1. Which of the following banks have become the
first banks to join SWIFT‘s global payments initiative?
Correct : D. Axis Bank and ICICI
2. NBFCs consist of
Correct : D. None of the above
3. Recently, Yeldi Softcom received a licence for RBI to set up which of the following?
Correct : B. semi-closed wallet
4. The Kisan Credit Card Scheme is being
implemented by all
Correct : D. All of the above
5. RBI has imposed a fine of Rs 1 crore on which of the following banks for flouting bill discounting norms?
Correct : D. UCO Bank
6. Demand draft is a
Correct : C. negotiable instrument
7. The Reserve Bank of India imposed how much penalty on Bank of Baroda in the alleged Rs 6000 crore forex related irregularities that came to light in October last year?
Correct : A. Rs 5 crore
8. By crossing we mean
Correct : D. two transverse parallel lines on a cheque
9. Caixa Bank has been headquartered in
Correct : B. Spain
10. Capital market can be divided into
Correct : D. both a) and b)
11. The Headquarters of Capital Local Area Bank is situated in
Correct : D. Jalandhar, Punjab
12. What are the facilities available to the
customers through ATM
Correct : E. all of the above
13. The following are main objectives of the SEBI
Correct : D. all of the above
14. DBS Bank has been headquartered in
Correct : C. Singapore
15. To restrict expansion of credit, the Reserve Bank
Correct : A. raises the bank rate
16. How many types of PSLCs can be issued by the Banks?
Correct : A. Four
17. Which of the following is included in bancassurance?
Correct : D. All the above
18. What is the loan limit for education in the country under priority sector?
Correct : B. 10 lakh
19. To control inflationary situation in the economy, RBI can increase one or more of these monetary tool?
Correct : A. Crr-Slr-Bank Rate
20. How many sub-categories are classified under
Agriculture sector?
Correct : D. Three
21. Which among the following is/are the different type(s) of category under priority sector?
Correct : D. All of the Above
22. Which amongst the following is called as mother of deposits?
Correct : D. savings bank
23. The Priority Sector Lending Certificates (PSLCs) can be traded using the RBI‘s
Correct : A. e-Kuber platform.
24. When it comes to the following term namely- IPO, what do you mean by ―P‖?
Correct : B. Public
25. Loan given by the banks to farmers/small shop owners etc. is known as
Correct : C. Priority Loan
26. ―Sensitive Index‖ of Bombay Stock Exchange is called
Correct : D. Sensex
27. A Pledge means
Correct : C. bailment of goods as security for payment of a debt or performance of a promise
28. With effect from 1st July 2010, interest rates of Banks are linked to which of the following?
Correct : A. Base Rate
29. Balance Sheet of a firm indicates which of the following?
Correct : C. Financial position of the unit as on a particular date.
30. National Housing Bank(NHB) was set up
under
Correct : A. National Housing Bank Act, 1987
31. What is difference between banks & HFCs?
Correct : D. All of the Above
32. ―Matryoshka bond‖ is issued by?
Correct : C. Russia
33. An Indian rupee denominated bond issued outside India is called
Correct : E. Masala bond
34. The safest form of Crossed Cheque is
Correct : D. Account payee crossing
35. RBI was established on .
Correct : B. April 1, 1935
36. On 19th July 1969, 14 banks were nationalized, these banks had deposits of more than
Correct : B. Rs 50 crore
37. What is macro-economics?
Correct : A. macro economics deals with economic activities of the level of an economy as a whole
38. Factoring is
Correct : A. a means of financing traders and manufactures by taking over their receivables
39. Which of the following banks was first to establish merchant banking business in India?
Correct : E. Grindlays Bank
40. Who can open various types of non-resident
accounts?
Correct : D. all
41. Free Trade Refers to
Correct : C. Unrestricted exchange of Goods and Services.
42. FCNR (banks) accounts are maintained in the form of
Correct : C. Term deposits (except recurring deposits)
43. Under which act does RBI issue directives to banks?
Correct : D. Banking Regulation Act, 1949
44. GATT stands for:
Correct : C. General Agreement on Tariffs and Trade
45. Inventor of ATM was:
Correct : C. John Adrian Shepherd Barron (A British)
46. The trading regulations of GATT were established between and :
Correct : A. 1947 and 1994
47. Slogan of Allahabad Bank is:
Correct : B. A Tradition of Trust
48. Syndicate Bank was established in in Udupi:
Correct : C. 1925
49. United Bank of India Limited was formed in
1950 with the amalgamation of:
Correct : E. All of The Above
50. Vijaya Bank is a sized Public Sector Bank with presence across India:
Correct : A. Medium Sized
51. On the basis of which commission was RBI established?
Correct : A. Hilton Young Commission
52. Expand LIBOR?
Correct : A. London Inter Bank Offered Rate
53. Through which of the following sources domestic funds are raised by companies?
Correct : A. IPO only
54. In India, which among the following is/are a part of Legal Tender Money?
Correct : A. Both coins and currency notes
55. When was IDBI delinked from the RBI and taken over by Government of India?
Correct : A. 1976
56. Which among the following is correct?
Correct : C. Ways and means advances given by RBI
57. Who was the first Indian Governor of RBI?
Correct : C. CD Deshmukh
58. KYC‘ (Know Your Customer) norms were
implemented in the Indian banking system in 2002 as per the directive of ?
