Important Banking Awareness Questions with Detailed Explanation for BOB/SBI PO 2017

Important Banking Awareness Questions with Detailed Explanation for BOB/SBI PO 2017
[DATED: 28th April] Important Banking Awareness Questions with Detailed Explanation for BOB/SBI PO 2017:
Dear Readers, the List of important Banking Awareness Quiz with detailed explanation for upcoming BOB/SBI PO 2017 exams was given here. Candidates those who are preparing for the exams can use this.


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1). FIMMDA stands for?
a)  Foreign Investment Markets and Derivatives Market Association
b)  Fixed Income Money Markets and Derivatives Association
c)  Fixed Income and Money Market Development Association
d)  Floating Income and Money Markets Derivative Assets
e)  None of these

2). What is Gross Domestic Product?
a)  It is the cost of production of all final goods and services made in the country.
b)  It is the cost of services made within the borders of a country in a year.
c)  It is the market value of all final goods and services made in the country.
d)  It is the market value of all final goods and services made within the borders of a country in a year.
e)  None of these

3). What is ‘financial inclusion’?
A. Easy access to bank accounts for safe parking of savings
B. Availability of cheap credits through appropriately designed loans for poor and low income households and small entrepreneur
C. Availability of basic financial products like insurance
a)  Only (A)
b)  Only (B)
c)  Only (C)
d)  Both (A) and (B)
e)  All (A), (B) and (C)

4). Which of the following rates signals the RBI’s long-term outlook on interest rates?
a)  Repo Rate
b)  Reverse Repo Rate
c)  Bank Rate
d)  SLR
e)  CRR

5). Expand the term SWIFT.
a)  Society for Worldwide International Financial Teleservices
b)  Society for Worldwide Interbank Financial Telecommunications
c)  Society for Worldwide International Financial Transfers
d)  Society for Worldwide Interbank Fiscal
e)  None of these

6). Which of the following agencies in India is responsible for computation of national income?
a)  NCAER
b)  CSO
c)  NSS
d)  RBI
e)  SBI

7). Bancassurance is known as
a)  an insurance scheme to insure bank deposits
b)  an insurance scheme exclusively for the employees of banks
c)  a composite financial service offering both banking and insurance products
d)  a bank deposit scheme exclusively for employees of insurance companies
e)  None of these.

8). Which of the following Acts was framed specially to deal more effectively with the problem of Non-Performing Assets in banking system?
a)  Companies Act
b)  Banking Regulation Act
c)  Foreign Exchange Management Act
d)  Industrial Dispute Act
e)  SARFAESI Act

9). Bridge loans refer to
a)  Loans granted to construction companies for construction of bridges
b)  Loan granted to PWD for construction of bridges over rivers
c)  Short term loan allowed by banks to their customers, pending disbursement of term loans by financial institutions
d)  Loan granted to Railway for construction of bridges
e)  None of these

10). Structure of Basel II is based on how many pillars?
a)  Two
b)  Ten
c)  Four
d)  Five
e)  Three



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