1. On the recommendation of which committee was NABARD established? (a) Shivraman (b) Rangarajan (c) Malegam (d) Vijay Kelkar 2. ‘Swabhiman’, the financial inclusion scheme, comes under the purview of which ministry? (a) Ministry of Commerce (b) Ministry of Home Affairs (c) Ministry of Finance (d) Ministry of External Affairs 3. RBI was established on ___________. (a) April 1, 1925 (b) April 1, 1935 (c) April 1, 1945 (d) April 1, 1955 4. The one-rupee note bears the signature of____________. (a) RBI Governor (b) Deputy Governor (c) Finance Secretary (d) Finance Minister 5. Which among the following does the RBI not decide? (a) CAR (b) CRR (c) Base Rate (d) Bank Rate 6. What does ‘T’ in RTGS stand for? (a) Transaction (b) Transfer (c) Tax (d) Time 7. In banking, IFSC code stands for_________________. (a) International Format System Code (b) Indian Function System Code (c) International Forex System Code (d) Indian Financial System Code 8. If a customer does not get a satisfactory response to his grievance from the bank within _____ days, then he can approach the Banking Ombudsman. (a) 60 (b) 90 (c) 30 (d) 15 9. Which of the following organizations is the Mutual Fund Market regulator? (a) AMFI (b) SEBI (c) CIBIL (d) CRISIL 10. Which of the following statements is incorrect regarding RTGS system? (a) The transactions take place in real time (b) The system operates on DNS (Deferred Net Settlement) basis (c) The minimum amount that can be remitted is Rs. 2 lakh (d) Service charges for RTGS transactions vary from one bank to another 11. Banks have recently launched a service through which money can be transferred using mobile phones. This service is known as (a) MMTF (Mobile Money Transfer Facility) (b) MTMT (Mobile To Mobile Transfer) (c) IMPS (Inter Bank Mobile Payment Service) (d) IBMPS (Internet Banking Mobile Payment Service) 12. Which among the following is at times mentioned as a kind of Direct Debit Facility? (a) ECS (b) RTGS (c) IMPS (d) UTR 13. The discounting rate at which RBI borrows government securities from commercial banks is known as (a) Repo Rate (b) Reverse Repo (c) Deposit Rate (d) Base Rate 14. Which among the following is an instrument of monetary policy used by the RBI? (a) Base Rate (b) PLR (c) CRR (d) BPLR 15. Which among the following statements is incorrect in the context of IMPS? (a) It’s a mobile-to-mobile fund transfer facility (b) For this facility we need a GPS-enabled mobile phone (c) Both the sender and the receiver must have an account in the same bank (d) Both the customers must have an MMID (Mobile Money Identifier Number) number 16. ________is the organization that maintains the borrower’s history in India. (a) CRISIL (b) CIBIL (c) CARE (d) RBI 17. RBI has directed commercial banks to resolve ATM transaction-related complaints within seven working days. If a commercial bank is unable to do so then it has to pay Rs.________per day as compensation. (a) 50 (b) 100 (c) 200 (d) 225 18. RTGS as well as NEFT uses (a) UTR Number (b) MICR (c) IFSC (d) DNS 19. Which of the following statement is incorrect about SEBI? (a) SEBI is a capital market regulator (b) SEBI is the mutual fund regulator (c) SEBI also regulates the credit rating agencies in India (d) None of them is wrong 20. What does liquidity mean? (a) It means how cash is converted into gold (b) It means how cheaply and quickly an asset is converted into cash (c) It means how cash is converted into SDR (Special Drawing Rights) (d) It means how uncertain the money market conditions are 21. SWIFT is a commonly used acronym in the banking industry. The ‘I’ in SWIFT stands for_____________. (a) Interbank (b) International (c) Intercom (d) Indian 22. What does the term Open Market Operations refer to? (a) Selling of equities in the open market (b) Selling of commodities in the open market (c) Buying and selling of government securities in the open market (d) Buying and selling of products in the wholesale market 23. Under which act does RBI issue directives to