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SBI Clerk Mains Mock Test - 5 - Banking Exams MCQ


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30 Questions MCQ Test - SBI Clerk Mains Mock Test - 5

SBI Clerk Mains Mock Test - 5 for Banking Exams 2024 is part of Banking Exams preparation. The SBI Clerk Mains Mock Test - 5 questions and answers have been prepared according to the Banking Exams exam syllabus.The SBI Clerk Mains Mock Test - 5 MCQs are made for Banking Exams 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for SBI Clerk Mains Mock Test - 5 below.
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SBI Clerk Mains Mock Test - 5 - Question 1

In May 2021, in Odisha, in the Niyamgiri Hill range, 23 persons belonging to which community have tested positive for COVID-19?

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 1
The COVID-19 situation has worsened in certain areas inhabited by Particularly Vulnerable Tribal Groups (PVTGs) in Odisha.

23 persons belonging to the Dongria Kondh community, a PVTG in the Niyamgiri Hill range in Odisha, have tested positive for COVID-19.

Similarly, in Malkangiri district, Bonda Hill, home to the Bonda community, another PVTG, has been declared as a containment zone.

PVTGs are more vulnerable among tribal groups.

They have a declining or stagnant population, low level of literacy, pre-agricultural level of technology, and are economically backward.

There are 75 PVTGs, spread over 18 states and one Union Territory (A&N Islands) in the country (2011 census).

Hence, the correct option is (B).

SBI Clerk Mains Mock Test - 5 - Question 2

Bharat BillPay transaction can be initiated through multiple payment channels like-

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 2
Bharat BillPay transaction can be initiated through multiple payment channels like Internet, Internet Banking, Mobile, Mobile-Banking, POS (Point of Sale terminal), Mobile Wallets, MPOS (Mobile Point of Sale terminal), Kiosk, ATM, Bank Branch, Agents and Business Correspondents.

Hence, the correct option is (E).

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SBI Clerk Mains Mock Test - 5 - Question 3

The Punjab Cabinet has given its nod to Punjab Prison Rules, 2021, under the Prison Act of which year thus superseding the archaic and outdated jails manual?

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 3
he Punjab Cabinet has given its nod to Punjab Prison Rules, 2021, under the Prison Act 1894, thus superseding the archaic and outdated jails manual.

The Punjab Jail Manual 1996 primarily focused more on safe and secure custody of prisoners.

Punjab Prison Rules 2021 lay emphasis not only on safe and secure custody but also on other aspects, such as welfare, corrections, and aftercare.

Punjab:

  • Chief Minister - Captain Amarinder Singh.

  • Governor - V. P. Singh Badnore.

  • Lok Sabha seats - 13.

  • Rajya Sabha seats - 7.

Number of Districts - 22.​

Hence, the correct option is (C).

SBI Clerk Mains Mock Test - 5 - Question 4

DCB Bank Limited is a private sector scheduled commercial bank in India. Where is the head office of DCB Bank Limited?

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 4
DCB Bank Ltd. is a private sector scheduled commercial bank in India. The head office of DCB Bank Limited is in Mumbai.

Hence, the correct option is (E).

SBI Clerk Mains Mock Test - 5 - Question 5

In May 2021, the Delhi cabinet has approved how many rupees assistance to drivers and permit holders of autorickshaws?

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 5
The Delhi cabinet has approved ₹5,000 assistance to drivers and permit holders of autorickshaws.

Among the beneficiaries are also drivers of e-rickshaws, taxis, Phat Phat Sewa, eco-friendly Sewa, Gramin Sewa, and maxi cabs holding PSV-Public Service Badge (drivers).

Delhi currently has over 2.80 lakh PSV badge holders and 1.90 lakh permit holders who are eligible to apply for the scheme.

Hence, the correct option is (C).

SBI Clerk Mains Mock Test - 5 - Question 6

Which monetary policy tool is correctly matched with its objective?

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 6
Bank rate is a rate at which RBI provides the loan to commercial banks without keeping any security. In this instance, there is no repurchasing agreement signed and no collateral is involved. Bank rate in India is fixed by Reserve Bank of India. It is generally higher than Repo Rate as it is a significant instrument to regulate the liquidity.

Other important monetary tools used in India:

  • Repo rate can be defined as an amount of interest that is charged by the Reserve Bank of India while lending funds to the commercial banks.

