Professional Documents
Culture Documents
35. The term KPO refers to? Answer: Knowledge Process Outsourcing
36. World Development Report is published every year by which of the
following? Answer: World Bank
37. Which organisaiton in India comes to the help of bank depositors in
case a bank fails and becomes insolvent? Answer: Deposit Insurance &
Credit Guarantee Corporation of India (DICGCI)
38. Apart from Stock exchanges which of the following come directly under
the control of (SEBI)? Answer: Credit Rating Agencies
39. What is true about LLP (Limited Liability Partnership)?
(a) LLP is a separate legal entity like limited companies
(b) Liability of partners is limited to their contribution
(c) NO partner in a LLP is liable on account of independent and
unauthorized actions of other partners
(d) Liability of a partner is limited, in case of errors and omissions
negligence, and incompetence of LLPs employees. Answer: all the
above
40. What are MSF (Marginal Standing Facility) schemes for banks?
Answer: Banks will be able to borrow from RBI, up to 1% of their
respective Net Demand and Time Liabilities
41. Solitaire range credit cards for women, were released by which of
these banks? Answer: HDFC Bank
42. Which state in India, utilized NABARDs schemes right from its
inception, by participating in 1023 projects for the development of and
creation of storage facilities in rural areas? Answer: Andhra Pradesh
43. A process of reducing debt (loans) through savings & payment by
installment (interest and principal) is known as? Answer: Amortization
44. Profession Tax is levied by ______. Answer: Municipal Corporation
45. What is debenture? Answer: An interest paying loan issued for a
limited period & traded in stock markets
46. AMFI Stands for? Answer: Association of Mutual Funds India
47. What is dear money policy? Answer: Credit is not easily available
from banks to all
48. What is a subsidy? Answer: Assistance given directly or indirectly
as per government schemes to a beneficiary
49. Farmers Clubs is the initiative of which of the following banks?
Answer: NABARD & SBI
50. Credit information Bureau of India Ltd (CIBIL) provides data to
commercial banks on which of the following?
Answer: Customer Credit
history
51. Indias foreign exchange reserves are kept in the safe custody of the?
Answer: RBI
52. Bank loans by hypothecation and Mortgage are called as? Answer:
secured loans
53. Banking services for individual customers is known as? Answer:
Retail Banking
54. A person who agrees to pay another persons debts in case of default is
known as? Answer: Guarantor
55. Current and savings accounts in banks are known as?
Answer:
Demand Deposits
56. What is a Demat account? Answer: Share trading account of
individual investor in dematerialized/ electronic format
57. Know your customer (KYC Norms) procedure requires obtaining
information from which of the following? Answer: Bank customers
58. M/s High Mark is a credit information bureau for which of the
following?
Answer: Micro finance companies
59. Foreign direct investment (FDI) is NOT permitted in which of these?
Answer: Arms & Ammunition and atomic energy and Railway
Transport and coal mines
60. FIPC (Foreign Investment Promotion Council) is constituted under the
chairmanship of?
Answer: ICICI Bank
61. Which of the following is a direct tax? (a) Income Tax, (b) Property Tax,
(c) wealth Tax, (d) Capital Gains Tax
Answer: all the above.
62. A crossed cheque can be encashed by?
Answer: through a bank
account only
63. What is Interbank Transfer? Answer: payment process by NEFT &
RTGS
64. What are sovereign wealth funds (SWF)?
Answer: money invested
out of countrys reserves for the benefit of nations economy &
citizens.
65. Deposit Insurance & Credit Guarantee Corporation (DICGC) is solely
owned by? Answer: RBI
66. Microfinance / micro Credit is meant for poorer sectors of the society
and this is routed through?
Answer: Self Help Groups (SHGs)
67. Bank of India (a public sector banking organization) tied up with
which of the following insurance companies for coverage of some of the loan
offered by it? Answer: Star Union Dai ichi Life insurance
89. To strength the capital base of banks which system was introduced for
banks including foreign banks in India? Answer: Capital- to risk
weighted assets ratio
90. Securitization and Reconstruction of financial Assets and enforcement
of security interest (SARFAESI) act was enacted in?
Answer: 2002
91. How many million notes are driven out of circulation every year in
India is about? Answer: 8Million
92. Modernized currency notes press are under establishment at?
Answer: Mysore and Salboni
93. Coins are minted at which places? Answer: Mumbai, Kolkata,
Hyderabad and Noida
94. RBI has decided to put into circulation coin of Rs. 5 and Rs. 2 with the
theme of? Answer: XIX common wealth Games 2010 Delhi.
95. The small coins (offences) Act was enacted in? Answer: 1971
96. India millennium deposit scheme was launched by? Answer: State
Bank of India
97. A minimum lending rate was prescribed on all loans, except for the
priority sector in? Answer: 1973
98. The evaluation of total operations and performance of the banks was
under which system since July 1997? Answer: CAMELS
99. The branch licensing policy for Regional Rural Banks was rationalized
in?
Answer: June 1995
100. The route of merger or amalgamation of RRBs was suggested by?
Answer: V.S.Vyas Committee
101. Tax payable on profits made on sale of assets, is _______. Answer:
Capital Gains Tax
102. Which of the following is not a function of the Reserve Bank of India?
Answer: Appointment of chairman of public sector banks