Quiznetik
Banking Awareness | Set 13
1. Loan of very small amounts given to low income groups is called ?
A. Cash credit
B. Micro credit
C. Simple overdraft
D. No frills loans
E. Rural credit
Correct : B. Micro credit
2. Whose signature is found on a 50 rupee currency note in India?
A. President of India
B. Governor, RBI
C. Finance Minister
D. Prime Minister of India
E. Secretary, Ministry of Finance
Correct : B. Governor, RBI
3. Central Depository Services Limited (CDSL), is the second Indian central securities depository based in?
A. New Delhi
B. Chennai
C. Hyderabad
D. Mumbai
E. Noida
Correct : D. Mumbai
4. Banks allow some important customers to withdraw without clear credit balance. Such facility is known as:
A. Zero balance
B. Current Account
C. Overdraft
D. Demand draft
E. Promissory
Correct : C. Overdraft
5. Educational for All Development Index is released by -
A. IMF
B. World Bank
C. UNO
D. WTO
E. Other than the given options
Correct : C. UNO
6. ―We understand your world‖ is the tagline of
A. Federal Bank
B. Yes Bank
C. HDFC Bank
D. Karur Vysya Bank
E. None of these
Correct : C. HDFC Bank
7. What type of loan is granted by banks for purchase of the White Goods?
A. Home Loan
B. Jewel Loan
C. Finance Loan
D. Consumer Durables Loan
E. Both a) And c)
Correct : D. Consumer Durables Loan
8. An account is considered dormant when there is no transaction through it for more than
A. 12 months
B. 6 months
C. 18 months
D. 24 months
E. None of these
Correct : D. 24 months
9. The commercial paper can be issued by ?
A. Corporates
B. Reserve Bank of India
C. IDBI
D. Every non-banking company
E. None of the above
Correct : A. Corporates
10. Who is the MD and CEO of Corporation Bank?
A. Suresh N Patel
B. Jai Kumar Garg
C. R K Takkar
D. M O Rego
E. None of these
Correct : B. Jai Kumar Garg
11. Base rate is the rate below which no bank can allow their lending to anyone. Who sets-up ‗Base rate‘ for banks?
A. Individual Banks’ Board
B. Ministry of Commerce
C. Ministry of Finance
D. RBI
E. Interest Rate Commission of India
Correct : D. RBI
12. Under which of the following methods of depreciation, amount of depreciation varies every year?
A. Written Down Value Method
B. Straight Line Method
C. Amount of depreciation does not very on year to year basis
D. All of the above
E. None of the above
Correct : A. Written Down Value Method
13. ‗Rupay‘ is a domestic card scheme of
A. VISA
B. NPCI
C. RBI
D. NACH
E. None of these
Correct : B. NPCI
14. Which city gets the countries first Talking ATM?
A. Ahemedabad, Gujarath
B. Chennai, Tamilnadu
C. Thiruvananthapuram, Kerale
D. Both a) and b)
E. None of these
Correct : A. Ahemedabad, Gujarath
15. Ashok Kumar Pradhan, chief General Manager at state bank of Bihar & Jaipur, has been appointed as executive Director at
A. United Bank of India
B. Union Bank of India
C. Allahabad Bank
D. Bank of Maharashtra
E. Punjab National Bank
Correct : A. United Bank of India
16. One of the State Government avails of a temporary financial assistance from Reserve Bank of India. This type of finance is called ?
A. Overdraft
B. Temporary loan
C. Short term finance
D. Ways and Means advance
E. None of the above
Correct : D. Ways and Means advance
17. With reference to a cheque which of the following is the ―drawee bank‖?
A. The bank that collects the cheque
B. The payee's bank
C. The endorsee's bank
D. The endorser's bank
E. The bank upon which the cheque is drawn
Correct : E. The bank upon which the cheque is drawn
18. A rise in the reserve ratio of banks ?
A. Will lead to an increase in the money supply
B. Will lead to a proportionate increase in the money supply
C. Will lead to a decrease in the money supply
D. Will have no impact on money supply
E. None of the above
Correct : C. Will lead to a decrease in the money supply
19. Devaluation of money means
A. Decrease in the internal value of money
B. Decrease in the external value of money
C. Decrease in the internal and external value of money
D. The government takes back currency notes of any denominations
E. None of these
Correct : B. Decrease in the external value of money
20. What is the full form of POPs?
A. Presence of Point
B. Points of Private
C. Presence of Presence
D. Points of Presence
E. Points of Public
Correct : D. Points of Presence
21. Savings bank accounts are generally opened by
A. firms
B. companies
C. association of persons
D. individuals
E. none of these
Correct : D. individuals
22. Which of the following is the authority for effecting changes in the Cash Reserve Ratio and Statutory Liquidity Ratio?
