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BANKING AWARENESS
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‘సర్‌.. నాకు ఐదు బ్యాంక్‌ అకౌంట్లు ఉన్నాయి! మంచిదేనా?’
Banking Tips: ఇవాళ రేపు అవసరానికో బ్యాంక్‌ ఖాతా తెరవాల్సి వస్తోంది. అలాగే ఒకటి కంటే ఎక్కువ బ్యాంక్‌ అకౌంట్లు కలిగి ఉంటున్నవాళ్లు చాలామందే ఉంటున్నారు. అయితే ఇలా ఎక్కువగా కలిగి ఉండడం వల్ల లాభం కంటే.. ఇబ్బందులే ఎక్కువ ఎదుర్కోవాల్సి వస్తుంది. పైగా ఖాతాదారుడికి తెలియకుండానే డబ్బును పొగొట్టుకోవాల్సి వస్తుంది. అందుకే అవసరం లేని అకౌంట్లను క్లోజ్‌ చేయడం ఉత్తమమని సూచిస్తున్నారు బ్యాంకింగ్‌ నిపుణులు. ‘మినిమమ్‌’ ట్రబుల్‌ ఎక్కువ ఖాతాలు ఉంటే.. వాటిల్లో మినిమమ్‌ బ్యాలెన్స్ మెయింటెన్‌ చేయాలి. అన్ని ఖాతాల్లో ఎంతో కొంత డబ్బును డిపాజిట్ చేయాలి. ప్రధాన బ్యాంకుల్లో అకౌంట్‌లలో(జీరో బ్యాలెన్స్ అకౌంట్లు మినహాయించి) మినిమమ్‌ బ్యాలెన్స్ మెయింటెనెన్స్‌ ఛార్జీలు వెయ్యి, మూడు, ఐదు వేలు, పది వేలు ఇలా ఉంటోంది. ఉదాహరణకు.. ఐదు బ్యాంకుల్లో ఖాతాలు ఉంటే.. పది, పాతిక, యాభై.. ఇలా వేల రూపాయల్లో డబ్బును ఖాతాల్లో ‘మినిమమ్‌ బ్యాలెన్స్’ రూపంలో ఉంచాల్సి వస్తుంది. ఇదికాకుండా ఇతర ఛార్జీల వసూలు ఉంటుంది. ఇలా ఎలా చూసినా ఇబ్బందే!. శాలరీ అకౌంట్లే ఎక్కువ! బ్యాంకులు స్టూడెంట్‌ అకౌంట్లు, శాలరీ అకౌంట్లుగా ‘జీరో బ్యాలెన్స్’ అకౌంట్లతో టార్గెట్‌లను పూర్తి చేసుకుంటాయి. ముఖ్యంగా ఉద్యోగులు కంపెనీలు మారినప్పుడు.. మరో అకౌంట్‌కు ఎక్కువగా మారిపోవాల్సి వస్తోంది. అలాంటి సందర్భాల్లో బద్ధకాన్ని వదిలి బ్యాంకులకు వెళ్లి పాత బ్యాంక్‌ ఖాతాను(అవసరం లేకుంటే) మూసివేయ‌డ‌మే మంచిది. ఎందుకంటే శాలరీ అకౌంట్లు, జీరో బ్యాలెన్స్ అకౌంట్లో చాలాకాలం డిపాజిట్ చేయకుండా ఉంటే.. సాధార‌ణ సేవింగ్స్‌ అకౌంట్‌కు మారిపోతాయి. అప్పుడు కచ్చితంగా మినిమమ్‌ బ్యాలెన్స్ మెయింటెన్‌ చేయాల్సి వస్తుంది. ఒకవేళ మెయింటెన్‌ చేయకపోతే.. సర్‌ ఛార్జీలు పడుతూనే పోతుంటాయి. ఒకానొక దశకు వచ్చేసరికి అవి వేల రూపాయల్లోకి కూడా కూడా చేరుకోవచ్చు!!. ఐటీ రిటర్న్స్‌ టైంలో.. కొన్ని అకౌంట్లు సంవత్సరాల తరబడి అలాగే ఉండిపోతాయి. బ్యాంకులు వాటిని మూసేయవు. కాకపోతే ఎక్కువ కాలం ట్రాన్‌జాక్షన్స్‌ జరగని అకౌంట్లను సాధారణంగా కొన్ని బ్యాంకులు డీయాక్టివేట్ చేస్తాయి. ఒకవేళ ఆ అకౌంట్లను తిరిగి ఉపయోగించుకోవాలనుకుంటే(యాక్టివేషన్‌ కోసం) రాత‌పూర్వకంగా రిక్వెస్ట్‌ లెటర్‌తో బ్యాంక్‌ల చుట్టూ తిరగాల్సి వస్తుంది. పైగా సేవింగ్స్‌ ఖాతాల్లో(అవసరం లేనివి, పెద్దగా ఉపయోగించని అకౌంట్లు) మినిమమ్‌ బ్యాలెన్స్‌తో ఎలాంటి రాబ‌డీ రాకపోగా, ఆదాయ ప‌న్ను రిట‌ర్నుల స‌మ‌యంలో అన్ని ఖాతాల వివ‌రాలు అందించాల్సి ఉంటుంది. అలాగే వాటి నుంచి డబ్బు సర్‌ఛార్జీల రూపంలో కట్‌ అయినప్పుడల్లా.. మరింత డిపాజిట్ జమ చేయాల్సి ఉంటుంది. ఇక కార్డుల మెయింటెనెన్స్‌, ఏటీఎం ఛార్జీలు, మొబైల్‌ అలర్టు అంటూ పడే ఛార్జీల సంగతి సరేసరి!. ఇలా చేస్తే బెటర్‌ ఒక వ్యక్తికి సగటున శాలరీ అకౌంట్‌, అవసరాలకు తగ్గట్లు పర్మినెంట్‌ అకౌంట్లు, ఉమ్మడి ఖాతాలు ఉంటే చాలు. ఉద్యోగం మారినప్పుడు వేత‌న ఖాతాలు మారుతుంటాయి. వీలుంటే ఉద్యోగం మారినా.. పర్మినెంట్‌ అకౌంట్‌నే శాలరీ అకౌంట్‌గా మార్చేసుకునే ప్రయత్నం చేయాలి. కొత్త ఖాతాకి వెళ్లినప్పుడు మాత్రం.. అవసరం లేని పాత ఖాతాల్ని మూసేయ‌డం మంచిది. ముఖ్యంగా పీఎఫ్‌ అకౌంట్ల విషయంలోనూ పాత అకౌంట్లను క్లోజ్‌ చేసి.. కొత్త అకౌంట్‌లకు షిఫ్ట్‌ చేయడం వల్ల ఒక అదనపు అకౌంట్‌ను మెయింటెన్‌ చేయాల్సిన బాధ తప్పుతుంది. ఇక ఇన్వెస్ట్‌మెంట్‌ల కోసం ప్రత్యేకంగా ఖాతాలు తీసుకోకుండా.. పర్మినెంట్‌ అకౌంట్‌నే ఉప‌యోగించాలి. బ్యాంక్‌ డిపాజిట్లపై వడ్డీలు వస్తాయన్నది తెలిసిందే. కానీ, ఖాతాదారుడు అన్ని ఖాతాల్లో ఎప్పుడూ యాక్టివ్‌గా ఉండ‌లేడుగా!. కాబట్టే.. అవసరాలకు తగ్గట్లు రెండు లేదా మూడు అకౌంట్ల కంటే ఎక్కువ కలిగి ఉండకపోవడమే మంచిదని ఆర్థిక స‌ల‌హాదారులు చెప్తున్నారు. ఐటీ రిటర్న్స్‌ ఫైల్‌ చేసేప్పుడు సింగిల్‌ సేవింగ్స్‌ బ్యాంక్‌ అకౌంట్‌ ఉంటే పని తేలిక అవుతుంది. వీటికి తోడు బ్యాంక్‌ ట్రాన్‌జాక్షన్స్‌ను ఎప్పటికప్పుడు సమీక్షించుకోవడం, పాస్‌ వర్డ్‌లను, ఇంటర్నెట్‌ బ్యాంకింగ్‌ వ్యవహారాలను తేలికగా గుర్తుపెట్టుకోవడం ఈజీగా ఉంటుంది. -
భర్తకు డెబిట్‌ కార్టు ఇస్తున్నారా? ఇది చదవండి..
బెంగళూరు : ఎవరి డెబిట్‌ కార్డులు వారు మాత్రమే వినియోగించాలన్న నిబంధన ఉన్నప్పటికీ ఆ నిబంధనను చాలా మంది పట్టించుకోవడం లేదు. కర్ణాటకలోని వినియోగదారుల ఫోరమ్‌ తీర్పు చూశాక మీ డెబిట్‌ కార్డు ఇతరులకు ఇవ్వాలంటే కచ్చితంగా ఆలోచిస్తారు. ఓ కేసుపై దీర్ఘకాల విచారణ చేపట్టిన ఫోరమ్‌ భార్య డెబిట్‌ కార్డు వినియోగించే హక్కు భర్తకు కూడా లేదని తేల్చిచెప్పింది. వివరాల్లోకి వెళ్లే మరతహళ్లికి చెందిన వందన... 2013 నవంబర్‌ 14వ తేదీన, తన ఎస్‌బీఐ డెబిట్‌ కార్డు భర్త రాజేశ్‌కు ఇచ్చి 25,000 డ్రా చేసుకు రమ్మన్నారు. దీంతో రాజేశ్‌ ఏటీఎంకు వెళ్లాడు. అక్కడ డబ్బులు రాకపోగా.. అకౌంట్లో నుంచి డబ్బులు మాత్రం కట్‌ అయ్యాయి. వెంటనే ఆ దంపతులు ఎస్‌బీఐ ఫిర్యాదు చేసినప్పటికీ లాభం లేకపోయింది. దీంతో ఆమె అక్టోబర్‌లో జిల్లా వినియోగదారుల ఫోరమ్‌ను సంప్రదించారు. ఫోరమ్‌ ఆదేశాలతో మళ్లీ ఆమె అభ్యర్థనను పరిగణలోకి తీసుకున్న ఎస్‌బీఐ సీసీటీవీ పరిశీలించి అందులో ఆమె భర్త డెబిట్‌ కార్డును వాడినట్టు తేలడంతో ఈ కేసును మూసివేస్తున్నట్టు తెలిపింది. బ్యాకింగ్‌ చట్టాల ప్రకారం ఎవరి డెబిట్‌ కార్డును వారే వినియోగించాలని పేర్కొంది. ఈ కేసులో ఇతరులకు పిన్‌ షేర్‌ చేయడాన్ని సాకుగా చూపింది ఎస్‌బీఐ. మూడున్నరేళ్లపాటు కొనసాగిన ఈ కేసులో వినియోగదారుల ఫోరం మే 29న కేసును తోసిపుచ్చుతూ తుది తీర్పు వెలువరించింది. తీర్పులో వందన తన ఏటీఎం పిన్‌ నంబర్‌ తన భర్తకు చెప్పి ఉండాల్సింది కాదని పేర్కొంది. తనకు అంతగా కావాలంటే చెక్‌ ద్వారానో మరేదైనా మార్గంలో డబ్బులు తీసుకుంటే బాగుండేదని అభిప్రాయపడింది. -
Zero coupon bonds are those..
