IBPS PO 2010 — solved question paper

Q1. Immediate Payment Service (IMPS) was publicly launched on

1. 23rd November 2010
2. 22nd November 2011
3. 22nd November 2012
4. 22nd November 2010

Answer: 22nd November 2010

IMPS was publicly launched on 22 November 2010. It is an instant interbank electronic funds transfer system in India.

Q2. Which of the following countries was the last to join BRICS in 2010?

1. Indonesia
2. Bangladesh
3. South Africa
4. China

Answer: South Africa

South Africa joined BRIC in 2010, after which the grouping became BRICS. The other options are not members that joined in 2010. Therefore, South Africa is correct.

Q3. In the wake of the Andhra Pradesh microfinance crisis in 2010, the Reserve Bank of India constituted a committee to study issues and concerns in the MFI sector. The name of the committee was

1. Malegam Committee
2. Abhijit Sen Committee
3. Bimal Jalan Committee
4. Narasimhan Committee

Answer: Malegam Committee

The committee formed by the RBI to examine issues in the microfinance sector after the Andhra Pradesh crisis was the Malegam Committee. It made important recommendations on loan size, interest rates, and borrower protection.

Q4. What will be the day of the week on 15th August, 2010?

1. Sunday
2. Monday
3. Tuesday
4. Friday

Answer: Sunday

2010 is a non-leap year. Counting the days from 1 January 2010 to 15 August 2010 gives 226 days elapsed, and 226 mod 7 = 2. Starting from the known weekday of 1 January 2010, this leads to Sunday on 15 August 2010.