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PREVIOUS YEAR QUESTIONS Banking and financial services all over the world are

regulated usually by the Monetary Authority of the land.


Q1. Who controls this function in India?
Which of the following is considered an informal method (a) Ministry of Finance
of getting credit/finance? (b) SEBI
(a) Internet banking (c) RBI
(b) Branch visits (d) IRDA
(c) Going to moneylenders (e) FEDAI
(d) Telebanking Q8.
(e) All of these As reported in some major financial newspapers, many
Q2. times it is said that "Other Income" boosts the profit of a
A money deposited in a bank that cannot be withdrawn bank to a substantial level. What is this other income for
for a present fixed period of time is known as a a bank?
(a) term deposit (1) Commission for selling insurance policies
(b) checking account (2) Fee for providing various services (like ATM/Extra
(c) savings bank deposit cheque etc)
(d) no frills account (3) Interest on advances and loans
(e) current deposit (a) Only (1)
Q3. (b) Only (2)
Which of the following is the regulator of the credit (c) Both (1) & (2)
rating agencies in India? (d) Only (3)
(a) RBI (e) All (1), (2) & (3)
(b) SBI Q9.
(c) SIDBI GNP stands for
(d) SEBI (a) Gross National Product
(e) None of these (b) Group Net Product
Q4. (c) Grand Nuclear Process
The Interest rate at which the RBI lends to commercial (d) Group Network Process
banks in the short-term to maintain liquidity is known as (e) None of the above
(a) interest rate Q10.
(b) repo rate What is the objective of the government behind setting
(c) reverse repo rate up a Minimum Export Price (MEP) for a particular
(d) bank rate commodity?
(e) All of the above (a) To promote import
Q5. (b) To promote exports
The main function of commercial bank can be segregated (c) To check price rise
into (d) To help exporters
I. payment system. (e) None of these
II. financial intermediation. Q11.
III. financial services. RBI constituted an expert committee for examining its
Select the correct answer using the codes given below current monetary policy framework. Who is the
(a) I, II and III chairman of the committee?
(b) I and III (a) Dr. Urjit Patel
(c) I and II (b) H. R. Khan
(d) II and III (c) Dr. Anand Sinha
(e) None of these (d) K. C. Chakrabarty
Q6. (e) None of these
The National Bank for Agriculture and Rural Q12.
Development (NABARD) was established in the year Which of the following banks has acquired the
(a) 1970 ‗Centurion Bank of Punjab‘?
(b) 1982 (a) ICICI Bank
(c) 1977 (b) IDBI Bank
(d) 1980 (c) HDFC Bank
(e) 1975 (d) AXIS Bank
Q7. (e) None of these

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Q13. (d) insurance
An account in which trading of shares in their electronic (e) None of the above
form is done, is known as Q20.
(a) D-mat account Union budget is always presented first in
(b) NRI account (a) the Lok Sabha
(c) NRIO account (b) the Rajya Sabha
(d) Current account (c) joint session of the Parliament
(e) None of these (d) meeting of the Union Cabinet
Q14. (e) the State Assemblies
RBI‘s open market operation transactions are carried Q21.
out with a view to regulate. The Bank of Japan (BOJ) and the Reserve Bank of India
(a) liquidity in the economy (RBI) recently agreed to expand the amount of the
(b) prices of essential commodities conflation Bilateral Swap Agreement (BSA) to
(c) borrowing power of the banks (a) 15 billion dollars
(d) All of the above (b) 35 billion dollars
(e) None of the above (c) 50 billion dollars
Q15. (d) 75 billion dollars
Which of the following is the full form of the term SLR as (e) None of these
used in the banking sector? Q22.
(a) Social Lending Ratio Govt of India has created a special fund called India
(b) Statutory Liquidity Ratio Micro Finance Equity Fund of Rs. 100 crores. The fund is
(c) Scheduled Liquidity Rate maintained by
(d) Separate Lending Rate (a) IDBI Bank
(e) None of these (b) RBI
Q16. (c) ECGC
By virtue of the amendment carried out by the Regional (d) SIDBI
Rural Bank (Amendment) Act, 1987, the Chairman of a (e) NABARD
Regional Rural Bank (RRB) is to be appointed by Q23.
(a) Central Government Which of the following policies of the financial sectors is
(b) State Government basically designed to transfer local financial assets into
(c) Sponsor bank in consultation with NABARD foreign financial assets freely and at market determined
(d) Reserve of Bank of India exchange rates? Policy of
(e) None of the above (a) Capital Account Convertibility
Q17. (b) Financial Deficit Management
Dr Muhammad Yunus is a resident of (c) Minimum Support Price
(a) India (d) Restrictive Trade practices
(b) Pakistan (e) None of these
(c) Bangladesh Q24.
(d) USA Many Regional Rural Banks are given licence to open
(e) UK branches in small cities and towns. These licences are
Q18. given by
NEFT means (a) Cabinet Committee on Economic Affairs
(a) National Electronic Funds Transfer system (b) Reserve Bank of India
(b) Negotiated Efficient Fund Transfer System (c) NABARD
(c) National Efficient Fund Transfer Solution (d) Indian Banks‘ Association
(d) Non Effective Fund Transfer System (e) None of the above
(e) Negotiated Electronic Foreign Transfer system Q25.
Q19. The first decimal issues of coins in 1950 in India
A Bill of Exchange in which a bank orders its branch or consisted of
another bank, as the case may be, to pay a specified (a) 1, 2 and 5 paise
amount to a specified person or to the order of the (b) 1, 2, 5 and 10 paise
specified person is called (c) 1, 2, 5, 10 and 25 paise
(a) cheque (d) 1, 2, 5, 10, 25 and 50 paise
(b) bankdraft (e) 1, 2, 5, 10, 25 and 50 paise along with Rs. 1
(c) promissory note Q26.

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Which nationalised bank was the first to sponsor a (b) 1 and 2 only
Regional Rural Bank (RRB) in India? (c) 1 and 3 only
(a) Syndicate Bank (d) 1, 2 and 3
(b) Bank of India (e) None of these
(c) Union Bank of India Q32.
(d) Central Bank of India‘ Which of the following is not a money market
(e) None of the above instrument?
Q27. (a) Treasury Bills
The basic aim of Lead Bank Scheme is that (b) Commercial Paper
(a) big banks should try to open offices in each district (c) Certificate of Deposit
(b) there should be stiff competition among the various (d) Equity Share
nationalised banks (e) None of these
(c) individuals banks should adopt particular districts Q33.
for intensive development For which of the following reasons RBI has decided to
(d) all the banks should make intensive efforts to undertake mid-quarter policy reviews?
mobilise deposits (1) Bank Rate and Repo Rate
(e) None of the above (2) Reverse Repo Rate
Q28. (3) CRR and SLR
Which is the card that looks like any other plastic card (a) Only (1)
or an ATM card with Integrated Circuit (IC chip)? (b) Only (2)
(a) Member card (c) Only (3)
(b) Charge card (d) All (1), (2) & (3)
(c) Credit card (e) None of these
(d) Smart card Q34.
(e) None of the above Which of following institutions regulate non-banking
Q29. financial companies?
Basel-II norms are associated with which of the (a) RBI
following aspects of the banking industry? (b) SEBI
(a) Risk management (c) IRDA
(b) Manpower planning (d) Finance Ministry
(c) Retirement benefits for the employees (e) None of these
(d) Corporate Governance Q35.
(e) None of these Which of the following statements is correct about
Q30. promissory note?
Inflation in India is measured on which of the follow (a) It need not be in writing
indexes/indicators? (b) An implied promise is enough to constitute a valid
(a) Cost of Living Index (COLI) promissory note
(b) Consumer Price Index (CPI) (c) The promise to pay must be definite and
(c) Gross Domestic Product (GDP) unconditional
(d) Wholesale Price Index (WPI) (d) The name of the payee need not be mentioned
(e) None of these (e) The payment can be in kind
Q31. Q36.
President Pranab Mukherjee on 30 March 2014 cleared What was the objective of starting cooperative banking
the re-promulgation of the SEBI Ordinance Securities in India?
Laws (Amendment) Bill 201 (a) To act as competitors to commercial banks
3. The ordinance aims to give powers to (b) To be solely for the agriculture sector
1. Securities and Exchanges Board of India (SEBI) to act (c) To start self help groups
against Ponzi scheme. (d) To replace moneylenders and indigenous bankers
2. The move was to arm the regulator with more (e) None of the above
stringent powers comes in the wake to curb the illegal Q37.
involvement of chit fund companies. Which of the following is an effort in the direction of
3. Parliament passed the Securities Laws (Amendment) financial inclusion?
Bill 2013 in the Winter session. Consider the above (a) Internet banking
statements and choose the correct option. (b) Anywhere banking
(a) 1 only (c) Foreign currency accounts

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(d) All of these (a) allow them to open a joint account to be operated
(e) None of these jointly
Q38. (b) allow them to open a joint account with operating
Which one of the following may be the consequence of instructions either or survivor
buying forex in the market by the RBI? (c) allow them to open a joint account with operating
(a) It leads to inflation instructions former or survivor
(b) It leads to control over inflation (d) allow them to open a joint account with operating
(c) It does not affect inflation instructions any one or survivor
(d) It results into deflation (e) None of these
(e) None of the above Q44.
Q39. Which of the following organisations is known as the
The UTI was established in market regulator in India?
(a) 1956 (a) IBA
(b) 1964 (b) SEBI
(c) 1972 (c) AMFI
(d) 1976 (d) NSDL
(e) None of these (e) None of these
Q40. Q45.
The Reserve Bank of India (RBI) has recently issued Reverse repo means
guidelines for asset reconstruction companies (ARCs) to (a) injecting liquidity by the Central Bank of a country
increase their investments in security receipts (SRs) through purchase of government securities
with the objective of strengthening the asset recovery (b) absorption of liquidity from the market by sale of
sector. What is the minimum prescribed percentage of government securities
funds that ARCs would now have to invest in SRs as (c) balancing liquidity with a view to enhance economic
directed in this RBI guideline? growth rate
(a) 7.5% (d) improving the position of availability of the
(b) 10% securities in the market
(c) 15% (e) All of the above
(d) 18% Q46.
(e) None of these Which of the following types of institutions operate in
Q41. the call money market only as lender?
Which of the following activities can lead to financial (a) Commercial banks
inclusion in India? (b) Primary dealers
(1) Issuing of general purpose credit cards. (c) Insurance companies
(2) Strict know your customer‘ (KY(c) norms (d) SBI
(3) Opening of Bank branches in unbanked rural areas. (e) None of the above
(4) Opening of no-frills account. Select the correct Q47.
answer using the codes given below: Which of the following statements is/are TRUE about
(a) 1, 2 and 3 only the activities of the NABARD?
(b) 2, 3 and 4 only (1) NABARD has the responsibility to inspect RRBs and
(c) 1, 3 and 4 only Cooperative Banks.
(d) 2 and 3 only (2) NABARD maintains Research and Development Fund
(e) None of these to promote research in agriculture and rural
Q42. development.
Which of the following is NOT a Public Sector (3) NABARD is a wing of the Planning Commission of
Unit/Undertaking/Agency? India.
(a) ECGC (a) Only (1)
(b) SEBI (b) Only (2)
(c) SIDBI (c) Both (1) & (2)
(d) Axis Bank (d) Only (3)
(e) BHEL (e) All (1), (2) & (3)
Q43. Q48.
Mahesh and Suresh are friends aged 14 and 15 Which bank in India has introduced vertical credit
respectively. They want to open a joint account in your cards?
bank. You will (a) Kotak Bank

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(b) Yes Bank (a) Savings Bank Ordinary account
(c) HDFC Bank (b) Student Savings Bank account
(d) ICICI Bank (c) No-Frill account
(e) SBI (d) Current account
Q49. (e) Call deposit
Which of the following correctly describes what sub- Q55.
prime lending is? Which of the following is not a measure adopted by the
I. Lending to the people with less than ideal credit status. Government or RBI to control inflation?
II. Lending to the people who are high value customers (a) Monetary policy
of the banks. (b) Fiscal policy
III. Lending to those who are not a regular customer of a (c) Public distribution system
bank. Select the correct answer using the codes given (d) Price control
below: (e) Financial inclusion
(a) Only I Q56.
(b) Only II The Reserve Bank of India keeps on changing various
(c) Only III ratio/rates frequently. Why is this done?
(d) All of these (1) To keep inflation under control.
(e) None of these (2) To ensure that Indian Rupee does not lose its market
Q50. value.
In India, the National Income is measured on the basis of (3) To ensure that Banks do not earn huge profits at the
(a) flow of goods only cost of public money.
(b) number of employed youth only (a) Only 1
(c) volume of tax collected per annum (b) Only 2
(d) earning of people working in PSUs and government (c) Only 3
jobs (d) All 1, 2 & 3
(e) All of the above (e) None of these
Q51. Q57.
The Union Govt. recently launched a web portal for Which of the following conditions are required to be
enabling government-citizen discussions on several fulfilled by a Regional Rural Bank (RRB) to be eligible for
issues. What is the name of this portal which was opening of new branches?
inaugurated by Prime Minister Narendra Modi? (a) It should not have defaulted in maintenance of SLR
(a) MyGov and CRR during the last 2 years
(b) MineGov (b) It should be making operational profits
(c) MeriGov (c) Its net worth shouldshow improvement and its net
(d) MyGovern NPA ratio should not exceed 8%
(e) None of these (d) Both A and B
Q52. (e) All of the above
RBI reduced the Marginal Standing Facility (MSF) Rate to Q58.
9% from Financial inclusion means provision of
(a) 9.5% (a) financial services, namely, payments, remittances,
(b) 9.3% savings, loans and insurence at affordable cost to
(c) 9.8% persons not yet given the same.
(d) 9.9% (b) ration at affordable cost to persons not yet given the
(e) None of these same.
Q53. (c) house at affordable cost to persons not yet given the
What was the deposits criteria of 14 banks nationalised same.
on 19th July, 1969? (d) food at affordable cost to persons not yet given the
(a) Rs. 1000 crore same.
(b) Rs. 500 crore (e) education at affordable cost to persons not yet given
(c) Rs. 100 crore the same.
(d) Rs. 50 crore Q59.
(e) None of these A centralized database with online connectivity to
Q54. branches, Internet as well as ATM network which has
A Savings Bank Account opened with a commercial bank been adopted by almost all major banks of our country is
with zero balance or very minimal balance is known as known as

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(a) investment banking (e) None of these
(b) core banking Q65.
(c) mobile banking Which of the following organization/ agencies is not
(d) national banking associated with the world of banking and finance?
(e) specialised banking (a) SEBI
Q60. (b) AMFI
Which of the following is not considered as negotiable (c) RBI
instrument underthe Negotiable Instruments Act, 1881? (d) ECGC
(a) Bill of Exchange (e) SPCA
(b) Promissory Note Q66.
(c) Share Certificate In India, Fixed Fiduciary System of note issue was in
(d) Cheque Payable to Bearer force from
(e) Cheque with ‗Not Negotiable‘ crossing (a) 1816 to 1920
Q61. (b) 1920 to 1945
As we all know, the Ministry of Finance every year (c) 1945 to 1950
prepares the Union Budget and presents it to the (d) 1947 to 1952
Parliament. Which of the following is/are the elements of (e) 1965 to 1972
the Union Budget? Q67.
I. Estimates of revenue and capital receipts. Regional Rural Banks fall within supervisory purview of
II. Ways and means to raise the revenue. (a) SBI
III. Estimates of expenditure. Select the correct answer (b) RBI
using the codes given below: (c) SEBI
(a) Only I (d) IRDA
(b) Only II (e) None of these
(c) Only III Q68.
(d) All of these Which of the following statements is incorrect about
(e) None of these NBFCs?
Q62. (a) An NBFC cannot accept demand deposits.
National Bank for Agriculture and Rural Development (b) These institutions trade in the capital market in a
(NABARD) recently reduced the refinance rates for the variety of assets and liabilities.
banks and other lending agencies by (c) An NBFC can issue cheques drawn on itself.
0.20 percent. The NABARD was established on the (d) Deposit insurance facility of Deposit Insurance and
recommendation of which committee? Credit Guarantee Corporation is not available for NBFC
(a) Narendran Commission depositors.
(b) Mukherjee Commission (e) NBFIs act as brokers of loanable funds and in this
(c) Justice Shah Commission capacity they, intermediate between the ultimate saver
(d) B. Sivaraman Committee and the ultimate investor.
(e) None of these Q69.
Q63. ‗National Financial Switch‘ has been setup to facilitate
Accounts are allowed to be operated by cheques in connectivity between the bank‘s switches and their
respect of ATMs and interbank payment gateway for
(a) Both savings bank accounts and fixed deposit authentication and routing the payment details of
accounts various e-commerce transactions. Which organisation
(b) Savings bank accounts and current accounts has set-up this switch?
(c) Both savings bank accounts and loan accounts (a) IBRD
(d) Both savings bank accounts and cash accounts only (b) IDRBT
(e) Both current accounts and fixed deposit accounts (c) SBI
Q64. (d) SIDBI
A customer wishes to purchase some US dollars in India. (e) None of these
He/she should go to Q70.
(a) Public Debt Division of the RBI only What is meant by ―Underwriting‖, the term frequently
(b) American Express Bank Only used in financial sector?
(c) RBI or any branch of a bank which is authorized for (a) Undervaluation of the assets
such business (b) The act of taking on a risk for a fee
(d) Ministry of Foreign Affairs

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(c) Giving a Guarantee that a loan will not become a bad (a) a banker is required to give evidence in the court
loan (b) there is national emergency and disclosure is
(d) The act of permission to float an IPO essential in the public interest
(e) None of these (c) there are clear proofs of reason to the state and when
Q71. consent is given by the customer to provide information
Which of the following organisation agencies are for the preparation of balance sheet
involved in drafting the Union Budge of India? (d) All of the above
(a) The Planning Commission (e) None of the above
(b) The Comptroller and Auditor General Q77.
(c) Administrative Ministries Many Co-operative Banks has their licenses cancelled by
(d) Both A and B RB
(e) All I. Why?
Q72. (a) Because of financial indiscipline
The Reserve Bank of India (RBI) extended the timeline (b) Because of staff and management rift
for full implementation of the Basel III capital (c) As a result of labour unrest
regulations by a year. Now the banks are required to (d) Owing to voluntary surrender by the co-operative
comply with the Basel III norms by 31 March 2019 (e) All of the above
instead of Q78.
(a) 31 March 2016 Which of the following is incorrect about the acceptance
(b) 31 March 2018 of deposits by the NBFCs?
(c) 31 March 2017 (a) They are allowed to accept/renew public deposits for
(d) 31 March 2015 a minimum period of 12 months and maximum period of
(e) None of these 60 months
Q73. (b) They cannot accept deposits repayable on demand
Treasury Bills means (c) They should have minimum investment grade credit
(a) salary bills drawn by Government officials on the rating
treasury (d) Their deposits are not insured
(b) bills drawee by the Government contractors and (e) The repayment of deposits by NBFCs is guaranteed
other suppliers on the treasury for the dues owed to by RBI
them by the Government Q79.
(c) obligation of the Government of India issued by the In which one of the following states, India‘s first Islamic
Reserve Bank of India and payable normally 91 days Bank is proposed to be set-up?
after issue (a) Kerala
(d) a mode of drawings by the Treasury Office on the (b) Tamil Nadu
Reserve Bank of India (c) Odisha
(e) None of the above (d) Bihar
Q74. (e) None of these
Which of the following is the Central Bank of USA? Q80.
(a) Federation of Banks, USA What do you understand by ‗Para Banking services?
(b) Citigroup, USA (a) Eligible financial services rendered by banks
(c) Bank of America (b) Utility services provided by banks
(d) Central Bank of USA (c) Services provided through business correspondents
(e) Federal Reserve (d) Services provided to armed force personnel
Q75. (e) None of these
All venture Capital Funds must be registered with Q81.
(a) RBI Indian Parliament recently has passed the bill to
(b) SEBI empower SEBI to act against ponzi operators and market
(c) Registrar of Companies manipulators more effectively. What is the name of this
(d) Either A and B bill?
(e) None of these (a) The Securities Law (Amendment) Bill, 2014
Q76. (b) Judicial Appointments Commission Bill, 2014
The banker is under an obligation to take utmost care in (c) The Constitution Bill,2014
keeping secrecy of the details of the customer. However, (d) The Banking Law,2014
the obligation of secrecy is not considered essential (e) None of these
when Q82.

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Consider the following statements: (c) RRB
(1) Fiat money is a term used for Gold coins. (d) NABARD
(2) Currency Deposit Ratio is the proportion of the total (e) None of these
deposits commercial banks keep as reserves. Which of Q88.
the above statements is/are correct? The Union Budget for 1995-96 proposed the creation of
(a) 1 only RIDF in NABARD, with a corpus of Rs. 2,000 cr. What is
(b) 2 only the full form of RIDF?
(c) Both 1 and 2 (a) Rural India Decoration Forum
(d) Neither 1 nor 2 (b) Research and Industrial Development Forum
(e) None of these (c) Rural Infrastructure Development Fund
Q83. (d) Research and Industrial Development Fund
Which of the following is NOT a foreign bank working in (e) None of these
India? Q89.
(a) HSBC BEF is the statement which banks submit to RBI relating
(b) Barclays to:
(c) Standard Chartered (a) Transactions in US Dollars
(d) Yes Bank (b) Importers who have not submitted documentary
(e) All are foreign banks evidence for import within stipulated time period
Q84. (c) Over due export bills
Mangalam village became the first village in India where (d) Non performing assets
all households were provided banking facilities. (e) Excess overnight limit position of the bank
Mangalam village is situated in which of the following Q90.
Union Territories? Sub-prime refers to
(a) Delhi (a) lending done by banks at rates below PLR
(b) Chandigarh (b) funds raised by the banks at sub libor rates
(c) Puducherry (c) group of banks which are not rate as prime banks as
(d) Daman and Diu per banker‘s almanac
(e) Andaman Nicobar (d) lending done by financing institutions including
Q85. banks to customers not meeting with normally required
In one of his speeches, Pranab Mukherjee said that the credit appraisal standards
government has no plans to dilute the roles of market (e) None of the above
regulators. This means, the role of which of the following Q91.
will not be diluted? Which of the following is one of the measures of
(a) Life Insurance Corporation of India (LIC) economic growth of a country?
(b) Confederation of Indian Industry (CII) (a) Volume of direct investment made by foreign
(c) Federation of Chambers of Commerce and Industry countries
(FICCI) (b) Number of companies listed on the stock exchange
(d) Bureau of India Standards (c) Gross domestic product of the nation
(e) Securities and Exchange Board of India (SEBI) (d) Number of foreign nationals working in a country
Q86. (e) All of the above
An agreement, which in fact is a contract, between the Q92.
RBI and banks for the sale and repurchase of Public sector based Central Bank during July 2014
government securities and short-term treasury bills at a announced its plans to sell 4% of its stake to LIC for Rs.
future date and for which the RBI indicates ‗the interest 581 crore. This stake sale is planned to meet bank's
rate‘, is generally known as capital requirement of Rs. 2,000 crore this fiscal. With
(a) repo rate this proposed sale Union Govt.'s holding in Central Bank
(b) bank rate would come down to .
(c) reverse repo rate (a) 78%
(d) prime lending rate (b) 80%
(e) none of these (c) 84%
Q87. (d) 88%
Which of the following is the Central Bank of the (e) None of these
country? Q93.
(a) RBI Who is the first chairperson and managing director of
(b) SBI public sector Bharatiya Mahila Bank (BMB)?

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(a) Shilpa Phadnis Q99.
(b) Usha Anantha Subramanian The concept of'Micro Credit' essentially concentrates on
(c) Reeba Zachariah (a) consumption smoothening as and when needed
(d) Sudha Misra (b) providing safe place to hold savings
(e) None of these (c) accepting deposits
Q94. (d) provision of credit to the poor
Name the premier institution that is taking care of the (e) facility to transfer money
financial needs of importers and exporters of our Q100.
country which was established in the year 198 A lot of Banks in India these days are offering M-Banking
1. Facility to their customers. What is the full form of ‗M‘ in
(a) EXPO Bank ‗M-Banking‘?
(b) Export Import Bank (EXIM) (a) Money
(c) Merchant Bank (b) Marginal
(d) ECGC (c) Message
(e) None of the above (d) Mutual Fund
Q95. (e) Mobile Phone
Travellers cheque is Q101.
(a) a supplementary credit card As per guidelines of Reserve Bank of India, a new
(b) a cheque issued by a bank or finance institution private sector bank
which functions as capital (a) shall be subject to prudential norms in regard to
(c) a certificate issued by a bank or finance institution in income recognition, asset classification and provisioning,
lieu of cash capital adequacy, etc.
(d) a cheque issued by a bank or finance institution (b) shall have to observe priority sector lending targets
which functions as a bond as applicable to other domestic banks
(e) a prepaid instrument issued by a bank or finance (c) will be required to open rural and semiurban
institution which can be substitute of cash branches
Q96. (d) All of these
Whenever RBI does some Open Market Operation (e) None of these
transactions, actually it wishes to regulate which of the Q102.
following? Which of the following is not a tax/duty levied by the
(a) Inflation only Government of India?
(b) Liquidity in economy (a) Income Tax
(c) Borrowing powers of the banks (b) Education Cess
(d) Flow of foreign direct investments (c) Service Tax
(e) None of the above (d) Customs Duty
Q97. (e) Toll Tax
The central banking functions in India are performed by Q103.
the Reserve Bank of India (RBI) on 15 January 2014
1. Central Bank of India included two countries in the sensitive list under FEMA
2. Reserve Bank of India Act, 200
3. State Bank of India 0. The countries in question are
4. Punjab National Bank (a) Iran and China
(a) 1, 2 and 3 (b) Hong Kong and Macau
(b) 2 (c) Syria and Sudan
(c) 1 (d) Israel and Libya
(d) 2 and 4 (e) None of these
(e) None of these Q104.
Q98. 11 Which of the following is a correct statement?
Which of the following is not a recommendation of the (a) Normally no interest is paid on current deposit
Narasimham Committee, 1991? accounts.
(a) Reduction of CRR and SLR (b) Interest is paid on current accounts at the same rate
(b) Phasing out directed Credit Programme as term deposit accounts.
(c) Reduction of capital adequacy ratio (c) The rate of interest on current account and savings
(d) Establishment of ARF fund account are the same.
(e) Autonomy to public sector bank (d) No interest is paid on any deposit by the bank.

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(e) Savings deposits are the same as current deposits. (b) Basel Committee on Banking Supervision
Q105. (c) Bank‘s Commission on Banking Supervision
What is the Statutory Liquidity Ratio (SLR) at present? (d) Basel Commission on Banking Supervision
(a) 14% (e) None of these
(b) 18% Q112.
(c) 20% Inflation is measured in India on the basis of which
(d) 24% index?
(e) None of these (a) Consumer price index
Q106. (b) Wholesale price index
As per the new guidelines issued by SEBI, companies are (c) Retail price index
required to list shares within how many days of the (d) Market forces
closure of the Initial Public Offers (IPOs)? (e) None of these
(a) 12 days Q113.
(b) 15 days The Purchasing Managers' Index (PMI) is a venture of
(c) 21 days ?
(d) 30 days (a) HDFC
(e) 25 days (b) HSBC
Q107. (c) ICICI
Which one of the following methods is currently used in (d) EXIM Bank of India
India to issue note? (e) None of these
(a) Fixed Fiduciary System Q114.
(b) Maximum Fiduciary System Which one of the following countries is the first
(c) Proportional Reserve System borrower of fund from the International Monetary Fund?
(d) Percentage Reserve System (a) United States
(e) Minimum Reserve System (b) France
Q108. (c) Spain
RRBs are owned by (d) India
(a) Central Government (e) Sri Lanka
(b) State Government Q115.
(c) Sponsor Bank Who amongst the following was the Head of the
(d) All of the above committee which gave its recommendations on the
(e) None of the above modalities for Capital Account Convertibility?
Q109. (a) Dr. Rakesh Mohan
The working and operations of NBFCs are regulated by (b) Dr. C Rangarajan
(a) SEBI (c) S.S. Tarapore
(b) RBI (d) K.J. Udeshi
(c) Finance Ministry, GoI (e) None of these
(d) IRDA Q116.
(e) None of the above The Monetary and Credit Policy of India is the
Q110. responsibility of which of the following?
Banks and other institutions have issued debt and credit (a) Planning Commission
cards, the purpose of both are (b) Finance Ministry
(a) the same, to make paperless payments (c) RBI
(b) different, since in credit card, the account is credited (d) National Advisory Council
with the amount while in debit card the account is (e) None of these
debited Q117.
(c) the same, there is risk weight-age of 125% in both Which of the following is the abbreviated name of the
the cards. new Act which deals with money laundering?
(d) different, since in debit cards interest for delayed (a) AILTA
period is charged while in credit cards no such interest is (b) PERDA
charged by banks (c) TERLS
(e) None of the above (d) SALT
Q111. (e) PMLA
Expand the term BCBS. Q118.
(a) Bank‘s Committee on Banking Supervision Which of the following is true about Cooperative Banks?

