1. What is the maximum amount that can be deposited in
Sukanya Samridhi Account (SSA)?
1) Rs 1 lakh per annum
2) Rs 1.5 lakh per annum
3) Rs 10 lakh per annum
4) Rs 5 lakh per annum
5) No limit
2. Which of the following is an association of banks dealing in foreign exchange as a self regulatory body?
1) IBA
2) SEBI
3) FEMA
4) FEDAI
5) None of these
3. Which of the following statements is not correct?
1) Bank deposits are insured by DICGC for a maximum amount of Rs. 1 lakh per depositor per bank
2) Prakash Javadekar is the present Union Human Resources Development Minister
3) Pradhan Mantri Fasal Bima Yojana is a crop insurance scheme
4) International day of Yoga is celebrated on June 21
5) Bank of Baroda is the first public sector bank to offer wealth management service
4. Which is the sole reinsurance company in India?
1) Life Insurance Corporation
2) National Insurance Company
3) General Insurance Corporation
4) New India Assurance Company
5) None of these
5. The rate of interest on savings account deposits is decided by?
1) RBI
2) Ministry of Finance
3) IBA
4) Individual Banks
5) None of these
6. The Monetary Policy Committee (MPC) is headed by the?
1) Finance Minister
2) Vice Chairman of NITI Aayog
3) CEO of NITI Aayog
4) Finance Secretary
5) RBI Governor
7. How many entities were given licenses for setting up small finance banks by the Reserve Bank
of India out of a total of 72 applicants?
1) 15
2) 22
3) 25
4) 10
5) None of these
8. A Banking Ombudsman is appointed by the?
1) President of India
2) Finance Minister
3) RBI
4) Lead Bank of the State
5) None of these
9. What is the full form of MUDRA?
1) Micro Units Development and Regulating Agency
2) Micro Units Development and Registration Agency
3) Major Units Development and Refinance Agency
4) Micro Units Development and Refinance Agency
5) None of these
10. The Central Board of Direct Taxes (CBDT) has launched which of the following, for online redressal of taxpayers' grievances?
1) e - abhay
2) e - nivaran
3) e - tax
4) e - IT
5) e - grievances
11. SETU (Self-Employment and Talent Utilization) is a program that supports all aspects of start up businesses and other selfemployment activities. It is established under?
