Banking Awareness Quiz for SBI PO |

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.

Banking-and-Financial-Awareness-for-SBI-PO

Q1. Many times, we read about Future Trading in newspaper. What is Future Trading ?

1. It is nothing but a trade between any two stock exchanges where in it is decided to purchase the stocks of each other on a fixed price throughout the year.

2. It is an agreement between two parties to buy and sell an underlying asset in the future at a predetermined price

3. It is agreement between stock exchange that they will not trade the stocks of each other under any circumstances in future or for a given period of time

(a) Only 1

(b) Only 2

(d) All of these

(e) None of the given options is true

Q2. Where is the headquarters of the RBI local boards for four regional areas of the country?

(a) Pune, Kolkata, Bangalore, and New Delhi

(b) Mumbai, Kolkata, Hyderabad, and New Delhi

(d) Pune, Kolkata, Hyderabad, and New Delhi

(e) None of the given options is true

Q3. On July 6, 2005, a new department, named _______________ in Reserve Bank of India was constituted for surveillance on financial markets.

(a) Financial share Market Department

(b) Financial Market Department

(d) Financial Trade Market Department

(e) None of the given options is true

Q4. When was the Small Industrial Development Bank of India established?

(a) 2 January 1990

(b) 2 December 1982

(d) 2 December 1990

(e) 2 April 1990

Q5. Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) is established by Reserve Bank of India in which year?

(a) 1988

(b) 1992

(d) 1995

(e) 1998

Q6. Which denomination note was the first paper currency issued by RBI in January 1938?

(a) Rs. 2

(b) Rs. 5

(d) Rs. 100

(e) Rs. 1000

Q7. One of the major emphasis of Basel II is that banks should have:

(a) adequate Capital adequacy Ratio

(b) Only few branches in urban centers

(d) core banking mode of operations

(e) None of the given options is true

Q8. NABARD was established on the recommendations of which Committee and it is established on which date?

(a) Tandon Committee and 19 July 1980

(b) Rangrajan Committee and 28 July 1985

(d) Sivaraman Committee and 19 July 1991

(e) Rangrajan Committee and 12 July 2001

Q9. What is the maximum amount per depositor insured by DICGC?

(a) 2 lakh

(b) 5 lakhs

(d) 1 lakhs

(e) None of the given options is true

Q10. The bank rate means:

(a) Rate of interest charged by commercial banks from borrowers

(b) Rate of interest at which commercial banks discounted bills of their borrowers

(d) Rate at which RBI purchases or rediscounts bills of exchange of commercial banks

(e) None of the given options is true

Q11. New Bank of India was merged with which bank?

(a) Bank of Baroda

(b) PNB

(d) SBI

(e) None of the given options is true

Q12. Export–Import Bank of India is the premier export finance institution in India, comes under which act?

(a) RBI Regulation act 1934

(b) Export-Import Bank of India Act 1981

(d) Banking act of 1935

(e) None of the given options is true

Q13. EXIM bank was established in which year?

(a) 1978

(b) 1982

(d) 1972

(e) 1992

Q14. Who was the only governor, never to sign on currency?

(a) C.D.Deshmukh

(b) James Braid Taylor

(d) Manmohan Singh

(e) None of the given options is true

Q15. Very often we read about special Economic Zones (SEZs) in newspapers. what was the purpose of promoting SEZs in India?

1. They are established to promote exports.

2. They are established to attract investment from foreign countries

3. They are established to help poorest of the poors in India as the activities of these zones are reserved only for poors and those living below poverty line

(a) Only 1

(b) Only 2

(d) Both 1 and 2 only

(e) None of the given options is true