1. Gilt-edged securities can be used to maintain _______.
a) Repo Rate
b) CRR
c) Reverse Repo Rate
d) SLR
e) None of these
2. Which of the following is/are covered under the Consumer Protection Act?
a) Standard & Poor’s
b) Fitch
c) ICRA
d) ONICRA
e) Banking Services
3. Name the department that The Reserve Bank of India will be setting up from 1.4.2017 to deal
with non-compliance of various regulations of the central bank with a view to developing a sound framework and process for enforcement action?
a) Enforcement Department
b) Funds Department
c) Special Security Department
d) Surveillance Department
e) Special Note Issue Department
4. The Headquarters of Employees Provident Fund Organisation is located in ______
a) Mumbai
b) New Delhi
c) Chennai
d) Hyderabad
e) None of these
5. Which of the following is not included in Net Demand and Time Liabilities for calculation of CRR?
a) Paid up capital of the bank
b) Inter bank liability up to one year
c) Balance with off shore banking units
d) Both (a) & (b) only
e) All the above
6. Which state has become the first Indian State to establish cashless system for distribution of food
grains?
a) Karnataka
b) Kerala
c) Punjab
d) Gujarat
e) Chennai
7. Which of the following is the CRISIL's majority shareholder?
a) Standard & Poor's
b) Fitch
c) ICRA
d) ONICRA
e) Moody's
8. What is the rate of interest payable on the amount deposited by a person in PM Garib Kalyan Deposit Scheme (PMGKDS) 2016?
a) Savings bank rate
b) Term deposit rate
c) No interest
d) Bank discretion
e) Bank Rate + 1%
9. Which of the following institution has commenced operations as a Small Finance Bank (SFB)
with launch of five pilot branches in Bengaluru?
a) Bandhan Financial Services
b) Ujjivan Financial Services
c) Muthut Financial Services
d) IDFC Financial Services
e) None of the above
10. The maximum amount of compensation that can be awarded by an ombudsman except in case of
credit card is restricted is:
a) Rs. 5 lakh
b) Rs. 10 lakh
c) Rs. 20 lakh
d) Rs. 50 lakh
e) Rs. 15 lakh
11. Which of the following was the first development finance institution established by the Indian
government after independence?
a) PFC
b) ICRA
c) IDFC
d) IFCI
e) All of these
12. Power Finance Corporation Ltd (PFC) is a:
a) Private Bank
b) Scheduled Bank
c) Development Bank
d) Financial Services Company
e) None of these
13. The Headquarters of SME Rating Agency of India (SMERA) is in:
a) Mumbai
b) New Delhi
c) Chennai
d) Hyderabad
e) None of these
14. The government has approved 100% foreign direct investment (FDI) under the automatic route
for non-bank entities that operate cash machines subject to certain conditions in a bid to boost financial inclusion in the country. However A non-bank entity that aims to set up the so-called white
label automated teller machine (WLA) should have a net worth (the latest audited balance sheet) of at least:
a) Rs. 25 Crore
b) Rs. 50 Crore
c) Rs. 75 Crore
d) Rs. 100 Crore
e) Rs. 500 Crore
15. Amount deposited by a person in PM Garib Kalyan Deposit Scheme (PMGKDS) 2016, shall be
credited to:
a) Savings bank account of declarent
b) FD account of declarent
c) Bonds ledger account of declarent
d) Subsidiary general accounts of declarent
e) Depositor Education Awareness Fund
16. The Headquarters of Investment Information and Credit Rating Agency (ICRA) is in:
a) Mumbai
b) New Delhi
c) Chennai
d) Hyderabad
e) None of these
17. The period for which the account is to be deposited by a person in PM Garib Kalyan Deposit Scheme (PMGKDS) 2016 is:
a) One year
b) Two years
c) Three years
d) Four years
e) Five years
18. Investment Information and Credit Rating Agency (ICRA), is a ______
a) Private Limited Company
b) Scheduled Bank
c) Development Bank
d) Financial Services Company
e) Public Limited Company
19. In recent times, banks have taken steps to strengthen their defence against cyber-attacks, but the
diverse and ingenious nature of recent attacks has necessitated an ongoing review of the cyber
security landscape and emerging threats. In this connection RBI has decided to set up an Interdisciplinary Standing Committee on Cyber Security headed by:
a) R Gandhi
b) Ramesh Chandran
c) Subhir Gokaran
d) Meena Hemachandra
e) Rakesh Sethi
20. Which of the following terminology is not correct regarding CTS?
a) CHI-Clearing House Interface
b) PKI-Public Key Infrastructure
c) CTS-INDIA- Clearing and Transfer System in India
d) CTS – Cheque Truncation System
e) None of the above
21. Government securities are instruments issued by the government to borrow money from the market is also known as:
a) Gilt-edged securities
b) G – Secs
c) Bonds
d) Both (a) and (b)
e) Both (b) and (c)
22. Which of the following is not correct regarding complaints to a banking ombudsman?
a) Complaint can be made by central Govt also
b) Complaint can be made by RBI also
c) Complaint can be made through electronic means also
d) Complaint can be made through a lawyer
e) None of the above
23. An initiative for meeting aspirations and need of women entrepreneurs which will leverage technology for showcasing products made/ manufactured/ sold by women entrepreneurs is called:
a) Mahila e-Haat
b) Female e-Haat
c) Marketing e-Haat
d) Entrepreneur's e-Haat
e) None of the above
24. Banks located in jurisdictions with low taxation and regulation is known as:
a) Private Banks
b) Offshore banks
c) Community Development Bank
d) All of these
e) None of these
25. RDAis a channel to receive cross - border remittances from overseas jurisdictions. What does
RDA stands for?
a) Rupee Divestment Arrangement
b) Rupee Drawing Arrangement
c) Reverse Drawing Arrangement
d) Rupay Drawing Arrangement
e) Rural Drawing Arrangement
26. What is the limit on the amount of money and number of remittances which can be sent under
MTSS(Money Transfer Service Scheme)?
a) A cap of USD 2,500 and thirty remittances during a calendar year
b) A cap of USD 1,500 and twenty remittances during a calendar year
c) A cap of USD 1,000 and twelve remittances during a calendar year.
d) A cap of USD 500 and ten remittances during a calendar year
e) A cap of USD 100 and one remittance during a calendar year
27. Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note. In which year Commercial Paper was introduced in India?
a) 1975
b) 1990
c) 1985
d) 1955
e) 1980
28. The Principal Accounts of Central and State Governments are maintained by:
a) IDBI
b) SBI
c) SIDBI
d) NABARD
e) RBI
29. Under which Act National Payments Corporation of India(NPCI) was incorporated?
a) Banking Regulation Act, 1949
b) Companies Act 1956 (Amended in 2013)
c) Reserve Bank of India Act, 1934
d) Societies Registration Act, 1860
e) Negotiable Instruments Act 1881
30. Who is the Chairman of BCSBI (Banking Codes and standard board of India) established in the
year 2006?
a) AC Mahajan
b) SS Tarapore
c) SS Mundra
d) Yogender Tripati
e) Harpreet Singh
31. The Basel III capital regulations which are to be implemented fully by 31st March 2019 has
been implemented in India with effect from:
a) April 1st, 2011
b) April 1st, 2012
c) April 1st, 2013
d) April 1st, 2014
e) April 1st, 2015
32. Which of the following is not correct in respect of Deposit Insurance and Credit Guarantee Corporation?
a) Premium is paid by Banks
b) Premium paid is @ 10 paise for every Rs 100/-.
c) Deposits of Central and State Governments are covered under DICGC
d) Under DICGC Act, the Corporation has the power to cancel the registration of an insured bank if it fails to pay the premium for three consecutive half-year periods
e) None of the above
33. FCNR accounts are meant for Term Deposits & maintained in Foreign Currency. Accordingly
the payment of interest is effected in:
a) Indian Rupee
b) Only in Pound (£)
c) Same currency in which deposit is maintained
d) Yen
e) None of the above
ANSWERS:
1) d 2) e 3) a 4) b 5) e 6) d 7) a 8) c 9) b 10) b
11) d 12) d 13) a 14) d 15) c 16) b 17) d 18) e 19) d 20) c
21) d 22) d 23) a 24) b 25) b 26) a 27) b 28) e 29) b 30) a
31) c 32) c 33) c
a) Repo Rate
b) CRR
c) Reverse Repo Rate
d) SLR
e) None of these
2. Which of the following is/are covered under the Consumer Protection Act?
a) Standard & Poor’s
b) Fitch
c) ICRA
d) ONICRA
e) Banking Services
3. Name the department that The Reserve Bank of India will be setting up from 1.4.2017 to deal
with non-compliance of various regulations of the central bank with a view to developing a sound framework and process for enforcement action?
