Thursday, July 28, 2016

Banking & Financial Awareness Quiz for SBI PO 2016 - Set 4

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

1. What is ‘Special Crossing’?
1) Not Negotiable words in two parallel lines
2) Account Payee words in two parallel lines
3) & Co. words in two parallel lines
4) Any bank’s name with or without two parallel lines and payable to collecting banker only.
5) None of these

2. What is the rate of penalty applicable for payment of term deposit Pre maturely to legal heirs of a decreased customer on the request of the legal heirs?
1) 1% less than applicable rate for the period of deposit
2) 1% less than the rate mentioned in the receipt
3) No penalty is to be applied
4) As per discretion of Branch Manager
5) None of these

3. A person introducing an account to a bank is liable for_________
1) Establishing proper identity of the account holder only and no financial accountability in case of any fraud etc.
2) Making good the loss that the account holder may cause
3) Ensuring that the customer maintains the account properly
4) Tracing the account holder as an when bank desires
5) None of these

4. Which of the following does not find mention in the Negotiable Instrument Act?
1) General Crossing
2) Special Crossing
3) Not Negotiable Crossing
4) Double crossing
5) Account Payee Crossing

5. The Financial Results of the banks and other organisations normally are expressed in quarters. What does Q-I mean?
1) Results of January-March
2) Performance during April- June
3) The period when the profits are highest
4) Period where the turnover is more
5) The period when the profits are highest


6. Who is the regulator of payment and settlement system in India?
3) RBI
4) Central Government
5) None of these

7. The Gilt-Edged security market is the market for which of the following?
1) Market for trading in gold
2) Market for trading in sliver
3) Market for government securities
4) Market for industrial securities
5) All the above

8. Systematic investment Plans relates to:
1) Mutual Funds
2) Life Insurance Companies
3) Commercial Banks
4) Post office Savings Schemes
5) None

9. Net Working Capital means:
1) Current Assets only
2) Current Assets minus Current Liabilities
3) Capital plus Reserves minus Intangible Assets
4) Current Assets minus Stocks
5) None of these

10. Largest shareholder (in percentage shareholding) of a nationalized bank is?
1) RBI
3) LIC
4) Govt of India
5) Both Union and State Government of India


Team ExamPundit

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