BANKING AWARENESS

1. ASBA is a mechanism for subscribing to 8. Which of the following instruments of

applications in Initial Public Offerings credit control adopted by the Reserve
(IPOs) . ASBA stands for Bank of India does not fall within
(1) Application Supported by Blocked 'General' or 'Quantitive' methods of credit
Amount control?
(2) Application Submitted with Blocked (1) Stipulation of certain minimum margin
Amount in respect of advance against specified
(3) Acquired Shares by Blocked Amount commodities
(4) Application Supported by Balance (2) Open Market Operation
Amount (3) Bank Rate
(5) None of these (4) Variable Reserve Requirement
2. In regards to insurance, ―A policy (5) None of these
provision that allows a policy to be 9. On the recommendation of which
restored from a lapsed status and resume committee was NABARD established?
active coverage‖ is termed as? (1) Rangarajan
(1) Reaffirmation (2) Reinsurance (2) Shivraman
(3) Reinstatement (4) Revocation (3) Narasingam
(5) None of these (4) Vijay Kelkar Malegam
3. ―The termination of an insurance policy (5) None of these
due to non – payment of premium‖ is 10. Which among the following is not decided
technically called as? By RBI?
(1) Death (2) Lapse (1) CAR (2) CRR
(3) Forfeiture (4) Seize (3) Base Rate (4) Bank Rate
(5) None of these (5) Repo Rate
4. What are ‗Open Market Operations"? 11. An Increase in Cash Reserve Ratio (CRR)
(1) Activities of SEBI – registered brokers by Reserve Bank of India leads to:
(2) Selling of currency by the RBI (1) Decrease in Deposit
(3) Selling of gilt – edged securities by the (2) Increase in Deposit
government (3) Decrease in lendable resources
(4) Sale of share by FIIs (4) Increase in lendable resources
(5) None of these (5) None of these
5. In the opening of Savings Account (few 12. What is meant by development oriented
other accounts also) bank ask to write banking?
Nominee name. Who shall be nominee? (1) Infrastructure Financing
(1) Any person (2) Taking up task of development of the
(2) Known person only economy by providing support to under
(3) Female only privileged sections of the society.
(4) Close blood relation only (3) Extending loans to states which are
(5) Account holder in that bank only underdeveloped
6. Which of the following is not a tool in the (4) All of the above
hands of RBI to control the inflationary (5) None of these
pressure in the country? 13. What is the principal function of SIDBI?
(1) Bank Rate (BR) (1) Finance of SSI
(2) Special Drawing Rights (SDR) (2) Development of SSI
(3) Statutory Liquidity Ratio (SLR) (3) Promotion of SSI
(4) Cash Reserve Ratio (CRR) (4) All of the above
(5) None of these (5) None of these
7. Certificate of Deposits have a minimum 14. Which of the following is provided by the
value of: Reserve Bank of India for meeting day – to
(1) Rs. 1 Lakh (2) Rs. 10 Lakh – day receipt and expenditure mismatch
(3) Rs. 25 Lakh (4) Rs. 50 Lakh to both central and state governments?
(5) Rs. 1 Core (1) Treasury Bills
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 (2) Date and securities (4) Sushma Nath Committee
(3) Ways and means advance (5) None of these
(4) All of the above 22. Loans of very small amount given to low
(5) None of these income group is called –
15. These days RBI uses Selective Credit (1) Cash Credit
control measures rather infrequently (2) No Frill Credit
because of: (3) Rural Credit
(1) Deregulation of function (4) Micro Credit
(2) Reasonable inflation level (5) Simple Overdraft
(3) Comfortable liquidity 23. As per the new final guidelines released
(4) Autonomy Given to Banks by the Reserve Bank of India for issuing
(5) All of the above new banking license norms to allow
16. Which of the following is classified as a private and public sector as well as Non –
Public Sector Banks? Banking Financial Companies (NBFCs) to
(1) ICICI Bank enter the fray. Which of the following
(2) Yes Bank statement is/are correct in this regard?
(3) IDBI Bank (A) The final guidelines sets 49% cap on
(4) Local area Banks foreign holding in new banks and
(5) None of these minimum paid – up equity capital is Rs
17. Reserve Bank of India is known as lender 1000 crore
of last resort because (B) The paid – up equity capital should be
(1) It has to meet the credit need of Rs 500 crore and they will have to get
citizens to whom no one else is willing to listed within three years of operation
lend (C) New banks will have to set up 25 % of
(2) It comes to help bank in times of crisis its branches in unbanked rural areas.
(3) Banks lend to go to RBI as a last resort
(4) All of the above (1) Only A and B (2) Only B and C
(5) None of these (3) Only A and C (4) All A, B and C
18. The availability of cash and other cash – (5) None of these
like marketable instruments that are 24. In Banking terms BCSBI stands for which
useful in purchases and investments are of the following?
commonly known as: (1) Banking Consumers and State Board
(1) Cash crunch (2) Credit of India
(3) Liquidity (4) Marketability (2) Banking Commerce and State Bank of
(5) None of these India
19. As per newspaper reports, India's trade (3) Banking Codes and Standards Board
gap has been showing a negative growth of India
for the last few months. What does "Trade (4) Banking Commerce and Secretarial
Gap" mean? Board of India
(1) Gap between budgeted revenue (5) Banking Communications and
collection and actual collection of the Systems Board of India
same 25. Which of the following bank of Russia has
(2) Gap between total GDP and total granted permission by the Reserve Bank
Consumption of India to open its branches in New
(3) Gap between available liquidity and Delhi?
expected demand in next five months (1) Inkas Bank
(4) Gap between total imports and total (2) Bank BFT
exports (3) Aktive Bank
(5) None of these (4) Gazprom Bank
20. The banker – customer relationship in (5) MDM Bank
credit card payment is? 26. Participatory Notes (PNs) are associated
(1) Agent – Principal with which one of the following?
(2) Principal – Agent (1) United National Development
(3) Creditor – Debtor Programme
(4) Debtor – creditor (2) Foreign Institutional Investment
(5) None of these (3) Foreign Direct Investment
21. Which of the following committee is set up (4) Consolidated Funds of India
for giving clear definitions to FDI and FII (5) None of these
with an aim to remove ambiguity over the 27. Bank Rate implies the rate of Interest –
two types of Foreign Investments? (1) Charges by banks on loans and
(1) Gopinath Committee advances
(2) Arvind Mayaram Committee (2) Paid by the RBI on the deposits if
(3) Subir Gokran Committee commercial banks
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 (3) Payable on bonds 34. A loan bearing low rate of Interest is
(4) At which the RBI discounts the Bill of known as:
exchange (1) Hard Loan (2) Soft Loan
(5) None of these (3) Capital loan (4) Real Loan
28. Increase in net RBI credit for central (5) None of these
government represents – 35. A country is said to be in a debt trap if –
(1) Budgetary deficit (1) It has to borrow to make interest
(2) Monetized Deficit payments on standing loans
(3) Fiscal deficit (2) It has to borrow to make interest
(4) Revenue deficit payments on outstanding loans
(5) None of these (3) It has been refused loans or aid by
29. The rate of interest, banks charge to its creditors abroad
main/major and prime; customers is (4) The World Bank charges a very high
popularly called as rate of interest on outstanding as well as
(1) Cost of Fund new loans
(2) Repo Rate (5) None of these
(3) Reserve Repo Rate 36. Devaluation means –
(4) Prime Lending Rate (1) To reduce the value of home currency
(5) Risk Premium (2) To appreciate the value of home
30. Under provision of which of the following currency
the Reserve Bank of India issues directive (3) To issue new currency in place of old
to the Banks in India? currency
(1) Essential Commodities Act (4) To lower the price of Goods for export
(2) Banking Regulation Act (5) None of these
(3) RBI Act 37. When a bank dishonors a cheque?
(4) RBI Act and Banking Regulation Act (1) It is called withdrawing of the cheque
(5) None of these (2) It is called return of the cheque unpaid
31. Which of the following is the deadline set (3) It is called settlement of the cheque
by Reserve Bank of India for Indian Banks (4) It is called nullifying of the cheque
to complete their conformation to the (5) It is called truncating of the cheque
Basel – III norms? 38. Which of the following is not directly
(1) March 2018 (2) March 2020 controlled by Reserve Bank of India?
(3) March 2019 (4) March 2014 (1) Bank Rate (2) Base Rate
(5) None of these (3) Repo Rate (4) CRR
32. Sub – Prime lending refers to: (5) SLR
(1) Lending to the customers who are 39. Currency Swap is an Instrument to
most value for the banks manage?
(2) Lending to the people with less than (1) Interest rate risk
standard credit status (2) Currency Risk
(3) Lending to the customers who visit (3) Currency and Interest Rate risk
bank for the very first time (4) Cash flows in different currencies
(4) Lending to the people who live a sub – (5) All of the above
standard Life 40. When the loan is guaranteed for purchase
(5) None of these of white goods it is called?
33. When we deposit a cheque issued in your (1) White goods loan
name in the bank, the bank always (2) Consumer durable loan
checks if the cheque has been crossed or (3) Business loan
not? Why is this done? (4) Consumption loan
(1) The bank insists on it only when the (5) Proprietary loan
party wants the payment immediately and 41. Which of the following is the disadvantage
that too in cash only of going for public issue?
(2) This is the instruction of the RBI that (1) Better pricing and placement with new
all cheques of the amount of Rs 10,000 investors
should be accepted only if they are (2) Need to make continuous disclosures
crossed (3) Increase in visibility and reputation to
(3) It is a process by which the person the company
who has issued the cheque comes to (4) Liquidity to existing shares
know whether the cheque is encased or (5) None of these
not 42. Which of the following is not an asset of a
(4) It seems that the money is deposited bank?
only in the account of the person in (1) Notes and Small coins
whose name the cheque has been drawn (2) Short Term Loans
(5) None of these (3) Staff Advances
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 (4) Overdue Recurring Deposits (1) Reserve Bank of India
(5) None of these (2) Securities and Exchange Board of
43. The Base rate is set by which of the India
following organizations/ institution? (3) Indian Banks Association
(1) Individual Bank (4) Planning Commission of India
(2) Government of India (5) All
(3) Reserve Bank of India 52. Which of the following is the major
(4) RBI in consultation with Government function of an ATM installed by Bank?
(5) State Bank of India (1) To transfer money from one place to
44. Which of the following is not a criterion to another place
select the Investment Banking? (2) To distribute cash by way of
(1) Good rapport with market withdrawal from ones account
intermediaries (3) To detect fake currency notes
(2) General reputation in the market (4) To arrange currency notes in serial
(3) Distribution net work of the order and count them
organization (5) All of these
(4) NO professional memberships or 53. Which of the following agencies is
incorporation are required associated with the business of Insurance
(5) None of these sector as a Regulator?
45. The banking company has restriction to (1) SEBI (2) RBI
sanction loan to (3) AMFI (4) IRDA
(1) Staff working in the bank (5) None of these
(2) Directors of the bank 54. Which of the following is a private sector
(3) Students going abroad Bank based in India?
(4) Professionals (1) Loyds Banking Group
(5) None of the above (2) Lehman Brothers
46. Which of the following business is (3) Yes Bank
prohibited as per Section 8 of Banking (4) Royal Bank
Regulations Act 1949? (5) None of these
(1) Retail Trading 55. Bank doesn't provide which of the
(2) Executing the trust following service?
(3) Leasing (1) Issuing Bank Drafts
(4) Underwriting (2) Depositing Money
(5) None of these (3) Sale of Post cards and postal stamps
47. Which of the following is a non – (4) Lockers for valuable items/ documents
depository Institution? (5) Loans to individuals
(1) Regional Rural Banks 56. Which of the following is NOT the name of
(2) Mutual Funds a Bank having branches in India?
(3) Credit Unions (1) Barclays
(4) Commercial Banks (2) HSBC
(5) None of these (3) State Bank of India
48. State Bank of India's new floating rate of (4) Nyvelly Lignite Corporation
deposit is a directly linked to? (5) Punjab National Bank
(1) Base Rate (2) BPLR 57. The loan disbursed by a bank to an
(3) Bank Rate (4) Inflation Rate Individual for purchasing a house is
(5) CRR called
49. Issuing of credit cards is a component of (1) Top Up Loan (2) Business Loan
(1) Corporate banking (3) Plan Finance (4) Retail Loan
(2) Micro Finance (5) Credit Loan
(3) Retail Banking 58. Which of the following is not an
(4) Rural Banking Authorized means of banking transaction
(5) None of these for the people in India?
50. The credit policy of a bank does not deal (1) Mobile
with? (2) Online
(1) Documentation Standards (3) Phone
(2) Outstanding balance in deposit (4) Visiting Individually
account (5) Video Conferencing
(3) Credit Risk management 59. Which of the following rates decided by
(4) Review and renewal of advances the RBI is called "Policy Rate"?
(5) None of these (1) Lending Rate
51. Banks are required to take permission (2) Cash Reserve Ratio
from which of the following before opening (3) Bank Rate
new branch? (4) Deposit Rate
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 (5) Exchange Rate remittances will be restricted to a
60. Which of the following is an example of Maximum of ___________ per transaction.
cashless buying? (1) Rs. 20,000 (2) Rs. 25,000
I. ATM Withdrawal (3) Rs. 50,000 (4) Rs. 100,000
II. Credit Card (5) None of these
III. Debit Card 65. Which of the following term is not
(1) Only I (2) Only II associated with Economy?
(3) Only III (4) Only I and III (1) GDP
(5) Only II and III (2) Hindu Growth Rate
61. In the context of banking system, what (3) PPP
does productivity means? (4) LED
(1) Production of Service (5) None of these
(2) Business per employee 66. What is expanded form of ECS as used in
(3) Quality of Customer service Banking sector?
(4) Both A and B (1) Effective Clearing System
(5) None of these (2) Enabled Clearing System
61. Consider the following statement with (3) Electronic Confirmation System
respect o Ways and Means of Advance (4) Electronic Clearing System
(WMA) : (5) None of these
(A) These are temporary advances 67. Consider the following taglines and
extended by the RBI to the Government identify the bank with which of the
(B) Section 15 (5) of the RBI Act allows taglines are Associated with:
RBI to make WMA to Central Government I. Pure Banking Nothing Else
only. II. Bankers of Every Indian
(C) Government normally opts for WMA to III. With you All the Way
bridge the interval between expenditure (1) Bank of Baroda
and receipts and in the case of Shortfall/ (2) Oriental Bank of Commerce
mismatch in revenue and other receipts (3) Punjab National Bank
for meeting its liabilities. (4) State Bank of India
(1) Only A (2) Only B (5) None of these
(3) Only C (4) Only A and C 68. Consider the following with respect to the
(5) All of the above Foreign Exchange Reserves of India?
62. Which of the following is/are not correct I. Foreign Exchange Reserves
About Non – Banking Financial II. Special Drawing Rights
Companies (NBFCs) ? III. Foreign Institutional Investments
(1) NBFCs cannot accept demand deposits Which of the above comes under the
(2) Deposit Insurance facility of Deposit foreign exchange reserves of the country?
Insurance and Credit Guarantee (1) Only I (2) Only II
Corporation is available to depositors of (3) Only III (4) Both I and II
NBFCs. (5) Both II and III
(3) NBFCs don not form part of the 69. The monetary units of the International
payment and settlement system and Monetary Fund (IMF) is called
cannot issue cheques drawn on it. (1) Systematic Investment Plan (SIP)
(4) All of the above (2) Global Depositary Receipts (GDR)
(5) None of the above (3) Special Drawing Rights (SDR)
63. Consider the following with respect to (4) Exchange Traded Funds (ETF)
Government Securities? (5) None of these
(A) These are tradable instruments issued 70. Consider the following statement with
by the Central or State Government. respect to Commercial Paper (CP) ?
(B) The Central Government issues both (A) It is an unsecured money market
treasury bills and bonds or dated instrument issued in the form of a
securities, which are called State promissory note.
Development Loans (SDLs) (B) It was introduced in India in 1990
(C) These Instruments acknowledge the with a view to enabling high – rated
Government's debt. corporate borrowers to diversify their
(1) Only A (2) Only B sources of short – term borrowings and to
(3) Only C (4) All A, B and C provided an additional instrument to
(5) None of These investors.
64. Such individual who don't have bank (C) All the corporate, Primary Dealers
account can also deposit cash at the (PDs) and the All – India Financial
National Electronic Fund Transfer (NEFT) Institutions (FIs) are eligible to issue CP
– enabled Branches with instructions to unconditionally.
transfer funds using NEFT. Such (1) Only A (2) Only B
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 (3) Only C (4) Only A and B (1) The issuing authorities name should
(5) Only A and C be printed on it
71. Which of the following statement is/are (2) The promise clause should be there
not correct? (3) The guarantee clause should be there
(1) Interest on term deposit is payable at (4) All of the above
quarterly or longer rests (5) None of the above
(2) Banks are free to determine their 77. What is the purpose behind introducing of
savings bank deposit interest rate, subject the practice of quoting Permanent
to a few conditions Account Number (PAN) while opening an
(3) Banks cannot accept interest – free account with a bank?
deposits for current accounts (1) To ensure that bank accounts provide
(4) With effect from April 1, 2010, information about tax revenue
Payment of interest on savings bank (2) To ensure that bank accounts are
accounts by scheduled commercial banks opened by the customers following proper
would be calculated on daily product procedures
basis. (3) To Ensure that more people are
(5) All of the above are correct brought under tax net and voluntary
72. Consider the following categories: compliance of tax procedures
(A) Agriculture (4) All of the above
(B) Micro and Small Enterprise (5) None of the above
(C) Export Credit 78. Deposits in Public Provident Fund (PPF)
(D) Housing Which of the above categories Accounts can be made how many times
is/ are included in the priority sector? within a Year?
(1) Only A (2) Only B (1) Three Times (2) Six Times
(3) Only C (4) Only D (3) Nine Times (4) Twelve Times
(5) All A, B, C, D (5) There is no Such limits
73. Which of the following public sector bank 79. Banks keep notes/ coins in Currency
Announced recently that its Risk Chest on Behalf of which of the following?
Management Department has received (1) Their own self
ISO 27001certification from the British (2) The Central Government
Standard Institute (BSI) ?It is the first (3) The Reserve Bank of India
among Indian Banks to receive such (4) Their Head Office
certification. (5) DICGC
(1) State Bank of India 80. Who among the following is not an
(2) Indian Bank Economist?
(3) Bank of Baroda (1) Amartya Sen
(4) Vijaya Bank (2) Muhammad Yunus
(5) Union Bank of India (3) Octavio Paz
74. As per the New Guideline issued by the (4) Peter A Diamond
Reserve Bank of India, which of the (5) Dale I Mortesen
following categories will be given 81. Which of the following is not a Negotiable
relaxation in KYC norms while opening Instrument?
bank account and Borrowing from the (1) Pay Order
banks? (2) Cheque
(1) Marginal Farmers (3) Bill of Exchange
(2) Daily Labours (4) Ware House Receipt
(3) Self Help Groups (5) All are Negotiable Instrument
(4) All the above 82. What is the main function of International
(5) None of the above Monetary Fund (IMF) ?
75. While closing the business of the day, if (1) Arrange International deposits from
excess cash is found at a branch of a banks
bank (2) Act as private sector lending arm f the
(A) It is distributed among the present World Bank
employees (3) Help to solve balance of payment
(B) It is deposited in the sundries account problems of member countries
(B) If claim is not received from any party (4) Finance Investment loans to
within a reasonable period, say six developing countries
months, it is credited to branch revenue. (5) None of the above
(1) Only A (2) Only B 83. Which of the following is the biggest
(3) Only C (4) Only B and C Borrower in India?
(5) All A, B and C (1) Government of India
76. Which of the following is/are essential (2) Reserve Bank of India
features of a genuine currency note? (3) State Governments
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 (4) Indian Railways 92. When a Bank provides a loan for
(5) Public Sector Undertakings purchase of White Goods, it is categorised
as –
84. Which of the following would result in the (1) Consumption loan
fall in asset prices? (2) White Goods Loan
(1) High Liquidity in economy (3) Consumer Durable Loan
(2) Low Liquidity in economy (4) Working Capital
(3) RBI increasing the reserve repo rates (5) Bridge Loan
(4) RBI allows more banks to play 93. With reference to a cheque which of the
(5) None of these following is the Drawee Bank?
85. Which of the following Organization/ (1) The Bank that collects the cheque
Institution will set up core banking (2) The Payee's Bank
infrastructure for rural banks? (3) The endorsee's Bank
(1) NABARD (2) RBI (4) The endorser's Bank
(3) SIDBI (4) IBA (5) The Bank upon which the cheque is
(5) None of these drawn
86. Which of the following terms is used in 94. Which of the following is correct
Banking field? statement?
(1) Input Devices (1) Normally no interest is paid on current
(2) Zero Hour deposit
(3) Interest Rate Swap (2) Interest is paid on current accounts at
(4) Sedimentary the same rate as term deposit accounts
(5) Privilege Motion (3) The rate of interest on current account
87. Which of the following is not a Public and savings account are the same
Sector Unit? (4) No interest is paid on any deposit by
(1) HPCL (2) HAL the bank
(3) SAIL (4) YES Bank (5) Savings deposits are the same as
(5) IDBI Bank current deposits
88. Bank branches which undertake foreign 95. Fixed deposits recurring deposits are –
exchange business directly are known as (1) Repayable on demand or after an
___________ in foreign exchange? agreed period as per bank's choice.
(1) Foreign Dealers (2) Repayable after an agreed period
(2) Authorized Dealers (3) Repayable on demand
(3) Overseas branches (4) Repayable after death of depositors
(4) Approved Branches (5) Not repayable
(5) Exchange branches 96. The usual deposit accounts of banks are
89. Loans of very small amounts given to low (1) Current Accounts, electricity accounts
income groups is called – and insurance premium accounts
(1) Cash Credit (2) Current accounts, Post Office savings
(2) Rural Credit bank accounts and term deposit accounts
(3) Micro Credit (3) Loan accounts, savings bank accounts
(4) Simple Overdraft and term deposit account
(5) No Frill Loans (4) Current bill accounts and term deposit
90. Which of the following is not a salient accounts
feature of Debit Card? (5) Current accounts, savings bank
(1) No Bad debts to banks and no suits for accounts and term deposits accounts
recovery 97. Financial Inclusion means provision of –
(2) No Interest earning for banks (1) Ration at affordable cost to person not
(3) Works like a normal withdrawal yet given the same
(4) Can be used at ATM and POS (2) House at affordable cost to the person
(5) 45Days credit given to the Customer not yet given the same
91. Banks issue a letter to beneficiary on (3) Financial Services namely, payments,
behalf of its constituents like guarantee remittances, savings, loans and insurance
for making payment on their behalf on at affordable cost to person not yet given
fulfilment of its terms and conditions. the same
What is this Arrangement known in (4) Food at affordable cost to person not
Banking context? yet given the same
(1) Line of Credit (5) Education at affordable cost to person
(2) Letter of Credit not yet given the same
(3) Loan to client 98. Which of the following is known as cross
(4) Loan on Credit selling by Banks?
(5) Loan against Credit (A) Sale of credit card to a debit card
holder
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 (B) Sale of a Insurance Policy to a 106. Which of the following is a type of
depositor Anticipatory letter of credit?
(C) Issuance of Cash against Cheque (1) Yellow Clause letter of credit
presented by a third party (2) Green Clause letter of credit
(1) Only A (2) Only B (3) Revolving letter of credit
(3) Only C (4) Both A and C (4) Back to Back letter of credit
(5) All A, B and C (5) None of these
99. Which of the following is not a measure to 107. During the first round of Bank
control inflation adopted by the Nationalized in 1969, Fourteen major
Government or Reserve Bank of India banks were nationalized with liability base
(RBI) of?
(1) Monetary Policy (1) Rs 10 Crore (2) Rs 20 Crore
(2) Fiscal Policy (3) Rs 50 Crore (4) Rs 100 Crore
(3) Public Distribution System (5) None of these
(4) Price Control 108. National Stock Exchange (NSE) has
(5) Financial Inclusion launched countries first dedicated debt
100. India's first indigenous payment gateway trading platform. Which of the
is following is / are the functions of the debt
(1) India Payment trading platform?
(2) India Pay (1) The debt trading platform is supposed
(3) India Expenditure to provide retail investors an opportunity
(4) India Challan to invest in corporate bonds on a liquid
(5) None of these and transparent exchange platform.
101. Which committee launched the process of (2) Bank and primary dealers are the first
reforms of Financial system in India? to enter and they will provide enough
(1) Nariman Committee liquidity in the debt segment.
(2) Khanna Committee (3) The mutual funds, insurance
(3) Gadgil Committee companies and pension funds are also
(4) Narishimham Committee expected to participate after guidelines for
(5) None of these the same are issued by SEBI.
102. The instrument which provides (1) Only A
proprietary interest in company and (2) Only B
which entitles a person to dividend on (3) Only C
profits is called (4) All of the Above
(1) Share (2) Bond (5) None of these
(3) Debenture (4) Warrant 109. Banking Ombudsman
(5) None of these (1) Fixed the rates of interest for loans
103. Which of the following don not attract Tax (2) Is in charge of bank loans for buses
Deduction at Source(TDS) ? (3) Issues licences for new bank branches
(1) Fixed Deposits (4) Resolves complaints of customer
(2) Reinvestment Deposit (5) None of these
(3) Recurring Deposit 110. Which of the following organizations/
(4) NRO FDR Agencies works solely to monitor and
(5) NRO SB arrange flow of agriculture credit in India?
104. Which of the following provides a proper (1) SIDBI (2) RBI
definition of Mutual Fund? (3) NABARD (4) SEBI
(1) These Members want to invest in (5) None of these
financial instrument 111. Service Area approach is associated with?
(2) They want to invest in financial (1) Industrial Finance
instrument assets of business sector (2) Rural Finance
(3) It is an association of members of (3) Micro Finance
public (4) Consortium Finance
(4) All of the above (5) None of these
(5) None of the above 112. Interest on Government securities on
105. Which of the following bank was not Fixed Basis is known as
Nationalized during the first phase of (1) Prime Lending Rate
Bank Nationalization in 1969? (2) Bank Rate
(1) Punjab National Bank (3) Bench Mark Prime Lending Rate
(2) Bank of India (4) Coupon
(3) Union Bank of India (5) None of these
(4) Bank of Baroda 113. Which of the following is not correct about
(5) Oriental Bank of Commerce the power of Reserve Bank of India?

