February 2017 banking awareness-11

Q1. Which of the following agencies is associated with the business of Insurance sector as a regulator? 

(a) NPCI 

(b) IRDA

(c) SEBI 

(d) AMFI 

(e) None of the given options is true

Q2. The hundred rupee currency note in India bears the signature of-

(a) Finance Minister of India 

(b) Prime Minister of India 

(c) President of India 

(d) Governor of the RBI

(e) None of the given options is true

Q3. Which of the following terms is not used in banking and Finance? 

(a) Capital gain 

(b) Plan Finance 

(c) Market risk 

(d) Apartheid

(e) None of the given options is true

Q4. Life Insurance Corporation (LIC) was came into existence in_______

(a) 1955

(b) 1956

(c) 1957

(d) 1961

(e) 1982

Q5. Headquarter of IRDA is located in-

(a) Hyderabad

(b) New Delhi

(c) Mumbai

(d) Kolkata

(e) Chennai

Q6. Fiscal Policy is composed of several parts which include:

(a) Tax Policy and Expenditure Policy

(b) Investment or Disinvestment Strategies

(c) Debt or Surplus Management

(d) All of the Above

(e) None of the given options is true

Q7. A ____ is a document from a bank guaranteeing that a seller will receive payment in full as long as certain delivery conditions have been met.

(a) Agreement

(b) Letter of Credit

(c) Bill Paper

(d) All of The Above

(e) None of the given options is true

Q8. Rural Infrastructure Development fund (RIDF) is financed by 

(a) Selected group of public Sector Banks 

(b) Ministry of Rural Development 

(c) Reserve Bank of India 

(d) NABARD

(e) None of the given options is true

Q9. The bank conducts Government business as an agent of 

(a) Union and state Government 

(b) Reserve Bank of India

(c) State Bank of India

(d) SIDBI

(e) None of the given options is true

Q10. Many times we see in newspapers that some projects are launched by the government authorities on 'PPP' basis. What is the full form of PPP? 

(a) Preferential Payment Plan 

(b) Public-Private Partnership

(c) Partial Payment Project 

(d) Popular Private Project 

(e) None of the given options is true

Q11. The government of India recently decided to allow Currency Futures in India. In addition to Ministry of Finance, which is/are the other organisation(s) whose permission/approval is needed for such operations in India? 

1. International Monetary Fund (IMF) 

2. Reserve Bank of India (RBI)

3. Securities and Exchange Board of India (SEBI) 

(a) Only 1 

(b) Only 2 

(c) Only 3 

(d) Only 2 and 3

(e) None of the given options is true

Q12. The Reserve Bank of India has decided to help banks, as a temporary measure, by providing additional liquidity support under LAF. What is the full form of LAF? 

(a) Loan Adjustment Fund 

(b) Liquidity Adjustment Facility

(c) Long Awaited Funds 

(d) Loan against Funds

(e) None of the given options is true

Q13. The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form- 

(a) Reserve Bank of India 

(b) Imperial Bank of India 

(c) Bank of India 

(d) Union Bank of India

(e) None of the given options is true

Q14. Which bank was earlier called the 'Imperial Bank of India? 

(a) RBI 

(b) SBI

(c) UBI 

(d) PNB 

(e) BOI 

Q15. India's largest commercial bank is....?

(a) Central Bank of India 

(b) State Bank of India

(c) Indian overseas bank 

(d) Bank of India 

(e) Punjab National Bank

February 2017 banking awareness-10

Q1. Which of the following is correct-?

(a) Reserve Bank of India Act, 1935

(b) Reserve Bank of India Act, 1934

(c) Reserve Bank of India Act, 1930

(d) Reserve Bank of India Act, 1921

(e) None of the given options is true

Q2. Which among the following year, “second time nationalisation" of more than 5 banks were conducted?

(a) 1975

(b) 1980

(c) 1985

(d) 1991

(e) None of the given options is true

Q3. NABARD was established on the recommendations of-

(a) Shivaraman Committee

(b) Malhotra Committee

(c) Kumarmangalam Committee

(d) Rangarajan Committee

(e) None of the given options is true

Q4. BFS stands for-

(a) Board for First Supervision

(b) Bureau for Financial Supervision

(c) Board for Financial Supervision

(d) Board for Financial System

(e) Board for Financial Service

Q5. Management of RBI consists of (Regarding Governor and Deputy Governors)-

(a) One Governor and not more than four Deputy Governors

(b) Two Governor and not more than four Deputy Governors

(c) One Governor and not more than three Deputy Governors

(d) Four Governors and not more than one Deputy Governor

(e) Three Governor and not more than two Deputy Governors

Q6. Which among the following years, the BFS was constituted?

