Banking Awareness For SBI Associate Clerk Exam 2015
Banking Awareness
1. Bank rate is the rate of
interest implemented by RBI when it lends money to a public sector bank for the
____ basis.
(1) Short term
(2) Long term
(3) Either 1 or 2
(4) None of these
2. Term “NDTL” stands for –
(1) Net Demand Time Liability
(2) Net Demand Term Liability
(3) Net Demand Time Liquidity
(4) Net Debt Time Liability
(5) Net Debt Term Liability
3. What is the current MSF (Marginal Standing
Facility) rate?
(1) 8%
(2) 9%
(3) 9.5%
(4) 8.5%
(5) None of these
4. MICR code is used for ___.?
(1) For
Electronic Clearance of Cheques
(2) For Electronic Funds Transfer
(3) For Code Banking Solution
(4) For Cheque Truncation Services
(5) None of these
5. Banking Ombudsman is a senior official
appointed by ____.
(1) Government of India
(2) Reserve
Bank of India
(3) Finance Ministry
(4) Individuals Bank
(5) None of these
6. Which of the following statements is not
correct about “Kisan Vikas Patra”?
(1) In KVP money will be doubles in 8 years 4
months (100 months).
(2) “Kisan Vikas Patra” will be available in
the denomination of Rs 1,000; 5,000; 10,000 and 50,000.
(3) There
will be no upper ceiling on investment.
(4)
PAN
card is required for investment in Kisan Vikas Patra
(5) None of these
7. Overdraft Facility in Pradhan Mantri Jan Dhan
Yojna is ___.
(1) Rs 5000
(2) Rs 10,000
(3) Rs 50,000
(4) Rs 500
(5) Rs 1000
8. What is the maximum limit of RTGS (Real Time
Gross Settlement)?
(1) 2 lakh
(3) 5 lakh
(3) No limit
(4) 10 lakh
(5) None of these
9. Once the
borrower has failed to make interest or principle payments for 90 days the loan is considered to
be a ____.
(1) Low
income group
(2) Soft
Loan
(3) Non Performing Asset
(4) Hard
money
(5) Call
money
10. On which date 14 commercial banks were nationalized in India in ____.
(1) 21, July 1969
(2) 19, April 1979
(3) 25, March 1951
(4) 19, July1969
(5) 10, May 1949
Answers:
Qs 1 – 2 Qs.2 – 1 Qs.3 – 2 Qs4. 1 Qs. 5 – 2
Qs. 6– 4 Qs 7 – 1 Qs 8 – 3 Qs. 9 – 3 Qs 10 – 4