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(a) They are established under the Cooperative Societies (a) 1 only
Act (b) 1 and 4 only
(b) They have profit as their main motive (c) 1, 2 and 4 only
(c) All are scheduled banks (d) 1, 2, 3 and 4
(d) All of the above (e) None of these
(e) None of the above Q124.
Q119. Who amongst the following is the Chairman of the 13th
Which of the following is/are the functions of foreign Finance Commission?
banks? (a) Bimal Jalan
I. Remitting money from one country to another country. (b) Y V Reddy
II. Discounting of foreign bills. (c) C Rangarajan
III. Buying and selling gold and silver. IV. Helping import (d) Vijay Kelkar
and export trade. Select the correct answer using the (e) None of these
codes given below: Q125.
(a) I and II How does a bank establish the identity of a customer?
(b) II and III (a) By getting introduction of an existing customer
(c) III and IV (b) By following KYC norms
(d) I, II and III (c) By taking AADHAR card copy
(e)(d) All of these (d) All of the above
Q120. (e) None of the above
The foreign exchange rate is dependent on which of the Q126.
following? SEBI is a/an
(a) Government policies (a) advisory body
(b) Monetary policy directives (b) statutory body
(c) Demand and supply forces (c) constitutional body
(d) Foreign exchange reserves (d) non-statutory body
(e) None of these (e) registered as a society
Q121. Q127.
Net balance maintained in current account by co- RBI generally reviews the Monetary Policy after every
operative banks with .......... are not treated as cash for the (a) 3 months
purpose of CRR/ SLR. (b) 6 months
(a) State Bank of India (c) 9 months
(b) State Bank of Hyderabad (d) 10 months
(c) IDBI Bank Limited (e) None of the above
(d) Canara Bank Q128.
(e) All of these The legal relationship between a bank and its customer
Q122. is a kind of
Indian Railways during August 2014 launched a contact- I. debtor and creditor.
less smart card enabling passengers to pay for reserved II. principal and agent.
as well as unreserved travelling train tickets as part of a III. pledgor and pledgee. IV. mortgagor and mortgage.
pilot project. What is the name of this smart card with Select the correct answer using the codes given below:
lifetime validity? (a) I and III
(a) Go-India (b) I, III and IV
(b) Go-Bharat (c) I, II, III and IV
(c) Go-Indian (d) I and II
(d) Go-Railway (e) I, II and III
(e) None of these Q129.
Q123. Which of the following statements about the NABARD
When the RBI wants to inject liquidity into economy, it is/are TRUE?
may adopt the following: (1) NABARD has a dual role to play as it is an apex body
(1) Buy the government securities from the banks. and a refinance institution.
(2) Enter into reverse repo operations (2) NABARD services as a refinance institution for all
(3) Raise cash Reserve Ratio kinds of production and investment credit to agriculture
(4) Reduce SLR. Select the correct answer using the and cottage and village industries.
codes given below:

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(3) NABARD accepts short-term deposits from the public (d) Thirteen
like any other bank to improve its capital base. (e) None of these
(a) Only (1) Q134.
(b) Only (2) Which is not a source of Agriculture finance in India?
(c) Only (3) (a) Co-operative societies
(d) Only (1) & (2) (b) Commercial Banks
(e) All (1), (2) & (3) (c) Regional Rural Banks
Q130. (d) Central Rural Bank
Which of the following is true about RBI's decision (e) None of these
regarding sick micro and small enterprises? Q135.
(a) These guide lines made on recommendations of the How many banks were nationalised in the second phase
working group chaired by Deputy Governor K. C. in 1980?
Chakrabarty (a) 5
(b) RBI has suggested that an MSE is considered 'sick' (b) 6
when: any of the borrowed amount of the enterprise (c) 7
remains a non-performing asset (NPA) for three months (d) 4
or more (e) 1
(c) RBI also suggested if there is erosion in the net worth Q136.
due to accumulated losses to the extent of 50 percent of A current account in a bank means
its net worth during the previous accounting year (a) in which balances are kept high
(d) The stipulation that the unit should have been in (b) interest is not paid on the balance in the account
commercial production for at least two years has been (c) in which transactions should take place daily
removed. (d) availing credit facilities
(e) All the above true (e) None of these
Q131. Q137.
‗Sub prime lending‘ is a term applied to the loans made Which of the following are decided by the Reserve Bank
to of India?
(a) these borrowers who do not have a good credit I. Deposit rates
history II. Base Rate
(b) those who wish to take loan against the mortgage of III. Prime Lending Rate Select the correct answer using
tangible assets the codes given below:
(c) those who have a good credit history and are known (a) Only I
to bank since 10 years (b) Only II
(d) Both A and B (c) Only III
(e) None (d) II and III
Q132. (e) None of these
Consider the following statements: Q138.
I. The first attempt to calculate National Income of India If the cash reserve ratio is lowered by the RBI, its impact
was made by Dadabhai Naoroj on credit creation will be to
i. (a) increase it
II. The first scientific method to calculate national (b) decrease it
income of India was made by Professor VKRV Rao. (c) no impact
Which of the statements given above is/are correct? (d) constant
(a) Only I (e) None of these
(b) Only II Q139.
(c) Both I and II Which of the following measures have been taken to
(d) Neither I nor II enlarge resources available to RRBs?
(e) Either I or II (a) Lines of credit at a reasonable rate of interest from
Q133. sponsor banks
How many banks were fined by the Reserve Bank of (b) Access to inter-RRB term money/ borrowings
India (RBI) on 25 July 2014 for violating central bank (c) Access to repo/CBLO markets
rules in the case of Deccan Chronicle Holdings? (d) All of the above
(a) Ten (e) None of the above
(b) Eleven Q140.
(c) Twelve

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A worldwide financial messaging network which Q146.
exchanges messages between banks and financial An agreement, which in fact is a contract, between the
institutions is known as RBI and Banks for the sale and repurchase of Govt
(a) CHAPS securities and shortterm treasury bills at a future date
(b) SWIFT and for which the RBI indicates ―the interest rate‖, is
(c) NEFT generally known as
(d) SFMS (a) Repo Rate
(e) CHIPS (b) Bank Rate
Q141. (c) Reverse Repo Rate
A centralised database with online connectivity to (d) Prime Lending Rate
branches, Internet as well as ATM network which has (e) None of these
been adopted by almost all major banks of our country is Q147.
known as? Which of the following key rate has not been altered by
(a) Investment banking RBI since 2003?
(b) Core banking (a) Bank rate
(c) Mobile banking (b) Statutory liquidity ratio
(d) National banking (c) Cash reserve ratio
(e) Specialised banking (d) Repo rate
Q142. (e) All of the above
Initial repayment holiday given to a borrower for Q148.
repayment of loan is called is On 25th September, 1975, rupee was delinked from
(a) subvention pound sterling and was linked to
(b) moratorium (a) US dollar
(c) re-schedulement (b) gold
(d) amortisation (c) basket of currencies
(e) EMI (d) All of these
Q143. (e) None of these
Fiscal deficit is Q149.
(a) total income less government borrowing The number of directors on the Boards of RRBs has been
(b) total payments less total receipts raised to
(c) total payments less capital receipts (a) 14
(d) total expenditure less total receipts excluding (b) 15
borrowing (c) 16
(e) None of the above (d) 17
Q144. (e) 18
Reserve Bank of India on 20 January 2014 constituted Q150.
an Expert Committee to Review Governance of Bank The Narasimham Committee, 1991 has given which of
Boards in India. The expert committee will be chaired the following major recommendations?
by? I. Reduction in the SLR and CRR.
(a) Urjit R. Patel II. Phasing out Directed Credit Programme.
(b) H.R. Khan III. The determination of the interest rate should be on
(c) K.C. Chakrabarty the grounds of market forces such as the demand for and
(d) P.J. Nayak the supply of fund.
(e) None of these IV. The actual numbers of public sector banks need to be
Q145. reduced.
The usual deposit accounts of banks are V. Narrow banking concept where weak banks will be
(a) Current accounts, electricity accounts and insurance allowed to place their funds only in short-term and risk
premium accounts free as.
(b) Current accounts, post office savings bank accounts Select the correct answer using the codes given below:
and term deposit accounts (a) I, II and V
(c) Loan accounts, savings bank accounts and term (b) I, III, IV and V
deposit accounts (c) I, II, III and V
(d) Current accounts, savings bank accounts and term (d) II, III, IV and V
deposit accounts (e) I, II, III and IV
(e) Current bill accounts and term deposit accounts Q151.

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When we talk of smart money what are we referring to? (d) RBI has Deputy Chairman Planning Commission on
(a) Foreign currency its board
(b) Internet banking (e) None of these
(c) Credit cards Q158.
(d) Treasury bills A bank normally does not have to deal with an issue
(e) None of the above related to
Q152. (a) payments and settlement systems
What do you understand by 'Para Banking' services? (b) contractual rights of creditors
(a) Eligible financial services rendered by banks (c) intellectual property rights
(b) Utility services provided by banks (d) cases of insolvency
(c) Services provided through business correspondents (e) coordination between regulators active in banking/
(d) Services provided to armed force personnel financial sectors
(e) None of these Q159.
Q153. National Federation of Sate Co-operative Banks
Financial inclusion is meant for? (a) provides a common forum to the member banks
(a) Less provilged persons (b) promotes and protects the interests of the member
(b) Senior citizens banks
(c) Micro finance institutions (c) co-ordinate and liaison with Government of India and
(d) All of the above RBI
(e) None of the above (d) provide research and consultancy inputs to the
Q154. member banks
Factors responsible for the widespread popularity of (e) All of the above
consumer finance in recent years: Providing access to Q160.
purchasing power to the middle class consumer has Which of the following is introduced by banks to
been the most significant achievement of this product increase financial inclusion?
class. A complainant not satisfied with the decision of the (a) Stimulus package
Banking Ombudsman, has the right to appeal to (b) Internet banking
the . (c) Business correspondent
(a) Governor SBP (d) Corporate banking
(b) AVP of the concerned bank (e) None of the above
(c) High Court Q161.
(d) Supreme Court Which of the following is a nostro account?
(e) None of these (a) Account of a foreign bank in India
Q155. (b) Account of an Indian bank within another bank
Which one of the following statements is true regarding overseas
IMF? (c) Account of a non-resident Indian
(a) It is not an agency of UNO (d) All of the above
(b) It can grant loan to any country of the world (e) None of the above
(c) It can grant loan to State Government of a country Q162.
(d) It grants loan only to member nations Basel I, which was issued in 1988, focuses on the
(e) All of the above (a) Capitaladequacyoffinancialinstitutions
Q156. (b) improvement of the banking sector‘s ability to deal
Which of the following organisations/ agencies has with financial and economic stress
established a fund known as Investor Protection Fund? (c) technology upgradation
(a) RBI (d) training of banking staff
(b) SIDBI (e) professionalism in banking
(c) Bombay Stock Exchange Q163.
(d) Ministry of Finance What is the name of the proposed airline of Tata-SIA
(e) Ministry of Commerce and Industry Airlines Limited (TSAL), a jointventure between Tata
Q157. Group and Singapore International Airlines (SI)
Which of the following statements is correct? (a) Vistara
(a) RBI is just like any ordinary commercial bank (b) Margaret
(b) RBI is responsible for the overall Monetary Policy (c) Tata-SIA
(c) The Fiscal Policy of India is approved by RBI (d) Legard
(e) None of these

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Q164. III. The decisions/judgements given by the Banking
Which of the following statements is/are correct in Ombudsman cannot be taken to any court of justice as
regard to ‗micro-finance‘? their decisions are last in case of bank related problems
(1) Micro-credit extended by banks to individual is disputes. Select the correct answer using the codes given
reckoned as a part of their priority sector lending. below
(2) RBI has prescribed a particular model for banks to (a) Only I
provide micro-finance. (b) Only II
(3) RBI has prescribed a particular model for banks to (c) Only III
provide macro-finance. Choose the correct answer using (d) All of these
the codes given below: (e) None of these
(a) 1 only Q170.
(b) 2 only The Head Office of the National Bank for Agriculture &
(c) Both 1 and 2 Rural Development (NABARD) is located in
(d) only 3 (a) New Delhi
(e) None of these (b) Hyderabad
Q165. (c) Mumbai
Who is Brand Endorsing Personality of Bank of Baroda? (d) Lucknow
(a) Juhi Chawla (e) None of these
(b) Kiran Bedi Q171.
(c) Amitabh Bachchan Which among the following is called as non performing
(d) Kapil Dev assets?
(e) None of these (a) Assets that can exchange income;
Q166. (b) Assets that eases to earn interest income
While discussing investments, there is mention of short- (c) assets that have not been commented upon by the
term government security. What is this type of auditors
investment known as? (d) all the above
(a) Debenture (e) none of the above
(b) Mutual fund Q172.
(c) Treasury bill In banking parlance, ‗Sub-prime‘ refers to
(d) Share (a) landing by banks at rates below PLR
(e) All of these (b) funds raised by banks at sub-libor rates
Q167. (c) group of banks which are not rated as prime banks as
Mutual funds are regulated by per bankers almanac
(a) Association of Mutual Funds of India (AMFI) (d) lendingdone by banks/FIs to customers not meeting
(b) Securities and Exchange Board of India (SEBI) with normally required credit appraisal standards
(c) Reserve Bank of India (e) None of the above
(d) IRDA Q173.
(e) None of the above Consider the following statements:
Q168. I. GDP is a better measure of National Income than GNP.
Which of the following rates is decided by the market II. GNP is always higher than GDP. Which of the
conditions and not by RBI? statements given above is/are correct?
(a) Bank rate (a) Only I
(b) SLR (b) Only II
(c) CRR (c) Both I and II
(d) Inflation rate (d) Neither I nor II
(e) None of these (e) Either I or II
Q169. Q174.
Many times, we hear about the ‗Banking Ombudsman‘. S.K. Jain, who was arrested by the CBI on charges of
What is/are the major roles of same? allegedly accepting a bribe of Rs. 50 lakh to enhance the
I. Banking Ombudsman is a quasi-judicial authority credit limit of some companies, was the Chairman and
having powers to summon, the banks and the customers Managing Director (CMD) of which publicsector bank?
both in case of dispute. (a) Syndicate Bank
II. The Banking Ombudsman are appointed by the (b) Indian Bank
President of India and are retired judges of the High or (c) Oriental Bank of Commerce
Supreme Courts. (d) UCO Bank

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(e) None of these (c) Where RRBs can afford the investment, they can
Q175. install lockers also
In India ‗Report on Currency and Finance‘ is the annual (d) Both A and B
publication of (e) All of the above
(a) SEBI Q181.
(b) RBI Prof. Muhammad Yunus, the receipient of the Nobel
(c) Finance Commission Peace Prize 2006 is the exponent of which of the
(d) Finance Ministry following concepts in the field of banking?
(e) None of these (a) Core Banking
Q176. (b) Micro Credit
Axis Bank is the changed name of (c) Retail Banking
(a) IDBI (d) Real Time Gross Settlement
(b) ICICI (e) Internet Banking
(c) UTI Q182.
(d) UTO In which of the following fund transfer mechanisms, can
(e) RBI funds be moved from one bank to another and where the
Q177. transaction is settled instantly without being bunched
Which of the following methods is being adopted by with any other transaction?
Banks for calculating and applying interest on Savings (a) RTGS
Bank accounts? (b) NEFT
(a) On monthly products based on minimum balance (c) TT
between 10th and last working day. (d) EFT
(b) Daily balance is counted and interest is paid (e) MT
accordingly Q183.
(c) On average quarterly balance. A loan granted for short-term crops will be treated as
(d) On average half yearly balance. NPA, if the instalment of principal or interest thereon or
(e) None of the above. both remain overdue for ..... crop season(s).
Q178. (a) one
RBI has recently deregulated the rates of interest to be (b) two
provided by various banks to their (c) three
depositors/customers with effect from 25th October, on (d) four
their accounts. (e) None of these
(a) Time deposit Q184.
(b) Saving bank The amount of which of the following reflects the overall
(c) Loan budgetary position of the Government of India at a given
(d) Fixed deposit time?
(e) Current (a) Revenue deficit
Q179. (b) Total amount of income tax collected
Which of the following banks has opened the country's (c) Capital deficit
first "Cash Factory" in Lucknow which will issue (d) Fiscal deficit
currency notes to all its branches and ATM in the area? (e) None of these
(Andhara Bank 2009) Q185.
(a) Bank of India Recently, an Expert Panel on Monetary Framework set
(b) Bank of Baroda up by the RBI recommended to strengthen and revise the
(c) State Bank of India current monetary policy framework. The Expert Panel
(d) Union Bank of India was headed by?
(e) None of these (a) Raghuram G Rajan
Q180. (b) Peter J. Montiel
Which of the following statements about Regional Rural (c) Rupa Nitsure
Banks (RRBs) are correct? (d) Urjit Patel
(a) Sponsor banks travellers cheques can be issued by (e) None of these
RRBs Q186.
(b) RRBs can enter into arrangements with the sponsor Fixed deposits and recurring deposits are
banks for providing remittance facilities to its customers (a) repayable after an agreed period.
(b) repayable on demand.

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(c) not repayable. Which of the following is/was NOT included in the
(d) repayable after death of depositors. agenda set for the Banking Reforms in India?
(e) repayable on demand or after an agreed period as (a) Dismantling of administered interest rates
per bank,s choice. (b) Measures to strengthen risk management
Q187. (c) Promulgation of SARFAESI Act
As per the reports in various newspapers many private (d) Promotion of the concept of easy credit to all with a
companies are trying to obtain the licences to launch a guaranteed subsidy from the Govt
banking company in India. Which of the following (e) Granting of operational autonomy to public sector
organisations/agencies issue the licence for the same? banks and allowing them to raise capital from the open
(a) Securities & Exchange Board of India (SEBI) market
(b) Indian Institute of Banking & Finance (IIBF) Q194.
(c) Reserve Bank of India (RBI) As per reports in the newspapers the Indian Rupee is
(d) Registrar of Companies appreciated these days. What does it really mean?
(e) None of these I. The value of the Rupee has gone up. It is now 110 paise
Q188. and not 100 paise.
Commercial bills market is a part of II. The exchange rate of Rupee has gone up.
(a) organised money market III. Now we can purchase more in one Rupee. Which was
(b) unorganised money market not possible earlier?
(c) stock market (a) Only I
(d) capital market (b) Only II
(e) None of the above (c) Only III
Q189. (d) Both I and II
The Reserve Bank of India began production of notes in (e) None of these
1938, issuing Rs. 2,51,01,000 notes. Rs. 500 note was re- Q195.
introduced again in Which of the following constitutes a significant portion
(a) 1987 of banks' lending portfolios?
(b) 2000 (a) Credit finance
(c) 2003 (b) Foreign Exchange
(d) 2006 (c) Consumer finance
(e) 2010 (d) Money laundering
Q190. (e) None of these
The issued/paid-up capital of a Regional Rural Bank Q196.
(RRB) should be Voting rights in the IMF are distributed on the basis of
(a) Rs. 60 lakh (a) one country, one vote
(b) minimum Rs. 25 lakh and maximum Rs. 100 lakh (b) proportion to the share of the income of the country
(c) Rs. 80 lakh in the world income
(d) Rs. 90 lakh (c) proportion to contributions given by each country
(e) None of the above (d) proportion to quota allotted to countries from time
Q191. to time
An anna was equal to (e) None of the above
(a) 4 paise Q197.
(b) 16 paise Reverse Repo is a tool used by RBI to
(c) 50 paise (a) Inject liquidity
(d) 100 paise (b) Absorb liquidity
(e) None of these (c) Increase the liquidity with banking system
Q192. (d) To keep the liquidity at one level
Which of following is necessary to transfer funds (e) None of these
through the RTGS facility? Q198.
(a) Beneficiary‘s bank account number The RBI is not expected to perform the function of
(b) The IFSC number of the beneficiary‘s bank branch (a) the banker to the government
(c) There is a minimum amount specified for transfer (b) accepting deposit from commercial banks
(d) All of the above (c) accepting deposit from commercial public
(e) None of the above (d) issue of currency
Q193. (e) None of these
Q199.

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Whenever some people wish to enter into the business (b) 5.7% of GDP
world, it is a must for them to approach a bank. What (c) 4.8% of GDP
services do banks provide them in this regard? (d) 4.5% of GDP
(1) Banks act as payment agents by operating current (e) None of these
accounts, paying cheques and receiving payments for Q205.
them. Consider the following statements in regard to ‗marginal
(2) Maintaining account books for them for their day-to- standing facility (MSF)‘ of RBI:
day activities so that they are not required to appoint (1) It will help in reducing volatility in the overnight
account/ finance personnel on a regular basis. lending rates in the interbank market.
(3) Lending money by way of overdraft, instalment loan, (2) The borrowing under the MSF should be over and
credit or advance for business activities above the statutory liquidity requirement.
(a) Only (1) (3) It will not help in reducing lending rates. Which of
(b) Only (2) the statements given above is/are correct?
(c) Only (3) (a) 1 only
(d) Only (1) & (3) (b) 2 only
(e) All of these (c) Both 1 and 2
Q200. (d) only 3
The RBI has prescribed that all SGBs should maintain (e) None of these
their SLRs in Q206.
(a) dated securities notified by RBI The branding line of Bank of Baroda is
(b) T-bills of Government of India (a) International Bank of India
(c) state development loans (b) India‘s International Bank
(d) All of the above (c) India‘s Multinational Bank
(e) None of the above (d) World‘s local Bank
Q201. (e) None of these
What is not a mechanisms that contributes to the Q207.
success of micro credits? The commercial banking system in India consists of
(a) Dynamic incentives (a) nationalised banks and private sector banks
(b) Peer monitoring (b) scheduled and non-scheduled banks
(c) Regular repayment schedules (c) regional rural banks, Co-operative banks land
(d) Collaterals development banks
(e) All of these (d) All of the above
Q202. (e) None of the above
Which of the following schemes is not meant for Q208.
investment purposes? Which of the following best describes the Securities and
(a) National savings certificates Exchange Board of India?
(b) Infrastructure bonds (a) SEBI is the regulator for the capital markets
(c) Mutual funds (b) SEBI protects the interest of investors
(d) Letter of credit (c) SEBI is for ethical practices
(e) None of these (d) All of the above
Q203. (e) None of the above
The formal beginning of the merchant banking services Q209.
in India began in 1967, when the Reserve Bank of India An average citizen cannot open a Savings account in
provident licence to the which of the following?
(a) State Bank of India (a) Commercial bank
(b) Oriental Bank of Commerce (b) Post office
(c) Grindlays Bank (c) Co-operative bank
(d) Federal Bank (d) RBI
(e) None of the above (e) None of the above
Q204. Q210.
The fiscal deficit target for year 2015 (2014- 15) has Banking Ombudsman Scheme is applicable to the
been retained at the level announced by former Finance business of
Minister P.Chidambaram in his interim budget. What is (a) all scheduled commercial banks excluding RRBs
this level? (b) all scheduled commercial banks including RRBs
(a) 4.1% of GDP (c) only public sector banks

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(d) all banking companies (c) help of solve balance of payment problems of
(e) all scheduled banks except private banks member countries
Q211. (d) arrange international deposits from banks
Which of the following is an easy way of providing credit (e) None of the above
to the farmer community? Q218.
(a) Kisan Credit Card Which of the following functions are not being
(b) Indira Vikas Patra performed by the Reserve Bank of India?
(c) National Saving Certificates (a) Regulation of banks in India
(d) Loan against gold (b) Regulation of foreign direct investment in India
(e) None of these (c) Foreign currency management in India
Q212. (d) Control and supervision of money supply
Which of the following does not pertain to non (e) Currency management in India
performance assets? Q219.
(a) Sub standard assets Coins which were minted in with the ‗Hand Picture‘ are
(b) doubtful assets available since (IOB 2010)
(c) loss assets (a) independence
(d) all the above (b) 1965
(e) standard assets (c) 2000
Q213. (d) 2005
Which of the following aspects are outlined by the loan (e) 2010
policy of a bank? Q220.
(a) Rating standards Reserve Bank has permitted RRBs for
(b) Lending procedures opening/maintaining non-residents (ordinary/external)
(c) Financial covenants accounts in rupees and for acceptance of FCNR
(d) All of the above (2) deposits subjects to the condition that
(e) None of the above (a) the bank should have a positive net worth and
Q214. earned net profit during the preceding year
Real national income growth refers to (b) the bank should not have defaulted in maintenance
(a) national income growth adjusted for inflation of CRR/SLRrequirements on more than three occasions
(b) national income growth adjusted for population during the preceding 2 years.
growth (c) net NPA level of the bank should not exceed 5% of
(c) national income growth adjusted for depreciation the outstanding advances as on 31st March of the
rate preceding year
(d) national income growth adjusted for saving growth (d) Both B and C
(e) national income growth adjust for saving (e) All of these
Q215. Q221.
The bank to launch 'video branch' is? RBI has released its guidelines for entry of new banks in
(a) HSBC the private sectorin the month of February 201
(b) ICICI 3. One of the norms is at least a prescribed percentage of
(c) IndusInd branches of new bank should be set in unbanked rural
(d) Yes Bank centres with a population of upto 9,999 people. What is
(e) None of these the percentage of such branches prescribed in the
Q216. norms?
Which one of the public sector bank has completed 100 (a) 10%
years of its establishment on 21st December, 2011? (b) 15%
(a) Central Bank of India (c) 18%
(b) State Bank of India (d) 25%
(c) Punjab National Bank (e) Other than those given as options
(d) Bank of Baroda Q222.
(e) Allahabad Bank A bank's 'fixed deposit' is also referred to as a
Q217. (a) term deposit
The main function of IMF is to (b) savings bank deposit
(a) give financial investment loans to devoloping (c) current deposit
countries (d) demand deposit
(b) act as a private sector lending arm of the World Bank (e) home savings deposit

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Q223. (c) twice a year
Which of the following is not considered one among the (d) annually
loans under Retail Banking? (e) All of these
(a) Car loan Q229.
(b) Housing loan Who decides on the quantity of coins to be minted?
(c) Personal loan (a) The Government of India
(d) Education loan (b) RBI
(e) Infrastructure loan (c) SBI
Q224. (d) All of the above
Which of the following is/are the components of the (e) None of the above
Fiscal Deficit? Q230.
I. Budgetary Deficit Money Laundering normally involves
II. Market Borrowing (a) placement of funds
III. Expenditure made from Pradhan Mantri Rahat Kosh (b) layering of funds
Select the correct answer using the codes given below: (c) integration of funds
(a) Only I (d) All
(b) Only II (e)None
(c) Only III Q231.
(d) All of these All Regional Rural Banks (RRBs) are required to
(e) None of these maintain their entire Statutory Liquidity Ratio (SLR) in
Q225. (a) government and other approved securities
Recently RBI issued new guidelines on loan (b) current accounts with sponsor banks
restructuring of Non-banking Financial Companies (c) time deposits with sponsor banks
(NBFCs). The guidelines were based on the (d) gold holdings only
recommendation of which Committee? (e) All of the above
(a) Nachiket Mor Committee Q232.
(b) Urijit Patel Committee In E-commerce what is meant by B2B?
(c) Bimal Jalan Committee (a) It means trade between business to business
(d) B. Mahapatra Committee (b) The deals between business to banks
(e) None of these (c) It suggests transactions between banks and
Q226. capitalists
Interest on savings bank account is now calculated by (d) All of the above
banks on (e) None of the above
(a) minimum balance during the month Q233.
(b) minimum balance from 7th to last day of the month Structure of Basel II is based on how many pillars?
(c) minimum balance from 10th to last day of the month (a) Two
(d) maximum balance during the month (b) Ten
(e) daily product basis (c) Four
Q227. (d) Five
As per the Reserve Bank of India (RBI), the economic (e) Three
conditions in India are not yet suitable for full Q234.
convertibility of Rupee. At present Rupee is convertible What is a fiscal deficit?
at which of the following accounts? (a) It is a gap between the values of exports and imports
(1) Fully at Capital Account (b) It is a gap between exports and imports minus
(2) Fully at Current Account external borrowings
(3) Partially at Trade Account (c) It is a gap between total expenditure and total
(a) Only (1) receipts of the government
(b) Only (2) (d) It is a gap between total receipts minus external
(c) Only (3) borrowings
(d) Only (1) & (3) (e) None of the above
(e) None of these Q235.
Q228. Consider the following statements:
Interest is usually paid on money market instruments 1. The Reserve Bank of India (RBI) has said the
(a) at maturity investment limit in the inflation indexed bonds for
(b) on request individuals has been doubled to Rs 10 lakh.

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2. Interest rates on the bonds are linked to Consumer What is Forex?
Price Index (CPI). Which of the statements given above (a) It is buying of foreign currency
is/are correct? (b) It is selling of foreign currency
(a) 1 only (c) It is buying of one currency and selling of another
(b) 1 and 2 currency
(c) 2 only (d) It is simultaneous buying of one currency and selling
(d) Either 1 or 2 of another currency
(e) None of these (e) None of the above
Q236. Q243.
The headquarters of IMF and World Bank are located at Banks in their daily business, face various kinds of risks.
(a) Geneva and Montreal Which of the following is one such major risk?
(b) Geneva and Vienna (a) Customer risk
(c) New York and Geneva (b) Reputation
(d) Washington DC (c) Goodwill risk
(e) Nigeria (d) Protection risk
Q237. (e) Operational risk
The European Union has adopted which of the following Q244.
as a common currency? In the Union Budget 2014-15, the govt. announced
(a) Dollar setting up of a commission to bring in reforms related to
(b) Dinar spending for achieving maximum output. What is the
(c) Yen name given to this commission?
(d) Peso (a) Expensable Management Committee
(e) Euro (b) Expenditure Management Commission
Q238. (c) Expedia Management Commission
RBI stipulates a healthy mix of CASA in the business (d) Expenditure Maximum Commision
figures of banks. What does it denote? (e) None of these
(a) Customer Analysis and Savings Pattern Q245.
(b) Cost Appreciation and Selling Analysis ‗Basel III‘ norms target at which of the following?
(c) Current Account and Savings Account (1) Improve the banking sector‘s ability to absorb shocks
(d) Credit and Savings Aggregate arising from financial and economic stress.
(e) None of the above (2) Improve risk management and governance.
Q239. (3) Strengthen banks‘ transparency. Choose the correct
Which of the following is NOT a function of a bank? answer using the codes given below:
(a) Providing project finance (a) 1 only
(b) Selling Mutual Funds (b) 1 and 2 only
(c) Deciding policy rates like CRR, Repo Rate/SLR etc (c) 1 and 3 only
(d) Settlement of payments of behalf of the customers (d) 1, 2 and 3
(e) All of these are functions of a bank (e) None of these
Q240. Q246.
Which of the following does not come under the Which of the following is/are the major concepts visible
category of development banks? in today‘s banking industry in India?
(a) Industrial Development Bank of India (a) Only (1)
(b) Small Industries Development Bank of India (b) Only (2)
(c) Industrial Investment Bank of India (c) Only (3)
(d) State Finance Corporation (d) Both (2) & (3)
(e) Export–Import Bank (e) All (1), (2) & (3)
Q241. Q247.
The index of financial inclusion has been launched for An institution which accepts deposits, makes business
the first time in 2008 by loans and offers related services is called
(a) CII (a) Saving bank
(b) FICCI (b) Commercial bank
(c) NCAER (c) Investment bank
(d) ICRIER (d) Development bank
(e) IIFI (e) Central bank
Q242. Q248.

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Which of the following policies is known as Annual An unsecured loan extended by one corporate to
Policy Statement? another is called
(a) Annual budget of Central Government (a) commercial papers
(b) Credit and monetary policy of RBI (b) treasury bill
(c) Foreign trade policy of DGFT (c) inter-corporate deposits
(d) Regulations issued by SEBI (d) certificates of deposits
(e) None of the above (e) All of the above
Q249. Q254.
As per the existing policy, the Cash Reserve Ratio (CRR) Which one of the following is the correct sequence of
of scheduled banks is fixed at a certain percentage of contribution to gross domestic product in India by the
their NDTL. What is full form of NDTL? various sectors of the economy in last 10 years?
(a) New Demand and Tenure Liabilities (a) Agriculture-Industry-Service
(b) Net Demand and Time Liabilities (b) Agriculture-Service-Industry
(c) National Deposits and Total Liquidity (c) Service-Agriculture-Industry
(d) Net Duration and Total Liquidity (d) Service-Industry-Agriculture
(e) New Deposits and Term Liquidity (e) None of the above
Q250. Q255.
Which of the following is not a part of the scheduled Consider the following Statements:
banking structure in India? (1) Arun Jaitley is a member of the Board of Governors of
(a) State co-operative banks the Asian Development Bank (ADB).
(b) Public sector banks (2) Asian Development Bank is based in Phillippines.
(c) Private sector banks Choose the correct statement/s using the following
(d) Regional rural banks codes:
(e) Moneylenders (a) 1 only
Q251. (b) 2 only
Which of the following is true about the ―Village Grain (c) Either 1 or 2
Bank Scheme‖? (d) Both 1 and 2
(1) The Scheme was launched to provide safeguards (e) None of these
against starvation during the period of natural calamities Q256.
or lean season. Which institution provides long run finance to
(2) The grain banks are set up in foodscarce areas like industries?
drought-prone areas, hot and cold desert areas, tribal (a) UTI
areas and inaccessible hilly areas. (b) LIC
(3) Village Panchayats, who were running village grain (c) GIC
banks earlier, are now not authorised to run the same. (d) IDBI
Instead, the authority is now given to NGOs and SHGs in (e) All of these
the village. Q257.
(a) Only (1) How many banks are there in public sector at present?
(b) Only (2) (a) 28
(c) Only (3) (b) 27
(d) Only (1) & (2) (c) 19
(e) All (1), (2) & (3) (d) 20
Q252. (e) None of these
Which among the following defines a non performing Q258.
asset? Which of the following is not a function of the Reserve
(a) In a loan account, the principal due has not been paid Bank of India?
for more than ninety days (a) Fiscal policy functions
(b) In a loan account, the interest due has not been paid (b) Exchange control functions
for more than ninety days (c) Insurance, exchange and destruction of currency
(c) Both A and B notes
(d) Assets that have not been commented upon by the (d) Monetary authority functions
bank auditors (e) Supervisory and control function
(e) None of the above Q259.
Q253.

