New India Assurance Company Ltd. Recruitment of Assistants Posts

New India Assurance Company Ltd. has invited applications for the recruitment of Assistant vacancies.

Post Details:
Assistant: 984 Posts

Qualification: Graduate from recognized University. Knowledge of Regional Language of the Sate of Recruitment is essential.

Age (As on 30.06.2016): Minimum age 18 years, Maximum age 30 years.

How to Apply: Candidates apply though online mode only.

Online Registration commences: From 06.03.2017 to 29.03.2017.

Date of Tier I Examination (Preliminary): 22.04.2017 and 23.04.2017.
Date of Tier II Examination (Main): 23.05.2017.

For more Details Click Here

BANK EXAMS GENERAL AWARENESS PRACTICE MCQs

1. Justice Girish Chandra Gupta was sworn in as the Chief Justice of which High Court?
A) Madras High Court
B) Delhi High Court
C) Guwahati High Court
D) Calcutta High Court
E) Jabalpur High Court

2. Who is appointed chairman of Insolvency and Bankruptcy Board?
A) M.S. Sahoo
B) DP Agarwal
C) Geeta Menon
D) Arun Mudghal
E) Deepak Gupta

3. Who is to be honoured with Lata Mangeshkar Award for Lifetime Achievement?
A) Hariharan
B) Rajesh Roshan
C) Uttam Singh
D) Anuradha Paudwal
E) None

4. Who was conferred France's prestigious Chevalier dans I'Ordre des Arts et des Lettres (Knight of the Order of Arts and Letters) award?
A) Sheikh Ahmad Muhammad El-Tayeb
B) Salman bin Abdul-Aziz Al-Saud
C) Ayatollah Ali Khamenei
D) Sajid Nadiadwala
E) Sheikh Mohammed bin Zayed Al Nahyan

5. Which life Insurance has launched a 'cancer shield plan' for protection against any possible risk?
A) LIC
B) ICICI Lombard Health Insurance
C) Birla Sun Life Insurance
D) Reliane Life Insurance
E) None

6. Karur Vysya Bank ties up with which of the following bank to strengthen its lending to smaller enterprises?
A) Small Finance Bank
B) Indian Post Payment Bank
C) Yes Bank
D) Indian Bank
E) None

7. Which ministry has appointed ICICI Prudential Asset Management Company Ltd as the asset management company for the creation and launch of a new Exchange Traded Fund (ETF)?
A) Ministry of finance
B) Labour ministry
C) Commerce ministry
D) Cabinet ministry
E) None

8. Which bank approved a loan of $631 million for building India's first coastal industrial corridor between Visakhapatnam and Chennai?
A) Asian Infrastructure Development Bank
B) Asian Development Bank
C) World Bank
D) New Development Bank
E) None

9. 'Shanti ki Talaash mein Zindagi' book was written by...
A) Vikram Seth
B) Jhumpa Lahiri
C) Aravind Adiga
D) Radhika Nagrath
E) Upamanyu Chatterjee

10. Max Walker, who recently passes away, belongs to which country?
A) Australia
B) England
C) South Africa
D) New Zealand
E) West Indies

11. Rays Power Infra launches 100 MW solar project in which state?
A) Uttarakhand
B) Kerala
C) Himachal Pradesh
D) Assam
E) Tripura

12. Messaging app ALLO was launched by .......
A) Microsoft
B) Oracle
C) BME
D) Google
E) Apple

13. BEL to set up night vision products unit in....
A) Uttarakhand
B) Kerala
C) Himachal Pradesh
D) Andhra Pradesh
E) Tripura

14. Which company investments in online food delivery startup Swiggy?
A) Tata arm
B) Amazon
C) Flipkart
D) Swift arsire
E) Rcom

15. Which of the following country has ratified the multilateral convention on administrative assistance in taxation matters?
A) Afghanistan
B) Malaysia
C) New Zealand
D) Switzerland
E) Philippines

