1. Concept of "Service Area Approach" is now applicable only for:
a) Crop Loans
b) SHGs
c) Government Sponsored Schemes
d) NABARD refinance schemes
e) None of these
2. The rate at which banks can barrow from the central bank at an elevated rate against govt. securities during the time of tight cash is termed as ___
a) bank rate
b) base rate
c) marginal standing facility
d) repo rate
e) reserve repo rate
3. External Commercial Borrowings (ECBs) are part of?
a) Current Account
b) Capital Account
c) Balance of Payment
d) Either a or b
e) None of these
4. Which of the following term is used in the field of banking and finance?
a) Refurbished
b) Collateral
c) Corridor
d) Quintessential
e) None of these
5. The central Government has taken some significant steps to revitalize RRBs. One of the following is not such a step?
a) Made SARFAESI Act applicable to RRBs
b) Emitted RRBs for Branch Expansions
c) RRBs can undertake Insurance Business
d) Permitted RRBs to accept NRI Deposits
e) None of these
6. Government of India re-appointed Shri Harun Rashid Khan as the Deputy Governor of the Reserve Bank of India, for a further period of:
a) One year with effect from 4 July 2014 or until further orders
b) Three years with effect from 4 July 2014 or until further orders
c) Six months with effect from 4 July 2014 or until further orders
d) Two years with effect from 4 July 2014 or until further orders
e) None of these
7. KYC guidelines are framed on the basis of four core components. Which of the following is
not a core component?
a) Customer Acceptance Procedure
b) Monitoring of Transactions
c) Customer Identification procedure
d) Risk Management
e) Management of Operational Risk
8. Whose approval is required for appointment of a foreign exchange dealer by a bank?
a) RBI
b) IBA
c) The Ministry of finance
d) Discretion of the bank
e) None of the above
9. The Currency of LAOS is?
a) Rigo
b) Krona
c) Kip
d) Kyat
e) None of these
10. Bharathiya Mahila Bank first branch in Madhya Pradesh was inaugurated in Indore by the Additional Secretary Finance, Government of India. Identify him/her.
a) B P Joshi
b) Anitha Subramanyan
c) Snehlata Srivastava
d) Shikha Singh
e) None of these
11. Which one of the following is not an authorized means of banking transactions for the people in India?
a) Mobile
b) Online
c) Phone
d) Visiting Individually
e) Video Conferencing
12. What is the limit for foreign direct investment (FDI) for investment in the equity of private banks in India?
a) 25 percent
b) 49 percent
c) 51 percent
d) 74 percent
e) None of these
13. As per the RBI norms, bank's direct exposure to the capital market should not exceed ____
of the net worth of the bank.
a) 10 percent
b) 20 percent
c) 30 percent
d) 40 percent
e) None of these
14. Capitalization of Reserves is carried out by issue of _____ to the existing shareholders
a) additional shares
b) bonus shares
c) incentives
d) Both a and c
e) None of these
15. Which of the following measures is/ are being taken to ensure Financial Inclusion in India?
a) Initiation no - frills account
b) Providing banking service at doorstep through business correspondents
c) Electronic Benefits Transfer (EBT)
d) All of the above
e) None of the above
16. Which of the following in NOT a regularity authority in India?
a) SEBI
b) IRDA
c) SIDBI
d) RBI
e) None of these
17. The headquarters of the National Bank for Agriculture and Rural Development (NABARD) is
located in ____
a) Delhi
b) Mumbai
c) Ahmadabad
d) Hyderabad
e) None of these
18. Which of the following is a banking related term?
a) Creditor (Lender)
b) Base Rate (will be fixed by banks)
c) Cash credit (a running loan account sanctioned to a borrower
d) Dishonor (Cheque bouncing for any reason)
e) All of the above
19. When a bank finances international business, it is called ____
a) Retail banking
b) Core banking
c) Trade finance
d) Micro finance
e) None of these
20. Banks provide which of the following products to make instant loan facility available to the farmers?
a) Kisan Credit Card
b) Crop Loan Scheme
c) Krishi Bima Yojana
d) All of the above
e) None of the above
21. The Act enacted to help the government in managing its budgeted finance and fiscal deficit is called ____
a) Banking Regulation Act
b) Negotiable Instrument Act
c) Fiscal Responsibility and Budget Management Act
d) Foreign Exchange Management Act
e) Competition Act
22. Government and the RBI are making all efforts to extend banking facilities to all the villages in the country through which of the following programmes?
