Important Banking Awareness Quiz for SBI PO Exam Preparation Set-7

    Important Banking Awareness Quiz
    Important Banking Awareness Quiz for SBI PO Exam Preparation Set-7:
    The List of important Banking Awareness Quiz for upcoming Bank Po and Clerk exams was given here. Candidates those who are preparing for the exams can use this.

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    1).Which among the following statement is correct?
    a)   Saving deposit are the same as current deposits
    b)   The rate of interest on current account and saving accounts are same
    c)   Interest is paid on current accounts at the same rate as term deposit accounts
    d)   Normally no interest is paid on current deposit accounts

  • 2).Which of the following is known as cross selling?
    i). Sale of debit card to the credit card holder
    ii). Sale of insurance policy to a depositor
    iii). Insurance of cash against cheque presented by a third party
    a)   Only i)
    b)   Only ii)
    c)   Only iii)
    d)   All i), ii) and iii)

  • 3).If a bank returns a cheque unpaid, it is called as______.
    a)   Drawing of the cheque
    b)   Dishonor of the cheque
    c)   Payment of the cheque
    d)   Cancelling of the cheque

  • 4).Which is the first state in India to launch RBI’s e-payment system for commercial tax payers?
    a)   Punjab
    b)   Gujarat
    c)   Karnataka
    d)   Kerala

  • 5).Who is the chairman of the committee constituted by RBI to study issues and concerns in the Micro Finance Institutions (MFI) sectors?
    a)   M Damodran
    b)   C Rangrajan
    c)   Dr. K C Chakraborty
    d)   Y H Malegam

  • 6).Among the following which is known as “Demat Accounts”?
    a)   Accounts in which shares of various companies are traded in electronic form
    b)   Accounts which are operated through internet banking facility
    c)   Accounts which are Zero Balance Accounts
    d)   None of these

  • 7).NEFT stands for_______.
    a)   National Electronic Funds Transfer System
    b)   National Effective Fund Transfer System
    c)   Non Effective Fund Transfer System
    d)   Negotiated Electronic Fund Transfer Solutions

  • 8).What is the prescribed upper limit transaction through RTGS?
    a)   Rs. 5 lakh
    b)   Rs. 1 lakh
    c)   Rs. 2 lakh
    d)   No Upper Limit

  • 9).Distribution of insurance products and insurance policies by banks as corporate agents is called as_______.
    a)   Deposit Insurance
    b)   General Insurance
    c)   Bancassurance
    d)   Banking Insurance

  • 10).Banks are calculating the interest of the savings bank account on________.
    a)   Minimum balance from 10thto last day of the month
    b)   Minimum balance during the month
    c)   Maximum balance during the month
    d)   Daily product basis

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