a) Enforcement Department
b) Funds Department
c) Special Security Department
d) Surveillance Department
e) Special Note Issue Department
4. The Headquarters of Employees Provident Fund Organisation is located in ______
a) Mumbai
b) New Delhi
c) Chennai
d) Hyderabad
e) None of these
5. Which of the following is not included in Net Demand and Time Liabilities for calculation of CRR?
a) Paid up capital of the bank
b) Inter bank liability up to one year
c) Balance with off shore banking units
d) Both (a) & (b) only
e) All the above
6. Which state has become the first Indian State to establish cashless system for distribution of food
grains?
a) Karnataka
b) Kerala
c) Punjab
d) Gujarat
e) Chennai
7. Which of the following is the CRISIL's majority shareholder?
a) Standard & Poor's
b) Fitch
c) ICRA
d) ONICRA
e) Moody's
8. What is the rate of interest payable on the amount deposited by a person in PM Garib Kalyan Deposit Scheme (PMGKDS) 2016?
a) Savings bank rate
b) Term deposit rate
c) No interest
d) Bank discretion
e) Bank Rate + 1%
9. Which of the following institution has commenced operations as a Small Finance Bank (SFB)
with launch of five pilot branches in Bengaluru?
a) Bandhan Financial Services
b) Ujjivan Financial Services
c) Muthut Financial Services
d) IDFC Financial Services
e) None of the above
10. The maximum amount of compensation that can be awarded by an ombudsman except in case of
credit card is restricted is:
a) Rs. 5 lakh
b) Rs. 10 lakh
c) Rs. 20 lakh
d) Rs. 50 lakh
e) Rs. 15 lakh
11. Which of the following was the first development finance institution established by the Indian
government after independence?
a) PFC
b) ICRA
c) IDFC
d) IFCI
e) All of these
12. Power Finance Corporation Ltd (PFC) is a:
a) Private Bank
b) Scheduled Bank
c) Development Bank
d) Financial Services Company
e) None of these
13. The Headquarters of SME Rating Agency of India (SMERA) is in:
a) Mumbai
b) New Delhi
c) Chennai
d) Hyderabad
e) None of these
14. The government has approved 100% foreign direct investment (FDI) under the automatic route
for non-bank entities that operate cash machines subject to certain conditions in a bid to boost financial inclusion in the country. However A non-bank entity that aims to set up the so-called white
label automated teller machine (WLA) should have a net worth (the latest audited balance sheet) of at least:
a) Rs. 25 Crore
b) Rs. 50 Crore
c) Rs. 75 Crore
d) Rs. 100 Crore
e) Rs. 500 Crore
15. Amount deposited by a person in PM Garib Kalyan Deposit Scheme (PMGKDS) 2016, shall be
credited to:
a) Savings bank account of declarent
b) FD account of declarent
c) Bonds ledger account of declarent
d) Subsidiary general accounts of declarent
e) Depositor Education Awareness Fund
16. The Headquarters of Investment Information and Credit Rating Agency (ICRA) is in:
a) Mumbai
b) New Delhi
c) Chennai
d) Hyderabad
e) None of these
17. The period for which the account is to be deposited by a person in PM Garib Kalyan Deposit Scheme (PMGKDS) 2016 is:
a) One year
b) Two years
c) Three years
d) Four years
e) Five years
18. Investment Information and Credit Rating Agency (ICRA), is a ______
a) Private Limited Company
b) Scheduled Bank
c) Development Bank
d) Financial Services Company
e) Public Limited Company
19. In recent times, banks have taken steps to strengthen their defence against cyber-attacks, but the
diverse and ingenious nature of recent attacks has necessitated an ongoing review of the cyber
security landscape and emerging threats. In this connection RBI has decided to set up an Interdisciplinary Standing Committee on Cyber Security headed by:
