Banking & Finance for SBI PO/Clerk 2018: 30 April

Banking & Finance for SBI PO/Clerk 2018: 30 April

Banking & Finance for SBI PO/Clerk 2018: 30 April

1. Recently, Exim Bank has inked USD 500 million line of credit (LoC) agreements with which of the following organizations to fund various development projects in Economic Community of West African States (ECOWAS) region in western-south Africa?
1) World Bank
2) EBID
3) ADB
4) NDB
5) None of these
2. If a savings account is opened with a bank on the basis of simplified KYC norms, the account would additionally be treated as a
1) BSBDA
2) No frills account
3) Small Account
4) Current Account
5) Other than those given as options
3. A person writes the various details including the name of a person/company on the cheque and signs it, ordering his bank to pay that person/company the amount of money stated. Here, the person who writes and signs the cheques is
1) drawee
2) payee
3) drawer
4) introducer
5) Other than those given as options
4. The Indian financial system code (IFSC) is an alpha-numeric code that uniquely identifies a bank-branch participating in the NEFT system. This code contains how many characters?
1) 12
2) 11
3) 10
4) 9
5) 7
5. The International Finance Corporation (IFC) is headquartered at
1) Geneva
2) Paris
3) Washington DC
4) London
5) New York
6. The headquarters of EBID is based in
1) Togo
2) Ghana
3) Liberia
4) Nigeria
5) Mali
5. The Govt of India and the Asian Development Bank (ADB) have recently signed $80 million loan to help modernize technical and vocational education and training (TVET) institutions in the State of
1) Kerala
2) Rajasthan
3) Maharastra
4) Madhya Pradesh
5) Himachal Pradesh
6. Recently, the SWIFT platform expanded its GPI (Global Payment Innovation) Tracker system to help banks track their global transactions at all times and keep full vigil on payments activity. In SWIFT, the letter ‘T’ stands for
1) Transfer
2) Telecommunication
3) Transaction
4) Terminate
5) None of these
7. Which private sector banks has launched its new Sonic Identity, a musical logo, as part of its branding initiatives?
1) Federal Bank
2) IndusInd Bank
3) IndusInd Bank
4) ICICI Bank
5) HDFC Bank
8. Which of the following is available to banks to borrow overnight funds from RBI against the approved government securities?
1) Repo Rate
2) Bank Rate
3) Base Rate
4) Marginal Standing Facility 
5) None of these
9. Which of the following is the first country to introduce the Banking Ombudsman Scheme?
1) France
2) USA
3) China
4) UK
5) Switzerland
10. ‘ASBA’ abbreviated as ________
1) Applications Supported by Blocked Account
2) Applications Supported by Bank Account
3) Applications Sustained by Blocked Amount
4) Applications Serviced by Blocked Account
5) Applications Supported by Blocked Amount


Answers:

  1. 2
  2. 1
  3. 3
  4. 2
  5. 3
  6. 2; Society for World Interbank Financial Telecommunication System
  7. 3
  8. 4
  9. 4
  10. 5
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