SBI General Awareness Questions

1. Of the following statements which one is correct regarding R.B.I?
1. R.B.I is the apex institution of country’s monetary system and financial system
2. It was established under R.B.I Act 1934 and was established on 1 APR 1935
3. Its initial fully paid up capital was Rs.5 crores
4. Its first head office was established at Kolkatha (in those days Calcutta) and in 1937 it was shifted to Mumbai (in those days Bombay) 5. All of above

2. State Bank of India has subsidiaries. Pick up the incorrect one among them?
1. SBI Capital Markets 2. SBICAP Securities
3. SBI DFHI 4. SBI Real Estates
5. SBI Life

3. Which Bank in India opened INDIA’S FIRST OFFSHORE BANKING UNIT?
1. SBH 2. ICICI 3. SBI 4. Axis 5. Bank of Baroda

4. Which among the following statements is wrong related to World Bank?
1. Its real name is International Bank for Reconstruction and Development (IBRD)
2. The World Bank was created following the ratification of the United Nations Monetary and Financial Conference Bretton Woods
agreement. It was established in 1945.
3. IBRD head quarters is at New York
4. From 60’s to 80’s the World Bank gave loans on poverty alleviation
5. From 80’s to 90’s main focus on debt management and structural management

5. News papers, magazines, Economists call RBI with many names. Pick up wrong one?
1. Apex Bank
2. Government’s Bank
3. Banker’s bank
4. India’s world bank
5. Topbank

6. Surabhi deposit scheme details are given below. Pick up incorrect statement?
a) This scheme initiated by State Bank of India
b) Usually this account cover non-individual customers like Corporate, Institutions, and PF Funds etc
c) Who have surplus funds for investments, but at the same time need the convenience of liquidity, can opt this deposit scheme
d) If anybody wants to open this scheme they should get prior permission from R.B.I
1. a 2. b 3. c 4. d 5. All of above

7. For financial inclusion and to facilitate lowincome group customers, Which SBI subsidiary inaugurated NO FRILLS ACCOUNT
by name ‘Saral Bachat Khata’?
1. State Bank of Bikaner and Jaipur
2. State Bank of Hyderabad
3. State Bank of Mysore
4. State Bank of Travancore
5. State Bank of Patiala

8. Rastriya Krishi Bima Yojna was introduced in Kharif 1999. Bring out the correct statements?
a) This Scheme is administered by Agriculture Insurance Corporation which is promoted by NABARD, GIC and 4 public sector
Insurance Companies
b) It proposes that Government of India will underwrite the losses of the companies rather than subsiding the premia by state and central governments
c) It covers all the crops weather food crops, oil crops horticultural crops or even commercial crops
d) The state governments pay Rs. 1000 on behalf of the farmers to Agriculture Insurance Corporation every month
e) India and Israel co-operate in Agriculture insurance
1. a b c d e 2. a b c d 3. a b c 4. a b d 5. a c d e

9. Which facts are true about the relation between the development of roads and poverty in India?
a) World Bank has been supporting India’s rural connectivity programme— Pradhan Mantri Gram Sadak Yojana (PMGSY)
b) It aids projects in several places like Himachal Pradesh, Rajasthan, Jharkhand and Uttar Pradesh
c) Over the years, World Bank’s concessionary lending arm International Development Association (IDA) has supported many
rural roads projects, both stand alone and components of larger projects
d) IDA said adding every Rs 10 lakh spent on rural roads has helped lift 163 people out of poverty.
e) Pradhan Mantri Grameen Sadak Yojana (PMGSY), which targets to connect villages with a population of 1,000, has got an allocation of Rs 9,995 crore in 2010-2011 budget as against 2009-10 revised allocation of Rs 9,475 crore
f) India is the poorest country among the SAARC countries after Bhutan
1. a c d e f 2. a b c e f 3. a b c d e 4. b c d 5. a b c d f

10. Pick up the correct statements relating to State Bank of
Hyderabad?
a. State Bank of Hyderabad was constituted as Hyderabad State Bank on 8 Aug 1941
b. The first branch of the Bank was opened at Gun foundry, Hyderabad on 5th April, 1942.
c. In 1953, the Bank took over the assets and liabilities of the Hyderabad Mercantile Bank Ltd
d. In 1956, the Bank was taken over by Reserve Bank of India as its first subsidiary and its name was changed from ‘Hyderabad State Bank’ to ‘State Bank of Hyderabad’.
e. The Bank became a subsidiary of the State Bank of India on the 1st October 1959
f. SBH is the largest Associate Bank of State Bank of India
1. a b c d e f 2. b c d e 3. c d e f 4. b c e f 5. a c d e

