BANKING AWARENESS - bhawtiacademy.combhawtiacademy.com/files/Bankingmcq's Complete.pdf · BANKING...
Transcript of BANKING AWARENESS - bhawtiacademy.combhawtiacademy.com/files/Bankingmcq's Complete.pdf · BANKING...
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BANKING AWARENESS 1. ASBA is a mechanism for subscribing to
applications in Initial Public Offerings
(IPOs) . ASBA stands for
(1) Application Supported by Blocked
Amount
(2) Application Submitted with Blocked Amount
(3) Acquired Shares by Blocked Amount
(4) Application Supported by Balance
Amount
(5) None of these
2. In regards to insurance, ―A policy provision that allows a policy to be
restored from a lapsed status and resume
active coverage‖ is termed as?
(1) Reaffirmation (2) Reinsurance
(3) Reinstatement (4) Revocation (5) None of these
3. ―The termination of an insurance policy
due to non – payment of premium‖ is
technically called as?
(1) Death (2) Lapse
(3) Forfeiture (4) Seize (5) None of these
4. What are ‗Open Market Operations"?
(1) Activities of SEBI – registered brokers
(2) Selling of currency by the RBI
(3) Selling of gilt – edged securities by the government
(4) Sale of share by FIIs
(5) None of these
5. In the opening of Savings Account (few
other accounts also) bank ask to write
Nominee name. Who shall be nominee? (1) Any person
(2) Known person only
(3) Female only
(4) Close blood relation only
(5) Account holder in that bank only 6. Which of the following is not a tool in the
hands of RBI to control the inflationary
pressure in the country?
(1) Bank Rate (BR)
(2) Special Drawing Rights (SDR)
(3) Statutory Liquidity Ratio (SLR) (4) Cash Reserve Ratio (CRR)
(5) None of these
7. Certificate of Deposits have a minimum
value of:
(1) Rs. 1 Lakh (2) Rs. 10 Lakh (3) Rs. 25 Lakh (4) Rs. 50 Lakh
(5) Rs. 1 Core
8. Which of the following instruments of credit control adopted by the Reserve
Bank of India does not fall within
'General' or 'Quantitive' methods of credit
control?
(1) Stipulation of certain minimum margin in respect of advance against specified
commodities
(2) Open Market Operation
(3) Bank Rate
(4) Variable Reserve Requirement
(5) None of these 9. On the recommendation of which
committee was NABARD established?
(1) Rangarajan
(2) Shivraman
(3) Narasingam (4) Vijay Kelkar Malegam
(5) None of these
10. Which among the following is not decided
By RBI?
(1) CAR (2) CRR
(3) Base Rate (4) Bank Rate (5) Repo Rate
11. An Increase in Cash Reserve Ratio (CRR)
by Reserve Bank of India leads to:
(1) Decrease in Deposit
(2) Increase in Deposit (3) Decrease in lendable resources
(4) Increase in lendable resources
(5) None of these
12. What is meant by development oriented
banking?
(1) Infrastructure Financing (2) Taking up task of development of the
economy by providing support to under
privileged sections of the society.
(3) Extending loans to states which are
underdeveloped (4) All of the above
(5) None of these
13. What is the principal function of SIDBI?
(1) Finance of SSI
(2) Development of SSI
(3) Promotion of SSI (4) All of the above
(5) None of these
14. Which of the following is provided by the
Reserve Bank of India for meeting day – to
– day receipt and expenditure mismatch to both central and state governments?
(1) Treasury Bills
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(2) Date and securities
(3) Ways and means advance
(4) All of the above (5) None of these
15. These days RBI uses Selective Credit
control measures rather infrequently
because of:
(1) Deregulation of function (2) Reasonable inflation level
(3) Comfortable liquidity
(4) Autonomy Given to Banks
(5) All of the above
16. Which of the following is classified as a
Public Sector Banks? (1) ICICI Bank
(2) Yes Bank
(3) IDBI Bank
(4) Local area Banks
(5) None of these 17. Reserve Bank of India is known as lender
of last resort because
(1) It has to meet the credit need of
citizens to whom no one else is willing to
lend
(2) It comes to help bank in times of crisis (3) Banks lend to go to RBI as a last resort
(4) All of the above
(5) None of these
18. The availability of cash and other cash –
like marketable instruments that are useful in purchases and investments are
commonly known as:
(1) Cash crunch (2) Credit
(3) Liquidity (4) Marketability
(5) None of these
19. As per newspaper reports, India's trade gap has been showing a negative growth
for the last few months. What does "Trade
Gap" mean?
(1) Gap between budgeted revenue
collection and actual collection of the same
(2) Gap between total GDP and total
Consumption
(3) Gap between available liquidity and
expected demand in next five months
(4) Gap between total imports and total exports
(5) None of these
20. The banker – customer relationship in
credit card payment is?
(1) Agent – Principal (2) Principal – Agent
(3) Creditor – Debtor
(4) Debtor – creditor
(5) None of these
21. Which of the following committee is set up
for giving clear definitions to FDI and FII with an aim to remove ambiguity over the
two types of Foreign Investments?
(1) Gopinath Committee
(2) Arvind Mayaram Committee
(3) Subir Gokran Committee
(4) Sushma Nath Committee
(5) None of these
22. Loans of very small amount given to low income group is called –
(1) Cash Credit
(2) No Frill Credit
(3) Rural Credit
(4) Micro Credit (5) Simple Overdraft
23. As per the new final guidelines released
by the Reserve Bank of India for issuing
new banking license norms to allow
private and public sector as well as Non –
Banking Financial Companies (NBFCs) to enter the fray. Which of the following
statement is/are correct in this regard?
(A) The final guidelines sets 49% cap on
foreign holding in new banks and
minimum paid – up equity capital is Rs 1000 crore
(B) The paid – up equity capital should be
Rs 500 crore and they will have to get
listed within three years of operation
(C) New banks will have to set up 25 % of
its branches in unbanked rural areas.
(1) Only A and B (2) Only B and C
(3) Only A and C (4) All A, B and C
(5) None of these
24. In Banking terms BCSBI stands for which of the following?
(1) Banking Consumers and State Board
of India
(2) Banking Commerce and State Bank of
India
(3) Banking Codes and Standards Board of India
(4) Banking Commerce and Secretarial
Board of India
(5) Banking Communications and
Systems Board of India 25. Which of the following bank of Russia has
granted permission by the Reserve Bank
of India to open its branches in New
Delhi?
(1) Inkas Bank
(2) Bank BFT (3) Aktive Bank
(4) Gazprom Bank
(5) MDM Bank
26. Participatory Notes (PNs) are associated
with which one of the following? (1) United National Development
Programme
(2) Foreign Institutional Investment
(3) Foreign Direct Investment
(4) Consolidated Funds of India
(5) None of these 27. Bank Rate implies the rate of Interest –
(1) Charges by banks on loans and
advances
(2) Paid by the RBI on the deposits if
commercial banks
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(3) Payable on bonds
(4) At which the RBI discounts the Bill of
exchange (5) None of these
28. Increase in net RBI credit for central
government represents –
(1) Budgetary deficit
(2) Monetized Deficit (3) Fiscal deficit
(4) Revenue deficit
(5) None of these
29. The rate of interest, banks charge to its
main/major and prime; customers is
popularly called as (1) Cost of Fund
(2) Repo Rate
(3) Reserve Repo Rate
(4) Prime Lending Rate
(5) Risk Premium 30. Under provision of which of the following
the Reserve Bank of India issues directive
to the Banks in India?
(1) Essential Commodities Act
(2) Banking Regulation Act
(3) RBI Act (4) RBI Act and Banking Regulation Act
(5) None of these
31. Which of the following is the deadline set
by Reserve Bank of India for Indian Banks
to complete their conformation to the Basel – III norms?
(1) March 2018 (2) March 2020
(3) March 2019 (4) March 2014
(5) None of these
32. Sub – Prime lending refers to:
(1) Lending to the customers who are most value for the banks
(2) Lending to the people with less than
standard credit status
(3) Lending to the customers who visit
bank for the very first time (4) Lending to the people who live a sub –
standard Life
(5) None of these
33. When we deposit a cheque issued in your
name in the bank, the bank always
checks if the cheque has been crossed or not? Why is this done?
(1) The bank insists on it only when the
party wants the payment immediately and
that too in cash only
(2) This is the instruction of the RBI that all cheques of the amount of Rs 10,000
should be accepted only if they are
crossed
(3) It is a process by which the person
who has issued the cheque comes to
know whether the cheque is encased or not
(4) It seems that the money is deposited
only in the account of the person in
whose name the cheque has been drawn
(5) None of these
34. A loan bearing low rate of Interest is
known as:
(1) Hard Loan (2) Soft Loan (3) Capital loan (4) Real Loan
(5) None of these
35. A country is said to be in a debt trap if –
(1) It has to borrow to make interest
payments on standing loans (2) It has to borrow to make interest
payments on outstanding loans
(3) It has been refused loans or aid by
creditors abroad
(4) The World Bank charges a very high
rate of interest on outstanding as well as new loans
(5) None of these
36. Devaluation means –
(1) To reduce the value of home currency
(2) To appreciate the value of home currency
(3) To issue new currency in place of old
currency
(4) To lower the price of Goods for export
(5) None of these
37. When a bank dishonors a cheque? (1) It is called withdrawing of the cheque
(2) It is called return of the cheque unpaid
(3) It is called settlement of the cheque
(4) It is called nullifying of the cheque
(5) It is called truncating of the cheque 38. Which of the following is not directly
controlled by Reserve Bank of India?
(1) Bank Rate (2) Base Rate
(3) Repo Rate (4) CRR
(5) SLR
39. Currency Swap is an Instrument to manage?
(1) Interest rate risk
(2) Currency Risk
(3) Currency and Interest Rate risk
(4) Cash flows in different currencies (5) All of the above
40. When the loan is guaranteed for purchase
of white goods it is called?
(1) White goods loan
(2) Consumer durable loan
(3) Business loan (4) Consumption loan
(5) Proprietary loan
41. Which of the following is the disadvantage
of going for public issue?
(1) Better pricing and placement with new investors
(2) Need to make continuous disclosures
(3) Increase in visibility and reputation to
the company
(4) Liquidity to existing shares
(5) None of these 42. Which of the following is not an asset of a
bank?
(1) Notes and Small coins
(2) Short Term Loans
(3) Staff Advances
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(4) Overdue Recurring Deposits
(5) None of these
43. The Base rate is set by which of the following organizations/ institution?
(1) Individual Bank
(2) Government of India
(3) Reserve Bank of India
(4) RBI in consultation with Government (5) State Bank of India
44. Which of the following is not a criterion to
select the Investment Banking?
(1) Good rapport with market
intermediaries
(2) General reputation in the market (3) Distribution net work of the
organization
(4) NO professional memberships or
incorporation are required
(5) None of these 45. The banking company has restriction to
sanction loan to
(1) Staff working in the bank
(2) Directors of the bank
(3) Students going abroad
(4) Professionals (5) None of the above
46. Which of the following business is
prohibited as per Section 8 of Banking
Regulations Act 1949?
(1) Retail Trading (2) Executing the trust
(3) Leasing
(4) Underwriting
(5) None of these
47. Which of the following is a non –
depository Institution? (1) Regional Rural Banks
(2) Mutual Funds
(3) Credit Unions
(4) Commercial Banks
(5) None of these 48. State Bank of India's new floating rate of
deposit is a directly linked to?
(1) Base Rate (2) BPLR
(3) Bank Rate (4) Inflation Rate
(5) CRR
49. Issuing of credit cards is a component of (1) Corporate banking
(2) Micro Finance
(3) Retail Banking
(4) Rural Banking
(5) None of these 50. The credit policy of a bank does not deal
with?
(1) Documentation Standards
(2) Outstanding balance in deposit
account
(3) Credit Risk management (4) Review and renewal of advances
(5) None of these
51. Banks are required to take permission
from which of the following before opening
new branch?
(1) Reserve Bank of India
(2) Securities and Exchange Board of
India (3) Indian Banks Association
(4) Planning Commission of India
(5) All
52. Which of the following is the major
function of an ATM installed by Bank? (1) To transfer money from one place to
another place
(2) To distribute cash by way of
withdrawal from ones account
(3) To detect fake currency notes
(4) To arrange currency notes in serial order and count them
(5) All of these
53. Which of the following agencies is
associated with the business of Insurance
sector as a Regulator? (1) SEBI (2) RBI
(3) AMFI (4) IRDA
(5) None of these
54. Which of the following is a private sector
Bank based in India?
(1) Loyds Banking Group (2) Lehman Brothers
(3) Yes Bank
(4) Royal Bank
(5) None of these
55. Bank doesn't provide which of the following service?
(1) Issuing Bank Drafts
(2) Depositing Money
(3) Sale of Post cards and postal stamps
(4) Lockers for valuable items/ documents
(5) Loans to individuals 56. Which of the following is NOT the name of
a Bank having branches in India?
(1) Barclays
(2) HSBC
(3) State Bank of India (4) Nyvelly Lignite Corporation
(5) Punjab National Bank
57. The loan disbursed by a bank to an
Individual for purchasing a house is
called
(1) Top Up Loan (2) Business Loan (3) Plan Finance (4) Retail Loan
(5) Credit Loan
58. Which of the following is not an
Authorized means of banking transaction
for the people in India? (1) Mobile
(2) Online
(3) Phone
(4) Visiting Individually
(5) Video Conferencing
59. Which of the following rates decided by the RBI is called "Policy Rate"?
(1) Lending Rate
(2) Cash Reserve Ratio
(3) Bank Rate
(4) Deposit Rate
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(5) Exchange Rate
60. Which of the following is an example of
cashless buying? I. ATM Withdrawal
II. Credit Card
III. Debit Card
(1) Only I (2) Only II
(3) Only III (4) Only I and III (5) Only II and III
61. In the context of banking system, what
does productivity means?
(1) Production of Service
(2) Business per employee
(3) Quality of Customer service (4) Both A and B
(5) None of these
61. Consider the following statement with
respect o Ways and Means of Advance
(WMA) : (A) These are temporary advances
extended by the RBI to the Government
(B) Section 15 (5) of the RBI Act allows
RBI to make WMA to Central Government
only.
(C) Government normally opts for WMA to bridge the interval between expenditure
and receipts and in the case of Shortfall/
mismatch in revenue and other receipts
for meeting its liabilities.
(1) Only A (2) Only B (3) Only C (4) Only A and C
(5) All of the above
62. Which of the following is/are not correct
About Non – Banking Financial
Companies (NBFCs) ?
(1) NBFCs cannot accept demand deposits (2) Deposit Insurance facility of Deposit
Insurance and Credit Guarantee
Corporation is available to depositors of
NBFCs.
(3) NBFCs don not form part of the payment and settlement system and
cannot issue cheques drawn on it.
(4) All of the above
(5) None of the above
63. Consider the following with respect to
Government Securities? (A) These are tradable instruments issued
by the Central or State Government.
(B) The Central Government issues both
treasury bills and bonds or dated
securities, which are called State Development Loans (SDLs)
(C) These Instruments acknowledge the
Government's debt.
(1) Only A (2) Only B
(3) Only C (4) All A, B and C
(5) None of These 64. Such individual who don't have bank
account can also deposit cash at the
National Electronic Fund Transfer (NEFT)
– enabled Branches with instructions to
transfer funds using NEFT. Such
remittances will be restricted to a
Maximum of ___________ per transaction.
(1) Rs. 20,000 (2) Rs. 25,000 (3) Rs. 50,000 (4) Rs. 100,000
(5) None of these
65. Which of the following term is not
associated with Economy?
(1) GDP (2) Hindu Growth Rate
(3) PPP
(4) LED
(5) None of these
66. What is expanded form of ECS as used in
Banking sector? (1) Effective Clearing System
(2) Enabled Clearing System
(3) Electronic Confirmation System
(4) Electronic Clearing System
(5) None of these 67. Consider the following taglines and
identify the bank with which of the
taglines are Associated with:
I. Pure Banking Nothing Else
II. Bankers of Every Indian
III. With you All the Way (1) Bank of Baroda
(2) Oriental Bank of Commerce
(3) Punjab National Bank
(4) State Bank of India
(5) None of these 68. Consider the following with respect to the
Foreign Exchange Reserves of India?
I. Foreign Exchange Reserves
II. Special Drawing Rights
III. Foreign Institutional Investments
Which of the above comes under the foreign exchange reserves of the country?
(1) Only I (2) Only II
(3) Only III (4) Both I and II
(5) Both II and III
69. The monetary units of the International Monetary Fund (IMF) is called
(1) Systematic Investment Plan (SIP)
(2) Global Depositary Receipts (GDR)
(3) Special Drawing Rights (SDR)
(4) Exchange Traded Funds (ETF)
(5) None of these 70. Consider the following statement with
respect to Commercial Paper (CP) ?
(A) It is an unsecured money market
instrument issued in the form of a
promissory note. (B) It was introduced in India in 1990
with a view to enabling high – rated
corporate borrowers to diversify their
sources of short – term borrowings and to
provided an additional instrument to
investors. (C) All the corporate, Primary Dealers
(PDs) and the All – India Financial
Institutions (FIs) are eligible to issue CP
unconditionally.
(1) Only A (2) Only B
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(3) Only C (4) Only A and B
(5) Only A and C
71. Which of the following statement is/are not correct?
(1) Interest on term deposit is payable at
quarterly or longer rests
(2) Banks are free to determine their
savings bank deposit interest rate, subject to a few conditions
(3) Banks cannot accept interest – free
deposits for current accounts
(4) With effect from April 1, 2010,
Payment of interest on savings bank
accounts by scheduled commercial banks would be calculated on daily product
basis.
(5) All of the above are correct
72. Consider the following categories:
(A) Agriculture (B) Micro and Small Enterprise
(C) Export Credit
(D) Housing Which of the above categories
is/ are included in the priority sector?
(1) Only A (2) Only B
(3) Only C (4) Only D (5) All A, B, C, D
73. Which of the following public sector bank
Announced recently that its Risk
Management Department has received
ISO 27001certification from the British Standard Institute (BSI) ?It is the first
among Indian Banks to receive such
certification.
(1) State Bank of India
(2) Indian Bank
(3) Bank of Baroda (4) Vijaya Bank
(5) Union Bank of India
74. As per the New Guideline issued by the
Reserve Bank of India, which of the
following categories will be given relaxation in KYC norms while opening
bank account and Borrowing from the
banks?
(1) Marginal Farmers
(2) Daily Labours
(3) Self Help Groups (4) All the above
(5) None of the above
75. While closing the business of the day, if
excess cash is found at a branch of a
bank (A) It is distributed among the present
employees
(B) It is deposited in the sundries account
(B) If claim is not received from any party
within a reasonable period, say six
months, it is credited to branch revenue. (1) Only A (2) Only B
(3) Only C (4) Only B and C
(5) All A, B and C
76. Which of the following is/are essential
features of a genuine currency note?
(1) The issuing authorities name should
be printed on it
(2) The promise clause should be there (3) The guarantee clause should be there
(4) All of the above
(5) None of the above
77. What is the purpose behind introducing of
the practice of quoting Permanent Account Number (PAN) while opening an
account with a bank?
(1) To ensure that bank accounts provide
information about tax revenue
(2) To ensure that bank accounts are
opened by the customers following proper procedures
(3) To Ensure that more people are
brought under tax net and voluntary
compliance of tax procedures
(4) All of the above (5) None of the above
78. Deposits in Public Provident Fund (PPF)
Accounts can be made how many times
within a Year?
(1) Three Times (2) Six Times
(3) Nine Times (4) Twelve Times (5) There is no Such limits
79. Banks keep notes/ coins in Currency
Chest on Behalf of which of the following?
(1) Their own self
(2) The Central Government (3) The Reserve Bank of India
(4) Their Head Office
(5) DICGC
80. Who among the following is not an
Economist?
(1) Amartya Sen (2) Muhammad Yunus
(3) Octavio Paz
(4) Peter A Diamond
(5) Dale I Mortesen
81. Which of the following is not a Negotiable Instrument?
(1) Pay Order
(2) Cheque
(3) Bill of Exchange
(4) Ware House Receipt
(5) All are Negotiable Instrument 82. What is the main function of International
Monetary Fund (IMF) ?
(1) Arrange International deposits from
banks
(2) Act as private sector lending arm f the World Bank
(3) Help to solve balance of payment
problems of member countries
(4) Finance Investment loans to
developing countries
(5) None of the above 83. Which of the following is the biggest
Borrower in India?
(1) Government of India
(2) Reserve Bank of India
(3) State Governments
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(4) Indian Railways
(5) Public Sector Undertakings
84. Which of the following would result in the
fall in asset prices?
(1) High Liquidity in economy
(2) Low Liquidity in economy
(3) RBI increasing the reserve repo rates (4) RBI allows more banks to play
(5) None of these
85. Which of the following Organization/
Institution will set up core banking
infrastructure for rural banks?
(1) NABARD (2) RBI (3) SIDBI (4) IBA
(5) None of these
86. Which of the following terms is used in
Banking field?
(1) Input Devices (2) Zero Hour
(3) Interest Rate Swap
(4) Sedimentary
(5) Privilege Motion
87. Which of the following is not a Public
Sector Unit? (1) HPCL (2) HAL
(3) SAIL (4) YES Bank
(5) IDBI Bank
88. Bank branches which undertake foreign
exchange business directly are known as ___________ in foreign exchange?
(1) Foreign Dealers
(2) Authorized Dealers
(3) Overseas branches
(4) Approved Branches
(5) Exchange branches 89. Loans of very small amounts given to low
income groups is called –
(1) Cash Credit
(2) Rural Credit
(3) Micro Credit (4) Simple Overdraft
(5) No Frill Loans
90. Which of the following is not a salient
feature of Debit Card?
(1) No Bad debts to banks and no suits for
recovery (2) No Interest earning for banks
(3) Works like a normal withdrawal
(4) Can be used at ATM and POS
(5) 45Days credit given to the Customer
91. Banks issue a letter to beneficiary on behalf of its constituents like guarantee
for making payment on their behalf on
fulfilment of its terms and conditions.
What is this Arrangement known in
Banking context?
(1) Line of Credit (2) Letter of Credit
(3) Loan to client
(4) Loan on Credit
(5) Loan against Credit
92. When a Bank provides a loan for
purchase of White Goods, it is categorised
as – (1) Consumption loan
(2) White Goods Loan
(3) Consumer Durable Loan
(4) Working Capital
(5) Bridge Loan 93. With reference to a cheque which of the
following is the Drawee Bank?
(1) The Bank that collects the cheque
(2) The Payee's Bank
(3) The endorsee's Bank
(4) The endorser's Bank (5) The Bank upon which the cheque is
drawn
94. Which of the following is correct
statement?
(1) Normally no interest is paid on current deposit
(2) Interest is paid on current accounts at
the same rate as term deposit accounts
(3) The rate of interest on current account
and savings account are the same
(4) No interest is paid on any deposit by the bank
(5) Savings deposits are the same as
current deposits
95. Fixed deposits recurring deposits are –
(1) Repayable on demand or after an agreed period as per bank's choice.
(2) Repayable after an agreed period
(3) Repayable on demand
(4) Repayable after death of depositors
(5) Not repayable
96. The usual deposit accounts of banks are (1) Current Accounts, electricity accounts
and insurance premium accounts
(2) Current accounts, Post Office savings
bank accounts and term deposit accounts
(3) Loan accounts, savings bank accounts and term deposit account
(4) Current bill accounts and term deposit
accounts
(5) Current accounts, savings bank
accounts and term deposits accounts
97. Financial Inclusion means provision of – (1) Ration at affordable cost to person not
yet given the same
(2) House at affordable cost to the person
not yet given the same
(3) Financial Services namely, payments, remittances, savings, loans and insurance
at affordable cost to person not yet given
the same
(4) Food at affordable cost to person not
yet given the same
(5) Education at affordable cost to person not yet given the same
98. Which of the following is known as cross
selling by Banks?
(A) Sale of credit card to a debit card
holder
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(B) Sale of a Insurance Policy to a
depositor
(C) Issuance of Cash against Cheque presented by a third party
(1) Only A (2) Only B
(3) Only C (4) Both A and C
(5) All A, B and C
99. Which of the following is not a measure to control inflation adopted by the
Government or Reserve Bank of India
(RBI)
(1) Monetary Policy
(2) Fiscal Policy
(3) Public Distribution System (4) Price Control
(5) Financial Inclusion
100. India's first indigenous payment gateway
is
(1) India Payment (2) India Pay
(3) India Expenditure
(4) India Challan
(5) None of these
101. Which committee launched the process of
reforms of Financial system in India? (1) Nariman Committee
(2) Khanna Committee
(3) Gadgil Committee
(4) Narishimham Committee
(5) None of these 102. The instrument which provides
proprietary interest in company and
which entitles a person to dividend on
profits is called
(1) Share (2) Bond
(3) Debenture (4) Warrant (5) None of these
103. Which of the following don not attract Tax
Deduction at Source(TDS) ?
(1) Fixed Deposits
(2) Reinvestment Deposit (3) Recurring Deposit
(4) NRO FDR
(5) NRO SB
104. Which of the following provides a proper
definition of Mutual Fund?
(1) These Members want to invest in financial instrument
(2) They want to invest in financial
instrument assets of business sector
(3) It is an association of members of
public (4) All of the above
(5) None of the above
105. Which of the following bank was not
Nationalized during the first phase of
Bank Nationalization in 1969?
