ASBA is a mechanism for subscribing to applications in Initial Public Offerings (IPOs).

ASBA stands for Application Supported by Blocked Amount In regards to insurance, A policy provision that allows a policy to be restored from a lapsed status and resume active coverage is termed as? Reinstatement What are Open Market Operations"? Selling of gilt-edged securities by the government Certificate of Deposits have a minimum value of: Rs. 1 Lakh On the recommendation of which committee was NABARD established? Shivraman Which among the following does not decided the RBI? Base Rate An Increase in Cash Reserve Ratio (CRR) by Reserve Bank of India leads to: Decrease in lendable resources What is meant by development oriented banking? Taking up task of development of the economy by providing support to under privileged sections of the society. What is the principal function of SIDBI? Finance of SSI Development of SSI Promote of SSI Which of the following is provided by the Reserve Bank of India for meeting dayto-day receipt and expenditure mismatch to both central and state governments? ways and means advance

These days RBI uses Selective Credit control measures rather infrequently because of:

Deregulation of function Reasonable inflation level Comfortable liquidity Autonomy Given to Banks

The availability of cash and other cash-like marketable instruments that are useful in purchases and investments are commonly known as: Liquidity Which of the following committee is set up for giving clear definitions to FDI and FII with an aim to remove ambiguity over the two types of Foreign Investments? Arvind Mayaram Committee Loans of very small amount given to low income group is called Micro Credit As per the new final guidelines released by the Reserve Bank of India for issuing new banking license norms to allow private and public sector as well as NonBanking Financial Companies (NBFCs) to enter the fray. Which of the following statement is/are correct in this regard? The paid-up equity capital should be Rs 500 crore and they will have to get listed within three years of operation New banks will have to set up 25 % of its branches in unbanked rural areas.

In Banking terms BCSBI stands for which of the following? Banking Codes and Standards Board of India Which of the following bank of Russia has granted permission by the Reserve Bank of India to open its branches in New Delhi? Inkas Bank Participatory Notes (PNs) are associate with which one of the following? Foreign Institutional Investment

Bank Rate implies the rate of Interest At which the RBI discounts the Bill of exchange

Increase in net RBI credit for central government represents Monetized Deficit The rate of interest, banks charge to its main/ major and prime; customers is popularly called as Prime Lending Rate

Under provision of which of the following the Reserve Bank of India issues directive to the Banks in India? RBI Act and Banking Regulation Act

Sub-Prime lending refers to: lending to the people with less than standard credit status When we deposit a cheque issued in your name in the bank, the bank always checks if the cheque has been crossed or not? Why is this done? It seems that the money is deposited only in the account of the person in whose name the cheque has been drawn

A loan bearing low rate of Interest is known as: Soft Loan

A country is said to be in a debt trap if It has to borrow to make interest payments on standing loans

Which of the following is not directly controlled by Reserve Bank of India? Base Rate

Currency Swap is an Instrument to manage? Cash flows in different currencies

When the loan is guaranteed for purchase of white goods it is called? Consumer durable loan Which of the following is the disadvantage of going for public issue? Need to make continuous disclosures Which of the following is not an asset of a bank? Overdue Recurring Deposits

The Base rate is set by which of the following organizations/ institution? Individual Bank

Which of the following is not a criterion to select the Investment Banking? NO professional memberships or incorporation are required The banking company has restriction to sanction loan to Directors of the bank

Which of the following business is prohibited as per Section 8 of Banking Regulations Act 1949? Retail Trading Which of the following is a non-depository Institution? Mutual Funds State Bank of India's new floating rate of deposit is a directly linked to? Base Rate Issuing of credit cards is a component of Retail Banking The credit policy of a bank does not deal with? Outstanding balance in deposit account Banks are required to take permission from which of the following before opening new branch? Reserve Bank of India Which of the following rates decided by the RBI is called "Policy Rate"? Bank Rate In the context of banking system, what does productivity means? 2 )Business per employee Consider the following statement with respect o Ways ad Means of Advance (WMA): A) These are temporary advances extended by the RBI to the Government C) Government normally opts for WMA to bridge the interval between expenditure and receipts and in the case of Shortfall/ mismatch in revenue and other receipts for meeting its liabilities.

