SBI CBO 2021 Exam on 23rd January 2022. Practice 20 Important Banking Awareness Questions with Answers. Check SBI CBO Previous Years’ (2020) Banking Awareness/ General Awareness/ Economy Questions.
SBI CBO 2021 Banking Awareness Important Questions: The State Bank of India has invited applications from eligible Indian citizens to fill up 1,226 Circle Based Officers (CBO) vacancies in different offices of the State Bank of India across India. The online registration for the SBI CBO 2021 Exam ended on 29th December 2021. Interested candidates can download the SBI CBO 2021 Admit Card from 10th to 23rd January 2022. The SBI CBO 2021 exam will be held online on 23rd January 2022. Candidates will be selected based on their performance in the Online Written Test, Screening, and Interview. In this article, candidates can practice 20 Important Banking Awareness Questions with Answers for SBI CBO 2021 as well as check SBI CBO Previous Years’ (2020) Banking Awareness/ General Awareness/ Economy Questions.
SBI CBO 2021 Important Dates
|
SBI CBO 2021 Recruitment Events |
Date |
|
SBI Circle Based Officer Notification |
08th December 2021 |
|
SBI CBO Online Registration Start Date |
09th December 2021 |
|
Online Fee Payment |
09th to 26th December 2021 |
|
SBI CBO Online Registration Last Date |
29th December 2021 |
|
Last Date for Editing the Application |
29th December 2021 |
|
SBI CBO Call Letter (Admit Card) |
10th January to 23rd January 2022 |
|
SBI CBO 2021 Exam Date |
23rd January 2022 |
|
SBI CBO 2021 Interview |
To Be Notified |
|
SBI Circle Based Officer Result |
To Be Notified |
SBI CBO 2021 Exam Pattern
The SBI CBO 2021 Selection Process consists of Online Written Tests, Screening, and Interview. The Online Written Tests will include two tests – Objective Test (Online) and Descriptive Test (Online). The total duration of both tests is 2 hours and 30 minutes. Candidates will be asked a total of 170 questions for 170 marks. The duration of the Objective Test (Online) is 2 hours and it will consist of 4 Sections for a total of 120 marks. The duration of the Descriptive Test (Online) is 30 minutes and it will consist of 2 questions for a total of 50 marks. There will be separate timing for every section.
SBI CBO 2021 Online Written Tests
Test A: Objective Test (Online)
|
Name of Test |
No of Questions |
Maximum Marks |
Duration |
|
English Language |
30 |
30 |
30 mins |
|
Banking Knowledge |
40 |
40 |
40 mins |
|
General Awareness/Economy |
30 |
30 |
30 mins |
|
Computer Aptitude |
20 |
20 |
20 mins |
|
Total |
120 |
120 |
2 hours |
SBI CBO 2021 Test B: Descriptive Test (Online)
|
B. Name of Test (Descriptive Test) |
No of Questions |
Maximum Marks |
Duration |
|
Letter Writing |
1 |
25 |
30 mins |
|
Essay |
1 |
25 |
|
|
Total |
2 |
50 |
30 mins |
NOTE: Merit list will be drawn State wise and Category wise on the basis of the aggregate marks scored in the Online Written Test. There will be no sectional qualifying marks. Candidates numbering up to 3 times (approx.) of the State wise and Category wise vacancies will be shortlisted for Screening from the top of the merit list drawn on State wise and Category wise subject to a candidate scoring the minimum aggregate qualifying score, as decided by the Bank.
There will be no penalty for wrong answers marked in Objective Tests. Sectional Marks will not be maintained for Online Written examinations.
SBI CBO 2021 Practice 20 Important Banking Awareness Questions with Answers
Q1. Where a cheque bears across its face crossing with the name of a banker, such a crossing will be called _______
(1) General Crossing
(2) Special Crossing
(3) Restrictive Crossing
(4) Double Crossing
(5) ‘And Co.’ Crossing
Answer: (2)
| Special Crossing is defined in Section 124 of the Negotiable Instruments Act, 1881. Special Crossing is also known as Restricted Crossing. |
Q2. To combat the menace of money laundering, which of the following financial institutions has introduced the ‘Know Your Customer’ Scheme?
(1) IDBI
(2) RBI
(3) NABARD
(4) SIDBI
(5) Other than those given as options
Answer: (2)
| The Reserve Bank of India (RBI) introduced the ‘Know Your Customer’ Scheme in 2002 to help control financial frauds, identify money laundering and suspicious activities, and for scrutiny/monitoring of large value cash transactions. |
Q3. Monetary policy is concerned with ________
(1) the changes in the supply of money
(2) buying and selling of financial instruments
(3) reducing unemployment
(4) All (1), (2) & (3)
(5) Other than those given as options
Answer: (4)
| Monetary policy laid down by the Reserve Bank of India (RBI) is concerned with the changes in the supply of money, buying and selling of financial instruments, reducing unemployment. Monetary policy can be expansionary and contractionary in nature. Expansionary monetary policy usually decreases unemployment. |
Q4. NFS is operated by ______
(1) India Post
(2) RBI
(3) NPCI
(4) CCIL
(5) IDRBT
Answer: (3)
| National Financial Switch (NFS) is operated by the National Payments Corporation of India (NPCI). |
Q5. Which of the following institutions is entrusted with the responsibility of Inspection of Regional Rural Banks?
(1) NABARD
(2) State Bank of India
(3) Reserve Bank of India
(4) Respective Sponsor Banks
(5) Respective State Government
Answer: (1)
|
NABARD is entrusted with the responsibility of Inspection of Regional Rural Banks. |
Q6. Which taxes at the Central level are being subsumed into GST?