(a) November 1969

(b) November 1956

(c) November 1949

(d) November 1982

(e) November 1994

Q7. National Bank for Agriculture and Rural Development (NABARD) came into existence on-

(a) 08th July 1982

(b) 19th July 1982

(c) 12th July 1982

(d) 05th November 1982

(e) 01st January 1982

Q8. NABARD was set up essentially as a development bank for promoting-

(a) Agriculture Development only

(b) Rural Development only

(c) Industry only

(d) Both (a) and (b)

(e) None of the given options is true

Q9. Which among the following is correct about objectives of BFS?

(a) To undertake consolidated supervision of the financial sector

(b) Financial Sector comprising commercial banks

(c) Financial institutions and non-banking finance companies

(d) All of the above

(e) None of the given options is true

Q10. Who is the present governor of Reserve Bank of India (RBI)?

(a) Duvvuri Subbarao

(b) Raghuram Govind Rajan

(c) Viral V Acharya 

(d) Urjit R Patel

(e) Nachiket M Mor

Q11. Commercial Banks refer to both scheduled and non-scheduled commercial banks which are regulated under Banking Regulation Act, 1949. Scheduled Banks are classified into-

(a) State Bank of India and its Associates

(b) Nationalised Banks

(c) Regional Rural Banks (RRBs)

(d) Foreign Banks

(e) All of the above

Q12. How many banks were nationalized as on 19th July 1969?

(a) 15

(b) 13

(c) 14

(d) 06

(e) 19

Q13. Bank of Hindustan was established in which year?

(a) 1700

(b) 1770

(c) 1780

(d) 1719

(e) 1721

Q14. Under which act, State Bank of India (SBI) was given control of 8 state associated banks-

(a) Banking Regulation Act, 1949

(b) State Bank of India Act, 1955

(c) Reserve Bank of India Act, 1934

(d) Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980

(e) State Bank of India Subsidiary Banks) Act, 1959

Q15. The BFS's board member are appointed for term of-

(a) two years

(b) three years

(c) four years

(d) one years

(e) five years

February 2017 banking awareness-9

Q1. BSE (formerly known as Bombay Stock Exchange Ltd.), is Asia's first & the Fastest Stock Exchange in world with the speed of 6 micro seconds and one of India's leading exchange groups. BSE Established in-

(a) 1921

(b) 1899

(c) 1765

(d) 1925

(e) 1875

Q2. NSSO headed by a Director General is responsible for conduct of large scale sample surveys in diverse fields on All India basis. NSSO stands for-

(a) Nominal Sample Survey Office

(b) National Sample Survey Office 

(c) National Sample Survey Organisation

(d) National Sample Service Office

(e) National Source Survey Office

Q3. A non ­performing asset (NPA) is a loan or an advance where, interest and/or installment of principal remain overdue for a period of more than ______ days in respect of a term loan.

(a) 60 days

(b) 70 days

(c) 80 days

(d) 90 days

(e) 100 days

Q4. Where is the head office of Bank for International Settlements (BIS)?

(a) Zurich, Switzerland

(b) New York, USA

(c) Basel, Switzerland

(d) Berlin, Germany

(e) Geneva, Switzerland

Q5. Under which act NPCI was incorporated as a Section 8?

(a) Banking Regulation Act, 1949

(b) Companies Act 2013

(c) Reserve Bank of India Act, 1934

(d) Societies Registration Act, 1860 

(e) None of the given options is true

Q6. How much amount was authorised capital of NPCI? 

(a) Rs 100 crore

(b) Rs 500 crore 

(c) Rs 300 crore

(d) Rs 200 crore

(e) Rs 400 crore

Q7. The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises. As under a micro enterprise is an enterprise where investment in plant and machinery does not exceed..............?

(a) Rs. 100 lakh

(b) Rs. 15 lakh

(c) Rs. 25 lakh

(d) Rs. 50 lakh

(e) None of the given options is true

Q8. Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note. In which year Commercial Paper was introduced in India?

(a) 1975

(b) 1990

(c) 1985

(d) 1955

(e) 1980

Q9. Which Bank of India maintains the Principal Accounts of Central as well as State Governments at its Central Accounts Section? 

(a) IDBI

(b) SBI

(c) SIDBI

(d) NABARD 

(e) RBI

Q10. How much amount was paid-up capital of NPCI?

(a) Rs 100 crore

(b) Rs 500 crore 

(c) Rs 300 crore

(d) Rs 200 crore

(e) Rs 400 crore

Q11. BCBS is the primary global standard setter for the prudential regulation of banks and provides a forum for cooperation on banking supervisory matters. What is mean of 'S' in BCBS?