  • Reverse repo rate is the rate of interest that is provided by the Reserve bank of India while borrowing money from the commercial banks.

  • Selective credit controls are used to influence specific types of credit for particular purposes. They usually take the form of changing margin requirements to control speculative activities within the economy.

  • Moral Suasion: Under this method, RBI urges to commercial banks to help in controlling the supply of money in the economy.

Hence, the correct option is (A).

SBI Clerk Mains Mock Test - 5 - Question 7

Eat Right Movement has been launched by which among the following?

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 7
Eat Right Movement was launched by the Food Safety and Standards Authority of India (FSSAI).

The movement aims to cut down salt/sugar and oil consumption by 30% in three years.

It also aims to engage and enable citizens to improve their health and well-being by making the right food choices.

This movement is aligned with the government’s flagship public health programmes such as POSHAN Abhiyaan, Anemia Mukt Bharat, Ayushman Bharat Yojana and Swachh Bharat Mission.

FSSAI has put in place robust regulatory measures under three major pillars: Eat Safe, Eat Health and Eat Sustainably for the programme.

FSSAI has prescribed a limit for Total Polar Compounds (TPC) at 25% in cooking oil to avoid the harmful effects of reused cooking oil.

Hence, the correct option is (A).

SBI Clerk Mains Mock Test - 5 - Question 8

Election Commission has decided to set up a Core Committee to identify learning, experiences, shortcomings from which of the following recently the Poll-gone States?

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 8
Election Commission has decided to set up a Core Committee to identify learning, experiences, shortcomings from recently Poll-gone States of Assam, Bihar, Kerala, Tamil Nadu, West Bengal and UT of Puducherry.

The committee will be headed by the Secretary-General of the Commission.

The committee has been broadly tasked to identify the shortcomings or gaps in Election Commission regulatory regime.

Hence, the correct option is (E).

SBI Clerk Mains Mock Test - 5 - Question 9

Which of the following is the name of online Aadhar based savings account facility launched by Fino Payments Banks Ltd to make a transaction at non-Fino points also?

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 9

Hence, the correct option is (A).

SBI Clerk Mains Mock Test - 5 - Question 10

Which among the following characteristic is correctly matched with the given market structure?

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 10
Perfect competition is the situation prevailing in a market in which buyers and sellers are so numerous and well informed that all elements of monopoly are absent and the market price of a commodity is beyond the control of individual buyers and sellers.

Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another and so are not perfect substitutes.

A monopoly exists when a specific person or enterprise is the only supplier of a particular commodity.

An oligopoly is a market form wherein a market or industry is dominated by a small number of large sellers.

Hence, the correct option is (A).

SBI Clerk Mains Mock Test - 5 - Question 11

Among the following who are eligible to benefit from the "Mahatma Gandhi National Rural Employment Guarantee Act"?

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 11
Mahatma Gandhi Employment Guarantee Act that was passed in September 2005:
  • It is a social security measure that aims to guarantee the 'right to work'.

  • The MGNREGA provides a legal guarantee for one hundred days of employment in every financial year to adult members of any rural household willing to do public work-related unskilled manual work at the statutory minimum wage.

  • The Ministry of Rural Development (MRD), Govt of India is monitoring the entire implementation of this scheme in association with state governments.

The following are the eligibility criteria for receiving the benefits under the MGNREGA scheme:

  • Must be a Citizen of India.

  • Any citizen above 18 years of age at the time of application.

  • The applicant must be part of a rural household.

  • Applicants must volunteer for unskilled labour work.

  • Households are eligible for unemployment allowances if employment has not been provided after 15 days of applying.

Hence, the correct option is (D).

SBI Clerk Mains Mock Test - 5 - Question 12

Under the ‘Chhattisgarh Mahtari Dular Yojna’, a stipend of how many rupees per month will be paid to such children from classes 1 to 8?

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 12
The Chhattisgarh government has decided to launch the ‘Chhattisgarh Mahtari Dular Yojna’ for children who have lost parents to COVID-19.

Under the scheme, a stipend of Rs 500 per month will be paid to such children from classes 1 to 8 and Rs 1,000 per month from classes 9 to 12.

The state government will also fund the education of the children who have lost breadwinner of the family to COVID-19.

Chhattisgarh:

  • Chief Minister - Bhupesh Baghel.

  • Governor - Anusuiya Uikey.

