Banking + Current Affairs Questions For SBI PO
1. Recently which among the following project from India has won the United Nation Service Award 2014?
(1) Project Mobile Seva
(2) Project MGNREGA
(3) Sarv Shiksha Abhiyan
(4) Project Polio Free India
2. Recently Peter Mutharika has won the Malawi presidential election. Identify the capital of Malawi?
(1) Valletta (2) Lilongwe
(3) Ulan Bator (4) Rabat
(5) None of these
3. Recently RBI Reserve Bank of India has directed banks to convert credit balances in any inoperative foreign currency (FC) denominated deposit into Indian rupee if the former remains not in use for how many _____ years from the date of maturity of deposit?
(1) 2 years (2) 3 years
(3) 4 years (4) 5 years
(5) none of these
4. Who among the following has been appointed as the new Attorney-General of India?
(1) Mohitra Sharma (2) Nirpendra Mishra
(3) Mukul Rohatgi (4) Ashwani Kumar
(5) None of the above
5. Market regulator SEBI has proposed ‘Monitoring Agency’ to oversee possible misuse of IPO funds. Currently, companies are required to appoint such agencies only for IPOs and other public issues worth _______or more.
(1) Rs 100 cr (2) Rs 200 cr
(3) Rs 300 cr (4) Rs 400 cr
(5) Rs 500 cr
6. Statutory Liquidity Ratio (SLR) can be maintained in the following ways?
(1) Cash
(2) Gold
(3) Unencumbered approved securities
(4) All of these
(5) None of the above
(1) Cash
(2) Gold
(3) Unencumbered approved securities
(4) All of these
(5) None of the above
7. Who is the Chairman of the Technical Committee formed to make a study on improvement in Mobile Banking:
(1) Bimal Jalan
(2) Rahuram Rajan
(3) B Sambamurthy
(4) Pulak Kumar Sinha
(5) None of the above
(1) Bimal Jalan
(2) Rahuram Rajan
(3) B Sambamurthy
(4) Pulak Kumar Sinha
(5) None of the above
8. What is nomination?
(1) A facility given to depositors by the Government
(2) It confers a right to the nominee to receive payment of a deposit after death of de- positors
(3) It is a process of appointing legal heir by the depositors
(4) It is a part of will on behalf of a depositor
(5) None of the above
(1) A facility given to depositors by the Government
(2) It confers a right to the nominee to receive payment of a deposit after death of de- positors
(3) It is a process of appointing legal heir by the depositors
(4) It is a part of will on behalf of a depositor
(5) None of the above
9. Which of the following countries has been suspended from the powerful G8 grouping recently?
(1) Italy (2) Germany
(3) Russia (4) Canada
(5) None of these
10. Reserve Bank of India has included which among the following two countries in sensitive list?
(1) Hongkong and Macua
(2) North Korea and Pakistan
(3) Sri Lanka and China
(4) Bangladesh and China
(5) None of these
Answers:
1
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1
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6
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4
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2
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2
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7
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3
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3
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2
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8
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2
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4
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3
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9
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3
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5
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5
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10
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1
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Explanations of Some questions:
1. (1) "Mobile Seva" has won the most prestigious United Nations Awards and bagged Second place in the Asian and Pacific Region in the Category 3: PROMOTING WHOLE OF GOVERNMENT APPROACHES IN THE INFORMATION AGE. It is the only project from India selected as the winner this year.
his award is very unique and first of its kind to have been received by C-DAC Mumbai. The project has achieved this success due to the untiring efforts of the entire Mobile Seva team from both DeitY and C-DAC.
3. (2) The Reserve Bank of India has directed banks to: convert credit balances in any inoperative foreign currency (FC) denominated deposit into Indian rupee if the former remains not in use for three years from the date of maturity of deposit.
4. (3) Mukul Rohatgi appointed as the new 14th AG of the country. He replace G.E. Vahanvati.
6 (4) SLR is used by bankers and indicates the minimum percentage of deposits that the bank has to maintain in form of gold,cash or other approved securities. Thus, we can say that it is ratio of cash and some other approved liabilities(deposits). It regulates the credit growth in India.
6 (4) SLR is used by bankers and indicates the minimum percentage of deposits that the bank has to maintain in form of gold,cash or other approved securities. Thus, we can say that it is ratio of cash and some other approved liabilities(deposits). It regulates the credit growth in India.
Note: The main objectives for maintaining the SLR ratio are the following:
i. to control the expansion of bank credit. By changing the level of SLR, the Reserve Bank of India can increase or decrease bank credit expansion.
ii. to ensure the solvency of commercial banks.
iii. to compel the commercial banks to invest in government securities like government bonds.
7. (3) RBI appoints committee on mobile banking. B. Sambamurthy, Director, Institute for Development & Research in Banking Technology will head the committee as chairman.
10. (1) The Reserve Bank of India (RBI) has included Hong Kong and Macau in the sensitive list of countries.
Macau and Hong Kong are two Special Administrative Regions controlled by China. “Businesses in these two regions are mostly owned by the Chinese. They could easily come to India through their firms registered in Hong Kong or Macau,” said a banking source. Hong Kong, considered as a major financial centre in the world, is the Asian headquarters of many global funds and corporations.
Note: Entities from these countries are not allowed to acquire immovable property in India even for a branch office.
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