CURRENT AFFAIRS BANKING RELATED GENERAL AWARENESS --IBPS CLERKS
1.
Recession
in technical terms is a situation under which an economy experiences negative
growth rate for ……….. quarters
a) Two
b) Three c)
Four d) Five
2.
Which
of the following statements is incorrect
about Sukuk bond?
a) It offers the investor partial ownership in
the asset
b) The face value of the bond is based on the
issuer’s credit worthness
c) Investors partake in the profits/ losses from
the underlying asset
d) The
underlying asset must be Sharia-complaint
3.
United
Nations Headquarters’ building had been constructed on the land donated by
famous businessman and philanthropist
a) Andrew Carnegie b)
J.P. Morgan c) John Rockefeller d)
Paul Mellon
4.
`Mission
Bhagiratha’ is a water supply project of
a) Uttar Pradesh b)
Uttarakhand c) Telangana d)
Bihar
5.
Consider
the following facts about `Mission Bhagiratha’ and choose the correct code
given below:
I) It is a drinking water supply project of
Central Government
II) It is pet
project of Telangana for creating a water grid for supply drinking water to
houses.
III) It aims to
rejuvenate more than 45,000 water tanks
IV) The project
will draw water from Godavari about 250 km away, will supply water to about
66,000 people in Gajwel.
The correct code
is
a) I and II are correct b)
II and III are correct c) III and IV are correct
d) All are correct
6.
Interest
rates in the country matter to common man as a -----
a) Saver, investor, consumer and borrower
b)
Agriculturist, manufacturer, service provider and tax payer
c) Tax payer,
investor, producer and consumer
d) Consumer,
Producer, market intermediary
7.
Monetary
and credit policy in India has so far been based on
a) Cafeteria Approach b) Multiple Indicator Approach
c) Investor friendly approach d)
Consumer friendly approach
8.
Which
of the following statements supports the `Helicopter Money’ Concept?
a) It is used to lift the economy out of a slump
b) It is a currency with steeply decreasing value
c) Money spent for the development of aviation
sector
d) Demand for money by high valued customers
9.
The
concept of `Helicopter Money’ was given by -------
a) J.M.
Keynse b) Milton Friedman c)
Pigue d) Robertson
10. As much as 100
per cent foreign investment can come into financial services under the
automatic route, if these services are regulated by
I) The Reserve Bank of India
II) The
Securities and Exchange Board of India
III) The Pension
Fund Regulatory and Development Authority
IV) The
Insurance Regulatory and development Authority.
The correct code
is
a) Only I is correct b)
II and III are correct c) III and IV are correct
d) All are correct
11. Recently
Government of India allowed 100 per cent FDI in financial services provided
they are regulated by regulators. Such sectors
are:
I.
Commodity broking. II. Asset finance companies III.
Depository Participants
IV.
Infrastructure debt funds.
The correct code is
a)
Only I Correct b) I and II are correct
c) II, III and IV are correct
d) All are correct
12. VUCA acronym was
first created in the early 90s in the US Army War College courses to reflect
the conditions resulting from the end of the Cold War and the emergence of a
more multilateral world. Now the same is
being widely used in new business environment.
Terms denoting the VUCA are:
a) Volatility,
uncertainty, complexity and ambiguity
b) Volatile, Uncertain, complex and
ambiguous
c) Vision, Unending, Coordinate and
Audit
d) Volatile,
Unexpected, crude and alarming
13. Which of the
following statements is incorrect about third bi-monthly monetary policy review
2016?
a) It was
Dr.Raghuram G. Rajan’s last credit policy
b) It was last credit policy by an RBI
Governor
c) All the
indicators of monetary policy kept unchanged
d) RBI projected
a growth rate of 7.9 per cent for 2016-17
14. Which of the
following companies has ostensibly benefited the least from the Pokemon Gohit
game?
a)
Nintendo b)
Apple c) Niantic
d) Pokemon CO
15. Which of the
following terms is used in IPO of a company?
a) Red Herring b)
Greenshoe c) Book Building d)
Cut-off price
16. Which of the
following is not a member of the `PayPal Mafia’?
a)
Peter Thiel b)
Elon Musk c) Jack Dorsey d)
Reid Hoffman
17. Cable is slang
for
a)
The British Pound b) The rate per pound in US dollars
c) The
rate per Euro in Pounds d) The Euro
18. Nokia Map was
purchased by a consortium in 2015. Which
of the following automobile companies was not the part of the deal?
a)
BMW
b) Daimler c)
Nissan d) Volkswagan
19. Consider the
following statements about Rail Budget in India and c hoose the correct code
given below:
I.
