1) What is the slogan of State Bank of India?
Answer
The Banker to Every India
2) Which of the following cannot be called as a Debt Instrument as referred in financial transactions?
Answer
Stocks
3) Who is introduced Paper Currency first time in India ?
Answer
British Government
4) Pledge means?
Answer
bailment of goods as security for payment of a debt or performance of a promise
5) Khandelwal Committee relates to study of ………….. issue in Public Sector Banks?
Answer
Human Resources
6) Which of the following rates are decided by the RBI called as Policy Rate‖?
Answer
Cash reserve ratio
7) Central Depository Services Limited (CDSL), is the second Indian central securities depository based in?
Answer
Mumbai
8) Money lent for 15 days or more in inter-bank market is called
Answer
Term Money
9) The appointments of Banking Ombudsman will be carried out by which of the following?
Answer
RBI
10) The Head Office of National Housing Bank is in
Answer
New Delhi
11) Which of the following terms is used in banking and finance?
Answer
Demand Deposit
12) Who appoints the governor of Reserve Bank of India?
Answer
Central Government
13) Which of the following functions are not being performed by the Reserve Bank of India?
Answer
Regulation of Foreign Direct Investment inIndia
14) The New Capital Adequacy Frame work prescribed for the banks is commonly known as?
Answer
Basel accord
15) Headquarters of Asian Development Bank in
Answer
Mandaluyong, Philippines
16) Banks in our country normally publicize that additional interest rate is allowed on retail domestic term deposits of
Answer
Senior citizens
17) Which of the following is included in bancassurance?
Answer
All the above
18) Identify the odd one out from the following benefits of RTGS.
Answer
Suited for only lower value transactions
19) Tagline of Bank of Baroda
Answer
India’s International Bank
20) Accounts are allowed to be operated by cheques in respect of:-
Answer
saving and current accounts.
21) In which denomination were Indias first bimetallic coins issued in the year 2009?
Answer
Rs. 10
22) Which among the following is the first universal bank of India?
Answer
ICICI
23) The IMGC is the sole provider of mortgage guarantor for housing finance in India. The alphabet I‖ in the abbreviation IMGC stands for
Answer
India
24) BLA stands for
Answer
Bond Ledger Account
25) A rise in the reserve ratio of banks
Answer
Will lead to a decrease in the money supply
26) Which bank launched skill development mission initiated by the Centre to train millions of youths and make India a hub for skilled workforce?
Answer
Federal Bank
27) What is Packing Credit ?
Answer
Finance extended to an exporter to meet the cost of buying and/or making products to be exported
28) Expand CRAR in terms of banking sector.
Answer
Capital –to-Risk Asset Ratio
29) Now-a-days Banks are selling third baparty products. Example of third baparty product is:
Answer
Mutual funds
30) When was the Financial Market Debapartment was established by RBI?
Answer
July, 2005
31) Which of following is NOT a function of the Reserve Bank of India?
Answer
Fiscal Policy Functions
32) Under which category will you classify Regional Rural Banks ?
Answer
Scheduled Commercial Banks
33) bapart of companys earning or profit which is paid out to share holders is known as
Answer
Dividend
34) The Regulatory Authority for Regional Rural Banks is
Answer
RBI and NABARD
35) The appointments of Banking Ombudsman will be carried out by which of the following?
Answer
RBI
36) Which is the first bank to get ISO certificate?
Answer
Canara Bank
37) Usually, the validity period of an Income Tax Refund Order is?
Answer
3 months
38) What is the full form of REER?
Answer
Real Effective Exchange Rate
39) How Commercial banks can regulate money supply?
Answer
Creation of demand deposits
40) Which among the following public sector bank has embarked upon an ambitious project of upgrading the bandwidth at all its branches to 2 Mbps in bapartnership with BSNL?
Answer
Canara Bank
41) Which of the following is the first commercial bank to launch mutual fund?
Answer
State Bank of India
42) Which of the following entities are applicable for the new listing obligations and disclosure requirements of SEBI regulations, 2014?
Answer
All the above
43) Head Quarters of BIS?
Answer
Basel, Switzerland
44) In regards to insurance, A policy provision to be restored from a lapsed status and resume active coverage, is termed as
Answer
Reinsurance
45) Loan of very small amounts given to low income groups is called ?
Answer
Micro credit
46) Which of the following is an international forum to discuss and implement supervisory norms in all the banks of the world?
Answer
Basel Committee
47) Which of the following is/are essential features of a genuine currency note?
Answer
All of the above
48) KYC means
Answer
Satisfy yourselves about the customer’s identity and activities
49) At Present, What is the maximum amount that a payment bank can accept from a depositer?
Answer
Rs.1 lakh
50) FIMMDAs general principles and procedures are applicable to
Answer
All of the above
51) Where are the headquarter of National Housing Bank (NHB)?
Answer
New Delhi
52) CASA is basically the combination of Current account and saving account deposits with a Bank. Why do the Banks put greater emphasis on mobilizing a high CASA ratio?
Answer
It helps reduction in average cost of funds
53) Which of the following types of accounts are known as Demat Accounts?
Answer
Accounts in which shares of various companies are traded in electronic form
54) CIBIL Transunion score ranges from
Answer
300, 900
55) The sponsor bank of Ellaquai Dehati Bank is?
Answer
SBI
56) Which amongst the following organizations make major credit policies for the RRBs?
Answer
NABARD
57) The main function of an Asset Management Company is to:
Answer
manage the funds by making investments in various types of securities
58) What is the expanded form of ECS as used in banking sector?
Answer
Electronic Clearing Service
59) What is the minimum denomination of Treasury bills to issue in India? 25000
Answer
30000
60) The Stand Up India‖ is aimed at promoting entrepreneurship among women and scheduled castes and tribes. The bank loans under the scheme shall be referenced to _
Answer
SIDBI
61) What is the full form of FSDC?
Answer
Financial Stability and Development Council
62) The headquarter of Bank of India is located in which of the following city?