(1) Central Excise Duty
(2) Additional Excise Duty
(3) Service Tax
(4) Special Additional Duty of Customs
(5) All the given options
Answer: (5)
| At the Central level, the following taxes namely Central Excise Duty, Additional Excise Duty, Service Tax, Special Additional Duty of Customs, and Additional Customs Duty is commonly known as Countervailing Duty are subsumed into GST. |
Q7. Which of the following sectors contributes maximum in deciding the growth in income of the states in India?
(1) Energy
(2) Tourism
(3) Service
(4) Transport
(5) Agriculture
Answer: (3)
| Service Sector contributes a maximum at 54% in deciding the growth in income of the states in India. |
Q8. Which of the following is the state has emerged as the poorest in India as per NITI Aayog’s Multidimensional Poverty Index (MPI)?
(1) Bihar
(2) Andhra Pradesh
(3) Uttar Pradesh
(4) Rajasthan
(5) Orissa
Answer: (1)
| As per the NITI Aayog’s Multidimensional Poverty Index (MPI), 51.91% of the population in Bihar is multidimensionally poor. |
Q9. Who is the person closely associated with operation flood programmes and was honoured by Padma Vibhushan?
(1) Dr. V. Kurien
(2) Dr. M. S. Swaminathan
(3) Dr. Amartya Sen
(4) Shri L. K. Advani
(5) Other than those given as options
Answer: (1)
| In the late 1960s, Dr. Verghese Kurien drew up a project called Operation Flood. |
Q10. According to RBI guidelines, the ‘Payments Banks’ are ‘permitted’ to _____
(1) Accept NRI deposits
(2) Issue Credit/Debit Cards
(3) Distribute pension/mutual fund & insurance products
(4) Offer other financial/non-financial services of promoters
(5) Set up subsidiaries to undertake non-banking financial services
Answer: (3)
| According to RBI guidelines, payments banks can undertake non-risk sharing simple financial services activities that do not require any commitment of their own funds such as distribution of mutual fund units, insurance products, pension products, etc. with the prior approval of the RBI and after complying with the requirements of the sectoral regulator for such products. |
Q11. In which year, the first five year plan was launched in India?
(1) 1981
(2) 1941
(3) 1961
(4) 1951
(5) 1971
Answer: (4)
| The First Five-Year Plan was presented before the Parliament on 9th July 1951 by India’s first Prime Minister Jawaharlal Nehru. |
Q12. ‘Financial Stability Report (FSR)’ is released by which institution?
(1) World Bank
(2) Securities Exchange Board of India (SEBI)
(3) Reserve Bank of India (RBI)
(4) Asian Development Bank (ADB)
(5) NITI Aayog
Answer: (3)
| The Reserve Bank of India (RBI) releases the ‘Financial Stability Report (FSR)’. The latest RBI’s Financial Stability Report was released on 3rd January 2022. |
Q13. The GST Council has decided to postpone the increase in GST Rate on which product?
(1) Cotton
(2) Oil
(3) Mobile Phones
(4) Textile
(5) Automobile
Answer: (4)
| The 46th Council meeting of the GST Council has decided to postpone the rate hike on textiles from 5% to 12%. Indian industry and other various States have opposed the increase in the tax to 12% from 5% effective January 1, 2022. The issue will be reviewed in the next meeting in February 2022. |
Q14. What is the revised date of the deadline for updating KYC for bank accounts?
(1) 31st March 2022
(2) 31st January 2022
(3) 31st May 2022
(4) 31st July 2022
(5) 31st October 2022
Answer: (1)
| The Reserve Bank of India (RBI) has extended the deadline for KYC in bank accounts till March 31, 2022, from the previous deadline of December 31, 2021. |
Q15. In the Indian banking industry, which private bank recently issued the first Line of Credit (LC) on the Secured Logistics Document Exchange (SLDE), a government-backed blockchain-enabled platform?
(1) HDFC Bank
(2) Axis Bank
(3) ICICI Bank
(4) IDBI Bank
(5) Induslnd Bank
Answer: (2)
| Axis Bank on Monday said it has successfully executed industry-first blockchain-enabled domestic trade transaction with Arcelor Mittal Nippon Steel India, and Lalit Pipes & Pipes Ltd on Secured Logistics Document Exchange (SLDE), a government-backed platform. |
SBI CBO Previous Years’ (2020) Banking Awareness/ General Awareness/ Economy Questions
|
TOPICS |
TOPICS |
|
CIBIL Maximum Score |
Lien Concept |
|
OCEN Full Form |
For suit filing minimum amount? |
|
Pound/INR |
Partnership firms ownership percentage |
|
Floating Rate Saving Bond |
Vigilance Week |
|
FASTAG Validity |
Punitive Vigilance |
|
UAPA 1967 ACT |
EWS |
|
RAMSAR Convention |
Apprentice Act |
|
Transparency International HQ |
Whistle Blower |
|
Indian Stamp Act |
DRT |
|
NSFI period |
BR Act 1949 |
|
PSLC |
One question on Cooperative Bank |
|
Wilful Defaulter Limit |
One question on Rojgar Yojna |
|
Languages in Indian currency |
One question on Trust – Trustee |
|
PM SVANidhi |
One question on Exchange Rate |
|
How long the bank will maintain the details of the account holder after closing the account? |
Which organization is responsible for making sure that no terrorist organization/person hold any account with any bank? |
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