1. Which of the following statements is true?
(1) Banks cannot accept demand and time deposits from public
(2) Banks can accept only demand deposits from public
(3) Banks can accept both demand and time deposits from public
(4) Banks can accept both demand and time deposits from public
(5) Banks can accept demand and time deposits only from government
2. Which of the following is the correct statement?
(1) State Bank of India is the sole authority to issue and manage currency in India
(2) A nationalized bank is the sole authority to issue and manage currency in India
(3) A cooperative bank is the sole authority to issue and manage currency in India
(4) RBl is the sole authority to issue and manage currency in India
(5) None of the above
3. Interest payable on savings bank accounts is
(1) not regulated by RBI
(2) regulated by Sate Governments
(3) regulated by Central Government
(4) regulated by RBI (5) regulated by Finance Minister
4. The usual deposit accounts of banks are
(1) current accounts, electricity accounts and insurance premium accounts
(2) current accounts post office savings bank accounts and term deposit accounts
(3) loan accounts, savings bank accounts and term deposit accounts
(4) current accounts, savings bank accounts and term deposit accounts
(5) current bill accounts and term deposit accounts
5. Fixed deposits and recurring deposits are
(1) repayable after an agreed period
(2) repayable on demand
(3) not repayable
(4) repayable after death of depositors
(5) repayable on demand or after an agreed period as per bank’s choice
6. Accounts are allowed to be operated by cheques in respect of
(1) both savings bank accounts and fixed deposit accounts
(2) savings bank accounts and current accounts
(3) both savings bank accounts and loan accounts
(4) both savings bank accounts and cash accounts only
(5) both Current accounts and fixed deposit accounts
(1) Banks cannot accept demand and time deposits from public
(2) Banks can accept only demand deposits from public
(3) Banks can accept both demand and time deposits from public
(4) Banks can accept both demand and time deposits from public
(5) Banks can accept demand and time deposits only from government
2. Which of the following is the correct statement?
(1) State Bank of India is the sole authority to issue and manage currency in India
(2) A nationalized bank is the sole authority to issue and manage currency in India
(3) A cooperative bank is the sole authority to issue and manage currency in India
(4) RBl is the sole authority to issue and manage currency in India
(5) None of the above
3. Interest payable on savings bank accounts is
(1) not regulated by RBI
(2) regulated by Sate Governments
(3) regulated by Central Government
(4) regulated by RBI (5) regulated by Finance Minister
4. The usual deposit accounts of banks are
(1) current accounts, electricity accounts and insurance premium accounts
(2) current accounts post office savings bank accounts and term deposit accounts
(3) loan accounts, savings bank accounts and term deposit accounts
(4) current accounts, savings bank accounts and term deposit accounts
(5) current bill accounts and term deposit accounts
5. Fixed deposits and recurring deposits are
(1) repayable after an agreed period
(2) repayable on demand
(3) not repayable
(4) repayable after death of depositors
(5) repayable on demand or after an agreed period as per bank’s choice
6. Accounts are allowed to be operated by cheques in respect of
(1) both savings bank accounts and fixed deposit accounts
(2) savings bank accounts and current accounts
(3) both savings bank accounts and loan accounts
(4) both savings bank accounts and cash accounts only
(5) both Current accounts and fixed deposit accounts
7. Which of the following is correct statement?
(1) Normally no interest is paid on current deposit accounts
(2) Interest is paid on current accounts at the same rate as term deposit accounts
(3) The rate of interest on current account and savings account are the same
(4) No interest is paid on any deposit by the bank
(5) Savings deposits are the same as current deposits
8. Mortgage is a
(1) security on movable property for a loan given by a bank
(2) security on immovable property for a loan given by a bank
(3) concession on immovable property for a loan given by a bank
(4) facility on immovable property for a loan given by a bank
(5) security on immovable property for a deposit received by a bank
9. Which of the following is known as cross selling by banks?
(A) Sale of a debit card to a credit card holder.
