Banking Awareness Question Set - 19

Banking Awareness Question Set - 19

7380   15-Apr-2018, Sun

1). When was Triton Insurance Company Ltd established?

a) 1834

b) 1850

c) 1907

d) 1938

e) None of these

 

2). _______________account records the change in stock of reserve assets (also known as foreign

exchange reserves) at the country‘s monetary authority.

a) Reserve

b) Demat

c) Bank

d) Stock

e) None of these

 

3). Which of the following is NOT a retail banking product?

a) Fixed deposit account

b) Working capital finance

c) Personal loan

d) Housing loan

e) Educational loan

 

4). _________is defined as a sustained increase in the general level of prices for goods and services.

a) Deflation

b) WPI

c) Inflation

d) CPI

e) None of these

 

5). The first nationalisation of banks exercise was done on:

A. 19.07.1969

B. 19.07.1970

C. 19.07.1967

D. 15.08.1967

E. None of the above

 

6). ______ referring to the purchase of assets in the rest of the world, which allows control over that assets.

a) Commercial Borrowings

b) Foreign Indirect Investment

c) Portfolio Investment

d) Foreign Direct Investment

e) None of these

 

7). Out of 27 Public Sector Banks (PSBs), Govt of India controls 22 banks through majority holding

and which of the following state-run entities holds majority stake in the remaining 5 banks?

a) LIC

b) SIDBI

c) NABARD

d) SBI

e) Other than those given as options

 

8). Which of the following is NOT a KYC requirement while opening a bank account?

a) A proof of identity

b) A proof of address

c) A proof of income

d) A recent photograph

e) None of these

 

9). The term SMART MONEY refers to:

a) Traveller's Cheque

b) Internet Banking

c) Credit Cards

d) All of the above

e) None of These

 

10). Commercial banks provide locker facility to their customer for _______.

a) Satisfying the Bank’s jewellry and gold needs.

b) Filing important documents

c) Safe custody

d) Storing excess gold and valuables of banks

e) None of these

 

11). ASBA (Application Supported by Blocked Amounts) used with the help of banks associated with

a) Capital Market

b) Loans

c) World Bank Grants

d) Ponzi Schemes

e) None of these

 

12). Who appoints the deputy governors of RBI?

a) Union Government of India

b) Board of directors of RBI

c) RBI Governor

d) President of India

e) None of these

 

13). Who invented the first operational ATM ?

a) John Conner

b) John Smith Adam

c) Adam Carter

d) John Shepherd Barron

e) John Sayer

 

14). A money deposited in a bank that cannot be withdrawn for a preset fixed period of time is

known as:

a) Checking Account

b) Term Deposit

c) No Frills Account

d) All of the above

e) None of These

 

15). ‘Trusted Family Bank‘ is the tagline of –

a) Dena Bank

b) Corporation Bank

c) Central Bank of India

d) Oriental Bank of Commerce

e) None of these

 

16). CRISIL has been promoted by ____ and_____?

a) ICICI, UTI

b) IDBI, SBI

c) AXIS, UTI

d) PNB, SBI

e) None of these

 

17). Which is the first Committee that gave its recommendations relating to Mechanization of Banking System?

a) Saraf Committee

b) Rangarajan Committee

c) Kishore Committee

d) Narsimhan Committee

e) None of these

 

18). The decimal system of note and coin issue was started in India in______.

a) 1950

b) 1947

c) 1957

d) 1960

e) None of these

 

19). The term _____ is defined as a central location for keeping securities on deposit?

a) Depository

b) Instrument

c) Institutions

d) All of the above

e) None of the above

 

20). Role of merchant bankers——–?

a) Mobilization of funds

b) Promotional function

c) Innovation

d) All of these

e) None of these

 

21). In which circumstance Dear money policy will be adopted by Reserve Bank of India?

a) Inflation

b) inflatable

c) disinflation

d) Ostentation

e) none of these

 

22). Reserves which can act as a liquidity buffer for commercial banks during crisis times are

a) CAR

b) SLR

c) CAR and CRR

d) CRR and SLR

e) None of these

 

23). Regional Rural Banks have been set up with the basic objective of:

a) Providing credit to semi-urban and urban population

b) Providing deposits facilities to farmers

c) Providing credit and deposit facilities to rural areas

d) Providing credit, deposit and other banking facilities to people in rural areas

e) None of the above

 

24) The following is a mechanism for injecting liquidity by RBI to the financial system:

a) Reverse Repo

b) Hike in CRR

c) Hike in interest rate

d) Repo

e) None of the above

 

25). In 2014, Competition Commission of India probed the merger between regional rural banks

sponsored by Punjab National Bank and

a) Andhra Bank

b) Union Bank of India

c) State Bank of India

d) Syndicate Bank

e) None of these

 

26). Providing Gas subsidy, government pensions, providing scholarships etc through banks called as

a) Area Banking

b) Social Banking

c) Royal Banking

d) Visual Banking

e) None of these

 

27). Which of the following banking does not come under Social Banking?

a) Crediting the LPG subsidy in the beneficiary bank account

b) Offering Jan Dhan Scheme accounts

c) Allowing students to credit their scholarships through No-frill accounts

d) Allowing the subsidy loan to disadvantage sections of the society

e) None of these

 

28). Loan of very small amounts given to low income groups is called

a) Cash credit

b) Micro credit

c) Simple overdraft

d) No frills loans

e) None of these

 

29). Which bank was the sponsor of Prathama Gramin Bank?

a) Bank of Baroda

b) Indian Bank

c) Punjab National Bank

d) Syndicate Bank

e) None of these

 

30). Which one of the following is/are implication(s) of large inflow of foreign exchange into the country?

I. It makes monetary management difficult for RBI.

II. It creates money supply, asset bubbles and inflation.

III. It weakens the competitiveness of Indian exports.

a) Only I

b) Only II

c) Only III

d) All of the above

e) None of these

 

31). Who is conferred with the Central Banker of the Year Award (Global and Asia Pacific) for 2016

by The Banker, the Financial Times Group‘s monthly publication?

a) Janet Yellen

b) Raghuram Rajan

c) Graeme Wheeler

d) Mario Draghi

e) None of these

 

32). Production is

a) Destruction of Utility

b) Creation of Value

c) Creation of Utility

d) Manufacture of goods

e) None of these

 

33). What is the cost of credit expressed as a percentage on a yearly basis called?

a) APR

b) APY

c) WPI

d) All of the above

e) None of these

 

34) Which of the following belongs to the time when a company makes the first offering of the shares to the public?

a) CSO

b) IPO

c) REPO

d)WTO

e) None of these

 

35) Which of the following depicts the financial position of a bank or business enterprise at a given point of time?

a). Balance sheet

b) Cash flow statement

c) Income statement

d) Model audit

e) None of these

 

36) What method is used by the Bank to read code on cheque?

a) MICR

b) OCR

c) OMR

d) None

e) APR

37) How many digits are there in IFSC Code?

a) 10

b) 11

c) 12

d) 13

e) 15

 

38) Foreign currency which has a tendency of quick migration is called

a) cold currency

b) hot currency

c) liquid currency

d) none of these

e) All of these

 

39). The main function of an Asset Management Company is to:

a) manage the securities of various schemes

b) manage the funds by making investments in various types of securities

c) manage property for the benefit of the unit holders

d) All the above

e) None of these.

 

40). RBI uses bank rate in order to control ___________.

a) Money supply, volume of bank credit and cost of bank credit.

b) Liquidity

c) Cash holdings of banks

d) Financial position of banks

e) None of these

 

41). Which of the following terms is used in the field of banking and finance?

a) Investment

b) Genetics

c) Resistance

d) Metabolic Reaction

e) None of these

 

42). Forfaiter is

a) an intermediary between an exporter and importer

b) an intermediary between an exporter and bank

c) an intermediary between an bank and importer

d) a bank.

e) None of these

 

43). Electronic fund transfers like RTGS and NEFT are operated and maintained by ___________.

a) National Payments Corporation of India (NPCI)

b) Bharat Bill Payment System (BBPS)

c) Reserve Bank of India (RBI)

d) Clearing Corporation of India Limited (CCIL)

e) None of these

 

 

44). Which of the following banks has opened the country‘s first ―Cash Factory in Lucknow which

will issue currency notes to all its branches and ATM in the area?

a) Bank of India

b) Bank of Baroda

c) State Bank of India

d) Union Bank of India

e) None of these

 

45). National Payments Corporation of India (NPCI) is being used by banks for ___________.

a) Remittance

b) Clearing and settlement

c) Payments and settlements

d) Advisory service

e) None of these

 

46). First state cooperative bank to have its own RuPay ATM cum Debit Card is ?

a) Himachal Pradesh

b) Bihar

c) Andhra [praesh

d) Rajasthan

e) None of these

 

47). In EDLI, what is the meaning of L?

a) Limit

b) Linked

c) Lower

d) Listed

e) Loan

 

48). Mortgage is Security on:

a) Immovable Property

b) Movable Property

c) Both Movable and Immovable Property

d) cannot be determined

e) None of these

 

49). It is a tax which is levied at the same rate at all income levels.

a) Progressive Tax

b) Regressive Tax

c) Proportional Tax

d) Sales Tax

e) None of these

 

50). The debit card holder can perform which of the following functions ?

a) Make Point of Sale (POS) purchase

b) Recharge Prepaid mobile phones

c) Pay Life Insurance premium

d) Make donation

e) All of the above

 

51). Bank Rate is……….?

a) Rate at which commercial banks borrow long term funds from Central Bank.

b) Rate at which commercial banks borrow Short term funds from Central Bank.

c) None of these

d) Both 1 and 3

e) cannot be determined

 

52). What is used to manage cash flows in different currencies?

a) Credit crunch

b) Arbitrage

c) Mirco credit

d) Currency swap

e) None of these

 

53). There are _______ promoter banks in National Payments Corporation of India (NPCI).

a) 6

b) 7

c) 8

d) 10

e) 9

 

54). The govt. of India replaced the FERA by……….?

a) FEMA

b) FRBMA

c) Monopolies Act

d) FRTP

e) None of these

 

55). Where are the headquarter of National Housing Bank (NHB)?

a) New Delhi

b) Mumbai

c) Pune

d) Lucknow

e) Bangalore

 

56). CAMEL model is used by _______?

a) Bankers to evaluated a credit proposal

b) Bankers to manage their risks

c) RBI inspectors to evaluate banks functions

d) Merchant Bankers to evaluate portfolio investment

e) None of the above

 

57). Credit cards are cards which are also known as__

a) Plastic cards

b) Card money

c) Plastic cards full of money

d) All of the above

e) None of these

 

58). Full form of QIB is

a) Quantitative Institution Board

b) Qualified Inclusive Board

c) Qualified Institutional Buyers

d) Quantity Institutional Buyers

e) Quantified Infrastructure Board

 

59). 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

 

60). What does ‘I’ stand for in ULIP?

a) Investment

b) Inflation

c) Insurance

d) Instrument

e) Index

 

61). Which of the following is not related to bill of exchange?

a) Endorser

b) Payee

c) Drawer

d) Drawee

e) None of these

 

62). 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

 

63). Which from the following is NOT true when the interest rate in the economy goes up?

a) Saving increases

b) Lending decreases

c) Cost of production increases

d) Return on capital increases

e) None of the above

 

 

64). Which of following is NOT a function of the Reserve Bank of India?

a) Fiscal Policy Functions

b) Exchange Control Functions

c) Issuance, Exchange and destruction of currency notes

d) Monetary Authority Functions

e) Supervisory and Control Functions

 

65). With a view to facilitate payment of balance in the deposit account to the person named by the

depositor without any hassles in the event of death of the account holder, the following facility was

introduced for bank accounts in our country______

a) Will

b) Registration

c) Nomination

d) Indemnity

e) Guarantee

 

66). Banks in our country normally publicize that additional interest rate is allowed on retail domestic

term deposits of________.

a) Minors

b) Married women

c) Senior citizens

d) Govt. employees

e) Rural residents

 

67). Structure of Basel II is based on how many pillars?

a) Two

b) Ten

c) Four

d) Five

e) Three

 

68). Expand the term FRBM ______

a) Financial Responsibility and Business Management

b) Fiscal Responsibility and Business Management

c) Financial Responsibility and Budget Management

d) Fiscal Responsibility and Budget Management

e) Formal Responsibility and Business Management

 

69). Which of the following organization / agencies has established a fund known as Investor Protection Fund?

a) RBI

b) SIDBI

c) Bombay Stock Exchange

d) Ministry of Finance

e) Ministry of Commerce & Industry

 

70). The CRR and SLR maintenance is on the ________

a) NDTL

b) DTL

c) Total Deposits

d) CASA

e) None of these

 

71). Where is NDB headquartered?

a) Beijing

b) Chengdu

c) Hong Kong

d) Shanghai

e) None of these

 

72). National stock exchange is located -

a) New Delhi

b) Mumbai

c) Kolkata

d) Bangalore

e) None of these

 

73). Which was the first bank to be established in India?

a) Bank of Calcutta

b) Bank of Hindustan

c) General Bank of India

d) State Bank of India

e) None of these

 

74). Where is the head quarter of World Health organization (WHO)?

a) New York

b) Geneva

c) Paris

d) London

e) None of these

 

75). What is the full form of MTSS?

a) Money Transfer Service Scheme

b) Medium Transfer Service Scheme

c) Moderate Transfer Service Scheme

d) Money Transfer Service Strategy

e) None of these

 

76). “Banking for all” is the tagline of which Bank?

a) State bank of India

b) IDBI Bank

c) HDFC Bank

d) ICICI Bank

e) None of these

 

77). Relationship between the RBI and the bank maintaining currency chest will be of ______?

a) Trustee and beneficiary

b) Creditor and debtor

c) Licensor and licensee

d) Principal and agent

e) None of these

 

78). IDBI Bank is a?

a) Public Sector Bank

b) Private Sector Bank

c) Foreign Bank

d) Cooperative Bank

e) None of these

 

79). Which of the following is a fully-owned subsidiary of RBI?

a) NHB

b) DICGC

c) BRBNMPL

d) All of the above

e) Only (a) and (b)

80). Small finance banks are a type of ______ banks in our country.

a) niche

b) investment

c) industrial

d) All of the Above

e) None of the Above

 

81). If a bank is not able to recover its loan and advances it is called

a) Market Risk

b) Distribution Risk

c) Operational Risk

d) Capital Risk

e) None of these

 

82). According to RBI Regulations, which of the following are allowed to set up small finance banks?

a) NBFC

b) MFI

c) LAB

d) All of the Above

e) None of the Above

 

83). What is ‘STT’?

a) Standard Transaction Tax

b) Securities Transaction tax

c) Securities Transfer tax

d) Standard Transfer tax

e) None of these

 

84). The Head Quarters of BIS?

a) Basel, Switzerland

b) Australia

c) UK

d) Japan

e) None of these

 

85). BIS stands for?

a) Bank for Insurance Supervision

b) Bank for Income Settlements

c) Bank for International settlements

d) Bank for International school

e) None of these

 

86). RWA stands for?

a) Real Weight Assets

b) Range Weighted Assets

c) Risk Weighted Assets

d) Risk Wire Assets

e) None of these

 

87). Wholesale banking is also called,

i) Corporate banking.

ii) Commercial banking

a) only i.

b) only ii.

c) both i and ii.

d) Cannot be determined

e) None of these.

 

88).National stock exchange is located -

a) New Delhi

b) Mumbai

c) Kolkata

d) Bangalore

e) None of these

 

89). World investment report is published by?

a) UNDP

b) World bank

c) IMF

d) UNCTAD

e) none of these

 

90). In which of the following States there is no Regional Rural Bank?

a) Karnataka

b) Goa

c) Uttarakhand

d) Himachal Pradesh

e) Punjab

 

91). National Institute of Bank Management is the institute meant for__________.

a) Providing Management personnel to the Banks

b) Training of bank employees in Banking

c) Providing consultancy on best practices in Bank Management

d) Recruitment of Bank Employees at all levels

e) All those given as options

 

92). The Asian Development Bank (ADB) is a regional development bank established in 1966. It is

headquartered in ___________.

a) Shanghai

b) Manila

c) Kathmandu

d) Jakarta

e) None of these

 

93). The first ATM was set-up in Mumbai in 1987 by _____________.

a) ICICI Bank

b) SBI

c) HDFC Bank

d) HSBC Bank

e) None of these

 

94). The ratio of deposits in current and savings account to total deposits of a bank, is known as

a) NPA ratio

b) NIM ratio

c) CD ratio

d) CASA ratio

e) None of these

 

95). What is the full form of FSDC?

a) Financial Security and Development Council

b) Financial Stability and Development Council

c) Financial Security and Development Convention

d) Fiscal Stability and Development Council

e) None of these

 

96). Which of the following bank launches India‘s first Mobile ATM?

a) HDFC Bank

b) Axis Bank

c) ICICI Bank

d) SBI

e) None of These

 

 

97). Federation of Indian Chambers of Commerce and Industry (FICCI) established in ________

a) 1927

b) 1985

c) 2001

d) 1999

e) 1995

 

98). What are the facilities available to the customers through ATM :-

a) Cash withdrawal subject to a predetermined limit per day

b) Cash deposit

c) Balance enquiry

d) details of certain number of transactions

e) all of the above.

