Quiznetik
Banking Awareness | Set 9
1. CRAR stands for:
A. Capital to Risk (weighted) Assets Ratio
B. Credit Risk Account Ratio
C. Commercial Risk (weighted) Assets Ratio
D. Cross Research And Recession
E. None of these
Correct : A. Capital to Risk (weighted) Assets Ratio
2. What is Repo Rate?
A. It is a rate at which RBI sells government securities to banks
B. It is a rate at which RBI buys government securities from banks
C. It is a rate at which RBI allows small loans in the market
D. All of these
E. None of these
Correct : B. It is a rate at which RBI buys government securities from banks
3. The minimum rate of Interest charged by a Bank from Customers on the loans is?
A. Base Rate
B. Bank rate
C. Prime Rate
D. Prime Lending Rate
E. None of these
Correct : A. Base Rate
4. Bank advances of a Bank are called:
A. Bad debt
B. Book debt
C. Non performing Asset
D. Out of order accounts
E. Overdrawn accounts
Correct : C. Non performing Asset
5. Axis bank tagline is
A. Your perfect banking partner
B. Badhti ka naam zindagi
C. Hum Hai Na, Khyal aapka
D. Cannot be determined
E. None of these
Correct : B. Badhti ka naam zindagi
6. Which among the following sectors contributes most to the saving in India?
A. Banking and financial sector
B. Private corporate sector
C. Export sector
D. Household sector
E. None of these
Correct : D. Household sector
7. National Bank for Agriculture & Rural Development (NABARD) was setup in the ?
A. 1982
B. 1991
C. 1969
D. 1948
E. None of these
Correct : A. 1982
8. When was the first Land Mortgage Bank established?
A. 1920
B. 1925
C. 1931
D. 1935
E. None of these
Correct : A. 1920
9. Banks which are included in the second schedule of the Reserve Bank of India Act, 1934 are called as ?
A. Public Sector Banks
B. Co-Operative Banks
C. Foreign Banks
D. Scheduled Banks
E. None of these
Correct : D. Scheduled Banks
10. Where is the headquarter of Federal Bank?
A. Kochi
B. Mumbai
C. New Delhi
D. Bengaluru
E. None of the above
Correct : A. Kochi
11. SMERA has been registered under
A. Securities and Exchange Board of India Act, 1992
B. Reserve Bank of India Act, 1934
C. Banking Regulation Act, 1949
D. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999
E. None of these
Correct : D. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999
12. Apna Sahakari Bank Ltd is located at?
A. Bhopal, Madhya Pradesh
B. Kolkata, West Bengal
C. Lucknow, Uttar Pradesh
D. Mumbai, Maharashtra
E. None of the above
Correct : D. Mumbai, Maharashtra
13. Slogan of Allahabad Bank ?
A. Where money lives
B. A Tradition of Trust
C. The whole world in one bank
D. Together we can
E. None of these
Correct : B. A Tradition of Trust
14. Which bank was earlier called the ''Imperial Bank of India'' ?
A. RBI
B. SBI
C. IDBI
D. DENA Bank
E. None of these
Correct : B. SBI
15. What percentage of Priority Sector Lending (PSL) is being created for Micro Enterprises by March 2017?
A. 10 %
B. 7.5 %
C. 8.5 %
D. 9.5 %
E. None of the above
Correct : B. 7.5 %
16. Slogan of Corporation Bank ?
A. A Primer Public Sector Bank
B. Not Your Typical Bank
C. The world's local bank
D. What's in your wallet?
E. None of these
Correct : A. A Primer Public Sector Bank
17. The E-Commerce website ―Alibaba‖ is the company of which country?
A. America
B. Japan
C. India
D. China
E. None of these
Correct : D. China
18. Head Office of the Asian Development Bank located in
A. Jakarta
B. Manila
C. Nairobi
D. Tokyo
E. New Delhi
Correct : B. Manila
19. Which are the following rates are decided by the RBI is called "Policy Rate"?
A. Cash reserve ratio.
B. Lending rate.
C. Bank rate.
D. Deposite rate.
E. None of these
Correct : A. Cash reserve ratio.