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The Reserve Bank of India began production of notes in (b) Only II
1938, issuing Rs. 25101000 notes. Rs. 1000 note was re- (c) II and III
introduced again in (IBPS 2012) (d) Only 111
(a) 1987 (e) All of these
(b) 2000 Q265.
(c) 2003 In international banking system, what does the TIBOR
(d) 2006 stands for ?
(e) 2010 (a) Tokyo Interbank Offered Rate
Q260. (b) Taiwan Interbank Offered Rate
Out of total priority sector advances of RRBs, atleast ...... (c) Thailand Interbank Offered Rate
should be advanced to weaker sections. (d) Tongling Interbank Offered Rate
(a) 25% (e) None of these
(b) 50% Q266.
(c) 60% Banks in our country normally publicise that additional
(d) 75% interest rate is allowed on retail domestic term deposits
(e) 90% of
Q261. (a) Minors
Which of the following is/are the major reforms the (b) Married women
Govt has introduced in the banking sector? (c) Senior citizens
(1) Dismantling the complex system of interest rate (d) Govt employees
controls (e) Rural residents
(2) Eliminating prior approval of the RBI for large loans Q267.
(3) Introduction of capital adequancy norms and a few As per the news published in major newspapers, the
other prudential norms Reserve Bank of India (RBI) raised Statutory Liquidity
(a) Only (1) Ratio (SLR) by 100 basis points to 25%. What was/were
(b) Only (2) the reason(s) owing to which RBI raised the SLR?
(c) Only (3) (1) It will help in reducing liquidity in the market.
(d) All (1), (2) & (3) (2) Inflation will come down substantially.
(e) None of these (3) It will facilitate companies to launch their IPOs as the
Q262. financial climate will become conducive for the same.
A ‗Debit Card‘ is issued by a bank to (a) Only (1)
(a) all customers of a bank (b) Only (2)
(b) all customers having savings bank account with a (c) Only (1) & (2)
bank (d) Only (2) & (3)
(c) all customers having loan account with a bank (e) All (1), (2) & (3)
(d) a bank customer who is income tax assesee Q268.
(e) all corporate salary account holder Government securities with terms of more than 1 year
Q263. are called
When banks make advances to limited companies (a) government bonds
against their assets, the required forms are to be (b) treasury bills
presented to the Registrar companies within .............. (c) bills of exchange
from the date of execution. (d) capital bills
(a) 21 days (e) None of the above
(b) 30 days Q269.
(c) 1 month Under Bretton Woods System, as a member of IMF, India
(d) 2 months declared its par value of rupee in terms of
(e) None of these (a) British pound
Q264. (b) US dollar
Which of the following is/are the Non-tax Revenue (c) a basket of currency
components of the Union Budget of India? (d) gold
I. Customs Duties (e) None of the above
II. Interest Receipts Q270.
III. Dividends and Profits Select the correct answer using One of the major challenges banking industry is facing
the codes given below: these days is money laundering. Which of the following
(a) Only I

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acts/ norms are launched by the banks to prevent money Which one of the following institutions publish the
laundering in general? report of ‗World Economic Outlook‘?
(a) Know Your Customer Norms (a) IMF
(b) Banking Regulation Act (b) World Bank
(c) Negotiable Instrument Act (c) RBI
(d) Narcotics and Psychotropic Substance Act (d) UNCTAD
(e) None of these (e) Citi Bank
Q271. Q277.
How many types of primary agricultural credit societies SEBI is a/n
are there in our country? (a) Advisory body
(a) Large-size societies which include Rural Banks, (b) Statutory body
Agricultural Banks and credit unions (c) Constitutional body
(b) Service co-operative (d) Non-statutory body
(c) Other small size societies (e) Registered as a society
(d) All of the above Q278.
(e) None of the above Which of the following is/are functions of the RBI?
Q272. I. Acts as the currency authority.
What is the name given to the online payment services II. Controls money supply and credit.
that all internet banking customers can use? III. Manages foreign exchange. IV. Serves as a banker to
(a) E pay the government. Select the correct answer using the
(b) E-commerce codes given below:
(c) ECS (a) I and II
(d) All of these (b) II and III
(e) None of these (c) I, II and III
Q273. (d) All of these
Which of the following is not considered a money (e) None of these
market instrument? Q279.
(a) Treasury bills One of the major challenges banking industry is facing
(b) Repurchase Agreement these days is deliberate efforts of some people to bring
(c) Commercial Paper money earned through illegal activities in circulation.
(d) Certificate of Deposit Which of the following acts has been passed to prevent
(e) Shares and bonds this activity?
Q274. (a) Payment & Settlements Act
Consider the following statements in the context of (b) Banking Regulation Act
governance. (c) Negotiable Instruments Act
I. Encouraging foreign direct investment inflows (d) Narcotics and Psychotropic Substance Act
II. Privatisation of higher educational institutions (e) Prevention of Money Laundering Act
III. Down-sizing of bureaucracy Which of the above can Q280.
be used as measures to control the fiscal deficit in India? A Central Co-operative Bank is generally headquartered
(a) Only I at
(b) Only II (a) an important town of the district
(c) Only III (b) state capital
(d) All of the above (c) same place which is the headquarter of the district
(e) None of the above (d) the place where from the Central Government is run
Q275. (e) All of the above
The public sector banks are banks where a majority Q281.
state is held by the Government. Which of the following The lead bank scheme for public sector banks does not
banks is the second largest public sector bank among the cover
236 PSBs in India in terms of profit? (a) metropolitan cities
(a) Bank of India (b) all states and union territories
(b) Punjab National bank (c) backward distance
(c) bank of baroda (d) rural areas only
(d) Central Bank of India (e) None of these
(e) None of these Q282.
Q276. The term ‗Currency of India‘ refers to

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(a) one rupee notes and coins (c) Banks will increase rate of interest on deposits
(b) bank notes issued by Reserve Bank of India viz., Rs. (d) Industry houses may borrow money from foreign
2, Rs. 5, Rs. 10, Rs. 20, Rs. 50, Rs. 100 and for other countries
higher denominations (e) All of these
(c) one rupee notes and coins and bank notes issued by Q289.
Reserve Bank of India As per the new guidelines issued by SEBI, companies are
(d) one rupee notes only required to list shares within how many days of the
(e) None of the above closure of the Initial Public Offers (IPOs)?
Q283. (a) 60 days
All merchant banks must be worth atleast (b) 12 days
(a) Rs. 1 crore (c) 30 days
(b) Rs. 2 crore (d) 45 days
(c) Rs. 3 crore (e) None of these
(d) Rs. 4 crore Q290.
(e) Rs. 5 crore Which of the following statements is correct about
Q284. soiled/mutilated note?
The revival of the Kisan Vikas Patra (KVP) was (a) All banks are authorised to accept soiled notes across
announced in the Union Budget 2014-15 on 10 July 201 their counters and pay the exchange value
4. The KVP was discontinued from November 2011 on (b) Banks are expected to offer this service even to non-
the recommendation of which committee's customers
recommendations? (c) All public sector bank branches and
(a) Shyamlal Kunde Committee currencychestbranchesofprivate sector banks are
(b) Shyama Prasad Committee authorised to adjudicate and pay value in respect of
(c) Shyamala Gopinath Committee mutilated notes
(d) Gopinath Ghokle Committe (d) The RBI has also authorised all commercial bank
(e) None of these branches to treat certain notes in ‗two pieces‘ as soiled
Q285. notes and pay exchange value
Which of the following is not correctly matched? (e) All of the above
(a) Chitra Ramkrishna – National Stock Exchange Q291.
(b) Chanda Kochar – ICICI Bank Which of the following is/are the reasons owing to
(c) Naina Lal Kidwai – HSBC which about 105 million new people are added to the list
(d) Shikha Sharma – SBI of hungry people and the total number of the same has
(e) None of these reached about 1 billion?
Q286. (1) Unprecedented increase in food prices, particularly
Which of the following commissions setup by the in poor nations
President of India decides the distribution of tax incomes (2) Cut in the supply of foodgrains to poor nations by
between the Central and State Governments? many European countries
(a) Central Law Commission (3) Sudden increase in population of the countries like
(b) Pay Commission for Government Employees Uganda, Ethiopia, Sudan and Nabibia as many refugees
(c) Administrative Reforms Commission have taken shelter there.
(d) Planning Commission (a) Only (1)
(e) Finance Commission (b) Only (2)
Q287. (c) Only (3)
Money deposited with the bank becomes a debt due (d) All (1), (2) & (3)
(a) from the banker (e) None of these
(b) from the customer Q292.
(c) to the customer Which among the following committees had
(d) Either A and B recommended Income Recognition and assets
(e) None of these classification norms?
Q288. (a) Rangarajan committee
By increasing repo rate, the economy may observe the (b) Goiporia committee
following effects . (c) Narasimhan committee;
(a) Rate of interest on loans and advances will be (d) Jankiraman committee
costlier (e) none of the above
(b) Industrial output would be affected to an extent Q293.

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Since, acceptance of deposits and granting of loans are Q299.
the two general functions of a bank, the relationship Who decides on the value and volume of bank notes to
arising out of these two main activities is known as be printed and on what basis? (SBI 2011)
(a) principal and agent relationship (a) Finance Ministry
(b) financer and financee relationship (b) Planning Commission
(c) bailor and bailee relationship (c) RBI
(d) general relationship (d) Stock exchange
(e) specific relationship (e) None of these
Q294. Q300.
Which of the following is not included in the estimates The Regulatory Authority for Regional Rural Banks is
of National Income? (a) Sponsor Bank
(a) Sale of collector‘s items (b) Central Government
(b) Addition to inventory, but not sale of the company‘s (c) State Government
products (d) RBI and NABARD
(c) Market rent of self owned house (e) All of these
(d) Cost of government services Q301.
(e) None of the above Refinance facility is provided by NABARD. Which
Q295. institutions can avail this facility?
Consider the following statements: (a) State cooperative banks
(1) RBI has lowered Statutory Liquidity Rate (SLR) by (b) Regional rural banks
0.50% in its June review. (c) Commercial bank
(2) Reduction in SLR helps in increasing credit (d) All of the above
availability in the market Which of the above (e) None of the above
statement(s) is/are correct? Q302.
(a) 1 only Which of the following is the limitation of the ATMs
(b) 2 only owing to which people are required to visit branches of
(c) Either 1 or 2 the bank?
(d) Both 1 and 2 I. It does not accept deposits.
(e) None of these II. It has a limited cash disbursement capacity.
Q296. III. Lack of human interface. Select the correct answer
Open Added Money Market Scheme was firstly using the codes given below:
introduced by (a) Only I
(a) UTI (b) Only II
(b) IDBI (c) Only III
(c) ICICI (d) III, II and I
(d) LIC (e) None of these
(e) None of these Q303.
Q297. Which of the following is the correct definition of the
Which of the following organisations/ agencies has term commercial papers?
asked all the banks in India to form customer service I. It is nothing but the popular name of the judicial stamp
panels at branch levels? papers used to register financial transactions.
(a) Indian Banks' Association II. It is one of the instruments through which corporates
(b) Reserve Bank of India (RBI) raise debt from the market.
(c) Supreme Court of India III. It is the name of the ‗Certificate of Deposits‘ (CD)
(d) Securities & Exchange Board of India (SEBI) provided by the bank to its retail customers. Select the
(e) None of these correct answer using the codes given below:
Q298. (a) Only I
As we all know, banks in India are required to maintain (b) Only II
a portion of their demand and time liabilities with the (c) Only III
Reserve Bank of India. This portion is called (d) Both I and II
(a) statutory liquidity ratio (e) All of these
(b) cash reserve ratio Q304.
(c) bank deposit As we all know, Government of India pays special
(d) reverse repo emphasis on the management of Fiscal Deficit. What is
(e) government securities Fiscal Deficit?

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(a) The gap between projected of estimated GDP and (a) Capital Account Convertibility
actual GDP (b) Financial Deficit Management
(b) The gap between the total number and value of the (c) Minimum Support Price
currency notes issued by the RBI uptill now over the (d) Restrictive Trade practices
number and value of those which are in actual (e) None of the above
circulation Q309.
(c) The gap between the actual borrowings of the The merit of issuing notes with RBI can be seen is
Government of India and the expected expenditure for (a) uniformity
which provision is made in the budget (b) stability in currency
(d) Excess of government‘s disbursement comprising (c) control of credit
current and capital expenditures over its current (d) All of these
receipts (tax/non-tax receipts) (e) None of these
(e) None of the above Q310.
Q305. Which of the following schemes was launched a few
Which one of the following committees was set up by years back to provide wage employment to the rural
RBI to study the various issues relating to financial people in India (The programme is being run
benchmarks? successfully in addition to NREGA)?
(a) Umesh Chandra (a) Indira Awas Yojana
(b) Vijaya Bhaskar (b) Accelerated Rural Water Supply Programme
(c) Urjit Patel (c) Total Sanitation Campaign
(d) Subbu Rao (d) Sampoorna Grameen Rozgar Yojana
(e) None of these (e) Pradhan Mantri Gram Sadak Yojana
Q306. Q311.
Drawing, accepting, making or issuing of any promissory Which of the following could be considered as an
note, hundi or bill of exchange expressed to be payable initiative towards promotion of financial inclusion?
to bearer on demand by a person other than the Reserve (a) Opening of no frills accounts
Bank of India or the Central Government is prohibited (b) Appointing business correspondents for servicing
under rural customers
(a) Banking Regulation Act, 1949 (c) Opening of bank branches in unbanked districts
(b) Section 31 (1) of the Reserve Bank of India Act, 1934 (d) All of the above
(c) Negotiable Instruments Act, 1881 (e) None of the above
(d) Indian Contract Act, 1872 Q312.
(e) None of the above ‗Smart Money‘ is a term used for
Q307. (a) internet banking
The Reserve Bank of India has directed all the banks to (b) FDRs in banks
ensure that the names of their customers, individuals or (c) credit cards
corporates, do not appear in any list published by the (d) demand drafts of banks
Security Council Committee. This act/directive of the RBI (e) bank rate
is to ensure which of the following? Q313.
(a) To ensure that the bank loans/advances taken by the A Bank/Financial Organisation these days relies heavily
individuals/organizations are used only in those on e-commerce for its transaction. As a part of system
activities for which they are taken. security, it has introduced the organisation‘s security
(b) To ensure that money deposited in the bank has not awareness manual. This step of the organisation can be
come from unknown and unauthorized sources classified under, which one of the following categories of
(c) To ensure that no one visits a foreign nation for any measures for a business?
illegal activity by purchasing foreign currency from a (a) Preventive
bank (b) Compliance
(d) To ensure that Indians do not go to a nation where (c) Corrective
they are being targeted for racial discrimination (d) Detective
(e) None of these (e) None of these
Q308. Q314.
Which of the following policies of the financial sectors is When did World Trade Organisation come into force?
basically designed to transfer local financial assets into (a) 2nd January, 1948
foreign financial assets, freely and at market determined (b) 1st January, 1995
exchange rates? Policy of (c) 12th January, 1948

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(d) 15th January, 1946 Q320.
(e) 13th January, 1947 The weakest link in the co-operative credit system is
Q315. (a) non-availability of published data on their
Consider the following statements: functioning
1. RBI in consultation with Union Government on 1 April (b) the non-viability of a large number of primary
2014 capped the Ways and Means Advances (WM(a) agricultural credit societies
limits for the first half of the new financial year 2014-15 (c) presence of multiple structure and diverse nature of
(April 2014-Sep 2014) at 35000 crore rupees. various types of primary societies
2. The second half of the limit would be fixed in (d) Both A and B
September 201 (e) All
4. Q321.
3. This notification of Reserve Bank of India (RBI) is Financial inclusion is a programme of the government to
aimed at triggering fresh flotation of market loans when cover the maximum population with bank accounts.
the government utilises 75 percent of the WMA limit. What is the current coverage?
Consider the above statements and choose the correct (a) 25%
option. (b) 15%
(a) 1 only (c) 40%
(b) 1 and 2 only (d) 65%
(c) 1 and 3 only (e) 70%
(d) 1, 2 and 3 Q322.
(e) None of these Which of the following schemes has been launced
Q316. specifically for helping Senior Citizens to avail loan by
The capital of IMF is made up by contribution of the mortgage of their residential property?
(a) credit (a) English Mortgage Scheme
(b) deficit financing (b) Senior Capital Loan Scheme
(c) member nations (c) Reverse Mortgage Loan Scheme
(d) borrowing (d) DEMAT Account Scheme
(e) All of these (e) None of these
Q317. Q323.
Which of the following bodies promoted Securities The merchant banking activity in India is governed by
Trading Corporation of India Limited (STCI) jointly with (a) SEBI
the Public Sector Banks? (b) RBI
(a) Securities Exchange Board of India (c) IRDA
(b) ICICI Ltd (d) All of these
(c) IDBI Ltd (e) None of these
(d) Reserve Bank of India Q324.
(e) IRDA What GDP growth rate range for 2014- 15 was
Q318. estimated in the Economic Survey 2013-14, which was
Quantitative instrument of RBI can be tabled recently in the Lok Sabha?
(a) Bank Rate Policy (BRP) (a) 5.3 to 5.9%
(b) Cash Reserve Ratio (CRR) (b) 5.2 to 5.7%
(c) Statutory Liquidity Ratio (SLR) (c) 5.4 to 5.9%
(d) All of these (d) 5.1 to 5.9%
(e) None of these (e) None of these
Q319. Q325.
Banks need liquidity to meet which of the following Which of the following definitions are correct?
objectives of banking? (1) Basis points: increase in interest rates in percentage
(1) To meet deposit withdrawal terms.
(2) To fund loan demands (2) Repo rate: rate at which commercial banks borrow
(3) To maintain public confidence from the RBI by selling their securities or financial assets
(a) Only (1) to the RBI for a long-period of time.
(b) Only (2) (3) Reverse repo rate: rate of interest at which the
(c) Only (3) central bank borrows funds from other banks for a short
(d) Only (1) & (2) duration.
(e) None of these

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(4) Cash reserve ratio: minimum percentage of cash Which of the following is/are true about the Loan
deposits that banks must keep with itself to avoid Waiver Scheme for the farmers launched by the Govt of
liquidity issues. India recently?
(a) (1) & (2) (1) The Govt has taken over the debt of the farmers and
(b) (2), (3) & (4) has made reimbursement to the banks.
(c) (2) & (4) (2) The Govt has identified 237 lowproductivity districts
(d) (3) & (4) where farmers would be eligible for a minimum loan
(e) None of these relief of Rs. 20,000 even if their land holdings were
Q326. above two hectares.
Nationalization of banks aimed at all of the following (3) Andhra Pradesh has the highest number of
except _ . beneficiaries of the scheme.
(a) Provision of adequate credit for agriculture, SME and (a) Only (1)
exports (b) Only (2)
(b) Removal of control by a few capitalists (c) Only (3)
(c) Provision of credit to big industries only (d) All (1), (2) & (3)
(d) Access of banking to masses (e) None of these
(e) Encouragement of a new class of entrepreneurs Q332.
Q327. Many a time we read in newspaper about the benefits of
Savings account with zero balance can be opened for National Electronic Funds Transfer (NEFT), a dlivery
(a) persons of high net worth service launched by the bank. Why do banks advocate
(b) employees of IT companies for such delivery channels?
(c) weaker sections of society (1) It is a system in which no physical transfer takes
(d) women customers place, hence risk is very low.
(e) None of the above (2) In this system banks are not required to transfer any
Q328. money actually to the account of the customer. Only
Increased interest rates, as is existing in the economy at book adjustment is done. Hence actual fund is not
present will . needed.
(a) Lead to higher GDP growth (3) This facility is available to anybody at any place. Even
(b) Lead to lower GDP growth having a bank account is not at all necessary.
(c) Mean higher cost of raw materials (a) Only (1) is correct
(d) Mean lower cost of raw materials (b) Only (2) is correct
(e) Mean higher wage bill (c) Only (3) is correct
Q329. (d) Both (1) & (2) are correct
On which one of the following issues can SEBI penalise (e) All (1), (2) & (3) are correct
any company in India? Q333.
I. Violation of Banking Regulation Act. Which of the following lendings qualifies as a priority
II. Violation of foreign portfolio investment guidelines. sector loan?
III. For violation of Negotiable Instrument Act. Select the (a) Loan for purchase of gold for marriage of daughter
correct answer using the codes given below: (b) Loan for consumer durables
(a) Only I (c) Housing loan
(b) I, II, and III (d) Loan for purchase of tractor
(c) I and II (e) None of the above
(d) II and III Q334.
(e) All of these The term ‗Gross National Happiness‘ was coined by
Q330. (a) Amartya Sen
In case, a depositor wishes to withdraw his fixed (b) Bhutan‘s King
deposits prematurely, banks (c) Maqbool Haq
(a) do not allow the same till maturity of the deposits (d) European Union
(b) charge a penalty for the same (e) Economists of Sweden
(c) do not charge any penalty and allow the same Q335.
(d) All of the above Which of the following statements regarding New
(e) None of the above Development Bank to be established by BRICS nations
Q331. are correct?
(1) The headquarter of the bank will be in Shanghai

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(2) It will provide financial assistance to infrastructure What is the maximum denomination for which coins can
projects of BRICS nations only be produced in India? (IBPS 2011)
(3) The proposal for the bank was first made in 2012 (a)Rs. 1000
summit in New Delh (b) Rs. 10
i. Choose the correct code from the options given below: (c) Rs. 100
(a) 1 and 2 only (d) Rs. 50
(b) 1 and 3 only (e) Rs. 5
(c) 2 and 3 only Q340.
(d) 1, 2 and 3 The main resources of RRBs are
(e) None of these (a) share capital
Q336. (b) deposit from the public
The Export Import Bank of India was set-up in (c) borrowing from sponsor banks
(a) July, 1969 (d) refinance from NABARD
(b) April, 1970 (e) All of the above
(c) January, 1982 Q341.
(d) April, 1982 RBI has sold its entire stake except 1% in which of the
(e) None of the above following organisations?
Q337. (a) DICGC
As we all know Securities & Exchange Board of India (b) NABARD
(SEBI) has taken some corrective steps to restrict (c) SIDBI
functioning of Participatory Notes (P-Notes) in Indian (d) National Housing Bank
Stock Markets. Why are P-Notes considered dangerous (e) None of the above
for the financial markets of a country? Q342.
(1) This allows a foreign investor to invest funds without Real time gross settlement benefits
knowing the history/ financial health of a company. If (a) the customers
the company fails fforeign investors lose their money. (b) the banks
Govt of India does not want this as this will bring a bad (c) Reserve Bank of India
name to the country. (d) Both A and B
(2) P-Notes allow foreign investors to buy shares of blue (e) None
chip companies without following Konw Your Customer Q343.
(KYC) norms. Hence money invested here may not be Which of the following means of lending is considered as
from a valid and legal source. a priority sector loan?
(3) P-Notes are launched to arrange funds only for social (a) Loan for purchase of gold for marriage of daughter
schemes. Due to huge funds available with NRIs for (b) Car loan
investment they are sending it in bulk. Hence the cost of (c) Housing loan
such investments is very high and it is not commercially (d) Loan for purchase of tractor
viable for banks to accept such investments. (e) Education loan
(a) Only (1) is correct Q344.
(b) Only (2) is correct Which of the following organisations/ agencies is
(c) Only (3) is correct actively involved in drafting the Union Budget of India?
(d) Both (1) & (2) are correct (a) The Planning Commission
(e) None of these (b) The Comptroller and Auditor General
Q338. (c) Administrative Staff of the Lok Sabha
Reserve Bank of India is the lender of the last resort to (d) Ministry of Finance
scheduled commercial banks because (e) Ministry of Rural Development
(a) the parties can approach RBI when their limits are Q345.
exhausted Who among the following has been appointed new
(b) they are not able to get loans from other banks chairman of NABARD?
(c) RBI meets directly or indirectly all their reasonable (a) Harsh Kumar Bhanwala
demands for financial accommodation subject to certain (b) Chandra Shekar
terms and conditions which constitute its discount rate (c) Hemanth Banswal
policy. (d) Amith Mishra
(d) All of these (e) None of these
(e) None of these Q346.
Q339.

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A bank without any branch network that offers its (3) Cooperative Banks do not get any relief package from
services remotely through online banking, the Govt. Hence they have to manage their affairs on
telephone/mobile banking and interbank ATM network their own resources only.
alliances is known as (a) Only (2)
(a) Universal Banking (b) Only (1)
(b) Indirect Bank (c) Only (3)
(c) Door Step Bank (d) All (1), (2) & (3)
(d) A Direct Bank (e) None of these
(e) Unit Banking Q351.
Q347. Financial inclusion makes people to
As per the news published in various financial (a) access financial markets
newspapers, the RBI is reworking the roadmap on (b) access credit markets
Capital Account Convertibiliy. If this is done, who (c) learn financial matters
amongst the following would be able to invest in foreign (d) All of the above
projects or acquire assets outside India without any (e) None of the above
restrictions? Q352.
(1) Public Sector Banks RTGS stands for
(2) Companies which are registered in India (a) Real Time Gross Settlements
(3) Govt. of India (b) Reduced Time Gross Settlements
(4) Any Individual (c) Relative Time Gross Settlements
(a) Only (1) (d) Real Total Gross Securities
(b) Only (2) (e) None of the above
(c) Only (3) Q353.
(d) All (1), (2), (3) & (4) Structure of Basel II is based on how many pillars?
(e) None of these (a) Two
Q348. (b) Ten
On 1st March, 1992, Reserve Bank of India announced a (c) Four
new system of exchange rates known as (d) Five
(a) partial convertibility (e) Three
(b) liberalised exchange rate system Q354.
(c) Either A or B Which of the following schemes available in the financial
(d)Both A and B markets is not meant for investment purposes?
(e)Neither A nor B (a) National savings certificates
Q349. (b) Infrastructure bonds
The association of the rupee with pound sterling as the (c) Mutual funds
intervention currency was broken in (d)(c) Letter of credit
(a) 1990 (e) all of these
(b) 1991 Q355.
(c) 1992 CSO in its advanced estimates for the year 2013-14
(d) 1993 projected the GDP growth rate at constant prices to be
(e) None of these (a) 4.6%
Q350. (b) 4.8%
As we all know, the cooperative banks in India are (c) 4.9%
passing through a difficult phase and their performance (d) 5.1%
is NOT as glamorous as that of the commercial banks (e) None of these
today. What went wrong with cooperative banks? Q356.
(1) The cooperative banks disbursed credit on the loans Special drawing right is an international practice of
on demand mostly without proper guarantees and drawing funds. Which of the following institutions
documents. Hence repayments were always at the mercy control this special finding facility?
of the borrowers and up to some extent on good crops. (a) World Bank
(2) The cooperative banks are mostly under the (b) Asian Development Bank
supervisory control of the Panchayats, which are not (c) Federal Reserve
professionally qualified to control such institutions. (d) European Common Market
(e) All of the above
Q357.

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Consider the following. (b) Banking
(1) Deposit rates (c) Micro Finance
(2) Base Rate (d) Pension funds
(3) Prime Lending Rate Which of the above are decided (e) None of the above
by the Reserve Bank of India? Q364.
(a) Only (1) In Union Budget 2014 -15, in Defence sector FDI cap
(b) Only (1) raised to from 26% at present?
(c) Only (3) (a) 51%
(d) Both (2) and (3) (b) 74%
(e) None of these (c) 100%
Q358. (d) 49%
Which of the following acts govern the RBI functions? (e) None of these
(a) RBI Act, 1934 Q365.
(b) Banking Regulation Act, 1949 During which plan was the National Bank for Agriculture
(c) Companies Act, 1956 and Rural Development (NABAR(d) established to
(d) Foreign Exchange Regulation Act, 1973 facilitate the rural credit and agricultural development?
(e) Foreign Exchange Management Act, 1999 (a) Third Five Year Plan
Q359. (b) Fifth Five Year Plan
Which of the following terms is NOT used in the Banking (c) Sixth Five Year Plan
world? (d) Eighth Five Year Plan
(a) Holding Company (e) None of these
(b) Postdated cheque Q366.
(c) Credit In India, the first bank of limited liabilities managed by
(d) Time deposit Indians and founded in 1881 was
(e) Centripetal force (a) Hindustan Commercial Bank
Q360. (b) Oudh Commercial Bank
The central co-operative banks are in direct touch with (c) Punjab National Bank
(a) farmers (d) Punjab and Sind Bank
(b) state co-operative banks (e) National Bank
(c) land development banks Q367.
(d) central government Who amongst the following cannot open an account in
(e) None of these any bank in India?
Q361. (a) One who is not earning regularly
Till what amount are deposits of public in NBFCs (b) A housewife
insured? (c) A student of 10th standard
(a)Rs. 1 lakh (d) A farmer who owns a small piece of land
(b)Rs. 50000 (e) An individual who is well to do and his source of
(c) Not insured income in not known
(d) None of these Q368.
(e) All of these The European Union has adopted which of the following
Q362. as a common currency?
Banks these days have launched a new scheme product (a) Dollar
known as "Reverse Mortgage". The scheme is designed (b) Dinar
keeping which of the following groups of society in (c) Yen
consideration? (d) Euro
(a) Youngsters who have just started earning (e) Peso Reserve Bank of India—Structure and
(b) Defence personnel whose life is always at high risk Functions 55
(c) Senior citizens Q369.
(d) Women who do not have independent source of Assume that Reserve Bank of India reduces the bank rate
income by 1%, what will be its impact?
(e) None of these (a) Less liquidity in the market
Q363. (b) More liquidity in the market
Basel norms are important international regulatory (c) No change in the liquidity in the market
stipulations. It is meant for which sector? (d) Mobilisation of more deposits by commercial banks
(a) Insurance (e) None of the above

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Q370. (a) refinance facilities
For filing and resolving customer complaints, the (b) consultancy and technology services
Banking Ombudsman (c) services of finding foreign markets for exporters
(a) charges a fee of Rs. 500 (d) All of the above
(b) does not charge any fee (e) None of the above
(c) charges a fee of Rs. 1500 Q377.
(d) charges a fee of Rs. 1000 The Reserve Bank of India issues coins and notes of
(e) None of the above various denominations. At present RBI does not issue
Q371. coins of which of the following denominations?
The National Rural Employment Guarantee Act is now (a) 10 paise
known by which of the following names? (b) 20 paise
(a) Indira Gandhi Rural Employment Guarantee Act (c) 25 paise
(b) Rajiv Gandhi Rural Employment Guarantee Act (d) 50 paise
(c) Jawaharlal Nehru Rural Employment Guarantee Act (e) 1.00 Rupee
(d) Mahatma Gandhi Rural Employment Guarantee Act Q378.
(e) None of these Banks without the prior approval of the RBI, can not
Q372. (a) one a new place of business in India of abroad
Many times we see banks advertise -" anywhere (b) shift other wise that within the same centers
Banking: Anytime Banking". Which of the following (city/town/village) of the existing place of business
product/facilities launched by banks make it possible for (c) shift their sole rural branch outside the
the customers to avail banking services 24 hours all centre/village is not permitted, as such shifting would
seven days? render the centre unbanded
(1) ATM (d) All of the above
(2) Internet Banking (e) None of the above
(3) Universal cheque book facility Q379.
(a) Only (1) When did RBI demonetise 25 paise coins in the country?
(b) Only (2) (Vijaya Bank 2008)
(c) Both (1) & (2) (a) 2010
(d) Only (3) (b) 2008
(e) All (1), (2) & (3) (c) 2011
Q373. (d) 2009
Which one of the following does not qualify as priority (e) 2005
sector lending by commercial banks? Q380.
(a) Software exports The common feature of all the agricultural credit
(b) Small business loans societies in the country is that
(c) Education loans (a) the persons living in cities and town are their
(d) Small industries loan members
(e) None of the above (b) the agriculturists are their members
Q374. (c) only small and marginal farmers are their members
The largest share of Gross Domestic Product (GDP), in (d) only the farmers having land holding of 8 acre and
India comes from above are their members
(a) agriculture and allied sector (e) All of the above
(b) manufacturing and construction Q381.
(c) service sector What are the cooperative banks at the village level
(d) defence and public administration known as?
(e) defence and allied sector (a) Central Cooperative Banks
Q375. (b) Primary Agricultural Cooperative Societies
sbiINTOUCH launched by State Bank of India relates to (c) Village Cooperative Banks
(a) ATM services (d) State Cooperative Banks
(b) digital branches (e) None of the above
(c) infrastructure loans Q382.
(d) home loans Which of the following banks has opened the country‘s
(e) None of these first, ‗Cash Factory‘ in Lucknow which will issue
Q376. currency notes to all its branches and ATM in that area?
Exim Bank also provides (a) Bank of India

