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June 18th, 2016, 03:46 PM
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Join Date: Mar 2012
Re: Solved Paper Of IBPS Specialist Officer

Hey below I am giving you the paper for the IBPS Specialist Officer for the Law post you can have a look


1) On which banking system the present development of banking is dependent?

A) British

B) American

C) China

D) None

2) On which date, nationalization was done of 14 main banks?

A) 19 July, 1969

B) 13 June, 1969

C) 15 August, 1970

D) 15 September, 1969

3) What is the main aim of Land Development Bank?

A) Long term investment in Agriculture

B) Short term investment in Agriculture

C) Investment in Agriculture tools

D) None

4) Who has authority on full share capital of Nationalised Banks?

A) Central Government

B) State Government

C) Finance Minister

D) None

5) Under sec.4, who has authority or power to suspend operation of Act related

With any bank?

A) Central Government

B) State Government

C) Finance Commission

D) None

6) When Banking Regulation Act comes into force?

A) 16 March, 1949

B) 16 April, 1949

C) 10 March, 1949

D) 16 June, 1949

7) According to current case of Supreme Court, which conditions should

Followed by seller that can bound the bank to follow his demand?

A) Bank of Gurantee or Letter of Credit

B) Document gurantee

C) Promissory note

D) None

8) In Board of Directors should have special knowledge or practical

Experience about agriculture & village, economics, co-operative &

Small-scale industry?

A) 2

B) 4

C) 5

D) 6

9) Which court is bounded to order for re-checking of applicant’s money

And re-establishment of property?

A) High Court

B) District Court

C) Cession Court

D) Both A and B

10) Under sec.10A, sub-clause(3) , for the purpose of reconstruction, if

There is necessity of retirement of any director or directors, then

According to which method decision is taken?

A) Lotus method

B) Notes method

C) Votes method

D) None

11) Under sec-10B, what is compulsory for every banking company?

A) Full time director

B) Part time director

C) Manager

D) None

12) Who has the authority to appoint chairman of a banking company,

When without this person, it is possibility to harm the interest of company?

A) Reserve Bank of India

B) State Bank of India

C) Central Government

D) None

13) Under sec 10(c), who has not necessity/not to be required to hold

Qualification shares?

A) Chairman & certain director

B) Managing Director

C) Part time Director

D) None

14) When was RBI established?

A) 1935

B) 1934

C) 1933

D) 1936

15) According to sec.14, on which capital there is complete prohibition to create

charge?

A) Unsubscribed capital

B) Subscribed capital

C) Part time subscribed capital

D) None

16) According to Banking Act, Who has restriction power to remid debts?

A) Reserve Bank of India

B) Central Government

C) Finance Commission

D) None


IBPS Specialist Officer for the Law post






more paper detail attached a pdf file;
Attached Files
File Type: pdf IBPS Specialist Officer for the Law post.pdf (2.71 MB, 56 views)


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