General Awareness (Banking Industry) Question Bank for Practice 1.

Which of the following bodies tightened the norms for foreign exchange risk cover in India mentioning that only companies with a networth of Rs 200 crore can use derivatives to hedge against risk of volatility in currency rates? a. IMF b. Reserve c. SEBI d. Union Ministry of Finance Ans: b 2. Which body in India finally provided tax exemption on the 9.5 per cent interest income on PF deposits for 2010-11? a. Reserve b. Income c. Employees d. Corporate Affairs Ministry Ans: b 3. (1) The report on Customer Service in Banks by a committee chaired by M. Damodaran, former Chairman of the Securities and Exchange Board of India (SEBI) that was released on 3 July 2011 recommended an increased deposit insurance cover of Rs.5 lakh so as to encourage individuals to keep all their deposits in banks. (2) The panel also suggested blocking of lost ATM cards through SMS and immediate restoration of funds in case of non-dispensation Which of the above is not true? a. Only b. Only c. Both d. None of the above Ans: b 4. The Reserve Bank of India (RBI) in a bid to tame inflationary pressure hiked the short-term indicative policy rate (repo rate) by 50 basis points on 26 July 2011. The repo rate currently stands at what percentage? a. 7% b. 7.5% c. 8% d. 8.5% Ans: c 5. Which bank posted a 99 per cent drop in net profit at Rs 21 crore for the fourth quarter ended 31 March 2011 against Rs 1867 crore during the corresponding period in 2010? a. Indian b. State c. Bank d. United Bank of India Overseas Bank of of Bank India India of cash at an ATM within 5 working days. Bank Tax Provident Fund of India Department Organisation

Bank

of

India

&

1 2 2

Ans: b 6. Who did global payments processing company MasterCard appoint as the General Manager, South Asia and Country President, India? a. T. b. Vicky c. Tunde d. Ajay Banga Ans: a 7. Government of India on 19 July 2011 appointed Usha Ananthasubramanian, former general manager of Bank of Baroda (BoB) as executive director of which public sector lender? a. Central b. Punjab c. United d. Gramin Bank Ans: b 8. Name the public sector lender that selected Metlife as its partner for a proposed foray into the life insurance segment. a. Syndicate b. Punjab c. Corporation d. United Bank of India Ans: b 9. Which bank signed a memorandum of understanding with Dewan Housing Finance Corporation (DHFL) under which DHFL will distribute home loans to Yes Bank's customers? a. Canara b. ABN c. Yes d. HSBC Ans: c 10. Which life insurance company in India launched a new non-linked health insurance plan, Jeevan Arogya? a. HDFC Standard b. Life Insurance c. IDBI Fortis d. SBI Life Insurance Co. Ltd Ans: b 11. Which of the following public sector banks in November 2011 froze its lending to the power sector? a. State b. Allahabad c. Punjab d. United Bank of India Bank National of India Bank Bank Life Life Insurance Corporation Insurance Co. of Company Ltd India Ltd. Bank bank Bank National Bank Bank Bank Bank National Bank of of India Bank India V. Seshadri Bindra Lemo

Amro

Ans: b 12. Which Indian bank on 10 May 2011 raised benchmark prime lending rate 75 basis points to 14% following raising of interest rates by RBI by basis points on 3 May 2011? a. State b. Union c. Punjab d. Bank of Baroda Ans: a 13. The Reserve Bank of India on 26 April 2011 fined 19 banks, including the country's top private and foreign banks for violating its guidelines on derivatives. Which is the only public sector bank on the list of banks to be fined? a. State b. Punjab c. Bank d. Indian Bank Ans: a 14. The Reserve Bank of India on 25 August 2011 released its Annual Report for 2010-11. Which of the following was not discussed in the Annual Report the Central Board of the RBI? a. assessment of the macroeconomic performance b. prospects for c. working and operations of the Reserve Bank and its d. role of regulatory bodies in controlling the financial markets Ans: d 15. Reserve Bank of India (RBI) panel headed by headed by Usha Thorat, Director, Centre for Advanced Financial Research and Learning (CAFRAL) on 29 August 2011 came up with suggestion on non-banking finance company (NBFC). Which of the following related to this statement is not true? 1. The panel suggested the central bank to insist on a minimum asset size of more than Rs.25 crore for registering any new non-banking finance company (NBFC) 2. Transfer of shareholding, direct or indirect, of 25 per cent and above, change in control, merger or acquisition of any registered NBFC will require prior approval of the Reserve Bank. 3. Tier-I capital for capital to risk weighted assets ratio (CRAR) purposes would be specified at 12 per cent to be achieved in three years for all registered deposit-taking and non-deposit-taking NBFCs. 4. NBFCs would be subject to regulations similar to banks while lending to stock brokers and merchant banks and similar to stock brokers, as specified by the Securities and Exchange Board of India (SEBI) a. 1 b. 2 c. Only d. Only 1 Ans: d 16. Which Indian PSU bank in tune with its plans to expand its retail division in the UK entered the mortgage market in the country for the first time? & & 4 4 4 during financial 2010-11 2011-12 accounts bank National of of India Bank India Bank National of India Bank Bank