banks? (a) PMLA Act, 2002 (b) RBI Act, 1934 (c) DICGC Act, 1961 (d) Banking Regulation Act, 1949 24. Which committee recommended the change in the base year of the Wholesale Price Index? (a) Narsimhan committee (b) Vijay Kelkar committee (c) Srikrishna committee (d) Abhijit Sen committee 25. ____________is the base year of the New Consumer Price Index Series. (a) 2009 (b) 2008 (c) 2006 (d) 2010 26. __________________isn’t a method of measurement of National Income. (a) Value-added method (b) Income method (c) Investment method (d) Expenditure method 27. With which among the following countries has India signed a Comprehensive Economic Partnership Agreement (CEPA)? (a) Japan (b) Singapore (c) Malaysia (d) France 28. In India, the commercial banks are required to provide_______%of their ANBC (Adjusted Net Bank Credit) to priority sector. (a) 15 (b) 25 (c) 35 (d) 40 29. What does FSDC stand for? (a) Financial Security and Development Council (b) Financial Stability and Development Council (c) Fiscal Security and Development Council (d) Fiscal Stability and Development Council 30. ___________________has been declared the first ‘total banking state’ in India, successfully implementing the total financial inclusion thereby ensuring banking facility to all households. (a) Maharashtra (b) Kerala (c) Himachal Pradesh (d) Uttarakhand 31. Since April 1, 2012__________has become the validity of cheques and bank drafts. (a) 2 months (b) 3 months (c) 4 months (d) 6 months 32. On what basis is Ad Valorem Tax levied? (a) Volume (b) Value (c) Imports (d) Exports 33. RBI is coming up with the concept of____________to protect banks against possible harmful effects arising from the operations of their non-banking financial subsidiaries. (a) Financial Holding Company (b) Bank Holding Company (c) Bureau of Credit Union (d) Financial Institutions Audit Cell 34. RBI has introduced “Marginal Standing Facility” with the objective of: (a) Controlling Inflation (b) Containing instability in long term inter-bank rates (c) Containing instability in the overnight inter-bank rates (d) All of the above 35. _____________are the beneficiaries of the “Reverse Mortgage Scheme”. (a) Government employees (b) Senior citizens (c) Unemployed persons (d) Persons of BPL category 36. RBI was nationalized in the year (a) 1949 (b) 1952 (c) 1955 (d) 1964 37. Which of the following is/are associated with the fiscal policy? 1.Marginal Standing Facility 2. Devaluation of Currency 3. Market Stabilization Scheme (a) 1 & 2 (b) Only 3 (c) 2 & 3 (d) Only 2 38. When was Liberalized Exchange Rate Management System (LERMS) started in India? (a)1990 (b)1996 (c)1992 (d)1998 39. National income of India is estimated by (a) NCAER (b) Ministry of Statistics (c) Central Statistical Office (d) Ministry of Finance 40. What is understood by Fiduciary Issue of currency? (a) The issue of currency notes without keeping gold or silver as deposit (b) The issue of currency notes keeping gold or silver as deposit (c) The issue of currency notes with partial gold or silver deposits (d) The issue of currency notes with comparative gold or silver deposits 41. _____________is the percentage of total deposits of a bank which it has to keep with itself in the form of liquid assets. (a) Statutory Liquidity Ratio (SLR) (b) Cash Reserve Ratio (CRR) (c) Statutory Reserve Ratio (d) Cash Ratio 42. The exchange rate in India is dependent upon: 1. Government policy 2. Demand-supply forces 3. Monetary policy objectives (a) Only 2 (b) 2 & 3 (c) 1 & 2 (d) 1, 2 & 3 43. Collateralized Borrowing and Lending Obligation (CBLO) is a/an ________. (a) Money Market Instrument (b) Instrument of Monetary Policy (c) Type of Risk Cover (d) Stock Market Instrument 44. Often, we read in newspapers that the RBI has changed the Repo rate and the Reverse Repo rate by a few basis points. What is a basis point? (a) Ten % of one hundredth point (b) One hundredth of 1% (c) One tenth of 1% (d) Ten % of 100 45. Banks generally don’t pay interest on money deposited