IBPS Banking Awareness Question Answer for Clerk, PO, Specialist Officer Exam

Answers are in Bold

Bring out the only incorrect statement:

(A) Reserve Repo operation by RBI aims are injecting/increasing liquidity
(B) SDR refers to special drawing
(C) Rupee appreciation results in decrease in imports
(D) Increase in inflation rate leads to decline in real interest rate

What is a Repo Rate?

(A) It is a rate at which RBI sell government securities to banks
(B) It is a rate at which banks borrow rupees from RBI
(C) It is a rate at which RBI allows small loans in the market
(D) It is a rate which is offered by Banks to their most valued customers or prime customers
(E) None of these

Which of the following cannot be called as a Debt Instrument as referred in financial transactions?
(A) Certificate of Deposits
(B) Bonds
(C) Stocks
(D) Commercial Papers
(E) Loans

Whenever RBI does some Open Market Operation Transaction, actually it wishes to regulate which of the following?
(A) Inflation only
(B) liquidity in economy
(C) Borrowing powers of the banks
(D) Flow of Foreign Direct Investments
(E) None of these

The maximum amount of the total Revenue earned by the government of India comes from:
(A) Income Tax
(B) Customs Duty
(C) Excise Duty
(D) Value Added Tax
(E) Corporate Tax

In economics it is generally believed that the main objective of a Public Sector Financial Company like Bank is to:
(A) Employ more and more people
(B) Maximize total profits
(C) Maximize total production
(D) Provide financial service to the people of the nation of its origin across the country
(E) Sell the goods at subsidized cost

Capital Market Regulator is—


Which is the first Indian company to be listed in NASDAQ ?
(A) Reliance
(D) Infosys
(E) None of these

FDI refers to—
(A) Fixed Deposit Interest
(B) Fixed Deposit Investment
(C) Foreign Direct Investment
(D) Future Derivative Investment
(E) None of these

What is Call Money ?
(A) Money borrowed or lent for a day or over night
(B) Money borrowed for more than one day but upto 3 days
(C) Money borrowed for more than one day but upto 7 days
(D) Money borrowed for more than one day but upto 14 days
(E) None of these

The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form
(A) Reserve Bank of India
(B) Imperial Bank of India
(C) Bank of India
(D) Union Bank of
(E) None of these

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