General Awareness Practice Test for SBI Associate Clerk Online Exam

1. What is known as the Open Market Operations of RBI?

(a) Buying and selling of stocks

(b) Auctioning of foreign exchange

(c) Trading in securities

(d) Transactions in gold

2. Which of the following is a stipulation under the Basel III norms?

(a) The total minimum capital adequacy ratio to be 9%

(b) Banks to maintain an overall minimum capital adequacy ratio of 11·5%

(c) Banks to reach the minimum capital adequacy ratio of 11·5% by 31st March, 2018

(d) Banks to maintain a capital adequacy ratio of 10% by 2013

3. Cash balances held in the currency chests are the property of which of the following?

(a) Respective banks where the currency chest is located

(b) Reserve Bank of India

(c) The government

(d) The individual bank branch

4. What was achieved by passing the Banking Companies Act, 1969?

(a) Starting of regional rural banks

(b) Nationalization of 14 commercial banks

(c) Introduction of Lead Bank scheme

(d) Introduced the concept of social control of banks

5. A bank customer could not get his grievance resolved by his bank even after referring his complaint to the designated official. Whom should he approach next?

(a) consumer protection court

(b) RBI

(c) Banking ombudsman

(d) Finance ministry

6. Which of the following schemes/facilities available in the financial markets is not meant for investment purposes?

(a) National savings certificates

(b) Infrastructure bonds

(c) Mutual funds

(d) Letter of credit

7. Small savings scheme like national savings certificates, public provident fund, monthly income schemes are popular among the salaried people. Which financial institutions manage these schemes?

(a) Public sector banks

(b) Commercial banks

(c) Post offices

(d) Cooperative banks

8. A savings account is considered to be an inoperative account if there is no operation in the account for a continuous period. What is this time period?

(a) 2 years

(b) 1 year

(c) 5 years

(d) 3 years

9. A very popular savings scheme of the post office has been withdrawn as per the current provisions. Which is that scheme?

(a) National savings certificates

(b) Kisan vikas patra

(c) Recurring deposit scheme

(d) Monthly income scheme

10. Banks permit grant of credit facilities against book debts to companies. What are these book debts?

(a) All debts due to the banks by a business enterprise

(b) All debts due by a business to suppliers/ traders other than banks

(c) Debts owing to a business arising out of the sale of goods and services to their customers on credit

(d) Amounts due on the purchase of books

Answers Key:

1. Ans : (c)
2. Ans : (c)
3. Ans : (b)
4. Ans : (b)
5. Ans : (c)
6. Ans : (d)
7. Ans : (c)
8. Ans : (a)
9. Ans : (b)
10. Ans : (c)