1. Which report is published by World Bank every year?
Correct : B. World development report
2. Which of the following terms is used in banking field?
Correct : A. Interest rate swap
3. Money lent for 15 days or more in inter-bank market is called
Correct : A. Term Money
4. Which bank launched Mobile Bank Accounts in association with Vodafone's m-paisa?
Correct : B. HDFC Bank
5. Which was the second bank in India with limited liability?
Correct : A. Punjab National Bank
6. The Headquarters of Islamic Development Bank is
Correct : C. Jeddah, Saudi Arabia
7. PJ Naik committee is related to
Correct : C. Governance of bank boards
8. Bank of Rajasthan was merged with
Correct : D. ICICI
9. Who is the MD and CEO of IDBI Bank?
Correct : B. Mahesh Kumar Jain
10. ―Support all the way‖ is the tagline of
Correct : D. Catholic Syrian Bank
11. In which year, Nationalization of SBI Subsidiaries took place?
Correct : C. 1959
12. High powered money is:-
Correct : A. bank's reserves at central bank
13. When the banker talks about CDR, what is he talking about?
Correct : A. Corporate Debt Restructuring
14. What does FCCB stand for?
Correct : A. Foreign Currency Convertible Bond
15. Which among the following is at times mentioned as a kind of Direct Debit Facility?
Correct : B. ECS
16. In India, forex rates are determined by
Correct : B. Demand and supply forces
17. Which of the following is the most active segment of the money market in India?
Correct : C. Call Money
18. In which of the following cities, The Head Office of FICCI is located?
Correct : E. New Delhi
19. What is the full form of REER?
Correct : C. Real Effective Exchange Rate
20. is a way of transferring personal
remittances from abroad to beneficiaries in India
Correct : B. MTSS
21. How many members are there in FATF?
Correct : D. 37
22. A fixed deposit receipt is kept with the bank for its safety, is known as ?
Correct : A. Safe custody
23. Sukanya Samriddhi Yojana was launched in which year?
Correct : B. 2015
24. The Definition of ‗Banking‘ is given in
Correct : C. The Banking Regulation Act, 1949
25. Generally, what is the designation of head of public sector undertakings (PSUs) and PSU banks in India?
Correct : B. Chairman cum Managing Director
26. The Imperial Bank of India, after its nationalization came to be known as
Correct : B. State Bank of India
27. Which of the following rates are reviewed by the RBI at the time of periodical review of the policy?
1). Bank 2). Repo 3). Savings bank rate
Correct : D. All the three
28. Expand the term LIBOR as used in financial
banking sectors?
Correct : D. London Inter Bank Offered Rate
29. Cash kept in the currency chest is owned by?
Correct : D. Reserve Bank of India
30. Which bank has acquired the Sharekhan.com- broking and trading company?
Correct : B. BNP Paribas
31. Which of the following institution is meant for small and medium enterprises?
Correct : B. SIDBI
32. What is the full form of FATCA?
Correct : B. Foreign Account Tax Compliance Act
33. Interest payable on savings bank accounts is-
Correct : D. decided by banks following the guidelines of RBI
34. If the rate of inflation increases then the-
Correct : B. purchasing power of money decreases.
35. In India, National income is estimated by ?
Correct : C. Central Statistical Office
36. Medium-term industrial finance refers to the
funds required for a period of one year to
Correct : E. 5 years
37. What does the acronym IFCI mean?
Correct : B. Industrial Finance Corporation of India
38. Banks are required to provide loans to the priority sector upto a specified limit. What is the limit for public sector bank?
Correct : C. 40%
39. Which of the following bank has its headquarters in Tamil Nadu?
Correct : B. Karur Vysya Bank
40. Which of the following scheme was formulated by RBI?
Correct : A. Banking Ombudsman Scheme
41. A transfer of money from a migrant worker to their families or other individuals in their home countries is known as
Correct : B. Foreign Remittance
42. While discussing investments there is mention of short term government security. What is this type of investment known as
Correct : D. Treasury Bill
43. Regional rural banks are managed by
?
Correct : D. All of the above
44. ‗Birr‘ is the name of currency of which of the
following countries?
Correct : C. Ethiopia
45. Which of the following has become the first
Indian lender to complete a banking transaction using Blockchain technology?
Correct : B. ICICI Bank
46. The main mandate of Payments Banks is to
offer which of the following?
Correct : D. Remittance services
47. Under the RBI,s SDR scheme, banks can
convert their loans into equity, acquire a majority stake in the firm and bring in new promoters, Here the term SDR means
Correct : D. Strategic Debt Restructuring
48. Usually, the validity period of an Income Tax
Refund Order is?
Correct : C. 3 months
49. Money laundering is related to ------------------
----------
Correct : C. To reduce the Black Money
50. NAMA word is related to which organisation
?
Correct : A. World Trade Organisation
51. Service Area Approach (SAA) is associated
With?
Correct : D. Rural and Semi-urban branches of commercial banks
52. When was the 2nd phase of nationalization of
banks done?
