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Banking Awareness Question Bank

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1. Banking Ombudsman is appointed bya) SEBIb) NABARDc) RBId) None of these

2. Name of Union Territory which as recently presented a tax free budge of Rs.6100 Crore forthe union territory:a) Chandigarhb) Puducherryc) Dadra Nagar Hawelid) None of these

3. Maximum age for retirement for MD/CEO of all private banks isa) 60 yearsb) 65 yearsc) 70 yearsd) None of these

4. Two new Savings Bank products for children namely ‘PehlaKadam and PehliUdaan’introduced bya) State Bank of Indiab) United Bank of Indiac) Axis Bankd) None of these

5. 'Financial Exclusion' is:a) Exclude the Financeb) Lack of Access to Financial Servicesc) Instability of Financial Servicesd) None of these

6. Vijay Mallya as 'Willful Defaulter' is declared by:a) United Bank of Indiab) Canara Bankc) Dena Bankd) None of these

7. Mutual Funds are regulated by:a) Reserve Bank of Indiab) Securities and Exchange Board of Indiac) Mutual Funds Board of Indiad) None of these

8. To solve the problems of Balance of Payments of membercountries is function of:a) World Bankb) IMFc) GATTd) None of these

9. Which term is not associated with banking operations:a) Equatorb) Prime Lending Ratec) Corporate Financed) None of these

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10. U.T.I. officially changed into:a) Vijaya Bankb) Dena Bankc) Axis Bankd) None of these

11. Regulatory Authority for Regional Rural Bank is of:a) Sponsor Bankb) State Governmentc) RBI and NABARDd) None of these

12. EBT stands fora) Electronic Beginning Transactionb) Electronic Benefit Transferc) Electric Belated Transferd) None of these

13. The instrument can not be presented for the payment in the Clearing House is:a) Fixed Deposit Receiptb) Dividendsc) Demand Draftsd) None of these

14. BharatiyaMahila Bank Limited on 19 November, 2014 launched its Internet Banking Facility.Name of it was:a) BMB Netb) BMB Onlinec) BMB Smartbankingd) None of these

15. Apex institution which handles refinance for agriculture and rural development in India is:a) NABARDb) SEBIc) SIDBId) None of these

16. The private sector bank which recently allowed children above 10 years to open savings bankaccounts after SBI is:a) PNBb) HDFCc) ICICId) None of these

17. IMF stands fora) International Money Fundb) International Monetary Fundc) Indian Mutual Fundd) None of these

18. The private sector bank which launched FACEBOOK based instant fund transfer service toenable users to send money to friends on social media network is :a) Kotak Mahindra Bankb) Syndicate Bank





c) Laxmi Vilas Bankd) None of these

19. First Multi-currency international Debit Cards are issued in India by:a) Punjab National Bankb) State Bank of Indiac) Axis Bankd) None of these

20. IT company which will set up local data centers in India by the end of 2015 is:a) Appleb) Googlec) Microsoftd) None of these

21. The Foreign Exchange Reserves of India are kept in the custody of:a) International Monetary Fundb) Reserve Bank of Indiac) State Bank of Indiad) None of these

22. "Bank of Rajasthan" merged with which bank"a) Global Trust Bankb) ICICI Bankc) Axis Bankd) None of these

23. Which bank opened a Lockless branch at Maharashtra to respecting the local customs:a) State Bank of Indiab) UCO Bankc) Bank of Maharashtrad) None of these

24. 'Drawer' in the bank cheques is:a) Who receives the chequesb) Who encash the chequesc) Who issues the chequesd) None of these

25. 'Drawee in the bank cheque is:a) Who rejects the payment of chequesb) Who encash the chequesc) Always the Bankerd) None of these

26. Which was the first bank to set up talking ATM in India:a) Union Bankb) Dena Bankc) ICICI Bankd) None of these

27. In 1976, Narang Bank of India was acquired by which of the following bank:a) UCO Bankb) Union Bankc) United Bank of India





d) None of these

28. Initially there were how many associate banks of State Bank of India in 1959:a) Sevenb) Fivec) Twod) None of these

29. During the period of Inflation, tax rates should:a) Increaseb) Decreasec) Fluctuated) None of these

30. Biggest tax paying sector in India is:a) Agricultural Sectorb) Banking Sectorc) Industrial Sectord) None of these

31. Which Indian Bank became the first to touch a market capitalization of Rs. 1,00,000 Crore inIndia:a) SBIb) Axis Bankc) HDFC Bankd) None of these

32. Insurance sector is regulated by which of the following institution/organization:a) SEBIb) IRDAc) RBId) None of these

33. Expanded form of UCO Bank is:a) United Cooperative Bankb) Union Commercial Bankc) United Commercial Bankd) None of these

34. IRDA stands for:a) International Reconstruction and Development Associationb) Insurance Regulatory and Development Authorityc) Indian Road Development Agencyd) None of these

35. TRIPS and TRIMS are associated with which of following organization:a) WTOb) IMFc) IDAd) None of these

36. Which are the first two Indian Banks allowed to open branches in Pakistan in August, 2012:a) SBI and Bank of Indiab) Axis and HDFC Bankc) HDFC and ICICI Bank





d) None of these

37. Which one of the leading nationalized bank in 2012 celebrated its 147th year of dedicatedservice to the nation and has introduced 'Interactive Voice Response':a) Bank of Barodab) Indian Overseas Bankc) Allahabad Bankd) None of these

38. Which of the following is correct about ATM:a) ATM is a computer which is dedicated to perform certain specific Jobs onlyb) ATM is a user friendly machine and the customer does not require any training to use itc) ATM is totally menu driven which displays instructions to the customers step by step foroperating the samed) All of the abovee) None of these

39. Universal Bank is one which:a) present universally in all the countries of the worldb) Undertakes the functions of a development financial institution as well as a commercialbankc) All of the aboved) None of these

40. The merchant banking activities in India are governed by which of the following bodies:a) SEBIb) IRDAc) RBId) None of these

41. RBI was established in:a) 1 April, 1935b) 5 April, 1934c) 5 May, 1935d) None of these

42. Original name of the State Bank of India was:a) Bank of Calcuttab) Bank of Bengalc) Both Aboved) None of these

43. State Bank of India comes in to existence in the year:a) 1947b) 1955c) 1959d) None of these

44. "Hum Hai Na" is slogan of which bank:a) ICICI Bankb) Punjab National Bankc) Vijaya Bankd) None of these

45. World Bank was established in the year:





a) 1955b) 1942c) 1944d) None of these

46. Headquarter of World Bank is located at:a) Londonb) Washington D.C.c) Genevad) None of these

47. 12th President of World Bank Group is:a) Kelvin BlayerOdwichb) ShinjoYuangc) Jim Yong Kimd) None of these

48. "Overdrafts" covered under which of following function:a) Accepting Depositsb) Advancing of Loansc) Both of Aboved) None of these

49. For the overdraft facility, customer have to pay:a) Interestb) Commissionc) Normal Chargesd) None of these

50. SIDBI stands for"a) Specially Industries Development Bank of Indiab) Sound Industries Development Bank of Indiac) Small Industries Development Bank of Indiad) None of these

51. NHB is:a) Hyderabad Bank for Nationb) National Housing Bankc) Non - Housing Bank in Indiad) None of these

52. NHB was established on:a) 19 July, 1992b) 12 July, 1985c) 9 July, 1988d) None of these

53. NDTL stnads for:a) Net Demand and Time Liabilitiesb) Non Demat Terrific Liabilitiesc) National Demand for True Liabilitiesd) None of these

54. The share of NDTL which Bank maintain in cash with RBI is termed as:a) CRR





b) SLRc) MSFd) None of these

55. The account that allows you to buy, sell as well as transact without the need of any paperworkis:a) Simple Accountb) Demat Accountc) Current Accountd) None of these

56. KYC is:a) Know Your Customerb) Know Your Chequec) Keep Your Cashd) None of these

57. Increase in the general level of prices for goods and services are known as:a) Deflationb) Inflationc) Normal Price Incrementd) None of these

58. A cheque which is payable to any person who presents it for payment at the bank counter iscalled:a) Cross Chequeb) Bearer Chequec) Open Chequed) None of these

59. Barometer of Indian Market is:a) NIFTYb) SENSEXc) Both of Aboved) None of these

60. Cooperative enterprises entered into two or more business entities, known as:a) Megersb) Amalgamationc) Joint Ventured) None of these

61. Capital Market deals in:a) Long Term Fundsb) Debt and Equityc) All of the Aboved) None of these

62. In which year Banking Commission was established:a) 1971b) 1972c) 1974d) 1975

63. IRDA's headquarter situated at:





a) Ahmedabadb) Hyderabadc) Aurangabadd) None of these

64. State Bank of India was formulated under:a) SBI Act, 1957b) SBI Act, 1959c) SBI Act, 1955d) None of these

65. Which of the following bank is the first universal bank established in the country:a) SBIb) PNBc) ICICI Bank Limitedd) None of these

66. Scheduled Commercial Banks got licence under:a) Banking Regulation Act 1949b) Banking Regulation Act 1952c) Banking Regulation Act 1955d) None of these

67. Laxmi Commercial Bank merged with:a) Vijaya Bankb) Dena Bankc) Canara Bankd) None of these

68. When ATM machine installed in the bank is out of order, it is called:a) Operational Riskb) Electronic Defaultc) ATM Auto Defaultd) None of these

69. When the computers are not functioning in a bank, it is called:a) Auto Defaultb) Computer Riskc) Operational Riskd) None of these

70. When the loans are not repaid in time, it is called:a) Loan Defaulterb) Credit Riskc) Weak Creditworthinessd) None of these

71. When the bank products fail to survive in the market, it is called:a) Bank Products Failureb) Bank Failurec) Market Riskd) None of these

72. When the banks are not able to pay the amount to the depositors, it is called:a) Bank Insolvency





b) Liquidity Riskc) Financial Defaultd) None of these

73. IFSC denotes:a) Branch Location of any Bankb) Branch Code of any Bankc) District Code of any Bankd) None of these

74. IFSC consists of:a) 11 digitsb) 14 digitsc) 12 digitsd) None of these

75. Oriental Bank of Commerce has taken over:a) Kotak Mahindra Bankb) Axis Bankc) Global Trust Bankd) None of these

76. RBI does not issue:a) One Rupee Noteb) Hundred Rupee Notec) Twenty Rupee Noted) None of these

77. Which state government's business is not transacted by RBI:a) Himachal Pradeshb) Jammu and Kashmirc) Manipurd) None of these

78. Which was the first Indian bank to open the branch outside India at London in 1946:a) Punjab National Bankb) SBIc) Bank of Indiad) None of these

79. NRI deposits are called as:a) Hot Moneyb) Foreign Depositsc) NRI Fundsd) None of these

80. LAB means:a) Legislatively Assembled Banksb) Lawfully Authorized Banksc) Local Area Banksd) None of these

81. First Public Sector Bank to issue capital to public is:a) Axis Bankb) Oriental Bank of Commerce





c) Laxmi Bankd) None of these

82. The Management of SEBI consists of:a) Chairman and Four Membersb) Chairman and Seven Membersc) Chairman and Five Membersd) None of these

83. Social Control of the banks introduced during the year:a) 1967b) 1969c) 1970d) None of these

84. Which of the following is correct about the Home Banking:a) Extended version of Tele-Bankingb) Customer is able to access his bank account from homec) All of the Aboved) None of these

85. The regulatory authority for Regional Rural Banks is RBI and:a) NABARDb) BhartiyaMahila Bankc) Laxmi Bankd) None of these

86. When RBI desires to restrict expansion of credit it raises the:a) Bank Rateb) SLRc) Both SLR and Bank Rated) None of these

87. Sub Section 12AB of section 17 of RBI Act defines the term:a) Repo Rateb) Reverse Repo Ratec) SLRd) None of these

88. When a Bank returns a cheque unpaid, it is called:a) Dishonor of the Chequeb) Cheque Bouncec) Both Dishonor and Bounce of the Chequed) None of these

89. Mortgage is Security on:a) Immovable Propertyb) Movable Propertyc) Both Movable and Immovable Propertyd) None of these

90. Accounts in which shares of various companies are traded in electronic form are called:a) Demat Accountsb) Revenue Accountsc) E-Accounts





d) None of these

91. Full form of FINO:a) Financial Information Network and Operation Limitedb) Finance Information Network Organizationc) Finance in Network Organizationd) None of these

92. When the purchasing power of money decreases then rate of Inflation:a) Increasesb) Decreasesc) May be Increase/Decreased) None of these

93. Full form of DICGC:a) Deposit Insurance and Credit Guarantee Corporation of India Limitedb) Document of Insurance and Credit Guarantee Corporation of Indiac) Deposit in International Credit Guarantee Corporation of India Limitedd) None of these

94. Urban Cooperative Bank is:a) Not a Commercial Bankb) Not a Non - Commercial Bankc) Listed Bankd) None of these

95. Following is not a primary function of a Bank:a) Facilitating Import of Goodsb) Facilitating Cash Dealsc) Providing Loansd) None of these

96. The reserves which can act as liquidity buffer for commercial banks during crisis times are:a) CRR and SLRb) Only CRRc) Only SLRd) None of these

97. Money Laundering is:a) Conversion of money which is illegally obtainedb) Conversion of money which is legally obtainedc) All converted moneyd) None of these

98. The credit risk to the bank is high from which of these cards:a) Credit Cardb) Debit Cardc) Both types of Cardsd) None of these

99. Mortgage is a security on which kind of property for loan given by the bank:a) Immovable Propertyb) Movable Propertyc) Both kinds of Propertyd) None of these





100. NEFT means:a) National Electronic Funds Transferb) National Electronically Financial Transferc) Non - Electronic Fund Transferd) None of these

101. Interest on savings bank account now calculated by the banks on:a) Daily Product Basisb) Monthly Product Basisc) Weekly Basisd) None of these

102. Which of the following is not a money market instrument:a) Commercial Paperb) Treasury Billsc) Loans and Advancesd) None of these

103. Which is the first Bank to launch the Mutual Fund:a) SBIb) PNBc) RBId) None of these

104. Commercial Paper is a:a) Unsecured Money Market Instrumentb) Secured Money Market Instrumentc) Both Secured and Unsecured Instrumentd) None of these

105. Full form of TPAa) Third Party Administratorb) Total Performing Assetsc) Third Party Associationd) None of these

106. Under which RBI was nationalizeda) Transfer of Private Ownership Act, 1944b) Transfer of Public Ownership Act, 1948c) Transfer of Joint Ownership Act, 1940d) None of these

107. Where are four regional centres of RBI located?a) Mumbai, Kolkata, Chennai and Delhib) Kolkata, Chennai, Mumbai, Gujratc) Gurarat, Mumbai, Kolkata, Delhid) None of these

108. Scheduled Commercial Banks have paid up capital and reserves – aggregate value ofnot less than:a) Rs.5,00,000b) Rs.6,00,000c) Rs.8,00,000d) None of these





109. Scheduled Commercial Banks has to maintain their CRR up to:a) 3% of their time and demand liabilitiesb) 5% of their time and demand liabilitiesc) 7% of their time and demand liabilitiesd) None of these

110. Scheduled Commercial Banks’ CRR can go up to maximum of:a) 15%b) 16%c) 17%d) None of these

111. How many Public Sector Banks are nationalized:a) 14b) 20c) 21d) None of these

112. How many Public Sector Banks were nationalized on 19 -07 -1969:a) 14b) 15c) 16d) None of these

113. Under which Act, Industrial Reconstruction Bank of India was reconstituted:a) IRBI Act,1984b) IRBI Act, 1986c) IRBI Act, 1987d) None of these

114. Minimum Paid up capital for Private Sector Bank must be:a) 100 Croreb) 150 Crorec) 105 Crored) None of these

115. On 2-10-1975, which types of banks were established:a) Public Sector Banksb) Private Sector Banksc) Regional Rural Banksd) None of these

116. Local Area Banks were established on:a) 24.08.1996b) 24.09.1995c) 24.07.1992d) None of these

117. Local Area Banks were registered as public limited companies under which act:a) Companies Act, 1956b) SEBI Act, 1885c) Limited Liability Partnership Actd) None of these





118. Full form of NBFCa) Non -Banking Finance Companiesb) Non -Banking Financial Corporationc) National Banking Financial Corporationd) None of these

119. LIC was established in which year:a) 1956b) 1965c) 1977d) None of these

120. National Bank for Agricultural and Rural Development was established in:a) 1982 under act of parliamentb) 1985 under act of parliamentc) 1988 under act of parliamentd) None of these

121. LIC established on :a) 01.09.1956b) 01.10.1965c) 01.09.1965d) None of these

122. What was the establishement year of UTI in India:a) 1963, By Act of Parliamentb) 1965, By Act of Parliamentc) 1969, By Act of Parliamentd) None of these

123. General Insurance Corporation of India was formed and registered on:a) January 1973b) January 1974c) February 1975d) None of these

124. General Insurance Corporation of India was registered under:a) Insurance Act, 1938b) Companies Act, 1956c) SEBI Act, 1885d) None of these

125. EXIM means:a) Export and Import Bank of Indiab) Exchange in Monetary Transactionc) Export in Monetary Transactiond) None of these

126. The Export and Import Bank of India Act Passed on:a) 1981b) 1984c) 1986d) None of these

127. EXIM bank offers credit and lines of credit(LOC) to:





a) Foreign Government and Banksb) Domestic Government and Banksc) Only Private Sector Banksd) None of these

128. National Housing Bank was established on:a) 1985b) 1984c) 1988d) None of these

129. What is the minimum age to became the manager in Private Sector Bank is?a) 18b) 20c) 21d) 24e) None of these

130. What is the maximum age for MD and CEO in Private Sector Banks set by RBI?a) 70b) 75c) 60d) 80e) None of these

131. From the following statement which is incorrect about guidelines of RBI forLicensing of New Banks in the Private Sector-a) Minimum capital requirement will be Rs.500 Croreb) Aggregate foreign shareholding in the new bank should not exceed 49 per cent for the firstfive yearsc) The new bank should open at least 25 per cent of its branches in unbanked rural centresd) Bank should open at least 25 per cent of its branches in metropolitan areae) None of these

132. From the following statements which is incorrect about NBFC?a) NBFC cannot accept demand depositsb) NBFCs do not form part of the payment and settlement system and cannot issue chequesdrawn on itself;c) deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is notavailable to depositors of NBFCs, unlike in case of banks.d) NBFC is a company that provide banking services without meeting the legal definition ofa banke) None of these

133. Who is the Chairmen of SEBI ?a) Arun Kumar Jhab) Kishore Kumar Sansic) Surendra Kumar Sinhad) Upendra Kumar Sinhae) None of these

134. Who is the CEO of NITI Aayog ?a) SindhuShriKhullarb) ArvindPanagariyac) NarendraModi





d) ArvindKejriwale) None of these

135. Full Form of TRAI is ?a) Transport Regulatory Authority of Indiab) Telecom Regulatory Agency of Indiac) Telecom Regulatory Authority of Indiad) Transport Regulatory Agency of Indiae) None of these

136. The extended date for BASEL III Norms which was earlier 31st March 2018 is ?a) 31.03.2016b) 31.03.2019c) 31.03.2020d) 31.03.2021e) 31.03.2025

137. What is tag line of SBI ?a) With you all the way, Pure Banking Nothing Else, The Nation’s banks on usb) The name you can bank uponc) India’s International Bankd) BadhtiKanaamZindagie) None of these

138. The Headquarter of Punjab National Bank is ?a) Mumbaib) Kolkatac) New Delhid) Hyderabade) None of these

139. What is the FDI limit in Insurance ?a) 26%b) 49%c) 74%d) 51%e) None of these

140. Who is on the top rank in " Ease of Doing Business 2014" Report by World Bank ?a) Indiab) Chinac) USAd) Singaporee) None of these

141. KVP (KisanVikasPatra ) which is launched by Finance Minister ArunJaitley , themoney will double in ?a) 120 monthsb) 100 monthsc) 180 monthsd) 150 monthse) None of these

142. From the folowing which is the incorrect statement about RD (Recurring Deposit)?





a) Recurring Deposit accounts are normally allowed for maturities ranging from 6 months to120 monthsb) These accounts can be opened in single or joint namesc) Rate of Interest offered is similar to that in Fixed Depositsd) Interest is compounded on quarterly basis in recurring depositse) None of these

143. MICR (Magnetic Ink Character Recognition) code consist of ?a) 11 characterb) 9 characterc) 14 characterd) 12 charactere) None of these

144. Which among the following is the oldest Public Sector Bank of India?a) Punjab National Bankb) Central Bank of Indiac) Allahabad Bankd) Bank of Barodae) State Bank of India

145. Name the 5 cities where RBI issued plastic notes ?a) Kochi,Patna,Delhi,Ahmadabad and Chennaib) Jaipur,Shimla,Delhi,Patna and Mimbaic) Mumbai,Shimla,Jaipur,Patna and Chennaid) Jaipur,Shimla,Kochi,Mysore and Mumbaie) Kochi,Mysore,Jaipur,Bhubhaneswar and Shimla

146. Which country issued first purely plastic note ?a) New Zealandb) Mexicoc) Singapored) Fiji and Canadae) Australia

147. Rate of interest is determined by :a) Commercial Bankb) Public Bankc) Private Bankd) RBIe) None of these

148. India's first non-bank owned ATM (White Label ATMs) open in ?a) Delhib) Biharc) Uttar Pradeshd) Maharashtrae) Gujarat

149. What is White Label ATM ?a) Owned by Bankb) Owned by RBIc) Owned by Stated) Owned by Centere) None of these





150. Name the four entities which are authorised by RBI to operate as WLAs ?a) National Payment Corporation of India,VakrangeeLtd.,Tata Communications PaymentSolutions and Prizm Payment Services Pvt. Ltd.b) VakrangeeLtd.,Tata Communications, Prizm Payment Solution,Reliance andc) Tata Communications,Prizm Payment Services,Muthoot Finance and Vakrangee Ltdd) Reliance, Tata Communications ,Muthoot Finance and Vakrangee ltd.e) None of these

151. India s largest commercial Bank is : ?a) Bank of Barodab) State Bank of Indiac) ICICId) Punjab National Banke) Central Bank of India

152. A bank account which does not require any minimum balance is termed asa) Nil balance accountb) Zero balance accountc) Frill accountd) No Frill accounte) None of these

153. Bank deposits that can be withdrawn without notice are called :a) Demand Depositsb) Fixed Depositsc) On Demand and Time Depositsd) Basic Savings Depositse) None of these

154. Contemporary Currency notes have ___ languages on the panel which appear on thereverse of the note.a) 14b) 12c) 16d) 13e) 15

155. Mutilated Notes are ?a) Notes which are in pieces and/or of which the essential portions are missingb) Any bank note, which is wholly or partially, obliterated, shrunkc) Notes which are washed, altered or indecipherabled) Notes which are wholly or partially, obliterated, shrunk, washed, altered or indecipherablee) None of these

156. Minimum Limit for sending money to Nepal through NEFT (National ElectronicFund Transfer) in a single day ?a) 10000b) 50000c) No limitd) 200000e) None of these

157. Notice Money is a money lend for a period of ?a) Between 2 and 14 days





b) exceeding 14 daysc) 1 dayd) 2 dayse) None of these

158. Which is incorrect about NBFC (Non-Banking Financial Company) ?a) It cannot accept demand depositsb) deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is notavailable to depositors of NBFCs, unlike in case of banksc) NBFCs do not form part of the payment and settlement system and cannot issue chequesdrawn on itselfd) NBFCs cannot offer interest rates higher than the ceiling rate prescribed by RBI from timeto time. The present ceiling is 12.5 per cent per annume) The deposits with NBFCs are not insured

159. "INDIA's Central Bank" is slogan of:a) Reserve Bank of Indiab) State Bank of Indiac) IDBId) None of these

160. Upper Limit on KisanVikasPatra is:a) 1000000b) 500000c) No upper limitd) None of these

161. HDFC stands for:a) Higher Development Finance Corporationb)Housing Development Finance Corporationc) Himachal Development Finance Corporationd) None of these

162. Mutual Fund Market regulated by:a) Reserve Bank of Indiab) Securities and Exchange Board of Indiac) Unit Trust of Indiad) None of these

163. FCCB stands for:a) Finance and Currency Controller Boardb) Foreign Currency Convertible Bondc) Foreign Collection for Cash Boardd) None of these

164. MICR stands for:a) Magnetic Ink Code Readerb) Magnetic Ink Character Recognitionc) Magnetic Ink Cheque Recognitiond) None of these

165. RBI established on:a) 5 April 1947b) 1 April 1935c) 8 April 1949





d) None of these

166. "DD" in banking term stands for:a) Demand Chequeb) Doordarshanc) Demand Draftd) None of these

167. CPI refers to:a) Cost Price Indexb) Consumer Price Indexc) Current Price Indexd) None of these

168. "Imperial Bank of India" is the former name of which of the following bank:a) SBIb) IndusInd Bankc) RBId) None of these

169. "RAND" is currency of :a) South Koreab) South Africac) South Americad) None of these

170. SLR stands for:a) Special Liquidity Ratiob) Special Lending Ratec) Statutory Liquidity Ratiod) None of these

171. REC stands for:a) Rural Economic Corporationb) Rural Electricity Corporationc) Rural Electrification Corporationd) None of these

172. PSU stands for:a) Public Sector Utilitiesb) Public Sector Unitsc) Public Sector Undertakingd) None of these

173. A right to keep possession of property belonging to another person until a debt owned by thatperson is discharged is called as:a) Lienb) Mortgagec) Custodyd) None of these

174. The stated principal amount of a financial instrument is known as:a) Market Valueb) Book Valuec) Face Value





d) None of these

175. A person who sets up a business or businesses, taking on financial risks in the hope of profitis known as:a) Partnerb) Entrepreneurc) Ownerd) None of these

176. Out of Profits/Reserves, money given by company to its shareholders is:a) Interestb) Dividendc) Bonusd) None of these

177. WPI stands for:a) Wholesale Price in Indiab) Wholesale Price Institutionc) Wholesale Price Indexd) None of these

178. PLR stands for:a) Poverty Line Remarkb) Price Lending Ratec) Prime Lending Rated) None of these

179. Excess of Supply over Demand denotes:a) Buyers Marketb) Sellers Marketc) Both of Aboved) None of these

180. Regulator of Capital Market is:a) SEBIb) RBIc) World Bankd) None of these

181. NREGA was renamed with the name of:a) Indira Gandhib) Rajiv Gandhic) Mahatma Gandhid) None of these

182. Which of the following is incorrect:a) WTO-Genevab) IMF-Washington D.C.c) World Bank-Washington D.C.d) None of these

183. Drafts of Five years plans are approved by:a) Planning Commissionb) National Development Councilc) National Planning Council





d) None of these

184. National Stock Exchange is located in:a) Mumbaib) Delhic) Kolkatad) None of these

185. The market in which long term securities such as stocks and bonds are bought and sold iscommonly known as:a) Bullion Marketb) Capital Marketc) Bull Marketd) None of these

186. When Aggregate supply is less than aggregate demand is then:a) Deflation Occursb) Inflation Occursc) Stability Occursd) None of these

187. First Bank in India to launch EMI facility on debit cards:a) SBIb) Axis Bankc) ICICI Bankd) None of these

188. FMC stands for:a) Forward Markets Commissionb) Financial Market Commissionc) Foreign Market Controld) None of these

189. In MICR cheque, first six numbers indicates:a) Branch Code and Locationb) City Locationc) Cheque Numberd) None of these

190. Assignment refers to:Transfer of Interest from one party to anotherEvery Financially Transfer TransactionTransfer of a loan from one party to anotherNone of these

191. Sugam scheme was launched for:a) Big Corporate Housesb) Small Tax Payersc) Pensioners getting old age pensiond) None of these

192. The regulator of whole banking in India is:a) Banking Planning Councilb) Banking Control Unitc) RBI





d) None of these

193. ' National Rural Employment Program' was formerly known as:a) Do work and get Foodb) Employment for Foodc) Food For Workd) None of these

194. Where neither exports nor imports takes place is known as:a) Closed Economyb) Depressed Economyc) Silent Economyd) None of these

195. R. Gandhi is Deputy Governor of RBI and also a part of board member of:a) MNREGAb) Axis Bankc) SEBId) None of these

196. Conversion of Physical form of share into electronic form is called:a) E-Shareb) DEMATc) Online Share Cardsd) None of these

197. U.K. Sinha is present chairman of:a) RBIb) SEBIc) National Development Councild) None of these

198. Who among the following is famous banker and is PadamBhushan Awardee:a) Indira Nuyeeb) ChandaKochharc) ArundhatiBhatacharyad) None of these

199. A scheduled bank must be:a) Company incorporated by any law in force in any place in India.b) An institution notified by GOI.c) A company as defined by Companies Act, 2013.d) All of the Abovee) None of These

