Recollected Questions of Trainee Officer Exam Held on 27.01.2018
1. What is the full form of UPI?
A. Unified Payment Information
B. Universal Payment Interface
C. Unified Payment Interface
D. Universal Payment Integration
2. What is the transaction limit for UPI transfer in BHIM SBI Pay?
A. Rs.50,000 per transaction
B. Rs.75,000 per transaction
C. Rs.1,00,000 per transaction
D. Rs.1,50,000 per transaction
3. Which country was the first to implement GST?
A. Germany
B. France
C. India
D. USA
4. What is the lock-in period for a tax-saving term deposit?
A. 2 years
B. 3 years
C. 4 years
D. 5 years
5. What is the first bank to set up an ATM in India?
A. ICICI Bank
B. HSBC
C. SBI
D. HDFC Bank
6. What is the maximum loan under SBI Global Edvantage for students going abroad?
A. Rs.50 lakhs
B. Rs.1 crore
C. Rs.1.5 crore
D. Rs.2 crore
7. What is the full form of NITI?
A. National Institute for Trade in India
B. National Institution for Transforming India
C. National Institute for Technological Innovation
D. National Information and Technology Institute
8. What is the transaction limit for RTGS under Vyapaar?
A. Rs.25 lakhs per transaction
B. Rs.35 lakhs per transaction
C. Rs.45 lakhs per transaction
D. Rs.50 lakhs per transaction
9. Which country was the first to implement GST?
A. Germany
B. France
C. India
D. USA
10. What is the lock-in period for a tax-saving term deposit?
A. 2 years
B. 3 years
C. 4 years
D. 5 years
11. What is the technology used in SBI FASTag?
A. Infrared
B. NFC (Near Field Communication)
C. Radio Frequency Identification
D. Bluetooth
12. What is the number of digits in a CIF (Customer Information File) of SBI?
A. 10
B. 12
C. 11
D. 9
13. What is the RINB Quick Transfer per day limit?
A. Rs.25,000
B. Rs.50,000
C. Rs.1,00,000
D. Rs.2,00,000
14. What is the full form of DRT?
A. Debt Recovery Tribunal
B. Default Risk Tribunal
C. Direct Remittance Transfer
D. Debit Reversal Technology
15. What is the first 4 digits of MMID of SBI?
A. 9002
B. 8901
C. 7600
D. 1025
16. What is the daily UPI transfer transaction limit for BHIM SBI Pay?
A. Rs.50,000
B. Rs.75,000
C. Rs.1,00,000
D. Rs.1,50,000
17. What is the full form of RTGS?
A. Real-Time Gross Settlement
B. Rapid Transfer Gross Settlement
C. Real-Time Growth Settlement
D. Round-Time Gross Settlement
18. What is the full form of CVV?
A. Card Verification Vault
B. Card Verification Value
C. Credit Verification Value
D. Cash Value Verification
19. What is the transaction limit for RINB Quick transfer without adding a beneficiary?
A. Rs.10,000
B. Rs.15,000
C. Rs.20,000
D. Rs.25,000
20. Which country has the highest market capitalization for banks as of 2022?
A. USA
B. India
C. China
D. Japan
21. What is the full form of MOPS in the banking sector?
A. Multi Options Payment Service
B. Multiple Options Payment System
C. Managed Online Payment System
D. Mobile Operating Payment System
22. What is the SBI Chairperson appointed under?
A. Section 19(a) of SBI Act
B. Section 20(b) of SBI Act
C. Section 15(c) of Banking Act
D. Section 12(a) of Banking Regulation Act
23. What is the software used by SBI for Anti-Money Laundering?
A. AMLOCK
B. SWIFT
C. AML Manager
D. TRACE
24. What is the rating assigned by Moody’s for India in 2022?
A. Stable Outlook Baa3
B. Positive Outlook A2
C. Negative Outlook Baa2
D. Neutral Outlook Baa1
25. What is the limit of POS transactions per day for SBI Classic Debit Card?
A. Rs.25,000
B. Rs.50,000
C. Rs.1,00,000
D. Rs.75,000
26. What is the URL for SBI’s single sign-on (SSO) platform?
A. sso.sbi.com
B. sso.sbi.co.in
C. login.sbi.co.in
D. sso.sbi.org
27. What is the full form of FSDC in the financial sector?
A. Financial Systems Data Council
B. Financial Security and Development Commission
