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Monday, August 22, 2016

BANKING QUIZ -36 FOR IBPS-PO &CLERK EXAM

BANKING QUIZ -36 FOR IBPS-PO &CLERK EXAM

1.Which of the following was implemented by National Payments Corporation of India (NPCI) for Banks, Financial Institutions, Corporates etc.,?
1.  National Automatic Cleared House (NACH)  
2.   National Automatic Clearing House (NACH)
3.   National Automated Cleared House (NACH)
4.   National Automated Clearing House (NACH)
5.   National Automated Cleaning House (NACH)

2. India’s first ‘talking’ ATM located in which of the following cities?
1.   Kolkata
2.   Pune
3.   Ahmedabad
4.   New Delhi
5.   Mumbai

3. Banks’ mandatory lending to farmers for agriculture, micro and small enterprises and other weaker sections where in banks are required to lend up to 40% of the loans is generally described as
(1) Priority sector lending
(2) Sub-prime lending
(3) Retail lending
(4) Non-priority sector lending
(5) Para banking

4. A bank’s ‘fixed deposit’ is also referred to as a
(1) savings bank deposit
(2) term deposit
(3) current deposit
(4) demand deposit
(5) home savings deposit

5. The process by which a life insurance policyholder can transfer all rights, title and interest under a policy contract to a third person is known as
(1) Assignment of the policy
(2) Hypothecation of the policy
(3) Nomination of the policy
(4) Negotiation of the policy
(5) Reinvestment of the policy

6. The Fair Practice Code for Credit Card Operations in the banking industry has been evolved by
(1) Indian Banks’ Association (IBA)
(2) Reserve Bank ofIndia (RB I)
(3) National Institute of Bank Management (NIBM)
(4) Banking Ombudsman (BO)
(5) Banking Codes and Standards Board of India (BCSBI)

7. ATM is an electronic tele-communication device that helps bank customers perform financial transactions. The letter A in the abbreviation ATM stands for
(1) Automated
(2) Anywhere
(3) Anytime
(4) Advance
(5) Account

8. CVV is an anti-fraud security feature that helps verify that the customer is in posession of her card. The abbreviation of CVV stands for
(1) Card Virtual Valuation
(2) Card Verification Value
(3) Confidential Virtual Verification
(4) Core Virtual Value
(5) Coded Vulnerability Value

9. Which of the following concepts of banking involves booking of web-enabled touch point for basic banking services?
(1) Extension Conters
(2) Retail Banking
(3) Satellite Banking
(4) Kiosk Banking
(5) Mobile Banking

10. Based on the recovery of the dues, banks are required to classify non-performing assets (NPAs) in the books of the bank under the categories
(1) Substandard, Doubtful and Loss Assets
(2) Standard, Doubtful and Written-Off Assets
(3) Standard, Substandard and Doubtful Assets
(4) Standard, Doubtful and Loss Assets
(5) Substandard, Doubtful and Bad Debts

ANSWER KEY
1.4, 2.3, 3.1, 4.2, 5.3, 6.5, 7.1, 8.2, 9.4, 10.1,


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Sunday, August 21, 2016

DAILY CURRENT AFFAIRS: 20 AUG 2016

DAILY CURRENT AFFAIRS: 20 AUG 2016
(Daily News India)
Shared By: WWW.DailyGk.IN

1. UP ANNOUNCES RANI LAXMI BAI AWARD FOR SAKSHI MALIK
i. The UP government will honour wrestler Sakshi Malik with Rani Laxmi Bai award.
ii. The award carries a cash prize of Rs. 3.11 lakh.
iii. The 23-year-old won the bronze in the 58-kg category wrestling in olympics.

2. GOVT SLAPS RS 2,500 CRORE PENALTY ON RELIANCE INDUSTRIES
i. Government of India has slapped an penalty of USD 380 million on Reliance Industries and its partners for producing less than targeted natural gas from KG-D6 fields.
ii. The total penalty for missing the target in 5 fiscal years beginning April 1, 2010, now stands at USD 2.76 billion.

3. FEDERAL BANK STARTS DISTRIBUTING MMTC GOLD COINS
i. Federal Bank has become the first private sector bank to start distributing gold coins made by government-controlled Metals and Minerals Trading Corporation of India.
ii. The Indian gold coins are of 24 karat purity and has the National Emblem of Ashok Chakra engraved on one side and the face of Mahatma Gandhi as in currency notes on the other.
iii. These coins were launched by the government of India last year.
iv. The first-ever national gold offering by the Government was launched by Prime Minister Narendra Modi In November 2015.

