Banking Awareness Quiz for SBI PO Mains - Part 4

1. What is the deadline to connect digitally all post offices in rural areas in the country?

a) January 2018

b) February 2017

c) March 2017

d) April 2018

e) June 2019

2. The National Housing Bank is a subsidiary of –

a) RBI

b) NABARD

c) IDBI

d) SEBI

e) None of these 

3. What is the full form of “NDTL” the term we see very frequently in newspapers?

a) Net Demand and Term Liability

b) Net Demand and Time Liability

c) New Demand and Term Liability

d) Net Demand and Term Liquidity

e) None of these 

4. Treasury bills or T-bills, which are money market instruments, are short term debt instruments issued by ___________.

a) Reserve Bank of India

b) Individual Banks

c) Government of India

d) IRDA

e) Corporate & Financial Institutions 

5. What is the correct expansion of the term MUDRA ?

a) Micro Undertakings Development and Refinance Authority

b) Micro Units Development and Refinance Agency

c) Micro Undertakings Development and Restructuring Agency

d) Mini Units Development and Restructuring Authority

e) None of these 

6. MICR code is used for _________?

a) For Electronic Clearance of Cheques

b) For Electronic Funds Transfer

c) For Code Banking Solution

d) For Cheque Truncation Services

e) None of these 

7. The Islamic Development Bank (IDB) will open its first branch in which city of India?

a) Ahmedabad

b) Lucknow

c) Ajmer

d) Raipur

e) None of these 

8. With reference to the insurance and banking sector, which of the following is the most appropriate explanation of ‘PIN’?

a) Postal Index Number

b) Personal Index Number

c) Personal Identification Number

d) Personal Information Number

e) Permanent Identification Number 

9. What is the term of the rate at which banks borrow banks funds from the RBI to meet the gap between the demands they are facing for money (loans) and how much they have on hand to lend?

a) Call Rate

b) CRR

c) Bank Rate

d) Repo Rate

e) SLR 

10. In a bid to curtail domestic black money flow, the finance ministry has announced that it will be mandatory to furnish permanent account number (PAN) for all transactions above Rs________ through all payment modes with effect from January 1, 2016.

a) Rs. 1 lakh

b) Rs. 2 lakh

c) Rs. 3 lakh

d) Rs. 4 lakh

e) None of these 

Answers: 

1. c) March 2017

2. a) RBI

3. b) Net Demand and Time Liability

4. c) Government of India

5. b) Micro Units Development and Refinance Agency

6. a) For Electronic Clearance of Cheques

7. a) Ahmedabad

8. c) Personal Identification Number

9. d) Repo Rate

10. b) Rs. 2 lakh 

Thanks.