 

99). Any change in flow of funds and the demand of them, is clearly reflected in?

a) Call money market

b) Money market

c) Repo market

d) Commercial bill market

e) None of these

 

100). The proposed Universal Banks shall be governed by _______

a) Banking Regulation Act, 1949

b) Reserve Bank of India Act, 1934

c) Foreign Exchange Management Act, 1999

d) Payment and Settlement Systems Act, 2007

e) All of above Acts govern these banks.

Banking Awareness Question Set - 18

Banking Awareness Question Set - 18

1298   11-Apr-2018, Wed

 

1). The interest on recurring deposit is paid on the basis of?

a) Interest calculated on daily products basis

b) Simple interest on monthly products basis

c) Simple interest calculated monthly basis

d) Quarterly compounding

e) None of these

 

2). In which year UTI was split into UTI-I and UTI-II?

a) 2001

b) 2002

c) 2003

d) 2004

e) 2005

 

3). RBI was established in 1935 pursuant to recommendation of:

a). The Hilton Young Commission

b). All India Rural Credit Survey Committee

c). Gorawala Committee

d). Talwar Committee

e) None of the above

 

4). 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 of the above

e) None of these

 

5). Tele banking is attracting the fancy of urban customer due to

a) Non-availability of time to visit bank branches

b) Transport bottlenecks

c) Traffic Jams

d) All of the above

e) None of these

 

6). When RBI reduce the CRR it results into ______________

a) Increase in lendable resources

b) Decrease in lendable resources

c) Increase in deposit

d) Decrease in deposit

e) None of these

 

7).In banking services, which are the major characteristics affecting the channel selection

a) Intangibility

b) Inseparability

c) Perish ability

d) All of the above

e) None of these

 

8). What does CRR stand for?

a) Credit Reserve Ratio

b) Cost Advisory Ratio

c) Cash Reserve Ratio

d) Cash Revenue Ratio

e) None of these

 

9). What does 'DD' stand for

a) Demand Cheque

b) Demand Credit

c) Demand Cash

d) Demand Draft

e) None of these

 

10). The term smart money refers to ____

a) foreign currency

b) Internet banking

c) US Dollars

d) Traveller’s cheques

e) credit cards

 

11). Which of the following is the retail banking product?

a) home loans

b) working capital finance

c) corporate term loans

d) infrastructure financing

e) export credit

 

12). Which of the following is NOT required for opening a bank account?

a) Identity Proof

b) Address Proof

c) Recent Photographs

d) Domicile Certificate

e) None of these

 

13) Who was the first governor of RBI?

a). Osborne Smith

b). James Taylor

c). C.Desh Mukh

d). B.R.Rao

e). None of the above

 

14) The first Indian to be appointed as the Governor of the RBI?

a). Osborne Smith

b). James Taylor

c). C.D.Deshmukh

d). B.R.Rao

e). None of the above

 

15). Which of the following is not a tool in the hands of RBI to control the inflationary pressure in the country?

a) Bank Rate (BR)

b) Special Drawing Rights (SDR)

c) Statutory Liquidity Ratio (SLR)

d) Cash Reserve Ratio (CRR)

e) None of these

 

16). When was the Financial Market Department was established by RBI?

a) May, 1999

b) Jan, 2000

c) July, 2005

d) Aug, 2002

e) None of these

 

17). Which among the following is at times mentioned as a kind of Direct Debit Facility?

a) RTGS

b) ECS

c) NEFT

d) All of these

e) None of these

 

18). Which is the biggest commercial bank in India?

a) Indian Overseas Bank

b) SBI

c) PNB

d) Indian Bank

e) Canara Bank

 

19). How many Deputy Governors are there in RBI?

a) Three

b) Two

c) Four

d) Six

e) Five

 

20). Which among the following does not decided the RBI?

a) CAR

b) CRR

c) Base Rate

d) Bank Rate

e) Repo Rate

 

21). The interest on Marginal Standing Facility sanctioned by RBI to banks is:

a). Repo rate plus 1%

b). Repo Rate plus 2%

c). Repo Rate plus 3%

d). One percent less than reverse repo rate

e). None of the above

 

22). What does T in RTGS stand for?

a) Time

b) Transaction

c) Tax

d) Transfer

e) None of these

 

23). In which year does the Differential Rate of Interest Scheme was introduced?

a) 1972

b) 1982

c) 1978

d) 1988

e) None of these

Answer: a)

24). Islamic Development Bank located in which country?

a) Qatar

b) Saudi Arabia

c) Yemen

d) Iraq

e) Oman

 

25). In which among the following types occurs the Interest Rate Risk?

a) Interest risk

b) Credit risk

c) Payment risk

d) Market risk

e) None of these

 

26). Which of the following is the biggest borrower in India?

a) Government of India

b) Reserve bank of India

c) State Government

d) Indian Railways

e) Public Sector Undertakings

 

27). Which of the following terms is used in banking field?

a) Input Devices

b) Zero Hour

c) Interest Rate Swap

d) Sedimentary

e) Privilege Motion

 

28). E.P.S. in share market stands for:

a) Earnings Per Share

b) Electronic Payment System

c) Employee Pension Scroll

d) Equated Payment System

e) None of these

 

29). Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched on which date?

a) 16 August 2014

b) 26 January 2014

c) 28 August 2014

d) 4 January 2014

e) None of these

 

30). According to the ASSOCHAM reports, which among the following states has topped in the country in terms of growth in the industry and service sectors in the last ten years?

a) Gujarat

b) Madhya Pradesh

c) Maharashtra

d) Uttrakhand

e) Tamil Nadu

Answer: d)

31). __________has become the first state in India to launch RBI's e- payment system for commercial tax payers.

a) Karnataka

b) Assam

c) Kerala

d) Tamil Nadu

e) Andhra Pradesh

Answer: a)

32). ________is the organization that maintains the borrower‘s history in India.

a) CAMEL

b) CARE

c) CRISIL

d) CIBIL

e) None of these

 

33). Which of the following is not a Public Sector Unit?

a) HPCL

b) HAL

c) SAIL

d) YES Bank

e) IDBI Bank

 

34). Which of the following organizations issue the rules of global trade?

a) Foreign trade

b) G-20

c) World Trade Organization

d) IMF

e) None of these

 

35). Subprime lending is a term applied to the loans made to

a) Those borrows who do not have a good credit history

b) Those who wish to take loan against the mortgage of tangible assets

c) Those who have a good credit history and are known to bank since 10 years

d) Those borrowers who are most preferred customers of the bank

e) None of these

 

36). RBI stipulates a healthy mix of CASA in the business figures of banks. What is CASA?

a) Current Account and saving Account

b) Credit and savings Aggregate

c) Customer Analysis and Savings Pattern

d) Cost Appreciation and selling Analysis

e) None of these

 

37). In India, Infrastructure Debt Fund can be established as a Trust or a company. Which of the following regulated the Infrastructure Debt Fund set up as a trust?

a) SEBI

b) RBI

c) IRDA

d) Ministry of Corporate Affairs

e) IRDA

 

38). Whose signature appears on Indian Rs. 100 note?

a) RBI Governor

b) Finance Secretary

c) Finance Minister

d) Chairman, Planning Commission

e) None of these

 

39). Which of the following is / are included under Statutory Pre-emption?

a. SLR

b. CRR

c. Bank Rate

d. Repo Rate

a) Only (a)

b) Only (a) and (c)

c) Only (a) and (b)

d) Only (d)

e) All of these

 

40). Which of the following is necessary while opening deposit accounts in banks?

a) Will

b) Registration

c) Guarantee

d) Nomination

e) None of these

 

41). Which bank recently introduced the Software Robotics for power banking operations?

a) ICICI Bank

b) Axis Bank

c) HDFC Bank

d) State Bank of India

e) None of these

 

42). Which of the following banks launched 'Mingle', a social media banking platform for Facebook and Twitter users?

a) HDFC Bank

b) ICICI Bank

c) Axis Bank

d) SBI

e) Federal Bank

 

43). Which of the following financial institutions is based in the Basel city of Switzerland?

a) IMF

b) World Bank

c) ADB

d) BIS

e) WTO

 

44). Who is issuing license to perform insurance business by banks?

a) RBI

b) IRDA

c) SEBI

d) Central government

e) LIC

 

45). Now a bank can enter in the field of insurance sector. To enter in the field of insurance the minimum net worth of a bank should be -

a) Rs 200 Crores

b) Rs 500 Crores

c) Rs 100 Crores

d) Rs 50 Crores

e) No such requirement

 

46). When banks are undertaking the business of bancassurance, they attract supervision of

a) Central govt.

b) SEBI

c) RBI

d) IRDA

e) None of these

 

47). The banks included in 2nd schedule of are known as scheduled banks

a) Banking Regulation Act

b) Reserve Bank of India Act

c) Negotiable Instrument Act

d) Banking (Acquisition & Transfer of Properties)Act

e) Banking Companies Act

 

48). Social control over the banks in India was imposed on

a) 9th June, 1969

b) 9th July, 1969

c) 19th July, 1969

d) 19th July, 1970

e) 9th July, 1970

 

49). The nationalisation of 14 Indian commercial banks, with deposits over and above Rupees 50 Crores, was undertaken by government of India, on

a) 9th June, 1969

b) 19th July, 1969

c) 9th July, 1969

d) 9th June, 1970

e) 9th July, 1970

 

50). After nationalisation of 14 commercial banks, the government of India had nationalised other 6 commercial banks, with deposits over and above Rs 200 Crores, during

a) April, 1980

b) April, 1969

c) April, 1970

d) May, 1970

e) July, 1970

 

51). On 4th September, 1993. a loss making nationalised bank was merged with Punjab National Bank by government of India. The name of the bank was

a) Lakshmi Was Bank

b) New Bank of India

c) Sangali Bank

d) State Bank of Saurashtra

e) State Bank of Indore

 

52). Who is holding the share capital of nationalised banks

a) State Bank of India

b) Reserve Bank of India

c) Public

d) Government of India

e) Government of India & Public

 

53). ______is a short term and unsecured promissory notes issued by corporations with very high credit standings:

a) Commercial Paper

b) Cheque

c) Corporate Bond

d) None of The Above

e) DD

 

54). CBS stands for:

a) Code Banking Solutions

b) Core Banking Solutions

c) Central Banking Solutions

d) None of The Above

e) Core Bank System

 

55). Slogan of Corporation Bank is:

a) Working for a better tomorrow

b) Trusted Family Bank

c) Prosperity For All

d) None of The Above

e) Property for all

 

56). White Label ATM means:

a) The ATM that does not have any bank logo.

b) The ATM carries logo of RBI

c) Both of Above

d) None of These

e) ATM Carries fund

 

57). Which among the following is correct about the ―White Label ATM:

a) Any non bank entity with a minimum net worth of Rs. 100 crore can apply for white label ATMs. (Not Just NBFCs, any non bank entity can apply)

b) White Label ATM does not carry any bank’s logo.

c) RBI has given license/permission to non – bank entities to open White Label ATMs.

d) Sponsor Bank provides the cash.

e) All of the Above

 

58). The first company to get RBI‘s permission to open White Label ATMs is:

a) Tata Communications Payment Solutions Limited (TCPSL)

b) Muthoot Finance

c) Prizm Payments

d) AGS

e) None of These

Answer: a)

59). TCPSL started their White Label ATMs chain under brand name______:

a) Easecash

b) Indicash

c) T – Cash

d) None of These

e) E -Cash

 

60). Which among the following is correct about Brown Label ATMs:

a) These ATMs are owned and maintained by service provider.

b) Bank whose Brand name is used on ATM takes care of cash management and network connectivity.

c) Both of Above

d) None of These

e) ATM Carries fund

 

61). Which among the following definitions are correct:

a) Online ATMS – These ATMs are connected to the bank’s database at all times and provide real time transactions online. The withdrawal limits and account balances are constantly monitored by the bank.

b) Offline ATMs – These ATMs are not connected to bank’s database hence they have a pre-defined withdrawal limit fixed and you can withdraw that amount irrespective of the balance in your account.

c) Onsite ATM – The ATMs installed within a branch premises

d) All of the Above

e) None of These

 

61). Which among the following definitions of ATMs are incorrect:

a) Onsite ATM – The ATMs installed within a branch premises.

b) Stand Alone ATM – The ATMs are not connected with any ATM network hence their transactions are restricted to the ATM’s branch and link branches only.

c) Both of Above

d) Online ATMS - These ATMs are connected to the bank’s database at all times and provide real time transactions online. The withdrawal limits and account balances are constantly monitored by the bank.

e) None of These

 

62). Which of the following is not classified as a commercial Bank ?

a) Regional Rural Bank

b) Private Sector Bank

c) Foreign Bank

d) Co-operative Bank

e) None of these

 

63). Which among the following is a qualitative tool of monetary policy?

a) Bank Rate

b) Credit Ceiling

c) Credit rationing

d) Cash Reserve Ratio

e) Repo Rate

 

64). From time – to – time, which among the following body publishes the ―exchange control Manual in context with the foreign exchange in India?

a) Foreign trade promotion board

b) Department of commerce

c) Reserve bank of India

d) SEBI

e) None of the above

 

65). At present the rate of interest paid by RBI to Commercial Banks on CRR is :

a) 3%

b) 4%

c) 5%

d) No interest

e) Only for above Rs. 1000 crore CRR balance.

 

66) The Cash Reserve Ratio is to be maintained by Commercial Banks in the form of:

a). Cash in hand at branches

b). Balance with other banks

c). Balance in a special account with RBI

d). Funds in the currency chest

e). Any of the above options.

 

67) Increasing Cash Reserve Ratio from time to time by Reserve Bank of India leads to:

a). Decrease in deposit

b). Increasing in deposit

c). Increase in lendable resources

d). Decrease in lendable resources.

e). Any of the above

 

68). Which bank has launched the country‘s first contactless debit and credit cards on 7 January 2015?

a) HDFC

b) SBI

c) ICICI

d) Union Bank of India

e) Yes Bank

 

69). In recent times, the term Gold ETF was making news. Which among the following closest instrument to Gold ETF?

a) Debenture

b) G-Sec security

c) Mutual Fund

d) Commercial Paper

e) IPO

 

70). Which of the following deposits do not attract TDS?

a). Fixed Deposits

b). Deposit Reinvestment Deposits

c). Flexi Deposits

d). Call Deposits

e). Recurring Deposits

 

71). Which is the first bank to get ISO certificate?

a) Corporation Bank

b) UBI

c) Canara Bank

d) Syndicate Bank

e) ICICI

 

72). Which of the following is the best option to park money for a long period of time to earn a high rate of interest?

a) Savings account

b) Current account

c) Deposit account

d) Recurring account

e) None of these

 

73). Which of the following bank has recently launched a new home loan product ―Women Power with a differential rate of interest

exclusively for women customers?

a) ICICI Bank

b) HDFC Bank

c) IDBI Bank

d) SBI

e) None of these

 

74). What do well can an arrangement whereby an issuing bank at the request of the importer (Buyer) undertakes to make payment to the exporter (Beneficiary) against stipulated documents?

a) bill of exchange

b) letter of exchange

c) letter of credit

d) bill of country

e) None of these

 

75). Which of the following is not a primary function of a Bank?

a) Granting Loans

b) Collecting Cheques/Drafts customers

c) Facilitating import of goods

d) Issuing Bank Drafts

e) Selling Gold/Silver Coins

 

76). Among the banks in our country, which of the following is not a foreign bank?

a) HSBC

b) Standard Chartered Bank

c) BNP Paribas

d) Citi Bank Na

e) Ing Vysya Bank

 

77). Which among the following body authorizes the credit limit to the national cooperative marketing federation?

a) Reserve bank of India

b) Department of agriculture

c) NABARD

d) Department of finance

e) None of these

 

78). The headquarters of local boards of RBI are located at__:

a) Mumbai, Kolkata, Chennai and New Delhi

b) Mumbai, Jaipur, Chennai and Mysore

c) Mumbai, Ahmedabad, Chennai and New Delhi

d) Mumbai, Ahmedabad, Jaipur and New Delhi

e) None of these

 

79). Which among the following is NOT a pillar of Basel III?

a) Minimum capital standards

b) Supervisory review

c) Market discipline

d) Consolidation of assets

e) None of the above

 

80). Budget is an instrument of ___________

a) Commercial policy of the government

b) Fiscal policy of the Government

c) Monetary policy of the government

d) Money-saving policy of the government

e) None of these

 

81). Kisan Credit Card (KCC) scheme introduced in ……………… has emerged as an innovative credit delivery mechanism to meet the production credit requirements of the farmers in a timely and hassle – free manner.

a) 1998

b) 2000

c) 2001

d) 1991

e) 2004

 

82). The Basic criteria that was considered while nationalisation of banks in 1969 was the liability base of banks is more than:

a) 30 crores or more

b). 40 crores or more

c). 50 crores or more

d). 60 crores or more

e). None of the above

 

83). Which of the following is a Private Sector Bank in India?

a) Corporation Bank

b) Kotak Mahindra Bank

c) IDBI Bank

d) Syndicate Bank

e) Oriental Bank of Commerce

 

84). Why reserve bank of India is called custodian of foreign balances of the country?

a) because government delegates RBI to redistribute the foreign currencies in India

b) because RBI maintains both gold and foreign currencies as reserves against note issues

c) because RBI is delegated by the Government to absorb all the foreign currency in India

d) b and c

e) None of the above

 

85). If the customer can do all transactions only in a branch and the branch has no online access, it is called ___________.

a) Online Banking

b) Internet Banking

c) Virtual Banking

d) Brick and Mortar Banking

e) None of these

 

86). Which of the following measures will have positive impact on Inflation?

