1. KYC norms are liberalised in case of following account:
a) Current Account
b) Savings Account
c) Term Deposit Account
d) No Frills Account
e) None of the above
2. The National Social Security Fund (NSSF) helps which of the following groups of society?
a) Bank employees
b) Central government employees
c) Workers in the unorganized sector
d) Workers in the textile industry
e) Women employees
3. Regional Rural Banks have been set up with the basic objective of:
a) Providing credit to semi-urban and urban population
b) Providing deposits facilities to farmers
c) Providing credit and deposit facilities to rural areas
d) Providing credit, deposit and other banking facilities to people in rural areas
e) None of the above
4. Which of the following deposits do not attract TDS?
a) Fixed Deposits
b) Deposits Reinvestment
c) Flexi Deposits
d) Call Deposits
e) Recurring Deposits
5. Which of the following tools is used by the RBI to control credit and monetary situations of the markets?
a) RTGS
b) ECS
c) NEFT
d) CRR
e) Balance of trade
6. The Cash Reserve Ratio is to be maintained by Commercial Banks in the form of?
a) Cash in hand at branches
b) Balance with other banks
c) Balance in a special account with RBI
d) Funds in the currency chest
e) All of the above
7. Regional Rural Banks are classified as?
a) subsidiaries of NABARD
b) subsidiaries of the sponsor banks
c) scheduled commercial banks
d) All of the above
e) None of the above
8. Foreign exchange reserves of India are kept in the custody of which of the following?
a) International Bank for Reconstruction and Development
b) Reserve Bank of India
c) State Bank of India
d) International Monetary Fund
e) Government Treasury
9. A Hire-purchase contract is a -
a) Contract of bailment
b) Contract of sale
c) Contract of bailment followed by contract of sale
d) Contract of lease followed by contract of bailment
e) None of these
10. Which of the following Act defines the age of a minor?
a) Section 25 of N.I. Act
b) Section 33 of Contract Act
c) Section 54 of Partnership Act
d) Section 3 of Indian Majority Act
e) None of these
11. The objective(s) of SLR is/are:
a) To ensure that Banks remain solvent
b) To increase volumes in Government securities.
c) To regulate expansion of Credit
d) All of the above
e) None of these
12. What is the amount of capital that RBI is tentatively proposing to provide to the Public Sector Banks this year, to meet its capital adequacy requirement as per Basel III norms ?
a) Rs.11,200 cr
b) Rs.20,000 cr
c) Rs.12,200 cr
d) Rs.13,200 cr
e) None of the above
13. Decrease of CRR & SLR has the effect of:
a) Decreasing Credit creation
b) Increasing Credit creation
c) Increasing purchasing power of money
d) All of the above
e) None of the above
14. Which of the following Acts has specially been enacted to help banks deal with bad loans?
a) Negotiable Instrument Act
b) Banking Regulation Act
c) SARFAESI Act
d) Companies Act
e) Offshore Banking Act
15. _____ provides Clearing House facilities for netting of payments and security delivery?
a) Primary dealers
b) Banks
c) Stock exchanges
d) All of the above
e) None of these
16. Which of the following cities are tentatively selected by RBI to launch Rs 10/- plastic notes?
a) Shimla b) Kochi
c) Mysore
d) Jaipur and Bhubaneswar
e) All of the above places
17. Depositories hold shares in ______form:
a) Physical b) Dematerialized
c) Either a or b
d) Both a and b
e) None of these
18. Current Account can be opened by?
a) Any Company registered under ROC Act 1956
b) Partnership Firms
c) Sole Proprietor
d) Any Individual or joint individual
e) All of these
19. Zero coupon bonds are those ________:
a) Which do not make a periodical coupon payment
b) These bonds are bought for less than their face value (at a discount).
c) Are mostly issued in auctions by Treasury.
d) All of the above
e) None of these
20. Name the first State Cooperative Bank in India which started its own 'RuPay' ATM-cum-Debit Card?
a) Andhra Pradesh State Cooperative Bank in Hyderabad
b) Himachal State Cooperative Bank in Shimla
c) The Andaman and Nicobar State Co-operative Bank Ltd.
