1. On 27 November 2014, RBI announced the guidelines for setting up of ......
1) Private banks and Small industrial development banks
2) Local Area banks having MFI back ground
3) Regional and Local Area banks for Common Man
4) Foreign banks with the FDI of 100 %
5) Payment banks and small Finance banks
2. RBI has asked interested parties to apply for Small banks and Payment banks by ........
1) Jan 1, 2015
2) Apr 1, 2015
3) Jan 16, 2015
4) Mar 16, 2015
5) None
3. The aim of RBI to permit the Payment banks is .......
1) To boost Financial inclusion
2) To allow the payments/remittance services to migrant labour workforce
3) To help the low households
4) To help the small entities to do banking business
5) All of above
4. The license of Payment banks can be given to .......
1) Existing non-bank Pre-paid Payment Instrument (PPI) issuers
2) Non-Banking Finance Companies (NBFCs)
3) Corporate Business Correspondents (BCs)
4) Super-market chains
5) All of above
5. The equity capital of Payment banks is .......
1) Rs.10 crores
2) Rs.700 crores
3) Rs.1000 crores
4) Rs.500 crores
5) Rs.100 crores
6. Payment banks not allowed to .......
1) Issue credit card
2) Issue debit card
3) Issue cheque book
4) provide remittance services
5) provide accounts to women
7. In the payment banks, the promoter should retain a ....... stake for the first 5 years.
1) 25%
2) 15%
3) 75%
4) 40%
5) 100%
8. Payments banks can give savings accounts to customers. But in the single customer account, the maximum balance allowed not more than .......
1) Rs. 1 Lakh
2) Rs.75,000
3) Rs.2 Lakh
4) Rs. 5 Lakh
5) Customer of bank can maintain any balance
9. The foreign shareholding in the payments bank allowed up to .......
1) 10%
2) 35%
3) 49%
4) 74%
5) As per the FDI policy for private sector banks as amended from time to time
10. The aim to provide licenses to small banks is .......
1) supply of credit to small business units
2) to help the small and marginal farmers
3) to help micro and small industries
4) to help the unorganized sector
5) All of above
11. There will not be any restriction in the area of operations of small finance banks. Minimum paid-up equity capital for small finance banks shall be .......
1) Rs.1000 crore
2) Rs.5000 crore
3) Rs.500 crore
4) Rs.10 crore
5) Rs.100 crore
12. Listing is compulsory, once the net worth of the small banks crossed Rs .......
1) 100 crores
2) 500 crores
3) 10 crores
4) 1000 crores
5) None
13. Promoter's minimum initial contribution to the paid-up equity capital of such small finance bank shall at least be 40% and gradually brought down to 26% within .......
1) 12 years
2) 6 years
3) 10 years
4) 20 years
5) None
14. The foreign shareholding in the small banks allowed up to .......
1) 30%
2) 20%
3) 51%
4) 64%
5) As per the FDI policy for private sector banks as amended from time to time
15. As per the RBI guidelines, the small banks should see at least 50 per cent of its loan portfolio should constitute loans and advances of up to .......
1) Rs. 25 lakh
2) Rs.50 lakh
3) Rs. 75 lakh
4) Rs. 5 lakh
5) None
16. 'Nishchint' is the home loan product of .......
1) ICICI
2) SBI
3) HDFC bank
4) Axis bank
5) SBH
17. On 4 December 2014, RBI asked banks to make registration process for m-banking services easy. m-banking stands for .......
1) Money banking
2) More banking
3) Morning banking
4) Mortar banking
5) Mobile banking
18. What does the letter 'V' denote in the abbreviated name 'IVRS'?
1) Valet
2) Variable
3) Voice
4) Vendee
5) Vendor
19. On 5 December 2014, RBI said it has plan to allow banks to use the 5/25 norms for infra loans for existing projects. Presently 5/25 norms applicable to .......
