BANKING AWARENESS PRACTICE MCQs

1.Interest payable on savings bank accounts is?
a) De-regulated by RBI
b) Regulated by State Governments
c) Regulated by Central Govt
d) Regulated by RBI
e) Regulated by Finance Minister

2.The usual deposit accounts of banks are? 
a) Current accounts, electricity accounts and insurance premium accounts.
b) Current accounts, post office savings, bank accounts and term deposit accounts.
c) Loan accounts, savings bank accounts and term deposit accounts.
d) Current accounts, savings bank accounts and term deposit accounts.
e) Current bill accounts and term deposit accounts.

3.Fixed deposits and recurring deposits are?
a) Repayable after an agreed period
b) Repayable on demand
c) Not repayable
d) Repayable after death of depositors
e) Repayable on demand or after an agreed period as per bank's choice

4.Accounts are allowed to be operated by cheques in respect of? 
a) Both savings bank accounts and fixed deposit accounts.
b) Savings bank accounts and current accounts.
c) Both savings bank accounts and loan accounts.
d) Both savings bank accounts and cash accounts only.
e) Both current accounts and fixed deposit accounts.

5.Which of the following is correct statement?a)No interest is paid on current deposit accounts.
b)Interest is paid on current accounts at the same rate as term deposit accounts.
c) The rate of interest on current accounts and savings accounts are the same.
d) No interest is paid on any deposit by the bank.
e) Savings deposits are the same as current deposits.

6.Banking services delivered to a customer by means of a computer control system that does not directly involve banks branch is called? 
a) Universal banking 
b) Virtual banking 
c) Narrow banking 
d) Brick & Mortal banking 
e) None 

7.Financial inclusion means provision of ?a) Financial services namely payments, remittances, savings, loans and insurance at affordable cost to persons not yet given the bank
b) Ration at affordable cost to persons not yet given the same
c) House at affordable cost to persons not yet given the same
d) Food at affordable cost to persons not yet given the same
e) Education at affordable cost to persons not yet given the same

8. When a bank returns a cheque unpaid, it is called?a) Payment of the cheque
b) Drawing of the cheque
c) Canceling of the cheque
d) Dishonour of the cheque
e) Taking of the cheque

9.Who is the Chairman of the committee constituted by RBI to study issues and concerns in the Micro Finance Institutions (MFI) Sector?
a) YH Malegam
b) Dr. KC Chakraborty
c) C. Rangrajan 
d) M. Damodaran
e) Usha Thorat

10.Which of the following types of accounts are known as 'Demat Accounts'?
a) Accounts which are Zero Balance 
b) Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there
c) Accounts in which shares of various companies are traded in electronic form
d) Accounts which are operated through internet banking facility
e) None of the above

11.NEFT means?
a) National Electronic Funds Transfer 
b) Negotiated Efficient Fund Transfer system
c) National Efficient Fund Transfer solution
d) Non Effective Fund Transfer system
e) Negotiated Electronic Foreign Transfer system.

12.Distribution of insurance products and insurance policies by banks as corporate agents is known as?
a) General insurance 
b) Non life insurance
c) Bancassurance
d) Insurance Banking 
e) Deposit Insurance

13.In respect of partnership business, LLP stands for:
a) Local Labour Promotion
b) Low Labour Projects
c) Limited Loan Partnership 
d) Longer Liability Partnership
e) Limited Liability Partnership

14.What is a stale cheque?
a) A cheque issued without drawer's signature.
b) A cheque with only signature of the drawer.
c) A cheque which has completed 3 months from the date of its issue.
d) Any one of the above.
e) None

15.Interest on savings bank account is now calculated by banks on?
a) Minimum balance during the month
b) Minimum balance from 7th to last day of the month
c) Minimum balance from 10th to last day of the month
d) Maximum balance during the month
e) Daily product basis

16.Largest shareholder (in percentage shareholding) of a Nationalized bank is ?
a) RBI 
b) NABARD
c) LIC
d) Govt of India
e) IBA

