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IBPS BANK EXAM :: IBPS BANK EXAM TEST 4

  1. Like telephone / Mobile number portability, the Ministry of Finance / RBI is now also considering to provide bank account number portability to bank customers. Which of the following would it mean ?
  2. A.

    Any customer / account holder can withdraw cash from any other Bank through his / her own cheques drawn on other bank even without ATM

    B.

    Any borrower can draw funds from his / her loan account from any other bank also

    C.

    The account number of any account holder will remain the same even if he / she is getting his / her account transferred to another bank also

    D.

    Bank customers would have the facility of mobile Banks to withdraw cash nearby his / her place

    E.

    None of these


  3. The total number of Kisan Credit Card holder farmers in our country is ____________
  4. A.

    8 Crores

    B.

    10 Crores

    C.

    5 Crores

    D.

    7.5 Crores

    E.

    6 Crores


  5. NRE deposit is ________
  6. A.

    Non Resident External deposit

    B.

    Non Resident Exchange deposit

    C.

    Non Resident Extra deposit

    D.

    Non Refundable External deposit

    E.

    Non Resident Extended deposit


  7. What is offshore banking?
  8. A.

    It is bank located in the sea (i.e island)

    B.

    It is a bank located in SEZ

    C.

    It is a bank located in neighbouring country

    D.

    It is a bank located outside the country of residence of the depositor

    E.

    offshore banking is basically dealing in foreign exchange


  9. Interest on savings bank account is now calculated by banks on 
  10. A.

    minimum balance during the month

    B.

    minimum balance from 7th to last day of the month

    C.

    minimum balance from 10th to last day of the month

    D.

    miximum balance during the month

    E.

    daily product basis


  11. The third International Conference of the Trade Unions was organized in June 2011 in ________
  12. A.

    Vienna

    B.

    Moscow

    C.

    London

    D.

    Paris

    E.

    Berlin


  13. Mullaperiyar Dam which was recently in news, is located in which of the following States ?
  14. A.

    Maharashtra

    B.

    Karnataka

    C.

    Andhra Pradesh

    D.

    Kerala

    E.

    Tamill Nadu


  15. A centralized database with online connectivity to branches, internet as well as ATM network which has been adopted by almost all major banks of out country is known as __________
  16. A.

    investment banking

    B.

    core banking

    C.

    mobile banking

    D.

    national banking

    E.

    specialized banking


  17. The Government of India recently decided to lift four years old ban on export of wheat. "What was the reason for the same" ?

    (A) India had a bumper crop of wheat in last two years. Hence it has excess stock of wheat.

    (B) As per the Food Security Act India is bound to provide 10 million tones of wheat to World Food Grain stock every year. India defaulted last year. This year it does  not want to be one.

    (C) As advised by the Supreme Court of India, the money received from export should be used to pay subsidy to the farmers.


  18. A.

    Only (B)

    B.

    Only (A)

    C.

    Only (C)

    D.

    Both (A) and (B)

    E.

    All (A), (B) & (C)


  19. Which of the following is not considered a money market instrument ?
  20. A.

    Treasury bills

    B.

    Repurchase Agreement

    C.

    Commercial paper

    D.

    Certificate of Deposit

    E.

    Shares and bonds