Banking Awareness PDF

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Banking Awareness Question Bank
1. Banking Ombudsman is appointed by

a) SEBI
b) NABARD
c) RBI
d) None of these
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2. Name of Union Territory which as recently presented a tax free budge of Rs.6100 Crore for
the union territory:
a) Chandigarh
b) Puducherry
c) Dadra Nagar Haweli
d) None of these
3. Maximum age for retirement for MD/CEO of all private banks is

a) 60 years
b) 65 years
c) 70 years
d) None of these
4. Two new Savings Bank products for children namely ‘PehlaKadam and PehliUdaan’
introduced by
a) State Bank of India
b) United Bank of India
c) Axis Bank
d) None of these
5. 'Financial Exclusion' is:

a) Exclude the Finance
b) Lack of Access to Financial Services
c) Instability of Financial Services
d) None of these
6. Vijay Mallya as 'Willful Defaulter' is declared by:

a) United Bank of India
b) Canara Bank
c) Dena Bank
d) None of these
7. Mutual Funds are regulated by:

a) Reserve Bank of India
b) Securities and Exchange Board of India
c) Mutual Funds Board of India
d) None of these
8. To solve the problems of Balance of Payments of membercountries is function of:

a) World Bank
b) IMF
c) GATT
d) None of these
9. Which term is not associated with banking operations:

a) Equator
b) Prime Lending Rate
c) Corporate Finance
d) None of these
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10. U.T.I. officially changed into:

a) Vijaya Bank
b) Dena Bank
c) Axis Bank
d) None of these
11. Regulatory Authority for Regional Rural Bank is of:
a) Sponsor Bank
b) State Government
c) RBI and NABARD
d) None of these
12. EBT stands for

a) Electronic Beginning Transaction
b) Electronic Benefit Transfer
c) Electric Belated Transfer
d) None of these
13. The instrument can not be presented for the payment in the Clearing House is:
a) Fixed Deposit Receipt
b) Dividends
c) Demand Drafts
d) None of these
14. BharatiyaMahila Bank Limited on 19 November, 2014 launched its Internet Banking Facility.
Name of it was:
a) BMB Net
b) BMB Online
c) BMB Smartbanking
d) None of these
15. Apex institution which handles refinance for agriculture and rural development in India is:
a) NABARD
b) SEBI
c) SIDBI
d) None of these
16. The private sector bank which recently allowed children above 10 years to open savings bank
accounts after SBI is:
a) PNB
b) HDFC
c) ICICI
d) None of these
17. IMF stands for

a) International Money Fund
b) International Monetary Fund
c) Indian Mutual Fund
d) None of these
18. The private sector bank which launched FACEBOOK based instant fund transfer service to
enable users to send money to friends on social media network is :
a) Kotak Mahindra Bank
b) Syndicate Bank
c) Laxmi Vilas Bank

d) None of these
19. First Multi-currency international Debit Cards are issued in India by:
a) Punjab National Bank
b) State Bank of India
c) Axis Bank
d) None of these
20. IT company which will set up local data centers in India by the end of 2015 is:
a) Apple
b) Google
c) Microsoft
d) None of these
21. The Foreign Exchange Reserves of India are kept in the custody of:
a) International Monetary Fund
b) Reserve Bank of India
c) State Bank of India
d) None of these
22. "Bank of Rajasthan" merged with which bank"

a) Global Trust Bank
b) ICICI Bank
c) Axis Bank
d) None of these
23. Which bank opened a Lockless branch at Maharashtra to respecting the local customs:
b) UCO Bank
c) Bank of Maharashtra
d) None of these
24. 'Drawer' in the bank cheques is:

a) Who receives the cheques
b) Who encash the cheques
c) Who issues the cheques
d) None of these
25. 'Drawee in the bank cheque is:

a) Who rejects the payment of cheques
b) Who encash the cheques
c) Always the Banker
d) None of these
26. Which was the first bank to set up talking ATM in India:
a) Union Bank
b) Dena Bank
c) ICICI Bank
d) None of these
27. In 1976, Narang Bank of India was acquired by which of the following bank:
a) UCO Bank
b) Union Bank
c) United Bank of India
d) None of these
28. Initially there were how many associate banks of State Bank of India in 1959:
a) Seven
b) Five
c) Two
d) None of these
29. During the period of Inflation, tax rates should:

a) Increase
b) Decrease
c) Fluctuate
d) None of these
30. Biggest tax paying sector in India is:

a) Agricultural Sector
b) Banking Sector
c) Industrial Sector
d) None of these
31. Which Indian Bank became the first to touch a market capitalization of Rs. 1,00,000 Crore in
India:
a) SBI
b) Axis Bank
c) HDFC Bank
d) None of these
32. Insurance sector is regulated by which of the following institution/organization:

a) SEBI
b) IRDA
c) RBI
d) None of these
33. Expanded form of UCO Bank is:

a) United Cooperative Bank
b) Union Commercial Bank
c) United Commercial Bank
d) None of these
34. IRDA stands for:

a) International Reconstruction and Development Association
b) Insurance Regulatory and Development Authority
c) Indian Road Development Agency
d) None of these
35. TRIPS and TRIMS are associated with which of following organization:
a) WTO
b) IMF
c) IDA
d) None of these
36. Which are the first two Indian Banks allowed to open branches in Pakistan in August, 2012:
a) SBI and Bank of India
b) Axis and HDFC Bank
c) HDFC and ICICI Bank
d) None of these
37. Which one of the leading nationalized bank in 2012 celebrated its 147th year of dedicated
service to the nation and has introduced 'Interactive Voice Response':
a) Bank of Baroda
b) Indian Overseas Bank
c) Allahabad Bank
d) None of these
38. Which of the following is correct about ATM:

a) ATM is a computer which is dedicated to perform certain specific Jobs only
b) ATM is a user friendly machine and the customer does not require any training to use it
c) ATM is totally menu driven which displays instructions to the customers step by step for
operating the same
d) All of the above
e) None of these
39. Universal Bank is one which:

a) present universally in all the countries of the world
b) Undertakes the functions of a development financial institution as well as a commercial
bank
c) All of the above
d) None of these
40. The merchant banking activities in India are governed by which of the following bodies:
a) SEBI
b) IRDA
c) RBI
d) None of these
41. RBI was established in:

a) 1 April, 1935
b) 5 April, 1934
c) 5 May, 1935
d) None of these
42. Original name of the State Bank of India was:

a) Bank of Calcutta
b) Bank of Bengal
c) Both Above
d) None of these
43. State Bank of India comes in to existence in the year:

a) 1947
b) 1955
c) 1959
d) None of these
44. "Hum Hai Na" is slogan of which bank:

a) ICICI Bank
b) Punjab National Bank
c) Vijaya Bank
d) None of these
45. World Bank was established in the year:
a) 1955
b) 1942
c) 1944
d) None of these
46. Headquarter of World Bank is located at:
a) London
b) Washington D.C.
c) Geneva
d) None of these
47. 12th President of World Bank Group is:

a) Kelvin BlayerOdwich
b) ShinjoYuang
c) Jim Yong Kim
d) None of these
48. "Overdrafts" covered under which of following function:

a) Accepting Deposits
b) Advancing of Loans
c) Both of Above
d) None of these
49. For the overdraft facility, customer have to pay:

a) Interest
b) Commission
c) Normal Charges
d) None of these
50. SIDBI stands for"

a) Specially Industries Development Bank of India
b) Sound Industries Development Bank of India
c) Small Industries Development Bank of India
d) None of these
51. NHB is:

a) Hyderabad Bank for Nation
b) National Housing Bank
c) Non - Housing Bank in India
d) None of these
52. NHB was established on:

a) 19 July, 1992
b) 12 July, 1985
c) 9 July, 1988
d) None of these
53. NDTL stnads for:

a) Net Demand and Time Liabilities
b) Non Demat Terrific Liabilities
c) National Demand for True Liabilities
d) None of these
54. The share of NDTL which Bank maintain in cash with RBI is termed as:
a) CRR
b) SLR
c) MSF
d) None of these
55. The account that allows you to buy, sell as well as transact without the need of any paperwork
is:
a) Simple Account
b) Demat Account
c) Current Account
d) None of these
56. KYC is:

a) Know Your Customer
b) Know Your Cheque
c) Keep Your Cash
d) None of these
57. Increase in the general level of prices for goods and services are known as:
a) Deflation
b) Inflation
c) Normal Price Increment
d) None of these
58. A cheque which is payable to any person who presents it for payment at the bank counter is
called:
a) Cross Cheque
b) Bearer Cheque
c) Open Cheque
d) None of these
59. Barometer of Indian Market is:

a) NIFTY
b) SENSEX
c) Both of Above
d) None of these
60. Cooperative enterprises entered into two or more business entities, known as:
a) Megers
b) Amalgamation
c) Joint Venture
d) None of these
61. Capital Market deals in:

a) Long Term Funds
b) Debt and Equity
c) All of the Above
d) None of these
62. In which year Banking Commission was established:

a) 1971
b) 1972
c) 1974
d) 1975
63. IRDA's headquarter situated at:
a) Ahmedabad
b) Hyderabad
c) Aurangabad
d) None of these
64. State Bank of India was formulated under:
a) SBI Act, 1957
b) SBI Act, 1959
c) SBI Act, 1955
d) None of these
65. Which of the following bank is the first universal bank established in the country:
a) SBI
b) PNB
c) ICICI Bank Limited
d) None of these
66. Scheduled Commercial Banks got licence under:

a) Banking Regulation Act 1949
b) Banking Regulation Act 1952
c) Banking Regulation Act 1955
d) None of these
67. Laxmi Commercial Bank merged with:

a) Vijaya Bank
b) Dena Bank
c) Canara Bank
d) None of these
68. When ATM machine installed in the bank is out of order, it is called:
a) Operational Risk
b) Electronic Default
c) ATM Auto Default
d) None of these
69. When the computers are not functioning in a bank, it is called:

a) Auto Default
b) Computer Risk
c) Operational Risk
d) None of these
70. When the loans are not repaid in time, it is called:

a) Loan Defaulter
b) Credit Risk
c) Weak Creditworthiness
d) None of these
71. When the bank products fail to survive in the market, it is called:
a) Bank Products Failure
b) Bank Failure
c) Market Risk
d) None of these
72. When the banks are not able to pay the amount to the depositors, it is called:
a) Bank Insolvency
b) Liquidity Risk
c) Financial Default
d) None of these
73. IFSC denotes:

a) Branch Location of any Bank
b) Branch Code of any Bank
c) District Code of any Bank
d) None of these
74. IFSC consists of:

a) 11 digits
b) 14 digits
c) 12 digits
d) None of these
75. Oriental Bank of Commerce has taken over:

a) Kotak Mahindra Bank
b) Axis Bank
c) Global Trust Bank
d) None of these
76. RBI does not issue:

a) One Rupee Note
b) Hundred Rupee Note
c) Twenty Rupee Note
d) None of these
77. Which state government's business is not transacted by RBI:

a) Himachal Pradesh
b) Jammu and Kashmir
c) Manipur
d) None of these
78. Which was the first Indian bank to open the branch outside India at London in 1946:
b) SBI
c) Bank of India
d) None of these
79. NRI deposits are called as:

a) Hot Money
b) Foreign Deposits
c) NRI Funds
d) None of these
80. LAB means:

a) Legislatively Assembled Banks
b) Lawfully Authorized Banks
c) Local Area Banks
d) None of these
81. First Public Sector Bank to issue capital to public is:

a) Axis Bank
b) Oriental Bank of Commerce
c) Laxmi Bank
d) None of these
82. The Management of SEBI consists of:

a) Chairman and Four Members
b) Chairman and Seven Members
c) Chairman and Five Members
d) None of these
83. Social Control of the banks introduced during the year:

a) 1967
b) 1969
c) 1970
d) None of these
84. Which of the following is correct about the Home Banking:

a) Extended version of Tele-Banking
b) Customer is able to access his bank account from home
c) All of the Above
d) None of these
85. The regulatory authority for Regional Rural Banks is RBI and:
a) NABARD
b) BhartiyaMahila Bank
c) Laxmi Bank
d) None of these
86. When RBI desires to restrict expansion of credit it raises the:

a) Bank Rate
b) SLR
c) Both SLR and Bank Rate
d) None of these
87. Sub Section 12AB of section 17 of RBI Act defines the term:
a) Repo Rate
b) Reverse Repo Rate
c) SLR
d) None of these
88. When a Bank returns a cheque unpaid, it is called:

a) Dishonor of the Cheque
b) Cheque Bounce
c) Both Dishonor and Bounce of the Cheque
d) None of these
89. Mortgage is Security on:

a) Immovable Property
b) Movable Property
c) Both Movable and Immovable Property
d) None of these
90. Accounts in which shares of various companies are traded in electronic form are called:
a) Demat Accounts
b) Revenue Accounts
c) E-Accounts
d) None of these
91. Full form of FINO:

a) Financial Information Network and Operation Limited
b) Finance Information Network Organization
c) Finance in Network Organization
d) None of these
92. When the purchasing power of money decreases then rate of Inflation:
a) Increases
b) Decreases
c) May be Increase/Decrease
d) None of these
93. Full form of DICGC:

a) Deposit Insurance and Credit Guarantee Corporation of India Limited
b) Document of Insurance and Credit Guarantee Corporation of India
c) Deposit in International Credit Guarantee Corporation of India Limited
d) None of these
94. Urban Cooperative Bank is:

a) Not a Commercial Bank
b) Not a Non - Commercial Bank
c) Listed Bank
d) None of these
95. Following is not a primary function of a Bank:

a) Facilitating Import of Goods
b) Facilitating Cash Deals
c) Providing Loans
d) None of these
96. The reserves which can act as liquidity buffer for commercial banks during crisis times are:
a) CRR and SLR
b) Only CRR
c) Only SLR
d) None of these
97. Money Laundering is:

a) Conversion of money which is illegally obtained
b) Conversion of money which is legally obtained
c) All converted money
d) None of these
98. The credit risk to the bank is high from which of these cards:
a) Credit Card
b) Debit Card
c) Both types of Cards
d) None of these
99. Mortgage is a security on which kind of property for loan given by the bank:
b) Movable Property
c) Both kinds of Property
d) None of these
100. NEFT means:

a) National Electronic Funds Transfer
b) National Electronically Financial Transfer
c) Non - Electronic Fund Transfer
d) None of these
101. www.BankExamsToday.com
Interest on savings bank account now calculated by the banks on:
a) Daily Product Basis
b) Monthly Product Basis
c) Weekly Basis
d) None of these
102. Which of the following is not a money market instrument:

a) Commercial Paper
b) Treasury Bills
c) Loans and Advances
d) None of these
103. Which is the first Bank to launch the Mutual Fund:

a) SBI
b) PNB
c) RBI
d) None of these
104. Commercial Paper is a:

a) Unsecured Money Market Instrument
b) Secured Money Market Instrument
c) Both Secured and Unsecured Instrument
d) None of these
105. Full form of TPA

a) Third Party Administrator
b) Total Performing Assets
c) Third Party Association
d) None of these
106. Under which RBI was nationalized

a) Transfer of Private Ownership Act, 1944
b) Transfer of Public Ownership Act, 1948
c) Transfer of Joint Ownership Act, 1940
d) None of these
107. Where are four regional centres of RBI located?

a) Mumbai, Kolkata, Chennai and Delhi
b) Kolkata, Chennai, Mumbai, Gujrat
c) Gurarat, Mumbai, Kolkata, Delhi
d) None of these
108. Scheduled Commercial Banks have paid up capital and reserves – aggregate value of
not less than:
a) Rs.5,00,000
b) Rs.6,00,000
c) Rs.8,00,000
d) None of these
109. Scheduled Commercial Banks has to maintain their CRR up to:

a) 3% of their time and demand liabilities
b) 5% of their time and demand liabilities
c) 7% of their time and demand liabilities
d) None of these
110.
a) 15%
Scheduled Commercial Banks’ CRR can go up to maximum of:
b) 16%
c) 17%
d) None of these
111. How many Public Sector Banks are nationalized:

a) 14
b) 20
c) 21
d) None of these
112. How many Public Sector Banks were nationalized on 19 -07 -1969:
a) 14
b) 15
c) 16
d) None of these
113. Under which Act, Industrial Reconstruction Bank of India was reconstituted:
a) IRBI Act,1984
b) IRBI Act, 1986
c) IRBI Act, 1987
d) None of these
114. Minimum Paid up capital for Private Sector Bank must be:
a) 100 Crore
b) 150 Crore
c) 105 Crore
d) None of these
115. On 2-10-1975, which types of banks were established:

a) Public Sector Banks
b) Private Sector Banks
c) Regional Rural Banks
d) None of these
116. Local Area Banks were established on:

a) 24.08.1996
b) 24.09.1995
c) 24.07.1992
d) None of these
117. Local Area Banks were registered as public limited companies under which act:
a) Companies Act, 1956
b) SEBI Act, 1885
c) Limited Liability Partnership Act
d) None of these
118. Full form of NBFC

a) Non -Banking Finance Companies
b) Non -Banking Financial Corporation
c) National Banking Financial Corporation
d) None of these
119.
a) 1956
b) 1965
LIC was established in which year:
c) 1977
d) None of these
120. National Bank for Agricultural and Rural Development was established in:
a) 1982 under act of parliament
b) 1985 under act of parliament
c) 1988 under act of parliament
d) None of these
121. LIC established on :

a) 01.09.1956
b) 01.10.1965
c) 01.09.1965
d) None of these
122. What was the establishement year of UTI in India:

a) 1963, By Act of Parliament
b) 1965, By Act of Parliament
c) 1969, By Act of Parliament
d) None of these
123. General Insurance Corporation of India was formed and registered on:
a) January 1973
b) January 1974
c) February 1975
d) None of these
124. General Insurance Corporation of India was registered under:

a) Insurance Act, 1938
b) Companies Act, 1956
c) SEBI Act, 1885
d) None of these
125. EXIM means:

a) Export and Import Bank of India
b) Exchange in Monetary Transaction
c) Export in Monetary Transaction
d) None of these
126. The Export and Import Bank of India Act Passed on:
a) 1981
b) 1984
c) 1986
d) None of these
127. EXIM bank offers credit and lines of credit(LOC) to:
a) Foreign Government and Banks

b) Domestic Government and Banks
c) Only Private Sector Banks
d) None of these
128. National Housing Bank was established on:

a) 1985
b) 1984
c) 1988
d) None of these
129. What is the minimum age to became the manager in Private Sector Bank is?
a) 18
b) 20
c) 21
d) 24
e) None of these
130. What is the maximum age for MD and CEO in Private Sector Banks set by RBI?
a) 70
b) 75
c) 60
d) 80
e) None of these
131. From the following statement which is incorrect about guidelines of RBI for
Licensing of New Banks in the Private Sector-
a) Minimum capital requirement will be Rs.500 Crore
b) Aggregate foreign shareholding in the new bank should not exceed 49 per cent for the first
five years
c) The new bank should open at least 25 per cent of its branches in unbanked rural centres
d) Bank should open at least 25 per cent of its branches in metropolitan area
e) None of these
132. From the following statements which is incorrect about NBFC?

a) NBFC cannot accept demand deposits
b) NBFCs do not form part of the payment and settlement system and cannot issue cheques
drawn on itself;
c) deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not
available to depositors of NBFCs, unlike in case of banks.
d) NBFC is a company that provide banking services without meeting the legal definition of
a bank
e) None of these
133. Who is the Chairmen of SEBI ?

a) Arun Kumar Jha
b) Kishore Kumar Sansi
c) Surendra Kumar Sinha
d) Upendra Kumar Sinha
e) None of these
134. Who is the CEO of NITI Aayog ?

a) SindhuShriKhullar
b) ArvindPanagariya
c) NarendraModi
d) ArvindKejriwal
e) None of these
135. Full Form of TRAI is ?

a) Transport Regulatory Authority of India
b) Telecom Regulatory Agency of India
c) Telecom Regulatory Authority of India
d) Transport Regulatory Agency of India
e) None of these
136. The extended date for BASEL III Norms which was earlier 31st March 2018 is ?
a) 31.03.2016
b) 31.03.2019
c) 31.03.2020
d) 31.03.2021
e) 31.03.2025
137. What is tag line of SBI ?

a) With you all the way, Pure Banking Nothing Else, The Nation’s banks on us
b) The name you can bank upon
c) India’s International Bank
d) BadhtiKanaamZindagi
e) None of these
138. The Headquarter of Punjab National Bank is ?

a) Mumbai
b) Kolkata
c) New Delhi
d) Hyderabad
e) None of these
139. What is the FDI limit in Insurance ?

a) 26%
b) 49%
c) 74%
d) 51%
e) None of these
140. Who is on the top rank in " Ease of Doing Business 2014" Report by World Bank ?
a) India
b) China
c) USA
d) Singapore
e) None of these
141. KVP (KisanVikasPatra ) which is launched by Finance Minister ArunJaitley , the

money will double in ?
a) 120 months
b) 100 months
c) 180 months
d) 150 months
e) None of these
142. From the folowing which is the incorrect statement about RD (Recurring Deposit)?
a) Recurring Deposit accounts are normally allowed for maturities ranging from 6 months to
120 months
b) These accounts can be opened in single or joint names
c) Rate of Interest offered is similar to that in Fixed Deposits
d) Interest is compounded on quarterly basis in recurring deposits
e) None of these
MICR (Magnetic Ink Character Recognition) code consist of ?
a) 11 character
b) 9 character
c) 14 character
d) 12 character
e) None of these
144. Which among the following is the oldest Public Sector Bank of India?
b) Central Bank of India
c) Allahabad Bank
d) Bank of Baroda
e) State Bank of India
145. Name the 5 cities where RBI issued plastic notes ?

a) Kochi,Patna,Delhi,Ahmadabad and Chennai
b) Jaipur,Shimla,Delhi,Patna and Mimbai
c) Mumbai,Shimla,Jaipur,Patna and Chennai
d) Jaipur,Shimla,Kochi,Mysore and Mumbai
e) Kochi,Mysore,Jaipur,Bhubhaneswar and Shimla
146. Which country issued first purely plastic note ?

