1. The Government share holding in National Investment Infrastructure Fund (NIIF) is going to be ___:
a) 40 %
b) 49%
c) 50%
d) 51%
e) 30%
2. Can nomination be made by an illiterate depositor?
a) Yes, by affixing his Thumb Impression without witness
b) Yes, by affixing his Thumb Impression with one witness
c) Yes, by affixing his Thumb Impression with two witnesses
d) No, such nomination may be under influence may not hold legal validity
e) At the discretion of the Branch Head
3. EXIM bank was established in the year?
a) 1957
b) 1992
c)1982
d) 1981
e) 1983
4. In 'Small Accounts' , balance at any point of time should not exceed ______:
a) Rs.50,000
b) Rs.1,00,000
c) Rs.10,000
d) Rs.25,000
e) None of these
5. As per RBI directives, banks are allowed opening a minor account subject to the following conditions. Which among the following is correct?
a) Only fixed, savings and recurring deposits accounts can be opened
b) Mother can also be accepted as a guardian
c) The accounts can also be opened in the guardianship of the mother, even if the father of the minor is living
d) Only a & b
e) All a, b & c
6. National Housing Bank monitors the performance of ___:
a) Liberalized Finance Scheme
b) Golden Jubilee Rural Housing Finance Scheme
c) Energy Efficient Housing Finance Scheme
d) Finance scheme for indirect loans
e) None of the above
7. Which among the following made the initial contribution for setting up Financial Inclusion
Fund and Financial Inclusion Technology Fund?
a) Government of India, NABARD and RBI
b) NABARD, UTI and RBI
c) SIDBI, Government of India and IDBI Bank
d) SIDBI, NABARD and UTI
e) NABARD, RIDF, RBI
8. National Housing Bank, a wholly- owned subsidiary of RBI started its operations from ___:
a) July, 1982
b) July, 1988
c) April, 1980
d) March, 1971
e) March, 1983
9. The Maturity period of Certificate of deposits issued by banks is seven days to one year, whereas
the certificate of deposits issued by Financial Institutions should be not less than One year and not exceeding ___:
a) 2 years
b) 3 years
c) 4 years
d) 6 years
e) None of the above
10. The Minimum capital requirement as per the final guidelines for Universal Banks is __:
a) Rs. 500 crore
b) Rs. 200 crore
c) Rs. 300 crore
d) Rs. 100 crore
e) Rs. 1000 crore
11. Which of the following statement is wrong relating to SIDBI.
a) SIDBI means Small Industries Development Bank of India
b) It was established on April 2, 1990
c) It is the principal financial institution for the promotion, financing and development of industry in the small-scale sector
d) Its Head Office is in Hyderabad
e) It has floated Credit Guarantee Fund Trust for Micro and Small Enterprises
12. Which of the following is a specific division of banking related to the creation of capital for other
companies, governments and other entities?
a) Merchant banking
b) Investment banking
c) Commercial banking
d) Wholesale banking
e) None of these
13. Name the first country which introduced plastic currency notes?
a) USA
b) UK
c) Russia
d) Australia
e) Germany
14. Authorized Dealers for foreign exchange transactions are appointed by:
a) Reserve Bank of India
b) Government of India
c) Individual Banks
d) FEDAI
e) None of the above
15. In terms of RBI Guidelines Banks should report credit information to Central Repository of
Information on Large Credits (CRILC) of the borrowers having aggregate fund based or non
fund based exposure of ____ once in a quarter.
