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Last 5 Year Banking Awareness Questions - SBI Clerk Free E-Book

Banking Awareness Questions Asked

In SBI Clerk for Last 5 Years

Banking Awareness has a high share of all questions asked in General Awareness section of
Banking Exams in the country. Banking Awareness includes questions related to the history of
banks in India, Banking Institutions, banking terms and the functions and role of the banking
industry in the financial system of the country.

To help you prepare well for this section, we are presenting the Banking Awareness
Questions asked in the last 5 years of SBI Clerk Exam. This will help you to understand the
type of questions asked and focus on important topics and events in the banking industry. So
let’s get started with the questions.

1. Where is the headquarter of Federal Bank?

Ans- Aluva , Kochi (Kerala).

2. IPPB (India Post Payment Bank) established in which year?

Ans- 2018

3. What is the Share of Central Government in RRB (Regional Rural Banks)?

Ans- Central govt. = 50%, State govt = 15% Sponsor Bank= 35%

4. Atal Pension Yojana is regulated by which authority?

Ans- PFRDA (Pension Fund Regulatory & Development Authority)

5. The company which manage Assets is called?

Ans- Asset Management company

6. MUDRA is subsidiary of which Bank?

Ans- SIDBI (Small Industries and Development Bank of India)

7. What is the minimum paid up capital for Retail banking under New Umbrella Entity?
Ans- 500 crore

8. Oriental Bank merged with which bank?

Ans- Punjab National Bank

9. How many Deputy Governors are there in RBI?

Ans- 4

10. First White Label ATM Launched by which company?

Ans- Tata Communications Payment Solutions Limited.
Last 5 Year Banking Awareness Questions - SBI Clerk Free E-Book

11. What is the stake of RIL (Reliance Industries Ltd) in Jio Payment banks?
Ans- 70%

12. Full form of CFT?

Ans- Combating the Financing of Terrorism.

13. Total Expenditure – Total Receipts excluding borrowings?

Ans- Fiscal Deficit.

14. How many associates merged in SBI (State Bank Of India)?

Ans- 5

15. FEMA stands for.........?

Ans- Foreign Exchange Management Act 1999

16. What is the full form of AI?

Ans – Artificial Intelligence

17. The Reserve Bank of India has decided to introduced from January 1, 2021, "the positive
pay system" for....?
Ans- Cheque Truncation

18. What is the Stake of SBI in Jio Payments Bank?

Ans- 30%

19. What is the full form of SFIO?

Ans- Serious Fraud Investigation Office.

20. First Foreign Bank to operate in GIFT City in Gujarat?

Ans- Standard Chartered.

21. TN Manoharan Committee was formed by?

Ans- RBI

22. Name the new Yojana formed in Union Budget for fisheries.
Ans- Pradhan Mantri Matsya Sampada Yojana (PMMSY).

23. New Organization formed for Research Sector is?

Ans- National Research Foundation.

24. What is the amount of MUDRA Loan given to SHG Women for a year?
Ans- 1 Lakh
Last 5 Year Banking Awareness Questions - SBI Clerk Free E-Book

25. 25% Corporate Tax will be applied on Companies having Annual Turnover?
Ans- Rs 400 crore.

26. What is the Full form of PCR?

Ans- Public Credit Registry.

27. TDS of 2% will be given for transactions up to?

Ans- 1 crore.

28. PM Karam Yogi Man-Dhan Yojana is applicable on?

Ans- Shopkeepers having Annual Turnover less than- 1.5 Crore.

29. Housing Finance Companies Regulator is?

Ans- RBI

30. Elephant Bond is related to which Sector?

Ans- Infrastructure Sector.

31. As per Pradhan Mantri Matru Vandana Yojana, amount to be given to women?
Ans- Rs 5000

32. The government will charge a two per cent tax if aggregate cash withdrawal from one or
more accounts exceeds ____________?
Ans- 1 crore.

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Last 5 Year Banking Awareness Questions - SBI Clerk Free E-Book

33. Full-Form of A in FBA?

Ans- Financial Benchmark Administrator.

34. What “R” stands in LRS?

Ans- Liberalised Remittance Scheme.

35. AIIB Headquarters?

Ans- Beijing, China.

36. What “C” stands in CBLO?

Ans- Collateralized Borrowing and Lending Obligation.

37. What is the full form of PMVVY?

Ans- 'The Pradhan Mantri Vaya Vandana Yojana' Pension Scheme.

38. What “L” stands in PMLA?

Ans- Prevention of Money Laundering Act 2002.

39. What does “F” stands for PFMS?

Ans- Public Financial Management System.

40. What is MCLR?

Ans- Marginal Cost of Funds Based Lending Rate.

41. FCNR (Foreign Currency Non Resident) account is considered as?

Ans- Fixed Deposit Account.

42. What is IRDAI?

Ans- Insurance Regulatory and Development Authority of India.

43. The relationship between the bank and locker hirer is in the nature of?
Ans – Lessor (Bank) And Lessee (Customer/ Hirer of locker).

Similar terms - Bailor and Bailee.

>> When a customer gives a sealed box to the bank for safe keeping, the bank became
Bailor & customer became Bailee.

44. Which Bank of India maintains the Principal Accounts of Central as well as State
Governments at its Central Accounts Section?
Ans- RBI

45. __________ is an electronic fund transfer system that operates on a Deferred Net
Settlement (DNS) basis which settles transactions in batches.
Ans – NEFT (National Electronic Funds Transfer).
Last 5 Year Banking Awareness Questions - SBI Clerk Free E-Book

46. PSLCs are tradable certificates issued against priority sector loans of banks. What does
meaning of “Cs” in PSLCs?
Ans- Certificates (PSLCs – Priority Sector Lending Certificates)

47. The Central Office of the Reserve Bank was initially established in Calcutta (now Kolkata)
but was permanently moved to Mumbai in?
Ans- 1937.

48. Bank of Rajasthan was merged with which private sector bank?
Ans- ICICI Bank

49. Which bank has the highest Willful defaulter?

Ans- SBI (ABG Shipyard Ltd, RS 1875 Cr).

50. The selling of life assurance and other insurance products and services by banking
institutions is known as?
Ans- Bancassurance.
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