BANKING QUIZ -10 FOR SBI CLERK & PO EXAM 2016

BANKING QUIZ -10 FOR SBI CLERK & PO

1. Who among the following is the primary regulator of Banking business?

a) Central Government

b) Reserve Bank of India

c) State Government

d) Parliament

e) a and b both the above

2 .The difference between the outflow and inflow of foreign currency is known as

a. Foreign Exchange Reserves

b. Fiscal Deficit

c. Current Account Deficit

d. Balance of Payments

e. None of these

3. Insurance cover for bank deposits in our country is provided by  ………….

(a) SBI   

(b) DICGC

(c) GIC   

(d) LICI

(e) Govt. of India

4. Loan of very small amounts given to low income groups is called ……….

(a) Cash credit  

(b) No frills loans

(c) Simple overdraft 

(d) Micro credit

(e) Rural credit

5. What is the full form of CDR in financial terms?

(a) Company Debt Rollover

(b) Corporate Debt Rollover

(c) Corporate Debt Restructuring

(d) Corporate Deposit Restructuring

(e) Company Deposit Restructuring

6. Mutual funds are required to be registered with:

a) AMFI

b) NABARD

c) IBA

d) RBI

e) SEBI

7. The full form of BIFR, in the context of the Indian Industry is:

a) Bureau for Investment and Financial Reconstruction

b) Bureau for Industrial and Financial Reconstruction

c) Board for Investment and Financial Reconstruction

d) Board for Industrial and Financial Reconstruction

e) None of these

8. Who regulates the Capital Market of India?

(a) RBI

(b) IRDA

(c) NSE

(d) BSE

(e) SEBI

9. We know that RBI is the apex bank of India. Similarly the apex Bank of the USA is:

(a) Bank of America

(b) The Central Bank of USA

(c) Federal Reserve Bank

(d) Central National Bank of USA

10 .Full form of ‘CEPI’ ?

(a) Centre for Environmental Pollution and Industries

(b) Comprehensive Environmental Pollution Index

(c) Centre for Environmental Pollution in India

(d) Council of Environmental Pollution of India

(e) None of these

ANSWER

1.B, 2.C, 3.B, 4.D, 5.C, 6.E, 7.D, 8.E, 9.C, 10.D,

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BANKING QUIZ -9 FOR SBI CLERK & PO EXAM 2016

BANKING QUIZ -9 FOR SBI CLERK & PO

1. Head office of BIS is situated at:

a) Geneva, Switzerland

b) Amsterdam, Netherlands

c) Basel, Switzerland

d) Paris, Italy

2. The Headquarter of Allahabad Bank is situated at:

a) Kolkata, West Bengal

b) Allahabad, Uttar Pradesh

c) New Delhi

d) Mumbai, Maharastra

3. Earlier the name of AXIS Bank  was_______

a) Hind Bank Limited

b) UTI Bank Limited

c) United India Bank Limited

d) Invgy  Pvt Ltd

4. The Headquarter of IRDAI is sitiuated at:

a) Mumbai

b) New Delhi

c) Hyderabad

d) Kolkata

5. The Full form of GATT:

a) General Agreement on Tariffs, Tradition and Trade

b) General Agreement on Tariffs and Trade

c) General Agreement on Tradition and Trade

 d) None of The Above

6. The full  form of NPCI is _______

a) National Commission for Payment Information

b) National Payment Corporation of India

c) National Payment Collaboration of India

d) National Payment Commission of India

7. Banking Ombudsman is appointed for:

a) Handling and redress banks complaints against customers' behavior

b) Providing decision on important banking operations like - CRR, SLR and MSF etc.

c) Handling and redress customer complaints against deficiency in certain banking

services

d) None of The Above

8. Prior to the establishment of the Reserve Bank of India, the Government banking business was conduct by?

a. Federal Bank Of India

b. Central Bank of India

 c. Imperial Bank of India

 d. Apex Bank of India

9.In which of the following organization estimates the” National Income of India” ?

a. Central Estimates Survey Committee

b. Reserve Bank Of India

c. Finance Ministry

d. Central Statistical Organization

10. 'Smart Money' is a term used for?

a. Credit card

b. Internal banking

c. Mobile Banking

d. Cash with public

ANSWER

1.C,2.A,3.B,4.C,5.B,6.B,7.C,8.C,9.D,10.A,

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BANKING QUIZ - 8 FOR SBI CLERK & PO