200. Financial assistance for a sum of Rs. 5,000 can be called as:a) Short Term Moneyb) Little Financec) Micro Financed) Small Financee) None of These

201. An index of financial inclusion has been launched for first time in 2008 by:a) NSEb) ICRIER





c) BSEd) RBIe) None of These

202. ICRIER stands for:a) International Council on Research in Economic Referencesb) Indian Career Research Institute in Economic Relationc) Indian Council for Research on International Economic Relationsd) International Coverage on Research Institute for Economic Rates

203. Which of the following is a third party product often sold by banks:a) Gift chequesb) Credit cardsc) Debit cardsd) Mutual fundse) None of These

204. FD in commercial bank can be done for maximum period of:a) 10 Yearsb) 15 Yearsc) No Limitd) 9 Yearse) None of These

205. Which of the following happened to be the first private bank in India to receive an in-principle approval from RBI?a) HDFC Bankb) ICICI Bankc) Yes Bankd) United Western Banke) None of These

206. KYC policy has been actually innovated by:a) Fed Reserve of USAb) Basel committeec) RBId) GOI, Ministry of Financee) None of these

207. FDI stands for:a) Foreign Development in Indiab) Frequent Direct Investmentc) Foreign Direct Investmentd) Financial Development In Indiae) None of These

208. Reduction in general level of prices in an economy is known as:a) Inflationb) Shortage of Goodsc) Deflationd) Supply Shortagee) None of These

209. A general increase in prices and fall in the purchasing value of money:a) Poverty Increment





b) Deflationc) Inflationd) Increased Goods Supplye) None of These

210. FII stands for:a) Foreign Investment Indexb) Foreign Institutional Investorc) Federation of Investment in Indiad) Federation of International Investment

211. SEBI is a:a) Statutory Bodyb) Constitutional Bodyc) Advisory Bodyd) Non Statutory Bodye) None of These

212. _____is the rate of interest which is levied on long term loans and advances taken bycommercial banks from RBI:a) Reverse Repo Rateb) Fixed Interest Ratec) Bank Rated) Repo Ratee) None of These

213. The amount of cash funds that the banks have to maintain with RBI is known as:a) Repo Rateb) Cash Reserve Ratioc) Base Rated) Mortgage Ratee) None of These

214. Reserve Bank of India was nationalized in:a) 1948b) 1949c) 1947d) 1945e) None of These

215. Those amounts due to vendors or suppliers that must be paid within one year is known as:a) Loan Advancesb) Accounts Payablec) Creditorsd) Debtorse) None of These

216. The maximum compensation by Banking Ombudsman for a complaint is:a) Rs.1 lakhb) Rs.2 lakhc) Rs.5 lakhd) Rs.10 lakhe) None of These

217. Which of the following Cheque is not honoured by the bank?





a) Stale Chequeb) Crossed Chequec) Self Chequed) Open Chequee) None of These

218. Banking comes under:a) Agriculture Sectorb) Rural Sectorc) Service Sectord) Finance Sectore) None of These

219. The director of controversial film "DAM 999" is:a) Yash Choprab) Sohan Royc) Kabir Khand) None of These

220. The theme of PravasiBharatiya Divas 2012 was:a) Global Indian - Inclusive Growthb) Engaging the global Indiansc) Nation with Migrants Indiansd) None of These

221. The cabinet has approved the extension of Ex-servicemen contributory health schemeto_______domiciledgorkhaspensioners ex-service men:a) Bhutanb) Nepalc) Tibetd) None of These

222. Which of the following term is not related to Banking/Finance operations:a) Consolidationb) Provision Coverage Ratioc) Commodificationd) None of These

223. Which of the following committee was related to Foreign Direct Investment:a) Dutt Committeeb) N.K. Singh Committeec) Chandra Shekhar Committeed) None of These

224. The excess of total expenditures over total receipts is known as:a) Fiscal Deficitb) Revenue Deficitc) Budget Deficitd) None of These

225. Which of the following is a Private Sector Undertaking:a) Cotton Corporation of Indiab) Air India Engineering Services Limitedc) Tata Consultancy Servicesd) None of These





226. The term Rolling Settlements is predominantly used in which of the following markets:a) Currency Marketb) Capital Marketc) Commodity Marketd) None of These

227. A money deposited in a bank that cannot be withdrawn for a preset fixed period of time isknown as:a) Checking Accountb) Term Depositc) No Frills Accountd) None of These

228. The term SMART MONEY refers to:a) Traveller'sChequeb) Internet Bankingc) Credit Cardsd) None of These

229. When there is a difference between all receipts and expenditures of the Government of Indiaboth capital and revenue, it is called:a) Budgetary Deficitb) Trade Gapc) Balance of Payment Problemsd) None of These

230. Which of the following is not required for opening a bank account:a) Identity Proofb) Domicile Certificatec) Recent Photographsd) None of These

231. In the summit of which of the following organizations/group of nations it was decided that allmembers should enforce budget discipline:a) OPECb) G - 8c) European Uniond) None of These

232. Which of the following is a retail banking product?a) Home Loansb) Working capital financec) Corporation term loansd) None of These

233. Which of the following is not a Money Market Instrument?a) Treasury Billsb) Commercial Paperc) Equity Sharesd) None of These

234. Which of the following is NOT a Member of G - 8?a) Canadab) India





c) Russiad) India

235. An apex banking institution is:a) Industrial Development Bank of Indiab) State Bank of Indiac) NABARDd) All of Abovee) None of These

236. The headquarters of UNESCO is located at:a) Washingtonb) Parisc) Italyd) None of These

237. Powered by Intellect, Driven by Values is the tag line of:a) IBMb) WIPROc) Infosysd) None of These

238. Which of the following is not included in e - banking?a) Automated teller machineb) Credit cardc) Net bankingd) None of these

239. RBI is lender of last resort which reveals:a) RBI advances money to public whenever there is any emergencyb) Commercial banks give fund to the RBIc) RBI advances necessary credit against eligible securities to financial institutionsd) All of the abovee) None of the above

240. Merchant Banking comes into existence in India in:a) 1971b) 1964c) 1965d) 1967e) None of These

241. Name of the bank which first time introduce the merchant banking in India is:a) Imperial Bank of Indiab) Grindlays Bankc) United Bankd) London Banke) None of These

242. State Bank of India started the Merchant Banking division in:a) 1970b) 1972c) 1974d) 1975e) None of These





243. Merchant Banks do not deals in:a) providing services for mergers and acquisitionsb) regular banking services to the general publicc) long term loans for companiesd) stock underwritinge) None of These

244. Group of people such as workers who pool their money together for savings and to make loanis called a:a) Loan Providerb) Credit Unionc) Labour Uniond) State of Loan Unione) None of These

245. Public Sector Banks refers to:a) More people visit these banksb) RBI or Government of India or both have at least 51% shares in the Bankc) Bank run by the government having the directors elected by the publicd) All of the Abovee) None of These

246. Largest Public Sector Bank in India is:a) Allahabad Bankb) ICICIc) Punjab National Bankd) State Bank of Indiae) None of These

247. Public Sector Banks Includes:a) 20 Nationalized Banks + 5 SBI Associates + IDBIb) 20 Nationalized Banks + SBI + 7 Private Banksc) 19 Nationalized Banks + SBI + Private Sector Banks +IDBId) 19 Nationalized Banks + SBI + 5 SBI Associates + IDBIe) None of These

248. Name of the commission which distributes the taxes between center and states:a) National Development Councilb) Finance Commissionc) Direct Tax Commissiond) Planning Commissione) None of These

249. The term not related to economics is:a) Consumer Surplusb) Law of Motionc) Law of Demandd) Diminishing Marginal Utilitye) None of These

250. In India, all external payments are channeled through the:a) Government of Related Statesb) SBIc) RBI





d) EXIMe) None of These

251. Industrial Exit refers to:a) Allowing Business Units to close downb) Forcing foreign companies to leave Indiac) Allowing manufacturers to shift their line of productsd) All of Abovee) None of These

252. 3 Years ban on which of these Real Estate majors has been put by SEBI:a) ANOS Real Estatesb) DLFc) SUPERTECHd) GMLe) None of These

253. Example of non-commercial bank is:a) Loan to BPL familiesb) Agricultural Loanc) Loan to SC and ST Communitiesd) All of Abovee) None of These

254. Loan taken for not doing a business, usually called:a) Non Commercial Loanb) Virtual Loanc) Commercial Loand) Individual Group Loane) None of These

255. Loan taken by the person, not telling the purpose of taking loan is called:a) Non - Personal Loanb) Hidden Loanc) Concealed Loand) Personal Loane) None of These

256. Which of the following will set up core banking infrastructure for rural banks:a) NABARDb) RBIc) SIDBId) SBIe) None of These

257. UNCTAD stands for:a) United Nations Conference on Trade and Dealingb) Unit National Conference on Trade and Developmentc) United Nations Conference on Trade and Developmentd) Unique Nations Conference on Trade and Developmente) None of These

258. Name of the first bank to receive approval for getting full bank licence in Singapore is:a) Punjab National Bankb) Syndicate Bank





c) State Bank of Indiad) Axis Banke) None of These

259. "Rupiya" in our country was introduced by:a) Akbarb) Prithvi Raj Chouhanc) Chandra GuptMoryaad) Sher Shah Surie) None of These

260. NHB stands for:a) Non - Housing Bankb) National Housing Bankc) Notified Housing Bankd) None of These

261. National Housing Bank was founded on:a) 9 July, 1988b) 19 July, 1989c) 8 July, 1985d) None of These

262. Headquarter of National Housing Bank situated at:a) Mumbaib) New Delhic) Hyderabadd) None of These

263. The bank which refinance the loans given to poor and weaker sections to construct or buyhouses is:a) SIDBIb) SBIc) NHBd) None of These

264. Reserve Bank of India was set up on the recommendations of which of the followingcommission/committee:a) D R Mehta Commissionb) Basel Committeec) Royal Commission on Indian Currency and Financed) None of These

265. The designer of Indian Rupee Sign is:a) Hitendra Swamib) Udaya Kumar Dharmalingamc) PandurangaKumarlingamd) None of These

266. Number of different denomination notes issued by RBI :-a) 10b) 9c) 11d) None of These





267. SME standds for:a) Small and Medium Enterprisesb) Selling and Marketing Establishmentc) Sales and Marketing Entityd) None of These

268. Slogan of Bank of Baroda is:a) The Bank You can Name uponb) India's International Bankc) India's Multinational Bankd) None of These

269. CEPI stands for:a) Council of Environmental Pollution of Indiab) Center for Environmental Pollution In Indiac) Comprehensive Environmental Pollution Indexd) None of These

270. The securitization and Reconstruction of Financial Assets and Enforcement of SecuritiesInterest Act (SARFAESI) meant recovery of loans which have become NPA is not applicableto:a) Financial Institutes of Governmentb) Non - Banking Financial Companiesc) Small & Cooperative Banksd) None of These

271. CRYPTO-CURRENCY is:a) Currency of A Countryb) Digital Medium of Exchangec) Plastic Moneyd) None of These

272. FATF stands for:a) Financial Access to Farmersb) Funding and Trading Federationc) Financial Action Task Forced) None of These

273. INDIA become the member of FATF in:a) 2009b) 2010c) 2014d) None of These

274. "Microcredit" refers to:a) Installments given by farmers against loansb) Small credit given to poorc) Credit given by government to improve industrializationd) None of These

275. Which year was declared as the 'International Year of Microcredit' by United Nations:a) 2005b) 2004c) 2011d) None of These





276. Financial Inclusion is:a) Delivery of banking services at an affordable cost to weaker sectionsb) Delivery of financial services at an affordable cost to weaker sectionsc) Social responsibility of banking and government systemd) All of Abovee) None of These

277. CGC stands for:a) Credit Guarantee Centerb) Consumable Goods Commissionc) Credit Guarantee Corporationd) None of These

278. DICGC stands for:a) Department Intelligence in Credit Guarantee Corporationb) Deposit Insurance and Credit Guarantee Corporationc) Depository Insurance and Consumable Goods Commissiond) None of These

279. Which of the following is correct:a) Bank don't manufacture products or extract natural resources from earthb) A bank is a businessc) Bank sell financial services such as loans, home mortgage Loans, business loans, checkingaccounts, credit card services, certificates of deposit and individual retirement accounts.d) All of Abovee) None of These

280. BSBDA stands for:a) Bank Savings and Basic Dearness Allowanceb) Basic Savings Bank Deposit Accountc) Banking of Specific Board Departmental Associationd) None of These

281. When a person publicly announces that he can not repay loans, it is called _______ inbanking language:a) Poor Credit worthinessb) Bankruptcyc) Willful Defaulterd) None of These

282. 'Swabhiman' the financial inclusion scheme, comes under the purview of which minsitry:a) Ministry of External Affairsb) Ministry of Financec) Ministry of Home Affairsd) None of These

283. Unrestricted exchange of goods and services is called:a) Open Tradeb) Independent Tradec) Free Traded) None of These

284. In a company, the use of sensitive corporate information by the company people to makegains or cover loss known as:





a) Technical Tradingb) Insider Tradingc) Future Tradingd) None of These

285. IFRS stands for:a) Indian Financial Reporting Standardsb) International Financial Reporting Standardsc) International Financial Regulations Systemsd) None of These

286. "The Bank that Begins With U" is slogan of:a) UCO Bankb) United Bank of Indiac) Union Bankd) None of These

287. World Bank referred to as:a) Industrial Development Bank in Indiab) International Monetary Fundc) International Bank of Reconstruction and Developmentd) None of These

288. "Honors Your Trust" is slogan of:a) IDBIb) UCO Bankc) Axis Bankd) None of These

289. FIMMDA stands for:a) Foreign Income Monetary Markets Derivatives Associationb) Finance In Money Markets and Derivatives Associationc) Fixed Income Money Markets and Derivatives Associationd) None of These

290. AMFI stands for:a) Association of Monetary Finance Indexb) Association of Mutual Funds in Indiac) All Mutual Funds Institute of Indiad) None of These

291. The 'Food For Work' program was renamed as:a) MNREGA (Mahatma Gandhi National Rural Employment Guarantee Association)b) National Rural Employment Programc) Rural Development Programd) None of These

292. The higher denomination banknotes in Rs. 1,000 ,Rs. 5,000 , Rs. 10,000 were reintroducedby RBI in the year:a) 1950b) 1964c) 1954d) None of These

293. The denomination of Rs. 1,000 ,Rs. 5,000 , Rs. 10,000 were again demonetized by RBI in:





a) 1970b) 1978c) 1984d) None of These

294. The highest denomination note of Rs. 10,000 was printed first time by RBI in:a) 1945b) 1938c) 1954d) None of These

295. Which of the following is very near to "Soiled Note":a) Old Notes which can not circulate among peopleb) The note which as become dirty due to usage and also include a two piece note pastedtogether by gum etc.c) Notes which are outdatedd) None of These

296. Number of Language appearing on Bank notes are:a) 18b) 15c) 19d) None of These

297. Which language is prominently displayed in the center where other languages are alsoappeared in the note:a) Urdub) Hindic) Gujaratid) None of These

298. _______ language is appeared on the reverse of the banknote:a) Punjabib) Hindic) Englishd) None of These

299. The Full Form of GAAR is : ?General Anti Avoidance Rules

300. Minimum and Maximum limits for RTGS?Minimum 2 Lakh, Maximum No Limit

301. What is a Prime Lending Rate ?The rate at which banks lend to their best (prime) customers. It is usually less than normalinterest rate.

302. Define Call Money?When money is borrowed or lent for a day, it is known as Call (Overnight) Money

303. Cheque is a ___ instrument?Negotiable

304. Full Form of ATM?Automated Teller Machine





305. IFSC code consist of _____ character?11

306. CRISIL is a?Credit rating agency

307. Headquarter of Allahabad Bank is?Kolkata, West Bengal

308. The extended date for pre-2005 bank notes?31.12.2015

309. Who is the president of BRICS Bank?K.V. Kamath

310. Define Self Cheque?A self cheque is written by the account holder as pay self to receive the money in the physicalform from the branch where he holds his account

311. What is an open Market Operations?An open market operation is an instrument of monetary policy which involves buying orselling of government securities from or to the public and banks

312. Define Endorsement?When a Negotiable Instrument contains, on the back of the instrument an endorsement, signedby the holder or payee of an order instrument, transferring the title to the other person, it iscalled endorsement

313. Is there any minimum and maximum cash withdrawal limit per day?Yes broadly the withdrawal limits are set by the card issuing banks. This limit is displayed atthe respective ATM locations.

314. What is the full form of NPS?National Pension Scheme

315. NBFC deals in?Providing banking services

316. Who is the author of the book My years with Rajiv and Sonia?R.D. Pradhan

317. The Mutual funds in India follow accounting standards laid by?SEBI

318. Interest on savings account is calculated on which basis?Daily basis

319. What is the full form of IFSC?Indian Financial System Code

320. SBI launched minor a/c for childern above 10 years named as?PehliUdaan

321. Mutual funds regulated by?





SEBI

322. Full form of GSLV?Geo-Synchronous Launch Vehicle

323. HDFC erdo is which type of company?General Insurance Company

324. SEBI is which kind of body?Market Regulating Body

325. There are how many digits in MICR?9

326. What is recession?A period of temporary economic decline, generally identified by a fall in GDP in twosuccessive quarters

327. BSBDA stands for?Basic Savings Bank Deposit Account

328. RBI established and nationalized in?Established in 1935, Nationalized in 1949



Banking Awareness Question Bank v2

By Ramandeep Singh Page 2

S. NO. TOPICS PAGE NO.1. History of Banking 2 - 42. Reserve Bank of India 4 - 73. NABARD 7 – 104. IRDA 10 - 125. BIS 12 - 156. International Organizations 16 - 187. National Housing Bank 19 - 218. Credit/Debit Cards 21 - 249. Fiscal Policy 24 - 2710. ATM 27 - 3011. Banking OMBUDSMAN (Part 2) 30 - 3312. Letter of Credit 33 - 3613. WTO 36 - 3914. World Bank 39 - 4215. Allahabad Bank 42 - 4516. Syndicate Bank 45 – 4817. Oriental Bank of Commerce 48 - 5118. Axis Bank 51 – 5419. Punjab & Sind Bank 55 – 5820. Bank of Baroda 58 – 6021. ICICI Bank 60 – 6322. PNB 63 – 6623. United Bank of India 66 – 6924. Vijaya Bank 69 - 7225. ICICI Bank 72 – 7526. Credit/Debit Cards (Part 2) 75 – 7827. Canara Bank 78 – 8128. Mixed Topics 81 - 121





HISTORY OF BANKING

Q1. First Bank established in India was:a) Bank of India

b) Bank of Hindustanc) General Bank of India

d) None of The Above

Q2. Bank of Hindustan was established in ____:a) 1700

b) 1770c) 1780


Q3. Which among the following is correct regarding Bank of Hindustan:a) The bank was established at calcutta under European management.

b) It was liquidated on 1829 - 32.

c) Both of Aboved) None of The Above

Q4. ______bank was established in 1786:a) General Bankb) Reserve Bank of India

c) Bank of Bengal


Q5. The Largest and Oldest Bank, still in existence is:a) Punjab National Bank

b) Reserve Bank of India

c) State Bank of Indiad) None of The Above

Q6. Which among the following is correct:a) State Bank of India originated as the Bank of Calcutta in June 1806.

b) "Bank of Calcutta" was renamed as "Bank of Bengal".






Q7. Which among the following banks form the "Imperial Bank of India" in 1921:a) Bank of Bombay

b) Bank of Madras

c) Bank of Bengal

d) All of the Abovee) None of The Above

Q8. Reserve Bank of India was established under which among the following act:a) Reserve Bank of India Act 1930

b) Reserve Bank of India Act 1921

c) Reserve Bank of India Act 1934d) None of The Above

Q9. RBI was established in:a) 1 April, 1940

b) 1 April, 1935c) 1 April 1948


Q10. In which year, SBI was given control of 8 state associated banks under theState Bank of India (Subsidiary Banks) Act, 1959:a) 1965

b) 1975

c) 1960d) None of The Above

Q11. When was the first nationalization of many banks were conducted:a) 19 August, 1969

b) 19 October, 1969

c) 19 July, 1969d) None of The Above





Q12. How many banks were nationalized as on 19 July, 1969:a) 15

b) 13


Q13. Second Time Nationalization of more than 5 banks were conducted in:a) 1975

b) 1980c) 1985


Q14. In 1980, how many banks were nationalized:a) 5

b) 7


Q15. Scheduled Banks are classified into:a) State Bank of India and Its Associates

b) Nationalized Banks

c) Regional Rural Banks (RRB)

d) Foreign Banks)

e) All of the Abovef) None of The Above

Reserve Bank of India SpecialQ16. Which of the following is correct:a) Reserve Bank of India Act, 1935

b) Reserve Bank of India Act, 1934c) Reserve Bank of India Act, 1930

d) None of These

Q17. The Central Office of the Reserve Bank was initially established in ______:a) Indore





b) Delhi

c) Calcuttad) None of These

Q18. The Central Office of the Reserve Bank of India is now located at:a) Mumbaib) Hyderabad

c) New Delhi

d) None of These

Q19. The Central Office of the Reserve Bank was permanently moved to Mumbai in_____:a) 1934

b) 1937c) 1935

d) None of These

Q20. Which among the following is correct about The Central Office of RBI:a) Where Governor Sits

b) Where only Policies are formulated

c) Both of Aboved) None of These

Q21. When RBI came into existence on 1-4-1935, it was:a) Privately Ownedb) Governmental Ownedc) Privately + Governmental Ownedd) None of These

Q22. Reserve Bank is fully owned by the Government of India since nationalizationin:a) 1950b) 1949c) 1965d) None of These

Q23. Management of RBI consists of (Regarding Governor and Deputy Governors):a) 1 Governor + 3 Deputy Governorb) 1 Governor + 4 Deputy Governor





c) 1 Governor + 5 Deputy Governord) None of These

Q24. Current Governor of RBI is:a) Arundhati Bhattacharyab) Raghuram Rajanc) U. K. Sinhad) None of These

Q25. BFS stands for:a) Bureau of Financial Supervision

b) Board for Financial Supervisionc) Bi-Lateral Financial System

d) None of These

Q26. The BFS was constituted in:a) December 1994

b) November 1994c) September, 1994

d) None of These

Q27. Which among the following is correct about objectives of BFS:a) To undertake cosolidated supervision of the financial sector

b) Financial Sector comprising commercial banks, financial institutions and non-banking

finance companies


Q28. The BFS's board member are appointed for term of :a) 2 yearsb) 3 years

c) 4 years

d) None of These

Q29. The member of BFS board is chaired by:a) Any Deputy Governor

b) Governor





c) Deputy Governor appointed by Governor

d) None of These

Q30. The Deputy Governor in charge of banking regulation and supervision, isnominated as the ________of the (BFS) board:a) Head

b) Vice-Chairmanc) President

d) None of These

NABARD SPECIAL

Q31. NABARD stands for:a) National Bank for Agriculture and Research Development

b) National Bank for Analysis of Rural Development

c) National Bank for Agriculture and Rural Developmentd) None of The Above

Q32. 'NABARD' came into existence on:a) 8th July, 1982

b) 19th July, 1982

c) 12th July, 1982d) None of The Above

Q33. ARDC stands for:a) Agriculture Refinance and Development Corporationb) Agriculture Research and Development Commission

c) Agriculture Research and Development Corporation


Q34. 'NABARD' was dedicated to which among the following Prime Ministers:a) Gulzari Lal Nanda

b) Indira Gandhic) Shri Lal Bahadur Shastri






Q35. 'NABARD was dedicated to the service of the nation by the late PrimeMinister Smt. Indira Gandhi on:a) 5 November, 1982b) 10 November, 1982

c) 1 December, 1982


Q36. NABARD was set up with an initial capital of ______:a) Rs. 50 Crore

b) Rs. 100 Crorec) Rs. 200 Crore


Q37. Chairman of 'NABARD' is:a) Manish Kumar Bhanwala

b) Harsh Kumar Bhanwalac) Sanjay Kumar Bhanwala


Q38. Headquarter of 'NABARD' is located at:a) Mangalore, Karnataka

b) Mumbai, Maharashtrac) New Delhi


Q39. NABARD was established on the recommendations of :a) Shivaraman Committeeb) Malhotra Committee

c) Kumarmangalam Committee


Q40. ________ is the apex institution in the country which looks after thedevelopment of the cottage industry, small industries, village industries and otherrural industries:a) NABARDb) SEBI





c) SIDBI


Q41. NABARD was set up essentially as a development bank for promoting:a) Agriculture Development only

b) Rural Development only

c) Both of The Aboved) None of The Above

Q42. The main function of NABARD is to provide refinance for rural creditdisburse by the_______and other financial institutions as may be approved by theReserve Bank of India:a) State Co-operative Banks

b) The Regional Rural Banks

c) State Co-operative Banks and The Regional Rural Banksd) None of The Above

Q43. Which among the following functions of NABARD is incorrect:a) Providing finance and also refinance for production and marketing in the rural areas

b) Coordination and advising the operations of institutions engaged in rural credit

c) Promoting research in agriculture and rural development

d) All of The Above

e) None of The Above

Q44. CSR stands for:a) Customer Satisfaction Responsibility

b) Corporate Social Responsibilityc) Corporate Social Reforms


Q45. Which among the following is considered as 100% CSR company:a) SDB (Small Development Banks)

b) NABARDc) RRBs (Regional Rural Banks)






IRDA

Q46. IRDAI stands for:a) Insurance Regulatory and Development Authority of Indiab) Investment Regulatory and Development Authority of India

c) Insurance Reforms and Development Authority of India


Q47. Headquarter of IRDAI is located at:a) Hyderabadb) New Delhi

c) Mumbai


Q48. IRDAI is an autonomous body set up under the _______:a) IRDA Act, 1999b) IRDA Act, 2000

c) IRDA Act, 1995


Q49. Which among the following is correct about IRDA's mission:a) To protect the interest of policy holders

b) To regulate and develop the insurance industry


Q50. Chairman of IRDAI is:a) Ujwal Bir Singh

b) Rakesh Sethi

c) T.S. Vijayand) None of The Above

Q51. Initially, head office of IRDAI was at:a) Delhib) Mumbai

c) Gujarat






Q52. Head office of IRDAI was transferred from Delhi to Hyderabad in ______:a) 2002

b) 2004


Q53. Now the FDI limit in insurance sector is______:a) 47%

b) 49%c) 50%


Q54. Who announced the term insurance repository system in India:a) Prime Minister

b) Finance Ministerc) T.S. Vijayan


Q55. Insurance Repository is:a) It is a facility to help policy holders.

b) It provides the facility, buy and keep insurance policies in electronic form rather than as a

paper document

c) Insurance repositories like share depositories or mutual fund transfer agencies will hold

electronic records of insurance policies issued to individuals and such policies are called

"electronic policies" or "e - policies"

d) All of The Abovee) None of The Above

Q56. In 1818, _________company was established:a) Oriental Life Insurance Companyb) Britain Insurance Company

c) Standard Insurance Company Limited






Q57. Oriental Life Insurance company was established at:a) Delhi

b) Lahore

c) Calcuttad) None of The Above

Q58. An Ordinance was issued on ________nationalizing the Life insurancesector:a) 19 July, 1956

b) 19 January, 1956c) 2 October, 1956


Q59. Life Insurance Corporation (LIC) was came into existence in_______:a) 1955

b) 1956c) 1957


Q60. Which among the following is correct about LIC's absorption:a) 154 Indian insurers

b) 16 non - Indian Insurers and 75 provident societies

c) 245 Indian and foreign insurers in all


BIS

Q61. BIS stands for:a) Bank Information Settlements

b) Bank for International Standardization

c) Bank for International Settlementsd) None of The Above

Q62. Head office of BIS is situated at:a) Geneva, Switzerland

b) Basel, Switzerland





c) Amsterdam, Netherlands

d) None of The Above( Point to be Remember - Geographical name of Netherlands is Holland Like India is Bharat)

Q63. The Two representative offices of BIS are situated at:a) Hong Kong and Mexico Cityb) New Delhi and Islamabad

c) Washington D.C. and Nairobi


Q64. Which among the following is mission of BIS:a) fostering discussion and facilitating collaboration among central banks

b) supporting dialogue with other authorities that are responsible for promoting financial

stability

c) carrying out research and policy analysis on issues of relevance for monetary and financial

stability

d) acting as a prime counter party for central banks in their financial transactions

e) Serving as an agent or trustee in connection with international financial operations

f) All of the Aboveg) None of The Above

Q65. Actually BIS was established on:a) 17 May, 1930b) 17 May, 1931

c) 17 May, 1932


Q66. The number of central banks which are member of BIS are ______:a) 70

b) 60c) 80


Q67. Which among the following is not the member of BIS:a) Sri Lanka

b) Pakistan





c) Nepal

d) Bangladesh

e) All of The Abovef) None of The Above

Q68. BIS was established due to:a) The Bretton Woods Conference of 1930

b) The Hague Agreements of 1930c) Both of The Above


Q69. SDR stands for:a) Specific Draft Rights

b) Special Deposits Rights

c) Special Drawing Rightsd) None of The Above

Q70. Since ______, the BIS has published its accounts in terms of special drawingrights (SDRs):a) 2005

b) 2004c) 2006


Q71. ______is known as bank for central banks:a) BISb) World Bank

c) IMF


Q72. Which among the following is correct about BIS:a) BIS does not provide financial services to Individuals

b) BIS does not provide financial services to Corporations





c) BIS was created to administer the transaction of monies according to the Treaty of Versailles


