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IBPS > Current Banking

Explore popular questions from Current Banking for IBPS. This collection covers Current Banking previous year IBPS questions hand picked by experienced teachers.

Q 1.

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According to Reserve Bank of India's latest study, which one of the following states ranks as the best performing state in most of the key fiscal parameters?

A

Gujarat

B

Kerala

Chhattisgarh

D

Odisha

E

None of these

Q 2.

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The Reserve Bank of India has power to print currency notes of up to Rs _________?

A

1,000

B

5,000

10,000

D

15,000

E

None of these

Q 3.

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The RBI has recently decided to withdraw from circulation of currency notes that had been issued before___?

A

2004

B

2006

2005

D

2008

E

None of these

Q 4.

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India on 2 January 2014 has signed a credit agreement of 160 million dollar with World Bank for the modernization of

A

Uttar Pradesh Road Sector

Rajasthan Road Sector

C

Bihar Road Sector

D

West Bengal Road Sector

E

None of these

Q 5.

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Which institution has been recognized by RBI recently to act as local operating unit for issuing globally compatible legal entity identifiers (LEI) in India?

A

FICCI

B

India Inc

Clearing Corporation of India Ltd.

D

Financial Stability Board

E

None of these

Q 6.

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A panel of Reserve Bank of India has suggested to set-up specialized banks to cater to the low income households and small businesses. These banks will ensure that every citizen have a bank account by 2016. The panel was headed by

A

Mukul Mudgal

Nachiket Mor

C

Raghuram Rajan

D

Bilal Nazaki

E

None of these

Q 7.

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Who has been appointed as the Managing Director and Chief Executive Officer of General India Life Insurance?

A

Arvind Mayaram

B

Santosh Hegde

C

JS Mathur

Munish Sharda

E

None of these

Q 8.

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The Bank of Japan (BOJ) and the Reserve Bank of India (RBI) recently agreed to expand the amount of the Bilateral Swap Agreement (BSA) to

A

15 billion dollars

B

35 billion dollars

50 billion dollars

D

75 billion dollars

E

None of these

Q 9.

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Who is the Governor of the Bank of Japan?

A

Matsukata Masayoshi

Haruhiko Kurodo

C

Toyotaro Yuki

D

Masaaki Shirakawa

E

None of these

Q 10.

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National Bank for Agriculture and Rural Development (NABARD) recently reduced the refinance rates for the banks and other lending agencies by 0.20 percent. The NABARD was established on the recommendation of which committee?

A

Narendran Commission

B

Mukherjee Commission

C

Justice Shah Commission

B Sivaraman Committee

E

None of these

Q 11.

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Reserve Bank of India (RBI) on 15 January 2014 included two countries in the sensitive list under FEMA Act, 2000. The countries in question are

A

Iran and China

Hong Kong and Macau

C

Syria and Sudan

D

Israel and Libya

E

None of these

Q 12.

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Reserve Bank of India on 20 January 2014 constituted an Expert Committee to Review Governance of Bank Boards in India. The expert committee will be chaired by?

A

Urjit R. Patel

B

HR Khan

C

KC Chakrabarty

PJ Nayak

E

None of these

Q 13.

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Recently, an Expert Panel on Monetary Framework set up by the RBI recommended to strengthen and revise the current monetary policy framework. The Expert Panel was headed by?

A

Raghuram G Rajan

B

Peter J. Montiel

C

Rupa Nitsure

Urjit Patel

E

None of these

Q 14.

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Recently RBI issued new guidelines on loan restructuring of Non-banking Financial Companies (NBFCs). The guidelines were based on the recommendation of which Committee?

A

Nachiket Mor Committee

B

Urijit Patel Committee

C

Bimal Jalan Committee

B Mahapatra Committee

E

None of these

Q 15.

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In international banking system, what does the TIBOR stands for ___?

Tokyo Interbank Offered Rate

B

Taiwan Interbank Offered Rate

C

Thailand Interbank Offered Rate

D

Tongling Interbank Offered Rate

E

None of these

Q 16.

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Which one of the following committees was set up by RBI to study the various issues relating to financial benchmarks?

A

Umesh Chandra

Vijaya Bhaskar

C

Urjit Patel

D

Subbu Rao

E

None of these

Q 17.

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Who among the following has been appointed new chairman of NABARD?

Harsh Kumar Bhanwala

B

Chandra Shekar

C

Hemanth Banswal

D

Amith Mishra

E

None of these

Q 18.

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Which of the following foreign banks has been granted license to start its banking operation in India, recently?

Doha Bank

B

Bank of Japan

C

Barclays Bank

D

Kookmin Bank

E

None of these

Q 19.

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Consider the following banks:
1. ABN Amro Bank
2. Barclays Bank
3. Kookmin Bank
Which of the following correctly represents their countries of origin?

A

Dutch, USA, Japan

B

Japan, USA, China

Dutch, UK, South Korea

D

Dutch, USA, China

E

None of these

Q 20.

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Who is the chairperson of State Bank Of India?

Arundhati Bhattacharya

B

Naina Lal Kidwai

C

Chanda Kochar

D

Shikha Sharma

E

None of these

Q 21.

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The World Bank has set a new goal of reducing extreme poverty to:

9 percent by 2020

B

6 percent by 2015

C

3 percent by 2025

D

0 percent by 2015

E

None of these

Q 22.

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Consider the following statements in regard to inclusive development :
(1) As per the RBI guidelines Public Sector Banks has to give loans to women SHGs at the interest rate of 7%
(2) The initiative is to get benefit of interest rate subvention scheme under the Damini scheme
Which of the statements given above is/are correct?

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

E

None of these

Q 23.

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Consider the following statements regarding medium term note (MTN) programme :
(1) Medium term note (MTN) is a debt bond which usually matures in 5 to 10 years
(2) Recently Union Bank of India has hit the global debt market to raise around USD 500 million through bond issuance
Which of the statements given above is/are correct?

A

1 only

B

2 only

Both 1 and 2

D

Neither 1 nor 2

E

None of these

Q 24.

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Consider the following statements :
(1) Instant Money Transfer (IMT scheme is launched by Bank of India
(2) It allows withdrawal of funds to individuals from its ATMs without an account in the bank Which of the statements given above is/are correct?

A

1 only

B

2 only

Both 1 and 2

D

Neither 1 nor 2

E

None of these

Q 25.

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Consider the following statements:
1. The RBI has announced the 'Depositor Education and Awareness Fund Scheme, 2014'.
2. The Depositor Education and Awareness Fund Scheme will utilize unclaimed bank deposits for education and awareness of depositor.
3. The scheme will be funded by centre for depositor 's education. Which among the above is/ are correct statements?

A

1, 2 & 3

B

2 & 3

Only 1, & 2

D

one of the above

E

None of these