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. The concept of insuring deposits kept with banks received attention for the first time in the year ___________ after the banking crises in Bengal. 
(a) 1941
(b) 1933
(c) 1961
(d) 1948
(e) 1919

Q2. The Deposit Insurance Corporation (DIC) Bill was introduced in the Parliament on August 21, 1961. After it was passed by the Parliament, the Bill got the assent of the President on December 7, 1961, and the Deposit Insurance Act, 1961 came into force on January 01st-
(a) 1962
(b) 1975
(c) 1956
(d) 1949
(e) 1935

Q3. The Reserve Bank of India was promoted a public limited company on January 14th, 1971, named the CGCI. What was the meaning of "C" in CGCI?
(a) Common
(b) Conclusion
(c) Corporation
(d) Concept
(e) Credit

Q4. The DIC Bill was introduced in the Parliament on August 21st, 1961. What is the meaning of "D" in DIC?
(a) Distance
(b) Development
(c) Deposit
(d) Demand
(e) None of the above

Q5. DICGC stands for- 
(a) Deposit Investment and Credit Guarantee Corporation 
(b) Deposit Insurance and Credit Guarantee Corporation
(c) Deposit Insurance and Credit Guarantee Company 
(d) Demand Insurance and Credit Guarantee Corporation 
(e) Deposit Installment and Credit Guarantee Corporation 

Q6. DICGC was came into existence on- 
(a) 15th July 1949
(b) 15th July 1961
(c) 15th July 1982
(d) 15th July 1972
(e) 15th July 1978

Q7. The authorised capital of the DICGC is 50 crore, which is fully issued and subscribed by-
(a) Government of India
(d) RBI
(e) SEBI

Q8. Which type of Banks is covered under Deposit Insurance (DICGC) Scheme?
(a) All commercial banks including the branches of foreign banks functioning in India
(b) Local Area Banks 
(c) Regional Rural Banks
(d) All of the above
(e) None of the above

Q9. Initially (Before 1968), under the provisions of Section 16(1) of the DICGC Act, the insurance cover was limited to ________ only per depositor(s) for deposits held by him (them) in the "same right and in the same capacity" in all the branches of the bank taken together. 
(a) Rs 1500
(b) Rs 2500
(c) Rs 10000
(d) Rs 50000
(e) Rs 100

Q10. Who is the present chairman of DICGC?
(a) Harsh Kumar Bhanwala
(b) SS Mundra
(c) NS Vishwanathan
(d) R Gandhi
(e) Ajay Tyagi


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