Saturday, July 23, 2016

Banking & Financial Awareness Quiz for SBI PO 2016 - Set 3



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


1. Credit Cards are used for ___________.
(a) Cash withdrawals
(b) Purchase of air tickets
(c) Purchase of consumable items from retail outlets
(d) All of these
(e) None of these



2. In RBI’s Monetary Policies, MSF is one of the Key Components, What does “S” stands for in MSF?
(a) Standing
(b) Statutory
(c) Service
(d) System
(e) Sustainable




3. At present how many Regional Rural Banks (RRBs) are there in the country?
(a) 56
(b) 52
(c) 64
(d) 82
(e) None of these




4. In India, the “Anti Money Laundering KYC Day” is observed on which of following dates?
(a) First Monday of August
(b) First Working Day of August
(c) 12th August
(d) 1st August
(e) None of these




5. Which of the following terms is NOT associated with banking sector?
(a) Corporate finance
(b) Sub-standard assets
(c) Prime Meridian
(d) Syndication
(e) Sub-prime




6. Which of the following institutions is associated with the regulation of finance-related activities in India?
(a) FMC
(b) ICERT
(c) IFFCO
(d) IDBI
(e) None of these





7. What does the letter ‘S’ denote in the term IMPS as used in banking parlance?
(a) Settlement
(b) Service
(d) Supervision
(e) System
(c) Suspension




8. Which of the following Acts enables banks to reduce their non-performing assets (NPAs) by adopting measures for recovery or reconstruction?
(a) RBI Act
(b) Banking Regulation Act
(c) State Bank of India Act
(d) SARFAESI Act
(e) Negotiable Instruments Act




9. In accordance with the Reserve Bank of India (RBI) notification, cheques, drafts, pay orders and banker’s cheques are valid for only _____ from the date of issue.
(a) two months
(b) three months
(c) four months
(d) five months
(e) six months




10. Which of the following is NOT an exclusive product of Banks?
(a) Savings Account
(b) ATM Card
(c) Insurance
(d) Cheque
(e) Personal Loan




11. Which of the following is NOT an example of a commercial bank?
(a) Urban Co-operative Banks
(b) Regional Rural Banks (RRBs)
(c) Private Banks
(d) Foreign Banks
(e) Public Sector Banks




12. Which of the following is NOT a function of banks in India?
(a) Selling gold and silver coins
(b) Providing safe custody of customer’s valuables
(c) Purchase and Sale of Foreign Exchange
(d) Transfer of Funds
(e) None of these




13. What is a ‘pay-in slip’?
(a) Another name of cheque
(b) A slip used for withdrawal
(c) An instrument used for transferring money
(d) A slip used to deposit money/cheque in one’s account
(e) None of these




14. Credit cards are also known as which of the following?
(a) Hard Money
(b) Easy Money
(c) Silver Money
(d) Plastic Money
(e) Elastic Money





15. What is base rate?
(a) Interest rate payable on demand deposits
(b) Interest rate payable on fixed deposits
(c) Interest charged by the RBI from PSBs on advances
(d) Minimum interest rate fixed by banks below which they generally do not lend
(e) None of these









Regards





Team ExamPundit

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