SBI Clerk

General / Banking Awareness Quiz for IBPS / SBI Clerks Exams

General Awareness Quiz for IBPS and SBI Clerks

1.Banks can borrow from RBI’s which window by pledging government securities?
a) Repo window
b) Bank Rate window
c) SLR window
d) CRR window
e) None

2.With which country’s Prudential Regulation Authority (PRA), RBI signed an agreement ?
a) UK
b) USA
c) France
d) Switzerland
e) Japan

3.SBI Life Insurance is a joint venture between SBI and which of the following?
a) AIG
b) BNPParibas Cardif
c) Prudential
d) Aviva
e) Allianz

4.What are the functions of bank Back Office?
a) It verifies and settles the deals
b) It maintains proper record of Book Keeping
c) It submits financial returns of RBI
d) All the above
e) None of these

5.Which  are called as  OVDs?
a) Passport, Driving Licence,
b) Voters’ Identity Card, PAN Card,
c) Aadhaar Card issued by UIDAI
d) NREGAJob Card
e) All the above (OVDs: Officially Valid Documents)

6.”Account Aggregator” is what ?
a) a Non-Banking Financial Company
b) Co-op Bank
c) Land Mortgage Bank
d) Insurance firm
e) None of these

7.Consultation with external Members of the Technical Advisory Committee (TAC) on Monetary Policy was held electronically and they sent their feedback through e-mail. Who are external members?
a)  Dr. Shankar Acharya,.
b) Dr. Arvind Virmani,
c) Prof. Errol D’Souza,-
d) Prof. Ashima Goyal, and Prof. Chetan Ghate
e) All the above

8.Banks have a vital role to play in increasing the coverage under the PMFBY scheme. As the scheme is compulsory for loaner farmers availing Seasonal Agricultural Operational (SAO) Loans/Kisan Credit Card (KCC) holders for the notified crops in notified areas, 100% coverage of loanee farmers in notified areas growing notified crops is required to be done by all concerned bank branches. To whom this scheme is voluntary?
a) MSME Sector
b) This scheme is voluntary for non-loaneefarmers, but there is a prerequisite in the scheme that they should have an account to be eligible for coverage.
c) Large scale industries
d) Micro Industries
e) None of these

9.Which of the following are allowed to setup TReDS (Trade Receivables Discounting System) by RBI?
a) Axis Bank
b) Mynd Solutions
c) NSE Strategic Investment Corporation Ltd and SIDBI
d) All the above
e) None of these
10.Who is the President of World Bank?
a) Jim Yong Kim
b) Christine Lagarde
c) Yukia Amano
d) Ban Ki Moon
e) None of these
11.Who can be called as Financial Sectorregulator”?
a) Reserve Bank of India,
b) Securities and Exchange Board of India,
c) Insurance Regulatory and Development Authority
d) Pension Fund Regulatory and Development Authority
e) All the above

12.Account Aggregator shall ensure which of the following?
a) that the providing of services to a cus-tomer. shall be backed by appropriateagreements/ authorisations between theAccount Aggregator, the customer and the Financial information provider
b) ensure appropriate mechanisms for proper customer identification.
c) provide services to a customer based on the customer’s explicit consent
d) All the above
e) None of these
13.Who is the author of the book “Who changed my interest rate”?
a) Raghuram Rajan
b) D.Subba Rao
c) YVReddy 
d) Bimal Jalan
e) I G Patel
14.Which committee is appointed “onfarmers doubling of income by 2022 “?
a) Ashok Dalwai
b) MS Swaminathan
c) Ratan PWatal
d) SS Mundra
e) None of these
15.”Treasury bills” means what?
a) obligations of the Government of India issued by RBI and payable normally 91days after issue
b) a mode of drawings by the Treasury Officer in RBI
c) salary bills drawn by Government Officers
d) Bills drawn by the Government contractors
e) None of these
16.Can a person  transferhis  existing bankaccount from one place to another?
a) Yes. It is possible to transfer an accountfrom one branch to another branch of thesame bank.
b) if there is a change of address, then theperson  will have to submit a declaration about the current address
c) Both (a) and (b)
d) It is impossible
e) None of these
17.Credit cards  are a part of the ________
a) unsecured credit portfolio of the issuers
b) money purse
c) hand bag
d) wallet
e) None of these
18.Swiss Challenge Method is for which purpose (in financial sector) ?
a) To play tennis
b) for sale of the stressed assets toSCs/RCs/other banks/NBFCs/FIs, etc.
c) To play chess
d) Political victory
e) None of these
19.In the abbreviation RNBCs, the letter R stands for what?
a) Residential
b) Residuary (RNBCs: Residuary Non-Banking Companies)
c) Reader
d) Relief
e) Railway
20.Open Market Operations (OMOs) are conducted by which of the following?
b) RBI
d) Citi Bank
e) None of these

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