in which of the following accounts? (a) Savings account (b) Current account (c) Fixed deposit account (d) None of these 46. ‘FiatMoney’ is defined as the money which is (a) Accepted internationally (b) Accepted temporarily in lieu of gold (c) Issued by keeping gold or silver as deposit (d) Decreed as money by the government 47. Demand-pull inflation can be caused by which of the following? (a) A decline in consumption expenditure (b) A sharp increase in lending rates (c) A steep decline in income tax (d) An increase in direct taxation 48. For obtaining which among the following does a customer not require a bank account? (a) A loan (b) A cheque (c) A banker’s draft (d) A credit card 49. RBI isn’t expected to perform the role of (a) Acting as a clearing house (b) Working as a banker to the government (c) Managing forex (d) Accepting deposits from general public 50. For paying which among the following will a bank standing order be suitable? (a) Telephone bills (b) Electricity bills (c) Grocery bills (d) Mortgage repayments 51. A bank draft can be defined as a/an (a) Letter from commercial bank (b) Cheque drawn on the bank itself (c) Direction to a banker to collect a customer’s debt (d) Instruction to dishonour a stop payment 52. When RBI sells government securities, its result is that (a) The liquidity in the banking system increases (b) The liquidity in the banking system remains unchanged (c) The liquidity in the banking system gets diminished (d) None of the above 53. It has been made mandatory for NBFCs to get themselves registered with …… before July 8, 1997. (a) RBI (b) SEBI (c) Ministry of Finance (d) CBDT 54. Which of the following is not an instrument in the hands of the RBI to check inflation in our country? (a) Open Market Operations (OMO) (b) Special Drawing Rights (SDR) (c) Bank Rate (BR) (d) Cash Reserve Ratio (CRR) 55. In India, which among the following is/are a part of Legal Tender Money? (a) Both coins and currency notes (b) Both coins and bank drafts (c) Both currency notes and SDRs (d) Only currency notes issued by RBI 56. __________has become the first state in India to launch RBI’s e- payment system for commercial tax payers. (a) Goa (b) Kerala (c) Karnataka (d) Maharashtra 57. In which among the following types occurs the Interest Rate Risk? (a) Credit risk (b) Market risk (c) Operational risk (d) All the above 58. Which among the following is true regarding Forex (Foreign Exchange) markets? (a) Foreign exchange markets are a type of localized markets (b) Foreign exchange markets operate within the time zone of region (c) Foreign exchange markets are dynamic and round-the-clock markets (d) Foreign exchange markets are used only for business transactions 59. Securities Trading Corporation of India Limited (STCI) has been promoted jointly by __________and Public sector Banks. (a) SEBI (b) RBI (c) SIDBI (d) ICICI Ltd 60. ____________is an agreement under which an issuing bank at the request of the importer undertakes to make payment to the exporter against certain specified documents. (a) Bill of exchange (b) Letter of exchange (c) Letter of credit (d) Bill of entry 61. ____________is the duty applied by a government to control the exports of an article of trade, so that the article of trade can be used by the local markets rather than in foreign countries. (a) Customs duty (b) Excise duty (c) Anti-dumping duty (d) Dumping duty 62. ____________________finalizes the market-borrowing programmes of state governments in India. (a) State governments (b) RBI (c) Union Ministry of Finance (d) Planning Commission 63. Which among the following is not incorrect? (a) Money market provides long term source of finance (b) Recession in the industrial sector in India is normally due to a fall in exports (c) Ways and means advances given by RBI are nowhere related to the state’s revenue (d) Exchange rate is fixed by RBI 64. We have read in the newspapers that the Government of India has signed a DTAA to broaden the scope of article of exchange of information to include exchange of banking information. What does DTAA stand for? (a) Double taxation article agreement (b) Double taxation avoidance agreement (c) Double taxation avoidance arrangements (d) Dual tax agreement arrangement 65. Which of the statements mentioned below is/are correct? 