Banking Questions for SBI Clerk [TEST-7]

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Banking awareness questions

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Question 1 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
What is Section 7 of the RBI Act 1934?
A
It allows RBI to buy and sell Foreign currency
B
It empowers the government to issue directions to the RBI
C
It allows the RBI to appoint its own staff
D
None
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Question 2 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which country became a full member of the Financial Action Task Force (FATF), an international body set up to combat money laundering, terrorist financing and other threats to the international financial system recently (December 2018)?
A
Myanmar
B
Sri Lanka
C
Pakistan
D
Israel
English grammar Questions answers
Question 3 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the following entities are not covered under the Banking Regulation Act 1949?
A
Public Sector banks
B
Cooperative Banks
C
Primary Agricultural Credit Society
D
All of the above
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Question 4 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The Reserve Bank of India has clarified that linking of Aadhaar to the bank account is mandatory under the Prevention of Money-Laundering (Maintenance of Records) Second Amendment Rules, 2017 published in the Official Gazette on 01st June 2017. PMLA and the Rules notified there under came into force with effect from-
A
01st July 2007
B
01st July 2006
C
01st July 2008
D
01st July 2005
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Question 5 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Who is present President of World Bank?
A
Jim Yong Kim
B
Takehiko Nakao
C
Jin Liqun
D
Roberto Azevedo
English grammar Questions answers
Question 6 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Name the person, who is Chief Executive Officer and Managing Director at Credit Information Bureau (India) Limited (CIBIL).
A
Satish Pillai
B
RS Sharma
C
Anil Kaushal
D
Rahul Khullar
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Question 7 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
MICR code is used mainly by the banking industry to ease the processing and clearance of cheques and other documents. MICR stands for
A
Magnetic Indian Character Recognition
B
Management Ink Character Recognition
C
Magnetic Ink Common Recognition
D
Magnetic Ink Character Recognition
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Question 8 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
In which of the following year, Clearing Corporation of India Limited (CCIL) was set up?
A
2003
B
2001
C
1999
D
2005
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Question 9 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
RBI included..... in the list of 'too big to fail' lenders, referred to as D-SIB or domestic systemically important bank. India's largest lender SBI and private sector major ICICI Bank was classified as D-SIBs in 2015.
A
Kotak Mahindra Bank
B
Bank of Baroda
C
Axis Bank
D
HDFC Bank
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Question 10 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The Pradhan Mantri Suraksha Bima Yojana or PMSBY is available to people in the age group..... years with a bank account who give their consent to join/ enable auto-debit on or before 31st May for the coverage period 1st June to 31st May on an annual renewal basis.
A
18 to 70 years
B
18 to 50 years
C
18 to 40 years
D
18 to 60 years
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