(B) Sale of Insurance policy to a depositor.
(C) Insurance of cash against cheque presented by a third party.
(1) Only (A) (2) Only (B) (3) Only (C)
(4) Both (A) and (C) (5) All (A), (B) and (C)
10. Financial inclusion means provision of
(1) financial services namely, payments, remittances, savings, loans and insurance at affordable
cost to persons not yet given the same
(2) ration at affordable cost to persons not yet given the same
(1) Normally no interest is paid on current deposit accounts
(2) Interest is paid on current accounts at the same rate as term deposit accounts
(3) The rate of interest on current account and savings account are the same
(4) No interest is paid on any deposit by the bank
(5) Savings deposits are the same as current deposits
8. Mortgage is a
(1) security on movable property for a loan given by a bank
(2) security on immovable property for a loan given by a bank
(3) concession on immovable property for a loan given by a bank
(4) facility on immovable property for a loan given by a bank
(5) security on immovable property for a deposit received by a bank
9. Which of the following is known as cross selling by banks?
(A) Sale of a debit card to a credit card holder.
(B) Sale of Insurance policy to a depositor.
(C) Insurance of cash against cheque presented by a third party.
(1) Only (A) (2) Only (B) (3) Only (C)
(4) Both (A) and (C) (5) All (A), (B) and (C)
10. Financial inclusion means provision of
(1) financial services namely, payments, remittances, savings, loans and insurance at affordable
cost to persons not yet given the same
(2) ration at affordable cost to persons not yet given the same
(3) house at affordable cost to persons not yet given the same
(4) food at affordable cost to persons not yet given the same
(5) education at affordable cost to persons not yet given the same
11. When a bank returns a cheque unpaid, it is called
(1) payment of the cheque
(2) drawing of the cheque
(3) canceling of the cheque
(4) dishonour of the cheque
(5) taking of the cheque
12. NEFT means
(1) National Electronic Funds Transfer system
(2) Negotiated Efficient Fund Transfer system
(3) National Efficient Fund Transfer solution
(4) Non Effective Fund Transfer system
(5) Negotiated Electronic Foreign Transfer system
13. Upper limit prescribed for RTGS transaction is
(1) Rs. 1 lac (2) Rs. 2 lacs
(3) Rs. 5 lacs (4) Rs. 50 lacs
(5) No upper limit is prescribed
14. Distribution of insurance products and insurance policies by banks as corporate agents is known as
(1) General Insurance (2) Non-life Insurance
(3) Bancassurance (4) Insurance Banking
(5) Deposit Insurance
15. In order to attract more foreign exchange the Government of India decided to allow foreign
investment in LLP firms. What is full form of ‘LLP’ as used in this reference?
(1) Local Labour Promotion
(2) Low Labour Projects
(3) Limited Loan Partnership
(4) Longer Liability Partnership
(5) Limited Liability Partnership
16. Interest on Saving bank account is now calculated by banks on
(1) minimum balance during the month
(2) minimum balance from 7th to last day of the month
(3) minimum balance from 10th to last day of the month
(4) maximum balance during the month
(5) daily product basis
17. Largest shareholder (in percentage shareholding) of a nationalized bank is
(1) RBI (2) NABARD (3) LICI
(4) Government of India
(5) IBA
18. When the rate of inflation increases
(1) purchasing power of money increases
(2) purchasing power of money decreases
(3) value of money increases
(4) purchasing power of money remains unaffected
(5) amount of money in circulation decreases
19. A centralized databases with online connectivity to branches, internet as well as
ATM-network which has been adopted by almost all major banks of our country is own as
(1) Investment Banking (2) core Banking
(3) Mobile Banking (4) National Banking
(5) Specialized Banking
20. The Unit Trust of India came into existence in
(1) 1960 (2) 1962 (3) 1964 (4) 1966 (5) 1968
(4) food at affordable cost to persons not yet given the same
(5) education at affordable cost to persons not yet given the same
11. When a bank returns a cheque unpaid, it is called
(1) payment of the cheque
(2) drawing of the cheque
(3) canceling of the cheque
(4) dishonour of the cheque
(5) taking of the cheque
12. NEFT means
(1) National Electronic Funds Transfer system
(2) Negotiated Efficient Fund Transfer system
(3) National Efficient Fund Transfer solution
(4) Non Effective Fund Transfer system
(5) Negotiated Electronic Foreign Transfer system
13. Upper limit prescribed for RTGS transaction is
(1) Rs. 1 lac (2) Rs. 2 lacs
(3) Rs. 5 lacs (4) Rs. 50 lacs
(5) No upper limit is prescribed
14. Distribution of insurance products and insurance policies by banks as corporate agents is known as
(1) General Insurance (2) Non-life Insurance
(3) Bancassurance (4) Insurance Banking
(5) Deposit Insurance
15. In order to attract more foreign exchange the Government of India decided to allow foreign
investment in LLP firms. What is full form of ‘LLP’ as used in this reference?
