7/31/2019 IBPS 2012 SOLVED Practice Set to test Economy, Banking & Marketing Current Affairs Knowledge for IBPS PO Exa… http://slidepdf.com/reader/full/ibps-2012-solved-practice-set-to-test-economy-banking-marketing-current 1/19 IBPS 2012 Solved practice sets for IBPS PO http://ibpsnews.in Page 1 1. Reserve Bank of India deregulated non-resident external (NRE) deposits on 16 December 2011 allowing banks to offer higher interest rates to dollar-denominated accounts. Which of the following facts related to the above statement is/are not true? 2. Reserve Bank freed the rates on non-resident external accounts, offering interest as high as 9.6% per annum 3. Following RBI’s deregulation five Indian banks, including HDFC Bank and Yes Bank on 23 December 2011 raised their interest rates on such deposits in order to lure foreign money 4. Private lender Yes Bank increased the interest rates on fixed deposits held by non-resident Indians (NRIs) to 8.4 per cent from 3.82 per cent 5. The new rates are effective from 24 December for fresh deposits as well as those being renewed on maturity. a. 1 & 2 b. Only4 c. Only 3 d. 1 & 4 Answer: (c) 2. According to the RBI data, India's foreign exchange reserves fell by what amount to $302.1 billion during the week ended 16 December 2011 on account of a fall in foreign currency assets? a. $4.67 billion b. $3.33 billion c. $5 billion d. $5.75 billion Answer: (a) 3. According to the Tea Board data released in December 2011, tea imports declined by what per cent to 9.91 million kg in the April-October period of 2011? a. 10% b. 12.5% c. 14% d. 15.3% Answer: (c) 4. Infrastructure sector recorded a growth of what per cent in Novemberr 2011 after touching five-year low of 0.3% in October 2011 due to an impressive growth in cement, electricity and refinery products? a. 2.3% b. 3.9% c. 4.6% d. 6.8% Answer: (d)
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IBPS 2012 SOLVED Practice Set to test Economy, Banking & Marketing Current Affairs Knowledge for IBPS PO Exam 2012
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7/31/2019 IBPS 2012 SOLVED Practice Set to test Economy, Banking & Marketing Current Affairs Knowledge for IBPS PO Exa…
IBPS 2012 Solved practice sets for IBPS PO http://ibpsnews.in Page 1
1. Reserve Bank of India deregulated non-resident external (NRE) deposits on 16 December
2011 allowing banks to offer higher interest rates to dollar-denominated accounts. Which of thefollowing facts related to the above statement is/are not true?
2. Reserve Bank freed the rates on non-resident external accounts, offering interest as high as
9.6% per annum
3. Following RBI’s deregulation five Indian banks, including HDFC Bank and Yes Bank on 23
December 2011 raised their interest rates on such deposits in order to lure foreign money
4. Private lender Yes Bank increased the interest rates on fixed deposits held by non-resident
Indians (NRIs) to 8.4 per cent from 3.82 per cent
5. The new rates are effective from 24 December for fresh deposits as well as those being
renewed on maturity.
a. 1 & 2
b. Only4
c. Only 3
d. 1 & 4
Answer: (c)
2. According to the RBI data, India's foreign exchange reserves fell by what amount to $302.1billion during the week ended 16 December 2011 on account of a fall in foreign currency assets?
a. $4.67 billion
b. $3.33 billion
c. $5 billion
d. $5.75 billion
Answer: (a)
3. According to the Tea Board data released in December 2011, tea imports declined by what per
cent to 9.91 million kg in the April-October period of 2011?
a. 10%
b. 12.5%
c. 14%
d. 15.3%
Answer: (c)
4. Infrastructure sector recorded a growth of what per cent in Novemberr 2011 after touching
five-year low of 0.3% in October 2011 due to an impressive growth in cement, electricity and
refinery products?
a. 2.3%
b. 3.9%
c. 4.6%
d. 6.8% Answer: (d)
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c. CCI
d. SEBI
Answer: (d)
20. As per the Wholesale Price Index, published by the government on 16 January 2012,
Reduced food prices caused the inflation to dip to a year low at what per cent in December
2011?
a. 7.47%
b. 7.65%c. 6.33%
d. 5.41%
Answer: (a)
21. Centre for Monitoring Indian Economy (CMIE) estimated Corporate India’s sales to grow
by what per cent in 2011-12?
