Banking Awareness | Set 6

1. The interest on recurring deposit is paid on the basis of?

A. Interest calculated on daily products basis

B. Simple interest on monthly products basis

C. Simple interest calculated monthly basis

D. Quarterly compounding

E. None of these

Correct : D. Quarterly compounding

3. What is international banking?

A. Providing of variety of financial services to the customers who are living outside their home country

B. Providing of financial services to the customers who are living in home country

C. Banking between two countries

D. All of the above

E. None of these

Correct : A. Providing of variety of financial services to the customers who are living outside their home country

4. When RBI reduce the CRR it results into

A. Increase in lendable resources

B. Decrease in lendable resources

C. Increase in deposit

D. Decrease in deposit

E. None of these

Correct : A. Increase in lendable resources

5. In banking services, which are the major characteristics affecting the channel selection

8. Which of the following is the retail banking product?

9. Which of the following is NOT required for opening a bank account?

10. Which of the following is not a tool in the hands of RBI to control the inflationary pressure in the country?

A. Bank Rate (BR)

B. Special Drawing Rights (SDR)

C. Statutory Liquidity Ratio (SLR)

D. Cash Reserve Ratio (CRR)

E. None of these

Correct : B. Special Drawing Rights (SDR)

11. When was the Financial Market Department was established by RBI?

12. which among the following is at times mentioned as a kind of Direct Debit Facility?

18. In which among the following types occurs the Interest Rate Risk?

19. Which of the following is the biggest borrower in India?

20. Which of the following terms is used in banking field?

21. E.P.S. in share market stands for:

22. According to the ASSOCHAM reports, which among the following states has topped in the country in terms of growth in the industry and service sectors in the last ten years?

23. has become the first state in India to launch RBI‘s e- payment system for commercial tax payers.

26. Which of the following organizations issue the rules of global trade?

27. Sub Prime lending" is a term applied to the loans made to

A. Those borrows who do not have a good credit history

B. Those who wish to take loan against the mortgage of tangible assets

C. Those who have a good credit history and are known to bank since 10 years

D. Those borrowers who are most preferred customers of the bank

E. None of these

Correct : A. Those borrows who do not have a good credit history

28. RBI stipulates a healthy mix of CASA in the business figures of banks. What is CASA?

A. Current Account and saving Account

B. Credit and savings Aggregate

C. Customer Analysis and Savings Pattern

D. Cost Appreciation and selling Analysis

E. None of these

Correct : A. Current Account and saving Account

29. In India, Infrastructure Debt Fund can be established as a Trust or a company. Which of the following regulated the Infrastructure Debt Fund set up as a trust?

30. Which of the following is necessary while opening deposit accounts in banks?

31. Which bank recently introduced the Software Robotics for power banking operations?

32. Which of the following banks recently launched 'Mingle', a social media banking platform for Facebook and Twitter users?

35. Now a bank can enter in the field of insurance sector. To enter in the field of insurance the minimum net worth of a bank should be

36. When banks are undertaking the business of bancassurance, they attract supervision of

37. The banks included in 2nd schedule of are known as scheduled banks

A. Banking Regulation Act

B. Reserve Bank of India Act

C. Negotiable Instrument Act

D. Banking (Acquisition & Transfer of Properties)Act

E. Banking Companies Act

Correct : B. Reserve Bank of India Act

38. The nationalisation of 14 Indian commercial banks, with deposits over and above Rupees 50 Crores, was undertaken by government of India, on

39. After nationalisation of 14 commercial banks, the government of India had nationalised other 6 commercial banks, with deposits over and above Rupees 200 Crores, during

40. On 4th September, 1993. a loss making nationalised bank was merged with Punjab National Bank by government of India. The name of the bank was

41. Who is holding the share capital of nationalised banks

42. is a short term and unsecured promissory notes issued by corporations with very high credit standings:

43. CBS stands for:

A. Code Banking Solutions

B. Core Banking Solutions

C. Central Banking Solutions

D. None of The Above

E. Core Bank System

Correct : B. Core Banking Solutions

44. Slogan of Corporation Bank is:

45. White Label ATM means:

A. The ATM that does not have any bank logo.

B. The ATM carries logo of RBI

C. Both of Above

D. None of These

E. ATM Carries fund

Correct : A. The ATM that does not have any bank logo.