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(b) Bank of Baroda (a) security on movable property for a loan given by a
(c) State Bank of India bank.
(d) Union Bank of India (b) security on immovable property for a loan given by a
(e) None of these bank.
Q383. (c) concession on immovable property for a loan given
Which of the following does not qualify as priority by a bank.
sector lending? (d) facility on immovable property for a loan given by a
(a) Agricultural lending bank.
(b) Education loans (e) security on immovable property for a deposit
(c) Auto loans received by a bank.
(d) Loans to small scale sector Q390.
(e) Housing loan The working group set up by the RBI has suggested the
Q384. launch of an Emergency Fund Facility Scheme for banks.
Which of the following is the target fixed for maintaining This scheme will help which of the following types of
fiscal deficit in the Union Budget of India? banks?
(a) 4.6% of total budget (a) Public Sector Banks
(b) 4.6% of GDP (b) Small Banks
(c) 3.6% of total budget (c) Urban Cooperative Banks
(d) 3.6% of GDP (d) Private Banks
(e) None of these (e) Foreign Banks
Q385. Q391.
Which of the following foreign banks has been granted The most prominent national level micro finance apex
license to start its banking operation in India, recently? organisation providing micro credit services for women
(a) Doha Bank in India is
(b) Bank of Japan (a) National Credit Fund for women
(c) Barclays Bank (b) Mahila Samridhi Kosh
(d) Kookmin Bank (c) Rural Women Self Help Group
(e) None of these (d) All of these
Q386. (e) None of these
Which of the following is an investment advisory Q392.
discipline? As per the reports in the major financial newspapers,
(a) Corporate Industrial Finance India has urged China to redress imbalance in trade.
(b) Offshare Banking What does it really mean? It means
(c) Wholesale Banking (a) India exports more items to China whereas China
(d) Wealth Management does not export much to India.
(e) Trade Finance (b) India is not able to export much to China whereas its
Q387. import from China is of higher value.
As decided by the Reserve Bank of India, all the villages (c) China and India are not at all trade partners. Hence
with a population of 2000 will have access to financial there is no transaction between the two countries.
services by the end of (d) As per WTO laws, India is supposed to export food -
(a) 2009-10 grains to China. But China has not placed any order for
(b) 2010-11 the same in 2006-07. It has also refused to accept 200
(c) 2011-12 lakh tonnes of wheat exported to it by India.
(d) 2012-13 (e) None of these
(e) None of these Q393.
Q388. Which of the following organization is made specifically
The number of regional offices of RBI is responsible for empowering Micro, Small and Medium
(a) 20 enterprises in India?
(b) 21 (a) NABARD
(c) 22 (b) RBI
(d) 23 (c) SIDBI
(e) None of these (d) E C G C
Q389. (e) SEBI
Mortgage is a Q394.
Credit cards are known as

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(a) hard money Q401.
(b) easy money Which one of the following will set up core banking
(c) soft money infrastructure for rural banks?
(d) plastic money (a) RBI
(e) real money (b) NABARD
Q395. (c) SIDBI
At current prices, the GDP growth rate for the year 2013- (d) IBA
14, as projected by CSO stands at (e) None of these
(a) II.9% Q402.
(b) 12.3% When more than one bank is allowing credit facilities to
(c) 13.3% one party in coordination with each other under a formal
(d) 14.5% arrangement, the arrangement is generally known as
(e) None of these (a) Participation
Q396. (b) Consortium
Nationalised banks have been permitted to offer their (c) Syndication
equity shares to the public to the extent of 49% of their (d) Multiple banking
capital as per amendments made in 1994, in (e) None of these
(a) Banking Regulation Act, 1949 Q403.
(b) Banking Companies (Acquisition and Transfer of Mutual funds fall within supervisory purview of
Undertakings) Acts 1970/1980 (a) SBI
(c) RBI Act, 1935 (b) RBI
(d) Nationalisation of Banks Act, 1980 (c) SEBI
(e) None of the above (d) IRDA
Q397. (e) None of the above
Mutual funds are regulated by Q404.
(a) Association of Mutual Funds of India (AMFI) In Union Budget 2014 -15, Exemption limits on income
(b) Securities and Exchange Board of India (SEBI) tax raised from .
(c) Reserve Bank of India (a)Rs. 2 lakh to Rs. 2.5 lakh
(d) IRDA (b)Rs. 2 lakh to Rs. 3 lakh
(e) None of these (c)Rs. 3 lakh to Rs. 3.5 lakh
Q398. (d)Rs. 2 lakh to Rs. 3.5 lakh
Banks borrow money from the RBI on which of the (e)Rs. 3 lakh to Rs. 4.5 lakh
following rates? Q405.
(a) Reverse repo rate In India, which of the following have the highest share in
(b) Repo rate the disbursement of credit to agriculture and allied
(c) SLR activities?
(d) CRR (a) Commercial Banks
(e) Savings rate (b) Co-operative Banks
Q399. (c) Regional Rural Banks
KYC guidelines followed by the banks have been framed (d) Microfinance Institutions
on the recommendations of the (e) None of these
(a) Ministry of Home Affairs Q406.
(b) Ministry of Rural Development How many banks were first nationalised?
(c) Indian Banks Association (a) 10
(d) Financial Intelligence Unit (b) 12
(e) Reserve Bank of India (c) 14
Q400. (d) 16
Which of the following organisations/ banks has done a (e) 24
commendable work in the field of micro-finance and was Q407.
awarded Nobel Prize also in the past? In case a depositor is a sole proprietor and holds
(a) Gramin Bank of Bangladesh deposits in the name of the proprietory concern as well
(b) CRY as in the individual capacity, the maximum insurance
(c) ASHA cover is available up to
(d) NABARD (a)Rs. 100000
(e) None of these (b)Rs. 200000

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(c)Rs. 500000 Bancassurance is
(d) All of these (a) an insurance scheme to insure bank deposits
(e) None of these (b) an insurance scheme exclusively for the employees
Q408. of banks
The Holidays for the Banks are declared as per . (c) a composite financial service offering both banking
(a) Reserve Bank Act and insurance products
(b) Banking Regulation Act (d) a bank deposit scheme exclusively for employees for
(c) Negotiable Instruments Act insurance companies
(d) Securities and Exchange Board of India Act (e) None of the above
(e) Companies Act Q414.
Q409. GDP at factor cost is
Which of the following agencies/ organisations has (a) GDP minus indirect taxes plus subsidies
decided to make major changes for ULIPs? (b) GNP minus depreciation allowance
(a) IRDA (c) NNP plus depreciation allowance
(b) RBI (d) GDP minus subsidies plus indirect taxes
(c) AMFI (e) None of the above
(d) FRBI Q415.
(e) None of these Name the place where Canara Bank launched its seventh
Q410. overseas branch in June 2014
Which of the following is/are the rights of customer (a) London
towards his banker? (b) New York
(a) To receive a statement of his account from a banker (c) Leicester
(b) To sue the bank for any lose and damages (d) Shanghai
(c) To sue the banker for not maintaining the secrecy of (e) Canada
his account Q416.
(d) All of these Exim Bank concentrates on
(e) None of these (a) medium-term financing
Q411. (b) short-term financing
Which of the following is/are true about the National (c) short and medium-term financing
Rural Employment Guarantee Act? (d) short and long-term financing
(1) The Act is now known as Indira Gandhi National (e) None of the above
Rural Employment Guarantee Act. Q417.
(2) The Act is now applicable to all the districts of the As we read every now and then, the Monetary and
country. Credit Policy is reviewed and changes/corrections are
(3) Minimum wage fixed under this Act is now Rs. 250 made frequently.Who amongst the following exactly
per day. takes this decision in India?
(a) Only (1) (a) Deputy Chairman, Planning Commission
(b) Only (2) (b) Prime Minister
(c) Only (3) (c) Finance Minster
(d) All (1), (2) & (3) (d) Chairman, Finance Commission
(e) None of ‗these (e) None of these
Q412. Q418.
As reported in some newspapers/ magazines, some The interest rate at which the RBI lends to commercial
banks have decided to install Biometric ATMs so that banks in the short term to maintain liquidity is known as
fraudulent withdrawals can be prevented. Biometric (a) interest rate
ATMs will be able to do so as it also checks 1) signatures (b) repo rate
of the card holders. (c) reverse repo rate
(2) fingerprints of the card holders. (d) bank rate
(3) skin colour of the card holders. (e) None of the above
(a) Only (1) Q419.
(b) Only (2) Rupee coins are the legal tender in India under the
(c) Only (3) provisions of
(d) Both (2) & (3) (a) Reserve Bank of India Act, 1934
(e) All (1), (2) & (3) (b) Negotiable Instruments Act, 1881
Q413. (c) Banking Regulation Act, 1949

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(d) Indian Coinage Act, 1906 (a) Dutch, USA, Japan
(e) None of the above (b) Japan, USA, China
Q420. (c) Dutch, UK, South Korea
RRBs were set-up on (d) Dutch, USA, China
(a) 1975 (e) None of these
(b) 1985 Q426.
(c) 1991 Consider the following statements:
(d) 2001 1. In Indian Commercial Banking System, the number of
(e) 1965 the Non-scheduled Bank is more than the Scheduled
Q421. Banks.
The financial assistance of loans of Rs. 10000 by a bank 2. The Non-scheduled Banks in Indian Commercial
to very a small borrower will be called Banking Systems are even less than a dozen in number.
(a) Business finance Which of the statements given above is/are correct?
(b) Government finance (a) Only 1
(c) Micro finance (b) Only 2
(d) Small finance (c) Both 1 and 2
(e) KYC finance (d) Neither 1 nor 2
Q422. (e) Can‘t say
As we all know, more and more countries/ Q427.
organisations are now going for noncash transactions As reported in various newspapers, the Reserve Bank of
and accordingly banks have launched many new India is planning to allow more and more banks to
products in the market for the same. Which of the function as ―Local Area Banks‖. This will help RBI in the
following products is a non-cash transaction product? implementation of which of the following of its
(a) Only ATM Card plans/drives?
(b) Only Credit Card (a) Only (1)
(c) Only Prepaid Card (b) Only (2)
(d) Only Debit Card (c) Only (3)
(e) All are non-cash transaction products PRACTICE (d) Only (1) & (2)
EXERCISE (e) None of these
Q423. Q428.
Which of the following would be treated as an The RBI has adopted ....... model, in which mobile
unsecured loan? banking is promoted through business correspondents
(a) Agricultural loan of banks.
(b) Personal loan (a) Bank Led
(c) Educational loan (b) Bank Mobile
(d) Vehicle loan (c)(d) Mobile
(e) Housing loan (d) All of these
Q424. (e) None of these
Which of the following is/are different categories of Q429.
inflation? With reference to a cheque which of the following is the
I. Open and suppressed ―drawee bank‖?
II. Cost push (a) The bank that collects the cheque
III. Deman pull Select the correct answer using the codes (b) The payee's bank
given below: (c) The endorsee's bank
(a) Only I (d) The endorser's bank
(b) I and II (e) The bank upon which the cheque is drawn
(c) II and III Q430.
(d) All of these As per the reports published in various journals and
(e) None of these newspapers, the ―small borrowers‖ in rural areas still
Q425. prefer to take informal route for their credit needs.
Consider the following banks: Which of the following is the ―informal route‖ of credit in
1. ABN Amro Bank the financial sector?
2. Barclays Bank (a) Credit cards
3. Kookmin Bank Which of the following correctly (b) Loan against gold from financial institute
represents their countries of origin? (c) Debit cards

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(d) Money lender (b) Deciding Bank Rate, CRR and SLR from time to time
(e) None of these (c) Opening Savings Accounts for general public
Q431. (d) Prescribing the Capital Adequacy Ratio
What is not an innovation likely to explain the high (e) Currency Management
repayment rates of Micro Credit Programmes? Q438.
(a) Promising larger and larger loans for borrowers in The first Governor of the Reserve Bank of India from 1st
good standing April, 1935 to 30th June, 1937 was
(b) Public repayments (a) Sir Osborne Smith
(c) Strong competition between numerous Micro Credit (b) Sir James Taylor
Programmes to reduce interest rates (c) CD Deshmukh
(d) Starting repayments before investments are likely to (d) Sir Benegal Rama Rao
have borne fruit (e) KG Ambegaonkar
(e) None of the above Q439.
Q432. Which of the following is the popular name of the norms
Currency Swap is an instrument to manage by which a bank satisfies itself about the customer‘s
(a) currency risk identity and activities?
(b) interest rate risk (a) Basel norms
(c) currency and interest rate risk (b) KYC norms
(d) cash flows in different currencies (c) Service norms
(e) All of the above (d) Lending norms
Q433. (e) None of these
Board for Financial Supervision (BFS) constituted in Q440.
1994 by RBI to undertake consolidated supervision of Many a time we read in newspapers about ‗Financial
(a) commercial banks Inclusion‘. What does it really mean?
(b) financial institutions (1) Allow the merger and acquisition of banks so that
(c) non-banking finance companies only few big banks exist and continue to cater to the
(d) None of the above need of corporate sector.
(e) All of the above (2) Expanding the network of banks in such a way that
Q434. people from lower strata of society also get the benefit of
Financial inclusion is being emphasised by RBI for services provided by banks.
(a) providing basic banking services to the unbanked (3) Providing insurance cover to each and every citizen
areas so that he/she can live a healthy and long life.
(b) providing loans to the unbanked population (a) Only (1)
(c) opening accounts for the poor (b) Only (2)
(d) bringing branches of all banks under one authority (c) Only (3)
(e) None of these (d) Both (1) & (2)
Q435. (e) All (1), (2) & (3)
As per the status on January 28, 2014 the Marginal Q441.
Standing Facility (MSF) stands at- On July 12, 1982, the ARDC was merged into
(a) 8.5% (a) RBI
(b) 8.75% (b) NABARD
(c) 9.0% (c) EXIM Bank
(d) 9.25% (d) HDFC Bank
(e) None of these (e) None of these
Q436. Q442.
How many banks are presently associates of State Bank Which of the following correctly describes what sub-
of India? prime lending is?
(a) 8 (1) Lending to the people who cannot return the loans.
(b) 7 (2) Lending to the people who are highvalue customers
(c) 6 of the banks.
(d) 5 (3) Lending to those who are not a regular customer of a
(e) 4 bank.
Q437. (a) Only (1)
Which of the following is not a function of the RBI? (b) Only (2)
(a) Maintaining Forex (c) Only (3)

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(d) All (1), (2) & (3) Q449.
(e) None of these Which of the following is/are objective(s) of our
Q443. Monetary Policy?
What are major functions undertaken by merchant I. To anchor inflation expectations.
bankers? II. To actively manage liquidity.
(a) Issue management II. To maintain interest rate regime consistent with price
(b) Capital structuring/ restructuring output and financial stability. Select the correct answer
(c) Market maker in capital market using the codes given below
(d) All of the above (a) Only I
(e) None of the above (b) Only II
Q444. (c) I and III
In Union Budget 2014-15, the exemption on income for (d) All of the above
senior citizens has been raised to . (e) None of the above
(a) Rs. 2 lakh per annum Q450.
(b) v 2.5 lakh per annum Which one is true in respect of bank marketing?
(c)Rs. 3 lakh per annum (a) Bank marketing deal with providing services to
(d)Rs. 3.5 lakh per annum satisfy customer‘s financial needs and wants.
(e)Rs. 4 lakh per annum (b) Bank marketing has to discover/
Q445. ascertain/anticipate the financial needs of the
Choose the correct statements in the context of corporates.
Cooperative Banks in India. (c) Bank marketing may be required to satisfy the
1. Cooperative Banks operate on no profit no loss basis. corporates and institutions, other related needs and
2. Cooperative Banks are allowed to operate only in the wants.
agriculture sector. (d) Bank marketing means competitive element,
3. NABARD is a Cooperative Bank. efficiency and effectiveness in the process.
(a) 1 only (e) None of the above
(b) 1 and 2 Q451.
(c) 1 and 3 The Workers under the National Rural Employment
(d) Either 1 or 2 Guarantee Act are encouraged to take their wages
(e) None of these through bank and post office accounts. This step of the
Q446. Govt. is to obtain which of the following goal(s)?
When was the second phase of nationalisation done? (1) Promote Banks business.
(a) 9th July, 1969 (2) To minimise corrupt practices.
(b) 10th July, 1968 (3) To encourage more and more people to join NREGA.
(c) 16th August, 1985 (a) Only (1)
(d) 15th April, 1980 (b) Only (2) & (3)
(e) None of the above (c) Only (2)
Q447. (d) All (1), (2) & (3)
In case of FCNR (2) Scheme, the period for fixed deposits (e) Only (2) & (1)
is Q452.
(a) as applicable to resident accounts Which of the following is known as Plastic money?
(b) for terms not less than 1 year and not more than 5 (1) Demand Draft
years (2) Credit Card
(c) for terms not less than 2 years and not more than 6 (3) Debit Card
years (a) Only (1)
(d) at the discretion of the bank (b) Only (2)
(e) None of the above (c) Only (3)
Q448. (d) Both (2) & (3)
Interest on Savings deposit nowadays is . (e) All (1), (2) & (3)
(a) Fixed by RBI Q453.
(b) Fixed by the respective Banks Which of the following schemes is launched specifically
(c) Fixed by the Depositors for helping senior citizens to avail loan by mortgage of
(d) Fixed as per the contract between Bank and the their residential property?
Consumer Court (a) English Mortgage Scheme
(e) Not paid by the Bank (b) Senior Capital Loan Scheme

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(c) Reverse Mortgage Loan Scheme (b) 26th January, 1950
(d) Senior Citizen Personal Loan Scheme (c) 1st April, 1957
(e) None of the above (d) All of the above
Q454. (e) None of the above
Gross Domestic Product (GDP) is defined as the value of Q460.
all On the recommendations of which of the following
(a) goods produced in an economy in a year committees Regional Rural Banks (RRB) were
(b) goods and services in an economy in a year established?
(c) final goods produced in economy in a year (a) Tarpore Committee
(d) final goods and services produced in an economy in a (b) Narasimham Committee
year (c) Karmakar Committee
(e) None of the above (d) Kelker Committee
Q455. (e) Jha Committee
Global Economic Prospects (GEP) report revised down Q461.
the economic growth forecast for developing world in The Narasimham Committee-I was set-up to suggest
2014 from some recommendations for improvement in the
5.3 percent to (a) efficiency and productivity of the financial institution
(a) 4.5 percent (b) banking reform process
(b) 4.8 percent (c) export of IT sector
(c) 5 percent (d) fiscal reform process
(d) 4.4 percent (e) None of the above
(e) 4.9 percent Q462.
Q456. As we have noticed, banks these days are giving more
Exim Bank extends facility of emphasis on ‗Branchless Banking‘. What does this really
(a) rediscounting of foreign bills of commercial banks mean?
(b) advisory services to the exporters I. Banks will not have many branches as used to be in the
(c) research and market surveys good old days. Instead, the number of branches will be
(d) All of the above restricted and will conduct only a specified‖ core
(e) None of the above business.
Q457. II. Banks will launch/operate many delivery channels
We often see the names of two personalities in like ATMs, Mobile Banking/Internet Banking, etc, so that
newspapers/magazines/electronic media. These names people are not required to visit a branch for their usual
are Dr. C Rangarajan and Dr Bimal Jalan. In their lives, banking needs.
one thing in common. That is III. This means banks will issue only debit or credit cards
(a) Both are the chief economic advisors to Prime for all types of day-today financial transactions. Cheques/
Minister of India. cash payments will not be allowed. Select the correct
(b) Both are Members of Parliament. answer using the codes given below:
(c) Both are former Governors of RBI. (a) Only I
(d) Both were Finance Ministers of India. (b) Only II
(e) There is nothing common in both. (c) I and II
Q458. (d) II and III
The bank rate is (e) All of these
(a) free to fluctuate according to the forces of demand Q463.
and supply The rate of interest banks charge its main/ major and
(b) set by the RBI prime customers is popularly called as
(c) set by the RBI is directed by the Union Ministry of (a) Risk Premium
Finance (b) Prime Lending Rate
(d) set by the RBI as adviced by the Indian Banks (c) Repo Rate
Association (d) Reverse Repo Rate
(e) set by the Government of India on the (e) Cost of Fund
recommendation of the Planning Commission Q464.
Q459. Fiscal deficit is
In India, the system of decimal coinage was introduced (a) total income less government borrowing
on (b) total payments less total receipts
(a) 15th August, 1947

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(c) total payments less capital receipts total expenditure (d) RBI
less (e) None of these
(d) total receipts excluding borrowing Q471.
(e) None of the above SHG Bank Linkage Programme, initially launched by
Q465. (a) RBI
Who is the chairperson of State Bank Of India? (b) NABARD
(a) Arundhati Bhattacharya (c) SBI
(b) Naina Lal Kidwai (d) RRBs
(c) Chanda Kochar (e) Finance Ministry
(d) Shikha Sharma Q472.
(e) None of these The investments done by ―those financial entities which
Q466. were launched or incorporated in a foreign country but
Which one of the following banks can be included in the are investing in an indian venture in India‖ are generally
Scheduled Commercial Banking System of India? known as
(a) Regional Rural Banks (a) Patent Money
(b) Private Sector Banks (b) Private Equity
(c) Foreign Banks in India (c) Foreign Institutional Investment
(d) All of the above (d) Current Account Money
(e) None of the above (e) None of these
Q467. Q473.
The Reserve Bank of India has asked all the banks to SMERA is an SME Rating Agency in India meant for
install ―Note Sorting Machines‖ in the branches. How will (a) rating on credit worthiness of MSME
this help banks and the general public? (b) rating on quality management
(1) The machines will check for counterfeit notes and (c) rating on training system
drop these from circulation. (d) rating on technology usage in (the organisation)
(2) This will help banks to count the notes quickly and (e) None of the above
accurately. Q474.
(2) This will help in sorting out soiled notes so that they Insurance service provided by various banks is
are not reissued by the banks. commonly known as....
(a) Only (2) (a) Investment Banking
(b) Only (1) (b) Portfolio Management
(c) Only (3) (c) Merchant Banking
(d) Only (1) & (2) (d) Bancassurance
(e) None of these (e) Micro Finance
Q468. Q475.
Which of the following is/are known as banker‘s bank? India‘s economic freedom score in 2014 stands at 5
(a) SBI 5.7 and on the basis of it, India has been placed at...rank
(b) NABARD in the list of Economic Freedom Index 201
(c) RBI 4.
(d) All of these (a) 118th
(e) None of these (b) 119th
Q469. (c) 120th
Which of the following is not a negotiable instrument? (d) 121th
(a) Cheque (e) None of these
(b) Pay order Q476.
(c) Bill of Exchange The paid-up capital of non-scheduled bank is less than
(d) Warehouse receipt (a) Rs. 5 lakh
(e) All are negotiable instruments (b) Rs. 10 lakh
Q470. (c) Rs. 12 lakh
Micro credit or micro finance is a novel approach to (d) Rs. 15 lakh
banking with the poor. In this approach, bank credit is (e) None of these
extended to the poor through Q477.
(a) Self Help Groups The monetary authority in India, viz Reserve Bank of
(b) Anganwadi India, is bound to maintain a reserve against the notes
(c) Cooperative Credit Societies

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issued, whatever may be the amount. This system is (e) None of these
called as Q483.
(a) Minimum Reserve System Basel -II norms are associated with which of the
(b) Proportional Reserve System following aspects of the banking industry?
(c) Maximum Fiduciary Issue System (a) Risk management
(d) Simple Deposit System (b) Manpower planning
(e) None of these (c) Retirement benefits for the employees
Q478. (d) Corporate governance
Headquarters of Reserve Bank of India is in (e) None of these
(a) New Delhi Q484.
(b) Mumbai ―Beti Bachao, Beti Padhao Yojana‖ a Scheme for women
(c) Kolkata safety recently passed in Union Budget 2014-1
(d) Chennai 5. How much money has been allotted for this scheme?
(e) Hyderabad (a) Rs. 500 Crore
Q479. (b) Rs. 100 Crore
Banks, today, in addition to normal banking services, (c) Rs. 150 Crore
offer which of the following services? (d) Rs. 50 Crore
(a) Internet Banking (e) Rs. 1000 Crore
(b) Depository Services Q485.
(c) Financial Counselling Services Consider the following statements:
(d) Only A and B 1. Regional Rural Banks grant direct loans and advances
(e) All to marginal farmers and rural artisans.
Q480. 2. NABARD is responsible for laying down policies and to
The World Bank sanctioned Rs. 18,000 crores to which oversee the operations of the RRBs.
of the following states for its Poverty Alleviation 3. RRB is not responsible for laying down policies. Which
Programme? of the statements given above is/are correct?
(a) Karnataka (a) 1 only
(b) Gujarat (b) 2 only
(c) Maharashtra (c) Both 1 and 2
(d) Uttar Pradesh (d) Neither 1 nor 2
(e) None of these (e) None of these
Q481. Q486.
As per the decision taken by the Govt of India, all the How many banks were in second phase of
Public Sector Banks (PSBs) will be recapitalised over the nationalisation?
next two years so that they can maintain a capital (a) 4
Adequacy Ratio (CAR) of ............... (b) 5
(a) 9% (c) 6
(b) 12% (d) 7
(c) 11% (e) 9
(d) 22% Q487.
(e) None of these Which of the following are the scheduled banks?
Q482. (a) The Fuji Bank Limited
The Govt of India recently provided an amount of (b) IDBI Bank Limited
Rs.65,300 cr to about (c) Centurian Bank of Punjab Limited
3.6 cr farmers in India. What was the purpose of the (d) All of the above
distribution of this much amount to the farmers? (e) None of the above
(a) To enable them to purchase tractors and other hitech Q488.
agricultural machines Which of the following is not an apex institution?
(b) This was given to them as a debt waiver and relief (a) SBI
package. (b) SIDBI
(c) To provide them fertilisers and advanced high- (c) NABARD
yielding seeds for the next harvesting season (d) State Cooperative bank
(d) To help them avail Internet services and update their (e) None of these
knowledge about the farming techniques and adopt new Q489.
methods of the same

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The Reserve Bank of India had diverted its stake in State (e) None of these
Bank of India to Q496.
(a) IDBI Bank The branding line of Bank of Baroda is
(b) LIC (a) International Bank of India
(c) ICICI Bank (b) India‘s International Bank
(d) Government of India (c) India‘s Multinational Bank
(e) None of these (d) World‘s Local Bank
Q490. (e) None of the above
Under what circumstances, can the bank close a Q497.
partnership account? Which of the following organisations is known as the
(a) Death of partner market regulator in India?
(b) Retirement of a partner (a) IBA
(c) Insolvency of a partner (b) SEBI
(d) All of the above (c) AMFI
(e) None of the above (d) NSDL
Q491. (e) None of these
Amongst the currency quotes USD/JPY, USD/Euro and Q498.
USD/CAD, which one of the following is referred as the A customer wishes to purchase some US dollars in India.
base currency for quotes? He/she should go to
(a) USD (a) Public Debt Division of the RBI only
(b) JPY (b) American Express Bank Only
(c) Euro (c) RBI or any branch of a Bank which is authorised for
(d) CAD such business
(e) None of these (d) Ministry of Foreign Affairs
Q492. (e) None of the above
A lot of Banks in India these days are offering M-Banking Q499.
Facility to their customers. What is the full form of Rs. Which of the following is the sale authority for issue of
‗M‘ in ‗M-Banking‘? currency in India?
(a) Money (a) Government of India
(b) Marginal (b) Reserve Bank of India
(c) Message (c) Controller of Currency
(d) Mutual Fund (d) All of the above
(e) Mobile Phone (e) None of the above
Q493. Q500.
Which of the following is a retail banking product? At present, the formula for subscription to RRBs capital
(a) Home loans has been fixed at
(b) Working capital finance (a) Central Government 50%, State Government 35%
(c) Corporate term loans and Sponsor Bank 15%
(d) Infrastructure financing (b) Central Government 60%, State Government 20%
(e) Export credit and Sponsor Bank 20%
Q494. (c) Central Government 30%, State Government 30%
Per capita income is obtained by dividing National and Sponsor Bank 40%
Income by (d) Central Government 35%, State Government 35%
(a) total population of the country and Sponsor Bank 30%
(b) total working population (e) Central Government 50%, State Government 25%
(c) area of the country and Sponsor Bank 25%
(d) volume of the capital used Q501.
(e) None of the above Narsimham Committee recommended to reduce SLR
Q495. and CLR to
Name the bank that purchased the HSBC bank's Swiss (a) 25% and 3.5% respectively
private banking assets? (b) 24% and 3.5% respectively
(a) Six SIS AG (c) 25% and 3% respectively
(b) Zurich Cantonal Bank (d) 20% and 5% respectively
(c) LGT Bank (e) 25% and 5% respectively
(d) WIR Bank Q502.

