501) The Lead Bank Scheme was introduced in the year
Answer
1969
502) What is true about white Card
Answer
It does not carry on its face, the brand of the issuer
503) The customers will be issued
Answer
Certificate of Holding
504) Except one of the following instruments others are issued at discount. Identify the exception
Answer
A Fixed Deposit (F
505) Which bank was the sponsor of Prathama Gramin Bank?
Answer
Syndicate Bank
506) Which of the following is the purpose of introducing Know Your Customer‖ norms by the banks?
Answer
To ensure that the money deposited in banks has come from genuine sources
507) Which of the following terms appropriately explains the role of banks in an economy?
Answer
Financial intermediaries
508) Which from the following is NOT true when the interest rate in the economy goes up?
Answer
Return on capital increases
509) What is the full form of MTSS?
Answer
Money Transfer Service Scheme
510) What does the term Open Market Operations refer to?
Answer
Buying and selling of government securities in the open market
511) In respect of Regional Rural Banks, the share holding pattern is
Answer
Central Government 50%, State Government 15%, Sponsoring Bank 35%
512) Which of the following is not a characteristic of foreign exchange?
Answer
It works 7 days in a week
513) Which of the following is included in bancassurance?
Answer
All the above
514) In respect of bapartnership business, LLP stands for:
Answer
Limited Liability bapartnership
515) Inventor of ATM was:
Answer
John Adrian Shepherd Barron (A British)
516) ‗DAX is the stock Market of-
Answer
Germany
517) The CRR and SLR maintenance is on the
Answer
NDTL
518) What is a stale cheque?
Answer
A cheque which has completed 6 months from the date of its issue
519) The Headquarters of NHB located in
Answer
New Delhi
520) Which of the following stock exchange is derecognized by SEBI on 11.2014 on the allegations of serious irregularities in its functioning?
Answer
Delhi Stock Exchange
521) Name the mobile app started by SBI to stop the debit card details whereby the customer can activate or deactivate its debit card by just sending an SMS?
Answer
SBI Quick
522) If the rupees depreciate, what is the effect on the exporters?
Answer
They are in profit
523) National stock exchange is located -
Answer
Mumbai
524) Under the RBI,s SDR scheme, banks can convert their loans into equity, acquire a majority stake in the firm and bring in new promoters, Here the term SDR means
Answer
Strategic Debt Restructuring
525) Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched on which date?
Answer
41879
526) NEFT is useful because:
Answer
All the above
527) World investment report is published by?
Answer
UNCTAD
528) The largest number of commercial banks offices are located in?
Answer
Uttar Pradesh
529) What is the maximum amount per transaction NEFT limit for cash-based remittances to Nepal?
Answer
50000
530) The new Indian Currency Note of Rs. 2000 denomination will have an image of:
Answer
Mangalyaan
531) Which of the following can be categories as a Merchant Banking service?
Answer
All the above
532) The excess of total expenditures over total receipts is known as:
Answer
Budget Deficit
533) A government security is generally issued in the form of
Answer
all
534) Fixed deposits and recurring deposits are
Answer
repayable on demand or after an agreed period as per bankers choice
535) The ability of commercial banks to increase their deposits by expanding their loans and advances is known as
Answer
Credit Creation
536) Consider these statements:- Statement I – Other than Rs. 1000 note, the security threads of the banknotes contain the word ‗Bharat in Devanagari script and ‗RBI alternatively. Statement II – In Rs. 1000 note, the security thread contains the word ‗Bharat in Devanagari script, ‗1000, and ‗RBI‖.
Answer
Both are true.
537) What is Stagflation‖?
Answer
inflation after deflations
538) Which bank are Public Sector Banks of India?
Answer
More than 50 % stake held by government
539) As per which act, holidays are provided in the banks?
Answer
Negotiable instrument Act –1881
540) Which of the following is not a primary function of a Bank?
Answer
Granting Loans
541) RBI doesnt have an office in
Answer
Shimla
542) Which of the following organizations/agencies works solely to monitor and arrange flow of agriculture credit in India ?
Answer
NABARD
543) In case the prospective customer whose income comes from only Agriculture sources then he has to give a declaration in Form 61.
Answer
TRUE
544) Nomination can be given only for:
Answer
Only A, and B
545) Increase in Service tax came is effective from?
Answer
1st june 2016
546) Bill of lading is a :
Answer
Quasi-Negotiable Instrument
547) Which of the following remains at the top of organizational structure of RBI?
Answer
Central board of directors
548) Where is the headquarter of the International Monetary Fund (IMF) ?
Answer
Washington DC
549) “CAMEL model‖ is used by
Answer
RBI inspectors to evaluate banks functions
550) A Pledge means
Answer
bailment of goods as security for payment of a debt or performance of a promise
551) Where are the headquarters of National Housing Bank?
Answer
New Delhi
552) NEFT and RTGS in banking terminology speak of
Answer
Electronic fund transfer from bank to bank
553) A transfer of money from a migrant worker to their families or other individuals in their home countries is known as
Answer
Foreign Remittance
554) The process of converting physical certificates to electronic form is known as?
Answer
Dematerialisation
555) Which committee has recommended introduction of smart card?
Answer
Saraf committee
556) Devaluation of money means
Answer
Decrease in the external value of money
557) Which of the following is a Central Recordkeeping Agency For National Pension System?
Answer
NSDL
558) Which is the highest bank in the banking structure of India?
Answer
RBI
559) Identify the well known person related to Banking field in India from the following?
Answer
Dr. D subbarao
560) Real Time Gross Settlement System means a payment system in which
Answer
both processing and final settlement of funds transfer instructions can take place continuously
561) The Indian Financial System Code (IFS Code) is an alphanumeric code that uniquely identifies a bank-branch baparticipating in the two main Electronic Funds Settlement Systems in India. IFSC code consists of how many alphanumeric codes?
