1001) Which of the following is NOT a Nationalized Bank in India?
Answer
Yes Bank
1002) Which of the following is the full form of the term SLR as used in the banking sector?
Answer
Statutory Liquidity Ratio
1003) Regulatory Authority for Regional Rural Bank is of
Answer
RBI and NABARD
1004) A commercial bank law creates credit only if it has
Answer
Cash in the vault
1005) NSSO headed by a Director General is responsible for conduct of large scale sample surveys in diverse fields on All India basis. NSSO stands for-
Answer
National Sample Survey Office
1006) What is CTS
Answer
Cheque Truncation System
1007) Every Banking company is required to use the word Bank in its name and no company other than a Banking company can use the words Bank, Banker or Banking as a bapart of its name as per:
Answer
Section 7 of Banking Regulation Act
1008) Who is the Chairman of the committee constituted by RBI to study issues and concerns in the Micro Finance Institutions (MFI) Sector?
Answer
YH Malegam
1009) United Bank of India Limited was formed in 1950 with the amalgamation of:
Answer
All of The Above
1010) From time – to – time, which among the following body publishes the exchange control Manual‖ in context with the foreign exchange in India?
Answer
reserve bank of India
1011) Name the 5 cities where RBI issued plastic notes ?
Answer
Kochi,Mysore,Jaipur,Bhubhaneswar and Shimla
1012) In the field of banking, what does ADF stand for?
Answer
Automated Data Flow
1013) Which bank has installed worlds first ATM
Answer
Barclays
1014) Interest payable on savings bank accounts is-
Answer
decided by banks following the guidelines of RBI
1015) When a cheque is drawn on a bank, the bank is called the
Answer
Payee
1016) If credit facility applied for is rejected, the reasons therefore should be briefly mentioned in the-
Answer
Loan Applications Received and Disposal Register
1017) Banks are increasingly selling Insurance products mainly due to
Answer
It helps increase commission income of a bank
1018) Crossing denotes
Answer
a direction to the paying bank to make payment of the cheque through a bank
1019) With whom does the ownership of Public sector banks rest?
Answer
Jointly with Government of India and share- holders from the public
1020) Banking Regulation Act, 1949, does not at all apply to
Answer
Primary agricultural credit societies and cooperative land mortgage banks
1021) A financial contract that derives its value from another asset or an index of asset values in known as
Answer
Derivative
1022) Who is the MD and CEO of Vijaya Bank?
Answer
Kishore Kumar Sansi
1023) Which one of the following does not quality as priority sector lending by Commercial Banks?
Answer
Software Exports
1024) The term SMART MONEY refers to:
Answer
Credit Cards
1025) What does cheap rate imply?
Answer
Interest rate are very low
1026) In National Pension System(NPS), PRA Stands for?
Answer
Personal Retirement Account
1027) Which of the following has most of the bank branches?
Answer
State Bank of India
1028) What is the USP‖ in a Savings Bank account of a Bank over another Bank?
Answer
Higher rate of interest
1029) Which of the following bank had its old name as ‗Devkaran Nanji Banking Company Limited?
Answer
Dena Bank
1030) Under which category will you classify Regional Rural Bank?
Answer
Scheduled Commercial Banks
1031) In India, Micro finance development and Equity fund is maintained by-
Answer
None of these
1032) Bitcoin is a
Answer
Payment system
1033) When banks are undertaking the business of bancassurance, they attract supervision of
Answer
IRDAVI
1034) Which of the following is an easy way of providing credit to the farmer community?
Answer
Kisan credit card
1035) Which was the second bank in India with limited liability?
Answer
Punjab National Bank
1036) Group of people such as workers who pool their money together for savings and to make loan is called a/an
Answer
Credit Union
1037) According to RBI Regulations, which of the following are allowed to set up small finance banks?
Answer
All of the Above
1038) National stock exchange is located -
Answer
Mumbai
1039) NOSTRO Account is a
Answer
Any Indian bank maintaining account with a bank abroad
1040) Which state owned bank has become the top mobiliser under Gold Monetization Scheme, launched by Modi government?
Answer
Punjab National Bank
1041) Which is not an Associate Bank of SBI?
Answer
State Bank of Rajasthan
1042) Which public sector bank of India is the first fully Indian bank, established by the Indian national?
Answer
Punjab National Bank
1043) Budget is an instrument of
Answer
Fiscal policy of the government
1044) The E-Commerce website Alibaba‖ is the company of which country?
Answer
China
1045) Central Bank ofa county is also known as the -
Answer
Banker of banks
1046) Tarapore Committee submitted its report on Full Convertibility on Rupee in-
Answer
Capital Account
1047) Which is the largest bank in the world?
Answer
Industrial & Commercial Bank of China
1048) In which city the Bank of International Settlements (BIS) located?
Answer
Basel
1049) SEBI is a
Answer
Statutory body
1050) Which of the following is a non-depository institution?
Answer
Mutual Funds
1051) Which of the following banks was inaugurated by Mahatma Gandhi in 1919?
Answer
Union Bank of India
1052) Expand FIPP –
Answer
Foreign Investment Promotion Board
1053) The nationalisation of 14 Indian commercial banks, with deposits over and above Rupees 50 Crores, was undertaken by government of India, on
Answer
19th July, 1969
1054) Where is the head quarter of International monetary fund (IMF)?
Answer
Washington DC
1055) Who headed the committee on Credit Information Reports (CIRs)?
Answer
Aditya Puri
1056) Banking Ombudsman Scheme is applicable to the business of
Answer
All scheduled commercial banks including RRBs
1057) SEBI is related to
Answer
Share Market
1058) Consider these statements:- Statement I – One rupee note is the liability of GOI. Statement II – Two rupee note is the liability of RBI.
Answer
Both statements are true.
1059) Which of the following is NOT a bapart of Indias Money Market?
