Banking Awareness Quiz for SBI PO

Q1. Which of the following is NOT a direct tax?
(a) Corporation Tax
(b) Income Tax
(c) Wealth Tax
(d) Service Tax
(e) None of the above

Q2. The World Investment Report has been published annually since 1991 by?
(a) UNCTAD
(b) UNICEF
(c) WHO
(d) World Bank
(e) None of the above


Q3. What is the full form of ‘CORE’ in core banking services?
(a) Channel of Rupee Exchange
(b) Customer Online Real-time Exchange
(c) Centralized Online Rupee Exchange
(d) Centralized Online Real-time Exchange
(e) Customer Online Rupee Exchange.


Q4. Which of the following is not an instrument of money market?
(a) Money funds
(b) Share
(c) Repurchase agreement
(d) Commercial Paper
(e) None of the above


Q5. RBI was nationalized on – 
(a) 1 July 1949
(b) 26 January 1951
(c) 1 April 1935
(d) 1 July 1955
(e) 1 January 1949


Q6. Who decides the Base Rate of commercial banks?
(a) RBI
(b) NABARD
(c) SBI
(d) Commercial Bank itself
(e) None of the above


Q7. M1, M2, M3 & M4 is used to measure-
(a) Unemployment
(b) Industrial production
(c) Loss in Balance of payment
(d) Money supply
(e) None of the above


Q8. Deflation refers to-
(a) General decline in price of various commodities and services
(b) Price decline in specific sectors.
(c) Price decline in specific commodities
(d) Sharp and sudden decline in foreign exchange reserves.
(e) None of the above


Q9. Which of the following is not a part of the World Bank?
(a) IBRD
(b) ADB
(c) IDA
(d) IFC
(e) MIGA


Q10. Which of the following articles of the Indian constitution is associated with Union Budget?
(a) 112
(b) 356
(c) 360
(d) 372
(e) None of the above


Q11. In India, National income is estimated by?
(a) Planning commission
(b) Indian Statistical Institute
(c) Central Statistical Organization
(d) National Sample Survey Organisation
(e) None of the above


Q12. Which one of the following is not an objective of fiscal policy of Indian Government?
(a) Full employment
(b) Regulation of Inter-State-trade
(c) Price stability
(d) Equitable distribution of wealth & income
(e) None of the above


Q13. What is the maximum ceiling on Foreign Direct Investment (FDI) for investment in the equity of Public Sector Banks in India?
(a) 20%
(b) 26%
(c) 49%
(d) 51%
(e) 74%


Q14. Narrow Money is the term in monetary aggregates, which is represented by?
(a) M2
(b) M4
(c) M1
(d) M3
(e) None of the above


Q15. Agriculture Insurance Company of India Limited (AIC) has been formed at the behest of Government of India, consequent to the announcement by the then Hon’ble Union Finance Minister in his General Budget Speech FY 2002-03. Where is headquarter of AIC? 
(a) Mumbai
(b) Chennai
(c) New Delhi
(d) Lucknow
(e) Kolkata


Answers will be updated soon…