BANKING QUIZ - 8 FOR SBI CLERK & PO

1. To solve the problems of Balance of Payments of member countries is function of:

a) World Bank

b) GATT

c) IMF

d) None of these

2. Full Form of IMF is _____

a) Indian Mutual Fund

b) International Monetary Fund

c) International Money Fund

d) None of these

3. IRDA stands for:

a) Insurance Regulatory and Development Authority

b) International Reconstruction and Development Association

c) Indian Road Development Agency

d) None of these

4. The merchant banking activities in India are governed by which of the following bodies:

a) RBI

b) IRDA

c) SEBI

d) None of these

5.Headquarter of World Bank is located at:

a) London

b) Switzerland

c) Geneva

d) Washington D.C.

6.NDTL stnads for:

a) Non Demat Terrific Liabilities

b) Net Demand and Time Liabilities

c) National Demand for True Liabilities

d) None of these

7. Full  form of “KYC”?

a) Know Your Customer

b) Know Your Cheque

c) Keep Your Cash

d) None of these

8. When the purchasing power of money decreases then rate of Inflation:

a) Decreases

b) Increases

c) May be Increase/Decrease

d) None of these

9. Full form of DICGC:

a) Limited Deposit in International Credit Guarantee Corporation of India Limited

b) Document of Insurance and Credit Guarantee Corporation of India

c) Deposit Insurance and Credit Guarantee Corporation of India

d) None of these

10. BIS stands for:

a) Bank for International Settlements

b) Bank for International Standardization

c) Bank Information Settlements

d) None of The Above

ANSWER

1.C, 2.B, 3.A, 4.C, 5.D, 6.B, 7.A, 8.B, 9.C, 10.A,

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BANKING QUIZ-6 FOR SBI CLERK & PO Exam 2016

BANKING  QUIZ - 6  FOR  SBI  CLERK  &  PO

1. DAX is the stock exchange of _______?

(a) USA

(b) Japan

(c) Germany

(d) Maxico

(e) None of the Above

2. Increase in deposit rate results in ________?

(a) Increase in savings

(b) Lower investments

(c) Increase in bank branches

(d) Lower savings

(e) None of the Above

3. Rise in inflation rate leads to decline in ______?

(a) Interest rate

(b) Raise in the deposits in the banks

(c) Raise  in Gross  domestic  product

(d) Raise the credit growth by banks

(e) Decrease the real interest rate

4. The different names of Reserve Bank of India are_______?

(a) Central bank

(b) Banker’s bank

(c) Lender of the last resort

(d) Apex bank

(e) All of the above

5. When a cheque is drawn on a bank, the bank is called the _______?

(a) Drawer

(b) payee

(c) Drawee

(d) Endorsee

(e) None of the above

6. The phenomenon of a continuous decrease in prices of goods and services in the economy is, known as _______?

(a) Inflation

(b) Market crash

(c) Stagflation

(d) Deflation

(e) None of the Above

7. Cheque truncation means:

a) Tearing a cheque into two or more pieces

b) using the electronic image of a cheque

c) sending the photostat copy of a cheque in collection

d) keeping the Photostat copy of a cheque with collecting bank before sending the original cheque to the     drawee branch

e) none of the above

8. The stock exchange pertaining to BSE is sensex  and in the case of Tokyo in Japan

a) Simix;

b) Nikkei;

c) Mibtel;

d) Bovasta;

e) none of the above

9.  What do you mean by the term called as “DRT”, when it comes to recovery of bank dues?

a) Debt recovery tariff

b) Debtor recovery tribunal

c) Debt reminder tribunal

d) Debt Recovery Tribunal 

e) Delhi Road transport

10. Which of the following has introduced “Banking Ombudsman” in our country?

a) Central  government of India

b) Indian Bank’s association

c) National Institute of Bank Management

d) Indian Institute of Banking and Finance

e) Reserve Bank  of India

11. In the term “CIBIL’, what do you mean by “B”?

a)  Bureau

b) Bank

c) Borrowe

d) Bench

e) Branch

ANSWER

1.C, 2.A, 3.E, 4.E, 5.C, 6.D, 7.B, 8.B, 9.D, 10.E, 11.A,

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BANKING QUIZ - 5 FOR SBI CLERK & PO

