1. Who is the Chairman of the committee set up to scrutinize applications for new Bank licenses?
a) Usha Thorat b) Bimal Jalan
c) C B Bhave d) S Damodaran
e) None of the above
2. The minimum rate of interest charged by a Bank from custo-mers on the loans is?
a) Base Rate b) Bank Rate
c) Prime Rate
d) Prime Lending Rate
e) None of the above
3. Recently RBI took several steps to control Rupee depre-ciation. The effect of Rupee depreciation reflects in:
a) Exports become costlier
b) Imports become costlier
c) Imports become cheaper
d) Both (a) & (c) e) None
4. RBI has decided to allow non-residents to carry Indian currency up to a maximum of Rs. ...... beyond Immigration/ Customs desk to the Duty Free Area/ Security Hold Area in the departure hall in inter-national airports in India for meeting miscellaneous expen-ditures.
a) 12,000 b) 10,000 c) 15,000
d) 20,000 e) None of the above
5. In India, Commodities Market is regulated by?
a) Forward Market Commission
b) Forward Market Committee
c) Forward Market Corporation
d) Forward Market Council
e) None of the above
6. In India, Scheduled Commer-cial Banks are those Banks included?
a) In the 2nd Schedule of RBI Act 1934
b) In the 2nd Schedule of BR Act 1949
c) In the 2nd Schedule of NI Act 1881
d) In the 2nd Schedule of Com-panies Act 1956
e) None of the above
7. Banks in India are governed by BR Act 1949. What does BR stands for?
a) Banks Registration
b) Banking Re-organization
c) Banking Regulation
d) Banking Rights e) None
8. What is India's Apex Tax body?
a) CBDT b) GAAR
c) IT Department d) RBI
e) None of the above
9. What is Net Interest Income of a Bank?
a) Margin of Interest earned on Trading in Govt. Securities
b) Difference between the Base Interest Rate and the Average Lending Rate
c) Difference between the interest (income) received on advances and interest (expen-diture) paid on deposits.
d) Difference between Interest on Term Loans and Interest on Cash Credits
e) None of the above
10. The Basel III guidelines would be implemented in India by––:
a) March 31, 2017
b) March 31, 2019
c) March 31, 2021
d) March 31, 2016
e) March 31, 2018
11. Main functions of Money?
a) Medium of Exchange
b) Unit of Account
c) Store of Value
d) Only 'a' and 'b' of the above
e) 'a', 'b' & 'c' of the above
12. For Kisan Credit Card (KCC) there should be no processing fee up to a card limit of .......
a) Rs. 4 lac b) Rs. 2 lac
c) Rs. 1 lac d) Rs. 50,000
e) Rs. 3 lac
13. Mutual funds are regulated by?
a) SEBI b) IRDA
c) NABARD d) RBI
e) MUTHOOT FINANCE
14. What is Call Money?
a) Money borrowed or lent for a
day or over night
b) Money borrowed for more than one day but upto 3 days
c) Money borrowed for more than one day but upto 7 days
d) Money borrowed for more than one day but upto 14 days
e) None of these
15. Which of the following banks has the highest number of bra-nches outside India?
a) HDFC Bank b) ICICI Bank
c) Bank of Baroda
d) Indian overseas Bank
e) Indian Bank
16. Maximum extent of guarantee where credit facility in CGT MSE for Micro and Small Enterprises is ......
a) 65% b) 75% c) 50%
d) 85% e) 100%
17. ...... is a money market inst-rument, which enables colla-teralized short term borrowing through govt. securities:
a) Reverse Repo Rate
b) Repo Rate c) Bank Rate
d) MSF e) Usance Bill
18. Which of the following is not a tool in the hand of RBI to control the inflationary press-ure in the country?
a) Cash Reserve Ratio (CRR)
b) Bank Rate
c) Statutory Liquidity Ratio (SLR)
d) Special Drawing Rights (SDR)
e) None of these
19. Banks in India normally follow a practice of providing addi-tional interest rate on retail domestic term deposits of?
