Q1. Banking Regulation in India is governed by:
A) Companies Act
B) RBI Act
C) Banking Regulation Act, 1949
D) Negotiable Instruments Act
Answer: C) Banking Regulation Act, 1949
Q2. CRR is maintained with:
A) SBI
B) RBI
C) Government
D) NABARD
Answer: B) RBI
Q3. KYC norms are primarily meant to:
A) Increase sales
B) Prevent money laundering
C) Improve marketing
D) Customer satisfaction
Answer: B) Prevent money laundering
Q4. AML stands for:
A) Anti Money Laundering
B) Asset Management Law
C) Account Monitoring Limit
D) Anti Market Loss
Answer: A) Anti Money Laundering
Q5. PAN is mandatory for transactions above:
A) ₹10,000
B) ₹50,000
C) ₹2,00,000
D) ₹5,00,000
Answer: B) ₹50,000
Q6. Priority Sector target for banks is:
A) 30%
B) 40%
C) 50%
D) 60%
Answer: B) 40%
Q7. Agriculture falls under:
A) Corporate lending
B) Priority sector
C) Retail lending
D) MSME
Answer: B) Priority sector
Q8. Full form of CBS is:
A) Central Banking System
B) Core Banking Solution
C) Core Branch Service
D) Customer Banking System
Answer: B) Core Banking Solution
Q9. Ombudsman is appointed by:
A) SBI
B) RBI
C) Government
D) NABARD
Answer: B) RBI
Q10. Savings account interest is decided by:
A) Government
B) RBI
C) Bank Board
D) Parliament
Answer: C) Bank Board
Q11. NPA is an account overdue for more than:
A) 30 days
B) 60 days
C) 90 days
D) 120 days
Answer: C) 90 days
Q12. Sub-standard asset remains in that category for:
A) 6 months
B) 12 months
C) 18 months
D) 24 months
Answer: B) 12 months
Q13. CIBIL score relates to:
A) Deposits
B) Credit history
C) KYC
D) AML
Answer: B) Credit history
Q14. RTGS minimum amount is:
A) ₹1 lakh
B) ₹2 lakh
C) ₹5 lakh
D) No minimum
Answer: B) ₹2 lakh
Q15. NEFT works on:
A) Real time
B) Hourly batch
C) Half-hourly batch
D) Daily batch
Answer: C) Half-hourly batch
Q16. CASA stands for:
A) Current and Savings Account
B) Cash and Saving Assets
C) Current Asset Saving Account
D) Customer Account Saving Asset
Answer: A) Current and Savings Account
Q17. Term deposits are also called:
A) Demand deposits
B) Time deposits
C) CASA
D) Liquid deposits
Answer: B) Time deposits
Q18. Lead Bank Scheme is monitored by:
A) RBI
B) SBI
C) NABARD
D) Finance Ministry
Answer: A) RBI
Q19. MSME classification is based on:
A) Turnover & investment
B) Only turnover
C) Only investment
D) Staff strength
Answer: A) Turnover & investment
Q20. KYC documents are called:
A) OVD
B) IDP
C) AML docs
D) PAN set
Answer: A) OVD