Banks Special Banking Awareness 1. KYC norms are liberalized in case of following account: a) Current Account b) Savings Account c) Term Deposit Account d) No Frills Account e) None of the above 2. The National Social Security Fund (NSSF) helps which of the following groups of society? a) Bank employees b) Central government employees c) Workers in the unorganized sector d) Workers in the textile industry e) Women employees 3. Regional Rural Banks have been set up with the basic objective of: a) Providing credit to semi-urban and urban population b) Providing deposits facilities to farmers c) Providing credit and deposit facilities to rural areas d) Providing credit, deposit and other banking facilities to people in rural areas e) None of the above 4. Which of the following deposits do not attract TDS? a) Fixed Deposits b) Deposits Reinvestment c) Flexi Deposits d) Call Deposits e) Recurring Deposits 5. Which of the following tools is used by the RBI to control credit and monetary situations of the markets? a) RTGS b) ECS c) NEFT d) CRR e) Balance of trade 6. The Cash Reserve Ratio is to be maintained by Commercial Banks in the form of? a) Cash in hand at branches b) Balance with other banks c) Balance in a special account with RBI d) Funds in the currency chest e) All of the above 7. Regional Rural Banks are classified as? a) subsidiaries of NABARD b) subsidiaries of the sponsor banks c) scheduled commercial banks d) All of the above e) None of the above 8. Foreign exchange reserves of India are kept in the custody of which of the following? a) International Bank for Reco- nstruction and Development b) Reserve Bank of India c) State Bank of India d) International Monetary Fund e) Government Treasury 9. A Hire-purchase contract is a ________ a) Contract of bailment b) Contract of sale c) Contract of bailment followed by contract of sale d) Contract of lease followed by contract of bailment e) None of these 10. Which of the following Act defines the age of a minor? a) Section 25 of N.I. Act b) Section 33 of Contract Act c) Section 54 of Partnership Act d) Section 3 of Indian Majority Act e) None of these 11. The objective(s) of SLR is/are: a) To ensure that Banks remain solvent b) To increase volumes in Government securities. c) To regulate expansion of Credit d) All of the above e) None of these 12. What is the amount of capital that RBI is tentatively proposing to provide to the Public Sector Banks this year, to meet its capital adequacy requirement as per Basel III norms ? a) 11,200 cr b) 20,000 cr c) 12,200 cr d) 13,200 cr e) None of the above 13. Decrease of CRR & SLR has the effect of: a) Decreasing Credit creation b) Increasing Credit creation c) Increasing purchasing power of money d) All of the above e) None of the above 14. Which of the following Acts has specially been enacted to help banks deal with bad loans? a) Negotiable Instrument Act b) Banking Regulation Act c) SARFAESI Act d) Companies Act e) Offshore Banking Act 15. _____ provides Clearing House facilities for netting of payments and security delivery? a) Primary dealers b) Banks c) Stock exchanges d) All of the above e) None of these 16. Which of the following cities are tentatively selected by RBI to launch Rs 10/- plastic notes? a) Shimla b) Kochi c) Mysore d) Jaipur and Bhubaneswar e) All of the above places 17. Depositories hold shares in ______form: a) Physical b) Dematerialized c) Either a or b d) Both a and b e) None of these 18. Current Account can be opened by? a) Any Company registered under ROC Act 1956 b) Partnership Firms c) Sole Proprietor d) Any Individual or joint individual e) All of these 19. Zero coupon bonds are those ________: a) Which do not make a periodical coupon payment b) These bonds are bought for less than their face value (at a discount). c) Are mostly issued in auctions by Treasury. d) All of the above e) None of these 20. Name the first State Cooperative Bank in India which started its own 'RuPay' ATM-cum-Debit Card? a) Andhra Pradesh State Cooperative Bank in Hyderabad b) Himachal State Cooperative Bank in Shimla c) The Andaman and Nicobar State Co-operative Bank Ltd. d) The Bihar State Co-operative Bank Ltd e) Jharkhand State Co-operative Bank 21. Finance Ministry has asked all Public Sector Banks to improve their ________ portfolio to 40%? a) Fixed Deposits b) Recurring Deposits c) Flexi Deposits d) CASA Deposits e) None of the above 22. The Credit Guarantee Fund (CGTMSE) Scheme covers? a) Only term loans b) Only working capital c) Both a and b d) All Type of Fund based & Non Fund based credit facility e) None of these 23. RBI directed Banks not to levy penalty on individual borrowers for pre-payment of floating rate term loans. This term loans include? a) Housing Loan b) Vehicle Loan c) Personal Loan d) Only a &b e) All a, b and c 24. The Difference between Gross Domestic Product and Net Domestic Product is? a) Government Revenue b) Net Indirect Tax (Indirect Tax Subsidy) c) Consumption of fixed Capital d) Net Capital Formation e) None of these 25. Recently, the RBI has recognized Micro Finance Institution Network (MFIN), as the Self Regulatory organization for NBFC-MFIs. The decision was taken by RBI based on the recommendations made by which committee? a) Y H Malegam committee b) Parthasarthi Shome committee c) Chakrabharthy committee d) Khan committee e) None of these 26. Where is the headquarter of Association of South East Asian Nations (ASEAN) located? a) Jakarta b) Singapore c) Kathmandu d) Bangkok e) None of these 27. World Bank was established in the year? a) 1943 b) 1944 c) 1945 d) 1946 e) None of these 28. Through which of the following the funds to the projects aided by the World Bank and the International Monetary Fund (IMF) are distributed? a) Regional Branches of RBI b) NABARD c) Integrated Rural Development Programme d) Agriculture Corporation Refinance and Development e) Ministry of Finance 29. QFI stands for: a) Qualified Financial Investor b) Qualified Foreign Investor c) Qualitative Financial Investment d) All of the above e) None of the above 30. Which of the following is NOT a part of India's Money Market? a) Bill Market b) Call Money Market c) Banks d) Mutual Funds e) Indian Gold Council 31. Exim Bank is planning to set up a Project Development Company (PDC) in Africa along with: a) State Bank of India b) IL&FS c) African Development Bank d) Only a & b e) a, b & c 32. Department of Economic Affairs is part of which of the following Ministries? a) Ministry of Home Affairs b) Ministry of Planning c) Ministry of Finance d) Ministry of Heavy Industries & Public Enterprises e) Ministry of Rural Development 33. Which of the following is a Fixed Asset? a) Goodwill b) Land & Building c) Cash d) All of the above e) None of the above 34. What is the full form of LAF, the term used in banking world very frequently? a) Legal Adjournment Formality b) Liquid Advance & Finance c) Liquidity Adjustment Facility d) Late Arrival of Finance e) Local Advance Finance 35. Recently, which among the following banks has organized "The Banking and Economics Conclave 2014" a national level banking conclave for the first time? a) State Bank of India b) Canara Bank c) State Bank of Mysore d) Vijaya Bank e) None of these 36. Takehiko Nakao is the president of which of the following organization? a) OPEC b) African Union c) IMF d) WTO e) ADB 37. Net worth of business means: a) Equity capital b) Total asset c) Fixed asset d) Total asset - total liability e) None of the above 38. Insurance cover for bank deposits in our country is provided by? a) SBI b) Government of India c) DICGC d) GIC e) None of these 39. Who among the following can invest in capital markets in India through Portfolio Investment? 1. Non Resident Indians (NRIs) 2. Foreign Institutional Investm- ents (FIIs) 3. Persons of Indian Origins (PIO) Choose the correct answer from the option given below? a) Only 1 & 2 b) Only 2 & 3 c) Only 1 & 3 d) 1, 2 & 3 e) None of the above 40. Which of the following is NOT a Scheduled Commercial Bank? a) HDFC Bank b) Axis Bank c) IDBI Bank d) NABARD e) SBI KEY 1) d 2) c 3) d 4) e 5) d 6) c 7) c 8) b 9) c 10) d 11) d 12) b 13) b 14) c 15) c 16) e 17. b 18) e 19) d 20) b 21) d 22) d 23) e 24) d 25) a 26) a 27) b 28) d 29) b 30) e 31) e 32) c 33) b 34) c 35) a 36) e 37) d 38) c 39) d 40) d -
పదం 'బీఎస్ఆర్' ప్రస్తావిస్తుంది?
