Quiz 648: Banking Awareness for SBI PO 2015


Which among the following was the first bank purely managed by Indians?
[A]Oudh Commercial Bank
[B]Punjab National Bank
[C]Bank of India

Punjab National Bank
The first Bank with Limited Liability to be managed by Indian Board was Oudh Commercial Bank. It was established in 1881 at Faizabad. This bank failed in 1958. The first bank purely managed by Indians was Punjab National Bank, established in Lahore in 1895. Reference


What term is used for maximum capital which the company can raise in its life time?
[A]Authorized Capital
[B]Registered Capital
[C]Nominal Capital
[D]All of them

All of them
Each of the above words denote the maximum capital which the company can raise in its life time.


Which among the following is NOT a pillar of Basel III?
[A]Minimum capital standards
[B]Supervisory review
[C]Market discipline
[D]Consolidation of assets

Consolidation of assets
The Basel III framework is based on 3 components called 3 pillars, which include: Pillar 1 : Minimum capital standards, Pillar 2 : Supervisory review and Pillar 3 : Market discipline.


In recent times, the term Gold ETF was making news. Which among the following closest instrument to Gold ETF?
[B]G-Sec security
[C]Mutual Fund
[D]Commercial Paper

Mutual Fund
Gold ETFs (Paper Gold) are mutual fund schemes that invest in standard gold bullion (of 99.5% purity). The value of an ETF is based on price of gold. These are alternative to owning physical gold.


Each country in the BRICS development bank has equal equity. What is the amount of this equity?
[A]10 Billion USD
[B]20 Billion USD
[C]30 Billion USD
[D]40 Billion USD

10 Billion USD
Bricks Development Bank was launched on Jul 15, 2014 by BRICS countries, at Fortaleza (Brazil) Summit. Each member has an equal equity of USD 10 Billion in this bank. Shanghai will be its headquarters.


Who among the following was the chairman of the Giro Advisory Group (GAG) ?
[A]Bimal Jalan
[B]Umesh Bellur
[C]Deepak Mohanty
[D]Prakash Tandon

Umesh Bellur
The Giro Advisory Group (GAG) was headed by Prof. Umesh Bellur, lIT Bombay. On the basis of recommendations of this group, RBI had issued guidelines for implementation of the Bharat Bill Payment System (BBPS) in November 2014. Reference


Which of the following bank has recently launched a new home loan product “Women Power” with a differential rate of interest exclusively for women customers?
[B]HDFC Bank
[C]IDBI Bank

Housing Development Finance Corporation Ltd (HDFC Ltd), has launched a Home Loan product “Women Power” with a differential rate of interest exclusively for women customers. On this product, the applicable rate of interest is 9.85% pa, which is 5 bps below its normal applicable home loan rate under the variable rate product. Women should be the Sole or Joint owner of the property and a First applicant / co-applicant to the loan.


Which among the following is a qualitative tool of monetary policy?
[A]Bank Rate
[B]Credit Ceiling
[C]Credit rationing
[D]Cash Reserve Ratio

Credit rationing
The quantitative instruments are Open Market Operations, Liquidity Adjustment Facility (Repo and Reverse Repo), Marginal Standing Facility, SLR, CRR, Bank Rate, Credit Ceiling etc. On the other hand, qualitative instruments are: credit rationing, moral suasion and direct action (by RBI on banks).


Which among the following is NOT a subsidiary of RBI?
[A]National Housing Bank
[C]Bharatiya Reserve Bank Note Mudran Private Limited

Fully Owned subsidiaries of RBI include Deposit Insurance and Credit Guarantee Corporation of India(DICGC), Bharatiya Reserve Bank Note Mudran Private Limited(BRBNMPL), National Housing Bank(NHB)


Which of the following is used to denote broad money?

Narrow Money M1 = Currency with the public + Demand Deposits of public in Banks When a third component viz. Post office Savings Deposits is also added to M1, it becomes M2. M2 = M1 + Post Office Savings. Broad Money M3 = Narrow money + Time Deposits of public with banks. Reference

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  • Dr. Partap Chahal

    No words to say praise

  • Mishti

    It is very useful for upcoming exam.thanku

  • jaity

    nice questions

  • priyanka

    extraordinary information seriously very good information

  • Soumit

    It’s Informative.. Thanks a ton.

  • Sanjay

    Really very valuable information.

  • Ashu

    Good questions .
    It is very usefull for the competitive examination.
    Mainly this is helpfull for people who dont have sufficient time to read news paper and watch news.Nice.Thankyou.

  • sudheer

    pls provide remainig banking awarness questions link i am unable to find them

  • poonam phool singh

    very very good questions .
    these are really very important for the banking point of view and for the upcoming banking exams
    pls provide more more questions.