1) NABARD
2) SIDBI
3) RBI
4) NITI Aayog
5) None of these
12. The Reserve Bank of India prepares Financial Stability Report every?
1) Three months
2) Six months
3) Year
4) Month
5) Two years
13. ONICRA is a leading?
1) Non Banking Financial Company
2) Credit and Performance Rating Agency
3) White Label ATM Operator
4) Asset Reconstruction Company
5) None of these
14. Which of the following is not a financial regulator in India?
1) RBI
2) SEBI
3) IRDA
4) PFRDA
5) IBA
15. When a bank returns a cheque unpaid, it is called?
a) Payment of the cheque
b) Drawing of the cheque
c) Cancelling of the cheque
d) Dishonour of the cheque
e) Taking of the cheque
16. RBI pays interest on CRR balances of banks at _____.
a) Bank Rate
b) Repo Rate
c) Bank Rate minus 2%
d) Zero %
e) None of the above
17. The Bank should comply and intimate the compliance of Award to Ombudsman within ______
a) 2 Months
b) 3 months
c) One month
d) One year
e) None of the above
18. What are the features of selective credit control?
a) They distinguish between essential and nonessential uses of Bank credit
b) Only nonessential uses are brought under the scope of Credit Bank controls
c) They affect not only the lenders but also the borrowers
d) All the above
e) None of the above
19. Which of the following are the targets for different categories of priority sector?
a) Overall target 40% of net Bank credit
b) Agriculture loans (direct and indirect) 18%
c) Priority sector target for foreign Banks is 32%
d) All of the above
e) None of the above
20. Which of the following can be called as intermediary in the Financial System?
a) Insurance companies
b) Banking companies
c) Mutual funds
d) All of the above
e) None of the above
21. A depositor wants to give nomination in favour of a Needy Charitable Trust. Is it acceptable to the banker?
a) Yes, anyone can be a nominee
b) No, only a blood relative should be a nominee
c) As per the discretion of the Branch Manager
d) No, as per Nomination Guide lines only Individuals can be nominated as Nominee and not institutions
e) None of the above
22. Which of the following is not an India based credit rating agency?
a) CRISIL
b) CARE
c) Standard & Poor
d) ICRA
e) None of the above
23. SMERA is an SME Rating Agency in India meant for?
a) Rating on credit worthiness of MSME
b) Rating on Quality Management
c) Rating on Training System
d) Rating on Technology usage in the organization
e) None of the above
24. Which of the following is not insured by the DICGC?
a) All Indian commercial Banks
b) Foreign Banks branches functioning in India
c) Local Area Banks
d) Cooperative Banks
e) Primary cooperative societies
25. Which of the following is not a feature of Recurring Deposit Account?
a) Rate of interest will be higher than Savings Bank Account
b) Loan facility is available on Recurring Deposit
c) No TDS on the interest earned
d) Premature closure of the Recurring Deposit Account is not allowed
e) None of the above
26. Cash Reserve Ratio is to be maintained by banks with reference to which of the following?
a) Time liabilities
b) Demand liabilities
c) Time and demand liabilities
d) Net demand and time liabilities
e) None of the above
27. What is the minimum CRR as per the relevant Act?
a) No minimum
b) 4%
c) 3%
d) 6%
e) 8%
28. Which of the following is not true in case of SARFAESI Act 2002?
a) Banks can take action of recovery of loan, in case of NPA, without intervention of court
b) Minimum Rs 1.00 lakh overdue should be in the loan account
c) Sixty days notice to be given under the Act to the defaulted borrower
d) SARFAESI Act can be implemented even if one installment in term loan is overdue
e) All of the above
29. The main function of an Asset Management Company is:
a) Hold the securities of various schemes
b) Manage the funds by making investments in various types of securities
c) Hold its property for the benefit of the unit holders
d) Act on behalf of SEBI
e) All of the above
30. Which kind of assistance is provided by EXIM Bank to Indian Companies?
a) Direct loans to exporters
b) Technology services
c) Credit for export of capital goods
d) a and b
e) All of the above
31. Which of the following includes "banking business" as per Banking Regulation Act?
a) Acceptance of deposit
b) Collection of bills
c) Buying of foreign exchange
d) All of the above
e) None of the above
32. Which of the following acts deals with the Right of Appropriation?
a) Indian Contract Act
b) Companies Act
c) Negotiable Instruments Act
d) All of the above
e) None of the above
33. Depositories hold shares in _ form:
a) Physical
b) Dematerialized
c) Either a or b
d) Both a and b
e) None of the above
34. What is the full form of NBMSME?
a) National Bank for Micro, Small and Medium Enterprises
b) National Board for Micro, Small and Medium Enterprises
c) National Board for Micro, Selected Medium Enterprises
d) National Bank for Medium and selected Medium Entrepreneurs
e) None of the above
35. Mr Kanungo is appointed as RBI Deputy Governor (who is presently Executive Director in
the central bank) will replace Mr._______ , Deputy Governor.
a) Viral Achary
b) NS Vishwanathan
c) R.Gandhi
d) S.S.Mundra
e) None of the above
36. Which type of machine is used by Business Correspondents?
a) Micro ATMs
b) POS
c) Biometric Card Reader
d) Solar empowered
e) Water resistant
37. _____ provides Clearing House facilities for netting of Payments and Security delivery:
a) Primary dealers
b) Banks
c) Stock exchanges
d) All of the above
e) None of the above
38. ____ is the regulatory authority for Mutual funds:
a) IRDA
b) SEBI
c) RBI
d) Ministry of Corporate affairs
e) All of the above
39. The Main activity of the Financial Intelligence Unit India (FIUIND) is to control:
a) Tax Evasion
b) Money Laundering
c) Terrorism
d) Avoiding NPAs
e) Avoiding frauds in ATMs
40. Primary dealers deal in:
a) Shares
b) Insurance
c) Government securities
d) None of the above
e) All of the above
41. The main function of an Asset Management Company is to:
a) hold the securities of various schemes
b) manage the funds by making investments in various types of securities
c) hold its property for the benefit of the unit holders
d) act on behalf of SEBI
e) All the above
42. What is the purpose of reduction in Cash Reserve Ratio (CRR)?
a) Reduce Credit Flow
b) Enhance Credit Flow
c) Enhance availability of cash
d) Reduce Cash transactions
e) None of the above
43. In India, conventionally, bonds are issued by institutions in ____ sector while debentures by corporate in ____ sector.
