Banking Awareness for SBI PO 2017

Q1. NABARD was dedicated to the service of the nation by the late Prime Minister Smt. Indira Gandhi on-
(a) 12th July 1982
(b) 01st January 1949
(c) 19th July 1980
(d) 15th April 1969
(e) 05th November 1982

Q2. The mission of NABARD is to Promote sustainable and equitable agriculture and rural prosperity through effective credit support, related services, institution development and other innovative initiatives. What is the meaning of "R" IN NABARD?
(a) Regional
(b) Rural
(c) Reconstruction
(d) Revised
(e) Remittance

Q3. SAT is a statutory body established under the provisions of Section 15K of the Securities and Exchange Board of India (SEBI) Act, 1992. SAT stands for-
(a) Securities Appellate Tribunal
(b) Securities Appellate Treaty
(c) Securities Association Tribunal
(d) Saving Appellate Tribunal
(e) None of the given options is true

Q4. The Securities and Exchange Board of India (SEBI) was established on-
(a)  12th April 1999
(b)  12th April 1992
(c)  12th April 1949
(d)  12th April 1990
(e)  12th April 1995

Q5. NABARD was set up with an initial capital of-
(a) Rs 200 crore
(b) Rs 1500 crore
(c) Rs 500 crore
(d) Rs 100 crore
(e) Rs 1000 crore

Q6. Which organisation holding the highest/maximum share in NABARD as on 31st March 2015?
(a) Finance Ministry
(b) Government of India
(c) Reserve Bank of India
(d) Securities and Exchange Board of India
(e) None of the given options is true

Q7. Who is the present Chairman of SEBI?
(a) Upendra Kumar Sinha
(b) Kshatrapati Shivaji
(c) Yaduvendra Mathur
(d) Shaktikanta Das
(e) Urjit Patel

Q8. NABARD's affairs are governed by a Board of Directors. The Board of Directors is appointed by the Government of India in consonance with NABARD Act. Who is the present Chairman of NABARD?
(a) Arvind Subramanian
(b) Rana Kapoor
(c) Arundhati Bhattacharya
(d) Raghuram Rajan
(e) Harsh Kumar Bhanwala

Q9. Name the organisation, which mission is to promote sustainable and equitable agriculture and rural prosperity through effective credit support, related services, institution development and other innovative initiatives?
(a) SEBI
(b) RBI
(c) SIDBI
(d) NABARD
(e) FICCI

Q10. At the instance of Government of India Reserve Bank of India (RBI) was constituted a committee to review the arrangements for institutional credit for agriculture and rural development (CRAFICARD) on 30 March 1979, under the Chairmanship of-
(a) V K Malhotra
(b) C Rangarajan
(c) B Sivaraman
(d) Hilton Young
(e) None of the given options is true

Q11. The Government of India, the concerned State Government and the bank, which had sponsored the RRB contributed to the share capital of RRBs in the proportion of ________________ respectively.
(a) 50%, 15% and 35%
(b) 50%, 35% and 15%
(c) 35%, 50% and 35%
(d) 15%, 50% and 35%
(e) None of the given options is true

Q12. Regional Rural Banks (RRBs) were established in 1975 under the provisions of the Ordinance promulgated on the 26th September 1975 and followed by which act?
(a) Companies Act, 1956
(b) RRBs Act, 1976
(c) RBI Act, 1935
(d) Banking Regulation Act, 1949
(e) None of the given options is true

Q13. FICCI is the largest and oldest apex business organisation in India. (FICCI) was established in-
(a) 1913
(b) 1919
(c) 1927
(d) 1935
(e) 1949

Q14. FICCI history is closely interwoven with India's struggle for independence, its industrialisation, and its emergence as one of the most rapidly growing global economies. What is the meaning of "F" in FICCI?
(a) Follower
(b) Federal
(c) Financial
(d) Federation
(e) None of the given options is true

Q15. In which of the following cities, The Head Office of FICCI is located?
(a) Hyderabad
(b) Chennai
(c) Kolkata
(d) Mumbai
(e) New Delhi









Solutions

1.E
2.B
3.A
4.B
5.D
6.B
7.A
8.E
9.D
10.C
11.A
12.B
13.C
14.D
15.E

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Banking Awareness Quiz for SBI PO

Q1. In order to attract more foreign exchange the Govt of India decided to allow foreign investment in LLP firms. What is full form of “LLP” as used in this reference?

