Banking Awareness Questions for SBI PO Mains Exam

Dear Readers,

Just a few days are left for SBI PO Mains Examination. It is time to pace up your preparation of Banking Awareness for SBI PO. These Banking questions will also help you in preparing for other upcoming banking recruitment examination.

Q1. The Monetary Policy of India is announced by- 
(a) Prime Minister
(b) Governor of the RBI
(c) Union Finance Minister
(d) Union Commerce Minister
(e) Chairman of SBI

Q2. Which of the following rates is NOT decided by the Reserve Bank of India? 
(a) Bank rate
(b) Repo rate
(c) Reverse Repo rate
(d) Income Tax rate
(e) CRR

Q3. The apex organisation of Indian money market is- 
(a) SBI
(b) SEBI
(c) RBI
(d) IRDA
(e) NABARD

Q4. Which of the following banks merged with Punjab National Banks in 1993? 
(a) New Bank of India
(b) Central Bank of India
(c) Imperial Bank of India
(d) Common Bank of India
(e) None of the above

Q5. How many language are used on a Ten Rupee note? 
(a) 2
(b) 7
(c) 10
(d) 15
(e) 16

Q6. Many a time we read in the newspapers that RBI has changed or revised a particular ratio/rate by a few basis points. What is basis point? 
(a) Ten percent of one-hundredth point
(b) One hundredth of 1%
(c) One hundredth of 10%
(d) Ten per cent of 1000
(e) None of the above

Q7. Which of the following is NOT a type of cheque issued by an individual? 
(a) Bearer cheque
(b) Order cheque
(c) Crossed cheque
(d) Savings cheque
(e) None of the above

Q8. What is Financial Inclusion? 
(a) To provide a permanent employment to the unemployment
(b) To provide a 100 days job to all those who are in need of a job
(c) Delivery of financial services at affordable costs to vast sections of disadvantaged and low income groups
(d) To ensure that all financial transaction amounting Rs. 5,000/- and above are done through banks.
(e) None of the above

Q9. Which of the following places in India does not have a stock Exchange? 
(a) Kolkata
(b) Ahmedabad
(c) Mumbai
(d) Udaipur
(e) None of the above

Q10. Which of the following is the name of private sector Bank in India? 
(a) IDBI Bank
(b) Axis Bank
(c) Corporation Bank
(d) UCO Bank
(e) Dena Bank

Q11. Biggest tax paying sector in India is:
(a) Agricultural Sector
(b) Banking Sector
(c) Industrial Sector
(d) All of the above
(e) None of the above

Q12. UCO Bank is a major government-owned commercial bank of India. Expanded form of UCO Bank is? 
(a) United Cooperative Bank
(b) Union Commercial Bank
(c) United Commercial Bank
(d) University Commercial Bank
(e) Universal Commercial Bank

Q13. TRIPS and TRIMS are associated with which of following organization-
(a) WTO
(b) IMF
(c) IDA
(d) AIIB
(e) WHO

Q14. Which are the first two Indian Banks has allowed to open branches in Pakistan in August, 2012?
(a) SBI and Bank of India
(b) Axis and HDFC Bank
(c) HDFC and ICICI Bank
(d) PNB and Bank of Baroda
(e) UCO Bank and Indian Bank

Q15. Which of the following is correct about ATM-?
(a) ATM is a computer which is dedicated to perform certain specific Jobs only
(b) ATM is a user friendly machine and the customer does not require any training to use it
(c) ATM is totally menu driven which displays instructions to the customers step by step for operating the same
(d) All of the above
(e) None of the above

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