a. Punjab b. Oriental c. State d. Indian Overseas Bank Ans: c

National Bank bank of of

Bank Commerce India

17. Which of the following banks set up two loan processing centres for the small and medium enterprise (SME) segment on a pilot basis in Bangalore & in New Delhi in September 2011? a. Corp b. United c. Syndicate d. Bank of Baroda Ans: c 18. The government suspended M Ramadoss for alleged violations in issuing insurance cover to an airline during his stint as head of another state-run insurer. To which insurance group did he belong to? a. New b. LIC c. GIC d. ICICI Insurance Ans: a 19. Which of the following banks in early May 2011 entered into a tie-up with non-banking finance companies such as Future Capital, Bajaj Finance, and Reliance Capital to grow its retail portfolio? a. Central b. State c. Bank d. HDFC Bank Ans: a 20. Which are the two Gujarat-based cooperative sector lenders on which Reserve bank of India imposed a financial penalty of Rs 1 lakh each for violation of various rules, including anti-money laundering guidelines? 1. 2. 3. 4. Shree MahalaxmiMercantile Rander People's Abad District Ahd Mercantile Co-Op Bank Ltd & & & Co-operative Co-operative Op Bank Bank Bank Bank Bank of of of India India India India Assurance Bank of Bank India Bank

Co

a. 1 b. 2 c. 1 d. 3 & 4 Ans: (a)

2 3 4

CWE IBPS Sample Paper of Computer Knowledge

1. When you are selecting a mouse for a particular computer system, what is the most important consideration? (1) The type of drivers that come with the mouse (2) The length of the mouse cord (3) The type of connector the mouse is equipped with (4) The number of buttons the mouse has (5) Ans: 2. How is power supplied to a low-power USB device? (1) Through a power cable (2) From an external power supply (3) Directly from the computer's power supply (4) Through the USB cable (5) Ans: 3. All of the following are basic principles of net works, except (1) each computer must have a network card (2) there must be communications media connecting the network hardware devices (3) there must be at least one connecting device (4) each computer must have software that supports the movement of information (5) Ans: 4. The .data mining technique derives rules from real-world case examples. None of these (2) None of these (4) None of these (3)

(1) Rule discover (2) Signal processing (3) Neural nets (4) Case-based reasoning (5) Ans: 5. .are used to identify a user who returns to a Website. None of these (3)

(1) Cookies (2) Plug-ins (3) Scripts (4) ASPs (5) Ans: (1) None of these

General awareness
1) This agency issued guidelines on distance marketing of products on 6 April 2011 to protect the interest of people who buy policies over phone or Internet. Identify the agency. a. b. c. d. DoT SEBI IRDA TRAI

2) In India s first sale of rupee perpetual bonds by a non-finance company Rs 1500 crore ($332 million) was raised. Name the non-finance company. a. b. c. d. Maruti Suzuki Tata Pantallons Steel Retail RIL

3) Which of the following Indian cricket players took the highest number of wickets in the recently concluded ICC World Cup 2011 along with Pakistan s Shahid Afridi? a. b. c. d. Harbhajan Singh Yuvraj Zaheer Munaf Singh Khan Patel