(a) Supervision

(b) Serious

(c) System

(d) Service

(e) Stands

Q12. The Basel III capital regulation has been implemented from April 1, 2013 in India in phases and it will be fully implemented as on- 

(a) 31st March, 2020

(b) 31st March, 2019

(c) 31st March, 2017

(d) 31st March, 2018

(e) None of the given options is true

Q13. At the instance of Government of India Reserve Bank of India (RBI) was constituted a committee to review the arrangements for institutional credit for agriculture and rural development (CRAFICARD) on 30 March 1979, under the Chairmanship of-

(a) V K Malhotra

(b) C Rangarajan

(c) B Sivaraman

(d) Hilton Young

(e) None of the given options is true

Q14. The Government of India, the concerned State Government and the bank, which had sponsored the RRB contributed to the share capital of RRBs in the proportion of ________________ respectively. 

(a) 50%, 15% and 35% 

(b) 50%, 35% and 15% 

(c) 35%, 50% and 35% 

(d) 15%, 50% and 35% 

(e) None of the given options is true

Q15. In which of the following cities, The Head Office of FICCI is located?

(a) Hyderabad

(b) Chennai

(c) Kolkata

(d) Mumbai

(e) New Delhi

February 2017 banking awareness-8

Q1. PMGKDS, 2016 is a scheme notified by the Government of India on December 16th, 2016 which is applicable to every declarant under the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016. What is the meaning of "D" in PMGKDS?

(a) Division

(b) Disputes

(c) Department

(d) Deposit

(e) Distance

Q2.  _________________ is the process of stopping the flow of the physical cheque issued by a drawer at some point by the presenting bank en-route to the paying bank branch.

(a) Truncation

(b) Demand

(c) Flow

(d) Transit

(e) None of the given options is true

Q3. Which among the following organization has issued, the policy guidelines for the BBPS system on November 28, 2014? 

(a) SEBI

(b) NABARD

(c) RBI

(d) Finance Ministry

(e) NPCI

Q4. BBPS is an integrated bill payment system which offers interoperable bill payment service to customers online as well as through a network of agents on the ground. BBPS stands for-

(a) Bharat Balance Payment System 

(b) Bank Bill Payment System 

(c) Bharat Bill Product System 

(d) Bharat Bill Payment Service

(e) Bharat Bill Payment System

Q5. The RTGS system is primarily meant for large value transactions. The minimum amount to be remitted through RTGS is- 

(a) Rs 10 lakh 

(b) Rs 2 lakh

(c) Rs 5 lakh 

(d) Rs 1 lakh 

(e) None of the given options is true 

Q6. ___________ is an electronic fund transfer system that operates on a Deferred Net Settlement (DNS) basis which settles transactions in batches.

(a) NEFT

(b) RTGS

(c) NPCI

(d) BBPS

(e) IMPS

Q7. The Central Office of the Reserve Bank was initially established in Calcutta (now Kolkata) but was permanently moved to Mumbai in-

(a) 1949

(b) 1937 

(c) 1943

(d) 1945

(e) 1934

Q8. The Reserve Bank of India (RBI) is vested with the responsibility of conducting monetary policy. This responsibility is explicitly mandated under which act?

(a) Companies Act, 1956

(b) Negotiable Instruments Act, 1881

(c) Reserve Bank of India Act, 1934 

(d) Banking Regulation Act, 1949

(e) None of the given options is true 

Q9. A facility under which scheduled commercial banks can borrow the additional amount of overnight money from the Reserve Bank by dipping into their Statutory Liquidity Ratio (SLR). It is called? 

(a) Repo Rate

(b) Reverse Repo Rate

(c) Bank Rate 

(d) Marginal Standing Facility (MSF)

(e) Liquidity Adjustment Facility (LAF)

Q10.  National Housing Bank (NHB) was set up on ______________ under the National Housing Bank Act, 1987.

(a) 01st July 1956

(b) 02nd October, 1976

(c) 01st January 1934

(d) 21st May 1956

(e) 09th July 1988

Q11. National Housing Bank (NHB) is wholly owned/subsidiary of-

(a) NABARD

(b) SEBI 

(c) FICCI

(d) RBI

(e) DICGC

Q12. Who is the present Managing Director (MD) & Chief Executive Officer (CEO) of National Housing Bank (NHB)?

(a) Sriram Kalyanaraman 

(b) Harsh Kumar Bhanwala

(c) Kshatrapati Shivaji 

(d) Yaduvendra Mathur

(e) Upendra Kumar Sinha

Q13. Lead Bank Scheme (LBS) is administered by the Reserve Bank of India (RBI) since-

(a) 1949

(b) 1959

(c) 1969

(d) 1979

(e) 1989

Q14. There are the different categories under priority sector in banking. Which among the following is not under the priority sector? 

