Professional Documents
Culture Documents
1. 3
2. 4
3. 2
4. 4
5. 2
6. 3
7. 3
8. 4
9. 3
10. 3
11. 3
12. 1
13. 4
14. 2
15. 4
7. Under the Banking Regulation Act, 1949, which of the following is not qualified to be called as banks in the
co-operative sector?
1) Urban Co-operative banks
2) State Co-operative banks
3) Primary Agricultural Credit Societies
4) Central Co-operative Banks
5) None of the above
8. Central co-operative banks
1) occupy a crucial importance in the co-operative credit structure
2) from an important link between the state co-operative bank at the apex and the primary agricultural credit societies at
the base
3) are closer to the primary societies than an apex bank could be
4) all of the above
5) none of the above
9. The primary function of a central co-operative bank is to
1) mobilize the resources in the district for financing its members to the maximum extent possible
2) to channelise the flow of funds from the co-operative banks
3) both of the above
4) all of the above
5) none of the above
10. The term Merchant Banking connotes
1) Services rendered by banks for merchants and traders capital requirements to merchants covered under DICGC
Guarantee Scheme
2) Telegraphic transfers effected by merchants
3) catering to the needs of corporate customers raising finance
4) All of the above
5) none of the above
11. Under merchant banking, consultancy services are rendered by banks/merchant bankers for
1) floating of new companies
2) preparation, planning and execution of new projects
3) giving expert guidance and managing the new promotions or new promotions of industries/enterprises
4) all of the above
5) none of the above
Answers
1.)
2.)
2
4
3.)
4.)
5.)
6.)
7.)
8.)
9.)
10.)
11.) 4
5
5
5
3
3
4
3
3
1. Which of the following terms NOT used in the field of Banking & Finance?
(1) Overdraft
(2) Base Line
(3) RTGS
(4) GBC
(5) None of the above
2. Which of the following organizations is known as a regulator associated with
the financial activities in India?
(1) ISRO
(2) WHO
(3) UNESCO
(4) SEBI
(5) None of the above
3. When someone wants to open a new saving bank account, the bank asks
him/her to bring various documents. Which of the following is one of these
documents?
(1) Certificate of medical fitness
(2) Degree Certificate
(3) Proof of Residence & Identity
(4) None of the above
4. Which of the following is NOT the name of a multinational bank?
(1) BNP Paribas
(2) British Bank of Middle East
(3) Standard Chartered Bank
(4) Cathay Pacific
(5) None of the above
5. Which of the following is an example of cash less purchase?
(a) ATM Withdrawal
(b) Credit Cards
(c) Debit Card
(1) Only a
(2) Only (b)
(3) Only (b) and (c)
(4) All of these
(5) None of the above
6. Who amongst the following was never a Governor of the RBI?
(1) Bimal Jalan
(2) Y.V. Reddy
Answers
1. 2
2. 4
3. 3
4. 4
5. 3
6. 3
7. 2
8. 3
9. 3
10. 4
a) Coupon bond
b) zero coupon bond
c) convertible bond
d) conversion bond
e) none of the above
3. The issue of new securities to existing shareholders at ratio to those already held is known as
a) Preference shares
b) rights shares(Issue)
c) bonus shares
d) cumulative preference shares
e) none of the above
4. When it comes to the following term namely- IPO, what do you mean by P?
a) Provisions
b) Public
c) Private
d) Prudent
e) Pension
5. _____ refers to the right of certain preference shareholders to participate in profits, after a specified fixed dividend contracted
for, is paid.
a) Preference shares
b) cumulative preference shares
c) participating preference shares
d) preference shares
e) none of the above
6. ______ refers to a market where securities are traded after being initially offered to the public in the primary market and/or listed
on the stock exchange.
a) Security market
b) Secondary market
c) Stock market
d) Bond market
e) debenture market
7. The short term bearer (up to 364 days) bearer discount security, issued by the government (through the Reserve Bank of India)
as a means of meeting its cash requirements is called as
a) Treasury bills
b) commercial paper
c) coupon bonds
d) zero coupon bonds
e) convertible bonds
8. When it comes to the following term FPO, what do you mean by F?
a) Further
b) Facility
c) Favour
d) Future
e) None of the above
9. In the ______________, the securities like shares and debentures are offered to the public subscription for the purpose of raising
capital or fund:
a) Secondary market
b) Primary market
c) share market
d) debenture market
e) none of the above
10. The specified interest rate on a fixed maturity security fixed at the time of issue is called as:
a) Market rate of interest
b) call rate
c) repo rate
d) coupon rate
e) discount rate
Answers:
1. c
2. c
3. b
4. b
5. c
6. b
7. a
8. e
9. b
10. d
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1. DAX is the stock exchange of _______?
