BANKING KNOWLEDGE / FINANCIAL AWARENESS
a) With a view to curb financing of terrorism through the proceeds of Fake Indian Currency Notes (FICN)
b) to curb use of such funds for subversive activities such as espionage, smuggling of arms, drugs and other contrabands into India
c) for eliminating Black Money which casts a long shadow of parallel economy on our real economy
d) All the above
e) None of these
2.Old High Denomination Bank Notes Canbe deposited by individuals/persons into their bank accounts and/ or exchanged in bank branches or issue Offices of RBI till which date, in normal conditions ?
a) till the close of business hours on 30th December, 2016
b) 8th November, 2016
c) 24.11.2016
d) 10.11.2016
e) None of these
a) till the close of business hours on 30th December, 2016
b) 8th November, 2016
c) 24.11.2016
d) 10.11.2016
e) None of these
3.What is mortgage ?
a) Transfer of interest in specific immovable property for security for the payment of advance an existing or future debt
b) sale
c) discount
d) bonus
e) None
a) Transfer of interest in specific immovable property for security for the payment of advance an existing or future debt
b) sale
c) discount
d) bonus
e) None
4.Define Internet banking?
a) Network adopting a common propriety standard
b) Worldwide website for larger heterogeneous computers
c) Worldwide network of networks withvarious operating systems able to communicate with each other in banking operations
d) A quite and easy exchange of information
e) None of these
a) Network adopting a common propriety standard
b) Worldwide website for larger heterogeneous computers
c) Worldwide network of networks withvarious operating systems able to communicate with each other in banking operations
d) A quite and easy exchange of information
e) None of these
5.In the abbreviation CDES, the letter C stands for what ?
a) Cash
b) Currency Distribution & Exchange Scheme
c) Crop
d) Crude
e) None of these
a) Cash
b) Currency Distribution & Exchange Scheme
c) Crop
d) Crude
e) None of these
6.What is 'bulk deal' in stock market?
a) A"bulk" deal constitutes all transactions in a scrip (on an exchange) where the total quantity of shares bought/ sold is more than 0.5% of the number of equity shares of the company listed on the exchange
b) purchasing one share
c) purchasing one bond
d) purchasing one house
e) None of these
a) A"bulk" deal constitutes all transactions in a scrip (on an exchange) where the total quantity of shares bought/ sold is more than 0.5% of the number of equity shares of the company listed on the exchange
b) purchasing one share
c) purchasing one bond
d) purchasing one house
e) None of these
7.What is 'Block deal' ?
a) Purchasing a house block
b) 'Block deal' is execution of large trades through a single transaction without putting either the buyer or seller in a disadvantageous position. For this purpose,stock exchanges are permitted to provide a separate trading window
c) Purchasing a piece of gold sheet
d) Purchasing a piece of silver sheet
e) None of these
a) Purchasing a house block
b) 'Block deal' is execution of large trades through a single transaction without putting either the buyer or seller in a disadvantageous position. For this purpose,stock exchanges are permitted to provide a separate trading window
c) Purchasing a piece of gold sheet
d) Purchasing a piece of silver sheet
e) None of these
8.What is ' Short Selling'?
a) Shorts selling
b) T-Shirt Sales
c) "Short selling" shall be defined as sell-ing a stock which the seller does not own at the time of trade
d) Cloth business
e) None of these
a) Shorts selling
b) T-Shirt Sales
c) "Short selling" shall be defined as sell-ing a stock which the seller does not own at the time of trade
d) Cloth business
e) None of these
9.AGold Exchange Traded Fund (GETF) Scheme shall invest primarily in instruments?
a) Real Estate
b) Gold and Gold related instruments. However investments in gold related instruments shall be done only after such instruments are specified by the Board
c) Diamonds
d) Silverware
e) None
a) Real Estate
b) Gold and Gold related instruments. However investments in gold related instruments shall be done only after such instruments are specified by the Board
c) Diamonds
d) Silverware
e) None
10.The Mutual Funds shall prepare SID and SAI in the prescribed formats. Expand SID and SAI ? Give details.