Answer
11
562) Banking in India is controlled by:
Answer
Reserve Bank of India
563) ICICI was formed in
Answer
1955
564) Kerala-based NBFC Manappuram Finance will launch its own co-branded prepaid card in the tie-up with
Answer
Yes Bank
565) ‗Trusted Family Bank – is the tagline of –
Answer
Dena Bank
566) On the basis of which commission was RBI established?
Answer
Hilton Young Commission
567) The banking company has restriction to sanction loan to
Answer
Directors of the bank
568) SIDBI stands for
Answer
Small Industries Development Bank of India
569) What does FCCB stand for?
Answer
Foreign Currency Convertible Bond
570) The custodian of FOREX Reserve of GOI is
Answer
RBI
571) A current or a saving bank account with a bank will be classified as an inactive account‖ if the account holder has not done any transactions through it for more than
Answer
12 months
572) How many Deputy Governors are there in RBI?
Answer
4
573) What do you mean by ‗Money Laundering?
Answer
Converting money obtained through illegal sources in to legal money
574) The promoters of Local Area Banks may comprise
Answer
all of the above
575) The reserves held by Commercial Banks over and above the statutory minimum, with the RBI are called
Answer
Excess reserves
576) The name of the currency in Dubai and the United Arab Emirates is
Answer
Dirham
577) Largest shareholder (in percentage shareholding) of a nationalized bank is.
Answer
Govt. of India
578) At present, the maximum interest a bank offers on Saving bank account is
Answer
As per bank policy, as the Interest rate on Savings account is deregulated
579) Which of the following is the first Universal Bank established in India?
Answer
ICICI Bank ltd.
580) With which of following types of loans are teaser rates related?
Answer
Home loans
581) Which of the following banks is not nationalized in 1969
Answer
Oriental Bank of Commerce
582) Budget is an instrument of
Answer
Fiscal policy of the Government
583) 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
584) Maximum age for retirement for MD/CEO of all private banks is
Answer
70 years
585) 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
586) Which of the following is not a ‗Money Market Instrument?
Answer
Equity shares
587) Expand CDR?
Answer
Corporate Debt Restructuring
588) Money loaned by a bank or other institution which is repayable on demand is called as ?
Answer
Call Money
589) The headquarters of Malwa Gramin Bank is?
Answer
Sangrur Punjab
590) What does ‗Kite Flying refers to in the banking terminology?
Answer
Permitting drawls against uncleared cheques
591) Insurance companies in India are regulated by
Answer
IRDA
592) What does CRISIL stand for?
Answer
Credit Rating and Investment Services of India Limited
593) Loans of very small amount given to low income group is called-
Answer
Micro Credit
594) Which is incorrect with regard to powers of RBI:
Answer
None of the above
595) Payment of a cheque cannot be made on a cash counter of the bank if the cheque is:-
Answer
cross
596) CEO of ICICI bank is:
Answer
Chanda Kochhar
597) Which of the following appears in the balance sheet of a company?
Answer
Paid up Capital
598) Commercial paper may be issued for a period of
Answer
7 days to one year
599) When the loan is granted for purchase of white goods it is called
Answer
Consumer durable loan
600) Banks fix separate cash limit and overall spending limit for each credit card. What is the disadvantage in withdrawing cash on credit cards?
Answer
Cash withdrawal fees together with tax is charged to the card holder
601) 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
602) Name the countrys first small finance bank which started its operations recently?
Answer
Capital Local Area Bank
603) Which of the following agencies maintain RIDF (Rural Infrastructure development Fund) ?
Answer
NABARD
604) CRR is required to maintain in the form of
Answer
Cash with RBI
605) International Bank for Reconstruction and Development is related to
Answer
World Bank
606) Which among the following is a qualitative tool of monetary policy?
Answer
Credit rationing
607) Co-operative Banks in India are registered under
Answer
Only i)
608) 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
609) GATT stands for:
Answer
General Agreement on Tariffs and Trade
610) NDTL stands for
Answer
Net Demand and Time Liability
611) The first ATM was set-up in Mumbai in 1987 by
Answer
HSBC Bank
612) Many times we read in newspapers that the RBI has revised certain rates/ ratios under LAF. What is the full form of LAF?
Answer
Liquidity Adjustment Facility.
613) Which of the following was the first bank to introduce the concept of the ATM in India way back in 1987?
Answer
HSBC
614) Interest payable on savings bank accounts is?
Answer
De-regulated by RBI
615) If the Statuary Liquidity Ratio (SLR) is increased, what will be the effect on Banks credit situation?
Answer
It will be reduced
616) The following are main objectives of the SEBI :-
Answer
all of the above
617) RBI uses bank rate in order to control
Answer
Money supply, volume of bank credit and cost of bank credit.
618) CAMEL model‖ is used by
Answer
RBI inspectors to evaluate banks functions
619) Debapartment of Economic Affairs is bapart of which of the following Ministries ?
Answer
Ministry of Finance
620) 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
621) Mortgage is a:
Answer
Security on immovable property for a loan
622) Which of the following statements is correct about banks?
Answer
Banks can accept both demand and time deposits from public.
623) Loan given by the banks to farmers/small shop owners etc. is known as
Answer
Priority Loan
624) Under which of the following type of account is a specified amount deposited every month for a specified period, says, 12, 24, 36 and 60 months?
Answer
Recurring Account
625) A bank is called as Scheduled Bank‖ when
Answer
It is included in the second Schedule of the RBI Act
626) Which state is called the ‗Cradle of Banking in India, as seven leading banks of India have originated from this state?