Correct : B. RBI
59. Expand CRAR in terms of banking sector.
Correct : B. Capital –to-Risk Asset Ratio
60. One rupee notes and coins are issued by
Correct : D. Finance Minister of Central government of India
61. What does ‗Kite Flying‘ refers to in the banking terminology?
Correct : D. Permitting drawls against uncleared cheques
62. Which of the following banks is not wholly owned by the Government of India?
Correct : B. State Bank of India
63. Which of the following would fall under the category of retail banking?
Correct : E. All of these
64. ‗Swabhiman‘, the financial inclusion scheme, comes under the purview of which ministry?
Correct : C. Ministry of Finance
65. Under which of the following type of account is a specified amount deposited every month for a specified period, says, 12, 24, 36 and 60 months?
Correct : D. Recurring Account
66. How Commercial banks can regulate money supply?
Correct : D. Creation of demand deposits
67. Credit is a
Correct : C. A stock-flow concept
68. The term ―HNI‖ used in banking parlance means ?
Correct : B. High Net-worth Individual
69. A customer is required to maintain adequate balances in his/her accounts in order to use his card in the merchant establishments?
Correct : D. Debit Card
70. Economic planning is an essential feature of
Correct : C. Social economy
71. Who covered the Export Credit Packing Advance sanctioned to SSI exporters under the credit guarantee scheme?
Correct : B. ECGC
72. SEBI is a
Correct : B. Statutory body
73. What is the ―USP‖ in a Savings Bank account of a Bank over another Bank?
Correct : A. Higher rate of interest
74. Which of the following remains at the top of
organizational structure of RBI?
Correct : C. Central board of directors
75. In terms of Reserve Bank of India (RBI)
guidelines, Banks in India must pay a minimum interest on the balances held in Saving bank account at ?
Correct : A. 4%
76. Which of the following can be called as
‗National Income‘?
Correct : A. Net National Income at factor cost
77. FIMMDA‘s general principles and procedures are applicable to ?
Correct : D. All of the above
78. Expand FIPP –
Correct : C. Foreign Investment Promotion Board
79. Who regulates chit funds in India?
Correct : B. State Governments
80. A Co-Operative Bank operating in different States is regulated by ?
Correct : C. Multi Unit Co-Operative Societies Act
81. You might have heard about PMI data. What is PMI?
Correct : C. Purchasing Managers Index
82. Hypothecation is applicable in the case of
?
Correct : A. Movable goods
83. Banking sector comes under which sector?
Correct : A. Services sector
84. Which of the followings can be used for Current Account Deficit financing?
Correct : E. All FII, FDI and ECB
85. A company which pools money from investors and invests in stocks, bonds, shares is called ?
Correct : D. Mutual Fund
86. Which of the following agreement/accord is related to baking reforms?
Correct : B. Basel accord
87. What is ‗STT‘?
Correct : B. Securities transaction tax
88. Which was the first Mutual Fund started in India ?
Correct : E. None of the above
89. Bureau of Indian Standards (BIS) has its headquarters in
Correct : D. New Delhi
90. The regulator for Mutual Funds in India is?
Correct : D. SEBI
91. If the Statuary Liquidity Ratio (SLR) is increased, what will be the effect on Bank‘s credit situation?
Correct : A. It will be reduced
92. Expand CIN with respect to OLTAS.
Correct : A. Challan Identification Number
93. The components of Tier I capital of a banking company include:
Correct : C. both (a) and (b)
94. What is the meaning of ‗I promise to pay‘ clause written on notes?
Correct : A. The bank’s obligation to pay the value of banknote does not arise out of a contract but out of statutory provisions.
95. What is the name of technology given to the
recently introduced computerised clearance of cheques:
Correct : B. MICR
96. To enforce law and order Government of India has many agencies. SFIO is one of them. Expand it.
Correct : B. Serious Fraud Investigation Office
97. The government has allowed issue of Long- Term Bonds for Insurance Companies and others upto:
Correct : C. 25 years
98. Consider these statements:-
Statement I – One rupee note is the liability of GOI. Statement II – Two rupee note is the liability of RBI.
Correct : A. Both statements are true.
99. Banking Regulation Act, 1949, does not at all apply to
Correct : D. Primary agricultural credit societies and cooperative land mortgage banks
100. Consider these Statement I – Other than Rs. 1000 note, the security threads of the banknotes contain the word ‗Bharat‘ in Devanagari script and ‗RBI‘ alternatively.
Statement II – In Rs. 1000 note, the security contains the word ‗Bharat‘ in Devanagari ‗1000‘, and ‗RBI‖.