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 (1) Controls Banking system through 122. In which part of pre – Independence India
licensing many banks were established, which is
(2) Supervises Banking system through called the 'Cradle of Indian Banking
inspection System'?
(3) Holds cash reserve of banks (1) Northern Assam
(4) All of the above are correct (2) Undivided Bengal
(5) All of the above are incorrect (3) Southern Karnataka
114. Which of the following Bank opened a (4) Southern Tamilnadu
lockless branch at Shani Shingnapur in (5) Western Maharashtra
Maharastra respecting the local customs? 123. SLR is maintained as a percentage of
(1) State Bank of India (1) Time liabilities
(2) Bank of India (2) Demand liabilities
(3) United Bank of India (3) Time and Demand liabilities
(4) UCO Bank (4) Gross Time and Demand liabilities
(5) Bank of Baroda (5) Net Time and Demand liabilities
115. When the customers withdraws cash from 124. The credit policy laid down by the top
ATM, the banker and customer management of a bank does not deal
relationship is? with?
(1) Creditor and Debtor (1) Pricing of the Credit Products
(2) Debtor and Creditor (2) Documentations standards
(3) Lessor and Lessee (3) Credit Risk Management
(4) Agent and Principal (4) Appraisal or Time and Demand
(5) None of these deposits
116. In India Foreign Exchange Rates are (5) None of these
determined by 125. Which of the following is one of the three
(1) Importers pillars of new Basel Capital Award?
(2) Exporters (1) Market Discipline
(3) Reserve Bank of India (2) International Market relations
(4) Ministry of Commerce (3) Market Competitions
(5) Demand and Supply Force (4) Market rapport
117. Which of the following resources cannot (5) None of these
be Securitized?
(1) Credit Card Receivables 126. Which of the following is an income for a
(2) Hire Purchases Receivable Bank?
(3) Credit Balances outstanding in cash (1) Interest on Interbank borrowings
accounts (2) Profit on revaluation of investment
(4) Mortgage in lieu of future payments (3) Depreciation on Bank's property
(5) None of these (4) Provisions made on account of write –
118. Regional Rural Banks (RRBs) were setup offs
on the recommendations of (5) None of these
(1) Puri Committee 127. Which of the following is not augmented
(2) Nariman Committee feature of a credit card?
(3) Gadgil Committee (1) Personal Accident Insurance
(4) Narasimham Committee (2) Cash withdrawals
(5) All india rural credit survey committee (3) Issue of deferred guarantee
119. Security Printing Press was established in (4) Add – on facility
1982 at (5) None of these
(1) Mumbai (2) Kolkata 128. Which of the following is not the function
(3) New Delhi (4) Chennai of Commercial Bank?
(5) Hyderabad (1) Intermediation in Financial Services
120. Which of the following committee is (2) Regulating the issue of Bank Notes
relating to Micro Financing? (3) Providing transaction services
(1) Nayak Committee (4) Providing transformation services
(2) Narasimham Committee (5) None of these
(3) Vyas Committee 129. Which of the following is not the name of
(4) Tandon Committee a Bank functioning in India?
(5) None of these (1) UCO Bank (2) Dena Bank
121. Which of the following is not an Imperfect (3) Aegon Religare (4) Indusind bank
note? (5) None of these
(1) Oiled Note (2) Bleached Note 130. Many a times, we read in newspapers that
(3) Washed Note (4) Mutilated Note some big banks have revised their lending
(5) None of these rates to make them dearer or cheaper.

9
 (A) Though the decision to raise the 136. Which banks are referred as the Schedule
lending rates is always in the hands of the Banks?
banks normally they announce this (1) Included in the 2nd schedule of the
decision of theirs: Banking Regulation Act 1949
(B) When the Reserve Bank of India (2) Included in the 2nd schedule of the
makes changes in its policy rates. Reserve Bank of India Act 1934
(C) When the Monetary and Credit Policy (4) Included in the 2nd schedule of the
of the Reserve Bank of India is reviewed Companies Act 1956
periodically. (5) Included in the Bank Nationalization
(D) Immediately after the Union Budget is Act 1969
presented in the Lok Sabha every year. (5) None of these
(1) Only 1 (2) Only 2 137. The Interest on Recurring Deposit is paid
(3) Only 3 (4) Only 1 and 2 on the basis of?
(5) All 1, 2 and 3 (1) Simple Interest calculated monthly
131. Cash Reserve Ration(CRR) funds are kept basis
by the Banks in (2) Simple Interest on monthly product
(1) Cash in hands at branches basis
(2) Balances with other banks (3) Interest calculated on daily product
(3) Balance in a special account with RBI basis
(4) Funds in the currency chest (4) Quarterly Compounding
(5) None of the above (5) None of these
132. The Shipping Guarantee is a Type of a 138. Bad Debts mean?
letter of credit (1) Amounts owe to a company that are
(1) Guarantee issued by the ship captain not going to be paid
to the purchaser (2) Amounts owe to a company that are
(2) Deferred payment guarantee issued by going to
a (3) Be paid Amounts owe to a company
(3) Banker at the request of the consignee that are going to
when the documents are not yet received (4) Be paid within 2 years
and goods are received, for facilitating the (5) Amounts owe to a company that are
delivery of goods going to Be paid within 8 years
(4) Guarantee issued to the borrower 139. When Banks accept a fixed sum of money
towards the loan granted by the shipping from an Individual for a definite term and
company pay on Maturity with interest, the deposit
(5) None of them is known as
133. Who said the nationalization of banks is (1) Demand Deposit
the 'masterstroke of political sagacity'? (2) Term Deposit
(1) Raj Narayan (3) Mortgage
(2) Jayprakash Narayan (4) Advances
(3) Indira Gandhi (5) Bond
(4) JL Nehru 140. Many times we read in newspapers that
(5) None of them several companies are adopting the
134. Which of the following is no one of the RBI FCCB's route to raise capital. What is the
directives on Clean Note policy? full form of FCCBs?
Currency note packets are not to be (1) Financial Consortium and Credit
stapled and secured with paper bands Bureau
(1) Water mark window of bank notes (2) Foreign convertible credit bonds
shall not contain any writing (3) Foreign Currency Convertible Bonds
(2) Soiled notes are to be stapled before (4) Future Credit and Currency Bureau
they are remitted to currency chest (5) None of these
(3) Currency notes are to be sorted in to 141. Inflation in India is measured on which of
issuable the following Indexes/ Indicators?
(4) And non – issuable notes (1) Cost of living index (COLI)
(5) None of the above (2) Consumer Price Index (CPI)
135. The relationship between RBI and the (3) Gross Domestic Product (GDP)
Bank maintaining the currency chest is (4) Wholesale Price Index (WPI)
that of? (5) None of these
(1) Debtor and Creditor 142. The Government of India is planning to
(2) Bailor and Bailee bring second Green Revolution in India.
(3) Creditor and Debtor This will be launched specifically for
(4) Principal and Agent which of the following parts of the
(5) None of the above country?
(1) Jammu and Kashmir
10
 (2) North East and Eastern Region Which of the following is NOT one such
(3) Central India concept/product directly associated with
(4) South Indian banks?
(5) None of these (1) E – payment
143. Which of the following is a leading (2) SMS Alert
electronic payment technology firm? (3) ATM/Debit Card
(1) BSE (2) Max (4) Demat Account
(3) GE (4) Visa (5) Number Portability
(5) SWAP 151. Which of the following is NOT a
144. In 1993, a Nationalized bank was merged Nationalized Bank in India?
with Punjab National Bank (PNB) . What (1) Union Bank of India
is the name of that Bank? (2) Central Bank of India
(1) Bank of Baroda (3) Yes Bank
(2) Global Trust Bank (4) Syndicate Bank
(3) New Bank of India (5) Indian Bank
(4) Bank of India 152. Sub – prime lending refers to
(5) None of these (1) Lending to the customers who are
145. Which of the following is a function of the most valued for the bank.
agent bank relating to flow of money in (2) Lending to the customers who come to
the process of loan syndication? the bank for the very first time
(1) Calling of loans in the event of default (3) Lending to the people with less than
(2) Receiving notices relating to standard credit status
cancellation of any part of the loan (4) Lending to the people who live a sub –
(3) Receiving notices relating to transfers standard life.
of banks (5) None of these
(4) Receiving the fees from the borrower 153. Which of the following cannot be a feature
and distributing among the participating of a Debit card?
banks (1) These cards cannot be used as POS
(5) None of these Centres
146. Global Market means market of (2) Banks earn huge amount as penalties
(1) USA for defaulting on payment through these
(2) UK cards.
(3) China (3) Can be used normal withdrawals.
(4) European Union Countries (4) Only 1 and 2
(5) All major countries and their alliances (5) All 1, 2 and 3
147. Which of the following is not a financial 154. The Banking Ombudsman is in charge of
Intermediary in the financial market? bank loans for buses fixes the rates of
(1) Pension Funds interest for loans resolves complaints of
(2) Small Scale Services Institute customer is the head of all nationalized
(3) Life Insurances Companies bank none of these Insurance cover for
(4) Credit Unions bank deposits in our country is provided
(5) None of these by
148. Regional Rural Banks (RRBs) have been (1) SBI
setup with the basic objectives of (2) Government of India
(1) Providing Deposit facilities to farmers (3) DICGC
(2) Providing credit to semi urban and (4) GIC
urban population (5) None of these
(3) Providing credit, deposit and other 155. The drawee of a cheque can be
banking facilities to people in rural areas (1) One person
(4) Providing credit and deposit facilities (2) Two person
to rural areas (3) Any legal or juristic person
(5) None of them (4) A bank
149. Some banks are financing projects like (5) None of these
"Construction Roads/Bridges etc. 156. Which of the following is an economic
Financing such projects means banks are term?
helping exactly in — 1) Plaintiff 2) Bunker
(1) Developing Core Sector Industry 3) Lampoon 4) Deflation
(2) Project Management 5) None of these
(3) Infrastructural Development 157. The following contains an order to pay
(4) Financial Inclusion money
(5) All of these 1) Bill of exchange 2) Cheque
150. As we know lot of new concepts are being 3) Promissory Note 4) Only (1) and (2)
used in the field of banking these days. 5) None of these
11
158. Which of the following organizations / 5) None of these
agencies is not associated with the world 167. We often heard about M – Banking. What
of banking and finance? does M stands for?
1) SEBI 2) AMFI 1) Money 2) Memory
3) RBI 4) ECGC 3) Mobile 4) Mobility
5) ONGC 5) None of these
159. The financial results of banks and other 168. 'Global Market' means market of
organizations normally are expressed in 1) USA
quarters. What does Q – 1 means? 2) China
1) Results of January – March 3) OPEC members
2) Performance during April – June 4) European Union Countries
3) Profits during July – September 5) All major countries and their alliances
4) The period when the profits were 169. What is the full form of 'CRR' as used in
highest banking sector?
5) None of these 1) Crucial Reserve Rate
2) Credit & Reserve Ratio
160. Which of the following certainly is an 3) Compulsory Return Rate
effort in the direction of Financial 4) Cash Reserve Ratio
Inclusion? 5) None of these
1) No – frills Accounts 170. What is the full form of LAF, the term
2) Foreign Currency Accounts used in banking world very frequently?
3) Internet Banking 1) Legal Adjournment Formality
4) Anywhere Banking 2) Liquid Advance & Finance
5) All of these 3) Liquidity Adjustment Facility
161. How many banks were nationalized in 4) Late Arrival of Finance
July 1969, when first Nationalization took 5) Local Advance Finance
place? 171. Where is the headquarter of the
(1) 5 (2) 8 International Monetary Fund (IMF) ?
(3) 10 (4) 14 1) Geneva
(5) None of these 2) Washington DC
162. Which of the following is called the 3) London
Bankers' Bank in India? 4) Manila
1) State Bank of India 5) Paris
2) Central Bank of India 172. Whenever somebody needs foreign
3) Reserve Bank of India currency against Indian Rupee, banks
4) NABARD give equivalent amount of desired
5) None of these currency based on prevalent
163. Who amongst the following CANNOT work 1) Bank rate 2) Currency rate
as a 'Business Correspondent, as given in 3) Policy rate 4) Exchange rate
the scheme launched by the banks? 5) Base rate
1) Self Help Group 173. Foreign currencies are represented in
2) Post Office various abbreviations. What is
3) Kirana Store meant by USD?
4) A Bank Officer 1) UAE Dinar
5) Cooperative Society 2) US Dollar
164. Where is the Headquarter of Indian Bank 3) Unit of Currency of Denmark
located? 4) Ukrainian Soviet Dollar
1) Mumbai 2) New Delhi 5) None of these
3) Mangalore 4) Chennai 174. Many Regional Rural Banks were given
5) Kolkata licenses to open branches in small cities
165. Who amongst the following Padma and towns. These licenses were given
Bhushan Awardees is a famous banker? by –
1) Mr. Azim H. Premji 1) Indian Banks' Association
2) Ms. Chanda Kochhar 2) NABARD
3) Ms. Kapila Vatsyayan 3) RBI
4) Mrs. Waheeda Rehman 4) Cabinet Committee on economic affairs
5) Mr. Brajesh Mishra 5) None of these
166. Whose signature does a one rupee note 175. Banks recover term loan from the parties
bear – in EMIs. What the letter 'E' represents in
1) Governor of RBI the term?
2) Dy. Governor of RBI 1) Easy 2) Effective
3) Finance Minister 3) Equated 4) Essential
4) Finance Secretary 5) Economical
12
176. Which of the following is NOT a scheduled 1) demand deposit 2) term deposit
Commercial Bank? 3) bond 4) mortgage
1) HDFC Bank 2) Axis Bank 5) advance
3) IDBI Bank 4) NABARD 186. Which of the following terms is NOT used
5) SBI in Banking/Finance related matters?
177. Which of the following Acts is specially 1) Discount Rate
launched to facilitate banks in recovery of 2) Letter of Credit
bad loans? 3) Cheque Clearing
1) RBI Act 4) General Ledger
2) Banking Regulation Act 5) Law of Motion
3) SARFAESI Act 187. Which of the following is a leading
4) Companies Act electronic payment technology firm? (The
5) Income Tax Act logo of the firm can be seen printed on
credit cards/ATM centres etc.)
178. Which of the following organizations / 1) Visa 2) Max
agencies works solely to monitor and 3) BSE 4) Sensex
arrange flow of agriculture credit in India? 5) SWAP
1) NABARD 2) SIDBI 188. All regional rural banks (RRBs) are
3) RBI 4) SEBI required to maintain their entire statutory
5) None of these liquidity ratio (SLR) in
179. The RBI has decided to stop circulation of 1) Current accounts with sponsor banks
the coin of which of the following 2) Time deposits with sponsor banks
denominations from June 2011? 3)Government and other approved
1) 50 p. 2) Rs 1 securities
3) Rs 2 4) 25 p. 4) Gold holdings only
5) Rs. 5 5) All of the above
180. Insurance companies in India are 189. The Regulatory Authority for Regional
regulated by Rural Banks is
1) RBI 2) AMFI 1) RBI and NABARD
3) SEBI 4) IRDA 2) Central Government
5) NABARD 3) State Government
181. Department of Economic Affairs is part of 4) Sponsor bank
which of the following Ministries? 5) All of the above
1) Ministry of Home Affairs 190. Through which of the following the funds
2) Ministry of Planning to the projects aided by the World Bank
3) Ministry of Finance and the International Monetary Fund
4) Ministry of Heavy Industries & Public (IMF) are distributed?
Enterprises 1) Regional Branches of RBI
5) Ministry of Rural Development 2) NABARD
182. The currency notes of which of the 3) Integrated Rural Development
following denominations are not printed Programme
in India? 4) Agriculture Refinance and Development
1) Rs 5 2) Rs 10 Corporation
3) Rs 50 4) Rs 1,000 5) Ministry of Finance
5) Rs 2,500 191. Which of the following conditions are
183. Union Budget which is presented every required to be fulfilled by a Regional Rural
year in the parliament is also known as Bank to be eligible for opening of new
1) Annual Budget branches?
2) Common Budget 1) It should not have defaulted in
3) General Budget maintenance of SLR and CRR during the
4) Finance Report of the year last two years
5) Statement of Allocation of funds 2) Its net worth should show improvement
184. Which of the following is not the name of and its net NPA ratio should not exceed 8
a bank, functioning in India? per cent
1) Central Bank of India 3) It should be making operational profits
2) Aegon Religare 4) Only (1) and (2)
3) United Bank of India 5) All of the above
4) Dena Bank 192. Co – operation as a form of economic
5) Citi Bank activity was formally recognized in India
185. When banks accept a fixed sum of money in the year 1904 when
from an individual for a definite term and 1) Mahatma Gandhi inaugurated the first
pay on maturity with interest, the deposit Indian co – operative bank
is known as
13
 2) The first co – operative bank was 3) Central Government, State Government
established in Bombay and the sponsor commercial bank in the
3) The first Co – operative Societies Act ratio of 50 : 15 : 35 respectively
was passed 4) NABARD, the concerned State
4) All of the above Government and the sponsor commercial
5) None of the above bank in the ratio of 60 : 20 : 20
193. Which of the following is NOT a part of respectively
India‘s Money Market? 5) All of the above
1) Bill Market 200. Regional Rural Banks are empowered to
2) Call Money Market transact the business of banking as
3) Banks defined under
4) Mutual Funds 1) Regional Rural Banks Act, 1976
5) Indian Gold Council 2) Negotiable Instruments Act, 1881
3) Banking Regulation Act, 1949
194. Under the Banking Regulation Act, 1949, 4) The Banking Companies (Acquisition
which of following is not qualified to be and Transfer of Undertakings) Act, 1970
called as banks in the co – operative 5) None of the above
sector?
1) Urban Co – operative Banks 201. Regional Rural Banks are managed by
2) Primary Agricultural Credit Societies 1) Reserve Bank of India
3) State Co – operative Banks 2) The state government
4) Central Co – operative Banks 3) The sponsor bank
5) All of the above 4) A board of directors
195. Which of the following public sector banks 5) All of these
has recently celebrated it centenary year? 202. The Difference between Gross Domestic
1) Central Bank of India product and Net Domestic product is
2) Allahabad Bank 1) Government Revenue
3) State Bank of India 2) Net Indirect Tax (Indirect Tax Subsidy)
4) Bank of Maharashtra 3) Consumption of fixed Capital
5) Bank of Baroda 4) Net Capital Formation
196. The primary function of a central co – 5) None of these
operative bank is to 203. Under which category will you classify
(1) Yo channelize the flow of funds from Regional Rural Banks?
the State co – operative banks 1) Scheduled Commercial Banks
(2) Mobilize the resources in the district 2) Co – operative banks
for financing its members to the 3) Private sector banks
maximum extent possible 4) Development banks
3) Both of these 5) None of these
4) Only 2 204. From which of the following financial
5) None of the above organizations of the world, India had
197. Which of the following Bank in 2012 has taken soft loan for recapitalization of
celebrated it 30th year of continuous banks?
service? 1) Asian Development Bank
1) RBI 2) International Monetary Fund
2) SIDBI 3) International Donors‘ Group
3) Central Bank of India 4) World Bank
4) NARARD 5) Bank of China
5) SBI 205. On the current account balances
198. For which of the following, the Reserve maintained by the Regional Rural Banks
Bank of India has stipulated the with them, the commercial banks may
maximum capital adequacy requirement? 1) Pay interest up to 9 per cent
1) Private sector banks 2) Pay interest at such rates as may be
2) Banks that undertake insurance mutually agreed to
business 3) Pay interest as applicable to savings
3) Local Area Banks accounts
4) Scheduled Commercial Banks 4) Waive incidental charges
5) None of these 5) All of the above
199. Paid – up share capital of Regional Rural 206. Where is the Headquarter of Asian
Bank is contributed by Development Bank (ADB) located?
1) Central Government only 1) Manila 2) Singapore
2) State Government only 3) Frankfurt 4) Bangkok
5) Kathmandu

14
207. The head quarter of Bank of India is 4) State Bank of India
located in which of the following city? 5) None of these
1) Kolkata 2) New Delhi
3) Mumbai 4) Manipal 214. Biometric ATMs have been introduced by
5) Chennai many banks recently, to cater to which
208. Which of the following statements are type of customers?
correct in regard to foreign banks 1) Urban customers
operating in India? 2) Non – Resident Indians
1) The parent foreign bank of a wholly 3) People with dubious characters
owned subsidiary would continue to hold 4) Rural and illiterate people
100 per cent equity in the Indian 5) Bank employees
subsidiary for a minimum prescribed
period of operation 215. Which of the following is also known as
2) Foreign banks would be permitted to the National Bank?
acquire a controlling stake in a phased 1) Reserve Bank of India
manner, but only in those private sector 2) Asian Development Bank
banks which are identified by the Reserve 3) State Bank of India
Bank for restructuring 4) NABARD
3) Foreign banks would be allowed to 5) None of these
open more than the existing WTO
commitment of 12 branches in a year 216. Which of the following Acts has specially
4) Only (1) and (2) been enacted to help banks deal with bad
5) All of the above loans?
1) Negotiable Instrument Act
209. The issued/paid – up capital of a Regional 2) Banking Regulation Act
Rural Bank should be 3) SARFAESI Act
1) Rs. 5 lakh 4) Companies Act
2) Minimum Rs 25 lac and maximum Rs 4) Offshore Banking Act
100 lac
3) Rs. 80 lac 217. For opening a new branch, a Regional
4) Rs 60 lac Rural Bank requires
5) None of the above 1) Permission of NABARD
2) Permission of Director, Institutional
210. Regional Rural Banks are classified as Finance
1) subsidiaries of NABARD 3) Approval of DRDA
2) subsidiaries of the sponsor banks 4) RBI license
3) scheduled commercial banks 5) All of the above
4) All of the above
5) None of the above 218. Which of the following instruments of
credit control adopted by the Reserve
211. In which city the Bank of International Bank of India (RBI) does not fall within
Settlements (BIS) located? ‗general‘ or ‗quantitative‘ methods of credit
1) New York 2) Basel control?
3) Washington 4) Davos 1) Bank rate
5) Paris 2) Open market operations
3) Stipulation of certain minimum margin
212. Foreign exchange reserves of India are in respect of advance against specified
kept in the custody of which of the commodities
following? 4) Variable reserve requirements
1) International Bank for Reconstruction 5) None of these
and Development
2) Reserve Bank of India 219. Which of the following category of banks
3) State Bank of India were mooted with a view to providing an
4) International Monetary Fund institutional mechanism for promoting
5) Government Treasury rural and semi – urban savings as well as
– the provision of credit for viable
213. Which of the following is the oldest public economic activities in local areas?
sector bank of India having branches all 1) Regional Rural Banks
over the country and serving for the last 2) Local Area Banks
147 years and even today? 3) Private sector banks
1) Bank of India 4) Land Development Banks
2) Punjab National Bank 5) All of the above
3) Allahabad Bank
15
220. Which of the following extreme measures 1) Corporate world
may be resorted to by the Reserve Bank of 2) Senior citizens
India (RBI) , in order to safeguard the 3) Current account holders
interest of the depositing public when the 4) Poor people
affairs of a bank are observed to be 5) Government employees
beyond redemption?
1) Refusal of a licence or cancellation of 226. In the context of banking business, the
an existing licence increasing trend in the Burden Bearing
2) Merge the bank with any public sector Ratio would show the following?
bank 1) Less burden bearing capacity of the
3) Applying to the Central Government for bank
an order of moratorium and thereafter 2) More burden bearing capacity of the
reconstructing or amalgamating the bank Bank
with another bank 3) Gradual increase in the bad debts
4) All of the above 4) Improvement in the business growth
5) None of these
221. Which of the following statements about
Local Area Banks are correct? 227. Under the ‗Swabhiman‘ above how much
1) Local Area Banks are required to population the government has decided to
observe the priority sector lending targets provide banking facilities to unbanked
at 40 per cent of net bank credit as areas?
applicable to other domestic bank 1) 2000 2) 3000
2) Local Area Banks have to lend at least 3) 4000 4) 5000
25 per cent of their priority sector 5) 6000
deployments (10 per cent of net bank
credit) to weaker sections within the over 228. The term ‗moral suasion‘ refers to
all 40 per cent target for priority sector 1) The moral duty of a borrower to deal
3) Local Area Banks are registered as a with only one bank
public limited company under the 2) The advice given by the Reserve Bank
Companies Act, 1956 of India to banks/financial institutions in
4) Only (1) and (2) the matter of their lending and other
5) All of the above operations with the objective that they
might implement or follow it
222. Life Insurance Corporation of India is a 3) The banker‘s duty of secrecy as regards
____________? the affairs and accounts of his customers
1) Department of Govt. of India 4) All of the above
2) Independent Body 5) None of the above
3) Corporation established by a special
Act of Parliament 229. When the Reserve Bank of India(RBI) is
4) Company established under Companies the lender of last resort, what does it
Act 1956 mean?
5) Non – Governmental Organization 1) RBI advances money to public
(NGO) whenever there is any emergency
2) Commercial banks give fund to the RBI
223. Which of the following bank became the 3) RBI advances necessary credit against
first in India to be fully computerized? eligible securities
1) State Bank of India 4) All of the above
2) Punjab National Bank 5) None of the above
3) Bank of Baroda
4) Bank of India 230. Which public sector bank of India is the
5) Union Bank of India first fully Indian bank, established by the
Indian national?
224. Demand of which among the following will 1) Allahabad Bank
be called as Direct Demand? 2) Central Bank of India
1) Weaving Machine 3) State Bank of India
2) Wool for Factory 4) Punjab National Bank
3) Sweater 5) Bank of Baroda
4) Wool for making gloves
5) None of these 231. Which one of the following is not a money
market instrument?
225. The ‗No Frill Accounts‘ facility provided by 1) Repo
the banks is aimed at which of the 2) A negotiable Certificate of Deposit
following categories of people? 3) Commercial Paper
16
 4) A Treasury Bill 2) Buying of approved securities in the
5) Treasury Bond market as a measure of open market
operations
232. Resources of Land Development Banks 3) Sale in the market of first class
operating in the country are raised by securities in its possession to reduce the
1) Share capital from members which is supply of money as a measure of open
linked to their borrowings from the bank market operations
2) Reserves created out of profits 4) All of the above
3) Borrowings comprising of interim 5) None of the above
accommodation, deposits and debentures
4) Only 3 238. Bank rate means –
5) All of the above 1) The rate of interest charged by
commercial banks on advances
233. Land Development Banks provide long – 2) The rate at which the Reserve Bank of
term credit for schemes of basic India is prepared to buy or re – discount
importance to agriculture as bill of exchange other commercial papers
mechanization of agriculture i.e., loans for eligible for purchase under the Reserve
purposes of tractors, power tillers, Bank of India Act, 1934
threshers etc 3) The rate of interest allowed by banks
1) Land reclamation, soil conservation, on the deposits
plantation of fruit orchards, dairy 4) The rate at which commercial banks
development schemes etc. involving discount bills of exchange for their clients
heavy expenditure 5) None of the above
2) Minor irrigation purposes like wells,
dug – cum – bore wells, tube wells, pump 239. The merchant banking activities in India
sets and irrigation tanks are governed by which of the following
3) Only (1) and (2) bodies?
4) All of the above 1) RBI 2) IRDA
3) SEBI 4) Union Finance
234. The paid – up capital of Non – Schedule Ministry
Bank is less than 5) Both RBI & SEBI
1) Rs 5 lakh 2) Rs 10 lakh
3) Rs 12 lakh 4) Rs 15 lakh 240. Which of the following types of
5) None of the above institutions operate in call money market
only as lender?
235. In periods of depression when the Reserve 1) Primary dealers
Bank of India (RBI) desires to encourage 2) State Bank of India
the banking system to create more credit, 3) Commercial banks
what it does? 4) Insurance companies
1) Permits the Bank Rate to be decided by 5) None of the above
market forces
2) Raises the Bank Rate 241. In the year 1966, the Reserve Bank of
3) Reduces the Bank Rate India(RBI) set up the All India Rural
4) All of the above Credit Review Committee in order to
5) None of the above 1) Establish Regional Rural Banks
2) Establish NABARD
236. In terms of section 5 (1) (e) of the Banking 3) Reassess the developments that took
Regulation Act, 1949, a 'banking place in the field of rural credit since
company' means any comps – which 1954, i.e. subsequent to submission of
1) Transacts the business of banking in the report of the All India Rural Credit
India Review Committee.
2) Undertakes lending of money 4) All of the above
3) Accepts deposits from public and 5) None of the above
invests the same as trade and industry
4) Accepts deposits from the public 242. ATM cards are issued to a person who
5) All of the above maintains any of the following accounts
with a bank
237. In periods of boom, which leads to 1) Saving bank account
economic instability, the Reserve Bank of 2) Term deposit account
India (RBI) resorts to? 3) Current account
1) Hike in the Bank Rate as a measure of 4) Loan or Cash Credit account
open market operations 5) Either 1) or 3)