Answers

1) a; 2) d; 3) a; 4) b; 5) a; 6) b; 7) a;8) d; 9) a; 10) c; 
11) a; 12) c; 13) e; 14) c; 15) e; 16) d 

GENERAL AWARENESS FOR RBI ASSISTANTS EXAM

1. Who has the sole right to mint coins in India?
1) RBI
2) MMTC
3) Government of India
4) SBI
5) Department of Post

2. Whose signature appears on coins?
1) President of India
2) RBI governor
3) Finance Secretary
4) RBI deputy governor
5) Coins do not bear the signature

3. Government of India withdrawn coins of denomination of 25 paise and below from circulation with effect from.....?
1) 30 July 2011
2) 30 June 2011
3) 30 June 2012
4) 30 June 2010
5) 1 June 2013

4. Who was appointed as the President of the Asian Development Bank (ADB) by the Board of Governors at New Delhi on 27 April 2013?
1) Jim Yong Kim
2) Christine Legarde
3) Takehiko Nakao
4) Mario Draghi
5) None

5. To whom the world bank granted a concessional loan of $100 million for the implementation of low-income housing scheme?
1) HDFC
2) ICICI
3) SBI
4) RBI
5) National Housing bank

6. On 4 April 2013, K.H.Muniyappa, the Minister of State (Independent Charge) of the Ministry of Micro , Small and Medium Enterprises (MSME) given the statement. His statement does not include.....
1) MSME sector contribute 9% of GDP
2) It accounts for around 45% of the manufacturing output
3) It contributes 36% of total value of exports
4) The sector has been growing consistently above 10% for the last five years
5) The sector will be removed from the Priority Sector lending

7. Who was appointed as the chairman to suggest the measures for enhancing MSME exports recently?
1) Ratan TATA
2) Abhijith Sen
3) R.S.Gujral
4) Montek Singh Ahluwalia
5) Anand Sinha

8. The Indian Life Assurance Companies Act was the first statutory measure to regulate life business in India. It was passed in ......?
1) 1925
2) 1956
3) 1947
4) 1934
5) 1912

9. Union government put the export target of ...... billion for the current financial year 2013- 14?
1) $ 325
2) $ 360
3) $ 300.6
4) $ 450
5) $ 150

10. Under whose chairmanship, the Group of Ministers (GoM)was set up to make a law to provide for the independence of the Central Bureau of Investigation (CBI) and its functional
autonomy?
1) Chidambaram
2) Ranjith Sinha
3) Alok Joshi
4) Bikram singh
5) S.A.Ibrahim

11. Union government on 17 April 2013 declared to enhance the installed capacity of renewable energy of 25,0000 MW to 55,000 MW by .......?
1) 2017
2) 2018
3) 2019
4) 2025
5) 2017
12. Which Indian origin writer received the inaugural Physics journalism Prize sponsored by the Institute of Physics(IOP) and the science and Technology Facilities Council in Washington?
1) Abdul kalam
2) Raja Ramanna
3) Anil Ananthaswamy
4) Kasturi Rangan
5) C.R.Rao

13. Which nation joined as a dialogue partner in the Shanghai Cooperation Organisation (SCO) on 26 April 2013?
1) India
2) USA
3) Turkey
4) UK
5) Israel
14. 45th session of the Indian Labour Conference concluded on 18 May 2013 at?
1) Mumbai
2) Kolkata
3) Pune
4) New Delhi
5) None

15. Factoring means?
1) business of buying trade debts at a discount and making a profit when debt is realized
2) giving loans to factories by the commercial banks at concessional rates
3) banning the banks not to give loans to factories at lower rate of interest
4) buying of customers assets whenever he did default in the payment of money
5) None

16. Track, Lane, Hurdles, Shot-put, Discuss Throw, Hammer Throw, Triple Jump, High Jump are the terms used in?
1) Chess
2) Volley Ball
3) Foot Ball
4) Cycling
5) Athletics