  • Lok Sabha seats - 11.

  • Rajya Sabha seats - 5

Hence, the correct option is (B).

SBI Clerk Mains Mock Test - 5 - Question 13

Which Payments bank has launched Aadhaar Enabled Payment System(AEPS) service?

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 13
Airtel Payments Bank rolls out "Aadhaar Enabled Payment System" service.

The AEPS is a bank-led model which allows online interoperable financial transactions at a Point of Sale(PoS) through business correspondent of any bank using Aadhaar authentication.

It will help people to do transactions at over 2,50,000 of its banking points across India.

It allows customers to carry out transactions by using their Aadhaar number or virtual ID to access their bank accounts.

The AEPS allows six types of transactions, including deposit and withdrawal.

The AEPS platform offers ease of secured banking to everyone by using only their Aadhaar.

COO- Ganesh Ananthanarayanan

Hence, the correct option is (A).

SBI Clerk Mains Mock Test - 5 - Question 14

Which of the following is associated with the Sustainable Alternative Towards Affordable Transportation (SATAT) programme?

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 14
The initiative is aimed at providing a Sustainable Alternative Towards Affordable Transportation (SATAT) as a developmental effort that would benefit both vehicle-users as well as farmers and entrepreneurs.

Compressed Bio-Gas plants are proposed to be set up mainly through independent entrepreneurs.

Compressed Bio-Gas produced at these plants will be transported through cascades of cylinders to the fuel station networks of Oil Marketing Companies for marketing as a green transport fuel alternative.

The entrepreneurs would be able to separately market the other by-products from these plants, including bio-manure, carbon-dioxide, etc., to enhance returns on investment.

Hence, the correct option is (C).

SBI Clerk Mains Mock Test - 5 - Question 15

Tughlaq Nama was written by______.

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 15

Tughlaq Nama was written by Amir Khusrau.

Amir Khusrau was born in 1253 in Patiyali, Delhi Sultanate (now in Uttar Pradesh).

Khusrau was referred to as the "voice of India" or "Parrot of India" (Tuti-e-Hind).

Tarana and Trivat are also credited to Khusrau.

He was also regarded as the "father of qawwali.

Khusrau is credited for the invention of the sitar.

Hence, the correct option is (A).

SBI Clerk Mains Mock Test - 5 - Question 16

The idea of residuary powers in the Indian Constitution was borrowed from the Constitution of ________.

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 16
The idea of Residuary Powers has been taken in the Canadian Constitution. Other features borrowed from the Canadian Constitution
  • Federation with a strong Centre

  • Appointment of state governors by the Centre,

  • Advisory jurisdiction of the Supreme Court.

Features borrowed from the United Kingdom

  • Parliamentary government,

  • Rule of Law,

  • Legislative procedure,

  • Single citizenship,

  • Cabinet system,

  • Prerogative writs,

  • Parliamentary privileges and

  • Bicameralism.

Features borrowed from France

  • Republic and the ideals of liberty, equality, and fraternity in the Preamble.

Features borrowed from Germany

  • Suspension of Fundamental Rights during Emergency

Hence, the correct option is (D).

SBI Clerk Mains Mock Test - 5 - Question 17

Who has become the 1st Indian woman cricketer to score 10,000 runs?

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 17
Captain of the India women’s team, Mithali Raj on 12 March 2021 became the first woman cricketer from the country and only the second overall to score 10,000 international runs.

Mithali Raj, playing her 212th ODI for India, achieved the landmark during the third match of the bilateral series against South Africa.

Hence, the correct option is (A).

SBI Clerk Mains Mock Test - 5 - Question 18

_______ is responsible for discharging certain core traditional central banking functions, viz., acting as bankers to the Government and banks and managing public debt of both, central and state governments.

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 18
The Department of Government and Bank Accounts (DGBA) is responsible for discharging certain core traditional central banking functions, viz., acting as bankers to the Government and banks and managing public debt of both, central and state governments. It is also responsible for maintenance of the Reserve Bank's internal accounts and compilation of its weekly and annual accounts.

Hence, the correct option is (E).

SBI Clerk Mains Mock Test - 5 - Question 19

Consider the following statements regarding Pradhan Mantri Fasal Bima Yojana (PMFBY):

1. It provides a comprehensive insurance cover against the failure of the crop thus helping in stabilising the income of the farmers.

