BANKING AWARENESS PRACTICE QUESTIONS

1. Who is the present Managing Director & CEO of Bank of India?
a) Dinabandhu Mohapatra
b) R Subramania Kumar
c) Sunil Mehta
d) N.Kamakodi
e) Neelam Damodharam

2. RBI has increased the capital requirement for Asset Reconstruction Companies (ARC) From the existing Rs. 2 crore to______ by March 2019.
a) Rs. 5 crore
b) Rs. 25 crore
c) Rs. 100 crore
d) Rs. 150 crore
e) Rs. 200 crore

3. Time limit for settlement of claims in Deceased cases:
a) 30 days from the date of death
b) 15 days from the date of death
c) 15 days from the date of submission of all the documents
d) 30 days from the date of submission of all the documents
e) 7 days from the date of death

4. Under Atal Pension Yojana (APY), the Central Govt will contribute 50% of total contribution or Rs. 1000 whichever is lower, to eligible subscriber's A/c, for a period of ___ years.
a) 2 years
b) 3 years
c) 4 years
d) 5 years
e) 6 years

5. ACH is a system that monitors and administers the processing of cheques and fund clearance among the banks. What is the full form of ACH.
a) Automatic Clearing House
b) Additional Clearing House
c) Autonomous Clearing House
d) Automated Clearing House
e) Authorised Clearing House

6. Mission Indra Dhanush aims to achieve full immunization of more than 90% children by _____
a) 2018
b) 2019
c) 2020
d) 2021
e) 2022

7. MS Dhoni is having SB account (Balance Rs. 80,000) and Fixed Deposit Account (Balance Rs. 1,20,000) in a Bank which is covered under DICGC. If that bank is to be closed for any reason whatsoever, What is the maximum amount MS Dhoni will be reimbursed by DICGC?
a) Rs.1,80,000
b) Rs. 1,00,000
c) Rs. 2,00,000
d) Rs. 1,20,000
e) None of the above

8. Main parties in case of Agency Agreement is:
a) Debtor - Creditor
b) Bailor - Bailee
c) Lessor - Lessee
d) Principal - Agent
e) Trustee - Beneficiary

9. Which of the following is/are correct regarding investment to reduce the risk of adverse price movements in an asset?
a) Hedge
b) SPV
c) MBS
d) MCLR
e) b & c

10. The term "Allonge" refers to a sheet of paper attached:
a) To a negotiable instrument for the purpose of making endorsement thereon when there is no space on the instrument
b) To a Non-Judicial Stamp paper
c) To a mortgage deed for the purpose of witness
d) To the Sanction Advice of the loan intimating the terms of sanction
e) All the above

11. A mutual fund is set up in the form of:
a) A trust
b) A Company incorporated under the Indian Companies Act
c) An Act of Parliament
d) A Limited liability partnership
e) None of the above

12. What is the full form of ARM in case of Loans against mortgage of properties?
a) Additional Rate Mortgages
b) Advance Rate Mortgages
c) Adjustable Rate Mortgages
d) Appropriate Rate Mortgages
e) Anomalous Rate Mortgages

13. Name the only Private Sector Bank in the country which is designated as RBI's agent for banking business and carries out the banking business of Central Government?
a) HDFC
b) ICICI
c) J&K Bank
d) YES Bank
e) AXIS Bank

14. 'Good People to Bank With' is the tagline of:
a) United Bank of India
b) UCO Bank
c) Union Bank of India
d) Indian Overseas Bank
e) Vijaya Bank

15. AMRUT is urban transformation scheme with the focus of the urban renewal projects to establish infrastructure that could ensure adequate robust sewerage networks and water supply. Expand AMRUT.
a) Atal Mission for Rejuvenation and Urban Transformation
b) Atal Mission for Reconstruction and Urban Transformation
c) Atal Mission for Rural and Urban Transformation
d) Awas Mission for Rural and Urban Transformation
e) None of the above

