1. Which of the following function is not relating to Commercial Bank?
1) Accepting Time Deposits
2) Providing Loans
3) Doing Agriculture Activity
4) Discounting Bills of Exchange
5) Provide online technology nowadays for speed transfer of money
2. Why banks pay no rate of interest or very less rate of interest on current accounts?
1) RBI orders bank not to pay rate of interest for current accounts.
2) Banks do not pay rate of interest as the current accounts not offered by Scheduled banks.
3) Banks cannot utilise these short-term deposits for lending purposes and must keep almost cent percent reserve against them.
4) To maintain the current account is more expensive, so they do not pay rate of interest.
5) None of above
3. Which of the following statement is wrong related to Overdraft?
1) Overdraft provide by commercial banks as form of Loans.
2) Banks collect rate of interest on Overdrafts.
3) Overdraft can be issued to non-customer also.
4) Some banks levy bank charges to process the overdraft loans.
5) None of above
4. Hundi is a ........... in an Indian language, governed by customs and local usage.
1) Cheque
2) Demand Draft
3) Bill of Exchange
4) Promissory Note
5) None
5. Which of the following is not agency function of Commercial banks?
1) Letters of Reference
2) Tax Consultancy
3) Accepting Deposits
4) Purchase and Sale of Foreign Exchange
5) Trustee and Executor
6. Which is the first commercial bank in India initiated to have Television Banking (TVB), avail the banking information on TV screens. This enable TV viewers to access information of Bank's services and products, from the convince of their homes?
1) SBI
2) Corporation Bank
3) ICICI
4) Canara Bank
5) Tamilnadu Mercantile Bank Limited
7. On 13 March 2015, the Union government declared that unused priority sector lending funds of commercial banks will be used to set up the Rs.20,000 crore corpus of the proposed .......
1) Bharathiya Mahila Bank
2) AIIB
3) PLB
4) New Development Bank
5) MUDRA Bank
8. Which bank launched the mobile app 'Chillr', which allows users to instantly transfer money to any contact in their phone book. The best part about using this money transfer mechanism is that, there is no need to add beneficiary details such as bank account number, IFSC codes etc
1) ICICI
2) SBI
3) HDFC
4) Citi Bank
5) Yes Bank
9. Which commercial bank has launched a mobile application 'Pingpay' that enables customers to make payments to any contact across social media platforms in seconds?
1) Central bank of India
2) Andhra Bank
3) Axis Bank
4) ICICI
5) SBI
10. Government ordered commercial banks to step up lending to minorities on 12 March 2015. Accordingly, all scheduled commercial banks are required to specially monitor the credit flow to minorities in how many districts?
1) 140
2) 121
3) 90
4) 640
5) 88
11. The statements related to corporate funding given. Locate the wrong statement.
1) RBI moves to restrict commercial banks exposure to corporate loans.
2) Banks would only be allowed to lend up to 25 percent of their core capital.
3) The earlier ceiling of up to 55 percent.
4) RBI proposes this new rule effective from 1 January 2019.
5) None
12. The rate at which RBI purchases or rediscounts bills of exchange of commercial banks is called ........
1) CRR
2) Base Rate
3) SLR
4) LAF
5) Bank Rate
13. In which year the Kotak Mahindra Finance Ltd. converted into a commercial bank - the first Indian company to do so?
1) 1996
2) 1998
3) 1994
4) 2003
5) 2010
14. The power of the commercial banks to expand deposits through expanding their loans and advances is known as which among the following?
1) Capital Expansion
2) Credit Expansion
3) Credit Control
4) Credit suasion
5) Credit Creation
ANSWERS:
1-3, 2-3, 3-3, 4-3, 5-3, 6-3, 7-5, 8-3, 9-3, 10-2
11-5, 12-5, 13-4, 14-5
1) Accepting Time Deposits
2) Providing Loans
3) Doing Agriculture Activity
4) Discounting Bills of Exchange
5) Provide online technology nowadays for speed transfer of money
2. Why banks pay no rate of interest or very less rate of interest on current accounts?
1) RBI orders bank not to pay rate of interest for current accounts.
2) Banks do not pay rate of interest as the current accounts not offered by Scheduled banks.
3) Banks cannot utilise these short-term deposits for lending purposes and must keep almost cent percent reserve against them.
4) To maintain the current account is more expensive, so they do not pay rate of interest.
5) None of above
3. Which of the following statement is wrong related to Overdraft?
1) Overdraft provide by commercial banks as form of Loans.
2) Banks collect rate of interest on Overdrafts.
3) Overdraft can be issued to non-customer also.
4) Some banks levy bank charges to process the overdraft loans.
5) None of above
4. Hundi is a ........... in an Indian language, governed by customs and local usage.
1) Cheque
2) Demand Draft
3) Bill of Exchange
4) Promissory Note
5) None
5. Which of the following is not agency function of Commercial banks?
1) Letters of Reference
2) Tax Consultancy
3) Accepting Deposits
4) Purchase and Sale of Foreign Exchange
5) Trustee and Executor
6. Which is the first commercial bank in India initiated to have Television Banking (TVB), avail the banking information on TV screens. This enable TV viewers to access information of Bank's services and products, from the convince of their homes?
1) SBI
2) Corporation Bank
3) ICICI
4) Canara Bank
5) Tamilnadu Mercantile Bank Limited
7. On 13 March 2015, the Union government declared that unused priority sector lending funds of commercial banks will be used to set up the Rs.20,000 crore corpus of the proposed .......
1) Bharathiya Mahila Bank
2) AIIB
3) PLB
4) New Development Bank
5) MUDRA Bank
8. Which bank launched the mobile app 'Chillr', which allows users to instantly transfer money to any contact in their phone book. The best part about using this money transfer mechanism is that, there is no need to add beneficiary details such as bank account number, IFSC codes etc
1) ICICI
2) SBI
3) HDFC
4) Citi Bank
5) Yes Bank
9. Which commercial bank has launched a mobile application 'Pingpay' that enables customers to make payments to any contact across social media platforms in seconds?
1) Central bank of India
2) Andhra Bank
3) Axis Bank
4) ICICI
5) SBI
10. Government ordered commercial banks to step up lending to minorities on 12 March 2015. Accordingly, all scheduled commercial banks are required to specially monitor the credit flow to minorities in how many districts?
1) 140
2) 121
3) 90
4) 640
5) 88
11. The statements related to corporate funding given. Locate the wrong statement.
1) RBI moves to restrict commercial banks exposure to corporate loans.
2) Banks would only be allowed to lend up to 25 percent of their core capital.
3) The earlier ceiling of up to 55 percent.
4) RBI proposes this new rule effective from 1 January 2019.
5) None
12. The rate at which RBI purchases or rediscounts bills of exchange of commercial banks is called ........
1) CRR
2) Base Rate
3) SLR
4) LAF
5) Bank Rate
13. In which year the Kotak Mahindra Finance Ltd. converted into a commercial bank - the first Indian company to do so?
1) 1996
2) 1998
3) 1994
4) 2003
5) 2010
14. The power of the commercial banks to expand deposits through expanding their loans and advances is known as which among the following?
1) Capital Expansion
2) Credit Expansion
3) Credit Control
4) Credit suasion
5) Credit Creation
ANSWERS:
1-3, 2-3, 3-3, 4-3, 5-3, 6-3, 7-5, 8-3, 9-3, 10-2
11-5, 12-5, 13-4, 14-5
