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IBPS PO 2023 — solved question paper

26 IBPS PO 2023 questions with worked solutions.

Q1. As of December 2023, which two states are among the top contributors to India's registered micro, small, and medium enterprises (MSMEs), collectively contributing nearly 40% along with Uttar Pradesh?

  1. Karnataka and Gujarat
  2. Maharashtra and Tamil Nadu
  3. West Bengal and Rajasthan
  4. Andhra Pradesh and Telangana

Answer: Maharashtra and Tamil Nadu

Maharashtra and Tamil Nadu are among the leading contributors to India's registered MSMEs, and together with Uttar Pradesh they account for nearly 40% of the total. This makes them the correct pair.

Q2. Who took over as President of the Associated Chambers of Commerce and Industry of India (ASSOCHAM) in March 2023?

  1. Upendra Kumar Sinha
  2. Ajay Singh
  3. Srikanth Venkatachari
  4. Lalit Kumar Gupta

Answer: Ajay Singh

Ajay Singh was appointed as the President of ASSOCHAM in March 2023. The question asks about a current affairs appointment in a business chamber.

Q3. Where was the International Education Summit on academic excellence held in 2023?

  1. London
  2. Dubai
  3. New York
  4. Singapore

Answer: Dubai

The summit was held in Dubai in 2023. Such questions test current affairs related to international events and venues.

Q4. Which country's satellite is ISRO launching on April 22, 2023?

  1. India
  2. Singapore
  3. China
  4. Japan

Answer: Singapore

ISRO launched a Singaporean satellite on April 22, 2023. Such questions test recent current affairs related to space missions and international launches.

Q5. The tropical cyclones forming over different ocean basins are named by the concerned regional specialised meteorological centres (RSMCs) and regional tropical cyclone warning centres (TCWCs). According to the 'List of North Indian Ocean Tropical Cyclone Names', what is the name of the cyclone after 'Biparjoy', and which country recommended that name?

  1. Prahar, Bangladesh
  2. Akhand, India
  3. Tej, India
  4. Bhanwar, Nepal

Answer: Tej, India

In the North Indian Ocean cyclone naming list, the name following Biparjoy is Tej. This name was recommended by India.

Q6. Despite prolonged geopolitical tensions and slowing global trade, India's merchandise exports touched US$ 450.4 billion during 2022–23, which was 6.7% above the previous year's record level. Which sector contributed the largest share in India's merchandise exports?

  1. Electronic Goods
  2. Petroleum Products
  3. Rice
  4. Organic and Inorganic Chemicals

Answer: Petroleum Products

India's merchandise export basket is led by petroleum products because refined petroleum exports contribute a very large value share. In 2022–23, this sector remained the largest contributor among the given options.

Q7. The Union Cabinet has approved the setting up of three national-level multi-State cooperative societies. These cooperative societies are related to which of the following sectors? 1. Certified Seeds 2. Organic Farming 3. Distribution of P&K Fertilizers 4. Exports 5. Palm Oil Production

  1. 1, 2, 3 and 5
  2. 1, 2 and 4
  3. 2, 3, 4 and 5
  4. 1, 2, 3, 4 and 5

Answer: 1, 2 and 4

The Union Cabinet approved three national-level multi-State cooperative societies for certified seeds, organic farming, and exports. These were intended to strengthen the cooperative ecosystem in agriculture and market access. Hence the correct combination is 1, 2 and 4.

Q8. Which of the following Indian personalities was not listed among Forbes 2023 World's 100 Most Powerful Women, published in December 2023?

  1. Nirmala Sitharaman
  2. Nita Ambani
  3. Soma Mondal
  4. Kiran Mazumdar-Shaw

Answer: Nita Ambani

Forbes published its 2023 World's 100 Most Powerful Women list in December 2023. Nita Ambani was not included among the listed Indian personalities in that ranking.

Q9. Fifty years after the launch of Project Tiger on April 1, 1973, India's tiger population today ranges from 2,500 to 3,000. When Project Tiger started, India had ______ tiger reserves. In 2023, India has ______ tiger reserves.

  1. 9, 47
  2. 9, 53
  3. 9, 48
  4. 9, 55

Answer: 9, 53

Project Tiger began in 1973 with 9 tiger reserves. By 2023, India had 53 tiger reserves. Therefore, the correct pair is 9, 53.

Q10. The Union Cabinet recently approved an initial outlay of ₹_____ crore for the Green Hydrogen Mission.