(1). Reduction in unnecessary expenditure of Government

(2). Increase in savings of the people

(3). Surplus budgets

(4). Halt in repayment of public debt

Select the correct codes

a) 1, 2 and 4

b) 2, 3 and 4

c) 1, 3 and 4

d) All of the above

e) None of the above

 

87). In respect of partnership business, LLP stands for ______?

a) Limited Liability Partnership

b) Limited Loan Partnership

c) Local Labour Promotion

d) Low Labour Projects

e) None of these

 

88). When did the nationalisation of major banks happen?

a) June, 1951

b) June, 1961

c) June, 1969

d) July, 1969

e) None of these

 

89). Interest payable on savings bank accounts is?

a) Regulated by Central Govt

b) Regulated by RBI

c) Regulated by Finance Minister

d) De-regulated by RBI

e) None of these

 

90). Banking services delivered to a customer by means of a computer control system that does not directly involve banks branch is called?

a) Brick & Mortal banking

b) Virtual banking

c) Universal banking

d) All of the above

e) None of these

 

91) Who is present Chairman of TRAI?

(a) Ajay Tyagi

(b) TS Vijayan

(c) H Pradeep Rao

(d) Anil Kaushal

(e) RS Sharma

 

92). Where is the head office of TRAI?

(a) Hyderabad

(b) Chennai

(c) Kolkata

(d) New Delhi

(e) Mumbai

 

93). Which Bank has become the first bank in India to deploy ‘software robots, that emulate human action, in its over 200 business processes, thereby reducing the response time to customers by up to 60 percent?

(a) Axis Bank

(b) Bank of Baroda

(c) State Bank of India

(d) ICICI Bank

(e) HDFC Bank

 

94). Which Bank has launched three innovative information technology (IT) products named VPAYQWIK, Vijaya *99# and V-eConnect+?

(a) Vijaya Bank

(b) Bank of India

(c) Indian Bank

(c) Allahabad Bank

(e) Kotak Mahindra Bank

 

95). DCB Bank has announced the launch of mVisa, a mobile-based payment solution that will make payments at retail outlets much easier. DCB Bank Based in-

(a) West Bengal

(b) Kerala

(c) Maharashtra

(d) Rajasthan

(e) Gujarat

 

96). India’s first banking robot Lakshmi launched by ___________ in Chennai.

(a) Axis Bank

(b) South Indian Bank

(c) ICICI Bank

(d) Kotak Mahindra Bank

(e) City Union Bank

 

97). Yes Bank has launched “Yes Mobile 2.0” its new mobile banking app with multiple new features and extensive support for banking transactions on Apple and Android-based SmartWatches. Yes Bank is a-

(a) Public sector Bank

(b) Private sector Bank

(c) Foreign sector Bank

(d) Nationalised Bank

(e) Regional Rural Bank

 

98. Name the Bank which has launched SIMsePAY, a unique innovation that allows any account holder to do money transfers, pay utility bills and other mobile banking services, without the need for smartphones or internet.

(a) State Bank of India

(b) HDFC Bank

(c) ICICI Bank

(d) Yes Bank

(e) Bank of Baroda

 

99). Which company has launched a prepaid mobile wallet "MobiCash" in association with the State bank of India?

(a) TCS

(b) BSNL

(c) MTNL

(d) OIC

(e) RIL

 

100). South Indian Bank has introduced a full-fledged NRI-focused mobile banking application called SIB Mirror+ across major mobile platforms. South Indian Bank based in-

(a) Thrissur , Kerela

(b) Hyderabad, Andhra Pradesh

(c) Jaipur, Rajasthan

(d) Chennai, Tamil nadu

(e) Mumbai, Maharashtra

Banking Awareness Question Set - 17

Banking Awareness Question Set - 17

1431   11-Apr-2018, Wed

 

 

 

 

1. The Government has announced which Project on the lines of Operation Flood to realise agriculture potential of the country?
(a) Operation Agriculture
(b) Operation Earth
(c) Operation Water

(d) Operation Green
(e) Operation Farmer


 

2. The government in budget session has promised an Agri market infrastructure fund with a corpus of what amount?
(a) Rs 2,000 crore
(b) Rs 5,000 crore
(c) Rs 16,000 crore
(d) Rs 20,000 crore
(e) Rs 32,000 crore


 

3. FM has announced setting up a FAIDF for fisheries sector and an AHIDF for financing infrastructure requirement of animal husbandry sector with a total corpus of ______________ for the two new funds.
(a) Rs 30,000 crore
(b) Rs 20,000 crore

(c) Rs 10,000 crore
(d) Rs 40,000 crore
(e) Rs 60,000 crore

 

4. As announced in the budget session 2018-19, what is the worth of the Indian Economy?
(a) 3.5 trillion
(b) 4.5 trillion
(c) 5.5 trillion
(d) 1.5 trillion

(e) 2.5 trillion

5. NAM is envisaged as a pan-India electronic trading portal which seeks to network the existing APMC and other market yards to create a unified national market for agricultural commodities. NAM stands for-
(a) National Agriculture Management

(b) National Agriculture Market
(c) National Agriculture Money
(d) National Agency Market
(e) Non Agriculture Market


 

6. Economic Survey sees average crude oil prices rising __________ in FY 2019.
(a) 30%
(b) 24%
(c) 42%

(d) 12%
(e) 54%

 

7. How much GVA growth has been seen in FY18?
(a) 6.9 per cent
(b) 6.7 per cent
(c) 6.5 per cent
(d) 6.3 per cent

(e) 6.1 per cent

 

 

8. GST data shows growth of ________ in the number of indirect taxpayers.
(a) 30%
(b) 40%

(c) 50%
(d) 60%
(e) 20%

 

9. Average Financial Year 2017-18 CPI inflation seen at-
(a) 3.3 per cent

(b) 3.7 per cent
(c) 3.9 per cent
(d) 3.5 per cent
(e) 3.1 per cent

10. In Union Budget 2018-19, the Government has made a commitment to the welfare of farmers and doubling farmers income by which year?
(a) 2024
(b) 2020

(c) 2022
(d) 2028
(e) 2026

 

11. FM Arun Jaitley stated the volume of institutional credit for agriculture sector from year-to-year increased from Rs.8.5 lakh crore in 2014-15 to Rs.10 lakh crore in 2017-18 and he proposed to raise this to ___________ crore for the year 2018-19.
(a) Rs. 11 lakh crore
(b) Rs. 13 lakh crore
(c) Rs. 15 lakh crore
(d) Rs. 17 lakh crore
(e) Rs. 18 lakh crore

 

12. How much amount has been allocated for Ministry of Food Processing in Union Budget 2018-19?
(a) Rs.2600 crore
(b) Rs.2100 crore
(c) Rs.1000 crore
(d) Rs.1700 crore

(e) Rs.1400 crore

13. The Finance Minister stated that estimated budgetary expenditure on health, education and social protection for 2018-19 is ___________ against estimated expenditure of Rs.1.22 lakh crore in 2017-18.
(a) Rs.1.52 lakh crore

(b) Rs.1.38 lakh crore
(c) Rs.1.27 lakh crore
(d) Rs.1.63 lakh crore
(e) Rs.1.85 lakh crore

 

14. The Budget has proposed an outlay of how much crore for the textile sector in 2018-19?
(a) Rs. 6000 crore
(b) Rs. 12320 crore
(c) Rs. 9100 crore

(d) Rs. 7148 crore
(e) Rs. 4203 crore

 

15. Moody's Investors Service estimated that India will grow ___________ in the calendar year 2018 and _________ in 2019, amid signs of economic recovery from the impact of demonetisation and GST.

(a) 7.2% and 7.3%

(b) 7.4% and 7.5%

(c) 7.7% and 7.9%

(d) 7.6% and 7.8%

(e) 7.6% and 7.5%

 

16. Ministry of Tourism has estimates monthly FEEs through Tourism in India. FEEs stand for-

(a) Financial Exchange Earnings

(b) Foreign Exchange Earning

(c) Foreign Exchange Exchange

(d) Foreign Exchange Earnings

(e) Foreign Electronic Earnings

 

17. The growth rate in FEEs in rupee terms in January 2018 over January 2017 was ___________ compared to the growth of 18.0% in January 2017 over January 2016.

(a) 9.3%

(b) 9.7%

(c) 9.9%

(d) 9.1%

(e) 9.5%

 

18. According to CSO, the Indian economy grew at a five-quarter high of ____________ in the October-December (2017) period reflecting overall recovery due to good show by agriculture, manufacturing, construction and certain services.

(a) 7.6%

(b) 7.2%

(c) 7.7%

(d) 7.9%

(e) 7.1%

 

19. Name the Indian Bank, which is set for a major restructuring of its business in the United Kingdom from April 2018?

(a) State Bank of India

(b) Punjab National Bank

(c) United Bank of India

(d) Bank of Baroda

(e) Indian Bank

 

20. RBI has raised the exposure limit under ETCD trading for residents and FPIs to USD _________ million across all currency pairs involving the Indian rupee.

(a) USD 1000 million

(b) USD 10 million

(c) USD 50 million

(d) USD 100 million

(e) USD 500 million

 

21. Name the Bank, which has announced a new partnership to offer CSB’s customers online trading and demat services with Celebrus Capital Limited?

(a) Bandhan Bank

(b) Catholic Syrian Bank Ltd

(c) Dhanlaxmi Bank

(d) Federal Bank

(e) City Union Bank

 

22. What is the meaning of "C" in ETCD?

(a) Convertible

(b) Company

(c) Cashless

(d) Core

(e) Currency

 

23. Catholic Syrian Bank Ltd is based in-

(a) Kerala

(b) Tamil Nadu

(c) Karnataka

(d) Andhra Pradesh

(e) Telangana

 

24. FPIs stands for-

(a) Foreign Product Investors

(b) Foreign Portfolio International

(c) Foreign Portfolio Investors

(d) Financial Portfolio Investors

(e) Foreign Portfolio Indian

 

25. The government has made providing passport details mandatory for taking loans of 50 crore rupees and above to ensure a SWIFT action in case of fraud and prevent fraudsters from fleeing the country. Where is the Headquarters of SWIFT?

(a) Vienna, Austria

(b) La Hulpe, Belgium

(c) New York, USA

(d) Paris, France

(e) Geneva, Switzerland

 

26. The government has made providing passport details mandatory for taking loans of 50 crore rupees and above. All existing loans of over 50 crore rupees, banks have been asked to collect passport details of borrowers within _______ days.

(a) 100 days

(b) 30 days

(c) 90 days

(d) 60 days

(e) 45 days

 

27. Financial services platform Paytm has announced that its wholly-owned subsidiary, Paytm Money, has received approval of market regulator ___________ to become a registered investment advisor.

(a) SEBI

(b) NABARD

(c) FICCI

(d) NHB

(e) RBI

 

 

28. _______________ is entrusted with the responsibility of regulation of commercial banks under the regulatory provisions contained in the Banking Regulation Act, 1949 and RBI Act, 1934 besides enunciation of banking policies.

(a) NBFC

(b) SEBI

(c) BCSBI

(d) DBOD

(e) IBBI

 

 

29. The FSB was established in ____________ as the successor to the Financial Stability Forum (FSF).

(a) April 2009

(b) April 2011

(c) April 2007

(d) April 2013

(e) April 2005

 

30. What is the meaning of "B" in FSB?

(a) Basel

(b) Bureau

(c) Banking

(d) Base

(e) Board

 

31. What is the full form of DBOD in Banking and Financial terms?

(a) Derivative of Banking Operations & Development

(b) Department of Bureau Operations & Development

(c) Department of Banking Operations & Development

(d) Department of Banking Organizations & Development

(e) Department of Board Operations & Development

 

32. In which among the following city, The FSF was first convened-?

(a) New Delhi

(b) Washington

(c) New York

(d) Paris

(e) Geneva

 

33. The Financial Stability Forum was a group consisting of major national financial authorities such as finance ministries, central bankers, and international financial bodies. Where is the headquarters of Financial Stability Forum?

(a) Beijing

(b) Vienna

(c) New York

(d) Paris

(e) Basel

 

 

34. What is the full form of NOFHC in Banking and Financial terms?

(a) Non-Operative Financial Holding Common

(b) Non-Operative Financial Holding Co-operative

(c) Non-Operative Financial Holding Corporation

(d) Non-Operative Financial Holding Company

(e) National Operator Financial Holding Company

 

35. What is the meaning of "C" in SEAC?

(a) Corporation

(b) Commission

(c) Committee

(d) Co-Ordinator

(e) Common

 

36. LTV ratio is a financial term used by lenders to express the ratio of a loan to the value of an asset purchased. What is the meaning of "V" in LTV?

(a) Voucher

(b) Value

(c) Vendor

(d) Vehicles

(e) Vacuum

 

37. _____________ is a system set up, operated and maintained by the Reserve Bank of India (hereinafter referred to as the 'Bank') to enable operations on current accounts maintained at various offices of the Bank, through standard message formats in a secure manner.

(a) SFMS

(b) CFMS

(c) SWIFT

(d) IDRBT

(e) EFT

 

38. What is the full form of CFMS?

(a) Centralised Funds Management System

(b) Centralised Forex Management System

(c) Centrally Fund Managing System

(d) Common Funded Management System

(e) Corporate Funded Managerial System

 

39. _____________ is a unique institution exclusively focused on Banking Technology.

(a) BCSBI

(b) SWIFT

(c) IBBI

(d) IDRBT

(e) EFT

 

40. _________ is a secure messaging standard developed to serve as a platform for intra-bank and inter-bank applications.

(a) SFMS

(b) CFMS

(c) SWIFT

(d) IDRBT

(e) EFT

 

41. What is the meaning of "C" in CFMS?

(a) Centralised

(b) Corporation

(c) Credit

(d) Commonly

(e) Cash

 

42. _______________ is an open-ended Equity Mutual Fund that doesn't just help you save tax, but also gives you an opportunity to grow your money. It qualifies for tax exemptions under section (u/s) 80C of the Indian Income Tax Act.

(a) CRR

(b) RTGS

(c) EFT

(d) LTV

(e) ELSS

 

43. What is the full form of IDRBT in Banking and Financial terms?

(a) Institute for Department and Research in Banking Technology

(b) Institute for Development and Research in Banking Technology

(c) Institute for Development and Research in Bureau Technology

(d) Institute for Development and Research in Board Technology

(e) Institute for Development and Reconstruction in Banking Technology

 

44. Name the organisation, which an umbrella organisation for operating retail payments and settlement systems in India, is an initiative of Reserve Bank of India (RBI) and Indian Banks’ Association (IBA).

(a) SBI

(b) FATF

(c) SEBI

(d) NPCI

(e) NACH

 

45. The NCMC is a contactless smart card. NCMC stands for-

(a) National Common Mobility Commission

(b) National Common Mobility Card

(c) National Common Mobility Committee

(d) National Common Mobility Corporation

(e) National Common Mobility Credit

 

46. NPCI has been incorporated as a _______________ Company under the provisions of Section 25 of Companies Act 1956 (now Section 8 of Companies Act 2013).

