1. An account holder draws a cheque on a?
a) Banker of the Payee
b) Banker of the Drawee
c) Banker of the Drawer
d) Banker of the Endorsee
e) None of the above
2. The Bank should comply and intimate the compliance of Award to Ombudsman?
a) Within Two Months
b) Within 3 months
c) Within one month
d) Within one year
e) None
3. Capital adequacy is worked out based on?
a) Total demand and time liabi-lities
b) Net demand and time assets
c) Risk weighted assets
d) Risk weighted liabilities
e) None of the above
4. Statutory Liquidity Ratio (SLR) can be maintained in the follow ing ways?
a) Cash
b) Gold
c) Unencumbered approved se- curities
d) All of these
e) None of the above
5. What was the deposits criteria of 14 Banks nationalized on 19th July 1969?
a) Rs.1000 Crore
b) Rs. 500 Crore
c) Rs. 100 Crore
d) Rs. 50 Crore
e) None of the above
6. What are the features of sele-ctive credit control?
a) They distinguish between ess- ential and non-essential uses of Bank credit
b) Only non-essential uses are brought under the scope of Credit Bank controls
c) They effect not only the lenders but also the borrowers
d) All the above
e) None of the above
7. Which of the following are the targets for different categories of priority sector?
a) Overall target 40% of net Bank credit
b) Agriculture loans (direct and indirect) 18%
c) Priority sector target for foreign Banks is 32%
d) All the above
e) None of the above
8. Benefits in core Banking is ?
a) Reliable centralised data recovery
b) Data warehousing and data mining technologies
c) Integrated customer centric services
d) None
e) All the above
9. Cheque truncation can be done by?
a) Using MICR data
b) Sending cheque by speed post
c) Using image processing
d) a&c
e) None of the above
10. Bank rate is decided by?
a) Indian bank association
b) Individual commercial bank
c) Finance ministry
d) Any one of the above can decide
e) None of the above
11. What is nomination?
a) A facility given to depositors by the Government
b) It confers a right to the nomi-nee to receive payment of a deposit after death of de- positors
c) It is a process of appointing legal heir by the depositors
d) It is a part of will on behalf of a depositor
e) None of the above
12. BFS- Board for Financial Supervision constituted in 1994 by RBI to undertake consoli-dated supervision of?
a) Commercial Banks
b) Financial Institutions
c) Non Banking Finance Companies
d) None of the above
e) All the above
13. 'One Family one Bank' is the tagline of which Bank?
a) Bank of India
b) Indian Bank
c) Bank of Maharastra
d) Union Bank of India
e) None of the above
14. Research Institutions set up by Reserve Bank of India are?
a) IDRBT (Institute for Deve- lopment and Research in Ban- king Technology), Hyderabad
b) IGIDR(Indira Gandhi Insti- tute of Development Resea-rch), Mumbai
c) NIBM (National Institute of Bank Management), Pune
d) Only a & b
e) All the above
15. Who is the Chairman of the Technical Committee formed to make a study on improve- ment in Mobile Banking:
a) Bimal Jalan
b) Rahuram Rajan
c) B Sambamurthy
d) Pulak Kumar Sinha
e) None of the above
16. A depositor wants to give nom-ination in favour of a Needy Charitable Trust Is it accep- table to the banker?
a) Yes, any one can be a nominee
b) No Only a blood relative should be a nominee
c) As per the discretion of the Branch Manager
d) No, as per Nomination Guide lines only Individuals can be nominated as Nominee and not institutions
e) None of the above
17. Who is the Chairman of SEBI?
a) UK Sinha
b) TS Vijayan
c) KR Kamat
d) HR Khan
e) None of the above
18. Which of the following is not an India based credit rating agency?
a) CRISIL
b) CARE
c) Standard & Poor
d) ICRA
e) None of the above
19. Subsidiaries of RBI are?
a) NABARD (National Bank for Agriculture and Rural Deve lopment)
b) NHB (National Housing Bank)
c) DICGC (Deposit Insurance and Credit Guarantee Corpo ration of India)
d) BRBNMPL(Bharatiya Reserve Bank Note Mudran Private Limited)
e) All the above
20. CRAR stands for?
a) Capital Restructure Asset Ratio
b) Credit Report on Agriculture Research
c) Capital to Risk-weighted Assets Ratio
d) Capital intensive Rural & Agriculture Research
e) None of the above
21. SEBI, a regulator of Securities Market in India was established in the year 1988 but was empowered with Statutory Powers in the form of Act in the year?