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A–card stores and provides indentification (e) 1 2 3 4
authentication, data storage and application processing Q507.
applications Many a time we read in newspapers that some big banks
(a) Debit Card have revised their lending rates to make them dearer or
(b) Smart Card cheaper. Though the decision to raise the lending rates is
(c) Credit Card always in the hands of the banks, normally they
(d) ATM Card announce this decision of theirs
(e) None of these (1) immediately after the Union Budget is presented in
Q503. the Lok Sabha every year.
Which of the following is not an activity of merchant (2) when the RBI makes changes in its policy rates.
banking in India? (3) when the Monetary and Credit Policy of the RBI is
(a) The management of the customers securities reviewed periodically.
(b) The management of the portfolio (a) Only (1)
(c) The management of projects and counselling as well (b) Only (2)
as appraisal (c) Only (3)
(d) The management of underwriting of shares and (d) Only (2) & (3)
debentures (e) All (1), (2) & (3)
(e) None of the above Q508.
Q504. Which of the following agencies/ organisations has
Inflation is caused by recently decided that all the stock exchanges should
(a) increase in supply of goods introduce physical settlement of equity derivatives?
(b) increase in cash with the government (a) Reserve Bank of India
(c) decrease in money supply (b) Bombay Stock Exchange
(d) increase in money supply (c) Registrar of Companies
(e) All of the above (d) Securities and Exchange Board of India
Q505. (e) All of the above
The World Bank has set a new goal of reducing extreme Q509.
poverty to: Which of the following is not a prerequisite for a
(a) 9 percent by 2020 promissory note?
(b) 6 percent by 2015 (a) Drawn on a specified banker
(c) 3 percent by 2025 (b) It should be unconditional
(d) 0 percent by 2015 (c) It should be in writing
(e) None of these (d) It should be made and signed by the debtor
Q506. (e) It should be payable in the currency of the country
Match the following: Q510.
List I Which of the following is the purpose of introducing
'Know Your Customer' norms by the banks?
List II (a) To bring more and more people under the banking
A. Allahabad Bank net
(b) Identifying people who do not pay income tax
1. Delhi (c) To ensure that the money deposited in banks has
B. Central Bank of India come from genuine sources
(d) To ensure whetherthe money deposited in the bank
2. Kolkata is of an India or a foreign national
C. Indian Overseas Bank (e) None of the above
Q511.
3. Mumbai Recent initiatives for financial inclusion in India include
D. Punjab National Bank I. ‗no frill‘ account for retail purpose.
II. simplified KYC (Know Your Customer).
4. Chennai III. Credit Counselling Credit (CCC) facilities.
Codes: A B C D IV. extension of smart cards.
(a) 2 4 3 1 Select the correct answer using the codes given below:
(b) 2 3 4 1 (a) I and II
(c) 4 3 2 1 (b) II and III
(d) 4 1 3 2 (c) III and IV

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(d) I and IV (d) All of the above
(e) All of these (e) None of the above
Q512. Q517.
At present the trade between India and China is in a Interest rates on which of the following deposit schemes
state of ―Payment imbalance‖. What does this mean in is fixed by the Reserve Bank of India?
real terms? ] (a) Fixed deposits above five years‘ maturity
(1) China does not import many items from India (b) Recurring deposits
whereas India imports more from China. (c) Savings bank
(2) China does not pay India in time and a lot of delay is (d) Flexi Deposit scheme
reported by the exporters (e) None of these
(3) India wants all payments to be made in US Dollars Q518.
whereas China pays in its own currency. SEBI was established in
(a) Only (1) (a) 1993
(b) Only (2) (b) 1992
(c) Only (3) (c) 1988
(d) All (1), (2) & (3) (d) 1990
(e) None of these (e) 1994
Q513. Q519.
Which of the following is not an objective of financial Which of the following statements is true?
sector reform in India? (a) Banks cannot accept demand and time deposits from
(a) Creating an efficient, productive and profitable public.
financial sector industry (b) Banks can accept only demand deposits from public.
(b) Preparing the financial system for increasing (c) Banks can accept only time deposits from public.
international competition (d) Banks can accept both demand and time deposits
(c) Opening the external sector in a calibrated fashion from public.
(d) Reducing the fiscal deficit (e) Banks can accept demand and time deposits only
(e) Promote the maintenance of financial stability even from government.
in the face of domestic and external environment Q520.
Q514. Which of the following is true about the National Rural
As we all know Ministry of Finance every year prepares Employment Guarantee Act?
Union Budget and presents it to the Parliament. Which of (1) Itis applicable only in 100 rural districts.
the following is / are the elements of the Union Budget? (2) It gives a guaranteed employment of 100 days to all
(1) Estimates of revenue and capital receipts. those who are eligible for the same and are also willing
(2) Ways and Means to raise the revenue. to take it.
(3) Estimates of expenditure. (3) This act is applicable only for men between the age of
(a) Only 1 21-6
(b) Only 2 5. Women do not get the benefit of the same.
(c) Only 3 (a) Only (1)
(d) All 1, 2 & 3 (b) Only (2)
(e) None of these (c) Only (3)
Q515. (d) All (1), (2) & (3)
Which of the following year has registered the maximum (e) None of these
GDP growth rate? Q521.
(a) 2005-06 What is the full form of the term ‗NPA‘ as used in
(b) 2006-07 banking environment?
(c) 2007-08 (a) Not Profitable Assets
(d) 2010-11 (b) New Potential Accounts
(e) None of these (c) Non Performing Assets
Q516. (d) Net Performing Assets
A foreign bank is one (e) None of these
(a) whose most of the branches are situated outside Q522.
India As we all know,Govt ofIndia is giving much emphasis
(b) in which atleast 40% equity shares are held by non- these days on the development of Small and Medium
resident Indians Enterprises (SMEs). Which of the following statements
(c) which is incorporated outside India

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reflects the importance of the SME sector in the India 2. 1943
economy? C. Punjab National Bank
(1) The Govt is following a policy of keeping some items
reserved for SMEs only. Hence a good number of items 3. 1943
for local consumption come from these alone. D. UCO Bank
(2) The main advantages of SMEs are reduction of
regional imbalances, low investment, greater operational
flexibility and low production cost. This helps in good 4. 1865
control over prices of such items in local markets. Codes: A B C D
(3) A very large number of people are employed in this (a) 2 4 3 1
sector and this sector is the second largest employer in (b) 2 3 4 1
India, after agriculture. (c) 4 3 2 1
(a) Only (1) (d) 4 1 3 2
(b) Only (2) (e) 3 1 4 2
(c) Only (3) Q527.
(d) All (1), (2) & (3) Small savings Scheme like National Savings Certificates,
(e) None of these Public Provident Fund, Monthly Income Schemes are
Q523. popular among the salaried people. Which financial
The main objective(s) of National Housing Bank is/are institutions manage these schemes?
(a) to promote and develop specialised housing finance (a) Public sector banks
institutions for mobilisation of resources and extending (b) Commercial banks
finance for housing activities (c) Post offices
(b) to extend refinance facilities to housing finance (d) Co-operative banks
institutions and to scheduled banks (e) Private sector bank
(c) to provide guarantee and underwriting facilities of Q528.
housing finance institutions Which of the following fall under the qualitative
(d) All of the above methods of credit control adopted by Reserve Bank of
(e) None of the above India?
Q524. (a) Selective Credit Control
How much amount has been allocated to for setting up 5 (b) Credit Authorisation Scheme
more IIMs and IITs? (c) Moral Suasion
(a) Rs. 500 Crore (d) All of the above
(b) Rs. 100 Crore (e) None of the above
(c) Rs. 150 Crore Q529.
(d) Rs. 50 Crore As per the reports in the leading newspapers. Securities
(e) Rs. 1000 Crore and Exchange Board of India (SEBI) has asked the
Q525. mutual fund industry to stop ‗Misselling‘ their schemes
Which one of the following agencies is not included in to investors. What is ‗Misselling‘ of products?
the operation of the Kisan Credit Cards? I. Misselling takes place when mutual funds are sold
(a) Scheduled Commercial Banks without telling the likely returns.
(b) Co-operative Banks II. When agents sell the products without telling
(c) Regional Rural Banks investors what are the risks involved in investing in
(d) NABARD mutual funds.
(e) None of these III. When agents invest somebody‘s money in mutual
Q526. funds without their knowledge, it is called misselling.
Match the following: Select the correct answer using the codes given below:
List I (a) Only I
(b) Only II
(c) Only III
(d) All of these
List II (e) None of these
A. Allahabad Bank Q530.
SWIFT is a network for banks to exchange information.
1. 1894 What is the expanded form?
B. Oriental Bank of Commerce (a) Safe window for international transactions

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(b) Secured worldwide international transactions Which of the following banks has been included in the
(c) Society for worldwide interbank financial second Schedule to the RBI Act, 1934 with effect from
telecommunications 21st August, 2004 and thus, is the latest entrant in
(d) All of the above Indian banking as a new generation private sector bank?
(e) None of the above (a) ICICI Bank Limited
Q531. (b) HDFC Bank Limited
The approach of ‗Micro-Credit‘ or ‗Banking with the (c) Kotak Mahindra Bank Limited
poor‘ is comparatively a new concept in the field of rural (d) Yes Bank Limited
credit. This approach has been tried very successfully in (e) None of the above
which of the following countries? Q537.
(a) Bangladesh The Reserve Bank of India keeps on changing various
(b) India ratios/rates frequently. Why is this done?
(c) China (1) To keep inflation under control
(d) Japan (2) To ensure that Indian Rupee does not lose its market
(e) None of these value
Q532. (3) To ensure that banks do not earn huge profits at the
Which of the following is the limitation of the ATMs cost of public money.
owing to which people are required to visit branches of (a) Only (1)
the bank? (b) Only (2)
(1) It does not accept deposits. (c) Only (3)
(2) It has a limited cash disbursement capacity. (d) All (1), (2) & (3)
(3) Lack of human interface. (e) None of these
(a) Only (1) Q538.
(b) Only (2) Consider the following
(c) Only (3) I. Bank Rate Policy
(d) All (1), (2) & (3) II. Open Market Operations
(e) None of these are limitations III. Devaluation of Rupee Which of the above are called
Q533. fiscal measures?
Life insurance in its modern form came to India from (a) Only II
England in the year (b) Both I and II
(a) 1818 (c) Both I and III
(b) 1896 (d) Only III
(c) 1905 (e) None of these
(d) 1907 Q539.
(e) 1919 In terms of Section 24 of the Reserve Bank of India Act,
Q534. 1934, the Reserve Bank of India may issue bank notes for
Which sectors of Indian Economy contributes largest to the maximum denomination of
the gross national product? (a)Rs. 500
(a) Primary sector (b)Rs. 5000
(b) Secondary sector (c)Rs. 10000
(c) Tertiary sector (d)Rs. 1000
(d) Public sector (e) None of these
(e) None of these Q540.
Q535. Under which category, will you classify Regional Rural
Recently, the BRICS countries firmed up plan to set up a Banks (RRBs)?
New Development Bank (NDB) with an initial authorised (a) Scheduled commercial banks
capital of $100 billion. The NDB will be headquartered in (b) Co-operative banks
? (c) Private sector banks
(a) New Delhi (d) Development banks
(b) Shanghai (e) None of the above
(c) Moscow Q541.
(d) Johanesburg Which of the following is not a recommendation of the
(e) Brasília Narsimham Committee, 1991?
Q536. (a) Reduction of CRR and SLR
(b) Phasing out directed credit programme

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(c) Reduction of Capital Adequacy Ratio (a) Only 1
(d) Establishment of ARF Fund (b) Only 2
(e) Autonomy of Public Sector Bank (c) Both 1 and 2
Q542. (d) Neither 1 nor 2
Which of the following is known as Plastic Money? (e) Can‘t say
I. Demand Draft Q547.
II. Credit Card The Reserve Bank of India (RBI) recently announced a
III. Debit Card Select the correct answer using the codes hike in some policy rates and also indicated that there
given below may be another change in near future. Which of the
(a) Only I following is/are considered a policy rate(s) in the hands
(b) Only II of the RBI?
(c) Only III (a) Only (1)
(d) Both II and III (b) Only (2)
(e) All of the above (c) Only (3)
Q543. (d) Only (1) & (2)
The industrial Finance Corporation of India provides (e) All (1), (2) & (3)
loans to Q548.
(a) government companies only which are in core sector CRR refers to the share of ........ that banks have to
(i.e., power generation, steel, coal and cement, etc) maintain with RBI of their net demand and time
(b) newly established industries in backward districts liabilities.
(c) industries in private sector (a) soft cash
(d) joint stock companies and cooperative societies (b) forex reserves
engaged in the manufacturing and processing of goods (c) gold
(e) None of the above (d) liquid cash
Q544. (e) None of these
Where is the head office of the International Monetary Q549.
Fund (IMF)? Which of the following is not a party of Bill of Exchange?
(a) Paris (a) The drawer
(b) New York (b) The drawee
(c) Washington DC (c) The payee
(d) Dhaka (d) The endorser
(e) Beirut (e) None of these
Q545. Q550.
Consider the following statements in regard to inclusive Which of the following is not an organised sector in
development: India?
(1) As per the RBI guidelines Public Sector Banks has to (a) Nationalised Banks
give loans to women SHGs at the interest rate of 7%. (b) Regional Rural Banks
(2) The initiative is to get benefit of interest rate (c) Cooperative Banks
subvention scheme under the Damini scheme. (d) Chits and Money Lenders
(3) As per the RBI guidelines Public Sector Banks has to (e) Industrial Bank
give loans to women SHGs at the interest rate of 9% Q551.
Which of the statements given above is/are correct? Narasimham Committee recommended to reduce SLR
(a) 1 only and CRR to
(b) 2 only (a) 25% and 3.5% respectively
(c) Both 1 and 2 (b) 24% and 3.5% respectively
(d) only 3 (c) 25% and 3% respectively
(e) None of these (d) 20% and 5% respectively
Q546. (e) 25% and 5% respectively
Consider the following statements: Q552.
1. Scheduled Commercial Banks are those which have Many times we read about ‗Hawala‘ transactions in
been included in the First Scheduled of RBI Act, 1934. newspapers. Hawala, in India, is prohibited under the
2. Non-scheduled Commercial Banks are those which provision of which of the following Acts?
have been included in the Second Scheduled of RBI act, (a) Fiscal Responsibility and Budget Management Act
193 (b) Banking Regulation Act
4. Which of the statements given above is/are correct? (c) Financial Action Task Force Act

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(d) Foreign Exchange Management Act (c) cancelling of the cheque
(e) None of these (d) dishonor of the cheque
Q553. (e) taking of the cheque
Which of the following is/was not included in the Q560.
agenda set for the Banking Reforms in India? Which of the following will be considered as an advance
(a) Dismantling of administrated interest rated to Priority Sector by the banks?
(b) Measures to strengthen risk management (a) Credit to farmers for agricultural purposes
(c) Promulgation of SARFAESI Act (b) Loan to a group of doctors to establish a hospital in a
(d) Promotion of the concept of easy credit to all with a city
guaranteed subsidy from the government (c) Loan to a sick mill owner
(e) Granting of operational autonomy to public sector (d) Loans given to purchase houses in posh colonies
banks and allowing them to raise capital from the open (e) None of these
market Q561.
Q554. Which of the following is NOT a Public Sector Unit?
Which is not a monetary measure to control inflation? (a) HPCL
(a) Soft loan policy (b) Yes Bank
(b) Hard credit policy (c) HAL
(c) Tighten the regulations of money issue (d) SAIL
(d) To reduce the quantity of money (e) IDBI Bank
(e) None of these Q562.
Q555. As we have notices, many banks are now entering into
During the first nine months of the financial year 2013- Insurance business. Why are Banks entering into this
14, the trade deficit in India stood at sector, particularly when many insurance companies are
(a) 105 billion dollar already there in India?
(b) 108 billion dollar (1) By providing insurance products, banks are earning
(c) 110 billion dollar additional revenue in terms of fee/commission.
(d) 112 billion dollar (2) Banks with their huge customer base are leveraging
(e) None of these on their existing relationship to convert customers into
Q556. policyholders.
How many banks are presently nationalised banks in (3) With increase of health-related problems, everybody
India? wants an insurance cover, no matter how big or small it
(a) 14 is. Banks are coming up with many attractive offers,
(b) 15 which are also affordable.
(c) 19 (a) Only (1)
(d) 20 (b) Only (2)
(e) 6 (c) Only (3)
Q557. (d) All (1), (2) & (3)
Which of the following policies is known as Annual (e) Only (1) & (2)
Policy Statement? Q563.
(a) Annual budget of GOI Which of the following constitute the code of conduct for
(b) Credit and monetary policy of RBI merchant bankers as stipulated by SEBI?
(c) Foreign trade policy of DGFT (a) Maintenance of high degree of standards of integrity
(d) Regulations issued by SEBI and fairness in dealings
(e) None of these (b) Providing true and adequate information to
Q558. investors and abide by the provisions of various acts,
In 1991, the SLR was as high as rules and regulation etc
(a) 25% (c) Ethical conduct of business and provision of
(b) 30% information to customers in respect of code
(c) 38.5% (d) All of the above
(d) 39.5% (e) None of the above
(e) 40% Q564.
Q559. What is the name of the scheme proposed for hygiene
When a bank returns a cheque unpaid, it is called and cleanliness in the recent Union Budget 2014-15?
(a) payment of the cheque (a) Bharat Swach Yojna
(b) drawing of the cheque (b) Bharat Nirmal Yojna

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(c) Bharat Nirman Yojna Who is the appointing authority for the banking
(d) Bharat Sudhhikaran Yojna ombudsman?
(e) None of these (a) RBI
Q565. (b) Finance Ministry
The Reserve Bank of India, released its June Mid-quarter (c) PMO
Monetary Policy. Consider the following statements: (d) Team of PM, Finance Minister and RBI Governor
1. RBI left its key policy, repo rate unchanged at (e) A and C
7.25% in line. Q571.
2. CRR (Cash Reserve Ratio), remained at 4%. Many a time we read about the priority sector in
3. Repo is the rate at which banks borrow from the newspapers. Which of the following is/are considered
central bank. Select the correct answer using codes given segment(s) of Priority Sector in India?
below: Codes: (1) Agriculture
(a) 1 and 2 only (2) Small Scale Industry
(b) 2 and 3 only (3) Textile Industry
(c) 1 and 3 only (a) Only (1)
(d) 1, 2 and 3 (b) Only (2)
(e) None of these (c) Only (3)
Q566. (d) All (1), (2) & (3)
Which of the following Indian Banks is not a (e) None of these
Nationalised Bank? Q572.
(a) Corporation Bank As we all know, more and more countries/
(b) Dena Bank organisations are now going for Non-Cash Transactions
(c) Federal Bank and accordingly Banks have launched many new
(d) Vijaya Bank products in the market for the same. Which of the
(e) Oriental Bank of Commerce following products is a non-cash transaction product?
Q567. (a) Only ATM Card
In July 1969, how many commercial banks were (b) Only Credit Card
nationalised? (c) Only Prepaid Card
(a) 13 (d) Only Debit Card
(b) 14 (e) All are non-cash transaction products.
(c) 15 Q573.
(d) 16 In case of a debt taken by a married woman, her
(e) 20 husband will be liable for debt only if the debt is taken
Q568. (a) with his consent or authority
Bank rate means (b) for the supply of necessaries of life to the wife, in
(a) the rate of interest charged by commercial banks on case the husband defaults in supplying the same to her
advances (c) Both A and B
(b) the rate at which commercial banks discount bills of (d)Either A or B
exchange for their clients (e)None
(c) the rate of interest allowed by banks on the deposits Q574.
(d) the standard rate at which the Reserve Bank of India The main source of National Income of India is
is prepared to buy or rediscount bills of exchange other (a) service sector
commercial paper eligible for purchase under the (b) agriculture
Reserve Bank of India Act, 1934 (c) industrial sector
(e) None of the above (d) trade sector
Q569. (e) None of these
A customer wishes to purchase some US dollars in India. Q575.
He/She should go to As of 2014, the BRICS nations represented per cent
(a) Public Debt Division of the RBI of the World economy. Fill the blank with correct option?
(b) American Express Bank (a) 10
(c) RBI or any branch of a bank which is authorised for (b) 15
such business (c) 18
(d) Ministry of Foreign Affairs (d) 20
(e) None of the above (e) 19
Q570. Q576.

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The word ‗Bank‘ is derived from (d) Sensex
(a) German word ‗back‘ which means a joint stock fund‘ (e) SWAP
(b) Italian word ‗banco‘ Q583.
(c) words ‗bancus‘ or banque‘ which means ‗a bench‘ When a loan is granted by a bank for purchase of white
(d) All of the above goods it is called
(e) None of the above (a) Consumption loan
Q577. (b) White goods loan
Very often we read in the newspapers about various (c) Consumer durable loan
measures taken up to control the flow of the capital in (d) All of these
the Indian markets. Who amongst the following is/are (e) None of these
the regulators who can control the flow of the same in Q584.
India? Which of the following statements is true about
(a) Only (1) International Monetary Fund (IMF)?
(b) Only (2) (a) It provides ways and means funds to member
(c) Only (3) countries.
(d) Both (2) & (3) (b) It is an agency of the World Bank and is situated in
(e) Both (1) & (2) Prague.
Q578. (c) It makes all the rules and regulations in relation to
Prior approval (as also a licence) of RBI is required for the world trade between the nations.
opening (d) On becoming its member, countries get finance as
(a) personal banking branches temporary balance of payment needs.
(b) merchant banking branches (e) It is an organisation floated by the members of NATO
(c) asset recovery branches and caters to the need of those countries only.
(d) All of the above Q585.
(e) None of the above Consider the following statements regarding medium
Q579. term note (MTN) programme:
The minting of rupee coin is governed by (1) Medium term note (MTN) is a debt bond which
(a) Coinage Act, 1906 usually matures in 5 to 10 years.
(b) Reserve Bank of India Act, 1934 (2) Recently Union Bank of India has hit the global debt
(c) Banking Regulation Act, 1949 market to raise around USD 500 million through bond
(d) Currency Act, 1902 issuance.
(e) None of the above (3) Medium term note (MTN) is a debt and which usually
Q580. matures in 7 to 12 years Which of the statements given
Regional Rural Banks (RRBs) are managed by above is/are correct?
(a) Reserve Bank of India (a) 1 only
(b) a Board of Directors (b) 2 only
(c) the sponsor bank (c) Both 1 and 2
(d) the State Government (d) only 3
(e) All of the above (e) None of these
Q581. Q586.
Which of the following banks have entered capital A scheduled bank is the one which is included in the
market in the wake of Narasimham Committee (a) II Schedule of Banking Regulation Act
recommendations? (b) II Schedule of Constitution
(a) State Bank of India (c) II Schedule of RBI Act
(b) Oriental Bank of Commerce (d) All of these
(c) Bank of India (e) None of these
(d) All of the above Q587.
(e) None of the above The rate on which banks borrow from the RBI is called
Q582. ...........
Which of the following is a leading electronic payment (a) SLR
technology firm? (The logo of the firm can be seen (b) CRR
printed on credit cards/ ATM centres etc. (c) Interest Rate
(a) Visa (d) Bank Rate
(b) Max (e) Repo Rate
(c) BSE Q588.

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In India, RBI prescribes the minimum SLR level for (b) Decrease in taxation
scheduled commercial banks in India, in specified assets (c) Soft credit policy
as a percentage of bank‘s (d) Hard credit policy
(a) net demand and time liabilities (e) None of these
(b) demand liability Q595.
(c) time liability During the first nine months of the financial year 2013-
(d) All of the above 14, India‘s exports registered the growth of
(e) None of the above (a) + 2.98%
Q589. (b) + 5.94%
In terms of Section 5(1) (5) of the Banking Regulation (c) – 4.76%
Act, 1949, a ‗banking company‘ means any company (d) – 5.94%
which (e) None of these
(a) accepts deposits from the public Q596.
(b) undertakes lending of money Which of the following are the scheduled banks?
(c) transacts the business of banking in (a) State Bank of Mauritius Limited
(d) All of the above (b) HDFC Bank Limited
(e) None of the above (c) ICICI Bank
Q590. (d) None of the above
Banks recover term loan from the parties in EMIs. What (e) All of the above
the letter ‗E‘ represents in the term? Q597.
(a) Easy Which of the following Acts was framed specially to deal
(b) Effective more effectively with the problem of Non-Performing
(c) Equated Assets in banking system?
(d) Essential (a) Companies Act
(e) Economical (b) Banking Regulation Act
Q591. (c) Foreign Exchange Management Act
Which of the following is incorrect about Non-banking (d) Industrial Dispute Act
Financial Companies (NBFCs)? (e) SARFAESI Act
(a) NBFC cannot accept demand deposits Q598.
(b) NBFC is not a part of the payment and settlement Shares of companies notified by SEBI can be traded only
system when these are in ....... form
(c) NBFC can issue cheques drawn on itself (a) physical
(d) NBFCS are fast emerging segment of Indian financial (b) dematerialised
system (c) Either A and B
(e) None of the above (d) centralised
Q592. (e) None of these
Many times we read about ‗Hawala‘ transactions in Q599.
newspapers. Hawala, in India, is prohibited under the The process by which a life insurance policyholder can
provision of (d) which of the following Acts? transfer all rights, title and interest- under a policy
(a) Fiscal Responsibility and Budget Management Act contract to a third person is known as
(b) Banking Regulation Act (a) Assignment of the policy
(c) Financial Action Task Force Act (b) Hypothecation of the policy
(d) Foreign Exchange Management Act (c) Reinvestment of the policy
(e) None of the above (d) Negotiation of the policy
Q593. (e) Nomination of the policy
Which financial institution established by IBRD- Q600.
American Mission, in 1955? In economics it is generally believed that the main
(a) IDBI objective of a Public sector financial company like Bank
(b) ICICI is to .................
(c) SBI (a) Employ more and more people.
(d) RRB (b) Maximize total profits.
(e) PNB (c) Maximize total production.
Q594. (d) Provide financial service to the people of the nation
Which is the monetary measure to control inflation? of its origin across the country.
(a) Increase in taxation (e) Sell the goods at subsidized cost.

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Q601. (a) 1 only
As per the target for the 11th Five Year Plan, educated (b) 2 only
unemployment is to be reduced to which of the following (c) Both 1 and 2
levels? (d) Either 1 or 2
(a) 9% (e) None of these
(b) 6% Q606.
(c) 7% Consider the following statements:
(d) 8% 1. Allahabad Bank was the first bank to be established
(e) 5% exclusively by Indians.
Q602. 2. Seven banks forming subsidiary of State Bank of India
One of the key factors that provide impetus to strong was nationalised in 1969
growth is Interest Rates. How do interest rates Which of the statements given above is/are correct?
contribute to the growth of economy, particularly when (a) Only 1
these are lowered down? (b) Only 2
(1) It gives corporations the opportunity to prepay high- (c) Both 1 and 2
cost debts and replace them with fresh funds raised at (d) Neither 1 nor 2
lower rates. (e) Can‘t say
(2) Banks use this opportunity to maximize profits on Q607.
their treasury operations and these excess profits are The maximum period for which a fixed deposit can be
used to clean their Balance Sheets by making higher accepted by a commercial bank is
provisions for NPAs or sticky loans. (a) 10 years
(3) The Govt also gets benefited as it can borrow funds (b) 15 years
from open market at low interest rates and bridge its (c) No limit
fiscal deficit. (d) 8 years
(a) Only (1) (e) None of these
(b) Only (2) Q608.
(c) Only (3) The ratio of the Cash Reserves that the banks are
(d) All (1), (2) & (3) required to keep with the RBI is known as
(e) None of these (a) Liquidity Ratio
Q603. (b) SLR
Which of the following public sector banks is regarded (c) CRR
as being the first to launch its own Mutual Fund Scheme? (d) Net Demand and Time Liability
(a) SBI (e) None of the above
(b) PNB Q609.
(c) Bank of India RBI prescribes the cash reserve ratio to be maintained
(d) Canara Bank by banks as part of prudential norms. In what way is this
(e) ICICI Bank cash reserve maintained by the banks?
Q604. (a) It is kept as reserves of gold with RBI
How much amount has been allocated to for Statue of (b) It is maintained as cash with RBI
Unity, a statue of Sardar Patel in Gujarat, in the recent (c) Each bank keeps the reserve in their respective head
Union Budget 2014- 15? offices
(a) Rs. 500 Crore (d) It is maintained as investments in government bonds
(b) Rs. 100 Crore (e) None of these
(c) Rs. 200 Crore Q610.
(d) Rs. 150 Crore Which of the following is the drawee bank in respect of a
(e) None of these cheque?
Q605. (a) The payee‘s bank
Consider the following statements about Bharitiya (b) The bank which collects the cheque
Mahila Bank: (c) The bank on which the cheque is drawn
1. The Proposed Bank will be headquartered in Mumba (d) The endorsee‘s bank
i. (e) None of these
2. It will start 6 branches in Mumbai, Delhi, Kolkata, Q611.
Chennai, Indore and Guwahat The Government of India has launched a number of
i. Select the correct answer using codes given below: poverty alleviation programmes. This is done with the
Codes: view that poverty is the root cause of social insecurity. In

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addition to that UNO has also launched Millennium Which is the largest associates bank of State Bank of
Development Goals to be achieved by 201 India?
5. Which of the following is NOT one of those goals? (a) State Bank of Patiala
(a) Improve mental health (b) State Bank of Hyderabad
(b) Combat HIV/AIDS, Malaria (c) State Bank of Bikaner and Jaipur
(c) Reduce marriageable age for males to 18 years (d) State Bank of Saurashtra
(d) Promote gender equality and empower women (e) State Bank of Assam
(e) Achieve universal primary education Q617.
Q612. Many times we read a term ―Hot Money‖ in newspapers.
As per the news published in major newspapers What is/are the characteristics of Hot money?
journals hence forth the Credit Card holders will be able (1) The term is used for fresh currency notes issued by
to access their credit card information though automated the RB
interactive voice response system over the phone I.
instead of speaking to the staff. This decision of the (2) It is the fund which flows in the market to take
banks/credit card companies will provide advantage of high interest rates.
(1) an additional hurdle to the customers as people feel (3) It is the fund which is thrown in the market to create
comfortable in talking to the staff instead of talking to a imbalance in the stock markets.
machine. (a) Only (1)
(2) an additional security to the customers as this does (b) Only (2)
not allow any staff to handle any transaction directly. (c) Only (3)
(3) Some comfort to the banks as they will be able to (d) All (1), (2) & (3)
reduce their staff strength. (e) None of these
(a) Only (1) Q618.
(b) Only (2) Who will act as the banker to the Government of India?
(c) Only (3) (a) State Bank of India
(d) All (1), (2) & (3) (b) Reserve Bank of India
(e) Only (1) & (3) (c) NABARD
Q613. (d) Nationalised Banks
Banks have the lowest lending levels in the ...... part of (e) Central Bank of India
India. Q619.
(a) Central One rupee notes and coins are issued by
(b) North-Eastern (a) Reserve Bank of India
(c) Southern (b) State Bank of India on behalf of Government of India
(d) Western (c) Government of India
(e) Northern (d) Finance Minister of Central Government
Q614. (e) None of the above
Intermediate goods are excluded from GDP because Q620.
(a) they represent goods that have never been Regional Rural Banks (RRBs) are empowered to
purchased so they cannot be counted transact the business of banking as defined under
(b) their inclusion would understate GDP (a) Banking Regulation Act, 1949
(c) their inclusion would involve double counting (b) Negotiable Instruments Act, 1881
(d) the premise of the question is incorrect because (c) Regional Rural Banks Act, 1976
intermediate goods are directly included in calculating (d) the Banking Companies (Acquisition and Transfer of
GDP Undertakings) Act, 1970
(e) value of intermediate goods is unknown (e) None of the above
Q615. Q621.
Which one of the following countries has launched the The Narsimham Committee-II was set-up to suggest
"Operation Barkhane" a counter terrorism operation in some recommendations for improvement in the
against Islamist militant in Northern Africa? (a) efficiency and productivity of the financial institution
(a) USA (b) banking reform process
(b) Russia (c) export of IT sector
(c) France (d) fiscal reform process
(d) Germany (e) None of the above
(e) Portugal Q622.
Q616.

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To use smart cards/debit cards/credit cards for the As we know, the RBI is the apex bank of India. Similarly,
purchase of an item or for payment of a service at a the apex Bank of the USA is called ..............
merchant‘s store, the card has to be swiped in a terminal (a) Federal Reserve
known as (b) The Central Bank of USA
(a) point of sale terminal (c) Bank of America
(b) real time terminal (d) Central National Bank of USA
(c) shopping terminal (e) None of these
(d) All of the above Q628.
(e) None of the above Section 14 of Banking Regulation Act, 1949
Q623. (a) prohibits a banking company from creating a charge
As perthe reports in the leading newspapers the upon any unpaid capital of the company
Securities & Exchange Board of India (SEBI) has asked (b) contains a system of licensing of banks by the RBI
the Mutual Fund industry to stop ―Misselling‖ their (c) provides that the subscribed capital of a banking
schemes to investors. What is ―Misselling‖ of products? company should not be less than one-half of its
(1) Misselling takes place when mutual funds are sold authorised capital
without telling the likely returns. (d) All of the above
(2) When agents sell the products without telling (e) None of the above
investors what are the risks involved in investing in Q629.
mutual funds Aworkinggrouponchequetransactionsand E-cheques
(3) When agents invest somebody's money in mutual was constituted by the Reserve Bank of India under the
funds without their knowledge, it is called misselling. chairmanship of Dr R B Barman and major
(a) Only (1) recommendations of group include
(b) Only (2) (a) the physical cheque will be truncated within the
(c) Only (3) presenting bank
(d) All (1), (2) & (3) (b) settlement will be generated on the basis of current
(e) None of these MICR code line data
Q624. (c) electronic images will be used for payment
Special Drawing Rights are the rights of countries processing
provided by (d) All of these
(a) World Bank (e) None of these
(b) IMF Q630.
(c) ADB Banks are required to provide loans to the priority
(d) Federal Reserve sector upto a specified limit. What is the limit for public
(e) None of these sector bank?
Q625. (a) 40%
Consider the following statements: (b) 32%
(1) Instant Money Transfer (IMT scheme is launched by (c) 45%
Bank of India. (d) 35%
(2) It allows withdrawal of funds to individuals from its (e) 60%
ATMs without an account in the bank. Which of the Q631.
statements given above is/are correct? What is the full form of ‗NBFC‘ as used in the financial
(a) 1 only sector?
(b) 2 only (a) New Banking Finance Company
(c) Both 1 and 2 (b) National Banking and Finance Corporation
(d) Neither 1 nor 2 (c) New Business Finance and Credit
(e) None of these (d) New-Business Fund Company
Q626. (e) None of the above
Presently, the number of the public sector banks in India Q632.
is Which one of the following factors is taken into account
(a) 8 to calculate the Balance of Payment (BoP) of a country?
(b) 20 (a) Current account
(c) 28 (b) Changes in the foreign exchange
(d) 14 (c) Errors and omissions
(e) None of these (d) All of these
Q627. (e) None of these

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Q633. (d) Reverse repo rate
Bank of Rajasthan was merged with (e) None of these
(a) HDFC Bank Q639.
(b) ICICI Bank Banking Ombudsman Scheme is applicable to the
(c) AXIS Bank business of .
(d) Citi Bank (a) All scheduled commercial banks excluding RRBs
(e) None of these (b) All scheduled commercial banks including RRBs
Q634. (c) Only Public Sector Banks
Selling of securities in the open market by the central (d) All Banking Companies
bank creates— (e) All scheduled banks except private banks
(a) Inflation Q640.
(b) Deflation Which of the following committees has given its
(c) Both of the above recommendations on ―Financial Inclusion‖?
(d) None of the above (a) Rakesh Mohan Committee
(e) None of these (b) Rangarajan Committee
Q635. (c) Sinha Committee
During the first nine months of the financial year 2013- (d) Kelkar Committee
14, India‘s imports registered the growth of (e) None of these
(a) – 4.64% Q641.
(b) – 6.55% In Banking terminology, NPA means
(c) + 4.64% (a) No-Promise Account
(d) + 6.55% (b) Non-Personal Account
(e) None of these (c) Non-Performing Asset
Q636. (d) Net Performing Asset
Which of the following is not the part of the scheduled (e) New Promising Ambience
banking structure in India? Q642.
(a) Money lenders Which of the following schemes is launched specifically
(b) Public sector banks for helping senior citizens to avail loan by mortgage of
(c) Private sector banks their residential property?
(d) Regional rural banks (a) English Mortgage Scheme
(e) State co-operative banks (b) Senior Capital loan Scheme
Q637. (c) Reverse Mortgage Loan scheme
Very often we read in newspapers/ magazines about (d) Senior Citizen Personal Loan scheme
‗Sovereign Wealth Funds‘. Which of the following is/ are (e) None of these
the correct description of the same? These are the funds Q643.
or the reserves of a government or cenetral bank of a Which is the principal institution for promotion,
country which are invested further to earn profitable financing and development of small scale industries in
returns. the country?
(2) These are the funds which were accumulated by (a) RBI
some people over the years but were not put in active (b) SBI
circulation as they retain them as black money for (c) IDBI
several years. (d) SIDBI
(3) The funds which are created to be used as relief (e) None of these
funds or bailout packages. Q644.
(a) Both (2) and (3) only How much amount has been allocated to for irrigation
(b) Only (2) plan named Pradhan mantri krishi sichayin yojana, in the
(c) Only (3) recent Union Budget 2014-15?
(d) Only (1) (a) Rs. 500 Crore
(e) None of these (b) Rs. 100 Crore
Q638. (c) Rs. 200 Crore
At which rate the RBI lends short-term money to the (d) Rs. 1000 cr
bank? (e) None of these
(a) PLR Q645.
(b) CRR Match the followings: List-I List-II Designation
(c) Repo rate Chairperson/President A. ASSOCHAM

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1. Krishna Kumar Natarajan B. FICCI As per the decision taken by the Government of India,
2. K. R. Kamath C. NASSCOM now the National Rural Employment Guarantee Act is
3. Rana Kapoor D. Indian Bank extended to all the districts of India. This means it will
4. Naina Lal Kidwai Association (IBA) Select the correct now be applicable to about.
answer using codes given below: Codes: A B C D (a) 200 districts
(a) 4 3 2 1 (b) 300 districts
(b) 3 4 1 2 (c) 400 districts
(c) 2 1 3 4 (d) 500 districts
(d) 1 2 4 3 (e) 600 districts
(e) Q652.
Q646. As per the notification issued by the banks, the ―third
Which was the first Bank corporated by the Indians? party ATM usage‖ will now be restricted to certain
(a) Imperial Bank of India withdrawals and limits only. What does it really mean?
(b) State Bank of India (1) The ATM cardholders will not be able to withdraw
(c) Avadh Commercial Bank from other banks‘ ATMs under any circumstances.
(d) Reserve Bank of India (2) Customers of one bank may be able to withdraw only
(e) National Bank a limited amount from other banks‘ ATMs.
Q647. (3) ATM card holders will have to pay a fee if they
The rate of interest payable on a bank deposits is withdraw money from other banks‘ ATMs frequently.
determined by (a) Only (1)
(a) Indian Bank‘s Association (b) Only (2)
(b) the bank concerned (c) Only (3)
(c) RBI (d) Only (2) & (3)
(d) Finance Ministry (e) Only (1) & (3)
(e) None of the above Q653.
Q648. Bank loan against property requires the asset to be free
The term ‗Ways and Means‘ advances refers to from encumbrances. What does it mean?
(a) the advances allowed under DRI Scheme by (a) The asset to be free from liability
commercial bank (b) The asset to be properly registered
(b) the advances allowed by commercial banks under (c) The property to be fully constructed
Twenty Point Economic Programme (d) The asset should not have multiple owners
(c) the temporary advances made to the government by (e) None of these
its bankers to bridge the interval between expenditure Q654.
and the flow of recepts of revenues Gross domestic product is a measure of the total value of
(d) All of the above all
(e) None of the above (a) consumer income in an economy over a period of
Q649. time
The chief economic advisor to the Government of India (b) capital accumulation in an economy over a period of
has recently changed. Who is the present incumbent? time
(a) Raghurm Rajan (c) sales in an economy over a period of time
(b) Bimal Jalan (d) final goods and services produced in an economy
(c) Rakesh Mohan over a period of time
(d) Kaushik Basu (e) final as well as intermediate goods and services
(e) Y.V. Reddy produced in an economy over a period of time
Q650. Q655.
Who is a banking ombudsman? According to the latest World Development Indicators
(a) The chief vigilance officer of a bank (WDI) data, public spending on health and education in
(b) The chairman of a bank India is per cent of country's GDP. Fill the blank with
(c) An official in the Finance Ministry, Government of correct option?
India (a) 8.5
(d) An independent authority appointed by RBI to (b) 4.7
address customer complaints (c) 7.0
(e) None of these (d) 8.9
Q651. (e) 16
Q656.