(1) Punjab National Bank (2) Bank of India
(3) Union Bank of India
(4) Bank of Baroda
(5) Oriental Bank of Commerce
106. Which of the following is a type of
Anticipatory letter of credit?
(1) Yellow Clause letter of credit (2) Green Clause letter of credit
(3) Revolving letter of credit
(4) Back to Back letter of credit
(5) None of these
107. During the first round of Bank Nationalized in 1969, Fourteen major
banks were nationalized with liability base
of?
(1) Rs 10 Crore (2) Rs 20 Crore
(3) Rs 50 Crore (4) Rs 100 Crore
(5) None of these 108. National Stock Exchange (NSE) has
launched countries first dedicated debt
trading platform. Which of the
following is / are the functions of the debt
trading platform? (1) The debt trading platform is supposed
to provide retail investors an opportunity
to invest in corporate bonds on a liquid
and transparent exchange platform.
(2) Bank and primary dealers are the first
to enter and they will provide enough liquidity in the debt segment.
(3) The mutual funds, insurance
companies and pension funds are also
expected to participate after guidelines for
the same are issued by SEBI. (1) Only A
(2) Only B
(3) Only C
(4) All of the Above
(5) None of these
109. Banking Ombudsman (1) Fixed the rates of interest for loans
(2) Is in charge of bank loans for buses
(3) Issues licences for new bank branches
(4) Resolves complaints of customer
(5) None of these 110. Which of the following organizations/
Agencies works solely to monitor and
arrange flow of agriculture credit in India?
(1) SIDBI (2) RBI
(3) NABARD (4) SEBI
(5) None of these 111. Service Area approach is associated with?
(1) Industrial Finance
(2) Rural Finance
(3) Micro Finance
(4) Consortium Finance (5) None of these
112. Interest on Government securities on
Fixed Basis is known as
(1) Prime Lending Rate
(2) Bank Rate
(3) Bench Mark Prime Lending Rate (4) Coupon
(5) None of these
113. Which of the following is not correct about
the power of Reserve Bank of India?
9
(1) Controls Banking system through
licensing
(2) Supervises Banking system through inspection
(3) Holds cash reserve of banks
(4) All of the above are correct
(5) All of the above are incorrect
114. Which of the following Bank opened a lockless branch at Shani Shingnapur in
Maharastra respecting the local customs?
(1) State Bank of India
(2) Bank of India
(3) United Bank of India
(4) UCO Bank (5) Bank of Baroda
115. When the customers withdraws cash from
ATM, the banker and customer
relationship is?
(1) Creditor and Debtor (2) Debtor and Creditor
(3) Lessor and Lessee
(4) Agent and Principal
(5) None of these
116. In India Foreign Exchange Rates are
determined by (1) Importers
(2) Exporters
(3) Reserve Bank of India
(4) Ministry of Commerce
(5) Demand and Supply Force 117. Which of the following resources cannot
be Securitized?
(1) Credit Card Receivables
(2) Hire Purchases Receivable
(3) Credit Balances outstanding in cash
accounts (4) Mortgage in lieu of future payments
(5) None of these
118. Regional Rural Banks (RRBs) were setup
on the recommendations of
(1) Puri Committee (2) Nariman Committee
(3) Gadgil Committee
(4) Narasimham Committee
(5) All india rural credit survey committee
119. Security Printing Press was established in
1982 at (1) Mumbai (2) Kolkata
(3) New Delhi (4) Chennai
(5) Hyderabad
120. Which of the following committee is
relating to Micro Financing? (1) Nayak Committee
(2) Narasimham Committee
(3) Vyas Committee
(4) Tandon Committee
(5) None of these
121. Which of the following is not an Imperfect note?
(1) Oiled Note (2) Bleached Note
(3) Washed Note (4) Mutilated Note
(5) None of these
122. In which part of pre – Independence India
many banks were established, which is
called the 'Cradle of Indian Banking System'?
(1) Northern Assam
(2) Undivided Bengal
(3) Southern Karnataka
(4) Southern Tamilnadu (5) Western Maharashtra
123. SLR is maintained as a percentage of
(1) Time liabilities
(2) Demand liabilities
(3) Time and Demand liabilities
(4) Gross Time and Demand liabilities (5) Net Time and Demand liabilities
124. The credit policy laid down by the top
management of a bank does not deal
with?
(1) Pricing of the Credit Products (2) Documentations standards
(3) Credit Risk Management
(4) Appraisal or Time and Demand
deposits
(5) None of these
125. Which of the following is one of the three pillars of new Basel Capital Award?
(1) Market Discipline
(2) International Market relations
(3) Market Competitions
(4) Market rapport (5) None of these
126. Which of the following is an income for a
Bank?
(1) Interest on Interbank borrowings
(2) Profit on revaluation of investment (3) Depreciation on Bank's property
(4) Provisions made on account of write –
offs
(5) None of these
127. Which of the following is not augmented feature of a credit card?
(1) Personal Accident Insurance
(2) Cash withdrawals
(3) Issue of deferred guarantee
(4) Add – on facility
(5) None of these 128. Which of the following is not the function
of Commercial Bank?
(1) Intermediation in Financial Services
(2) Regulating the issue of Bank Notes
(3) Providing transaction services (4) Providing transformation services
(5) None of these
129. Which of the following is not the name of
a Bank functioning in India?
(1) UCO Bank (2) Dena Bank
(3) Aegon Religare (4) Indusind bank (5) None of these
130. Many a times, we read in newspapers that
some big banks have revised their lending
rates to make them dearer or cheaper.
10
(A) Though the decision to raise the
lending rates is always in the hands of the
banks normally they announce this decision of theirs:
(B) When the Reserve Bank of India
makes changes in its policy rates.
(C) When the Monetary and Credit Policy
of the Reserve Bank of India is reviewed periodically.
(D) Immediately after the Union Budget is
presented in the Lok Sabha every year.
(1) Only 1 (2) Only 2
(3) Only 3 (4) Only 1 and 2
(5) All 1, 2 and 3 131. Cash Reserve Ration(CRR) funds are kept
by the Banks in
(1) Cash in hands at branches
(2) Balances with other banks
(3) Balance in a special account with RBI (4) Funds in the currency chest
(5) None of the above
132. The Shipping Guarantee is a Type of a
letter of credit
(1) Guarantee issued by the ship captain
to the purchaser (2) Deferred payment guarantee issued by
a
(3) Banker at the request of the consignee
when the documents are not yet received
and goods are received, for facilitating the delivery of goods
(4) Guarantee issued to the borrower
towards the loan granted by the shipping
company
(5) None of them
133. Who said the nationalization of banks is the 'masterstroke of political sagacity'?
(1) Raj Narayan
(2) Jayprakash Narayan
(3) Indira Gandhi
(4) JL Nehru (5) None of them
134. Which of the following is no one of the RBI
directives on Clean Note policy?
Currency note packets are not to be
stapled and secured with paper bands
(1) Water mark window of bank notes shall not contain any writing
(2) Soiled notes are to be stapled before
they are remitted to currency chest
(3) Currency notes are to be sorted in to
issuable (4) And non – issuable notes
(5) None of the above
135. The relationship between RBI and the
Bank maintaining the currency chest is
that of?
(1) Debtor and Creditor (2) Bailor and Bailee
(3) Creditor and Debtor
(4) Principal and Agent
(5) None of the above
136. Which banks are referred as the Schedule
Banks?
(1) Included in the 2nd schedule of the Banking Regulation Act 1949
(2) Included in the 2nd schedule of the
Reserve Bank of India Act 1934
(4) Included in the 2nd schedule of the
Companies Act 1956 (5) Included in the Bank Nationalization
Act 1969
(5) None of these
137. The Interest on Recurring Deposit is paid
on the basis of?
(1) Simple Interest calculated monthly basis
(2) Simple Interest on monthly product
basis
(3) Interest calculated on daily product
basis (4) Quarterly Compounding
(5) None of these
138. Bad Debts mean?
(1) Amounts owe to a company that are
not going to be paid
(2) Amounts owe to a company that are going to
(3) Be paid Amounts owe to a company
that are going to
(4) Be paid within 2 years
(5) Amounts owe to a company that are going to Be paid within 8 years
139. When Banks accept a fixed sum of money
from an Individual for a definite term and
pay on Maturity with interest, the deposit
is known as
(1) Demand Deposit (2) Term Deposit
(3) Mortgage
(4) Advances
(5) Bond
140. Many times we read in newspapers that several companies are adopting the
FCCB's route to raise capital. What is the
full form of FCCBs?
(1) Financial Consortium and Credit
Bureau
(2) Foreign convertible credit bonds (3) Foreign Currency Convertible Bonds
(4) Future Credit and Currency Bureau
(5) None of these
141. Inflation in India is measured on which of
the following Indexes/ Indicators? (1) Cost of living index (COLI)
(2) Consumer Price Index (CPI)
(3) Gross Domestic Product (GDP)
(4) Wholesale Price Index (WPI)
(5) None of these
142. The Government of India is planning to bring second Green Revolution in India.
This will be launched specifically for
which of the following parts of the
country?
(1) Jammu and Kashmir
11
(2) North East and Eastern Region
(3) Central India
(4) South Indian (5) None of these
143. Which of the following is a leading
electronic payment technology firm?
(1) BSE (2) Max
(3) GE (4) Visa (5) SWAP
144. In 1993, a Nationalized bank was merged
with Punjab National Bank (PNB) . What
is the name of that Bank?
(1) Bank of Baroda
(2) Global Trust Bank (3) New Bank of India
(4) Bank of India
(5) None of these
145. Which of the following is a function of the
agent bank relating to flow of money in the process of loan syndication?
(1) Calling of loans in the event of default
(2) Receiving notices relating to
cancellation of any part of the loan
(3) Receiving notices relating to transfers
of banks (4) Receiving the fees from the borrower
and distributing among the participating
banks
(5) None of these
146. Global Market means market of (1) USA
(2) UK
(3) China
(4) European Union Countries
(5) All major countries and their alliances
147. Which of the following is not a financial Intermediary in the financial market?
(1) Pension Funds
(2) Small Scale Services Institute
(3) Life Insurances Companies
(4) Credit Unions (5) None of these
148. Regional Rural Banks (RRBs) have been
setup with the basic objectives of
(1) Providing Deposit facilities to farmers
(2) Providing credit to semi urban and
urban population (3) Providing credit, deposit and other
banking facilities to people in rural areas
(4) Providing credit and deposit facilities
to rural areas
(5) None of them 149. Some banks are financing projects like
"Construction Roads/Bridges etc.
Financing such projects means banks are
helping exactly in —
(1) Developing Core Sector Industry
(2) Project Management (3) Infrastructural Development
(4) Financial Inclusion
(5) All of these
150. As we know lot of new concepts are being
used in the field of banking these days.
Which of the following is NOT one such
concept/product directly associated with
banks? (1) E – payment
(2) SMS Alert
(3) ATM/Debit Card
(4) Demat Account
(5) Number Portability 151. Which of the following is NOT a
Nationalized Bank in India?
(1) Union Bank of India
(2) Central Bank of India
(3) Yes Bank
(4) Syndicate Bank (5) Indian Bank
152. Sub – prime lending refers to
(1) Lending to the customers who are
most valued for the bank.
(2) Lending to the customers who come to the bank for the very first time
(3) Lending to the people with less than
standard credit status
(4) Lending to the people who live a sub –
standard life.
(5) None of these 153. Which of the following cannot be a feature
of a Debit card?
(1) These cards cannot be used as POS
Centres
(2) Banks earn huge amount as penalties for defaulting on payment through these
cards.
(3) Can be used normal withdrawals.
(4) Only 1 and 2
(5) All 1, 2 and 3
154. The Banking Ombudsman is in charge of bank loans for buses fixes the rates of
interest for loans resolves complaints of
customer is the head of all nationalized
bank none of these Insurance cover for
bank deposits in our country is provided by
(1) SBI
(2) Government of India
(3) DICGC
(4) GIC
(5) None of these 155. The drawee of a cheque can be
(1) One person
(2) Two person
(3) Any legal or juristic person
(4) A bank (5) None of these
156. Which of the following is an economic
term?
1) Plaintiff 2) Bunker
3) Lampoon 4) Deflation
5) None of these 157. The following contains an order to pay
money
1) Bill of exchange 2) Cheque
3) Promissory Note 4) Only (1) and (2)
5) None of these
12
158. Which of the following organizations /
agencies is not associated with the world
of banking and finance? 1) SEBI 2) AMFI
3) RBI 4) ECGC
5) ONGC
159. The financial results of banks and other
organizations normally are expressed in quarters. What does Q – 1 means?
1) Results of January – March
2) Performance during April – June
3) Profits during July – September
4) The period when the profits were
highest 5) None of these
160. Which of the following certainly is an
effort in the direction of Financial
Inclusion? 1) No – frills Accounts
2) Foreign Currency Accounts
3) Internet Banking
4) Anywhere Banking
5) All of these
161. How many banks were nationalized in July 1969, when first Nationalization took
place?
(1) 5 (2) 8
(3) 10 (4) 14
(5) None of these 162. Which of the following is called the
Bankers' Bank in India?
1) State Bank of India
2) Central Bank of India
3) Reserve Bank of India
4) NABARD 5) None of these
163. Who amongst the following CANNOT work
as a 'Business Correspondent, as given in
the scheme launched by the banks?
1) Self Help Group 2) Post Office
3) Kirana Store
4) A Bank Officer
5) Cooperative Society
164. Where is the Headquarter of Indian Bank
located? 1) Mumbai 2) New Delhi
3) Mangalore 4) Chennai
5) Kolkata
165. Who amongst the following Padma
Bhushan Awardees is a famous banker? 1) Mr. Azim H. Premji
2) Ms. Chanda Kochhar
3) Ms. Kapila Vatsyayan
4) Mrs. Waheeda Rehman
5) Mr. Brajesh Mishra
166. Whose signature does a one rupee note bear –
1) Governor of RBI
2) Dy. Governor of RBI
3) Finance Minister
4) Finance Secretary
5) None of these
167. We often heard about M – Banking. What
does M stands for? 1) Money 2) Memory
3) Mobile 4) Mobility
5) None of these
168. 'Global Market' means market of
1) USA 2) China
3) OPEC members
4) European Union Countries
5) All major countries and their alliances
169. What is the full form of 'CRR' as used in
banking sector? 1) Crucial Reserve Rate
2) Credit & Reserve Ratio
3) Compulsory Return Rate
4) Cash Reserve Ratio
5) None of these 170. What is the full form of LAF, the term
used in banking world very frequently?
1) Legal Adjournment Formality
2) Liquid Advance & Finance
3) Liquidity Adjustment Facility
4) Late Arrival of Finance 5) Local Advance Finance
171. Where is the headquarter of the
International Monetary Fund (IMF) ?
1) Geneva
2) Washington DC 3) London
4) Manila
5) Paris
172. Whenever somebody needs foreign
currency against Indian Rupee, banks
give equivalent amount of desired currency based on prevalent
1) Bank rate 2) Currency rate
3) Policy rate 4) Exchange rate
5) Base rate
173. Foreign currencies are represented in various abbreviations. What is
meant by USD?
1) UAE Dinar
2) US Dollar
3) Unit of Currency of Denmark
4) Ukrainian Soviet Dollar 5) None of these
174. Many Regional Rural Banks were given
licenses to open branches in small cities
and towns. These licenses were given
by – 1) Indian Banks' Association
2) NABARD
3) RBI
4) Cabinet Committee on economic affairs
5) None of these
175. Banks recover term loan from the parties in EMIs. What the letter 'E' represents in
the term?
1) Easy 2) Effective
3) Equated 4) Essential
5) Economical
13
176. Which of the following is NOT a scheduled
Commercial Bank?
1) HDFC Bank 2) Axis Bank 3) IDBI Bank 4) NABARD
5) SBI
177. Which of the following Acts is specially
launched to facilitate banks in recovery of
bad loans? 1) RBI Act
2) Banking Regulation Act
3) SARFAESI Act
4) Companies Act
5) Income Tax Act
178. Which of the following organizations /
agencies works solely to monitor and
arrange flow of agriculture credit in India?
1) NABARD 2) SIDBI
3) RBI 4) SEBI 5) None of these
179. The RBI has decided to stop circulation of
the coin of which of the following
denominations from June 2011?
1) 50 p. 2) Rs 1
3) Rs 2 4) 25 p. 5) Rs. 5
180. Insurance companies in India are
regulated by
1) RBI 2) AMFI
3) SEBI 4) IRDA 5) NABARD
181. Department of Economic Affairs is part of
which of the following Ministries?
1) Ministry of Home Affairs
2) Ministry of Planning
3) Ministry of Finance 4) Ministry of Heavy Industries & Public
Enterprises
5) Ministry of Rural Development
182. The currency notes of which of the
following denominations are not printed in India?
1) Rs 5 2) Rs 10
3) Rs 50 4) Rs 1,000
5) Rs 2,500
183. Union Budget which is presented every
year in the parliament is also known as 1) Annual Budget
2) Common Budget
3) General Budget
4) Finance Report of the year
5) Statement of Allocation of funds 184. Which of the following is not the name of
a bank, functioning in India?
1) Central Bank of India
2) Aegon Religare
3) United Bank of India
4) Dena Bank 5) Citi Bank
185. When banks accept a fixed sum of money
from an individual for a definite term and
pay on maturity with interest, the deposit
is known as
1) demand deposit 2) term deposit
3) bond 4) mortgage
5) advance 186. Which of the following terms is NOT used
in Banking/Finance related matters?
1) Discount Rate
2) Letter of Credit
3) Cheque Clearing 4) General Ledger
5) Law of Motion
187. Which of the following is a leading
electronic payment technology firm? (The
logo of the firm can be seen printed on
credit cards/ATM centres etc.) 1) Visa 2) Max
3) BSE 4) Sensex
5) SWAP
188. All regional rural banks (RRBs) are
required to maintain their entire statutory liquidity ratio (SLR) in
1) Current accounts with sponsor banks
2) Time deposits with sponsor banks
3)Government and other approved
securities
4) Gold holdings only 5) All of the above
189. The Regulatory Authority for Regional
Rural Banks is
1) RBI and NABARD
2) Central Government 3) State Government
4) Sponsor bank
5) All of the above
190. Through which of the following the funds
to the projects aided by the World Bank
and the International Monetary Fund (IMF) are distributed?
1) Regional Branches of RBI
2) NABARD
3) Integrated Rural Development
Programme 4) Agriculture Refinance and Development
Corporation
5) Ministry of Finance
191. Which of the following conditions are
required to be fulfilled by a Regional Rural
Bank to be eligible for opening of new branches?
1) It should not have defaulted in
maintenance of SLR and CRR during the
last two years
2) Its net worth should show improvement and its net NPA ratio should not exceed 8
per cent
3) It should be making operational profits
4) Only (1) and (2)
5) All of the above
192. Co – operation as a form of economic activity was formally recognized in India
in the year 1904 when
1) Mahatma Gandhi inaugurated the first
Indian co – operative bank
14
2) The first co – operative bank was
established in Bombay
3) The first Co – operative Societies Act was passed
4) All of the above
5) None of the above
193. Which of the following is NOT a part of
India‘s Money Market? 1) Bill Market
2) Call Money Market
3) Banks
4) Mutual Funds
5) Indian Gold Council
194. Under the Banking Regulation Act, 1949,
which of following is not qualified to be
called as banks in the co – operative
sector?
1) Urban Co – operative Banks 2) Primary Agricultural Credit Societies
3) State Co – operative Banks
4) Central Co – operative Banks
5) All of the above
195. Which of the following public sector banks
has recently celebrated it centenary year? 1) Central Bank of India
2) Allahabad Bank
3) State Bank of India
4) Bank of Maharashtra
5) Bank of Baroda 196. The primary function of a central co –
operative bank is to
(1) Yo channelize the flow of funds from
the State co – operative banks
(2) Mobilize the resources in the district
for financing its members to the maximum extent possible
3) Both of these
4) Only 2
5) None of the above
197. Which of the following Bank in 2012 has celebrated it 30th year of continuous
service?
1) RBI
2) SIDBI
3) Central Bank of India
4) NARARD 5) SBI
198. For which of the following, the Reserve
Bank of India has stipulated the
maximum capital adequacy requirement?
1) Private sector banks 2) Banks that undertake insurance
business
3) Local Area Banks
4) Scheduled Commercial Banks
5) None of these
199. Paid – up share capital of Regional Rural Bank is contributed by
1) Central Government only
2) State Government only
3) Central Government, State Government
and the sponsor commercial bank in the
ratio of 50 : 15 : 35 respectively 4) NABARD, the concerned State
Government and the sponsor commercial
bank in the ratio of 60 : 20 : 20
respectively
5) All of the above 200. Regional Rural Banks are empowered to
transact the business of banking as
defined under
1) Regional Rural Banks Act, 1976
2) Negotiable Instruments Act, 1881
3) Banking Regulation Act, 1949 4) The Banking Companies (Acquisition
and Transfer of Undertakings) Act, 1970
5) None of the above
201. Regional Rural Banks are managed by 1) Reserve Bank of India
2) The state government
3) The sponsor bank
4) A board of directors
5) All of these
202. The Difference between Gross Domestic product and Net Domestic product is
1) Government Revenue
2) Net Indirect Tax (Indirect Tax Subsidy)
3) Consumption of fixed Capital
4) Net Capital Formation 5) None of these
203. Under which category will you classify
Regional Rural Banks?
1) Scheduled Commercial Banks
2) Co – operative banks
3) Private sector banks 4) Development banks
5) None of these
204. From which of the following financial
organizations of the world, India had
taken soft loan for recapitalization of banks?
1) Asian Development Bank
2) International Monetary Fund
3) International Donors‘ Group
4) World Bank
5) Bank of China 205. On the current account balances
maintained by the Regional Rural Banks
with them, the commercial banks may
1) Pay interest up to 9 per cent
2) Pay interest at such rates as may be mutually agreed to
3) Pay interest as applicable to savings
accounts
4) Waive incidental charges
5) All of the above
206. Where is the Headquarter of Asian Development Bank (ADB) located?
1) Manila 2) Singapore
3) Frankfurt 4) Bangkok
5) Kathmandu
15
207. The head quarter of Bank of India is
located in which of the following city?
1) Kolkata 2) New Delhi 3) Mumbai 4) Manipal
5) Chennai
208. Which of the following statements are
correct in regard to foreign banks
operating in India? 1) 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
2) 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
3) Foreign banks would be allowed to open more than the existing WTO
commitment of 12 branches in a year
4) Only (1) and (2)
5) All of the above
209. The issued/paid – up capital of a Regional Rural Bank should be
1) Rs. 5 lakh
2) Minimum Rs 25 lac and maximum Rs
100 lac
3) Rs. 80 lac 4) Rs 60 lac
5) None of the above
210. Regional Rural Banks are classified as
1) subsidiaries of NABARD
2) subsidiaries of the sponsor banks 3) scheduled commercial banks
4) All of the above
5) None of the above
211. In which city the Bank of International Settlements (BIS) located?
1) New York 2) Basel
3) Washington 4) Davos
5) Paris
212. Foreign exchange reserves of India are kept in the custody of which of the
following?
1) International Bank for Reconstruction
and Development
2) Reserve Bank of India 3) State Bank of India
4) International Monetary Fund
5) Government Treasury
213. Which of the following is the oldest public
sector bank of India having branches all over the country and serving for the last
147 years and even today?
1) Bank of India
2) Punjab National Bank
3) Allahabad Bank
4) State Bank of India
5) None of these
214. Biometric ATMs have been introduced by
many banks recently, to cater to which
type of customers?
1) Urban customers
2) Non – Resident Indians 3) People with dubious characters
4) Rural and illiterate people
5) Bank employees
215. Which of the following is also known as
the National Bank? 1) Reserve Bank of India
2) Asian Development Bank
3) State Bank of India
4) NABARD
5) None of these
216. Which of the following Acts has specially
been enacted to help banks deal with bad
loans?
1) Negotiable Instrument Act
2) Banking Regulation Act 3) SARFAESI Act
4) Companies Act
4) Offshore Banking Act
217. For opening a new branch, a Regional Rural Bank requires
1) Permission of NABARD
2) Permission of Director, Institutional
Finance
3) Approval of DRDA
4) RBI license 5) All of the above
218. 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?
1) Bank rate
2) Open market operations
3) Stipulation of certain minimum margin
in respect of advance against specified commodities
4) Variable reserve requirements
5) None of these
219. 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?
1) Regional Rural Banks 2) Local Area Banks
3) Private sector banks
4) Land Development Banks
5) All of the above
16
220. 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?
1) Refusal of a licence or cancellation of
an existing licence 2) Merge the bank with any public sector
bank
3) Applying to the Central Government for
an order of moratorium and thereafter
reconstructing or amalgamating the bank
with another bank 4) All of the above
221. Which of the following statements about
Local Area Banks are correct?
1) 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
2) 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
all 40 per cent target for priority sector
3) Local Area Banks are registered as a
public limited company under the
Companies Act, 1956 4) Only (1) and (2)
5) All of the above
222. Life Insurance Corporation of India is a
____________?
1) Department of Govt. of India 2) Independent Body
3) Corporation established by a special
Act of Parliament
4) Company established under Companies
Act 1956 5) Non – Governmental Organization
(NGO)
223. Which of the following bank became the
first in India to be fully computerized?
1) State Bank of India 2) Punjab National Bank
3) Bank of Baroda
4) Bank of India
5) Union Bank of India
224. Demand of which among the following will
be called as Direct Demand?
1) Weaving Machine
2) Wool for Factory
3) Sweater
4) Wool for making gloves 5) None of these
225. The ‗No Frill Accounts‘ facility provided by
the banks is aimed at which of the
following categories of people?
