1. Which of the following is not the Traditional function of RBI?
1) Issue of Currency Notes
2) Banker to the Government
3) Subsidies to people
4) Banker to Bank
5) None
2. Exchange Rate Management is the ..................... function of RBI.
1) Promotional
2) Elective
3) Ethical
4) Non-supervisory
5) Traditional
3. Which Paper Currency denomination not issued by RBI?
1) Rs.5
2) Rs.10
3) Rs.1
4) Rs.100
5) Rs.500
4. Currency issued by RBI (and also by government of India) is called .............
1) Auction Tender
2) Trade Tender
3) Legal Tender
4) Bound Tender
5) None
5. On the RBI issued paper currency, who put the signature?
1) Deputy Governor, RBI
2) President of India
3) Prime Minister
4) Finance Secretary
5) Governor
6. Rs.1 paper currency issued by ......
1) RBI
2) SIDBI
3) Government of India
4) Indian Banks Association
5) All of above
7. Rs. 1 paper currency sign by ...........
1) Governor of RBI
2) Prime Minister
3) Finance Secretary
4) Finance Minister
5) IBA Chairman
8. Which Act conferred the monopoly on Government of India to issue currency notes, ending the issue of currency by presidency and private banks?
1) Paper Currency Act 1961
2) Paper Currency Act 1891
3) Paper Currency Act 1861
4) Paper and Coins Act 1861
5) None
9. Government of India issued the entire currency notes till .............
1) establishment of State Bank of India
2) establishment of RBI
3) establishment of Ministry of Finance
4) establishment of Indian Banks Association
5) None
10. In which year the RBI first time issued Rs.5 Bank Note bearing the portrait of George VI?
1) 1935
2) 1936
3)1937
4) 1938
5) 1947
11.The denomination of any paper currency to be minted by RBI decides by ...
1) State Bank of India
2) Indian Banks Association
3) Bank Chairmans
4) Planning Commission
5) Government of India
12. As per the present rules, RBI can issue the paper currency denomination up to the value of .............
1) Rs.10,000
2) Rs.20,000
3) Rs.50,000
4) Rs.40,000
5) None
13. First time Rs.1000 and Rs.10000 bank notes were demonetized in........
1) 1946
2) 1957
3) 1949
4) 2000
5) 2001
14. In which year again the large value denomination bank notes Rs. 1000, Rs.5000 and Rs. 10000 were reintroduced?
1) 1957
2) 1969
3) 1965
4) 1954
5) 2000
15. Second time Rs. 1000 and Rs.10000 (also Rs.5000) demonetized in the year of .....
1) 1996
2) 2000
3) 1984
4) 1978
5) 2003
16. Who decides the volume and value of bank notes to be printed each year?
1) Ministry of Commerce and Trade
2) Finance Minister
3) RBI
4) EXIM bank
5) Leading Bank
17. Ministry of Women and Child Development has constituted a Committee to finalize modalities for media campaign against indecent portray of women in mass media. The committee headed by ..........
1) Mamatha Sharma
2) Sonia Gandhi
3) Ratna Prabha
4) Leela Samson
5) None
18. Which NBFC got the permission from RBI to establish 9000 White Label ATMs in the coming 3 years?
1) Manappuram Finance
2) Mahendra Finance
3) Muthoot Finance
4) Sri Ram Finance
5) GMR Infra
19. As per the recent RBI report, the average monthly import of Gold in to India in 2012-13 is ............
1) 70 tonnes
2) 100 tonnes
3) 150 tonnes
4) 200 tonnes
5) None
20. Voluntary Compliance Encouragement scheme applicable to ..........
1) Sales Tax
2) Service Tax
3) Customs Duty
4) Excise Duty
5) None
21. Which Multi brand retail company was fined for $110 million for the breaking of environmental laws?
1) IKEA
2) BATA
3) Walmart
4) Forbes
5) None
22. DICCI SME Fund is India's first ...........
1) Stock Exchange
2) RBI recent Inflation bond
3) SBI bond for the benefit of Small Scale Industries
4) SEBI registered fund for Dalits
5) None
23. FDI limit in the Telecom sector to be increased from 74% to .............. as approved by Telecom Commission of India.
