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General Awareness (With Special Reference to Banking Industry)---FOR SBI CLERICAL CADRE AND SBI PO

General Awareness (With Special Reference to Banking Industry)
1.         Which among the following is the Industrial Development Bank of India?
a) DICGCI       b) UTI             c) IDBI            d) EXIM bank             e) None of these
2.         As per the guidelines of RBI, what is the minimum amount of cash that one can deposit in his / her savings bank accounts?
a) Rs. 500        b) Rs. 5           c) Rs. 505        d) Rs. 50         e) Rs. 20
3.         The bank does not open a savings account in the name of
a) Government Departments              b) Municipal Corporations Committees
c) Panchayat Samities                                    d) State Housing Boards
e) All of the above
4.         The Reserve Bank of India publishes the classifications of demand deposits with the commercial banks. Which is not included in demand posits?
a)         Fixed deposits held as security for advances
b)         Deposits held as security for advances which are repayable on demand
c)         Current deposits
d)         Demand liabilities portion of savings bank deposits
e)         None of the above
5.         Which of the following comes under time deposits?
a) Fixed deposits       
b) Cash certificates, recurring deposits
c) Time liabilities portion of savings bank deposits
d) Staff security deposits
e) All of the above
6.         Money can be sent through __________ to anybody, who has an account in any other branch of the same bank.
a) telegraphic transfers          b) bank drafts             c) mail transfers
d) travellers cheques              e) None of above
7.         Which among the following is included in the banking reforms in India?
a) Adopting measures to strengthen risk management
b) Providing easy credit to all
c) Provide guaranteed subsidy from the governments
d) Both b) and c)
e) None of the above
8.         __________ is not a member country of Shanghai Cooperation Organization [SCO].
a) India           b) Kazakhstan             c) Tajikistan               d) China          e) Russia
9.         Recently, RBI has allowed RRBs to open their branches in tier-II cities without asking for permit. What is the purpose behind this?
a) To empower RRBs with the powers that RBI has
b) To increase the reach of banking services in tier-II cities
c) To generate money from tier-II cities
d) To increase the number of RRBS more than other commercial banks in tier-II cities
e) None of the above
10.       Which is not a risk associated with the banking?
a) Credit risk              b) Market risk             c) Fund risk                d) Operational risk
e) None of these
11.       Consider the following features of narrow banking and find out one that is not true?
a) Banks in India completely implement the narrow banking
b) In narrow banking, there is rarely asset liability mismatch
c) It helps the banks to reduce the NPAs
d) Tarapore Committee is best known for giving the concept of narrow banking
e) None of the above
12.       Which was the first Indian bank to open a branch outside India in London?
a) Punjab National Bank        b) State Bank of India            c) Bank of India
d) Canara Bank                       e) None of the above
13.       What was the year of establishment of the first Indian commercial bank which was wholly owned and managed by Indians? What was the name of that bank?
a) 1910, Imperial Bank of India                     b) 1911, Central Bank of India
c) 1919, State Bank of India                           d) 1971, Hindustan Bank
e) None of the above
14.       Which among the following assets posses the least risk as per RBI guidelines?
a) Central/State Government guaranteed advances
b) Secured loan to the staff members
c) Loans to public sector undertakings
d) Commercial real estate
e) Consumer credit
15.       Which of the following summits proposed the ‘financial activities tax’ and ‘financial stability contribution’?
a) G-8                          b) SAARC Summit [Second]                         c) G-20          
d) SAARC Summit [First]
e) None of the above
16.       Which of the following statement[s] is/are true about promissory note?
a) It is always in writing
b) It has an unconditional undertaking called promise
c) The promise is to pay money
d) The money is to be paid to a certain person
e) All of the above
17.       What is the rank of Sonia Gandhi in the Forbes Magazine's list of the world's 100 most powerful women in 2012?
a) First                        b) Third           c) Seventh       d) Sixth           e) Ninth
18.       Expand the term DEIT.
a) Department of Electricity and Information Technology
b) Department of Election Information Transfer
c) Department of Electronics and Information Technology
d) Department of Electronics and Info Tech
e) None of the above
19.       Which of the following statement[s] is/are correct about bill of exchange?
a) Signed by the market
b) Directs a certain person to pay certain of money to certain person
c) The parties are drawer, drawee and the payee
d) All of the above
e) None of the above
20.       For how many months, a cheque remains valid from the date of issue?
a) 3 months     b) 6 months     c) 9 months     d) 1 year          e) None of these
21.       In which of the following crossing is applicable?
a) Bill of exchange     b) Cheque       c) Promissory notes    d) Demand draft
e) None of these
22.       In which field the Saraswati Samman is awarded?
a) Journalism              b) Classical music      c) Prose or poetry literacy works