46. Which among the following is correct about the ―White Label ATM‖:

A. Any non bank entity with a minimum net worth of Rs. 100 crore can apply for white label ATMs. (Not Just NBFCs, any non bank entity can apply)

B. White Label ATM does not carry any bank’s logo.

C. RBI has given license/permission to non – bank entities to open White Label ATMs.

D. Sponsor Bank provides the cash.

E. All of the Above

Correct : E. All of the Above

47. TCPSL started their White Label ATMs chain under brand name :

48. Which among the following is correct about Brown Label ATMs:

A. These ATMs are owned and maintained by service provider.

B. Bank whose Brand name is used on ATM takes care of cash management and network connectivity.

C. Both of Above

D. None of These

E. ATM Carries fund

Correct : C. Both of Above

49. Which among the following definitions are correct:

A. Online ATMS – These ATMs are connected to the bank’s database at all times and provide real time transactions online. The withdrawal limits and account balances are constantly monitored by the bank.

B. Offline ATMs – These ATMs are not connected to bank’s database hence they have a pre-defined withdrawal limit fixed and you can withdraw that amount irrespective of the balance in your account.

C. Onsite ATM – The ATMs installed within a branch premises

D. All of the Above

E. None of These

Correct : D. All of the Above

50. Which among the following definitions of ATMs are incorrect:

A. Onsite ATM – The ATMs installed within a premises.

B. Stand Alone ATM – The ATMs are not connected with any ATM network hence their transactions are restricted to the ATM’s branch and link branches only.

C. Both of Above

D. Online ATMS - These ATMs are connected to the bank’s database at all times and provide real time transactions online. The withdrawal limits and account balances are constantly monitored by the bank.

E. None of These

Correct : E. None of These

51. Which of the following is not classified as a commercial Bank ?

52. Which among the following is a qualitative tool of monetary policy?

53. From time – to – time, which among the following body publishes the ―exchange control Manual‖ in context with the foreign exchange in India?

54. Which bank has launched the country‘s first contactless debit and credit cards on 7 January 2015?

55. In recent times, the term Gold ETF was making news. Which among the following closest instrument to Gold ETF?

57. Which of the following is the best option to park money for a long period of time to earn a high rate of interest?

58. Which of the following bank has recently launched a new home loan product ―Women Power‖ with a differential rate of interest exclusively for women customers?

59. What do well can an arrangement whereby an issuing bank at the request of the importer (Buyer) undertakes to make payment to the exporter (Beneficiary) against stipulated documents?

60. Which of the following is not a primary function of a Bank?

A. Granting Loans

B. Collecting Cheques/Drafts customers

C. Facilitating import of goods

D. Issuing Bank Drafts

E. Selling Gold/Silver Coins

Correct : C. Facilitating import of goods

61. Among the banks in our country, which of the following is not a foreign bank?

62. Which among the following body authorizes the credit limit to the national cooperative marketing federation?

63. The headquarters of local boards of RBI are located at :

A. Mumbai, Kolkata, Chennai and New Delhi

B. Mumbai, Jaipur, Chennai and Mysore

C. Mumbai, Ahmedabad, Chennai and New Delhi

D. Mumbai, Ahmedabad, Jaipur and New Delhi

E. None of these

Correct : A. Mumbai, Kolkata, Chennai and New Delhi

64. Which among the following is NOT a pillar of Basel III?

A. Minimum capital standards

B. Supervisory review

C. Market discipline

D. Consolidation of assets

E. None of the above

Correct : D. Consolidation of assets

65. Budget is an instrument of

A. Commercial policy of the government

B. Fiscal policy of the Government

C. Monetary policy of the government

D. Money-saving policy of the government

E. None of these

Correct : B. Fiscal policy of the Government

66. Kisan Credit Card (KCC) scheme introduced in ……………… has emerged as an innovative credit delivery mechanism to meet the credit requirements of the farmers in a timely and hassle – free manner.