(a) Not for Credit

(b) Not for Banking

(c) Not for Marketing

(d) Not for Loss

(e) Not for Profit

 

47. What is the meaning of "P" in NPCI?

(a) Payee

(b) Products

(c) Payments

(d) Pending’s

(e) Profits

 

48. NHAI has mandated implementation of the NETC program for all national highways. NETC stands for-

(a) National Electronic Toll Collection

(b) National Electronic Toll Connector

(c) National Electronic Timing Collection

(d) National Electronic Transport Collection

(e) National Electronic Toll Core

 

49. NPCI, an organization for operating retail payments and settlement systems, is an initiative of Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) under the provisions of-

(a) Securities and Exchange Board of India Act, 1992

(b) Payment and Settlement Systems Act, 2007

(c) Securities Laws (Amendment) Act, 1996

(d) Reserve Bank of India Act, 1934

(c) Banking Regulations Act, 1949

 

50. What are the advantages of RuPay Card?

(a) Lower cost and affordability

(b) Customized product offering

(c) Protection of information related to Indian consumers

(d) Inter-operability between payment channels and products

(e) All of the above

 

51. Which of the following is not a Features and Benefits of RuPay Card?

(a) Earn Cashback time after time

(b) 24X7 Concierge Services

(c) Complimentary Lounge Access Program– Domestic & International

(d) Not any Comprehensive Insurance Cover

(e) Exclusive Merchant Offers

 

52. _____________ developed RuPay Contactless specifications are open standards, interoperable and scalable and can be adopted by all card schemes.

(a) RBI

(b) NPCI

(c) SBI

(d) NABARD

(e) SEBI

 

53. ___________ is an app that lets you make simple, easy and quick payment transactions using UPI.

(a) BHIM

(b) YONO

(c) ISDN

(d) Best Credit

(e) WBBP

 

54. Which of the following is not a feature of BHIM app?

(a) Send Money

(b) Split Bill

(c) Scan & Pay

(d) Payment Reminders

(e) Only One Language

 

55. What is the meaning of "I" in BHIM app?

(a) International

(b) Immediate

(c) Interface

(d) Indian

(e) Important

 

56. __________ is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood.

(a) UPI

(b) BHIM

(c) AEPS

(d) NFS

(e) YONO

 

57. Where is the registered office of NPCI?

(a) Chennai

(b) Hyderabad

(c) Bengaluru

(d) Mumbai

(e) New Delhi

 

58. What is the full form of "UPI"?

(a) Unified Products Interface

(b) Unified Payments Interface

(c) Unified Payments International

(d) Unique Payments Interface

(e) Unified Promotions Interface

 

59. FM has announced increase of budgetary allocation on infrastructure for 2018-19 to ______________ against estimated expenditure of Rs.4.94 lakh crore in 2017-18.

(a) Rs. 5.97 lakh crore

(b) Rs. 8.42 lakh crore

(c) Rs. 9.38 lakh crore

(d) Rs. 10.15 lakh crore

(e) Rs. 17.22 lakh crore

 

60. How much amount has been pegged of the Railways Capital Expenditure for the year 2018-19?

(a) Rs. 2,57,123 crore

(b) Rs. 1,48,528 crore

(c) Rs. 4,62,231 crore

(d) Rs. 6,72,732 crore

(e) Rs. 8,32,645 crore

 

61. Under the Regional connectivity scheme of UDAN initiated by the Government last year, 56 unserved airports and 31 unserved helipads would be connected. UDAN stands for-

(a) Utho Desh ka Aam Nagrik

(b) Ude Dono ka Aam Nagrik

(c) Ude Desh ka Aam Nagrik

(d) Ude Desh ka Aam Nation

(e) Ude Desh ka Agency Nagrik

 

62. The Budget 2018-19 has proposed to expand the airport capacity more than five times to handle a billion trips a year under a new initiative. What is the name of that initiative?

(a) NABH Nirman

(b) NATION Nirman

(c) NAVAL Nirman

(d) NAYA Nirman

(e) NOTA Nirman

 

63. Government will establish a unified authority for regulating all financial services in IFSCs in India. What is the meaning of "S" in IFSCs?

(a) Selling

(b) Solutions

(c) Scheme

(d) System

(e) Service

 

64. By how much Industries Growth has been seen at (in Economic Survey 2017-18)-

(a) 4.4 per cent

(b) 4.1 per cent

(c) 4.6 per cent

(d) 4.9 per cent

(e) 4.2 per cent

 

65. What is the meaning of GVA?

(a) Gross Van Added

(b) Gross Value Added

(c) General Value Added

(d) Gross Value Agency

(e) Gross Value Adjust

 

66. It was pointed out that the ROSL has increased exports of readymade garments (man-made fibers) by about 16 per cent but not of others. What is the meaning of "L" in ROSL?

(a) Least

(b) Level

(c) Levies

(d) Labour

(e) Lease

 

67. According to Economic Survey 2017-18, which states has the greatest number of GST registrants?

(a) Maharashtra, Madhya Pradesh, Tamil Nadu and Gujarat

(b) Telangana, Uttar Pradesh, Tamil Nadu and Gujarat

(c) Maharashtra, Uttar Pradesh, West Bengal and Gujarat

(d) Maharashtra, Uttar Pradesh, Tamil Nadu and Gujarat

(e) Maharashtra, Uttar Pradesh, Tamil Nadu and Haryana

 

68. India‘s internal trade in goods and services (excludes non-GST goods and services) is actually even higher and is about ____________ of GDP.

(a) 20%

(b) 30%

(c) 40%

(d) 50%

(e) 60%

 

69. What is the name of the free LPG connection scheme expanded to eight crore households, as announced in the Budget Session?

(a) Roshani Mission

(b) PMGKY

(c) Ujjwala Yojana

(d) APY

(e) Smoke Exit

 

70. According to the government, how many toilets are targeted to be build under Swacch Bharat Scheme in the next fiscal 2018-19?

(a) 2 crore

(b) 5 crore

(c) 8 crore

(d) 11 crore

(e) 20 crore

 

71. Name the scheme that government is proposing to launch for solid waste management in the Union Budget 2018-19?

(a) GOBAR-NASH

(b) GOBAR-OUT

(c) GOBAR-VINASH

(d) GOBAR-BOND

(e) GOBAR-DHAN

 

72. How much amount has been allocated for the National Livelihood Mission in Union Budget 2018-19?

(a) Rs 11,300 crore

(b) Rs 5,750 crore

(c) Rs 3,000 crore

(d) Rs 10,000 crore

(e) Rs 17,100 crore

 

73. The government has allocated _________________ crore to health and family welfare in the Union Budget 2018-19, an 11.5 per cent rise over the Rs 47,353 crore allocated last fiscal.

(a)Rs 52,800 crore

(b) Rs 37,400 crore

(c) Rs 43,600 crore

(d) Rs 28,800 crore

(e) Rs 17,100 crore

 

74. The full form of (ROSL)?

(a) Rebate of State Levies

(b) Rebate of State Level

(c) Resale of State Levies

(d) Rebuild of State Labour

(e) Restrict of State Lease

 

75. The full form of (IFSC)?

(a) Indian Fixed Service Scheme

(b) International Finance Service Centre

(c) Indian Financial System Centre

(d) International Finance Solution Centre

(e) Indian Fixed Solution Centre

 

76. Securities Appellate Tribunal is a/an __________ established under the provisions of Section 15K of the Securities and Exchange Board of India Act, 1992

(a) Constitutional body

(b) Advisory body

(c) non-statutory body

(d) Statutory body

(e) None of the given options is true

 

77. Which of the following is a function of SEBI?

(a) to approve by-laws of stock exchanges.

(b) inspect the books of accounts of financial intermediaries.

(c) to require the stock exchange to amend their by-laws.

(d) compel certain companies to list their shares in one or more stock exchanges.

(e) All of the Above

 

78. Which of the following services is NOT provided by the post offices in India?

(a) Savings Bank Scheme

(b) Retailing of Mutual Funds

(c) Sale of stamp Papers (Judicial)

(d) Life Insurance cover

(e) Issuance of Demand Drafts

 

79. Credit rating is _______

(a) is used to rate the borrowers while giving advances

(b) is used to work out performance of the employees

(c) is used to calculate the number of excellent audit rated branches

(d) is not used in any bank

(e) is necessary before giving promotion to employees

 

 

80. Currency swap is an instrument to manage _______

(a) Interest Rate Risk

(b) Currency Risk

(c) Cash flows in different countries

(d) All of the Above

(e) None of the given options is true

 

81. The Aadhaar-Enabled Payment Systems (AEPS) is a bank led model that facilitates banking facilities by allowing transactions at Point of Sale through the Business Correspondent (BC) using the Aadhaar authentication number. Aadhaar enabled basic types of banking do not include-

(a) Balance Enquiry

(b) Cash Withdrawal

(c) Online Payment

(d) Cash Deposit

(e) Aadhaar to Aadhaar funds transfer

 

 

82. Bank Holidays are covered by which of the following?

(a) As per the order of the GOI

(b) As per the order of the IBA

(c) Negotiable Instruments Act

(d) RBI Act

(e) Banking Regulation Act 1949

 

83. The foreign shareholding in the small finance bank would be as per the FDI policy for _______________ as amended from time to time.

(a) Private Sector Banks

(b) Public Sector Banks

(c) Foreign Sector Banks

(d) Regional Rural Banks

(e) All of the above

 

84. The promoter's minimum initial contribution to the paid-up equity capital of such small finance bank shall at least be ---------?

(a) 50 per cent

(b) 40 per cent

(c) 60 per cent

(d) 30 per cent

(e) 20 per cent

 

85. Small Finance Banks will be required to extend ________ of its ANBC to the sectors eligible for classification as priority sector lending (PSL) by the Reserve Bank.

(a) 55%

(b) 35%

(c) 75%

(d) 50%

(e) 10%

 

86. The small finance bank will be subject to all prudential norms and regulations of RBI as applicable to existing commercial banks including requirement of maintenance of CRR and SLR. What is the present rate of SLR?

(a) 20.75 per cent

(b) 19.75 per cent

(c) 20.25 per cent

(d) 19.50 per cent

(e) 21.25 per cent

 

 

87. FDI is an investment made by a company or individual in one country in business interests in another country. FDI stands for-

(a) Foreign Direct Industries

(b) Fully Direct Investment

(c) Foreign Department Investment

(d) Foreign Direct Installment

(e) Foreign Direct Investment

 

88. FICCI is the largest and oldest apex business organization in India. In which year FICCI was established?

(a) 1967

(b) 1957

(c) 1947

(d) 1927

(e) 1937

 

89. FICCI is the voice of India's business and industry. FICCI stands for-

(a) Federation of Indian Chambers of Commerce and Industry

(b) Federation of Indian Chambers of Commerce and Institutions

(c) Federation of Indian Company of Commerce and Industry

(d) Federation of International Chambers of Commerce and Industry

(e) Foundation of Indian Chambers of Commerce and Industry

 

90. SIDBI is the principal development financial institution in India. In which year SIDBI was established?

(a) 1982

(b) 1990

(c) 1988

(d) 1992

(e) 1999

 

91. What is the meaning of "D" in SIDBI?

(a) Distance

(b) Derivatives

(c) District

(d) Department

(e) Development

 

92. Who is the present Chairman of FICCI?

(a) Sangita Reddy

(b) Pankaj R Patel

(c) Rashesh Shah

(d) Sandip Somany

(e) Uday Kotak

 

93. Where is the head office of FICCI?

(a) Guwahati

(b) Kolkata

(c) Chennai

(d) Mumbai

(e) New Delhi

 

94. Who is Chairman & Managing Director of SIDBI?

(a) Ajay Tyagi

(b) HK Bhanbhanwala

(c) Hamid Ansari

(d) Mohammad Mustafa

(e) TS Vijayan

 

95. Where is the head office of SIDBI?

(a) Shimla

(b) Guwahati

(c) Lucknow

(d) Patna

(e) Chandigarh

 

96. TRAI is the regulator of the telecommunications sector in India. In which year TRAI was established?

(a) 1999

(b) 1997

(c) 1998

(d) 1996

(e) 1995

 

97. In which year IRDA was incorporated as a statutory body?

(a) 2000

(b) 1999

(c) 2001

(d) 1998

(e) 2002

 

98. The mission of TRAI is to create and nurture conditions for growth of telecommunications in the country in a manner and at a pace which will enable India to play a leading role in emerging global information society. TRAI stands for-

(a) Telecom Regulatory Assembly of India

(b) Telecom Regulatory Agency of India

(c) Telecom Regulatory Authority of India

(d) Telecom Regulatory Association of India

(e) Telecast Regulatory Authority of India

 

99. What is the full form of IRDA?

(a) Insurance Regulatory and Development Authority

(b) Insurance Regulatory and Development Association

(c) Insurance Regulatory and Development Assembly

(d) Insurance Regulatory and Department Authority

(e) Indian Regulatory and Development Authority

 

100. Who is present Chairman of IRDA?

(a) Ajay Tyagi

(b) TS Vijayan

(c) H Pradeep Rao

(d) Anil Kaushal

(e) RS Sharma

 

Banking Awareness Question Set - 16

Banking Awareness Question Set - 16

1579   04-Apr-2018, Wed

1). The Reserve Bank of India will link the base rate with the MCLR from 1st of April 2018 to ensure expeditious transmission of its policy rate to borrowers. What is the meaning of "R" in MCLR?

(a) Ratio

(b) Rates

(c) Risk

(d) Reserve

(e) Reimburse

 

2). The Reserve Bank of India announced setting up ombudsman for addressing customer grievances in the non-banking finance companies. The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from-

(a) 1991

(b) 1990

(c) 1995

(d) 1996

(e) 1999

 

3). Which Bank has launched its new Sonic Identity, which is essentially a musical logo called 'MOGO', as part of its branding initiatives?

(a) IndusInd Bank

(b) Lakshmi Vilas Bank

(c) RBL Bank

(d) Karnataka Bank

(e) Karur Vysya Bank

 

4). As announced in the budget session 2018, what is the worth of the Indian Economy?

(a) 3.5 trillion

(b) 4.5 trillion

(c) 5.3 trillion

(d) 1.5 trillion

(e) 2.5 trillion

 

5). By how much Industries Growth has been seen at (in Economic Survey 2017-18) -

(a) 4.4 per cent

(b) 4.1 per cent

(c) 4.6 per cent

(d) 4.9 per cent

(e) 4.3 per cent

 

6). What is the meaning of GVA?

(a) Gross Van Added

(b) Gross Value Added

(c) General Value Added

(d) Gross Value Agency

(e) Gross Value Adjust

7). It was pointed out that the ROSL has increased exports of readymade garments (man-made fibers) by about 16 per cent but not of others. What is the meaning of "L" in ROSL?

(a) Least

(b) Level

(c) Levies

(d) Labour

(e) Lease

 

8). Where is the Head Office of AU Small Finance Bank?

(a) Secunderabad

(b) Fatehpur

(c) Kanpur

(d) Nagpur

(e) Jaipur

 

9). Name the country, which was the largest source of foreign investment in India (21.8 per cent share at market value), followed by the US and the UK, according to a census by the Reserve Bank of India.

(a) UK

(b) China

(c) US

(d) Mauritius

(e) Singapore

 

10). In the field of banking, what does ADF stand for?

(a) Additional Dearness Allowance

(b) Automated Data Flow

(c) Additional Deposit Allowance

(d) Automated Deposit Allowance

(e) None of the given options is true

 

11). Which of the following is governed by the provisions of Section 42 (1) of the Reserve Bank of India Act, 1934?

(a) Bank rate

(b) Reverse Repo Rate

(c) SLR

(d) CRR

(e) MSF

 

12). National Sample Survey Organisation (NSSO) is an organization under the-

(a) Ministry of Finance

(b) Ministry of Rural Development

(c) Ministry of Commerce and Industry

(d) Ministry of Electronics and Information Technology

(e) Ministry of Statistics and Programme Implementation

 

13). The Banking Codes and Standards Board of India (BCSBI) was registered as a society under the in February 2006.

(a) Companies Act, 1956

(b) Societies Registration Act, 1860

(c) Banking Regulation Act, 1949

(d) Reserve Bank of India Act, 1934

(e) None of these

 

14). The Financial Stability Board (FSB), an international body for the global financial system was established in the year?

(a) 2001

(b) 2009

(c) 2003

(d) 2015

(e) 1997

 

15). Part of company’s earning or profit which is paid out to share holders is known as

(a) Premium

(b) Dividend

(c) Bonus

(d) Sum Assured

(e) Return

 

16). Which of the following economic concepts is categorized on the basis of Current Account or Capital Account or both?

(a) Balance of Payments

(b) Value of the food grain stock of a country

(c) Gross National Product

(d) Gross National Income(GNI)

(e) Total collection of Direct Taxes in a year

 

17). When there is a difference between all receipts and expenditure of the Government of India both capital and revenue it is called-

(a) Revenue Deficit

(b) Budgetary Deficit

(c) Zero Budgeting

(d) Trade Gap

(e) Balance of Payment Problem

 

18). Sukanya Samriddhi Account can be opened up to age of years only from the date of birth.