a) New Zealand
b) Mexico
c) Singapore
d) Fiji and Canada
e) Australia
147. Rate of interest is determined by :

a) Commercial Bank
b) Public Bank
c) Private Bank
d) RBI
e) None of these
148. India's first non-bank owned ATM (White Label ATMs) open in ?
a) Delhi
b) Bihar
c) Uttar Pradesh
d) Maharashtra
e) Gujarat
149. What is White Label ATM ?

a) Owned by Bank
b) Owned by RBI
c) Owned by State
d) Owned by Center
e) None of these
150. Name the four entities which are authorised by RBI to operate as WLAs ?
a) National Payment Corporation of India,VakrangeeLtd.,Tata Communications Payment
Solutions and Prizm Payment Services Pvt. Ltd.
b) VakrangeeLtd.,Tata Communications, Prizm Payment Solution,Reliance and
c) Tata Communications,Prizm Payment Services,Muthoot Finance and Vakrangee Ltd
d) Reliance, Tata Communications ,Muthoot Finance and Vakrangee ltd.
e) None of these
151. India s largest commercial Bank is : ?

a) Bank of Baroda
c) ICICI
d) Punjab National Bank
e) Central Bank of India
152. A bank account which does not require any minimum balance is termed as
a) Nil balance account
b) Zero balance account
c) Frill account
d) No Frill account
e) None of these
153. Bank deposits that can be withdrawn without notice are called :
a) Demand Deposits
b) Fixed Deposits
c) On Demand and Time Deposits
d) Basic Savings Deposits
e) None of these
154. Contemporary Currency notes have ___ languages on the panel which appear on the
reverse of the note.
a) 14
b) 12
c) 16
d) 13
e) 15
155. Mutilated Notes are ?

a) Notes which are in pieces and/or of which the essential portions are missing
b) Any bank note, which is wholly or partially, obliterated, shrunk
c) Notes which are washed, altered or indecipherable
d) Notes which are wholly or partially, obliterated, shrunk, washed, altered or indecipherable
e) None of these
156. Minimum Limit for sending money to Nepal through NEFT (National Electronic
Fund Transfer) in a single day ?
a) 10000
b) 50000
c) No limit
d) 200000
e) None of these
157. Notice Money is a money lend for a period of ?

a) Between 2 and 14 days
b) exceeding 14 days
c) 1 day
d) 2 days
e) None of these
158. Which is incorrect about NBFC (Non-Banking Financial Company) ?
a) It cannot accept demand deposits
b) deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not
available to depositors of NBFCs, unlike in case of banks
c) NBFCs do not form part of the payment and settlement system and cannot issue cheques
drawn on itself
d) NBFCs cannot offer interest rates higher than the ceiling rate prescribed by RBI from time
to time. The present ceiling is 12.5 per cent per annum
e) The deposits with NBFCs are not insured
159. "INDIA's Central Bank" is slogan of:

c) IDBI
d) None of these
160. Upper Limit on KisanVikasPatra is:

a) 1000000
b) 500000
c) No upper limit
d) None of these
161. HDFC stands for:

a) Higher Development Finance Corporation
b)Housing Development Finance Corporation
c) Himachal Development Finance Corporation
d) None of these
162. Mutual Fund Market regulated by:

b) Securities and Exchange Board of India
c) Unit Trust of India
d) None of these
163. FCCB stands for:

a) Finance and Currency Controller Board
b) Foreign Currency Convertible Bond
c) Foreign Collection for Cash Board
d) None of these
164. MICR stands for:

a) Magnetic Ink Code Reader
b) Magnetic Ink Character Recognition
c) Magnetic Ink Cheque Recognition
d) None of these
165. RBI established on:

a) 5 April 1947
b) 1 April 1935
c) 8 April 1949
d) None of these
166. "DD" in banking term stands for:

a) Demand Cheque
b) Doordarshan
c) Demand Draft
167.
d) None of these
CPI refers to:

a) Cost Price Index
b) Consumer Price Index
c) Current Price Index
d) None of these
168. "Imperial Bank of India" is the former name of which of the following bank:
a) SBI
b) IndusInd Bank
c) RBI
d) None of these
169. "RAND" is currency of :

a) South Korea
b) South Africa
c) South America
d) None of these
170. SLR stands for:

a) Special Liquidity Ratio
b) Special Lending Rate
c) Statutory Liquidity Ratio
d) None of these
171. REC stands for:

a) Rural Economic Corporation
b) Rural Electricity Corporation
c) Rural Electrification Corporation
d) None of these
172. PSU stands for:

a) Public Sector Utilities
b) Public Sector Units
c) Public Sector Undertaking
d) None of these
173. A right to keep possession of property belonging to another person until a debt owned by that
person is discharged is called as:
a) Lien
b) Mortgage
c) Custody
d) None of these
174. The stated principal amount of a financial instrument is known as:

a) Market Value
b) Book Value
c) Face Value
d) None of these
175. A person who sets up a business or businesses, taking on financial risks in the hope of profit
is known as:
a) Partner
b) Entrepreneur
c) Owner
d) None of these
176. Out of Profits/Reserves, money given by company to its shareholders is:

a) Interest
b) Dividend
c) Bonus
d) None of these
177. WPI stands for:

a) Wholesale Price in India
b) Wholesale Price Institution
c) Wholesale Price Index
d) None of these
178. PLR stands for:

a) Poverty Line Remark
b) Price Lending Rate
c) Prime Lending Rate
d) None of these
179. Excess of Supply over Demand denotes:

a) Buyers Market
b) Sellers Market
c) Both of Above
d) None of these
180. Regulator of Capital Market is:

a) SEBI
b) RBI
c) World Bank
d) None of these
181. NREGA was renamed with the name of:

a) Indira Gandhi
b) Rajiv Gandhi
c) Mahatma Gandhi
d) None of these
182. Which of the following is incorrect:

a) WTO-Geneva
b) IMF-Washington D.C.
c) World Bank-Washington D.C.
d) None of these
183. Drafts of Five years plans are approved by:

a) Planning Commission
b) National Development Council
c) National Planning Council
d) None of these
184. National Stock Exchange is located in:

a) Mumbai
b) Delhi
c) Kolkata
185.
d) None of these
The market in which long term securities such as stocks and bonds are bought and sold is
commonly known as:
a) Bullion Market
b) Capital Market
c) Bull Market
d) None of these
186. When Aggregate supply is less than aggregate demand is then:

a) Deflation Occurs
b) Inflation Occurs
c) Stability Occurs
d) None of these
187. First Bank in India to launch EMI facility on debit cards:

a) SBI
b) Axis Bank
c) ICICI Bank
d) None of these
188. FMC stands for:

a) Forward Markets Commission
b) Financial Market Commission
c) Foreign Market Control
d) None of these
189. In MICR cheque, first six numbers indicates:

a) Branch Code and Location
b) City Location
c) Cheque Number
d) None of these
190. Assignment refers to:

Transfer of Interest from one party to another
Every Financially Transfer Transaction
Transfer of a loan from one party to another
None of these
191. Sugam scheme was launched for:

a) Big Corporate Houses
b) Small Tax Payers
c) Pensioners getting old age pension
d) None of these
192. The regulator of whole banking in India is:

a) Banking Planning Council
b) Banking Control Unit
c) RBI
d) None of these
193. ' National Rural Employment Program' was formerly known as:
a) Do work and get Food
b) Employment for Food
c) Food For Work
194.
d) None of these
Where neither exports nor imports takes place is known as:

a) Closed Economy
b) Depressed Economy
c) Silent Economy
d) None of these
195. R. Gandhi is Deputy Governor of RBI and also a part of board member of:
a) MNREGA
b) Axis Bank
c) SEBI
d) None of these
196. Conversion of Physical form of share into electronic form is called:

a) E-Share
b) DEMAT
c) Online Share Cards
d) None of these
197. U.K. Sinha is present chairman of:

a) RBI
b) SEBI
c) National Development Council
d) None of these
198. Who among the following is famous banker and is PadamBhushan Awardee:
a) Indira Nuyee
b) ChandaKochhar
c) ArundhatiBhatacharya
d) None of these
199. A scheduled bank must be:

a) Company incorporated by any law in force in any place in India.
b) An institution notified by GOI.
c) A company as defined by Companies Act, 2013.
d) All of the Above
e) None of These
200. Financial assistance for a sum of Rs. 5,000 can be called as:
a) Short Term Money
b) Little Finance
c) Micro Finance
d) Small Finance
e) None of These
201. An index of financial inclusion has been launched for first time in 2008 by:
a) NSE
b) ICRIER
c) BSE
d) RBI
e) None of These
202. ICRIER stands for:

a) International Council on Research in Economic References
b) Indian Career Research Institute in Economic Relation
c) Indian Council for Research on International Economic Relations
d) International Coverage on Research Institute for Economic Rates
203. Which of the following is a third party product often sold by banks:
a) Gift cheques
b) Credit cards
c) Debit cards
d) Mutual funds
e) None of These
204. FD in commercial bank can be done for maximum period of:

a) 10 Years
b) 15 Years
c) No Limit
d) 9 Years
e) None of These
205. Which of the following happened to be the first private bank in India to receive an in-
principle approval from RBI?
a) HDFC Bank
b) ICICI Bank
c) Yes Bank
d) United Western Bank
e) None of These
206. KYC policy has been actually innovated by:

a) Fed Reserve of USA
b) Basel committee
c) RBI
d) GOI, Ministry of Finance
e) None of these
207. FDI stands for:

a) Foreign Development in India
b) Frequent Direct Investment
c) Foreign Direct Investment
d) Financial Development In India
e) None of These
208. Reduction in general level of prices in an economy is known as:

a) Inflation
b) Shortage of Goods
c) Deflation
d) Supply Shortage
e) None of These
209. A general increase in prices and fall in the purchasing value of money:
a) Poverty Increment
b) Deflation
c) Inflation
d) Increased Goods Supply
e) None of These
210. FII stands for:
a) Foreign Investment Index
b) Foreign Institutional Investor
c) Federation of Investment in India
d) Federation of International Investment
211. SEBI is a:
a) Statutory Body
b) Constitutional Body
c) Advisory Body
d) Non Statutory Body
e) None of These
212. _____is the rate of interest which is levied on long term loans and advances taken by
commercial banks from RBI:
a) Reverse Repo Rate
b) Fixed Interest Rate
c) Bank Rate
d) Repo Rate
e) None of These
213. The amount of cash funds that the banks have to maintain with RBI is known as:
a) Repo Rate
b) Cash Reserve Ratio
c) Base Rate
d) Mortgage Rate
e) None of These
214. Reserve Bank of India was nationalized in:

a) 1948
b) 1949
c) 1947
d) 1945
e) None of These
215. Those amounts due to vendors or suppliers that must be paid within one year is known as:
a) Loan Advances
b) Accounts Payable
c) Creditors
d) Debtors
e) None of These
216. The maximum compensation by Banking Ombudsman for a complaint is:

a) Rs.1 lakh
b) Rs.2 lakh
c) Rs.5 lakh
d) Rs.10 lakh
e) None of These
217. Which of the following Cheque is not honoured by the bank?
a) Stale Cheque
b) Crossed Cheque
c) Self Cheque
d) Open Cheque
e) None of These
218.
Banking comes under:
a) Agriculture Sector
b) Rural Sector
c) Service Sector
d) Finance Sector
e) None of These
219. The director of controversial film "DAM 999" is:

a) Yash Chopra
b) Sohan Roy
c) Kabir Khan
d) None of These
220. The theme of PravasiBharatiya Divas 2012 was:

a) Global Indian - Inclusive Growth
b) Engaging the global Indians
c) Nation with Migrants Indians
d) None of These
221. The cabinet has approved the extension of Ex-servicemen contributory health scheme
to_______domiciledgorkhaspensioners ex-service men:
a) Bhutan
b) Nepal
c) Tibet
d) None of These
222. Which of the following term is not related to Banking/Finance operations:

a) Consolidation
b) Provision Coverage Ratio
c) Commodification
d) None of These
223. Which of the following committee was related to Foreign Direct Investment:
a) Dutt Committee
b) N.K. Singh Committee
c) Chandra Shekhar Committee
d) None of These
224. The excess of total expenditures over total receipts is known as:
a) Fiscal Deficit
b) Revenue Deficit
c) Budget Deficit
d) None of These
225. Which of the following is a Private Sector Undertaking:

a) Cotton Corporation of India
b) Air India Engineering Services Limited
c) Tata Consultancy Services
d) None of These
226. The term Rolling Settlements is predominantly used in which of the following markets:
a) Currency Market
b) Capital Market
c) Commodity Market
d) None of These
A money deposited in a bank that cannot be withdrawn for a preset fixed period of time is
known as:
a) Checking Account
b) Term Deposit
c) No Frills Account
d) None of These
228. The term SMART MONEY refers to:

a) Traveller'sCheque
b) Internet Banking
c) Credit Cards
d) None of These
229. When there is a difference between all receipts and expenditures of the Government of India
both capital and revenue, it is called:
a) Budgetary Deficit
b) Trade Gap
c) Balance of Payment Problems
d) None of These
230. Which of the following is not required for opening a bank account:
a) Identity Proof
b) Domicile Certificate
c) Recent Photographs
d) None of These
231. In the summit of which of the following organizations/group of nations it was decided that all
members should enforce budget discipline:
a) OPEC
b) G - 8
c) European Union
d) None of These
232. Which of the following is a retail banking product?

a) Home Loans
b) Working capital finance
c) Corporation term loans
d) None of These
233. Which of the following is not a Money Market Instrument?

a) Treasury Bills
b) Commercial Paper
c) Equity Shares
d) None of These
234. Which of the following is NOT a Member of G - 8?

a) Canada
b) India
c) Russia
d) India
235. An apex banking institution is:

a) Industrial Development Bank of India
c) NABARD
d) All of Above
e) None of These
236. The headquarters of UNESCO is located at:

a) Washington
b) Paris
c) Italy
d) None of These
237. Powered by Intellect, Driven by Values is the tag line of:

a) IBM
b) WIPRO
c) Infosys
d) None of These
238. Which of the following is not included in e - banking?

a) Automated teller machine
b) Credit card
c) Net banking
d) None of these
239. RBI is lender of last resort which reveals:

a) RBI advances money to public whenever there is any emergency
b) Commercial banks give fund to the RBI
c) RBI advances necessary credit against eligible securities to financial institutions
d) All of the above
e) None of the above
240. Merchant Banking comes into existence in India in:

a) 1971
b) 1964
c) 1965
d) 1967
e) None of These
241. Name of the bank which first time introduce the merchant banking in India is:
a) Imperial Bank of India
b) Grindlays Bank
c) United Bank
d) London Bank
e) None of These
242. State Bank of India started the Merchant Banking division in:
a) 1970
b) 1972
c) 1974
d) 1975
e) None of These
243. Merchant Banks do not deals in:

a) providing services for mergers and acquisitions
b) regular banking services to the general public
c) long term loans for companies
d) stock underwriting
244.
e) None of These
Group of people such as workers who pool their money together for savings and to make loan
is called a:
a) Loan Provider
b) Credit Union
c) Labour Union
d) State of Loan Union
e) None of These
245. Public Sector Banks refers to:

a) More people visit these banks
b) RBI or Government of India or both have at least 51% shares in the Bank
c) Bank run by the government having the directors elected by the public
d) All of the Above
e) None of These
246. Largest Public Sector Bank in India is:

a) Allahabad Bank
b) ICICI
c) Punjab National Bank
d) State Bank of India
e) None of These
247. Public Sector Banks Includes:

a) 20 Nationalized Banks + 5 SBI Associates + IDBI
b) 20 Nationalized Banks + SBI + 7 Private Banks
c) 19 Nationalized Banks + SBI + Private Sector Banks +IDBI
d) 19 Nationalized Banks + SBI + 5 SBI Associates + IDBI
e) None of These
248. Name of the commission which distributes the taxes between center and states:
a) National Development Council
b) Finance Commission
c) Direct Tax Commission
d) Planning Commission
e) None of These
249. The term not related to economics is:

a) Consumer Surplus
b) Law of Motion
c) Law of Demand
d) Diminishing Marginal Utility
e) None of These
250. In India, all external payments are channeled through the:

a) Government of Related States
b) SBI
c) RBI
d) EXIM
e) None of These
251. Industrial Exit refers to:

a) Allowing Business Units to close down
b) Forcing foreign companies to leave India
c) Allowing manufacturers to shift their line of products
d) All of Above
e) None of These
252. 3 Years ban on which of these Real Estate majors has been put by SEBI:
a) ANOS Real Estates
b) DLF
c) SUPERTECH
d) GML
e) None of These
253. Example of non-commercial bank is:

a) Loan to BPL families
b) Agricultural Loan
c) Loan to SC and ST Communities
d) All of Above
e) None of These
254. Loan taken for not doing a business, usually called:

a) Non Commercial Loan
b) Virtual Loan
c) Commercial Loan
d) Individual Group Loan
e) None of These
255. Loan taken by the person, not telling the purpose of taking loan is called:
a) Non - Personal Loan
b) Hidden Loan
c) Concealed Loan
d) Personal Loan
e) None of These
256. Which of the following will set up core banking infrastructure for rural banks:
a) NABARD
b) RBI
c) SIDBI
d) SBI
e) None of These
257. UNCTAD stands for:

a) United Nations Conference on Trade and Dealing
b) Unit National Conference on Trade and Development
c) United Nations Conference on Trade and Development
d) Unique Nations Conference on Trade and Development
e) None of These
258. Name of the first bank to receive approval for getting full bank licence in Singapore is:
b) Syndicate Bank

d) Axis Bank
e) None of These
259. "Rupiya" in our country was introduced by:

a) Akbar
b) Prithvi Raj Chouhan
c) Chandra GuptMoryaa
d) Sher Shah Suri
e) None of These
260. NHB stands for:

a) Non - Housing Bank
c) Notified Housing Bank
d) None of These
261. National Housing Bank was founded on:

a) 9 July, 1988
b) 19 July, 1989
c) 8 July, 1985
d) None of These
262. Headquarter of National Housing Bank situated at:

a) Mumbai
b) New Delhi
c) Hyderabad
d) None of These
263. The bank which refinance the loans given to poor and weaker sections to construct or buy
houses is:
a) SIDBI
b) SBI
c) NHB
d) None of These
264. Reserve Bank of India was set up on the recommendations of which of the following
commission/committee:
a) D R Mehta Commission
b) Basel Committee
c) Royal Commission on Indian Currency and Finance
d) None of These
265. The designer of Indian Rupee Sign is:

a) Hitendra Swami
b) Udaya Kumar Dharmalingam
c) PandurangaKumarlingam
d) None of These
266. Number of different denomination notes issued by RBI :-

a) 10
b) 9
c) 11
d) None of These
267. SME standds for:

a) Small and Medium Enterprises
b) Selling and Marketing Establishment
c) Sales and Marketing Entity
d) None of These
268.
Slogan of Bank of Baroda is:
a) The Bank You can Name upon
b) India's International Bank
c) India's Multinational Bank
d) None of These
269. CEPI stands for:

a) Council of Environmental Pollution of India
b) Center for Environmental Pollution In India
c) Comprehensive Environmental Pollution Index
d) None of These
270. The securitization and Reconstruction of Financial Assets and Enforcement of Securities
Interest Act (SARFAESI) meant recovery of loans which have become NPA is not applicable
to:
a) Financial Institutes of Government
b) Non - Banking Financial Companies
c) Small & Cooperative Banks
d) None of These
271. CRYPTO-CURRENCY is:

a) Currency of A Country
b) Digital Medium of Exchange
c) Plastic Money
d) None of These
272. FATF stands for:

a) Financial Access to Farmers
b) Funding and Trading Federation
c) Financial Action Task Force
d) None of These
273. INDIA become the member of FATF in:

a) 2009
b) 2010
c) 2014
d) None of These
274. "Microcredit" refers to:

a) Installments given by farmers against loans
b) Small credit given to poor
c) Credit given by government to improve industrialization
d) None of These
275. Which year was declared as the 'International Year of Microcredit' by United Nations:
a) 2005
b) 2004
c) 2011
d) None of These
276. Financial Inclusion is:

a) Delivery of banking services at an affordable cost to weaker sections
b) Delivery of financial services at an affordable cost to weaker sections
c) Social responsibility of banking and government system
d) All of Above
277.
e) None of These
CGC stands for:

a) Credit Guarantee Center
b) Consumable Goods Commission
c) Credit Guarantee Corporation
d) None of These
278. DICGC stands for:

a) Department Intelligence in Credit Guarantee Corporation
b) Deposit Insurance and Credit Guarantee Corporation
c) Depository Insurance and Consumable Goods Commission
d) None of These
279. Which of the following is correct:

a) Bank don't manufacture products or extract natural resources from earth
b) A bank is a business
c) Bank sell financial services such as loans, home mortgage Loans, business loans, checking
accounts, credit card services, certificates of deposit and individual retirement accounts.
d) All of Above
e) None of These
280. BSBDA stands for:

a) Bank Savings and Basic Dearness Allowance
b) Basic Savings Bank Deposit Account
c) Banking of Specific Board Departmental Association
d) None of These
281. When a person publicly announces that he can not repay loans, it is called _______ in
banking language:
a) Poor Credit worthiness
b) Bankruptcy
c) Willful Defaulter
d) None of These
282. 'Swabhiman' the financial inclusion scheme, comes under the purview of which minsitry:
a) Ministry of External Affairs
b) Ministry of Finance
c) Ministry of Home Affairs
d) None of These
283. Unrestricted exchange of goods and services is called:

a) Open Trade
b) Independent Trade
c) Free Trade
d) None of These
284. In a company, the use of sensitive corporate information by the company people to make
gains or cover loss known as:
a) Technical Trading
b) Insider Trading
c) Future Trading
d) None of These
285. IFRS stands for:
a) Indian Financial Reporting Standards
b) International Financial Reporting Standards
c) International Financial Regulations Systems
d) None of These
286. "The Bank that Begins With U" is slogan of:

a) UCO Bank
c) Union Bank
d) None of These
287. World Bank referred to as:

a) Industrial Development Bank in India
b) International Monetary Fund
c) International Bank of Reconstruction and Development
d) None of These
288. "Honors Your Trust" is slogan of:

a) IDBI
b) UCO Bank
c) Axis Bank
d) None of These
289. FIMMDA stands for:

a) Foreign Income Monetary Markets Derivatives Association
b) Finance In Money Markets and Derivatives Association
c) Fixed Income Money Markets and Derivatives Association
d) None of These
290. AMFI stands for:

a) Association of Monetary Finance Index
b) Association of Mutual Funds in India
c) All Mutual Funds Institute of India
d) None of These
291. The 'Food For Work' program was renamed as:

a) MNREGA (Mahatma Gandhi National Rural Employment Guarantee Association)
b) National Rural Employment Program
c) Rural Development Program
d) None of These
292. The higher denomination banknotes in Rs. 1,000 ,Rs. 5,000 , Rs. 10,000 were reintroduced
by RBI in the year:
a) 1950
b) 1964
c) 1954
d) None of These
293. The denomination of Rs. 1,000 ,Rs. 5,000 , Rs. 10,000 were again demonetized by RBI in:
a) 1970
b) 1978
c) 1984
d) None of These
294. The highest denomination note of Rs. 10,000 was printed first time by RBI in:
a) 1945
b) 1938
c) 1954
d) None of These
295. Which of the following is very near to "Soiled Note":

a) Old Notes which can not circulate among people
b) The note which as become dirty due to usage and also include a two piece note pasted
together by gum etc.
c) Notes which are outdated
d) None of These
296. Number of Language appearing on Bank notes are:

a) 18
b) 15
c) 19
d) None of These
297. Which language is prominently displayed in the center where other languages are also
appeared in the note:
a) Urdu
b) Hindi
c) Gujarati
d) None of These
298. _______ language is appeared on the reverse of the banknote:

a) Punjabi
b) Hindi
c) English
d) None of These
299. The Full Form of GAAR is : ?

