Ibps Po Mains 2023 Current Affairs, Bank & Static Ga 7 Days 7 Mocks

IBPS PO MAINS 2023
CURRENT AFFAIRS, BANK & STATIC GA

7 DAYS 7 MOCKS
CLASS -5
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Who has been appointed as new Director General (DG) of the Border Roads
Organization (BRO) ?
(a) Abhishek Singhvi
(b) Aryama Sundaram
(c) Raghu Srinivasan
(d) Harshvardhan Bansal
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Who has been appointed as new Director General (DG) of the Border Roads
Organization (BRO) ?
(a) Abhishek Singhvi
(b) Aryama Sundaram
(c) Raghu Srinivasan
(d) Harshvardhan Bansal
Lieutenant General Raghu Srinivasan has assumed charge as the 28th director general
(DG) of the Border Roads Organization (BRO).His appointment to the top post in the BRO
follows the superannuation of Lt Gen Rajeev Chaudhry.Before the appointment,
Srinivasan was holding the appointment of Commandant, College of Military
Engineering, Pune.Mr Srinivasan is an alumnus of National Defence Academy,
Khadakwasla and Indian Military Academy, Dehradun and was commissioned into the
Corps of Engineers in 1987.The BRO was raised on May 7, 1960 with an aim to secure
India’s borders by developing infrastructure in remote areas of the north and
northeastern states.

What is the purpose of the Communication Interoperability and Security
Memorandum of Agreement (CIS-MOA) between Pakistan and the United States?
(a) To facilitate trade and economic cooperation
(b) To strengthen diplomatic ties between the two nations
(c) To provide legal cover for the sale of military hardware and equipment
(d) To promote cultural exchanges and people-to-people connections

What is the purpose of the Communication Interoperability and Security
Memorandum of Agreement (CIS-MOA) between Pakistan and the United States?
(a) To facilitate trade and economic cooperation
(b) To strengthen diplomatic ties between the two nations
(c) To provide legal cover for the sale of military hardware and equipment
(d) To promote cultural exchanges and people-to-people connections
The CIS-MOA is an agreement that provides legal cover to the US Department of

Defense for ensuring the sale of military equipment and hardware to other countries,
in this case, between Pakistan and the United States.

What was the S&P Global India Services PMI reading for July 2023?
(a) 62.3
(b) 58.5
(c) 13
(d) 50

What was the S&P Global India Services PMI reading for July 2023?
(a) 62.3
(b) 58.5
(c) 13
(d) 50
The S&P Global India Services PMI reached a 13-year high of 62.3 in July 2023,
indicating a significant expansion in activity levels.

Which countries contributed significantly to the growth in export orders for India’s
services sector in July 2023?
(a) China and Japan
(b) USA and Canada
(c) Bangladesh, Nepal, and Sri Lanka
(d) Germany and France

Which countries contributed significantly to the growth in export orders for India’s
services sector in July 2023?
(a) China and Japan
(b) USA and Canada
(c) Bangladesh, Nepal, and Sri Lanka
(d) Germany and France
Bangladesh, Nepal, and Sri Lanka, these countries were key sources of growth in
export orders, contributing to the second-fastest increase since the index was
introduced in 2014.

What is the projected average GDP growth rate for India from FY24 to FY31
according to S&P Global’s report?
(a) 5.7%
(b) 6.7%
(c) 7.7%
(d) 8.7%

What is the projected average GDP growth rate for India from FY24 to FY31
according to S&P Global’s report?
(a) 5.7%
(b) 6.7%
(c) 7.7%
(d) 8.7%
S&P Global’s report predicts that India will grow at an average rate of 6.7% per year
during this period, making it the fastest-growing large economy.

What percentage of India’s GDP is the government aiming to achieve from
manufacturing by 2025?
(a) 15%
(b) 20%
(c) 25%
(d) 30%

What percentage of India’s GDP is the government aiming to achieve from

manufacturing by 2025?
(a) 15%
(b) 20%
(c) 25%
(d) 30%
The Indian government aims to raise the manufacturing sector’s contribution to GDP
from 17.7% to 25% by 2025.

