IBPS PO Exam conducted by the Institute of Banking Personnel Selection (IBPS) to select eligible candidates for the post of Probationary Officers in different public sector banks in India.
IBPS PO BANKING Question And Answers
IBPS provides Job in Public-Sector Banks (PNB, BOB, etc.), SBI, RBI, NABARD, SIDBI, LIC & Insurance companies and other Banks which are regular members of the IBPS society.
Below are 50 questions that can help in preparing for IBPS Exam.
1. As per the licensing norms of RBI, a new bank must have a _______ capital
A. 200 Crore
B. 100 Crore
C. 1000 Crore
D. 500 Crore
E. None of the Above
Answe.-D. 500 Crore
2. Who among the following inaugurates Bandhan Bank as full-fledged scheduled
commercial bank?
A. Narendra Modi
B. Rajnath Singh
C. Santosh Gangwar
D. Arun Jaitley
E. None of the Above
Answer.-D. Arun Jaitley
3. Which is the first bank to be set up in eastern part of India after Independence?
A. UCO Bank
B. Allahabad Bank
C. United Bank of India
D. Bandhan Bank
E. None of the Above
Answer.-D. Bandhan Bank
4. Bandhan Bank is headquartered in _______
A. Mumbai
B. Kolkata
C. Chennai
D. Bangalore
E. None of the Above
Answer.- B. Kolkata
5. Bandhan Bank starts with a capital base of ______ crore
A. 2500 Crore
B. 1070 Crore
C. 2570 Crore
D. 2470 Crore
E. None of the Above
Answer.- C. 2570 Crore
6. Which of the following is/are the loan product(s) of Bandhan Bank?
A. Agri loan
B. MSME loan
C. Retail loan
D. Both (A) and (C)
E. All of the Above
Answer.-E. All of the Above
7. Which of the following is the slogan of Bandhan Bank?
A. Hum Hai na
B. Aapka Bhala, Sabki Bhalai
C. Aao Sochein Bada
D. Both (A) and (C)
E. None of the Above
Answer.- B. Aapka Bhala, Sabki Bhalai
8. IDFC Bank is headquartered in _______
A. Mumbai
B. Kolkata
C. Chennai
D. Bangalore
E. None of the Above
Answer.- A. Mumbai
9. Who among the following launched IDFC Bank?
A. Narendra Modi
B. Rajnath Singh
C. Santosh Gangwar
D. Arun Jaitley
E. None of the Above
Answer.- A. Narendra Modi
10. Which of the following is/are the product(s) of IDFC Bank?
A. Commercial Banking
B. Bharat Banking
C. Retail Banking
D. Business Banking
E. All of the Above
Answer.- E. All of the Above
11. Which of the following is the clearing agency for Government securities?
A. RBI
B. GOI
C. CCIL
D. SEBI
E. None of the Above
Answer.- C. CCIL
12. _______ is used for electronic dealing and reporting of transactions in government
securities
A. Delivery versus Payment (DvP)
B. Negotiated Dealing System (NDS)
C. Risk Mitigation
D. All of the Above
E. None of the Above
Answer.- B. Negotiated Dealing System (NDS)
13. Which of the following is the mode of settlement of securities wherein the transfer of
securities and funds happen simultaneously?
A. Delivery versus Payment (DvP)
B. Duration
C. Convexity
D. All of the Above
E. None of the Above
Answer.- A. Delivery versus Payment (DvP)
14. The monetary ceiling of amount for settlement through Lok Adalat is _________
A. 5 lakh
B. 10 lakh
C. 15 lakh
D. 20 lakh
E. None of the Above
Answer.- D. 20 lakh
15. An EEFC account can be held only in the form of a ________
A. Current Account
B. Savings Bank Account
C. loan Account
D. All of the Above
E. None of the Above
Answer.- A. Current Account
16. Reserve Bank of India has made it mandatory on the banks to discontinue the
practice of stapling the currency note packets under _______ of the Banking
Regulation Act, 1949
A. Section 35A
B. Section 25A
C. Section 15A
D. Section 30A
E. None of the Above
Answer.- A. Section 35A
17. “Islamic Banking” the term used for _______
A. Covering Banking to Islamic nation
B. prohibition of the collection and payment of interest
C. Sharing of Profit and loss
D. Both (A) and (B)
E. Both (B) and (C)
Answer.- E. Both (B) and (C)
18. The first Indian RRB that has achieved Core Banking Solution(CBS) is ________
A. Rushikulya Gramya Bank (RGB)
B. Pallavan Bank
C. Bangiya Gramin Vikash Bank
D. Allahabad UP Gramin Bank
E. None of the Above
Answer.- A. Rushikulya Gramya Bank (RGB)
19. Government of India closed ______ and established National Company Law
Tribunal and National Company Law Appellate Tribunal.