Answer
Indian Gold Council
1060) CICs are permitted to invest Liquid Fund Schemes (Mutual Funds) with maturity of less than
Answer
91
1061) The initial public offer is connected to which among the following:
Answer
Primary market
1062) Whose signature is found on a 50 rupee currency note in India?
Answer
Governor, RBI
1063) From which of the following financial organizations of the world, India had taken soft loan for recapitalization of banks?
Answer
World Bank
1064) from the following in which bank no person can open his account?
Answer
RBI
1065) Banking with personal touch‖ is the tagline of
Answer
Laxmi Vilas Bank
1066) Which of the following is the first commercial bank ?
Answer
Oudh Commercial Bank a
1067) Which country issued first purely plastic note ?
Answer
Australia
1068) Which bank has launched travel card for students joinnig abrod?
Answer
ICICI
1069) Working capital requirement depends upon
Answer
All the above
1070) Which of the following is not the name of a bank, functioning in India ?
Answer
Aegon Religare
1071) Banks are required to monitor transactions of suspicious nature for reporting to the authorities under anti- money laundering measures. The purpose of reporting is:
Answer
All the above
1072) Indias first post office savings bank ATM facility has been recently inaugurated in which of the following places?
Answer
Chennai
1073) By crossing we mean :-
Answer
two transverse parallel lines on a cheque
1074) The Bank for International Settlements (BIS) which provides the Banking supervision accords is located in which country
Answer
Switzerland
1075) If one is not satisfied with the decision passed by the Banking Ombudsman, one can approach the appellate authority to
Answer
Deputy Governor of the RBI
1076) Support all the way‖ is the tagline of
Answer
Catholic Syrian Bank
1077) Urjit Patel recently (September 2016) assumed charge as the Governor of Reserve Bank of India. He is the
Answer
24th
1078) Debapartment of Economic Affairs is bapart of which of the following Ministries?
Answer
Ministry of Finance
1079) National Securities Depository Limited(NSDL) is promoted by?
Answer
All of these
1080) Yogakshemam Vahamyaha Slogan of
Answer
LIC
1081) Magnetic Ink Character Recognition (MICR) is a 9 digits code is used mainly by the banking industry to ease the processing and clearance of cheques and other documents. The first three digits represent the
Answer
City
1082) In a prepaid card the maximum value to be stored is?
Answer
50000
1083) Pick the odd one out from the following about Bharat Bill Payment System BBPS).
Answer
None of these
1084) The headquarters of Investment Information & Credit Rating Agency(ICRA) Limited is located in
Answer
Gurugram
1085) Ravindra Prabhakar Marathe is the MD and CEO of
Answer
Bank of Maharashtra
1086) Which of the following forms of securing a loan is the safest one?
Answer
Pledge
1087) ‗Global Market means market of
Answer
All major countries and their alliances
1088) Flipkart-owned mobile payments startup PhonePe has launched unified payments interface (UPI) based, payments app for which it has bapartnered with
Answer
Yes Bank
1089) Which bank opened a Lockless branch at Maharashtra to respecting the local customs:
Answer
UCO Bank
1090) When it comes to organized sector, which among the following is not true?
Answer
money lenders
1091) Where are the headquarters of EFTA located?
Answer
Brussels
1092) What is Repo Rate?
Answer
It is a rate at which RBI buys government securities from banks
1093) In banking services, which are the major characteristics affecting the channel selection
Answer
All of the above
1094) If the rate of inflation increases then the-
Answer
purchasing power of money decreases.
1095) Ashok Kumar Pradhan, chief General Manager at state bank of Bihar & Jaipur, has been appointed as executive Director at
Answer
United Bank of India
1096) SARFAESI Act 2002 related to
Answer
Recovery of bad loans
1097) Which of the following is not related to bill of exchange?
Answer
Endorser
1098) Which of the following is not a function of General Insurance?
Answer
Medical Insurance
1099) In which country, the Unit Banking System originated?
Answer
United States
1100) What is the full form of SEPA?
Answer
Single Euro Payments Area
1101) What is meant by a stale cheque?
Answer
A cheque which is lost or stolen
1102) If a bank is not able to recover its loan and advances it is called
Answer
Market Risk
1103) NCAER is located in
Answer
New Delhi
1104) An account which is maintained by depositing undistributed baparts of profit for future needs is known as
Answer
Reserve Account
1105) Interest on savings bank account is now calculated by banks on?
Answer
Daily product basis
1106) Who was the first Indian Governor of RBI?
Answer
CD Deshmukh
1107) Role of merchant bankers——–?
Answer
All of these
1108) Which of the following conditions are required to be fulfilled by a Regional Rural Bank to be eligible for opening of new branches ?
Answer
All of the above
1109) If a company, which is not a non - banking financial company wants to collect public deposits, it is governed by
Answer
Companies Act 1956
1110) What does FSDC stand for?
Answer
Financial Stability and Development Council
1111) One rupee notes and coins are issued by
Answer
Finance Minister of Central government of India
1112) As per the provision of the Coinage Act, 2011, coins of any denomination not lower than one rupee shall be legal tender for
Answer
Any sum
1113) Systematic investment Plans relates to:
Answer
Mutual Funds
1114) Bureau of Indian Standards (BIS) has its headquarters in
Answer
New Delhi
1115) In which of the following cities, The Head Office of FICCI is located?
Answer
New Delhi
1116) Which of the following is not a member of the World Bank Group?
Answer
Bank of International Settlement
1117) On the current account balances maintained by the Regional Rural Banks with them, the commercial banks may
Answer
Pay interest at such rate as may be mutually agreed to
1118) With reference to a cheque which of the following is the drawee bank‖?
Answer
The bank upon which the cheque is drawn
1119) Capital market can be divided into:-
Answer
both 1 and 2
1120) Which of the following bank headquarters located in Bangalore?
Answer
Vijaya Bank
1121) Banks do not provide which of the following services?
Answer
Sale of post cards and postal stamps
1122) Which of the following is the Banker of the Banks?
Answer
RBI
1123) Which is the first Public Sector Bank to issue capital to public?
