SBI PO 2015 Current Affairs Quiz 20th,May,2015 |20th,May,2015 Current Affairs

SBI PO 2015 Current Affairs Quiz 20th,May,2015

1.In the opening of Savings Account (few other accounts also) bank ask to write Nominee name. Who shall be nominee?
1.Any person
2.Known person only
3.Female only
4.Close blood relation only
5.Account holder in that bank only

2.What are ‘Open Market Operations”?
1.Activities of SEBI­registered brokers
2.Selling of currency by the RBI
3.Selling of gilt­edged securities by the government
4.Sale of share by FIIs
5.None of these

3.“The termination of an insurance policy due to non­payment of premium” is technically called as?
1.Death
2.Lapse
3.Forfeiture
4.Seize
5.None of these

4.In regards to insurance, “A policy provision that allows a policy to be restored from a lapsed status and resume active coverage” is termed as?
1.Reaffirmation
2.Reinsurance
3.Reinstatement
4.Revocation
5.None of these

5.ASBA is a mechanism for subscribing to applications in Initial Public Offerings (IPOs). ASBA stands for
1.Application Supported by Blocked Amount
2.Application Submitted with Blocked Amount
3.Acquired Shares by Blocked Amount
4.Application Supported by Balance Amount
5.None of these

SBI PO 2015 Current Affairs Quiz 20th,May,2015 |20th,May,2015 Current Affairs

6.Consider the following with respect to the term ‘Core Inflation':
A) Core Inflation is the inflation rate of a particular basket of commodities
B) Core Inflation is the sudden increase in prices of certain items of food grains
C) Core inflation is caused by supply shock in certain essential commodities
1.Only A
2.Only B
3.Only C
4.Only A and B
5.None of these

7.Consider the following statements with respect to IFSC code used in Banking System:
A) IFSC Stands for Indian Financial System Code
B) It is an 11­digit alphanumeric Unique Code
C) IFSC is used be the NEFT system to route the message to the destination banks/branches.
1.Only A
2.Only B
3.Only C
4.Only B and C
5.All A, B and C

8.The Public Sector Banks are banks where a majority state is held by the Government. Which
of the following banks is the second largest Public sector banks among the 236 PSBs in India
in terms of Profit?
1.Bank of India
2.Punjab National Bank
3.Bank of Baroda
4.Central Bank of India
5.Canara Bank

9.Which of the following terms is used in the field of banking and finance?
1.Investment
2.Genetics
3.Resistance
4.Metabolic Reaction
5.None of these

10.When a bank returns a cheque unpaid, it is called?
1.Payment of cheque
2.Dishonor of cheque
3.Cancelling of cheque
4.Drawing of cheque
5.None of these

11.The usual deposit accounts of banks are
1.Current Accounts, Insurance Premium Account and Electricity accounts
2.Current Accounts, Post office Savings account and Term deposit accounts
3.Loan Accounts, Term Deposit accounts and Savings Account
4.Term Deposit accounts, Current Accounts and Savings Account
5.Current bill accounts and term deposit account

12.Accounts are allowed to operated by Cheques in respect of
1.Both Savings Accounts and Fixed Deposit accounts
2.Savings account and Current Accounts
3.Both Savings and Loan Accounts
4.Both savings bank accounts and cash accounts only
5.Both current account and fixed deposit accounts

13.Interest Rate payable on Saving Bank account is
1.regulated by RBI
2.regulated by State Government
3.regulated by Central Government
4.not regulated by RBI
5.regulated by Finance Ministry

14.Which of the following statement is true about Bank?
1.Banks cannot accept demand and time deposit from Public
2.Banks can accept only demand deposit from public
3.Banks can accept only time deposit from public
4.Banks can accept both demand and time deposit from Public
5.Banks can accept demand and time deposit from Government only

15.Which of the following is a foreign bank having branches in India?
1.HDFC Bank
2.ICICI Bank
3.Yes Bank
4.Standard Chartered Bank
5.Syndicate Bank

Answers :
15.(4)
4.(4)
13.(4)
12.(2)
11.(4)
10.(2)
9.(1)
8.(3)
7.(5)
6.(1)
5.(1)
4.(3)
3.(2)
2.(3)
1.(4)