The Reserve Bank of India on 27 August 2013 released the Discussion Paper on ‘Banking Structure in India – The Way Forward’.
Primary Features of the Discussion Paper on ‘Banking Structure in India – The Way Forward’
• The paper focuses on certain building blocks for the reorientation of the banking structure with a view to addressing various issues such as enhancing competition, financing higher growth, providing specialised services and furthering financial inclusion.
• The paper also emphasised the need to address the concerns arising out of such changes with a view to managing the trade off for ensuring financial stability.
• The paper discussed that the overall thrust of the reorientation is to impart dynamism and flexibility to the evolving banking structure, while ensuring that the structure remains resilient and promotes financial stability.
Crucial issues covered by the Discussion Paper on ‘Banking Structure in India – The Way Forward’
• Small banks vs. large banks: The paper discussed how small local banks play an important role in the supply of credit to small enterprises and agriculture and banking services in unbanked and under-banked regions in India. However, while permitting large number of small banks, there are certain issues which need to be addressed suitably and these issues include their size, numbers, capital requirements, exposure norms, regulatory prescriptions, corporate governance and resolution.
• Universal Banking: The paper discussed that the universal banking model remains the dominant and preferred model in most of the post crisis world because of the failure of many investment banks during the crisis. In this banking model, the Financial Holding Company (FHC) structure offers a range of benefits and therefore becomes a preferred model. The paper discussed that there is a need of promoting investment banks as well as investment banking activities.
• Continuous Authorisation: The RBI, in its paper discussed that there is a case for reviewing the current ‘Stop and Go’ licensing policy and consider adopting a continuous authorisation policy, as continuous authorisation keeps the competitive pressure on the existing banks and also does not strain the banking system as the block licensing may do. The entry norms should however be stringent in order to encourage the entry of only well-qualified entities.
• Conversion of UCBs into commercial banks: The RBI in its paper discussed the possibilities of converting the UCBs to commercial banks or small banks in order to help them reach the regions that are characterised by poor banking outreach.
• Consolidation: The RBI suggested, in its paper that taking into account the pros and cons of consolidation, it has to be taken into consideration that while consolidation of commercial banks with established synergies and on the basis of voluntary initiatives is welcome, it cannot be imposed on banks. A measured approach is to be made both on consolidation and global presence even if attaining global size is not imminent.
• Presence of Foreign Banks in India: The importance of the foreign banks in India has increased tremendously after the crisis. Domestic incorporation of these banks through the route of subsidiarisation has gained momentum.
• Presence of Indian Banks at International Locations: The RBI suggested local incorporation by large banks either individually or in joint venture mode with other banks or with overseas banks, at the international locations. This will enable the large Indian banks to engage in a much wider range of activities and have greater potential for growth. Eventually, this may facilitate banks increasing their global reach.
• Government Ownership: The Central Bank suggested that optimal ownership mix in the banking sector is required to promote a balance between efficiency, equity and financial stability. The Government of India may consider options from menu of choices available such as issue of non-voting equity shares or differential voting equity shares, adopting FHC structure or diluting stake in PSBs.
• Deposit Insurance and resolution: The RBI, in its paper discussed that the existence of an effective resolution regime is essential for any type of banking structure India may pursue. The FSB key attributes could be the guiding principles for setting up a resolution framework in India.
• Indicative reorientation of the banking structure: The RBI suggested that the reoriented banking structure would comprise four tiers. The first tier may consist of three or four large Indian banks with domestic and international presence along with branches of foreign banks in India. The second tier is likely to comprise several mid-sized banking institutions including niche banks with economy-wide presence. The third tier may encompass old private sector banks, Regional Rural Banks, and multi state Urban Cooperative Banks. The fourth tier may embrace many small privately owned local banks and cooperative banks.
The need of Discussion Papers by the Reserve Bank of India
The need of reviewing the banking systems has been taken up by various jurisdictions, primarily after the global meltdown. The motive of current exercise in reviewing the banking structure in India is to put forth various options to enable the banking system to cater to the needs of a growing and increasingly globalising economy.
Various studies have been undertaken in order to examine whether the nature of the banking structure matters for the economic growth of a country.
In the light of all this, the Reserve Bank of India issued guidelines for licensing of new banks in the private sector on 22 February 2013. In those guidelines, it was stated that there was a need for an explicit policy on banking structure in India, keeping in view the recommendations of the Narasimham Committee, Raghuram Rajan Committee and other viewpoints.
Tuesday, 3 September 2013
Tuesday, 27 August 2013
GENERAL AWARENESS MCQs FOR BANK EXAMS
1. Habiba Sarobi recently conferred with....
1) Bharat Ratna
2) Noble Award for Peace
3) Ramon Magsaysay Award
4) Templeton Prize
5) None
2. First full pledged legislation to allow the formation of Co-operative Societies is .......
1) Co-operative Credit Societies Act, 1904
2) Co-operative Credit Societies Act, 1912
3) Co-operative Credit Societies Act, 1911
4) Co-operative Credit Societies Act, 1971
5) None
3. The first Act to pass to pave the establishment of Co-operative banks -
1) Co-operative Credit Societies Act, 1922
2) Co-operative Credit Societies Act, 1924
3) Co-operative Credit Societies Act, 1972
4) Co-operative Credit Societies Act, 1951
5) Co-operative Credit Societies Act, 1912
4. Which committee was appointed in 1944 to give recommendations to improve co-operative movement?
1) Hilton-young
2) Radhakrishnan
3) MacLagan
4) Rodgers
5) None
5. Which sector is the major beneficiary of Cooperative banking system till 1969?
1) Education
2) Service
3) Agriculture
4) Export
5) Industrial
6. Indian Co-operative Bank system is ........
1) Unicameral
2) Semi Federal
3) Less Federal
4) Federal
5) Autocrat
7. On 13 April 2013, RBI decided to cancel the licenses of 26 loss-making co-operative banks as they got losses. Majority of them are in .....
1) AP
2) MP
3) Karnataka
4) Rajasthan
5) UP
8. ......... is the apex of the three-tier co-operative structure in India.
1) District Central Co-operative banks
2) Union Co-operative banks
3) District Co-operative banks
4) State Co-operative banks
5) None
9. Which bank finance, coordinate and control the working of District Central Co-operative Banks in the states?
1) National Co-operative Bank
2) Primary Co-operative Bank
3) State Co-operative Bank
4) Lower Development Bank
5) None
10. State Co-operative Banks (SCB) usually lend .......
1) District Central Co-operative Banks
2) Primary Co-operative banks
3) to individuals in exceptional cases
4) All of above
5) None
11. Capital of State Co-operative Banks (SCB) mobilized from ........
1) Members of District Central Co-operative Banks
2) Members of Primary Cooperative banks
3) 1 & 2
4) Only (1)
5) None
12. The external lending agencies to State Cooperative Banks (SCB) are ......
1) NABARD
2) Development Banks
3) State Government
4) Financial institutes
5) All of above
13. ........ is the intermediate rung in the threetier Co-operative Credit structure.
1) Primary Co-operative Banks
2) State Co-operative Banks
3) National Co-operative Banks
4) District Central Co-operative Banks
5) None
14. The funds of District Central Co-operative Banks arisen from ..........
1) NABARD lending
2) State government
3) Affiliated Co-operative societies
4) Funds from State Co-operative Banks
5) All of above
15. Gross level of arms of the short term cooperative credit structure is ........
1) District Central Co-operative banks
2) Primary Agricultural Credit Society
3) State Co-operative Banks
4) National Co-operative Banks
5) None
16. The functions of Primary Agricultural Credit Society is .......
1) lending
2) mortgage
3) pledge
4) accepting deposits
5) All of above
17. Primary Urban Co-operative banks established with the aim of giving delivering banking services in .... areas.
1) Urban
2) Rural
3) Metro
4) Villages
5) None
18. By which date, the Urban Co-operative banks must implement CBS facility in all its branches as per the order of RBI on 13 March 2013?