(1) Local Labour Promotion
(2) Low Labour Projects
(3) Limited Loan Partnership
(4) Longer Liability Partnership
(5) Limited Liability Partnership
16. Interest on Saving bank account is now calculated by banks on
(1) minimum balance during the month
(2) minimum balance from 7th to last day of the month
(3) minimum balance from 10th to last day of the month
(4) maximum balance during the month
(5) daily product basis
17. Largest shareholder (in percentage shareholding) of a nationalized bank is
(1) RBI (2) NABARD (3) LICI
(4) Government of India
(5) IBA
18. When the rate of inflation increases
(1) purchasing power of money increases
(2) purchasing power of money decreases
(3) value of money increases
(4) purchasing power of money remains unaffected
(5) amount of money in circulation decreases
19. A centralized databases with online connectivity to branches, internet as well as
ATM-network which has been adopted by almost all major banks of our country is own as
(1) Investment Banking (2) core Banking
(3) Mobile Banking (4) National Banking
(5) Specialized Banking
20. The Unit Trust of India came into existence in
(1) 1960 (2) 1962 (3) 1964 (4) 1966 (5) 1968
1. Which of the following is example of financial assets?
(1) National Saving Certificates
(2) Infrastructure Bonds (3) Indira Vikas Patra
(4) Krishi Vikas Patra (5) All of the above
22. Capital market is a market which deals in
(1) short-term funds (2) long-term funds
(3) gilt-edge securities (4) All of the above
(5) None of the above
23. Regional Rural Banks fall within supervisory purview of
(1) SBI (2) RBI (3) SEBI
(4) IRDA (5) None of these
24. IRDA with its headquarters at ……… is the regulatory authority for all insurance companies in
India including the Life Insurance Corporation of India.
(1) Hyderabad (2) Bengaluru (3) Mumbai
(4) Delhi (5) Chandigarh
25. Mutual Funds fall within 7 supervisory purview of
(1) SBI (2) RBI (3) SEBI
(4) IRDA (5) None of these
26. Which of the following does not come under the category of Development Banks?
(1) Industrial Development Bank of India
(2) Small Industries Development Bank of India
(3) Industrial Investment Bank of India
(4) State Finance Corporation
(1) National Saving Certificates
(2) Infrastructure Bonds (3) Indira Vikas Patra
(4) Krishi Vikas Patra (5) All of the above
22. Capital market is a market which deals in
(1) short-term funds (2) long-term funds
(3) gilt-edge securities (4) All of the above
(5) None of the above
23. Regional Rural Banks fall within supervisory purview of
(1) SBI (2) RBI (3) SEBI
(4) IRDA (5) None of these
24. IRDA with its headquarters at ……… is the regulatory authority for all insurance companies in
India including the Life Insurance Corporation of India.