a) R Gandhi
b) Ramesh Chandran
c) Subhir Gokaran
d) Meena Hemachandra
e) Rakesh Sethi
20. Which of the following terminology is not correct regarding CTS?
a) CHI-Clearing House Interface
b) PKI-Public Key Infrastructure
c) CTS-INDIA- Clearing and Transfer System in India
d) CTS – Cheque Truncation System
e) None of the above
21. Government securities are instruments issued by the government to borrow money from the market is also known as:
a) Gilt-edged securities
b) G – Secs
c) Bonds
d) Both (a) and (b)
e) Both (b) and (c)
22. Which of the following is not correct regarding complaints to a banking ombudsman?
a) Complaint can be made by central Govt also
b) Complaint can be made by RBI also
c) Complaint can be made through electronic means also
d) Complaint can be made through a lawyer
e) None of the above
23. An initiative for meeting aspirations and need of women entrepreneurs which will leverage technology for showcasing products made/ manufactured/ sold by women entrepreneurs is called:
a) Mahila e-Haat
b) Female e-Haat
c) Marketing e-Haat
d) Entrepreneur's e-Haat
e) None of the above
24. Banks located in jurisdictions with low taxation and regulation is known as:
a) Private Banks
b) Offshore banks
c) Community Development Bank
d) All of these
e) None of these
25. RDAis a channel to receive cross - border remittances from overseas jurisdictions. What does
RDA stands for?
a) Rupee Divestment Arrangement
b) Rupee Drawing Arrangement
c) Reverse Drawing Arrangement
d) Rupay Drawing Arrangement
e) Rural Drawing Arrangement
26. What is the limit on the amount of money and number of remittances which can be sent under
MTSS(Money Transfer Service Scheme)?
a) A cap of USD 2,500 and thirty remittances during a calendar year
b) A cap of USD 1,500 and twenty remittances during a calendar year
c) A cap of USD 1,000 and twelve remittances during a calendar year.
d) A cap of USD 500 and ten remittances during a calendar year
e) A cap of USD 100 and one remittance during a calendar year
27. Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note. In which year Commercial Paper was introduced in India?
a) 1975
b) 1990
c) 1985
d) 1955
e) 1980
28. The Principal Accounts of Central and State Governments are maintained by:
a) IDBI
b) SBI
c) SIDBI
d) NABARD
e) RBI
29. Under which Act National Payments Corporation of India(NPCI) was incorporated?
a) Banking Regulation Act, 1949
b) Companies Act 1956 (Amended in 2013)
c) Reserve Bank of India Act, 1934
d) Societies Registration Act, 1860
e) Negotiable Instruments Act 1881
30. Who is the Chairman of BCSBI (Banking Codes and standard board of India) established in the
year 2006?
a) AC Mahajan
b) SS Tarapore
c) SS Mundra
d) Yogender Tripati
e) Harpreet Singh
31. The Basel III capital regulations which are to be implemented fully by 31st March 2019 has
been implemented in India with effect from:
a) April 1st, 2011
b) April 1st, 2012
c) April 1st, 2013
d) April 1st, 2014
e) April 1st, 2015
32. Which of the following is not correct in respect of Deposit Insurance and Credit Guarantee Corporation?
a) Premium is paid by Banks
b) Premium paid is @ 10 paise for every Rs 100/-.
c) Deposits of Central and State Governments are covered under DICGC
d) Under DICGC Act, the Corporation has the power to cancel the registration of an insured bank if it fails to pay the premium for three consecutive half-year periods
e) None of the above
33. FCNR accounts are meant for Term Deposits & maintained in Foreign Currency. Accordingly
the payment of interest is effected in:
a) Indian Rupee
b) Only in Pound (£)
c) Same currency in which deposit is maintained
d) Yen
e) None of the above
ANSWERS:
1) d 2) e 3) a 4) b 5) e 6) d 7) a 8) c 9) b 10) b
11) d 12) d 13) a 14) d 15) c 16) b 17) d 18) e 19) d 20) c
21) d 22) d 23) a 24) b 25) b 26) a 27) b 28) e 29) b 30) a
31) c 32) c 33) c
