Banking Questions for Indian Overseas Bank – IBPS [TEST-6]

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Banking awareness questions

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Question 1 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The National Bank for Agriculture and Rural Development (NABARD) gets some amount of its funds from which of the following organizations for its various schemes?
  1. world bank
  2. Bank of America
  3. IDA
A
Only 1
B
Only 2
C
Only 3
D
Only 1 & (3) both
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Question 2 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Intermediate goods are excluded from GDP because
A
they represent goods that have never been purchased so they cannot be counted
B
their inclusion would understate GDP
C
their inclusion would involve double counting
D
the premise of the question is incorrect because intermediate goods are directly included in calculating GDP
Aptitude Questions answers
Question 3 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
As we all know Securities & Exchange Board of India (SEBI) has taken some corrective steps to restrict functioning of Participatory Notes (P-Notes) in Indian Stock Markets. Why are P-Notes considered dangerous for the financial markets of a country?
  1. This allows a foreign investor to invest funds without knowing the history/ financial health of a company. If the company fails fforeign investors lose their money. Govt of India does not want this as this will bring a bad name to the country.
  2. P-Notes allow foreign investors to buy shares of blue chip companies without following Konw Your Customer (KYC) norms. Hence money invested here may not be from a valid and legal source.
  3. P-Notes are launched to arrange funds only for social schemes. Due to huge funds available with NRIs for investment they are sending it in bulk. Hence the cost of such investments is very high and it is not commercially viable for banks to accept such investments.
A
Only 1 is correct
B
Only 2 is correct
C
Only 3 is correct
D
Both 1 & 2 are correct
GK (GENERAL KNOWLEDGE) Questions answers
Question 4 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The Reserve Bank of India (RBI) has allowed state-owned oil companies to borrow long-term working capital from overseas. RBI relaxed the policy on borrowing up to..... from the overseas by the state-owned fuel retailers.
A
1 billion USD
B
10 billion USD
C
5 billion USD
D
100 million USD
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Question 5 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
In which year was World Bank formed?
A
1945
B
1956
C
1960
D
1988
GK (GENERAL KNOWLEDGE) Questions answers
Question 6 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the following is/are the type of IDFs?
A
IDF-MF
B
IDF-NBFC
C
Both 1 and 2
D
Neither 1 nor 2
Aptitude Questions answers
Question 7 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
What is the objective of the government behind setting up a Minimum Export Price (MEP) for a particular commodity?
A
To promote import
B
To promote exports
C
To check price rise
D
To help exporters
Aptitude test Questions answers
Question 8 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
GST data shows growth of..... in the number of indirect taxpayers.
A
30%
B
40%
C
50%
D
60%
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Question 9 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the following is not helpful in controlling the money supply?
A
Changes in reserve requirements
B
CRR
C
Open market policy
D
Bank rate
GK (GENERAL KNOWLEDGE) Questions answers
Question 10 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Who of the following plays the vital role in setting up of National Housing Bank?
A
K. R. Puri
B
Dr. Minoan Singh
C
C. Rangarajan
D
None of the Above
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