1) Old projects
2) Projects having land more than 100 acres only
3) Foreign projects alone
4) PPP models only
5) Fresh projects
20. Which of the following statements is wrong?
1) RBI recently passed the new directions in foreign currency accounts
2) It directed to convert credit balances in any inoperative foreign currency (FC) denominated deposit into Indian rupees
3) This rule not applicable to Private Bank savings Accounts
4) Such conversion from FC accounts to rupee accounts made, if the foreign currency (FC) accounts deposit not in use for three years from the date of maturity of deposit
5) None of above
21. Tony Abbot who was in news recently is the .......
1) President of Russia
2) Prime minister of Haiti
3) Prime minister of Nepal
4) Chancellor of Germany
5) Prime minister of Australia
22. Who amongst the following has taken over as the Chief Minister of Maharashtra after recent assembly elections there?
1) Laxmikant Parsekar
2) O.Panner Selvam
3) Devendra Fadnavis
4) Manohar Lal Khattar
5) Prithviraj Chavan
23. Dineshwar Sharma has been appointed as the .......
1) New Chief of BSF
2) New Chief of CRPF
3) New Chief of CBI
4) Next Chief of Intelligence Bureau (IB)
5) New Deputy Governor of RBI
24. 'Miss World 2014' Rolene Strauss is from which of the following countries?
1) Australia
2) India
3) South Africa
4) Hungary
5) USA
25. Confucius Peace Prize 2014 conferred on Fidel Castro Ruz for his important contributions in
eliminating nuclear war after his retirement. He ruled .......
1) Venezulla
2) Russia
3) Cuba
4) Vietnam
5) Fiji
26. Who was named as the Asian of the Year 2014 by Singapore's leading newspaper The Straits Times?
1) Kailash Satyardhi
2) Malala
3) Narendra Modi
4) Dalia lama
5) Lee Hsien Loong
27. Deen Dayal Upadhyaya Grameen Kaushalya Yojna (DDU-GKY) aims at providing quality skill training and placement opportunities to rural poor youth in the age group of .......
1) 25-35 years
2) 18-25 years
3) 20-35 years
4) 15-35 years
5) None
28. By 2020, developed countries are predicted to face a shortfall of over 57 million semiskilled manpower while India is expected to have a surplus of .......
1) 17 million
2) 47 million
3) 27 million
4) 7 million
5) 67 million
29. For DDU-GKY scheme, the government will spend Rs. 2000 crores to train nearly ....... annually and help of corporate sector will be sought to achieve the goal.
1) Two lakh rural youth
2) Three lakh rural youth
3) Four lakh rural youth
4) Five lakh rural youth
5) Twenty lakh rural youth
30. Saansad Adarsh Gram Yojana (SAGY) introduced on the birth anniversary .......
1) Nehru
2) Gandhi
3) Ambedkar
4) Jayaprakash Narayan
5) Lal Bahadur Shastri
31. Under SAGY, the member of Parliament will identify and develop ....... from their constituencies as a model village by 2016.
1) one village
2) two villages
3) three villages
4) four villages
5) five villages
32. Under SAGY, the member of Parliament will identify and develop from their constituencies a model village by 2016 and two more by .......
1) 2019
2) 2025
3) 2050
4) 2045
5) 2030
33. On 15 December 2014, Union Government told the proposed TAPI pipeline will have a length of 1814 kms. TAPI stands for .......
1) Turkey - Afghanistan - Pakistan - India
2) Turkmenistan - Azerbaijan - Pakistan - India
3) Turkmenistan - Afghanistan - Persian Gulf -India
4) Turkmenistan - Armenia - Pakistan - India
5) Turkmenistan - Afghanistan - Pakistan - India
34. Vijay Diwas celebrates on 16th December because .......
1) India's military victory over Pakistan in 1965
2) India's military victory over Pakistan in 1971
3) India's military victory over Pakistan in 1996
4) India's military victory over Pakistan in 2000
5) None of above
35. National Energy Conservation Day observed on .......
1) 31 October
2) 1 December
3) 4 December
4) 14 December
5) None
36. International Day of Yoga is on .......
1) 6 April
2) 14 November
3) 11 November
4) 21 June
5) None
37. 'The Dramatic Decade: The Years of Indira Gandhi' written by .......