(1) Hyderabad (2) Bengaluru (3) Mumbai
(4) Delhi (5) Chandigarh
25. Mutual Funds fall within 7 supervisory purview of
(1) SBI (2) RBI (3) SEBI
(4) IRDA (5) None of these
26. Which of the following does not come under the category of Development Banks?
(1) Industrial Development Bank of India
(2) Small Industries Development Bank of India
(3) Industrial Investment Bank of India
(4) State Finance Corporation
(5) Export-import Bank
27. Main financial instruments of corporate sector are
(1) Shares (ii) Debentures (iii) Public Deposits
(iv) Loan from Institutions
Select the correct answer by using of the following codes
(1) i and ii (2) ii and iii (3) iii and iv
(4)1, ii and iv (5) All I, ii, iii and iv
28. Financial institutions
(1) promote savings (2) mobilise savings (3) allocate savings among different users
(4) All of the above (5) None of the above
29. Which of the following is not an / example of primary securities?
(1) Bills (2) Bonds (3) Shares
(4) Book debts (5) New currency
30. Indian Financial System / comprises of
(1) Scheduled Commercial Banks
(2) Non-banking Financial Institutions
(3) Urban Cooperative Banks
(4) All of the above (5) None of the above
31. The Bombay Stock Exchange was 7 made functional as early as
(1) 1870 (2) 1901 (3) 1935
(4) 1951 (5) 1949
27. Main financial instruments of corporate sector are
(1) Shares (ii) Debentures (iii) Public Deposits
(iv) Loan from Institutions
Select the correct answer by using of the following codes
(1) i and ii (2) ii and iii (3) iii and iv
(4)1, ii and iv (5) All I, ii, iii and iv
28. Financial institutions
(1) promote savings (2) mobilise savings (3) allocate savings among different users
(4) All of the above (5) None of the above
29. Which of the following is not an / example of primary securities?
(1) Bills (2) Bonds (3) Shares
(4) Book debts (5) New currency
30. Indian Financial System / comprises of
(1) Scheduled Commercial Banks
(2) Non-banking Financial Institutions
(3) Urban Cooperative Banks
(4) All of the above (5) None of the above
31. The Bombay Stock Exchange was 7 made functional as early as
(1) 1870 (2) 1901 (3) 1935
(4) 1951 (5) 1949
32. The Unit Trust of India come into existence in
(1) 1964 (2) 1970 (3) 1975
(4) 1980 (5) 1982
33. 19 July 1969, how commercial Banks were nationalised?
(1) 13 (2) 14 (3) 15 (4) 16 (5) 20
34. New Private Banks are being given licenses since
(1) 1991 (2) 1992 (3) 1993
(4) 1995 (5) 2001
35. The gilt-edged market refers to the market for
(i) Government securities
(ii) Semi-government securities
(iii) Corporate securities
Select the correct answer
(1) only i (2) i and ii (3) ii and iii
(4) i, ii and iii (5) only iii
36. First share market in India established in
(1) Delhi (2) Mumbai (3) Kolkata
(4) Chennai (5) None of these
37. Consider the following statements:
(i) Securities that have an original maturity that is greater than one year are traded in capital markets.
(ii) The best known capital market securities are stocks and bonds.
Select the correct answer
(1) 1964 (2) 1970 (3) 1975
(4) 1980 (5) 1982
33. 19 July 1969, how commercial Banks were nationalised?
(1) 13 (2) 14 (3) 15 (4) 16 (5) 20
34. New Private Banks are being given licenses since
(1) 1991 (2) 1992 (3) 1993
(4) 1995 (5) 2001
35. The gilt-edged market refers to the market for
(i) Government securities
(ii) Semi-government securities
(iii) Corporate securities
Select the correct answer
(1) only i (2) i and ii (3) ii and iii
(4) i, ii and iii (5) only iii
36. First share market in India established in
(1) Delhi (2) Mumbai (3) Kolkata
(4) Chennai (5) None of these
37. Consider the following statements:
(i) Securities that have an original maturity that is greater than one year are traded in capital markets.