A. IIFCL
B. BIFR
C. SICA
D. Both (A) and (C)
E. None of the Above
Answer.-B. BIFR
20. RBI can inspect the branches of Banks under _______ of the Banking Regulation
Act, 1949
A. Section 35
B. Section 25
C. Section 15
D. Section 30
E. None of the Above
Answer.- A. Section 35
21. Which allows banks and other financial institution to auction residential or
commercial properties to recover loans?
A. Industrial Disputes Act 1947
B. Foreign Exchange Management Act, 1999
C. Banking Regulation Act, 1949
D. SARFAESI Act, 2002
E. None of the Above
Answer.- D. SARFAESI Act, 2002
22. _______ is an integrated bill payment system which will offer inter operable bill
payment service to customers online as well as through a network of agents on the
ground.
A. BBPS
B. IMPS
C. AEPS
D. APBS
E. None of the Above
Answer.- A. BBPS
23. Which of the following will function as the Bharat Bill Payment Central Unit
(BBPCU), single authorized entity operating the BBPS?
A. RBI
B. NPCI
C. GOI
D. All of the Above
E. None of the Above
Answer.-B. NPCI
24. Which of the following is not a type of Billers?
A. Online Mode
B. Offline Mode (A)
C. Offline Mode (B)
D. All of the Above
E. None of the Above
Answer.- D. All of the Above
25. Which of the following will be the authorised operational units?
A. BBPCU
B. BBPOU
C. Biller
D. All of the Above
E. None of the Above
Answer.-B. BBPOU
26. To become BBPOUs, Banks and non-bank entities are mandatorily required to
apply for approval / authorisation to Reserve Bank of India under ________
A. Payment and Settlement Systems (PSS) Act 2007.
B. Foreign Exchange Management Act, 1999
C. Banking Regulation Act, 1949
D. SARFAESI Act, 2002
E. None of the Above
Answer.- A. Payment and Settlement Systems (PSS) Act 2007.
27. In which of the following mode, BBPOU will confirm the bill payment basis the bill
information dump provided by the respective biller?
A. Online Mode
B. Offline Mode (A)
C. Offline Mode (B)
D. All of the Above
E. None of the Above
Answer.- B. Offline Mode (A).
28. In which of the following mode, the BBPOU receives all the bill payment requests
for that particular biller without any validation?
A. Online Mode
B. Offline Mode (A)
C. Offline Mode (B)
D. All of the Above
E. None of the Above
Answer.- C. Offline Mode (B)
IBPS PO Banking Exam Question and Answers | Bank Exam Question and Answers GK
29. As per the Reserve Bank of India, BBPS will initially accept utility bill payments
such as _________
A. Telephone Bill
B. Electricity Bill
C. DTH services
D. All of the Above
E. None of the Above
Answer.- D. All of the Above
30. ________ have been awarded the license by the Central Bank to operate Bharat Bill
Payment System (BBPS) recently.
A. Common Service Centres (CSC)
B. Financial Institutions
C. Only (A)
D. Both (A) and (B)
E. None of the Above
Answer.-A. Common Service Centres (CSC)
31. A trad-able form of loan is normally termed as ________
A. Certificate of Deposit (CD)
B. Inter Bank term Money
C. Bill Re-discounting
D. Debt Instrument
E. None of the Above
Answer.- D. Debt Instrument
32. Which of the following is not a type of Debt Instrument?
A. Issuer class
B. Security
C. Coupon bearing
D. All of the Above
E. None of the Above
Answer.- E. None of the Above
33. Debentures are divided into different categories on the basis of which of the
following?
A. Convertibility
B. Security
C. Term
D. Both (A) and (B)
E. None of the Above
Answer.- D. Both (A) and (B)
34. Which of the following instruments retain the debt character and can not be
converted in to equity shares?