C. Financial Stability and Development Council
D. Financial Standards and Development Committee
28. What is the daily limit for cash deposit in SBI CDMs?
A. Rs.25,000
B. Rs.49,900
C. Rs.1,00,000
D. Rs.2,00,000
29. Which bank launched India’s first mobile ATM?
A. HDFC Bank
B. SBI
C. ICICI Bank
D. Axis Bank
30. What is the full form of IFSC?
A. Indian Financial System Code
B. International Finance Secure Code
C. International Financial Security Code
D. Indian Financial Secure Code
31. What is the full form of VIRUS?
A. Vital Information Resources Under Siege
B. Virtual Information Resources Under System
C. Valuable Information Resource Under Security
D. Vital Infrastructure for Resources Under Surveillance
32. What is the full form of TCRN?
A. Transaction Code Record Number
B. Temporary Customer Reference Number
C. Transfer Customer Registration Number
D. Transaction Customer Reference Number
33. How many digits are there in an IFSC code?
A. 10
B. 12
C. 11
D. 9
34. What is the service provider for Western Union Money Transfers in SBI?
A. SwiftLink
B. FastLink
C. Translink
D. WesternLink
35. What is the full form of RTGS in banking?
A. Real-Time Gross Settlement
B. Rapid Transfer Gross Settlement
C. Real-Time Growth Settlement
D. Round-Time Gross Settlement
36. What is the software used in Western Union money transfers?
A. Translink
B. RemitLink
C. QuickTransfer
D. TransferPro
37. What does NIM signify in the banking industry?
A. Net Interest Margin
B. Net Income Margin
C. Non-Interest Margin
D. Non-Income Margin
38. What is the return on assets (RoA) percentage of SBI as of March 2022?
A. 0.55%
B. 0.67%
C. 0.75%
D. 0.80%
39. How many login PIN digits are required for SBI Anywhere?
A. 4 digits
B. 5 digits
C. 6 digits
D. 8 digits
40. What is the maximum order limit for Banking Ombudsman?
A. Rs.10 lakhs
B. Rs.15 lakhs
C. Rs.20 lakhs
D. Rs.25 lakhs
41. What is the maximum permitted age to open a Sukanya Samriddhi account for girls?
A. 8 years
B. 10 years
C. 12 years
D. 14 years
42. What is the name of SBI Missed Call Banking?
A. SBI Quick
B. SBI Instant
C. SBI Now
D. SBI Call
43. What is the minimum land holding of farmers required for sanctioning tractor advances under tie-up?
A. 1 acre
B. 2 acres
C. 3 acres
D. 5 acres
44. For resetting of EMI based on a change in interest rates over 1%, the minimum loan outstanding should be:
A. Rs.2 lakhs
B. Rs.5 lakhs
C. Rs.10 lakhs
D. Rs.20 lakhs
45. How many circles does SBI have?
A. 15
B. 16
C. 17
D. 18
46. What are the new circles opened by SBI?
A. Mumbai and Kolkata
B. Amaravati and Jaipur
C. Pune and Ahmedabad
D. Hyderabad and Bangalore
47. SBI Chairperson is appointed under which Act?
A. SBI Act Section 19(a)
B. Banking Regulation Act Section 12(a)
C. RBI Act Section 21(b)
D. Companies Act Section 17(c)
48. What is the maximum amount that can be accepted under ASBA?
A. Rs.1 lakh
B. Rs.1.5 lakhs
C. Rs.2 lakhs
D. Rs.5 lakhs
49. _____ and IFFCO released a co-branded debit card for farmers to promote a cashless economy.
A. ICICI Bank
B. Axis Bank
C. SBI
D. HDFC Bank
50. What is the Return on Assets (RoA) % of SBI as of March 2022?
A. 0.67%
B. 0.70%
C. 0.75%
D. 0.80%
51. What is the Deduplication Screen Number in CBS?
A. 61466
B. 61234
C. 61123
D. 61567
52. What is the cut-off amount above which 2 CIRs (Credit Information Reports) are required for home loans?
A. Rs.5 lakhs
B. Rs.10 lakhs
C. Rs.15 lakhs
D. Rs.20 lakhs
53. Under the Corporate Salary Package, which account variant is offered to a contractual employee earning more than Rs.1 lakh?
A. Silver
B. Gold
C. Platinum
D. Diamond
54. Under the Corporate Salary Package, what is the eligibility amount and repayment period for sanctioning an overdraft facility to the salaried class?
