Indian School of Banking & Technology (ISBT) Dear Banking Aspirants we prove YOU Special Banking Awareness Capsul For 24 & 25 th Jan. NICL Exam.-2015 1. Which of the following cannot be called a Debt Instrument asreferred in financial transactions ? 1) Certificate of Deposits. 2) Bonds. 3) Stocks 4) Commercial Papers. 5) Loans. 2. Which of the following services provided by a bank in India is not liable for Service Tax as per existing laws? 1) Safe Deposit Lockers. 2) Merchant Banking Services. 3) Credit Cards. 4) Discount earned on certain discounted bills 5) None of these. 3. A customer can approach banking ombudsman if he does not get satisfactory response to his grievance from the bank within how many days? 1) 10 days 2) 20 days 3) 8 days 4) 30 days 5) 60 days 4. IRDA was incorporated in the year ________ 1) 1998 2) 1999 3) 2000 4) 2001 5) None of these 5. What is the full text of FRBM ? 1) Financial Responsibility and Business Management 2) Fiscal Responsibility and Business Management 3) Financial Responsibility and Budget Management 4) Fiscal Responsibility and Budget Management 5) None of these 6. The govt. approved creation of the Special National Investment Fund for meeting the minimum public shareholding requirement of 10 per cent in six Central Public Sector Enterprises (CPSEs) because: 1) These PSUs are not keen to comply with the Sebi norms. 2) The govt is not willing to lose its control over these companies. 3) These PSUs are newly established and lack any track record to attract public investment. 4) These PSUs are not financially sound. 5) None of these 7. The Foreign Exchange Reserves of India are kept in the custody of - . 1) World Bank 2) International Monetary Fund 3) Prime Minister 4) Reserve Bank of India 5) None of these 8. CENVAT is related to : 1)Sales Tax 2) Excise Duty 3) Customs Duty 4) Service Tax 5) None of these 9. Which of the following is the full form of ‘BRA’ as used in banking industry ? 1) Brazilian and Russian Association. 2) Banking Restructuring Act. 3) Borrowing Risk Assessment. 4) Banking Regulation Act. 5) None of these. 10. Which of the following is/are different categories of inflation ? (1) Open and Suppressed. (2) Cost-push (3) Demand-pull. 1) Only (1) 2) Both (1) & (2) 3) Both (2) & (3) 4) All (1),(2) &(3) 5) None of these 11. The formal or institutional credit delivery system in rural india comprises which of the following ? (1) Cooperative Credit Institutions. (2) Commericial Banks. (3) Self-Help Groups 1) Only (1) &(2) 2) Only (3) & (4) 3) All (1), (2), (3) & (4). 4) Only (1), (2) & (3) 5) None of these. 12. “Express Remit” is the brand name of a remittance facility of which of the following banks? 1) State Bank of India 2) Punjab National Bank 3) Bank of Baroda 4) ICICI Bank 5) HDFC Bank 13. A customer wishes to purchase some US dollars in india.He/she should go to 1) Public Debt Division of the RBI only. 2) American Express Bank only 3) RBI or any branch of a bank which is authorized for such business. 4) Ministry of Foreign Affairs. 5) None of these. 14. Which of the following financial products are not much popular in india as they hav been launched only recently ? 1) Development Bonds 2) Insurance Policies. 3) Mutual Funds. 4) Sovereign Wealth Funds. 5) None of these 15. Economic growth is usually coupled with ---. 1) Deflation 2) Inflation 3) Stagflation 4) Hyperinflation 5) Corruption ANSWERS of the above questions availabe in our website, isbtonline
Posted on: Mon, 19 Jan 2015 07:05:37 +0000
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