1. Expand the term CTS.
1) Cheque Tracking System
2) Cheque Transfer System
3) Cheque Timing System
4) Cheque Total System
5) Cheque Truncation System
2. Which of the following statements wrong regarding the Cheque Truncation System (CTS)?
1) CTS stops the flow of physical cheques issued by Drawer.
2) Generally truncation takes place at the collecting branch, which sends the electronic image of the cheques to the paying branch through the clearing house.
3) CTS slow down the process of collection of cheques resulting the bad service to customers.
4) In this system, electronic image of the cheque is transmitted.
5) Clearing related frauds and cost of collection are reduced
3. The advantage of CTS is....
1) No geographical restrictions as to jurisdiction
2) Shorter clearing cycle
3) Superior verification and reconciliation process
4) Reduction in operational risk and risks associated with paper clearing
5) All of above
4. CTS-2010 (Cheque Truncation System) form of cheques stress the need of .....
1) Fashion in designing
2) Uniform in size
3) Uniform security features
4) Same number of cheque
5) Same number of cheque leaves
5. The uniform security features in CTS - 2010 include......
1) Water Mark
2) Bank's logo in invisible ink
3) Void pantograph
4) Quality paper
5) All of above
6. Who among the following is not the director of the Central Board of the Reserve Bank of
India?
1) Dr. Raghuram Rajan
2) Urjit Patel
3) P. Chidambaram
4) Dr. Indira Rajaraman
5) Arvind Mayaram
7. On 20 March 2014, RBI has proposed to setup of a Trade Receivables and Credit Exchange for financing (TCE) to finance.....
1) Exporters of Iron
2) Importers of Gold
3) Foreign Exchange Dealers
4) Bankers and Pawn Brokers
5) Micro, Small and Medium Enterprises (MSMEs)
8. RBI has extended the date for exchanging pre-2005 bank notes and has advised banks to facilitate the exchange of these notes for full value and without causing any inconvenience to the public. Now exchange will be available till ......
1) 31 Jul 2014
2) 30 Sep 2014
3) 1 Jan 2015
4) 31 Jan 2015
5) 31 Mar 2015
9. How many banks can participate to facilitate
a consortium advance?
1) Two
2) Three
3) Four
4) Five
5) Any number
10. Which of the following is a leading electronic payment technology firm?
1) Nifty
2) I-Max
3) Visa
4) APEC
5) LIEN
11. Which of the following private sector lenders introduced its own card 'Kisan Card' through which a farmer can withdraw up to Rs. 1 lakh per day from ATMs?
1) HDFC
2) ICICI
3) Axis Bank
4) Federal Bank
5) Indus Ind Bank
12. On 1 April 2014, Asian Development Bank (ADB) estimated India's GDP is poised to
accelerate at what per cent in 2014-15?
1) 6.5%
2) 4.5 %
3) 5.9 %
4) 7.0 %
5) 5.5%
13. In view of Public Sector Banks deteriorating asset quality and rating downgrades, the RBI has recommended the Centre to reduce its holdings in these banks. Under the Banking Regulation Act, the government has to hold at least ......... stake in public sector banks.
1) 26%
2) 49%
3) 74%
4)51%
5) 100 %
14. Reserve Bank of India (RBI) has capped the Ways and Means Advances (WMA) limit for the central govt in the first half of the new financial year 2015 at.....
1) Rs.25,000 cr
2) Rs.30,000 cr
3) Rs.35,000 cr
4) Rs.40,000 cr
5) Rs.45,000 cr
15. The Planning Commission was established in ......
1) 1956
2)1935
3)1982
4) 1969
5) 1950
16. Planning Commission Deputy Chairman is Montek Singh Ahluwalia. Who is the present
secretary of Planning Commission?
1) Sindhushree Khullar
2) Sudha Pillai
3) Usha Anatha Subramanian
4) Mrs. Poonam Malakondiah
5) None
17. As per the estimates of Planning Commission, the number of persons living below the poverty line in the country has declined from 40.74 crore in 2004-05 to ...... in 2011-12.
1) 27 crore
2) 32 crore
3) 37 crore
4) 38 crore
5) 39 crore
18. The recent estimates of the Planning Commission say which of the following states had the highest number of poor people (5.98 crore) living below the poverty line in 2011-12?
