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TEST YOUR BANKING AWARENESS(Previous Papers based on memory)
Set 01 IBPS BANK PO/MT CWE Held on: 18.09.2011
Set 02 IBPS BANK CLERK CWE Held on: 27.11.2011(1st Sitting; East Zone)
Set 03 IBPS BANK CLERK CWE Held on: 27.11.2011(2nd Sitting; West Zone)
Set 04 IBPS BANK CLERK CWE Held on : 27.11.2011(2nd Sitting; North Zone)
Set 05 IBPS BANK CLERK CWE Held on : 27.11.2011 (1st Sitting; South Zone)
Set 06 IBPS BANK CLERK CWE Held on : 04.12.2011 (1st Sitting; Eastern Zone )
Set 07 IBPS SPECIALIST OFFICER CWE Held on: 11.03.2012
Set 08 IBPS BANK PO/MT CWE Held on: 17.06.2012
Set 09 IBPS RRBs OFFICE ASSISTANT CWE Held on: 09.09.2012
Set 10 IBPS BANK CLERK ONLINE CWE-II Held on: 16.12.2012 (Morning Shift)
Set 11 IBPS RRB CLERK ONLINE CWE Held on: 29.09.2013
Set 12 IBPS CLERK ONLINE CWE-III Held on: 14.12.2013

1) Which one of the following banks was nationalized in the second wave of nationalization in 1980?View Explanation
(1)  Central Bank of India
(2)  Bank of India
(3)  Syndicate Bank
(4)  Corporation Bank
(5)  Bank of Maharashtra
2) Who among the following is a Deputy Governor of the Reserve Bank of India?View Explanation
(1)  Abhijit Sen
(2)  Mihir Shah
(3)  K. Kasturirangan
(4)  H.R. Khan
(5)  Arun Maira
3) What is the term for inflation when the general price level increases at the rate of about 5-6% per annum?View Explanation
(1)  Creeping inflation
(2)  Walking inflation
(3)  Running inflation
(4)  Hyperinflation
(5)  Galloping inflation
4) Which of the following is a quantitative credit control policy of the Reserve Bank of India?View Explanation
(1)  Margin requirements
(2)  Moral suasion
(3)  Bank rate
(4)  RBI guidelines
(5)  Direct action
5) The Cheque was first introduced in India by which of the following banks?View Explanation
(1)  Bank of Hindustan
(2)  State Bank of India
(3)  Bank of India
(4)  Punjab National Bank
(5)  None of these
6) Which of the following is a type of indirect security?View Explanation
(1)  Mutual Funds
(2)  Ordinary Shares
(3)  Debentures
(4)  Preference shares
(5)  Innovative Debt Instruments
7) Which of the following is not a technique/tool/instrument of money/credit control by the Reserve Bank of India?View Explanation
(1)  Open Market Operations
(2)  Bank Rate
(3)  Liquidity Adjustment Facility
(4)  Refinance
(5)  Monopoly to issue currency notes
8) Which of the following does not aptly describe a Demand Draft in India?View Explanation
(1)  It is a type of cheque
(2)  It is an Account payee instrument
(3)  In case of Demand drafts, the drawer is a bank
(4)  The principle of Cheque Clearing does not apply to it
(5)  None of these
9) Which of the following is not correct regarding ‘cheque’ in banking?View Explanation
(1)  It is a type of bill of exchange
(2)  It is a non-negotiable instrument
(3)  There are four main items on a cheque
(4)  Parties to regular cheques generally include a drawer and a payee
(5)  Cheques have been in decline for some years, both for point of sale transactions and for third party payments
10) The balance sheet of a bank comprises of two sides; the assets side and the liabilities side. Which one of the following items comes under the side of ‘Assets’?View Explanation
(1)  Subscribed capital
(2)  Acceptance and endorsements
(3)  Money at call and short notice
(4)  Bills for collection
(5)  Paid-up Capital
11) Which one of the following can be described as a secondary function of commercial banks in India?View Explanation
(1)  Overdraft facilities
(2)  Discounting Bills of Exchange
(3)  Money at Call
(4)  Purchase and Sale of Securities
(5)  Remittance of Funds
12) Which of the following are the essential facilities/benefits provided by a Demat account to an individual to trade the securities in the stock market?View Explanation
(1)  It reduces brokerage charges
(2)  It makes pledging/hypothecation of shares easier
(3)  It enables quick ownership of securities on settlement resulting in increased liquidity
(4)  It avoids confusion in the ownership title of securities
(5)  All of these
13) Which of the following is not one of the major charges usually levied on a Demat account?View Explanation
