Home Job IBPS SO 2021 Prelims on 26th December: Practice Important Banking Awareness Questions with Answers

IBPS SO 2021 Prelims on 26th December: Practice Important Banking Awareness Questions with Answers

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IBPS SO 2021 Prelims: Observe Vital Common Consciousness (with Particular Reference to Banking Business) Questions with Solutions for the posts of Regulation Officer and Rajbhasha Adhikari.

IBPS SO 2021 Prelims Common Consciousness (with Particular Reference to Banking Business): The IBPS SO 2021 Prelims shall be held on twenty sixth December 2021. The Institute of Banking Personnel Choice (IBPS) shall be conducting the IBPS SO 2021 in two phases – On-line Preliminary and On-line Principal exams. The IBPS SO 2021 Mains shall be on thirtieth January 2022 to refill 1,828 Specialist Officers (SO) – Scale I throughout 11 taking part Public Sector Banks in the course of the CRP SPL-XI Recruitment Drive. The 1,828 Specialist Officers (SO) – Scale I posts embody IT Officer, Rajbhasha Adhikari, Agricultural Subject Officer, Regulation Officer, Advertising Officer, and HR/Personnel Officer. Solely shortlisted candidates within the IBPS SO 2021 Mains examination shall be referred to as for the Interview part. The IBPS SO 2021 Prelims Admit Card is obtainable to obtain until twenty sixth December 2021. On this article, candidates can follow 20 Vital Common Consciousness (with Particular Reference to Banking Business) Questions with Solutions for the posts of Regulation Officer and Rajbhasha Adhikari.

IBPS SO 2021: Vital Dates

IBPS SO 2021 Recruitment Course of

Vital Dates

On-line Software Registration Date

3rd November 2021 to 23rd November 2021

Final Date for On-line software

23rd November 2021

IBPS SO Prelims Admit Card Obtain

10th December 2021 to 26th December 2021

IBPS SO Prelims Examination Date

26th December 2021

IBPS SO Mains Examination Date

30th January 2022

IBPS SO Interview Date

February 2022/ March 2022 (Tentative)

IBPS SO 2021 Examination Sample: Prelims

The IBPS SO 2021 Prelims contains English Language, Reasoning Capacity, Common Consciousness (particular reference to banking business), and Quantitative Aptitude. Every part shall be allotted 40 minutes. There shall be a complete of 150 Goal A number of Alternative Questions (MCQs).  The medium of examination for Reasoning Capacity, Quantitative Aptitude, and Common Consciousness (with Particular Reference to Banking Business) shall be English & Hindi. The paper for the English Language shall be performed in English solely.  The IBPS SO 2021 Prelims examination shall be performed in on-line mode (post-wise).

NOTE: For the publish of Regulation Officer and Rajbhasha Adhikari, the sections within the IBPS SO 2021 Prelims shall be English Language, Reasoning Capacity, and Common Consciousness (particular reference to banking business). 

For the publish of Regulation Officer and Rajbhasha Adhikari

Part  No. of
Questions
Most
Marks
Medium of Examination Period 
English Language 50 25 English 40 Minutes
Reasoning 50 50 English & Hindi 40 Minutes
Common Consciousness (with Particular Reference to Banking Business) 50 50 English & Hindi 40 Minutes
Whole 150 125    

IBPS SO 2021: 20 Vital Common Consciousness (with Particular Reference to Banking Business) Questions with Solutions (Regulation Officer and Rajbhasha Adhikari)

Q1 When did the Banking Regulation Act come into impact?

  1. 16th January 1949
  2. 16th April 1949
  3. 16th March 1949
  4. 16th February 1949
  5. 16th Might 1949

Reply: C

The Banking Regulation Act, 1949 got here into impact on 16th March 1949. It was handed because the Banking Corporations Act, 1949 and was modified to Banking Regulation Act, 1949 on 1st March 1966.

Q2 What’s the rank of India within the International Change Reserve?

  1. 15th
  2. 2nd
  3. 4th
  4. 1st
  5. 12th

Reply: C

India presently ranks 4th among the many largest International Change Reserves on the earth with a Foreign exchange Reserve at USD 640.4 billion.

Q3. UIDAI (Distinctive Identification Authority of India) was established beneath which of the next?

