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.
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 Minister’s 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 SBI’s 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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Q21. What is the main aim of "Pradhan Mantri MUDRA Yojana" (PMMY)?
A. Provide loans to non-corporate, non-farm small and micro enterprises
B. Support small farmers with subsidized loans
C. Improve rural infrastructure development
D. Provide health insurance to the poor
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Q22. Which of the following is the most important factor in determining the interest rate on a loan?
A. Base rate
B. Loan tenure
C. Age of the borrower
D. Income of the borrower
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Q23. What does "SBI YONO" stand for?
A. You Only Need One
B. You Only Need Online
C. You Only Need One Network
D. You Only Need One Opportunity
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Q24. Which of the following is NOT a feature of SBI’s Internet Banking?
A. Check balance and transactions
B. Transfer funds to other banks
C. Apply for loans online
D. Make international payments in cryptocurrency
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Q25. What is the full form of "Aadhaar" in the context of banking?
A. Aadhar Identity Authentication and Registration
B. Authentic and Direct Resources for Helping Indian Nationals
C. Unique Identification Authority of India
D. Unique Identity Authentication and Registration
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Q26. Which of the following banking services is provided under the "SBI Cash@PoS" service?
A. Cash withdrawal from retail POS terminals
B. Bill payments at retail stores
C. Online fund transfer
D. Credit card issuance
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Q27. What is the maximum deposit amount under the "SBI Fixed Deposit" scheme?
A. Rs. 10 lakh
B. Rs. 50 lakh
C. Rs. 1 crore
D. No limit
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Q28. What does "SWIFT" stand for in international banking?
A. Society for Worldwide International Financial Telecommunications
B. Society for Worldwide Interbank Financial Transactions
C. Simple Wide Interbank Financial Transactions
D. Société de Transferts Financiers Internationaux
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Q29. Which government scheme is aimed at providing insurance for small farmers?
A. Pradhan Mantri Fasal Bima Yojana
B. Atal Pension Yojana
C. PMAY (Pradhan Mantri Awas Yojana)
D. Make in India
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Q30. Which of the following is an example of an online banking service provided by SBI?
A. Fund transfer using IMPS
B. Applying for loans through mobile apps
C. Accessing account statements online
D. All of the above
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