1.E-Kuberis related to which of the following?
a) Reserve Bank of India's Core Banking Solution (E-Kuber) system
b) LIC
c) IRDAI
d) SEBI
e) PFRDA
a) Reserve Bank of India's Core Banking Solution (E-Kuber) system
b) LIC
c) IRDAI
d) SEBI
e) PFRDA
2.Which of the following is an easy way of providing credit to the farmer community?
a) Kisan Credit Card
b) Indira Vikas Patra
c) National Savings Certificates
d) Loan against diamonds
e) None of these
a) Kisan Credit Card
b) Indira Vikas Patra
c) National Savings Certificates
d) Loan against diamonds
e) None of these
3.Loans of small or very small amounts given to low income group people are known as ?
a) investment loans
b) Micro credit
c) savings loans
d) secured loans
e) cash credit loans
a) investment loans
b) Micro credit
c) savings loans
d) secured loans
e) cash credit loans
4.Which of the following organisations/banks has done a commendable work in the field of microfinance and was awarded Nobel Prize also in the past?
a) CRY
b) Bangladesh Grameen Bank
c) ASHA
d) NABARD
e) NHB
a) CRY
b) Bangladesh Grameen Bank
c) ASHA
d) NABARD
e) NHB
5.What is 'SWIFT' in banking terminology?
a) Abird
b) A worldwide financial messaging network which exchanges messages between banks and financial institutions
c) Motherboard
d) Microchip
e) None
a) Abird
b) A worldwide financial messaging network which exchanges messages between banks and financial institutions
c) Motherboard
d) Microchip
e) None
6.The 3x3x3 matrix refers to three sectionsof the society which need a greaterfocus,pitching of products based on threekinds of surpluses that people generateand the three types of institutions thathave a central role to plan. Which of the following relating to this 3 x 3 x matrix in banking terminology?
a) the small and marginal farmers, sharecroppers
b) micro and small industries
c) the low salary earner in the unorganized sectors
d) All the above
e) None of these
a) the small and marginal farmers, sharecroppers
b) micro and small industries
c) the low salary earner in the unorganized sectors
d) All the above
e) None of these
7.RBI took which initiatives, aimed at making available benefits of banking services to the masses?
a) laying down priority sector lending requirements for banks
b) Lead Bank Scheme, establishment of regional Rural Banks (RRBs-1975-76)
c) Service Area Approach (1989), Self-Help Group-Bank Linkage Programme (1989-90)
d) setting up of Local Area Banks etc.
e) All the above
a) laying down priority sector lending requirements for banks
b) Lead Bank Scheme, establishment of regional Rural Banks (RRBs-1975-76)
c) Service Area Approach (1989), Self-Help Group-Bank Linkage Programme (1989-90)
d) setting up of Local Area Banks etc.
e) All the above
8.The numberof Basic Savings BankDeposit Accounts (BSBDAs) have goneup from 73 million in March 2010 tohow many as on March 31, 2016? Underthe PMJDYalone, until June 1, 2016,220 mn accounts have been opened with an approximate balance of Rs. 384 bn.
a) 100 million
b) 469 million
c) 200 million
d)215 million
e) None
a) 100 million
b) 469 million
c) 200 million
d)215 million
e) None
9.Government of India nationalized the banking operations of few commercial banks in how many tranches?
a) in two tranches i.e., in 1969 and 1980
b) one i.e., 1959
c) three
d) five
e) None of these
a) in two tranches i.e., in 1969 and 1980
b) one i.e., 1959
c) three
d) five
e) None of these
10.In which of the following declarations,"Poverty anywhere is a threat to pros-perity everywhere" is announced? (Thepolicy makers in India too i.e. Governmentof India and the RBI, had an early reali-sation about the implications of povertyforfinancial stability and have endeav-ored to ensure that poverty is tackled inall its manifestations and that the bene-fits of economic growth reaches the poor and excluded sections of the society.)
a) UNO
b) a profound ILO Declaration of Philadelphia (1944)
c) WHO
d) IAEA
e) WTO
a) UNO
b) a profound ILO Declaration of Philadelphia (1944)
c) WHO
d) IAEA
e) WTO
11.What is Financial Inclusion?
a) free Money distribution
b) It is the process of ensuring access toappropriate financial products and servicesneeded by all sections of the society in general and vulnerable groups such as weaker sections and low income groups in particular atan affordable cost in a fair and transparent manner by mainstream institutional players
c) Money printing
d) Money offering
e) None of these
a) free Money distribution
b) It is the process of ensuring access toappropriate financial products and servicesneeded by all sections of the society in general and vulnerable groups such as weaker sections and low income groups in particular atan affordable cost in a fair and transparent manner by mainstream institutional players
c) Money printing
d) Money offering
e) None of these
12.Sukanya Samriddhi Yojana Account is for whom? Give details?
