Some expected Questions & Topics for IBPS Clerk-3

IFSC

The full form of IFSC is Indian Financial System Code

How many digits are contained in IFSC 11
The first four characters represent the bank code
th
The 5 character of a IFSC code is - zero
The last 6 characters represent the bank branch code
The IFSC code facilitates - uniquely identifies a bank-branch participating in the NEFT system
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KYC
The full form of KYC is Know Your Customer
KYC was introduced by RBI
RBI introduced KYC guidelines for all banks in the year - 2002
The components of KYC Identity proof , address proof , photographs
The objective of KYC guidelines is to prevent banks from criminal money laundering
activities
KYC day is celebrated on First working day of august every year

NEFT
The full form of NEFT is National Electronic Fund Transfer
The minimum limit that could be transferred using NEFT No Limit
The maximum limit that could be transferred using NEFT No Limit
Can remittances be sent abroad using NEFT- No(except Nepal under the Indo-Nepal
Remittance Facility Scheme)
Can NEFT be used to transfer funds from / to NRE and NRO accounts-Yes
Maximum amount per transaction for cash-based remittances to Nepal is limited to Rs.50,000/

KISAN CREDIT CARD

The full form of KCC Kisan Credit Card

KCC scheme was intoduced by GOI , RBI , NABARD
KCC scheme was introduced in the year 1998
The objective of KCC is to fulfill the credit needs of farmers during cropping season through
banking system.

BSBDA
The full form of BSBDA is Basic Saving Bank Deposit Account
The BSBDA scheme is launched by RBI
Who can open BSBDA - Any individual, including poor or those from weaker section of the
society
BSBDA guidelines are applicable to -all scheduled commercial banks in India including
foreign banks having branches in India.
As per guidelines issued on 22 august 2012 by RBI, all the existing No-frill accounts opened
by the banks are now converted into BSBDA
What is the initial minimum deposit required while opening a Basic saving bank deposit
accounts Zero Balance

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 How many 'Basic Savings Bank Deposit Account' can an individual have in one bank Only
one
Whether there are any restrictions like age, income, amount etc criteria for opening BSBDA
by banks - No
The BSBDA helps in promoting Financial Inclusion
BASE RATE
What is base rate ? The minimum interest rate of a bank below which it cannot lend to
public
The BPLR(Benchmark prime lending rate)was introduced in the year - 2003
The BPLR was converted into base rate on july 2010
st
RBI made mandatory for all banks to introduced w.e.f. 1 July 2010
The minimum base rate is fixed by RBI
SAVING ACCOUNT

Saving Deposit Accounts are part of Demand deposits of banks

The objective of saving account is to encourage small savings done by people
The current interest rate on saving account as per RBI is 4 %
The minimum interest rate in saving deposit account is fixed by RBI

PUBLIC SECTOR BANKS

The majority stake in a public sector bank is held by Government of India(i.e.more than
50%)
How many public sector banks are operating within INDIA ? 27 (BMB recently added)
Among the public sector banks ,the number of nationalised banks are 19
The name of the newly established public sector bank Bhartiya Mahila Bank
The headquarter of BMB is located in New Delhi
The newly elected chairman of BMB is Usha Ananthasubramanian
BMB is started with the initial minimum capital of Rs.1000 crore
1st woman chairperson of SBI Arundhati Bhattacharya
OLYMPIC 2012

The summer Olympics 2012 was held in London,UK

The mascot of London Olympics 2012 - Wenlock
India won how many medals in 2012 summer Olympics 6
How many silver medals won by India in summer Olympics 2012 - 2
How many bronze medals won by India in summer Olympics 2012 4
Who won maximum number of medals in summer Olympics 2012 USA(46g,29s,29b=104)
The rank of India in summer Olympics 2012 55
Who won silver medal in shooting Vijay Kumar
Who won silver medal in wrestling Sushil Kumar
Who won bronze in shooting Gagan Narang
Yogeshwar Dutt won bronze in summer olympics2012.He is related to -wrestling
Who won bronze in boxing Mary Kom
Who won bronze in badminton Saina Nehwal
Who was the flag bearer from India in the opening of summer Olympics 2012 ? Sushil
Kumar

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 Who was the flag bearer from India in the closing of summer Olympics 2012? Mary Kom
ELECTRIC DATA CAPTURE MACHINE(EDC)
The full form of EDC Electric Data Capture
EDS is a computerized system designed for - collection of clinical data in electronic format

Q1. What is the Banking Ombudsman Scheme?