Q21. OVD means:
A) Official Verification Document
B) Officially Valid Document
C) Original Verified Document
D) Online Verification Data
Answer: B) Officially Valid Document
Q22. FATCA relates to:
A) Tax compliance
B) Loan recovery
C) Audit
D) KYC India
Answer: A) Tax compliance
Q23. SARFAESI Act is used for:
A) Deposit recovery
B) Loan recovery without court
C) Customer KYC
D) Audit
Answer: B) Loan recovery without court
Q24. Hypothecation relates to:
A) Immovable property
B) Movable assets
C) Gold loan
D) Deposit
Answer: B) Movable assets
Q25. Mortgage relates to:
A) Movable property
B) Immovable property
C) Gold
D) Shares
Answer: B) Immovable property
Q26. LTV ratio is important in:
A) Deposits
B) Loans
C) Audit
D) KYC
Answer: B) Loans
Q27. Primary security is:
A) Collateral
B) Asset financed
C) Guarantee
D) Insurance
Answer: B) Asset financed
Q28. Collateral security is:
A) Main asset
B) Additional security
C) Deposit
D) Insurance
Answer: B) Additional security
Q29. Demand loan is repayable:
A) In EMI
B) On demand
C) After 5 years
D) Quarterly
Answer: B) On demand
Q30. EMI stands for:
A) Equal Monthly Installment
B) Easy Monthly Interest
C) Equal Money Installment
D) Extra Monthly Installment
Answer: A) Equal Monthly Installment
Q31. Retail banking deals with:
A) Corporates
B) Individuals
C) Government
D) RBI
Answer: B) Individuals
Q32. Clearing house operations are managed by:
A) SBI
B) RBI
C) NPCI
D) NABARD
Answer: C) NPCI
Q33. UPI is developed by:
A) RBI
B) SBI
C) NPCI
D) UIDAI
Answer: C) NPCI
Q34. IMPS works:
A) Only during banking hours
B) 24×7
C) Weekly
D) Monthly
Answer: B) 24×7
Q35. Audit ensures:
A) Profit
B) Compliance
C) Sales
D) Marketing
Answer: B) Compliance
Q36. Concurrent audit happens:
A) Yearly
B) Real time
C) Monthly
D) Quarterly
Answer: B) Real time
Q37. Revenue leakage is checked by:
A) Marketing
B) Audit
C) Customer care
D) HR
Answer: B) Audit
Q38. Customer complaint is resolved by:
A) Branch head
B) Ombudsman if unresolved
C) RBI directly
D) Police
Answer: B) Ombudsman if unresolved
Q39. Passbook is a record of:
A) Bank profit
B) Customer transactions
C) KYC
D) Audit
Answer: B) Customer transactions
Q40. Cheque validity is:
A) 1 month
B) 3 months
C) 6 months
D) 12 months
Answer: B) 3 months
Here are Questions 41–100 for your
SBI JMGS-I Internal Promotion Exam Mock Test.
(Same font/size style. Questions and answers in bold. Answers placed just below options with slight spacing.)
