1. Maximum number of Public Sector Bank Headquarters are located in which State of India?
a) Maharashtra
b) Karnataka
c) West Bengal
d) Tamil Nadu
e) None of the above
2. Recently Govt. permitted ECBs (External Commercial Borrowings) in which of the Foreign Currencies?
a) Peso
b) Chinese Yuan (Renminbi)
c) Dinar
d) Riyal
e) Ringitt
3. E-Cheque is defined in which Act?
a) Negotiable Instrument Act 1881
b) Banking Regulation Act 1949
c) RBI Act 1935
d) Companies Act 2013
e) None of the above
4. India's longest BRTS(Bus Rapid Transport System) corridor whi-ch is 24 Km long is located in?
a) Chandigarh
b) Delhi
c) Bhopal
d) Mumbai
e) Kolkata
5. What are ETFs (Exchange Traded Funds) in india?
a) Mutual Funds traded like a Stock, on an Exchange
b) Govt. Bond Funds traded on Stock Exchanges
c) Employee Provident Funds traded on Stock Exchanges
d) Pension Funds of Pvt. Sector Employees traded on Stock Exchanges
e) None of the above
6. What is the 'NWS 2013-14' recently launched by NABARD (National Bank for Agriculture and Rural Development)?
a) NABARD Weavers' Scheme
b) NABARD Women's Scheme
c) NABARD Water resources development Scheme
d) NABARD Warehousing Scheme
e) None of the above
7. Who gives License to a Foreign Bank to operate in India?
a) Reserve Bank of India
b) Ministry of Finance, Govt. of India
c) Planning Commission of India
d) Ministry of Home Affairs, Govt. of India
e) None of the above
8. Recently Govt. of India decided to infuse Rs. 14000 Crores into Public Sector Banks in order to boost their Capital Adequacy Ratio and to meet the Credit requirements. Which of the following Banks is getting maximum share of this?
a) Central Bank of India
b) Dena Bank
c) Syndicate Bank
d) Indian Overseas Bank
e) State Bank of India
9. What is a 'Commercial Paper'?
a) An unsecured, Short term Debt Instrument issued by any Individual
b) e-Stamp paper used for all legal transactions
c) An unsecured, Short term Debt Instrument issued by a Corporate
d) An unsecured, Short term Debt Instrument issued by Govt. of India
e) None of the above
10. Which is the Oldest Public Sector Bank in India'?
a) Central Bank of India
b) Allahabad Bank
c) Canara Bank
d) Bank of India
e) None of the above
11. Who won the Nobel Prize for Economics announced in October 2013?
a) Eugene Fama
b) Lars Peter Hansen
c) Robert Shiller
d) Ben Bernanke
e) 'a', 'b'&'c' of the above
12. As per RBI guidelines, how many free ATM withdrawals per month can be done at the other Bank ATMs using a Card issued by your Bank?
a) 10
b) 3
c) 5
d) 8
e) Unlimited
13. Which Country is the World's largest Economy in GDP terms?
a) United States of America
b) China
c) United Kingdom
d) Germany
e) None of the above
14. Which of the following is NOT true regarding National Agricul-ture Insurance Scheme (NAIS) launched by Govt. of India?
a) It covers both food crops and commercial crops
b) Premium subsidy is shared equally by both the State govt. and the Central Govt.
c) It covers Horticulture
d) It is also known as Rashtriya Krishi Bima Yojana (RKBY)
e) None of the above
15. As per RBI guidelines, an Account can be opened with a bank in the name of a Minor along with his/her parent as a Joint Account holder provided the Age of the Minor is?
a) Above 5 years
b) Above 10 years
c) Above 8 years
d) Above 12 years
e) No Minimum age prescribed
16. After 'Facebook' which online Social Networking service provider is going public by offering its shares through an IPO (Initial Public Offering) in the month of November 2013?
a) Twitter
b) Linkedin
c) Gtalk
d) WhatsApp
e) None of the above
17. Who prescribes the norms and guidelines to Banks in India for Classification of Assets in order to identify Non Performing Assets (NPAs)?