a) private, public
b) public, private
c) either a or b
d) cooperative, NBFC
e) None of the above
44. Who notifies Foreign Trade Policy?
a) RBI
b) DGFT
c) Govt. of India
d) ECGC
e) None of the above
45. Cash kept in the currency chest is owned by?
a) Currency Chest branch bank
b) State Bank of India
c) Central Government
d) Reserve Bank of India
e) None of the above
46. Expand the term LIBOR as used in financial banking sectors?
a) Local Indian Bank Offered Rate
b) London-India Bureau of Regulations
c) Liberal International Bank Official Ratio
d) London Inter Bank Offered Rate
e) None of the above
47. Which one of the following rates is NOT decided by the RBI?
a) Bank Rate
b) Repo Rate
c) Reverse Repo Rate
d) Income Tax Rates
e) Only a & b
48. When more than one bank is allowing credit facilities to one party in coordination with each
other under a formal arrangement, the arrangement is generally known as:
a) Participation
b) Consortium
c) Syndication
d) Multiple Banking
e) All the above
49. The headquarters of International Monetary Fund is ___
a) Geneva
b) Paris
c) London
d) Manila
e) Washington
50. Who is the new chairman of SEBI?
a) Ajay Yogi
b) UK Sinha
c) TS Vijayan
d) G Srinivasan
e) None of the above
1) Rs 1 lakh per annum
2) Rs 1.5 lakh per annum
3) Rs 10 lakh per annum
4) Rs 5 lakh per annum
5) No limit
2. Which of the following is an association of banks dealing in foreign exchange as a self regulatory body?
1) IBA
2) SEBI
3) FEMA
4) FEDAI
5) None of these
3. Which of the following statements is not correct?
1) Bank deposits are insured by DICGC for a maximum amount of Rs. 1 lakh per depositor per bank
2) Prakash Javadekar is the present Union Human Resources Development Minister
3) Pradhan Mantri Fasal Bima Yojana is a crop insurance scheme
4) International day of Yoga is celebrated on June 21
5) Bank of Baroda is the first public sector bank to offer wealth management service
4. Which is the sole reinsurance company in India?
1) Life Insurance Corporation
2) National Insurance Company
3) General Insurance Corporation
4) New India Assurance Company
5) None of these
5. The rate of interest on savings account deposits is decided by?
1) RBI
2) Ministry of Finance
3) IBA
4) Individual Banks
5) None of these
6. The Monetary Policy Committee (MPC) is headed by the?
1) Finance Minister
2) Vice Chairman of NITI Aayog
3) CEO of NITI Aayog
4) Finance Secretary
5) RBI Governor
7. How many entities were given licenses for setting up small finance banks by the Reserve Bank
of India out of a total of 72 applicants?
1) 15
2) 22
3) 25
4) 10
5) None of these
8. A Banking Ombudsman is appointed by the?
1) President of India
2) Finance Minister
3) RBI
4) Lead Bank of the State
5) None of these
9. What is the full form of MUDRA?
1) Micro Units Development and Regulating Agency
2) Micro Units Development and Registration Agency
3) Major Units Development and Refinance Agency
4) Micro Units Development and Refinance Agency
5) None of these
10. The Central Board of Direct Taxes (CBDT) has launched which of the following, for online redressal of taxpayers' grievances?
1) e - abhay
2) e - nivaran
3) e - tax
4) e - IT
5) e - grievances
11. SETU (Self-Employment and Talent Utilization) is a program that supports all aspects of start up businesses and other selfemployment activities. It is established under?