17
243. The availability of cash and other cash – 249. With a view to facilitate payment of
like marketable instruments that are balance in the deposit account to the
useful in purchases and investments are person named by the depositor without
commonly known as any hassles in the event of death of the
1) Marketability 2) Cash crunch account holder, the following facility was
3) Credit 4) Liquidity introduced for bank accounts in our
5) None of these country?
1) Guarantee 2) Nomination
244. The land development banks play a 3) Registration 4) Indemnity
crucial role in 5) Will
1) Developing allied activities in rural
sector 250. Interest on savings bank account is now
2) The provision of investment credit for calculated by banks on:
agriculture 1) Maximum balance during the month
3) Expanding social forestry 2) Minimum balance during the month
4) Providing crop loans to the farmers 3) Daily product basis
5) None of the above 4) Minimum balance from 7th to the last
day of the month
245. The Indian Rupee is a 5) Minimum balance from 10th to last day
1) Token coin of the month
2) Gold coin
3) Standard coin 251. The recommendation that Development
4) Standard – token coin Financial Institutions (DFIs) should
5) None of the above convert ultimately into either commercial
banks or non – bank finance companies
246. Reserve Bank of India (RBI) , with regard was given for the first time by the
to RTGS, has decided that 1) Khan Working Group
1) Settlement of transactions of the 2) Nayak Committee
clearing corporation of India and the 3) Tarkande Committee
stock market would be conducted through 4) Nrasimham Committee II
RTGS 5) Tandon Committee
2) There would be no floor ceiling for
routing transactions through RTGS 252. Which of the following
3) RTGS would be accessible to all retail institutions/entities have been merged
customers into ICICI Bank to make it an universal
4) All of the above bank
5) None of these 1) Industrial Credit and Investment
Corporation of India Ltd
247. Which of the following is not correct about 2) ICICI Capital Services Ltd
the acceptance of deposits by the Non – 3) ICICI Personal Financial Services Ltd
Banking Financial Companies (NBFCs) ? 4) State Bank of India
1) Their deposits are not insured. 5) All of the above
2) The repayment of deposits by NBFCs is
guaranteed by the RBI. 253. Which of the following statements is
3) They should have minimum investment correct regarding soiled/mutilated
grade credit rating. currency notes?
4) They are allowed to accept/renew 1) Banks are expected to offer this service
public deposits for a minimum period of even to non – customers
12 months and maximum period of 60 2) The RBI has also authorized all
months. commercial bank branches to treat
5) They cannot accept deposits repayable certain notes in ‗two pieces‘ as soiled
on demand. notes and pay exchange value
3) All banks are authorized to accept
248. Participatory Notes (PNs) are associated soiled notes across their counters and pay
with which one of the following? the exchange value
1) Foreign Institutional Investors 4) All public sector bank branches and
2) Consolidated Fund of India currency chest branches of private sector
3) Foreign Direct Investors banks are authorized to adjudicate and
4) United Nations Development pay value in respect of mutilated notes
Programme 5) All of the above
5) None of these

18
254. Which of the following is the correct 5) All of the above
statement/s about the Automated Tailor
Machine (ATM) : 260. Which of the following was the first public
1) ATM is a computer which is dedicated sector commercial bank which had
to perform certain specific jobs only launched a mutual fund?
2) ATM is totally menu driven which 1) Indian Bank
displays instructions to the customer step 2) Canara Bank
– by – step for operating the same 3) State Bank of India
3) ATM is a user friendly machine and the 4) Bank of India
customer does not require any training to 5) Union Bank of India
use it
4) All of the above 261. Which of the following is a capital market
5) None of the above instrument?
1) Commercial paper
255. NABARD was set up as an apex 2) Negotiable certificate of deposit
development bank with a mandate for 3) Treasury bill
facilitating credit flow for promotion and 4) All of these
development of 5) None of these
1) Cottage and village industries
2) Handicrafts and other rural crafts 262. A new private sector bank
3) Agriculture 1) will be governed by the provisions of
4) Small – scale industries the RBI Act, 1934, the Banking
5) All of the above Regulation Act, 1949 and other relevant
statutes
256. Universal Bank is one which is present 2) would be governed by existing branch
universally ie, in all the countries of the licensing policy whereby banks could
world undertakes the functions of a open branches including at urban/metro
Development Financial Institution as well centres without prior approval of RBI once
as a commercial bank undertakes the capital adequacy and prudential
work of note – issuing authority, accounting norms were satisfied
monetary and regulatory authority, 3) would be subject to the directives,
banker of the Government and equipment instructions, guidelines and advices given
leasing by the Reserve Bank of India
4) All of the above 4) None of the above
5) None of the above 5) All of the above

257. A draft issued by the bank has been lost 263. Which of the following is a New private
by the payee. He sends a letter to the sector banks in India?
issuing bank to stop payment. Bank will: 1) Tamilnad Mercantile Bank Limited
1) Note caution and will advice the payee 2) lnduslnd Bank Ltd
to contact purchaser of the draft 3) South Indian Bank
2) Not act on the request 4) Lakshmi Vilas Bank
3) Stop payment 5) All of the above
4) Performs no action
5) None of the above 264. Which of the following is not an activity of
merchant banking in India?
258. NEFT means – 1) The management of the portfolio
1) Non – Effective Fund Transfer system 2) The management of underwriting of
2) Negotiated Efficient Fund Transfer shares and debentures
system 3) The management of projects and
3) National Efficient Fund Transfer counseling as well as appraisal
Solution 4) The management of the customers‘
4) National Electronic Fund Transfer securities
system 5) All the above are the activities of
5) Negotiated Electronic Foreign Transfer merchant bank
system
265. Which of the following bank has been
259. An industrial bank accepts from the included in the second Schedule to the
public RBI Act, 1934 with effect from 21st
1) Long – term deposits August, 2004 and thus is the latest
2) Short – term deposits entrant in Indian Banking as a new
3) Only call deposits generation private sector bank?
4) Medium – term deposits 1) Kotak Mahindra Bank Ltd
19
 2) Yes Bank Ltd subsidiary for a minimum prescribed
3) ICICI Bank Ltd period of operation.
4) HDFC Bank Ltd 3) Foreign banks would be allowed to
5) None of the above open more than the existing WTO
commitment of 12 branches in a year.
266. The National Housing Bank was set up in 4) Only (1) & (2)
India as a wholly – owned subsidiary of 5) All of the above
which one of the following?
1) Life Insurance Corporation of India 271. Which of the following are the scheduled
2) NABARD banks?
3) State Bank of India 1) HDFC Bank Ltd
4) HDFC 2) ICICI Bank
5) Reserve Bank of India 3) State Bank of Mauritius Ltd
4) All of the above
267. Which of the following is the first 5) None of the above
Universal Bank established in India?
1) IDBI Bank Ltd 272. Unit Banking System' is that system
2) Reserve Bank of India where, individual bank undertakes the
3) ICICI Bank Ltd banking business
4) NABARD 1) Through a few branches operating
5) None of the above within a limited area
2) Through a single office
268. Central Monetary Authority of the country 4) Only (2)
is 5) Both (1) and (2)
1) Union Finance Ministry 5) None of the above
2) Central Board of Direct Taxes
3) Planning Commission 273. Land Development Banks in India
4) Reserve Bank of India specialize in
5) All of the above 1) Crop loans
2) Long – term lending
269. Which of the following conditions must be 3) Medium – term lending
fulfilled before a bank is included in the 4) Short – term lending
Second Schedule to the Reserve Bank of 5) All of these
India Act?
1) It must be a State co – operative bank 274. In terms of section 6 (1) of the Banking
or a company as defined in the Regulation Act, as notified by the
Companies Act, 1956 or an institution Government of India from time to time,
notified by the Central Government in this commercial banks are permitted to
behalf or a corporation or a company undertake the business of
incorporated by or under any law in force 1) Mutual funds
in any place outside In 2) Insurance
2) It must satisfy the Reserve Bank of 3) Leasing, hire – purchase and factoring
India that its affairs are not being 4) Only (2)
conducted in a manner detrimental to the 5) All of the above
interests of the depositors
3) It must have a paid – up capital and 275. A new private sector bank
reserves of an aggregate value of not less 1) Will not be allowed to set up a
than Rs. 5 lakh subsidiary or mutual fund for at least
4) Only (1) three years after its establishment.
5) All of the above 2) Is expected to concentrate on core
banking activities initially
270. Which of the following statements are 3) Only (2)
correct with regard to foreign banks 4) Both (1) and (2)
operating in India? 5) None of the above
1) Foreign banks would be permitted to
acquire a controlling stake in a phased 276. Which of the following is a foreign bank in
manner, but only in those private sector India?
banks which are identified by the RBI for 1) Sonali Bank
restructuring. 2) IDBI Bank Ltd
2) The parent foreign bank of a wholly 3) Dena Bank
owned subsidiary would continue to hold 4) Kotak Mahindra Bank
100 per cent equity in the Indian 5) None of the above

20
277. Which of the following was the first newly
established private sector bank to 284. A company which pools money from
commence operations? investors and invests in stocks, bonds
1) ICICI Ltd and shares, is called:
2) Induslnd Bank Ltd 1) A bank
3) UTI Bank Ltd 2) Mutual Fund
4) Centurion Bank of Punjab Ltd 3) Bankassurance
5) All of the above 4) An insurance company
5) A non – banking financial company
278. The commercial banking system in India
consists of 285. A foreign bank is one
1) nationalized banks and private sector 1) Whose most of the branches are
banks situated outside India
2) Scheduled and non – scheduled banks 2) Which is incorporated outside India
3) Regional rural banks, co – operative 3) In which at least 40% equity shares are
banks and land development banks held 10 non – resident Indians
4) All of the above 4) All of the above
5) None of the above 5) None of the above

279. "Scheduled bank" means a bank 286. If a person is not satisfied with the
1) Authorized to transact Government decision passed by the Banking
business Ombudsman, he/ she can approach the
2) Included in the Second Schedule to the appellate authority against the Banking
Reserve Bank of India Act, 1934 Ombudsmen‘s decision. The Appellate
3) Incorporated under the Companies Act, Authority is vested in which among the
1956 following?
4) Governed by the Banking Regulation 1) High Court of the state in which Bank
Act, 1949 Branch is located
5) All of the above 2) Deputy Governor of Reserve Bank of
India
280. Which of the following is known as the 3) Governor of Reserve Bank of India
central bank of the country? 4) Managing Director of the Concerned
1) IBRD Bank
2) Central Bank of India 5) None of these
3) IDBI
4) Reserve Bank of India 287. Which of the following rates is not decided
5) All of these by the Reserve Bank of India (RBI) ?
1) Cash Reserve Ratio
281. The money market in India consists of two 2) Prime Lending rate
sectors, namely, the organized sector and 3) Reverse Repo Rate
the unorganized sector. 4) Repo Rate
Which of the following do not fall under 5) Bank Rate
organized sector?
1) Indigenous bankers 288. Which of the following statement/s is/are
2) Unit Trust of India true about SEBI?
3) Reserve Bank of India, State Bank of 1) SEBI was established in 1988
India and commercial banks 2) It was made a fully autonomous body
4) Life Insurance Corporation and General in 1992
Insurance Corporation 3) It regulates the securities market and
5) All of the above protect the interests of investors in
securities
282. Which of the following mobilize/s the 4) All of the above
savings of the public to specifically invest 5) None of these
in the industrial securities?
1) UTI 2) LIC 289. The transfer of a loan from one party to
3) GIC 4) All of these another is called
5) None of these 1) Assignment 2) Arbitrage
3) Amortization 4) Acquisition
283. In which country the Unit Banking 5) None of these
System is prevalent?
1) Great Britain 2) Pakistan 290. In which of the following year Small
3) India 4) USA Industries Development Bank of India
5) None of these (SIDBI) was established?
21
 1) 1960 2) 1964
3) 1990 4) 1988 298. Insurance Regulatory and Development
5) None of these Authority of India (IRDA) was established
in
291. A bond, debenture or preferred share that (1) 1996 (2) 1999
may be exchanged by – the owner for (3) 1986 (4) 1992
common stock or another security, (5) None of these
usually of the same company, in
accordance with the terms of the issue is 299. IDRA was established on the
known as recommendation of
1) Collateral 2) Convertible 1) Malhotra Committee
3) COFI 4) None of these 2) M Narsimham Committee
5) All of these 3) S L Kapoor Committee
4) R H Khan Committee
292. Non – Banking Financial Institutions 5) None of these
comprise of
1) Development Finance Institutions 300. The headquarter of IRDA is in
(DFIs) 1) Kolkata 2) Mumbai
2) Insurance Companies 3) New Delhi 4) Bangalore
3) Non – Banking Financial Companies 5) Hyderabad
(NBFCs) , Primary Dealers (PDs) , and,
capital market intermediaries, eg, mutual 301. Life Insurance Corporation of India (LIC)
funds was established on
4) Both (1) and (2) 1) 1 September, 1956
5) All of the above 2) 1 September, 1954
3) 12 Oct., 1956
293. Which of the following is a Term Lending 4) 2 Oct., 1954
institution? 5) None of these
1) ICICI Bank 2) IDBI Bank
3) EXIM Bank 4) None of these 302. LIC is owned by
5) AII of these 1) RBI
2) SBI
294. Which of the following fall in the category 3) Government of India
of refinance institutions? 4) IRDA
1) SIDBI 5) None of these
2) NABARD
3) National Housing Bank (NHB) 303. LIC is headquartered in
4) Both (2) and (3) 1) New Delhi 2) Bangalore
5) All of the above 3) Hyderabad 4) Mumbai
5) None of these
295. Which of the following is an investment
institution? 304. Which of the following statement is not
1) IDBI Bank true?
2) Life Insurance Corporation of India 1) IDBI was set up in 1964
3) ICICI Bank 2) IDBI provides Long – term finance to
4) None of the above industry
5) All of the above 3) IDBI was taken over by the Finance
Ministry in 1984
296. Which of the following Financial Institutes 4) IDBI was a wholly – owned subsidiary
are under full – fledged regulation and of RBI till 1976
supervision of Reserve Bank of India (RBI) 5) None of these
?
1) EXIM Bank 2) NABARD 305. Which is the principle financial institution
3) NHB and SIDBI 4) None of these for promotion, financing and development
5) All of these of small scale industries in the country?
1) RBI 2) SBI
297. Which of the following is the leader of the 3) IDBI 4) SIDBI
Indian money market? 5) None of these
1) Lead banks
2) Reserve Bank of India 306. The UTI was established in
3) Commercial banks 1) 1956 2) 1964
4) All of these 3) 1972 4) 1976
5) None of these 5) None of these
22
 315. Which one of the following is the premier
307. Which of the following is/are 'Term export finance institution of India?
Deposits'? 1) Reserve Bank of India
1) Fixed deposits 2) State Bank of India
2) Re – investment deposits 3) EXIM Bank
3) Recurring deposits 4) IDBI
4) None of these 5) None of these
5) All of these
316. National Housing Bank (NHB) is owned by
308. Which of the following is/are known as 1) RBI
Banker's Bank? 2) SBI
1) SBI 2) RBI 3) Government of India
3) SIDBI 4) NABARD 4) IDBI
5) None of these 5) None of these

309. Which of the following is the central bank 317. Reserve Bank of India (RBI) categorised
of the country? IDBI as a/an
1) RBI 2) SBI 1) Public Sector Bank
3) RRB 4) NABARD 2) Private Sector Banks
5) None of these 3) Regional Rural Banks
4) Other Public Sector Bank
310. Which of the following is/are functions of 5) None of these
the RBI?
1) Acts as the currency authority 318. BCSBI stands for
2) Controls money supply and credit 1) Banking Codes and Service Board of
3) Manages foreign exchange India
4) Serves as a banker to the government 2) Banking Credit and Standards Board of
1) (i) and (III) India
2) (ii) and (iii) 3) Banking Codes and Standards Board of
3) (i) , (ii) and (iii) India
4) (i) , (ii) , (iii) and (iv) 4) Banking Credit and Service Board of
5) None of these India
5) None of these
311. Which of the following is not correct about
Non – Banking Financial Companies 319. SWIFT stands for
(NBFCs) ? (1) Society for Worldwide Internal
1) NBFC cannot accept demand deposits Financial Telecommunication
2) NBFC can issue cheques drawn on it (2) Society for Worldwide Interbank
self Financial Telecommunication
3) NBFC is not a part of the payment and (3) Society for Worldwide Internet Fund
settlemei system Telecommunication
4) NBFCs are fast emerging segment of (4) Society for Worldwide Interbank Fund
Indi2 financial system Transfer
5) None of these (5) None of these