Answer
Mumbai
63) What is the expanded form ECS as used in banking sector?
Answer
Electronic Clearing Service
64) RBI was established on
Answer
1st April 1935
65) Times bank limit merged with
Answer
HDFC bank
66) The tax levied by Local Governments i.e. Municipal Corporations and municipalities is
Answer
House Tax
67) The maturity of Treasury Bills in India is always less than
Answer
365 Days
68) Among the banks in our country, which of the following is not a foreign bank?
Answer
Ing Vysya Bank
69) Cash Reserve Ratio is maintained in the form of?
Answer
Balance with Reserve Bank of India
70) Who is holding the share capital of nationalised banks
Answer
Government of India & Public
71) Hypothecation is applicable in the case of
Answer
Movable goods
72) In which of the following States there is no Regional Rural Bank?
Answer
Goa
73) Full form of QIB is
Answer
Qualified Institutional Buyers
74) I.B.A. Means
Answer
Indian Bank Association
75) The soon to be set up proposed Micro Units Development Refinance Agency (Mudra) Bank will be first set up as a subsidiary of the
Answer
SIDBI
76) The rate at which banks borrows from the RBI is called
Answer
Repo Rate
77) If the stock markets are declining then it is called as
Answer
Bear run
78) Reserve Bank of India does not perform the role of?
Answer
to accept money from public
79) Banks has different interest rates for different loans products. To which rate are these interest rates linked?
Answer
Base rate
80) Which of the following is not Non Commercial Bank ?
Answer
SIDBI
81) Stock Exchanges generally work in -
Answer
Secondary Market
82) As we know that CARE is a well-known rating company but how many officers of CARE are located in India?
Answer
Seven
83) Which of the following is not a banking term?
Answer
Entry load
84) Which of the following is a measure taken by Reserve Bank of India to control inflation in our country?
Answer
Contraction of supply of currency
85) A banking Ombudsman will not entertain Credit Cards Complaints which are more than
Answer
12 months
86) Where is the head quarter of sequrities and Exchange Board of India (SEBI)?
Answer
Mumbai
87) In banking parlance, ‗NPA stands for
Answer
Non Performing Asset
88) Slogan of Allahabad Bank
Answer
A Tradition of Trust
89) Stock Exchanges generally work in -
Answer
Secondary Market
90) What is meant by ‗Underwriting the term frequently used in financial sector?
Answer
The Act of taking on a risk
91) What are the facilities available to the customers through ATM
Answer
all of the above
92) What is ‗STT?
Answer
Securities transaction tax
93) Which among the following definitions of ATMs are incorrect:
Answer
None of These
94) Which of the following organisations releases World Economic Outlook Report ?
Answer
International Monetary Fund
95) Which of the following Rates/Ratios is not covered under the Monetary and Credit Policy of the RBI?
Answer
Exchange Rate of Foreign Currencies
96) What is the headquarters of Canara Bank?
Answer
Bengaluru
97) Bank can grant Loans against..?
Answer
LIC Policy
98) Customer Day in the bank is on and customers are allowed to meet the top officials of the bank on this day in every month:
Answer
15th
99) Fixed deposits and recurring deposits are?
Answer
Repayable after an agreed period
100) What does DD stand for
Answer
Demand Draf
101) ‗Birr is the name of currency of which of the following countries?
Answer
Ethiopia
102) Which bank has launched the fist contactless debit, credit and multi-currency forex card?
Answer
Axis Bank
103) Which of the following banks was first to establish merchant banking business in India?
Answer
Grindlays Bank
104) Which of the following is held by a depository?
Answer
All of these
105) Which of the following has decided to block LPG subsidy and PAN of the tax defaulters?
Answer
Income Tax Debapartment
106) If the Cash Reserve Ratio (CRR) is lowered by the RBI, its impact on credit creation will be:
Answer
Increase
107) Which of the following statements is TRUE about National Federation of State Co-Operative Banks?
Answer
All of the above
108) National Payments Corporation of India (NPCI) is being used by banks for
Answer
Clearing and settlement
109) The Nippon Ginko is the central bank of:
Answer
Japan
110) What is macro-economics?
Answer
macro economics deals with economic activities of the level of an economy as a whole
111) Banks allow some important customers to withdraw without clear credit balance. Such facility is known as:
Answer
Overdraft
112) Whenever RBI does some Open Market Operation Transaction, actually it wishes to regulate which of the following?
Answer
liquidity in economy
113) What is a corporate Hedging?
Answer
It is a mechanism to protect firm’s Exposure to market risk
114) The primary function of a central co-operative bank is to
Answer
All of the above
115) Which of the following fall under the qualitative method of credit control adopted by the Reserve bank of India?
Answer
All the above
116) What is Stagflation‖?
Answer
inflation after deflations
117) Which of the following is not a banking related term?
Answer
Radiation
118) Regional Rural Banks were established in the year
Answer
1975
119) NBFCs consist of
Answer
None of the above
120) The Commercial Banking System in India consists of
Answer
Scheduled and Non-Scheduled Banks
121) What do you mean by Mortgage?
Answer
A security created on immovable property for a loan given by a bank
122) Which bank bagged the prestigious ‗Bank of the year award 2015?
Answer
Yes BankWhich bank has inst6alled
123) Loan for fish rearing is covered under Prirority Sector as
Answer
Direct Agriculture
124) If the Cash Reserve Ratio (CRR) is lowered by the RBI, its impact on credit creation will be:
Answer
Increase
125) Which was the first bank to introduce ATM in India?
Answer
HSBC
126) The Chairman of SEBI is nominated by?
Answer
Government of India
127) The Headquarters of Islamic Development Bank is
Answer
Jeddah, Saudi Arabia
128) IDBI Bank is a ?
Answer
Public Sector Bank
129) Regional Rural Banks have been set up with the basic objective of:
Answer
D.Providing credit, deposit and other banking facilities to people in rural areas
130) In which of the following accounts, operation by cheques is permitted?
