a) Liquidity Management
b) MCLR
c) CRAR
d) CAR
e) None of these
2. The amended RBI Act provides for the inflation target to be set by the Government of India, in consultation with the Reserve Bank, once in every five years. Accordingly, the Central Government has notified in the Official Gazette _____. [Consumer Price Index (CPI) inflation as the target for the period from August 5, 2016 to March 31, 2021 with the upper tolerance limit of 6 percent and the lower tolerance limit of 2 percent.]
a) 2%
b) 4 %
c) 10%
d) 20%
e) None
3. Central Government notified which of the following as factors that constitute failure to achieve the inflation target ?
a) Average inflation is more than the upper tolerance level of the inflation target for any three consecutive quarters
b) Average inflation is less than the lower tolerance level for any three consecutive quarters.
c) Both (a) and (b)
d) SLR
e) Base Rate
4. Section 45ZB of the amended RBI Act, 1934 provided for an empowered monetary policy committee (MPC) to be constituted by the Central Government by notification in the Official Gazette. In MPC how many members will be there?
a) Four member
b) Six-member
c) Three member
d) Two member
e) None of these
5. Central Government in September 2016 constituted the MPC. Who is the Chairperson of Monetary Policy Committee(MPC)?
a) Governor of the Reserve Bank of India
b) Union Finance Minister
c) Union Agriculture Minister
d) Union Labour Minister
e) Union Industries Minister
6. Which of the following is correct about Liquidity Adjustment Facility (LAF)?
a) The LAF consists of overnight as well as term repo auctions
b) Progressively, the Reserve Bank has increased the proportion of liquidity injected under fine-tuning variable rate repo auctions of tenors ranging between overnight and 56 days.
c) The aim of term repo is to help develop the inter-bank term money market, which in turn can set market based benchmarks for pricing of loans and deposits, and hence improve transmission of monetary policy..
d) The Reserve Bank also conducts variable interest rate reverse repo auctions, as necessitated under the market conditions
e) All the above
7. Which banks are not authorised banks to accept deposits under Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016?
a) Public Sector Banks
b) Co-operative Banks
c) State Bank Group Banks
d) Banks nationalized in 1980
e) None of these
8. ACU is only a mechanism for settlement of payments between participating countries. In the abbreviation ACU, the letter A stands for what?
a) African
b) Asian (ACU : Asian Clearing Union)
c) Associated
d) Amazon
e) None
9. In its drive to promote digital payments, the central government is emphasizing on AePS. In the term AePS what does letter 'A' stand for?
a) Advance
b) Accredited
c) Associated
d)Aadhar
e) Account
10. The National Payments Corporation of India (NPCI) is an umbrella organisation for all retail payment systems in the country. It was set up in which year?
a) 2009
b) 1991
c) 1999
d) 2001
e) None of these
11. When the word "bearer" appearing on the face of a cheque is cancelled & in its place the word "or order" is written on the face of the cheque. Then thecheque is called as what?
a) Order Cheque
b) Giftcheque
c) Voucher
d) Promissory note
e) None of these
12. ______ and India Post Payments Bank (IPPB) have signed an MoU, whereby the former will provide technology platform for pilot launch of the latter.
a) SBI
b) CBI
c) PNB
d) BOI
e)BoB
13. The Union Cabinet has given its in-principle nod for listing of all the five PSU general insurance companies. Which of the following is NOT a PSU general insurer?
a) National Insurance Company Ltd.
b) New India Assurance Company Ltd.
c) Oriental Insurance Company Ltd.
d) United India Insurance Company Ltd.
e) HDFC Life
14. Only cash, deposits can be declared under the central government's PMGKY scheme. What do letters 'GKY' stands for in the term PMGKY?