17. Youngest player to play an English County match is?
1) Hanuma Vihari
2) TM Srivastava
3) Phiillips Rod
4) Tim Mody
5) Matthew Fisher

18. The Present Statutory Liquidity Ratio (SLR) is?
1. 24%
2. 27%
3. 20%
4. 28%
5. 23%

19. Stagflation means?
1) Low inflation combined with high unemployment and slow economic growth
2) Persistent high inflation combined with high employment and fast economic growth
3) Low inflation combined with high employment rate and fast paced economic growth
4) Persistent high inflation combined with high unemployment and slow economic growth
5) None of above

20. Consider the following statements?
i) Roshni is the skill development scheme launched on 7 June 2013 by the ministry of Rural Development
ii) It aims to provide training and employment to youth in the 10-35 years age group
iii) It was launched in 24 Naxal-affected districts
iv) It is a 100-crore project and is funded by union and state governments, with the union providing 75% of the funding
Which of the above statements is/are correct?
1) ii iii
2) ii iv
3) i ii iii iv
4) ii
5) None

21. India's sixth commodity exchange which started its operations on 19 April 2013?
1) NSE
2) MCX
3) NMCE
4) UCX
5) ACE

22. Construction of country's first fully private Greenfield airport commenced in?
1) Gaya (Bihar)
2) Pune (Maharashtra)
3) Karaikal (Puducherry)
4) Sivaganga (Tamilnadu)
5) Somnath (Gujarat)

23. Where is the head office of Insurance Regulatory Development Authority?
1) Kolkata
2) Mumba
3) Hyderabad
4) Chennai
5) Delhi

24. The correct statement is?
1) During the visit of Man Mohan singh in Thailand, a sapling of the sacred bodhi tree in Bodh Gaya given as a gift to Thailand king Bhumibol Adulyadej
2) $ 5.2 billion humanitarian fund will be given by UNO to Syria
3) World's largest concentrated solar power plant launched by UAE by name Shams I
4) From 1 April 2013, Myanmar allowed the circulation of private newspapers after 50 years
5) All of above

25. Pick the wrong combination?
1) Chief Election Commissioner- Satyendra Mishra
2) Chief of the Naval Staff-Admiral Devendra Kumar Joshi
3) Minister of Commerce and Industry- Anand Sharma
4) Chief Minister of Karnataka - Siddaramaiah
5) UPSC Chairman - D.P.Agarwal

26. Who was re-elected as the chairman of IBA(Indian Banks Association) for the
2013-14 tenure?
1) Chanda Kocchar
2) Urjith Patel
3) K.R.Kamath
4) Aravind Mayaram
5) None

27. On 13 June 2013, RBI slapped fine on new generation private banks. The main reason is for?
1) not opening of No Frill accounts for BPL families
2) not opening of ATM in onsite premises as promised by Finance minister in the budget
3) not issuing new currency notes to customers
4) giving of advertisements about personal loans in news papers
5) violating rules of KYC (Know Your Customer)

28. Leaf turns Yellow: the Sufis of Awadh released by Hamid Ansari. It was edited by?
1) Hashim Amir Ali
2) Muzaffar Ali
3) Gulam Nabi Azad
4) Taslima Nasreen
5) None

29.USSD stands for?
1) Unstructured Supplementary Service Data
2) Universal Supplementary Service Data
3) Unstructured Standard Service Data
4) Unstructured Supplementary Service Dairy
5) Unstructured Supplementary Stolen Data

30. World Oceans day celebrated on?
1) 8 April
2) 8 May
3) 8 June
4) 8 February
5) 8 January

31. Pages stained with blood, Ramayana from Ganga to Brahmaputra, Melodies and Guns, The Moth-Eaten Howdah of the Tusker, The shadow of Kamakhya, The Man from Chinnamasta are the works of?
1) Indira Goswami
2) Nehru
3) Gandhi
4) Sarojini Naidu
5) Chetan Bhagath

