Banking Awareness Questions for 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. Under OLTAS, only a Single Copy Challan is used with a tear-off portion for the Tax Payer. What does OLTAS stand for-?
(a) On-line Tax Accounting Service
(b) On-line Tax Amounting System
(c) On-line Timing Accounting System
(d) On-line Tax Association Service
(e) On-line Tax Accounting System

Q2. What is the minimum period of maturity prescribed for Commercial Paper (CP)?
(a) 17 Months
(b) 14 Days
(c) 01 Year
(d) 07 days
(e) 05 years

Q3. Which banks are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC)?
(a) Foreign Banks functioning in India
(b) Local Area Banks
(c) Regional Rural Banks
(d) All of the above
(e) None of the above

Q4. What is the maximum period of maturity prescribed for Commercial Paper (CP)?
(a) 10 years
(b) 06 years
(c) 01 Year
(d) 02 years
(e) 05 years

Q5. Each depositor in a bank is insured by DICGC upto a maximum of _____________________ for both principal and interest amount held by him in the same capacity and same right as on the date of liquidation/cancellation of bank's licence or the date on which the scheme of amalgamation/merger/reconstruction comes into force.
(a) Rs.1, 00,000
(b) Rs.2, 00,000 
(c) Rs.3, 00,000 
(d) Rs.4, 00,000 
(e) Rs.5, 00,000

Q6. Which organisation holding the highest/maximum share in NABARD as on 31st March 2016?
(a) Finance Ministry 
(b) Government of India
(c) Reserve Bank of India
(d) Securities and Exchange Board of India
(e) None of the above

Q7. Who is the present Chairman of SEBI?
(a) Ajay Tyagi
(b) Kshatrapati Shivaji
(c) Yaduvendra Mathur
(d) Shaktikanta Das
(e) Urjit Patel

Q8. At the instance of Government of India Reserve Bank of India (RBI) was constituted a committee to review the arrangements for institutional credit for agriculture and rural development (CRAFICARD) on 30 March 1979, under the Chairmanship of-
(a) V K Malhotra
(b) C Rangarajan
(c) B Sivaraman
(d) Hilton Young
(e) None of the above

Q9. The Government of India, the concerned State Government and the bank, which had sponsored the RRB contributed to the share capital of RRBs in the proportion of ________________ respectively. 
(a) 50%, 15% and 35%
(b) 50%, 35% and 15% 
(c) 35%, 50% and 35% 
(d) 15%, 50% and 35% 
(e) None of the above

Q10. Regional Rural Banks (RRBs) were established in 1975 under the provisions of the Ordinance promulgated on the 26th September 1975 and followed by which act?
(a) Companies Act, 1956
(b) RRBs Act, 1976
(c) RBI Act, 1935
(d) Banking Regulation Act, 1949
(e) None of the above

Q11. FICCI history is closely interwoven with India's struggle for independence, its industrialisation, and its emergence as one of the most rapidly growing global economies. What is the meaning of "F" in FICCI?
(a) Follower
(b) Federal
(c) Financial
(d) Federation
(e) None of the above

Q12. Who was the first Chairman and Managing Director (CMD) of Exim Bank?
(a) Ravneet Kaur
(b) TCA Ranganathan
(c) RC Shah
(d) Kalyan Banerji
(e) Yaduvendra Mathur

Q13. ECGC Ltd. wholly owned by Government of India was set up in ______________ with the objective of promoting exports from the country by providing Credit Risk Insurance and related services for exports.
(a) 1935
(b) 1982
(c) 1964
(d) 1949
(e) 1957

Q14. ECGC is essentially an export promotion organisation, seeking to improve the competitiveness of the Indian exporters by providing them with credit insurance covers. What is the meaning of "G" in ECGC?
(a) Guarantee 
(b) General 
(c) Government
(d) Grameen
(e) None of the above

Q15. AIIB is a new multilateral financial institution founded to bring countries together to address the daunting infrastructure needs across Asia. AIIB stands for-
(a) Asian Infrastructure Investment Bureau
(b) Asian Infrastructure Investment Bank
(c) Association Infrastructure Investment Bank 
(d) Asian International Investment Bank 
(e) None of the above


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