4) Union Sports Ministry on 6 April 2011 formed a committee to fine-tune the draft National Sports Development Bill. Who is heading the committee? a. Justice b. Justice c. Justice d. Justice Jaswant Singh Phogat Mukul Tej Pratap Gurdev Singh Mudgal Mann Singh

5) Name the cricketer who beat Michael Clarke by a comfortable 15-vote margin to bag the Allan Border Medal besides being named Australia s ODI Player of the Year in Feb 2010? a. b. c. d. Sachin Tendulkar Shane Simon Mitchell Watson Katich Johnson

6) Record food grain production helped to reduce food inflation to a four month low for the week ending 26 March 2011. What was the inflation percentage for the week? a. b. c. d. 9.36% 7) Praveen Kumar Tripathi took over as the Chief Secretary of which of the following governments on 4 April 2011? a. b. c. Uttar d. Uttarakhand Government Delhi Haryana Pradesh Government Government Government 9.18% 9.25% 9.21%

8) The Union Government gifted a Kendriya Vidyalaya to a nondescript village Indrapura to which of the following Indian states? a. b. c. d. Madhya Pradesh Bihar Odisha Rajasthan

9) The Supreme Court on 5 April 2011 passed an order to lift iron export ban imposed by which of the following Indian states on 26 July 2010 and also ordered it to implement the new rules for regulating iron ore mining and transportation? a. b. c. d. Odisha Tamil Andhra Nadu Pradesh Karnataka

10) To enhance credit worthiness of economically weaker sections and LIG households, a Mortgage Risk Guarantee Fund was announced to be created under which of the following scheme or Yojana? a. Rajiv b. Rajiv Gandhi c. Indira d. Mahatama Gandhi NREGA Awas Grameen Awas Vidyutikaran Yojana Yojana Yojana

11) Which agency issued guidelines on distance marketing of products on 6 April 2011 to protect the interest of people who buy policies over phone or Internet? a. b. c. d. DoT SEBI IRDA TRAI

12) Buyer's Credit was launched by the Commerce and Industry Minister, Anand Sharma, on 6 April 2011 to boost project exports from India. Under which of the following was Buyer s Credit launched? a. b. National Export-Import Export Bank Insurance of Account India

c. Export d. Reserve Bank of India

Credit

Guarantee

Corporation

of

India

13) Read the two statements mentioned with regard to the budgetary allocations for addressing environmental concerns. 1. The budget proposed that the solar lantern used in far-flung villages will attract no duty from 10 per cent charged earlier. 2. To provide green and clean transportation for the masses, National Mission for Hybrid and Electric Vehicles will be launched in the year 2011 in collaboration with all stakeholders. Which of them is true? a. b. c. d. None of the above Only Only 1 1 2 2

Both

&

14) 21 year old Marjan Kalhor is the first Iranian woman to have entered an Olympic event. She is a participant in the 2010 Winter Olympics that began in Vancouver on 12 Feb 2010. Which sport is she associated with? a. b. c. d. Bobsleigh Ski put Cycling

Shot

15) With his victory in the men s large hill ski jump on 20 Feb 2010 at the Vancouver Olympics, he became the first person to win four individual gold ski jumping medals. Name this sportsperson. a. Simon b. Ahonen c. Alexander d. Bardal Anders (Norway) Ammann Janne Nicholas (Switzerland) (Finland) (USA)

16) The Indian Government in April 2011 issued a notice to which of the following companies to terminate licences for Kerala, West Bengal and Assam for delay in roll- out of services in these three circles? a. b. c. d. BSNL Sistema Tata Shyam Teleservices Teleservices Reliance

17) Which Italian luxury sports car makers on 6 April 2011 announced its entry into the Indian market where it will sell its high-performance cars priced between Rs1.20 crore and Rs1.43 crore? a. b. c. d. Maybach Maserati Bentley Martin

Aston

18) Who did HDFC Bank, the country's second-largest private sector lender appoint in March 2011 to head its investment banking division?

a. b. c. d. Atul Singh

Rakesh Charul Gaurav

Singh Madan Khungar

19) Gangaur, a festival which marks the union of Lord Shiva and his consort, Goddess Parvati is celebrated for 18 days from the day after Holi in which of the following Indian states? a. b. c. d. Uttaranchal Rajasthan Karnataka Nadu

