Banking Awareness for SBI Clerks | IBPS POs

1. What are the features of Swavalamban scheme?
a) The scheme is open to any citizen of India in the unorganized sector
b) A person is deemed to be in the unorganized sector if he/she is not in regular employment central state government or an of the autonomous body/CPSU having employer assisted retirement scheme, or is not covered
c) aged between 18 to 60 years
d) All the above

2. In which RBI permitted e-KYC process under prevention of Money Laundering (Maintenance Records) Rules, 2013?
a) 2005
b) 2013
c) 2009
d) 2004 

3. What is Micro-ATM?
a) It is a biometric authentication enabled hand-held device
b) Cash counting machine
c) Cheque reader
d) DD issuing machine

4, National Disaster Management Frame work currently recognizes which type of natural calamities?
a) cyclone, drought
b) earthquake, fire, flood, tsunami
c) hailstorm, landslide, avalanche
d) cloud burst, pest attack and cold wave/frost

5. The limit of the loans extended by Non Banking Financial Company- Micro Finance Institutions (NBFC MFIs) for which the tenure of the loan shall not be less than 24 months, has been raised to from the earlier limit of 15,000- to how much?
a) Rs.20,000/-
b)Rs, 30,000
c) Rs.25,000/-
d) Rs 35,000/

6. To provide greater flexibility to State and Central Co-operative Banks (StCBs / CCBs), total Non-SLR investments shall not exceed how much of a bank as onMarch 31 of the preceding financial year?
a) 59 %
b) 10 % of the total deposits
c) 29 %
d) 69%

7. The government's collections under the Sovereign Gold Bond scheme realised through the fourth tranche reached to how much?
a) Rs 500 crores
b) around Rs 919 crore
c) Rs.600 Crores
d) Rs.800 Croes

8. Which a view to encouraging wider participation and retail holding of Treasury Bills, the Government of India, in consultation with Reserve Bank of India, has extended the non-competitive bidding facility in Treasury Bills to whom
b) The individuals
a) Share Brokers
b) LIC Agents
c) Agents
d) None

9. Demat Account Holders of which of the following are allowed to put through trades in Government Securities on the NDS-OM platform through their respective Depository Participant (DP) bank?
a) IRDAI
b) NSDL and CDSL.
c) NSE
d) RBI

10. The lending to agriculture has been defined to include which of the following?
a) Farm Credit (which will include short term crop loans and medium/long-term credit to farmers).
b) Agriculture Infrastructure
c) Ancillary Activities
d) All the above

11. Agriculture infrastructure loans are for which purpose?
a) for construction of storage facilities (ware houses, market yards, godowns and silos) including cold storage units/ cold storage chains designed to store agriculture produce/ products, irrespective of their location.
b) Soil conservation and watershed development
c) Plant tissue culture and agri-biotechnology. seed production, production of bio-pesticides, bio-fertilizer, and vermi composting
d) All the above

12. Who is called as "Marginal Farmer'?
a) Farmer with landholding of up to 1 hectare
b) 10 Acres land owner
c) 15 Acres land owner
d) 25 Acres land owner

13. Loans to individuals for educational purposes including vocational courses up to which amount (irrespective of the sanctioned amount) will be considered as eligible for priority sector?
a) Rs. 5 Lakhs
b) Rs. 10 Lakhs
c) Rs.20 Lakhs
d) Rs.25 Lakhs

14. The Reserve Bank of India will shortly issue which denomination banknotes with three additional Vrevised features in the Mahatma Gandhi Series-2005, bearing the signature of Dr. Raghuram Rajan, Governor, Reserve Bank of India, and the year of printing '2016' printed on the reverse of the banknote?
a) Rs.5/-
b) Rs.1/-
c) Rs.100/-
d) Rs.50/

