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Old 28th July 2016, 04:01 PM
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Default Re: Question Paper of Specialist Officer IBPS PDF

The syllabus and previous year question paper for the post of Specialist Officer - Law Officer – in IBPS (Institute of Banking Personnel Selection) are as follows:

IBPS Law officer reasoning syllabus –

It is an important section of the law officer exam. It covers all the logical questions, facts, conclusions and judgment. The IBPS syllabus in reasoning consists of verbal and non-verbal reasoning.

Topics included which are must prepare for this section are Data Sufficiency, Syllogism, Input-Output, Coding-Decoding, Analogy, Blood Relation, Puzzle Test, Direction Sense Test, Number, Ranking & Time Sequence, Eligibility Test, Arrangements-Linear & Circular, etc. IBPS Law Officer reasoning preparation tips.
For Non-verbal reasoning topics are Series test, Analogy, Odd figures, Miscellaneous test. Many books are available in the market to prepare for ibps law officer exam.

IBPS Law Officer English Language Syllabus –
This section includes the basic English language questions based on synonyms, antonym, articles, prepositions, sentence completion, word formation and the topic comprehension and the topic Rearrangement of passage, spelling, sentence. Some Grammar questions ( Active Passive Voice, Direct Indirect speech and usage of phrases and idioms, etc. are major topics of English syllabus of law officer exam.

IBPS Law Officer General Awareness Syllabus –
General Knowledge Syllabus of law officer exam contains 50 marks, and it includes major topics from current affairs especially reference to banking industry. And other items are from Indian Constitution based questions, Indian Politics, Latest events and activities of High Court and Supreme Court released policy Sports, Awards, Reserve Bank of India (RBI) based questions, banking terms, Indian economy questions, etc. this paper measure your Gk skills in IBPS Exam. Also, Read – General Knowledge

IBPS Law Officer Professional Knowledge Syllabus –
It is the section which is included only SO exams of IBPS not in clerical or PO because it contains the questions relating to the particular profession/field. The topics for this section is entirely different from every field relating to this exam like for IT field SO exam this subject will include all the information relating to the computers for SO law officer exam this subject will include knowledge relating to the banks and law.

Law and Acts with direct and Indirect Implication on the banking sector like Contract Acts, Partnerships, Companies, Firm, Constitution,
RBI functions,
Relevant laws and rulings related to negotiable instruments, securities, Foreign Exchange,
Prevention of money laundering, Limitation Act
Bankers Book Evidence Act, DRT Act
Offenses and Penalties
Consumer Protection Act
Banking Ombudsman Scheme
RTI Act, Information Technology Act, etc.

Question Paper of Specialist Officer - Law Officer IBPS

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


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

17) Who has authority licensing Banking companies?

A) Reserve Bank of India

B) Central Government

C) Finance Commission

D) None

18) After implementation of this Act, in how many years company should

Apply for license to RBI, that bank is in working condition?

A) 3 years

B) 5 years

C) 2 years

D) 4 years

19) Under sec.9, which types of banking assets are disposed?

A) Non-banking

B) Banking

C) Insurance

D) None

20) Under sec.8, which matter is prohibited?

A) Trading

B) Profession

C) Business

D) None

21) For management of Banking Companies, who has authority for power

To remove managerial & other person and also to appoint additional


A) Reserve Bank of India

B) State Bank of India

C) Finance Department

D) None

22) If any person intentionally, without any reason, being hurdle to work

Of banking company, then how much amount of fine, he has to pay?

A) Rs.1000/-

B) Rs.2000/-

C) Rs.5000/-

D) Rs.10000/-

23) In certain circumstances, under section-36AE, who has authority or power

To acquire undertakings of banking companies in certain cases?

A) Central Government

B) State Government

C) Finance Minister

D) None

24) A Tribunal, formatted under sec-36AI, have which type of powers?

A) Civil powers

B) Criminal powers

C) Special powers

D) None

25) Every chairman, director, auditor, liquidator & officer of banking companies

According to IPC, what will be to Government?

