1. Many a time we read a term ‘SEPA’ in financial newspapers. What is the full form of SEPA?
a) Single Exchange Processing Agency
b) Single Euro Payments Area
c) Single Electronic Processing Agency
d) Super Electronic Purchase Agency
e) None of the above
2. Which of the following is an investment advisory discipline?
a) Corporate Industrial Finance
b) Offshore Banking
c) Wholesale Banking
d) Wealth Management
e) Trade Finance
3. The major shareholders in Asset Reconstruction Company of India Limited (ARCIL) other than SBI are?
a) IDBI &Canara Bank
b) ICICI & HDFC
c) IDBI & HDFC
d) IDBI & ICICI
e) None
4. The minimum and maximum court fee that is required to be paid for filing a suit in a Debt Recovery Tribunal is?
a) Rs. 5,000; Rs. 1,00,000
b) Rs. 10,000; Rs. 1,00,000
c) Rs. 12,000; Rs. 1,50,000
d) All of the above
e) None of the above
5. The practice of reducing NPAs through cross-lending to square off loans from bank is known as?
a) “Ever-Greening” of advances
b) “Take Over” of advances
c) Compromise Settlement
d) All of the above e) None of the above
6. The single largest component of external debt is?
a) Commercial borrowings
b) Multilateral debt
c) Short term debt
d) NRI deposits
e) None
7. Which of the following is NOT the part of the structure of the financial System in India?
a) Industrial Finance
b) Agricultural Finance
c) Government Finance
d) Personal Finance
e) None of the above
8. Where are the headquarters of Bureau of Police Research and Development (BPR&D)?
a) Hyderabad
b) New Delhi
c) Chennai
d) Bengaluru
9. The 2016 Asian Ministerial Conference on Disaster Risk Reduction (AMCDRR) will be hosted by which country?
a)Myanmar
b) Vietnam
c) Thailand
d) India
10. The 2016 BRICS Labour & Employment Ministerial Meet has been held in which city of India?
a) Udaipur
b) Kochi
c) New Delhi
d) Hyderabad.
11. What is the India’s position in the 2016-17 Global Competitiveness Index (GCI)?
a) 66th
b) 47th
c) 39th
d)88th
12. Which of the following organisations is known as the market regulator in India?
a) IBA
b) SEBI
c) AMFI
d) NSDL
e) None
13. Very often we read in the newspapers about various measures taken up to control the flow of the capital in the Indian markets. Who amongst the following is/are the regulators who can control the flow of the same in India?
a) Indian Bank’s Association
b) RBI
c) SEBI
d) Both (b) & (c)
14. Interest on Savings deposit nowadays is?
a) Fixed by RBI
b) Fixed by the respective Banks
c) Fixed by the Depositors
d) Fixed as per the contract between Bank and the Consumer Court
e) Not paid by the Bank
15. The Holidays for the Banks are declared as per?
a) Reserve Bank Act
b) Banking Regulation Act
c) Negotiable Instruments Act
d) Securities and Exchange Board of India Act
e) Companies Act
16. Equity schemes managed strong NAV gains which boost their assets’ was a new in some financial newspapers. What is the full form of NAV used as in above headlines?
a) Nill Accounting Variation
b) Net Accounting Venture
c) Net Asset Value
d) New Asset Venture
e) None
17. Suppose, two or more people have taken a loan. If one of them is unable to pay, then other members are fully liable to pay the whole amount of loan. This refers to?
a) Joint Liability
b) Several Liability
c) Both (a) and (b)
d) Several Assets
e) None
18. PAN card is mandatory for –
a) Income Tax returns
b) Tax Deduction at Source (TDS)
