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SBI Scholar Quiz 2025

Total questions: 40

Worksheet time: 20mins

Name
Class
Date
1.

Which of the following was the first woman to hold the position of Chairman of the State Bank of India?

a)

Usha Ananthasubramanian

b)

Arundhati Bhattacharya

c)

Chanda Kochhar

d)

Shikha Sharma

2.

Which of the following former associate banks was the first to merge with SBI in 2008?

a)

State Bank of Bikaner and Jaipur

b)

State Bank of Hyderabad

c)

State Bank of Saurashtra

d)

State Bank of Indore

3.

Who was the first Chairman of the State Bank of India after its formation in 1955?

a)

Raj Kumar Talwar

b)

John Matthai

c)

H.V.R. Iyengar

d)

P. C. Bhattacharya

4.

The earliest predecessor of the State Bank of India was the Bank of Calcutta. It was established in which year?

a)

1857

b)

1921

c)

1806

d)

1840

5.

What is a key benefit of SBI Life's 'eShield Next' plan launched in 2021?

a)

Coverage that levels-up based on life milestones

b)

Immediate annuity pay-outs

c)

Guaranteed returns on investment

d)

Coverage for critical illnesses only

6.

In which city did SBI launch India's first dedicated Start-up Branch?

a)

Bengaluru

b)

Hyderabad

c)

Gurugram

d)

Mumbai

7.

Which company was started as a joint venture between SBI and French multinational bank BNP Paribas in October 2000?

a)

SBI Funds Management Private Ltd.

b)

SBI Cards and Payment Services Ltd

c)

SBI Capital Markets Limited

d)

SBI Life Insurance Company Ltd.

8.

When was the Imperial Bank of India nationalized and renamed as State Bank of India?

a)

1969

b)

1947

c)

1921

d)

1955

9.

On whose 96th Birth Anniversary was the Bharatiya Mahila Bank launched in 2013?

a)

Kasturba Gandhi

b)

Indira Gandhi

c)

Rani Laxmi Bai

d)

Sarojini Naidu

10.

Which Indian institution designed the famous "keyhole" logo of SBI in 1971?

a)

NID

b)

IIT Delhi

c)

NIFT

d)

IIM Ahmedabad

11.

Which organization formed by an Act of Parliament in 1981 is the apex Supervisory Body for overall supervision of Regional Rural Banks?

a)

SIDBI

b)

NABARD

c)

IDBI

d)

NHB

12.

What type of bank account typically offers the lowest interest rate but provides the most accessibility for frequent transactions?

a)

Fixed Deposit Account

b)

Savings Account

c)

Current Account

d)

Demat Account

13.

What does the letter T in the abbreviation ATM stand for?

a)

Transaction

b)

Technical

c)

Teller

d)

Telling

14.

What name is given to the interest rate at which commercial banks in India borrow funds from the Reserve Bank of India (RBI) against government securities?

a)

Reverse Repo Rate

b)

Discount Rate

c)

Repo Rate

d)

Cash Reserve Rate

15.

What term describes the situation where a borrower fails to make scheduled payments on their debt obligation?

a)

Default

b)

Foreclosure

c)

Liquidation

d)

Amortization

16.

What important marker is generated by companies like TransUnion CIBIL, Experian, Equifax, and CRIF High Mark in India?

a)

Credit Score

b)

Bank Score

c)

Stock Score

d)

Debit Score

17.

Which scheme aims to provide universal banking access to all households?

a)

Mudra Yojana

b)

Ayushmaan Bharat

c)

Jan Dhan Yojana

d)

PM SVANidhi

18.

What does "AML" stand for in banking compliance?

a)

Annual Maintenance Levy

b)

Asset Management Liability

c)

Automated Market Link

d)

Anti-Money Laundering

19.

What does "CBDC" stand for in regards to blockchain currency in India?

a)

Corporate Banks Digital Currency

b)

Central Bank Digital Currency

c)

Credit Backed Digital Currency

d)

Central Banking Digital Credit

20.

Which Indian public sector company developed and launched the UPI system in 2016?

a)

NPCI

b)

BHIM

c)

RBI

d)

Bharat Bill Payment System

21.

Equity, Debt, Hybrid, ELSS and Index are various types of which financial asset?

a)

Mutual Funds

b)

Bonds

c)

Stocks

d)

Bank Accounts

22.

