Banking Awareness-IBPS PO/RRB/CLERK/SBI PO/UIICL

Banking Awareness for IBPS Exam 2017

Q1. Standard & Poor's (S&P) Global Ratings and its predecessor organizations have been in business for more than 150 years. (S&P) based in-
(a) New York, USA
(b) London, UK
(c) Paris, France
(d) Vienna, Austria
(e) Geneva, Switzerland
Sol. Standard & Poor’s Financial Services is an American (New York, USA) financial services company. It is a division of S&P Global that publishes financial research and analysis on stocks, bonds and commodities.

Q2. Which is a full service credit rating agency exclusively set up for micro, small and medium enterprises?
(a) CRISIL
(b) ICRA
(c) CARE
(d) ONICRA
(e) SMERA
Sol. SMERA Ratings Limited (formerly SME Rating Agency of India Ltd.) is a full service credit rating agency exclusively set up for micro, small and medium enterprises.

Q3. Which of the following is an independent banking industry watchdog that protects consumers of banking services in the country?
(a) BBB
(b) IBA
(c) BCSBI
(d) IBRD
(e) RBI
Sol. The Banking Codes and Standards Board of India (BCSBI) is an independent banking industry watchdog that protects consumers of banking services in India.

Q4. The Banking Codes and Standards Board of India (BCSBI) was registered as a society under the _____________ in February 2006.
(a) Companies Act, 1956
(b) Societies Registration Act, 1860
(c) Banking Regulation Act, 1949
(d) Reserve Bank of India Act, 1934
(e) None of the given options is true
Sol. The Banking Codes and Standards Board of India was registered as a society under the Societies Registration Act, 1860 in February 2006. It functions as an independent and autonomous body. Membership of BCSBI is voluntary and open to scheduled banks.  

Q5. Where is the head office of SMERA?
(a) Chennai
(b) Gurugram
(c) New Delhi
(d) Mumbai
(e) Bengaluru
Sol. SMERA has its Registered and Head Office in Mumbai, branches at 9 cities and representatives in more than 50 clusters across India.

Q6. Name the Private sector Bank, which has received $150 million funding from the US government and Wells Fargo to increase lending to support women entrepreneurs and small and medium-sized enterprises in India.
(a) Axis Bank
(b) ICICI Bank
(c) Yes Bank
(d) Kotak Mahindra Bank
(e) South Indian Bank
Sol. Private sector YES Bank has received $150 million funding from the US government and Wells Fargo to increase lending to support women entrepreneurs and small and medium-sized enterprises in India. 

Q7. What is the minimum amount to be remitted through RTGS-
(a) Rs.2 lakh
(b) Rs.10 lakh
(c) Rs.1 lakh
(d) Rs.5 lakh
(e) Rs.20 lakh
Sol. The minimum amount to be remitted through RTGS is Rs2 lakh. 

Q8. Which Bank has tied up with PFG Forex for remittance facility for the benefit of Indian expatriates from Australia. The new facility will leverage the bank to reach the Indian diaspora?
(a) Axis Bank
(b) ICICI Bank
(c) Bank of Baroda
(d) State Bank of India
(e) South Indian Bank
Sol. South Indian Bank has tied up with PFG Forex for remittance facility for the benefit of Indian expatriates from Australia. The new facility will leverage the bank to reach the Indian diaspora.

Q9. FINO Payments Bank has commenced operations as a payments bank with effect from 30th June 2017 according to the Reserve Bank of India. Where is the head office of FINO Payments Bank?
(a) Chennai
(b) Jaipur
(c) Bengaluru
(d) Mumbai
(e) Chennai
Sol. FINO Payments Bank has commenced operations as a payments bank with effect from 30th June 2017 according to the Reserve Bank of India. The Head Office of FINO PayTech Ltd. is in Mumbai and it was one of the 11 applicants which were issued in-principle approval for setting up a payments bank. 

