1. Bank's Assets are classified into standard assets, substandard assets, doubtful assets and loss assets
based on the recommendations of _____ Committee.
a) Rangarajan
b) Narasimham
c) Ghosh
d) Tandon
e) RK Talwar
2. The Union Cabinet approved setting up the India Post Payments Bank (IPPB) as a Public Limited
Company under the Department of Posts in June 2016. What is the equity of Government of India in IPPB?
a) 33%
b) 49%
c) 51%
d) 74%
e) 100%
3. The World Bank has classified India as ____ economy.
a) Low-Income
b) High-Income
c) Lower-middle-Income
d) Upper-middle-Income
e) None of these
4. Which of the following has decided to set up IT Innovation Startup fund with a corpus of Rs. 200 crore for start-up in the Financial Technology (FinTech) space in June 2016?
a) Andhra Bank
b) Canara Bank
c) Punjab National Bank
d) State Bank of India
e) Bank of India
5. Which of the following launched India's first iris recognition powered tablet that can be used for various authentications - related process like e-KYC (Know Your Customer), e-sign and Other government services like Jan-Dhan Yojana and e-Citizen?
a) LG
b) Samsung
c) Toshiba
d) Dell
e) Apple
6. The Financial Development Index is published by which of the following organisations?
a) United Nation Development Organisation
b) World Health Organisation
c) World Economic Forum
d) United Nation Organisation
e) None of the above
7. CARE is a/an..?
a) Development Bank
b) Investment Bank
c) Credit Rating Agency
d) Share depository
e) None of the above
8. Which of the following are known as negotiable instrument?
a) Cheque
b) Bill of Exchange
c) Promissory notes
d) All of the above
e) None of the above
9. BCSBI (The Banking Codes and Standards Board of India) was set up as per the recommendations
of the committee which was headed by:
a) M Damodaran
b) S S Tarapore
c) C S Murthy
d) R K Talwar
e) Narasimham
10. Which of the following ACT is useful in foreign exchange market?
a) FERA
b) BR ACT 1949
c) FEMA
d) Negotiable Instrument
e) None of the above
11. When were the commercial papers first introduced?
a) 1999
b) 1898
c) 1990
d) 1989
e) None of These
12. Corporate Governance includes:
a) Regulatory governance
b) Market Governance
c) Stake holder governance
d) Internal Governance
e) All the above
13. Regardless of the mode of payment the Government of India has now (from 1st January, 2016)
made it mandatory, to quote PAN (Permanent Account Number) for all transaction in excess of:
a) Rs. 2.50 lakh
b) Rs. 1.50 lakh
c) Rs. 3.00 lakh
d) Rs. 2.00 lakh
e) Rs. 1.75 lakh
14. PM Narendra Modi recently released the guidelines for operationalisation of the PMFBY at a
"Kisan Kalyan Mela" Organised in the Indian state of:
a) Uttar Pradesh
b) Haryana
c) Himachal Pradesh
d) Punjab
e) Madhya Pradesh
15. With a view to facilitate Japanese Corporate looking to invest in India, State Bank of India has
recently launched a first-of-itskind initiative by setting up a "Japanese Desk". This "SBI -
Japan Desk" is based in:
a) Tokyo
b) New Delhi
c) Kolkata
d) Yokohama
e) Mumbai
16. A company which pools money from investors and invests in stocks, bonds, shares is not called as:
i) A bank
ii) An insurance company
iii) Mutual Fund
a) Only (i) and (ii)
b) Only (i) and (iii)
c) Only (ii) and (iii)
d) (i), (ii) and (iii)
e) None of the above
17. The Union Government has recently constituted 8-member interministerial committee to prepare a blueprint for doubling farmers' income by 2022. The committee will be headed by:
a) Abhay Kumar Singh
b) Durga Sakthi Nagpal
c) Rajeev Nayan Choubey
d) Anil Goswami
e) Ashok Dalwai
18. What is the present spread between Repo Rate & Reverse Repo Rate?
a) 100 basis points
b) 50 basis points
c) 200 basis points
d) 150 basis points
e) Not fixed
19. Identify the one which is NOT a monetary tool of the RBI.
a) Call Money
b) Repo Rate
c) Reverse Repo Rate
d) Cash Reserve Ratio
e) None of these
20. Which of the following Union Ministry of India recently launched India Aspiration Fund
(IAF) and SMILE scheme to aid small enterprises?