Answer
Karnataka
627) According to Reserve Bank of India Regulations, Universal Banks‖ are permitted to pick up stake in Payment Banks up to
Answer
0.3
628) Sovereign Gold Bond(SGB) will be tradable on
Answer
Stock Exchange
629) Among the following which is NOT a source of funds of a commercial bank?
Answer
Call money borrowings
630) A collection of non-bank financial intermediaries that provide services similar to traditional commercial banks is known as
Answer
Shadow Banking System
631) Rise in inflation rate leads to decline in
Answer
Decrease the real interest rate
632) Pawan Kumar Bajaj is the MD and CEO of
Answer
United Bank of India
633) When the Government of India cannot raise enough financial resources through taxation, it finances its expenditure through various means like borrowing from market, running down its balances with RBI etc. This can be exactly called as
Answer
Deficit Financing
634) Which of the following public sector banks has recently celebrated it centenary year?
Answer
Allahabad Bank
635) Find the odd man out when it comes to sanctioning of loans to a customer?
Answer
Procuring
636) Which of the following Acts is specially launched to facilitate banks in recovery of bad loans?
Answer
SARFAESI Act
637) Which of the following organization / agencies has established a fund known as Investor Protection Fund?
Answer
Bombay Stock Exchange
638) Which of the following is the most active segment of the money market in India?
Answer
Call Money
639) Expand the term FRBM?
Answer
Fiscal Responsibility and Budget Management
640) The currency notes of which of the following denominations are not printed in India ?
Answer
Rs 2,500
641) A Co-Operative Bank operating in different States is regulated by
Answer
Multi Unit Co-Operative Societies Act
642) Interest payable on savings bank accounts is?
Answer
De-regulated by RBI
643) Largest shareholder (in percentage shareholding) of a Nationalized bank is ?
Answer
Govt of India
644) Who is having the major stakes in NABARD?
Answer
Central Government
645) The Definition of ‗Banking is given in
Answer
The Banking Regulation Act, 1949
646) Which of the following payment instrument introduced by the banks is known as plastic money?
Answer
Credit Cards
647) What is the full form of CBS?
Answer
Core Banking Solutions
648) Who is the MD and CEO of Syndicate Bank?
Answer
Arun Shrivastava
649) After the recommendations of which of the following committee the Regional Rural Banks were setup?
Answer
Narasimhan Committee
650) In TRIPS, what does ‗I stand for?
Answer
Intellectual
651) A banking system where all operations are confined to a single office is known as
Answer
Unit Banking
652) India has emerged as the worlds
Answer
Third
653) For using the safe deposit locker facilities, bank customers pay
Answer
Rent on locker
654) The Reserve Bank of India imposed how much penalty on Bank of Baroda in the alleged Rs 6000 crore forex related irregularities that came to light in October last year?
Answer
Rs 5 crore
655) The Head of Reserve Bank of India is?
Answer
Governor
656) Which of the following is the correct definition of Hot Money?
Answer
This is the fund which is pushed into market through illegal methods
657) Short-term assets, representing amounts due to a vendor or suppliers of goods or services that were sold on credit terms is known as
Answer
Account Receivable
658) An increase in CRR by RBI leads to
Answer
Decrease in lendable resources
659) The number of lead merchant bankers may not exceed in case any issue of, issue size 200crore to 400crore?
Answer
5
660) ICICI Bank and Axis Bank has sold Rs.1, 800 crores of loans to paper maker Ballarpur Industries Ltd to Edelweiss Asset Reconstruction Company. Who is present CEO of Axis Bank?
Answer
Shikha Sharma
661) Which amongst the following is not term deposits issued by commercial banks?
Answer
Current account
662) Which of the following cannot be called as a Debt Instrument as referred in financial transactions?
Answer
Stocks
663) Reverse Repo rate is the rate at which RBI Pays interest to Commercial Banks and it is linked to Repo Rate and the rate is
Answer
1% below Repo Rate
664) RBI permitted CBS-enabled Cooperative Banks to issue ATM cards in tie-up with:
Answer
a sponsor bank
665) Which of the following bank launches Indias first Mobile ATM?
Answer
ICICI Bank
666) “The Bank that begins with U‖‖ is the tagline of
Answer
United Bank of India
667) Which of the following state shows the fastest growth in expanding Micro Finance business in the country?
Answer
Andhra Pradesh
668) Annual Meeting of Board Governors of World Bank Group and International Monetary Fund or the 2015 was held at
Answer
Peru
669) 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
670) While discussing investments there is a mention of short term government security. What is this investment?
Answer
Treasury bill
671) The term Bancassurance‖ means
Answer
Selling of Insurance products by Banks
672) Many times we read in newspapers that the RBI has revised certain rates/ ratios under LAF. What is the full form of LAF?
Answer
Liquidity Adjustment Facility.
673) Which of the following is the authority for effecting changes in the Cash Reserve Ratio and Statutory Liquidity Ratio?
Answer
Reserve Bank of India
674) Which among the following is at times mentioned as a kind of Direct Debit Facility?
Answer
ECS
675) Debapartment of Economic Affairs is bapart of which of the following Ministries ?
Answer
Ministry of Finance
676) Which of the following is a stipulation under the Basel III norms?
Answer
Banks to reach the minimum capital adequacy ratio of 11.5% by 31st March, 2018
677) The primary relationship between the banker and the customer is that of
Answer
Debtor and creditor
678) Currency Chest is the property of
Answer
RBI
679) Who amongst the following has suggested to the banks in India to give details of fund transfers to customers via SMS/E-mails?
Answer
Reserve Bank of India (RBI)
680) AER stands for
Answer
Annual Equivalent Rate
681) What is the most powerful tool used by the Reserve Bank of India to control inflation?
Answer
Raise interest rates
682) While discussing investments there is mention of short term government security. What is this type of investment known as
Answer
Treasury Bill
683) Which of the following banks was first to establish merchant banking business in India?