1) 100
2) 95
3) 85
4) 90
5) 80
24. For the year 2012-2013, how much rate of interest to be paid on Provident Funds?
1) 8.5%
2) 9.1%
3) 10.5%
4) 9.9%
5) None
25. Put Option means ............
1) Right to sell a certain amount of shares at a specific price and within a given time frame
2) Right to buy a certain amount of shares
at a specific price and within a given time frame
3) Right to mortgage the shares at a specific price and within a given time frame
4) Right to trade the shares at a long term at lowest price
5) None
26. Nirbhaya Bhavan foundation stone laid down on 12th June 2013 by President of India at .............
1) Mumbai
2) Kolkata
3) Pune
4) New Delhi
5) Nagpur
27. 5th IBSA Woman Resolution was made on 16th May 2013. IBSA means India, Brazil and ..........?
1) South America
2) South Australia
3) South Antarctica
4) South Arizona
5) South Africa
28. In which following group/organization/summit India got observer status recently?
1) NAM
2) SAARC
3) UNESCO
4) Arctic Council
5) UNO
29. Sally Ride is the first USA ..........., received Presidential Award of Freedom, the highest Medal in USA?
1) lady president
2) lady anchor
3) lady rail engine driver
4) lady astronaut
5) lady Foreign Minister
30. Yellow Oscar Award conferred on the short film 'High Power'. This film is about .........
1) Baba Atomic Research Centre
2) Nagarjuna Sagar Project
3) President of India office
4) SBI
5) Tarapur Atomic Centre
31. Pierre Deligne won Abel Prize. The Abel prize treated as ...........
1) Noble Prize in Mathematics
2) Noble Prize in Peace
3) Noble Prize in Chemistry
4) Noble Prize in Medicine
5) None
32. Thomas Cup 2014 host by India. It is an .........
1) International Badminton event for women
2) International Cricket event for women
3) International Squash event for women
4) International Athletics event for women
5) International Badminton event for men
33. .............. has been granted the Associated Membership in ICC (International Cricket Council)
1) Pakistan
2) India
3) Afghanistan
4) West Indies
5) USA
34. India's first tourist seaplane service launched in .........
1) Tamilnadu
2) AP
3) Sikkim
4) Kerala
5) None
35. 2014 Indian science congress summit to be held in ............
1) Andhra Pradesh
2) Jammu and Kashmir
3) UP 4) Rajasthan
5) West Bengal
36. On 17 May 2013, the government of India revised the creamy layer criteria for OBC from Rs.4.5 lakh per annum to ............