General Anti Avoidance Rules
300. Minimum and Maximum limits for RTGS?

Minimum 2 Lakh, Maximum No Limit
301. What is a Prime Lending Rate ?

The rate at which banks lend to their best (prime) customers. It is usually less than normal
interest rate.
302. Define Call Money?

When money is borrowed or lent for a day, it is known as Call (Overnight) Money
303. Cheque is a ___ instrument?

Negotiable
304. Full Form of ATM?

Automated Teller Machine
305. IFSC code consist of _____ character?

11
306. CRISIL is a?
Credit rating agency
307. Headquarter of Allahabad Bank is?
Kolkata, West Bengal
308. The extended date for pre-2005 bank notes?

31.12.2015
309. Who is the president of BRICS Bank?

K.V. Kamath
310. Define Self Cheque?

A self cheque is written by the account holder as pay self to receive the money in the physical
form from the branch where he holds his account
311. What is an open Market Operations?

An open market operation is an instrument of monetary policy which involves buying or
selling of government securities from or to the public and banks
312. Define Endorsement?

When a Negotiable Instrument contains, on the back of the instrument an endorsement, signed
by the holder or payee of an order instrument, transferring the title to the other person, it is
called endorsement
313. Is there any minimum and maximum cash withdrawal limit per day?
Yes broadly the withdrawal limits are set by the card issuing banks. This limit is displayed at
the respective ATM locations.
314. What is the full form of NPS?

National Pension Scheme
315. NBFC deals in?

Providing banking services
316. Who is the author of the book My years with Rajiv and Sonia?
R.D. Pradhan
317. The Mutual funds in India follow accounting standards laid by?
SEBI
318. Interest on savings account is calculated on which basis?

Daily basis
319. What is the full form of IFSC?

Indian Financial System Code
320. SBI launched minor a/c for childern above 10 years named as?
PehliUdaan
321. Mutual funds regulated by?
SEBI
322. Full form of GSLV?

Geo-Synchronous Launch Vehicle
323. HDFC erdo is which type of company?
General Insurance Company
324. SEBI is which kind of body?

Market Regulating Body
325. There are how many digits in MICR?

9
326. What is recession?

A period of temporary economic decline, generally identified by a fall in GDP in two
successive quarters
327. BSBDA stands for?

Basic Savings Bank Deposit Account
328. RBI established and nationalized in?

Established in 1935, Nationalized in 1949
Banking Awareness Question Bank v2
S. NO. TOPICS PAGE NO.

1. History of Banking 2-4
2. Reserve Bank of India 4-7
3. NABARD 7 – 10
4. IRDA 10 - 12
5.
6.
BIS
International Organizations
12 - 15
16 - 18
7. National Housing Bank 19 - 21
8. Credit/Debit Cards 21 - 24
9. Fiscal Policy 24 - 27
10. ATM 27 - 30
11. Banking OMBUDSMAN (Part 2) 30 - 33
12. Letter of Credit 33 - 36
13. WTO 36 - 39
14. World Bank 39 - 42
15. Allahabad Bank 42 - 45
16. Syndicate Bank 45 – 48
17. Oriental Bank of Commerce 48 - 51
18. Axis Bank 51 – 54
19. Punjab & Sind Bank 55 – 58
20. Bank of Baroda 58 – 60
21. ICICI Bank 60 – 63
22. PNB 63 – 66
23. United Bank of India 66 – 69
24. Vijaya Bank 69 - 72
25. ICICI Bank 72 – 75
26. Credit/Debit Cards (Part 2) 75 – 78
27. Canara Bank 78 – 81
28. Mixed Topics 81 - 121
By Ramandeep Singh Page 2

HISTORY OF BANKING
Q1. First Bank established in India was:

a) Bank of India
b) Bank of Hindustan
c) General Bank of India
d) None of The Above
Q2. Bank of Hindustan was established in ____:

a) 1700
b) 1770
c) 1780
Q3. Which among the following is correct regarding Bank of Hindustan:

a) The bank was established at calcutta under European management.
b) It was liquidated on 1829 - 32.
c) Both of Above
Q4. ______bank was established in 1786:

a) General Bank
c) Bank of Bengal
Q5. The Largest and Oldest Bank, still in existence is:

Q6. Which among the following is correct:

a) State Bank of India originated as the Bank of Calcutta in June 1806.
b) "Bank of Calcutta" was renamed as "Bank of Bengal".

c) Both of Above
Q7. Which among the following banks form the "Imperial Bank of India" in 1921:
a) Bank of Bombay
b) Bank of Madras www.BankExamsToday.com
c) Bank of Bengal
d) All of the Above
e) None of The Above
Q8. Reserve Bank of India was established under which among the following act:
a) Reserve Bank of India Act 1930
b) Reserve Bank of India Act 1921
c) Reserve Bank of India Act 1934
Q9. RBI was established in:

a) 1 April, 1940
b) 1 April, 1935
c) 1 April 1948
Q10. In which year, SBI was given control of 8 state associated banks under the
State Bank of India (Subsidiary Banks) Act, 1959:
a) 1965
b) 1975
c) 1960
Q11. When was the first nationalization of many banks were conducted:
a) 19 August, 1969
b) 19 October, 1969
c) 19 July, 1969

Q12. How many banks were nationalized as on 19 July, 1969:

a) 15
b) 13
c) 14
Q13. Second Time Nationalization of more than 5 banks were conducted in:
a) 1975
b) 1980
c) 1985
Q14. In 1980, how many banks were nationalized:

a) 5
b) 7
c) 6
Q15. Scheduled Banks are classified into:

a) State Bank of India and Its Associates
b) Nationalized Banks
c) Regional Rural Banks (RRB)
d) Foreign Banks)
e) All of the Above
f) None of The Above
Reserve Bank of India Special

Q16. 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) None of These
Q17. The Central Office of the Reserve Bank was initially established in ______:
a) Indore

b) Delhi
c) Calcutta
d) None of These
Q18. The Central Office of the Reserve Bank of India is now located at:
a) Mumbai www.BankExamsToday.com
b) Hyderabad
c) New Delhi
d) None of These
Q19. The Central Office of the Reserve Bank was permanently moved to Mumbai in
_____:
a) 1934
b) 1937
c) 1935
d) None of These
Q20. Which among the following is correct about The Central Office of RBI:
a) Where Governor Sits
b) Where only Policies are formulated
c) Both of Above
d) None of These
Q21. When RBI came into existence on 1-4-1935, it was:

a) Privately Owned
b) Governmental Owned
c) Privately + Governmental Owned
d) None of These
Q22. Reserve Bank is fully owned by the Government of India since nationalization
in:
a) 1950
b) 1949
c) 1965
d) None of These
Q23. Management of RBI consists of (Regarding Governor and Deputy Governors):

a) 1 Governor + 3 Deputy Governor
b) 1 Governor + 4 Deputy Governor

c) 1 Governor + 5 Deputy Governor

d) None of These
Q24. Current Governor of RBI is:

a) Arundhati Bhattacharya
b) Raghuram Rajan
c) U. K. Sinha
d) None of These
Q25. BFS stands for:

a) Bureau of Financial Supervision
b) Board for Financial Supervision
c) Bi-Lateral Financial System
d) None of These
Q26. The BFS was constituted in:

a) December 1994
b) November 1994
c) September, 1994
d) None of These
Q27. Which among the following is correct about objectives of BFS:

a) To undertake cosolidated supervision of the financial sector
b) Financial Sector comprising commercial banks, financial institutions and non-banking
finance companies
c) Both of Above
d) None of These
Q28. The BFS's board member are appointed for term of :

a) 2 years
b) 3 years
c) 4 years
d) None of These
Q29. The member of BFS board is chaired by:

a) Any Deputy Governor
b) Governor

c) Deputy Governor appointed by Governor

d) None of These
Q30. The Deputy Governor in charge of banking regulation and supervision, is

nominated as the ________of the (BFS) board:
a) Head
b) Vice-Chairman
c) President
d) None of These
NABARD SPECIAL
Q31. NABARD stands for:

a) National Bank for Agriculture and Research Development
b) National Bank for Analysis of Rural Development
c) National Bank for Agriculture and Rural Development
Q32. 'NABARD' came into existence on:

a) 8th July, 1982
b) 19th July, 1982
c) 12th July, 1982
Q33. ARDC stands for:

a) Agriculture Refinance and Development Corporation
b) Agriculture Research and Development Commission
c) Agriculture Research and Development Corporation
Q34. 'NABARD' was dedicated to which among the following Prime Ministers:
a) Gulzari Lal Nanda
b) Indira Gandhi
c) Shri Lal Bahadur Shastri

Q35. 'NABARD was dedicated to the service of the nation by the late Prime
Minister Smt. Indira Gandhi on:
a) 5 November, 1982
b) 10 November, 1982
c) 1 December, 1982
Q36. NABARD was set up with an initial capital of ______:

a) Rs. 50 Crore
b) Rs. 100 Crore
c) Rs. 200 Crore
Q37. Chairman of 'NABARD' is:

a) Manish Kumar Bhanwala
b) Harsh Kumar Bhanwala
c) Sanjay Kumar Bhanwala
Q38. Headquarter of 'NABARD' is located at:

a) Mangalore, Karnataka
b) Mumbai, Maharashtra
c) New Delhi
Q39. NABARD was established on the recommendations of :

a) Shivaraman Committee
b) Malhotra Committee
c) Kumarmangalam Committee
Q40. ________ is the apex institution in the country which looks after the
development of the cottage industry, small industries, village industries and other
rural industries:
a) NABARD
b) SEBI

c) SIDBI
Q41. NABARD was set up essentially as a development bank for promoting:

a) Agriculture Development only
b) Rural Development only
c) Both of The Above
Q42. The main function of NABARD is to provide refinance for rural credit
disburse by the_______and other financial institutions as may be approved by the
Reserve Bank of India:
a) State Co-operative Banks
b) The Regional Rural Banks
c) State Co-operative Banks and The Regional Rural Banks
Q43. Which among the following functions of NABARD is incorrect:

a) Providing finance and also refinance for production and marketing in the rural areas
b) Coordination and advising the operations of institutions engaged in rural credit
c) Promoting research in agriculture and rural development
d) All of The Above
Q44. CSR stands for:

a) Customer Satisfaction Responsibility
b) Corporate Social Responsibility
c) Corporate Social Reforms
Q45. Which among the following is considered as 100% CSR company:

a) SDB (Small Development Banks)
b) NABARD
c) RRBs (Regional Rural Banks)

IRDA
Q46. IRDAI stands for:

a) Insurance Regulatory and Development Authority of India
b) Investment Regulatory and Development Authority of India
c) Insurance Reforms and Development Authority of India
Q47. Headquarter of IRDAI is located at:

a) Hyderabad
b) New Delhi
c) Mumbai
Q48. IRDAI is an autonomous body set up under the _______:

a) IRDA Act, 1999
b) IRDA Act, 2000
c) IRDA Act, 1995
Q49. Which among the following is correct about IRDA's mission:

a) To protect the interest of policy holders
b) To regulate and develop the insurance industry
c) Both of Above
Q50. Chairman of IRDAI is:

a) Ujwal Bir Singh
b) Rakesh Sethi
c) T.S. Vijayan
Q51. Initially, head office of IRDAI was at:

a) Delhi
b) Mumbai
c) Gujarat

Q52. Head office of IRDAI was transferred from Delhi to Hyderabad in ______:
a) 2002
b) 2004
c) 2001 www.BankExamsToday.com
Q53. Now the FDI limit in insurance sector is______:

a) 47%
b) 49%
c) 50%
Q54. Who announced the term insurance repository system in India:

a) Prime Minister
b) Finance Minister
c) T.S. Vijayan
Q55. Insurance Repository is:

a) It is a facility to help policy holders.
b) It provides the facility, buy and keep insurance policies in electronic form rather than as a
paper document
c) Insurance repositories like share depositories or mutual fund transfer agencies will hold
electronic records of insurance policies issued to individuals and such policies are called
"electronic policies" or "e - policies"
d) All of The Above
Q56. In 1818, _________company was established:

a) Oriental Life Insurance Company
b) Britain Insurance Company
c) Standard Insurance Company Limited

Q57. Oriental Life Insurance company was established at:

a) Delhi
b) Lahore
c) Calcutta
Q58. An Ordinance was issued on ________nationalizing the Life insurance
sector:
a) 19 July, 1956
b) 19 January, 1956
c) 2 October, 1956
Q59. Life Insurance Corporation (LIC) was came into existence in_______:
a) 1955
b) 1956
c) 1957
Q60. Which among the following is correct about LIC's absorption:

a) 154 Indian insurers
b) 16 non - Indian Insurers and 75 provident societies
c) 245 Indian and foreign insurers in all
d) All of The Above
BIS
Q61. BIS stands for:

a) Bank Information Settlements
b) Bank for International Standardization
c) Bank for International Settlements
Q62. Head office of BIS is situated at:

a) Geneva, Switzerland
b) Basel, Switzerland

c) Amsterdam, Netherlands
( Point to be Remember - Geographical name of Netherlands is Holland Like India is Bharat)
Q63. The Two representative offices of BIS are situated at:
a) Hong Kong and Mexico City
b) New Delhi and Islamabad
c) Washington D.C. and Nairobi
Q64. Which among the following is mission of BIS:

a) fostering discussion and facilitating collaboration among central banks
b) supporting dialogue with other authorities that are responsible for promoting financial
stability
c) carrying out research and policy analysis on issues of relevance for monetary and financial
stability
d) acting as a prime counter party for central banks in their financial transactions
e) Serving as an agent or trustee in connection with international financial operations
f) All of the Above
g) None of The Above
Q65. Actually BIS was established on:

a) 17 May, 1930
b) 17 May, 1931
c) 17 May, 1932
Q66. The number of central banks which are member of BIS are ______:
a) 70
b) 60
c) 80
Q67. Which among the following is not the member of BIS:

a) Sri Lanka
b) Pakistan

c) Nepal
d) Bangladesh
e) All of The Above
Q68. BIS was established due to:
a) The Bretton Woods Conference of 1930
b) The Hague Agreements of 1930
Q69. SDR stands for:

a) Specific Draft Rights
b) Special Deposits Rights
c) Special Drawing Rights
Q70. Since ______, the BIS has published its accounts in terms of special drawing
rights (SDRs):
a) 2005
b) 2004
c) 2006
Q71. ______is known as bank for central banks:

a) BIS
b) World Bank
c) IMF
Q72. Which among the following is correct about BIS:

a) BIS does not provide financial services to Individuals
b) BIS does not provide financial services to Corporations

c) BIS was created to administer the transaction of monies according to the Treaty of Versailles
d) All of The Above
Q73. General Manager of BIS is:

a) Christine Medeleine Odette Lagarde
b) Jaime Caruana
c) Jim Yong Kim
Q74. In _______the Basel Committee on Banking Supervision proposed a new

capital adequacy framework to replace the current Basel Accord:
a) June, 1999
b) June, 2000
c) June, 2001
Q75. After replacing the current Basel Accord in June 1999 which was the new
pillar for proposed framework:
a) Minimum Capital Requirements
b) Supervisory Review
c) Market Discipline
d) All of The Above
INTERNATIONAL ORGANIZATIONS
Q76. GATT stands for:

a) General Agreement on Tariffs, Tradition and Trade
b) General Agreement on Tradition and Trade
c) General Agreement on Tariffs and Trade

Q77. Now, headquarter of WTO is located at:

a) Washington. D.C.
b) Geneva, Switzerland
c) Willington, New Zealand
Q78. Headquarter of World Bank is situated at:

a) Washington D.C.
b) Jeneva
c) Luanda
Q79. The number of member nations of WTO as on April, 2015 were:

a) 161
b) 151
c) 171
Q80. Which among the following is not an agency of United Nations:

b) International Bank for Reconstruction and Development
c) World Trade Organization
Q81. First Indian Train having ISO 9001 certificate runs between ______:
a) Hazrat Nizammuddin - Agra Cantt
b) Hazrat Nizammudin Habeebganj (Bhopal)
c) Delhi - Kolkata - Mumbai - Kota
Q82. "Food for Work Program" was renamed as _______:

a) RLEGP
b) IRDP
c) NREP
d) MNP
Q83. Which sector has the maximum quantum of disguised unemployment in

India:
a) Agriculture
b) Industry
c) Trade
d) Transport
Q84. Golden Bond Scheme was introduced introduced in the budget proposal of
______:
a) 1991 - 92
b) 1992 - 93
c) 1993 - 94
d) 1994 - 95
Q85. The Headquarter of SIDBI is located at:

a) Lucknow
b) New Delhi
c) Mumbai
d) Bangalore
Q86. Industrial Reconstruction Bank of India (IRBI) was established in:

a) 1975
b) 1985
c) 1990

d) 1992
Q87. IMF was established on:

a) 30 Novemberr, 1948
b) 27 December, 1945
c) 19 July, 1947
Q88. Headquarters of IMF is located at:

a) Washington D.C.
b) Jeneva
c) London

a) IMF was formed in 1944 at the Bretton Woods Conference.
b) IMF came into formal existence in 1945 with 29 member countries.
Q90. _____was the first country to borrow from IMF:

a) France
b) India
c) Germany
National Housing Bank Special

Q91. NHB stands for:
a) National Housing Business
c) Non - Housing Bank

Q92. National Housing Bank was set up on ______:

a) 9 July, 1987
b) 9 July, 1986
c) 9 July, 1988 www.BankExamsToday.com
Q93. National Housing Bank was set up on July 9, 1988 under which among the
following acts:
a) National Housing Bank Act, 1985
b) National Housing Bank Act, 1986
c) National Housing Bank Act, 1987
Q94. _____is an apex financial institution for housing:

a) RBI
b) SBI
c) NHB
Q95. The Head Office of National Housing Bank is at:

a) Kolkata
b) Bangalore
c) New Delhi
d) Mumbai
Q96. National Housing Bank is wholly owned by _____, which contributed the
entire paid-up capital:
a) Securities and Exchange Board of India

Q97. NHB has been established with an objective to:

a) Operate as a principal agency to promote housing finance institutions
b) promote housing finance institutions both at local and regional levels
c) provide financial and other support incidental to such institutions and for matters connected
therewith
d) All of The Above
Q98. _______is the Managing Director and Chief Executive Officer of NHB now:
a) Raghu Ram Rajan
b) Sriram Kalyanaraman
c) Urjit Patel
Q99. HFC stands for:

a) Housing Finance Company
b) Housing Finance Corporation
c) Housing Federation of Commerce
Q100. NHB issued Directions, 2001 main emphasis on:

a) Portfolio Managment
b) Asset Liability Management
c) Housing for Rural citizen
Q101. _______plays the vital role in setting up of National Housing Bank:

a) K. R. Puri
b) Dr. Manmohan Singh
c) C. Rangarajan
Q102. According to 'Housing For All' scheme, main emphasis is to provide houses
to:
a) Rural Citizens
b) Urban Citizens


Q103. Housing For All - Main focus is to provide affordable houses to urban poor
ranging from Rs. _______to _______ per house:
a) 1,00,000 and 2,30,000
b) 1,00,000 and 2,50,000
c) 1,00,000 and 3,00,000
Q104. The main objective of 'Housing For All' scheme is to promote slum free cities
by:
a) 2020
b) 2022
c) 2025
Credit/Debit Cards
Q105. Credit Cards are a convenient substitute for _____:
a) Cash
b) Cheque
Q106. Credit Card is an essential component of :

a) Electronic Commerce
b) Internet Commerce
Q107. Credit Card can be issue by:

a) Bank only
b) Stores only
c) Service Provider (e.g. Airline)
d) All of The Above

Q108. Credit Cardholders normally must pay for credit card purchases within
_____days of purchase:
a) 30 days www.BankExamsToday.com
b) 15 days
c) 45 Days
Q109. Top 5 credit cards issuer in India are:

a) PNB, SBI, ICICI, Standard Chartered Bank, Allahabad Bank
b) American Express, Citi Bank, PNB, SBI, Andhra Bank
c) ICICI, HDFC, SBI, Citi Bank, American Express
Q110. Which among the following is incorrect about Credit Cards:

a) Credit cards offer the easiest ways to borrow money
b) It is beneficial for short term borrowing
c) If a person cannot afford to pay balances in full before the due date, he is shooting himself in
the foot by borrowing on the card
Q111. Interest is charged on credit cards:

a) Yes
b) No
c) None of The Above
Q112. The concept of using a card for purchases was described in ___:
a) 1855
b) 1887
c) 1877

