1. Bank having maximum number of branches in India
Correct : B. State Bank of India
2. 100/- Rupee note is signed by
Correct : C. RBI Governor
3. ATM password should be kept in
Correct : C. Memory
4. Industrial Finance Corporation of India, is a Non-Banking Finance Company
Correct : A. True
5. Nomination can be done in
Correct : D. All of above
6. Who is the present Governor of RBI?
Correct : C. Raghuram Rajan
7. Regional Rural Banks (RRBs) were established by Regional Rural Banks Act in
Correct : A. 1976
8. Bank does not provide loans for
Correct : D. Drinking & Gambling
9. KYC means
Correct : A. Know your customer
10. IDBI is the abbreviation of ……
Correct : A. Industrial Development Bank of India
11. ATM means
Correct : C. Automated Teller Machine
12. Timely repayment of loans results
Correct : D. All of above
13. General Insurance relates to insurance against
Correct : D. All of above
14. Aadhaar is
Correct : C. Both (a) & (b)
15. Which is prohibited for writing on currency notes?
Correct : D. All of above
16. PPF means
Correct : C. Public Provident Fund
17. Interest on Savings Bank Deposits is paid
Correct : C. Half yearly
18. While making nomination, signature of nominee is required on
Correct : D. None of above
19. Highest denomination of currency notes issued by RBI is
Correct : D. Rs.10,000/-
20. NRI means
Correct : D. None of above
21. PAN means
Correct : C. Permanent Account Number
22. In Recurring Deposits,
Correct : D. All of above
23. Bank provides loans for
Correct : D. All of above
24. National Housing Bank (NHB), was set up on
Correct : A. 9 July 1988
25. The safest place for keeping money
Correct : C. Bank
26. Gold and silver ornaments should be kept in bank lockers
Correct : C. Both (a) & (b)
27. National Bank for Agriculture & Rural Development is the Full form of
Correct : A. NABARD
28. Coins are issued by
Correct : A. Government of India
29. Bank Pass Book is
Correct : D. All of above
30. Banks pays interest on
Correct : A. Deposits
31. Bank charges interest on
Correct : B. Loans
32. NHB is the full name of
Correct : A. National Housing Bank
33. Business Correspondent means
Correct : A. An agent who provides banking services
34. Internet banking refers to
Correct : A. Operation of account through internet
35. Nomination once done can
Correct : B. Be cancelled
36. Who can open bank account?
Correct : D. All of above
37. PAN number is required for
Correct : C. Deposits Rs.50,000/- & above
38. TDS means
Correct : C. Tax Deducted at Source
39. Maximum amount of Cheque
Correct : B. No limit
40. Bank draft is issued by
Correct : D. All of above
41. Industrial Development Bank of India is established in
Correct : A. 1964
42. Industrial Reconstruction Corporation of India is the abbreviation of
Correct : B. IRCI
43. The main function of the Export and Import Bank of India is
Correct : D. none of the above.
44. Export-Import (EXIM) Bank of India is the principal financial institution set up in
Correct : A. 1982
45. SIDBI is one of the four All India Financial Institutions regulated and supervised by
the Reserve Bank of India
Correct : A. True
46. National Bank for Agriculture and Rural Development (NABARD) is an
apex …………………………….. fully owned by Government of India.
Correct : A. Development finance institution
47. Which bank is known as banker’s bank?
Correct : A. RBI
48. Current deposit is also known as ……….
Correct : B. demand deposit
49. which deposits are repayable after the expiry of the fixed period ?
Correct : B. time deposit
50. …………… is a credit facility granted by commercial banks to current
account holders
Correct : B. overdraft
51. The process of …………. begins with banks lending money out of
primary deposit.
Correct : A. credit creation
52. NBFI s refers to ……….
Correct : B. Non Banking Financial Institution
53. Delivery of financial services at affordable costs to the disadvantaged
Low income segments of the society known as………..
Correct : C. Financial Inclusion
54. When a deposit of money is received by the banker , the banker becomes the
…………?
