RRB Officer Scale-2 & RRB PO FA Classes

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TOPICWISE MCQS DISCUSSION

Class 12Important Terms & Abbreviation

Q.1. Mixed Banking is the combination of

a. Commercial Banking

b. Retail Banking

c. Investment Banking

d. Both a & c

Q.2. ______ collection of Non-bank financial intermediaries that

provides services similar to traditional commercial banks but outside

normal financial regulation.

a. Virtual Banking

b. Shadow Banking

c. Branch Banking

d. Unit Banking

Q.3._____ Banking carried on by individual banks without branches or

corporate relationships with other banks

a. Merchant Banking

b. Shadow Banking

c. Branch Banking

d. Unit Banking

Q.4. _____ is a bank located outside the country of residence of the

depositor, typically in a low tax jurisdiction (or tax haven) that provides

financial and legal advantages.

a. Investment Banking

b. Overseas Banking

c. Offshore Banking

d. Merchant Banking

Q.5 _____ is a specific division of banking related to the creation of

capital for other companies, governments and other entities

a. Merchant Banking

b. Investment Banking

c. Branch Banking

d. Retail Banking

Q.6 ____ is a system in which banks provide a wide variety of

comprehensive financial services, including those tailored to retail,

commercial, and investment services.

a. Para Banking

b. Universal Banking

c. Wholesale Banking

d. Retail Banking

B

Q.9. ____ refers to banking services sold to large clients, such as other

banks, other financial institutions, government agencies, large

corporations, and real estate developers.

a. Para Banking

b. Universal Banking

c. Wholesale Banking

d. Retail Banking

Q.10. In MSF, S stands for?

a. System

b. Supported

c. Services

d. Standing

Q.11. MDR is a fee charged by bank for accepting payments from

customer through credit and debit cards. What does ‘M’ stands for?

a. Merchant

b. Monetary

c. Money

d. Material

Q.12.An enforceable right of a bank to hold in its possession any money

or property belonging to a customer and to apply it to the

repayment of any outstanding debt owed to the bank

a. Amortization

b. Banker’s lien

c. Set off

d. Bid - ask

Q.13. In CAMELS, S stands for

a. Supervisory

b. Sum

c. Sensitivity

d. Social

CAMELS : Capital Adequacy, Asset quality, Management of

effectiveness, Earning or profitability, Liquidity, Sensitivity

CELS ratings or Camels rating is a supervisory rating system

Q.14. In RIDF, R stands for

a. Recovery

b. Remuneration

c. Revenue

d. Rural

Q.15. In PCA, P stands for

a. Prompt

b. Present

c. Performance

d. Precaution

Q.16. In CERSAI, I stands for

a. Investment

b. Income

c. Interest

d. Internal

Central Registry of Securitisation Asset Reconstruction and Security

Interest

Q.17. In MMID, I stands for

a. Identity

b. Income

c. Identifier

d. Incoming

Mobile Money Identifier

Q.18. In APBS, B stands for?

a. Break

b. Brought

c. Bank

d. Bridge

Aadhar Payment Bridge Payment

Q.19. What is the full form of BCSBI?

a. Banking Code & Standard Board of India

b. Banking Centre and Standard Board of India

c. Banking Centre & Standardised Board of India

d. None of these

Q.20. In Banking type, DCCB stands for

a. Division Central Cooperative Bank

b. District Central Cooperative Bank

c. Downward Central Cooperative Bank

d. None of these

Q.21. In G-SIB, S stands for?

a. Govt

b. Gross

c. Global

d. Globe

Q.22 In KPI, P stands

a. Processing

b. Providing

c. Performance

d. Pressure

Q.23____Banking is the initiative taken by the RBI for those living in

villages or other remote areas who are deprived of banking services

a. Unit

b. Branch

c. Kiosk

d. None of these

Q.24 ______ borrowing and lending obligation (CBLO)

a. Collateralized

b. Collection

c. Common

d. Collective

Q.25 _____ Linked Saving Scheme (ELSS)

a. Earn

b. Equity

c. Enquire

d. None of these

Q.26. T- Bill are also issued under the MSS. What is the full form of

MSS?

a. Market Security Scheme

b. Market Stabilization Scheme

c. Market Structure Scheme

d. Market Structure Scheme

Q.27. In FCCB, Second C stands for

a. Currency

b. Convertible

c. Common

d. Calculate

Q.28. AER stands for

a. Average Equivalent Rate

b. Annual Equivalent Ratio

c. Appropriate Equivalent Rate

d. Appropriate Equivalent Ratio

1. CEPA : Comprehensive Economic Partnership Agreement

2. SETU : Self Employment & Talent Utilization

3. CBLO : Collateralized Borrowing & Lending Obligation

4. FINO : Financial Inclusion Network Operation

5. Adjustable Rate Mortgages (ARMS) :

An adjustable-rate mortgage (ARM) is a type of mortgage in which the

interest rate applied on the outstanding balance varies throughout the

life of the loan. With an adjustable-rate mortgage, the initial interest

rate is fixed for a period of time, after which it resets periodically, often

every year or even monthly.

6. SFMS : Standard Financial Management System

7. LTV : Loan to Value

Amount / Total value of Assets

8. MUDRA : Micro Unit Development Finance Agency

Shishu : Rs.50000

Kishor : upto Rs. 5 lakh

Tarun : upto Rs. 10 lakh

9. RERA : Real Estate Regulatory Authority

10. BCBS : Basel Committee on Banking Supervision

11. CORE : Centralised Online Realtime Exchange

12. CAR : Capital Adequacy Ratio

Q.29. Bancassurance is recommended by which committee?

a. Khan committee

b. Rangarajan committee

c. Mahrotra committee

d. None of these

Q.30. Incase of Bancassurance, bank CRAR should not be less than

a. 9%

b. 10%

c. 15%

d. 8%

Condition :

• Approval : from RBI & IRDAI

• CAR: 10%

• Capital : Rs.1000 cr

• Profitable in last 3 years

Banking (Business) Correspondent/ Banking (Business) Facilitator

• Started in 2006

• By RBI

• Committee: Khan committee

• Rangarajan committee in 2008

Q.29. PPF scheme was introduced in

a. 1948

b. 1958

c. 1968

d. 1978

Min – 500Max – 1.5 lakhMax transaction – 12Maturity period – 5 years

Q.30. KVP scheme was introduced in

a. 1988

b. 1958

c. 1968

d. 1978

Min – 1000Max – No limitMax denomination – 50000Lockin period – 2.5 yearsBY Indian PostMaturity period – 124 months

Q.31. Max limit in Senior Citizen Saving scheme

a. 5 lakh

b. 10 lakh

c. 15 lakh

d. 20 lakh

Cash deposit – 1 lakhMaturity period -5 yearsPremature closure – 1 yearInt - quarterly

Q.31. Min investment in NSC?

a. 500

b. 1000

c. 2000

d. 5000

Cash deposit – 1 lakhMaturity period -5 years (series VIII)Premature closure – 1 yearInt - quarterly

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