(a) Five years

(b) Four years

(c) Nine years

(d) Eight years

(e) Ten years

 

19). NSDP stands for-

(a) National Summary District Page

(b) National Summary Development Page

(c) National Summary Department Page

(d) National Summary Division Page

(e) National Summary Data Page

 

20). Capital First announced that the regulator National Housing Bank (NHB) has approved the merger of the company along with Capital Home Finance and Capital First Securities Limited with-

(a) IDFC Bank

(b) HDFC Bank

(c) Axis Bank

(d) Kotak Mahindra Bank

(e) ICICI Bank

 

21) The Reserve Bank of India has launched Ombudsman Scheme for non-banking financial companies (NBFCs) for redressal of complaints against them. In which city, the offices of the NBFC ombudsmen will function?

(a) Mumbai

(b) Kolkata

(c) Chennai

(d) New Delhi

(e) All of the above

 

22). Aditya Birla Idea Payments Bank Ltd (ABIPBL) started operations, making it the ________ payments bank to roll out operations.

(a) sixth

(b) fifth

(c) third

(d) fourth

(e) seventh

 

23). Ministry of Tourism estimates monthly FEEs through Tourism in India, both in Rupee and Dollar terms based on the credit data of Travel Head from Balance of Payments of RBI. FEEs stands for-

(a) Financial Exchange Earnings

(b) Foreign Essential Earnings

(c) Funded Exchange Earnings

(d) Foreign Exchange Electronic

(e) Foreign Exchange Earnings

 

24). State Bank of India (SBI) is set for a major restructuring of its business in ______ from April 2018.

(a) France

(b) China

(c) UK

(d) Canada

(e) USA

 

25). What is the meaning of "D" in ETCD?

(a) District

(b) Distance

(c) Development

(d) Derivatives

(e) Department

 


26). Catholic Syrian Bank Ltd (CSB) and Celebrus Capital Ltd (CCL) have announced a new partnership to offer CSB’s customers online trading and demat services. Catholic Syrian Bank is based in-

(a) Hyderabad

(b) Coimbatore

(c) Amravati

(d) Thrissur

(e) Chandigarh

 

27). PSL stands for-

(a) Private Sector Lending

(b) Priority Sector Lending

(c) Priority Service Lending

(d) Priority Securities Lending

(e) Priority Sector Loan

 

28). The FRDI Bill is part of a larger, more comprehensive approach by the Centre towards systematic resolution of all financial firms. FRDI stands for-

(a) Financial Resolution and Deposit India

(b) Financial Resolution and Deposit International

(c) Financial Resolution and Deposit Initial

(d) Financial Resolution and Deposit Increase

(e) Financial Resolution and Deposit Insurance

 

29). What is the meaning of "I" in LEI?

(a) Insurer

(b) Indian

(c) Identifier

(d) Increase

(e) International

 

30). LEI India Limited is Wholly Owned Subsidiary of-

(a) Clearing Corporation of India Limited

(b) Bharatiya Reserve Bank Note Mudran Private Limited

(c) Small Industries Development Bank of India

(d) Securities and Exchange Board of India

(e) Reserve Bank of India

 

31). APB is a repository of Aadhaar number of residents and their primary bank account number used for receiving all social security and entitlement payments from various government agencies. What is the meaning of "B" in APB?

(a) Base

(b) Bridge

(c) Bond

(d) Banking

(e) Basel

 

32). NCLT is a quasi-judicial body in India that adjudicates issues relating to companies in India. NCLT stands for-

(a) National Common Law Tribunal

(b) National Company Law Trend

(c) National Company Law Tribunal

(d) National Company Law Transaction

(e) National Company Law Treaty

 


33). CERSAI is a central online security interest registry of India. What is the meaning of "A" in CERSAI?

(a) Asset

(b) Agency

(c) Association

(d) Aboard

(e) Annually

 

34). MIBOR is one iteration of an interbank rate, which is the rate of interest charged by a bank on a short-term loan to another bank. What is the meaning of "M" in MIBOR?

(a) Management Inter-Bank Offer Reconstruction

(b) Mumbai Inter-Bank Offer Random

(c) Mumbai Inter-Bank Offer Reconstruction

(d) Mumbai Inter-Bank Offer Ratio

(e) Mumbai Inter-Bank Offer Rate

 

35). Where is the headquarters of Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI)-

(a) New delhi

(b) Mumbai

(c) Jaipur

(d) Raipur

(e) Bengaluru

 

36). YONO app is a digital banking app launched by the State Bank of India. YONO stands for-

(a) You Only Name One

(b) You Only Need original

(c) You Only Need Oriented

(d) You Only Need One

(e) You Only National One

 

37). CBLO is a money market instrument that represents an obligation between a borrower and a lender as to the terms and conditions of a loan. What is the meaning of "B" in CBLO?

(a) Borrowing

(b) Balance

(c) Banking

(d) Basel

(e) Bond

 

38). MDR is a fee charged from a merchant by a bank for accepting payments from customers through credit and debit cards in their establishments. MDR stands for-

(a) Merchant Discount Ratio

(b) Merchant Discount Rate

(c) Merchant Discount Rating

(d) Merchant Development Rate

(e) Money Discount Rate

 

39). Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) is a Government of India Company licensed under section 8 of the-

(a) Securities Laws (Amendment) Act, 1996

(b) Banking Regulation Act, 1949

(c) Companies Act, 2013

(d) Reserve Bank of India Act, 1934

(e) Securities and Exchange Board of India Act, 1992

 

40). Which among the following is not a shareholder of “CERSAI”?

(a) Central Government

(b) National Housing Bank

(c) Select public sector Banks

(d) RBI

(e) None of these

 

41). The Legal Entity Identifier (LEI) is a _________ alpha-numeric code based on the ISO 17442 standard developed by the International Organization for Standardization (ISO).

(a) 20 digits

(b) 18 digits

(c) 22 digits

(d) 16 digits

(e) 11 digits

 

42). In which of the following year, Clearing Corporation of India Limited (CCIL) was set up?

(a) 2003

(b) 2001

(c) 1999

(d) 2005

(e) 2008

 

43). The Clearing Corporation of India Limited (CCIL) was set up to provide guaranteed clearing and settlement functions for-

(a) Derivative markets

(b) Foreign Exchange

(c) G-Secs

(d) transactions in Money

(e) All of the above

 

44). The Central Government has constituted National Company Law Tribunal (NCLT) under section ___________ of the Companies Act, 2013.

(a) section 8

(b) section 502

(c) section 102

(d) section 408

(e) section 203

 

45). In which year National Company Law Tribunal (NCLT) was set up-

(a) 2016

(b) 2013

(c) 2014

(d) 2015

(e) 2011

 

46). The NCLAT was constituted under Section 410 of the Companies Act, 2013. What is the meaning of "A" in NCALT?

(a) Agreement

(b) Association

(c) Appellate

(d) Agency

(e) Authority

 

47). Serious Fraud Investigation Office (SFIO) has been established and it has started functioning since-

(a) 1st October 2001

(b) 1st October 2004

(c) 1st October 2007

(d) 1st October 2003

(e) 1st October 2015

 

48). What is the market structure called that is characterized by a single seller, selling a unique product in the market?
(a) Oligopoly
(b) Libor

(c) Monopoly
(d) Normation

(e) Offshore

 

49). Security Printing and Minting Corporation of India Limited (SPMCIL) was incorporated under which of the following acts?
(a) Banking Regulation Act, 1949
(b) Reserve Bank of India Act, 1934

(c) Companies Act, 1956
(d) Payment and Settlement Systems Act, 2007

(e) Securities and Exchange Board of India Act, 1992

 

50). __________ short term instrument, have the generic character of T-bills but are issued for

maturities less than 91 days.

(a) Dated Government Securities

(b) State Development Loans (SDL)

(c) Cash Management Bills (CMBs)

(d) All of the Above

(e) None of these

 

51). Certificate of deposit can be subscribed by

(a) individuals

(b) corporate companies

(c) Trusts, funds, association etc.

(d) (a) and (b)

(e) (a) to (c)

 

52). __________ refers borrowers ability to meet immediate liabilities.

(a) Current Ratio

(b)Ratio

(c) Acid-Test Ratio

(d) All of the above

(e) None of the Above

 

53). A government security is generally issued in the form of

(a) Stock certificates

(b) Bearer bonds

(c) Promissory notes

(d) all of these

(e) none

 

54). An Asset Reconstruction Company(ARC) in India is associated with __________

(a) UCPDC

(b) DICGC

(c) NPA

(d) All of the above

(e) None of the Above

 

55). Who are the major players in the call money markets?

(a) Banks

(b) Insurance companies

(c) Development Financial Institutions

(d) Selected Mutual Funds

(e) All of the above

 

56). ___________ is a voluntary market body for the bond, money and derivatives markets.

(a) RBI

(b) SEBI

(c) IRDAI

(d) FIMMDA

(e) None of the above

 

57). The process of the total valuation of the financial capital assets of a country is technically known as?

(a) Market Capitalization

(b) Gross Domestic Product

(c) Net wealth of the country

(d) Gross Domestic Resources

(e) None of these

 

58). CICs are permitted to invest Liquid Fund Schemes (Mutual Funds) with maturity of less than ___ days.

(a) 51

(b) 71

(c) 61

(d) 91

(e) 81

 

59). Which of the following is NOT the part of the organized sector in Indian Money Market?

(a) Mutual Funds

(b) Non-Banking Financial Companies

(c) Unit Trust of India

(d) Chit funds

(e) None of these

 

60). Systematically Important Core Investment Company(CIC-ND-SI)/ CICs cannot accept

(a) Public Fund

(b) Deposit

(c) Public Deposit

(d) Both (B) and (C)

(e) None of these

 

61). Resources of Land Development Banks operating in the country are raised by

(a) share capital from members which is linked to their borrowings from the bank

(b) reserves created out of profits

(c) borrowings comprising of interim accommodation, deposits and debentures

(d) Only 3

(e) All of the above

 

62). Infrastructure Finance Company(IFC) has a minimum Net Owned Funds of _______

(a) 100 Crore

(b) 150 Crore

(c) 250 Crore

(d) 300 Crore

(e) 350 Crore

 

63). ICICI bank launched internet banking operations in

(a) 1998

(b) 1999

(c) 2000

(d) 2002

(e) None of These

 

64). 'BCSBI' Stands for :

(a) Banking Codes and Standards Boards of India

(b) Board Code for Standards in Branches

(c) Board Code for Standard in Banking

(d) None of the above

(e) Both (a) and (b)

 

65). How many types of PSLCs can be issued by the Banks?

(a) Four

(b) Five

(c) Six

(d) Eight

(e) Three

 

66). Kisan Credit Card can be used for financing?

(a) Production needs

(b) Consumption needs

(c) Both (a) and (b)

(d) None of the above

(e) cannot be determined

 

67). When the Reserve Bank of India (RBI) is the lender of last resort, what does it mean?

(a) RBI advances money to public whenever there is any emergency

(b) Commercial banks give fund to the RBI

(c) RBI advances necessary credit against eligible securities

(d) All of the above

(e) None of the above

 

68). Closed Economy is one in which :

(a) only export takes place

(b) money supply is fully controlled

(c) deficit financing takes place

(d) neither export nor import takes place

(e) None of these

 

69). The term moral suasion refers to

(a) The moral duty of a borrower to deal with only onebank

(b) The advice given by the Reserve Bank of India to banks/financial institutions in the matter of

their lending and other operations with the objective that they might implement or follow it

(c) The banker’s duty of secrecy as regards the affairs and accounts of his customers

(d) All of the above

(e) None of the above

 

70). The definition of the priority sector was first formalized in 1972 by?

(a) Planning Commission

(b) National Development Council

(c) Reserve Bank of India

(d) Ministry of Finance, Government of India

(e) None of these

 

71). The term capitalisation of reserves is used to denote?

(a) the use of reserves for the acquisition of additional capital

(b) the use of reserves for paying-off loans raised for building up fixed assets

(c) the use of reserves for issuing bonus shares to the existing shareholders

(d) the use of reserves for the replacement of depreciated assets

(e) None of these

 

72). ________ means the period for which the securities cannot be delivered.

(a) Fixed Time Period

(b) Shut Period

(c) Grace Period

(d) Payback Period

(e) None of these

 

73). Non Banking assets include:

(a) Property seized by the bank

(b) Auction sale of the customer's property

(c) Band Building

(d) Both A and B

(e) None of these

 

74). Multi-currency basket‖ means?

(a) a number of international currencies to which the value of SDRs is linked

(b) selected international currencies to which the value of Asian Monetary Unit is linked

(c) number of major international currencies to which the external value of the Indian rupee is linked

(d) the name given to a group of West European currencies.

(e) None of these

 

75). Which is India’s first and largest Asset Reconstruction Company?

(a) ARCIL

(b) PARAS

(c) Reliance ARC

(d) Both a) and b)

(e) None of the Above

 

76). The tertiary sector of economy is called as:

(a) Manufacturing Industry

(b) Service Industry

(c) Agro and Fishing Industry

(d) All of the above

(e) None of these

 

77). Which of the following is a leading electronic payment technology firm? (The logo of the firm can be seen printed on credit cards/ATM Centre’s etc.)

(a) Visa

(b) Max

(c) BSE

(d) Sensex

(e) SWAP

 

79). FDR is:

(a) Fix Date Rate

(b) Fixed Deposit Receipt

(c) Full Date Rate

(d) All of the above

(e) None of these

 

80). What is the full form of ECB?

(a) Extra Commercial Banking

(b) Extra Commercial Borrowings

(c) External Commercial Borrowings

(d) All of the above

(e) None of these

 

81). Account payee crossing is an direction of the drawer to?

(a) To collecting banker

(b) To drawee banker

(c) To payee

(d) To all endorsees

(e) None of these

 

82). Which of the following cannot be called as a Debt Instrument as referred in financial

transactions?

(a) Certificate of Deposits

(b) Bonds

(c) Stocks

(d) Commercial Papers

(e) None of these

 

83). Obtaining cash from an ATM is similar to:

(a) Writing a Cheque

(b) Open any Account

(c) Any banking transaction

(d) Both (a) and (b)

(e) None of These

 

84). Which of the following cannot be endorsed?

(a) A fixed deposit receipt

(b) A bank draft

(c) A Promissory note

(d) A usance bill of exchange

(e) None of these

 

85). What is a Green Index?

(a) It measures the nation’s wealth according to GNP per Capita

(b) It measures the nation’s wealth according to GDP per Capita

(c) It measures nation’s wealth according to provisions of control on greenhouse gases

(d) It measures the nation’s wealth in terms of coverage of forest area.

(e) none of these

 

86). A ______ endorsement includes the words "FOR DEPOSIT ONLY":

(a) Restrictive

(b) Predictive

(c) Conductive

(d) Both a) and c)

(e) None of These

 

87). In a company the use of price sensitive corporate information by the Company – people to make gains or cover losses is known as?

(a) insider trading

(b) future trading

(c) foreign trading

(d) stock trading

(e) None of these

 

88). India’s first indigenous payment gateway is

(a) India Payment

(b) India Pay

(c) India Rupee

(d) India Expenditure

(e) None of these

 

89). Which of the following organizations provides Buffer Stock Financing Facility?

(a) Reserve Bank of India

(b) Asian Development Bank

(c) International Monetary Fund

(d) World Bank

(e) Federal Reserve Bank

 

90). The relationship between RBI and the Bank maintaining the currency chest is that of?

(a) Creditor and Debtor

(b) Bailor and Bailee

(c) Principal and Agent

(d) Debtor and Creditor

(e) None of these

 

91). In India, forex rates are determined by

(a) Demand and supply forces

(b) Importers

(c) Ministry of commerce

(d) Exporters

(e) None of these

 

92). Which among the following committees suggested the concept of Universal Banking ?