Q73. General Manager of BIS is:a) Christine Medeleine Odette Lagarde

b) Jaime Caruanac) Jim Yong Kim


Q74. In _______the Basel Committee on Banking Supervision proposed a newcapital adequacy framework to replace the current Basel Accord:a) June, 1999b) June, 2000

c) June, 2001


Q75. After replacing the current Basel Accord in June 1999 which was the newpillar for proposed framework:a) Minimum Capital Requirements

b) Supervisory Review

c) Market Discipline


INTERNATIONAL ORGANIZATIONS

Q76. GATT stands for:a) General Agreement on Tariffs, Tradition and Trade

b) General Agreement on Tradition and Trade

c) General Agreement on Tariffs and Traded) None of The Above





Q77. Now, headquarter of WTO is located at:

a) Washington. D.C.

b) Geneva, Switzerland

c) Willington, New Zealand


Q78. Headquarter of World Bank is situated at:

a) Washington D.C.

b) Jeneva

c) Luanda


Q79. The number of member nations of WTO as on April, 2015 were:

a) 161

b) 151

c) 171


Q80. Which among the following is not an agency of United Nations:

a) International Monetary Fund

b) International Bank for Reconstruction and Development

c) World Trade Organization


Q81. First Indian Train having ISO 9001 certificate runs between ______:

a) Hazrat Nizammuddin - Agra Cantt

b) Hazrat Nizammudin Habeebganj (Bhopal)

c) Delhi - Kolkata - Mumbai - Kota


Q82. "Food for Work Program" was renamed as _______:





a) RLEGP

b) IRDP

c) NREP

d) MNP


Q83. Which sector has the maximum quantum of disguised unemployment inIndia:

a) Agriculture

b) Industry

c) Trade

d) Transport


Q84. Golden Bond Scheme was introduced introduced in the budget proposal of

______:

a) 1991 - 92

b) 1992 - 93

c) 1993 - 94

d) 1994 - 95


Q85. The Headquarter of SIDBI is located at:

a) Lucknow

b) New Delhi

c) Mumbai

d) Bangalore


Q86. Industrial Reconstruction Bank of India (IRBI) was established in:

a) 1975

b) 1985

c) 1990





d) 1992


Q87. IMF was established on:a) 30 Novemberr, 1948

b) 27 December, 1945c) 19 July, 1947


Q88. Headquarters of IMF is located at:a) Washington D.C.b) Jeneva

c) London


Q89. Which among the following is correct:

a) IMF was formed in 1944 at the Bretton Woods Conference.

b) IMF came into formal existence in 1945 with 29 member countries.

c) Both of The Above


Q90. _____was the first country to borrow from IMF:

a) France

b) India

c) Germanyd) None of The Above

National Housing Bank SpecialQ91. NHB stands for:a) National Housing Business

b) National Housing Bankc) Non - Housing Bank






Q92. National Housing Bank was set up on ______:a) 9 July, 1987

b) 9 July, 1986

c) 9 July, 1988d) None of The Above

Q93. National Housing Bank was set up on July 9, 1988 under which among thefollowing acts:a) National Housing Bank Act, 1985

b) National Housing Bank Act, 1986

c) National Housing Bank Act, 1987d) None of The Above

Q94. _____is an apex financial institution for housing:a) RBI

b) SBI

c) NHBd) None of The Above

Q95. The Head Office of National Housing Bank is at:a) Kolkata

b) Bangalore

c) New Delhid) Mumbai


Q96. National Housing Bank is wholly owned by _____, which contributed theentire paid-up capital:a) Securities and Exchange Board of India

b) Reserve Bank of Indiac) State Bank of India






Q97. NHB has been established with an objective to:a) Operate as a principal agency to promote housing finance institutions

b) promote housing finance institutions both at local and regional levels

c) provide financial and other support incidental to such institutions and for matters connected

therewith


Q98. _______is the Managing Director and Chief Executive Officer of NHB now:a) Raghu Ram Rajan

b) Sriram Kalyanaramanc) Urjit Patel


Q99. HFC stands for:a) Housing Finance Companyb) Housing Finance Corporation

c) Housing Federation of Commerce


Q100. NHB issued Directions, 2001 main emphasis on:a) Portfolio Managment

b) Asset Liability Managementc) Housing for Rural citizen


Q101. _______plays the vital role in setting up of National Housing Bank:a) K. R. Puri

b) Dr. Manmohan Singh

c) C. Rangarajand) None of The Above

Q102. According to 'Housing For All' scheme, main emphasis is to provide housesto:a) Rural Citizens

b) Urban Citizens







Q103. Housing For All - Main focus is to provide affordable houses to urban poorranging from Rs. _______to _______ per house:a) 1,00,000 and 2,30,000b) 1,00,000 and 2,50,000

c) 1,00,000 and 3,00,000


Q104. The main objective of 'Housing For All' scheme is to promote slum free citiesby:a) 2020

b) 2022c) 2025


Credit/Debit CardsQ105. Credit Cards are a convenient substitute for _____:a) Cash

b) Cheque


Q106. Credit Card is an essential component of :a) Electronic Commerce

b) Internet Commerce


Q107. Credit Card can be issue by:a) Bank only

b) Stores only

c) Service Provider (e.g. Airline)

d) All of The Above






Q108. Credit Cardholders normally must pay for credit card purchases within_____days of purchase:a) 30 daysb) 15 days

c) 45 Days


Q109. Top 5 credit cards issuer in India are:a) PNB, SBI, ICICI, Standard Chartered Bank, Allahabad Bank

b) American Express, Citi Bank, PNB, SBI, Andhra Bank

c) ICICI, HDFC, SBI, Citi Bank, American Expressd) None of The Above

Q110. Which among the following is incorrect about Credit Cards:a) Credit cards offer the easiest ways to borrow money

b) It is beneficial for short term borrowing

c) If a person cannot afford to pay balances in full before the due date, he is shooting himself in

the foot by borrowing on the card


Q111. Interest is charged on credit cards:a) Yesb) No

c) None of The Above

Q112. The concept of using a card for purchases was described in ___:a) 1855

b) 1887c) 1877






Q113. The term credit card was first time used by:a) Edward Binni

b) Edward Bellamyc) Edward Bamulson


Q114. Which among the following is correct about the Grace Period:a) the time in which cardholders has to pay the balance before interest is assessed on the

outstanding balance

b) Grace period may vary, but usually range from 20 to 55 days depending on the type of credit

card and the issuing bank

c) All of The Aboved) None of The Above

Q115. If a cardholder is late paying the balance, finance charges will be calculatedand the grace period _____:a) Start apply

b) does not applyc) None of The Above

Q116. Business Credit Cards are:a) Specialized credit cards issued in the name of a registered business

b) can be used only for business purpose.


Q117. Compared to debit cards and cheques, a credit card allows:a) small short-term loans to be quickly made to cardholder

b) small short term loans are made to cardholder and he need not calculate a balance remaining

before every transaction

c) total charges do not exceed the maximum credit line for the card






Q118. NPCI stands for:a) National Commission for Payment Information

b) National Payment Corporation of Indiac) National Payment Commission of India


Q119. Which among the following is correcta) RuPay is a combination of two words - Rupee and Payment

b) RuPay Card is an Indian version of credit/debit card

c) RuPay Card is very similar to international card such as Visa/Master


FISCAL POLICY

Q120. Fiscal Policy deals with the ______and ______decisions of thegovernment:a) Incomes and Expenditures

b) Taxation and Expendituresc) Trading and Expenditures

d) None of These

Q121. In most modern economies, the government deals with fiscal policy whilethe ________is responsible for monetary policy:a) Government

b) SEBI

c) Central Bankd) None of These

Q122. Fiscal Policy is composed of several parts which includes:a) Tax Policy and Expenditure Policy

b) Investment or Disinvestment Strategies

c) Debt or Surplus Management

d) All of the Abovee) None of These

Q123. Find out the incorrect among following:





a) When the government receives more than it spends, it has a surplus

b) If the government spends more than it receives it runs a deficit

c) On a broad generalization, excessive printing of money leads to inflation

d) All of the above

e) None of These

Q124. Which among the following is incorrect:a) The Gross Fiscal Deficit (GFD) of government is the excess of its total expenditure, current

and capital including loans net of recovery, over revenue receipts (including external grants) and

non - debt capital receipts

b) The Net Fiscal Deficit is the Gross Fiscal Deficit reduced by net lending by government

c) The Gross primary deficit is the GFD less interest payments

d) Primary Revenue Deficit is the revenue deficit less interest payments

e) All of the Above

f) None of These

Q125. If budget constraint stands in present value terms, then fiscal policy may beconsidered as____:a) Stagnant

b) Sustainablec) Escaped

d) None of These

Q126. Fiscal Sustainability is essential to:a) Motivate both public and private sector to grow

b) Allows governments to be autonomous to witness excellent economic growth in the long run.

c) Consider both revenue collections and potential variation in expenditure patterns so that

demand may be fulfilled in the long run.


Q127. DTC stands for:a) Direct Tax Codeb) Direct Tax Control

c) Direct Tax Centre





d) None of These

Q128. FRBM stands for:a) Fiscal Revenue Budget Management

b) Fiscal Responsibility and Budget Managementc) Fiscal Reforms and Budget Management

d) None of These

Q129. Fiscal Policy comprises of three positions - Neutral Position, ExpansionaryPosition, Contractionary Position. Find out the wrong definition among thefollowing:a) Neutral Position - It applies when the budget outcome has neutral effect on the level of

economic activity where the government spending is fully funded by the revenue collected from

the tax.

b) Expansionary Position - It is position when there is a higher budget deficit where the

government spending is higher than the revenue collected from the tax.

c) Contractionary Position - It s a position when there is a lower budget deficit where the

government spending is lower than the revenue collected from the tax

d) All of the Above

e) None of These

Q130. Which of the following definitions are wrong about Revenue Receipts:a) Revenue Receipts consists of revenue from regular sources like Taxation revenues e.g.

receipts from corporate tax, income tax, excise tax, excise duty, custom duty, service tax etc.

b) Non tax revenue which include interest on loans, dividends from public sector units, Fees and

Stamp Duties

c) Both of Above

d) None of These

Q131. Which of the following definitions are correct about Capital Receipts:a) Capital receipts refers to those inflows to government that are not in the nature of regular

income.

b) Other receipts like Disinvestment (selling some shares of a PSU) comes under capital receipt






Q132. _______are on going expenditure not covered under the 5 - year plans:a) Plan Expenditure

b) Non Plan Expenditurec) Both of Above

d) None of These

Q133. For stepping up the rate of economic development ______plans have beenformulated:a) 3 Years

b) 5 yearsc) 10 Years

d) None of These

Q134. The objectives of fiscal policy such as economic development, price stability,social justice etc. can be achieved only if the which of following tools of policy areeffectively used:a) Public Expenditure and Taxation

c) Borrowing and Deficit Financing


ATM’S

Q135. Inventor of ATM was:a) Ian Luther Steward

b) David Block

c) John Adrian Shepherd Barron (A Britisher)d) None of These

Q136. Inventor John Shepherd Barron installed the worlds's first automatic cashdispenser at a ______near London:a) London Bank Branch

b) Barclays Bank Branchc) Royal Grand Federal Bank Branch

d) None of These





Q137. ATM machine was invented in the year _____:a) 1967b) 1968

c) 1969

d) None of These

Q138. The Machine was called as:a) De La Rue Automatic Cash System

b) DACS


Q139. _____was the first bank to Introduce the ATM concept in India:a) HSBCb) SBI

c) Standard Chartered Bank

d) None of These

Q140. HSBC introduced the ATM concept in India in:a) 1988

b) 1987c) 1989

d) None of These

Q141. World's Highest ATM is located at:a) Sikkimb) Leh

c) Ladakh

d) None of TheseOn 12 December, 2003 UTI Bank inaugurated its ATM at Thegu, Near the Nathu - La pass inSikkin. The Height of ATM is near about 13,200 Feet above the sea level. The ATM is openedthere for the convenience of Indian Army Personnel of that area.

Q142. ATM stands for:a) Automated Teller Machine





b) Automatic Telling Machine

c) Automatic Taking Machine

d) None of These

Q143. White Label ATM means:a) The ATM that does not have any bank logo.b) The ATM carries logo of RBI

c) Both of Above

d) None of These

Q144. Which among the following is correct about the "White Label ATM":a) Any non bank entity with a minimum net worth of Rs. 100 crore can apply for white label

ATMs. (Not Just NBFCs, any non bank entity can apply)

b) White Label ATM does not carry any bank's logo.

c) RBI has given license/permission to non - bank entities to open White Label ATMs.

d) Sponsor Bank provides the cash.

e) None of These

f) All of the Above

Q145. The first company to get RBI's permission to open White Label ATMs is:a) Tata Communications Payment Solutions Limited (TCPSL)b) Muthoot Finance

c) Prizm Payments

d) AGS

e) None of These

Q146. TCPSL started their White Label ATMs chain under brand name______:a) Easecash

b) Indicashc) T - Cash

d) None of These

Q147. Which among the following is correct about Brown Label ATMs:a) These ATMs are owned and maintained by service provider.





b) Bank whose Brand name is used on ATM takes care of cash management and network

connectivity.


Q148. Which among the following definitions are correct:a) Online ATMS - These ATMs are connected to the bank's database at all times and provide real

time transactions online. The withdrawal limits and account balances are constantly monitored

by the bank.

b) Offline ATMs - These ATMs are not connected to bank's database hence they have a

predefined withdrawal limit fixed and you can withdraw that amount irrespective of the balance

in your account.

c) Both of the Aboved) None of These

Q149. Which among the following definitions of ATMs are incorrect:a) Onsite ATM - The ATMs installed within a branch premises.

b) Stand Alone ATM - The ATMs are not connected with any ATM network hence their

transactions are restricted to the ATM's branch and link branches only.

c) Both of Above

d) None of These

BANKING OMBUDSMAN (PART 2)

Q150. The Banking Ombudsman Scheme was introduced under:a) Banking Regulation Act, 1935

b) Banking Regulation Act , 1949c) Banking Regulation Act, 1985


Q151. The Banking Ombudsman Scheme was introduced under Section 35 A of theBanking Regulation Act, 1949 by RBI with effect from _______:a) 1992

b) 1993






Q152. The Banking Ombudsman Scheme was first introduced in India in 1995 andit was revised in ______:a) 2002b) 2004

c) 2006


Q153. Current Banking Ombudsman Scheme introduced in ________:a) 2004

b) 2005


Q154. Banking Ombudsman is appointed by __________:a) Central Finance Minister

b) Reserve Bank of Indiac) SEBI


Q155. Which among the following is incorrect:a) Banking Ombudsman is a senior official appointed by RBI.

b) The Offices of Banking Ombudsman is mostly situated at State Capitals.

c) All Scheduled Commercial Banks, Regional Rural Banks and Scheduled Primary Co-operative

Banks are covered under the Banking Ombudsman Scheme


Q156. Banking Ombudsman is appointed for:a) handling and redress banks complaints against customers' behavior

b) handling and redress customer complaints against deficiency in certain bankingservicesc) providing decision on important banking operations like - CRR, SLR and MSF etc.






Q157. Which among the following is suitable ground of complaint against banks toBanking Ombudsman:a) Charging any commission for acceptance of small denomination notes

b) Any delay in payment of inward remittances or non payment of inward remittances

c) Any excessive delay or non - payment of collection of cheques, drafts, bills etc.

d) If any banking organization refuses to accept taxes or any delaying in accepting taxes ( as

required by RBI or Government of India).

e) Any Delay in issuing Government Securities

f) All of The Aboveg) None of The Above

Q158. A bank customer can file a complaint against banking organization if reply isnot received from the bank within a period of _____after concerned bank hasreceived complaint representation:a) Two Months

b) One Monthc) Three Months


Q159. You can file a complaint to Banking Ombudsman if:a) If bank rejects the complaint

b) If bank show negligence for your complaint


Q160. If complainant is not satisfied with bank's reply can he file a complaint toBanking Ombudsman:a) Yesb) No

Q161. Banking Ombudsman charge ______fee for filing and resolving customer'scomplaints:a) Rs. 10,000

b) Rs. 5,000

c) No Fees charge






Q162. If any loss suffered by the complainant then complainant will get:a) Rs. 5,00,000 for any huge loss

b) Rs. 10,00,000 for any huge loss

c) amount arising directly out of the act or omission of the bank or Rs. 10,00,000,whichever is lowerd) None of The Above

Q163. If one party rejects the Banking Ombudsman's decision then:a) such party have to satisfied with Banking Ombudsman's decision only

b) such party can approach the appellate authority against the BankingOmbudsmen's decision.c) such party can approach the governor of RBI.


Q164. Appellate Authority is vested with a:a) Deputy Governor of RBIb) Head Governor of RBI

c) Finance Ministry


LETTER OF CREDIT

Q165. A ____ is a document from a bank guaranteeing that a seller will receivepayment in full as long as certain delivery conditions have been met:a) Agreement

b) Letter of Creditc) Bill Paper


Q166. Letter of Credit is used only for international trading payment operations:a) Yes

b) Noc) None of The Above





Q167. Most Letter of Credit often used in International Trade. Letters of Credit aregoverned by rules promulgated by the:a) International Chamber of Commerce

b) Uniform Customs and Practice for Documentary Credits


Q168. Letter of Credit is beneficial for which party:a) Seller (Exporter)

b) Buyer (Importer)


Q169. Sellers must trust that the bank issuing the letter of credit is valid, and thatthe bank will pay as agreed. If sellers have any doubts, they can use a ______letterof credit, which means that another (presumably more trustworthy) bank willguarantee payment:

a) Confirmed

b) Irrevocable

c) Revocable


Q170. Letter of Credit is essential. Which among the following functions is suitableregarding the requirement of letter of credit:

a) Importers and exporter regularly use letters of credit to protect themselves.

b) Working with an overseas buyer can be risky because you do not necessarily know who you'reworking with.

c) Buyer may be honest and have good intentions, but business troubles or political unrest candelay payment of seller.

d) Communication can be difficult across thousands of miles and different time zones.

e) All of The Above

f) None of The Above

Q171. Letter of Credit are usually issued by:





a) B1anks

b) Financial Institutions

c) Both of Above


Q172. Besides the Banks and Financial Institutions, Letter of Credit can be issueby:a) Insurance Companies

b) Mutual Funds


Q173. Which among the following definitions are wrong:a) Beneficiary - The company or individual who will receive the payment from buyer.

b) Issuing Bank - The bank which issues letter of credit to seller party

c) Advising Bank - (The bank where seller wants receipt of payment)

d) All of The Above


Q174. The bank with which credit is available (to seller) called ______:a) Delegated Bank

b) Nominated Bankc) Any Bank


Q175. If no bank is mentioned in the credit as nominated bank, then:

a) penalty can occur

b) all banks are nominated

c) cancellation of letter of credit


Q176. Which among the following is correct about term 'Revocable' in Letter ofCredit:





a) If buyer and Issuing Bank that established the Letter of Credit manipulate the Letter of

Credit.

b) Any corrections made without informing or getting permission from the seller.

c) All LCs are irrevocable (Type of LC is obsolete).


Q177. Which is correct about Irrevocable letter of credit:a) only allows change or cancellation of the letter of credit by issuing bank with approval by the

beneficiary.

b) All letters of credit governed by the current UCP are irrevocable letter of Credit.


Q178. Letter of Credit can be transferred:a) Yesb) No


Q179. A _____letter of credit allows the beneficiary to receive partial paymentbefore shipping the products or performing the services. Originally these termswere written in red ink, hence the name. In practical use, issuing banks will rarelyoffer these terms unless the beneficiary is very creditworthy or any advising bankagrees to refund the money if the shipment is not made:a) Simple

b) Red Clausec) Black


WTO

Q180. WTO stands for:a) World Territory Organization

b) World Trade Organizationc) World Task Organization






Q181. The WTO began life on _______:a) 1 January, 1994

b) 1 January, 1995c) 1 January, 1996


Q182. You heard about the term "GATT". The term "GATT" stands for:a) General Agreement on Tariffs, Tradition and Trade

b) Global Agreement on Tradition and Trade

c) General Agreement on Tariffs and Traded) None of The Above

Q183. GATT was signed by 23 nations in Geneva on October 30, 1947 and tookeffect on______:a) 1 January, 1949

b) 1 January, 1948c) 1 December, 1947


Q184. The WTO replaced GATT as the world's global trading body in _____:a) 1994

b) 1995c) 1996


Q185. The trading regulations of GATT were established between ______and_____:a) 1947 and 1994b) 1947 and 1995

c) 1946 and 1996


Q186. The second WTO ministerial meeting held in ______in May 1998 included acelebration of the 50th anniversary of the system:a) Geneva





b) Washington, D.C.

c) Nairobi


Q187. The last and largest GATT round, was the _____round:a) Tokyo Round

b) Geneva Round

c) Uruguayd) None of The Above

Q188. Headquarter of GATT was:a) Geneva, Switzerlandb) Nairobi, Kenya

c) Amsterdam, Netherlands


Q189. Now, headquarter of WTO is located at:a) Washington. D.C.

b) Geneva, Switzerlandc) Willington, New Zealand


Q190. Which among the following is the main pillars for the WTO:a) Agreement on Trade Related Aspects of Intellectual Property Rights (TRIPS)

b) General Agreement on Trade in Services


Q191. Which among the following is not an agency of United Nations:a) International Monetary Fund

b) International Bank for Reconstruction and Development

c) World Trade Organization






Q192. Which among the following are the functions of WTO:a) implementation of trade related rules

b) dispute settlement between trading countries

c) provide guidelines, rules and regulation regarding trade worldwide


Q193. ______is current and sixth director general of WTO:a) Jim Yong Kim

b) Roberto Azevedoc) Christine Madeleine Odette Lagarde


Q194. The number of member nations of WTO as on April, 2015 were:a) 161b) 151

c) 171


WORLD BANK

Q195. World Bank was comes into existence on:a) July, 1946

b) July, 1945

c) July, 1944d) None of The Above

Q196. Headquarter of World Bank is situated at:a) Washington D.C.b) Jeneva

c) Luanda






Q197. Member countries of 'World Bank' are:a) 185

b) 187


Q198. World Bank comprises of:a) International Bank for Reconstructions and Development

b) International Development Association


Q199. Which among the following is also part of World Bank Group:a) International Finance Corporation

b) Multilateral Investment Guarantee Agency (MIGA)

c) International Center for Settlement of Investment Disputes (ICSID)

d) All of The Aboved) None of The Above

Q200. The main focus of IBRD and IDA is on ___________:a) Developed Countries

b) Developing Countriesc) Both of The Above


Q201. President of World Bank is:a) Barack Obama

b) Jim Yong Kimc) Shinjo Chain


Q202. Jim Yong Kim appointed as the president of World Bank in:a) 2012b) 2014

c) 2015






Q203. Which among the following is correct about membership of 'World Bank':a) 188 Countries (187 UN countries and Kosovo)b) 188 Countries (187 UN countries and Monaco)

c) 188 Countries (187 UN countries and Vatican City)


Q204. World Bank Group get its formal existence on:a) 27 September, 1945

b) 27 October, 1945

c) 27 December, 1945d) None of The Above

Q205. The president is selected by the board of executive directors for a____year, renewable term:a) 5 Yearb) 3 Year

c) 4 Year


Q206. The Executive Directors make up the 'Board of Directors' of the WorldBank. They normally meet at least ______a week to oversee the bank's business,including approval of loans and guarantees, new policies, the administrativebudget, country assistance strategies and borrowing and financial decisions:a) Thrice

b) Twicec) Once


Q207. The president of World Bank between (June 1946 - December 1946) was:a) John J. McCloy

b) Eugene Meyerc) James Wolfensohn






Q208. Basic Purpose of World Bank is:a) Removal of Poverty from world

b) Provide Credit to Poor Countries and Developing Countries


Q209. Which among the following is not member of World Bank Group:a) Andorra

b) Cuba

c) Monaco

d) Liechtenstein

e) Nauru

f) North Korea

g) All of The Aboveh) None of The Above

ALLAHABAD BANK SPECIAL

Q210. Allahabad Bank was founded on_____ by a group of Europeans atAllahabad:a) July 19, 1865

b) October 2, 1865

c) April 24, 1865d) None of These

Q211. In 1923, the Head Office of the bank was shifted to ______on businessconsiderations:a) Calcuttab) Chennai

c) Darjeeling

d) None of These

Q212. Allahabad Bank was nationalized on:a) November 1980

b) 19 July, 1969c) 15 January, 1971





d) None of These

Q213. In October 1989 _______bank was merged with Allahabad Bank:a) United Industrial Bank Limitedb) Unit Trust of India Bank Limited

c) New India Bank Limited

d) None of These

Q214. In which year Allahabad Bank's business (First Time) crossed Rs. 1,00,000crore mark:a) 2006

b) 2007c) 2010

d) None of These

Q215. Bank Celebrates its 150 years of foundation on:a) April, 2014b) April, 2015

c) April, 2015

d) None of These

Q216. Headquarter of Allahabad Bank is situated at:a) New Delhi

b) Allahabad, Uttar Pradesh

c) Kolkata, West Bengald) None of These

Q217. Chairman and Managing Director of Allahabad Bank is:a) A Udgata

b) Shashank Saksena

c) Rakesh Sethid) None of These

Q218. In March 2013, Allahabad Bank crosses bench mark business figure Rs.3,00,000 crore and enters in________:a) Orbit of Large Banks





b) India's Largest Bank

c) Large Operational Bank

d) None of These

Q219. Slogan of Allahabad Bank is:a) Together We Prosper

b) A Tradition of Trustc) A Long Tradition of Trust

d) None of These

Q220. In February 2007, Allahabad Bank opened its first overseas branch in ____-:a) Australia

b) Hong Kongc) London

d) None of These

Q221. CBS stands for:a) Central Banking Solutions

b) Core Banking Solutionc) Code Banking Solutions

d) None of These

Q222. According to data of 2015, currently ________branches of Allahabad Bankare operating:a) More Than 4000

b) More Than 3000c) More Than 5000

d) None of These

Q223. In ______, Allahabad Bank has implemented CBS in all its branches:a) March, 2011b) March, 2012

c) March, 2013

d) None of These





Q224. Which among the following is correct about the vision and mission ofAllahabad Bank:a) To put the bank on a higher growth path by building a strong customer base through Talent

Management, induction of state-of-the-art Technology and through Structural Re-organization

b) To Ensure anywhere and any time banking for the customer with latest stae-of-the-art

technology and by developing effective customer centered relationship and to emerge as a world

class service provider through efficient utilization of Human Resources and product innovation.


SYNDICATE BANK SPECIAL

Q225. Syndicate Bank was established in _____ in Udupi:a) 1926

b) 1900

c) 1925d) None of These

Q226. Udupi is related to abode of Lord ______:a) Hanuman

b) Shiva

c) Krishnad) None of These

Q227. Who among the following founded the Syndicate Bank:a) Upendra Ananth ( A businessman)

b) Vaman Kudva (An engineer)

c) T M A Pai (A physician)


Q228. The primary objective of bank on that time was:a) To remove overall poverty from Karnataka.

b) To extend financial assistance to the local weavers through mobilizing smallsavings from the community.





c) To social welfare only

d) None of These

Q229. The Logo of Syndicate Bank contains picture of:a) Elephant

b) Lion

c) Dogd) Puma

e) None of These

Q230. Which among the following is correct:a) Picture of Dog in logo, symbolizing the tradition of faithfulness and friendliness.

b) In the logo, orange color denotes power, energy, enthusiasm, creativity, thoughtfulness and

sincerity.

c) Yellow color in the logo, denotes acquisition of knowledge, it is best color to create

enthusiasm for life and can awaken greater confidence and optimism, it helps with decision

making as it relates to clarity of thoughts and ideas and it is non - emotional coming from the

head rather than the heart.

d) All of The Abovee) None of These

Q231. MD and CEO of Syndicate Bank is:a) Arun Shrivastavab) Animesh Chauhan

c) T K Shrivastava

d) None of These

Q232. Headquarter of Syndicate Bank is now situated at:a) Shimla, Himachal Pradesh

b) Dispur, Assam

c) Manipal, Karnatakad) None of These

Q233. Slogan of Syndicate Bank is:a) You can Faith on us

b) Your Faithful and Friendly Financial Partner





c) Faithfulness Banking

d) None of These

Q234. The Syndicate Bank was nationalized on:a) 14 November, 1969

b) 19 July, 1969c) 2 October, 1969

d) None of These

Q235. Which among the following schemes were launched by Syndicate Bank:a) Water Conservation Initiatives (Clearing and cleaning of village ponds in the selected service

area villages)

b) Homestead Farming ( Mainly for multiple cropping)

c) SyndShakti Smart Card (Under NREGP, Social security pension scheme, financial inclusion

through branch less banking and door step financial services for empowering rural population)

d) All of The Abovee) None of These

Q236. In 2010 - 11, the bank opened _____branches under the financial inclusionprogram of the Government of India:a) 125

b) 135c) 145

d) None of These

Q237. Which among the following is correct:a) Syndicate Manipal School of Banking (SMSB) is a joint venture between Syndicate Bank and

Manipal Global Education (MAGE).

b) Recently, Syndicate Bank tied up with MAGE for a post graduate diploma course in banking

and finance.

c) Under this, bank will select the candidates and they will be completing a 1 year PGDBF

course. After the successful completion of the course, these candidates will be appointed as a

Scale 1 officer with the bank.






