Banking Awareness | Set 7

1. To make KCC a Smart Card cum Debit Card, Government of India had constituted a Working Group under the Chairmanship of

2. Which of the following banking does not come under Social Banking?

A. Crediting the LPG subsidy in the beneficiary bank account

B. Offering Jan Dhan Scheme accounts

C. Allowing students to credit their scholarships through No-frill accounts

D. Allowing the subsidy loan to disadvantage sections of the society

E. None of these

Correct : C. Allowing students to credit their scholarships through No-frill accounts

3. Loan of very small amounts given to low income groups is called

4. What is the maximum period for which domestic term deposits are normally accepted by banks in our country?

5. Banking in India is controlled by:

A. Reserve Bank of India

B. Union Finance Commission

C. Union Ministry of Finance

D. Union Ministry of Commerce

E. None of these

Correct : A. Reserve Bank of India

6. Which bank was the sponsor of Prathama Gramin Bank?

7. With whom does the ownership of Public sector banks rest?

A. Wholly with Government of India

B. Jointly with Government of India and share- holders from the public

C. Jointly with Government of India and State Bank of India

D. Jointly with Government of India and Reserve Bank of India

E. None of these

Correct : B. Jointly with Government of India and share- holders from the public

8. In which years RBI and SBI are nationalized respectively?

9. Who is conferred with the Central Banker of the Year Award (Global and Asia Pacific) for 2016 monthly publication?

11. Which of the following is foreign bank having offices/branches in India?

12. Production is

13. What is the cost of credit expressed as a percentage on a yearly basis called?

14. The main function of an Asset Management Company is to:

A. manage the securities of various schemes

B. manage the funds by making investments in various types of securities

C. manage property for the benefit of the unit holders

D. All the above

E. None of these.

Correct : B. manage the funds by making investments in various types of securities

15. RBI uses bank rate in order to control .

A. Money supply, volume of bank credit and cost of bank credit.

B. Liquidity

C. Cash holdings of banks

D. Financial position of banks

E. None of these

Correct : A. Money supply, volume of bank credit and cost of bank credit.

16. Which of the following terms is used in the field of banking and finance?

17. Forfaiter is

A. an intermediary between an exporter and importer

B. an intermediary between an exporter and bank

C. an intermediary between an bank and importer

D. a bank.

E. None of these

Correct : A. an intermediary between an exporter and importer

18. Electronic fund transfers like RTGS and NEFT are operated and maintained by .

A. National Payments Corporation of India (NPCI)

B. Bharat Bill Payment System (BBPS)

C. Reserve Bank of India (RBI)

D. Clearing Corporation of India Limited (CCIL)

E. None of these

Correct : C. Reserve Bank of India (RBI)

19. Which of the following banks has opened the country‘s first ―Cash Factory‖ in Lucknow which will issue currency notes to all its branches and ATM in the area?

20. National Payments Corporation of India (NPCI) is being used by banks for .

21. Expand IFSC .

A. Indian Financial System Code

B. Indian Financial Services Code

C. International Financial Service Code

D. Interbank Fund Service Code

E. Indian Financial Security Code

Correct : A. Indian Financial System Code

22. First state cooperative bank to have its own ―RuPay‖ ATM cum Debit Card is ?

24. It is a tax which is levied at the same rate at all income levels.

25. The debit card holder can perform which of the following functions ?

A. Make Point of Sale (POS) purchase

B. Recharge Prepaid mobile phones

C. Pay Life Insurance premium

D. Make donation

E. All of the above

Correct : E. All of the above

26. Bank Rate is……….?

A. Rate at which commercial banks borrow long term funds from Central Bank.

B. Rate at which commercial banks borrow Short term funds from Central Bank.

C. None of these

D. Both 1 and 3

E. cannot be determined

Correct : A. Rate at which commercial banks borrow long term funds from Central Bank.

27. What is used to manage cash flows in different currencies?

29. Increase in Service tax came is effective from?

31. ―CAMEL model‖ is used by ?

