SBI - IBPS - Model question paper (Banking Industry and Finance Only ) - 1 (Sample question paper):
1. Bank for Interntional settlements is situated at
Basel, Switzerland
New York, U.S.A
Luxemburg
London, England
Paris, France
2. 'Swabhiman' is a campaign launched for
Deposit mobilisation
Special loans for jawans
Financial inclusion
Enlarging tax net
None of these
3. During the 2011-12 annual budget, the finance minister has targeted covering 73000 new areas with population of _____ and above under banking services by March 2012.
1000
2000
5000
10000
25000
4. The initial minimum capital required to set up new banks has been fixed at Rs. _____ crore.
100
200
500
1000
5000
5. RBI has issued guidelines for issuance of fresh licence to banks. As per them, new banks can be set up only through a wholly owned Non-Operative Holding Company (NOHC). The NOHC will have to hold a minimum _______% of the paid up capital for five years.
25
40
50
100
74
6. New entities that seek fresh banking licence have to open at least _____% of their branches in unbanked rural centers. (Populations up to 9999 as per 2001 census).
10
25
40
50
75
7. Foreign investment (FDI + FII + NRI) for new banks has been capped at ______% for initial five years.
25
49
51
74
76
8. In existing banks foreign share holding is permitted up to ____%.
100
74
51
49
40
9. SARFAESI (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest) Act enables financial institutions to
Recover bad loans
Improve financial inclusions
Assess market risks better
Open new branches and outlets
None of these
10. Ranjana Sadashiv Sonwane was the first person to get Aadhar Number in India. She is a tribal woman from Tembhali village in Nandurbar in
Madhya Pradesh
Assam
Rajasthan
Bihar
Maharashtra
11. Aadhar is a ______digit unique number provided by Unique Identification Authority of India (UIDAI).
10
12
14
15
20
12. UIDAI stores in a centralised database the folowing information of citizens except
Basic demographics
Photographs
Ten finger prints
Iris
DNA details
13. Who is the President of World Bank ?
Robert B Zoellick
Edward R Cook
King Keizer Mavric
Rupert Murdoch
Ms. Christine Lagarde
14. Who is the MD of IMF ?
Robert B Zoellick
Edward R Cook
King Keizer Mavric
Rupert Murdoch
Ms. Christine Lagarde
15. Who is the Deputy Chairman of Planning Commission ?
Dr. Manmohan Singh
Pranab Mukerjee
Dr. Subbarao
Montek Singh Ahluwalia
None of these
16. The 12th Five Year Plan would begin in the year____.
2011
2012
2013
2014
2015
17. Who owns State Bank of India now ?
It is wholly owned by Government of India
It is wholly owned by RBI
It is jointly owned by RBI and Government of India
Majority shares are with Government of India while the balance is owned by private people
None of these
18. Who is considered the 'Lender of Last Resort' in India ?
RBI
Government of India
Planning Commission
Development Banks
None of these
19. Maximum amount per transaction using NEFT is limited to______.
Rs. 50000
Rs. 100000
Rs. 200000
Rs. 500000
No such limit
20. What is the minimum service charge per transaction for NEFT/RTGS ?
Rs. 6
Rs. 8
Rs. 10
Rs. 25
None of these
21. Banks allow 'no frill account' now. What is their peculiarity ?
Low minimum balance to be kept
No minimum balance requirements
No interest will be given to such accounts
KYC norms are not mandatory
None of these
22. Renminby is the official currency of______
Hong Kong
China
Thailand
Laos
Singapore
23. Which is the biggest financial institution in India ?
SBI
ICICI
LIC
GIC
UTI
24. India's first rural bank ATM card was issued by National Payments Corporation of India for the Kashi Gomti Samyut Gramin Bank. This card is named ________
Rupay Grmin Card
Kisan Card
Samyut Card
Kashi Gramin Card
None of these
25. The above mentioned card was launched in association with_____
SBI
Union Bank of India
Canara Bank
Bank of India
None of these
26. Which of the following is NOT a pubic sector bank functioning in India now ?
Andhra Bank
Bank of Maharashtra
United Bank of India
New Bank of India
Allahabad Bank
27. From which state was the Janani-Shishu Suraksha Karyakram (JSSK) of the Ministry of Health and Family Welfare launched recently ?