Q238. In 2009 - 2010, Syndicate Bank opened _____branches on a single day:a) 50b) 52

c) 53

d) None of These

Q239. Which among the following is correct:a) Syndicate Bank is planning to open 355 branches during the financial year 2015 - 16

b) Syndicate Bank also planning to recruit 5000 personnel in clerical and official cadre.


ORIENTAL BANK OF COMMERCE

Q240. Oriental Bank of Commerce was founded on:a) 20 February, 1943

b) 19 February, 1943c) 21 February, 1943

d) None of These

Q241. Headquarter of Oriental Bank of Commerce (OBC) is located at:a) New Delhi

b) Udaypur, Rajasthan

c) Gurgaon, Haryanad) None of These

Q242. Slogan of Oriental Bank of Commerce is:a) Working for a better tomorrow

b) Where every individual is committedc) We understand your world

d) None of These

Q243. OBC was founded in 1943 in:a) Lahoreb) Rawalpindi





c) Gujjarpur

d) None of These

Q244. __________was the first chairman and one of the founder of the OBC:a) Rai Chand Ram Bahdur

b) Rai Bahadur Lala Sohan Lalc) Lala Rai Bahadur Singh

d) None of These

Q245. After partition in 1947, OBC had to close down its branches in the newlyformed Pakistan and shift its registered office from Lahore to _______:a) Jalandhar

b) Amritsarc) Patiala

d) None of These

Q246. The bank was nationalized on:a) 25 August, 1951

b) 19 July, 1969

c) 15 April, 1980d) None of These

Q247. In 1997, which among the following bank was acquired by OBC:a) Bari Doab Bank

b) Punjab Cooperative Bank

c) Both of the Aboved) None of These

Q248. OBC amalgamated _____bank:a) Global Trust Bankb) Global Unit Bank

c) Global Standard Bank

d) None of These

Q249. Global Trust Bank was amalgamated by OBC on:





a) 14 August, 2004

b) 15 August, 2004

c) 18 August, 2004

d) None of These

Q250. MD and CEO of Oriental Bank of Commerce is:

a) Animesh Chauhan

b) Suresh Patel

c) Uday Khosla

d) None of These

Q251. Which among the following products and services are provided by orientalbank of commerce:

a) Insurance Products

b) Self - Banking Halls

c) Internet Banking

d) ATMs

e) All of the Above

f) None of These

Q252. Grameen project by OBC implemented in:

a) Dehradun (Uttarakhand)

b) Hanumangarh (Rajasthan)

c) Both of Above

d) None of These

Q253. OBC has a _____branches in India:

a) More Than 630

b) More Than 530





c) More Than 430

d) None of These

Q254. On _______, OBC launched unique scheme, "The Comprehensive VillageDevelopment Programme" in three villages of Punjab:a) 13 April, 1997b) 15 April, 1997

c) 19 April, 1997

d) None of These

AXIS BANK SPECIAL

Q255. UTI Bank Limited was actually founded on:a) 1990b) 1991

c) 1992

d) None of These

Q256. Axis Bank was formerly known as:a) Hind Bank Limited

b) UTI Bank Limitedc) United India Bank Limited

d) None of These

Q257. Headquarter of Axis Bank is located at:a) Hyderabad, Aandhra Pradesh

b) New Delhi

c) Mumbai, Maharashtrad) None of These

Q258. Slogan of Axis Bank is:a) Badhti Ka Naam Zindagib) Good People to Bank with

c) Hum Hai Na

d) None of These





Q259. Axis Bank was incorporated on ________and get certificate of business on14th December:a) 3rd December 1993b) 15th December 1993

c) 10 December 1993

d) None of These

Q260. _______was the first private sector bank to get a license under the newguidelines issued by the RBI on that time in 1993:a) SBI

b) Axis Bankc) Punjab and Sind Bank

d) None of These

Q261. In 1997, Axis Bank obtained license to act as depository participant withNSDL and applied for registration with SEBI to act as______:a) Trustee to Share Holders

b) Trustee to Debenture Holdersc) Trustee to Government Securities

d) None of These

Q262. In 1999 UTI Bank (Axis Bank) and _____have launched an international co-branded credit card:a) Citibankb) Canara Bank

c) Vijaya Bank

d) None of These

Q263. UTI Bank (Axis Bank) have come together to launch an international co-branded credit card under the _______umbrella:a) Visa Card

b) Master Cardc) Rupay

d) None of These





Q264. In 2000, Axis Bank announced and launched which among the followingservices:a) The bank has announced the launch of Tele - Depository services for its depository clients.

b) UTI Bank has launch of "I-Connect", its internet banking product.

c) UTI bank has signed a memorandum of understanding with equitymaster.com for e - broking

activities of the site.


Q265. In _____company name has been changed from UTI Bank Limited to AxisBank Limited:a) 2006

b) 2007c) 2005

d) None of These

Q266. Which among the following is correct:a) Axis bank launches Platinum Credit Card, India's Firs EMV chip based card in 2008.

b) Axis Bank set up its branch at llanji at Meenakshi Nagar on the coutralam - madurai road on

April 16, 2008


Q267. Managing Director & CEO of Axis Bank since 2009 is:a) Chanda Kochhar

b) Shikha Sharmac) Usha Ananthasubramanian

d) None of These

Q268. The first branch of UTI was inaugrated on 2 - 4 - 1994 in Ahmedabad by_____:a) Dr. Manmohan Singhb) Atal Vihari Bajpayee

c) Sonia Gandhi

d) None of These





Q269. Who was appointed as the Brand ambassador of Axis Bank on 5 June, 2014:a) Kareena Kapoor

b) Deepika Padukonec) Asin

d) None of These

Q270. UTI Bank opened its first overseas branch in 2006 at:a) America

b) Singaporec) London

d) None of These

Q271. Axis Bank is a:a) Private Sector Bankb) Public Sector Bank

c) Wholly Government Bank

d) None of These

Q272. Which among the following awards won by Axis Bank:a) Bank of the Year Money Today FPCIL Awards 2012 -13

b) "Consistent Performer" in 'India' best banks - 2012


Q273. Axis Bank was the _____Indian private sector bank to set up a branch inChina:a) Firstb) Second

c) Third

d) None of These

Q274. The Axis Bank's __________branches are operating from India as on 31 - 3- 2015:a) 2,489

b) 2,589c) 2,689





d) None of These

PUNJAB & SIND BANK

Q275. Punjab & Sind Bank was founded on:a) 24 July, 1908

b) 24 June, 1908c) 19 July, 1908

d) None of These

Q276. Headquarter of Punjab & Sind Bank is located at:a) New Delhib) Patiala

c) Chandigarh

d) None of These

Q277. How many branches of Punjab & Sind Bank are operating in Punjab:a) More Than 600b) More Than 400

c) More Than 500

d) None of These

Q278. How many branches of Punjab & Sind Bank are operating at India Level:a) More than 1350

b) More than 1450c) More Than 1750

d) None of These

Q279. Among the following person, major founder of Punjab & Sind bank was:a) Bhai Vir Singh

b) Sir Sunder Singh Majitha

c) Sardar Tarlochan Singh

d) All of the Above





e) None of These

Q280. The bank was founded on the principle of:a) Social Commitment to help the weaker section of the society to raise theirstandard of life.b) Enhancement and Development of people of punjab only.

c) To collect deposits and use it against british management for patriotic activities.

d) None of These

Q281. On _______Punjab & Sind Bank was among six bank that the Governmentof India nationalized in the second wave of nationalizations:a) 15 April, 1980b) 16 April, 1980

c) 17 April, 1980

d) None of These

Q282. First time, 14 banks were nationalized on:

a) 19 July, 1969

b) 20 July, 1969

c) 21 July, 1969

d) None of These

Q283. In the ______Punjab & Sind Bank established branch in London:

a) 1970s

b) 1980s

c) 1960s

d) None of These

Q284. In 1991 ________bank acquired Punjab & Sind Bank's London branch atthe behest of the Reserve Bank of India following Punjab & Sind's involvement inthe Sethia fraud in 1987:a) Bank of Baroda





b) IDBI

c) SBI

d) None of These

Q285. ______is a Regional Rural Bank sponsored by Punjab & Sind Bank:

a) Punjab Gramin Bank

b) Malwa Bank

c) Sutlej Gramin Bank

d) None of These

Q286. The slogan of Punjab & Sind bank is:

a) Blending Modernity with Tradition

b) Honors Your Trust

c) Where service is a way of Life

d) None of These

Q287. Chairman and Managing Director of Punjab and Sind Bank is:a) Mukesh Kumar Jain

b) Jatinder Bir Singh

c) Usha Ananthasubramanian

d) None of These

Q288. Mission statement of bank is:a) To provide excellent customer service through innovative products and services for different

segments of customers using state of the art technology.

b) To dedicate ourselves wholeheartedly for "Sarva Jana Hitai Sarva Jana Sukhai"


Q289. Since ____Punjab & Sind bank has shown growth of over 40% year on year,and its recent IPO was oversubscribed by more than 50 times:





a) 2004b) 2005

c) 2006

d) None of These

BANK OF BARODA

Q290. Bank of Baroda was founded by Maharaja Sayajirao Gaekwad on:a) 21 July, 1908b) 20 July, 1908c) 19 July, 1908d) None of These

Q291. Bank of Baroda (BoB) founded on 20 July, 1908 under the _______:a) Companies Act of 1897b) Companies Act of 1898c) Companies Act of 1899d) None of These

Q292. Bank of Baroda started with a paid up capital of:a) Rs. 10 Lakhb) Rs. 5 Lakhc) Rs. 20 Lakhd) None of These

Q293. Headquarter of BoB is located at:a) New Delhib) Gandhi Nagarc) Vadodara (Baroda)d) None of These

Q294. Which among the following countries BoB has its branches:a) Ugandab) United Arab Emiratesc) Fiji Islandsd) United Kingdome) United States of Americaf) Chinag) All of the Aboveh) None of These





Q295. Bank of Baroda was nationalized along with 13 other major commercialbanks of India on:a) 20 July, 1969b) 19 July, 1969c) 18 July, 1969d) None of These

Q296. On the basis of 2014 data, Bank of Baroda is ranked _____on Forbes Global2000 List:a) 701b) 801c) 901d) None of These

Q297. Bank of Baroda has a network of ______branches in India and abroad:a) More Than 5500b) More Than 5100c) More Than 5300d) None of These

Q298. In 1961, BoB merged in:a) New Citizen Bank of Indiab) New India Aspiration Bankc) Heritage Bank of Indiad) None of These

Q299. Slogan of Bank of Baroda is:a) Prosperity for allb) India's International Bankc) Together we prosperd) None of These

Q300. Chairman of Bank of Baroda is:a) U. P Singhb) Ravi Venkatesanc) Kumar Subramaniamd) None of These





Q301. Which among the following is incorrect about BoB's domestic associates:a) Baroda Uttar Pradesh Gramin Bankb) Baroda Rajasthan Gramin Bankc) Baroda Gujarat Gramin Bankd) Baroda Lakshadip Gramin Bank

Q302. The Bank of Baroda has decided to revise interest rates payable on Domesticand NRE term deposits below Rs. 1 crore & above in:a) 2014b) 2015c) 2012d) None of These

Q303. The founder of Bank of Baroda, Maharaja Sayajirao Gaekwad belongs to:a) Maratha Kingdomb) Sikh Kingdomc) Rajput Kingdomd) None of These

Q304. Which among the following was the Bank of Baroda's first domesticacquisition:a) New Citizen Bank of Indiab) Hind Bankc) Bank of Rajputd) None of These

ICICI BANK SPECIAL

Q305. ICICI stands for:a) Indian Credit and Investment Corporation of Indiab) Investment Corporation In Creditc) Industrial Credit Investment Corporation of Indiad) None of These

Q306. Headquarter of ICICI Bank is located at:a) Mumbaib) Hyderabadc) Mysored) None of These





Q307. ICICI bank was originally promoted in ____ by ICICI Limited an Indianfinancial institution, and was its wholly owned subsidiary:a) 1994b) 1995c) 1997d) None of These

Q308. ICICI was formed in ______:a) 1955b) 1956c) 1957d) None of These

Q309. ICICI was formed in 1955 at the initiative of:a) World Bankb) The Government of Indiac) Representatives of Indian Industryd) All of the Abovee) None of These

Q310. The principal objective was to create a development financial institution forproviding ______project financing to Indian businesses:a) Medium Termb) Long Termc) Medium Term and Long Termd) None of These

Q311. CEO of ICICI bank is:a) Arundhati Bhattacharyab) Chanda Kochharc) Indira Nuyid) None of These

Q312. ICICI became the first ever Indian borrower to raise European CurrencyUnits in ___:a) 1984b) 1982c) 1986d) None of These





Q313. ICICI bank became the first commercial bank from India to list its stock on_____in 2000:a) New York Stock Exchange (NYSE)b) London Stock Exchange (LSE)c) Shanghai Stock Exchange (SSE)d) None of These

Q314. In 2000 ICICI bank announces merger with:a) Bank of Begnalb) Bank of Madurac) Bank of Jaipurd) None of These

Q315. ICICI bank launched internet banking operations in:a) 1998b) 1999c) 2000d) None of These

Q316. In _______, the Bank of Rajasthan (BOR) was acquired by the ICICI bank:a) 2010b) 2011c) 2012d) None of These

Q317. ICICI Bank on January, 2015 announced the launch of the India's first_____debit and credit cards, enabling its customers to make electronic paymentsby just waving the cards near the merchant terminal in lieu of dipping or swipingthem:a) Pinlessb) Codelessc) Contactlessd) None of These

Q318. ICIC Bank currently (as on July - August 2015) has a network of_____branches and ______ATM's across India:a) 4,050 branches and 12, 890 ATM'sb) 5,050 branches and 13, 890 ATM's





c) 2,050 branches and 11, 890 ATM'sd) None of These

Q319. ICICI Bank and ________Metro Rail Corporation Limited on April 2015announced the launch of the ICICI Bank Unifare _____Metro Card:a) Bangaloreb) Kolkatac) New Delhid) None of These

PUNJAB NATIONAL BANK SPECIAL

Q320. Punjab National Bank was actually born on ______:a) May 21, 1894

b) May 20, 1894

c) May 19, 1894d) None of These

Q321. The 'PNB' open its doors to the general public on:a) 12 April, 1895b) 14 April, 1895

c) 16 April, 1895

d) None of These

Q322. _______was the first to open an account with the bank which was housedin the building opposite the Arya Samaj Mandir in Anarkali in Lahore:a) Sardar Dayal Singh Majithia

b) Lala Prabhu Dayal

c) Lala Lajpat Raid) None of These

Q323. On _______, the (PNB) bank officials decided to leave Lahore:a) March 31, 1947b) April 30, 1947

c) July 31, 1947

d) None of These





Q324. On March 31, 1947 the bank officials decided to leave Lahore and transferthe registered office of the PNB to _______and permission for transfer wasobtained from the Lahore High Court on June 20, 1947:a) Delhib) Kolkata

c) Pathankot

d) None of These

Q325. Which among the following personalities open their accounts with PNB:a) Jawahar Lal Nehru, Indira Gandhi

b) Gobind Ballabh Pant, Lal Bahadur Shastri

c) Rafi Ahmed Kidwai

d) All of the abovee) None of these

Q326. Slogan of Punjab National Bank is:a) A friend you can bank upon

b) The Name You Can Bank Uponc) You can always bank on us

d) None of These

Q327. Founder of the PNB was:a) Prabhu Lal

b) Hardyal Singh

c) Lala Lajpat Raid) None of These

Q328. Headquarter of PNB is located at:a) New Delhib) Patiala

c) Bhatinda

d) None of These





Q329. In which of the following institutions, Usha Ananthasubramanian provideher services:a) Bank of Baroda & Punjab National Bank

b) Bhartiya Mahila Bank

c) LIC


Q330. CBS stands for:a) Core Banking Solutionb) Code Banking Solution

c) Central Banking Solution

d) None of These

Q331. ______bank won the "Pradhan Mantri Jan Dhan Yojana Award ofExcellence 2015" given by Federation of Industry Trade and Services:a) State Bank of India

b) Punjab National Bankc) ICICI Bank

d) None of These

Q332. The Government of India nationalized PNB and 13 other major commercialbanks on:a) 19 July, 1970

b) 19 July, 1971

c) 19 July, 1969d) None of These

Q333. In 1986, the Reserve Bank of India required PNB to transfer its Londonbranch to _____bank after the branch was involved in a fraud scandal:a) State Bank of Indiab) Allahabad Bank

c) Axis Bank

d) None of These





Q334. PNB won which among the following awards:a) Banking Frontiers : Inspiring Work Place given by Frontiers Magazines

b) IBA Banking Technology Awards 2014 - 15 (Training and Human Resources) (PSU) Second

Runners up given by Indian Bank's Association


United Bank of India Special

Q335. United Bank of India is one of the _____major banks which werenationalized on July 19, 1969:a) 14b) 13

c) 15


Q336. United Bank of India Limited was formed in _____:a) 1950b) 1947

c) 1951


Q337. United Bank of India Limited was formed in 1950 with the amalgamation of:a) Comilla Banking Corporation Limited (1914)

b) Begal Central Bank Limited (1918)

c) Comilla Union Bank Limited (1922)

d) Hooghly Bank Limited (1932)


(Establishment years are indicated in brackets of respective banks)

Q338. Presently United Bank of India is having a ______tier organizational setup:a) 5

b) 3





c) 4


Q339. Which among the following is correct about Three Tier organizational setup:a) Corporate Office, 36 Regional Office and the Branches

b) Head Office, Corporate Office and the Branches

c) Head Office, 35 Regional Offices and the Branchesd) All of The Above


Q340. After nationalization of the Bank, The Bank expanded its branch network ina big way and actively participated in the developmental activities, particularly inthe:a) Both Rural as well as Urban Areas

b) Only Rural Areas

c) Rural and Semi - Urban Areasd) None of The Above

Q341. 'United Bank of India' is designated as Lead Bank in several districts and atpresent it is the Lead Bank in 30 districts in the states of:a) West Bengal, Meghalaya, Nagaland and Arunachal Pradesh

b) West Bengal, Assam, Manipur and Tripurac) West Bengal, Jharkhand, Bihar and Uttar Pradesh


Q342. United Bank of India played a significant role in the spread of bankingservices in different parts of the country, more particularly in:a) Eastern and North Eastern Indiab) Eastern and Western India

c) Easter and Southern India


Q343. UBI is also known as the _______:





a) Tea Bankb) Coffee Bank

c) Candy Bank


Q344. United Bank of India is also known as the 'Tea Bank' because:a) of its age - old association with the financing of tea gardens

b) It has been the largest lender to the tea industry

c) It provide land areas for tea plantation

d) All of The Above

e) Only (a) and (b)f) None of The Above

Q345. The Slogan of 'United Bank of India' is:a) Your perfect financial banking partner

b) The name you can bank upon

c) The Bank that Begins with "U"d) None of The Above

Q346. MD and CEO of 'United Bank of India' is:a) Jatinder Bir Singh

b) P. Srinivasc) Sindhu Shree Khullar


Q347. Headquarter of United Bank of India is located at:a) New Delhi

b) Kolkata, West Bengalc) Manipal, Karnataka

d) Thrissur, Kerala


Q348. "United Bank of India" get National Award under Prime MinisterEmployment Guarantee Program in north east zone from the Ministry of MSME,Government of India in the year ____:a) 2007





b) 2008


Q349. Which among the following is incorrect:a) The Bank has three full fledged Overseas Branches

b) Fully equipped dealing room and SWIFT terminal consist branches in Kolkata, New Delhi

and Mumbai

c) The Bank has ATMs all over the country and customers can use United International Debit

Card at all VISA ATMs across the globe.

d) All of The Above


Vijaya Bank Special

Q350. Vijaya Bank was founded on____:a) 23rd October, 1932

b) 23rd October, 1931c) 23rd October, 1933


Vijaya Bank was founded by Late Shri A.B. Shetty and other farmers in Mangalore, Karnatakato promote banking habit, thrift and entrepreneurship among the farming community inKarnataka State.

Q351. Vijaya Bank became a scheduled bank in:a) 1960

b) 1958c) 1959


Q352. How many smaller banks merged with Vijaya Bank during the 1963 - 68:a) 8

b) 9c) 10






The credit of the Nine banks mergers goes to Shri M. Sunder Ram Shetty, who was the ChiefExecutive of the bank on that time.

Q353. Vijaya Bank was nationalized on:a) 15th April, 1980b) 19th July, 1969

c) 21 August, 1981


Q354. Which among the following is correct about Vijaya Bank as on 20th August,2015:a) 1701 Branches

b) 49 Extension Counters

c) 1528 ATMs


Vijaya Bank has its network over 28 states and 4 union territories in India. The Bank has thehighest number of branches in its home state Karnataka.

Q355. The driving force behind Vijaya Bank's every initiative has been its______strong dedicated workforce:a) 13,000 +b) 14,000+

c) 15,000+


Q356. Vijaya Bank has a _____tier organizational structure:a) 4

b) 3c) 5


Three Tier Organizational Structure includes Head Office, Regional Office and Branches





Q357. The bank's _____regional offices exercise immediate supervision andcontrol over the branches under their jurisdiction:a) 30b) 40

c) 50


Q358. The Slogan of Vijaya Bank is:a) The Name You Can Bank Upon

b) A Friend You Can Bank Uponc) You Can Always Bank on Us


Q359. Managing Director and CEO of Vijaya Bank is:

a) Kishore Kumar Sansib) Rajeev Kumar

c) Animesh Chauhan


Q360. Headquarter of 'Vijaya Bank' is located at:a) Bengaluru, Karantakab) Mangalore, Karnataka

c) New Delhi


Q361. Vijaya Bank has chosen Finacle from _____as its centralized bankingsolution:a) Infosysb) TCS

c) ITC Infotech


Q362. _____handled bank's IT department:a) Microland





b) Hexaware

c) Wiprod) None of The Above

Q363. Does Vijaya Bank has taken membership of VISA International and MasterCard International:a) Yesb) No

Q364. Vijaya Bank is a _____sized Public Sector Bank with presence across India:a) Medium Sizedb) Large Sized

c) Small Sized


ICICI BANK SPECIALQ365. ICICI was formed in _______:a) 1950

b) 1955c) 1965


Q366. ICICI was formed in 1955 at the initiative of the:a) World Bank

b) The Government of India

c) Representatives of Indian Industry


Q367. The principal objective to form ICICI was:a) To create a development financial institution

b) To create a financial institution for providing medium term and long term project financing

c) Create financial institution for providing medium term and long term project financing to

Indian businesses

d) All of The Above






Q368. ICICI Bank was originally promoted in ______by ICICI Limited:a) 1994b) 1995

c) 1996


Q369. ICICI acquired _________in 2001:a) Bank of Pune

b) Bank of Madurac) Bank of Varanasi


Q370. In _____, ICICI become the first Indian company and the first bank orfinancial institution from Non- Japan Asia to be listed on the NYSE:a) 1999b) 2000

c) 2001


Q371. In October _____, the Board of Directors of ICICI and ICICI Bank approvedthe merger of ICICI and two of its wholly - owned retail finance subsidiaries withICICI bank:a) 2001b) 2002

c) 2003


Q372. Linked with above question, Name of that subsidiaries were:a) ICICI Home Services Limited and ICICI Standard Services Limited

b) ICICI Ease Finance Services Limited and ICICI Focus Capital Services Limited

c) ICICI Personal Financial Services Limited and ICICI Capital Services Limitedd) None of The Above





Q373. Registered Office of ICICI Bank is located at:a) Vadodara, Gujaratb) Gurgaon, Haryana

c) Hyderabad, Andhra Pradesh


Q374. Corporate Office of ICICI Bank is situated at:a) New Delhi

b) Mumbai, Maharashtrac) Manglore, Karnataka


Q375. Slogan of ICICI Bank is:a) A Long Tradition of Trust

b) India's International Bank

c) Prosperity For All

d) Hum Hai Na, Khyal Aap Kad) None of The Above

Q376. Which among the following schemes was launched by ICICI:a) Creative Masters 2015

b) Saral Rural Housing Loan

c) Smart Vault


Q377. Chairman of ICICI Bank is:a) M.K. Sharmab) Arvind Panagriac) Chanda Kochhard) None of The Above

Q378. ______ranked first in "Fortune's List of Most Powerful Women' in AsiaPacific:





a) Usha Ananthasubramanian

b) Chanda Kochharc) Arundhati Bhattacharya


Q379. _______won the "Best Foreign Exchange Bank" at Finance Asia 2015Country Banking Achievement Awards:a) ICICI Bankb) State Bank of India

c) Punjab National Bank


Credit/Debit Cards (Part 2)

Q380. Which card is known as 'Check Card':a) Debit Cardb) Credit Card



Q381. Which among the following is correct:a) EFTPOS - Online Debit or PIN debit

b) Offline Debit - Signature Debit

c) Electronic Purse Card System - Electronic Debit Dealings


Q382. Some debit cards accepted only within a particular country or region. Whichamong the following pairs is correct:a) Maestro and Solo Card - United Kingdom

b) Interac - Canada

c) Carte Bleue - France

d) EC electronic cash - Germany






Now many cards creating its market over the world

Q383. "UnionPay" debit card is concerned with which among the followingcountry:a) Pakistan

b) Chinac) Nepal


Q384. "EFTPOS" cards are linked with which among the following countries:a) Australia and New Zealandb) Monacco and Norway

c) Qatar and Kuwait


Q385. PIN stands for:a) Portable Identification Number

b) Permanent Identification Number

c) Personal Identification Numberd) None of The Above

Q386. Is there any restriction on withdrawal from debit cards per day:a) Yesb) No

Q387. Prepaid Debit cards are also called:a) Reloadable Debit Cardsb) Loadable Debit Cards

c) Relational Debit Cards


Q388. The primary market for prepaid cards are_____people:a) Banked People

b) Unbanked People







Q389. The prepaid bank card is also called:a) Convenience Gift Card

b) Bank Gift Cardc) Suitable Gift Card


Q390. "RuPay" debit card is similar to:a) Singapore's NETS

b) China's UnionPay


Q391. POS stands for:a) Point of Service

b) Point of Salec) Point of Satisfaction


Q392. ______also provides a unified "Kisan Card" issued by banks across thecountry under Kisan Credit Card, enabling farmers to transact business on ATMsand POS terminals:a) Maestro Card

b) RuPay Cardc) Forex Card


Q393. Which among the following benefits is associated with RuPay:a) International transactions lead to higher transactions costs. Such costs can be reduced by

using RuPay card since processing will be done within the country. Also transactions will be

faster

b) Users will get alerts for every transaction made through RuPay Card

c) Processing Fees for RuPay card compared with regular debit/credit cards will be considerably

lower






Q394. Now RuPay card get international acceptance:a) Yes

b) No

Canara Bank Special

Q395. Canara Bank was founded by:a) Lala Lajpat Rai

b) Ammembai Subba Rao Paic) Hardyal Khurana


Q396. Canara Bank was founded on:a) December, 1906

b) August, 1906


Q397. Shri Ammembai Subba Rao Pai founded Canara Bank at ______:a) Patiala

b) Mangalorec) Kolkata

d) Delhi

Q398. Canara Bank was nationalized on:a) November, 1980

b) August, 1970






Q399. Canara Bank with an unbroken record of profits since its inception it hasseveral first to its credit which includes:a) Launching of Inter - City ATM Network

b) Obtaining ISO Certification for a Branch

c) Commissioning of Exclusive Mahila Baking Branch

d) Launching of Exclusive subsidiary for IT consultancy


Q400. Which among the following is correct about the initiative taken by CanaraBank:a) Issuing Credit Card for Farmers

b) Providing Agriculture Consultancy Services


Q401. As at June 2015, Canara Bank has further expanded its domestic presencewith ____branches spread across all geographical segments:a) 5708b) 6708

c) 9708


Q402. The Canara Bank has ____ATMs covering ____centers:a) 9039 and 4081b) 1039 and 5081

c) 5409 and 6081


Q403. Chairman of Canara Bank is:a) S.V Khullar

b) T.N. Manoharanc) Animesh Tyagi






Q404. MD and CEO of Canara Bank is:a) Rakesh Sharmab) Pradyuman Rawat

c) Singh Harpreet


Q405. "Golden Peacock Business Excellence Award 2015" by the Institute ofDirectors India given to:a) PNB

b) Punjab and Sind Bank

c) Canara Bankd) None of The Above

Q406. Headquarter of Canara Bank is situated at:a) New Delhi

b) Bangalore, Karnatakac) Mangalore, Karnataka


Q407. Slogan of Canara Bank is:a) Together We Prosper

b) A Long Tradition of Trust

c) It's easy to change for those who love you, Together We Cand) None of The Above