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The formation of the 14th Finance Commission in India (a) Money
has been finalized. Who has been appointed to head the (b) Marginal
commission? (c) Message
(a) D. Subba Rao (d) Mutual Fund
(b) Y. V. Reddy (e) Mobile
(c) Montek Singh Ahluwalia Q663.
(d) Raghuram Rajan Which of the following is/are correct about the
(e) Rakesh Mohan ―Operational Risk‘ as used in the field of banking?
Q657. (1) Risk of loss due to inadequate or failed internal
RBI's open market operation transactions are carried process.
out with a view to regulate (2) Risk of loss due to natural calamities.
(a) Liquidity in the economy (3) Loss occurred due to non-compliance of legal
(b) Prices of essential commodities procedures.
(c) Inflation (a) Only (1)
(d) Borrowing power of the banks (b) Only (2)
(e) All the above (c) Only (3)
Q658. (d) All (1), (2) & (3)
Where is the headquarter of Reserve Bank of India? (e) None of these
(a) Mumbai Q664.
(b) Delhi The main function of the IMF is
(c) Kolkata (a) to help solve balance of payments problems of
(d) Ahmedabad member countries
(e) Noida (b) to arrange international deposits from banks
Q659. (c) to act as private sector lending arm of the World
The monetary authority in India,viz Reserve Bank of Bank
India, is bound to maintain a reserve against the notes (d) to finance investment loans to developing countries
issued, whatever may be the amount. This system is (e) None of the above
called is Q665.
(a) minimum reserve system Consider the following statements:
(b) proportional reserve system 1. The RBI has announced the 'Depositor Education and
(c) maximum fiduciary issue system Awareness Fund Scheme, 2014'.
(d) simple deposit system 2. The Depositor Education and Awareness Fund Scheme
(e) None of the above will utilize unclaimed bank deposits for education and
Q660. awareness of depositor.
Which of the following is incorrect about the 3. The scheme will be funded by centre for depositor 's
recommendations of Narasimham Committee Report, education. Which among the above is/ are correct
1998? statements?
(a) Reduced CRR and SLR (a) 1, 2 & 3
(b) Deregulation of Interest Rate (b) 2 & 3
(c) Establishment of the ARF Tribunal (c) 1, & 2 only
(d) Fixing Prudential Norms (d) One of the above
(e) Capital Adequacy Norms (e) None of these
Q661. Q666.
Which of the following organisations/ agencies works Which of the following is popular ‗saving bank‘ among
solely to monitor and arrange flow of agriculture credit the poor children?
in India? (a) Core banking
(a) NABARD (b) Credit banking
(b) SIDBI (c) Debit banking
(c) RBI (d) Merchant banking
(d) SEBI (e) Piggy banking
(e) None of these Q667.
Q662. What is the full form of ‗ULIP‘, the term which was in the
Lot of banks in India these days, are offering M-Banking news recently?
facility to their customers. What is the full form of M in (a) Universal Life & Investment Plan
M-Banking? (b) Unit Loan & Insurance Plan

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(c) Universal Loan & Investment Plan (a) Sell government securities and decrease bank rate
(d) Uniformly Loaded Investment Plan (b) Sell government securities and increase bank rate
(e) Unit Linked Insurance Plan (c) Purchase government securities and increase bank
Q668. rate
Objective of Monetary Policy of RBI is to (d) Purchase government securities and to decrease
(a) control inflation bank rate
(b) discourage loading of commodities (e) None of these
(c) encourage flow of credit into neglected sector Q675.
(d) All of the above The Ministerial Conference of World Trade Organisation
(e) None of the above (WTO) in was held in
Q669. (a) Japan
Which of the following is a primary function of banks? (b) Mexico
(a) Collection and payment of cheques, rent, interest etc (c) Canada
on behalf of their customers (d) Indonesia
(b) Buying, selling and keeping in safe custody, the (e) None of these
securities on behalf of their customers Q676.
(c) Acting as trustee and executors of the property of BCSBI stands for
their customers on their advice (a) Banking Codes and Standards Board of India
(d) Remitting money from one place to the other (b) Banking Credit and Standards Board of India
through bank drafts or mail or telegraphic transfers (c) Banking Codes and Service Board of India
(e) Accepting deposits (d) Banking Credit and Service Board of India
Q670. (e) None of the above
The central co-operative banks are in direct touch with Q677.
(a) farmers The names of which of the following rates/ratios cannot
(b) state co-operative banks be seen in financial newspapers?
(c) land development banks (a) Bank Rate
(d) Central Government (b) Repo Rate
(e) None of the above (c) Statutory Liquidity Ratio
Q671. (d) Cash Reserve Ratio
Base rate is the rate below which no bank can allow (e) Pulse Rate
their lending to anyone. Who sets-up this ‗Base rate‘ for Q678.
banks? When RBI acts as a baker to the government, what does
(a) Individual Banks‘ Board it do?
(b) Ministry of Commerce (a) RBI keeps bank accounts of the government
(c) Ministry of Finance (b) RBI carries out government transactions
(d) RBI (c) RBI advises the government on all financial and
(e) Interest Rate Commission of India monetary matters
Q672. (d) All of the above
BoP (Balance of Payment) refers to (e) None of the above
(a) transactions in the flow of capital Q679.
(b) transactions relating to receipts and payment of Banking Ombudsman is appointed by .
invisible (a) Government of India
(c) transactions relating only to exports and imports (b) State Governments
(d) systematic record of all its economic transaction (c) RBI
with the rest of the world (d) E C G C
(e) All of the above (e) Exim Bank
Q673. Q680.
ICICI provides financial assistance to Which of the following products launched by most ofthe
(a) small-scale industries banks helps farmers in getting instant credit for various
(b) medium-scale industries agricultural purposes?
(c) large-scale industries (a) Kissan Credit Card
(d) All of the above (b) Personal Loan
(e) None of the above (c) Business loan
Q674. (d) ATM Card
To control inflation the central bank should — (e) None of these

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Q681. Q687.
When there is a difference between all receipts and Zero balance account is generally allowed to be opened
expenditure of the Govt. of India, both capital and for
revenue, it is called . (a) salaried class
(a) Revenue Deficit (b) businessmen
(b) Budgetary Deficit (c) foreign customers
(c) Zero Budgeting (d) children
(d) Trade Gap (e) senior citizens
(e) Balance of payment problem Q688.
Q682. Which of the following training establishment is not run
Bancassurance is by Reserve Bank of India?
(a) an insurance scheme to insure bank deposits (a) Bankers Training College, Bombay
(b) an insurance scheme exclusively for the employees (b) College of Agricultural Banking, Pune
of banks (c) NIBM
(c) a composite finacial service offering both banking (d) All of the above
and insurance products (e) None of the above
(d) a bank deposit scheme exclusively for employees of Q689.
insurance companies The financial year for banks is April-March, but what is
(e) None of these the financial year for RBI?
Q683. (a) January - December
ICICI is the name of a (b) April - March
(a) chemical industry (c) July - June
(b) bureau (d) October - September
(c) corporation (e) June-May
(d) financial institution Q690.
(e) None of these Know Your Customer (KYC) norms are required to be
Q684. strictly followed by banks. It means
How much amount has been allocated to for Internet (a) providing improved customer services
connectivity in villages, in the recent Union Budget (b) determining the identify and residence proof of
2014-15? account holders through approved documents
(a) Rs. 100 Crore (c) ensuring that staff members know the customers
(b) Rs. 200 Crore (d) organising regular customer service meetings
(c) Rs. 500 Crore (e) None of these
(d) Rs. 150 Crore Q691.
(e) None of these Which one of the following is a SelfEmployment
Q685. Programme for Educated Unemployed Youth?
Core Banking Solution(CBS) provides: (a) Prime Minister‘s Rozgar Yojana
1. multiple delivery channels to the customers. (b) Swarn Jayanti Sahakari Rozgar Yojana
2. better MIS and reporting to external agencies such as (c) National Social Assistance Programme
government, RBI, etc. (d) Swarn Jayanti Gram Swarozgar Yojana
3. better asset liability management and risk (e) None of these
management by banks. Select the answer from the codes Q692.
given below: Codes: Which of the following is an innovative mechanism
(a) 1 and 2 adopted by banks to meet the targets fixed for lending to
(b) 2 and 3 priority sector by the Banks?
(c) 1 and 3 (a) Buying & Selling of Priority Sector Lending
(d) All of the above Certification
(e) None of these (b) Sale of Kisan Vikas Patra
Q686. (c) Inter Bank Participation Certificates
When was the Avadh Commercial Bank established? (d) Adoption of Core Banking Solution
(a) 1881 (e) None of These
(b) 1894 Q693.
(c) 1898 In bank‘s parlance, credit risk in lending is
(d) 1899 (a) default of the banker to maintain CRR
(e) 1864 (b) default of the banker to maintain SLR

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(c) default of the banker to release credit to the (e) None of the above
customer Q700.
(d) default of the customer to repay the loan RRBs are refinanced at
(e) None of these (a) 2% below the bank rate
Q694. (b) 1% below the bank rate
The GDP is the value of all final goods and services (c) 2% below the repo rate
produced (d) 1% below the repo rate
(a) within the nations boundaries (e) repo rate
(b) by domestically owned companies Q701.
(c) by citizens of the country Which of the following is not a scheduled Commercial
(d) by domestically controlled companies Bank?
(e) None of the above (a) IDBI Bank
Q695. (b) Axis Bank
Which among the following companies has topped the (c) HDFC Bank
Fortune Global 500 list of the world's biggest (d) NABARD
companies? (e) Kodak Mahindra Bank
(a) Exxon Mobil Q702.
(b) Wal-Mart All Inter-Bank Funds Transfer System, where funds are
(c) Sinopec Group transferred as and when the transactions are triggered,
(d) Indian Oil Corp is called
(e) None of these (a) internet banking
Q696. (b) mobile banking
As per the newspaper reports, some economically (c) bill payment service
developed states only hold about 60% of the total (d) real time gross settlement
'Demant Accounts' in India. A demant Account is (e) None of the above
(a) an account which is opened by the people of the Q703.
lower income groups of society. The actual return of an investor is reduced sometimes as
(b) an account in which trading of the shares is done. the prices of the commodities go up all of a sudden. In
(c) an account which can be opened only by minors. financial sector this type of phenomenon is known as
(d) an account which can be operated by big corporate .................
houses and are mainly business accounts like current (a) Probability risk
acounts. (b) Market risk
(e) None of these (c) Inflation risk
Q697. (d) Credit risk
Open market operations, one of the measures taken by (e) None of these
RBI in order to control credit expansion in the economy, Q704.
means On which one of the following issues has IMF supported
(a) Sale or purchase of Govt. securities monetary policy of India?
(b) Issuance of different types of bonds (a) Introduction of GST
(c) Auction of gold (b) Stimulus for agriculture sector
(d) To make available direct finance to borrowers (c) Concessions for foreign investment
(e) None of these (d) Tightening of monetary policy
Q698. (e) None of the above
What is the animal of the insignia of the RBI? Q705.
(a) Lion Consider the following statements:
(b) Tiger (1) Umesh Chandra committee was set up by RBI to
(c) Panther study the various issues relating to financial
(d) Elephant benchmarks.
(e) Horse (2) The committee has recommended change in
Q699. determining money market benchmark.
One rupee notes bear the signature of (3) Ram Chandra committee was set up by SEBI to study
(a) Governor of Reserve Bank of India the various issues relating to financial benchmarks.
(b) Prime Minister of India Which of the statements given above is/are correct?
(c) President of India (a) 1 only
(d) Secretary, Ministry of Finance (Government of India) (b) 2 only

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(c) Both 1 and 2 (e) None of these
(d) only 3 Q712.
(e) None of these Which of the following is the component of India‘s
Q706. Foreign Exchange Reserve?
Who is a very senior citizen? (a) Special drawing rights
(a) A person who is 65 years and above (b) Reserve tranche position of India in IMF
(b) A person who is 75 years and above (c) Indian currency held by foreign countries
(c) A person who is 80 years and above (d) Both A and B
(d) A person who is 90 years and above (e)Neither A nor B
(e) A person who completed 100 years of age Q713.
Q707. ICICI provides assistance by way of
Which of the following Rates/Ratio is not covered under (a) long and medium-term loans and equity
the Monetary and Credit policy of the RBI? participation
(a) Bank Rate (b) guaranteeing rupee and foreign currency loans
(b) Repo Rate raised from other sources
(c) Cash Reserve Ratio (c) underwriting issues of shares and debentures
(d) Reverse repo Rate (d) All of the above
(e) Exchange Rate of Foreign Currencies (e) None of the above
Q708. Q714.
Which of the following statements is/are correct? Recently, The Reserve Bank of India (RBI) constituted a
(a) SEBI was established in 1988 15-member inter-regulatory committee to monitor the
(b) It was made a fully autonomous body in 1992 growing phenomenon of shadow banking. Who has been
(c) It regulates the securities market and protect the appointed as the Chairman of this committee?
interests of investors in securities (a) P. Vijaya Bhaskar
(d) All of the above (b) Dindyal Kukreja
(e) None of the above (c) N. Sundaresan
Q709. (d) Ram Nath
Section 131 of Negotiable Instrument Act, 1881 extends (e) None of these
protection to the Q715.
(a) paying banker Who is the newly appointed Managing Director and CEO
(b) collecting banker of MCX-SX?
(c) advising banker (a) Srikant Javlekar
(d) issuing banker (b) Saurabh Sarkar
(e) All of these (c) U.K. Sinha
Q710. (d) Prateep Chowdhary
Co-operative banks in India are registered under (e) None of these
I. Banking Laws (Co-operative Societies) Act, 196 Q716.
5. Scheduled bank means a bank
II. Banking Regulation Act, 194 (a) incorporated under the Companies Act, 1956
9. (b) authorised to transact government business
III. Companies Act, 195 (c) governed by the Banking Regulation Act, 1949
6. Select the correct answer using the codes given below (d) included in the Second Schedule to the Reserve Bank
(a) Only I of India Act, 1934
(b) I and II (e) All of the above
(c) II and III Q717.
(d) I and III Ten-rupee notes contain the signature of
(e) All of these (a) Finance Secretary, GOI
Q711. (b) Chairman, State Bank of India
Why are interest rates charged by Micro Finance (c) Governor, Reserve Bank of India
Institutions (MFIs) higher than lending rates of banks? (d) Finance Minister, GOI
(a) MFIs are not allowed to source deposits from public (e) Prime Minister
(b) Banks have the benefit of cheaper funds Q718.
(c) MFIs borrow bulk of their funds from banks A bank which acts as a banker of other banks is called
(d) MFIs borrow funds from banks at high cost and also (a) saving bank
their administrative expenses are more (b) commercial bank

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(c) investment bank Under which of the following circumstances Reserve
(d) development bank Bank of India (RBI) raised the Repo rate under Liquidity
(e) central bank Adjustment Facility (LAF) from
Q719. 7.75 to 8 per cent in January 2014?
A bank's 'fixed deposit' is also referred to as a 1. Global uncertainty continues to surround the
(a) term deposit prospects for some emerging economies.
(b) savings bank deposit 2. Domestic fragilities getting accentuated.
(c) current deposit 3. Financial market contagion is a clear potential risk.
(d) demand deposit 4. The CPI inflation is expected to be on the upside risk.
(e) home savings deposit Select the answer from the codes given below: Codes:
Q720. (a) 1, 2 and 3
Which of the following products of a bank is specifically (b) 2, 3 and 4
designed to provide financial help to children in their (c) 2, 3 and 4
higher studies in India or in a foreign nation? (d) All of the above
(a) Personal Loan (e) None of these
(b) Corporate Loan Q726.
(c) Educational Loan Imperial Banks were amalgamated and changed as .......
(d) Mortgage Loan (a) Reserve Bank of India
(e) None of these (b) State Bank of India
Q721. (c) Subsidiary Banks
A non-performing asset is . (d) Union Bank of India
(a) Money at call and short notice. (e) Corporation Bank
(b) An asset that ceases to generate income Q727.
(c) Cash balance in till In our country, now a cheque remains valid for payment
(d) Cash balance with RBI for ............ from the date of issue.
(e) Balance with other banks (a) 3 months
Q722. (b) 6 months
Which of the following types of accounts are known as (c) 9 months
‗Demat Accounts‘? (d) 12 months
(a) Accounts which are Zero Balance Accounts (e) 18 months
(b) Accounts which are opened to facilitate repayment of Q728.
a loan taken from the bank. No other business can be In period of depression when the Reserve Bank desires
conducted from there. to encourage the banking system to create more credit it
(c) Accounts in which shares of various companies are (a) reduces the bank rate
traded in electronic form (b) raises the bank rate
(d) Accounts which are operated through internet (c) permits the bank rate to be decided by market forces
banking facility (d) All of these
(e) None to these (e) None of these
Q723. Q729.
When the rate of inflation increases Which of the following rates/ratios is not covered under
(a) purchasing power of money increases the RBI monetary and credit policy?
(b) purchasing power of money decreases (a) Bank rate
(c) value of money increases (b) Exchange rate of foreign currencies
(d) purchasing power of money remains unaffected (c) Repo rate
(e) amount of money in circulation decrease (d) Reverse repo rate
Q724. (e) Cash reserve ratio
Crisis Management Center for women will be open at Q730.
? The co-operative credit societies have a
(a) Delhi (a) two-tier structure
(b) Mumbai (b) three-tier structure
(c) Bangalore (c) four-tier structure
(d) Kolkata (d) five-tier structure
(e) Gurgaun (e) None of these
Q725. Q731.

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Nobel laureate Muhammed Yunus belongs to which of (b) A depository account with any of the Depositories
the following countries? India
(a) Sri Lanka (c) An instrument in the form of depository receipt
(b) Pakistan created by an Indian depository against underlying
(c) Maldives equity shares of the issuing company
(d) Bangladesh (d) An instrument in the form of deposit receipt issued
(e) None of these by Indian depositories
Q732. (e) None of these
As we all have notices, banks these days are giving more Q737.
emphasis on ―Branchless Banking‖. What does this really The bank rate means
mean? ] (a) Rate of interest charged by commercial banks from
(1) Banks will not have many branches as used to be in borrowers
the good old days. Instead, the number of branches will (b) Rate of interest at which commercial banks
be restricted and will conduct only a specified core discounted bills of their borrowers
business. (c) Rate of interest allowed by commercial banks on
(2) Banks will launch/operate many delivery channels their deposits
like ATMs, Mobile Banking/Internet Banking etc so that (d) Rate at which RBI purchases or rediscounts bills of
people are not required to visit a branch for their usual exchange of commercial banks
banking needs. (e) None of these
(3) This means banks will issue only debit or credit cards Q738.
for all types of day-today financial transactions. Who regulates the money circulation in India?
Cheques/ cash payments will not be allowed. (a) State Bank of India
(a) Only (1) (b) Reserve Bank of India
(b) Only (2) (c) NABARD
(c) Only (1) & (2) (d) Commercial Banks
(d) Only (2) & (3) (e) SBI
(e) All (1), (2) & (3) Q739.
Q733. The note-issue system in India is based on
Loans and advances a bank, provides come under which (a) Gold Deposit System
of the following category? (b) Minimum Reserve System
(a) Assets (c) Proportional Reserve System
(b) Liabilities (d) Simple Deposit System
(c) Costs (e) None of the above
(d) All of these Q740.
(e) None of these With a view to improving the performance of RRBs and
Q734. giving more powers and flexibility to their boards in
In any year, real GDP decisionmaking, the Reserve Bank had constituted task
(a) might be greater or less than potential GDP force on empowering the RRB Boards for Operational
(b) will always be greater than potential GDP because of Efficiency. The task force was headed by
the tendency of nations to incur inflamation (a) KG Karmakar
(c) always equals potential GDP (b) SS Tarpore
(d) must always be less than potential GDP (c) Rangarajan
(e) cannot be determined (d) M Narasimham
Q735. (e) None of the above
According to Reserve Bank of India's latest study, which Q741.
one of the following states ranks as the best performing Which programme was instituted to help the farmers
state in most of the key fiscal parameters? across timely and adequently credit?
(a) Gujarat (a) Kissan Credit Card Yojna
(b) Kerala (b) MNREGA
(c) Chhattisgarh (c) RSBY
(d) Odisha (d) Aam Admi Bima Yojna
(e) None of these (e) All of the above
Q736. Q742.
What is an Indian Depository Receipt?
(a) A deposit account with a public Sector Bank

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The money market in India consists of two sectors (c) Extension of Relief Packages to the Farmers
namely the organised and the unorganised sector. Which (d) Plan for opening more rural branches
of the following do not fall under unorganised sector? (e) None of these
(a) RBI, commercial banks and SBI Q748.
(b) LIC and GIC A company which pools money from investors and
(c) Unit Trust of India invests in stocks, bonds and shares is called
(d) Indigenous banks (a) a bank
(e) None of the above (b) an insurance company
Q743. (c) bank assurance
A/Bank/Finaical Organisation these days relies heavily (d) mutual fund
on e-commerce for its transaction. As a part of system (e) None of the above
security, it has introduced the organisation's security Q749.
awareness manual. This step of the organisation can be Which of the following statements is incorrect about
classified under which one of the following categories of negotiable instruments?
measures for a business? (a) Pay A or Order
(a) Preventive (b) Pay to Order to A
(b) Compliance (c) Pay A and B
(c) Corrective (d) Pay A only
(d) Detective (e) Pay Bearer
(e) None of these Q750.
Q744. Under the scheme of Co-operative Agricultural Credit
Which of the following organisations has given a developed in India, the state Co-operative Bank has been
warning to the nations of the world that there may be considered such a vital link that
increased risk to global financial stability in the world? (a) it has been given a status comparable to that of a
(a) World Bank scheduled bank
(b) World Trade Organisation (b) for certain purposes, the central financing agencies
(c) Asian Development Bank have been treated as its branches
(d) International Monetary Fund (c) Both A and B
(e) United Nation Organisation (d) All
Q745. (e)None
Which among the following finance companies has Q751.
received RBI approvals to set up a minimum of 9,000 Which of the following is true?
white label ATMs (WLAs) in the next three years in rural (a) NBFCs can accept deposits from the public
India? (b) NBFCs cannot offer deposit schemes to the public
(a) CMS Finvest Ltd. (c) Deposits of NBFCs are insured with DICGC
(b) SREI Infrastructure Finance Ltd. (d) NBFCs can accept deposits from public if they are
(c) Reliance Capital Ltd. registered and permitted by RBI
(d) Tokyo Finance Ltd. (e) None of these
(e) None of these Q752.
Q746. All of the following are useful options for the
When banks accept fixed sum of money from an government to pursue to bolster foreign exchange
individual for a definite term and pay on maturity with reserves, except to
interest, the deposit is known? (a) impose exchange controls
(a) Term deposit (b) impose export controls
(b) Demand deposit (c) adjust the exchange rate
(c) Bond (d) borrow foreign currencies
(d) Mortagage (e) permit a free floating exchange rate
(e) Advance Q753.
Q747. The most significant feature of ICICI‘s operations is
RBI has asked banks to make a plan to provide banking (a) the foreign currency loans sanctioned by it
services to all villages having a population up to 200 (b) to channelise World Bank Funds to industry in India
0. This directive issued by the RBI will fall in which of the and to build capital market in India
following categories? (c) the refinance facilities extended by it
(a) Plan for Financial Inclusion (d) Both A and B
(b) Efforts to meet the targets of Priority Sector Lending (e) None

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Q754. (b) Public Private Partnership
What is the name of the new scheme announced by the (c) Partial Payment Project
Prime Minister Narendra Modi on Independence Day to (d) Popular Private Project
help the poor in opening bank accounts, which will come (e) Public Private Plan
with the facility of a debit card and an accidental Q761.
insurance cover of Rs. 1 lakh? Banks and other financial institutions in India are
(a) Prime Minister Poor Helping Hand Scheme required to maintain a certain amount of liquid assets
(b) Pradhan Mantri Garibi Hatao Yojana like cash, precious metals and other short-term
(c) Pradhan Mantri Jan Dhan Yojana securities as a reserve all the time. In Banking World this
(d) Prime Minster Poor relief Yojana is known as
(e) None of these (a) CRR
Q755. (b) Fixed Asset
Which is the latest round of NELP unveiled by the (c) SLR
government for the auction? (d) PLR
(a) NELP-IX (e) None of these
(b) NELP-X Q762.
(c) NELP-XI The arrangement under which banks sell insurance
(d) NEP-XIII products acting as the agents of the respective
(e) None of these companies is called the
Q756. (a) Insurance joint venture
‗Unit Banking System‘ is that system where an (b) Bancassurance Model
individual bank undertakes the banking business (c) Hybrid Insurance Model
(a) through a single office (d) Insurance Broking
(b) through a few branches operating within a limited (e) Integrated Model
area Q763.
(c) Both B and C A type of fraud wherein criminals use an innocent
(d) All of the above person's details to open or use an account to carry out
(e) None of the above financial transactions is known as
Q757. (a) identity theft
Interest payable on savings bank accounts is (b) hacking
(a) not regulated by RBI. (c) money laundering
(b) regulated by State Governments. (d) espionage
(c) regulated by Central Government (e) phishing
(d) regulated by RBI. Q764.
(e) regulates by Finance Minister. Annual PPF ceiling to be enhanced to from Rs 1
Q758. lakh
The Reserve Bank of India was set-up on the (a) Rs. 1.5 lakh
recommendations of the (b) Rs. 2 lakh
(a) Narasimham Committee (c) Rs. 3 lakh
(b) Hilton-Young Commission (d) Rs. 3.5 lakh
(c) Mahalanobis Committee (e) none of these
(d) Fazal Ali Commission Q765.
(e) None of the above The RBI Expert Committee to revise and strengthen the
Q759. monetary policy framework is headed by
Who will settle the grievances of customers of banks? (a) Dr. Urjit R. Patel Committee
(a) Reserve Bank of India (b) Suresh Mathur Panel
(b) State Bank of India (c) Vijay Kelkar Committee
(c) Local Courts (d) Shah Nawaz Committee
(d) Ombuds Men (e) None of these
(e) Governor of RBI Q766.
Q760. When was Imperial Bank was changed as State Bank of
Many times we see in newspapers that some projects India?
are launched by the Govt authorities on ‗PPP‘ basis. What (a) 1st January, 1935
is the full form of ‗PPP‘? (b) 26th February, 1947
(a) Preferential Payment Plan (c) 1st July, 1955

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(d) 1st July, 1959 Many times we read a term CBS used in banking
(e) 26th February, 1955 operation. What is the full form of the letter ‗C‘ in the
Q767. term ‗CBS‘?
‗Nomination‘ for a Deposit account in the bank means (a) Core
(a) mandate given by the close relative(s) of the (b) Credit
depositor, to settle the death claim in case of death of the (c) Continuous
depositor (d) Complete
(b) mandate decided by the bank to settle the death (e) None of these
claim of its depositor Q773.
(c) mandate of the depositor in favour of one or more Which of the following products of a bank is specifically
persons, to claim the amount on death of the depositor designed to provide financial help to children in their
(d) mandate of the depositor in favour of a close relative higher studies in India or in a foreign nation?
who can claim the amount on death of the depositor (a) Personal loan
(e) court order instructing the banks to settle the death (b) Corporate loan
claim of its depositor (c) Educational loan
Q768. (d) Mortgage loan
For the performance of its duties as the regulator of (e) None of these
credit, the Reserve Bank of India possesses the usual Q774.
instruments of general credit control, viz. Which of the following is not included in National
(a) bank rate Income Accounts?
(b) open market operation (a) Second hand goods
(c) the power to vary the reserve requirement of banks (b) Transaction in stock markets
(d) All of these (c) Transfer payments
(e) None of these (d) All of the above
Q769. (e) None of the above
Under provisions of which one of the following Acts does Q775.
the RBI issue directives to the Banks in India? The Reserve Bank of India has power to print currency
(a) RBI Act notes of up to Rs. ?
(b) Banking Regulation Act (a) 1,000
(c) Essential Commodities Act (b) 5,000
(d) RBI and Banking Regulation Act (c) 10,000
(e) None of the above (d) 15,000
Q770. (e) None of these
The sponsor bank helps and aids the RRB sponsored by Q776.
it, by What is Call Money?
I. subscribing to its share capital. (a) Money borrowed or lent for a day or overnight
II. training its personnel. (b) Money borrowed for more than one day but up to 3
III. providing managerial and financial assistance during days
the first 5 years or extended period. Select the correct (c) Money borrowed for more than one day but up to 7
answer using the codes given below days
(a) I and II (d) Money borrowed for more than one day but up to 14
(b) II and III days
(c) I and III (e) None of these
(d) All of these Q777.
(e) None of these The stance of RBI monetary policy is
Q771. (a) inflation control with adequate liquidity for growth
Which of the following will set up core banking (b) improving credit quality of the Banks
infrastructure for rural banks? (c) strengthening credit delivery mechanism
(a) SIDBI (d) supporting investment demand in the economy
(b) IBA (e) Any of the above
(c) RBI Q778.
(d) SBI When was Reserve Bank of India established?
(e) NABARD (a) 1920
Q772. (b) 1925
(c) 1935

