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. Guarantee to an exporter that the importer of his goods will pay immediately for the goods ordered by him, is known as -
a) Letter of Credit
b) Cheque
c) Demand draft
d) Bill of lending
e) None of the above
2. What is Inclusive Banking?
a) Providing financial services to low income groups at an affordable cost.
b) Doing banking business in remote areas.
c) It is the amount of money reserved for the government schemes.
d) Providing financial services specially to women and children of lower income groups.
e) None of these
3. Which of the following bank is a housing finance regulator?
c) NHB
d) RBI
e) None of the above
4. With reference to Banking, what is PCR?
a) Profit, Credit Ratio
b) Provision Credit Ratio
c) Provisioning Coverage Ratio
d) Provision Cash Ratio
e) None of these
5. Which committee is related to NPA ?
a) Khanna Committee
b) L K Jha Committee
c) Mahalanobis Committee
d) C Rao Committee
e) None of the above
6. Which of the following are direct instrument to control monetary policy in India?
a) CRR
b) Repo rate
c) Bank Rate
d) LAF
e) All of the above
7. In SARFAESI Act 2002, R stands for -
a) Reconstruction
b) Random
c) Re-Asset
d) Rate
e) None of the above
8. Subprime lending means
a) making loans to people who may have difficulty maintaining the repayment schedule
b) giving loans to retired people at concessional rates
c) lending money to students who have no means of financing their own studies
d) lending to specialized banks only
e) All except 3
9. Which of the following is a manager of foreign exchange reserves ?
c) RBI
d) BSE
e) None of the above
10. Commercial Papers issued in multiples of _____
a) Rs.3 lakh
b) Rs.5 Lakh
c) Rs.1 lakh
d) Rs.2 lakh
e) None of these


1)a   2)a   3)c   4)c   5)b   6)a   7)a   8)a    9)c   10)b