Correct : A. 15th April 1980
53. The object of introducing base rate by RBI
is (A) Enhancing transparency in lending rates of (B) Enabling better assessment of transmission of monetary (C) Keeping interest rates low
Correct : A. A and B
54. What is the full form of LERMS ?
Correct : A. Liberalised Exchange Rate Management System
55. Certificate of Deposit (CDs) and Commercial Paper (CPs) are the instruments widely used in which of the following financial sector market..?
Correct : D. Money Market
56. To authenticate a Digital Signature in Cheque Truncation System (CTS), which of the following keys are used..
Correct : A. Private Key
57. Payment of a cheque cannot be made on a cash counter of the bank if the cheque is:-
Correct : B. cross
58. The nature of convertibility of the Indian Economy is .
Correct : D. Convertibility at current account
59. SEBI is related to .
Correct : C. Share Market
60. Foreign Currency which has a tendency of quick migration is called-
Correct : D. Hot Currency
61. The term ‗Paper Gold‘ means
Correct : D. Special drawing rights of the IMF
62. Current deposits are also known as
Correct : B. Demand Deposits
63. What does CRISIL stand for?
Correct : C. Credit Rating and Investment Services of India Limited
64. The word "Code Sharing" is most used in which of the following industries?
Correct : D. Air Transport Industry
65. Banks are required to pay how much percentage of their net bank credit to Priority Sector in advance ?
Correct : C. 10%
66. Expand NPD?
Correct : A. Net Primary Deficit
67. Where is National Institute of Bank Management (NIBM) located?
Correct : C. Pune
68. India has emerged as the world‘s
largest startup base, according to a new report by Nasscom
Correct : D. Third
69. The RBI has authorized the Receivables Exchange of India (RXIL) to launch the country‘s first trade receivables exchange platform for MEMEs buyers and financiers. The RXIL is promoted by
Correct : E. Both a) and b)
70. Vijaya Bank has been adjudged ‗Best Bank for SME Lending‘ in PSB category by Assocham at the 4th SMEs excellence Awards. The bank is headquartered at
Correct : C. Bengaluru
71. When a corporate entity wishes to raise money from the market it can do that by issuing .
Correct : A. Commercial Papers
72. The new Indian Currency Note of Rs. 2000
denomination will have an image of:
Correct : D. Mangalyaan
73. Axis Bank, in collaboration with the e-retailer
has launched ‗Axis Bank Buzz Credit Card‘ payment solution in an attempt to enhance the customer‘s online shopping experience
Correct : A. Flipkart
74. Which of the following agencies/organizations has decided to make major changes of ULIPs?
Correct : A. IRDA
75. NEFT and RTGS in banking terminology speak of
Correct : D. Electronic fund transfer from bank to bank
76. Which of the following is a risk free Instrument?
Correct : D. Fixed Deposits
77. Headquarters of Asian Development Bank in
Correct : A. Mandaluyong, Philippines
78. Which one of the following is the directive given to the government of India in the financial stability report submitted to it?
Correct : A. To reduce fiscal deficit
79. The sponsor bank of Ellaquai Dehati Bank is?
Correct : D. SBI
80. The sponsor bank of Pallavan Grama Bank is?
Correct : C. Indian Bank
81. Presently which Indian bank has the largest number of foreign branches?
Correct : C. Bank of Baroda
82. Which of the following groups suffer the most
from inflation
Correct : B. Creditors
83. ―Currency Swap‖ is an instrument to manage
?
Correct : D. Cash Flows in different currencies
84. Currency notes issued by RBI are fully covered by:
Correct : B. Gold
85. An unbanked customer can initiate IMPS transaction using the services of .
Correct : A. PPI
86. Special Drawing Rights (SDR) are supplementary foreign exchange reserve assets defined and maintained by
Correct : D. International Monetary Fund
87. Invisible export means export of .
Correct : A. Services
88. The Reserve Bank of India does NOT decide the
Correct : D. Rate of Dearness Allowance for Government Employees
89. A banking system where all operations are confined to a single office is known as
Correct : A. Unit Banking
90. Raising or lowering of the central bank
discount rate is known as
Correct : A. Bank rate policy
91. Bank draft is a
Correct : B. cheque which a bank draws itself
92. Which of the following is not the part of the scheduled banking structure in India?
Correct : A. Money Lenders
93. Which of the following rates signals the RBI‘s long-term outlook on interest rates?
Correct : C. Bank Rate (BR)
94. Which of the following agencies maintain RIDF (Rural Infrastructure development Fund) ?
Correct : C. NABARD
95. What is the Statutory Liquidity Ratio (SLR) on January 02 2017?
Correct : C. 20.50%
96. A tradition of trust is the tagline of
Correct : C. Allahabad Bank
97. Which of the following is known as ―Retail banking‖?
Correct : C. Consumer banking
98. Banks located in jurisdictions with low taxation and regulation is known as
Correct : B. Offshore banks
99. Where are the headquarters of EFTA located?
Correct : B. Brussels
100. An EEFC account can be held only in the form
of