1) 31 October 2013
2) 31 December 2013
3) 31 January 2014
4) 31 August 2013
5) None
19. The recent actions/ orders of RBI to control Co-operative banks given. Pick the correct one.
1) Customers of Pune-based Rupee Cooperative Bank restricted by limiting the amount of money that depositors can withdraw up to Rs.1000 only. It is pune based bank.
2) On 5 March 2013, RBI asked Urban Cooperative Banks (UCBs) to take necessary steps to ensure smooth transition to new international accounting norms IFRS from April 2014.
3) Amanath Co-operative Bank can conduct a financial transaction of not more than Rs.1,000 per account a day as per the directions of RBI on 7 April 2013. It is Karnataka based bank.
4) On 8 January 2013, RBI notified that all co-operative banks should not issued cobranded ATM cards without approval of RBI.
5) All of above
20. Primary Urban Co-operative Banks norms reviewed on the recommendations of ....... committee.
1) K.Madhava Rao
2) N.Laxaman Sinha
3) Vedanarayana
4) Sacchindananda
5) None
21. Probe against the chairman and directors of Gurusiddheshwar Urban Co-operative Bank started on 19th July 2013. It is in ...
1) Hublli
2) Hyderabad
3) Pune
4) New Delhi
5) Lucknow
22. Which is India's largest co-operative bank in India looking to acquire the Pune-based Rupee Co-operative Bank?
1) Mahesh Co-operative bank
2) Mandavi Co-operative bank
3) Saraswat Co-operative bank
4) Lucknow Co-operative bank
5) None
23. In an effort to defend rupee, the Union government proposed to hike in the foreign investment limit in government debt by .....
1) $ 6 billion
2) $ 8 billion
3) $ 9 billion
4) $ 5 billion
5) $10 billion
24. Who heads the inter-ministerial panel has suggested higher taxes for non-essential imports to curb the Current Account Deficit (CAD)?
1) Anil Goswamy
2) C.Ranga Rajan
3) Rajat Bhargava
4) Anand Sharma
5) None
25. On 20 July 2013, the Parliamentary Committee on Finance submitted finalized its Goods and Services Tax Report. It is headed by ......
1) Murali Manohar Joshi
2) Venkaiah Naidu
3) Raghuram Govinda Rajan
4) Aravind Mayaram
5) Yashwant Sinha
26. To settle inter-state water disputes, prevent flood and pollution, on 24 June 2013, the Union government released a Draft River Basin Management bill which aims to set up how many river basin authorities?
1) 10
2) 24
3 ) 5
4) 18
5) 12
27. For the transformation of barren land in to cultivating land which state launched Bhumi sena scheme on 8 August 2013?
1) UP
2) AP
3) MP
4) Goa
5) Jammu and Kashmir
28. Douglas Engelbart died recently. He invented ........
1) QWERTY keyboard
2) Universal Serial Bus (USB)
3) Compact Disc
4) Computer Mouse
5) None
29. As per the 2013 Global Peace Index published by the Institute for Economics and Peace, the top most peaceful countries of the world are ...... ?
1) Iceland, Denmark and New Zealand
2) USA, UK and Australia
3) Japan, Switzerland and Finland
4) India, China and Mexico
5) None
30. Indian Junior Women Hockey team won its first ever Bronze medal on 4 August 2013 in Hockey Junior World Cup held in .........
1) India
2) France
3) Japan
4) Germany
5) Australia
31. BCCI stands for ........
1) Board of Cricket Control of India
2) Board of Control for Cricket in India
3) Board of Central Cricket in India
4) Board of Cricket Commission in India
5) None
32. Parupalli Kashyap is a........
1) Badminton player
2) Chess player
3) Member of Rajyasabha
4) Mountaineer
5) None
33. From 5 September 2013, the G-20 heads of government summit to be held in ........
1) Russia
2) USA
3) UK
4) India
5) Australia
34. 'An Uncertain Glory: India and its Contradictions' co-authored by Jean Dreze and ........
1) Amartya Sen
2) Subba Rao
3) Manmohan Singh
4) Abdul Kalam
5) None
35. Kalinga prize will be given for the ......
1) Popularization of Science
2) Cricket
3) Popularization of internet
4) Architecture models
5) None
36. Informal method of borrowing is familiar from .......
1) Regional Rural Banks
2) Public Sector Banks
3) Private Sector Banks
4) Money lenders
5) NABARD
37. State Bank of Pakistan is the central bank of Pakistan. Its headquarters is in .......
1) Islamabad
2) Hyderabad
3) Sind
4) Karachi
5) Abbotabad
ANSWERS:
1-3, 2-1, 3-5, 4-3, 5-3, 6-4, 7-5, 8-4, 9-3, 10-4
11-312-5, 13-4, 14-5, 15-2, 16-5, 17-1, 18-2, 19-5, 20-1
21-1, 22-3, 23-4, 24-3, 25-5, 26-5, 27-1, 28-4, 29-1, 30-4
31-2, 32-1, 33-1, 34-1, 35-1, 36-4, 37-4
1) Bharat Ratna
2) Noble Award for Peace
3) Ramon Magsaysay Award
4) Templeton Prize
5) None
2. First full pledged legislation to allow the formation of Co-operative Societies is .......
1) Co-operative Credit Societies Act, 1904
2) Co-operative Credit Societies Act, 1912
3) Co-operative Credit Societies Act, 1911
4) Co-operative Credit Societies Act, 1971
5) None
3. The first Act to pass to pave the establishment of Co-operative banks -
1) Co-operative Credit Societies Act, 1922
2) Co-operative Credit Societies Act, 1924
3) Co-operative Credit Societies Act, 1972
4) Co-operative Credit Societies Act, 1951
5) Co-operative Credit Societies Act, 1912
4. Which committee was appointed in 1944 to give recommendations to improve co-operative movement?
1) Hilton-young
2) Radhakrishnan
3) MacLagan
4) Rodgers
5) None
5. Which sector is the major beneficiary of Cooperative banking system till 1969?
1) Education
2) Service
3) Agriculture
4) Export
5) Industrial
6. Indian Co-operative Bank system is ........
1) Unicameral
2) Semi Federal
3) Less Federal
4) Federal
5) Autocrat
7. On 13 April 2013, RBI decided to cancel the licenses of 26 loss-making co-operative banks as they got losses. Majority of them are in .....
1) AP
2) MP
3) Karnataka
4) Rajasthan
5) UP
8. ......... is the apex of the three-tier co-operative structure in India.
1) District Central Co-operative banks
2) Union Co-operative banks
3) District Co-operative banks
4) State Co-operative banks
5) None
9. Which bank finance, coordinate and control the working of District Central Co-operative Banks in the states?
1) National Co-operative Bank
2) Primary Co-operative Bank
3) State Co-operative Bank
4) Lower Development Bank
5) None
10. State Co-operative Banks (SCB) usually lend .......
1) District Central Co-operative Banks
2) Primary Co-operative banks
3) to individuals in exceptional cases
4) All of above
5) None
11. Capital of State Co-operative Banks (SCB) mobilized from ........
1) Members of District Central Co-operative Banks
2) Members of Primary Cooperative banks
3) 1 & 2
4) Only (1)
5) None
12. The external lending agencies to State Cooperative Banks (SCB) are ......
1) NABARD
2) Development Banks
3) State Government
4) Financial institutes
5) All of above
13. ........ is the intermediate rung in the threetier Co-operative Credit structure.
1) Primary Co-operative Banks
2) State Co-operative Banks
3) National Co-operative Banks
4) District Central Co-operative Banks
5) None
14. The funds of District Central Co-operative Banks arisen from ..........
1) NABARD lending
2) State government
3) Affiliated Co-operative societies
4) Funds from State Co-operative Banks
5) All of above
15. Gross level of arms of the short term cooperative credit structure is ........
1) District Central Co-operative banks
2) Primary Agricultural Credit Society
3) State Co-operative Banks
4) National Co-operative Banks
5) None
16. The functions of Primary Agricultural Credit Society is .......
1) lending
2) mortgage
3) pledge
4) accepting deposits
5) All of above
17. Primary Urban Co-operative banks established with the aim of giving delivering banking services in .... areas.
1) Urban
2) Rural
3) Metro
4) Villages
5) None
18. By which date, the Urban Co-operative banks must implement CBS facility in all its branches as per the order of RBI on 13 March 2013?