The Banking Ombudsman Scheme enables an expeditious and inexpensive forum to bank
customers for resolution of complaints relating to certain services rendered by banks.
Q2. When was the Banking Ombudsman Scheme introduced?
Introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from
1995.
Q3. Who is a Banking Ombudsman?
A senior official appointed to redress customer complaints against deficiency in certain
banking services
Q4. How many Banking Ombudsmen have been appointed till now?
As on date, fifteen Banking Ombudsmen with their offices located mostly in state capitals.
Q5. Which are the banks covered under the Banking Ombudsman Scheme, 2006?
All Scheduled Commercial Banks, Regional Rural Banks and Scheduled Primary Cooperative Banks.
Q6. When can one file a complaint?
One can file a complaint before the Banking Ombudsman if the reply is not received from the
bank within a period of one month after the bank concerned has received one s
representation, or the bank rejects the complaint, or if the complainant is not satisfied with the
reply given by the bank.
Q7. What is the procedure for filing the complaint before the Banking Ombudsman?
One can file a complaint with the Banking Ombudsman simply by writing on a plain paper.
One can also file it online (at click here to go to Banking Ombudsman scheme or by sending
an email to the Banking Ombudsman.
Q8. A micro enterprise is an enterprise where investment in plant and machinery does not exceed
_________.
Rs. 25 lakh;
Q9. A small enterprise is an enterprise where the investment in plant and machinery is
______________
More than Rs. 25 lakh but does not exceed Rs. 5 crore;
Q10. A medium enterprise is an enterprise where the investment in plant and machinery is
_______________________
More than Rs.5 crore but does not exceed Rs.10 crore
Q11. A micro enterprise is an enterprise where the investment in equipment does not exceed
___________
Rs. 10 lakh
Q12. A small enterprise is an enterprise where the investment in equipment is_______________
More than Rs.10 lakh but does not exceed Rs. 2 crore
Q13. A medium enterprise is an enterprise where the investment in equipment is ____________
More than Rs. 2 crore but does not exceed Rs. 5 crore
Q14. How many such specialized branches for lending to MSMEs are there. As on March 2013 how
many specialized MSME branches are there?
2032 specialized MSME branches.
Q16. Who appoints the Banking Ombudsman in India?

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 RBI
Q17. Bharat Nirman is _______________plan which was implemented by the Government of India in
order to provide some basic amenities to the rural India.
Rural infrastructure
Q18. Bharat Nirman have been sub-divided into how many sections?
six sections which includes;
Waters
Roads
Housing
Telephone
Electricity
Irrigation
Q19.When was Bharat Nirman launched in India ?
In 2005.
Q20. Bharat Nirman was implemented during _______________.
2005-06 to 2008-09.
Q21. Bharat Nirman is a time-bound plan for rural infrastructure by the Government of India in
partnership with State Governments and ________________
Panchayat Raj Institutions
Q22.Target of 60 lakh additional houses for the poor have been achieved till 2009.What is the new
target adopted under Bharat Nirman ?
1.2 crore houses by 2014
Q23. Base Rate is the rate below which no Bank can allowtheir lending to anyone.Who sets up this
Base Rate for Banks?
RBI
Q24.What is the full form of DICGC?
Deposit Insurance and Credit Guarantee Corporation
Q25. What is the maximum deposit amount insured by DICGC?
Rs. 100000 per depositor across all banks
Q26. Banking Ombudsman Scheme is applicable to the business of______________
All scheduled commercial banks including RRBs
Q27.What is the full form of PLR?
Prime lending rate
Q28.What is the full form of NPS?
National pension system
Q29. When was Pension Fund Regulatory and Development Authority (PFRDA) established in
India?
10th October, 2003
Q30. What is the objective of NPS?
To develop and regulate pension sector in the country.
Q31. When was National Pension System (NPS) launched in India?
1st January, 2004
Q32.What is the objective of National Pension System (NPS)?
Providing retirement income to all the citizens.
Q33. Initially, NPS was introduced for the new government recruits (except armed forces). With effect
from ________________NPS has been provided for all citizens of the country including the
unorganised sector workers on voluntary basis.
1st May, 2009,
Q34.Under NPS the subscriber will be allotted a unique (PRAN).What does it stand for?
Unique Permanent Retirement Account Number (PRAN
Q35.Who can get benefitted by NPS?