(a) Germany
(b) Japan
(c) USA
(d) Maxico
(e) None of the Above
2. Increase in deposit rate results in ________?
(a) Lower savings
(b) Lower investments
(c) Increase in bank branches
(d) Increase in savings
(e) None of the Above
3. Rise in inflation rate leads to decline in ______?
(a) Interest rate
(b) Raise in the deposits in the banks
(c) Decrease the real interest rate
(d) Raise the credit growth by banks
(e) None of the above
4. Difference between interest earned and interest paid is called______?
(a) Gross Interest Income
(b) Paid Interest Income
(c) Free Interest Income
(d) Net Interest Income
(e) All of the above
5. The banks are issuing the Kisan credit cards these days to give the free credit period. Generally what is the Validity period of the
Kisan Credit Card?
(a) 1 year
(b) 10 years
(c) 5 years
(d) 8 years
(e) 3 years
6. Asset-Liability mismatch usually happened in________?
(a) Home Loan and Infrastructure Project Financing
(b) Education loan and personal loan
(c) Personal loan and marriage loan
(d) Travel loan and marriage loan
(e) None of the above
7. The chief function of Reserve Bank of India includes_______?
(a) Minting Currency
(b) framing the monetary and credit policy
(c) With the help of Circulation of money, maintaining price stability
(d) Foreign Exchange matters
(e) All of the above
8. The different names of Reserve Bank of India are_______?
(a) Central bank
(b) Bankers bank
(c) Lender of the last resort
(d) Apex bank
(e) All of the above
9. The government of India has the mint at _______?
(a) Noida
(b) Kolkata
(c) Mumbai
(d) Hyderabad
(e) All of the above
Answers:
1. A
2. D
3. C
4. D
5. E
6. A
7. E
8. E
9. E
10. D
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1. CASA is basically the combination of Current account and saving account deposits with a Bank. Why do the Banks put greater
emphasis on mobilizing a high CASA ratio?
(a) In order to fulfill RBI stipulation for it
(b) It helps reduction in average cost of funds
(c) These are stable deposits
(d) These help Banks maintain a healthy asset-liability ratio
(e) None of the Above
2. When a cheque is drawn on a bank, the bank is called the _______?
(a) Payee
(b) Drawee
(c) Drawer
(d) Endorsee
(e) None of the above
3. One of the State Government avails of a temporary financial assistance from Reserve Bank of India. This type of finance is called
_______?
(a) Overdraft
(b) Temporary loan
(c) Short term finance
(d) Ways and Means advance
(e) None of the above
4. Except one of the following instruments others are issued at discount. Identify the exception _____?
(a) A Certificate of Deposit (CD)
(b) A Treasury Bill (T Bill)
(c) A Commercial Paper (CP)
(d) A Fixed Deposit (FD)
(e) None of the above
5. Cash Reserve Ratio (CRR) is to be maintained on Net Demand and Time Liabilities (NDTL). SLR is thus required to be maintained
on ________?
(a) Total Demand and Time Liabilities
(b) Net Demand and Time Liabilities
(c) Total Demand and Time Assets
(d) Net Demand and Time Asset
(e) None of the above
6. Garnishee order is issued by ________?
(a) Judgement Debtor
(b) Judgement Creditor
(c) Judgement Debtors Debtor
(d) Judgement Creditor's Creditor
(e) None of the above
7. CAMEL model is used by _______?
(a) Bankers to evaluated a credit proposal
A) Mutual funds
ii) ATMs
iii) Certificate of Deposits
B) E-Banking
C) Money Markets
D) Assignment
Answers:
1. B
2. A
3. D
4. D
5. B
6. D
7. C
8. C
9. C
10. B
4. When a currency is converted into any other currency without any limit and for any purpose, it is called as
a) Fully convertible
b) partially convertible
c) controlled convertible
d) not at all convertible
e) none of the above
5. Which of the following is included in bancassurance?
a) Insurance policies issued by the banks in their names
b) Selling by a bank the insurance policies of its ancillary insurance company
c) Selling by a bank the insurance policies of any insurance company
d) All the above
e) None of the above
6. When it comes to scheduled commercial banks, which out of the following is not true?
a) Nationalised banks
b) Regional Rural banks
c) Foreign banks
d) Private sector banks
e) Local area banks
7. Which amongst the following is called as mother of deposits?
a) Current account
b) fixed deposit
c) recurring deposit
d) savings bank
e) reinvestment deposit
8. Which amongst the following is not term deposits issued by commercial banks?
a) Current account
b) Fixed deposit
c) Recurring deposit
d) Reinvestment deposit
e) all the above
9. What do you mean by money laundering?
a) Washing the currency notes in a good laundery
b) converting money obtained through illegal sources in to legal money
c) keeping the money in currency chests
d) sending excess cash to the other branch
e) none of the above
10. Reserve Bank of India was established on 1st April, ______in accordance with the provisions of Reserve Bank of India
act_________
a) 1935 1934
b) 1934-1935
c) 1935-1936
d) 1937-1938
e) all the above
Answers:
1. b
2. a
3. d
4. a
5. d
6. e
7. d
8. a
9. b
10. a
d) Rs. 10 lakh
e) No such restriction
11. Banking Ombudsman services are available to:
a) All Scheduled Commercial Banks
b) Regional Rural Banks
c) Scheduled Primary Co-operative Banks
d) Only a & c
e) All the above
12. An asset, including a leased asset, becomes non-performing when:
a) It ceases to generate income for the bank
b) A performance Guarantee issued by the bank on behalf of the borrower is invoked
c) It is rendered useless due to wear and tear or its becoming obsolete
d) The borrower dies
e) None of the above
13. Counter guarantee means a guarantee obtained:
a) By bank from customers on whose behalf the banks have to issue guarantees in favour of third parties, such as
government department, Public bodies, Corporations etc.
b) By banks from ECGC covering export risk
c) By banks from the beneficiary of the guarantee in whose favour the guarantee is to be issued
d) A guarantee issued to the guarantor
e) None of the above
14. Which of the following statements is correct about banks?
a) Banks cannot accept demand and time deposits from public.
b) Banks can accept only time deposits from public.
c) Banks can accept both demand and time deposits from public.
d) Banks can accept demand and time deposits only from government.
e) None of the above
15. The RBI issued the following guidelines for effective Asset Liability Management System
a) Bank should set up an internal Asset Liability Committee
b) The committee should be headed by CMD or ED
c) The Management committee of the Board should oversee implementation of the system
d) Decision of ALCO is to be implemented in letter and spirit
e) All of the above
Answers:
1) e
2) c
3) d
4) d
5) e
6) c
7) b
8) e
9) d
10) b
11) e
12) a
13) a
14) c
15) e
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1.
Which of the following was the reasons owing which base rate was introduced?
(a) BPLR, system fell short of RBIs objective bringing transparency in lending rates
(b) Under BPLR system it was difficult for RBI to access transmission of policy rates.
Answers:
1. C
2. A
3. C
4. B
5. b
6. B
7. A
8. D
9. B
10. E
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2. OCTOBER 2015
2. Which of the following fall under the qualitative method of credit control adopted by RBI?
(a) Selective credit control
(b) Moral suasion
(c) Credit authorization scheme
(d) All of the above
(e) None of the above
3. In periods of boom, which leads to economic instability RBI resorts to
(a)Sale first class securities in its precession in the market, to reduce the supply of money as a measure of
open market operations
(b) Buying of approved securities in the market as a measure of open market operation
(c) Like in the bank rate as is measure of open market operations
(d) None of the above
(e) All of the above
4. Cash reserve ratio is maintained in the form of
(a) Government securities
(b)Balance with RBI
(c) Balance with state bank of India
(d) All of the above
(e) None of the above
5. Which is the authority in India for effecting changes in the cash reserve ratio and statutory
liquidity ratio?
(a) Government of India
(b) RBI
(c) Indian banks Association
(d) CRR and SLR association
(e) None of the above
6. Bank rate means
(a) The rate of interest charged by the bank on advances
(b) The rate of interest paid by banks on the deposits
(c) The standard rate at which the RBI is prepared to buy or to rediscount eligible bills of exchange or other
commercial papers of commercial banks
(d) None of the above
(e) All of the above
7. In the opinion of the Governor of Reserve Bank of India, which one of the following is the
reason owing to which Indias inflation is accelerating?
(a) Excess liquidity in market
(b) Speculation in essential goods
(c) Higher food Cost
(d) Commodities futures
(e) None of these
8) When Reserve Bank intends to increase credit by the banking system, it
(a) Reduces the bank rate
(b) Raises the bank rate
(c) Freezes the bank rate
(d) None of these
(e) All of these
9) What does the term Open Market Operations refer to?
(a) Selling of equities in the open market
(b) Selling of commodities in the open market
(c) Buying and selling of government securities in the open market
(d) Buying and selling of products in the wholesale market
(e) None of these
10) ______is the percentage of total deposits of a bank which it has to keep with itself in the form
of liquid assets.
(a) Statutory Liquidity Ratio (SLR)
(b) Cash Reserve Ratio (CRR)
Answers -1) a
2) d
3) a
4) b
5) b
6) c
7) a
8) a
9) c
10) a
None
of
these
1.
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1-A
2-E
3-D
4-E
5-C
6-B
7-C
8-c
9-B
10-A
1.
