IBPS GENERAL AWARENESS EXPECTED PRACTICE MCQs

1. Who among the following never discharged the duties as the Governor of Reserve Bank of India?
1) Man Mohan Singh
2) M. Narasimham
3) P.Chidambaram
4) R. N. Malhotra
5) Dr. Bimal Jalan

2. On 5th October 2012, World Bank agreed to provide loan of $ 500 million to India for?
1) Infrastructure projects in the Southern Part of Western Ghats.
2) Upliftment of poor people residing in Andaman Nicobar Islands.
3) Repairing the old dams in the Coastal parts of Karnataka.
4) Providing the water to the region of Bhundelkand.
5) Secondary Education Project named Rashtriya Madhyamik Shiksha Abhiyan (RMSA).

3. On 16th October 2012, an Indian-American Banker Vikram Pandit resigned as the CEO of ?
1) BNP Paribas Group
2) ICICI Group
3) Axis Group
4) Federal Bank Group
5) Citi Group

4. Citi Bank headquarters is at ?
1) Mexico City
2) Paris
3) New York
4) Tokyo
5) Tel Aviv

5. In the minting of Rs. 500 and Rs. 1000 paper currency, RBI uses OVI. OVI means?
1) Oval Variation Ink
2) One Variation Ink
3) Optically Value Ink
4) Optically Variable Ink
5) None

6. Alvin Roth and Lloyd Shapley were conferred with Noble Prize 2012 in the field of?
1) Economics
2) Physics
3) Medicine
4) Chemistry
5) Peace

7. Days list given. Pick the incorrect one.
1) International Day of the Older Persons - 1 October
2) World Habitat Day - First Monday of October every year
3) UN International Day for National Disaster Reduction - 13 October
4) World White Cane Day (Guiding the Blind) - 16 October
5) International Day for the Eradication of Poverty -17 October

8. List of Bird sanctuaries in India given. The wrong combination is?
1) Bharatpur Bird Sanctuary - Rajasthan
2) Ranganathittu Bird Sanctuary - Kerala
3) Kolleru Lake Bird Sanctuary - Andrha Pradesh
4) Vedanthankal Lake Bird Sanctuary - Tamilnadu
5) Jayakwadi Bird Sanctuary - Maharashtra



9. National Mineral Development Corporation (NMDC) details are given. Pick the wrong one.
1) NMDC head office is in Hyderabad
2) It is the single largest iron ore producer and exporter of India
3) It has only mechanized diamond mine in the country at Panna, Madhya Pradesh
4) It has been categorized by the Department of Public Enterprises as 'MahaRatna'
5) None

10. Which two Tennis Players were banned by the AITA (All Indian Tennis Association) for two years?
1) Leander Paes and Vishnu Vardhan
2) Sania Mirza and Mahesh Bhupathi
3) Mahesh Bhupati and Rohan Bopanna
4) Leander Paes and Sania Mirza
5) Rohan Bopanna and Sania Mirza

11. Which bank was imposed Penalty of Rs. 55 Lakh by RBI on 11th October 2012, for contravention of directions and instructions issued on KYC norms?
1) Bank of Baroda
2) State Bank of Hyderabad
3) ING Vysya Bank
4) Oriental Bank of Commerce
5) Union Bank of India

12. National Bank for Agriculture and Rural Development (NABARD) established on?
1) 12 July 1981
2) 12 July 1992
3) 12 July 2002
4) 12 July 1982
5) 12 July 2001

13. Which bank was under the obligation for facilitating credit flow for promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts?
1) SBI
2) NHB
3) NABARD
4) HDFC
5) IDBI

14. Which bank also called Agriculture Apex Development Bank?
1) RBI 2) Co-operative Bank
3) NABARD
4) SBI
5) None

15. NABFINS means?
1) NBFC Financial Services Limited
2) NABARD Financial Securities Limited
3) NABARD Financial Services Loan
4) NABARD Financial Services Limited
5) None

