1. Which of the following statements is incorrect in respect of banking sector, as per the decision taken in Parliament recently?
a) The RBI will create framework for licences of small banks
b) Every panchayat to have at least one small bank by 2019
c) Banks to be permitted to raise long - term funds to lend to infrastructure with minimum regulations
d) Public sector banks need 2.40 lakh cr enquiries to conform to Basel -III norms by 2018
e) Banks capital to be raised through retail sale of shares while the Govt. to continue to hold majority in PSU banks
2. Which of the following Public Sector under takings are conferred the Navratna status by Department of Public Enterprises?
a) Engineers India Limited (EIL)
b) National Building Construction corporation Limited (NBCC)
c) Antrix corporation Limited
d) All of the above
e) Only a and b
3. Which of the following banks has become the biggest employer in the private banking space with
more than 72,000 employees in 2013-14?
a) ICICI Bank
b) HDFC
c) Kotak Mahindra Bank
d) Axis Bank
e) None of these
4. CRR for non- scheduled urban co-operative banks (UCBs) increased to what percent of their
total demanded and time liabilities recently?
a) 3 percent
b) 4 percent
c) 4.5 percent
d) 4.75 percent
e) None of these
5. Punjab National Bank has launched ____ scheme for popularization of education among
girls of Rural/ Semi urban areas.
a) PNB -EDUCHILD
b) PNB - SHIKSHA
c) BALIKA - SHIKSHA
d) 'PNB Ladli'
e) None of these
6. The RBI started issuing its credit policy bi-monthly on the recommendation of which of the following committees?
a) Shome committee
b) Urjit patel committee
c) HR Khan committee
d) KC Chakra arty
e) None of these
7. The operation of the following entities do not come under the purview of the RBI as of now,
despite accepting deposits and giving loans?
a) Regional Rural banks
b) Cooperative credit societies
c) Payments banks
d) Non - Banking Financial companies
e) Development banks
8. With respect to loans, a time period during the loan term when the borrower is not required to make any repayment, is termed as
a) Provisioning
b) Moratorium
c) Sanction
d) Limitation
e) Probation
9. What is the initial minimum deposit required for opening a Basic Saving bank Deposit
Account (BSBDA) with a bank?
a) 200
b) 500
c) 700
d)1000
e) No initial deposit required
10. Which country agreed to provide a one- billion - Euro credit line to India over the next three years?
a) UK
b) Germany
c) Switzerland
d) France
e) None of these
11. ARM loan means:
a) Adjustable Rate Mortgage loan
b) Adjustable Reverse Mortgage loan
c) Adjustable Retail Mortgage loan
d) None of the above
e) Any of the above
12. Which of following agencies/ organization in India maintains the Micro finance development fund?
a) SIDBI
b) SBI
c) NABARD
d) PNB
e) ICICI
13. RBI in regard to RTGS has decided that ___
a) RTGS would be accessible to all retail customers
b) There would be no floor ceiling for routing transactions through RTGS
c) Settlement of transactions of the clearing corporation of India and the stock market would be conducted through RTGS
d) All of these
e) None of these
14. As per KYC Policy, the list of terrorist organizations is supplied to the bank by the
a) Government of India
b) CIBIL
c) IBA
d) RBI
e) All of these
15. Merchant banking in India is governed by ___
a) SEBI
b) RBI
c) IRDA
d) Ministry of finance
e) None of the above
16. If you wish to purchase US dollars to travel abroad, you will approach ___
a) Ministry of finance
b) US embassy
c) Any bank branch authorized for such activity
d) RBI
e) External affairs ministry.
17. Insurance service provided by various banks is commonly known as ___
a) Investment banking
b) Portfolio management
c) Merchant banking
d) Banc assurance
e) None of these
18. Open market operations of RBI refer to buying and selling of ___
a) Commercial bills
b) Foreign exchange
c) Gold
d) Government bonds
e) None of these
19. The functions of the lead bank are performed by ___
a) SBI
b) RBI
c) Any bank
d) A bank designed for this purpose
e) None of these
20. The head office of the Punjab National Bank (PNB) is located in which of the following cities?
a) Mumbai
b) Amritsar
c) New Delhi
d) Chandigarh
e) None o f these
21. Which of the following terms is NOT used in banking/ finance?
a) Public Debt
b) Plasma
c) Joint venture
d) Net demand and time liability
e) Treasury bill
22. The Reserve Bank of India does NOT decide the ___
a) Rate of Repo and Reserve Repo
b) Marginal standing Facility Rates
c) Bank Rate
d) Rate of Dearness Allowance for Government Employees
e) Statutory Liquidity Ratio
23. Which of the following Mills have got Rs.14000 Cr interest free loans so far, as against Rs.
6000 Cr approved by central Government?
a) Cash Starved Sugar Mills
b) Sick Units of SME
c) DBR Cotton Mills
d) Suraj Cotton Mills
e) Cash Starved Oil Mills
24. What is the amount of Accident Insurance Cover provided under Jan Dhan Yojana recently launched by the Prime Minister?