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(e) None
6.A close-ended fund means
(a) The corpus is of fixed size with a definite redemption period
(b) Listing on stock exchanges provides easy liquidity
(c) The market price is always below the net asset value
(d) All
(e) None
7.An offshare fund is
(a) a fund established outside the country
(b) a mutual fund which is stipulated at sea shore
(c) a fund meant for development of oceans and sea shores
(d) none
(e) all of these
8.Mutual funds are vehicles for collective investment that pool the savings of many investors for
(a) Investment in securities, according to stated objective and the profits are shared equally among its participants in
proportion to their holdings
(b) It brings together the investors who have surplus money to invest corporate entities who need the money to their projects
(c) the fund collects money from the members and invests them in diversified portfolio of financial assets
(d) All
(e) None
9. Which of the following organizations is the Mutual Fund Market regulator?
(a) AMFI
(b) SEBI
(c) CIBIL
(d) CRISIL
(e) RBI
10. In the term called as AMFI, what do you mean by M?
(a) Mutual
(b) money
(c) Managing
(d) Miscellaneous
(e) none of the above
Answers:
1.
2.
3.
4.
5.
6.
7.
8.
9.
10. (a)
(a)
(a)
(d)
(d)
(d)
(d)
(a)
(d)
(b)
1.
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(a) BANKNET
(b) SWIFT
(c) MICR
(d) All
(e) none
3.What is international banking?
(a) Providing of variety of financial services to the customers who are living outside their home country
(b) Providing of financial services to the customers who are living in home country
(c) Banking between two countries
(d) all
(e) none
4. Which of the following are intermediaries are not working for Banks?
(a) Direct sales agents
(b) Automatic dealers
(c) Whole sellers
(d) Merchant establishments
(e) none of the above
5. In banking services, which are the major characteristics affecting the channel selection
(a) Intangibility
(b) Inseparability
(c) Variability
(d) Perish ability
(e) all of these
6. CBS stands for
(a) Core Banking solution
(b) Centralised based system
(c) Computer based system
(d) all of the above
(e) none of the above
7. What are the various facilities offered by banks through tele banking?
(a) Balance enquiries
(b) Enquiries about collection or specific credits/debits transaction
(c) Transfer of funds
(d) Request for statement of accounts
(e) all
8. What do you mean by home banking?
(a) Home banking is an extended version of tele banking
(b) in home banking the customer is able to access his personal account from his home for availing a variety of services
which is made available.
(c) home banking is availed through the customers personal computer attached to a telephone line and modem
(d) all
(e) none
9. Digital signature are
(a) legally valid signatures as per the information technology act. 2000 and acceptable in Indian courts at par with paper
signatures
(b) required for authentication of e-mail and SFMS
(c) required for authentication of settlement applications of clearing coupan of India Ltd.
(d) all
(e) none
10. ................. is Indias largest Wide Area Network.
(a) Bank Net
(b) INET
(c) RBINET
(d) NICNET
(e) None of these
11. Banks do not purchase/ discount
(a) Documentary Bills
1.
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(c) 9 months
(d) 12 months
(e) 15 months
3. Which of the following is a borrowing facility/loan advance _____?
(a) Term finance
(b) Performance guarantee
(c) Bill received under letter of credit
(d) All the above
(e) None of the above
4. Pledge of advance is made against ______?
(a) Gold
(b) Commodities
(c) Coins and notes
(d) All the above
(e) None of the above
5. Which of the following are covered under pledge?
(a) Actual delivery of the goods
(b) Factory type pledge
(c) Constructive delivery of the goods
(d) All the above
(e) None of the above
6. What is the minimum period of medium and long-term loans?
(a) 12 months
(b) 18 months
(c) 24 months
(d) 36 months
(e) None of the above
7.Which of the following is/are true about the Sub-Prime Crisis- a term which was in the news
recently?
(1) It is a Mortgage crisis referring to Credit default by the borrowers.
(2) Sub-Prime borrowers were those borrowers who were rated low and were high risk
borrowers.
(3) This crisis originated out of negligence in credit rating of the borrowers.
(a) Only 1
(b) Only 2
(c) Only 3
(d) All of the above
(e) None of the above
8. NABARD re-finance is available to ______?
(a) Regional Rural banks
(b) Commercial banks
(c) State Co-operative banks
(d) Land Development bank
(e) All of these
9.Identify which among the following is not considered a Consumer loan product offered by
Banks in India?
(a) Personal Loan
(b) Car Loan
(c) Consumer Durable Loan
(d) Bank Overdraft
(e) Home Loan
10. The most risky charge from a bankers point of view is ______?
(a) Pledge
(b) Hypothecation
(c) Mortgage
(d) Lien
(e) None of the above
Answers
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15. d
d
d
a
b
d
b
d
e
d
b
b
a
c
d
1.
