1. Which of the following is not a subsidiary of RBI?
a) Deposit Insurance and Credit Guarantee Corporation (DICGC)
b) National Housing Bank(NHB)
c) Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL)
d) National Bank for Agriculture and Rural Development (NABARD)
e) Industrial development Bank of India (IDBI)
2. Promissory Notes/Bills of Exchange and Cheques are defined as:
a) Trust Receipts
b) Judicial documents
c) Negotiable instruments
d) Documents of title to goods
e) Not Negotiable Instruments
3. Name the overnight credit facility provided by RBI to commercial banks.
a) Marginal Standing Facility (MSF)
b) Repo rate
c) Reverse repo
d) Bank rate
e) Base Rate
4. The International Organization of Securities Commissions (IOSCO) is the international body that brings together the world's securities regulators and is recognized as the global standard setter for the securities sector. The Headquarters of IOSCO located in:
a) Rome, Italy
b) Madrid, Spain
c) Geneva, Switzerland
d) Bern, Switzerland
e) Paris, France
5. Which one of the following crossings is not defined in the Negotiable Instruments Act 1881?
a) Account payee crossing
b) Not negotiable
c) General crossing
d) Special crossing
e) None of the above
6. Banks can create assignment on:
a) Book Debts
b) Stocks
c) Land & Building
d) Deposits
e) Immovable
7. Treasury Bills are issued by:
a) RBI
b) State Government
c) Government of India
d) SEBI
e) NABARD
8. A Bank on whom a cheque is drawn by the customer is:
a) Collecting bank
b) Paying bank
c) Advising bank
d) Issuing bank
e) Conforming bank
9. Sukanya Samriddhi Account can be opened up to age of _____years only from the date of birth.
a) Five years
b) Four years
c) Six years
d) Eight years
e) Ten years
10. Short term crop loan treated as NPA if it remains unrecovered for:
a) One Crop Season
b) Two Crop Seasons
c) One Crop Season + 90 days
d) Existing NPA norms that are applicable for Term Loans
e) None
11. "Yogakshemam Vahamyaham" is slogan of:
a) REC
b) LIC
c) Bachat Lamp Yojana
d) Midday Meal Scheme
e) MUDRA Scheme
12. Banks can extend Education loans to the students to pursue studies in India and Abroad with a maximum amount of:
a) Rs. 5 & 10 lakhs
b) Rs. 10 & 20 lakhs
c) There is no cap on maximum amount
d) 80% of education cost without any cap on maximum loan
e) None of the above
13. Normally a minor attains majority on completion of 18 years of age. However if the guardian is appointed by the court the minor attains majority on completion of:
a) 21 years
b) 18 years
c) 15 years
d) 17 years
e) 20 years
14. At present, Banks are required to maintain SLR at:
a) 20.00%
b)19.50%
c) 24.50%
d) 25.00%
e) None
15. Nominee obtains payment in the capacity of:
a) Owner
b) Beneficiary
c) Agent
d) Trustee
e) None
16. What is the Upper limit for investment in Kisan Vikas Patra (KVP)?
a) Rs. 5000
b) Rs. 10,000
c) Rs. 50,000
d) Rs. 1,50,000
e) No upper limit
17. Cardinal principles of lending are:
a) Safety
b) Liquidity
c) Profitability and Diversification of risks
d) Purpose and Security
e) All the above
18. Which of the following is not a banking related term?
a) Mortgage Loan
b) Margin Amount
c) Letter of Guarantee
d) Benchmark Prime Lending Rate
e) None of the above
19. A type of short-term loan, typically taken out for a period of 2 weeks to 3 years pending the arrangement of larger or longer-term financing is called:
a) Cash Credit
b) Term Loan
c) Bridge Loan
d) Letter of Credit
e) Hand Loan
20. Placement, Layering and Integration are the three stages used to bring the money from illegal source to convert it into white money through banks is called:
a) Black Money Transaction
b) Money Transfer
c) Hot Money Transaction
d) Money Laundering
e) Hawala Transactions
21. What does WPI stands for?
a) Wholesale Price Index
b) Wholesale Price India
c) Wholesale Price Indicator
d) Wholesale Price Industry
e) World Price Indicator
22. In banking parlance CDR stands for:
a) Central Depository Receipt
b) Corporate Debt Restructuring
c) Company Debt Restructuring
d) Commercial Debt Restructuring
e) None of the above
23. Ajay Vipin Nanavati is the Chairman of:
a) Andhra Bank
b) Bank of Baroda
c) Syndicate Bank
d) Dena Bank
e) HDFC Bank
24. Which Bank has tied up with Samsung to enable its credit card holders use the tap and pay option at merchant outlets?