a) Handicaps b) Senior citizens
c) Rural people
d) Married Women e) None
20. In the context of Banking System, what does productivity means?
a) Productions of Services
b) Quality of Customer service
c) Business per employee
d) All the above e) None of these
21. Which of the following is eligible for priority sector len-ding by banks in India?
a) Micro and Small Enterprises
b) Economicallyweaker sections
c) Agriculture d) Only a and c
e) All a, b and c
22. What is the minimum capital that RBI prescribed for banks to enter into Insurance Business?
a) Rs. 400 cr b) Rs. 300 cr
c) Rs. 200 cr d) Rs. 100 cr
e) Rs. 500 cr
23. Which of the following is NOT a banking related term?
a) Underwriting b) Undertaking
c) Underpinning d) Outstanding
e) None of the above
24. Loans of very small given to low income group is called?
a) Cash Credit b) No Frill Credit
c) Micro Credit d) Small Credit
e) Rural Credit
25. Mahila Kisan Sashaktikaran Pariyojana, under NRLM (Na-tional Rural Livelihood Miss-ion) is targeting towards:
a) Women farmers b) SHGs
c) Joint Liability Groups
d) Women Enterpreneurs
e) None of the above
26. Increase in the Net RBI credit for central government represents?
a) Revenue Deficit
b) Fiscal Deficit
c) Budgetary Deficit
d) Monetized Deficit
e) None of these
27. As per the prevailing norms, banks declare an account ino-perative if it is not used for what period?
a) Six months b) One year
c) Two years d) Five years
e) None of these
28. Issuing of Credit Cards is a component of ?
a) Rural Banking
b) Micro Finance
c) Retail Banking
d) Corporate Banking
e) None of these
29. In which circumstance Dear money policy will be adopted by RBI?
a) Time deposit b) Inflation
c) Treasury Bills d) All the above
e) None of these
30. Which of the following rate decided by the RBI is called "Policy rate"?
a) Deposit Rate b) Base Rate
c) Lending Rate
d) Exchange Rate e) None
31. Doha Bank has been granted license to commence banking operations in India for one of the Private Banks based in?
a) Kuwait b) Iran c) Bahrain
d) Qatar e) None of these
32. Which of the following is the essential feature of a genuine Currency Note?
a) The issuing authority name should be printed on it
b) The promise clause should be printed
c) The guarantee clause should be there
d) All the above e) None
ANSWERS:
1. b 2. a 3. b 4. b 5. a 6. a 7. c 8. a 9. c 10. e
11. e 12. e 13. a 14. a 15. c 16. d 17. b 18. d 19. b 20. c
21. e 22. e 23. c 24. c 25. a 26. d 27. c 28. c 29. b 30. b
31. d 32. d
a) Usha Thorat b) Bimal Jalan
c) C B Bhave d) S Damodaran
e) None of the above
2. The minimum rate of interest charged by a Bank from custo-mers on the loans is?
a) Base Rate b) Bank Rate
c) Prime Rate
d) Prime Lending Rate
e) None of the above
3. Recently RBI took several steps to control Rupee depre-ciation. The effect of Rupee depreciation reflects in:
a) Exports become costlier
b) Imports become costlier
c) Imports become cheaper
d) Both (a) & (c) e) None
4. RBI has decided to allow non-residents to carry Indian currency up to a maximum of Rs. ...... beyond Immigration/ Customs desk to the Duty Free Area/ Security Hold Area in the departure hall in inter-national airports in India for meeting miscellaneous expen-ditures.
a) 12,000 b) 10,000 c) 15,000
d) 20,000 e) None of the above
5. In India, Commodities Market is regulated by?
a) Forward Market Commission
b) Forward Market Committee
c) Forward Market Corporation
d) Forward Market Council
e) None of the above
6. In India, Scheduled Commer-cial Banks are those Banks included?
a) In the 2nd Schedule of RBI Act 1934
b) In the 2nd Schedule of BR Act 1949
c) In the 2nd Schedule of NI Act 1881
d) In the 2nd Schedule of Com-panies Act 1956
e) None of the above
7. Banks in India are governed by BR Act 1949. What does BR stands for?
a) Banks Registration
b) Banking Re-organization
c) Banking Regulation
d) Banking Rights e) None
8. What is India's Apex Tax body?
a) CBDT b) GAAR
c) IT Department d) RBI
e) None of the above
9. What is Net Interest Income of a Bank?
a) Margin of Interest earned on Trading in Govt. Securities
b) Difference between the Base Interest Rate and the Average Lending Rate
c) Difference between the interest (income) received on advances and interest (expen-diture) paid on deposits.