(a) Local Labour Promotion

(b) Low Labour Projects

(c) Limited Loan Partnership

(d) Longer Liability Partnership

(e) Limited Liability Partnership

Q2. The process by which a life insurance policyholder can transfer all rights, title and interest- under a policy contract to a third person is known as?

(a) Assignment of the policy

(b) Hypothecation of the policy

(c) Reinvestment of the policy

(d) Negotiation of the policy

(e) Nomination of the policy

Q3. Which of the following is the popular name of the norms by which a bank satisfies itself about the customer’s identity and activities?

(a) Basel norms

(b) KYC norms

(c) Service norms

(d) Lending norms

(e) None of the above

Q4. Today, Banks in addition to normal banking services, offer which of the following services? 

(a) Internet Banking

(b) Depository Services

(c) Financial Counseling Services

(d) Only (a) and (b) above

(e) All of the above 

Q5. KYC guidelines followed by the banks have been framed on the recommendations of the?

(a) Ministry of Home Affairs

(b) Ministry of Rural Development

(c) Indian Banks Association

(d) Financial Intelligence Unit

(e) Reserve Bank of India

Q6. As per RBI guidelines, when a counterfeit note is detected at the branch, it should be:

(a) Branded with a stamp “COUNTERFEIT BANKNOTE”

(b) Recorded in a separate register under authentication

(c) Acknowledged in the prescribed format of RBI and issued to the tendered

(d) All of the above

(e) None of the above

Q7. Asset Reconstruction Company is associated with..........?

(a) DICGC

(b) ECGC

(c) NPA

(d) SEBI

(e) None of the above

Q8. Association of National Exchange Members of India (ANMI) is a body consisting of?

(a) Bankers and SEBI

(b) SEBI and IBA

(c) Brokers Operating in the National Exchange

(d) Bankers, SEBI, IBA and RBI

(e) None of the above

Q9. At what stage of opening of bank account is the checking of Politically Exposed Persons (PEP) carried out:

(a) at the first point of customer interaction

(b) at the Account Services Level

(c) at the Central Account Services Level

(d) one month after the account is opened

(e) None of the above

Q10. Authorized Dealers for foreign exchange transactions are appointed by:

(a) Reserve Bank of India

(b) Government of India

(c) Individual Banks

(d) FEDAI

(e) None of the above

Q11. As per the reports, the collection of direct taxes has gone up by about 19% in last few months. Which of the following agencies releases the figures about tax collection?

(a) Central Statistical organisation

(b) Reserve Bank of India 

(c) Department of Income Tax 

(d) Central Board of Direct Taxes

(e) None of the above

Q12. MUDRA Bank will regulate and refinance all Micro-Finance Institutions (MFIs) in India.  What is the full form of 'MUDRA'? 

(a) Micro and Universal Development Refinance Agency 

(b) Micro Units Development and Refinance Agency

(c) Micro-finance Units Development and Regulation Agency 

(d) Micro Units Development and Regulation Agency

(e) None of the above

Q13. What amount of corpus is allocated to set up MUDRA Bank? 

(a) Rs. 20,000 crore

(b) Rs. 25,000 crore

(c) Rs. 3,000 crore

(d) Rs. 3,500 crore

(e) None of the above

Q14. What percentage of Priority Sector Lending (PSL) is being created for Micro Enterprises by March 2017? 

(a) 10 % 

(b) 7.5 %

(c) 8.5 % 

(d) 9.5 % 

(e) None of the above

Q15. MUDRA Bank as a wholly owned subsidiary of which institutions? 