1) Corporate world
2) Senior citizens
3) Current account holders 4) Poor people
5) Government employees
226. In the context of banking business, the
increasing trend in the Burden Bearing Ratio would show the following?
1) Less burden bearing capacity of the
bank
2) More burden bearing capacity of the
Bank
3) Gradual increase in the bad debts 4) Improvement in the business growth
5) None of these
227. Under the ‗Swabhiman‘ above how much
population the government has decided to provide banking facilities to unbanked
areas?
1) 2000 2) 3000
3) 4000 4) 5000
5) 6000
228. The term ‗moral suasion‘ refers to
1) The moral duty of a borrower to deal
with only one bank
2) 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
3) The banker‘s duty of secrecy as regards
the affairs and accounts of his customers
4) All of the above 5) None of the above
229. When the Reserve Bank of India(RBI) is
the lender of last resort, what does it
mean? 1) RBI advances money to public
whenever there is any emergency
2) Commercial banks give fund to the RBI
3) RBI advances necessary credit against
eligible securities
4) All of the above 5) None of the above
230. Which public sector bank of India is the
first fully Indian bank, established by the
Indian national? 1) Allahabad Bank
2) Central Bank of India
3) State Bank of India
4) Punjab National Bank
5) Bank of Baroda
231. Which one of the following is not a money
market instrument?
1) Repo
2) A negotiable Certificate of Deposit
3) Commercial Paper
17
4) A Treasury Bill
5) Treasury Bond
232. Resources of Land Development Banks
operating in the country are raised by
1) Share capital from members which is
linked to their borrowings from the bank
2) Reserves created out of profits 3) Borrowings comprising of interim
accommodation, deposits and debentures
4) Only 3
5) All of the above
233. Land Development Banks provide long – term credit for schemes of basic
importance to agriculture as
mechanization of agriculture i.e., loans for
purposes of tractors, power tillers,
threshers etc 1) Land reclamation, soil conservation,
plantation of fruit orchards, dairy
development schemes etc. involving
heavy expenditure
2) Minor irrigation purposes like wells,
dug – cum – bore wells, tube wells, pump sets and irrigation tanks
3) Only (1) and (2)
4) All of the above
234. The paid – up capital of Non – Schedule Bank is less than
1) Rs 5 lakh 2) Rs 10 lakh
3) Rs 12 lakh 4) Rs 15 lakh
5) None of the above
235. In periods of depression when the Reserve Bank of India (RBI) desires to encourage
the banking system to create more credit,
what it does?
1) Permits the Bank Rate to be decided by
market forces 2) Raises the Bank Rate
3) Reduces the Bank Rate
4) All of the above
5) None of the above
236. In terms of section 5 (1) (e) of the Banking Regulation Act, 1949, a 'banking
company' means any comps – which
1) Transacts the business of banking in
India
2) Undertakes lending of money 3) Accepts deposits from public and
invests the same as trade and industry
4) Accepts deposits from the public
5) All of the above
237. In periods of boom, which leads to economic instability, the Reserve Bank of
India (RBI) resorts to?
1) Hike in the Bank Rate as a measure of
open market operations
2) Buying of approved securities in the
market as a measure of open market
operations 3) Sale in the market of first class
securities in its possession to reduce the
supply of money as a measure of open
market operations
4) All of the above 5) None of the above
238. Bank rate means –
1) The rate of interest charged by
commercial banks on advances
2) The rate at which the Reserve Bank of India is prepared to buy or re – discount
bill of exchange other commercial papers
eligible for purchase under the Reserve
Bank of India Act, 1934
3) The rate of interest allowed by banks on the deposits
4) The rate at which commercial banks
discount bills of exchange for their clients
5) None of the above
239. The merchant banking activities in India are governed by which of the following
bodies?
1) RBI 2) IRDA
3) SEBI 4) Union Finance
Ministry 5) Both RBI & SEBI
240. Which of the following types of
institutions operate in call money market
only as lender?
1) Primary dealers 2) State Bank of India
3) Commercial banks
4) Insurance companies
5) None of the above
241. In the year 1966, the Reserve Bank of
India(RBI) set up the All India Rural
Credit Review Committee in order to
1) Establish Regional Rural Banks
2) Establish NABARD
3) Reassess the developments that took place in the field of rural credit since
1954, i.e. subsequent to submission of
the report of the All India Rural Credit
Review Committee.
4) All of the above 5) None of the above
242. ATM cards are issued to a person who
maintains any of the following accounts
with a bank
1) Saving bank account 2) Term deposit account
3) Current account
4) Loan or Cash Credit account
5) Either 1) or 3)
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243. The availability of cash and other cash –
like marketable instruments that are
useful in purchases and investments are commonly known as
1) Marketability 2) Cash crunch
3) Credit 4) Liquidity
5) None of these
244. The land development banks play a
crucial role in
1) Developing allied activities in rural
sector
2) The provision of investment credit for
agriculture 3) Expanding social forestry
4) Providing crop loans to the farmers
5) None of the above
245. The Indian Rupee is a 1) Token coin
2) Gold coin
3) Standard coin
4) Standard – token coin
5) None of the above
246. Reserve Bank of India (RBI) , with regard
to RTGS, has decided that
1) Settlement of transactions of the
clearing corporation of India and the
stock market would be conducted through RTGS
2) There would be no floor ceiling for
routing transactions through RTGS
3) RTGS would be accessible to all retail
customers
4) All of the above 5) None of these
247. Which of the following is not correct about
the acceptance of deposits by the Non –
Banking Financial Companies (NBFCs) ? 1) Their deposits are not insured.
2) The repayment of deposits by NBFCs is
guaranteed by the RBI.
3) They should have minimum investment
grade credit rating.
4) They are allowed to accept/renew public deposits for a minimum period of
12 months and maximum period of 60
months.
5) They cannot accept deposits repayable
on demand.
248. Participatory Notes (PNs) are associated
with which one of the following?
1) Foreign Institutional Investors
2) Consolidated Fund of India
3) Foreign Direct Investors 4) United Nations Development
Programme
5) None of these
249. 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?
1) Guarantee 2) Nomination 3) Registration 4) Indemnity
5) Will
250. Interest on savings bank account is now
calculated by banks on:
1) Maximum balance during the month 2) Minimum balance during the month
3) Daily product basis
4) Minimum balance from 7th to the last
day of the month
5) Minimum balance from 10th to last day of the month
251. The recommendation that Development
Financial Institutions (DFIs) should
convert ultimately into either commercial
banks or non – bank finance companies was given for the first time by the
1) Khan Working Group
2) Nayak Committee
3) Tarkande Committee
4) Nrasimham Committee II 5) Tandon Committee
252. Which of the following
institutions/entities have been merged
into ICICI Bank to make it an universal
bank 1) Industrial Credit and Investment
Corporation of India Ltd
2) ICICI Capital Services Ltd
3) ICICI Personal Financial Services Ltd
4) State Bank of India 5) All of the above
253. Which of the following statements is
correct regarding soiled/mutilated
currency notes?
1) Banks are expected to offer this service even to non – customers
2) The RBI has also authorized all
commercial bank branches to treat
certain notes in ‗two pieces‘ as soiled
notes and pay exchange value 3) All banks are authorized to accept
soiled notes across their counters and pay
the exchange value
4) All public sector bank branches and
currency chest branches of private sector
banks are authorized to adjudicate and pay value in respect of mutilated notes
5) All of the above
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254. Which of the following is the correct
statement/s about the Automated Tailor
Machine (ATM) : 1) ATM is a computer which is dedicated
to perform certain specific jobs only
2) ATM is totally menu driven which
displays instructions to the customer step
– by – step for operating the same 3) ATM is a user friendly machine and the
customer does not require any training to
use it
4) All of the above
5) None of the above
255. NABARD was set up as an apex
development bank with a mandate for
facilitating credit flow for promotion and
development of
1) Cottage and village industries 2) Handicrafts and other rural crafts
3) Agriculture
4) Small – scale industries
5) All of the above
256. Universal Bank is one which is present universally ie, in all the countries of the
world undertakes the functions of a
Development Financial Institution as well
as a commercial bank undertakes the
work of note – issuing authority, monetary and regulatory authority,
banker of the Government and equipment
leasing
4) All of the above
5) None of the above
257. A draft issued by the bank has been lost
by the payee. He sends a letter to the
issuing bank to stop payment. Bank will:
1) Note caution and will advice the payee
to contact purchaser of the draft 2) Not act on the request
3) Stop payment
4) Performs no action
5) None of the above
258. NEFT means – 1) Non – Effective Fund Transfer system
2) Negotiated Efficient Fund Transfer
system
3) National Efficient Fund Transfer
Solution 4) National Electronic Fund Transfer
system
5) Negotiated Electronic Foreign Transfer
system
259. An industrial bank accepts from the public
1) Long – term deposits
2) Short – term deposits
3) Only call deposits
4) Medium – term deposits
5) All of the above
260. Which of the following was the first public sector commercial bank which had
launched a mutual fund?
1) Indian Bank
2) Canara Bank
3) State Bank of India 4) Bank of India
5) Union Bank of India
261. Which of the following is a capital market
instrument?
1) Commercial paper 2) Negotiable certificate of deposit
3) Treasury bill
4) All of these
5) None of these
262. A new private sector bank
1) will be governed by the provisions of
the RBI Act, 1934, the Banking
Regulation Act, 1949 and other relevant
statutes
2) would be governed by existing branch licensing policy whereby banks could
open branches including at urban/metro
centres without prior approval of RBI once
capital adequacy and prudential
accounting norms were satisfied 3) would be subject to the directives,
instructions, guidelines and advices given
by the Reserve Bank of India
4) None of the above
5) All of the above
263. Which of the following is a New private
sector banks in India?
1) Tamilnad Mercantile Bank Limited
2) lnduslnd Bank Ltd
3) South Indian Bank 4) Lakshmi Vilas Bank
5) All of the above
264. Which of the following is not an activity of
merchant banking in India?
1) The management of the portfolio 2) The management of underwriting of
shares and debentures
3) The management of projects and
counseling as well as appraisal
4) The management of the customers‘ securities
5) All the above are the activities of
merchant bank
265. Which of the following bank has been
included in the second Schedule to the RBI Act, 1934 with effect from 21st
August, 2004 and thus is the latest
entrant in Indian Banking as a new
generation private sector bank?
1) Kotak Mahindra Bank Ltd
20
2) Yes Bank Ltd
3) ICICI Bank Ltd
4) HDFC Bank Ltd 5) None of the above
266. The National Housing Bank was set up in
India as a wholly – owned subsidiary of
which one of the following? 1) Life Insurance Corporation of India
2) NABARD
3) State Bank of India
4) HDFC
5) Reserve Bank of India
267. Which of the following is the first
Universal Bank established in India?
1) IDBI Bank Ltd
2) Reserve Bank of India
3) ICICI Bank Ltd 4) NABARD
5) None of the above
268. Central Monetary Authority of the country
is
1) Union Finance Ministry 2) Central Board of Direct Taxes
3) Planning Commission
4) Reserve Bank of India
5) All of the above
269. Which of the following conditions must be
fulfilled before a bank is included in the
Second Schedule to the Reserve Bank of
India Act?
1) 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 In 2) 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
3) It must have a paid – up capital and
reserves of an aggregate value of not less than Rs. 5 lakh
4) Only (1)
5) All of the above
270. Which of the following statements are correct with regard to foreign banks
operating in India?
1) 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 RBI for restructuring.
2) 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.
3) Foreign banks would be allowed to open more than the existing WTO
commitment of 12 branches in a year.
4) Only (1) & (2)
5) All of the above
271. Which of the following are the scheduled
banks?
1) HDFC Bank Ltd
2) ICICI Bank
3) State Bank of Mauritius Ltd
4) All of the above 5) None of the above
272. Unit Banking System' is that system
where, individual bank undertakes the
banking business 1) Through a few branches operating
within a limited area
2) Through a single office
4) Only (2)
5) Both (1) and (2)
5) None of the above
273. Land Development Banks in India
specialize in
1) Crop loans
2) Long – term lending 3) Medium – term lending
4) Short – term lending
5) All of these
274. In terms of section 6 (1) of the Banking
Regulation Act, as notified by the Government of India from time to time,
commercial banks are permitted to
undertake the business of
1) Mutual funds
2) Insurance 3) Leasing, hire – purchase and factoring
4) Only (2)
5) All of the above
275. A new private sector bank
1) Will not be allowed to set up a subsidiary or mutual fund for at least
three years after its establishment.
2) Is expected to concentrate on core
banking activities initially
3) Only (2) 4) Both (1) and (2)
5) None of the above
276. Which of the following is a foreign bank in
India?
1) Sonali Bank 2) IDBI Bank Ltd
3) Dena Bank
4) Kotak Mahindra Bank
5) None of the above
21
277. Which of the following was the first newly
established private sector bank to
commence operations? 1) ICICI Ltd
2) Induslnd Bank Ltd
3) UTI Bank Ltd
4) Centurion Bank of Punjab Ltd
5) All of the above
278. The commercial banking system in India
consists of
1) nationalized banks and private sector
banks
2) Scheduled and non – scheduled banks 3) Regional rural banks, co – operative
banks and land development banks
4) All of the above
5) None of the above
279. "Scheduled bank" means a bank
1) Authorized to transact Government
business
2) Included in the Second Schedule to the
Reserve Bank of India Act, 1934
3) Incorporated under the Companies Act, 1956
4) Governed by the Banking Regulation
Act, 1949
5) All of the above
280. Which of the following is known as the
central bank of the country?
1) IBRD
2) Central Bank of India
3) IDBI
4) Reserve Bank of India 5) All of these
281. The money market in India consists of two
sectors, namely, the organized sector and
the unorganized sector. Which of the following do not fall under
organized sector?
1) Indigenous bankers
2) Unit Trust of India
3) Reserve Bank of India, State Bank of
India and commercial banks 4) Life Insurance Corporation and General
Insurance Corporation
5) All of the above
282. Which of the following mobilize/s the savings of the public to specifically invest
in the industrial securities?
1) UTI 2) LIC
3) GIC 4) All of these
5) None of these
283. In which country the Unit Banking
System is prevalent?
1) Great Britain 2) Pakistan
3) India 4) USA
5) None of these
284. A company which pools money from
investors and invests in stocks, bonds and shares, is called:
1) A bank
2) Mutual Fund
3) Bankassurance
4) An insurance company 5) A non – banking financial company
285. A foreign bank is one
1) Whose most of the branches are
situated outside India
2) Which is incorporated outside India 3) In which at least 40% equity shares are
held 10 non – resident Indians
4) All of the above
5) None of the above
286. If a person is not satisfied with the
decision passed by the Banking
Ombudsman, he/ she can approach the
appellate authority against the Banking
Ombudsmen‘s decision. The Appellate
Authority is vested in which among the following?
1) High Court of the state in which Bank
Branch is located
2) Deputy Governor of Reserve Bank of
India 3) Governor of Reserve Bank of India
4) Managing Director of the Concerned
Bank
5) None of these
287. Which of the following rates is not decided by the Reserve Bank of India (RBI) ?
1) Cash Reserve Ratio
2) Prime Lending rate
3) Reverse Repo Rate
4) Repo Rate 5) Bank Rate
288. Which of the following statement/s is/are
true about SEBI?
1) SEBI was established in 1988
2) It was made a fully autonomous body in 1992
3) It regulates the securities market and
protect the interests of investors in
securities
4) All of the above 5) None of these
289. The transfer of a loan from one party to
another is called
1) Assignment 2) Arbitrage
3) Amortization 4) Acquisition 5) None of these
290. In which of the following year Small
Industries Development Bank of India
(SIDBI) was established?
22
1) 1960 2) 1964
3) 1990 4) 1988
5) None of these
291. A bond, debenture or preferred share that
may be exchanged by – the owner for
common stock or another security,
usually of the same company, in accordance with the terms of the issue is
known as
1) Collateral 2) Convertible
3) COFI 4) None of these
5) All of these
292. Non – Banking Financial Institutions
comprise of
1) Development Finance Institutions
(DFIs)
2) Insurance Companies 3) Non – Banking Financial Companies
(NBFCs) , Primary Dealers (PDs) , and,
capital market intermediaries, eg, mutual
funds
4) Both (1) and (2)
5) All of the above
293. Which of the following is a Term Lending
institution?
1) ICICI Bank 2) IDBI Bank
3) EXIM Bank 4) None of these 5) AII of these
294. Which of the following fall in the category
of refinance institutions?
1) SIDBI
2) NABARD 3) National Housing Bank (NHB)
4) Both (2) and (3)
5) All of the above
295. Which of the following is an investment institution?
1) IDBI Bank
2) Life Insurance Corporation of India
3) ICICI Bank
4) None of the above
5) All of the above
296. Which of the following Financial Institutes
are under full – fledged regulation and
supervision of Reserve Bank of India (RBI)
? 1) EXIM Bank 2) NABARD
3) NHB and SIDBI 4) None of these
5) All of these
297. Which of the following is the leader of the
Indian money market? 1) Lead banks
2) Reserve Bank of India
3) Commercial banks
4) All of these
5) None of these
298. Insurance Regulatory and Development
Authority of India (IRDA) was established in
(1) 1996 (2) 1999
(3) 1986 (4) 1992
(5) None of these
299. IDRA was established on the
recommendation of
1) Malhotra Committee
2) M Narsimham Committee
3) S L Kapoor Committee
4) R H Khan Committee 5) None of these
300. The headquarter of IRDA is in
1) Kolkata 2) Mumbai
3) New Delhi 4) Bangalore 5) Hyderabad
301. Life Insurance Corporation of India (LIC)
was established on
1) 1 September, 1956
2) 1 September, 1954 3) 12 Oct., 1956
4) 2 Oct., 1954
5) None of these
302. LIC is owned by 1) RBI
2) SBI
3) Government of India
4) IRDA
5) None of these
303. LIC is headquartered in
1) New Delhi 2) Bangalore
3) Hyderabad 4) Mumbai
5) None of these
304. Which of the following statement is not
true?
1) IDBI was set up in 1964
2) IDBI provides Long – term finance to
industry
3) IDBI was taken over by the Finance Ministry in 1984
4) IDBI was a wholly – owned subsidiary
of RBI till 1976
5) None of these
305. Which is the principle financial institution
for promotion, financing and development
of small scale industries in the country?
1) RBI 2) SBI
3) IDBI 4) SIDBI
5) None of these
306. The UTI was established in
1) 1956 2) 1964
3) 1972 4) 1976
5) None of these
23
307. Which of the following is/are 'Term
Deposits'? 1) Fixed deposits
2) Re – investment deposits
3) Recurring deposits
4) None of these
5) All of these
308. Which of the following is/are known as
Banker's Bank?
1) SBI 2) RBI
3) SIDBI 4) NABARD
5) None of these
309. Which of the following is the central bank
of the country?
1) RBI 2) SBI
3) RRB 4) NABARD 5) None of these
310. Which of the following is/are functions of
the RBI?
1) Acts as the currency authority
2) Controls money supply and credit 3) Manages foreign exchange
4) Serves as a banker to the government
1) (i) and (III)
2) (ii) and (iii)
3) (i) , (ii) and (iii) 4) (i) , (ii) , (iii) and (iv)
5) None of these
311. Which of the following is not correct about
Non – Banking Financial Companies
(NBFCs) ? 1) NBFC cannot accept demand deposits
2) NBFC can issue cheques drawn on it
self
3) NBFC is not a part of the payment and
settlemei system 4) NBFCs are fast emerging segment of
Indi2 financial system
5) None of these
312. The working and operations of NBFCs are
regulated by 1) SBI 2) RBI
3) Finance Ministry 4) All of these
5) None of these
313. Which of the following is not correctly matched?
1) RBI – 1935 2) ICICI – 1965
3) IDBI – 1964 4) SIDBI – 1990
5) None of these
314. The National Housing Bank (NHB) was established in
1) 1986 2) 1988
3) 1990 4) 1992
5) None of these
315. Which one of the following is the premier
export finance institution of India?
1) Reserve Bank of India 2) State Bank of India
3) EXIM Bank
4) IDBI
5) None of these
316. National Housing Bank (NHB) is owned by
1) RBI
2) SBI
3) Government of India
4) IDBI
5) None of these
317. Reserve Bank of India (RBI) categorised
IDBI as a/an
1) Public Sector Bank
2) Private Sector Banks 3) Regional Rural Banks
4) Other Public Sector Bank
5) None of these
318. BCSBI stands for
1) Banking Codes and Service Board of India
2) Banking Credit and Standards Board of
India
3) Banking Codes and Standards Board of
India 4) Banking Credit and Service Board of
India
5) None of these
319. SWIFT stands for
(1) Society for Worldwide Internal Financial Telecommunication
(2) Society for Worldwide Interbank
Financial Telecommunication
(3) Society for Worldwide Internet Fund
Telecommunication (4) Society for Worldwide Interbank Fund
Transfer
(5) None of these
320. What does EBT stands for
1) Electronic Belated Transfer 2) Electric Beginners Transaction
3) Electronic Beginning Transaction
4) Electronic Benefit Transfer
5) None of these
321. ECB Stands for –
1) Electronic Commercial Bond
2) England Cricket Board
3) External Commercial Borrowings
4) Emacs Code Browser
5) None of these
322. The CRR refer to the share of that banks
have to maintain with RBI of their net
demand and time liabilities.
1) Illiquid cash 2) Liquid cash
24
3) Gold 4) Forex reserves
5) None of these
323. Loss assets comprise assets where a loss
has been identified by
1) Bank
2) RBI
3) Finance Ministry 4) Both (1) and (2)
5) None of these
324. Normally, the following types of customers
require higher due diligence under KYC
norms, except 1) Politically exposed persons (PEPS) of
foreign origin
2) Non – resident customers
3) Farmers with land holding over 10
acres 4) High net worth individuals
5) None of above
325. The Government of India promulgated
Banking Companies (Acquisition and
Transfer of Undertakings) ordinance to acquire 14 commercial banks on
1) 1 July, 1969 2) 19 July, 1969
3) 1 Oct., 1969 4) 1 Nov., 1969
5) None of these
326. The paid – up capital of non – scheduled
banks is less than
1) Rs. 5 lakh 2) Rs. 10 lakh
3) Rs. 12 lakh 4) Rs. 15 lakh
5) None of these
327. RBI was established on 1) March 1, 1935 2) April 1, 1935
3) April 1, 1934 4) March 1, 1934
5) None of these
328. RBI controls the commercial banks through
1) Periodic inspection of banks
2) Follow up action
3) Calling for returns and other
information
4) All of the above 5) None of these
329. The Lead Bank scheme was introduced by
the RBI in
1) 1967 2) 1969 3) 1971 4) 1973
5) None of these
330. Which are two major companies in the
mortgage business and provide stiff
competition to the commercial banks in the disbursal of housing loans?
1) NEDFI, HDFC
2) NEDFI, HUDCO
3) LIC, HUDCO
4) HDFC, HUDCO
5) None of these
331. In case a depositor wishes to withdraw his deposits prematurely, banks
1) Do not allow premature withdrawal
2) Do not charge any penalty and allow
the same
3) Do not allow the same till maturity of the deposits
4) Charge a penalty for the same
5) None of these
332. For filing and resolving customer
complaints, the Banking Ombudsman 1) Charges a fee of Rs. 500/ –
2) Charges a fee of Rs. 1000/
3) Charges a fee of Rs. 1500/ –
4) Does not charge any fee
5) None of these
333. Banks give contracts to third parties in
order to manage support services like
1) Help desk support
2) Credit card processing
3) Call support service 4) All of these
5) None of these
334. To create a strong and competitive
banking system, reform measures were initiated in early 1990s. The Thrust
of these reforms was on
1) Developing technological and
institutional infrastructure
2) Strengthening supervision over banks
3) Increasing operation efficiency 4) All of the above
5) None of the above
335. Which of the following aspects are
outlined by policy of a bank? 1) Rating standards
2) Lending procedures
3) Financial covenants
4) All of these
336. The Reserve Bank of India (RBI) has ________ deputy governor.
1) Four 2) Five
3) One 4) Six
5) None of these
337. The concept of base rate was introduced
on July 1,2010 include
1) Tenor premium
2) Product – specific operating cost
3) Credit risk premium
4) All of the above 5) None of these
338. In which of the following year State Bank
of Saurashtra merged with State Bank of
India?
25
1) 1959 2) 1980
3) 1985 4) 2008
5) 2010
339. Which of the following is not a
Government – sponsored organization?
1) Small Industries Development Bank of
India 2) NABARD
3) National Housing Bank
4) ICICI Bank
5) None of these
340. The Reserve Bank of India was established on the recommendation of
which committee/commission?
1) Simon Commission
2) Narasimham Committee
3) B N Mitra 4) Hilton – Young Committee
5) None of these
341. Which of the following is not a Public
Sector Unit/Undertaking/Agency?
1) ECGC 2) SEBI 3) SIDBI 4) Axis Bank
5) None of these
342. Where is the Headquarter of State Bank of
India located? 1) New Delhi 2) Mumbai
3) Kolkata 4) Manipal
5) Chennai
343. Which of the following bank is
headquartered in Kolkata? 1) Bank of India 2) Indian Bank
3) Allahabad Bank 4) Union Bank
5) Canara Bank
344. "Reverse Mortgage" scheme is designed keeping which of the following groups of
society in consideration?