The BRICS Summit in Johannesburg is scheduled to take place on which dates?
(a) August 22-24, 2023
(b) September 15-18, 2023
(c) July 8-10, 2023
(d) June 1-3, 2023

The BRICS Summit in Johannesburg is scheduled to take place on which dates?

(a) August 22-24, 2023
(b) September 15-18, 2023
(c) July 8-10, 2023
(d) June 1-3, 2023
The BRICS Summit in Johannesburg is scheduled to take place from August 22 to

24, 2023.

What is the purpose of the Government of National Capital Territory of Delhi
(Amendment) Bill, 2023?
(a) To create a new state of Delhi
(b) To replace an existing ordinance on control of services in Delhi
(c) To increase the number of Lok Sabha seats for Delhi
(d) To grant full statehood to Delhi

What is the purpose of the Government of National Capital Territory of Delhi

(Amendment) Bill, 2023?
(a) To create a new state of Delhi
(b) To replace an existing ordinance on control of services in Delhi
(c) To increase the number of Lok Sabha seats for Delhi
(d) To grant full statehood to Delhi
The purpose of the Bill is to replace an existing ordinance on control of services in

Delhi.

Which bank announced the approval to convert I-Process Services (India) Pvt. Ltd.
into a wholly-owned subsidiary?
(a) ICICI Bank

(b) State Bank of India
(c) HDFC Ban
(d) Axis Bank

Which bank announced the approval to convert I-Process Services (India) Pvt. Ltd.
into a wholly-owned subsidiary?
(a) ICICI Bank

(b) State Bank of India
(c) HDFC Ban
(d) Axis Bank
ICICI Bank has announced that it has secured approval from the Reserve Bank of India (RBI) to
convert I-Process Services (India) Pvt Ltd (I-Process) into a wholly-owned subsidiary, subject to
specific conditions, according to the Bank’s latest regulatory disclosure.

What did the Reserve Bank of India (RBI) state in response to the rising inflation?
(a) It will lower interest rates immediately.

(b) It will take no action.
(c) It will raise interest rates if conditions require.
(d) It will introduce new currency notes.

What did the Reserve Bank of India (RBI) state in response to the rising inflation?
(a) It will lower interest rates immediately.

(b) It will take no action.
(c) It will raise interest rates if conditions require.
(d) It will introduce new currency notes.
The RBI stated that it would be ready to take action, including raising interest rates, if
conditions warrant such measures in response to the rising inflation.

Which of the following is not a category of investments under the RBI’s new directives?
(a) Held to Maturity (HTM)

(b) Available for Sale (AFS)
(c) Fair Value through Profit and Loss (FVTPL)
(d) Non-SLR securities

Which of the following is not a category of investments under the RBI’s new directives?
(a) Held to Maturity (HTM)

(b) Available for Sale (AFS)
(c) Fair Value through Profit and Loss (FVTPL)
(d) Non-SLR securities
The RBI’s new directives classify investments into three main categories: HTM, AFS, and
FVTPL. Non-SLR securities are not a separate category of investments under the new
directives. They can be classified as HTM, AFS, or FVTPL depending on the bank’s intention and
the characteristics of the security.

Who has received approval from the Reserve Bank of India (RBI) for
re-appointment as the Managing Director and Chief Executive Officer
(MD and CEO) of ICICI Bank?
(a) Chanda Kochhar

(b) Hari L. Mundra
(c) Aditya Puri
(d) Sandeep Bakhshi

Who has received approval from the Reserve Bank of India (RBI) for
re-appointment as the Managing Director and Chief Executive Officer
(MD and CEO) of ICICI Bank?
(a) Chanda Kochhar

(b) Hari L. Mundra
(c) Aditya Puri
(d) Sandeep Bakhshi
Sandeep Bakhshi has received approval from the Reserve Bank of India (RBI) for re-
appointment as the Managing Director and Chief Executive Officer (MD and CEO) of ICICI
Bank.