Tamil

20) Read the following statements with regard to the allocation in the Educational sector as proposed by Union Budget 2011-12. 1. For Sarva Siksha Abhiyan the allocation was increased by 40 percent to 21000 crore rupees. 2. All institutions of higher learning will be connected through optical fibers by March 2012. 3. 500 crore rupees was proposed to be provided for national skill development fund. 4. For the needy scheduled castes ad scheduled tribe candidates studying in class-IX and Xth pre-matric scholarship scheme was proposed to be introduced. Which of the above mentioned statements is not true? a. b. c. d. 4 1 2 4

&

21) Scientists recently developed a computer that could be controlled by the power of thought. It would help people unable to speak or move. What is the name of the technology which they used to develop this kind of computer? a. b. c. d. flash lite electrocortiography C++ java

symbian

22) Which of the following companies bought the Pringles brand from Procter & Gamble Co for $1.5 billion? a. b. c. d. Kettle Potato Chips Diamond PepsiCo's Emerald Foods Inc Frito-Lay Nuts

23) Online marketplace eBay India, in association with leading apparel brand Reebok auctioned a bat autographed by Indian cricketer Mahendra Singh Dhoni. The proceeds of the auction will go to which of the following NGOs? a. b. c. d. UNEM Oxfem CRY Union

All

Bengal

Women s

24) Which Indian hockey player was in April 2011 named captain of the Indian Hockey team the upcoming Sultan Azlan Shah Cup scheduled to be played in Malaysia from 5-15 May 2011? a. b. c. d. Mohd. Amir Khan Bharat Arjun Rajpal Kumar Halappa Singh Chetri

25) Under the Godfrey Phillips Zonal Bravery Awards given away by the former ruler of Jodhpur, Gaj Singh in Jaipur on 5 April 2011, which of the following NGOs was honoured with the Amodhini Award of Rs.1 lakh? a. b. Charities c. d. Akhil Bharatiya Vanavasi Kalyan Ashram Udyogini Foundation CRY

Aid

26) The Basic Customs Duty exemption was proposed to be extended to which of the following sectors? a. art and antiquities for b. Cinematographic c. syringes d. agricultural machinery exhibition film, or display in private factory-built and art galleries ambulances needles

27) A massive Tsunami caused by a devastating earthquake of the 8.9 magnitude hit about 400 km north-east of Tokyo, capital of Japan. Where is the Pacific Tsunami Warning System headquartered? a. b. c. d. Jakarta Hawai Tokyo Manila

28) Which of the following companies announced on 6 April 2011 that it won contract to provide broadband internet connectivity to Indian Railways through state-run RailTel Corp of India Ltd? a. b. c. d. HCL Infosystems DEL IBM Infosys

29) Which super luxury carmaker on 7 April 2011 unveiled Continental GT sedan in India? a. b. c. d. Maserati 30) What amount of money was allocated for Bharat Nirman? a. b. c. d. 14362 crore 1000 58000 55438 crore crore crore Ferrati Bentley Maybach

31) Who defeated Tamarine Tanasugarn on 15 Feb 2010 to retain the Pattaya Open title? a. Vera b. Sabine c. Ayumi d. Kimiko Date Krumm of Japan Zvonareva Lisicki Morita of of of Russia Germany, Japan

32) A massive Tsunami caused by a devastating earthquake of the 8.9 magnitude hit about 400 km north-east of Tokyo, capital of japan. What are the possible factors which can cause Tsunami? i)An ii) iii) A iv) Impact by a meteorite Please choose the right option a. b. c. d. i and iv only i, i ii ii, and and iii ii iii and iv only only Earthquake landslide explosion

A volcanic eruption or

33) Which of the following Indian cricket is the most heavily insured player for the forthcoming Indian Premier League (IPL) 4 T-20 tournament which begins on 8 April 2011? a. b. c. d. Virender Sehwag Sachin Yuvraj M S Tendulkar Singh Dhoni