a) 1990
b) 1991
c) 1992
d) 1993
e) None of the above
22. Name the Premier Institution that is taking care of the financial needs of importers and exporters of our country which was established in the year 1981?
a) EXPO BANK
b) Export-Import Bank(EXIM)
c) Merchant Bank
d) ECGC
e) None of the above
23. SMERA is an SME Rating Agency in India meant for?
a) Rating on credit worthiness of MSME
b) Rating on Quality Management
c) Rating on Training System
d) Rating on Technology usage in the organization
e) None of the above
24. Which of the following is not insured by the DICGC?
a) All Indian commercial Banks
b) Foreign Banks branches
functioning in India
c) Local Area Banks
d) Cooperative Banks
e) Primary cooperative societies
25. FIPB stands for?
a) Foreign Investment Permane nt Board
b) Foreign Industrial Promotion Board
c) Foreign Investment Promo tion Board
d) Financial Investment Promo tion Board
e) None of the above
26. Which of the following is not a feature of Recurring Deposit Account?
a) Rate of interest will be higher than Savings Bank Account
b) Loan facility is available on Recurring Deposit
c) No TDS on the interest earned
d) Premature closure of the Recurring Deposit Account is not allowed
e) None of the above
27. Overdraft is normally allowed in which of the following deposit accounts?
a) Recurring Deposit
b) Fixed Deposit
c) Savings deposit
d) Current Deposit
e) None of the above
28 Name the Chairman of the Committee formed by Govern ment, who had recommended measures to boost export from the MSME Sector?
a) Raghuram Rajan
b) T.S. Vijayan
c) R.S. Gujral
d) U.K. Sinha
e) None of the above
29. CGTMSE stands for?
a) Central Government Fund Trust for Medium and Small Enterprises
b) Credit Guarantee Fund for Medium Size Enterprises
c) Central Government Transfer Fund for Multispecialty Mic- ro Enterprises
d) Credit Guarantee Fund Trust for Micro and Small Enter-prises
e) None of the above
30. Person of Indian Origin means, a Foreign citizen (other than Bangladesh and Pakistan) who fulfils the following criteria?
a) Held an Indian Passport at any time in the past,
b) He or either of his parents or any of his Grand parents was a citizen of India,
c) The Spouse of an Indian citizen or Person of Indian origin
d) None of the above
e) All the above
31. Which of the following is not true in case of SARFAESI Act 2002?
a) Banks can take action of recovery of loan, in case of NPA, without intervention of court
b) Minimum Rs 1.00 lac overdue should be in the loan account
c) Sixty days notice to be given under the Act to the defaulted borrower
d) SARFAESI Act can be implemented even if one installment in term loan is overdue.
e) All the above
32. Foreign Currency Non-Resi- dent Account can be opened in the form of?
a) Current Account
b) Term Deposit only
c) Recurring deposit
d) Savings Deposit only
e) All the above
33. Who is a very senior citizen?
a) A person who is 65 years and above
b) A person who is 75 years and above
c) A person who is 80 years and above
d) A person who is 90 years and above
e) A person who completed 100 years of age
Answers:
1) c 2) c 3) c 4) d 5) d 6) d 7) d 8) e 9) d 10) e
11) b 12) e 13) c 14) e 15) c 16) d 17) a 18) c 19) e 20) c
21) c 22) b 23) a 24) e 25) c 26) d 27) d 28) c 29) d 30) e 31) d 32) b33) c
a) Banker of the Payee
b) Banker of the Drawee
c) Banker of the Drawer
d) Banker of the Endorsee
e) None of the above
2. The Bank should comply and intimate the compliance of Award to Ombudsman?
a) Within Two Months
b) Within 3 months
c) Within one month
d) Within one year
e) None
3. Capital adequacy is worked out based on?
a) Total demand and time liabi-lities
b) Net demand and time assets
c) Risk weighted assets
d) Risk weighted liabilities
e) None of the above
4. Statutory Liquidity Ratio (SLR) can be maintained in the follow ing ways?
a) Cash
b) Gold
c) Unencumbered approved se- curities
d) All of these
e) None of the above
5. What was the deposits criteria of 14 Banks nationalized on 19th July 1969?
a) Rs.1000 Crore
b) Rs. 500 Crore
c) Rs. 100 Crore
d) Rs. 50 Crore
e) None of the above
6. What are the features of sele-ctive credit control?
a) They distinguish between ess- ential and non-essential uses of Bank credit
b) Only non-essential uses are brought under the scope of Credit Bank controls
c) They effect not only the lenders but also the borrowers
d) All the above
e) None of the above
7. Which of the following are the targets for different categories of priority sector?
a) Overall target 40% of net Bank credit
b) Agriculture loans (direct and indirect) 18%
c) Priority sector target for foreign Banks is 32%
d) All the above
e) None of the above
8. Benefits in core Banking is ?
a) Reliable centralised data recovery
b) Data warehousing and data mining technologies
c) Integrated customer centric services
d) None
e) All the above
9. Cheque truncation can be done by?
a) Using MICR data
b) Sending cheque by speed post
c) Using image processing
d) a&c
e) None of the above
10. Bank rate is decided by?
a) Indian bank association
b) Individual commercial bank
c) Finance ministry
d) Any one of the above can decide
e) None of the above
11. What is nomination?
a) A facility given to depositors by the Government
b) It confers a right to the nomi-nee to receive payment of a deposit after death of de- positors
c) It is a process of appointing legal heir by the depositors
d) It is a part of will on behalf of a depositor
e) None of the above
12. BFS- Board for Financial Supervision constituted in 1994 by RBI to undertake consoli-dated supervision of?
a) Commercial Banks
b) Financial Institutions
c) Non Banking Finance Companies
d) None of the above
e) All the above
13. 'One Family one Bank' is the tagline of which Bank?
a) Bank of India
b) Indian Bank
c) Bank of Maharastra
d) Union Bank of India
e) None of the above
14. Research Institutions set up by Reserve Bank of India are?
a) IDRBT (Institute for Deve- lopment and Research in Ban- king Technology), Hyderabad
b) IGIDR(Indira Gandhi Insti- tute of Development Resea-rch), Mumbai
c) NIBM (National Institute of Bank Management), Pune
d) Only a & b
e) All the above
15. Who is the Chairman of the Technical Committee formed to make a study on improve- ment in Mobile Banking:
a) Bimal Jalan
b) Rahuram Rajan
c) B Sambamurthy
d) Pulak Kumar Sinha
e) None of the above
16. A depositor wants to give nom-ination in favour of a Needy Charitable Trust Is it accep- table to the banker?
a) Yes, any one can be a nominee
b) No Only a blood relative should be a nominee
c) As per the discretion of the Branch Manager
d) No, as per Nomination Guide lines only Individuals can be nominated as Nominee and not institutions
e) None of the above
17. Who is the Chairman of SEBI?
a) UK Sinha
b) TS Vijayan
c) KR Kamat
d) HR Khan
e) None of the above
18. Which of the following is not an India based credit rating agency?
a) CRISIL
b) CARE
c) Standard & Poor
d) ICRA
e) None of the above
19. Subsidiaries of RBI are?
a) NABARD (National Bank for Agriculture and Rural Deve lopment)
b) NHB (National Housing Bank)
c) DICGC (Deposit Insurance and Credit Guarantee Corpo ration of India)
d) BRBNMPL(Bharatiya Reserve Bank Note Mudran Private Limited)
e) All the above
20. CRAR stands for?
a) Capital Restructure Asset Ratio
b) Credit Report on Agriculture Research
c) Capital to Risk-weighted Assets Ratio
d) Capital intensive Rural & Agriculture Research
e) None of the above
21. SEBI, a regulator of Securities Market in India was established in the year 1988 but was empowered with Statutory Powers in the form of Act in the year?
