Banking Quiz for SBI exams

Banking Quiz for SBI Clerk/PO





1. The Banking Regulation Act, 1949 does not at all apply to
1) Nationalised banks
2) State Bank of India and its subsidiaries
3) Foreign banks having branches in India
4) Primary agricultural credit societies and co-operative and land mortgage banks
5) None of these

2. Services of Business Correspondents can be engaged by
(A) Scheduled Commercial Banks
(B) Regional Rural Banks
(C) Local Area Banks
1) Only (A) 2) Only (A) and (B)
3) Only (B) and (C) 4) Only (A) and (C)
5) All (A), (B) and (C)

3. When the Reserve Bank of India (RBI) acts as a banker to the government, what does it do?
1) RBI keeps bank accounts of the government.
2) RBI carries out government transactions.
3) RBI advises the government on all financial and monetary matters.
4) All the above
5) None of the above

4. Services offered by the Reserve Bank of India (RBI) to government departments include all the following, except
1) payment of salaries and pensions
2) distributing RBI bonds to government departments
3) direct and indirect tax collections
4) remittance facilities
5) None of the above

5. Which of the following cannot be classified as Merit Goods?
1) Education
2) Infrastructure
3) Housing
4) Consumer durable goods
5) Healthcare

6. Which of the following statements about the Council for Advancement of People’s Action and Rural
Technology (CAPART) is/are correct?
(A) It functions under the aegis of the Ministry of Rural Development.
(B) It facilitates cooperation between NGOs and private sector companies for development of rural areas.
(C) Mohammed Haleem Khan is the Director General of CAPART.
1) Only (A)
2) Only (A) and (B)
3) Only (A) and (C)
4) Only (B) and (C)
5) All (A), (B) and (C)

7.What is the financial assistance or loan of `10,000 by a bank to small borrowers called?
1) Business finance
2) Government finance
3) Micro finance
4) Small finance

8. A bill of exchange in which a bank orders its branch or another bank, as the case may be, to pay a specified amount to a specified person, is called
1) Cheque
2) Bank draft
3) Promissory note
4) Postal order
5) Commercial paper

9. In which city of India was Asia’s first Special Economic
Zone (SEZ) set up?
1) Noida 2) Kandla
3) Ahmedabad
4) Sanand
5) Gurgaon

10.Which of the following public sector banks has decided to launch a signature card for high net-worth individuals
(HNIs)?
1) Punjab National Bank
2) State Bank of India
3) Indian Bank
4) Canara Bank
5) Bank of India

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