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Banking Awareness Quiz for SBI PO Main

1. A worldwide financial messaging network which exchanges messages between banks and financial institutions is known as:
SWIFT
CHAPS
NEFT
SFMS
CHIPS
2. Liability- side of the balance-sheet comprises:
Capital and reserve
Long-term liabilities
Current liabilities
All of the above
3. Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable property except for its own use for a period of not more property. The RBI may extend this period for a further period of ______:
2 years
4 years
5 years
6 years
4. Which of the following stock exchange is derecognized by SEBI on 19.11.2014 on the allegations of serious irregularities in its functioning?
Bombay Stock Exchange
Delhi Stock Exchange
Calcutta Stock Exchange
Bangalore Stock Exchange
5. Which of the following is not a function of General Insurance?
Cattle Insurance
Crop Insurance
Fire Insurance
Medical Insurance
6. Which is the first Indian bank started solely with Indian capital investment?
Canara Bank
Central Bank of India
Punjab National Bank
State Bank of India
7. A centralized database with online connectivity to branches, internet as well as ATM-network which has been adopted by almost all major banks of our country is known as
investment banking
specialized banking
core banking
mobile banking
national banking
8. When there is a difference between all receipts and expenditure of the Government of India, both the capital and revenue is called:
Revenue deficit
Budgetary deficit
Zero Budgeting
Trade Gap
Balance of Payment Problem
9. With reference to the Cheque which of the following is the ‘drawee bank”?
The bank that collects the cheque
The payee’s bank
The endorsee’s bank
The endorser’s bank
The bank upon which the cheque is drawn
10. A money deposited in the bank that cannot be withdrawn for a preset fixed period of time is known as:
Term Deposit
Checking Account
Saving Bank Deposit
No frills account
Current Deposit

Answers:

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