2. The prescribed premium is 2% to be paid by farmers for all Kharif crops and 1.5% for all rabi crops. In the case of annual commercial and horticultural crops, the premium is 5%.

3. The scheme was compulsory for loanee farmers availing Crop Loan/Kisan Credit Card (KCC) account for notified crops and voluntary for others.

Q. Which of the statements given above is/are correct?

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 19
Recently, the flagship crop insurance scheme of the Government of India - the Pradhan Mantri Fasal Bima Yojana (PMFBY) - has completed five years of its launch.

PMFBY was launched on 13th January 2016.

The scheme was conceived as a milestone initiative to provide a comprehensive risk solution at the lowest uniform premium across the country for farmers.

Hence, the correct option is (E).

SBI Clerk Mains Mock Test - 5 - Question 20

Who won the first prize in Telecom Skill Excellence Awards, 2020?

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 20
On December 18, 2020, the Union Minister of Communications and Electronics and Information Technology Shri Ravi Shankar Prasad presented Telecom Skill Excellence Awards.

The first prize was won by Srinivas Karanam.

He won the award for developing a cost-effective technical solution for deep-sea communication.

The service enables the fishermen to have one-one voice calls, group calls, SMS, Location services, and Emergency services while they are out of GSM coverage area.

Subrat Kar, New Delhi was selected for the Second prize for his innovative solution on development & deployment of a large-scale sensor network and devices to avoid a train-animal collision.

Hence, the correct option is (C).

SBI Clerk Mains Mock Test - 5 - Question 21

WHO’s REPLACE campaign is related to-

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 21
WHO released REPLACE, a step-by-step guide for the elimination of industrially-produced trans-fatty acids from the global food supply.

The REPLACE action package provides a strategic approach to eliminating industrially-produced trans fat from national food supplies, with the goal of global elimination by 2023.

Increased intake of trans fat (>1% of total energy intake) is associated with increased risk of coronary heart disease mortality and events.

Trans fat intake is responsible for more than 500,000 premature deaths from coronary heart disease each year around the world.

The package comprises an overarching technical document that provides a rationale and framework for this integrated approach to trans fat elimination, along with six modules and additional web resources to facilitate implementation.

Hence, the correct option is (D).

SBI Clerk Mains Mock Test - 5 - Question 22

The ______ exercises regulatory powers in respect of commercial banks, Local Area Banks (LABs) and Regional Rural Banks (RRBs) as per the provisions contained in the Banking Regulation Act, 1949, the Reserve Bank of India Act, 1934, the Regional Rural Banks Act, 1975 and other related statutes.

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 22
The Department of Banking Regulation exercises regulatory powers in respect of commercial banks, Local Area Banks (LABs) and Regional Rural Banks (RRBs) as per the provisions contained in the Banking Regulation Act, 1949, the Reserve Bank of India Act, 1934, the Regional Rural Banks Act, 1975 and other related statutes.

Hence, the correct option is (D).

SBI Clerk Mains Mock Test - 5 - Question 23

The RBI has come up with a positive pay system for cheque payments to prevent cases of banking fraud. From when will it be implemented?

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 23
The RBI has come up with a positive pay system for cheque payments to prevent cases of banking fraud.

It will be implemented from January 1, 2021.

Customers will now have to furnish details of cheques like name of the beneficiary, payee, amount to the drawee bank and date through available means, SMS, internet banking or ATM and mobile app.

Hence, the correct option is (C).

SBI Clerk Mains Mock Test - 5 - Question 24

Who was awarded as the FIFA player of the year awards in the female category 2020?

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 24
2020 provided a notable first as Lucy Bronze became the first-ever defender to collect women’s football’s most prestigious individual award.

The England star is also the first full-back of either gender to be crowned The Best.

Strength, skill, athleticism, and intelligence have long-established her as one of the world’s foremost players, and a formidable force in all areas of the pitch, outstanding defender has earned a special place in history.

Hence, the correct option is (A).

SBI Clerk Mains Mock Test - 5 - Question 25

At least 600 people throughout which state participated in a three-day Monkey Census in April 2021?

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 25
At least 600 people throughout Haryana participated in a three-day Monkey Census between 28-30 April 2021.

They documented approximately 6,000 monkeys on a specially designed mobile application.

The mobile application, titled ‘Wildlife Census Haryana’, was designed by the Wildlife Institute of India (WII), Dehradun.