a) Account can be opened in the name of agirl child till she attains the age of 10 years,however Government has stipulated abuffer time of 1 year. This means the girlchild who has attained the age of 10 years1 year prior to the announcement i.e. thegirl child born between 2 December 2003and 1 December 2004 can open Sukanya Samriddhi Account up to till 1 December2015.
b) Only fathers
c) only mothers
d) only grand parents
e) None of these
a) Account can be opened in the name of agirl child till she attains the age of 10 years,however Government has stipulated abuffer time of 1 year. This means the girlchild who has attained the age of 10 years1 year prior to the announcement i.e. thegirl child born between 2 December 2003and 1 December 2004 can open Sukanya Samriddhi Account up to till 1 December2015.
b) Only fathers
c) only mothers
d) only grand parents
e) None of these
13.Government of India has introduced Sukanya Samriddhi Account (SSA)under which campaign ?
a) Clean India Green India
b) 'Beti Bachao, Beti Padhao'.
c) Sansad Adarsh Gram Yojana
d) PMJDY
e) None of these
a) Clean India Green India
b) 'Beti Bachao, Beti Padhao'.
c) Sansad Adarsh Gram Yojana
d) PMJDY
e) None of these
14.IMPS is based on which of the following,at present?
a) Mobile banking
b) Post office banking
c) Payments banks
d) Small banks
e) None of these
a) Mobile banking
b) Post office banking
c) Payments banks
d) Small banks
e) None of these
15.Whether Cheque Book can be issued in accounts opened under PMJDY(i.e.,BSBDA)?
a) In PMJDYaccounts are being openedwith Zero balance. However, if theaccount-holder wishes to get cheque book,he/she will have to fulfill minimum balance criteria, if any, of the bank.
b) Can be issued without money balance
c) Can be issued if DBT is allowed
d) Can be issued if Aadhaar card is given
e) None of these
a) In PMJDYaccounts are being openedwith Zero balance. However, if theaccount-holder wishes to get cheque book,he/she will have to fulfill minimum balance criteria, if any, of the bank.
b) Can be issued without money balance
c) Can be issued if DBT is allowed
d) Can be issued if Aadhaar card is given
e) None of these
16.What is special advantage of RuPay Debit Card?
a) You can pay in US $
b) It provides accidental insurance coverup to Rs.1.00 lac without any charge to the customer.
c) You can pay in Pounds
d) You can pay in Yense) None of these
a) You can pay in US $
b) It provides accidental insurance coverup to Rs.1.00 lac without any charge to the customer.
c) You can pay in Pounds
d) You can pay in Yense) None of these
17.What are the objectives of Crop Finance?
a) The objective of the scheme is to meetgenuine short term crop production creditrequirements of farmers to enable them toundertake crop cultivation on modern linesso that they can increase their farm production and productivity level.
b) Daughter's marriage can be performed
c) Son's education expenditure can be met
d) Medical expenses can be met
e) None of these
a) The objective of the scheme is to meetgenuine short term crop production creditrequirements of farmers to enable them toundertake crop cultivation on modern linesso that they can increase their farm production and productivity level.
b) Daughter's marriage can be performed
c) Son's education expenditure can be met
d) Medical expenses can be met
e) None of these
18.Bank of India imported Gold Coins from whom?
a) UK
b) PAMPrefinery(Switzerland) which is one of the most trusted and reputed Gold refinery in the world.
c) USA
d) Russia
e) None of these
a) UK
b) PAMPrefinery(Switzerland) which is one of the most trusted and reputed Gold refinery in the world.
c) USA
d) Russia
e) None of these
19.Who is NRI? Give details?
a) Non-Resident Indian Means: Apersonresident outside India who is a citizen of India or a person of Indian origin
b) Indian citizens who proceed abroad foremployment or for carrying on any business or vocation or for any other purpose in circumstances indicating indefinite period of stay outside India.
c) Indian citizens working abroad onassignments with Foreign Governments,Government Agencies or International /Multinational Agencies like United NationsOrganization (UNO), InternationalMonetary Fund (IMF), World Bank etc.
d) Officials of Central and State Governments and Public Sector Undertakings deputedabroad on assignments with Foreign Govern -ment Agencies/Organisations or posted totheir own offices including Indian Diplomatic Missions abroad and Students going abroad for studying are now treated as Non-Resident Indians (NRIs) and are eligible for all the facilities available to NRIs under FEMA.