a) The Offer Document shall have two parts i.e. Scheme Information Document (SID) and Statement of Additional Information (SAI).
b) SID shall incorporate all information pertaining to a particular scheme.
c) SAI shall incorporate all statutory information on Mutual Fund.
d) All the above
e) None of these
a) The Offer Document shall have two parts i.e. Scheme Information Document (SID) and Statement of Additional Information (SAI).
b) SID shall incorporate all information pertaining to a particular scheme.
c) SAI shall incorporate all statutory information on Mutual Fund.
d) All the above
e) None of these
11.Previously all the mutual funds were 'Labelled' their schemes on which parameters?
a) Blue - principal at low risk.
b) Yellow - principal at medium risk.
c) Brown - principal at high risk
d) All the above
e) None of these
a) Blue - principal at low risk.
b) Yellow - principal at medium risk.
c) Brown - principal at high risk
d) All the above
e) None of these
12.Lateron, the depiction of risk using colour codes for all the mutual funds is replaced by pictorial meter named "Riskometer" and this meterwould appropriately the level of risk in any specific scheme. What are they?
a) Low - principal at low risk
b) Moderately Low - principal at moderately low risk
c) Moderate - principal at moderate risk
d) Moderately High - principal at moderately high risk & High - principal at high risk
e) All the above
a) Low - principal at low risk
b) Moderately Low - principal at moderately low risk
c) Moderate - principal at moderate risk
d) Moderately High - principal at moderately high risk & High - principal at high risk
e) All the above
13.What is arbitrage ?
a) Technically, arbitrage consists of purchasing a commodity or security in onemarket for immediate sale in another market (deterministic arbitrage).
b) It is a barrage
c) It is a brokerage
d) It is a commission
e) None of these
a) Technically, arbitrage consists of purchasing a commodity or security in onemarket for immediate sale in another market (deterministic arbitrage).
b) It is a barrage
c) It is a brokerage
d) It is a commission
e) None of these
14.What is Baby Bond (in U.S.A)?
a) Bonds given to babies
b) Abond with a face value of less than$1000 usually in $100 denominations
c) Bonds given to small children
d) Bonds given to young boys
e) None
a) Bonds given to babies
b) Abond with a face value of less than$1000 usually in $100 denominations
c) Bonds given to small children
d) Bonds given to young boys
e) None
15.What is 'Balanced fund'?
a) Funds which aim to provide both growth and regular income as such schemes invest both in equities and fixed income securities in the proportion indicated in their offer documents.
b) Fund created for balance sheet purpose
c) Mutual Fund
d) Unit
e) None of these
a) Funds which aim to provide both growth and regular income as such schemes invest both in equities and fixed income securities in the proportion indicated in their offer documents.
b) Fund created for balance sheet purpose
c) Mutual Fund
d) Unit
e) None of these
16.What is 'Bear Hug' ?
a) Avariety of takeover strategy that seeksto hurry target company managements to recommend acceptance of a tender offer in a short period of time
b) Ahug by an animal
c) Ahug by share brokers
d) Akind of business
e) None of these
a) Avariety of takeover strategy that seeksto hurry target company managements to recommend acceptance of a tender offer in a short period of time
b) Ahug by an animal
c) Ahug by share brokers
d) Akind of business
e) None of these
17.What is 'Blue Chip'?
a) The best rated shares with the highest status as investment based on return, yield, safety, marketability and liquidity.
b) Amicrochip
c) Electronic chip in blue colour
d) Computer terminology
e) None of these
a) The best rated shares with the highest status as investment based on return, yield, safety, marketability and liquidity.
b) Amicrochip
c) Electronic chip in blue colour
d) Computer terminology
e) None of these
18.What is 'Zero Coupon Bond'?
a) A bond that pays no interest while the investor holds it.
b) A bond that brings cash only
c) a share
d) a debenture
e) None of these
a) A bond that pays no interest while the investor holds it.
