For the development of the banking facilities in the rural areas the Imperial Bank of India was partially nationalised on— (A) June 1, 1940 (B) June 1, 1942 (C) July 1, 1955 (D) July 1, 1949 Answer: July 1, 1955 2. The Imperial Bank of India was named as the— (A) Reserve Bank of India (B) State Bank of India (C) Union Bank of India (D) Bank of India Answer: State Bank of India 3. Which is/are not an associated bank of SBI ? (A) The State Bank of Hyderabad (B) The Union Bank of India (C) The State Bank of Bikaner and Jaipur (D) The State Bank of Mysore Answer: The Union Bank of India 4. In order to have more control over the banks, 14 large commercial banks whose reserves were more than Rs. 50 crore each were nationalized on— (A) 19th July, 1969 (B) 19th July, 1970 (C) 19th July, 1971 (D) 19th July, 1972 Answer: 19th July, 1969 5. Which is not a nationalised bank ? (A) Bank of India (B) Canara Bank (C) AXIS Bank (D) Vijaya Bank Answer: AXIS Bank 6. When the Government of India merged the New Bank of India with Punjab National Bank ? (A) Sept. 4, 1993 (B) July 1, 1990 (C) July 1, 1993 (D) March 1, 1993 Answer: Sept. 4, 1993 7. Which is the Central Bank of India ? (A) The Central Bank of India (B) The State Bank of India (C) The Reserve Bank of India (D) The Union Bank of India Answer: The Reserve Bank of India 8. The RBI was established in— (A) 1935 (B) 1940 (C) 1947 (D) 1949 Answer: 1935 9. When RBI was set up, the Capital of the Bank was— (A) 500 crore (B) 50 crore (C) 15 crore (D) 5 crore Answer: 5 crore

10. The general administration and direction of RBI is managed by a Central Board of Directors consisting of– (A) 20 members (B) 15 members (C) 5 members (D) 25 members Answer: 20 members 11. RBI released Rs. 1000 currency note for circulation on— (A) October 1, 1970 (B) July 1, 1980 (C) October 9, 2000 (D) October 3, 2011 Answer: October 9, 2000 12. Which of the following instruments cannot be presented for payment in a clearing house ? (A) Demand draft (B) Dividends (C) Fixed deposit receipt (D) All of the above Answer: Fixed deposit receipt 13. The Security Printing Press at Hyderabad was established in— (A) 1982 (B) 1983 (C) 1980 (D) 1950 Answer: 1982 14. ‘‘Swabhiman’’ Scheme is related— (A) Rich Customers of the Bank (B) RRBs (C) To provide basic banking services to bankless villages (D) None of the above Answer: To provide basic banking services to bankless villages 15. When RBI has decided to circulate ‘Plastic Currency Notes’ in the market ? (A) July 1, 1999 (B) July 1, 2010 (C) July 1, 2011 (D) Sept. 1, 2011 Answer: July 1, 2010 16. Which is the measures of credit control ? (A) Quantitative credit control (B) Qualitative credit control (C) Budgetary control (D) Both (A) and (B) Answer: Both (A) and (B) 17. NPAs stands for— (A) Net Present Value (B) Non Preforming Assets (C) Net Pure Assets (D) Net Permanent Assets Answer: Non Preforming Assets 18. When was introduced the Differential Rate of Interest (DRI) ?