1) 31 October 2013
2) 31 December 2013
3) 31 January 2014
4) 31 August 2013
5) None
19. The recent actions/ orders of RBI to control Co-operative banks given. Pick the correct one.
1) Customers of Pune-based Rupee Cooperative Bank restricted by limiting the amount of money that depositors can withdraw up to Rs.1000 only. It is pune based bank.
2) On 5 March 2013, RBI asked Urban Cooperative Banks (UCBs) to take necessary steps to ensure smooth transition to new international accounting norms IFRS from April 2014.
3) Amanath Co-operative Bank can conduct a financial transaction of not more than Rs.1,000 per account a day as per the directions of RBI on 7 April 2013. It is Karnataka based bank.
4) On 8 January 2013, RBI notified that all co-operative banks should not issued cobranded ATM cards without approval of RBI.
5) All of above
20. Primary Urban Co-operative Banks norms reviewed on the recommendations of ....... committee.
1) K.Madhava Rao
2) N.Laxaman Sinha
3) Vedanarayana
4) Sacchindananda
5) None
21. Probe against the chairman and directors of Gurusiddheshwar Urban Co-operative Bank started on 19th July 2013. It is in ...
1) Hublli
2) Hyderabad
3) Pune
4) New Delhi
5) Lucknow
22. Which is India's largest co-operative bank in India looking to acquire the Pune-based Rupee Co-operative Bank?
1) Mahesh Co-operative bank
2) Mandavi Co-operative bank
3) Saraswat Co-operative bank
4) Lucknow Co-operative bank
5) None
23. In an effort to defend rupee, the Union government proposed to hike in the foreign investment limit in government debt by .....
1) $ 6 billion
2) $ 8 billion
3) $ 9 billion
4) $ 5 billion
5) $10 billion
24. Who heads the inter-ministerial panel has suggested higher taxes for non-essential imports to curb the Current Account Deficit (CAD)?
1) Anil Goswamy
2) C.Ranga Rajan
3) Rajat Bhargava
4) Anand Sharma
5) None
25. On 20 July 2013, the Parliamentary Committee on Finance submitted finalized its Goods and Services Tax Report. It is headed by ......
1) Murali Manohar Joshi
2) Venkaiah Naidu
3) Raghuram Govinda Rajan
4) Aravind Mayaram
5) Yashwant Sinha
26. To settle inter-state water disputes, prevent flood and pollution, on 24 June 2013, the Union government released a Draft River Basin Management bill which aims to set up how many river basin authorities?
1) 10
2) 24
3 ) 5
4) 18
5) 12
27. For the transformation of barren land in to cultivating land which state launched Bhumi sena scheme on 8 August 2013?
1) UP
2) AP
3) MP
4) Goa
5) Jammu and Kashmir
28. Douglas Engelbart died recently. He invented ........
1) QWERTY keyboard
2) Universal Serial Bus (USB)
3) Compact Disc
4) Computer Mouse
5) None
29. As per the 2013 Global Peace Index published by the Institute for Economics and Peace, the top most peaceful countries of the world are ...... ?
1) Iceland, Denmark and New Zealand
2) USA, UK and Australia
3) Japan, Switzerland and Finland
4) India, China and Mexico
5) None
30. Indian Junior Women Hockey team won its first ever Bronze medal on 4 August 2013 in Hockey Junior World Cup held in .........
1) India
2) France
3) Japan
4) Germany
5) Australia
31. BCCI stands for ........
1) Board of Cricket Control of India
2) Board of Control for Cricket in India
3) Board of Central Cricket in India
4) Board of Cricket Commission in India
5) None
32. Parupalli Kashyap is a........
1) Badminton player
2) Chess player
3) Member of Rajyasabha
4) Mountaineer
5) None
33. From 5 September 2013, the G-20 heads of government summit to be held in ........
1) Russia
2) USA
3) UK
4) India
5) Australia
34. 'An Uncertain Glory: India and its Contradictions' co-authored by Jean Dreze and ........
1) Amartya Sen
2) Subba Rao
3) Manmohan Singh
4) Abdul Kalam
5) None
35. Kalinga prize will be given for the ......
1) Popularization of Science
2) Cricket
3) Popularization of internet
4) Architecture models
5) None
36. Informal method of borrowing is familiar from .......
1) Regional Rural Banks
2) Public Sector Banks
3) Private Sector Banks
4) Money lenders
5) NABARD
37. State Bank of Pakistan is the central bank of Pakistan. Its headquarters is in .......
1) Islamabad
2) Hyderabad
3) Sind
4) Karachi
5) Abbotabad
ANSWERS:
1-3, 2-1, 3-5, 4-3, 5-3, 6-4, 7-5, 8-4, 9-3, 10-4
11-312-5, 13-4, 14-5, 15-2, 16-5, 17-1, 18-2, 19-5, 20-1
21-1, 22-3, 23-4, 24-3, 25-5, 26-5, 27-1, 28-4, 29-1, 30-4
31-2, 32-1, 33-1, 34-1, 35-1, 36-4, 37-4
Safefuards in New Banking Licence Norms
Reserve Bank of India (RBI) issued guidelines for setting up new banks in the private sector vide Press Release dated 22.02.2013. The last date for receipt of applications was 01.07.2013. In all, RBI has received 26 (twenty six) applications.
At the first stage, the applications will be screened by RBI to ensure prima facie eligibility of the applicants, including the assessment of ‘fit and proper’ status of applicants. Thereafter, the applications will be referred to a High Level Advisory Committee to be set up by RBI. In view of the processes involved, it is expected to issue ‘in-principle’ approvals for new banks by the first quarter of 2014.
The safeguards and prudential regulations which have been put in place in the guidelines for the new bank, the parent Non-Operative Financial Holding Company (NOFHC) and the consolidated bank to serve as adequate safeguards to deal with conflict of interest situations, inter-alia, include ‘fit and proper’ criteria; corporate structure of the Non-Operative Financial Holding Company (NOFHC); no exposure to the promoter group by bank, NOFHC and other financial sector entity under the NOFHC and; corporate governance of NOFHC and stipulation of majority of independent directors on the Board of the Bank.
At the first stage, the applications will be screened by RBI to ensure prima facie eligibility of the applicants, including the assessment of ‘fit and proper’ status of applicants. Thereafter, the applications will be referred to a High Level Advisory Committee to be set up by RBI. In view of the processes involved, it is expected to issue ‘in-principle’ approvals for new banks by the first quarter of 2014.
The safeguards and prudential regulations which have been put in place in the guidelines for the new bank, the parent Non-Operative Financial Holding Company (NOFHC) and the consolidated bank to serve as adequate safeguards to deal with conflict of interest situations, inter-alia, include ‘fit and proper’ criteria; corporate structure of the Non-Operative Financial Holding Company (NOFHC); no exposure to the promoter group by bank, NOFHC and other financial sector entity under the NOFHC and; corporate governance of NOFHC and stipulation of majority of independent directors on the Board of the Bank.
Investment of Banks in Money Laundering
The contravention of any of the directions and instructions issued by Reserve Bank of India (RBI) under the Banking Regulation Act, 1949 is an offence punishable under sub-section (4) of Section 46 of the Banking Regulation Act. In terms of sub-section (1) of Section 47A of the Banking Regulation Act, 1949, if a contravention or default of the nature referred to in sub-section (4) of Section 46 is made by a bank, the Reserve Bank may, inter-alia, impose on such bank, a penalty not exceeding one crore rupees for each of such contravention and a further penalty which may extend to one lakh rupees for every day during which the contravention or default continues.
The monetary penalties have been imposed on banks in exercise of powers vested in the RBI under the provisions of Section 47(A)(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949.
The fines and monetary penalties under section 46 and 47A of the Banking Regulation Act, 1949 respectively were substantially increased through the Banking Laws (Amendment Act, 2012 which was brought into force in January, 2013. The objective of the amendments was to establish an effective and dissuasive penalty regime for violations of the provisions of the Banking Regulation Act, 1949.