41. Which authority regulates KYC guidelines for banks in India?
A) SEBI
B) Ministry of Finance
C) RBI
D) IBA
Answer: C) RBI
42. Full form of STR in AML reporting is:
A) Suspicious Transaction Report
B) Special Transaction Record
C) System Transaction Report
D) Secured Transfer Report
Answer: A) Suspicious Transaction Report
43. Priority Sector target for Domestic Scheduled Commercial Banks is:
A) 30%
B) 40%
C) 50%
D) 60%
Answer: B) 40%
44. Maximum limit for Education Loan under Priority Sector without collateral is:
A) ₹4 lakh
B) ₹7.5 lakh
C) ₹10 lakh
D) ₹20 lakh
Answer: B) ₹7.5 lakh
45. KYC is mandatory under which Act?
A) Banking Regulation Act
B) PMLA
C) FEMA
D) NI Act
Answer: B) PMLA
46. CKYCR stands for:
A) Central KYC Records Registry
B) Central Know Your Customer Registry
C) Customer KYC Record Register
D) Centralized KYC Reporting
Answer: B) Central Know Your Customer Registry
47. In CBS, CIF stands for:
A) Customer Information File
B) Central Identity File
C) Customer Index Form
D) Core Information File
Answer: A) Customer Information File
48. Banking Ombudsman Scheme is introduced by:
A) RBI
B) SBI
C) SEBI
D) Govt of India
Answer: A) RBI
49. Maximum time to resolve customer complaint at branch level:
A) 3 days
B) 7 days
C) 30 days
D) 45 days
Answer: C) 30 days
50. FATCA relates to:
A) Indian Tax System
B) US Tax Compliance
C) Loan Recovery
D) Credit Rating
Answer: B) US Tax Compliance
51. Which document is NOT valid for KYC?
A) Aadhaar
B) PAN
C) Voter ID
D) Library Card
Answer: D) Library Card
52. SARFAESI Act deals with:
A) Customer service
B) Loan recovery without court intervention
C) Deposit insurance
D) Foreign exchange
Answer: B) Loan recovery without court intervention
53. NPA is classified when interest is overdue for:
A) 30 days
B) 60 days
C) 90 days
D) 120 days
Answer: C) 90 days
54. SMA-1 category means overdue between:
A) 1–30 days
B) 31–60 days
C) 61–90 days
D) 90–120 days
Answer: B) 31–60 days
55. CRR is maintained with:
A) SBI
B) RBI
C) Govt of India
D) SEBI
Answer: B) RBI
56. SLR is maintained in the form of:
A) Cash only
B) Gold only
C) Liquid assets
D) Fixed assets
Answer: C) Liquid assets
57. Banker’s lien means:
A) Right to sell property
B) Right to retain securities till dues are paid
C) Right to transfer account
D) Right to freeze account
Answer: B) Right to retain securities till dues are paid
58. Garnishee order is issued by:
A) RBI
B) Court
C) Police
D) Bank Manager
Answer: B) Court
59. Crossing of cheque means:
A) Cancelled cheque
B) Cheque payable to bearer
C) Payment through bank only
D) Cheque invalid
Answer: C) Payment through bank only
60. NEFT settlement is done:
A) Real time
B) Hourly batches
C) Once a day
D) Weekly
Answer: B) Hourly batches
61. RTGS minimum amount is:
A) ₹1 lakh
B) ₹2 lakh
C) ₹5 lakh
D) No minimum
Answer: B) ₹2 lakh
62. NPCI operates:
A) NEFT
B) RTGS
C) UPI
D) CRR
Answer: C) UPI
63. BC stands for:
A) Bank Cashier
B) Business Correspondent
C) Branch Controller
D) Banking Clerk
Answer: B) Business Correspondent
64. Financial Inclusion mainly targets:
A) Corporates
B) Rural & unbanked population
C) NRIs
D) Exporters
Answer: B) Rural & unbanked population
65. Mudra loans fall under:
A) Corporate lending
B) Priority sector
C) Retail loans
D) Gold loans
Answer: B) Priority sector
66. PMJDY is related to:
A) Insurance
B) Financial inclusion
C) Pension
D) Taxation
Answer: B) Financial inclusion
67. Nomination facility is governed by:
A) RBI Act
B) Banking Regulation Act
C) Negotiable Instruments Act
D) Companies Act
Answer: B) Banking Regulation Act
68. TDS is applicable on FD interest above:
A) ₹10,000
B) ₹20,000
C) ₹40,000
D) ₹50,000
Answer: C) ₹40,000
69. Form 15G/15H relates to:
A) Loan waiver
B) TDS exemption
C) Account closure
D) KYC update
Answer: B) TDS exemption
70. CASA ratio indicates:
A) Loan quality
B) Deposit mix
C) Profitability
D) NPA level
Answer: B) Deposit mix
71. Reconciliation in bank means:
A) Closing account
B) Matching records with statements
C) Auditing
D) Loan recovery
