IBPS and Clerk Exam Mental Ability Questions and Answers Paper
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Test ā IV: General Awareness
(With special Reference to Banking Industry)
151. Which of the following organisationsāagencies has specifically been set up to boost overall rural development in India?
1) RBI
2) SIDBI
3) NABARD
4) SEBI
5) EXIM
Ans: NABARD
152. Which of the following states has expressed its unhappiness over the agreement on sharing of Teesta water between India and Bangladesh? (The agreement was not signed because of the objection.)
l) Jharkhand
2) Assam
3) Manipur
4) Bihar
5) West Bengal
Ans: West Bengal
153. Banks in India are regulated under
1) Companies Act, 1956
2) Banking Regulation Act, 1949
3) Reserve Bank of India Act, 1934
4) Special powers conferred on the RBI
5) None of these
Ans: Banking Regulation Act, 1949
154. Which of the following countries is a major producer of Jute?
1) Pakistan
2) Afghanistan
3) South Africa
4) Bangladesh
5) Sri Lanka
Ans: Bangladesh
155.Compilation of data on industrial production in India is done by which of the following agenciesāorganisations?
1) National Testing Lab
2) Reserve Bank of India
3) Census Commission of India
4) Planning Commission of India
5) Central Statistics Office
Ans: Central Statistics Office
156. The President of India visited which of the following countries in July 2011 and held discussions with Lee Myung-bak, the President of the country?
1) South Korea
2) Mongolia
3) China
4) North Korea
5) Thailand
Ans: South Korea
157.India is providing financial help to which of the following countries for building a large harbour there named as Kankasanthurai Harbour?
1) Nepal
2) Myanmar
3) Bangladesh
4) Sri Lanka
5) Vietnam
Ans: Sri Lanka
158. A savings bank account opened with a commercial bank with zero or very minimal balance is known as
1) Savings Bank Ordinary Account
2) Student Savings Bank Account
3) No-Frill Account
4) Current Account
5) Call Deposit
Ans: No-Frill Account
159. What does the letter R denote in the abbreviation āBR Actā which controls banking activities in the country?
1) Reformation
2) Regulation
3) Reporting
4) Resolution
5) Ranking
Ans: Regulation
160. āBase Rateā in banks is
1) The rate of interest payable on demand deposits
2) The rate of interest payable on fixed deposits
3) The rate of interest charged by the RBI on long-term borrowings of public sector banks
4) The minimum lending rate decided by the RBI which shall be adopted by all public sector banks
5) The minimum interest rate fixed by individual banks below which they cannot lend funds, except cases like govts-sponsored scheme
Ans: The minimum interest rate fixed by individual banks below which they cannot lend funds, except cases like govts-sponsored scheme