1) 5 lakh per annum
2) 9 lakh per annum
3) 10 lakh per annum
4) 12 lakh per annum
5) 6 lakh per annum
37. Central government given nod to grant Tiger Reserve status to Rajaji National Park. It is in ................
1) Tamilnadu
2) Karnataka
3) Uttarakhand
4) Jharkhand
5) Sikkim
38. Atal Bihari Vajapayee University to be established at ............
1) Bhopal
2) Chennai
3) Lucknow
4) Varanasi
5) New Delhi
39. National Commission for Protection of Child Rights (NCPCR) headed by ..........
1) P.L. Punia
2) Rameshwar Oran
3) Mamatha Sharma
4) Kushal Singh
5) None
40. Which of the following is not the currency of any nation in the world?
1) Lira
2) Shekel
3) Libor
4) Peso
5) Ruble
41. Malaria Day is ............
1) 25 January
2) 25 February
3) 25 April
4) 25 March
5) 25 May
42. In which bank recently, LIC purchased Rs.500 crore non-convertible bonds?
1) SBI 2) ICICI bank
3) Union Bank of India
4) United Bank of India
5) Dena Bank
43. On 1 July, 2013 RBI declared that Banks face the huge asset-liability mismatch in ..............
1) personal loans
2) vehicle loans
3) education loan
4) consumption loans
5) home Loans
44. Certificates of Deposit (CDs) were introduced in India in ...........
1) 1991
2) 1994
3) 1989
4) 2000
5) 2001
45. Certificates of Deposit is a .........
1) negotiable money market instrument or currency issued against funds deposited at a bank
2) negotiable money market instrument or a Promissory Note against funds deposited in NBFC
3) negotiable money market instrument or a Promissory Note against funds deposited at a bank
4) negotiable money market instrument issued by Stock Exchanges against the back drop of market
5) None
46. Certificate of deposit issued by banks except ...........
1) Public Sector Banks
2) Private Sector Banks
3) Regional Rural Banks
4) all of above
5) None
47. The minimum amount of Certificate of Deposit can be issued Rs ........ (In lakhs)
1) 5
2) 10
3) 2
4) 15
5) 1
48. Bank's Certificate of Deposit maturity period minimum period is 7 days and maximum period is ..............(in years)
1) 5
2) 1
3) 4
4) 10
5) 7
49. Financial Institutions' Certificate of Deposits minimum period is 1 year and maximum period is .............. (in years)
1) 3
2) 2
3) 5
4) 7
5) 10
50. As per RBI order, whether loan can be granted against the Certificate of Deposit...
1) loan can not be granted
2) loan can be granted
3) loan can be granted up to 50 % value
4) loan can be granted up to 75 % of value
5) None
ANSWERS:
1.3, 2.5, 3.3, 4.3, 5.5, 6.3, 7.3, 8.3, 9.2, 10.4
11.5, 12.1, 13.1, 14.4, 15.4, 16.3, 17.3, 18.3, 19.1, 20.2
21.3, 22.4, 23.1, 24.1, 25.1, 26.4, 27.5, 28.4, 29.4, 30.5
31.1, 32.5, 33.3, 34.4, 35.2, 36.5, 37.3, 38.1, 39.4, 40.3
41.3, 42.4, 43.5, 44.3, 45.3, 46.3, 47.5, 48.2, 49.1, 50.1
1) Issue of Currency Notes
2) Banker to the Government
3) Subsidies to people
4) Banker to Bank
5) None
2. Exchange Rate Management is the ..................... function of RBI.
1) Promotional
2) Elective
3) Ethical
4) Non-supervisory
5) Traditional
3. Which Paper Currency denomination not issued by RBI?
1) Rs.5
2) Rs.10
3) Rs.1
4) Rs.100
5) Rs.500
4. Currency issued by RBI (and also by government of India) is called .............
1) Auction Tender
2) Trade Tender
3) Legal Tender
4) Bound Tender
5) None
5. On the RBI issued paper currency, who put the signature?
1) Deputy Governor, RBI
2) President of India
3) Prime Minister
4) Finance Secretary
5) Governor
6. Rs.1 paper currency issued by ......
1) RBI
2) SIDBI
3) Government of India
4) Indian Banks Association
5) All of above
7. Rs. 1 paper currency sign by ...........
1) Governor of RBI
2) Prime Minister
3) Finance Secretary
4) Finance Minister
5) IBA Chairman
8. Which Act conferred the monopoly on Government of India to issue currency notes, ending the issue of currency by presidency and private banks?
1) Paper Currency Act 1961
2) Paper Currency Act 1891
3) Paper Currency Act 1861
4) Paper and Coins Act 1861
5) None
9. Government of India issued the entire currency notes till .............
1) establishment of State Bank of India
2) establishment of RBI
3) establishment of Ministry of Finance
4) establishment of Indian Banks Association
5) None
10. In which year the RBI first time issued Rs.5 Bank Note bearing the portrait of George VI?
1) 1935
2) 1936
3)1937
4) 1938
5) 1947
11.The denomination of any paper currency to be minted by RBI decides by ...
