a) Mumbai,
b) New Delhi, Chennai,
c) Kolkata,
d) Nagpur
e) All the above
2. The Demonetized Notes Exchange facility is introduced in terms of which of the following?
a) Section 4 (1) of the Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016 of the Government of India dated December 30, 2016
b) Notification S.O. 4251(E) dated December 30, 2016
c) Indian Contract Act d) Both (a) and (b)
e) None of these
3. There is no monetary limit for exchange of demonetized notes for the eligible Resident Indians and the limit for NRIs will be as per the relevant FEMA Regulations. But NRIs should show which of the following?
a) Documentary evidence showing they were abroad during the period and, that they have not availed the exchange facility earlier
b) Customs certificate about import of SBNs by NRIs etc.
c) PAN/Aadhar Card d) All the above
e) None of these
4. The daily limit of withdrawal from ATMs has been increased (within the overall weekly limits specified) with effect from January 01, 2017, from the existing Rs. 2500/- to how much per day per card?
a) Rs.3000/-
b) Rs. 4500/-
c) Rs.3500/-
d) Rs.4000/-
e) None of these
5. The broad contours of Vision-2018 revolve around the 5 Cs. What are they?
a) Coverage - by enabling wider access to a variety of electronic payment services
b) Convenience - by enhancing user experience through ease of use and of products and processes
c) Confidence - by promoting integrity of systems, security of operations and customer protection
d) Convergence - by ensuring interoperability across service providers & Cost - by making services
cost effective for users as well as service providers
e) All the above
6. What is IIP ?
a) International Investment Position (IIP)
b) It is a statistical statement
c) It shows, at a point in time, the value and the composition of (a) financial assets of residents of
an economy that are claims on non-residents, and gold bullion held as reserve assets; and
d) It shows liabilities of residents of an economy to non-residents
e) All the above
7. WLAOs are solely responsible for the quality and genuineness of currency notes dispensed through their ATMs. Only ATM fit notes shall be used for this purpose. 60% of the cash sourced using such arrangement(s) shall be dispensed through WLAs located in rural and semi-urban areas. In the abbreviation WLA, the W stands for what?
a) White Label (White Label ATM )
b) White Wash
c) Where
d) Wish
e) None
8. The banking stability indicator (BSI) shows which of the following? Give details?
a) It shows risks to the banking sector.
b) It remained elevated due to continuous deterioration in asset quality, low profitability and liquidity.
c) The business growth of scheduled commercial banks (SCBs) remained subdued with public
sector banks (PSBs) continuing to lag behind their private sector peers.
d) System level profit after tax (PAT) contracted on y-o-y basis in the first half of 2016-17.
e) All the above
a) Running working capital accounts (OD/CC)/
b) crop loans, with any bank, the sanctioned limit whereof is Rs.1 crore or less;
c) Term loans for business purposes, secured or otherwise, the original sanctioned amount whereof is Rs.1 crore or less, on the books of any bank or any NBFC, including NBFC (MFI).
d) All the above
e) None of these
10. With a view to provide flexibility in regard to the manner in which non-convertible debentures/ bonds issued by Indian companies can be acquired by FPIs, it has now been decided to allow them to transact in such instruments either directly or in any manner as per the prevalent/approved market practice. In the abbreviation FPI, the letter P stands for what?
a) Private
b) Portfolio (FPI: Foreign Portfolio Investors )
c) Poor
d) Previous
e) None of these
11. Net claims of non-residents on India (as reflected by the net IIP) increased by how much over the previous quarter to US$ 367.6 billion as at end-September 2016?
a) US$ 14.8 billion
b) US$ 10 billion
c) US$ 5 billion
d) US$ 2 billion
e) None
12. The Central Government has, through notification F No. 7/1/2012-BO-I (Pt.) dated December 28, 2016, appointed Dr. Viral V. Acharya, currently C.V. Starr Professor of Economics, Department of Finance, New York University - Stern School of Business, for how many years?
a) 2 years
b) 3years
c) 5 years
d) one year
e) None of these
13. The Reserve Bank of India released the data on composition and institutional ownership pattern of deposits with scheduled commercial banks (SCBs) as on March 31, 2016.
Which of the following is correct?
a) Households owned the majority of deposits - to the tune of 61.5 per cent of the total deposits.
b) Government sector contributed 12.8 percent
c) Private corporate sector contributed 10.8 percent
d) All the above
e) None of these
14. Seven states/Union Territories, namely, Maharashtra, Delhi, Uttar Pradesh, Karnataka, Tamil Nadu, West Bengal and Gujarat comprised around 66 percent of total deposits of Scheduled Commercial Banks (SCBs) in India as on March 31, 2016. Maharashtra alone contributed how much of the total deposits ?
a) around 23%
b) 10%
c) 5%
d) 15%
e) None
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