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IBPS PO Flashcards

7 cards from real Banking Exam practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 IBPS PO flashcards as text

  1. The 'Basel III' norms are internationally agreed banking regulations primarily aimed at:

    Answer: Strengthening bank capital requirements and improving risk management

    Basel III is a global regulatory framework developed to strengthen bank capital adequacy, stress testing, and market liquidity risk management.

  2. Which of the following correctly describes 'Priority Sector Lending' (PSL) obligations in India?

    Answer: Banks must allocate 40% of net bank credit to specified priority sectors like agriculture and MSMEs

    RBI mandates domestic commercial banks to lend at least 40% of Adjusted Net Bank Credit (ANBC) to priority sectors including agriculture, MSMEs, and weaker sections.

  3. In reading comprehension for IBPS PO, an 'inference' question asks you to:

    Answer: Conclude information that is implied but not explicitly stated

    Inference questions require candidates to understand the implied meaning beyond what is explicitly written in the passage.

  4. If the ratio of simple interest earned on two investments is 3:5 and the principals are equal with the same time period, what is the ratio of their interest rates?

    Answer: 3:5

    Since SI = (P × R × T)/100 and P and T are equal for both, SI is directly proportional to R; so the ratio of rates equals the ratio of SI = 3:5.

  5. The 'Negotiable Instruments Act' in India governs which of the following?

    Answer: Promissory notes, bills of exchange, and cheques

    The Negotiable Instruments Act, 1881 governs the use of promissory notes, bills of exchange, and cheques in commercial transactions.

  6. In the IBPS PO interview stage, candidates are primarily evaluated on:

    Answer: Communication skills, banking knowledge, personality, and suitability for the role

    The IBPS PO interview assesses overall personality, communication, awareness of current banking affairs, and candidate suitability for a Probationary Officer role.

  7. Which of the following is the role of the 'Deposit Insurance and Credit Guarantee Corporation' (DICGC) in India?

    Answer: Insuring bank deposits up to a specified limit per depositor per bank

    DICGC, a subsidiary of RBI, provides deposit insurance coverage of up to Rs. 5 lakh per depositor per bank in case of a bank failure.