a) Ministry of Agriculture
b) Ministry of Finance
c) Ministry of Communication & Information Technology
d) Ministry of Human Resource Development
e) Ministry of Broadcasting
21. What are the conditions stipulated for accounts which are to be treated as "BSBDA-Small Account"?
a) Total credits in such accounts should not exceed Rs. 1,00,000 in a year
b) Maximum balance in the account should not exceed Rs. 50,000 at any time
c) The total of debits by way of cash withdrawals and transfers will not exceed ten thousand rupees in a month
d) Remittances from abroad cannot be credited to Small Accounts without completing normal KYC formalities
e) All the above
22. Which rating agency has downgraded the banking sector outlook to negative, from stable, due
to more downside risks emanating from rising stressed loans and weak corporate earnings?
a) ICRA
b) Fitch
c) CARE
d) CRISIL
e) None of the above
23. Which of the following banks will be raising Rs. 200 crore through issuance of equity shares
on preferential basis as per it's Board Decision passed on 5th July 2016?
a) Dhanlaxmi Bank
b) Dena Bank
c) Indian Overseas Bank
d) Indian Bank
e) United Bank of India
24. While addressing at an ASSOCHAM event who said, "There is a need to consider financial regulator like the Reserve Bank of India (RBI) to be audited"?
a) Sunil Kanoria, President ASSOCHAM
b) Sashikanth Sharma, CAG
c) C.P. Gurnani, Chairman, NASSCOM
d) Raghuram Rajan, Governor, RBI
e) Arun Jaitley, Finance Minister
25. Who is the Chairman of Allahabad Bank?
a) Rajiv Rishi
b) Rakesh Sethi
c) Suresh N. Patel
d) Melwya Rego
e) Arun Tiwari
26. The Head Office of New India Assurance Co. Ltd is located at:
a) Mumbai
b) Chennai
c) New Delhi
d) Hyderabad
e) Kolkata
27. ____ wants to close nearly half its India branches from 50 to 26, to focus on digital banking.
a) J.P. Morgan Chase Bank
b) DBS Bank
c) HSBC
d) City Bank
e) None of the above
28. Which of the following schemes are not meant for investment purposes?
a) National saving certificate
b) Mutual funds
c) Infrastructure bonds
d) Letter of credit
e) None of the above
29. Silviculture is related to:
a) Fruits and vegetables
b) Bee keeping
c) Silk
d) Forestry
e) Oil production
30. IDRBT (Institute for Development and Research in Banking Technology) located in Hyderabad is a wholly owned subsidiary of:
a) Reserve Bank of India
b) Indian Banks Association
c) Central Government
d) SEBI
e) IRDA
31. The punishment prescribed for the offence of Money laundering Act is:
a) 1 to 3 years
b) 2 to 4 years
c) 3 to 5 years
d) 4 to 6 years
e) 3 to 7 years
32. The penalty for dishonour of cheque under section 138 of NI Act is:
a) The amount of the cheque or one year imprisonment or both
b) Twice the amount of the cheque or one year imprisonment or both
c) Twice the amount of the cheque or two years imprisonment or both
d) Twice the amount of the cheque or six months imprisonment or both
e) None of the above
33. Which of the following is not sensitive commodity for purpose of Selective Credit Control?
a) Food grains i.e. cereals and pulses
b) Major oil seeds and oils thereof
c) Raw cotton and Kapas
d) Tea and Coffee
e) Only a and B
ANSWERS:
1) b 2) e 3) c 4) d 5) b 6) c 7) c 8) d 9) b 10) c
11) c 12) e 13) d 14) e 15) b 16) a 17) e 18) b 19) a 20) b
21) e 22) b 23) a 24) b 25) b 26) a 27) c 28) d 29) d 30) a
31) e 32) c 33) d
based on the recommendations of _____ Committee.