SBI Pos, Clerks Banking Awareness 1. Which of the following is NOT a banking- related term? a) SWIFT b) CAMELS c) TRIPS d) CAR e) STRIPS 2. Which of the following is not a component of bank deposits? a) Fixed deposit b) Current A/c deposit c) Recurring Deposit d) Safe deposits e) None of these 3. Which of the following taglines is NOT associated with the state Bank of India? a) Pure banking, nothing else b) The name you can bank upon c) Nation Bank on us d) Banker to every Indian e) With you all the way 4. KYC Guidelines have been issued by RBI Under the provisions of? a) Banking Regulation Act b) RBI Act c) Negotiable Instrument Act d) Prevention of Money Laundering Act e) None of these 5. In the context of banking sector, DRT is associated with? a) Recurring b) Loan recovery c) Deposit insurance d) Demand and time liabilities of banks e) None of these 6. What is meant by a Scheduled Bank? a) A Bank functioning under provisions of Banking Regulation Act, 1949 b) A Bank included in 2nd scheduled of RBI Act 1934 c) A Bank incorporated under banking companies Act, 1956 d) A Bank authorized to do Banking Functions e) None of these 7. The issue of fresh securities by an unlisted company for the first time is called? a) Exchange traded Fund b) Initial Public Offering c) Rights issue d) Follow-on Public Offering e) None of these 8. Fixed deposits are for the bank______ a) Fixed Assets b) Time liability c) Demand liability d) Current Assets e) None of these 9. Expanded form of the term CAGR? a) Calculated Annual Growth Rate b) Compounded Annual Growth Rate c) Corresponding Annual Growth Rate d) Corrected Annual Growth Rate e) Comparative Annual Growth Rate 10. With reference to a cheque which of the following is a 'Drawee Bank'? a) The Bank that collects the cheque b) The endorsee's bank c) The Payee's cheque d) The endorser's bank e) The bank upon which the cheque is drawn 11. What does letter 'A' denote in the term LAF? a) Adequacy b) Addition c) Adjustment d) Advance e) Accreditation 12. The term 'BSR' refers to? a) Banks Selling Rate b) Basic Statistical Returns c) Annual returns submitted by banks to RBI in respect of priority sector advances d) Quarterly statement of advances to agriculture e) None of the above 13. Which of the following is NOT considered a part of time and demand liabilities of the banks for the purpose of cash reserve ratio? a) Paid-up capital b) Fixed deposit c) Savings deposit d) Recurring deposit e) None of these 14. ______ Rate is Controlled by the individual Banks? a) Bank Rate b) Base Rate c) CRR d) Repo Rate e) SLR 15. What is the expanded form of ECS as used in banking sector? a) Effective Clearing System b) Electronic Confirmation System c) Electronic Clearing system d) Enabled clearing system e) None of these 16. Who becomes the first President of Administrative Tribunal of the Asian Development Bank (ADB)? a) Christine lagarde b) Pascal lamey c) Surin Pitsuwan d) Lakshmi Swaminathan e) Ashwini Chandran 17. Which of the following is NOT a mode of foreign capital inflow in India? a) No-Frill Account b) FDI c) FII d) NRI Account e) None of these 18. Truncated Cheque means? a) Shared Clearing b) Cheques presented will be processed by the depositing branch itself c) Physical movement of instruments from branch to clearing house d) Movement of electronic image instead of physical movement of instruments e) None of these 19. Which of the following assets can be mortgaged? a) Stock b) Book debts c) National Saving Certificates d) Shares e) Land and Building 20. Fiscal Policy refers to? a) Balance of Payments b) Govt. taxes, expenditure and borrowings c) Govt. borrowings from Equity Market d) Sale and purchase of securities by RBI e) None of these Key: 1. c; 2. d; 3. b; 4. a; 5. b; 6. b; 7. b; 8. b; 9. b; 10. e; 11. c; 12. b; 13. a; 14. b; 15. c; 16. d; 17. a; 18. d; 19. e; 20. b. -
బ్యాంకింగ్‌ అవేర్నెస్
1. Who is the Chairman of the committee set up to scrutinize applications for new Bank licenses? a) Usha Thorat b) Bimal Jalan c) C B Bhave d) S Damodaran e) None of the above 2. The minimum rate of interest charged by a Bank from custo-mers on the loans is? a) Base Rate b) Bank Rate c) Prime Rate d) Prime Lending Rate e) None of the above 3. Recently RBI took several steps to control Rupee depre-ciation. The effect of Rupee depreciation reflects in: a) Exports become costlier b) Imports become costlier c) Imports become cheaper d) Both (a) & (c) e) None 4. RBI has decided to allow non-residents to carry Indian currency up to a maximum of Rs. ...... beyond Immigration/ Customs desk to the Duty Free Area/ Security Hold Area in the departure hall in inter-national airports in India for meeting miscellaneous expen-ditures. a) 12,000 b) 10,000 c) 15,000 d) 20,000 e) None of the above 5. In India, Commodities Market is regulated by? a) Forward Market Commission b) Forward Market Committee c) Forward Market Corporation d) Forward Market Council e) None of the above 6. In India, Scheduled Commer-cial Banks are those Banks included? a) In the 2nd Schedule of RBI Act 1934 b) In the 2nd Schedule of BR Act 1949 c) In the 2nd Schedule of NI Act 1881 d) In the 2nd Schedule of Com-panies Act 1956 e) None of the above 7. Banks in India are governed by BR Act 1949. What does BR stands for? a) Banks Registration b) Banking Re-organization c) Banking Regulation d) Banking Rights e) None 8. What is India's Apex Tax body? a) CBDT b) GAAR c) IT Department d) RBI e) None of the above 9. What is Net Interest Income of a Bank? a) Margin of Interest earned on Trading in Govt. Securities b) Difference between the Base Interest Rate and the Average Lending Rate c) Difference between the interest (income) received on advances and interest (expen-diture) paid on deposits. d) Difference between Interest on Term Loans and Interest on Cash Credits e) None of the above 10. The Basel III guidelines would be implemented in India by––: a) March 31, 2017 b) March 31, 2019 c) March 31, 2021 d) March 31, 2016 e) March 31, 2018 11. Main functions of Money? a) Medium of Exchange b) Unit of Account c) Store of Value d) Only 'a' and 'b' of the above e) 'a', 'b' & 'c' of the above 12. For Kisan Credit Card (KCC) there should be no processing fee up to a card limit of ....... a) Rs. 4 lac b) Rs. 2 lac c) Rs. 1 lac d) Rs. 50,000 e) Rs. 3 lac 13. Mutual funds are regulated by? a) SEBI b) IRDA c) NABARD d) RBI e) MUTHOOT FINANCE 14. What is Call Money? a) Money borrowed or lent for a day or over night b) Money borrowed for more than one day but upto 3 days c) Money borrowed for more than one day but upto 7 days d) Money borrowed for more than one day but upto 14 days e) None of these 15. Which of the following banks has the highest number of bra-nches outside India? a) HDFC Bank b) ICICI Bank c) Bank of Baroda d) Indian overseas Bank e) Indian Bank 16. Maximum extent of guarantee where credit facility in CGT MSE for Micro and Small Enterprises is ...... a) 65% b) 75% c) 50% d) 85% e) 100% 17. ...... is a money market inst-rument, which enables colla-teralized short term borrowing through govt. securities: a) Reverse Repo Rate b) Repo Rate c) Bank Rate d) MSF e) Usance Bill 18. Which of the following is not a tool in the hand of RBI to control the inflationary press-ure in the country? a) Cash Reserve Ratio (CRR) b) Bank Rate c) Statutory Liquidity Ratio (SLR) d) Special Drawing Rights (SDR) e) None of these 19. Banks in India normally follow a practice of providing addi-tional interest rate on retail domestic term deposits of? a) Handicaps b) Senior citizens c) Rural people d) Married Women e) None 20. In the context of Banking System, what does productivity means? a) Productions of Services b) Quality of Customer service c) Business per employee d) All the above e) None of these 21. Which of the following is eligible for priority sector len-ding by banks in India? a) Micro and Small Enterprises b) Economicallyweaker sections c) Agriculture d) Only a and c e) All a, b and c 22. What is the minimum capital that RBI prescribed for banks to enter into Insurance Business? a) Rs. 400 cr b) Rs. 300 cr c) Rs. 200 cr d) Rs. 100 cr e) Rs. 500 cr 23. Which of the following is NOT a banking related term? a) Underwriting b) Undertaking c) Underpinning d) Outstanding e) None of the above 24. Loans of very small given to low income group is called? a) Cash Credit b) No Frill Credit c) Micro Credit d) Small Credit e) Rural Credit 25. Mahila Kisan Sashaktikaran Pariyojana, under NRLM (Na-tional Rural Livelihood Miss-ion) is targeting towards: a) Women farmers b) SHGs c) Joint Liability Groups d) Women Enterpreneurs e) None of the above 26. Increase in the Net RBI credit for central government represents? a) Revenue Deficit b) Fiscal Deficit c) Budgetary Deficit d) Monetized Deficit e) None of these 27. As per the prevailing norms, banks declare an account ino-perative if it is not used for what period? a) Six months b) One year c) Two years d) Five years e) None of these 28. Issuing of Credit Cards is a component of ? a) Rural Banking b) Micro Finance c) Retail Banking d) Corporate Banking e) None of these 29. In which circumstance Dear money policy will be adopted by RBI? a) Time deposit b) Inflation c) Treasury Bills d) All the above e) None of these 30. Which of the following rate decided by the RBI is called "Policy rate"? a) Deposit Rate b) Base Rate c) Lending Rate d) Exchange Rate e) None 31. Doha Bank has been granted license to commence banking operations in India for one of the Private Banks based in? a) Kuwait b) Iran c) Bahrain d) Qatar e) None of these 32. Which of the following is the essential feature of a genuine Currency Note? a) The issuing authority name should be printed on it b) The promise clause should be printed c) The guarantee clause should be there d) All the above e) None Key 1. b 2. a 3. b 4. b 5. a 6. a 7. c 8. a 9. c 10. e 11. e 12. e 13. a 14. a 15. c 16. d 17. b 18. d 19. b 20. c 21. e 22. e 23. c 24. c 25. a 26. d 27. c 28. c 29. b 30. b 31. d 32. d -
బ్యాంకింగ్‌ అవేర్నెస్