What is the inflation target set by the RBI for the current financial year?
(a) 2%
(b) 3%
(c) 4%
(d) 5%

What is the inflation target set by the RBI for the current financial year?
(a) 2%
(b) 3%
(c) 4%
(d) 5%
The inflation target set by the RBI for the current financial year (2023-24) is 4% with a
tolerance band of +/- 2%. This means that the RBI will aim to keep inflation between
2% and 6%.

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Which of the following securities can be classified as HTM under the RBI’s new directives?
(a) Government securities

(b) Treasury bills
(c) Certificates of deposit
(d) All of the above

Which of the following securities can be classified as HTM under the RBI’s new directives?
(a) Government securities

(b) Treasury bills
(c) Certificates of deposit
The RBI’s new directives allow banks to classify government securities, treasury bills,
certificates of deposit, and commercial paper as HTM. These securities are all considered to
be of high quality and have a low risk of default.

Which of the following is the last link in a three-tier cooperative credit structure
headed by the State Cooperative Banks (SCB) at the state level?
(a) Primary Agricultural Credit Societies (PACS)

(b) District Central Cooperative Banks (DCCBs)
(c) State Cooperative Banks (SCB)
(d) National Bank for Agriculture and Rural Development (NABARD)

Which of the following is the last link in a three-tier cooperative credit structure
headed by the State Cooperative Banks (SCB) at the state level?
(a) Primary Agricultural Credit Societies (PACS)

(b) District Central Cooperative Banks (DCCBs)
(c) State Cooperative Banks (SCB)
(d) National Bank for Agriculture and Rural Development (NABARD)
Primary Agricultural Credit Societies (PACS) are the last link in a three-tier cooperative credit
structure headed by the State Cooperative Banks (SCB) at the state level

Which of the following is the objective of the RBI’s ‘100 Days 100 Pays’ campaign?
(a) To trace and settle the top 100 unclaimed deposits of every bank in every district
within a span of 100 days.
(b) To reduce the quantum of unclaimed deposits in the banking system by 50% within
100 days.
(c) To ensure the rightful return of unclaimed deposits to owners or claimants within 100
days.
(d All of the above

Which of the following is the objective of the RBI’s ‘100 Days 100 Pays’ campaign?
(a) To trace and settle the top 100 unclaimed deposits of every bank in
every district within a span of 100 days.
(b) To reduce the quantum of unclaimed deposits in the banking system
by 50% within 100 days.
(c) To ensure the rightful return of unclaimed deposits to owners or
claimants within 100 days.
The objective of the RBI’s ‘100 Days 100 Pays’ campaign is to trace and settle the top 100
unclaimed deposits of every bank in every district within a span of 100 days, thereby reducing
the quantum of unclaimed deposits in the banking system by 50% within 100 days and
ensuring the rightful return of unclaimed deposits to owners or claimants within 100 days. It
also aims to sensitize bank customers about the importance of tracking their money and
maintaining updated nomination and KYC details.

What was the reason for imposing a penalty on Baramati Sahakari Bank by the RBI?
(a) Failure to maintain adequate liquidity

(b) Non-compliance with anti-money laundering regulations
(c) Failure to credit interest to inoperative savings accounts
(d) Unauthorized lending to non-banking financial institutions

What was the reason for imposing a penalty on Baramati Sahakari Bank by the RBI?
(a) Failure to maintain adequate liquidity

(b) Non-compliance with anti-money laundering regulations
(c) Failure to credit interest to inoperative savings accounts
(d) Unauthorized lending to non-banking financial institutions
Baramati Sahakari Bank incurred a penalty for failing to credit interest to inoperative savings
accounts.