1) Rahul Gandhi
2) Pratibha Patil
3) Manmohan Singh
4) M.S. Swami Nathan
5) Pranab Mukherjee
38. London Classic title won by .......
1) Magnus Carlsen
2) Viswanathan Anand
3) Fabiano Caruana
4) Alexander Grischuk
5) None
39. 2014 Champions Trophy of Hockey won by .......
1) Pakistan
2) Germany
3) India
4) Australia
5) None
40. Pick the wrong combination?
1) David Warner - Cricket - New Zealand
2) Amos Meindi - Marathon - Kenya
3) Sarita Devi - Boxer - India
4) Lewis Hamilton - Formula One Race Driver - Britain
5) Stanislas Wawrinka - Tennis - Switzerland
41. Pakistan has been ranked third in Global Terrorism Index released by London based Institute for Economics and Peace. Which nation tops in this list?
1) Iraq
2) Syria
3) Afghanistan
4) Nigeria
5) Iran
42. Which of the following auto majors is in process to phase out its popular hatchback Santro?
1) Maruti Suzuki
2) Tata Motors
3) Hyundai Motors
4) General Motors
5) None
43. Oxford English Dictionary has named which of the following words as 2014 word of year?
1) wanna
2) SMH
3) Humblebrag
4) Neckbeard
5) Vape
ANSWERS:
1-5, 2-3, 3-5, 4-5, 5-5, 6-1, 7-4, 8-1, 9-5, 10-5
11-5, 12-2, 13-1, 14-5, 15-1, 16-4, 17-5, 18-3, 19-5, 20-3
21-5, 22-3, 23-4, 24-3, 25-3, 26-3, 27-4, 28-2, 29-1, 30-4
31-1, 32-1, 33-5, 34-2, 35-4, 36-4, 37-5, 38-2, 39-2, 40-1, 41-1, 42-3, 43-5
1) Private banks and Small industrial development banks
2) Local Area banks having MFI back ground
3) Regional and Local Area banks for Common Man
4) Foreign banks with the FDI of 100 %
5) Payment banks and small Finance banks
2. RBI has asked interested parties to apply for Small banks and Payment banks by ........
1) Jan 1, 2015
2) Apr 1, 2015
3) Jan 16, 2015
4) Mar 16, 2015
5) None
3. The aim of RBI to permit the Payment banks is .......
1) To boost Financial inclusion
2) To allow the payments/remittance services to migrant labour workforce
3) To help the low households
4) To help the small entities to do banking business
5) All of above
4. The license of Payment banks can be given to .......
1) Existing non-bank Pre-paid Payment Instrument (PPI) issuers
2) Non-Banking Finance Companies (NBFCs)
3) Corporate Business Correspondents (BCs)
4) Super-market chains
5) All of above
5. The equity capital of Payment banks is .......
1) Rs.10 crores
2) Rs.700 crores
3) Rs.1000 crores
4) Rs.500 crores
5) Rs.100 crores
6. Payment banks not allowed to .......
1) Issue credit card
2) Issue debit card
3) Issue cheque book
4) provide remittance services
5) provide accounts to women
7. In the payment banks, the promoter should retain a ....... stake for the first 5 years.
1) 25%
2) 15%
3) 75%
4) 40%
5) 100%
8. Payments banks can give savings accounts to customers. But in the single customer account, the maximum balance allowed not more than .......
1) Rs. 1 Lakh
2) Rs.75,000
3) Rs.2 Lakh
4) Rs. 5 Lakh
5) Customer of bank can maintain any balance
9. The foreign shareholding in the payments bank allowed up to .......
1) 10%
2) 35%
3) 49%
4) 74%
5) As per the FDI policy for private sector banks as amended from time to time
10. The aim to provide licenses to small banks is .......
1) supply of credit to small business units
2) to help the small and marginal farmers
3) to help micro and small industries
4) to help the unorganized sector
5) All of above
11. There will not be any restriction in the area of operations of small finance banks. Minimum paid-up equity capital for small finance banks shall be .......