1. At present, Which of the following bank's (largest share-holding 82.23%) is still held by Government? a) Union Bank of India b) United Bank of India c) Uco Bank d) Punjab National Bank e) None of the above 2. The existing FDI (Foreign Direct Investment) Policy is modified recently. Important features are? a) Unlisted companies can also raise capital abroad b) No prior permission is required to raise capital abroad c) No permission is also required for subsequent listing in India d) The above provisions are allowed initially for a period of two years only. e) All the above 3. At present public sector banks are offering 4% interest on Savings Bank Deposits, whereas Bharatiya Mahila Bank is offering? a) 4.5% on all the deposits in SB portfolio. b) 4.25% on all the deposits in SB portfolio c) 2% excess interest to Mahila Senior Citizens d) 4.5% on SB balances utto Rs 1.00 lakh and 5% on balances above Rs 1.00 lakh e) All the above 4. In case of delay in providing credit under RTGS, the beneficiary bank has to pay compensation at current __ to the beneficiary customer per day? a) Repo Rate+2% b) Repo Rate c) Repo Rate + 3% d) Bank Rate e) None of the above 5. As per the provision of Companies Act 2013. What is the minimum paid up capital of a private company? a) Rs 1.00 lac b) Rs 2.00 lac c) Rs 3.00 lac d) Rs 4.00 lac e) Rs 1.00 Crore 6. In NEFT Unique transaction Reference (UTR) is a ______ character number? a) 20 b) 16 c) 26 d) 30 e) 11 7. Which of the following agencies, is empowered to frame rules specifying the period of preser-vation of records & instruments by a banking company? a) Reserve Bank of India b) Central Government c) Competent court d) Indian Banks Association e) None of the above 8. Which of the following orders, the RBI may pass when the affairs of a banking company are detrimental to the interest of public? a) To call any officer of the Bank to discuss the matter with RBI officials b) RBI may depute its officer to watch the proceedings at any meeting of the Board of Directors c) To instruct Banking company to make within specified time the changes in the manage-ment d) None of the above e) All the above 9. Which of the following state-ments is not correct in connection with interest on loans & advances? a) The bank may waives the part or full of interest charged to a borrower b) The bank has liberty to provide interest free loan to a borrower c) In case the interest charged by the bank is not inconformity with the rate prescribed by the RBI, the court may disallow such excess interest d) The bank can charge the interest below the prime lending rate e) All the above 10. Which of the following is not correct regarding selective credit control? a) Bank loans extended to speculators to hoard goods will lead to inflation b) Bank credit to consumers to raise demand for durable consumer goods will also lead to inflation c) The commodities are selected at random d) Selective credit controls are used to control inflationary pressure e) All the above 11. Which of the following guide-lines are applicable in connection with shortfall in lending to priority sector? a) An equivalent amount of shortfall under agriculture sector should be invested with RIDF b) Any shortfall in achieving sub-target under SSI sector, an equivalent amount should be invested with SIDBI c) Interest of RIDF investment is payable at 40% d) None of the aboe e) All the above 12. Which of the following is the description of a Fixed Deposit Receipt? a) It is a Negotiable Instrument b) It is a document of Title to Goods c) It is a transferable Instrument d) It is a undertaking to indemnity e) A Not Negotiable and Transferable instrument 13. In a Company, the registration of charges is required for? a) Loan against FD b) Lien on Govt. Securities c) Book Debts d) Loan against Shares e) All the above 14. KYC guidelines have been framed on the basis of four core components. Which of the follo-wing in not core component? a) Customer Acceptance Procedure b) Customer Identification Procedure c) Monitoring of Transaction d) Risk Management e) Management of Operational risk 15. In Flying Club a/c, cheque signed by the Secretary is received after his death. Whether it is payable? a) It will be paid b) It should not be dated subse-quent to date of death. c) Both a & b d) Cannot be paid e) Can be Paid at the discretion of Branch Manager 16. In Internet banking, without involving another bank, what can be done? a) FD can be issued b) Intimation regarding LC c) Issue of cheque d) Customer funds can be transferred e) None of the above 17. Payment of interest on Savings Bank accounts by Scheduled Commercial Banks (SCBs) would be calculated on a ______ with effect from April 1, 2010? a) Minimum balance between 10th and the last date b) Daily product basis c) Maximum balance between 10th and the last date d) No interest payable from 1st April 2010. e) None of the above 18. Banks print Cheque books having similar particulars. The format of Cheque is prescribed by which Act? a) N.I. Act 1881 b) It is a Practice / Customs and Usage c) Transfer of Property Act d) Sale of Goods Act e) None of the above 19. Claim payable under the CGTMSE credit guarantee scheme to a women entrepreneur whose loan amount in default is Rs. 80 lac is __ lac? a) 40 b) 50 c) 55 d) 60 e)65 20. One of the following is not a characteristic of Cash Credit? a) There will be series of disbursements and repayments b) Stock statements are to be submitted periodically c) Cheque book facility is given d) Interest is debited to the account periodically e) All the above 21. Break Even Point indicates the level of a business activity where? a) The business breaks down b) All costs are recovered. c) Projected profits are recovered d) Fixed costs are recovered e) None of the above 22. Section 42(1) of RBI Act 1934 deals with which of the following important ratios? a) Cash Reserve Ratio b) Statutory Liquidity Ratio c) Credit Deposit Ratio d) Debt Equity Ratio e) None of the above 23. IBPC stands for? a) Inter Bank Principal code b) International Bank for Petro Chemicals c) Inter Bank Participation Certificate d) Inter Bank Personal clearing e) None of the above 24. A 3 years Term Deposit Receipt was originally issued in the name A who nominated 'B'. as nominee. Subsequently, B's name was deleted and C's name was added. After one year B's name is deleted and D's name is added? a) Accept the request and act accordingly as nomination can be changed any number of times. b) Not accept the request as change of name is permitted only once. c) Accept, provided B also gives consent d) Not accept as RBI directives prohibit such a change e) Nomination can be changed only twice. 25. Financial assistance for the activity which is not considered indirect finance to agriculture is? a) Agro service centre b) Loans to Electricity Boards c) Finance to primary agricultural societies d) Bio gas e) None of these Key 1. b 2. e 3. d 4. a 5. a 6. b 7. b 8. e 9. b 10. c 11. e 12. e 13. c 14. e 15. c 16. d 17. b 18. b 19. c 20. d 21. b 22. a 23. c 24. a 25. d -
బ్యాంకింగ్‌ అవేర్నెస్
1. An account holder draws a cheque on a? a) Banker of the Payee b) Banker of the Drawee c) Banker of the Drawer d) Banker of the Endorsee e) None of the above 2. The Bank should comply and intimate the compliance of Award to Ombudsman? a) Within Two Months b) Within 3 months c) Within one month d) Within one year e) None 3. Capital adequacy is worked out based on? a) Total demand and time liabi-lities b) Net demand and time assets c) Risk weighted assets d) Risk weighted liabilities e) None of the above 4. Statutory Liquidity Ratio (SLR) can be maintained in the follow ing ways? a) Cash b) Gold c) Unencumbered approved se- curities d) All of these e) None of the above 5. What was the deposits criteria of 14 Banks nationalized on 19th July 1969? a) Rs.1000 Crore b) Rs. 500 Crore c) Rs. 100 Crore d) Rs. 50 Crore e) None of the above 6. What are the features of sele-ctive credit control? a) They distinguish between ess- ential and non-essential uses of Bank credit b) Only non-essential uses are brought under the scope of Credit Bank controls c) They effect not only the lenders but also the borrowers d) All the above e) None of the above 7. Which of the following are the targets for different categories of priority sector? a) Overall target 40% of net Bank credit b) Agriculture loans (direct and indirect) 18% c) Priority sector target for foreign Banks is 32% d) All the above e) None of the above 8. Benefits in core Banking is ? a) Reliable centralised data recovery b) Data warehousing and data mining technologies c) Integrated customer centric services d) None e) All the above 9. Cheque truncation can be done by? a) Using MICR data b) Sending cheque by speed post c) Using image processing d) a&c e) None of the above 10. Bank rate is decided by? a) Indian bank association b) Individual commercial bank c) Finance ministry d) Any one of the above can decide e) None of the above 11. What is nomination? a) A facility given to depositors by the Government b) It confers a right to the nomi-nee to receive payment of a deposit after death of de- positors c) It is a process of appointing legal heir by the depositors d) It is a part of will on behalf of a depositor e) None of the above 12. BFS- Board for Financial Supervision constituted in 1994 by RBI to undertake consoli-dated supervision of? a) Commercial Banks b) Financial Institutions c) Non Banking Finance Companies d) None of the above e) All the above 13. 