Answer
Savings banks accounts and current accounts
131) KYC guidelines followed by the Banks have been framed on the recommendations of the
Answer
Reserve Bank of India
132) All the financial issues of agriculture are dealt by which Bank?
Answer
NABARD
133) What does RBI do if a Re.1 note is issued by Government of India?
Answer
RBI put into circulation
134) The announcement of Bank holidays on 2nd and 4th Saturday will be effective from-
Answer
1st September 2015
135) What is the maturity period for senior citizen savings scheme?
Answer
5 years
136) Which of the following authorities is responsible for maintaining accounts, deposits and cash management of the Government through issue Bonds and Treasury Bills?
Answer
RBI
137) Who headed the RBI panel that has submitted its report titled Data Format for Furnishing of Credit Information to Credit Information Companies.
Answer
Aditya Puri
138) Which of the following is Annuity Service Provider?
Answer
Life Insurance Companies
139) The Reverse Mortgage scheme is launched to give benefit to which of the following groups of society?
Answer
Senior Citizens
140) Which of the following is known as Retail banking‖?
Answer
Consumer banking
141) The Rate at which the domestic currency can be converted into foreign currency and vice versa is called as
Answer
Exchange rate
142) Co-operation as a form of economic activity was formally recognized in India in the year 1904 when
Answer
the first Co-operative Societies Act was passed
143) In Banking terminology, NPA means
Answer
Non-Performing Asset
144) The Pre Shipment finance is provided by the banks only to
Answer
Exporters
145) Who sets up the Bench Mark Interest Rate for Germany ?
Answer
European Central Bank
146) The credit policy of a bank does not consists of?
Answer
Advertising of loan products
147) What is the term used for a deposit with a bank that locks up money for a certain period but also provides an option of premature withdrawal which may attract a penalty?
Answer
Term deposit
148) Which of the following is correct:
Answer
Reserve Bank of India Act, 1934
149) Indian paper currency is minted in Mysore and also in
Answer
Nasik
150) Which of the following is a non-deposit accepting loan company?
Answer
IFC
151) Which among the following is NOT a pillar of Basel III?
Answer
Consolidation of assets
152) Tagline of Punjab and Sindh Bank is
Answer
where service is a way of life
153) The commercial paper can be issued by
Answer
Corporates
154) Which of the following bank has recently launched a new home loan product Women Power‖ with a differential rate of interest exclusively for women customers?
Answer
HDFC Bank
155) National Payments Corporation of India (NPCI) is being used by banks for
Answer
Clearing and settlement
156) Capital market can be divided into:-
Answer
both 1 and 2
157) Under merchant banking, consultancy services are rendered by banks/merchant bankers for
Answer
all of the above
158) What does RBI regulate through Open Market Operation Transactions?
Answer
Liquidity in economy
159) Which of the following is an investment strategy in which a fund invests in other types of funds?
Answer
Funds of Fund
160) Aadhar Housing Finance Ltd is going to be merged with which of the following?
Answer
DHFL Vysya Housing Finance Ltd
161) SHCIL was established in 1986 under the Government of India as
Answer
Public Ltd
162) Which of the following is the headquarters of Narmada Jhabua Grameen Bank?
Answer
Indore, MP
163) Disguised unemployment Denotes:
Answer
a situation where too many workers are doing a limited amount of work.
164) Lack of access to financial services is technically known as
Answer
Financial Exclusion
165) Factoring is
Answer
a means of financing traders and manufactures by taking over their receivables
166) Which of the following banks is not wholly owned by the Government of India?
Answer
State Bank of India
167) Which of the following is not a primary function of a Bank?
Answer
Facilitating import of goods
168) Ratnakar Bank limited (RBL) Bank has announced the opening of its Indian Financial System Code (IFSC) Banking Unit (IBU) at Gujarat International Finance Tec-City (GIFT City). Where is the corporate office of RBL Bank?
Answer
Mumbai
169) Who is the MD and CEO of Punjab ans Sind Bank?
Answer
S.Jatinderbir Singh
170) Under which of the following methods of note-issue the RBI issues notes?
Answer
Minimum Reserve System
171) Reserves which can act as a liquidity buffer for commercial banks during crisis times are
Answer
SLR
172) The regulator for Mutual Funds in India is?
Answer
SEBI
173) RBI was established on
Answer
12875
174) CRISIL is a
Answer
Credit Rating Agency
175) RBI stipulates a healthy mix of CASA in the business figures of banks. What is CASA?
Answer
Current Account and saving Account
176) Loan taken by the person, not telling the purpose of taking loan is called
Answer
Personal Loan
177) The MAT is a tax levied under Income Tax Act of India, 1961. What is the full form of the term MAT?
Answer
Minimum Alternate Tax
178) Which was the first bank to set up talking ATM in India?
Answer
Union Bank OF India
179) Which among the following is a qualitative tool of monetary policy?
Answer
Credit rationing
180) Which among the following bank has bagged the ‗Best MSME Bank Award 2016 instituted by Assocham?
Answer
Corporation Bank
181) When the rate of inflation increases
Answer
Purchasing power of money decreases
182) Which of the following organizations/agencies works solely to monitor and arrange flow of agriculture credit in India ?
Answer
NABARD
183) In which of the following types of banking, there is a direct execution of transaction between a bank and its consumers?
Answer
Retail Banking
184) Which of the following banks (in Sep 2016) has announced the deployment of `Software Robotics in over 200 business processes across various functions?
Answer
ICICI Bank
185) Which of the following is the main advantage of ASBA‖ with the applicants for share allotment?
Answer
ASBA applicants deposit/OD account is not debited, only the funds are blocked for the same and he/she continues to avail interest till the shares are allotted to him/her.
186) Who among the following is the guardian of the PFRDA, subject to his Financial Emergency Powers, as per the Articles of Indian Constitution?