A. Bankers to evaluated a credit proposal

B. Bankers to manage their risks

C. RBI inspectors to evaluate banks functions

D. Merchant Bankers to evaluate portfolio investment

E. None of the above

Correct : C. RBI inspectors to evaluate banks functions

32. Credit cards are cards which are also known as

33. Full form of QIB is

A. Quantitative Institution Board

B. Qualified Inclusive Board

C. Qualified Institutional Buyers

D. Quantity Institutional Buyers

E. Quantified Infrastructure Board

Correct : C. Qualified Institutional Buyers

34. Which from the following is NOT true when the interest rate in the economy goes up?

A. Saving increases

B. Lending decreases

C. Cost of production increases

D. Return on capital increases

E. None of the above

Correct : D. Return on capital increases

35. Except one of the following instruments others are issued at discount. Identify the exception ?

A. A Certificate of Deposit (CD)

B. A Treasury Bill (T Bill)

C. A Commercial Paper (CP)

D. A Fixed Deposit (FD)

E. None of the above

Correct : D. A Fixed Deposit (FD)

38. Banks in our country normally publicize that additional interest rate is allowed on retail domestic term deposits of .

39. On which one of the following issues IMF has supported monetary policy of India?

A. Introduction of GST.

B. Stimulus for agriculture sector

C. Concessions for foreign investment

D. Tightening of monetary policy

E. None of these

Correct : D. Tightening of monetary policy

41. Expand the term FRBM

A. Financial Responsibility and Business Management

B. Fiscal Responsibility and Business Management

C. Financial Responsibility and Budget Management

D. Fiscal Responsibility and Budget Management

E. Formal Responsibility and Business Management

Correct : D. Fiscal Responsibility and Budget Management

44. Who is the winner of Tour De France 2015 ?

A. Alejandro Belmonte (Spain)

B. Chris Froome (Kenyan born British)

C. Vincenzo Nibali (Italy)

D. Fabian Cancellara (Switzerland)

E. None of these

Correct : B. Chris Froome (Kenyan born British)

45. Which was the first bank to be established in India?

48. What is the full form of MTSS?

A. Money Transfer Service Scheme

B. Medium Transfer Service Scheme

C. Moderate Transfer Service Scheme

D. Money Transfer Service Strategy

E. None of these

Correct : A. Money Transfer Service Scheme

49. ―Banking for all‖ is the tagline of which Bank?

50. Relationship between the RBI and the bank maintaining currency chest will be of ?

51. Who is the minister of "Urban Development Housing & Urban Poverty Alleviation" ?

53. Which of the following is a fully-owned subsidiary of RBI?

54. Small finance banks are a type of banks in our country.

55. If a bank is not able to recover its loan and advances it is called

56. According to RBI Regulations, which of the following are allowed to set up small finance banks?

58. BIS stands for ?

A. Bank for Insurance Supervision

B. Bank for Income Settlements

C. Bank for International settlements

D. Bank for International school

E. None of these

Correct : C. Bank for International settlements

59. RWA stands for ?

60. As per which act, holidays are provided in the banks?

A. RBI act

B. Banking regulation act

C. Negotiable instrument Act –1881

D. Banking nationalization act

E. None of these

Correct : C. Negotiable instrument Act –1881

61. Which of the following has most of the bank branches?

63. On the basis of which commission was RBI established?

65. In which of the following States there is no Regional Rural Bank?

66. National Institute of Bank Management is the institute meant for .

A. Providing Management personnel to the Banks

B. Training of bank employees in Banking

C. Providing consultancy on best practices in Bank Management

D. Recruitment of Bank Employees at all levels

E. All those given as options

Correct : E. All those given as options

67. Fixed deposits and recurring deposits are .

A. repayable after an agreed period

B. repayable on demand

C. not repayable

D. repayable after death of depositors

E. repayable on demand or after an agreed period as per banker's choice

Correct : E. repayable on demand or after an agreed period as per banker's choice

