1. The Reserve Bank's affairs are governed by a central board of directors. The board is appointed
by the Government of India in keeping with the Reserve Bank of India Act. It is Appointed/ nominated for a period of....
a) 6 years
b) 5 years
c) 4 years
d) 3 years
e) 2 years
2. As per SEBI guidelines, in a Book Building process the cap in the price band
a) should be at least 10 per cent of the floor price
b) should not be more than 20 per cent of the floor price
c) should not be more than 30 per cent of the floor price
d) no limits
e) none
3. _______ is a short term security (7 days to 365 days) issued by a corporate entity (other than a bank), at a discount to the face value?
a) Commercial Paper
b) Certificate of Deposit
c) Non-convertible Debenture
d) Treasury Bill
e) None of the above
4. Who is the chairman of NITI Ayog ?
a) Narendra Modi
b) Arvind Pangaria
c) Mangu Singh
d) Anupam Srivastava
e) Ashok Kumar Roy
5. The Nai Manzil Scheme is designed as an integrated education and training programme that provides youth from minority communities skills needed for different tasks in a rapidly changing world. It also provides them trade related training in which of the following areas:
a) Manufacturing
b) Engineering
c) Services
d) Soft skills
e) All the above
6. Indian Financial Network [INFINET] is the...
a) Communication backbone for the Indian Banking and Financial sector
b) Association of the employers of the banking and financial sector
c) Closed user group network of SBI and its subsidiaries
d) All of the above
e) None of the above
7. In Mutual Funds, A close ended fund means:
a) The corpus is of fixed size with a definite redemption period
b) Listing on stock exchanges provides easy liquidity
c) The market price is always below the Net Asset Value
d) All of the above
e) None of the above
8. Which of the following is correct statement in respect of debit cards
a) Debit card facility is provided to those having savings bank account/current account holders
b) This facility is not extended to cash credit/loan account holders
c) It is an unsecured credit facility
d) Debit card is issued to all the persons who visit the branch
e) a and b
9. In the term IPO, what do you mean by "P"?
a) Provisions
b) Public
c) Private
d) Prudent
e) Pension
10. The Overall Priority Sector Lending Target to be increased to _______ by Foreign Bank with
more than 20 Branches by 2018?
a) 60 percent of adjusted Net Bank Credit
b) 40 percent of Adjusted Net Bank Credit
c) 32 percent of adjusted Net Bank Credit
d) 25 percent of adjusted Net Bank Credit
e) 30 percent of adjusted Net Bank Credit
11. When it comes to scheduled commercial banks, which out of the following is not true?
a) Nationalised banks
b) Regional Rural banks
c) Foreign banks
d) Private sector banks
e) Local area banks
12. Which amongst the following is called as mother of deposits?
a) Current account
b) Fixed deposit
c) Recurring deposit
d) Savings bank
e) Reinvestment deposit
13. "Micro Finance" is a ______ of banking services?
a) Introduction stage
b) Saturation stage
c) Research stage
d) Decline stage
e) None of the Above
14. Which amongst the following is not term deposits issued by commercial banks?
a) Current account
b) Fixed deposit
c) Recurring deposit
d) Reinvestment deposit
e) All the above
15. What is the main purpose of Open market operations?
a) A fiscal device which assists Government borrowing
b) A monetary measure to regulate quantity of money in circulation and the cash reserves of the commercial banks
c) A measure to counteract extreme trends in business
d) A measure to influence the balance of payments position
e) None of the above
16. What is the full form of MSME?
a) Mini, Small and Medium Enterprises
b) Micro, Small and Medium Enterprises
c) Mini scale Marketing Enterprises
d) Medium Scale Marketing Enterprises
e) None of the above
17. A customer is required to maintain adequate balances in his/her accounts in order to use his ____ card in the merchant establishments?
a) Smart Card
b) Credit Card
c) Add-on Credit card
d) Debit Card
e) None of the above
18. Which of the following are the latest guidelines issued by the RBI in respect of opening new
branches in villages?
a) To open more brick and mortar branches in villages where there are no banking facilities
and population is more than 5,000.
b) Banks to submit a roadmap on how many branches they will be opening by 31 March 2017.
c) The roadmap by end of January 2016.
d) BCBF Model to be discontinued
e) Only a, b, c
19. Name the financial instrument which is/are issued for short term (up to one year) borrowing by
RBI on behalf of the Government of India?
a) Treasury Bills
b) Commercial Paper
c) Certificate of Deposit
d) Non-convertible Debenture
e) Only b & c
20. KYC (Know Your Customer) norms were implemented in the Indian banking system in 2002 as per the directive of ?
a) SEBI
b) RBI
c) IBA
d) IRDA
e) None of these
21. Often, we read in the newspapers that several Indian companies are taking the FCCB route to raise capital. What does the term FCCB stand for?
a) Foreign Currency Convertible Bond
b) Foreign Convertible Credit Bond
c) Financial Consortium and Credit Bureau
d) Future Credit and Currency Bureau
e) None of these
22. ATM cards are issued to a person who maintains any of following accounts with the bank
a) saving bank account
b) current accounts
c) term deposits
d) loan or cash credit accounts
e) either a or b
23. A commercial paper is
a) A paper issued by Reserve Bank of India an trade and commerce
b) An unsecured money market instrument issued in the form of promissory note
c) A document issued by IDBI for seeking refinance facility from Reserve Bank India
d) All of the above
e) None of the above
24. Which of the following would fall under the category of retail banking?
a) Home Loans
b) Credit Cards
c) Personal Loans
d) Car Loans
e) All of these
25. Who decides how much quantity of the coins to be minted?
a) Reserve Bank of India
b) Central Government
c) Finance Ministry
d) Both RBI and Central Government decide
e) None of the above
26. What are the components of Foreign Exchange Reserves?
a) Foreign currency assets,
b) Gold,
c) Special Drawing Rights
d) Reserve Position in the IMF
e) All the above
27. The chairman of Regional Rural Bank is appointed by _____?
a) State Government
b) Reserve Bank of India
c) Central Government
d) Sponsoring bank in consultation with NABARD
e) None of the above
ANSWERS:
1) c 2) b 3) a 4) a 5) e 6) a 7) d 8) e 9) b 10) b
11) e 12) d 13) a 14) a 15) b 16) b 17) d 18) e 19) a 20) b
21) a 22) e 23) b 24) e 25) b 26) e 27) d