(a) Non-Banking Financial Companies (NBFCs) 

(b) Commercial Banks 

(c) Micro Finance Institutions (MFIs) 

(d) Small Industries Development Bank of India (SIDBI)

(e) None of the above

Solutions

1.E

2.A

3.B

4.E

5.E

6.D

7.C

8.C

9.A

10.A

11.D

12.B

13.A

14.B

15.D

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Banking Current Affairs

1)   SEBI has allowed celebs to endorse which products?
a. Stocks and shares
b. Mutual funds
c. Dividends
d. Insurance

2)   A banana research center is being established in which district of Bihar?
a. Vaishali
b. Ara
c. Muzzafarpur
d. None of the above

3)   Who won the vote of confidence in Goa?
a. BJP
b. INC
c. GKP
d. MGP

4)   Who has been sworn in as the 26th CM of Punjab?
a. G. Badal
b. Capt. Amarinder Singh
c. Navjot Sidhu
d. None of the above

5)   FTII and Canon signed an MoU to promote ________
a. Film education
b. Film funding
c. Film production
d. None of the above

6)   What does TIES stand for?
a. Trade Infrastructure for Export Scheme
b. Trade Investment for Export Scheme
c. Trade India for Export Scheme
d. None of the above

7)   Union Cabinet on 15th March 2017 approved MoU for border haats with which country?
a. Bangladesh
b. Burma
c. Bhutan
d. Borneo

8)   Which singer turned Union Minister has been appointed vice president of U-17 FIFA World Cup committee?
a. Babul Supriyo
b. Hema Malini
c. Lata Mangeshkar
d. None of the above

9)   Royal assent has been given to Brexit bill to trigger which article of the EU Lisbon Treaty?
a. Article 50
b. Article 51
c. Article 52
d. Article 53

10)   The students of MIT-Pune and IBM have developed which robot to assist senior citizens in everyday tasks?
a. Chintu
b. Mintu
c. Chintan
d. None of the above

11)   What will be the impact of World Bank approving US$175 for India's Hydrology Project?
a. Strengthening the capacity of existing institutions to assess the water situation
b. Equipping them with real time flood forecast systems across the nation
c. Helping new states to better manage water flows from reservoirs
d. All of the above

12)   Union Cabinet on 15th March 2017 approved the National Health Policy for _________
a. Increasing public healthcare expenditure to 2.5 percent of GDP
b. Allocation of more than two-thirds of the resources towards primary healthcare
c. Both of the above
d. Neither of the above













Solutions

1.B
2.A
3.A
4.B
5.A
6.A
7.A
8.A
9.A
10.A
11.D
12.C

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BANKING AWARENESS

1. Union Minister of State for Atomic Energy for Space is ___________
A.) Piyush Goyal
B.) Dr. Jitendra Singh
C.) V. K. Singh
D.) Maneka Gandhi

2. Commercial arm of ISRO is ______
A.) ANTRAX
B.) ANTRIX
C.) ANTRAX
D.) ANDROID

3. New TRAI (Telecom Regulatory Authority of India) Chairman is _________
A.) R. S. Sharma
B.) K. V. Chowdary
C.) Prashant Pathrabe
D.) Prof Sanghmitra Bandyopadhyay

4. ISRO achieved a huge milestone as it successfully tested latest and most powerful cryogenic engine for 800 seconds on 20th July 2015. This full duration test was performed successfully at _________
A.) Thumba, Kerala
B.) Sriharikota, Andhra Pradesh
C.) Chandipur, Odisha
D.) Mahendragiri, Tamilnadu

5. "Father of Indian Missile Science" is ______
A.) A. P. J. Abdul Kalam
B.) P. K. Iyengar
C.) C. V. Raman
D.) Sir Jagadish Chandra Bose