312. The working and operations of NBFCs are 320. What does EBT stands for
regulated by 1) Electronic Belated Transfer
1) SBI 2) RBI 2) Electric Beginners Transaction
3) Finance Ministry 4) All of these 3) Electronic Beginning Transaction
5) None of these 4) Electronic Benefit Transfer
5) None of these
313. Which of the following is not correctly
matched? 321. ECB Stands for –
1) RBI – 1935 2) ICICI – 1965 1) Electronic Commercial Bond
3) IDBI – 1964 4) SIDBI – 1990 2) England Cricket Board
5) None of these 3) External Commercial Borrowings
4) Emacs Code Browser
314. The National Housing Bank (NHB) was 5) None of these
established in
1) 1986 2) 1988 322. The CRR refer to the share of that banks
3) 1990 4) 1992 have to maintain with RBI of their net
5) None of these demand and time liabilities.
1) Illiquid cash 2) Liquid cash
23
 3) Gold 4) Forex reserves 5) None of these
5) None of these
331. In case a depositor wishes to withdraw his
323. Loss assets comprise assets where a loss deposits prematurely, banks
has been identified by 1) Do not allow premature withdrawal
1) Bank 2) Do not charge any penalty and allow
2) RBI the same
3) Finance Ministry 3) Do not allow the same till maturity of
4) Both (1) and (2) the deposits
5) None of these 4) Charge a penalty for the same
5) None of these
324. Normally, the following types of customers
require higher due diligence under KYC 332. For filing and resolving customer
norms, except complaints, the Banking Ombudsman
1) Politically exposed persons (PEPS) of 1) Charges a fee of Rs. 500/ –
foreign origin 2) Charges a fee of Rs. 1000/
2) Non – resident customers 3) Charges a fee of Rs. 1500/ –
3) Farmers with land holding over 10 4) Does not charge any fee
acres 5) None of these
4) High net worth individuals
5) None of above 333. Banks give contracts to third parties in
order to manage support services like
325. The Government of India promulgated 1) Help desk support
Banking Companies (Acquisition and 2) Credit card processing
Transfer of Undertakings) ordinance to 3) Call support service
acquire 14 commercial banks on 4) All of these
1) 1 July, 1969 2) 19 July, 1969 5) None of these
3) 1 Oct., 1969 4) 1 Nov., 1969
5) None of these 334. To create a strong and competitive
banking system, reform measures were
326. The paid – up capital of non – scheduled initiated in early 1990s. The Thrust
banks is less than of these reforms was on
1) Rs. 5 lakh 2) Rs. 10 lakh 1) Developing technological and
3) Rs. 12 lakh 4) Rs. 15 lakh institutional infrastructure
5) None of these 2) Strengthening supervision over banks
327. RBI was established on 3) Increasing operation efficiency
1) March 1, 1935 2) April 1, 1935 4) All of the above
3) April 1, 1934 4) March 1, 1934 5) None of the above
5) None of these
335. Which of the following aspects are
328. RBI controls the commercial banks outlined by policy of a bank?
through 1) Rating standards
1) Periodic inspection of banks 2) Lending procedures
2) Follow up action 3) Financial covenants
3) Calling for returns and other 4) All of these
information
4) All of the above 336. The Reserve Bank of India (RBI) has
5) None of these ________ deputy governor.
1) Four 2) Five
329. The Lead Bank scheme was introduced by 3) One 4) Six
the RBI in 5) None of these
1) 1967 2) 1969
3) 1971 4) 1973 337. The concept of base rate was introduced
5) None of these on July 1,2010 include
1) Tenor premium
330. Which are two major companies in the 2) Product – specific operating cost
mortgage business and provide stiff 3) Credit risk premium
competition to the commercial banks in 4) All of the above
the disbursal of housing loans? 5) None of these
1) NEDFI, HDFC
2) NEDFI, HUDCO 338. In which of the following year State Bank
3) LIC, HUDCO of Saurashtra merged with State Bank of
4) HDFC, HUDCO India?
24
 1) 1959 2) 1980 346. Licenses for opening new bank in India is
3) 1985 4) 2008 given by –
5) 2010 1) Finance Ministry
2) State Bank of India
339. Which of the following is not a 3) Reserve Bank of India
Government – sponsored organization? 4) Commerce and Industry Ministry
1) Small Industries Development Bank of 5) Planning Commission
India
2) NABARD 347. Securities market in India is regulated by
3) National Housing Bank –
4) ICICI Bank 1) RBI 2) NABARD
5) None of these 3) SIDBI 4) SEBI
5) IRDA
340. The Reserve Bank of India was
established on the recommendation of 348. Who is 'payee' in the Bank Cheques?
which committee/commission? 1) Always the banker
1) Simon Commission 2) Who encash the cheques
2) Narasimham Committee 3) Who issue the cheques
3) B N Mitra 4) Who cancel the cheques
4) Hilton – Young Committee 5) None of these
5) None of these
349. Money that flows regularly between
341. Which of the following is not a Public financial markets as investors attempt to
Sector Unit/Undertaking/Agency? ensure they get the highest short – term
1) ECGC 2) SEBI interest rates possible, is known as –
3) SIDBI 4) Axis Bank 1) Near money 2) Hot money
5) None of these 3) Optional money 4) Fiat money
5) Dear money
342. Where is the Headquarter of State Bank of
India located? 350. Drawer can be payee in the Bank
1) New Delhi 2) Mumbai Cheques?
3) Kolkata 4) Manipal 1) Yes
5) Chennai 2) No
3) It is illegal
343. Which of the following bank is 4) Bank should accept
headquartered in Kolkata? 5) RBI should accept
1) Bank of India 2) Indian Bank
3) Allahabad Bank 4) Union Bank 351. Highly liquid assets which are not cash
5) Canara Bank but can easily be converted into cash is
called as Optional money
344. "Reverse Mortgage" scheme is designed 1) Hot money 2) Near money
keeping which of the following groups of 3) Fiat money 4) Dear money
society in consideration? 5) Bill of Exchange means –
1) Youngsters who have just started
earning 352. Unconditional orders issued by the bank
2) Defence personnel whose life is always on RBI to adjust the funds at future rate
at high risk for repo rate for certain rate
3) Senior citizens 1) Conditional order issued by the
4) Women who do not have an government of India to file the payment
independent source of income order on Treasury bills
5) None of these 2) Unconditional order issued by a person
or business which directs the recipient to
345. The real return to the investor sometimes pay a fixed sum of money to a third party
gets reduced due to sudden rise in the at a future date.
prices of the commodities. This 3) Indian Banks issue the bills to the
phenomenon in financial market is known private parties on the secured payment of
as – the future date payments
1) Market risk 4) None of these
2) Credit risk
3) Inflation risk 353. The non legal tender money which is
4) Diversification of funds generally acceptable by the people in it's
5) None of these final payments is known as –
1) Near money 2) Hot money
25
 3) Optional money 4) Fiat money 2) UCO bank
5) Dear money 3) Bank of Maharastra
4) Union Bank of India
354. Who gives the Order to pay OR maker of 5) ICICI Bank
the Bill of exchange is called –
1) Drawee 2) Drawer 362. Who is 'Drawer' in the Bank cheques?
3) Payee 4) None of these 1) Who receive the cheques
5) All of above 2) Who issue the cheques
3) Ho encash the cheques
355. The Money that derives its value from 4) Always the banker
government regulation or law – 5) ho rejects the payment of cheque
1) Near money 2) Hot money
3) Optional money 4) Fiat money 363. Who is 'Drawee' in the Bank Cheques?
5) Dear money 1) Always the banker
2) Who issue the cheques
356. In the Bill of Exchange, on whom the 3) Who encash the cheques
obligation to pay rests is called – 4) Who rejects the payment of cheque
1) Drawer 5) Who receive the cheques
2) Drawee
3) Drawer and Drawee 364. State Bank of Indore was acquired by
4) Payee State Bank of India in which year?
5) None 1) 1980 2) 1985
3) 2008 4) 2010
357. The process of preparing budget for a 5) None of these
period of a year or even for several years
allocating capital outlays for the various 365. Initially there were how many Associate
investment projects is known as – banks of State Bank of India in 1959?
1) Capital Budgeting 1) Five 2) Six
2) Factoring 3) Seven 4) Eight
3) Balanced Budget 5) Nine
4) Balance of Payment
5) None of these 366. Which of the following bank was the first
bank to set up talking ATM in India?
358. The Foreign Exchange Reserves of India 1) United Bank of India
are kept in the custody of 2) State Bank of India
1) World Bank 3) Punjab National Bank
2) International Monetary Fund 4) Union Bank
3) Prime Minister Rahat Kosh 5) None of these
4) Reserve Bank of India
5) None of these 367. In 1976 Narang Bank of India was
acquired by which of the following bank?
359. Which of the following bank was merged 1) Punjab National Bank
with ICICI bank? 2) State Bank of India
1) Bank of Rajasthan 3) United Bank of India
2) Global Trust Bank 4) Bank of India
3) Centurion Bank 5) Bank of Baroda
4) New Bank of India
5) Imperial Bank of India 368. FERA 1993 passed to control the foreign
exchange dealings. FERA means?
360. The best alternative banking service to 1) Foreign Exchange Rules Act
branch banking to be the part of Financial 2) Foreign Exchange Regulation Act
Inclusion? 3) Foreign Exchange Regulation Activates
1) Giving Credit Cards 4) Four Exchange Regulation Act
2) Mobile banking 5) None of these
3) Issuing of ATM cards
4) Establishment of small branches 369. Which of the following bank is the old
5) Setup ATMs private sector bank in India?
1) Axis Bank
361. Which of the following bank opened a 2) ICICI Bank
Lockless branch at Shani Shinganapur in 3) Karur Vysya Bank
Maharashtra, respecting the local 4) HDFC Bank
customs? 5) Yes Bank
1) State Bank of India
26
370. Which among the following is not the 377. Which one of the following is the India's
Negotiable instrument? first indigenous payment gateway?
1) Cheque 1) India Expenditure
2) Bill of Exchange 2) India Pay
3) Demand Draft 3) India Challan
4) Cash Deposit form 4) India Payment
5) Promissory Note 5) India Rupee

371. When the Reserve Bank of India(RBI) is 378. How many banks were nationalized in the
the lender of last resort, what does it second phase of bank nationalization in
mean? India in 1980?
1) RBI advances money to public 1) 4 2) 6
whenever there is any emergency. 3) 9 4) 14
2) Commercial banks give fund to the 5) 18
RBI.
3) RBI advances necessary credit against 379. In 1980 Major commercial banks were
eligible securities. nationalized with deposit over ____ crores.
4) All of the above
5) None of the above 1) 5 crore 2) 10 crore
3) 50 crore 4) 100 crore
372. A bank conducts government business as 5) 200 crore
an agent of
1) Government of India 380. Which of the following bank was
2) Reserve Bank of India nationalized during the second phase of
3) President of India bank nationalization in India in 1980?
4) State Government concerned 1) Bank of Maharashtra
5) None of these 2) Dena Bank
3) Punjab National Bank
373. Gilt – edged securities means? 4) United Bank of India
1) Gold bonds 5) Oriental Bank of Commerce
2) The duplicate bonds
3) High – graded and low risk securities 381. In 1993, the government merged New
4) Certificates issued by Post Office Bank of India with which bank?
5) Stocks recognized by SEBI 1) State Bank of India
2) Bank of India
374. Which of the following firmly tell many 3) Punjab National Bank
rules and regulations relating to Non – 4) Bank of Baroda
Performing Assets (NPA) ? 5) United Bank of India
1) SEBI Act 1992
2) Foreign Exchange Management Act 382. Who was the prime minister of India
1999 during the nationalization of banks in
3) Banking Regulation Act 1949 1969 and in 1980?
4) Indian Contract Act 1872 1) Jawaharlal Nehru
5) Negotiable instrument act 1881 2) Gulzarilal Nanda
3) Indira Gandhi
375. Which committee suggested the banking 4) Morarji Desai
reforms? 5) P.V.Narasimha Rao
1) Kalia committee
2) Narasimham committee 383. Who started the saga of Liberalization of
3) Deepak Mohanty committee banks as a prime minister?
4) Syamala Gopinath committee 1) Indira Gandhi
5) Goparia committee 2) Jawahar Lal Nehru
3) Lal Bahadur Sastri
4) P.V.Narasimha Rao
376. Which of the following bank was merged 5) Atal Bihari Vajpayee
with HDFC bank?
1) Bank of Rajasthan 384. The decade 1990 – 2000 is the era of New
2) Global Trust Bank Generation tech – savvy banks. Which are
3) Centurion Bank established during this period?
4) Bank of Bombay 1) Global Trust Bank
5) Imperial Bank of India 2) UTI bank
3) ICICI
4) HDFC
27
 5) All of above 5) 1969

385. Which was the first New Generation tech – 394. In 1969 major commercial banks were
savvy banks in India? nationalized with deposit over ____ crores.
1) Global Trust Bank
2) UTI Bank 1) 5 crore 2) 50 crore
3) ICICI Bank 3) 100 crore 4) 200 crore
4) HDFC Bank 5) None of these
5) None of these
395. Who said the nationalization of banks is
386. Global Trust Bank later amalgamated the 'masterstroke of political sagacity'?
with which Nationalized Bank? 1) Indira Gandhi
1) State Bank of India 2) Atal Bihari Vajpayee
2) Bank of India 3) Jawahar Lal Nehru
3) Punjab National Bank 4) Jayaprakash Narayan
4) Oriental Bank of Commerce 5) None of them
5) Indian Bank
396. What was/were the main objective behind
387. Axis Bank Previously known as _____? this bank nationalization in India? I. To
1) Global Trust Bank spread banking infrastructure in rural
2) UTI Bank India II. To spread banking
3) New Bank of India infrastructure in Urban India III. Make
4) UTI cheap finance available to Indian farmers
5) None of these 1) Only I 2) Only II
3) I and II only 4) I and III Only
388. Banking Companies (Acquisition and 5) None of these
Transfer of Undertaking) Bill passed in
_______ paving way to the nationalization 397. Which of the following bank was not
of banks in India? nationalized in 1969?
1) 1961 2) 1969 1) Allahabad Bank
3) 1974 4) 1975 2) Bank of Baroda
5) 1981 3) Bank of Maharastra
4) Bank of India
389. Mutual funds are required to be registered 5) State Bank of India
with:
1) AMFI 398. Which of the following is the central
2) SEBI banking institution of India?
3) IBA 1) SIDBI 2) NABARD
4) RBI 3) SBI 4) RBI
5) NABARD 5) EXIM Bank

390. State Bank of India Act was passed in 399. Who was the first Indian appointed as the
which year? Governor of Reserve bank of India?
1) 1934 2) 1947 1) M. Narasimham
3) 1949 4) 1955 2) Benegal Rama Rau
5) 1959 3) C. D. Deshmukh
4) Dr. C. Rangarajan
391. In which year, Imperial Bank of India 5) Shanmugam Chettiar
became State Bank of India? 400. Who was the first governor of Reserve
1) 1935 2) 1947 Bank of India?
3) 1949 4) 1955 1) James Braid Taylor
5) 1959 2) Osborne Smith
3) C. D. Deshmukh
392. How many banks were nationalized in 4) P. C. Bhattacharya
1969? 5) Duvvuri Subbarao
1) 13 2) 14
3) 5 4) 6 401. Initially the Headquarter of Reserve Bank
5) 0 of India was in which city?
1) Mumbai 2) New Delhi
393. The State Bank of India (Subsidiary 3) Chennai 4) Lahore
Banks) act passed in which year? 5) Kolkata
1) 1934 2) 1947
3) 1955 4) 1959
28
402. The Headquarter of Reserve Bank of India 2) Punjab National Bank
is situated in which city? 3) Central Bank of India
1) Kolkata 2) New Delhi 4) Oudh Commercial Bank
3) Mumbai 4) Pune 5) Canara Bank
5) None of these
412. In 1839, there was a fruitless effort by
403. Who is the sole authority in India to issue Indian merchants to establish a Bank but
currency note? it failed within a decade. What is the
1) SBI 2) RBI name of the bank?
3) NABARD 4) SIDBI 1) Oudh Commercial bank
5) HDFC 2) Bank of Bengal
3) Central Bank of India
404. Reserve Bank of India was nationalized in 4) Union Bank
which of the following year? 5) Punjab National Bank
1) 1921 2) 1935
3) 1947 4) 1949 413. Which of the following banks was
5) 1957 established during the 'banking swadeshi'
period?
405. Reserve Bank of India is a 1) Allahabad Bank
1) An autonomous body 2) Canara Bank
2) A constitutional body 3) Bank of Bengal
3) Statutory body 4) Oudh Commercial Bank
4) Non – statutory body 5) Punjab National Bank
5) None of these
414. Central Bank of India was established in
406. Who was the governor of Reserve Bank of which of the following year?
India at the time of it's Nationalization? 1) 1806 2) 1840
1) C. D. Deshmukh 3) 1911 4) 1921
2) Osborne Smith 5) 1935
3) Benegal Rama Rau
4) James Braid Taylor 415. Which of the following is the oldest public
5) None of them sector bank in India still active?
1) Punjab National Bank
407. Panther and Palm Tree is symbol of which 2) Allahabad Bank
of the following bank? 3) Oudh Commercial Bank
1) Bank of Baroda 4) State Bank of India
2) State Bank of India 5) Corporation Bank
3) Reserve Bank of India
4) NABARD 416. Which among the following is India's
5) None of these Oldest Joint Stock Bank still functioning
today?
408. Reserve Bank of India act was passed in 1) State Bank of India
which year? 2) Bank of Baroda
1) 1921 2) 1926 3) Bank of India
3) 1934 4) 1935 4) Allahabad Bank
5) None of these 5) Central Bank of India

409. In which of the following year Reserve 417. Which among the following is India's first
Bank of India was established? Joint Stock Bank?
1) 1921 2) 1926 1) Allahabad Bank
3) 1934 4) 1935 2) Bank of Upper India
5) 1949 3) Bank of India
4) Bank of Baroda
410. Reserve Bank of India was established 4) State Bank of India
with initial share capital worth ____?
1) 1 crore 2) 5 crore 418. In which part of India, many banks are
3) 10 crore 4) 1 Lakh Crore established, which is called the 'Cradle of
4) None of these Indian Banking System'?
1) Northern Assam
411. Which was the first Indian bank with 2) Southern Karnataka
limited liability managed by Indian 3) Eastern Rajasthan
Board? 4) Southern Tamilnadu
1) Allahabad Bank 5) Western Maharastra
29
 428. Which one of the following is the first
419. The most banks in India failed between bank in India?
__________ Not less than 100 banks failed 1) Bank of India
due to various reasons? 2) Bank of Hindusthan
1) 1923 – 1928 2) 1913 – 1918 3) Central Bank of India
3) 1923 – 1948 4) 1903 – 1928 4) Bank of Calcutta
5) 1953 – 1958 5) Allahabad Bank

420. Punjab National Bank was established in 429. Modern Banking Concepts in India was
which place? brought by?
1) New Delhi 2) Mumbai 1) Arabians 2) Africans
3) Kolkata 4) Lahore 3) Mughal 4) Europeans
5) one of these 5) Americans

421. Bank of Bombay was established in which 430. Which one of the following was the first
of the following year? Presidency Banks in India?
1) 1806 2) 1786 1) Bank of Bengal
3) 1840 4) 1843 2) Bank of Mumbai
5) 1895 3) Bank of Madras
4) Bank of Bombay
422. Bank of Calcutta/ Bank of Bengal was 5) None of these
established by British to fund _________?
1) Development of Bengal 431. Which one of the following is the oldest
2) War against Nawab of Bengal Public Sector Banks in India?
3) War against Tipu Sultan and Marathas 1) Bank of Baroda
4) to help local establishment 2) Bank of Baroda
5) None of these 3) Allahabad Bank
4) Punjab National Bank
423. In which of the following year Imperial 5) Canara Bank
Bank of India was formed?
1) 1806 2) 1840 432. In which of the following year Punjab
3) 1895 4) 1921 National Bank was established?
5) 1935 1) 1806 2) 1840
3) 1843 4) 1865
424. Bank of Madras was established in which 5) 1895
of the following year?
1) 1806 2) 1786 433. The first commercial bank which was
3) 1840 4) 1843 solely owned and managed by Indians?
5) 1895 1) Bank of Bengal
2) Bank of Madras
425. In which of the following year Hilton – 3) Allahabad Bank
Young commission submitted it's report? 4) Central Bank of India
1) 1806 2) 1895 5) Punjab National Bank
3) 1921 4) 1926
5) 1935 434. Which period is called the 'banking
swadeshi' period when many Indians
426. Bank of Bengal was initially known as established many banks?
__________? 1) 1870 – 1940 2) 1910 – 1947
1) Bank of Kolkata 3) 1906 – 1911 4) 1947 – 1991
2) Bank of Madras 5) 1942 – 1947
3) Bank of Bombay
4) Bank of Calcutta 435. The banks established in Swadeshi period
5) None of these are ______________?
1) Indian Bank
427. During the British raj, which of the 2) Corporation bank
following banks had rights to issue 3) Bank of India
currency? 4) Bank of Baroda
1) Allahabad Bank 5) All of the above
2) Central Bank of India
3) Punjab National Bank 436. Which of the following bank is called
4) Presidency Banks India's First Truly Swadeshi Bank?
5) Canara Bank 1) State Bank of India
2) Allahabad Bank
30
 3) Punjab National Bank 4) Bureau for Investment and Financial
4) Oudh Commercial Bank Reconstruction
5) Central Bank of India 5) None of these

437. Which of the following banks worked as

quasi central bank under the British rule? 444. Who among the following is not a
1) Allahabad Bank members of SAARC?
2) Presidency Banks 1) India 2) Indonesia
3) Punjab National Bank 3) Sri Lanka 4) Maldives
4) Canara Bank 5) Afghanistan
5) Central Bank of India
445. The largest financial conglomerate of
438. Who is heading the panel appointed by India is:
the finance minister P Chidambaram to 1) HDFC Bank
formulate road – map for fiscal 2) ICICI Bank
consolidation? 3) IFCI
1) Parthasarathi Shome 4) SBI
2) Vijay Kelkar 5) None of these
3) Sanjiv Mishra
4) Indira Rajaram 446. Under which of the following methods of
5) Kaushik Basu depreciation, amount of depreciation
varies every year?
439. Which bank of Iran has been denied 1) Written Down Value Method
permission by the Reserve Bank of India 2) Straight Line Method
(RBI) to open its branch in India recently? 3) Amount of depreciation does not vary
1) Karafarin Bank 2) Parsian Bank on year to year basis
3) Sina Bank 4) Saman Bank 4) Either a or b
5) Ansar Bank 5) None of these

440. What is Yield Curve Risk? 447. Usually, the validity period of an Income
1) It is a line of graph plotting the yield of Tax Refund Order is:
all maturities of a particular instrument 1) 1 month 2) 2 months
2) Yield curve changes its slope and shape 3) 3 months 4) 6 months
from time to time 5) 4 months
3) Yield curve can be twisted to the
desired direction through the intervention 448. Which of the following is true
of RBI about "White Card"?
4) All of the above 1) It is related to companies producing
5) None of the above milk products
2) It does not carry on its face, the brand
441. The biggest international financial centre of the issuer
in the world: 3) It is meant to covert blank money into
(a) Frankfurt the economy
(b) Geneva 4) It is a card that provides white money
(c) London 5) None of these
(d) New York
(e) Paris 449. First bank in India to launch its
interactive banking service through Dish
442. The Base Year of Consumer Price Index TV:
Numbers for Industrial Workers (CPI – IW) 1) HSBC 2) ICICI Bank
is? 3) HDFC Bank 4) Axis Bank
1) 2001 2) 2008 5) None of these
3) 2010 4) 2011
5) 2012 450. Which of the following Indian state has
instituted nutrition awards at the district
443. The expansion of BIFR, in the context of level to check malnourishment among
the Indian Industry is: children?
1) Board for Industrial and Financial 1) Assam 2) West Bengal
Reconstruction 3) Haryana 4) Bihar
2) Bureau for Industrial and Financial 5) Kerala
Reconstruction 451. When is National Voters' Day celebrate in
3) Board for Investment and Financial India every year?
Reconstruction 1) January 23 2) January 25
31
 3) January 26 4) January 31 5) None of these
5) February 14
457. India ranks 134 in the recently published
452. RK Pachauri panel report is associated Human Development Index (HDI) . The
with which of the following issues? index measures which of the following to
1) India – Nepal trade agreement decide the rank of a country?
2) Allowing FDI from Pakistan A) Life expectancy
3) Golden Quadrilateral project B) Literacy and Education
4) Sethusamudram Project C) Forex reserves as a percentage of total
5) Repatriation of Bangladeshi refugees GDP
1) Only (A)
453. The Reserve Bank of India on February 2) Only (B)
21, 2012 has released the report on 3) Both (A) and (B)
Priority Sector Lending. Who was head of 4) All (A) , (B) and (C)
the Committee constituted to re – examine 5) None of these
the existing classification and suggest
revised guidelines with regard to priority 458. Dinar is the currency of which of the
sector lending and related issues? following countries?
1) M V Nair 1) Kuwait 2) Myanmar
2) KC Chakrabarty 3) Afghanistan 4) Pakistan
3) Pratip Chaudhuri 5) None of these
4) MD Mallya
5) None of them 459. 'The Doing Business Report', an
international publication, is published
454. Land development banks play a crucial every year by which of the following
role in organizations?
1) Providing crop loans to the farmers 1) World Bank
2) The provision of investment credit for 2) WTO
agriculture 3) Reserve Bank of India
3) Expanding social forestry (4) IMF
4) Developing allied activities in rural (5) None of these
sector
5) None of the above 460. Who amongst the following are the
members of BRIGS?
455. As per the news published in the media, A) India
India, China and some other countries are B) Indonesia
trying to grapple 'with money flooding the C) Brazil
economy from a record trade surplus, and 1) Only (A) 2) Only (B)
swelling of foreign exchange reserves of 3) Only (C) 4) Both (A) and (B)
the country. Why do the central banks 5) Both (A) and (C)
of such countries have to make special
efforts to check the flooding of money and 461. UIDAI was constituted as an attached
– foreign exchange in economy whereas office of the
for an ordinary man more money means 1) Ministry of Home Affairs
richness and prosperity? 2) Ministry of Finance
A) It generates artificial inflation in the 3) Planning Commission
economy. 4) Central Statistical Organization
B) It makes the Govt of that country 5) Registrar General & Census
revaluate its currency. Commissioner
C) It creates a situation where rate of
interest on loans and advances starts 462. In which one of the following states,Teesta
coming, down sharply. Urja hydro – power project is proposed to
1) Only (A) be set up?
2) Only (B) 1) Andhra Pradesh
3) All (A) , (B) and (C) 2) Arunachal pradesh
4) Both (A) and (C) 3) Sikkim
5) None of these 4) West Bengal
5) None of these
456. Which of the following taxes is collected
by the Goverment on sale of goods and 463. Mahmoud Ahmadinejad is the president
services in the country? of which of the following country?
1) NAT 2) GET 1) Libya 2) Egypt
3) VAT 4) SAT 3) Iraq 4) Iran
32
 5) Syria 3) DICCI Venture Capital Fund
4) Start – up Venture Capital
464. What are "Conflict commodities"? 5) None of these
1) Minerals mined in Naxalite – infested
areas 471. Which of the following date is observed as
2) International trade in arms World AIDS Day?
3) Valuable minerals which are claimed by 1) June 5 2) September 29
warring groups in civil war – torn 3) December 1 4) December 3
countries 5) None of these
4) Narcotics supplied by international
drug cartels 472. What do you mean by 'I' in the word
5) None of these AIDS?
1) Interest 2) Infection
465. Maximum amount of remittance under 3) Infected 4) Immune
Electronic Funds Transfer Scheme is 5) None of these
1) There is no restriction now.
2) Rs 10 lakhs 473. International Students Day observed in?
3) Rs 50 lakhs 1) September 5 2) November 17
4) Rs. 1 cr 3) December 1 4) September 29
5) None of these 5) None of these

466. In case of the Foreign Currency Non – 474. SFIO stands for
Resident (FCNR – 2) Scheme, the period 1) Serious Fraud Investigation Office
for fixed.deposit is 2) Simple Fraud Investigation Office
1) At the discretion of the bank 3) Small Fraud Investigation Office
2) For terms not less than two years and 4) Superior Investigation Office
not more than six years 5) None of these
3) For terms not less than one year and
not more than five years 475. CGTMSE (Credit Guarantee Fund Trust
4) As applicable to resident accounts for Micro and Small Enterprises) has been
5) None of these set up on the recommendations of:
(a) Narashimham Committee
467. Which of the following is not a public (b) Ghosh Committee
sector commercial bank? (c) Chore Committee
1) Central Bank of India (d) Kapoor Committee
2) State of Hyderabad (e) Krishna Committee
3) ICICI Bank
4) Regional Rural Bank 476. Duleep Trophy is associated with which of
5) None of the above the following sports?
1) Football 2) Badminton
468. Choose First Indian Governor of the RBI. 3) Table Tennis 4) Volleyball
1) C.D. Deshmukh 5) Cricket
2) Sachindra Ray
3) S. Mukherjee 477. "Bid Rate" denotes
4) D.I.G. Patel 1) The rate at which currency is offered
5) None of the above for sale
2) The rate at which currency is sold
3) The rate at which currency is
469. Who among the following is the Executive purchased
Director of UN women in South Asia? 4) The pre – determined rate for purchase
1) Michelle Bachelet 2) Carlos Lopes of currency
3) Jimmy Kolker 4) Helen Clark 5) None of these
5) None of these
478. The currency of payment for imports is
470. A venture capital fund dedicated to decided by
promoting Dalit entrepreneurs has been 1) The country of origin
registered by market regulator SEBI, 2) The currency appropriate to the
which will pave way for creating a corpus country of shipment of goods
to support business owned by people for 3) A group of arbitrator countries
the Scheduled Castes. Name the venture 4) Both 1) and 2)
capital fund. 5) None of these
1) Dalit Venture Capital
2) SC Venture Capital 479. Card Rate relates to
33
 1) Foreign Exchange 2) Trade deficit plus capital receipts
2) Debit Card 3) Current account plus capital account
3) Credit Card 4) Trade deficit
4) PLR 5) None of these
5) None of these
487. Banks obtain refinance for export packing
480. In which Pakistani city, officials have credit from
finally given in to a long – standing 1) IDBI 2) RBI
demand of peace activists regarding the 3) EXIM Bank 4) SBI
renaming of Shadman Chowk after 5) None of these
revolutionary freedom fighter Bhagat
Singh? 488. World Human Rights Day is observed on
1) Karachi 2) Islamabad 1) December 5 2) December 10
3) Lahore 4) Peshawar 3) December 15 4) December 20
5) None of these 4) None of these
489. LIBOR stands for
481. Al – Qaeda – linked Shabab fighters are 1) Liberal Interbank Offered Rate
associated with 2) Lisbon Interbank Offered Rate
1) Ethiopia 2) Mali 3) London Interbank Offered Rate
3) Tanzania 4) Somalia 4) London International Offered Rate
5) None of these 5) None of these

