Banking Awareness Quiz for SBI PO |

Dear Readers,

Welcome to the world of Banking and Financial Awareness. With SBI PO Prelims round the corner, it should be your priority to cover every aspect of Banking and Financial Awareness on daily basis. Let us see how many questions you attempt accurately.

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Q1. NPCI is an umbrella organization for all retail payments system in India. It was set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA). What does NPCI stand for-

(a) National Payments Corporation of Industry

(b) National Payments Council of India

(d) National Payments Corporation of India

(e) National Product Corporation of India

Q2. In which among the following years NPCI was incorporated-

(a) December 2008

(b) January 2006

(d) July 2012

(e) None of the given options is true

Q3. The Bank for International Settlements (BIS) is the world’s oldest international financial organisation. BIS was established on-

(a) 26th May 1961

(b) 01st October 1949

(d) 21st August 1945

(e) 17th May 1930

Q4. Where is the head office of Bank for International Settlements (BIS)?

(a) Zurich, Switzerland

(b) New York, USA

(d) Berlin, Germany

(e) Geneva, Switzerland

Q5. Under which act NPCI was incorporated as a Section 8?

(a) Banking Regulation Act, 1949

(b) Companies Act 2013

(d) Societies Registration Act, 1860

(e) None of the given options is true

Q6. At present 24 Nationalized banks and one private sector bank are authorized to handle the Senior Citizens Savings Scheme (SCSS), 2004. Name the private sector bank, which are authorized to handle the Senior Citizens Savings Scheme (SCSS), 2004?

(a) ICICI bank

(b) HDFC Bank

(d) Yes Bank

(e) Kotak Mahindra Bank

Q7. The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises. As under a micro enterprise is an enterprise where investment in plant and machinery does not exceed…………..?

(a) Rs. 100 lakh

(b) Rs. 15 lakh

(d) Rs. 50 lakh

(e) None of the given options is true

Q8. Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note. In which year Commercial Paper was introduced in India?

(a) 1975

(b) 1990

(d) 1955

(e) 1980

Q9. Which Bank of India maintains the Principal Accounts of Central as well as State Governments at its Central Accounts Section?

(a) IDBI

(b) SBI

(d) NABARD

(e) RBI

Q10. Who are eligible to issue Commercial Paper (CP)?

(a) Corporate

(b) Primary dealers (PDs)

(d) All of the above

(e) None of the given options is true

Q11. BCBS is the primary global standard setter for the prudential regulation of banks and provides a forum for cooperation on banking supervisory matters. What is mean of ‘S’ in BCBS?

(a) Supervision

(b) Serious

(d) Service

(e) Stands

Q12. The Basel III capital regulation has been implemented from April 1, 2013 in India in phases and it will be fully implemented as on-

(a) 31st March 2020

(b) 31st March 2019

(d) 31st March 2018

(e) None of the given options is true

Q13. Which among the following product is not a product of NPCI?

(a) Unified Payments Interface (UPI)

(b) Bharat Interface for Money (BHIM)

(d) Bharat Bill Payment System (BBPS)

(e) National Automated Clearing House (NACH)

Q14. Which card is a new card payment scheme launched by NPCI?

(a) Maestro card

(b) Visa Card

(d) RuPay

(e) None of the given options is true

Q15. The Basel Committee has issued the full text of the revised LCR following endorsement on 06th January 2013 by its governing body. What is mean of ‘C’ in LCR?

(a) Custody

(b) Commercial

(d) Cash

(e) Coverage

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