1) West Bengal
2) Maharashtra
3) Madhya Pradesh
4) Bihar
5) Uttar Pradesh
19. Union Minister for of State for Planning and Parliamentary Affairs Rajeev Shukla said , planning Commission estimates poverty line on the basis of .......
1) Monthly Per Capita Consumption Expenditure (MPCE)
2) Monthly Per Capita Income (MPCI)
3) Yearly Income of Individual
4) Average Expenditure of Months (AEM)
5) None
20. Which Committee recommended MPCE of Rs. 447 for rural areas and Rs. 579 for urban areas as the poverty line for 2004-05, accepted by Planning Commission?
1) Kelkar
2) Abhijith Sen
3) Suresh Tendulkar
4) Amartya Sen
5) None
21. For 2011-12, the MPCE was at Rs 816 in rural and Rs........ in urban areas, fixed by Planning Commission.
1) 1000
2) 850
3) 950
4) 1200
5) 2000
22. Planning Commission in June 2012, constituted an expert group under the chairmanship
of whom ........ to review the methodology for measurement of poverty.
1) C. Rangarajan
2) Montek Singh Ahluwalia
3) Chaturvedi
4) Manmohan Singh
5) Divya Swamy
23. The President conferred Padma awards recently on eminent personalities from different fields. Who among the following has been conferred the Padma Vibhushan, the second highest civilian award this year?
1) Anumolu Ramakrishna (Posthumously)
2) Jawahar Lal Kaul
3) Sudarshan Pattnaik
4) P Gopichand
5) RA Mashelkar
24. Who among the following is the winner of the best actor Oscar in the 86th Academy
awards?
1) Jared Leto
2) Leonardo DiCaprio
3) Matthew McConaughey
4) Woody Harrelson
5) None of above
25. Who among the following has been conferred Green Crusader of the Year Award at the prestigious IAA Olive Crown Awards recently?
1) Prasoon Joshi
2) Shashi Tharoor
3) Maneka Gandhi
4) Medha Patkar
5) None of above
26. 3rd Nuclear Security Summit held between 24-25 March 2014 held at ........
1) Rome
2) Tokyo
3) The Hague
4) Berlin
5) Washington
27. Which of the following countries will host the 18th SAARC Summit on 14th Nov 2014?
1) Maldives
2) Sri Lanka
3) Nepal
4) Pakistan
5) Bhutan
28. China has allowed direct domestic trading of its currency Yuan against the currency of which of the following countries on 18 March 2014 to encourage such trading as it internationalizes the Chinese currency?
1) Japan
2) South Korea
3) New Zealand
4) USA
5) None of above
29. Who among the following became the national ambassador of the Earth Hour 2014 that was observed on 29 Mar at 8.30 pm? Earth Hour is an annual global event at which hundreds of millions of households, businesses and govts around the world turn off their lights for one hour.
1) Ranveer Singh
2) Ranbir Kapoor
3) Arjun Kapoor
4) Salman Khan
5) Irfan Khan
30. World Health Day is observed on:
1) 2 Apr
2) 4 Apr
3) 7 Apr
4) 8 Apr
5) 12 Apr
31. On World Health Day 7 April 2014, WHO highlighted the serious and increasing threat of vector-borne diseases (VBDs), with the slogan .......
1) Let Vectors die
2) Small life, big threat
3) Free world from Vectors
4) Say no to Vectors
5) Small bite, big threat
32. Financial guarantees and performance guarantees issued by banks on behalf of their clients is called?
1) Bank Guarantee
2) Bank Undertaking
3) Bank Insurance
4) Bank Avoidance
5) Bank Notice
33. Credit instrument that originates from the creditor (drawer) on which the debtor (drawee) acknowledges his Liability is called?
1) Bill of Lading
2) Bank Guarantee
3) Bill of Exchange
4) Bank Promissory Note
5) Payment Receipt
34. Who became the new chairman of industry body CII (Confederation of Indian Industries)?
1) S.Chandrasekaran
2) Rana Kapoor
3) Ajay Shriram
4) Nandan Nilekani
5) Ratan TATA
35. Jens Stoltenberg will take over as new chief of the 28-nation military alliance NATO in Oct 2014. He is the former prime minister of which of the following countries?
