Current Affairs For SBI PO

1)    Who can invest in Commercial Papers

a)     Individual

b)    Banking Companies

c)     Corporate Bodies register or Incorporated in India and unincorporated bodies,Non-Resident India’s(NRI) and Foreign Institutional Investors(FII)

d)    All of the Above

     E) None of these

2)    After merging state bank of India and state bank of Saurastra, the Parent bank, State Bank of India is Planning to merge which two other associates banks with itself

a)     State Bank of Hyderabad and State Bank of Patilala

b)    State Bank of Hyderabad and State Bank of Travancore

c)     State Bank of Mysore and State Bank of Travancore

d)    State Bank of Jaipur and Bikaner and State bank of Mysore

e)     None of these

3)    Which of the following is the full form of “SOFA” a term used frequently used in International Politics?

a)     Status of Force Agreement

b)    Statement of foreign Agreements

c)     Strategic and Formal Alliances

d)    Soviet Forum of allied Forces

e)     None of the above

4)    What does the term “run on a bank” denote in banking Industry

a)     Accruing High profit by a bank

b)    Large scale financial irregularities in a bank

c)     Loss of Confidence of depositor’s in a bank

d)    Major changes in a bank

e)     None of these

5)    In which of the following transactions is quoting of Permanent Account Number (PAN) not mandatory?

a)     Any purchase of bullion or jewellery worth of 5Lakh or more

b)    Sale or purchase of two wheeler

c)     Opening of bank account

d)    Hotel bills over Rs25000

e)     Mutual funds Investment of Rs 50000

Answers

1.d   2.a  3.a 4.c 5.b