Answer
Grindlays Bank
684) Which of the following is/are the subsidiaries of RBI?
Answer
All of these
685) 260)Union Budget which is presented every year in the parliament is also known as
Answer
General Budget
686) 273)Where is the headquarter of Asian Development Bank (ADB) located?
Answer
Manila
687) RBI was established on
Answer
12875
688) Which of the followings can be used for Current Account Deficit financing?
Answer
All FII, FDI and ECB
689) As per RBI statement, the proposed Universal Bank shall have a minimum net worth of
Answer
Rs. 500 crore
690) Bank rate policy, open market operations, variable reserve requirements and statutory liquidity requirements as measures of credit control are classified as :-
Answer
quantitative methods
691) What is the full form of ECB?
Answer
External Commercial Borrowings
692) NAMA word is related to which organisation ?
Answer
World Trade Organisation
693) The India post Payments Bank (IPPB) launched its operations recently. The paid-up equity of the IPPB is
Answer
Rs. 800 cr
694) When the banker talks about CDR, what is he talking about?
Answer
Corporate Debt Restructuring
695) National Housing Bank(NHB) was set up under
Answer
National Housing Bank Act, 1987
696) Which among the following is correct about slogans of different banks:
Answer
All of The Above
697) Director General of Foreign Trade is working under
Answer
Ministry of Commerce
698) The BFSs board member are appointed for term of :
Answer
2 years
699) Interest on saving bank account is now calculated by banks on
Answer
Daily product basis
700) The CRR and SLR maintenance is on the
Answer
NDTL
701) Who is issuing license to perform insurance business by banks
Answer
IRDA
702) Prathama Bank is the first Regional Rural Bank (RRB) of India established on 2 Oct, 1975, with its Head Office at Moradabad. The bank was sponsored by
Answer
Syndicate Bank
703) Co-Operative Banks in India do not finance rural areas under
Answer
Small Scale Unit
704) Matryoshka bond‖ is issued by?
Answer
Russia
705) ————– is a financial intermediary who helps to mobilize and transfer capital from those who possess it to those who need it?
Answer
Venture capital
706) Where is the Headquarter of Indian Bank located?
Answer
Chennai
707) The govt. of India replaced the FERA by
Answer
FEMA
708) RBI has imposed a fine of Rs 1 crore on which of the following banks for flouting bill discounting norms?
Answer
UCO Bank
709) Where is the head quarter of Insurance Regulatory and Development Authority (IRDA)?
Answer
Hyderabad
710) When the rate of inflation increases?
Answer
Purchasing power of money decreases
711) Obtaining cash from an ATM is similar to:
Answer
Writing a Cheque
712) Which of the following is correct statement?
Answer
No interest is paid on current deposit accounts.
713) Which of the following cannot be called as a Debt Instrument as referred in financial transactions?
Answer
Stocks
714) Union Budget which is presented every year in the parliament is also known as
Answer
General Budget
715) BIS stands for ?
Answer
Bank for International settlements
716) You might have heard about PMI data. What is PMI?
Answer
Purchasing Managers Index
717) Who is the chairman of Bharatiya Mahila Bank?
Answer
Usha Ananthasubramanian
718) Banks have started opening bio-metric ATMs now. Such ATMs will prove most beneficial for which of the following categories of customers ?
Answer
Illiterate people
719) Banking Ombudsman Scheme is applicable to the business of
Answer
All scheduled commercial banks including RRBs
720) Which of the following is NOT comes under the functions of Banks?
Answer
Buy commodities for trading
721) Where is NDB headquartered?
Answer
Shanghai
722) Largest shareholder (in percentage shareholding) of a nationalized bank is
Answer
Government of India
723) Which of the following is known as a Savings Bank Account opened with a commercial bank with zero balance or very minimal balance?
Answer
No-frills Account
724) How many members are there in FATF?
Answer
37
725) Which of the following is not the bapart of the scheduled banking structure in India?
Answer
Money Lenders
726) CTC Stands for
Answer
Cheque truncation System
727) Which one of the following is called as initial repayment holiday given to a borrower for repayment of loan?
Answer
Moratorium
728) Which of the following organizations issue the rules of global trade?
Answer
World Trade Organization
729) The difference between the total cost of a project and the sanctioned loan amount is termed as
Answer
Margin Amount
730) IFRS stands for
Answer
International Financial Reporting Standards
731) Invisible export means export of
Answer
Services
732) Tele banking is attracting the fancy of urban customer due to
Answer
All of the above
733) Which of the following is not an asset of a bank?
Answer
Overdue Recurring Deposits
734) According to the Sarraya Committee, average membership of the society‟s is
Answer
32
735) Stock exchange securities do not include?
Answer
Reverse Repo Rate
736) Non Banking assets include:
Answer
Both A and B
737) RBI stipulates a healthy mix of CASA in the business figures of banks. What is CASA?
Answer
Current Account and saving Account
738) Commercial paper may be issued for a period of
Answer
7 days to one year
739) The Pre Shipment finance is provided by the banks only to
Answer
Exporters
740) Which of the following is the first Regional Rural Bank of India?
Answer
Prathama Bank
741) Which of the following provides license to a credit bureau?
Answer
RBI
742) RTGS enables
Answer
Immediate transfer of money from customer of one bank to customer of another bank
743) The Base rate for banks in India is set up by?
Answer
RBI
744) What is the full form of forex?
Answer
Foreign Exchange
745) As we know lot of new concepts are being used in the field of banking these days. Which. Of the following is NOT one such concept/product directly associated with banks?
Answer
Number Portability
746) In which of the public sector bank, government decided to take a move to lower its stake below 51%?
