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Monday, 3 August 2015

General Awareness Related To Banking Industry Questions And Answers For IBPS

1.Increased interest  rates, as is existing in the economy at present will:
[1]Lead to higher GDP growth
[2] Lead to lower GDP growth.
[3]Mean higher cost of raw materials.
[4]Mean lower cost of raw materials.
[5]Mean higher  wage bill.

2.By increasing repo rate, the economy may observe the following effects:
[1]Rate of interest on loans and advances will be costlier.
[2]Industrial output would be affected to an extent.
[3]Banks will increase rate of interest on deposits.
[4]Industrial houses may borrow money from foreign countries
[5]All of these


3.Axis bank is a -----
[1] Public Sector Bank.
[2]Private Sector Bank
[3]Co-operative.
[4]Foreign Bank.
[5]Gramin Bank

4.Bad advances of a bank are called :
[1]Bad debt.
[2]Book debt.
[3]Non-performing Asset.
[4]Out of order accounts.
[5]Overdrawn accounts


5.What is a 'Debit Card' ?
[1]It is a card issued by a Rating Agency.
[2]It is a card which can be used for withdrawing cash or making payment even in the absence of any balance in the account.
[3]It is a card which can be used for withdrawing cash or making payment if there is balance in the account.
[4]It is a card which carries prepaid balance.
[5]It is a card which can be used for making  STD calls.


6..Retail Banking refers to the dealing of commercial banks with individual customers on,
i) Liabilities.
ii) Assets
 [1] only i.
[2] only ii
[3]. both i and ii.
[4] Either i or ii.
[5] None of these.

7.In India additional interest rate is allowed on retail domestic term deposits for-
[1]. Minor citizens.
 [2]. Women.
 [3]. Senior citizens.
 [4]. None of these.[5]All the above.
.
8.What is the full form of ULIP?
  [1]. Unit linked insurance plan.
  [2]. Unreserved linked insurance plan.
  [3]. Unit liable insurance plan.
  [4]Unique liable insurance plan.
   [5]. None of these.

9.Which is the wrong statement in case of Bank Rate?
   [1] Banks borrows money from the supreme banking authority.
   [2] Banks borrows money from the supreme banking authority by selling its financial assets.
   [3] Banks borrows money from the supreme banking authority by selling its Securities.
   [4]All the above
  [5]. None of these.

10.Union budget of India comes under which Article of the Indian Constitution?
   [1] Article No. 14
    [2] Article No. 16
   [3]. Article No. 112
   [4]. Article No. 114
  [5] Article No. 116



Answer
1.[2]   2.[1]  3.[2]  4.[3]  5.[3] 6.[3] 7.[3] 8.[1] 9.[3] 10.[3]

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