6. The list of Important days given. Locate the correct option ?
A.) National Broadcasting Day - 23rd July
B.) World Blood Donors Day - 14th June
C.) National Doctor's Day - 1st July
D.) All of these

7. On 25th July 2015, to ensure round the clock electricity supply to farmers and rural households, "Deen Dayal
Upadhyaya Gram Jyoti Yojana" launched at _______
A.) Suratgarh
B.) Patna
C.) Varanasi
D.) New Delhi

8. The ICC World Twenty 20 cup 2016 hosts by _________
A.) India
B.) Bangladesh
C.) Sri Lanka
D.) England

9. Trophy and Sport / Game event given, Pick the correct combination.
A.) Cricket - ICC World Cup, Ashes cup, Ranji Trophy, Deodhar Trophy, Duleep Trophy, Irani Trophy
B.) Football - FIFA cup, Durand Cup, Rovers Cup, Santosh Trophy, Subroto Cup
C.) Hockey - Agha Khan Cup, Beighton Cup, Dhyan Chand Trophy, Murugappa Gold Cup
D.) All of above

10. Who is the winner of Tour De France 2015 ?
A.) Alejandro Belmonte (Spain)
B.) Chris Froome (Kenyan born British)
C.) Vincenzo Nibali (Italy)
D.) Fabian Cancellara (Switzerland)













Solutions

1.B
2.B
3.A
4.D
5.A
6.D
7.B
8.A
9.D
10.B

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Banking Awareness for Indian Bank PO

Q1. Financial literacy is a serious issue for RBI, because?
(a) It would enable better understanding of banking business
(b) With better understanding, more and more people would utilise the banking services
(c) It would mean banks can do more business
(d) It would mean the maximum number of people
(e) None of the given options is true

Q2. RBI has replaced BPLR regime by Base Rate regime w.e.f?
(a) July 1, 2010
(b) July 5, 2010
(c) July 11, 2010
(d) July 15, 2010
(e) None of the given options is true

Q3. Many times, we read about Special Drawing Right (SDR) in newspapers. As per in definition, SDR is a monetary unit of the reserve assets of which of the following organisations/agencies?
(a) World Bank
(b) International Monetary Fund (IMF)
(c) Reserve Bank of India (RBI)
(d) Organisation of the Petroleum Exporting Countries (OPEC)
(e) None of the given options is true

Q4. Reserve Bank of India is-
(a) an extension wing of Ministry of Finance, Government of India
(b) India's central banking institution, which controls the monetary policy of the Indian rupee
(c) an Institution owned by Indian Bank’s Association
(d) a private sector company
(e) None of the given options is true

Q5. The term ‘Ways and Means’ advances refer to?
(a) The temporary advance made to the government by its Bankers to bridge the interval between expenditure and the flow of receipt of revenues
(b) the advance given by the Banks to the poorest of the society
(c) lending made under PMRY scheme
(d) All of the above
(e) None of the given options is true

Q6. Most banks are offering teaser rates on home loans. What does it mean?
(a) The rates keep fluctuating during the period of loan with high uncertainty
(b) The initial rate is offered at a rate lower than the prevailing market rate for a few months and then gradually keeps increasing
(c) The initial rate is higher than the current market rate with offer of lower rates at a later date
(d) Home loan borrowers of shorter duration are given preferential rate
(e) None of the given options is true

Q7. Who decides the value and volume of bank note to be printed and on what basis?
(a) Finance Ministry
(b) Planning Commission
(c) RBI
(d) Stock Exchange
(e) None of the given options is true

Q8. Indian Banking Regulation Act was passed in the year?
(a) 1971
(b) 1969
(c) 1949
(d) 1947
(e) None of the given options is true

Q9. Financial Market consists of-
(a) Foreign exchange
(b) Debt Instruments
(c) Equities
(d) All of the above
(e) None of the given options is true

Q10. Who is authorised to sign ‘one-rupee’ note?
(a) Secretary, Ministry of Finance
(b) RBI Governor
(c) Prime Minister
(d) Finance Minister
(e) None of the given options is true