Which stock exchange, the first in Asia was started under a Banyan Tree in 1875?

a)

Tokyo Stock Exchange

b)

National Stock Exchange

c)

Hong Kong Stock Exchange

d)

Bombay Stock Exchange

23.

Which of the following is the primary regulatory body for the stock markets in India?

a)

IRDAI

b)

RBI

c)

SEBI

d)

FSDC

24.

What is the benchmark index for the National Stock Exchange of India (NSE)?

a)

Sensex

b)

JSX

c)

Nifty

d)

Asia Dow

25.

What is the term used for the first offering of shares to the public by a previously unlisted company to raise capital?

a)

FPO

b)

IPO

c)

Rights Issue

d)

OFS

26.

Identify this fin-tech company started by two friends from IIT Roorkee, Harshil Mathur and Shashank Kumar in 2014.

a)

PayU

b)

Razorpay

c)

Cashfree

d)

BillDesk

27.

Which of the following technologies enables contactless payments through some digital wallets on smartphones or other devices in India?

a)

Magnetic stripe reader

b)

Optical character recognition (OCR)

c)

Radio-frequency identification (RFID)

d)

Near-field communication (NFC)

28.

What is the term for the total market value of all the investments held within a mutual fund scheme, net of its liabilities, divided by the number of outstanding units?

a)

Net Asset Value

b)

Expense Ratio

c)

Portfolio Asset Ratio

d)

Total Asset Value

29.

Which of the following best describes a Systematic Investment Plan (SIP) in the context of mutual funds in India?

a)

A one-time lump sum investment made in a mutual fund scheme.

b)

A method of investing a fixed amount of money at regular intervals in a mutual fund scheme.

c)

A plan that guarantees a fixed rate of return on mutual fund investments.

d)

A strategy used by fund managers to actively trade stocks within a portfolio.

30.

What is the fee charged by a mutual fund to manage its investments and cover its operating expenses, usually expressed as a percentage of the fund's assets?

a)

Exit Load

b)

Entry Load

c)

Expense Ratio

d)

Transaction Ratio

31.

Which regulatory body is responsible for supervising and regulating the insurance sector in India?

a)

RBI

b)

IRDAI

c)

LIC

d)

SIDBI

32.

What is the term for the payment made by the policyholder to the insurance company in exchange for coverage?

a)

Claim

b)

SIP

c)

Premium

d)

Money Transfer

33.

What is the period within which a policyholder can review the policy terms and conditions after receiving the policy document and can return it if not satisfied?

a)

Waiting Period

b)

Free-look Period

c)

Grace Period

d)

Return Period

34.

What is the benefit paid to the policyholder or nominee when a life insurance policy matures at the end of its term?

a)

Death Benefit

b)

Maturity Benefit

c)

Surrender Benefit

d)

Loan Benefit

35.

Which type of life insurance provides coverage for a specific period (e.g., 10, 20, or 30 years) and pays out only if the insured dies during that period?

a)

Universal Life Insurance

b)

Term Life Insurance

c)

Periodic Life Insurance

d)

Age Specific Life Insurance

36.

What is the "policy limit" in insurance?

a)

The minimum premium required to keep the policy active

b)

The maximum amount an insurer will pay for a covered loss

c)

The waiting period before a claim can be made

d)

The penalty for canceling a policy early

37.

When was the Insurance Regulatory and Development Authority of India (IRDAI) formed?

a)

1991

b)

1956

c)

1999

d)

2001

38.

What name is given to the national public health insurance scheme of the Government of India that aims to provide free access to health insurance coverage for low income earners in the country?

a)

Pradhan Mantri Suraksha Bima Yojana

b)

Ayushmaan Bharat

c)

Aam Aadmi Bima Yojana

d)

Rashtriya Swasthya Bima Yojana

39.

Which of the following insurance scheme of Central Government covers the risk of damage to crops due to natural calamities?

a)

PM SVANidhi

b)

PM Kisan Credit Card

c)

PM Fasal Bima Yojana

d)

Aam Aadmi Bima Yojana

40.

What is "Bima Sugam" proposed by IRDAI?

a)

A new type of insurance policy

b)

A unified digital platform for insurance policies

c)

A health insurance scheme

d)

A fraud detection system for insurance sector