Q113. The term credit card was first time used by:
a) Edward Binni
b) Edward Bellamy
c) Edward Bamulson
Q114. Which among the following is correct about the Grace Period:
a) the time in which cardholders has to pay the balance before interest is assessed on the
outstanding balance
b) Grace period may vary, but usually range from 20 to 55 days depending on the type of credit
card and the issuing bank
c) All of The Above
Q115. If a cardholder is late paying the balance, finance charges will be calculated
and the grace period _____:
a) Start apply
b) does not apply
Q116. Business Credit Cards are:

a) Specialized credit cards issued in the name of a registered business
b) can be used only for business purpose.
Q117. Compared to debit cards and cheques, a credit card allows:

a) small short-term loans to be quickly made to cardholder
b) small short term loans are made to cardholder and he need not calculate a balance remaining
before every transaction
c) total charges do not exceed the maximum credit line for the card
d) All of The Above

Q118. NPCI stands for:

a) National Commission for Payment Information
b) National Payment Corporation of India
c) National Payment Commission of India
Q119. Which among the following is correct
a) RuPay is a combination of two words - Rupee and Payment
b) RuPay Card is an Indian version of credit/debit card
c) RuPay Card is very similar to international card such as Visa/Master
d) All of The Above
FISCAL POLICY
Q120. Fiscal Policy deals with the ______and ______decisions of the

government:
a) Incomes and Expenditures
b) Taxation and Expenditures
c) Trading and Expenditures
d) None of These
Q121. In most modern economies, the government deals with fiscal policy while
the ________is responsible for monetary policy:
a) Government
b) SEBI
c) Central Bank
d) None of These
Q122. Fiscal Policy is composed of several parts which includes:

a) Tax Policy and Expenditure Policy
b) Investment or Disinvestment Strategies
c) Debt or Surplus Management
d) All of the Above
e) None of These
Q123. Find out the incorrect among following:

a) When the government receives more than it spends, it has a surplus

b) If the government spends more than it receives it runs a deficit
c) On a broad generalization, excessive printing of money leads to inflation
d) All of the above
e) None of These
Q124. Which among the following is incorrect:
a) The Gross Fiscal Deficit (GFD) of government is the excess of its total expenditure, current
and capital including loans net of recovery, over revenue receipts (including external grants) and
non - debt capital receipts
b) The Net Fiscal Deficit is the Gross Fiscal Deficit reduced by net lending by government
c) The Gross primary deficit is the GFD less interest payments
d) Primary Revenue Deficit is the revenue deficit less interest payments
e) All of the Above
f) None of These
Q125. If budget constraint stands in present value terms, then fiscal policy may be
considered as____:
a) Stagnant
b) Sustainable
c) Escaped
d) None of These
Q126. Fiscal Sustainability is essential to:

a) Motivate both public and private sector to grow
b) Allows governments to be autonomous to witness excellent economic growth in the long run.
c) Consider both revenue collections and potential variation in expenditure patterns so that
demand may be fulfilled in the long run.
d) All of the Above
e) None of These
Q127. DTC stands for:

a) Direct Tax Code
b) Direct Tax Control
c) Direct Tax Centre

d) None of These
Q128. FRBM stands for:

a) Fiscal Revenue Budget Management
b) Fiscal Responsibility and Budget Management
c) Fiscal Reforms and Budget Management
d) None of These
Q129. Fiscal Policy comprises of three positions - Neutral Position, Expansionary

Position, Contractionary Position. Find out the wrong definition among the
following:
a) Neutral Position - It applies when the budget outcome has neutral effect on the level of
economic activity where the government spending is fully funded by the revenue collected from
the tax.
b) Expansionary Position - It is position when there is a higher budget deficit where the
government spending is higher than the revenue collected from the tax.
c) Contractionary Position - It s a position when there is a lower budget deficit where the
government spending is lower than the revenue collected from the tax
d) All of the Above
e) None of These
Q130. Which of the following definitions are wrong about Revenue Receipts:
a) Revenue Receipts consists of revenue from regular sources like Taxation revenues e.g.
receipts from corporate tax, income tax, excise tax, excise duty, custom duty, service tax etc.
b) Non tax revenue which include interest on loans, dividends from public sector units, Fees and
Stamp Duties
c) Both of Above
d) None of These
Q131. Which of the following definitions are correct about Capital Receipts:
a) Capital receipts refers to those inflows to government that are not in the nature of regular
income.
b) Other receipts like Disinvestment (selling some shares of a PSU) comes under capital receipt
c) Both of Above
d) None of These

Q132. _______are on going expenditure not covered under the 5 - year plans:
a) Plan Expenditure
b) Non Plan Expenditure
c) Both of Above
d) None of These
Q133. For stepping up the rate of economic development ______plans have been
formulated:
a) 3 Years
b) 5 years
c) 10 Years
d) None of These
Q134. The objectives of fiscal policy such as economic development, price stability,
social justice etc. can be achieved only if the which of following tools of policy are
effectively used:
a) Public Expenditure and Taxation
c) Borrowing and Deficit Financing
d) All of the Above
e) None of These
ATM’S
Q135. Inventor of ATM was:

a) Ian Luther Steward
b) David Block
c) John Adrian Shepherd Barron (A Britisher)
d) None of These
Q136. Inventor John Shepherd Barron installed the worlds's first automatic cash
dispenser at a ______near London:
a) London Bank Branch
b) Barclays Bank Branch
c) Royal Grand Federal Bank Branch
d) None of These

Q137. ATM machine was invented in the year _____:

a) 1967
b) 1968
c) 1969
d) None of These
Q138. The Machine was called as:
a) De La Rue Automatic Cash System
b) DACS
c) Both of Above
d) None of These
Q139. _____was the first bank to Introduce the ATM concept in India:
a) HSBC
b) SBI
c) Standard Chartered Bank
d) None of These
Q140. HSBC introduced the ATM concept in India in:

a) 1988
b) 1987
c) 1989
d) None of These
Q141. World's Highest ATM is located at:

a) Sikkim
b) Leh
c) Ladakh
d) None of These
On 12 December, 2003 UTI Bank inaugurated its ATM at Thegu, Near the Nathu - La pass in
Sikkin. The Height of ATM is near about 13,200 Feet above the sea level. The ATM is opened
there for the convenience of Indian Army Personnel of that area.
Q142. ATM stands for:

a) Automated Teller Machine

b) Automatic Telling Machine

c) Automatic Taking Machine
d) None of These
Q143. White Label ATM means:

a) The ATM that does not have any bank logo.
b) The ATM carries logo of RBI
c) Both of Above
d) None of These
Q144. Which among the following is correct about the "White Label ATM":
a) Any non bank entity with a minimum net worth of Rs. 100 crore can apply for white label
ATMs. (Not Just NBFCs, any non bank entity can apply)
b) White Label ATM does not carry any bank's logo.
c) RBI has given license/permission to non - bank entities to open White Label ATMs.
d) Sponsor Bank provides the cash.
e) None of These
f) All of the Above
Q145. The first company to get RBI's permission to open White Label ATMs is:
a) Tata Communications Payment Solutions Limited (TCPSL)
b) Muthoot Finance
c) Prizm Payments
d) AGS
e) None of These
Q146. TCPSL started their White Label ATMs chain under brand name______:
a) Easecash
b) Indicash
c) T - Cash
d) None of These
Q147. Which among the following is correct about Brown Label ATMs:
a) These ATMs are owned and maintained by service provider.

b) Bank whose Brand name is used on ATM takes care of cash management and network
connectivity.
c) Both of Above
d) None of These
Q148. Which among the following definitions are correct:
a) Online ATMS - These ATMs are connected to the bank's database at all times and provide real
time transactions online. The withdrawal limits and account balances are constantly monitored
by the bank.
b) Offline ATMs - These ATMs are not connected to bank's database hence they have a
predefined withdrawal limit fixed and you can withdraw that amount irrespective of the balance
in your account.
c) Both of the Above
d) None of These
Q149. Which among the following definitions of ATMs are incorrect:

a) Onsite ATM - The ATMs installed within a branch premises.
b) Stand Alone ATM - The ATMs are not connected with any ATM network hence their
transactions are restricted to the ATM's branch and link branches only.
c) Both of Above
d) None of These
BANKING OMBUDSMAN (PART 2)
Q150. The Banking Ombudsman Scheme was introduced under:

a) Banking Regulation Act, 1935
b) Banking Regulation Act , 1949
c) Banking Regulation Act, 1985
Q151. The Banking Ombudsman Scheme was introduced under Section 35 A of the
Banking Regulation Act, 1949 by RBI with effect from _______:
a) 1992
b) 1993
c) 1995

Q152. The Banking Ombudsman Scheme was first introduced in India in 1995 and
it was revised in ______:
a) 2002
b) 2004 www.BankExamsToday.com
c) 2006
Q153. Current Banking Ombudsman Scheme introduced in ________:

a) 2004
b) 2005
c) 2006
Q154. Banking Ombudsman is appointed by __________:

a) Central Finance Minister
c) SEBI

a) Banking Ombudsman is a senior official appointed by RBI.
b) The Offices of Banking Ombudsman is mostly situated at State Capitals.
c) All Scheduled Commercial Banks, Regional Rural Banks and Scheduled Primary Co-operative
Banks are covered under the Banking Ombudsman Scheme
Q156. Banking Ombudsman is appointed for:

a) handling and redress banks complaints against customers' behavior
b) handling and redress customer complaints against deficiency in certain banking
services
c) providing decision on important banking operations like - CRR, SLR and MSF etc.

Q157. Which among the following is suitable ground of complaint against banks to
Banking Ombudsman:
a) Charging any commission for acceptance of small denomination notes
b) Any delay in payment of inward remittances or non payment of inward remittances
c) Any excessive delay or non - payment of collection of cheques, drafts, bills etc.
d) If any banking organization refuses to accept taxes or any delaying in accepting taxes ( as
required by RBI or Government of India).
e) Any Delay in issuing Government Securities
f) All of The Above
g) None of The Above
Q158. A bank customer can file a complaint against banking organization if reply is
not received from the bank within a period of _____after concerned bank has
received complaint representation:
a) Two Months
b) One Month
c) Three Months
Q159. You can file a complaint to Banking Ombudsman if:

a) If bank rejects the complaint
b) If bank show negligence for your complaint
c) Both of Above
Q160. If complainant is not satisfied with bank's reply can he file a complaint to
Banking Ombudsman:
a) Yes
b) No
Q161. Banking Ombudsman charge ______fee for filing and resolving customer's
complaints:
a) Rs. 10,000
b) Rs. 5,000
c) No Fees charge

Q162. If any loss suffered by the complainant then complainant will get:
a) Rs. 5,00,000 for any huge loss
b) Rs. 10,00,000 for any huge loss
c) amount arising directly out of the act or omission of the bank or Rs. 10,00,000,
whichever is lower
Q163. If one party rejects the Banking Ombudsman's decision then:

a) such party have to satisfied with Banking Ombudsman's decision only
b) such party can approach the appellate authority against the Banking
Ombudsmen's decision.
c) such party can approach the governor of RBI.
Q164. Appellate Authority is vested with a:

a) Deputy Governor of RBI
b) Head Governor of RBI
c) Finance Ministry
LETTER OF CREDIT
Q165. 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
Q166. Letter of Credit is used only for international trading payment operations:
a) Yes
b) No

Q167. Most Letter of Credit often used in International Trade. Letters of Credit are
governed by rules promulgated by the:
a) International Chamber of Commerce
b) Uniform Customs and Practice for Documentary Credits
Q168. Letter of Credit is beneficial for which party:

a) Seller (Exporter)
b) Buyer (Importer)
Q169. Sellers must trust that the bank issuing the letter of credit is valid, and that
the bank will pay as agreed. If sellers have any doubts, they can use a ______letter
of credit, which means that another (presumably more trustworthy) bank will
guarantee payment:
a) Confirmed
b) Irrevocable
c) Revocable
Q170. Letter of Credit is essential. Which among the following functions is suitable
regarding the requirement of letter of credit:
a) Importers and exporter regularly use letters of credit to protect themselves.
b) Working with an overseas buyer can be risky because you do not necessarily know who you're
working with.
c) Buyer may be honest and have good intentions, but business troubles or political unrest can
delay payment of seller.
d) Communication can be difficult across thousands of miles and different time zones.
e) All of The Above
Q171. Letter of Credit are usually issued by:

a) B1anks
b) Financial Institutions
c) Both of Above
Q172. Besides the Banks and Financial Institutions, Letter of Credit can be issue
by:
a) Insurance Companies
b) Mutual Funds
c) Both of Above
Q173. Which among the following definitions are wrong:

a) Beneficiary - The company or individual who will receive the payment from buyer.
b) Issuing Bank - The bank which issues letter of credit to seller party
c) Advising Bank - (The bank where seller wants receipt of payment)
d) All of The Above
Q174. The bank with which credit is available (to seller) called ______:
a) Delegated Bank
b) Nominated Bank
c) Any Bank
Q175. If no bank is mentioned in the credit as nominated bank, then:

a) penalty can occur
b) all banks are nominated
c) cancellation of letter of credit
Q176. Which among the following is correct about term 'Revocable' in Letter of
Credit:

a) If buyer and Issuing Bank that established the Letter of Credit manipulate the Letter of
Credit.
b) Any corrections made without informing or getting permission from the seller.
c) All LCs are irrevocable (Type of LC is obsolete).
d) All of The Above
Q177. Which is correct about Irrevocable letter of credit:

a) only allows change or cancellation of the letter of credit by issuing bank with approval by the
beneficiary.
b) All letters of credit governed by the current UCP are irrevocable letter of Credit.
Q178. Letter of Credit can be transferred:

a) Yes
b) No
Q179. A _____letter of credit allows the beneficiary to receive partial payment

before shipping the products or performing the services. Originally these terms
were written in red ink, hence the name. In practical use, issuing banks will rarely
offer these terms unless the beneficiary is very creditworthy or any advising bank
agrees to refund the money if the shipment is not made:
a) Simple
b) Red Clause
c) Black
WTO
Q180. WTO stands for:

a) World Territory Organization
b) World Trade Organization
c) World Task Organization

Q181. The WTO began life on _______:

a) 1 January, 1994
b) 1 January, 1995
c) 1 January, 1996
Q182. You heard about the term "GATT". The term "GATT" stands for:
a) General Agreement on Tariffs, Tradition and Trade
b) Global Agreement on Tradition and Trade
c) General Agreement on Tariffs and Trade
Q183. GATT was signed by 23 nations in Geneva on October 30, 1947 and took
effect on______:
a) 1 January, 1949
b) 1 January, 1948
c) 1 December, 1947
Q184. The WTO replaced GATT as the world's global trading body in _____:
a) 1994
b) 1995
c) 1996
Q185. The trading regulations of GATT were established between ______and

_____:
a) 1947 and 1994
b) 1947 and 1995
c) 1946 and 1996
Q186. The second WTO ministerial meeting held in ______in May 1998 included a
celebration of the 50th anniversary of the system:
a) Geneva

b) Washington, D.C.
c) Nairobi
Q187. The last and largest GATT round, was the _____round:
a) Tokyo Round
b) Geneva Round
c) Uruguay
Q188. Headquarter of GATT was:

a) Geneva, Switzerland
b) Nairobi, Kenya
c) Amsterdam, Netherlands
Q189. Now, headquarter of WTO is located at:

a) Washington. D.C.
b) Geneva, Switzerland
c) Willington, New Zealand
Q190. Which among the following is the main pillars for the WTO:
a) Agreement on Trade Related Aspects of Intellectual Property Rights (TRIPS)
b) General Agreement on Trade in Services
Q191. Which among the following is not an agency of United Nations:

b) International Bank for Reconstruction and Development
c) World Trade Organization

Q192. Which among the following are the functions of WTO:

a) implementation of trade related rules
b) dispute settlement between trading countries
c) provide guidelines, rules and regulation regarding trade worldwide
d) All of The Above
Q193. ______is current and sixth director general of WTO:

a) Jim Yong Kim
b) Roberto Azevedo
c) Christine Madeleine Odette Lagarde
Q194. The number of member nations of WTO as on April, 2015 were:

a) 161
b) 151
c) 171
WORLD BANK
Q195. World Bank was comes into existence on:

a) July, 1946
b) July, 1945
c) July, 1944
Q196. Headquarter of World Bank is situated at:

a) Washington D.C.
b) Jeneva
c) Luanda

Q197. Member countries of 'World Bank' are:

a) 185
b) 187
c) 188
Q198. World Bank comprises of:
a) International Bank for Reconstructions and Development
b) International Development Association
Q199. Which among the following is also part of World Bank Group:
a) International Finance Corporation
b) Multilateral Investment Guarantee Agency (MIGA)
c) International Center for Settlement of Investment Disputes (ICSID)
d) All of The Above
Q200. The main focus of IBRD and IDA is on ___________:

a) Developed Countries
b) Developing Countries
Q201. President of World Bank is:

a) Barack Obama
b) Jim Yong Kim
c) Shinjo Chain
Q202. Jim Yong Kim appointed as the president of World Bank in:
a) 2012
b) 2014
c) 2015

Q203. Which among the following is correct about membership of 'World Bank':
a) 188 Countries (187 UN countries and Kosovo)
b) 188 Countries (187 UN countries and Monaco)
c) 188 Countries (187 UN countries and Vatican City)
Q204. World Bank Group get its formal existence on:

a) 27 September, 1945
b) 27 October, 1945
c) 27 December, 1945
Q205. The president is selected by the board of executive directors for a

____year, renewable term:
a) 5 Year
b) 3 Year
c) 4 Year
Q206. The Executive Directors make up the 'Board of Directors' of the World
Bank. They normally meet at least ______a week to oversee the bank's business,
including approval of loans and guarantees, new policies, the administrative
budget, country assistance strategies and borrowing and financial decisions:
a) Thrice
b) Twice
c) Once
Q207. The president of World Bank between (June 1946 - December 1946) was:
a) John J. McCloy
b) Eugene Meyer
c) James Wolfensohn

Q208. Basic Purpose of World Bank is:

a) Removal of Poverty from world
b) Provide Credit to Poor Countries and Developing Countries
Q209. Which among the following is not member of World Bank Group:
a) Andorra
b) Cuba
c) Monaco
d) Liechtenstein
e) Nauru
f) North Korea
g) All of The Above
h) None of The Above
ALLAHABAD BANK SPECIAL
Q210. Allahabad Bank was founded on_____ by a group of Europeans at

Allahabad:
a) July 19, 1865
b) October 2, 1865
c) April 24, 1865
d) None of These
Q211. In 1923, the Head Office of the bank was shifted to ______on business
considerations:
a) Calcutta
b) Chennai
c) Darjeeling
d) None of These
Q212. Allahabad Bank was nationalized on:

a) November 1980
b) 19 July, 1969
c) 15 January, 1971

d) None of These
Q213. In October 1989 _______bank was merged with Allahabad Bank:

a) United Industrial Bank Limited
b) Unit Trust of India Bank Limited
c) New India Bank Limited
d) None of These
Q214. In which year Allahabad Bank's business (First Time) crossed Rs. 1,00,000
crore mark:
a) 2006
b) 2007
c) 2010
d) None of These
Q215. Bank Celebrates its 150 years of foundation on:

a) April, 2014
b) April, 2015
c) April, 2015
d) None of These
Q216. Headquarter of Allahabad Bank is situated at:

a) New Delhi
b) Allahabad, Uttar Pradesh
c) Kolkata, West Bengal
d) None of These
Q217. Chairman and Managing Director of Allahabad Bank is:

a) A Udgata
b) Shashank Saksena
c) Rakesh Sethi
d) None of These
Q218. In March 2013, Allahabad Bank crosses bench mark business figure Rs.
3,00,000 crore and enters in________:
a) Orbit of Large Banks

b) India's Largest Bank

c) Large Operational Bank
d) None of These
Q219. Slogan of Allahabad Bank is:

a) Together We Prosper
b) A Tradition of Trust
c) A Long Tradition of Trust
d) None of These
Q220. In February 2007, Allahabad Bank opened its first overseas branch in ____-
:
a) Australia
b) Hong Kong
c) London
d) None of These
Q221. CBS stands for:

a) Central Banking Solutions
b) Core Banking Solution
c) Code Banking Solutions
d) None of These
Q222. According to data of 2015, currently ________branches of Allahabad Bank

are operating:
a) More Than 4000
b) More Than 3000
c) More Than 5000
d) None of These
Q223. In ______, Allahabad Bank has implemented CBS in all its branches:
a) March, 2011
b) March, 2012
c) March, 2013
d) None of These

Q224. Which among the following is correct about the vision and mission of
Allahabad Bank:
a) To put the bank on a higher growth path by building a strong customer base through Talent
Management, induction of state-of-the-art Technology and through Structural Re-organization
b) To Ensure anywhere and any time banking for the customer with latest stae-of-the-art
technology and by developing effective customer centered relationship and to emerge as a world
class service provider through efficient utilization of Human Resources and product innovation.
c) Both of Above
d) None of These
SYNDICATE BANK SPECIAL
Q225. Syndicate Bank was established in _____ in Udupi:

a) 1926
b) 1900
c) 1925
d) None of These
Q226. Udupi is related to abode of Lord ______:

a) Hanuman
b) Shiva
c) Krishna
d) None of These
Q227. Who among the following founded the Syndicate Bank:

a) Upendra Ananth ( A businessman)
b) Vaman Kudva (An engineer)
c) T M A Pai (A physician)
d) All of the Above
e) None of These
Q228. The primary objective of bank on that time was:

a) To remove overall poverty from Karnataka.
b) To extend financial assistance to the local weavers through mobilizing small
savings from the community.