The
rail budget was separated from the main budget, following recommendations of
William Acworth Committee in 1920-21.
II.
The
rail budget has had a separate existence from the general budget since 1924
III.
A
committee headed by NITI Aayog member Bibek Debroy has recommended the merger
of rail budget with general budget
IV.
It
is expected that from 2017-18 no separate rail budget would be presented in the
Parliament
The correct code
is
a)
Only
I and II are correct b) I, II and III are correct
c) Only
III is correct
d) All are correct
20. Consider the
following statements about Indian Railways and choose the correct code given
below:
I.
Indian
Railways is the largest employer in India
II.
Indian
Railways has the largest Rail Network in the world
III.
The
rail budget now accounts for a merger 15 per cent of the total Union Budget
The correct code is
a)
All
of the above are correct b) Only I is correct c)
Only II is correct
d)
I and II are correct
21. Which of the
following statements is correct about `negative interest rates’ policy?
a)
Negative rates reduce the cost of borrowing
money for business
b)
Negative
rates eat away at bank’s profits as they have to absorb the cost of negative
interest rates
c)
During
the negative interest rate regime the depositors with draw their money from the
bank leading to the depletion of loan able funds
d)
All
of the above
22. Which of the
following states is the most apprehensive about the forthcoming GST law and
thus, opposed it the Parliament?
a)
Maharashtra b)
Tamil Nadu c) West Bengal d)
Uttar Pradesh
23. GST 122nd
Constitutional Amendment Bill 2016 has been passed by the Parliament. It is expected that Goods and Services Tax
would be applicable by April, 2017. The
GST tax will not be applicable in which state?
a) Tamil Nadu b)
West Bengal c) Jammu & Kashmir d)
Puducherry
24. Michael F.
Phelps won 13th gold medal in Reo Olympics 2016. Thus, he has broken 12 individual gold medals
records of
a)
Leonidas of Rhodes b)
Mark Spitz c) Paavo Nurmi
d) Duke Kahanamoku
25. Which of the
following key changes in monetary policy of RBI is / are directly related to
Dr.Urjit Patel, the new Governor of RBI?
a)
Monetary policy now target retail inflation in
place of Wholesale Prices
b)
RBI
moved towards a flexible inflation targeting regime, with a target of 4 per
cent with a band of +/-2 percentage points
c)
Interest
rates should be decided by a high powered committee headed by the Governor of
RBI
d)
All
of the above
26. Dr. Urjit Patel
has been appointed the new Governor of RBI.
He is --- Governor of RBI.
a)
24th b) 25th c) 26th d)
27th
27. Laddering is a
tactic usually employed in the case of ----- investments
a)
Equity b)
Bond c) Gold
d) Real Estate
28. The GDP deflator
strips out the effects of ---------- from GDP estimation,
a)
Domestic output b)
Foreign output c) Inflation
d) Population
29. ------- was the
first Olympic Games to charge a broadcast rights fee.
a)
London, 1948 b)
Berlin, 1936 c) Helsinki, 1952 d)
Los Angeles, 1984
30. Which famous
economist coined the term, `We are all Keynesians now’?
a)
Joseph Stiglitz b)
Jeffrey Sachs c) Lawrence Summers d)
Milton Friedman
31. In the foreign
Exchange market, cross currency rates are also known as
a)
Calculated rates b)
Synthetic Rates c) Discovered Rates d) On
the spot rates
32. Avanti Finance
is being set up as Ratan Tata to provide credit to unserved segments. Which of the following joins hand up with it?
a)
Former
finance commission chairman Vijay Kelkar
b)
Infosys
co-founder Nandan Nelekani
c)
R.