1) NABARD
2) SIDBI
3) RBI
4) NITI Aayog
5) None of these
12. The Reserve Bank of India prepares Financial Stability Report every?
1) Three months
2) Six months
3) Year
4) Month
5) Two years
13. ONICRA is a leading?
1) Non Banking Financial Company
2) Credit and Performance Rating Agency
3) White Label ATM Operator
4) Asset Reconstruction Company
5) None of these
14. Which of the following is not a financial regulator in India?
1) RBI
2) SEBI
3) IRDA
4) PFRDA
5) IBA
15. When a bank returns a cheque unpaid, it is called?
a) Payment of the cheque
b) Drawing of the cheque
c) Cancelling of the cheque
d) Dishonour of the cheque
e) Taking of the cheque
16. RBI pays interest on CRR balances of banks at _____.
a) Bank Rate
b) Repo Rate
c) Bank Rate minus 2%
d) Zero %
e) None of the above
17. The Bank should comply and intimate the compliance of Award to Ombudsman within ______
a) 2 Months
b) 3 months
c) One month
d) One year
e) None of the above
18. What are the features of selective credit control?
a) They distinguish between essential and nonessential uses of Bank credit
b) Only nonessential uses are brought under the scope of Credit Bank controls
c) They affect not only the lenders but also the borrowers
d) All the above
e) None of the above
19. Which of the following are the targets for different categories of priority sector?
a) Overall target 40% of net Bank credit
b) Agriculture loans (direct and indirect) 18%
c) Priority sector target for foreign Banks is 32%
d) All of the above
e) None of the above
20. Which of the following can be called as intermediary in the Financial System?
a) Insurance companies
b) Banking companies
c) Mutual funds
d) All of the above
e) None of the above
21. A depositor wants to give nomination in favour of a Needy Charitable Trust. Is it acceptable to the banker?
a) Yes, anyone can be a nominee
b) No, only a blood relative should be a nominee
c) As per the discretion of the Branch Manager
d) No, as per Nomination Guide lines only Individuals can be nominated as Nominee and not institutions
e) None of the above
22. Which of the following is not an India based credit rating agency?
a) CRISIL
b) CARE
c) Standard & Poor
d) ICRA
e) None of the above
23. SMERA is an SME Rating Agency in India meant for?
a) Rating on credit worthiness of MSME
b) Rating on Quality Management
c) Rating on Training System
d) Rating on Technology usage in the organization
e) None of the above
24. Which of the following is not insured by the DICGC?
a) All Indian commercial Banks
b) Foreign Banks branches functioning in India
c) Local Area Banks
d) Cooperative Banks
e) Primary cooperative societies
25. Which of the following is not a feature of Recurring Deposit Account?
a) Rate of interest will be higher than Savings Bank Account
b) Loan facility is available on Recurring Deposit
c) No TDS on the interest earned
d) Premature closure of the Recurring Deposit Account is not allowed
e) None of the above
26. Cash Reserve Ratio is to be maintained by banks with reference to which of the following?
a) Time liabilities
b) Demand liabilities
c) Time and demand liabilities
d) Net demand and time liabilities
e) None of the above
27. What is the minimum CRR as per the relevant Act?
a) No minimum
b) 4%
c) 3%
d) 6%
e) 8%
28. Which of the following is not true in case of SARFAESI Act 2002?
a) Banks can take action of recovery of loan, in case of NPA, without intervention of court
b) Minimum Rs 1.00 lakh overdue should be in the loan account
c) Sixty days notice to be given under the Act to the defaulted borrower
d) SARFAESI Act can be implemented even if one installment in term loan is overdue
e) All of the above
29. The main function of an Asset Management Company is:
a) Hold the securities of various schemes
b) Manage the funds by making investments in various types of securities
c) Hold its property for the benefit of the unit holders
d) Act on behalf of SEBI
e) All of the above
30. Which kind of assistance is provided by EXIM Bank to Indian Companies?
a) Direct loans to exporters
b) Technology services
c) Credit for export of capital goods
d) a and b
e) All of the above
31. Which of the following includes "banking business" as per Banking Regulation Act?
a) Acceptance of deposit
b) Collection of bills
c) Buying of foreign exchange
d) All of the above
e) None of the above
32. Which of the following acts deals with the Right of Appropriation?
a) Indian Contract Act
b) Companies Act
c) Negotiable Instruments Act
d) All of the above
e) None of the above
33. Depositories hold shares in _ form:
a) Physical
b) Dematerialized
c) Either a or b
d) Both a and b
e) None of the above
34. What is the full form of NBMSME?
a) National Bank for Micro, Small and Medium Enterprises
b) National Board for Micro, Small and Medium Enterprises
c) National Board for Micro, Selected Medium Enterprises
d) National Bank for Medium and selected Medium Entrepreneurs
e) None of the above
35. Mr Kanungo is appointed as RBI Deputy Governor (who is presently Executive Director in
the central bank) will replace Mr._______ , Deputy Governor.
