FREE Banking Exam SBI General Question and Answers

Question 1

Which of the following is not acceptable as address verification for a person opening a bank account?

Accepted Answer

Letter from any recognized public authority

Answer

Other than those gives as options.

Answer

Domicile certificate

Answer

A rent agreement indicating the address of the customer duly registered with State Govt.

Question 2

How many digits are there in the IFSC code?

Accepted Answer

11

Answer

7

Answer

9

Answer

15

Question 3

What is the name of the savings bank account that is inactive for more than 24 months?

Accepted Answer

Dormat account

Answer

Inactive account

Answer

Inoperative account

Answer

Demat account

Answer

None of these

Question 4

The National Investment and Infrastructure Fund (NIIF) was created in accordance with

Accepted Answer

SEBI

Answer

IMF

Answer

World Bank

Answer

Department of Industrial Policy and Promotion (DIPP)

Question 5

Which of the following organizations serves as the nodal agency for licensing e-commerce businesses (including foreign ones)?

Accepted Answer

Department of Industrial Policy and Promotion (DIPP)

Answer

SEBI

Answer

Reserve Bank of India(RBI)

Answer

Foreign Investment Promotion Board (FIPB)

Question 6

National Electronic Fund Transfer, or NEFT, can be used to

Accepted Answer

Account holders

Answer

Non-Account holders

Answer

DEMAT Account holders

Answer

All of the above

Question 7

The Department of Divestment is now known as DIPAM by the Union Government of India. What does "A" in DIPAM stand for?

Accepted Answer

Asset

Answer

Audit

Answer

Amount

Answer

Account

Answer

None of these

Question 8

How much may a user send through Immediate Payment Services (IMPS) at one time?

Accepted Answer

Rs. 2,00,000

Answer

Rs. 5,00,000

Answer

Rs. 4,00,000

Answer

Rs. 3,00,000

Answer

Rs. 1,00,000

Question 9

Which of the following organizations serves as the Unstructured Supplementary Service Data (USSD) Service nodal agency?

Accepted Answer

NPCI

Answer

SEBI

Answer

FBI

Answer

RBI

Answer

SBI

Question 10

The SDR is calculated using a basket of five different foreign currencies. Among the five currencies are

Accepted Answer

US Dollar, Euro, Yen, Pound and Yuan

Answer

US Dollar, Euro, Rubble, Pound and Yuan

Answer

US Dollar, Euro, Yen, Pound and Dinar

Answer

US Dollar, Euro, Yen, Pound and Australian Dollar

Answer

None of these