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Banking/Financial Awareness Past month related Questions for SBI Clerk

1. US buyout giant KKR & Company become the first foreign investor to fully own an ARC in India as it received approval from the Reserve Bank of India. In the term ARC, A stands for

  1. Acount
  2. Amonut
  3. Asset
  4. Acknowledgement
  5. None of these

2. Which of the following PSBs entered into MOU with Poorti Agri Services Private Limited enabling farmers to purchase agricultural commodities such as fertilizers, pesticides, seeds, etc. provided by them?

  1. Canara Bank
  2. PNB
  3. SBI
  4. Bank of India
  5. Bank of Baroda

3. YES Bank and the European Investment Bank (EIB) are co-financing $400-million funding for renewable power generation in the country. The headquarters of EIB is based in 

  1. Manila
  2. Geneva
  3. Washington D.C.
  4. Luxembourg
  5. None of these

4. The fair trade regulator CCI has approved the scheme of amalgamation of Bharat Financial Inclusion with which of the following?

  1. HDFC Bank
  2. Bharat Petroleum Corp Ltd
  3. ICICI Prudential Ltd.
  4. IndusInd Bank
  5. Kotak Mahindra Bank

5. AU Small Finance Bank has signed an MoU with Sahaj e-Village for extending its banking service in remote areas through Business Correspondent Agent (BC) model. The headquarters of AU Small Finance Bank is ___.

  1. Pune
  2. Lucknow
  3. Jaipur
  4. Jalandhar
  5. Bengaluru

6. Which of the following countries has launched its own cryptocurrency called Petro to circumvent US-led financial sanctions?

  1. Australia
  2. China
  3. Singapore
  4. India
  5. Venezuela

7. Which of the following committees/ Task Forces was set up to suggest reforms in Banking Sector?

  1. Swaminathan Committee
  2. Narasimham Committee
  3.  Rajinder Sachar Committee
  4.  Task Force on Infrastructure
  5.  None of these

8.  The Indian Financial System Code (IFS Code) is an alphanumeric code that uniquely identifies a bank-branch participating in the two main Electronic Funds Settlement Systems in India. IFSC code consists of how many alphanumeric codes?

  1. 10
  2.  11
  3.  9
  4.  12
  5.  8

9.  What does M stand for in the term CAMELS?

  1. Maintenance
  2. Management
  3. Misappropriation
  4. Money
  5. None of these

10. ‘No Frill Accounts’ facility provided by the banks is aimed at which of the following?

  1. Students
  2. Senior citizens
  3. Current account holders
  4. Poor people
  5. All the above
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