Q408. MSME Banking Excellence Awards 2014 organized by Chamber of IndianMicro, Small and Medium Enterprises (CIMSME) at New Delhi award given to:a) Canara Bankb) Punjab National Bank

c) State Bank of India


Q409. Canara Bank opened its _____overseas branch in New York on 10 June,2014:a) 9th

b) 7th





c) 2nd


MIXED TOPICS

Q410. "Rupiya" in our country was introduced by:a) Akbar

b) Prithvi Raj Chouhan

c) Chandra Gupt Moryaa

d) Sher Shah Surie) None of These

Q411. The bank which refinance the loans given to poor and weaker sections toconstruct or buy houses is:a) SIDBI

b) SBI

c) NHBd) None of These

Q412. Reserve Bank of India was set up on the recommendations of which of thefollowing commission/committee:a) D R Mehta Commission

b) Basel Committee

c) Royal Commission on Indian Currency and Financed) None of These

Q413. The designer of Indian Rupee Sign is:a) Hitendra Swami

b) Udaya Kumar Dharmalingamc) Panduranga Kumarlingam

d) None of These

Q414. Number of different denomination notes issued by RBI :-a) 10

b) 9





c) 11

d) None of These

Q415. SME standds for:a) Small and Medium Enterprisesb) Selling and Marketing Establishment

c) Sales and Marketing Entity

d) None of These

Q416. Slogan of Bank of Baroda is:a) The Bank You can Name upon

b) India's International Bankc) India's Multinational Bank

d) None of These

Q417. CEPI stands for:a) Council of Environmental Pollution of India

b) Center for Environmental Pollution In India

c) Comprehensive Environmental Pollution Indexd) None of These

Q418. The securitization and Reconstruction of Financial Assets and Enforcementof Securities Interest Act (SARFAESI) meant recovery of loans which have becomeNPA is not applicable to:a) Financial Institutes of Government

b) Non - Banking Financial Companiesc) Small & Cooperative Banks

d) None of These

Q419. CRYPTO-CURRENCY is:a) Currency of A Country

b) Digital Medium of Exchangec) Plastic Money





d) None of These

Q420. FATF stands for:a) Financial Access to Farmers

b) Funding and Trading Federation

c) Financial Action Task Forced) None of These

Q421. INDIA become the member of FATF in:a) 2009

b) 2010c) 2014

d) None of These

Q422. "Microcredit" refers to:a) Installments given by farmers against loans

b) Small credit given to poorc) Credit given by government to improve industrialization

d) None of These

Q423. Which year was declared as the 'International Year of Microcredit' byUnited Nations:a) 2005b) 2004

c) 2011

d) None of These

Q424. Financial Inclusion is:a) Delivery of banking services at an affordable cost to weaker sections

b) Delivery of financial services at an affordable cost to weaker sections

c) Social responsibility of banking and government system

d) All of Abovee) None of These





Q425. CGC stands for:a) Credit Guarantee Center

b) Consumable Goods Commission

c) Credit Guarantee Corporationd) None of These

Q426. DICGC stands for:a) Department Intelligence in Credit Guarantee Corporation

b) Deposit Insurance and Credit Guarantee Corporationc) Depository Insurance and Consumable Goods Commission

d) None of These

Q427. Excess of Supply over Demand denotes:a) Buyers Marketb) Sellers Market

c) Both of Above

d) None of These

Q428. Regulator of Capital Market is:a) SEBIb) RBI

c) World Bank

d) None of These

Q429. NREGA was renamed with the name of:a) Indira Gandhi

b) Rajiv Gandhi

c) Mahatma Gandhid) None of These

Q430. Which of the following is incorrect:





a) WTO - Geneva

b) IMF - Washington D.C.

c) World Bank - Washington D.C.

d) None of These

Q431. Drafts of Five years plans are approved by:a) Planning Commission

b) National Development Councilc) National Planning Council

d) None of These

Q432. National Stock Exchange is located in:a) Mumbaib) Delhi

c) Kolkata

d) None of These

Q433. The market in which long term securities such as stocks and bonds arebought and sold is commonly known as:a) Bullion Market

b) Capital Marketc) Bull Market

d) None of These

Q434. When Aggregate supply is less than aggregate demand is then:a) Deflation Occurs

b) Inflation Occursc) Stability Occurs

d) None of These

Q435. First Bank in India to launch EMI facility on debit cards:a) SBI

b) Axis Bank





c) ICICI Bankd) None of these

Q436. FMC stands for:a) Forward Markets Commissionb) Financial Market Commission

c) Foreign Market Control

d) None of These

Q437. In MICR cheque, first six numbers indicates:a) Branch Code and Location

b) City Location

c) Cheque Numberd) None of These

Q438. Assignment refers to:a) Transfer of Interest from one party to another

b) Every Financially Transfer Transaction

c) Transfer of a loan from one party to anotherd) None of These

Q439. Sugam scheme was launched for:a) Big Corporate Houses

b) Small Tax Payersc) Pensioners getting old age pension

d) None of These

Q440. The regulator of whole banking in India is:a) Banking Planning Council

b) Banking Control Unit

c) RBId) None of These





Q441.' National Rural Employment Program' was formerly known as:a) Do work and get Food

b) Employment for Food

c) Food For Workd) None of These

Q442. Where neither exports nor imports takes place is known as:a) Closed Economyb) Depressed Economy

c) Silent Economy

d) None of These

Q443. R. Gandhi is Deputy Governor of RBI and also a part of board member of:a) MNREGA

b) Axis Bank

c) SEBId) None of These

Q444. Conversion of Physical form of share into electronic form is called:a) E - Share

b) DEMATc) Online Share Cards

d) None of These

Q445. U.K. Sinha is present chairman of:a) RBI

b) SEBIc) National Development Council

d) None of These

Q446. Who among the following is famous banker and is Padam BhushanAwardee:a) Indira Nuyee





b) Chanda Kochharc) Arundhati Bhatacharya

d) None of These

Q447. The Central Office of the Reserve Bank was initially established in ______:

a) Indore

b) Delhi

c) Calcutta

d) None of These

Q448. Which of the following is correct:

a) Reserve Bank of India Act, 1935

b) Reserve Bank of India Act, 1934

c) Reserve Bank of India Act, 1930

d) None of These

Q449. The Central Office of the Reserve Bank of India is now located at:

a) Mumbai

b) Hyderabad

c) New Delhi

d) None of These

Q450. The Central Office of the Reserve Bank was permanently moved to Mumbaiin _____:

a) 1934

b) 1937

c) 1935

d) None of These

Q451. Which among the following is correct about The Central Office of RBI:

a) Where Governor Sits

b) Where only Policies are formulated

c) Both of Above





d) None of These

Q452. The Foreign Exchange Reserves of India are kept in the custody of:

a) International Monetary Fund

b) Reserve Bank of India

c) State Bank of India

d) None of These

Q453. "Bank of Rajasthan" merged with which bank"

a) Global Trust Bank

b) ICICI Bank

c) Axis Bank

d) None of These

Q454. Which bank opened a Lockless branch at Maharashtra to respecting the

local customs:

a) State Bank of India

b) UCO Bank

c) Bank of Maharashtra

d) None of These

Q455. BFS stands for:

a) Bureau of Financial Supervision

b) Board for Financial Supervision

c) Bi-Lateral Financial System

d) None of These

Q456. Which among the following is the oldest Public Sector Bank of India?a) Punjab National Bankb) Central Bank of Indiac) Allahabad Bankd) Bank of Barodae) State Bank of India





Q457. Name the 5 cities where RBI issued plastic notes ?a) Kochi,Patna,Delhi,Ahmadabad and Chennaib) Jaipur,Shimla,Delhi,Patna and Mimbaic)Mumbai,Shimla,Jaipur,Patna and Chennaid) Jaipur,Shimla,Kochi,Mysore and Mumbaie) Kochi,Mysore,Jaipur,Bhubhaneswar and Shimla

Q458. Which country issued first purely plastic note ?a) New Zealand.b) Mexico,c) Singapore,d) Fiji and Canadae) Australia

Q459. India's first non-bank owned ATM (White Label ATMs) open in ?a) Delhib) Biharc) Uttar-Pradeshd) Maharashtrae) Gujarat

Q460. India s largest commercial Bank is : ?a) Bank of Barodab) State Bank of Indiac) ICICId) Punjab National Banke) Central Bank of India

Q461. Which of the following leaders maintained their accounts in PNB:

a) Mahatma Gandhi

b) Jawahar Lal Nehru

c) Lal Bahadur Shastri

d) Indira Gandhi

e) All of The Above

f) None of These





Q462. A service charge on your bank statement will result in:a) Interest Deduction from your account

b) A Lower Balancec) Fixed Charges incurred

d) None of These

Q463. Obtaining cash from an ATM is similar to:a) Writing a Chequeb) Open any Account

c) Any banking transaction

d) None of These

Q464. A _______is used to add funds to bank account:a) Cheque

b) Pass Book

c) Deposit Slipd) None of These

Q465. A ______ endorsement includes the words "FOR DEPOSIT ONLY":a) Restrictiveb) Predictive

c) Conductive

d) None of These

Q466. A _______offers loans to people starting their own business"a) Bank

b) Credit Union

c) Pawnshopd) None of These

Q467. Opening a checking account requires completing a _______:a) Signature Card

b) Address Form

c) Specific Mentioned Identity





d) None of These

Q468. As we know RBI was comes into existence in 1 April, 1935 but became thecentral banking authority in:a) 1965b) 1966

c) 1961

d) None of These

Q469. Banking companies act passed in:a) 1950

b) 1949c) 1943

d) None of These

Q470. 14 Major banks were nationalized in:a) 1970

b) 1969c) 1968

d) None of These

Q471. 7 More banks were nationalized in:a) 1980b) 1981

c) 1983

d) None of These

Q472. E - Banking covers both Computer banking and _______:a) Merchant Banking

b) Telephone Bankingc) Standard Banking

d) None of These





Q473. Which of the following features fit for E - Banking:a) Providing Ease in banking operations

b) Stress on branch less banking

c) Time Saving

d) All of Abovee) None of These

Q474. ICICI Bank kicked of online banking in:a) 1998

b) 1997

c) 1996d) None of These

Q475. The Banking Ombudsman Scheme, 2006 enables resolution of _______:a) Complaints of bank customers relating to certain services rendered by banks.b) Complaints of bank branches relating to certain services rendered to customers

c) Complaints of NRI only

d) None of These

Q476. Banking OMBUDSMAN scheme has come into force from:a) January 15, 2006

b) January 1, 2006c) January 26, 2006

d) None of These

Q477. The Banking Ombudsman is person appointed by the ________to redresscustomer complaints against certain deficiency in banking services:a) Indian Banking Personnel Selection

b) Reserve Bank of Indiac) Securities and Exchange Board of India

d) None of These

Q478. Banking Ombudsman is a ________:a) Collateral Judicial Authority

b) Bi - Lateral Judicial Authority





c) Quasi Judicial Authorityd) None of These

Q479. Banking Ombudsman has power to summon _______:a) Bank Only

b) Customer Only


Q480. The Banking Ombudsman Scheme was first introduced in _____:a) 1995b) 1996

c) 1998

d) None of These

Q481. As we know, the banking ombudsman scheme was first introduced in 1995and was revised in ___:a) 2004

b) 2002c) 2003

d) None of These

Q482. Which of the following is wrong about term cheque:a) A cheque must be signed by the person (Drawer) issuing the cheque.

b) A cheque must have the name of the recipient (Payee) of the cheque.

c) A cheque must mention the amount of money in words and figures.

d) A cheque must be dated.

e) A cheque must be drawn upon a specified bank (Drawee).

f) None of These





Q483. If cheque is issued by a bank in the same city as the payee, the cheque will becalled:a) Outstation Cheque

b) Local Chequec) At par Cheque

d) None of These

Q484. If a given city's local cheque is presented elsewhere it becomes________cheque and may attract some nominal but fixed banking charges:a) Local

b) Outstationc) Both of Above

d) None of These

Q485. Which of following is incorrect about 'At Par Cheque':a) It is a cheque which is accepted at par at all its branches across the country.

b) Unlike local cheque it can be present across the country without attracting additional banking

charges

c) Both of Above

d) None of These

Q486. Cheque below the amount of Rs. 1,00,000 are called_____:a) Gift Cheque

b) Normal Value Chequec) Below Volume Cheque

d) None of These

Q487. The cheque, amount of which is higher than Rs. 1,00,000 is a:a) Gift Cheque

b) High Value Chequec) Normal Value Cheque

d) None of These





Q488. Which of the following is incorrect about 'Gift Cheque':a) Cheque used for gifting money to loved ones are gift cheques.

b) The value may vary from Rs. 100 to Rs. 10,000

c) Both of Above

d) None of These

Q489. Which of the following is correct about the crossed cheque:a) Crossed cheque cannot en-cash at the counter of the bank by holder.

b) The payment of cross cheque is only credited to the bank account of the payee.

c) Crossed cheque is done by drawing two parallel lines across top left corner of the cheque.

d) With or without writing 'Account Payee' in the space between the lines

e) All of the Abovef) None of These

Q490. _____cheque can be alternated by using an ATM card:a) Open Cheque

b) Self Chequec) Ordered Cheque

d) None of These

Q491. CTS stands for:a) Cheque Transfer System

b) Cheque Truncation Systemc) Cheque Truncation Standards

d) None of These

Q492. CHI stands for:a) Cheque House Interface

b) Clearing House Interfacec) Commercial House Interface

d) None of These

Q493. In order to facilitate faster collection of outstanding cheques, the ReserveBank of India commenced a special clearing facility called ______:a) Speed Clearingb) High Clearing





c) Standard Clearing

d) None of These

Q494. Which of following is correct about 'VIDYA LAKSHMI PORTAL':a) The aim of scheme is to provide educational loans through recognized banks

b) Government Scholarships are also provided under a single Window


Q495. AIBOA stands for:a) All India Banking Operations Association

b) All India Bank Officers Associationc) All India Banks of Association

d) None of These

Q496. NSDL stands for:a) National Securities Depository Limitedb) National Savings and Depository Limited

c) Non - Saving Depositories Limited

d) None of These

Q497. 'You can Always Bank on Us' is the slogan of:a) State Bank of Mysore

b) State Bank of Hyderabadc) State Bank of Travancore

d) None of These

Q498. The slogan of 'Yes Bank' is:a) With Us you are sure

b) Experience Our Expertisec) Prosperity for All

d) None of These

Q499. Slogan of 'State Bank of Travancore' is:a) We understand your world





b) The name you can bank upon

c) A long tradition of trustd) None of These

Q500. 'Where every individual is committed' is the slogan of:a) Vijaya Bank

b) Oriental Bank of Commercec) Indian Overseas Bank

d) None of These

Q501. 'Prosperity for All' is the slogan of:a) Corporation Bankb) United Bank of India

c) Federal Bank

d) None of These

Q502. Reserve Bank of India under (RBI Act) ________ is solely responsible forthe issuance of currency notes excluding rupee one note which issued by FinanceSecretary of the Government of India:a) Section 22b) Section 24

c) Section 26

d) None of These

Q503. RBI provides ________credit facility to the Government of India and StateGovernment in order to overcome tight money position between payment andreceipt of the client:a) 'credit and means'

b) 'ways and means'c) 'ease and means'

d) None of These

Q504. The period of such 'ways and means' credit is maximum _______days:





a) 60 Days

b) 90 Daysc) 12) Days

d) None of These

Q505. 'ways and means' such power to lend money to government is given undersection_____ of RBI Act, 1934:a) 17(4)

b) 17(5)c) 17(10)

d) None of These

Q506. CAC stands for:a) Cash And Credit Collections

b) Capital Account Convertibilityc) Current Account Convertibility

d) None of These

Q507. ________ is basically associated with change of ownership in foreigndomestic financial assets and liabilities at market determined rate of exchange:a) Capital Account Convertibilityb) Fuller Capital Account Convertibility

c) Both of Above

d) None of These

Q508. As we knows that IRDA has its headquarter at Hyderabad (Andhra Pradesh)but till 2001 it operated from____:a) Kolkata

b) Delhic) Trivendram

d) None of These

Q509. ULIP stands for:a) Universal Linked Insurance Plan





b) Unit Linked Insurance Planc) Under Life Insurance Plan

d) None of These

Q510. The first ULIP was launched in India in _____:a) 1972

b) 1971c) 1975

d) None of These

Q511. The first ULIP was launched by:a) IRDA

b) Unit Trust of India (UTI)c) SEBI

d) None of These

Q512. AMC stands for:a) Acquired Money Collection

b) Asset Management Companyc) Assets Manufacturing Company

d) None of These

Q513. SWF refers to:a) Special Wealth Funds

b) Sovereign Wealth Fundsc) Synchronized Wealth Funds

d) None of These

Q514. BIS stands for:a) Bank for International Services

b) Bank for International Settlementsc) Bank for International Savings

d) None of These





Q515. The first set of Basel Accords are known as:a) Basel 1b) Basel A

c) Basel 0

d) None of These

Q516. The first set of Basel Accords was issued in:a) 1988b) 1985

c) 1989

d) None of These

Q517. Primary focus of Basel I was on:a) Increase Credit ability of banks

b) Credit Riskc) Financial help to developing countries

d) None of These

Q518. BCBS stands for:a) British Corporation for Basel Standards

b) Basel Committee on Banking Supervisionc) Banking Commission for Basel Society

d) None of These

Q519. Basel II was issued in:a) July, 1999

b) June, 1999c) September, 1999

d) None of These

Q520. Basel (City) is located in:a) Switzerland





b) France

c) USA

d) None of These

Q521. RWA stands for:a) Research Wing Association

b) Risk Wing for Assets

c) Risk Weighted Assetsd) None of These

Q522. Which of the following cheque is not honored by the bank:a) Self Cheque

b) Stale Chequec) Cross Cheque

d) None of These

Q523. A loan to pay for home, business or other real estate over a period of time is:a) Mortgageb) Interest

c) Loan

d) None of These

Q524. "MZM" stands for:a) Monetary Base or Total Currency

b) Money with Zero Maturityc) Money Zeal with Mature Guarantee

d) None of These

Q525. NIBM stands for:a) National Institute in Business Management

b) National Institute of Bank Managementc) National Investment Bank Management

d) None of These

Q526. NIBM located at:a) Nasik





b) Punec) Porbandar

d) None of These

Q527. Which nationalized bank earned the maximum net profit during 2001 -2002:a) Punjab National Bank

b) Bank of Baroda

c) Canara Bankd) Oriental Bank of Commerce


Q528. Who is the ex- officio chairman of 'National Child Labour AbolitionAuthority':a) Prime Minister

b) Industry Minister

c) Social Welfare Minister

d) Labor Ministere) None of The Above

Q529. First Indian Train having ISO 9001 certificate runs between ______:a) Hazrat Nizammuddin - Agra Cantt

b) Hazrat Nizammudin Habeebganj (Bhopal)c) Delhi - Kolkata - Mumbai - Kota


Q530. "Food for Work Program" was renamed as _______:a) RLEGP

b) IRDP

c) NREPd) MNP


Q531. Which sector has the maximum quantum of disguised unemployment inIndia:





a) Agricultureb) Industry

c) Trade

d) Transport


Q532. Which rank India attains in tobacco production in the world:a) Fourth

b) Fifth

c) Sixthd) None of The Above

Q533. Disinvestment Commission in India was firstly established in:a) August 1992

b) August 1995

c) August 1996d) May 1997


Q534. Central Revenue Board was divided into 'Central Excise and Custom DutyBoard' and 'Central Direct Taxes Board' in _____:a) 1950

b) 1958

c) 1963d) 1975


Q535. Golden Bond Scheme was introduced introduced in the budget proposal of______:a) 1991 - 92

b) 1992 - 93c) 1993 - 94

d) 1994 - 95


Q536. 'Confina' is associated with _____:





a) Canara Bankb) SBI

c) National Housing Bank

d) Standard Chartered Bank

e) All of The Above

Q537. Consumer Protection Act (COPRA) was implemented in:a) 1985

b) 1986c) 1987

d) 1988


Q538. ___committee was associated with established new stock exchange:a) M.J. Ferwanib) M. Narsimham

c) S.N. Nadkarni

d) R. Janakiraman


Q539. The Headquarter of SIDBI is located at:a) Lucknowb) New Delhi

c) Mumbai

d) Bangalore


Q540. Industrial Reconstruction Bank of India (IRBI) was established in:a) 1975

b) 1985c) 1990

d) 1992






Q541. On the recommendation of Kelkar committee, no new RRB was establishedsince _____:a) April 1987b) April 1988

c) April 1990

d) April 1995


Q542. Which one of the following was set up during the Seventh Five Year Plan tohelp the low income groups:a) NABARDb) Regional Rural Banks

c) National Housing Bank

d) UTI Bank


Q543. What is Gross National Product:a) The total output of goods and services produced by the country's economy.

b) The total domestic and foreign output claimed by residents of the country.c) The sum of gross domestic product and investment


Q544. The Mumbai Stock Exchange was set up in:a) 1875b) 1922

c) 1900


Q545. India's foreign exchange rate system is:a) Free Float

b) Managed Floatc) Fixed Target of Band


Q546. An increase in the money supply will cause interest rates to:





a) Rise

b) Fallc) Remain Unchanged


Q547. Life Insurance Corporation was established in:a) 1950

b) 1952


Q548. Which among the following country is richest in the world:a) United State of America

b) Japan

c) Qatard) South Korea


Q549. Which among the following is not a component of Human DevelopmentIndex:a) Life - Expectancy in India

b) Literacy Rate and Mean years of schooling

c) Infant Mortality Rated) None of The Above

Q550. Human Development Index was propounded by:a) Amartya Sen

b) C. Rangarajan

c) Mehboob-ul-Haqd) None of The Above

Q551. India's Largest Nationalized Commercial Bank is:a) State Bank of Indiab) ICICI Bank





c) IDBI Bank


Q552. The largest amount of exports from India go to:a) United Kingdom

b) China

c) United State of Americad) Pakistan


Q553. The Apex Bank for Rural Credit is:a) Regional Rural Bank

b) NABARDc) RBI


Q554. Which among the following is wrong:a) All the currency notes except the Hundred Rupee note is issued by RBI

b) All the Currency notes are issued by RBI

c) Only Notes of Rupee 100 issued by RBI

d) All of the Abovee) None of The Above

Q555. IDBI is a:a) Industrial Unit

b) Educational Institution

c) Bankd) Construction Company

Q556. EXIM Policy (1997-2002) declared on 31st March, 1997 had abolished:a) QBAL

b) VABALc) DEPB






Q557. The first public sector bank in India which obtained license for InternetBanking from RBI is:a) Oriental Bank of Commerce

b) ICICI Bank

c) Punjab National Bankd) State Bank of India

Q558. Narsimham committee recommended to make banking structure of thecountry______:a) Two Tier

b) Three Tier

c) Four Tierd) Five Tier


Q559. State Bank of India, Antwerp was opened on the_____:a) 16 July, 1983

b) 15th July, 1983c) 17 July, 1983

d) None of These

Q560.SBI was established on:

a) 1 July, 1955

b) 4 July, 1955

c) 1 April, 1955

d) None of These

Q561.Which of the following is not a state bank group subsidiary:a) State Bank of Travancore

b) State Bank of Saurashtra

c) State Bank of Indore

d) State Bank of Allahabadd) None of These





Q562.Which among the following complaints not dealt by SEBI:

a) Complaints falling under the purview of the regulatory bodies like RBI, IRDA,

PFEDA, CCI, FMC etc.

b) Complaints regarding Pension Fund

c) Complaints regarding Commodities

d) All of Above

e) None of These

Q563. SCORES stands for:

a) SEBI Complaints Redress System

b) Special Complaints Redress System

c) Sources for Complaints Redress System

d) None of These

Q564. SEBI conducts ______ and _______action in its executive function and itpasses ruling and orders in its judicial capacity:

a) Efficient and Effective

b) Investigation and Enforcement

c) Regulation and Leadership

d) None of These

Q565. The rolling cycle of T + 2 means, Settlement is done in______after tradedate:

a) 2 Days

b) 2 Months

c) 2 Weeks

d) None of These

Q566.The Central Office of the Reserve Bank was permanently moved to Mumbaiin _____:

a) 1934

b) 1937

c) 1935

d) None of These





Q567. Management of RBI consists of (Regarding Governor and DeputyGovernors):a) 1 Governor + 3 Deputy Governorb) 1 Governor + 4 Deputy Governorsc) 1 Governor + 5 Deputy Governorsd) None of These

Q568.The BFS's board member are appointed for term of :

a) 2 years

b) 3 years

c) 4 years

d) None of These

Q569. The Deputy Governor in charge of banking regulation and supervision, isnominated as the ________of the (BFS) board:

a) Head

b) Vice-Chairman

c) President

d) None of These

Q570.When a Bank returns a cheque unpaid, it is called:

a) Dishonor of the Cheque

b) Cheque Bounce

c) Both Dishonor and Bounce of the Cheque

d) None of these

Q571.Mortgage is Security on:

a) Immovable Property

b) Movable Property

c) Both Movable and Immovable Property

d) None of these

Q572. Full form of FINO:

a) Financial Information Network and Operation Limited





b) Finance Information Network Organization

c) Finance in Network Organization

d) None of these

Q573. The reserves which can act as liquidity buffer for commercial banks duringcrisis times are:a) CRR and SLRb) Only CRR

c) Only SLR

d) None of these

Q574. Money Laundering is:a) Conversion of money which is illegally obtainedb) Conversion of money which is legally obtained

c) All converted money

d) None of these

Q575. Interest on savings bank account now calculated by the banks on:a) Daily Product Basisb) Monthly Product Basis

c) Weekly Basis

d) None of these

Q576.Where are four regional centres of RBI located?a) Mumbai, Kolkata, Chennai and Delhi.b) Kolkata, Chennai, Mumbai, Gujrat

c) Gurarat, Mumbai, Kolkata, Delhi

d) None of these

Q577.Who is the CEO of NITI Aayog ?a) Sindhu Shri Khullarb) Arvind Panagariya

c) Narendra Modi

d) Arvind Kejriwal

e) None of these





Q578. Which among the following is the oldest Public Sector Bank of India?