Answer
Oriental Bank of Commerce
1124) How many baparties primarily involved in a Promissory Note?
Answer
Two
1125) Where is National Institute of Bank Management (NIBM) located?
Answer
Pune
1126) Presently which Indian bank has the largest number of foreign branches?
Answer
Bank of Baroda
1127) To restrict expansion of credit, the Reserve Bank
Answer
raises the bank rate
1128) According to the ASSOCHAM reports, which among the following states has topped in the country in terms of growth in the industry and service sectors in the last ten years?
Answer
Uttrakhand
1129) Which among the following sectors contributes most to the saving in India?
Answer
Household sector
1130) 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
1131) Who is the major shareholder in NABARD?
Answer
Central Government
1132) Which of the following terms is used in banking field?
Answer
Interest Rate Swap
1133) Which card is a new card payment scheme launched by NPCI?
Answer
RuPay
1134) Which amongst the following organizations make major credit policies for the RRBs?
Answer
NABARD
1135) Which of the following interest rates signifies RBIs long term stance of monetary policy?
Answer
Bank Rate
1136) Which of the following will be the authorised operational units?
Answer
BBPOU
1137) FEMA 1999 stands for
Answer
Foreign Exchange Management Act 1999
1138) Expand the term FRBM
Answer
Fiscal Responsibility and Budget Management
1139) Which of the following organizations/ agencies has sought an emergency fund of Rs.1000 crore from banks to tackle acute liquidity crisis, which is coming in the way to give loans to micro borrowers?
Answer
NABARD
1140) To control inflationary situation in the economy, RBI can increase one or more of these monetary tool?
Answer
Crr-Slr-Bank Rate
1141) The sheet of record which contains all monetary transaction between an country and the rest of the world is called –
Answer
Balance of Payment
1142) Capital Market Regulator is—
Answer
SEBI
1143) ‗Swabhiman, the financial inclusion scheme, comes under the purview of which ministry?
Answer
Ministry of Finance
1144) Which of the following terms is used in the field of finance and banking?
Answer
Adjustment Credit
1145) Which of the following groups suffer the most from inflation
Answer
Creditors
1146) 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
1147) Mobile banking is set to get a boost from IMPS, which stands for----------------
Answer
Inter-Bank Mobile Payment Service
1148) Normally Banks accepts Fixed Deposits for a maximum period of
Answer
10 years
1149) Educational for All Development Index is released by -
Answer
UNO
1150) What is meant by a Scheduled Bank ?
Answer
A Bank included in 2nd schedule of RBI Act 1934
1151) FDI refers to—
Answer
Foreign Direct Investment
1152) Slogan of Corporation Bank
Answer
A Primer Public Sector Bank
1153) Which of the following terms is used in banking field?
Answer
Interest rate swap
1154) Which of the following is one of the main functions of the Reserve Bank of India?
Answer
Bankers Bank
1155) The Rate at which the domestic currency can be converted into foreign currency and viceversa is known as the
Answer
Exchange rate
1156) Who has been appointed the interim Managing Director and CEO of India Post Payments Bank (IPPB)?
Answer
A P Singh
1157) What is Reserve Money (RM)?
Answer
Total of the above three options
1158) In which among the following years NPCI (National Payments Corporation of India)was incorporated-
Answer
44538
1159) Which of the following is not a banking term?
Answer
Entry load
1160) Khandelwal Committee relates to study of ………….. issue in Public Sector Banks?
Answer
Human Resources
1161) If a bank is unable to refund the short term deposits as funds are locked in long term loans, it involves?
Answer
Liquidity Risk
1162) National stock exchange is located -
Answer
Mumbai
1163) Which of the following pairs is not correctly matched?
Answer
IDBI … World bank
1164) When Reserve Bank intends to increase credit by the banking system, it
Answer
Reduces the bank rate
1165) NBFC stands for :
Answer
None of these
1166) 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
1167) Savings bank accounts are generally opened by
Answer
individuals
1168) The short term loans given to the farmers are the loans given normally for a period of
Answer
one year
1169) Which of the following is not classified as a Commercial Bank?
Answer
Urban Cooperative Bank
1170) Hundi is a
Answer
Bill of exchange
1171) If the RBI increase reverse repo rate, consequently
Answer
Banks will have less money to lend
1172) The term plastic money applies to
Answer
Credit cards mainly issued by the banks
1173) The Reserve Bank of India (RBI) follows the
Answer
July to June
1174) Money lent for more than one day but less than 15 days in the money market is known as
Answer
Notice Money
1175) The usual deposit accounts of banks are?
Answer
Current accounts, savings bank accounts and term deposit accounts.
1176) Reserve Bank of India is?
Answer
Central bank
1177) Distribution of insurance products and insurance policies by banks as corporate agents is known as
Answer
Bancassurance
1178) As per the Banking Ombudsman Scheme, any person can file a complaint before the Banking Ombudsman, if the satisfied reply is not received from the bank within a period of
Answer
1 month
1179) Which of the following statement is/are not correct?
Answer
Banks cannot accept interest-free deposits for current accounts
1180) Currency notes deposited in the currency chest are the property of
Answer
RBI
1181) Which is the first Indian company to be listed in NASDAQ ?
Answer
Infosys
1182) The Definition of ‗Banking is given in
Answer
The Banking Regulation Act, 1949
1183) A savings as well as current account should be treated as inoperative / inactive if there are no transactions in the account for over a period of
Answer
2
1184) Inflation refers to a fall in the value of money. Which of the following is the key measure of inflation in india?
Answer
Wholesale price index
1185) ICICI bank launched internet banking operations in
Answer
1998
1186) For which of the following bank account there is no deduction of TDS?
Answer
Both A & B
1187) Which of the following is the best option to park money for a long period of time to earn a high rate of interest?
Answer
Deposit account
1188) National Insurance Academy located in
Answer
Pune
1189) Whenever RBI does some Open Market Operation Transaction, actually it wishes to regulate which of the following?