4. WORLD'S LONGEST AND HIGHEST GLASS BRIDGE TO OPEN IN CHINA
i. The world's longest and highest glass bridge will open to visitors.
ii. The bridge concreted with 99 panes of three-layer transparent glasses, hangs between two steep cliffs 300 metres altitude is maintained from the ground.
iii. The bridge has set 10 world records spanning its design and construction.

5. COURT OF ARBITRATION FOR SPORT SUSPENDS WRESTLER NARSINGH YADAV FOR FOUR YEARS
i. The Court of Arbitration for Sport banned wrestler Narsingh Yadav for four years following an appeal by World Anti-Doping Agency.
ii. The CAS also ruled to disqualify all the competitive results obtained by Narsingh from 25 June 2016.
iii. He will not be able to participate at the Rio 2016 Olympics.
iv. In July 2016 he was tested positive for a banned substance steroid in an out-of-competition test conducted by the National Anti-Doping Agency.
v. World anti doping agency headquarters are situated in Lausanne, Switzerland

6. INDIAN BADMINTON PLAYER P V SINDHU WINS SILVER IN WOMEN'S SINGLES BADMINTON EVENT AT RIO OLYMPICS
i. Badminton player P V Sindhu  won historic silver medal in women’s singles badminton event at Rio Olympics.
ii. She  became the first Indian woman to clinch a silver medal in Olympics.
iii. P V Sindhu is an Indian professional badminton player.
iv. She became the first ever Indian women's singles player to win a medal at the 2013 World Championships.


CURRENT AFFAIRS GK QUIZ BASED ON TODAY’S NEWS

1.  HOW MUCH IS THE AMOUNT OF CASH PRIZE FOR “RANI LAXMI BAI AWARD”?
a. 4 lakh
b. 4.12 lakh
c. 3.11 Lakh
d. 3.13 Lakh
2. WHICH STATE HAS ANNOUNCED RANI LAXMI BAI AWARD FOR FREESTYLE WRESTLER “SAKSHI MALIK”?
a. Uttar Pradesh
b. Haryana
c. Rajasthan
d. Gujrat
3. NAME THE PRIVATE SECTOR BANK WHICH HAS STARTED DISTRIBUTING GOLD COINS MADE BY GOVERNMENT OF INDIA AND CONTROLLED BY MMTCI?
a. Axis Bank
b. ICICI Bank
c. YES Bank
d. Federal Bank
4. WHICH OF THE FOLLOWING COUNTRIES HAVE MADE WORLD’S LONGEST, HIGHEST GLASS BRIDGE?
a. Japan
b. China
c. Korea
d. USA
5. WHERE ARE THE HEADQUARTERS OF THE WORLD ANTI DOPING AGENCY LOCATED?
a. Lusanne, Switzerland
b. New York, USA
c. New Delhi, India
d. Moscow, Russia

ANSWERS:

1.  C    2. A     3. D     4. B     5. A
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DAILY CURRENT AFFAIRS: 19 AUG 2016

DAILY CURRENT AFFAIRS: 19 AUG 2016
(Daily News India)
Shared By: WWW.DailyGk.IN

1. OVER 10000-YEAR-OLD CAMPING SITE DISCOVERED IN LADAKH
i. The Archaeological Survey of India  has discovered an ancient camping site dating 8500 BC in Ladakh in Jammu and Kashmir.
ii. This site was unearthed at 14,000 feet above the sea level on the way from Saser La to Ladakh.

2. PUNJABI WRITER GURDIAL SINGH PASSED AWAY
i. Padma Shri awardee Punjabi writer Gurdial Singh passed away in Bathinda due to long illness.  
ii. He started his literary career in 1957 with a short story, "Bhaganwale".
iii. He became known as a novelist when he published the novel Marhi Da Deeva.

3. SHASHI SHEKHAR COMMITTEE ON WORLD CULTURE FESTIVAL OF AOL SUBMITTED REPORT TO NGT
i. The Shashi Shekhar Committee was formed by National Green Tribunal and directed Sri Sri Ravi Shankar's Art of Living  to submit its response within three weeks on the inspection report.
ii. The report of the expert committee deal with the damage caused to the Yamuna flood plains due to the World Culture Festival.
iii. The festival was organised by the AOL in March 2016 along the River Yamuna in New Delhi.
iv. The inspection report of the committee concluded that the event has caused damage to the riverbed.

