SBI Clerk

Banking Awareness Quiz 2016

1. Which of the following is / are the major reforms the Govt. has introduced in the banking sector ?
A. Dismantling the complex system of interest rate controls
B. Eliminating prior approval of the RBI for large loans
C. Introduction of capital adequacy norms and a few other prudential norms
1) Only A
2) Only B
3) All of these
4) None of these

2. Govt. of India these days is very keen about the credit to the rural people, Which of the following is the product launched by the banks to provide loan / credit to the farmers quickly ?
1) Kisan Vikas Patra
2) Indira Vikas Patra
3) Kisan Credit Card
4) National Savings Scheme
5) All of these

3. Which of the following statements is / are true ?
1) SEBI was established in 1988
2) It was made a fully autonomous body in 1992
3) It regulates the securities market and protect the interests of investors in securities
4) All of these
5) None of these

4. Which of the following banks is limited to the needs of agriculture and rural finance ?
1) RBI
2) SBI
3) IFC
4) NABARD
5) Axis Bank

5. Which of the following is the Regulator of the credit rating agencies of India ?
1) RBI
2) SBI
3) SIDBI
4) SEBI
5) None of these

6. Which of the following terms is NOT associated with banking operations ?
1) Repo Rate
2) Prime Lending Rate
3) Equator
4) Corporate Finance
5) Cash Reserve Ratio

7. Total Agricultural advances must be …… percent of Net Bank Credit (NBC) for domestic banks ?
1) 24
2) 60
3) 15
4) 32
5) 18

8. Which of the following is one of the most successful programmed under Bharat Nirman?
1) Pradhan Mantri Gram SadakYojana
2) Watershed Development Scheme
3) Rajiv Gandhi Grameen Vidyutikaran Yojana
4) Indira Awas Yojana
5) None of these

9. Which of the following Acts was framed specially to deal more effectively with the problem of Non performing assets in Banking System ?
1) SARFAESI Act
2) Banking Regulation Act
3) Foreign Exchange Management Act
4) Industrial Disputes Act
5) None of these

17. Wages to workers of which of the following is now revised and are based on the Consumer Price Index (CPI) ?
1) MGNREGA
2) Anganwadi Workers
3) Teachers Involved in operational ‘Black Board’
4) Health workers in rural areas
5) None of these

18. The first Credit Card was issued in India by VISA in the year ?
1) 1994
2) 1991
3) 2001
4) 1986
5) 1981

19. If RBI adopts an expansionist open market operations policy, this means that it will?
1) Offer commercial banks more credit in open market
2) Sell securities in the open market
3) Openly announce to the market that it intends to expand credit
4) buy securities from nongovernment holders
5) None of these

20. Certificate of Deposit can be issued by?
1) Reserve Bank, NABARD and Exim Bank only
2) Commercial banks and term lending institutions
3) Scheduled commercial banks excluding regional rural banks
4) All the above
5) None of the above

21. Commercial paper may be issued for a period of ?
1) 90 days
2) 91 to 180 days
3) 7 days to one year
4) All the above
5) None of the above

22. Demand deposits mean?
1) Deposits withdrawable on demand by the depositor
2) Current deposits
3) Fixed deposits
4) Short deposits
5) None of the above

23. Time deposits means?
1) The deposits which are lent to bank for a fixed period
2) Time deposits include overdue fixed deposits
3) Time deposits do not include recurring deposits as well
4) Time deposits do not include deposits under Home Loan Account Scheme
(5) None of the above

24. NBFC is prohibited to offer or undertake?
1) accept demand deposits
2) accept time deposits
3) Lend long term loans
4) Pay a higher rate of interest on deposits as compared to Banks
5) None of the Above

25. The minimum acceptable amount under the Scheme of Certificate of Deposit is ?
1) Rs. 1 lakhs
2) Rs. 10 lakhs
3) Rs. 20 lakhs
4) Rs. 25 lakhs
5) None of the above

34. Indian Financial Network [INFINET] is the?
1) communication backbone for the Indian Banking and Financial sector
2) association of the employers of the banking and financial sector
3) closed user group network of SBI and its subsidiaries
4) all of the above
5) None of the above

35. To restrict expansion of credit, the Reserve Bank?
1) raises the bank rate
2) reduces the bank rate
3) freezes the bank rate
4) none of these
5)all of these.

36. The following are main objectives of the SEBI?
1) to protect interest of investors
2) to promote the development of security market
3) to regulate the security market
4) all of the above
5) none of the above .

37. When it comes to the following term namely- IPO, what do you mean by “P”?
1) Provisions
2) Public
3) Private
4) Prudent
5) Pension

38. When it comes to scheduled commercial banks, which out of the following is not true?
1) Nationalised banks
2) Regional Rural banks
3) Foreign banks
4) Private sector banks
5) Local area banks

39. Which amongst the following is called as mother of deposits?
1) Current account
2) fixed deposit
3) recurring deposit
4) savings bank
5) reinvestment deposit

40. Reserve Bank of India was established on 1st April, ….. in accordance with the provisions of Reserve Bank of India act?
1) 1935 – 1934
2) 1934-1935
3) 1935-1936
4) 1937-1938
5) all the above

41. The Kisan Credit Card Scheme is being implemented by all?
1) Public Sector Commercial Banks
2) Regional Rural Banks
3) State Cooperative Banks/DCCBs/PACS nad Scheduled Primary Cooperative Banks
4) All of the above
5) None of the above

42. How Commercial banks can regulate money supply?
1) Printing of one rupee notes
2) Augmentation of savings and time deposits
3) Provision of high denomination notes
4) Creation of demand deposits
5) None of the above

43. Among the given option, which is not a service delivery channel for the Bank services?
1) ATM
2) Extension counters of a Bank
3) Clearing House
4) M-Banking
5) Internet Banking

44. A customer is required to maintain adequate balances in his/her accounts in order to use his ____ card in the merchant establishments?
1) Smart Card
2) Credit Card
3) Add-on Credit card
4) Debit Card
5) None of the above

45. KYC’ (Know Your Customer) norms were implemented in the Indian banking system in 2002 as per the directive of ?
1) SEBI
2) RBI
3) IBA
4) IRDA
5) None of these

46. Life insurance and general insurance companies like LIC, ICICI Prudential, ICICI Lombard, National Insurance etc. are regulated by which organisation?
1) RBI
2) PFRDA
3) IRDA
4) IBA
5) None of these

47. Which of the statements mentioned below is/are correct?
a. T-bills are issued by the Government of India on behalf of the RBI
b. T-bills are short-term money market instruments
c. T-bills cannot be purchased by a resident of India
1) All are correct
2) a & c are correct
3) Only b is correct
4) Only c is correct
5) None of these

48. In India, which among the following is/are a part of Legal Tender Money?
1) Both coins and currency notes
2) Both coins and bank drafts
3) Both currency notes and SDRs
4) Only currency notes issued by RBI
5) None of these

49. One rupee notes and coins are issued by
1) Reserve bank of India
2) RBI
3) SBI on behalf of Government of India
4) Finance Minister of Central government of India
5) None of the above

50. A commercial paper is
1) a paper issued by Reserve Bank of India an trade and commerce
2) an unsecured money market instrument issued in the form of promissory note
3) a document issued by IDBI for seeking refinance facility from Reserve Bank India
4) all of the above
5) none of the above

Banking Awareness Quiz 2016

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