In view of the recent amendment to strengthen the regulatory and supervisory powers of RBI by rationalising the fine and penalty regime for violations under the Banking Regulation Act, 1949, there is no proposal to further rationalise the fine and penalty regime under the Banking Regulation Act, 1949.
The monetary penalties have been imposed on banks in exercise of powers vested in the RBI under the provisions of Section 47(A)(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949.
The fines and monetary penalties under section 46 and 47A of the Banking Regulation Act, 1949 respectively were substantially increased through the Banking Laws (Amendment Act, 2012 which was brought into force in January, 2013. The objective of the amendments was to establish an effective and dissuasive penalty regime for violations of the provisions of the Banking Regulation Act, 1949.
In view of the recent amendment to strengthen the regulatory and supervisory powers of RBI by rationalising the fine and penalty regime for violations under the Banking Regulation Act, 1949, there is no proposal to further rationalise the fine and penalty regime under the Banking Regulation Act, 1949.
Wednesday, 31 July 2013
Yes Bank became the First Lender in India to hike Deposit Rates
Yes Bank became the first lender to hike lending and deposit rates. Others may follow as the RBI move has tightened liquidity in the markets. Yes Bank said it would hike its deposit rates by 0.25 percent to 0.5 percent in select tenors effective from 1August 2013. Yes Bank took this step following the RBI’s decision to keep key policy rates unchanged and cut growth forecast.
This provides an opportunity for retail depositors to lock in higher rates on term deposits. The bank has also decided to hike its base rate by a quarter percent to 10.75 percent effective from Thursday. This will make lending by the bank costlier.
In the first quarter review of the monetary policy, the RBI had left all key policy rates unchanged to support the Rupee to stay stable. The repurchase, or the repo rate, the interest that commercial banks pay to the RBI on short-term borrowings, has been left unchanged at 7.25 percent, and so has the reverse repo rate at 6.25 percent.
In the first quarter review of the monetary policy, the RBI had left all key policy rates unchanged to support the Rupee to stay stable. The repurchase, or the repo rate, the interest that commercial banks pay to the RBI on short-term borrowings, has been left unchanged at 7.25 percent, and so has the reverse repo rate at 6.25 percent.
The cash reserve ratio (CRR), or the share of deposits banks must keep with the central bank, is also maintained at 4 percent. Earlier this month, the central bank had taken a number of measures to squeeze liquidity out of the banking system, in order to ensure stability in the currency markets.
Yes bank is India’s fourth largest private sector lender.
Thursday, 25 July 2013
GENERAL AWARENESS PRACTICE MCQs FOR IBPS PO EXAM
1. The Reserve Bank of India increased the Bank Rate on July 15, 2013. What is the present Bank Rate?
1) 8.25%
2) 9.25%
3) 10.25%
4) 9%
5) 10%
2. Which State/Union Territory has been ranked first amongst 35 States and Union Territories with regard to Financial Inclusion, according to a recent CRISIL report?
1) Puducherry
2) Chandigarh
3) Kerala
4) Tamil Nadu
5) Andhra Pradesh
3. The 2013 FIFA Under-20 World Cup was held in Turkey in June-July 2013. Which country won the tournament for the first time?
1) France
2) Uruguay
3) Ghana
4) Iraq
5) Turkey
4. Hemant Soren became the Chief Minister of which of the following states on July13, 2013?
1) Bihar
2) Chhattisgarh
3) Uttarakhand
4) Jharkhand
5) Madhya Pradesh
5. Who has been appointed as the Chairperson of the National Commission for Protection of Child Rights (NCPCR)?
1) Girija Vyas
2) Sudha Sharma
3)Kushal Singh
4) Krishna Tirat
5) Aruna Roy
6. Who was honored with the National Lata Mangeshkar Award in May 2013? (This award is instituted by the Madhya Pradesh government)
1) A.R. Rehman
2) Hariharan
3) Shreya Ghoshal
4) Shaan
5) None of these
7. Books and Authors are given. Identify the mismatched pair?
1) In Custody ---Anita Desai
2) Sea of Poppies---Amitav Ghosh
3) The Argumentative Indian ---Amartya Sen
4) Unaccustomed Earth---Jhumpa Lahiri
5) River of Smoke---V.S. Naipaul
8. Ethanol as a viable bio-fuel can be obtained from?
1) Paddy
2) Potato
3) Sugarcane
4) Wheat
5) Tobacco
9. Who among the following Padma Shri winners is not a sportsperson?
1) Yogeshwar Dutt
2) Girish Nagarajegowda
3) Dingko Singh
4) Premlata Agrawal
5) Vandana Luthra
10. Other than Venezuela, which one among the following from South America is a member of OPEC?
1) Argentina
2) Brazil
3) Ecuador
4) Bolivia
5) Chile
11. KB Kookmin Bank is based in?
1) Japan
2) South Korea
3) China
4) Malaysia
5) Singapore
12. Crystal Award is given by?
1) APEC
2) IBRD
3) WHO
4) WEF
5) WTO
13. Which one of the following was the earliest event to take place?
1) Establishment of LIC
2) Nationalization of SBI
3) Enactment of Banking Regulation Act
4) Introduction of First Five Year Plan
5) Nationalization of SBI Associate Banks
14. Who is the Chairman of the National Water Resources Council?
1) Prime Minister
2) Minister of Water Resources
3) Minister of Environment and Forests
4) Minister of Science and Technology
5) None of these
15. Which of the following is not a pharmaceutical company?
1) Chevron
2) Piramal India
3) Pfizer
4) Zydus Cadila
5) Sanofi-Aventis
16. Who among the following is a football player?
1) Fernando Alonso
2) Kimi Raikkonen
3) Lewis Hamilton
4) Sebastian Vettel
5) Fernando Torres
17. Organizations and their Headquarters are given below. Which of the following pairs is not correctly matched?
1) ADB---Manila
2) World Bank -Washington
3) APEC---Singapore
4) ASEAN---Bangkok
5) WTO---Geneva
18. The founder of World Economic Forum?
1) Robert Zoellick
2) Paul Krugman
3) Pascal Lamy
4) John Galbraith
5) Klaus Schwab
19. The 10 non-permanent members of the United Nations Security Council (UNSC) are elected by the General Assembly for a term of?
1) 1 year
2) 2 years
3) 3 years
4) 4 years
5) 5 years
20. Which one of the following Car makers does not belong to Japan?
1) Toyota
2) Honda
3) Nissan
4) Suzuki
5) Hyundai
21. Identify the mismatched pair?
1) Bank Rate---10.25%
2) Repo Rate---7.25%
3) Reverse Repo Rate---6.25%
4) CRR---4.25%
5) SLR---23%
22. Who among the following was conferred with the Padma Vibhushan Award this year?
1) Late Rajesh Khanna
2) Vijay Kumar Saraswat
3) Gayatri Spivak
4) Raghunath Mohapatra
5) Abdul Rashid Khan
23. The General Anti Avoidance Rules (GAAR) will come into force from?
1) April 1, 2014
2) April 1, 2015
3) April 1, 2016
4) April 1, 2017
5) April 1, 2018
24. 'An Angel in the Cockpit' is written by?
1) Vijay Mallya
2) Vijaypat Singhania
3) Kiran Bedi
4) Ratan Tata
5) None of these
25. The small borrowers in rural areas still prefer to take informal route for their credit needs. Which of the following is the informal route of credit?
1) Credit cards
2) Debit cards
3) RRBs
4) Commercial banks
5) Money lenders
Answers
1) 3 2) 1 3) 1 4) 4 5) 3 6) 2 7) 5 8) 3 9) 5 10) 3
11) 2 12) 4 13) 3 14) 1 15) 1 16) 5 17) 4 18) 5 19) 2 20) 5
21) 4 22) 4 23) 3 24) 2 25) 5
1) 8.25%
2) 9.25%
3) 10.25%
4) 9%
5) 10%
2. Which State/Union Territory has been ranked first amongst 35 States and Union Territories with regard to Financial Inclusion, according to a recent CRISIL report?
1) Puducherry
2) Chandigarh
3) Kerala
4) Tamil Nadu
5) Andhra Pradesh
3. The 2013 FIFA Under-20 World Cup was held in Turkey in June-July 2013. Which country won the tournament for the first time?