1) Denmark
2) Belgium
3) Croatia
4) Bulgaria
5) Norway
36. IUCN is an international union associated with which of the following?
1) Cure and Neutralisation
2) Consumption of Nutrients
3) Countries with Nuclear power
4) Conservation of Nature
5) None of above
37. On 9 April 2014, which Indian cricketer was named as one of the five cricketers of 2014 for his performance in 2013 by WISDEN?
1) Virat Kohli
2) Dhoni
3) Rohit Sharma
4) Ravichandran Ashwin
5) Shikhar Dhawan
38. Deodhar Trophy is associated with which of the following games?
1) Football
2) Hockey
3) Basketball
4) Cricket
5) None of above
39. Who is the winner of Deodhar Trophy 2014 ...........
1) East Zone
2) North Zone
3) West Zone
4) Central Zone
5) South Zone
40. TROPEX drill recently conducted by....
1) Indian Army
2) CRPF
3) BSF
4) US Army on Indian soil
5) Indian Navy
41. The National Voters' Day is celebrated every year on which of the following dates in India?
1) 21 Jan
2) 22 Jan
3) 23 Jan
4) 24 Jan
5) 25 Jan
42. As per the data available with SEBI, the Foreign Institutional Investors (FIIs) have made net inflows of a staggering nearly .......... in the Indian stocks during fiscal
year 2013-14.
1) Rs.80,000 cr
2) Rs.70,000 cr
3) Rs.60,000 cr
4) Rs.90,000 cr
5) Rs.1,00,000 cr
ANSWERS:
1-5, 2-3, 3-5, 4-3, 5-5, 6-3, 7-5, 8-3, 9-5, 10-3
11-3, 12-5, 13-4, 14-3, 15-5, 16-1, 17-1, 18-5, 19-1, 20-3
21-1, 22-1, 23-5, 24-3, 25-3, 26-3, 27-3, 28-3, 29-3, 30-3
31-5, 32-1, 33-3, 34-3, 35-5, 36-4, 37-5, 38-4, 39-3, 40-5, 41-5, 42-1.
1) Cheque Tracking System
2) Cheque Transfer System
3) Cheque Timing System
4) Cheque Total System
5) Cheque Truncation System
2. Which of the following statements wrong regarding the Cheque Truncation System (CTS)?
1) CTS stops the flow of physical cheques issued by Drawer.
2) Generally truncation takes place at the collecting branch, which sends the electronic image of the cheques to the paying branch through the clearing house.
3) CTS slow down the process of collection of cheques resulting the bad service to customers.
4) In this system, electronic image of the cheque is transmitted.
5) Clearing related frauds and cost of collection are reduced
3. The advantage of CTS is....
1) No geographical restrictions as to jurisdiction
2) Shorter clearing cycle
3) Superior verification and reconciliation process
4) Reduction in operational risk and risks associated with paper clearing
5) All of above
4. CTS-2010 (Cheque Truncation System) form of cheques stress the need of .....
1) Fashion in designing
2) Uniform in size
3) Uniform security features
4) Same number of cheque
5) Same number of cheque leaves
5. The uniform security features in CTS - 2010 include......
1) Water Mark
2) Bank's logo in invisible ink
3) Void pantograph
4) Quality paper
5) All of above
6. Who among the following is not the director of the Central Board of the Reserve Bank of
India?
1) Dr. Raghuram Rajan
2) Urjit Patel
3) P. Chidambaram
4) Dr. Indira Rajaraman
5) Arvind Mayaram
7. On 20 March 2014, RBI has proposed to setup of a Trade Receivables and Credit Exchange for financing (TCE) to finance.....
1) Exporters of Iron
2) Importers of Gold
3) Foreign Exchange Dealers
4) Bankers and Pawn Brokers
5) Micro, Small and Medium Enterprises (MSMEs)
8. RBI has extended the date for exchanging pre-2005 bank notes and has advised banks to facilitate the exchange of these notes for full value and without causing any inconvenience to the public. Now exchange will be available till ......
1) 31 Jul 2014
2) 30 Sep 2014
3) 1 Jan 2015
4) 31 Jan 2015
5) 31 Mar 2015
9. How many banks can participate to facilitate
a consortium advance?