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(d) 1948 (d) All of these
(e) 1968 (e) None of these
Q779. Q785.
The Indian rupee is a Which of the following is the largest bank in the world in
(a) taken coin terms of market capitalization?
(b) standard-token coin (a) China Construction Bank
(c) standard coin (b) Industrial & Commercial Bank of China
(d) gold coin (c) Wells Fargo & Co
(e) None of the above (d) Bank of America
Q780. (e) None of these
Onthe current account,balancesmaintained by the Q786.
Regional Rural Banks (RRBs) with them, the commercial Which one of the following whose activities are not
banks may systematically coordinated by the monetary authority?
(a) pay interest up to 9% I. Organised sector
(b) waive incident charges II. Unorganised sector
(c) pay interest as applicable to savings accounts III. Co-operative sector Select the correct answer using
(d) pay interest as such rates as may be mutually agreed the codes given below
to (a) Only II
(e) All of the above (b) I and III
Q781. (c) Only I
The majority stake of subsidiaries of NABARD is held by (d) II and III
(a) SBI (e) Only III
(b) RRB Q787.
(c) RBI The rate of interest on Savings Bank Account is
(d) Co-operative Bank stipulated by
(e) PNB (a) The concerned bank
Q782. (b) RBI
Currently, banks claim that they have achieved 100% (c) Indian Banks Association
CBS. What are they referring to? (d) Government of India
(a) It means all their branches are technology driven (e) Banking Codes and Standards Board of India
with core banking solutions Q788.
(b) It suggests complete banking services Which of the following rates is not decided by RBI?
(c) It is an indication of customised banking services (a) Bank rate
(d) All of the above (b) Repo rate
(e) None of the above (c) Reverse Repo rate
Q783. (d) Base rate
Very often we see in the advertisements published by (e) Cash Reserve Ratio
Financing Institutes/Agencies stating the their products Q789.
are given high or average Ratings. These Rating Agencies Which of the following is not a negotiable instrument?
classify bonds/investments into how many categories? (a) Promissory note
(a) Only (1) (b) Bill of exchange
(b) Only (2) (c) Cheque
(c) Only (3) (d) Bank draft
(d) All (1), (2) & (3) (e) Share certificate
(e) None of these Q790.
Q784. Central Co-operative Banks
Consider the following statements: (a) occupy a crucial importance in the cooperative credit
I. IMF and World Bank both are Bretton Wood heir. structure
II. World Bank provides long-term loan for promoting (b) form an important link between the State co-
balanced economic development. operative bank at the apex and the primary agricultural
III. IMF provides loans to eliminate BoP disequilibrium. credit societies at the base
Which of the statements given above are correct? (c) are closer to the primary societies than an Apex Bank
(a) I and II could be one
(b) II and III (d) None of the above
(c) I and III (e) All of the above

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Q791. (d) RBI is the sole authority to issue and manage
The Narasimham Committee II was setup to suggest currency India.
some recommendations for improvement in the (e) None of these
(a) efficiency and productivity of the financial institution Q798.
(b) banking reform process IRDA with its headquarters at ............. is the Regulatory
(c) export of IT sector Authority for all insurance companies in India including
(d) fiscal reform process the Life Insurance Corporation of India.
(e) None of these (a) Hyderabad
Q792. (b) Bengaluru
Balance of trade of a country is equivalent to (c) Mumbai
(a) difference between the inward and outward (d) Delhi
remittances made in foreign exchange. (e) Chandigarh
(b) surplus generated shown in a trading account. Q799.
(c) difference between exports and imports. Who introduced the Banking Ombudsmen Scheme?
(d) All of the above (a) ARBI
(e) None of the above (b) SBI
Q793. (c) Ministry of Finance
In the State of India, the State Financial Corporation (d) NABARD
have given assistance mainly to develop (e) None of these
(a) agricultural farms Q800.
(b) cottage industry Which amongst the following organizations make major
(c) large-scale industries credit policies for the Regional Rural Banks (RRBs)?
(d) medium and small-scale industries (a) NABARD
(e) None of the above (b) Asian Development Bank
Q794. (c) World Bank
Who took over as the fourth Deputy Governor of the (d) State Bank of India
Reserve Bank of India (RBI) during July 2014? (e) None of these
(a) Subhash Sheoratan Mundra Q801.
(b) Dr. Subir Gokarn In a Poverty Pyramid index, which of the following
(c) Anand Sinha segments of population faces the highest poverty risk?
(d) Urjit R. Patel (a) Formal Wage Employment
(e) None of these (b) Informal Self-Employment: Employers
Q795. (c) Regular Informal Wage Employment
Which of the following committee is associated with the (d) Informal Self Emloyment Own Account
review of Insider Trading Regulations? (e) Casual Informal Wage Employment and Domestic
(a) Sodhi Committee Work
(b) Sinha Committee Q802.
(c) Tarapore Committee Which one of the following is not a 'Money Market
(d) Chandrashekhar Committee Instrument'?
(e) None of these (a) Treasury Bills
Q796. (b) Commercial Paper
Savings account with zero balance can be opened for (c) Certificate of Deposit
(a) persons of high net worth (d) Equity Shares
(b) employees of IT companies (e) None of these
(c) weaker sections of society Q803.
(d) women customers The part of a company's earnings or profits which are
(e) None of the above paid out to shareholders is known as
Q797. (a) capital gains
Which of the following is a correct statement? (b) taxes
(a) SBI is the sole authority to issue and manage (c) interest on borrowings
currency in India (d) dividends
(b) A nationalised bank is the sole authority to issue and (e) penal interest
manage currency in India. Q804.
(c) A cooperative bank is the sole authority to issue and In the recent Union Budget 2014-15, Agriculture
manage currency in India. University will be set up in ?

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(a) Haryana & Punjab (a) scheduled commercial banks
(b) Uttar Pradesh & Bihar (b) subsidiaries of the sponsor banks
(c) Gujarat & Maharashtra (c) subsidiaries of NABARD
(d) Andhra Pradesh & Rajasthan (d) All of the above
(e) None of these (e) None of the above
Q805. Q811.
RBI appointed a Committee to Review Governance of For which of the following reasons, NABARD has set up
Boards of Banks in India chaired by P.J. Nayak would joint liability groups (JLG) of farmers?
1. review the regulatory compliance require-ments of (a) To facilitate delivery of credit to farmers
banks' boards in India. (b) To facilitate better delivery of credit to farmers
2. judge what can be rationalised and where through informal sources
requirements need to be enhanced. (c) To facilitate better delivery of credit to share
3. examine the working of banks‘ boards. croppers and those who do not have their own land
4. analyse the representation on banks‘ boards. Select (d) To facilitate better delivery of credit to farmers
the answer from the codes given below: Codes: through Panchayats
(a) 1, 2 and 3 (e) None of these
(b) 2, 3 and 4 Q812.
(c) 1, 3 and 4 Which of the following terms is NOT used in banking?
(d) All of the above (a) Debit Card
(e) None of these (b) Credit Card
Q806. (c) Kisan Card
The first wholy Indian Bank was set-up in (d) ELISA Test
(a) 1794 (e) None of these
(b) 1894 Q813.
(c) 1896 Which of the following is a payment and settlement
(d) 1902 system used by the banks in India?
(e) 1918 (a) Liquidity adjustment facility
Q807. (b) Real time gross settlement
New private banks are being given licences since (c) Forward rate agreements
(a) 1991 (d) Central depository service
(b) 1992 (e) Negotiated dealing system
(c) 1993 Q814.
(d) 1995 Which of the following sectors makes maximum
(e)(d) 2001 contribution to the national income of India?
Q808. (a) Services
The currency notes issued by RBI have a cent percent (b) Agriculture
cover in (c) Industry
(a) approved assets (d) Both B and C
(b) gold (e) None
(c) foreign exchange Q815.
(d) trustee securities The RBI has recently decided to withdraw from
(e) None of these circulation of currency notes that had been issued
Q809. before ?
Which one of the following tools is used by RBI for (a) 2004
selective credit control? (b) 2006
(a) It advises banks to lend against certain commodities (c) 2005
(b) It advises banks to recall the loans for advances (d) 2008
against certain commodities (e) None of these
(c) It advises banks to charge higher rate of interest for Q816.
advance against certain commodities. Many a time we read a term 'SEPA' in financial
(d) It discourages certain kinds of lending by assigning newspapers. What is the full form of the term?
higher risk weights to loans it deems undesirable. (a) Single Exchange Processing Agency
(e) None of the above (b) Single Euro Payments Area
Q810. (c) Single Electronic Processing Agency
Regional Rural Banks (RRBs) are classified as (d) Super Electronic Purchase Agency

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(e) None of these (d) Promotion of the concept of easy credit to all with a
Q817. guaranteed subsidy from the Govt
Capital Market Regulator is (e) Granting of operational autonomy to public sector
(a) RBI banks and allowing them to raise capital from the open
(b) IRDA market.
(c) NSE Q824.
(d) BSE The IMF and the World Bank were conceived as
(e) SEBI institutions to
Q818. (a) strengthen international economic cooperation and
When was Reserve Bank of India Nationalised? to help create a more stable and prosperous global
(a) 1947 economy
(b) 1948 (b) IMF promotes international monetary cooperation
(c) 1949 (c) The World Bank promotes long-term economic
(d) 195 development and poverty reduction
(e) 1960 (d) All of the above
Q819. (e) None of the above
The currency notes are issued by the Reserve Bank of Q825.
India under the signature of Recently, RBI has proposed setting up of a trade
(a) Executive Director Receivables and credit exchange (TCE) for financing ?
(b) Deputy Governor (a) Regional Rural Banks
(c) Governor (b) Micro, Small and Medium Enterprises
(d) Secretary (c) Public Sector Banks
(e) None of the above (d) Non-banking Financial Corporations
Q820. (e) None of these
Paid-up share capital of Regional Rural Bank (RRB) is Q826.
contributed by Which one of the following dominate the organised
(a) Central Government sector?
(b) State Government (a) RBI
(c) Central Government, State Government and the (b) Commercial Bank
Sponsor Commercial Bank in the ratio of 50: 15: 35 (c) Co-operative Bank
respectively (d) RRBs
(d) NABARD, the concerned State Government and the (e) SBI
Sponsor Commercial Bank in the ratio of 60: 20: 20 Q827.
respectively Banks borrow money from the RBI on which of the
(e) All of the above following rates?
Q821. (a) Reverse Repo Rate
Regional Rural Banks were set-up with (b) Repo Rate
(a) Reserve Bank of India Act (c) SLR
(b) Regional Rural Banks Act, 1976 (d) CRR
(c) NABARD Act (e) Saving Rate
(d) HDFC Bank Act Q828.
(e) None of the above Which of the following is the Central Bank of the
Q822. country?
Opening of maximum number of ATMs is an example of (a) RBI
(a) indirect marketing (b) SBI
(b) direct marketing (c) RRB
(c) social marketing (d) NABARD
(d) All of these (e) None of these
(e) None of these Q829.
Q823. Which of the following is not the essential requirement
Which of the following is/was NOT included in the for the endorsement as per Negotiable Instrument Act,
agenda set for the Banking Reforms in India? 1881?
(a) Dismantling of administered interest rates (a) It should be on the instrument
(b) Measures to strengthen risk management (b) It should be made by the holder or the maker
(c) Promulgation of SARFAESI Act

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(c) Signatures should be in ink and not by pencil or Q834.
rubber stamp On 20 August 2014 the Finance Ministry ordered a
(d) It should contain unconditional order forensic audit to be done at the branches of two banks in
(e) The endorser should sign the endorsement in the view of the reports of misappropriation of funds worth
same style and with the same spellings as written in the Rs. 436 crore. Which two banks are involved in this
instrument matter?
Q830. (a) Allahabad bank and Dena Bank
The State Co-operative Bank, being the Apex Bank at the (b) Dena Bank and Oriental Bank of Commerce (OBC)
state level (c) Punjab National Bank and Punjab Sindh Bank
(a) operates as a balancing centre for the movement of (d) Union Bank of India and Oriental Bank of Commerce
the resources in the entire state (OBC)
(b) acts as the custodian of the surplus resources and the (e) None of these
reserves of the central co-operative banks and Q835.
supplements them by attracting sizeable deposits and by World Economic Situation and Prospects Report is
obtaining loans from RBI. associated with:
(c) provides the link between the RBI and the money (a) IMF
market on one hand and the entire co-operative credit (b) World Bank
structure, on the other (c) United Nations
(d) All of the above (d) WTO
(e) None of the above (e) None of these
Q831. Q836.
Which of the following steps is taken for financial Which of the following is not a public sector bank?
inclusion in India? (a) State of Hyderabad
(a) The expansion of network of cooperative banks to (b) Central Bank of India
provide credit to agriculture and saving facilities in rural (c) Regional Rural Bank
areas (d) HDFC Bank
(b) Nationalisation of banks in 1969 and expansion of (e) None of the above
branches Q837.
(c) Creation of an elaborate framework of priority sector Which of the following states became the first state in
lending with mandated targets as part of a strategy to the country to launch RBI,s e-payment system for
meet the savings and credit needs of large sections of the commercial tax payers?
Indian population, who had no access to institutional (a) Andhra Pradesh
finance (b) Kerala
(d) All of the above (c) Gujrat
(e) None of these (d) Maharashtra
Q832. (e) Karnataka
With regard to the Export Policy of the Government of Q838.
India, which of the following statements is correct? Which of the following is/are key policy rates used by
(a) All commodities can be exported without licence RBI to influence interest rates?
(b) Export licenses are required for only a few items I. Bank rate and repo rate
(c) Export licenses are required for all items II. Reverse repo rate
(d) All of the above III. CRR and SLR Select the correct answer using the
(e) None of the above codes given below
Q833. (a) Only I
The services provided by merchant bankers includes (b) Only II
I. management of mutual funds. (c) Only III
II. public issues. (d) All of these
III. dealing with the corporate clients and advising them (e) None of these
on various issues. Select the correct answer using the Q839.
codes given below When was Ombuds Men Scheme first introduced?
(a) Only I (a) November 2006
(b) I and II (b) October 1981
(c) II and III (c) June 1995
(d) All of these (d) January 1998
(e) None of these (e) July 1996

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Q840. 3. The monetary policy decision should be vested in the
Which of the following is not true about the National hands of the Monetary Policy Committee (MP(c) that will
Rural Employment Guarantee Act (NREGA)? be headed by the Governor.
(1) NREGA was enacted first to provide job to rural 4. Not to detach Open Market Operations (OMOs) from
people only but now people in urban areas can also avail the fiscal operations and instead linked solely to the
the jobs under it. liquidity management. Select the answer from the codes
(2) NREGA is applicable in all districts of the country given below: Codes:
now. (a) 1, 2 and 3
(3) NREGA initially provided 100 days job but now the (b) 2, 3 and 4
number of days has been increased to 15 (c) 1, 3 and 4
0. (d) All of the above
(a) Only (1) (e) None of these
(b) Only (2) Q846.
(c) Only (3) When was SBI established?
(d) All (1), (2) & (3) (a) 1st April, 1935
(e) None of these (b) 31st July, 1969
Q841. (c) 5th May, 1955
Which of the following acts is specially launched to (d) 1st July, 1955
facilitate banks in recovery of bad loans? (e) 5th May, 1960
(a) RBI Act Q847.
(b) Banking Regulation Act Crossing of cheques makes them
(c) Companies Act (a) invalid document
(d) Income Tax Act (b) ineligible to endorse to person other than the payee
(e) SARF AESI Act (c) remain the same in all respect, it is only a practice
Q842. (d) eligible for payment irrespective of sufficient balance
Which one of the following is a retail banking product? in the account
(a) Home Loans (e) ineligible to get cash across the bank counter
(b) Working capital finance Q848.
(c) Corporate term loans Which of the following do not fall within the functions of
(d) Infrastructure financing the Reserve Bank of India?
(e) Export Credit (a) Regulation of currency
Q843. (b) Control of credit
The term 'Smart Money" refers to . (c) Banker of the government, banker‘s bank and lender
(a) Foreign Currency of the last resort
(b) Internet Banking (d) Accepting deposits and making loans and advances
(c) US Dollars to public
(d) Travelers' cheques (e) None of the above
(e) Credit Cards Q849.
Q844. Under provisions of which one of the following Acts has
The union government has announced a nationwide the Reserve Bank of India has the power to regulate,
scheme ―Rashtriya Gokul Mission‖ which aims to supervise and control the banking sector?
(a) Eliminate diseases of cattle (a) RBI Act
(b) Increase milk production (b) Banking Regulation Act
(c) Curb slaughtering of cattle (c) Negotiable Instruments Act
(d) Protect the indigenous breed of cows (d) RBI and Banking Regulation Act
(e) None of these (e) None of the above
Q845. Q850.
Which of the following are the recommendations of the Which of the following agencies/ organisations in India
RBI Expert Committee to revise and strengthen the maintains the Micro Finance Development and Equity
monetary policy framework? Fund which was in news recently?
1. It recommended that a new Consumer Price Index (a) Confederation of Industries in India (CII)
(CPI) should be adopted by Reserve Bank of India (RBI) (b) Indian Bank‘s Association (IBA)
to anchor the monetary policy. (c) Small Industries Development Bank of India (SIDBI)
2. The committee has also set an inflation target at 4 (d) Reserve Bank of India (RBI)
percent with a band of plus/ minus 2 percent around it.

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(e) National Bank for Agriculture and Rural (e) None of these
Development (NABARD) Q857.
Q851. Which of the following is the regulator of the credit
Loansofsmallorverysmallamountsgivento low-income- rating agencies in India?
group people are known as (a) RBI
(a) Investment Loans (b) SBI
(b) Micro Credit (c) SIDBI
(c) Saving loans (d) SEBI
(d) Secured loans (e) None of these
(e) Cash credit loans Q858.
Q852. Generally, the minimum rate below which the banks do
Expand the term SWIFT. not lend is known as
(a) Society for Worldwide International Financial (a) floor rate
Telecommunications (b) repo rate
(b) Society for Worldwide Interbank Financial (c) highest rate
Telecommunication (d) base rate
(c) Society for Worldwide International Financial (e) All of the above
Transfers Q859.
(d) Society for Worldwide Interbank Fiscal The approved assets against which currency notes are
(e) None of these issued by RBI comprise of
Q853. (a) gold coin and billion and rupee coin
Bridge loans refer to (b) foreign securities and Government of India rupee
(a) loans granted to construction companies for securities of any maturity
construction of bridges (c) bills of exchange and promissory notes payable in
(b) loan granted to PWD for construction of bridges over India which are eligible for purchase by RBI
rivers (d) All of the above
(c) interim finance allowed by banks to their customers, (e) None of the above
pending disbursement of term loans by financial Q860.
institutions For the purpose of Income Tax Act, 1961, the Regional
(d) loan granted to railway for construction of bridges rural banks (RRBs) are treated as
(e) None of these (a) scheduled commercial banks
Q854. (b) non-scheduled banks
Inflation can defined as (c) nationalised banks
(a) a persistent rise in general price level (d) co-operative banks
(b) a persistent fall in general price level (e) None of the above
(c) an increase purchasing power Q861.
(d) increase in value of money Regional Rural Banks carry on normal banking business
(e) decrease in money as defined in
Q855. (a) Reserve Bank of India Act
India on 2 January 2014 has signed a credit agreement (b) Banking Regulation Act, 1949
of 160 million dollar with World Bank for the (c) Regional Rural Bank Act, 1949
modernization of (d) Companies Act, 1956
(a) Uttar Pradesh Road Sector (e) None of the above
(b) Rajasthan Road Sector Q862.
(c) Bihar Road Sector Telebanking service is based on
(d) West Bengal Road Sector (a) virtual banking
(e) None of these (b) online banking
Q856. (c) voice banking
What is Forex? (d) core banking
(a) It is buying of foreign currency. (e) None of these
(b) It is selling of foreign currency. Q863.
(c) It is buying of one currency and selling of another One of the major emphasis of Basel II is that banks
currency. should have –––– .
(d) It is simultaneous buying of one currency and selling (a) adequate Capital Adequacy Ratio
of another currency. (b) only few branches in urban centres

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(c) more and more branches in rural areas Which of the following year marked the beginning of the
(d) core banking mode of operation history of agricultural cooperative banks in India?
(e) all the above to comply with Basel II norms (a) 1904
Q864. (b) 1905
As per the reports published by the World Bank, what (c) 1906
percentage of Indian population lives below the new (d) 1907
International Poverty Line? (e) 1908
(a) 30% Q871.
(b) 62% The financial assistance of loans of Rs. 10000 by bank to
(c) 52% a small borrower will be called
(d) 42% (a) business finance
(e) 68% (b) government finance
Q865. (c) micro finance
Which among the following is the largest foreign bank (d) small finance
operating in India in terms of asset base? (e) KYC finance
(a) Stanchart Q872.
(b) HSBC In India, which of the following agencies is responsible
(c) Citibank for announcing the Foreign Trade Policy?
(d) DBS (a) RBI
(e) None of these (b) EXIM Bank
Q866. (c) Foreign Ministry
National Saving Scheme (NSS-922) has been closed by (d) Industry and Commerce Ministry
the government since (e) None of the above
(a) 1st November, 1999 Q873.
(b) 1st November, 2000 Which was the first mutual fund started in India?
(c) 1st November, 2001 (a) SBI Mutual Fund
(d) 1st November, 2002 (b) Indian Bank Mutual Fund
(e) 1st November, 2003 (c) Kotak Pioneer Mutual Fund
Q867. (d) Unit Trust of India
Banking and financial services all over the world are (e) None of the above
regulated usually by the Monetary Authority of the land. Q874.
Who controls this function in India? Which international finance entity launched a $
(a) Ministry of Finance 2.5-billion onshore Indian rupee bond programme
(b) SEBI recently so as to strengthen the capital market and
(c) RBI support infrastructure development in India?
(d) IRDA (a) International Union for Housing Finance (IUHF)
(e) FEDAI (b) International Finance Corporation (IFC)
Q868. (c) International Finance Organisation (IFO)
Bank rate as fixed by RBI, means (d) Public Finance International (PFI)
(a) rate of interest charged by banks from borrowers (e) None of these
(b) rate of interest on bank deposits Q875.
(c) rate of interest charged by RBI on its loans to banks Nachiket Mor committee has submitted its
(d) rate of interest on inter-bank loans recommendations which are related to:
(e) None of the above (a) Insider Trading
Q869. (b) Financial Inclusion
Under the Negotiable Instrument Act, 1881, an (c) Micro Financing
instrument which is incomplete in some respects, is (d) Macro Financing
called a/an (e) None of these
(a) foreign instrument Q876.
(b) inland instrument In economics, it is generally believed that the main
(c) inchoate instrument objective of a public sector financial company like bank
(d) ambiguous instrument is to
(e) fictitious instrument (a) employ more and more people
Q870. (b) maximise total profits
(c) maximise total production

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(d) sell the goods at subsidised cost Q883.
(e) All of these In recent years it has been recognized increasingly that
Q877. a large segment of the rural population is out of the
Reverse Repo is a tool used by RBI to reach of the formal banking services. Which of the
(a) inject liquidity following is the name of the concept floated to bring
(b) absorb liquidity most of these rural persons in the net of financial and
(c) increase the liquidity with banking system banking services?
(d) to keep the liquidity at one level (a) Corporate Governance
(e) None of the above (b) Financial Inclusion
Q878. (c) Wealth Creation
Which of the following rates signals the RBI‘s long-term (d) Credit Management
outlook on interest rates? (e) Risk Management
(a) Repo rate Q884.
(b) Reverse repo rate The Reserve Bank of India is planning to launch a new
(c) Bank rate category of banks called D-SIB. What does D-SIB stands
(d) SLR for
(e) CRR (a) Domestic Systematically Important Banks
Q879. (b) Domestic Saving & Investment Banks
Traveller‘s cheques are valid for .......... (c) Domestic Synchronised Important Banks
(a) Three months (d) Domestic Synchronised Improvised Banks
(b) Six months (e) None of these
(c) One year Q885.
(d) No limit are valid till encashed Which of the following organizations is selected by the
(e) None of the above RBI for issuing globally compatible Legal Entity
Q880. Identifiers (LEIs)?
Which of the following schemes is/are now the part of (a) Industrial Credit and Investment Corporation of
the National Rural Employment Guarantee Act (NREGA)? India (ICICI)
] (b) Clearing Corporation of India Ltd (CCIL)
1. pardhan mantra gram sadak yojna (c) Housing Development Finance Corporation (HDF
2. national food for work programme (d) Security and Exchange Board of India (SEBI)
3. sampooran grameen rojgar yojna (e) None of these
(a) Only (1) Q886.
(b) Only (2) The origin of the State Bank of India goes back to the
(c) Both (2) & (3) first decade of the 19th century with the establishment
(d) All (1), (2) & (3) of
(e) None of these (a) Bank of Calcutta
Q881. (b) Bank of Bengal
Non-performing assets are cause for serious concerns (c) Bank of Bombay
for banks. Why are these loans known as non- (d) Bank of Madras
performing? (e) None of these
(a) Recovery of bank‘s funds are difficult Q887.
(b) Interest on these accounts are not charged When a bank dishonors a cheque.
(c) Banks have to make provision for these loans in their (a) it is called settlement of the cheque
balance sheet (b) it is called withdrawing of the cheque
(d) All of the above (c) it is called nullifying of the cheque
(e) None of the above (d) it is called truncating of the cheque
Q882. (e) it is called return of the cheque unpaid
Banks in India are required to maintain a portion of Q888.
their demand and time liabilities with the Reserve Bank Which of the following are the main functions of the
of India. This portion is called . Reserve Bank of India?
(a) Statutory Liquidity Ratio (a) Granding licences to commercial banks for opening
(b) Cash Reserve Ratio branches in rural areas
(c) Bank Deposit (b) Accepting deposits from the public
(d) Reserve Repo (c) Regulating foreign exchange business
(e) Government Securities

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(d) Acting as note issuing authority, bankers‘ bank and (c) increase in the price of raw material
banker to the government (d) increase in indirect tax
(e) None of the above (e) decrease in cost of production
Q889. Q895.
As we all know, the Bank Rate at present is fixed at 6%. Which institution has been recognized by RBI recently
What does it mean in context to the banking operations? to act as local operating unit for issuing globally
(a) No bank will be able to give loan to any patron at a compatible legal entity identifiers (LEI) in India?
rate lower than the Bank Rate. (a) FICCI
(b) Bank should give loan to their priority sector (b) India Inc
customers/borrowers at the rate of 6% only. They (c) Clearing Corporation of India Ltd.
cannot charge less or more than this from their priority (d) Financial Stability Board
sector clients. (e) None of these
(c) Banks are required to invest 6% of their total capital Q896.
on financial inclusion and inclusive banking operations. Which of the following is not a part of the scheduled
(d) Banks will be required to give 6% of their total banking structure in India?
deposits to the Govt. of India for meeting its Balance of (a) Money Lenders
Trade requirements. (b) Public Sector Banks
(e) None of the above (c) Private Sector Banks
Q890. (d) Regional Rural Banks
Each of the RRBs covers districts ranging from (e) State Co-operative Banks
(a) 1 to 15 Q897.
(b) 2 to 25 The recent decisionZ of the RBI to cut Cash Resereve
(c) 3 to 25 Ratio (CRR) by 150 basis points (October 2008) will be
(d) 2 to 15 able to infuse how much liquidity into the market?
(e) 1 to 5 (a)Rs. 10,000 crores
Q891. (b) Rs. 30,000 crores
Which of the following is the full form of KCC as used in (c) Rs. 40,000 crores
the agriculture sector? (d) Rs. 50,000 crores
(a) Kisan Credit Card (e) None of these
(b) Kisan Credit Company Q898.
(c) Knowledge Credit Corporation SEBI, a regulator of securities market in India was
(d) Konkan Credit Corporation established in the year 1988, but was empowered with
(e) None of these statutory Powers in the form of Act in the year
Q892. (a) 1990
Which of the following is known as Plastic Money? (b) 1991
(1) Demand Draft (c) 1992
(2) Credit Card (d) 1993
(3) Debit Card (e) None of these
(a) Only (1) Q899.
(b) Only (2) Who is the final authority for deciding the design, form
(c) Only (3) and material of bank notes?
(d) Both (2) and (3) (a) Central Government
(e) All (1), (2) and (3) (b) Reserve Bank of India
Q893. (c) Indian Banks Association
The right to retain possession only of those goods in (d) Note Issuing Authority of India
respect of which the dues have arisen is called (e) None of the above
(a) particular lien Q900.
(b) general lien With a view to increase their resource base, RRBs have
(c) right of set off been permitted to
(d) All of these (a) issue of credit/debit cards and settingup of ATMs
(e) None of these (b) open currency chests
Q894. (c) handle pension and other government business as
Reason for cost push inflation is sub-agents of those banks which are authorised to
(a) increase in wage rate conduct government business
(b) increase in interest rate (d) Both A and B

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(e) All of the above
Q901. 1. Unit Fund
Regional Rural Banks are classified under B. Industrial Sector
(a) Land Developments Banks
(b) Co-operative Banks 2. Enacted by Parliament in 1976
(c) Commercial Banks C. Unorganised Sector
(d) Public Sector Banks
(e) None of the above 3. NABARD
Q902. D. RRB
The best alternative banking service to branch banking
to be the part of financial inclusion?
(a) Establishment of small branches
(b) Set-up ATMs 4. Public Issue
(c) Issuing of ATM cards Codes: A B C D
(d) Giving credit cards (a) 3 4 1 2
(e) Mobile banking (b) 4 3 2 1
Q903. (c) 1 2 3 4
WhichofthefollowingisNOTaGovernment of India (d) 3 2 4 1
undertaking? (e) 2 3 1 4
(a) Oil India Ltd. Q907.
(b) Sutlej Jal Vidyut Nigam Ltd. Which of the following is/are the objective(s) of our
(c) ICICI Bank monetary policy?
(d) National Thermal Power Corporation Ltd. (1) To anchor inflation expectations
(e) Rural Electrification Corporation Ltd. (2) To actively manage liquidity
Q904. (3) To maintain interest rate regime consistent with
What is the number of member states in the World price output and financial stability
Trade Organisation? (a) Only (1)
(a) 144 (b) All (1), (2) & (3)
(b) 148 (c) Both (1) & (3)
(c) 150 (d) Only (2)
(d) 146 (e) None of these
(e) 170 Q908.
Q905. Open market operations, one of the measures taken by
Consider the following statements: RBI in order to control credit expansion in the economy,
1. The Reserve Bank of India (RBI) on 2 April 2014 means
granted in-principle approvals to IDFC Ltd and Bandhan (a) sale or purchase of government securities
Financial Services Pvt. Ltd to start new banks in India. (b) issuance of different types of bonds
2. These approvals have been granted under the (c) auction of gold
guidelines on licensing of new banks in the public sector. (d) to make available direct finance to borrowers
3. The two have been granted the permission to set-up (e) None of the above
banks from a field of 25 aspirants. Which of the Q909.
statements given above is/are correct? Which of the following acts helps a bank in its day-to-
(a) 1 only day activities?
(b) 1 and 2 only (a) Competition Act
(c) 1 and 3 only (b) Negotiable Instruments Act
(d) 1, 2 and 3 (c) Hindu Marriage Act
(e) None of these (d) Hindu Succession Act
Q906. (e) NRI Act
Match the following: Q910.
List I Which of the following Co-operative Banks is considered
as the first Co-operative Bank in India?
(a) Greater Bombay Co-operative Bank Limited
(b) Abhyudaya Co-operative Bank Limited
List II (c) Ahmedabad Mercantile Co-operative Bank Limited
A. Agricultural Sector (d) Amanath Co-operative Bank Limited