a. 21.6%
b. 20.8%
c. 22d. 23.7%
Answer: (a)
22. According to the report by Gems and Jewellery Export Promotion Council (GJEPC)
released in January 2012, gems and jewellery exports fell into the negative zone to $3 billion in
December 2011. What per cent fall did it register in the month in question?
a. 10.33%
b. 12.17%
c. 13.33%
d. 15%
Answer: (d)
23. Reserve Bank of India (RBI) on 24 January 2012 cut the cash reserve ratio (CRR) by 50
basis point. The current CRR stands at what percent?
a. 5%
b. 5.5%
c. 6%
d. 6.5%
Answer: (b)
24. The Reserve Bank of India on 24 January 2012 also kept the repo rate unchanged for the
second consecutive time after raising it 13 times between March 2010 and October 2011. What is
the present repo rate?
a. 8%
b. 7.5%
c. 8.5%
d. 9%
Answer: (c)
25. The poor performance of National Pension System, or NPS led the Pension Fund
Regulatory and Development Authority (PFRDA) to change the incentive structure for thedistributors. Which of the following statements in this regard is/are not true?
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1. The pension regulator on the basis of the recommendation of the G.N. Bajpai committee
constituted by PFRDA to review NPS, fixed the incentive at 0.25% of the subscription amount
2. As per PFRDA’s measures announceds, a distributor will get a flat Rs 50 on initial
subscription and 0.05% of the initial subscription amount
3. Every year on subsequent investments, the point of presence will be entitled to 0.25% of that
amount.
4. The minimum that a point of presence can charge is Rs 20 and the maximum Rs 25000.
a. Only 1b. Only 2
c. Only 3
d. Only 4
Answer: (b)
26. Market regulator, Securities and Exchange Board of India (SEBI) on 28 January 2012
decided to enhance the minimum investment amount per client managed by portfolio managers.
Which of the following facts are not true with respect to the above statement?2. SEBI decided to enhance the minimum investment amount per client managed by portfolio
managers to Rs.25 lakh from Rs.5 lakh
3. insurance companies and mutual funds, which are broad-based investment vehicles
representing the interests of the public at large to be included in the provisions of SEBI (Issue of
Capital and Disclosure Requirements) Regulations
4. As per the current norm, SEBI (ICDR) Regulations preclude companies from issuing
preferential allotment to entities which have sold any of their holdings during the six months
prior to the relevant date
5. SEBI approved changes in the SEBI (Mutual Fund) Regulations, 1996, which ask the asset
management companies (AMCs) to ensure a fair treatment to all investors.
a. Only 1
b. Only 2
c. Only 3
d. Only 4
Answer: (b)
27. The Union government in January 2012 decided to subscribe to preferential equity shares
issued by which of the two public sector banks?
a. SBI & PNB
b. PNB & Union Bank
c. SBI & UCO
d. Bank of Baroda & Canara Bank
Answer: (a)
28. According to the data released by the Commerce and Industry Ministry on 30 January 2012,
the growth rate of eight core industries slowed down to what per cent in December 2011 from
6.3 per cent in December 2010?
a. 2.5%
b. 3.1 %c. 4%
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d. 5.2%
Answer: (b)
29. The apex decision-making body of the communications ministry, the Telecom Commission
decided to allow mobile phone companies to share spectrum. Identify the statement which is
incorrect.1. The Commission has however limited this facility to 3G airwaves alone
2. Only those operators that have airwaves in a particular region can share it. Spectrum can be
shared only between two spectrum holders
3. Two companies can share airwaves only if their combined holdings do not exceed the limits
prescribed in the M&A norms
4. Spectrum sharing deals will also have to be renewed every five years
a. Only 4
b. Only 2
c. Only 1
d. 2 & 3Answer: (c)
30. The Union government on 31 January 2012 revised the economic growth rate for 2010-
2011 financial year to what percent in comparison to the previous estimate of 8.5 percent?
a. 8%
b. 8.4%
c. 7.5%
d. 7%
Answer: (b)
31. There were as many as 1359 foreigners, who availed themselves of the Visa on Arrival
scheme in January compared with 790 in January 2011. What was the per centage growth
recorded in number of foreigners availing Visa on Arrival (VoA) scheme in January 2012?
a. 70%
b. 72%
c. 75%
d. 82%
Answer: (b)
32. As per the provisional figures of exports released on 9 February 2012, India’s exports in
January 2012 rose to what per cent to $25.4 billion?
a. 10.1%
b. 7%
c. 12.32%
d. 8.3%
Answer: (a)
33. Reserve Bank of India (RBI) on 14 February 2012, issued the ‘Draft Circular for
Deployment of White Label Automated Teller Machines (WLAs) from non-bank entities. Which
of the following facts related to this statement is/are not true?