a) Punjab National Bank

b) Central Bank of India

c) Allahabad Bank

d) Bank of Baroda

e) State Bank of India

Q579. "Good People to Grow with" is the slogan of:a) Indian Overseas Bankb) HDFC

c) Jammu & Kashmir Bank


Q580. Slogan of Punjab & Sindh Bank is:a) Smart way to Bank

b) Where Service is a way of Lifec) The Changing Face of Prosperity


Q581. Which among the following is correct:a) Syndicate Bank - Your Faithful and Friendly Financial Partner

b) UCO Bank - Honors Your Trust

c) United Bank of India - The Bank that begins with U


Q582. "A Friend You Can Bank Upon" is the slogan of:a) Punjab National Bank

b) Vijaya Bankc) Yes Bank


Q583. "Your Right Partner" is concerned with which bank:a) Royal Bank of Scotland

b) Standard Chartered Bank





c) CITI Bank


Q584. Headquarter of IRDA is situated at:a) Hyderabadb) Karnataka

c) Uttar Pradesh


Q585. Head office of SEBI is located at:a) Gujarat

b) Mumbaic) Dispur


Q586. Head office of "Punjab National Bank" is located at:a) New Delhib) Chandigarh

c) Patiala


Q587. Head office of "Axis Bank" is situated at:a) Bagalore

b) Mumbaic) Pune


Q588. Headquarters of "Indian Overseas Bank" is located at:a) Chennaib) Trivendrampuram

c) Pune


Q589. RBI was established on:a) 1 April, 1936

b) 1 April, 1935





c) 1 April 1939


Q590. RBI was nationalized in:a) 1949b) 1950

c) 1951


Q591. Punjab National Bank was actually formed in:a) 1894b) 1892

c) 1896


Q592. Which Indian Bank's logo contains image of "Dog":a) Vijaya Bank

b) Dena Bank

c) Syndicate Bankd) None of The Above

Q593. Lala Lajpat Rai was the founder of which among the following banks:a) State Bank of Patiala

b) Punjab & Sind Bank

c) Punjab National Bankd) None of The Above

Q594. Which among the following is correct about slogans of different banks:a) State Bank of Travancore - A Long Tradition of Trust

b) Syndicate Bank - Your Faithful and Friendly Financial Partner

c) UCO Bank - Honours Your Trust


Q595. "A Friend You can Bank Upon" is the slogan of:a) Vijaya Bankb) United Bank of India





c) Dena Bank


Q596. Headquarter of Vijaya Bank is located at:a) Mumbai

b) Bangalorec) Hyderabad


Q597. Canara Bank's Headquarter is located at:a) Bangaloreb) Mumbai

c) New Delhi


Q598. Main Headquarter of 'Bank of Baroda' is located at:a) Mumbai, Maharashtra

b) Vadodara, Gujaratc) Mangalore, Karntaka


Q599. 'Chennai' is the headquarter of:a) Indian Bank

b) Indian Overseas Bank


Q600. 'Kolkata' is the headquarter of :a) Allahabad Bank

b) UCO Bank

c) United Bank of India


Q601. Which among the following banks are related with 'Mumbai' due toheadquarters:





a) Bank of India, Central Bank of India, Dena Bank and HDFC Bank, Axis Bank only

b) ICICI Bank, IDBI Bank,State Bank of India,Union Bank of India and Yes Bank only

c) Punjab National Bank, Punjab & Sind Bank, Oriental Bank of Commerce only

d) Both (a) and (b)e) Both (b) and (c)

f ) None of The Above

Q602. Which among the following is richest country in the world:a) United State of America

b) Japan

c) Germany

d) South Korea

e) Qatarf) None of The Above

Q603. Mascot Slogan of 'Andhra Bank' contains the image of which among thefollowing animal/bird:a) Dog

b) Lion

c) Pigeon

d) Dolphine) None of The Above

Q604. Friendly, Intelligent and Responsive is the mascot slogan of:a) Andhra Bankb) Allahabad Bank

c) Syndicate Bank


Q605. Public Sector Banks are:a) More people visit these banks

b) RBI or Government of India or Both have at least 51% shares in the bankc) Banks run by government having directors elected by public


Q606. Which bank launched 'Mobicash easy' scheme:





a) State Bank of Patiala

b) State Bank of Indiac) Axis Bank

d) ICICI Bank


Q607. Coins in India are minted at:a) Hyderabad

b) Kolkata

c) Noida

d) Mumbai


Q608. All the financial issues of Agriculture are dealt by which among thefollowing banks:a) RBI

b) SBI

c) NABARDd) None of The Above

Q609. If you buy a financial instrument in one market in order to sell the sameinstrument in another market at higher price, it will be called as:a) Brokerage

b) Arbitragec) Forfeiture of Instrument


Q610. AER stands for:a) Average Earnings Rate

b) Annual Earnings Ratec) Appropriate Earning Rate


Q611. _______is a machine, activated by a magnetically encoded card or othermedium that can process a variety of banking transactions:a) MICR





b) Bar Code Reader

c) ATMd) None of The Above

Q612. Which among the following is incorrect about Bank Ombudsman:a) Bank Ombudsman scheme was first introduced in 1995 but start in operations from 2006

b) Bank Ombudsman has the power to solve banking complaints.

c) Bank Ombudsman acts as the one of representative of Reserve Bank of India in order to

implement RBI's rules and regulations

d) All of The Above


Q613. The commission charged by a broker is ______:a) Brokerage Interest

b) Brokerage Feec) Brokerage Profit


Q614. ______is a short term and unsecured promissory notes issued bycorporations with very high credit standings:a) Commercial Paperb) Cheque

c) Corporate Bond


Q615. CBS stands for:a) Code Banking Solutions

b) Core Banking Solutionsc) Central Banking Solutions


Q616. Slogan of Corporation Bank is:a) Working for a better tomorrow

b) Trusted Family Bank

c) Prosperity For Alld) None of The Above





Q617. "Blending Modernity with Tradition" is the slogan of:a) State Bank of Patialab) Where Service is a way of life

c) A Long Tradition of Trust


Q618. Head Office of SBI is situated at:a) Mumbai, Maharashtrab) Kolkata, West Bengal

c) New Delhi


Q619. Usha Ananthasubramanian is the current chairman and managing directorof:a) PNBb) SBI

c) Bhartiya Mahila Bank

d) None of The AbovePrior to joining the Punjab National Bank, Usha Ananthasubramanian was Chairman &Managing Director of Bharatiya Mahila Bank. During the period from July 2011 to November2013, she was the Executive Director of Punjab National Bank. Now at PNB.

Q620. Arundhati Bhattacharya is concerned with:a) ICICI Bank

b) State Bank of Indiac) Corporation Bank


Q621. Head Office of "Oriental Bank of Commerce" is located at:a) New Delhi

b) Gurgaon, Haryanac) Gandhi Nagar


Q622. IRDA stands for:a) Investment Regulatory Development Authority





b) Insurance Regulatory Development Authorityc) Indian Regulatory Development Authority


Q623. IBA stands for:a) Indian Bank's Associationb) Investment in Bank's Association

c) Initial Bond Assessment




Banking Awareness Questions Bank : v3

www.BankExamsToday.Com Page 1

1. What is/are the RBI Guideline(s) for the development of Internet Rate Swaps? (a) Banks can use IRS for hedging and trading both

(b) MIFOR is a benchmark for IRS

(c) Under ISDA agreement Banks can opt for dual Jurisdiction i.e., Indian as well as common law

(d) All of the above

2. Which of the following agencies is associated with the business of Insurance sector as a regulator? (a) NPCI

(b) IRDA

(c) SEBI

(d) AMFI

3. The hundred rupee currency note in India bears the signature of (a) Finance Minister of India

(b) Prime Minister of India

(c) President of India

(d) Governor of the RBI

4. Which of the following terms is not used in banking and Finance? (a) Capital gain

(b) Plan Finance

(c) Market risk

(d) Apartheid

5. Which of the following Rates/Ratios is not covered under the Monetary and credit Policy of the RBI? (a) Bank Rate

(b) Repo Rate

(c) Cash Reserve Ratio

(d) Exchange Rate of Foreign Currencies

6. The largest Bank in the world in the matter of number of branch offices is (a) Banks of America NT & SA

(b) State Bank of India

(c) Barclays Bank

(d) Citi Bank

7. "Hot Money" means (a) Money earned through illegal transactions

(b) money earned through speculative transaction

(c) money used to hoard scarce commodities

(d) Short-term capital movements from one country to another seeking safety or, less often, higher rate of interest

8. "Free zone" or "free trade zone" denotes (a) an area where there are no restrictions of any kind on trading activities

(b) an area where there is free from any kind of taxes

(c) an area near a seaport or airport in which goods can be imported duty-free, if they are to be re-exported or used in the

manufacture of goods for export

(d) an area where no license is required for import of goods.

9. Every bank wishing to commence banking business in India is required to obtain a license from



(a) Government if India, Ministry of Finance

(b) Government of India, Company Law Board

(c) Reserve Bank of India

(d) Registrar of Companies

10. Financial literacy is a serious issue for RBI because (a) It would enable better understanding of banking business

(b) With better understanding more and more people would utilise the banking services

(c) It would mean banks can do more business

(d) It would mean the maximum number of people

11. Certificates of Deposit may be issued by (a) Select all-India Financial Institutions that have been permitted by RBI to raise short-term resource

(b) Local Area Banks (LABs)

(c) Scheduled commercial banks excluding Regional Rural Banks


12. The material difference between debentures and bonds is/are (a) Debentures are governed by relevant provisions of company law

(b) Debentures are transferrable on registration

(c) Bonds are negotiable instrument governed by law of Contract


13. "Bridge Loan" Denotes (a) Interim finance by a bank pending disbursement of term loan by financial institutions

(b) Loan granted to Public Works Department for construction of bridge over big rivers

(c) a product aimed at financing construction companies for construction of bridge

(d) Loan granted for building of bridges which has been World Bank

14. Expand BIFR (a) Board for Industrial and Financial Reconstruction

(b) Bureau for Industrial and Financial Reconstruction

(c) Board for Investment and Financial Reconstruction

(d) Bureau for Investment and Financial Reconstruction

15. In case of Life Insurance policies for whole -life, the insured amount is payable (a) After a specified period

(b) On the death of the policyholder

(c) On demand by the policyholder

(d) Upon maturity of the policy or death of the policyholder whichever happens earlier

16. SEBI guidelines have prescribed that giving Permanent Account Number ( PAN) is must for (a) All current A/c

(b) All Housing Loan A/c

(c) All saving Bank A/c

(d) All Demit A/c

17. While taking book debts as a security against banker's advances, an appropriate form of charge is (a) Mortgage

(b) Pledge

(c) Hypothecation



(d) Assignment

18. An account should be treated as ' out of Order' if (a) The outstanding balance remains continuously in excess of the sanctioned limit/drawing power

(b) There are no credits continuously for 90 days as on the date of Balance sheet even though the outstanding balance in

the account is less than the sanctioned limit/drawing power

(c) Credit are not enough to cover the interest debited during the same period


19. As per the directives issued by RBI, a cash credit or overdraft account will be treated as Non-performing Asset

if (a) The account remains 'out of order'

(b) There are no credits in the account in the month in which interest is applied

(c) The debit balance in the account has exceeded the sanctioned limit during the reporting month

(d) Any of the above

20. Which of the following is correct regarding Capital Adequacy ratio? (a) The objective of Capital adequacy is to strengthen the financial stability of banks.

(b) Capital is divided into two tiers, tier-I and tier-II.

(c) Assets are assigned risk weight from 0-100 based on intensity of risk .


21. Rural Infrastructure Development fund (RIDF) is financed by (a) Selected group of public Sector Banks

(b) Ministry of Rural Development


(d) NABARD

22. "Ways and Means" advances are provided by Reserve Bank of India only to (a) Central Government

(b) State Government

(c) Both A and B

(d) None of these

23. The bank conducts Government business as an agent of (a) Union and state Government

(b) Reserve Bank of India

(c) State Bank of India

(d) Both A and B

24. Many times we see in newspapers that some projects are launched by the government authorities on 'PPP'

basis. What is the full form of PPP? (a) Preferential Payment Plan

(b) Public-Private Partnership

(c) Partial Payment Project

(d) Popular Private Project

25. The government of India recently decided to allow Currency Futures in India. In addition to Ministry of

Finance, which is/are the other organisation(s) whose permission/approval is needed for such operations in India? 1. International Monetary Fund (IMF)

2. Reserve Bank of India (RBI)



3. Securities and Exchange Board of India (SEBI)

A. Only 1

B. Only 2

C. Only 3

D. Only 2 and 3

26. The Reserve Bank of India has decided to help banks, as a temporary measure, by providing additional

liquidity support under LAF. What is the full form of LAF? (a) Loan Adjustment Fund

(b) Liquidity Adjustment Facility

(c) Long Awaited Funds

(d) Loan against Funds

27. Which of the following is/are different categories of Inflation? 1. Open and suppressed

2. Cost push

3. Demand pull

A. Only 1

B. Both 1 and 2

C. Both 2 and 3

D. All of these

28. The process of the total valuation of the financial capital assets of a country is technically known as (a) Market Capitalization

(b) Gross Domestic product

(c) Net wealth of the country

(d) Gross Domestic Resources

29. Very often we read about Special Economic Zones (SEZs) in newspapers. What was the purpose of promoting

SEZs in India? 1. To promote exports.

2. To attract investment from foreign countries

3. To help poorest of the poor’s in India as the activities of these zones are reserved only for poor’s and those living below

poverty line

A. Only 1

B. Only 2

C. Only 3

D. Both A and B only

30. Which of the following is the full form of the term SLR as used in the banking sector? (a) Social Lending Ratio

(b) Statutory Liquidity Ratio

(c) Scheduled Liquidity Rate

(d) None of these

31. When the common people of a nation start getting very high salary or wages , the consumption of the goods like

eatables and white goods, also start increasing .This situation brings which of the following types of inflation in the

economy? 1. Cost-push inflation

2. Demand pulls inflation

3. Low inflation



A. Only 1 & 3

B. Only 2

C. Only 3

D. All of these

32. Which of the following decisions taken by the RBI will promote the concept of financial inclusion in the country

? (a) To appoint some additional entities as business correspondents

(b) To collect reasonable service charges from the customer in a transparent manner for providing the services

(c) To ask the banks to open at least 50 new accounts daily in non-serviced areas

(d) Only A & B'

33. Bank Rate means the rate of interest (a) Charged by commercial banks from borrowers

(b) At which commercial banks discounted bills of their borrowers

(c) Allowed by commercial banks on their deposits

(d) At which RBI purchases or rediscounts bills of exchange of commercial banks

34. Agricultural Term Loan is repaid out of

(a) cash accrual

(b) sale proceeds of crop

(c) net incremental income

(d) annual savings of the farmer

(e) None of these

35. Which of the following is/are true about the “sub-Prime crisis"? 1. It is a Mortgage Crisis referring to credit default by the borrowers.

2. Sub-Prime Borrowers were those borrowers who were rated low and were high-risk borrowers.

3. This crisis originated of negligence in credit rating of the borrowers

a. Only 1

b. Only 2

c. Only 3

d. All of these

36. What is Future Trading? 1. It is nothing but a trade between any two stock exchanges wherein it is decided to purchase the stocks of each other at a

fixed price throughout the year.

2. It is an agreement between two parties to buy and sell an underlying asset in the future at a predetermined price.

3. It is an agreement between a stock exchange that they will not trade the stocks of each other under any circumstances

in future or for a given period of time.

a. only 1

b. Only 2

c. Only 3

d. All of these

37. Which of the following correctly describes the concept of 'Nuclear Bank' floated by International Atomic

Energy Agency? 1. It is nuclear fuel bank to be shared by the entire nation jointly.

2. It is a facility to help nations in enrichment of uranium

3. It is an agency which will keep a close vigil on the nuclear programmer of all the nations

a. Only 1



b. Only 2

c. Both 1 and 3 only

d. Only 3

38. One of the major emphasis of Basel II is that banks should have (a) Adequate Capital adequacy Ratio

(b) Only a few branches in urban centres

(c) More and more branches in rural areas

(d) Core banking mode of operations

39. The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form (a) Reserve Bank of India

(b) Imperial Bank of India

(c) Bank of India

(d) Union Bank of

(e) None of these

40. The period of twelfth 'Five-year plan' of India is (a) 2009- 2014

(b) 2008- 2013

(c) 2007 - 2012

(d) 2012 - 2017

(e) 2010 - 2015

41. Interest rate risk is a type of (a) Credit risk

(b) Market risk

(c) Operational risk

(d) All of the above'

(e) None of these

42. Which bank was earlier called the 'Imperial Bank of India ? (a) RBI

(b) SBI

(c) UBI

(d) PNB

(e) BOI

43. India's largest commercial bank is (a) Central Bank of India

(b) State Bank of India

(c) Indian overseas bank

(d) Bank of India

(e) PNB

44. The Monetary Policy of India is announced by (a) Prime Minister

(b) Governor of the RBI

(c) Union Finance Minister

(d) Union Commerce Minister

(e) None of these



45. Which of the following rates is NOT decided by the Reserve Bank of India? (a) Bank rate

(b) Repo rate

(c) Reverse Repo rate

(d) Income Tax rate

(e) None of these

46. Bank rate of RBI is also known as (a) Interest Rate

(b) Discount rate

(c) Fed Rate

(d) Bid rate

(e) None of the above

47. The limitation of CRR of RBI is (a) 3 -10%

(b) 3 -15%

(c) 15-38%

(d) 10 -25 %


48. The apex organisation of Indian money market is (a) SBI

(b) SEBI

(c) RBI

(d) IRDA


49. If the cash reserve is lowered by RBI, what will be its effect on credit creation? (a) Decrease

(b) Decreased 10%

(c) Increase

(d) No Change

(e) None of These

50. Which of the following banks merged with Punjab National Banks in 1993? (a) New Bank of India

(b) Central Bank of India

(c) Imperial Bank of India

(d) Common Bank of India

(e) None of these

51. How many language are used on a Ten Rupee note ? (a) 2

(b) 7

(c) 10

(d) 15

(e) 16

52. The place where bankers meet and settle their mutual claims and accounts is known as



(a) Treasury

(b) Clearing House

(c) Dumping house

(d) Collection center

(e) None of these

53. The largest public sector bank in India is (a) SBI

(b) PNB

(c) RBI

(d) ICICI


54. The Unit Trust of India came into being in a. 1960

b. 1961

c. 1962

d. 1963

e. 1964

55. Which of the following is/are an example (s) of financial assets? a. National Savings Patra

b. Krishi Vikas Patra

c. Indira Vikas Patra

d. Infrastructure Bonds

e. All of the above

56. The capital market is a market which deals in

a. Short - term funds

b. Long- term funds

c. Gilt - edged securities

d. All of the above

e. None of the above

57. Regional Rural Banks (RRBs) fall within the regulatory purview of

a. Reserve Bank of India (RBI)

b. State Bank of India (SBI)

c. Securities and Exchange Board of India (SEBI)

d. Insurance Regulatory and Development Authority (IRDA)


58. Insurance Regulatory and Development Authority (IRDA) with its headquarters at _______ is the regulatory

authority for all insurance companies in India including the Life Insurance Corporation of India. a. Hyderabad

b. Bengaluru

c. Mumbai

d. Delhi

e. Lucknow

59. Mutual Funds fall within the supervisory purview of a. Reserve Bank of India (RBI)



b. State Bank of India (SBI)

c. Insurance Regulatory and Development Authority (IRDA)

d. Securities and Exchange Board of India (SEBI)

e. None of these

60. Which of the following does not come under the category of Development Banks? a. Industrial Development Bank of India

b. Export – Import (Exim) Bank

c. Industrial Investment Bank of India

d. State Finance Corporation

e. Small Industries Development Bank of India

61. Main financial instruments of corporate sector are

(i) Shares

(ii) Debentures

(iii) Public Deposits

(iv) Loan from Institutions Select the correct answer by using of the following codes

a. i and ii

b. ii and iii

c. iii and iv

d. i,ii and iv

e. All i, ii ,iii and iv

62. Financial institutions a. mobilize savings

b. promote savings

c. allocate savings among different users

d. All of the above


63. Which of the following is not an example of primary securities? a. Bills

b. Bonds

c. New currency

d. Book debts

e. Shares

64. Indian Financial System comprises of a. Scheduled Commercial Banks

b. Non- Banking Financial Institutions

c. Urban Cooperative Banks

d. Unorganised sectors

e. All of the above

65. The Bombay Stock Exchange came into being in a. 1887

b. 1901

c. 1885

d. 1875

e. 1849



66. The Unit Trust of India come into existence in a. 1964

b. 1965

c. 1975

d. 1985

e. 1952

67. How many commercial banks were nationalised on 19 July 1969?

a. 13

b. 14

c. 15

d. 18

e. 22

68. How many nationalised banks working in India as on 2013? a. 19

b. 24

c. 26

d. 28

e. 32

69. New Private Banks are being given licenses since a. 1991

b. 1992

c. 1993

d. 1995

e. 2001

70. The gilt - edged market refers to the market for

(i) Government securities

(ii) Semi - government securities

(iii) Corporate securities Select the correct answer

a. only i

b. i and ii

c. ii and iii

d. i,ii and iii

e. only iii

71. First share market in India was established in a. Delhi

b. Kolkata

c. Mumbai

d. Hyderabad

e. Bengaluru

72. Consider the following statements:

(i) Securities that have an original maturity that is greater than one year traded in capital markets.

(ii) The best-known capital market securities are stocks and bonds

Select the correct answer



a. (i) is true and (ii) is false

b. (i) is false and (ii) is true

c. Both are true

d. Both are false


73. Consider the following statements:

(i). Securities that have an original maturity that is greater than one year are traded in money markets.

(ii). the best-known money market securities are stocks and bonds a. (i) is true and (ii) is false

b. (i) is false and (ii) is true

c. Both are true

d. Both are false


74. Which of the following services is introduced recently by the Reserve Bank of India and SEBI in India for the

first time ? (a) Trading of Currency futures.

(b) The opening of NRI Accounts in Indian Currencies

(c) Foreign Direct Investment through participatory Notes(PNs) by the Foreign Institutional Investors.

A. Only 1

B. Only 2

C. Only 3

D. All of these

75. Which of the following is NOT the part of the organised sector of Indian Money Market? (a) Mutual Funds

(b) Non-Banking Financial Companies

(c) Unit Trust of India

(d) Chit Funds

76. Which of the following banks has taken over the Centurion Bank of Punjab > (a) ICICI Bank

(b) IDBI Bank

(c) HDFC Bank

(d) AXIS Bank

77. The rate of interest on Savings Bank Account is stipulated by : (a) The concerned bank

(b) RBI

(c) Indian Banks Association

(d) Government of India

78. Many times we read a term CBS used in banking operation.What is the full form of the letter 'C' in the term

'CBS' ? (a) Core

(b) Credit

(c) Continuous

(d) Complete



79. The securities & Exchange Board of India (SEBI) has asked all Falls to divulge the structure of their offshore

entities .What purpose will it serve ? (a) To identify if there is any flow of funds from some questionable sources

(b)To know how much money Falls are planning to invest in India in 2010-11.

(c) To forecast the possibility of any financial crisis in near future.

a. Only 1

b. Only 2

c. Only 3

d. All of these

80. Many a time we read in the newspapers that RBI has changed or revised a particular ratio/rate by a few basis

points.What is basis point ? (a) Ten percent of one-hundredth point

(b) One hundredth of 1%

(c) One hundredth of 10%

(d) Ten per cent of 1000

81. Which one of the following is/are implications (s) of the large inflow of foreign exchange into the country ? (a) It makes monetary management difficult for RBI

(b) It creates money supply, asset bubbles and inflation.

(c) It weakens the competitiveness of Indian exports.

A. Only 1.

B. Only 2.

C. Only 3.

D. All of these

82. Nowadays we frequently read news items about "Derivatives" as used in the world of Finance and money

market, which of the following statements correctly describe(s) a derivative and how it affects money/ finance

market? (a) Derivatives enable individuals and companies to insure themselves against financial risk.

(b) Derivatives are like fixed deposits in a bank and are the safest way to invest one's idle money lying in a bank.

(c) Derivatives are the financial instruments which were used in India even during the British Raj.

A. Only 3

B. Only 2

C. Only 1

D. All of these

83. IMF and the World Bank were conceived as institutions to '(a) Strengthening international economic co-operation and to help create a more stable and prosperous global economy

(b) IMF promotes international monetary cooperation

(c) The World Bank promotes long-term economic development and poverty reduction

(d) All of these

84. What is the deadline to connect digitally all post offices in rural areas in the country? a) January 2018

b) February 2017

c) March 2017

d) April 2018

e) June 2019

85. The National Housing Bank is a subsidiary of



a) RBI

b) NABARD

c) IDBI

d) SEBI

e) None of these

86. What is the full form of “NDTL” ? a) Net Demand and Term Liability

b) Net Demand and Time Liability

c) New Demand and Term Liability

d) Net Demand and Term Liquidity

e) None of these

87. Treasurybills or T-bills, which are money market instruments, are short-term debt instruments issued by a) Reserve Bank of India

b) Individual Banks

c) Government of India

d) IRDA

e) Corporate & Financial Institutions

88. What is the correct expansion of the term MUDRA ? a) Micro Undertakings Development and Refinance Authority

b) Micro Units Development and Refinance Agency

c) Micro Undertakings Development and Restructuring Agency

d) Mini Units Development and Restructuring Authority

e) None of these

89. MICR code is used for

a) Electronic Clearance of Cheques

b) Electronic Funds Transfer

c) Code Banking Solution

d) Cheque Truncation Services

e) None of these

90. In which city of India will The Islamic Development Bank (IDB) open its first branch? a) Ahmedabad

b) Lucknow

c) Ajmer

d) Raipur

e) None of these

91. With reference to the insurance and banking sector, which of the following is the most appropriate explanation

of „PIN‟? a) Postal Index Number

b) Personal Index Number

c) Personal Identification Number

d) Personal Information Number

e) Permanent Identification Number

92. The rate at which the central bank of a country lends money to commercial banks in the event of any shortfall of funds is called



a) Call Rate

b) CRR

c) Bank Rate

d) Repo Rate

e) SLR

93. In a bid to curtail domestic black money flow, the finance ministry has announced that it will be mandatory to

furnish permanent account number (PAN) for all transactions above Rs.________ through all payment modes with

effect from January 1, 2016. a) Rs. 1 lakh

b) Rs. 2 lakh

c) Rs. 3 lakh

d) Rs. 4 lakh

e) None of these

94. "Once a bearer is always a bearer " means that (a) Where a cheque is originally expressed to be the bearer to the bearer, the banker is discharged by payment in due

course to the bearer.

(b) Banker can pay the cheque to the bearer irrespective of any endorsement whether in full or in blank appearing thereon,

notwithstanding that any such endorsement purports to restrict or exclude further negotiation

(c) Both A and B

(d) None of the above

95. Banking Ombudsman entertains complaints involving (a) Delay in collection of cheques

(b) Deficiency in cash transactions

(c) Non-issue of demand drafts

(d) all of the above

96. Banks stipulate interest rate on loss and advances based on (a) Borrower's experience

(b) Track record

(c) Credit rating

(d) None of these

97. Expand 'VIRUS" in computer parlance. (a) Variable Integrated Risks under Surveillance

(b) vital Information Resource Under Siege

(c) Very Independent Resource Under Seizure


98. Expand “SHIPI ". (a) State Bank Heritage Private Institute

(b) SBI Handicapped Standards Board

(c) Self Help Promotion Institution


99. Expand IASB. (a) International Accounting standards Board

(b) Indian Accounting Standards Boards

(c) Internal Accounting Standards bureau



(d) Indian accounts Standards Board

100. INFINET Stands for (a) Internal Financial Networking

(b) International Financial Networking

(c) Indian Financial Network

(d) Inland Financial Network

101. The full form of RBS is (a) Risk Based Supervision

(b) Rating by System

(c) Role Based supervision

(d) Rating Bank security

102. State Bank of India has........ circles. (a) 9

(b) 12

(c) 14

(d) 16

103. Under hire -purchase system, the buyer becomes the owner of goods immediately after the (a) delivery of goods

(b) down Payment

(c) signing of the of the agreement

(d) payment of the last instalment

104. Under hire -purchase system, the asset can be got ensured by (a) Buyer

(b) Seller

(c) Both A and B

(d) None of these

105. National Income of India's estimated by (a) Central Estimates Survey Committee

(b) National sample Survey Committee

(c) Central Statistical Organization

(d) Finance Ministry

106. The definition of “Customer" is available under (a) Negotiable Instruments Act, 1881

(b) Consumer Protection Act, 1986

(c) Banking Regulation Act, 1949

(d) KYC Guidelines

107. The Law relating to appropriation of payments is contained in (a) The Negotiable Instruments Act, 1881

(b) The Banking Regulation Act 1949

(c) The Contract Act, 1872

(d) The Companies Act, 1956

108. Teller System has been introduced in almost all the banks. Its purpose is



(a) to create more jobs

(b) to improve public relations

(c) to slash down the waiting time for encasing cheques

(d) to eliminate duplication of work

109. Which of the following types of companies /organisation issue „ULIP‟? (a) Insurance Companies

(b) Banks

(c) NABARD

(d) RBI

110. Which of the following is not a term related to banking/finance operations? (a) Provision Coverage Ratio

(b) Securitization

(c) Consolidation

(d) Commodification

111. "Primary Deficit" refers to

(a) Fiscal Deficit minus Interest Payments

(b) Budget Deficit minus Interest Payments

(c) Monetary Deficit minus Interest Payments

(d) Deficit Financing by 91 -day ad hoc treasury bills

112. Banker may reduce lending risk by (a) Ensuring that there will be no default on account of lack of willingness to pay on the part of the borrower

(b) Ensuring that there will be no problem of liquidity with the borrower

(c) Obtaining adequate security

(d) all of the above

113. Bankers have to maintain secrecy of customers accounts as per the provisions of (a) Banking Companies Act, 1970

(b) Negotiable Instruments Act, 1881

(c) Banking Regulation Act, 1949


114. Banking Code & Standards Board of India (BSSBI) has been set up for providing details of banking and to

create awareness of banking. BCSBI has been set up by (a) SBI

(b) RBI

(c) Ministry of finance

(d) None of these

115. A mortgage involves

(a) transfer of ownership

(b) transfer of possession

(c) transfer of interest


(e) None of these

116. In NRE account, rate of interest is linked to



(a) LIBOR

(b) Bank

(c) PLR

(d) RBI

117. In the money market operations , the item widely accepted is (a) Inter Bank Participation Certificate

(b) Certificate of Deposits

(c) Treasury Bills


118. To meet a significant increase in demand for bank credit, a bank may (a) Make use of excess reserves

(b) Borrow from other banks

(c) Borrow from the Reserve Bank of India


119. "White Card” is a (a) Co-branded credit Card without logo of the issuer

(b) Credit Card wit logo of both issuer and sponsor

(c) Litchi Card issued i Uttaranchal

(d) Card used in football by the referee.