a) Rangarajan
b) Narasimham
c) Ghosh
d) Tandon
e) RK Talwar
2. The Union Cabinet approved setting up the India Post Payments Bank (IPPB) as a Public Limited
Company under the Department of Posts in June 2016. What is the equity of Government of India in IPPB?
a) 33%
b) 49%
c) 51%
d) 74%
e) 100%
3. The World Bank has classified India as ____ economy.
a) Low-Income
b) High-Income
c) Lower-middle-Income
d) Upper-middle-Income
e) None of these
4. Which of the following has decided to set up IT Innovation Startup fund with a corpus of Rs. 200 crore for start-up in the Financial Technology (FinTech) space in June 2016?
a) Andhra Bank
b) Canara Bank
c) Punjab National Bank
d) State Bank of India
e) Bank of India
5. Which of the following launched India's first iris recognition powered tablet that can be used for various authentications - related process like e-KYC (Know Your Customer), e-sign and Other government services like Jan-Dhan Yojana and e-Citizen?
a) LG
b) Samsung
c) Toshiba
d) Dell
e) Apple
6. The Financial Development Index is published by which of the following organisations?
a) United Nation Development Organisation
b) World Health Organisation
c) World Economic Forum
d) United Nation Organisation
e) None of the above
7. CARE is a/an..?
a) Development Bank
b) Investment Bank
c) Credit Rating Agency
d) Share depository
e) None of the above
8. Which of the following are known as negotiable instrument?
a) Cheque
b) Bill of Exchange
c) Promissory notes
d) All of the above
e) None of the above
9. BCSBI (The Banking Codes and Standards Board of India) was set up as per the recommendations
of the committee which was headed by:
a) M Damodaran
b) S S Tarapore
c) C S Murthy
d) R K Talwar
e) Narasimham
10. Which of the following ACT is useful in foreign exchange market?
a) FERA
b) BR ACT 1949
c) FEMA
d) Negotiable Instrument
e) None of the above
11. When were the commercial papers first introduced?
a) 1999
b) 1898
c) 1990
d) 1989
e) None of These
12. Corporate Governance includes:
a) Regulatory governance
b) Market Governance
c) Stake holder governance
d) Internal Governance
e) All the above
13. Regardless of the mode of payment the Government of India has now (from 1st January, 2016)
made it mandatory, to quote PAN (Permanent Account Number) for all transaction in excess of:
a) Rs. 2.50 lakh
b) Rs. 1.50 lakh
c) Rs. 3.00 lakh
d) Rs. 2.00 lakh
e) Rs. 1.75 lakh
14. PM Narendra Modi recently released the guidelines for operationalisation of the PMFBY at a
"Kisan Kalyan Mela" Organised in the Indian state of:
a) Uttar Pradesh
b) Haryana
c) Himachal Pradesh
d) Punjab
e) Madhya Pradesh
15. With a view to facilitate Japanese Corporate looking to invest in India, State Bank of India has
recently launched a first-of-itskind initiative by setting up a "Japanese Desk". This "SBI -
Japan Desk" is based in:
a) Tokyo
b) New Delhi
c) Kolkata
d) Yokohama
e) Mumbai
16. A company which pools money from investors and invests in stocks, bonds, shares is not called as:
i) A bank
ii) An insurance company
iii) Mutual Fund
a) Only (i) and (ii)
b) Only (i) and (iii)
c) Only (ii) and (iii)
d) (i), (ii) and (iii)
e) None of the above
17. The Union Government has recently constituted 8-member interministerial committee to prepare a blueprint for doubling farmers' income by 2022. The committee will be headed by:
a) Abhay Kumar Singh
b) Durga Sakthi Nagpal
c) Rajeev Nayan Choubey
d) Anil Goswami
e) Ashok Dalwai
18. What is the present spread between Repo Rate & Reverse Repo Rate?
a) 100 basis points
b) 50 basis points
c) 200 basis points
d) 150 basis points
e) Not fixed
19. Identify the one which is NOT a monetary tool of the RBI.
a) Call Money
b) Repo Rate
c) Reverse Repo Rate
d) Cash Reserve Ratio
e) None of these
20. Which of the following Union Ministry of India recently launched India Aspiration Fund
(IAF) and SMILE scheme to aid small enterprises?
