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1. Periodically Reserve Bank of India (RBI) reviews a few SLR norms. SLR stands for? a) Statutory Liquidity Ratio b) Statutory Liquidity Rate c) Statutory Liquidity Return d) Statutory Liquidity Repo e) None of the above 2. In the recent months, Indian Rupee depreciated heavily against US Dollar. Rupee depreciation means? a) Value of Rupee decreasing against a basket of currencies b) Less number of Rupees per US Dollar c) More number of Rupees per US Dollar d) Less number of Dollars per Rupee e) None of the above 3. In India, Commodities Market is regulated by? a) Forward Market Commission b) Forward Market Committee c) Forward Market Corporation d) Forward Market Council e) None of the above

4. Food Security Bill is recently passed by Parliament. What does the Food Security Bill intend to achieve? a) At least 3kg of food grains per person per month to be given to general category households, at prices not exceeding 50% of Minimum Support Price. b) Up to 75% of the rural population and up to 50% of urban population are to be covered under Targeted Public Distribution System. c) Children aged six months to 14 years would get take-home ration or hot cooked food. d) The oldest adult woman in each house would be considered the head of that household when issuing the ration card. e) All of the above 5. FIPB stands for? a) Foreign Investment and Production Board b) Foreign Investment and Promotion Board c) Foreign Investment and Promotion Bureau d) Foreign Investment and Protection Board e) None of the above In India, Capital Markets are regulated by? a) Securities and Exchange Board of India


b) c) d) e) 7.

Reserve Bank of India State Bank of India International Monetary Fund None of the above

RAND is the currency of ? a) China b) Japan c) North Korea d) South Africa e) None of the above

8. Recently RBI took several steps to control Rupee depreciation. Due to Rupee depreciation? a) Exports become costlier b) Imports become costlier c) Imports become cheaper d) Both (a)&(c) e) None of the above 9. India's GDP growth is slowing down. GDP means? a) Gross Domestic Product b) Gross Domestic Poverty c) Gross Demand Production d) Gross Demand Product e) None of the above

10. Chakravarthy Rangarajan is? a) Governor of Reserve Bank of India b) Director of Securities and Exchange Board of India c) Chairman of Prime Minister Economic Advisory Council d) Chairman of State Bank of India e) None of the above 11. International Monetary Fund (IMF) works to foster global monetary cooperation, promote high employment and sustainable economic growth. Who is the current managing director of IMF? a) Kaushik Basu b) Dr. Y V Reddy c) Jim Yong Kim d) Christine Lagarde e) None of the above 12. Air-Asia India is the new proposed Airline in India. It tied up with the following Industrial group for its launch in India? a) TATAs b) Reliance group c) Aditya Birla group

d) Infosys e) None of the above 13. Raghuram Rajan became the 23rd RBI Governor on 5th September 2013. Whom did he succeed? a) Dr Y V Reddy b) D Subba Rao c) Bimal Jalan d) Dr Rangarajan e) None 14. IRDA headquarters located in which City? a) Mumbai b) Bangalore c) Hyderabad d) Chennai e) None of the above 15. Arundathi Battacharya was recently in the news. She is? a) Managing Director of SBI b) Chairman of Punjab National Bank c) CEO of ICICI Bank d) CEO of Axis Bank e) None of the above 16. India's CAD was 4.8% of GDP in 2012-13. CAD means? a) Current Amount Deficit b) Current Account Deficit c) Current Asst Debt d) Common Account Deficit e) None of the above 17. Which of the following is NOT matched? a) C B Bhave - SEBI b) Rangarajan - Planning Commission c) Raghuram Rajan - RBI d) T S Vijayan - IRDA e) Yogesh Agarwal - PFRDA 18. Who is the Chairman of the Planning Commission? a) P. Chidambaram b) Monteksingh Ahluwalia c) Raghuram Rajan d) Manmohan Singh e) None of the above