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Central Government Employees, State Government Employees, Corporate,

Individual(between the age of 18 and 60 years), Unorganised Sector Workers - Swavalamban
Yojana
Q36.Who is the regulator of NPS?
Pension Fund Regulatory and Development Authority (PFRDA)
Q37. What is the full form of SJGSY?
Swarnajayanti Gram Swarojgar Yojana
Q38. When was the Swarnajayanti Gram Swarojgar Yojana launched in India?
April 1, 1999.
Q39. What is the aim of Swarnajayanti Gram Swarojgar Yojana?
It aims at providing self-employment to villagers through the establishment of Self-help
groups.
Q40.How is Swarnajayanti Gram Swarojgar Yojana funded?
Funds are provided by NGOs, banks and financial institutions.
Q41. Government subsidy allocated for SGSY per individual is ____________ of the total capital
investment
30%
Q42. The foundation stone of the worlds tallest statue, which will stand twice the size of the Statue of
Liberty was to lay down in which state?
Gujarat
Q43.Who will lay the foundation stone of the statue?
Narendra Modi
Q44. Opposition leader Narendra Modi, of Bharatiya Janata Party (BJP), was to lay the foundation
stone,of the statue on _____________
Sardar Vallabh Bhai Patels birthday
Q45. The Tea Board of India was established under which act?
Established by the enactment of the Tea Act in 1953
Q46.Where is the headquarter of Tea Board of India?
Headquarters in Kolkata
Q47.Who is the chairman of Tea Board of India?
M G V K Bhanu
Q48. Which country is the second largest producer of tea in the world?
India
Q49. India is also the largest exporter of tea after which country ?
China.
Q50. Which country is the largest Tea Importing Countries in the World?
Russian Federation
Q51. The small scale industries in India, including the tiny or micro industries and service/business
entities, collectively referred as ___________________.
micro and small enterprises (MSEs),
Q52.What is the full form of (RGUMY) ?
Rajiv Gandhi Udyami Mitra Yojana
Q53. Under RGUMY, financial assistance would be provided to the selected lead agencies
i.e._________________
Udyami Mitras
SOME IMPORTANT POINTS

Name of the wife of the President of India is- Suvra Mukherjee

President Pranab Mukherjee has authored the book - Beyond Survival
Prior to being the President of India, Pranab Mukherjee was Indias __________- Union
Minister of Finance
Who is the current Union Minister of Finance? - P. Chidambaram

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Who is responsible for the fiscal policy of India? - Finance Minister

Prime Minister Manmohan Singh is the __________ PM of India.- 13th
Tehelka is a _______. Magazine/ Website/ Tabloid
Volocopter, the worlds first green helicopter which is noiseless and emission free has been
tested in which country? Germany
Tessy Mohan is the Project Director of __________. Agni IV
Tessy Thomas was conferred ______________ for her outstanding contribution for making
India self-reliant in the field of missile technology. - Lal Bahadur Shastri National Award
Full form of AMFI is ________. - Association of Mutual Funds in India
What does M stand for in CAMELS ratings? Management Quality
Full form of CHOGM is ___________. - Commonwealth Heads of Government Meeting
Expand CRISIL. - Credit Rating Information Services of India Limited
Expand EGoM. - Empowered Group of Ministers
The capital of Algeria is _________. Algiers
The currency of Libya - Dinar
The capita of Burkina Faso is ________. Ouagadougou
The currency of Nigeria - Naira
The author of the book God of Small Things is Arundhati Roy
The author of Five Point Someone- Chetan Bhagat
The author of Pride and Prejudice- Jane Austen
The Author of the book Joseph Anton- Salman Rushdie
The author of the book The Luminaries is - Eleanor Catton
Who is the winner of The Man Booker Prize 2013? - Eleanor Catton
The author of the book Bring Up the Bodies Hilary Mantel
As per the RBI guidelines PSBs has to give loans to women SHGs at the interest rate of
______. 7 per cent
The GAAR rules will become applicable by which year? 2016
A type of risk related to the trustworthiness of business is called ________. Reputational
Risk
Whenever a bank gives out a loan in a fractional-reserve banking system, a new sum of
virtual money is created. This process is called _________. Money Creation
The Reserve Bank of India will launch Inflation indexed Bonds which will be indexed to CPI
C.N.R. Rao, who is to be conferred the prestigious Bharat Ratna Award, is a famous
Scientist
Who has been appointed as the CMD of Bharatiya Mahila Bank? - Usha
Ananthasubramanian
How many major central banks of the world have made their network of currency swap facility
permanent? Six
Expand PACS. - Primary Agricultural Cooperative Societies
Pin code given to Supreme Court is 110 201
Who is the Chairman of Insurance Regulatory and Development Authority? - T. S. Vijayan
Which bank has, recently, launched a campaign named Own Your NPA? IDBI Bank
Expand P-Notes. Participatory Notes
Fitch has scaled down its projections on Indias growth to _________ for the current fiscal. 4.8%
Which organization is responsible for introduction of KYC norms in India? RBI
AML-KYC day is observed in India on which day? - First working day of August each year
CTS scheme was first implemented by RBI in which city? New Delhi
The deadline for implementing the CTS 2010 as given by RBI is - 31 December 2013
The maximum amount per transaction in NEFT is limited to _________ for cash-based
remittances and remittances to Nepal. - Rs.50,000
Expand CORE in Core Banking Solutions. - Centralized Online Real-time Environment
Normal core banking functions will include _________________. - Deposit accounts,
Loans, Mortgages and Payments.
Expand IFSC. - Indian Financial System Code
What is the processing fee for the inward transactions in RTGS? Free
Whom should a person contact, in case of non-credit or delay in credit to the beneficiary
account under RTGS system? Bank Branch (If the issue is not resolved satisfactorily,
complaint may be lodged to the Customer Service Department of RBI)