A. Reserve Bank of India
B. Indian Bank’s Association
C. Government of India
D. IDBI
E. None of the above
Correct : A. Reserve Bank of India
23. Which of the following is Annuity Service Provider?
A. Life Insurance Companies
B. Public Sector Banker
C. Private Sector Banks
D. NBFCs
E. None of these
Correct : A. Life Insurance Companies
24. A commercial bank law creates credit only if it has
A. Cash in the vault
B. Excess reserves
C. Permission of Reserve Bank of India
D. Cooperation of other banks
E. None of these
Correct : A. Cash in the vault
25. Group of people such as workers who pool their money together for savings and to make loan is called a/an
A. Public Union
B. Credit Union
C. Labour Union
D. Cooperative Union
E. None of these
Correct : B. Credit Union
26. Which of the following is the Statutory Liquidity ratio (SLR), at present?
A. 10%
B. 21.5%
C. 20.50%
D. 24%
E. 33%
Correct : C. 20.50%
27. Which among the following years, the BFS was constituted?
A. November 1969
B. November 1956
C. November 1949
D. November 1982
E. November 1994
Correct : E. November 1994
28. BFS stands for-
A. Board for First Supervision
B. Bureau for Financial Supervision
C. Board for Financial Supervision
D. Board for Financial System
E. Board for Financial Service
Correct : C. Board for Financial Supervision
29. The logo of Bank of Baroda is known as—
A. Sun of Bank of Baroda
B. Baroda Sun
C. Bank of Baroda’s Rays
D. Sunlight of Bank of Baroda
E. None of these
Correct : B. Baroda Sun
30. Government of India to issue a notification body to pay interest on inoperative PF accounts
A. 5.4%
B. 6.5%
C. 7.7%
D. 8.8%
E. None of these
Correct : D. 8.8%
31. Which of the following can be used to check the authenticity of the Certificate?
A. Unique Identification Number
B. Account Number
C. PAN Number
D. All of the above
E. None of these
Correct : A. Unique Identification Number
32. The BFS's board member are appointed for term of :
A. 2 years
B. 3 years
C. 4 years
D. None of These
E. All of these
Correct : A. 2 years
33. Which of the following is correct:
A. Reserve Bank of India Act, 1935
B. Reserve Bank of India Act, 1934
C. Reserve Bank of India Act, 1930
D. All of these
E. None of These
Correct : B. Reserve Bank of India Act, 1934
34. Which is not an Associate Bank of SBI?
A. State Bank of Bikaner & Jaipur
B. State Bank of Travancore
C. State Bank of Mysore
D. State Bank of Rajasthan
E. None of the given options is true
Correct : D. State Bank of Rajasthan
35. The merchant banking activity in India is governed by
A. RBI
B. SEBI
C. IRDA
D. Both (a) and (c)
E. None of these
Correct : B. SEBI
36. Which was the first bank to introduce credit card in India?
A. Canara Bank
B. Central Bank of India
C. Bank of Baroda
D. ICICI Bank
E. None of these
Correct : B. Central Bank of India
37. Which of the following maintains the RIDF (Rural Infrastructure Development Fund) ?
A. RBI
B. IDBI
C. SIDBI
D. NABARD
E. None of these
Correct : D. NABARD
38. Which of the following bank headquarters located in Bangalore?
A. Vijaya Bank
B. Corporation Bank
C. Karnataka Bank
D. All of the above
E. None of these
Correct : A. Vijaya Bank
39. It is a tax which is levied at the same rate all income levels.
A. Progressive Tax
B. Regressive Tax
C. Proportional Tax
D. Sales Tax
E. None of these
Correct : C. Proportional Tax
40. Which of the following is important part of National Pension System (NPS)?
A. Asset allocation
B. Tax collection
C. Fund management
D. Both (a) and (c)
E. Both (b) and (c)
Correct : D. Both (a) and (c)
41. Cash reserve ratio is the deposit to be held by banks with Reserve Bank of India
A. Voluntary
B. Mandatory
C. Optional
D. As decided by the chairman and managing director
E. None of these
Correct : B. Mandatory
42. In which year Statutory Liquidity ratio was first imposed on banks?
A. 1949
B. 1951
C. 1955
D. 1968
E. None of these
Correct : A. 1949
43. illustrates the financial position of a bank at a given point of time
A. Ledger account
B. Balance sheet
C. Cash flow statement
D. Income statement
E. None of these
Correct : B. Balance sheet
44. Who is the present Managing Director (MD) & Chief Executive Officer (CEO) of National Housing Bank (NHB)?
A. Sriram Kalyanaraman
B. Harsh Kumar Bhanwala
C. Kshatrapati Shivaji
D. Yaduvendra Mathur
E. Upendra Kumar Sinha
Correct : A. Sriram Kalyanaraman
45. Tarapore Committee submitted its report on "Full Convertibility on Rupee" in-
A. Americal Depository Receipt
B. Current Account
C. Capital Account
D. None of these
E. All of these
Correct : C. Capital Account
46. Maximum age for retirement for MD/CEO of all private banks is
A. 60 years
B. 65 years
C. 70 years
D. 75 years
E. None of these
Correct : C. 70 years
47. is the macroeconomic policy laid down by the central bank.
A. Monetary Policy
B. Fiscal Policy
C. Credit Score
D. Credit Bureaus
E. None of these
Correct : A. Monetary Policy
48. Urban cooperative banks are controlled by and
A. State government – RBI
B. NABARD – RBI
C. SEBI – RBI
D. Central government – NABARD
E. NABARD – state governments
Correct : B. NABARD – RBI
49. The Co-operative bank is governed by the banking regulation Act 1949 and co-operative societies Act of
A. 1963
B. 1965
C. 1975
D. 1961
E. None of these
Correct : B. 1965
50. Which commission distributes the taxes between center and states?
A. Finance Commission
B. NITI Ayog
C. SEBI
D. NABARD
E. None of these
Correct : A. Finance Commission
51. Money market is a market for debt securities that pay off in the short term………..
A. Usually less than two years.
B. Usually less than three years.
C. Usually less than one year.
D. Usually less than five years.
E. None of these
Correct : C. Usually less than one year.