Answer: B) Matching records with statements
72. Internal audit is conducted by:
A) RBI
B) Bank’s own audit team
C) SEBI
D) CBI
Answer: B) Bank’s own audit team
73. Concurrent audit is:
A) Yearly audit
B) Real-time audit
C) External audit
D) Tax audit
Answer: B) Real-time audit
74. Risk weighted assets relate to:
A) Capital adequacy
B) Customer service
C) KYC
D) Audit
Answer: A) Capital adequacy
75. Basel norms deal with:
A) Customer grievance
B) Capital adequacy and risk management
C) Priority sector
D) Loan documentation
Answer: B) Capital adequacy and risk management
76. CERSAI records:
A) Customer KYC
B) Security interest on property
C) Loan applications
D) Deposits
Answer: B) Security interest on property
77. Hypothecation differs from pledge because:
A) Asset is movable
B) Possession remains with borrower
C) Possession with bank
D) No security
Answer: B) Possession remains with borrower
78. Pledge requires:
A) Registration
B) Possession transfer to bank
C) Mortgage deed
D) Court order
Answer: B) Possession transfer to bank
79. Mortgage relates to:
A) Movable property
B) Immovable property
C) Cash
D) Gold
Answer: B) Immovable property
80. LTV stands for:
A) Loan to Value
B) Limit to Value
C) Loan Type Value
D) Lending Total Value
Answer: A) Loan to Value
81. EMI consists of:
A) Principal only
B) Interest only
C) Principal + Interest
D) Charges only
Answer: C) Principal + Interest
82. Moratorium period means:
A) Loan closure
B) Holiday period for repayment
C) Interest waiver
D) Penalty period
Answer: B) Holiday period for repayment
83. Retail banking mainly deals with:
A) Corporates
B) Individuals
C) Government
D) Exporters
Answer: B) Individuals
84. MSME classification is based on:
A) Turnover & Investment
B) Employees
C) Profit
D) Location
Answer: A) Turnover & Investment
85. White label ATM is owned by:
A) RBI
B) Private non-bank entity
C) SBI
D) Government
Answer: B) Private non-bank entity
86. IMPS operates:
A) 9–5 only
B) 24×7
C) Weekdays only
D) RBI hours
Answer: B) 24×7
87. Cheque truncation system eliminates:
A) Cheques
B) Physical movement of cheque
C) Banks
D) Clearing
Answer: B) Physical movement of cheque
88. IFSC code is used in:
A) ATM withdrawal
B) Online fund transfer
C) Cheque deposit
D) Passbook entry
Answer: B) Online fund transfer
89. Dormant account is when no transaction for:
A) 6 months
B) 1 year
C) 2 years
D) 5 years
Answer: C) 2 years
90. Customer Due Diligence is part of:
A) Audit
B) KYC
C) Loan appraisal
D) Deposit scheme
Answer: B) KYC
91. Shadow banking refers to:
A) Illegal banking
B) NBFC activities outside traditional banking
C) Online banking
D) Foreign banks
Answer: B) NBFC activities outside traditional banking
92. Re-KYC is required periodically for:
A) High risk customers
B) Low risk customers
C) All customers
D) Corporate only
Answer: A) High risk customers
93. Banking Codes and Standards Board of India is now merged with:
A) RBI
B) SBI
C) SEBI
D) IBA
Answer: A) RBI
94. A minor can open account with:
A) No one
B) Guardian
C) Friend
D) Teacher
Answer: B) Guardian
95. Joint account ‘Either or Survivor’ allows:
A) Both signatures mandatory
B) Any one can operate
C) Bank only operates
D) Court permission
Answer: B) Any one can operate
96. AML stands for:
A) Anti Money Laundering
B) Asset Management Law
C) Account Monitoring Level
D) Asset Money Limit
Answer: A) Anti Money Laundering
97. Treasury operations deal with:
A) Loans
B) Deposits
C) Investments & funds management
D) Customer service
Answer: C) Investments & funds management
98. Green banking promotes:
A) Paperless banking
B) Agriculture loans
C) Gold loans
D) Corporate lending
Answer: A) Paperless banking
99. Customer grievance escalation after branch is to:
A) Police
B) Regional Office / Nodal Officer
C) Court
D) RBI directly
Answer: B) Regional Office / Nodal Officer
100. The ultimate aim of internal promotion exams is to test:
A) Memory
B) Practical banking knowledge & decision ability
C) Speed
D) English
Answer: B) Practical banking knowledge & decision ability