d) Difference between Interest on Term Loans and Interest on Cash Credits
e) None of the above
10. The Basel III guidelines would be implemented in India by––:
a) March 31, 2017
b) March 31, 2019
c) March 31, 2021
d) March 31, 2016
e) March 31, 2018
11. Main functions of Money?
a) Medium of Exchange
b) Unit of Account
c) Store of Value
d) Only 'a' and 'b' of the above
e) 'a', 'b' & 'c' of the above
12. For Kisan Credit Card (KCC) there should be no processing fee up to a card limit of .......
a) Rs. 4 lac b) Rs. 2 lac
c) Rs. 1 lac d) Rs. 50,000
e) Rs. 3 lac
13. Mutual funds are regulated by?
a) SEBI b) IRDA
c) NABARD d) RBI
e) MUTHOOT FINANCE
14. What is Call Money?
a) Money borrowed or lent for a
day or over night
b) Money borrowed for more than one day but upto 3 days
c) Money borrowed for more than one day but upto 7 days
d) Money borrowed for more than one day but upto 14 days
e) None of these
15. Which of the following banks has the highest number of bra-nches outside India?
a) HDFC Bank b) ICICI Bank
c) Bank of Baroda
d) Indian overseas Bank
e) Indian Bank
16. Maximum extent of guarantee where credit facility in CGT MSE for Micro and Small Enterprises is ......
a) 65% b) 75% c) 50%
d) 85% e) 100%
17. ...... is a money market inst-rument, which enables colla-teralized short term borrowing through govt. securities:
a) Reverse Repo Rate
b) Repo Rate c) Bank Rate
d) MSF e) Usance Bill
18. Which of the following is not a tool in the hand of RBI to control the inflationary press-ure in the country?
a) Cash Reserve Ratio (CRR)
b) Bank Rate
c) Statutory Liquidity Ratio (SLR)
d) Special Drawing Rights (SDR)
e) None of these
19. Banks in India normally follow a practice of providing addi-tional interest rate on retail domestic term deposits of?
a) Handicaps b) Senior citizens
c) Rural people
d) Married Women e) None
20. In the context of Banking System, what does productivity means?
a) Productions of Services
b) Quality of Customer service
c) Business per employee
d) All the above e) None of these
21. Which of the following is eligible for priority sector len-ding by banks in India?
a) Micro and Small Enterprises
b) Economicallyweaker sections
c) Agriculture d) Only a and c
e) All a, b and c
22. What is the minimum capital that RBI prescribed for banks to enter into Insurance Business?
a) Rs. 400 cr b) Rs. 300 cr
c) Rs. 200 cr d) Rs. 100 cr
e) Rs. 500 cr
23. Which of the following is NOT a banking related term?
a) Underwriting b) Undertaking
c) Underpinning d) Outstanding
e) None of the above
24. Loans of very small given to low income group is called?
a) Cash Credit b) No Frill Credit
c) Micro Credit d) Small Credit
e) Rural Credit
25. Mahila Kisan Sashaktikaran Pariyojana, under NRLM (Na-tional Rural Livelihood Miss-ion) is targeting towards:
a) Women farmers b) SHGs
c) Joint Liability Groups
d) Women Enterpreneurs
e) None of the above
26. Increase in the Net RBI credit for central government represents?
a) Revenue Deficit
b) Fiscal Deficit
c) Budgetary Deficit
d) Monetized Deficit
e) None of these
27. As per the prevailing norms, banks declare an account ino-perative if it is not used for what period?
a) Six months b) One year
c) Two years d) Five years
e) None of these
28. Issuing of Credit Cards is a component of ?
a) Rural Banking
b) Micro Finance
c) Retail Banking
d) Corporate Banking
e) None of these
29. In which circumstance Dear money policy will be adopted by RBI?
a) Time deposit b) Inflation
c) Treasury Bills d) All the above
e) None of these
30. Which of the following rate decided by the RBI is called "Policy rate"?
a) Deposit Rate b) Base Rate
c) Lending Rate
d) Exchange Rate e) None
31. Doha Bank has been granted license to commence banking operations in India for one of the Private Banks based in?
a) Kuwait b) Iran c) Bahrain
d) Qatar e) None of these
32. Which of the following is the essential feature of a genuine Currency Note?
a) The issuing authority name should be printed on it
b) The promise clause should be printed
c) The guarantee clause should be there
d) All the above e) None
ANSWERS:
1. b 2. a 3. b 4. b 5. a 6. a 7. c 8. a 9. c 10. e
11. e 12. e 13. a 14. a 15. c 16. d 17. b 18. d 19. b 20. c
21. e 22. e 23. c 24. c 25. a 26. d 27. c 28. c 29. b 30. b
31. d 32. d