Answer
IDBI Bank
747) The ratio of deposits to loans of a bank is known as
Answer
Other than those given as options
748) CPI stands for
Answer
Consumer Price Index
749) Who is issuing license to perform insurance business by banks
Answer
IRDA
750) FDR is:
Answer
Fixed Deposit Receipt
751) Where is NDB headquartered?
Answer
Shanghai
752) Which of the following public sector bank emblem figures a dog and the words ‗faithful, friendly in it?
Answer
Syndicate bank
753) Expand the term FRBM
Answer
Fiscal Responsibility and Budget Management
754) What is the maximum age for MD and CEO in Private Sector Banks set by RBI?
Answer
70
755) IFSC in a cheque means:
Answer
All the above
756) In the financial sector there are many companies who are providing banking like activities though they are not recognized as banks. How is this baparticular type of activity known as?
Answer
Shadow banking
757) Escrow account is useful/helpful to-
Answer
exporters
758) In India Mutual Funds are regulated by
Answer
Securities and Exchange Board of India
759) Capital market can be divided into
Answer
both a) and b)
760) Credit is a
Answer
A stock-flow concept
761) Providing banking services to a customer without his entrance inside the banks branch is called as:
Answer
Virtual banking
762) Which term refers closure of the loan account prior to the tenure fixed for the account?
Answer
Pre Closure
763) 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
764) What is the name of technology given to the recently introduced computerised clearance of cheques:
Answer
MICR
765) How many types of PSLCs can be issued by the Banks?
Answer
Four
766) Out of 27 Public Sector Banks (PSBs), Govt of India controls 22 banks through majority holding and which of the following state-run entities holds majority stake in the remaining 5 banks?
Answer
SBI
767) Which of the following is the first universal bank of India?
Answer
ICICI
768) Increase in net RBI creit for central government represents-
Answer
monetized deficit
769) Banks keep notes/ coins in Currency Chest on Behalf of which of the following?
Answer
The Reserve Bank of India
770) The issued/paid-up capital of a Regional Rural Bank should be
Answer
minimum Rs 25 lac and maximum Rs 100 lac
771) Cheque truncation means:
Answer
Using the electronic image of a cheque
772) As bapart of FATCA compliance, the Central Board of Direct Taxes (CBDT) has asked the banks/financial institutions to link their accounts with Aadhar number and self-certification from customers by April 30th, 2017 to avoid closure of accounts. FATCA stands for-
Answer
Foreign Account Tax Compliance Act
773) Which of the following agencies in India is responsible for computation of national income?
Answer
CSO
774) AML Stands for
Answer
Anti Money Laundering
775) Which of the following is an international forum to discuss and implement supervisory norms in all the banks of the world?
Answer
Basel Committee
776) Where is RBI head office located?
Answer
Mumbai
777) The word Code Sharing is most used in which of the following industries?
Answer
Air Transport Industry
778) Current accounts are meant and useful for
Answer
Day-to-day business needs
779) On the basis of recommendations of which of the following committees NABARD was established?
Answer
Shivaraman Committee
780) Accounts are allowed to be operated by cheques in respect of?
Answer
Savings bank accounts and current accounts.
781) The Reserve Bank of India has allowed banks to invest in REITs and InvITs, a move that will help revive the cash-starved infrastructure sector. REITs stand for-
Answer
Real Estate Investment Trust
782) Central Co-operative banks work at:
Answer
District level
783) Where is the head quarter of Insurance Regulatory and Development Authority (IRDA)?
Answer
Hydrabad
784) ‗DAX is the stock Market of-
Answer
Germany
785) Monetary policy committee will consist of how many members?
Answer
6
786) The drawee of a cheque can be
Answer
a bank
787) Axis bank tagline is
Answer
Badhti ka naam zindagi
788) The sponsor bank of Pallavan Grama Bank is?
Answer
Indian Bank
789) Current deposits are also known as
Answer
Demand Deposits
790) Insurance cover for bank deposits in our country is provided by.
Answer
DICGC
791) The seed capital of Bharatiya Mahila Bank is
Answer
Rs.1000 crore
792) Deficit financing can (these are also demerits of it)
Answer
All above
793) The World Bank group is made up of how many organisations?
Answer
5
794) Financial inclusion means provision of ?
Answer
Financial services namely payments, remittances, savings, loans and insurance at affordable cost to persons not yet given the bank
795) Distribution of insurance products and insurance policies by banks as corporate agents is known as?
Answer
Bancassurance
796) Who is primarily liable on a cheque?
Answer
Drawer
797) What do well can an arrangement whereby an issuing bank at the request of the importer (Buyer) undertakes to make payment to the exporter (Beneficiary) against stipulated documents?
Answer
letter of credit
798) Which among the following was the first bank purely managed by Indians?
Answer
Punjab National Bank
799) Capital adequacy is worked out based on?
Answer
Risk weighted assets
800) Structure of Basel II is based on how many pillars?
Answer
Three
801) The Centre has formed a six-member committee to give a report on ways to improve Indias Haj policy. who among the following is the convener of the Committee?
Answer
Afzal Amanullah
802) RBS Bank has been headquartered in
Answer
Edinburgh, United Kingdom
803) The largest number of commercial banks offices are located in
Answer
Uttar Pradesh
804) The following are main objectives of the SEBI :-
Answer
all of the above
805) Which bank first introduced Automated Teller Machine (ATM) in India (1987)?
Answer
HSBC
806) National Payments Corporation of India NPCI) is being used by banks for
Answer
Clearing and settlement
807) What is fiat money?
Answer
The currency backed by Government Guarantee
808) Financial institution that does not supervised by a national or international banking regulatory agency?
Answer
NBFI
809) How many digits are there in Mobile Money Identifier (MMID)?
Answer
7 digits
810) Who can invest in a commercial paper?
