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.
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 given options is true
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 given options is true
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 given options is true
Q4. Life Insurance Corporation (LIC) was came into existence in_______
(a) 1955
(b) 1956
(c) 1957
(d) 1961
(e) 1982
Q5. Headquarter of IRDA is located in-
(a) Hyderabad
(b) New Delhi
(c) Mumbai
(d) Kolkata
(e) Chennai
Q6. Fiscal Policy is composed of several parts which include:
(a) Tax Policy and Expenditure Policy
(b) Investment or Disinvestment Strategies
(c) Debt or Surplus Management
(d) All of the Above
(e) None of the given options is true
Q7. A ____ is a document from a bank guaranteeing that a seller will receive payment in full as long as certain delivery conditions have been met.
(a) Agreement
(b) Letter of Credit
(c) Bill Paper
(d) All of The Above
(e) None of the given options is true
Q8. Rural Infrastructure Development fund (RIDF) is financed by
(a) Selected group of public Sector Banks
(b) Ministry of Rural Development
(c) Reserve Bank of India
(d) NABARD
(e) None of the given options is true
Q9. The bank conducts Government business as an agent of
(a) Union and state Government
(b) Reserve Bank of India
(c) State Bank of India
(d) SIDBI
(e) None of the given options is true
Q10. Many times we see in newspapers that some projects are launched by the government authorities on ‘PPP’ basis. What is the full form of PPP?
(a) Preferential Payment Plan
(b) Public-Private Partnership
(c) Partial Payment Project
(d) Popular Private Project
(e) None of the given options is true
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 given options is true
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 given options is true
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 given options is true
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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