Answer
liquidity in economy
1190) The tertiary sector of economy is called as:
Answer
Service Industry
1191) Banks which are included in the second schedule of the Reserve Bank of India Act, 1934 are called as ?
Answer
Scheduled Banks
1192) Cash reserve ratio is the
Answer
Mandatory
1193) The availability of cash and other cash like marketable instruments that are useful in purchases and investments are commonly known as :
Answer
Liquidity
1194) A non •performing asset (NPA) is a loan or an advance where, interest and/or installment of principal remain overdue for a period of more than
Answer
90 days
1195) The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form-
Answer
Imperial Bank of India
1196) Consider these statements:- Statement I – RBI decides volume and value of banknotes to be printed. Statement II – RBI decides volume and value of coins to be minted.
Answer
Statement I is true, but statement II is false.
1197) The inflation led by rising food prices caused by increased demand for agricultural commodities is called –
Answer
Agflation
1198) Which of the following is an economic term?
Answer
Deflation
1199) Who all can hire a locker in a bank?
Answer
All the above
1200) Mutual Fund Scheme that operates continuously without any limit entry for subscriptions and redemptions is:
Answer
Open Ended
1201) Ten-rupee notes contain the signature of
Answer
Governor, Reserve Bank of India
1202) Which of the following banks has opened the countrys first Cash Factory‖ in Lucknow which will issue currency notes to all its branches and ATM in the area?
Answer
State Bank of India
1203) The regional Rural Banks are sponsored by
Answer
Any Scheduled Commercial bank
1204) In second phase of nationalization, how many banks were nationalized?
Answer
6
1205) In which circumstance Dear money policy will be adopted by Reserve Bank of India?
Answer
Inflation
1206) When was the Small Industrial Development Bank of India established?
Answer
32965
1207) Bank rate means
Answer
The standard rate at which the RBI is prepared to buy or to rediscount eligible bills of exchange or other commercial papers of commercial banks
1208) Many times we read in financial newspapers/magazines about Systematic Investment Plans (SIPs). SIPs are an investment option also operated in the mode of
Answer
Mutual Funds
1209) Forfaiter is
Answer
an intermediary between an exporter and importer
1210) Which of the following is known as the concept of a standard contract to buy or sell a specified commodity at a certain date in future and at a market driven price?
Answer
Futures Contract
1211) Who is the president of FICCI?
Answer
Harshavardhan Neotia
1212) At which rate the RBI lends money to a public sector bank on a long term basis?
Answer
Bank Rate
1213) The minimum rate of Interest charged by a Bank from Customers on the loans is?
Answer
Base Rate
1214) Which bank recently introduced the Software Robotics for power banking operations?
Answer
ICICI Bank
1215) A cheque that is not crossed on the left corner and payable at the counter of the drawee bank on presentation of the cheque, is called
Answer
Open cheque
1216) Which of the following types of ATMs eliminates the need for PIN early and authenticated customer transactions by thumb impressions.
Answer
Biometric ATMs
1217) All regional rural banks (RRBs) are required to maintain their entire statutory liquidity ratio (SLR) in
Answer
government and other approved securities
1218) What is the full form of NBFC as used in the financial sector?
Answer
None of these
1219) The one-rupee note bears the signature of
Answer
Finance Secretary
1220) Loan for fish rearing is covered under Priority sector as
Answer
Direct Agriculture
1221) Section 80E of the Income Tax Act provides for deduction of interest paid on Education or study loan taken for higher education. Deduction under section 80E is available for
Answer
8 years
1222) The govt. of India replaced the FERA by…
Answer
FEMA
1223) A money deposited in a bank that cannot be withdrawn for a preset fixed period of time is known as:
Answer
Term Deposit
1224) 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
1225) CRISIL has been promoted by
Answer
ICICI, UTI
1226) Which bank had the highest concentrations of operations overseas in 2010?
Answer
Bank of Baroda
1227) The termination of an insurance policy due to non-payment of premium is technically known as:
Answer
Forfeiture
1228) In the term called as AMFI, what do you mean by M‖?
Answer
Mutual
1229) How many banks are presently associated of State Bank of India?
Answer
Five
1230) The Concept of ‗Universal Banking was implemented in India on the recommendations of:
Answer
R H Khan Committee
1231) Which of the following is a financial ratio that gives a measure of a companys ability to meet its financial losses?
Answer
Leverage Ratio
1232) Financial instruments provided short term and they include
Answer
All the above
1233) One single statement that depicts the financial position of a Bank and / or Business enterprise at a given point of time is called:
Answer
Balance Sheet
1234) In India, forex rates are determined by
Answer
Demand and supply forces
1235) Banking sector comes under which sector?
Answer
Services sector
1236) Telebanking service is based on
Answer
Voice Banking
1237) Demand deposits mean
Answer
Deposits withdrawable on demand by the depositor
1238) Which bank has recently started Tab Banking‖ service?
Answer
SBI
1239) ‗MAT is an acronym which stands for-
Answer
Minimum Alternate Tax
1240) Deposits under NRE/FCNB accounts are linked to-
Answer
LIBOR
1241) The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form
Answer
Imperial Bank of India
1242) Which sister organization of the World Bank provides long term loans at zero interest to the poorest developing countries?
Answer
International Developmental Association
1243) Money deposited at a bank that cannot be withdrawn for at fixed period of time is known as a
Answer
Term deposit
1244) The State Co-Operative Bank, being the Apex Bank at the State level_
Answer
All of the Above
1245) Per capita income is obtained by dividing national income by
Answer
Total population of the country
1246) Which among the following sectors contributes most to the saving in India?
Answer
Household sector
1247) Which of the following is necessary while opening deposit accounts in banks?
Answer
Nomination
1248) Where is the headquarter of Federal Bank?
Answer
Kochi
1249) The first company to get RBIs permission to open White Label ATMs is:
Answer
Tata Communications Payment Solutions Limited (TCPSL)
1250) World investment report is published by?
