friends, hope you all are fine. today we are sharing some important questions related to banking those are important for upcoming IBPS PO exam. All below questions are based on banking system.
1. The purpose(s) of Public Distribution System (PDS) is/are which of the following?
(A) To control the open market prices of various goods
(B) To provide competitive prices to the produce of farmers
(C) To provide food grain and other essential goods to people of weaker sections
1) Only (A) 2) Only (B) 3) Only (C) 4) Only (A) and (C) 5) All (A), (B) and (C)
Ans:-3
2.Food stocks are maintained by the central government for the main purpose of
1) maintaining prescribed buffer stock norms for food security
2) monthly supply through PDS
3) market intervention to stabilise open market prices
4) All 1, 2 and 3
5) None of these
2) monthly supply through PDS
3) market intervention to stabilise open market prices
4) All 1, 2 and 3
5) None of these
Ans:-4
3. The purpose(s) of Public Distribution System (PDS) is/are which of the following?
(A) To control the open market prices of various goods
(B) To provide competitive prices to the produce of farmers
(C) To provide food grain and other essential goods to people of weaker sections
1) Only (A) 2) Only (B) 3) Only (C) 4) Only (A) and (C) 5) All (A), (B) and (C)
(B) To provide competitive prices to the produce of farmers
(C) To provide food grain and other essential goods to people of weaker sections
1) Only (A) 2) Only (B) 3) Only (C) 4) Only (A) and (C) 5) All (A), (B) and (C)
4. Which of the following committees is/are related with Non-Banking Financial Companies (NBFCs)?
1) Usha Thorat Committee 2) AC Shah Committee 3) A Ghosh Committee
4) Rangarajan Committee 5) None of these
4) Rangarajan Committee 5) None of these
Ans:-2
5.Which of the following banks had issued the first successful Credit Card of the world?
1) Japan National Bank 2) Bank of Singapore 3) Bank of Ameria
4) Yes Bank 5) None of these
7. Which of the following is/are called white goods?
1) Dishwasher 2) Washing machine 3) Refrigerator
4) All the above 5) None of the above
4) Yes Bank 5) None of these
7. Which of the following is/are called white goods?
1) Dishwasher 2) Washing machine 3) Refrigerator
4) All the above 5) None of the above
Ans:-4
6.When the rate of inflation increases
1) purchasing power of money increases 2) purchasing power of money decreases
3) value of money increases. 4) amount of money in circulation decreases
5) purchasing power of money remains unchanged.
3) value of money increases. 4) amount of money in circulation decreases
5) purchasing power of money remains unchanged.
Ans:-2
7. The bank has only one office and it does all the banking/commercial activities like borrowing or lending this one office
is called ________
1) Umbrella Banking 2) Union Banking 3) Unit Banking 4) Hole sell Banking 5) None of these
1) Umbrella Banking 2) Union Banking 3) Unit Banking 4) Hole sell Banking 5) None of these
Ans:-3
8. A. Hot Money is a volatile money which comes easily but can also go out easily.
B. Portolio investment is a good example of hot money.
C. The currency of developing countries is a good example of hot money.
select the correct statement(s).
1) All are correct 2) Only A and B 3) Only B and C 4) Only A and C 5) None is correct
C. The currency of developing countries is a good example of hot money.
select the correct statement(s).
1) All are correct 2) Only A and B 3) Only B and C 4) Only A and C 5) None is correct
Ans:-2
9. Select the correct sentence(s).
A. Cheap Money indicates a situation when, bank rate and other rates of interest are high.
B. Bank rate and other rates of interest are low.
C. Call Money is a loan that is made for a very short period.
1) All is correct 2) Only A and B 3) Only B and C 4) Only A and C 5) None of these
A. Cheap Money indicates a situation when, bank rate and other rates of interest are high.
B. Bank rate and other rates of interest are low.
C. Call Money is a loan that is made for a very short period.
1) All is correct 2) Only A and B 3) Only B and C 4) Only A and C 5) None of these
Ans:-3
10. Which of the following statements is/are correct about Initial Public Offering (IPO)?
(A) It is the first sale of stocks by a company to the public.
(B) IPOs are often issued by smaller, younger companies seeking the capital to expand, but can also be brought by large
companies.
(C) IPO is a risky investment for investors as most IPOs are of companies going through a transitory growth period and
their future values are uncertain.
1) Only (A) 2) Only (B) 3) Only (C) 4) Only (A) and (C) 5) All (A), (B) and (C)
(B) IPOs are often issued by smaller, younger companies seeking the capital to expand, but can also be brought by large
companies.
(C) IPO is a risky investment for investors as most IPOs are of companies going through a transitory growth period and
their future values are uncertain.
1) Only (A) 2) Only (B) 3) Only (C) 4) Only (A) and (C) 5) All (A), (B) and (C)
Ans:-5