c) To social welfare only

d) None of These
Q229. The Logo of Syndicate Bank contains picture of:

a) Elephant
b) Lion www.BankExamsToday.com
c) Dog
d) Puma
e) None of These

a) Picture of Dog in logo, symbolizing the tradition of faithfulness and friendliness.
b) In the logo, orange color denotes power, energy, enthusiasm, creativity, thoughtfulness and
sincerity.
c) Yellow color in the logo, denotes acquisition of knowledge, it is best color to create
enthusiasm for life and can awaken greater confidence and optimism, it helps with decision
making as it relates to clarity of thoughts and ideas and it is non - emotional coming from the
head rather than the heart.
d) All of The Above
e) None of These
Q231. MD and CEO of Syndicate Bank is:

a) Arun Shrivastava
b) Animesh Chauhan
c) T K Shrivastava
d) None of These
Q232. Headquarter of Syndicate Bank is now situated at:

a) Shimla, Himachal Pradesh
b) Dispur, Assam
c) Manipal, Karnataka
d) None of These
Q233. Slogan of Syndicate Bank is:

a) You can Faith on us
b) Your Faithful and Friendly Financial Partner

c) Faithfulness Banking
d) None of These
Q234. The Syndicate Bank was nationalized on:

a) 14 November, 1969
b) 19 July, 1969 www.BankExamsToday.com
c) 2 October, 1969
d) None of These
Q235. Which among the following schemes were launched by Syndicate Bank:
a) Water Conservation Initiatives (Clearing and cleaning of village ponds in the selected service
area villages)
b) Homestead Farming ( Mainly for multiple cropping)
c) SyndShakti Smart Card (Under NREGP, Social security pension scheme, financial inclusion
through branch less banking and door step financial services for empowering rural population)
d) All of The Above
e) None of These
Q236. In 2010 - 11, the bank opened _____branches under the financial inclusion
program of the Government of India:
a) 125
b) 135
c) 145
d) None of These

a) Syndicate Manipal School of Banking (SMSB) is a joint venture between Syndicate Bank and
Manipal Global Education (MAGE).
b) Recently, Syndicate Bank tied up with MAGE for a post graduate diploma course in banking
and finance.
c) Under this, bank will select the candidates and they will be completing a 1 year PGDBF
course. After the successful completion of the course, these candidates will be appointed as a
Scale 1 officer with the bank.
d) All of the Above
e) None of These

Q238. In 2009 - 2010, Syndicate Bank opened _____branches on a single day:

a) 50
b) 52
c) 53
d) None of These
a) Syndicate Bank is planning to open 355 branches during the financial year 2015 - 16
b) Syndicate Bank also planning to recruit 5000 personnel in clerical and official cadre.
c) Both of Above
d) None of These
ORIENTAL BANK OF COMMERCE
Q240. Oriental Bank of Commerce was founded on:

a) 20 February, 1943
b) 19 February, 1943
c) 21 February, 1943
d) None of These
Q241. Headquarter of Oriental Bank of Commerce (OBC) is located at:

a) New Delhi
b) Udaypur, Rajasthan
c) Gurgaon, Haryana
d) None of These
Q242. Slogan of Oriental Bank of Commerce is:

a) Working for a better tomorrow
b) Where every individual is committed
c) We understand your world
d) None of These
Q243. OBC was founded in 1943 in:

a) Lahore
b) Rawalpindi

c) Gujjarpur
d) None of These
Q244. __________was the first chairman and one of the founder of the OBC:
a) Rai Chand Ram Bahdur
b) Rai Bahadur Lala Sohan Lal
c) Lala Rai Bahadur Singh
d) None of These
Q245. After partition in 1947, OBC had to close down its branches in the newly
formed Pakistan and shift its registered office from Lahore to _______:
a) Jalandhar
b) Amritsar
c) Patiala
d) None of These
Q246. The bank was nationalized on:

a) 25 August, 1951
b) 19 July, 1969
c) 15 April, 1980
d) None of These
Q247. In 1997, which among the following bank was acquired by OBC:
a) Bari Doab Bank
b) Punjab Cooperative Bank
c) Both of the Above
d) None of These
Q248. OBC amalgamated _____bank:

b) Global Unit Bank
c) Global Standard Bank
d) None of These
Q249. Global Trust Bank was amalgamated by OBC on:

a) 14 August, 2004
b) 15 August, 2004
c) 18 August, 2004
d) None of These
Q250. MD and CEO of Oriental Bank of Commerce is:
a) Animesh Chauhan
b) Suresh Patel
c) Uday Khosla
d) None of These
Q251. Which among the following products and services are provided by oriental
bank of commerce:
a) Insurance Products
b) Self - Banking Halls
c) Internet Banking
d) ATMs
e) All of the Above
f) None of These
Q252. Grameen project by OBC implemented in:

a) Dehradun (Uttarakhand)
b) Hanumangarh (Rajasthan)
c) Both of Above
d) None of These
Q253. OBC has a _____branches in India:

a) More Than 630
b) More Than 530

c) More Than 430

d) None of These
Q254. On _______, OBC launched unique scheme, "The Comprehensive Village
Development Programme" in three villages of Punjab:
a) 13 April, 1997
b) 15 April, 1997
c) 19 April, 1997
d) None of These
AXIS BANK SPECIAL
Q255. UTI Bank Limited was actually founded on:

a) 1990
b) 1991
c) 1992
d) None of These
Q256. Axis Bank was formerly known as:

a) Hind Bank Limited
b) UTI Bank Limited
c) United India Bank Limited
d) None of These
Q257. Headquarter of Axis Bank is located at:

a) Hyderabad, Aandhra Pradesh
b) New Delhi
c) Mumbai, Maharashtra
d) None of These
Q258. Slogan of Axis Bank is:

a) Badhti Ka Naam Zindagi
b) Good People to Bank with
c) Hum Hai Na
d) None of These

Q259. Axis Bank was incorporated on ________and get certificate of business on

14th December:
a) 3rd December 1993
b) 15th December 1993
c) 10 December 1993
d) None of These www.BankExamsToday.com
Q260. _______was the first private sector bank to get a license under the new
guidelines issued by the RBI on that time in 1993:
a) SBI
b) Axis Bank
c) Punjab and Sind Bank
d) None of These
Q261. In 1997, Axis Bank obtained license to act as depository participant with
NSDL and applied for registration with SEBI to act as______:
a) Trustee to Share Holders
b) Trustee to Debenture Holders
c) Trustee to Government Securities
d) None of These
Q262. In 1999 UTI Bank (Axis Bank) and _____have launched an international co-
branded credit card:
a) Citibank
b) Canara Bank
c) Vijaya Bank
d) None of These
Q263. UTI Bank (Axis Bank) have come together to launch an international co-
branded credit card under the _______umbrella:
a) Visa Card
b) Master Card
c) Rupay
d) None of These

Q264. In 2000, Axis Bank announced and launched which among the following
services:
a) The bank has announced the launch of Tele - Depository services for its depository clients.
b) UTI Bank has launch of "I-Connect", its internet banking product.
c) UTI bank has signed a memorandum of understanding with equitymaster.com for e - broking
activities of the site.
d) All of the Above
e) None of These
Q265. In _____company name has been changed from UTI Bank Limited to Axis
Bank Limited:
a) 2006
b) 2007
c) 2005
d) None of These

a) Axis bank launches Platinum Credit Card, India's Firs EMV chip based card in 2008.
b) Axis Bank set up its branch at llanji at Meenakshi Nagar on the coutralam - madurai road on
April 16, 2008
c) Both of Above
d) None of These
Q267. Managing Director & CEO of Axis Bank since 2009 is:
a) Chanda Kochhar
b) Shikha Sharma
c) Usha Ananthasubramanian
d) None of These
Q268. The first branch of UTI was inaugrated on 2 - 4 - 1994 in Ahmedabad by

_____:
a) Dr. Manmohan Singh
b) Atal Vihari Bajpayee
c) Sonia Gandhi
d) None of These

Q269. Who was appointed as the Brand ambassador of Axis Bank on 5 June, 2014:
a) Kareena Kapoor
b) Deepika Padukone
c) Asin
d) None of These
Q270. UTI Bank opened its first overseas branch in 2006 at:
a) America
b) Singapore
c) London
d) None of These
Q271. Axis Bank is a:

a) Private Sector Bank
b) Public Sector Bank
c) Wholly Government Bank
d) None of These
Q272. Which among the following awards won by Axis Bank:

a) Bank of the Year Money Today FPCIL Awards 2012 -13
b) "Consistent Performer" in 'India' best banks - 2012
c) Both of Above
d) None of These
Q273. Axis Bank was the _____Indian private sector bank to set up a branch in
China:
a) First
b) Second
c) Third
d) None of These
Q274. The Axis Bank's __________branches are operating from India as on 31 - 3

- 2015:
a) 2,489
b) 2,589
c) 2,689

d) None of These
PUNJAB & SIND BANK
Q275. Punjab & Sind Bank was founded on:
a) 24 July, 1908
b) 24 June, 1908
c) 19 July, 1908
d) None of These
Q276. Headquarter of Punjab & Sind Bank is located at:

a) New Delhi
b) Patiala
c) Chandigarh
d) None of These
Q277. How many branches of Punjab & Sind Bank are operating in Punjab:
a) More Than 600
b) More Than 400
c) More Than 500
d) None of These
Q278. How many branches of Punjab & Sind Bank are operating at India Level:
a) More than 1350
b) More than 1450
c) More Than 1750
d) None of These
Q279. Among the following person, major founder of Punjab & Sind bank was:
a) Bhai Vir Singh
b) Sir Sunder Singh Majitha
c) Sardar Tarlochan Singh
d) All of the Above

e) None of These
Q280. The bank was founded on the principle of:

a) Social Commitment to help the weaker section of the society to raise their
standard of life.
b) Enhancement and Development of people of punjab only.
c) To collect deposits and use it against british management for patriotic activities.
d) None of These
Q281. On _______Punjab & Sind Bank was among six bank that the Government
of India nationalized in the second wave of nationalizations:
a) 15 April, 1980
b) 16 April, 1980
c) 17 April, 1980
d) None of These
Q282. First time, 14 banks were nationalized on:

a) 19 July, 1969
b) 20 July, 1969
c) 21 July, 1969
d) None of These
Q283. In the ______Punjab & Sind Bank established branch in London:

a) 1970s
b) 1980s
c) 1960s
d) None of These
Q284. In 1991 ________bank acquired Punjab & Sind Bank's London branch at
the behest of the Reserve Bank of India following Punjab & Sind's involvement in
the Sethia fraud in 1987:
a) Bank of Baroda

b) IDBI
c) SBI
d) None of These
Q285. ______is a Regional Rural Bank sponsored by Punjab & Sind Bank:
a) Punjab Gramin Bank
b) Malwa Bank
c) Sutlej Gramin Bank
d) None of These
Q286. The slogan of Punjab & Sind bank is:

a) Blending Modernity with Tradition
b) Honors Your Trust
c) Where service is a way of Life
d) None of These
Q287. Chairman and Managing Director of Punjab and Sind Bank is:
a) Mukesh Kumar Jain
b) Jatinder Bir Singh
c) Usha Ananthasubramanian
d) None of These
Q288. Mission statement of bank is:

a) To provide excellent customer service through innovative products and services for different
segments of customers using state of the art technology.
b) To dedicate ourselves wholeheartedly for "Sarva Jana Hitai Sarva Jana Sukhai"
c) Both of Above
d) None of These
Q289. Since ____Punjab & Sind bank has shown growth of over 40% year on year,
and its recent IPO was oversubscribed by more than 50 times:

a) 2004
b) 2005
c) 2006
d) None of These
BANK OF BARODA
Q290. Bank of Baroda was founded by Maharaja Sayajirao Gaekwad on:

a) 21 July, 1908
b) 20 July, 1908
c) 19 July, 1908
d) None of These
Q291. Bank of Baroda (BoB) founded on 20 July, 1908 under the _______:
a) Companies Act of 1897
b) Companies Act of 1898
c) Companies Act of 1899
d) None of These
Q292. Bank of Baroda started with a paid up capital of:

a) Rs. 10 Lakh
b) Rs. 5 Lakh
c) Rs. 20 Lakh
d) None of These
Q293. Headquarter of BoB is located at:

a) New Delhi
b) Gandhi Nagar
c) Vadodara (Baroda)
d) None of These
Q294. Which among the following countries BoB has its branches:
a) Uganda
b) United Arab Emirates
c) Fiji Islands
d) United Kingdom
e) United States of America
f) China
g) All of the Above
h) None of These

Q295. Bank of Baroda was nationalized along with 13 other major commercial
banks of India on:
a) 20 July, 1969
b) 19 July, 1969
c) 18 July, 1969
d) None of These
Q296. On the basis of 2014 data, Bank of Baroda is ranked _____on Forbes Global
2000 List:
a) 701
b) 801
c) 901
d) None of These
Q297. Bank of Baroda has a network of ______branches in India and abroad:

a) More Than 5500
b) More Than 5100
c) More Than 5300
d) None of These
Q298. In 1961, BoB merged in:

a) New Citizen Bank of India
b) New India Aspiration Bank
c) Heritage Bank of India
d) None of These
Q299. Slogan of Bank of Baroda is:

a) Prosperity for all
c) Together we prosper
d) None of These
Q300. Chairman of Bank of Baroda is:

a) U. P Singh
b) Ravi Venkatesan
c) Kumar Subramaniam
d) None of These

Q301. Which among the following is incorrect about BoB's domestic associates:
a) Baroda Uttar Pradesh Gramin Bank
b) Baroda Rajasthan Gramin Bank
c) Baroda Gujarat Gramin Bank
d) Baroda Lakshadip Gramin Bank
Q302. The Bank of Baroda has decided to revise interest rates payable on Domestic
and NRE term deposits below Rs. 1 crore & above in:
a) 2014
b) 2015
c) 2012
d) None of These
Q303. The founder of Bank of Baroda, Maharaja Sayajirao Gaekwad belongs to:
a) Maratha Kingdom
b) Sikh Kingdom
c) Rajput Kingdom
d) None of These
Q304. Which among the following was the Bank of Baroda's first domestic
acquisition:
a) New Citizen Bank of India
b) Hind Bank
c) Bank of Rajput
d) None of These
ICICI BANK SPECIAL
Q305. ICICI stands for:

a) Indian Credit and Investment Corporation of India
b) Investment Corporation In Credit
c) Industrial Credit Investment Corporation of India
d) None of These
Q306. Headquarter of ICICI Bank is located at:

a) Mumbai
b) Hyderabad
c) Mysore
d) None of These

Q307. ICICI bank was originally promoted in ____ by ICICI Limited an Indian
financial institution, and was its wholly owned subsidiary:
a) 1994
b) 1995
c) 1997
d) None of These
Q308. ICICI was formed in ______:

a) 1955
b) 1956
c) 1957
d) None of These
Q309. ICICI was formed in 1955 at the initiative of:

a) World Bank
b) The Government of India
c) Representatives of Indian Industry
d) All of the Above
e) None of These
Q310. The principal objective was to create a development financial institution for
providing ______project financing to Indian businesses:
a) Medium Term
b) Long Term
c) Medium Term and Long Term
d) None of These
Q311. CEO of ICICI bank is:

a) Arundhati Bhattacharya
b) Chanda Kochhar
c) Indira Nuyi
d) None of These
Q312. ICICI became the first ever Indian borrower to raise European Currency
Units in ___:
a) 1984
b) 1982
c) 1986
d) None of These

Q313. ICICI bank became the first commercial bank from India to list its stock on
_____in 2000:
a) New York Stock Exchange (NYSE)
b) London Stock Exchange (LSE)
c) Shanghai Stock Exchange (SSE)
d) None of These
Q314. In 2000 ICICI bank announces merger with:

a) Bank of Begnal
b) Bank of Madura
c) Bank of Jaipur
d) None of These
Q315. ICICI bank launched internet banking operations in:

a) 1998
b) 1999
c) 2000
d) None of These
Q316. In _______, the Bank of Rajasthan (BOR) was acquired by the ICICI bank:
a) 2010
b) 2011
c) 2012
d) None of These
Q317. ICICI Bank on January, 2015 announced the launch of the India's first
_____debit and credit cards, enabling its customers to make electronic payments
by just waving the cards near the merchant terminal in lieu of dipping or swiping
them:
a) Pinless
b) Codeless
c) Contactless
d) None of These
Q318. ICIC Bank currently (as on July - August 2015) has a network of
_____branches and ______ATM's across India:
a) 4,050 branches and 12, 890 ATM's
b) 5,050 branches and 13, 890 ATM's

c) 2,050 branches and 11, 890 ATM's

d) None of These
Q319. ICICI Bank and ________Metro Rail Corporation Limited on April 2015
announced the launch of the ICICI Bank Unifare _____Metro Card:
a) Bangalore
b) Kolkata
c) New Delhi
d) None of These
PUNJAB NATIONAL BANK SPECIAL
Q320. Punjab National Bank was actually born on ______:

a) May 21, 1894
b) May 20, 1894
c) May 19, 1894
d) None of These
Q321. The 'PNB' open its doors to the general public on:
a) 12 April, 1895
b) 14 April, 1895
c) 16 April, 1895
d) None of These
Q322. _______was the first to open an account with the bank which was housed
in the building opposite the Arya Samaj Mandir in Anarkali in Lahore:
a) Sardar Dayal Singh Majithia
b) Lala Prabhu Dayal
c) Lala Lajpat Rai
d) None of These
Q323. On _______, the (PNB) bank officials decided to leave Lahore:

a) March 31, 1947
b) April 30, 1947
c) July 31, 1947
d) None of These

Q324. On March 31, 1947 the bank officials decided to leave Lahore and transfer
the registered office of the PNB to _______and permission for transfer was
obtained from the Lahore High Court on June 20, 1947:
a) Delhi
b) Kolkata www.BankExamsToday.com
c) Pathankot
d) None of These
Q325. Which among the following personalities open their accounts with PNB:
a) Jawahar Lal Nehru, Indira Gandhi
b) Gobind Ballabh Pant, Lal Bahadur Shastri
c) Rafi Ahmed Kidwai
d) All of the above
e) None of these
Q326. Slogan of Punjab National Bank is:

a) A friend you can bank upon
b) The Name You Can Bank Upon
c) You can always bank on us
d) None of These
Q327. Founder of the PNB was:

a) Prabhu Lal
b) Hardyal Singh
c) Lala Lajpat Rai
d) None of These
Q328. Headquarter of PNB is located at:

a) New Delhi
b) Patiala
c) Bhatinda
d) None of These

Q329. In which of the following institutions, Usha Ananthasubramanian provide

her services:
a) Bank of Baroda & Punjab National Bank
b) Bhartiya Mahila Bank
c) LIC
d) All of the Above
e) None of These

a) Core Banking Solution
b) Code Banking Solution
c) Central Banking Solution
d) None of These
Q331. ______bank won the "Pradhan Mantri Jan Dhan Yojana Award of
Excellence 2015" given by Federation of Industry Trade and Services:
c) ICICI Bank
d) None of These
Q332. The Government of India nationalized PNB and 13 other major commercial
banks on:
a) 19 July, 1970
b) 19 July, 1971
c) 19 July, 1969
d) None of These
Q333. In 1986, the Reserve Bank of India required PNB to transfer its London
branch to _____bank after the branch was involved in a fraud scandal:
b) Allahabad Bank
c) Axis Bank
d) None of These

Q334. PNB won which among the following awards:

a) Banking Frontiers : Inspiring Work Place given by Frontiers Magazines
b) IBA Banking Technology Awards 2014 - 15 (Training and Human Resources) (PSU) Second
Runners up given by Indian Bank's Association
c) Both of Above
d) None of These
United Bank of India Special
Q335. United Bank of India is one of the _____major banks which were
nationalized on July 19, 1969:
a) 14
b) 13
c) 15
Q336. United Bank of India Limited was formed in _____:

a) 1950
b) 1947
c) 1951
Q337. United Bank of India Limited was formed in 1950 with the amalgamation of:
a) Comilla Banking Corporation Limited (1914)
b) Begal Central Bank Limited (1918)
c) Comilla Union Bank Limited (1922)
d) Hooghly Bank Limited (1932)
e) All of The Above
(Establishment years are indicated in brackets of respective banks)
Q338. Presently United Bank of India is having a ______tier organizational set

up:
a) 5
b) 3

c) 4
Q339. Which among the following is correct about Three Tier organizational set
up: www.BankExamsToday.com
a) Corporate Office, 36 Regional Office and the Branches
b) Head Office, Corporate Office and the Branches
c) Head Office, 35 Regional Offices and the Branches
d) All of The Above
Q340. After nationalization of the Bank, The Bank expanded its branch network in
a big way and actively participated in the developmental activities, particularly in
the:
a) Both Rural as well as Urban Areas
b) Only Rural Areas
c) Rural and Semi - Urban Areas
Q341. 'United Bank of India' is designated as Lead Bank in several districts and at
present it is the Lead Bank in 30 districts in the states of:
a) West Bengal, Meghalaya, Nagaland and Arunachal Pradesh
b) West Bengal, Assam, Manipur and Tripura
c) West Bengal, Jharkhand, Bihar and Uttar Pradesh
Q342. United Bank of India played a significant role in the spread of banking
services in different parts of the country, more particularly in:
a) Eastern and North Eastern India
b) Eastern and Western India
c) Easter and Southern India
Q343. UBI is also known as the _______:

a) Tea Bank
b) Coffee Bank
c) Candy Bank
Q344. United Bank of India is also known as the 'Tea Bank' because:
a) of its age - old association with the financing of tea gardens
b) It has been the largest lender to the tea industry
c) It provide land areas for tea plantation
d) All of The Above
e) Only (a) and (b)
Q345. The Slogan of 'United Bank of India' is:

a) Your perfect financial banking partner
c) The Bank that Begins with "U"
Q346. MD and CEO of 'United Bank of India' is:

a) Jatinder Bir Singh
b) P. Srinivas
c) Sindhu Shree Khullar
Q347. Headquarter of United Bank of India is located at:

a) New Delhi
b) Kolkata, West Bengal
c) Manipal, Karnataka
d) Thrissur, Kerala
Q348. "United Bank of India" get National Award under Prime Minister
Employment Guarantee Program in north east zone from the Ministry of MSME,
Government of India in the year ____:
a) 2007

b) 2008
c) 2009
a) The Bank has three full fledged Overseas Branches
b) Fully equipped dealing room and SWIFT terminal consist branches in Kolkata, New Delhi
and Mumbai
c) The Bank has ATMs all over the country and customers can use United International Debit
Card at all VISA ATMs across the globe.
d) All of The Above
Vijaya Bank Special
Q350. Vijaya Bank was founded on____:

a) 23rd October, 1932
b) 23rd October, 1931
c) 23rd October, 1933
Vijaya Bank was founded by Late Shri A.B. Shetty and other farmers in Mangalore, Karnataka
to promote banking habit, thrift and entrepreneurship among the farming community in
Karnataka State.
Q351. Vijaya Bank became a scheduled bank in:

a) 1960
b) 1958
c) 1959
Q352. How many smaller banks merged with Vijaya Bank during the 1963 - 68:
a) 8
b) 9
c) 10

