1. At Present, What is the maximum amount that
a payment bank can accept from a depositer?
Correct : B. Rs.1 lakh
2. Basic Objective of SEBI is/are:
Correct : E. All of the above
3. Which of the following will be the co-investor for India Aspiration Fund (IAF) and SIDBI Make In India Loan For Enterprises (SMILE),funds launched by SIDBI?
Correct : B. LIC
4. Customer Day in the bank is on and customers are allowed to meet the top officials of the bank on this day in every month:
Correct : C. 15th
5. Which of the following is the name of the organization specifically to develop small scale industrial sector in our country?
Correct : C. SIDBI
6. Mutual Funds are regulated by
Correct : B. Securities and Exchange Board of India
7. Which of the following types of ATMs eliminates the need for PIN early and authenticated customer transactions by thumb impressions.
Correct : B. Biometric ATMs
8. Maximum age for retirement for MD/CEO of all private banks is
Correct : A. 70
9. The New Capital Adequacy Frame work prescribed for the banks is commonly known as?
Correct : C. Basel accord
10. Regulatory Authority for Regional Rural Bank is of
Correct : A. RBI and NABARD
11. Real Time Gross Settlement System means a payment system in which
Correct : A. both processing and final settlement of funds transfer instructions can take place continuously
12. Which of the following banks is not nationalized in 1969
Correct : D. Oriental Bank of Commerce
13. Effective from 15th April, 1980, how many banks with demand and time liabilities exceeding 200 crore were nationalized?
Correct : C. six
14. Which one of the following rates is not decided by RBI
Correct : D. Prime Lending rate
15. What does AGM stand for?
Correct : D. Annual General Meeting
16. What does CRR stand for?
Correct : C. Cash Reserve Ratio
17. What does 'DD' stand for
Correct : D. Demand Draft
18. RBI was established on ?
Correct : D. 1st April 1935
19. Which among the following is at times mentioned as a kind of Direct Debit Facility?
Correct : B. ECS
20. What does EXIM Bank stand for?
Correct : C. Export Information Bank of India
21. Which among the following is not under the control of central banking authority?
Correct : E. Equity market and debt market supervision and control
22. A very large loan extended by a group of small banks to a single borrower is known as
Correct : B. Syndicated loan
23. Safe deposit locker – a product offered in the Indian retail banking segment under:
Correct : C. Retail services
24. When it comes to retail deposit products, which among the following is irrelevant?
Correct : D. Depository services
25. Which term refers closure of the loan account
prior to the tenure fixed for the account?
Correct : B. Pre Closure
26. Leasing, hire purchase and bill discounting are the domain of
Correct : A. Non banking companies
27. The difference between the total cost of a project and the sanctioned loan amount is termed as
Correct : D. Margin Amount
28. The capital markets regulatory authority has supervision over:
Correct : E. All the above
29. When it comes to money market instruments, which among the following is not true?
Correct : D. Corporate securities
30. A debt which is irrecoverable and is therefore written off as loss in the accounts of an institution or bank is known as
Correct : C. Bad debt
31. is basically charged when a
person uses a credit card to obtain cash.
Correct : D. Cash Advance Fee
32. Time period that is considered from the inception of the credit, investment or negotiable instrument and ends upon the maturity or expiry of the instrument is referred as
Correct : A. Amortisation Period
33. Urban cooperative banks are controlled by and
Correct : B. NABARD – RBI
34. Which is an interest-free period that is to be given by a creditor to debtor?
Correct : C. Grace Period
35. Goods and Service Tax, would replace which of the following taxes levied at present?
Correct : C. Value added tax
36. Which of the following sectors makes maximum contribution to the National Income of India?
Correct : B. Service
37. What is fiat money?
Correct : A. The currency backed by Government Guarantee
38. In the term STRIPS, the S denotes
Correct : C. Separate
39. KYC guidelines followed by the Banks have been framed on the recommendations of the
Correct : B. Reserve Bank of India
40. The Base rate for banks in India is set up by?
Correct : B. RBI
41. Where is the head quarter of Insurance Regulatory and Development Authority (IRDA)?
Correct : A. Hyderabad
42. Where is the head quarter of Telecom Regulatory Authority of India (TRAI)?
Correct : A. New Delhi
43. What is the full form of NAV?
Correct : C. Net Asset Value
44. Which of the following is known as the concept of a standard contract to buy or sell a specified commodity at a certain date in future and at a market driven price?
Correct : B. Futures Contract
45. Which of the following depicts the financial
position of a bank or business enterprise at a given point of time?
Correct : A. Balance sheet
46. When financial institutions and banks undertake activities related to banking like investment, issue of debit and credit card etc then it is known as ?
Correct : B. Universal banking
47. What is the full form of NIM?
Correct : A. Net Interest Margin
48. Which of the following is a financial ratio that gives a measure of a company‘s ability to meet its financial losses?
Correct : B. Leverage Ratio
49. When it comes to organized sector, which among the following is not true?
Correct : D. money lenders
50. Name the country‘s first small finance bank which started its operations recently?
Correct : A. Capital Local Area Bank
51. A is an institution which accepts deposits, makes business loans and other related services
Correct : C. Commercial bank
52. In which of the public sector bank, government decided to take a move to lower its stake below 51%?
Correct : A. IDBI Bank
53. The initial public offer is connected to which
among the following:
Correct : A. Primary market
54. Name the mobile app started by SBI to stop the debit card details whereby the customer can activate or deactivate its debit card by just sending an SMS?