482. Name the person who led the 490. Famous Indian player Sunil Chhetri is
controversial operation Blue Star to flush associated with
out terrorists from the Golden Temple in 1) Boxing 2) Athletics
Amritsar in 1984 and was stabbed near a 3) Football 4) Hockey
hotel in Central London on September 30. 5) None of these

1) Lt Gen (Rtd) MA Zaki 491. The Subroto Cup is associated with which
2) Lt Gen (Rtd) AS Vaidya sports?
3) Lt Gen (Rtd) ZU Shah 1) Cricket 2) Hockey
4) Lt Gen (Rtd) KS Brar 3) Football 4) Lawn Tennis
5) None of these 5) None of these

483. Which state government has roped in 492. World Heart Day is observed on
Indian Air Force (IAF) to airlift rhino? 1) September 29 2) October 3
1) J&K 3) October 5 4) October 6
2) Arunachal Pradesh 5) None of these
3) Meghalaya
4) Assam 493. The Vijay Kelkar Committee on fiscal
5) None of these consolidation has pitched for a reduction
of the service tax and excise duty rates to
484. For which segments of people India Post, 1) 7% 2) 8%
the world's largest postal network, has 3) 9% 4) 10%
tied up with US – based Money Gram 5) None of these
International to provide money transfer
solutions? 494. Who is the author of the book From the
1) Armed forces Ruins of Empire?
2) Indians living abroad 1) Arundhati Roy 2) Raj Kamal Jha
3) Migrant laborers 3) Pankaj Mishra 4) Vikram Seth
4) Senior citizens 5) Kiran Desai
5) Workers of MNREGS
495. Durand Cup is associated with
485. Who is the author of the book A Tale of 1) Golf 2) Tennis
Two Revolts? 3) Badminton 4) Football
1) Rafiq Zakaria 5) None of these
2) Ramchandra Guha
3) Patrick French 496. Europe has retained the Ryder Cup after
4) Rajmohan Gandhi beating the US 14.5 – 13.5. This cup is
5) None of these associated with
1) Lawn Tennis 2) Golf
486. "Balance of Payments" means 3) Badminton 4) Football
1) Trade deficit plus total invisible 5) None of these
34
 5) No such limit
497. Famous Indian player Jwala Gutta is
associated with which sports? 505. According to a resolution adopted by the
1) Boxing 2) Athletics United Nations General Assembly,
3) Badminton 4) Squash 'International Day of Peace' is observed
5) None of these every year on which date?
1) September 1 2) September 14
498. Which of the following Twenty 20 cricket 3) September 21 4) September 30
rules is not correctly stated? 5) None of these
1) Each innings has a time limit of 75
minutes. For every over bowled after that, 506. Shanti Swarup Bhatnagar award is
the batting side gets extra 6 runs. associated with
2) If a batsman fails to reach the crease 1) Sports
within 90 seconds after the fall of wicket, 2) Art & Culture
the bowling side gets 5 penalty runs. 3) Science & Technology
3) A bowler can bowl a maximum of 6 4) Social Welfare
overs per innings. 5) None of these
4) Fielding restrictions are applicable for
the first six overs of the innings. 507. Kudankulam nuclear power plant is in
5) None of these 1) Kerala 2) Karnataka
3) Tamil Nadu 4) Andhra Pradesh
499. India First Life Insurance has launched a 5) None of these
device comprising a Samsung tablet PC
and a battery powered printer which 508. Which one of the following is the central
enables an agent to issue a policy on the bank of United States of America?
spot with or without access to internet. 1) Bank of America
Name the service. 2) Federal Bank
1) Magic Bricks 2) Magic Stick 3) Federal Reserve
3) Magic Boards 4) Magic Box 4) Federal Bank of America
5) None of these 5) Reserve Bank of America

500. World Tourism Day is observed on 509. The govt has mandated that from April 1,
1) 24th September 2013, all foreign investors desirous of
2) 25th September claiming benefits under the Double
3) 26th September Taxation Avoidance Agreements (DTAAs)
4) 27th September will have to produce TRC of their base
5) None of these country in which they are located. TRC
stands for
501. Which of the following is not core sector of 1) Tax Reduction Certificate
the Indian economy? 2) Tax Residency Certificate
1) Coal 2) Crude oil 3) Tax Rebate Certificate
3) Electricity 4) Steel 4) Tax Rehabilitation Certificate
5) Education 5) None of these

502. What is Moody's? 510. Name India's first National Security

1) FII Adviser.
2) Investment Regulator 1) Brajesh Mishra 2) JN Dixit
3) Rating Agency 3) SS Menon 4) KPS Gill
4) Merchant Banker 5) None of these
5) None of these
511. RBI has said that all public sector banks
503. Nirmal Bharat Yatra is associated with would get an interest subsidy of annually
1) National integration against short – term production loan up
2) Sanitation to Rs.3 lakh to farmers.
3) Tourism (1) 2% (2) 3%
4) Communal harmony (3) 4% (4) 5%
5) None of these (5) None of these

504. What is the Maximum Limit (cash – based 512. Which one of the following is the Apex
remittance) on the amount that could be Bank in India?
transferred using NEFT? 1) NABARD 2) SIDBI
1) 10,000 2) 50,000 3) SBI 4) RBI
3) 2,00,000 4) 5,00,000 5) EXIM Bank
35
 5) None of these
513. Which of the following banks was the
second bank to install Talking ATM in 521. Which of the following has signed a
India? Memorandum of Understanding (MoU)
1) United Bank of India with the United Nations Development
2) Bank of India Programme (UNDP) in August 2012 for
3) Union Bank setting up an 'International Centre for
4) State Bank of India Human Development' in India?
5) EXIM Bank 1) Center for Civil Society, New Delhi
2) Centre for Policy Research, New Delhi
514. Which among the following banks has 3) Tata Institute of Social Sciences,
more ATMs in India than any other bank? Mumbai
1) Bank of Baroda 4) Indian Institute of Advanced Study,
2) State Bank of India Shimla
3) Axis Bank 5) Indian Institute of Management,
4) HDFC Ahmadabad
5) ICICI Bank
522. Which of the following became the first
515. Which among the following terms not state to issue biometric identity cards for
used in Banking? fishermen in August 2012?,
1) Pay Order 2) Garnishee 1) Maharashtra 2) Karnataka
3) Lien 4) Emission 3) Kerala 4) Gujarat
5) Crossing 5) Tamilnadu

516. In the Bill of Exchange, to whom the bill 523. A money deposited at a bank that cannot
is payable, he is called? be withdrawn for a preset fixed period of
1) Payee time is known as a ___
2) Drawer 1) Term deposit
3) Drawer and Drawee 2) Checking Account
4) Drawee 3) Savings Bank Deposit
5) None 4) No Frills Account
5) Current Deposit
517. Bad debts mean?
1) Amounts owed to a company that are 524. A worldwide financial messaging network
going to be paid which exchanges messages between
2) Amounts owed to a company that are banks and financial institutions is known
going to be paid within 2 years as
3) Amounts owed to a company that are 1) CHAPS 2) SWIFT
not going to be paid 3) NEFT 4) SFMS
4) Amounts owed to a company that are 5) CHIPS
not going to be paid within 8 years
5) None of these 525. Technological Advancement in the recent
times has given a new dimension to
518. Which one of the following is the foreign banks, mainly to which one of the
private bank in India? following aspects?
1) HDFC 2) ICICI 1) New Age Financial Derivatives
3) SBI 4) Citibank 2) Service Delivery Mechanism
5) None of these 3) Any Banking
4) Any Type Banking
519. Pacific Tsunami Warning Center (PTWC) 5) Multilevel Marketing
established in which of the following
place? 526. Which of the following is NOT a function
1) Tokyo 3) Paris of the Reserve Bank of India (RBI) ?
4) Hawaii 5) Manila 1) Issuance, Exchange and destruction of
6) Canberra currency notes
2) Exchange Control Functions
520. Which of the following was launched by 3) Fiscal Policy Functions
UN Secretary – General Ban Ki–moon on 4) Monetary Authority Functions
August 12, 2012 to tackle the "precarious 5) Supervisory and Control Functions
state" of the world's seas due to pollution,
excessive fishing and global warming? 527. In which of the following fund transfer
1) Ocean Recharge 2) Ocean Renew mechanisms, can funds be moved from
3) Ocean Compact 4) Ocean Coral one bank to another and where the
36
 transaction is settled instantly without I. DPAP – Drought Protection Areas
being bunched with any other Programme
transaction? II. AIBP – Accelerated Irrigation
1) NEFT 2) RTGS Benefit Programme
3) TT 4) EFT 1) I only 2) II only
5) MT 3) Both I and II 4) Neither I nor II
5) None of these
528. Banking Ombudsman Scheme is
applicable to the business of 534. Which of the following launched 'Heritage
1) All scheduled commercial banks of Astronomy' portal in August 2012?
including RRBs 1) UNESCAP 2) UNICEF
2) All scheduled commercial banks 3) UNESCO 4) UNIDO
excluding RRBs 5) None of these
3) All scheduled banks except private
banks 535. A debt becomes time-barred after:
4) Only Public Sector Banks 1) One year
5) All Banking Companies 2) Two and a half year
3) Three years
529. The primary relationship between the 4) Five years
banker and the customer is that of: 5) Six years
1) Trustee and beneficiary
2) Debtor and Creditor
3) Principal and agent 536. . In the matter of handling bills of
4) Lesser and lessee exchange for collection, the relationship
5) None of these between customer and the bank is:
1) Trustee and the beneficiary
530. What is a 'Debit Card'?
2) Principal and agent
1) It is a card issued by a Rating Agency
3) Bailor and bailee
2) It is a card which can be used for
4) All of the above
withdrawing cash or making payment
5) None of the above
even in the absence of any balance in the
account
3) It is a card which can be used for
537. The host city of the G20 Finance
withdrawing cash or making payment if
Ministers & Central Bank Governors'
there is balance in the account
Meeting in 2016, is
4) It is a card which carries prepaid
1) Adelaide 2hangzhaou
balance
3) Sydney 4) Cairns
5) It is a card which can be used for
5) None of these
making STD calls
538. Which of the following statements on
531. Bad advances of a Bank are called
Indian exports to Pakistan and Pak FDI
________?
into India is/are correct?
1) Bad debt
I. Entities incorporated in Pakistan
2) Book debt
have been permitted to invest in India
3) Out of order accounts
subject to government approval
4) Non Performing Asset
II. India can export items mentioned
5) Overdrawn accounts
in Pakistan's `Positive List'
III. India can export all items except
532. Axis Bank is a ____________?
those in Pakistan's 'Negative List'
1) Public Sector Bank
1) I only 2) I and II only
2) Private Sector Bank
3) II only 4) III and I only
3) Co – operative Bank
5) All (I, II and III)
4) Foreign Bank
5) Gramin Bank
539. Who is the author of the book 'I was There
– Memoirs of a Cricket Administrator'?
533. The Cabinet Committee on, Infrastructure
1) Ajit Wadekar 2) Jaywant Lele
on August 3, 2012 approved the inclusion
3) Chandu Borde 4) Kirti Azad
of Extension, Renovation &
5) Jagmohan Dalmia
Modernization(ERM) projects in irrigation
and drinking water under the category of
540. The American computer scientist who
National Projects. Which of the following
created the C programming language at
abbreviations is/are matched correctly?
Bell Laboratories His name?

37
 1) Steve Jobs 2) Ken Thompson 2) Telecom Regulatory Authority of India
3) Dennis Ritchie 4) Patrick Fischer 3) Transport & Roads Authority of India
5) None of these 4) Telecom Regulatory Authority of India
5) None of these
541. In which of the following day, the World 549. Who is the President of the World Bank?
Diabetes Day is observed every year? 1) Paul Wolfowitz
1) October 13 2) November 9 2) James Wolfensohn
3) November 14 4) November 19 3) Rodrigo De Rato
5) November 21 4) Allen Greenspan
5) Jim Yong Kim
542. In India, November 11 is celebrated as the
National Education Day. It 550. Who among the following is India's chief
commemorates the birthday of which of economic advisor?
the following eminent personalities? 1) C Rangarajan
1) S.Radhakrishnan 2) Montek Singh Ahluwalia
2) C.V.Raman 3) Arvind subramayam
3) Maulana Abul Kalam Azad 4) Raghuram Rajan
4) A.P.J Abdul Kalam 5) None of these
5) B.C.Roy
551. Which of the following is not correctly
543. Who wrote the book titled "A Shot at matched according to recent data?
History"? 1) Bank Rate – 7.5%
1) Gagan Narang 2) VVS Laxman 2) Repo Rate – 6.5%
3) Abhinav Bindra 4) Vinay Kumar 3) CRR – 4%
5) Manavjit Singh Sandhu 4) SLR – 22%
5) None of these
544. Which country has the world's largest
uranium reserves (24% of the planet's 552. The full form of IRDA is
known reserves) ? 1) Insurance Regulatory and Development
1) Namibia 2) Russia Authority
3) Australia 4) Ukraine 2) International Reconstruction and
5) Mongolia Development Association
3) India Road Development Agency
545. 'One Rank, One Pension' is associated 4) International Refinance and
with Development Association
1) Indian Administrative Service 5) None of these
2) Indian Police Service
3) Indian Agriculture Service 553. TRIPS and TRIMS are the terms
4) Defence Services associated with which of the following
5) one of these organization/ Institution?
1) IBRD 2) IMF
546. The '__________Bank for International 3) WTO 4) IDA
Cooperation' has been allowed to pick up 5) None of these
26 per cent equity in the Delhi Mumbai
Industrial Corridor Development 554. The main determinant of real wage is
Corporation (DMICDC) in August 2012 extra earning
with LIC owning 25% and the government 1) Purchasing power of money
of India retaining 49%. 2) Nature of work
1) EU 2) Asian 3) Promotion prospect
3) Japan 4) Korea 4) None of these
5) None of these
555. Which are the first two Indian banks
547. According to the UN Convention on the allowed to open branches in Pakistan in
rights to children, which of the following August 2012?
is not a right? 1) HDFC Bank and ICICI Bank
1) Safe drinking water 2) SBI and Bank of India
2) Adequate standard of living 3) ICICI Bank and Bank of India
3) Education 4) SBI and HDFC Bank
4) Marriage 5) None of these
5) None of these

548. TRAI stands for 556. Based on the recommendations of the

1) Trans – Roadways Authority of India standing committee of the ministry of food
38
 and consumer affairs the Union cabinet capitalization of Rs. 1,00,000 crore in
recently cleared amendments to the India?
FCRA. It stands for 1) ICICI Bank 2) SBI
1) Foreign Companies Regulation Act 3) HDFC Bank 4) Bank of Baroda
2) Failed Companies Regulation Act 5) None of these
3) Forward Contract Regulation Act
4) Future Commodities Regulation Act 564. Which of the following is not considered
5) None of these as National Debt?
1) Long – term Government Bonds
557. What is the present CRR? 2) National Savings Certificates
1) 4.50 % 2) 4.75% 3) Provident Fund
3) 4.25% 4) 4% 4) Insurance Policies
5) None of these 5) None of these

558. The Reserve Bank of India (RBI) on 565. Insurance Sector in India is monitored by
August 3, 2012 issued a notification which of the following organizations/
asking all NBFCs intending to convert institution?
themselves into non – banking financial 1) RBI 2) SEBI
company – micro finance institutions 3) NABARD 4) IRDA
(NBFC – MFIs) to seek registration with 5) None of these
immediate effect. Which of the following
are compulsory for NBFC – MFIs? 566. In which of the following nations
I. They have to maintain net – Muhammad Yunus, generally regarded as
owned funds (NOF) at? 3 crore by March the 'godfather of micro – finance', belongs
31, 2013 to?
II. They have to maintain net – owned 1) Pakistan 2) Afghanistan
funds (NOF) at 7 5 crore by March 31, 3) Bangladesh 4) India
2014 5) China
1) I only 2) II only
3) Neither I nor II 4) Both I and II 567. Under MGNREGA for how many days in a
5) No Such Notification year is a guaranteed employment given to
a eligible person –
559. The government on August 24, 2012 1) 125 2) 150
decided to increase its stake in _______ to 3) 120 4) 75
55.57 per cent by converting optionally 5) 100
convertible debentures, (OCD) into equity.
1) NABARD 2) IFCI 568. Moortidevi Award is given for excellence in
3) SIDBI 4) NHB the field of –
5) None of these 1) Classical Dance
2) Literature
560. UNASUR is a group of countries in which 3) Classical Music
continent? 4) Social Service
1) Asia 2) Africa 5) Cinematography
3) South America 4) Europe 569. Which of the following agencies in India is
5) None of these responsible for computation of National
Income.
561. During the period of inflation, tax rates 1) NSS 2) NCAER
should 3) RBI 4) SIDBI
1) Decrease 2) Increase 5) CSO
3) Fluctuate 4) Remain constant
5) None of these 570. Which of the following is not considered
as a green house gas.
562. Which is the biggest tax – paying sector in 1) Methane 2) CO2
India? 3) Nitrous Oxide 4) Oxygen
1) Agriculture sector 5) All
2) Transport sector
3) Industrial sector 571. Which of the following Bank is limited to
4) Banking sector the needs of agriculture and rural
5) None of these finance?
1) RBI 2) IFC
563. Which of the following Indian banks 3) SBI 4) NABARD
became the first to touch a market 5) None of these

39
572. Scheduled Bank is that Bank which is – 580. When a bank returns a cheque unpaid,
1) Nationalized it's called
2) Not Nationalized 1) Payment of cheque
3) Based at foreign country 2) Drawing of the cheque
4) Included in the second schedule of RBI 3) Dishonouring of the cheque
5) Registered under company act, 1956 4) Canceling of the cheque
5) None of these
573. Open Market operation of Reserve Bank of
India is a part of it's 581. The Upper limit prescribed for RTGS
1) Income policy 2) Credit policy transaction is
3) Physical policy 4) Labor policy 1) Rs. 1 Lakh 2) Rs. 2 Lakh
5) None of these 3) Rs. 10 Lakh 4) Rs. 15 Lakh
5) No such upper limit
574. Closed Economy is that economy in which
– 582. Which one of the following is an Indian
1) Only Export takes place credit rating agency?
2) Money supply is fully controlled 1) Moody's
3) Deficit financing takes place 2) Standard & Poor's
4) Neither export nor import takes place 3) CRISIL
5) None of these 4) Fitch
5) None of these
575. The Reserve Bank of India in the month of
August, 2012 announced the launch of 583. FICN Stands for
field trials of polymer banknotes which 1) Forged Indian Currency Note
are more durable and provide better 2) Fresh Indian Currency Note
safeguard against counterfeiting of 3) Fair Indian Currency Note
currency. Which was the first country to 4) Fake Indian Currency Note
introduce polymer notes? 5) None of these
1) Canada 2) France
3) Australia 4) USA 584. The Reserve Bank of India (RBI) on
5) None of these August 14, 2012 issued draft guidelines
to limit the exposure of banks to their
576. How much are the unclaimed deposits group companies. Which of the following
lying with the banks in India as on statements is/are correct?
December 31, 2011 according to I. If the group company is a non –
information provided by the Reserve Bank financial services company, the exposure
of India (RBI) under the Right to will be limited to 10 per cent of paid – up
Information Act, 2005? capital and reserves of the bank
1) Rs. 1480 crore 2) Rs. 2480 crore II. If the group company is an
3) Rs. 3480 crore 4) Rs. 4480 crore unregulated financial services company,
5) Rs. 5480 crore the exposure will be limited to 5 per cent
of paid – up capital and reserves of the
577. Interest Payable at savings bank account bank
is 1) I only 2) II only
1) Not regulated by the RBI 3) Both I and II 4) Neither I nor II
2) Regulated by the RBI 5) None of these
3) Regulated by the Central Government
4) Regulated by the Finance Ministry 585. The Reserve Bank of India (RBI) , on
5) Regulated by the concerned bank August 14, 2012, asked banks to ensure
that variation – between retail and bulk –
578. Fixed deposit and recurring deposits are in interest rates on single term deposits of
1) Repayable on demand ..... and above' and other term deposits is
2) Repayable after death of the depositor minimal.
3) Not repayable 1) Rs. 5 lakh 2) Rs. 10 lakh
4) Repayable after an agreed period 3) Rs. 15 lakh 4) Rs. 20 lakh
5) None of these 5) Rs. 25 lakh

579. `What do you understand by 'T' in the 586. Which of the following abbreviations used
cash dispenser widely known as ATM? in Priority Sector Lending is/are matched
1) Transfer 2) Teller correctly?
3) Time 4) Tax I. PALS – Primary Agricultural Credit
5) None of these Societies

40
 II. FSS – Farmers' Service Societies 2) I and III only
III. LAMPS – Large Agricultural Multi – 3) I and II only
Purpose Co – operative Societies 4) All of these (I, II and III)
1) I only 2) I and II only 5) None of these
3) 11 and III only 4) III and I only
5) None of these 593. Institute for Development and Research in
Banking Technologies (IDRBT) is based at:
587. Institute of Banking Personnel Selection is 1) Mumbai 2) Hyderabad
based at: 3) Delhi 4) Bangalore
1) Mumbai 2) Bangalore 5) Kolkata
3) Hyderabad 4) Chennai
5) None of these 594. Which of the following was launched by
the RBI Governor at the Institute for
588. How many ATM withdrawals per month Development and Research in Banking
are allowed to 'Basic Savings Bank Technology on August 3, 2012?
Deposit Account' holders according to a I. RuPay Payment Gateway
RBI notification on August 10, 2015? II. Mobile Banking Security Lab
1) 2 2) 3 III. Indian Banks Technology
3) 4 4) 5 Consortium
5) 10 1) I only 2) I and II only
3) II and III only 4) III and I only
589. The portion of total deposits of a 5) None of these
commercial bank which has to kept with
itself in the norm of liquid assets is 595. Which one of the following is the first
called? developmental financial institution in
1) Statutory Liquidity Ratio India that got merged with a banks?
2) Cash Reserve Ratio 1) IDFC 2) IDBI
3) Statutory Reserve Ratio 3) ICICI 4) UTI
4) Cash Ratio 5) None of these
5) None of these
596. Which bank has become the first foreign
590. In which of the following regions, did the bank to open a branch in Israel's diamond
RBI first operationalised the Cheque exchange?
Truncation System? 1) Bank of India
1) Mumbai – Navi Mumbai 2) Bank of Baroda
2) Delhi – NCR 3) State Bank of India
3) Hyderabad – Secunderabad 4) HDFC
4) North – Eastern Region 5) Punjab National Bank
5) None of these
597. Which country recently joined World
591. In which year the Reserve Bank of India, Trade Organization (WTO) ?
central banking institution of India, was 1) China 2) India
established? 3) Luxemburg 4) Russia
1) 1921 2) 1806 5) Spain
3) 1949 4) 1935
5) 1947 598. Under banking ombudsman scheme, the
value of claim should not exceed
592. The Reserve Bank of India issued new 1) 1 Lakh 2) 5 Lakh
norms for securitisation of loans by 3) 10 Lakh 4) 15 Lakh
NBFCs on August 21, 2016. Which of the 5) 20 Lakh
following statements is/are correct?
I. NBFC cannot securitise a loan 599. Which is the Central Bank to the
unless three monthly instalments have Government in India.
been paid by the borrower. 1) SBI 2) RBI
II. NBFC cannot securitise a loan of 3) ICICI 4) SEBI
between two and five years duration 5) None of these
unless six monthly instalments have been
paid by the borrower 600. Financial Inclusion means
III. NBFC cannot securitise a loan of 1) Including every Indian citizen
above five years duration unless nine financially.
monthly instalments have been paid by 2) Providing banking services to
the borrower metropolitan areas.
1) I only 3) Special scheme for senior citizens.
41
 4) Special scheme for government 2) It is the rate at which RBI gives loans to
employees. poor people.
5) None 3) It is the rate at which commercial
banks borrows rupees from RBI.
601. Bulls and Bears is related with 4) It is the rate at which RBI borrows
1) Cricket 2) Shares rupees from Commercial banks.
3) Football 4) Boxing 5) None
5) None of these
609. Define the term KYC in banking sector.
602. RTGS means 1) Know Your Customer.
1) Money transfer from one branch to 2) Know Your Consumer.
another branch of the same Bank in real 3) Know Your Collapse.
time 4) Knew Your Customer.
2) Money transfer from one branch to 5) None.
another branch of the different Bank in
real time. 610. The term NPA stands for
3) Money transfer from one Country to 1) Non Performing Asset.
another country in real time. 2) Non Performing Adopt.
4) Both A & B 3) Not Performing Asset.
5) All of these 4) Non Performal Asset.
5) None.
603. Nationalized Banks are also called as
1) Public Sector banks. 611. Which of the following registers the
2) Private Sector banks. highest density in the country as per
3) Corporate banks. Census 2011?
4) MFI. 1) West Bengal 2) Chandigarh
5) None 3) Puducherry 4) Delhi
5) Maharastra

604. Which one is a private sector bank? 612. Which of the following organizations/
1) IDBI institution set up the Regional Rural
2) Bank of Maharastra Banks?
3) HDFC 1) Reserve Bank of India
4) SIDBI 2) NABARD
5) None of these 3) SBI
4) Government of India
605. What do you understand by F in the term 5) None of these
NEFT?
1) Fine 2) Fund 613. Initially, How many Regional Rural Banks
3) Flow 4) Fundamental were established with the capital share
5) None of these being 50% by the central government,
15% by the state government and 35% by
606. What is Reverse Repo Rate?? the scheduled bank?
1) It is the rate at which RBI gives loans to 1) Four 2) Five
its prime customers. 3) Six 4) Seven
2) It is the rate at which RBI gives loans to 5) More than 7
poor people.
3) It is the rate at which commercial 614. In which of the following year Regional
banks borrows rupees from RBI. Rural Banks (RRBs) were established in
4) It is the rate at which RBI borrows India?
rupees from Commercial banks. 1) 1965 2) 1969
5) None 3) 1975 4) 1982
5) None of these
607. What is the present Statutory Liquidity
Ratio (SLR) rate? 615. Recently, Government of India instructed
1) 24% 2) 23% Regional Rural Banks to Increase its
3) 22% 4) 4.25% branch network by how many percent
5) None of these every year?
1) 5% 2) 10%
608. What is Repo Rate?? 3) 15% 4) 20%
1) It is the rate at which RBI gives loans to 5) None of these
its prime customers.

