1.Gross value Added (GVA) is a new concept introduced by which of the following?
a) Central Statistics Office (CSO)
b) ICAR
c) ICMR
d) NCERT
e) Planning Commission
2.RNBCs (Residuary Non-Banking Companies) registered with the Bank shall not issue which of the following?
a) debit cards
b) smart cards
c) stored value cards
d) charge cards
e) All the above
3.CRR is maintained in the form of what?
a) Shares
b) Bonds
c) Cash Balance with RBI
d) Promissory Notes
e) None of these
4.The Reserve Bank of India has beenauthorising non-banks and banks forissuance and operations of PrepaidPayment Instruments (PPI) as pertheguidelines framed underthe Paymentand Settlement Systems Act, 2007 (PSSAct). So far47 non-bank entities and how banks are operating payment systems for PPI ?
a) 27
b) 45
c) 22
d) 14
e) 6
5.In the abbreviation BBPS, the letter P stands for what?
a) Payment (BBPS: Bharat Bill Payment System)
b) Pavement
c) Passbook
d) Price
e) Push
6.India Post Payments Bank is started with a corpus of how much?
a) Rs.500 Crores
b) Rs.800 Crores
c) Rs.250 Crores
d) Rs.100 Crores
e) Rs.1 Crore
7.Is it compulsory to furnish Aadhaar Card for opening an account in a bank?
a) No. you may furnish Aadhaar card or any of the other five OVDs for opening an account.
b) Yes
c) Group Photo sufficient
d) Family Photo sufficient
e) None
8.National stock Exchange (NSE) launched separate indices on which of the following corporate houses of India ?
a) Tata
b) Aditya Birla
c) Mahindra Group
d) All the above
e) None of these
9.'One basis point' (bp) is how much?
a) One-hundredth of a percentage point
b) 1/10
c) 2/5
d) 4/5
e) None of these
10.The debit card is _________ with the card usage being linked to the availability of funds in the accounts of the customers.
a) a secured product
b) doubtful card
c) cannot be believed
d) misleading card
e) None of these
11.India's first Aadhar based ATM is started by which bank?
a) SBI
b) DCB Bank
c) SBH
d) SBM
e) SBBJ
17.In the abbreviation LMS, the letter L stands for what?
a) Learning (Learning Management System)
b) Life
c) Licence
d) Limited
e) None of these
12.What are the KYC requirements for opening a bank account (one needs to submit)?
a) a 'proof of identity and proof of address together with a recent photograph
b) Salary slip
c) PF book
d) Income Proof
e) None of these
13.The ratio of the 'Outside Liabilities exclud-ing borrowings/ loans from the group entities to Owned Funds' is called as what?
a) CRR
b) "Leverage Ratio"
c) SLR
d) CAR
e) CRAR
14.Merchant Discount Rates (MDR) for which of the following ?
a) debit cards
b) credit cards
c) prepaid cards
d) All the above
e) None of these
15.In the abbreviation OTP, the letter O stands forwhat?
a) One (OTP: One Time Password)
b) Once
c) Only
d) Over
e) Overdraft
16.As per RBI, SLR would to lowered to20.5% by which time?
a) October, 2016
b) December, 2016
c) January, 2017
d) March, 2017
e) None of these
17.PMFBY would be available to the farmers at premium of how much?
a) maximum up to 1.5% for Rabi
b) upto 2% for Kharif for Food crops, Pulses and Oil seeds
c) upto 5% for Annual Horticulture/Commercial Crops
d) All the above
e) None of these
18.How is 'partial freezing' imposed?
a) Banks have to give due notice of three months initially to the customers before exercising the option of 'partial freezing'
b) After that a reminder for further period of three months will be issued.
c) Thereafter, banks shall impose 'partialfreezing' by allowing all credits and disal-lowing all debits with the freedom to close the accounts.
d) Partial freezing is imposed in all the above ways
e) None of these
19.Pledge means ?
a) advance against goods
b) open working capital limits
c) bailment of goods as security for payment of a debt or performance of a promise
d) All the above
e) None of these
20."Banking company" is defined in which Act?
a) Indian Contract Act
b) in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949)
c) RBI Act
d) Negotiable Instruments Act
e) SARFAESI Act
