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 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) Organization of the Petroleum Exporting Countries (OPEC) 
(c) Asian Development Bank (ADB)
(d) World Trade Organization (WTO)
(e) International Development Association (IDA)

Q4. On July 15, 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. 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. IBA was set up in ________ with 22 members to discuss issues of common interests.
(a) 1946
(b) 1955
(c) 1934
(d) 1921
(e) 1961

Q12. What is the effort of IBA?
(a) Assist and provide common services to members.
(b) Promote sound and progressive banking principles and practices. 
(c) Co-ordinate and co-operate on procedural, legal, technical, administration, professional matters. 
(d) Build Image of banking industry through publicity and public relations.
(e) All of the above

Q13. Central Government has notified in the Official Gazette ___________ CPI inflation as the target for the period from August 5, 2016 to March 31, 2021 with the upper tolerance limit of 6 per cent and the lower tolerance limit of 2 per cent.
(a) 4 percent
(b) 3 percent
(c) 5 percent
(d) 2 percent
(e) None of the above

Q14. What is the full form of CPI?
(a) Customer Price Index
(b) Consumer Price Index
(c) Consumer Product Index
(d) Consumer Price Indian
(e) Custom Price Index

Q15. What is the focus & Priorities of IBA?
(a) The Government of India on policy related issues 
(b) Industry unions on wage negotiations and improving industrial relations 
(c) Foreign counterparts to widen the horizon and perspectives 
(d) Members to encourage inter-bank co-operation and co-ordination 
(e) All of the above


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