(ii) The best known capital market securities are stocks and bonds.
Select the correct answer
(1) (i) is true and (ii) is false (2) (i) is false and (ii) is true
(3) Both are true (4) Both are false
(5) None of the above
38. Consider the following statements:
(i) Securities that have an original maturity that is greater than one year are traded in money markets.
(ii) The best known money market securities are stocks and bonds.
(1) (i) is true and (ii) is false (2) (i) is false and (ii) is true
(3) Both are true (4) Both are false
(5) None of the above
39. The primary issuers of capital market securities include
(1) the Central Government (2) the local Government
(3) corporations
(4) the Central and Local Governments and corporations
(5) Local Government and corporations
40. Which of the following is a / characteristic of a capital market instrument?
(a) Liquidity (b) Marketability
(3) Long maturity (4) Liquidity premium
(5) All of the above
41. Which one of the following is a capital market instrument?
(1) A Treasury bill
(2) A negotiable certificate of depos
(3) Both are true (4) Both are false
(5) None of the above
38. Consider the following statements:
(i) Securities that have an original maturity that is greater than one year are traded in money markets.
(ii) The best known money market securities are stocks and bonds.
(1) (i) is true and (ii) is false (2) (i) is false and (ii) is true
(3) Both are true (4) Both are false
(5) None of the above
39. The primary issuers of capital market securities include
(1) the Central Government (2) the local Government
(3) corporations
(4) the Central and Local Governments and corporations
(5) Local Government and corporations
40. Which of the following is a / characteristic of a capital market instrument?
(a) Liquidity (b) Marketability
(3) Long maturity (4) Liquidity premium
(5) All of the above
41. Which one of the following is a capital market instrument?
(1) A Treasury bill
(2) A negotiable certificate of depos
(3) Commercial paper
(4) All of the above (5) None of the above
42. T-bills are financial instruments initially sold by ________ to raise funds.
(1) Commercial Banks (2) the government
(3) corporations
(4) agencies of the State Government
(5) None of the above
43. Commercial paper is a short-term security issued by ________ to raise funds.
(1) the Reserve Bank of India
(2) Commercial Banks
(3) large and well-known companies
(4) National Stock Exchange
(5) State and Local Governments
44. Which of the following statements is true regarding a corporate bond?
(1) A corporate callable bond gives the holder the right to exchange it for a specified number of the company’s common shares
(2) A corporate debenture is a secured /‘ bond
(3) A corporate indenture is a secured bond
(4) A corporate convertible bond gives the holder the right to exchange the bond for a specified number of the company’s common shares
(5) Holders of corporate bonds have voting rights in the company
45. Which one of the following is not a money market instrument?
(1) A Treasury bill (2) A negotiable certificate of deposit
(3) Commercial paper (4) Treasury bond (5) Repo
(4) All of the above (5) None of the above
42. T-bills are financial instruments initially sold by ________ to raise funds.
(1) Commercial Banks (2) the government
(3) corporations
(4) agencies of the State Government
(5) None of the above
43. Commercial paper is a short-term security issued by ________ to raise funds.
(1) the Reserve Bank of India
(2) Commercial Banks
(3) large and well-known companies
(4) National Stock Exchange
(5) State and Local Governments
44. Which of the following statements is true regarding a corporate bond?
(1) A corporate callable bond gives the holder the right to exchange it for a specified number of the company’s common shares
(2) A corporate debenture is a secured /‘ bond
(3) A corporate indenture is a secured bond
(4) A corporate convertible bond gives the holder the right to exchange the bond for a specified number of the company’s common shares
(5) Holders of corporate bonds have voting rights in the company
45. Which one of the following is not a money market instrument?
(1) A Treasury bill (2) A negotiable certificate of deposit
(3) Commercial paper (4) Treasury bond (5) Repo
46. Money lend for 15 days or more in Inter-bank market is called
(1) call money (2) notice money
(3) term money (4) All of these
(5) None of these
47. Money lent for one day is called
(1) call money (2) notice money
(3) term money (4) All of these
(5) None of these
48. Specified interest rate on a fixed maturity security fixed at the time of issue is called
(1) market rate of interest (2) call rate
(3) repo rate (4) coupon rate
(5) discount rate
49. Lending of scheduled Commercial Banks, on a fortnightly average basis, should not
exceed — of their capital fund.