32. In which country Bank of Baroda opened its 100th overseas branch on 28 March 2013?
1) USA
2) UK
3) South Africa
4) Dubai
5) Australia

33. Savings account become inoperative, if?
1) cash deposited in another branch not intimated to the parent branch
2) amount withdrawn by ATM exceeds Rs.50,000
3) net banking done on 31st of the month
4) not operated at all during certain period as per the bank rules
5) None

34. Lakulish Yoga University is the first Yoga university in India, inaugurated on 23 May 2013 at?
1) Mumbai
2) Ahmadabad
3) New Delhi
4) Patna
5) Haridwar

35. Which global rating agency revised India's sovereign credit outlook from negative to
stable on 12 June 2013?
1) S&P
2) CRISIL
3) Fitch
4) Moody
5) ICRA

36. 117th Constitutional Amendment bill relates to?
1) SC, ST reservation in promotions
2) Lokpal and Lokayukta
3) Goods and services Tax
4) increase the retirement age of high court judges
5) change of the entry of Oriya Language to Odiya in the 8th Schedule of Constitution of India

37. Assom Ratna Award for the year 2012 conferred on?
1) Indira Goswami (known by her pen name Mamoni Raisom Goswami)
2) Surendranath Medhi (known by his pen name Saurav Kumar Chaliha)
3) Tarun Gogoi (Chief minister of Assam)
4) Janaki Ballav Patnaik (Governor of Assam)
5) Prafulla Kumar Mahanta (President of the Asom Gana Parishad)

38. The International Workshop on Green National Accounting held on 5 April 2013 at?
1) Mumbai
2) Kolkata
3) Kochi
4) Pune
5) New Delhi

Answers:

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

BANKING AWARENESS PRACTICE QUESTIONS

1. By increasing repo rate, the economy may observe the following effects ______
a) Rate of interest on loans and advances will be costlier.
b) Industrial output would be affected to an extent.
c) Banks will increase rate of interest on deposits.
d) Industry houses may borrow money from foreign countries.
e) All of these.

2. Increased interest rates, as is existing in the economy at present 
will_______
a) Lead to reduction in borrowings
b) Lead to lower GDP growth.
c) Mean higher cost of raw materials.
d) Mean lower cost of raw materials.
e) Mean higher wage bill.

3. Which of the following schemes is launched to provide pension to people in unorganized sectors in India?
a) Swabhiman
b) Jeevan Dhara
c) Jeevan Kalyan
d) ASHA
e) Swalamban

4. A cheque returned for insufficiency of funds. Payee will have right to notice and approach court of law for justice under section 138 of which act?
a) Indian Penal Code
b) Negotiable Instrument Act
c) Criminal Procedure Code
d) Payment and Settlement Act
e) Indian Contract Act

5. Mr. Rajendra had filled a complaint with Banking Ombudsman but is not satisfied with the decision. What is the next option before him for getting his matter resolved?
a) Write to the CMD of the Bank.
b) File an appeal before the Finance Minister.
c) File an appeal before the Banking Ombudsman again.
d) File an appeal before the Dy. Governor RBI. 
e) Simply close the matter as going to court involves time and money.

6. Which of the following is an example of Financial assets?
a) National Saving Certificate
b) Infrastructure Bonds
c) Indira Vikas Patra
 d) Krishi Vikas Patra
 e) All of these


7. Bank branches which can undertake foreign exchange business directly are known as:
a) Authorized dealers
 b) Foreign dealers 
c) Overseas branches 
d) Approved dealers
 e) Exchange branches

8. Insurance cover for bank deposits in our country is provided by ____
a) SBI 
b) Govt of India 
c) GIC 
d) LIC
e) DICGC

9. The Financial Literacy does not include which of the following?
a) How to invest the funds
b) How to use the limited funds carefully
c) How to minimize the risks
d) How to reinvest the money earned
e) None of these