(a) Raja Chelliah Committee

(b) SH Khan Committee

(c) Abid Hussain Committee

(d) LK Jha Committee

(e) None of them

 

93). An increase in CRR by RBI leads to

(a) Increase in deposit____________________

(b) Decrease in deposit

(c) Decrease in lendable resources

(d) Increase in lendable resources

(e) None of these

 

94). What is the term called for a market structure in which only a few sellers offer similar or identical products?
(a) Offshore
(b) Libor
(c) Monopoly

(d) Oligopoly

(e) Monopsony

 

95). What is the study of how households and firms make decisions and how they interact in markets called?
(a) Macroeconomics
(b) Welfare Economics

(c) Microeconomics
(d) Market Economy

(e) Free market Economics

 

96). What is the study of economy wide phenomena, including inflation, unemployment, and economic growth called?
(a) Macroeconomics
(b) Welfare Economics
(c) Microeconomics
(d) Market Economy

(e) Supply side economics

 

97). What is the term which refers to an economy where the government imposes few or no restrictions and regulations on buyers and sellers?
(a) Free-market Economy
(b) True-cost Economy
(c) Socialist Economy
(d) Command Economy

(e) Traditional Economy

 

98). What is the term which refers to a system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods are offered for sale?
(a) Free-market Economy
(b) True-cost Economy
(c) Socialist Economy

(d) Command Economy

(e) Constitutional Economy

 

99). What is the original economic system in which traditions, customs, and beliefs help shape the goods and the services the economy produces, as well as the rules and manner of their distribution called?
(a) Monetary Economy

(b) Constitutional Economy

(c) Traditional Economy

(d) Socialist Economy

(e) Market Economy

 

100). Micro Units Development & Refinance Agency Ltd. is registered as a company under which of the following acts?

(a) Companies Act, 2013

(b) Companies Act, 1956

(c) Banking Regulation Act, 1949

(d) Reserve Bank of India Act, 1934

(e) Payment and Settlement Systems Act, 2007

 

 

Banking Awareness Question Set - 15

Banking Awareness Question Set - 15

1825   03-Apr-2018, Tue

1). A collection of non-bank financial intermediaries that provide services similar to

traditional commercial banks is known as _________

a) Off-shore Banking

b) Investment Banking System

c) Shadow Banking System

d) Conventional Banking

e) Merchant

 

2). Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) was established by ________ as its wholly owned subsidiary-

a) NABARD

b) RBI

c) SBI
d) SEBI

e) PNB

 

3).The new Rs 50 denomination banknotes has a ___________ with Chariot on the back of the note-

a) Motif of Mangalyaan

b) Motif of Sanchi Stupa

c) Motif of Hampi

d) Motif of Red Fort

e) Motif of Himalaya Mountains

 

4). Where is the headquarters of Fincare Small Finance Bank?

a) New delhi

b) Bengaluru

c) Mumbai

d) Jaipur

e) Hyderabad

 

5). Sonali Bank Limited is a state-owned leading commercial bank in-

a) Nepal

b) Mumbai

c) Bhutan

d) Bangladesh

e) New delhi

 

6). Which Act was framed specially to deal with Non-Performing Assets(NPA)?

a) Banking Regulation Act 1949

b) Foreign Exchange Management Act(FEMA) 1999

c) Industrial Disputes Act 1947

d) SARFAESI Act, 2002

e) None of these

 

7). In Notice Money Market, the tenor of the transactions is from ________

a) 2-7 days

b) 2-14 days

c) 2-21 days

d) 2-28 days

e) 2-90 days

 

8). An Asset Reconstruction Company (ARC) in India is associated with-

a) UCPDC

b) DICGC

c) NPA

d) Home Loan

e) None of these

 

9). Which of the following is mainly used by the banks in order to meet their temporary requirement of Cash on a daily basis?

a) Commercial Paper

b) Certificate of Deposit

c) Collateralized Borrowing and Lending Obligations (CBLO)

d) Call Money

e) None of these

 

10). ________ is a voluntary market body for the bond, money and derivatives markets.

a) RBI

b) SEBI

c) IRDAI

d) FIMMDA

e) UIDAI

 

11).The Department of Posts, trading as India Post, is a government-operated postal system in India. The Department of Posts comes under-

a) Ministry of Commerce and Industry

b) Ministry of Finance Department of Revenue

c) Ministry of Finance & the Public Service

d) Ministry of Communications and Information Technology

e) Ministry of Home Affairs

 

12). The Postal Service Board is ________ of the Department of Posts.

a) apex management body

b) regulatory management body

c) financial management body

d) statutory authority

e) None of the these

 

13). How many members are comprises in the Postal Service Board?

a) four

b) three

c) five

d) two

e) six

 

14). For providing postal services, the whole country has been divided into _______ postal circles.

a) 21

b) 25

c) 23

d) 27

e) 29

 

15). IFS is software developed by UPU to coordinate international remittance services among the partner countries. At present the service is operational with La Poste Group, France and UAE. IFS stands for-

a) International Financial Scheme

b) Indian Financial System

c) International Fund System

d) International Financial System

e) International Financial Service

 

16). IFS Money Order service is India Post’s own service. What is the feature of IFS Money Order?

a) Remittances can be received at any of the 17,500 post offices on eMO network.

b) The Payee receives the full amount in Indian Rupees.

c) Maximum of 30 transactions per person per year.

d) Remittances up to INR 50,000 can be received in cash.

e) All of the above are features of IFS Money Order services

 

17). Department of Post's (DOP) MMT is a service that enables instant money transfer from one place to another place using mobile, through Indian post offices. What is the meaning of "T" in MMT?

a) Trust

b) Transfer

c) Timely

d) Transaction

e) Truncated

 

18). ______________ is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India by India Post.

a) EMO network

b) International Financial System

c) Money Transfer Service Scheme

d) National Electronic Funds Transfer

e) Society for Worldwide Interbank Financial Telecommunication

 

19). As a result of the collaboration of the Department of Posts, Government of India with the Western Union Financial Services, a state of the art International Money transfer Service is now available through the Post Offices in India, which enables instantaneous remittance of money from around ____________ countries and territories to India.

a) 195 countries

b) 415 countries

c) 115 countries

d) 135 countries

e) 295 countries

 

20). Banks are increasingly selling Insurance products mainly due to _____?

a) It helps in increase in deposits of a bank

b) It helps in growing Loan portfolio of a bank

c) It helps increase commission income of a bank

d) It diversify the risk of a Bank

e) Bank have taken over Insurance companies

 

21). A collection of non-bank financial intermediaries that provide services similar to

traditional commercial banks is known as _________

a) Off-shore Banking

b) Investment Banking System

c) Shadow Banking System

d) Conventional Banking

e) Merchant Banking System

 

22). The term ―Bancassurance means ______?

a) Assurance of quality services by the Bank

b) Selling of Insurance products by Banks

c) Selling of Third party Mutual Funds Products

d) Selling of Add-on Banking Services

e) Selling of Credit Cards

 

23). The national agency mandated to control, analyse and disseminate Suspicious Transaction Reports(STR), Cash Transaction Reports and counterfeit currency reports to various investigative agencies of the country after receiving it from banks and other financial intermediaries is ________

a) RBI

b) Financial Intelligence Unit(FIU)

c) Intelligence Bureau(IB)

d) Central Bureau of Investigation(CBI)

e) Central Intelligence Unit(CIU)

 

24). The Lead Bank Scheme was introduced on the basis of recommendations of _____?

a) Reserve Bank

b) NABARD

c) Study group appointed by National Credit Council under the chairmanship of Prof. D. R. Gadgil

d) SIDBI

e) None of the above

 

25). Which of the following is not a banking term?

a) Letter of credit

b) MIBOR

c) Factoring services

d) Entry load

e) None of these

 

26). Which of the following is not classified as a Commercial Bank?

a) Public Sector Bank

b) Foreign Bank

c) Private Sector Bank

d) Regional Rural Bank

e) Urban Cooperative Bank

 

27). Which of the following is true about the functions performed by RBI -

(i) It is the Bank of Issue

(ii) It acts as banker to the Government

(iii) It is the banker of other banks

(iv) It regulates the flow of credit

a) Only (i) and (ii)

b) Only (iii) and (iv)

c) Only (i) and (iv)

d) All of the above

e) None of the above

 

28). SHCIL was established in 1986 under the Government of India as __________

a) Private Ltd

b) Public Ltd

c) Limited Liability Partnership

d) Unlimited company

e) None of the Above

 

29). Maximum value of transaction for e-SBTR should be _________

a) Rs.1000

b) Rs.2000

c) Rs.3000

d) Rs.5000

e) No limit

 

30). Which of the following is the most liquid money?

a) M1

b) M2

c) Securities

d) M3

e) Call Money

 

 

31). What is the purpose of KYC in banking?

a) It is used for customer identification

b) It is used for increasing the CRR of banks

c) It is used against money laundering

d) It is used by the central bank to control liquidity

e) Both (a) and (c)

 

32). The ratio of deposits to loans of a bank is known as _______

a) NPA coverage Ratio

b) Return on asset ratio

c) Asset Coverage ratio

d) CD Ratio

e) Other than those given as options

 

33). In International Banking terms, Appreciation of Rupee means ________

a) Excess of exports over imports

b) Purchasing power of rupee has come down

c) Availability of less foreign currency vis-a-vis rupee

d) Excess of imports over exports

e) Availability of more foreign currency vis-à-vis rupee

 

34). Currency Swap is an instrument to manage _______

a) currency risk

b) interest rate risk

c) currency and interest rate risk

d) cash flows in different currency

e) All of the above

 

35). Demand of which among the following will be called as Direct Demand?

a) Weaving Machine

b) Wool for Factory

c) Sweater

d) Wool for making gloves

e) None of these

 

36). Which of the following banks has planned to commence urban microfinance operations in its 85 branches across the country?

a) Yes Bank

b) Kotak Mahindra Bank

c) ICICI Bank

d) Axis Bank

e) None of these

 

37). ______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

 

38). 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

 

39). 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

 

40). 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

 

41). The Reserve Bank of India does not print currency notes of the denomination of Rs. ______.

a) 20

b) 50

c) 3,000

d) 2,000

e) 500

 

42). Which of the following is considered as the financial capital of India?

a) New Delhi

b) Kolkata

c) Bangalore

d) Ahmedabad

e) None of these

 

43). Many times we read in financial newspapers/magazines about Systematic Investment

Plans (SIPs). SIPs are an investment option also operated in the mode of _____

a) Mutual Funds

b) Small Savings Schemes in Post Offices

c) National Pension Fund

d) National Saving Certificates

e) None of these

 

44). Who amongst the following has suggested to the banks in India to give details of fund transfers to customers via SMS/E-mails?

a) Reserve Bank of India (RBI)

b) India Banks Association (IBA)

c) Indian Institute of Banking and Finance

d) Securities and Exchange Board of India

e) None of these

 

45). The short term loans given to the farmers are the loans given normally for a period of

a) three months

b) six months

c) nine months

d) one year

e) fifteen months

 

46). India started its five year planning with effect from the year

a) 1955

b) 1951

c) 1960

d) 1965

e) 1948

 

47). The Head of the Reserve Bank of India is designated as the _____.

a) Chief Executive Officer

b) Managing Director

c) Chief Banking Officer

d) Deputy Governor

e) None of these

 

48). Which of the following organizations was specially established to operate in Gramin areas by design itself?

a) Commercial Banks

b) Central Financial Institutes

c) Private Banks

d) Regional Rural Banks

e) None of these

 

49). Which of the following is NOT a part of India’s Money Market?

a) Bill Markets

b) Call Money Market

c) Banks

d) Mutual Funds

e) Indian Gold Council

 

50). Which of the following is/are the measure(s) taken by the Reserve Bank of India (RBI) to ease the liquidity crunch in the country?

A. Cut in Cash Reserve Ratio and Statutory

Liquidity Ratio.

B. Increase the flow of foreign direct investment.

C. Supply of additional currency notes in the

market.

a) Only (A)

b) Only (B)

c) Only (C)

d) All (A), (B) and (C)

e) None of these

 

51). A Non-negotiable crossing is a _____?

a) General crossing

b) Special crossing

c) Restricted crossing

d) Non-transferable crossing

e) None of the above

 

52). What does N in NASSCOM stands for?

a) National

b) Non

c) Net

d) All of the above

e) None of these

 

53). CRR is required to maintain in the form of _____?

a) Approved Government Securities

b) Cash with RBI

c) Cash with bank

d) All the above

e) None of the above

 

54). Tagline of Bank of Baroda

a) India’s best business bank

b) The Thinking Behind the Money

c) India’s International Bank

d) Not Your Typical Bank

e) None of these

 

55). Monetary Policy of RBI Does not include______?

a) Control the supply of Money

b) Reduction of taxes

c) Fixation of rate of interest (least in some categories)

d) Fixation of Repo rate and Reverse Repo rate

e) Fixation of Cash

 

56). What is R in FERA?

a) Rural

b) Restricted

c) Refinance

d) Regulation

e) Regulatory

 

57). Which of the following private sector bank rebranded itself as ―RBS?

a) Sumitomo Bank

b) Bank of Scotland

c) ABN Amro Bank

d) ICICI Bank

e) Bank of Rajasthan

 

58). _____is the largest stake holder in the National Securities Depository Limited?

a) SBI

b) Corporation Bank

c) Syndicate Bank

d) IDBI Bank

e) ICICI Bank

 

59). The Head Office of National Housing Bank is in

a) Kolkata

b) Bangalore

c) New Delhi

d) Mumbai

e) None of these

 

60). Which of the following is not an asset of a bank?

a) Notes and Small coins

b) Short Term Loans

c) Staff Advances

d) Overdue Recurring Deposits

e) None of these

 

61). SEBI was established in the year

a) 1994

b) 1990

c) 1992

d) 1982

e) None of these

62). State Bank of India's new floating rate of deposit is directly linked to?

a) Base Rate

b) BPLR

c) Bank Rate

d) Inflation Rate

e) CRR

 

63). When RBI sells government securities its meaning is?

a) Liquidity in banking increases

b) Liquidity gets diminished

c) Liquidity remains unchanged

d) None of these

e) Both a) and b)

 

64). The banking company has restriction to sanction loan to

a) Staff working in the bank

b) Directors of the bank

c) Students going abroad

d) Professionals

e) None of these

 

65). Which of the following rates are decided by the RBI called as ―Policy Rate?

a) Cash reserve ratio

b) Lending rate

c) Bank rate

d) Deposit rate

e) None of these

 

66). Which of the following is a non-depository institution?

a) Regional Rural Bank

b) Mutual Funds

c) Credits Unions

d) Commercial Banks

e) None of these

 

67). Which Bank in India opened India's first offshore banking Unit ?

a) SBH

b) ICICI

c) SBI

d) Axis

e) Bank of Baroda

 

68). Issuing of credit cards is a component of

a) Corporate Banking

b) Micro Finance

c) Retail Banking

d) Rural Banking

e) None of these

 

69). Indian Depository Receipt (IDR) is the?

a) Proof of an Indian company’s share

b) Is an unsecured money market instrument

c) Proof of ownership of foreign company’s share

d) Proof of earnings or profits of Indian Companies

e) All of these

 

70). Life Insurance Corporation of India is a____________ ?

a) Department of Govt. of India

b) Independent Body

c) Corporation established by a special Act of Parliament

d) Company established under Companies Act 1956

e) Non-Governmental Organization (NGO)

 

71) Which of the following bank became the first in India to be fully computerized?

a) State Bank of India

b) Punjab National Bank

c) Bank of Baroda

d) Bank of India

e) Union Bank of India

 

72). Normally banks accept fixed Deposits for a maximum period of:

a) 5 years

b) 7 years

c) 10 years

d) 20 years

e) None of these

 

73). Which of the following statements about Local Area Banks are correct ?

a) Local Area Banks are required to observe the priority sector lending targets at 40 per cent of net bank credit as applicable to other domestic bank

b) Local Area Banks have to lend at least 25 per cent of their priority sector deployments (10 per cent of net bank credit) to weaker sections within the over all40 per cent targets for priority sector

c) Local Area Banks are registered as a public limited company under the Companies Act, 1956

d) Only (1) and (2)

e) All of the above

 

74). Which of the following extreme measures may be resorted to by the Reserve Bank of India (RBI), in order to safeguard the interest of the depositing public when the affairs of a bank are observed to be beyond redemption?

a) Refusal of a license or cancellation of an existing licence

b) Merge the bank with any public sector bank

c) Applying to the Central Government for an order of moratorium and thereafter reconstructing or amalgamating the bank with another bank

d) All of the above

e) None of the these

 

75). Which of the following terms is used in the field of finance and Banking?

a) Adjustable credit

b) Absolute Zero

c) Gauge pressure

d) Single bond

e) None of these

 

76). Which of the following category of banks were mooted with a view to providing an institutional mechanism for promoting rural and semi-urban savings as well as - the provision of credit for viable economic activities in local areas ?

a) Regional Rural Banks

b) Local Area Banks

c) Private sector banks

d) Land Development Banks

e) All of the above

 

77). Which of the following set up core banking infrastructure for rural banks?

a) RBI

b) NABARD

c) IDBI

d) NHB

e) SEBI

 

78). Coins in India are minted at

a) Hyderabad

b) Kolkata

c) Noida

d) All the above

e) None of these

 

79). All the financial issues of agriculture are dealt by which Bank?

a) Andhra Bank

b) SBI

c) RBI

d) NABARD

e) None of these

 