42
616. We Know initially five Regional Rural 623. Which of the following day is observed as
Banks (RRBs) were set up in India in the World Breast Feeding day?
year 1975 and each RRB was sponsored 1) July 28
by a nationalized bank, Which one of the 2) First Sunday of August
following nationalized banks was not a 3) August 1
part of this? 4) August 12
1) Syndicate Bank 5) August 19
2) Punjab National Bank
3) State Bank of India 624. Who is the newly elected Deputy
4) Bank of India Chairperson of the Rajya Sabha?
5) United Bank of India 1) P.A Sangma
2) P.J Kurien
617. Which of the following Organization 3) Pranab Mukherjee
refinance Regional Rural Banks (RRBs) ? 4) Hamid Ansari
1) RBI 5) None of these
2) SBI
3) National Housing Bank 625. What is a multinational company?
4) NABARD 1) A joint venture among more than two
5) None of these countries
2) A company set – up with foreign
618. What was the main objective behind the capital.
setting up of Regional Rural Banks in 3) A company having operation in many
India? countries.
1) To provide low cost financing and credit 4) A company holding a monopoly over
facilities to the Slum dwellers in metro the sale of a certain commodity in several
cities countries
2) To provide low cost financing and credit 5) None of these
facilities to the rural masses
3) To provide low cost financing and credit 626. Which of the following statements
facilities to the Urban masses correctly define the meaning of Reverse
4) To provide low cost financing and credit Repo Rate?
facilities to prospective car owners. 1) The rate at which apex bank RBI lends
5) None of these money to commercial banks.
2) The amount of funds that the
619. On October 2 1975 five Regional Rural commercial banks have to keep with the
Banks (RRBs) were established by the RBI.
Government of India with a goal to help 3) The rate at which the apex bank RBI
what type of economy? borrows money from commercial banks.
1) Urban 2) Rural 4) The rate at which apex bank RBI allows
3) Metropolitan 4) All of these finance to commercial banks.
5) None of these 5) None of the above

620. Which of the following is the principal 627. At present in India, the monetary system
owner of a Regional Rural Bank (RRB) ? is managed by which of the following
1) Central Government organizations/ institutions?
2) State Government 1) Nationalized Banks
3) Reserve Bank of India 2) Reserve Bank of India
4) Sponsored Scheduled Bank 3) State Bank of India
5) All of these 4) Central Finance Ministry
5) None of these
621. Recently which city became the first city
to officially host the modern Olympic 628. The Central Government recently decided
Games three times? to subscribe to preferential equity shares
1) Sochi, Russia 2) Beijing, China issued by which of the two public sector
3) Athens, Greece 4) London, UK banks?
5) Sydney, Australia 1) SBI and UCO Bank
2) Bank of Baroda and Canara Bank
622. In which of the following year UTI Bank 3) SBI and PNB
rechristened itself as Axis Bank? 4) PNB and Union Bank of India
1) 1991 2) 1994 5) None of these
3) 2001 4) 2007
5) None of these 629. Which of the following bank become the
first Indian Bank to receive certification
43
 for its 'Complaints Management System 1) The Reserve Bank of India will have
(ISO 10002:2004) ' by the British less money to lend
Standard's Institution (BSI) ? 2) The commercial banks will have less
1) Axis Bank money to lend
2) State Bank of India 3) The Union government will have less
3) Yes Bank money to lend
4) ICICI Bank 4) The commercial banks will have more
5) None of these money to lend
5) None of these
630. In which of the following year Axis Bank
(Axis Bank Limited) started it's operation? 636. Hypothecation is:
1) 1991 2) 1994 1) A transaction of conditional sale
3) 2001 4) 2007 2) A legal transaction whereby goods may be made
5) None of these available as security for a debt
3) Transfer of ownership by the borrower to the lender
631. Which of the following is treated as 4) Either a or b
artificial currency? 5) None of the above
1) ADR 2) GDR
3) SDR 4) Equity shares 637. Payment of a cheque may be
5) Both ADR and SDR countermanded by the ___
1) Payee
632. Which of the following statements is not
2) Drawer
correct regarding prudential norms of
3) True owner
Reserve Bank of India (RBI) ?
4) Drawee
1) Lending of Scheduled Commercial
5) None of these
Banks, on a fortnightly average basis,
should not exceed 35 per cent of their
638. According to the proposed food security
capital fund.
bill, how much food grain will be given to
2) Banks are allowed to lend a maximum
a person belonging to below poverty line
of 50% of their capital fund on any day
(BPL) category per month?
during a fortnight.
1) 15Kg 2) 25Kg
3) Borrowings by Scheduled Commercial
3) 35Kg 4) 10Kg
Banks should not exceed 100 per cent of
5) 07kg
their capital fund.
4) Banks are allowed to borrow a
639. Which Indian Bank has taken step to
maximum of 125 per cent of their capital
form India‘s first Mortgage guarantee
fund on any day, during a fortnight.
entity just like other developed countries?
5) Banks are allowed to lend a maximum
1) SBI
of 25% of their capital fund on a
2) LIC Housing
fortnightly basis.
3) National Housing Bank
4) HDFC
633. Which bank has approved credit to
5) None of these
support India‘s project called Rashtriya
Madhyamik Shiksha Abhiyan?
640. QFI (Qualified Foreign Investment) is
1) Asian Development Bank
regulated in India by?
2) International Monetary Fund
1) RBI
3) World Bank
2) SEBI
4) International Development Bank
3) Financial Action Task Force
5) OPEC Fund for International
4) IRDA
Development
5) None of these
634. Which one of the following is responsible
641. J.S. Verma Committee Report relates to:
for the preparation and presentation of
1) Strengthening of weak banks
Union Budget to the Parliament?
2) Corporate Governance
1) Department of Revenue
3) Bank Mechanization
2) Department of Financial Services
4) All of the above
3) Department of Economic Affairs
5) None of the above
4) Department of Expenditure
5) Department of Fiscal Management

635. When the Reserve Bank of India(RBI)

642. Which of the following scheme has been
announces an increase of the Cash
launched by the Government of India to
Reserve Ratio (CRR) , what does it mean?
44
 improve the health of pregnant and 650. As decided by UNESCO, the International
lactating mothers? Literacy Day is observed on which of the
1) Dhan Lakshmi Yojna following days every year?
2) Matritva Sahayog Yojna 1) September 8 2) March 18
3) ASHA 3) March 28 4) September 18
4) Health for All Scheme 5) None of these
5) None of these
651. 'Project Tiger' is a scheme launched by
643. Many a time we read in financial which of the following –
newspaper about Public Debt. Which of 1) Government of Gujrat and Madhya
the following is/are the components of Pradesh
Public Debt.? 2) United Nations Wild Life Fund
I. Market Loans 3) Government of India
II. External Loans 4) Society for Prevention of Cruelty to
III. Outstanding against saving Animal(SPCA)
schemes/ provident fund 5) None of these
1) Only I 2) Only II
3) I and II Only 4) III Only 652. SBI recently launched SBI Virtual Card.
5) All I, II and III What type of Card is SBI Virtual Card?
1) Debit Card
644. The Reserve Bank of India reviews its 2) Credit Card
credit and monetary policy at which of the 3) Limit Debit Card
following intervals? 4) Limit Credit Card
1) Once in every five years 5) None of these
2) Every quarter
3) Every year 653. A Usance Bill when presented for
4) When Union Budged is announced acceptance has to be accepted/
5) None of these dishonoured within:
1) 24 hours
645. In India the Foreign Exchange Reserve is 2) 36 hours
kept in the custody of which of the 3) 48 hours
following Institutions? 4) 60 hours
1) EXIM Bank 5) 26 hours
2) Ministry of Finance
3) Treasury Offices 654. Who was the governor of the Reserve
4) Reserve Bank of India Bank of India at the time of its
5) Select Public Sector banks Nationalization?
1) D. Subbarao
646. The term 'Half Nelson' is associated with 2) Dr. Manmohan Singh
which of the following sport? 3) C.D. Deshmukh
1) Polo 2) Golf 4) O.A. Smith
3) Wrestling 4) Tennis 5) None of these
5) Swimming
655. Which bank first established the Talking
647. Christine Lagarde is holding which of the ATM in India?
following posts at present? 1) United Bank of India
1) President of ADB 2) Bank of Baroda
2) Chancellor of Germany 3) State Bank of India
3) Minister of Finance, France 4) Union Bank (Union Bank of India)
4) Managing Director of IMF 5) None of these
5) Director General of WHO
656. Which of the following is not correct about
648. The Chairmanship of the Asian the acceptance of deposits by the Non –
Development Bank (ADB) is always Banking Financial Companies (NBFCs) ?
allotted to which of the following country? 1) They are allowed to accept/renew
1) South Korea 2) Philippines public deposits for a minimum period of
3) Japan 4) Singapore 12 months and maximum period of 60
5) China months.
2) They cannot accept deposits repayable
649. How many deputy governers are there in on demand.
RBI 3) The repayment of deposits by NBFCs is
1) 5 2)4 guaranteed by the RBI
3) 6 4) 8 4) Their deposits are not insured.
45
 5) They should have minimum investment 664. The Economic and Social Commission for
grade credit rating. Asia and the Pacific (ESACAP) is
associated with which of the following
657. Which one of the following is the correct organizations?
sequence in the decreasing order of 1) World Bank 2) European Union
contribution of different sectors to the 3) SAARC 4) ASEAN
Gross Domestic Product (GDP) of India? 5) UNO
1) Service – Agriculture – Industry
2) Service – Industry – Agriculture 665. Invoice is a:
3) Industry – Service – Agriculture 1) Accounting document
4) Industry – Agriculture – Service 2) Legal document
5) Agriculture – Industry – Service 3) Commercial document
4) All of the above
658. What is the present name of the erstwhile 5) None of the above
UTI Bank?
1) Yes Bank 2) IDBI Bank Ltd 666. Reserve Bank of India was established on
3) Axis Bank 4) RBS the recommendation of which
5) IndusInd Bank Commission/ Committee/ Act?
1) All India Rural Credit Survey
659. Which of the following is not a Banking or Committee
Finance company? 2) Willingdon Committee
1) RBS 2) Barclays 3) Hilton – Young Commission
3) Lufthansa 4) HSBC 4) Government of India Act
5) BNP Paribas 5) None of these

660. Which of the following is not a money 667. Who became the first overseas player to
market instrument? get the honorary Life Membership of the
1) Treasury Bills Sydney Cricket Ground(SCG) in 2012?
2) Commercial Papers 1) Jonathan Trot
3) Certificate of deposit 2) Brian Lara
4) Equity Shares 3) Rahul Dravid
5) None of these 4) Sachin Tendulkar
5) V.V.S.Laxman
661. Which of the following term refers to 668. Bharti Airtel became the first telecom
Smart Money? player to launch the 4G service in India
1) Foreign Currency on April 11, 2012. In which city was this
2) Internet Banking service launched?
3) Credit Card 1) New Delhi 2) Kolkata
4) Travelers Cheques 3) Bangalore 4) Mumbai
5) US Dollars 5) Chennai

662. A Money Deposited in a Bank that cannot 669. Fortune magazine has released the list of
be withdrawn for a preset fixed period of "12 Greatest Entrepreneurs of our Time".
time is known as a Who is the only Indian in this list?
1) Savings Bank Deposit 1) Ratan Tata
2) Checking Account 2) Mukesh Ambani
3) Term Deposit 3) Dhirubhai Ambani
4) No Frills Account 4) N.R.Narayana Murthy
5) Current Deposit 5) Azim Premji

663. Many Banks have launched their 680. Which of the following offenses is
subsidiaries which are fully owned by investigated by National Investigation
them. Banks launch subsidiaries Agency (NIA) ?
normally for which of the following 1) Communal 2) Corruption
business? 3) Terrorist 4) Environmental
I. Home Loan Business 5) None of these
II. To Sell Insurance Policies
III. To Control Online Operations or 681. Headquarter of SAARC is situated in
Internet Banking Business 1) Maldives 2) Bhutan
1) Only I 2) Only II 3) Nepal 4) Sri Lanka
3) Only III 4) All I,II and III 5) Bangladesh
5) None of these

46
682. Jwala Gutta is associated with which 3) July 8 4) August 8
game 5) None of these
1) Long Jump 2) High Jump
3) Badminton 4) Discus throw 691. Which of the following is true about
5) Javelin throw RuPay?
I. It is a domestic card payment
683. Which among the following bank was network
merged in PNB in 90‘s II. RuPay is the Indian wing of Visa
1) New Bank of India Inc
2) Bank of Rajasthan III. RuPay Network was setup bu
3) Bank of Indore National Payments Corporation of India
4) Bank of Punjab (NPCI)
5) None of these 1) Only I is true
2) Only II is true
684. Which state government in India recently 3) Only I and III are true
issued 'Samajik Mukti' smart card to the 4) All True
workers of unorganized sector? 5) None True
1) Bihar 2) Tripura
3) Tamil Nadu 4) West Bengal 692. The Government is planning to set up a
5) None of these new body to oversee telecom and cyber
security called the
685. Business Correspondent framework 1) International Telecom Network Security
launched by the Reserve Bank of India is Coordination Board
a step in achieving which of the following? 2) National Telecom Network Security
1) Transparency in Banking transactions Coordination Corporation
2) Financial Inclusion 3) National Telecom Network Security
3) Better control over cooperative Coordination Board
4) Providing direct subsidy to consumers 4) International Telecom Network Security
of Public Distribution System (PDS) . Coordination Corporation
5) None of these 5) None of these

686. We often heard the term DRS in News

Papers or in News Channels. What 'R' 693. On which of the following dates it the
mean in DRS? National Youth Day observed to
1) Receive 2) Receipt commemorate the birth anniversary of
3) Review 4) Replay Swami Vivekanand?
5) None of these 1) January 11 2) January 12
3) January 13 4) January 14
687. Victoria Azarenka is associated with Lawn 5) January 15
Tennis belongs to which country?
1) Belgium 2) Belarus 694. The third phase of Red Ribbon Express
3) Brazil 4) Serbia has been lainched recently and will cover
5) None of these 23 states of India. The Red Ribbon
Express is designed to spread awareness
688. Head office of which of the following Bank about
is in Kolkata? 1) Corruption
1) Union Bank of India 2) HIV/AIDS
2) United Bank of India 3) Official Red – tapism
3) Punjab National Bank 4) Honour Killing
4) State Bank of India 5) Awareness against Maoists
5) None of these
695. Who among the following has wrote the
689. Which of the following Awards is given for book titled ―Idea of Pakistan‖?
excellence in the field of Music? 1) General Kayani
1) Kalidas Samman 2) Stephen Cohen
2) Saraswati Samman 3) Yousuf Raza Gilani
3) Tansen Samman 4) Imran Khan
4) Arjuna Award 5) Gen Parvez Musharraf
5) None of these
696. NRI day is celebrated on which date?
690. On which day World Oceans Day is 1) January 8 2) January 9
observed? 3) January 10 4) January 11
1) May 8 2) June 8 5) First Sunday of January
47
 5) None of these

697. Homai Vyarawalla, was India's first

woman 704. Which of the following is not among the
1) Speaker of the Lok Sabha Industries/sectors given priority in
2) Governor of an Indian State natural gas supply in the country?
3) Photo Journalist 1) Steel 2) Fertilizer
4) Captain of Woman's Cricket Team 3) LPG 4) Power
5) Advocate General 5) None of these

698. Who among the following has written the

book ―Non – Stop India‖? 705. The Financial year for Banks is April –
1) Wilson John 2) Mark Tully March but is the financial year for RBI?
3) Chetan Bhagat 4) Gurcharan das 1) April – March
5) Raj Kamal Jha 2) July – June
3) January – December
699. Which of the following country is the 4) October – September
highest source for foreign direct 5) None of these
investment to India, accounting for 40%
of FDI flow in the last ten years, according 706. Which is the latest method for payment of
to the RBI? Income tax dues to the government?
1) USA 2) Mauritius 1) Internet 2) RTGS
3) UK 4) Singapore 3) NEFT 4) ATM
5) None of these 5) None of these

700. The government plan to set up a Green 707. 'World Economic Outlook' report is
National Accounting (GNA) system to published by –
evaluate impact of economic growth on 1) IMF 2) RBI
environment. Who has been selected as 3) UNCTAD 4) World Bank
the chairperson of the expert group GNA? 5) None of these
1) Madhav Gadgil
2) Parthasarathi Shome 708. 'Operation Twist' is the New Name given
3) B. Ulhas Karanth to America's Federal bank strategy related
4) Partha Dasgupta to –
5) None of these 1) Selling Gold Reserves in the market
2) Curtailing down assistance
701. The government has approved the revival 3) Increasing Outsourcing activities
of Scooters India Limited (SIL) through 4) Reducing Interest rate to promote long
induction of a joint venture partner – run loans
recently. SIL sells scooters under 5) None of these
which trademark?
1) Bharat 709. The first air – conditioned double decker
2) Vikram train in India has been started between –
3) Bajaj Scooter 1) Howrah – Patna
4) Vijay 2) Sealdah – Darjeeling
5) Mayur 3) Howrah – Delhi
4) Howrah – Dhanbad
702. Where was the World Spice Organization 5) None of these
(WSO) set up recently?
1) Kannur 2) Kochi 710. Which of the following has launched the
3) Kollam 4) Kottyam ‗Trans Union Score‘ that will indicate
5) None of these credit – worthiness of consumers applying
for loan from Banks? –
703. Which of the following is not one of the 1) Experian Credit Information Co
objectives of setting up the Warehousing 2) Credit Information Bureau Ltd.
Development and Regulatory Authority? 3) Indian Credit Rating Agency
1) To improve farm sector Yield 4) Equifax Information services
2) To enable farmers to avail of loans
against food grains stored 711. Which bank has announced an end to its
3) To reduce post – harvest losses in ‗teaser‘ home loans? –
foodgrain storage 1) HDFC 2) SBI
4) To prevent post harvest distress sales 3) ICICI 4) UBI
by farmers 5) None of these
48
 5) None of these
712. The government has launched ‗Service
Discharge Benefit Scheme‘ for over 2.7 719. Which of the following statements about
lakh employee of which organization new RBI policy on bank loans to Non –
recently? – banking Finance Companies (NBFCs)
1) Department of Telecom is/are correct? –
2) Indian Army I. Bank loans to NBFCs will not
3) Department of Posts come under priority sector lending
4) Indian Railways II. NBFCs cannot charge a rate of
interest higher than the RBI prescribed
713. Accredited Social Health Activists (ASHAs) rate in lending funds borrowed from
in which state are known as ‗Mitanins‘? – banks.
1) Jharkhand 2) Rajasthan III. The Interest margin earned by
3) Chattishgarh 4) Odisha NBFCs in lending funds borrowed from
5) None of these banks cannot exceed the ceiling of the
RBI.
714. ‗Health and Wellness Tourism – 1) I only 2) II only
Advantage India‘, a study that offers a 10 3) III only 4) I and II Only
points prescription to boost health and 5) None of these
wellness tourism in India, is a joint
initiative of Yes Bank and _________. 720. Which of the following has proposed the
1) MCI 2) FICCI setting up of a National Knowledge
3) IMA 4) CII Functional Hun(NKFH) to facilitate
5) None of these interaction between the industry and
institutions of higher education to
715. Kimberley Process certificates are produce better quality manpower
compulsory for trade in which of the recently? –
following? – 1) National Knowledge Commission
1) Diamond 2) ASSOCHAM
2) Gold 3) CII
3) Radioactive materials 4) FICCI
4) All of the above 5) None of these
5) None of these
721. Nuclear plants in India have an ‗Exclusion
716. The Foreign Contribution Regulation Act Zone‘ of ________ surrounding the power
(FCRa) 2010 came into effect from May 1, stations, in which no habitation is
2011. Which of the following statements permitted.–
is/ are correct? 1) 1.4 Km 2) 1.6 Km
I. Organizations of political nature 3) 16 Km 4) 8.4 Km
can receive foreign funds only after prior 5) None of these
clearances from the government.
II. Organizations that receive foreign 722. Improving regulation of which of the
funds will have to renew their registration following was the subject of the Finance
once every three years. Ministry appointed KP Krishnan
III. Banks will have to immediately Committee? –
report to the government about all foreign 1) Credit Ration Agencies
funds exceeding Rs. 10 Lakh. 2) Mutual Funds
1) I only 2) II Only 3) Microfinance Institutions
3) III Only 4) I and II only 4) Life Insurance companies
5) None of these 5) None of these

717. Who is the present Cabinet Secretary? – 723. ‗Asha‘ is a low – priced milk food drink
1) A.K Seth 2) Vinod Rai introduced for rural consumers by which
3) A.K. Sen 4) Jahar Sarkar of the following? –
5) None of these 1) Cadbury
2) Amul
718. The Reserve Bank of India has increased 3) Glaxo Smith Kline
the amount of money that can be loaded 4) Nestle
on Mobile Phones(Mobile Wallet) to 5) None of these
__________ from the existing limit of Rs.
5000 recently. – 724. Which of the following has launched ‗Tiny
1) Rs. 50,000 2) Rs. 15,000 Cards‘ with biometric Identifications to
3) Rs. 25,000 4) Rs. 10,000
49
 expand the coverage of banking services 3) National Council of Applied Economic
in rural parts of the country? – Research
1) ICICI Bank 2) UBI 4) National Institute of Financial
3) NABARD 4) SBI Management
5) Bank of India 5) None of these