a) ICICI Bank
b) YES Bank
c) South Indian Bank
d) State Bank of India
e) Axis Bank
25. Banks obtain photograph at the time of opening of the account with a view to:
a) Avoid benami accounts
b) Verify the identity of the customer
c) Verify with police records
d) a and b
e) a, b and c
26. Which Organization has framed codes which are aimed at protecting microfinance borrowers from over indebtedness and safeguard their interests?
a) MFIN
b) FINO
c) BCSBI
d) NABARD
e) None of the above
27. In respect of risk management in Banks what does the term CRAR stands for?
a) Capital to Risk Weighted Asset Ratio
b) Corporate Risk Weighted Assets Ratio
c) Competent Risk Weights Assessment Rating
d) Compulsory Risk Weights Assessment Ratio
e) None of the above
28. Banks are required to submit CTR (Cash Transaction Report) to ____ within ___ of succeeding month.
a) FIU, 30 days
b) FIU, 15 days
c) FIU, 7 days
d) RBI, 7 days
e) RBI, 15 days
29. Which of the following statements are incorrect regarding National Payments Corporation of India (NPCI)?
a) It is an umbrella organization for all retail payments system in India
b) It was incorporated in December 2008
c) The Certificate of Commencement of Business was issued in April 2009
d) The aim of NPCI is to operate for the benefit of all the member banks and their customers.
e) None of the above
30. A customer is entitled to issuance of a duplicate DD in place of the lost one, provided:
a) He gives due intimation to the issuing branch
b) Payment of DD not already made by the drawee branch
c) Execution of an indemnity signed by both the payee and the purchaser of the DD
d) Payment of a fee as applicable for issue of such duplicate DD
e) All the above
31. An ______ is a temporary pass through account held by a third party during the process of a transaction between two parties.
a) Company Account
b) Current Account
c) Escrow Account
d) Deposit Account
e) Nostro Account
32. Term loans mean Loans:
a) Repayable beyond one year
b) Repayments are done in installments
c) Term loans are utilized for acquisition of fixed assets
d) Only a & b are correct
e) a, b and c
33. What does FII stands for?
a) Foreign Institutional Investor
b) France Institutional Investor
c) Forestry Innovation Investment
d) Foreign Indirect Investment
e) Forex Institutional Investor
34. DICGC stands for Deposit Insurance Corporation of India. What is the Premium payable on deposit for every Rs. 100 per annum?
a) 10 paise
b) 5 paise
c) 25 paise
d) 50 paise
e) None of the above
35. A portion of the Net Demand & Time Liabilities (NDTL) to be maintained in the form of Cash Gold or Approved Securities with the concerned bank is known as:
a) SLR
b) CRR
c) Term Deposit Rate
d) Call Money
e) Repo
36. Who is not eligible to convert general crossing to special crossing?
a) Holder
b) Drawer
c) Payee
d) a & b
e) None of the above
37. 'WON' is the currency of:
a) Indonesia
b) Tunisian
c) North Korea
d) South Africa
e) Israel
38. ____ data can be used to evaluate the performance of the country in international economic competition which includes payments for the country's exports and imports of goods, services, financial capital, and financial transfers.
