IBPS CWE Previous Year Exam Paper 2012

Subject: General Awareness


101. A money deposited in a bank that cannot be withdrawn
for a preset fixed period of time is known as a

Term deposit
Checking Account
Savings Bank Deposit
No Frills Account
Current Deposit

102. A worldwide financial messaging network which
exchanges messages between banks and financial institutions
is known as

CHAPS
SWIFT
NEFT
SFMS
CHIPS

103. Which of the following ministries along with the
Planning Commission of India has decided to set up a
Corpus Fund of Rs 500 crore, so that tribals in Naxal-hit
areas can be provided proper means of livelihood?


Ministry of Rural Development
Ministry of Home Affairs
Ministry of Tribal Affairs
Ministry of Corporate Affairs
Ministry of Finance

104. Which of the following was the issue over which India
decided to vote against Sri Lanka in the meeting of one of
the UN-governed bodies/agencies?

Violations of human rights in Sri Lanka
Allowing China to establish a military base in the Indian Ocean
Issue of subsidy on agricultural products in the meeting of the WTO
Allowing part of Sri Lanka to become an independent country governed by LTTE
Sri Lanka's claim to become a permanent member of UN Security Council

105. The term 'Smart Money' refers to

Foreign Currency
Internet Banking
US Dollars
Travellers' Cheques
Credit Cards

106. Which of the following is not a 'Money Market
Instrument'?

Treasury Bills
Commercial Paper
Certificate of Deposit
Equity Shares
None of these

107. Which of the following is a retail banking product?

Home Loans
Working capital finance
Corporate term loans
Infrastructure financing
Export Credit

108. Which of the following statements is TRUE about the
political situation in Mali, where a military coup burst out recently?

General elections were due there in March/April 2012 but did not take place.
The country has been under the control of the US army for the last 18 months.
The army of the country was not happy as Amadou Toure was made President without
elections for the next five years.
A coup broke out in Mali when Amadou Toure, the military chief, got seriously injured in a
bomb blast.
NATO and its associates had planned a coup there.

109. In the summit of which of the following organizations/
group of nations it was decided that all members should
enforce Budget Discipline?

G-8 OPEC
European Union SAARC
G-20

110. As per newspaper reports, India is planning to use
as fuel in its 700MW nuclear reactors being developed
in new planets. What is the full form of as used here?

Safe Electrical Units
Small Electrical Units
Slightly Enriched Uranium
Sufficiently Enriched Units
Safely Enriched Uranium

111. Technological advancement in recent times has given a
new dimension to banks, mainly to which of the following
aspects?

New Age Financial Derivatives
Service Delivery Mechanism
Any Banking
Any Type Banking
Multilevel Marketing

112. When there is a difference between all receipts and
expenditure of the Govt of India, both capital and revenue, it
is called

Revenue Deficit
Budgetary Deficit
Zero Budgeting
Trade Gap
Balance of payments problem

113. Which of the following is NOT a function of the Reserve
Bank of India?

Fiscal Policy Functions
Exchange Control Functions
Issuance, Exchange and Destruction of currency notes
Monetary Authority Functions
Supervisory and Control Functions

114. Which of the following is NOT required for opening a
bank account?

Identity Proof
Address Proof
Recent Photographs
Domicile Certificate
None of these

115. The Golden Jubilee of Afro-Asian Rural Development
Organisation was organized in which of the following places
in March 2012?

Dhaka Tokyo
Cairo Kuala Lampur
New Delhi

116. What is the maximum deposit amount insured by
DICGC?

Rs 2,00,000 per depositor per bank
Rs 2,00,000 per depositor across all banks
Rs 1,00,000 per depositor per bank
Rs 1,00,000 per depositor across all banks
None of these

117. The present Foreign Trade policy of India will continue
till

December 2012
March 2013
March 2014
June 2013
December 2014

118. With reference to a cheque, which of the following is the 'drawee

The bank that collects the cheque
The payee's bank
The endorsee's bank
The endorser's bank
The bank upon which the cheque is drawn

119. In which of the following fund transfer mechanisms,
can funds be moved from one bank to another and where the
transaction is settled instantly without being bunched with
any other transaction?

RTGS
NEFT
TT
EFT
MT

120. What was the reason owing to which Enrica Lexie, an
Italian ship, was detained by the Port Authorities in Kerala and was brought to Cochin port for inspection and search?

It was carrying objectionable material.
It was involved in sea piracy.
It was detained as the crew killed two Indian fishermen.
The ship started sailing without making payments of iron ore it loaded.
It was detained as it was dumping nuclear waste in deep sea.

121. Which of the following agencies/organiz-ations recently
gave a verdict to India's one of the most
controversial project of interlinking rivers? (Some of the
rivers are international.)

UN Food and Agriculture Organisation
World Meteorological Organisation
International Court of Justice
Central Water Commission
Supreme Court of India

122. Who among the following was the Captain of the
Australian Team which played four Test matches against
India in January 2012 and won all of them?