(1)  Account opening fee
(2)  Annual maintenance fee
(3)  Annual fee for spot conversions of one currency into another
(4)  Custodian fee
(5)  Transaction fee
14) The Securities and Exchange Board of India (SEBI) has introduced a new type of Demat Account called “Basic Services De-mat Account (BSDA) . Which of the following is one of its features?View Explanation
(1)  Individuals are eligible to have multiple BSDA account across all depositories
(2)  Investors will receive transaction statement on annual base
(3)  Investors can avail at least two delivery instruction slip during account opening
(4)  Investors can avail SMS alert facility for credit transactions
(5)  If investors account have zero balance and no transactions during the year then will receive no annual statement
15) Which of the following does not aptly describe Demat Account in India?View Explanation
(1)  It refers to a dematerialized account for individual Indian citizens to trade in listed stocks or debentures in paper form
(2)  It is required for investors by the Securities and Exchange Board of India (SEBI)
(3)  In a Demat account, shares and securities are held electronically
(4)  This account is opened by the investor while registering with an investment broker
(5)  Access to the Demat account requires an internet password and a transaction password
16) Which among the following subsidiaries of the State Bank of India, which were nationalized in 1960, has now been merged with SBI?View Explanation
(1)  State Bank of Bikaner and Jaipur
(2)  State Bank of Hyderabad
(3)  State Bank of Patiala
(4)  State Bank of Saurashtra
(5)  State Bank of Travancore
17) In banking, Mobile Banking refers to the performance of which of the following services through a mobile device?View Explanation
(1)  Balance checks
(2)  Account transactions
(3)  Payments
(4)  Credit applications
(5)  All of these
18) Which of the following is not correct regarding SMS Banking?View Explanation
(1)  It is operated through Pull messages
(2)  One-Time password (OTP) is a type of pull message
(3)  Most SMS banking solutions are add-on products
(4)  The lack of encryption on SMS messages is an area of concern
(5)  None of these
19) For which of the following debt instruments, not having a fixed rate of interest over the life of the instrument, can ‘Floating Interest Rate’ be applied?View Explanation
(1)  A loan
(2)  A bond
(3)  A mortgage
(4)  A credit
(5)  All of these
20) A unique function of the bank is to create credit. Which of the following factors do not determine the credit creation power of banks?View Explanation
(1)  Amount of Cash Reserve in the Country
(2)  Cash Reserve Ratio
(3)  Special Drawing Rights
(4)  Monetary Policy of the Central Bank
(5)  Willingness of Customers to Borrow
21) The Reserve Bank of India reduced which of the following rates by 25 basis points in October 2012?View Explanation
(1)  Repo rate
(2)  Cash Reserve Ratio
(3)  Statutory Liquidity Ratio and Repo Rate
(4)  Repo Rate and Cash Reserve Ratio
(5)  None of these
22) In banking, a Pay In Slip —View Explanation
(1)  Means a slip through which a person can deposit money in his account
(2)  Means a slip through which a person can issue cheque from his account
(3)  Is also called a withdrawal slip
(4)  Must essentially contain IFSC Code
(5)  None of these
23) Which one of the following is correct regarding the Note Issuing Authority of the Reserve Bank of India?View Explanation
(1)  Apart from the government, it has the authority/monopoly to issue currency notes other than one rupee notes/ coins
(2)  One rupee notes/coins and coins of smaller denominations are put into circulation by the Central government
(3)  At present, the RBI issues notes in seven denominations
(4)  The functions of note issue and currency management is discharged by the RBI through its head office in Mumbai
(5)  None of these
24) Who among the following was never the Governor of Reserve Bank of India?View Explanation
(1)  Osborne Smith
(2)  James Braid Taylor
(3)  Montek Singh Ahluwalia
(4)  C.D. Deshmukh
(5)  D. Subbarao
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