'One Family one Bank' is the tagline of which Bank? a) Bank of India b) Indian Bank c) Bank of Maharastra d) Union Bank of India e) None of the above 14. Research Institutions set up by Reserve Bank of India are? a) IDRBT (Institute for Deve- lopment and Research in Ban- king Technology), Hyderabad b) IGIDR(Indira Gandhi Insti- tute of Development Resea-rch), Mumbai c) NIBM (National Institute of Bank Management), Pune d) Only a & b e) All the above 15. Who is the Chairman of the Technical Committee formed to make a study on improve- ment in Mobile Banking: a) Bimal Jalan b) Rahuram Rajan c) B Sambamurthy d) Pulak Kumar Sinha e) None of the above 16. A depositor wants to give nom-ination in favour of a Needy Charitable Trust Is it accep- table to the banker? a) Yes, any one can be a nominee b) No Only a blood relative should be a nominee c) As per the discretion of the Branch Manager d) No, as per Nomination Guide lines only Individuals can be nominated as Nominee and not institutions e) None of the above 17. Who is the Chairman of SEBI? a) UK Sinha b) TS Vijayan c) KR Kamat d) HR Khan e) None of the above 18. Which of the following is not an India based credit rating agency? a) CRISIL b) CARE c) Standard & Poor d) ICRA e) None of the above 19. Subsidiaries of RBI are? a) NABARD (National Bank for Agriculture and Rural Deve lopment) b) NHB (National Housing Bank) c) DICGC (Deposit Insurance and Credit Guarantee Corpo ration of India) d) BRBNMPL(Bharatiya Reserve Bank Note Mudran Private Limited) e) All the above 20. CRAR stands for? a) Capital Restructure Asset Ratio b) Credit Report on Agriculture Research c) Capital to Risk-weighted Assets Ratio d) Capital intensive Rural & Agriculture Research e) None of the above 21. SEBI, a regulator of Securities Market in India was established in the year 1988 but was empowered with Statutory Powers in the form of Act in the year? a) 1990 b) 1991 c) 1992 d) 1993 e) None of the above 22. Name the Premier Institution that is taking care of the financial needs of importers and exporters of our country which was established in the year 1981? a) EXPO BANK b) Export-Import Bank(EXIM) c) Merchant Bank d) ECGC e) None of the above 23. SMERA is an SME Rating Agency in India meant for? a) Rating on credit worthiness of MSME b) Rating on Quality Management c) Rating on Training System d) Rating on Technology usage in the organization e) None of the above 24. Which of the following is not insured by the DICGC? a) All Indian commercial Banks b) Foreign Banks branches functioning in India c) Local Area Banks d) Cooperative Banks e) Primary cooperative societies 25. FIPB stands for? a) Foreign Investment Permane nt Board b) Foreign Industrial Promotion Board c) Foreign Investment Promo tion Board d) Financial Investment Promo tion Board e) None of the above 26. Which of the following is not a feature of Recurring Deposit Account? a) Rate of interest will be higher than Savings Bank Account b) Loan facility is available on Recurring Deposit c) No TDS on the interest earned d) Premature closure of the Recurring Deposit Account is not allowed e) None of the above 27. Overdraft is normally allowed in which of the following deposit accounts? a) Recurring Deposit b) Fixed Deposit c) Savings deposit d) Current Deposit e) None of the above 28 Name the Chairman of the Committee formed by Govern ment, who had recommended measures to boost export from the MSME Sector? a) Raghuram Rajan b) T.S. Vijayan c) R.S. Gujral d) U.K. Sinha e) None of the above 29. CGTMSE stands for? a) Central Government Fund Trust for Medium and Small Enterprises b) Credit Guarantee Fund for Medium Size Enterprises c) Central Government Transfer Fund for Multispecialty Mic- ro Enterprises d) Credit Guarantee Fund Trust for Micro and Small Enter-prises e) None of the above 30. Person of Indian Origin means, a Foreign citizen (other than Bangladesh and Pakistan) who fulfils the following criteria? a) Held an Indian Passport at any time in the past, b) He or either of his parents or any of his Grand parents was a citizen of India, c) The Spouse of an Indian citizen or Person of Indian origin d) None of the above e) All the above 31. Which of the following is not true in case of SARFAESI Act 2002? a) Banks can take action of recovery of loan, in case of NPA, without intervention of court b) Minimum Rs 1.00 lac overdue should be in the loan account c) Sixty days notice to be given under the Act to the defaulted borrower d) SARFAESI Act can be implemented even if one installment in term loan is overdue. e) All the above 32. Foreign Currency Non-Resi- dent Account can be opened in the form of? a) Current Account b) Term Deposit only c) Recurring deposit d) Savings Deposit only e) All the above 33. Who is a very senior citizen? a) A person who is 65 years and above b) A person who is 75 years and above c) A person who is 80 years and above d) A person who is 90 years and above e) A person who completed 100 years of age Answers 1) c 2) c 3) c 4) d 5) d 6) d 7) d 8) e 9) d 10) e 11) b 12) e 13) c 14) e 15) c 16) d 17) a 18) c 19) e 20) c 21) c 22) b 23) a 24) e 25) c 26) d 27) d 28) c 29) d 30) e 31) d 32) b 33) c -
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1. Which committee recommended for privatization of Insurance industry in India? a) Narisimhan committee b) Rangarajan Committee c) Kanna committee d) Malhotra committee e) Goiporia Committee 2. The minimum amount of Paid up capital for starting Life insurance business? a) 25 cr b) 50 Cr c) 100 Cr d) 250 Cr e) 500 Cr 3. How a bank can enter Insurance sector? a) Risk Participation b) Strategic Investment c) Distribution of insurance policies as Agent d) a, b & c e) b & c. 4. Banks can invest in an insurance company 'without participation Basis' Up To ____? a) 5% of net worth or 25 crs whichever is less b) 10% of net worth or 50 crs whichever is less c) Rs 100 crs d) a,b & c e) Passed IRDA Test & license as per IRDA Rules. 5. Who is the specified person in case of Life Insurance business? a) Any person canvassing Life insurance products b) Person having minimum 3 years experience in Life insurance business c) An agent of Life insurance corporation of India d) Person has undergone IRDA training, passed IRDA test and license as per IRDA Rules & nominated by corporate as agent. e) None. 6. To make operations easier Kisan ATMs are provided with? a) Regular monitor b) Touch screen monitor c) Regular monitor with bio-metric authentication like finger print verification and voice enabled. d) Touch screen monitor with bio-metric authentication like finger print verification and voice enabled. e) None of the above 7. What are Essential Requirements for complaint to Banking Ombudsman? a) Bank has rejected a complaint b) Complainant has not received any reply within 30 days after the bank has received his representation c) He is not satisfied with the reply given. d) One year time has not elapsed from the date of cause of action e) All the above 8. The NAV of a mutual fund? a) is always constant b) Keeps going up at a steady rate c) Fluctuates with market price movements d) Cannot go down at all e) None of the above 9. Who among the following are not eligible to invest in MF? a) Indian Companies b) Banks c) Non Banking Finance Companies d) Foreign Citizens e) All the above 10. The most important link between Mutual Fund and Investors is? a) Government b) SEBI c) Fund distributors d) AMFI e) None of the above 11. If the subject matter is pending with any other court can a customer lodge complaint with Ombudsman? a) Yes b) No c) With the permission of court d) All the above e) None 12. Nomination facility in Bank is available in the following accounts:? a) Cash credit, Term loans b) Secured overdraft accounts c) Deposits, safe custody and Safe deposit locker d) Only a&b e) All the above 13. A balance sheet gives two main groups of figures, the? a) Owners' equity and shareholders' funds b) Assets and liabilities c) Profits and total finance employed d) Big and small e) None of these 14. The electronic Cheque is defined in? a) IT Act b) NI Act c) RBI Act d) BR Act e) None of these 15. Even though the cheque is a bill of exchange, it is exempted from stamp duty because:? a) It is payable on demand and hence exempted from stamp duty b) RBI has given permission for banks to exempt the cheque from stamp duty c) NI Act has exempted cheque from stamp duty d) Banking Regulation Act 1949 e) None of these 16. Crossing applies to:? a) cheques b) Bills of exchange c) Promissoy Notes d) a,b&c e) None 17. For General Crossing, two parallel transverse lines are? a) Required b) not required c) it is the option of drawer d) Branch Manager's discretion e) None of these 18. Who can cross the cheque? a) Drawer b) Payee c) Holder d) a or b or c e) None of these 19. An account payee crossing is a? a) Direction to collecting banker to collect the cheque only to the payee b) Direction to the paying banker to pay the cheque only to the payee c) Direction to both the collecting and paying banker d) Direction to the payee to take cash from any bank e) None of these 20. KYC guidelines take into accou-nt the recommendations of an int-ernational Financial Action Task Force (1) on anti money laundering standards (2)on combating fi-nancing of terrorism (3) on mani-pulation of economic indicators? a) 1 and 2 only b) 2 and 3 only c) 1 and 3 only d) 1, 2, 3 all e) None of the above 21. As per KYC guidelines, the banks cannot have correspondent arrangements with 'Shell Banks'. For this purpose, the 'Shell Bank' means? a) a bank having no existence but on paper only b) a bank incorporated outside India and having a branch in India c) a bank incorporated in a country where it has no existence and it is not regulated by a regulating authority d) a bank incorporated outside India and banned by UNO to have Operations other than in country of incorporation. e) None of the above 22 The Ministry of Rural Develop-ment, Government of India has launched National Rural Livelihood Mission (NRLM) by restructuring? a) SJSY (Swarna Jayanthi Gram Swarojgar Yojna) b) SJSRY (Swarna Jayanthi Shahari Rojgar Yojna) c) DRI (Differential Rate of Interest) d) PMGSY(Pradhan Mantri Gram Sadak Yojna) e) None of these 23. Domestic banks to deposit in RIDF with NABARD, the shortfall in respect of? a) Agriculture advances target of 18% b) Overall priority sector target of 40% c) Self Help Groups d) both a & b e) None of these 24. Foreign banks are to deposit in SEDF with SIDBI, the shortfall in respect of? a) Export advances target of 12% b) Overall priority sector target of 32% c) Micro & small enterprises target of 10% d) All the above e) None of these 25. Deposit period/interest rate for deposit with RIDF and SEDF are fixed by? a) NABARD in case of RIDF b) SIDBI in case of SEDF c) RBI in both the cases d) Ministry of Finance e) None of the above 26. What is the priority sector target for RRBs with reference to their adjusted net bank credit? a) 32% b) 40% c) 60% d) All the above e) None of the above 27. Objective of PMEGP is? (1) To generate employment opportunities in rural and urban areas through self employment ventures (2) To provide continuous employment to artisans and educated unemployed persons. (3) To arrest migration of rural youth to urban areas. a) 1, 2 and 3 all b) 1 and 2 only c) 1 and 3 only d) 2 and 3 only e) None of these 28. The SGSY aims at betterment of the rural poor by assisting properly identified families below poverty line in the rural areas .It seeks in particular to improve the lot of poorest of the poor viz? a) Rural poor with land and Landless labourer b) Educated unemployed c) Rural artisans and disabled persons d) All of these e) none of these 29. A person assisted under SGSY scheme is known as a? a) Beneficiary b) Borrower c) Swarozgari d) Loanee e) None of these 30. Funding Under SJSRY shared between Centre and States in general in the ratio of …? a) 50:50 b) 80:20 c) 75:25 d) 60:40 e) 30:20 31. Which of the following statement is true about CGTMSE? a) It is floated by SIDBI & Govt. of India b) It's coverage is restricted to Micro and Small Enterprises c) Encourage the Banks to Finance more to all those units who are not capable of offering any Collateral Securities d) All the above e) None of these 32. Foreign Exchange Means? a) It means the claims of residents of one country to the foreign currency payable abroad b) It includes all deposits, credits, balances payable in any foreign currency c) It includes Drafts, TCs, LCs and bills of exchange expressed or drawn in Indian currency and payable in foreign exchange d) It includes Drafts, TCs, LCs or bills of exchange drawn by banks, institutions or persons outside India but payable in Indian currency e) All the above Answers 1) d; 2) c; 3) d; 4) b; 5) d; 6) d; 7) e; 8) c; 9) d; 10) c; 11) b; 12) c; 13) b; 14) b; 15) b; 16) a; 17) a; 18) d; 19) a; 20) a; 21) c; 22) a; 23) d; 24) d; 25) c; 26) c; 27) a; 28) d; 29) c; 30) c; 31) d; 32) e. -