(1) 25 per cent (2) 35 per cent
(3) 15 per cent (4) 50 per cent
(5) None of these
50. A short-term credit investment created by a non- financial firm and guaranteed by a bank to make payment is called
(1) bankers acceptance market
(2) collateral loan market (3) treasury bill market
(4) call money market (5) repo market
(1) call money (2) notice money
(3) term money (4) All of these
(5) None of these
47. Money lent for one day is called
(1) call money (2) notice money
(3) term money (4) All of these
(5) None of these
48. Specified interest rate on a fixed maturity security fixed at the time of issue is called
(1) market rate of interest (2) call rate
(3) repo rate (4) coupon rate
(5) discount rate
49. Lending of scheduled Commercial Banks, on a fortnightly average basis, should not
exceed — of their capital fund.
(1) 25 per cent (2) 35 per cent
(3) 15 per cent (4) 50 per cent
(5) None of these
50. A short-term credit investment created by a non- financial firm and guaranteed by a bank to make payment is called
(1) bankers acceptance market
(2) collateral loan market (3) treasury bill market
(4) call money market (5) repo market
51. Money market securities are
(1) short-term (2) low risk
(3) very liquid (4) All of the above
(5) 1 and 2
52. Money market instruments
(1) are usually sold in large denominations
(2) have low default risk
(3) mature in one year or less
(4) are characterized by all of the above
(5) are characterized by 1 and 2
53. Which of the following statements about the money market are true?
(1) Not all Commercial Banks deal for their customers in the secondary market
(2) Money markets are used extensively by businesses both to warehouse surplus funds and
to raise short-term funds
(3) The single most influential participant in the US money market is the US Treasury Department
(4) All of the above are true
(5) 1 and 2 of the above are true
54. In the term repo, the term of the loan is greater than
(1) 30 days (2) 20 days (3) 60 days
(4) 90 days (5) None of these
55. The money market in India consists of two sectors
namely, the organised and the unorganised sector. Which of the following do not fall under unorganised sector?
(1) short-term (2) low risk
(3) very liquid (4) All of the above
(5) 1 and 2
52. Money market instruments
(1) are usually sold in large denominations
(2) have low default risk
(3) mature in one year or less
(4) are characterized by all of the above
(5) are characterized by 1 and 2
53. Which of the following statements about the money market are true?
(1) Not all Commercial Banks deal for their customers in the secondary market
(2) Money markets are used extensively by businesses both to warehouse surplus funds and
to raise short-term funds
(3) The single most influential participant in the US money market is the US Treasury Department
(4) All of the above are true
(5) 1 and 2 of the above are true
54. In the term repo, the term of the loan is greater than
(1) 30 days (2) 20 days (3) 60 days
(4) 90 days (5) None of these
55. The money market in India consists of two sectors
namely, the organised and the unorganised sector. Which of the following do not fall under unorganised sector?