The Waghodia Urban Co-operative Bank received a penalty for which of the following reasons?
(a) Violating customer privacy regulations

(b) Not maintaining adequate capital reserves
(c) Unauthorized expansion into new territories
(d) Providing excessive credit to directors’ relatives

The Waghodia Urban Co-operative Bank received a penalty for which

of the following reasons?
(a) Violating customer privacy regulations

(b) Not maintaining adequate capital reserves
(c) Unauthorized expansion into new territories
(d) Providing excessive credit to directors’ relatives
The Waghodia Urban Co-operative Bank incurred a penalty for sanctioning credit facilities to
individuals where the relatives of its directors acted as guarantors, breaching prudential inter-
bank counter-party exposure limits.

What is the primary goal of Indian Bank’s initiative ‘IB SAATHI’?
(a) To increase the number of corporate business correspondents (CBCs)

(b) To establish mobile banking units
(c) To offer essential banking services through business correspondents (BCs)
(d) To provide advanced banking services to urban areas

What is the primary goal of Indian Bank’s initiative ‘IB SAATHI’?
(a) To increase the number of corporate business correspondents (CBCs)

(b) To establish mobile banking units
(c) To offer essential banking services through business correspondents (BCs)
(d) To provide advanced banking services to urban areas
The primary goal of IB SAATHI is to offer essential banking services through business
correspondents (BCs). The bank plans to deploy over 5,000 new BCs by March 2024.

The Reserve Bank of India (RBI) has disclosed the circulation of the E-rupee.
What is the total circulation of India’s Central Bank Digital Currency (CBDC),
the E-rupee, as of March 2023?
(a) ₹7.71 crore

(b) ₹10.69 crore
(c) ₹16.39 crore
(d) ₹21.67 crore

The Reserve Bank of India (RBI) has disclosed the circulation of the E-rupee.
What is the total circulation of India’s Central Bank Digital Currency (CBDC),
the E-rupee, as of March 2023?
(a) ₹7.71 crore

(b) ₹10.69 crore
(c) ₹16.39 crore
(d) ₹21.67 crore
The total circulation of India’s Central Bank Digital Currency (CBDC), the E-rupee, as of March 2023
is ₹16.39 crore. As of now, there are approximately 15,000 E-rupee transactions daily. The RBI aims
to scale this number to one million (10 lakh) transactions. Recent efforts have focused on making E-
rupee interoperable with UPI QR codes, and the next step is to enhance transaction volumes.

Which of the following foreign banks has the most branches in India?
(a) Standard Chartered Bank

(b) HSBC
(c) Citibank
(d) Deutsche Bank

Which of the following foreign banks has the most branches in India?
(a) Standard Chartered Bank

(b) HSBC
(c) Citibank
(d) Deutsche Bank
Standard Chartered Bank has the most branches in India, with over 100 branches in cities
across the country. It is one of the oldest foreign banks in India, having been established in
1858

NEO for Business, launched by Axis Bank, is a digital banking platform designed
for which of the following?
(a) Micro, Small, and Medium Enterprises (MSMEs)

(b) Corporate clients
(c) Retail customers

NEO for Business, launched by Axis Bank, is a digital banking platform designed
for which of the following?
(a) Micro, Small, and Medium Enterprises (MSMEs)

(b) Corporate clients
(c) Retail customers
NEO for Business is a digital banking platform designed specifically for Micro, Small, and Medium
Enterprises (MSMEs).

Which of the following is not one of the main functions of the RBI?
(a) Monetary authority

(b) Regulator and supervisor of the financial system
(c) Manager of foreign exchange
(d) Provider of financial services

Which of the following is not one of the main functions of the RBI?
(a) Monetary authority

(b) Regulator and supervisor of the financial system
(c) Manager of foreign exchange
(d) Provider of financial services
The RBI does not provide financial services directly to the public. It does so indirectly through
the banks and other financial institutions that it regulates.

What is the overall trend in foreign investment in Indian banks?
(a) Foreign investment is declining.

