Solved Practice Question Set on General Awareness for IBPS PO Exam 2012:Set- 1
1. Who amongst the following has become the Chief Minister of a State in India third time consecutively?
(A) Tarun Gagoi
(B) Nitish Kumar
(C) J. Jayalalitha jobguruhsr.blogspot.in
(D) Mamta Banerjee
(E) None of these
2. Largest shareholder (in percentage shareholding) of a nationalized bank is-
(A) RBI
(B) NABARD
(C) LICI
(D) Govt. of India
(E) IBA
3. Who amongst the following is the winner of Man Booker Prize - 2011?
(A) Andrea Levy
(B) Nicola Barker
(C) Tom McCarthy
(D) Linda Grant
(E) Philip Roth
4. The Govt. of which of the following states has agreed to give captive mines of iron ores to all the companies who are willing to establish plants there?
(A) West Bengal
(B) Orissa
(C) Jharkhand
(D) Bihar
(E) Karnataka
5. Banks in our country normally publicise that additional interest rate is allowed on retail domestic term deposits of-
(A) Minors
(B) Married women
(C) Senior citizens
(D) Govt. employees
(E) Rural residents
6. When the rate of inflation increases-
(A) purchasing power of money increases
(B) purchasing power of money decreases
(C) value of money increases
(D) purchasing power of money remains unaffected
(E) amount of money in circulation decreases
7. A centralized database with online connectivity to branches, internet as well as ATM-network which has been adopted by almost all major banks of our country is known as-
(A) investment banking
(B) core banking
(C) mobile banking
(D) national banking
(E) specialized banking
8. Which of the following is not considered a money market instrument?
(A) Treasury bills
(B) Repurchase Agreement
(C) Commercial Paper
(D) Certificate of Deposit
(E) Shares and bonds
9. With a view to facilitate payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country-
(A) Will
(B) Registration
(C) Nomination
(D) Indemnity
(E) Guarantee
10. The Govt. of India recently decided to lift four years old ban on export of wheat. What was the reason for the same?
(1) India had a bumper crop of wheat in last two years. Hence it has excess stock of wheat.
(2) As per the Food Security Act India is bound to provide 10 million tones of wheat to World Food Grain stock every year. India defaulted last year. This year it does not want to be one.
(3) As advised by the Supreme Court of India, the money received from export should be used to pay subsidy to the farmers.
(A) Only (2)
(B) Only (1)
(C) Only (3) jobguruhsr.blogspot.in
(D) Both (1) and (2)
(E) All (1), (2) and (3)
11. Accounts are allowed to be operated by cheques in respect of-
(A) Both Savings banks accounts and fixed deposit accounts
(B) Savings bank accounts and current accounts
(C) Both Savings bank accounts and loan accounts
(D) Both Savings bank accounts and cash accounts only
(E) Both Current accounts and fixed deposit accounts
12. Almost all the major economies of the world had reacted sharply on the issue of USA's ceiling limit on its debt. Why was the issue so important for other nations, which otherwise was an internal matter for USA? (This was during last month of July 2011, till Senat's decision)
(1) The Senat's decision on the issue might have caused US dollar to weaken further or get strengthened in international markets.
(2) Weakening of the dollar might have pushed up Euro and other major currencies up and some European countries which were already in trouble would have faced a new crisis.
(3) Debt limit was directly related to liquidity position of banks in USA.
(A) Only (1)
(B) Only (2)
(C) Only (1) and (2) both
(D) Only (2) and (3) both
(E) All (1), (2) and (3)
13. Iran recently threatened that it will stop supply of oil to India if the payment issue is not sorted out quickly. What is the problem in payment to Iran?
(1) The oil supplied by Iran is of substandard quality. Hence India suspended the supply and stopped the payment.
(2) Indian banks have stopped transfer of money to Iran as UN has imposed sanctions on Iran.
(3) India is bound to purchase oil only from OPEC members. Iran has abandoned the membership of OPEC, which has created a problem in payments.
(A) Only (1)
(B) Only (2)
(C) Only (3)
(D) All (1), (2) and (3)
(E) None of these
14. Which of the following is correct statement?
(A) Normally no interest is paid on current deposit accounts
(B) Interest is paid on current accounts at the same rate as term deposit accounts
(C) The rate of interest on current account and savings account are the same.
(D) No interest is paid on any deposit by the bank
(E) Savings deposits are the same as current deposits
15. The Lokayukta of which of the following States had submitted a report on illegal mining of iron ore in the State?
(A) Andhra Pradesh
(B) Tamil Nadu
(C) Karnataka
(D) Odisha jobguruhsr.blogspot.in
(E) None of these
16. Mortgage is a-
(A) security on movable property for a loan given by a bank
(B) security on immovable property for a loan given by a bank
(C) concession on immovable property for a loan given by a bank
(D) facility on immovable property for a loan given by a bank
(E) security on immovable property for a deposit received by a bank
17. Angela Merkel was recently in India to receive Jawaharlal Nehru Award for International Understanding for the year 2009. What has been her contribution in the international politics which made her the 'Best Choice' for the award?
(1) She played a major role in restarting negotiations between Russia and USA on 'STAR'.
(2) She initiated 'Health Care Reforms' in Germany and solved problems related to 'future energy development’.
(3) She played a crucial role in negotiation of the 'Treaty of Lisbon' and Berlin declaration.
(A) Only
(2) and (3)
(B) Only (1) and (2)
(C) Only (3)
(D) Only (1) and (3)
(E) None of these
18. Which of the following is known as cross selling by Banks? (1) Sale of a debit card to a credit card holder.
(2) Sale of Insurance policy to a depositor.
(3) Issuance of Cash against Cheque presented by a third party.
(A) Only (1)
(B) Only (2)
(C) Only (3)
(D) Both (1) and (3)
(E) All (1), (2) and (3)
19. Financial inclusion means provision of-
(A) financial services namely, payments, remittances, savings, loans and insurance at affordable cost to persons not yet given the same
(B) ration at affordable cost to persons not yet given the same .
(C) house at affordable cost to persons not yet given the same
(D) food at affordable cost to persons not yet given the same
(E) education at affordable cost to persons not yet given the same
20. Japan won the women's Football World Cup 2011 by defeating-
(A) England
(B) Germany
(C) Argentina
(D) USA
(E) China