a) Rs 1,00,000/-
b) Rs 50,000/-
c) Rs 30,000/-
d) Rs 20,000/-
e) None of the above
25. The Cooperative banks consist of a three - tier structure. Which of the following is not included in that structure?
a) Primary Agricultural Credit Societies (PACS) in the villages,
b) Central Co-operative Banks at the district level (DCCBs)
c) State Cooperative Banks at the state level (St CBs)
d) Farmers service Cooperative Societies (FSCS)
e) Only a, b and c
26. Which of the following banks are not insured by the DICGC?
a) All commercial banks including branches of foreign banks functioning in India
b) Local area banks and regional rural banks
c) Urban cooperative banks, functioning in States
d) Primary cooperative societies are not insured by the DICGC
e) All of the above
27. The security which is a claim on the government and is a secure financial instrument guarantees
certainty of both capital and interest is called ___
a) Gilt-Edged Security
b) Call Money
c) Treasury Bills
d) Certificate of Deposits
e) All of the above
28. The minimum maturity period for Commercial Paper (CP) is _____ days.
a) 14
b) 30
c) 45
d) 7
e) 365
29. NIXI stands for:
a) National & International Exchange of India
b) National Internet Exchange of India
c) Notional Inter Exchange interest
d) National and Intellectuals Exchange of India
e) None of the above
30. Nomination facilities are applicable to which accounts?
a) Deposit Accounts
b) Articles in Safe Custody/ Deposit
c) Locker Accounts
d) Cash Credit Accounts
e) a, b and c
ANSWERS:
1) b; 2) e; 3) a; 4) b; 5) d; 6) b; 7) b; 8) b; 9) e; 10) d;
11) a; 12) c; 13) d; 14) d; 15) a; 16) c; 17) d; 18) d; 19) d; 20) c;
21) b; 22) d; 23) a; 24) a; 25) e; 26) d; 27) a; 28) d; 29) b; 30) e.
a) The RBI will create framework for licences of small banks
b) Every panchayat to have at least one small bank by 2019
c) Banks to be permitted to raise long - term funds to lend to infrastructure with minimum regulations
d) Public sector banks need 2.40 lakh cr enquiries to conform to Basel -III norms by 2018
e) Banks capital to be raised through retail sale of shares while the Govt. to continue to hold majority in PSU banks
2. Which of the following Public Sector under takings are conferred the Navratna status by Department of Public Enterprises?
a) Engineers India Limited (EIL)
b) National Building Construction corporation Limited (NBCC)
c) Antrix corporation Limited
d) All of the above
e) Only a and b
3. Which of the following banks has become the biggest employer in the private banking space with
more than 72,000 employees in 2013-14?
a) ICICI Bank
b) HDFC
c) Kotak Mahindra Bank
d) Axis Bank
e) None of these
4. CRR for non- scheduled urban co-operative banks (UCBs) increased to what percent of their
total demanded and time liabilities recently?
a) 3 percent
b) 4 percent
c) 4.5 percent
d) 4.75 percent
e) None of these
5. Punjab National Bank has launched ____ scheme for popularization of education among
girls of Rural/ Semi urban areas.
a) PNB -EDUCHILD
b) PNB - SHIKSHA
c) BALIKA - SHIKSHA
d) 'PNB Ladli'
e) None of these
6. The RBI started issuing its credit policy bi-monthly on the recommendation of which of the following committees?
a) Shome committee
b) Urjit patel committee
c) HR Khan committee
d) KC Chakra arty
e) None of these
7. The operation of the following entities do not come under the purview of the RBI as of now,
despite accepting deposits and giving loans?
a) Regional Rural banks
b) Cooperative credit societies
c) Payments banks
d) Non - Banking Financial companies
e) Development banks
8. With respect to loans, a time period during the loan term when the borrower is not required to make any repayment, is termed as
a) Provisioning
b) Moratorium
c) Sanction
d) Limitation
e) Probation
9. What is the initial minimum deposit required for opening a Basic Saving bank Deposit
Account (BSBDA) with a bank?
