1. Which of the following is the full form of the term SLR as used in the banking sector?
Correct : B. Statutory Liquidity Ratio
2. What is ‗STT‘?
Correct : B. Securities transaction tax
3. The custodian of FOREX Reserve of GOI is
Correct : C. RBI
4. Expand FIPB –
Correct : C. Foreign Investment Promotion Board
5. Which of the following will be the authorised
operational units?
Correct : B. BBPOU
6. In primary and secondary markets dealer of e) None of these
Government securities is known as?
Correct : C. Primary dealer
7. What is the maximum age for MD and CEO in Private Sector Banks set by RBI?
Correct : A. 70
8. have been awarded the license by the Central Bank to operate Bharat Bill Payment System (BBPS) recently.
Correct : A. Common Service Centres (CSC)
9. Commercial paper may be issued for a period of ?
Correct : C. 7 days to one year
10. is the rate at which commercial banks charge on their surplus funds with RBI.
Correct : B. Reverse Repo Rate
11. Loan for fish rearing is covered under Prirority Sector as advances
Correct : D. Direct Agriculture
12. Large amounts of cheques are processed by
using
Correct : B. MICR
13. Which of the following cannot be called as a
Debt Instrument as referred in financial transactions?
Correct : C. Stocks
14. What is the condition for a bank to be called a "Scheduled Bank" ?
Correct : B. Its branch network should be over 100
15. A worldwide financial messaging network which exchange messages between banks and financial institutions is known as-
Correct : B. SWIFT
16. Which of the following is not a ‗Money Market
Instrument‘?
Correct : D. Equity shares
17. Which is the first Indian company to be listed
in NASDAQ ?
Correct : D. Infosys
18. Loans of very small amount given to low
income group is called-
Correct : D. Micro Credit
19. Bank rate implies the rate of interest-
Correct : D. At which the RBI discounts the Bill of Exchange
20. What do you mean by Mortgage?
Correct : B. A security created on immovable property for a loan given by a bank
21. The Bank of Calcutta, Bank of Bombay and
Bank of Madras were merged in 1921 to form
Correct : B. Imperial Bank of India
22. Monetary Policy of RBI does not include
?
Correct : B. Reduction of taxes
23. Monetary policy committee will consist of how many members?
Correct : C. 6
24. If the RBI increase reverse repo rate, consequently
Correct : A. Banks will have less money to lend
25. If the stock markets are declining then it is called as .
Correct : C. Bear run
26. To maintain price stability, while keeping in mind the objective of growth, RBI Act 1934 has been amended by the finance Act, 2016 to provide for a statutory and institutionalized framework for MPC. In this context, MPC stands for .
Correct : E. Monetary Policy Committee
27. RBI issue currency rupee notes on bases of
.
Correct : D. Only a and b
28. Who is the ex-officio chairperson of the Monetary policy Committee (MPC)?
Correct : C. RBI Governor
29. What is inflation?
Correct : C. increase in value of commodities
30. Which of the following is/are essential features of a genuine currency note?
Correct : D. All of the above
31. What is Call Money ?
Correct : A. Money borrowed or lent for a day or over night
32. NCAER is located in
Correct : B. New Delhi
33. The headquarters of Investment Information
& Credit Rating Agency(ICRA) Limited is located in
Correct : D. Gurugram
34. Which of the following is a measure taken by Reserve Bank of India to control inflation in our country?
Correct : D. Raising of Repo / Reverse Repo Rate
35. The Indian person who received the Nobel Prize in Economic?
Correct : C. Amartya Sen
36. What does the M in M-banking stands for?
Correct : E. mobile
37. Where is the head quarter of sequrities and Exchange Board of India (SEBI)?
Correct : C. Mumbai
38. What is Repo Rate?
Correct : B. It is a rate at which RBI buys government securities from banks
39. Which of the following committees has given
its recommendations on ‗Financial Inclusion‘?
Correct : B. Rangrajan Committee
40. A customer wishes to purchase some US dollars in India. She/he should go to:
Correct : C. RBI or any branch of a bank which is authorized for such business
41. Which of the following products of a bank is specifically designed to provide financial help to children in their higher studies in India or in a foreign nation?
Correct : C. Educational loan
42. Which amongst the following organizations make major credit policies for the RRBs?
Correct : A. NABARD
43. The head office of the National bank for agriculture and rural development (NABARD) is located in?
Correct : C. Mumbai
44. Which of the following is an easy way of
providing credit to the farmer community?
Correct : A. Kisan credit card
45. Many times we read in newspapers that the RBI has revised certain rates/ ratios under LAF. What is the full form of LAF?
Correct : A. Liquidity Adjustment Facility.
46. Which of the following is an international forum to discuss and implement supervisory norms in all the banks of the world?