Consider the following with respect to Government Securities? A) These are tradable instruments issued by the Central or State Government. B) The Central Government issues both treasury bills and bonds or dated securities, which are called State Development Loans (SDLs) C) These Instruments acknowledge the Government's debt.

Such individual who don't have bank account can also deposit cash at the National Electronic Fund Transfer (NEFT)-enabled branches with instructions to transfer funds using NEFT. Such remittances will be restricted to a Maximum of ___________ per transaction. Rs. 50,000

What is expanded form of ECS as used in banking sector? Electronic Clearing System

Consider the following taglines and identify the bank with which of the taglines are associated with: Pure Banking Nothing Else Bankers of Every Indian With you All the Way

State Bank of India

Consider the following with respect to the Foreign Exchange Reserves of India? A) Foreign Exchange Reserves B) Special Drawing Rights C) Foreign Institutional Investments Both A and B The monetary units of the International Monetary Fund (IMF) is called Special Drawing Rights (SDR)

Consider the following statement with respect to Commercial Paper (CP)? A) It is an unsecured money market instrument issued in the form of a promissory note. B) It was introduced in India in 1990 with a view to enabling high-rated corporate borrowers to diversify their sources of short-term borrowings and to provided an additional instrument to investors.

Which of the following public sector bank announced recently that its Risk Management Department has received ISO 27001 certification from the British Standard Institute (BSI)?It is the first among Indian banks to receive such certification.
Vijaya Bank As per the New Guideline issued by the Reserve Bank of India, which of the following categories will be given relaxation in KYC norms while opening bank account and borrowing from the banks?

Self Help Groups

While closing the business of the day, if excess cash is found at a branch of a bank B) It is deposited in the sundries account C) if claim is not received from any party within a reasonable period, say six months, it is credited to branch revenue.

Which of the following is/are essential features of a genuine currency note?

The issuing authorities name should be printed on it The promise clause should be there The guarantee clause should be there

What is the purpose behind introducing of the practice of quoting Permanent Account Number (PAN) while opening an account with a bank? To Ensure that more people are brought under tax net and voluntary compliance of tax procedures

Deposits in Public Provident Fund (PPF) accounts can be made how many times within a Year? Twelve Times Banks keep notes/ coins in Currency Chest on Behalf of which of the following? The Reserve Bank of India
What is the main function of International Monetary Fund (IMF)? Help to solve balance of payment problems of member countries

Which of the following would result in the fall in asset prices? Low Liquidity in economy Which of the following terms is used in banking field? Interest Rate Swap

Bank branches which undertake foreign exchange business directly are known as ___________ in foreign exchange? Authorized Dealers Which of the following is not a salient feature of Debit Card? 45Days credit given to the Customer Banks issue a letter to beneficiary on behalf of its constituents like guarantee for making payment on their behalf on fulfillment of its terms and conditions. What is this arrangement known in Banking context? Letter of Credit When a Bank provides a loan for purchase of White Goods, it is categorised as Consumer Durable Loan With reference to a cheque which of the following is the Drawee Bank? The Bank upon which the cheque is drawn Which of the following is correct statement? Normally no interest is paid on current deposit Fixed deposits recurring deposits are Repayable on demand or after an agreed period as per bank's choice. The usual deposit accounts of banks are Current accounts, savings bank accounts and term deposits accounts Financial Inclusion means provision of Financial Services namely, payments, remittances, savings, loans and insurance at affordable cost to person not yet given the same Which of the following is known as cross selling by Banks? A) Sale of credit card to a debit card holder B) Sale of a Insurance Policy to a depositor C) Issuance of Cash against Cheque presented by a third party Which of the following is not a measure to control inflation adopted by the Government or Reserve Bank of India (RBI) Monetary Policy India's first indigenous payment gateway is India Pay Which committee launched the process of reforms of Financial system in India? Narishimham Committee Which of the following attract Tax Deduction at Source (TDS)? Fixed Deposits

Recurring Deposit NRO FDR NRO SB Which of the following provides a proper definition of Mutual Fund? These Members want to invest in financial instrument They want to invest in financial instrument assets of business sector It is an association of members of public Which of the following bank was not Nationalized during the first phase of Bank Nationalization in 1969?

