SBI PO TEST – Banking Awareness –
Practice Test - 1
Q 01. Which panel / committee recently
recommended that every citizen should have a bank account, on receiving Aadhar
Q 02 - Nachiket Mor Panel on Financial
Inclusion recommended raising of the Priority Sector Lending stipulation; up to
what level ?
Q 03 – What is the Nachiket Mor panel
recommendation in respect of SLR?
Q 04 – True or False ? Public Sector Banks
can sell Insurance policies of any number of insurers.
Q 05 – What are IINSS (C) bonds sold by
RBI in the last quarter of the last fiscal 2013-14?
Q 06 - Bharatiya Mahila Bank (BMB), the
first women’s bank in Public Sector was Inaugurated on 19 Nov 2013. What is the
significance of 19 November?
Q 07 – In November 2013, RBI said that
Foreign Banks cannot open new branches in India, and stipulated a mechanism
instead. What Mechanism?
Q 08 – Which Public Sector bank was the
first to introduce ATM Card for joint account holders?
Q 09 – According to the recommendations of
the Urjit Patel Committee on Monetary Policy, who is to be accountable for
achieving the Inflation Target ?
Q 10 - In Jan 2014, RBI announced setting
up a Deposit Education & Awareness Fund. How is this Fund to be funded?
Q 11 – In Jan 2014, RBI raised the Loan to
Value (LTV) ratio in respect of Gold Loans. How much is the LTV now ?
Q 12 – Who headed the Committee that
recently scrutinized the applications for new Bank licences and submitted
Q 13 – Who recently headed the Financial
Sector Legislative Reforms Commission (FSLRC) that has proposed a complete
overhaul of the existing financial sector laws ?
Q 14 – What is “Indicash”?
Q 15 – Which bank has recently launched
Instant Money Transfer (IMT), which allows a person not holding an ATM card, to
withdraw cash at its IMT-enabled ATMs - a first of its kind initiative by any
public sector bank.?
Q 16 – According to the new simplified
“Foreign Portfolio Investment Scheme” put in place by RBI, Portfolio investors
registered in accordance with SEBI guidelines shall be called what ?
Q 17 - RBI has extended up to what date,
the date for complete implementation of Basel III norms by banks.
Q 18 - A borrower who has availed of a
loan from the Bank, is not a Consumer, as per the Consumer Protection Act. Yes /
Q 19 - What is a Whiteline ATM ?
Q 20 - As of March 2014, which Bank
proposed to issue Basel III compliant bonds in overseas markets, the first such
issue out of India ?
Q 21 – As of Dec 2013, approximately how
much was India’s External Debt? Pick the correct option.
A. $ 300 billion B. $ 400 billion C. $ 425
billion D. $ 450 billion
Q 22 - When Foreign Investors buy large
number of shares in the Indian Stock Exchanges, what happens to the value of the
Indian Rupee ? (Pick the correct option.)
A. Not Affected B. Tends to Increase C.
Tends to Decrease D. Can’t say
Q 23 - In terms of value, Crude Oil is
India’s biggest Import. Which item is currently the second? (Pick the correct
A. Machineries B. Gold C. Nuclear Fuel D.
Arms & Ammunition for Defence
Q 24 - As per RBI instructions on Basel
III norms, how much is the Capital Adequacy Ratio required to be achieved by
Indian Banks, on the date of complete implementation?
Q 25 - As per current RBI guidelines, what
is the time norm for classifying as NPA, a loan where the borrower has not paid
instalment or interest? (Pick the correct option.)
A. 30 days B. 60 days C. 90 days D. 180
A 01. Nachiket Mor Panel on Financial Inclusion.
A 02 – up to 50%
A 03 – That SLR has outlived utility for
banks & NBFCs; to be removed eventually.
A 04 – True. As instructed by Finance
Ministry in Dec 2013.
A 05 - Inflation Indexed National Savings
Securities – Cumulative. They were Inflation Indexed Bonds.
A 06 – Birthday of India’s only woman
Prime Minister yet, Indira Gandhi.
A 07 – As branches of the Foreign Bank’s
wholly Owned Subsidiary registered in India.
A 08 - Canara Bank. Primary card holder
initiates trxn using his PIN & Secondary card holder validates trxn using his
A 09 - A new Monetary Policy Committee (MPC)
with RBI Governor as head.
A 10 - Using unclaimed balances lying in
deposit accounts of depositors, not claimed for 10 years or more. This is as per
Section 26A of The Banking Laws (Amendment) Act 2012.
A 11 – 75%
A 12 – Bimal Jalan, former Governor of
A 13 - Justice Srikrishna
A 14 – The brandname of the 15,000 White
Label ATMs to be rolled out by Tata Communications Payment Solutions Limited (TCPSL)
across India by June 2016. It is the first non-banking firm to launch its ATM
A 15 – Bank of India
A 16 - Registered Foreign Portfolio
A 17 - 31 March 2019
A 18 - No. A borrower who has availed of a
loan from the Bank, is a Consumer, as per the Consumer Protection Act. All
Banking services where deficiency in service is observed, the consumer can file
a complaint under COPRA.
A 19 – White-Label ATM – Owned and
operated by a non-banking entity. E.g “Indicash” ATMs of Tata Communications
Payment Solutions Limited (TCPSL)
A 20 - Bank of India, the country’s third
largest public sector lender, proposes to issue $300-400 million worth of Basel
III compliant bonds in overseas markets. It will be the first such issue out of
India. Basel III is the latest international accounting norm for banks,
A 21 - Option C. - $ 426 billion
A 22 - Option B – Tends to Increase. More
demand for the Rupee to buy the shares pushes the value of the Rupee up.
A 23 - Option B. Gold
A 24 - 11.50%
A 25 - Option C – 90 days. As per current
RBI guidelines, a loan where the borrower has not paid instalment or interest
for 90 days is classified as NPA