Top 50 Banking GK Questions for SBI Exam
Banks need liquidity to meet which of the following objectives of banking?
A. To meet deposit withdrawal
B. To fund loan demands
C. To maintain public confidence
(A) Only (A)
(B) Only (B)
(C) Only (C)
(D) Only (A) and (B)
(E) Only (B) and (C)
Correct Answer : C
Which of the following is covered in the list of services for service tax purposes?
A. Insurance/health services
B. Hotel accommodation/air travel services
C. Money changers/legal services
(A) Only (A)
(B) Only (B)
(C) Only (C)
(D) Both (A) and (C)
(E) All (A), (B) and (C)
Correct Answer : E
Banks make frequent changes in their product profile including introduction of new products etc. This is called
(A) Product Control
(B) Product enhancement
(C) Product marketing
(D) Product enrichment
(E) None of these
Correct Answer : B
FIMMDA stands for
(A) Foreign Investment Markets and Derivatives Market Association
(B) Fixed Income Money Markets and Derivatives Association
(C) Fixed Income and Money Market Development Association
(D) Floating Income and Money Markets Derivative Assets
(E) None of these
Correct Answer : B
Which of the following is the reason owing to which Government charges export duty on some export items?
(A) To get benefit from high international prices
(B) To improve the tax collection targets
(C) It is as per the international practices.
(D) To ensure the smooth availability of the items in India
(E) None of these
Correct Answer : D
Which of the following organisations issues the rules of global trade?
(A) World Bank
(B) World Trade Organisation
(C) Foreign Exchange Dealers Association
(D) Directorate General of Foreign Trade
(E) None of these
Correct Answer : B
Banks borrow money from the RBI on which of the following rates?
(A) Reverse Repo Rate
(B) Repo Rate
(C) SLR
(D) CRR
(E) Savings Rate
Correct Answer : B
What does the letter ‘M’ depict in the term SME as used in the financial world?
(A) Maximum
(B) Medium
(C) Mercantile
(D) Mutual
(E) Ministry
Correct Answer : B
Which of the following organisations provides guarantee to the exporters?
(A) Exim Bank
(B) Export Credit Guarantee Corporation
(C) Director General Foreign Trade
(D) Reserve Bank of India
(E) Registrar of companies
Correct Answer : B
What is the full form of IRR as used in banking/financial sector?
(A) Internal Rate of Return
(B) Internal Revaluation Reserve
(C) Investment Reserve Ratio
(D) Internal Risk Return
(E) None of the above
Correct Answer : A
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Rajesh Bhatia
A Writer, Teacher and GK Expert. I am an M.A. & M.Ed. in English Literature and Political Science. I am highly keen and passionate about reading Indian History. Also, I like to mentor students about how to prepare for a competitive examination. Share your concerns with me by comment box. Also, you can ask anything at linkedin.com/in/rajesh-bhatia-7395a015b/.
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