IBPS CLERKS CWE GENERAL AWARENESS MODEL PRACTICE MCQs

1. An Institution whose principle business is accepting deposits and forwards the Loans is called?
1) Bank
2) Mutual Fund Business
3) Ombudsman
4) Company
5) None

2. The chief activities of bank do not include?
1) Providing loans
2) Accepting deposits
3) Providing lockers
4) Issuing Negotiable instruments
5) Selling Real Estate properties

3. Chief functions of banks do not include?
 1) Accepting Cheque in the form of deposit
2) Allowing the transfer of funds
3) Doing agriculture activity
4) Providing foreign exchange
5) None

4. Which of the following term do not represent any part of the Banking Technology?
1) NEFT
2) RTGS
3) ITC
4) CBS
5) M - Banking

General Awareness on Socio-Economic Developments

1. Which of the following is/are the highlights of the Union Budget 2009-10 ? The Finance Minister promised1. To bring fiscal deficit under control, institutional reforms will be initiated during the year.
2. Banks and insurance companies will remain in public sector and government will provide full support to these institutions to remain competitive by capital infusion, wherever necessary.
3. Banks will be allowed to set up offsite ATMs without prior approval from the RBI.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 3
(E) All 1, 2 and 3
Ans : (E)

2. As per the reports published in various newspapers/magazines and journals, the year 2008 was an important milestone in the evaluation of human settlements. For the first time in the human history, the population living in urban areas exceeded that in rural areas. What is India’s position in this regard ?1. India is a relatively less urbanized country with only 30% of its total population living in cities.
2. The size of its urban population is the second largest in the world.
3. India has more than 100 biggest cities in the world.
(A) Only 1
(B) Only 2
(C) Only 1 and 2
(D) All 1, 2 and 3
(E) None of these
Ans : (E)

3. According to Dr. Mohammad Yunus, the Nobel prize winner Economist, a particular type of financing undertaken by the banks, has created a miraculous situation where every year about 5 per cent clients of the Grameen Banks come out of their poverty and join the main stream of the socio economic development in poor/developing countries. This financing activity of the banks in known as—(A) Trade Finance
(B) Micro Credit
(C) Export finance
(D) All of these
(E) None of these
Ans : (B)

4. As per the reports published by the International Monetary Fund (IMF), the developing economies across the world are holding a massive stockpile of foreign exchange reserves. Which of the following is/are the resultant consequences of this type of stockpilings by various nations ?1. A trade imbalance (vast difference in value of imports/exports) is generated between the developing and emerging economies and the rich countries. It is not a healthy sign.
2. Many economists are of the opinion that these imbalances created the underpinning of the current global economic crisis.
3. This stockpiling is responsible not only for problems in trade balances but has also created a problem of money laundering.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 2
(E) All 1, 2 and 3
Ans : (E)

5. Which of the following is/are true about the Railway Budget 2009-10 ?1. Railway tickets to be made available through post offices and mobile vans.
2. Long distance trains will have on-board doctor and infotainment services.
3. Tatkal scheme of booking is modified. Instead of booking tickets under the scheme five days in advance, it can now be done only two days in advance.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Ans : (D)

Uttaranchal Gramin Bank PO Exam 2012 - General Awareness

1.  As per Educational Development Index prepared by the Govt, which one of the following states is at the top in elementary education? - Kerala
2.  Which one of the following countries has suffered the most due to percentage change in currency value against Dollar since August 2011? - India
3. According to World bank, which one of the following counties had been highest receiver of remittances from foreign nations in 2011? - India
4. Who among the following has written the book "A Brush with Life" ? - Satish Gujral
5. Expand the term CDR as used in banking sector? - Corporate Debt Restructuring
6. Which of the following terms is used in Banking? - Liquidity
7. As per the draft National Food Security Bill, who among the following would be enrolled as head of the family in the ration cards? - Head of the family
8. Expand the term OECD as used in economic world - Organisation for Economic Cooperation & Development
9. Which one of the following is the objective of Insurance (Amendment) Bill? -  
10. Which one of the following is 2nd largest source of global energy? - Renewable Energy
11. Expand the term FATF a used in financial world - Financial Action Task Force
12. Which one of the following is responsible for procurement, allocation and transportation of foodgrain to be given under Public Distribution Scheme? - FCI
13. Which of the following countries is not a member of OPEC? - China
14. With which one of the following products is "De Beers" associated? - Diamond
15. What is an Open Market Operations? - It is buying and selling of govt bonds by a Central bank to inject or suck liquidity in the system
16. Expand the term IPR as used in the field of World Trade - Intellectual Property Rights
17. Which one of the following countries is most indebted country of Europe? - Greece
18.  Which one of the following decisions has been taken by Govt in respect of audit of rural schemes of the Govt? - All such schemes shall be audited by CAG  
19. In which of the following countries, Antwerp Port, the second largest port in Europe is located ? - Belgium
20. Which one of the following companies manufactures small truck's brand named as "Ace" ? - Tata Motors