Correct : C. SBI Quick
55. The industries securities market refers to the market which deals in:
Correct : E. Only (a) and (b) as above
56. According to a report, India replaced China as top destination for foreign direct investment in 2015 by attracting how much worth of FDI projects?
Correct : D. $63 billion
57. Which state owned bank has become the top
mobiliser under Gold Monetization Scheme, launched by Modi government?
Correct : C. Punjab National Bank
58. Which among the following is short term borrowings for any firm?
Correct : E. Sundry creditors
59. The Imperial Bank of India was renamed as?
Correct : D. State Bank of India
60. Find the odd man out when it comes to sanctioning of loans to a customer?
Correct : D. Procuring
61. SBI Day is observed on
Correct : D. July 1
62. What do you mean by RIDF?
Correct : B. Rural Infrastructure development fund
63. India became the country in the world
to have a bank especially for women.
Correct : D. 3
64. When it comes to electronic banking which
among the following are not coming under the purview of electronic banking?
Correct : D. safe deposit locker
65. Which of the following is the purpose of
introducing ―Know Your Customer‖ norms by the banks?
Correct : C. To ensure that the money deposited in banks has come from genuine sources
66. The returned non resident Indians are permitted to open the following accounts:
Correct : C. RFC account
67. Financial instruments provided short term
and they include
Correct : E. All the above
68. Government has infused Rs 2,229 crore into which public sector bank in lieu of preferential allotment of shares?
Correct : B. IDBI
69. A depositor can deposit his funds any number of times he likes and can also withdraw the same any number of times he wishes
Correct : D. both (a) and (b)
70. Which bank has earmarked Rs 20 crore to
support employees who were affected by the floods in Chennai?
Correct : C. Royal Bank of Scotland
71. When it comes to unorganized sector, which among the following is not true?
Correct : E. Cooperative bank
72. Disha Microfin and , will merge expecting the combination to help them launch a stronger small finance bank.
Correct : C. Future Financial Services
73. Banks borrow in this money market for the following purposes:
Correct : D. All the above
74. The Deposit Insurance Credit Guarantee Scheme was formed on ?
Correct : C. January 1, 1962
75. According to RBI guidelines the term ‗bulk deposit‘ is used for single rupee term deposit of
Correct : A. Rs. 1 crore and above
76. The currency notes issued by Reserve Bank of
India are under the signature of ?
Correct : C. Governor
77. The Minimum Net Owned Fund for NBFC- MFIs registered in the North Eastern Region of the country is
Correct : D. Rs.2 crore
78. The Lead Bank Scheme was introduced in the year ?
Correct : B. 1969
79. In SNRR Account, SNRR stands for
Correct : E. Special Non Resident Rupee
80. Who pays commission to banks for conducting Government business?
Correct : C. RBI
81. We can open a saving bank account in the sole name of a minor if he completes age of ?
Correct : B. 10
82. The IMGC is the sole provider of mortgage guarantor for housing finance in India. The alphabet ―I‖ in the abbreviation IMGC stands for
Correct : A. India
83. Banks are increasingly selling Insurance products mainly due to ?
Correct : C. It helps increase commission income of a bank
84. A collection of non-bank financial intermediaries that provide services similar to traditional commercial banks is known as
Correct : C. Shadow Banking System
85. The term ―Bancassurance‖ means _?
Correct : B. Selling of Insurance products by Banks
86. The national agency mandated to control, analyse and disseminate Suspicious Transaction Reports(STR), Cash Transaction Reports and counterfeit currency reports to various investigative agencies of the country after receiving it from banks and other financial intermediaries is
Correct : B. Financial Intelligence Unit(FIU)
87. The Lead Bank Scheme was introduced on the basis of recommendations of ?
Correct : C. Study group appointed by National Credit Council under the chairmanship of Prof. D. R. Gadgil
88. An NBFC-MFI is defined as a non-deposit
taking NBFC (other than a company licensed under Section 25 of the Indian Companies Act, 1956) with Minimum Net Owned Funds of
Correct : A. Rs.5 crore
89. At present, the maximum interest a bank offers on Saving bank account is ?
Correct : D. As per bank policy, as the Interest rate on Savings account is deregulated
90. The ―Stand Up India‖ is aimed at promoting
entrepreneurship among women and scheduled castes and tribes. The bank loans under the scheme shall be referenced to _
Correct : A. SIDBI
91. Which of the following is not a banking term?
Correct : D. Entry load
92. Which of the following is not classified as a Commercial Bank?
Correct : E. Urban Cooperative Bank
93. SHCIL was established in 1986 under the Government of India as
Correct : B. Public Ltd
94. What is the purpose of KYC in banking?
Correct : E. Both (a) and (c)
95. The ratio of deposits to loans of a bank is known as
Correct : E. Other than those given as options
96. In International Banking
terms,‖Appreciation‖ of Rupee means _
Correct : C. Availability of less foreign currency vis-a-vis rupee
97. Aadhar Housing Finance Ltd is going to be merged with which of the following?
Correct : A. DHFL Vysya Housing Finance Ltd
98. Which of the following banks has planned to commence urban microfinance operations in its 85 branches across the country?
Correct : D. Axis Bank
99. is the percentage of total deposits of a bank which it has to keep with itself in the form of
liquid assets.
Correct : A. Statutory Liquidity Ratio (SLR)
100. According to a news, the State Bank of India was being put in ―Hall of Shame‖ list along with some other banks. The reason for this was
Correct : B. for financing a US cluster bomb manufacturer