Punjab National Bank Bank of India Union Bank of India Bank of Baroda Oriental Bank of Commerce

Which of the following is a type of anticipatory letter of credit? Green Clause letter of credit During the first round of Bank Nationalized in 1969, Fourteen major banks were nationalized with liability base of ? Rs 50 Crore National Stock Exchange (NSE) has launched countries first dedicated debt trading platform. Which of the following is/ are the functions of the debt trading platform? A. The debt trading platform is supposed to provide retail investors an opportunity to invest in corporate bonds on a liquid and transparent exchange platform. B. Bank and primary dealers are the first to enter and they will provide enough liquidity in the debt segment. C. The mutual funds, insurance companies and pension funds are also expected to participate after guidelines for the same are issued by SEBI.

Which of the following organizations/ agencies works solely to monitor and arrange flow of agriculture credit in India?

NABARD

Service Area approach is associated with?

Industrial Finance Rural Finance

Interest on Government securities on Fixed basis is known as

Coupon

Which of the following is not correct about the power of Reserve Bank of India?

Controls Banking system through licensing Supervises Banking system through inspection Holds cash reserve of banks All of the above are correct

Which of the following Bank opened a lockless branch at Shani Shingnapur in Maharastra respecting the olocal customs?

UCO Bank

When the customers withdraws cash from ATM, the banker and customer relationship is?

Debtor and Creditor

In India Foreign Exchange Rates are determined by

Demand and Supply Force

Which of the following resources cannot be Securitized ?

Credit Balances outstanding in cash accounts

Regional Rural Banks (RRBs) were setup on the recommendations of

Narasimham Committee

Security Printing Press was established in 1982 at

Hyderabad

Which of the following committee is relating to Micro Financing?

Vyas Committee

In which part of pre-independance India many banks were established, which is called the 'Cradle of Indian Banking System'?Southern Tamilnadu

SLR is maintained as a percentage of

Net Time and Demand liabilities

The credit policy laid down by the top management of a bank does not deal with?

Appraisal or Time and Demand deposits

Which of the following is one of the three pillars of new Basel Capital Award?

Market Discipline

Which of the following is an income for a Bank?

Profit on revaluation of investment

Which of the following is not augmented feature of a credit card?

Issue of deferred guarantee

Which of the following is not the function of Commercial Bank?

Regulating the issue of Bank Notes

Many a times, we read in newspapers that some big banks have revised their lending rates to make them dearer or cheaper. Though the decision to raise the lending rates is always in the hands of the banks normally they announce this decision of theirs:

2) When the Monetary and Credit Policy of the Reserve Bank of India is reviewed periodically.

Cash Reserve Ration (CRR) funds are kept by the Banks in

Balance in a special account with RBI

The Shipping Guarantee is a

Deferred payment guarantee issued by a banker at the request of the consignee when the documents are not yet received and goods are received, for facilitating the delivery of goods

Who said the nationalization of banks is the 'masterstroke of political sagacity'?

Jayprakash Narayan

Which of the following is no one of the RBI directives on Clean Note policy?

Soiled notes are to be stapled before they are remitted to currency chest

The relationship between RBI and the Bank maintaining the currency chest is that of?

Principal and Agent

Which banks are referred as the Schedule Banks?

Included in the 2nd schedule of the Reserve Bank of India Act 1934

The Interest on Recurring Deposit is paid on the basis of?

Quarterly Compounding

Bad Debts mean?

Amounts owe to a company that are not going to be paid

When Banks accept a fixed sum of money from an Individual for a definite term and pay on Maturity with interest, the deposit is known as

Term Deposit

Many times we read in newspapers that several companies are adopting the FCCB's route to raise capital. What is the full form of FCCBs?

