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.
Q1. 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 above
Q2. The hundred rupee currency note in India bears the signature of-
(a) Finance Minister of India
(b) Prime Minister of India
(c) President of India
(d) Governor of the RBI
(e) None of the above
Q3. Which of the following terms is not used in banking and Finance?
(a) Capital gain
(b) Plan Finance
(c) Market risk
(d) Apartheid
(e) None of the above
Q4. Life Insurance Corporation (LIC) was came into existence in_______
(a) 1955
(b) 1956
(c) 1957
(d) 1961
(e) 1982
Q5. Headquarter of IRDAI is located in-
(a) Hyderabad
(b) New Delhi
(c) Mumbai
(d) Kolkata
(e) Chennai
Q6. How much amount was authorised capital of NPCI?
(a) Rs 100 crore
(b) Rs 500 crore
(c) Rs 300 crore
(d) Rs 200 crore
(e) Rs 400 crore
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
(c) Rs. 25 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
(c) 1985
(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
(c) SIDBI
(d) NABARD
(e) RBI
Q10. How much amount was paid-up capital of NPCI?
(a) Rs 100 crore
(b) Rs 500 crore
(c) Rs 300 crore
(d) Rs 200 crore
(e) Rs 400 crore
Q11. The government of India recently decided to allow Currency Futures in India. In addition to Ministry of Finance, which is/are the other organisation(s) whose permission/approval is needed for such operations in India?
1. International Monetary Fund (IMF)
2. Reserve Bank of India (RBI)
3. Securities and Exchange Board of India (SEBI)
(a) Only 1
(b) Only 2
(c) Only 3
(d) Only 2 and 3
(e) None of the above
Q12. The Reserve Bank of India has decided to help banks, as a temporary measure, by providing additional liquidity support under LAF. What is the full form of LAF?
(a) Loan Adjustment Fund
(b) Liquidity Adjustment Facility
(c) Long Awaited Funds
(d) Loan against Funds
(e) None of the above
Q13. The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form-
(a) Reserve Bank of India
(b) Imperial Bank of India
(c) Bank of India
(d) Union Bank of India
(e) None of the above
Q14. Which bank was earlier called the ‘Imperial Bank of India?
(a) RBI
(b) SBI
(c) UBI
(d) PNB
(e) BOI
Q15. India’s largest commercial bank is….?
(a) Central Bank of India
(b) State Bank of India
(c) Indian overseas bank
(d) Bank of India
(e) Punjab National Bank
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