1) France
2) Uruguay
3) Ghana
4) Iraq
5) Turkey
4. Hemant Soren became the Chief Minister of which of the following states on July13, 2013?
1) Bihar
2) Chhattisgarh
3) Uttarakhand
4) Jharkhand
5) Madhya Pradesh
5. Who has been appointed as the Chairperson of the National Commission for Protection of Child Rights (NCPCR)?
1) Girija Vyas
2) Sudha Sharma
3)Kushal Singh
4) Krishna Tirat
5) Aruna Roy
6. Who was honored with the National Lata Mangeshkar Award in May 2013? (This award is instituted by the Madhya Pradesh government)
1) A.R. Rehman
2) Hariharan
3) Shreya Ghoshal
4) Shaan
5) None of these
7. Books and Authors are given. Identify the mismatched pair?
1) In Custody ---Anita Desai
2) Sea of Poppies---Amitav Ghosh
3) The Argumentative Indian ---Amartya Sen
4) Unaccustomed Earth---Jhumpa Lahiri
5) River of Smoke---V.S. Naipaul
8. Ethanol as a viable bio-fuel can be obtained from?
1) Paddy
2) Potato
3) Sugarcane
4) Wheat
5) Tobacco
9. Who among the following Padma Shri winners is not a sportsperson?
1) Yogeshwar Dutt
2) Girish Nagarajegowda
3) Dingko Singh
4) Premlata Agrawal
5) Vandana Luthra
10. Other than Venezuela, which one among the following from South America is a member of OPEC?
1) Argentina
2) Brazil
3) Ecuador
4) Bolivia
5) Chile
11. KB Kookmin Bank is based in?
1) Japan
2) South Korea
3) China
4) Malaysia
5) Singapore
12. Crystal Award is given by?
1) APEC
2) IBRD
3) WHO
4) WEF
5) WTO
13. Which one of the following was the earliest event to take place?
1) Establishment of LIC
2) Nationalization of SBI
3) Enactment of Banking Regulation Act
4) Introduction of First Five Year Plan
5) Nationalization of SBI Associate Banks
14. Who is the Chairman of the National Water Resources Council?
1) Prime Minister
2) Minister of Water Resources
3) Minister of Environment and Forests
4) Minister of Science and Technology
5) None of these
15. Which of the following is not a pharmaceutical company?
1) Chevron
2) Piramal India
3) Pfizer
4) Zydus Cadila
5) Sanofi-Aventis
16. Who among the following is a football player?
1) Fernando Alonso
2) Kimi Raikkonen
3) Lewis Hamilton
4) Sebastian Vettel
5) Fernando Torres
17. Organizations and their Headquarters are given below. Which of the following pairs is not correctly matched?
1) ADB---Manila
2) World Bank -Washington
3) APEC---Singapore
4) ASEAN---Bangkok
5) WTO---Geneva
18. The founder of World Economic Forum?
1) Robert Zoellick
2) Paul Krugman
3) Pascal Lamy
4) John Galbraith
5) Klaus Schwab
19. The 10 non-permanent members of the United Nations Security Council (UNSC) are elected by the General Assembly for a term of?
1) 1 year
2) 2 years
3) 3 years
4) 4 years
5) 5 years
20. Which one of the following Car makers does not belong to Japan?
1) Toyota
2) Honda
3) Nissan
4) Suzuki
5) Hyundai
21. Identify the mismatched pair?
1) Bank Rate---10.25%
2) Repo Rate---7.25%
3) Reverse Repo Rate---6.25%
4) CRR---4.25%
5) SLR---23%
22. Who among the following was conferred with the Padma Vibhushan Award this year?
1) Late Rajesh Khanna
2) Vijay Kumar Saraswat
3) Gayatri Spivak
4) Raghunath Mohapatra
5) Abdul Rashid Khan
23. The General Anti Avoidance Rules (GAAR) will come into force from?
1) April 1, 2014
2) April 1, 2015
3) April 1, 2016
4) April 1, 2017
5) April 1, 2018
24. 'An Angel in the Cockpit' is written by?
1) Vijay Mallya
2) Vijaypat Singhania
3) Kiran Bedi
4) Ratan Tata
5) None of these
25. The small borrowers in rural areas still prefer to take informal route for their credit needs. Which of the following is the informal route of credit?
1) Credit cards
2) Debit cards
3) RRBs
4) Commercial banks
5) Money lenders
Answers
1) 3 2) 1 3) 1 4) 4 5) 3 6) 2 7) 5 8) 3 9) 5 10) 3
11) 2 12) 4 13) 3 14) 1 15) 1 16) 5 17) 4 18) 5 19) 2 20) 5
21) 4 22) 4 23) 3 24) 2 25) 5
Monday, 1 July 2013
BANKING AWARENESS PRACTICE QUESTIONS
1. Banks in our country normally publicize that additional interest rate is allowed on retail domestic term deposits of?
a) Minors
b) Married Women
c) Senior citizens
d) Government Employees
e) Rural residents
2. When the rate of inflation increases?
a) Purchasing power of money increases
b) Purchasing power of money decreases
c) Value of money increases
d) Purchasing power of money remains unaffected
e) Amount of money in circulation decreases
3. A centralized database with online connectivity to branches, internet as well as ATM-network which has been adopted by almost all major banks of our country is known as?
a) Investment Banking
b) Core Banking
c) Mobile Banking
d) National Banking
e) Specialized Banking
4. Which of the following is NOT considered a money market instrument?
a) Treasury Bills
b) Repurchase Agreement
c) Commercial Paper
d) Certificate of Deposit
e) Shares and Bonds
5. Which of the following is necessary while opening deposit accounts in banks?
a) Will
b) Registration
c) Nomination
d) Indemnity
e) Guarantee
6. Which of the following is not a banking term?
a) Letter of credit
b) MIBOR
c) Factoring services
d) Entry load
e) None of these
7. Which of the following organizations issue the rules of global trade?
a) IMF
b) World Trade Organization
c) Foreign trade
d) G-20
e) None
8. One single statement that depicts the financial position of a Bank and / or Business enterprise at a given point of time is called:
a) Statement of product details
b) Foreign exchange
c) Balance Sheet
d) Balance of payment
e) Trading and Manufacturing account
9. The Reverse Mortgage scheme is launched to give benefit to which of the following groups of society?
a) Persons below 60 yrs
b) Senior Citizens
c) Unemployed youth
d) Orphans
e) All
10. One of the major challenges banking industry is facing these days is curbing deliberate efforts of some people to bring money earned through illegal activities in circulation. Which of the following act is passed to prevent this activity?