IBPS PO- Reasoning Ability

Q(1-5) Study the given data and answer the following questions
Eight persons- A,B,C,D,E,F,G and H live on a building which has Eight floors with top floor as number 8. They like different vegetables Brinjal, Carrot, Cabbage, Drum Stick, Ladies Finger, Potato, Pumpkin and Tomato. They also weigh different weights 40,42,48,54,55,56,57 and 61kg not necessarily in same order .
One who likes Tomato lives on an odd number floor. Three persons live between one who likes Potato and B. Two persons live between one who weighs 42Kgs and A. Three persons live between the person who weighs 55Kgs the person who weighs 40Kgs. F lives on an odd number floor. F is the heaviest of all. One who likes Carrot lives on the top floor. One who likes Drum Stick lives on an odd number floor but not on the floor no 3. One who likes Tomato and Cabbage lives on consecutive floors. D weighs more than B but less than H. H lives above D. E weighs more than C. G weighs less than B. One who likes Potato lives on
an odd number floor. Two persons live between B and one who weighs 54. Three persons live between the person who weighs 54Kgs and the person who weighs 42Kgs. Three people live between A and the person who weighs 55Kgs. G likes Brinjal lives on an odd number floor above the person who weighs 40Kgs. There are two floors between one who likes Drum Stick and Pumpkin. A lives above B.

1. Who among the following likes Tomato?
   A. A
   B. C
   C. D
   D. F
   E. H
2. Who among the following lives on Floor no 1?
   A. B
   B. D
   C. F
   D. E
   

Last Minute Tips- IBPS PO Prelims

IBPS PO Prelims 2017 Last Minute Tips

The preliminary exam for IBPS PO will be conducted online and will have 100 questions for 60 minutes. Candidates will have to manage those 60 minutes themselves while dealing with three sections- Reasoning (35 Ques), Quantitative Aptitude (35 Ques), and English (30 Ques). We are here providing some Pro Tips for each of these sections that can help you score in IBPS PO Prelims 2017.

English Language

Nowadays the approach for this section is more towards practical usage so always stay prepared for the unexpected. After all English is a language and essentially there are two most important aspects of a language its syntax and semantics. Revise grammar rules, relax and don't overburden yourself with the thought of the new pattern.

• Practice Memory Based Papers of SBI 2017, IBPS 2016 to get an idea of all possible combinations of questions that you might face this year.
• Try to solve questions from comprehension first, but do keep a check on time. You can skip those questions which require you to invest more time in the given passage. 
• Use the method of skimming for reading comprehension.
• Read the directions carefully and attempt the conventional pattern questions first. Cloze Test, Fillers can save your day.
• Use the method of elimination to save time.
• Don't try to attempt all the questions, attempt those you are confident with. Keep in mind that your mistake will cost you 0.25 marks
• Finish this section within 12-15 minutes.

Quantitative Aptitude

The first and most basic tip to help you clear quantitative aptitude section’s cut off is that you should work on your calculation speed. If you want to score in Maths you know you must calculate faster. In fact, this section is most scoring if you have practiced enough as you cannot be sure of your answers in language section and you might trip while solving puzzles but whereas questions of arithmetic are concerned you can be sure if you can solve it, if your answer is right or not.

Current Affairs October 2, 2017

Dear Reader's

INDIAN AFFAIRS

All cities and towns in five more States declared Open Defecation Free
On October 2, 2017, Minister of Housing and Urban Affairs Mr. Hardeep Singh Puri announced that five more States viz., Madhya Pradesh, Maharashtra, Chattisgarh, Jharkhand and Haryana have reached the milestone of making all cities and towns Open Defecation Free. It is to be noted that On October 2, 2017, ‘Swacch Bharat Mission’ completed three years.
Overview of Progress towards ‘Swacchata’ in urban areas:
i. As against the target of building about 66 lakh individual household toilets in urban areas, 38 lakh toilets have already been built and construction of another 14 lakh toilets is in progress.
ii. Over two lakh community and public toilet seats have been built so far. The mission target is to build five lakh toilet seats.
iii. With a focus on Solid Waste Management, Government is now putting efforts to generate over 500 MW of electricity and over 50 lakh tons of compost from municipal solid waste to enable processing of the entire solid waste being generated in urban areas.
iv. Mr. Puri informed that over 80 lakh people spread over 3.50 lakh activities in urban areas participated in the fortnight long ‘Swacchata Hi Sewa’ campaign which concluded on October 2, 2017.