Which rate is not by RBI ? (A) Repo Rate (B) Reverse Repo Rate (C) Interest Rate (D) Bank Rate Answer: Interest Rate 3. What is meant by this real interest rate? (A) It is the actual rate that is received minus the charges and other costs which are at times not clearly mentioned (B) It is the compounded rate which is not indicated (C) It is the declared rate minus the inflation rate which is the real value of money (D) The actual yield over a period of time calculated on simple interest basis Answer: (C) 5. 2010 (D) April 1. When investment and savings options are discussed there is often reference to the real interest rate. What is National Payments Corporation of India? (A) It is an independent body set up by Indian Banks’ Association to monitor mobile payments (B) It is an autonomous body under the Finance ministry (C) It is an institution set up by RBI to handle the retail payments system (D) It is an organization under the Telecom Regulatory Authority for mobile transactions Answer: It is an institution set up by RBI to handle the retail payments system 8. Whom should he approach next? (A) Consumer protection court (B) RBI (C) Banking ombudsman (D) Finance ministry Answer: Banking ombudsman 9. Which Indian Bank has the maximum number of offices in abroad ? (A) Bank of India (B) SBI (C) Bank of Baroda (D) None of these Answer: SBI 1. A retail investor wishes to sell 500 units of his mutual funds holding as he is in need of money. 1989 (B) March 1. Which of them is the most liquid? (A) Bank fixed deposits due for maturity after three months (B) Money in ELSS mutual funds which are one year old (C) Gold bars and coins (D) Post office deposits payable on demand Answer: Post office deposits payable on demand 2. At what price will his mutual funds units be calculated? (A) At the current NAV prices . Why are these loans known as non performing? (A) Recovery of bank’s funds are difficult (B) Interest on these accounts are not charged (C) Banks have to make provision for these loans in their balance sheet (D) All of the above Answer: All of the above 7.(A) In 1972 (B) In 1990 (C) In 2009 (D) In 2011 Answer: In 1972 19. A bank customer could not get his grievance resolved by his bank even after referring his complaint to the designated official. 2010. 2011 Answer: April 1. Inter bank mobile payments service has been launched by National Payments Corporation of India to facilitate transfer of money using cell phones. When was addopted. Islamic banking is likely to be introduced as an alternative banking model on the basis of demand. New strategy for Rural Lending : Service Area Approach ? (A) April 1. Since his complaint was regarding excess interest charged in his loan account he was desperate to settle the matter. An individual has the following investments. Non performing assets are cause for serious concerns for banks. Of the following class of people in India which are the financially excluded? (A) Artisans and craftsmen (B) Agricultural landlords (C) Landless farmers (D) Urban domestic workers Answer: Landless farmers 6. 2007 (C) April 1. 1989 20. What is the special feature? (A) Meant only for a particular section of people (B) It is based on Shariat law (C) Bank branches are not required (D) Can be accessed only through mobiles Answer: It is based on Shariat law 4. As on June 30.

RBI has recently revised the rule to fix interest rate on savings accounts in banks.0 percent (D) 3.(B) The prevailing stock prices of the units (C) At 10 per cent of his buying price plus the original cost (D) The current NAV price less 2 per cent Answer: At the current NAV prices 10. To which rate are these interest rates linked? (A) Prime lending rates (B) Base rate (C) RBI administered rates (D) The bank rate Answer: Base rate 11. SEBI allows retail investors to apply for shares of Initial Public Offerings without actual transfer of their funds from their accounts. What is this facility known as? (A) Systematic transfer plans (B) Systematic investment plans (C) Hedge fund accounts (D) ASBA Answer: ASBA 12. Just like banks have to maintain a stipulated capital adequacy ratio similarly non banking finance companies NBFCs are also required to do so. While investing in mutual funds there is a choice between equity funds and debt funds besides others. Biometric cards are used when banking correspondents do business at unbanked centres. Even though mutual funds invest their resources in the stock markets it is still considered safer than investing directly in stocks. What are the security features of biometric cards? (A) They carry a unique identification number (B) Their password is alpha numeric (C) They have scan of finger prints and the iris (D) They have location details of the card holder Answer: They have scan of finger prints and the iris 14. Banks have different interest rates for different loan products. Employees are required to compulsorily deposit funds in their provident fund account from their monthly salary. 1949 (B) January 1. What is the revised rate? (A) 3.5 per cent (B) It is regulated by individual bank concerned (C) 3.75 per cent Answer: It is regulated by individual bank concerned 19. How is this account described? (A) Pension fund account (B) Tax savings account (C) Public provident fund account (D) Monthly income scheme account Answer: Public provident fund account 13. 1950 (C) March 1. 1935 (D) March 1. What is the percentage of population who are covered by life insurance? (A) 20 per cent (B) 6 per cent (C) 10 per cent (D) None of these Answer: 10 per cent 17. When Reserve Bank of India nationalised ? (A) January 1. 1940 Answer: January 1. The Indian Banking Act was passed in— (A) March 1949 (B) March 1948 (C) March 1947 (D) March 1946 Answer: March 1949 . What is the minimum stipulation for NBFCs? (A) 15 per cent (B) 12 per cent (C) 10 per cent (D) 8 per cent Answer: 15 per cent 18. There is another provident fund account which post offices/banks are authorized to open for the general public. Life insurance penetration in India is not satisfactory. Why is it so? (A) The risk is spread over a number of stocks in case of mutual funds and managed professionally (B) There are more number of people investing in mutual funds (C) Investing is not done by the investor (D) The mutual fund company is careful not to lose money Answer: (A) 16. 1949 20. What is the basic difference between equity and debt funds? (A) Debt funds are less riskier than equity (B) Equity funds may give higher returns (C) Debt funds are likely to give assured returns (D) All of the above Answer: All of the above 15.