1. The WLA operator can choose the location of the WLA. However, it will have to adhere toannual targets and the ratio of WLA between Tier I &II and Tier III-VI centres that may be
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a. 2 & 4
b. Only 3
c. 1 & 4
d. Only 4
Answer: (b)
53. According to comptroller and auditor general’s draft report titled ‘Performance Audit Of Coal Block Allocations’, the government lost what amount of money by not auctioning coal
blocks between 2004 and 2009?
a. Rs 10 lakh crore
b. Rs 8.7 lakh crore
c. Rs 7.75 lakh crore
d. Rs 10.67 lakh crore
Answer: (d)
54. Union government raised interest rates on post office-operated small savings like MonthlyIncome Scheme (MIS) and Public Provident Fund (PPF) by what per cent in March 2012?
a. O.5%
b. 1.1%
c. O.75%
d. 1.75%
Answer: (a)
55. Union Power Ministry did not approve of the gas price pooling mechanism within the
power sector as proposed by the Ministry of Petroleum and Natural Gas. With reference to the
statement which of the following facts are not true?
1. The Power Ministry deemed the pooling price mechanism with 7 mmscmd of additional
RLNG to be non-workable
2. As per the Power Ministry the pool proposed to be formed could only envisage 20-25 per
cent of RLNG with 75-80 per cent of domestic gas
3. Petroleum Ministry specifically stated that no new power plants will be considered for gas
allocation till 2019-20 5. Until 2013-14, only around 7 mmscmd of RLNG is expected to be imported due
to infrastructure constraints
a. Only 1
b. 2 & 3
c. Only 3
d. Only 2
Answer: (c)
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61. Reserve Bank of India (RBI) on 3 April 2012 released 'Quarterly Statistics on Deposits and
Credit of Scheduled Commercial Banks, September 2011. Which of the following facts are not
true with respect to the mentioned statement?
1. The data included in the release were based on Basic Statistical Return (BSR)-10 received
from all scheduled commercial banks (excluding RRBs)
2. The number of banked centres of Scheduled Commercial banks stood at 35,435. 27,913 of
these centres were single office centres and 68 centres had 100 or more bank offices
3. State Bank of India and its Associates accounted for 21.8 per cent of the aggregate deposits4. the credit-deposit (C-D) ratio of All Scheduled Commercial Banks (SCBs) at all India level
as on 30 September 2011 stood at 74.4 per cent
a. Only 1
b. 2 & 3
c. Only 4
d. 3 & 4
Answer: (a)
62. India's exports grew by what per cent in February 2012 to USD 24.6 billion marking the
slowest growth in three months?
a. 3%
b. 4.2%
c. 3.7%
d. 5.1%
Answer: (b)
63. As per the Ernst & Young’s quarterly Rapid Growth Markets Forecast (RGMF), India is
likely to grow at what per cent in calendar year (CY) 2012?
a. 7%
b. 7.5%
c. 6.1%
d. 6.6%
Answer: (c)
64. Reserve Bank of India on 3 April 2012 tightened the reporting requirements of the banks to
monitor gold import. Consider the statements given below and which of the following is true?
1. As per the directions issued, banks will have to submit a monthly statement informing the
central bank about the quantity of gold imported as well as the mode of payment adopted
2. The directive was issued amidst concerns of huge outflow of foreign exchange on import of
gold which is believed to be putting pressure on the India's current account deficit (CAD).
a. Only 1
b. Only 2
c. Both 1 & 2
d. None of the above
Answer: (c)
7/31/2019 IBPS 2012 SOLVED Practice Set to test Economy, Banking & Marketing Current Affairs Knowledge for IBPS PO Exa…