BANKING AWARENESS--FINANCIAL AWARENESS -- SBI PO /IBPS PO
BANKING AWARENESS
BANKING INNOVATION
* HDFC is which
type of company? - General Regulating
Body
*The SBI
launched minor account for children above 10 years, named as - Pehli Udaan
* What is the
full form of IFSC? - Indian Financial
System Code
* Interest on
savings account is calculated on - Daily
Basis
* Mukesh Ambani-owned
Reliance Jio Infocomm has launched digital wallet service for Indian consumers.
What is the name of that service? -
JioMoney Wallet
* The mutual
funds in India follow accounting standards laid by the - SEBI
* Which Bank has
launched country’s first contactless business credit card in association with
Jet Airways for Small and Mid-sized Enterprises (SMEs)? - ICICI Bank
* The full form
of GAAR is - General Anti Avoidance
Rules
* The Bank which
refinance the loans given to poor and weaker sections to construct or buy house
is - National Housing Bank (NHB)
* AMFI stands
for - Association of Mutual Funds in
India
* ‘Honours Your
Trust’ is slogan of - UCO Bank
* Which year was
declared as the ‘International Year of Micro Credit’ by United Nations? – 2005
* Crypto-Currency
is - Digital Medium of Exchange
* The Reserve
Bank of India was set-up on the recommendation of - Royal Commission on Indian Currency and
Finance
* NBFC deals
in - Providing Banking Services
* The
headquarter of National Housing Bank is situated at - New Delhi
* Name of the
first bank to receive approval for getting full bank licence in Singapore is - State Bank of India
* ‘Rupiya’ in
our country was introduced by - Sher
Shah Suri
ECONOMY
* The ‘food for
work’ programme was renamed as -
National Rural Employment Programme
* In a company,
the use of sensitive corporate information by the company people to make gains
or cover loss known as - Insider
Trading
* ‘Swabhiman’
the financial inclusion scheme, comes under the preview of - Ministry of Finance
* India become
the member of FATF in - 2010
* The
Securitisation and Reconstruction of Financial Assets and Enforcement of
Securities Interest (SARFAESI) Act means recovery of loans which have become
NPA, is not applicable to - Non-Banking
Financial Companies
* Which State has
declared a ban on the use of plastic in the State for first time? - Gujarat
* Name of the
commission which distributes the taxes between Centre and States. – Finance Commission
* When there is
a difference between all receipts and expenditures of the government of India
both capital and revenue, it is called
- Budgetary deficit
* Largest public
sector bank in India is - State Bank of
India
* Loan taken by
the person not telling the purpose of taking loan is called. – Personal Loan
* In India, all
external payments are channeled through the
- RBI
* Merchants bank
do not deals in - Regular Banking
Services to General Public
* Which of the
committee was related to foreign direct investment? - NK Singh Committee
* Sugam scheme
was launched for - Small Tax Payers
STOCK MARKET
* A stock market
is also called - Equity Market
* Dalal Street
is synonymous for which stock exchange?
- Bombay Stock Exchange
* This record is
sent back to the brokerage firm - Tape
* On
recommendation of the which committee, SEBI was given the power to control and
regulate the new issues market as well as stock exchange? - Narasimhan Committee
* What is the
number of stock exchange in country? -
22
* Sale or
purchase of securities undertaken with long-term prospect relating to their
yield and price, is known as -
Investment Transaction
* Which is
Asia’s first stock exchange? - Bombay
Stock Exchange
* On the
recommendation of which committee National Stock Exchange was incorporated in
India? - Pherwani Committee
* Wholesale debt
categories trading is done in which stock exchange? - National Stock Exchange
* Which of the
institute has the sole right of issuing paper notes in India? - Reserve Bank of India
* Regulatory of
capital market is - SEBI
* What kind of
body is SEBI? - Statutory Body
* Out of
projects/reserves, money given by company to its shareholders is - Dividend
* Which is known
as Barometer of Indian capital market?