a) Import Export Balance
b) Balance of Payment
c) Balance of Trade
d) Balance sheet payments
e) None of the above
39. Which the following offers the highest return on investments?
a) ELSS - Equity Linked Saving Scheme
b) ULIP - Unit Linked Insurance Plan
c) LIC-Life Insurance Corporation
d) PPF - Public Provident Fund
e) NPS - National Pension Scheme
40. A right to keep possession of documents/goods belonging to another person until a debt owed by that person is discharged is called as:
a) Lien b) Mortgage
c) Pledge d) Bailee
e) Hypothecation
a) Deposit Insurance and Credit Guarantee Corporation (DICGC)
b) National Housing Bank(NHB)
c) Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL)
d) National Bank for Agriculture and Rural Development (NABARD)
e) Industrial development Bank of India (IDBI)
2. Promissory Notes/Bills of Exchange and Cheques are defined as:
a) Trust Receipts
b) Judicial documents
c) Negotiable instruments
d) Documents of title to goods
e) Not Negotiable Instruments
3. Name the overnight credit facility provided by RBI to commercial banks.
a) Marginal Standing Facility (MSF)
b) Repo rate
c) Reverse repo
d) Bank rate
e) Base Rate
4. The International Organization of Securities Commissions (IOSCO) is the international body that brings together the world's securities regulators and is recognized as the global standard setter for the securities sector. The Headquarters of IOSCO located in:
a) Rome, Italy
b) Madrid, Spain
c) Geneva, Switzerland
d) Bern, Switzerland
e) Paris, France
5. Which one of the following crossings is not defined in the Negotiable Instruments Act 1881?
a) Account payee crossing
b) Not negotiable
c) General crossing
d) Special crossing
e) None of the above
6. Banks can create assignment on:
a) Book Debts
b) Stocks
c) Land & Building
d) Deposits
e) Immovable
7. Treasury Bills are issued by:
a) RBI
b) State Government
c) Government of India
d) SEBI
e) NABARD
8. A Bank on whom a cheque is drawn by the customer is:
a) Collecting bank
b) Paying bank
c) Advising bank
d) Issuing bank
e) Conforming bank
9. Sukanya Samriddhi Account can be opened up to age of _____years only from the date of birth.
a) Five years
b) Four years
c) Six years
d) Eight years
e) Ten years
10. Short term crop loan treated as NPA if it remains unrecovered for:
a) One Crop Season
b) Two Crop Seasons
c) One Crop Season + 90 days
d) Existing NPA norms that are applicable for Term Loans
e) None
11. "Yogakshemam Vahamyaham" is slogan of:
a) REC
b) LIC
c) Bachat Lamp Yojana
d) Midday Meal Scheme
e) MUDRA Scheme
12. Banks can extend Education loans to the students to pursue studies in India and Abroad with a maximum amount of:
a) Rs. 5 & 10 lakhs
b) Rs. 10 & 20 lakhs
c) There is no cap on maximum amount
d) 80% of education cost without any cap on maximum loan
e) None of the above
13. Normally a minor attains majority on completion of 18 years of age. However if the guardian is appointed by the court the minor attains majority on completion of:
a) 21 years
b) 18 years
c) 15 years
d) 17 years
e) 20 years
14. At present, Banks are required to maintain SLR at:
a) 20.00%
b)19.50%
c) 24.50%
d) 25.00%
e) None
15. Nominee obtains payment in the capacity of:
a) Owner
b) Beneficiary
c) Agent
d) Trustee
e) None
16. What is the Upper limit for investment in Kisan Vikas Patra (KVP)?
a) Rs. 5000
b) Rs. 10,000
c) Rs. 50,000
d) Rs. 1,50,000
e) No upper limit
17. Cardinal principles of lending are:
a) Safety
b) Liquidity
c) Profitability and Diversification of risks
d) Purpose and Security
e) All the above
18. Which of the following is not a banking related term?
a) Mortgage Loan
b) Margin Amount
c) Letter of Guarantee
d) Benchmark Prime Lending Rate
e) None of the above
19. A type of short-term loan, typically taken out for a period of 2 weeks to 3 years pending the arrangement of larger or longer-term financing is called:
a) Cash Credit
b) Term Loan
c) Bridge Loan
d) Letter of Credit
e) Hand Loan
20. Placement, Layering and Integration are the three stages used to bring the money from illegal source to convert it into white money through banks is called:
a) Black Money Transaction
b) Money Transfer
c) Hot Money Transaction
d) Money Laundering
e) Hawala Transactions
21. What does WPI stands for?
a) Wholesale Price Index
b) Wholesale Price India
c) Wholesale Price Indicator
d) Wholesale Price Industry
e) World Price Indicator
22. In banking parlance CDR stands for:
a) Central Depository Receipt
b) Corporate Debt Restructuring
c) Company Debt Restructuring
d) Commercial Debt Restructuring
e) None of the above
23. Ajay Vipin Nanavati is the Chairman of:
a) Andhra Bank
b) Bank of Baroda
c) Syndicate Bank
d) Dena Bank
e) HDFC Bank
24. Which Bank has tied up with Samsung to enable its credit card holders use the tap and pay option at merchant outlets?
