Dear Aspirants,
Welcome to Mentor for Bank Exams. One
section that can help you bagging graceful marks in these examinations is
General Awareness, that comprises of numerous sections like Banking Awareness, Static
GK, and Current Affairs. Here is the General Awareness Quiz to help you practice with the best
of latest pattern questions for the upcoming SBI PO 2019, SBI Clerk, IBPS PO,
IBPS Clerk and other bank and Insurance Exams.
1. Which is a full-service credit rating agency exclusively set up for
micro, small and medium enterprises?
a) CRISIL
b) ICRA
c) CARE
d) ONICRA
e) SMERA
Answer: E)
Explanation:
SMERA Ratings Limited (formerly SME
Rating Agency of India Ltd.) is a full service credit rating agency exclusively
set up for micro, small and medium enterprises.
2. The Banking Codes and Standards Board of India (BCSBI) was registered
as a society under the _____________ in February 2006.
a) Companies Act, 1956
b) Societies Registration Act, 1860
c) Banking Regulation Act, 1949
d) Reserve Bank of India Act, 1934
e) None of the given options is true
Answer: B)
Explanation:
The Banking Codes and Standards Board
of India was registered as a society under the Societies Registration Act, 1860
in February 2006. It functions as an independent and autonomous body.
Membership of BCSBI is voluntary and open to scheduled banks.
3. NPA is a loan or an advance where interest and/or installment of
principal remain overdue for a period of more than ______ days in respect of a
term loan.
a) 100 days
b) 30 days
c) 90 days
d) 60 days
e) 120 days
Answer: C)
Explanation:
A non performing asset (NPA) is a
loan or an advance where interest and/or installment of principal remain overdue
for a period of more than 90 days in respect of a term loan.
4. The purpose of MUDRA is to provide funding to the non-corporate small
business sector through various Last Mile Financial Institutions like-
a) Banks
b) NBFCs
c) MFIs
d) All of the above
e) None of the above
Answer: D)
Explanation:
MUDRA, which stands for Micro Units
Development & Refinance Agency Ltd, is a financial institution being set up
by Government of India for development and refinancing micro units’
enterprises. It was announced by the Hon’ble Finance Minister while presenting
the Union Budget for FY 2016. The purpose of MUDRA is to provide funding to the
non-corporate small business sector through various Last Mile Financial
Institutions like Banks, NBFCs and MFIs.
5. The International Bank for Reconstruction and Development (IBRD) is an
international financial institution that offers loans to-
a) Multinational Banks
b) Multinational Financial
Institutions
c) Middle-Income Developing Countries
d) Non-Government Organizations
e) None of the given options is true
Answer: C)
Explanation:
The International Bank for
Reconstruction and Development (IBRD) is an international financial institution
that offers loans to middle-income developing countries.
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Also: General Awareness Questions|| 07 – 02 – 2019
6. A facility under which scheduled commercial banks can borrow the
additional amount of overnight money from the Reserve Bank by dipping into
their Statutory Liquidity Ratio (SLR). It is called?
a) Repo Rate
b) Reverse Repo Rate
c) Bank Rate
d) Marginal Standing Facility (MSF)
e) Liquidity Adjustment Facility
(LAF)
Answer: D)
Explanation:
Marginal Standing Facility (MSF) is a
facility under which scheduled commercial banks can borrow additional amount of
overnight money from the Reserve Bank by dipping into their Statutory Liquidity
Ratio (SLR).
7. BCSBI was set up to ensure that the common person as a consumer of
financial services from the banking Industry is in no way at a disadvantageous
position and really gets what he/she has been promised. BCSBI stands for-?
a) Branch Codes and Standards Board
of India
b) Banking Codes and Stability Board
of India
c) Banking Codes and Standards Bank
of Industry
d) Banking Codes and Society Board of
Investment
e) Banking Codes and Standards Board
of India
Answer: E)
Explanation:
In November 2003, Reserve Bank of
India (RBI) constituted the Committee on Procedures and Performance Audit of
Public Services under the Chairmanship of Shri S.S.Tarapore (former Deputy
Governor) to address the issues relating to availability of adequate banking
services to the common person. Therefore, the Committee recommended setting up
of the Banking Codes and Standards Board of India (BCSBI). BCSBI was set up to
ensure that the common person as a consumer of financial services from the
banking Industry is in no way at a disadvantageous position and really gets
what he/she has been promised.
8. Who can set up an SEZ?
a) Private sector
b) Public sector
c) State government
d) All of the above
e) Only (A) and (B)
Answer: D)
Explanation:
Private sector, Public sector and
State government can set up Special Economic Zones (SEZs).
9. Which scheme/act has enables an expeditious and inexpensive forum to
bank customers for resolution of complaints relating to certain services
rendered by banks?
a) Reserve Bank of India Act, 1934
b) Banking Regulation Act, 1949
c) Securitization Act 2002
d) FEMA
e) Banking Ombudsman Scheme
Answer: E)
Explanation:
The Banking Ombudsman Scheme enables
an expeditious and inexpensive forum to bank customers for resolution of
complaints relating to certain services rendered by banks. The Banking
Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act,
1949 by RBI with effect from 1995.
10. The “in-principle” approval for setting up ‘small finance banks’
granted by RBI will be valid for-
a) 12 Months
b) 24 Months
c) 10 Months
d) 18 Months
e) 30 Months
Answer: D)
Explanation:
The “in-principle” approval granted
will be valid for 18 months to enable the applicants to comply with the
requirements under the Guidelines and fulfil other conditions as may be
stipulated by the RBI.
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Also: General Awareness Questions|| 06 – 02 – 2019
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Also: General Awareness Questions|| 05 – 02 – 2019