16. The Headquarters of Security Printing and Minting Corporation of India Ltd (SPMCIL) is located in:
a) New Delhi
b) Bengaluru
c) Chennai
d) Trivandrum
e) Hyderabad

17. Deposit Insurance and Credit Guarantee Corporation (DICGC) is a wholly owned subsidiary of:
a) Central Government
b) Reserve Banks of India
c) NABARD
d) SIDBI
e) None of the above

18. With an aim to strengthen Regional Rural Banks, as per the Bill introduced in the Lok Sabha during 2013, the authorized capital of the Regional Rural Banks to be raised to Rs. _____
a) 1000 crore
b) 500 crore
c) 2500 crore
d) 50 crore
e) 200 crore

19. Banks have to submit Suspicious Transactions Report(STR) to FIU-IND (Financial Intelligence Unit - India) as a part of antimoney laundering measures where the transactions:
a) Appears to be unusual or unjustified complexity
b) Appears to have no economic rationale or bonafide purpose
c) Source of funds are doubtful
d) Are not in commensurate with the business of the customer
e) All the above

20. Which of the following points are true with respect to PM Garib Kalyan Yojana?
a) The deposits under PMGKY shall not bear any interest
b) The Bonds Ledger account shall not be tradable
c) No commission / agency bank charges will be paid to the banks for accepting deposits under the scheme
d) The transferability of Bond Ledger Account shall be limited to nominee or to the legal heir of an individual holder, in the event of his death
e) All of the above

21. What type of loan is granted by banks for purchase of white goods?
a) Loan given for purchase of cotton seeds
b) Mortgage loan
c) Consumer durables loan
d) Home loan
e) Dairy loan

22. Which of the following is True regarding QR Code?
a) QR stands for Quick response Code
b) It is a payment transfer mechanism
c) It eliminates the need for PoS machines at a merchant outlet
d) There is no problem of loss of card or card expiry problems
e) All the above

23. Under Rural and Urban Housing for poor, PM announced two new housing schemes for the urban
poor recently. Under Pradhan Mantri Aawas Yojana (PMAY), the poor and middle class in cities
will get ___ exemption on interest for home loans up to Rs. 9 lakh and ___ exemption for home loans up to Rs.12 lakh.
a) 3%; 4%
b) 4%; 3%
c) 2%; 3%
d) 4%; 5%
e) 5%; 6%

24. Lien is a/an _______ of the creditor to retain possession.
a) Right
b) Obligation
c) Instrument
d) Interest
e) None of the above

25. The 'Banker's 'Fair Practice' code was brought out in June 2004 by:
a) IBA
b) RBI
c) Government of India
d) Banking Ombudsman
e) NABARD

26. In a Hindu undivided family the business of the family is managed by:
a) Karta
b) Proprietor
c) Partner
d) Director
e) Co-Parcenors

27. A Public Limited Company shares are:
a) Not transferable
b) Transferable
c) The Act is silent
d) Transferable only if they are purchased in Primary Market
e) a & d

28. With an objective to give boost to the small entrepreneurs, credit guarantee for small businesses
(CGTMSE) has been enhanced from Rs. 1 crore to ______
a) Rs. 1.5 crore
b) Rs. 2 crore
c) Rs. 3 crore
d) Rs. 4 crore
e) Rs. 5 crore

29. Which of the following is not a Material Alteration?
a) Alteration of the date
b) Alteration of the sum payable
c) Alteration of Signature (Forgery)
d) Alteration of the name of payee
e) Alteration of the crossing

30. Under what circumstances banks can with held payments of customers?
a) When a customer is declared insolvent by the court
b) When a company goes on liquidation since the rights of account rests with the official liquidator
c) When the customer become insane
d) When the cheque is countermanded
e) All the above

31. A Fund of Funds is a scheme that invests primarily in:
a) Money market instruments
b) Other schemes of the same mutual fund or other mutual funds
c) The bullion market
d) The Government Securities
e) Primary market only