b) A bond that brings cash only
c) a share
d) a debenture
e) None of these
19.What is 'Sweat equity'? a) Shares given to Ministers
b) Asweat equity share is an equity shareissued by the company to employees or directors at a discount or for consideration other than cash for providing know how or making available rights in the nature of intellectual property rights or value additions
c) Shares given to Promoters of a company
d) Shares given to friends of Promoters
e) None of these
b) Asweat equity share is an equity shareissued by the company to employees or directors at a discount or for consideration other than cash for providing know how or making available rights in the nature of intellectual property rights or value additions
c) Shares given to Promoters of a company
d) Shares given to friends of Promoters
e) None of these
20.What is 'Port folio' in share market business ?
a) Acollection of securities owned by anindividual or an institution (such as amutual fund) that may include stocks,bonds and money market securities.
b) Minister's portfolio
c) A portion of the building
d) Part of a book
e) None of these
a) Acollection of securities owned by anindividual or an institution (such as amutual fund) that may include stocks,bonds and money market securities.
b) Minister's portfolio
c) A portion of the building
d) Part of a book
e) None of these
21.The opening of new branches and shifting of existing branches of banks is governed by which Section of the Banking Regulation Act, 1949?
a) Section 42
b) Section 23
c) Section 20
d) Section 16
e) None
a) Section 42
b) Section 23
c) Section 20
d) Section 16
e) None
22.A bank "branch" would include which of the following?
a) full fledged branches, specialised branches,
b) satellite offices, mobile branches Extension Counters,
c) off site ATMs (Automated Teller Machines),
d) administrative offices, controlling offices, service branches (back office or processing centre) etc.
e) All the above
a) full fledged branches, specialised branches,
b) satellite offices, mobile branches Extension Counters,
c) off site ATMs (Automated Teller Machines),
d) administrative offices, controlling offices, service branches (back office or processing centre) etc.
e) All the above
23.A'call centre' will not be treated as a bank branch. What is 'call centre'?
a) A'call centre' is one, where only accountsor product information is provided to the customer through tele-banking facility and nobanking transaction is undertaken throughsuch centres. Also, no direct interface with clients/customers is permitted at 'call centres'.
b) Telephone booth
c) Internet cafe
d) Hub
e) None of these
b) Telephone booth
c) Internet cafe
d) Hub
e) None of these
24.What percent of the total number of branches opened during a financial year (excluding entitlement forbranches in Tier1 centres given by way of incentive), must be opened in unranked rural(Tier5 and Tier6) centres?
a) 5%
b) At least 25 percent (Explanation: Centres which do not have a brick and mortar structure of any scheduled commercial bank for customer based banking transactions)
c) 10%
d) 15%
e) None of these
a) 5%
b) At least 25 percent (Explanation: Centres which do not have a brick and mortar structure of any scheduled commercial bank for customer based banking transactions)
c) 10%
d) 15%
e) None of these
25.The Extension Counters of Banks should carry out limited type of banking business i.e., which of the following?
a) Deposit/withdrawal transactions,
b) issuing and encashment of drafts and mail transfers,
c) Issue and encashment of travellers' cheques,
d) Sale of gift cheques and Collection of bills,
e) All the above
a) Deposit/withdrawal transactions,
b) issuing and encashment of drafts and mail transfers,
c) Issue and encashment of travellers' cheques,
d) Sale of gift cheques and Collection of bills,
e) All the above
26.Who are required to bring an assigned capital of US$25 million up front at the time of opening the first branch in India?
a) Co-operative banks
b) Foreign banks
c) UCBs
d) RRBs
e) None of these
a) Co-operative banks
b) Foreign banks
c) UCBs
d) RRBs
e) None of these
27.What is External Commercial Borrowing (ECB) ?
a) ECBs are commercial loans raised byeligible resident entities from recognisednonresident entities and should conform toparameters such as minimum maturity, permitted and non-permitted end-uses, maximum all-in-cost ceiling, etc.
b) Borrowing from a bank
c) Borrowing from a neighbour
d) Borrowing from Government
e) None of these
a) ECBs are commercial loans raised byeligible resident entities from recognisednonresident entities and should conform toparameters such as minimum maturity, permitted and non-permitted end-uses, maximum all-in-cost ceiling, etc.