11. Of the following statements which one is correct regarding State Bank of Patiala?
1. it was founded by Late His Highness Bhupinder Singh, Maharaja of erstwhile Patiala state in 1917.
2. its original name was ‘Patiala State Bank”
3. Bank became a subsidiary of the State Bank of India on 1st April, 1960 when it was named as the State Bank of Patiala
4. by fully networking all its branches on Core Banking Solutions on 8 Aug 2005 it became the first fully networked Public Sector Bank in the country.
5. All of above

12. The Indian rural people incomes are doubled, the literacy rate increased by 10 %. The agriculture land prices appreciated by 80 %. The above achievements were seen in Indian rural areas according to the report given by world bank due to introduction of
…. schemes.
1. Mid day meal scheme
2. Free power to farmers
3. Subsidies for fertilizers
4. digging of bore wells
5. Relief pack to farmers

13. The Issue Department is responsible for the issue of notes as per demand made by Banking Department of R.B.I. From 1939 till 1956 it followed Proportional Reserve System. It means?
1. R.B.I was required to hold 50 % worth of assets in the form of Gold/foreign securities against issue of currency. However the worth of gold must not be below than Rs. 50 Crores
2. R.B.I was required to hold 60 % worth of assets in the form of Gold/foreign securities against issue of currency. However the worth of gold must not be below than Rs. 60 Crores
3. R.B.I was required to hold 45 % worth of assets in the form of Gold/foreign securities against issue of currency. However the worth of gold must not be below than Rs. 45 Crores
4. R.B.I. was required to hold 70 % worth of assets in the form of
Gold/foreign securities against issue of currency. However the
worth of gold must not be below than Rs. 70 Crores
5. R.B.I. was required to hold 40 % worth of assets in the form of Gold/ foreign securities against issue of currency. However the worth of gold must not be below than Rs. 40 Crores

14. Punjab National Bank details are given. Pick up correct one?
a) On 12th April 1895, the bank opened for business
b) Recently it opened its 5000 branch on the eve of its inauguration day (12-4-2010)
c) By assets wise PNB is the third largest bank in India
d) By bank branch net work wise, it is the second largest bank in India
e) with its policy of inclusive growth in the Indo-Gangatic Belt, the bank’s mission is ‘Banking for unbanked’
1. a b c d e 2. a b c d 3. b c d 4. a c d e 5. a b c e

15. The details of Bank of Baroda are given. Pick up correct statement?
1. it was established in 1908
2. its logo has dual ‘B’ letter forms that hold the rays of the rising sun
3. The Bank has adopted 101 villages for integrated development.
4. Bank of Baroda has been awarded with prestigious Dalal Street-DSIJ PSU Award recently
5. All of above

16. Reshaping Economic Geography is the title of a report released in 2009. This report released by…?
1. Asian-Pacific Economic Co-operation
2. International Monetary Fund
3. World Bank
4. International Development Association
5. International Economic Forum

17. Proportional Reserve System was replaced in 1956 by minimum of Foreign Reserve System. It means?
1. R.B.I to hold assets minimum of Rs. 515 crores worth of foreign reserves in which Rs. 115 Cr of gold and Rs. 400 cr of foreign
securities must be maintained.
2. R.B.I to hold assets minimum of Rs. 515 crores worth of foreign reserves in which Rs. 115 Cr of gold and Rs. 400 cr Dollars must be maintained
3. R.B.I to hold assets minimum of Rs. 515 crores worth of foreign reserves in which Rs. 400 Cr of gold and Rs. 115 cr of foreign
securities must be maintained.
4. R.B.I to hold assets minimum of Rs. 515 crores worth of foreign reserves in which Rs. 200 Cr of gold and Rs. 315 cr of foreign
direct investments
5. R.B.I to hold assets minimum of Rs. 515 crores worth of foreign reserves in any mode.

KEY : 1. 5 2. 4 3.3 4. 3 5. 4 6. 4 7. 1 8. 3 9. 3 10. 1 11. 5 12. 5 13. 5 14. 1 15. 5 16. 3 17. 1.