Answer
All of the above
811) Banks in our country normally publicize that additional interest rate is allowed on retail domestic term deposits of
Answer
Senior citizens
812) 288)The Difference between Gross Domestic product and Net Domestic product is
Answer
Net Capital Formation
813) What is the term for a bank without any branch network that offers its services remotely?
Answer
Direct Bank
814) The following are main objectives of the SEBI
Answer
all of the above
815) SEBI has been imposed a restriction on money flow in equity through ‗P-notes. What is the full form of ‗P-notes?
Answer
baparticipatory notes
816) In India, the Chit funds are governed / regulated by
Answer
State Government
817) KYC (Know Your Customer) norms were implemented in the Indian banking system in 2002 as per the directive of ?
Answer
RBI
818) State Bank of Indias new floating rate of deposit is directly linked to?
Answer
Base Rate
819) What do you mean by RIDF?
Answer
Rural Infrastructure development fund
820) Which is an interest-free period that is to be given by a creditor to debtor?
Answer
Grace Period
821) The Minimum Net Owned Fund for NBFC- MFIs registered in the North Eastern Region of the country is
Answer
Rs.2 crore
822) Expand IFSC
Answer
Indian Financial System Code
823) It is a tax which is levied at the same rate all income levels.
Answer
Proportional Tax
824) The headquarters of SIDBI is in-
Answer
Lucknow
825) Vijaya Bank has been adjudged ‗Best Bank for SME Lending in PSB category by Assocham at the 4th SMEs excellence Awards. The bank is headquartered at
Answer
Bengaluru
826) What kind of Treasury Bills T-Bills) is/ are issued by State Government?
Answer
No Treasury Bills issued by State Government
827) Which of the following is foreign bank having offices/branches in India?
Answer
Standard Chartered Bank
828) YES Bank recently deferred its $1-bn equity raising plan. The bank was panning to raise money through QIP, which means
Answer
Qualified Institutional Placement
829) Whose signature appears on Indian Rs. 100 note?
Answer
RBI Governor
830) According to RBI guidelines the term ‗bulk deposit is used for single rupee term deposit of
Answer
Rs. 1 crore and above
831) Which of the following forms of securing a loans is the safest one?
Answer
Pledge
832) On 4th September, 1993. a loss making nationalised bank was merged with Punjab National Bank by government of India. The name of the bank was
Answer
New Bank of India
833) Goods and services tax would replace which tax?
Answer
Value added tax
834) Banks generally borrow funds from which of the following money markets to meet the mandatory Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) requirements as stipulated by the Central bank?
Answer
Call Money Market
835) Which of the following is not the function of Payment bank?
Answer
Issue of Credit Card
836) The term
Answer
Depository
837) What is the full form of FATCA?
Answer
Foreign Account Tax Compliance Act
838) The Head of the Reserve Bank of India is designated as the
Answer
None of these
839) Which of the following sectors makes maximum contribution to the National Income of India?
Answer
Service
840) Demand deposits mean
Answer
Deposits withdrawable on demand by the depositor
841) The logo of Bank of Baroda is known as—
Answer
Baroda Sun
842) The proposed Universal Banks shall be governed by
Answer
All of above Acts govern these banks.
843) The RBI has decided to stop circulation of the coin of which of the following denominations from June 2011 ?
Answer
25 p.
844) Expand FRBM.
Answer
Fiscal Responsibility and Budget Management
845) In which year does the Differential Rate of Interest Scheme was introduced?
Answer
1972
846) The first nationalisation of banks exercise was done on:
Answer
A. 19.07.1969
847) When there is a difference between all receipts and expenditure of the Government of India both capital and revenue it is called
Answer
Budgetary Deficit
848) A company which pools money from investors and invests in stocks, bonds, shares is called
Answer
Mutual Fund
849) On which one of the following issues IMF has supported monetary policy of India?
Answer
Tightening of monetary policy
850) Which type of risk arises before a bank that trades in government securities?
Answer
Market risk
851) National Institute of Bank Management is the institute meant for
Answer
All those given as options
852) Which Bank has launched Indias first internationally-listed certified green bond to finance climate change solutions around the world at London Stock Exchange (LSE)?
Answer
Axis Bank
853) Which of the following allowed Non-Resident Indians (NRI) to subscribe to NPS?
Answer
RBI
854) Which of the following is an investment advisory discipline?
Answer
Wealth Management
855) Who is the sole authority to issue and manage currency in India?
Answer
Reserve Bank of India
856) When was the Imperial Bank of India nationalised?
Answer
1955
857) The Kisan Credit Card Scheme is being implemented by all
Answer
All of the above
858) Which one of the following rates is not decided by RBI?
Answer
Base rate
859) which among the following is at times mentioned as a kind of Direct Debit Facility?
Answer
ECS
860) Commercial banks provide locker facility to their customer for
Answer
Safe custody
861) Which of the following is a leading electronic payment technology firm ? (The logo of the firm can be seen printed on credit cards/ATM centres etc.)
Answer
Visa
862) What is Call Money ?
Answer
Money borrowed or lent for a day or over night
863) Monetary Policy as an arm of the economic policy is administered by which bank?
Answer
RBI
864) The RBI has decided to stop circulation of the coin of which of the following denominations from June 2011 ?
Answer
25 p.
865) Bank draft is a
Answer
cheque which a bank draws itself
866) RTGS as well as NEFT uses
Answer
IFSC
867) The Base rate of each bank is to be reviewed after every
Answer
Quarter
868) Which of the following organizations/agencies is not associated with the world of banking and finance?
Answer
ONGC
869) Who invented the first operational ATM ?
Answer
John Shepherd Barron
870) What is the rate at which commercial banks charge on their surplus funds with RBI?
Answer
Reverse Repo Rate
871) Which committee is heading the conversion of Urban Cooperative Banks into Regular Banks?
