Banking awareness quesitons for SBI-PO

Banking awareness quesitons for SBI-PO
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1. Which of the following is the correct statement?
(1) State Bank of India is the sole authority to issue and manage currency in India
(2) A nationalized bank is the sole authority to issue and manage currency in India
(3) A cooperative bank is the sole authority to issue and manage currency in India
(4) RBl is the sole authority to issue and manage currency in India
(5) None of the above
ANSWER : 4

2. Which of the following is correct statement?
(1) Normally no interest is paid on current deposit accounts
(2) Interest is paid on current accounts at the same rate as term deposit accounts
(3) The rate of interest on current account and savings account are the same
(4) No interest is paid on any deposit by the bank
(5) Savings deposits are the same as current deposits
ANSWER : 1


3. When a bank returns a cheque unpaid, it is called
(1) payment of the cheque
(2) drawing of the cheque
(3) canceling of the cheque
(4) dishonour of the cheque
(5) taking of the cheque
ANSWER : 4

4. Which of the following types of institutions are operate in the call money market only as lender?
(1) Commercial Banks 
(2) Primary Dealers
(3) Insurance companies 
(4) SBI
(5) None of the above 

ANSWER : 3

5. How many banks are presently associates of State Bank of India?

(1) Eight (2) Seven (3) Six

(4) Five (5) Four

ANSWER : 4

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