32. Which of the following are the advantages of Cheque Truncation System (CTS)?
a) A Faster clearing cycle to provide better customer service
b) Minimize transaction costs and loss of instruments can be avoided
c) Additional Security Features
d) Frauds can be eliminated
e) All the above

33. The Indian Banking System is regulated in terms of the provisions of ____ Act, 1934 and ___
a) Banking Regulation Act, 1949
b) Negotiable Instruments Act, 1881
c) Payment and Settlement Act, 2007
d) Prevention of Money Laundering Act, 2002
e) None of the above

34. When affairs of a bank is conducted in such a manner that gives a fair deal to all the stake holders, it is called:
a) Risk Management
b) Effective Management
c) Total Management
d) Corporate Governance
e) Mirror Management

35. The type of arrangement under which a bank pays the seller the value of the bill and later collects it from the buyer on the due date is called_____
a) Bill discounting
b) Factoring
c) Forfaiting
d) Deferred Collection
e) None

ANSWERS: 
1) a 2) c 3) c 4) d 5) d 6) c 7) b 8) d 9) a 10) a
11) a 12) c 13) c 14) c 15) a 16) a 17) b 18) b 19) e 20) e
21) c 22) e 23) b 24) a 25) a 26) a 27) b 28) b 29) c 30) e
31) b 32) e 33) a 34) d 35) a

IBPS Recruitment of Probationary Officer/ Management Trainee posts

Institute of Banking Personnel Selection(IBPS) invites applications for online examination (Preliminary and Main) for the next Common Recruitment Process for selection of personnel for Probationary Officer/ Management Trainee posts in the Participating Organisations(CWE PO/ MT-VII) is tentatively scheduled in October/ November 2017.

Vacancies:
1. Allahabad Bank: 447 Posts
2. Andhra Bank: 200 Posts
3. Bank of India: 200 Posts
4. Canara Bank: 900 Posts
5. Central Bank of India: 200 Posts
6. Oriental Bank of Commerce: 300 Posts
7. Punjab National Bank: 400 Posts
8. Punjab & Sind Bank: 100 Posts
9. Union Bank of India: 400 Posts
10. United Bank of India: 100 Posts
Total No. of Posts: 3247

Education Qualification : Candidates who have completed Any Degree or equivalent from a recognized Institute are Eligible to apply IBPS Recruitment 2017

Age Limit : 20 to 30 years As on 01.07.2017 .Age of Relaxation is Applicable 5 years For SC/ST candidates ,3 years For OBC Candidates & 10 years For PWD Candidates.

Pay Scale : Rs.23700-42020/- Per Month

Application Fee : General/OBC : Rs.600/- All Other Candidates (ST/SC/PWD) Application Fee : Rs.100/-

Selection Process : The candidates will be selected on the basis of Online Preliminary Examination, Main Examination and Personal Interview.

How to Apply : Candidates have to apply online through IBPS website http://www.ibps.in/ between 06.08.2017 to 26.08.2017.

Important Dates
Application Online Start : 06 August, 2017 
Last Date for Registration : 26 August, 2017 
Last Date Fee Payment : 26 August, 2017 

Important Links
Download Notification : Click Here 
Apply Online : http://www.ibps.in/Apply 
Official Website : http://www.ibps.in

BANKING AWARENESS PRACTICE QUESTIONS FOR BANK EXAMS

1. First bank started in India with solely Indian capital investment is:
a) Bank of Baroda
b) Punjab National Bank
c) Punjab & Sind Bank
d) Central Bank of India
e) Canara Bank

2. The banker acts as a Bailee and the customer as Bailor, this relationship is applicable:
a) when a bank lends funds to a corporate customer
b) when a bank accepts US$ FCNR deposits form a NRI customer
c) when a customer operates a safe deposit locker
d) when a customer keeps articles in safe custody with a bank
e) None of the above


3. Which of the following is not a financial intermediary?
a) Banks
b) Financial institutions
c) Mutual funds
d) Non-bank finance companies
e) Companies engaged in manufacturing of good