1) Rs.1000 crore
2) Rs.5000 crore
3) Rs.500 crore
4) Rs.10 crore
5) Rs.100 crore
12. Listing is compulsory, once the net worth of the small banks crossed Rs .......
1) 100 crores
2) 500 crores
3) 10 crores
4) 1000 crores
5) None
13. Promoter's minimum initial contribution to the paid-up equity capital of such small finance bank shall at least be 40% and gradually brought down to 26% within .......
1) 12 years
2) 6 years
3) 10 years
4) 20 years
5) None
14. The foreign shareholding in the small banks allowed up to .......
1) 30%
2) 20%
3) 51%
4) 64%
5) As per the FDI policy for private sector banks as amended from time to time
15. As per the RBI guidelines, the small banks should see at least 50 per cent of its loan portfolio should constitute loans and advances of up to .......
1) Rs. 25 lakh
2) Rs.50 lakh
3) Rs. 75 lakh
4) Rs. 5 lakh
5) None
16. 'Nishchint' is the home loan product of .......
1) ICICI
2) SBI
3) HDFC bank
4) Axis bank
5) SBH
17. On 4 December 2014, RBI asked banks to make registration process for m-banking services easy. m-banking stands for .......
1) Money banking
2) More banking
3) Morning banking
4) Mortar banking
5) Mobile banking
18. What does the letter 'V' denote in the abbreviated name 'IVRS'?
1) Valet
2) Variable
3) Voice
4) Vendee
5) Vendor
19. On 5 December 2014, RBI said it has plan to allow banks to use the 5/25 norms for infra loans for existing projects. Presently 5/25 norms applicable to .......
1) Old projects
2) Projects having land more than 100 acres only
3) Foreign projects alone
4) PPP models only
5) Fresh projects
20. Which of the following statements is wrong?
1) RBI recently passed the new directions in foreign currency accounts
2) It directed to convert credit balances in any inoperative foreign currency (FC) denominated deposit into Indian rupees
3) This rule not applicable to Private Bank savings Accounts
4) Such conversion from FC accounts to rupee accounts made, if the foreign currency (FC) accounts deposit not in use for three years from the date of maturity of deposit
5) None of above
21. Tony Abbot who was in news recently is the .......
1) President of Russia
2) Prime minister of Haiti
3) Prime minister of Nepal
4) Chancellor of Germany
5) Prime minister of Australia
22. Who amongst the following has taken over as the Chief Minister of Maharashtra after recent assembly elections there?
1) Laxmikant Parsekar
2) O.Panner Selvam
3) Devendra Fadnavis
4) Manohar Lal Khattar
5) Prithviraj Chavan
23. Dineshwar Sharma has been appointed as the .......
1) New Chief of BSF
2) New Chief of CRPF
3) New Chief of CBI
4) Next Chief of Intelligence Bureau (IB)
5) New Deputy Governor of RBI
24. 'Miss World 2014' Rolene Strauss is from which of the following countries?
1) Australia
2) India
3) South Africa
4) Hungary
5) USA
25. Confucius Peace Prize 2014 conferred on Fidel Castro Ruz for his important contributions in
eliminating nuclear war after his retirement. He ruled .......
1) Venezulla
2) Russia
3) Cuba
4) Vietnam
5) Fiji
26. Who was named as the Asian of the Year 2014 by Singapore's leading newspaper The Straits Times?
1) Kailash Satyardhi
2) Malala
3) Narendra Modi
4) Dalia lama
5) Lee Hsien Loong
27. Deen Dayal Upadhyaya Grameen Kaushalya Yojna (DDU-GKY) aims at providing quality skill training and placement opportunities to rural poor youth in the age group of .......
