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. Financial literacy is a serious issue for RBI, because?
(a) It would enable better understanding of banking business
(b) With better understanding, more and more people would utilize the banking services
(c) It would mean banks can do more business
(d) It would mean the maximum number of people
(e) None of the given options is true
Q2. RBI has replaced BPLR regime by Base Rate regime w.e.f?
(a) July 1, 2010
(b) July 5, 2010
(c) July 11, 2010
(d) July 15, 2010
(e) None of the given options is true
Q3. Many times, we read about Special Drawing Right (SDR) in newspapers. As per in definition, SDR is a monetary unit of the reserve assets of which of the following organisations/agencies?
(a) World Bank
(b) International Monetary Fund (IMF)
(c) Reserve Bank of India (RBI)
(d) Organization of the Petroleum Exporting Countries (OPEC)
(e) None of the given options is true
Q4. Reserve Bank of India is-
(a) an extension wing of Ministry of Finance, Government of India
(b) India’s central banking institution, which controls the monetary policy of the Indian rupee
(c) an Institution owned by Indian Bank’s Association
(d) a private sector company
(e) None of the given options is true
Q5. The term ‘Ways and Means’ advances refer to-
(a) The temporary advance made to the government by its Bankers to bridge the interval between expenditure and the flow of receipt of revenues
(b) the advance given by the Banks to the poorest of the society
(c) lending made under PMRY scheme
(d) All of the above
(e) None of the given options is true
Q6. As per the guidelines issued by the RBI, banks are preparing for a service which will allow customers to withdraw up to Rs.1,000 using their debit cards from notified shoes/stores all over the country. All such shops/stores will have ‘POS’ terminals for the same. What is full form of the ‘POS’?
(a) Payment on Sale
(b) Power of Sale
(c) Point of Sale
(d) Payment Order Service
(e) None of the given options is true
Q7. Which of the following is considered as the financial capital of India?
(a) New Delhi
(b) Kolkata
(c) Ahmedabad
(d) Mumbai
(e) None of the given options is true
Q8. One of the major emphasis of Basel II is that banks should have?
(a) Adequate Capital Adequacy Ratio
(b) Only few-braches in urban centres
(c) More and more branches in rural areas
(d) Core banking mode of operation
(e) None of the given options is true
Q9. MUDRA Bank as a wholly owned subsidiary of which institutions-
(a) Non-Banking Financial Companies (NBFCs)
(b) Commercial Banks
(c) Micro Finance Institutions (MFIs)
(d) Small Industries Development Bank of India (SIDBI)
(e) None of the given options is true
Q10. What amount of corpus is allocated to set up MUDRA Bank?
(a) Rs. 20,000 crore
(b) Rs. 25,000 crore
(c) Rs. 3,000 crore
(d) Rs. 3,500 crore
(e) None of the given options is true
Q11. Currently, which of the following combination has female CMDs or heads?
(a) HDFC, ICICI, Axis Bank
(b) ICICI, Axis Bank, Kotak Mahindra Bank
(c) Yes Bank, Kotak Mahindra Bank, SBI
(d) SBI, ICICI, Axis Bank
(e) None of the given options is true
Q12. Which two private sector banks have got the license from RBI in 2014?
(a) Bandhan and Yes Bank
(b) Yes Bank and IDFC
(c) IDFC Bank and Bandhan Bank
(d) Axis Bank and ICICI
(e) None of the given options is true
Q13. Who is conferred with the Central Banker of the Year Award (Global and Asia Pacific) for 2016 by The Banker, the Financial Times Group’s monthly publication?
(a) Janet Yellen
(b) Raghuram Rajan
(c) Graeme Wheeler
(d) Mario Draghi
(e) None of the given options is true
Q14. Which bank first introduced Automated Teller Machine (ATM) in India (1987)?
(a) SBI
(b) Punjab National Bank
(c) Federal Bank
(d) HSBC
(e) None of the given options is true
Q15. Bank of Rajasthan was merged with which private sector bank?
(a) ICICI Bank
(b) Axis Bank
(c) HDFC Bank
(d) Kotak Mahindra Bank
(e) None of the given options is true
All the best for your future aspirations.Stay committed!!!
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