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. The Monetary Policy of India is announced by-
(a) Prime Minister
(b) Governor of the RBI
(c) Union Finance Minister
(d) Union Commerce Minister
(e) Chairman of SBI
Q2. Which of the following rates is NOT decided by the Reserve Bank of India?
(a) Bank rate
(b) Repo rate
(c) Reverse Repo rate
(d) Income Tax rate
(e) CRR
Q3. The apex organisation of Indian money market is-
(a) SBI
(b) SEBI
(c) RBI
(d) IRDA
(e) NABARD
Q4. Which of the following banks merged with Punjab National Banks in 1993?
(a) New Bank of India
(b) Central Bank of India
(c) Imperial Bank of India
(d) Common Bank of India
(e) None of the above
Q5. How many languages are used on a Ten Rupee note?
(a) 2
(b) 7
(c) 10
(d) 15
(e) 16
Q6. The place where bankers meet and settle their mutual claims and accounts is known as?
(a) Treasury
(b) Clearing House
(c) Dumping house
(d) Collection center
(e) None of the above
Q7. Which of the following is/are an example(s) of financial assets?
(a) National Savings Patra
(b) Krishi Vikas Patra
(c) Indira Vikas Patra
(d) Infrastructure Bonds
(e) All of the above
Q8. The capital market is a market which deals in-
(a) Short – term funds
(b) Long- term funds
(c) Gilt – edged securities
(d) All of the above
(e) None of the above
Q9. How many commercial banks were nationalised on 19 July 1969?
(a) 13
(b) 14
(c) 15
(d) 18
(e) 22
Q10. The rate of interest on Savings Bank Account is stipulated by:
(a) The concerned bank
(b) RBI
(c) Indian Banks Association
(d) Government of India
(e) None of the above
Q11. Many times we read a term CBS used in banking operation. What is the full form of the letter ‘C’ in the term ‘CBS’?
(a) Core
(b) Credit
(c) Continuous
(d) Complete
(e) None of the above
Q12. The National Housing Bank is a subsidiary of-
(a) RBI
(b) NABARD
(c) IDBI
(d) SEBI
(e) SIDBI
Q13. What is the full form of “NDTL”?
(a) Net Demand and Term Liabilities
(b) Net Demand and Time Liabilities
(c) New Demand and Term Liabilities
(d) Net Demand and Term Liquidities
(e) None of the above
Q14. Treasury bills or T-bills, which are money market instruments, are short-term debt instruments issued by
(a) Reserve Bank of India
(b) Individual Banks
(c) Government of India
(d) IRDA
(e) Corporate & Financial Institutions
Q15. What is the correct expansion of the term MUDRA?
(a) Micro Undertakings Development and Refinance Authority
(b) Micro Units Development and Refinance Agency
(c) Micro Undertakings Development and Restructuring Agency
(d) Mini Units Development and Restructuring Authority
(e) None of the above
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