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 merchant banking activities in India are governed by which of the following bodies:
(a) SEBI
(b) IRDA
(c) RBI
(d) NABARD
(E) TRAI
Q2. RBI was established in-
(a) 01st April 1935
(b) 05th April 1934
(c) 05th May 1935
(d) 01st January 1949
(e) 01st July 1955
Q3. State Bank of India comes into existence in the year-
(a) 1947
(b) 1955
(c) 1959
(d) 1969
(e) 1921
Q4. “Hum Hai Na” is slogan of which bank-
(a) ICICI Bank
(b) Punjab National Bank
(c) Vijaya Bank
(d) Allahabad Bank
(e) Axis Bank
Q5. World Bank was established in the year-
(a) 1955
(b) 1942
(c) 1944
(d) 1988
(e) 1914
Q6. Headquarters of World Bank is located at-
(a) London
(b) Washington D.C.
(c) Geneva
(d) Paris
(e) Nairobi
Q7. Jim Yong Kim is the 12th president of-
(a) World Bank Group
(b) International Monetary Fund (IMF)
(c) World Trade Organization (WTO)
(d) United Nations (UN)
(e) Asian Development Bank (ADB)
Q8. “Overdrafts” covered under which function-
(a) Accepting Deposits
(b) Advancing of Loans
(c) Assets
(d) All of the above
(e) None of the above
Q9. For the overdraft facility, the customer has to pay?
(a) Interest
(b) Commission
(c) Normal Charges
(d) EMI
(e) None of the above
Q10. SIDBI stands for-
(a) Specially Industries Development Bank of India
(b) Sound Industries Development Bank of India
(c) Small Industries Development Bank of India
(d) Small International Development Bank of India
(e) None of the above
Q11. NHB, a wholly owned subsidiary of Reserve Bank of India, was set up in 1988. NHB stands for-
(a) Hyderabad Bank for Nation
(b) National Housing Bank
(c) Non-Housing Bank in India
(d) National Housing Branch
(e) None of the above
Q12. The share of NDTL which Bank maintains in cash with RBI is termed as?
(a) CRR
(b) SLR
(c) MSF
(d) SDR
(e) None of the above
Q13. The account that allows you to buy, sell as well as transact without the need of any paperwork is-
(a) Simple Account
(b) Demat Account
(c) Current Account
(d) Saving Account
(e) None of the above
Q14. Increase in the general level of prices for goods and services are known as-
(a) Deflation
(b) Inflation
(c) Normal Price Increment
(d) All of the above
(e) None of the above
Q15. Scheduled Commercial Banks got license under-
(a) Banking Regulation Act, 1949
(b) Banking Regulation Act, 1952
(c) Banking Regulation Act, 1955
(d) Banking Regulation Act, 1935
(e) None of the above
All the best for your future aspirations.Stay committed!!!
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