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(d) all
(e) none
2. Which of the following is not included in govt. securities?
(a) Promissory notes
(b) Debentures
(c) Bearer bonds
(d) all
(e) none
3. A bearer bond can be transferred by
(a) Endorsement
(b) Transfer deed
(c) Endorsement and deliver
(d) mere delivery and no other formalities are required
(e) none
4. Bankers are not supposed to grant advances against
(a) Third party shares
(b) Partly paid shares
(c) Preference shares
(d) Equity shares
(e)all
5. Certificate of deposit can be subscribed by
(a) individuals
(b) corporate companies
(c) Trusts, funds, association e.t.c
(d) ( a) and (b)
(e) all of (a) to (c)
6. The instrument of capital market are
(a) equity shares, preference shares, non-voting equity shares
(b) debentures (i.e. convertible, non-convertible, zero coupon bonds etc
(c) company fixed deposit
(d) units of mutual funds
(e) all
7. Capital market refers to all the facilities and institutions arrangements for
(a) borrowing
(b) lending
(c) medium and long term funds
(d) all
(e) none
8. Capital market is described as market for
(a) short term funds
(b) medium and long term funds
(c) Both (a) and (b)
(d) all
(e) none
9. Capital market can be divided into
(a) Industrial securities market
(b) Gilt edged market
(c) Personal securities market
(d) Both (a) and (b)
(e)none
10. Which of the following are the role functions of capital market?
(a) Mobilization of savings and acceleration of capital formation raising of long term capital
(b) Promotion of industrial growth
(c) Ready and continuous market for proper channelisation of funds
(d)Provision of variety
(e) all
1.
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(e) None
11. Consumption loan above under priority sector can be granted to
(a) Rural artisans
(b) Small/Marginal farmers
(c) Landless labourers
(d) All
(e) None
12. Which of the following statement is correct about kisan credit card?
(a) The rate of interest on kisan credit cards should be same as applicable to crop loans
(b) Banks may provide kisan credit cards to farmers who are eligible for sanction of crop loans without any floor limit
(c) Credit would be available in the form of revolving cash credit normally valid for three years
(d) All
(e) None
13. What role does Micro, small and Medium Enterprises(MSMEs) play in a countrys economic and industrial
development?
(A) They have the capacity to absorb skilled and unskilled labour available in the country.
(B) Such institutions help in distribution of income in a wide spectrum and do not allow it to get concentrated in few hands or
in few areas.
(C) They help in eradication of poverty by providing self employment opportunities.
(a) Only A
(b) Only (B)
(c) Only C
(d) Only A and C
(e) All A, B and C
14. Which of the following organization prepares rural credit plans on annual basis for all districts in India, which is
turn form the base for annual credit plans of all rural financial institutions?
(a) SIDBI
(b) NABARD
(c) RBI
(d) Indian banks association
(e) CII
15.The approach of micro-credit or banking with the poor is comparatively a new concept in the field of rural
credit. This approach has been tried very successfully in which of the following countries?
(a) Bangladesh
(b) India
(c) China
(d) Japan
(e) None of these
Answers:
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15. a
1.
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b
a
a
d
c
b
d
b
a
d
d
d
e
b
1.
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a
a
d
b
b
a
c
d
IBPS PO
1. Bank rate policy, open market operations, variable reserve requirements and statutory liquidity requirements as
measures of credit control are classified as
(a) Quantative methods
(b) Qualitative methods
(c) Weighted average methods
(d) none
(e) both (a) and (b)
2. Which of the following fall under the qualitative method of credit control adopted by RBI?
(a) Selective credit control
(b) Moral suasion
(c) Credit authorization scheme
(d) all
(e) none
3. In periods of boom, which leads to economic instability RBI resorts to
(a) Sale first class securities in its precession in the market, to reduce the supply of money as a measure of open market
operations
(b) buying of approved securities in the market as a measure of open market operation
(c) like in the bank rate as is measure of open market operations
(d) none
(e) all
4. Which among the following does the RBI not decide?
(a) CAR
(b) CRR
(c) Base Rate
(d) Bank Rate
(e) None of these
5. Which among the following is an instrument of monetary policy used by the RBI?
(a) Base Rate
(b) PLR
(c) CRR
(d) BPLR
(e) None of these
6. What does liquidity mean?
(a) It means how cash is converted into gold
(b) It means how cheaply and quickly an asset is converted into cash
(c) It means how cash is converted into SDR (Special Drawing Rights)
(d) It means how uncertain the money market conditions are
(e) None of these
7. What does the term Open Market Operations refer to?
(a) Selling of equities in the open market
(b) Selling of commodities in the open market
(c) Buying and selling of government securities in the open market
(d) Buying and selling of products in the wholesale market
(e) None of these
8. RBI has introduced Marginal Standing Facility with the objective of
(a) Controlling Inflation
(b) Containing instability in long term inter-bank rates
(c) Containing instability in the overnight inter-bank rates
(d) All of the above
(e) None of these
9. ______is the percentage of total deposits of a bank which it has to keep with itself in the form of liquid assets.
(a) Statutory Liquidity Ratio (SLR)
(b) Cash Reserve Ratio (CRR)
(c) Statutory Reserve Ratio
(d) Cash Ratio
(e) None of these
10. Often, we read in newspapers that the RBI has changed the Repo rate and the Reverse Repo rate by a few basis
points. What is a basis point?
