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Banking Awareness for SBI

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Dear Aspirants,

In every banking examinations, Banking Awareness section plays a pivotal role in scoring good marks in the section. It is very relevant for all the examinations. So, we at Bsc4success are providing important Banking Awareness MCQs on the daily basis, which will certainly aid your preparation. Make most of it.

1. In India, which among the following is/are a part of Legal Tender Money?

1) Both coins and currency notes
2) Both coins and bank drafts
3) Both currency notes and SDRs
4) Only currency notes issued by RBI
5) None of these

2. When was IDBI delinked from the RBI and taken over by Government of India?

1) 1976
2) 1977
3) 1978
4) 1980
5) None of these

3. Which among the following is correct?

1) Money market provides long term source of finance
2) Recession in the industrial sector in India is normally due to a fall in exports
3) Ways and means advances given by RBI
4) Exchange rate is fixed by RBI
5) None of these

4. Who was the first Indian Governor of RBI?

1) Yash Pal Singh
2) Hemant Rao
3) CD Deshmukh
4) Jaipal Singh
5) None of these

5. KYC (Know Your Customer) norms were implemented in the Indian banking system in 2002 as per the directive of ?

1) SEBI
2) RBI
3) IBA
4) IRDA
5) None of these

6. Expand CRAR in terms of banking sector.

1) Capital- to- Return Asset Ratio
2) Capital –to-Risk Asset Ratio
3) Capital –to-Risk Asset Range
4) Core Risk Asset Return
5) None of these

7. One rupee notes and coins are issued by

1) Reserve bank of India
2) State Bank of India on behalf of Government of India
3) RBI
4) Finance Minister of Central government of India
5) None of the above

8. What does ‘Kite Flying’ refers to in the banking terminology?

1) The practice of depositing and withdrawing frequently in a bank account.
2) Opening of multiple accounts with different names by any individual
3) Doing unauthorised business
4) Permitting drawls against uncleared cheques
5) None of these

9 Bank rate policy, open market operations, variable reserve requirements and statutory liquidity requirements employed by Reserve Bank as measures of credit control viz.

1) Quantitative methods
2) Qualitative methods
3) Both of the above
4) All of the above
5) None of the above

10. NSFR stands for

1) Net Settle Finance Ratio
2) Net Stable Funding Ratio
3) Non Stable Finance Ratio
4) Net Stable Finance Ratio
5) None of the above

Answers:

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

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