16. Statements relating to states given. Pick the wrong combination.
1) Haryana declared to launch Livestock Mission
2) Odisha establishes Hardware Technology Incubation Laboratory at Bhubaneswar
3) Emerging Kerala 2012 hosted by Kochi town in Kerala
4) Haryana is the first state to launch Rs. 1 per KG rice scheme
5) Goa former CM Digambar Kamat was indicted in illegal mining scam

17. Which among the following books not written by Kuldeep Nayar?
1) Between the lines
2) Without Fear: The Life and Trial of Bhagat Singh
3) Truth, Love and a Little Malice
4) The Judgment: Inside story of the emergency in India
5) Beyond the Lines

18. CENVAT means?
1) Central Value Average Tax
2) Central Value Added Tag
3) Central Value Added Tax
4) Central Value Age Tax
5) None

19. The recent appointments/ elected personalities list given. Pick the correct statement.
1) Gurung Bimal Gurung - Gorkhaland Territorial Administration
2) Anil Kumble - Chairman of ICC's Cricket Committee
3) Praveen Mahajan - Chair Person of Central Board of Excise and Customs
4) Hugo Chavez has been re-elected as the President of Venezuela
5) All of above

20. Expand OECD?
1) Organization for Economic Coalition and Development
2) Orientation for Economic Cooperation and Development
3) Organization for Eco Cooperation and Development
4) Organization for Economic Cooperation and Duality
5) Organization for Economic Cooperation and Development

21. Between 16-19 October 2012, 4th OECD World Forum on statistics, knowledge and policy hosted by?
1) Bangalore
2) New Delhi
3) Pune
4) Hyderabad
5) Jaipur

22. Letter of Credit means?
1) Letter of the bank giving to Customer that his Loan was granted.
2) Letter from a bank, guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount.
3) Letter to the Public Sector Banks by Reserve Bank of India telling that they got credit from RBI.
4) Letter from the government to RBI to provide temporary loan to it.
5) None

23. Foreign banks operating in India must give ..... percent of Net Bank Credit (NBC) to Export Credit.
1) 12
2) 25
3) 15
4) 50
5) 18

24. Expand SARFAESI.
1) Securitisation and Realisation of Financial Assets and Enforcement of Security Interest
2) Suitable and Reconstruction of Financial Assets and Enforcement of Security Interest
3) Stock and Reconstruction of Financial Areas and Enforcement of Security Interest
4) Securitisation and Reconstruction of Financial Assets and Equipment of Security Interest
5) Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest

25. Central Bank of USA is ....
1) Bank of America
2) Citi Bank
3) Federal Reserve
4) Reserve Bank of USA
5) Obama Bank

26. Aam Admi Bima Yozana (AABY) announced on 2nd October 2008, provides the insurance if the bread winner in the family dies or disabled in the rural area. Who administers this scheme?
1) LIC
2) State Governments
3) UNO
4) ASHA
5) WHO

27. List of Awards given. Find out the wrong combination.
1) Yuri Milner Fundamental Physics Prize - Ashok Sen
2) Nayudamma Award - Anji Reddy
3) Mexican Order of the Aztec Eagle - Dr.R.K.Pachauri
4) Karen Harvey Prize 2012 - Dibyendu Nandi
5) Lifetime Achievement Award by the Rockfeller Foundation - Ratan Tata

28. Which Committee has recommended deregulation of the sugar sector, by giving freedom to mills to sell sugar in the open market on 12th October 2012?
1) Subhir Gokaran
2) Chaturvedi
3) C.Rangarajan
4) Vijay.C.Kelkar
5) None

29. In the Global Hunger Index, India's rank is?
1) 60
2) 62
3) 58
4) 65
5) 70

30. 'Bijli - Paani Satyagraha' is the protest launched by?
1) Anna Hajare
2) Arvind Kejriwal
3) Vandana Siva
4) Prashanth Bhushan
5) Swami Vivekananda

ANSWERS:

1-3; 2-5; 3-5; 4-3; 5-4; 6-1; 7-4; 8-2; 9-4; 10-3;
11-3; 12-4; 13-3; 14-3; 15-4; 16-4; 17-3; 18-3; 19-5; 20-5;
21-2; 22-2; 23-1; 24-5; 25-3; 26-1; 27-2; 28-3; 29-4; 30-2.