(a) Export Credit

(b) Agriculture 

(c) Social Infrastructure

(d) Education

(e) Corporate Sector

Q15. On 15th August 2014, India’s Prime Minister Narendra Modi has announced the launch of India’s most intensive financial inclusion mission titled “Pradhan Mantri Jan-Dhan Yojana” (PMJDY). What is the slogan of PMJDY?

(a) Gareeb Khata- Bhagya Vidhaata

(b) Mera Khata – Bhagya Vidhaata

(c) Bhartiya Khata- Bhagya Vidhaata

(d) Jan Dhan Khata- Bhagya Vidhaata

(e) None of the given options is true 

February 2017 banking awareness-7

Q1. Who was the first Chairman and Managing Director (CMD) of Exim Bank?

(a) Ravneet Kaur

(b) TCA Ranganathan

(c) RC Shah

(d) Kalyan Banerji

(e) Yaduvendra Mathur

Q2. ECGC Ltd. wholly owned by Government of India was set up in ______________ with the objective of promoting exports from the country by providing Credit Risk Insurance and related services for exports.

(a) 1935

(b) 1982

(c) 1964

(d) 1949

(e) 1957

Q3. ECGC is essentially an export promotion organisation, seeking to improve the competitiveness of the Indian exporters by providing them with credit insurance covers. What is the meaning of "G" in ECGC?

(a) Guarantee

(b) General 

(c) Government

(d) Grameen

(e) None of the given options is true

Q4. AIIB is a new multilateral financial institution founded to bring countries together to address the daunting infrastructure needs across Asia. AIIB stands for-

(a) Asian Infrastructure Investment Bureau

(b) Asian Infrastructure Investment Bank

(c) Association Infrastructure Investment Bank 

(d) Asian International Investment Bank 

(e) None of the given options is true

Q5. ICSID is one of the five organisations of the World Bank Group. What is the meaning of "D" in ICSID?

(a) Districts

(b) Division

(c) Development

(d) Disputes

(e) Department

Q6. The World Bank Group consists of how many organisations-

(a) One

(b) Two

(c) Three

(d) Four

(e) Five

Q7. The World Bank is like a cooperative, made up of --------------- member countries. These member countries, or shareholders, are represented by a Board of Governors, who are the ultimate policymakers at the World Bank. 

(a) 189

(b) 193

(c) 159

(d) 173

(e) 187

Q8. Name the agency, which is an agency to provide ‘soft-loans’ to developing countries?

(a) Asian Infrastructure Investment Bank (AIIB)

(b) Organisation of the Petroleum Exporting Countries (OPEC) 

(c) Asian Development Bank (ADB)

(d) World Trade Organization (WTO)

(e) International Development Association (IDA)

Q9. On July 15th, 2014 at the sixth summit in Fortaleza, Brazil the member countries signed the Articles for the New Development Bank (NDB). What is the authorised capital of NDB?

(a) USD 200 billion

(b) USD 300 billion

(c) USD 500 billion

(d) USD 100 billion

(e) None of the given options is true

Q10. The first Board of Governors meeting of the BRICS New Development Bank was held in ____________ on July 7th, 2015 where the Bank formally came into existence as a legal entity. 

(a) Manaus, Brazil

(b) Moscow, Russia

(c) Pretoria, South Africa

(d) New Delhi, India

(e) Beijing, China

Q11. The New Development Bank (NDB) aims to mobilise resources for development projects in BRICS, emerging economies and developing countries. Where is the headquartered of NDB?

(a) Durban, South Africa

(b) Brasilia, Brazil 

(c) Moscow, Russia

(d) Shanghai, China

(e) New Delhi, India

Q12. With an initial funding of $912.7 million, International Development Association (IDA) was launched on-

(a) 24th September 1960

(b) 17th December 1920

(c) 22nd November 1959

(d) 23rd May 1919

(e) 15th October 1945

Q13. NIBM was established in ____________________ by the Reserve Bank of India, in consultation with the Government of India, as an autonomous apex institution for research, training, education and consultancy in bank management.

(a) 1982

(b) 1949

(c) 1921

(d) 1934

(e) 1969

Q14. NIBM is part of the grand vision of giving a new direction to the banking industry in India and making the industry a more cost-effective instrument for national development. NIBM stands for-

(a) Non-Organisation Institute of Bank Management

(b) National Institute of Bureau Management 

(c) National Investment of Bank Management

(d) National Institute of Bank Management

(e) None of the given options is true

Q15. NIBM, an autonomous academic institution, is governed by a Board, its highest policy-making body. Where is the headquartered of NIBM?

(a) Nashik, Maharashtra

(b) Pune, Maharashtra

(c) Mumbai, Maharashtra

(d) Kolhapur, Maharashtra

(e) Nagpur, Maharashtra