1. Who among the following is not the Governor of any state in India?
1) Nirbhay Sharma
2) Shekhar Dutt
3) Lalthanhawla
4) Kamla Beniwal
5) Hansraj Bhardwaj
2. On 2 November 2013, India and Vietnam made a treaty relates to ....
1) export of food grains
2) establishment of factories in river beds
3) cyber security
4) green revolution in dry areas
5) transfer of sentenced prisoners in the jails in two countries
3. President of the European Bank for Reconstruction and Development (EBRD) is?
1) Suma Chakrabarti
2) Takehiko Nakao
3) Jin-Yong Cai
4) Keiko Honda
5) None
4. The bank covered under the Banking Ombudsman Scheme, 2006 is..
1) Scheduled Public Sector Banks
2) Scheduled Private Sector Banks
3) Regional Rural Banks
4) Scheduled Primary Co-operative Banks
5) All of above
5. Banking ombudsman is a senior official appointed by....
1) Finance Minister
2) RBI
3) SEBI
4) FSDC
5) None
6. As per the present rules, any person can file a compliant before the Banking ombudsman, if the satisfied reply is not received from the bank within a period of....
1) one month
2) three months
3) two months
4) six months
5) None
7. When the ombudsman rejects the compliant of the customer ...?
1) if the customer does not approach the bank first.
2) one has not made the complaint within one year from the date one has received the reply of the bank or if no reply is received if it is more than one year and one month from the date of representation to the bank.
3) subject matter of the complaint is pending for disposal/ has already been dealt with at any other forum like court of law, consumer court.
4) complaint is frivolous or vexatious.
5) In all above cases, the ombudsman will not accept the compliant from customer.
8. The fee collected by ombudsman to take compliant from the customer?
1) Rs. 5
2) Rs.100
3) Rs.10
4) fix by the bank
5) No fee collects by the ombudsman
9. The ombudsman take the compliant and can take action if .....
1) non-payment or delay in payment of inward remittances.
2) non-credit of proceeds to parties accounts, non-payment of deposit or nonobservance of the Reserve Bank directives.
3) not accepting the legal tender and or for charging of commission in respect thereof.
4) inordinate delay in the payment or collection of cheques, drafts, bills.
5) In the all above cases the ombudsman take action.
10. When the ombudsman take action against the bank?
1) collecting charges without adequate prior notice to the customer.
2) refusal to accept or delay in accepting payment towards taxes, as required by government.
3) refusal to close or delay in closing the accounts.
4) non-observance of Reserve Bank guidelines on engagement of recovery agents by banks.
5) In the above all cases, ombudsman take action.
11. If any customer not satisfied with ombudsman compliant, the next appellate authority is .....
1) Governor, RBI
2) Governor of that State
3) Finance Minister of India
4) Deputy Governor of RBI
5) President of India
12. Which of the following awards not conferred on Nelson Mandela?
1) Nobel Peace Prize
2) Bhart Ratna
3) Tagore Award For Cultural Harmony
4) International Gandhi Peace Prize for social, economic and political transformation
5) Presidential Award of Freedom of USA
13. Under which Article of the Indian Constitution, Finance Commission (FC) established?
1) 280
2) 14
3) 368
4) 370
5) 21
14. Finance Commission established for every...?
1) 5 years
2) 10 years
3) 4 years
4) 7 years
5) None
15. Which of the following is not the function of Finance Commission?
1) Distribution of net proceeds of taxes between Centre and the States.
2) Determine factors governing Grants-in Aid to the states.
3) Lending to foreign countries by Central government.
4) Recommending to President to increase the Consolidated Fund of a State.
5) None
16. First Finance Commission Chairman is K.C. Neogy. The 13th Finance Commission chairman is ....
1) Vijay.C.Kelkar
2) C. Rangarajan
3) K. Santhanam
4) K.C. Pant
5) None
17. Operational duration of 13th Finance commission is .....
1) 2007 - 12
2) 2009 - 14
3) 2013 - 18
4) 2014 - 18
5) 2010 - 15
18. The recommendation of 13th Finance Commission is .....
1) Share of states in the net proceeds of the shareable Central taxes should be 32%.