a) IBA (Indian Banks' Associ-ation)
b) World Bank
c) Govt. of India
d) Reserve Bank of India
e) None of the above
18. IBA (Indian Banks' Association) is an Association of Banks operating in India. Find the wrong statement about IBA?
a) Foreign Banks operating India cannot be members of IBA
b) Urban Co-operative banks are members of IBA
c) Both Public and Private Sector Banks are members of IBA
d) Any Bank, Corporation, Society carrying on banking business can be a member of IBA
e) There are 2 classes of members- Ordinary & Associate
19. 'Spot', 'Forward' & 'Swap' are the terms associated with?
a) Trading in Commodities
b) Trading in Foreign Exchange
c) Trading in Stocks
d) 'a'&'b' of the above
e) 'a', 'b' & 'c' of the above
20. What are ADRs in financial terms?
a) Allowed Deposit Receipts
b) Asian Depository Receipts
c) American Depository Receipts
d) All-in-one Depository Receipts
e) None of the above
21. TDS(Tax Deducted at Source) is not done on the Interest Income from the following types of Deposits?
a) Company Fixed Deposits
b) Bank Recurring Deposits
c) Bank Fixed Deposits
d) Bank NRO(Non-Resident Ordinary) Accounts
e) None of the above
22. When there is a rise in prices of goods and services in an economy over a period of time, it is known as?
a) Stagflation
b) Deflation
c) Inflation
d) Reflation
e) None of the above
23. What are 'Floating Rate Deposits' offered by Banks in India?
a) Deposits with changing Interest rates linked to respective Bank's Base Rate
b) Deposits with changing Interest rates linked to the Stock Exchange Index
c) Deposits with changing Interest rates linked to the Wholesale Price Index
d) Deposits with changing Interest rates linked to the Index of Industrial Production
e) None of the above
24. India's Foreign Exchange Reserves consist of?
a) Foreign Currency
b) Gold
c) SDRs(Special Drawing Rights)&Reserve position in the IMF
d) 'a' &'b' of the above
e) 'a', 'b' & 'c' of the above
25. A 'Letter of Credit' is primarily used in?
a) International Trade
b) Correspondence between two Banks in India
c) Correspondence between World Bank and Govt. of India
d) Correspondence between a Bank and Reserve Bank of India
e) 'b' & 'd' of the above
26. Who is the Managing Director & CEO of ICICI Bank?
a) K V Kamath
b) Chanda Kochhar
c) Raghuram Rajan
d) Arundhathi Bhattacharya
e) None of the above
27. BRICS is the acronym for an association of 5 major emerging national economies. The 5 Countries are?
a) Britain, Russia, India, China & Sweden
b) Brazil, Russia, India, Canada & Sweden
c) Brazil, Russia, India, China & South Africa
d) Bangladesh, Russia, India, China & Sweden
e) Britain, Russia, India, Canada & Sweden
28. Which of the following pairs is NOT matched?
a) General Insurance - United India Insurance Co.
b) Banking - State Bank of India
c) Credit Ratings - CRISIL
d) Life Insurance - LIC of India
e) Telecom - Larsen & Toubro
29. Name the World's leading Marine Insurance Company?
a) Lloyd's
b) Citi Group
c) Lehman Brothers
d) JP Morgan Chase
e) None of the above
30. Which Bank is the first to introduce 'Internet Banking' in India?
a) Citi Bank
b) HSBC
c) ICICI Bank
d) Barclays
e) None of the above
31. What is NOT true about ELSS (Equity Linked Savings Schemes) in India?
a) Investments in ELSS do not give Tax Benefit
b) ELSS Funds are invested in Indian Equity Market
c) ELSS have a minimum lock in period of 3 years
d) ELSS offer both 'Dividend' & 'Growth' options
e) None of the above
32. What is the main Kharif crop in India?
a) Wheat
b) Rice
c) Jowar
d) Mustard
e) None of the above
Answers
1. a 2. b 3. a 4. c 5. a 6. d 7. a 8. e 9. c 10. b
11. e 12. c 13. a 14. e 15. e 16. a 17. d 18. a 19. e 20. c
21. b 22. c 23. a 24. e 25. a 26. b 27. c 28. e 29. a 30. c 31. a 32. b