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(e) Anyonya Co-operative Bank (a) It is a rate at which RBI sell government securities to
Q911. banks
Co-operative development bank was set-up by (b) It is a rate at which RBI buys government securities
(a) NABARD from banks
(b) RBI (c) It is a rate at which RBI allows small loans in the
(c) SBI market
(d) Central Government (d) It is a rate which is offered by Banks to their most
(e) None of these valued customers or prime customers
Q912. (e) None of the above
The balance of trade is given by Q918.
(a) income receipts minus income payments on Proposals for setting up of new banks are under active
investments consideration. Which organisation gives the permission?
(b) the balance of unilateral transfers (a) RBI
(c) merchandise exports plus service exports minus the (b) Indian Banks Association
sum of merchandise and service imports (c) Finance Ministry
(d) merchandise exports minus merchandise imports (d) Cabinet Committee on Economic Affairs
(e) the balance on current account (e) None of the above
Q913. Q919.
Which of the following mobilise (s) the savings of the Money laundering normally involved
public to specifically invest in the industrial securities? (a) placement of funds
(a) U T I (b) layering of funds
(b) L I C (c) integrating of fund
(c) G I C (d) All of these
(d) All of these (e) None of these
(e) None of these Q920.
Q914. Micro credit or micro finance is a novel approach to
What is the name of the ambitious e-governance project banking with the poor. In this approach bank credit is
of the Union Govt., which was approved by the Union extended to the poor through
Cabinet recently and which aims to ensure that (a) Self Help Groups
government services are available to citizens (b) Anganwadis
electronically? (c) Cooperative Credit Societies
(a) Digital India Project (d) Reserve Bank of India
(b) Adhunik Bharat Project (e) Small Industries Development Bank
(c) Digital Bharat Project Q921.
(d) Nav Bharat Nirmaan Project Which among the following is related to bank risks?
(e) None of these (a) Deposits
Q915. (b) Bank funds
RBI has introduced Inflation Indexed Bond which have (c) NPA
the locking period of: (d) All of these
(a) 5 years (e) None of these
(b) 10 years Q922.
(c) 15 years Interest below which a bank is not expected to lend to
(d) 20 years customers is known as .
(e) None of these (a) Deposit Rate
Q916. (b) Base Rate
Which of the following is not required for opening a (c) Prime Lending Rate
bank account? (d) Bank Rate
(a) Identity proof (e) Discount Rate
(b) Address proof Q923.
(c) Recent photographs When the growth of GDP in a country slows down
(d) Domicile certificate suddenly, people start losing their jobs and the situation
(e) None of the above continues for several weeks, what name is given to this
Q917. state of economy (A big country was in this state
What is Repo Rate? recently)?
(a) Inflation

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(b) Recession (b) attends to the function of note issue the Reserve
(c) Deflation Bank of India
(d) Economic boom (c) is responsible for maintaining external value of rupee
(e) None of these (d) controls balance of payment position of the
Q924. Government of India
Which among the following countries will become the (e) None of the above
19th member of the eurozone as it is set to adopt the Q929.
euro on 1 January 2015? As we all know, the RBI has raised the Cash Reserve
(a) Portugal Ratio (CRR) by 25 bps, in April 201
(b) Greece 0. What action will banks have to take to implement the
(c) Lithuania same?
(d) Latvia (1) They will have to deposit some more money with the
(e) None of these RBI as reserve money.
Q925. (2) Banks will be required to give some more loan to
Consider the following facts about Bhartiya Mahila Bank: projects of the priority sector.
1. BMB was inaugurated on 19th November, 2013, the (3) Banks will be required to give a loan equivalent to
birth anniversary of Late Indira Gandh the CRR to the Govt. of India for its day to day
i. expenditure as and when required.
2. Usha Ananthasubramanian is the founder Chairperson (a) Only 1
of the BMB. (b) Only 2
3. BMB offered (c) Only 3
4.5% interest rate on savings bank deposits upto Rs. 1 (d) Only 1 and 2
lakh and 5% on deposits above Rs. 1 lakh. The correct (e) All 1, 2 and 3
codes are Q930.
(a) 1 only Regional rural banks are working in all the states of
(b) 1 and 2 only India except
(c) 2 and 3 only (a) Sikkim
(d) All of these (b) Jammu and Kashmir
(e) None of these (c) Goa
Q926. (d) Sikkim and Goa
Which bank came into existence in 1921 when three (e) Assam
banks namely, Bank of Bengal (1806), Bank of Bombay Q931.
(1840) and Bank of Madras (1843) were reorganised Which of the following is an employmentcreating
and amalgamated to form a single banking entity? programme of the Govt of India?
(a) Imperial Bank of India (a) MNREGA
(b) State Bank of India (b) Bharat Nirman
(c) Reserve Bank of India (c) Kalpana-I
(d) Punjab National Bank (d) ASHA
(e) None of the above (e) Swajaldhara
Q927. Q932.
In a bank which of the following are the usual types of Many times we read a term CBS used is banking
Deposits accounts? operations. What is the full form of the letter C in the
(a) Savings accounts, Electricity accounts and Insurance term ‗CBS‘?
Premium accounts (a) Complete
(b) Fixed deposits, Post office Savings Bank accounts and (b) Credit
Current Deposit accounts (c) Continuous
(c) Current Accounts, Saving Bank accounts and Term (d) Core
Deposit accounts (e) None of these
(d) Loan accounts, Savings Bank accounts and Term Q933.
Deposit accounts Land development banks provide longterm credit for
(e) Current Bill accounts and Term Deposits accounts schemes of basic importance to agriculture as
Q928. (a) minor irrigation purposes like wells, dug-cum-bore
The Public Debt Office of the Reserve Bank of India wells, tubewells, pump sets and irrigation tanks
(a) is a central depository for all types of Government (b) mechanisation of agriculture i.e., loans for purposes
securities except Treasury Bills of tractors, power tillers, threshers, etc

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(c) land reclamation, soil conservation, plantation of (a) Bank rate
fruit orchards, dairy development schemes etc involving (b) Currency rate
heavy expenditure (c) Policy rate
(d) Both A and B (d) Exchange rate
(e) All (e) Base rate
Q934. Q940.
Which of the following is not a reason for demand pull The total authorised capital of RRBs was originally fixed
inflation? at Rs. 1 crore which has since been raised to
(a) Shortage of consumer goods (a) Rs. 2 crore
(b) More exports (b) Rs. 3 crore
(c) Economic growth (c) Rs. 5 crore
(d) Less import (d) Rs. 7 crore
(e) More exports and less imports (e) Rs. 10 crore
Q935. Q941.
A panel of Reserve Bank of India has suggested to set-up NABARD provides refinance to
specialized banks to cater to the low income households (a) Scheduled commercial banks
and small businesses. These banks will ensure that every (b) Co-operative banks
citizen have a bank account by 201 (c) Regional rural banks
6. The panel was headed by (d) All of the above
(a) Mukul Mudgal (e) None of the above
(b) Nachiket Mor Q942.
(c) Raghuram Rajan Which of the following is/are the major concepts visible
(d) Bilal Nazaki in today‘s banking industry in India?
(e) None of these I. Risk-based management
Q936. II. Growing competition
Which of the following is not a part of the scheduled III. IT initiatives Select the correct answer using the
banking structure in India? codes given below:
(a) State Co-operative Banks (a) Only I
(b) Public Sector Banks (b) Only II
(c) Private Sector Banks (c) Only III
(d) Regional Rural Banks (d) I and III
(e) Moneylenders (e) All of these
Q937. Q943.
Whenever RBI does some Open Market Operation Which of the following is NOT associated with climate
Transactions, actually it wishes to regulate which of the change and/or global warming?
following? (a) Basel norms
(a) Inflation only (b) Bali Meet 2007
(b) Liquidity in economy (c) Copenhagen Conference
(c) Borrowing powers of the banks (d) Kyoto Protocol
(d) Flow of Foreign Direct Investments (e) Bangkok Meet in 2009
(e) None of these Q944.
Q938. Who have the largest share of world trade?
CGTMSE stands for (a) European Union, USA
(a) Central Government Fund Trust for Medium and (b) Japan
Small Enterprises (c) Canada
(b) Credit Guarantee Fund for Medium Size Enterprises (d) All of these
(c) Central Government Transfer Fund for Multispecialty (e) None of these
Micro Enterprises Q945.
(d) Credit Guarantee Fund Trust for Micro and Small The Reserve Bank of India on 1 April 2014 adopted the
Enterprises Consumer Price Index (CPI) as the key measure of
(e) None of the above Inflation. It was adopted in the first bi-monthly monetary
Q939. policy statement for 2014-1
Whenever somebody needs foreign currency against 5. It was adopted on the basis of recommendations of
Indian Rupee, banks give equivalent amount of desired which Committee report?
currency based on prevalent? (a) Urjit R Patel Committee

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(b) A Ghosh Committee (d) All of these
(c) C Rao Committee (e) None of these
(d) Bhagwati Committee Q951.
(e) None of these Kisan Credit Cards are an effective way of reaching out
Q946. to the farmers by the banks. What assistance does the
A scheduled bank is one farmer receive in this way?
(a) which conforms to the requirements of Schedule III (a) Credit facility for crops etc against an approved limit
of the Banking Regulation Act, 1949 (b) Short-term credit facility against value of his crops
(b) which has been declared as a scheduled bank by the (c) Long-term credit is provided against his land
Government of India holdings
(c) which has deposits exceeding Rs. 10 crore (d) Loan is permissible against crops sold, but payment
(d) which has its name added to the second schedule of yet to be received by the farmer
the Reserve Bank of India Act, 1934 (e) None of these
(e) None of the above Q952.
Q947. The difference between visible exports and visible
Which of the following is/are key policy rates used by imports is defined as
RBI to influence interest rates? (a) Balance of trade
(1) Bank Rate and Repo Rate (b) Balance of payments
(2) Reverse Repo Rate (c) Balanced terms of trade
(3) CRR and SLR (d) Gains from trade
(a) Only (1) (e) All of these
(b) Only (2) Q953.
(c) All (1), (2) & (3) Banks are authorised to sell third party products. Which
(d) Only (3) are these products?
(e) Both (1) & (3) (a) Mutual funds
Q948. (b) Term deposits
Which of the following statements about the money (c) Credit cards
market is/are true? (d) Gift cheques
(a) Not all commercial banks deal for their customers in (e) None of these
the secondary market Q954.
(b) Money markets are used extensively by businesses India's capital market regulator SEBI recently ordered
both to warehouse, surplus funds and to raise short-term which NBFC entity to refund the money raised from
funds some 5
(c) The single most influential participant in the US 8.5 million customers through collective investment
money market is the US Treasury Department schemes (CIS)?
(d) Both A and B (a) Unimax Agrotech Ltd
(e) All of the above (b) Asia Agrotech Corp. Ltd
Q949. (c) Omaxe Agrotech Corp. Ltd
All of the following are examples of Quasi negotiable (d) Pearls Agrotech Corp. Ltd
instruments, under the Negotiable Instrument Act, 1881, (e) None of these
except Q955.
(a) dividend warrants Consider the following statements in regard to money
(b) share warrants market in India:
(c) bearer debentures (1) It is a market for short-term and longterm funds with
(d) promissory note maturity ranging from overnight to one year.
(e) None of these (2) It acts as an instrument of liquidity adjustment for
Q950. the Central Bank.
The earliest efforts in the direction of setting up special (3) It is a market for only long term funds. Which of the
land mortgage banks were made in statements given above is/are correct?
(a) WestBengal when thefirst Co-operative Land (a) 1 only
Mortgage Bank was organised in 24 Parganas in 1884 (b) 2 only
(b) In Punjab when the first Co-operative Land Mortgage (c) Both 1 and 2
Bank was organised in Jhang in 1920 (d) only 3
(c) Orissa when the first Co-operative Land Mortgage (e) None of these
Bank was organised in Jhang in 1834 Q956.

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Which of the following statements is incorrect regarding In banking business, when the borrowers avail a Term
a minor? Loan, initially they are given a repayment holiday and
(a) A minor is a person who has not attained the gas of this is referred as .
18 (a) Subsidy
(b) Minor does not have legal capacity to enter into a (b) Interest Waiver
contract (c) Re-phasing
(c) A current account in the name of minor can be (d) Interest concession
opened when guardian of the minor operates this (e) Moratorium
account Q963.
(d) A minor‘s account should never be allowed to be What is Gross Domestic Product?
overdrawn (a) It is the cost of production of all final goods and
(e) In the event of death of a minor, the money will be services made in the country
payable to the guardian (b) It is the cost of services made within the borders of a
Q957. country in a year
Which of the following is not a function of the RBI? (c) It is the market value of all final goods and services
(a) Maintaining Forex made in the country
(b) Deciding Bank Rate, CRR and SLR from time to time (d) It is the market value of all final goods and services
(c) Opening Savings Accounts for general public made within the borders of a country in a year
(d) Prescribing the Capital Adequancy Ratio (e) None of the above
(e) Currency Management Q964.
Q958. As of 2014, the BRICS nations represent what per cent of
As we all know, Cash Reserve Ratio (CRR) is the the World economy.
percentage of the deposits keep in reserve with them. (a) 12
This ratio is also known as (b) 15
(a) Repo rate (c) 18
(b) Reverse repo rate (d) 23
(c) SLR (e) None of these
(d) Liquidity ratio Q965.
(e) None of the above RBI increased the validity period of the in-principle
Q959. approval of setting up of new banks from one year to
Banker-Customer relationship is often considered a (a) 14 months
fiduciary one. What is this relation based on? (b) 16 months
(a) Contract (c) 18 months
(b) Faith (d) 20 months
(c) Commercial (e) None of these
(d) Agent and principal Q966.
(e) None of these Which bank became the State Bank of India in 1955?
Q960. (a) General Bank of India
The concept of micro finance was launched in which of (b) Bank of Hindustan
the following countries initially? (c) Imperial Bank of India
(a) Bangladesh (d) Federal Bank of India
(b) India (e) None of the above
(c) Egypt Q967.
(d) Israel Which of the following cannot be called as a value added
(e) Sri Lanka service offered by a bank?
Q961. (a) Special accounts for poor sections of society
Which of the following acts was framed specially to deal (b) Accident insurance cover
more effectively with the problem of non-performing (c) Instant credit of outstation cheques
assets in banking system? (d) Free cheque books
(a) Companies Act (e) All of these
(b) Banking Regulation Act Q968.
(c) Foreign Exchange Management act Which of the following are the instruments of Credit
(d) Industrial Dispute Act Control in the hands of the RBI?
(e) SARFASESI Act I. Lowering or raising the discount and interest rates.
Q962.

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II. Raising the minimum support price of the major agro (d) surplus balance of payment
products. (e) All of the above
III. Lowering or raising the minimum cash reserves Q975.
maintained by the commercial banks. Select the correct Who has been appointed as the Managing Director and
answer using the codes given below Chief Executive Officer of General India Life Insurance?
(a) Only I (a) Arvind Mayaram
(b) Only II (b) Santosh Hegde
(c) Only III (c) JS Mathur
(d) Both I and III (d) Munish Sharda
(e) Both II and III (e) None of these
Q969. Q976.
The rate on which banks borrow from the RBI is called Which of the following is the most active segment of the
....... money market in India?
(a) SLR (a) Call Money/Notice Money Market
(b) CRR (b) Repo/Reverse Repo
(c) Interest Rate (c) Commercial Paper (CP)
(d) Bank Rate (d) Certificate of Deposit (CD)
(e) Repo Rate (e) None of these
Q970. Q977.
Which of the following is an example of NBFCs? Which of the following financial product are NOT much
(a) Unit Trust of India popular in India as they have been launched only
(b) Life Insurance Corporation recently?
(c) General Insurance Corporation (a) Development Bonds
(d) All of the above (b) Insurance Policies
(e) None of the above (c) Mutual funds
Q971. (d) Sovereign Wealth Funds
Which of the following schemes is related exclusively to (e) All are very popular products in India.
Financial Inclusion? Q978.
(a) Swawalamban What is the full form of ‗CRR‘ as used in banking sector?
(b) Swadeshi (a) Crucial Reserve Rate
(c) Swabhiman (b) Cash Reserve Ratio
(d) SGSY (c) Compulsory Return Rate
(e) None of these (d) Credit and Reserve Ratio
Q972. (e) None of the above
The full form of PIN in the parlance of an ATM card is Q979.
(a) Permanent Information Number Which one of the following is the major component of
(b) Personal Identification Number the money supply in the Indian Economy?
(c) Professional Identification Number (a) Currency component
(d) Permanent Identification Number (b) Deposit component
(e) Personal Index Number (c) Treasury bill with public
Q973. (d) Both A and B
When more than one bank is allowing credit facilities to (e)Both B and C
one party in co-ordination with each other under a Q980.
formal arrangement the arrangement is generally known Deposits with Regional Rural Banks (RRBs) are insured
as by
(a) participation (a) Life Insurance Corporation of India
(b) consortium (b) General Insurance Corporation
(c) syndication (c) Deposit Insurance and Credit Gurantee Corporation
(d) multiple banking (d) None of the above
(e) None of these (e) All of the above
Q974. Q981.
During inflation, NABARD provides refinance assistance for
(a) exports becomes more expensive (a) promotion of agriculture
(b) exports becomes more cheap (b) promotion of small scale industries
(c) imports becomes more expensive (c) cottage and village industries

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(d) All of the above Which of the following can be identified as a demat
(e) None of the above account?
Q982. (a) Accounts which can have zero balance
E-commerce is increasingly becoming a popular mode of (b) Accounts opened to facilitate repayment of loan
doing business. What is this way of operating? (c) Accounts in which shares of companies are traded in
(a) Buying goods and services online from vendors electronic form
(b) Placing orders on the phones (d) Accounts maintained by mutual fund companies for
(c) Getting 30 days credit period for payment investors
(d) Payment has to be made in advance before goods/ (e) None of the above
services are delivered Q987.
(e) None of the above Which of the following rates signals is the RBI‘s long-
Q983. term outlook on interest rates?
Many times we read in newspapers that a company is (a) Repo Rate
planning to bring a public issue. What does it mean? (b) Reverse Repo Rate
(1) Shares of the company will be issued only (c) Bank Rate
throughpublic sector organisations like banks/Central (d) SLR
financial institutions etc. (e) CRR
(2) Shares of the company will be issued to general Q988.
public only through primary market. Under which section of the Reserve Bank of India Act,
(3) This means some stakeholders/ promoters are the Reserve Bank has the sole right of note issue?
willing to leave the company. Hence they wish to sell (a) Section 20
their stock to the general public. (b) Section 22
(a) Only (1) (c) Section 25
(b) Only (2) (d) Section 28
(c) Only (3) (e) Section 30
(d) All (1), (2) & (3) Q989.
(e) None of these Transfer of any instrument to another person by signing
Q984. on its back or face or on a slip of paper attached to it is
Where is the Headquarters of World Trade known as
Organisation? (a) promissory note
(a) New Delhi (b) bill of lading
(b) New York (c) bill of exchange
(c) Geneva (d) endorsement
(d) Rome (e) None of these
(e) None of these Q990.
Q985. What are the co-operative banks at the village level
Consider the following statements: known as
1. Asian Development Outlook 2014 was released on 1 (a) Central co-operative banks
April 2014 by the Asian Development Bank. (b) Primary agricultural co-operative societies
2. According to the ADB Outlook 2014, developing Asia is (c) Village co-operative banks
expected to extend its steady growth from (d) State co-operative banks
6.1 percent in 2013 to (e) None of the above
6.2 percent in 2014 and Q991.
6.4 percent in 201 Which of the following will set-up core bank
5. infrastructure for rural banks?
3. Asian Development 2014 was released on 1st January (a) SIDBI
2014 by ADB. Which of the statements given above (b) IBA
is/are correct? (c) RBI
(a) 1 only (d) SBI
(b) 1 and 2 (e) NABARD
(c) 2 only Q992.
(d) only 3 In which year was World Bank formed?
(e) None of these (a) 1945
Q986. (b) 1956
(c) 1960

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(d) 1988 (a) Repo Rate
(e) 1978 (b) Reverse Repo Rate
Q993. (c) Bank Rate
Axis Bank is a (d) SLR
(a) Public Sector Bank (e) CRR
(b) Private Sector Bank Q999.
(c) Co-operative Bank A bank is under a statutory obligations to honour its
(d) Foreign Bank customer‘s cheques vide
(e) Gramin Bank (a) Section 10 of the Banking Regulation Act, 1949
Q994. (b) Section 3 of the RBI Act, 1934
The Reserve Bank of India recently announced its (c) Section31 ofthe Negotiable Instruments Act, 1881
decision to reduce the number of mandated free (d) All of the above
transactions for savings bank account holders at other (e) None of the above
bank ATMs located in six metro cities from five to three Q1000.
per month. This reduction would come into effect from The National Bank for Agriculture and Rural
which date? Development (NABARD) gets some amount of its funds
(a) 1 October 2014 from which of the following organizations for its various
(b) 25 October 2014 schemes?
(c) 1 November 2014 1. world bank
(d) 1 December 2014 2. Bank of America
(e) None of these 3. IDA
Q995. (a) Only (1)
Which of the following can be the outcomes of very high (b) Only (2)
inflation in the economy? (c) Only (3)
(1) Reduction in economic growth. (d) All (1), (2) & (3)
(2) Increase in savings. (e) Only (1) & (3) both
(3) Reduction in exports. Select the correct answer using Q1001.
the codes below: Where is the headquarter of SIDBI?
(a) 1 and 3 only (a) Varanasi
(b) 3 and 4 only (b) Lucknow
(c) 2 and 3 (c) New Delhi
(d) 1 and 4 only (d) Kolkata
(e) None of these (e) Mumbai
Q996. Q1002.
RBI has deregulated interest rate for savings accounts. The arrangement under which banks sell insurance
What does it suggest? products acting as the agents of the respective
(a) Customers will get the benefit of higher interest rates companies is called the
(b) Banks will have the right to fix their interest rates (a) Insurance joint venture
independently (b) Bancassurance Model
(c) Each bank will have their respective interest rates (c) Hybrid Insurance Model
without the need to adhere to fixed interest rate (d) Insurance Broking
common to all banks (e) Integrated Model
(d) Banks will decide interest rates for individual Q1003.
customers according to their savings. In economic terms, the total market value of all final
(e) None of these goods and services produced in a country in a given year
Q997. is known as
Capital market regulator is (a) GNI
(a) RBI (b) GDP
(b) IRDA (c) inflation
(c) NSE (d) PPP
(d) BSE (e) wealth of a nation
(e) SEBI Q1004.
Q998. According to the latest available data what was India‘s
At which of the following rates does the Central Bank economic growth in 2013-14?
lend to banks against government securities? (a) 4.5%

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(b) 4.7% (a) Axis Bank
(c) 5.5% (b) HDFC
(d) 5.7% (c) ICICI
(e) None of these (d) Kotak Mahindra Bank
Q1005. (e) None of these
Recently the Reserve Bank penalised three banks for
violation of KYC norms and antimoney laundering
guidelines. Which one is not among them?
265 a 266 c 267 c 268 a 269 d 270 a
271 e 272 a 273 e 274 d 275 c 276 a
ANSWERS : 277 b 278 d 279 e 280 c 281 a 282 a
1c 2a 3d 4e 5a 6b 283 a 284 c 285 d 286 e 287 b 288 c
7d 8c 9a 10 c 11 a 12 c 289 b 290 e 291 a 292 c 293 d 294 a
13 a 14 e 15 b 16 c 17 c 18 a 295 d 296 b 297 b 298 b 299 c 300 d
19 c 20 a 21 c 22 d 23 a 24 b 301 d 302 d 303 b 304 d 305 b 306 b
25 e 26 a 27 c 28 d 29 a 30 d 307 c 308 a 309 d 310 d 311 d 312 c
31 b 32 d 33 a 34 a 35 c 36 d 313 a 314 b 315 d 316 c 317 d 318 d
37 c 38 d 39 b 40 c 41 c 42 d 319 c 320 b 321 c 322 c 323 a 324 c
43 a 44 b 45 b 46 c 47 c 48 a 325 c 326 b 327 c 328 a 329 e 330 b
49 a 50 e 51 a 52 a 53 d 54 c 331 d 332 d 333 d 334 b 335 b 336 c
55 e 56 d 57 e 58 a 59 b 60 d 337 b 338 c 339 a 340 e 341 b 342 d
61 d 62 d 63 b 64 c 65 e 66 a 343 d 344 c 345 a 346 d 347 b 348 d
67 a 68 c 69 b 70 b 71 c 72 b 349 c 350 b 351 d 352 a 353 e 354 d
73 c 74 e 75 b 76 d 77 a 78 e 355 c 356 a 357 a 358 a 359 e 360 b
79 a 80 a 81 a 82 d 83 d 84 c 361 c 362 c 363 c 364 d 365 c 366 b
85 e 86 c 87 a 88 c 89 b 90 d 367 c 368 d 369 b 370 b 371 d 372 c
91 c 92 c 93 b 94 b 95 e 96 b 373 a 374 c 375 b 376 d 377 e 378 d
97 b 98 c 99 d 100 e 101 d 102 e 379 c 380 b 381 b 382 c 383 c 384 b
103 b 104 a 105 d 106 a 107 e 108 b 385 a 386 d 387 c 388 c 389 b 390 c
109 b 110 a 111 d 112 b 113 b 114 b 391 a 392 b 393 c 394 d 395 b 396 b
115 c 116 c 117 e 118 a 119 e 120 c 397 b 398 b 399 e 400 a 401 b 402 b
121 c 122 a 123 b 124 d 125 d 126 b 403 d 404 a 405 a 406 c 407 a 408 c
127 a 128 c 129 d 130 b 131 a 132 c 409 a 410 d 411 b 412 b 413 c 414 a
133 c 134 d 135 b 136 b 137 a 138 a 415 b 416 a 417 e 418 b 419 d 420 a
139 d 140 b 141 b 142 b 143 d 144 d 421 c 422 e 423 b 424 c 425 c 426 b
145 d 146 a 147 a 148 c 149 d 150 e 427 a 428 d 429 e 430 d 431 c 432 d
151 c 152 a 153 a 154 a 155 d 156 a 433 e 434 a 435 c 436 d 437 c 438 a
157 b 158 c 159 e 160 c 161 b 162 a 439 b 440 b 441 b 442 c 443 d 444 c
163 a 164 a 165 e 166 c 167 b 168 d 445 a 446 d 447 b 448 b 449 b 450 a
169 a 170 c 171 b 172 d 173 d 174 a 451 b 452 d 453 c 454 d 455 b 456 d
175 b 176 c 177 b 178 b 179 c 180 e 457 c 458 b 459 c 460 b 461 a 462 e
181 b 182 a 183 b 184 d 185 d 186 a 463 b 464 d 465 a 466 d 467 a 468 c
187 c 188 a 189 a 190 b 191 a 192 d 469 e 470 c 471 b 472 c 473 a 474 d
193 d 194 b 195 c 196 d 197 b 198 c 475 c 476 a 477 b 478 b 479 e 480 d
199 d 200 d 201 d 202 d 203 c 204 a 481 A 482 b 483 a 484 b 485 c 486 e
205 a 206 b 207 b 208 d 209 d 210 b 487 b 488 a 489 d 490 d 491 a 492 e
211 a 212 e 213 d 214 a 215 c 216 a 493 a 494 a 495 c 496 b 497 b 498 c
217 c 218 b 219 d 220 e 221 d 222 a 499 b 500 b 501 a 502 a 503 e 504 d
223 e 224 d 225 d 226 c 227 b 228 a 505 a 506 b 507 d 508 d 509 a 510 c
229 a 230 d 231 a 232 a 233 e 234 e 511 e 512 a 513 d 514 d 515 b 516 c
235 b 236 d 237 e 238 c 239 c 240 b 517 c 518 c 519 d 520 b 521 C 522 d
241 d 242 a 243 e 244 b 245 d 246 e 523 d 524 a 525 d 526 c 527 c 528 d
247 b 248 b 249 b 250 e 251 d 252 c 529 d 530 c 531 a 532 d 533 a 534 c
253 c 254 d 255 a 256 d 257 b 258 a 535 b 536 d 537 a 538 d 539 c 540 a
259 c 260 a 261 c 262 b 263 b 264 c 541 a 542 d 543 d 544 c 545 a 546 b

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547 d 548 d 549 d 550 d 551 a 552 d 853 c 854 a 855 b 856 d 857 d 858 d
553 a 554 a 555 c 556 d 557 b 558 c 859 d 860 c 861 b 862 c 863 a 864 d
559 d 560 a 561 B 562 e 563 d 564 a 865 c 866 d 867 c 868 c 869 c 870 a
565 d 566 c 567 b 568 d 569 c 570 a 871 c 872 d 873 d 874 b 875 b 876 d
571 e 572 e 573 c 574 a 575 c 576 d 877 b 878 c 879 d 880 c 881 d 882 b
577 b 578 d 579 a 580 b 581 d 582 a 883 b 884 a 885 b 886 a 887 e 888 d
583 c 584 d 585 c 586 c 587 e 588 a 889 a 890 b 891 a 892 d 893 a 894 c
589 c 590 c 591 c 592 d 593 b 594 d 895 c 896 a 897 c 898 c 899 a 900 d
595 b 596 e 597 e 598 b 599 a 600 d 901 d 902 e 903 c 904 d 905 c 906 a
601 E 602 e 603 a 604 c 605 b 606 c 907 b 908 a 909 b 910 e 911 a 912 e
607 a 608 c 609 b 610 c 611 c 612 a 913 d 914 a 915 b 916 d 917 b 918 a
613 b 614 c 615 c 616 b 617 b 618 b 919 d 920 a 921 c 922 b 923 b 924 c
619 c 620 a 621 b 622 a 623 e 624 b 925 a 926 a 927 c 928 a 929 a 930 d
625 c 626 c 627 a 628 a 629 d 630 a 931 a 932 d 933 e 934 a 935 b 936 e
631 e 632 d 633 b 634 b 635 b 636 a 937 b 938 d 939 d 940 b 941 d 942 e
637 d 638 c 639 b 640 b 641 C 642 c 943 a 944 d 945 a 946 d 947 c 948 d
643 d 644 d 645 b 646 c 647 b 648 d 949 d 950 b 951 a 952 a 953 a 954 d
649 a 650 d 651 e 652 d 653 a 654 d 955 b 956 c 957 c 958 d 959 b 960 a
655 b 656 b 657 e 658 a 659 b 660 c 961 e 962 e 963 d 964 c 965 c 966 c
661 a 662 e 663 a 664 a 665 c 666 e 967 b 968 d 969 d 970 d 971 d 972 b
667 e 668 d 669 e 670 b 671 a 672 e 973 b 974 a 975 d 976 a 977 d 978 b
673 c 674 b 675 d 676 a 677 e 678 d 979 d 980 a 981 d 982 a 983 b 984 c
679 c 680 a 681 A 682 e 683 d 684 c 985 b 986 c 987 c 988 b 989 d 990 b
685 d 686 a 687 a 688 c 689 c 690 b 991 e 992 a 993 b 994 c 995 d 996 c
691 a 692 d 693 d 694 a 695 b 696 b 997 e 998 e 999 c 1000 e 1001 b
697 a 698 b 699 d 700 a 701 d 702 d 1002b 1003 b 1004 b 1005 d
703 b 704 d 705 b 706 a 707 e 708 d
709 b 710 a 711 d 712 d 713 d 714 a
715 c 716 d 717 c 718 e 719 a 720 c
721 B 722 c 723 b 724 a 725 c 726 b
727 a 728 a 729 b 730 b 731 d 732 e
733 a 734 a 735 c 736 c 737 d 738 b
739 b 740 e 741 a 742 d 743 a 744 a
745 b 746 a 747 a 748 d 749 d 750 c
751 d 752 e 753 d 754 c 755 b 756 d
757 d 758 b 759 d 760 b 761 C 762 b
763 e 764 a 765 a 766 c 767 d 768 d
769 d 770 d 771 e 772 a 773 c 774 d
775 c 776 a 777 e 778 c 779 b 780 a
781 c 782 a 783 d 784 d 785 b 786 a
787 b 788 d 789 d 790 e 791 b 792 c
793 d 794 a 795 a 796 c 797 d 798 a
799 a 800 a 801 E 802 d 803 d 804 d
805 d 806 c 807 c 808 a 809 b 810 a
811 c 812 d 813 b 814 e 815 c 816 b
817 e 818 c 819 c 820 b 821 e 822 b
823 d 824 d 825 b 826 b 827 b 828 a
829 d 830 d 831 d 832 b 833 d 834 b
835 c 836 d 837 e 838 c 839 c 840 b
841 e 842 b 843 e 844 d 845 a 846 d
847 b 848 d 849 b 850 e 851 b 852 a