80). If you buy a financial instrument in onemarket in order to sell the same instrument in

another market at higher price, it will be called as

a) Brokerage

b) Arbitrage

c) Forfeiture of Instrument

d) investment

e) None of these

 

81). AER stands for ___?

a) Average Equivalent rate

b) Annual Equivalent Rate

c) Appropriate Equivalent Rate

d) Approximate Equivalent Rate

e) None of these

 

82). Which among the following is incorrect about Bank Ombudsman ?

a) Bank Ombudsman scheme was first introduced in 1995 but start in operations from 2006

b) Bank Ombudsman has the power to solve bank Complaints

c) Bank Ombudsman acts as the one of representative of Reserve Bank of India in order to implement RBIs rules and regulations

d) All the Above

e) None of these

 

83). The Commission charged by a broker is _____?

a) Brokerage Interest

b) Brokerage Fee

c) Brokerage Profit

d) Brokerage rate

e) None of these

 

84). _____ is a short term and unsecured promissory notes issued by corporations with very

high credit standing?

a) Demand draft

b) Credit card

c) Debit card

d) Commercial Paper

e) None of these

 

85). Slogan of Corporation Bank?

a) Working for a better tomorrow

b) Prosperity for all

c) Trusted family Bank

d) None of these

 

86). Multilated Notes are?

a) Notes which are in pieces and/or of which the essential portions are missing

b) Any bank note, which is wholly or partially, obliterated, shrunk

c) Notes which are washed, altered or Indecipherable

d) Notes which are wholly or partially, obliterated, shrunk, washed, altered or indecipherable

e) None of these

 

87). Which is incorrect about NBFC (Non-Banking Financial Company)?

a) The deposits with NBFCs are not insured

b) deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks

c) NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself

d) NBFCs cannot offer interest rates higher than the ceiling rate prescribed by RBI from time to time.

e) None of these

 

88). INDIA’s Central Bank" is slogan of:"

a) Reserve Bank of India

b) State Bank of India

c) IDBI

d) SEBI

e) None of these

 

89). Upper Limit on Kisan Vikas Patra is:

a) 1000000

b) 500000

c) No upper limit

d) 200000

e) None of these

 

90). Which of the following instruments of credit control adopted by the Reserve Bank of India (RBI) does not fall within general or quantitative methods of credit control?

a) Bank rate

b) Open market operations

c) Stipulation of certain minimum margin in respect ofadvance against specified commodities

d) Variable reserve requirements

e) None of the these

 

91). In periods of boom, which leads to economic instability, the Reserve Bank of India (RBI) resorts to?

a) Hike in the Bank Rate as a measure of open market operations

b) Buying of approved securities in the market as a measure of open market operations

c) Sale in the market of first class securities in its possession to reduce the supply of money as a measure of open market operations

d) All of the above

e) None of the above

 

92). CPI refers to:

a) Cost Price Index

b) Consumer Price Index

c) Current Price Index

d) Consumer Price interface

e) None of these

 

93). In periods of depression when the Reserve Bank of India (RBI) desires to encourage the banking system to create more credit, what it does?

a) Permits the Bank Rate to be decided by market forces

b) Raises the Bank Rate

c) Reduces the Bank Rate

d) All of the above

e) None of the above

 

94) In terms of section 5 (1)(e) of the Banking Regulation Act, 1949, a banking company means any comps- which

a) transacts the business of banking in India

b) undertakes lending of money

c) accepts deposits from public and invests the same as trade and industry

d) accepts deposits from the public

e) All of the above

 

95). Which of the following is an account at a bank or credit union that earns interest over a specified amount of time?

a) Interest Bearing Account

b) Regular Checking Account

c) De-materialized Account

d) Savings Bank Account

e) None of these

 

96). _______ term refers an account that cannot be converted and repatriated into foreign currency.

a) Non-Resident Ordinary Rupee or NRO Account

b) Non-Resident Rupee or NRE Account

c) FCNR Account

d) Retail Account

e) None of these

 

97). 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

 

98). UPI-PIN (UPI Personal Identification Number) is a ______ digit pass code you create/set during first time registration with this App.

a) 6-8 digits

b) 2-4 digits

c) 7-9 digits

d) 4-6 digits

e) 3-5 digits

 

99). In which year IMPS was launched by Smt. Shyamala Gopinath?

a) 2014

b) 2006

c) 2012

d) 2008

e) 2010

 

100). What is the meaning of "P" in BBPS?

a) Plan

b) Pending

c) Payment

d) Product

e) Produce

 

Banking Awareness Question Set - 14

Banking Awareness Question Set - 14

1487   03-Apr-2018, Tue

1). Customer Day in the bank is on and customers are allowed to meet the top officials of the bank on this day in every month:

a) 5th

b) 10th

c) 15th

d) 30th

e) Any of the above dates

 

2). Which of the following is the name of the organization specifically to develop small scale

industrial sector in our country?

a) NABARD

b) SEBI

c) SIDBI

d) AMFI

e) None of the above

 

3). Mutual Funds are regulated by________

a) Reserve Bank of India

b) Securities and Exchange Board of India

c) Small industrial development bank of India

d) State Bank of India

e) None of these

 

4). Which of the following types of ATMs eliminates the need for PIN early and authenticated customer transactions by thumb impressions.

a) while label ATMs

b) Biometric ATMs

c) On-site ATMs

d) Off-site ATMs

e) None of these

 

5). Maximum age for retirement for MD/CEO of all private banks is__________

a) 70

b) 65

c) 60

d) 68

e) None of these

 

6). The New Capital Adequacy Frame work prescribed for the banks is commonly known as?

a) KYC norms

b) Credit Policy

c) Basel accord

d) Fiscal Policy

e) None of these

 

7). Regulatory Authority for Regional Rural Bank is of___________

a) RBI and NABARD

b) NABARD

c) RBI

d) Central bank

e) None of these

 

8). Real Time Gross Settlement System means a payment system in which

a) both processing and final settlement of funds transfer instructions can take place continuously

b) final transaction takes place at the end of the day

c) final payment is physically effected within 24 hours

d) final settlement of funds take place at 3 PM daily

e) none of the above

 

9). Which of the following banks is not nationalized in 1969___________

a) Central Bank of India

b) Dena Bank

c) Canara Bank

d) Oriental Bank of Commerce

e) None of these

 

10). Effective from 15th April, 1980, how many banks with demand and time liabilities exceeding 200 crore were nationalized?

a) five

b) four

c) six

d) ten

e) None of these

 

11). Which one of the following rates is not decided by RBI__________

a) Bank rate

b) Base rate

c) Repo rate

d) Prime Lending rate

e) None of these

 

12). What does AGM stand for?

a) Asian General Meeting

b) American General Meeting

c) Academic General Meeting

d) Annual General Meeting

e) None of these

 

13). Foreign exchange reserves of India are kept in the custody of which of the following?

a) International Bank for Reconstruction and Development

b) Reserve Bank of India

c) State Bank of India

d) International Monetary Fund

e) Government Treasury

 

14). What does CRR stand for?

a) Credit Reserve Ratio

b) Cost Advisory Ratio

c) Cash Reserve Ratio

d) Cash Revenue Ratio

e) None of these

 

15). What does 'DD' stand for

a) Demand Cheque

b) Demand Credit

c) Demand Cash

d) Demand Draft

e) None of these

 

16). In which city the Bank of International Settlements (BIS) located?

a) New York

b) Basel

c) Washington

d) Davos

e) Paris

 

17). Which among the following is at times mentioned as a kind of Direct Debit Facility?

a) RTGS

b) ECS

c) NEFT

d) IMPS

e) None of these

 

18). What does EXIM Bank stand for?

a) Extra Import Bank of India

b) Export Import Bank of India

c) Export Information Bank of India

d) Export Import Bank of Intelligence

e) None of These

 

19). Regional Rural Banks are classified as

a) subsidiaries of NABARD

b) subsidiaries of the sponsor banks

c) scheduled commercial banks

d) All of the above

e) None of the above

 

21). Which among the following is not under the control of central banking authority?

a) Monetary control

b) Management of government debts

c) Lender of last resort to banks

d) Banker to government

e) Equity market and debt market supervision and control

 

22). A very large loan extended by a group of small banks to a single borrower is known as

a) Secured loan

b) Syndicated loan

c) Non-Recourse loan

d) No Documentation loan

e) None of these

 

23). Safe deposit locker – a product offered in the Indian retail banking segment under:

a) Retail loan products

b) Retail deposit products

c) Retail services

d) Retail facilities

e) Retail comforts

 

24). When it comes to retail deposit products, which among the following is irrelevant?

a) Recurring deposit accounts

b) Term deposit accounts

c) No frills accounts for common man

d) Depository services

e) Senior citizen deposit accounts

 

25). Which term refers closure of the loan account prior to the tenure fixed for the account?

a) Pre Approved

b) Pre Closure

c) Personal Disposable

d) All of the above

e) None of the Above

 

26). Leasing, hire purchase and bill discounting are the domain of_______________

a) Non banking companies

b) Mutual funds

c) Commercial banks

d) Development banks

e) None of the above

 

27). The difference between the total cost of a project and the sanctioned loan amount is termed as

a) Near Money

b) Hot Money

c) Gross Income

d) Margin Amount

e) None of these

 

28). The capital markets regulatory authority has supervision over:

a) Stock exchanges

b) Foreign institutional investors

c) Equity and debt raisers

d) Mutual funds

e) All the above

 

29). An account which is maintained by depositing undistributed parts of profit for future needs is known as

a) Savings Account

b) Current Account

c) Reserve Account

d) All of the above

e) None of the Above

 

30). To control inflationary situation in the economy, RBI can increase one or more of these

monetary tools:

a) CRR-SLR-BANK Rate

b) SLR-CRR-BASE Rate

c) CRR-SLR-REPO Rate

d) CRR-SLR-REVERSE REPO Rate

e) CRR-SLR-BENCHMARKING PLR

 

31). When it comes to money market instruments, which among the following is not true?

a) Treasury bills

b) Term money

c) Certificate of deposits

d) Corporate securities

e) Commercial paper

 

32). A debt which is irrecoverable and is therefore written off as loss in the accounts of an institution or bank is known as __________

a) External debt

b) Good debt

c) Bad debt

d) Internal debt

e) All of the above

 

 

33). ___________ is basically charged when a person uses a credit card to obtain cash.

a) Early Repayment Charge

b) Redemption Fee

c) Transaction Fee

d) Cash Advance Fee

e) None of these

 

34). New and re-issuable currency notes are stored in _____________maintained by the banks as agents of Reserve Bank of India

a) Currency chests

b) Treasuries

c) Branches

d) Service units

e) Go-downs

 

35). Time period that is considered from the inception of the credit, investment or negotiable instrument and ends upon the maturity or expiry of the instrument is referred as ________

a) Amortisation Period

b) Amortising Swap

c) Asset Backed Security

d) Attrition Analysis

e) None of these

 

36). Urban cooperative banks are controlled by ______ and _______

a) State government-RBI

b) NABARD – RBI

c) SEBI – RBI

d) Central government – NABARD

e) NABARD – state governments

 

37). Which is an interest-free period that is to be given by a creditor to debtor?

a) Fixed Period

b) Preset Period

c) Grace Period

d) All of the above

e) None of the Above

 

38). Cash reserve ratio is the __________deposit to be held by banks with Reserve Bank of India

a) Voluntary

b) Mandatory

c) Optional

d) As decided by the chairman and managing director

e) None of the above

 

39). A loan which is secured by collateral and for which borrower is not personally liable is called __________

a) Secured loan

b) Syndicated loan

c) Non-Recourse loan

d) No Documentation loan

e) None of these

 

40). Goods and Service Tax, would replace which of the following taxes levied at present?

a) Capital gains tax

b) Corporate tax

c) Value added tax

d) Income tax

e) None of these

 

41). Which of the following sectors makes maximum contribution to the National Income of

India?

a) Agriculture

b) Service

c) Industry

d) Both a) and c)

e) None of these

 

42). Which of the following statements are correct in regard to foreign banks operating in India ?

a) The parent foreign bank of a wholly owned subsidiary would continue to hold 100 per cent equity in the Indian subsidiary for a minimum prescribed period of operation

b) Foreign banks would be permitted to acquire a controlling stake in a phased manner, but only in those private sector banks which are identified by the Reserve Bank for restructuring

c) Foreign banks would be allowed to open more than the existing WTO commitment of 12 branches in a year

d) Only (1) and (2)

e) All of the above

 

43). Mixed economy means?

a) Co-existence of public and private sectors

b) Co-existence of rich and poor

c) Co-existence of small and large industries

d) Co-existence of wholesale and retail markets

e) None of these

 

44). What is fiat money?

a) The currency backed by Government Guarantee

b) The currency backed by gold reserves

c) The currency backed by paper assets

d) The currency backed by individuals

e) None of these

 

45). In the term STRIPS, the S denotes

a) Small

b) Single

c) Separate

d) Savings

e) None of these

 

46). KYC guidelines followed by the Banks have been framed on the recommendations of the

a) Ministry of Home Affairs

b) Reserve Bank of India

c) Indian Banks Association

d) Financial Intelligence Unit

e) None of these

 

47). Which one of the following is a regulatory body in India?

a) RBI

b) SEBI

c) BMB

d) IDBI

e) SBI

 

48). The Base rate for banks in India is set up by?

a) Board of all banks

b) RBI

c) SBI

d) SEBI

e) NABARD

 

49). Where is the head quarter of Insurance Regulatory and Development Authority (IRDA)?

a) Hyderabad

b) Bangalore

c) Mumbai

d) Delhi

e) None of these

 

50). Where is the head quarter of Telecom Regulatory Authority of India (TRAI)?

a) New Delhi

b) Gujrat

c) Pune

d) Bangalore

e) None of these

 

51). What is the full form of NAV?

a) Net Actual Value

b) Net Annual Value

c) Net Asset Value

d) Net Average Value

e) None of these

 

52). Which of the following is known as the concept of a standard contract to buy or sell a specified commodity at a certain date in future and at a market driven price?

a) Forward Contract

b) Futures Contract

c) Market Contract

d) Standard Contract

e) None of these

 

53). Which of the following depicts the financial position of a bank or business enterprise at a given point of time?

a) Balance sheet

b) Cash flow statement

c) Income statement

d) Model audit

e) None of these

 

54). When financial institutions and banks undertake activities related to banking like

investment, issue of debit and credit card etc. then it is known as ________?

a) Internet banking

b) Universal banking

c) Virtual Banking

d) Wholesale banking

e) None of these

 

55). What is the full form of NIM?

a) Net Interest Margin

b) Net Involvement Margin

c) Net Involution Margin

d) Net international Margin

e) None of these.

