SBI CLERKS IMPORTANT QUESTION ASKING GK

Q 1. What will happen if there is an increase in Cash Reserve Ratio (CRR)?
A. Their will be a decrease in lendable resources
Q 2. Why Reserve Bank of India (RBI) also known as lender of last resort?
A. As RBI is also known as Banker of Banks, it provides emergency advances to the banks during the time of crisis.
Q 3. Whenever a bank returns a cheque unpaid, then what that cheque is called?
A. Dishonour Cheque
Q 4. Which is the third largest public sector bank of India?
A. Punjab National Bank (PNB), whereas Bank of Broda stood 2nd and SBI on 1st position.
Q 5. What does ASBA stands for?
A. Application Supported by Blocked Amount
Q 6. In which year RBI announced Banking Ombudsman scheme?
A. 1995
Q 7. What is the percentage of Foreign Direct Investment (FDI) in private sector banks?
A. 74%
Q 8. How many directors are associated with reserve Bank of India?
A. 20
Q 9. Which policy is adopted by RBI during Inflation?
A. Dear Money Policy
Q 10. What is the main function of World Bank?
A. To promote the growth of international trade
Q 11. Which negotiable instruments can be crossed to banks?
A. Bill of Exchange
Q 12. Which act is associated with problem of Non Performing Assets?
A. Banking Regulation Act, 1949
Q 13. Savings account is also known as?
A. Common man account
Q 14. What are linked accounts?
A. Accounts which are linked together within a same bank fir transferring money electronically.
Q 15. Why banking ombudsman scheme launched?
A. The scheme was announced to resolve customer complaints with the services of banks.
Q 16. Why KYC is launched by RBI?
A. RBI announced Know Your Customer (KYC) to ensure the correct identity of the customer.
Q 17. Goods and Services Tax would replace which tax?
A. Value Added Tax
Q 18. What does FRBM stands for?
A. Fiscal Responsibility and Budget Management

1. Shri Mukul Roy who was inducted in the union cabinet belongs to which of the following political GKparties?
1) Communist party(M)
2) Samajwadi party
3) All India Trinamool Congress
4) Congress(I)
5) Janatha Dal

2. Providing bank finance to Self Help Groups(SHGs) is considered a part of
1) Micro Credit
2) Agricultural Finance
3) Mobile Banking
4) Rural Bnking
5) None of these

3. Which of the following is a function of Reserve Bank of India?
1) Issuing Kisan Credit Cards
2) Issuing Aadhar Cards
3) Acting as Banker’s bank
4) Deciding the slabs of personnel income tax
5) Issuing National Saving Certificates

4. ‘The only way that Greece can survive is to dramatically boost trade with turkey was the headlinein the major newspaper. Why turkey has to advice to Greece like this?
1) Greece is passing through an economic crisis . Turkey wants to help it by more imports
2) Turkey which is power full nation, has attacked Greece to settle a long pending border dispute with it
3) Greece and Turkey are partners in a plan launched by IMF to rescue Greece from economic crisis.
4) Greece has refused to honour an old trade agreement with turkey. Hence, Turkey is threating Greece.
5) Turkey’s survival depends on Greece

5. Who among the following represented india in conventional Indo-Russia meet organized in December 2011?
1) Mrs Prathiba Patil
2) Smt Sonia Gandhi
3) Mr S M Krishna
4) Mr P Chidambaram
5) None of these

6. Which of the following is the purpose of creating Eurozone Financial Stability facility (EFSF) created by the European union (EU)
1) To provide financial aid to member countries in case of crisis
2) To ensure that the EURO does not get depreciated against Pound Sterling and/or yen
3) To ensure that no non-Euro Member country enters into any currency swap agreement with euro members
4) To ensure that there is no shortage of essential goods and food products in euro zone countries
5) To pressure UK to adopt Euro as its official currency

7. Which of the following countries had shown interest in purchasing nuclear reactors from India?
1) Russia
2) China
3) Turkey
4) Kazakhstan
5) Bangladesh

8. Which of the following countries has launched a new index – comparative rating index of Sovereigns (CRIS)
1.USA
2.India
3.Japan
4.Britain

9) Which of the following is the literacy rate in India as per new data released by the census commission ?
1.60%
2.68%
3.70%
4.75%
5.83%

10) Which of the following countries in India neighbourhood has agreed that Indians staying in the border areas will be allowed to visit upto 16km. inside its boundary without obtaining visa/permits ?
1.Bangladesh
2.Nepal
3.China
4.Myanmar
5.Pakistan

11. Sheik hasina who was on a two day visit to Tripura in January 2012, is the present _____
1.President of Bangladesh
2.Prime Minister of Bangladesh
3.President of Indonesia
4.Prime Minister of Indonesia
5.None of these

12. Who among the following is designated as the next Army general of India and will take charge in July 2012?
1.Gen V K singh
2.Gen Bikram Singh
3.Gen Deepak Kapoor
4.Gen JoginderJ. Singh
5.None of these

13. Who among the following is the minister of Foreign Affairs of India at present?
1.Dr. Manmohan Singh
2.Shri Kapil Sibal
3.Shri Kamal Nath
4.Shri S.M. Krishna
5.None of these