Answer
UNCTAD
1251) Apna Sahakari Bank Ltd is located at?
Answer
Mumbai, Maharashtra
1252) Who issues treasury bills?
Answer
Reserve Bank of India, as the agent of the Central Government
1253) Which bank became the first bank to open its branch in china?
Answer
SBI
1254) RBS Bank has been headquartered in
Answer
Edinburgh, United Kingdom
1255) What does RTGS enable?
Answer
Immediate transfer of money from customer of one bank to customer of another bank
1256) Which of following is NOT a function of the Reserve Bank of India?
Answer
Fiscal Policy Functions
1257) NEFT means?
Answer
National Electronic Funds Transfer
1258) The Bank shall have to state their lending policies. These would include
Answer
All the above
1259) The tag line ‗A friend you can bank on is of which bank?
Answer
Vijaya Bank
1260) IDBI Bank has reduced interest rates, ranging from 50 to 75 basis points, on retail term deposits (RTD) with effect from April 5, 2017. Where is headquarter of IDBI Bank?
Answer
Mumbai
1261) Central co-operative banks
Answer
all of the above
1262) Which of the following is correct statement in respect of debit cards :-
Answer
1 and 2
1263) Currency Swap‖ is an instrument to manage
Answer
Cash Flows in different currencies
1264) National bank is a subsidiary of which of the following banks?
Answer
Bank of Baroda
1265) Expand IFSC
Answer
Indian Financial System Code
1266) Which of the following negotiable instruments can be crossed to the banks?
Answer
Bills of Exchange
1267) Who is the MD and CEO of Allahabad Bank?
Answer
Usha Ananthasubramanian
1268) The full form of BBPS is
Answer
Bharat Bill Payment System
1269) The safest form of Crossed Cheque is
Answer
Account payee crossing
1270) Urban cooperative banks are controlled by
Answer
NABARD – RBI
1271) What is the condition for a bank to be called a Scheduled Bank ?
Answer
Its branch network should be over 100
1272) With reference to a cheque which of the following is the ‗drawee bank?
Answer
The bank of the Drawer of the Cheque
1273) In which years RBI and SBI are nationalized respectively?
Answer
1949, 1955
1274) Smart Money is a term used for
Answer
Credit Card
1275) The debit card holder can perform which of the following functions ?
Answer
All of the above
1276) National Income of India is estimated by?
Answer
Central Statistical Organization
1277) Which of the following is NOT a bapart of Indias Money Market?
Answer
Indian Gold Council
1278) Under which category will you classify Regional Rural Banks ?
Answer
Scheduled Commercial Banks
1279) Which among the following does not decided the RBI?
Answer
Base Rate
1280) Currency Swap is an instrument to manage
Answer
cash flows in different currency
1281) For which of the following, the Reserve Bank of India has stipulated the maximum capital adequacy requirement?
Answer
Local Area Banks
1282) Who is known as the ‗Father of Economics?
Answer
Adam Smith
1283) Which of the following organizations provides Buffer Stock Financing Facility?
Answer
International Monetary Fund
1284) How many types of PSLCs can be issued by the Banks?
Answer
Four
1285) The tax on import and export is known as
Answer
custom duty
1286) Which of the following is Annuity Service Provider?
Answer
Life Insurance Companies
1287) In banking terminology bad loans refer to ---- --------------.
Answer
Non performing assets
1288) Travellers Cheque is
Answer
A prepaid instrument issued by a bank or financial institutions which can be substitute of cash
1289) National Housing Bank (NHB), a wholly owned subsidiary of
Answer
RBI
1290) Which among the following is a qualitative tool of monetary policy?
Answer
Credit rationing
1291) When RBI sells government securities its meaning is?
Answer
Liquidity gets diminished
1292) In the term STRIPS, the first letter ‗S denotes
Answer
Separate
1293) What does EXIM Bank stand for?
Answer
Export Import Bank of India
1294) Who is the first women Deputy Governor of Reserve Bank of India?
Answer
K.J. Udeshi
1295) The rate at which banks borrows from the RBI is called?
Answer
Repo Rate
1296) What is the money, which was accepted temporary in lieu of gold?
Answer
Fiat Money
1297) Which is the authority in India for effecting changes in the cash reserve ratio and statutory liquidity ratio?
Answer
RBI
1298) Foreign Direct Investment limit in private sector banks is?
Answer
74 percent
1299) Who covered the Export Credit Packing Advance sanctioned to SSI exporters under the credit guarantee scheme?
Answer
ECGC
1300) Which are the following rates are decided by the RBI is called Policy Rate?
Answer
Cash reserve ratio.
1301) Disha Microfin and
Answer
Future Financial Services
1302) C V R Rajendran is the MD and CEO of which private sector bank?
Answer
Catholic Syrian Bank
1303) NCAER is located in
Answer
New Delhi
1304) Which among the following is correct?
Answer
Ways and means advances given by RBI
1305) If you buy a financial instrument in one market in order to sell the same instrument in another market at higher price, it will be called as
Answer
Arbitrage
1306) Which private sector bank is recently merged with Kotak Mahindra Bank (KMB)?
Answer
ING Vysya Bank
1307) Which of the following has become the first bank in India to connect with Earthports global payments network, which spans over 60 countries?
Answer
Axis Bank
1308) Who is the president of FICCI?
Answer
Pankaj R.Patel
1309) The BASE III banking rules is a global, voluntary regulatory framework on bank capital adequacy, stress testing and marketing liquidity risk. It will fully kick in by
Answer
44274
1310) Which of the following is necessary while opening deposit accounts in banks?
Answer
Nomination
1311) One of the State Government avails of a temporary financial assistance from Reserve Bank of India. This type of finance is called
Answer
Ways and Means advance
1312) Which of the following is not the name of a bank, functioning in India ?