a) 1990
b) 1991
c) 1992
d) 1993
e) None of the above
22. Name the Premier Institution that is taking care of the financial needs of importers and exporters of our country which was established in the year 1981?
a) EXPO BANK
b) Export-Import Bank(EXIM)
c) Merchant Bank
d) ECGC
e) None of the above
23. SMERA is an SME Rating Agency in India meant for?
a) Rating on credit worthiness of MSME
b) Rating on Quality Management
c) Rating on Training System
d) Rating on Technology usage in the organization
e) None of the above
24. Which of the following is not insured by the DICGC?
a) All Indian commercial Banks
b) Foreign Banks branches
functioning in India
c) Local Area Banks
d) Cooperative Banks
e) Primary cooperative societies
25. FIPB stands for?
a) Foreign Investment Permane nt Board
b) Foreign Industrial Promotion Board
c) Foreign Investment Promo tion Board
d) Financial Investment Promo tion Board
e) None of the above
26. Which of the following is not a feature of Recurring Deposit Account?
a) Rate of interest will be higher than Savings Bank Account
b) Loan facility is available on Recurring Deposit
c) No TDS on the interest earned
d) Premature closure of the Recurring Deposit Account is not allowed
e) None of the above
27. Overdraft is normally allowed in which of the following deposit accounts?
a) Recurring Deposit
b) Fixed Deposit
c) Savings deposit
d) Current Deposit
e) None of the above
28 Name the Chairman of the Committee formed by Govern ment, who had recommended measures to boost export from the MSME Sector?
a) Raghuram Rajan
b) T.S. Vijayan
c) R.S. Gujral
d) U.K. Sinha
e) None of the above
29. CGTMSE stands for?
a) Central Government Fund Trust for Medium and Small Enterprises
b) Credit Guarantee Fund for Medium Size Enterprises
c) Central Government Transfer Fund for Multispecialty Mic- ro Enterprises
d) Credit Guarantee Fund Trust for Micro and Small Enter-prises
e) None of the above
30. Person of Indian Origin means, a Foreign citizen (other than Bangladesh and Pakistan) who fulfils the following criteria?
a) Held an Indian Passport at any time in the past,
b) He or either of his parents or any of his Grand parents was a citizen of India,
c) The Spouse of an Indian citizen or Person of Indian origin
d) None of the above
e) All the above
31. Which of the following is not true in case of SARFAESI Act 2002?
a) Banks can take action of recovery of loan, in case of NPA, without intervention of court
b) Minimum Rs 1.00 lac overdue should be in the loan account
c) Sixty days notice to be given under the Act to the defaulted borrower
d) SARFAESI Act can be implemented even if one installment in term loan is overdue.
e) All the above
32. Foreign Currency Non-Resi- dent Account can be opened in the form of?
a) Current Account
b) Term Deposit only
c) Recurring deposit
d) Savings Deposit only
e) All the above
33. Who is a very senior citizen?
a) A person who is 65 years and above
b) A person who is 75 years and above
c) A person who is 80 years and above
d) A person who is 90 years and above
e) A person who completed 100 years of age
Answers:
1) c 2) c 3) c 4) d 5) d 6) d 7) d 8) e 9) d 10) e
11) b 12) e 13) c 14) e 15) c 16) d 17) a 18) c 19) e 20) c
21) c 22) b 23) a 24) e 25) c 26) d 27) d 28) c 29) d 30) e 31) d 32) b33) c
