Friday, 19 May 2017

Banking Awareness Questions for SBI PO Mains Exam

Dear Readers,

banking-quiz

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. The World Bank Group consists of how many organisations-
(a) One
(b) Two
(c) Three
(d) Four
(e) Five

Q2. The World Bank is like a cooperative, made up of --------------- member countries. These member countries, or shareholders, are represented by a Board of Governors, who are the ultimate policymakers at the World Bank. 
(a) 189
(b) 193
(c) 159
(d) 173
(e) 187

Q3. Name the agency, which is an agency to provide ‘soft-loans’ to developing countries?
(a) Asian Infrastructure Investment Bank (AIIB)
(b) Organisation of the Petroleum Exporting Countries (OPEC) 
(c) Asian Development Bank (ADB)
(d) World Trade Organization (WTO)
(e) International Development Association (IDA)

Q4. On July 15th, 2014 at the sixth summit in Fortaleza, Brazil the member countries signed the Articles for the New Development Bank (NDB). What is the authorised capital of NDB?
(a) USD 200 billion
(b) USD 300 billion
(c) USD 500 billion
(d) USD 100 billion
(e) None of the above

Q5. The first Board of Governors meeting of the BRICS New Development Bank was held in ____________ on July 7, 2015, where the Bank formally came into existence as a legal entity. 
(a) Brazil
(b) Russia
(c) South Africa
(d) India
(e) China

Q6. The New Development Bank (NDB) aims to mobilise resources for development projects in BRICS, emerging economies and developing countries. Where is the headquartered of NDB?
(a) Durban, South Africa
(b) Brasilia, Brazil 
(c) Moscow, Russia
(d) Shanghai, China
(e) New Delhi, India

Q7. With an initial funding of $912.7 million, International Development Association (IDA) was launched on-
(a) 24th September 1960
(b) 17th December 1920
(c) 22nd November 1959
(d) 23rd May 1919
(e) 15th October 1945

Q8. NIBM was established in ____________________ by the Reserve Bank of India, in consultation with the Government of India, as an autonomous apex institution for research, training, education and consultancy in bank management.
(a) 1982
(b) 1949
(c) 1921
(d) 1934
(e) 1969

Q9. NIBM is part of the grand vision of giving a new direction to the banking industry in India and making the industry a more cost-effective instrument for national development. NIBM stands for-
(a) Non-Organisation Institute of Bank Management
(b) National Institute of Bureau Management 
(c) National Investment of Bank Management
(d) National Institute of Bank Management
(e) None of the above

Q10. NIBM, an autonomous academic institution, is governed by a Board, its highest policy-making body. Where is the headquartered of NIBM?
(a) Nashik, Maharashtra
(b) Pune, Maharashtra
(c) Mumbai, Maharashtra
(d) Kolhapur, Maharashtra
(e) Nagpur, Maharashtra

Q11. ___________ is an electronic fund transfer system that operates on a Deferred Net Settlement (DNS) basis which settles transactions in batches.
(a) NEFT
(b) RTGS
(c) NPCI
(d) BBPS
(e) IMPS

Q12. The Central Office of the Reserve Bank was initially established in Calcutta (now Kolkata) but was permanently moved to Mumbai in-
(a) 1949
(b) 1937
(c) 1943
(d) 1945
(e) 1934

Q13. The Reserve Bank of India (RBI) is vested with the responsibility of conducting monetary policy. This responsibility is explicitly mandated under which act?
(a) Companies Act, 1956
(b) Negotiable Instruments Act, 1881
(c) Reserve Bank of India Act, 1934
(d) Banking Regulation Act, 1949
(e) None of the given options is true 

Q14. A facility under which scheduled commercial banks can borrow the additional amount of overnight money from the Reserve Bank by dipping into their Statutory Liquidity Ratio (SLR). It is called? 
(a) Repo Rate
(b) Reverse Repo Rate
(c) Bank Rate 
(d) Marginal Standing Facility (MSF)
(e) Liquidity Adjustment Facility (LAF)

Q15. National Housing Bank (NHB) was set up on ______________ under the National Housing Bank Act, 1987.
(a) 01st July 1956
(b) 02nd October, 1976
(c) 01st January 1934
(d) 21st May 1956
(e) 09th July 1988


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