10. 'ADB Refer to 
a) Amedical Development Bank
b) Amedical depository Bureau
c) Additional Debit Balance
d) Only a&b
e) Asian Development bank 

11. When a banker talks about CDR, what is he talking about?
a) Corporate Debt Restructuring 
b) Corporate Debt Rollover 
c) Company Debt Rollover
d) Corporate Deposit Restructuring
e) Company Deposit Restructuring

12. Expand the term ALM as used in Banking/Finance sector?
a) Asset Liability Management
b) Asset Liability Maturity
c) Asset Liability Mismatch
d) Asset Liability Manpower
e) Asset Liability Maintenance

13. Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) are terms most closely related to which of the following industries/ markets?
a) Capital Market
 b) Banking industry
 c) Commodities market
d) Money Market
 e) Mutual fund

14. What is the maximum period for which domestic term deposits are normally accepted by the banks in our country?
a) 3 yr 
b) 5 yr
c) 7 yr
d) 10 yr
e) 12 yr

15. If you wish to purchase some US Dollars for your travel abroad, you should approach?
a) The ministry of finance
b) The US Embassy
c) Any Bank Branch authorized to do such activity
d) The Reserve Bank of India
e) External Affairs Ministry

16. What does the letter 'L' stands for in the term LAF commonly used in financial/economic news?
a) Liquidity
b) Least
 c) Liabilities
d) Long
 e) Liquid

17. Which of the following is not classified as a Commercial Bank?
a) Public Sector Bank
 b) Foreign Bank
c) Private Sector Bank
d) Regional Rural Bank
 e) Urban Cooperative Bank

18. Which of the following is not the name of the a Banking Organization?
a) HDFC 
b) IDBI 
c) YES
d) SEBI 
e) ICICI

19. Money laundering means _____a) Hiding of income source mainly to avoid income tax
b) Money acquired from undisclosed sources and deposited in foreign banks
c) Money acquired from undisclosed sources and deposited in foreign banks
d) Process of conversion of money obtained illegally to appear to have originated from legitimate sources to convert black money into white money.
e) Money acquired from drug trafficking

20. Monetary Policy as an arm of the economic policy is administered by _____
a) Government of India
 b) RBI 
c) SBI
 d) Govt of the respective states
e) None 

21. Which of the following is not a primary function of a Bank?
a) Granting loans 
b) Collecting cheques/ drafts of Customers
c) Arranging VISA for students for abroad education 
d) Issuing bank drafts 
e) Selling Gold/Silver Coins.

22. Reserves which can act as a liquidity buffer for Commercial Banks during crisis times are ___
a) CAR b) CRR
c) CAR & CRR
d) CRR & SLR 
e) SLR

Answers:

1) a; 2) c; 3) e; 4) b; 5) d; 6) a; 7) a; 8) e; 9) e; 10) e; 
11) a; 12) a; 13) b; 14) d; 15) c; 16) a. 17) e; 18) d; 19) d; 20) b;
21) c; 22) d. 

BANKING AWARENESS PRACTICE MCQs

1. What is India's rank in this year's Global Peace Index (GPI) that measured peace in 162 countries? 
1) 141
2) 110
3) 132
4) 134 
5) 152


2. The Reserve Bank of India imposed fine on which of the following private sector banks for violation of KYC (Know Your Customer) norms in June 2013? 
1) Axis Bank 
2) HDFC Bank 
3) ICICI Bank 
4) Both 1 and 2 
5) All 1, 2 and 3 

3. Rafael Nadal of Spain won the French Open Men's Lawn Tennis Grand Slam title for a record 8th time. Whom did he defeat in the final in Paris in June 2013?
1) Roger Federer
2) Novak Djokovic 
3) David Ferrer
4) Andy Murray
5) Jo Wilfred Tsonga 