a) Viral Achary
b) NS Vishwanathan
c) R.Gandhi
d) S.S.Mundra
e) None of the above
36. Which type of machine is used by Business Correspondents?
a) Micro ATMs
b) POS
c) Biometric Card Reader
d) Solar empowered
e) Water resistant
37. _____ provides Clearing House facilities for netting of Payments and Security delivery:
a) Primary dealers
b) Banks
c) Stock exchanges
d) All of the above
e) None of the above
38. ____ is the regulatory authority for Mutual funds:
a) IRDA
b) SEBI
c) RBI
d) Ministry of Corporate affairs
e) All of the above
39. The Main activity of the Financial Intelligence Unit India (FIUIND) is to control:
a) Tax Evasion
b) Money Laundering
c) Terrorism
d) Avoiding NPAs
e) Avoiding frauds in ATMs
40. Primary dealers deal in:
a) Shares
b) Insurance
c) Government securities
d) None of the above
e) All of the above
41. The main function of an Asset Management Company is to:
a) hold the securities of various schemes
b) manage the funds by making investments in various types of securities
c) hold its property for the benefit of the unit holders
d) act on behalf of SEBI
e) All the above
42. What is the purpose of reduction in Cash Reserve Ratio (CRR)?
a) Reduce Credit Flow
b) Enhance Credit Flow
c) Enhance availability of cash
d) Reduce Cash transactions
e) None of the above
43. In India, conventionally, bonds are issued by institutions in ____ sector while debentures by corporate in ____ sector.
a) private, public
b) public, private
c) either a or b
d) cooperative, NBFC
e) None of the above
44. Who notifies Foreign Trade Policy?
a) RBI
b) DGFT
c) Govt. of India
d) ECGC
e) None of the above
45. Cash kept in the currency chest is owned by?
a) Currency Chest branch bank
b) State Bank of India
c) Central Government
d) Reserve Bank of India
e) None of the above
46. Expand the term LIBOR as used in financial banking sectors?
a) Local Indian Bank Offered Rate
b) London-India Bureau of Regulations
c) Liberal International Bank Official Ratio
d) London Inter Bank Offered Rate
e) None of the above
47. Which one of the following rates is NOT decided by the RBI?
a) Bank Rate
b) Repo Rate
c) Reverse Repo Rate
d) Income Tax Rates
e) Only a & b
48. When more than one bank is allowing credit facilities to one party in coordination with each
other under a formal arrangement, the arrangement is generally known as:
a) Participation
b) Consortium
c) Syndication
d) Multiple Banking
e) All the above
49. The headquarters of International Monetary Fund is ___
a) Geneva
b) Paris
c) London
d) Manila
e) Washington
50. Who is the new chairman of SEBI?
a) Ajay Yogi
b) UK Sinha
c) TS Vijayan
d) G Srinivasan
e) None of the above
51. Rural Infrastructure Development fund (RIDF) is
maintained by?
a) Selected group of public Sector Banks
b) Ministry of Rural Development
c) Reserve Bank of India
d) NABARD
e) None of the above
52. The bank conducts Government business as an agent of ?
a) Union and state Government
b) Reserve Bank of India
c) State Bank of India
d) SIDBI
e) None of the above
53. Interest on the savings bank accounts is calculated on a …………… product basis
a) Daily
b) Yearly
c) Quarterly
d) Half-yearly
e) All of the above
54. Rates of Interest on deposits are determined by?
a) IBA
b) Ministry of Finance
c) The Bank Itself
d) Government of India
e) Other than the given
55. Current account becomes dormant when there are no withdrawals for the last?
a) 3 months
b) 6 months
c) 24 months
d) 12 months
e) None of the above
56. “Plastic Money” denotes?