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1. What is the current MSF (Mar ginal Standing Facility) rate of RBI? a) 8.75% b) 9.00% c) 8.50% d) 9.25% e) None of the above 2. What are the charges for an Inward NEFT transaction to be paid by the Customer receiving the Funds? a) 1% of the Amount with a maximum of 250/- b) NIL c) 10% of the Amount with a maximum of 2500/- d) 10%of the Amount with a maximum of 1500/- e) None of the above 3. Wall Street is to USA what- a) Dalal Street is to India b) 10, Janpath is to India c) 7 Racecourse Road is to India d) Rajpath is to India e) None of the above 4. What is a Blue Chip in Stock Market terms? a) Share of a Company dealing in Bottled Water business b) Share of a Company dealing in Sea Food business c) Share of a Company which is Financially sound d) Share of a Company which is running losses e) None of the above 5. What is the Rate of Interest paid by RBI to Banks on their CRR Balances with RBI? a) No Interest paid b) 3.5% c) 4 % less than the Repo Rate d) 4% less than the MSF Rate e) None of the above 6. National Food Security Bill 2013 aims to provide to each eligible person at subsidized rates, a minimum of? a) 50Kgs of Food grains per month b) 10Kgs of Food grains per month c) 25Kgs of Food grains per month d) 5Kgs of Food grains per month e) None of the above 7. Indians & Indian Firms can not make investments in which of the following Countries? a) Canada b) UK c) Pakistan d) USA e) None 8. Who is the First Female Presi- dent of FICCI? She is also the First Indian Woman to graduate from Harvard Business School? a) Naina Lal Kidwai b) Chanda Kochar c) Arundhathi Bhattacharya d) Shymala Gopinath e) None of the above 9. What is India's place in Ran-kings related to Ease of Doing Business as per a Study conducted by World Bank& Inter national Finance Corporation (IFC)? a) 1st of 189 b) 174 out of 189 c) 134 out of 189 d) 154 out of 189 e) None of the above 10. What is Bridge Finance? a) Short term loan given for Bridge construction Projects b) Short term loan given pending sanction of long term Finance c) Short term loan given for bridging shortage of Food grains d) Short term loan given for bridging shortage of Edible Oils e) None of the above 11. Banks use LIBOR as base for Foreign Credit Interest Rates. What does LIBOR stand for? a) London Interbank Offered Rate b) Lloyds Interest Offered Rate c) Leadbank Interest Offered Rate d) Lowest Interest Offered Rate e) None of the above 12. European Union is an Econo mic & Political union of some European Countries. Which of the following is NOT a member of European Union? a) United Kingdom(UK) b) Russia c) Switzerland d) 'a'&'c' of the above e) 'b'&'c' of the above 13. Financial Inclusion is one of the major initiatives taken by the Govt of India with regard to spreading Banking services to the people in unbanked areas. Who headed the Com- mittee on Financial Inclusion whose recommendations were given in 2008? a) Kirit Parikh b) V K Shunglu c) Bimal Jalan d) C Rangarajan e) Kaushik Basu 14. What are the Pro-Women measures announced in the Annual Budget 2013-14? a) Setting up of 'Nirbhaya Fund' for Safety and Security of Women b) Setting up of a Committee for empowerment of Women c) Setting up of a Public Sector Women's Bank d) Setting up of a separate Fund for financing women entrepreneurs e) 'a' & 'c' of the above 15. Govt of India announced 2 new Major Ports to be constructed which will be notified under the Indian Ports Act 1908. In which States these would be set up? a) Maharashtra & Gujarat b) Tamilnadu & Orissa c) Andhra Pradesh & West Bengal d) Karnataka & Kerala e) None of the above 16. Who is the current Chairman of SEBI? a) U K Sinha b) Y V Reddy c) S Damodaran d) Bimal Jalan e) None 17. The First Land-less Free District in the Country where every Family owns a piece of Land is? a) East Godavari in Andhra Pradesh b) Ludhiana in Panjab c) Madhurai in Tamilnadu d) Kannur in Kerala e) Rohtak in Haryana 18. How many Branches the newly formed all Women Bank Bharatiya Mahila Bank proposes to have by March 31st, 2014? a) 25 b) 100 c) 1 d) 50 e) None 19. As per Company Act 2013 what is the minimum number of members required to form a Private Limited Company? a) 7 b) 2 c) 1 d) 12 e) 5 20. Who is appointed as the First Female Managing Director (MD) of LIC of India? a) Usha Sangwan b) Arundadhati Bhattacharya c) Chanda Kochar d) Naina Lal Kidwai e) None of the above 21. What is the relationship bet- ween a Bank and it's Depo-sitor? a) Agent - Principal b) Debtor - Creditor c) Trustee - Beneficiary d) Indemnifier - Indemnified e) Guarantor - Guaranteed 22. Who signs a 10/- Rupee Note? a) Finance Minister b) SBI Chairman c) RBI Governor d) Prime Minister e) None of the above 23. What is the Official Currency of Russia? a) Russian Rouble b) Russian Kopek c) Russian Dollar d) Russian Peso e) None of the above 24. When the cost of Vegetables and Food grains almost doubles in Three Months, it can be assumed that the Economy is in a state of? a) Deflation b) Inflation c) Contraction d) Stagflation e) Stable 25. Banks do not issue Cheque Books to which of the following Accounts? a) Fixed Deposit Account b) Minor Self Operated Savings Account c) Recurring Deposit Account d) 'b'&'c' of the above e) 'a','b'&'c' of the above 26. Buy now, Pay now refers to? a) Credit Card b) Debit Card c) Fixed Deposit d) 'a'&'c' of the above e) None of the above 27. Two Associate Banks, State Bank of Saurashtra & State Bank of Indore were earlier merged with SBI. At present SBI has got how many Associate Banks? a) Three b) Seven c) Five d) Four e) Six 28. Hangseng is? a) Taiwan Stock Exchange Index b) Hong Kong Stock Exchange Index c) South Korea Stock Exchange Index d) Central Bank of Hong Kong e) None of the above 29. RBI derives it's powers to Print Currency Notes from the? a) RBI(Reserve Bank of India) Act 1934 b) NI(Negotiable Instruments) Act 1881 c) BR(Banking Regulation) Act 1949 d) Coinage Act 1906 e) None of the above 30. Who has been elected as a member of (United Nations) UN Board of Auditors in the first week of November, 2013? a) Comptroller and Auditor General(C&AG) of India b) Central Board of Direct Taxes) CBDT Chairman c) RBI Governor d) Finance Secretary of India e) None of the above 31. As per Forbes' Annual list of India's 100 richest, who is the India's wealthiest person? a) Sunil Mittal of Bharti group b) Azim Premji of Wipro c) Narayana Murthy of Infosys d) Mukesh Ambani of Reliance group e) Cyrus Mistry of TATAs 32. Which State has the highest Per-capita income in India? a) Punjab b) Kerala c) Delhi d) Maharashtra e) Haryana 33. EMI (Equated Monthly Instal-ment) is used for Loan repayments. EMI consists of repayment towards? a) Principal only b) Interest & Principal only c) Interest only d) Processing Charges only e) None of the above 34. Which State tops in India in Sugar production? a) Tamilnadu b) A.P. c) Uttar Pradesh d) Punjab e) None of the above 35. What is a Crop Holiday? a) Postponing Crop sowing for a few days b) Postponing Crop Loan repayments c) Not growing Crops during a growing season d) Postponing Crop Harvesting for a few days e) None of the above 36. Committee to re-examine Prio-rity Sector Lending submitted it's report in February 2012. Who headed the Committee? a) Bimal Jalan b) V K Shunglu c) C Rangarajan d) M V Nair e) None of the above 37. Name the organization set up for operating and overseeing Retail Payment Systems in India? a) NPSI(National Payments Systems of India) b) NRPC(National Retail Pay ments Corporation) c) NPCI(National Payments Corporation of India) d) NRSI(National Retail Sys-tems of India) e) None of the above 38. What is Dhan Aadhar Card? a) First Aadhar Card under Direct Cash Transfer Scheme b) First Kisan Credit Card issued by SBI c) First ATM/Micro ATM Card with Aadhar Number issued by Bank of India d) First MSME Credit Card issued by Bank of India e) None of the above Key 1) a 2) b 3) a 4) c 5) a 6) d 7) e 8) a 9) c 10) b 11) a 12) e 13) d 14) e 15) c 16) a 17) d 18) a 19) c 20) a 21) b 22) c 23) a 24) b 25) e 26) b 27) c 28) b 29) a 30) a 31) d 32) c 33) b 34) c 35) c 36) d 37) c 38) c -