(1) RBI, Commercial Banks and SBI
(2) LIC and GIC (3) Unit Trust of India
(4) Indigenous Banks (5) None of the above
56. Money lent for one day in the money market is known as
(1) Notice Money (2) Call Money
(3) Term Money (4) All of the above
(5) None of the above
57. Money lent for more than one day but less than 15 days in the money market is known as
(1) Notice Money (2) Call Money
(3) Term Money (4) All of the above
(5) None of the above
58. Money lent for 15 days or more in inter-bank market is called
(1) Notice Money (2) Call Money
(3) Term Money (4) All of the above
(5) None of the above
59. Government security that is a claim on the government and is a secure financial instrument which guarantees of both capital and interest is called
(1) Coupon security (2) Gilt-edged security
(3) Corporate security (4) All of the above
(5) None of the above
(2) LIC and GIC (3) Unit Trust of India
(4) Indigenous Banks (5) None of the above
56. Money lent for one day in the money market is known as
(1) Notice Money (2) Call Money
(3) Term Money (4) All of the above
(5) None of the above
57. Money lent for more than one day but less than 15 days in the money market is known as
(1) Notice Money (2) Call Money
(3) Term Money (4) All of the above
(5) None of the above
58. Money lent for 15 days or more in inter-bank market is called
(1) Notice Money (2) Call Money
(3) Term Money (4) All of the above
(5) None of the above
59. Government security that is a claim on the government and is a secure financial instrument which guarantees of both capital and interest is called
(1) Coupon security (2) Gilt-edged security
(3) Corporate security (4) All of the above
(5) None of the above
60. Which of the following types of institutions are operate in the call money market only as lender?
(1) Commercial Banks (2) Primary Dealers
(3) Insurance companies (4) SBI
(5) None of the above
61. As per prudential norms of RBI, lending of Scheduled Commercial Banks, on a fortnight average basis, should not exceed…….. per of their capital fund.
(1) 25 (2) 30 (3) 35 (4) 15 (5) 20
62. The market for bankers acceptance which or out of trade transactions, both domestic and foreign, is called
(1) Mohey market (2) Capital market
(3) Bankers acceptance market (4) Repo market
(5) Government security market
63. An unsecured loan extended by one corporate to another is called
(1) Commercial papers (2) Treasury bill
(3) Inter-corporate deposits (4) Certificates of deposits
(5) All of the above
64. Interest is calculated on actual/365 days basis respect of the following products, except one
(1) Call money (2) Notice money
(3) Term money (4) GOI dated securities
(5) None of the above
65. An institution which accepts deposits, makes business loans, and offers related services is called
(1) Saving Bank (2) Commercial Bank
(3) Investment Bank (4) Development Bank
(1) Commercial Banks (2) Primary Dealers
(3) Insurance companies (4) SBI
(5) None of the above
61. As per prudential norms of RBI, lending of Scheduled Commercial Banks, on a fortnight average basis, should not exceed…….. per of their capital fund.
(1) 25 (2) 30 (3) 35 (4) 15 (5) 20
62. The market for bankers acceptance which or out of trade transactions, both domestic and foreign, is called
(1) Mohey market (2) Capital market
(3) Bankers acceptance market (4) Repo market
(5) Government security market
63. An unsecured loan extended by one corporate to another is called
(1) Commercial papers (2) Treasury bill
(3) Inter-corporate deposits (4) Certificates of deposits
(5) All of the above
64. Interest is calculated on actual/365 days basis respect of the following products, except one
(1) Call money (2) Notice money
(3) Term money (4) GOI dated securities
(5) None of the above
65. An institution which accepts deposits, makes business loans, and offers related services is called
(1) Saving Bank (2) Commercial Bank
(3) Investment Bank (4) Development Bank
5) Central Bank
66. A bank which acts as a banker of other banks is called
(1) Saving Bank (2) Commercial Bank
(3) Investment Bank (4) Development Bank
(5) Central Bank
67. Which of the following is/are the function(s) of Exchange Banks?
68. Consumer banks are usually found in
69 A bank account in which a depositor can deposit his funds any number of times he likes and can also withdraw the same any number of times he wishes is called
71. An inter-bank funds transfer system, where funds are transferred as and when the transactions are triggered, is called
72. Which of the following is a primary function of banks?
73. The operative guidelines for banks on Mobile Banking Transactions in India were issued in
74. To use smart cards/debit cards/credit cards for the purchase of an item or for payment of a service at a merchant’s store, the card has to be swiped in a terminal known as
75. The Branding Line of Bank of Baroda is
76. The logo of Bank of Baroda is known as
77. Lot of Banks in India these days are offering M- Banking Facility to their customers. What is the full form of M’ in ‘M-Banking’?
