Banking Awareness Quiz for SBI Clerk Mains - Part 3

Ques 1.
The electronically operated commodity exchange at national level is :
(a) National Commodity  and Derivative Exchange
(b) National Multi- Commodity Exchange of India
(c) Multi-commodity  Exchange of India
(d) Commodity  Exchange of India

Ques 2.
Te Settlement Agent for RTGS is :
(a) Reserve Bank of India
(b) State Bank of India
(c) Indian Bank's Association
(d) National Clearning Corporation

Ques 3.
Which of the following is a feature of Spot Trade :
(a) Spot Trade is process of settlement where payments and receipts of funds are settled in respective currencies
(b) under Spot Trade, settlement takes place within two working days from the date of trade
(c) under spot Trade, a currency can be bought or sold with settlement on the same date
(d) under spot trade , Settlement can happen on the next date

Ques 4.
Which of the following  is considered a material alteration :
(a) converting a cheque from " Bearer" to "Order"
(b) converting a cheque from " Order" to "Bearer"
(c) filling in the date on an undated cheque
(d) crossing an open by the holder

Ques 5.
Which of the following is correct regarding "Rabi Season";
(a) April to September
(b) October to February
(c) June to December
(d) None of these

Ques 6.
Fro which one of the following Loan products "Teaser Loans' are offered by Banks :
(a)Education Loans
(b) Commercial Loan
(c) Loan Against security of Gold
(d)  Home Loan

Ques 7.
The Exim Bank has been set up for the purpose of :
(a) Functioning as a specialised institution for providing comprehensive credits on international competitive terms for except of capital goods, engineering goods, manufactured produced , projects and services.
(b) Offering advisory  services to exporters for non-traditional exports
(c) providing refinance facilities in regard to export financing by banks and other financial institutions
(d) All of the above

Ques 8.
Financial Action  Task Froce  has an office in India at which place :
(a) Mumbai
(b) Chennai
(c) Kolkata
(d) New Delhi

Ques 9.
"Aadhaar" is the new name of :
(a) PMRY
(c) UID
(d) None of these

Ques 10.
'Green Tax" is being proposed by the Maharashtra State Government Green tax relates  to :
(a) tax to be levied to all car/vehicle  users
(b) tax to be levied to all categories to motor vehicles
(c) tax to be levied to old motor vehicles
(d) none of the above

Ques 11.
" Whistle Blowing  Policy " denotes :
(a) starting  banking operations at the below of a whistle
(b) an arrangement by a company  to put in place a procedure by a company internally about possible irregularities, to the Chairman  or a Committee of the Board or the external auditor in confidence
(c) a situation , where bad advances of a banking company crosses certain fixed level
(d) a situation, where a bank had to sound alert because of massive fraud taking place

Ques 12.
A short term crop loan becomes NPA if : 
(a) loan and interest  remains unpaid for one year
(b) loan and interest  remains unpaid for two years
(c) loan and interest  remains unpaid for one crop season
(d) loan and interest  remains unpaid for two  crop seasons

Ques 13.
As per RBI directives, the complaints relating to cash not dispensed at ATMs although deposit account is debited , etc.Should be disposed of within a period of :
(a) 3 Days
'(b) 7 days
(c) 15 days
(d) 30 days

Ques 14.
Association of National Exchanges Members of India ( ANM) is a body consisting of :
(a) Bankers and SEBI
(b) SEBI and IBA
(c) Brokers operating in the national Exchange
(d) Bankers, SEBI, IBA and RBI

Ques 15.
Base Rate ( BR) is :
(a) The minimum rate of interest that a bank is allowed to charge form its customers
(b) unless mandated by the Government, RBI rule stipulates that no bank can offer loans at a  rate lower than Base Rate of any its customers
(c) Both A and B
(d) None of the above

Ques 16.
Inside Trading is related to :
(a) Horse racing
(b) Share market
(c) Taxation
(d) Public Expenditure

Ques 17.
Full form of PERT is :
(a) Program Entry Review Technique
(b) Program Evaluation and Review Technique
(c) Pre Evaluation and Review Technology
(d) None of the above

Ques 18.
"Account Payee" crossing is a :
(a) Restricted crossing
(b) Special Crossing
(c) General Crossing
(d) None of these

Ques 19.
" Repository " means :
(a) balance held in non Currency Chest branch
(b) same as Currency Chest
(c) a part of Currency chest
(d) None of the above


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