Banking + Current Affairs Questions For SBI PO Exam

1.    Which of the following is correct about Special Drawing Rights (SDR) created by the International Monetary Fund (IMF)?

1) SDR is an international reserve asset created by the IMF in 1969.    

2) Each member country of IMF has SDRs allocated to it in proportion to its quota in the IMF.

3) Its value is based on a basket of key international currencies - the euro, Japanese yen, pound sterling, and US dollar.

4) All the above

5) Only 2) and 3)  

2.    One of India�s best-known authors and journalists, Khushwant Singh died recently. Which of the following statements is/are correct about him?

1) He started his writing career with Yojana, the Planning Commission�s journal which he founded and edited.

2) He was a Member of Parliament from 1980 to 1986.

3) He was awarded the Padma Bhushan (1974) and Padma Vibhushan (2007).          

4) All the above

5) Only 2) and 3)

3.    Which of the following public sector lenders has announced, for the first time in its history, to offload around Rs 5,000 cr of its Rs 67,799 cr dud assets to asset reconstruction companies (ARCs) recently?

1) Union Bank of India                              2) State Bank of India

3) Punjab National Bank                           4) Canara Bank

5) None of these

4.    UN unanimously voted in favor of resolution condemning illegal oil export from which of the following countries recently?

1) Syria                             2) Libya                       3) Yemen       

4) Iraq                                5) None of these

5.    The Reserve Bank came out with final guidelines for the non-banking finance companies (NBFCs) with regard to the early detection and recovery of bad loans recently. Which of the following is correct in this regard?

1) The guidelines will be effective from 1 Apr 2015.       

2) Before a loan account turns into an NPA, NBFCs will be required to identify incipient stress in the account by creating a sub-asset category 'special mention accounts' (SMA).

3) The Bank permitted NBFCs to sell NPAs to other banks, financial institutions or NBFCs without any initial holding period.      

4) All the above

5) Only 2) and 3)  

6.    The Pulitzer Price for Fiction -2014 has been awarded to Donna Tratt, for her novel ___?

(1) The Son                                  

(2) The Woman Who Lost Her Soul

(3) The Gold Finch                       

(4) The Secret History

(5) None of these

7.    Consider the following statements with respect to the recent BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) Summit which was held on 1 March to 4 March 2014.
(A) BIMSTEC group consist of 8 countries viz: India, Sri Lanka, China, Bhutan, Myanmar, Nepal and Thailand

(B) Third BIMSTEC Summit was held in Nay Pyi Taw, Myanmar.

(C) The main purposes of BIMSTEC are to create an enabling environment for rapid economic development and accelerate social progress in the sub-region.

Which of the above statements is/are correct in this context?

 (1) Only A            & B                                         

(2) Only B & C

(3) Only A & C                                         

(4) All the above

(5) None of these

8.    Over a decade after the state-run banks launched Kisan Credit Cards, which of the following private sector lenders introduced its own card "Kisan Card" through which a farmer can withdraw up to Rs 1 lakh per day from automated teller machines (ATMs)?
1) HDFC
2) Axis Bank
3) ICICI
4) Federal Bank
5) IndusInd Bank

9.    Heena Sidhu is associated with which of the following games? She was in news, recently, as she appeared on the cover of Dec 2013 issue of the magazine published by the international body of the game.
1) Air pistol
2) Boxing
3) Archery
4) Discus throw
5) None of these

10.  Currently, the aggregate foreign investment (FDI, FII and NRI) limit for public sector banks (PSBs) is:
1) 20 per cent
2) 24 per cent
3) 49 per cent
4) 74 per cent
5) None of these

Answers

1	4	6	3
2	4	7	2
3	2	8	2
4	2	9	1
5	5	10	1

Explanation of Qs 10:  The aggregate foreign investment (FDI, FII and NRI) cannot exceed 74 per cent in private sector banks while the ceiling is at 20 per cent for nationalised banks, State Bank of India and its associate banks.