4. Who was appointed the United States National Security Adviser in June 2013? 
1) Samantha Power 
2) John McCain 
3) Lindsey Graham 
4) Susan Rice
5) John Kerry 


5. Who won her second French Open Women's tennis title in Paris on June 8, 2013?
1) Maria Kirilenko 
2) Maria Sharapova 
3) Jelena Jankovic 
4) Victoria Azarenka 
5) Serena Williams 

6. Who was re-elected as the Chairman of the Indian Banks' Association (IBA) for 2013-14 tenure in June 2013?
1) Aditya Puri 
2) Pratip Chaudhuri 
3) Rana Kapoor 
4) K.R.Kamath 
5) B.A.Prabhakar 

7. The headquarters of European Union is situated in which of the following countries?
1) UK
2) Germany 
3) France 
4) Belgium 
5) Netherlands 

8. The name 'Bluetooth' gets its name from a 10th century king of?
1) China
2) Denmark 
3) Greece
4) Thailand 
5) Spain 

9. Baglihar Dam is constructed on the river?
1) Chenab 
2) Raavi 
3) Indus 
4) Sutlej 
5) Beas 

10. Which country will host both the World Cup Football 2014 and Olympics 2016?
1) Russia 
2) USA 
3) Brazil 
4) Japan 
5) Germany 

11. Bharat Ratna was instituted in? 
1) 1954 
2) 1955 
3) 1961
4) 1969
 5) 1960

12. The present Pope chosen in March 2013 hails from?
1) Canada 
2) Mexico 
3) Brazil 
4) Argentina 
5) Uruguay 

13. 'Paradise Regained' was written by? 
1) John Keats 
2) Charles Dickens 
3) John Milton 
4) Oliver Goldsmith 
5) Lord Byron 

14. 'CRY' is an NGO which works for the welfare of?
1) Senior citizens
2) Cancer patients 
3) War victims 
4) Children 
5) AIDS patients

15. The USP of a Current account is?
1) High minimum balance 
2) No restrictions on transactions 
3) No interest payable 
4) Restricted deposits 
5) None of these

16. Leads for Home Loans can be obtained from?
1) Traders
2) Trusts 
3) Builders 
4) Cooperative societies 
5) None of these 


17. The target group for SME loans is?
1) Students 
2) Housewives 
3) Entrepreneurs 
4) Salaried persons 
5) Government undertakings

18. Which of the following terms is used in the field of finance and banking?
1) Metabolism 
2) Genetic process 
3) Centrifugal force 
4) Debt instrument 
5) Experimental error

19. The National Social Security Fund (NSSF) helps which of the following groups of society?
1) Bank employees 
2) Central government employees 
3) Workers in the unorganized sector 
4) Workers in the textile industry
5) Women employees 

20. Which of the following tools is used by the RBI to control credit and monetary situations of the markets?
1) RTGS 
2) NEFT 
3) ECS
4) CRR 
5) Balance of trade 

21. Which of the following countries is located in South America?
1) South Sudan 
2) South Korea 
3) Uganda 
4) Angola 
5) Uruguay 

22. Which of the following is the currency of Myanmar? 
1) Taka 
2) Dinar 
3) Kyat 
4) Yen 
5) Dollar 

23. Which of the following terms is not used in the field of Economics?
1) Net income 
2) Cost of project 
3) Flow of fund 
4) Balance sheet 
5) Cold chain

24. Reverse Mortgage scheme is designed keeping which of the following groups of society in consideration? 
1) Defense personnel 
2) Senior citizens 
3) Youngsters who just started earning 
4) Dependent women 
5) None of these 

25. What happens when an economy is in recession?
1) GDP growth slows down 
2) Unemployment rate rises 
3) Bankruptcies rise 
4) Both 1 and 2 
5) All 1, 2 and 3

26. Retail investors means which of the following types of stock market investors?
1) Mutual funds 
2) Corporate bodies 
3) Promoters of companies 
4) Individuals 
5) FIIs

