Banking Awareness Online Test 2014 for SBI clerk exam
Hello!! Dear friends I hope you all are preparing well for the IBPS exam. In all banking examinations banking awareness plays an important role, to help for the aspirates we are here providing SBI PO Clerk Banking Awareness questions and awareness according to the latest banking news SBI notification is going to release on the months of January and February. Eligible candidates will be recruited as clerks, POs and other jobs and eligible for getting all benefits in banking sector. ALL THE BEST
1. Consumer banks are usually found in
A. India and Pakistan B. India and uk C. USA and Germany
D. China Russia E. None of these
2. Under which type of account a Specified amount is deposited every month for a specific period say 12 , 24 , 36, 60 months
A. Fixed account B. Saving account C. Current account
D. Recurring account E. Demat account
3. An inter bank funds Transfer system where funds are transferred as and when the transactions are triggered is called
A. Internet banking B. Mobile banking C. Bill payment service
D. Real time gross settlement E. None of these
4. The operative guidelines for banks in mobile banking transactions in india were issued in
A. 2008 B. 2009 C. 2010 D. 2011 E. 2007
5. To use smart cards/debit cards/Credit cards for the purchase of an item or for payment of a service at a merchant store the card has to be swiped in a terminal known as
A. Point of sale terminal B. Real time terminal C. Shopping terminal
D. All of the above E. None of these
6. For filling and resolving customer complaints the banking ombudsman
A. Charge a fee Rs.500 B. Does not any fee C. Charge a fee of Rs.1500
D. Charge a fee of Rs.1000 E. None of these
7. In case a depositor is a sole proprietor and holds deposits in the name of the proprietory concern as well as in maximum insurance cover is available up to
A. Rs.1000000 B. Rs.2000000 C. Rs.5000000
D. All of these E. None of these
8. Banks give contracts to third parties in order to manage support service like
A. Help desk support B. Credit card processing C. Call support service
D. All of the above E. None of these
9. The RBI has prescribed that all SCBs should maintain their SLRs in
A. Dated securities notified by RBI B. T bills of Government of India
C. State Development loans D. All of these E. None of these
10. According to the risk diversification principle of the bank lending, diversification should be in terms of
A. Customer base B. Geographic location C. Nature of the business
D. All of the above E. None of these
11. Which of the following aspects are outlined by the loan policy of a bank
A. Rating standards B. Lending procedures, C. Financial covenants
D. All of the above E. None of these
12. The paid up capital of non-scheduled bank is less than
A. Rs.5 lakh B. Rs.10 lakh C. Rs.12 lakh
D. Rs.15 lakh E. None of these
13. Which of the following are the scheduled banks
A. State bank of mauritius Ltd B. HDFC bank ltd C. ICICI bank
D. None of the above E. All of the above
14. Branch banking system is one under which
A. A large bank carries on banking business through a large network of branches spread all over the country
B. The bank huge Financial resources enable it to carry on its activities on a large scale through out the country
C. Only A
D. Both A and B
E. None of these
15. The unit banking system is prevalent in
A. Canada B. Great Britain C. United states of america
D. India E. Pakistan
16. Lord krishna bank ltd is a
A. New pvt sector bank B. Old pvt bank C. Public sector bank
D. Regional rural bank E. None of these
17. Systematic investment plans are a customer centric facility provided by which of the following
A. Mutual funds B. Stock brokers C. Commercial banks
D. Post office savings schemes E. None of these
18. Which of the following lending qualifies as a priority sector loan
A. Loan for purchase of gold for marriage of daughter
B. Loan for customer durables
C. Housing loan
D. Loan for purchase of tractor
E. None of these
19. Electronic clearing service is a payment facility for customers. Which of the following provide this facility
A. RBI B. SBI C. Cooperative banks
D. Finance ministry E. None of these
20. Bank loan against property requires the asset to be free from encumbranhces. What does it mean
A. The asset to be free from any liability
B. The asset to be property registered
C. The property to be fully constructed
D. The asset should not have multiple owners
E. None of these
Answers:
1. D 2.B 3.A 4.A 5.D
6. A 7.B 8.D 9.C 10.B
11. A 12.C 13.B 14.D 15.D
16. B 17.B 18.A 19.A 20.C
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