Kerala
Maharashtra
Haryana
Rajasthan
None of these
28. SCORES is a complains redressal system launched by ________
SEBI
IBA
CBDT
CCI
None of these
29. Direct Tax collections account for what share of GDP in India ?
9.26 %
7.62 %
5.66 %
4.72 %
None of these
30. The National Broadband Plan is aimed at rolling out broadband infrastructure to every village with more than _____ people.
500
1000
1500
2000
None of these
31. Which of the following have been disallowed from opening branches abroad by the RBI ?
Private sector banks
Pension funds
Cooperative banks
NBFCs
None of these
32. What is India's per capita income at current prices in 2010-11 ?
Rs. 41532
Rs. 45278
Rs. 49294
Rs. 54835
None
33. What is the share of micro small and medium enterprises (MSMEs) in India's industrial production ?
8.72 %
16.18 %
24.67 %
44.86 %
None of these
34. Goa became the first state in the country to launch cashless health insurance scheme "______ Arogya Bhima Yojana" for its entire population in September 2011.
Shatabdi
Rashtriya
Nehru
Swarnajayanti
Sampoorna
35. Which of the following is a private sector bank ?
Oriental Bank of Commerce
Karur Vysya Bank
Indian Bank
Corporation Bank
All the above
36. With which of the following has India Post tied up to provide money transfer service to enable those working abroad to remit money to their dependents in India not having bank accounts.
Money Gram
Western Union
Paypal
Master Card
Visa
37. What is the full form of DGFT ?
Development and Grouping of Foreign Trade
Demand and Grouping of Foreign Trade
Director General of Foreign Trade
All the above are correct under different contexts
None of these
38. The RBI capped bank investments in to liquid schemes to what per cent of the bank's net worth ?
15 %
10 %
12 %
13.2 %
None of these
39. Which of the following bodies in April 2011 modified the norms for appointment of its internal auditor ?
SEBI
PFRDA
IRDA
India Inc
None of these
40. NASSCOM Chairman ?
Rajendra Singh Pawar
Harsh Manglik
N. Chandrashekaran
Ganesh Natarajan
None of these
View answer
ANSWER KEY:
1. Bank for Interntional settlements is situated at
Basel, Switzerland
2. 'Swabhiman' is a campaign launched fo
3. Financial Inclusion
3. During the 2011-12 annual budget, the finance minister has targeted covering 73000 new areas with population of _____ and above under banking services by March 2012.
2. 2000
4. The initial minimum capital required to set up new banks has been fixed at Rs. _____ crore.
3. 500
5. RBI has issued guidelines for issuance of fresh licence to banks. As per them, new banks can be set up only through a wholly owned Non-Operative Holding Company (NOHC). The NOHC will have to hold a minimum _______% of the paid up capital for five years.
2. 40
6. New entities that seek fresh banking licence have to open at least _____% of their branches in unbanked rural centers. (Populations up to 9999 as per 2001 census).
2. 25
7. Foreign investment (FDI + FII + NRI) for new banks has been capped at ______% for initial five years.
2. 49
8. In existing banks foreign share holding is permitted up to ____%.
2. 74
9. SARFAESI (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest) Act enables financial institutions to
Recover bad loans
10. Ranjana Sadashiv Sonwane was the first person to get Aadhar Number in India. She is a tribal woman from Tembhali village in Nandurbar in