Answer
President
187) How many banks are presently associated of State Bank of India?
Answer
Five
188) In which of the following States there is no Regional Rural Bank?
Answer
Goa
189) Which of the following bank is the first universal bank established in the country:
Answer
ICICI Bank Limited
190) Who is the ex-officio chairperson of the Monetary policy Committee (MPC)?
Answer
RBI Governor
191) Mohammad yunnus, who has been awarded Nobel peace prize in 2006, is a citizen of
Answer
Bangladesh
192) Which of the following term in related with Economy?
Answer
Buoyancy
193) The Basic Savings Bank Deposit Account opened on the basis of simplified KYC norms are treated as Small Account. BSBDA-Small Accounts are NOT subject to which of the following conditions?
Answer
Other than the given options
194) The capital markets regulatory authority has supervision over:
Answer
All the above
195) Which of the following bodies regulates the Regional Rural Banks?
Answer
NABARD
196) Monetary Policy of RBI does not include
Answer
Reduction of taxes
197) BCSBI is governed by a
Answer
six-member
198) Bank Rate is…
Answer
Rate at which commercial banks borrow long term funds from Central Bank.
199) Which of the following banks is limited to the needs of agriculture and rural finance?
Answer
NABARD
200) The process of the total valuation of the financial capital assets of a country is technically known as?
Answer
Market Capitalization
201) What is the upper limit prescribed for RTGS transaction?
Answer
No upper limits is prescribed
202) The headquarters of Langpi Dehangi Rural Bank is?
Answer
Diphu, Assam
203) Which of the following bank has its headquarters in Tamil Nadu?
Answer
Karur Vysya Bank
204) In CRR, C stands for
Answer
Cash
205) On which one of the following issues IMF has supported monetary policy of India?
Answer
Tightening of monetary policy
206) Generally, what is the designation of head of public sector undertakings (PSUs) and PSU banks in India?
Answer
Chairman cum Managing Director
207) The maturity period of recently introduced Gold Bonds is –
Answer
8 years
208) What is difference between banks & HFCs?
Answer
All of the Above
209) Which report is published by World Bank every year?
Answer
World development report
210) Which of the following terms is used in Banking?
Answer
Inflation
211) Multilated Notes are?
Answer
Notes which are in pieces and/or of which the essential portions are missing
212) SMERA has been registered under
Answer
Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999
213) In a company the use of price sensitive corporate information by the Company – people to make gains or cover losses is known as?
Answer
insider trading
214) When it comes to electronic banking which among the following are not coming under the purview of electronic banking?
Answer
safe deposit locker
215) Demand draft is a
Answer
negotiable instrument
216) Banking Ombudsman services are available to:
Answer
All the above
217) Which of the following is not included in ‗CAMELS:
Answer
Employees Performance
218) The main foreign exchange reserves in the country are:
Answer
All of the above
219) In India, scheduled commercial banks are those banks included
Answer
In the Second Schedule of BR Act,1949
220) Where is the head quarter of world Health organization (WHO)?
Answer
Jeneva
221) Slogan of Indian Bank
Answer
Your Tech – Friendly Bank
222) DAX is the stock exchange of
Answer
Germany
223) Any change in flow of funds and the demand of them, is clearly reflected in?
Answer
Call money market
224) Foreign exchange Reserves in India are kept in the custody of
Answer
Reserve Bank of India
225) Which of the following is a risk free Instrument?
Answer
Fixed Deposits
226) Under the Banking Regulation Act, 1949, which of following is not qualified to be called as banks in the co-operative sector?
Answer
Primary Agricultural Credit Societies
227) Currently banks claim that they have achieved 100% CBS. What are they referring to?
Answer
It means all their branches are technology driven with core banking solutions
228) Deposits with Regional Rural Banks are insured by
Answer
Deposits Insurance and Credit Guarantee corporation
229) ICICI stands for:
Answer
Industrial Credit and Investment Corporation of India
230) An asset reconstruction company looks for business from banks. What do you understand from this statement?
Answer
Asset reconstruction companies buy bad debts at a discount from banks
231) KYC guidelines followed by the Banks have been framed on the recommendations of the
Answer
Reserve Bank of India
232) Who is the minister of Urban Development Housing & Urban Poverty Alleviation ?
Answer
Rao Inderjit Singh
233) Coins in india are minted at
Answer
All the above
234) ATM cards are issued to a person who maintains any of the following accounts with a bank :
Answer
Both (1) and (3)
235) In India, the bank NABARD does not provide refinance to:
Answer
Export-import bank
236) CRAR stands for:
Answer
Capital to Risk (weighted) Assets Ratio
237) The definition of the priority sector was first formalized in 1972 by?
Answer
Reserve Bank of India
238) Who among the following is the primary regulator of Banking business?
Answer
Reserve Bank of India
239) Production is
Answer
Creation of Utility
240) Which of the following private sector bank re- branded itself as RBS‖?
Answer
ABN Amro Bank
241) The relationship between RBI and the Bank maintaining the currency chest is that of?
Answer
Principal and Agent
242) A fixed deposit receipt is kept with the bank for its safety, is known as
Answer
Safe custody
243) Basel norms which are important regulatory stipulations are meant for which sector?
Answer
Banking
244) Which of the following is/are essential features of a genuine currency note?
Answer
All of the above
245) The ratio of deposits in current and savings account to total deposits of a bank, is known as
Answer
NIM ratio
246) What does M stand for In CAMELS?
Answer
Management
247) What do you mean by C‖ in the term called as FMCG?
Answer
Consumer
248) In CDR, R‖ stands for
Answer
Restructuring
249) Opening the Saving Bank Account of a minor girl will be called as which of the following in Banking terminology?
Answer
Retail Banking
250) Which of the following terms is used in banking field?
Answer
Interest rate swap
251) Special Drawing Rights (SDR) are supplementary foreign exchange reserve assets defined and maintained by
Answer
International Monetary Fund
252) Foreign Trade Policy is Framed by :
Answer
Ministry of Commerce, Government of India.