68. The Asian Development Bank (ADB) is a regional development bank established in 1966. It is headquartered in .

70. What is the full form of FSDC?

A. Financial Security and Development Council

B. Financial Stability and Development Council

C. Financial Security and Development Convention

D. Fiscal Stability and Development Council

E. None of these

Correct : B. Financial Stability and Development Council

71. Which of the following bank has launched ‗mVisa‘ – a mobile-based payments solution?

72. Which of the following bank launches India‘s first Mobile ATM?

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

74. The following are main objectives of the SEBI :-

A. to protect interest of investors

B. to promote the development of security market

C. to regulate the security market

D. all of the above

E. None of the above

Correct : D. all of the above

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

77. What are the facilities available to the customers through ATM :-

A. Cash withdrawal subject to a predetermined limit per day

B. Cash deposit

C. Balance enquiry

D. details of certain number of transactions

E. all of the above.

Correct : E. all of the above.

78. Any change in flow of funds and the demand of them, is clearly reflected in?

79. The proposed Universal Banks shall be governed by

A. Banking Regulation Act, 1949

B. Reserve Bank of India Act, 1934

C. Foreign Exchange Management Act, 1999

D. Payment and Settlement Systems Act, 2007

E. All of above Acts govern these banks.

Correct : E. All of above Acts govern these banks.

80. ————– is a financial intermediary who helps to mobilize and transfer capital from those who possess it to those who need it?

81. The SEBI amended the regulations for REITs recently to facilitate their growth, What is the full form of the term REITs?

A. Rural Estate Investment Trusts

B. Regional Estate Innovation Trusts

C. Real Estate Investment Trusts

D. Restructured Estate Investment Trusts

E. None of these

Correct : C. Real Estate Investment Trusts

82. ―Entry Load‖ is a term associated with which of the following?

83. The BASE III banking rules is a global, voluntary regulatory framework on bank capital adequacy, stress testing and marketing liquidity risk. It will fully kick in by .

84. The Reserve Bank of India (RBI) follows the financial year.

85. As per the provision of the Coinage Act, 2011, coins of any denomination not lower than one rupee shall be legal tender for .

A. Any sum

B. Any sum not exceeding Rs. 10

C. Any sum not exceeding Rs. 50

D. Any sum not exceeding Rs. 100

E. Any sum not exceeding Rs. 500

Correct : A. Any sum

86. A cheque that is not crossed on the left corner and payable at the counter of the drawee bank on presentation of the cheque, is called ,

87. The RIDF is a fund maintained by the National Bank for Agriculture and Rural Development (NABARD). What does the letter ―R‖ denote in the term RIDF?

90. Indian Financial Network [INFINET] is the :-

A. communication backbone for the Indian Banking and Financial sector

B. association of the employers of the banking and financial sector

C. closed user group network of SBI and its subsidiaries

D. all of the above

E. None of the above

Correct : B. association of the employers of the banking and financial sector

91. As per RBI statement, the proposed Universal Bank shall have a minimum net worth of at lla times.

92. What is a stale cheque?

A. A cheque with only signature of the drawer

B. A cheque which has completed 6 months from the date of its issue

C. A cheque issued without drawer’s signature.

D. All of the above

E. None of these

Correct : B. A cheque which has completed 6 months from the date of its issue

93. Capital market can be divided into:-

95. The full form of BBPS is

A. Bill Finger Berger Power Series

B. Best Business Practice

C. Bharat Bill Payment Service

D. Bharat Bill Payment System

E. Bharat Bill Payment Status

Correct : D. Bharat Bill Payment System

96. Bank rate policy, open market operations, variable reserve requirements and statutory liquidity requirements as measures of credit control are classified as :-

97. Interest on savings bank account is now calculated by banks on?

A. Minimum balance from 7th to last day of the month

B. Daily product basis

C. Minimum balance from 10th to last day of the month

D. Minimum balance during the month

E. None of these

Correct : B. Daily product basis

99. Who fixes the interest on Savings Deposit?

Quiznetik

Banking Awareness | Set 7

1. To make KCC a Smart Card cum Debit Card, Government of India had constituted a Working Group under the Chairmanship of