1) State Bank of India
2) Indian Banks Association
3) Bank Chairmans
4) Planning Commission
5) Government of India
12. As per the present rules, RBI can issue the paper currency denomination up to the value of .............
1) Rs.10,000
2) Rs.20,000
3) Rs.50,000
4) Rs.40,000
5) None
13. First time Rs.1000 and Rs.10000 bank notes were demonetized in........
1) 1946
2) 1957
3) 1949
4) 2000
5) 2001
14. In which year again the large value denomination bank notes Rs. 1000, Rs.5000 and Rs. 10000 were reintroduced?
1) 1957
2) 1969
3) 1965
4) 1954
5) 2000
15. Second time Rs. 1000 and Rs.10000 (also Rs.5000) demonetized in the year of .....
1) 1996
2) 2000
3) 1984
4) 1978
5) 2003
16. Who decides the volume and value of bank notes to be printed each year?
1) Ministry of Commerce and Trade
2) Finance Minister
3) RBI
4) EXIM bank
5) Leading Bank
17. Ministry of Women and Child Development has constituted a Committee to finalize modalities for media campaign against indecent portray of women in mass media. The committee headed by ..........
1) Mamatha Sharma
2) Sonia Gandhi
3) Ratna Prabha
4) Leela Samson
5) None
18. Which NBFC got the permission from RBI to establish 9000 White Label ATMs in the coming 3 years?
1) Manappuram Finance
2) Mahendra Finance
3) Muthoot Finance
4) Sri Ram Finance
5) GMR Infra
19. As per the recent RBI report, the average monthly import of Gold in to India in 2012-13 is ............
1) 70 tonnes
2) 100 tonnes
3) 150 tonnes
4) 200 tonnes
5) None
20. Voluntary Compliance Encouragement scheme applicable to ..........
1) Sales Tax
2) Service Tax
3) Customs Duty
4) Excise Duty
5) None
21. Which Multi brand retail company was fined for $110 million for the breaking of environmental laws?
1) IKEA
2) BATA
3) Walmart
4) Forbes
5) None
22. DICCI SME Fund is India's first ...........
1) Stock Exchange
2) RBI recent Inflation bond
3) SBI bond for the benefit of Small Scale Industries
4) SEBI registered fund for Dalits
5) None
23. FDI limit in the Telecom sector to be increased from 74% to .............. as approved by Telecom Commission of India.
1) 100
2) 95
3) 85
4) 90
5) 80
24. For the year 2012-2013, how much rate of interest to be paid on Provident Funds?
1) 8.5%
2) 9.1%
3) 10.5%
4) 9.9%
5) None
25. Put Option means ............
1) Right to sell a certain amount of shares at a specific price and within a given time frame
2) Right to buy a certain amount of shares
at a specific price and within a given time frame
3) Right to mortgage the shares at a specific price and within a given time frame
4) Right to trade the shares at a long term at lowest price
5) None
26. Nirbhaya Bhavan foundation stone laid down on 12th June 2013 by President of India at .............
1) Mumbai
2) Kolkata
3) Pune
4) New Delhi
5) Nagpur
27. 5th IBSA Woman Resolution was made on 16th May 2013. IBSA means India, Brazil and ..........?
1) South America
2) South Australia
3) South Antarctica
4) South Arizona
5) South Africa
28. In which following group/organization/summit India got observer status recently?
1) NAM
2) SAARC
3) UNESCO
4) Arctic Council
5) UNO
29. Sally Ride is the first USA ..........., received Presidential Award of Freedom, the highest Medal in USA?
1) lady president
2) lady anchor
3) lady rail engine driver
4) lady astronaut
5) lady Foreign Minister
30. Yellow Oscar Award conferred on the short film 'High Power'. This film is about .........
1) Baba Atomic Research Centre
2) Nagarjuna Sagar Project
3) President of India office
4) SBI
5) Tarapur Atomic Centre
31. Pierre Deligne won Abel Prize. The Abel prize treated as ...........
1) Noble Prize in Mathematics
2) Noble Prize in Peace
3) Noble Prize in Chemistry
4) Noble Prize in Medicine
5) None
32. Thomas Cup 2014 host by India. It is an .........
1) International Badminton event for women
2) International Cricket event for women
3) International Squash event for women
4) International Athletics event for women
5) International Badminton event for men
33. .............. has been granted the Associated Membership in ICC (International Cricket Council)
1) Pakistan
2) India
3) Afghanistan
4) West Indies
5) USA
34. India's first tourist seaplane service launched in .........
1) Tamilnadu
2) AP
3) Sikkim
4) Kerala
5) None
35. 2014 Indian science congress summit to be held in ............