-SENSEX
* Which bank
rate is used as a global benchmark interest rate by many banks around the
world? - LIBOR
CORPORATE SECTOR
* Two new saving
bank products for children namely ‘Pehla Kadam’ and ‘Pehli Udaan’ introduced
by - State Bank of India
* Regulatory
authority for Regional Rural Bank is - RBI
and NABARD
* ‘Bank of
Rajasthan’ merged with which bank? -
ICICI Bank
* Maximum age
for retirement for MD/CEO of all private banks is - 70 years
* The Union
government has approved a proposal of which company to set-up an IT/ITeS
Special Economic Zone (SEZ) in Bengaluru, Karnataka in an area spread over 4
hectares? - Infosys
* The Private
sector bank, which launched Facebook based instant fund transfer service to
enable users to send money to friends on social medial network, is - Kotak Mahindra Bank
* Apex
institution which handles refinance for agriculture and rural development in
India - NABARD
* IT company
which will set-up local data centres in India by the end of 2015? - Microsoft
* First
multi-currency international debit card was issued in India by - State Bank of India
* Which bank opened
a lockless branch at Maharashtra to respecting the local customers? - UCO Bank
* Which was the
first bank to set-up talking ATM in India
- Union Bank of India
* Which of the
first two Indian banks allowed to open branches in Pakistan in August, 2012? - SBI and Bank of India
FINANCIAL INSTITUTION
* To solve the
problems of balance of payments of member countries, is the Function of - IMF
* UTI officially
changed into - Axis Bank
* Who will
set-up core banking infrastructure for rural banks? - NABARD
* The private
sector bank which recently allowed children above 10 years to open saving bank
accounts after SBI is - ICICI Bank
* Bharatiya
Mahila Bank Limited on November 19, 2014 launched its interest banking
facility. Name of it is - BMB Smart
Banking
* The merchant
banking activities in India are governed by which bodies? - SEBI
* SAARC is an
agency of United Nations. True or False
- False
* Which one of
the leading, nationalized bank in 2012 celebrated its 147th year of
dedicated service to the nation and has introduced interactive voice
response? - Allahabad Bank
* When ATM
installed in the bank, is out of order, it is called - Operational Risk
* Who is the CEO
of NITI Aayog? - Sindhushri Khullar
* Index of
Industrial Production (IIP) was released by
- Central Statistical Organisation (CSO)
* First bank in
India to launch EMI facility on debit cards
- ICICI Bank
PUBLIC FINANCE
* Government’s
revenue and expenditure is called -
Public Finance
* What is
compulsory payment by the citizen to the government to meet public
expenditure? - Tax Revenue
* Which tax is
borne by the person on whom it is levied?
- Direct Tax
* Which tax is
levied on book profit? - MAT
* The code
proposed by the UPA government to consolidate the law relating to the direct
taxes - Direct Tax Code
* Which tax is
extended to non-company assets? - AMT
* What is paid
by the RBI to the States, banking with its, to help them to tide over temporary
mismatches in the cash flow of their receipt and payments? - Ways and Means Advances
* Which tax is
levied on the value of the product and consumption only? - Value Added Tax
* Which tax is
levied based on value and not on weight or quantity? - Ad Valorem
* Which
commission increased the share of States in central taxes to 42%? - 14th Finance Commission
INTERNATIONAL ORGANISATION
* TRIPS and
TRIMS are associated with which organization?
- WTO
* Headquarters
of World Bank is located at - Washington
DC
* Which
International Inter-government body responsible for setting global standards
for anti-money laundering and combating financing of terrorism? - Financial Action Task Force (FATM)
* Who issues the
Global Economic Prospects Report periodically?
- World Bank
* Asian
Development Bank (ADB) was established by recommendation of which
commission? - United Nations Economic
and Social Commission for Asia and the Pacific
* Where was
SAFTA signed? - 12th SAARC
Summit
* Who coined
term BRICS? - Jim O’Neill
* Which
organization emerged with the League of Nations from the Treaty of
Versailles? - International Labour
Organisation
* Where is the headquarters
of International Finance Corporation? -
Washington DC
MISCELLANEOUS
* CRISIL is
a - Credit Rating Agency
* Which bank
launched campus wallet on April 12, 2016?
- Federal Bank
* Foreign
exchange derivative between two institutions to exchange the principal and/or
interest payments of a loan in one currency for equivalent amounts in net
present value term is - Currency Swap
* Integrated
Child Development Service (ICDS) was launched in - 1975
* What is India
ranking on Global Connectivity Index 2016?
- 44th
* Which was the
first Indian bank opened the branch outside India at London in 1946? - Bank of India
* Rashtriya
Krishi Vikas Yojana was launched in -
August, 2007
* The reserves
which can act as liquidity buffer for commercial banks during crisis times
are - CRR and SLR
* Who is on the
top bank in Ease of Doing Business 2014 report by World Bank? - Singapore
* India’s first
non-bank owned ATM (white label ATMs) opened in - Maharashtra
* The President
of World Bank is - Dr. Jim Yong Kim
* The name of
the portal to create a unified national market for agricultural commodities
is - eNAM.
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