27. Which of the following is not an agricultural commodity?
1) Cardamom 
2) Cumin 
3) Garlic 
4) Turmeric 
5) Sulphur 

Answers:

1) 1; 2) 5; 3) 3; 4) 4; 5) 5; 6) 4; 7) 4; 8) 2; 9) 1; 10)3; 
11) 1; 12) 4; 13) 3; 14) 4; 15)2; 16) 3; 17) 3; 18) 4; 19) 3; 20) 4;
21) 5; 22) 3; 23) 5; 24) 2; 25) 5; 26) 4; 27) 5;

BANKING AWARENESS PRACTICE MCQs

1.What is the full form of CRR as used in banking sector?
a) Crucial Reserve Rate
b) Cash Reserve Ratio
c) Current Reserve Ratio 
d) Core Current Ratio
e) None.

2.What is the full form of LAF as used in the banking world very frequently ?
a)Liquid Advances Finance
b)Liquidity Adjustment Facility
c)Legal Adjournment Formality
d)Local Advance Finance
e)Late Arrival of Finance

3.Where is the headquarters of International Monetary Fund?
a) Geneva
b) Paris
c) London 
d) Manila
e) Washington DC

4.Many Regional Rural Banks are given licence to open branches in small cities and towns. These licences are given by:
a)Cabinet Committee on economic affairs
b)Reserve Bank Of India
c) NABARD
d)Indian Banks Association
e)None of these

5. Which of the following organisations/agencies is not associated with the world of Banking and Finance?
a) SEBI
b) AMFI
c) RBI
d) ECGC
e) SPCA

6.Banks recover term loan from the parties in EMIs. What does the letter 'E' represent in the term?
a) Easy
b) Effective
c) Equated 
d) Essential
e) Economical

7.What is the Bank Rate at Present?
a) 2%
b) 4%
c) 8.25%
d) 8%
e) None of these

8.Which of the following is not a scheduled commercial bank?
a) IDBI 
b) AXIS
c) HDFC
d) NABARD
e) Kotak Mahindra Bank

9.Which of the following certainly is an effort in the direction of Financial Inclusion?
a) Internet Banking
b) Anywhere Banking
c) No-frills Account
d) Foreign Currency Accounts
e) All of these

10.Who amongst the following Padma Bhusan awardees is a famous Banker?
a) Azim H Premji
b) Kapila Vatsyayan
c) Chanda Kochhar
d) Waheeda Rahman
e) Brajesh Mishra

11.Which of the following Acts has specially been launched to facilitate banks in recovery of bad loans?
a) RBI Act
b) Banking Regulation Act
c) Companies Act 
d) Income Tax Act
e) SARFAESI Act

12.The financial assistance or loans of Rs. 10,000 by a bank to a very small borrower will be called?
a) Business Finance
b) Govt. Finance 
c) Micro Finance
d) Small Finance 
e) KYC finance

13.Who amongst the following cannot work as a Business Correspondent as given in the scheme launched by the banks ?
a) Kirana Store
b) Post Office
c) Self Help Group 
d) A Bank Officer
e) Co-operative Society

14. Some banks are financing big projects like construction of roads, bridges etc. Finacing such projects means banks are helping exactly in:
a) Infrastructural Development
b) Project Management
c) Developing core sector Industry
d) Financial Inclusion
e) All of these

15.As we know, a lot of new concepts are being used in the field of banking these days, which of the following is NOT one such concept/product directly associated with banks ?
a) RTGS 
b)SMS alert
c) Demat Account
d) ATM/Debit card 
e) Number Portability

16.Which of the following is NOT a Nationalised bank?
a) Union Bank of India
b) Central Bank of India
c) YES Bank
d) Syndicate Bank
e) Indian Bank

Answers:

1) b; 2) b; 3) e; 4) b; 5) e; 6) c; 7) c; 8) d; 9) c; 10) c; 
11) e; 12) c; 13) d; 14) a; 15) e; 16) c.