Foreign Currency Convertible Bonds

Inflation in India is measured on which of the following Indexes/ Indicators?

Wholesale Price Index (WPI)

The Government of India is planing to bring second Green Revolution in India. This will be launched specifically for which of the following parts of the country?

North East and Eastern Region

In 1993, a Nationalized bank was merged with Punjab National Bank (PNB). What is the name of that Bank?

New Bank of India

In order to develop infrastructure in faster pace Government of India has fixed some targets. In order to achieve this target at present, how many kilometers of highway is required to be constructed per day?

20 Km

Which of the following is a function of the agent bank relating to flow of money in the process of loan syndication?

Receiving the fees from the borrower and distributing among the participating banks

Global Market means market of

All major countries and their alliances

Which of the following is not a financial Intermediary in the financial market?

Small Scale Services Institute

Regional Rural Banks (RRBs) have been setup with the basic objectives of

providing credit, deposit and other banking facilities to people in rural areas

Some banks are financing projects like "Construction Roads/Bridges etc. Financing such projects means banks are helping exactly in

(3) Infrastructural Development

Sub-prime lending refers to (3) lending to the people with less than standard credit status Insurance cover for bank deposits in our country is provided by (3) DICGC

The following contains an order to pay money

(1) Bill of exchange

(2) Cheque (3) Promissory Note (4) Only (1) and (2)

Which of the following certainly is an effort in the direction of Financial Inclusion ?

(1) No-frills Accounts

Where is the Headquarter of Indian Bank located?

(4) Chennai

Who amongst the following Padma Bhushan Awardees is a famous banker ?

(2) Ms. Chanda Kochhar

Whose signature does a one rupee note bear

(4) Finance Secretary

We often heard about M-Banking. What does M stands for?

(3) Mobile

'Global Market' means market of

(5) All major countries and their alliances

What is the full form of LAF, the term used in banking world very frequently ?

(3) Liquidity Adjustment Facility

Where is the headquarter of the International Monetary Fund (IMF) ?

(2) Washington DC

Whenever somebody needs foreign currency against Indian Rupee, banks give equivalent amount of desired currency based on prevalent

(4) exchange rate

Many Regional Rural Banks were given licenses to open branches in small cities and towns. These licenses were given by

(3) RBI

Which of the following is NOT a scheduled Commercial Bank ?

(4) NABARD

Which of the following Acts is specially launched to facilitate banks in recovery of bad loans? (3) SARFAESI Act

Department of Economic Affairs is part of which of the following Ministries ?

(3) Ministry of Finance

Union Budget which is presented every year in the parliament is also known as

(3) General Budget

When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as

(2) term deposit

All regional rural banks (RRBs) are required to maintain their entire statutory liquidity ratio (SLR) in

(3) government and other approved securities

The Regulatory Authority for Regional Rural Banks is

(1) RBI and NABARD

Through which of the following the funds to the projects aided by the World Bank and the International Monetary Fund (IMF) are distributed?

4) Agriculture Refinance and Development Corporation

Co-operation as a form of economic activity was formally recognized in India in the year 1904 when (3) the first Co-operative Societies Act was passed Under the Banking Regulation Act, 1949, which of following is not qualified to be called as banks in the co-operative sector?

(2) Primary Agricultural Credit Societies

Which of the following public sector banks has recently celebrated it centenary year?

1) Central Bank of India

The primary function of a central co-operative bank is to

(1)to channelize the flow of funds from the State co-operative banks (2) mobilize the resources in the district for financing its members to the maximum extent possible

Which of the following Bank in 2012 has celebrated it 30th year of continuous service? 4) NARARD For which of the following, the Reserve Bank of India has stipulated the maximum capital adequacy requirement? 3) Local Area Banks Paid-up share capital of Regional Rural Bank is contributed by (3) Central Government, State Government and the sponsor commercial bank in the ratio of 50: 15 :35 respectively Regional Rural Banks are empowered to transact the business of banking as defined under (3) Banking Regulation Act, 1949 The Difference between Gross Domestic product and Net Domestic product is 4) Net Capital Formation Under which category will you classify Regional Rural Banks ? (1) Scheduled Commercial Banks

From which of the following financial organizations of the world, India had taken soft loan for recapitalization of banks? 4) World Bank On the current account balances maintained by the Regional Rural Banks with them, the commercial banks may (2) pay interest at such rates as may be mutually agreed to Where is the headquarter of Asian Development Bank (ADB) located? (1) Manila

Which of the following statements are correct in regard to foreign banks operating in India ?