d) Science and technology                 e) None of the above
23.       Which of the following differences between cheque and demand draft is/are not true?
A) A cheque is a bill of exchange but demand draft is not
B) A cheque can get dishonored but a' demand draft is always honoured
C) A cheque cannot be made payable to bearer but a demand draft can be made payable to bearer
a) Only A        b) Only B        c) Both B and C          d) Only C        e) None of these
24.       When was National Credit Council established?
a) 1967            b) 1965            c) 1956            d) 1957            e) 1973
25.       The term Green Banking is in vogue these days, what do you understand by the term?
a) It implies planting of trees by the banks
b) its planting of trees by the customer of banks
c) It is when a bank is concerned with the social and environmental impacts of its investments and loans
d) All of the above
e) None of the above
26.       The form ‘ITR-1’ is a form for filing __________.
a) Income Tax Challan           b) Excise Duty                        c) Customs duty
d) Income Tax Return                       e) VAT
27.       Which of the following is not a money market instrument?
a) Treasury bill                       b) Debenture                          c) Commercial paper
d) Certificate of deposit         e) All of the above
28.       Which of the following term is not used in the game of lawn tennis?
a) Love            b) Double fault           c) Ace             d) Deuce         e) Spin
29.       What is the upper limit for the RTGS transaction in India?
a) 1 lakh          b) 2 lakh          c) 4 lakh          d) No upper limit        e) None of these
30.       For excellence in which of the following field Abel Prize is awarded?
a) Maths         b) Physics       c) Journalism              d) Arts             e) None of these
31.       On recommendation of which of the following committee NABARD was established ‘1’
a) C. Rangarajan Committee                          b) Vijay Kelkar Committee
c) Sivaraman Committee                              d) Chelliah Committee
e) None of these
32.       Which of the following is the agency which regulates mutual funds in India?
a) SEBI           b) RBI             c) IRDA          d) GOI             e) AMFI
33.       Money lent in the money market for the term as short as one day is referred as:
a) Notice money         b) Long-term loan      c) Short-term loan      d) Call money
e) None of these
34.       Expand the term KYC.
a) Knowledge Yourself about Customer                   b) Know Your Customer
3) Know Your Consumer                                           d) Know Your Counselor
e) None of these
35.       Consider the following situation —
A customer approaches the bank with a cheque and the particular cheque is returned unpaid by the bank, this is known as:
a) Bouncing of cheque           b) Dishonour of cheque         c) Cancellation of cheque
d) Honouring of cheque         e) None of these
36.       Notes of which of the following denominations are not circulated in India?
a) 5                  b) 10                c) 15                d) 50                e) None of these
37.       Which of the following will be the venue of the Summer Olympics to be organized in 2016?
a) Paris            b) London       c) New York               d) Rio-de Janeiro
e) None of these
38.       Which of the following institution provides credit for agriculture and rural development?
a) RBI             b) NABARD   c) SEBI           d) ICICI           e) None of these
39.       Dow Jones is the stock index of which of the following countries?
a) New York               b) India           c) Singapore               d) London
e) None of these
40.       Maria Sharapova is related to which of the following sports?
a) Lawn tennis           b) Badminton              c) Athletics                 d) Hockey
e) None of these
1.         c);        IDBI is the apex banking institution in the field of long—term industrial finance.
2.         b);       The customer may deposit any amount in the savings bank accounts subject to a minimum of Rs 5.
3.         e)
4.         a);        Fixed deposits held as security for advances is a classification of time deposits.
5.         e);        A savings account or certificate of deposit [CD] held for a fixed-term, with the understanding that the depositor can make a withdrawal only by giving notice. A time deposit is an interest-bearing bank deposit that has a specified date of maturity.
6.         c);        Money can be sent through mail transfers to anybody who has an account in any other branch of the same bank.
7.         a)
8.         a)         The members of Shanghai Cooperation organization are China, Russia, Kazakhstan, Kyrgyzstan. Tajikistan and Uzbekistan.
