MOST EXPECTED QUESTIONS FOR IBPS CLERK

1- Which apex body in India regulate the capital market? 

Ans- SEBI(securities and exchange board of india)

2- Which type of organization is MCX?
Ans- public sector

3- What is the tagline of MCX?
Ans- Trade with Trust

4- In which year CRISIL was founded? 
Ans- 1987. 

5- In which year, MCX has come out with a public issue of 6,427,378 Equity Shares of Rs. 10 face value in price band of 860 - 1032 Rs. per equity share to raise around $134 million?
Ans- February 2012

6- Which Indian exchange offered first ever Initial Public Offer?
Ans- MCX

7- Which commodity exchange is the first and only commodity exchange in India?
Ans- MCX COMDEX.


8- Which commodity is not traded by MCX COMDEX? 
Ans-Petroleum.

9- Which commodity exchange in India is world’s fifth largest commodity exchange?
Ans- MCX

10- In which year MCX was founded in India?
Ans- 2003


11- What is Self Help Groups?
Ans- A Self-Help Group (SHG) is a village-based financial intermediary usually composed of 10–20 local women or men.


12- Typically it is which kind of entrepreneurs?
Ans- Micro entrepreneur.

13- What is the goal of SHGs?
Ans- Self-help Groups are seen as instruments for a variety of goals including empowering women, developing leadership abilities among poor people, increasing school enrollments, and improving nutrition and the use of birth control.


14- Which organization in India supported Self Help Groups?
Ans- NABARD.


15- How many members should be in Self Help Groups?
Ans- 10-20 local men and women.


16- What is the tenure of Self Help Groups? 
Ans – 36 months.


17- What is the maximum limit for each Self Help Groups?
Ans- Rs 750,000.


18- What is the rate under which commercial bank do not lend credit to customers?
Ans- Base rate.


19- What is the current rate of bank rate? 
Ans- 8.75%


20- What is latest repo rate and reverse repo rate?
Ans- 7.75 and 6.75%


21- The ratio , which a bank has to maintain itself in the form of liquid?
Ans- Statutory Liquidity Rate


22- What is the current SLR?
Ans- 23%


23- What is the current CRR at present? 
Ans- 4%


24- Who is the Governer of Reserve bank of India?
Ans- Raghuram Rajan.


25- Who is the first governer of RBI?
Ans- Sir Osborn smith


26- On the recommendations of which committee , RRBs were established?
Ans- Narsimha committee


27- What is the name of first regional rural banks?
Ans- Prathama bank


28- In which state first RRB was established? 
Ans- Uttar Pradesh


29- Regional Rural Banks Act ,-----? 
Ans- 1976.


30- The Regional Rural Banks(amendments) Bill presented in which year? 
Ans- 2013


31- Who is the key people of Bhartiya Mahila bank? 
Ans- Usha Ananthsubramanian


32- At present in india, how many RRBs are there? 
Ans- 67


33- How many RRBs were merged into the 10 RRBS? 
Ans- 25 RRBs


34- How many banks were nationalized first time? 
Ans- 14


35- In which year nationalization of 14 banks were done in India? 
Ans- 1969.


36- A second dose of nationalization of 6 more commercial banks followed in which year? 
Ans- 1980.


37- On which day, Human Rights day observed across the world? 
Ans- 10 december


38- Which organization chosen this date for Human Rights day? 
Ans- United Nations General Assembly.


39- What is theme of human rights day 2013? 
Ans- “20 years working for your rights”.


40- Who is the Secretary-General of United Nations?
Ans- Ban-Ki-Moon(since 2007)


41- Where is the headquarter of United Nations?
Ans- NewYork


42- How many languages are the official language of United Nations?
Ans- Arabic , English, French, Mandarin, Russian, Spanish.


43- The time limit for resolution of customer complaints in banks has been reduced from 12 days to how many days?
Ans- 7 days.

44- What is the full form of MGNREGA?
Ans- Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA).


45- How many days is in MGNREGA? 
Ans- 100 days.


46- IFSC Alphanumeric code contain how many digits?
Ans- This is an 11-character code with the first four alphabetic characters representing the bank, and the last seven characters (usually numeric, but can be alphabetic) representing the branch. The fifth character is 0 (zero).


47- What is the full form of IFSC ?
Ans- Indian Financial System Code (IFSC)


48- Where IFSC is used in banking?
Ans- IFSC is used by the NEFT & RTGS systems to route the messages to the destination banks/branches


49- What is the minimum and maximum limit of investment in plant and machinery for a micro (manufacturing) enterprise?
Ans- 2.5 lakh to 25 lakh


50- What is the minimum and maximum limit of investment in plant and machinery for a small(manufacturing) enterprise?
Ans- More than 25 lakh rupees but less than 5 crore rupees.


51- What is the minimum and maximum limit of investment in plant and machinery for a medium(manufacturing) enterprise?
Ans- More than 5 crore rupees and less than 10 crore rupees.


52- What is the minimum and maximum limit of investment in euipments for a micro (service) enterprise?
Ans- Less than 10 lakh.


53- What is the minimum and maximum limit of investment in euipments for a small (service) enterprise?
Ans- More than 10 lakh rupees and less than 2 crore rupees.


54- What is the minimum and maximum limit of investment in euipments for a medium (service) enterprise? 
Ans- More than 2 crore rupees and less than 5 crore rupees.


55- What is the year of passing Micro, Small and Medium Enterprise Act (MSME)? 
Ans- 2006


56- What is meant by Priority Sector Lending? 
Ans- Priority sector lending include only those sectors as part of the priority sector, that impact large sections of the population, the weaker sections and the sectors which are employment-intensive such as agriculture, and Micro and Small enterprises.


57- How many specialized branches for lending to MSMEs are in India? 
Ans- As on March 2013 there are 2032 specialized MSME branches.


58- What is cluster financing? 
Ans- Cluster financing is to lending is intended to provide a full-service approach to cater to the diverse needs of the MSE sector which may be achieved through extending banking services to recognized MSE clusters.


59- What is the full form of (RSETIs)? 
Ans- Rural Self Employment Training Institutes (RSETIs).


60- What is the full form of (BCSBI)? 
Ans- Banking Codes and Standard Board of India (BCSBI).


61- How many credit rating agencies are in India?
Ans- 8 credit rating agencies are in India.

62- Names of the credir rating agencies in india?
 Ans- CIBIL
 Credit Environment India
 CRISIL  Equifax
 Experian
 High Mark Credit Information Services
 ICRA Limited
 SME Rating Agency of India.


63- What is the full form of CRISIL?
Ans- Credit Rating Information Services of India Limited.


64- Full form of CIBIL.
Ans- Credit Information Bureau (India) Limited (CIBIL).


65- Which is the India’s first credit Information Company(CIC)? 
Ans- CIBIL.


66- In which year CIBIL was established in India? Ans- August 2000. 67- Where is the headquarter of CRISIL? 
Ans- Mumbai.


68- Where is the headquarter of CIBIL? 

Ans- Mumbai. 

69- Who is the CEO and MD of MCX?
Ans- Krishna Mohan Sahni.

70- Where is the headquarter of MCX situated?
Ans- Mumbai, india.