IBPS GENERAL AWARENESS PRACTICE QUESTIONS

1.  According to 2011 Human Development Index Report released on 2 November 2011 by United Nations Development Program, the rank of India is
      a) 128
      b) 134
      c) 131
      d) 136
      e) 127


2.  What is the name of e-payment system developed by Finance Ministry to provide
      facilities of direct credit of subsidies to the accounts of consumers of fertiliser,
      kerosene and cooking gas?
     a) Computerised Payment and Accounts (COMPACT)
      b) Centralized Funds Management System (CFMS)
      c) Government e-Payment Gateway (GePG)
      d) National Electronic Funds Transfer (NEFT)
      e)  None of the above

3.  Y H Malegam committee, constituted by RBI in Oct. 2010 to study the issues and
      concerns in microfinance sector had submitted its report to RBI. Which of the
      following recommendations is NOT given by the committee in its report?
     a) Bank lending to NBFC-MFIs will be entitled to "priority lending" status.
      b) Not more than two MFIs can lend to a single borrower
      c) A borrower can be a member of only one Self-Help Group (SHG)
      d) Total indebtedness of the borrower not to exceed Rs. One Lakh[...]

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