SBI Po 2016 Special Banking Awareness Model Session

1. Who is appointed as the new Deputy Governor of RBI in place of Mr HR Khan?
a) Arundati Bhattracharya
b) Suresh N Patel
c) N S Vishwanathan
d) J.K.Garg
e) Rakesh Sharma

2. The Reserve Bank of India on 23 June 2016 released the "Payment and Settlement Systems in IndiaVision-2018", and the expected benefits thereof are:
a) Continued decrease in the share of paper-based clearing instruments
b) Consistent growth in individual segments of retail electronic payment systems viz. NEFT, IMPS, Card transactions, Mobile banking, etc.
c) Increase in registered customer base for mobile banking
d) Accelerated use of Aadhaar in payment systems
e) All the above

3. Which Indian was presented with the Green Economy Visionary Award at the "2016 Union of Arab Banks International Banking Summit" held in Rome?
a) Atulesh Jindal
b) Yaduvendra Mathur
c) Raghavan Seetharaman
d) Gurdip Singh
e) Anand Krishnamurthy

4. When a person avails a term loan from a bank, he will be given a repayment holiday, which is referred as:
a) Discount
b) Concession
c) Moratorium
d) Subsidy
e) Margin period

5. The currency of Belgium is:
a) US dollar
b) Riel
c) Krone
d) European Euro
e) Shekel

6. The total amount of money available in an economy at a specific time is known as:
a) Hard Money
b) Soft Money
c) Near Money
d) Money Stock
e) Bunch Money

7. Which one of the following commission recommended for the creation of a Central Bank (RBI) in India?
a) The Planning Commission of India
b) The Finance Commission of India
c) Rangarajan commission
d) The Hilton – Young commission
e) Narasimhan Committee

8. Banks facilitate payment services at merchant establishment through which of the following:
a) ATMs
b) Branches
c) Debit cards
d) Credit cards
e) c and d

9. Which of the following is correct regarding the new Marginal Cost of Funds based Lending Rate (MCLR) followed by Banks?
a) Costs that the bank is incurring to get funds (means deposit) is calculated on a marginal basis
b) The marginal costs include Repo rate; whereas this was not included under the base rate
c) The MCLR should be revised monthly
d) A tenor premium or higher interest rate for long term loans should be included
e) All the above

10. Which of the following is not a Cash Crop?
a) Jute
b) Tobacco
c) Rice
d) Oil Seeds
e) Sugarcane

11. The Blue Revolution is related with?
a) Fish production
b) Food grain production
c) Oil seed production
d) Milk production
e) None of the above

12. Under "Janashree Bima Yojana" the annual premium is Rs. _________
a) 100
b) 200
c) 300
d) 400
e) 500

13. The Government Sponsored Scheme "Swarna Jayanti Sahari Rojgar Yojna" (SJSRY) has been renamed as:
a) Non-Urban Livelihood Mission
b) Need-based Urban Livelihood Mission
c) National Urban Livelihood Mission
d) National Urban Life Mission
e) None of the above

14. Placement under money laundering means:
a) Smuggling bulk cash
b) Mix illicit proceeds with legitimate deposits
c) Deposit amounts in small denominations
d) a and b
e) All of the above

15. In case of LOW risk customers, the customer identification data is to be updated by the bank:
a) Once in 10 years
b) Once in 3 years
c) Once in 2 years
d) Once in 1 year
e) Not necessary for low risk customers

16. _________ is the central national agency of India responsible for receiving, processing, analyzing, and disseminating information of suspect financial transactions.
a) Reserve bank of India
e) Central Bureau of Investigation

17. As per the revised guidelines of RBI, Medium Enterprises is now forms part of:
a) Export Advance
b) Priority Sector Advance
c) Agriculture Advance
d) Industrial Advance
e) None of the above

18. Golden revolution refers to ________
a) Horticulture
b) Agriculture
c) Sylviculture
d) Ocean lives
e) Vermiculture

19. The SARFAESI Act 2002 is applicable to:
a) All banks and financial institutes
b) All financial institutes
c) Only to nationalized banks
d) Only to Public Sector Banks
e) All the banking companies and nationalized banks including RRBs

20. The electronic mechanism used by banks for transmitting financial messages across the borders is:
a) Telex
e) None of the above

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