a) PURA
b) Pradhan Mantri Swaojgar Yojna
c) Pradhan Mantri Aadarsh Gram Yojna
d) Financial Inclusion
e) None of these
23. NAV (Net Asset Value) is a term generally associated with ____
a) Banks
b) Mutual Funds
c) Credit Societies
d) Merchant Bankers
e) None of these
24. Which of the following is not a private bank functioning in India?
a) HDFC Bank
b) ICICI Bank
c) Yes Bank
d) IDBI Bank
e) None of these
25. Authorized Dealers for foreign transactions are appointed by:
a) Reserve Bank of India
b) Government of India
c) Individual Banks
d) FEDAI
e) None of these
26. What is/are the reason(s) for some banks for opening their subsidiaries?
1. Home loan business
2. To sell insurance policies
3. To control online operation or Internet banking business
Choose the correct answer.
a) Only (1)
b) Only (2)
c) Only (3)
d) All of the above
e) None of the above
27. Which of the following organisations maintains the Rural Infrastructure Development Fund (RIDF) in India?
a) RBI
b) NABARD
c) SIDBI
d) LIC
e) None of these
28. Off shore Banking Unit is a ___
a) unit which is situated in Foreign Country
b) unit which is situated in Special Economic Zone and deals in foreign currency only
c) unit which is actively participating in lending foreign currency loans and in joint ventures
d) All of the above
e) None of the above
29. Teaser Rates are related to which
of the following types of loans?
a) Home loans
b) Personal loans
c) Auto loans
d) Reserve mortgage loans
e) Crop loans
30. Remittance under the Guarantee Bond Scheme can be accepted from:
a) Only Associated Banks
b) Only Nationalized Banks
c) Only Foreign Banks
d) All Scheduled Banks and Cooperative Banks
e) None of the above
ANSWERS:
1) c 2) c 3) b 4) c 5) c 6) d 7) e 8) a 9) c 10) c
11) e 12) d 13) b 14) b 15) d 16) c 17) b 18) e 19) c 20) a
21) c 22) d 23) b 24) d 25) a 26) d 27) b 28) b 29) a 30) d
a) Crop Loans
b) SHGs
c) Government Sponsored Schemes
d) NABARD refinance schemes
e) None of these
2. The rate at which banks can barrow from the central bank at an elevated rate against govt. securities during the time of tight cash is termed as ___
a) bank rate
b) base rate
c) marginal standing facility
d) repo rate
e) reserve repo rate
3. External Commercial Borrowings (ECBs) are part of?
a) Current Account
b) Capital Account
c) Balance of Payment
d) Either a or b
e) None of these
4. Which of the following term is used in the field of banking and finance?
a) Refurbished
b) Collateral
c) Corridor
d) Quintessential
e) None of these
5. The central Government has taken some significant steps to revitalize RRBs. One of the following is not such a step?
a) Made SARFAESI Act applicable to RRBs
b) Emitted RRBs for Branch Expansions
c) RRBs can undertake Insurance Business
d) Permitted RRBs to accept NRI Deposits
e) None of these
6. Government of India re-appointed Shri Harun Rashid Khan as the Deputy Governor of the Reserve Bank of India, for a further period of:
a) One year with effect from 4 July 2014 or until further orders
b) Three years with effect from 4 July 2014 or until further orders
c) Six months with effect from 4 July 2014 or until further orders
d) Two years with effect from 4 July 2014 or until further orders
e) None of these
7. KYC guidelines are framed on the basis of four core components. Which of the following is
not a core component?
a) Customer Acceptance Procedure
b) Monitoring of Transactions
c) Customer Identification procedure
d) Risk Management
e) Management of Operational Risk
8. Whose approval is required for appointment of a foreign exchange dealer by a bank?
a) RBI
b) IBA
c) The Ministry of finance
d) Discretion of the bank
e) None of the above
9. The Currency of LAOS is?
a) Rigo
b) Krona
c) Kip
d) Kyat
e) None of these
10. Bharathiya Mahila Bank first branch in Madhya Pradesh was inaugurated in Indore by the Additional Secretary Finance, Government of India. Identify him/her.