5. Maharashtra
11. Aadhar is a ______digit unique number provided by Unique Identification Authority of India (UIDAI)
2. 12
12. UIDAI stores in a centralised database the folowing information of citizens except
5. DNA Details
13. Who is the President of World Bank ?
Robert B Zoellick
14. Who is the MD of IMF ?
5. Ms. Christine Lagarde
15. Who is the Deputy Chairman of Planning Commission ?
4. Montek Singh Ahluwalia
16. The 12th Five Year Plan would begin in the year____.
2. 2012
17. Who owns State Bank of India now ?
4. Majority shares are with Government of India while the balance is owned by private people
18. Who is considered the 'Lender of Last Resort' in India ?
RBI
19. Maximum amount per transaction using NEFT is limited to______.
3. Rs. 200000
20. What is the minimum service charge per transaction for NEFT/RTGS ?
Rs. 6
21. Banks allow 'no frill account' now. What is their peculiarity ?
2. No minimum balance requirements
22. Renminby is the official currency of______
2. China
23. Which is the biggest financial institution in India ?
3. LIC
24. India's first rural bank ATM card was issued by National Payments Corporation of India for the Kashi Gomti Samyut Gramin Bank. This card is named ________
Rupay Grmin Card
25. The above mentioned card was launched in association with_____
2. Union Bank of India
26. Which of the following is NOT a pubic sector bank functioning in India now ?
4. New Bank of India
27. From which state was the Janani-Shishu Suraksha Karyakram (JSSK) of the Ministry of Health and Family Welfare launched recently ?
3. Haryana
28. SCORES is a complains redressal system launched by ________
SEBI
29. Direct Tax collections account for what share of GDP in India ?
3. 5.66 %
30. The National Broadband Plan is aimed at rolling out broadband infrastructure to every village with more than _____ people.
500
31. Which of the following have been disallowed from opening branches abroad by the RBI ?
4. NBFCs
32. What is India's per capita income at current prices in 2010-11 ?
4. Rs. 54835
33. What is the share of micro small and medium enterprises (MSMEs) in India's industrial production ?
4. 44.86 %
34. Goa became the first state in the country to launch cashless health insurance scheme "______ Arogya Bhima Yojana" for its entire population in September 2011.
4. Swarnajayanti
35. Which of the following is a private sector bank ?
2. Karur Vysya Bank
36. With which of the following has India Post tied up to provide money transfer service to enable those working abroad to remit money to their dependents in India not having bank accounts.
Money Gram
37. What is the full form of DGFT ?
3. Director General of Foreign Trade
38. The RBI capped bank investments in to liquid schemes to what per cent of the bank's net worth ?
2. 10 %
39. Which of the following bodies in April 2011 modified the norms for appointment of its internal auditor ?
SEBI
40. NASSCOM Chairman ?
Rajendra Singh Pawar
1. Bank for Interntional settlements is situated at
Basel, Switzerland
New York, U.S.A
Luxemburg
London, England
Paris, France
2. 'Swabhiman' is a campaign launched for
Deposit mobilisation
Special loans for jawans
Financial inclusion
Enlarging tax net
None of these
3. During the 2011-12 annual budget, the finance minister has targeted covering 73000 new areas with population of _____ and above under banking services by March 2012.
1000
2000
5000
10000
25000
4. The initial minimum capital required to set up new banks has been fixed at Rs. _____ crore.
100
200
500
1000
5000
5. RBI has issued guidelines for issuance of fresh licence to banks. As per them, new banks can be set up only through a wholly owned Non-Operative Holding Company (NOHC). The NOHC will have to hold a minimum _______% of the paid up capital for five years.
25
40
50
100
74
6. New entities that seek fresh banking licence have to open at least _____% of their branches in unbanked rural centers. (Populations up to 9999 as per 2001 census).
10
25
40
50
75
7. Foreign investment (FDI + FII + NRI) for new banks has been capped at ______% for initial five years.
25
49
51
74
76
8. In existing banks foreign share holding is permitted up to ____%.
100
74
51
49
40
9. SARFAESI (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest) Act enables financial institutions to
Recover bad loans
Improve financial inclusions
Assess market risks better
Open new branches and outlets
None of these
10. Ranjana Sadashiv Sonwane was the first person to get Aadhar Number in India. She is a tribal woman from Tembhali village in Nandurbar in