1. T-bills are issued by the Government of India on behalf of the RBI 2. T-bills are short-term money market instruments 3. T-bills cannot be purchased by a resident of India (a) All are correct (b) 2 & 3 are correct (c) Only 2 is correct (d) Only 3 is correct 66. Which of the following is an incorrect statement? (a) Reverse Repurchase operation by RBI is aimed at increasing the liquidity in the banking system (b) Special Drawing Rights (SDR) are issued by IMF (c) Rupee appreciation results in decrease in imports (d) Increase in the inflation rate leads to decline in real interest rate 67. What purpose does the MICR number, which is present on a cheque, serve? (a) It is used to identify the genuineness of the cheque (b) It is used to identify the bank branch (c) It is nothing but a type of cheque number (d) Both (a) and (b) 68. In TRIPS, what does ‘I’ stand for? (a) Intellectual (b) Information (c) Indian (d) Infra 69. Insurance companies use the bank sales channels to sell their products. Which of the following terms describes this selling process? (a) Scheduled banking (b) Scheduled Insurance (c) Bankinsuring (d) Bancassurance 70. Which of the following acts is useful in controlling HAWALA transactions? (a) FEMA Act (b) RBI Act (c) DICGC Act (d) Banking Regulation Act 71. What does the term SME stand for? (a) Small and Micro Enterprises (b) Small and Medium Enterprises (c) State and Medium Economy (d) Small and Medium Economy 72. ‘CAMELS’ is a type of Bank Rating System. In CAMELS, what does ‘C’ stand for? (a) Currency (b) Compensation (c) Capital Adequacy (d) Capitalisation 73. A Eurobond is (a) A bond released in a currency of the European countries (b) A bond released in an Indian currency in European nations (c) A bond released in Euro in our country (d) A bond released in a currency other than the currency of the country in which it is issued 74. In banking parlance, ‘NPA’ stands for (a) Non Performing Asset (b) Net Producing Asset (c) Net Performing Asset (d) Not Promoting Asset 75. LAF is an indirect instrument of monetary policy, which is used by \RBI to regulate the liquidity in banking system. ‘LAF’ stands for: (a) Liquidity Adjustment Facility (b) Liquidity Account Facility (c) Liquidity Allotment Facility (d) Long Adjustment Facility 76. On the basis of which commission was RBI established? (a) Hilton Young Commission (b) British Commission (c) Federal Commission (d) Federation Commission 77. Life insurance and general insurance companies like LIC, ICICI Prudential, ICICI Lombard, National Insurance etc. are regulated by which organisation? (a) RBI (b) PFRDA (c) IRDA (d) IBA 78. Bank rate is defined as the (a) Rate of interest charged by commercial banks from borrowers (b) Rate of interest at which RBI lends money to banks against government securities (c) Rate of interest allowed by commercial banks on their deposits (d) Rate at which RBI purchases or rediscounts bills of exchange of commercial banks 79. An IDR (Indian Depository Receipt) is (a) An instrument of monetary policy used by RBI (b) A deposit account with a depository in India (c) An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company (d) An instrument in the form of deposit receipt issued by an Indian depository 80. Fiscal deficit is_______ (a) total income less government borrowing (b) total payments less total receipts (c) total payments less capital receipts (d) total expenditure less total receipts excluding borrowing 81. _____________are NOT a part of the Scheduled Banking structure in India. (a) Money lenders (b) Public sector banks (c) Private sector banks (d) Regional rural banks 82. ‘MAT’ is an acronym which stands for (a) Maximum Alternate Tax (b) Minimum Alternate Tax (c) Minimum Affordable Tax (d) Maximum Affordable Tax 83. Often, we read in the newspapers that several Indian companies are taking the FCCB route to raise capital. What does the term FCCB stand for? (a) Foreign Currency Convertible Bond (b) Foreign Convertible Credit Bond (c) Financial Consortium and Credit Bureau (d) Future Credit and Currency Bureau 84. Which of the following interest rates signifies RBI’s long term stance of monetary policy? (a) Repo Rate (b) CRR (c) Bank Rate (d) Reserve Repo Rate 85. As per RBI instructions, places having a population of 2000 and above have to be provided with banking facilities by (a) March 2011 (b) March 2012 (c) March 2013 (d) March 2015 86. ________________was the main objective of the Fiscal Responsibility and Budget Management Act, 2003 (a) Achieving fiscal surplus (b) Eliminating revenue deficit (c) Eliminating fiscal deficit (d) Stopping money laundering 87. DEPB (Duty Entitled Passbook) scheme which ended in September 2011 was related to (a) Foreign direct investment (b) Foreign institutional investment (c) Export promotion (d) Import substitution 88. Recently, the Ministry of commerce has introduced a new “NiryatBandhu” scheme for the guidance andmentoring of first generation entrepreneurs. Who are the NiryatBandhus”? (a) Entrepreneurs (b) Officers (c) Agents (d) Export assistants 89. In capital markets, the term arbitrage is used in reference to the (a) purchase of securities to cover the sale (b) sale of securities to reduce the loss on purchase (c) concomitant sale and purchase of securities to make profits from price (d) variation in different markets 90. If RBI wants to limit the capital outflows and control currency depreciation, which of the following would be the most viable action? (a) Increase interest rates (b) Decrease interest rates (c) Purchase government bonds (d) Decrease statutory liquidity ratio 91. The buying of shares and bonds of Indian firms by foreign institutional investors is known as (a) FDI (b) Portfolio investment (c) NRI investment (d) Foreign indirect investment 92. The Financial Sector Assessment Program (FSAP) is a comprehensive and in-depth analysis of a country’s financial sector. Which among the following bodies conducts this programme? (a) International Monetary Fund (b) G-20 (c) World Economic Forum (d) World Bank 93. The ability of commercial banks to increase their deposits by expanding their loans and advances is known as (a) Capital expansion (b) Credit expansion (c) Credit control (d) Credit creation 94. Which among the below mentioned is/are dealt by the Indian Capital Market? 1. Short-term funds 2. Medium-term funds 3. Long-term funds (a) 1 & 2 (b) 2 & 3 (c) 1 & 3 (d) 1, 2 & 3 95. Net Interest Income is defined as the (a) Interest earned on advances (b) Interest earned on investments (c) Total interest earned on advances on advances and investment (d) Difference between interest earned and interest paid 96. ‘KYC’ (Know Your Customer) norms were implemented in the Indian banking system in 2002 as per the directive of (a) SEBI (b) RBI (c) IBA (d) IRDA 97. ___________ has got RBI’s nod to issue prepaid card to its clients. (a) LIC (b) SIDBI (c) NABARD (d) GIC 98. If there is an inflationary trend in the economy, what would be the trend in the pricing of banking services? (a) Increasing trend (b) Decreasing trend (c) Constant trend (d) There is no relevance of inflation in pricing of the banking products 99. The SBI (Amendment) Bill-2010, which was passed by the parliament, reduces the statutory minimum shareholding of the Central Government in the bank from _______%to ______ %. Which among the following figures fills the blanks correctly? (a) 59, 52 (b) 55, 51 (c) 59, 55 (d) 62, 51 100. Inflation happens when there are (a) fewer goods and more buyers (b) more goods and fewer buyers (c) fewer goods and fewer buyers (d) more goods and more buyers
Posted on: Sun, 05 Oct 2014 04:20:22 +0000
Trending Topics
Recently Viewed Topics
© 2015