a) B P Joshi
b) Anitha Subramanyan
c) Snehlata Srivastava
d) Shikha Singh
e) None of these
11. Which one of the following is not an authorized means of banking transactions for the people in India?
a) Mobile
b) Online
c) Phone
d) Visiting Individually
e) Video Conferencing
12. What is the limit for foreign direct investment (FDI) for investment in the equity of private banks in India?
a) 25 percent
b) 49 percent
c) 51 percent
d) 74 percent
e) None of these
13. As per the RBI norms, bank's direct exposure to the capital market should not exceed ____
of the net worth of the bank.
a) 10 percent
b) 20 percent
c) 30 percent
d) 40 percent
e) None of these
14. Capitalization of Reserves is carried out by issue of _____ to the existing shareholders
a) additional shares
b) bonus shares
c) incentives
d) Both a and c
e) None of these
15. Which of the following measures is/ are being taken to ensure Financial Inclusion in India?
a) Initiation no - frills account
b) Providing banking service at doorstep through business correspondents
c) Electronic Benefits Transfer (EBT)
d) All of the above
e) None of the above
16. Which of the following in NOT a regularity authority in India?
a) SEBI
b) IRDA
c) SIDBI
d) RBI
e) None of these
17. The headquarters of the National Bank for Agriculture and Rural Development (NABARD) is
located in ____
a) Delhi
b) Mumbai
c) Ahmadabad
d) Hyderabad
e) None of these
18. Which of the following is a banking related term?
a) Creditor (Lender)
b) Base Rate (will be fixed by banks)
c) Cash credit (a running loan account sanctioned to a borrower
d) Dishonor (Cheque bouncing for any reason)
e) All of the above
19. When a bank finances international business, it is called ____
a) Retail banking
b) Core banking
c) Trade finance
d) Micro finance
e) None of these
20. Banks provide which of the following products to make instant loan facility available to the farmers?
a) Kisan Credit Card
b) Crop Loan Scheme
c) Krishi Bima Yojana
d) All of the above
e) None of the above
21. The Act enacted to help the government in managing its budgeted finance and fiscal deficit is called ____
a) Banking Regulation Act
b) Negotiable Instrument Act
c) Fiscal Responsibility and Budget Management Act
d) Foreign Exchange Management Act
e) Competition Act
22. Government and the RBI are making all efforts to extend banking facilities to all the villages in the country through which of the following programmes?
a) PURA
b) Pradhan Mantri Swaojgar Yojna
c) Pradhan Mantri Aadarsh Gram Yojna
d) Financial Inclusion
e) None of these
23. NAV (Net Asset Value) is a term generally associated with ____
a) Banks
b) Mutual Funds
c) Credit Societies
d) Merchant Bankers
e) None of these
24. Which of the following is not a private bank functioning in India?
a) HDFC Bank
b) ICICI Bank
c) Yes Bank
d) IDBI Bank
e) None of these
25. Authorized Dealers for foreign transactions are appointed by:
a) Reserve Bank of India
b) Government of India
c) Individual Banks
d) FEDAI
e) None of these
26. What is/are the reason(s) for some banks for opening their subsidiaries?
1. Home loan business
2. To sell insurance policies
3. To control online operation or Internet banking business
Choose the correct answer.
a) Only (1)
b) Only (2)
c) Only (3)
d) All of the above
e) None of the above
27. Which of the following organisations maintains the Rural Infrastructure Development Fund (RIDF) in India?
a) RBI
b) NABARD
c) SIDBI
d) LIC
e) None of these
28. Off shore Banking Unit is a ___
a) unit which is situated in Foreign Country
b) unit which is situated in Special Economic Zone and deals in foreign currency only
c) unit which is actively participating in lending foreign currency loans and in joint ventures
d) All of the above
e) None of the above
29. Teaser Rates are related to which
of the following types of loans?
a) Home loans
b) Personal loans
c) Auto loans
d) Reserve mortgage loans
e) Crop loans
30. Remittance under the Guarantee Bond Scheme can be accepted from:
a) Only Associated Banks
b) Only Nationalized Banks
c) Only Foreign Banks
d) All Scheduled Banks and Cooperative Banks
e) None of the above
ANSWERS:
1) c 2) c 3) b 4) c 5) c 6) d 7) e 8) a 9) c 10) c
11) e 12) d 13) b 14) b 15) d 16) c 17) b 18) e 19) c 20) a
21) c 22) d 23) b 24) d 25) a 26) d 27) b 28) b 29) a 30) d