A. 1 month’s gross pay, repayable in 3 months
B. 2 months’ gross pay, repayable in 6 months
C. 3 months’ gross pay, repayable in 12 months
D. 2 months’ gross pay, repayable in 9 months
55. As per RBI guidelines, a customer suffers no loss on fraudulent transactions on his card if he complains within how many days?
A. 3 days
B. 5 days
C. 7 days
D. 10 days
56. What is the full form of CVV in card transactions?
A. Card Verification Value
B. Card Validation Value
C. Credit Verification Value
D. Card Virtual Value
57. What is a firewall used for in the banking system?
A. To secure access to internal bank servers and networks
B. To prevent bank employees from using unauthorized websites
C. To encrypt data for secure transactions
D. To backup bank data in case of disaster
58. Who is a hacker?
A. A person who creates software to help banks
B. A person who designs security systems
C. A person who gains unauthorized access to systems or networks
D. A person who reports vulnerabilities in systems
59. What is ransomware?
A. Software that steals money from online bank accounts
B. Software that encrypts a victim’s files and demands payment for access
C. Software used for secure online banking transactions
D. Software used by hackers to track transactions
60. Which bank has the highest market capitalization in India?
A. SBI
B. ICICI Bank
C. HDFC Bank
D. Axis Bank
61. What is the full form of FSDC in the financial sector?
A. Financial Stability and Development Council
B. Financial System Data Corporation
C. Financial Security and Data Council
D. Financial Surveillance and Development Committee
62. How many digits are there in an IFSC code?
A. 11
B. 9
C. 10
D. 12
63. What is the daily cash deposit limit in CDMs (Cash Deposit Machines) in SBI?
A. Rs.10,000
B. Rs.49,900
C. Rs.1 lakh
D. Rs.2 lakhs
64. What is the full form of TCRN in banking?
A. Transaction Code Registration Number
B. Temporary Customer Reference Number
C. Transaction Control Record Number
D. Transfer Control Reference Number
65. How many login PIN digits are used in SBI Anywhere?
A. 4
B. 5
C. 6
D. 8
66. What is the maximum loan amount under the Certified Pre-owned Car Loan Scheme?
A. Rs.25 lakhs
B. Rs.50 lakhs
C. Rs.75 lakhs
D. Rs.1 crore
67. What is the NAI (Net Annual Income) required for the salaried class for availing a vehicle loan under the SBI New Car Loan Scheme?
A. Rs.2 lakhs
B. Rs.3 lakhs
C. Rs.4 lakhs
D. Rs.5 lakhs
68. What is the maximum order limit for Banking Ombudsman?
A. Rs.10 lakhs
B. Rs.15 lakhs
C. Rs.20 lakhs
D. Rs.25 lakhs
69. What is the cut-off amount for borrowal accounts to be rated externally?
A. Rs.10 crore
B. Rs.25 crore
C. Rs.50 crore
D. Rs.100 crore
70. What is the market share of home loans in SBI as of March 2022?
A. 15.34%
B. 20.54%
C. 23.34%
D. 25.45%
71. What does NIM stand for in banking?
A. Net Interest Margin
B. Net Income Margin
C. Non-Interest Margin
D. Non-Income Margin
72. How many countries is SBI present in?
A. 20 countries
B. 25 countries
C. 30 countries
D. 35 countries
73. What is the first bank to set up an ATM in India?
A. SBI
B. ICICI Bank
C. HSBC
D. Axis Bank
74. What is the minimum credit score required for financing a tractor under the modified Tractor Loan Scheme?
A. 60
B. 65
C. 71
D. 75
75. In which subsidiary does SBI hold a 100% stake?
A. SBI Life Insurance
B. SBI Capital Markets
C. SBI Foundation
D. SBI Infrastructure Management Solutions Pvt. Ltd.
76. What is the minimum amount for RTGS remittances for individuals?
A. Rs.50,000
B. Rs.1 lakh
C. Rs.2 lakhs
D. Rs.5 lakhs
77. What is the maximum amount of balance allowed in Small Accounts at any point of time?
A. Rs.25,000
B. Rs.50,000
C. Rs.75,000
D. Rs.1,00,000
78. What is the maximum loan allowed under SBI Global Edvantage for students going abroad?
A. Rs.1 crore
B. Rs.1.5 crore
C. Rs.2 crore
D. Rs.75 lakh
79. What is the daily UPI transfer transaction limit for BHIM SBI Pay?
A. Rs.50,000
B. Rs.75,000
C. Rs.1,00,000
D. Rs.1,50,000
80. What is the lock-in period for tax-saving term deposits in SBI?