a) Rs. 3 Crore and above
b) Rs. 5 Crore and above
c) Rs. 7 Crore and above
d) Rs. 8 Crore and above
e) Rs. 1 Crore and above
16. Which of the following loans are less risky from the bankers point of view?
a) Housing loans
b) Vehicle loans
c) Personal Loans
d) Credit Card advances
e) b & c
17. Insurance Regulatory and Development Authority of India was constituted in the year___:
a) 1938
b) 1971
c) 1993
d) 1999
e) 2000
18. Rajkiran Rai G will be taking charge as Managing Director & CEO of _____ from 1.7.2017
a) Union Bank of India
b) Syndicate Bank
c) Uco Bank
d) United Bank of India
e) Vijaya Bank
19. Interest Rate Risk in Banking Book (IRRBB) refers to which of the following?
a) Companies accounts books
b) Current or prospective risk to a bank's capital and earnings, arising from adverse movements in interest rates that affect banking book positions
c) Government accounts books
d) NGOs books
e) None of these
20. Under the Direct Benefit Transfer (DBT) in fertilizer sector, the subsidy will be released to whom?
a) Milk vendors
b) The fertilizer companies instead of the beneficiaries, after the sale is made by the retailers to the beneficiaries
c) NGOs
d) Gram Panchayats
e) None of these
21. When certain projects are not commercially viable Government may go in for funding
Public Private Partnership(PPP). Such fund is called as ___:
a) Bridge funding
b) Viability gap funding
c) Bonus funding
d) Premium funding
e) Ways and means funding
22. Balance in which of the following account is not repatriable?
a) NRO
b) FCNR
c) NRO
d) b & c
e) All the above
23. When a bank fails causing instability in the financial system, such risk is called ____:
a) Systemic Risk
b) Market Risk
c) Credit Risk
d) Operational Risk
e) Systematic Risk
24. Normally banks will not give big ticket loans for longer tenures as it may lead to:
a) Insolvency
b) Liquidation
c) Asset-Liability mismatch
d) Bank Run
e) All the above
25. Which of the following is not a credit facility extended for short duration?
a) Bridge Loan
b) Term Loan
c) Commercial Paper
d) Bill Discounting
e) None of the above
26. Sometimes after disbursing the loan, banks will give reasonable time to customers to start repayment of loan. Such repayment facility is known as ____:
a) Amortization
b) Leverage
c) Balloon payment
d) Moratorium
e) Bullet payment
27. RBI regulates ceiling limit of interest for _____ deposits.
a) Savings
b) Recurring
c) Fixed
d) FCNR(B)
e) None of the above
28. GSTN (Goods and Service net work) is managed by?
a) Tech Mahendra
b) Wipro
c) Infosys
d) TCS
e) HCL Technologies Ltd
29. Which of the following takes care of export credit risks?
a) ECGC
b) GIC Re
c) EXIM Bank
d) RBI
e) DGFT
30. When the window for granting licenses is open through out the year, it is categorized as:
a) Open-tap Licensing
b) Off-tap Licensing
c) On-tap Licensing
d) For-tap Licensing
e) Free-tap Licensing
31. ATM transactions are interchangeable among the banks and this is made possible because of:
a) NFS - National Financial Switch
b) SWIFT - Society for Worldwide Interbank Financial Telecommunication
c) NEFT - National Electronic Funds Transfer
d) SFMS - Structured Financial Messaging System
e) None of the above
32. A negotiable instrument can be transferred legally and is possible with__:
a) Encumbrance
b) Endorsement
c) Moratorium
d) Write off
e) Right of set off
33. Which of the following is not one among the cities where Rs. 10 plastic bank notes will be introduced?
a) Hyderabad
b) Mysore
c) Bhubaneswar
d) Shimla
e) Cochin
34. Governing Council for BCSBI is appointed by:
a) Finance Ministry
b) Reserve Bank of India
c) A panel headed by Cabinet Secretary
d) Cabinet Committee on appointments
e) Indian Banks Association
35. Which of the following depicts the financial position of a bank or business enterprise at a given
point of time?
a) Balance sheet
b) Cash flow statement
c) Income statement
d) Model audit
e) Profit & Loss Account
36. General crossing of a cheque means:
a) Two cross lines across the cheque
b) The cheque can have an abbreviation "& Co. "between the two parallel lines
c) The cheque can have the words "Not Negotiable" between the two parallel lines
d) Cash will not be paid across the counter
e) All the above
37. Which is the largest foreign bank in India?
a) American Express Bank Ltd.
b) DBS Bank Ltd.
c) HSBC Ltd.
d) Standard Chartered Bank
e) United Overseas Bank Ltd.
