1. Which Bank has opened its first branch in South Korea (Seoul) on 13th Jan, 2016 ?
a) ICICI
b) Punjab National Bank
c) Corporation Bank
d) State Bank of India
e) Indian Overseas Bank
2. The purpose of SARFAESI Act 2002 is:
a) Recovery of dues in Education Loans only
b) Recovery term loans sanctioned for construction of infrastructure projects
c) Court permission is must before recovery of overudes in NPAs
d) Recovery of dues classified as non-performing assets without intervention of court
e) None of the above
3. A banknote, of which a portion is missing or which is composed of more than two pieces is called ?
a) Soiled Note
b) Cut Note
c) Duplicate Note
d) Bad Note
e) Mutilated banknote
4. Consumption loan under priority sector can be granted to..
a) Rural artisans
b) Small/Marginal farmers
c) Landless labourers
d) All
e) None
5. Which of the following is a borrowing facility/loan advance __?
a) Term finance
b) Performance guarantee
c) Bill received under letter of credit
d) All the above
e) None of the above
6. Collateral securities can be ___?
a) Tangible
b) Intangible in the shape of personal guarantee of a third party
c) Security given to get credit facilities/loan
d) All of the above
e) None of the above
7. A charge where there is neither the transfer of ownership nor the possession is called ______?
a) Hypothecation
b) Lien
c) Pledge
d) Mortgage
e) None of the above
8. As per the directives of Reserve bank of India, 'Notice deposit' shall mean:
a) The deposit withdrawable at the will of the depositor
b) The deposit repayable only after the bank gives notice to the depositor
c) Term deposit for specific period but with drawable on giving at least one complete banking day’s notice
d) None of the above
e) All of the above
9. Regional Rural Banks have been permitted to pay ½% additional interest on ____?
a) All deposits accounts except current deposits
b) All deposits accounts including current deposits
c) Saving account and time deposits of less than three years
d) All deposit accounts except Recurring Deposit Scheme
e) None of the above
10. Name the 9 digit numeric code that uniquely identifies a bank branch participating in electronic clearing scheme?
a) MICR
b) ECS
c) NEFT
d) IFSC
e) INFINET
11. What is the full form of the CORE word in Core Banking Solutions?
a) Core Online Real-time Exchange
b) Centralized Online Real-time Exchange
c) Central Online Real-time Exchange
d) Centralized Online Retail Exchange
e) None of the above
12. Which Bank scores a first, mortgage portfolio crossing Rs 1 lakh crore ?
a) State Bank of India
b) HDFC
c) CORPORATION BANK
d) ICICI
e) Punjab National Bank
13. A part of the issued capital of the Regional Rural Banks is subscribed as under___?
a) Fifty per cent by Central Government
b) Fifty per cent by State Government
c) Thirty per cent by sponsoring bank
d) All the above
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 o perations?
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. Account Holder of Which of the following accounts with a bank will be issued with ATM cards?
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
28. To control inflationary situation in the economy, RBI can increase one or more of these monetary tool?
a) CRR-SLR-Bank Rate
b) SLR-CRR-Base Rate
c) CRR-SLR-Repo Rate
d) CRR-SLR-Reverse Repo Rate
e) CRR-SLR-BPLR
29. Who can open various types of non-resident accounts?
a) Persons of Indian Nationality or person of Indian origin residing outside India
b) Persons of foreign nationality or origin residing outside India
c) Firms, companies and other organization resident outside India
d) a, b and c
e) None
30. ATMs which are set up, owned and operated by non-banks are called as?
a) White Label ATMs
b) Green Label ATMs
c) Brown Label ATMs
d) Red Label ATMs
e) None of the above
31. What is the name of the asset which has remained NPA for a period exceeding 12 months?
a) Sub-standard
b) Doubtful asset
c) Loss asset
d) Critical Asset
e) None of the above
ANSWERS:
1) d; 2) d; 3) e; 4) d; 5) a; 6) d; 7) a; 8) c; 9) c; 10) a;
11) b; 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; 28) a; 29) d; 30) a; 31) b.