(1) The parent foreign bank of a wholly owned subsidiary would continue to hold 100 per cent equity in the Indian subsidiary for a minimum prescribed period of operation (2) Foreign banks would be permitted to acquire a controlling stake in a phased manner, but only in those private sector banks which are identified by the Reserve Bank for restructuring (3) Foreign banks would be allowed to open more than the existing WTO commitment of 12 branches in a year

The issued/paid-up capital of a Regional Rural Bank should be (2) minimum Rs 25 lac and maximum Rs 100 lac Regional Rural Banks are classified as (3) scheduled commercial banks Foreign exchange reserves of India are kept in the custody of which of the following? 2) Reserve Bank of India

Which of the following is the oldest public sector bank of India having branches all over the country and serving for the last 147 years and even today? 3) Allahabad Bank Biometric ATMs have been introduced by many banks recently, to cater to which type of customers? 4) Rural and illiterate people

Which of the following Acts has specially been enacted to help banks deal with bad loans? 3) SARFAESI Act

Which of the following instruments of credit control adopted by the Reserve Bank of India (RBI) does not fall within general or quantitative methods of credit control? 3) Stipulation of certain minimum margin in respect of advance against specified commodities

Which of the following category of banks were mooted with a view to providing an institutional mechanism for promoting rural and semi-urban savings as well as - the provision of credit for viable economic activities in local areas ? (2) Local Area Banks Life Insurance Corporation of India is a ____________ ? 3) Corporation established by a special Act of Parliament

Which of the following bank became the first in India to be fully computerized?

4) Bank of India Demand of which among the following will be called as Direct Demand? 3) Sweater The No Frill Accounts facility provided by the banks is aimed at which of the following categories of people? 4) Poor people In the context of banking business, the increasing trend in the Burden Bearing Ratio would show the following? 1) Less burden bearing capacity of the bank

Under the Swabhiman above how much population the government has decided to provide banking facilities to unbanked areas? 1) 2000

The term moral suasion refers to 2) The advice given by the Reserve Bank of India to banks/financial institutions in the matter of their lending and other operations with the objective that they might implement or follow it

When the Reserve Bank of India (RBI) is the lender of last resort, what does it mean?

3) RBI advances necessary credit against eligible securities

Which one of the following is not a money market instrument?

1) Repo 2) A negotiable Certificate of Deposit 3) Commercial Paper 4) A Treasury Bill 5) Treasury Bond

Resources of Land Development Banks operating in the country are raised by

1) share capital from members which is linked to their borrowings from the bank 2) reserves created out of profits 3) borrowings comprising of interim accommodation, deposits and debentures

Land Development Banks provide long-term credit for schemes of basic importance to agriculture as

(1) mechanization of agriculture i.e., loans for purposes of tractors, power tillers, threshers etc

(2) land reclamation, soil conservation, plantation of fruit orchards, dairy development schemes etc. involving heavy expenditure (3) minor irrigation purposes like wells, dug-cum-bore wells, tube wells, pump sets and irrigation tanks

The paid-up capital of Non-Schedule Bank is less than 1) Rs 5 lakh In periods of depression when the Reserve Bank of India (RBI) desires to encourage the banking system to create more credit, what it does? 3) Reduces the Bank Rate In terms of section 5 (1)(e) of the Banking Regulation Act, 1949, a 'banking company' means any comps- which

(1) transacts the business of banking in India (2) undertakes lending of money (3) accepts deposits from public and invests the same as trade and industry (4) accepts deposits from the public