(b) Foreign investment is increasing.
(c) Foreign investment is stagnant.
(d) Foreign investment is increasing in public-sector banks and declining in private-sector banks.

What is the overall trend in foreign investment in Indian banks?
(a) Foreign investment is declining.

(b) Foreign investment is increasing.
(c) Foreign investment is stagnant.
(d) Foreign investment is increasing in public-sector banks and declining in private-sector
banks.
Foreign institutional investors (FIIs) have been increasingly investing in Indian banks, with
their total holdings reaching ₹8.36 trillion as of June 30, up from ₹7.71 trillion the
previous year. This marks a significant growth from ₹6.73 trillion in June 2020.

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The New Development Bank (NDB) was established by which group of countries?
(a) G7
(b) ASEAN
(c) BRICS
(d) NAFTA

The New Development Bank (NDB) was established by which group of countries?
(a) G7
(b) ASEAN
(c) BRICS
(d) NAFTA
The New Development Bank (NDB) is a multilateral development institution established by

Brazil, Russia, India, China, and South Africa (BRICS) to finance sustainable development
projects in emerging economies.

Which segment of bank credit is expected to remain the primary growth driver in FY24?
(a) Wholesale credit

(b) Retail credit
(c) Agriculture credit

Which segment of bank credit is expected to remain the primary growth driver
in FY24?
(a) Wholesale credit

(b) Retail credit
(c) Agriculture credit
Crisil predicts that retail credit, which constitutes 28% of total credit, is expected to remain the
primary growth driver in FY24, with growth expected to be in the range of 19-20%, consistent
with the previous years.

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IBPS PO MAINS 2023

CURRENT AFFAIRS, BANK & STATIC GA

SHEETAL SHARMA MA’AM OFFICIAL

SHEETAL SHARMA MA’AM OFFICIAL

SHEETAL SHARMA MA’AM OFFICIAL

The CIS-MOA is an agreement that provides legal cover to the US Department of

SHEETAL SHARMA MA’AM OFFICIAL

SHEETAL SHARMA MA’AM OFFICIAL

SHEETAL SHARMA MA’AM OFFICIAL

SHEETAL SHARMA MA’AM OFFICIAL

SHEETAL SHARMA MA’AM OFFICIAL

SHEETAL SHARMA MA’AM OFFICIAL

SHEETAL SHARMA MA’AM OFFICIAL

SHEETAL SHARMA MA’AM OFFICIAL

What percentage of India’s GDP is the government aiming to achieve from

SHEETAL SHARMA MA’AM OFFICIAL

SHEETAL SHARMA MA’AM OFFICIAL

The BRICS Summit in Johannesburg is scheduled to take place on which dates?

The BRICS Summit in Johannesburg is scheduled to take place from August 22 to

SHEETAL SHARMA MA’AM OFFICIAL

SHEETAL SHARMA MA’AM OFFICIAL

What is the purpose of the Government of National Capital Territory of Delhi

The purpose of the Bill is to replace an existing ordinance on control of services in

SHEETAL SHARMA MA’AM OFFICIAL

(a) ICICI Bank

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(a) ICICI Bank

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(a) It will lower interest rates immediately.

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(a) It will lower interest rates immediately.

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(a) Held to Maturity (HTM)

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(a) Held to Maturity (HTM)

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(a) Chanda Kochhar

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(a) Chanda Kochhar

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(a) Government securities

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(a) Government securities

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(a) Primary Agricultural Credit Societies (PACS)

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(a) Primary Agricultural Credit Societies (PACS)

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SHEETAL SHARMA MA’AM OFFICIAL

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(a) Failure to maintain adequate liquidity

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(a) Failure to maintain adequate liquidity

SHEETAL SHARMA MA’AM OFFICIAL

(a) Violating customer privacy regulations

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The Waghodia Urban Co-operative Bank received a penalty for which

(a) Violating customer privacy regulations

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(a) To increase the number of corporate business correspondents (CBCs)