SLR refers to— (A) That portion of total deposit of a commercial bank which it has to keep with itself in the form of case reserves (B) Interest Rate (C) Bank Rate (D) Repo Rate Answer: (A) 12. 2011 (D) October 1. 2012 (B) March 17. 2012)— (A) GDP growth projection maintained at 10% (B) Credit growth projection for 201213 cut to 8%. SHG stands for— (A) Self High Group (B) Self Help Group (C) Saving High Group (D) Self Help Goods Answer: Self Help Group 2. In Monetary and Credit Policy 2012-13. 2011 Answer: December 16. 575000 crore institutional credit to agriculture sector during— (A) 2012-13 (B) 2013-14 (C) 2014-15 (D) 2016-17 Answer: 2012-13 4. 575000 crore 3. 2010 13. What is the base year of newly introduced Consumer Price Index (CPI) ? (A) 2004-05 (B) 2010 (C) 2011 (D) 2012 Answer: 2010 8. Cash Reserve ratio kept— (A) At 7% (B) At 8% (C) At 4•75% (D) At 9% Answer: At 4•75% 10. 18500 crore (D) Rs. 2010 (B) July 1. 4050000 crore (C) Rs. On April 17. In RBI's Monetary and Credit Policy 2012-13 (Announced on April 17. What is Bank Rate (As on April 17. What is the target of the Government of India for the year 2012-13 to the agriculture sector ? (A) Rs. When RBI reduced SLR from 25% to 24% ? (A) December 16. 2012) ? (A) 9•0% (B) 7 % (C) 8% (D) 6% Answer: 9•0% 15. RBI announced its Monetary & credit policy 2012-13 on— (A) January 1. Planning Commission has lowered the poverty line from `32 per day to— (A) `28 (B) `29 (C) `30 (D) `31 Answer: `28 9. 575000 crore (B) Rs. 2012 Answer: April 17. 2012 7. 16390 crore Answer: Rs. India Millennium Deposit (IMD) scheme was launched by the— (A) SBI (B) RBI (C) UTI (D) UBI Answer: SBI 6. 2012 (D) May 4. The Banking Regulation (Amendment) Bill 2004 was introduced for— (A) Privatisation of Bank (B) Credit Control (C) For removing 10% cup on voting rights and also encouraging foreign banks to set up subsidiaries and attract foreign investment (D) Bank Rate Answer: (C) 5. (C) Money supply growth target reduced to 10% (D) Repo rate reduced from 8•5% to 8•0% Answer: Repo rate reduced from 8•5% to 8•0% 11. 2012 Repo Rate fixed at— . Under Microfinance. The government has put a target of disbursing Rs. 2012 (C) April 17.1. 2011 (C) July 16. Which is more closed to Base Rate of the Banks? (A) Repo Rate (B) Reverse Repo Rate (C) PLR (D) CRR Answer: PLR 14.