Madhya Pradesh
Assam
Rajasthan
Bihar
Maharashtra
11. Aadhar is a ______digit unique number provided by Unique Identification Authority of India (UIDAI).
10
12
14
15
20
12. UIDAI stores in a centralised database the folowing information of citizens except
Basic demographics
Photographs
Ten finger prints
Iris
DNA details
13. Who is the President of World Bank ?
Robert B Zoellick
Edward R Cook
King Keizer Mavric
Rupert Murdoch
Ms. Christine Lagarde
14. Who is the MD of IMF ?
Robert B Zoellick
Edward R Cook
King Keizer Mavric
Rupert Murdoch
Ms. Christine Lagarde
15. Who is the Deputy Chairman of Planning Commission ?
Dr. Manmohan Singh
Pranab Mukerjee
Dr. Subbarao
Montek Singh Ahluwalia
None of these
16. The 12th Five Year Plan would begin in the year____.
2011
2012
2013
2014
2015
17. Who owns State Bank of India now ?
It is wholly owned by Government of India
It is wholly owned by RBI
It is jointly owned by RBI and Government of India
Majority shares are with Government of India while the balance is owned by private people
None of these
18. Who is considered the 'Lender of Last Resort' in India ?
RBI
Government of India
Planning Commission
Development Banks
None of these
19. Maximum amount per transaction using NEFT is limited to______.
Rs. 50000
Rs. 100000
Rs. 200000
Rs. 500000
No such limit
20. What is the minimum service charge per transaction for NEFT/RTGS ?
Rs. 6
Rs. 8
Rs. 10
Rs. 25
None of these
21. Banks allow 'no frill account' now. What is their peculiarity ?
Low minimum balance to be kept
No minimum balance requirements
No interest will be given to such accounts
KYC norms are not mandatory
None of these
22. Renminby is the official currency of______
Hong Kong
China
Thailand
Laos
Singapore
23. Which is the biggest financial institution in India ?
SBI
ICICI
LIC
GIC
UTI
24. India's first rural bank ATM card was issued by National Payments Corporation of India for the Kashi Gomti Samyut Gramin Bank. This card is named ________
Rupay Grmin Card
Kisan Card
Samyut Card
Kashi Gramin Card
None of these
25. The above mentioned card was launched in association with_____
SBI
Union Bank of India
Canara Bank
Bank of India
None of these
26. Which of the following is NOT a pubic sector bank functioning in India now ?
Andhra Bank
Bank of Maharashtra
United Bank of India
New Bank of India
Allahabad Bank
27. From which state was the Janani-Shishu Suraksha Karyakram (JSSK) of the Ministry of Health and Family Welfare launched recently ?
Kerala
Maharashtra
Haryana
Rajasthan
None of these
28. SCORES is a complains redressal system launched by ________
SEBI
IBA
CBDT
CCI
None of these
29. Direct Tax collections account for what share of GDP in India ?
9.26 %
7.62 %
5.66 %
4.72 %
None of these
30. The National Broadband Plan is aimed at rolling out broadband infrastructure to every village with more than _____ people.
500
1000
1500
2000
None of these
31. Which of the following have been disallowed from opening branches abroad by the RBI ?
Private sector banks
Pension funds
Cooperative banks
NBFCs
None of these
32. What is India's per capita income at current prices in 2010-11 ?
Rs. 41532
Rs. 45278
Rs. 49294
Rs. 54835
None
33. What is the share of micro small and medium enterprises (MSMEs) in India's industrial production ?
8.72 %
16.18 %
24.67 %
44.86 %
None of these
34. Goa became the first state in the country to launch cashless health insurance scheme "______ Arogya Bhima Yojana" for its entire population in September 2011.
Shatabdi
Rashtriya
Nehru
Swarnajayanti
Sampoorna
35. Which of the following is a private sector bank ?
Oriental Bank of Commerce
Karur Vysya Bank
Indian Bank
Corporation Bank
All the above
36. With which of the following has India Post tied up to provide money transfer service to enable those working abroad to remit money to their dependents in India not having bank accounts.
Money Gram
Western Union
Paypal
Master Card
Visa
37. What is the full form of DGFT ?
Development and Grouping of Foreign Trade
Demand and Grouping of Foreign Trade
Director General of Foreign Trade
All the above are correct under different contexts
None of these
38. The RBI capped bank investments in to liquid schemes to what per cent of the bank's net worth ?
15 %
10 %
12 %
13.2 %
None of these
39. Which of the following bodies in April 2011 modified the norms for appointment of its internal auditor ?
SEBI
PFRDA
IRDA
India Inc
None of these
40. NASSCOM Chairman ?
Rajendra Singh Pawar
Harsh Manglik
N. Chandrashekaran
Ganesh Natarajan
None of these
View answer
ANSWER KEY:
1. Bank for Interntional settlements is situated at
Basel, Switzerland
2. 'Swabhiman' is a campaign launched fo
3. Financial Inclusion
3. During the 2011-12 annual budget, the finance minister has targeted covering 73000 new areas with population of _____ and above under banking services by March 2012.
