Hello. We are providing the questions asked in SBI Mains 2016 exam held on June 25 in General and Financial Awareness Subject along with correct answers.
1. What is the 11 digit alphanumeric code located at the bottom of Cheque which indicates drawee branch details?
a. MICR code
b. IFSC code
c. IMPS code
d. NEFT code
Answer: b?( IFSC code)
2. What does IMPS stands for which as used in financial terminology?
a. Instant mobile payment system
b. Instant mobile payment service
c. Immediate mobile payment service
d. Immediate payment service
Answer: d
Immediate Payment Service (IMPS) is an instant interbank electronic fund transfer service through mobile phones. It is also being extended through other channels such as ATM, Internet Banking, etc.
3. What does I stand for IRDF as used in financial terminology?
a. Including
b.instant
c.infrastructure
d.income
Answer: c
IRDF stands for Rural Infrastructure Development Fund . IRDF is a U.S. based tax-exempt organization under the Internal Revenue Services (IRS) code, Section 501 (c) (3). Tax Id: 94-3274500. It is organized under the "Public Benefit Corporation Law" for public and charitable purposes. IRDF is a secular and non-partisan organization that adheres to the highest standards of professionalism and transparency in all matters.
4. What does L stands for in MCLR which is a new bank rate to loans issued by RBI recently ?
a. lower
b.loss
c.ledger
d.lending
Answer: d
The Reserve Bank of India has issued new guidelines for setting lending rate (on loans) by commercial banks under the name Marginal Cost of Funds based Lending Rate (MCLR). It will replace the existing base rate system from April 2016 onwards.
5.International Development Association (IDA) headquarters is located in ?
a. New york, USA
b. Washington USA
c. Tokyo Japan
d.Beijing China
Answer: b
6. Nairobi is the capital of which country?
a. Zimbabwe
b. kenya
c. Uganda
d. South africa
Answer: b
7. What is the currency of state of Israel ?
a. Korina
b. Korna
c. Shakel
d. Dhinar
Answer: c
8. Federal Reserve is the Central bank of which of the following?
a. Britan
b. United kingodm
c.Japan
d.USA
Answer:d
More info:
The Federal Reserve System also known as the Federal Reserve is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, in response to a series of financial panics, that showed the need for central control of the monetary system, particularly a severe panic in 1907
9. First Defense Industrial park is to be constructed in Ottappalam of which of the following states?
a. Andhra pradesh
b. Tamil nadu
c. Kerala
d. Karnataka
Answer: c
More info:
Union government’s Department of Industrial Policy and Promotion (DIPP) has approved a proposal from the Kerala Industrial Infrastructure Development Corporation (Kinfra) to set up the country’s first defence industrial park at Ottappalam.
The proposed park, which will be established as part of the Make in India, Make in Kerala project, will have modern common infrastructure facilities aimed at attracting component manufacturers in the defence industry. The Union government has agreed to bring it under the Modified Industrial Infrastructure Upgradation Scheme (MIIUS).
10. Valmiki National park is located in which state in India?
a. Tamilnadu
b. Gujarat
c. Haryana
d. Bihar
Answer: d
11. Pinari Vijayan has sworn in as Chief Minister of which state recently ?
a. Myanmar
b .Mizoram
c. Nagaland
d. Kerala
Answer: d
12. Neeraj Chopra belongs to which sport ?
a. Boxing
b. Archery
c. Gymnastics
d Javelin throw
Answer: d
13. Which is the largest Nuclear plant in India?
a. Kudankulam, Tamilnadu
b.Tarapur, Maharashtra
c.Kalpakkam , Tamilnadu
d. Kakrapar, Gujarat
Answer: Tarapur, Maharashtra
14. Maximum limit of currency note denomination issued by RBI in India?
a. 10000
b. 10
c.500
d.1000
Answer: a
More info:Banknotes in India are currently being issued in the denomination of ₹ 10, ₹ 20, ₹ 50, ₹ 100 ₹ 500, and ₹ 1000. These notes are called banknotes as they are issued by the Reserve Bank of India (Reserve Bank). The Reserve Bank can also issue banknotes in the denominations of five thousand rupees and ten thousand rupees, or any other denomination that the Central Government may specify. However, there cannot be banknotes in denominations higher than ten thousand rupees in terms of the current provisions of the Reserve Bank of India Act, 1934. Coins can be issued up to the denomination of ₹ 1000 in terms of The Coinage Act, 2011.