a) ICICI Bank
b) YES Bank
c) South Indian Bank
d) State Bank of India
e) Axis Bank
25. Banks obtain photograph at the time of opening of the account with a view to:
a) Avoid benami accounts
b) Verify the identity of the customer
c) Verify with police records
d) a and b
e) a, b and c
26. Which Organization has framed codes which are aimed at protecting microfinance borrowers from over indebtedness and safeguard their interests?
a) MFIN
b) FINO
c) BCSBI
d) NABARD
e) None of the above
27. In respect of risk management in Banks what does the term CRAR stands for?
a) Capital to Risk Weighted Asset Ratio
b) Corporate Risk Weighted Assets Ratio
c) Competent Risk Weights Assessment Rating
d) Compulsory Risk Weights Assessment Ratio
e) None of the above
28. Banks are required to submit CTR (Cash Transaction Report) to ____ within ___ of succeeding month.
a) FIU, 30 days
b) FIU, 15 days
c) FIU, 7 days
d) RBI, 7 days
e) RBI, 15 days
29. Which of the following statements are incorrect regarding National Payments Corporation of India (NPCI)?
a) It is an umbrella organization for all retail payments system in India
b) It was incorporated in December 2008
c) The Certificate of Commencement of Business was issued in April 2009
d) The aim of NPCI is to operate for the benefit of all the member banks and their customers.
e) None of the above
30. A customer is entitled to issuance of a duplicate DD in place of the lost one, provided:
a) He gives due intimation to the issuing branch
b) Payment of DD not already made by the drawee branch
c) Execution of an indemnity signed by both the payee and the purchaser of the DD
d) Payment of a fee as applicable for issue of such duplicate DD
e) All the above
31. An ______ is a temporary pass through account held by a third party during the process of a transaction between two parties.
a) Company Account
b) Current Account
c) Escrow Account
d) Deposit Account
e) Nostro Account
32. Term loans mean Loans:
a) Repayable beyond one year
b) Repayments are done in installments
c) Term loans are utilized for acquisition of fixed assets
d) Only a & b are correct
e) a, b and c
33. What does FII stands for?
a) Foreign Institutional Investor
b) France Institutional Investor
c) Forestry Innovation Investment
d) Foreign Indirect Investment
e) Forex Institutional Investor
34. DICGC stands for Deposit Insurance Corporation of India. What is the Premium payable on deposit for every Rs. 100 per annum?
a) 10 paise
b) 5 paise
c) 25 paise
d) 50 paise
e) None of the above
35. A portion of the Net Demand & Time Liabilities (NDTL) to be maintained in the form of Cash Gold or Approved Securities with the concerned bank is known as:
a) SLR
b) CRR
c) Term Deposit Rate
d) Call Money
e) Repo
36. Who is not eligible to convert general crossing to special crossing?
a) Holder
b) Drawer
c) Payee
d) a & b
e) None of the above
37. 'WON' is the currency of:
a) Indonesia
b) Tunisian
c) North Korea
d) South Africa
e) Israel
38. ____ data can be used to evaluate the performance of the country in international economic competition which includes payments for the country's exports and imports of goods, services, financial capital, and financial transfers.
a) Import Export Balance
b) Balance of Payment
c) Balance of Trade
d) Balance sheet payments
e) None of the above
39. Which the following offers the highest return on investments?
a) ELSS - Equity Linked Saving Scheme
b) ULIP - Unit Linked Insurance Plan
c) LIC-Life Insurance Corporation
d) PPF - Public Provident Fund
e) NPS - National Pension Scheme
40. A right to keep possession of documents/goods belonging to another person until a debt owed by that person is discharged is called as:
a) Lien b) Mortgage
c) Pledge d) Bailee
e) Hypothecation