1) Youngsters who have just started
earning
2) Defence personnel whose life is always
at high risk 3) Senior citizens
4) Women who do not have an
independent source of income
5) None of these
345. The real return to the investor sometimes
gets reduced due to sudden rise in the
prices of the commodities. This
phenomenon in financial market is known
as –
1) Market risk 2) Credit risk
3) Inflation risk
4) Diversification of funds
5) None of these
346. Licenses for opening new bank in India is
given by –
1) Finance Ministry 2) State Bank of India
3) Reserve Bank of India
4) Commerce and Industry Ministry
5) Planning Commission
347. Securities market in India is regulated by
–
1) RBI 2) NABARD
3) SIDBI 4) SEBI
5) IRDA
348. Who is 'payee' in the Bank Cheques?
1) Always the banker
2) Who encash the cheques
3) Who issue the cheques
4) Who cancel the cheques 5) None of these
349. Money that flows regularly between
financial markets as investors attempt to
ensure they get the highest short – term
interest rates possible, is known as – 1) Near money 2) Hot money
3) Optional money 4) Fiat money
5) Dear money
350. Drawer can be payee in the Bank Cheques?
1) Yes
2) No
3) It is illegal
4) Bank should accept
5) RBI should accept
351. Highly liquid assets which are not cash
but can easily be converted into cash is
called as Optional money
1) Hot money 2) Near money 3) Fiat money 4) Dear money
5) Bill of Exchange means –
352. Unconditional orders issued by the bank
on RBI to adjust the funds at future rate
for repo rate for certain rate 1) Conditional order issued by the
government of India to file the payment
order on Treasury bills
2) Unconditional order issued by a person
or business which directs the recipient to pay a fixed sum of money to a third party
at a future date.
3) Indian Banks issue the bills to the
private parties on the secured payment of
the future date payments
4) None of these
353. The non legal tender money which is
generally acceptable by the people in it's
final payments is known as –
1) Near money 2) Hot money
26
3) Optional money 4) Fiat money
5) Dear money
354. Who gives the Order to pay OR maker of
the Bill of exchange is called –
1) Drawee 2) Drawer
3) Payee 4) None of these
5) All of above
355. The Money that derives its value from
government regulation or law –
1) Near money 2) Hot money
3) Optional money 4) Fiat money
5) Dear money
356. In the Bill of Exchange, on whom the
obligation to pay rests is called –
1) Drawer
2) Drawee 3) Drawer and Drawee
4) Payee
5) None
357. The process of preparing budget for a
period of a year or even for several years allocating capital outlays for the various
investment projects is known as –
1) Capital Budgeting
2) Factoring
3) Balanced Budget 4) Balance of Payment
5) None of these
358. The Foreign Exchange Reserves of India
are kept in the custody of
1) World Bank 2) International Monetary Fund
3) Prime Minister Rahat Kosh
4) Reserve Bank of India
5) None of these
359. Which of the following bank was merged
with ICICI bank?
1) Bank of Rajasthan
2) Global Trust Bank
3) Centurion Bank
4) New Bank of India 5) Imperial Bank of India
360. The best alternative banking service to
branch banking to be the part of Financial
Inclusion? 1) Giving Credit Cards
2) Mobile banking
3) Issuing of ATM cards
4) Establishment of small branches
5) Setup ATMs
361. Which of the following bank opened a
Lockless branch at Shani Shinganapur in
Maharashtra, respecting the local
customs?
1) State Bank of India
2) UCO bank
3) Bank of Maharastra
4) Union Bank of India 5) ICICI Bank
362. Who is 'Drawer' in the Bank cheques?
1) Who receive the cheques
2) Who issue the cheques 3) Ho encash the cheques
4) Always the banker
5) ho rejects the payment of cheque
363. Who is 'Drawee' in the Bank Cheques?
1) Always the banker 2) Who issue the cheques
3) Who encash the cheques
4) Who rejects the payment of cheque
5) Who receive the cheques
364. State Bank of Indore was acquired by
State Bank of India in which year?
1) 1980 2) 1985
3) 2008 4) 2010
5) None of these
365. Initially there were how many Associate
banks of State Bank of India in 1959?
1) Five 2) Six
3) Seven 4) Eight
5) Nine
366. Which of the following bank was the first
bank to set up talking ATM in India?
1) United Bank of India
2) State Bank of India
3) Punjab National Bank 4) Union Bank
5) None of these
367. In 1976 Narang Bank of India was
acquired by which of the following bank? 1) Punjab National Bank
2) State Bank of India
3) United Bank of India
4) Bank of India
5) Bank of Baroda
368. FERA 1993 passed to control the foreign
exchange dealings. FERA means?
1) Foreign Exchange Rules Act
2) Foreign Exchange Regulation Act
3) Foreign Exchange Regulation Activates 4) Four Exchange Regulation Act
5) None of these
369. Which of the following bank is the old
private sector bank in India?
1) Axis Bank 2) ICICI Bank
3) Karur Vysya Bank
4) HDFC Bank
5) Yes Bank
27
370. Which among the following is not the
Negotiable instrument?
1) Cheque 2) Bill of Exchange
3) Demand Draft
4) Cash Deposit form
5) Promissory Note
371. When the Reserve Bank of India(RBI) is
the lender of last resort, what does it
mean?
1) RBI advances money to public
whenever there is any emergency.
2) Commercial banks give fund to the RBI.
3) RBI advances necessary credit against
eligible securities.
4) All of the above
5) None of the above
372. A bank conducts government business as
an agent of
1) Government of India
2) Reserve Bank of India
3) President of India 4) State Government concerned
5) None of these
373. Gilt – edged securities means?
1) Gold bonds 2) The duplicate bonds
3) High – graded and low risk securities
4) Certificates issued by Post Office
5) Stocks recognized by SEBI
374. Which of the following firmly tell many rules and regulations relating to Non –
Performing Assets (NPA) ?
1) SEBI Act 1992
2) Foreign Exchange Management Act
1999 3) Banking Regulation Act 1949
4) Indian Contract Act 1872
5) Negotiable instrument act 1881
375. Which committee suggested the banking
reforms? 1) Kalia committee
2) Narasimham committee
3) Deepak Mohanty committee
4) Syamala Gopinath committee
5) Goparia committee
376. Which of the following bank was merged
with HDFC bank?
1) Bank of Rajasthan
2) Global Trust Bank 3) Centurion Bank
4) Bank of Bombay
5) Imperial Bank of India
377. Which one of the following is the India's
first indigenous payment gateway?
1) India Expenditure 2) India Pay
3) India Challan
4) India Payment
5) India Rupee
378. How many banks were nationalized in the
second phase of bank nationalization in
India in 1980?
1) 4 2) 6
3) 9 4) 14
5) 18
379. In 1980 Major commercial banks were
nationalized with deposit over ____ crores.
1) 5 crore 2) 10 crore 3) 50 crore 4) 100 crore
5) 200 crore
380. Which of the following bank was
nationalized during the second phase of
bank nationalization in India in 1980? 1) Bank of Maharashtra
2) Dena Bank
3) Punjab National Bank
4) United Bank of India
5) Oriental Bank of Commerce
381. In 1993, the government merged New
Bank of India with which bank?
1) State Bank of India
2) Bank of India
3) Punjab National Bank 4) Bank of Baroda
5) United Bank of India
382. Who was the prime minister of India
during the nationalization of banks in 1969 and in 1980?
1) Jawaharlal Nehru
2) Gulzarilal Nanda
3) Indira Gandhi
4) Morarji Desai
5) P.V.Narasimha Rao
383. Who started the saga of Liberalization of
banks as a prime minister?
1) Indira Gandhi
2) Jawahar Lal Nehru 3) Lal Bahadur Sastri
4) P.V.Narasimha Rao
5) Atal Bihari Vajpayee
384. The decade 1990 – 2000 is the era of New
Generation tech – savvy banks. Which are established during this period?
1) Global Trust Bank
2) UTI bank
3) ICICI
4) HDFC
28
5) All of above
385. Which was the first New Generation tech – savvy banks in India?
1) Global Trust Bank
2) UTI Bank
3) ICICI Bank
4) HDFC Bank 5) None of these
386. Global Trust Bank later amalgamated
with which Nationalized Bank?
1) State Bank of India
2) Bank of India 3) Punjab National Bank
4) Oriental Bank of Commerce
5) Indian Bank
387. Axis Bank Previously known as _____? 1) Global Trust Bank
2) UTI Bank
3) New Bank of India
4) UTI
5) None of these
388. Banking Companies (Acquisition and
Transfer of Undertaking) Bill passed in
_______ paving way to the nationalization
of banks in India?
1) 1961 2) 1969 3) 1974 4) 1975
5) 1981
389. Mutual funds are required to be registered
with:
1) AMFI 2) SEBI
3) IBA
4) RBI
5) NABARD
390. State Bank of India Act was passed in
which year?
1) 1934 2) 1947
3) 1949 4) 1955
5) 1959
391. In which year, Imperial Bank of India
became State Bank of India?
1) 1935 2) 1947
3) 1949 4) 1955
5) 1959
392. How many banks were nationalized in
1969?
1) 13 2) 14
3) 5 4) 6
5) 0
393. The State Bank of India (Subsidiary
Banks) act passed in which year?
1) 1934 2) 1947
3) 1955 4) 1959
5) 1969
394. In 1969 major commercial banks were nationalized with deposit over ____ crores.
1) 5 crore 2) 50 crore
3) 100 crore 4) 200 crore
5) None of these
395. Who said the nationalization of banks is
the 'masterstroke of political sagacity'?
1) Indira Gandhi
2) Atal Bihari Vajpayee
3) Jawahar Lal Nehru 4) Jayaprakash Narayan
5) None of them
396. What was/were the main objective behind
this bank nationalization in India? I. To spread banking infrastructure in rural
India II. To spread banking
infrastructure in Urban India III. Make
cheap finance available to Indian farmers
1) Only I 2) Only II
3) I and II only 4) I and III Only 5) None of these
397. Which of the following bank was not
nationalized in 1969?
1) Allahabad Bank 2) Bank of Baroda
3) Bank of Maharastra
4) Bank of India
5) State Bank of India
398. Which of the following is the central banking institution of India?
1) SIDBI 2) NABARD
3) SBI 4) RBI
5) EXIM Bank
399. Who was the first Indian appointed as the
Governor of Reserve bank of India?
1) M. Narasimham
2) Benegal Rama Rau
3) C. D. Deshmukh
4) Dr. C. Rangarajan 5) Shanmugam Chettiar
400. Who was the first governor of Reserve
Bank of India?
1) James Braid Taylor
2) Osborne Smith 3) C. D. Deshmukh
4) P. C. Bhattacharya
5) Duvvuri Subbarao
401. Initially the Headquarter of Reserve Bank
of India was in which city? 1) Mumbai 2) New Delhi
3) Chennai 4) Lahore
5) Kolkata
29
402. The Headquarter of Reserve Bank of India
is situated in which city?
1) Kolkata 2) New Delhi 3) Mumbai 4) Pune
5) None of these
403. Who is the sole authority in India to issue
currency note? 1) SBI 2) RBI
3) NABARD 4) SIDBI
5) HDFC
404. Reserve Bank of India was nationalized in
which of the following year? 1) 1921 2) 1935
3) 1947 4) 1949
5) 1957
405. Reserve Bank of India is a 1) An autonomous body
2) A constitutional body
3) Statutory body
4) Non – statutory body
5) None of these
406. Who was the governor of Reserve Bank of
India at the time of it's Nationalization?
1) C. D. Deshmukh
2) Osborne Smith
3) Benegal Rama Rau 4) James Braid Taylor
5) None of them
407. Panther and Palm Tree is symbol of which
of the following bank?
1) Bank of Baroda 2) State Bank of India
3) Reserve Bank of India
4) NABARD
5) None of these
408. Reserve Bank of India act was passed in
which year?
1) 1921 2) 1926
3) 1934 4) 1935
5) None of these
409. In which of the following year Reserve
Bank of India was established?
1) 1921 2) 1926
3) 1934 4) 1935
5) 1949
410. Reserve Bank of India was established
with initial share capital worth ____?
1) 1 crore 2) 5 crore
3) 10 crore 4) 1 Lakh Crore
4) None of these
411. Which was the first Indian bank with
limited liability managed by Indian
Board?
1) Allahabad Bank
2) Punjab National Bank
3) Central Bank of India
4) Oudh Commercial Bank 5) Canara Bank
412. In 1839, there was a fruitless effort by
Indian merchants to establish a Bank but
it failed within a decade. What is the name of the bank?
1) Oudh Commercial bank
2) Bank of Bengal
3) Central Bank of India
4) Union Bank
5) Punjab National Bank
413. Which of the following banks was
established during the 'banking swadeshi'
period?
1) Allahabad Bank 2) Canara Bank
3) Bank of Bengal
4) Oudh Commercial Bank
5) Punjab National Bank
414. Central Bank of India was established in which of the following year?
1) 1806 2) 1840
3) 1911 4) 1921
5) 1935
415. Which of the following is the oldest public
sector bank in India still active?
1) Punjab National Bank
2) Allahabad Bank
3) Oudh Commercial Bank
4) State Bank of India 5) Corporation Bank
416. Which among the following is India's
Oldest Joint Stock Bank still functioning
today? 1) State Bank of India
2) Bank of Baroda
3) Bank of India
4) Allahabad Bank
5) Central Bank of India
417. Which among the following is India's first
Joint Stock Bank?
1) Allahabad Bank
2) Bank of Upper India
3) Bank of India 4) Bank of Baroda
4) State Bank of India
418. In which part of India, many banks are
established, which is called the 'Cradle of
Indian Banking System'? 1) Northern Assam
2) Southern Karnataka
3) Eastern Rajasthan
4) Southern Tamilnadu
5) Western Maharastra
30
419. The most banks in India failed between
__________ Not less than 100 banks failed due to various reasons?
1) 1923 – 1928 2) 1913 – 1918
3) 1923 – 1948 4) 1903 – 1928
5) 1953 – 1958
420. Punjab National Bank was established in
which place?
1) New Delhi 2) Mumbai
3) Kolkata 4) Lahore
5) one of these
421. Bank of Bombay was established in which
of the following year?
1) 1806 2) 1786
3) 1840 4) 1843
5) 1895
422. Bank of Calcutta/ Bank of Bengal was
established by British to fund _________?
1) Development of Bengal
2) War against Nawab of Bengal
3) War against Tipu Sultan and Marathas 4) to help local establishment
5) None of these
423. In which of the following year Imperial
Bank of India was formed? 1) 1806 2) 1840
3) 1895 4) 1921
5) 1935
424. Bank of Madras was established in which
of the following year? 1) 1806 2) 1786
3) 1840 4) 1843
5) 1895
425. In which of the following year Hilton – Young commission submitted it's report?
1) 1806 2) 1895
3) 1921 4) 1926
5) 1935
426. Bank of Bengal was initially known as __________?
1) Bank of Kolkata
2) Bank of Madras
3) Bank of Bombay
4) Bank of Calcutta 5) None of these
427. During the British raj, which of the
following banks had rights to issue
currency?
1) Allahabad Bank 2) Central Bank of India
3) Punjab National Bank
4) Presidency Banks
5) Canara Bank
428. Which one of the following is the first
bank in India?
1) Bank of India 2) Bank of Hindusthan
3) Central Bank of India
4) Bank of Calcutta
5) Allahabad Bank
429. Modern Banking Concepts in India was
brought by?
1) Arabians 2) Africans
3) Mughal 4) Europeans
5) Americans
430. Which one of the following was the first
Presidency Banks in India?
1) Bank of Bengal
2) Bank of Mumbai
3) Bank of Madras 4) Bank of Bombay
5) None of these
431. Which one of the following is the oldest
Public Sector Banks in India?
1) Bank of Baroda 2) Bank of Baroda
3) Allahabad Bank
4) Punjab National Bank
5) Canara Bank
432. In which of the following year Punjab
National Bank was established?
1) 1806 2) 1840
3) 1843 4) 1865
5) 1895
433. The first commercial bank which was
solely owned and managed by Indians?
1) Bank of Bengal
2) Bank of Madras
3) Allahabad Bank 4) Central Bank of India
5) Punjab National Bank
434. Which period is called the 'banking
swadeshi' period when many Indians
established many banks? 1) 1870 – 1940 2) 1910 – 1947
3) 1906 – 1911 4) 1947 – 1991
5) 1942 – 1947
435. The banks established in Swadeshi period are ______________?
1) Indian Bank
2) Corporation bank
3) Bank of India
4) Bank of Baroda
5) All of the above
436. Which of the following bank is called
India's First Truly Swadeshi Bank?
1) State Bank of India
2) Allahabad Bank
31
3) Punjab National Bank
4) Oudh Commercial Bank
5) Central Bank of India
437. Which of the following banks worked as
quasi central bank under the British rule?
1) Allahabad Bank
2) Presidency Banks 3) Punjab National Bank
4) Canara Bank
5) Central Bank of India
438. Who is heading the panel appointed by
the finance minister P Chidambaram to formulate road – map for fiscal
consolidation?
1) Parthasarathi Shome
2) Vijay Kelkar
3) Sanjiv Mishra 4) Indira Rajaram
5) Kaushik Basu
439. Which bank of Iran has been denied
permission by the Reserve Bank of India
(RBI) to open its branch in India recently? 1) Karafarin Bank 2) Parsian Bank
3) Sina Bank 4) Saman Bank
5) Ansar Bank
440. What is Yield Curve Risk? 1) It is a line of graph plotting the yield of
all maturities of a particular instrument
2) Yield curve changes its slope and shape
from time to time
3) Yield curve can be twisted to the
desired direction through the intervention of RBI
4) All of the above
5) None of the above
441. The biggest international financial centre in the world:
(a) Frankfurt
(b) Geneva
(c) London
(d) New York
(e) Paris
442. The Base Year of Consumer Price Index
Numbers for Industrial Workers (CPI – IW)
is?
1) 2001 2) 2008 3) 2010 4) 2011
5) 2012
443. The expansion of BIFR, in the context of
the Indian Industry is:
1) Board for Industrial and Financial Reconstruction
2) Bureau for Industrial and Financial
Reconstruction
3) Board for Investment and Financial
Reconstruction
4) Bureau for Investment and Financial
Reconstruction
5) None of these
444. Who among the following is not a
members of SAARC?
1) India 2) Indonesia 3) Sri Lanka 4) Maldives
5) Afghanistan
445. The largest financial conglomerate of
India is:
1) HDFC Bank 2) ICICI Bank
3) IFCI
4) SBI
5) None of these
446. Under which of the following methods of
depreciation, amount of depreciation
varies every year?
1) Written Down Value Method
2) Straight Line Method
3) Amount of depreciation does not vary on year to year basis
4) Either a or b
5) None of these
447. Usually, the validity period of an Income Tax Refund Order is:
1) 1 month 2) 2 months
3) 3 months 4) 6 months
5) 4 months
448. Which of the following is true about "White Card"?
1) It is related to companies producing
milk products
2) It does not carry on its face, the brand
of the issuer 3) It is meant to covert blank money into
the economy
4) It is a card that provides white money
5) None of these
449. First bank in India to launch its interactive banking service through Dish
TV:
1) HSBC 2) ICICI Bank
3) HDFC Bank 4) Axis Bank
5) None of these
450. Which of the following Indian state has
instituted nutrition awards at the district
level to check malnourishment among
children?
1) Assam 2) West Bengal 3) Haryana 4) Bihar
5) Kerala
451. When is National Voters' Day celebrate in
India every year?
1) January 23 2) January 25
32
3) January 26 4) January 31
5) February 14
452. RK Pachauri panel report is associated
with which of the following issues?
1) India – Nepal trade agreement
2) Allowing FDI from Pakistan
3) Golden Quadrilateral project 4) Sethusamudram Project
5) Repatriation of Bangladeshi refugees
453. The Reserve Bank of India on February
21, 2012 has released the report on
Priority Sector Lending. Who was head of the Committee constituted to re – examine
the existing classification and suggest
revised guidelines with regard to priority
sector lending and related issues?
1) M V Nair 2) KC Chakrabarty
3) Pratip Chaudhuri
4) MD Mallya
5) None of them
454. Land development banks play a crucial role in
1) Providing crop loans to the farmers
2) The provision of investment credit for
agriculture
3) Expanding social forestry 4) Developing allied activities in rural
sector
5) None of the above
455. As per the news published in the media,
India, China and some other countries are trying to grapple 'with money flooding the
economy from a record trade surplus, and
swelling of foreign exchange reserves of
the country. Why do the central banks
of such countries have to make special efforts to check the flooding of money and
– foreign exchange in economy whereas
for an ordinary man more money means
richness and prosperity?
A) It generates artificial inflation in the
economy. B) It makes the Govt of that country
revaluate its currency.
C) It creates a situation where rate of
interest on loans and advances starts
coming, down sharply. 1) Only (A)
2) Only (B)
3) All (A) , (B) and (C)
4) Both (A) and (C)
5) None of these
456. Which of the following taxes is collected
by the Goverment on sale of goods and
services in the country?
1) NAT 2) GET
3) VAT 4) SAT
5) None of these
457. India ranks 134 in the recently published Human Development Index (HDI) . The
index measures which of the following to
decide the rank of a country?
A) Life expectancy
B) Literacy and Education C) Forex reserves as a percentage of total
GDP
1) Only (A)
2) Only (B)
3) Both (A) and (B)
4) All (A) , (B) and (C) 5) None of these
458. Dinar is the currency of which of the
following countries?
1) Kuwait 2) Myanmar 3) Afghanistan 4) Pakistan
5) None of these
459. 'The Doing Business Report', an
international publication, is published
every year by which of the following organizations?
1) World Bank
2) WTO
3) Reserve Bank of India
(4) IMF (5) None of these
460. Who amongst the following are the
members of BRIGS?
A) India
B) Indonesia C) Brazil
1) Only (A) 2) Only (B)
3) Only (C) 4) Both (A) and (B)
5) Both (A) and (C)
461. UIDAI was constituted as an attached
office of the
1) Ministry of Home Affairs
2) Ministry of Finance
3) Planning Commission
4) Central Statistical Organization 5) Registrar General & Census
Commissioner
462. In which one of the following states,Teesta
Urja hydro – power project is proposed to be set up?
1) Andhra Pradesh
2) Arunachal pradesh
3) Sikkim
4) West Bengal
5) None of these
463. Mahmoud Ahmadinejad is the president
of which of the following country?
1) Libya 2) Egypt
3) Iraq 4) Iran
33
5) Syria
464. What are "Conflict commodities"? 1) Minerals mined in Naxalite – infested
areas
2) International trade in arms
3) Valuable minerals which are claimed by
warring groups in civil war – torn countries
4) Narcotics supplied by international
drug cartels
5) None of these
465. Maximum amount of remittance under Electronic Funds Transfer Scheme is
1) There is no restriction now.
2) Rs 10 lakhs
3) Rs 50 lakhs
4) Rs. 1 cr 5) None of these
466. In case of the Foreign Currency Non –
Resident (FCNR – 2) Scheme, the period
for fixed.deposit is
1) At the discretion of the bank 2) For terms not less than two years and
not more than six years
3) For terms not less than one year and
not more than five years
4) As applicable to resident accounts 5) None of these
467. Which of the following is not a public
sector commercial bank?
1) Central Bank of India
2) State of Hyderabad 3) ICICI Bank
4) Regional Rural Bank
5) None of the above
468. Choose First Indian Governor of the RBI. 1) C.D. Deshmukh
2) Sachindra Ray
3) S. Mukherjee
4) D.I.G. Patel
5) None of the above
469. Who among the following is the Executive
Director of UN women in South Asia?
1) Michelle Bachelet 2) Carlos Lopes
3) Jimmy Kolker 4) Helen Clark 5) None of these
470. A venture capital fund dedicated to
promoting Dalit entrepreneurs has been
registered by market regulator SEBI,
which will pave way for creating a corpus to support business owned by people for
the Scheduled Castes. Name the venture
capital fund.
1) Dalit Venture Capital
2) SC Venture Capital
3) DICCI Venture Capital Fund
4) Start – up Venture Capital
5) None of these
471. Which of the following date is observed as
World AIDS Day?
1) June 5 2) September 29
3) December 1 4) December 3 5) None of these
472. What do you mean by 'I' in the word
AIDS?
1) Interest 2) Infection
3) Infected 4) Immune 5) None of these
473. International Students Day observed in?
1) September 5 2) November 17
3) December 1 4) September 29 5) None of these
474. SFIO stands for
1) Serious Fraud Investigation Office
2) Simple Fraud Investigation Office
3) Small Fraud Investigation Office 4) Superior Investigation Office
5) None of these
475. CGTMSE (Credit Guarantee Fund Trust
for Micro and Small Enterprises) has been set up on the recommendations of:
(a) Narashimham Committee
(b) Ghosh Committee
(c) Chore Committee
(d) Kapoor Committee
(e) Krishna Committee
476. Duleep Trophy is associated with which of
the following sports?
1) Football 2) Badminton
3) Table Tennis 4) Volleyball 5) Cricket
477. "Bid Rate" denotes
1) The rate at which currency is offered
for sale
2) The rate at which currency is sold 3) The rate at which currency is
purchased
4) The pre – determined rate for purchase
of currency
5) None of these
478. The currency of payment for imports is
decided by
1) The country of origin
2) The currency appropriate to the
country of shipment of goods 3) A group of arbitrator countries
4) Both 1) and 2)
5) None of these
479. Card Rate relates to
34
1) Foreign Exchange
2) Debit Card
3) Credit Card 4) PLR
5) None of these
480. In which Pakistani city, officials have
finally given in to a long – standing demand of peace activists regarding the
renaming of Shadman Chowk after
revolutionary freedom fighter Bhagat
Singh?
