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SBI PO General Economy Banking Awareness

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SBI PO General Economy Banking Awareness

shape Introduction

SBI PO 2019 - Main Examination, Objective Tests conducted in online Mode, has: a duration of 3 hours, 4 Sections, a total of 155 questions, a Maximum score of 200 marks, and, is followed by a Descriptive Test (English language) for a duration of 30 minutes. The 4 Sections are timed: Reasoning & Computer Aptitude, Data Analysis & Interpretation, General/ Economy/ Banking Awareness and English language. The section wise details are as shown below.
The Objective Tests are followed by a Descriptive Paper (Letter Writing + Essay Writing). There is a Negative marking in SBI PO General Economy Banking Awareness Main exam and 0.25 marks are deducted for each wrong answer. Candidates must clear the cut-off in all the sections to qualify for the Group Exercises & Interview.

shape Pattern

S.No. Name of Test Number of Questions Mark Duration
1 Reasoning & Computer Aptitude 45 Total Max. Marks 200 60 minutes
2 Data Analysis & Interpretation 35 45 minutes
3 General/Economy/Banking Awareness 40 35 minutes
4 English Language 35 40 minutes
Total 155 3 Hours
The SBI PO General Economy Banking Awareness section in the Main Exam, has a total of 40 questions in 35 minutes. Below mentioned are the different categories of expected questions in the Main Exam of SBI PO General Economy Banking Awareness Section.

shape Syllabus

Banking/Economy/Finance Awareness Current Affairs Static GK
News related to Reserve Bank of India National Important dates
Banking Awareness International Business and Economy
Financial Awareness (Union Budget/ Railway Budget) Awards Countries and their capital & currency
Economics News Sports Art & Culture
Budget Defense Books and authors
Railway budget Summits Sports
Economic survey Appointment Roles and functions of institutions like RBI
NABARD, SIDBI, and related organizations Marketing: Basics of Marketing, Marketing Strategies, Market Segmentation etc.
Currencies of various countries Politics
International Trade
Acquisitions and Deals
New Policies and Pacts
Trade Deficits
Exchange Rate
GDP growth of various countries
Banking related facts


