SBI Clerk

Banking Awareness for IBPS / SBI Clerks

1. Which of the following are virtually off shoots of the RBI?
a) Industrial Development Bank of India (IDBI)
b) National Bank for Agriculture and Rural Development (NABARD)
c) National Housing Bank (NHB)
d) Unit Trust of India (UTD
e) All the above

2. In Cheque Transaction System, the ‘drawee bank’ means what?
a) The dealing branch bank accredited to a Ministry / Department on which the cheques are drawn.
b) branch of any bank where the cheques are presented for payment by the clients
d) None
e) RBI
3. DICGC insure all bank deposit, such as saving, fixed, current, recurring, etc. except the following types of deposits
a) Deposits of foreign governments
b) Deposits of Central State Governments
c) Inter-bank deposits
d) Deposits of State Land Development Banks
e) All the above

4. What are the advantages of Core Banking Solutions (CBS)?
a) Entire bank will operate as one unit (Single General Ledger).
b) Customer can have, more convenient, easier and anywhere banking
c) It provides economical way for MIS, instant information availability for decision support
d) It facilitates other services such as ATM, Internet Banking, Mobile Banking,Payment Gateways, Referral Business, etc.
e) All the above
5. Financial Sector Legislative Reforms Commission (FSLRC) was established in which year?
a) 2006
b) 2011 
c) 1991
d) 2004
e) 2014
6. There is a new generation of young people, known as ‘millennials’. What are their characteristics?
a) They have different expectations and their ways of interacting with banks are also different
b) They prefer not to come to banks for banking services. Rather they would prefer to avail the services through online and social media based platforms.
c) They are using social media not just to connect and communicate among them selves, but also connect and communicate with banks.
d) Even to complain, they prefer online and social media and they do not have traditional customer loyalties
e) All the above
7. A plethora of technological products and services have emerged. They have a huge customer following and are entering into the financial sector, bringing new sources of competition. They have helped emergence of FinTech companies who offer lower cost services for traditional services, such as e-payments and online trading. Social media companies such as Facebook, Twitter and Google. What are they?
a) World Wide Web
b) mobile phones
c) Apps
d) All the above
e) None

8. A customer wishes to purchase some US dollars in India. He / she should go to?
a) Public Debt Division of RBI only
b) RBI or any branch of a bank which is authorized for such business
c) Thomas Cook
d) Citi Bank
e) None
9. The government of India recently decided to allow Currency Futures in India. In addition to Ministry of Finance which is/are the other organisation(s) who permission/approval is needed for such operations in India?
b) RBI and SEBI
c) WB
d) IMF
e) ADB
10. On the basis of the recommendations of the Hilton Young Commission, which bank was set up?
a) Reserve Bank of India
b) Hindustan Bank
c) Allahabad Bank
d) Imperial Bank of India
e) None of these
11. DICGC extended its guarantee support to which of the following?
a) credit granted to small scale industries also (w.e.f 14.1981), after the cancellation of the Government of India’s credit guarantee scheme.
b) guarantee cover was extended to the entire priority sector advances, as per the definition of the Reserve Bank of India (w.e.f 1.4.1989)
c) All housing loans (up to 31.3.1995)
d) All the above
e) None of these
12. Who is the new Governor of RBI?
a) Uriit Patel
b) Subir Gokam
c) Usha Thorat
d) SS Mundra
e) None
13. Which of the following products of a bank is specifically designed to provide financial help to children in their higher studies in India or in a foreign nation?
a) corporate loan
b) personal loan
c) Mortgage loan
d) Educational loan
e) None of these
14. In a company the use of price sensitive corporate information by the Company people to make gains or cover losses is known as?
a) Futures trading
b) Foreign trading
c) Stock trading
d) Insider trading
e) None of these
15. The three tier Short Term Cooperative Credit Structure (STCCS) in India consists of which of the following?
a) more than 90,000 Primary Agricultural Credit Societies (PACS),
b) 367 District Central Cooperative Banks (DCCBs)
c) about 33 State Cooperative Banks (StCBs)
d) All the above
e) None of these

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