1. 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
2. To open a savings account in the name of a minor, we should ensure:
a) The person can independently read, write and sign
b) Only operated by self; either physical visits or through ATMs
c) An undertaking furnished by the major guardian
d) Only (a)
e) (a), (b) and (c)
3. Which of the following products launched by most of the bankshelp farmers in getting instant
credit for various agricultural purposes?
a) Kisan Credit Card
b) Personal loan
c) Business loan
d) Only (a) and (b)
e) None of the above
4. Banks have started opening biometric ATMs now. Such ATMs will prove most beneficial for
which of the following categories of customers?
a) Govt. employees
b) HNIs
c) NRIs
d) Students
e) Illiterate people
5. Which of the following institution provides long run finance to industries
a) UTI
b) LIC
c) GIC
d) IDBI
e) All of the above
6. Who among the following has been appointed as Executive Director of the RBI, replacing N.S.
Vishwanathan, who recently was elevated as Deputy Governor of the RBI?
a) M.D. Patra
b) Sudharshan Sen
c) Chandan Sinha
d) U.S. Paliwal
e) Deepali Pant Joshi
7. Account payee crossing is a direction of the drawer:
a) to collecting banker
b) to drawee banker
c) to payee
d) to all endorsees
e) paying Banker
8. Govt. proposes to do away the ___ for its fiscal affairs management from fiscal 2017-18.
a) Plan and Non - Plan classification
b) Revenue receipts and Capital receipts classification
c) Tax and non tax receipts classification
d) Only (a) and (b)
e) None of these
9. The advantages of securitization for a Bank is:
a) It provides liquidity to the issuing Bank
b) The Bank capital does not get blocked
c) Securitization proceeds can be used for fresh lending
d) Only (a) and (b)
e) (a), (b) and (c
10. Example of the product line of a Bank is:
a) Car loan
b) Personal loan
c) Home loan
d) Mortgage loan
e) All of the above
11. As per Prevention of Money Laundering act, the banks are required to maintain record of transactions for a minimum period of ____ from date of cessation of the transaction.
a) 2 years
b) 5 years
c) 10 years
d) 20 years
e) 25 years
12. Statutory cash reserve ratio for scheduled banks is regulated by Reserve Bank of India under powers conferred upon it by?
a) Reserve Bank of India act, 1934
b) Banking Regulation act, 1949
c) Companies act, 1956
d) Union Ministry of Finance
e) Negotiable Instruments act, 1881
13. The commercial paper can be issued by:
a) All banks
b) All corporate
c) All corporate with net worth of at Rs. 1 crore
d) All corporate with net worth of at least Rs. 4 crores
e) Other than those given as options
14. "Ek Bharat Shreshtha Bharat" programme is meant for linking ___ to connect people through
exchanges in areas of language, trade, culture, travel and tourism:
a) States and Cities
b) States and Districts
c) Cities and Towns
d) Districts and Villages
e) None of the above
15. RBI's open market operation transactions are carried out with a view to regulate?
a) Liquidity in the economy
b) Prices of essential commodities
c) Inflation
d) Only (a) and (c)
e) (a), (b) and (c)
16. What is an Indian Depository Receipt (IDR)?
a) A deposit account with a Public Sector Bank
b) A deposit account with any of depositories in India
c) It is a financial instrument denominated in Indian currency and are issued by a domestic
depository and the underlying equity
d) Shares are secured with a custodian
e) None of the above
17. Which among the following bank/ banks in India have set up the Financial Literacy and Cred-
it Counseling Centers?
a) Reserve Bank of India
b) Scheduled Commercial Banks
c) Foreign Banks working in India
d) NABARD
e) None of the above
18. Which of the following bank was not nationalized in 1969?
a) Canara Bank
b) United Bank of India
c) UCO Bank
d) Punjab National Bank
e) Andhra Bank
19. Which of the following comes under RBI's quantitative measures?
a) Bank Rate Policy
b) Open Market Operation
c) Cash Reserve Ratio
d) Statutory Liquidity Ratio
e) All the above
20. Prior to the establishment of the Reserve Bank of India, the Government banking business was
conducted by:
a) Bank of India
b) Central Bank of India
c) National Bank of India
d) Imperial Bank of India
e) Punjab National Bank
21. The assets of the banks will be classified as Standard, Sub-standard, Doubtful and Loss assets. Wherein assets which have remained NPA for a period less than or equal to 12 months, are termed as:
a) Substandard assets
b) Doubtful assets
c) Loss assets
d) Provisional assets
e) Other than those given as options
22. Which of the following is not associated with risks related to risk management in banks?
a) Credit risk
b) Market risk
c) Profit risk
d) Operational risk
e) None of these
23. Which of the following is not an authorized mode in Banks to Transfer Money, Know the balance, in the account, etc.?
a) Online
b) Mobile
c) Phone
d) Video Conferencing
e) None of the above
24. A trust is a legal entity authenticated by a:
a) Title deed
b) Sale deed
c) Trust deed
d) Partnership deed
e) Power of attorney