2) Revenue deficit to be progressively reduced and eliminated, followed by revenue surplus by 2013 - 14.
3) Fiscal deficit to be reduced to 3% of the GDP by 2014 - 15.
4) Initiatives to reduce the number of Central Sponsored Schemes (CSS).
5) All of above
19. 14th Finance Commission headed by...
1) Y.V. Reddy
2) Montek Singh Ahluwalia
3) U.K.Sinha
4) Raghuram Rajan
5) None
20. Who is the founder of Central Bank of India?
1) Annie Besant
2) Jawahar Lal Nehru
3) Sorabji Pochkhanawala
4) Mahatma Gandhi
5) Mokshagundam Vishveshwariah
21. Reserve Bank of India formed on the recommendations of ....
1) Keynes Commission
2) O.V. Smith Committee
3) Royal Commission on Indian Currency and Finance
4) Kelkar Committee
5) None
22. Banking Regulation Act was passed in...
1) 1935
2) 1949
3) 1945
4) 1956
5) 1971
23. On which date, 14 banks were nationalized in 1969 by Indira Gandhi?
1) 19th February
2) 19th January
3) 19th August
4) 19th June
5) 19th July
24. Pick the bank that not nationalized in 1969.
1) Corporation Bank
2) Bank of India
3) Bank of Baroda
4) Central Bank of India
5) Dena bank
25. Which nationalized bank was merged with Punjab National Bank on 4th September
1993?
1) Bank of India
2) Andhra Bank
3) New Bank of India
4) Syndicate Bank
5) Union Bank of India
26. On which banks the RBI has partial control?
1) Public Sector Banks
2) Private Sector Banks
3) EXIM bank
4) Foreign Banks
5) Co-operative Banks
27. Cheque system was introduced first time by ........... in 1784.
1) Baroda Pethi Bank
2) Punjab National Bank
3) Bengal Bank
4) Maharaja Bank
5) Bank of Madras
28. First RRB in India to launch RuPay Debit Card in India is .....
1) Kashi Gomti Samyut Gramin Bank, Varanasi (UP).
2) Deccan Gramin Bank, Hyderabad (AP).
3) Samastipur Kshetriya Gramin Bank, Samasitpur (Bihar).
4) Visveshvaraya Grameena Bank, Mandya (Karnataka).
5) Bangiya Gramin Vikash Bank, Berhampur (West Bengal).
29. From 1 December 2013, what is the new order of RBI regarding the Point of Sales terminals (POS)?
1) Customers should punch PIN number of Debit Card.
2) Customers should not buy more than Rs.10,000 at POS.
3) Customers should not swipe more than once in a day.
4) Customers should not show card expiry date to the Shop keeper.
5) None
30. On 29 November 2013, RBI extended the freedom given to banks for setting rate of interest on NRE deposits till .....
1) 31 January 2015
2) 31 December 2013
3) 31 August 2014
4) 30 November 2014
5) 31 January 2014
31. As per the order of RBI on 28th November 2013, NBFC can hold more than .... percent in insurance joint ventures?
1) 50
2) 74
3) 49
4) 24
5) 20
32. On 25 November 2013, under the label of 'Social and Commercial Infrastructure', which new sub category included?
1) Agriculture warehouses having capacity to store 200 tonnes.
2) SME hubs
3) Railway projects worth of Rs.500 crores
4) Drinking water tanks construction
5) Hotels with project cost of more than 200 crores of any star rating.
33. 2013-14 second Quarter GDP increased by....
1) 5.2%
2) 4.8%
3) 4.4%
4) 5.4%
5) 10.1%
ANSWERS:
1-3, 2-5, 3-1, 4-5, 5-2, 6-1, 7-5, 8-5, 9-5, 10-5,
11-4, 12-3, 13-1, 14-1, 15-3, 16-1, 17-5, 18-5, 19-1, 20-3
21-3, 22-2, 23-5, 24-1, 25-3, 26-5, 27-3, 28-1, 29-1, 30-5, 31-1, 32-5, 33-2.