shape Samples

Q1. ___________ is vested with the responsibility of conducting monetary policy.
    (a) RBI (b) SBI (c) NABARD (d) SIDBI (e) Finance Ministry
Answer: a
Q2. In which year the Reserve Bank of India (RBI) Act, 1934 was amended to provide a statutory basis for the implementation of the flexible inflation targeting framework?
    (a) May 2013 (b) May 2014 (c) May 2015 (d) May 2016 (e) May 2012
Answer: d
Q3. Which scheme/act has enables an expeditious and inexpensive forum to bank customers for resolution of complaints relating to certain services rendered by banks?
    (a) Reserve Bank of India Act, 1934 (b) Banking Regulation Act, 1949 (c) Securitization Act 2002 (d) FEMA (e) Banking Ombudsman Scheme
Answer: e
Q4. The Banking Ombudsman Scheme is introduced by RBI with effect from-
    (a) 1991 (b) 1995 (c) 1990 (d) 2002 (e) 2006
Answer: b
Q5. IBA adopts a consultative approach to give its views on any issue pertaining to the banking sector. What is the meaning of I in IBA?
    (a) International (b) Institute (c) Investment (d) Indian (e) Increase
Answer: d
Q6. IBA stands for-
    (a) Indian Banks' Allocation (b) Indian Banks' Association (c) Institute Banks' Association (d) Indian Banks' Assembly (e) Indian Billing Association
Answer: b
Q7. What is the present Repo Rate?
    (a) 7.00% (b) 6.25% (c) 6.50% (d) 6.75% (e) None of the above
Answer: b
Q8. Which among the following rates is not the policy rate of RBI?
    (a) Repo Rate (b) Reverse Repo Rate (c) Bank Rate (d) Marginal Standing Facility Rate (e) Cash Reserve Ratio
Answer: e
Q9. The Banking Ombudsman is a senior official appointed by..............?
    (a) Indian Government (b) President of India (c) Chief Justice of India (d) Reserve Bank of India (e) Finance Ministry
Answer: d
Q10. As on date, there is _________ Banking Ombudsman centre located in India.
    (a) 20 (b) 19 (c) 18 (d) 17 (e) 16
Answer: a
Q11. IBA was set up in ________ with 22 members to discuss issues of common interests.
    (a) 1946 (b) 1955 (c) 1934 (d) 1921 (e) 1961
Answer: a
Q12. What is the effort of IBA?
    (a) Assist and provide common services to members. (b) Promote sound and progressive banking principles and practices. (c) Co-ordinate and co-operate on procedural, legal, technical, administration, professional matters. (d) Build Image of banking industry through publicity and public relations. (e) All of the above
Answer: e
Q13. Central Government has notified in the Official Gazette ___________ CPI inflation as the target for the period from August 5, 2016 to March 31, 2021 with the upper tolerance limit of 6 per cent and the lower tolerance limit of 2 per cent.
    (a) 4 percent (b) 3 percent (c) 5 percent (d) 2 percent (e) None of the above
Answer: a
Q14. What is the full form of CPI?
    (a) Customer Price Index (b) Consumer Price Index (c) Consumer Product Index (d) Consumer Price Indian (e) Custom Price Index
Answer: b
Q15. What is the focus & Priorities of IBA?
    (a) The Government of India on policy related issues (b) Industry unions on wage negotiations and improving industrial relations (c) Foreign counterparts to widen the horizon and perspectives (d) Members to encourage inter-bank co-operation and co-ordination (e) All of the above
Answer: e
Q1. What is P in APBS? Answer: Payment (Aadhaar Payment Bridge System)
Q2. As per report of SIPRI, India’s military expenditure in 2016 grew by? Answer: 8.5%
Q3. For 2017-18, target of digital transactions through UPI, USSD, Aadhar, IMPS? Answer: 2,500 crore digital transactions
Q4. Fiscal deficit target for 2017-18 pegged at ______ % of GDP? Answer: 3.2%
Q5. Kavinder Singh, Satish Kumar related to sports? Answer: Boxing
Q6. Cheque written by drawer and dated at some point in past is called? Answer: Ante-dated cheque
Q7. As per RBI norms on small banks, initial promoter stake for first 5 years should not be less than? Answer: 40%
Q8. As per GST regime, an offense of tax evasion is slated to be a non-baliable offense if amount exceeds? Answer: Rs 5 crore
Q9. MSF is window of banks… S in MSF? Answer: Marginal Standing Facility
Q10. C in PCA? Answer: prompt corrective action
Q1. Eminent personality Raees Khan died recently. He was famous ______________.
    (a) Classical Singer (b) Kathak Dancer (c) Sitar Player (d) Shehnai Player (e) Music Director
Answer: c
Q2. Name the country that has been unanimously elected as the President of UN-Habitat, an organ of the United Nations Organization.
    (a) China (b) Chile (c) Japan (d) India (e) Sri Lanka
Answer: d
Q3. Name the Database Company that has recently signed an MoU with the Government of Jharkhand to improve cloud-based citizen services and to make Jharkhand an attractive destination for start-ups.
    (a) Microsoft (b) Oracle (c) IBM (d) SAP (e) QuickHeal
Answer: b
Q4. India's growth is expected to rebound to ________ percent in the 2017-18 fiscal and ________ percent in 2018-19 after disruptions caused by demonetization, as per the IMF (International Monetary Fund) report, respectively.
    (a) 7.2 and 7.7 (b) 7.1 and 7.6 (c) 7.0 and 7.8 (d) 7.3 and 7.4 (e) 7.0 and 7.3
Answer: a
Q5. DIPP and World Intellectual Property Organization (WIPO) have recently signed an agreement to establish Technology and Innovation Support Centers (TISC). What does 'I' stands for in DIPP?
    (a) Integrated (b) Information (c) Import (d) Industrial (e) Investment
Answer: d
Q6. Odisha Chief Minister Naveen Patnaik has unveiled the logo and mascot of the 22nd Asian Athletics Championships scheduled to be held in Bhubaneswar. The mascot is named as ____________.
    (a) Olive Tortoise (b) Olly Turtle (c) King Kong Turtle (d) Steady Turtle (e) Purple Turtle
Answer: b
Q7. Which of the following sate has recently decided to gather a detailed data of every resident of the state and issue a sleek identity for every house?
    (a) Madhya Pradesh (b) Karnataka (c) Haryana (d) Uttar Pradesh (e) Himachal Pradesh
Answer: c
Q8. India's largest cab aggregator Ola has partnered with which of the following company to launch a range of integrated digital offerings to customers.
    (a) Reliance Comm. (b) Vodafone India (c) TATA (d) Idea (e) Bharti Airtel
Answer: e
Q9. Name the Hollywood actor who has recently grabbed the first-ever Genderless Acting Award for the Best Actor category at the MTV Movie and TV Awards.
    (a) Scarlett Johansson (b) Johnny Depp (c) Mila Kunis (d) Emma Watson (e) Jannifer Aniston
Answer: d
Q10. Who is the present Managing Director of International Monetary Fund (IMF)?
    (a) Takehiko Nakao (b) Ban Ki Moon (c) Christine Lagarde (d) Sung San Ki (e) Adams Pattinson
Answer: c
SBI PO General Economy Banking Awareness - Study Guide - Click Here

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