a) Ministry of Agriculture
b) Ministry of Finance
c) Ministry of Communication & Information Technology
d) Ministry of Human Resource Development
e) Ministry of Broadcasting
21. What are the conditions stipulated for accounts which are to be treated as "BSBDA-Small Account"?
a) Total credits in such accounts should not exceed Rs. 1,00,000 in a year
b) Maximum balance in the account should not exceed Rs. 50,000 at any time
c) The total of debits by way of cash withdrawals and transfers will not exceed ten thousand rupees in a month
d) Remittances from abroad cannot be credited to Small Accounts without completing normal KYC formalities
e) All the above
22. Which rating agency has downgraded the banking sector outlook to negative, from stable, due
to more downside risks emanating from rising stressed loans and weak corporate earnings?
a) ICRA
b) Fitch
c) CARE
d) CRISIL
e) None of the above
23. Which of the following banks will be raising Rs. 200 crore through issuance of equity shares
on preferential basis as per it's Board Decision passed on 5th July 2016?
a) Dhanlaxmi Bank
b) Dena Bank
c) Indian Overseas Bank
d) Indian Bank
e) United Bank of India
24. While addressing at an ASSOCHAM event who said, "There is a need to consider financial regulator like the Reserve Bank of India (RBI) to be audited"?
a) Sunil Kanoria, President ASSOCHAM
b) Sashikanth Sharma, CAG
c) C.P. Gurnani, Chairman, NASSCOM
d) Raghuram Rajan, Governor, RBI
e) Arun Jaitley, Finance Minister
25. Who is the Chairman of Allahabad Bank?
a) Rajiv Rishi
b) Rakesh Sethi
c) Suresh N. Patel
d) Melwya Rego
e) Arun Tiwari
26. The Head Office of New India Assurance Co. Ltd is located at:
a) Mumbai
b) Chennai
c) New Delhi
d) Hyderabad
e) Kolkata
27. ____ wants to close nearly half its India branches from 50 to 26, to focus on digital banking.
a) J.P. Morgan Chase Bank
b) DBS Bank
c) HSBC
d) City Bank
e) None of the above
28. Which of the following schemes are not meant for investment purposes?
a) National saving certificate
b) Mutual funds
c) Infrastructure bonds
d) Letter of credit
e) None of the above
29. Silviculture is related to:
a) Fruits and vegetables
b) Bee keeping
c) Silk
d) Forestry
e) Oil production
30. IDRBT (Institute for Development and Research in Banking Technology) located in Hyderabad is a wholly owned subsidiary of:
a) Reserve Bank of India
b) Indian Banks Association
c) Central Government
d) SEBI
e) IRDA
31. The punishment prescribed for the offence of Money laundering Act is:
a) 1 to 3 years
b) 2 to 4 years
c) 3 to 5 years
d) 4 to 6 years
e) 3 to 7 years
32. The penalty for dishonour of cheque under section 138 of NI Act is:
a) The amount of the cheque or one year imprisonment or both
b) Twice the amount of the cheque or one year imprisonment or both
c) Twice the amount of the cheque or two years imprisonment or both
d) Twice the amount of the cheque or six months imprisonment or both
e) None of the above
33. Which of the following is not sensitive commodity for purpose of Selective Credit Control?
a) Food grains i.e. cereals and pulses
b) Major oil seeds and oils thereof
c) Raw cotton and Kapas
d) Tea and Coffee
e) Only a and B
ANSWERS:
1) b 2) e 3) c 4) d 5) b 6) c 7) c 8) d 9) b 10) c
11) c 12) e 13) d 14) e 15) b 16) a 17) e 18) b 19) a 20) b
21) e 22) b 23) a 24) b 25) b 26) a 27) c 28) d 29) d 30) a
31) e 32) c 33) d
