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. MUDRA gives loan in how many categories?
(a) Two
(b) One
(c) Three
(d) Four
(e) Six

Q2. Which among the following is not a loan category of MUDRA bank?
(a) Shishu
(b) Arun
(c) Kishor
(d) Tarun
(e) None of the above

Q3. SEZs Policy was announced in _________ with the objective of making the SEZs an engine for economic growth, supported by quality infrastructure and an attractive fiscal package both at the Central and State level with a single window clearance.
(a) December 1999
(b) October 2010
(c) January 2005
(d) July 1991
(e) April 2000

Q4. The main objectives of the SEZ act are-
(a) Generation of additional economic activity 
(b) Promotion of exports of goods and services
(c) Promotion of investment from domestic and foreign sources 
(d) Creation of employment opportunities
(e) All of the above

Q5. With effect from 31 March 2005, a ______________ would be one, which has remained NPA for a period less than or equal to 12 months. 
(a) Sub­standard Assets
(b) Profit Assets
(c) Doubtful Assets
(d) Loss Assets
(e) None of the above

Q6. With effect from March 31, 2005, an asset would be classified as _____________ if it has remained in the sub­standard category for a period of 12 months. 
(a) Sub­standard Assets
(b) Profit Assets
(c) Doubtful Assets
(d) Loss Assets
(e) None of the above

Q7. What is the financial limit Under MUDRA's Shishu scheme?
(a) Rs. 5, 00,000
(b) Rs. 50,000
(c) Rs. 1, 00,000
(d) Rs. 10,000
(e) Rs. 1, 50,000

Q8. What is the financial limit Under MUDRA's Kishor scheme?
(a) Rs. 50,000 to Rs. 10 lakh
(b) Rs. 50,000 to Rs. 3 lakh
(c) Rs. 50,000 to Rs. 1 lakh
(d) Rs. 50,000 to Rs. 2 lakh
(e) Rs. 50,000 to Rs. 5 lakh

Q9. Which among the following Incentives and facilities offered to the SEZs is not correct-
(a) Duty free import/domestic procurement of goods for development, operation and maintenance of SEZ units.
(b) Exemption from State sales tax and other levies as extended by the respective State Governments.  
(c) Exemption from minimum alternate tax under section 115JB of the Income Tax Act.
(d) 100% Income Tax exemption on export income for SEZ units under Section 10AA of the Income Tax Act for 10 years, 50% for next 5 years thereafter and 50% of the ploughed back export profit for next 5 years.
(e) Exemption from Central Sales Tax.

Q10. ___________ is a specifically delineated duty-free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs. 
(a) SEZs
(b) FDI
(c) FIPB
(d) CDR
(e) CSR

Q11. Which committee has recommended the setting up of Special Tribunals to reduce the time required for settling cases and accepting the recommendations, Debt Recovery Tribunals (DRTs) were established?
(a) Kelkar committee
(b) Justice Reddy committee 
(c) Rangarajan Committee
(d) Sivaraman Committee
(e) Narasimham Committee

Q12. DRT has been constituted under Section 3 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. DRT stands for-
(a) Debt Recovery Tribunals
(b) Demand Recovery Tribunals
(c) Deposit Recovery Tribunals
(d) Debt Refinance Tribunals
(e) Debt Recovery Treaty

Q13. What is the financial limit Under MUDRA's Tarun scheme?
(a) Rs. 40 lakh to Rs. 50 lakh 
(b) Rs. 30 lakh to Rs. 40 lakh 
(c) Rs. 20 lakh to Rs. 30 lakh 
(d) Rs. 10 lakh to Rs. 20 lakh 
(e) Rs. 5 lakh to Rs. 10 lakh

Q14. Who can set up an SEZ? 
(a) Private sector 
(b) Public sector
(c) State government
(d) All of the above
(e) Only (a) and (b)

Q15. Securitisation act 2002 is enables the banks to issue notices to defaulters who have to pay the debts within __________ days.
(a) 90 days
(b) 60 days
(c) 30 days
(d) 120 days
(e) None of the above


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