Answer
Aegon Religare
1313) Social control over the banks in India was imposed on
Answer
19th July, 1969
1314) Vostro Account means ——
Answer
An account maintained by foreign bank in India in Indian Rupees
1315) To make KCC a Smart Card cum Debit Card, Government of India had constituted a Working Group under the Chairmanship of
Answer
T.M. Bhasin
1316) Which of the following is NOT the bapart of the organized sector in Indian Money Market?
Answer
Chit funds
1317) In the term STRIPS, the first letter S‟ denotes
Answer
Separate
1318) Which of the following is NOT a bapart of Indias Money Market?
Answer
Indian Gold Council
1319) Where is the head office of Bank for International Settlements (BIS)?
Answer
Basel, Switzerland
1320) With effect from 1st July 2010, interest rates of Banks are linked to which of the following?
Answer
Base Rate
1321) Which of the following depicts the financial position of a bank or business enterprise at a given point of time?
Answer
Balance sheet
1322) Acceptance of deposits by non - banking financial companies is regulated by RBI under:
Answer
Non - banking financial companies acceptance of public deposits (Revenue Bank) directions 1998
1323) One of the State Government avails of a temporary financial assistance from Reserve Bank of India. This type of finance is called
Answer
Ways and Means advance
1324) According to a news, the State Bank of India was being put in Hall of Shame‖ list along with some other banks. The reason for this was
Answer
for financing a US cluster bomb manufacturer
1325) When it comes to money market instruments, which among the following is not true?
Answer
Corporate securities
1326) When did the nationalisation of major banks happen?
Answer
July, 1969
1327) What does N in NASSCOM stands for?
Answer
National
1328) Banks recover term loan from the baparties in EMIs. What the letter ‗E represents in the term?
Answer
Equated
1329) When a cheque is drawn on a bank, the bank is called the
Answer
Payee
1330) What is the objective of introduction of ‗Marginal Standing Facility by RBI?
Answer
To contain volatility in the overnight inter-bank rates
1331) In the term STRIPS, the S denotes
Answer
Separate
1332) A Credit Guarantee Trust Fund has been set up for guaranteeing Collateral Free Facilities by lending institutions to Small Scale Industries. This fund is being managed by which of the following institutions?
Answer
SIDBI
1333) Bill of Exchange, Promissory Notes and Cheques are defined as
Answer
Negotiable Instruments
1334) The nature of convertibility of the Indian Economy is
Answer
Convertibility at current account
1335) When it comes to retail deposit products, which among the following is irrelevant?
Answer
Depository services
1336) Bank rate policy, open market operations, variable reserve requirements and statutory liquidity requirements employed by Reserve Bank as measures of credit control viz.
Answer
quantitative methods
1337) The financial assistance of loans of Rs.10000 by bank to a small borrower will be called
Answer
KYC finance
1338) What is the minimum amount required to open a Fixed Deposit (FD)?
Answer
Rs. 1000
1339) Which among the following years, the BFS was constituted?
Answer
34639
1340) The bank rate is the rate at which
Answer
The RBI gives to the commercial banks
1341) Which of the following scheme was formulated by RBI?
Answer
Banking Ombudsman Scheme
1342) Banking for all‖ is the tagline of which Bank?
Answer
IDBI Bank
1343) Debapartment of Posts has joined hands with State Bank of India to promote SBI buddy e-wallet and POS machines for cashless transactions at post office counters while booking speed post and registered post items. What is the meaning of S in POS?
Answer
Sale
1344) The headquarters of Pension Fund Regulatory and Development Authority (PFRDA) is?
Answer
New Delhi
1345) In banking the term DTL refers to;
Answer
Demand and time liabilities.
1346) What does ‗S stand for in the abbreviation ‗MSF?
Answer
Standing
1347) Under which of the following methods of depreciation, amount of depreciation varies every year?
Answer
Written Down Value Method
1348) Which bank has deployed humanoid/mobile robot named IRA (Intelligent Robotic Assistant) in one of its branch to help branch staff in servicing customers?
Answer
HDFC Bank
1349) Caixa Bank has been headquartered in
Answer
Spain
1350) Which of the following terms is used in the field of banking and finance?
Answer
Investment
1351) To control inflationary situation in the economy, RBI can increase one or more of these monetary tools:
Answer
CRR-SLR-BANK Rate
1352) Slogan of IDBI Bank is
Answer
Banking for All; Aao Sochein Bada
1353) In which of the following market does devaluation of currency happen?
Answer
Fixed exchange rate
1354) Blending Modernity with Tradition‖ is the slogan of
Answer
State Bank of Patiala
1355) Balance in a current account is classified as –
Answer
Demand deposit
1356) FII Stands for
Answer
Foreign Institutional Investor
1357) Which of the following organizations issue the rules of global trade?
Answer
World Trade Organization
1358) Who are the major players in the call money markets?
Answer
All of the above
1359) Paid-up share capital of Regional Rural Bank is contributed by
Answer
Central Government, State Government and the sponsor commercial bank in the ratio of 50: 15 :35 respectively
1360) The maximum amount of the total Revenue earned by the government of India comes from:
Answer
Excise Duty
1361) RBI issue currency rupee notes on bases of
Answer
Only a and b
1362) What is inflation?
Answer
increase in value of commodities
1363) RBI issued its first banknote in Jan 1938 bearing the portrait of George IV. What was its denomination?
Answer
Rs. 5
1364) Asset Reconstruction Company is associated with.
Answer
NPA
1365) Which of the following is an example for Long Investment Option?
Answer
Public provident fund
1366) Indian Financial Network [INFINET] is the :-
Answer
association of the employers of the banking and financial sector
1367) The term plastic money applies to
Answer
Credit cards mainly issued by the banks
1368) When the loan is granted for purchase of white goods it is called
Answer
Consumer durable loan
1369) When the Reserve Bank of India (RBI) is the lender of last resort, what does it mean?
Answer
RBI advances necessary credit against eligible securities
1370) What is the cost of credit expressed as a percentage on a yearly basis called?
