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IBPS PO 2020 — General Awareness Questions with Answers

All 15 General Awareness previous-year questions from IBPS PO 2020, each with the correct answer and a full explanation. Practise them as a free, timed mock test with instant scoring.

1. Q1.Banking Awareness

   IMPS is an instant interbank electronic fund transfer service. IMPS stands for:

   • a)Immediate Payment Service
   • b)Instant Mobile Payment System
   • c)Interbank Mobile Payment Service
   • d)Immediate Money Payment Service
   • e)Instant Payment Mobile Service
2. Q2.Banking Awareness

   The Repo Rate is the rate at which:

   • a)The RBI lends money to commercial banks
   • b)Commercial banks lend to the RBI
   • c)Banks lend to each other
   • d)The RBI lends to the government
   • e)Banks lend to their customers
3. Q3.Banking Awareness

   In banking terminology, NPA stands for:

   • a)Non-Performing Asset
   • b)Net Payable Amount
   • c)Non-Priority Account
   • d)New Portfolio Asset
   • e)Net Performing Asset
4. Q4.Banking Awareness

   The Reserve Bank of India (RBI) was established in which year?

   • a)1935
   • b)1949
   • c)1947
   • d)1955
   • e)1934
5. Q5.Banking Awareness

   The headquarters of the State Bank of India (SBI) is located in:

   • a)Mumbai
   • b)New Delhi
   • c)Kolkata
   • d)Ahmedabad
   • e)Bengaluru
6. Q6.Financial Awareness

   Which regulatory body regulates the insurance sector in India?

   • a)IRDAI
   • b)SEBI
   • c)RBI
   • d)PFRDA
   • e)NABARD
7. Q7.Static GK

   Canberra is the capital of which country?

   • a)Australia
   • b)New Zealand
   • c)Austria
   • d)Canada
   • e)South Africa
8. Q8.Banking Awareness

   IFSC, an 11-character code used to identify bank branches in electronic transfers, stands for:

   • a)Indian Financial System Code
   • b)Indian Fund System Code
   • c)International Financial System Code
   • d)Indian Financial Standard Code
   • e)Interbank Financial System Code
9. Q9.Banking Awareness

   A cheque payable to the person who presents it at the counter (whoever holds it) is called a:

   • a)Bearer cheque
   • b)Order cheque
   • c)Crossed cheque
   • d)Post-dated cheque
   • e)Stale cheque
10. Q10.Static GK

    The World Bank has its headquarters in:

    • a)Washington D.C.
    • b)New York
    • c)Geneva
    • d)Paris
    • e)London
11. Q11.Static GK

    Bern is the capital of which country?

    • a)Switzerland
    • b)Sweden
    • c)Belgium
    • d)Austria
    • e)Netherlands
12. Q12.Banking Awareness

    How many banks were nationalised in the second phase of bank nationalisation in 1980?

    • a)6
    • b)8
    • c)4
    • d)10
    • e)14
13. Q13.Static GK

    The currency of the United States of America is the:

    • a)US Dollar
    • b)Pound
    • c)Euro
    • d)Peso
    • e)Real
14. Q14.Banking Awareness

    The one-rupee note and coins in India are issued by:

    • a)The Government of India (Ministry of Finance)
    • b)The Reserve Bank of India
    • c)The State Bank of India
    • d)NABARD
    • e)SEBI
15. Q15.Banking Awareness

    The full form of DRT, which deals with recovery of debts due to banks, is:

    • a)Debt Recovery Tribunal
    • b)Debt Regulation Tribunal
    • c)Direct Recovery Tribunal
    • d)Debt Recovery Trust
    • e)Debt Redemption Tribunal