725. Which of the following is the new income 731. CARINGS has been launched by Ministry
tax return from salaried employee of Women and Child Development to –
introduced by the finance ministry 1) Improve gender parity
recently – 2) reduce infant mortality
1) Suvidha 2) Sahaj 3) facilitate adoption
3) Sugam 4) Saral 4) Improve child immunization
5) None of these 5) None of these
732. The Union Cabinet has approved
726. Anushakti Vidhyut Nigam Ltd was amendments in the Coinage Bill 2009
incorporated as a joing venture between that seeks to amalgamate four existing
Nuclear power Corporation of India lts acts relating to coinage recently. Which of
and which of the following recently? – the following acts is the oldest? –
1) NMDC 2) NHPC 1) The Indian Coinage Act
3) BHEL 4) NTPC 2) The Small Coins (Offenses) act.
5) None of these 3) The Medal Token Act
4) The Bronze Coin (Legal Tender) act
727. Which of the following become the first oil 5) None of these
and gas company to find shale gas
deposits in India recently? 733. Which of the following organization has
1) Reliance Industries Lts. introduced a new tool named Data Ware
2) Cairn India Housing and Business Intelligence System
3) Essar Oil (DWBIS) for speedy analysis of data and
4) ONGC identification of violations? –
5) None of these 1) IRDA 2) SEBI
3) RBI 4) TRAI
728. Infant Mortality Rate data for high focus 5) None of these
states(states where IMR is above national
average) is collected once every five years. 734. The government has introduced three new
The Union health Ministry has now consumer price indices – CPI (Rural) , CPI
decided to collect such data __________ – (Urban) , CPI (Combined) – with 2010 as
1) Half – yearly the base year recently. Which of the
2) Annually following is not among the five major
3) once every two years commodity groups covered in the indices?
4) once every three years –
5) None of these 1) Food, beverages and tobacco
2) Fuel and light
729. The term ‘round – tripping‘ often appears 3) Education and schooling
in financial news these days. What does it 4) Housing
mean? – 5) None of these
1) Importing products that are not easily
available in the domestic markets. 735. Which of the following does not come
2) Indian companies re – exporting under the definition of Scheduled
imported products without any value Commercial Banks in India? –
addition. 1) Scheduled State Co – Operative banks.
3) Bringing back illicit money hidden 2) Scheduled Urban Co – Operative
abroad by Indians under a different name banks.
4) Imposing high customs duty to 3) Regional Rural banks
discourage dumping goods in Indian 4) None of the above
Market 5) None of these
5) None of these
736. The headquarter of Punjab National Bank
730. Which of the following was founded in is at –
1956 by the Government of India with 1) New Delhi 2) Mumbai
funding from the Ford Foundation? – 3) Kolkata 4) Punjab
1) National Institute of Public Finance and 5) None of these
policy
2) National Institute of Bank management
50
737. Which of the following is not listed on 3) South Africa 4) Japan
stock exchanges in India? – 5) None of these
1) Fertiliser Companies
2) NBFC‘s 745. Standard Bank is originally belongs to
3) Insurance Companies which country? –
4) Air lines 1) Great Britain 2) Netherlands
5) None of these 3) South Africa 4) Japan
5) None of these
738. Which among the following is not a
product of banks? – 746. ‗The Nation banks on us‘ is a business
1) Saving A/c 2) Current A/C tagline of which commercial bank in
3) Debit Card 4) Credit Card India? –
5) Debentures 1) Punjab National Bank
2) UBI
739. Who was the governor of RBI who 3) Bank of Baroda
represented India in Bretton wood 4) SBI
negotiations in 1944? – 5) None of these
1) O.A Smith
2) C.D Deshmukh 747. The Bombay Stock Exchange launched
3) Duvvuri Subbarao the BSE TASIS Shariah 50 – a stock index
4) Manmohan Singh that is compliant with Shariah – recently.
5) None of these The index cannot invest in shares of
companies in which of the following
740. Which of the following has become the sector? –
first state in India to announce a monthly I. Banking
allowance to unemployed under – II. Cement and Steel
graduates recently? – III. Alchohol and Tobacco products
1) Goa 2) Kerala 1) I only 2) II only
3) Tamil Nadu 4) West Bengal 3) I and III only 4) III Only
5) None of these 5) None of these

741. Ms. Arundhati Bhattacharya is the 748. The first nationalized bank in India? 1)
Chairman and Managing Director of SBI 2) RBI
which Commercial Bank in India – 3) PNB 4) UBI
1) UBI 5) None of these
2) PNB
3) SBI 749. Which of the following has decided to
4) Bank of Baroda enter the nuclear power sector following
5) None of these an agreement with the Nuclear Power
corporation recently?
742. Which of the following about the FDI in 1) Tata power 2) NHPC
retail sector is/are correct? – 3) ONGC 4) Indian Oil
I. 100% FDI is permitted in cold 5) None of these
chain through automatic route.
II. 100% FDI is permitted in 750. Which of the following bank has launched
wholesale cash and Carry. the ‗ Bank on Bike‘ initiative to cover
III. Upto 33% FDI is permitted in villages untouched by banking facilities so
single brand retail. far, recently?
1) I only 1) PNB 2) Bank of India
2) I and II only 3) Bank of Baroda 4) SBI
3) III only 5) None of these
4) I, II and III – All Correct
5) None of these 751. Which of the following is the oil
exploration and production company
743. Currently the total number of SBI operating in Siberia and owned by the
Associate Bank working? – ONGC? –
1) Eight 2) Seven 1) Venture Production
3) Six 4) Five 2) Regal petroleum
5) Four 3) Imperial energy
4) Enterprise Oil
744. ING Group is originally belongs to which 5) None of these
country? –
1) Great Britain 2) Netherlands
51
752. Which of the following is not covered 4) IRDA
under the compulsory labeling 5) None of these
programme of the Bureau of Energy
Efficiency (BEE) ? – 760. Life insurance corporation of India was
1) Air Conditioner created in which year? –
2) Geysers 1) 1st September 1956
3) Refrigerators 2) 1st January 1956
4) Distribution Transformers 3) 22nd November 1972
5) None of these 4) 1st April 1949
5) None of these
753. The headquarter of Allahabad Bank is at –
1) Allahabad 2) Lucknow 761. Cairo Programme of Action(POA) refers to
3) Kolkata 4) New Delhi which of the following? –
5) None of these 1) Vaccination
2) Adult Literacy
754. Which foreign banks publishes the 3) Food Security
monthly Purchasing Managers Index (PMI) 4) Population control
that measures the health of 5) None of these
manufacturing sector in India and based
on a survey of top 500 companies? – 762. Industrial Development Bank of India
1) HSBC 2) Barclays Bank (IDBI) was established in which year? –
3) Citi Bank 4) Sanchart Bank 1) 1956 2) 1964
5) None of these 3) 1982 4) 1988
5) None of these
755. The headquarter of Bank of India is at –
1) Kolkata 2) Baroda 763. Which of the following has/have been
3) New Delhi 4) Mumbai selected as the sole fund manager by the
5) None of these Employees Provident Fund Organisation
(EPFO) to manage its corpus of about Rs.
756. In 2010 which of the SBI Associates Bank 3.5 Lakh recently? –
was merged with the mother bank – SBI? 1) State Bank of India
– 2) ICICI Prudential
1) State Bank of Saurastra 3) HSBC
2) State Bank of Indore 4) Reliance Capital
3) State Bank of Bikanir 5) none of these
4) State Bank of Jaipur
5) None of these 764. What is the objective of the central
registry launched under the provision of
757. Tax on short term capital inflows is the SARFAESI Act 2002, recently?
named after which Nobel Laureate in 1) To Prevent leakage of funds in delivery
economics? – of central government sponsored rural
1) Gary Becker employment schemes
2) James M. Buchanan 2) To prevent tax evasion by Indians by
3) James Tobin keeping track of large transactions in the
4) Myron Scholes banking system.
5) None of these 3) To prevent frauds in loan cases
involving multiple lending from different
758. We often come across the term Production banks on the same asset
Sharing Contract (PSC) in financial news 4) To ensure timely delivery of agricltural
these days. PSC refers to sharing of credit under priority sector norms by
output with the government by Public Sector Banks
companies, public sector as well private 5) None of these
ones, in which sector? .
1) Fertiliser 2) Food Processing 765. Rabobank has received the Reserve Bank
3) Telecoms 4) Petroleum of India approval to set up its first branch
5) None of these in India recently. It is a bank
headquartered in which country? –
1) France 2) Belgium
759. The apex body in Insurance sector in 3) Britain 4) Netherlands
India is 5) None of these
1) SEBI
2) RBI 766. Justice Wadhwa Committee is reviewing
3) Ministry of Finance the functioning of which of the following?
52
 1) Mid – Day meal programme 4) National Minerall Development
2) Public distribution system Corporation (NMDC)
3) Rashtriya Swasthya Bima Yojna 5) None of these
4) Indira Awas Yojna
5) None of these 774. What does the word ‗remittances‘, a word
we often come across in newspaper article
767. Which of the state was in news for on Foreign exchange reserve, refers to –
passing a Bill for regulating Micro Finance 1) Money transfer by a Migrant worker to
Institutions recently? their home country
1) Tamil Nadu 2) Bihar 2) Postponement of Payment to the IMF
3) Karnataka 4) Andhra Pradesh 3) Donation by Individuals to a charity
5) None of these 4) Taxation obligation of developing
768. In which year National Housing Bank was countries
established? 5) None of these
1) 1998 2) 1988
3) 1978 4) 1982 775. What is the objective of the National
5) None of these Mission for Electric Mobility launched
recently?
769. The pension fund regulatory and 1) Promoting the use of Battery operated
development authority (PFRDA) has taken vehicles
which of the following decision to 2) Promoting the use of energy savings
popularize the New Pension System (NPS) devices
recently? 3) Promoting the replacement of diesel by
1) It has increased government subsidy electric locomotives in Indian railway
for NPS deposit holders 4) Promoting the spread of mobile services
2) It has increased distributors in Rural Areas in India
commission. 5) None of these
3) It has allowed premature withdrawal
4) It has increased the interest rate on 776. Which state in India has launched the
NPS deposits ‗Jeevandhara‘ programme to provide
5) None of these quality medicines at affordable prices to
the poor recently? –
770. The general insurance business in India 1) Andhra Pradesh 2) Gujrat
was nationalised by Government of India 3) Maharastra 4) Rajasthan
in which year? 5) none of these
1) 1971 2) 1972
3) 1982 4) 1956 777. What is the objective of India Smart Grid
5) None of these Forum (ISGF) ? –
1) To Promote R and D collaboration
771. What is meant by recent news reports between universities and industry
saying – ‖Indian Rupee is appreciating‖? – 2) To promote energy efficiency in power
I. The purchasing power of the sector
Rupee in India has declined 3) To promote the use of Non – renewable
II. The Exchange rate of Rupee in source of energy
India has gobe up 4) To promote higher education using
III. The purchasing power of the Broadband.
Rupee in India has gone up 5) None of these
1) I Only 2) II only
3) Both II and III 4) III only 778. Which of the following became the India‘s
5) None of these first bank to facilitate payment of Income
tax using ATM recently? –
772. GRIHA rating system is used for which of 1) State Bank of India
the following? – 2) Union Bank of India
1) Cement 2) NBFC‘s 3) Punjab National Bank
3) Buildings 4) Gold 4) Canara Bank
5) None of these 5) None of these
773. Which of the Public Sector Companies
Sold Gold coins and Silver ornaments 779. The government had approved the
under the trademark ‗Sanchi‘? – creation of posts of ‗Indirect Tax
1) Rate Earths Ltd Ombudsmen‘ in several cities recently? –
2) Minerals and Metals Tradng I. It will be set up in Seven Cities
Corporation (MMTC) II. It will examine public complaints
3) State Trading Corporating (STC) on Income Tax matters
53
 III. It will have the powers to give 3) Punjab National Bank
settle claims and give ―awards‖ to the 4) Traders Bank
aggrieved parties
1) I only 2) II Only 787. Bank of Calcutta was established in –
3) II and III Only 4) I and III Only 1) 1801 2) 1806
5) None of these 3) 1809 4) 1843
5) None of these
780. Which of the following statement is/are
correct about the distribution of Central 788. The rate at which RBI takes loans from
Financial Assistance to states? commercial banks is known as –
I. Central Financial Assistance for 1) Repo rate
States is calculated according to the 2) Reverse Repo Rate
Gadgil Formula 3) Bank rate
II. The highest weightage is given to the 4) Interest rate
per capita income of the state 5) None of these
III. The lowest weightage is given to
the population of the state. 789. Initially, at the time of establishment of
1) I Only 2) II only Reserve Bank of India, the headquarter of
3) I and II only 4) III only RBI was situated in –
1) Mumbai 2) Delhi
781. The all india federation of Horological 3) Kolkata 4) Madras
Industries represents the Interest of 5) None of these
Which of the Following Sectors?
1) Watch 790. Bank of Bengal, Bank of Bombay, Bank of
2) Horticulture Madras were also known as –
3) Gems and Jewelery 1) Presidency Banks
4) Pharmaceuticals 2) Traders Bank
5) None of these 3) Imperial Banks
4) None of these
782. The abbreviation ‗EAG States‘ mentioned 5) None of these
in the Census 2011 refers to which of the
following? – 791. The imperial bank of India was converted
1) Eligible Action Group States to State Bank of India on 1st July 1955
2) Economically Advancing Group States on the basis of recommendation made by
3) Empowered Action Group States –
4) Empowered Advancing Group States 1) All India Rural Credit Survey
5) None of these Committee
2) Mudalliar Committee
783. Power produced from which of the 3) Abid Husen Committee
following sources has the highest share in 4) None of these
India‘s annual power generation capacity?
– 792. First report of Narasimham Committee
1) Hydro 2) Coal was submitted in –
3) Gas 4) Nuclear 1) 1991 2) 1998
5) None of these 3) 1995 4) None of these

784. Monetary policy Referes to the policy of – 793. The second report of Narasimham
1) Money Lenders Committee regarding India‘s Banking
2) Government Sector reforms submitted in –
3) Commercial Banks 1) 1991 2) 1998
4) RBI 3) 1997 4) 2008
5) None of these 5) None of these

785. Controller of credit of commercial banks 794. Which committee had recommendation to
in India is – reduce the value of SLR and CRR –
1) SBI 2) SEBI 1) Narasimham Committee
3) RBI 4) ICICI 2) Chakraborty Committee
5) UTI 3) Ranjarajan Committee
4) None of these
786. First Bank in India with full liability and
managed by Indian was – 795. When face value of currency is higher
1) Bank of Hindusthan than internal values – this currency
2) Allahabad Bank known as –
54
 1) Fiat Currency 2) Soft Currency 5) None of these
3) Token currency 4) Hard currency
5) None of these 804. Bank rate of RBI is also known as –
1) Interest Rate 2) Discount Rate
796. When a currency is enforced by law it is 3) Fed rate 4) Bid rate
known as – 5) Base rest
1) Fiat Currency 2) Soft Currency
3) Token currency 4) Hard currency 805. Which of the following is not the any
5) None of these element of quantitative credit control
policy of RBI –
797. In the ‗Dear Money Policy‘ of RBI – 1) CRR
1) Money supply is raised by reducing the 2) SLR
value of Bank Rate 3) Selective credit control
2) Money supply is reduced by increasing 4) Open market operation.
the value of Bank Rate 5) None of these
3) Money supply is increased by
increasing the value of Bank rate 806. At present CRR of RBI is –
4) Money supply is reducred by increasing 1) 4% 2) 7.5%
the value of bank rate 3) 8.5% 4) 3.75%
5) None of these 5) None of these

798. In which country some federal banks act 807. The limitation of CRR of RBI is –
as the central bank being united – 1) 3 – 10% 2) 3 – 15%
1) USA 2) UK 3) 15 – 38% 4) 10 – 25%
3) China 4) Germany 5) None of these
5) None of these
808. The apex organization of Indian money
799. Bank of International Settlement was market is –
established in – 1) SBI 2) SEBI
1) 1930 2) 1935 3) RBI 4) IRDA
3) 1940 4) 1945 5) None of these
5) 1949
809. If the cash reserve is lowered by RBI, what
800. Deposit Insurance corporation, a fully will be its effect on credit creation –
subsidiary of RBI, was established by RBI 1) Decrease
in – 2) Increase
1) 1962 2) 1965 3) No Change
3) 1970 4) 1978 4) first increase then decrease
5) 1980 5) None of these

801. Presently the monetary policy of RBI is 810. The expansion of money supply of an
based on the recommendation of – economy depends on –
1) Chakraborty Committee 1) The policy of CRR
2) Narasimham Committee 2) The bank rate policy
3) Abid Hused Committee 3) Open market operation
4) Kelkar Committee 4) All of these
5) None of these 5) None of these

802. A currency whose exchange rate tends to 811. Among the following who are eligible to
fall because of persistent balance of benefit from the Mahatma Gandhi
payment deficit is known as – National Rural Employment Guarantee
1) Hard currency Act? –
2) Soft Currency 1) Adult Members of only the scheduled
3) Gold Currency caste and scheduled tribe holders
4) Sinking Currency 2) Adult of below poverty line household
5) Fiat Currency 3) Adult members of household of all
backward community
803. Modernised Currency notes presses in 4) adult members of any rural household
India are located in 5) None of these
1) Mysore in Karnataka
2) Salboni in West Bengal 812. Which of the following banks merged with
3) Hyderbad in Andhrapradesh Punjab national banks in 1993 –
4) Both a and b 1) New bank of India
55
 2) Central Bank of India 4) Auditor and Comptroller general of
3) Imperial Bank of India India
4) Common bank of India 5) Cabinet Secretary
5) Bank of Rajasthan
820. Which of the following regulatory
813. A currency, the exchange values of which authority to oversee the new issues,
is expected to remain stable due to strong protect the investment and investors,
performance by it‘s economy. This promote the development of Capital
currency is – Market and regulate the working of Stock
1) Soft Currency 2) Hot currency Exchange –
3) Fiat currency 4) Hard Currency 1) UTI 2) IRDA
5) Fiat Currency 3) RBI 4) SEBI
5) None of these
814. The Reserve Bank of India issues under
the following note issue method? – 821. After a long span of 22 years, RBI released
1) Proportional Reserve System Rs.1000/ – currency note for circulation
2) Minimum Reserve System in –
3) Maximum Reserve System 1) 2000 2) 2002
4) Fixed Fiduciary System 3) 2005 4) 2008
5) None of these 5) 2004

815. What is a Scheduled Bank? – 822. Regional Rural banks are working in all
1) A bank having Rs 10 Crore deposits states of the country except –
2) A bank having Rs 100 Crore deposits 1) Sikkim and Goa
3) A bank having Rs 5 Crore deposits 2) Sikkim and Manipur
4) A bank included in the second 3) Manipur and Nagaland
schedule of RBI act 1934. 4) Jammu and Kashmir
5) None of these 5) Goa and Meghalay

816. How many languages are used on a Ten 823. The National Housing Bank is a
Rupee note? – subsidiary of –
1) 2 2) 7 1) RBI 2) NABARD
3) 10 4) 15 3) IDBI 4) UTI
5) 16 5) SIDBI

817. The place where bankers meet and settle 824. At present the ceiling of Foreign Direct
their mutual claims and accounts is Investment (FDI) in insurance sector in
known as – India is –
1) Treasury 1) 26% 2) 49%
2) Clearing House 3) 51% 4) 74%
3) Dumping House 5) 20%
4) Collection centre
5) Convention Centre 825. Rs. 25 Paisa was ceased by the Govt of
India on –
818. The largest Public sector bank in India – 1) 30th June 2011
1) SBI 2) PNB 2) 30th July 2011
3) RBI 4) ICICI 3) 1st January 2011
5) None of these 4) 1st July 2011
5) 1st April 2011
819. Which of the following is not the function
of RBI – 826. Initial Public Offering (IPO) is associated
1) Banker‘s bank with –
2) Banker to public 1) RBI
3) Custodian of foreign exchange 2) Stock Exchange
4) Bankers to Govt. 3) IRDA
5) None of these 4) Indian Postal Service
5) NBFC
832. Who is responsible for the collection and
publication of monetary and financial 827. The Basic regulatory authority for mutual
information – funds and stock markets lies with the –
1) Finance Commission 1) Government of India
2) Finance ministry 2) Reserve Bank of India
3) RBI
56
 3) Securities and Exchange Board of India 3) Regional Rural Banks
(SEBI) 4) RBI
4) Stock Exchange 5) None of these
5) None of these
834. Which of the following banks is the
828. First Governor of RBI was – banker to the government –
1) Hilton Young 1) SBI 2) SEBI
2) Paul Samuelson 3) RBI 4) IRDA
3) C.D.Deskmukh 5) None of these
4) O.A Smith
5) None of these 838. Which of the followings are the function of
RBI –
829. At the time of nationalization who was the 1) Regulation of currency and flowing of
Governor of RBI – credit system
1) O.A Smith 2) J.B Taylor 2) Maintaining exchange values of rupee
3) C.D. Deshmukh 4) K.C.Neogy 3) Formulating monetary policy of India
5) None of these 4) Banker‘s bank
5) All of these
830. The RBI was nationalized in the year –1)
1949 2) 1956 839. Credit rationing in India is done by –
3) 1959 4) 1947 1) SBI 2) LIC
5) None of these 3) UTI 4) RBI
5) None of these
831. The general superintendence and director
of the bank is entrusted to central board 840. The first bank of India was –
of directors of – 1) Bank of Hindusthan
1) 10 members 2) 21 members 2) Imperial Bank
3) 25 members 4) 30 members 3) Bank of Bengal
5) None of these 4) Oudh Commercial Bank
5) PNB
832. Paper currencies of our country are
issued by RBI under – 841. The first Indian fully liability and
1) Section – 22 of the RBI act – 1934 managed bank was –
2) Section – 24 of the RBI act – 1934 1) PNB
3) Section – 28 of the RBI act – 1934 2) Traders Bank
4) Section 43 of the RBI act of 1934 3) SBI
5) None of these 4) Presidency Bank of India
5) Allahabad Bank
833. One rupee currency notes bear the
signature of – 842. The rates at which the RBI extends credit
1) PM to the commercial bank is called –1) Bank
2) President of India Rate
3) Governor of RBI 2) Reverse Repo Rate
4) Finance Secretary of India 3) Interest Rate
5) None of these 4) Base Rate
5) None of these
834. Ten rupees notes bear the signature of –
1) President 843. In which of the following is not the any
2) Finance Minister element of monetary policy of RBI –
3) Secretary of Ministry of finance 1) Bank rate
4) Governor of RBI 2) Open Market Operation
5) None of these 3) Public Expenditure
4) All of these
835. Which of the following is the banker of the 5) None of these
banks –
1) IDBI 2) SBI 844. 100 rupees note bears the signature of –
3) RBI 4) UTI 1) Governor of RBI
5) None of these 2) PM
3) Finance Secretary of India
836. In which of the following banks one can‘t 4) Chairman of Finance Commission
open a personal account – 5) None of these
1) Co – Operative Banks
2) Commercial banks
57
845. Which of the following is the last lender of 853. A centralized database with online
the last resort of commercial bank – connectivity to branches, internet as well
1) SBI 2) Union Govt. as ATM – network which has been
3) RBI 4) UTI adopted by almost all major banks of our
5) None of these country is known as?
1) Investment Banking
846. The RBI is agent of central government 2) Core Banking
and of all state government except – 3) Mobile Banking
1) Bihar 4) National Banking
2) Goa 5) Specialized Banking
3) Jammu and Kashmir
4) Mizoram 854. Which of the following is NOT considered
5) None of these a money market instrument?