Answer: b
18. Largest fresh water lake, Wular is located in which state of India?
a. Bihar
b. kerala
c. Madhya pradesh
d. Jammu and Kashmir
Answer: d
19. Which country has given back $200 million worth ancient articrafts to India recently?
a. Japan
b. Pakistan
c. USA
d. Sri Lanka
answer: c
20. Long distance, fully unreserved super fast train proposed in Railway budget 2016 is ?
a. Gathimaan express
b. The humsafar express
c. Antyodaya express
d. Tejas express
Answer: c
More info:
1. The UDAY Express – It is basically Utkrisht Double Decker Air Conditioned Yatri (UDAY) Express with an increased carrying capacity of almost 40%.
2. The TEJAS Express – Possibly hinting at semi-high speed trains, the minister said Tejas will be the ‘future of train travel in India’ with operating speeds of 130 kmph and services which would be world-class. It will offer onboard services such as entertainment, local cuisine and wi-fi through service providers, while ensuring accountability and improved customer satisfaction.
3. The Humsafar Express – The Minister said this will be a fully air-conditioned third AC express with an optional service for meals.
4. The Antyodaya Express – Aimed at people from low-income backgrounds, the Railways proposes to introduce the Antyodaya Express that will be a long-distance, fully unreserved superfast train that will operate on dense routes.
21. July 28 is observed as ?
a. World Hepatitis day
b. World Youth day
c. Nelson Mandela day
d. World population day
Answer: a
22. Who is the author of "Wings of Fire"?
a. R Narayana Murthy
b. Yuvaraj Singh
c. APJ Abdul Kalam
d. Chidambaram
Answer: c
23. Ahmedabad is located on the banks of which river ?
a. Krishna
b. Godavari
c. Sabarmathi
d. Musi
Answer: c
24. Reverse Repo Rate is the tool used by RBI to ?
a. Inject money in the market
b. To increase foreign trade
c. To absorb money supply in market
d. All of the above
Answer: c
25. CIBIL is an organised formed to do which of the following?
a. Control share market
b. promote foreign trade
c. Credit rating agency
d. None of the above
Answer: c
If you remember other questions also, please post them in comment box below..
1. What is the 11 digit alphanumeric code located at the bottom of Cheque which indicates drawee branch details?
a. MICR code
b. IFSC code
c. IMPS code
d. NEFT code
Answer: b?( IFSC code)
2. What does IMPS stands for which as used in financial terminology?
a. Instant mobile payment system
b. Instant mobile payment service
c. Immediate mobile payment service
d. Immediate payment service
Answer: d
Immediate Payment Service (IMPS) is an instant interbank electronic fund transfer service through mobile phones. It is also being extended through other channels such as ATM, Internet Banking, etc.
3. What does I stand for IRDF as used in financial terminology?
a. Including
b.instant
c.infrastructure
d.income
Answer: c
IRDF stands for Rural Infrastructure Development Fund . IRDF is a U.S. based tax-exempt organization under the Internal Revenue Services (IRS) code, Section 501 (c) (3). Tax Id: 94-3274500. It is organized under the "Public Benefit Corporation Law" for public and charitable purposes. IRDF is a secular and non-partisan organization that adheres to the highest standards of professionalism and transparency in all matters.
4. What does L stands for in MCLR which is a new bank rate to loans issued by RBI recently ?
a. lower
b.loss
c.ledger
d.lending
Answer: d
The Reserve Bank of India has issued new guidelines for setting lending rate (on loans) by commercial banks under the name Marginal Cost of Funds based Lending Rate (MCLR). It will replace the existing base rate system from April 2016 onwards.
5.International Development Association (IDA) headquarters is located in ?
a. New york, USA
b. Washington USA
c. Tokyo Japan
d.Beijing China
Answer: b
6. Nairobi is the capital of which country?
a. Zimbabwe
b. kenya
c. Uganda
d. South africa
Answer: b
7. What is the currency of state of Israel ?
a. Korina
b. Korna
c. Shakel
d. Dhinar
Answer: c
8. Federal Reserve is the Central bank of which of the following?
a. Britan
b. United kingodm
c.Japan
d.USA
Answer:d
More info:
The Federal Reserve System also known as the Federal Reserve is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, in response to a series of financial panics, that showed the need for central control of the monetary system, particularly a severe panic in 1907
9. First Defense Industrial park is to be constructed in Ottappalam of which of the following states?
a. Andhra pradesh
b. Tamil nadu
c. Kerala
d. Karnataka
Answer: c
More info:
Union government’s Department of Industrial Policy and Promotion (DIPP) has approved a proposal from the Kerala Industrial Infrastructure Development Corporation (Kinfra) to set up the country’s first defence industrial park at Ottappalam.