  1. Ministry of Finance
  2. Ministry of Company Affairs
  3. NITI Aayog
  4. Ministry of Electronics & Info Expertise
  5. Ministry of Communications

Reply: D

The Distinctive Identification Authority of India is a statutory authority established beneath the provisions of the Aadhaar Act 2016 by the Authorities of India beneath the Ministry of Electronics & Info Expertise.

This autumn. What does FEMA stand for?

  1. International Change Administration Company
  2. International Change Administration Act
  3. Federal Change Administration Authority
  4. International Change Administration Administration
  5. Federal Emergency Administration Company

Reply: B

FEMA stands for International Change Administration Act. It was handed on 29th December 1999 as an Act of the Parliament of India to exchange the International Change Regulation Act (FERA).

Q5. When was the Monetary Literacy Week noticed in India?

  1. 8th to 12th December 2021
  2. 8th to 12th February 2021
  3. 8th to 12th September 2021
  4. 8th to 12th April 2021
  5. 8th to 12th August 2021

Reply: B

The Reserve Financial institution of India (RBI) observes Monetary Literacy Week (FLW) yearly since 2016 to lift consciousness round monetary training. In 2021, the RBI noticed FLW from 8th to 12th February with the theme ‘Credit score Self-discipline and Credit score from Formal Establishments’.

Q6. Financial institution of Baroda has launched bob World Wave. What’s it?

  1. Wearable Cost Resolution
  2. Banking Digital Actuality (VR) Resolution
  3. AI-enabled Chat Robotic
  4. Debit Card
  5. Cryptocurrency

Reply: A

Financial institution of Baroda in collaboration with the Nationwide Funds Company of India (NPCI) on 14th December 2021 launched the bob World Wave as a wearable machine that may monitor its prospects’ SpO2, coronary heart price, physique temperature, and blood stress. It features a 3-months free wellness package deal, contactless cost as much as Rs 5,000 in all NFC enabled PoS units, and a dummy plastic card with the serial quantity as printed on the bob World Wave wearable machine.

Q7. After the modification to the Deposit Insurance coverage and Credit score Assure Company (DICGC) Act, checking account holders in India can now entry their insured deposit inside what number of days?

  1. 180 days
  2. 60 days
  3. 90 days
  4. 120 days
  5. 40 days

Reply: C

The Centre had amended the DICGC Act in August 2021 to make sure that the checking account holders in India can entry their insured deposit inside 90 days in case of a financial institution coming beneath the moratorium imposed by the Reserve Financial institution of India (RBI).

Q8. What’s the first financial institution in India that makes use of satellite tv for pc knowledge for assessing the creditworthiness of farmers?

  1. Indian Abroad financial institution
  2. Axis Financial institution
  3. HDFC Financial institution
  4. ICICI Financial institution
  5. Punjab Nationwide Financial institution

Reply: D

ICICI Financial institution in August 2020 launched the utilization of satellite tv for pc knowledge together with imagery from Earth statement satellites for assessing the creditworthiness of its farmer buyer base. It measures a bunch of parameters akin to land, irrigation, crop patterns together with demographic & monetary paraments to challenge sooner lending choices for farmers.

 Q9. Who regulates the Non-Banking Monetary Corporations (NBFCs)?

  1. Reserve Financial institution of India (RBI)
  2. Nationwide Financial institution for Agriculture and Rural Improvement (NABARD)
  3. Securities and Change Board of India (SEBI)
  4. Ministry of Finance
  5. Banking Codes and Requirements Board of India (BCSBI)

Reply: A

The Reserve Financial institution of India (RBI) beneath the RBI Act 1934 regulates the working and operations of the NBFCs. The RBI has the ability to register, formulate insurance policies, challenge directives, examine, supervise & regulate the NBFCs.

Q10. What would be the minimal share shares holding of presidency within the Public Sector Banks (PSBs)?

  1. 26 per cent
  2. 70 per cent
  3. 45 per cent
  4. 51 per cent
  5. 65 per cent

Reply: A

The Banking Legal guidelines (Modification) Invoice, 2021, is slated to be launched within the Winter session of the Indian Parliament that may deliver down the minimal share shares holding of Authorities within the Public Sector Banks (PSBs) from 51 per cent to 26 per cent. As per the Banking Corporations (Acquisition and Switch of Undertakings) Act, 1970, the Authorities should maintain 51 per cent in Public Sector Banks (PSBs).

IBPS SO 2021 Admit Card – Download Link 

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