Thursday, 1 June 2017

Banking Awareness Questions for SBI PO Mains Exam

Dear Readers,


Just a few days are left for SBI PO Mains Examination. It is time to pace up your preparation of Banking Awareness for SBI PO. These Banking questions will also help you in preparing for other upcoming banking recruitment examination.

Q1. Cheque which is truncated during the course of clearing cycle is called __________
(a) Stale Cheque
(b) Mutilated Cheque
(c) Self Cheque
(d) Truncated Cheque
(e) None of the given options is true

Q2. Person named in the instrument to whom or to whose order the money is to be paid is known as-?
(a) Drawer
(b) Drawee
(c) Payer
(d) Payee
(e) Receivable

Q3. National Housing Bank (NHB), a wholly owned subsidiary of the central bank (RBI) was established in 1988 under the-
(a) National Housing Bank Act, 1987
(b) National Housing Bank Act, 1988
(c) National Housing Bank Act, 1986
(d) National Housing Bank Act, 1985
(e) None of the given options is true

Q4. The Banking Ombudsman Scheme was introduced under __________ of the Banking Regulation Act, 1949 by RBI with effect from 1995.
(a) Section 25A
(b) Section 35A
(c) Section 45A
(d) Section 15A
(e) Section 55A

Q5. National Housing Bank (NHB), is an apex financial institution for housing, having headquarters in-?
(a) Mumbai
(b) New Delhi
(c) Bengaluru
(d) Hyderabad
(e) Kolkata

Q6. Which of the following Act provides provisions for the regulation of credit information companies?
(a) Companies Act, 1956
(b) Credit Information (Companies Regulation Act, 2005)
(c) Information Technology Act, 2000
(d) Banking Regulation Act, 1949
(e) None of the given options is true

Q7. __________ are certificates issued by banks that have overreached their priority sector lending targets.
(a) Commercial Papers
(b) Certificate of Deposits
(c) Treasury Bills
(d) Priority Sector Lending Certificates
(e) None of the given options is true

Q8. How many types of PSLCs can be issued by the Banks?
(a) Four
(b) Five
(c) Six
(d) Eight
(e) Ten

Q9. Which bank has launched India’s first golf-centric credit card?
(a) SBI
(b) UBI
(c) PNB
(d) RBL

Q10. Which bank has launched India’s first contactless mobile payment solution-?
(b) Kotak Mahindra Bank
(c) IndusInd Bank
(d) South Indian Bank
(e) Axis Bank

Q11. Which bank has launched India’s first digital branch in Gurugram, Haryana?
(b) Axis Bank
(c) Induslnd Bank
(d) South Indian Bank
(e) State Bank of India

Q12. _______ is a deposit account provided by a bank or other financial institutions for individuals to save money and earn the modest interest for that money held in the account.
(a) Fixed Deposit Account
(b) Savings Bank Account
(c) Recurring Account
(d) Current Account
(e) Escrow Account

Q13. __________ is a deposit of money that has a fixed time and pays higher interest than a Saving Bank Account.
(a) Fixed Deposit Account
(b) Savings Bank Account
(c) Current Account
(d) All of the above
(e) None of the given options is true

Q14. First Indian bank to provide Internet Banking facility is-?
(a) SBI
(b) ICICI Bank
(c) Canara Bank
(d) BOI
(e) PNB

Q15. Which of the following was implemented by National Payments Corporation of India (NPCI) for Banks, Financial Institutions and Corporate etc.?
(a) National Automated Clearing House (NACH)
(b) National Automatic Clearing House (NACH)
(c) National Automated Cleared House (NACH)
(d) National Automatic Cleared House (NACH)
(e) Nominal Automatic Cleared House (NACH)


11000+ (RRB, Clerk, PO) Candidates were selected in IBPS PO 2016 from Career Power Classroom Programs.

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

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