a) Bearer cheque
b) Credit card
c) Demand Draft
d) Traveller’s cheque
e) Gift cheque
57. National Income of India is estimated by?
a) Central Estimates Survey Committee
b) National Sample Survey Committee
c) Central Statistical Organization
d) Finance Ministry
e) Other than the given
58. Nomination facility is available to?
a) Individuals/Sole Proprietorship accounts/Private Limited Companies
b) Individuals/Sole Proprietorship Accounts/Partnership Accounts
c) Individuals/Sole Proprietorship Accounts
d) All of the above
e) Other than the given
59. If a currency note is demonetized, it takes away the ....... of that currency.
a) legal tender character
b) exchange rate
c) value
d) All of the above
e) Other than the given
60. Currency Note containing political slogan is not a legal tender as per:
a) Legal Tender (Inscribed Notes) Act, 1964
b) Negotiable Instruments Act, 1881
c) Reserve Bank of India Act
d) All of the above
e) Other than the given
61. Deposits under NRE/FCNB accounts are linked to?
a) Base Rate
b) SIBOR
c) LIBOR
d) All of the above
e) Other than the given
62. Electronic Fund Transfer scheme of RBI has been renamed as?
a) Clearing
b) Core Banking Solutions
c) Real Time Gross Settlement
d) National Electronic Fund Transfer
e) All of the above
63. Which private bank is recently merged with Kotak Mahindra Bank (KMB)?
a) ING Vysya Bank
b) KarurVysya Bank
c) Lakshmi Vilas Bank
d) Jammu and Kashmir Bank
e) Other than the given
64. Which two private sector banks have got license from RBI in 2014?
a) Bandhan and Yes Bank
b) Yes Bank and IDFC
c) IDFC Bank and Bandhan Bank
d) Axis Bank and ICICI
e) Other than the given
65. Refinance facility is provided by NABARD. Which institutions can avail this facility?
a) State cooperative banks
b) Regional rural banks
c) Commercial bank
d) All of the above
e) Other than the given
66. Which of the following is true?
a) NBFCs can accept deposits from the public
b) NBFCs cannot offer deposit schemes to the public
c) Deposits of NBFCs are insured with DICGC
d) NBFCs can accept deposits from public if they are registered and permitted by RBI
e) Other than the given
a) Selected group of public Sector Banks
b) Ministry of Rural Development
c) Reserve Bank of India
d) NABARD
e) None of the above
52. The bank conducts Government business as an agent of ?
a) Union and state Government
b) Reserve Bank of India
c) State Bank of India
d) SIDBI
e) None of the above
53. Interest on the savings bank accounts is calculated on a …………… product basis
a) Daily
b) Yearly
c) Quarterly
d) Half-yearly
e) All of the above
54. Rates of Interest on deposits are determined by?
a) IBA
b) Ministry of Finance
c) The Bank Itself
d) Government of India
e) Other than the given
55. Current account becomes dormant when there are no withdrawals for the last?
a) 3 months
b) 6 months
c) 24 months
d) 12 months
e) None of the above
56. “Plastic Money” denotes?
