1. The Mutilated Notes are:
a) Notes which are in pieces and/or of which the essential portions are missing
b) Any bank note, which is wholly or partially, obliterated, shrunk
c) Notes which are washed, altered or indecipherable
d) Notes which are wholly or partially,obliterated, shrunk, washed, altered or indecipherable
e) None of these
2. The Banking Ombudsman Scheme is introduced under ION 35A of:
a) Banking Regulation Act, 1949
b) RBI Act 1934
c) Negotiable Instruments Act 1881
d) Companies Act 1956 (Amended in 2013)
e) None of the above
3. Which of the following categories fall under priority sector?
a) Micro, Small and Medium Enterprises
b) Education
c) Housing
d) Agriculture
e) All the above
4. For individual households, the loan limit is for renewable energy under priority sector ____ per borrower.
a) Rs. 5 lakh
b) Rs. 10 lakh
c) Rs. 15 lakh
d) Rs. 20 lakh
e) None of these
5. Which of the following banks first time introduce the merchant banking in India is:
a) Imperial Bank of India
b) Grindlays Bank
c) United Bank
d) London Bank
e) None of These
6. Difference between purchase and sale price of currency is called:
a) Dealer's spread
b) Margin
c) Exchange commission
d) Arbitrage
e) None of these
7. A saving bank account becomes in-operative when it is not operated for:
a) 6 months
b) 12 months
c) 2 years
d) 3 years
e) None of these
8. As per MSMED Act 2006, what is the maximum amount of finance that can be provided to Service Sector for Medium Enterprise whose investment in equipment does not exceed:
a) Rs. 8 crore
b) Rs. 3 crore
c) Rs. 7 crore
d) Rs. 5 crore
e) None of these
9. PAN card issued by the income tax department cannot be used for which of the following purpose?
a) Proof of identity
b) Proof of a registered tax payer
c) Proof of address
d) Proof of date of birth
e) None of the given options is true
10. In which stage, illegitimate money comes back to the mainstream of economy as legitimate
money?
a) Placement
b) Layering
c) Integration
d) Either a or b
e) None of the above
11. The term "hyper-inflation" is used to denote:
a) A situation with moderate rise in price level
b) An inflationary situation where the external forces are the primary contributing factors
c) A "runway" or "galloping" inflationary situation where the monetary unit becomes almost worthless
d) A situation where the cost of living index is rising alarmingly
e) None of the above
12. Hot money" means?
a) Money earned through illegal transactions
b) Money earned through speculative transactions
c) Money used to hoard scarce commodities
d) Capital which is frequently transferred between financial institutions in an attempt to maximize interest or capital gain
e) None of the above
13. A signed undertaking from one party containing a promise to pay a stated sum to a specified person or a company is known as:
a) Power of Attorney
b) Promissory note
c) Purchasing Power Parity
d) Plastic notes
e) None of the given options is true
14. For declaring dividend, banks should have a Capital to Risk Weighted Assets (CRAR) of at least ___ % for the preceding 2 years, and net NPA of less than_____%
a) 11, 3
b) 9, 7
c) 10, 5
d) 9, 5
e) 7, 6
15. A Special Economic Zone (SEZ) is an area in which business and trade laws are different from rest of the country. SEZs are located within a country's national borders, and their aims include:
a) Increased trade
b) Increased investment
c) Job creation
d) Effective administration.
e) All the above
16. What is the upper limit for investment in Public Provident Fund in a financial year?
a) Rs. 50,000
b) Rs. 75,000
c) Rs. 1,00,000
d) Rs. 1,25,000
e) Rs. 1,50,000
17. Name from among the following services where there is a direct execution of transaction between a bank and its customers?
a) Retail Banking
b) Universal Banking
c) Virtual Banking
d) Unit Banking
e) None of the given options is true
18. Which of the following Organisations will offer guarantee to the Loans granted by a bank to an exporter popularly known as 'Export credit' ?
a) EXIM Bank
b) Ministry of International Trade, GOA
c) ECGC
d) DICGC
e) None of the given options is true
19. In the abbreviation FRBM Act, the letter F stand for:
a) Finance
b) Fiscal
c) First
d) Financial
e) Final
20. In case of credit card the Banking Ombudsman who can be approached is the one in whose jurisdiction?
a) The complainant resides permanently
b) The complainant applied for the credit card
c) The billing address of the customer is located
d) Office address of the complainant
e) None of the above
21. The BCSBI is set up for the following purpose:
a) Controller of customer service
b) Supervisor of systemic deficiencies
c) frame and oversee implementation of code of commitment by banks
d) To hear the grievances of customers
e) None
22. Which of the following is not a Credit Rating Agency?
a) CRISIL
b) ICRA
c) SMERA
d) CARE
e) CIBIL
23. NDTL stands for Net Demand and Time Liabilities. Which of the following Liabilities are not to be included for NDTL computation while maintaining Cash Reserve Ratio (CRR)?
