SBI PO 2015: Banking Awareness Quiz

Dear Readers,
                       This banking awareness quiz is one of the smart weapon that can be helpful in SBI mains exam and as well as LIC ADO exam. These awareness quiz can help you excel forward and leave others behind, so do go for it.

1. If the customer can do all transactions only in a branch and the branch has no online access, it is called .............

1) Online Banking

2) Internet Banking

3) Virtual Banking

4) Brick and Mortar Banking

5) None of these

2. As a part of financial inclusion, Bank on Wheels is a banking kiosk in a mobile van which goes to various rural villages as per the predetermined schedule to provide the banking services to the rural Indians. This Vehicle Tracking through GPRS. GPRS stands for .............

1) General Packet Radio Service

2) General Packet Running Service

3) Gross Packet Radio Service

4) Gain Packet Radio Service

5) General Packet Radio Store

3. A collection of investment tools such as stocks, shares, mutual funds, bonds, cash and so on depending on the investor's income, budget and convenient time frame. The art of selecting the right investment policy for the individuals in terms of minimum risk and maximum return is called as .........

1) Portfolio management

2) Credit creation

3) Amortized management

4) Zero account

5) None of these

4. Which bank has launched the country's first contactless debit and credit cards on 7 January 2015?

1) HDFC

2) SBI

3) ICICI

4) Union Bank of India

5) Yes Bank

5. On 7 May 2015, RBI said with effect from September 1, 2015 all new cards issued - debit and credit, domestic and international - by banks shall be EMV chip and pin based cards. EMV stands for ................

1) Europay, Mastro and Visa.

2) Euro, Master Card and Visa.

3) Europay, Master Card and Visulas.

4) Entitlement of Master Card and Visa.

5) Europay, Master Card and Visa.

6. Which is the first bank to get ISO certificate?

1) Corporation Bank

2) UBI

3) Canara Bank

4) Syndicate Bank

5) ICICI

7. Kisan Credit Card (KCC) scheme introduced in .................. has emerged as an innovative credit delivery mechanism to meet the production credit requirements of the farmers in a timely and hassle - free manner.

1) 1998

2) 2000

3) 2001

4) 1991

5) 2004

8. To make KCC a Smart Card cum Debit Card, Government of India had constituted a Working Group under the Chairmanship of ..................

1) C. Ranga Rajan

2) Chanda Kocchar

3) Arundhathi Bhattacharya

4) D. Subba Rao

5) T.M. Bhasin

9. In 2014, Competition Commission of India probed the merger between regional rural banks sponsored by Punjab National Bank and ................

1) Andhra Bank

2) Union Bank of India

3) State Bank of India

4) Syndicate Bank

5) None of these

10. A personal loan is a kind of unsecured loan which can be used for any purpose that the borrower deems necessary. The loan backed only by promise to repay, and for this reason the personal loan also called...........

1) Signature loans

2) Secured loans

3) Priority sector loan

4) Transfer loan

5) None of these

11. AMFI is dedicated to developing the Indian Mutual Fund Industry on professional, healthy and ethical lines and to enhance and maintain standards in the industry. AMFI stands for ...............

1) Association of Mutual Funds in India

2) Authority of Mutual Funds in India

3) Amalgamation of Mutual Funds in India

4) Association of Mutual Finance in India

5) None of these

12. Providing Gas subsidy, government pensions, providing scholarships etc through banks called as ...............

1) Social Banking

2) Area Banking

3) Royal Banking

4) Visual Banking

5) None of these

13. Which bank bagged the Core Banking System Initiative Award for the year 2014 at the Asian Banking and Finance - Retail Banking Awards 2014?

1) SBI

2) ICICI Bank

3) Bharathiya Mahila Bank

4) Standard Bank

5) None of these

14. In the IBA Banking Technology Awards 2014, Best Financial Inclusion Initiative award among Public Sector bank conferred on ..............

1) SBI

2) Corporation Bank

3) Andhra Bank

4) Bank of Baroda

5) IOB

15. Which of the following banking does not come under Social Banking?

1) Crediting the LPG subsidy in the beneficiary bank account

2) Offering Jan Dhan Scheme accounts

3) Allowing students to credit their scholarships through No-frill accounts

4) Allowing the subsidy loan to disadvantage sections of the society

5) All of the above banking operations come under social banking

Answers will be provided soon

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