847. Controller of credit of commercial banks 1) Treasury Bills

in our country is – 2) Repurchase Agreement
1) RBI 2) SEBI 3) Commercial Paper
3) ICI 4) UTI 4) Certificate of Deposit
5) None of these 5) Shares and Bonds

848. The Banking Concept in India was first 855. Which of the following is necessary while
developed by – opening deposit accounts in banks?
1) Danish 2) British 1) Will 2) Registration
3) French 4) Indian 3) Nomination 4) Indemnity
5) None of these 5) Guarantee
856. Which of the following is not a banking
849. The rate at which RBI gives short term term?
credit to the commercial banks against 1) Letter of credit
government securities with buy back 2) MIBOR
provision is called – 3) Factoring services
1) Bank Rate 4) Entry load
2) Repo Rate 5) None of these
3) Reverse repo rate
4) Interest rate 857. Which of the following organizations
5) None of these issue the rules of global trade?
1) IMF
850. The rate at which RBI takes loans from 2) World Trade Organization
commercial banks is called – 3) Foreign trade
1) Repo Rate 4) G – 20
2) Reverse Repo Rate 5) None
3) Bank Rate
4) Interest Rate 858. One single statement that depicts the
5) None of these financial position of a Bank and / or
Business enterprise at a given point of
851. Banks in our country normally publicize time is called:
that additional interest rate is allowed on 1) Statement of product details
retail domestic term deposits of? 2) Foreign exchange
1) Minors 3) Balance Sheet
2) Married Women 4) Balance of payment
3) Senior citizens 5) Trading and Manufacturing account
4) Government Employees
5) Rural residents 859. The Reverse Mortgage scheme is
launched to give benefit to which of the
852. When the rate of inflation increases? following groups of society?
1) Purchasing power of money increases 1) Persons below 60 yrs
2) Purchasing power of money decreases 2) Senior Citizens
3) Value of money increases 3) Unemployed youth
4) Purchasing power of money remains 4) Orphans
unaffected 5) All
5) Amount of money in circulation
decreases 860. One of the major challenges banking
industry is facing these days is curbing
deliberate efforts of some people to bring
58
 money earned through illegal activities in 868. NBFCs are an important part of the
circulation. Which of the following act Indian financial system. What is meant by
is passed to prevent this activity? this term?
1) Payment & settlements Act 1) New Banking Financial Companies
2) Control money supply Act 2) Non Banking Financial Companies
3) Narcotics and Psychotropic substance 3) Neo Banking Financial Confederation
Act 4) Non banking Fiscal Companies
4) Prevention of Money laundering Act 5) Non Banking Fund Conglomerate
5) None
869. Banking loan against property requires
861. Which of the following scheme is not the asset to be free from encumbrances.
meant for investment purposes? What does itmean?
1) National saving certificate 1) The asset to be free from any liability
2) Infrastructure bonds 2) The asset to be properly registered
3) Mutual funds 3) The property to be fully constructed
4) Letter of credit 4) The asset should not have multiple
5) None of these owners
5) None
862. Basel norms which are important
regulatory stipulations are meant for 870. RBI stipulates a healthy mix of CASA in
which sector? the business figures of banks. What
1) Insurance 2) Banking is CASA?
3) Micro finance 4) Pension funds 1) Customer Analysis and Savings Pattern
5) None 2) Cost Appreciation and selling Analysis
3) Current Account and saving Account
863. Systematic investment Plans relates to: 4) Credit and savings Aggregate
1) Mutual Funds 5) None of these
2) Life Insurance Companies
3) Commercial Banks 871. Which Banks are established to help
4) Post office savings schemes small and marginal farmers, agricultural
5) None labour, artisans and small entrepreneurs
etc?
864. Euro money is the official currency of? 1) Foreign Banks
1) NATO 2) Industrial banks
2) UN 3) Regional Rural Banks
3) European 4) Exim bank
4) Germany and England 5) None
5) None of these
872. In which year, the Banking commission
865. Which of the following is an example of submitted the report to establish rural
cash less purchase? banks?
1) Debit card 1) 1952 2) 1957
2) Credit card 3) 1958 4) 1972
3) ATM withdrawal 5) 1984
4) All of the above
5) None. 873. Which prime minister mentioned the
concept of 'Rural Banks' in Twenty – Point
866. Whose signature appears on Indian Rs. Programme announced on 1 July 1975?
100 note? 1) Morarji Desai
1) Finance Minister 2) Jawahar Lal Nehru
2) RBI Governor 3) Indira Gandhi
3) Finance Secretary 4) Lal Bahadur Shastri
4) Chairman, Planning Commission 5) Charan Singh
5) None
874. On 30 July 1975, the working group on
867. While discussing investments there is a Rural Banks submitted report to the
mention of short term government government of India. It was headed by?
security. What is this investment? 1) Vijay C Kelkar
1) Debenture 2) Mutual funds 2) C. Ranga Rajan
3) Treasury bill 4) Share 3) Manmohan Singh
5) None of these 4) Bimal Jalan
5) Narasimaham

59
875. In which year, the President of India c) 70 years d)75
issued the ordinance to establish Regional e) None of these
Rural Banks? 883. Which committee recommended for the
1) 1991 2) 1985 amalgamation of RRBs?
3) 1969 4) 1975 1) K.C. Chakravarthy
5) 2000 2) Usha Thorat
3) Vyas
876. Regional Rural Banks Act passed in? 4) C.V. Anand Bose
1) 1981 2) 1969 5) Ajay Kumar Seth
3) 1976 4) 1980
5) 1982 884. On 22 April 2013, the Regional Rural
Banks (Amendment) Bill, 2013 introduced
877. In Regional Rural Banks, Central to increase the authorized capital of RRB
government holds 50% capital and from Rs. 5 crore to Rs... (In crores) ?
Sponsored bank holds 35% capital. Who 1) 100 2) 200
holds the remaining 15% capital? 3) 1000 4) 50
1) Reserve Bank of India 5) 500
2) NABARD
3) National housing Bank 885. Closed – end fund scheme means?
4) State government 1) A scheme of an investment company in
5) Life Insurance Corporation of India which a nonfixed number of shares are
issued
878. Financial regulation of RRBs seen after 2) Offer of a company to close the
by? business at the end of year
1) Reserve Bank of India 3) A scheme of an investment company in
2) Securities and Exchange Board of India which a fixed number of shares are issued
3) Department of Home Affairs 4) Company's offer to sell the assets at the
4) NABARD lowest rate
5) All of above 5) None

879. Supervisory powers of RRBs have been 886. Aam Admi Bima Yojana, a Social Security
vested with? insurance Scheme for rural landless
1) Competition Commission of India household introduced by union
2) Small industrial Bank of India government on 2nd October 2007. The
3) Reserve Bank of India scheme administered by?
4) NABARD(sec35(6)BR act 1935 ) 1) LIC 2) GIC
5) National Housing Bank 3) NIC 4) UIC
5) TATA AIG
880. The first Regional Rural Bank India
started by Syndicate Bank on 2 October 887. Aim of Swavalamban is?
1975. It is? 1) To encourage the people from the
1) Kashmir Bank at Jammu in Jammu unorganised sector to voluntarily save for
and Kashmir their retirement
2) Chikmagalur Gramin Bank in 2) To encourage the people to seek
Chikmagalur in Karnataka educational courses through distance
3) Pallavan Gramin Bank in Tamilnadu education system
4) Lucknow KGH Gramin Bank in Uttar 3) To ask the Non – organised sector
Pradesh people to boycott their work and join in
5) Prathama Grammen bank at the government service
Moradabad in Uttar Pradesh 4) To encourage the house hold sector to
save money
881. Regional Rural Banks are not found in the 5) None
state of?
1) Maharashtra and Karnataka 888. capital to risk weighted asset ratio
2) Andhra Pradesh and Tamilnadu decided by RBI for regional rural bank
3) Sikkim and Goa a)7% b)10%
4) Assam and Uttar Pradesh c)8% d)9%
5) Rajasthan and Haryana E)none of these

882. Maximum age for retirement for MD/CEO of 5) Rescue operation of Army to rescue the
all private banks is stranded pilgrims in Uttarakhand
a) 60 years b) 65 years

60
889. New chairman of LIC is...? 898. If the Reverse Repo Rate increases, then
1) U.K. Sinha 2) T.S. Vijayan bank...?
3) Kalyan Singh 4) S.K. Roy 1) Funds increase as they never give
5) None funds to RBI
2) Funds go to overseas
890. Union Railway minister is? 3) Has to close business
1) Mallikarjun Kharge 4) Funds decrease, as bank lend the
2) Ambika Soni funds to RBI due to rate hike
3) Kapil Sibal 5) None
4) Suresh parabhu
5) Raman Singh 899. If the Reverse Repo Rate increases, then
interest on loans offer by banks usually'
891. IRNSS – 1A is? 1) Decrease
1) Russia's reusable satellite 2) Become Zero
2) USA's sub sonic missile 3) Lower than earlier rate of interest
3) Ireland's new sea port 4) Increase
4) Indian Regional Navigation Satellite 5) None
System
5) South Africa and India Joint venture of 900. Present Reverse Repo rate is?
new solar car 1) 6.25% 2) 7.25%
3) 8.25% 4) 7%
892. Largest five emerging economies G – 5 5) 4%
include Brazil, China, India, Mexico and?
1) USA 2) South Africa 901. In the RBI's mid – quarter monetary policy
3) Sri Lanka 4) Japan review declared on 17th June 2015, RBI
5) Pakistan seriously concerned about?
1) Opening of branches by foreign banks
893. Tianhe – 2 is the super computer 2) Customer's KYC details
developed by? 3) State governments schemes
1) Russia 2) India 4) Rupee fall, external sector risks and
3) Japan 4) Thailand elevated food inflation
5) China 5) Poverty in top 4 metros in the slum
areas
894. By which year, India surpass China to
become most populous country in the 902. Interest payable on savings bank
world as per the estimates of United accounts is?
Nations report? 1) De – regulated by RBI
1) 2050 2) 2028 2) Regulated by State Governments
3) 2040 4) 2065 3) Regulated by Central Govt
5) 2100 4) Regulated by RBI
5) Regulated by Finance Minister
895. Banking Ombudsman is appointed by
a) SEBI b) NABARD 903. The usual deposit accounts of banks are?
c) RBI d) fiancé ministry 1) Current accounts, electricity accounts
and insurance premium accounts.
d) None of these
2) Current accounts, post office savings,
bank accounts and term deposit
896. The rate at which Reserve Bank of India accounts.
(RBI) borrows money from banks is? 3) Loan accounts, savings bank accounts
1) SLR and term deposit accounts.
2) Base Rate
4) Current accounts, savings bank
3) Primary Lending Rate
accounts and term deposit accounts.
4) Bank Rate 5) Current bill accounts and term deposit
5) Reverse Repo Rate accounts.
897. Who declares Reverse Repo Rate?
904. Fixed deposits and recurring deposits
1) Central Government
are?
2) State Government
1) Repayable after an agreed period
3) RBI 2) Repayable on demand
4) SEBI 3) Not repayable
5) IRDA 4) Repayable after death of depositors
5) Repayable on demand or after an
agreed period as per bank's choice
61
 1) YH Malegam
905. Accounts are allowed to be operated by 2) Dr. KC Chakraborty
cheques in respect of? 3) C. Rangrajan
1) Both savings bank accounts and fixed 4) M. Damodaran
deposit accounts. 5) Usha Thorat
2) Savings bank accounts and current 911. Which of the following types of accounts
accounts. are known as 'Demat Accounts'?
3) Both savings bank accounts and loan 1) Accounts which are Zero Balance
accounts. 2) Accounts which are opened to facilitate
4) Both savings bank accounts and cash repayment of a loan taken from the bank.
accounts only. No other business can be conducted from
5) Both current accounts and fixed there
deposit accounts. 3) Accounts in which shares of various
companies are traded in electronic form
906. Which of the following is correct 4) Accounts which are operated through
statement? internet banking facility
1) No interest is paid on current deposit 5) None of the above
accounts.
2) Interest is paid on current accounts at 912. Distribution of insurance products and
the same rate as term deposit accounts. insurance policies by banks as corporate
3) The rate of interest on current accounts agents is known as?
and savings accounts are the same. 1) General insurance
4) No interest is paid on any deposit by 2) Non life insurance
the bank. 3) Bancassurance
5) Savings deposits are the same as 4) Insurance Banking
current deposits. 5) Deposit Insurance

907. Banking services delivered to a customer 913. In respect of partnership business, LLP
by means of a computer control system stands for:
that does not directly involve banks 1) Local Labour Promotion
branch is called? 2) Low Labour Projects
1) Universal banking 3) Limited Loan Partnership
2) Virtual banking 4) Longer Liability Partnership
3) Narrow banking 5) Limited Liability Partnership
4) Brick & Mortal banking
5) None 914. What is a stale cheque?
1) A cheque issued without drawer's
908. Financial inclusion means provision of? signature.
1) Financial services namely payments, 2) A cheque with only signature of the
remittances, savings, loans and insurance drawer.
at affordable cost to persons not yet given 3) A cheque which has completed 3
the bank months from the date of its issue.
2) Ration at affordable cost to persons not 4) Any one of the above.
yet given the same 5) None
3) House at affordable cost to persons not
yet given the same 915. Interest on savings bank account is now
4) Food at affordable cost to persons not calculated by banks on?
yet given the same 1) Minimum balance during the month
5) Education at affordable cost to persons 2) Minimum balance from 7th to last day
not yet given the same of the month
3) Minimum balance from 10th to last day
909. When a bank returns a cheque unpaid, it of the month
is called? 4) Maximum balance during the month
1) Payment of the cheque 5) Daily product basis
2) Drawing of the cheque
3) Canceling of the cheque 916. Largest shareholder (in percentage
4) Dishonour of the cheque shareholding) of a Nationalized bank is?
5) Taking of the cheque 1) RBI 2) NABARD
3) LIC 4) Govt of India
910. Who was the Chairman of the committee 5) IBA
constituted by RBI to study issues and
concerns in the Micro Finance 917. Who has the sole right to mint coins in
Institutions (MFI) Sector? India?
62
 1) RBI
2) MMTC 925. Union government on 17 April 2013
3) Government of India declared to enhance the installed capacity
4) SBI of renewable energy of 25,0000MW to
5) Department of Post 55,000 MW by .......?
1) 2017 2) 2018
918. Whose signature appears on coins? 3) 2019 4) 2025
1) President of India 5) 2017
2) RBI governor
3) Finance Secretary 926. Which Indian origin writer received the
4) RBI deputy governor inaugural Physics journalism Prize
5) Coins do not bear the signature sponsored by the Institute of Physics (IOP)
and the science and Technology Facilities
919. Government of India withdrawn coins of Council in Washington?
denomination of 25paise and below from 1) Abdul kalam
circulation with effect from.....? 2) Raja Ramanna
1) 30 July 2011 2) 30 June 2011 3) Anil Ananthaswamy
3) 30 June 2012 4) 30 June 2010 4) Kasturi Rangan
5) 1 June 2013 5) C.R.Rao

920. Who was appointed as the President of 927. Which nation joined as a dialogue partner
the Asian Development Bank (ADB) by the in the Shanghai Cooperation Organisation
Board of Governors at New Delhi on 27 (SCO) on 26 April 2013?
April 2013? 1) India 2) USA
1) Jim Yong Kim 3) Turkey 4) UK
2) Christine Legarde 5) Israel
3) Takehiko Nakao
4) Mario Draghi 928. Factoring means?
5) None 1) Business of buying trade debts at a
discount and making a profit when debt is
921. To whom the world bank granted a realized
concessional loan of $100 million for the 2) Giving loans to factories by the
implementation of low – income housing commercial banks at concessional rates
scheme? 3) Banning the banks not to give loans to
1) HDFC 2) ICICI factories at lower rate of interest
3) SBI 4) RBI 4) Buying of customers assets whenever
5) National Housing bank he did default in the payment of money
5) None
922. Who was appointed as the chairman to
suggest the measures for enhancing 929. Track, Lane, Hurdles, Shot – put, Discuss
MSME exports recently? Throw, Hammer Throw, Triple Jump,
1) Ratan TATA High Jump are the terms used in?
2) Abhijith Sen 1) Chess 2) Volley Ball
3) R.S.Gujral 3) Foot Ball 4) Cycling
4) Montek Singh Ahluwalia 5) Athletics
5) Anand Sinha
930. Youngest player to play an English
923. The Indian Life Assurance Companies Act County match is?
was the first statutory measure to 1) Hanuma Vihari 2) TM Srivastava
regulate lifebusiness in India. It was 3) Phiillips Rod 4) Tim Mody
passed in ......? 5) Matthew Fisher
1) 1925 2) 1956
3) 1947 4) 1934 931. The Present Statutory Liquidity Ratio
5) 1912 (SLR) is?
1) 24% 2) 27%
924. Under whose chairmanship, the Group of 3) 20% 4) 22%
Ministers (GoM) was set up to make a law 5) 23%
to provide for the independence of the
Central Bureau of Investigation (CBI) and 932. Stagflation means?
its functional autonomy? 1) Low inflation combined with high
1) Chidambaram 2) Ranjith Sinha unemployment and slow economic growth
3) Alok Joshi 4) Bikram singh
5) S.A.Ibrahim
63
 2) Persistent high inflation combined with 5) All of above
high employment and fast economic
growth 938. Who was re – elected as the chairman of
3) Low inflation combined with high IBA (Indian Banks Association) for the
employment rate and fast paced economic 2014 – 15 tenure?
growth 1) Chanda Kocchar 2) Urjith Patel
4) Persistent high inflation combined with 3) K.R.Kamath 4) T.M.Bhasin
high unemployment and slow economic 5) None
growth
5) None of above 939. USSD stands for?
1) Unstructured Supplementary Service
933. Consider the following statements? Data
i) Roshni is the skill development scheme 2) Universal Supplementary Service Data
launched on 7 June 2013 by the ministry 3) Unstructured Standard Service Data
of Rural Development 4) Unstructured Supplementary Service
ii) It aims to provide training and Dairy
employment to youth in the 10 – 35 years 5) Unstructured Supplementary Stolen
age group Data
iii) It was launched in 24 Naxal – affected
districts 940. World Oceans day celebrated on?
iv) It is a 100 – crore project and is 1) 8 April 2) 8 May
funded by union and state governments, 3) 8 June 4) 8 February
with the union providing 75% of the 5) 8 January
funding
Which of the above statements is/are 941. Pages stained with blood, Ramayana from
correct? Ganga to Brahmaputra, Melodies and
1) ii) , iii) 2) ii) , iv) Guns, The Moth – Eaten Howdah of the
3) i) , ii) , iii) , iv) 4) ii) Tusker, The shadow of Kamakhya, The
5) None Man from Chinnamasta are the works of?
1) Indira Goswami 2) J L Nehru
934. India's sixth commodity exchange which 3) Gandhi 4) Sarojini Naidu
started its operations on 19 April 2013? 5) Chetan Bhagath
1) NSE 2) MCX
3) NMCE 4) UCX 942. Savings account become inoperative, if?
5) ACE 1) Cash deposited in another branch not
intimated to the parent branch
935. Construction of country's first fully 2) Amount withdrawn by ATM exceeds
private Greenfield airport commenced in? Rs.50,000
1) Gaya (Bihar) 3) Net banking done on 31st of the month
2) Pune (Maharashtra) 4) Not operated at all during certain
3) Karaikal (Puducherry) period as per the bank rules
4) Sivaganga (Tamilnadu) 5) None
5) Somnath (Gujarat)
943. By increasing repo rate, the economy may
936. Where is the head office of Insurance observe the following effects ______
Regulatory Development Authority? 1) Rate of interest on loans and advances
1) Kolkata 2) Mumba will be costlier.
3) Hyderabad 4) Chennai 2) Industrial output would be affected to
5) Delhi an extent.
3) Banks will increase rate of interest on
937. The correct statement is? deposits.
1) During the visit of Man Mohan singh in 4) Industry houses may borrow money
Thailand, a sapling of the sacred bodhi from foreign countries.
tree in Bodh Gaya given as a gift to 5) All of these.
Thailand king Bhumibol Adulyadej
2) $ 5.2 billion humanitarian fund will be 944. Increased interest rates, as is existing in
given by UNO to Syria the economy at present will_______
3) World's largest concentrated solar 1) Lead to reduction in borrowings
power plant launched by UAE by name 2) Lead to lower GDP growth.
Shams I 3) Mean higher cost of raw materials.
4) From 1 April 2013, Myanmar allowed 4) Mean lower cost of raw materials.
the circulation of private newspapers after 5) Mean higher wage bill.
50 years
64
945. Which of the following schemes is 1) American Development Bank
launched to provide pension to people in 2) American depository Bureau
unorganized sectors in India? 3) Additional Debit Balance
1) Swabhiman 2) Jeevan Dhara 4) Only a&b
3) Jeevan Kalyan 4) ASHA 5) Asian Development bank
5) Swalamban
953. When a banker talks about CDR, what is
946. A cheque returned for insufficiency of he talking about?
funds. Payee will have right to notice and 1) Corporate Debt Restructuring
approach court of law for justice under 2) Corporate Debt Rollover
section 138 of which act? 3) Company Debt Rollover
1) Indian Penal Code 4) Corporate Deposit Restructuring
2) Negotiable Instrument Act 5) Company Deposit Restructuring
3) Criminal Procedure Code
4) Payment and Settlement Act 954. Expand the term ALM as used in
5) Indian Contract Act Banking/Finance sector?
1) Asset Liability Management
947. Mr. Rajendra had filled a complaint with 2) Asset Liability Maturity
Banking Ombudsman but is not satisfied 3) Asset Liability Mismatch
with the decision. What is the next option 4) Asset Liability Manpower
before him for getting his matter resolved? 5) Asset Liability Maintenance
1) Write to the CMD of the Bank.
2) File an appeal before the Finance 955. Cash Reserve Ratio (CRR) and Statutory
Minister. Liquidity Ratio (SLR) are terms most
3) File an appeal before the Banking closely related to which of the following
Ombudsman again. industries/ markets?
4) File an appeal before the Dy. Governor 1) Capital Market
RBI. 2) Banking industry
5) Simply close the matter as going to 3) Commodities market
court involves time and money. 4) Money Market
5) Mutual fund
948. Which of the following is an example of
Financial assets? 956. What is the maximum period for which
1) National Saving Certificate domestic term deposits are normally
2) Infrastructure Bonds accepted by the banks in our country?
3) Indira Vikas Patra 1) 3 yr 2) 5 yr
4) Krishi Vikas Patra 3) 7 yr 4) 10 yr
5) All of these 5) 12 yr

949. Bank branches which can undertake 957. If you wish to purchase some US Dollars
foreign exchange business directly are for your travel abroad, you should
known as: approach?
1) Authorized dealers 1) The ministry of finance
2) Foreign dealers 2) The US Embassy
3) Overseas branches 3) Any Bank Branch authorized to do
4) Approved dealers such activity
5) Exchange branches 4) The Reserve Bank of India
5) External Affairs Ministry
950. Insurance cover for bank deposits in our
country is provided by ____ 958. What does the letter 'L' stands for in the
1) SBI 2) Govt of India term LAF commonly used in
3) GIC 4) LIC financial/economic news?
5) DICGC 1) Liquidity 2) Least
3) Liabilities 4) Long
951. The Financial Literacy does not include 5) Liquid
which of the following?
1) How to invest the funds 959. Which of the following is not classified as
2) How to use the limited funds carefully a Commercial Bank?
3) How to minimize the risks 1) Public Sector Bank
4) How to reinvest the money earned 2) Foreign Bank
5) None of these 3) Private Sector Bank
4) Regional Rural Bank
952. ADB Refer to 5) Urban Cooperative Bank
65
 968. Which country will host both the World
960. Which of the following is not the name of Cup Football 2014 and Olympics 2016?
the a Banking Organization? 1) Russia 2) USA
1) HDFC 2) IDBI 3) Brazil 4) Japan
3) YES 4) SEBI 5) Germany
5) ICICI
969. Bharat Ratna was instituted in?
961. Money laundering means _____ 1) 1954 2) 1955
1) Hiding of income source mainly to 3) 1961 4) 1969
avoid income tax 5) 1960
2) Money acquired from undisclosed
sources and deposited in foreign banks 970. The present Pope chosen in March 2013
3) Money acquired from undisclosed hails from?
sources and deposited in foreign banks 1) Canada 2) Mexico
4) Process of conversion of money 3) Brazil 4) Argentina
obtained illegally to appear to have 5) Uruguay
originated from legitimate sources to
convert black money into white money. 971. 'Paradise Regained' was written by?
5) Money acquired from drug trafficking 1) John Keats
2) Charles Dickens
962. Monetary Policy as an arm of the 3) John Milton
economic policy is administered by _____ 4) Oliver Goldsmith
1) Government of India 5) Lord Byron
2) RBI
3) SBI 972. 'CRY' is an NGO which works for the
4) Govt of the respective states welfare of?
5) None 1) Senior citizens 2) Cancer patients
3) War victims 4) Children
963. Which of the following is not a primary 5) AIDS patients
function of a Bank?
1) Granting loans 973. The USP of a Current account is?
2) Collecting cheques/ drafts of 1) High minimum balance
Customers 2) No restrictions on transactions
3) Arranging VISA for students for abroad 3) No interest payable
education 4) Restricted deposits
4) Issuing bank drafts 5) None of these
5) Selling Gold/Silver Coins.
974. Leads for Home Loans can be obtained
964. Reserves which can act as a liquidity from?
buffer for Commercial Banks during crisis 1) Traders
times are ___ 2) Trusts
1) CAR 2) CRR 3) Builders
3) CAR & CRR 4) CRR & SLR 4) Cooperative societies
5) SLR 5) None of these

965. The headquarters of European Union is 975. The target group for SME loans is?
situated in which of the following 1) Students
countries? 2) Housewives
1) UK 2) Germany 3) Entrepreneurs
3) France 4) Belgium 4) Salaried persons
5) Netherlands 5) Government undertakings

966. The name 'Bluetooth' gets its name from a 976. Which of the following terms is used in
10th century king of? the field of finance and banking?
1) China 2) Denmark 1) Metabolism
3) Greece 4) Thailand 2) Genetic process
5) Spain 3) Centrifugal force
4) Debt instrument
967. Baglihar Dam is constructed on the river? 5) Experimental error
1) Chenab 2) Raavi
3) Indus 4) Sutlej 977. The National Social Security Fund (NSSF)
5) Beas helps which of the following groups of
society?
66
 1) Bank employees
2) Central government employees 1) Business Correspondents and Banking
3) Workers in the unorganized sector Services
4) Workers in the textile industry 2) Banking Committee on Business
5) Women employees Supervision
3) Basel Committee on Banking
978. Which of the following tools is used by the Supervision
RBI to control credit and monetary 4) Banking Committee on Banking
situations of the markets? Services
1) RTGS 2) NEFT 5) None of These
3) ECS 4) CRR
5) Balance of trade 987. The head quarter of Financial Action Task
Force (FATF) is located at
979. Which of the following countries is located 1) London 2) Sydney
in South America? 3) Washington 4) Paris
1) South Sudan 2) South Korea 5) Vienna
3) Uganda 4) Angola
5) Uruguay 988. The punch line of Swabhimaan scheme is
1) Our India Our Pride
980. Which of the following is the currency of 2) Towards Pride
Myanmar? 3) Life is nothing without Pride
1) Taka 2) Dinar 4) Our Account Our Pride
3) Kyat 4) Yen 5) Mera Khata Bhagya Vidhata
5) Dollar
989. Maximum limit of NEFT is
981. Which of the following terms is not used 1) 1 lakh 2) 2 lakh
in the field of Economics? 3) 3 lakh 4) 4 lakh
1) Net income 2) Cost of project 5) 5 lakh
3) Flow of fund 4) Balance sheet
5) Cold chain 990. Certificate of Deposit is issued by
1) Business Firms
982. Reverse Mortgage scheme is designed 2) NBFC
keeping which of the following groups of 3) Companies
society in consideration? 4) Scheduled Banks
1) Defense personnel 5) All of the above
2) Senior citizens
3) Youngsters who just started earning 991. Negotiable Instruments Act 1881 came in
4) Dependent women to effect from
5) None of these 1) 1 March 1881 2) 1 April 1881
3) 1 march 1882 4) 1 April 1882
983. What happens when an economy is in 5) 31 March 1881
recession?
1) GDP growth slows down 992. A non bank White Label ATM operator is
2) Unemployment rate rises required to have a minimum net worth of:
3) Bankruptcies rise 1) Rs.50 Cr 2) Rs.100 Cr
4) Both 1 and 2 3) Rs.200 Cr 4) Rs.500 Cr
5) All 1, 2 and 3 5) No minimum net worth required

984. Retail investors means which of the 993. 1) Financial Inclusion Technology Fund is
following types of stock market investors? maintained with
1) Mutual funds 1) RBI
2) Corporate bodies 2) Finance Ministry
3) Promoters of companies 3) NABARD
4) Individuals 4) Rural Development Ministry
5) FIIs 5) None of these

985. Which of the following is not an

agricultural commodity?
1) Cardamom 2) Cumin
3) Garlic 4) Turmeric
5) Sulphur

986. BCBS in banking stands for

67