67. Which of the following is a Private Sector Bank in India?

68. Why reserve bank of India is called custodian of foreign balances of the country?

A. because government delegates RBI to redistribute the foreign currencies in India

B. because RBI maintains both gold and foreign currencies as reserves against note issues

C. because RBI is delegated by the Government to absorb all the foreign currency in India

D. b and c

E. None of the above

Correct : B. because RBI maintains both gold and foreign currencies as reserves against note issues

69. If the customer can do all transactions only in a branch and the branch has no online access, it is called .

70. Which of the following measures will have positive impact on Inflation? (1). Reduction in unnecessary expenditure of (2). Increase in savings of the people (3). Surplus (4). Halt in repayment of public debt and Select the correct codes

71. In respect of partnership business, LLP stands for ?

A. Limited Liability Partnership

B. Limited Loan Partnership

C. Local Labour Promotion

D. Low Labour Projects

E. None of these

Correct : A. Limited Liability Partnership

73. Interest payable on savings bank accounts is?

74. Banking services delivered to a customer by means of a computer control system that does not directly involve banks branch is called?

75. account records the change in stock of reserve assets (also known as foreign exchange reserves) at the country‘s monetary authority.

76. Which of the following is NOT a retail banking product?

77. is defined as a sustained increase in the general level of prices for goods and services.

78. RBI was established on ?

79. referring to the purchase of assets in the rest of the world, which allows control over that assets.

A. Commercial Borrowings

B. Foreign Indirect Investment

C. Portfolio Investment

D. Foreign Direct Investment

E. None of these

Correct : D. Foreign Direct Investment

80. Out of 27 Public Sector Banks (PSBs), Govt of India controls 22 banks through majority holding and which of the following state-run entities holds majority stake in the remaining 5 banks?

81. Which of the following is NOT a KYC requirement while opening a bank account?

82. The term SMART MONEY refers to:

83. Commercial banks provide locker facility to their customer for .

A. Satisfying the Bank’s jewellry and gold needs.

B. Filing important documents

C. Safe custody

D. Storing excess gold and valuables of banks

E. None of these

Correct : C. Safe custody

84. ASBA (Application Supported by Blocked Amounts) used with the help of banks associated with

85. The excess of total expenditures over total receipts is known as:

86. Who invented the first operational ATM ?

87. A money deposited in a bank that cannot be withdrawn for a preset fixed period of time is known as:

88. FEMA 1999 stands for .

A. Foreign Economy Management Act 1999

B. Foreign External Management Act 1999

C. Foreign Exchange Management Act 1999

D. Financial Exchange Management Act 1999

E. None of these

Correct : C. Foreign Exchange Management Act 1999

90. ‗Trusted Family Bank‘ – is the tagline of –

91. Foreign Direct Investment limit in private sector banks is?

92. CRISIL has been promoted by and ?

93. Which is the first Committee that gave its recommendations relating to Mechanization of Banking System?

95. The term is defined as a central location for keeping securities on deposit?

96. The number of lead merchant bankers may not exceed in case any issue of, issue size 200crore to 400crore?

97. Role of merchant bankers——–?

98. In which circumstance Dear money policy will be adopted by Reserve Bank of India?

99. Which of the following is not a primary function of a Bank?

A. Granting Loans

B. Collecting Cheques/Drafts customers

C. Facilitating import of goods

D. Issuing Bank Drafts

E. None of these

Correct : A. Granting Loans

100. Reserves which can act as a liquidity buffer for commercial banks during crisis times are

Quiznetik

Banking Awareness | Set 6

1. The interest on recurring deposit is paid on the basis of?

2. In which year UTI was split into UTI-I and UTI-II?

3. What is international banking?

4. When RBI reduce the CRR it results into

5. In banking services, which are the major characteristics affecting the channel selection

6. What does 'DD' stand for

7. The term smart money refers to

8. Which of the following is the retail banking product?

9. Which of the following is NOT required for opening a bank account?

10. Which of the following is not a tool in the hands of RBI to control the inflationary pressure in the country?

11. When was the Financial Market Department was established by RBI?

12. which among the following is at times mentioned as a kind of Direct Debit Facility?

13. How many Deputy Governors are there in RBI?

14. Which among the following does not decided the RBI?

15. What does ‗T‘ in RTGS stand for?

16. In which year does the Differential Rate of Interest Scheme was introduced?

17. Islamic Development Bank located in which country?

18. In which among the following types occurs the Interest Rate Risk?

19. Which of the following is the biggest borrower in India?

20. Which of the following terms is used in banking field?

21. E.P.S. in share market stands for:

22. According to the ASSOCHAM reports, which among the following states has topped in the country in terms of growth in the industry and service sectors in the last ten years?