20. The term plastic money applies to
A. Bank draft made of plastic coated paper
B. Currency notes impregnated with plastic thread
C. Currency notes printed on plastic coated paper
D. Credit cards mainly issued by the banks
E. None of these
Correct : D. Credit cards mainly issued by the banks
21. Which one of the following banks gives long term loans to agriculture?
A. State co-operative bank
B. Commercial bank
C. Primary credit society
D. Land development bank
E. None of these
Correct : A. State co-operative bank
22. The primary relationship between the banker and the customer is that of
A. Trustee and beneficiary
B. Debtor and creditor
C. Principal and agent
D. Lessor and lessee
E. None of these
Correct : B. Debtor and creditor
23. Where is the head quarter of Insurance Regulatory and Development Authority (IRDA)?
A. Hydrabad
B. Bangalore
C. Mumbai
D. Delhi
E. None of these
Correct : A. Hydrabad
24. The bank rate is the rate at which
A. A bank lends to the public
B. The RBI lends to the public
C. The RBI gives to the commercial banks
D. The government of India lends to other countries
E. None of these
Correct : C. The RBI gives to the commercial banks
25. Capital Market Regulator is—
A. RBI
B. IRDA
C. NSE
D. BSE
E. SEBI
Correct : E. SEBI
26. Who issues 'Commercial Papers'?
A. A Company to a Bank
B. Banks to Banks
C. Banks to Companies
D. Company to its suppliers
E. None of these
Correct : B. Banks to Banks
27. What is the cost of credit expressed as a percentage on a yearly basis called?
A. APR
B. APY
C. WPI
D. Cannot be determined
E. None of these
Correct : A. APR
28. Who was the founder of Punjab National Bank?
A. Bal Gangadhar Tilak
B. Bhagat Singh
C. Bipin Chandra Pal
D. Lala Rajpat Rai
E. None of these
Correct : D. Lala Rajpat Rai
29. CTC Stands for
A. Cheque truncation System
B. Cheque Transaction System
C. Cheque Transmission Service
D. Cheque Transport Service
E. None of these
Correct : A. Cheque truncation System
30. ‗DAX‘ is the stock Market of-
A. Germany
B. USA
C. France
D. HongKong
E. None of these
Correct : A. Germany
31. Which of the Public Sector Bank tagline ―India‘s International Bank‖ ?
A. SBI
B. PNB
C. ICICI
D. HDFC
E. BOB
Correct : E. BOB
32. The phenomenon of a continuous decrease in prices of goods and services in the economy is, known as ?
A. Inflation
B. Deflation
C. Stagflation
D. Market crash
E. None of the Above
Correct : B. Deflation
33. The Headquarters of NHB located in
A. Chennai
B. Mumbai
C. New Delhi
D. Gurugram
E. None of the Above
Correct : C. New Delhi
34. What is the full form of IPO?
A. Initial Private Offering
B. Initial Partnership Offering
C. Initial Public Offering
D. Interest Private offering
E. None of the above
Correct : C. Initial Public Offering
35. Which among the following does the RBI not decide?
A. SLR
B. CRR
C. Bank Rate
D. Base Rate
E. None of these
Correct : D. Base Rate
36. Which of the following organizations is the Mutual Fund Market regulator?
A. CIBIL
B. MCX-SX
C. SEBI
D. National Stock Exchange of India
E. None of these
Correct : C. SEBI
37. Where is the head quarter of International monetary fund (IMF)?
A. London
B. New York
C. Washington DC
D. Paris
E. None of these
Correct : C. Washington DC
38. Which among the following is NOT a subsidiary of RBI?
A. National Housing Bank
B. NABARD
C. Bharatiya Reserve Bank Note Mudran Private Limited
D. SIDBI
E. None of these
Correct : D. SIDBI
39. Which among the following was the first bank purely managed by Indians?
A. Oudh Commercial Bank
B. Punjab National Bank
C. Bank of India
D. Allahabad
E. None of these
Correct : B. Punjab National Bank
40. Which of the following state is known ―Cradle of Indian Banking‖?
A. Kerala
B. Maharashtra
C. Tamil Nadu
D. Karnataka
E. Uttar Pradesh
Correct : D. Karnataka
41. Which of the following is the headquarters of BCSBI?
A. Chennai
B. New Delhi
C. Mumbai
D. Hyderabad
E. None of the Above
Correct : C. Mumbai