(a) Ten % of one hundredth point
(b) One hundredth of 1%
(c) One tenth of 1%
(d) Ten % of 100
(e) None of these
11. RBI isnt expected to perform the role of
(a) Acting as a clearing house
(b) Working as a banker to the government
(c) Managing forex
(d) Accepting deposits from general public
(e) None of these
12. When RBI sells government securities, its result is that
(a) The liquidity in the banking system increases
a
d
a
c
c
b
c
c
a
b
d
c
b
a
1.
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1. Which of the following is/are true about the Sub-Prime Crisis- term which was in the news recently?
the
borrowers.
10. If all the banks in an economy are nationalised and converted into a monopoly bank, total deposit creation
____?
(a) Will increase
(b) Will decrease
(c) Will neither increase nor decrease
(d) All the above
(e) None of the above
Answers 1. D
2. B
3. D
4. A
5. C
6. A
7. B
8. B
9. B
10. C
1.
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1. Small Industries Development Bank, (SIDBI) was set up by an Act of parliament commenced operating on _____?
(a) January 1, 1990
(b) March 1, 1990
(c) April 1, 1990
(d) April 2, 1990
(e) None of the above
2. Small Industries Development Bank of India is wholly subsidiary of _____?
(a) RBI
(b) Exim Bank
(c) NABARD
(d) IDBI
(e) None of the above
3. The Industrial Finance Corporation of India was set up in _____?
(a) March 1948
(b) April 1948
(c) July 1948
(d) October 1948
(e) None of the above
4. The Industrial Finance Corporation of India provides loans to _____?
(a) Industries in public sector only
(b) Industries set up for export promotion
(c) Joint-stock companies in the public or private or joint sector or co-operative sector
(d) None of the above
(e) All the Above
D
D
C
C
D
A
D
D
D
C
D
A
D
B
1.
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1. A Sub-Committee of the Central Board of the Reserve Bank was constituted to study issues and concerns
in the MFI sector under the chairmanship of _____.
a) Ms Usha Thorat
b) Shri Y. H. Malegam
c) Ms Shyamala Gopinath
d) Shri Anand Sinha
e) None of the above
2. For a remittance of Rs 100,000 under NEFT how much maximum charges other than service tax can be
charged by a bank to the remitter?
a) Rs 5
b) Rs 25
c) Rs 50
d) Rs 5 per thousand
e) None of these
3. With effect from 1st July 2010, interest rates of Banks are linked to which of the following?
a) Base Rate
b) Benchmark Prime Lending Rate
c) Bank Rate
d) Repo Rate
e) None of the above
4. Action under Sarfaesi Act can be taken by a bank in respect of which of the following types of advances?
a) Only Standard Assets
b) Only Sub Standard Assets
c) All NPAs
d) All NPAs except loss accounts
e) All NPAs except sub standard accounts
5. Royal Bank of Scotland based in London opens an account with State Bank of India in Mumbai in Indian
Rupees. For SBI this account will be treated as_____.
a) Nostro account
b) Vostro account
c) Loro account
d) All of these
e) None of the above
6. Which of the following is correct regarding Operating Hours of NEFT?
a) NEFT operates in hourly batches - there are twelve settlements from 8 am to 7 pm on week
days and six settlements from 8 am to 1 pm on Saturdays.
b) NEFT operates in batches of 2 hours each there are seven settlements from 9 am to 5 am on week days and five
settlements from 9 am to 1 pm on Saturdays.
c) NEFT operates in batches of one hour and two hour there are nine settlements from 9 am to 5 am on week days and
three settlements from 9 am to 12 pm on Saturdays.
d) 24*7
e) None of the above
7. For coverage under Priority Sector, how much maximum amount can be granted as educational loan for
education in India and education abroad?
a) Rs 10 lakh, Rs 20 lakh
b) Rs 10 lakh, Rs 10 lakh
c) Rs 4 lakh, Rs 10 lakh
d) Rs 7.5 lakh, Rs 15 lakh
e) None of these
8. Balance Sheet of a firm indicates which of the following?
a) Profit or Loss over a period.
b) Financial position of the unit over a period.
c) Financial position of the unit as on a particular date.
d) Position of assets and liabilities over a period of time.
e) None of the above
9. What is the maximum charge excluding service tax and time varying tariff that can be charged by a bank
for remittance of more than Rs 5 lakh through RTGS?
a) Rs 25
b) Rs 50
c) Rs 100
d) All of these
e) None of the above
10. As per RBI directives, the limit for not obtaining collateral security in case of advance to micro
and small enterprises is Rs______.
a) Rs 1 lac
b) Rs 2 lac
c) Rs 5 lac
d) Rs 10 lac
e) Rs 25 lac
11. In the case of agricultural advances, banks shall not obtain collateral security for loans up
to ________.
a) Rs 25,000
b) Rs 50,000
c) Rs 100,000
d) Rs 200,000
e) None of these
12. In case of short term production credit to farmers up to Rs 3 lac, what is the rate of interest subvention
for 2014-15?