1) Karachi 2) Islamabad
3) Lahore 4) Peshawar 5) None of these
481. Al – Qaeda – linked Shabab fighters are
associated with
1) Ethiopia 2) Mali 3) Tanzania 4) Somalia
5) None of these
482. Name the person who led the
controversial operation Blue Star to flush
out terrorists from the Golden Temple in Amritsar in 1984 and was stabbed near a
hotel in Central London on September 30.
1) Lt Gen (Rtd) MA Zaki
2) Lt Gen (Rtd) AS Vaidya 3) Lt Gen (Rtd) ZU Shah
4) Lt Gen (Rtd) KS Brar
5) None of these
483. Which state government has roped in
Indian Air Force (IAF) to airlift rhino? 1) J&K
2) Arunachal Pradesh
3) Meghalaya
4) Assam
5) None of these
484. For which segments of people India Post,
the world's largest postal network, has
tied up with US – based Money Gram
International to provide money transfer
solutions? 1) Armed forces
2) Indians living abroad
3) Migrant laborers
4) Senior citizens
5) Workers of MNREGS
485. Who is the author of the book A Tale of
Two Revolts?
1) Rafiq Zakaria
2) Ramchandra Guha
3) Patrick French 4) Rajmohan Gandhi
5) None of these
486. "Balance of Payments" means
1) Trade deficit plus total invisible
2) Trade deficit plus capital receipts
3) Current account plus capital account
4) Trade deficit 5) None of these
487. Banks obtain refinance for export packing
credit from
1) IDBI 2) RBI 3) EXIM Bank 4) SBI
5) None of these
488. World Human Rights Day is observed on
1) December 5 2) December 10
3) December 15 4) December 20 4) None of these
489. LIBOR stands for
1) Liberal Interbank Offered Rate
2) Lisbon Interbank Offered Rate
3) London Interbank Offered Rate 4) London International Offered Rate
5) None of these
490. Famous Indian player Sunil Chhetri is
associated with
1) Boxing 2) Athletics 3) Football 4) Hockey
5) None of these
491. The Subroto Cup is associated with which
sports? 1) Cricket 2) Hockey
3) Football 4) Lawn Tennis
5) None of these
492. World Heart Day is observed on
1) September 29 2) October 3 3) October 5 4) October 6
5) None of these
493. The Vijay Kelkar Committee on fiscal
consolidation has pitched for a reduction of the service tax and excise duty rates to
1) 7% 2) 8%
3) 9% 4) 10%
5) None of these
494. Who is the author of the book From the Ruins of Empire?
1) Arundhati Roy 2) Raj Kamal Jha
3) Pankaj Mishra 4) Vikram Seth
5) Kiran Desai
495. Durand Cup is associated with
1) Golf 2) Tennis
3) Badminton 4) Football
5) None of these
496. Europe has retained the Ryder Cup after beating the US 14.5 – 13.5. This cup is
associated with
1) Lawn Tennis 2) Golf
3) Badminton 4) Football
5) None of these
35
497. Famous Indian player Jwala Gutta is
associated with which sports? 1) Boxing 2) Athletics
3) Badminton 4) Squash
5) None of these
498. Which of the following Twenty 20 cricket rules is not correctly stated?
1) Each innings has a time limit of 75
minutes. For every over bowled after that,
the batting side gets extra 6 runs.
2) If a batsman fails to reach the crease
within 90 seconds after the fall of wicket, the bowling side gets 5 penalty runs.
3) A bowler can bowl a maximum of 6
overs per innings.
4) Fielding restrictions are applicable for
the first six overs of the innings. 5) None of these
499. India First Life Insurance has launched a
device comprising a Samsung tablet PC
and a battery powered printer which
enables an agent to issue a policy on the spot with or without access to internet.
Name the service.
1) Magic Bricks 2) Magic Stick
3) Magic Boards 4) Magic Box
5) None of these
500. World Tourism Day is observed on
1) 24th September
2) 25th September
3) 26th September
4) 27th September 5) None of these
501. Which of the following is not core sector of
the Indian economy?
1) Coal 2) Crude oil 3) Electricity 4) Steel
5) Education
502. What is Moody's?
1) FII
2) Investment Regulator 3) Rating Agency
4) Merchant Banker
5) None of these
503. Nirmal Bharat Yatra is associated with 1) National integration
2) Sanitation
3) Tourism
4) Communal harmony
5) None of these
504. What is the Maximum Limit (cash – based
remittance) on the amount that could be
transferred using NEFT?
1) 10,000 2) 50,000
3) 2,00,000 4) 5,00,000
5) No such limit
505. According to a resolution adopted by the United Nations General Assembly,
'International Day of Peace' is observed
every year on which date?
1) September 1 2) September 14
3) September 21 4) September 30 5) None of these
506. Shanti Swarup Bhatnagar award is
associated with
1) Sports
2) Art & Culture 3) Science & Technology
4) Social Welfare
5) None of these
507. Kudankulam nuclear power plant is in 1) Kerala 2) Karnataka
3) Tamil Nadu 4) Andhra Pradesh
5) None of these
508. Which one of the following is the central
bank of United States of America? 1) Bank of America
2) Federal Bank
3) Federal Reserve
4) Federal Bank of America
5) Reserve Bank of America
509. The govt has mandated that from April 1,
2013, all foreign investors desirous of
claiming benefits under the Double
Taxation Avoidance Agreements (DTAAs)
will have to produce TRC of their base country in which they are located. TRC
stands for
1) Tax Reduction Certificate
2) Tax Residency Certificate
3) Tax Rebate Certificate 4) Tax Rehabilitation Certificate
5) None of these
510. Name India's first National Security
Adviser.
1) Brajesh Mishra 2) JN Dixit 3) SS Menon 4) KPS Gill
5) None of these
511. RBI has said that all public sector banks
would get an interest subsidy of annually against short – term production loan up
to Rs.3 lakh to farmers.
(1) 2% (2) 3%
(3) 4% (4) 5%
(5) None of these
512. Which one of the following is the Apex
Bank in India?
1) NABARD 2) SIDBI
3) SBI 4) RBI
5) EXIM Bank
36
513. Which of the following banks was the
second bank to install Talking ATM in India?
1) United Bank of India
2) Bank of India
3) Union Bank
4) State Bank of India 5) EXIM Bank
514. Which among the following banks has
more ATMs in India than any other bank?
1) Bank of Baroda
2) State Bank of India 3) Axis Bank
4) HDFC
5) ICICI Bank
515. Which among the following terms not used in Banking?
1) Pay Order 2) Garnishee
3) Lien 4) Emission
5) Crossing
516. In the Bill of Exchange, to whom the bill is payable, he is called?
1) Payee
2) Drawer
3) Drawer and Drawee
4) Drawee 5) None
517. Bad debts mean?
1) Amounts owed to a company that are
going to be paid
2) Amounts owed to a company that are going to be paid within 2 years
3) Amounts owed to a company that are
not going to be paid
4) Amounts owed to a company that are
not going to be paid within 8 years 5) None of these
518. Which one of the following is the foreign
private bank in India?
1) HDFC 2) ICICI
3) SBI 4) Citibank 5) None of these
519. Pacific Tsunami Warning Center (PTWC)
established in which of the following
place? 1) Tokyo 3) Paris
4) Hawaii 5) Manila
6) Canberra
520. Which of the following was launched by
UN Secretary – General Ban Ki–moon on August 12, 2012 to tackle the "precarious
state" of the world's seas due to pollution,
excessive fishing and global warming?
1) Ocean Recharge 2) Ocean Renew
3) Ocean Compact 4) Ocean Coral
5) None of these
521. Which of the following has signed a Memorandum of Understanding (MoU)
with the United Nations Development
Programme (UNDP) in August 2012 for
setting up an 'International Centre for
Human Development' in India? 1) Center for Civil Society, New Delhi
2) Centre for Policy Research, New Delhi
3) Tata Institute of Social Sciences,
Mumbai
4) Indian Institute of Advanced Study,
Shimla 5) Indian Institute of Management,
Ahmadabad
522. Which of the following became the first
state to issue biometric identity cards for fishermen in August 2012?,
1) Maharashtra 2) Karnataka
3) Kerala 4) Gujarat
5) Tamilnadu
523. A money deposited at a bank that cannot be withdrawn for a preset fixed period of
time is known as a ___
1) Term deposit
2) Checking Account
3) Savings Bank Deposit 4) No Frills Account
5) Current Deposit
524. A worldwide financial messaging network
which exchanges messages between
banks and financial institutions is known as
1) CHAPS 2) SWIFT
3) NEFT 4) SFMS
5) CHIPS
525. Technological Advancement in the recent
times has given a new dimension to
banks, mainly to which one of the
following aspects?
1) New Age Financial Derivatives
2) Service Delivery Mechanism 3) Any Banking
4) Any Type Banking
5) Multilevel Marketing
526. Which of the following is NOT a function of the Reserve Bank of India (RBI) ?
1) Issuance, Exchange and destruction of
currency notes
2) Exchange Control Functions
3) Fiscal Policy Functions
4) Monetary Authority Functions 5) Supervisory and Control Functions
527. In which of the following fund transfer
mechanisms, can funds be moved from
one bank to another and where the
37
transaction is settled instantly without
being bunched with any other
transaction? 1) NEFT 2) RTGS
3) TT 4) EFT
5) MT
528. Banking Ombudsman Scheme is applicable to the business of
1) All scheduled commercial banks
including RRBs
2) All scheduled commercial banks
excluding RRBs
3) All scheduled banks except private banks
4) Only Public Sector Banks
5) All Banking Companies
529. The primary relationship between the banker and the customer is that of:
1) Trustee and beneficiary
2) Debtor and Creditor
3) Principal and agent
4) Lesser and lessee
5) None of these
530. What is a 'Debit Card'?
1) It is a card issued by a Rating Agency
2) It is a card which can be used for
withdrawing cash or making payment even in the absence of any balance in the
account
3) It is a card which can be used for
withdrawing cash or making payment if
there is balance in the account
4) It is a card which carries prepaid balance
5) It is a card which can be used for
making STD calls
531. Bad advances of a Bank are called ________?
1) Bad debt
2) Book debt
3) Out of order accounts
4) Non Performing Asset
5) Overdrawn accounts
532. Axis Bank is a ____________?
1) Public Sector Bank
2) Private Sector Bank
3) Co – operative Bank 4) Foreign Bank
5) Gramin Bank
533. The Cabinet Committee on, Infrastructure
on August 3, 2012 approved the inclusion
of Extension, Renovation & Modernization(ERM) projects in irrigation
and drinking water under the category of
National Projects. Which of the following
abbreviations is/are matched correctly?
I. DPAP – Drought Protection Areas
Programme
II. AIBP – Accelerated Irrigation Benefit Programme
1) I only 2) II only
3) Both I and II 4) Neither I nor II
5) None of these
534. Which of the following launched 'Heritage
of Astronomy' portal in August 2012?
1) UNESCAP 2) UNICEF
3) UNESCO 4) UNIDO
5) None of these
535. A debt becomes time-barred after: 1) One year
2) Two and a half year
3) Three years
4) Five years
5) Six years
536. . In the matter of handling bills of exchange for collection, the relationship between customer and the bank is: 1) Trustee and the beneficiary
2) Principal and agent
3) Bailor and bailee
4) All of the above
5) None of the above
537. The host city of the G20 Finance
Ministers & Central Bank Governors'
Meeting in 2016, is
1) Adelaide 2hangzhaou
3) Sydney 4) Cairns 5) None of these
538. Which of the following statements on
Indian exports to Pakistan and Pak FDI
into India is/are correct? I. Entities incorporated in Pakistan
have been permitted to invest in India
subject to government approval
II. India can export items mentioned
in Pakistan's `Positive List'
III. India can export all items except those in Pakistan's 'Negative List'
1) I only 2) I and II only
3) II only 4) III and I only
5) All (I, II and III)
539. Who is the author of the book 'I was There
– Memoirs of a Cricket Administrator'?
1) Ajit Wadekar 2) Jaywant Lele
3) Chandu Borde 4) Kirti Azad
5) Jagmohan Dalmia
540. The American computer scientist who
created the C programming language at
Bell Laboratories His name?
38
1) Steve Jobs 2) Ken Thompson
3) Dennis Ritchie 4) Patrick Fischer
5) None of these
541. In which of the following day, the World
Diabetes Day is observed every year?
1) October 13 2) November 9
3) November 14 4) November 19 5) November 21
542. In India, November 11 is celebrated as the
National Education Day. It
commemorates the birthday of which of
the following eminent personalities? 1) S.Radhakrishnan
2) C.V.Raman
3) Maulana Abul Kalam Azad
4) A.P.J Abdul Kalam
5) B.C.Roy
543. Who wrote the book titled "A Shot at
History"?
1) Gagan Narang 2) VVS Laxman
3) Abhinav Bindra 4) Vinay Kumar
5) Manavjit Singh Sandhu
544. Which country has the world's largest
uranium reserves (24% of the planet's
known reserves) ?
1) Namibia 2) Russia 3) Australia 4) Ukraine
5) Mongolia
545. 'One Rank, One Pension' is associated
with
1) Indian Administrative Service 2) Indian Police Service
3) Indian Agriculture Service
4) Defence Services
5) one of these
546. The '__________Bank for International
Cooperation' has been allowed to pick up
26 per cent equity in the Delhi Mumbai
Industrial Corridor Development
Corporation (DMICDC) in August 2012
with LIC owning 25% and the government of India retaining 49%.
1) EU 2) Asian
3) Japan 4) Korea
5) None of these
547. According to the UN Convention on the
rights to children, which of the following
is not a right?
1) Safe drinking water
2) Adequate standard of living
3) Education 4) Marriage
5) None of these
548. TRAI stands for
1) Trans – Roadways Authority of India
2) Telecom Regulatory Authority of India
3) Transport & Roads Authority of India
4) Telecom Regulatory Authority of India 5) None of these
549. Who is the President of the World Bank?
1) Paul Wolfowitz
2) James Wolfensohn
3) Rodrigo De Rato 4) Allen Greenspan
5) Jim Yong Kim
550. Who among the following is India's chief
economic advisor?
1) C Rangarajan 2) Montek Singh Ahluwalia
3) Arvind subramayam
4) Raghuram Rajan
5) None of these
551. Which of the following is not correctly
matched according to recent data?
1) Bank Rate – 7.5%
2) Repo Rate – 6.5%
3) CRR – 4%
4) SLR – 22% 5) None of these
552. The full form of IRDA is
1) Insurance Regulatory and Development
Authority 2) International Reconstruction and
Development Association
3) India Road Development Agency
4) International Refinance and
Development Association
5) None of these
553. TRIPS and TRIMS are the terms
associated with which of the following
organization/ Institution?
1) IBRD 2) IMF 3) WTO 4) IDA
5) None of these
554. The main determinant of real wage is
extra earning
1) Purchasing power of money 2) Nature of work
3) Promotion prospect
4) None of these
555. Which are the first two Indian banks allowed to open branches in Pakistan in
August 2012?
1) HDFC Bank and ICICI Bank
2) SBI and Bank of India
3) ICICI Bank and Bank of India
4) SBI and HDFC Bank 5) None of these
556. Based on the recommendations of the
standing committee of the ministry of food
39
and consumer affairs the Union cabinet
recently cleared amendments to the
FCRA. It stands for 1) Foreign Companies Regulation Act
2) Failed Companies Regulation Act
3) Forward Contract Regulation Act
4) Future Commodities Regulation Act
5) None of these
557. What is the present CRR?
1) 4.50 % 2) 4.75%
3) 4.25% 4) 4%
5) None of these
558. The Reserve Bank of India (RBI) on
August 3, 2012 issued a notification
asking all NBFCs intending to convert
themselves into non – banking financial
company – micro finance institutions (NBFC – MFIs) to seek registration with
immediate effect. Which of the following
are compulsory for NBFC – MFIs?
I. They have to maintain net –
owned funds (NOF) at? 3 crore by March
31, 2013 II. They have to maintain net – owned
funds (NOF) at 7 5 crore by March 31,
2014
1) I only 2) II only
3) Neither I nor II 4) Both I and II 5) No Such Notification
559. The government on August 24, 2012
decided to increase its stake in _______ to
55.57 per cent by converting optionally
convertible debentures, (OCD) into equity. 1) NABARD 2) IFCI
3) SIDBI 4) NHB
5) None of these
560. UNASUR is a group of countries in which continent?
1) Asia 2) Africa
3) South America 4) Europe
5) None of these
561. During the period of inflation, tax rates should
1) Decrease 2) Increase
3) Fluctuate 4) Remain constant
5) None of these
562. Which is the biggest tax – paying sector in
India?
1) Agriculture sector
2) Transport sector
3) Industrial sector
4) Banking sector 5) None of these
563. Which of the following Indian banks
became the first to touch a market
capitalization of Rs. 1,00,000 crore in
India?
1) ICICI Bank 2) SBI 3) HDFC Bank 4) Bank of Baroda
5) None of these
564. Which of the following is not considered
as National Debt? 1) Long – term Government Bonds
2) National Savings Certificates
3) Provident Fund
4) Insurance Policies
5) None of these
565. Insurance Sector in India is monitored by
which of the following organizations/
institution?
1) RBI 2) SEBI
3) NABARD 4) IRDA 5) None of these
566. In which of the following nations
Muhammad Yunus, generally regarded as
the 'godfather of micro – finance', belongs
to? 1) Pakistan 2) Afghanistan
3) Bangladesh 4) India
5) China
567. Under MGNREGA for how many days in a year is a guaranteed employment given to
a eligible person –
1) 125 2) 150
3) 120 4) 75
5) 100
568. Moortidevi Award is given for excellence in
the field of –
1) Classical Dance
2) Literature
3) Classical Music 4) Social Service
5) Cinematography
569. Which of the following agencies in India is
responsible for computation of National
Income.
1) NSS 2) NCAER 3) RBI 4) SIDBI
5) CSO
570. Which of the following is not considered
as a green house gas. 1) Methane 2) CO2
3) Nitrous Oxide 4) Oxygen
5) All
571. Which of the following Bank is limited to
the needs of agriculture and rural finance?
1) RBI 2) IFC
3) SBI 4) NABARD
5) None of these
40
572. Scheduled Bank is that Bank which is –
1) Nationalized
2) Not Nationalized 3) Based at foreign country
4) Included in the second schedule of RBI
5) Registered under company act, 1956
573. Open Market operation of Reserve Bank of India is a part of it's
1) Income policy 2) Credit policy
3) Physical policy 4) Labor policy
5) None of these
574. Closed Economy is that economy in which –
1) Only Export takes place
2) Money supply is fully controlled
3) Deficit financing takes place
4) Neither export nor import takes place 5) None of these
575. The Reserve Bank of India in the month of
August, 2012 announced the launch of
field trials of polymer banknotes which
are more durable and provide better safeguard against counterfeiting of
currency. Which was the first country to
introduce polymer notes?
1) Canada 2) France
3) Australia 4) USA 5) None of these
576. How much are the unclaimed deposits
lying with the banks in India as on
December 31, 2011 according to
information provided by the Reserve Bank of India (RBI) under the Right to
Information Act, 2005?
1) Rs. 1480 crore 2) Rs. 2480 crore
3) Rs. 3480 crore 4) Rs. 4480 crore
5) Rs. 5480 crore
577. Interest Payable at savings bank account
is
1) Not regulated by the RBI
2) Regulated by the RBI
3) Regulated by the Central Government 4) Regulated by the Finance Ministry
5) Regulated by the concerned bank
578. Fixed deposit and recurring deposits are
1) Repayable on demand 2) Repayable after death of the depositor
3) Not repayable
4) Repayable after an agreed period
5) None of these
579. `What do you understand by 'T' in the cash dispenser widely known as ATM?
1) Transfer 2) Teller
3) Time 4) Tax
5) None of these
580. When a bank returns a cheque unpaid,
it's called
1) Payment of cheque 2) Drawing of the cheque
3) Dishonouring of the cheque
4) Canceling of the cheque
5) None of these
581. The Upper limit prescribed for RTGS
transaction is
1) Rs. 1 Lakh 2) Rs. 2 Lakh
3) Rs. 10 Lakh 4) Rs. 15 Lakh
5) No such upper limit
582. Which one of the following is an Indian
credit rating agency?
1) Moody's
2) Standard & Poor's
3) CRISIL 4) Fitch
5) None of these
583. FICN Stands for
1) Forged Indian Currency Note
2) Fresh Indian Currency Note 3) Fair Indian Currency Note
4) Fake Indian Currency Note
5) None of these
584. The Reserve Bank of India (RBI) on August 14, 2012 issued draft guidelines
to limit the exposure of banks to their
group companies. Which of the following
statements is/are correct?
I. If the group company is a non –
financial services company, the exposure will be limited to 10 per cent of paid – up
capital and reserves of the bank
II. If the group company is an
unregulated financial services company,
the exposure will be limited to 5 per cent of paid – up capital and reserves of the
bank
1) I only 2) II only
3) Both I and II 4) Neither I nor II
5) None of these
585. The Reserve Bank of India (RBI) , on
August 14, 2012, asked banks to ensure
that variation – between retail and bulk –
in interest rates on single term deposits of
..... and above' and other term deposits is minimal.
1) Rs. 5 lakh 2) Rs. 10 lakh
3) Rs. 15 lakh 4) Rs. 20 lakh
5) Rs. 25 lakh
586. Which of the following abbreviations used in Priority Sector Lending is/are matched
correctly?
I. PALS – Primary Agricultural Credit
Societies
41
II. FSS – Farmers' Service Societies
III. LAMPS – Large Agricultural Multi –
Purpose Co – operative Societies 1) I only 2) I and II only
3) 11 and III only 4) III and I only
5) None of these
587. Institute of Banking Personnel Selection is based at:
1) Mumbai 2) Bangalore
3) Hyderabad 4) Chennai
5) None of these
588. How many ATM withdrawals per month are allowed to 'Basic Savings Bank
Deposit Account' holders according to a
RBI notification on August 10, 2015?
1) 2 2) 3
3) 4 4) 5 5) 10
589. The portion of total deposits of a
commercial bank which has to kept with
itself in the norm of liquid assets is
called? 1) Statutory Liquidity Ratio
2) Cash Reserve Ratio
3) Statutory Reserve Ratio
4) Cash Ratio
5) None of these
590. In which of the following regions, did the
RBI first operationalised the Cheque
Truncation System?
1) Mumbai – Navi Mumbai
2) Delhi – NCR 3) Hyderabad – Secunderabad
4) North – Eastern Region
5) None of these
591. In which year the Reserve Bank of India, central banking institution of India, was
established?
1) 1921 2) 1806
3) 1949 4) 1935
5) 1947
592. The Reserve Bank of India issued new
norms for securitisation of loans by
NBFCs on August 21, 2016. Which of the
following statements is/are correct?
I. NBFC cannot securitise a loan unless three monthly instalments have
been paid by the borrower.
II. NBFC cannot securitise a loan of
between two and five years duration
unless six monthly instalments have been
paid by the borrower III. NBFC cannot securitise a loan of
above five years duration unless nine
monthly instalments have been paid by
the borrower
1) I only
2) I and III only
3) I and II only
4) All of these (I, II and III) 5) None of these
593. Institute for Development and Research in
Banking Technologies (IDRBT) is based at:
1) Mumbai 2) Hyderabad 3) Delhi 4) Bangalore
5) Kolkata
594. Which of the following was launched by
the RBI Governor at the Institute for
Development and Research in Banking Technology on August 3, 2012?
I. RuPay Payment Gateway
II. Mobile Banking Security Lab
III. Indian Banks Technology
Consortium 1) I only 2) I and II only
3) II and III only 4) III and I only
5) None of these
595. Which one of the following is the first
developmental financial institution in India that got merged with a banks?
1) IDFC 2) IDBI
3) ICICI 4) UTI
5) None of these
596. Which bank has become the first foreign
bank to open a branch in Israel's diamond
exchange?
1) Bank of India
2) Bank of Baroda
3) State Bank of India 4) HDFC
5) Punjab National Bank
597. Which country recently joined World
Trade Organization (WTO) ? 1) China 2) India
3) Luxemburg 4) Russia
5) Spain
598. Under banking ombudsman scheme, the
value of claim should not exceed 1) 1 Lakh 2) 5 Lakh
3) 10 Lakh 4) 15 Lakh
5) 20 Lakh
599. Which is the Central Bank to the Government in India.
1) SBI 2) RBI
3) ICICI 4) SEBI
5) None of these
600. Financial Inclusion means 1) Including every Indian citizen
financially.
2) Providing banking services to
metropolitan areas.
3) Special scheme for senior citizens.
42
4) Special scheme for government
employees.
5) None
601. Bulls and Bears is related with
1) Cricket 2) Shares
3) Football 4) Boxing
5) None of these
602. RTGS means
1) Money transfer from one branch to
another branch of the same Bank in real
time
2) Money transfer from one branch to another branch of the different Bank in
real time.
3) Money transfer from one Country to
another country in real time.
4) Both A & B 5) All of these
603. Nationalized Banks are also called as
1) Public Sector banks.
2) Private Sector banks.
3) Corporate banks. 4) MFI.
5) None
604. Which one is a private sector bank? 1) IDBI
2) Bank of Maharastra
3) HDFC
4) SIDBI
5) None of these
605. What do you understand by F in the term
NEFT?
1) Fine 2) Fund
3) Flow 4) Fundamental
5) None of these
606. What is Reverse Repo Rate??
1) It is the rate at which RBI gives loans to
its prime customers.