16. Name the typhoon which makes landfall in Taiwan is........
A) Megi
B) Meranti
C) Nida
D) Hudood
E) Rauma

17. Vice President Hamid Ansari to address National Assembly of which of the following country?
A) France
B) Tajikistan
C) Kenya
D) China
E) Mali

18. The Ksheer Tester belongs to which of the following ministry?
A) Ministry of Law & Justice, Electronics & Information Technology
B) Ministry of Statistics & Programme Implementation
C) Ministry of Consumer Affairs, Food and Public Distribution
D) Ministry of Science & Technology and Earth Sciences
E) None of the above

19. Mission Parivar Vikas comes under which of the following ministry?
A) Ministry of Urban Development, Housing and Urban Poverty Alleviation, Information & Broadcasting
B) Ministry of Statistics & Programme Implementation
C) Ministry of Water Resources, River Development and Ganga Rejuvenation
D) Ministry of Women and Child Development
E) Ministry of Health and Family Welfare

20. PM approves constitution of how many committees for commemoration of birth centenary of Pandit Deendayal Upadhyay?
A) 3
B) 2
C) 4
D) 5
E) 1

21. Centre released ......... cr for Building Toilets along Ganga.
A) 325
B) 345
C) 315
D) 335
E) 215

22. National Mission on Bioeconomy was launched in Shillong by the Institute of Bioresources and Sustainable Development (IBSD) under which of the following Ministry?
A) Ministry of Finance
B) Ministry of Chemicals and Fertilizers
C) Ministry of Science and Technology
D) Ministry of Bioscience
E) None of the above

23. 'Param-Ishan' supercomputing facility has launched by Union Government in which IIT college recently?
A) IIT Guwahati
B) IIT Madras
C) IIT Indore
D) IIT Delhi
E) IIT Bombay

24. Who inaugurated Punjab 100 - acre mega Food Park at Ludhiana?
A) Ravi Shankar Prasad
B) Sadananda Gowda
C) Narendra Singh Tomar
D) Kalraj Mishra
E) Harsimrat Kaur Badal

25. Which of the following person who has been taken charge as Executive Director in Union Bank of India?
A) Arun Tiwari
B) Vinod Kathuria
C) Raj Kamal Verma
D) Atul Kumar Goel
E) None

26. Recently which of the following metro railway station was renamed as Lok Kalyan Marg Metro station?
A) East Course Metro Station
B) Race Course Metro Station
C) North course metro Station
D) MG Metro Station
E) None

27. Name the Polar Satellite Launch Vehicle carrying three satellites from India, three from Algeria and one each from Canada and the US from Sriharikota in Andhra Pradesh?
A) C35
B) C36
C) C33
D) C38
E) C34

28. Virat Kohli appointed as the brand ambassador of which of the following bank?
A) Punjab National Bank
B) Indian Overseas Bank
C) Bank of Maharashtra
D) Bank of Baroda
E) None of the above

29. In which country, the world's first child with genes from three people was born?
A) Mexico
B) China
C) USA
D) South Africa
E) Russia

30. North East Connectivity Summit kicks-off in which of the following state?
A) Meghalaya
B) Manipur
C) Arunachal Pradesh
D) Assam
E) Tripura

31. Global Innovation Conference 2017 will be held in which of the following country?
A) Cyprus
B) Denmark
C) Singapore
D) Turkey
E) South Africa

32. What is the theme of 2016 World Tourism Day?
A) Tourism For All - Promoting Universal Accessibility
B) One Billion Tourists, One Billion Opportunities
C) Tourism And Community Development
D) Tourism And Water: Protecting Our Common Future
E) Needs Tourism For All

33. India marked their historic 500th Test over New Zealand in which stadium?
A) Maracana Stadium
B) Green Park Stadium
C) North Harber Stadium
D) Eden Garden Stadium
E) Feroz Shah Kotla Stadium

34. Who won the doubles title of the Pan Pacific Open title in Tokyo?
A) Martina Hingis & Barbora Strycova
B) Sania Mirza & Martina Hingis
C) T. Bacsinszky & M. Hingis
D) Zhaoxuan Yang & Chen Liang
E) Sania Mirza & Barbora Strycova