a) 1.5%
b) 2.5%
c) 2%
d) 3%
e) None of the above
13. Interest on Saving Bank deposits is calculated on the basis of ____________with effect from 1st April
2010.
a) Daily Product basis
b) Minimum balance between 5th and last day of the month.
c) Minimum balance between 10th and last day of the month.
d) Monthly Product basis
e) None of the above
14. Which type of crossing restricts transferability of a cheque?
a) Special Crossing
b) Not Negotiable Crossing
c) Account Payee Crossing
d) Both (b) and (c) only
e) None of the above
15. Which of the following is not true about Equitable Mortgage?
a) It is created by Deposit of title deeds.
b) Title Deeds can be deposited by Mortgagor or his authorized agent.
c) Title Deeds can be deposited at Mumbai, Kolkata, Chennai or any other place notified by State Government.
d) It can be only in respect of property located in urban areas
e) None of the above
Answers.
1B
2A
3A
4C
5B
6. A
7A
8C
9B
10 D
11-C
12-C
13-A
14. C
15. D
1.
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sector
the
on
lent
lent
Time
given
demand
by
for
overnight
to
bank
for
for
banks
above
Corporates
1988
the
depositor
or
a
day
a
fixed
period
liability
SEBI
collection
Micro-finance
1.
These Questions of Banking Awareness Quiz has been shared by AK Gupta Sir, Ex- Chief Manager,
Punjab National Bank.
1) A manufacturing enterprise will be classified as small enterprise, if original investment in
plant and machinery is up to____.
a) Rs 10 lakh
b) Rs 25 lakh
c) Rs 2 crore
d) Rs 5 crore
e) None of these
e) LIBOR
10) Under NEFT, settlement takes place in how many batches on Monday to Friday and in how
many batches on Saturdays?
a) 12; 6
b) 6; 3
c) 9; 5
d) 11; 5
e) None of these
11) Foreign Currency Non Resident (Bank) account can be opened for a maximum period of _____.
a) 1 year
b) 3 year
c) 5 year
d) 7 year
e) None of these
12) Banks are required to reimburse to the customers, the amount wrongfully debited on
account of failed ATM transactions within a maximum period of ______.
a) 7 days from the date of receipt of customer complaint.
b) 7 working days from the date of receipt of customer complaint.
c) 7 working days from the date of wrong debit receipt of customer complaint.
d) 12 days from the date of receipt of customer complaint.
e) None of these
13) When advance is granted against Life Insurance Policy, charge is created by way of____.
a) Lien
b) Pledge
c) Hypothecation
d) Assignment
e) Mortgage
14) What rate of interest can be offered by banks in India on NRO term deposits?
a) As applicable in domestic term deposits.
b) As per Bank discretion.
c) As per Bank discretion subject to the condition that it cannot be higher than those offered by the
on comparable domestic rupee deposits.
d)
As
per
e) None of these.
bank
RBI.
15) RBI has advised banks to ensure that demand drafts of _______are issued invariably with
account payee crossing.
a) More than Rs 20,000
b) Rs 20,000 and above
c) Rs 50,000 and above
d) More than Rs 50,000
e) None of these
Answers:
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
D
E
B
A
E
C
A
D
B
A
C
B
C
C
15. B
1.
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bank
National
Housing
Housing
meets
housing
the
needs
Indian
Overseas
commercial
banks
development
development
of
is
various
wholly
finance
boards
of
groups
owned
corporation
various
viz:
exporters
entities
banks
all
none
by:
RBI
LTD.
states
all
none
15.
The
main
objectives
of
national
housing
bank
are
(a) To promote and develop specialized housing finance institutions for mobilization of resources and extending finance for
housing
activities
(b)
To
extend
refinance
facilities
to
housing
finance
institutions
and
to
scheduled
banks
(c)
To
provide
guarantee
and
underwriting
facilities
to
housing
finance
institutions
(d)
all
(e)
none
Answers:
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15. d
C
D
A
A
C
A
A
4
4
4
c
d
d
a
1.
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1. A Pledge means
(a) advanced against goods
(b) hypothecation of goods
(c) bailment of goods as security for payment of a debt or performance of a promise
(d) Open limits
(e) none
2. A cheque crossed as Payees a/c only is direction to
(a) the payee not to negotiate the cheque
(b) the paying banker to ensure that the proceeds of the cheque are credited to the payees a/c only
(c) the collecting banker to ensure that the proceeds of the cheques are collected for the account of the payee only
(d) none of the above
(e) all of the above
3. Truncation of cheques means
A. scanning of the cheques and transmission of electronic image instead of physical cheque in the clearing cycle
B. debiting of drawers account through internet
(a) Only A
(b) Only B
(c) Both A and B
(d) none of the above
(e) Either A or B
4. Cheques are truncated for the purpose of
(a) ensuring faster clearing of the instruments
(b) avoiding the physical movement of the paper instruments and instead transmitting their electronic image
(c) reduction in processing cost
(d) all of the above
(e) none
1.