1) Andhra Pradesh
2) Jammu and Kashmir
3) UP 4) Rajasthan
5) West Bengal
36. On 17 May 2013, the government of India revised the creamy layer criteria for OBC from Rs.4.5 lakh per annum to ............
1) 5 lakh per annum
2) 9 lakh per annum
3) 10 lakh per annum
4) 12 lakh per annum
5) 6 lakh per annum
37. Central government given nod to grant Tiger Reserve status to Rajaji National Park. It is in ................
1) Tamilnadu
2) Karnataka
3) Uttarakhand
4) Jharkhand
5) Sikkim
38. Atal Bihari Vajapayee University to be established at ............
1) Bhopal
2) Chennai
3) Lucknow
4) Varanasi
5) New Delhi
39. National Commission for Protection of Child Rights (NCPCR) headed by ..........
1) P.L. Punia
2) Rameshwar Oran
3) Mamatha Sharma
4) Kushal Singh
5) None
40. Which of the following is not the currency of any nation in the world?
1) Lira
2) Shekel
3) Libor
4) Peso
5) Ruble
41. Malaria Day is ............
1) 25 January
2) 25 February
3) 25 April
4) 25 March
5) 25 May
42. In which bank recently, LIC purchased Rs.500 crore non-convertible bonds?
1) SBI 2) ICICI bank
3) Union Bank of India
4) United Bank of India
5) Dena Bank
43. On 1 July, 2013 RBI declared that Banks face the huge asset-liability mismatch in ..............
1) personal loans
2) vehicle loans
3) education loan
4) consumption loans
5) home Loans
44. Certificates of Deposit (CDs) were introduced in India in ...........
1) 1991
2) 1994
3) 1989
4) 2000
5) 2001
45. Certificates of Deposit is a .........
1) negotiable money market instrument or currency issued against funds deposited at a bank
2) negotiable money market instrument or a Promissory Note against funds deposited in NBFC
3) negotiable money market instrument or a Promissory Note against funds deposited at a bank
4) negotiable money market instrument issued by Stock Exchanges against the back drop of market
5) None
46. Certificate of deposit issued by banks except ...........
1) Public Sector Banks
2) Private Sector Banks
3) Regional Rural Banks
4) all of above
5) None
47. The minimum amount of Certificate of Deposit can be issued Rs ........ (In lakhs)
1) 5
2) 10
3) 2
4) 15
5) 1
48. Bank's Certificate of Deposit maturity period minimum period is 7 days and maximum period is ..............(in years)
1) 5
2) 1
3) 4
4) 10
5) 7
49. Financial Institutions' Certificate of Deposits minimum period is 1 year and maximum period is .............. (in years)
1) 3
2) 2
3) 5
4) 7
5) 10
50. As per RBI order, whether loan can be granted against the Certificate of Deposit...
1) loan can not be granted
2) loan can be granted
3) loan can be granted up to 50 % value
4) loan can be granted up to 75 % of value
5) None
ANSWERS:
1.3, 2.5, 3.3, 4.3, 5.5, 6.3, 7.3, 8.3, 9.2, 10.4
11.5, 12.1, 13.1, 14.4, 15.4, 16.3, 17.3, 18.3, 19.1, 20.2
21.3, 22.4, 23.1, 24.1, 25.1, 26.4, 27.5, 28.4, 29.4, 30.5
31.1, 32.5, 33.3, 34.4, 35.2, 36.5, 37.3, 38.1, 39.4, 40.3
41.3, 42.4, 43.5, 44.3, 45.3, 46.3, 47.5, 48.2, 49.1, 50.1
