SYNDICATE INSTITUTE OF BANK MANAGEMANT,MANIPAL

FINANCIAL AWARENESS - PAPER II PPTO 2017

(TCB/TCM)

1.

How much amount RBI allows in 'Tap and pay' transactions without PIN?
1) Rs. 2000 2) Rs. 2500 3) Rs. 3000 4) Rs.4000 5) Rs.5000

2.

Which telecom company has received payments bank licence from RBI ?
1) Airtel 2) Vodafone 3) Reliance Communications 4) Aircel 5) Telinor

3.

The Reserve Bank on May 12, 2016 ssued new guidelines on ownership n private
sector banks. Prior RBI
approval will be required if someone wants to
increase shareholding/voting rights to .............or more
1) 2%
2) 5%
3) 8%
4) 10%
5) 12%
Prior approval of RBI will be required by foreigners wanting to open
branch/liaison/project office in India in four sectors from May 2016. Which of the
following is not among the Four sectors
1) Defence 2) Pharmaceuticals 3) Telecom
4) Private Security 5) Information & Broadcasting

4.

5.

Capital Gains Tax is not levied on income from shares sold after ...........of purchase
1) 3 Months
2) 6 Months
3) 9 Months 4) 12 Months
5) 18 Months

6.

The Government announced new FDI norms for asset reconstruction companies in
May 16. FDI in ARCs under automatic rout is available up to....................
1) 33% 2) 49% 3) 51% 4) 74% 5)100%

7.

External Commercial Borrowings to start-ups permitted upto............per financial year

1) 2 Million $
2) 3 Million $
3) 4 Million $ 4) 5 Million $ 5) 10 Million $

8.

India ranks -----------------in the world in terms of Financially Excluded Households

1) First 2) Second
3) Third 4) Fourth
5) Fifth

9.

"Basel Committee on Banking Supervision" is also known as_______.

1) Bank for International Settlements Committee
2) Banking Regulation Committee
3) Financial Stability Board
4) Global Financial System
5) BBB

10.

Which one of the following organisations has been set up to facilitate connectivity
between the Bank's switches and their ATMs, and inter bank payment gateway for
authentication and routing the payment details of various e-commerce transactions?
1) IBA 2) IDRBT 3) IRDA 4) SIDBI 5) SIDBI

11.

Which among the following made the initial contribution for setting up Financial
Inclusion Fund and Financial Inclusion Technology Fund?
1) Government of India, NABARD and RBI
2) NABARD, UTI and RBI
3) SIDBI, Government of India and IDBI Bank
4) SIDBI, NABARD and UTI
5) IDRBT,SIDBI,RBI

SYNDICATE INSTITUTE OF BANK MANAGEMANT,MANIPAL

12. Which one of the following is called the frequent changes made by Banks in their
Product profile?
1) Product Control
2) Product Enhancement
3) Product Enrichment
4) Product Marketing
5) Product pricing
13. Which of the following organizations/ agencies has sought an emergency fund of
Rs.1000 crore from banks to tackle acute liquidity crisis, which is coming in the way
to give loans to micro borrowers?
1) Regional Rural & Co Operative Banks
2) RBI
3) Microfinance Institutions
4) NABARD
5) IDRBT
14.Ashok Kumar Mathur is associated with which of the following
institutions/commissions?
1) GST 2) 7 th Pay commission 3) Draft Committee on CSR
4) Tax Administration Reform Commission
5) BBB
15. According to the new Company Act, 2013 companies earning profits have compulsorily
to invest ..per cent of their profit on Corporate Social Responsibility (CSR)
1) 1 2) 2 3) 3 4) 4

5) 5

16. Who headed the RBI-constituted committee to examine the recommendations of

Financial Sector Legislative Reforms Commission (FSLRC)
1) G GopalaKrishna 2) Nachiket Mor 3) Parthasarathy Shome
4) K C Chakravarthy 5) Raghuram Rajan
17. Banco Espirito Santo (BES), which came to news recently, is a leading bank of
which country currently going through a banking crisis?
1) Spain 2) Portugal 3) Cyprus 4) Greece 5) Mauritius
18.

Which African country is going through the process of de-monetization of its

currency due to hyper-inflation as high as 500 billion per cent in the recent
1) Burundi
2) Zimbabwe
3) Ethiopia
4) Somalia
5)Nigeria

times?

19.

What was the fund allocated towards recapitalization of Banks in Union Budget
1) 20000 cr 2) 25000 Cr 3) 30000 Cr 4) 35000 Cr 5) 500000 Cr

20.

