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Banking Quiz for SBI Associate Exam

1. The permanent account number (PAN), which is an alphanumeric number allotted by the income tax department to taxpayers, consists of how many digits?
1) Seven digits
2) Eight digits
3) Nine digits
4) Ten digits
5) Eleven digits
Ans-4

2.Which of the following regulators regulates credit rating agencies in India?
1) Reserve Bank of India (RBI)
2) Securities and Exchange Board of India (SEBI)
3) Insurance Regulatory and Development Authority(IRDA)
4) Forward market commission(FMC)
5) None of these
Ans-2

3.Which of the following instruments is NOT a negotiable instrument?
1) Banknote
2) Promissory note
3) Bill of exchange
4) Cheque
5) Demand draft
Ans-1

4. Star series banknotes issued by the RBI refer to which
of the following?
1) Banknotes issued to track black money
2) Banknotes used to replace those with defective printing
3) Banknotes issued for a short period
4) Plastic notes
5) None of these
Ans-2

5. The Reserve Bank of India (RBI) has permitted some non-bank entities to set up white-label ATMs in India. Which of the following is/are among them?
1) Tata Communications Payment Solutions
2) Vakrangee
3) Muthoot Finance
4) Prizm Payment Services
5) All the above
Ans-5


6.Which of the following banks has the highest number of branches outside India?
1) HDFC Bank
2) ICICI Bank
3) Bank of Baroda
4) Indian Overseas Bank
5) Punjab National Bank
Ans-3

7. Expand the term MFI as used in banking/financial
parlance.
1) Market Finance Institution
2) Medium Finance Institution
3) Micro Finance Institution
4) Mega Finance Institution
5) None of these
Ans-3

8.Which of the following cannot be categorised as a debt instrument?
1) Loan
2) Certificate of deposit
3) Commercial paper
4) Bond
5) Stock
Ans-5

9. Banks in India normally follow a practice of providing additional interest rate on retail domestic term deposits of _________.
1) Handicaps
2) Senior citizens
3) Rural people
4) Married women
5) None of these
Ans-2

10. In the event of a bank failure, Deposit Insurance and Credit Guarantee Corporation (DICGC) protects bank deposits that are payable in India. Which of the following is not covered by DICGC?
1) Deposits of Central/State Govts
2) Current
3) Recurring
4) Fixed
5) Savings
Ans-1
1. The permanent account number (PAN), which is an alphanumeric number allotted by the income tax department to taxpayers, consists of how many digits?
1) Seven digits
2) Eight digits
3) Nine digits
4) Ten digits
5) Eleven digits
Ans-4

2.Which of the following regulators regulates credit rating agencies in India?
1) Reserve Bank of India (RBI)
2) Securities and Exchange Board of India (SEBI)
3) Insurance Regulatory and Development Authority(IRDA)
4) Forward market commission(FMC)
5) None of these
Ans-2

3.Which of the following instruments is NOT a negotiable instrument?
1) Banknote
2) Promissory note
3) Bill of exchange
4) Cheque
5) Demand draft
Ans-1

4. Star series banknotes issued by the RBI refer to which
of the following?
1) Banknotes issued to track black money
2) Banknotes used to replace those with defective printing
3) Banknotes issued for a short period
4) Plastic notes
5) None of these
Ans-2

5. The Reserve Bank of India (RBI) has permitted some non-bank entities to set up white-label ATMs in India. Which of the following is/are among them?
1) Tata Communications Payment Solutions
2) Vakrangee
3) Muthoot Finance
4) Prizm Payment Services
5) All the above
Ans-5


6.Which of the following banks has the highest number of branches outside India?
1) HDFC Bank
2) ICICI Bank
3) Bank of Baroda
4) Indian Overseas Bank
5) Punjab National Bank
Ans-3

7. Expand the term MFI as used in banking/financial
parlance.
1) Market Finance Institution
2) Medium Finance Institution
3) Micro Finance Institution
4) Mega Finance Institution
5) None of these
Ans-3

8.Which of the following cannot be categorised as a debt instrument?
1) Loan
2) Certificate of deposit
3) Commercial paper
4) Bond
5) Stock
Ans-5

9. Banks in India normally follow a practice of providing additional interest rate on retail domestic term deposits of _________.
1) Handicaps
2) Senior citizens
3) Rural people
4) Married women
5) None of these
Ans-2

10. In the event of a bank failure, Deposit Insurance and Credit Guarantee Corporation (DICGC) protects bank deposits that are payable in India. Which of the following is not covered by DICGC?
1) Deposits of Central/State Govts
2) Current
3) Recurring
4) Fixed
5) Savings
Ans-1

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