52. Providing banking services to a customer without his entrance inside the bank‘s branch is called as:
A. Virtual banking
B. Relationship banking
C. Universal banking
D. Mobile banking
E. None of these
Correct : A. Virtual banking
53. Which committee has recommended introduction of smart card?
A. Rangarajan committee
B. Saraf committee
C. Nayak committee
D. Pannieselvam committee
E. None of these
Correct : B. Saraf committee
54. Which of the following is not a characteristic of foreign exchange?
A. It is a commodity
B. Rates are volatile
C. It has no exact location
D. It works 7 days in a week
E. None of these
Correct : D. It works 7 days in a week
55. Axis Bank is the changed name of
A. ICICI
B. UTI
C. IDBI
D. UTO
E. Imperial Bank
Correct : B. UTI
56. DICGC stands for -----
A. Demand insurance and Credit guarantee Corporation
B. Demand insured and Current guarantee Corporation
C. Deposit insured and Credit guarantee Corporation
D. Detailed insurance and Credit guarantee Corporation
E. Deposit insurance and Credit guarantee Corporation
Correct : E. Deposit insurance and Credit guarantee Corporation
57. In which among the following years NPCI (National Payments Corporation of India)was incorporated-
A. December 2008
B. January 2006
C. April 2010
D. July 2012
E. None of the given options is true
Correct : A. December 2008
58. Which card is a new card payment scheme launched by NPCI?
A. Maestro card
B. Visa Card
C. MasterCard
D. RuPay
E. None of the given options is true
Correct : D. RuPay
59. United Bank of India was established on December 18
A. 1942
B. 1945
C. 1950
D. 1960
E. None of these
Correct : C. 1950
60. Who is the MD and CEO of Allahabad Bank?
A. Ravi Krishan Takkar
B. Kishor Piraji
C. Pawan Kumar Bajaj
D. Usha Ananthasubramanian
E. None of these
Correct : D. Usha Ananthasubramanian
61. The govt. of India replaced the FERA ?
A. FEMA
B. FRBMA
C. Monopolies Act
D. FRTP
E. None of these
Correct : A. FEMA
62. “The Bank that begins with ―U‖‖ is the tagline of
A. Union Bank of India
B. UCO Bank
C. United Bank of India
D. Central Bank of India
E. None of these
Correct : C. United Bank of India
63. Where is the head office of Bank for International Settlements (BIS)?
A. Zurich, Switzerland
B. New York, USA
C. Basel, Switzerland
D. Berlin, Germany
E. Geneva, Switzerland
Correct : C. Basel, Switzerland
64. Director General of Foreign Trade is working under .
A. Ministry of Finance
B. Ministry of Commerce
C. Ministry of External Affairs
D. Reserve Bank of India
E. None of these
Correct : B. Ministry of Commerce
65. NOSTRO Account is a
A. Foreign Account maintaining account with any bank in India
B. Any Indian bank maintaining account with a bank abroad
C. Foreign Bank maintaining account with RBI
D. Indian account maintaining account with RBI
E. None of these
Correct : B. Any Indian bank maintaining account with a bank abroad