Haryana:

  • Chief Minister - Manohar Lal Khattar.

  • Governor - Satyadev Narayan Arya.

  • Lok Sabha seats - 10.

  • Rajya Sabha seats - 5.

Hence, the correct option is (B).

SBI Clerk Mains Mock Test - 5 - Question 26

A cheque is called ‘mutilated cheque’ when:

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 26
When a cheque is torn into two or more pieces and presented for payment, such a cheque is called a mutilated cheque.

The bank will not make payment against such a cheque without getting confirmation of the drawer.

Hence, the correct option is (A).

SBI Clerk Mains Mock Test - 5 - Question 27

In Himachal Pradesh, AYUSH Department launched a state-wide wellness programme 'AYUSH Ghar Dwar' for COVID-19 patients, in which district, in May 2021?

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 27
In Himachal Pradesh, AYUSH Department launched a state-wide wellness programme 'AYUSH Ghar Dwar' for COVID-19 patients, in the Solan district on 14 May 2021.

The initiative aims to provide a holistic healthcare approach through AYUSH to ensure not only physical but also mental, social and spiritual wellbeing to patients.

It has been launched in collaboration with the Art of Living Organization.

Himachal Pradesh:

  • Chief Minister - Jai Ram Thakur.

  • Governor - Bandaru Dattatreya.

  • Number of Districts - 12.

Hence, the correct option is (B).

SBI Clerk Mains Mock Test - 5 - Question 28

'Amukta Malyada' was written by ______.

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 28
Krishnadeva Raya (1509-30) was the greatest figure of the Tuluva Dynasty.

Some of the historians consider him the greatest of all Vijayanagara Rulers.

Amukta Malyada is a masterpiece of Telugu literature.

Amukta Malyada tells the well known story of the daughter of Periazhvar, Goda Devi, who used to wear the garlands intended for Lord Ranganatha.

Amukta Malyada means one who wears and gives away garlands.

Vijaya nagara empire was founded by Harihara and Bukka in the year 1336.

Hence, the correct option is (D).

SBI Clerk Mains Mock Test - 5 - Question 29

Consider the following statements/provisions

  • It was the first step taken by the British Government to control and regulate the affairs of the East India Company in India

  • It recognized, for the first time, the political and administrative functions of the Company

  • It laid the foundations of central administration in India

Q. Which of the following acts is being discussed in the above provisions?

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 29
This act is of great constitutional importance as-
  • It was the first step taken by the British Government to control and regulate the affairs of the East India Company in India;

  • It recognized, for the first time, the political and administrative functions of the Company; and

  • It laid the foundations of central administration in India.

Features of the Act

  • It designated the Governor of Bengal as the ‘Governor-General of Bengal’ and created an Executive Council of four members to assist him. The first such Governor-General was Lord Warren Hastings.

  • It made the governors of Bombay and Madras presidencies subordinate to the governor-general of Bengal, unlike earlier when the three presidencies were independent of one another.

  • It provided for the establishment of a Supreme Court at Calcutta (1774) comprising one chief justice and three other judges.

  • It prohibited the servants of the Company from engaging in any private trade or accepting presents or bribes from the ‘natives’.

  • It strengthened the control of the British Government over the Company by requiring the Court of Directors (the governing body of the Company) to report on its revenue, civil, and military affairs in India.

Hence, the correct option is (A)

SBI Clerk Mains Mock Test - 5 - Question 30

What is the tenure of Chief Compliance Officer, according to the recent guidelines prescribed by RBI for the appointment of Chief Compliance Officer of a bank?

Detailed Solution for SBI Clerk Mains Mock Test - 5 - Question 30
RBI has prescribed the following conditions for the appointment of Chief Compliance Officer for a bank (CCO)

CCO must be a senior bank officer, preferably General Manager, or having an equivalent rank.

The appointed individual should serve at the position for a period of 3 years.

CCO should neither be removed nor transferred before the completion of 3 years other than some exceptional case.

RBI also prescribed the banks to avoid double hatting i.e. CCO should not be given any such responsibility which can be the reason for elements of conflict of interests between two posts held by that individual.

He should also not be appointed a member of any committee which can bring his position as CCO in elements of conflict of interests with his role as a member of that committee.

If he has to be appointed to any such Committee, he can have only an advisory role.

Hence, the correct option is (B).

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