253) Under the Banking Regulation Act, 1949, which of following is not qualified to be called as banks in the co-operative sector?
Answer
Primary Agricultural Credit Societies
254) Which instrument cannot be transferred from one person to another by endorsement?
Answer
Fixed Deposit Receipt
255) CAG Stands for
Answer
Controller and Auditor General of India
256) Which bank has acquired the Sharekhan.com- broking and trading company?
Answer
BNP Paribas
257) Through which of the following the funds to the projects aided by the World Bank and the International Monetary Fund (IMF) are distributed?
Answer
Agriculture Refinance and Development Corporation
258) A person writes a cheque to make payment to someone. Which of the following must be mentioned on the cheque to complete the transaction successfully?
Answer
All the above
259) Which of the following is the name of the organization specifically to develop small scale industrial sector in our country?
Answer
SIDBI
260) Who is conferred with the Central Banker of the Year Award (Global and Asia Pacific) for 2016 by The Banker, the Financial Times Groups monthly publication?
Answer
Raghuram Rajan
261) What was the purpose of setting up Narsimhan committee-2?
Answer
banking reform process
262) World investment report is published by?
Answer
UNCTAD
263) Service Area Approach (SAA) is associated With?
Answer
Rural and Semi-urban branches of commercial banks
264) What is the full form of PPP?
Answer
Purchasing Power Parity
265) When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as
Answer
term deposit
266) Which of the following is the Headquarters of Yes Bank?
Answer
Mumbai
267) Expand MAT related to tax?
Answer
Minimum Alternative Tax
268) According to accepting public deposits, NBFCs can be classified into
Answer
Two
269) Which agency in India provides refinance of export credit?
Answer
EXIM Bank
270) The first government of RBI is –
Answer
C.D. Deshmush
271) What is the full form of FCCB?
Answer
Foreign Currency convertible Bond
272) Mortgage is Security on:
Answer
Immovable Property
273) What does DD stand for
Answer
Demand Draft
274) In 2014, Competition Commission of India probed the merger between regional rural banks sponsored by Punjab National Bank and
Answer
Syndicate Bank
275) The Central Office of the Reserve Bank was initially established in
Answer
Calcutta
276) Which of the following cannot be a feature of a Debit card?
Answer
Only 1 and 2
277) Fiscal deficit is
Answer
Total expenditure less total receipts excluding borrowing
278) What is the full form of the term OBU?
Answer
Off-shore banking units
279) Initial repayment holiday given to borrower for repayment of loan is called as
Answer
moratorium
280) Which of the following organizations was specially established to operate in Gramin areas by design itself?
Answer
Regional Rural Banks
281) A centralized database with online connectivity to branches, internet as well as ATM-network which has been adopted by almost all major banks of our country is known as
Answer
Core banking
282) From which of the following financial organizations of the world, India had taken soft loan for recapitalization of banks?
Answer
World Bank
283) National Institute of Bank Management (NIBM) is located at..?
Answer
Pune
284) Sovereign Gold Bonds can be held in
Answer
Demat
285) In which among the following years NPCI was incorporated-
Answer
44538
286) In banking parlance, ‗NPA stands for?
Answer
Non-Performing Asset
287) Which private sector bank is recently merged with Kotak Mahindra Bank (KMB)?
Answer
ING Vysya Bank
288) Raising or lowering of the central bank discount rate is known as
Answer
Bank rate policy
289) Which of the following agencies/organizations has decided to make major changes of ULIPs?
Answer
IRDA
290) An Asset Reconstruction Company(ARC) in India is associated with
Answer
NPA
291) Expand the term LIBOR as used in financial banking sectors?
Answer
London Inter Bank Offered Rate
292) Which of the following instruments is not a Negotiable Instrument, as per NI Act, 1881?
Answer
Letter of credit
293) Which of the following was the first Indian bank to open a branch in London in 1946 and the first to open a branch in Paris in 1974?
Answer
Bank of India
294) Where is the headquarter of Asian Development Bank (ADB) located?
Answer
Manila
295) Which of the following leaders maintained their accounts in PNB:
Answer
All of The Above
296) Which was the first bank to be established in India?
Answer
Bank of Hindustan
297) Which of the following bank headquarters not located in Mumbai?
Answer
Federal Bank
298) Electronic fund transfers like RTGS and NEFT are operated and maintained by
Answer
Reserve Bank of India RBI)
299) Some bank are financing projects like Construction Roads/Bridges Etc.
Answer
Infrastructure Development
300) Monetary Policy as an arm of the economic policy is administered by
Answer
Reserve Bank of India
301) The first Indian bank to get ISO certification was
Answer
Canara Bank
302) Where is the headquarter of Federal Bank?
Answer
Kochi
303) Indias first indigenous payment gateway is
Answer
India Pay
304) The KYC does not include obtaining the following :
Answer
Vehicle details of the customer
305) Goods and Services Tax (GST), would replace which of the following taxes level at present?
Answer
Value-added tax (VAT)
306) If a customer does not get a satisfactory response to his grievance from the bank within
Answer
30
307) “Your perfect banking bapartner‖ is the tagline of
Answer
Federal Bank
308) Which of the following is the most liquid money?
Answer
M1
309) NAMA word is related to which organisation ?
Answer
World Trade Organisation
310) Who is primarily liable on a cheque?
Answer
Drawer
311) Which bank started the first RRB named Prathama Grameen Bank?
Answer
Syndicate Bank
312) In respect of bapartnership business, LLP stands for
Answer
Limited Liability bapartnership
313) A debt which is irrecoverable and is therefore written off as loss in the accounts of an institution or bank is known as
Answer
Bad debt
314) What are the facilities available to the customers through ATM :-
Answer
all of the above.
315) Maximum bapart of India Foreign Currency is utilized for
Answer
Petroleum Import
316) High powered money is:-
Answer
banks reserves at central bank
317) Reserve Bank of India was setup on the recommendations of which of the following commission/committee?