42. BCSBI is governed by a governing Council including one Chairman.
A. six-member
B. Four-member
C. Five-member
D. Three-member
E. None of the Above
Correct : A. six-member
43. National bank is a subsidiary of which of the following banks?
A. Bank of Baroda
B. Allahabad Bank
C. Bank of India
D. Union Bank
E. None of these
Correct : A. Bank of Baroda
44. In which country, the Unit Banking System originated?
A. United States
B. United Kingdom
C. France
D. Spain
E. None of these
Correct : A. United States
45. Who is the MD and CEO of Punjab ans Sind Bank?
A. Arun Tiwari
B. Kishor Kharat
C. S.Jatinderbir Singh
D. Ravi Krishnan
E. None of these
Correct : C. S.Jatinderbir Singh
46. India ranked out of 118 in Global Hunger Index
A. 72nd
B. 97th
C. 108th
D. 85th
E. None of these
Correct : B. 97th
47. Which of the following is the first Bank who provide the interest banking facility first?
A. ICICI Bank
B. State Bank of India
C. Syndicate Bank
D. Central Bank of India
E. None of these
Correct : A. ICICI Bank
48. The first government of RBI is –
A. C.D. Deshmush
B. Dr. Manmohan Singh
C. C. Rang Rajan
D. D. Subba Rao
E. None of these
Correct : A. C.D. Deshmush
49. Which of the following terms is used in banking and finance?
A. Abiotic
B. Demand Deposit
C. Fat scales
D. A diabetic
E. None of these
Correct : B. Demand Deposit
50. Banks do not provide which of the following services?
A. Issuing Bank Drafts
B. Deposting Money
C. Sale of post cards and postal stamps
D. Lockers for valueable items/ documents
E. None of these
Correct : C. Sale of post cards and postal stamps
51. Which of the following terms is NOT used in the field of Banking & Finance ?
A. Overdraft
B. Base Line
C. RTGS
D. GBC
E. None of these
Correct : B. Base Line
52. Which of the following is a pension scheme focused on the workers in the unorganiaed sector?
A. SSY
B. AMRUT
C. APY
D. PMAY
E. None of the Above
Correct : C. APY
53. In India, the bank NABARD does not provide refinance to:
A. Scheduled commercial banks
B. Regional rural banks
C. State land development banks
D. Export-import bank
E. None of these
Correct : D. Export-import bank
54. Which bank has launched "travel card" for students joinnig abrod?
A. ICICI
B. HSBC
C. SBI
D. HDFC
E. PNB
Correct : A. ICICI
55. What do you understand by the term ‗Mortgage‘?
A. Sale of movable security in the event of default by the borrower
B. Registration of charge with the Registrar of Companies
C. Making the security of immovable property available as a cover for a home loan by the borrower
D. Registration of charge with the Regional Transport Authority
E. Returning of the security to borrower by the bank of receipt of full payment
Correct : C. Making the security of immovable property available as a cover for a home loan by the borrower
56. How many banks are presently associated of State Bank of India?
A. Eight
B. Seven
C. Six
D. Five
E. Four
Correct : D. Five
57. If a bank is unable to refund the short term deposits as funds are locked in long term loans, it involves?
A. Interest Rate Risk
B. Operational Risk
C. Liquidity Risk
D. Market Risk
E. Other than the given options
Correct : C. Liquidity Risk
58. If credit facility applied for is rejected, the reasons therefore should be briefly mentioned in the-
A. Loan Applications Received and Disposal Register
B. Opinion Reports
C. Loan Rejection Register
D. All of the above
E. Other than the given options
Correct : A. Loan Applications Received and Disposal Register
59. Escrow account is useful/helpful to-
A. importers
B. exporters
C. people
D. Assets
E. Other than the given options
Correct : B. exporters
60. The ‗monetary base for credit expansion‘ consists of ?
A. The total value of ‘high-powered money’
B. The demand and time deposit liabilities
C. The size of the deficit in the government’s budget
D. All of the above
E. None of the above
Correct : A. The total value of ‘high-powered money’