66. Which of the following banks was first to establish merchant banking business in India?
A. ABN Amro Bank
B. Citibank
C. HDFC Bank
D. Standard chartered
E. Grindlays Bank
Correct : E. Grindlays Bank
67. Which Bank of India maintains the Principal Accounts of Central as well as State Governments at its Central Accounts Section?
A. IDBI
B. SBI
C. SIDBI
D. NABARD
E. RBI
Correct : E. RBI
68. BLA stands for
A. Bond Ledger Account
B. Bond Lending Account
C. Basic Ledger Account
D. Basic Lending Account
E. None of these
Correct : A. Bond Ledger Account
69. In which year Public Debt Act was passed ?
A. 1938
B. 1940
C. 1944
D. 1948
E. None of these
Correct : C. 1944
70. What is the minimum period of maturity prescribed for Commercial Paper (CP)?
A. 17 Months
B. 14 Days
C. 01 Year
D. 07 days
E. 05 years
Correct : D. 07 days
71. Sovereign Gold Bonds can be held in account.
A. Current Account
B. SB Account
C. Term Deposits
D. Demat
E. None of these
Correct : D. Demat
72. Headquarters of Canara Bank located in
A. Bangalore
B. Hyderabad
C. Mumbai
D. Vadodara
E. none of these
Correct : A. Bangalore
73. Living, Breathing Asia is the tagline of
A. DBS Bank
B. Bank of America
C. CITI Bank
D. Deutsche Bank
E. none of these
Correct : A. DBS Bank
74. Which of the following is not considered as a means of foreign capital inflow into the country?
A. FDI
B. FCNR accounts
C. FII
D. No frills accounts
E. None of these
Correct : D. No frills accounts
75. Who is the major shareholder in NABARD?
A. RBI
B. Central Government
C. SBI
D. All of these
E. None of these
Correct : B. Central Government
76. The term ‗transfer‘ is defined under
A. Foreign Exchange Management Act, 1999
B. Companies Act, 2013
C. RBI Act 1934
D. All of these
E. None of these
Correct : A. Foreign Exchange Management Act, 1999
77. Collection of coins is both a hobby and study. Which word describes this habit?
A. Philately
B. Numismatics
C. Coinage
D. Mint
E. None of these
Correct : B. Numismatics
78. Which of the following is a non-deposit accepting loan company?
A. NBFC
B. IFC
C. NABARD
D. SEBI
E. None of these
Correct : B. IFC
79. NPCI stands for ?
A. National Payments Corporation of India
B. National Payable Corporation of India
C. National Payments Co-operative of India
D. Nation Payable Corporation of India
E. None of these
Correct : A. National Payments Corporation of India
80. Indian Banking Regulation Act was passed in the year?
A. 1949
B. 1969
C. 1971
D. 1947
E. None of these
Correct : A. 1949
81. Which of the following was the first bank to introduce the concept of the ATM in India way back in 1987?
A. Citibank
B. HSBC
C. Deutsche Bank
D. Standard Chartered
E. Barclays Bank
Correct : B. HSBC
82. Which of the following has become the first bank in India to connect with Earthport's global payments network, which spans over 60 countries?