The credit of the Nine banks mergers goes to Shri M. Sunder Ram Shetty, who was the Chief
Executive of the bank on that time.
Q353. Vijaya Bank was nationalized on:

a) 15th April, 1980
b) 19th July, 1969
c) 21 August, 1981
Q354. Which among the following is correct about Vijaya Bank as on 20th August,
2015:
a) 1701 Branches
b) 49 Extension Counters
c) 1528 ATMs
d) All of The Above
Vijaya Bank has its network over 28 states and 4 union territories in India. The Bank has the
highest number of branches in its home state Karnataka.
Q355. The driving force behind Vijaya Bank's every initiative has been its
______strong dedicated workforce:
a) 13,000 +
b) 14,000+
c) 15,000+
Q356. Vijaya Bank has a _____tier organizational structure:

a) 4
b) 3
c) 5
Three Tier Organizational Structure includes Head Office, Regional Office and Branches

Q357. The bank's _____regional offices exercise immediate supervision and

control over the branches under their jurisdiction:
a) 30
b) 40
c) 50
Q358. The Slogan of Vijaya Bank is:

a) The Name You Can Bank Upon
b) A Friend You Can Bank Upon
c) You Can Always Bank on Us
Q359. Managing Director and CEO of Vijaya Bank is:
a) Kishore Kumar Sansi

b) Rajeev Kumar
c) Animesh Chauhan
Q360. Headquarter of 'Vijaya Bank' is located at:

a) Bengaluru, Karantaka
b) Mangalore, Karnataka
c) New Delhi
Q361. Vijaya Bank has chosen Finacle from _____as its centralized banking
solution:
a) Infosys
b) TCS
c) ITC Infotech
Q362. _____handled bank's IT department:

a) Microland

b) Hexaware
c) Wipro
Q363. Does Vijaya Bank has taken membership of VISA International and Master
Card International:
a) Yes
b) No
Q364. Vijaya Bank is a _____sized Public Sector Bank with presence across India:
a) Medium Sized
b) Large Sized
c) Small Sized
ICICI BANK SPECIAL

Q365. ICICI was formed in _______:
a) 1950
b) 1955
c) 1965
Q366. ICICI was formed in 1955 at the initiative of the:

a) World Bank
b) The Government of India
c) Representatives of Indian Industry
d) All of The Above
Q367. The principal objective to form ICICI was:

a) To create a development financial institution
b) To create a financial institution for providing medium term and long term project financing
c) Create financial institution for providing medium term and long term project financing to
Indian businesses
d) All of The Above

Q368. ICICI Bank was originally promoted in ______by ICICI Limited:

a) 1994
c) 1996
Q369. ICICI acquired _________in 2001:

a) Bank of Pune
b) Bank of Madura
c) Bank of Varanasi
Q370. In _____, ICICI become the first Indian company and the first bank or
financial institution from Non- Japan Asia to be listed on the NYSE:
a) 1999
b) 2000
c) 2001
Q371. In October _____, the Board of Directors of ICICI and ICICI Bank approved
the merger of ICICI and two of its wholly - owned retail finance subsidiaries with
ICICI bank:
a) 2001
b) 2002
c) 2003
Q372. Linked with above question, Name of that subsidiaries were:

a) ICICI Home Services Limited and ICICI Standard Services Limited
b) ICICI Ease Finance Services Limited and ICICI Focus Capital Services Limited
c) ICICI Personal Financial Services Limited and ICICI Capital Services Limited

Q373. Registered Office of ICICI Bank is located at:

a) Vadodara, Gujarat
b) Gurgaon, Haryana
c) Hyderabad, Andhra Pradesh
Q374. Corporate Office of ICICI Bank is situated at:

a) New Delhi
b) Mumbai, Maharashtra
c) Manglore, Karnataka
Q375. Slogan of ICICI Bank is:

a) A Long Tradition of Trust
c) Prosperity For All
d) Hum Hai Na, Khyal Aap Ka
Q376. Which among the following schemes was launched by ICICI:

a) Creative Masters 2015
b) Saral Rural Housing Loan
c) Smart Vault
d) All of The Above
Q377. Chairman of ICICI Bank is:

a) M.K. Sharma
b) Arvind Panagria
c) Chanda Kochhar
Q378. ______ranked first in "Fortune's List of Most Powerful Women' in Asia

Pacific:

a) Usha Ananthasubramanian
b) Chanda Kochhar
c) Arundhati Bhattacharya
Q379. _______won the "Best Foreign Exchange Bank" at Finance Asia 2015
Country Banking Achievement Awards:
a) ICICI Bank
Credit/Debit Cards (Part 2)
Q380. Which card is known as 'Check Card':

a) Debit Card
b) Credit Card

a) EFTPOS - Online Debit or PIN debit
b) Offline Debit - Signature Debit
c) Electronic Purse Card System - Electronic Debit Dealings
d) All of The Above
Q382. Some debit cards accepted only within a particular country or region. Which
among the following pairs is correct:
a) Maestro and Solo Card - United Kingdom
b) Interac - Canada
c) Carte Bleue - France
d) EC electronic cash - Germany
e) All of The Above

Now many cards creating its market over the world
Q383. "UnionPay" debit card is concerned with which among the following
country:
a) Pakistan www.BankExamsToday.com
b) China
c) Nepal
Q384. "EFTPOS" cards are linked with which among the following countries:
a) Australia and New Zealand
b) Monacco and Norway
c) Qatar and Kuwait
Q385. PIN stands for:

a) Portable Identification Number
b) Permanent Identification Number
c) Personal Identification Number
Q386. Is there any restriction on withdrawal from debit cards per day:
a) Yes
b) No
Q387. Prepaid Debit cards are also called:

a) Reloadable Debit Cards
b) Loadable Debit Cards
c) Relational Debit Cards
Q388. The primary market for prepaid cards are_____people:

a) Banked People
b) Unbanked People


Q389. The prepaid bank card is also called:

a) Convenience Gift Card
b) Bank Gift Card
c) Suitable Gift Card
Q390. "RuPay" debit card is similar to:

a) Singapore's NETS
b) China's UnionPay
Q391. POS stands for:

a) Point of Service
b) Point of Sale
c) Point of Satisfaction
Q392. ______also provides a unified "Kisan Card" issued by banks across the
country under Kisan Credit Card, enabling farmers to transact business on ATMs
and POS terminals:
a) Maestro Card
b) RuPay Card
c) Forex Card
Q393. Which among the following benefits is associated with RuPay:

a) International transactions lead to higher transactions costs. Such costs can be reduced by
using RuPay card since processing will be done within the country. Also transactions will be
faster
b) Users will get alerts for every transaction made through RuPay Card
c) Processing Fees for RuPay card compared with regular debit/credit cards will be considerably
lower

d) All of The Above

Q394. Now RuPay card get international acceptance:

a) Yes www.BankExamsToday.com
b) No
Canara Bank Special
Q395. Canara Bank was founded by:

a) Lala Lajpat Rai
b) Ammembai Subba Rao Pai
c) Hardyal Khurana
Q396. Canara Bank was founded on:

a) December, 1906
b) August, 1906
c) July, 1906
Q397. Shri Ammembai Subba Rao Pai founded Canara Bank at ______:
a) Patiala
b) Mangalore
c) Kolkata
d) Delhi
Q398. Canara Bank was nationalized on:

a) November, 1980
b) August, 1970
c) July, 1969

Q399. Canara Bank with an unbroken record of profits since its inception it has
several first to its credit which includes:
a) Launching of Inter - City ATM Network
b) Obtaining ISO Certification for a Branch
c) Commissioning of Exclusive Mahila Baking Branch
d) Launching of Exclusive subsidiary for IT consultancy
e) All of The Above
Q400. Which among the following is correct about the initiative taken by Canara
Bank:
a) Issuing Credit Card for Farmers
b) Providing Agriculture Consultancy Services
Q401. As at June 2015, Canara Bank has further expanded its domestic presence
with ____branches spread across all geographical segments:
a) 5708
b) 6708
c) 9708
Q402. The Canara Bank has ____ATMs covering ____centers:

a) 9039 and 4081
b) 1039 and 5081
c) 5409 and 6081
Q403. Chairman of Canara Bank is:

a) S.V Khullar
b) T.N. Manoharan
c) Animesh Tyagi

Q404. MD and CEO of Canara Bank is:

a) Rakesh Sharma
b) Pradyuman Rawat
c) Singh Harpreet
Q405. "Golden Peacock Business Excellence Award 2015" by the Institute of
Directors India given to:
a) PNB
b) Punjab and Sind Bank
c) Canara Bank
Q406. Headquarter of Canara Bank is situated at:

a) New Delhi
b) Bangalore, Karnataka
c) Mangalore, Karnataka
Q407. Slogan of Canara Bank is:

a) Together We Prosper
b) A Long Tradition of Trust
c) It's easy to change for those who love you, Together We Can
Q408. MSME Banking Excellence Awards 2014 organized by Chamber of Indian

Micro, Small and Medium Enterprises (CIMSME) at New Delhi award given to:
a) Canara Bank
Q409. Canara Bank opened its _____overseas branch in New York on 10 June,
2014:
a) 9th
b) 7th

c) 2nd
MIXED TOPICS
Q410. "Rupiya" in our country was introduced by:
a) Akbar
b) Prithvi Raj Chouhan
c) Chandra Gupt Moryaa
d) Sher Shah Suri
e) None of These
Q411. The bank which refinance the loans given to poor and weaker sections to
construct or buy houses is:
a) SIDBI
b) SBI
c) NHB
d) None of These
Q412. Reserve Bank of India was set up on the recommendations of which of the
following commission/committee:
a) D R Mehta Commission
b) Basel Committee
c) Royal Commission on Indian Currency and Finance
d) None of These
Q413. The designer of Indian Rupee Sign is:

a) Hitendra Swami
b) Udaya Kumar Dharmalingam
c) Panduranga Kumarlingam
d) None of These
Q414. Number of different denomination notes issued by RBI :-

a) 10
b) 9

c) 11
d) None of These
Q415. SME standds for:

a) Small and Medium Enterprises
b) Selling and Marketing Establishment
c) Sales and Marketing Entity
d) None of These
Q416. Slogan of Bank of Baroda is:

a) The Bank You can Name upon
c) India's Multinational Bank
d) None of These
Q417. CEPI stands for:

a) Council of Environmental Pollution of India
b) Center for Environmental Pollution In India
c) Comprehensive Environmental Pollution Index
d) None of These
Q418. The securitization and Reconstruction of Financial Assets and Enforcement

of Securities Interest Act (SARFAESI) meant recovery of loans which have become
NPA is not applicable to:
a) Financial Institutes of Government
b) Non - Banking Financial Companies
c) Small & Cooperative Banks
d) None of These
Q419. CRYPTO-CURRENCY is:

a) Currency of A Country
b) Digital Medium of Exchange
c) Plastic Money

d) None of These
Q420. FATF stands for:

a) Financial Access to Farmers
b) Funding and Trading Federation
c) Financial Action Task Force
d) None of These
Q421. INDIA become the member of FATF in:

a) 2009
b) 2010
c) 2014
d) None of These
Q422. "Microcredit" refers to:

a) Installments given by farmers against loans
b) Small credit given to poor
c) Credit given by government to improve industrialization
d) None of These
Q423. Which year was declared as the 'International Year of Microcredit' by

United Nations:
a) 2005
b) 2004
c) 2011
d) None of These
Q424. Financial Inclusion is:

a) Delivery of banking services at an affordable cost to weaker sections
b) Delivery of financial services at an affordable cost to weaker sections
c) Social responsibility of banking and government system
d) All of Above
e) None of These

Q425. CGC stands for:

a) Credit Guarantee Center
b) Consumable Goods Commission
c) Credit Guarantee Corporation
d) None of These
Q426. DICGC stands for:

a) Department Intelligence in Credit Guarantee Corporation
b) Deposit Insurance and Credit Guarantee Corporation
c) Depository Insurance and Consumable Goods Commission
d) None of These
Q427. Excess of Supply over Demand denotes:

a) Buyers Market
b) Sellers Market
c) Both of Above
d) None of These
Q428. Regulator of Capital Market is:

a) SEBI
b) RBI
c) World Bank
d) None of These
Q429. NREGA was renamed with the name of:

a) Indira Gandhi
b) Rajiv Gandhi
c) Mahatma Gandhi
d) None of These
Q430. Which of the following is incorrect:

a) WTO - Geneva
b) IMF - Washington D.C.
c) World Bank - Washington D.C.
d) None of These
Q431. Drafts of Five years plans are approved by:
a) Planning Commission
b) National Development Council
c) National Planning Council
d) None of These
Q432. National Stock Exchange is located in:

a) Mumbai
b) Delhi
c) Kolkata
d) None of These
Q433. The market in which long term securities such as stocks and bonds are
bought and sold is commonly known as:
a) Bullion Market
b) Capital Market
c) Bull Market
d) None of These
Q434. When Aggregate supply is less than aggregate demand is then:

a) Deflation Occurs
b) Inflation Occurs
c) Stability Occurs
d) None of These
Q435. First Bank in India to launch EMI facility on debit cards:

a) SBI
b) Axis Bank

c) ICICI Bank
d) None of these
Q436. FMC stands for:

a) Forward Markets Commission
b) Financial Market Commission
c) Foreign Market Control
d) None of These
Q437. In MICR cheque, first six numbers indicates:

a) Branch Code and Location
b) City Location
c) Cheque Number
d) None of These
Q438. Assignment refers to:

a) Transfer of Interest from one party to another
b) Every Financially Transfer Transaction
c) Transfer of a loan from one party to another
d) None of These
Q439. Sugam scheme was launched for:

a) Big Corporate Houses
b) Small Tax Payers
c) Pensioners getting old age pension
d) None of These
Q440. The regulator of whole banking in India is:

a) Banking Planning Council
b) Banking Control Unit
c) RBI
d) None of These

Q441.' National Rural Employment Program' was formerly known as:

a) Do work and get Food
b) Employment for Food
c) Food For Work
d) None of These
Q442. Where neither exports nor imports takes place is known as:
a) Closed Economy
b) Depressed Economy
c) Silent Economy
d) None of These
Q443. R. Gandhi is Deputy Governor of RBI and also a part of board member of:
a) MNREGA
b) Axis Bank
c) SEBI
d) None of These
Q444. Conversion of Physical form of share into electronic form is called:

a) E - Share
b) DEMAT
c) Online Share Cards
d) None of These
Q445. U.K. Sinha is present chairman of:

a) RBI
b) SEBI
c) National Development Council
d) None of These
Q446. Who among the following is famous banker and is Padam Bhushan
Awardee:
a) Indira Nuyee

b) Chanda Kochhar
c) Arundhati Bhatacharya
d) None of These
Q447. The Central Office of the Reserve Bank was initially established in ______:
a) Indore www.BankExamsToday.com
b) Delhi
c) Calcutta
d) None of These
Q448. 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) None of These
Q449. The Central Office of the Reserve Bank of India is now located at:
a) Mumbai
b) Hyderabad
c) New Delhi
d) None of These
Q450. The Central Office of the Reserve Bank was permanently moved to Mumbai
in _____:
a) 1934
b) 1937
c) 1935
d) None of These
Q451. Which among the following is correct about The Central Office of RBI:
a) Where Governor Sits
b) Where only Policies are formulated
c) Both of Above

d) None of These
Q452. The Foreign Exchange Reserves of India are kept in the custody of:
d) None of These
Q453. "Bank of Rajasthan" merged with which bank"

b) ICICI Bank
c) Axis Bank
d) None of These
Q454. Which bank opened a Lockless branch at Maharashtra to respecting the

local customs:
b) UCO Bank
c) Bank of Maharashtra
d) None of These
Q455. BFS stands for:

a) Bureau of Financial Supervision
b) Board for Financial Supervision
c) Bi-Lateral Financial System
d) None of These
Q456. Which among the following is the oldest Public Sector Bank of India?
c) Allahabad Bank
d) Bank of Baroda

Q457. Name the 5 cities where RBI issued plastic notes ?

a) Kochi,Patna,Delhi,Ahmadabad and Chennai
b) Jaipur,Shimla,Delhi,Patna and Mimbai
c)Mumbai,Shimla,Jaipur,Patna and Chennai
d) Jaipur,Shimla,Kochi,Mysore and Mumbai
e) Kochi,Mysore,Jaipur,Bhubhaneswar and Shimla
Q458. Which country issued first purely plastic note ?

a) New Zealand.
b) Mexico,
c) Singapore,
d) Fiji and Canada
e) Australia
Q459. India's first non-bank owned ATM (White Label ATMs) open in ?
a) Delhi
b) Bihar
c) Uttar-Pradesh
d) Maharashtra
e) Gujarat
Q460. India s largest commercial Bank is : ?

a) Bank of Baroda
c) ICICI
d) Punjab National Bank
e) Central Bank of India
Q461. Which of the following leaders maintained their accounts in PNB:

a) Mahatma Gandhi
b) Jawahar Lal Nehru
c) Lal Bahadur Shastri
d) Indira Gandhi
e) All of The Above
f) None of These

Q462. A service charge on your bank statement will result in:

a) Interest Deduction from your account
b) A Lower Balance
c) Fixed Charges incurred
d) None of These
Q463. Obtaining cash from an ATM is similar to:
a) Writing a Cheque
b) Open any Account
c) Any banking transaction
d) None of These
Q464. A _______is used to add funds to bank account:

a) Cheque
b) Pass Book
c) Deposit Slip
d) None of These
Q465. A ______ endorsement includes the words "FOR DEPOSIT ONLY":

a) Restrictive
b) Predictive
c) Conductive
d) None of These
Q466. A _______offers loans to people starting their own business"

a) Bank
b) Credit Union
c) Pawnshop
d) None of These
Q467. Opening a checking account requires completing a _______:

a) Signature Card
b) Address Form
c) Specific Mentioned Identity

d) None of These
Q468. As we know RBI was comes into existence in 1 April, 1935 but became the
central banking authority in:
a) 1965 www.BankExamsToday.com
b) 1966
c) 1961
d) None of These
Q469. Banking companies act passed in:

a) 1950
b) 1949
c) 1943
d) None of These
Q470. 14 Major banks were nationalized in:

a) 1970
b) 1969
c) 1968
d) None of These
Q471. 7 More banks were nationalized in:

a) 1980
b) 1981
c) 1983
d) None of These
Q472. E - Banking covers both Computer banking and _______:

a) Merchant Banking
b) Telephone Banking
c) Standard Banking
d) None of These

Q473. Which of the following features fit for E - Banking:

a) Providing Ease in banking operations
b) Stress on branch less banking
c) Time Saving
d) All of Above
e) None of These
Q474. ICICI Bank kicked of online banking in:

a) 1998
b) 1997
c) 1996
d) None of These
Q475. The Banking Ombudsman Scheme, 2006 enables resolution of _______:

a) Complaints of bank customers relating to certain services rendered by banks.
b) Complaints of bank branches relating to certain services rendered to customers
c) Complaints of NRI only
d) None of These
Q476. Banking OMBUDSMAN scheme has come into force from:

a) January 15, 2006
b) January 1, 2006
c) January 26, 2006
d) None of These
Q477. The Banking Ombudsman is person appointed by the ________to redress

customer complaints against certain deficiency in banking services:
a) Indian Banking Personnel Selection
c) Securities and Exchange Board of India
d) None of These
Q478. Banking Ombudsman is a ________:

a) Collateral Judicial Authority
b) Bi - Lateral Judicial Authority

c) Quasi Judicial Authority

d) None of These
Q479. Banking Ombudsman has power to summon _______:

a) Bank Only www.BankExamsToday.com
b) Customer Only
c) Both of Above
d) None of These
Q480. The Banking Ombudsman Scheme was first introduced in _____:

a) 1995
b) 1996
c) 1998
d) None of These
Q481. As we know, the banking ombudsman scheme was first introduced in 1995
and was revised in ___:
a) 2004
b) 2002
c) 2003
d) None of These
Q482. Which of the following is wrong about term cheque:

a) A cheque must be signed by the person (Drawer) issuing the cheque.
b) A cheque must have the name of the recipient (Payee) of the cheque.
c) A cheque must mention the amount of money in words and figures.
d) A cheque must be dated.
e) A cheque must be drawn upon a specified bank (Drawee).
f) None of These

Q483. If cheque is issued by a bank in the same city as the payee, the cheque will be
called:
a) Outstation Cheque
b) Local Cheque
c) At par Cheque
d) None of These www.BankExamsToday.com
Q484. If a given city's local cheque is presented elsewhere it becomes
________cheque and may attract some nominal but fixed banking charges:
a) Local
b) Outstation
c) Both of Above
d) None of These
Q485. Which of following is incorrect about 'At Par Cheque':

a) It is a cheque which is accepted at par at all its branches across the country.
b) Unlike local cheque it can be present across the country without attracting additional banking
charges
c) Both of Above
d) None of These
Q486. Cheque below the amount of Rs. 1,00,000 are called_____:

a) Gift Cheque
b) Normal Value Cheque
c) Below Volume Cheque
d) None of These
Q487. The cheque, amount of which is higher than Rs. 1,00,000 is a:

a) Gift Cheque
b) High Value Cheque
c) Normal Value Cheque
d) None of These

Q488. Which of the following is incorrect about 'Gift Cheque':

a) Cheque used for gifting money to loved ones are gift cheques.
b) The value may vary from Rs. 100 to Rs. 10,000
c) Both of Above
d) None of These
Q489. Which of the following is correct about the crossed cheque:
a) Crossed cheque cannot en-cash at the counter of the bank by holder.
b) The payment of cross cheque is only credited to the bank account of the payee.
c) Crossed cheque is done by drawing two parallel lines across top left corner of the cheque.
d) With or without writing 'Account Payee' in the space between the lines
e) All of the Above
f) None of These
Q490. _____cheque can be alternated by using an ATM card:

a) Open Cheque
b) Self Cheque
c) Ordered Cheque
d) None of These
Q491. CTS stands for:

a) Cheque Transfer System
b) Cheque Truncation System
c) Cheque Truncation Standards
d) None of These
Q492. CHI stands for:

a) Cheque House Interface
b) Clearing House Interface
c) Commercial House Interface
d) None of These
Q493. In order to facilitate faster collection of outstanding cheques, the Reserve