2) It is the rate at which RBI gives loans to
poor people. 3) It is the rate at which commercial
banks borrows rupees from RBI.
4) It is the rate at which RBI borrows
rupees from Commercial banks.
5) None
607. What is the present Statutory Liquidity
Ratio (SLR) rate?
1) 24% 2) 23%
3) 22% 4) 4.25%
5) None of these
608. What is Repo Rate??
1) It is the rate at which RBI gives loans to
its prime customers.
2) It is the rate at which RBI gives loans to
poor people.
3) It is the rate at which commercial banks borrows rupees from RBI.
4) It is the rate at which RBI borrows
rupees from Commercial banks.
5) None
609. Define the term KYC in banking sector.
1) Know Your Customer.
2) Know Your Consumer.
3) Know Your Collapse.
4) Knew Your Customer.
5) None.
610. The term NPA stands for
1) Non Performing Asset.
2) Non Performing Adopt.
3) Not Performing Asset. 4) Non Performal Asset.
5) None.
611. Which of the following registers the
highest density in the country as per
Census 2011? 1) West Bengal 2) Chandigarh
3) Puducherry 4) Delhi
5) Maharastra
612. Which of the following organizations/ institution set up the Regional Rural
Banks?
1) Reserve Bank of India
2) NABARD
3) SBI
4) Government of India 5) None of these
613. Initially, How many Regional Rural Banks
were established with the capital share
being 50% by the central government, 15% by the state government and 35% by
the scheduled bank?
1) Four 2) Five
3) Six 4) Seven
5) More than 7
614. In which of the following year Regional
Rural Banks (RRBs) were established in
India?
1) 1965 2) 1969
3) 1975 4) 1982 5) None of these
615. Recently, Government of India instructed
Regional Rural Banks to Increase its
branch network by how many percent
every year? 1) 5% 2) 10%
3) 15% 4) 20%
5) None of these
43
616. We Know initially five Regional Rural
Banks (RRBs) were set up in India in the
year 1975 and each RRB was sponsored by a nationalized bank, Which one of the
following nationalized banks was not a
part of this?
1) Syndicate Bank
2) Punjab National Bank 3) State Bank of India
4) Bank of India
5) United Bank of India
617. Which of the following Organization
refinance Regional Rural Banks (RRBs) ? 1) RBI
2) SBI
3) National Housing Bank
4) NABARD
5) None of these
618. What was the main objective behind the
setting up of Regional Rural Banks in
India?
1) To provide low cost financing and credit
facilities to the Slum dwellers in metro cities
2) To provide low cost financing and credit
facilities to the rural masses
3) To provide low cost financing and credit
facilities to the Urban masses 4) To provide low cost financing and credit
facilities to prospective car owners.
5) None of these
619. On October 2 1975 five Regional Rural
Banks (RRBs) were established by the Government of India with a goal to help
what type of economy?
1) Urban 2) Rural
3) Metropolitan 4) All of these
5) None of these
620. Which of the following is the principal
owner of a Regional Rural Bank (RRB) ?
1) Central Government
2) State Government
3) Reserve Bank of India 4) Sponsored Scheduled Bank
5) All of these
621. Recently which city became the first city
to officially host the modern Olympic Games three times?
1) Sochi, Russia 2) Beijing, China
3) Athens, Greece 4) London, UK
5) Sydney, Australia
622. In which of the following year UTI Bank rechristened itself as Axis Bank?
1) 1991 2) 1994
3) 2001 4) 2007
5) None of these
623. Which of the following day is observed as
World Breast Feeding day?
1) July 28 2) First Sunday of August
3) August 1
4) August 12
5) August 19
624. Who is the newly elected Deputy
Chairperson of the Rajya Sabha?
1) P.A Sangma
2) P.J Kurien
3) Pranab Mukherjee
4) Hamid Ansari 5) None of these
625. What is a multinational company?
1) A joint venture among more than two
countries 2) A company set – up with foreign
capital.
3) A company having operation in many
countries.
4) A company holding a monopoly over
the sale of a certain commodity in several countries
5) None of these
626. Which of the following statements
correctly define the meaning of Reverse Repo Rate?
1) The rate at which apex bank RBI lends
money to commercial banks.
2) The amount of funds that the
commercial banks have to keep with the
RBI. 3) The rate at which the apex bank RBI
borrows money from commercial banks.
4) The rate at which apex bank RBI allows
finance to commercial banks.
5) None of the above
627. At present in India, the monetary system
is managed by which of the following
organizations/ institutions?
1) Nationalized Banks
2) Reserve Bank of India 3) State Bank of India
4) Central Finance Ministry
5) None of these
628. The Central Government recently decided to subscribe to preferential equity shares
issued by which of the two public sector
banks?
1) SBI and UCO Bank
2) Bank of Baroda and Canara Bank
3) SBI and PNB 4) PNB and Union Bank of India
5) None of these
629. Which of the following bank become the
first Indian Bank to receive certification
44
for its 'Complaints Management System
(ISO 10002:2004) ' by the British
Standard's Institution (BSI) ? 1) Axis Bank
2) State Bank of India
3) Yes Bank
4) ICICI Bank
5) None of these
630. In which of the following year Axis Bank
(Axis Bank Limited) started it's operation?
1) 1991 2) 1994
3) 2001 4) 2007
5) None of these
631. Which of the following is treated as
artificial currency?
1) ADR 2) GDR
3) SDR 4) Equity shares 5) Both ADR and SDR
632. Which of the following statements is not
correct regarding prudential norms of
Reserve Bank of India (RBI) ?
1) Lending of Scheduled Commercial Banks, on a fortnightly average basis,
should not exceed 35 per cent of their
capital fund.
2) Banks are allowed to lend a maximum
of 50% of their capital fund on any day during a fortnight.
3) Borrowings by Scheduled Commercial
Banks should not exceed 100 per cent of
their capital fund.
4) Banks are allowed to borrow a
maximum of 125 per cent of their capital fund on any day, during a fortnight.
5) Banks are allowed to lend a maximum
of 25% of their capital fund on a
fortnightly basis.
633. Which bank has approved credit to
support India‘s project called Rashtriya
Madhyamik Shiksha Abhiyan?
1) Asian Development Bank
2) International Monetary Fund
3) World Bank 4) International Development Bank
5) OPEC Fund for International
Development
634. Which one of the following is responsible for the preparation and presentation of
Union Budget to the Parliament?
1) Department of Revenue
2) Department of Financial Services
3) Department of Economic Affairs
4) Department of Expenditure 5) Department of Fiscal Management
635. When the Reserve Bank of India(RBI)
announces an increase of the Cash
Reserve Ratio (CRR) , what does it mean?
1) The Reserve Bank of India will have
less money to lend
2) The commercial banks will have less money to lend
3) The Union government will have less
money to lend
4) The commercial banks will have more
money to lend 5) None of these
636. Hypothecation is: 1) A transaction of conditional sale
2) A legal transaction whereby goods may be made
available as security for a debt
3) Transfer of ownership by the borrower to the lender
4) Either a or b
5) None of the above
637. Payment of a cheque may be countermanded by the ___ 1) Payee
2) Drawer
3) True owner
4) Drawee
5) None of these
638. According to the proposed food security
bill, how much food grain will be given to
a person belonging to below poverty line (BPL) category per month?
1) 15Kg 2) 25Kg
3) 35Kg 4) 10Kg
5) 07kg
639. Which Indian Bank has taken step to form India‘s first Mortgage guarantee
entity just like other developed countries?
1) SBI
2) LIC Housing
3) National Housing Bank 4) HDFC
5) None of these
640. QFI (Qualified Foreign Investment) is
regulated in India by?
1) RBI 2) SEBI
3) Financial Action Task Force
4) IRDA
5) None of these
641. J.S. Verma Committee Report relates to:
1) Strengthening of weak banks
2) Corporate Governance
3) Bank Mechanization
4) All of the above
5) None of the above
642. Which of the following scheme has been
launched by the Government of India to
45
improve the health of pregnant and
lactating mothers?
1) Dhan Lakshmi Yojna 2) Matritva Sahayog Yojna
3) ASHA
4) Health for All Scheme
5) None of these
643. Many a time we read in financial
newspaper about Public Debt. Which of
the following is/are the components of
Public Debt.?
I. Market Loans
II. External Loans III. Outstanding against saving
schemes/ provident fund
1) Only I 2) Only II
3) I and II Only 4) III Only
5) All I, II and III
644. The Reserve Bank of India reviews its
credit and monetary policy at which of the
following intervals?
1) Once in every five years
2) Every quarter 3) Every year
4) When Union Budged is announced
5) None of these
645. In India the Foreign Exchange Reserve is kept in the custody of which of the
following Institutions?
1) EXIM Bank
2) Ministry of Finance
3) Treasury Offices
4) Reserve Bank of India 5) Select Public Sector banks
646. The term 'Half Nelson' is associated with
which of the following sport?
1) Polo 2) Golf 3) Wrestling 4) Tennis
5) Swimming
647. Christine Lagarde is holding which of the
following posts at present?
1) President of ADB 2) Chancellor of Germany
3) Minister of Finance, France
4) Managing Director of IMF
5) Director General of WHO
648. The Chairmanship of the Asian
Development Bank (ADB) is always
allotted to which of the following country?
1) South Korea 2) Philippines
3) Japan 4) Singapore
5) China
649. How many deputy governers are there in
RBI
1) 5 2)4
3) 6 4) 8
650. As decided by UNESCO, the International
Literacy Day is observed on which of the
following days every year? 1) September 8 2) March 18
3) March 28 4) September 18
5) None of these
651. 'Project Tiger' is a scheme launched by which of the following –
1) Government of Gujrat and Madhya
Pradesh
2) United Nations Wild Life Fund
3) Government of India
4) Society for Prevention of Cruelty to Animal(SPCA)
5) None of these
652. SBI recently launched SBI Virtual Card.
What type of Card is SBI Virtual Card? 1) Debit Card
2) Credit Card
3) Limit Debit Card
4) Limit Credit Card
5) None of these
653. A Usance Bill when presented for
acceptance has to be accepted/
dishonoured within:
1) 24 hours
2) 36 hours 3) 48 hours
4) 60 hours
5) 26 hours
654. Who was the governor of the Reserve
Bank of India at the time of its Nationalization?
1) D. Subbarao
2) Dr. Manmohan Singh
3) C.D. Deshmukh
4) O.A. Smith 5) None of these
655. Which bank first established the Talking
ATM in India?
1) United Bank of India
2) Bank of Baroda 3) State Bank of India
4) Union Bank (Union Bank of India)
5) None of these
656. Which of the following is not correct about the acceptance of deposits by the Non –
Banking Financial Companies (NBFCs) ?
1) They are allowed to accept/renew
public deposits for a minimum period of
12 months and maximum period of 60
months. 2) They cannot accept deposits repayable
on demand.
3) The repayment of deposits by NBFCs is
guaranteed by the RBI
4) Their deposits are not insured.
46
5) They should have minimum investment
grade credit rating.
657. Which one of the following is the correct
sequence in the decreasing order of
contribution of different sectors to the
Gross Domestic Product (GDP) of India?
1) Service – Agriculture – Industry 2) Service – Industry – Agriculture
3) Industry – Service – Agriculture
4) Industry – Agriculture – Service
5) Agriculture – Industry – Service
658. What is the present name of the erstwhile UTI Bank?
1) Yes Bank 2) IDBI Bank Ltd
3) Axis Bank 4) RBS
5) IndusInd Bank
659. Which of the following is not a Banking or
Finance company?
1) RBS 2) Barclays
3) Lufthansa 4) HSBC
5) BNP Paribas
660. Which of the following is not a money
market instrument?
1) Treasury Bills
2) Commercial Papers
3) Certificate of deposit 4) Equity Shares
5) None of these
661. Which of the following term refers to
Smart Money?
1) Foreign Currency 2) Internet Banking
3) Credit Card
4) Travelers Cheques
5) US Dollars
662. A Money Deposited in a Bank that cannot
be withdrawn for a preset fixed period of
time is known as a
1) Savings Bank Deposit
2) Checking Account
3) Term Deposit 4) No Frills Account
5) Current Deposit
663. Many Banks have launched their
subsidiaries which are fully owned by them. Banks launch subsidiaries
normally for which of the following
business?
I. Home Loan Business
II. To Sell Insurance Policies
III. To Control Online Operations or Internet Banking Business
1) Only I 2) Only II
3) Only III 4) All I,II and III
5) None of these
664. The Economic and Social Commission for
Asia and the Pacific (ESACAP) is
associated with which of the following organizations?
1) World Bank 2) European Union
3) SAARC 4) ASEAN
5) UNO
665. Invoice is a:
1) Accounting document
2) Legal document
3) Commercial document
4) All of the above
5) None of the above
666. Reserve Bank of India was established on
the recommendation of which
Commission/ Committee/ Act?
1) All India Rural Credit Survey Committee
2) Willingdon Committee
3) Hilton – Young Commission
4) Government of India Act
5) None of these
667. Who became the first overseas player to
get the honorary Life Membership of the
Sydney Cricket Ground(SCG) in 2012?
1) Jonathan Trot
2) Brian Lara 3) Rahul Dravid
4) Sachin Tendulkar
5) V.V.S.Laxman
668. Bharti Airtel became the first telecom
player to launch the 4G service in India
on April 11, 2012. In which city was this service launched?
1) New Delhi 2) Kolkata
3) Bangalore 4) Mumbai
5) Chennai
669. Fortune magazine has released the list of
"12 Greatest Entrepreneurs of our Time".
Who is the only Indian in this list?
1) Ratan Tata
2) Mukesh Ambani
3) Dhirubhai Ambani 4) N.R.Narayana Murthy
5) Azim Premji
680. Which of the following offenses is
investigated by National Investigation Agency (NIA) ?
1) Communal 2) Corruption
3) Terrorist 4) Environmental
5) None of these
681. Headquarter of SAARC is situated in 1) Maldives 2) Bhutan
3) Nepal 4) Sri Lanka
5) Bangladesh
47
682. Jwala Gutta is associated with which
game
1) Long Jump 2) High Jump 3) Badminton 4) Discus throw
5) Javelin throw
683. Which among the following bank was
merged in PNB in 90‘s 1) New Bank of India
2) Bank of Rajasthan
3) Bank of Indore
4) Bank of Punjab
5) None of these
684. Which state government in India recently
issued 'Samajik Mukti' smart card to the
workers of unorganized sector?
1) Bihar 2) Tripura
3) Tamil Nadu 4) West Bengal 5) None of these
685. Business Correspondent framework
launched by the Reserve Bank of India is
a step in achieving which of the following?
1) Transparency in Banking transactions 2) Financial Inclusion
3) Better control over cooperative
4) Providing direct subsidy to consumers
of Public Distribution System (PDS) .
5) None of these
686. We often heard the term DRS in News
Papers or in News Channels. What 'R'
mean in DRS?
1) Receive 2) Receipt
3) Review 4) Replay 5) None of these
687. Victoria Azarenka is associated with Lawn
Tennis belongs to which country?
1) Belgium 2) Belarus 3) Brazil 4) Serbia
5) None of these
688. Head office of which of the following Bank
is in Kolkata?
1) Union Bank of India 2) United Bank of India
3) Punjab National Bank
4) State Bank of India
5) None of these
689. Which of the following Awards is given for
excellence in the field of Music?
1) Kalidas Samman
2) Saraswati Samman
3) Tansen Samman
4) Arjuna Award 5) None of these
690. On which day World Oceans Day is
observed?
1) May 8 2) June 8
3) July 8 4) August 8
5) None of these
691. Which of the following is true about
RuPay?
I. It is a domestic card payment
network
II. RuPay is the Indian wing of Visa Inc
III. RuPay Network was setup bu
National Payments Corporation of India
(NPCI)
1) Only I is true
2) Only II is true 3) Only I and III are true
4) All True
5) None True
692. The Government is planning to set up a new body to oversee telecom and cyber
security called the
1) International Telecom Network Security
Coordination Board
2) National Telecom Network Security
Coordination Corporation 3) National Telecom Network Security
Coordination Board
4) International Telecom Network Security
Coordination Corporation
5) None of these
693. On which of the following dates it the
National Youth Day observed to
commemorate the birth anniversary of
Swami Vivekanand? 1) January 11 2) January 12
3) January 13 4) January 14
5) January 15
694. The third phase of Red Ribbon Express has been lainched recently and will cover
23 states of India. The Red Ribbon
Express is designed to spread awareness
about
1) Corruption
2) HIV/AIDS 3) Official Red – tapism
4) Honour Killing
5) Awareness against Maoists
695. Who among the following has wrote the book titled ―Idea of Pakistan‖?
1) General Kayani
2) Stephen Cohen
3) Yousuf Raza Gilani
4) Imran Khan
5) Gen Parvez Musharraf
696. NRI day is celebrated on which date?
1) January 8 2) January 9
3) January 10 4) January 11
5) First Sunday of January
48
697. Homai Vyarawalla, was India's first woman
1) Speaker of the Lok Sabha
2) Governor of an Indian State
3) Photo Journalist
4) Captain of Woman's Cricket Team 5) Advocate General
698. Who among the following has written the
book ―Non – Stop India‖?
1) Wilson John 2) Mark Tully
3) Chetan Bhagat 4) Gurcharan das 5) Raj Kamal Jha
699. Which of the following country is the
highest source for foreign direct
investment to India, accounting for 40% of FDI flow in the last ten years, according
to the RBI?
1) USA 2) Mauritius
3) UK 4) Singapore
5) None of these
700. The government plan to set up a Green
National Accounting (GNA) system to
evaluate impact of economic growth on
environment. Who has been selected as
the chairperson of the expert group GNA? 1) Madhav Gadgil
2) Parthasarathi Shome
3) B. Ulhas Karanth
4) Partha Dasgupta
5) None of these
701. The government has approved the revival
of Scooters India Limited (SIL) through
induction of a joint venture partner
recently. SIL sells scooters under
which trademark? 1) Bharat
2) Vikram
3) Bajaj Scooter
4) Vijay
5) Mayur
702. Where was the World Spice Organization
(WSO) set up recently?
1) Kannur 2) Kochi
3) Kollam 4) Kottyam
5) None of these
703. Which of the following is not one of the
objectives of setting up the Warehousing
Development and Regulatory Authority?
1) To improve farm sector Yield
2) To enable farmers to avail of loans against food grains stored
3) To reduce post – harvest losses in
foodgrain storage
4) To prevent post harvest distress sales
by farmers
5) None of these
704. Which of the following is not among the
Industries/sectors given priority in
natural gas supply in the country?
1) Steel 2) Fertilizer
3) LPG 4) Power 5) None of these
705. The Financial year for Banks is April –
March but is the financial year for RBI?
1) April – March 2) July – June
3) January – December
4) October – September
5) None of these
706. Which is the latest method for payment of
Income tax dues to the government?
1) Internet 2) RTGS
3) NEFT 4) ATM
5) None of these
707. 'World Economic Outlook' report is
published by –
1) IMF 2) RBI
3) UNCTAD 4) World Bank
5) None of these
708. 'Operation Twist' is the New Name given
to America's Federal bank strategy related
to –
1) Selling Gold Reserves in the market
2) Curtailing down assistance 3) Increasing Outsourcing activities
4) Reducing Interest rate to promote long
– run loans
5) None of these
709. The first air – conditioned double decker
train in India has been started between –
1) Howrah – Patna
2) Sealdah – Darjeeling
3) Howrah – Delhi
4) Howrah – Dhanbad 5) None of these
710. Which of the following has launched the
‗Trans Union Score‘ that will indicate
credit – worthiness of consumers applying for loan from Banks? –
1) Experian Credit Information Co
2) Credit Information Bureau Ltd.
3) Indian Credit Rating Agency
4) Equifax Information services
711. Which bank has announced an end to its
‗teaser‘ home loans? –
1) HDFC 2) SBI
3) ICICI 4) UBI
5) None of these
49
712. The government has launched ‗Service
Discharge Benefit Scheme‘ for over 2.7 lakh employee of which organization
recently? –
1) Department of Telecom
2) Indian Army
3) Department of Posts 4) Indian Railways
713. Accredited Social Health Activists (ASHAs)
in which state are known as ‗Mitanins‘? –
1) Jharkhand 2) Rajasthan
3) Chattishgarh 4) Odisha 5) None of these
714. ‗Health and Wellness Tourism –
Advantage India‘, a study that offers a 10
points prescription to boost health and wellness tourism in India, is a joint
initiative of Yes Bank and _________.
1) MCI 2) FICCI
3) IMA 4) CII
5) None of these
715. Kimberley Process certificates are
compulsory for trade in which of the
following? –
1) Diamond
2) Gold 3) Radioactive materials
4) All of the above
5) None of these
716. The Foreign Contribution Regulation Act
(FCRa) 2010 came into effect from May 1, 2011. Which of the following statements
is/ are correct?
I. Organizations of political nature
can receive foreign funds only after prior
clearances from the government. II. Organizations that receive foreign
funds will have to renew their registration
once every three years.
III. Banks will have to immediately
report to the government about all foreign
funds exceeding Rs. 10 Lakh. 1) I only 2) II Only
3) III Only 4) I and II only
5) None of these
717. Who is the present Cabinet Secretary? – 1) A.K Seth 2) Vinod Rai
3) A.K. Sen 4) Jahar Sarkar
5) None of these
718. The Reserve Bank of India has increased
the amount of money that can be loaded on Mobile Phones(Mobile Wallet) to
__________ from the existing limit of Rs.
5000 recently. –
1) Rs. 50,000 2) Rs. 15,000
3) Rs. 25,000 4) Rs. 10,000
5) None of these
719. Which of the following statements about new RBI policy on bank loans to Non –
banking Finance Companies (NBFCs)
is/are correct? –
I. Bank loans to NBFCs will not
come under priority sector lending II. NBFCs cannot charge a rate of
interest higher than the RBI prescribed
rate in lending funds borrowed from
banks.
III. The Interest margin earned by
NBFCs in lending funds borrowed from banks cannot exceed the ceiling of the
RBI.
1) I only 2) II only
3) III only 4) I and II Only
5) None of these
720. Which of the following has proposed the
setting up of a National Knowledge
Functional Hun(NKFH) to facilitate
interaction between the industry and
institutions of higher education to produce better quality manpower
recently? –
1) National Knowledge Commission
2) ASSOCHAM
3) CII 4) FICCI
5) None of these
721. Nuclear plants in India have an ‗Exclusion
Zone‘ of ________ surrounding the power
stations, in which no habitation is permitted.–
1) 1.4 Km 2) 1.6 Km
3) 16 Km 4) 8.4 Km
5) None of these
722. Improving regulation of which of the
following was the subject of the Finance
Ministry appointed KP Krishnan
Committee? –
1) Credit Ration Agencies
2) Mutual Funds 3) Microfinance Institutions
4) Life Insurance companies
5) None of these
723. ‗Asha‘ is a low – priced milk food drink introduced for rural consumers by which
of the following? –
1) Cadbury
2) Amul
3) Glaxo Smith Kline
4) Nestle 5) None of these
724. Which of the following has launched ‗Tiny
Cards‘ with biometric Identifications to
50
expand the coverage of banking services
in rural parts of the country? –
1) ICICI Bank 2) UBI 3) NABARD 4) SBI
5) Bank of India
725. Which of the following is the new income
tax return from salaried employee introduced by the finance ministry
recently –
1) Suvidha 2) Sahaj
3) Sugam 4) Saral
5) None of these
726. Anushakti Vidhyut Nigam Ltd was
incorporated as a joing venture between
Nuclear power Corporation of India lts
and which of the following recently? –
1) NMDC 2) NHPC 3) BHEL 4) NTPC
5) None of these
727. Which of the following become the first oil
and gas company to find shale gas
deposits in India recently? 1) Reliance Industries Lts.
2) Cairn India
3) Essar Oil
4) ONGC
5) None of these
728. Infant Mortality Rate data for high focus
states(states where IMR is above national
average) is collected once every five years.
The Union health Ministry has now
decided to collect such data __________ – 1) Half – yearly
2) Annually
3) once every two years
4) once every three years
5) None of these
729. The term ‘round – tripping‘ often appears
in financial news these days. What does it
mean? –
1) Importing products that are not easily
available in the domestic markets. 2) Indian companies re – exporting
imported products without any value
addition.
3) Bringing back illicit money hidden
abroad by Indians under a different name 4) Imposing high customs duty to
discourage dumping goods in Indian
Market
5) None of these
730. Which of the following was founded in 1956 by the Government of India with
funding from the Ford Foundation? –
1) National Institute of Public Finance and
policy
2) National Institute of Bank management
3) National Council of Applied Economic
Research
4) National Institute of Financial Management
5) None of these
731. CARINGS has been launched by Ministry
of Women and Child Development to – 1) Improve gender parity
2) reduce infant mortality
3) facilitate adoption
4) Improve child immunization
5) None of these
732. The Union Cabinet has approved amendments in the Coinage Bill 2009
that seeks to amalgamate four existing
acts relating to coinage recently. Which of
the following acts is the oldest? –
1) The Indian Coinage Act 2) The Small Coins (Offenses) act.
3) The Medal Token Act
4) The Bronze Coin (Legal Tender) act
5) None of these
733. Which of the following organization has introduced a new tool named Data Ware
Housing and Business Intelligence System
(DWBIS) for speedy analysis of data and
identification of violations? –
1) IRDA 2) SEBI 3) RBI 4) TRAI
5) None of these
734. The government has introduced three new
consumer price indices – CPI (Rural) , CPI
(Urban) , CPI (Combined) – with 2010 as the base year recently. Which of the
following is not among the five major
commodity groups covered in the indices?