a) Garib Kalyan Yojana
b) Gram Kalyan Yojana
c) Gruha Kalyan Yojana
d) Great Kalyan Yojana
e) None of these
15. The Bharatiya Reserve Bank Note MudranPvt Ltd has set a record (printed 10.9 mn currency note in a day) in currency note printing. The printing press is situated in ______
a) Dispur
b) Kohima
c) Mysuru
d) Shillong
e) Gangtok
16. The Airtel Payments Bank, the first payments bank of the country, started its nationwide operations on Jan 12, 2017 with an initial investment of _______ .
a) Rs.3000 Cr.
b) Rs.500 Cr.
c) Rs.1000 Cr.
d) Rs.600 Cr.
e) None
17. The global unemployment is expected to rise by how many millions in 2017 as per a new report by the International Labour Organisation (ILO), Geneva, Switzerland?
a) 3.4
b) 17
c) 10
d) 2
e) None of these
18. Airtel Payments Bank will be giving how much interest on savings accounts?
a) 7.25%
b) 4%
c) 3%
d) 2%
e) None of these
19. The Bureau of Indian Standards (BIS) has revised Indian Standard on gold hallmarking and hallmarked gold jewelry will now be available which of the following?
a) 14 karat
b) 18 karats
c) 22 karats
d) All the above
e) None of these
20. In India, the General Anti-Avoidance Rule (GAAR) will kick in from _______ .
a) 1.4.2017
b) 1.7.2017
c) 1.12.2017
d) 1.3.2017
e) None
21. According to growth projection released by the Central Statistics Office (CSO), agriculture, forestry and fishing sector in India is likely to show a growth of ____ during 2016-17.
a) 1.2%
b) 2.2%
c) 3.5%
d) 3.9%
e) 4.1%
22. The term "teaser rate of interest" is associated with which of the following type of loans?
a) Home loans
b) Auto loans
c) Personal loans
d) Educational loans
e) None of these
23. Primary Sector is directly dependent on environment formanufacture & production. Which of the following is an example?
a) Agriculture
b) Mining
c) Farming
d) All the above
e) Industries
24. Secondary Sector adds value to the produce by transformingraw materials into valuable products. Which of the following is an example?
a) Processing& construction industries
b) Cultivation
c) Fishing
d) Cattle growing
e) None of these
25. Tertiary Sector is involved in production & exchange of services. For example, transportation, communication, & other services of such kind. Tertiary Sector is also known as what?
a) Services Sector(as it facilitates the production & exchanges of services.
b) Secondary Sector
c) Primary Sector
d) Agriculture Sector
e) None of these
26. Mobile Money Identifier (MMID) number issued by banks has how many digits?
a) 12
b) 7
c) 4
d) 8
e) None of these
27. Unified Payments Interface (UPI) caters to which of the following?
a) It caters to the "Peerto Peer" collect request which can be scheduled & paid as perrequirement & convenience.
b) Government to Government only
c) Business to Business only
d) Commerce to Commerce only
e) None of these
28. The minimum paid-up equity capitalfor small finance banks shall be how many crores?
a) Rs.100 Crores
b) Rs.500 Crores
c) Rs.600 Crores
d) Rs. 800 Crores
e) None of these
29. Payments bank will initiallybe restricted to holding a maximum balance of how much per individual customer?
a) Rs.5,000/-
b) Rs.1,00,000/-
c) Rs.1,000/-
d) Rs.2,000/-
e) None
30. Recommendations of John Hilton Young Commission 1926 are called as what?
a) Recommendations of Royal Commission on Indian Currency & Finance
b) Banking reforms
c) Insurance sector reforms
d) Pension sector reforms
e) None of these
31. Interest earned on savings bank accounts is not subject to Tax Deduction at Source. However, this does not mean the interest earned on Savings accounts is completely tax free. It is exempt up to how much in a year?
a) Rs.5,000/-
b) Rs.10,000/-
c) Rs.4,000/-
d) Rs.2,000/-
e) None of these
32. A crossedcheque cannot be encashed at the cash counter of a bank butit can only be credited to the _______ .
a) Payee's account
b) Government account
c) Banker's account
d) RBI account
e) None of these
