Banking Awareness Quiz  for SBI PO Mains – 97

1) Upper Limit prescribed for “Real Time Gross Settlement” [RTGS] transaction is ______________

a) ₹ 1 Lakh

b) ₹ 2 Lakh

c) ₹ 5 Lakh

d) ₹ 10 Lakh

e) No upper limit

2) SIP stands for “Systematic Investment Plan”. SIP is associated with _____________

a) Recurring Deposit Schemes

b) Insurance Schemes

c) Mutual Fund Schemes

d) Pension Fund Schemes

e) Small Savings Schemes

3) Which of the following is the first “Limited Liability Bank” in India?

a) Hindustan Bank

b) Punjab National Bank

c) Oudh Commercial Bank

d) State Bank of India

e) Allahabad Bank

4  Which of the following is not an objective of fiscal policy?

a) Complete Employment

b) Inter state regulation

c) Price stability

d) Equal distribution of income and property

e) None of these

5  What is the difference between all receipts and expenditure of the Govt of India both capital and revenue known as?

a) Revenue Deficit

b) Budgetary Deficit

c) Zero Budgeting

d) Zero Budgeting

e) None of these

6  Which of the following survey is presented every year, just before the Union Budget?  

a) Development Survey

b) Finance Survey

c) Economic Survey

d) Financial Development Survey 

e) None of these

7  Which among the following accounts deposit fetch the lowest rate of interest?

a) Savings deposit

b) Recurring deposit

c) Fixed deposit

d) Current account deposit

e) PPF

8  Under MSME Act 2006 the investment limit for micro enterprise in manufacturing sector is-

a) Below Rs. 10 lakh

b) Below Rs. 25 lakh

c) Rs. 55 lakh

d) Rs. 120 crore

e) Rs. 60 Lakhs

9  What is the validity period of a cheque?

a) 6 months

b) 12 months

c) 3 months

d) 8 months

e) 1 months

10  Customer has been defined in which of the given act?  

a) Motor Vehicle Act

b) KYC guidelines

c) Banking Regulation Act         

d) Negotiable Instruments Act          

e) Anti-Money Laundering Act