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Financial and Banking Awareness for SBI PO - Part 14

Published on Wednesday, July 20, 2016
1. Which of the following committee has been constituted to make recommendations on pay scale revision for PSUs employees?
a. Satish Chandra committee
b. Ashok Dalwai committee
c. Sanjay Mitra committee
d. HR Nagendra committee
e. Subramaniam committee

2. Which of the following statements regarding Credit Cards is not true?
a. Credit card purchases normally become payable after a free credit period
b .A credit limit is usually assigned to a card
c. A credit card can be used to purchase goods and services on credit
d. Credit cards allow cardholders to carry a balance from one billing cycle to the next
e. In Credit card transactions purchase and payment happen at the same time

3. Which of the following is Not a component of a marketing plan?
a. Executive summary
b. Marketing advantages
c. Environmental analysis
d. Marketing implementation
e. Reviewing results

4. Banks offering wealth management services are exposed to risks on account of misspelling of products conflict of interest, lack of knowledge and clarity about products and frauds such risks are known as______
a. Liquidity Risk
b. Interest Rate Risk
c. Credit Risk
d. Reputational Risk
e. Market Risk

5. Which of the following is a banking service that is geared primarily towards individual consumers and which focuses strictly on consumer markets?
a. Retail Banking
b. Merchant Banking
c. Narrow Banking
d. para Banking
e. Commercial Banking

6. Collection of cheques drawn on outstation branches of banks (a cheque drawn on nonlocal bank branch) through the local clearing if the bank has a core banking enabled branch locally is known as______
a. Swift Clearing
b. Express Clearing
c. National Clearing
d. Speed Clearing
e. Cheque Truncation Clearing

7. Banks borrow money from Reserve Bank of India to meet short term needs by selling securities to RBI with an agreement to repurchase the same at predetermined rate and date under the______
a. Initial Public Offer
b. Reverse Repo
c. Repo
d. Commercial Paper operations
e. Open Market Operations

8. Some banks are financing projects like “Construction Roads/Bridges etc. Financing such projects means banks are helping exactly in _______
a. Developing Core Sector Industry
b. Project Management
c. Infrastructural Development
d. Financial Inclusion
e. All of these

9. Which of the following certainly is an effort in the direction of Financial Inclusion?
a. NofrillsAccounts
b. Foreign Currency Accounts
c. Internet Banking
d. Any where Banking
e. Non performance Account

10. Which of the following statements are correct in regard to foreign banks operating in India?
a. The parent foreign bank of a wholly owned subsidiary would continue to hold 100 per cent equity in the Indian subsidiary for a minimum Prescribed period of operation
b .Foreign banks would be permitted to acquire a controlling stake in a phased manner, but only in those private sector banks which are identified by the Reserve Bank for restructuring
c. Foreign banks would be allowed to open more than the existing WTO commitment of 12 branches in a year
d. Only (a) and (b)
e. All of the above


1. Satish Chandra committee
2. In Credit card transactions purchase and payment happen at the same time
3. Marketing advantages
4. Reputational Risk
5. Retail Banking
6. Speed Clearing
7. Repo
8. Infrastructural Development
9. NofrillsAccounts
10. All of the above
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