Venkataraman, a managing trustee of Tata Trust
d)
All
of the above
33. Which of the
following statements is incorrect about FAME?
a)
It is under National Electric Mobility Mission
Plan 2020
b)
The
FAME scheme offers incentives for electric and hybrid vehicles
c)
The
Government offers incentives of 
1.38 lakh for electric and hybrid cars and
1.38 lakh for electric and hybrid cars and29000 for bikes
d)
Mahindra
Reva, Tata Motors, Electric are presently engaged in manufacturing electric and
hybrid vehicles in the country
34. `Aawaaz-e-Punjab’
is a
a)
Political
out fit launched by cricketer turned politician Navjot Singh Sidhu
b)
Feature
film in Punjabi
c)
TV
reality show
d)
Nobel
35. Which of the
following is not a recognized national political party?
a)
Congress
b) Bharatiya Janata Party c)
All India Triamool Congress
d) Samajwadi Party
36. A Politcal Party
becomes eligible to be recognized as a national party if it has
a)
Won 2 per cent of seats in Lok Sabha form at
least three different States in the latest general election
b)
In
a Lok Sabha or Assembly election it has polled 6 per cent of the total valid
votes in at least four states, in addition to winning four Lok Sabha seats
c)
It
has been recognized as a State Party in at least four states
d)
It
fulfill all the above criteria
37. ------- eclipsed
the market capitalization of Deutsche Bank in June 2016.
a)
Indusind Bank b)
YES Bank c) Kotak Mahindra Bank d)
State Bank of India
38. Who Said, “The
consumer is not a moron. She is your
wife?”
a)
Alyque Padamsee b)
John Ogilvy c) Piyush
Pandey d) Martin Sorrel
39. The principle of
subrogation applies to
a)
Health
Insurance b) Life Insurance
c) Property Insurance d)
Reputation Management
40. Which of the
following countries is currently vulnerable to the threat posed by fiscal
dominance?
a)
Colombia
b) Mexico c)
Japan d) Brazil
ANSWER WITH
HINTS
1.
(a) It
occurs when economic growth as measured by GDP contracts for two consecutive
quarters in a row. Actually it is same
as standard recession.
2.
(b)
It is based on the market value of the underlying asset.
3.
(c) 4.
(c) 5. (d)
6. (a) 7.
(b)
8.
(a)
Milton Friedman’s theory was that the lucky citizens, thrilled with the
windfall, would rush to spend. Higher
money supply with no immediate change in
output, would lift inflation. And improved consumer confidence would eventually
prompt manufacturers to increase output and create more jobs.
9.
(b)
Helicopter money is an idea mooted by Milton Friedman in his paper. The Optimum Quantity of Money in 1969 for
governments to lift their economies out of a slump.
10. (d) 11.
(d) 12. (a)
13. (d)
14. (a) It receives
only 10% of the revenue from the game.
The other three receive 30% each.
However, Nintendo benefits vicariously, as it owns 33% of Pokemon Co.
15. (b) Named after
Green Shoe manufacturing company, it gives investment bankers the liberty to
increase the number of shares offered in an IPO.
16. (c) It is a term
used to indicate a group of former PayPal employees and founders who have since
founded and developed additional technology companies, Dorsey is not among
them.
17. (b) It was so named
because the rate per pound in US dollar was transmitted over undersea cable in
the 1980s.
18. (c) The deal at
an enterprise value of 2.8 billion Euro was signed in August 2015.
19. (d) 20.
(a) 21. (d)
22. (b) 23.
(c) 24. (a)
25. (d) Dr. Unit Patel was the chairman of RBI’s
committee which has recommended these changes.
26. (a)
27. (b) A Bond
ladder is a portfolio of fixed –income securities in which each security has
significantly different maturity date.
It is constructed in order to minimize the interest rate and credit
risks and facilitate liquidity.
28. (c) It accounts
for inflation by converting output measured at current prices into constant
rupee GDP. It shows how much a change in
the base year’s GDP relies upon changes in the price level.
29. (a) Though the
BBC agreed to Pay 1000 guineas as the fee, the organizer waived it fearing it
would cause the BBC undue financial hardship.
30. (d)
31. (b) Exchange
between two currencies is determined through an intermediate currency such as
US Dollar
32. (d)
33. (d) Alternative
transport solutions such as electric and hybrid vehicles have gained acceptance
among Indian consumers following the launch of FAME (Faster Adoption and
Manufacturing of (Hybrid and Electric
Vehicles) incentive scheme in 2015-16.
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