 

56). Oudh Commercial Bank was founded in _______.

a) 1913

b) 1917

c) 1894

d) 1881

e) None of these

 

57). Which of the following is a financial ratio that gives a measure of a company‘s ability to meet its financial losses?

a) Cash Reverse Ratio

b) Leverage Ratio

c) Statutory Liquidity Ratio

d) Loan-to-Value Ratio

e) None of these

 

58). Which of the following is the correct definition of Hot Money?

a) This is the fund which is dumped into a country to get the advantage of a favourable interest rate

b) This is the fund which is provided by a bank in US $ Dollar at very short notice and at a very high rate of interest and for a longer period of repayment

c) This is the fund which is pushed into market through illegal methods

d) All of the above

e) None of these

 

59). When it comes to organized sector, which among the following is not true?

a) Reserve Bank of India

b) Public sector commercial banks

c) Private sector commercial banks

d) Money lenders

e) Cooperative banks

 

60). Name the country’s first small finance bank ?

a) Capital Local Area Bank

b) Disha Microfin Private Limited

c) Au Financiers (India) Limited

d) Ujjivan Financial Services

e) Utkarsh Micro Finance

 

61). A ___________is an institution which accepts deposits, makes business loans and other

related services

a) Development bank

b) Savings bank

c) Commercial bank

d) Indigenous bank

e) Local area bank

 

62). In which of the public sector bank, government decided to take a move to lower its

stake below 51%?

a) IDBI Bank

b) Bhartiya Mahila Bank

c) Vijaya Bank

d) EXIM Bank

e) OBC Bank

 

63). The initial public offer is connected to which among the following:

a) Primary market

b) Secondary market

c) Old issues market

d) gilt edged securities market

e) None of the above

 

64). Name the mobile app started by SBI to stop the debit card details whereby the customer can activate or deactivate its debit card by just sending an SMS?

a) SBI Debit

b) SBI SMS

c) SBI Quick

d) SBI Flip

e) SBI Direct

 

65). The industries securities market refers to the market which deals in:

a) Equities

b) Debentures

c) Treasury bills

d) Commercial paper

e) Only (a) and (b) as above

 

66). ______________ refers to the market for government and semi government securities, backed by the RBI

a) Gilt edged market

b) Industrial securities market;

c) Primary market

d) Secondary market

e) None of the above

 

67). Which state owned bank has become the top mobiliser under Gold Monetization Scheme, launched by Modi government?

a) Bank of Baroda

b) State Bank of India

c) Punjab National Bank

d) Central Bank of India

e) Bank of India

 

68). Which among the following is short term borrowings for any firm?

a) Debentures

b) Shares

c) Long term loans availed from banks

d) Subordinated borrowings

e) Sundry creditors

 

69). The Imperial Bank of India was renamed as?

a) Reserve Bank of India

b) IDBI

c) Union Bank of India

d) State Bank of India

e) None of these

 

70). Find the odd man out when it comes to sanctioning of loans to a customer?

a) Borrowing

b) Lending

c) Advancing

d) Procuring

e) Extending credit

 

71). SBI Day is observed on _________

a) April 1

b) May 1

c) June 5

d) July 1

e) None of these

 

72). What do you mean by RIDF?

a) Rural India development fund

b) Rural Infrastructure development fund

c) Rural Innovative development fund

d) Rural Industrial development fund

e) none of the above

 

73). India became the _______ country in the world to have a bank especially for women.

a) 7

b) 6

c) 5

d) 3

e) None of these

Answer: d)

 

74). When it comes to electronic banking which among the following are not coming under the purview of electronic banking?

a) Debit cards

b) credit cards

c) mobile banking

d) safe deposit locker

e) internet banking

 

75). Which of the following is the purpose of introducing ― Know Your Customer norms by the banks?

a) Identifying people who do not pay Income Tax

b) To bring more and more people under the banking net

c) To ensure that the money deposited in banks has come from genuine sources

d) None of the Above

e) Both a) and b)

 

76). The returned non resident Indians are

permitted to open the following accounts:

a) Non resident external account

b) Non resident ordinary account

c) RFC account

d) FCNR account

e) none of the above

 

77). In second phase of nationalization, how many banks were nationalized?

a) 7

b) 6

c) 5

d) 3

e) None of these

 

78). Financial instruments provided short term and they include

a) Commercial paper

b) Hundi

c) Certificates of deposits

d) Promissory notes

e) All the above

 

79) The No Frill Accounts facility provided by the banks is aimed at which of the following

categories of people?

a) Corporate world

b) Senior citizens

c) Current account holders

d) Poor people

e) Government employees

 

80) In the context of banking business, the increasing trend in the Burden Bearing Ratio would show the following?

a) Less burden bearing capacity of the bank

b) More burden bearing capacity of the Bank

c) Gradual increase in the bad debts

d) Improvement in the business growth

e) None of these

 

81). Government has infused Rs 2229 crore into which public sector bank in lieu of preferential allotment of shares?

a) Bandhan Bank

b) IDBI

c) Canara Bank

d) SBI

e) None of these

 

82). A depositor can deposit his funds in ____________any number of times he likes and can also withdraw the same any number of times he wishes

a) Savings bank

b) current account

c) recurring deposit

d) both (a) and (b)

e) none of the above

 

83). Which bank has earmarked Rs 20 crore to support employees who were affected by the floods in Chennai?

a) HSBC

b) Doha Bank

c) Royal Bank of Scotland

d) None of these

e) All of the above

 

84). When it comes to unorganized sector, which among the following is not true?

a) Indigenous bankers

b) Money lenders

c) Chit funds

d) Nidhis

e) Cooperative bank

 

85). Disha Microfin and________, will merge expecting the combination to help them launch a stronger small finance bank.

a) Muthoot Finance

b) Bajaj Finance

c) Future Financial Services

d) All of the above

e) None of these

 

86). Banks borrow in this money market for the following purposes:

a) To fill the gaps in temporary mismatches in funds

b) To meet the cash reserve ratio and statutory reserve ratio – the mandatory requirements as stipulated by RBI

c) To meet sudden demand for funds arising out oflarger outflows

d) All the above

e) none of the above

 

87). Which bank launched skill development mission initiated by the Centre to train millions of youths and make India a hub for skilled workforce?

a) Federal Bank

b) SBI

c) Yes Bank

d) ICICI Bank

e) None of these

 

88). The Deposit Insurance Credit Guarantee Scheme was formed on ______?

a) July 1, 1975

b) January 1, 1952

c) January 1, 1962

d) January 1, 1991

e) None of the above

 

89). According to RBI guidelines the term bulk deposit is used for single rupee term deposit of ________

a) Rs. 1 crore and above

b) Rs, 25 lakh and above

c) Rs, 75 lakh and above

d) Rs, 50 lakh and above

e) Rs, 15 lakh and above

 

90). A Debit Card is issued by a bank to _____?

a) All customers of a Bank

b) All customers having Saving bank account with a bank

c) All customers having loan account with a Bank

d) A Bank customer who is Income Tax assesses

e) All Corporate Salary account holder

 

91). According to Reserve Bank of India Regulations, ―Universal Banks‖ are permitted to

pick up stake in Payment Banks up to _________

a) 35%

b) 25%

c) 20%

d) 40%

e) 30%

 

92). The currency notes issued by Reserve Bank of India are under the signature of _____?

a) President of India

b) Dy. Governor

c) Governor

d) Secretary, Finance Ministry

e) None of the above

 

93). The Minimum Net Owned Fund for NBFCMFIs registered in the North Eastern Region of the country is _________

a) Rs.5 crore

b) Rs.4 crore

c) Rs.3 crore

d) Rs.2 crore

e) None of the Above

 

94). The Lead Bank Scheme was introduced in the year _____?

a) 1968

b) 1969

c) 1974

d) 1976

e) None of the above

 

95). In SNRR Account, SNRR stands for _________

a) Statutory Non Resident Rupee

b) Single Non Resident Rupee

c) Statutory Non Reflex Rupee

d) Single Non Resident Rupee

e) Special Non Resident Rupee

 

96). Who pays commission to banks for conducting Government business?

a) Government of India

b) State Government

c) RBI

d) Central and State Governments

e) None of the above

 

97). Which are defined as total assets other than cash and bank balances and money market instruments?

a) Net Assets

b) Qualifying Assets

c) Commercial Papers

d) Both (A) and (C)

e) All of the Above

 

98). We can open a saving bank account in the sole name of a minor if he completes age of _____?

a) 6

b) 10

c) 18

d) 21

e) None of the above

 

99). The IMGC is the sole provider of mortgage guarantor for housing finance in India. The alphabet ‘I’ in the abbreviation IMGC stands for________

a) India

b) Institute

c) Internal

d) Informative

e) International

 

100). Banks are increasingly selling Insurance products mainly due to _____?

a) It helps in increase in deposits of a bank

b) It helps in growing Loan portfolio of a bank

c) It helps increase commission income of a bank

d) It diversify the risk of a Bank

e) Bank have taken over Insurance companies

 

Banking Awareness Question Set - 13

Banking Awareness Question Set - 13

1364   02-Apr-2018, Mon

1). Which of the following terms is NOT used in the field of banking and finance?

a) SWIFT

b) CAMELS

c) IMPS

d) CHAPS

e) All of these

 

2).Which of the following financial institutions fosters international monetary and financial

cooperation and serves as a bank for central banks?

a) BIS

b) IBRD

c) WORLD BANK

d) IMF

e) Federal Reserve

 

3).Equitas Small Finance Bank Headquarter in India?

a) Chennai

b) New delhi

c) Bengaluru

d) Mumbai

e) Hyderabad

 

4). Where is the Head Office of Standard Chartered Bank?

a) New Delhi, India

b) Manila, Philippines

c) London, U.K.

d) New York, U.S.A.

e) Mumbai, India

 

5).For using the safe deposit locker facilities, bank customers pay__________.

a) Commission of locker

b) Interest on locker

c) Rent on locker

d) Exchange on locker

e) Safe custody charges

 

6). Expand MAT related to tax?

a) Minimum Additional Tax

b) Maximum Alternative Tax

c) Maximum Additional Tax

d) Minimum Alternative Tax

e) None of these

 

7). Local Area Banks

a) are licensed under the Banking Regulation Act, 1956

b) are eligible for inclusion in the Second Schedule to the Reserve bank of India Act, 1934

c) Have minimum paid up capital of Rs.5 crore with promoters contribution being at least Rs.2 crore

d) all of the above

e) none of the above

 

8). Which agency in India provides refinance of export credit?

a) SIDBI

b) NABARD

c) RBI

d) EXIM Bank

e) Government of India

 

9). The primary function of a central co-operative bank is to

a) mobilize the resources in the district for financing its members to the maximum extent possible

b) to channelize the flow of funds from the cooperative banks

c) All of the above

d) Either a) or b)

e) none of the above

 

10). What is Reserve Money (RM)?

a) Currency in circulation with the public

b) Deposits of some people with RBI

c) Cash reserves of the banks

d) Total of the above three options

e) None of the above

 

11). Which of the following is the first Universal Bank established in India?

a) IDBI Bank Ltd.

b) ICICI Bank ltd.

c) Reserve bank of India

d) NABARD

e) HDFC Bank Ltd.

 

12). What is the objective of introduction of Marginal Standing Facility (MSF) by RBI?

a) To contain volatility in the overnight inter-bank rates

b) To contain volatility in MIBOR

c) To contain volatility in LIBOR

d) To match with standard Tier 1 capital Ratio

e) None of these

 

13). The term Merchant Banking connotes

a) Services rendered by banks for merchants and traders capital requirements to merchants covered under DICGC Guarantee Scheme

b) Telegraphic transfers effected by merchants

c) Catering to the needs of corporate customers raising finance

d) All of the above

e) none of the above

 

14). Expand FRBM.

a) Financial Responsibility and Budget Management

b) Fiscal Responsibility and Budget Maintenance

c) Fiscal Responsibility and Budget Management

d) Fiscal Risk and Budget Management

e) None of these

 

15). The promoters of Local Area Banks may comprise

a) individuals

b) corporate entities

c) trusts and societies

d) accepts deposits from public

e) all of the above

 

16). The regional Rural Banks are sponsored by

a) Unit Trust of India

b) Reserve Bank of India

c) Life Insurance Corporation of India

d) NABARD

e) Any Scheduled Commercial bank

 

17). Deficit financing can (these are also demerits of it)

a) Cause inflation

b) Bring rise in fiscal deficit

c) Bring rise in credit creation in banks

d) All of the above

e) None of the above

 

18). Central co-operative banks

a) occupy a crucial importance in the co-operative credit structure

b) from an important link between the state cooperative bank at the apex and the primary agricultural credit societies at the base

c) are closer to the primary societies than an apex bank could be

d) all of the above

e) none of the above

 

19). If the RBI wants to infuse credit in Banking system in our country, which of the followings can be done?

a) Decreasing CRR

b) Decreasing SLR

c) Both (a) and (b)

d) None of the above

e) Cannot be determined

20). Deposits with Regional Rural Banks are insured by

a) Life Insurance Corporation of India

b) General Insurance corporation

c) Deposits Insurance and Credit Guarantee corporation

d) None of the above

e) all of the above

 

21). If the rupees depreciate, what is the effect on

the exporters?

a) They are unaffected

b) They are in loss

c) They are in profit

d) They get credit crunch

e) None of these

 

22). Under merchant banking, consultancy services are rendered by banks/merchant bankers for

a) floating of new companies

b) preparation, planning and execution of new projects

c) giving expert guidance and managing the new promotions or new promotions of

industries/enterprises

d) all of the above

e) none of the above

 

23). When the Government of India cannot raise enough financial resources through taxation, it finances its expenditure through various means like borrowing from market, running down its balances with RBI etc. This can be exactly called as

a) Fiscal Deficit Financing

b) Deficit Financing

c) Capital Infusion

d) Restructuring

e) None of these

 

24). Under the Banking Regulation Act, 1949, which of the following is not qualified to be called as banks in the co-operative sector?

a) Urban Co-operative banks

b) State Co-operative banks

c) Primary Agricultural Credit Societies

d) Central Co-operative Banks

e) None of the above

 

25). Buying and selling of eligible securities by RBI in the money market can be termed as

a) Open Economy Operations

b) Open Market Operations

c) Credit Control Measures

d) Credit Creation Measures

e) None of these

 

26). Which of the following is the private sector Bank in India?

a) IDBI Bank

b) Axis Bank

c) Corporation Bank

d) UCO Bank

e) None of the above

 

27). Regional Rural Banks are managed by

a) Reserve Bank of India

b) the State Government

c) the sponsor bank

d) a Board of Directors

e) All of these

 

28). Which of the following terms NOT used in the field of Banking & Finance?

a) Overdraft

b) Base Line

c) RTGS

d) GBC

e) None of the above

 

29). Which of the following conditions must be fulfilled before a bank is included in the Second Schedule to the Reserve Bank of India Act?

a) It must be a State co-operative bank or a company as defined in the Companies Act, 1956 or

an institution notified by the Central Government in this behalf or a corporation or a company

incorporated by or under any law in force in any place outside

b) It must satisfy the Reserve Bank of India that its affairs are not being conducted in a manner

detrimental to the interests of the depositors

c) It must have a paid-up capital and reserves of an aggregate value of not less than Rs. 5 lakh

d) Only (b) and (c)

e) All of the above

 

30). Which of the following is NOT a type of cheque issued by an individual?

a) Bearer cheque

b) Order cheque

c) Crossed cheque

d) Savings cheque

e) None of the above

 

31). Regional Rural Banks are empowered to transact the business of banking as defined

under

a) Regional Rural Banks Act, 1976

b) Negotiable Instruments Act, 1881

c) Banking Regulation Act, 1949

d) The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970

e) None of the above

 

32). Name the person Currently who is the Governor of the RBI ?

a) Bimal Jalan

b) Y.V. Reddy

c) Arun Jaitley

d) Urjit R. Patel

e) None of the above

 

33). Paid-up share capital of Regional Rural Bank is contributed by

a) Central Government only

b) State Government only

c) Central Government, State Government and the sponsor commercial bank in the ratio of

    50:15:35 respectively

d) NABARD, the concerned State Government and the sponsor commercial bank in the ratio of

    60:20:20 respectively

e) All of the above

 

34). Which of the following is an example of cashless purchase?

(a) ATM Withdrawal

(b) Credit Cards

(c) Debit Card

a) Only a

b) Only (b)

c) Only (b) and (c)

d) All of these

e) None of the above

 

35). RBI was established on?

a) April 1, 1925

b) April 1, 1935

c) April 1, 1945

d) April 1, 1955

e) April 1, 1934

 

36) For which of the following, the Reserve Bank of India has stipulated the maximum capital adequacy requirement?

a) Private sector banks

b) Banks that undertake insurance business

c) Local Area Banks

d) Scheduled Commercial Banks

e) None of these

 

37). Which of the following appears in the balance sheet of a company?

a) Subscribed Capital

b) Authorized Capital

c) Partner’s Capital

d) Paid up Capital

e) None of these

 

38). 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

 

39). What do you mean by Money Laundering?

a) Washing the currency notes in a good laundry

b) Converting money obtained through illegal sources in to legal money

c) Keeping the money in currency chests

d) Sending excess cash to other branch

e) None of these

 

40) For opening a new branch, a Regional Rural Bank requires

a) permission of NABARD

b) permission of Director, Institutional Finance

c) Approval of DRDA

d) RBI license

e) All of the above

 

41). What does M stand for In CAMELS?

a) Maintenance

b) Management

c) Misappropriation

d) Money

e) None of these

 

42). 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

 

43). The main foreign exchange reserves in the country are:

a) Foreign Currency assets

b) Gold Stock

c) Special Drawing Rights

d) All of the above

e) None of these

 

44) Which of the following Acts has specially been enacted to help banks deal with bad loans?

a) Negotiable Instrument Act

b) Banking Regulation Act

c) SARFAESI Act

d) Companies Act

e) Offshore Banking Act

 

45). In Banking parlance, NPA stands for

a) Non Performing Asset

b) Net Producing Asset

c) Net Performing Asset

d) Not Promoting Asset

e) None of these

 

46). _____________ is the duty applied by a government to control the exports of an article of trade, so that the article of trade can be used by the local markets rather than in foreign countries.

a) Customs duty

b) Excise duty

c) Anti-dumping duty

d) Dumping duty

e) None of these

 

47). Which of the following fall under the qualitative method of credit control adopted by the Reserve bank of India?

a) Selective credit control

b) Moral suasion

c) Credit authorization scheme

d) All the above

e) None of these

 

48). The treasury bills are issued at a

a) Discount

b) Premium

c) Both a) and b)

d) Face value

e) None of these

 

49). If a customer does not get a satisfactory response to his grievance from the bank within

_____ days , then he can approach the Banking Ombudsman.

a) 60