1) Two
2) Three
3) Four
4) Five
5) Any number
10. Which of the following is a leading electronic payment technology firm?
1) Nifty
2) I-Max
3) Visa
4) APEC
5) LIEN
11. Which of the following private sector lenders introduced its own card 'Kisan Card' through which a farmer can withdraw up to Rs. 1 lakh per day from ATMs?
1) HDFC
2) ICICI
3) Axis Bank
4) Federal Bank
5) Indus Ind Bank
12. On 1 April 2014, Asian Development Bank (ADB) estimated India's GDP is poised to
accelerate at what per cent in 2014-15?
1) 6.5%
2) 4.5 %
3) 5.9 %
4) 7.0 %
5) 5.5%
13. In view of Public Sector Banks deteriorating asset quality and rating downgrades, the RBI has recommended the Centre to reduce its holdings in these banks. Under the Banking Regulation Act, the government has to hold at least ......... stake in public sector banks.
1) 26%
2) 49%
3) 74%
4)51%
5) 100 %
14. Reserve Bank of India (RBI) has capped the Ways and Means Advances (WMA) limit for the central govt in the first half of the new financial year 2015 at.....
1) Rs.25,000 cr
2) Rs.30,000 cr
3) Rs.35,000 cr
4) Rs.40,000 cr
5) Rs.45,000 cr
15. The Planning Commission was established in ......
1) 1956
2)1935
3)1982
4) 1969
5) 1950
16. Planning Commission Deputy Chairman is Montek Singh Ahluwalia. Who is the present
secretary of Planning Commission?
1) Sindhushree Khullar
2) Sudha Pillai
3) Usha Anatha Subramanian
4) Mrs. Poonam Malakondiah
5) None
17. As per the estimates of Planning Commission, the number of persons living below the poverty line in the country has declined from 40.74 crore in 2004-05 to ...... in 2011-12.
1) 27 crore
2) 32 crore
3) 37 crore
4) 38 crore
5) 39 crore
18. The recent estimates of the Planning Commission say which of the following states had the highest number of poor people (5.98 crore) living below the poverty line in 2011-12?
1) West Bengal
2) Maharashtra
3) Madhya Pradesh
4) Bihar
5) Uttar Pradesh
19. Union Minister for of State for Planning and Parliamentary Affairs Rajeev Shukla said , planning Commission estimates poverty line on the basis of .......
1) Monthly Per Capita Consumption Expenditure (MPCE)
2) Monthly Per Capita Income (MPCI)
3) Yearly Income of Individual
4) Average Expenditure of Months (AEM)
5) None
20. Which Committee recommended MPCE of Rs. 447 for rural areas and Rs. 579 for urban areas as the poverty line for 2004-05, accepted by Planning Commission?
1) Kelkar
2) Abhijith Sen
3) Suresh Tendulkar
4) Amartya Sen
5) None
21. For 2011-12, the MPCE was at Rs 816 in rural and Rs........ in urban areas, fixed by Planning Commission.
1) 1000
2) 850
3) 950
4) 1200
5) 2000
22. Planning Commission in June 2012, constituted an expert group under the chairmanship
of whom ........ to review the methodology for measurement of poverty.
1) C. Rangarajan
2) Montek Singh Ahluwalia
3) Chaturvedi
4) Manmohan Singh
5) Divya Swamy
23. The President conferred Padma awards recently on eminent personalities from different fields. Who among the following has been conferred the Padma Vibhushan, the second highest civilian award this year?
1) Anumolu Ramakrishna (Posthumously)
2) Jawahar Lal Kaul
3) Sudarshan Pattnaik
4) P Gopichand
5) RA Mashelkar
24. Who among the following is the winner of the best actor Oscar in the 86th Academy
awards?
1) Jared Leto
2) Leonardo DiCaprio
3) Matthew McConaughey
4) Woody Harrelson
5) None of above
25. Who among the following has been conferred Green Crusader of the Year Award at the prestigious IAA Olive Crown Awards recently?
1) Prasoon Joshi
2) Shashi Tharoor
3) Maneka Gandhi
4) Medha Patkar
5) None of above
26. 3rd Nuclear Security Summit held between 24-25 March 2014 held at ........