1. Two cities with highest per capita Income in the country are as given. Their per capita incomes are Rs. 1,10,676 and Rs.1,05,582.
They are ….?
1. Delhi, Chandigarh
2. Chandigarh, Goa
3. Mumbai, Chandigarh
4. Chennai, Mumbai
5. Hyderabad, New delhi

2. The 21st edition of Winter Olympics details are given below. Pick up the incorrect statement?
1. These games held between Feb 12 to 28, 2010 at Vancouver, Canada
2. Approximately 2,600 athletes participated. 7 sports and 86 events held
3. U.S.A had highest medal tally of 37, whereas Canada clinched highest number of 14 Gold medals
4. India wins no medal in this event
5. The 22nd edition of Winter Olympics will be held in Simla, India

3. Recent appointments are given below. Pick up the incorrect one?
1. Amnesty International secretary general – Salil Shetty
2. Member of Committee on the Arts and Humanities, U.S.A- Jhumpa Lahiri
3. 19th Law Commission – K.G. Balakrishnan
4. Indian Hockey Team captain – Raj Pal Singh
5. National Investigation Agency – S.C. Sinha

4. Of the following statements which one is correct regarding the Agriculture sector as Pranab wanted to introduce many reforms in
the same?
1. A strong supply chain for perishable farm produce to reach consumption and processing centers and encourage Infrastructure and technology to convert such produce into value-added products
2. Infusion of technology to augment agricultural production and the related technology to develop sectors such as horticulture, apiary, dairy, poultry, meat, marine and aquaculture.
3. Project import status with a concessional import duty of 5 percent for the setting up of mechanized handling systems and pallet
racking systems in ‘mandis’
4. Concessional customs duty of 5 percent to specified agricultural machinery not manufactured in India
5. All of above

5. Resolving the tax disputes and making settlements with tax payers is not so easy. Among the following statements which one is incorrect
regarding this Budget?
1. To expand the scope of Settlement Commission
2. The commission will conduct the proceedings related to search and seizure cases pending for assessment
3. This commission is authorized to settle the disputes relating to VAT
4. Central Excise and Customs cases also to be considered which fell outside previously, may be admitted
5. None

6. New entrants who intend to take Bank license, must satisfy the new guide lines given below as said by R.B.I on 2 Mar 2010. Pick
up the correct one?
a) One should open branches only in rural areas for the first 2 years
b) They should give more loans to Agriculture sector
c) In India, no bank is allowed to have foreign branches for first 2 years
d) No bank is allowed to have insurance business for the first 5 years
1. a c d 2. a b c d 3. b c d 4. a b 5. c d

7. Few states decisions and schemes are given below. Pick up correct one?
a) The first state to introduce the semi-conductor policy – Karnataka
b) The state to ban the use of Polythene bags with less than 40 microns – Haryana
c) The state decided to give 10 % reservation in government jobs for the economically, educationally and socially backward sections among Muslims – West Bengal
d) Lakshya, a class room coaching for XI and XII students to prepare them for all India competitive exams like IIT, IIIT – Delhi government
e) E-Sanchar an innovative E-Governance project initiated – Rajasthan
f) State not ready to give license to mining – Goa
g) Grow Sugar cane and get a motor cycle is slogan of – Punjab
1. a b c d e f g 2. b c d e f g
3. a b c d e g 4. a b c d f
5. b c d f g

8. The Open Market Operation (OMO) transactions of the RBI are meant to regulate which of the following?
1. Deflation 2. U.S.A. dollar 3. Borrowing abilities of the banks
4. Inflow of Foreign Direct Investment
5. Liquidity in economy

9. Competition commission of India issued the notice to 20 Banks to explain why they charge…?
1. different charge on different amounts of Demand Draft taken by the customers calling it is not fair
2. for return of the cheque due to lack of funds
3. a penalty for foreclosing housing loans
4. for ATM withdrawals if the customer uses credit card
5. all of above

10. On 7 Mar 2010, RBI ordered a special audit of the accounts of …, following investigations in to irregular dealings by this private
sector bank?
1. Karur vysya Bank Ltd 2. ING VYSYA 3. ICICI 4. HDFC
5. Bank of Rajasthan

11. An investor wants to invest money. Of the following products, in which category he get less Return?
1. Liquid Funds
2. Post Office Deposits
3. National saving Certificates
4. Bank fixed deposits
5. Debt mutual funds

12. With traded over 161 million contracts in 2009, MCX became world’s ___ largest commodity Exchange by FEB 2010.
1. First 2. Second 3. Sixth 4. Fourth 5. Tenth

13. Which Private Bank announced to introduce ‘Family Office’ account for business families with assets exceeding Rs. 100 crore?
1. ICICI 2. HDFC 3. AXIS 4. YES 5. ABN – AMRO

14. The next annual UN Climate Change Conference will be held by the end of 2010 in?
1. New Delhi 2. Geneva 3. Oslo 4. Peru 5. Mexico City

15. Which among the following is correct regarding 2010 South Asian Games Hockey?
1. India: Gold, Bangladesh: Silver, Pakistan: Bronze
2. Sri Lanka: Gold, Bhutan: Silver, Maldives: Bronze
3. Pakistan: Gold, India: Silver, Bangladesh: Bronze
4. Bhutan: Gold, Sri Lanka: Silver, India: Bronze
5. Maldives: Gold, Pakistan: silver, Sri Lanka: Bronze