Correct : A. Basel Committee
47. What is the full form of NBFC as used in the financial sector?
Correct : E. None of these
48. The functions of the lead bank are performed by:
Correct : D. A bank designed for this purpose
49. Central Co-operative banks work at:
Correct : A. District level
50. The largest public sector commercial bank of India is the
Correct : C. SBI
51. Which one of the following statements is correct regarding increase in the CRR in India?
Correct : B. It reduces credit creation
52. Which among the following sectors contributes most to the saving in India?
Correct : D. Household sector
53. Government of India, for the first time nationalized 14 large commercial banks in the year
Correct : C. 1969
54. PAN card issued by the income tax department cannot be used for which of the following purpose?
Correct : B. Proof of a registered tax payer
55. Mohammad yunnus, who has been awarded Nobel peace prize in 2006, is a citizen of
Correct : A. Bangladesh
56. Which of the following is not a banking related term?
Correct : D. Radiation
57. Insurances service provided by various bank is commonly known as:
Correct : D. Banc assurance
58. In India, the bank NABARD does not provide
refinance to:
Correct : D. Export-import bank
59. ‗Repo Rate‘ is the rate at which:
Correct : C. The RBI lends to banks
60. Which of the following public sector bank emblem figures a dog and the words ‗faithful, friendly‘ in it?
Correct : D. Syndicate bank
61. Which is the highest bank in the banking structure of India?
Correct : D. RBI
62. Which of the following payment instrument introduced by the banks is known as plastic money?
Correct : B. Credit Cards
63. Which one of the following is a private bank?
Correct : D. Punjab Bank
64. Which of the following pairs is not correctly matched?
Correct : D. IDBI … World bank
65. In banking, CORE stands for .
Correct : A. Centralized Online Real-Time Exchange
66. received Reserve Bank of India (RBI)‘s permission to open its first international branch in Dubai. ?
Correct : A. Federal Bank
67. Monetary Policy as an arm of the economic policy is administered by
Correct : B. Reserve Bank of India
68. The appointments of Banking Ombudsman will be carried out by which of the following?
Correct : B. RBI
69. India‘s first banking robot Lakshmi launched by in Chennai (Tamil Nadu).
Lakshmi will be first onsite huamanoid (robot) in India ?
Correct : B. City Union Bank
70. When Banks accept a fixed sum of money from an individual for a definite term and pay on Maturity with interest, the deposit is known as
Correct : B. term Deposit
71. Regional Rural Banks are sponsored by
Correct : A. Nationalised Commercial Bank
72. Which Bank is called Apex Bank?
Correct : C. Reserve Bank of India
73. Which of the following is known as demat accounts?
Correct : A. Accounts in which share of various companies are traded in electric form.
74. When a bank returns a cheque unpaid, it is
called
Correct : D. dishonour of the cheque
75. The rate at which banks borrows from the RBI is called
Correct : B. Repo Rate
76. What was the purpose of setting up Narsimhan committee-2?
Correct : B. banking reform process
77. Which of the following terms is used in
Banking?
Correct : E. Inflation
78. Initial repayment holiday given to borrower
for repayment of loan is called as
Correct : B. moratorium
79. Which of the following is the Banker of the Banks?
Correct : C. RBI
80. The Bank of Calcutta, Bank of Bombay and
Bank of Madras were merged in 1921 to form
Correct : B. Imperial Bank of India
81. Which report is published by World Bank
every year?
Correct : B. world development report
82. Payment of a cheque cannot be made on a
cash counter of the bank if the cheque is:-
Correct : B. cross
83. What is a corporate Hedging?
Correct : B. It is a mechanism to protect firm’s Exposure to market risk
84. Which of the following institutions is involved in granting Housing Loans?
Correct : E. HDFC
85. Expand terms means IFRS
Correct : D. International Financial Reporting Standards
86. Banks keep notes/ coins in Currency Chest on
Behalf of which of the following?
Correct : C. The Reserve Bank of India
87. The Chairman of SEBI is nominated by?
Correct : C. Government of India
88. Banking services provided to Special Economic Zones(SEZ) units have been exempted from
Correct : D. Service Tax
89. What is the full form of forex?
Correct : B. Foreign Exchange
90. Stock Exchanges generally work in -
Correct : B. Secondary Market
91. Loan of very sall amount given to low income
group is called-
Correct : D. Micro Credit
92. Increase in net RBI creit for central government represents-
Correct : B. monetized deficit
93. Where is the head quarter of world Health organization (WHO)?
Correct : B. Jineva
94. Merchant banking in India is governed by:-
Correct : A. SEBI
95. Which of the following agencies in India is responsible for computation of national income?
Correct : B. CSO
96. Currency Swap is an instrument to manage
Correct : D. cash flows in different currency
97. A bank's 'fixed deposit' is also referred to as a............?
Correct : A. term deposit
98. In order to attract more foreign exchange the Govt of India decided to allow foreign investment in LLP firms.What is full form of ―LLP‖ as used in this reference?
Correct : E. Limited Liability Partnership
99. Which of the following bank had its old name as ‗Devkaran Nanji Banking Company Limited‘?