Correct : B. debtor
55. When a deposit of money is received by the banker , the customer becomes the …………..?
Correct : B. creditor
56. The primary relationship between banker and customer is …………….
Correct : B. debtor and creditor
57. A ……….. is a person to whom the management of a particular property is
entrusted for the exclusive benefit of a third party
Correct : C. trustee
58. Bankers Book Evidence Act was comes into existence ----
Correct : B. 1891
59. ………… is the right of a creditor to retain possession of the property belonging to the debtor until certain demands of the person in possession are satisfied.
Correct : A. Lien
60. FDR stands for …………..
Correct : B. Fixed Deposit Receipt
61. In which year Negotiable Instrument Act was passed ………?
Correct : C. 1881
62. …………… is a person who draws or makes a cheque
Correct : B. Drawer
63. In the case of a cheque the drawee will always be a specified ………… with
whom the drawer keeps an account.
Correct : D. banker
64. ………… is a person to whom the amount of a cheque is payable
Correct : C. Payee
65. Which one of them are correct in the case of parties involved in a cheque ?
Correct : C. Drawer, Drawee and Payee
66. In which types of banking system several banks joins hands with each other for
meeting the credit requirements of the large borrower ?
Correct : B. consortium banking
67. Th e practice of conducting banking transactions from home rather than at
bank branches by means of electronic telecommunication known as------
Correct : D. home banking
68. NPA means ----
Correct : B. Non-Performing Asset
69. Example for Foreign Bank is -----
Correct : B. City Bank
70. Bank of Baroda is an example for -------
Correct : C. Public sector Bank
71. Federal Bank is a ------
Correct : A. Private sector Bank
72. IBRD is also Known as -----
Correct : B. World Bank
73. State financial corporations is an example for --------
Correct : A. Industrial Bank
74. ----- is a loan for short term temporary financing for Business firms .
Correct : B. Bridge loans
75. ------- is a temporary financial arrangement by the bank to draw more than the
amount standing to his credit.
Correct : A. Overdraft
76. General relationship between banker and customer is -----
Correct : B. trustee and beneficiary
77. While accepting deposit,a banker becomes ------ and customer is -----
Correct : B. Debtor and Creditor
78. There is no fixed place of repayment in -------
Correct : B. ordinary commercial debt
79. Prime lending rate is charged by
Correct : A. Commercial bank
80. When did the banking sector reforms initiates
Correct : C. 1991
81. Under which banking aims at targeting customers with large value
transaction
Correct : A. Whole sale banking
82. On which rate method, the interest is charged on the full amount of the
loan throughout the entire period of loan
Correct : C. Flat rate of interest
83. A type of loan given by one bank to another bank is……..?
Correct : A. money at call and short notice
84. CRR and SLR are monetary policy instruments
Correct : A. True
85. Globalization has increased the role of central bank.
Correct : A. True
86. Which one of the following statements is most appropriate regarding transaction made in
money?
Correct : A. It is the easiest way.
87. Which one of the following is a modem form of currency?
Correct : D. Paper notes
88. Which among the following authorities issues currency notes on behalf of the government?
Correct : D. Reserve Bank of India
89. In which of the following systems exchange of goods is done without use of money?
Correct : B. Barter system
90. Banks provide a higher rate of interest on which of the following accounts?
Correct : C. Fixed deposits for long period
91. Banks use the major portion of the deposits to:
Correct : C. Extend loans
92. What percentage of their deposits is kept as cash by the banks in India?
Correct : C. 15%
93. The informal source of credit does not include which one of the following?
Correct : C. Cooperative Societies
94. Which one of the following is the new way of providing loans to the mral poor?
Correct : D. SHGs
95. Why is currency accepted as a medium of exchange?
Correct : A. Because the currency is authorised by the government of the country.
96. Who issues the currency notes in India?
Correct : C. Only Reserve Bank of India can issue currency notes.
97. CRR refer s to …………..
Correct : A. Cash Reserve Ratio
98. SLR refers to …………..
Correct : A. Statutory Liquidity Ratio
99. RBI ACT was comes in to existence……
Correct : A. 1934
100. Banking Regulation Act was comes into existence………