Banking and Financial Awareness for SBI / IBPS Exams

Q1. The RBI has given permission for cash withdrawal at “POS terminals”. What is the full form of “POS”?
(a) Permitted on Sale
(b) Potential of Service 
(c) Point of Sale
(d) Permission of Sale 

Q2. Which of the following is NOT a banking related term?
(a) SME Finance 
(b) Overdraft 
(c) Cheque
(d) Equinox

Q3. “Doing Business Report” is prepared by which of the following organizations every year?
(a) Asian Development Bank (ADB)
(b) World Bank 
(c) International Monetary Fund (IMF)
(d) World Trade Organisation (WTO)

Q4. “Yen” is the currency of?
(a) China
(b) South Korea 
(c) North Korea 
(d) Japan

Q5. Many times we read in financial newspapers/magazines about Systematic Investment Plans(SIPs). SIPs are an investment option also operated in the mode of?
(a) Mutual Funds
(b) Small Savings Schemes in Post Offices 
(c) National Pension Fund 
(d) National Saving Certificates 

Q6. Which of the following apex body and regulators has asked banks to swap customer related information so that the frauds and defaults may be prevented in future?
(a) Bombay Stock Exchange (BSE)
(b) Indian Bank’s Association (IBA)
(c) Securities & Exchange Board of India (SEBI)
(d) Reserve Bank of India (RBI)

Q7. Who amongst the following is the author of the book (released recently) “India and Global Financial Crisis : Managing Money and finance”? 
(a) Dr. Bimal Jalan
(b) Dr. C. Rangarajan
(c) Dr. Manmohan Singh 
(d) Dr. Y. V. Reddy

Q8. The Reserve Bank of India does not print currency notes of the denomination of Rs. …………….
(a) 20/-
(b) 50/-
(c) 3,000/-
(d) 1,000/-

Q9. Which of the following is considered as the financial capital of India?
(a) New Delhi
(b) Kolkata 
(c) Ahmedabad 
(d) None of the above

Q10. “Micro Credit” means?
I.  Loan of very small amount 
II. Loans to Corporate Sector
III.Loans amounting Rs 50 lakhs to Rs 5 crores to Medium and small Industries Units 
(a) Only (I)
(b) Only (II)
(c) Only (I) and (II)
(d) None of the above