Banking Awareness Quiz for SBI PO Mains

banking awareness quiz

Ques 1.
"Once a bearer is always a bearer " means that :
(a) where a cheque is originally expressed to be the bearer to the bearer, the banker is discharged by payment in due course to the bearer.
(b) banker can pay the cheque to the bearer irrespective of any endorsement whether in full or in blank appearing thereon,notwithstanding  that any such endorsement purports  to restrict  or exclude further negotiation
(c) both A and  B
(d) None of the above 

Ques 2.
Banking Ombudsman entertains complaints involving :
(a) delay in collection of cheques
(b) deficiency in cash transactions
(c) non-issue of demand drafts
(d) all of the above

Ques 3.
Banks stipulate interest rate on loss and advances based on :
(a) Borrower's experience
(b) track record
(c) credit rating
(d) None of these

Ques 4.
Expand 'VIRUS" in computer parlance :
(a)  Variable Integrated Risks Under Surveillance
(b) vital Information Resource Under Siege
(c) Very Independent Resource Under Seizure
(d) None of the above

Ques 5.
Expand " SHIPI " :
(a)  State Bank Heritage  Private Institute
(b) SBI Handicapped Standards Board
(c) Self Help Promotion Institution 
(d) None of the above

Ques 6.
Expand IASB :
(a) International Accounting standards Board
(b) Indian Accounting Standards Boards
(c) Internal Accounting Standards bureau
(d)  Indian accounts Standards Board

Ques 7.
INFINET Stands for :
(a) Internal Financial Networking
(b) international Financial Networking
(c) Indian Financial Network
(d) Inland Financial Network

Ques 8.
The full form of RBS is :
(a) Risk Based Supervision
(b) rating by System
(c) Role Based supervision
(d) Rating Bank security 

Ques 9.
state Bank of India has ........ circles :
(a) 9
(b) 12
(c) 14
(d) 16

Ques 10.
 Under hire -purchase system, the buyer becomes the owner of goods.
(a) immediately after the delivery of goods
(b) immediately after the down Payment
(c) immediately after the signing  of the of the agreement
(d) immediately after the payment of the last instalment

Ques 11.
Under hire -purchase system, the asset  can be got insured by :
(a) Buyer
(b) Seller
(c) Both A and B
(d)  None of these

Ques 12.
National Income of India's estimated by :
(a) central Estimates Survay Committee
(b)  National sample Survey Committee
(c) Central Statistical Organisation
(d) Finance Ministry 

Ques 13.
The definition of " Customer" is available  under :
(a)  Negotiable Instruments Act, 1881
(b) Consumer Protection  Act, 1986
(c) Banking Regulation Act, 1949
(d) KYC Guidelines

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