4. WRESTLER SAKSHI MALIK WON INDIA’S FIRST MEDAL AT RIO OLYMPICS
i. Freestyle wrestler Sakshi Malik won India’s first medal at the 2016 Rio Olympic Games by clinching the bronze in the 58kg category.
ii. She created history by becoming the first Indian woman wrestler to win an Olympic medal.
iii. She becomes only the fourth woman athlete from India to win an Olympic medal.
iv. Weight-lifter Karnam Malleshwari was the first Indian to win an Olympic medal.
v. Sakshi Malik is from  Rohtak in Haryana.

5. INDIA’S FIRST BIO-CNG PLANT INAUGURATED IN PUNE
i. The plant was jointly inaugurated by Union Minister of Transport Nitin Gadkari and Union Defence Minister Manohar Parrikar.
ii.The plant will use agricultural residue to generate compressed natural gas that can be used in automobiles as fuel.
iii. The technology involves treating the waste with a special bacterial solution, after which the gas so generated is cleaned and compressed for use in vehicles.

6. INDIA RANKS 66TH IN 2016 GLOBAL INNOVATION INDEX
i. India has ranked 66th in the 2016 Global Innovation Index.
ii. India has jumped up by 15 spots from 81st position in 2015 GII.
iii. The annual index was released by France-based international business school INSEAD and World Intellectual Property Organisation.
 iv. The index is topped by Switzerland followed b y Sweden.


CURRENT AFFAIRS GK QUIZ BASED ON TODAY’S NEWS

1. THE REPORT ON “WORLD CULTURE FESTIVAL AOL” SUBMITTED TO WHICH OF THE FOLLOWING OFFICIALS BODIES?
a. National Green Tribunal
b. Finance Ministry
c. Forest and Environment Department
d. Both a & c
2. WHO HAS BECOME FOURTH WOMAN ATHLETE FROM INDIA TO WIN AN OLYMPIC MEDAL?
a. Karnam Malleshwari
b. PV Sindhu
c. Sakshi Malik
d. Mary Kom
3. INDIA’S FIRST BIO-CNG PLANT WAS INAUGURATED IN WHICH OF THE FOLLOWING CITIES OF INDIA?
a. Hyderabad
b. Jalandhar
c. Surat
d. Pune
4. NAME THE CHAIRPERSON OF THE COMMITTEE ON WORLD CULTURE FESTIVAL OF AOL?
a. Shekhar Kumar
b. Sashi Shekhar
c. Ravi Shekhar
d. Chandra  Shekhar
5. WHO CLINCHES BRONZE MEDAL IN FREESTYLE WRESTLING IN RIO OLYMPICS,2016?
a. Mary Kom
b. Sarab Nanda
c. Sakshi Malik
d. None of the above

ANSWERS:
1. A     2. C     3. D     4. B     5. C
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Saturday, August 20, 2016

REASONING QUIZ- 51 FOR IBPS PO & Clerk Exam 2016

REASONING QUIZ- 51 FOR SBI – PO & IBPS


Directions (Q.1-5): Study the following information carefully and answer the questions given below:

Parul, Sweta, Rani, Shilpa, Tweety, Usha, Vivesha and William are sitting around a circular table facing the centre. Each has different professions – MANAGER, MUSICIAN, DANCER, WRITER, PHOTOGRAPHER, PILOT, BANKER and BODYGUARD but not necessarily in the same order.
Sweta sits second to the left of ‘William’s husband, who is neither an WRITER nor a Banker. No female is an immediate neighbour of Sweta. Shilpa’s daughter sits second to the right of Usha and on the immediate left of DANCER. Usha, who is sister of Vivesha, is a Banker. Usha is not an immediate neighbour of William’s husband. Shilpa’s daughter is a MANAGER. Only one person is sitting between Parul and Usha. William’s brother Shilpa sits on the immediate left of his mother, who is an PILOT. Parul is the father of Vivesha. Only one person sits between William’s mother and Tweety. Tweety sits on the immediate right of the person who is a MUSICIAN.
Only one person sits between William and Vivesha. Vivesha sits second to the right of the person who is a bodyguard. Vivesha is mother of Rani and not an immediate neighbour of Tweety.

