Banking Exam SBI General 5

Question 1

What is the minimum balance requirement for an SBI Basic Savings Bank Deposit (BSBD) account?

Accepted Answer

No minimum balance required

Answer

BSBD accounts require zero minimum balance, making them accessible to all segments of society.

Question 2

SBI's Treasury Operations primarily deals with:

Accepted Answer

Management of SBI's investment portfolio and money market activities

Answer

SBI Treasury manages the bank's surplus funds through investments in government securities, forex, and money markets.

Question 3

Which of the following is a money market instrument that SBI issues to raise short-term funds?

Accepted Answer

Certificate of Deposit (CD)

Answer

Banks like SBI issue Certificates of Deposit to borrow funds from institutional investors for short durations.

Question 4

SBI's MCLR (Marginal Cost of Funds based Lending Rate) is reviewed at what frequency?

Accepted Answer

Monthly

Answer

RBI mandates that banks review and publish MCLR at least on a monthly basis.

Question 5

Which SBI subsidiary provides life insurance products?

Accepted Answer

SBI Life Insurance

Answer

SBI Life Insurance Company Limited is a joint venture between SBI and BNP Paribas Cardif offering life insurance products.

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