Thursday, 19 November 2015

IBPS Banking Awareness and Knowledge questions and answers Free mock test Quiz : 16

1) When was the first nationalization of banks done?
(a) 1st July, 1959
(b) 8th October, 1960
(c) 19th July, 1969
(d) 2nd October, 1974
(e) None of these


2) What is the time taken for effecting fund transfer from one account to another under RTGS?
(a) Two hours
(b) Five hours
(c) Nine hours
(d) No time – boundation
(e) None of these

3) Commercial papers are normally issued in the multiple of ____ crore.
(a) 10
(b) 5
(c) 15
(d) 2
(e) None of these

4) Headquarters of WTO located in _____.
(a) Washington D.C.
(b) Singapore
(c) Paris
(d) Geneva
(e) None of these

5) Which of the following is known as highest or apex body of cooperative banks?
(a) State cooperative Banks
(b) Primary Credit Societies
(c) Central Co-operative Banks
(d) Local Co-operative Banks
(e) None of these

6) Small Industries Development Bank of India (SIDBI) provides refinance facilities under ARS. What is the full form of ARS?
(a) Automatic Refinance Scheme
(b) Allocation and Refinance Solutions
(c) Automatic Refinance Solution
(d) Allocation and Refinance Scheme
(e) None of these

7) Decline in the price of goods and services is technically known as:
(a) Deflation
(b) Inflation
(c) Negative Growth
(d) Discount yield
(e) None of these

8) Which of the following is/are the component(s) of Gross Domestic Capital Formation (GDCF)?
(i) Gross Domestic Saving
(ii) Net Capital Flow
(iii) Direct Foreign Investment
(a) Only (i)
(b) Only (ii)
(c) Only (iii)
(d) Only (i) and (iii)
(e) Both (i) and (ii)

9) Small scale industries like handicraft and cottage industries account for nearly what percent of the country’s exports?
(a) 35%
(b) 20%
(c) 25%
(d) 50%
(e) None of these

10) Index “Residex” is associated with:
(a) share prices
(b) mutual fund prices
(c) price inflation index
(d) land prices
(e) commodity prices


Read more banking knowledge expected questions and answers for ibps exam
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