Banking Awareness Quiz for SBI PO

Dear Readers,
Welcome to Mentor for Bank Exams. Here I am presenting questions some important questions on Banking Awareness which are most important for upcoming bank exams like SBI PO, IBPS PO, IBPS RRB and other bank exams. Kindly make use of these!!!

1. The drawee of a cheque is always a
a) customer
b) paying banker
c) collecting banker
d) payee
e) None of these
2. How many banks were nationalised in 1969?
a) 12
b) 19
c) 6
d) 14
e) 20
3. What is the deficit budget called, in which the deficits are covered through taxes?
a) Unbalanced Budget
b) Balanced Budget
c) Capital Budget
d) Expenditure Budget
e) None of these
4. Bank holidays are declared under ______
a) Banking Regulation Act
b) RBI Act
c) SEBI Act
d) Negotiable Instruments Act
e) None of these
5. Which of the following statements is/are&nbsp; TRUE about Foreign Direct Investment?</P>
A) It is direct investment into production in a country by a company in another country
B) It is done by expanding operations of an existing business in that country
C) It is done for many reasons including to take advantage of high wages
a) Only A
b) All A, B and C
c) B and C
d) A and B
e) Only C
6. Which of the following are not correctly matched?
a) Global Competitive Index – World Economic Forum
b) World Investment Report – World Bank
c) World Economic Outlook – IMF
d) Human Development Index – United Nation Development Programme
e) All are correct
7. What is the name of the committee constituted by Government of India to review the Fiscal Responsibility and Budget Management (FRBM) Act?
a) RM Lodha
b) Mukul Mudhgal
c) NK Singh
d) Radha Krishna
e) None of these
8. DeMat account are generally held by people who –
a) have big business
b) deal in life insurance policies
c) want to loans from foreign banks
d) deal in shares
e) want to acquire business abroad
9. The Reserve Bank of India unveiled draft guidelines for applicants of universal bank licenses in May 2016. What should be the minimum net worth the bank should maintain at all times?
a) 10 crore
b) 50 crore
c) 100 crore
d) 250 crore
e) 500 crore
10. Article 112 of the constitution of India is related to –
a) Budget
b) Financial Emergency
c) National Emergency
d) State budget
e) None of these


1)b   2)d   3)a   4)d   5)d   6)b (World Investment Report – UNCTAD)  7)c   8)d   9)e   10)a