Q11. The term “Balance of Trade” means?
(a) A point where the values of imports and exports are equal
(b) the term is used with reference to bilateral trade agreements with countries of CIS Block
(c) the difference between the value of the imports and exports of a country
(d) the difference between the total of transactions with foreign countries in trade, services and capital
(e) None of the given options is true

Q12. More number of banks’ branches are located in?
(a) metropolitan areas
(b) semi-urban areas
(c) urban areas
(d) rural areas
(e) None of the given options is true

Q13. Which of the following Rates/Ratios is not covered under the Monetary and Credit Policy of the RBI?
(a) Bank Rate
(b) Repo Rate
(c) Cash Reserve Ratio
(d) Exchange Rate of Foreign Currencies
(e) None of the given options is true

Q14. Which of the following agencies is associated with the business of Insurance sector as a regulator?
(a) NPCI
(b) IRDA
(c) SEBI
(d) AMFI
(e) None of the given options is true

Q15. Khandelwal Committee relates to study of............. issue in Public Sector Banks?
(a) Capital Adequacy Ratio
(b) Human Resources
(c) Branch Expansion
(d) Foreign Exchange
(e) None of the given options is true














Solutions

1.B
2.A
3.B
4.B
5.A
6.B
7.C
8.C
9.D
10.A
11.C
12.D
13.D
14.B
15.B

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Banking Current Affairs

1)   Which Congress legislator was a minister in the Rangswamy government in 2011?
a. K. Chandrakasu
b. H. Chandrakasu
c. M. Chandrakasu
d. None of the above

2)   Veteran journalist Arvind Padmanabham was associated with which media groups?
a. IANS
b. PTI
c. ToI
d. All of the above

3)   Name the cultural festival held in Egypt to showcase India.
a. India by the Nile
b. Ganga and the Nile
c. Nile and India
d. None of the above

4)   Comprehensive web platform showcasing government performance has been launched in Karnataka called _______
a. Parichay
b. Parivartan
c. Pratibimba
d. None of the above

5)   Which country has the highest bribery rate in the Asia Pacific region?
a. Japan
b. China
c. Pakistan
d. None of the above

6)   Aishwariya Rai Bachchan has won the IFFAA best actress award for _________
a. Sarabjit
b. Ae Dil Hai Mushkil
c. Provoked
d. None of the above

7)   The Science and Technology ministry is set to reproduce Buddhist Circuit monuments using ______.
a. 3-D systems
b. Cyber-physical systems
c. Virtual reality
d. All of the above

8)   Which country is developing stealth military drones to evade anti-aircraft weapons?
a. China
b. Japan
c. North Korea
d. None of the above

9)   Tehran tested a ballistic missile in the first week of March called _________ .
a. Hormoz 1
b. Hormoz 3
c. Hormoz 2
d. None of the above

10)   Who is South Korea's first democratically elected leader forced from office?
a. Kim Dae Jung
b. Lee Myung Bak
c. Roh Moo Hyun
d. Park Guen-hye












Solutions

1.C
2.A
3.A
4.C
5.D
6.A
7.D
8.A
9.C
10.D

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Banking Awareness for Indian Bank PGDBF

Q1. Where is headquarter of Federal Bank?
(a) Kochi
(b) Mumbai
(c) New Delhi
(d) Bengaluru
(e) None of the given options is true

Q2. Which private sector bank was earlier known as UTI Bank?
(a) Axis Bank
(b) ICICI Bank
(c) HDFC Bank
(d) Yes Bank
(e) None of the given options is true

Q3. The rural co-operatives are further divided into short-term and long-term structures. The short-term cooperative banks are tiered operating in different states. These are........?
(a) State Co-operative Banks
(b) District Central Co-operative Banks
(c) Primary Agricultural Credit Societies
(d) All of the above
(e) None of the given options is true

