SBI Clerk General And Financial Awareness Flashcards

24 sample cards from the General And Financial Awareness deck

Sampled from the end of the deck, so these are different cards from the ones shown on the syllabus page.

1. What do IRDAI and PFRDA regulate?

   IRDAI (Insurance Regulatory and Development Authority of India) regulates the insurance sector; PFRDA (Pension Fund Regulatory and Development Authority) regulates pension funds, mainly the NPS.

2. What are the full forms and roles of NABARD and SIDBI?

   NABARD (National Bank for Agriculture and Rural Development) is the apex bank for rural and agricultural credit; SIDBI (Small Industries Development Bank of India) is the apex institution for financing MSMEs.

3. What is a mutual fund's Net Asset Value (NAV)?

   NAV is the per-unit market value of a mutual fund, calculated as (Total assets - Total liabilities) / Number of outstanding units.

4. Differentiate between a share and a bond/debenture.

   A share represents ownership (equity) in a company entitling the holder to dividends; a bond/debenture represents a debt (loan) to the company entitling the holder to fixed interest and repayment of principal.

5. What is the Banking Ombudsman scheme now called, and who administers it?

   It is now the RBI Integrated Ombudsman Scheme (2021), administered by the RBI to resolve customer complaints against banks, NBFCs, and payment system operators free of cost.

6. Under the RBI Integrated Ombudsman Scheme, what is the maximum compensation the Ombudsman can award for a complaint?

   Up to Rs 20 lakh for the loss suffered, plus up to Rs 1 lakh additionally for harassment, mental anguish, and time/expenses.

7. When was Pradhan Mantri Jan Dhan Yojana (PMJDY) launched, and what is its main objective?

   Launched on 28 August 2014; its objective is universal financial inclusion by providing every household a basic bank account, RuPay debit card, overdraft facility, and accident insurance cover.

8. What insurance cover and premium are provided under PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana)?

   A life insurance cover of Rs 2 lakh on death (any cause) for ages 18-50, at a premium of Rs 436 per year.

9. What does PMSBY (Pradhan Mantri Suraksha Bima Yojana) cover and at what premium?

   Accidental death/total disability cover of Rs 2 lakh (partial disability Rs 1 lakh) for ages 18-70, at a premium of Rs 20 per year.

10. What is the Atal Pension Yojana (APY) and its target group?

    A government-backed pension scheme for unorganised-sector workers aged 18-40, guaranteeing a fixed monthly pension of Rs 1,000 to Rs 5,000 from age 60 based on contributions.

11. What are the three loan categories under the MUDRA (Pradhan Mantri MUDRA Yojana) scheme?

    Shishu (loans up to Rs 50,000), Kishor (Rs 50,000 to Rs 5 lakh), and Tarun (Rs 5 lakh to Rs 10 lakh).

12. What does the Stand-Up India scheme provide and to whom?

    It provides bank loans between Rs 10 lakh and Rs 1 crore to at least one Scheduled Caste/Scheduled Tribe borrower and one woman borrower per bank branch for setting up greenfield enterprises.

13. What does DBT stand for, and what is its primary purpose?

    Direct Benefit Transfer; it transfers government subsidies and benefits directly into beneficiaries' bank accounts to reduce leakages, duplication, and delays.

14. What is the JAM trinity that underpins Direct Benefit Transfer in India?

    Jan Dhan (bank accounts), Aadhaar (unique identity), and Mobile numbers, linked together to deliver subsidies directly to beneficiaries.

15. What is the difference between fiscal policy and monetary policy?

    Fiscal policy is the government's use of taxation and public spending (managed by the Finance Ministry); monetary policy is the central bank's control of money supply and interest rates (managed by the RBI).

16. Where are the headquarters of the World Bank and the International Monetary Fund (IMF) located?

    Both are headquartered in Washington, D.C., USA.

17. Where are the headquarters of the World Trade Organization (WTO) and the Asian Development Bank (ADB)?

    The WTO is headquartered in Geneva, Switzerland; the ADB is headquartered in Manila, Philippines.

18. Where are the headquarters of the New Development Bank (BRICS Bank) and the Asian Infrastructure Investment Bank (AIIB)?

    The New Development Bank is headquartered in Shanghai, China; the AIIB is headquartered in Beijing, China.

19. On what date is World Environment Day observed, and on what date is International Women's Day observed?

    World Environment Day is observed on 5 June; International Women's Day is observed on 8 March.

20. Which Indian states are the smallest by area and the largest by area?

    Goa is the smallest state by area; Rajasthan is the largest state by area.

21. What are the capitals of Arunachal Pradesh and Telangana?

    The capital of Arunachal Pradesh is Itanagar; the capital of Telangana is Hyderabad.

22. Which articles of the Indian Constitution deal with Fundamental Rights and Directive Principles of State Policy?

    Fundamental Rights are covered under Articles 12-35 (Part III); Directive Principles of State Policy under Articles 36-51 (Part IV).

23. How many fundamental duties are there in the Indian Constitution, and which amendment added them?

    There are 11 fundamental duties, listed under Article 51A; they were added by the 42nd Constitutional Amendment Act, 1976.

24. Which classical dance forms are associated with the states of Kerala and Manipur?

    Kathakali (and Mohiniyattam) is associated with Kerala; Manipuri dance is associated with Manipur.

What this deck covers

General And Financial Awareness flashcards FAQ