Answer
Hilton Young Commission
318) To authenticate a Digital Signature in Cheque Truncation System (CTS), which of the following keys are used..
Answer
Private Key
319) MICR code is used for
Answer
For Electronic Clearance of Cheques
320) When a bank returns a cheque unpaid, it is called?
Answer
Dishonour of the cheque
321) A fixed deposit receipt is kept with the bank for its safety, is known as
Answer
Safe custody
322) SEPA Stands for
Answer
Single Euro Payments Area
323) Whose signature appears on Indian Rs. 100 note?
Answer
RBI Governor
324) A mortgage involves:
Answer
transfer of interest
325) The Foreign exchange of India is kept with
Answer
RBI
326) All regional rural banks (RRBs) are required to maintain their entire statutory liquidity ratio (SLR) in
Answer
government and other approved securities
327) Which of the following is known as Plastic money?
Answer
Both B and C
328) When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as
Answer
term deposit
329) Which of the following is not a Public Sector Unit?
Answer
YES Bank
330) The interest on recurring deposit is paid on the basis of?
Answer
Quarterly compounding
331) Account payee crossing is an direction of the drawer to?
Answer
To collecting banker
332) Which one of the following rates is not decided by RBI
Answer
Prime Lending rate
333) Public Sector Banks Includes:
Answer
Q) Nationalized Banks + SBI + 5 SBI Associates + IDBI
334) Which among the following is correct about Brown Label ATMs:
Answer
Both of Above
335) NPCI stands for
Answer
National Payments Corporation of India
336) An Indian rupee denominated bond issued outside India is called
Answer
Masala bond
337) Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable property except for its own use for a period of not more property. The RBI may extend this period for a further period of
Answer
5 years
338) Regional rural banks are managed by
Answer
All of the above
339) Whenever somebody needs foreign currency against Indian Rupee, banks give equivalent amount of desired currency based on prevalent
Answer
exchange rate
340) Demand draft is a
Answer
negotiable instrument
341) For using safe deposit locker facilities, bank customers pay
Answer
Rent on locker
342) Currency Swap is an instrument to manage
Answer
cash flows in different currency
343) Capital adequacy is worked out based on?
Answer
Risk weighted assets
344) Many regional Rural Banks were given licenses to open branches in small cities and towns. These licenses were given by –
Answer
RBI
345) When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as:
Answer
Term Deposit
346) Which of the following bank has launched ‗mVisa – a mobile-based payments solution?
Answer
SBI
347) What is the full form of the name ‗ILO an agency of the United Nations?
Answer
International Labour Organization
348) In banking, CORE stands for
Answer
Centralized Online Real-Time Exchange
349) Capital Market Regulator is—
Answer
SEBI
350) On the current account balances maintained by the Regional Rural Banks with them, the commercial banks may
Answer
pay interest at such rates as may be mutually agreed to
351) Service Area Approach (SAA) is associated With?
Answer
Rural and Semi-urban branches of commercial banks
352) Which of the following is known as plastic money?
Answer
credit cards
353) After nationalisation of 14 commercial banks, the government of India had nationalised other 6 commercial banks, with deposits over and above Rupees 200 Crores, during
Answer
April, 1980
354) Bank of Rajasthan was merged with
Answer
ICICI
355) The banks are required to maintain certain ratio between their cash in hand and total assets. This is called
Answer
CRR
356) What do you understand by the term ‗Mortgage?
Answer
Making the security of immovable property available as a cover for a home loan by the borrower
357) What does AGM stand for?
Answer
Annual General Meeting
358) Inflation pressure on an economy essentially signifies
Answer
Only III
359) Whose signature does a one rupee note bear -
Answer
Finance Secretary
360) Which of the following is an investment strategy in which a fund invests in other types of funds?
Answer
Funds of Fund
361) In India, which among the following is/are a bapart of Legal Tender Money?
Answer
Both coins and currency notes
362) Banking loan against property requires the asset to be free from encumbrances. What does it mean?
Answer
The asset to be free from any liability
363) With a view to facilitate payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country
Answer
Nomination
364) Which of the following is correct:
Answer
All of Above
365) Which among the following is correct:
Answer
All of The Above
366) What is the full form of LERMS ?
Answer
Liberalised Exchange Rate Management System
367) Banks have different interest rates for different loan products. to which rate are they linked?
Answer
base rate
368) To enforce law and order Government of India has many agencies. SFIO is one of them. Expand it.
Answer
Serious Fraud Investigation Office
369) A promissory note that is not secured by any collateral or not secured by a mortgage or lien marked on any property is
Answer
Debenture
370) The term capitalisation of reserves‖ is used to denote?
Answer
the use of reserves for issuing bonus shares to the existing shareholders
371) The Reserve Bank of India (RBI) has decided to slash clearance time for NEFT in an attempt to enhance the efficiency of the electronic payment system and add to customer convenience. What is the meaning of E in NEFT?
Answer
Electronic
372) Cash Reserve Ratio (CRR) is to be maintained on Net Demand and Time Liabilities (NDTL). SLR is thus required to be maintained on
Answer
Net Demand and Time Liabilities
373) Masala bonds are Indian rupee denominated bonds issued in offshore capital markets. The RBI has reduced the minimum tenure of such bonds that an Indian company can, issue to
Answer
three years
374) The main business of banks is to accept deposits from the public. However, a bank can refuse to permit opening an account on behalf of
Answer
Undesirable persons
375) The RBI has authorized the Receivables Exchange of India (RXIL) to launch the countrys first trade receivables exchange platform for MEMEs buyers and financiers. The RXIL is promoted by
Answer
Both a) and b)
376) What is the minimum period of maturity prescribed for Commercial Paper (CP)?
Answer
07 days
377) RBI issue currency rupee notes on bases of
Answer
Only a and b
378) What are open market operations ?