1) Nirbhay Sharma
2) Shekhar Dutt
3) Lalthanhawla
4) Kamla Beniwal
5) Hansraj Bhardwaj
2. On 2 November 2013, India and Vietnam made a treaty relates to ....
1) export of food grains
2) establishment of factories in river beds
3) cyber security
4) green revolution in dry areas
5) transfer of sentenced prisoners in the jails in two countries
3. President of the European Bank for Reconstruction and Development (EBRD) is?
1) Suma Chakrabarti
2) Takehiko Nakao
3) Jin-Yong Cai
4) Keiko Honda
5) None
4. The bank covered under the Banking Ombudsman Scheme, 2006 is..
1) Scheduled Public Sector Banks
2) Scheduled Private Sector Banks
3) Regional Rural Banks
4) Scheduled Primary Co-operative Banks
5) All of above
5. Banking ombudsman is a senior official appointed by....
1) Finance Minister
2) RBI
3) SEBI
4) FSDC
5) None
6. As per the present rules, any person can file a compliant before the Banking ombudsman, if the satisfied reply is not received from the bank within a period of....
1) one month
2) three months
3) two months
4) six months
5) None
7. When the ombudsman rejects the compliant of the customer ...?
1) if the customer does not approach the bank first.
2) one has not made the complaint within one year from the date one has received the reply of the bank or if no reply is received if it is more than one year and one month from the date of representation to the bank.
3) subject matter of the complaint is pending for disposal/ has already been dealt with at any other forum like court of law, consumer court.
4) complaint is frivolous or vexatious.
5) In all above cases, the ombudsman will not accept the compliant from customer.
8. The fee collected by ombudsman to take compliant from the customer?
1) Rs. 5
2) Rs.100
3) Rs.10
4) fix by the bank
5) No fee collects by the ombudsman
9. The ombudsman take the compliant and can take action if .....
1) non-payment or delay in payment of inward remittances.
2) non-credit of proceeds to parties accounts, non-payment of deposit or nonobservance of the Reserve Bank directives.
3) not accepting the legal tender and or for charging of commission in respect thereof.
4) inordinate delay in the payment or collection of cheques, drafts, bills.
5) In the all above cases the ombudsman take action.
10. When the ombudsman take action against the bank?
1) collecting charges without adequate prior notice to the customer.
2) refusal to accept or delay in accepting payment towards taxes, as required by government.
3) refusal to close or delay in closing the accounts.
4) non-observance of Reserve Bank guidelines on engagement of recovery agents by banks.
5) In the above all cases, ombudsman take action.
11. If any customer not satisfied with ombudsman compliant, the next appellate authority is .....
1) Governor, RBI
2) Governor of that State
3) Finance Minister of India
4) Deputy Governor of RBI
5) President of India
12. Which of the following awards not conferred on Nelson Mandela?
1) Nobel Peace Prize
2) Bhart Ratna
3) Tagore Award For Cultural Harmony
4) International Gandhi Peace Prize for social, economic and political transformation
5) Presidential Award of Freedom of USA
13. Under which Article of the Indian Constitution, Finance Commission (FC) established?
1) 280
2) 14
3) 368
4) 370
5) 21
14. Finance Commission established for every...?
1) 5 years
2) 10 years
3) 4 years
4) 7 years
5) None
15. Which of the following is not the function of Finance Commission?
1) Distribution of net proceeds of taxes between Centre and the States.
2) Determine factors governing Grants-in Aid to the states.
3) Lending to foreign countries by Central government.
4) Recommending to President to increase the Consolidated Fund of a State.
5) None
16. First Finance Commission Chairman is K.C. Neogy. The 13th Finance Commission chairman is ....
1) Vijay.C.Kelkar
2) C. Rangarajan
3) K. Santhanam
4) K.C. Pant
5) None
17. Operational duration of 13th Finance commission is .....
1) 2007 - 12
2) 2009 - 14
3) 2013 - 18
4) 2014 - 18
5) 2010 - 15
18. The recommendation of 13th Finance Commission is .....
1) Share of states in the net proceeds of the shareable Central taxes should be 32%.