A. Federal Bank
B. Kotak Mahindra Bank
C. Axis Bank
D. ICICI Bank
E. Yes Bank
Correct : C. Axis Bank
83. The National Stock Exchange (NSE) has selected who among the following as its new CEO and Managing Director?
A. Ashok Chawla
B. Subrato Das
C. Ashish Chauhan
D. MS Raghavan
E. Vikram Limaye
Correct : E. Vikram Limaye
84. Usha Ananthasubramanian is the present MD and CEO of Allahabad bank. Previously she work in which of the following banks?
A. ICICI Bank
B. Bank of Baroda
C. Axis Bank
D. Bank of India
E. Punjab National Bank
Correct : E. Punjab National Bank
85. The India post Payments Bank (IPPB) launched its operations recently. The paid-up equity of the IPPB is
A. Rs. 500 cr
B. Rs. 800 cr
C. Rs. 1000 cr
D. Rs. 1200 cr
E. Rs. 1500 cr
Correct : B. Rs. 800 cr
86. Which of the following bank headquarters not located in Mumbai?
A. Federal Bank
B. Yes Bank
C. Kotak Mahindra Bank
D. HDFC Bank
E. None of these
Correct : A. Federal Bank
87. Federal Reserve is the central bank of :
A. USA
B. Japan
C. India
D. China
E. None of these
Correct : A. USA
88. Where is the central office of Asian Development Bank?
A. Tokyo
B. Manila
C. London
D. Dhaka
E. None of these
Correct : B. Manila
89. BSBDA, stands for:
A. Basic Savings Bank Dual Account
B. Base Savings Bank Deposit Account
C. Basic Savings Bank Deposit Application
D. Basic Savings Bank Deposit Account
E. None of these
Correct : D. Basic Savings Bank Deposit Account
90. If the involvement of financial intermediary in aiding credit creation without regulatory oversight is Called:
A. Virtual banking
B. Common banking
C. Unit banking
D. Shadow banking
E. Yes banking
Correct : D. Shadow banking
91. Goods and services tax would replace which tax?
A. Custom duty
B. Excise duty
C. Value added tax
D. Service tax
E. None of these
Correct : C. Value added tax
92. Which of the following is also known as policy rate?
A. Bank rate
B. Repo rate
C. Base rate
D. CRR
E. None of these
Correct : D. CRR
93. In the context of banking system, what does productivity means?
A. Production of service
B. Business per employee
C. Quality of customer service
D. Both (a) and (b)
E. None of these
Correct : B. Business per employee
94. Which of the following term is not associated with economy?
A. GDP
B. Hindu Growth
C. PPP
D. LED
E. None of these
Correct : D. LED
95. What is the expanded form ECS as used in banking sector?
A. Effective Clearing Service
B. Enabled Clearing System
C. Electronic Clearing Service
D. Electronic Confirmation System
E. None of these
Correct : C. Electronic Clearing Service
96. “Your perfect banking partner‖ is the tagline of
A. Karnataka Bank
B. Federal Bank
C. IndusInd Bank
D. Kotak Mahindra Bank
E. None of these
Correct : B. Federal Bank
97. is the percentage of total deposits of a bank which it has to keep with itself in the form of liquid assets
A. Cash Reserve Ratio (CRR)
B. Marginal Standing Facility (MSF)
C. Statutory Liquidity Ratio (SLR)
D. None of these
E. All of these
Correct : C. Statutory Liquidity Ratio (SLR)
98. What is the Cash Reserve Ratio (CRR) on 07 March 2017?
A. 3.00%
B. 4.00%
C. 4.50%
D. 5.00%
E. None of these
Correct : B. 4.00%
99. New Bank of India was merged with which bank?
A. Bank of Baroda
B. PNB
C. Central Bank of India
D. SBI
E. None of the given options is true
Correct : B. PNB
100. Which of the following is an investment strategy in which a fund invests in other types of funds?
A. Bond
B. Securities
C. Stock
D. Funds of Fund
E. None of these
Correct : D. Funds of Fund