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The price at which the government purchases crops from the farmers is called ________.
MSP
The Special Economic Zones Schemes are managed by ________. Department of
Commerce
The National Rural Drinking Water Program is a component of Bharat Nirman Scheme
Swavalamban Yojana is associated with which aspect of the unorganised sector in India?
Pension Plan
Expand ASHA. Accredited Social Health Activities
Who has been awarded the WTA Player of the Year 2013? Serena Williams
Truncation is the process of- stopping the flow of the physical cheque.
The 14th IIFA Awards for Best Film is given to- Barfi
RBI set up the committee to look into financial inclusion under the chairmanship of - Dr. C.
Rangarajan
The 14th IIFA Awards for Best Direction is given to - Anurag Basu
RBI has announced the committee on Comprehensive Financial Services for Small
Businesses and Low-Income Households under the Chairmanship of- Shri Nachiket Mor
The 14th IIFA Awards for Best Actor is given to - Ranbir Kapoor
Which of the following is the most essential financial service which should be provided to the
poor people to bring them into the network of financial inclusion- A bank account where
he/she can save small amount
The 14th IIFA Awards for Best Actress is given to - Vidya Balan
The 14th IIFA Awards for Best Supporting Acteress is given to - Anu Kapoor
The 14th IIFA Awards for Best Supporting Acteress is given to- Anushka Sharma
Which of the following Indian film has been nominated in the Seventh Asia Pacific Screen
Awards (APSA) this year- The Lunchbox
which of the following is the India's entry for Oscar- The Good Road'
The Good Road' is related to which of the following state of India- Gujarat
Who is the Director of the movie The Lunchbox - Ritesh Batra
How many films has been nominated for the Seventh Asia Pacific Screen Awards (APSA) this
year-Four
Which of the following film has been selected as the Indian entry for the Best Foreign
Language Film at the 86th Academy Awards- The Good Road
Which of the following film has won the award for Best Gujarati film at the 60th National Film
Awards- The Good Road
Who is the Director of the movie The Good Road- Gyan Arora
The benchmark of CTS prescriptions are collectively known as- "CTS-2010 standard".
Cheque Truncation System has legal sanction under which of the act- Negotiable Instruments
Act, 1881
Financial inclusion or inclusive financing is the delivery of- financial services at affordable
costs to sections of low-income group of society
The United Nations defines the goals of financial inclusion as- access at a reasonable cost for
all households in financial services
India's leading credit rating and research company launched an index to measure the status
of financial inclusion in India- CRISIL Inclusix
United Nations had released a book titled "Building Inclusion Financial Sectors for
Development". This book is called -"Blue Book"
According to this survey, Which of the state is the most financially developed- Himachal
Pradesh
According to this survey, Which of the state is the least financially developed- Bihar
The banks with a view to achieving greater financial inclusion to make which account-- "nofrills" banking account.
In India, financial inclusion first featured in- 2005
Which was the first village in India where all households were provided banking facilitiesMangalam

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 What is the name of wife of Prime Minister of India?