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1. “The Taste of India” is the Slogan of which popular brand in India? a) Ashirvad b) Amul c) Kohinoor Foods d) MTR Foods e) None of the above 2. NEFT(National Electronic Funds Transfer) is used for Electronic Transfer of Funds between Two Bank Accounts. Which of the following is NOT mandatory for a NEFT transaction? a) IFSC Code b) MICR Code c) Funds Recipient’s Bank Account Number d) Funds Recipient’s Bank Account Name e) Funds Recipient’s Bank & Branch details 3. What is the Currency of Spain? a) Peso b) Franc c) Kroner d) Euro e) None of the above 4. Due to finding of shale gas, which of the following countries is likely to become the World’s biggest Oil Producer by 2014? a) Iraq b) Saudi Arabia c) USA d) Iran e) China 5. Kudankulam Nuclear Power Plant in Tamilnadu is built with the help of which Country? a) Russia b) USA c) France d) Japan e) None of the above 6. Where is India’s highest ATM located? a) Drass in J&K b) Kargil in J&K c) Thimpu in Bhutan d) Nathu La in Sikkim e) None of the above 7. What is meant by ‘Reverse Repo Rate’ in India? a) Interest Rate Banks get when they keep their Surplus Money with RBI b) Interest Rate Banks pay when they borrow Funds from RBI c) Interest Rate Banks get when they keep their Surplus Money with other Banks d) Interest Rate Banks get when they borrow Funds from Govt. of India e) None of the above 8. Who is the author of the book ‘The Monk who sold his Ferrari’? a) Raghu S Sharma b) Rahul S Sharma c) Raghuram Rajan d) Ram S Sharma e) Robin S Sharma 9. As per the latest RBI guidelines, at what intervals Banks can pay Interest on Savings Accounts? a) Quarterly and above only b) Half yearly and above only c) Shorter or greater than Quarterly intervals d) Annual only e) None of the above 10. What is TRUE about ‘Inflation Indexed National Saving Securities (IINSSs)’ for retail investors? a) Proposed to be launched in November/December 2013 b) Interest on these Securities will be based on a Fixed Rate plus Inflation Rate c) Interest on these Securities will be compounded Half Yearly d) These Securities will be issued through Banks e) All the above 11. As per RBI guidelines, what is the maximum amount that can be transferred through RTGS? a) Rs. 10 Crores b) There is no upper limit c) Rs. 1 Crore d) Rs. 5 Crores e) None of the above 12. It is announced in the Union Budget that a LIC branch will be opened in every Town with a population of - a) 25 Thousand or more b) 5 Thousand or more c) 10 Thousand or more d) 15 Thousand or more e) Every Town irrespective of the population 13. Additional Tax Surcharge of 10% on Income Tax is levied on income of persons whose Annual income is- a) Above Rs. 1 Crore b) Above Rs. 50 Lac c) Above Rs. 75 Lac d) Above Rs. 25 Lac e) None of the above 14. Which State of India is the largest producer of Tea? a) Tamilnadu b) Kerala c) Assam d) West Bengal e) None of the above 15. As per RBI Rules, a Non Performing Asset (NPA) of a Bank in Doubtful Status for more than 3 years attracts provisioning at the Rate of- a) 50% b) 100% c) 10% d) 25% e) None of the above 16. Education Loans of up to what amount are classified as Priority Sector Loans? a) Rs. 10 Lacs for studies in India & Rs. 20 Lacs for studies abroad b) Rs. 15 Lacs for studies in India & Rs. 25 Lacs for studies abroad c) Rs. 20 Lacs for studies in India & Rs. 30 Lacs for studies abroad d) Rs. 30 Lacs for studies in India & Rs. 50 Lacs for studies abroad e) None of the above 17. Who is the Founder Chairman of Sahara India Pariwar Conglome-rate Company who is told by Supreme Court not to leave India without it’s permission? a) Sudhanshu Roy Sahara b) Sriram Roy Sahara c) Sunil Roy Sahara d) Subrata Roy Sahara e) None of the above 18. In order to introduce High Speed Passenger Train that can travel at speeds up to 200 Km/hr, Indian Railways has setup- a) High Speed Rail Corporation b) High Speed Trains Corporation c) High Speed Transport Corporation d) High Speed Transit Corporation e) None of the above 19. ‘Finance Bill’ has to be passed by Parliament and President’s Assent given before expiry of how many days of introduction in the Parliament? a) 60 days b) 75 days c) 90 days d) 30 days e) None of the above 20. National Food Security Bill 2013 aims to provide Food Security to- a) 10% of Rural and 5% of Urban Population b) 50% of Rural and 75% of Urban Population c) 25% of Rural and 80% of Urban Population d) 75% of Rural and 50% of Urban Population e) None of the above 21. What is ‘Arbitrage Trading’ with reference to Stock Markets? a) Settling or Arbitrating a Trade Dispute between two Stock Brokers b) Purchasing and selling the same Stock at the same time in different Markets c) Selling Stocks at a lower price than the market price d) Selling Stocks at a higher price than the market price e) None of the above 22. ‘Negative List’ under FEMA (Foreign Exchange Management Act) prohibits investments in India from certain Countries. Which of the following is a Country in that list? a) USA b) Pakistan c) UK d) Canada e) None of the above 23. What is Ind-Ra? a) An Indian Credit Ratings Company b) An Indian Mircofinance Company c) An Indian Scientific Research Company d) An Indian Housing Finance Company e) None of the above 24. What is EPS (Earnings Per Share)? a) Ratio of Capital to Number of Shares b) Ratio of Net Profit to Number of Shares c) Ratio of Reserves to Number of Shares d) Ratio of Interest to Number of Shares e) None of the above 25. Which Nationalised Bank has got the highest Government Sha-reholding as of 31st March 2013? a) Central Bank of India b) IDBI Bank c) Andhra Bank d) Vijaya Bank e) None of the above 26. Who is the ‘Secretary of Financial Services’ in Central Finance Ministry? a) Anil Goswami b) Akbaruddin c) Nirupama Rao d) Rajiv Takru e) None of the above 27. Which City in India is the best to start a Business as per a Study conducted by World Bank & International Finance Corporation (IFC)? a) Mumbai b) Hyderabad c) Delhi d) Bangalore e) None of the above 28. For which Banking product in India, Nomination facility is NOT available? a) Savings Deposits b) Fixed Deposits c) Recurring Deposits d) Current Accounts e) None of the above 29. Out of the total Priority Sector Loans, what percentage should be sanctioned to the Weaker Sections by Public Sector Banks as per RBI guidelines? a) 25% b) 50% c) 60% d) 15% e) None of the above 30. Who is the Managing Director & CEO of NSE (National Stock Exchange)? a) Bimal Jalan b) S Damodaran c) Chitra Ramakrishna d) Naina Lal Kidwai e) None of the above 31. Which of the following Banks does NOT have its Headquarters in Mumbai? a) State Bank of India b) ICICI Bank c) Bank of Maharashtra d) Union Bank of India e) HDFC Bank 32. Govt of India withdrew flying rights to Kingfisher Airlines in Feb 2013. Name the Chairman & Managing Director of the now defunct Kingfisher Airlines? a) G R Gopinath b) Vijay Mallya c) Naresh Goel d) Kalanithi Maran e) None of the above 33. A fall in Rupee value against Major Foreign Currencies is generally- a) Detrimental to Importers b) Beneficial to Importers c) Detrimental to Indian Tourists going abroad d) Beneficial to Exporters e) ‘a’,’c’ & ‘d’ of the above Key 1.b; 2.b; 3.d; 4.c; 5.a; 6.d; 7.a; 8.e; 9.c; 10.e; 11.b; 12.c; 13.a; 14.c; 15.b; 16.a; 17.d; 18.a; 19.b; 20.d; 21.b; 22.e; 23.a; 24.b 25.a; 26.d; 27.c; 28.e; 29.a; 30.c; 31.c; 32.b; 33.e -
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1. As per RBI guidelines, a Savings Bank Account can be opened with a bank by a Minor in his/her name and operated by himself/herself provided the Age of the Minor is? a) Above 5 years b) Above 10 years c) Above 8 years d) Above 12 years e) No Minimum age prescribed 2. GDRs (Global Deposit Recei- pts) are issued in which Curre- ncy? a) British Pound b) US Dollar c) Any Major Currency of the World d) German Mark e) Japanese Yen 3. Banks in India can dispose of their bad loans known as NPAs (Non Performing Assets) through which of the following modes? a) By selling them to ARCs (Asset Reconstruction Com- panies) b) By Writing off the NPAs in their Books c) By recovering the dues using all available means d) 'a', 'b'&'c' of the above e) 'b' & 'c' of the above 4. The World Bank approved financial assistance for Uttara- khand State which was hit by rains & landslides in June 2013. What is the quantum of assistance? a) USD 1250 Million b) USD 2500 Million c) USD 250 Million d) USD 25 Million e) None of the above 5. Who is the current Chairman of Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF) popularly known as Amul? a) Vipul Chaudhary b) R S Sodhi c) Dr Verghese Kurien d) Dr M S Swaminathan e) None of the above 6. Which Country is the largest Importer of Crude Oil as of October 2013? a) India b) Russia c) USA d) China e) None of the above 7. What is REIT? a) Real Estate Investment Trust b) Rural Employment Improve- ment Trust c) Real Estate Improvement Trust d) Rural Employment Improve- ment Target e) None of the above 8. What is Crowd Funding? a) Pooling Money from People through a Public Issue of Shares b) Pooling Money from People through Road Shows c) Creating Funds to Manage Population Growth d) Pooling Money from People through Internet e) None of the above 9. Which Bank owns the maximum number of ATMs in India? a) ICICI Bank b) HDFC Bank c) SBI d) Yes Bank e) None of the above 10. Jago Grahak Jago campaign an initiative of Ministry of Consumer Affairs is against? a) Products imported from China b) Smuggled and Counterfeit Products c) Products imported from Pakistan d) Products which do not carry ISI mark e) None of the above 11. What is the latest Power Plant to start production of Electri- city in India? a) Kandla Nuclear Power Plant b) Kolkata Nuclear Power Plant c) Kalpakkam Nuclear Power Plant d) Kudankulam Nuclear Power Plant e) None of the above 12. Name the Currency of Scot-land? a) US Dollar b) Scottish Dollar c) British Pound d) Scottish Peso e) None of the above 13. In Banking parlance, what is a Nostro Account? a) Account maintained by a State Government with RBI b) Account maintained by Co-operative Bank with RBI c) Account maintained by an Indian Bank with RBI d) Account maintained by an Indian Bank with a Bank abroad in Foreign Currency e) None of the above 14. Find the odd man out of the following? a) VISA b) Master Card c) Standard Express d) American Express e) RuPay 15. Rashtriya Krishi Vikas Yojana (RKVY) is launched under the aegis of the National Development Council to achieve 4%annual growth in agriculture. In 2013-14 Budget, outlay for Rashtriya Krishi Vikas Yojana is? a) Rs. 9954 Crores b) Rs. 10000 Crores c) Rs. 9054 Crores d) Rs. 8654 Crores e) None of the above 16. The proposed Indian Institute of Agricultural Bio-Technology will be established in? a) Dharbhanga, Bihar b) Shivaganga, Tamilnadu c) Raibareli, UP d) Ranchi, Jharkhand e) None of the above 17. Annual Economic Survey is presented to the Parliament by? a) Finance Minister b) Commerce Minister c) Prime Minister d) Reserve Bank of India e) None of the above 18. In which State are maximum Major Ports of India located? a) Maharashtra b) Tamil Nadu c) Andhra Pradesh d) West Bengal e) None of the above 19. What is the minimum amount that can be transferred via RTGS (Real Time Gross Settle- ment) as per RBI guidelines? a) Rs. 0.50 Lac b) Rs. 5 Lac c) Rs. 1 Lac d) Rs. 2 Lac e) None of the above 20. Who is the Chairman of FMC (Forward Markets Commiss- ion) which is a regulatory auth- ority for Commodity futures markets in