Answer
R Gandhi
872) Which of the following sets up core banking infrastructure for rural banks?
Answer
NABARD
873) Which of the following banks was first to establish merchant banking business in India?
Answer
Grindlays Bank
874) SEBI is a
Answer
Statutory body
875) In banking terminology the word Co - obligant‖ means :
Answer
A person who has assumed obligations of contract jointly with other person(s)
876) Which of the following organization/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
877) The term smart money refers to
Answer
credit cards
878) The different names of Reserve Bank of India are
Answer
All of the above
879) The Regulatory Authority for Regional Rural Banks is
Answer
RBI and NABARD
880) Which of the following is the basic objective of R.B.Is monetary policy ?
Answer
To control cost and availability of money
881) Who was the founder of Punjab National Bank?
Answer
Lala Rajpat Rai
882) Buying and selling of eligible securities by RBI in the money market can be termed as
Answer
Open Market Operations
883) Which of the following terms is NOT used in Banking/Finance related matters ?
Answer
Law of Motion
884) In India, the bank NABARD does not provide refinance to:
Answer
Export-import bank
885) Which is the largest foreign bank working in India?
Answer
Citibank
886) Interest will be credited
Answer
Semi-annually
887) Which amongst the following is called as mother of deposits?
Answer
savings bank
888) NABARD was set up with an initial capital of-
Answer
Rs 100 crore
889) The Kisan Credit Card Scheme is being implemented by all
Answer
All of the above
890) An account is considered dormant when there is no transaction through it for more than
Answer
24 months
891) Which bank was earlier called the Imperial Bank of India ?
Answer
SBI
892) White Label ATM means:
Answer
The ATM that does not have any bank logo.
893) An NBFC-MFI is defined as a non-deposit taking NBFC (other than a company licensed under Section 25 of the Indian Companies Act, 1956) with Minimum Net Owned Funds of
Answer
Rs.5 crore
894) Who has been appointed as the new MD and CEO of Karnataka Bank Ltd?
Answer
Mahabaleshwara Mavinakudige Subrahmanya
895) Which of the following state is known as Cradle of Indian Banking‖?
Answer
Karnataka
896) The largest number of commercial banks offices are located in?
Answer
Uttar Pradesh
897) Multi-currency basket‖ means?
Answer
number of major international currencies to which the external value of the Indian rupee is linked
898) In India, it is necessary to have license from the RBI for opening a new branch. This is a requirement under
Answer
Section 22 of banking Regulation Act
899) Identify the Basel III norms from following that, recently RBI has extended the timeline for implementation for banks in India
Answer
All the above
900) Which of the following will set up core banking infrastructure for rural banks ?
Answer
NABARD
901) Normally banks accept fixed Deposits for a maximum period of:
Answer
10 years
902) In EDLI, what is the meaning of L?
Answer
Linked
903) Co-Operative Development Bank was set up by
Answer
NABARD
904) Exchange Earners Foreign Currency (EEFC) Account provides
Answer
Current Account
905) The government formed the panel after many ex-servicemen returned their medals to protest the rejection of their ‗one rank one pension demand. Who is heading this panel?
Answer
K.M. Chandrasekhar
906) What is the maximum period within which the aggrieved customer can approach OMBUSAMAN?
Answer
Within 1 year
907) Structure of Basel II is based on how many pillars?
Answer
Three
908) Bank holidays under Section 25 of the Negotiable Instruments Act, 1881 are declared by:
Answer
RBI
909) Which bank launched ‗Mobicash easy scheme?
Answer
SBI
910) What does ‗T in RTGS stand for?
Answer
Time
911) Time period that is considered from the inception of the credit, investment or negotiable instrument and ends upon the maturity or expiry of the instrument is referred as
Answer
Amortisation Period
912) Which of the following is the biggest borrower in India?
Answer
Government of India
913) Safe deposit locker – a product offered in the Indian retail banking segment under:
Answer
Retail services
914) Central Co-operative banks work at:
Answer
District level
915) When it comes to the following term namely- IPO, what do you mean by P‖?
Answer
Public
916) When was Triton Insurance Company Ltd established?
Answer
1850
917) Which of the following is the central bank of U.S.A?
Answer
Federal Reserve
918) Experience our expertise‖ is the tagline of
Answer
Yes Bank
919) Medium-term industrial finance refers to the funds required for a period of one year to
Answer
5 years
920) By crossing we mean
Answer
two transverse parallel lines on a cheque
921) Which of the following is a measure taken by Reserve Bank of India to control inflation in our country?
Answer
Raising of Repo / Reverse Repo Rate
922) India Post Payments Bank(IPPB) will offer
Answer
All of these
923) CRISIL is a
Answer
Credit Rating Agency
924) Union Budget is always presented in the month of
Answer
February
925) The currency notes issued by Reserve Bank of India are under the signature of
Answer
Governor
926) Loan of very sall amount given to low income group is called-
Answer
Micro Credit
927) Islamic Development Bank located in which country?
Answer
Saudi Arabia
928) Which was the first Mutual Fund started in India
Answer
None of the above
929) Certificates of deposits have a minimum value of :
Answer
1 Lakh
930) 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
931) National Housing Bank(NHB) was set up under
Answer
National Housing Bank Act, 1987
932) The Priority Sector Lending Certificates (PSLCs) can be traded using the RBIs
Answer
e-Kuber platform.
933) On 19th July 1969, 14 banks were nationalized, these banks had deposits of more than
Answer
Rs 100 crore
934) The Head Office of which of the following banks is in Mumbai?
Answer
Union Bank of India
935) The SEBI amended the regulations for REITs recently to facilitate their growth, What is the full form of the term REITs?
Answer
Real Estate Investment Trusts
936) The headquarters of Gramin Bank Of Aryavrat is?