A) Public servant

B) Private servant

C) Assistant

D) None

26) Any co-operative society can’t use “Bank”, “Banker”, or “Banking” in his

Name, except which bank?

A) Co-operative Bank

B) State Bank

C) Rural Bank

D) None

27) Under sec-10, there is a prohibition on which types of agents?

A) Managing

B) Financial

C) Insurance

D) None

28) After Independence, which financial institution was First established?




D) None

29) Which was First bank established by Indian capital?

A) Bank of Commercial

B) Bank of Bombay

C) Bank of India

D) None

30) Under Banking Regulation Act, what is described under sec-22?

A) License to banking company

B) Cash reserve

C) Audit

D) Election of new director

31) Which committee had recommended the State Co-operative Banks?

A) Maclegum Committee

B) Royal Committee

C) V.L.Mehta Committee

D) None

32) How persons are there in Tribunal?

A) 3

B) 4

C) 5

D) 6

33) What is included in sec.18 under Banking Regulation Act?

A) Cash reserve

B) License to banking companies

C) Election of new directors

D) None

34) For election of new directors, which meeting of share-holders is

Called by RBI by ordering it?

A) General meeting

B) Special meeting

C) Both A and B

D) None

35) Under sec-13, maximum how many percentage of amount of sub-scribed

Capital as a commission, brokerage& wages allowed by banking company

to pay as selling of its share holders?

A) 2.5%

B) 3%

C) 4.5%

D) 5.5%

36) Under sec-15, any banking company cant pay dividend on his shares

Until it settle which type of expenses?

A) Capital

B) Bonus

C) Both A and B

D) None

37) Under sec 19, which type of directors are prohibited?

A) Equal

B) Unequal

C) Both A and B

D) None

38) Without prior permission of which bank, any banking company can’t

Open new place of business or transfer?




D) None

39) If according to view of RBI, person as a chairman is not eligible than

He can suspend him, so to whom appeal can be done against this appeal?

A) Central Government

B) State Government

C) Both A and B

D) None

40) who has only power to settle debtor’s list?

A) High Court

B) District Court

C) Cession Court

D) None

41)The Negotiable Instrument Act, was enacted/implemented in which year?

A) 1881

B) 1885

C) 1992

D) 1996

42) What is called to an instrument, containing unconditional undertaking signed by

The maker, to pay a certain sum of money only to certain person or bearer of

The instrument?

A) Promissory note

B) Cheque

C) Inland instrument

D) Foreign instrument

43) What is called to promissory note, cheque or bills of exchange drawn or made in

India & made payable in or drawn upon any person resident in India?

A) Inland instrument

B) Foreign instrument

C) Instate instrument

D) None

44) What is called to a promissory note, cheque or bills of exchange drawn or made

Outside India or made payable or drawn upon person resident outside India?

A) Foreign instrument

B) Indian instrument

C) Inland instrument

D) None

45) If the amount undertaken or ordered to be paid, is stated differently in figures and

In words, the which amount will be taken into consideration?

A) In words

B) In figures

C) Both A & B

D) None

46) Every promissory note or bill of exchange which is not expressed to be payable

On demand, at sightor on permanent is at maturity on which day, after the day

On which it is expressed to be payable?

A) 3rd day

B) 5th day

C) 1st day

D) 2nd day

47) Who may draw, indorse , deliver & negotiate such instrument so as to bind

All parties except himself?

A) Minor

B) Agent

C) Agency

D) None

48) Under sec-28, which type of agent’s responsibility is included?

A) Signing agent

B) Not signing agent

C) Owner

D) None

49) The day on which a promissory note or bills of exchange is at maturity

Is a public holiday, then when this instrument will be paid?

A) Next preceeding business day

B) Next day

C) Previous day

D) None

50) A negotiable instrument, dated 30th August,1878, is made payable 3 months

After date, then what will be its maturity date?

A) 3rd December,1878

B) 9thDecember,1878

C) 15thDecember,1878

D) 25thDecember,1878
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