d) The Bihar State Co-operative Bank Ltd
e) Jharkhand State Co-operative Bank
21. Finance Ministry has asked all Public Sector Banks to improve their ________ portfolio to 40%?
a) Fixed Deposits
b) Recurring Deposits
c) Flexi Deposits
d) CASA Deposits
e) None of the above
22. The Credit Guarantee Fund (CGTMSE) Scheme covers?
a) Only term loans
b) Only working capital
c) Both a and b
d) All Type of Fund based & Non Fund based credit facility
e) None of these
23. RBI directed Banks not to levy penalty on individual borrowers for pre-payment of floating rate term loans. This term loans include?
a) Housing Loan
b) Vehicle Loan
c) Personal Loan
d) Only a &b
e) All a, b and c
24. The Difference between Gross Domestic Product and Net Domestic Product is?
a) Government Revenue
b) Net Indirect Tax (Indirect Tax Subsidy)
c) Consumption of fixed Capital
d) Net Capital Formation
e) None of these
25. Recently, the RBI has recognized Micro Finance Institution Network (MFIN), as the Self Regulatory organization for NBFC-MFIs. The decision was taken by RBI based on the recommendations made by which committee?
a) Y H Malegam committee
b) Parthasarthi Shome committee
c) Chakrabharthy committee
d) Khan committee
e) None of these
26. Where is the headquarter of Association of South East Asian Nations (ASEAN) located?
a) Jakarta b) Singapore
c) Kathmandu
d) Bangkok
e) None of these
27. World Bank was established in the year?
a) 1943
b) 1944
c) 1945
d) 1946
e) None of these
28. Through which of the following the funds to the projects aided by the World Bank and the International Monetary Fund (IMF) are distributed?
a) Regional Branches of RBI
b) NABARD
c) Integrated Rural Development Programme
d) Agriculture Corporation Refinance and Development
e) Ministry of Finance
29. QFI stands for:
a) Qualified Financial Investor
b) Qualified Foreign Investor
c) Qualitative Financial Investment
d) All of the above
e) None of the above
30. Which of the following is NOT a part of India's Money Market?
a) Bill Market
b) Call Money Market c) Banks
d) Mutual Funds
e) Indian Gold Council
31. Exim Bank is planning to set up a Project Development Company (PDC) in Africa along with:
a) State Bank of India
b) IL&FS
c) African Development Bank
d) Only a & b
e) a, b & c
32. Department of Economic Affairs is part of which of the following Ministries?
a) Ministry of Home Affairs
b) Ministry of Planning
c) Ministry of Finance
d) Ministry of Heavy Industries & Public Enterprises
e) Ministry of Rural Development
33. Which of the following is a Fixed Asset?
a) Goodwill
b) Land & Building c) Cash
d) All of the above
e) None of the above
34. What is the full form of LAF, the term used in banking world very frequently?
a) Legal Adjournment Formality
b) Liquid Advance & Finance
c) Liquidity Adjustment Facility
d) Late Arrival of Finance
e) Local Advance Finance
35. Recently, which among the following banks has organized "The Banking and Economics Conclave 2014" a national level banking conclave for the first time?
a) State Bank of India
b) Canara Bank
c) State Bank of Mysore
d) Vijaya Bank
e) None of these
36. Takehiko Nakao is the president of which of the following organization?
a) OPEC
b) African Union
c) IMF
d) WTO
e) ADB
37. Net worth of business means:
a) Equity capital
b) Total asset c) Fixed asset
d) Total asset - total liability
e) None of the above
38. Insurance cover for bank deposits in our country is provided by?
a) SBI
b) Government of India
c) DICGC
d) GIC
e) None of these
39. Who among the following can invest in capital markets in India through Portfolio Investment?
1. Non Resident Indians (NRIs)
2. Foreign Institutional Investments (FIIs)
3. Persons of Indian Origins (PIO)
Choose the correct answer from the option given below?
a) Only 1 & 2
b) Only 2 & 3
c) Only 1 & 3
d) 1, 2 & 3
e) None of the above
40. Which of the following is NOT a Scheduled Commercial Bank?
a) HDFC Bank
b) Axis Bank
c) IDBI Bank
d) NABARD
e) SBI
ANSWERS:
1) d 2) c 3) d 4) e 5) d 6) c 7) c 8) b 9) c 10) d
11) d 12) b 13) b 14) c 15) c 16) e 17. b 18) e 19) d 20) b
21) d 22) d 23) e 24) d 25) a 26) a 27) b 28) d 29) b 30) e
31) e 32) c 33) b 34) c 35) a 36) e 37) d 38) c 39) d 40) d
a) Current Account
b) Savings Account
c) Term Deposit Account
d) No Frills Account
e) None of the above
2. The National Social Security Fund (NSSF) helps which of the following groups of society?
a) Bank employees
b) Central government employees
c) Workers in the unorganized sector
d) Workers in the textile industry
e) Women employees
3. Regional Rural Banks have been set up with the basic objective of:
a) Providing credit to semi-urban and urban population
b) Providing deposits facilities to farmers
c) Providing credit and deposit facilities to rural areas
d) Providing credit, deposit and other banking facilities to people in rural areas
e) None of the above
4. Which of the following deposits do not attract TDS?
a) Fixed Deposits
b) Deposits Reinvestment
c) Flexi Deposits
d) Call Deposits
e) Recurring Deposits
5. Which of the following tools is used by the RBI to control credit and monetary situations of the markets?
a) RTGS
b) ECS
c) NEFT
d) CRR
e) Balance of trade
6. The Cash Reserve Ratio is to be maintained by Commercial Banks in the form of?
a) Cash in hand at branches
b) Balance with other banks
c) Balance in a special account with RBI
d) Funds in the currency chest
e) All of the above
7. Regional Rural Banks are classified as?
a) subsidiaries of NABARD
b) subsidiaries of the sponsor banks
c) scheduled commercial banks
d) All of the above
e) None of the above
8. Foreign exchange reserves of India are kept in the custody of which of the following?
a) International Bank for Reconstruction and Development
b) Reserve Bank of India
c) State Bank of India
d) International Monetary Fund
e) Government Treasury
9. A Hire-purchase contract is a -
a) Contract of bailment
b) Contract of sale
c) Contract of bailment followed by contract of sale
d) Contract of lease followed by contract of bailment
e) None of these
10. Which of the following Act defines the age of a minor?
a) Section 25 of N.I. Act
b) Section 33 of Contract Act
c) Section 54 of Partnership Act
d) Section 3 of Indian Majority Act
e) None of these
11. The objective(s) of SLR is/are:
a) To ensure that Banks remain solvent
b) To increase volumes in Government securities.
c) To regulate expansion of Credit
d) All of the above
e) None of these
12. What is the amount of capital that RBI is tentatively proposing to provide to the Public Sector Banks this year, to meet its capital adequacy requirement as per Basel III norms ?
a) Rs.11,200 cr
b) Rs.20,000 cr
c) Rs.12,200 cr
d) Rs.13,200 cr
e) None of the above
13. Decrease of CRR & SLR has the effect of:
a) Decreasing Credit creation
b) Increasing Credit creation
c) Increasing purchasing power of money
d) All of the above
e) None of the above
14. Which of the following Acts has specially been enacted to help banks deal with bad loans?
a) Negotiable Instrument Act
b) Banking Regulation Act
c) SARFAESI Act
d) Companies Act
e) Offshore Banking Act
15. _____ provides Clearing House facilities for netting of payments and security delivery?
a) Primary dealers
b) Banks
c) Stock exchanges
d) All of the above
e) None of these
16. Which of the following cities are tentatively selected by RBI to launch Rs 10/- plastic notes?
a) Shimla b) Kochi
c) Mysore
d) Jaipur and Bhubaneswar
e) All of the above places
17. Depositories hold shares in ______form:
a) Physical b) Dematerialized
c) Either a or b
d) Both a and b
e) None of these
18. Current Account can be opened by?
a) Any Company registered under ROC Act 1956
b) Partnership Firms
c) Sole Proprietor
d) Any Individual or joint individual
e) All of these
19. Zero coupon bonds are those ________:
a) Which do not make a periodical coupon payment
b) These bonds are bought for less than their face value (at a discount).
c) Are mostly issued in auctions by Treasury.
d) All of the above
e) None of these
20. Name the first State Cooperative Bank in India which started its own 'RuPay' ATM-cum-Debit Card?
a) Andhra Pradesh State Cooperative Bank in Hyderabad
b) Himachal State Cooperative Bank in Shimla
c) The Andaman and Nicobar State Co-operative Bank Ltd.