35. Which country won Under-18 hockey Asia Cup?
A) India
B) Bangladesh
C) Pakisthan
D) Nepal
E) Bhutan

36. Apollo Hospitals and KOS Group of Italy announced the opening of an exclusive rehabilitation centre for post-operation care to patients in which city?
A) Vijayawada
B) Tirupati
C) Hyderabad
D) Visakhapatnam
E) Warangal

37. Which of the following state get new postal circle?
A) Telangana
B) Andhra Pradesh
C) Madhya Pradesh
D) Uttar Pradesh
E) Arunachal Pradesh

38. Which of the following Indian state registers highest unemployment rate in 2015-16?
A) Assam
B) Tripura
C) Telangana
D) Tamil Nadu
E) Sikkim

39. Which of the following city is the wealthiest city in India?
A) Chennai
B) Kochin
C) Mumbai
D) Delhi
E) Hyderabad

40. Name the Indian city, which has the most polluted city in India by WHO?
A) Chennai
B) Mumbai
C) Hyderabad
D) Gwalior
E) Delhi

41. Increase in population during 2001- 11...
A) 172 millions
B) 181 millions
C) 176 millions
D) 193 millions
E) None

42. Which airport was earlier known as Palam International airport?
A) Dr. Babasaheb Ambedkar International Airport.
B) Lal Bahadur Shastri International Airport.
C) Netaji Subhash Chandra Bose International Airport.
D) Indira Gandhi International Airport.
E) Rajiv Gandhi International Airport.

43. India's First Satellite Launch station built at-
A) Thumba
B) Srihari kota
C) Balasore
D) Ahmedabad
E) Chennai

ANSWERS:
1-D, 2-A, 3-C, 4-D, 5-C, 6-A, 7-A, 8-B, 9-D, 10-A
11-A, 12-D, 13-D, 14-B, 15-D, 16-A, 17-E, 18-D, 19-E, 20-B
21-C, 22-C, 23-A, 24-E, 25-D, 26-B, 27-C, 28-A. 29-A, 30-E
31-D, 32-A, 33-B, 34-E, 35-A, 36-C, 37-A, 38-B, 39-C, 40-D, 41-B, 42-D, 43-A.

GENERAL AWARENESS PRACTICE QUESTIONS FOR ALL BANK EXAMS

1. Regional Rural Banks were established under the President of India Ordinance issued in ..................
1) 1985
2) 1990
3) 1975
4) 1935
5) 1955

2. In which year, the RRB Act was passed with a view to develop the rural economy by providing,
for the purpose of development of agriculture, trade, commerce, industry and other productive activities in the rural areas?
1) 1982
2) 2015
3) 1990
4) 1976
5) 1935

3. First Regional Rural Bank - Prathama Bank opened on 2 October 1975 in the district of Moradabad in...............
1) Uttar Pradesh
2) Karnataka
3) Andhra Pradesh
4) Tamilnadu
5) MP

4. Central government stake in RRB is ............
1) 40%
2) 80%
3) 50%
4) 100%
5) 20%

5. State government stake in the RRB is ....... percent.
1) 50
2) 35
3) 40
4) 15
5) 100

6. Sponsored bank stake in RRB is ........
1) 30%
2) 40%
3) 100%
4) 35%
5) 15%

7. Financial regulation of RRBs seen after by......
1) RBI
2) SEBI
3) PFRDA
4) IBRD
5) NHB

8. Supervisory powers of RRBs have been vested with.........
1) PFRDA
2) SIDBI
3) ODA
4) NABARD
5) CCI

9. Find the wrong combination relating to the RRB and its sponsored Bank.
1) Andhra Pradesh Grameena Vikas Bank - ICICI
2) Andhra Pragathi Grameena Bank - Syndicate Bank
3) Telangana Grameena Bank - SBH
4) Chaitanya Godavari Grameena Bank - Andhra Bank
5) Saptagiri Grameena Bank - Indian Bank

