01.The loan given by a bank to a person to purchase house is called____?
a) project Finance
b) Business Loan
c) Credit Loan
d) Top up Loan
e) None of the above
a) project Finance
b) Business Loan
c) Credit Loan
d) Top up Loan
e) None of the above
2. What is financial inclusion?
a) To provide a permanent employment to the unemployed
b) To provide a 100 days job to all those who are in need of a job
c) To provide banking services to all those living in remote areas
d) To ensure thatall financialtransactions amounting Rs. 5,000/-and above are done through banks.
e)None of the above
a) To provide a permanent employment to the unemployed
b) To provide a 100 days job to all those who are in need of a job
c) To provide banking services to all those living in remote areas
d) To ensure thatall financialtransactions amounting Rs. 5,000/-and above are done through banks.
e)None of the above
3. Which of the following is the best way to get hard cash immediately from one’s bank account at a time when banks are not working?
a) Phone Banking
b) ATM
c) Internet Banking
d) All of these
e) None of the above
a) Phone Banking
b) ATM
c) Internet Banking
d) All of these
e) None of the above
4. Which of the following is the name ofthe organization specifically to developsmall scaleindustrial sector in ourcountry?
a) NABARD
b) SEBI
c) SIDBI
d) AMFI
e)None of the above
a) NABARD
b) SEBI
c) SIDBI
d) AMFI
e)None of the above
5. When was the first commercial bankin India, ‘Hindustan Bank’. Set up in Calcutta (now Kolkata)?
a) 1690
b) 1770
c) 1805
d) 1890
e) none of these
a) 1690
b) 1770
c) 1805
d) 1890
e) none of these
6.Which of the following statement iscorrect 😕
a) a draft can be cancelled only by thedrawee branch
b) a draft can be cancelled only by theissuing branch
c) a draft can be cancelled only if both the issuing branch and the drawee branch agree to do so
d) a draft can be cancelled only after obtaining permission from the controlling authority
e) none of these
a) a draft can be cancelled only by thedrawee branch
b) a draft can be cancelled only by theissuing branch
c) a draft can be cancelled only if both the issuing branch and the drawee branch agree to do so
d) a draft can be cancelled only after obtaining permission from the controlling authority
e) none of these
7. The bank conducts Government business as an agent of:
a) Union and State governments
b) Reserve Bank of India
c) State Bank of India
d) Both(1) and (2)
e) None of the above
a) Union and State governments
b) Reserve Bank of India
c) State Bank of India
d) Both(1) and (2)
e) None of the above
8.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
e) none of the above
a) Investment in Money Market
b)Government Securities
c) Balance with RBI
d) All of the above
e) none of the above
9. Counter guarantee means a guarantee obtained:?
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,
b) By banks from ECGC covering export risk,
c) By banks from the beneficiary of the guarantee in whose favour the guarantee is to be issued,
d) All of the above,
e) none of the above
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,
b) By banks from ECGC covering export risk,
c) By banks from the beneficiary of the guarantee in whose favour the guarantee is to be issued,
d) All of the above,
e) none of the above
10. NABARD is a:?
a) Board
b) Bureau
c) Bank
d)Department
e) none of the above
a) Board
b) Bureau
c) Bank
d)Department
e) none of the above
11.The term “Multi-agency approach to rural lending” means:?
a) provision of funds rural development by the NABARD through various lending agencies spread over the rural areas
b) provision of rural credit by commercial banks, regional rural banks and cooperative credit institutions
c) provision of fiancé for rural development by various central and state government agencies ,
d) the whole structure of rural fiancé institutional as well as
e) none of the above
a) provision of funds rural development by the NABARD through various lending agencies spread over the rural areas
b) provision of rural credit by commercial banks, regional rural banks and cooperative credit institutions
c) provision of fiancé for rural development by various central and state government agencies ,
d) the whole structure of rural fiancé institutional as well as
e) none of the above
12. Which of the following types of ATMs eliminates the need for PIN earlyand authenticated customer transactions by thumb impressions.
a) while label ATMs
b) BiometricATMs
c) On-site ATMs
d) Off-site ATMs
e) none of the above
a) while label ATMs
b) BiometricATMs
c) On-site ATMs
d) Off-site ATMs
e) none of the above
13. A loan granted for short durationcrops would be treated as NPA, if the instalment of principal or interest there on remains overdue for?
a) two crop seasons
b) two quarters
c) two half-years
d) whichever is less
e) none of the above
a) two crop seasons
b) two quarters
c) two half-years
d) whichever is less
e) none of the above
14. “Scheduled bank” means a bank?