1) Rome
2) Tokyo
3) The Hague
4) Berlin
5) Washington
27. Which of the following countries will host the 18th SAARC Summit on 14th Nov 2014?
1) Maldives
2) Sri Lanka
3) Nepal
4) Pakistan
5) Bhutan
28. China has allowed direct domestic trading of its currency Yuan against the currency of which of the following countries on 18 March 2014 to encourage such trading as it internationalizes the Chinese currency?
1) Japan
2) South Korea
3) New Zealand
4) USA
5) None of above
29. Who among the following became the national ambassador of the Earth Hour 2014 that was observed on 29 Mar at 8.30 pm? Earth Hour is an annual global event at which hundreds of millions of households, businesses and govts around the world turn off their lights for one hour.
1) Ranveer Singh
2) Ranbir Kapoor
3) Arjun Kapoor
4) Salman Khan
5) Irfan Khan
30. World Health Day is observed on:
1) 2 Apr
2) 4 Apr
3) 7 Apr
4) 8 Apr
5) 12 Apr
31. On World Health Day 7 April 2014, WHO highlighted the serious and increasing threat of vector-borne diseases (VBDs), with the slogan .......
1) Let Vectors die
2) Small life, big threat
3) Free world from Vectors
4) Say no to Vectors
5) Small bite, big threat
32. Financial guarantees and performance guarantees issued by banks on behalf of their clients is called?
1) Bank Guarantee
2) Bank Undertaking
3) Bank Insurance
4) Bank Avoidance
5) Bank Notice
33. Credit instrument that originates from the creditor (drawer) on which the debtor (drawee) acknowledges his Liability is called?
1) Bill of Lading
2) Bank Guarantee
3) Bill of Exchange
4) Bank Promissory Note
5) Payment Receipt
34. Who became the new chairman of industry body CII (Confederation of Indian Industries)?
1) S.Chandrasekaran
2) Rana Kapoor
3) Ajay Shriram
4) Nandan Nilekani
5) Ratan TATA
35. Jens Stoltenberg will take over as new chief of the 28-nation military alliance NATO in Oct 2014. He is the former prime minister of which of the following countries?
1) Denmark
2) Belgium
3) Croatia
4) Bulgaria
5) Norway
36. IUCN is an international union associated with which of the following?
1) Cure and Neutralisation
2) Consumption of Nutrients
3) Countries with Nuclear power
4) Conservation of Nature
5) None of above
37. On 9 April 2014, which Indian cricketer was named as one of the five cricketers of 2014 for his performance in 2013 by WISDEN?
1) Virat Kohli
2) Dhoni
3) Rohit Sharma
4) Ravichandran Ashwin
5) Shikhar Dhawan
38. Deodhar Trophy is associated with which of the following games?
1) Football
2) Hockey
3) Basketball
4) Cricket
5) None of above
39. Who is the winner of Deodhar Trophy 2014 ...........
1) East Zone
2) North Zone
3) West Zone
4) Central Zone
5) South Zone
40. TROPEX drill recently conducted by....
1) Indian Army
2) CRPF
3) BSF
4) US Army on Indian soil
5) Indian Navy
41. The National Voters' Day is celebrated every year on which of the following dates in India?
1) 21 Jan
2) 22 Jan
3) 23 Jan
4) 24 Jan
5) 25 Jan
42. As per the data available with SEBI, the Foreign Institutional Investors (FIIs) have made net inflows of a staggering nearly .......... in the Indian stocks during fiscal
year 2013-14.
1) Rs.80,000 cr
2) Rs.70,000 cr
3) Rs.60,000 cr
4) Rs.90,000 cr
5) Rs.1,00,000 cr
ANSWERS:
1-5, 2-3, 3-5, 4-3, 5-5, 6-3, 7-5, 8-3, 9-5, 10-3
11-3, 12-5, 13-4, 14-3, 15-5, 16-1, 17-1, 18-5, 19-1, 20-3
21-1, 22-1, 23-5, 24-3, 25-3, 26-3, 27-3, 28-3, 29-3, 30-3
31-5, 32-1, 33-3, 34-3, 35-5, 36-4, 37-5, 38-4, 39-3, 40-5, 41-5, 42-1.