61. The Head Office of which of the following banks is in Mumbai?
A. Punjab National Bank
B. Bank of Maharashtra
C. UCO Bank
D. Union Bank of India
E. None of the above
Correct : D. Union Bank of India
62. Which of the following state shows the fastest growth in expanding Micro Finance business in the country?
A. Gujarat
B. Andhra Pradesh
C. Maharashtra
D. Karnataka
E. None of the above
Correct : B. Andhra Pradesh
63. On the basis of recommendations of which of the following committees NABARD was established?
A. Shunglu Committee
B. Shivaraman Committee
C. Narshimhan Committee
D. Public Accounts Committee
E. None of the above
Correct : B. Shivaraman Committee
64. Each Regional Rural Bank is managed by ?
A. Board of Directors
B. Reserve Bank
C. Sponsoring commercial bank
D. None of the above
E. None of these
Correct : A. Board of Directors
65. Under which of the following methods of note-issue the RBI issues notes?
A. Fixed Fiduciary System
B. Maximum Fiduciary System
C. Minimum Reserve System
D. Proportional Reserve System
E. None of the Above
Correct : C. Minimum Reserve System
66. Which of the following is the slogan of CIBIL?
A. Empowering Banks
B. Empowering Women
C. Empowering India
D. Empowering you
E. None of the Above
Correct : D. Empowering you
67. Which of the following provides license to a credit bureau?
A. SEBI
B. SIDBI
C. NABARD
D. RBI
E. GOI
Correct : D. RBI
68. The Reserve Bank of India will transfer its surplus profit of 65,896 crore rupees to the Centre. This amount is percent higher than previous year.
A. 5%
B. 19%
C. 25%
D. 33%
E. None of these
Correct : C. 25%
69. On a Cheque instead of two parallel lines only bank‘s name is written is known as
A. Payable to bearer
B. General Crossing
C. Special Crossing
D. Both (b) and (c)
E. None of the Above
Correct : C. Special Crossing
70. Which bank became the first bank to open its branch in china? 1134). The Definition of ‗Banking‘ is given in
A. Negotiable Instrument Act, 1881
B. RBI Act, 1934
C. The Banking Regulation Act, 1949
D. Indian Contract Act, 1872
E. None of the Above
Correct : C. The Banking Regulation Act, 1949
71. What is the most powerful tool used by the Reserve Bank of India to control inflation?
A. Raise interest rates
B. Raise current supply
C. Reduce current supply
D. Reduce interest rates
E. None of these
Correct : A. Raise interest rates
72. When was the Indian Mercantile Insurance established?
A. IDBI bank
B. HDFC bank
C. SBI
D. Punjab national bank
E. None of these
Correct : C. SBI
73. The banks are required to maintain certain ratio between their cash in hand and total assets. This is called
A. SLR
B. SBR
C. CBR
D. CRR
E. None of these
Correct : D. CRR
74. Which one of the following statements is correct regarding increase in the CRR in India?
A. It increases credit creation
B. It reduces credit creation
C. It does not affect credit
D. It denoted liberal monetary policy
E. None of these
Correct : B. It reduces credit creation
75. Foreign Trade Policy is Framed by :
A. RBI
B. EXIM Bank
C. DGFT
D. Ministry of Commerce, Government of India.
E. None of these
Correct : D. Ministry of Commerce, Government of India.
76. RBI doesn‘t have an office in
A. Jaipur
B. Bhopal
C. Kanpur
D. Shimla
E. None of these
Correct : D. Shimla
77. The rate at which banks borrows from the RBI is called
A. SLR
B. Repo Rate
C. Reverse repo rate
D. Bank rate
E. None of these
Correct : B. Repo Rate
78. Who is having the major stakes in NABARD?
A. RBI
B. Central Government
C. SBI
D. Ministry of Finance
E. None of these
Correct : B. Central Government
79. The tag line ‗A friend you can bank on‘ is of which bank?
A. Vijaya Bank
B. Bank of Maharashtra
C. UCO Bank
D. Bank of Baroda
E. None of these
Correct : A. Vijaya Bank
80. The minimum acceptable amount under the Scheme of Certificate of eposit is ?
A. Rs. 1 lakhs
B. Rs. 25 lakhs
C. Rs. 20 lakhs
D. Rs. 25 lakhs
E. None of the above
Correct : A. Rs. 1 lakhs
81. Demand deposits mean ?
A. Deposits withdrawable on demand by the depositor
B. Current deposits
C. Fixed deposits
D. Short deposits
E. None of the above
Correct : A. Deposits withdrawable on demand by the depositor
82. ‗RuPay‘ has been developed by which organization?