19. As per findings of the recent Raghuram Rajan Committee report which State is the most developed? a) Kerala b) Goa c) Gujarat d) Tamilnadu e) None of the above 20. As per the insurance bill, 2013, Foreign Investors can hold up to? a) 51% of the capital in an Indian insurance company b) 39% of the capital in an Indian insurance company c) 49% of the capital in an Indian insurance company d) 29% of the capital in an Indian insurance company e) None of the above 21. Statutory liquidity ratio(SLR) refers to the amount that the commercial banks require to maintain with RBI. What are the permitted SLR investments? a) Only Gold b) Gold or Govt approved Securities c) Only Govt approved Securities d) Only Cash e) None of the above 22. Direct Taxes Code (DTC) is intended to be introduced in the monsoon session of Parliament. DTC seeks to replace? a) Indian Contract Act b) Indirect Tax Act c) Income-Tax Act d) Banking Regulation Act e) None of the above 23. In July 2013, RBI notified that Non-CTS Cheques are valid till the end of year 2013. CTS means? a) Cheque Truncation System b) Cheque Transaction System c) Cheque Transmission Service d) Cheque Transport Service e) None of the above 24. In July 2013, SEBI Act was amended to curb Ponzi schemes. Ponzi Scheme means? a) Name of a Mutual Fund Scheme to earn higher returns b) Collective investment Schemes floated by fly by night operators c) Name of a Bank Deposit Product d) Name of a Health Insurance scheme


None of the above

25. The minimum rate of Interest charged by a Bank from Customers on the loans is? a) Base Rate b) Bank Rate c) Prime Rate d) Prime Lending Rate e) None of the above 26. Which of the following is NOT true with regard to FCNR Accounts? a) NRIs can open the Account b) Can be opened in 'Permitted Currency' only c) Minimum Term is 1 year d) Maximum Term 5 years e) None of the above 27. REPO rate means? a) Rate at which the RBI will borrow from the banks b) Rate at which banks will borrow from other banks c) Rate at which the RBI lends to banks d) Rate at which banks lend to customers e) None of the above 28. Fiscal Deficit Refers to? a) The difference between the government's total expenditure and its total receipts (including borrowing) b) The difference between the government's total expenditure and its total receipts (excluding borrowing) c) The difference between the government's Tax collections and Salary payments d) The difference between the government's Tax collections and government's Borrowings e) None of the above 29. "DAX" is the stock market in? a) Germany b) USA c) France d) Hongkong e) None of the above 30. After retirement, Ratan Tata was made the Chairman Emeritus of Tata Sons. Who succeeded Ratan Tata as Chairman of Tata Sons? a) Cyrus Mistry b) Niira Radia c) Mukesh Ambani d) Nandan Nilekani

e) None of the above 31. Yellow Metal refers to? a) Copper b) Silver c) Platinum d) Gold e) None of the above 32. Who is the Chairman of the committee set up to scrutinize applications for new Bank licenses? a) Usha Thorat b) Bimal Jalan c) C B Bhave d) S Damodaran e) None of the above 33. Who is the World Bank President? a) Christine Legrade b) Jim Yong Kim c) Raghuram Rajan d) Monteksingh Ahluwalia e) None of the above 34. Ben Bernanke is the Chairman of Federal Reserve. What is Federal Reserve? a) Central Bank of UK b) Financial wing of the World Bank c) Central Bank of USA d) European Union Central Bank e) None of the above

1) a; 2) c; 3) a; 4) e; 5) b; 6) a; 7) d; 8) b; 9) a; 10) c; 11) d; 12) a; 13) b; 14) c; 15) a; 16) b; 17) b; 18) d; 19) b; 20) c; 21) b; 22) c; 23) a; 24) b; 25) a; 26) e; 27) c; 28) b; 29) a; 30) a; 31) d; 32) b; 33) b; 34) c Posted by BANKING AWARENESS at Monday, October 07, 2013 No comments: Email ThisBlogThis!Share to TwitterShare to Facebook

Tuesday, 10 September 2013

1. The first Indian bank to open a branch outside India in London in 1946? a) SBI

b) PNB c) BOB d) Canara Bank e) BOI 2. Coins are minted at ? a) Mumbai b) Hyderabad c) Noida d) Kolkatta e) All of these Which of the following is not a function of commercial bank? a) Providing project finance b) Selling mutual funds c) Deciding policy rates like CRR, Repo rates/SLR etc. d) Settlement of payments on behalf of the customers e) Providing services such as locker facilities, remittances etc..