The proposed park, which will be established as part of the Make in India, Make in Kerala project, will have modern common infrastructure facilities aimed at attracting component manufacturers in the defence industry. The Union government has agreed to bring it under the Modified Industrial Infrastructure Upgradation Scheme (MIIUS).
10. Valmiki National park is located in which state in India?
a. Tamilnadu
b. Gujarat
c. Haryana
d. Bihar
Answer: d
11. Pinari Vijayan has sworn in as Chief Minister of which state recently ?
a. Myanmar
b .Mizoram
c. Nagaland
d. Kerala
Answer: d
12. Neeraj Chopra belongs to which sport ?
a. Boxing
b. Archery
c. Gymnastics
d Javelin throw
Answer: d
13. Which is the largest Nuclear plant in India?
a. Kudankulam, Tamilnadu
b.Tarapur, Maharashtra
c.Kalpakkam , Tamilnadu
d. Kakrapar, Gujarat
Answer: Tarapur, Maharashtra
14. Maximum limit of currency note denomination issued by RBI in India?
a. 10000
b. 10
c.500
d.1000
Answer: a
More info:Banknotes in India are currently being issued in the denomination of ₹ 10, ₹ 20, ₹ 50, ₹ 100 ₹ 500, and ₹ 1000. These notes are called banknotes as they are issued by the Reserve Bank of India (Reserve Bank). The Reserve Bank can also issue banknotes in the denominations of five thousand rupees and ten thousand rupees, or any other denomination that the Central Government may specify. However, there cannot be banknotes in denominations higher than ten thousand rupees in terms of the current provisions of the Reserve Bank of India Act, 1934. Coins can be issued up to the denomination of ₹ 1000 in terms of The Coinage Act, 2011.
15. Gobi desert is the largest desert in ?
a. North America
b. Asia
c. Russia
d. Europe
Answer: b
16. KSE - 100 Index is the stock exchange of ?
a. Kolkata Stock exchange
b. Karachi stock exchange
c. Kuwait stock exchange
d. Kazakistan stock exchange
Answer: a
17. HPCA stadium is located in which of the following?
a. Eden gardens, West Bengal
b. Dharmashala, Himachal pradesh
c. Hyderabad, Telangana
d. Bangalore, Karnataka
18. Largest fresh water lake, Wular is located in which state of India?
a. Bihar
b. kerala
c. Madhya pradesh
d. Jammu and Kashmir
Answer: d
19. Which country has given back $200 million worth ancient articrafts to India recently?
a. Japan
b. Pakistan
c. USA
d. Sri Lanka
answer: c
20. Long distance, fully unreserved super fast train proposed in Railway budget 2016 is ?
a. Gathimaan express
b. The humsafar express
c. Antyodaya express
d. Tejas express
Answer: c
More info:
1. The UDAY Express – It is basically Utkrisht Double Decker Air Conditioned Yatri (UDAY) Express with an increased carrying capacity of almost 40%.
2. The TEJAS Express – Possibly hinting at semi-high speed trains, the minister said Tejas will be the ‘future of train travel in India’ with operating speeds of 130 kmph and services which would be world-class. It will offer onboard services such as entertainment, local cuisine and wi-fi through service providers, while ensuring accountability and improved customer satisfaction.
3. The Humsafar Express – The Minister said this will be a fully air-conditioned third AC express with an optional service for meals.
4. The Antyodaya Express – Aimed at people from low-income backgrounds, the Railways proposes to introduce the Antyodaya Express that will be a long-distance, fully unreserved superfast train that will operate on dense routes.
21. July 28 is observed as ?
a. World Hepatitis day
b. World Youth day
c. Nelson Mandela day
d. World population day
Answer: a
22. Who is the author of "Wings of Fire"?
a. R Narayana Murthy
b. Yuvaraj Singh
c. APJ Abdul Kalam
d. Chidambaram
Answer: c
23. Ahmedabad is located on the banks of which river ?
a. Krishna
b. Godavari
c. Sabarmathi
d. Musi
Answer: c
24. Reverse Repo Rate is the tool used by RBI to ?
a. Inject money in the market
b. To increase foreign trade
c. To absorb money supply in market
d. All of the above
Answer: c
25. CIBIL is an organised formed to do which of the following?
a. Control share market
b. promote foreign trade
c. Credit rating agency
d. None of the above
Answer: c
If you remember other questions also, please post them in comment box below..
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