120. Under the Credit Guarantee Trust for Medium & Small Enterprises (CGTMSE), loans and advances to

Educational Institution are (a) Covered

(b) Not covered

(c) CGTMSE is silent about covering the loans to Educational Institutions


121. When a Bank Guarantee is invoked by the beneficiary either in writing or by telex or telegram, the Bank

issuing the Guarantee will (a) have to effect payment without delay or demur

(b) have to pay within three working days

(c) pay after being satisfied that the beneficiary suffered loss


122. "Claused Bill of Lading" is the one which indicates (a) No defects in packaging or condition of goods

(b) defective condition of package and goods

(c) No documents attached to it


123. "Cost Overrun" Means (a) Remaining constant in Project Cost

(b) Escalation in Project Cost

(c) Decrease in Project Cost

(d) None of the above'

124. "Dark Block" is an area where (a) literacy rate is below 15 percent



(b) people below the poverty line are more than 90 per cent

(c) underground source of water is not available

(d) more than 85 per cent exploitation has taken place on the available underground water

125. "Hedging" denotes (a) Protecting against fluctuations/ uncertainty risk in forex markets

(b) Credit risk assessment in respect of advances

(c) Speculative buying/selling of foreign currency


126. "Working Capital Gap " means (a) Excess of current assets over current liabilities other than bank borrowings

(b) Excess of current assets over current liabilities including WCTL

(c) Excess of current assets over current Liabilities


127. By "Repository” we mean (a) Balance held in non-currency chest branch

(b) Same as currency chest

(c) a part of Currency Chest


128. Code of Bank's Commitment deals with our commitments in the area of (a) Sanction of advances

(b) Steps taken against Frauds

(c) Standard Banking practices in customer services


129. Currency Chest is the property of (a) State Bank of India

(b) Government of India


(d) None of these

130. Which of the following rates decided by the RBI is called "Policy Rate "? (a) Lending Rate

(b) Cash Reserve Ratio

(c) Bank Rate

(d) Deposit Rate

131. Loan given by the banks to farmers/small shop owners etc. is known as (a) Corporate loan

(b) Business loan

(c) Priority sector loan

(d) Commercial Loan

132. The Head office of which of the following banks is in Mumbai ? (a) Punjab National Bank

(b) Bank of Maharashtra

(c) UCO Bank

(d) Union Bank of India



133. Which of the following is NOT a type of cheque issued by an individual? (a) Bearer cheque

(b) Order cheque

(c) Crossed cheque

(d) Savings cheque

134. What is Financial Inclusion ? (a) To provide a permanent employment to the unemployment

(b) To provide a 100 days job to all those who are in need of a job

(c) To provide banking services to all living in remote areas

(d) To ensure that all financial transaction amounting Rs. 5,000/- and above are done through banks.

135. Which of the following places in India does not have a stock Exchange? (a) Kolkata

(b) Ahmedabad

(c) Mumbai

(d) Udaipur

136. Which of the following is the name of private sector Bank in India? (a) IDBI Bank

(b) Axis Bank

(c) Corporation Bank

(d) UCO Bank

137. In order to avoid crowding of customers wanting to withdraw cash in the branches, banks have provided

many delivery channels. Which of the following is one of the most popular Channels of getting instant hard cash? (a) Core Banking Solution

(b) Pay orders

(c) Demand Drafts

(d) Automated Teller Machines.

138. Current accounts can be freely opened by (a) All NRIs

(b) All businessmen

(c) Government department

(d) HUFs

139. SIPs are an investment option also operated in the mode of (a) Mutual Funds

(b) Small Savings Schemes in Post Officers

(c) National Pension Fund

(d) National Saving Certificates

140. Who amongst the following has suggested to the banks in India to give details of fund transfer to customers

via SMS/ E-mails? (a) Reserve Bank of India (RBI)

(b) India Bank's Association

(c) Indian Institute of Banking & Finance

(d) Securities & Exchange Board of India.



141. Which of the following products launched by most of the banks help farmers in getting instant credit for

various agricultural purpose ? (a) Kisaan Credit Card

(b) Personal Loan

(c) Business Loan

(d) None of these

142. Which of the following policies of the financial sectors is basically designed to transfer local financial assets

into foreign financial asset freely at market determined exchange rates? (a) Capital Accounts Convertibility

(b) Financial Deficit Management

(c) Minimum Support Price

(d) None of these

143. Which of the following products of a bank is specifically designed to provide financial help to children in their

higher studies in India or in a foreign nation? (a) Personal Loan

(b) Corporate Loan

(c) Educational Loan

(d) Mortgage Loan

144. Term Deposits Receipt is

(a) transferable by endorsement and delivery

(b) transferable by assignment

(c) cannot be transferred

(d) not negotiable

(e) None of these

145. The re-endorsement of unpaid bills of exchange in favour of the remitting bank or the accommodate to whom

they are returned must be followed by the words (a) In case of need please refer to

(b) Without resource to us

(c) Payable at the State Bank of India


146. The purpose of providing depreciation on the bank's property is (a) To reduce the profit of the bank

(b) to make usual allowances for annual wear and tear

(c) to enable the bank to recover this amount from the Reserve Bank of India

(d) to Strengthen the financial position of the bank

147. Bank Rate is

(A) a rate of interest charged by the commercial banks from the borrowers for advances against Government Securities

(b) the lowest rate of interest charged by the commercial banks from the borrowers

(c) the rate at which the Reserve Bank of India would rediscount bills of exchange or other eligible commercial papers,

or advance against eligible securities to the scheduled banks

(d) the rate at which commercial banks discount bill of exchange for their customers.

148. In case of a Hindu Undivided Family, when Karta dies leaving overdraft account (a) old account is closed and a new account opened



(b) Fresh HUF letter is obtained

(c) all the co-partners will operate on the account


149. In the Balance Sheet of a bank, contingent liabilities are shown (a) on the liabilities side of the Balance Sheet

(b) by way of a deduction from the assets

(c) by way of a footnote

(d) in the Schedule on the assets side of Balance Sheet

150. When a cheque with forged drawer's signature is paid by the bank , the paying banker is (a) protected if the cheque is paid in good faith and without negligence

(b) protected if the forgery could not have been detected with the exercise of reasonable care and prudence

(c) not entitled to debit the drawer's account with the amount of the cheque

(d) liable to the drawer only if there has been no contributory negligence on the part of the drawer

151. In the matter of handling bills of exchange for collection, the relationship between customer and the bank is : (a) trustee and the beneficiary

(b) Principal and agent

(c) bailor and bailee


152. A Scheduled bank is the one which (a) conforms to the requirement of schedule III of the Banking Regulation Act, 1949

(b) has been declared as a scheduled bank by the Government of India

(c) has deposits exceeding Rs . 10 Crore

(d) has its name added to the second scheduled of the Reserve Bank of India Act, 1934

153. When a cheque duly signed by the drawer, with particulars written in a hand –writing different

from that of the drawer id presented for payment (a) the bank will refuse payment of the cheque as there is a distinct possibility of the cheque signed in blank having been

stolen from the drawer and hence, the branch is put on enquiry.

(b) the bank will make the payment provided the cheque is otherwise in order

(c) the bank will make payment only to the authorised representative of the drawer


154. The concept of "Narrow Banking" was recommended by

(a) Khan Committee

(b) Nayak Committee

(c) Sodhani Committee

(d) Tarapore & Narasimham Committee

(e) None of these

155. The level of activity at which total revenue cost equals total sale value or when there is a "no profit" or "no

loss" situation, it is known as (a) Break Even Point

(b) Operating Profit

(c) Gross Profit

(d) Net Profit

(e) None of these

157. Examination of the document before making payments is the prime responsibilities of



(a) seller bank in the seller’s country

(b) buyers bank in the seller’s country

(c) negotiating bank


158. Standby Letter of Credit is a substitute of (a) Letter of Credit

(b) Guarantee

(c) Advise note

(d) None of these

159. “ e-stamping “ denotes (a) replacement of the traditional system of affixing postal stamps in postal services

(b) doing away with the need of banks to brand stamps on negotiable instruments manually

(c) sending message through e-mail, where no stamping is necessary

(d) replacing stamp duty required for payment of registration of properties and documents

160. “Disguised unemployment” denotes

(a) a situation where workers are disguised

(b) a situation where too many workers are doing a limited amount of work.

(c) a situation where workers are doing a limited amount of work


161. Expand “FINO”. (a) Fiscal Information Network Organization

(b) Financial Initiative for Network Operations

(c) Financial Information Network operation ltd

(d)None of the above

162. Expand “ LIBOR”. (a) London Inter-bank Offered Rate

(b) Legal Indian Borrowal Rate

(c) FEDAI Approved rates

(d) ID rate for PCFC

163. Expand “ NEFT”. (a) National Emergency Fund for Traders

(b) National Electronic fund Transfer

(c) National Emergency Fund Transfer

(d) National Electronic Financial Trust

164. Expand P.I.O” in relation to Right to Information, 2005. (a) Public Information Officer

(b) Principal Information Officer

(c) Press Information Officer

(d) None of these

165. Foreign Trade Policy is framed by (a) RBI

(b) EXIM Bank

(c) DGFT



(d) Ministry of Commerce

166. The “bank rate “ is (a) free to fluctuate according to the forces of demand and supply

(b) set by the Reserve Bank of India

(c) set by the Reserve Bank of India as directed as directed by the Union Ministry of Finance

(d) Set by the Reserve Bank of India as directed as directed by the Indian Banks’ Association

167. The term “exchange arbitrage “ is the (a) arbitration of exchange disputes

(b) simultaneous buying selling of foreign exchange to make a profit because interest rates vary in different countries

(c) simultaneous purchase of a currency in one market and its sale in another market wit a view to 23ealize profit

(d) buying of foreign currency to 23ealize a future profit when it appreciates

168. The law regarding negotiable instruments is contained in (a) The Bill of Exchange Act, 1881

(b) The Banking Regulation Act, 1949

(c) The Cheques Act, 1881

(d) The Negotiable Instruments Act, 1881

169. “Black Revolution “ is associated with (a) Tea plantation

(b) Coffee Plantation

(c) Rubber Plantation

(d) Printing Ink

170. “Channel Financing” means: (a) Financing of supply-delivery chain, i.e. dealer of identified large corporate entities financed by banks

(b) Laying of agriculture canals

(c) Financing through NBFCs


171. “form 61‟ is associated with (a) persons not in receipt to taxable income

(b) persons with agricultural income

(c) Both A and B


172. Which one of the following is not correctly matched? (a) Rural Credit : NABARD

(b) Industrial : SIDBI

© Rural Poverty : SJSRY

(d) Disguised : Subsistence unemployment agriculture

173. “Red Clause “ Letter of Credit is (a) when opening bank advises the advising bank to give advance to the exporter

(b) when advising bank informs the opening bank about credit given to exporter

(c) all the clauses are printed in red


174. A bank normally does not have to deal with an issue related to



(a) Payments and settlement system

(b) constractual rights of creditors

(c) intellectual property right

(d) cases of insolvency

175. Treasury bills are sold in India by a. Reserve Bank of India

b. State Governments

c. Commercial Banks

d. SEBI

176. Yuan is the currency of a. Japan

b. China

c. Korea

d. Indonesia

177. Which institution acts as reinsurer? a. New India Insurance

b. Life Insurance Company

c. General Insurance Company

d. United India Insurance

178. “Blue Card” denotes a. a credit card

b. a bebit card

c. a proposition by EU to attract highly qualified professionals from other countries

d. None of the above

179. The Headquarter of Asian Development Bank (ADB) is at a. Singapore

b. Manila

c. Hong Kong

d. Tokyo

180. Liquid assets means a. Cash only

b. Cash and debtors

c. Cash and Debtors (except bad debts)

d. Cash and Debtors (except bad debts) and Marketable Securities

181. For the developing countries of Asia, the international agency which provides soft loans is a. International Monetary Fund

b. Asian Development Bank

c. International Development Association

d. World Bank

182. No license from RBI is required for a. opening a new bank branch in India

b. opening a new bank branch outside India



c. shifting an existing branch outside the city, village or town

d. shifting an existing branch within the same city, village or town

183. Commercial banks are unique among financial institutions because they a. advance loans to business

b. provide insurance to depositors

c. create demand deposits

d. hold saving deposits

184. Financial Year in banks is a period from a. January to December

b. May to June

c. April to March

d. January to April

185. “Pure Banking Nothing Else” is a slogan raised by a. ICICI Bank

b. HDFC Bank

c. SBI

d. UTI Bank

186. What are the main objectives of Consumer Protection Act, 1986?

(a) To provide better protection of the interest of consumers

(b) Settlement of consumer disputes

(c) To deal with other connected matters


(e) None of these

187. Pledge means: a. advance against goods

b. open working capital limits

c. bailment to goods as security for payment of a debt or performance of a promise


188. SAARC was established on a. December 8,1983

b. January 1, 1984

c. December 8,1985

d. January 1, 1985

189. NABARD was established on the recommendation of the: a. Public Accounts Committee

b. Shivaraman Committee

c. Narsimhan Committee

d. All of hte above

190. The Infrastructure Development Bank of India has its Headquarter in a. New Delhi

b. Mumbai



c. Bangalore (Bengluru)

d. Kolkata

191. The guarantor of a customer's account has the right to a. inspect of a customer's account has the right

b. be provided with the statement of the account

c. be informed only about the extent of his liability

d. be provided with all the information about the way the account is conducted

192. The term "Balance of Trade" means a. A point where the values of imports and exports are equal

b. The term is used with reference to bilateral trade agreements with the countries of CIS Block

c. the difference between the cost of the imports and exports of a country

d. the difference between the total of transactions with foreign countries in trade, services and capital

193. The term "bank money" is used to denote a. loans and advances granted by the commercial banks

b. demand deposits used as money, i.e., deposits withdrawable by cheques

c. loans granted by the Reserve Bank of India to the commercial banks

d. money provided by the Reserve Bank of India to the Government

194. "Multi - Currency basket" means a. a number of international currencies to which the value of SDRs is linked

b. selected international currencies to which the value of Asian Monetary Unit is linked

c. number of major international currencies to which the external value of the Indian rupree is linked

d. the name given to a group of West European currencies

195. The term "hyper - inflation" is used to denote a. a situation with a moderate rise in price livel

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

196. "Funded debt" means a. all Government securities which are marketable on the stock exchange market

b. all Government debt which is not marketable on the stock exchange market

c. Government borrowings guaranteed by the Government

d. Institutional borrowings guaranteed by the Government

197. "Free port" denotes a. a port where there are no restrictions on incoming and outgoing vessels

b. a port where no licence is required for import of goods

c. a port which allows entry to goods without payment of import duty

d. a port which allows free entry to goods which are to be re-exported

198. "Free trade area" denotes a. a group of countries which have decided to impose no duties of any kind on their imports

b. a group of countries which have decided to impose no duties of any kind on imports from other members of the group

c. an area where there are no restrictions of any kind on the trading activities

d. an area where trade is free from kind of taxes



199. "Floating debt" denotes a. Government securities with no definite rate of redemption, but which may be redeemed any time at the discretion of the

Government

b. that part of the public debt which consists of short- term borrowings by the Government

c. Government securities which continue changing hands

d. Government securities whose date of maturity falls within next five years

200. "Treasury bills" means a. salary bills drawn by Government officials on the treasury

b. bills drawn by the Government contractors and other supplies on the treasury for the dues owed to them by the

Government

c. obligations of the Government of India issued by the Reserve Bank of India and payable normally ninety-one days after

issue

d. a node of drawings by the Treasury Officer on the Reserve Bank of India

201. "Token money" means a. coins where the value of metal in them is equal to the value attached to them by law

b. coins where the value of metal in them is less then the value attached to them by law

c. coins where the value of metal in them is more than the value of metal attached to them by law

d. money represented by the tokens of specified values issued by the Reserve Bank of India

202. "Bulls and Bears" term is used in a. bullion markets

b. vegetable markets

c. stock exchange

d. commodity markets

203. The definition of the priority sector was first formalised in 1972 by a. Planning Commission

b. National Development Council

c. Reserve Bank of India

d. Ministry of Finance, Government of India

204. Liquidity ratio is fixed by the Reserve Bank of India under the powers conferred on it by a. Reserve Bank of India Act, 1934

b. Companies Act, 1956

c. Banking Regulation Act, 1949

d. Special Powers given by the Union Ministry of Finance

205. Dalal Street is in a. Kolkata - famous for jute market

b. Mumbai - famous for stock exchange market

c. Delhi -famous for Kabari (Waste goods) market

d. Bangalore - famous for race course

206. When was the Imperial Bank of India nationalized? a. 1948

b. 1950

c. 1955

d. 1969



207. Most banks are offering teaser rates on home loans. What does it mean? a. The rates keep fluctuating during the period of loan with high uncertainty

b. The initial rate is offered at a rate lower than the prevailing market rate for a few months and then gradually keeps

increasing

c. The initial rate is higher than the current market rate with offer of lower rates at a later date

d. Home loan borrowers of shorter duration are given preferential rate

208. There are many security features which are regularly being explained and stressed to check against forged

currency notes. One of them is Intaglio printing. What is it? a. It is specialized printing of Rs.1,000 and Rs. 500 denomination currency notes.

b. It is raised printing on the currency notes of RBI seal, Ashoka Pillar emblem etc.

c. It is printing on special printing press of RBI

d. It is printing through special inks of the security features on curency etc.

209. What is 'NIKKEI'? a. Share Price Index of Tokyo share market

b. Name of Japanese Central Bank

c. Japanese name of the country's Planing Commission

d. Foreign Exchange market of Japan

210. NABARD was established on the recommendation of a. Public Accounts Committee

b. Shivaraman Committee

c. Narasimham Committee

d. Khandelwal Committee

211. What do we mean by Green Shoe Option? a. It is the shoe which is green in colour

b. It is type of carbon credit rights that the nation has to purchase to get the right to emit carbon

c. It gives the underwriter the right to sell investors more shares than originally planned

d. The global warming of the earth

212. "Micro Credits" are loans a. granted to distressed persons (other than farmers) to pre-pay their debt to non- institutional lenders against appropriate

collateral provided by banks

b. not exceeding Rs.50,000 per borrower provided by banks

c. both A and B

d. none of the above

213. Who was the Finance Minister when 14 Banks were nationalised on 19th July, 1969? a. Mrs. Indira Gandhi

b. Morarji Desai

c. C. Subramaniam

d. Pranab Mukherjee

214. Counter guarantee means a guarantee obtained by a. banks from customers on whose behalf the banks have to issue guarantees in favour of third parties, such as

Government department, Public bodies, Corporations etc,

b. banks from ECGC covering export risk

c. banks from the beneficiary of the guarantee in whose favour the guarantee is to be issued



d. All of the above

215. By "Technical NPA", it means a. a loan account becoming NPA for non-renewal

b. a loan account becoming NPA for not obtaining stock statements

c. non-recording the due after re-phasing/restructuring of a loan account

d. All of the above

216. Cash Reserve Ratio (CRR) is maintained in the form of a. Investment in Money Market

b. Government Securities

c. Balance with RBI

d. All of the above

217. Computer system failure is classified in the risk category of a. Credit Risk

b. Operational Risk

c. Technology Risk

d. Security Risk

218. Credit facility sanctioned for purchasing, processing and packing of goods meant for export is known as a. packing credit

b. bridge finance

c. forfaiting

d. None of these

219. How is Base Rate calculated? a. a host of factors, like cost of deposits, administrative costs, profitability of a bank in the previous financial year are

taken into account

b. certain parameters with stipulated weights are considered while calculating a lender's Base Rate

c. cost of deposit has the highest weight in calculating Base Rate

d. All of the above

220. A commercial bank is prohibited from issuing a bank draft payable to bearer by the provisions contained in a. The Negotiable Instruments Act, 1881

b. The Reserve Bank of India Act, 1934

c. The Companies Act, 1956

d. The Banking Regulation Act, 1979

221. Which of the following organisations/ agencies controls the monetary policy of our country? a. SEBI

b. Planning Commission

c. RBI

d. Union Ministry of Finance

222. Negative lien is a. a right of the bank to take possession of all the assets hypothecated to the bank in the case of default by the borrower

b. a special type of lien on the shares of public limited companies

c. a declaration of the borrower to the effect that his assets are free from encumbrance and that he shall not encumber or

dispose them of without bank's permission




223. What is securitisation? a. A process which converts conventional credit into tradable Treasure Assets

b. Credit receivable of the Bank can be converted into Bonds, i.e. pass through certificates

c. These certificate can be traded in the market

d. All of the above

224. Busy Season Credit Policy refers to the period a. February - August

b. June - December

c. March - September

d. October -March

225. Consumer Protection Act, 1986 does not cover a. failure to open accounts

b. failure to issue drafts

c. sanction of loans

d. ATMs

226. Currency Chest Slip is serially numbered at the beginning of each year from a. January to December

b. March to April

c. April to march

d. July to June

227. Difference between buying and selling rates of a currency is known as a. Forward Rate

b. Bid-ask Rate

c. Spot Rate

d. None of these

228. EEFC account can be opened in the form of a. Current Account, SB Account and TDR

b. Current Account and SB Account

c. Current Account only


229. Government securities are issued for a maximum period of a. 10 years

b. 15 years

c. 25 years

d. 30 years

230. The Securities and Exchange Board of India (SEBI), a statutory autonomous body, aims to: a. promote a fair and healthy securities market

b. protect investor's rights

c. prevent malpractices in a mobilisation of resources through capital

d. all of the above

231. The creation of over the counter exchange of India (OTC) would help the introduction of a multi-tiered

market for



a. Exports

b. Securities

c. Small Scale Industries

d. Housing

232. Truncation of cheque means a. The cheque in the paper form will be retained by the collecting banker and he will submit only a computerised

statement to the Clearing House

b. Entire clearing operations would be done only through computers

c. Cheque will be scanned and the electronic image, instead of physical cheque, will be transmitted in the clearing cycle

d. Debiting the drawer's account through internet banking

233. What is a convertible Bond? a. It is a mix of Debt and Equity

b. Bond holder has an option to convert debt into equity on a fixed date

c. The conversion price is predetermined

d. All of the above

234. What are External commercial Borrowings? a. Indian companies can borrow on global market through Bank loan or issue of debt paper

b. The debt can be repaid by reconversion of rupee funds into foreign currency

c. A and B both


235. What is Gilts? a. Securities issued by government or Treasuries

b. They do not have any credit Risk

c. A and B both


236. SGL Account is a. Subsidiary General Ledger

b. It is maintained by public Debt Office of RBI

c. Banks maintain exclusively GOvernment Securities Accounts

d. All of the above

237. Know Your Customer (KYC) guidelines are as per the provisions of a. Section 35 of Negotiable Instruments Act, 1881

b. Section 35A of Banking Regulation Act, 1949

c. Section 35A of RBI Act, 1934

d. IBA guidelines

238. Maximum period for which a commercial paper can be issued is a. 3 months

b. 6 months

c. 1 year

d. 2 years

239. Out of the "non-customer facing activities" given below, which of the following has been moved out of the

branch to the maximum extent? a. Issue of demand drafts



b. Processing of loans

c. Clearing of cheques

d. Opening of Savings Accordingly, the three

240. What does "Round Tripping" in Foreign Direct Investment (FDI) relate to? a. Using FDI funds inside the country

b. Using FDI funds outside the country

c. Domestic funds used outside the country


241. What does Collateral Security mean? a. Securities in the form of goods pledged for Cash Credits

b. Securities given to banks for loans against approved securities

c. Securities in the form of shares blue chip companies

d. Security given to banks over and above the primary security

242. When trading takes place among members of a stock Exchange as create false volumes and rigging the prices

of shares, it is known as a. Spot Trading

b. Future Trading

c. Circular Trading

d. Insider Trading

243. When two parties make an arrangement to exchange future cash flows, it is called a. Options

b. Arbitrage

c. Swap

d. Futures

244. Exporters in India get insurance cover and risk cover from which of the following organizations? (a) SIDBI

(b) NABARD

(c) ECGC

(d) RBI

245 . The govt. of India does not provide and direct financial assistance to which of the following schemes? (a) Mahatma Gandhi National Rural Employment Guarantee scheme.

(b) Rural Health mission

(c) India Aawas Yojana

(d) Jeevan sathi Yojana

246. Which of the following terms is used in banking and finance? (a) Abiotic

(b) Demand Deposit

(c) Fat scales

(d) A diabetic

247. Names of which of the following rates/ratios cannot be seen in financial newspapers? (a) Bank rate

(b) Repo Rate

(c) Cash Reserve Ratio



(d) Pulse Ratio

248. Who amongst the following can take benefit of the Social Security Fund established by the Govt. of India for

unorganized workers? (a) Primary school teacher

(b) Employee of Sugar Factory

(c) Taxtile Mazdoor

(d) Rickshaw Puller

249. Who amongst the following was never a Governor of the RBI ? (a) Bimal Jalan

(b) Y.V. Reddy

(c) Arup Roy Choudhary

(d) D. Subbarao

250. Which of the following in NOT the name of a bank having branches in India? (a) State Bank of India

(b) Naively Lignite Corporation

(c) Barclays

(d) HSBC

251. Which of the following services are not provided by a Bank?

(a) Issuing Bank Drafts

(b) Deposting Money

(c) Sale of post cards and postal stamps

(d) Lockers for valueable items/ documents

252. The loan given by a bank to a person to purchase house is called (a) Project

(b) Business Loan

(c) Credit Loan

(d) Top up Loan

253. Which of the following is an example of cashless purchase? (a) ATM withdrawal

(b) Credit Card

(c) Debit Card

1. Only 1

2. Only 2

3. Only 1 and 2

4. All of these

254. Which of the following programmes has the Govt. of India launched to develop comprehensive rural

infrastructure in the country? (a) Bharat Nirman

(b) Indira Aawas Yojana

(c) Watershed Development Programme

(d) None of these

255. The name of which of the following great leaders is now associated with National Rural Employment

Guarantee Scheme?