Answer
APR
1371) The Difference between Gross Domestic product and Net Domestic product is
Answer
Net Capital Formation
1372) PAN number is required for all transactions above:
Answer
Rs. 2 lakh
1373) SEBI was established in the year
Answer
1992
1374) Recently, Yeldi Softcom received a licence for RBI to set up which of the following?
Answer
semi-closed wallet
1375) Each Regional Rural Bank is managed by
Answer
Board of Directors
1376) What is the full form of CBS?
Answer
Core Banking Solution
1377) Where is the central office of Asian Development Bank?
Answer
Manila
1378) In the acronym WEF, ‗E stands for…..
Answer
Economic
1379) RBI was established on
Answer
12875
1380) Federal Reserve is the central bank of :
Answer
USA
1381) Which of the following term is not associated with economy?
Answer
LED
1382) In which of the following cities, The Head Office of FICCI is located?
Answer
New Delhi
1383) The Lead Bank Scheme was introduced on the basis of recommendations of
Answer
Study group appointed by National Credit Council under the chairmanship of Prof. D. R. Gadgil
1384) The definition of Banking is given in
Answer
The Banking Regulation Act, 1949
1385) The RIDF is a fund maintained by the National Bank for Agriculture and Rural Development (NABARD). What does the letter R‖ denote in the term RIDF?
Answer
Rural
1386) Which facility was set up by State bank of India on recommendation of Iyer Committee in 1991?
Answer
BANKNET
1387) PAN card issued by the income tax debapartment cannot be used for which of the following purpose?
Answer
Proof of a registered tax payer
1388) In the case of a demand draft
Answer
Drawer and drawee are the same but he payee is different
1389) The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act as present is not applicable to -
Answer
Non- banking financial companies
1390) Head Office of the Asian Development Bank located in
Answer
Manila
1391) What is ‗STT?
Answer
Securities Transaction tax
1392) Which among the following body authorizes the credit limit to the national cooperative marketing federation?
Answer
NABARD
1393) Which among the following is NOT a subsidiary of RBI?
Answer
SIDBI
1394) High powered money is:-
Answer
banks reserves at central bank
1395) Closed Economy is one in which:
Answer
neither export nor import takes place
1396) Which of the following is NOT a retail banking product?
Answer
Working capital finance
1397) Which of the following rates is not decided by the RBI?
Answer
Prime Lending Rate
1398) The head of the SBI is designated as:
Answer
Chairman
1399) ‗Which bank launched smart star account?
Answer
ICICI Bank
1400) Regional Rural Banks are sponsored by
Answer
Nationalised Commercial Bank
1401) Mixed economy means?
Answer
Co-existence of public and private sectors
1402) What can be the maximum limit of CRR for a commercial bank to maintain cash with RBI?
Answer
0.4
1403) Mortgage is a security created on
Answer
Immovable property for a loan given by a bank
1404) Bank advances of a Bank are called:
Answer
Non performing Asset
1405) Who is primarily liable on a cheque?
Answer
Drawer
1406) Which of the following agreement/accord is related to baking reforms?
Answer
Basel accord
1407) M-wallet (mobile wallet) application called Buddy lauched by which of the following bank?
Answer
SBI
1408) Expand the term ALM as used in Banking/ Finance sector.
Answer
Asset Liability Management
1409) Which among the following does the RBI not decide?
Answer
Base Rate
1410) In 1980, how many banks were nationalized?
Answer
6
1411) Allonge is
Answer
A piece of paper attached to a negotiable instrument for making available more space for further endorsements
1412) Which of the following terms is used in banking field?
Answer
Interest rate swap
1413) Which of the following Indian company sets it record to be the first company to overtake its parent company in terms of ‗market valuation?
Answer
TCS
1414) Which among the following is correct about the White Label ATM‖:
Answer
All of the Above
1415) Foreign Currency which has a tendency of quick migration is called-
Answer
Hot Currency
1416) Caixa Bank has been headquartered in
Answer
Spain
1417) ‗Sugam is a scheme launched for
Answer
Small tax payers
1418) When a corporate entity wishes to raise money from the market it can do that by issuing
Answer
Commercial Papers
1419) DBS Bank has been headquartered in
Answer
Singapore
1420) In SNRR Account, SNRR stands for
Answer
Special Non Resident Rupee
1421) Banks borrow in this money market for the following purposes:
Answer
All the above
1422) CBS stand for?
Answer
Core banking Solution
1423) A customer wishes to purchase some US dollars in India. She/he should go to:
Answer
RBI or any branch of a bank which is authorized for such business
1424) What is a Repo Rate?
Answer
It is a rate at which banks borrow rupees from RBI
1425) The rate at which banks borrows from the RBI is called
Answer
Repo Rate
1426) Which of the following banks have become the first banks to join SWIFTs global payments initiative?
Answer
Axis Bank and ICICI
1427) Which one of the following statements is correct regarding increase in the CRR in India?
Answer
It reduces credit creation
1428) Finance Ministry advised RBI to allow common ATMs to be owned and managed by Non Banking Institutions. Such ATMs are called:
Answer
White Label ATMs
1429) An average citizen cannot a savings account in which of the following?
Answer
RBI
1430) When it comes to unorganized sector, which among the following is not true?
Answer
Cooperative bank
1431) The Imperial Bank of India was renamed as?
Answer
State Bank of India
1432) Electronic fund transfers like RTGS and NEFT are operated and maintained by
Answer
Reserve Bank of India (RBI)
1433) Merchant banking in India is governed by:-
Answer
SEBI
1434) Which is the first Committee that gave its recommendations relating to Mechanization of Banking System?
Answer
Rangarajan Committee
1435) DICGC stands for -----
Answer
Deposit insurance and Credit guarantee Corporation
1436) Which of the following is not classified as a commercial Bank ?
Answer
Co-operative Bank
1437) The National Stock Exchange (NSE) has selected who among the following as its new CEO and Managing Director?
Answer
Vikram Limaye
1438) Which among the following is known as pre paid negotiable instrument?