10. RBI in 2001 constituted a Committee under the Chairmanship of ........ on 'Flow of Credit to Agriculture and Related Activities from the Banking System' which examined relevance of RRBs in the rural credit system and the alternatives for making it viable.
1) Chakrabarty
2) Narasimhan
3) Dr V S Vyas
4) Rangarajan
5) Usha Thorat

11. NRBI mooted for the efficient working of RRBs. NRBI means ..........
1) National Regional Bank of India
2) Now Rural Bank of India
3) National Run Bank of India
4) National Rural Bank of India
5) None

12. RRB Act passed in April 2015 facilitates raising the share capital of RRBs from the Rs. 5 crore to ...........
1) Rs.500 crore
2) Rs.400 crore
3) Rs.2,000 crore
4) Rs.100 crore
5) Rs. 50 crore

13. India's Ambassador to UN Conference on Disarmament, Geneva is....
1) Syed Akabruddin
2) Navtej Singh
3) Dinesh K Patnaik
4) Amandeep Singh Gill
5) Sushma Swaraj

14. As per the revised guidelines of Reserve Bank of India, the priority sector lending target for Regional Rural Banks (RRBs) increased to .................. from the earlier target of 60%.
1) 75%
2) 80%
3) 100%
4) 90%
5) 95%

15. The Priority sector lending of RRBs include the loans given to .....
1) Agriculture
2) Micro, small and medium enterprises
3) Housing
4) Weaker sections
5) All of above

16. As per the new norms released, Rural banks have to advance ...... of total outstanding towards agricultural activities as part of Priority Sector Lending.
1) 18%
2) 15%
3) 25%
4) 7%
5) 10%

17. A target of .......... percent of total outstanding must be given to micro enterprises as part of Priority Sector Lending by RRBs
1) 7.5%
2) 10.5%
3) 6.8%
4) 8.2%
5) 11.5%

18. How much percent of total outstanding must be given to weaker sections as per the new
norms of Priority Sector Lending by RRBs?
1) 20%
2) 12%
3) 15%
4) 9%
5) 10%

19. Central Vigilance Commission on 31 October 2016 declared that it is mandatory for public sector banks to report to it, in all such matters involving funds over ........
1) Rs.50 Lakhs
2) Rs.25 Lakhs
3) Rs.1 crore
4) Rs.10 Lakhs
5) Rs.20 Lakhs

20. Union Government and ......... signed $ 650 million loan agreement for the development of 1839 kilometres Eastern Dedicated Freight Corridor-III (EDFC-III) Project.
1) World Bank
2) NDB
3) IMF
4) ADB
5) AIIB

21. India and Myanmar signed three Agreements during India visit of state Counsellor of Myanmar Aung San Suu Kyi. The agreements are in the fields of insurance, power and ........
1) Infrastructure
2) Lake development
3) Information Technology
4) Banking
5) Disaster Management

22. Three year action plan of the NITI Aayog will kick start from which fiscal year as announced on 25 October 2016?
1) 2018-19
2) 2020-21
3) 2019-20
4) 2025-26
5) 2017-18

23. Finance Ministry returned a proposal of NITI Aayog for strategic disinvestment of the Centre's stake in CONCOR on the ground, that the move could potentially lead to a public sector monopoly becoming a private sector monopoly. In this context, CONCOR stands for ..................
1) Container Corporation of India Ltd
2) Coastal Corporation of India Ltd
3) Container Consortium of India Ltd
4) Cable Corporation of India Ltd
5) Container Console of India Ltd

24. Niti Aayog stands for .............
1) National Integration for Transforming India
2) National Institution for Turning India
3) Nordic Institution for Transforming India
4) National Institution for Transforming India
5) National Institution for Transforming Initiation

25. NITI Aayog constituted to replace the Planning Commission instituted in 1950. The replacement was done in order to better serve the needs and aspirations of the people of India. Who is the chairman of NITI Aayog?
1) Finance Minister
2) Union Minister for Trade and Commerce
3) Director, Enforcement Directorate
4) Prime Minister
5) Minister of State for Finance