a) ICICI
b) Punjab National Bank
c) Corporation Bank
d) State Bank of India
e) Indian Overseas Bank
2. The purpose of SARFAESI Act 2002 is:
a) Recovery of dues in Education Loans only
b) Recovery term loans sanctioned for construction of infrastructure projects
c) Court permission is must before recovery of overudes in NPAs
d) Recovery of dues classified as non-performing assets without intervention of court
e) None of the above
3. A banknote, of which a portion is missing or which is composed of more than two pieces is called ?
a) Soiled Note
b) Cut Note
c) Duplicate Note
d) Bad Note
e) Mutilated banknote
4. Consumption loan under priority sector can be granted to..
a) Rural artisans
b) Small/Marginal farmers
c) Landless labourers
d) All
e) None
5. Which of the following is a borrowing facility/loan advance __?
a) Term finance
b) Performance guarantee
c) Bill received under letter of credit
d) All the above
e) None of the above
6. Collateral securities can be ___?
a) Tangible
b) Intangible in the shape of personal guarantee of a third party
c) Security given to get credit facilities/loan
d) All of the above
e) None of the above
7. A charge where there is neither the transfer of ownership nor the possession is called ______?
a) Hypothecation
b) Lien
c) Pledge
d) Mortgage
e) None of the above
8. As per the directives of Reserve bank of India, 'Notice deposit' shall mean:
a) The deposit withdrawable at the will of the depositor
b) The deposit repayable only after the bank gives notice to the depositor
c) Term deposit for specific period but with drawable on giving at least one complete banking day’s notice
d) None of the above
e) All of the above
9. Regional Rural Banks have been permitted to pay ½% additional interest on ____?
a) All deposits accounts except current deposits
b) All deposits accounts including current deposits
c) Saving account and time deposits of less than three years
d) All deposit accounts except Recurring Deposit Scheme
e) None of the above
10. Name the 9 digit numeric code that uniquely identifies a bank branch participating in electronic clearing scheme?
a) MICR
b) ECS
c) NEFT
d) IFSC
e) INFINET
11. What is the full form of the CORE word in Core Banking Solutions?
a) Core Online Real-time Exchange
b) Centralized Online Real-time Exchange
c) Central Online Real-time Exchange
d) Centralized Online Retail Exchange
e) None of the above
12. Which Bank scores a first, mortgage portfolio crossing Rs 1 lakh crore ?
a) State Bank of India
b) HDFC
c) CORPORATION BANK
d) ICICI
e) Punjab National Bank
13. A part of the issued capital of the Regional Rural Banks is subscribed as under___?
a) Fifty per cent by Central Government
b) Fifty per cent by State Government
c) Thirty per cent by sponsoring bank
d) All the above
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 o perations?
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. Account Holder of Which of the following accounts with a bank will be issued with ATM cards?
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
28. To control inflationary situation in the economy, RBI can increase one or more of these monetary tool?
a) CRR-SLR-Bank Rate
b) SLR-CRR-Base Rate
c) CRR-SLR-Repo Rate
d) CRR-SLR-Reverse Repo Rate
e) CRR-SLR-BPLR
29. Who can open various types of non-resident accounts?
a) Persons of Indian Nationality or person of Indian origin residing outside India
b) Persons of foreign nationality or origin residing outside India
c) Firms, companies and other organization resident outside India
d) a, b and c
e) None
30. ATMs which are set up, owned and operated by non-banks are called as?
a) White Label ATMs
b) Green Label ATMs
c) Brown Label ATMs
d) Red Label ATMs
e) None of the above
31. What is the name of the asset which has remained NPA for a period exceeding 12 months?
a) Sub-standard
b) Doubtful asset
c) Loss asset
d) Critical Asset
e) None of the above
ANSWERS:
1) d; 2) d; 3) e; 4) d; 5) a; 6) d; 7) a; 8) c; 9) c; 10) a;
11) b; 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; 28) a; 29) d; 30) a; 31) b.