2) Revenue deficit to be progressively reduced and eliminated, followed by revenue surplus by 2013 - 14.
3) Fiscal deficit to be reduced to 3% of the GDP by 2014 - 15.
4) Initiatives to reduce the number of Central Sponsored Schemes (CSS).
5) All of above
19. 14th Finance Commission headed by...
1) Y.V. Reddy
2) Montek Singh Ahluwalia
3) U.K.Sinha
4) Raghuram Rajan
5) None
20. Who is the founder of Central Bank of India?
1) Annie Besant
2) Jawahar Lal Nehru
3) Sorabji Pochkhanawala
4) Mahatma Gandhi
5) Mokshagundam Vishveshwariah
21. Reserve Bank of India formed on the recommendations of ....
1) Keynes Commission
2) O.V. Smith Committee
3) Royal Commission on Indian Currency and Finance
4) Kelkar Committee
5) None
22. Banking Regulation Act was passed in...
1) 1935
2) 1949
3) 1945
4) 1956
5) 1971
23. On which date, 14 banks were nationalized in 1969 by Indira Gandhi?
1) 19th February
2) 19th January
3) 19th August
4) 19th June
5) 19th July
24. Pick the bank that not nationalized in 1969.
1) Corporation Bank
2) Bank of India
3) Bank of Baroda
4) Central Bank of India
5) Dena bank
25. Which nationalized bank was merged with Punjab National Bank on 4th September
1993?
1) Bank of India
2) Andhra Bank
3) New Bank of India
4) Syndicate Bank
5) Union Bank of India
26. On which banks the RBI has partial control?
1) Public Sector Banks
2) Private Sector Banks
3) EXIM bank
4) Foreign Banks
5) Co-operative Banks
27. Cheque system was introduced first time by ........... in 1784.
1) Baroda Pethi Bank
2) Punjab National Bank
3) Bengal Bank
4) Maharaja Bank
5) Bank of Madras
28. First RRB in India to launch RuPay Debit Card in India is .....
1) Kashi Gomti Samyut Gramin Bank, Varanasi (UP).
2) Deccan Gramin Bank, Hyderabad (AP).
3) Samastipur Kshetriya Gramin Bank, Samasitpur (Bihar).
4) Visveshvaraya Grameena Bank, Mandya (Karnataka).
5) Bangiya Gramin Vikash Bank, Berhampur (West Bengal).
29. From 1 December 2013, what is the new order of RBI regarding the Point of Sales terminals (POS)?
1) Customers should punch PIN number of Debit Card.
2) Customers should not buy more than Rs.10,000 at POS.
3) Customers should not swipe more than once in a day.
4) Customers should not show card expiry date to the Shop keeper.
5) None
30. On 29 November 2013, RBI extended the freedom given to banks for setting rate of interest on NRE deposits till .....
1) 31 January 2015
2) 31 December 2013
3) 31 August 2014
4) 30 November 2014
5) 31 January 2014
31. As per the order of RBI on 28th November 2013, NBFC can hold more than .... percent in insurance joint ventures?
1) 50
2) 74
3) 49
4) 24
5) 20
32. On 25 November 2013, under the label of 'Social and Commercial Infrastructure', which new sub category included?
1) Agriculture warehouses having capacity to store 200 tonnes.
2) SME hubs
3) Railway projects worth of Rs.500 crores
4) Drinking water tanks construction
5) Hotels with project cost of more than 200 crores of any star rating.
33. 2013-14 second Quarter GDP increased by....
1) 5.2%
2) 4.8%
3) 4.4%
4) 5.4%
5) 10.1%
ANSWERS:
1-3, 2-5, 3-1, 4-5, 5-2, 6-1, 7-5, 8-5, 9-5, 10-5,
11-4, 12-3, 13-1, 14-1, 15-3, 16-1, 17-5, 18-5, 19-1, 20-3
21-3, 22-2, 23-5, 24-1, 25-3, 26-5, 27-3, 28-1, 29-1, 30-5, 31-1, 32-5, 33-2.