2010 Answer: June 15.V. NSE-50 is renamed as— (A) SIMEX (B) Top 100 (C) S $ PCNX Nifty (D) MID–100 Answer: S $ PCNX Nifty 4. 1990 11. In case of NPA norms interest on advance should be more than— (A) 170 days (B) 365 days (C) 180 days (D) 95 days Answer: 180 days 12. Kanoria (C) Raj Kumar Dhoot (D) Siddharth Birla Answer: R. Who has replaced Harsh Mariwala as President FICCI in January 2012 ? (A) Sunil Kanoria (B) R. RBI introduced a Banking Ombudsman Scheme in the country on— (A) June 1. 1995 8. Birala Committee (D) None of these Answer: Narasimhan Committee 10. 1. Which is the Indian Share Price Index ? (A) Dolex (B) Sensex (C) Nifty Fifty (D) All of these Answer: Sensex 2. RBI constituted a committee under the Chairmanship of Sri M. MIBOR and MIBID was launched by NSE on— (A) June 15. Which is the largest Private Sector Bank in the country ? (A) HDFC Bank (B) ICICI Bank (C) Kotak Mahindra Bank (D) AXIS Bank Answer: ICICI Bank 20. Kanoria 7. 1995 (D) June 1. 1991 (B) July 1. 1998 (B) June 1. 2009 (D) Sept. 1998 . 1. 2009 (D) July 1. What is CRAR for all Indian banks ? (A) 3% (B) 9% (C) 6% (D) 8% Answer: 9% 6. 1991 9. 2010 Answer: Sept.R. 1. 2009 (C) June 14. Debt Recovery Tribunals is situated at— (A) Delhi (B) Agra (C) Kota (D) Chandigarh Answer: Delhi 5. 1992 (B) Sept. 2010 (B) June 1. Goiporia in— (A) Sept.V. Which bank is the largest Public Sector bank in the country ? (A) Union Bank of India (B) HDFC (C) RBI (D) SBI Answer: SBI 19. On June 30. Which is not correct ? (A) Bank Rate : 9•0 % (B) Reverse Repo Rate : 7•0 % (C) Repo Rate : 8•0 % (D) SLR : 40% Answer: SLR : 40% 17. 2007 (C) June 1. 2005 (C) July 1. 2011 how many branches of SBI and Group were working in the country ? (A) 17976 (B) 18200 (C) 67300 (D) 62650 Answer: 17976 1. 2010 Answer: August 14. At present how many commercial banks in Public Sector are working in the country ? (A) 27 (B) 30 (C) 35 (D) 18 Answer: 27 18. 1. Which committee is set up for financial reforms? (A) Narasimhan Committee (B) Khanna Committee (C) K. When Narasimhan Committee constituted by the Government of India ? (A) August 14. NIKKEI is the Share Price Index of— (A) India (B) USA (C) Tokyo (D) Bangladesh Answer: Tokyo 3.(A) 8•75% (B) 8•25% (C) 8•0% (D) 8•50% Answer: 8•0% 16. 1. 2011 Answer: June 14. 2009 (D) July 1.N. 1990 (C) Sept.

. The paid up capital of NABARD stood at . 2007 Answer: April 12.. 1990 (C) July 1. 2010. 2000 crore 19. 2005 (D) July 1. 450 crore (C) Rs.. 1982 18. 5000 crore Answer: Rs.13. 2000 crore (C) Rs. on March 31. 1988 (D) April 1. 450 crore 17.. 12000 crore (B) Rs. NABARD was established on— (A) July 12. SEBI was constituted on— (A) April 1. 1988 15. 1979 (C) April 12. 400 crore (B) Rs. L1 is used for— (A) Liquidity aggregates (B) Lower Rate (C) Liability Rate (D) All of these Answer: Liquidity aggregates . (A) Rs.. 2009 Answer: July 12.. 1982 (B) July 1. 1300 crore (D) Rs. 1956 (B) April 1. Which is not Monetary aggregates ? (A) M0 (B) M1 (C) M3 (D) M4 Answer: M4 20. 1800 crore Answer: Rs. Which is a reference rate of NSE ? (A) YES (B) SARFAESI (C) MIBID (D) MID DAX Answer: MIBID 14... 2009)— (A) Rs. 500 crore (D) Rs. The paid up capital of National Housing Bank stood at (on June 30. Mutual Fund controlled and regulated by— (A) SEBI (B) RBI (C) IRDA (D) SBI Answer: SEBI 16.

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