In periods of boom, which leads to economic instability, the Reserve Bank of India (RBI) resorts to? 3) Sale in the market of first class securities in its possession to reduce the supply of money as a measure of open market operations

Bank rate means 2) The rate at which the Reserve Bank of India is prepared to buy or re-discount bill of exchange other commercial papers eligible for purchase under the Reserve Bank of India Act, 1934

The merchant banking activities in India are governed by which of the following bodies? 3) SEBI Which of the following types of institutions operate in call money market only as lender? 4) Insurance companies In the year 1966, the Reserve Bank of India (RBI) set up the All India Rural Credit Review Committee in order to

3) Reassess the developments that took place in the field of rural credit since 1954, i.e. subsequent to submission of the report of the All India Rural Credit Review Committee.

The availability of cash and other cash-like marketable instruments that are useful in purchases and investments are commonly known as 4) Liquidity The land development banks play a crucial role in 2) The provision of investment credit for agriculture

Reserve Bank of India (RBI), with regard to RTGS, has decided that

1) Settlement of transactions of the clearing corporation of India and the stock market would be conducted through RTGS 2) There would be no floor ceiling for routing transactions through RTGS 3) RTGS would be accessible to all retail customers

Which of the following is not correct about the acceptance of deposits by the Non-Banking Financial Companies (NBFCs)? 2) The repayment of deposits by NBFCs is guaranteed by the RBI.

The recommendation that Development Financial Institutions (DFIs) should convert ultimately into either commercial banks or non-bank finance companies was given for the first time by the 4) Nrasimham Committee II

Which of the following institutions/entities have been merged into ICICI Bank to make it an universal bank (2) ICICI Capital Services Ltd Which of the following statements is correct regarding soiled/mutilated currency notes?

1) Banks are expected to offer this service even to non-customers 2) The RBI has also authorized all commercial bank branches to treat certain notes in two pieces as soiled notes and pay exchange value 3) All banks are authorized to accept soiled notes across their counters and pay the exchange value 4) All public sector bank branches and currency chest branches of private sector banks are authorized to adjudicate and pay value in respect of mutilated notes

Which of the following is the correct statement/s about the Automated Tailor Machine (ATM):

1) ATM is a computer which is dedicated to perform certain specific jobs only 2) ATM is totally menu driven which displays instructions to the customer stepby-step for operating the same

3) ATM is a user friendly machine and the customer does not require any training to use it

NABARD was set up as an apex development bank with a mandate for facilitating credit flow for promotion and development of

1) Cottage and village industries 2) Handicrafts and other rural crafts 3) Agriculture 4) Small-scale industries

Universal Bank is one which (2) undertakes the functions of a Development Financial Institution as well as a commercial bank Which one of the leading nationalized banks in 2012 celebrated it's 147th year of dedicated service to the nation and has introduced Interactive Voice Response (IVR)? 1) Allahabad Bank NEFT means 4) National Electronic Fund Transfer system An industrial bank accepts from the public 1) long-term deposits Which of the following was the first public sector commercial bank which had launched a mutual fund? 3) State Bank of India The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following? 5) Reserve Bank of India

Central Monetary Authority of the country is (4) Reserve Bank of India Which of the following conditions must be fulfilled before a bank is included in the Second Schedule to the Reserve Bank of India Act?

(1) It must be a State co-operative bank or a company as defined in the Companies Act, 1956 or an institution notified by the Central Government in this behalf or a corporation or a company incorporated by or under any law in force in any place outside In (2) It must satisfy the Reserve Bank of India that its affairs are not being conducted in a manner detrimental to the interests of the depositors

(3) It must have a paid-up capital and reserves of an aggregate value of not less than Rs. 5 lakh

Which of the following statements are correct with regard to foreign banks operating in India?

1) Foreign banks would be permitted to acquire a controlling stake in a phased manner, but only in those private sector banks which are identified by the RBI for restructuring. 2) The parent foreign bank of a wholly owned subsidiary would continue to hold 100 per cent equity in the Indian subsidiary for a minimum prescribed period of operation. 3) Foreign banks would be allowed to open more than the existing WTO commitment of 12 branches in a year.

