Banking Awareness for BOB/SBI PO/Clerk

Banking Awareness for BOB/SBI PO/Clerk

1. ‘We care Dil se : We make you feel richer’ is the tagline of which of the following banks?

1. Kotak Mahindra Bank
2. IndusInd Bank
3. Federal Bank
4. Oriental Bank of Commerce
5. Yes Bank

2. Transfer Payment includes –

(A) Subsidy provided by the Government
(B) Pension given by the Government
(C) Compensation received from Government

1. Only (A)
2. Only (B)
3. Only (C)
4. All (A), (B) and (C)
5. None of these

3. A metric that quantifies induced consumption, the concept that the increase in personal consumer spending (consumption) occurs with an increase in disposable income (income after taxes and transfers) is known as –

1. Marginal Propensity to Save
2. Marginal Propensity to Spend
3. Marginal Propensity to Consume
4. Marginal Propensity to Income
5. None of these 

4. RBI necessitate that Banks classify any investments in debt or equity securities when they are purchased, with options to classify as ‘held to maturity’, ‘held for trading’ and _______ .

1. Held and Sold
2. Held for Sale
3. Available for Sale
4. Mark to Market
5. Sale for Availablity

5. Which of the following digital payment platforms has introduced the automatic payment of bills which is of recurring nature in India?

1. BHIM
2. PayPal
3. JioMoney
4. Tez
5. Paytm

6. State Bank of Sikkim is a state owned Banking Institution and also handles the treasury functions of State Government of Sikkim. State Bank of Sikkim has its headquarters in which of the following cities?

1. Gangtok
2. Mysore
3. Travancore
4. Patiala
5. Mumbai

7. SDR are the supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund. What does ‘R’ stand for, in term ‘SDR’?

1. Receipt
2. Risk
3. Revenue
4. Ratio
5. Right

8. Which of the following characteristics defines the term ‘Anti Dumping Duty’ ?

(A) Charging extra Import Duty on the particular product
(B) It is to prevent unfair Competition in the market.
(C) It is a part of Price Discrimination Policy.

1. Only (A)
2. Only (B) 
3. Only (C)
4. All (A), (B) and (C)
5. None of these

9. Which of the following is not a function of RBI?

1. Sterilisation of Foreign Inflow
2. Management of Foreign Exchange
3. Regulator of The Monetary Policy
4. Supervision of Financial System
5. None of these

10. A market structure characterized by a single seller, selling a unique product in the market is known as –

1. Perfect Competition Market
2. Oligopoly Market
3. Monopoly Market
4. Monopolistic Market
5. Monopsony Market

Answers:

1. 2
2. 4
3. 3
4. 3
5. 5
6. 1
7. 5
8. 4
9. 5
10. 3

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Banking MCQs for BoB PGDBF/GIC Re/SBI PO/Clerk Main

1. Which of the following is NOT correct about Rs. 200 banknote launched by the RBI recently?

1) Dimension of the banknote is 66 mm x 146 mm.

2) The colour of the banknote is bright yellow.

3) The banknote bears denominational numeral also in Devnagari.

4) The banknote bears the Motif of Hampi with Chariot.

5) None of the above

2. Habib Bank is the largest private lender of

1) Saudi Arabia

2) Pakistan

3) Bangladesh

4) Iran

5) UAE

3. A designation of a securities issue given by the SEBI that allows an Indian-listed company to raise capital from domestic markets without the need to submit any pre-issue filings to market regulators, is called

1) Commercial Paper

2) Promissory Note

3) Qualified Institutional Placement

4) Indian Depository Receipt

5) None of these

4. _________ is an on-device technology that permits a phone to perform card emulation on a Near Field Communication (NFC)-enabled device.

1) Swift

2) Host Card Emulation

3) CAMELS

4) Immediate Payment Service

5) Blockchain

5. The banking ombudsman can give a consumer up to what amount as compensation for loss of time, expenses incurred and mental anguish suffered during fighting the case?

1) 10,000

2) 25,000

3) 50,000

4) 1 lakh

5) 5 lakh

6. The term ‘red herring’ is associated with which of the following?

1) Initial Public Offering

2) Filing for insolvency

3) Corporate Social Responsibility

4) Monetary Policy

5) None of these

7. ________ is an unconventional monetary policy in which a central bank purchases govt securities from the market to lower interest rates and increase the money supply.

1) Contagion

2) Liquidity trap

3) Quantitative easing

4) Hysteresis

5) True cost economics

8. Which of the following removes the need for a third-party (eg a bank) to complete a transaction by directly connecting the customers and suppliers?

1) Blockchain

2) UPI

3) SWIFT

4) NEFT

5) RTGS

9. The interest rate on Savings Account is fixed by

1) respective banks

2) RBI

3) Finance Minister

4) Indian Banks’ Association

5) BCSBI

10. Commercial Papers are issued by the companies for meeting which kind of financial assests?

1) Purchase of office furniture

2) Purchase of plant and machinery

3) Long-term financial assets

4) Purchase of land

5) Meeting working capital requirements

Answers:

1. 4
2. 2
3. 3
4. 2
5. 4
6. 1
7. 3
8. 1
9. 1
10. 5

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