Answer
Selling of gilt-edged securities by the government
379) Expand terms means IFRS
Answer
International Financial Reporting Standards
380) We understand your world‖ is the tagline of
Answer
HDFC Bank
381) Pawan Kumar Bajaj is the MD and CEO of
Answer
United Bank of India
382) Usha Ananthasubramanian is the present MD and CEO of Allahabad bank. Previously she work in which of the following banks?
Answer
Punjab National Bank
383) A very large loan extended by a group of small banks to a single borrower is known as
Answer
Syndicated loan
384) Which of the following bank headquarters not in New Delhi?
Answer
Bank of India
385) 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?
Answer
Educational loan
386) Where is the head quarter of world Health organization (WHO)?
Answer
Jineva
387) If a bank needs to attract Provident Fund Deposits, what are the criteria that banks must possess?
Answer
All the above
388) How many sub-categories are classified under Agriculture sector?
Answer
Three
389) Drawee in the bank cheque is
Answer
The banker
390) FCNR (banks) accounts are maintained in the form of
Answer
Term deposits (except recurring deposits)
391) Banking in India is controlled by:
Answer
Reserve Bank of India
392) Which of the following scheme is not meant for investment purposes?
Answer
Letter of credit
393) Which is Indias first and largest Asset Reconstruction Company?
Answer
ARCIL
394) Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) are terms most closely related to which of the following industries/ markets?
Answer
Banking industry
395) KYC Compliance is done to
Answer
To ensure the genuineness the person‟s identity as mentioned in the application and to verify the correctness of address
396) Aditya Birla Idea Payments Bank Ltd has become the seventh entity to receive a final license from the Reserve Bank of India (RBI) to set up a payments bank. Which among the following payment bank is Indias first payments bank that started its initial operation in Rajasthan?
Answer
Airtel Payments Bank
397) Which of the following can be used to check the authenticity of the Certificate?
Answer
Unique Identification Number
398) Name the countrys first small finance bank which started its operations recently?
Answer
Capital Local Area Bank
399) The Canada Pension Plan Investment Board (CPPIB) received the Reserve Bank of Indias approval to increase its stake beyond five per cent to 10 per cent in
Answer
Kotak Mahindra Bank
400) An unbanked customer can initiate IMPS transaction using the services of
Answer
PPI
401) The appointments of Banking Ombudsman will be carried out by which of the following?
Answer
RBI
402) In India, the bank which issued central currency is?
Answer
Reserve Bank of India
403) Which of the following is the most active segment of the money market in India?
Answer
Call Money/Notice Money Market
404) Bank rate implies the rate of interest-
Answer
At which the RBI discounts the Bill of Exchange
405) The national agency mandated to control, analyse and disseminate Suspicious Transaction Reports(STR), Cash Transaction Reports and counterfeit currency reports to various investigative agencies of the country after receiving it from banks and other financial intermediaries is
Answer
Financial Intelligence Unit(FIU)
406) Which is the biggest commercial bank in India?
Answer
SBI
407) The term HNI‖ used in banking parlance means
Answer
High Net-worth Individual
408) If the involvement of financial intermediary in aiding credit creation without regulatory oversight is Called:
Answer
Shadow banking
409) Loans of very small amounts given to low income groups is called
Answer
Micro credit
410) A customer is required to maintain adequate balances in his/her accounts in order to use his
Answer
Debit Card
411) Under which act does RBI issue directives to banks?
Answer
Banking Regulation Act, 1949
412) We Make You Feel Richer‖ is the tagline of
Answer
IndusInd Bank
413) Corporation Bank is a public sector banking company headquartered in
Answer
Mangalore
414) Through which of the following sources domestic funds are raised by companies?
Answer
IPO only
415) Which of the following is Annuity Service Provider?
Answer
Life Insurance Companies
416) Expand FIPB –
Answer
Foreign Investment Promotion Board
417) Which among the following committee constituted on Payment Banks license?
Answer
Dr. Nachiket Mor
418) Sub Prime lending is a term applied to the loans made to
Answer
Those borrows who do not have a good credit history
419) Cash kept in the currency chest is owned by?
Answer
Reserve Bank of India
420) A bond issued at a price less than its face value and payable on its due date at its face value bearing no ROI (Rate of Interest) is called
Answer
Zero Coupon Bond
421) Balance Sheet of a firm indicates which of the following?
Answer
Financial position of the unit as on a baparticular date.
422) Banking services delivered to a customer by means of a computer control system that does not directly involve banks branch is called?
Answer
Virtual banking
423) Which of the following is also known as multi-manager investment?
Answer
Funds of Fund
424) Which bank has become the first private sector bank to sell Indian gold coins?
Answer
Federal Bank
425) Which of the following authorities is not involved with FDI dealing?
Answer
Securities and Exchange board of India
426) Which of the following co-operative banks is considered as the first Co-operative Bank in India?
Answer
Anyonya Co-operative Bank
427) Which of the following is the slogan of CIBIL?
Answer
Empowering you
428) Foreign currencies are represented in various abbreviations. What is meant by USD ?
Answer
US Dollar
429) Which is the first Indian company to be listed in NASDAQ ?
Answer
Infosys
430) Monetary Policy of RBI Does not include
Answer
Reduction of taxes
431) The Deposit Insurance Credit Guarantee Scheme was formed on
Answer
22647
432) Which was the first bank to introduce credit card in India?
Answer
Central Bank of India
433) The Indian rupee is :
Answer
Standard-token coin
434) Which of the following is the retail banking product?
Answer
home loans
435) The Statutory Liquidity Ratio (SLR), the amount of liquid assets such as cash, precious metals and other short-term securities are kept with
Answer
Individual banks
436) Which of the following banks recently launched Mingle, a social media banking platform for Facebook and Twitter users?
Answer
SBI
437) What is the cost of credit expressed as a percentage on a yearly basis called?
Answer
APR
438) Liability- side of the balance-sheet comprises:
Answer
All of the above
439) Which of the following banks was inaugurated by Mahatma Gandhi in 1919?
