IBPS Banking & Computer Awareness PYQ Set (Memory-Based)
8 memory-based questions with answers and explanations for IBPS Banking & Computer Awareness.
Memory-based compilation of frequently asked questions. Verify with the official answer key.
Q1. The Goods and Services Tax (GST) was launched in India on:
- 1 April 2017
- 1 July 2017
- 1 January 2018
- 15 August 2016
Answer: B — GST came via the 101st Constitutional Amendment and launched on 1 July 2017.
Q2. The First Five Year Plan (1951–56) focused mainly on:
- Employment
- Poverty removal
- Agriculture
- Heavy industry
Answer: C — Based on the Harrod-Domar model, it prioritised agriculture and irrigation.
Q3. The Reserve Bank of India was established in:
- 1969
- 1935
- 1947
- 1949
Answer: B — RBI began on 1 April 1935; it was nationalised in 1949.
Q4. 'Repo rate' is the rate at which:
- RBI lends to commercial banks
- Banks borrow from public
- Banks lend to customers
- Government borrows from RBI
Answer: A — Repo is short-term lending by RBI against government securities.
Q5. NITI Aayog replaced which body in 2015?
- Finance Commission
- Planning Commission
- CAG
- National Development Council
Answer: B — NITI Aayog was set up on 1 January 2015, replacing the Planning Commission.
Q6. How many banks were nationalised in India in 1969?
- 14
- 10
- 20
- 6
Answer: A — 14 major banks were nationalised on 19 July 1969; 6 more in 1980.
Q7. What is the full form of 'URL'?
- Unified Resource Line
- Uniform Resource Locator
- Uniform Reference Locator
- Universal Resource Link
Answer: B — A URL is the address of a resource on the internet.
Q8. Which shortcut key is used to undo in MS Word?
- Ctrl + Y
- Ctrl + X
- Ctrl + Z
- Ctrl + U
Answer: C — Ctrl+Z undoes; Ctrl+Y redoes; Ctrl+U underlines.