(2)
(3)
(4)
(5)
To provide a 100 days job at all those who are in need of a job
To provide banking services to all those living in remote areas
To ensure that all financial transactions amounting Rs. 5,000/- and above are done through banks.
None of the above
9. Exporters in India get insurance cover and risk cover form which of the following
organizations?
(1) SIDBI
(2) NABARD
(3) ECGC
(4) RBI
(5) None of the above
10. Banks do not provide which of the following services?
(1) Issuing Bank Draft
(2) Depositing Money
(3) Sale of post .cards and postal stamps
(4) Lockers for valueable items/documents
(5) None of the above
Answers
1.
2.
3.
4.
5.
6.
7.
8.
9.
2
3
3
4
1
4
4
3
3
10. 3
1.
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Dear
BA'ians,
Lets check out our knowledge on most important part and value of our Country. Here is a Banking Awareness Quiz based on
"Currency".
1. In India, which among the following is/are a part of Legal Tender Money?
a) Both coins and currency notes
b) Both coins and bank drafts
c) Both currency notes and SDRs
d) Only currency notes issued by RBI
e)
None
of
these
2. Any note, which is wholly or partially, obliterated, shrunk, washed, altered or indecipherable
is a/an
a) mutilated note,
b) imperfect note,
c) soiled note,
d) mismatched note,
e) none of these
3. Currency notes issued by RBI are fully covered by:
a) Approved assets,
b) Gold
c) Foreign exchange
d) All of these
e) None of the above
4. When a currency is converted into any other currency without any limit and for any purpose,
it is called as
a) Fully convertible;
b) partially convertible;
c) controlled convertible;
d) not at all convertible;
e) none of the above
5. What do you mean by money laundering?
a) Washing the currency notes in a good laundery;
b) converting money obtained through illegal sources in to legal money;
c) keeping the money in currency chests;
d) sending excess cash to the other branch;
e) none of the above
6. Deficit financing impliesa) Printing new currency notes
b) Replacing new currency with worn out currency
c) Public revenue in excess of public expenditure
d) Public expenditure in excess of public revenue
e) None of these
7. Devaluation of a currency means
a) reduction in the value of a currency vis-a-vis major internationally traded currencies
b) permitting the currency to seek its worth in the international market
c) fixing the value of the currency in conjunction with the movement in the value of a basket of predetermined currencies
d) fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading
partners
e) None of these
8. The one-rupee note bears the signature of____________.
a) RBI Governor
b) Deputy Governor
c) Finance Secretary
d) Finance Minister
e) None of these
9. Which one of the following methods is currently used in India to issue note?
a) Fixed fiduciary System,
b) Maximum fiduciary system
c) proportional reserve system,
d) percentage Reserve system
e) Minimum Reserve system
10.Who is authorized to issue coins in India.
a) RBI,
b) Ministry of Finance,
c) SBI,
d) none of these
e) all of these
11.What is understood by Fiduciary Issue of currency?
a) The issue of currency notes without keeping gold or silver as deposit
b) The issue of currency notes keeping gold or silver as deposit
c) The issue of currency notes with partial gold or silver deposits
d) The issue of currency notes with comparative gold or silver deposits
e) None of these
12.If RBI wants to limit the capital outflows and control currency depreciation, which of the
following would be the most viable action?
a) Increase interest rates
b) Decrease interest rates
c) Purchase government bonds
d) Decrease statutory liquidity ratio
e) None of these
13.Which of the following is the sale authority for issue of currency in India?
a) Government of India
b) Reserve Bank of India
c) Controller of Currency
d) All of the above
e) None of the above
14.When was the rupee first minted in India?
a) During the reign of Sher Shah
b) During the Governorship of Lord Bentick
c) After Independence
d) During the reign of Ashoka
e) None of these
15.Who had created the new Rupee symbol in the year 2010?
a) Udaya Kumar Dharmalingam
b) Raj Kumar Barot
c) S Raju
d) Subhash Bhushan
e) None of these
Answers Answer 1.Both coins and currency notes
Answer 2.imperfect note
Answer 3.Gold
Answer 4.Fully convertible
Answer 5.converting money obtained through illegal sources in to legal money
Answer 6.Public expenditure in excess of public revenue
Answer 7.reduction in the value of a currency vis-a-vis major internationally traded currencies
Answer 8.Finance Secretary
Answer 9.Minimum Reserve system
Answer 10.Ministry of Finance
Answer 11.The issue of currency notes without keeping gold or silver as deposit
Answer 12.Increase interest rates
Answer 13.Reserve Bank of India
Answer 14.During the reign of Sher Shah
Answer 15.Udaya Kumar Dharmalingam
1.