a) 200
b) 500
c) 700
d)1000
e) No initial deposit required
10. Which country agreed to provide a one- billion - Euro credit line to India over the next three years?
a) UK
b) Germany
c) Switzerland
d) France
e) None of these
11. ARM loan means:
a) Adjustable Rate Mortgage loan
b) Adjustable Reverse Mortgage loan
c) Adjustable Retail Mortgage loan
d) None of the above
e) Any of the above
12. Which of following agencies/ organization in India maintains the Micro finance development fund?
a) SIDBI
b) SBI
c) NABARD
d) PNB
e) ICICI
13. RBI in regard to RTGS has decided that ___
a) RTGS would be accessible to all retail customers
b) There would be no floor ceiling for routing transactions through RTGS
c) Settlement of transactions of the clearing corporation of India and the stock market would be conducted through RTGS
d) All of these
e) None of these
14. As per KYC Policy, the list of terrorist organizations is supplied to the bank by the
a) Government of India
b) CIBIL
c) IBA
d) RBI
e) All of these
15. Merchant banking in India is governed by ___
a) SEBI
b) RBI
c) IRDA
d) Ministry of finance
e) None of the above
16. If you wish to purchase US dollars to travel abroad, you will approach ___
a) Ministry of finance
b) US embassy
c) Any bank branch authorized for such activity
d) RBI
e) External affairs ministry.
17. Insurance service provided by various banks is commonly known as ___
a) Investment banking
b) Portfolio management
c) Merchant banking
d) Banc assurance
e) None of these
18. Open market operations of RBI refer to buying and selling of ___
a) Commercial bills
b) Foreign exchange
c) Gold
d) Government bonds
e) None of these
19. The functions of the lead bank are performed by ___
a) SBI
b) RBI
c) Any bank
d) A bank designed for this purpose
e) None of these
20. The head office of the Punjab National Bank (PNB) is located in which of the following cities?
a) Mumbai
b) Amritsar
c) New Delhi
d) Chandigarh
e) None o f these
21. Which of the following terms is NOT used in banking/ finance?
a) Public Debt
b) Plasma
c) Joint venture
d) Net demand and time liability
e) Treasury bill
22. The Reserve Bank of India does NOT decide the ___
a) Rate of Repo and Reserve Repo
b) Marginal standing Facility Rates
c) Bank Rate
d) Rate of Dearness Allowance for Government Employees
e) Statutory Liquidity Ratio
23. Which of the following Mills have got Rs.14000 Cr interest free loans so far, as against Rs.
6000 Cr approved by central Government?
a) Cash Starved Sugar Mills
b) Sick Units of SME
c) DBR Cotton Mills
d) Suraj Cotton Mills
e) Cash Starved Oil Mills
24. What is the amount of Accident Insurance Cover provided under Jan Dhan Yojana recently launched by the Prime Minister?
a) Rs 1,00,000/-
b) Rs 50,000/-
c) Rs 30,000/-
d) Rs 20,000/-
e) None of the above
25. The Cooperative banks consist of a three - tier structure. Which of the following is not included in that structure?
a) Primary Agricultural Credit Societies (PACS) in the villages,
b) Central Co-operative Banks at the district level (DCCBs)
c) State Cooperative Banks at the state level (St CBs)
d) Farmers service Cooperative Societies (FSCS)
e) Only a, b and c
26. Which of the following banks are not insured by the DICGC?
a) All commercial banks including branches of foreign banks functioning in India
b) Local area banks and regional rural banks
c) Urban cooperative banks, functioning in States
d) Primary cooperative societies are not insured by the DICGC
e) All of the above
27. The security which is a claim on the government and is a secure financial instrument guarantees
certainty of both capital and interest is called ___
a) Gilt-Edged Security
b) Call Money
c) Treasury Bills
d) Certificate of Deposits
e) All of the above
28. The minimum maturity period for Commercial Paper (CP) is _____ days.
a) 14
b) 30
c) 45
d) 7
e) 365
29. NIXI stands for:
a) National & International Exchange of India
b) National Internet Exchange of India
c) Notional Inter Exchange interest
d) National and Intellectuals Exchange of India
e) None of the above
30. Nomination facilities are applicable to which accounts?
a) Deposit Accounts
b) Articles in Safe Custody/ Deposit
c) Locker Accounts
d) Cash Credit Accounts
e) a, b and c
ANSWERS:
1) b; 2) e; 3) a; 4) b; 5) d; 6) b; 7) b; 8) b; 9) e; 10) d;
11) a; 12) c; 13) d; 14) d; 15) a; 16) c; 17) d; 18) d; 19) d; 20) c;
21) b; 22) d; 23) a; 24) a; 25) e; 26) d; 27) a; 28) d; 29) b; 30) e.