a) incorporated under the Companies Act, 1956
b) authorized to the Banking business,
c) governed by the Banking Regulation Act, 1949
d) Included in the Second schedule to the Reserve Bank of India Act 1934
e) All of the above
a) incorporated under the Companies Act, 1956
b) authorized to the Banking business,
c) governed by the Banking Regulation Act, 1949
d) Included in the Second schedule to the Reserve Bank of India Act 1934
e) All of the above
15. For filing and resolving customer complaints the banking Ombudsman?
a) charges a fee of 500/-
b) does not charge any fee
c) charges a fee of 1500/-
d) charges a fee of 1000/-
e) none of the above
a) charges a fee of 500/-
b) does not charge any fee
c) charges a fee of 1500/-
d) charges a fee of 1000/-
e) none of the above
16. How many banks are presently associated of State Bank of India?
a) Eight
b) Seven
c) Six
d) Five
e) Four
a) Eight
b) Seven
c) Six
d) Five
e) Four
17. Which of the following is not the part of the scheduled Banking structure in India?
a) Money Lenders
b) Public sector Banks
c) Private Sector Banks
d) Regional rural banks
e) State Cooperative banks
a) Money Lenders
b) Public sector Banks
c) Private Sector Banks
d) Regional rural banks
e) State Cooperative banks
18. Lot of Banks in India these days are offering M-banking facility to their customers. What is the full form of ‘M’in ‘M’-Banking’?
a) Money
B) Marginal
c) Message
D) Mutual Fund
e) Mobile
a) Money
B) Marginal
c) Message
D) Mutual Fund
e) Mobile
19. The Branding Line of Bank of Baroda is?
a) International Bank of India
b) India’s international bank
c) India’s multinational bank
d)World ‘s local bank
e) none of the above
a) International Bank of India
b) India’s international bank
c) India’s multinational bank
d)World ‘s local bank
e) none of the above
20.To use smart cards/ debit cards/ creditcards for the purchase of an item or for payment of a service of a merchant’s store, the card has to be swiped in a terminal known as?
a) point of Sale terminal,
b) Real time terminal
c) Shopping terminal
d) All of the above
e) none of the above
a) point of Sale terminal,
b) Real time terminal
c) Shopping terminal
d) All of the above
e) none of the above
21. A bank account in which a depositor can deposit his funds any number of times he likes and can also withdraw the same any number of times he wishes is called?
a) Fixed deposit account
b) Saving account
c) Current account
D) Recurring account
a) Fixed deposit account
b) Saving account
c) Current account
D) Recurring account
22. On dishonouring of a cheque what kind of remedy is available to the holder of the cheque under NI act?
a) holder can file complaint with Ombudsman
b) holder can file the case in a normal court
c) holder can file a complaint with metropolitan magistrate or class I judicial magistrate,
d) holder can file a complaint with RBI
e) none of the above
a) holder can file complaint with Ombudsman
b) holder can file the case in a normal court
c) holder can file a complaint with metropolitan magistrate or class I judicial magistrate,
d) holder can file a complaint with RBI
e) none of the above
23. Any note, which is wholly orpartially, obliterated, shrunk,washed,altered or indecipherable is a/an?
a) mutilated note
b) imperfect note
c)soiled note
d) mismatched note
e)none of these
a) mutilated note
b) imperfect note
c)soiled note
d) mismatched note
e)none of these
24. Before issuing currency notes to the public over the counters or through ATMs, the bank notes in denomination of Rs 100 and above are to be processed?
a) through machines to check authenticity
b) through manual verification
c) through ultra violet lamp,
d) any of the above
e) none of the above
a) through machines to check authenticity
b) through manual verification
c) through ultra violet lamp,
d) any of the above
e) none of the above
25. Consider the following?
1. international bank for reconstruction and development (IBRD)
2. international development association(IDA)
3. International finance corporation (IFC)
4. Multilateral investment guarantee agency (MIGA)
5. International center for settlement of investment disputes (ICSID)which among the above constitute the world bank group?
a) I only
b) 1 and 2
c) 1, 2 and 3
d) 1, 2, 3 and 4
e) 1, 2,3 4 and 5
1. international bank for reconstruction and development (IBRD)
2. international development association(IDA)
3. International finance corporation (IFC)
4. Multilateral investment guarantee agency (MIGA)
5. International center for settlement of investment disputes (ICSID)which among the above constitute the world bank group?
a) I only
b) 1 and 2
c) 1, 2 and 3
d) 1, 2, 3 and 4
e) 1, 2,3 4 and 5
Answer keys
|
01 D
|
02 C
|
03
B
|
04 B
|
05
B
|
|
06
B
|
07 B
|
08 C
|
09 A
|
10
C
|
|
11
B
|
12
B
|
13 A
|
14
D
|
15
B
|
|
16
D
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17
A
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18
E
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19
B
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20
A
|
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21
C
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22 C
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23
B
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24
A
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25
E
|