4. The New Capital Adequacy Frame work prescribed for the banks is commonly known as? a) KYC norms b) Credit Policy c) Basel accord d) Fiscal Policy e) None of these 5. a) b) c) d) e) Expand the term FRBM? Financial Responsibility and Business management Fiscal Responsibility and Business management Financial Responsibility and Budget Management Fiscal Responsibility and Budget Management Formal Responsibility and Business Management

6. What is an Indian Depository Receipt? a) A deposit account with a Public Sector Bank b) A depository account with any of depositories c) An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company d) An instrument in the form of deposit receipt issued by Indian depositories e) None of these 7. Land Development Banks form a part of the? a) Commercial Banks b) Industrial Development Bank of India c) Food Corporation of India

d) Co-operative Credit Structure e) None of these 8. Which of the following cannot be called as a value Added Service offered by bank? a) Special Accounts for poor sections of society b) Accident Insurance Cover c) Instant credit of outstations cheques d) free cheque books e) All of these 9. The minimum number of women required for formation of women groups under Development of women and children in Rural Areas Programme is? a) 20 b) 15 c) 10 d) 05 e) None of these 10. What is the full form of 'FINO', a term we see frequently in financial newspapers? a) Financial Investment Network and Operations b) Farmer's Investment in National Organization c) Farmers Inclusion News and Operations d) Financial Inclusion Network and Operations e) None of these 11. With an aim to provide better services to the debit card holders, the Reserve Bank of India (RBI) has directed all commercial and public sector banks to introduce new Automated Teller Machines (ATM) that can deliver lower denomination notes such as? a) Rs 10 b) 20 c) 50. d) None of the above e) All the above 12. Which of the following banks is limited to the needs of agriculture and rural finance? a) RBI b) SBI c) IFC d) NABARD e) Axis Bank 13. Open-market operations of Reserve Bank Of India refer to? a) Trading in securities b) Auctioning

c) Transaction in gold d) All of these e) None of these 14. Which of the following has introduced a new tool named Data Warehousing and Business Intelligence System for speedy analysis of data and identifica-tion of violations? a) IRDA b) SBI c) RBI d) TRAI e) None of these 15. The Reserve Bank hiked the limit for foreign investment in Asset Reconstruction Companies (ARCs) from the earlier cap of 49 percent to? a) 74 % b) 47 % c) 57 % d) 72 % e) None of the above 16. Which of the following is NOT the part of the scheduled banking structure in india? a) Money Lenders b) Public Sector Banks c) Private Sector Banks d) Regional Rural Banks e) State Co-operative Banks 17. Who is the chairman of the committee constituted by RBI to study issues and concerns in the Micro Finance Institutions sector? a) Y.H. Malegam b) Dr K.C.Chakraborty c) C.Rangarajan d) M.Damodaran e) Smt Usha Thorat 18. An instrument of qualitative credit control in india is? a) Open market operations b) Credit rationing c) Change in reverse ratio d) Bank rate policy e) None of these 19. Which of the following is the full form of the term SLR as used in the banking sector? a) Social Lending Ratio

b) Statutory Liquidity Ratio c) Scheduled Liquidity Rate d) Separate Lending Rate e) None of these 20. World Bank Headquarters is in? a) India b) USA c) Switzerland d) Japan e) UK

1) e; 2) e; 3) c;4) c; 5) d; 6) c; 7) d; 8) d; 9) c; 10) a; 11) e; 12) d; 13) a; 14) b; 15) a; 16) a; 17) a; 18) b; 19) b: 20) b.