Answer
Lucknow, Uttar Pradesh
937) The following is a mechanism for injecting liquidity by RBI to the financial system:
Answer
D.Repo
938) The phenomenon of a continuous decrease in prices of goods and services in the economy is, known as
Answer
Deflation
939) SBI Day is observed on
Answer
44378
940) What is the full form of NIM?
Answer
Net Interest Margin
941) 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 Corporation Refinance and Development
942) What is the full form of IPO?
Answer
Initial Public Offering
943) Which of the following is considered as the financial capital of India?
Answer
None of these
944) Maximum age for retirement for MD/CEO of all private banks is
Answer
70
945) NOSTRO account means
Answer
An account opened by an Indian bank in the foreign countries in their banks and in that country currency for settlement in that countrys currency.
946) When Repo rate is reduced by RBI, it leads to
Answer
reduction in cost of borrowing by banks from RBI
947) Which of the following is an international forum to discuss and implement supervisory norms in all the banks of the world?
Answer
Basel Committee
948) The term ‗Paper Gold means
Answer
Special drawing rights of the IMF
949) Who pays commission to banks for conducting Government business?
Answer
RBI
950) Sub-prime lending refers to
Answer
lending to the people with less than standard credit status
951) Which of the following is not a bapart of the scheduled banking structure in India?
Answer
Money Lenders
952) Many Regional Rural Banks were given licenses to open branches in small cities and towns. These licenses were given by -
Answer
NABARD
953) Who is the winner of Tour De France 2015 ?
Answer
Chris Froome (Kenyan born British)
954) Certificate of Deposits can be issued for a maximum period of
Answer
365 days
955) Banking Industry has been declared as public utility service for purpose of
Answer
Industrial Disputes Act
956) How many baparties primarily involved in a Promissory Note?
Answer
Two
957) Which bank in India performs duties of Central Bank?
Answer
RBI
958) In which year central government abolished banking Services Recruitment Boards?
Answer
2001
959) What is the duration of Public Provident Fund (PPF) account?
Answer
15 years
960) If a crossed cheque is presented for payment
Answer
It can be paid only through a banker
961) While discussing investments there is mention of short term government security. What is this type of investment known as
Answer
Treasury Bill
962) Which of the following is the first commercial bank ?
Answer
Oudh Commercial Bank
963) Basic Objective of SEBI is/are:
Answer
All of the above
964) Who fixes the interest on Savings Deposit?
Answer
Respective Banks
965) Which among the following is incorrect about Bank Ombudsman ?
Answer
None of these
966) When there is an inflationary trend in the economy what would be trend in the pricing of the Bank products?
Answer
Increasing trend
967) ‗RuPay has been developed by which organization?
Answer
National Payment Corporation of India
968) MD and CEO of Canara Bank is
Answer
Rakesh Sharma
969) Which one of the following is the directive given to the government of India in the financial stability report submitted to it?
Answer
To reduce fiscal deficit
970) Which of the following is the standard document that is commonly used to govern over-the- counter derivatives transactions?
Answer
ISDA Agreement
971) Expand NPD?
Answer
Net Primary Deficit
972) Till 30th June, 1955, State Bank of India (SBI) was known as
Answer
Imperial Bank of India
973) Urban cooperative banks are controlled by
Answer
NABARD – RBI
974) Who is the MD and CEO of IDBI Bank?
Answer
Mahesh Kumar Jain
975) What is the full form of ‗CRR as used in banking sector ?
Answer
Cash Reserve Ratio
976) Which one of the following statements is correct regarding increase in the CRR in India?
Answer
It reduces credit creation
977) Which among the following bank has offered the best interest on saving accounts in India by Jan 2015?
Answer
Yes bank
978) MICR stands for
Answer
Magnetic Ink Character Recognition
979) Who decides the value and volume of bank notes to be printed and on what basis?
Answer
RBI
980) Axis Bank is the changed name of
Answer
UTI
981) The government formed the panel after many exservicemen returned their medals to protest the rejection of their ‗one rank one pension demand. Who is heading this panel?
Answer
K.M. Chandrasekhar
982) Open Money Market is a place for selling and buying of financial instrument by
Answer
All financial institutions
983) What is used to manage cash flows in different currencies?
Answer
Currency swap
984) Cash reserve ratio is the
Answer
Mandatory
985) What does the M in M-banking stands for?
Answer
mobile
986) Who issues Commercial Papers?
Answer
Banks to Banks
987) What is the meaning of ‗I promise to pay clause written on notes?
Answer
The bank’s obligation to pay the value of banknote does not arise out of a contract but out of statutory provisions.
988) What is the maximum period for which domestic term deposits are normally accepted by banks in our country?
Answer
10 years
989) When the conversion rate of our currency goes high in compared to other currency , it is known as-
Answer
Rupee Depreciation
990) Relationship between the RBI and the bank maintaining currency chest will be of
Answer
Principal and agent
991) An increase is CRR by RBI leads to-
Answer
Decrease in lendable resource
992) Domestic Systematically Important Banks (D- SIBs) is announced with the term
Answer
Too big to fail
993) The headquarters of Industrial Finance Corporation of India(IFCI)
Answer
New Delhi
994) Economic planning is an essential feature of
Answer
Social economy
995) ‗Repo Rate is the rate at which:
Answer
The RBI lends to banks
996) Which of the following cannot be endorsed?
Answer
A fixed deposit receipt
997) On the basis of which commission was RBI established?
Answer
Hilton Young Commission
998) The Commission charged by a broker is ?
Answer
Brokerage Fee
999) Effective from 15th April, 1980, how many banks with demand and time liabilities exceeding 200 crore were nationalized?
Answer
six
1000) The functions of the lead bank are performed by:
Answer
A bank designed for this purpose