–
1) Food, beverages and tobacco 2) Fuel and light
3) Education and schooling
4) Housing
5) None of these
735. Which of the following does not come under the definition of Scheduled
Commercial Banks in India? –
1) Scheduled State Co – Operative banks.
2) Scheduled Urban Co – Operative
banks. 3) Regional Rural banks
4) None of the above
5) None of these
736. The headquarter of Punjab National Bank
is at – 1) New Delhi 2) Mumbai
3) Kolkata 4) Punjab
5) None of these
51
737. Which of the following is not listed on
stock exchanges in India? –
1) Fertiliser Companies 2) NBFC‘s
3) Insurance Companies
4) Air lines
5) None of these
738. Which among the following is not a
product of banks? –
1) Saving A/c 2) Current A/C
3) Debit Card 4) Credit Card
5) Debentures
739. Who was the governor of RBI who
represented India in Bretton wood
negotiations in 1944? –
1) O.A Smith
2) C.D Deshmukh 3) Duvvuri Subbarao
4) Manmohan Singh
5) None of these
740. Which of the following has become the
first state in India to announce a monthly allowance to unemployed under –
graduates recently? –
1) Goa 2) Kerala
3) Tamil Nadu 4) West Bengal
5) None of these
741. Ms. Arundhati Bhattacharya is the
Chairman and Managing Director of
which Commercial Bank in India –
1) UBI
2) PNB 3) SBI
4) Bank of Baroda
5) None of these
742. Which of the following about the FDI in retail sector is/are correct? –
I. 100% FDI is permitted in cold
chain through automatic route.
II. 100% FDI is permitted in
wholesale cash and Carry.
III. Upto 33% FDI is permitted in single brand retail.
1) I only
2) I and II only
3) III only
4) I, II and III – All Correct 5) None of these
743. Currently the total number of SBI
Associate Bank working? –
1) Eight 2) Seven
3) Six 4) Five 5) Four
744. ING Group is originally belongs to which
country? –
1) Great Britain 2) Netherlands
3) South Africa 4) Japan
5) None of these
745. Standard Bank is originally belongs to
which country? –
1) Great Britain 2) Netherlands
3) South Africa 4) Japan
5) None of these
746. ‗The Nation banks on us‘ is a business
tagline of which commercial bank in
India? –
1) Punjab National Bank
2) UBI 3) Bank of Baroda
4) SBI
5) None of these
747. The Bombay Stock Exchange launched the BSE TASIS Shariah 50 – a stock index
that is compliant with Shariah – recently.
The index cannot invest in shares of
companies in which of the following
sector? –
I. Banking II. Cement and Steel
III. Alchohol and Tobacco products
1) I only 2) II only
3) I and III only 4) III Only
5) None of these
748. The first nationalized bank in India? 1)
SBI 2) RBI
3) PNB 4) UBI
5) None of these
749. Which of the following has decided to
enter the nuclear power sector following
an agreement with the Nuclear Power
corporation recently?
1) Tata power 2) NHPC 3) ONGC 4) Indian Oil
5) None of these
750. Which of the following bank has launched
the ‗ Bank on Bike‘ initiative to cover
villages untouched by banking facilities so far, recently?
1) PNB 2) Bank of India
3) Bank of Baroda 4) SBI
5) None of these
751. Which of the following is the oil
exploration and production company
operating in Siberia and owned by the
ONGC? –
1) Venture Production
2) Regal petroleum 3) Imperial energy
4) Enterprise Oil
5) None of these
52
752. Which of the following is not covered
under the compulsory labeling
programme of the Bureau of Energy Efficiency (BEE) ? –
1) Air Conditioner
2) Geysers
3) Refrigerators
4) Distribution Transformers 5) None of these
753. The headquarter of Allahabad Bank is at –
1) Allahabad 2) Lucknow
3) Kolkata 4) New Delhi
5) None of these
754. Which foreign banks publishes the
monthly Purchasing Managers Index (PMI)
that measures the health of
manufacturing sector in India and based on a survey of top 500 companies? –
1) HSBC 2) Barclays Bank
3) Citi Bank 4) Sanchart Bank
5) None of these
755. The headquarter of Bank of India is at – 1) Kolkata 2) Baroda
3) New Delhi 4) Mumbai
5) None of these
756. In 2010 which of the SBI Associates Bank was merged with the mother bank – SBI?
–
1) State Bank of Saurastra
2) State Bank of Indore
3) State Bank of Bikanir
4) State Bank of Jaipur 5) None of these
757. Tax on short term capital inflows is
named after which Nobel Laureate in
economics? – 1) Gary Becker
2) James M. Buchanan
3) James Tobin
4) Myron Scholes
5) None of these
758. We often come across the term Production
Sharing Contract (PSC) in financial news
these days. PSC refers to sharing of
output with the government by
companies, public sector as well private ones, in which sector? .
1) Fertiliser 2) Food Processing
3) Telecoms 4) Petroleum
5) None of these
759. The apex body in Insurance sector in
India is
1) SEBI
2) RBI
3) Ministry of Finance
4) IRDA
5) None of these
760. Life insurance corporation of India was
created in which year? –
1) 1st September 1956
2) 1st January 1956
3) 22nd November 1972 4) 1st April 1949
5) None of these
761. Cairo Programme of Action(POA) refers to
which of the following? –
1) Vaccination 2) Adult Literacy
3) Food Security
4) Population control
5) None of these
762. Industrial Development Bank of India
(IDBI) was established in which year? –
1) 1956 2) 1964
3) 1982 4) 1988
5) None of these
763. Which of the following has/have been
selected as the sole fund manager by the
Employees Provident Fund Organisation
(EPFO) to manage its corpus of about Rs.
3.5 Lakh recently? – 1) State Bank of India
2) ICICI Prudential
3) HSBC
4) Reliance Capital
5) none of these
764. What is the objective of the central
registry launched under the provision of
the SARFAESI Act 2002, recently?
1) To Prevent leakage of funds in delivery
of central government sponsored rural employment schemes
2) To prevent tax evasion by Indians by
keeping track of large transactions in the
banking system.
3) To prevent frauds in loan cases
involving multiple lending from different banks on the same asset
4) To ensure timely delivery of agricltural
credit under priority sector norms by
Public Sector Banks
5) None of these
765. Rabobank has received the Reserve Bank
of India approval to set up its first branch
in India recently. It is a bank
headquartered in which country? –
1) France 2) Belgium 3) Britain 4) Netherlands
5) None of these
766. Justice Wadhwa Committee is reviewing
the functioning of which of the following?
53
1) Mid – Day meal programme
2) Public distribution system
3) Rashtriya Swasthya Bima Yojna 4) Indira Awas Yojna
5) None of these
767. Which of the state was in news for
passing a Bill for regulating Micro Finance Institutions recently?
1) Tamil Nadu 2) Bihar
3) Karnataka 4) Andhra Pradesh
5) None of these
768. In which year National Housing Bank was
established? 1) 1998 2) 1988
3) 1978 4) 1982
5) None of these
769. The pension fund regulatory and development authority (PFRDA) has taken
which of the following decision to
popularize the New Pension System (NPS)
recently?
1) It has increased government subsidy
for NPS deposit holders 2) It has increased distributors
commission.
3) It has allowed premature withdrawal
4) It has increased the interest rate on
NPS deposits 5) None of these
770. The general insurance business in India
was nationalised by Government of India
in which year?
1) 1971 2) 1972 3) 1982 4) 1956
5) None of these
771. What is meant by recent news reports
saying – ‖Indian Rupee is appreciating‖? – I. The purchasing power of the
Rupee in India has declined
II. The Exchange rate of Rupee in
India has gobe up
III. The purchasing power of the
Rupee in India has gone up 1) I Only 2) II only
3) Both II and III 4) III only
5) None of these
772. GRIHA rating system is used for which of the following? –
1) Cement 2) NBFC‘s
3) Buildings 4) Gold
5) None of these
773. Which of the Public Sector Companies
Sold Gold coins and Silver ornaments under the trademark ‗Sanchi‘? –
1) Rate Earths Ltd
2) Minerals and Metals Tradng
Corporation (MMTC)
3) State Trading Corporating (STC)
4) National Minerall Development
Corporation (NMDC)
5) None of these
774. What does the word ‗remittances‘, a word
we often come across in newspaper article
on Foreign exchange reserve, refers to –
1) Money transfer by a Migrant worker to their home country
2) Postponement of Payment to the IMF
3) Donation by Individuals to a charity
4) Taxation obligation of developing
countries
5) None of these
775. What is the objective of the National
Mission for Electric Mobility launched
recently?
1) Promoting the use of Battery operated vehicles
2) Promoting the use of energy savings
devices
3) Promoting the replacement of diesel by
electric locomotives in Indian railway
4) Promoting the spread of mobile services in Rural Areas in India
5) None of these
776. Which state in India has launched the
‗Jeevandhara‘ programme to provide quality medicines at affordable prices to
the poor recently? –
1) Andhra Pradesh 2) Gujrat
3) Maharastra 4) Rajasthan
5) none of these
777. What is the objective of India Smart Grid
Forum (ISGF) ? –
1) To Promote R and D collaboration
between universities and industry
2) To promote energy efficiency in power sector
3) To promote the use of Non – renewable
source of energy
4) To promote higher education using
Broadband.
5) None of these
778. Which of the following became the India‘s
first bank to facilitate payment of Income
tax using ATM recently? –
1) State Bank of India 2) Union Bank of India
3) Punjab National Bank
4) Canara Bank
5) None of these
779. The government had approved the creation of posts of ‗Indirect Tax
Ombudsmen‘ in several cities recently? –
I. It will be set up in Seven Cities
II. It will examine public complaints
on Income Tax matters
54
III. It will have the powers to give
settle claims and give ―awards‖ to the
aggrieved parties 1) I only 2) II Only
3) II and III Only 4) I and III Only
5) None of these
780. Which of the following statement is/are correct about the distribution of Central
Financial Assistance to states?
I. Central Financial Assistance for
States is calculated according to the
Gadgil Formula
II. The highest weightage is given to the per capita income of the state
III. The lowest weightage is given to
the population of the state.
1) I Only 2) II only
3) I and II only 4) III only
781. The all india federation of Horological
Industries represents the Interest of
Which of the Following Sectors?
1) Watch
2) Horticulture 3) Gems and Jewelery
4) Pharmaceuticals
5) None of these
782. The abbreviation ‗EAG States‘ mentioned in the Census 2011 refers to which of the
following? –
1) Eligible Action Group States
2) Economically Advancing Group States
3) Empowered Action Group States
4) Empowered Advancing Group States 5) None of these
783. Power produced from which of the
following sources has the highest share in
India‘s annual power generation capacity? –
1) Hydro 2) Coal
3) Gas 4) Nuclear
5) None of these
784. Monetary policy Referes to the policy of – 1) Money Lenders
2) Government
3) Commercial Banks
4) RBI
5) None of these
785. Controller of credit of commercial banks
in India is –
1) SBI 2) SEBI
3) RBI 4) ICICI
5) UTI
786. First Bank in India with full liability and
managed by Indian was –
1) Bank of Hindusthan
2) Allahabad Bank
3) Punjab National Bank
4) Traders Bank
787. Bank of Calcutta was established in –
1) 1801 2) 1806
3) 1809 4) 1843
5) None of these
788. The rate at which RBI takes loans from
commercial banks is known as –
1) Repo rate
2) Reverse Repo Rate
3) Bank rate
4) Interest rate 5) None of these
789. Initially, at the time of establishment of
Reserve Bank of India, the headquarter of
RBI was situated in – 1) Mumbai 2) Delhi
3) Kolkata 4) Madras
5) None of these
790. Bank of Bengal, Bank of Bombay, Bank of
Madras were also known as – 1) Presidency Banks
2) Traders Bank
3) Imperial Banks
4) None of these
5) None of these
791. The imperial bank of India was converted
to State Bank of India on 1st July 1955
on the basis of recommendation made by
–
1) All India Rural Credit Survey Committee
2) Mudalliar Committee
3) Abid Husen Committee
4) None of these
792. First report of Narasimham Committee
was submitted in –
1) 1991 2) 1998
3) 1995 4) None of these
793. The second report of Narasimham Committee regarding India‘s Banking
Sector reforms submitted in –
1) 1991 2) 1998
3) 1997 4) 2008
5) None of these
794. Which committee had recommendation to
reduce the value of SLR and CRR –
1) Narasimham Committee
2) Chakraborty Committee
3) Ranjarajan Committee 4) None of these
795. When face value of currency is higher
than internal values – this currency
known as –
55
1) Fiat Currency 2) Soft Currency
3) Token currency 4) Hard currency
5) None of these
796. When a currency is enforced by law it is
known as –
1) Fiat Currency 2) Soft Currency
3) Token currency 4) Hard currency 5) None of these
797. In the ‗Dear Money Policy‘ of RBI –
1) Money supply is raised by reducing the
value of Bank Rate
2) Money supply is reduced by increasing the value of Bank Rate
3) Money supply is increased by
increasing the value of Bank rate
4) Money supply is reducred by increasing
the value of bank rate 5) None of these
798. In which country some federal banks act
as the central bank being united –
1) USA 2) UK
3) China 4) Germany 5) None of these
799. Bank of International Settlement was
established in –
1) 1930 2) 1935 3) 1940 4) 1945
5) 1949
800. Deposit Insurance corporation, a fully
subsidiary of RBI, was established by RBI
in – 1) 1962 2) 1965
3) 1970 4) 1978
5) 1980
801. Presently the monetary policy of RBI is based on the recommendation of –
1) Chakraborty Committee
2) Narasimham Committee
3) Abid Hused Committee
4) Kelkar Committee
5) None of these
802. A currency whose exchange rate tends to
fall because of persistent balance of
payment deficit is known as –
1) Hard currency 2) Soft Currency
3) Gold Currency
4) Sinking Currency
5) Fiat Currency
803. Modernised Currency notes presses in India are located in
1) Mysore in Karnataka
2) Salboni in West Bengal
3) Hyderbad in Andhrapradesh
4) Both a and b
5) None of these
804. Bank rate of RBI is also known as – 1) Interest Rate 2) Discount Rate
3) Fed rate 4) Bid rate
5) Base rest
805. Which of the following is not the any element of quantitative credit control
policy of RBI –
1) CRR
2) SLR
3) Selective credit control
4) Open market operation. 5) None of these
806. At present CRR of RBI is –
1) 4% 2) 7.5%
3) 8.5% 4) 3.75% 5) None of these
807. The limitation of CRR of RBI is –
1) 3 – 10% 2) 3 – 15%
3) 15 – 38% 4) 10 – 25%
5) None of these
808. The apex organization of Indian money
market is –
1) SBI 2) SEBI
3) RBI 4) IRDA 5) None of these
809. If the cash reserve is lowered by RBI, what
will be its effect on credit creation –
1) Decrease
2) Increase 3) No Change
4) first increase then decrease
5) None of these
810. The expansion of money supply of an economy depends on –
1) The policy of CRR
2) The bank rate policy
3) Open market operation
4) All of these
5) None of these
811. Among the following who are eligible to
benefit from the Mahatma Gandhi
National Rural Employment Guarantee
Act? – 1) Adult Members of only the scheduled
caste and scheduled tribe holders
2) Adult of below poverty line household
3) Adult members of household of all
backward community
4) adult members of any rural household 5) None of these
812. Which of the following banks merged with
Punjab national banks in 1993 –
1) New bank of India
56
2) Central Bank of India
3) Imperial Bank of India
4) Common bank of India 5) Bank of Rajasthan
813. A currency, the exchange values of which
is expected to remain stable due to strong
performance by it‘s economy. This currency is –
1) Soft Currency 2) Hot currency
3) Fiat currency 4) Hard Currency
5) Fiat Currency
814. The Reserve Bank of India issues under the following note issue method? –
1) Proportional Reserve System
2) Minimum Reserve System
3) Maximum Reserve System
4) Fixed Fiduciary System 5) None of these
815. What is a Scheduled Bank? –
1) A bank having Rs 10 Crore deposits
2) A bank having Rs 100 Crore deposits
3) A bank having Rs 5 Crore deposits 4) A bank included in the second
schedule of RBI act 1934.
5) None of these
816. How many languages are used on a Ten Rupee note? –
1) 2 2) 7
3) 10 4) 15
5) 16
817. The place where bankers meet and settle their mutual claims and accounts is
known as –
1) Treasury
2) Clearing House
3) Dumping House 4) Collection centre
5) Convention Centre
818. The largest Public sector bank in India –
1) SBI 2) PNB
3) RBI 4) ICICI 5) None of these
819. Which of the following is not the function
of RBI –
1) Banker‘s bank 2) Banker to public
3) Custodian of foreign exchange
4) Bankers to Govt.
5) None of these
832. Who is responsible for the collection and publication of monetary and financial
information –
1) Finance Commission
2) Finance ministry
3) RBI
4) Auditor and Comptroller general of
India
5) Cabinet Secretary
820. Which of the following regulatory
authority to oversee the new issues,
protect the investment and investors,
promote the development of Capital Market and regulate the working of Stock
Exchange –
1) UTI 2) IRDA
3) RBI 4) SEBI
5) None of these
821. After a long span of 22 years, RBI released
Rs.1000/ – currency note for circulation
in –
1) 2000 2) 2002
3) 2005 4) 2008 5) 2004
822. Regional Rural banks are working in all
states of the country except –
1) Sikkim and Goa
2) Sikkim and Manipur 3) Manipur and Nagaland
4) Jammu and Kashmir
5) Goa and Meghalay
823. The National Housing Bank is a subsidiary of –
1) RBI 2) NABARD
3) IDBI 4) UTI
5) SIDBI
824. At present the ceiling of Foreign Direct Investment (FDI) in insurance sector in
India is –
1) 26% 2) 49%
3) 51% 4) 74%
5) 20%
825. Rs. 25 Paisa was ceased by the Govt of
India on –
1) 30th June 2011
2) 30th July 2011
3) 1st January 2011 4) 1st July 2011
5) 1st April 2011
826. Initial Public Offering (IPO) is associated
with – 1) RBI
2) Stock Exchange
3) IRDA
4) Indian Postal Service
5) NBFC
827. The Basic regulatory authority for mutual
funds and stock markets lies with the –
1) Government of India
2) Reserve Bank of India
57
3) Securities and Exchange Board of India
(SEBI)
4) Stock Exchange 5) None of these
828. First Governor of RBI was –
1) Hilton Young
2) Paul Samuelson 3) C.D.Deskmukh
4) O.A Smith
5) None of these
829. At the time of nationalization who was the
Governor of RBI – 1) O.A Smith 2) J.B Taylor
3) C.D. Deshmukh 4) K.C.Neogy
5) None of these
830. The RBI was nationalized in the year –1) 1949 2) 1956
3) 1959 4) 1947
5) None of these
831. The general superintendence and director
of the bank is entrusted to central board of directors of –
1) 10 members 2) 21 members
3) 25 members 4) 30 members
5) None of these
832. Paper currencies of our country are
issued by RBI under –
1) Section – 22 of the RBI act – 1934
2) Section – 24 of the RBI act – 1934
3) Section – 28 of the RBI act – 1934
4) Section 43 of the RBI act of 1934 5) None of these
833. One rupee currency notes bear the
signature of –
1) PM 2) President of India
3) Governor of RBI
4) Finance Secretary of India
5) None of these
834. Ten rupees notes bear the signature of – 1) President
2) Finance Minister
3) Secretary of Ministry of finance
4) Governor of RBI
5) None of these
835. Which of the following is the banker of the
banks –
1) IDBI 2) SBI
3) RBI 4) UTI
5) None of these
836. In which of the following banks one can‘t
open a personal account –
1) Co – Operative Banks
2) Commercial banks
3) Regional Rural Banks
4) RBI
5) None of these
834. Which of the following banks is the
banker to the government –
1) SBI 2) SEBI
3) RBI 4) IRDA 5) None of these
838. Which of the followings are the function of
RBI –
1) Regulation of currency and flowing of
credit system 2) Maintaining exchange values of rupee
3) Formulating monetary policy of India
4) Banker‘s bank
5) All of these
839. Credit rationing in India is done by –
1) SBI 2) LIC
3) UTI 4) RBI
5) None of these
840. The first bank of India was – 1) Bank of Hindusthan
2) Imperial Bank
3) Bank of Bengal
4) Oudh Commercial Bank
5) PNB
841. The first Indian fully liability and
managed bank was –
1) PNB
2) Traders Bank
3) SBI 4) Presidency Bank of India
5) Allahabad Bank
842. The rates at which the RBI extends credit
to the commercial bank is called –1) Bank Rate
2) Reverse Repo Rate
3) Interest Rate
4) Base Rate
5) None of these
843. In which of the following is not the any
element of monetary policy of RBI –
1) Bank rate
2) Open Market Operation
3) Public Expenditure 4) All of these
5) None of these
844. 100 rupees note bears the signature of –
1) Governor of RBI
2) PM 3) Finance Secretary of India
4) Chairman of Finance Commission
5) None of these
58
845. Which of the following is the last lender of
the last resort of commercial bank –
1) SBI 2) Union Govt. 3) RBI 4) UTI
5) None of these
846. The RBI is agent of central government
and of all state government except – 1) Bihar
2) Goa
3) Jammu and Kashmir
4) Mizoram
5) None of these
847. Controller of credit of commercial banks
in our country is –
1) RBI 2) SEBI
3) ICI 4) UTI
5) None of these
848. The Banking Concept in India was first
developed by –
1) Danish 2) British
3) French 4) Indian
5) None of these
849. The rate at which RBI gives short term
credit to the commercial banks against
government securities with buy back
provision is called – 1) Bank Rate
2) Repo Rate
3) Reverse repo rate
4) Interest rate
5) None of these
850. The rate at which RBI takes loans from
commercial banks is called –
1) Repo Rate
2) Reverse Repo Rate
3) Bank Rate 4) Interest Rate
5) None of these
851. Banks in our country normally publicize
that additional interest rate is allowed on
retail domestic term deposits of? 1) Minors
2) Married Women
3) Senior citizens
4) Government Employees
5) Rural residents
852. When the rate of inflation increases?
1) Purchasing power of money increases
2) Purchasing power of money decreases
3) Value of money increases
4) Purchasing power of money remains unaffected
5) Amount of money in circulation
decreases
853. A centralized database with online
connectivity to branches, internet as well
as ATM – network which has been adopted by almost all major banks of our
country is known as?
1) Investment Banking
2) Core Banking
3) Mobile Banking 4) National Banking
5) Specialized Banking
854. Which of the following is NOT considered
a money market instrument?
1) Treasury Bills
2) Repurchase Agreement
3) Commercial Paper
4) Certificate of Deposit
5) Shares and Bonds
855. Which of the following is necessary while
opening deposit accounts in banks?
1) Will 2) Registration
3) Nomination 4) Indemnity
5) Guarantee 856. Which of the following is not a banking
term?
1) Letter of credit
2) MIBOR
3) Factoring services 4) Entry load
5) None of these
857. Which of the following organizations
issue the rules of global trade?
1) IMF 2) World Trade Organization
3) Foreign trade
4) G – 20
5) None
858. One single statement that depicts the
financial position of a Bank and / or
Business enterprise at a given point of
time is called:
1) Statement of product details
2) Foreign exchange 3) Balance Sheet
4) Balance of payment
5) Trading and Manufacturing account
859. The Reverse Mortgage scheme is launched to give benefit to which of the
following groups of society?
1) Persons below 60 yrs
2) Senior Citizens
3) Unemployed youth
4) Orphans 5) All
860. One of the major challenges banking
industry is facing these days is curbing
deliberate efforts of some people to bring
59
money earned through illegal activities in
circulation. Which of the following act
is passed to prevent this activity? 1) Payment & settlements Act
2) Control money supply Act
3) Narcotics and Psychotropic substance
Act
4) Prevention of Money laundering Act 5) None
861. Which of the following scheme is not
meant for investment purposes?
1) National saving certificate
2) Infrastructure bonds 3) Mutual funds
4) Letter of credit
5) None of these
862. Basel norms which are important regulatory stipulations are meant for
which sector?
1) Insurance 2) Banking
3) Micro finance 4) Pension funds
5) None
863. Systematic investment Plans relates to:
1) Mutual Funds
2) Life Insurance Companies
3) Commercial Banks
4) Post office savings schemes 5) None
864. Euro money is the official currency of?
1) NATO
2) UN
3) European 4) Germany and England
5) None of these
865. Which of the following is an example of
cash less purchase? 1) Debit card
2) Credit card
3) ATM withdrawal
4) All of the above
5) None.
866. Whose signature appears on Indian Rs.
100 note?
1) Finance Minister
2) RBI Governor
3) Finance Secretary 4) Chairman, Planning Commission
5) None
867. While discussing investments there is a
mention of short term government
security. What is this investment? 1) Debenture 2) Mutual funds
3) Treasury bill 4) Share
5) None of these
868. NBFCs are an important part of the
Indian financial system. What is meant by
this term? 1) New Banking Financial Companies
2) Non Banking Financial Companies
3) Neo Banking Financial Confederation
4) Non banking Fiscal Companies
5) Non Banking Fund Conglomerate
869. Banking loan against property requires
the asset to be free from encumbrances.
What does itmean?
1) The asset to be free from any liability
2) The asset to be properly registered 3) The property to be fully constructed
4) The asset should not have multiple
owners
5) None
870. RBI stipulates a healthy mix of CASA in
the business figures of banks. What
is CASA?