a) Payment & settlements Act
b) Control money supply Act
c) Narcotics and Psychotropic substance Act
d) Prevention of Money laundering Act
e) None
11. Which of the following scheme is not meant for investment purposes?
a) National saving certificate
b) Infrastructure bonds
c) Mutual funds
d) Letter of credit
e) None of these
12. Basel norms which are important regulatory stipulations are meant for which sector?
a) Insurance
b) Banking
c) Micro finance
d) Pension funds
e) None
13. Systematic investment Plans relates to:
a) Mutual Funds
b) Life Insurance Companies
c) Commercial Banks
d) Post office savings schemes
e) None
14. Euro money is the official currency of?
a) NATO
b) UN
c) European
d) Germany and England
e) None of these
15. Which of the following is an example of cash less purchase?
a) Debit card
b) Credit card
c) ATM withdrawal
d) All of the above
e) None
16. Whose signature appears on Indian Rs. 100 note?
a) Finance Minister
b) RBI Governor
c) Finance Secretary
d) Chairman, Planning Commission
e) None
17. While discussing investments there is a mention of short term government security. What is this investment?
a) Debenture
b) Mutual funds
c) Treasury bill
d) Share
e) None of these
18. NBFCs are an important part of the Indian financial system. what is meant by this term?
a) New Banking Financial Companies
b) Non Banking Financial Companies
c) Neo Banking Financial Confederation
d) Non banking Fiscal Companies
19. Banking loan against property requires the asset to be free from encumbrances. What does it mean?
a) The asset to be free from any liability
b) The asset to be properly registered
c) The property to be fully constructed
d) The asset should not have multiple owners
e) None
20. RBI stipulates a healthy mix of CASA in the business figures of banks. What is CASA?
a) Customer Analysis and Savings Pattern
b) Cost Appreciation and selling Analysis
c) Current Account and saving Account
d) Credit and savings Aggregate
e) None of these
21. Which one of the following is not an electronic banking delivery channel?
a) Mobile Vans
d) Mobile Phone Banking
c) Internet Banking
d) Tele Banking
e) ATM
22. The Rate at which the domestic currency can be converted into foreign currency and vice-versa is known as the ____
a) Exchange rate
b) MIBOR
c) Inter bank Call money rate
d) Base rate
e) LIBOR
23. Now-a-days Banks are selling third party products. Example of third party product is:
a) Mutual funds
b) Term deposits
c) Credit cards
d) All of these
e) None
24. Electronic Clearing Service in banks can be availed only by:
a) Individuals
b) Corporates
c) Senior Citizens
d) All of these
e) None
Answers
1) c; 2) b; 3) b; 4) e; 5) c; 6) d; 7) b; 8) c; 9) b; 10) d;
11) d; 12) b; 13) a; 14) c; 15) d; 16) b; 17) c; 18) b; 19) a; 20) c;
21) a; 22) a; 23) a; 24) d;
a) Minors
b) Married Women
c) Senior citizens
d) Government Employees
e) Rural residents
2. When the rate of inflation increases?
a) Purchasing power of money increases
b) Purchasing power of money decreases
c) Value of money increases
d) Purchasing power of money remains unaffected
e) Amount of money in circulation decreases
3. A centralized database with online connectivity to branches, internet as well as ATM-network which has been adopted by almost all major banks of our country is known as?
a) Investment Banking
b) Core Banking
c) Mobile Banking
d) National Banking
e) Specialized Banking
4. Which of the following is NOT considered a money market instrument?
a) Treasury Bills
b) Repurchase Agreement
c) Commercial Paper
d) Certificate of Deposit
e) Shares and Bonds
5. Which of the following is necessary while opening deposit accounts in banks?
a) Will
b) Registration
c) Nomination
d) Indemnity
e) Guarantee
6. Which of the following is not a banking term?
a) Letter of credit
b) MIBOR
c) Factoring services
d) Entry load
e) None of these
7. Which of the following organizations issue the rules of global trade?
a) IMF
b) World Trade Organization
c) Foreign trade
d) G-20
e) None
8. One single statement that depicts the financial position of a Bank and / or Business enterprise at a given point of time is called:
a) Statement of product details
b) Foreign exchange
c) Balance Sheet
d) Balance of payment
e) Trading and Manufacturing account
9. The Reverse Mortgage scheme is launched to give benefit to which of the following groups of society?
a) Persons below 60 yrs
b) Senior Citizens
c) Unemployed youth
d) Orphans
e) All
10. One of the major challenges banking industry is facing these days is curbing deliberate efforts of some people to bring money earned through illegal activities in circulation. Which of the following act is passed to prevent this activity?
a) Payment & settlements Act
b) Control money supply Act
c) Narcotics and Psychotropic substance Act
d) Prevention of Money laundering Act
e) None
11. Which of the following scheme is not meant for investment purposes?
a) National saving certificate
b) Infrastructure bonds
c) Mutual funds
d) Letter of credit
e) None of these
12. Basel norms which are important regulatory stipulations are meant for which sector?
a) Insurance
b) Banking
c) Micro finance
d) Pension funds
e) None
13. Systematic investment Plans relates to:
a) Mutual Funds
b) Life Insurance Companies
c) Commercial Banks
d) Post office savings schemes
e) None
14. Euro money is the official currency of?
a) NATO
b) UN
c) European
d) Germany and England
e) None of these
15. Which of the following is an example of cash less purchase?
a) Debit card
b) Credit card
c) ATM withdrawal
d) All of the above
e) None
16. Whose signature appears on Indian Rs. 100 note?
a) Finance Minister
b) RBI Governor
c) Finance Secretary
d) Chairman, Planning Commission
e) None
17. While discussing investments there is a mention of short term government security. What is this investment?
a) Debenture
b) Mutual funds
c) Treasury bill
d) Share
e) None of these
18. NBFCs are an important part of the Indian financial system. what is meant by this term?
a) New Banking Financial Companies
b) Non Banking Financial Companies
c) Neo Banking Financial Confederation
d) Non banking Fiscal Companies
19. Banking loan against property requires the asset to be free from encumbrances. What does it mean?
a) The asset to be free from any liability
b) The asset to be properly registered
c) The property to be fully constructed
d) The asset should not have multiple owners
e) None
20. RBI stipulates a healthy mix of CASA in the business figures of banks. What is CASA?
a) Customer Analysis and Savings Pattern
b) Cost Appreciation and selling Analysis
c) Current Account and saving Account
d) Credit and savings Aggregate
e) None of these
21. Which one of the following is not an electronic banking delivery channel?
a) Mobile Vans
d) Mobile Phone Banking
c) Internet Banking
d) Tele Banking
e) ATM
22. The Rate at which the domestic currency can be converted into foreign currency and vice-versa is known as the ____
a) Exchange rate
b) MIBOR
c) Inter bank Call money rate
d) Base rate
e) LIBOR
23. Now-a-days Banks are selling third party products. Example of third party product is:
a) Mutual funds
b) Term deposits
c) Credit cards
d) All of these
e) None
24. Electronic Clearing Service in banks can be availed only by:
a) Individuals
b) Corporates
c) Senior Citizens
d) All of these
e) None
Answers
1) c; 2) b; 3) b; 4) e; 5) c; 6) d; 7) b; 8) c; 9) b; 10) d;
11) d; 12) b; 13) a; 14) c; 15) d; 16) b; 17) c; 18) b; 19) a; 20) c;
21) a; 22) a; 23) a; 24) d;
Thursday, 27 June 2013
GENERAL AWARENESS PRACTICE MCQs
1. Which Banks are established to help small and marginal farmers, agricultural labour, artisans and small entrepreneurs etc?
1) Foreign Banks
2) Industrial banks
3) Regional Rural Banks
4) Exim bank
5) None
2. In which year, the Banking commission submitted the report to establish rural banks?
1)1952
2)1957
3)1958
4)1972
5)1984
3. Which prime minister mentioned the concept of 'Rural Banks' in Twenty-Point Programme announced on 1 July 1975?
1) Morarji Desai
2) Jawahar Lal Nehru
3) Indira Gandhi
4) Lal Bahadur Shastri
5) Charan Singh
4. On 30 July 1975, the working group on Rural Banks submitted report to the government of India. It was headed by?
1) Vijay C Kelkar
2) C. Ranga Rajan
3) Manmohan Singh
4) Bimal Jalan
5) Narasimaham
5. In which year, the President of India issued the ordinance to establish Regional Rural Banks?
1) 1991
2) 1985
3) 1969
4) 1975
5) 2000
6. Regional Rural Banks Act passed in?
1) 1981
2) 1969
3) 1976
4) 1980
5) 1982
7. In Regional Rural Banks, Central government holds 50% capital and Sponsored bank holds 35% capital. Who holds the remaining 15% capital?
