Banking Awareness MCQs for SBI PO/Clerk 2018: 22 May

Banking Awareness MCQs for SBI PO/Clerk 2018: 22 May

1. National Financial Reporting Authority (NFRA) is a body proposed for the establishment and enforcement of accounting and auditing standards and oversight of the work of auditors. NFRA is proposed under which Act?

1. Companies Act 2013
2. National Tax Tribunal Act 2005
3. Securities Laws (Amendment) Act, 2014
4. Insolvency and Bankruptcy Code, 2016
5. None of these.

2. FCNR (Foreign Currency Non Resident) Account is a _______ type of account.

1. Savings Account
2. Fixed Deposit Account
3. Recurring Deposit Account
4. Current Account
5. None of these.

3. What is an ultra small bank branch?

1. Branch controlled by Gram Panchayat.
2. Branch with two staff members.
3. ATM with deposit and withdrawal facility.
4. Branch between base branch and BC locations.
5. None of these.

4. Y H Malegam Committee is related to – 

1. Financial Inclusion
2. Banking Regulations
3. Classification of Bad Loans
4. Non Banking Financial Company
5. None of these.

5. Which of the following is not a type of Micro Finance Model?

1. Joint Liaboility Group (JLG)
2. Self Help Group (SHG)
3. The Grameen Bank Model
4. Rural Cooperatives
5. None of these

6. SWIFT code is an international bank code that identifies particular banks worldwide. A SWIFT code consists of how many characters?

1. 8
2. 11
3. 12
4. Either 8 or 11 
5. Either  8 or 12 

7. Tagline of Indian Bank is –

1. Where India Banks
2.  A Tradition of Trust
3.  Honours Your Trust
4.  A Friend you can Bank Upon
5.  Your Own Bank

8. DBOD is entrusted with the responsibility of regulation of commercial banks under the regulatory provisions contained in the Banking Regulation Act, 1949 and RBI Act, 1934 besides enunciation of banking policies. What does ‘O’ stands for in the term ‘DBOD’ ?

1. Ombudsmen
2.  Operations
3.  Opportunity
4.  Organisation
5.  None of these.

 9. ___________ is the first bank against which the revised PCA has been invoked by RBI.

1. Dena Bank
2.  IDBI
3.  Central Bank of India
4.  Syndicate Bank
5.  Canara Bank

10. MOGO is essentially a musical logo launched by – 

1. Lakshmi Vilas Bank
2. IndusInd Bank
3.  Karnataka Bank
4.  Karur Vysya Bank
5.  RBL Bank.

Answers:

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