Answer
Bankers cheque/ Pay order
1439) In India, forex rates are determined by
Answer
Demand and supply forces
1440) The main mandate of Payments Banks is to offer which of the following?
Answer
Remittance services
1441) India Millennium deposit Scheme was introduced by
Answer
SBI
1442) When financial institutions and banks undertake activities related to banking like investment, issue of debit and credit card etc then it is known as
Answer
Universal banking
1443) IPPBL has received the Certificate of Incorporation from the Registrar of Companies and has become the first PSU under the Debapartment of posts. What is the full form of IPPBL?
Answer
India Post Payments Bank Limited
1444) Which of the following organization / agencies has established a fund known as Investor Protection Fund?
Answer
Bombay Stock Exchange
1445) What does I‖ stand for in ULIP?
Answer
Insurance
1446) Which of the following terms is NOT used in the field of banking?
Answer
Knot
1447) Which among the following is short term borrowings for any firm?
Answer
Sundry creditors
1448) assumed charge as the Minister of State for Micro, Small & Medium Enterprises (MSME) on 11th November 2014.
Answer
Giriraj Singh
1449) When RBI reduce the CRR it results into
Answer
Increase in lendable resources
1450) A tradition of trust is the tagline of
Answer
Allahabad Bank
1451) India has emerged as the worlds
Answer
Third
1452) Co-Operative Bank in India has a
Answer
Three tier system
1453) ‗Rupay is a domestic card scheme of
Answer
NPCI
1454) Which of the following is the headquarters of BCSBI?
Answer
Mumbai
1455) A leading bank in India has recently (July 2016) launched a social media, banking platform for its facebook and twitter users which goes by the name of `Mingle. Name the Bank.
Answer
State Bank of India
1456) NBFCs are an important bapart of the Indian financial system. what is meant by this term?
Answer
Non Banking Financial Companies
1457) What are the facilities available to the customers through ATM :-
Answer
all of the above.
1458) Many a times Government raises additional resources through taxation & allocation of expenditure as per its requirements. It is known as
Answer
Fiscal Policy
1459) Which of the following committees/ Task Forces was set up to suggest reforms in Banking Sector?
Answer
Narasimham Committee
1460) BSBDA, stands for:
Answer
Basic Savings Bank Deposit Account
1461) What does ADB stand for?
Answer
Asian Development Bank
1462) Which of the following agencies is associated with the business of Insurance sector as a regulator?
Answer
IRDA
1463) In recent times, the term Gold ETF was making news. Which among the following closest instrument to Gold ETF?
Answer
Mutual Fund
1464) Certificate of Deposit (CDs) and Commercial Paper (CPs) are the instruments widely used in which of the following financial sector market..?
Answer
Money Market
1465) One of the major challenges banking industry is facing these days is curbing deliberate efforts of some people to bring money earned through illegal activities in circulation. Which of the following act is passed to prevent this activity?
Answer
Prevention of Money laundering Act
1466) Living, Breathing Asia is the tagline of
Answer
DBS Bank
1467) What is the full form of NAV?
Answer
Net Asset Value
1468) Which among the following is not under the control of central banking authority?
Answer
Equity market and debt market supervision and control
1469) Which of the following is also known as policy rate?
Answer
CRR
1470) Slogan of Allahabad Bank is:
Answer
A Tradition of Trust
1471) AMRUT (Atal Mission for Rejuvenation and Urban Transformation) to be introduced in the cities and towns, where the population is ?
Answer
One lakh and above
1472) What does ‗L stands for in term CBLO?
Answer
Lending
1473) Which of the following institution is meant for small and medium enterprises?
Answer
SIDBI
1474) Which of the following rates is decided by the market conditions and not by RBI?
Answer
Inflation rate
1475) When a bank returns a cheque unpaid, it is called?
Answer
Dishonor of cheque
1476) Which of the following is considered as the financial capital of India?
Answer
Mumbai
1477) Money market is a market for debt securities that pay off in the short term………..
Answer
Usually less than one year.
1478) Which of the following is held by a depository?
Answer
All of these
1479) A commercial paper is
Answer
an unsecured money market instrument issued in the form of promissory note
1480) When was Triton Insurance Company Ltd established?
Answer
1850
1481) In which among the following types occurs the Interest Rate Risk?
Answer
Market risk
1482) India became the
Answer
3
1483) What does CRR stand for?
Answer
Cash Reserve Ratio
1484) The minimum acceptable amount under the Scheme of Certificate of eposit is
Answer
Rs. 1 lakhs
1485) Expand the term FRBM?
Answer
Fiscal Responsibility and Budget Management
1486) First Multi-currency international Debit Cards are issued in India by
Answer
State Bank of India
1487) The Indian person who received the Nobel Prize in Economic?
Answer
Amartya Sen
1488) What type of loan is granted by banks for purchase of the White Goods?
Answer
Consumer Durables Loan
1489) A ‗Non-negotiable crossing is a
Answer
General crossing
1490) Which Bank is called Apex Bank?
Answer
Reserve Bank of India
1491) The headquarter of Bank of India is located in which of the following city?
Answer
Mumbai
1492) Closed Economy is one in which :
Answer
neither export nor import takes place
1493) When was the 2nd phase of nationalization of banks done?
Answer
15th April 1980
1494) Which of the following types of banks are NOT allowed to provide credit facilities to their customers?
Answer
Payments Banks
1495) Slogan of Corporation Bank is:
Answer
Prosperity For All
1496) Which among the following definitions are correct:
Answer
All of the Above
1497) Which of the following acts as Regulators for Credit rating agencies in India?
Answer
SEBI
1498) Expand LIBOR?
Answer
London Inter Bank Offered Rate
1499) Which among the following is the private sector banks?
Answer
HDFC Bank
1500) HDFC Bank has announced its UPI will also be available on Chillr, a multi-bank mobile payments app. What is the meaning of I in UPI?
Answer
Interface