Which of the following are the scheduled banks ?

(1) HDFC Bank Ltd (2) ICICI Bank (3) State Bank of Mauritius Ltd

Unit Banking System' is that system where, individual bank undertakes the banking business

(1) through a few branches operating within a limited area (2) through a single office

Land Development Banks in India specialize in (2) long-term lending

In terms of section 6(1) of the Banking Regulation Act, as notified by the Government of India from time to time, commercial banks are permitted to undertake the business of

(1) mutual funds (2) insurance (3) leasing, hire-purchase and factoring

A new private sector bank

(1) will not be allowed to set up a subsidiary or mutual fund for at least three years after its establishment. (2) is expected to concentrate on core banking activities initially

Which of the following is a foreign bank in India?

(1) Sonali Bank

The commercial banking system in India consists of (2) scheduled and non-scheduled banks

"Scheduled bank"means a bank (2) included in the Second Schedule to the Reserve Bank of India Act, 1934

Which of the following mobilize/s the savings of the public to specifically invest in the industrial securities?

1) UTI 2) LIC 3) GIC

In which country the Unit Banking System is prevalent? 4) USA

If a person is not satisfied with the decision passed by the Banking Ombudsman, he/ she can approach the appellate authority against the Banking Ombudsmens decision. The Appellate Authority is vested in which among the following? 2) Deputy Governor of Reserve Bank of India Which of the following rates is not decided by the Reserve Bank of India (RBI)? 2) Prime Lending rate Which of the following statement/s is/are true about SEBI?

(1) SEBI was established in 1988 (2) It was made a fully autonomous body in 1992 (3) It regulates the securities market and protect the interests of investors in securities

The transfer of a loan from one party to another is called (1) Assignment

In which of the following year Small Industries Development Bank of India (SIDBI) was established? (3) 1990

A bond, debenture or preferred share that may be exchanged by- the owner for common stock or another security, usually of the same company, in accordance with the terms of the issue is known as (2) Convertible Non-Banking Financial Institutions comprise of

(1) Development Finance Institutions (DFIs) (2) Insurance Companies (3) Non-Banking Financial Companies (NBFCs), Primary Dealers (PDs), and, capital market intermediaries, eg, mutual funds

Which of the following is a Term Lending institution ? (3) EXIM Bank

Which of the following Financial Institutes are under full-fledged regulation and supervision of Reserve Bank of India (RBI) ?

(1) EXIM Bank (2) NABARD (3) NHB and SIDBI (4) None of these

Which of the following is the leader of the Indian money market? (2) Reserve Bank of India Insurance Regulatory and Development Authority of India (IRDA) was established in (2)1999 IDRA was established on the recommendation of (1) Malhotra Committee The headquarter of IRDA is in (5) Hyderabad Life Insurance Corporation of India (LIC) was established on (1) 1 September,1956

LIC is headquartered in (4) Mumbai The working and operations of NBFCs are regulated by (2) RBI The National Housing Bank (NHB) was established in

(2) 1988 National Housing Bank (NHB) is owned by (1) RBI Reserve Bank of India (RBI) categorised IDBI as a/an (4) Other Public Sector Bank

SWIFT stands for (2)Society for Worldwide Interbank Financial Telecommunication

What does EBT stands for (4) Electronic Benefit Transfer

ECB Stands for (3) External Commercial Borrowings Loss assets comprise assets where a loss has been identified by

(1) Bank (2) RBI

Normally, the following types of customers require higher due diligence under KYC norms, except (3) farmers with land holding over 10 acres The Government of India promulgated Banking Companies (Acquisition and Transfer of Undertakings) ordinance to acquire 14 commercial banks on (2) 19 July, 1969 The paid-up capital of non-scheduled banks is less than (1) Rs. 5 lakh

RBI was established on (2) April 1, 1935 RBI controls the commercial banks through

(1) periodic inspection of banks (2) follow up action (3) calling for returns and other information