1. Who amongst the following is sitting 2nd to the left of Shilpa’s daughter?
1. Dancer
2. Pilot
3. Banker
4. Bodyguard

2. Four of the following five are alike in a certain way based on the given information and so form a group. Which is the one that does not belong to that group?
1. Shilpa
2. Parul
3. Rani
4. Tweety

3. The person who is a Photographer is sitting between which of the following persons?
1. BODYGUARD and WRITER
2. PILOT and MANAGER
3. MUSICIAN and DANCER
4. Can’t be determined

4. Who among the following is sitting opposite to Dancer?
1. Data inadequate
2. Sister of Usha
3. William’s Husband
4. Photographer

5. What is the position of Parul with respect to his grandson?
1. Immediate left
2. Third to the right
3. Immediate right
4. Second to the right

6. Pointing to a lady, Sahil said, “She is the daughter of my wife’s grandfather’s only child.” How is the woman related to Sahil?

(1) Wife  
(2) Sister – in – law
(3) Sister  
(4) Daughter

7. Piyush walks 10m towards west, then turn to his right and walks 5 meter and turns to his left and walks 2 m. and meet his friend. Then, again turns to his left and walks 5m. What is the shortest distance between his starting point and where he meets his friend?

1) 12 m.
2) 13 m.
3) 11 m.
4) 14 m.

8. Which of the following expression will be true if the expression- A ≤ G = Q < S ≤ B > C > I is definitely true?

1) Q>C
2) I > G
3) S>A
4) Q < B

9. Which of the following symbols should replace the question mark (?) in the given expression in order to make the expressions A< P as well as B > D definitely true?

P ≤ B = T ?A < D ≥ C

1) <
2) ≤
3) >
4) None of these

10. In a queue , Rahul is standing 17th from the left and Deepak is standing 25th from the right .If they interchange their position then Deepak becomes 30th from right end. Now, what is the new position of Rahul from the left and how many boys are standing in a queue?

1. 20, 45
2. 22, 46
3. 23, 47
4. Data inadequate

ANSWER
1.3, 2.4, 3.1, 4.2, 5.3, 6.1, 7.2, 8.3, 9.4, 10.2,




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BANKING QUIZ -35 FOR IBPS-PO & CLERK EXAM

BANKING QUIZ -35 FOR IBPS-PO &CLERK EXAM

1. Credit Risk is the risk in which _______________.
(1) borrower may opt to get necessary permit/licences
(2) wrong strategy is adopted
(3) interest rate in the markets may increase
(4) loan processing may be faulty
(5) a borrower will default on any type of debt

2. Name the source of collecting money from the public for a company for the first time?
(1) Rights issue
(2) Initial public offer
(3) Follow on offering
(4) Bonus shares
(5) Secondary offering

3. A mutual fund scheme in which the investors commit their money for a particular period is known as
(1) Closed-End Scheme
(2) Long-End Scheme
(3) Long-Term Fund
(4) Open-End Scheme
(5) Back-End Scheme

4. CP is an unsecured money market instrument issued in the form of a promissory note. In the abbreviation CP, letter ‘P’ stands for
(1) Payment
(2) Portfolio
(3) Paper
(4) Promissory
(5) Position

5. The process that has to be undertaken by banks and other financial institutions to prevent them from being used by criminal elements for money laundering is
(1) Credit Monitoring Process
(2) Credit Rating Process
(3) Credit Appraisal Process
(4) Due diligence Process
(5) KYC Process

6. With introduction of ATMs, telebanking and internet banking, banking hours is not a constraint for transacting banking business, which is known as
(1) Universal Banking
(2) Worldwide Banking
(3) Global Banking
(4) Anywhere Banking
(5) Other than those given as option

7. Which of the following institutions is a Credit Information Company?
(1) CIBIL
(2) CRISIL
(3) ARCIL
(4) ICRA
(5) CARE

8. When an account does not have sufficient balance to honour the cheque issued by the account holder, the cheque is returned by the bank is called as______.
(1) cheque discounting
(2) bouncing of cheque
(3) cheque kiting
(4) cheque truncation
(5) cheque validation

9. The alphabet ‘P’ in the abbreviation EFTPOS stands for
(1) Permanent
(2) Private
(3) Public
(4) Primary
(5) Point

10. Which of the following is a receipt listed in India and traded in rupees declaring ownership of shares of a foreign company?
(1) European Depository Receipt (EDR)
(2) Indian Depository Receipt (IDR)
(3) Global Depository Receipt (GDR)
(4) American Depository Receipt (ADR)
(5) Luxemburg Depository Receipt (LDR)


ANSWER KEY
1.5, 2.2, 3.1, 4.3, 5.5, 6.4, 7.1, 8.2, 9.5, 10.2,


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