Rajghat gets Mahatma’s statue for the first time
Rajghat, the Samadhi of Mahatam Gandhi in Delhi, has for the first time acquired a statue of Mahatma Gandhi. The statue was unveiled by Vice-President of India Mr. M.Venkaiah Naidu on October 2, 2017, on the occasion of the 148 Birth Anniversary of Mahatma Gandhi.
Specification of Mahatma Gandhi’s Statue at Rajghat:
i. The statue is 1.80 metre tall and is made of bronze.
ii. It has been sculpted by renowned Indian sculptor, Mr. Ram Sutar.
iii. The statue has been installed in the Parking Area of Rajghat Samadhi Complex at a cost of Rs.8.73 lakhs. 
iv. The famous message of Gandhi ji “Be the Change You Wish to See” is inscribed on the front side of the

Reasoning Aptitude Questions for IBPS-RRB/SBI CLERK/PO Exam

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

W 1 5 E J R 2 M A 9 T K U N 4 B I 8 D H 3 F 6 P Z 7 Q

1. How many such consonants are there, each of which is immediately preceded by a number and immediately followed by a vowel?

1) None 

2) One 

3) Two 

4) Three 

5) More than three

2. Which of the following is the seventh to the left of 4 ?

1) M 

2) A 

3) F 

4) 3 

5) None of these

3. How many such vowels are there, each of which is immediately preceded and also immediately followed by a consonant?

1) None 

2) One 

3) Two 

4) Three 

5) More than three

Quantitative Aptitude Questions for IBPS/SBI CLERK/PO Exam

Q15. In a 140L of mixture of milk and water percentage of water is only 30%. This milkman gave 20L of this mixture to a customer. Then, the added equal quantities of pure milk and water to the remaining mixture. As a result the respective ratio of milk and water in the mixture become 2 : 1. What was the quantity of milk added?  

(a) 12L

(b) 16L

(c) 18L

(d) 8L

(e) 10L 

Q2. There are two vessels A and B. Vessel A is containing 40L of pure milk and vessel B is containing 22L of pure water. From vessel A, 8L of milk is taken out and poured into vessel B. Then, 6L of mixture (milk and water) is taken out from vessel B and poured into vessel A. What is the ratio of the quantity of pure milk in vessel A to the quantity of pure water in vessel B?  

(a) 14 : 9

(b) 21 : 11

(c) 24 : 13

(d) 14 : 5 

(e) 21 : 13  

Q3. In two vessels A and B, there is mixture of milk and water. The ratio of milk and water in these vessels is 5 : 2 and 8 : 5, respectively. In what ratio these mixtures be mixed together, so that the ratio of milk and water in the new mixture becomes 9 : 4?  

(a) 7 : 2

(b) 2 : 7

(c) 3 : 5

(d) 5 : 3 

(e) 7 : 9 

Q4. A and B are two alloys of gold and copper prepared by mixing metals in the ratio 7 : 2 and 7 : 11, respectively. If equal quantities of the alloys are melted to from a third alloy C, the ratio of gold and copper in C will be  

(a) 5 : 7

(b) 5 : 9

(c) 7 : 5

(d) 9 : 5

(e) None of these 

Q5. When one litre of water is added to a mixture of acid and water, the new mixture contains 20% acid. When one litre of acid is added to the new mixture, then the resulting mixture contains 100/3% acid. The percentage of acid in the original mixture was  

(a) 20%

(b) 22%

(c) 24%

(d) 25%

(

English Quiz For IBPS/SBI CLERK/PO Exam

Directions (1-5): Some questions have a sentence with two blanks followed by five pairs of words as choices. Others have a single blank followed by five words as choices. From the choices, select the word/pair of words that can best complete the given sentences and mark its number as your answer.

Q1. On view are ________ works by various artists from different cities.

(a) segregated

(b) amalgamated

(c) coherent

(d) assorted

(e) displayed

Q2. There can be no ________ that blind beliefs will have to be ________.

(a) denial . . . erased

(b) cause . . . removed

(c) reason . . . undermined

(d) dispute . . . forgotten

(e) doubt . . . restored

Q3. Italians generously sprinkled pepper on their food to ________ their wealth, as only the rich could ________ it.

(a) value . . . bear

(b) flaunt . . . afford

(c) exhibit . . . endure

(d) squander . . . gain

(e) preserve . . . collect it

Q4. The ancient Greeks were known for their ________ health.

(a) elegant

(b) pristine

(c) robust

(d) enduring

(e) radiating