a) Bearer cheque
b) Credit card
c) Demand Draft
d) Traveller’s cheque
e) Gift cheque
57. National Income of India is estimated by?
a) Central Estimates Survey Committee
b) National Sample Survey Committee
c) Central Statistical Organization
d) Finance Ministry
e) Other than the given
58. Nomination facility is available to?
a) Individuals/Sole Proprietorship accounts/Private Limited Companies
b) Individuals/Sole Proprietorship Accounts/Partnership Accounts
c) Individuals/Sole Proprietorship Accounts
d) All of the above
e) Other than the given
59. If a currency note is demonetized, it takes away the ....... of that currency.
a) legal tender character
b) exchange rate
c) value
d) All of the above
e) Other than the given
60. Currency Note containing political slogan is not a legal tender as per:
a) Legal Tender (Inscribed Notes) Act, 1964
b) Negotiable Instruments Act, 1881
c) Reserve Bank of India Act
d) All of the above
e) Other than the given
61. Deposits under NRE/FCNB accounts are linked to?
a) Base Rate
b) SIBOR
c) LIBOR
d) All of the above
e) Other than the given
62. Electronic Fund Transfer scheme of RBI has been renamed as?
a) Clearing
b) Core Banking Solutions
c) Real Time Gross Settlement
d) National Electronic Fund Transfer
e) All of the above
63. Which private bank is recently merged with Kotak Mahindra Bank (KMB)?
a) ING Vysya Bank
b) KarurVysya Bank
c) Lakshmi Vilas Bank
d) Jammu and Kashmir Bank
e) Other than the given
64. Which two private sector banks have got license from RBI in 2014?
a) Bandhan and Yes Bank
b) Yes Bank and IDFC
c) IDFC Bank and Bandhan Bank
d) Axis Bank and ICICI
e) Other than the given
65. Refinance facility is provided by NABARD. Which institutions can avail this facility?
a) State cooperative banks
b) Regional rural banks
c) Commercial bank
d) All of the above
e) Other than the given
66. Which of the following is true?
a) NBFCs can accept deposits from the public
b) NBFCs cannot offer deposit schemes to the public
c) Deposits of NBFCs are insured with DICGC
d) NBFCs can accept deposits from public if they are registered and permitted by RBI
e) Other than the given
67. Commercial banks are the largest category of financial
intermediaries; others include?
a) Life-insurance companies
b) Pension funds
c) Savings and loan institutions
d) All of the above
e) None of the above
68. An average citizen cannot open a Savings account in which of the following?
a) Commercial bank
b) Post office
c) Co-operative bank
d) RBI
e) Other than the given
69. card is basically a payment mechanism which allows the holder to make purchase without any immediate cash outflows either physically or through his accounts?
a) Debit
b) Smart
c) Credit
d) ATM
e) Kisan Credit
70. The Negotiable Instruments Act deals with?
a) Cheques, demand drafts, banker’s cheques
b) Promissory notes, bills of exchange and cheques
c) Bills of exchange, Cheques and demand drafts
d) Cheques, demand drafts and saving bank withdrawal forms
e) None of the above
71. 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
e) None of the above
72. What do you understand by the term ‘Mortgage’?
a) Sale of moveable security in the event of default by the borrower
b) Registration of charge with the Registrar of Companies
c) Making the security of immovable property avail able as a cover for a home loan by the borrower
d) Registration of charge with the Regional Transport Authority
e) Returning of the security to borrower by the bank of receipt of full payment
73.Which of the following acts is useful in controlling HAWALA transactions?
a) FEMA Act
b) RBI Act
c) DICGC Act
d) Banking Regulation Act
e) None of the above
74.CAMELS’ is a type of Bank Rating System. In CAMELS, what does ‘C’ stand for?
a) Currency
b) Compensation
c) Capital Adequacy
d) Capitalisation
e) None of the above
a) Life-insurance companies
b) Pension funds
c) Savings and loan institutions
d) All of the above
e) None of the above
68. An average citizen cannot open a Savings account in which of the following?
a) Commercial bank
b) Post office
c) Co-operative bank
d) RBI
e) Other than the given
69. card is basically a payment mechanism which allows the holder to make purchase without any immediate cash outflows either physically or through his accounts?
a) Debit
b) Smart
c) Credit
d) ATM
e) Kisan Credit
70. The Negotiable Instruments Act deals with?
a) Cheques, demand drafts, banker’s cheques
b) Promissory notes, bills of exchange and cheques
c) Bills of exchange, Cheques and demand drafts
d) Cheques, demand drafts and saving bank withdrawal forms
e) None of the above
71. 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
e) None of the above
72. What do you understand by the term ‘Mortgage’?
a) Sale of moveable security in the event of default by the borrower
b) Registration of charge with the Registrar of Companies
c) Making the security of immovable property avail able as a cover for a home loan by the borrower
d) Registration of charge with the Regional Transport Authority
e) Returning of the security to borrower by the bank of receipt of full payment
73.Which of the following acts is useful in controlling HAWALA transactions?
a) FEMA Act
b) RBI Act
c) DICGC Act
d) Banking Regulation Act
e) None of the above
74.CAMELS’ is a type of Bank Rating System. In CAMELS, what does ‘C’ stand for?
a) Currency
b) Compensation
c) Capital Adequacy
d) Capitalisation
e) None of the above
75. The main function of SIDBI is:
a) Promotion of agricultureb) Finance of SSI
c) Development of SSI
d) All of the above
e) None of the above
a) Promotion of agricultureb) Finance of SSI
c) Development of SSI
d) All of the above
e) None of the above
FOR ANSWERS SEE THE SIMILAR SECTION BELOW