4. Acustomers lost the Fixed Deposit Receipt issued by the bank. To obtain a duplicate FD he needs to furnish:
a) A Promissory note
b) A collateral security
c) A Letter of Credit
d) An Indemnity bond
e) Counter guarantee by the customer

5. Reserve Bank of India's functions are classified into:
a) Supervisory & Regulatory
b) Promotional & Developmental 132
c) Refinance Activities
d) a & b only
e) a, b & c

6. The scope of activities undertaken by the business correspondents will not include:
a) Disbursal of small value credit
b) Recovery of principal/collection of interest
c) Collection of small value deposits
d) Payment of money on demand drafts not exceeding Rs. 1,000
e) None of the above

7. In strategic Alliance, the alliance partners:
a) Merge with each other 220
b) One partner acquires the other
c) Remain separate entities
d) Amalgamate with one another
e) None of the above

8. A company which pools money from investors and invests in stocks, bonds, shares is called:
a) A bank
b) An insurance company
c) Bank assurance
d) Mutual Fund
e) None of the above

9. Mr. X who is an Ordinary SB account holder of a branch wants to nominate Mr. Y, an U.S. national, who is his friend. Is that allowed?
a) Yes it is freely permitted
b) Yes it is freely permitted, but at the time of settlement of claim and repatriation to the
nominee, branch has to take RBI permission
c) Yes it is freely permitted, subject to Regional office approval
d) Yes it is freely permitted, subject to CO approval
e) No it cannot be allowed

10. In a cheque, the word "Order" is changed to "bearer" by the holder of the cheque. This is called as:
a) Endorsement
b) Material alteration
c) Crossing
d) Special Crossing
e) Allonge

11. If a customer dies without leaving a will and the court appoints a person to handle the customer's Property. Such a person is called as:
a) An administrator
b) An executor
c) A liquidator
d) A successor
e) An Authorised Officer

12. Garnishee order is issued by:
a) Judgment Debtor
b) Judgment Creditor
c) Reserve Bank of India
d) The Court
d) Income Tax Department

13. One of the NRI customers wants to place FCNR deposits in Canadian $ with a bank. Can the
account be opened in Canadian Dollars?
a) Yes, his request can be accepted and open a FCNR a/c
b) No, Bank can not accept his request to open FCNR a/c in Canadian $
c) Will inform the customer to place FCNR in any one of the currencies (US$/ GBP/ JPY/ EUR)
d) Can open after seeking permission from Head Office
e) Can open after obtaining clearance from RBI

14. Which of the following is the the First Paper Currency Note issued by the RBI bearing the portrait of King Geoge VI?
a) Two Rupee Note
b) Five Rupee Note
c) Ten Rupee Note
d) Twenty Rupee Note
e) Fifty Rupee Note

15. Which of the following is the scheme for skill development of minorities?
a) Padho aur kamao
b) Seekho aur kamao
c) Kamao aur jiyo
d) Padho aur Seekho
e) None of the above

16. Capital adequacy is worked out based on:
a) Total demand and time liabilities
b) Net demand and time assets
c) Risk weighted assets
d) Risk weighted liabilities
e) None of the above

17. A Co-Operative Bank operating in different States are regulated by:
a) State Co-Operative Societies Act
b) Banking Regulation Act
c) Multi Unit Co-Operative Societies Act
d) Banking Laws (applicable to Co-Operative Societies)
e) RBI Act 1934

18. If a cheque is accidentally torn by the drawer, the cheque ___
a) Can't be paid
b) Can be paid, if the holder confirms the mutilation
c) Can be paid, if the drawer confirms the mutilation and if otherwise in order
d) Can't be paid, even if the drawer confirms the mutilation and otherwise in order
e) None of the above

19. Tele banking is not based on:
a) Virtual banking,
b) Voice processing,
c) Online banking
d) a & c
e) None of the above