d) The Bihar State Co-operative Bank Ltd
e) Jharkhand State Co-operative Bank
21. Finance Ministry has asked all Public Sector Banks to improve their ________ portfolio to 40%?
a) Fixed Deposits
b) Recurring Deposits
c) Flexi Deposits
d) CASA Deposits
e) None of the above
22. The Credit Guarantee Fund (CGTMSE) Scheme covers?
a) Only term loans
b) Only working capital
c) Both a and b
d) All Type of Fund based & Non Fund based credit facility
e) None of these
23. RBI directed Banks not to levy penalty on individual borrowers for pre-payment of floating rate term loans. This term loans include?
a) Housing Loan
b) Vehicle Loan
c) Personal Loan
d) Only a &b
e) All a, b and c
24. The Difference between Gross Domestic Product and Net Domestic Product is?
a) Government Revenue
b) Net Indirect Tax (Indirect Tax Subsidy)
c) Consumption of fixed Capital
d) Net Capital Formation
e) None of these
25. Recently, the RBI has recognized Micro Finance Institution Network (MFIN), as the Self Regulatory organization for NBFC-MFIs. The decision was taken by RBI based on the recommendations made by which committee?
a) Y H Malegam committee
b) Parthasarthi Shome committee
c) Chakrabharthy committee
d) Khan committee
e) None of these
26. Where is the headquarter of Association of South East Asian Nations (ASEAN) located?
a) Jakarta b) Singapore
c) Kathmandu
d) Bangkok
e) None of these
27. World Bank was established in the year?
a) 1943
b) 1944
c) 1945
d) 1946
e) None of these
28. Through which of the following the funds to the projects aided by the World Bank and the International Monetary Fund (IMF) are distributed?
a) Regional Branches of RBI
b) NABARD
c) Integrated Rural Development Programme
d) Agriculture Corporation Refinance and Development
e) Ministry of Finance
29. QFI stands for:
a) Qualified Financial Investor
b) Qualified Foreign Investor
c) Qualitative Financial Investment
d) All of the above
e) None of the above
30. Which of the following is NOT a part of India's Money Market?
a) Bill Market
b) Call Money Market c) Banks
d) Mutual Funds
e) Indian Gold Council
31. Exim Bank is planning to set up a Project Development Company (PDC) in Africa along with:
a) State Bank of India
b) IL&FS
c) African Development Bank
d) Only a & b
e) a, b & c
32. Department of Economic Affairs is part of which of the following Ministries?
a) Ministry of Home Affairs
b) Ministry of Planning
c) Ministry of Finance
d) Ministry of Heavy Industries & Public Enterprises
e) Ministry of Rural Development
33. Which of the following is a Fixed Asset?
a) Goodwill
b) Land & Building c) Cash
d) All of the above
e) None of the above
34. What is the full form of LAF, the term used in banking world very frequently?
a) Legal Adjournment Formality
b) Liquid Advance & Finance
c) Liquidity Adjustment Facility
d) Late Arrival of Finance
e) Local Advance Finance
35. Recently, which among the following banks has organized "The Banking and Economics Conclave 2014" a national level banking conclave for the first time?
a) State Bank of India
b) Canara Bank
c) State Bank of Mysore
d) Vijaya Bank
e) None of these
36. Takehiko Nakao is the president of which of the following organization?
a) OPEC
b) African Union
c) IMF
d) WTO
e) ADB
37. Net worth of business means:
a) Equity capital
b) Total asset c) Fixed asset
d) Total asset - total liability
e) None of the above
38. Insurance cover for bank deposits in our country is provided by?
a) SBI
b) Government of India
c) DICGC
d) GIC
e) None of these
39. Who among the following can invest in capital markets in India through Portfolio Investment?
1. Non Resident Indians (NRIs)
2. Foreign Institutional Investments (FIIs)
3. Persons of Indian Origins (PIO)
Choose the correct answer from the option given below?
a) Only 1 & 2
b) Only 2 & 3
c) Only 1 & 3
d) 1, 2 & 3
e) None of the above
40. Which of the following is NOT a Scheduled Commercial Bank?
a) HDFC Bank
b) Axis Bank
c) IDBI Bank
d) NABARD
e) SBI
ANSWERS:
1) d 2) c 3) d 4) e 5) d 6) c 7) c 8) b 9) c 10) d
11) d 12) b 13) b 14) c 15) c 16) e 17. b 18) e 19) d 20) b
21) d 22) d 23) e 24) d 25) a 26) a 27) b 28) d 29) b 30) e
31) e 32) c 33) b 34) c 35) a 36) e 37) d 38) c 39) d 40) d
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