Sunday, 14 May 2017

Banking Awareness Questions for BOB PO & SBI PO Mains Exam

Dear Readers,


Just a few days are left for Bank of Baroda PO and NIACL Assistant Mains Examination. It is time to pace up your preparation of Banking Awareness for Bank of Baroda PO and NIACL Assistant Mains 2017. These Banking questions will also help you in preparing for SBI PO Mains 2017, Bank of IndiaRBI Grade-B and NICL AO Mains 2017 recruitment examination.

Q1. Financial literacy is a serious issue for RBI, because?
(a) It would enable better understanding of banking business 
(b) With better understanding more and more people would utilize the banking services
(c) It would mean banks can do more business 
(d) It would mean the maximum number of people
(e) None of the given options is true

Q2. RBI has replaced BPLR regime by Base Rate regime w.e.f?
(a) July 1, 2010
(b) July 5, 2010
(c) July 11, 2010 
(d) July 15, 2010
(e) None of the given options is true

Q3. Many a times, we read about Special Drawing Right (SDR) in newspapers. As per in definition, SDR is a monetary unit of the reserve assets of which of the following organisations/agencies?
(a) World Bank
(b) International Monetary Fund (IMF)
(c) Reserve Bank of India (RBI)
(d) Organization of the Petroleum Exporting Countries (OPEC)
(e) None of the given options is true

Q4. Reserve Bank of India is-
(a) an extension wing of Ministry of Finance, Government of India
(b) India's central banking institution, which controls the monetary policy of the Indian rupee
(c) an Institution owned by Indian Bank’s Association 
(d) a private sector company
(e) None of the given options is true 

Q5. The term ‘Ways and Means’ advances refer to?
(a) The temporary advance made to the government by its Bankers to bridge the interval between expenditure and the flow of receipt of revenues 
(b) the advance given by the Banks to the poorest of the society 
(c) lending made under PMRY scheme 
(d) All of the above
(e) None of the given options is true 

Q6. How much amount was authorised capital of NPCI? 
(a) Rs 100 crore
(b) Rs 500 crore 
(c) Rs 300 crore
(d) Rs 200 crore
(e) Rs 400 crore

Q7. Bank for International Settlements (BIS) pursues its mission by-
(a) fostering discussion and facilitating collaboration among central banks
(b) supporting dialogue with other authorities that are responsible for promoting financial stability
(c) carrying out research and policy analysis on issues of relevance for monetary and financial stability
(d) acting as a prime counterparty for central banks in their financial transactions
(e) All of the above

Q8. Bank for International Settlements (BIS) is an international organisation, created pursuant to an international treaty (The Hague Agreements of 1930). Its shareholding members are-
(a) Central banks
(b) Monetary authorities
(c) Commercial Banks
(d) Both (a) and (b)
(e) Both (a) and (c)

Q9. Who is the present Managing Director (MD) & Chief Executive Officer (CEO) of NPCI?
(a) Balachandran M
(b) AP Hota
(c) Deena Mehta
(d) B Sambamurthy
(e) None of the given options is true

Q10. How much amount was paid-up capital of NPCI?
(a) Rs 100 crore
(b) Rs 500 crore 
(c) Rs 300 crore
(d) Rs 200 crore
(e) Rs 400 crore

Q11. PSLCs are tradable certificates issued against priority sector loans of banks. What does meaning of "Cs" in PSLCs?
(a) Cess
(b) Cities
(c) Census
(d) Certificates
(e) None of the given options is true

Q12. The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from -
(a) 1995
(b) 1999
(c) 1990
(d) 1982
(e) 1988

Q13. MTSS is a way of transferring personal remittances from abroad to beneficiaries in India. What does MTSS stand for-
(a) Mobile Transfer Service Scheme 
(b) Money Transfer System Scheme 
(c) Money Timing Service Scheme 
(d) Market Transfer Service Scheme 
(e) Money Transfer Service Scheme

Q14. How much cash can payment are made to the beneficiary in India under MTSS? 
(a) Rs 2,00,000
(b) Rs 50,000
(c) Rs 1,00,000
(d) Rs 10,000
(e) None of the given options is true

Q15. RDA is a channel to receive cross-border remittances from overseas jurisdictions. What does meaning of "A" in RDA?
(a) Account
(b) Assembly
(c) Arrangement
(d) Association
(e) Amount
CRACK SBI PO 2017



More than 250 Candidates were selected in SBI PO 2016 from Career Power Classroom Programs.


9 out of every 10 candidates selected in SBI PO last year opted for Adda247 Online Test Series.

No comments:

Post a Comment