A. Reserve Bank of India (RBI)
B. IRCTC
C. SBI
D. National Payment Corporation of India
E. IMF
Correct : D. National Payment Corporation of India
83. Which bank has recently started ―Tab Banking‖ service?
A. SBI
B. HDFC
C. PNB
D. UBI
E. ICICI
Correct : A. SBI
84. Who is the chairman of Bharatiya Mahila Bank?
A. Ranjana Paintal
B. Indira Talwani
C. Usha Ananthasubramanian
D. Krishnan Nair
E. Ranjit Kumar
Correct : C. Usha Ananthasubramanian
85. ―Plastic Money‖ denotes ?
A. Bearer cheque
B. Credit card
C. Demand Draft
D. Traveller’s cheque
E. Gift cheque
Correct : B. Credit card
86. The Head of Reserve Bank of India is?
A. Chief Executive Officer
B. Managing Director
C. Chief Banking Officer
D. Governor
E. Other than the given options
Correct : D. Governor
87. In Banking terminology, NPA means
A. Non-Promise Account
B. Non-Personal Account
C. Non-Performing Asset
D. Net-performing Asset
E. None of these
Correct : C. Non-Performing Asset
88. ‗Sugam‘ is a scheme launched for
A. Small tax payers
B. Pensioners getting old age pension
C. Big corporate houses
D. Getting all sorts of permission
E. None of these
Correct : A. Small tax payers
89. Asian Development bank is a regional development bank established in :
A. 1949
B. 1953
C. 1966
D. 1969
E. 1975
Correct : C. 1966
90. Which bank in India performs duties of Central Bank?
A. Central Bank of India
B. SBI
C. Both A and B
D. RBI
E. None of these
Correct : D. RBI
91. The World Bank group is made up of how many organisations?
A. 3
B. 5
C. 7
D. 8
E. 10
Correct : B. 5
92. RBI permitted CBS-enabled Cooperative Banks to issue ATM cards in tie-up with:
A. State Bank of India
B. a sponsor bank
C. NABARD
D. Any Nationalised Bank
E. None
Correct : B. a sponsor bank
93. Working capital requirement depends upon ?
A. Level of activity
B. Nature of Production cycle
C. Types of business carried
D. All the above
E. None
Correct : D. All the above
94. Who headed the RBI panel that has submitted its report titled 'Data Format for Furnishing of Credit Information to Credit Information Companies'.
A. Urjit Patel
B. Aditya Puri
C. R.Gandhi
D. A.K.Sharma
E. None
Correct : B. Aditya Puri
95. After the recommendations of which of the following committee the Regional Rural Banks were setup?
A. Sarayya Committee
B. Kapoor Committee
C. Narasimhan Committee
D. Rangarajan Committee
E. None
Correct : C. Narasimhan Committee
96. The Bank for International Settlements (BIS) which provides the Banking supervision accords is located in which country
A. England
B. USA
C. France
D. Switzerland
E. None
Correct : D. Switzerland
97. The Know Your Customer (KYC) norms of opening a bank account has been relaxed for the accounts with minimum balance of
A. Rs.1,00,000/-
B. Rs.25,000/-
C. Rs.50,000/-
D. Rs.75,000/-
E. None
Correct : C. Rs.50,000/-
98. What is the Cash Reserve Ratio (CRR) at present?
A. 4%
B. 4.25%
C. 4.5%
D. 4.75%
E. None
Correct : A. 4%
99. The Centre will over the next four years infuse how many crore rupees into the state-owned banks ?
A. Rs. 70,000 crore
B. Rs. 80,000 crore
C. Rs. 90,000 crore
D. Rs. 65,000 crore
E. None
Correct : A. Rs. 70,000 crore
100. is the regulatory authority for Mutual funds:
A. IRDA
B. Ministry of Corporate affairs
C. RBI
D. SEBI
E. None
Correct : D. SEBI