c) bank deposits above Rs. 50,000
d) All of the above
e) None of the above
19. What is the full form of KYC?
a) Know Your Company
b) Know Your Customer
c) Know Your Custodian
d) Know Your Current-Account
e) None of the above
20. In which stage, illegitimate money comes back to the mainstream economy as a legitimate money?
a) Placement
b) Layering
c) Integration
d) All of the above
e) None
21. What is the full form of PMLA?
a) Provision of Money Laundering Act
b) Prevention of Money Laundering Act
c) Prescription of Money Laundering Act
d) Proposition of Money Laundering Act
e) None of the above
22. RBI has the legal right to issue bank notes, under which act?
a) Coinage Act
b) RBI Act
c) Banking Regulation Act
d) Companies Act
e) None
23. Who is responsible for minting coins in India, and under which act?
a) RBI, Coinage Act
b) RBI, RBI Act
c) Government of India, Coinage Act
d) Government of India, Banking Regulation Act
e) None of the above
24. What is the maximum denomination of currency note that can be issued by RBI?
a) Rs. 1,000
b) Rs. 5,000
c) Rs. 10,000
d) Rs. 50,000
e) None
25. Which of the following is considered an informal method of getting credit/finance?
a) Internet banking
b) Branch visits
c) Going to moneylenders
d) Tele banking
e) None
26. Which of the following is NOT a Public Sector Unit/Undertaking/Agency?
a) ECGC
b) SEBI
c) SIDBI
d) Axis Bank
e) BHEL
27. Which of the following commissions setup by the President of India decides the distribution of tax incomes between the Central and State Governments?
a) Central Law Commission
b) Pay Commission for Government Employees
c) Administrative Reforms Commission
d) Planning Commission
e) Finance Commission
28. Nationalization of banks aimed at all of the following except?
a) Provision of adequate credit for agriculture, SME and exports
b) Removal of control by a few capitalists
c) Provision of credit to big industries only
d) Access of banking to masses
e) Encouragement of a new class of entrepreneurs
29. Which of the following is NOT a foreign bank working in India?
a) HSBC
b) Barclays
c) Standard Chartered
d) Yes Bank
e) All are foreign banks
30. Which of the following products launched by most of the banks help farmers in getting instant credit for various agricultural purposes?
a) Kisan Credit Card
b) Personal Loan
c) Business Loan
d) Only (a) and (b)
e) None
31. Which of the following policies of the financial sectors is basically designed to transferring local financial assets into foreign financial asset freely and at market determined exchange rates?
a) Capital Accounts Convertibility
b) Financial Deficit Management
c) Minimum Support Price
d) All of the above
e) None of the above
32. A customer wishes to purchase some US dollars in India. He/she should go to?
a) Public Debt Division of the RBI only
b) American Express Bank only
c) RBI or any branch of a bank which is authorized for such business
d) Only (b) and (c)
e) None of the above
33. 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
e) None of the above
34. A Bank/Financial Organisation these days relies heavily on e-commerce for its transaction. As a part of system security, it has introduced organisation’s security awareness manual. This step of the organisation can be classified under which one of the following categories of measures for a business?
a) Preventive Vigilance
b) Compliance
c) Corrective
d) Detective
e) None of the above
35. What is meant by a scheduled bank?
a) The bank functioning under provisions of Banking Reg. Act 1949
b) A bank included in 2nd schedule of RBI Act, 1934
c) The bank incorporated under Banking Companies Act 1956
d) A bank authorised for banking functions
e) bank issued a license by RBI mentioning therein that it is a scheduled bank
36. On the basis of powers drawn mainly in which of the following Acts, RBI regulates
and controls the banks in India?
a) Banking Regulation Act and RBI Act
b) RBI Act and Companies Act
c) Banking Regulation Act and Companies Act
d) Banking Regulation Act, RBI Act and Negotiable Instruments Act
e) None of the above
37. Banking has been defined under ………of ?
a) Banking Regulation Act Section 5(b)
b) Banking Regulation Act Section 17
c) RBI Act Section 2 (2)
d) Negotiable Instruments Act Section 1
e) None of the above
38. Where is the time for payment is not mentioned in a promissory note it is?
a) invalid instrument
b) inchoate instrument
c) no payment can be demanded
d) payable on demand
e) None of the above
39. Interest below which a bank is not expected to lend to customers is known as?
a) Deposit Rate
b) Base Rate
c) Prime Lending Rate
d) Bank Rate
e) Discount Rate
40. Which of the following schemes is launched specifically for helping senior citizens to avail
loan by mortgage of their residential property?
a) English Mortgage Scheme
b) Senior Capital loan Scheme
c) Reverse Mortgage Loan scheme
d) Senior Citizen Personal Loan scheme
e) None of the above
41. Which one of the following is not a ‘Money Market Instrument’?
a) Treasury Bills
b) Commercial Paper
c) Certificate of Deposit
d) Equity Shares
e) None of the above
42. ‘Sub Prime Lending’ is a term applied to the loans made to
a) those borrowers who do not have a good credit history
b) those who wish to take loan against the mortgage of tangible assets
c) those who have a good credit history and are known to bank since 10 years
d) those borrowers who are most preferred customers of the Bank
e) None of the above