1) Customer Analysis and Savings Pattern
2) Cost Appreciation and selling Analysis
3) Current Account and saving Account 4) Credit and savings Aggregate
5) None of these
871. Which Banks are established to help
small and marginal farmers, agricultural labour, artisans and small entrepreneurs
etc?
1) Foreign Banks
2) Industrial banks
3) Regional Rural Banks
4) Exim bank 5) None
872. In which year, the Banking commission
submitted the report to establish rural
banks? 1) 1952 2) 1957
3) 1958 4) 1972
5) 1984
873. Which prime minister mentioned the
concept of 'Rural Banks' in Twenty – Point Programme announced on 1 July 1975?
1) Morarji Desai
2) Jawahar Lal Nehru
3) Indira Gandhi
4) Lal Bahadur Shastri 5) Charan Singh
874. On 30 July 1975, the working group on
Rural Banks submitted report to the
government of India. It was headed by?
1) Vijay C Kelkar 2) C. Ranga Rajan
3) Manmohan Singh
4) Bimal Jalan
5) Narasimaham
60
875. In which year, the President of India
issued the ordinance to establish Regional
Rural Banks? 1) 1991 2) 1985
3) 1969 4) 1975
5) 2000
876. Regional Rural Banks Act passed in? 1) 1981 2) 1969
3) 1976 4) 1980
5) 1982
877. In Regional Rural Banks, Central
government holds 50% capital and Sponsored bank holds 35% capital. Who
holds the remaining 15% capital?
1) Reserve Bank of India
2) NABARD
3) National housing Bank 4) State government
5) Life Insurance Corporation of India
878. Financial regulation of RRBs seen after
by?
1) Reserve Bank of India 2) Securities and Exchange Board of India
3) Department of Home Affairs
4) NABARD
5) All of above
879. Supervisory powers of RRBs have been
vested with?
1) Competition Commission of India
2) Small industrial Bank of India
3) Reserve Bank of India
4) NABARD(sec35(6)BR act 1935 ) 5) National Housing Bank
880. The first Regional Rural Bank India
started by Syndicate Bank on 2 October
1975. It is? 1) Kashmir Bank at Jammu in Jammu
and Kashmir
2) Chikmagalur Gramin Bank in
Chikmagalur in Karnataka
3) Pallavan Gramin Bank in Tamilnadu
4) Lucknow KGH Gramin Bank in Uttar Pradesh
5) Prathama Grammen bank at
Moradabad in Uttar Pradesh
881. Regional Rural Banks are not found in the state of?
1) Maharashtra and Karnataka
2) Andhra Pradesh and Tamilnadu
3) Sikkim and Goa
4) Assam and Uttar Pradesh
5) Rajasthan and Haryana
882. Maximum age for retirement for MD/CEO of all private banks is
a) 60 years b) 65 years
c) 70 years d)75 e) None of these
883. Which committee recommended for the
amalgamation of RRBs? 1) K.C. Chakravarthy
2) Usha Thorat
3) Vyas
4) C.V. Anand Bose
5) Ajay Kumar Seth
884. On 22 April 2013, the Regional Rural
Banks (Amendment) Bill, 2013 introduced
to increase the authorized capital of RRB
from Rs. 5 crore to Rs... (In crores) ?
1) 100 2) 200 3) 1000 4) 50
5) 500
885. Closed – end fund scheme means?
1) A scheme of an investment company in which a nonfixed number of shares are
issued
2) Offer of a company to close the
business at the end of year
3) A scheme of an investment company in
which a fixed number of shares are issued 4) Company's offer to sell the assets at the
lowest rate
5) None
886. Aam Admi Bima Yojana, a Social Security insurance Scheme for rural landless
household introduced by union
government on 2nd October 2007. The
scheme administered by?
1) LIC 2) GIC
3) NIC 4) UIC 5) TATA AIG
887. Aim of Swavalamban is?
1) To encourage the people from the
unorganised sector to voluntarily save for their retirement
2) To encourage the people to seek
educational courses through distance
education system
3) To ask the Non – organised sector
people to boycott their work and join in the government service
4) To encourage the house hold sector to
save money
5) None
888. capital to risk weighted asset ratio
decided by RBI for regional rural bank
a)7% b)10%
c)8% d)9%
E)none of these
5) Rescue operation of Army to rescue the
stranded pilgrims in Uttarakhand
61
889. New chairman of LIC is...?
1) U.K. Sinha 2) T.S. Vijayan
3) Kalyan Singh 4) S.K. Roy 5) None
890. Union Railway minister is?
1) Mallikarjun Kharge
2) Ambika Soni 3) Kapil Sibal
4) Suresh parabhu
5) Raman Singh
891. IRNSS – 1A is?
1) Russia's reusable satellite 2) USA's sub sonic missile
3) Ireland's new sea port
4) Indian Regional Navigation Satellite
System
5) South Africa and India Joint venture of new solar car
892. Largest five emerging economies G – 5
include Brazil, China, India, Mexico and?
1) USA 2) South Africa
3) Sri Lanka 4) Japan 5) Pakistan
893. Tianhe – 2 is the super computer
developed by?
1) Russia 2) India 3) Japan 4) Thailand
5) China
894. By which year, India surpass China to
become most populous country in the
world as per the estimates of United Nations report?
1) 2050 2) 2028
3) 2040 4) 2065
5) 2100
895. Banking Ombudsman is appointed by a) SEBI b) NABARD c) RBI d) fiancé ministry d) None of these
896. The rate at which Reserve Bank of India
(RBI) borrows money from banks is?
1) SLR 2) Base Rate
3) Primary Lending Rate
4) Bank Rate
5) Reverse Repo Rate
897. Who declares Reverse Repo Rate?
1) Central Government
2) State Government
3) RBI
4) SEBI
5) IRDA
898. If the Reverse Repo Rate increases, then
bank...?
1) Funds increase as they never give funds to RBI
2) Funds go to overseas
3) Has to close business
4) Funds decrease, as bank lend the
funds to RBI due to rate hike 5) None
899. If the Reverse Repo Rate increases, then
interest on loans offer by banks usually'
1) Decrease
2) Become Zero 3) Lower than earlier rate of interest
4) Increase
5) None
900. Present Reverse Repo rate is? 1) 6.25% 2) 7.25%
3) 8.25% 4) 7%
5) 4%
901. In the RBI's mid – quarter monetary policy
review declared on 17th June 2015, RBI seriously concerned about?
1) Opening of branches by foreign banks
2) Customer's KYC details
3) State governments schemes
4) Rupee fall, external sector risks and elevated food inflation
5) Poverty in top 4 metros in the slum
areas
902. Interest payable on savings bank
accounts is? 1) De – regulated by RBI
2) Regulated by State Governments
3) Regulated by Central Govt
4) Regulated by RBI
5) Regulated by Finance Minister
903. The usual deposit accounts of banks are?
1) Current accounts, electricity accounts
and insurance premium accounts.
2) Current accounts, post office savings,
bank accounts and term deposit accounts.
3) Loan accounts, savings bank accounts
and term deposit accounts.
4) Current accounts, savings bank
accounts and term deposit accounts. 5) Current bill accounts and term deposit
accounts.
904. Fixed deposits and recurring deposits
are?
1) Repayable after an agreed period 2) Repayable on demand
3) Not repayable
4) Repayable after death of depositors
5) Repayable on demand or after an
agreed period as per bank's choice
62
905. Accounts are allowed to be operated by
cheques in respect of? 1) Both savings bank accounts and fixed
deposit accounts.
2) Savings bank accounts and current
accounts.
3) Both savings bank accounts and loan accounts.
4) Both savings bank accounts and cash
accounts only.
5) Both current accounts and fixed
deposit accounts.
906. Which of the following is correct
statement?
1) No interest is paid on current deposit
accounts.
2) Interest is paid on current accounts at the same rate as term deposit accounts.
3) The rate of interest on current accounts
and savings accounts are the same.
4) No interest is paid on any deposit by
the bank.
5) Savings deposits are the same as current deposits.
907. Banking services delivered to a customer
by means of a computer control system
that does not directly involve banks branch is called?
1) Universal banking
2) Virtual banking
3) Narrow banking
4) Brick & Mortal banking
5) None
908. Financial inclusion means provision of?
1) Financial services namely payments,
remittances, savings, loans and insurance
at affordable cost to persons not yet given the bank
2) Ration at affordable cost to persons not
yet given the same
3) House at affordable cost to persons not
yet given the same
4) Food at affordable cost to persons not yet given the same
5) Education at affordable cost to persons
not yet given the same
909. When a bank returns a cheque unpaid, it is called?
1) Payment of the cheque
2) Drawing of the cheque
3) Canceling of the cheque
4) Dishonour of the cheque
5) Taking of the cheque
910. Who was the Chairman of the committee
constituted by RBI to study issues and
concerns in the Micro Finance
Institutions (MFI) Sector?
1) YH Malegam
2) Dr. KC Chakraborty
3) C. Rangrajan 4) M. Damodaran
5) Usha Thorat
911. Which of the following types of accounts
are known as 'Demat Accounts'?
1) Accounts which are Zero Balance 2) Accounts which are opened to facilitate
repayment of a loan taken from the bank.
No other business can be conducted from
there
3) Accounts in which shares of various
companies are traded in electronic form 4) Accounts which are operated through
internet banking facility
5) None of the above
912. Distribution of insurance products and insurance policies by banks as corporate
agents is known as?
1) General insurance
2) Non life insurance
3) Bancassurance
4) Insurance Banking 5) Deposit Insurance
913. In respect of partnership business, LLP
stands for:
1) Local Labour Promotion 2) Low Labour Projects
3) Limited Loan Partnership
4) Longer Liability Partnership
5) Limited Liability Partnership
914. What is a stale cheque? 1) A cheque issued without drawer's
signature.
2) A cheque with only signature of the
drawer.
3) A cheque which has completed 3 months from the date of its issue.
4) Any one of the above.
5) None
915. Interest on savings bank account is now
calculated by banks on? 1) Minimum balance during the month
2) Minimum balance from 7th to last day
of the month
3) Minimum balance from 10th to last day
of the month 4) Maximum balance during the month
5) Daily product basis
916. Largest shareholder (in percentage
shareholding) of a Nationalized bank is?
1) RBI 2) NABARD 3) LIC 4) Govt of India
5) IBA
917. Who has the sole right to mint coins in
India?
63
1) RBI
2) MMTC
3) Government of India 4) SBI
5) Department of Post
918. Whose signature appears on coins?
1) President of India 2) RBI governor
3) Finance Secretary
4) RBI deputy governor
5) Coins do not bear the signature
919. Government of India withdrawn coins of denomination of 25paise and below from
circulation with effect from.....?
1) 30 July 2011 2) 30 June 2011
3) 30 June 2012 4) 30 June 2010
5) 1 June 2013
920. Who was appointed as the President of
the Asian Development Bank (ADB) by the
Board of Governors at New Delhi on 27
April 2013?
1) Jim Yong Kim 2) Christine Legarde
3) Takehiko Nakao
4) Mario Draghi
5) None
921. To whom the world bank granted a
concessional loan of $100 million for the
implementation of low – income housing
scheme?
1) HDFC 2) ICICI
3) SBI 4) RBI 5) National Housing bank
922. Who was appointed as the chairman to
suggest the measures for enhancing
MSME exports recently? 1) Ratan TATA
2) Abhijith Sen
3) R.S.Gujral
4) Montek Singh Ahluwalia
5) Anand Sinha
923. The Indian Life Assurance Companies Act
was the first statutory measure to
regulate lifebusiness in India. It was
passed in ......?
1) 1925 2) 1956 3) 1947 4) 1934
5) 1912
924. Under whose chairmanship, the Group of
Ministers (GoM) was set up to make a law
to provide for the independence of the Central Bureau of Investigation (CBI) and
its functional autonomy?
1) Chidambaram 2) Ranjith Sinha
3) Alok Joshi 4) Bikram singh
5) S.A.Ibrahim
925. Union government on 17 April 2013
declared to enhance the installed capacity of renewable energy of 25,0000MW to
55,000 MW by .......?
1) 2017 2) 2018
3) 2019 4) 2025
5) 2017
926. Which Indian origin writer received the
inaugural Physics journalism Prize
sponsored by the Institute of Physics (IOP)
and the science and Technology Facilities
Council in Washington? 1) Abdul kalam
2) Raja Ramanna
3) Anil Ananthaswamy
4) Kasturi Rangan
5) C.R.Rao
927. Which nation joined as a dialogue partner
in the Shanghai Cooperation Organisation
(SCO) on 26 April 2013?
1) India 2) USA
3) Turkey 4) UK 5) Israel
928. Factoring means?
1) Business of buying trade debts at a
discount and making a profit when debt is realized
2) Giving loans to factories by the
commercial banks at concessional rates
3) Banning the banks not to give loans to
factories at lower rate of interest
4) Buying of customers assets whenever he did default in the payment of money
5) None
929. Track, Lane, Hurdles, Shot – put, Discuss
Throw, Hammer Throw, Triple Jump, High Jump are the terms used in?
1) Chess 2) Volley Ball
3) Foot Ball 4) Cycling
5) Athletics
930. Youngest player to play an English County match is?
1) Hanuma Vihari 2) TM Srivastava
3) Phiillips Rod 4) Tim Mody
5) Matthew Fisher
931. The Present Statutory Liquidity Ratio
(SLR) is?
1) 24% 2) 27%
3) 20% 4) 22%
5) 23%
932. Stagflation means?
1) Low inflation combined with high
unemployment and slow economic growth
64
2) Persistent high inflation combined with
high employment and fast economic
growth 3) Low inflation combined with high
employment rate and fast paced economic
growth
4) Persistent high inflation combined with
high unemployment and slow economic growth
5) None of above
933. Consider the following statements?
i) Roshni is the skill development scheme
launched on 7 June 2013 by the ministry of Rural Development
ii) It aims to provide training and
employment to youth in the 10 – 35 years
age group
iii) It was launched in 24 Naxal – affected districts
iv) It is a 100 – crore project and is
funded by union and state governments,
with the union providing 75% of the
funding
Which of the above statements is/are correct?
1) ii) , iii) 2) ii) , iv)
3) i) , ii) , iii) , iv) 4) ii)
5) None
934. India's sixth commodity exchange which
started its operations on 19 April 2013?
1) NSE 2) MCX
3) NMCE 4) UCX
5) ACE
935. Construction of country's first fully
private Greenfield airport commenced in?
1) Gaya (Bihar)
2) Pune (Maharashtra)
3) Karaikal (Puducherry) 4) Sivaganga (Tamilnadu)
5) Somnath (Gujarat)
936. Where is the head office of Insurance
Regulatory Development Authority?
1) Kolkata 2) Mumba 3) Hyderabad 4) Chennai
5) Delhi
937. The correct statement is?
1) During the visit of Man Mohan singh in Thailand, a sapling of the sacred bodhi
tree in Bodh Gaya given as a gift to
Thailand king Bhumibol Adulyadej
2) $ 5.2 billion humanitarian fund will be
given by UNO to Syria
3) World's largest concentrated solar power plant launched by UAE by name
Shams I
4) From 1 April 2013, Myanmar allowed
the circulation of private newspapers after
50 years
5) All of above
938. Who was re – elected as the chairman of IBA (Indian Banks Association) for the
2014 – 15 tenure?
1) Chanda Kocchar 2) Urjith Patel
3) K.R.Kamath 4) T.M.Bhasin
5) None
939. USSD stands for?
1) Unstructured Supplementary Service
Data
2) Universal Supplementary Service Data
3) Unstructured Standard Service Data 4) Unstructured Supplementary Service
Dairy
5) Unstructured Supplementary Stolen
Data
940. World Oceans day celebrated on?
1) 8 April 2) 8 May
3) 8 June 4) 8 February
5) 8 January
941. Pages stained with blood, Ramayana from Ganga to Brahmaputra, Melodies and
Guns, The Moth – Eaten Howdah of the
Tusker, The shadow of Kamakhya, The
Man from Chinnamasta are the works of?
1) Indira Goswami 2) J L Nehru 3) Gandhi 4) Sarojini Naidu
5) Chetan Bhagath
942. Savings account become inoperative, if?
1) Cash deposited in another branch not
intimated to the parent branch 2) Amount withdrawn by ATM exceeds
Rs.50,000
3) Net banking done on 31st of the month
4) Not operated at all during certain
period as per the bank rules 5) None
943. By increasing repo rate, the economy may
observe the following effects ______
1) Rate of interest on loans and advances
will be costlier. 2) Industrial output would be affected to
an extent.
3) Banks will increase rate of interest on
deposits.
4) Industry houses may borrow money from foreign countries.
5) All of these.
944. Increased interest rates, as is existing in
the economy at present will_______
1) Lead to reduction in borrowings 2) Lead to lower GDP growth.
3) Mean higher cost of raw materials.
4) Mean lower cost of raw materials.
5) Mean higher wage bill.
65
945. Which of the following schemes is
launched to provide pension to people in
unorganized sectors in India? 1) Swabhiman 2) Jeevan Dhara
3) Jeevan Kalyan 4) ASHA
5) Swalamban
946. A cheque returned for insufficiency of funds. Payee will have right to notice and
approach court of law for justice under
section 138 of which act?
1) Indian Penal Code
2) Negotiable Instrument Act
3) Criminal Procedure Code 4) Payment and Settlement Act
5) Indian Contract Act
947. Mr. Rajendra had filled a complaint with
Banking Ombudsman but is not satisfied with the decision. What is the next option
before him for getting his matter resolved?
1) Write to the CMD of the Bank.
2) File an appeal before the Finance
Minister.
3) File an appeal before the Banking Ombudsman again.
4) File an appeal before the Dy. Governor
RBI.
5) Simply close the matter as going to
court involves time and money.
948. Which of the following is an example of
Financial assets?
1) National Saving Certificate
2) Infrastructure Bonds
3) Indira Vikas Patra 4) Krishi Vikas Patra
5) All of these
949. Bank branches which can undertake
foreign exchange business directly are known as:
1) Authorized dealers
2) Foreign dealers
3) Overseas branches
4) Approved dealers
5) Exchange branches
950. Insurance cover for bank deposits in our
country is provided by ____
1) SBI 2) Govt of India
3) GIC 4) LIC 5) DICGC
951. The Financial Literacy does not include
which of the following?
1) How to invest the funds
2) How to use the limited funds carefully 3) How to minimize the risks
4) How to reinvest the money earned
5) None of these
952. ADB Refer to
1) American Development Bank
2) American depository Bureau
3) Additional Debit Balance 4) Only a&b
5) Asian Development bank
953. When a banker talks about CDR, what is
he talking about? 1) Corporate Debt Restructuring
2) Corporate Debt Rollover
3) Company Debt Rollover
4) Corporate Deposit Restructuring
5) Company Deposit Restructuring
954. Expand the term ALM as used in
Banking/Finance sector?
1) Asset Liability Management
2) Asset Liability Maturity
3) Asset Liability Mismatch 4) Asset Liability Manpower
5) Asset Liability Maintenance
955. Cash Reserve Ratio (CRR) and Statutory
Liquidity Ratio (SLR) are terms most
closely related to which of the following industries/ markets?
1) Capital Market
2) Banking industry
3) Commodities market
4) Money Market 5) Mutual fund
956. What is the maximum period for which
domestic term deposits are normally
accepted by the banks in our country?
1) 3 yr 2) 5 yr 3) 7 yr 4) 10 yr
5) 12 yr
957. If you wish to purchase some US Dollars
for your travel abroad, you should approach?
1) The ministry of finance
2) The US Embassy
3) Any Bank Branch authorized to do
such activity
4) The Reserve Bank of India 5) External Affairs Ministry
958. What does the letter 'L' stands for in the
term LAF commonly used in
financial/economic news? 1) Liquidity 2) Least
3) Liabilities 4) Long
5) Liquid
959. Which of the following is not classified as
a Commercial Bank? 1) Public Sector Bank
2) Foreign Bank
3) Private Sector Bank
4) Regional Rural Bank
5) Urban Cooperative Bank
66
960. Which of the following is not the name of
the a Banking Organization? 1) HDFC 2) IDBI
3) YES 4) SEBI
5) ICICI
961. Money laundering means _____ 1) Hiding of income source mainly to
avoid income tax
2) Money acquired from undisclosed
sources and deposited in foreign banks
3) Money acquired from undisclosed
sources and deposited in foreign banks 4) Process of conversion of money
obtained illegally to appear to have
originated from legitimate sources to
convert black money into white money.
5) Money acquired from drug trafficking
962. Monetary Policy as an arm of the
economic policy is administered by _____
1) Government of India
2) RBI
3) SBI 4) Govt of the respective states
5) None
963. Which of the following is not a primary
function of a Bank? 1) Granting loans
2) Collecting cheques/ drafts of
Customers
3) Arranging VISA for students for abroad
education
4) Issuing bank drafts 5) Selling Gold/Silver Coins.
964. Reserves which can act as a liquidity
buffer for Commercial Banks during crisis
times are ___ 1) CAR 2) CRR
3) CAR & CRR 4) CRR & SLR
5) SLR
965. The headquarters of European Union is
situated in which of the following countries?
1) UK 2) Germany
3) France 4) Belgium
5) Netherlands
966. The name 'Bluetooth' gets its name from a
10th century king of?
1) China 2) Denmark
3) Greece 4) Thailand
5) Spain
967. Baglihar Dam is constructed on the river?
1) Chenab 2) Raavi
3) Indus 4) Sutlej
5) Beas
968. Which country will host both the World
Cup Football 2014 and Olympics 2016?
1) Russia 2) USA 3) Brazil 4) Japan
5) Germany
969. Bharat Ratna was instituted in?
1) 1954 2) 1955 3) 1961 4) 1969
5) 1960
970. The present Pope chosen in March 2013
hails from?
1) Canada 2) Mexico 3) Brazil 4) Argentina
5) Uruguay
971. 'Paradise Regained' was written by?
1) John Keats 2) Charles Dickens
3) John Milton
4) Oliver Goldsmith
5) Lord Byron
972. 'CRY' is an NGO which works for the welfare of?
1) Senior citizens 2) Cancer patients
3) War victims 4) Children
5) AIDS patients
973. The USP of a Current account is?
1) High minimum balance
2) No restrictions on transactions
3) No interest payable
4) Restricted deposits
5) None of these
974. Leads for Home Loans can be obtained
from?
1) Traders
2) Trusts 3) Builders
4) Cooperative societies
5) None of these
975. The target group for SME loans is?
1) Students 2) Housewives
3) Entrepreneurs
4) Salaried persons
5) Government undertakings
976. Which of the following terms is used in
the field of finance and banking?
1) Metabolism
2) Genetic process
3) Centrifugal force
4) Debt instrument 5) Experimental error
977. The National Social Security Fund (NSSF)
helps which of the following groups of
society?
67
1) Bank employees
2) Central government employees
3) Workers in the unorganized sector 4) Workers in the textile industry
5) Women employees
978. Which of the following tools is used by the
RBI to control credit and monetary situations of the markets?
1) RTGS 2) NEFT
3) ECS 4) CRR
5) Balance of trade
979. Which of the following countries is located in South America?
1) South Sudan 2) South Korea
3) Uganda 4) Angola
5) Uruguay
980. Which of the following is the currency of
Myanmar?
1) Taka 2) Dinar
3) Kyat 4) Yen
5) Dollar
981. Which of the following terms is not used
in the field of Economics?
1) Net income 2) Cost of project
3) Flow of fund 4) Balance sheet
5) Cold chain
982. Reverse Mortgage scheme is designed
keeping which of the following groups of
society in consideration?
1) Defense personnel
2) Senior citizens 3) Youngsters who just started earning
4) Dependent women
5) None of these
983. What happens when an economy is in recession?
1) GDP growth slows down
2) Unemployment rate rises
3) Bankruptcies rise
4) Both 1 and 2
5) All 1, 2 and 3
984. Retail investors means which of the
following types of stock market investors?
1) Mutual funds
2) Corporate bodies 3) Promoters of companies
4) Individuals
5) FIIs
985. Which of the following is not an
agricultural commodity? 1) Cardamom 2) Cumin
3) Garlic 4) Turmeric
5) Sulphur
986. BCBS in banking stands for
1) Business Correspondents and Banking
Services 2) Banking Committee on Business
Supervision
3) Basel Committee on Banking
Supervision
4) Banking Committee on Banking Services
5) None of These
987. The head quarter of Financial Action Task
Force (FATF) is located at
1) London 2) Sydney 3) Washington 4) Paris
5) Vienna
988. The punch line of Swabhimaan scheme is
1) Our India Our Pride 2) Towards Pride
3) Life is nothing without Pride
4) Our Account Our Pride
5) Mera Khata Bhagya Vidhata
989. Maximum limit of NEFT is 1) 1 lakh 2) 2 lakh
3) 3 lakh 4) 4 lakh
5) 5 lakh
990. Certificate of Deposit is issued by 1) Business Firms
2) NBFC
3) Companies
4) Scheduled Banks
5) All of the above
991. Negotiable Instruments Act 1881 came in
to effect from
1) 1 March 1881 2) 1 April 1881
3) 1 march 1882 4) 1 April 1882
5) 31 March 1881
992. A non bank White Label ATM operator is
required to have a minimum net worth of:
1) Rs.50 Cr 2) Rs.100 Cr
3) Rs.200 Cr 4) Rs.500 Cr
5) No minimum net worth required
993. 1) Financial Inclusion Technology Fund is
maintained with
1) RBI
2) Finance Ministry 3) NABARD
4) Rural Development Ministry
5) None of these