(a) Indira Gandhi

(b)Mahatma Gandhi

(c) Jawaharlal Nehru

(d) None of these

256. Which of the following is NOT the name of a multinational bank? (a) BNP Paribas

(b) British Bank of Middle East

(c) Standard Chartered Bank

(d) Cathay Pacific

257. Which of the following terms is NOT associated with banking operations? (a) Repo Rate

(b) Prime Lending rate

(c) Equator

(d) Corporate Finance

258. Which of the following schemes was launched to promote exports of agricultural produce and their value

added products in India? (a) Vishesh Krishi and Gram Udyog Yojana

(b) Financial Inclusion Scheme

(c) Rastriya Krishi Vikash Yojana

(d) None of these

259. As per the instructions given by the RBI, now all banks are required to provide which of the following in all its

branches mandatorily? (a) Note Sorting Machines

(b) Special Counters for senior Citizens

(c) Service sector

(d) All of these

260. Which of the following terms is NOT used in the field of Banking & Finance? (a) Overdraft

(b) Base Line

(c) RTGS

(d) GBC

261. Which of the following apex body and regulators has asked banks to swap customer related information so

that the frauds and defaults may be prevented in future? (a) Bombay Stock Exchange (BSE)

(b) Indian Bank's Association (IBA)

(c) Securities & Exchange Board of India (SEBI)

(d) Reserve Bank of India (RBI)

262. Who amongst the following is the author of the book (released recently) "India and Global Financial Crisis :

Managing Money and Finance"? (a) Dr. Bimal Jalan

(b) Dr. C. Rangarajan

(c) Dr. Manmohan Singh

(d) Dr. Y.V. Reddy



263.The Reserve Bank of India does not print currency notes of the denomination of '(a) 20/-

(b) 50/-

(c) 3,000/-

(d) 1,000/-

264. Which of the following is considered as the financial capital of India? (a) New Delhi

(b) kolkata

(c) Ahmedabad

(d) None of these

265. "Micro Credit" means (a) Loans of small amounts to people in unorganized sector

(b) Loans to self Help Groups

(c) Loan amounting rs. 50 lakhs t rs 5 crores to Medium and Small Industries Units

1. Only (1)

2. Only (2)

3. Only (1) and (2)

4. None of these

266. The RBI has given its permission for cash withdrawal at "POS terminals." What is the full form of "POS"? (a) Permitted on Sale

(b) Potential of Service

(c) Point of Sale

(d) Permission of Sale

267. "The Doing Business Report" is prepared by which of the following organization every year? (a) Asian Development Bank

(b) World Bank'

(c) International Monetary Fund

(d)World Trade Organisation

268. "Yen" is the currency of (a) China

(b) south Korea

(c) North Korea

(d) None of these

269. A new Foreign Bank Sarasin & Co. has launched its operations in India recently.

This is a bank based in: (a) USA

(b) Switzerland

(c) France

(d) None of these

270. The Head of the Reserve Bank of India is designated as the (a) Chief Executive Officer

(b) Managing Director

(c) Chief Banking Officer



(d) None of these

271. Whenever RBI does not open Market operation Transaction, actually it wishes to regulate which of the

following? (a) Inflation only

(b) Liquidity in economy

(c) Borrowing powers of the banks

(d) Fow of Foreign Direct Investment

272. In economics, it is generally believed that the main objective of a Public Sector Financial Company like Bank

is to (a) Employ more and more people

(b) Maximize total profits

(c) Maximize total productions

(d) Provide financial service to the people of the nation of its origin across the country

273. In a Company, the use of price sensitive corporate information by the Company people to make gains or cover

losses is known as (a) insider trading

(b) future trading

(c) foreign trading

(d) stock trading

274. Which of the following cannot be called as a debt Instrument as referred in financial transactions?

(a) Certificate of Deposits

(b) Bonds

(c) stocks

(d) Commercial Papers

275. Which of the following Committees has given its recommendations on “Financial Inclusion"? (a) Rakesh Mohan Committee

(b) Rangarajan Committee

(c) sinha Committee

(d) None of these

276. In Bullion Market (a) Gold is purchased and sold

(b) Books are purchased and sold

(c) Animals are purchased and sold


(e) None of these

277. Non-Banking assets include (a) Property seized by the bank

(b) Auction sale of the customer's property

(c) Band Building

(d) Both A and B

(e) None of these

278. Micro credit started from



(a) USA

(b) India

(c) Bangladesh

(d) Japan

(e) None of these

279. The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form (a) Imperial Bank of India


(c) Bank of India

(d) Union Bank of India

(e) None of these

280. Production and consumption takes place at about the same time. This is a characteristic of

(a) Manufacturing sector

(b) Agriculture sector

(c) Service sector


(e) None of these

281. The tertiary sector of economy is called (a) Manufacturing Industry

(b) Service Industry

(c) Agro and Fishing Industry


(e) None of these

282. FDR is (a) Fix Date Rate

(b) Fixed Deposit Receipt

(c) Full Date Rate


(e) None of these

283. NBA stands for (a) Net Banking Assets

(b) Net Book Act

(c) National Banking Act

(d) National Banking Association

(e) None of these

284. Which among the following are called final accounts of a Bank?

(a) Trading Accounts, Profit and Loss Account and Balance Sheet

(b) Profit and Loss Account and Balance Sheet

(c) Balance Sheet Only


(e) None of these

285. What is the full form of ECB? (a) Extra Commercial Banking

(b) Extra Commercial Borrowings



(c) External Commercial Borrowings


(e) None of these

286. Which of the following offerings is not a service?

(a) Fixed Deposit Receipt

(b) Postage Stamp

(c) Gift coupon of a chain share

(d) Insurance policy

(e) None of these

287. Home loans are granted to

(a) Individuals

(b) Institutions

(c) Builders

(d) Above all

(e) None of these

288. A call means (a) Calling on friends

(b) Calling on bank employees

(c) Calling on prospective customers

(d) To make telephone calls

(e) None of these

289. Financial Inclusion means

(a) Opening accounts of finance companies

(b) Financial analysis of balance sheet figures

(c) Opening accounts of HNIs

(d) Opening accounts of underprivileged persons

(e) None of these

290. 'Benchmark' means

(a) Products lined upon a bench

(b) Salesmen sitting on a bench

(c) Set standards


(e) None of these

291. CRM means (a) Customer Relationship Management

(b) Customer Retention Manager

(c) Customer's Relatives Meet

(d) Channel Route Market

(e) None of these

292. Bancassurance means

(a) Assurance give by banks of Loanees

(b) Assurance to bank with one bank

(c) Assurance to repay loans

(d) Selling insurance products through banks



(e) None of these

293. "HNI" means

(a) Highly Non-interested Individuals

(b) Highly Needy Individuals

(c) High Networth Individuals


(e) None of these

294. Expand "EPZ".

(a) Economical Plus Zone

(b) Entertainment Plus Zone

(c) Export Promotion Zone

(d) Electronic Promotion Zone

(e) None of these

295. E.P.S. in share market stands for

(a) Earnings per share

(b) Electronic Payment System

(c) Employee Pension Scroll

(d) Equated Payment System

(e) None of these

296. The currency, Euro, has been introduced w.e.f.

(a) 01.01.1999

(b) 01.01.2000

(c) 01.08.2001

(d) 01.03.2002

(e) None of these

297. RBI absorbs liquidity in the system through

(a) Repo

(b) Reverse Repo

(c) Both A and B


(e) None of these

298. Regional Rural Banks (RRBs) are regulated by

(a) NABARD


(c) Sponsoring Bank

(d) Board of respective RRBs

(e) None of these

299. The services under the Consumer Protection include

(a) Banking, Financing and Insurance

(b) Transport and Processing

(c) Supply of electrical and other energy


(e) None of these



300. Under provisions of which one of the following Acts, the RBI issues directives to the Banks in India? (a) RBI Act

(b) Banking Regulation Act

(c) Essential Commodities Act

(d) Both A and B above

(e) None of these

301. The main function(s) of IMF is/are to

(a) Finance investment loans to developing countries

(b) Act as a private sector lending arm of the World Bank

(c) Help to solve balance of payment problems of member countries



302. The Headquarters of NABARD is situated in

(a) Delhi

(b) Mumbai

(c) Lucknow

(d) Kolkata

(e) None of these

303. What is the full form of ASBA?

(a) Allotment supported by Blocked Amount

(b) Application supported by Blocked Amount

(c) Application supported by Bank Amount

(d) Allotment supported by Bank Account

(e) None of these

304. National Savings Certificate matures at the end of

(a) Six years

(b) Six and half years

(c) Seven years

(d) Eight years

(e) None of these

305. A cheque drawn on a Treasury is treated as a (a) Cheque

(b) Negotiable instrument

(c) Bill

(d) Government cheque

(e) None of these

306. A marginal farmer is the one who owns (a) up to 2.5 acres of dry land

(b) up to 1.25 acres wet land

(c) either A or B


(e) None of these

307. Bank branches need to report suspicious transaction to



(a) Controllers concerned

(b) RBI

(c) CVC

(d) FIU-IND, New Delhi

(e) None of these

308. Bank for International Settlement (BIS) is headquartered at

(a) Manila

(b) Chicago

(c) Basle, Switzerland


(e) None of these

309. Banks can receive deposits from customers up to a maximum period of

(a) 10 years

(b) 15 years

(c) 20 years

(d) 25 years

(e) None of these

310. Credit Card related grievances can also be referred to (a) Consumer Forum

(b) Ombudsman

(c) Lok Adalat

(d) All of these

(e) None of these

311. Expand BIS. (a) Bank for International Settlements

(b) Bank for Industrial Settlements

(c) Bank for Industrial Sectors

(d) Bank for International Services

(e) None of these

312. For a foreigner, temporarily residing in India, type of account to be opened is (a) Resident Account

(b) NRO Account

(c) NRE Account


(e) None of these

313. For which of the following categories of banks is "protected Disclosure Scheme" applicable?

(a) Co-operative Banks

(b) Private Banks and Foreign Banks

(c) Public Sector Banks


(e) None of these

314. The punch line "Feel the Difference" is associated with (a) DCB Bank

(b) Deutsche Bank



(c) Yes Bank

(d) Citibank

(e) None of these

315. VDMS in Government transactions means (a) Verified Date-wise Monthly Statement

(b) Valuable Data Management System

(c) Variable Data Matching System


(e) None of these

316. The term packing credit means (a) advances against goods in packages

(b) advance for import of goods

(c) advance for export of goods

(d) advance for financing the purchase, processing, manufacturing or packing of goods for export against a letter of

credit or a confirmed order

(e) None of these

317. The DICGC operates the Credit Guarantee Scheme for small scale industries on behalf of the

(a) LIC

(b) IBA

(c) Union Government


(e) None of these

318. "Window dressing" means

(a) the modern way of decorating a branch office

(b) a decorative way of presenting the Balance Sheet and Profit and Loss Account of a bank at its annual general

meeting

(c) manipulation of accounts with a view not to give the share holders a true and fair view

(d) a practice of presenting final accounts of a bank with a view to exhibit a favourable position

(e) None of these

319. The term "dormant accounts" means

(a) accounts showing an average balance of less than Rs. 100 during a half year

(b) accounts which remains inoperative for an extended period of time

(c) accounts which have been blocked under the exchange control regulations

(d) loan/cash credit/overdraft accounts which are considered irrecoverable

(e) None of these

320. World Investment Report is annually published by

(a) IBRD

(b) WTO

(c) IMF

(d) UNCTAD

(e) None of these

321. As we know the RBI is the apex Bank of India, similarly the apex Bank of USA is called (a) Federal Reserve

(b) The Central Bank of USA



(c) Bank of America


(e) None of these

322. The regulator of Micro Finance in India is

(a) Finance Ministry


(c) State Bank of India

(d) All of these

(e) None of these

323. Banker's right of set off can be immediately exercised in case of

(a) Insolvency of the borrower

(b) Lunacy of the borrower

(c) Death of the borrower


(e) None of these

324. Banks do not purchase/discount (a) Accommodation Bills

(b) Documentary Bills

(c) Usance Bills

(d) Clean Bills

(e) None of these

325. The biggest international financial center in the world is (a) Frankfurt

(b) Geneva

(c) London

(d) New York

(e) None of these

326. Which of the following institutions extends maximum term loan to States? (a) NABARD

(b) LIC

(c) IDBI

(d) IFCI

(e) None of these

327. For which of the following purpose can banks grant Working Capital Term Loan?

(a) Meeting margin for term loan

(b) Meeting margin for working capital loan

(c) Meeting contingent expenses

(d) Meeting credit needs for peak season in an industry

(e) None of these

328. Loan System of Advances has been recommended by (a) Rashid Jilani Committee

(b) Narasimham Committee

(c) Goiporia Committee

(d) Tandon Committee



(e) None of these

329. Which of the following is not an indicator of productivity for a bank branch?

(a) Business Per Employee

(b) Accounts (both deposits and advances) Per Employee

(c) Net Profit Per Employee

(d) Neat and clean ambience

(e) None of these

330. "Service Area Approach" was recommended by

(a) Dr. P. D. Ojha Committee

(b) A. D. Gorawala

(c) R. V. Gupta

(d) Dr. Kalia

(e) None of these

331. Records, as per Banking Regulation Act, 1949 means

(a) Vouchers

(b) Account Opening Forms

(c) Ledgers / Registers

(d) All of these

(e) None of these

332. The Indicative Time Norm for issuing of demand draft has been stipulated at

(a) 5 minutes

(b) 10 mintues

(c) 15 mintues

(d) 20 mintues

(e) None of these

333. In which year, the Tiwari Committee recommanded for establishment of Special Tribunals for Banks dues

recovery? (a) 1981

(b) 1987

(c) 1991

(d) 1995

(e) None of these

334. As per the guidelines issued by the SEBI, the permanent Account Number (PAN) is a must for which of the

following?

(a) Demat Accounts

(b) All Savings Bank Accounts

(c) All Housing Loan Accounts

(d) All Current Accounts

(e) None of these

335. The first Indian RRB that is sponsored by the Union Bank that has achieved core banking solution is (a) Kheladi Grameen Bank

(b) Riddhi Siddhi Grameen Bank

(c) Rewa Siddhi Grameen Bank

(d) The Rewa-Dahej Bank



(e) None of these

336. Bad loans in banking terminology are generally known as (a) Prime Loans

(b) Prime Asset

(c) BPOs

(d) NPAs

(e) None of these

337. Currency notes issued by RBI are fully covered by

(a) Approved assets

(b) Gold

(c) Foreign exchange

(d) All of these

(e) None of these

338. Authority to prescribe retention period of records of banks vests with (a) IBA

(b) RBI

(c) GOI

(d) SEBI

(e) None of these

339. Ceiling for settlement through Lok Adalats is:

(a) Rs. 10 lakh

(b) Rs. 15 lakh

(c) Rs. 20 lakh

(d) Rs. 25 lakh

(e) None of these

340. If a bank wants to introduce a new deposit scheme, the same is now approved by (a) RBI

(b) IBA

(c) respective Bank's Board

(d) Both A and B

(e) None of these

341. The main watchdog of international trade is

(a) IMF

(b) World Bank

(c) GATT

(d) IFC

(e) None of these

342. Which one of the following has largest network, accounts and annual deposits? (a) IDBI

(b) ICICI

(c) Post office saving bank

(d) IOB

(e) None of these



343. The Interest Rate Policy is a component of (a) Fiscal Policy

(b) Monetary Policy

(c) Trade Policy

(d) Direct Control

(e) None of these

344. Credit Guarantee Fund Trust for Small Industries has been set up on the recommendations of (a) Narasimham Committee

(b) Ghosh Committee

(c) Chore Committee

(d) Kapoor Committee

(e) None of these

345. In respect of composite term, loans granted to village industries, refinance are obtained from

(a) NABARD

(b) SIDBI

(c) IDBI

(d) RBI

(e) None of these

346. Economic Order Quantity is a method of

(a) managing raw materials

(b) managing finished goods

(c) managing debtors

(d) managing creditors

(e) None of these

347. Which Act confers on banks their Right of set off?

(a) Banking Regulation Act, 1949

(b) Reserve Bank of India Act, 1934

(c) Negotiable Instruments Act, 1881

(d) Indian Contract Act, 1872

(e) None of these

348. Which Committee was formed to review the system of lending under Consortium Arrangement?

(a) Kapoor Committee

(b) Khan Committee

(c) J.V. Shetty Committee

(d) Share Committee

(e) None of these

349. Which of the following cannot issue a commercial Paper? (a) Companies

(b) Primary Dealers

(c) Commercial Banks

(d) All India Financial Institutions

(e) None of these

350. The Bond can be

(a) Zero Coupon Bond



(b) Deep Discount Bond

(c) Floating Rate Bond

(d) Any of these

(e) None of these

351. "Refund Banker Scheme" has been launched by (a) IBA

(b) RBI

(c) SEBI

(d) Income Tax Department

(e) None of these

352. Bank can issue a duplicate of a lost demand draft at the request of the

(a) Payee

(b) holder

(c) Purchaser

(d) Either A or C

(e) None of these

353. A cheque can be paid in cash even after business hours when it is presented by

(a) a person known to bank officals

(b) any person

(c) the drawer

(d) the payee

(e) None of these

354. The amount of advance which may be granted against the security of a life insurance policy depends on

(a) the amount of the insurance policy

(b) the surrender value of the policy

(c) the paid-up value of the policy

(d) the total amount of premiums paid

(e) None of these

355. Consent of RBI is necessary before transferring funds from one chest to another because (a) RBI is the owner of the Chest

(b) RBI arranges transit insurance

(c) Police protection is arranged

(d) Details to be kept a secret

(e) None of these

356. Due date for repayment of a crop loan is crop growing period, plus (a) 4 months for marketing

(b) 3 months for marketing

(c) 2 months for marketing

(d) 1 months for marketing

(e) None of these

357. Pillars of BASEL-II are

(a) Minimum capital ratio

(b) Supervisory review

(c) Market discipline

(d) All of these



(e) None of these

358. When the date of the cheque is later than the date on which it is presented for payment, the cheque is known

as (a) stale cheque

(b) invalid cheque

(c) ante-dated cheque

(d) postdated cheque

(e) None of these

Answer:

1. (d) All of the above

2. (c) SEBI

3. (d) Governor of the RBI

4. (d) Apartheid

5. (d) Exchange Rate of Foreign Currencies

6. (b) State Bank of India

7. (d) Short-term capital movements from one country to another seeking safety or, less often, higher rate of interest

8. (c) an area near a sea-port or airport in which goods can be imported duty free, if they are to be re-exported or

used in the manufacture of goods for export

9. (c) Reserve Bank of India

10. (b) With better understanding more and more people would utilize the banking services



13. (a) Interim finance by a bank pending disbursement of term loan by financial institutions

14. (a) Board for Industrial and Financial Reconstruction

15. (d) Upon maturity of the policy or death of the policy-holder whichever happens earlier

16. (d) All Demit A/c

17. (d) Assignment


19. (a) The account remains 'out of order'


21. (d) NABARD

22. (c) Both A and B

23. (b) Reserve Bank of India

24. (b) Public-Private Partnership

25. D. Only 2 and 3

26. (b) Liquidity Adjustment Facility

27. C. Both 2 and 3

28. (a) Market Capitalization

29. D. Both A and B only

30. (b) Statutory Liquidity Ratio

31. B. Only 2

32. (d) Only A & B'

33. (d) Rate at which RBI purchases or rediscounts bills of exchange of commercial banks

34. (c) net incremental income

35. D. All of these



36. B. Only 2

37. B. Only 2

38. (a) Adequate Capital adequacy Ratio

39. (b) Imperial Bank of India

40. (d) 2012 - 2017

41. (b) Market risk

42. (b) SBI

43. (b) State Bank of India

44. (b) Governor of the RBI

45. (d) Income Tax rate

46. (b) Discount rate

47. (b) 3 -15%

48. (c) RBI

49. (c) Increase

50. (a) New bank of India

51. (d) 15

52. (b) Clearing House

53. (a) SBI

54. e. 1964

55. e. All of the above

56. b. Long- term funds

57. a. Reserve Bank of India (RBI)

58. a. Hyderabad

59. d. Securities and Exchange Board of India (SEBI)

60. b. Export - import (Exim) Bank

61. e. All i, ii ,iii and iv

62. d. All of the above

63. c. New currency

64. e. All of the above

65. c. 1885

66. a. 1964

67. b. 14

68. c. 26

69. c. 1993

70. b. i and ii

71. c. Mumbai

72. c. Both are true

73. d. Both are false

74. A. Only 1

75. (d) Chit Funds

76. (a) ICICI Bank

77. (b) RBI

78. (a) Core

79. D. All of these

80. (b) One hundredth of 1%

81. D. All of these

82. C. Only 1

83. (d) All of these

84. c) March 2017

85. a) RBI

86. b) Net Demand and Time Liability



87. c) Government of India

88. b) Micro Units Development and Refinance Agency

89. a) For Electronic Clearance of Cheques

90. a) Ahmedabad

91. c) Personal Identification Number

92. d) Repo Rate

93. b) Rs. 2 lakh

94. (c) Both A and B

95. (d) all of the above

96. (c) Credit rating

97. (b) vital Information Resource Under Siege

98. (c) Self Help Promotion Institution

99. (a) International Accounting standards Board

100. (c) Indian Financial Network

101. (a) Risk Based Supervision

102. (c) 14

103. (d) Immediately after the payment of the last instalment

104. (b) Seller

105. (c) Central Statistical Organization

106. (d) KYC Guidelines

107. (c) The Contract Act, 1872

108. (c) to slash down the waiting time for encasing cheques

109. (a)Insurance Companies

110. (c) Consolidation

111. (a) Fiscal Deficit minus Interest Payments

112. (b) Ensuring that there will be no problem of liquidity with the borrower

113. (a)Banking Companies Act, 1970

114. (b)RBI

115. (c) transfer of interest

116. (a) LIBOR

117. (c) Treasury Bills


119. (a) Co-branded credit Card without logo of the issuer

120. (c) CGTMSE is silent about covering the loans to Educational Institutions

121. (a) Will have to effect payment without delay or demur

122. (b) defective condition of package and goods

123. (b) Escalation in Project Cost

124. (d) Where more than 85 per cent exploitation has taken place on the available underground water

125. (a) Protecting against fluctuations/ uncertainty risk in forex markets

126. (a) Excess of current assets over current liabilities other than bank borrowings

127. (c) a part of Currency Chest

128. (c) Standard Banking practices in customer services

129. (c) Reserve Bank of India

130. (b) Cash Reserve Ratio

131. (c) Priority sector loan

132. (d) Union Bank of India

133. (d) Savings cheque

134. (c) To provide banking services to all living in remote areas

135. (d) Udaipur

136. (b) Axis Bank

137. (d) Automated Teller Machines.



138. (d) HUFs

139. (a) Mutual Funds

140. (a) Reserve Bank of India (RBI)

141. (a) Kissan Credit Card

142. (a) Capital Accounts Convertibility

143. (c) Educational Loan

144. (d) post dated cheque

145. (b) Without resource to us

146. (b) to make usual allowances for annual wear and tear

147. (c) the rate at which the Reserve Bank of India would rediscount bills of exchange or other eligible

commercial papers, or advance against eligible securities to the scheduled banks

148. (b) Fresh HUF letter is obtained

149. (c) by way of a footnote

150. (c) is not entitled to debit the drawer's account with the amount of the cheque

151. (b) Principal and agent

152. (d) Which has its name added to the second scheduled of the Reserve Bank of India Act, 1934

153. (b) the bank will make the payment provided the cheque is otherwise in order

154. (d) Tarapore & Narasimham Committee

155.

156. (a) Break Even Poi

157. (c) immediately infrom the issuing bank

158. (c) negotiating bank

159. (b) Guarantee

160. (d) replacing stamp duty required for payment of registration of properties and documents

161. (b) a situation where too many workers are doing a limited amount of work.

162. (c) Financial Information Network operation ltd

163. (a) London Inter-bank Offered Rate

164. (b) National Electronic fund Transfer

165. (a) Public Information Officer

166. (d) Ministry of Commerce, Government of India.

167. (b) Set by the Reserve Bank of India

168. (c) Simultaneous purchase of a currency in one market and its sale in another market wit a view to

realise profit

169. (d) The Negotiable Instruments Act, 1881

170. (c) Rubber Plantation

171. (a) Financing of supply-delivery chain, i.e.., dealer of identified large corporate entities financed

by banks

172. (b) persons with agricultural income

173. (c) Rural Poverty : SJSRY

174. (a) when opening bank advises the advising bank to give advance to the exporter

175. (c) intellectual property right

176. a. Reserve Bank of India

177. b. China

178. c. General Insurance Company

179. c. a proposition by EU to attract highly qualified professionals from other countries

180. b. Manila

181. c. Cash and Debtors (except bad debts)

182. b. Asian Development Bank

183. d. shifting an existing branch within the same city, village or town

184. a. advance loans to business

185. c. April to March



186. c. SBI


188. c. bailment to goods as security for payment of a debt or performance of a promise

189. c. On December 8,1985

190. b. Shivaraman Committee

191. b. Mumbai

192. c. to be informed only about the extent of his liability

193. c. the difference between the cost of the imports and exports of a country

194. b. demand deposits used as money, i.e., deposits withdrawable by cheques

195. c. number of major international currencies to which the external value of the Indian rupree is linked

196. c. a "runway" or "galloping" inflationary situation where the monetary unit becomes almost worthless

197. a. all Government securities which are marketable on the stock exchange market

198. d. a port which allows free entry to goods which are to be re-exported

199. b. a group of countries which have decided to impose no duties of any kind on imports from other

members of the group

200. b. that part of the public debt which consists of short term borrowings by the Government

201. c. obligations of the Government of India issued by the Reserve Bank of India and payable normally

ninety-one days after issue

202. b. coins where the value of metal in them is less then the value attached to them by law

203. c. stock exchange

204. c. Reserve Bank of India

205. c. Banking Regulation Act, 1949

206. b. in Mumbai - famous for stock exchange market

207. c. 1955

208. b. The initial rate is offered at a rate lower than the prevailing market rate for a few months and then

gradually keeps increasing

209. b. It is raised printing on the currency notes of RBI seal, Ashoka Pillar emblem etc.

210. a. Share Price Index of Tokyo share market

211. b. Shivaraman Committee

212. c. It gives the underwriter the right to sell investors more shares than originally planned

213. c. both A and B

214. b. Morarji Desai

215. a. by banks from customers on whose behalf the banks have to issue guarantees in favour of third parties,

such as Government department, Public bodies, Corporations etc,


217. c. Balance with RBI

218. b. Operational Risk

219. a. packing credit

220. d. all of the above

221. b. The Reserve Bank of India Act, 1934

222. c. RBI

223. c. a declaration of the borrower to the effect that his assets are free from encumbrance and that he shall

not encumber or dispose them of without bank's permission


225. d. October to March

226. c. sanction of loans

227. c. April to march

228. b. Bid-ask Rate

229. c. Current Account only

230. d. 30 years

231. d. all of the above



232. b. Securities

233. c. Cheque will be scanned and the electronic image, instead of physical cheque, will be transmitted in the

clearing cycle

234. b. Bond holder has an option to convert debt into equity on a fixed date

235. c. A and B both

236. c. A and B both


238. b. Section 35A of Banking Regulation Act, 1949

239. c. 1 year

240. c. Clearing of cheques

241. b. Using FDI funds outside the country

242. b. Securities given to banks for loans against approved securities

243. c. Circular Trading

244. c. Swap

245. (c) ECGC

246. (d) Jeevan sathi Yojana

247. (b) Demand Deposit

248. (d) Pulse Ratio

249. (d) Rickshaw Puller

250. (c) Arup Roy Choudhary

251. (b) Naively Lignite Corporation

252. (c) Sale of post cards and postal stamps

253. (d) Top up Loan

254. 4. All of these

255. (a) Bharat Nirman

256. (b)Mahatma Gandhi

257. (d) Cathay Pacific

258. (c) Equator

259. (a) Vishesh Krishi and Gram Udyog Yojana

260. (a) Note Sorting Machines

261. (b) Base Line

262. (c) Securties & Exchange Board of India (SEBI)

263. (d) Dr. Y.V. Reddy

264. (c) 3,000/-

265. (d) None of these

266. 4. None of these

267. (c) point of sale

268. (b) World Bank'


270. (b) Switzerland


272. (b) Liquidity in economy

273. (d) Provide financial service to the people of the nation of its origin across the country

274. (a) insider trading

275. (c) stocks

276. (b) Rangarajan Committee

277. (a) Golds are purchased and sold

278. (d) Both A and B

279. (c) Bangladesh

280. (a) Imperial Bank of India

281. (c) Service sector



282. (b) Service Industry

283. (b) Fixed Deposit Receipt

284. (a) Net Banking Assets

285. (b) Profit and Loss Account and Balance Sheet

286. (b) Extra Commercial Borrowings

287. (c) Gift coupon of a chain share

288. (a) Individuals

289. (c) Calling on prospective customers

290. (d) Opening accounts of underprivileged persons

291. (c) Set standards

292. (a) Customer Relationship Management

293. (d) Selling insurance products through banks

294. (c) High Networth Individuals

295. (c) Export Promotion Zone

296. (a) Earnings per share

297. (a) 01.01.1999

298. (b) Reverse Repo

299. (a) NABARD


301. (d) Both A and B above

302. (c) Help to solve balance of payment problems of member countries

303. (b) Mumbai

304. (b) Application supported by Blocked Amount

305. (a) Six years

306. (c) Bill

307. c) either A or B

308. (d) FIU-IND, New Delhi

309. (c) Basle, Switzerland

310. (a) 10 years

311. (b) Ombudsman

312. (a) Bank for International Settlements

313. (b) NRO Account

314. (b) Private Banks and Foreign Banks

315. (a) DCB Bank

316. (a) Verified Date-wise Monthly Statement

317. (d) advance for financing the purchase, processing, manufacturing or packing of goods for export against

a letter of credit or a confirmed order

318. (e) None of these

319. (d) a practice of presenting final accounts of a bank with a view to exhibit a favourable position

320. (b) accounts which remains inoperative for an extended period of time

321. (d) UNCTAD

322. (a) Federal Reserve

323. (e) None of these


325. (a) Accommodation Bills

326. (c) London

327. (b) LIC

328. (b) Meeting margin for working capital loan

329. (a) Rashid Jilani Committee

330. (d) Neat and clean ambience

331. (a) Dr. P. D. Ojha Committee




333. (b) 10 mintues

334. (a) 1981

335. (a) Demat Accounts

336. (c) Rewa Siddhi Grameen Bank

337. (d) NPAs


339. (b) RBI

340. (c) Rs. 20 lakh

341. (c) respective Bank's Board

342. (a) IMF

343. (c) Post office saving bank

344. (b) Monetary Policy

345. (d) Kapoor Committee

346. (a) NABARD

347. (a) managing raw materials

348. (d) Indian Contract Act, 1872

349. (c) J.V. Shetty Committee

350. (c) Commercial Banks

351. (d) Any of these

352. (d) Income Tax Department

353. (d) Either A or C

354. (c) the drawer

355. (b) the surrender value of the policy

356. (a) RBI is the owner of the Chest

357. (c) 2 months for marketing


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