Answer
Union Bank of India
440) The head office of the National bank for agriculture and rural development (NABARD) is located in?
Answer
Mumbai
441) Which among the following committees suggested the concept of Universal Banking‖ ?
Answer
SH Khan Committee
442) Which of the following will be the co-investor for India Aspiration Fund (IAF) and SIDBI Make In India Loan For Enterprises (SMILE),funds launched by SIDBI?
Answer
LIC
443) Now a bank can enter in the field of insurance sector. To enter in the field of insurance the minimum net worth of a bank should be
Answer
Rs 500 Crores
444) Providing Gas subsidy, government pensions, providing scholarships etc through banks called as
Answer
Social Banking
445) Which of the following is an example of cash less purchase?
Answer
All of the above
446) The term Insider Trading‖ is related to
Answer
Share market
447) The Asian Development Bank (ADB) is a regional development bank established in 1966. It is headquartered in
Answer
Metro Manila
448) Who will be appointed as Banking Ombudsman?
Answer
CGM or GM of RBI
449) Who can open various types of non-resident accounts?
Answer
all
450) Merchant banking in India is governed by:-
Answer
SEBI
451) To maintain price stability, while keeping in mind the objective of growth, RBI Act 1934 has been amended by the finance Act, 2016 to provide for a statutory and institutionalized framework for MPC. In this context, MPC stands for
Answer
Monetary Policy Committee
452) Leasing, hire purchase and bill discounting are the domain of
Answer
Non banking companies
453) In primary and secondary markets dealer of Government securities is known as?
Answer
Primary dealer
454) First state cooperative bank to have its own RuPay‖ ATM cum Debit Card is ?
Answer
HP
455) Fixed deposits are for the bank in general
Answer
Time liability
456) The government has allowed issue of Long- Term Bonds for Insurance Companies and others upto:
Answer
25 years
457) The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form
Answer
Imperial Bank of India
458) What does ‗I in IDBI stand for?
Answer
Industrial
459) How many Deputy Governors are there in RBI?
Answer
Four
460) PJ Naik committee is related to
Answer
Governance of bank boards
461) Credit cards are cards which are also known as
Answer
Plastic cards
462) Name of the bank which first time introduce the merchant banking in India is:
Answer
Grindlays Bank
463) Which of the following is correct about ATM:
Answer
All of the above
464) Which of the following is NOT required for opening a bank account?
Answer
Domicile Certificate
465) New Bank of India was merged with which bank?
Answer
PNB
466) Currency notes issued by RBI are fully covered by:
Answer
Gold
467) Gilt – edged securities can be used to maintain
Answer
SLR
468) The Headquarters of Capital Local Area Bank is situated in
Answer
Jalandhar, Punjab
469) The tax payers data flows directly from banks to Tax Information Network (TIN). Who maintains TIN?
Answer
National Securities Depository Ltd.
470) Which among the following is/are the different type(s) of category under priority sector?
Answer
All of the Above
471) Which of the following is not included in govt. securities?
Answer
Debentures
472) The maximum Statutory Liquidity Ratio to be maintained by banks is
Answer
0.4
473) A demand draft issued by one bank branch on another branch is legally—
Answer
Promissory note
474) An Asset Management Company is promoted for which of the following purposes?
Answer
To manage the funds of a mutual fund
475) Headquarters of Canara Bank located in
Answer
Bangalore
476) Which of the following measures will have positive impact on Inflation? (Reduction in unnecessary expenditure of Government (
Answer
All of the above
477) Euro money is the official currency of -
Answer
European Union
478) Balance in a current account is classified as
Answer
Demand Deposit
479) Who is the present Managing Director (MD) & Chief Executive Officer (CEO) of National Housing Bank (NHB)?
Answer
Sriram Kalyanaraman
480) Expand NPA
Answer
Non Performing Asset (An asset which ceases to generate income)
481) FINO stands for
Answer
Financial Inclusion Network and Operations
482) “Crossing‖ applies to:
Answer
Cheques
483) All coins that are minted in Noida have
Answer
Dot
484) ASBA (Application Supported by Blocked Amounts) used with the help of banks associated with
Answer
Capital Market
485) The Centre will over the next four years infuse how many crore rupees into the state-owned banks ?
Answer
Rs. 70,000 crore
486) Base Rate is the rate below which no Bank can allow their lending to anyone. Who will fix this ‗Base Rate for Banks?
Answer
Individuals Banks Board
487) INDIAs Central Bank is slogan of:
Answer
Reserve Bank of India
488) Which Bank has launched IT Innovation Start-up Fund to support start-ups in the financial technology (finetech) space?
Answer
State Bank of India
489) Which of the following is a pension scheme focused on the workers in the unorganiaed sector?
Answer
APY
490) You might have heard of a bank run. What does it mean?
Answer
When people rush to withdraw funds from their bank accounts
491) By adopting Cheque Truncation System, the banks in India would be required to print security logo on the face of the cheque leaves as
Answer
CTS 2010
492) ESAF Small Finance Bank has launched a social deposit scheme called Hrudaya Deposit scheme recently. Where is headquarter of ESAF Small Finance Bank?
Answer
Thrissur, Kerala
493) In India, currency notes are issued by?
Answer
Reserve Bank of India
494) Industrial Finance Corporation of India, is an Indian government owned
Answer
Development Bank
495) Who amongst the following Padma Bhushan Awardees is a famous banker ?
Answer
Ms. Chanda Kochhar
496) Which was the first Indian Bank to introduce credit card?
Answer
Central Bank of India
497) CRR refers to the share of
Answer
Liquid cash
498) Group of people such as workers who pool their money together for savings and to make loan is called a/an
Answer
Credit Union
499) Which of the following is the first Bank who provide the interest banking facility first?
Answer
ICICI Bank
500) National Institute of Bank Management is the institute meant for
Answer
All those given as options