Gurusaran Kaur.
Who inaugurated BSF fair in India?
Gurusaran Kaur
Where BSF fair has been held?
New Delhi
BSF fair is hosted by whom?
BWWA (BSF Wives welfare Association)
Full form of BSF?
Border Security Force
Full form of BWWA?
BSF Wives welfare association.
BSF established in which year?
December 1 ,1965.
Who is the director of BSF?
Mr Subhash Joshi.
Where is the headquarter of BSF situated ?
New Delhi
Cobrapost is founded by whom?
Aniruddha Bahal
Who is the co-founder of Tehelka?
tarun tejpal
Who is founder of Tehelka.com?
Aniruddha Bahal
Who is the director of CBI?
Amar Pratap Singh
According to the latest news, rajesh talwar and nupur talwar are the prime suspect for which
criminal crime?
For killing their daughter Aarushi
Tessy Thomas is a-------?
scientist
Tessy Thomas is related with which organization?
DRDO
What is the full form of DRDO?
Defence Research and Development Organization
Where is the headquarter of DRDO?
DRDO bhawan, New Delhi.
When DRDO was established?
1958
Who is the project director of AGNI IV missile?
Tessy Thomas
Tessy Thomas conferred with which award for her contribution in missile technology?
Lal
Bahadur Shastri Nation Award.
Which type of missile is Agni iv?
Nuclear capable ballistic missile.
What is the operational range of Agni iv?
4000 km
Agni iv nuclear capable ballistic missile was successfully test fired Orrisa coast
Against which team Sachin Tendulkar started his cricket carrer?
Pakistan
Against which team Sachin played his last test?

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West Indies
How many tests Sachin Tendulkar has played in his carrer?
200
How many years did Sachin Tendulkar gave to his cricket carrer?
24
Against which team Sachin made his debut?
Pakistan team
Where Sachin Tendulkar was born?
Mumbai, Maharashtra
Sachin Tendulkar represented which team in IPL?
Mumbai Indians
Sachin Tendulkar is a right handed batsman.
Wankhede Stadium is located in which city and state?
Mumbai , Maharashtra
What is the full form of EFT?
Electronic Fund Transfer
In which sector EFT is used?
Banking
What is EFT?
It is a electronic exchange of money, transfer of money from one account to another, either
within a single financial institution or across multiple institutions, through computer-based
systems.
What is minimum and maximum limit of NEFT?
no limit
What is the minimum limit of RTGS?
Rs 2 lakh
What is the maximum limit of RTGS?
no limit
Full form of NEFT.
national electronic fund transfer
Full form of RTGS.
Real time gross settlement
Capital of Armenia?
Yerewon
People of Armenia use which currency?
Armenian dram
Who is the President of Armenia?
Serzh Sargsyan
Midnight Childrens book is written by whom?
Salman Rushdie
Midnight children book won which prize?
Man Booker prize
Full name of Salman Rushdie?
Sir Ahmed Salman Rushdie
Salman Rushdie won Man Booker prize in which year?
1981
Salman Rushdie is a citizen of which country?
Britain
First academy of CSTO will be set up in which country?
Armenia.
Full form of CSTO?
Collective Security Treaty Organization (CSTO)

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CSTO is related to which field?

for research, education and study centre in the field of security and other related spheres.
When CSTO was signed and how many members sign it?
Sign in 1992 and 7 member countries signed it.
When Armenia became the member of CSTO?
In 2002
Where is the headquarter of CSTO?
Russia
What is Official language of CSTO?
Russian
Banccasurance is also know as----?
Bank Insurance Model(BIM)
Banccasurance is a partnership between whom?
the bank and the insurance company.
In which baccasurance started in India?
year 2000.
Basically, what is banccasurance ?
An arrangement in which a bank and an insurance company form a partnership so that the
insurance company can sell its products to the bank's client base
Name of banking software used in India--Finacle,Accenture, Sopra, Oracle banking platform, Flexcube, Microbanker, TCS BaNCS
Universal, SAP for Banking, Corebanking; SAP R/3, BancPac etc.
Programs launched for farmers by Government of India Rashtriya krishi vikas yojana.
Farmer's Welfare Scheme
Kisan credit card etc.
In which year RBI set up a committee on computerization in banking sector?
1988
What is the full form of MICR?
Magnetic Ink Character Reader.
Who is the head of the committee on computerization in banking sector?
Dr. C. Rangarajan.
When the Committee on Technology Issues relating to Payment systems, Cheque Clearing
and Securities Settlement in the Banking Industry was set up?
1994.
Who is the chairman of the Committee on Technology Issues relating to Payment systems,
Cheque Clearing and Securities Settlement in the Banking Industry (1994)?
W S Saraf
State Bank of India opened its 15000th branch in which state?
TamilNadu
As of November 2013, ____________ supercomputer is the fastest in the world at 33.86
petaFLOPS.
china tianhe 2.
Who is the new chief of Pakistan army?
Raheel Sharif
Which cyclone hit Andhra Pradesh?
Helen
who is the new World chess champion?
Magnus Carlsen.
Magnus Carlsen belongs to which country?
Norway.
Where is the headquarter of Bhartiya Mahila Bank?

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Mumbai
Who is the chairperson of Bhartiya Mahila Bank?
Usha Ananthasubramanian.

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