a) Net income tax provision;
b) Amount received from DICGC towards claims and held by banks pending adjustments thereof
c) Amount received from ECGC by invoking the guarantee
d) Amount received from insurance company on ad-hoc settlement of claims pending judgement of the Court
e) All the above
24. New and re-issuable notes are stored in ______ maintained by banks as Agents of RBI.
a) Safe custody of each branch
b) Currency Chest of concerned branch
c) Concerned Regional Office of the bank
d) Either a or b
e) None of the above
25. Which of the following full form is incorrect?
a) SLR-Statutory Liquidity Ratio
b) DRI - Direct Rate of Interest
c) SCC - Selective Credit Control
d) OMO-Open Market Operations
e) INFINET - Indian Financial Network
26. LIBOR- Stands for:
a) Legal Inter Bank Offered Rate
b) Lowest Inter Bank Offered Rate
c) London Inter Bank Offered Rate
d) Lowest International Bank Offered Rate
e) Local Inter Bank Offered Rate
27. As per SEBI guidelines, share can be issued under Fixed Price Mechanisam or Book Book Building process. In respect of Book Building process the cap in the price band is:
a) should be at least 10 per cent of the floor price
b) Should not be more than 20 per cent of the floor price
c) Should not be more than 25 per cent of the floor price
d) Should not be more than 22 per cent of the floor price
e) Should not be more than 30 per cent of the floor price
28. Retail investors typically trade in much smaller amounts than institutional investors such as mutual funds, pensions, or university endowments. Retail individual investor means an investor who applies or bids:
a) For securities of or for a value of not more than Rs.1,00,000
b) For securities of face value of not more than Rs.1,00,000
c) For securities whose value is not more than Rs. 50,000
d) For securities worth Rs. 1,00,000 b ut less than Rs. 2,00,000
e) For Securities whose value is not more than Rs. 25,000
29. Net Asset Value (NAV) is required to be disclosed by the mutual funds on a _______ basis.
a) Daily
b) Weekly
c) Depending on the type of scheme
d) Monthly
e) Quarterly
30. In a bank guarantee, the number of parties involved in the agreement are:
a) Three
b) Two
c) Four
d) one
e) No such restriction
31. Hybrid deposit means?
a) Combination of SB and Current Account
b) Combination of Demand and fixed deposit
c) It can be opened by both NRI as well as foreign national
d) It can be opened jointly by NRI with a close relative
e) None of the abvoe
32. A NRE account can be opened by:
a) Foreign nationals only
b) Foreign Institutional investors only
c) NRI as well as foreign national
d) Jointly by NRI with a close relative
e) None of the above
33. Right to adjust the credit balance in deposit account with debit balance in loan account by banks is called:
a) Right of appropriation
b) Right to balance
c) Right of Set-off
d) Right of adjustment
e) Right to demand
a) Notes which are in pieces and/or of which the essential portions are missing
b) Any bank note, which is wholly or partially, obliterated, shrunk
c) Notes which are washed, altered or indecipherable
d) Notes which are wholly or partially,obliterated, shrunk, washed, altered or indecipherable
e) None of these
2. The Banking Ombudsman Scheme is introduced under ION 35A of:
a) Banking Regulation Act, 1949
b) RBI Act 1934
c) Negotiable Instruments Act 1881
d) Companies Act 1956 (Amended in 2013)
e) None of the above
3. Which of the following categories fall under priority sector?
a) Micro, Small and Medium Enterprises
b) Education
c) Housing
d) Agriculture
e) All the above
4. For individual households, the loan limit is for renewable energy under priority sector ____ per borrower.
a) Rs. 5 lakh
b) Rs. 10 lakh
c) Rs. 15 lakh
d) Rs. 20 lakh
e) None of these
5. Which of the following banks first time introduce the merchant banking in India is:
a) Imperial Bank of India
b) Grindlays Bank
c) United Bank
d) London Bank
e) None of These
6. Difference between purchase and sale price of currency is called:
a) Dealer's spread
b) Margin
c) Exchange commission
d) Arbitrage
e) None of these
7. A saving bank account becomes in-operative when it is not operated for:
a) 6 months
b) 12 months
c) 2 years
d) 3 years
e) None of these
8. As per MSMED Act 2006, what is the maximum amount of finance that can be provided to Service Sector for Medium Enterprise whose investment in equipment does not exceed:
a) Rs. 8 crore
b) Rs. 3 crore
c) Rs. 7 crore
d) Rs. 5 crore
e) None of these
9. PAN card issued by the income tax department cannot be used for which of the following purpose?
a) Proof of identity
b) Proof of a registered tax payer
c) Proof of address
d) Proof of date of birth
e) None of the given options is true
10. In which stage, illegitimate money comes back to the mainstream of economy as legitimate
money?
