BANKING AWARENESS 1. Who headed the committee which submitted its report on February 7, 2014 regarding Financial Bench Marks (appointed by RBI )? a) Prakash Bakshi b) Damodaran c) Vijaya Bhaskar d) D.Subba Rao e) None of the above 2. Which among the following is correct and full form of CAS in context with banking markets in India? a) Cash Authorized Scheme b) Credit Authorized Scheme c) Credit Access System d) Credit Arrangement System e) Cash Accreditation Scheme 3. Money laundering refers to which of the following? a) Conversion of assets into cash b) Conversion of Black money gained from illegal activities to white money c) Conversion of cash into gold d) Conversion of gold into cash e) Conversion of shares into cash 4. Account for conversion of physical securities into electronic form is know as? a) NRI Account b) Foreign Account c) Trio Account d) Current Account e) DEMAT(Dematerialisation)Account 5. What is Hot Money? a) Flow of funds (or capital) from one country to another in order to earn a short-term profit on interest rate differences and/or anticipated exchange rate shifts. b) Hard Currency c) Soft Currency d) Foreign Assets e)All of these 6. RBI has decided to prescribe a minimum CRAR for StCBS /CCBs of 9% to be achieved in a phased manner over a period of 3 years as indicated below a) 3 years b) 4 years c) 5 yeasrs d) 2 years e) No such restrictionsakshieducation 7. PFRDA stands for? a) Provident Fund Regulatory and Development Authority b) Preferential Fund Regulatory and Development Authority c) Permanent Fund Regulatory and Development Authority d) Pension Fund Regulatory and Development Authority e) None of these 8. The main function IMF is to? a) Finance investment loans to development countries b) Act as a private sector lending arm of the World Bank c) Help to solve Balance of payment problems of members countries d) Arrange International deposits from Banks e) None of these 9. Which of the following public sector banks has the largest number of Branches in foreign countries? a) Bank of India b) Bank of Baroda c) Punjab National Bank d) Corporation Bank e) None of the above 10. Which of the following assets are considered as Near Money? a) Bond b) Equity shares c) Time deposits d) Travellers cheque e) All of the above 11. What is an Indian Depository Receipt? a) A deposit account with a Public Sector Bank b) A depository account with any of Depositories 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 Indian depositories e) None of these 12. Which of the following cannot be called as a value added service offered by a Bank ? a) Special Account for poor sections of society b) Accident Insurance cover c) Instant Credit of Outstation cheques d) Free cheque books e) All of these 13. Which of the following is NOT the feature of Real Time Gross Settlement (RTGS) ? a) Payments are settled transaction by transaction b) Settlement of funds is revocable c) Settlement is done in real time d) It is a fully secured system which uses digital signatures and public Key encryption for safe and secure message transaction e) None of these 14. Standard & Poor is a? a) Bank b) Non-Banking Finance Company c) Stock Market Agency d) Credit Rating Agency e) RBI advisory body 15. In Banking System, which of the following Act was framed specially to speed up recoveries Non - Performing Assets? a) SARFAESI Act b) Banking Regulation Act c) Foreign Exchange Management Act d) Industrial Disputes Act e) None of these 16. In context with the Business and Banking, what is CRAR ? a) Capital to Risk Asset Ratio b) Credit to Risk Asset Ratio c) Credit to Risk Assessment Ratio d) Capital to Risk Assessment Rate e) Credit Rate Assessment Ratio 17. What is Mixed farming: a) Cultivating 2 crops simultaneously b) Cultivating in 2 types of soils c) Cultivating crops and allied activities d) Cultivating 2 crops in a year e) None of these 18. The Asian Development Bank Headquarters is located at? a) Tokyo b) Manila c) New Delhi d) Colombo e) New York 19. Buyers market denotes? a) Excess of supply over demand b) Equal supply and demand c) Commodities being available at competitive rates d) Demand exceeding supply e) None of these 20. RBI introduced Banking Ombudsman scheme in which year? a) 1935 b) 1965 c) 1995 d) 2001 e) 2005 21. Who is not eligible for Internet banking? a) Joint account operation severally b) Minor account operated by Guardian c) Illiterate d) Female depositors e) None of these 22. Which of the following is NOT viewed as national debt ? a) Life Insurance policies b) Long term Govt Bonds c) National savings certificates d) Provident Fund e) None of these 23. Industrial exit policy means? a) Forcing foreign companies to leave India b) Forcing Business units to move out of congested localities c) Allowing manufactures to shift their line of product d) Allowing business units to close down e)None of these 24. National Stock Exchange is located in ? a) New Delhi b) Chennai c) Mumbai d) Kolkata e) None of these 25. Who is the New Chair Person for Central Board of Direct Taxes, Appointed on 9th Feb 2014? a) Sudha Sharma b) R.K Tiwari c) Thomas David d) Lopez Mark e) Nandan Nilekani 26. Name the expert committee formed by RBI on 20th Jan 2014, to review the governance of Bank Boards in India inclu- ding examining the ownership and salary structure of Banks? a) Arun Tiwari (CMD of Union Bank) b) K R Kamath (CMD of PNB) c) VR Iyar (CMD of Bank of India) d) PJ NAIK (former Chairman and CEO of Axis bank) e) MV Nayar 27. Jatinder Bir singh, an IAS officer has been appointed as the CMD of? a) Steel Authority of India Ltd b) Bharat Heavy Electricals Ltd c) Union bank of India d) Punjab and Sindh Bank e) None of the above 28. In respect of Interest Subsidy on Educational Loans, the parent income ceiling from all sources should not be more than Rs.______ lacs per annum. a) Rs.2.50 lakhs b) Rs.4.50 lakhs c) Rs.5.50 lakhs d) Rs.7.50 lakhs e) None of the above 29. Sugam is scheme launched for - a) Small tax payers b) Pensioners getting old age pension c) Big corporate houses d) Retired Government Employees e) None of these 30. INFINET stands for? a) International Financial Network b) Indoor Financial Network c) Indian Financial Network d) Internet Financial Network e) None of these 31. What is the full form of the term OBU? a) Other backward units b) Overseas banking units c) Off-shore Banking units d) Off-shore business units e) None of these 32. CASA Deposits relates to a) Only Savings Deposits b) Recurring Deposits c) Only Flexi deposits d) Demand Deposits(SB and Current Account) e) Fixed Deposits Key 1) c 2) b 3) b 4) e 5) a 6) a 7) d 8) c 9) b 10) e 11) c 12) d 13) b 14) d 15) a 16) a 17) c 18) b 19) a 20 ) c 21) c 22) a 23) d 24) c 25) b 26) d 27) d 28) b 29) a 30) c 31) c 32) d
Posted on: Tue, 02 Sep 2014 17:51:46 +0000
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