1) 25-35 years
2) 18-25 years
3) 20-35 years
4) 15-35 years
5) None
28. By 2020, developed countries are predicted to face a shortfall of over 57 million semiskilled manpower while India is expected to have a surplus of .......
1) 17 million
2) 47 million
3) 27 million
4) 7 million
5) 67 million
29. For DDU-GKY scheme, the government will spend Rs. 2000 crores to train nearly ....... annually and help of corporate sector will be sought to achieve the goal.
1) Two lakh rural youth
2) Three lakh rural youth
3) Four lakh rural youth
4) Five lakh rural youth
5) Twenty lakh rural youth
30. Saansad Adarsh Gram Yojana (SAGY) introduced on the birth anniversary .......
1) Nehru
2) Gandhi
3) Ambedkar
4) Jayaprakash Narayan
5) Lal Bahadur Shastri
31. Under SAGY, the member of Parliament will identify and develop ....... from their constituencies as a model village by 2016.
1) one village
2) two villages
3) three villages
4) four villages
5) five villages
32. Under SAGY, the member of Parliament will identify and develop from their constituencies a model village by 2016 and two more by .......
1) 2019
2) 2025
3) 2050
4) 2045
5) 2030
33. On 15 December 2014, Union Government told the proposed TAPI pipeline will have a length of 1814 kms. TAPI stands for .......
1) Turkey - Afghanistan - Pakistan - India
2) Turkmenistan - Azerbaijan - Pakistan - India
3) Turkmenistan - Afghanistan - Persian Gulf -India
4) Turkmenistan - Armenia - Pakistan - India
5) Turkmenistan - Afghanistan - Pakistan - India
34. Vijay Diwas celebrates on 16th December because .......
1) India's military victory over Pakistan in 1965
2) India's military victory over Pakistan in 1971
3) India's military victory over Pakistan in 1996
4) India's military victory over Pakistan in 2000
5) None of above
35. National Energy Conservation Day observed on .......
1) 31 October
2) 1 December
3) 4 December
4) 14 December
5) None
36. International Day of Yoga is on .......
1) 6 April
2) 14 November
3) 11 November
4) 21 June
5) None
37. 'The Dramatic Decade: The Years of Indira Gandhi' written by .......
1) Rahul Gandhi
2) Pratibha Patil
3) Manmohan Singh
4) M.S. Swami Nathan
5) Pranab Mukherjee
38. London Classic title won by .......
1) Magnus Carlsen
2) Viswanathan Anand
3) Fabiano Caruana
4) Alexander Grischuk
5) None
39. 2014 Champions Trophy of Hockey won by .......
1) Pakistan
2) Germany
3) India
4) Australia
5) None
40. Pick the wrong combination?
1) David Warner - Cricket - New Zealand
2) Amos Meindi - Marathon - Kenya
3) Sarita Devi - Boxer - India
4) Lewis Hamilton - Formula One Race Driver - Britain
5) Stanislas Wawrinka - Tennis - Switzerland
41. Pakistan has been ranked third in Global Terrorism Index released by London based Institute for Economics and Peace. Which nation tops in this list?
1) Iraq
2) Syria
3) Afghanistan
4) Nigeria
5) Iran
42. Which of the following auto majors is in process to phase out its popular hatchback Santro?
1) Maruti Suzuki
2) Tata Motors
3) Hyundai Motors
4) General Motors
5) None
43. Oxford English Dictionary has named which of the following words as 2014 word of year?
1) wanna
2) SMH
3) Humblebrag
4) Neckbeard
5) Vape
ANSWERS:
1-5, 2-3, 3-5, 4-5, 5-5, 6-1, 7-4, 8-1, 9-5, 10-5
11-5, 12-2, 13-1, 14-5, 15-1, 16-4, 17-5, 18-3, 19-5, 20-3
21-5, 22-3, 23-4, 24-3, 25-3, 26-3, 27-4, 28-2, 29-1, 30-4
31-1, 32-1, 33-5, 34-2, 35-4, 36-4, 37-5, 38-2, 39-2, 40-1, 41-1, 42-3, 43-5