23. has become the first state in India to launch RBI‘s e- payment system for commercial tax payers.

24. is the organization that maintains the borrower‘s history in India.

25. Which of the following is not a Public Sector Unit?

26. Which of the following organizations issue the rules of global trade?

27. Sub Prime lending" is a term applied to the loans made to

28. RBI stipulates a healthy mix of CASA in the business figures of banks. What is CASA?

29. In India, Infrastructure Debt Fund can be established as a Trust or a company. Which of the following regulated the Infrastructure Debt Fund set up as a trust?

30. Which of the following is necessary while opening deposit accounts in banks?

31. Which bank recently introduced the Software Robotics for power banking operations?

32. Which of the following banks recently launched 'Mingle', a social media banking platform for Facebook and Twitter users?

33. Which of the following financial institutions is based in the Basel city of Switzerland?

34. Who is issuing license to perform insurance business by banks

35. Now a bank can enter in the field of insurance sector. To enter in the field of insurance the minimum net worth of a bank should be

36. When banks are undertaking the business of bancassurance, they attract supervision of

37. The banks included in 2nd schedule of are known as scheduled banks

38. The nationalisation of 14 Indian commercial banks, with deposits over and above Rupees 50 Crores, was undertaken by government of India, on

39. After nationalisation of 14 commercial banks, the government of India had nationalised other 6 commercial banks, with deposits over and above Rupees 200 Crores, during

40. On 4th September, 1993. a loss making nationalised bank was merged with Punjab National Bank by government of India. The name of the bank was

41. Who is holding the share capital of nationalised banks

42. is a short term and unsecured promissory notes issued by corporations with very high credit standings:

43. CBS stands for:

44. Slogan of Corporation Bank is:

45. White Label ATM means:

46. Which among the following is correct about the ―White Label ATM‖:

47. TCPSL started their White Label ATMs chain under brand name :

48. Which among the following is correct about Brown Label ATMs:

49. Which among the following definitions are correct:

50. Which among the following definitions of ATMs are incorrect:

51. Which of the following is not classified as a commercial Bank ?

52. Which among the following is a qualitative tool of monetary policy?

53. From time – to – time, which among the following body publishes the ―exchange control Manual‖ in context with the foreign exchange in India?

54. Which bank has launched the country‘s first contactless debit and credit cards on 7 January 2015?

55. In recent times, the term Gold ETF was making news. Which among the following closest instrument to Gold ETF?

56. Which is the first bank to get ISO certificate?

57. Which of the following is the best option to park money for a long period of time to earn a high rate of interest?

58. Which of the following bank has recently launched a new home loan product ―Women Power‖ with a differential rate of interest exclusively for women customers?

59. What do well can an arrangement whereby an issuing bank at the request of the importer (Buyer) undertakes to make payment to the exporter (Beneficiary) against stipulated documents?

60. Which of the following is not a primary function of a Bank?

61. Among the banks in our country, which of the following is not a foreign bank?

62. Which among the following body authorizes the credit limit to the national cooperative marketing federation?

63. The headquarters of local boards of RBI are located at :

64. Which among the following is NOT a pillar of Basel III?

65. Budget is an instrument of

66. Kisan Credit Card (KCC) scheme introduced in ……………… has emerged as an innovative credit delivery mechanism to meet the credit requirements of the farmers in a timely and hassle – free manner.

67. Which of the following is a Private Sector Bank in India?

68. Why reserve bank of India is called custodian of foreign balances of the country?

69. If the customer can do all transactions only in a branch and the branch has no online access, it is called .

70. Which of the following measures will have positive impact on Inflation? (1). Reduction in unnecessary expenditure of (2). Increase in savings of the people (3). Surplus (4). Halt in repayment of public debt and Select the correct codes

71. In respect of partnership business, LLP stands for ?

72. When did the nationalisation of major banks happen?

73. Interest payable on savings bank accounts is?

74. Banking services delivered to a customer by means of a computer control system that does not directly involve banks branch is called?

75. account records the change in stock of reserve assets (also known as foreign exchange reserves) at the country‘s monetary authority.

76. Which of the following is NOT a retail banking product?

77. is defined as a sustained increase in the general level of prices for goods and services.

78. RBI was established on ?