SBI Clerk

What is Cherry Picking – Banking Awareness Model Questions

1. As per RBI guidelines, banks need to register the charge over the property with CERSAI within _____ days from the date of creation of charge.
a) 15 days
b) 30 days
c) 60 days
d) 90 days
e) None

2. Revenue expenditure minus Revenue Income excluding Borrowings is called:
a) Revenue deficit
b) Fiscal deficit
c) Govt. deficit
d) Budgetary deficit
e) None of the above

3. Which of the following documents do not attract stamp duty?
a) Promissory Note
b) Mandate
c) Power of Attorney
d) Form-A
e) None

4. Cherry Picking means:
a) Loans for cherry picking
b) Investment in Shares of selected Blue chip Companies
c) Investment in Mutual Fund only
d) Purchase of select NPAs from ARCIL
e) None of the above

5. Greenfield projects refer to:
a) Forestry
b) Irrigation
c) Agriculture
d) Projects starting from a scratch
e) Floriculture

6. RBI injects liquidity through:
a) Increase Bank Rate
b) Reduction of Repo Rate
c) Reduction of Reverse Repo
d) Increase CRR
e) Increase SLR

7. The RBI recently clarified that currency notes with certain scribbles are legal tender and if any bank branch refuses to exchange soiled notes, the bank will have to pay a penalty of:
a) Rs. 2,000
b) Rs. 5,000
c) Rs. 10,000
d) Rs. 20,000
e) Rs. 25,000

8. Call money market interest rates are linked to:
a) Bank Rate
b) Repo Rate
c) Reverse Repo Rate
d) Market forces
e) None

9. What is the guaranteed interest payable for 10 years depending upon the investment made, under Pradhan Mantri Vaya Vandana Yojana (PMVVY) scheme, meant for senior citizens?
a) 6%
b) 7%
c) 8%
d) 9%
e) 10%

10. Which of the following banks is the first bank to offer RuPaykisan Card’ with ‘Aadhaar’ authentication?
a) Andhra Bank
b) Oriental Bank of Commerce
c) Central Bank of India
d) Dena Bank
e) Vijaya Bank

11. If the Fixed Deposit is maturing on Sunday, It shall be deemed to be payable on:
a) Monday
b) Immediate succeeding working day
c) Preceding Day i.e. Saturday
d) a & b
e) None of the above

12. A Demand Draft is issued by the banks is valid for:
a) 12 months
b) 6 months
c) 3 months
d) 2 months
e) Can be paid at any time

13. The second life insurer in India recently went for IPO is:
a) SBI Life
b) Bajaj Allianz Life Insurance
c) Birla Sun Life Insurance Company Limited
d) Exide Life Insurance
e) HDFC Standard Life Insurance

14. Transaction Password relates to:
a) Core Banking
b) ATM operations
c) Internet Banking
d) Tele Banking
e) None

15. What does CRISIL stands for?
a) Credit Rating and Industrial Services of India Limited
b) Cash Rating and Industrial Services of India Limited
c) Credit Rating and Information Services of India Limited
d) Currency Rating and Investment Services of India Limited
e) Credit Rating and Investment Securities of India Limited

16. A person appointed by the court to look after the properties of the insolvent person is called:
a) Administrator
b) Liquidator
c) Assignee
d) Attorney
e) None of the above

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