9.         b);       RRBs will open the branches in tier-II cities to increase the reach of banking services there.
10.       c)
11.       a);        Bank in India partially implement the narrow banking. Narrow banking is a proposed type of bank called a narrow bank also called a safe bank. Narrow banking would restrict banks to holding liquid and safe government bonds. Loans would be made by other financial intermediaries.
12.       c);        Bank of India was the first Indian bank to open a branch outside India in London in 1946 and the first to open a branch in Continental Europe at Paris in 1974.
13.       c); Central Bank of India [1911] was the first Indian commercial bank which was wholly owned and managed by Indians.
14.       a);        Central/State Government guaranteed advances are the most risk free assets with 0% weighted risk as per RBI guidelines.
15.       c)
16.       e);        A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date. A promissory note typically contains all the terms pertaining to the indebtedness by the issuer or maker to the note's payee, such as the amount, interest rate, maturity date, date and place of issuance, and issuer's signature.
17.       d)
18.       c)         Department of Electronics and Information Technology.
19.       d)         A bill exchange is written negotiable instrument which contains an unconditional order. Bills of exchange are similar to checks and promissory notes. They can-be drawn by individuals or banks and are generally transferable by endorsements. The difference between a promissory note and a bill of exchange is that this product is transferable and  can bind one party to pay a third party that was not involved in its creation.
20.       a)         All cheques are valid for 3 months from the date of issue.
21.       b)         Crossing is applicable in the case of cheque only and not in case of bill of exchange or promissory notes. Cheque is an important negotiable instrument which can be transferred by mere hand delivery. Cheque is used to make safe and convenient payment. It is less risky and the danger of loss is minimised.
22.       c)
23.       d)         A cheque can be made payable to bearer but a demand draft cannot.
25.       c)         Green banking is like a normal bank, which considers all the social and environmental/ecological factors with an aim to protect the environment and conserve natural resources. It is also called as an ethical bank or a sustainable bank. They are controlled by the same authorities but with an additional agenda toward taking care of the Earth’s environment/habitats/resources.
26.       d)
27.       b)         Debenture is capital market instrument. A segment of the financial market in which financial instruments with high liquidity and very short maturities are traded. The money market is used by participants as a means for borrowing and lending in the short term, from several days to just under a year.
28.       e)         Spin is not related with the game of lawn tennis, it is used in cricket.
29.       d)         Real Time Gross Settlement Systems [RTGS] are specialist funds transfer systems where transfer of money or securities takes place from one bank to another on a "real time" and on "gross" basis. Settlement in "real time" means payment transaction is not subjected to any waiting period.
30.       a)         The Abel Prize was established on 1st January, 2002. The purpose is to award the Abel Prize for outstanding scientific work in the field of mathematics. The prize amount is 6 million NOK [about 750,000 Euro] and was awarded for the first time on 3rd June, 2003.
31.       c)         On recommendation of Sivaraman Committee, NABARD was established by an act of parliament on 12th July, 1982. National Bank for Agriculture and Rural Development [NABARD] is an apex development bank in India having headquarters based in Mumbai (Maharashtra) and other branches are all over the country. The Committee to Review Arrangements for Institutional Credit for Agriculture and Rural, Development [CRAFICARD], set up by the Reserve Bank of India [RBI] under the Chairmanship of Shri B. Sivaraman, conceived and recommended the establishment of the National Bank for Agriculture and Rural Development [NABARD].
32.       e)         AMFI = Association of Mutual Funds in India
33.       d)         The call money market is an integral part of the Indian money market, where the day-to-day surplus funds are traded. The loans are of short-term duration varying from 1 to 14 days. The money that is lent for one day in this market is known as ‘call money’, and if it exceeds one day [but less than 15 days] it is referred to as ‘notice money’. ‘Term money’ refers to money lent for 15 days or more in the interbank market.
34.       b)         KYC means “Know Your Customer”. It is a process by which banks obtain information about the identity and address of the customers. This process helps to ensure that banks’ services are not misused. The KYC procedure is to be completed by the banks while opening accounts and also periodically update the same.
35.       b)         Dishonour of cheque—A cheque which the bank will not pay because there is not enough money in the account to pay it.
36.       c)
37.       d)
38.       b)
39.       a)         Dow Jones is the stock index of New York Stock Exchange.

40.       a)

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