1) Reserve Bank of India
2) NABARD
3) National housing Bank
4) State government
5) Life Insurance Corporation of India
8. Financial regulation of RRBs seen after by?
1) Reserve Bank of India
2) Securities and Exchange Board of India
3) Department of Home Affairs
4) NABARD
5) All of above
9. Supervisory powers of RRBs have been vested with?
1) Competition Commission of India
2) Small industrial Bank of India
3) Reserve Bank of India
4) NABARD
5) National Housing Bank
10. The first Regional Rural Bank India started by Syndicate Bank on 2 October 1975. It is?
1) Kashmir Bank at Jammu in Jammu and Kashmir
2) Chikmagalur Gramin Bank in
Chikmagalur in Karnataka
3) Pallavan Gramin Bank in Tamilnadu
4) Lucknow KGH Gramin Bank in Uttar Pradesh
5) Prathama Grammen bank at Moradabad in Uttar Pradesh
11. Regional Rural Banks are not found in the state of?
1) Maharashtra and Karnataka
2) Andhra Pradesh and Tamilnadu
3) Sikkim and Goa
4) Assam and Uttar Pradesh
5) Rajasthan and Haryana
12. Which committee recommended to permit RRBs to invest Non-SLR surplus funds in profitable areas?
1) Gundu Rao
2) Subba Rao
3) Bhandari
4) Diwakaran
5) Vaidyanath
13. Which committee recommended for the amalgamation of RRBs?
1) K.C. Chakravarthy
2) Usha Thorat
3) Vyas
4) C.V. Anand Bose
5) Ajay Kumar Seth
14. On 22 April 2013, the Regional Rural Banks (Amendment) Bill, 2013 introduced to increase the authorized capital of RRB from Rs. 5 crore to Rs... (in crores) ?
1) 100
2) 200
3) 1000
4) 50
5) 500
15. As per the statement given on 24 June 2013, Companies planning to apply for bank licenses will be allowed how much percent foreign direct investment (FDI) in their holding companies?
1) 100%
2) 49%
3) 51%
4) 24%
5) 71%
16. Which international monetary organization granted $110 million to help Urban services in Jammu and Srinagar on 17 May 2013?
1) World bank
2) IMF
3) Asian Development Bank
4) International Development Association
5) International Finance Corporation
17. Maturity of Inflation Indexed Bonds issued by RBI on 15th May 2013 is?
1) 5 years
2) 20 years
3) 10 Years
4) 14 years
5) 100 years
18. Clean Note Policy issued by RBI on 14 May 2013. As per RBI, on average what percentage of notes is disposed off after getting solid every year?
1) 50%
2) 2 %
3) 20%
4) 18%
5) 100%
19. Closed-end fund scheme means?
1) A scheme of an investment company in which a nonfixed number of shares are issued
2) Offer of a company to close the business at the end of year
3) A scheme of an investment company in which a fixed number of shares are issued
4) Company's offer to sell the assets at the lowest rate
5) None
20. Aam Admi Bima Yojana, a Social Security insurance Scheme for rural landless household introduced by union government on 2nd October 2007. The scheme administered by?
1) LIC
2) GIC
3) NIC
4) UIC
5) TATA AIG
21. Aim of Swavalamban is?
1) To encourage the people from the unorganised sector to voluntarily save for their retirement
2) To encourage the people to seek educational courses through distance education system
3) To ask the Non-organised sector people
to boycott their work and join in the government service
4) To encourage the house hold sector to save money
5) None
22. Operation Ganga Prahar relates to?
1) central government initiative to plant trees on the banks of Ganga River
2) banning the use of motor boats by piligrims in Ganga river
3) central government initiative to clean ganga river with the aid of local people
4) operation of Army to demolish the unauthorized construction of Buildings on the banks of Ganga River
5) rescue operation of Army to rescue the stranded pilgrims in Uttarakhand
23. New chairman of LIC is...?
1) U.K. Sinha
2) T.S. Vijayan
3) Kalyan Singh
4) S.K. Roy
5) None
24. Union Railway minister is?
1) Mallikarjun Kharge
2) Ambika Soni
3) Kapil Sibal
4) C.P. Joshi
5) Raman Singh
25. IRNSS-1A is?
1) Russia's reusable satellite
2) USA's sub sonic missile
3) Ireland's new sea port
4) Indian Regional Navigation Satellite System
5) South Africa and India Joint venture of new solar car
26. Largest five emerging economies G-5 include Brazil, China, India, Mexico and?
1) USA
2) South Africa
3) Sri Lanka
4) Japan
5) Pakistan
27. Tianhe-2 is the super computer developed by?
1) Russia
2) India
3) Japan
4) Thailand
5) China
28. As per the report of 68th round of National Sample Survey Office (NSSO) released on 20 June 2013, What is the average monthly per capita expenditure (MCPE) of the poorest of the poor in the country?
1) Rs.700.50 in urban areas and Rs. 521.44 in rural areas
2) Rs.600.50 in urban areas and Rs. 421.44 in rural areas
3) Rs.700.00 in urban areas and Rs.121.44 in rural areas
4) Rs.1000 in urban areas and Rs. 500 in rural areas
5) Rs.850 in urban areas and Rs.400 in rural areas
29. By which year, India surpass China to become most populous country in the world as per the estimates of United Nations report?
1) 2050
2) 2028
3) 2040
4) 2065
5) 2100
30. Details of Uttarakhand state given. Locate the wrong option?
1) Uttarakhand is also referred as Dev Bhumi (Land of Gods)
2) On 9th November 2000, it was formed as 27th state of Republic of India
3) Vijay Bahuguna is the present Chief Minister of state
4) Nainital is the capital of state
5) Badrinath and Kedarnath, the Hindu's important pilgrim destinations are in this state
31. The rate at which Reserve Bank of India (RBI) borrows money from banks is?
1) SLR
2) Base Rate
3) Primary Lending Rate
4) Bank Rate
5) Reverse Repo Rate
32. Who declares Reverse Repo Rate?
1) Central Government
2) State Government
3) RBI
4 ) SEBI
5) IRDA
33. If the Reverse Repo Rate increases, then bank...?
1) funds increase as they never give funds to RBI
2) funds go to overseas
3) has to close business
4) funds decrease, as bank lend the funds to RBI due to rate hike
5) None
34. If the Reverse Repo Rate increases, then interest on loans offer by banks usually'
1) decrease
2) become Zero
3) lower than earlier rate of interest
4) increase
5) None
35. Present Reverse Repo rate is?
1) 6.25%
2) 7.25%
3) 8.25%
4) 23%
5) 4%
36. In the RBI's mid-quarter monetary policy review declared on 17th June 2013, RBI seriously concerned about?
1) opening of branches by foreign banks
2) customer's KYC details
3) State governments schemes
4) Rupee fall, external sector risks and elevated food inflation
5) Poverty in top 4 metros in the slum areas
37. As per the Annual monetary policy statement 2013-2014 announced on 3 May 2013, which of the following BRICS nations showed the accelerated growth during 2012?
1) South Africa and Brazil
2) India and China
3) South Africa and China
4) China and Russia
5) Russia and Brazil
38. As per the Annual monetary policy statement 2013-2014 announced on 3 May 2013, RBI projected the growth of GDP for 2013-14 is...?
1) 5.7%
2) 2.8%
3) 5.0%
4) 9.0%
5) 8.2%
39. On 16 March 2013, a Spice Park in Mawan area of Guna district opened in the state of...?
1) UP
2) Bihar
3) Goa
4) Tamilnadu
5) MP
40. Which operation launched by BCCI to restore the credibility of IPL?
1) Operation Ball
2) Operation Fixing
3) Operation Clean-up
4) Operation Umpire
5) Operation Wicket
41. Thailand Open Grand Prix Badminton tournament won by k.Srikanth on 9 June 2013. He belongs to....?
1) Karnataka
2) Tamilnadu
3) Haryana
4) Himachal Pradesh
5) AP
1) Foreign Banks
2) Industrial banks
3) Regional Rural Banks
4) Exim bank
5) None
2. In which year, the Banking commission submitted the report to establish rural banks?
1)1952
2)1957
3)1958
4)1972
5)1984
3. Which prime minister mentioned the concept of 'Rural Banks' in Twenty-Point Programme announced on 1 July 1975?
1) Morarji Desai
2) Jawahar Lal Nehru
3) Indira Gandhi
4) Lal Bahadur Shastri
5) Charan Singh
4. On 30 July 1975, the working group on Rural Banks submitted report to the government of India. It was headed by?
1) Vijay C Kelkar
2) C. Ranga Rajan
3) Manmohan Singh
4) Bimal Jalan
5) Narasimaham
5. In which year, the President of India issued the ordinance to establish Regional Rural Banks?
1) 1991
2) 1985
3) 1969
4) 1975
5) 2000
6. Regional Rural Banks Act passed in?
1) 1981
2) 1969
3) 1976
4) 1980
5) 1982
7. In Regional Rural Banks, Central government holds 50% capital and Sponsored bank holds 35% capital. Who holds the remaining 15% capital?