ANSWERS:
1) b 2) b 3) c 4) a 5) e 6) b 7) a 8) b 9) b 10) a
11) d 12) b 13) d 14) a 15) b 16) a 17) d 18) a 19) b 20) b
21) b 22) a 23) a 24) c 25) b 26) d 27) d 28) d 29) a 30) c
31) a 32) b 33) a 34) b 35) a 36) e 37) d
a) 40 %
b) 49%
c) 50%
d) 51%
e) 30%
2. Can nomination be made by an illiterate depositor?
a) Yes, by affixing his Thumb Impression without witness
b) Yes, by affixing his Thumb Impression with one witness
c) Yes, by affixing his Thumb Impression with two witnesses
d) No, such nomination may be under influence may not hold legal validity
e) At the discretion of the Branch Head
3. EXIM bank was established in the year?
a) 1957
b) 1992
c)1982
d) 1981
e) 1983
4. In 'Small Accounts' , balance at any point of time should not exceed ______:
a) Rs.50,000
b) Rs.1,00,000
c) Rs.10,000
d) Rs.25,000
e) None of these
5. As per RBI directives, banks are allowed opening a minor account subject to the following conditions. Which among the following is correct?
a) Only fixed, savings and recurring deposits accounts can be opened
b) Mother can also be accepted as a guardian
c) The accounts can also be opened in the guardianship of the mother, even if the father of the minor is living
d) Only a & b
e) All a, b & c
6. National Housing Bank monitors the performance of ___:
a) Liberalized Finance Scheme
b) Golden Jubilee Rural Housing Finance Scheme
c) Energy Efficient Housing Finance Scheme
d) Finance scheme for indirect loans
e) None of the above
7. Which among the following made the initial contribution for setting up Financial Inclusion
Fund and Financial Inclusion Technology Fund?
a) Government of India, NABARD and RBI
b) NABARD, UTI and RBI
c) SIDBI, Government of India and IDBI Bank
d) SIDBI, NABARD and UTI
e) NABARD, RIDF, RBI
8. National Housing Bank, a wholly- owned subsidiary of RBI started its operations from ___:
a) July, 1982
b) July, 1988
c) April, 1980
d) March, 1971
e) March, 1983
9. The Maturity period of Certificate of deposits issued by banks is seven days to one year, whereas
the certificate of deposits issued by Financial Institutions should be not less than One year and not exceeding ___:
a) 2 years
b) 3 years
c) 4 years
d) 6 years
e) None of the above
10. The Minimum capital requirement as per the final guidelines for Universal Banks is __:
a) Rs. 500 crore
b) Rs. 200 crore
c) Rs. 300 crore
d) Rs. 100 crore
e) Rs. 1000 crore
11. Which of the following statement is wrong relating to SIDBI.
a) SIDBI means Small Industries Development Bank of India
b) It was established on April 2, 1990
c) It is the principal financial institution for the promotion, financing and development of industry in the small-scale sector
d) Its Head Office is in Hyderabad
e) It has floated Credit Guarantee Fund Trust for Micro and Small Enterprises
12. Which of the following is a specific division of banking related to the creation of capital for other
companies, governments and other entities?
a) Merchant banking
b) Investment banking
c) Commercial banking
d) Wholesale banking
e) None of these
13. Name the first country which introduced plastic currency notes?
a) USA
b) UK
c) Russia
d) Australia
e) Germany
14. Authorized Dealers for foreign exchange transactions are appointed by:
a) Reserve Bank of India
b) Government of India
c) Individual Banks
d) FEDAI
e) None of the above
15. In terms of RBI Guidelines Banks should report credit information to Central Repository of
Information on Large Credits (CRILC) of the borrowers having aggregate fund based or non
fund based exposure of ____ once in a quarter.