India? a) Chanda Kochar b) Ramesh Abhishek c) Arundhati Bhattacharya d) K V Kamath e) None of the above 21. Which Public Sector Bank has its Head Office located in Manipal? a) Vijaya Bank b) UCO Bank c) Syndicate Bank d) Bank of India e) None of the above 22. A Cheque is? a) Nominated Instrument b) Non-cash Instrument c) Non- Negotiable Instrument d) A Negotiable Instrument e) None of the above 23. Who is Indra Krishnamurthy Nooyi? a) Chairperson&CEO of Pepsico b) Chairperson & CEO of ICICI Bank c) Chairperson & CEO of Axis Bank d) Chairperson & CEO of Amul e) None of the above 24. Which of the following is a Tool used by RBI to control Infla- tion? a) Repo Rate Hike b) Procurement of Food grains c) Repo Rate Reduction d) Reduction in Direct Tax Rates e) None of the above 25. Who will pass the Annual Budgets of the Union Territo-ries in India? a) Parliament b) Respective Legislatures c) Finance Minister d) Prime Minister e) None of the above 26. As per 2011 Census, which State of India has got the highest Urban Population? a) Karnataka b) Maharashtra c) Tamilnadu d) West Bengal e) None of the above 27. Currently, what is the salary ceiling of an Employee for coverage under ESI (Employ- ees State Insurance) Scheme? a) Rs. 10,000 per month b) Rs. 15,000 per month c) Rs. 25,000 per month d) Rs. 30,000 per month e) None of the above 28. What is the current RBI's Reporate as announced on 20th Oct, 2013? a) 7.75% b) 7.50% c) 7.25% d) 7.00% e) None of the above 29. In India, Direct Tax collections are the highest from which State? a) Karnataka b) Gujarat c) Tamil Nadu d) Maharashtra e) None of the above 30. Find the odd man out? a) NSE b) DAX c) BSE d) MCX e) NCDEX 31. Name the new book written by Alan Greenspan, the former USA Federal Reserve Chair-man? a) The Fault Lines b) The Map and the Territory c) My Experiments with Truth d) Inside the Doomsday Machine e) None of the above 32. Chairman of a Public Sector Bank in India is? a) Elected by the Board of Directors of the Bank b) Elected by the Shareholders of the Bank c) Appointed by Govt. of India d) Appointed by the World Bank e) None of the above 33. What is Muhurat Trading? a) Construction and Sale of Marriage Function Halls b) Community marriages on Diwali Day c) Trading in Stock Exchange on Diwali Festival Day d) Betting on Diwali Festival e) None of the above 34. A Gilt Mutual Fund invests the Fund money in? a) Government Securities b) Gold Bullion c) Gold Mines d) Equity Shares traded on a Stock Exchange e) None of the above 35. Which of the following dates is NOT a common Holiday for all the Banks all over India? a) 2nd October b) 26th January c) 1st May d) 15th August e) None of the above Answers 1) b 2) b 3) d 4) c 5) a 6) d 7) a 8) d 9) c 10) b 11) d 12) c 13) d 14) c 15) a 16) d 17) a 18) b 19) d 20) b 21) c 22) d 23) a 24) a 25) a 26) b 27) c 28) a 29) d 30) b 31) b 32) c 33) c 34) a 35) c -
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1. Maximum number of Public Sector Bank Headquarters are located in which State of India? a) Maharashtra b) Karnataka c) West Bengal d) Tamil Nadu e) None of the above 2. Recently Govt. permitted ECBs (External Commercial Borrowings) in which of the Foreign Currencies? a) Peso b) Chinese Yuan (Renminbi) c) Dinar d) Riyal e) Ringitt 3. E-Cheque is defined in which Act? a) Negotiable Instrument Act 1881 b) Banking Regulation Act 1949 c) RBI Act 1935 d) Companies Act 2013 e) None of the above 4. India's longest BRTS(Bus Rapid Transport System) corridor whi-ch is 24 Km long is located in? a) Chandigarh b) Delhi c) Bhopal d) Mumbai e) Kolkata 5. What are ETFs (Exchange Traded Funds) in india? a) Mutual Funds traded like a Stock, on an Exchange b) Govt. Bond Funds traded on Stock Exchanges c) Employee Provident Funds traded on Stock Exchanges d) Pension Funds of Pvt. Sector Employees traded on Stock Exchanges e) None of the above 6. What is the 'NWS 2013-14' recently launched by NABARD (National Bank for Agriculture and Rural Development)? a) NABARD Weavers' Scheme b) NABARD Women's Scheme c) NABARD Water resources development Scheme d) NABARD Warehousing Scheme e) None of the above 7. Who gives License to a Foreign Bank to operate in India? a) Reserve Bank of India b) Ministry of Finance, Govt. of India c) Planning Commission of India d) Ministry of Home Affairs, Govt. of India e) None of the above 8. Recently Govt. of India decided to infuse Rs. 14000 Crores into Public Sector Banks in order to boost their Capital Adequacy Ratio and to meet the Credit requirements. Which of the following Banks is getting maximum share of this? a) Central Bank of India b) Dena Bank c) Syndicate Bank d) Indian Overseas Bank e) State Bank of India 9. What is a 'Commercial Paper'? a) An unsecured, Short term Debt Instrument issued by any Individual b) e-Stamp paper used for all legal transactions c) An unsecured, Short term Debt Instrument issued by a Corporate d) An unsecured, Short term Debt Instrument issued by Govt. of India e) None of the above 10. Which is the Oldest Public Sector Bank in India'? a) Central Bank of India b) Allahabad Bank c) Canara Bank d) Bank of India e) None of the above 11. Who won the Nobel Prize for Economics announced in October 2013? a) Eugene Fama b) Lars Peter Hansen c) Robert Shiller d) Ben Bernanke e) 'a', 'b'&'c' of the above 12. As per RBI guidelines, how many free ATM withdrawals per month can be done at the other Bank ATMs using a Card issued by your Bank? a) 10 b) 3 c) 5 d) 8 e) Unlimited 13. Which Country is the World's largest Economy in GDP terms? a) United States of America b) China c) United Kingdom d) Germany e) None of the above 14. Which of the following is NOT true regarding National Agricul-ture Insurance Scheme (NAIS) launched by Govt. of India? a) It covers both food crops and commercial crops b) Premium subsidy is shared equally by both the State govt. and the Central Govt. c) It covers Horticulture d) It is also known as Rashtriya Krishi Bima Yojana (RKBY) e) None of the above 15. As per RBI guidelines, an Account can be opened with a bank in the name of a Minor along with his/her parent as a Joint Account holder provided the Age of the Minor is? a) Above 5 years b) Above 10 years c) Above 8 years d) Above 12 years e) No Minimum age prescribed 16. After 'Facebook' which online Social Networking service provider is going public by offering its shares through an IPO (Initial Public Offering) in the month of November 2013? a) Twitter b) Linkedin c) Gtalk d) WhatsApp e) None of the above 17. Who prescribes the norms and guidelines to Banks in India for Classification of Assets in order to identify Non Performing Assets (NPAs)? a) IBA (Indian Banks' Associ-ation) b) World Bank c) Govt. of India d) Reserve Bank of India e) None of the above 18. IBA (Indian Banks' Association) is an Association of Banks operating in India. Find the wrong statement about IBA? a) Foreign Banks operating India cannot be members of IBA b) Urban Co-operative banks are members of IBA c) Both Public and Private Sector Banks are members of IBA d) Any Bank, Corporation, Society carrying on banking business can be a member of IBA e) There are 2 classes of members- Ordinary & Associate 19. 'Spot', 'Forward' & 'Swap' are the terms associated with? a) Trading in Commodities b) Trading in Foreign Exchange c) Trading in Stocks d) 'a'&'b' of the above e) 'a', 'b' & 'c' of the above 20. What are ADRs in financial terms? a) Allowed Deposit Receipts b) Asian Depository Receipts c) American Depository Receipts d) All-in-one Depository Receipts e) None of the above 21. TDS(Tax Deducted at Source) is not done on the Interest Income from the following types of Deposits? a) Company Fixed Deposits b) Bank Recurring Deposits c) Bank Fixed Deposits d) Bank NRO(Non-Resident Ordinary) Accounts e) None of the above 22. When there is a rise in prices of goods and services in an economy over a period of time, it is known as? a) Stagflation b) Deflation c) Inflation d) Reflation e) None of the above 23. What are 'Floating Rate Deposits' offered by Banks in India? a) Deposits with changing Interest rates linked to respective Bank's Base Rate b) Deposits with changing Interest rates linked to the Stock Exchange Index c) Deposits with changing Interest rates linked to the Wholesale Price Index d) Deposits with changing Interest rates linked to the Index of Industrial Production e) None of the above 24. India's Foreign Exchange Reserves consist of? a) Foreign Currency b) Gold c) SDRs(Special Drawing Rights)&Reserve position in the IMF d) 'a' &'b' of the above e) 'a', 'b' & 'c' of the above 25. A 'Letter of Credit' is primarily used in? a) International Trade b) Correspondence between two Banks in India c) Correspondence between World Bank and Govt. of India d) Correspondence between a Bank and Reserve Bank of India e) 'b' & 'd' of the above 26. Who is the Managing Director & CEO of ICICI Bank? a) K V Kamath b) Chanda Kochhar c) Raghuram Rajan d) Arundhathi Bhattacharya e) None of the above 27. BRICS is the acronym for an association of 5 major emerging national economies. The 5 Countries are? a) Britain, Russia, India, China & Sweden b) Brazil, Russia, India, Canada & Sweden c) Brazil, Russia, India, China & South Africa d) Bangladesh, Russia, India, China & Sweden e) Britain, Russia, India, Canada & Sweden 28. Which of the following pairs is NOT matched? a) General Insurance - United India Insurance Co. b) Banking - State Bank of India c) Credit Ratings - CRISIL d) Life Insurance - LIC of India e) Telecom - Larsen & Toubro 29. Name the World's leading Marine Insurance Company? a) Lloyd's b) Citi Group c) Lehman Brothers d) JP Morgan Chase e) None of the above 30. Which Bank is the first to introduce 'Internet Banking' in India? a) Citi Bank b) HSBC c) ICICI Bank d) Barclays e) None of the above 31. What is NOT true about ELSS (Equity Linked Savings Schemes) in India? a) Investments in ELSS do not give Tax Benefit b) ELSS Funds are invested in Indian Equity Market c) ELSS have a minimum lock in period of 3 years d) ELSS offer both 'Dividend' & 'Growth' options e) None of the above 32. What is the main Kharif crop in India? a) Wheat b) Rice c) Jowar d) Mustard e) None of the above Answers 1. a 2. b 3. a 4. c 5. a 6. d 7. a 8. e 9. c 10. b 11. e 12. c 13. a 14. e 15. e 16. a 17. d 18. a 19. e 20. c 21. b 22. c 23. a 24. e 25. a 26. b 27. c 28. e 29. a 30. c 31. a 32. b
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