Banking Quiz for SBI Clerk Exam 2018 | 8th March 2018

Dear Aspirants,

Banking Quiz

Banking Awareness for SBI Clerk 2018

With the increased competition in the field of banking examinations, it has now become very important to cover up all the sections efficiently. One subject that can help you bagging graceful marks in the minimum time in these examinations is Banking Awareness. Banking Awareness Quiz not only helps you deal with the General Awareness Section of Banking Exams but also, the Personal Interview round of Banking Recruitment.

Q1. The FRDI Bill is part of a larger, more comprehensive approach by the Centre towards systematic resolution of all financial firms. FRDI stands for- 
(a) Financial Resolution and Deposit India
(b) Financial Resolution and Deposit International
(c) Financial Resolution and Deposit Initial
(d) Financial Resolution and Deposit Increase
(e) Financial Resolution and Deposit Insurance

Q2. LEI is a global reference number that uniquely identifies every legal entity or structure that is party to a financial transaction. What is the meaning of "I" in LEI?
(a) Insurer
(b) Indian
(c) Identifier
(d) Increase
(e) International

Q3. LEI India Limited is Wholly Owned Subsidiary of-
(a) Clearing Corporation of India Limited
(b) Bharatiya Reserve Bank Note Mudran Private Limited 
(c) Small Industries Development Bank of India
(d) Securities and Exchange Board of India
(e) Reserve Bank of India

Q4. AEPS is a system that leverages Aadhaar online authentication and enables AEBAs to be operated in anytime-anywhere banking mode by the marginalized d financially excluded segments of society through micro ATMs. What is the meaning of "E" in AEPS?
(a) Equity
(b) Essential
(c) Electronic
(d) Enabled
(e) Enrolled

Q5. APB is a repository of Aadhaar number of residents and their primary bank account number used for receiving all social security and entitlement payments from various government agencies. What is the meaning of "B" in APB?
(a) Base
(b) Bridge
(c) Bond
(d) Banking
(e) Basel

Q6. NCLT is a quasi-judicial body in India that adjudicates issues relating to companies in India. NCLT stands for-
(a) National Common Law Tribunal
(b) National Company Law Trend
(c) National Company Law Tribunal
(d) National Company Law Transaction
(e) National Company Law Treaty

Q7. CERSAI is a central online security interest registry of India. What is the meaning of "A" in CERSAI? 
(a) Asset
(b) Agency
(c) Association
(d) Aboard
(e) Annually

Q8. MIBOR is one iteration of an interbank rate, which is the rate of interest charged by a bank on a short-term loan to another bank. What is the full form of MIBOR?
(a) Management Inter-Bank Offer Reconstruction
(b) Mumbai Inter-Bank Offer Random
(c) Mumbai Inter-Bank Offer Reconstruction
(d) Mumbai Inter-Bank Offer Ratio
(e) Mumbai Inter-Bank Offer Rate

Q9. EFTPOS is a technology that makes it possible for retailers to directly receive funds from a customer's bank account via their debit card. What is the meaning of "T" in EFTPOS?
(a) Trusty
(b) Transfer
(c) Technology
(d) Treaty
(e) Timing

Q10. YONO app is a digital banking app launched by the State Bank of India. YONO stands for-
(a) You Only Name One
(b) You Only Need original
(c) You Only Need Oriented
(d) You Only Need One
(e) You Only National One

Q11. CBLO is a money market instrument that represents an obligation between a borrower and a lender as to the terms and conditions of a loan. What is the meaning of "B" in CBLO?
(a) Borrowing
(b) Balance
(c) Banking
(d) Basel
(e) Bond

Q12. MDR is a fee charged from a merchant by a bank for accepting payments from customers through credit and debit cards in their establishments. MDR stands for-
(a) Merchant Discount Ratio
(b) Merchant Discount Rate
(c) Merchant Discount Rating
(d) Merchant Development Rate
(e) Money Discount Rate

Q13. CRR is the number of funds that the banks have to keep with the RBI. What is the full form of CRR?
(a) Cash Rate Ratio 
(b) Cash Reserve Rate 
(c) Cash Reserve Ratio 
(d) Common Reserve Ratio 
(e) Core Reserve Ratio 

Q14. MSF rate refers to the rate at which the scheduled banks can borrow funds overnight from RBI against government securities. What is the meaning of "F" in MSF?
(a) Funded
(b) Financial
(c) Flow 
(d) Facility
(e) Fund

Q15. ETFs are mutual funds listed and traded on stock exchanges like shares. ETFs stands for-
(a) Electronic Traded Funds
(b) Exchange Time Funds
(c) Exchange Traded Finance
(d) Exchange Traded Flows
(e) Exchange Traded Funds