15. In the abbreviation KYC, the letter C stands for what?
a) Customer
b) Cash
c) Colour
d) None of these

16. FRBM act committee is headed by whom?
a) C. Ranga Rajan
b) Raghuram Rajan
c) NK singh
d) T.S. Vijayan

17. From which date Krishi Kalyan Cess is collected?
a) 1.1.2016
b) 1.6.2016
c) 1.4.2016
d) 15.8.2016

18.  Housing Loans up to how much amount come under priority sector?
a) Loans to individuals up to Rs.28 lakh in metropolitan centres (with population of ten lakh and above) and loans up to Rs.20 lakh in other centres for purchase/construction of a dwelling unit per family provided the overall cost of the dwelling unit in the metropolitan centre and at other centres should not exceed Rs 35 lakh and Rs25 lakh, respectively
a) Upto Rs.50 Lakhs
b) Upto 60 Lakhs
c) Upto 15 Lakhs
d) None of these

19. Beneficiaries under which Government Sponsored Schemes come under priority sector.
a) National Rural Livelihood Mission (NRLM)
b) National Urban Livelihood Mission (NULM)
c) Self Employment Scheme for Rehabilitation of Manual Scavengers (SRMS)
d) All the above (borrowers will be considered under priority sector)

20. Most of the entities, maintain their holdings in Government Securities in their Subsidiary General Accounts (SGL) with the Public Debt Office of which bank?
a) SBI
b) Reserve Bank of India
c) SBH
d) SBT

21. The limit of the loans extended by Non-Banking Financial Company
Micro Finance Institutions (NBFC-MFIs) for which the tenure of the loan shall not be less than 24 months, has been raised tofrom the earlier limit of Rs. 15,000/-.
a) Rs 50,000/-
b) Rs.30,000/-
c) Rs.60,000/-
d) Rs.75,000/

22. The secondary market in Government Securities (G-Sec) predominantly comprises of whom?
a) Banks, Primary Dealers,
b) Insurance Companies, Mutual Funds.
c) Financial Institutions
d) Other institutional investors
e) All of the above

23. In the BSBDA what is the maximum amount?
a) Rs.75,000
b) Rs.50,000
c) Rs.25,000
d) Rs.10,000

24. Who will be eligible to subscribe PM Suraksha Bhima Yojana?
a) Below 40 years only
b) All savings bank account holders in the age 18 to 70 years in participating banks
c) Below 30 years only
d) Below 25 years only

25. In the abbreviation PSGICs, the letter I stands for what?

a) Insurance (Public Sector General Insurance Companies)

b) Investment
c) Interest
d) Intermediate

26. Which of the following bills are introduced in the Lok Sabha in May, 2016 seeking amendments?
a) Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act, 2002
b) the Recovery of Debts due to Banks and Financial Institutions Act, 1993
c) the Indian Stamp Act, 1899
d) the Depositories Act, 1996
e) All the above

27. What is State Bank Mingle?
a) Coin
b) It is the social banking application of SBI which enables you to perform basic official banking activities through SBI's Facebook page
c) Deposit
d) Scheme

28. Ease of doing business index is developed by?
a) World Bank
b) OECD
c) IMF
d) ILO

29. What is AEPS?

a) It is a banking product which allows online interoperable financial inclusion transaction at Pos (Micro-ATM) or Kiosk Banking through the Business Correspondent of any bank using the Aadhaar authentication
b) Food Security Scheme
c) PDS
d) None of these

30. A notable inclusion in the NUUP service is a new addition in the form of Query Service on Aadhaar Mapper (QSAM). What are the features under this scheme?
a) a user can come to know about his/her AADHAAR seeding status with the banks
b) a service that will find tremendous utility for the government's direct subsidy disbursals programme
c) Mobile banking
d) Both (a) and (b)

31. Aadhar Payments Bridge System enables which of the following?
a) Transfer of payments from Government and Government Institutions to Aadhar-enbled accounts of beneficiaries at Banks and Post Offices
a) House allotment
b) House plot allotment
c) Flat allotment
d) None of these