34) The Union Budget for 2011-12 proposed lowering of qualifying age for tax relief for senior citizens from 65 years to _? a. b. c. d. 62 55 58 60

35) Finance Minister Pranab Mukherjee proposed to increase the Income Tax Exemption Limit for individual tax payers from 1 lakh 60 to _? a. 1 b. 1 c. d. 2 lakh 20 thousand lakh lakh 2 80 90 thousand thousand lakh

36) Noted Social worker Anna Hazare on 5 April 2011 started his hunger strike at Jantar Mantar in New Delhi to protest against the reported delay in bringing in which of the following bills to effectively deal with corruption? a. Lokpal b. The Competition c. The Airports Economic Regulatory d. The Appropriation (No.3 ) Bill 37) Who became the world number one badminton player? Bill Bill Bill

(Amendment) Authority of

India

a. b. c. d. Wang Shixian

Saina Wang Sania

Nehwal Xin Mirza

38) When is the National Youth Day observed? a. b. c. d. January 12 39) What is Tejas? a. b. c. d. Light combat aircraft 40) Who is the Chairperson of the Central Board Film Certification? a. b. c. d. e. None of these Sharmila Karan Nafisa Om Tagore Johar Ali Puri Spacecraft Missile Submarine January February August 14 14 31

41) Ali Akbar Salehi is the foreign minister of a. b. c. d. Indonesia 42) Who is the new chief of Research and Analysis Wing (RAW)? a. b. c. d. BK Gupta AP Arun Sanjeev Singh Shourie Tripathi Israel Iran Afghanistan

43) According to an extensive genetic study on modern humans, two conclusions were drawn out. i) There is an enormous amount of diversity in the African hunter-gatherer populations. ii) The genetic diversity among 27 present-day African populations originated in southern Africa and progressed to northern Africa. Which of the above statements is/are correct? a. b. c. d. Only ii Both Neither i I Only and and ii ii i

44) Which one of the following Indian states recently released a Braille version of the RTI (Right to Information) Act and its rules for the benefit of visually challenged?

a. b. c. d. Madhya Pradesh

Gujarat Bihar Haryana

45) Roger Federer won his fourth Australian Open Tennis Championship and 16th Grand Slam on 31 Jan 2010. Who did he defeat in the final of the Australian Open 2010? a. b. c. d. Rod Laver Rafael Andy Fred Nadal Murray Perry

46) Which of the following Bollywood Actress won the Best Actress trophy at the 13th London Asian Film Festival for her performance in Onir s I AM? a. b. c. d. Konkona Sen Sharma 47) In tiger census 2010, i) Pugmarks were used as the only indicator of tiger numbers. ii) An advanced Scientific process was adopted which included video trapping and use of satellite data. Which of the above statements is/are incorrect? Choose the right option: a. Only b. Only c. Both i d. Both i and ii are not incorrect i ii and is is ii are incorrect incorrect incorrect Nandita Juhi Das Chawla Tabu

48) India defeated Pakistan by 29 runs in the semi finals of the ICC World Cup 2011 played at Mohali. Who was declared man of the match of the high powered game? a. b. c. d. Wahab Riaz Saeed Sachin Munaf Ajmal Tendulkar Patel

49) Which of the following bodies put off indefinitely the new rules governing unwanted telemarketing calls which were supposed to be implemented from 21 March 2011? a. Department b. Telecom Regulatory c. Indian Ministry d. HRD Ministry of of Telecommunication Authority of India communication & (DoT) (TRAI) Technology

50) The Indian government in March 2011 conferred the Miniratna status on which of the following PSUs? a. National b. Air c. Cement d. HMT Machine Tools Ltd Small Industries India Corporation Corporation Charters of (NSIC) Ltd India

Answers: 1) B 2) A 3) B 4) A 5) A 6) A 7) A 8) C 9) C 10) A 11) B 12) A 13) B 14) A 15) A16) A 17) C 18) A 19) A 20) B 21) A 22) A 23) B 24) A 25) A 26) A 27) A 28) D29) B 30) B 31) A 32) A 33) C 34) C 35) A 36) A 37) B 38) D 39) D 40) A 41) B42) C 43) A 44) A 45) B 46) B 47) A 48) B 49) B 50) A