2. Which of the following banking does not come under Social Banking?

3. Loan of very small amounts given to low income groups is called

4. What is the maximum period for which domestic term deposits are normally accepted by banks in our country?

5. Banking in India is controlled by:

6. Which bank was the sponsor of Prathama Gramin Bank?

7. With whom does the ownership of Public sector banks rest?

8. In which years RBI and SBI are nationalized respectively?

9. Who is conferred with the Central Banker of the Year Award (Global and Asia Pacific) for 2016 monthly publication?

10. Which of the following sets up core banking infrastructure for rural banks?

11. Which of the following is foreign bank having offices/branches in India?

12. Production is

13. What is the cost of credit expressed as a percentage on a yearly basis called?

14. The main function of an Asset Management Company is to:

15. RBI uses bank rate in order to control .

16. Which of the following terms is used in the field of banking and finance?

17. Forfaiter is

18. Electronic fund transfers like RTGS and NEFT are operated and maintained by .

19. Which of the following banks has opened the country‘s first ―Cash Factory‖ in Lucknow which will issue currency notes to all its branches and ATM in the area?

20. National Payments Corporation of India (NPCI) is being used by banks for .

21. Expand IFSC .

22. First state cooperative bank to have its own ―RuPay‖ ATM cum Debit Card is ?

23. In EDLI, what is the meaning of L?

24. It is a tax which is levied at the same rate at all income levels.

25. The debit card holder can perform which of the following functions ?

26. Bank Rate is……….?

27. What is used to manage cash flows in different currencies?

28. The govt. of India replaced the FERA by……….?

29. Increase in Service tax came is effective from?

30. Where are the headquarter of National Housing Bank (NHB)?

31. ―CAMEL model‖ is used by ?

32. Credit cards are cards which are also known as

33. Full form of QIB is

34. Which from the following is NOT true when the interest rate in the economy goes up?

35. Except one of the following instruments others are issued at discount. Identify the exception ?

36. What does ―I‖ stand for in ULIP?

37. Which of the following is not related to bill of exchange?

38. Banks in our country normally publicize that additional interest rate is allowed on retail domestic term deposits of .

39. On which one of the following issues IMF has supported monetary policy of India?

40. In the term STRIPS, the first letter ‗S‘ denotes

41. Expand the term FRBM

42. Where is NDB headquartered?

43. National stock exchange is located -

44. Who is the winner of Tour De France 2015 ?

45. Which was the first bank to be established in India?

46. Where is the head quarter of world Health organization (WHO)?

47. The ICC World Twenty 20 cup 2016 hosts by

48. What is the full form of MTSS?

49. ―Banking for all‖ is the tagline of which Bank?

50. Relationship between the RBI and the bank maintaining currency chest will be of ?

51. Who is the minister of "Urban Development Housing & Urban Poverty Alleviation" ?

52. IDBI Bank is a ?

53. Which of the following is a fully-owned subsidiary of RBI?

54. Small finance banks are a type of banks in our country.

55. If a bank is not able to recover its loan and advances it is called

56. According to RBI Regulations, which of the following are allowed to set up small finance banks?

57. Head Quarters of BIS?

58. BIS stands for ?

59. RWA stands for ?

60. As per which act, holidays are provided in the banks?

61. Which of the following has most of the bank branches?

62. World investment report is published by?

63. On the basis of which commission was RBI established?

64. Merchant banking in India is governed by:-

65. In which of the following States there is no Regional Rural Bank?

66. National Institute of Bank Management is the institute meant for .

67. Fixed deposits and recurring deposits are .

68. The Asian Development Bank (ADB) is a regional development bank established in 1966. It is headquartered in .

69. When was Triton Insurance Company Ltd established?

70. What is the full form of FSDC?

71. Which of the following bank has launched ‗mVisa‘ – a mobile-based payments solution?

72. Which of the following bank launches India‘s first Mobile ATM?

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

74. The following are main objectives of the SEBI :-

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

76. The is the apex organization in the Indian money market?

77. What are the facilities available to the customers through ATM :-

78. Any change in flow of funds and the demand of them, is clearly reflected in?