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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


(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?


(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


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.


(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.


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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?


(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.


(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


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



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?



(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


(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


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


(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?


(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


(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


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


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


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?


(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


(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?


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


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


197. Which of the following Bank in 2012 has celebrated it 30th year of continuous

service?

1) RBI

2) SIDBI


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


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


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


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


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


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



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


230. Which public sector bank of India is the

first fully Indian bank, established by the

Indian national? 1) Allahabad 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


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


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


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


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


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.


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)

18

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


245. The Indian Rupee is a 1) Token coin

2) Gold coin

3) Standard coin

4) Standard – token coin


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


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

19

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


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


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


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


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


4) HDFC


267. Which of the following is the first

Universal Bank established in India?

1) IDBI Bank Ltd


3) ICICI Bank Ltd 4) NABARD


268. Central Monetary Authority of the country

is

1) Union Finance Ministry 2) Central Board of Direct Taxes

3) Planning Commission


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


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)


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)


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


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


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


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


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) ?


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


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


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


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


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?


3) EXIM Bank

4) IDBI

5) None of these

316. National Housing Bank (NHB) is owned by

1) RBI

2) SBI


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


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


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


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


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


4) Commerce and Industry Ministry


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


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


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


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?


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?



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



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


372. A bank conducts government business as

an agent of



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?


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



5) Oriental Bank of Commerce

381. In 1993, the government merged New

Bank of India with which bank?


2) Bank of India

3) Punjab National Bank 4) Bank of Baroda


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?


2) UTI bank

3) ICICI

4) HDFC

28

5) All of above

385. Which was the first New Generation tech – savvy banks in India?


2) UTI Bank

3) ICICI Bank

4) HDFC Bank 5) None of these

386. Global Trust Bank later amalgamated

with which Nationalized Bank?


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


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


4) 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


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 ____?


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



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


4) Union 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


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?


2) Allahabad 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


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


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


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


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


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


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?


2) Allahabad Bank

31




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


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


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


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


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


(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



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?


2) State of Hyderabad 3) ICICI Bank

4) Regional Rural Bank


468. Choose First Indian Governor of the RBI. 1) C.D. Deshmukh

2) Sachindra Ray

3) S. Mukherjee

4) D.I.G. Patel


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?


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


not going to be paid


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


withdrawing cash or making payment if

there is balance in the account

4) It is a card which carries prepaid balance


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


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


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


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.



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


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


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


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.


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??


its prime customers.


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?


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


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


facilities to the rural masses


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.


627. At present in India, the monetary system

is managed by which of the following

organizations/ institutions?

1) Nationalized Banks


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


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?



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


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


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


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


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


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?


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


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


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


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



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


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?



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.


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


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? –


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


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


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


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


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


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 –


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


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


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 –



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



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


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


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


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


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?


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


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


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


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.


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 _____


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

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