a) Rs. 3 Crore and above
b) Rs. 5 Crore and above
c) Rs. 7 Crore and above
d) Rs. 8 Crore and above
e) Rs. 1 Crore and above
16. Which of the following loans are less risky from the bankers point of view?
a) Housing loans
b) Vehicle loans
c) Personal Loans
d) Credit Card advances
e) b & c
17. Insurance Regulatory and Development Authority of India was constituted in the year___:
a) 1938
b) 1971
c) 1993
d) 1999
e) 2000
18. Rajkiran Rai G will be taking charge as Managing Director & CEO of _____ from 1.7.2017
a) Union Bank of India
b) Syndicate Bank
c) Uco Bank
d) United Bank of India
e) Vijaya Bank
19. Interest Rate Risk in Banking Book (IRRBB) refers to which of the following?
a) Companies accounts books
b) Current or prospective risk to a bank's capital and earnings, arising from adverse movements in interest rates that affect banking book positions
c) Government accounts books
d) NGOs books
e) None of these
20. Under the Direct Benefit Transfer (DBT) in fertilizer sector, the subsidy will be released to whom?
a) Milk vendors
b) The fertilizer companies instead of the beneficiaries, after the sale is made by the retailers to the beneficiaries
c) NGOs
d) Gram Panchayats
e) None of these
21. When certain projects are not commercially viable Government may go in for funding
Public Private Partnership(PPP). Such fund is called as ___:
a) Bridge funding
b) Viability gap funding
c) Bonus funding
d) Premium funding
e) Ways and means funding
22. Balance in which of the following account is not repatriable?
a) NRO
b) FCNR
c) NRO
d) b & c
e) All the above
23. When a bank fails causing instability in the financial system, such risk is called ____:
a) Systemic Risk
b) Market Risk
c) Credit Risk
d) Operational Risk
e) Systematic Risk
24. Normally banks will not give big ticket loans for longer tenures as it may lead to:
a) Insolvency
b) Liquidation
c) Asset-Liability mismatch
d) Bank Run
e) All the above
25. Which of the following is not a credit facility extended for short duration?
a) Bridge Loan
b) Term Loan
c) Commercial Paper
d) Bill Discounting
e) None of the above
26. Sometimes after disbursing the loan, banks will give reasonable time to customers to start repayment of loan. Such repayment facility is known as ____:
a) Amortization
b) Leverage
c) Balloon payment
d) Moratorium
e) Bullet payment
27. RBI regulates ceiling limit of interest for _____ deposits.
a) Savings
b) Recurring
c) Fixed
d) FCNR(B)
e) None of the above
28. GSTN (Goods and Service net work) is managed by?
a) Tech Mahendra
b) Wipro
c) Infosys
d) TCS
e) HCL Technologies Ltd
29. Which of the following takes care of export credit risks?
a) ECGC
b) GIC Re
c) EXIM Bank
d) RBI
e) DGFT
30. When the window for granting licenses is open through out the year, it is categorized as:
a) Open-tap Licensing
b) Off-tap Licensing
c) On-tap Licensing
d) For-tap Licensing
e) Free-tap Licensing
31. ATM transactions are interchangeable among the banks and this is made possible because of:
a) NFS - National Financial Switch
b) SWIFT - Society for Worldwide Interbank Financial Telecommunication
c) NEFT - National Electronic Funds Transfer
d) SFMS - Structured Financial Messaging System
e) None of the above
32. A negotiable instrument can be transferred legally and is possible with__:
a) Encumbrance
b) Endorsement
c) Moratorium
d) Write off
e) Right of set off
33. Which of the following is not one among the cities where Rs. 10 plastic bank notes will be introduced?
a) Hyderabad
b) Mysore
c) Bhubaneswar
d) Shimla
e) Cochin
34. Governing Council for BCSBI is appointed by:
a) Finance Ministry
b) Reserve Bank of India
c) A panel headed by Cabinet Secretary
d) Cabinet Committee on appointments
e) Indian Banks Association
35. Which of the following depicts the financial position of a bank or business enterprise at a given
point of time?
a) Balance sheet
b) Cash flow statement
c) Income statement
d) Model audit
e) Profit & Loss Account
36. General crossing of a cheque means:
a) Two cross lines across the cheque
b) The cheque can have an abbreviation "& Co. "between the two parallel lines
c) The cheque can have the words "Not Negotiable" between the two parallel lines
d) Cash will not be paid across the counter
e) All the above
37. Which is the largest foreign bank in India?
a) American Express Bank Ltd.
b) DBS Bank Ltd.
c) HSBC Ltd.
d) Standard Chartered Bank
e) United Overseas Bank Ltd.
ANSWERS:
1) b 2) b 3) c 4) a 5) e 6) b 7) a 8) b 9) b 10) a
11) d 12) b 13) d 14) a 15) b 16) a 17) d 18) a 19) b 20) b
21) b 22) a 23) a 24) c 25) b 26) d 27) d 28) d 29) a 30) c
31) a 32) b 33) a 34) b 35) a 36) e 37) d