e) All the above
a) Non-Resident Indian Means: Apersonresident outside India who is a citizen of India or a person of Indian origin
b) Indian citizens who proceed abroad foremployment or for carrying on any business or vocation or for any other purpose in circumstances indicating indefinite period of stay outside India.
c) Indian citizens working abroad onassignments with Foreign Governments,Government Agencies or International /Multinational Agencies like United NationsOrganization (UNO), InternationalMonetary Fund (IMF), World Bank etc.
d) Officials of Central and State Governments and Public Sector Undertakings deputedabroad on assignments with Foreign Govern -ment Agencies/Organisations or posted totheir own offices including Indian Diplomatic Missions abroad and Students going abroad for studying are now treated as Non-Resident Indians (NRIs) and are eligible for all the facilities available to NRIs under FEMA.
e) All the above
20.To become a person of Indian origin(PIO) which of the following required ?
a) She/ He, at any time, held an Indian passport or
b) She/ He or either of her/his parents orany of her/his grand-parents was a citizenof India by virtue of Constitution of India or Citizenship Act 1955 (57of 1955)
c) The person is a spouse of an Indian Citizen or a person referred to In (a) or (b)
d) He/She should not be citizen of Bangladesh or Pakistan
e) All the above
a) She/ He, at any time, held an Indian passport or
b) She/ He or either of her/his parents orany of her/his grand-parents was a citizenof India by virtue of Constitution of India or Citizenship Act 1955 (57of 1955)
c) The person is a spouse of an Indian Citizen or a person referred to In (a) or (b)
d) He/She should not be citizen of Bangladesh or Pakistan
e) All the above
21.NRI's can open an account by Inwardremittances in any convertible currency from abroad by way of which of the following?
a) Demand drafts
b) SWIFT
c) Star Insta-Remit
d) Speed Remittance
e) All the above
a) Demand drafts
b) SWIFT
c) Star Insta-Remit
d) Speed Remittance
e) All the above
22.Bank Finance can be considered for which of the following purposes, in agriculture?
a) Purchase of hybrid/ improved seeds, fertilizers, manures, insecticides, pesticides,weedicides, etc.
b) Hire charges of tractor and other farm machinery/ implements, wages of hired labour, irrigation charges/ cost of fuel or power for running pump sets, etc.
c) Advance for storing the harvested produce for sale.
d) Advance for cultivation of commercialcrops including horticulture and plantationcrops and Finance for multiplication of hybrid/ high yielding varieties of seeds.
e) All the above
a) Purchase of hybrid/ improved seeds, fertilizers, manures, insecticides, pesticides,weedicides, etc.
b) Hire charges of tractor and other farm machinery/ implements, wages of hired labour, irrigation charges/ cost of fuel or power for running pump sets, etc.
c) Advance for storing the harvested produce for sale.
d) Advance for cultivation of commercialcrops including horticulture and plantationcrops and Finance for multiplication of hybrid/ high yielding varieties of seeds.
e) All the above
23.The Sovereign Gold Bonds will be sold through whom ?
a) banks, Stock Holding Corporation of India Limited (SHCIL)
b) designated post offices
c) recognised stock exchanges viz.,National Stock Exchange of India Limited and Bombay Stock Exchange
d) All the above
e) None of these
a) banks, Stock Holding Corporation of India Limited (SHCIL)
b) designated post offices
c) recognised stock exchanges viz.,National Stock Exchange of India Limited and Bombay Stock Exchange
d) All the above
e) None of these
24.In the abbreviation LEIL, the first letter L stands for what?
a) Life
b) Legal (LEIL: Legal Entity Identifier India Limited)
c) Latest
d) Level
e) Licence
a) Life
b) Legal (LEIL: Legal Entity Identifier India Limited)
c) Latest
d) Level
e) Licence
25.The Financial Action Task Force (FATF)is an intergovernmental body established in which year by the Ministers of it's Member jurisdictions ?
a) 1989
b) 1971
c) 1935
d) 1969
e) 1980
a) 1989
b) 1971
c) 1935
d) 1969
e) 1980
26.NRLM now renamed as by which of thefollowing, by restructuring and replacing the Swarnjayanti Gram Swarozgar Yojana (SGSY) scheme recently ?
a) PMJDY
b) Deen dayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)
c) Clean India - Green India
d) Swachh Bharat
e) None of these
a) PMJDY
b) Deen dayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)
c) Clean India - Green India
d) Swachh Bharat
e) None of these