Bank of India commenced a special clearing facility called ______:
a) Speed Clearing
b) High Clearing

c) Standard Clearing
d) None of These
Q494. Which of following is correct about 'VIDYA LAKSHMI PORTAL':

a) The aim of scheme is to provide educational loans through recognized banks
b) Government Scholarships are also provided under a single Window
c) Both of Above
d) None of These
Q495. AIBOA stands for:

a) All India Banking Operations Association
b) All India Bank Officers Association
c) All India Banks of Association
d) None of These
Q496. NSDL stands for:

a) National Securities Depository Limited
b) National Savings and Depository Limited
c) Non - Saving Depositories Limited
d) None of These
Q497. 'You can Always Bank on Us' is the slogan of:

a) State Bank of Mysore
b) State Bank of Hyderabad
c) State Bank of Travancore
d) None of These
Q498. The slogan of 'Yes Bank' is:

a) With Us you are sure
b) Experience Our Expertise
c) Prosperity for All
d) None of These
Q499. Slogan of 'State Bank of Travancore' is:

a) We understand your world


c) A long tradition of trust
d) None of These
Q500. 'Where every individual is committed' is the slogan of:

a) Vijaya Bank www.BankExamsToday.com
b) Oriental Bank of Commerce
c) Indian Overseas Bank
d) None of These
Q501. 'Prosperity for All' is the slogan of:

a) Corporation Bank
c) Federal Bank
d) None of These
Q502. Reserve Bank of India under (RBI Act) ________ is solely responsible for
the issuance of currency notes excluding rupee one note which issued by Finance
Secretary of the Government of India:
a) Section 22
b) Section 24
c) Section 26
d) None of These
Q503. RBI provides ________credit facility to the Government of India and State
Government in order to overcome tight money position between payment and
receipt of the client:
a) 'credit and means'
b) 'ways and means'
c) 'ease and means'
d) None of These
Q504. The period of such 'ways and means' credit is maximum _______days:

a) 60 Days
b) 90 Days
c) 12) Days
d) None of These
Q505. 'ways and means' such power to lend money to government is given under
section_____ of RBI Act, 1934:
a) 17(4)
b) 17(5)
c) 17(10)
d) None of These
Q506. CAC stands for:

a) Cash And Credit Collections
b) Capital Account Convertibility
c) Current Account Convertibility
d) None of These
Q507. ________ is basically associated with change of ownership in foreign

domestic financial assets and liabilities at market determined rate of exchange:
a) Capital Account Convertibility
b) Fuller Capital Account Convertibility
c) Both of Above
d) None of These
Q508. As we knows that IRDA has its headquarter at Hyderabad (Andhra Pradesh)
but till 2001 it operated from____:
a) Kolkata
b) Delhi
c) Trivendram
d) None of These
Q509. ULIP stands for:

a) Universal Linked Insurance Plan

b) Unit Linked Insurance Plan

c) Under Life Insurance Plan
d) None of These
Q510. The first ULIP was launched in India in _____:
a) 1972
b) 1971
c) 1975
d) None of These
Q511. The first ULIP was launched by:

a) IRDA
b) Unit Trust of India (UTI)
c) SEBI
d) None of These
Q512. AMC stands for:

a) Acquired Money Collection
b) Asset Management Company
c) Assets Manufacturing Company
d) None of These
Q513. SWF refers to:

a) Special Wealth Funds
b) Sovereign Wealth Funds
c) Synchronized Wealth Funds
d) None of These
Q514. BIS stands for:

a) Bank for International Services
b) Bank for International Settlements
c) Bank for International Savings
d) None of These

Q515. The first set of Basel Accords are known as:

a) Basel 1
b) Basel A
c) Basel 0
d) None of Thesewww.BankExamsToday.com
Q516. The first set of Basel Accords was issued in:
a) 1988
b) 1985
c) 1989
d) None of These
Q517. Primary focus of Basel I was on:

a) Increase Credit ability of banks
b) Credit Risk
c) Financial help to developing countries
d) None of These
Q518. BCBS stands for:

a) British Corporation for Basel Standards
b) Basel Committee on Banking Supervision
c) Banking Commission for Basel Society
d) None of These
Q519. Basel II was issued in:

a) July, 1999
b) June, 1999
c) September, 1999
d) None of These
Q520. Basel (City) is located in:

a) Switzerland

b) France
c) USA
d) None of These
Q521. RWA stands for:

a) Research Wing Association
b) Risk Wing for Assets
c) Risk Weighted Assets
d) None of These
Q522. Which of the following cheque is not honored by the bank:

a) Self Cheque
b) Stale Cheque
c) Cross Cheque
d) None of These
Q523. A loan to pay for home, business or other real estate over a period of time is:
a) Mortgage
b) Interest
c) Loan
d) None of These
Q524. "MZM" stands for:

a) Monetary Base or Total Currency
b) Money with Zero Maturity
c) Money Zeal with Mature Guarantee
d) None of These
Q525. NIBM stands for:

a) National Institute in Business Management
b) National Institute of Bank Management
c) National Investment Bank Management
d) None of These
Q526. NIBM located at:

a) Nasik

b) Pune
c) Porbandar
d) None of These
Q527. Which nationalized bank earned the maximum net profit during 2001 -
2002:
b) Bank of Baroda
c) Canara Bank
d) Oriental Bank of Commerce
Q528. Who is the ex- officio chairman of 'National Child Labour Abolition
Authority':
a) Prime Minister
b) Industry Minister
c) Social Welfare Minister
d) Labor Minister
Q529. First Indian Train having ISO 9001 certificate runs between ______:
a) Hazrat Nizammuddin - Agra Cantt
b) Hazrat Nizammudin Habeebganj (Bhopal)
c) Delhi - Kolkata - Mumbai - Kota
Q530. "Food for Work Program" was renamed as _______:

a) RLEGP
b) IRDP
c) NREP
d) MNP
Q531. Which sector has the maximum quantum of disguised unemployment in

India:

a) Agriculture
b) Industry
c) Trade
d) Transport
Q532. Which rank India attains in tobacco production in the world:
a) Fourth
b) Fifth
c) Sixth
Q533. Disinvestment Commission in India was firstly established in:

a) August 1992
b) August 1995
c) August 1996
d) May 1997
Q534. Central Revenue Board was divided into 'Central Excise and Custom Duty
Board' and 'Central Direct Taxes Board' in _____:
a) 1950
b) 1958
c) 1963
d) 1975
Q535. Golden Bond Scheme was introduced introduced in the budget proposal of
______:
a) 1991 - 92
b) 1992 - 93
c) 1993 - 94
d) 1994 - 95
Q536. 'Confina' is associated with _____:

a) Canara Bank
b) SBI
c) National Housing Bank
d) Standard Chartered Bank
e) All of The Above
Q537. Consumer Protection Act (COPRA) was implemented in:
a) 1985
b) 1986
c) 1987
d) 1988
Q538. ___committee was associated with established new stock exchange:

a) M.J. Ferwani
b) M. Narsimham
c) S.N. Nadkarni
d) R. Janakiraman
Q539. The Headquarter of SIDBI is located at:

a) Lucknow
b) New Delhi
c) Mumbai
d) Bangalore
Q540. Industrial Reconstruction Bank of India (IRBI) was established in:

a) 1975
b) 1985
c) 1990
d) 1992

Q541. On the recommendation of Kelkar committee, no new RRB was established

since _____:
a) April 1987
b) April 1988
c) April 1990
d) April 1995 www.BankExamsToday.com
Q542. Which one of the following was set up during the Seventh Five Year Plan to
help the low income groups:
a) NABARD
b) Regional Rural Banks
c) National Housing Bank
d) UTI Bank
Q543. What is Gross National Product:

a) The total output of goods and services produced by the country's economy.
b) The total domestic and foreign output claimed by residents of the country.
c) The sum of gross domestic product and investment
Q544. The Mumbai Stock Exchange was set up in:

a) 1875
b) 1922
c) 1900
Q545. India's foreign exchange rate system is:

a) Free Float
b) Managed Float
c) Fixed Target of Band
Q546. An increase in the money supply will cause interest rates to:

a) Rise
b) Fall
c) Remain Unchanged
Q547. Life Insurance Corporation was established in:
a) 1950
b) 1952
c) 1956
Q548. Which among the following country is richest in the world:

a) United State of America
b) Japan
c) Qatar
d) South Korea
Q549. Which among the following is not a component of Human Development

Index:
a) Life - Expectancy in India
b) Literacy Rate and Mean years of schooling
c) Infant Mortality Rate
Q550. Human Development Index was propounded by:

a) Amartya Sen
b) C. Rangarajan
c) Mehboob-ul-Haq
Q551. India's Largest Nationalized Commercial Bank is:

b) ICICI Bank

c) IDBI Bank
Q552. The largest amount of exports from India go to:

a) United Kingdom
b) China
c) United State of America
d) Pakistan
Q553. The Apex Bank for Rural Credit is:

a) Regional Rural Bank
b) NABARD
c) RBI
Q554. Which among the following is wrong:

a) All the currency notes except the Hundred Rupee note is issued by RBI
b) All the Currency notes are issued by RBI
c) Only Notes of Rupee 100 issued by RBI
d) All of the Above
Q555. IDBI is a:
a) Industrial Unit
b) Educational Institution
c) Bank
d) Construction Company
Q556. EXIM Policy (1997-2002) declared on 31st March, 1997 had abolished:
a) QBAL
b) VABAL
c) DEPB

Q557. The first public sector bank in India which obtained license for Internet
Banking from RBI is:
a) Oriental Bank of Commerce
b) ICICI Bank
d) State Bank of India
Q558. Narsimham committee recommended to make banking structure of the

country______:
a) Two Tier
b) Three Tier
c) Four Tier
d) Five Tier
Q559. State Bank of India, Antwerp was opened on the_____:

a) 16 July, 1983
b) 15th July, 1983
c) 17 July, 1983
d) None of These
Q560.SBI was established on:

a) 1 July, 1955
b) 4 July, 1955
c) 1 April, 1955
d) None of These
Q561.Which of the following is not a state bank group subsidiary:

a) State Bank of Travancore
b) State Bank of Saurashtra
c) State Bank of Indore
d) State Bank of Allahabad
d) None of These

Q562.Which among the following complaints not dealt by SEBI:

a) Complaints falling under the purview of the regulatory bodies like RBI, IRDA,
PFEDA, CCI, FMC etc.
b) Complaints regarding Pension Fund
c) Complaints regarding Commodities
d) All of Above
e) None of These
Q563. SCORES stands for:

a) SEBI Complaints Redress System
b) Special Complaints Redress System
c) Sources for Complaints Redress System
d) None of These
Q564. SEBI conducts ______ and _______action in its executive function and it
passes ruling and orders in its judicial capacity:
a) Efficient and Effective
b) Investigation and Enforcement
c) Regulation and Leadership
d) None of These
Q565. The rolling cycle of T + 2 means, Settlement is done in______after trade

date:
a) 2 Days
b) 2 Months
c) 2 Weeks
d) None of These
Q566.The Central Office of the Reserve Bank was permanently moved to Mumbai
in _____:
a) 1934
b) 1937
c) 1935
d) None of These

Q567. Management of RBI consists of (Regarding Governor and Deputy

Governors):
a) 1 Governor + 3 Deputy Governor
b) 1 Governor + 4 Deputy Governors
c) 1 Governor + 5 Deputy Governors
d) None of These
Q568.The BFS's board member are appointed for term of :

a) 2 years
b) 3 years
c) 4 years
d) None of These
Q569. The Deputy Governor in charge of banking regulation and supervision, is

nominated as the ________of the (BFS) board:
a) Head
b) Vice-Chairman
c) President
d) None of These
Q570.When a Bank returns a cheque unpaid, it is called:

a) Dishonor of the Cheque
b) Cheque Bounce
c) Both Dishonor and Bounce of the Cheque
d) None of these
Q571.Mortgage is Security on:

b) Movable Property
c) Both Movable and Immovable Property
d) None of these
Q572. Full form of FINO:

a) Financial Information Network and Operation Limited

b) Finance Information Network Organization

c) Finance in Network Organization
d) None of these
Q573. The reserves which can act as liquidity buffer for commercial banks during
crisis times are:
a) CRR and SLR
b) Only CRR
c) Only SLR
d) None of these
Q574. Money Laundering is:

a) Conversion of money which is illegally obtained
b) Conversion of money which is legally obtained
c) All converted money
d) None of these
Q575. Interest on savings bank account now calculated by the banks on:
a) Daily Product Basis
b) Monthly Product Basis
c) Weekly Basis
d) None of these
Q576.Where are four regional centres of RBI located?

a) Mumbai, Kolkata, Chennai and Delhi.
b) Kolkata, Chennai, Mumbai, Gujrat
c) Gurarat, Mumbai, Kolkata, Delhi
d) None of these
Q577.Who is the CEO of NITI Aayog ?

a) Sindhu Shri Khullar
b) Arvind Panagariya
c) Narendra Modi
d) Arvind Kejriwal
e) None of these

Q578. Which among the following is the oldest Public Sector Bank of India?
c) Allahabad Bank
d) Bank of Baroda
Q579. "Good People to Grow with" is the slogan of:

a) Indian Overseas Bank
b) HDFC
c) Jammu & Kashmir Bank
Q580. Slogan of Punjab & Sindh Bank is:

a) Smart way to Bank
b) Where Service is a way of Life
c) The Changing Face of Prosperity

a) Syndicate Bank - Your Faithful and Friendly Financial Partner
b) UCO Bank - Honors Your Trust
c) United Bank of India - The Bank that begins with U
d) All of The Above
Q582. "A Friend You Can Bank Upon" is the slogan of:
b) Vijaya Bank
c) Yes Bank
Q583. "Your Right Partner" is concerned with which bank:

a) Royal Bank of Scotland
b) Standard Chartered Bank

c) CITI Bank
Q584. Headquarter of IRDA is situated at:

a) Hyderabad
b) Karnataka www.BankExamsToday.com
c) Uttar Pradesh
Q585. Head office of SEBI is located at:

a) Gujarat
b) Mumbai
c) Dispur
Q586. Head office of "Punjab National Bank" is located at:

a) New Delhi
b) Chandigarh
c) Patiala
Q587. Head office of "Axis Bank" is situated at:

a) Bagalore
b) Mumbai
c) Pune
Q588. Headquarters of "Indian Overseas Bank" is located at:

a) Chennai
b) Trivendrampuram
c) Pune
Q589. RBI was established on:

a) 1 April, 1936
b) 1 April, 1935

c) 1 April 1939
Q590. RBI was nationalized in:

a) 1949
c) 1951
Q591. Punjab National Bank was actually formed in:

a) 1894
b) 1892
c) 1896
Q592. Which Indian Bank's logo contains image of "Dog":

a) Vijaya Bank
b) Dena Bank
c) Syndicate Bank
Q593. Lala Lajpat Rai was the founder of which among the following banks:
a) State Bank of Patiala
b) Punjab & Sind Bank
Q594. Which among the following is correct about slogans of different banks:
a) State Bank of Travancore - A Long Tradition of Trust
b) Syndicate Bank - Your Faithful and Friendly Financial Partner
c) UCO Bank - Honours Your Trust
d) All of The Above
Q595. "A Friend You can Bank Upon" is the slogan of:
a) Vijaya Bank

c) Dena Bank
Q596. Headquarter of Vijaya Bank is located at:

a) Mumbai
b) Bangalore www.BankExamsToday.com
c) Hyderabad
Q597. Canara Bank's Headquarter is located at:

a) Bangalore
b) Mumbai
c) New Delhi
Q598. Main Headquarter of 'Bank of Baroda' is located at:

a) Mumbai, Maharashtra
b) Vadodara, Gujarat
c) Mangalore, Karntaka
Q599. 'Chennai' is the headquarter of:

a) Indian Bank
b) Indian Overseas Bank
Q600. 'Kolkata' is the headquarter of :

a) Allahabad Bank
b) UCO Bank
c) United Bank of India
d) All of The Above
Q601. Which among the following banks are related with 'Mumbai' due to
headquarters:

a) Bank of India, Central Bank of India, Dena Bank and HDFC Bank, Axis Bank only
b) ICICI Bank, IDBI Bank,State Bank of India,Union Bank of India and Yes Bank only
c) Punjab National Bank, Punjab & Sind Bank, Oriental Bank of Commerce only
d) Both (a) and (b)
e) Both (b) and (c)
f ) None of The Above
Q602. Which among the following is richest country in the world:

a) United State of America
b) Japan
c) Germany
d) South Korea
e) Qatar
Q603. Mascot Slogan of 'Andhra Bank' contains the image of which among the
following animal/bird:
a) Dog
b) Lion
c) Pigeon
d) Dolphin
Q604. Friendly, Intelligent and Responsive is the mascot slogan of:

a) Andhra Bank
b) Allahabad Bank
c) Syndicate Bank
Q605. Public Sector Banks are:

a) More people visit these banks
b) RBI or Government of India or Both have at least 51% shares in the bank
c) Banks run by government having directors elected by public
Q606. Which bank launched 'Mobicash easy' scheme:


c) Axis Bank
d) ICICI Bank
Q607. Coins in India are minted at:
a) Hyderabad
b) Kolkata
c) Noida
d) Mumbai
e) All of The Above
Q608. All the financial issues of Agriculture are dealt by which among the
following banks:
a) RBI
b) SBI
c) NABARD
Q609. If you buy a financial instrument in one market in order to sell the same
instrument in another market at higher price, it will be called as:
a) Brokerage
b) Arbitrage
c) Forfeiture of Instrument
Q610. AER stands for:

a) Average Earnings Rate
b) Annual Earnings Rate
c) Appropriate Earning Rate
Q611. _______is a machine, activated by a magnetically encoded card or other

medium that can process a variety of banking transactions:
a) MICR

b) Bar Code Reader

c) ATM
Q612. Which among the following is incorrect about Bank Ombudsman:

a) Bank Ombudsman scheme was first introduced in 1995 but start in operations from 2006
b) Bank Ombudsman has the power to solve banking complaints.
c) Bank Ombudsman acts as the one of representative of Reserve Bank of India in order to
implement RBI's rules and regulations
d) All of The Above
Q613. The commission charged by a broker is ______:

a) Brokerage Interest
b) Brokerage Fee
c) Brokerage Profit
Q614. ______is a short term and unsecured promissory notes issued by

corporations with very high credit standings:
a) Commercial Paper
b) Cheque
c) Corporate Bond

a) Code Banking Solutions
b) Core Banking Solutions
c) Central Banking Solutions
Q616. Slogan of Corporation Bank is:

a) Working for a better tomorrow
b) Trusted Family Bank
c) Prosperity For All

Q617. "Blending Modernity with Tradition" is the slogan of:

b) Where Service is a way of life
c) A Long Tradition of Trust
Q618. Head Office of SBI is situated at:

a) Mumbai, Maharashtra
b) Kolkata, West Bengal
c) New Delhi
Q619. Usha Ananthasubramanian is the current chairman and managing director

of:
a) PNB
b) SBI
c) Bhartiya Mahila Bank
Prior to joining the Punjab National Bank, Usha Ananthasubramanian was Chairman &
Managing Director of Bharatiya Mahila Bank. During the period from July 2011 to November
2013, she was the Executive Director of Punjab National Bank. Now at PNB.
Q620. Arundhati Bhattacharya is concerned with:

a) ICICI Bank
c) Corporation Bank
Q621. Head Office of "Oriental Bank of Commerce" is located at:

a) New Delhi
b) Gurgaon, Haryana
c) Gandhi Nagar
Q622. IRDA stands for:

a) Investment Regulatory Development Authority

b) Insurance Regulatory Development Authority

c) Indian Regulatory Development Authority
Q623. IBA stands for:

a) Indian Bank's Association
b) Investment in Bank's Association
c) Initial Bond Assessment

Banking Awareness Questions Bank : v3
1. What is/are the RBI Guideline(s) for the development of Internet Rate Swaps?
(a) Banks can use IRS for hedging and trading both
(b) MIFOR is a benchmark for IRS
(c) Under ISDA agreement Banks can opt for dual Jurisdiction i.e., Indian as well as common law
(d) All of the above
2. Which of the following agencies is associated with the business of Insurance sector as a regulator?
(a) NPCI
(b) IRDA
(c) SEBI
(d) AMFI
3. 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
4. Which of the following terms is not used in banking and Finance?

