Banking Awareness Quiz for SBI PO

Q1. Refinance facility is provided by NABARD. Which institutions can avail this facility?
(a) State cooperative banks
(b) Regional rural banks
(c) Commercial bank
(d) All of the above
(e) None of the above

Q2. Kisan Credit Cards are an effective way of reaching out to the farmers by the banks. What assistance does the farmer receive in this way?
(a) Credit facility for crops etc against an approved limit
(b) Short-term credit facility against value of his crops
(c) Long-term credit is provided against his land holdings
(d) Loan is permissible against crops sold, but payment yet to be received by the farmer
(e) None of the above


Q3. Which of the following is true?
(a) NBFCs can accept deposits from the public
(b) NBFCs cannot offer deposit schemes to the public
(c) Deposits of NBFCs are insured with DICGC
(d) NBFCs can accept deposits from public if they are registered and permitted by RBI
(e) None of the above


Q4. Base rate is the rate below which no bank can allow their lending to anyone. Who sets-up this ‘Base rate’ for banks?
(a) Individual Banks’ Board
(b) Ministry of Commerce
(c) Ministry of Finance
(d) RBI
(e) Interest Rate Commission of India


Q5. The financial assistance of loans of Rs.10000 by bank to a small borrower will be called……….?
(a) business finance
(b) government finance
(c) micro finance
(d) small finance
(e) KYC finance


Q6. The Aadhar-Enabled Payment System (AEPS) is a bank-led model that facilitates banking facilities through banking correspondents across banks. However, Aadhaar-enabled basic types of banking transactions do ‘not’ include?
(a) Aadhaar to Aadhaar funds transfer
(b) small overdraft facility
(c) cash withdrawal
(d) balance enquiry
(e) cash deposit


Q7. A type of fraud where in criminals use an innocent person’s details to open or use an account to carry out financial transactions, is known as?
(a) identity theft
(b) hacking
(c) money laundering
(d) espionage
(e) phishing


Q8. The part of a company’s earnings or profits which are paid out to shareholders, is known as- 
(a) capital gains
(b) taxes
(c) interest on borrowings
(d) dividends
(e) penal interest


Q9. NABARD is responsible for regulating and supervising the functions of 
(a) Investment and Industrial Finance Banks
(b) Cooperative Banks and Regional Rural Banks
(c) Corporate Finance and Overseas Banking Units
(d) Private Sector and Multinational Banks
(e) Reserve Bank of India

Q10. The government of India has announced a ‘Funding for Lending’ scheme. Who are the beneficiaries for this scheme?
(a) Commercial Banks
(b) Regional Rural Banks
(c) Micro-finance Institutions
(d) Finance Departments of the State Governments
(e) None of the above


Q11. RBI recently proposed a new post in the rank of Deputy Governor (along with the 4 Deputy Governors). Which one is that post? 
(a) Chief Executive Officer (CEO) 
(b) Chief Operating Officer (COO) 
(c) Chief Finance Officer (CFO) 
(d) CEO and Managing Director (CMD)
(e) None of the above 


Q12. Which one of the following rates is not decided by RBI? 
(a) Repo rate 
(b) Base rate 
(c) Bank rate 
(d) Marginal Standing Facility (MSF) rate
(e) None of the above 


Q13. Which of the following bank is generally not considered as Commercial bank? 
(a) Public Sector Bank 
(b) Private Sector Bank 
(c) Development Bank
(d) Foreign Bank 
(e) None of the above


Q14. Which of the followings are Development Banks of India? 
(a) Industrial Finance Corporation of India (IFCI) 
(b) State Finance Corporations (SFCs) 
(c) Small Industries Development Bank of India (SIDBI) 
(d) All of the above
(e) None of the above


Q15. Which bank are Public Sector Banks of India? 
(a) More than 50 % stake held by government
(b) 50 % stake held by government 
(c) Less than 50 % stake held by government 
(d) All of the above
(e) None of the above