26. NITI Aayog was formed via a resolution of the Union Cabinet on 1 January ...........
1) 1950
2) 1964
3) 1997
4) 2015
5) 2012

27. With a view to bringing the CRAR of RRBs to at least 9%, which committee recommended recapitalisation support to the extent of Rs. 2,200 crore to 40 RRBs in 21 States?
1) Usha Thorat
2) Narasimhan
3) K C Chakrabarty
4) H R Khan
5) Bibek Debroy

28. Who is CEO of NITI Aayog, who worked recently as Secretary, Department of Industrial Policy and Promotion (DIPP)?
1) Ajay Bhushan Pandey
2) A S Kiran Kumar
3) Amitabh Kant
4) Satya Nadella
5) Sunder Pitchai

29. Which of the following books not written by Arvind Panagariya?
1) India's Tryst with Destiny
2) Sweet Dreams : A Bedtime Storybook Collection
3) Eclipse
4) State Level Reforms, Growth and Development in Indian States
5) Regionalism in Trade Policy : Essays on Preferential Trading

30. NITI Aayog constituted the Task Force on Agriculture Development, headed by ........
1) Raghuram Rajan
2) Amith Mithra
3) Radha Mohan Singh
4) Arvind Panagariya
5) Prakash Singh Badal

31. Full time Members of NITI Aayog are Prof. Ramesh Chand, Prof.V.K.Saraswat and ......
1) Bibek Debroy
2) Pami Dua
3) Chetan Ghate
4) Ravindra Dholakia
5) Michael Debabrata Patra

32. Rashtriya Ekta Diwas observed on ....... with 'Integration of India' as the theme, the day is
the birth day of Sardar Vallabhai Patel.
1) 15 September
2) 5 September
3) 31 October
4) 2 October
5) 14 November

33. First meeting of National Committee on Trade Facilitation (NCTF) stressed the need for higher standards of excellence so that the trade eco system becomes more growth oriented. Who is the chairman of NCTF?
1) Cabinet Secretary P.K.Sinha
2) Finance Secretary Ashok Lavasa
3) Finance Minister Arun Jaitley
4) Minister of State for Finance Santosh Kumar Gangwar
5) Minister of State for Communications Manoj Sinha

34. NCTF is a mandatory requirement under Article 23.2 of the WTO Agreement on Trade Facilitation and NCTF secretariat located at ........
1) Hyderabad
2) Chennai
3) Mumbai
4) New Delhi
5) Guwahati

35. 2017 WTO Ministerial Conference host nation is ..........................
1) India
2) Argentina
3) Germany
4) Japan
5) Switzerland

36. WTO head office located at Geneva. WTO chairman is ...................
1) Suma Chakrabarti, India
2) Klaus Schwab, Germany
3) Robert Azevado, Brazil
4) Jean Claude Junker, Luxemburg
5) Donald Tusk, Poland

37. The WTO officially commenced on 1 January 1995 under ........ signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade (GATT).
1) Geneva Protocol
2) Bretton Woods Conference
3) Paris Agreement
4) New Delhi Declaration
5) Marrakesh Agreement

38. First ever National Ayurveda Day celebrated throughout the country on the occasion of Dhanwantari Jayanti on .....................
1) 28 October
2) 30 October
3) 3 October
4) 8 October
5) 7 April

Answers:
1-3, 2-4, 3-1, 4-3, 5-4, 6-4, 7-1, 8-4, 9-1, 10-3
11-4, 12-3, 13-4, 14-1, 15-5, 16-1, 17-1, 18-3, 19-3, 20-1
21-4, 22-5, 23-1, 24-4, 25-4, 26-4, 27-3, 28-3, 29-3, 30-4
31-1, 32-3, 33-1, 34-4, 35-2, 36-3, 37-5, 38-1.

BANKING AWARENESS PRACTICE MCQs FOR BANK EXAMS

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