Q4. Co-operative banks are registered with...?
(a) Reserve Bank of India (RBI)
(b) Union Government
(c) Registrar of Cooperative Societies (RCS)
(d) Securities and Exchange Board of India (SEBI)
(e) None of the given options is true

Q5. Apna Sahakari Bank Ltd is located in-
(a) Bhopal, Madhya Pradesh
(b) Kolkata, West Bengal
(c) Lucknow, Uttar Pradesh
(d) Mumbai, Maharashtra
(e) None of the given options is true

Q6. As per the guidelines issued by the RBI, banks are preparing for a service which will allow customers to withdraw upto Rs.1,000 using their debit cards from notified shoes/stores all over the country. All such shops/stores will have ‘POS’ terminals for the same. What is full form of the ‘POS’?
(a) Payment on Sale
(b) Power of Sale
(c) Point of Sale
(d) Payment Order Service
(e) None of the given options is true

Q7. Which of the following is considered as the financial capital of India?
(a) New Delhi
(b) Kolkata
(c) Ahmedabad
(d) Mumbai
(e) None of the given options is true

Q8. One of the major emphasis of Basel II is that banks should have?
(a) Adequate Capital Adequacy Ratio
(b) Only few braches in urban centers
(c) More and more branches in rural areas
(d) Core banking mode of operation
(e) None of the given options is true

Q9. MUDRA Bank as a wholly owned subsidiary of which institutions?
(a) Non-Banking Financial Companies (NBFCs)
(b) Commercial Banks
(c) Micro Finance Institutions (MFIs)
(d) Small Industries Development Bank of India (SIDBI)
(e) None of the given options is true

Q10. What amount of corpus is allocated to set up MUDRA Bank?
(a) Rs. 20,000 crore
(b) Rs. 25,000 crore
(c) Rs. 3,000 crore
(d) Rs. 3,500 crore
(e) None of the given options is true

Q11. ‘Closed Economy’ is that economy in which............?
(a) Neither export nor import takes place
(b) Deficit financing takes place
(c) Only export takes place
(d) All of the above
(e) None of the given options is true

Q12. The SDR was created by the IMF in ____________ as a supplementary international reserve asset, in the context of the Bretton Woods fixed exchange rate system.
(a) 1945
(b) 1969
(c) 1980
(d) 1991
(e) None of the given options is true

Q13. The headquarters of SIDBI is in-
(a) Lucknow
(b) New Delhi
(c) Mumbai
(d) Kolkata
(e) None of the given options is true

Q14. LIC of India was established in-
(a) 1897
(b) 1956
(c) 1970
(d) 1965
(e) 1949

Q15. What is ‘Hawala market’?
(a) Illegal market for exchanging rupees and foreign currencies
(b) Full details of a subject
(c) Illegal trading of shares
(d) Tax evasion
(e) None of the given options is true














Solutions

1.A
2.A
3.D
4.A
5.D
6.C
7.D
8.A
9.D
10.A
11.A
12.B
13.A
14.B
15.A

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General Knowledge

1.Retail Banking refers to the dealing of commercial banks with individual customers on,

i) Liabilities.
ii) Assets.

A. only i.

B. only ii.

C. both i and ii.

D. None of these.


2.Wholesale banking is also called,

i)Corporate banking.
ii)Commercial banking

A. only i.

B. only ii.

C. both i and ii.

D. None of these.


3.With respect to wholesale banking,'term landing' is a,

i)Fund based services.
ii)Non-fund based services.

A. only i.

B. only ii.

C. both i and ii.

D. None of these.


4.In banking the term DTL refers to;

A. Detail time limit.

B. Demand and time limit.

C. Demand and time liabilities.

D. None of these.


5.Cash reserve ratio(CRR) refers to,

A. Cash that all banks are require to maintain with RBI.

B. Certain percentage of DTL of all banks.

C. Both a & b.

D. None of these.










Solutions

1.C
2.C
3.B
4.C
5.C

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