BANKING  QUIZ - 5  FOR  SBI  CLERK  &  PO

1. Demand deposits mean _____?

(a) Short Deposits

(b) Current deposits 

(c) Fixed deposits  

(d) Deposits with drawable on demand by the depositor

(e) None of the above 

2. Demand draft is a

(a)  Negotiable instrument

(b) Not transferable instrument

(c) Not negotiable instrument

(d) Quasi-negotiable instrument

(e) None of the above

3. When it comes to the following term namely- IPO, what do you mean by “P”?

a) Provisions

b) Private

c) Public

d) Prudent

e) Pension

4.  What do you mean by money laundering?

a) Washing the currency notes in a good laundery

b) Keeping the money in currency

c) Converting money obtained through illegal sources into legal money

d) Sending excess cash to the other branch

e) None of the above

5. Full  form of “HNI”?

 (a) Highly Networth Individual

(b) High Negative Individual

(c) High Networked Individual 

(d) High Nuisance Individual

(e) None of the Above

6. Bill of Exchange, Promissory Notes and Cheques are defined as

(a) Stamped Instruments

(b) Trust Receipts

(c) Documents of Title to goods

(d) None of the above

(e) Negotiable Instruments

7. The one-rupee note bears the signature of ____________.

(a) Finance Secretary

(b) Deputy Governor

(c) RBI Governor

(c) Finance Minister

(e) None of these

8. RTGS stands for

(a) Real time Gross system

(b) Real type General scheme

(c) Real Type gross settlement system

(d) Real Time Gross Settlement 

(e) None of these

9. Which among the following does the RBI not decide?

(a) CAR

(b) CRR

(c) Bank Rate

(d) Base Rate

(e) None of these

10. Which among the following is an instrument of monetary policy used by the RBI?

(a) CRR

(b) PLR

(c) Base Rate

(d) BPLR

(e) None of these

ANSWER

1.D,2.A,3.C,4.C,5.A,6.E,7.A,8.D,9.D,10.D,

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BANKING QUIZ -4 FOR SBI CLERK & PO

BANKING  QUIZ -4  FOR  SBI  CLERK  &  PO

1.Gross domestic capital formation is defined as

A. flow of expenditure devoted to increased or maintaining of the capital stock

B. expenditure incurred on physical assets only

C. production exceeding demand

D. net addition to stock after depreciation

2.What is full form of SLR in banking term:

A. Statutory liquidity rate

B. Statutory liquidity ratio

C. Statutory liquid rate

D. Stagnent liquidity ratio

           

3.Deficit financing means that the government borrows money from the:

A.RBI

B. local bodies

C .big businessmen

D .IMF

4.The banks are required to maintain a certain ratio between their cash in the hand and totals assets. This is called

A. Statutory Bank Ratio (SBR)

B. Statutory Liquid Ratio (SLR)

C .Central Bank Reserve (CBR)

D .Central Liquid Reserve (CLR)

5.In India, inflation measured by the

A .Wholesale Price Index number

B. Consumers Price Index for urban non-manual workers

C. Consumers Price Index for agricultural workers

D. National Income Deflation

                       

6.In India, which one among the following formulates the fiscal policy?

A. Planning Commission

B. Ministry of Finance

C. Finance Commission

D. The Reserve Bank of India

           

7.Devaluation of currency leads to

A. fall in domestic prices

B. i ncrease in domestic prices

C. no impact on domestic prices

D. erratic fluctuations in domestic prices

8.When State Bank of India was established ?

A. 1st April 1935

B. 1st July1935

C. 1st July 1965

D. 1st July 1955

9. "CRAR" stands for?

(A) Currency to risk weighted assets ratio          

(B) Capital to risk weighted assets ratio              

(C) Capital to risk weighted accurate ratio          

(D) Capital to rest weighted assets ratio  

(E)None is correct

10. What does CRISIL stand for?

(A) Credit Rating and Industrial Services of India Limited

(B) Cash Rating and Industrial Services of India Limited

(C) Credit Rating and Investment Services of India Limited

(D) Currency Rating and Investment Services of India Limited

(E) Cash Rating and Investment Services of India Limited

ANSWER   KEY

  1.  D

  2.  B

  3.  A

  4.  B

  5.  A

  6.  B

  7.  B

  8.  D

  9.  B

 10.  C

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