What is the targeted Sanction Amount under Pradhan Mantri Mudra Yojana
1) 1,80,000 Cr 2) 2,00,000 Cr 3) 2,20,000 Cr 4) 2,40,000 Cr 5) 2,50,000 Cr

SYNDICATE INSTITUTE OF BANK MANAGEMANT,MANIPAL

21.

What is the maximum amount of loan which can be given under Startup India
Scheme
1) 10 Lac 2) 1 Crore 3) 2 Crore 4) 5 Crore 5) 10 Crores

22.

What is the maximum age upto which loans under PMEGP can be given
1) 40 years 2) 45 Years 3) 50 years 4) 55 years 5) 60 years

23.

What is the maximum monthly pension for the subscribers under Atal Pension
Yojana?
1) Rs 2000 2) Rs 3000 3) Rs 4000 4) Rs 5000 5) Rs 10000

24.

Largest shareholder (in percentage shareholding) of a Nationalized bank is ?

1) RBI 2) NABARD 3) LIC 4) Govt. of India
5) IBA

25.

Who among the followings has been appointed as a director on board of Bank of
America the first non-American on the board of the one of the largest financial
institutions in the world?
1) Azim Premji
2) Ratan Tata
3) Mukesh Ambani
4)K.V.Kamath
5) Chanda Kocher

26.

On 23 April 2015, RBI revamps priority sector lending norms in the case of home
loans. As per these norms loans of up to Rs.28 lakh to individuals in metropolitan
centres will qualify as Priority Sector Lending, provided the overall cost of the
dwelling unit is __
1) Rs.501akh 2) Rs.30 lakh 3) Rs.55 lakh 4) Rs.45 lakh 5) Rs.35 lakh

27.

In the Banking terminology, Green PIN means _

1) the bank ask the customer to open the account in online only, and no printed
application will be given
2) The ATM withdrawal receipt given in the Green color to recognize easily
3) The display in ATM appear in Green Color when it asking the customer to type PIN
number
4) Card-users were given the PIN numbers electronically rather than in a printed kit
5) Issuing Rupay cards in lieu of old cards

28.

The RBI has come out with a new concept of bank licensing termed as Differentiated
Bank Licence, A differentiated bank licence will allow a bank to _
1) open branches in only identified geographical areas.
2) deal branches in only identified class of customers.
3) offer products only in select verticals
4) offer services to specified institutions / customers
5) operate on principles of uni1 banking

29.

Which of the following statements is incorrect in respect of banking sector, as per the
decision taken in Parliament recently?
1) The RBI will create framework for licenses of small banks
2) Every Panchayat to have at least one small bank by 2019
3) Banks to be permitted to raise term funds to lend to infrastructure with minimum
regulations
4) Public sector banks need 40 lac enquiries to conform to Basel- III norms by 2018
5) Banks capital to be raised through retail sale of shares while government to
continue to majority in PSU banks

SYNDICATE INSTITUTE OF BANK MANAGEMANT,MANIPAL

30.

The Phase II of PMJDY (15th August, 2015 to 14th August, 2018) covers .......
1) Providing micro-insurance.
2) Unorganised sector Pension schemes like Swavalambana through the Business
Correspondents.
3) All basic savings accounts opened will be shifted to PMJDY accounts.
4) Facility to buy immovable property through PMJDY accounts.
5) 1 & 2 only

31.

ELSS means
1) Entry Load Shares Scheme
2) Entry Load Starting Shares
3) Equity Linked Savings Scheme
4) Equity Linked Shares Sold
5) Employee Level Salary Scheme

32.

What is the term for a bank without any branch network that offers its services
remotely?
1) Virtual Bank
2) Direct Bank
3) Lending Institution
4) Indirect Bank
5) Online Bank

33.

The proposed Micro Units Development Refinance Agency (MUDRA) Bank first set up as a
subsidiary of the _
1) NABARD
2) SBI
3)EXIM Bank
4) SIDBI
5) IDBI

34.

Objective to skill 1 crore youth in the next 3 years under the .

1) Startup, Standup
2) PM Kaushal Vikas Yojna
3) PM Rozgaar Bhatta Yojna
4) Deen Dayal Upadhyaay Grameen Kaushalaya Yojna
5) PMJDY

35.