  1. 12,625
  2. 19,744
  3. 15,343
  4. 20,523

Answer: 19,744

The Union Cabinet approved the National Green Hydrogen Mission with an initial outlay of ₹19,744 crore. This was widely reported in current affairs for 2023.

Q11. Which metal was NOT used to make the commemorative ₹75 coin launched at the new Parliament's inauguration?

  1. Silver
  2. Copper
  3. Nickel
  4. Gold

Answer: Gold

The ₹75 commemorative coin (Parliament inauguration, May 2023): 50% Silver, 40% Copper, 5% Nickel, 5% Zinc. Gold was NOT part of its composition.

Q12. Which one of the following states was among the top 3 states in terms of highest GST revenues in June 2023? 1. Haryana 2. Karnataka 3. Gujarat 4. Uttar Pradesh 5. Maharashtra

  1. Only 2, 3 and 5
  2. Only 1, 3 and 4
  3. Only 1, 2 and 5
  4. Only 3, 4 and 5

Answer: Only 2, 3 and 5

In June 2023, the highest GST revenues were reported by Karnataka, Gujarat, and Maharashtra. Therefore, the correct combination is only 2, 3 and 5.

Q13. Which of the following companies has not received SEBI approval to raise funds through initial public offerings (IPOs) in 2023?

  1. Indian Renewable Energy Development Agency
  2. Ganviz Enterprises
  3. Both 1 and 2
  4. Suraj Estate Developers

Answer: Ganviz Enterprises

Indian Renewable Energy Development Agency and Suraj Estate Developers are real companies associated with IPO activity in 2023. Ganviz Enterprises is the option that does not correspond to a SEBI-approved IPO applicant in this context. Hence, it is the correct answer.

Q14. Which of the following small savings schemes will provide the highest return in July–September 2023?

  1. Kisan Vikas Patra
  2. National Savings Certificate (NSC)
  3. Senior Citizen Savings Scheme
  4. Sukanya Samriddhi

Answer: Senior Citizen Savings Scheme

For July–September 2023, the Senior Citizen Savings Scheme offered the highest interest rate among the given options. Therefore, it provides the highest return for that quarter. Hence, the correct answer is Senior Citizen Savings Scheme.

Q15. India's revised GDP growth rate forecast by RBI for FY23?

  1. 7.1 percent
  2. 7.2 percent
  3. 7.3 percent
  4. 7.4 percent

Answer: 7.2 percent

The RBI revised India's GDP growth forecast for FY23 to 7.2 percent. This is a standard current-affairs economy fact often asked in banking exams. Hence, 7.2 percent is correct.

Q16. What is the revised GDP growth projection for India for the financial year 2023-24 as announced by RBI Governor Shaktikanta Das?

  1. 6.00%
  2. 6.50%
  3. 6.70%
  4. 7.00%

Answer: 7.00%

RBI Governor Shaktikanta Das announced the revised GDP growth projection for India for FY 2023-24 as 7.0%. This is a current affairs-based economy question.

Q17. What percentage of fertilizer subsidy savings will be incentivized for the promotion of organic and natural farming under PM-PRANAM?

  1. 60%
  2. 70%
  3. 50%
  4. 45%

Answer: 50%

Under PM-PRANAM, 50% of the fertilizer subsidy savings are incentivized for promoting organic and natural farming. This is a current affairs policy fact relevant to government schemes.

Q18. Which of the following person headed the panel formed on 'One Nation, One Election'?

  1. Ram Nath Kovind
  2. Ranjan Gogoi
  3. Pratibha Devisingh Patil
  4. Yashwant Sinha

Answer: Ram Nath Kovind

The panel on 'One Nation, One Election' was headed by former President Ram Nath Kovind. The question refers to the committee constituted in 2023 to examine simultaneous elections in India.

Q19. FAO has endorsed India’s proposal to declare the year ______ as the "Year of Millets".

  1. 2025
  2. 2023
  3. 2024
  4. 2022

Answer: 2023

The FAO endorsed India’s proposal for the International Year of Millets in 2023. Hence, the blank is 2023.

Q20. According to Economic Survey 2022-23, what was the growth rate in total number of subscribers under the National Pension Scheme (NPS) and Atal Pension Yojana (APY)?

  1. 20.10%
  2. 22.50%
  3. 25.10%
  4. 28.30%

Answer: 25.10%

The Economic Survey 2022-23 reported a 25.10% growth in total subscribers under both the National Pension Scheme (NPS) and the Atal Pension Yojana (APY) combined.