   

GENERAL AWARENESS FOR ALL COMPETITIVE EXAMS

1. Which of the following is one of the core functions of the Reserve Bank of India ?(A) To act as Tax collector of the Govt. of India
(B) Work as Banker to the Banks
(C) Help in finalization of the Union Budget
(D) Participate in annual meetings of the various financial institutes world wide
(E) None of these
Ans: (B)


2. Which of the following tools is used frequently by the RBI to control credit and monetary situations of the markets in the country ?(A) Cash Reserve Ratio (CRR)(B) Real Time Gross Settlement (RTGS)
(C) Balance of Trade
(D) Forward Rate Agreements
(E) Electronic Clearing Service
Ans: (A)
3. The National Social Security Fund (NSSF) launched with a corpus of Rs. 1000 crore will help which of the following groups of society ?(A) Bank Employees
(B) Central and State Government Employees
(C) Workers of the unorganized sectors(D) War widows
(E) Women employees engaged in textile industry
Ans: (C)

Banking General knowledge

1. Which bank is not in Private Sector?
1) Axis Bank
2) ICICI Bank
3) Repco Bank
4) HDFC Bank
5) South Indian Bank Ltd

2. FERA 1993 passed to control the foreign exchange dealings. FERA means...
1) Foreign Exchange Regulation Act
2) Foreign Exchange Rules Act
3) Four Exchange Regulation Act
4) Foreign Exchange Regulation Activates
5) None

3. The committees relating to banking given. Pick the wrong one.
1) Bhide Committee - Commercial banks and State Financial Corporations
2) Bhuchar Committee-Term lending institutes and commercial banks
3) K B Chore Committee-Cash credit
4) Cook Committee-Capital Adequacy Ratio of Banks
5) None

Banking GK

1. Which Bank is called Apex Bank?
1) Development Bank of India
2) NABARD
3) Reserve Bank of India
4) SBI
5) EXIM Bank

2. First Indian appointed as the Governor of Reserve bank of India ......
1) Sir C. D. Deshmukh
2) Sir Benegal Rama Rau
3) M. Narasimham
4) Dr. C. Rangarajan
5) Shanmugam Chettiar

3. Which among the following banks has more ATMs?
1) Union Bank of India
2) ICICI
3) State Bank of India
4) HDFC
5) Syndicate Bank

4. ICICI Bank made an agreement with ECO bank to extend the banking regulations on 15th October 2012. ECO bank original base is in...
1) Asia
2) North America
3) South America
4) Africa
5) None

5. Vostro Account means .....
1) An account maintained by Indian bank in foreign country with dollars
2) An account maintained by foreign bank in India in Indian Rupees
3) An account maintained by foreign bank in India in Foreign Currency
4) An account maintained by Indian bank in foreign in Indian Rupees
5) An account blocked by RBI

6. Which among the following terms not used in Banking?
1) Pay Order
2) Garnishee
3) Emission
4) Lien
5) Crossing

7. In the acronym WEF, 'E' stands for .....
1) Exchange
2) Eternal
3) Existence
4) Economic
5) Exit

8. Which state decided to provide an allowance of Rs. 1,000 a month to housewives in households whose annual incomes are less than Rs. 3 lakh on 2nd October 2012?
1) Maharashtra
2) Andhra Pradesh
3) Goa
4) Kerala
5) Tamilnadu

9. The Base Year of Consumer Price Index Numbers for Industrial Workers (CPI-IW) is...
1) 2011
2) 2010
3) 2008
4) 2012
5) 2001




10. The recent Sports/games options given. Pick the wrong combination.
1) Novak Djokovic of Serbia won Shanghai Rolex Masters Championship
2) Woman T 20 world Cup winner is Australia
3) Japanese Grand Prix won by Sebastian Vettel
4) ICC World Twenty 20 cup lifted by West Indies
5) None



ANSWERS:

1-3; 2-1; 3-3; 4-4; 5-2; 6-3; 7-4; 8-3; 9-5; 10-5;

