Wednesday, June 22, 2016

Banking & Financial Awareness Quiz for SBI PO & Clerk Mains 2016 - Set 1

Hello and welcome to exampundit . Here is a set of Banking & Financial Awareness Quiz for upcoming SBI Clerk Mains & SBI PO Mains 2016.

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1. Many times we read in newspapers that several companies are adopting the FCCBs route to raise capital. What is the full form of FCCBs ?
(1) Foreign Currency Convertible Bonds
(2) Foreign Convertible Credit Bonds
(3) Financial Consortium and Credit Bureau
(4) Future Credit and Currency Biireau
(5) None of the above

2. The Holidays for the Banks are declared as per
(1) Reserve Bank Act
(2) Banking Regulation Act
(3) Negotiable Instruments Act
(4) Securities and Exchange Board of India Act
(5) Companies Act

3. Inflation in India is measured on which of the following indexes/indicators ?
(1) Cost of Living Index (COLI)
(2) Consumer Price Index (CPI)
(3) Gross Domestic Product (GDP)
(4) Wholesale Price Index (WPI)
(5) None of the above

4. Which of the following is a function of the agent bank relating to flow of money in the "process of loan syndication?
(1) Receiving notices relating to cancellation of any part of the loan
(2) Calling of loans in the event of default
(3) Receiving the fee from the borrower and distributing among the participating banks
(4) Receiving notices relating to transfers of banks
(5) None of the above

5. Which of the following is a leading electronic payment technology firm?
(1) Visa
(2) Max
(3) BSE
(4) Sensex
(5) SWAP

6. CRR funds are kept by the Banks in
(1) Cash in hand at branches
(2) Balance with other banks
(3) Balance in a special Account with RBI
(4) Funds in the currency chest
(5) None of the above

7. In the list of nationalized banks, which bank was merged with Punjab National Bank in 1993?
(1) Bank of India
(2) Bank of Baroda
(3) Andhra Bank
(4) New Bank of India
(5) Central Bank of India

8. The Shipping guarantee is a :
(1) Type of a letter of credit
(2) Guarantee issued by the ship  captain to the purchaser
(3] Guarantee issued to the borrower towards the loan granted by the shipping company
(4) Deferred payment guarantee, issued by a banker at the request of the consignee when the documents are not received and goods are received, for facilitating the delivery of goods.
(5] None of the above


9. Who said the nationalization of banks is the ‘masterstroke of political sagacity”?
(1) Indira Gandhi
(2) Raj Narayan
(3] Jayaprakash Narayan
(4) Jawahar Lai Nehru
(5] Atal Bihari Vajpayee

10. Regional Rural Banks have been set up with the basic objectives of :
(1) providing credit to semi urban & urban population
(2) providing deposits facilities to farmers
(3) providing credit and deposit facilities to rural areas
(4) providing credit, deposit and other banking facilities to people in rural areas
(5) None of the above

11. Which of the following is not a financial intermediary in the financial markets?
(1] Pension funds
(2) Credit unions
(3] Life insurance companies
(4) Small scale service institute
(5) None of the above

12. Which of the following is not one of the RBI directives on clean note policy?
(1) Currency note packets are not to be stapled and secured with paper bands
(2) Soiled notes are to be stapled before they are remitted to Currency Chest
(3) Water mark window of bank notes shall not contain any writings
(4) Currency notes are to be sorted in to issuable and non-issuable notes
(5) None of the above

13. When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as :
(1) Term Deposit
(2) Demand Deposit
(3) Bond
(4) Mortgage
(5) Advance

14. Bad debts mean
(1) amounts owed to a company ! that are going to he paid
(2) amounts owed to a company that are not going to be paid
(3) amounts owed to a company that are going to be paid within 2 years
(4) amounts owed to a company that are not going to be paid within 8 years
(5) None of the above

15. In which part of India, many banks are established, which is called the ‘Cradle of Indian Banking System’?
(1) Northern Assam
(2) Southern Tamil Nadu
(3) Eastern Rajasthan
(4] Southern Karnataka
(5) Western Maharashtra


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