20. Cash payment of Term deposits is possible, if the amount doesn't exceed Rs.:
a) 20,000
b) 25,000
c) 30,000
d) 40,000
e) 50,000

21. Balance in a current account is classified as:
a) Hybrid deposit
b) Term deposit
c) Demand deposit
d) Flexi deposit
e) None of the above

22. The rate at which domestic currency can be converted in to foreign currency and vice-versa is known as:
a) LIBOR
b) Base Rate
c) Repo Rate
d) Exchange Rate
e) Inter Bank Call Money Rate

23. Hypothecation is applicable in the case of ____.
a) Movable goods
b) Immovable property
c) Loan against Insurance Policies
d) Corporate guarantee
e) Gold Loan

24. The minimum percentage of Priority Sector advances to be maintained by foreign banks in India with less than 20 branches is __.
a) 40%
b) 18%
c) 32%
d) 50%
e) 60 %

25. One of the State Government avails of a temporary financial assistance from Reserve Bank of
India. This type of finance is called:
a) Overdraft
b) Temporary loan
c) Short term finance
d) Ways and Means advance
e) Repo

26. Which one of the following is known as 'Demat' account?
a) Account in which shares are held in electronic form
b) Other than those given as options
c) Account allowed to be operated by guardian of minor
d) Account operated by business correspondents in rural
e) None of the above

27. External commercial borrowings are governed under:
a) Foreign Exchange Regulation Act
b) Securitisation and Reconstruction of Financial assets and enforcement of security interest Act
c) Debt Recovery Tribunal Act
d) Foreign exchange management Act
e) None of the above

28. Maximum Bank Rate that can be declared by the Reserve Bank of India is:
a) 6%
b) 20%
c) 25%
d) 1% over MCLR
e) No such ceiling

29. Obligation of a Banker to maintain secrecy is applicable to:
a) Only in case of existing deposit accounts
b) Only in respect existing loan accounts
c) Only in case of closed accounts
d) All types of deposit/loan accounts (existing/closed)
e) No need of maintaining secrecy to exhibit transparency in banking transactions

30. A mortgage involves:
a) Transfer of ownership
b) Transfer of interest in Immovable property
c) Transfer of possession
d) a & c
e) None of the above

31. Bank A allows one of its clients to withdraw against clearing of a cheque. The banker is called as:
a) Collecting Banker
b) Holder in due course
c) Holder for value
d) Reimbursement banker
e) Paying Banker

32. As per the provisions of NI Act,1881 a banker gets protection for payment of a cheque only if it is a:
a) Holder in due course
b) Payment in due course
c) Holder for value
d) Not Negotiable Instrument
e) All of the above

33. SARFAESI Act 2002 is applicable to:
a) All states excluding Jammu and Kashmir
b) All states including Jammu and Kashmir
c) All Banks including Foreign Banks and RRBs
d) Only Union Terrirories
e) b & c

34. Management of a Bank vests with:
a) Reserve Bank of Indian
b) Asset Liability Committee (ALCO)
c) Board of Directors
d) Share Holders
e) a & d

35. Rajender Singh, gives a written stop payment instructions of a cheque Rs. 50/- to his banker.
This should be treated by the bank as:
a) A request from Sekhar
b) An intimation from Sekhar
c) An advice from Sekhar
d) A mandate from Sekhar
e) None of the above as the stop payment is for a small amount

36. Banks can grant loans against:
a) LIC Policy
b) CDs
c) FD issues other bank
d) Mutual fund
e) All the above

ANSWERS: 
1) b 2) d 3) e 4) d 5) e 6) d 7) c 8) d 9) b 10) b
11) a 12) d 13) a 14) b 15) b 16) c 17) c 18) c 19) d 20) a
21) c 22) d 23) a 24) c 25) d 26) a 27) d 28) e 29) d 30) b
31) c 32) b 33) b 34) c 35) d 36) a

BANKING AWARENESS PRACTICE QUESTIONS FOR BANK EXAMS

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