General Awareness

   
1.For Rajya Sabha, how many members are nominated by President?
(A) 7
(B) 10
(C) 12
(D) 15
Ans: (C) 12
 2.Chankya was the chief advisor of which ruler ?
(A) Ashok
(B) Harshvardhan
(C) Chandragupta Maurya
(D) Kanishkan
Ans:(C) Chandragupta Maurya
3. What is the direction of rotation of earth on its axis ?
(A) East to West
(B) West to East
(C) North to South
(D) South to North
Ans: (B) West to East
4.In Computers, One Byte equals to how many Bits ?
 (A) 4
(B) 8
(C) 12
(D) 16
Ans: (B) 8
5. Which is the highest civilian award in India ?
(A) Padam Shri
(B) Padam Bhushan
(C) Padam Vibhushan
(D) Bharat Ratna
Ans:(D) Bharat Ratna 
6.In first battle of Panipat, Babar defeated which Lodhi ruler to establish Mughals in India ?
 (A) Ibrahim Lodhi
(B) Sikandar Lodhi
(C) Bahlul Lodhi
(D) Daulat Lodhi
Ans:(A) Ibrahim Lodhi 
7. Which is the largest animal in world ?
 (A) Giraffe
(B) Elephant
(C) Orang Utan
(D) Blue Whale
Ans:(D) Blue Whale
8.In an equilateral triange, how many sides are equal ?
(A) Two
(B) All
(C) None
(D)  Not fixed
Ans:(B) All

banking general knowledge,

1.Which Indian state is the largest producer in the world of the golden coloured 'Muga' silk ?

(A) Assam
(B) Orissa
(C) West Bengal
(D) Karnataka

Ans: (A)

2.'Anandmath', 'Durgeshnondini' and 'Kapalkundala' novels were authored by which Bengali writer ?

(A) Rabindranath Tagore
(B) Sharat Chandra Chatterjee
(C) Bankim Chandra Chatterjee
(D) Bibhuti Bhushan Bandopadhyay

Ans(c)

3.Where was the first Indian Institute of Management (IIM) established in 1961 ?

(A) Kolkata
(B) Bengaluru
(C) Ahmedabad
(D) Lucknow
Ans(A)

4.What line connects the points on a map that receive equal amounts of rainfall ?

(A) Isobar
(B) Isohel
(C) Isotherm
(D) Isohyet
Ans(D)

5.Which India born physicist invented the 'Optical Fibre' ?

(A) C.V. Raman
(B) Satyendra Nath Bose
(C) Homi J. Bhabha
(D) Narinder Singh Kapany

Ans(D)

AWARDS 2012

PEN Open Book Award:

Stylish Indian author Siddhartha Deb scooped the prestigious award for his novel “The Beautiful and the Damned”.

Rajiv Gandhi Khel Ratna Award, 2012:

Olympic medalists Vijay Kumar and Yogeshwar Dutt have been jointly conferred the Rajiv Gandhi Khel Ratna award, country's highest sporting honour.

Arjuna Awards, 2012:

Deepika Kumari (Archery),
 Laishram Bombayla Devi (Archery),
Sudha Singh (Athletics),
Kavita Ramdas Raut (Athletics), Ashwani Ponnappa (Badminton),
Parupalli Kashyap (Badminton),
Aditya S Mehta (Billiards and Snooker),
Vikas Krishan (Boxing),
Yuvraj Singh (Cricket),
Sardar Singh (Hockey),
Yashpal Solanki (Judo),
Anup Kumar (Kabaddi),
Samir Suhag (Polo),
Annu Raj Singh (Shooting),
Omkar Singh (Shooting),
Joydeep Karmakar (Shooting),
Deepika Pallikal (Squash),
Sandeep Sejwal (Swimming),
Ng. Sonia Chanu (Weightlifting),
Narsingh Yadav (Wrestling),
Rajinder Kumar (Wrestling),
Geeta Phogat (Wrestling),
M. Bimoljit Singh (Wushu),
Deepa Mallick (Athletics, Paralympics),
Ramkaran Singh (Athletics, Paralympics).

SBI Clerk Recruitment Exam 2009 (General Awareness)

1. Which of the following States will soon have its first Civil Airports?
      (A) Jammu & Kashmir
      (B) Maharashtra
      (C) Assam
      (D) Meghalaya 
      (E) Sikkim
                   Ans : (E)

2. Who amongst the following made the 41st Test Century of his career recently?
     (A) Saurav Ganguly
     (B) V. V. S. Laxman
     (C) Rahul Dravid
     (D) Sachin Tendulkar
     (E) None of these
           Ans : (D)
3. Which of the following is NOT a part of India’s Money Market ?    
      (A) Bill Markets
      (B) Call Money Market
      (C) Banks
      (D) Mutual Funds
      (E) Indian Gold Council
        Ans : (E)
4. Which of the following countries adopted its new constitution recently ?     
     (A) Russia
     (B) Equadore
     (C) South Korea
     (D) North Korea
     (E) None of these
    Ans : (B)
5. Which of the following awards was given to Pt. Bhimsen Joshi recently (2008) ?     
     (A) Padma Bhushan
    (B) Sangit Natak Academy Award
    (C) Maharashtra Bhushan
    (D) Karnataka Ratna
    (E) Bharat Ratna
   Ans : (E)