78. Which of the following is not the part of the Scheduled Banking structure in India?
79. Section 14 of Banking Regulation Act, 1949
80. A Bank is under a statutory obligations to honour its customer’s cheques vide
66. A bank which acts as a banker of other banks is called
(1) Saving Bank (2) Commercial Bank
(3) Investment Bank (4) Development Bank
(5) Central Bank
67. Which of the following is/are the function(s) of Exchange Banks?
(i) Remitting money from one country to another country.
(ii) Discounting of foreign bills.
(iii) Buying and selling gold and silver
(iv) Helping Import and Export Trade.
Select the correct answer
(1) i and ii (2) ii and iii (3) iii and iv
(4) i, ii and iii (5) All i, ii, iii and iv -
68. Consumer banks are usually found in
(1) India and Pakistan (2) India and UK
(3) USA and Germany (4) China and Russia
(5) India and China
69 A bank account in which a depositor can deposit his funds any number of times he likes and can also withdraw the same any number of times he wishes is called
(1) Fixed Deposit Account (2) Saving Account
(3) Current Account (4) Recurring Account
(5) Demat Account
70. Under which type of
account a specified amount is deposited
every month for a specific period, say, 12, 24, 36 or 60 months?
(1) Fixed Deposit Account (2) Saving Account
(3) Current Account (4) Recurring Account
(5) Demat Account
71. An inter-bank funds transfer system, where funds are transferred as and when the transactions are triggered, is called
(1) Internet Banking (2) Mobile Banking
(3) Bill Payment Service
(4) Real time Gross Settlement (5) None of the
above
72. Which of the following is a primary function of banks?
(1) Collection and payment of cheques, rent,
interest, etc on
behalf of their customers
(2) Buying, selling and keeping in safe
custody, the
securities on behalf of their customers
(3) Acting as trustees and executors of the
property of their
customers on their advice
(4) Remitting money from one place to the
other through bank
drafts or mail or telegraphic transfers
(5) Accepting deposits
73. The operative guidelines for banks on Mobile Banking Transactions in India were issued in
(1) 2008 (2) 2009 (3) 2010
(4) 2011 (5) 2007
74. To use smart cards/debit cards/credit cards for the purchase of an item or for payment of a service at a merchant’s store, the card has to be swiped in a terminal known as
(1) Point of Sale terminal (2) Real time
terminal
(3) Shopping terminal (4) All of the
above
(5) None of the above
75. The Branding Line of Bank of Baroda is
(1) International Bank of India (2) India’s
International bank
(3) India’s Multinational Bank (4)
World’s Local Bank
(5) None of the above
76. The logo of Bank of Baroda is known as
(1) Sun of Bank of Baroda (2) Baroda Sun
(3) Bank of Baroda’s Rays (4) Sunlight of Bank
of Baroda
(5) None of the above
77. Lot of Banks in India these days are offering M- Banking Facility to their customers. What is the full form of M’ in ‘M-Banking’?
(1) Money (2) Marginal
(3) Message
(4) Mutual Fund (5) Mobile
78. Which of the following is not the part of the Scheduled Banking structure in India?
(1) Money Lenders (2) Public Sector Banks
(3) Private Sector Banks (4) Regional Rural
Banks
(5) State Cooperative Banks
79. Section 14 of Banking Regulation Act, 1949
(1) prohibits a banking company from creating
a charge upon any unpaid capital of the company
(2) contains a system of licensing of banks by
the RBI
(3) provides that the subscribed capital of a
banking company should not be less than one-half of its
authorised capital
(4) All of the above (5) None of the above
80. A Bank is under a statutory obligations to honour its customer’s cheques vide
(1) Section 10 of the Banking Regulation Act,
1949
(2) Section 3 of the RBI Act, 1934
(3) Section 31 of the Negotiable Instruments
Act, 1881
(4) All of the above (5) None of the
above
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