Banking General Awareness

1. FCA(Foreign Currency Assets) (in India) are maintained in a multi-currency portfolio comprising major currencies and are valued in terms of US dollars. Which of the following currencies are taken for this purpose?
a) US dollar
b) Euro
c) British Pound sterling
d) Japanese yen
e) All the above

2. FCA (in India) excludes which of the following?
a) Investment in bonds issued by IIFC (UK)
b) SDR holdings of Reserve Bank, which is included under SDR
c) Amount lent to Sri Lanka under SAARC Swap and Special Currency Swap Arrangement, and Bhutan under SAARC Swap Arrangement.
d) All the above
e) None of these

3. RTP refers to Reserve Tranche Position. Where it is maintained by RBI?
a) In IMF
b) Bank of India
c) Bank of Baroda
d) Indian Bank
e) None of these

4. The limit on withdrawals from ATMs has been enhanced from the current limit of Rs. 4,500/- to how much ?(It will be operative within the existing overall weekly limit).
a) Rs. 10,000/- per day per card
b) Rs.50,000/- c) Rs.60,000/-
d) Rs. 70,000/- e) None of these

5. The Reserve Bank uses which of the following as the messaging platform to settle its trades and send financial messages to its counterparties (in foreign countries)?
a) RTGS
b) SWIFT
c) NEFT
d) INFINET
e) None

6. The Reserve Bank of India is holding how many tonnes of gold?
a) 557.77 tonnes of gold
b) 265.49 tonnes
c) 200 tonnes
d) 150 tonnes
e) None of these

7. National Institute of Bank Management (NIBM), was established in 1969 by the Reserve Bank of India, in consultation with the Government of India. Where is NIBM?
a) Indore
b) Pune
c) Nagpur
d) Bhopal
e) Hoshangabad

8. IFSC at GIFT City is probably the first such centre to be launched after the 2008 global financial crisis.
a) New Delhi
b) Gandhinagar, Gujarat
c) Chennai
d) Bengaluru
e) Cochin

9. The RBI has a notified target for inflation of _____, which a six-member Monetary Policy Committee has been enjoined and tasked to realise
a) 4%
b) 5%
c) 6%
d) 7%
e) 6.5%

10. The branch licensing policy covers the opening of branches in how many Tiers of the country?
a) 2 Tiers
b) 6 Tiers (i.e., Tier 1 to 6)
c) 3 Tiers
d) 4 Tiers
e) None of these

11. India's present position among the world's largest economies as per the report published in Forbes magazine is _______
a) 7th
b) 5th
c) 8th
d) 9th
e) 10th

12. Which bank has bagged the SKOCH silver award for attaining the position of No.1 channel partner of LIC of India for the past three financial years?
a) UCO Bank
b) Corporation Bank
c) Allahabad Bank
d) PNB
e) Canara Bank

13. What is the interest rate on EPF deposits for the current fiscal (Financial year 2016-17) as decided by EPFO?
a) 4%
b) 8.65%
c) 5%
d) 6%
e) 9%

14. What is the name of the mobile wallet launched by BSNL in association with SBI for smart as well as feature phones?
a) Indicash
b) Bobcash
c) MobiCash
d) Cancash
e) None of these

15. Who is the new Chief Executive Officer of the Indian Banks Association (IBA)?
a) Arundhathi Bhattacharya
b) V.G.Kannan
c) RaghuramRajan
d) T.A.Pai
e) None of these

16. Who is the new Chairman of LIC of India?
a) T.S.Vijayan
b) V.K.Sharma
c) U.K.Sinha
d) Chitra Ramakrishnan
e) None of these

17. India's growth forecast for 2016 as per Asian Development Bank is _____
a) 8 %
b) 7%
c) 9%
d) 10%
e) None

18. Who is the head of the committee formed by Finance Ministry to boost digital payments which submitted its report recently?
a) Ratan P Watal
b) Rajiv Meharshi
c) Anil Dhasmana
d) Rajiv Jain
e) None of these

19. What is 'DigiShala'?
a) It is a new TV channel for cashless transaction lessons
b) Computer exhibition
c) Software park
d) Insurance Hub
e) None of these

20. Which bank is adjudged as 'Best Bank for SME Lending in PSB category by Assocham at the 4th SME Excellence Awards?
a) Bank of India
b) Vijaya Bank
c) Canara Bank
d) Syndicate Bank
e) Indian Overseas Bank

21. Gross Value Added (GVA) of India for 2016-17 as announced by RBI on 7th December, 2016 is _____
a) 7.1%
b) 6%
c) 5%
d) 4%
e) 8%

22. The exchange authorized by RBI to launch the country's first trade receivables exchange platform is ___
a) RXIL (Receivables Exchange of India)
b) NSE
c) BSE
d) Nasdaq
e) None

23. The new ceiling of Market Stabilisation Scheme (MSS) is ____
a) Rs. 6 Lakhs Crores
b) Rs. 4 Lakh Crores
c) Rs.2 Lakh Crores
d) Rs. 8 Lakh Crores
e) None of these

24. Cheque number is printed in the bottom  portion of the cheque? Cheque No. code has how many digits?
a) 6 - digits
b) 4 digits
c) 2 digits
d) 12 digits
e) None of these