The Lead Bank scheme was introduced by the RBI in

(2) 1969 Which are two major companies in the mortgage business and provide stiff competition to the commercial banks in the disbursal of housing loans? (4) HDFC, HUDCO In case a depositor wishes to withdraw his deposits prematurely, banks (4) charge a penalty for the same

Banks give contracts to third parties in order to manage support services like

(1) help desk support (2) credit card processing (3) call support service

To create a strong and competitive banking system, reform measures were initiated in early 1990s. The Thrust of these reforms was on (1) developing technological and institutional infrastructure (2) strengthening supervision over banks (3) increasing operation efficiency Which of the following aspects are outlined by policy of a bank? (1) rating standards (2) lending procedures (3) financial covenants The concept of base rate was introduced on July 1,2010 include (1) tenor premium (2) product-specific operating cost (3) credit risk premium In which of the following year State Bank of Saurashtra merged with State Bank of India? 4) 2008

Question was not answered

The Reserve Bank of India was established on the recommendation of which committee/commission? 4) Hilton-Young Committee Which of the following bank is headquartered in Kolkata? 3) Allahabad Bank "Reverse Mortgage" scheme is designed keeping which of the following groups of society in consideration? 3) Senior citizens

The real return to the investor sometimes gets reduced due to sudden rise in the prices of the commodities. This phenomenon in financial market is known as 3) Inflation risk

Who is 'payee' in the Bank Cheques? 2) Who encash the cheques Money that flows regularly between financial markets as investors attempt to ensure they get the highest short-term interest rates possible, is known as 2) Hot money Drawer can be payee in the Bank Cheques? 1) Yes Highly liquid assets which are not cash but can easily be converted into cash is called as 3) Near money Bill of Exchange means Unconditional order issued by a person or business which directs the recipient to pay a fixed sum of money to a third party at a future date. The non legal tender money which is generally acceptable by the people in it's final payments is known as 3) Optional money Who gives the Order to pay OR maker of the Bill of exchange is called 2) Drawer The Money that derives its value from government regulation or law 4) Fiat money In the Bill of Exchange, on whom the obligation to pay rests is called 2) Drawee The process of preparing budget for a period of a year or even for several years allocating capital outlays for the various investment projects is known as 1) Capital Budgeting

The Foreign Exchange Reserves of India are kept in the custody of 4) Reserve Bank of India Which of the following bank was merged with ICICI bank? 1) Bank of Rajasthan

The best alternative banking service to branch banking to be the part of Financial Inclusion? 2) Mobile banking Who is 'Drawer' in the Bank cheques? 2) Who issue the cheques

Who is 'Drawee' in the Bank Cheques? 1) Always the banker Which of the following bank was the first bank to set up talking ATM in India? 4) Union Bank FERA 1993 passed to control the foreign exchange dealings. FERA means? 2) Foreign Exchange Regulation Act Which of the following firmly tell many rules and regulations relating to Non-Performing Assets (NPA)? 3) Banking Regulation Act 1949 Which committee suggested the banking reforms? 2) Narasimham committee Which of the following bank was merged with HDFC bank? 3) Centurion Bank Which one of the following is the India's first indigenous payment gateway? 2) India Pay How many banks were nationalized in the second phase of bank nationalization in India in 1980? 2) 6 In 1980 Major commercial banks were nationalized with deposit over ____ crores. 5) 200 crore Which of the following bank was nationalized during the second phase of bank nationalization in India in 1980? 5) Oriental Bank of Commerce Which was the first New Generation tech-savvy banks in India? 1) Global Trust Bank Global Trust Bank later amalgamated with which Nationalized Bank? 4) Oriental Bank of Commerce

Banking Companies (Acquisition and Transfer of Undertaking) Bill passed in _______ paving way to the nationalization of banks in India? 2) 1969 State Bank of India Act was passed in which year? 4) 1955 In which year, Imperial Bank of India became State Bank of India? 4) 1955 In 1969 major commercial banks were nationalized with deposit over ____ crores. 2) 50 crore Who said the nationalization of banks is the 'masterstroke of political sagacity'? 4) Jayaprakash Narayan