Banking Awareness For SBI Associates Clerks Exam

1. Which of the following is not a tool in the hands of RBI to control the inflationary pressure in the country ?

(1) Bank Rate (BR)

(2) Special Drawing Rights (SDR)

(3) Statutory Liquidity Ratio (SLR)

(4) Cash Reserve Ratio (CRR)

(5) None of these

2. Which of the following tool is used frequently by the RBI to control credit and monetary situations of the markets in the country?

(1) Cash Reserve Ratio

(2) Real Time Gross Settlement (RTGS)

(3) Balance of Trade

(4) Forward Trade Agreements

(5) Electronic Clearing Service

3. Which among the following organization has got the principal approval from the Reserve Bank of India (RBI) for establishing as well as operating White Label ATMs (WLAs)?

(1) Muthoot Finance

(2) Union Bank of India

(3) LIC (Life Corporation of India)

(4) NICL (National Insurance Company Limited)

(5) None of these

4. Present minimum & maximum limit for RTGS transactions is ____.

(1) Rs.50000, Rs 200000

(2) Rs. 1 lac, No Limit

(3) Rs. 2 lac, Rs 5 lac

(4) Rs.5 lac, Rs 10 lac

(5) Rs. 2 lac, No Limit

5. The Reserve Bank of India (RBI) constituted a working group to examine various issues concerning the deposit rates, including floating rate of interest on fixed deposits under the chairmanship of:

(1) SS Kohli 

(2) Dalbir Singh

(3) HN Sinor 

(4) RK Talwar

(5) None of these

6. The maximum amount of the total revenue earned by the government of India comes from-

(1) Income Tax 

(2) Customs Duty

(3) Excise Duty 

(4) VAT

(5) Corporate Tax

7. Recently RBI launch Inflation Indexed Bonds (IIBs) to stop away investors from gold to paper-based savings instruments. What is the maturity period these bonds?

(1) 5 years 

(2) 10 years

(3) 6 years 

(4) 7 years

(5) None of these

8. In order to promote lending to priority sectors, the Reserve Bank has allowed urban co-operative banks (UCBs) to grant unsecured loans up to how much percent of their assets?

(1) 5 % 

(2) 10%

(3) 15% 

(4) 20%

(5) 25%

9. Government has extended the term of which among the following Deputy Governor of the RBI?

(1) Ujjwal Patel 

(2) Subir Gokaran

(3) HR Khan 

(4) Anand Sinha

(5) None of these

10. RBI Provides ____ for meeting day - to - day receipt and expenditure mismatch to both Central and State Governments.

1) Treasury bills

2) Ways and Means advance

3) Date and securities

4) All the above

5) None of these

11. The maximum number of withdrawals permitted in a savings account, half yearly is__?

(1) 90 

(2) 60

(3) 50 

(4) 110

(5) None of these

12. The Capital Account Convertibility of the Indian rupee refers to:

(1) That the Indian rupee can be exchanged for the US dollar for international trade in goods and service

(2) That the Indian rupee can be exchanged for any major currency for the purpose of trading financial assets

(3) That the Indian rupee can be exchanged by the authorized dealer for travel purpose

(4) That the Indian rupee can be exchanged for any major currency for the purpose of trade in goods and services

(5) None of the above

13. Fiscal Responsibility and Budget Management Act (FRBM) concerns:

I. Fiscal Deficit

II. Balance of Payment

III. Revenue Deficit

(1) Only I

(2) Only II

(3) I & II 

(4) I & III

(5) All of these

14. Which of the principal institution for promotion, financing and development of small scale industries in the country?

(1) RBI 

(2) SBI

(3) IDBI 

(4) SIDBI

(5) None of these

15. Which of the following instruments of credit control adopted by the Reserve Bank of India (RBI) does not fall within ‘general’ or ‘quantitative’ methods of credit control?

(1) Stipulation of certain minimum margin in respect of advance against specified commodities

(2) Open market operations

(3) Bank rate

(4) Variable reserve requirement

(5) None of these

Answers Key:

1. 2 
2. 1 
3. 1 
4. 5 
5. 3 
6. 5 
7. 1 
8. 5 
9. 4 
10. 2 
11. 3.
12. 4 
13. 4 
14. 4 
15. 1 

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