Q21. Which name was approved by the International Astronomical Union (IAU) for the Chandrayaan-3 landing site?

  1. Vikram Point
  2. Pragyan Point
  3. Shiv Shakti
  4. Tiranga

Answer: Shiv Shakti

The International Astronomical Union (IAU) officially approved 'Shiv Shakti Point' as the name for the site on the Moon where Chandrayaan-3's Vikram lander touched down on August 23, 2023. The name was proposed by PM Modi.

Q22. NISAR was handed over to ISRO on 8 March 2023. NISAR is a joint mission of ISRO and which organization?

  1. ESA
  2. JAXA
  3. NASA
  4. CNSA

Answer: NASA

NISAR (NASA-ISRO Synthetic Aperture Radar) is a joint Earth-observation satellite project between NASA and ISRO. The satellite was formally handed over to ISRO in March 2023 before its launch.

Q23. In January, which company ranked first among arrangers for Indian offshore loans in 2023?

  1. HSBC Holdings plc
  2. Muthoot Finance
  3. Bajaj Finance
  4. Mahindra & Mahindra Financial Services

Answer: HSBC Holdings plc

HSBC Holdings plc, one of the world's largest banking and financial services organizations, ranked first among arrangers for Indian offshore (syndicated) loans in 2023.

Q24. Directions (114-115): Read the information and answer the following questions. Four stations in a rectangular form ABCDA. The distance between A to B is (P²+100) km and that of between B and C is (20P+100) km. Train Y starts from station A and continues travel to D via station B to C. Total distance travelled by the train is 2700 km in 25 hours. The table given below shows the time to cross the pole and time to cross platform. Train X: Time to cross pole = 0.5P - 5 sec, Time to cross platform = P sec Train Y: Time to cross pole = ............, Time to cross platform = Q sec Train Z: Time to cross pole = M sec, Time to cross platform = P+6 sec Note: Average time taken by all the train to cover platform is (Q+6) second and length of platform = 400 meters. Q114. If the length of train Z is average length of train X and Y, then find M.

  1. 14
  2. 32.14
  3. 28
  4. 20

Answer: 28

Using the train-length relation from crossing a pole and a platform, the length of train Z is tied to the average of the lengths of trains X and Y. Substituting the given expressions and simplifying gives M = 28.

Q25. Directions (114-115): Read the information and answer the following questions. Four stations in a rectangular form ABCDA. The distance between A to B is (P²+100) km and that of between B and C is (20P+100) km. Train Y starts from station A and continues travel to D via station B to C. Total distance travelled by the train is 2700 km in 25 hours. The table given below shows the time to cross the pole and time to cross platform. Train X: Time to cross pole = 0.5P - 5 sec, Time to cross platform = P sec Train Y: Time to cross pole = ............, Time to cross platform = Q sec Train Z: Time to cross pole = M sec, Time to cross platform = P+6 sec Note: Average time taken by all the train to cover platform is (Q+6) second and length of platform = 400 meters. Q115. Find the ratio of P : Q.

  1. 5:4
  2. 2:1
  3. 1:8
  4. 2:3

Answer: 2:1

From the platform-time condition and the average relation, we can first determine the values linked to P and Q. Solving the resulting equations gives the ratio P:Q = 2:1.

Q26. Five persons Jai, Zia, Devin, Richard, and Mark are going on vacation to different cities: Mongolia, Lisbon, Tokyo, Bennett, and Nagasaki. They were born in different years: 1968, 1971, 1987, 1997, and 2007, but not necessarily in the same order. - The person who went to Mongolia is half the age of the person who went to Lisbon. - Two persons are born between Devin and Mark. - Richard is born just before Zia. - The person who visited Tokyo was not born in the year 2007. - The person who went to Nagasaki has an age that is a multiple of five. - Mark is not the eldest person among the five persons. - Devin's age is not an even number. - Base year: 2023. Question: Which city did Zia visit for vacation?

  1. Tokyo
  2. Nagasaki
  3. Bennett
  4. Mongolia

Answer: Tokyo

From the age conditions and the base year 2023, the birth years correspond to ages 55, 52, 36, 26, and 16. Using the clues, Richard and Zia must occupy consecutive years, and the city-age constraints force Zia to be the person who visited Tokyo. Hence, Zia visited Tokyo.

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