16. A variable interest rate deposit product by name Systematic
Saving Plan (SSP) offers medium to long term deposit installment
option initiated by ……?
1. HDFC 2. ICICI 3. SBI 4. AXIS 5. PNB

17. Prime Minister Man Mohan Singh launched India’s Solar Energy
Mission on January 11, 2010. Pick up correct statements?
a) This mission named as Jawaharlal Nehru National Solar Mission
b) The main aim of the mission is to help generate 20,000 MW of solar power by 2022.
c) This policy urged the industry to create ‘Solar Valleys’ on the lines of Silicon Valleys.
d) The mission is an important part of the country’s National Action Plan on Climate Change and is trying to establish the country.
e) Vice-Chairmans of this mission are the chief ministers of all states in India
f) The mission targets 1,100 MW grid solar power, 7 million sq meter solar collectors and 200 MW off grid solar applications in first phase by 2013.
g) 20,000 MW grid solar power, 20 million sq m solar collectors and 2,000 MW off grid solar applications by the year 2022.
1. a b c d f g 2. a b c d e f g
3. a b c d e 4. b c d e f g
5. c d e f g

18. Pranab in his Economic Survey 2009-2010, furnished the few statements. Pick up the incorrect one?
1. India becomes the largest producer of Silver by 2014
2. Slowdown in infrastructure that began in 2007, arrested
3. Domestic oil production to rise 11 percent in 2009-10
4. Gas output up 52.8 percent to 50.2 billion cubic meters with RIL starting production
5. India world’s 2nd largest wireless network with 525.1 million mobile users

19. Many proposals were given by FM regarding Agriculture Credit. Pick up the incorrect one?
a) For the year 2010-2011, the Agriculture credit target by 15 %, banks raise credit to Rs. 3, 75,000 cr from Rs. 3, 25,000 cr
b) He proposed another 6 months period for repayment of loan by farmers from 31 Dec 09 to 30 June 2010.
c) All banks give more loans to priority sector increase from 40 %to 45 %
d) One percent interest subvention and incentive to those farmers who repay their short term crop loans as per scheduled in the last year. This one announced in the last budget
e) FM proposed to raise the subvention from one percent to two percent for 2010-2011.
1. a 2. b 3. c 4. d 5. e

20. Which of the following statements regarding the IPO Index launched by the Bombay Stock Exchange (BSE) recently is correct?
a) This is the first such index in the country
b) The IPO Index will track the value of companies for two years from the date of their listing after their initial public offers (IPOs)
c) Minimum of 50 stocks would be maintained to form the index at all times
d) IPOs of companies with a minimum freefloat market capitalization of Rs 100 crore would be included in the index
e) The maximum weight of any stock would be capped at 20%
1. a b c d 2. a b c e 3. a b d e 4. a c d e 5. a b c d e

21. On 12 Feb 2010 the government of India decided to release the data on outward investments ….. basis from next fiscal year?
1. Yearly 2. Half-yearly 3. Weekly 4. Daily 5. Monthly

22. Which facts are correct regarding Rastriya Swastya Bhima Yozana (RSBY)?
a. RSBY was introduced on 1 OCT 2007
b. It becomes operational from 1 APR 2008
c. It provides health insurance cover to BPL families and workers
d. It is now proposed to extend its benefits to all such MGNREGP beneficiaries who have worked more than 15 days during the preceding financial year
e. This scheme is not applicable to urban poor
1. a b c e 2. b c d 3. a b c d 4. c d e 5. a c d e

23. 8 member committee appointed recently by the ministry of housing and urban poverty alleviation to discuss the draft guidelines of
government’s scheme Rajiv Awas Yojana (RAY) to see the country free from slums. It is headed by
1. Amartya sen 2. Chaturvedi
3. Deepak Parekh 4. Abhijith Sen
5. C.N.R. Rao

24. If State Bank of Indore merges with SBI in this year, SBI will be left with five associate banks namely State Bank of Mysore, State
Bank of Bikaner and Jaipur, State Bank of Travancore, State Bank of Patiala, and State Bank of Hyderabad. How many of these associate banks are listed in bourses.
1. 7 2. 5 3. 1 4. 3 5. 9

KEY: 1.2 2.5 3.3 4.5 5.3 6.4 7.1 8.5 9.3 10.5 11.1 12.3 13.3 14.5
15.3 16.1 17.1 18.1 19.3 20.3 21.5 22.3 23.3 24.4.