Technological Advancement in the recent times has given a new dimension to banks,
mainly to which one of the following aspects?
1) New Age Financial Derivatives
2) Service Delivery Mechanism
3) Any Banking
4) Any type Banking
5) Multilevel Marketing
In relation to banking, what do understand by Ever-Greening of Account?
1) Full repayment of a loan ac before maturity Pre-payment
2) Full repayment of a loan ac exactly at maturity
3) Fresh Loan sanctioned during the tenure of account for enhancement
limits
4) Adjusting the NPA/Sticky ac with fresh sanction of loans
5) Loans provided for new project new customers

36.

SYNDICATE INSTITUTE OF BANK MANAGEMANT,MANIPAL

37.

What is offshore banking?

1) It is a bank located in the sea
2) It is a bank located in SEZ
3) It is a bank located in a neighboring country
4) It is a bank located outside the country of residence of the depositor
5) Basically dealing in foreign exchange

38.
Maximum compensation an Ombudsman is empowered to award in respect of
deficiency in service of the Credit Card operations is __
1) 50000
2) Rs. 1 lakh
3) 25000
4) Rs. 10 lakh
5) Rs. 5 lakh
39.

Which of the following committees has recommended Universal Electronic Bank

Account (UCBA) for every resident to be made available at the time of issuing the
Aadhar Number?
1) Nachiket Mor Committee
2) Shyamala Gopinath Committee
3) Urjit Patel Committee
4) C Rangarajan Committee
5) Dipak Mohanthi Committee

40.

The Depositor Education and A war Fund (DEAF) has been set up with _
1) Public Sector Banks
2) State Bank of India
3) Reserve Bank of India
4) Indian Banks Association
5) Government of India

41.

As per Basel III, banks would be required to maintain Capital Adequacy Ratio of
including Capital conservation (CCB)?
1) 11.5
2) 10.5
3) 9.5
4) 8.5
5) 12.5

42.

The network for common data communication for banks and FIs launched by RBI
1) BANKNET
2) INFINET
3) SWIFT
4) INTERNET
5) EXTRANET

43.

Which of the following became the first public sector company to raise funds with the
launch of its Green Masala Bond on the London Stock Exchange(LSE) ?
1) BHEL
2) ONGC
3) SAIL
4) NTPC
5) GAIL

SYNDICATE INSTITUTE OF BANK MANAGEMANT,MANIPAL

44.

An online finance facilitation portal for Micro, Small and Medium enterprises was
launched by the government in Aug 16. MSMEs can now apply for loans from banks
on which of the following portals ?
1) IFCI (Industrial Finance Corporation of India)
2) IDFC (Infrastructure Development Finance Company)
3) IDBI ( Industrial Development Bank of India)
4) NSIC (National Small Industries Corporation)
5) SIDBI (Small Industries Development Bank of India)

45.

Centre has constituted national committee on trade facilitation in consequence of

Indias ratification of the World Trade Organization Agreement on Trade Facilitation in
April 2016. The committee will be headed by
1) RBI Chairman
2) Chief Economic Advisor
3) NITI Aayog chairman
4) SEBI Chairman
5) Cabinet Secretary

46.

A scheme has been launched by the MSME Ministry to assess creditworthiness and
capabilities of industries in the sector. What is it called?
1. Performance and Credit Rating Scheme
2. Zero Defect Zero Effect Certification
3. Performance and Economy Rating Scheme
4. Performance linked collection Scheme
5. No Such Scheme

47.

RBI will purchase back indexed bonds maturing in which year?

1) 2022
2) 2023
3) 2024
4) 2025
5) 2026

48.

RBI has permitted banks to bring down SLR securities under HTM category by 1.25
percent to what percent in January 2017?
1) 18.50 percent
2) 20.50 percent
3) 30.50 percent
4) 35.50 percent
5) 37.00 percent

49.

RBI has issued uniform guidelines on what form of banking for all licensed
cooperative banks on 5th November 2015?
1) Internet banking
2) Mobile banking
3) Phone banking
4) Branch Banking
5) Peer Banking

50.

Reserve Bank of India (RBI) has asked banks to provide loans up to----- at ----------interest rate to Women Self-Help Group (SHG). This loan scheme must be provided
under the National Rural Livelihoods Mission (NRLM)-Aajeevika scheme during
2015-16.
1) Rs 5 lakh at 7 per cent
2) Rs 3 lakh at 7 per cent
3) Rs 5 lakh at 9 per cent
4) Rs 3 lakh at 9 per cent
5) Rs 5 lakh at 10 per cent

SYNDICATE INSTITUTE OF BANK MANAGEMANT,MANIPAL

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