State Bank Exams MCQ
In Into The Candidates, this MCQ section of State Bank Exams is an essential tool to succeed in various State Bank of India (SBI) exams including SBI Clerk, PO and SO. The MCQs in this section cover a wide range of multiple-choice questions covering topics such as General Knowledge, Reasoning Ability, Qualitative Aptitude, and English Language. These meticulously composed MCQs are in line with the exam syllabus and examination pattern. Candidates get targeted practice here.
By helping candidates grasp the question format in SBI bank exams, candidates can also improve their understanding of the topics typically tested. This approach increases speed, precision, and self-assurance-all needed to succeed in a highly competitive exam.
Regular practice of this set of MCQ permits candidates to identify their strengths and their weakest points, allowing for focused study. This collection of MCQs can help aspirants prepare for written examinations to sharpening test-taking strategies. With regular practice and diligence, candidates can improve their ability to solve problems. This will enhance their overall chances of landing a post at the State Bank of India.
Q1. Who is the current CEO of State Bank of India?
A. Rajnish Kumar
B. Dinesh Kumar Khara
C. Arundhati Bhattacharya
D. Chanda Kochhar
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Q2. What is the full form of "SBI" in the banking sector?
A. Standard Bank of India
B. State Bank of India
C. South Bank of India
D. Securities Bank of India
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Q3. Which of the following is a product offered by State Bank of India?
A. SBI Life Insurance
B. SBI Internet Banking
C. SBI Car Loan
D. All of the above
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Q4. In which year was the State Bank of India (SBI) established?
A. 1847
B. 1950
C. 1960
D. 1975
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Q5. Which of the following is the headquarters of State Bank of India located?
A. Mumbai
B. New Delhi
C. Bengaluru
D. Kolkata
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Q6. Which of the following is a major function of State Bank of India?
A. Providing home loans
B. Managing government accounts
C. Issuing public bonds
D. All of the above
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Q7. What does "RTGS" stand for in the banking sector?
A. Real Time Gross Settlement
B. Real-Time General Settlement
C. Revised Transaction General Settlement
D. Ready Transaction Gross Settlement
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Q8. What is the minimum balance required for a savings account in SBI?
A. Rs. 1000
B. Rs. 500
C. Rs. 2000
D. Rs. 1500
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Q9. Which of the following is a key feature of the SBI Mobile Banking App?
A. Account balance check
B. Fund transfers
C. Bill payments
D. All of the above
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Q10. What is the full form of "IFSC" code?
A. Indian Financial Service Code
B. Indian Financial System Code
C. Indian Fund Service Code
D. International Financial Service Code
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Q11. What is the "Loan-to-Value (LTV) ratio" in home loans?
A. The amount of loan provided relative to the property value
B. The interest rate on the loan
C. The repayment period of the loan
D. The total value of collateral required
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Q12. Which of the following is the largest source of funds for State Bank of India?
A. Fixed Deposits
B. Cash Reserve Ratio
C. Current Account
D. Retail Loans
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Q13. Which scheme provides financial assistance to small and medium-sized enterprises (SMEs) in India?
A. PMEGP (Prime Ministerβs Employment Generation Programme)
B. MUDRA (Micro Units Development and Refinance Agency)
C. Startup India Scheme
D. Make in India Scheme
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Q14. Which of the following is NOT a type of account offered by State Bank of India?
A. Savings Account
B. Current Account
C. Fixed Deposit Account
D. Cryptocurrency Account
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Q15. What is the maximum limit for a daily transaction using SBIβs Mobile Banking App?
A. Rs. 50,000
B. Rs. 1,00,000
C. Rs. 2,00,000
D. Rs. 5,00,000
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Q16. What is the primary objective of the "Pradhan Mantri Jan Dhan Yojana" (PMJDY)?
A. Financial inclusion for all citizens
B. To provide loans to farmers
C. To promote digital banking
D. To ensure food security for the poor
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Q17. What does "NEFT" stand for?
A. National Electronic Funds Transfer
B. National Electronic Financial Transaction
C. National Exchange Funds Transfer
D. New Electronic Funds Transfer
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Q18. Which of the following banking services is offered by SBI through ATMs?
A. Cash withdrawal
B. Balance inquiry
C. Mini statement
D. All of the above
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Q19. Which of the following is the highest denomination of currency note in circulation in India as of 2022?
A. Rs. 500
B. Rs. 1000
C. Rs. 2000
D. Rs. 5000
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Q20. What is the term for a person who borrows money from a bank?
A. Debtor
B. Lender
C. Customer
D. Account Holder
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