Ricky Ponting
Michael Clarke
Nathan Lyon
Stuart Clark
Andrew Symonds

123. The committee on review of National Small Savings
Fund (NSSF) was headed by

Dr C Rangarajan
UK Sinha
Dr YV Reddy
Shyamala Gopinath
Dr Usha Thorat

124. Banking Ombudsman Scheme is applicable to the
business of

All scheduled commercial banks excluding RRBs
All scheduled commercial banks including RRBs
Only public sector banks
All banking companies
All scheduled banks except private banks

125. The 5th Asian Indoor Athletics Championship was
organised in February 2012 in

Bangladesh
India
Qatar
China
South Korea


126. Nationalisations of banks aimed at all of the following
except

Provision of adequate credit for agriculture, SME exports
Removal of control by a few capitalists
Provision of credit to big industries only
Access of banking to masses
Encouragement of a new class of entrepreneurs

127. Who among the following was the Chief Guest at the
three-day Pravasi Bharatiya Divas function held in January
2012?

Kamla Persad Bissessar
Ram Baran Yadav
Lakshmi Mittal
Salman Rushdie
Benjamin Netanyahu

128. Which of the following banks is headed by a woman
CEO?

Bank of Baroda
HDFC Bank
Central Bank of India
Punjab National Bank
lCICI Bank

129. As per revised RBI guidelines, Provision on secured
portion of loan accounts classified as Doubtful Assets for
more than one year and upto 3 (three) years is to be made at
the rate of

15%
20%
40%
25%
30%

130. As per the provisions in the Food Security Bill 2011,
how much food grain should be given per month to each
person of the target group?

5 kg
7 kg
9 kg
10 kg
20 kg

131. Which of the following acts is in vogue in India is
against the thinking of raising school fee as per demand of the market forces?

Prevention of Corruption Act
Child Labour (Prohibition Regulation) Act
Sharda Act
Right to Education Act
MG National Rural Employment Guarantee Act

132. Which of the following states has launched 'Panch
Parmeshwar Yojana',under which panchayats are allowed
to use the fund for developing infrastructure and basic
amenities in villages?

Uttar Pradesh
Maharashtra
Gujarat
Madhya Pradesh
Tamil Nadu

133. Base Rate is the rate below which no Bank can allow
their lending to anyone. Who sets up this 'Base Rate' for
Banks?

Individual Banks' Board
Ministry of Commerce
Ministry of Finance
RBI
Interest Rate Commission of India

134. National Table Tennis Championship was organised in
January 2012 in

Mumbai
Delhi
Hyderabad
Lucknow
Jaipur

135. Who among the following is the author of the book
Nirbasan

Mahashweta Devi
Taslima Nasreen
Sunil Gangopadhyay
Vikram Seth
Kiran Desai

136. What is a'Debit

It is a card issued by a Rating Agency.
It is a card which can be used for withdrawing cash or making payment even in the absence of any balance in the account.
It is a card which can be used for withdrawing cash or making payment if there is balance in the account.
It is a card which carries prepaid balance.
It is a card which can be used for making STD calls.

137. Who among the following Indian Lawn Tennis players
won a Doubles of Australian Open 2012?

Mahesh Bhupathi
Kamlesh Mehta
Leander Paes Sania Mirza
Achanta Sarath Kamal

138. Class 'K.-152 Nerpa was inducted in Indian
Navy recently. These are

Aircraft
Radar Systems
Submarines Missile
Warships
Submarines

139. Which of the following awards was conferred upon late
Mario de Miranda (posthumously) in January 2012?

Padma Vibhushan
Bharat Ratna
Kalidas Samman
Saraswati Samman
Padmashri

140. Bad advances of a Bank are called

Bad debt
Book debt
Non-Performing Asset
Out-of-order accounts
Overdrawn accounts

141. Axis Bank is a

Public Sector Bank
Private Sector Bank
Co-operative Bank
Foreign Bank
Gramin Bank

142. By increasing repo rate, the economy may observe the
following effect(s):

Rate of interest on loans and advances will be costlier.
Industrial output would be affected to an extent.
Banks will increase rate of interest on deposits.
Industry houses may borrow money from foreign countries.
All of these

143. Increased interest rates, as is existing in the economy at present, will

Lead to higher GDP growth
Lead to lower GDP growth
Mean higher cost of raw materials
Mean lower cost of raw materials
Mean higher wage bill

144. Which of the following schemes has been launched to
provide pension to people in unorganised sectors in India?

Swabhiman
Jeevan Dhara
Jeevan Kalyan
ASHA
Swavalamban

145. The 10th Basic Ministerial Meeting on Climate Change
was organised in February 2012 in

Tokyo
Beijing
Manila
Moscow
New Delhi

146. Finance Ministry has asked the Reserve Bank of India
to allow common ATMs that will be owned and managed by
non-banking entities, hoping to cut transaction costs for
banks. Such ATMs are known as

Black Label ATMs
Offsite ATMs
On-site ATM's or Red ATMs
Third Party ATMs
White Label ATMs

147. Which of the following schemes of the Govt of India has
provided electricity to 99000 villages and total 1.7 crore
households uptil now?

Kutir Jyoti
Rajiv Gandhi Grameen Vidyutikaran Yojana
Bharat Nirman
PURA SEWA

148. Ranbir Kapoor was awarded Best Actor Award in 57th
Filmfare Award Function for his performance in

No One Killed Jessica
Stanley Ka Dabba
7 Khoon Maaf Rockstar
Zindagi Na Milegi Dobara

149. An ECS transaction gets bounced and you are unable to
recover your money from your customer. Under which Act
can criminal action be initiated?

Indian Penal Code
Negotiable Instruments Act
Criminal Procedure Code
Payment and Settlements Act
Indian Contract Act

150. Rajendra had filed a complaint with Banking
Ombudsman but is not satisfied with the decision. What is
the next option before him for getting his matter resolved?

Write to the CMD of the Bank
File an appeal before the Finance Minister
File an appeal before the Banking Ombudsman again
File an appeal before the Dy Governor of RBI
Simply close the matter as going to court involves time and money