1) Reserve Bank of India
2) NABARD
3) National housing Bank
4) State government
5) Life Insurance Corporation of India
8. Financial regulation of RRBs seen after by?
1) Reserve Bank of India
2) Securities and Exchange Board of India
3) Department of Home Affairs
4) NABARD
5) All of above
9. Supervisory powers of RRBs have been vested with?
1) Competition Commission of India
2) Small industrial Bank of India
3) Reserve Bank of India
4) NABARD
5) National Housing Bank
10. The first Regional Rural Bank India started by Syndicate Bank on 2 October 1975. It is?
1) Kashmir Bank at Jammu in Jammu and Kashmir
2) Chikmagalur Gramin Bank in
Chikmagalur in Karnataka
3) Pallavan Gramin Bank in Tamilnadu
4) Lucknow KGH Gramin Bank in Uttar Pradesh
5) Prathama Grammen bank at Moradabad in Uttar Pradesh
11. Regional Rural Banks are not found in the state of?
1) Maharashtra and Karnataka
2) Andhra Pradesh and Tamilnadu
3) Sikkim and Goa
4) Assam and Uttar Pradesh
5) Rajasthan and Haryana
12. Which committee recommended to permit RRBs to invest Non-SLR surplus funds in profitable areas?
1) Gundu Rao
2) Subba Rao
3) Bhandari
4) Diwakaran
5) Vaidyanath
13. Which committee recommended for the amalgamation of RRBs?
1) K.C. Chakravarthy
2) Usha Thorat
3) Vyas
4) C.V. Anand Bose
5) Ajay Kumar Seth
14. On 22 April 2013, the Regional Rural Banks (Amendment) Bill, 2013 introduced to increase the authorized capital of RRB from Rs. 5 crore to Rs... (in crores) ?
1) 100
2) 200
3) 1000
4) 50
5) 500
15. As per the statement given on 24 June 2013, Companies planning to apply for bank licenses will be allowed how much percent foreign direct investment (FDI) in their holding companies?
1) 100%
2) 49%
3) 51%
4) 24%
5) 71%
16. Which international monetary organization granted $110 million to help Urban services in Jammu and Srinagar on 17 May 2013?
1) World bank
2) IMF
3) Asian Development Bank
4) International Development Association
5) International Finance Corporation
17. Maturity of Inflation Indexed Bonds issued by RBI on 15th May 2013 is?
1) 5 years
2) 20 years
3) 10 Years
4) 14 years
5) 100 years
18. Clean Note Policy issued by RBI on 14 May 2013. As per RBI, on average what percentage of notes is disposed off after getting solid every year?
1) 50%
2) 2 %
3) 20%
4) 18%
5) 100%
19. Closed-end fund scheme means?
1) A scheme of an investment company in which a nonfixed number of shares are issued
2) Offer of a company to close the business at the end of year
3) A scheme of an investment company in which a fixed number of shares are issued
4) Company's offer to sell the assets at the lowest rate
5) None
20. Aam Admi Bima Yojana, a Social Security insurance Scheme for rural landless household introduced by union government on 2nd October 2007. The scheme administered by?
1) LIC
2) GIC
3) NIC
4) UIC
5) TATA AIG
21. Aim of Swavalamban is?
1) To encourage the people from the unorganised sector to voluntarily save for their retirement
2) To encourage the people to seek educational courses through distance education system
3) To ask the Non-organised sector people
to boycott their work and join in the government service
4) To encourage the house hold sector to save money
5) None
22. Operation Ganga Prahar relates to?
1) central government initiative to plant trees on the banks of Ganga River
2) banning the use of motor boats by piligrims in Ganga river
3) central government initiative to clean ganga river with the aid of local people
4) operation of Army to demolish the unauthorized construction of Buildings on the banks of Ganga River
5) rescue operation of Army to rescue the stranded pilgrims in Uttarakhand
23. New chairman of LIC is...?
1) U.K. Sinha
2) T.S. Vijayan
3) Kalyan Singh
4) S.K. Roy
5) None
24. Union Railway minister is?
1) Mallikarjun Kharge
2) Ambika Soni
3) Kapil Sibal
4) C.P. Joshi
5) Raman Singh
25. IRNSS-1A is?
1) Russia's reusable satellite
2) USA's sub sonic missile
3) Ireland's new sea port
4) Indian Regional Navigation Satellite System
5) South Africa and India Joint venture of new solar car
26. Largest five emerging economies G-5 include Brazil, China, India, Mexico and?
1) USA
2) South Africa
3) Sri Lanka
4) Japan
5) Pakistan
27. Tianhe-2 is the super computer developed by?
1) Russia
2) India
3) Japan
4) Thailand
5) China
28. As per the report of 68th round of National Sample Survey Office (NSSO) released on 20 June 2013, What is the average monthly per capita expenditure (MCPE) of the poorest of the poor in the country?
1) Rs.700.50 in urban areas and Rs. 521.44 in rural areas
2) Rs.600.50 in urban areas and Rs. 421.44 in rural areas
3) Rs.700.00 in urban areas and Rs.121.44 in rural areas
4) Rs.1000 in urban areas and Rs. 500 in rural areas
5) Rs.850 in urban areas and Rs.400 in rural areas
29. By which year, India surpass China to become most populous country in the world as per the estimates of United Nations report?
1) 2050
2) 2028
3) 2040
4) 2065
5) 2100
30. Details of Uttarakhand state given. Locate the wrong option?
1) Uttarakhand is also referred as Dev Bhumi (Land of Gods)
2) On 9th November 2000, it was formed as 27th state of Republic of India
3) Vijay Bahuguna is the present Chief Minister of state
4) Nainital is the capital of state
5) Badrinath and Kedarnath, the Hindu's important pilgrim destinations are in this state
31. The rate at which Reserve Bank of India (RBI) borrows money from banks is?
1) SLR
2) Base Rate
3) Primary Lending Rate
4) Bank Rate
5) Reverse Repo Rate
32. Who declares Reverse Repo Rate?
1) Central Government
2) State Government
3) RBI
4 ) SEBI
5) IRDA
33. If the Reverse Repo Rate increases, then bank...?
1) funds increase as they never give funds to RBI
2) funds go to overseas
3) has to close business
4) funds decrease, as bank lend the funds to RBI due to rate hike
5) None
34. If the Reverse Repo Rate increases, then interest on loans offer by banks usually'
1) decrease
2) become Zero
3) lower than earlier rate of interest
4) increase
5) None
35. Present Reverse Repo rate is?
1) 6.25%
2) 7.25%
3) 8.25%
4) 23%
5) 4%
36. In the RBI's mid-quarter monetary policy review declared on 17th June 2013, RBI seriously concerned about?
1) opening of branches by foreign banks
2) customer's KYC details
3) State governments schemes
4) Rupee fall, external sector risks and elevated food inflation
5) Poverty in top 4 metros in the slum areas
37. As per the Annual monetary policy statement 2013-2014 announced on 3 May 2013, which of the following BRICS nations showed the accelerated growth during 2012?
1) South Africa and Brazil
2) India and China
3) South Africa and China
4) China and Russia
5) Russia and Brazil
38. As per the Annual monetary policy statement 2013-2014 announced on 3 May 2013, RBI projected the growth of GDP for 2013-14 is...?
1) 5.7%
2) 2.8%
3) 5.0%
4) 9.0%
5) 8.2%
39. On 16 March 2013, a Spice Park in Mawan area of Guna district opened in the state of...?
1) UP
2) Bihar
3) Goa
4) Tamilnadu
5) MP
40. Which operation launched by BCCI to restore the credibility of IPL?
1) Operation Ball
2) Operation Fixing
3) Operation Clean-up
4) Operation Umpire
5) Operation Wicket
41. Thailand Open Grand Prix Badminton tournament won by k.Srikanth on 9 June 2013. He belongs to....?
1) Karnataka
2) Tamilnadu
3) Haryana
4) Himachal Pradesh
5) AP
Subscribe to:
Posts (Atom)