a) Placement
b) Layering
c) Integration
d) Either a or b
e) None of the above
11. The term "hyper-inflation" is used to denote:
a) A situation with moderate rise in price level
b) An inflationary situation where the external forces are the primary contributing factors
c) A "runway" or "galloping" inflationary situation where the monetary unit becomes almost worthless
d) A situation where the cost of living index is rising alarmingly
e) None of the above
12. Hot money" means?
a) Money earned through illegal transactions
b) Money earned through speculative transactions
c) Money used to hoard scarce commodities
d) Capital which is frequently transferred between financial institutions in an attempt to maximize interest or capital gain
e) None of the above
13. A signed undertaking from one party containing a promise to pay a stated sum to a specified person or a company is known as:
a) Power of Attorney
b) Promissory note
c) Purchasing Power Parity
d) Plastic notes
e) None of the given options is true
14. For declaring dividend, banks should have a Capital to Risk Weighted Assets (CRAR) of at least ___ % for the preceding 2 years, and net NPA of less than_____%
a) 11, 3
b) 9, 7
c) 10, 5
d) 9, 5
e) 7, 6
15. A Special Economic Zone (SEZ) is an area in which business and trade laws are different from rest of the country. SEZs are located within a country's national borders, and their aims include:
a) Increased trade
b) Increased investment
c) Job creation
d) Effective administration.
e) All the above
16. What is the upper limit for investment in Public Provident Fund in a financial year?
a) Rs. 50,000
b) Rs. 75,000
c) Rs. 1,00,000
d) Rs. 1,25,000
e) Rs. 1,50,000
17. Name from among the following services where there is a direct execution of transaction between a bank and its customers?
a) Retail Banking
b) Universal Banking
c) Virtual Banking
d) Unit Banking
e) None of the given options is true
18. Which of the following Organisations will offer guarantee to the Loans granted by a bank to an exporter popularly known as 'Export credit' ?
a) EXIM Bank
b) Ministry of International Trade, GOA
c) ECGC
d) DICGC
e) None of the given options is true
19. In the abbreviation FRBM Act, the letter F stand for:
a) Finance
b) Fiscal
c) First
d) Financial
e) Final
20. In case of credit card the Banking Ombudsman who can be approached is the one in whose jurisdiction?
a) The complainant resides permanently
b) The complainant applied for the credit card
c) The billing address of the customer is located
d) Office address of the complainant
e) None of the above
21. The BCSBI is set up for the following purpose:
a) Controller of customer service
b) Supervisor of systemic deficiencies
c) frame and oversee implementation of code of commitment by banks
d) To hear the grievances of customers
e) None
22. Which of the following is not a Credit Rating Agency?
a) CRISIL
b) ICRA
c) SMERA
d) CARE
e) CIBIL
23. NDTL stands for Net Demand and Time Liabilities. Which of the following Liabilities are not to be included for NDTL computation while maintaining Cash Reserve Ratio (CRR)?
a) Net income tax provision;
b) Amount received from DICGC towards claims and held by banks pending adjustments thereof
c) Amount received from ECGC by invoking the guarantee
d) Amount received from insurance company on ad-hoc settlement of claims pending judgement of the Court
e) All the above
24. New and re-issuable notes are stored in ______ maintained by banks as Agents of RBI.
a) Safe custody of each branch
b) Currency Chest of concerned branch
c) Concerned Regional Office of the bank
d) Either a or b
e) None of the above
25. Which of the following full form is incorrect?
a) SLR-Statutory Liquidity Ratio
b) DRI - Direct Rate of Interest
c) SCC - Selective Credit Control
d) OMO-Open Market Operations
e) INFINET - Indian Financial Network
26. LIBOR- Stands for:
a) Legal Inter Bank Offered Rate
b) Lowest Inter Bank Offered Rate
c) London Inter Bank Offered Rate
d) Lowest International Bank Offered Rate
e) Local Inter Bank Offered Rate
27. As per SEBI guidelines, share can be issued under Fixed Price Mechanisam or Book Book Building process. In respect of Book Building process the cap in the price band is:
a) should be at least 10 per cent of the floor price
b) Should not be more than 20 per cent of the floor price
c) Should not be more than 25 per cent of the floor price
d) Should not be more than 22 per cent of the floor price
e) Should not be more than 30 per cent of the floor price
28. Retail investors typically trade in much smaller amounts than institutional investors such as mutual funds, pensions, or university endowments. Retail individual investor means an investor who applies or bids:
a) For securities of or for a value of not more than Rs.1,00,000
b) For securities of face value of not more than Rs.1,00,000
c) For securities whose value is not more than Rs. 50,000
d) For securities worth Rs. 1,00,000 b ut less than Rs. 2,00,000
e) For Securities whose value is not more than Rs. 25,000
29. Net Asset Value (NAV) is required to be disclosed by the mutual funds on a _______ basis.
a) Daily
b) Weekly
c) Depending on the type of scheme
d) Monthly
e) Quarterly
30. In a bank guarantee, the number of parties involved in the agreement are:
a) Three
b) Two
c) Four
d) one
e) No such restriction
31. Hybrid deposit means?
a) Combination of SB and Current Account
b) Combination of Demand and fixed deposit
c) It can be opened by both NRI as well as foreign national
d) It can be opened jointly by NRI with a close relative
e) None of the abvoe
32. A NRE account can be opened by:
a) Foreign nationals only
b) Foreign Institutional investors only
c) NRI as well as foreign national
d) Jointly by NRI with a close relative
e) None of the above
33. Right to adjust the credit balance in deposit account with debit balance in loan account by banks is called:
a) Right of appropriation
b) Right to balance
c) Right of Set-off
d) Right of adjustment
e) Right to demand
