IBPS General awareness Questions and Answers For PO RRB Clerks Bank Exams PDF Material Quiz Test 12

IBPS General awareness Questions and Answers For PO RRB Clerks Bank Exams Test 12

General knowledge / general awareness Questions and Answers in Banking IBPS SBI PO Clerical and RRB

1. Percentage of a consumer's monthly gross income that goes toward paying debts is called .....

Debt -to- Income Ratio

Budget-to-saving Ratio

Collection-to-Debt Ratio

Percentage-to-Valid Ratio

None

2. Deferred Payment means .....

payment paid on date

payment never paid

payment paid in the advance on request

payment postponed until a future date

None

3. If a debt not paid when due is called ......

Dormant

Pay off

Pre payment

Delinquency

Redlining

4. Tagore Award for Cultural Harmony 2013 conferred on .......

Nelson Mandela

Harshwanti Bisht

Abdul Kalam

Sugathakumari

Zubin Mehatha

5. Which of the following statement is wrong relating to GIRO transfer?

GIRO transfers are familiar in European countries. Now these are becoming famous in India also.

GIRO used as an effective way for companies to receive payments from foreign customers.

First GIRO transaction done in USA military service in 1975.

The transfer can be done either through the mail or online

None

6. The GIRO arrangement can be done by requesting the bank to make on time payment to the billing organization by the due date. This includes the payment of ....

Telephone bills

Credit card dues

Utility bills

Taxation bills

All of above

7. Report of the Committee to study the feasibility of implementation of GIRO based payment system in India headed by ....

Ratna Prabhakar

H.R. Khan

G. Padmanabhan

C. Ranga Rajan

None

8. For improving the payment and settlement systems, RBI declared ...

Vision statement for Payment Systems in India (2012-15)

Vision statement for Payment Systems in India (2010-20)

Vision statement for Payment Systems in India (2015-25)

Vision statement for Payment Systems in India (2012-20)

Vision statement for Payment Systems in India (2010-14)

9. Which account refers to an arrangement where assets or revenue streams are held in the safe custody of a Bank as safety against a situation when a contract is not fulfiled?

Nostro account

No frill account

Escrow account

Clearing account

None

10. The advantage of Escrow account ....

more security and comfort

compliance with regulatory requirements

safe custody of cash/ documents

easy monitoring

All of above

11. The Escrow accounts familiar in the use of..

buy back shares

take over of the companies

purchase and sale of land

project financing

All of above

12. Mario Draghi (Italy) is the president of....

Asian Development Bank ADB

World Bank

European Central Bank

IMF

None of these

13. Recent measures taken by RBI or government of India to curb the gold imports given. Pick the wrong option.

banning the import of gold in the form of coins and medallions declared on 14 August 2013

hikes import duty on gold to 10 percent on 13 August 2013

a person can not buy more than the weight of 100 grams of ornaments in a day as declared on 13 August 2013

customs duty on gold bars, ore or concentrate increased to 8 percent on 13 August 2013

RBI moves to tighten gold imports again, making them dependent on export volumes on 22 July 2013

14. On 15 July 2013 RBI imposed fines of around 49.5 crore on 22 banks .....

for violating the Rules of Loan allotment

for violating of capital infusion rules

for violating branch hoarding rules

for violating ATM server rules

for violating the KYC norms

15. On 26 August 2013, Seven member Tax reform commission set up under the chairman ship of ......

Aravind Mayaram

Montek Singh Ahluwalia

T.K.Partha Sarathy

Raghuram Rajan

Parthasarathy Shome

16. For removing the ambiguity and establish a stable and non-adversarial tax administration, Union Cabinet agreed to set up TARC on 13 August 2013. TARC means ....

Tax Administration Reform Commission

Tax Administration Relief Commission

Tax Admission Reform Commission

Tax Administration Roll Committee

None

Score =

Correct answers:

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