b) Borrowing from a bank
c) Borrowing from a neighbour
d) Borrowing from Government
e) None of these
28.What are the end use prescriptions for ECB raised underthe three tracks ?
a) can be utilised for capital expenditure
b) import of capital goods including payment towards import of service
c) Modernisation /expansion of existing units
d) Acquisition of shares of public sector undertakings
e) All the above
a) can be utilised for capital expenditure
b) import of capital goods including payment towards import of service
c) Modernisation /expansion of existing units
d) Acquisition of shares of public sector undertakings
e) All the above
29.The ECB proceeds can be used for all purposes excluding which of the following?
a) Real estate activities
b) Investing in capital market
c) Using the proceeds for equity investment domestically;
d) On-lending to other entities with any of the above objectives and Purchase of land
e) All the above
a) Real estate activities
b) Investing in capital market
c) Using the proceeds for equity investment domestically;
d) On-lending to other entities with any of the above objectives and Purchase of land
e) All the above
30.Foreign Currency Exchangeable Bonds(FCEBs) can be issued only under the approval route and shall have minimum maturity of how many years?
a) 5
b) 15
c) 20
d) 25
e) None of these
a) 5
b) 15
c) 20
d) 25
e) None of these
31.The number of banking outlets in Indian villages went up from 67,694 in March2010 to how many in March 2016?
a) 2,00,000
b) 5,86,307
c) 4,00,000
d) 3,50,600
e) None
a) 2,00,000
b) 5,86,307
c) 4,00,000
d) 3,50,600
e) None
32.The Basic Savings Bank Deposit Accounts (BSBDAs) have gone up from73 million in March 2010 to how many as on March 31, 2016 ?
a) 200 million
b) 469 million
c) 300 million
d) 400 million
e) None
a) 200 million
b) 469 million
c) 300 million
d) 400 million
e) None
33.What is the limit fordraft issue as well as third party transfer on net, normally?
a) Rs.50000/- Between two of your accounts it can be unlimited.
b) Rs.10,000/-
c) Rs.20,000/-
d) Rs.5,000/-
e) None of these
a) Rs.50000/- Between two of your accounts it can be unlimited.
b) Rs.10,000/-
c) Rs.20,000/-
d) Rs.5,000/-
e) None of these
34.NRIs (including PIO / OCI) residing in which county are not permitted to open NRO account?
a) UK
b) Nepal or Bhutan
c) Russia
d) Germany
e) None of these
a) UK
b) Nepal or Bhutan
c) Russia
d) Germany
e) None of these
35.How many NEFT transactions are settled in batches based on the specified timings on weekdays?
a) 12 settlements
b) 5 settlements
c) 2 settlements
d) 7 settlements
e) None of these
a) 12 settlements
b) 5 settlements
c) 2 settlements
d) 7 settlements
e) None of these
36.First cheque book is free. However, additional cheques will be issued after that, by charging how much per leaf?
a) Rs. 3/- per leaf and will be debited from the account
b) Rs.5/- per leaf
c) Rs.10/- per leaf
d) Rs.15/- per leaf
e) None of these
a) Rs. 3/- per leaf and will be debited from the account
b) Rs.5/- per leaf
c) Rs.10/- per leaf
d) Rs.15/- per leaf
e) None of these
37.FCNR (B) Account can be opened by paying money in which currencies ?
a) USD,
b) EURO,
c) GBP,
d) CAD, JPY and AUD
e) All the above (only as a fixed deposit)
a) USD,
b) EURO,
c) GBP,
d) CAD, JPY and AUD
e) All the above (only as a fixed deposit)
38.Cheque can be returned with which of the following reasons?
a) Drawer's signature illegible
b) Drawer's signature differs
c) Drawer's signature required
d) All the above
e) None of these
a) Drawer's signature illegible
b) Drawer's signature differs
c) Drawer's signature required
d) All the above
e) None of these
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