2. 2000
4. The initial minimum capital required to set up new banks has been fixed at Rs. _____ crore.
3. 500
5. RBI has issued guidelines for issuance of fresh licence to banks. As per them, new banks can be set up only through a wholly owned Non-Operative Holding Company (NOHC). The NOHC will have to hold a minimum _______% of the paid up capital for five years.
2. 40
6. New entities that seek fresh banking licence have to open at least _____% of their branches in unbanked rural centers. (Populations up to 9999 as per 2001 census).
2. 25
7. Foreign investment (FDI + FII + NRI) for new banks has been capped at ______% for initial five years.
2. 49
8. In existing banks foreign share holding is permitted up to ____%.
2. 74
9. SARFAESI (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest) Act enables financial institutions to
Recover bad loans
10. Ranjana Sadashiv Sonwane was the first person to get Aadhar Number in India. She is a tribal woman from Tembhali village in Nandurbar in
5. Maharashtra
11. Aadhar is a ______digit unique number provided by Unique Identification Authority of India (UIDAI)
2. 12
12. UIDAI stores in a centralised database the folowing information of citizens except
5. DNA Details
13. Who is the President of World Bank ?
Robert B Zoellick
14. Who is the MD of IMF ?
5. Ms. Christine Lagarde
15. Who is the Deputy Chairman of Planning Commission ?
4. Montek Singh Ahluwalia
16. The 12th Five Year Plan would begin in the year____.
2. 2012
17. Who owns State Bank of India now ?
4. Majority shares are with Government of India while the balance is owned by private people
18. Who is considered the 'Lender of Last Resort' in India ?
RBI
19. Maximum amount per transaction using NEFT is limited to______.
3. Rs. 200000
20. What is the minimum service charge per transaction for NEFT/RTGS ?
Rs. 6
21. Banks allow 'no frill account' now. What is their peculiarity ?
2. No minimum balance requirements
22. Renminby is the official currency of______
2. China
23. Which is the biggest financial institution in India ?
3. LIC
24. India's first rural bank ATM card was issued by National Payments Corporation of India for the Kashi Gomti Samyut Gramin Bank. This card is named ________
Rupay Grmin Card
25. The above mentioned card was launched in association with_____
2. Union Bank of India
26. Which of the following is NOT a pubic sector bank functioning in India now ?
4. New Bank of India
27. From which state was the Janani-Shishu Suraksha Karyakram (JSSK) of the Ministry of Health and Family Welfare launched recently ?
3. Haryana
28. SCORES is a complains redressal system launched by ________
SEBI
29. Direct Tax collections account for what share of GDP in India ?
3. 5.66 %
30. The National Broadband Plan is aimed at rolling out broadband infrastructure to every village with more than _____ people.
500
31. Which of the following have been disallowed from opening branches abroad by the RBI ?
4. NBFCs
32. What is India's per capita income at current prices in 2010-11 ?
4. Rs. 54835
33. What is the share of micro small and medium enterprises (MSMEs) in India's industrial production ?
4. 44.86 %
34. Goa became the first state in the country to launch cashless health insurance scheme "______ Arogya Bhima Yojana" for its entire population in September 2011.
4. Swarnajayanti
35. Which of the following is a private sector bank ?
2. Karur Vysya Bank
36. With which of the following has India Post tied up to provide money transfer service to enable those working abroad to remit money to their dependents in India not having bank accounts.
Money Gram
37. What is the full form of DGFT ?
3. Director General of Foreign Trade
38. The RBI capped bank investments in to liquid schemes to what per cent of the bank's net worth ?
2. 10 %
39. Which of the following bodies in April 2011 modified the norms for appointment of its internal auditor ?
SEBI
40. NASSCOM Chairman ?
Rajendra Singh Pawar
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