14. India got Olympic 2012 berth in Hockey after defeating which of the following countries in qualifying rounds held in February 2012?
1.Pakistan
2.France
3.Spain
4.England
5.S Korea

15) Who among the following won the Australian Open 2012, Mens singles title?
1.David Ferrer
2.Rafael Nadal
3.Novak Djokovic
4.Leander Paes
5.Radek Stepanek

16) Who among the following won the Best actress award in 57th Film Fare Awards function held in January 2012?
1.Vidya balan
2.Priyanka chopra
3.Rani Mukherjee
4.Neha Dhupia

17) Anup Jalota who was awarded Padmashri in 2012, is a well known ____
1.Industrialist
2.Medical professional
3.Social worker
4.Playback singer
5.Politician

18) The members of the rajya sabha are elected for a period of _____
1.4 years
2.5 years
3.6 years
4.2 ½ years
5.Till the age of 65

19) Who represented India in 17th Summit of South Asian Association for Regional Corporation (SAARC) held in November 2011 in Maldives?
1.Smt Pratibha Patil
2.Smt Sonia Gandhi
3.Dr Manmohan Singh
4.Shri Pranab Nukherjee
5.Shri P Chidambaram

20) Victoria Azarenka’s name was in news recently. She is well known ______
1.Cine actress
2.Lawn Tennis Player
3.Author
4.Politician of Spain
5.Chess Player

21) Which among the following agencies/organisations will act as the regulator of micro-finance Institutions in India?
1.RBI
2.NABARD
3.SIDBI
4.SEBI
5.IBA

22) The 3rd summit of BRICS was organized in 2011 in ____
1.China
2.India
3.Brazil
4.South Africa
5.Russia

23) Which of the following day is observed as “ world population Day” every year?
1.11th March
2.11th july
3.11th August
4.10th januuary
5.10th july

24) The 38th Summit of ‘G-8’is being organised in which of the following countries in May 2012?
1)Canada
2) Germany
3) China
4)France
5)USA

25) What is the bank rate at present?
1.5%
2.5.5%
3.6%
4.6.5%
5.None of these
26) Which of the following schemes/programmes is launched to develop rural infrastructure in India?
1.MG national Rural Employment Guarantee Act
2.Bharat Nirman
3.Pradhan Mantri Gram Sadak Yojana
4.Total Sanitation campaign
5.Indira Awas Yojana

27) Which of the following terms is not used in the field of banking and finance?
1.Real Time Gross Settlement
2.Special drawing Rights
3.Ways and means advance
4.Amplitude
5.Open market operations

28) Who among the following is the winner of Pulizer prize for literature in 2011?
1.Bob Dylan
2.Hank Williams
3.Janathan Dee
4.Lee C. Bollinger
5.Jennifer Egan

29) Who among the following is the chief election commissioner of India at present?
1.Shri Navin Chawla
2.Shri S.V. Qurashi
3.Shri Ajit Seth
4.Shri Vinod Rai
5.None of these

30) Which of the following is true “about the Railway Budget 2012-13 finally passed by the parliament?
1.No hike in passenger fares upto 3rd AC
2.30 new trains introduced on Delhi/Mumbai route
3.Three new Shatabdi trains introduced last year withdrawn
4.A new zone created as central railway divided in two zones South Central and Central Main
5.All of these

31) Which of the following countries is NOT a member of organization of the petroleum ExportingCountries (OPEC)?
1.Angola
2.Libya
3.Bangladesh
4.Venezula
5.Qatar

32) Which of the following books is written by Vikram Seth?
1.The golden gate
2.A peer into the past
3.Between the lines’
4.City of joy
5.Revolution 2020

33) Which of the following awards is given for contribution in the field of literature?
1.Kriti chakra
2.Jamnalal bajaj Award
3.S S Bhatnagar Award
4.Saraswati Award
5.Kalidas Samman

34) Which of the following combinations of the states and their chief ministers is NOT correct?
1.Uttar Pradesh – Akhilesh yadav
2.Rajasthan – ashok Gehlot
3.Himachal Pradesh – Shanta Kumar
4.West Bengal – Mamta Bneerjee
5.All are correct

35) Which of the following terms is NOT used in the game of cricket?
1.Bouncer
2.Hit Wicket
3.Cover Point
4.Leg Spinner
5.Jockey

36) Which of the following is the unit of work?
1.Ohm
2.Ampere
3.Coulomb
4.Newton
5.Joule

37) When the Expenditure of the Government exceeds the revenue, the difference of balancebetween the two is called _________
1.Balance of payment
2.Deflation
3.Devaluation
4.Budget deficit
5.Depreciation

38) What does the letter ‘C’ denote in the term ‘ECB’ as used in the banking and financial operations?
1.Cartel
2.Credit
3.Control
4.Caution
5.Commercial

39) Who among the following is the secretary of state of USA at present?
1.Mr Barak Obama
2.Mr Jean Claude
3.Mrs Hillary Clinton
4.Mr David Cameron
5.None of these

40) Which of the following cups/trophies is used in the game of Lawn tennis?
1.Duleep Trophy
2.DCM Trophy
3.Ryder Cup
4.Merdela Cup
5.Wimbledon Cup