A. Non Convertible Debentures (NCD)
B. Partly Convertible Debentures (PCD)
C. Fully convertible Debentures (FCD)
D. Optionally Convertible Debentures (OCD)
E. None of the Above
Answer.- A. Non Convertible Debentures (NCD)
35. In which of the following instruments the investor has the option to either convert
these debentures into shares at price decided by the issuer/agreed upon at the time
of issue.
A. Non Convertible Debentures (NCD)
B. Partly Convertible Debentures (PCD)
C. Fully convertible Debentures (FCD)
D. Optionally Convertible Debentures (OCD)
E. None of the Above
Answer.- D. Optionally Convertible Debentures (OCD)
36. In which of the following conversion the investors enjoy the same status as ordinary
shareholders of the company?
A. Secured Debentures
B. Partly Convertible Debentures (PCD)
C. Fully convertible Debentures (FCD)
D. Optionally Convertible Debentures (OCD)
E. Unsecured Debentures
Answer.- C. Fully convertible Debentures (FCD)
37. Under ______ debentures, if the issuer fails on payment of either the principal or
interest amount, his assets can be sold to repay the liability to the investors
A. Secured Debentures
B. Partly Convertible Debentures (PCD)
C. Fully convertible Debentures (FCD)
D. Optionally Convertible Debentures (OCD)
E. Unsecured Debentures
Answer.- A. Secured Debentures
38. A part of debt instruments that are converted into Equity shares in the future at
notice of the issuer is called _________
A. Secured Debentures
B. Partly Convertible Debentures (PCD)
C. Fully convertible Debentures (FCD)
D. Optionally Convertible Debentures (OCD)
E. Unsecured Debentures
Answer.- B. Partly Convertible Debentures (PCD)
39. Who among the following are institutional investors in the Indian Debt Market?
A. Banks
B. Mutual funds
C. Foreign investors (FIIs)
D. Trusts
E. All of the Above
Answer.- E. All of the Above
40. Who among the following regulates the Indian Corporate Debt Market?
A. RBI
B. NABARD
C. SIDBI
D. SEBI
E. None of the Above
Answer.- D. SEBI
41. Who among the following appoints the “Authorized Dealers” for foreign exchange
transactions?
A. GOI
B. RBI
C. PSBs
D. FEDAI
E. FIMMDA
Answer.-D. FEDAI
42. Which of the following is an Association of Commercial Banks, Financial
Institutions and Primary Dealers?
A. GOI
B. RBI
C. PSBs
D. FEDAI
E. FIMMDA
Answer.- E. FIMMDA
43. Banking services provided to Special Economic Zones(SEZ) units have been
exempted from _________
A. Sales Tax
B. Securities Transaction Tax – STT.
C. Central Excise Duty
D. Service Tax
E. None of the Above
Answer.- D. Service Tax
44. The relationship between maturity and interest rates is known as ________
A. Yield Curve
B. Zero Coupon Yield Curve
C. Negative Yield Curve
D. Neutral Yield Curve
E. None of the Above
Answer.- B. Zero Coupon Yield Curve
45. The relationship between time and yield on a homogenous risk class of securities is
called ________
A. Yield Curve
B. Zero Coupon Yield Curve
C. Spot Curve
D. Both (A) and (B)
E. None of the Above
Answer.- A. Yield Curve
46. Long-term debt securities issued by the GOI or any of the State Government‟s or
undertakings owned by them or by development financial institutions are called as
________
A. Shares
B. Debentures
C. Bonds
D. Both (A) and (C)
E. None of the Above
Answer.- C. Bonds
47. A long-term security yielding a fixed rate of interest, issued by a company is called
________
A. Shares
B. Debentures
C. Bonds
D. Both (A) and (C)
E. None of the Above
Answer.-B. Debentures
48. Issuance of stamp duty on bonds is under ________
A. The Companies Act, 1956
B. The Public Debt Act 1944.
C. Indian Stamp Act 1899 (Central Act)
D. Reserve Bank of India Act, 1934
Answer.- C. Indian Stamp Act 1899 (Central Act)
49. Which of the following is subject to payment of Stamp Duty under Indian Stamp
Act, 1899 (Central Act)?
A. Commercial Paper
B. Treasury Bills
C. Certificate of Deposit
D. Both (A) and (C)
E. None of the Above
Answer.-C. Certificate of Deposit
50. Which of the following is/are not eligible to issue Certificates of deposit(CD)?
A. RRBs
B. Co-operative banks
C. Scheduled banks
D. Both (A) and (B)
E. None of the Above
Answer.-D. Both (A) and (B)
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