(a) Capital gain
(b) Plan Finance
(c) Market risk
(d) Apartheid
5. Which of the following Rates/Ratios is not covered under the Monetary and credit Policy of the RBI?
(a) Bank Rate
(b) Repo Rate
(c) Cash Reserve Ratio
(d) Exchange Rate of Foreign Currencies
6. The largest Bank in the world in the matter of number of branch offices is
(a) Banks of America NT & SA
(b) State Bank of India
(c) Barclays Bank
(d) Citi Bank
7. "Hot Money" means

(a) Money earned through illegal transactions
(b) money earned through speculative transaction
(c) money used to hoard scarce commodities
(d) Short-term capital movements from one country to another seeking safety or, less often, higher rate of interest
8. "Free zone" or "free trade zone" denotes

(a) an area where there are no restrictions of any kind on trading activities
(b) an area where there is free from any kind of taxes
(c) an area near a seaport or airport in which goods can be imported duty-free, if they are to be re-exported or used in the
manufacture of goods for export
(d) an area where no license is required for import of goods.
9. Every bank wishing to commence banking business in India is required to obtain a license from
www.BankExamsToday.Com Page 1
(a) Government if India, Ministry of Finance

(b) Government of India, Company Law Board
(c) Reserve Bank of India
(d) Registrar of Companies
10. Financial literacy is a serious issue for RBI because

(a) It would enable better understanding of banking business
(b) With better understanding more and more people would utilise the banking services
(c) It would mean banks can do more business
(d) It would mean the maximum number of people
11. Certificates of Deposit may be issued by

(a) Select all-India Financial Institutions that have been permitted by RBI to raise short-term resource
(b) Local Area Banks (LABs)
(c) Scheduled commercial banks excluding Regional Rural Banks
12. The material difference between debentures and bonds is/are

(a) Debentures are governed by relevant provisions of company law
(b) Debentures are transferrable on registration
(c) Bonds are negotiable instrument governed by law of Contract
13. "Bridge Loan" Denotes

(a) Interim finance by a bank pending disbursement of term loan by financial institutions
(b) Loan granted to Public Works Department for construction of bridge over big rivers
(c) a product aimed at financing construction companies for construction of bridge
(d) Loan granted for building of bridges which has been World Bank
14. Expand BIFR

(a) Board for Industrial and Financial Reconstruction
(b) Bureau for Industrial and Financial Reconstruction
(c) Board for Investment and Financial Reconstruction
(d) Bureau for Investment and Financial Reconstruction
15. In case of Life Insurance policies for whole -life, the insured amount is payable
(a) After a specified period
(b) On the death of the policyholder
(c) On demand by the policyholder
(d) Upon maturity of the policy or death of the policyholder whichever happens earlier
16. SEBI guidelines have prescribed that giving Permanent Account Number ( PAN) is must for
(a) All current A/c
(b) All Housing Loan A/c
(c) All saving Bank A/c
(d) All Demit A/c
17. While taking book debts as a security against banker's advances, an appropriate form of charge is
(a) Mortgage
(b) Pledge
(c) Hypothecation
(d) Assignment
18. An account should be treated as ' out of Order' if

(a) The outstanding balance remains continuously in excess of the sanctioned limit/drawing power
(b) There are no credits continuously for 90 days as on the date of Balance sheet even though the outstanding balance in
the account is less than the sanctioned limit/drawing power
(c) Credit are not enough to cover the interest debited during the same period
19. As per the directives issued by RBI, a cash credit or overdraft account will be treated as Non-performing Asset
if
(a) The account remains 'out of order'
(b) There are no credits in the account in the month in which interest is applied
(c) The debit balance in the account has exceeded the sanctioned limit during the reporting month
(d) Any of the above
20. Which of the following is correct regarding Capital Adequacy ratio?

(a) The objective of Capital adequacy is to strengthen the financial stability of banks.
(b) Capital is divided into two tiers, tier-I and tier-II.
(c) Assets are assigned risk weight from 0-100 based on intensity of risk .
21. Rural Infrastructure Development fund (RIDF) is financed by

(a) Selected group of public Sector Banks
(b) Ministry of Rural Development
(d) NABARD
22. "Ways and Means" advances are provided by Reserve Bank of India only to
(a) Central Government
(b) State Government
(c) Both A and B
(d) None of these
23. 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) Both A and B
24. 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
25. 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
26. 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
27. Which of the following is/are different categories of Inflation?

1. Open and suppressed
2. Cost push
3. Demand pull
A. Only 1
B. Both 1 and 2
C. Both 2 and 3
D. All of these
28. The process of the total valuation of the financial capital assets of a country is technically known as
(a) Market Capitalization
(b) Gross Domestic product
(c) Net wealth of the country
(d) Gross Domestic Resources
29. Very often we read about Special Economic Zones (SEZs) in newspapers. What was the purpose of promoting
SEZs in India?
1. To promote exports.
2. To attract investment from foreign countries
3. To help poorest of the poor’s in India as the activities of these zones are reserved only for poor’s and those living below
poverty line
A. Only 1
B. Only 2
C. Only 3
D. Both A and B only
30. 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) None of these
31. When the common people of a nation start getting very high salary or wages , the consumption of the goods like
eatables and white goods, also start increasing .This situation brings which of the following types of inflation in the
economy?
1. Cost-push inflation
2. Demand pulls inflation
3. Low inflation
A. Only 1 & 3
B. Only 2
C. Only 3
D. All of these
32. Which of the following decisions taken by the RBI will promote the concept of financial inclusion in the country
?
(a) To appoint some additional entities as business correspondents
(b) To collect reasonable service charges from the customer in a transparent manner for providing the services
(c) To ask the banks to open at least 50 new accounts daily in non-serviced areas
(d) Only A & B'
33. Bank Rate means the rate of interest

(a) Charged by commercial banks from borrowers
(b) At which commercial banks discounted bills of their borrowers
(c) Allowed by commercial banks on their deposits
(d) At which RBI purchases or rediscounts bills of exchange of commercial banks
34. Agricultural Term Loan is repaid out of

(a) cash accrual
(b) sale proceeds of crop
(c) net incremental income
(d) annual savings of the farmer
(e) None of these
35. Which of the following is/are true about the “sub-Prime crisis"?
1. It is a Mortgage Crisis referring to credit default by the borrowers.
2. Sub-Prime Borrowers were those borrowers who were rated low and were high-risk borrowers.
3. This crisis originated of negligence in credit rating of the borrowers
a. Only 1
b. Only 2
c. Only 3
d. All of these
36. What is Future Trading?

1. It is nothing but a trade between any two stock exchanges wherein it is decided to purchase the stocks of each other at a
fixed price throughout the year.
2. It is an agreement between two parties to buy and sell an underlying asset in the future at a predetermined price.
3. It is an agreement between a stock exchange that they will not trade the stocks of each other under any circumstances
in future or for a given period of time.
a. only 1
b. Only 2
c. Only 3
d. All of these
37. Which of the following correctly describes the concept of 'Nuclear Bank' floated by International Atomic
Energy Agency?
1. It is nuclear fuel bank to be shared by the entire nation jointly.
2. It is a facility to help nations in enrichment of uranium
3. It is an agency which will keep a close vigil on the nuclear programmer of all the nations
a. Only 1
b. Only 2
c. Both 1 and 3 only
d. Only 3
38. One of the major emphasis of Basel II is that banks should have
(a) Adequate Capital adequacy Ratio
(b) Only a few branches in urban centres
(c) More and more branches in rural areas
(d) Core banking mode of operations
39. 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
(e) None of these
40. The period of twelfth 'Five-year plan' of India is

(a) 2009- 2014
(b) 2008- 2013
(c) 2007 - 2012
(d) 2012 - 2017
(e) 2010 - 2015
41. Interest rate risk is a type of

(a) Credit risk
(b) Market risk
(c) Operational risk
(d) All of the above'
(e) None of these
42. Which bank was earlier called the 'Imperial Bank of India ?
(a) RBI
(b) SBI
(c) UBI
(d) PNB
(e) BOI
43. 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) PNB
44. The Monetary Policy of India is announced by

(a) Prime Minister
(b) Governor of the RBI
(c) Union Finance Minister
(d) Union Commerce Minister
(e) None of these
45. Which of the following rates is NOT decided by the Reserve Bank of India?
(a) Bank rate
(b) Repo rate
(c) Reverse Repo rate
(d) Income Tax rate
(e) None of these
46. Bank rate of RBI is also known as

(a) Interest Rate
(b) Discount rate
(c) Fed Rate
(d) Bid rate
(e) None of the above
47. The limitation of CRR of RBI is

(a) 3 -10%
(b) 3 -15%
(c) 15-38%
(d) 10 -25 %
48. The apex organisation of Indian money market is

(a) SBI
(b) SEBI
(c) RBI
(d) IRDA
49. If the cash reserve is lowered by RBI, what will be its effect on credit creation?
(a) Decrease
(b) Decreased 10%
(c) Increase
(d) No Change
(e) None of These
50. Which of the following banks merged with Punjab National Banks in 1993?
(a) New Bank of India
(b) Central Bank of India
(c) Imperial Bank of India
(d) Common Bank of India
(e) None of these
51. How many language are used on a Ten Rupee note ?

(a) 2
(b) 7
(c) 10
(d) 15
(e) 16
52. The place where bankers meet and settle their mutual claims and accounts is known as
(a) Treasury
(b) Clearing House
(c) Dumping house
(d) Collection center
(e) None of these
53. The largest public sector bank in India is

(a) SBI
(b) PNB
(c) RBI
(d) ICICI
54. The Unit Trust of India came into being in

a. 1960
b. 1961
c. 1962
d. 1963
e. 1964
55. Which of the following is/are an example (s) of financial assets?

a. National Savings Patra
b. Krishi Vikas Patra
c. Indira Vikas Patra
d. Infrastructure Bonds
e. All of the above
56. The capital market is a market which deals in

a. Short - term funds
b. Long- term funds
c. Gilt - edged securities
d. All of the above
e. None of the above
57. Regional Rural Banks (RRBs) fall within the regulatory purview of
a. Reserve Bank of India (RBI)
b. State Bank of India (SBI)
c. Securities and Exchange Board of India (SEBI)
d. Insurance Regulatory and Development Authority (IRDA)
58. Insurance Regulatory and Development Authority (IRDA) with its headquarters at _______ is the regulatory
authority for all insurance companies in India including the Life Insurance Corporation of India.
a. Hyderabad
b. Bengaluru
c. Mumbai
d. Delhi
e. Lucknow
59. Mutual Funds fall within the supervisory purview of

a. Reserve Bank of India (RBI)
b. State Bank of India (SBI)

c. Insurance Regulatory and Development Authority (IRDA)
d. Securities and Exchange Board of India (SEBI)
e. None of these
60. Which of the following does not come under the category of Development Banks?
a. Industrial Development Bank of India
b. Export – Import (Exim) Bank
c. Industrial Investment Bank of India
d. State Finance Corporation
e. Small Industries Development Bank of India
61. Main financial instruments of corporate sector are

(i) Shares
(ii) Debentures
(iii) Public Deposits
(iv) Loan from Institutions
Select the correct answer by using of the following codes
a. i and ii
b. ii and iii
c. iii and iv
d. i,ii and iv
e. All i, ii ,iii and iv
62. Financial institutions

a. mobilize savings
b. promote savings
c. allocate savings among different users
d. All of the above
63. Which of the following is not an example of primary securities?

a. Bills
b. Bonds
c. New currency
d. Book debts
e. Shares
64. Indian Financial System comprises of

a. Scheduled Commercial Banks
b. Non- Banking Financial Institutions
c. Urban Cooperative Banks
d. Unorganised sectors
e. All of the above
65. The Bombay Stock Exchange came into being in

a. 1887
b. 1901
c. 1885
d. 1875
e. 1849
66. The Unit Trust of India come into existence in

a. 1964
b. 1965
c. 1975
d. 1985
e. 1952
67. How many commercial banks were nationalised on 19 July 1969?

a. 13
b. 14
c. 15
d. 18
e. 22
68. How many nationalised banks working in India as on 2013?

a. 19
b. 24
c. 26
d. 28
e. 32
69. New Private Banks are being given licenses since

a. 1991
b. 1992
c. 1993
d. 1995
e. 2001
70. The gilt - edged market refers to the market for

(i) Government securities
(ii) Semi - government securities
(iii) Corporate securities
Select the correct answer
a. only i
b. i and ii
c. ii and iii
d. i,ii and iii
e. only iii
71. First share market in India was established in

a. Delhi
b. Kolkata
c. Mumbai
d. Hyderabad
e. Bengaluru
72. Consider the following statements:

(i) Securities that have an original maturity that is greater than one year traded in capital markets.
(ii) The best-known capital market securities are stocks and bonds
Select the correct answer
a. (i) is true and (ii) is false

b. (i) is false and (ii) is true
c. Both are true
d. Both are false
73. 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
a. (i) is true and (ii) is false
b. (i) is false and (ii) is true
c. Both are true
d. Both are false
74. Which of the following services is introduced recently by the Reserve Bank of India and SEBI in India for the
first time ?
(a) Trading of Currency futures.
(b) The opening of NRI Accounts in Indian Currencies
(c) Foreign Direct Investment through participatory Notes(PNs) by the Foreign Institutional Investors.
A. Only 1
B. Only 2
C. Only 3
D. All of these
75. Which of the following is NOT the part of the organised sector of Indian Money Market?
(a) Mutual Funds
(b) Non-Banking Financial Companies
(c) Unit Trust of India
(d) Chit Funds
76. Which of the following banks has taken over the Centurion Bank of Punjab >
(a) ICICI Bank
(b) IDBI Bank
(c) HDFC Bank
(d) AXIS Bank
77. The rate of interest on Savings Bank Account is stipulated by :

(a) The concerned bank
(b) RBI
(c) Indian Banks Association
(d) Government of India
78. Many times we read a term CBS used in banking operation.What is the full form of the letter 'C' in the term
'CBS' ?
(a) Core
(b) Credit
(c) Continuous
(d) Complete
79. The securities & Exchange Board of India (SEBI) has asked all Falls to divulge the structure of their offshore
entities .What purpose will it serve ?
(a) To identify if there is any flow of funds from some questionable sources
(b)To know how much money Falls are planning to invest in India in 2010-11.
(c) To forecast the possibility of any financial crisis in near future.
a. Only 1
b. Only 2
c. Only 3
d. All of these
80. Many a time we read in the newspapers that RBI has changed or revised a particular ratio/rate by a few basis
points.What is basis point ?
(a) Ten percent of one-hundredth point
(b) One hundredth of 1%
(c) One hundredth of 10%
(d) Ten per cent of 1000
81. Which one of the following is/are implications (s) of the large inflow of foreign exchange into the country ?
(a) It makes monetary management difficult for RBI
(b) It creates money supply, asset bubbles and inflation.
(c) It weakens the competitiveness of Indian exports.
A. Only 1.
B. Only 2.
C. Only 3.
D. All of these
82. Nowadays we frequently read news items about "Derivatives" as used in the world of Finance and money
market, which of the following statements correctly describe(s) a derivative and how it affects money/ finance
market?
(a) Derivatives enable individuals and companies to insure themselves against financial risk.
(b) Derivatives are like fixed deposits in a bank and are the safest way to invest one's idle money lying in a bank.
(c) Derivatives are the financial instruments which were used in India even during the British Raj.
A. Only 3
B. Only 2
C. Only 1
D. All of these
83. IMF and the World Bank were conceived as institutions to

'(a) Strengthening international economic co-operation and to help create a more stable and prosperous global economy
(b) IMF promotes international monetary cooperation
(c) The World Bank promotes long-term economic development and poverty reduction
(d) All of these
84. What is the deadline to connect digitally all post offices in rural areas in the country?
a) January 2018
b) February 2017
c) March 2017
d) April 2018
e) June 2019
85. The National Housing Bank is a subsidiary of
a) RBI
b) NABARD
c) IDBI
d) SEBI
e) None of these
86. What is the full form of “NDTL” ?

a) Net Demand and Term Liability
b) Net Demand and Time Liability
c) New Demand and Term Liability
d) Net Demand and Term Liquidity
e) None of these
87. Treasurybills or T-bills, which are money market instruments, are short-term debt instruments issued by
b) Individual Banks
c) Government of India
d) IRDA
e) Corporate & Financial Institutions
88. What is the correct expansion of the term MUDRA ?

a) Micro Undertakings Development and Refinance Authority
b) Micro Units Development and Refinance Agency
c) Micro Undertakings Development and Restructuring Agency
d) Mini Units Development and Restructuring Authority
e) None of these
89. MICR code is used for

a) Electronic Clearance of Cheques
b) Electronic Funds Transfer
c) Code Banking Solution
d) Cheque Truncation Services
e) None of these
90. In which city of India will The Islamic Development Bank (IDB) open its first branch?
a) Ahmedabad
b) Lucknow
c) Ajmer
d) Raipur
e) None of these
91. With reference to the insurance and banking sector, which of the following is the most appropriate explanation
of „PIN‟?
a) Postal Index Number
b) Personal Index Number
c) Personal Identification Number
d) Personal Information Number
e) Permanent Identification Number
92. The rate at which the central bank of a country lends money to commercial banks in the event of any
shortfall of funds is called
a) Call Rate
b) CRR
c) Bank Rate
d) Repo Rate
e) SLR
93. In a bid to curtail domestic black money flow, the finance ministry has announced that it will be mandatory to
furnish permanent account number (PAN) for all transactions above Rs.________ through all payment modes with
effect from January 1, 2016.
a) Rs. 1 lakh
b) Rs. 2 lakh
c) Rs. 3 lakh
d) Rs. 4 lakh
e) None of these
94. "Once a bearer is always a bearer " means that

(a) Where a cheque is originally expressed to be the bearer to the bearer, the banker is discharged by payment in due
course to the bearer.
(b) Banker can pay the cheque to the bearer irrespective of any endorsement whether in full or in blank appearing thereon,
notwithstanding that any such endorsement purports to restrict or exclude further negotiation
(c) Both A and B
(d) None of the above
95. Banking Ombudsman entertains complaints involving

(a) Delay in collection of cheques
(b) Deficiency in cash transactions
(c) Non-issue of demand drafts
(d) all of the above
96. Banks stipulate interest rate on loss and advances based on

(a) Borrower's experience
(b) Track record
(c) Credit rating
(d) None of these
97. Expand 'VIRUS" in computer parlance.

(a) Variable Integrated Risks under Surveillance
(b) vital Information Resource Under Siege
(c) Very Independent Resource Under Seizure
98. Expand “SHIPI ".

(a) State Bank Heritage Private Institute
(b) SBI Handicapped Standards Board
(c) Self Help Promotion Institution
99. Expand IASB.

(a) International Accounting standards Board
(b) Indian Accounting Standards Boards
(c) Internal Accounting Standards bureau
(d) Indian accounts Standards Board
100. INFINET Stands for

(a) Internal Financial Networking
(b) International Financial Networking
(c) Indian Financial Network
(d) Inland Financial Network
101. The full form of RBS is

(a) Risk Based Supervision
(b) Rating by System
(c) Role Based supervision
(d) Rating Bank security
102. State Bank of India has........ circles.

(a) 9
(b) 12
(c) 14
(d) 16
103. Under hire -purchase system, the buyer becomes the owner of goods immediately after the
(a) delivery of goods
(b) down Payment
(c) signing of the of the agreement
(d) payment of the last instalment
104. Under hire -purchase system, the asset can be got ensured by
(a) Buyer
(b) Seller
(c) Both A and B
(d) None of these
105. National Income of India's estimated by

(a) Central Estimates Survey Committee
(b) National sample Survey Committee
(c) Central Statistical Organization
(d) Finance Ministry
106. The definition of “Customer" is available under

(a) Negotiable Instruments Act, 1881
(b) Consumer Protection Act, 1986
(c) Banking Regulation Act, 1949
(d) KYC Guidelines
107. The Law relating to appropriation of payments is contained in

(a) The Negotiable Instruments Act, 1881
(b) The Banking Regulation Act 1949
(c) The Contract Act, 1872
(d) The Companies Act, 1956
108. Teller System has been introduced in almost all the banks. Its purpose is
(a) to create more jobs

(b) to improve public relations
(c) to slash down the waiting time for encasing cheques
(d) to eliminate duplication of work
109. Which of the following types of companies /organisation issue „ULIP‟?

(a) Insurance Companies
(b) Banks
(c) NABARD
(d) RBI
110. Which of the following is not a term related to banking/finance operations?

(a) Provision Coverage Ratio
(b) Securitization
(c) Consolidation
(d) Commodification
111. "Primary Deficit" refers to

(a) Fiscal Deficit minus Interest Payments
(b) Budget Deficit minus Interest Payments
(c) Monetary Deficit minus Interest Payments
(d) Deficit Financing by 91 -day ad hoc treasury bills
112. Banker may reduce lending risk by

(a) Ensuring that there will be no default on account of lack of willingness to pay on the part of the borrower
(b) Ensuring that there will be no problem of liquidity with the borrower
(c) Obtaining adequate security
(d) all of the above
113. Bankers have to maintain secrecy of customers accounts as per the provisions of
(a) Banking Companies Act, 1970
(b) Negotiable Instruments Act, 1881
(c) Banking Regulation Act, 1949
114. Banking Code & Standards Board of India (BSSBI) has been set up for providing details of banking and to
create awareness of banking. BCSBI has been set up by
(a) SBI
(b) RBI
(c) Ministry of finance
(d) None of these
115. A mortgage involves

(a) transfer of ownership
(b) transfer of possession
(c) transfer of interest
(e) None of these
116. In NRE account, rate of interest is linked to
(a) LIBOR
(b) Bank
(c) PLR
(d) RBI
117. In the money market operations , the item widely accepted is

(a) Inter Bank Participation Certificate
(b) Certificate of Deposits
(c) Treasury Bills
118. To meet a significant increase in demand for bank credit, a bank may
(a) Make use of excess reserves
(b) Borrow from other banks
(c) Borrow from the Reserve Bank of India
119. "White Card” is a

(a) Co-branded credit Card without logo of the issuer
(b) Credit Card wit logo of both issuer and sponsor
(c) Litchi Card issued i Uttaranchal
(d) Card used in football by the referee.
120. Under the Credit Guarantee Trust for Medium & Small Enterprises (CGTMSE), loans and advances to
Educational Institution are
(a) Covered
(b) Not covered
(c) CGTMSE is silent about covering the loans to Educational Institutions
121. When a Bank Guarantee is invoked by the beneficiary either in writing or by telex or telegram, the Bank
issuing the Guarantee will
(a) have to effect payment without delay or demur
(b) have to pay within three working days
(c) pay after being satisfied that the beneficiary suffered loss
122. "Claused Bill of Lading" is the one which indicates

(a) No defects in packaging or condition of goods
(b) defective condition of package and goods
(c) No documents attached to it
123. "Cost Overrun" Means

(a) Remaining constant in Project Cost
(b) Escalation in Project Cost
(c) Decrease in Project Cost
(d) None of the above'
124. "Dark Block" is an area where

(a) literacy rate is below 15 percent
(b) people below the poverty line are more than 90 per cent
(c) underground source of water is not available
(d) more than 85 per cent exploitation has taken place on the available underground water
125. "Hedging" denotes

(a) Protecting against fluctuations/ uncertainty risk in forex markets
(b) Credit risk assessment in respect of advances
(c) Speculative buying/selling of foreign currency
126. "Working Capital Gap " means

(a) Excess of current assets over current liabilities other than bank borrowings
(b) Excess of current assets over current liabilities including WCTL
(c) Excess of current assets over current Liabilities
127. By "Repository” we mean

(a) Balance held in non-currency chest branch
(b) Same as currency chest
(c) a part of Currency Chest
128. Code of Bank's Commitment deals with our commitments in the area of
(a) Sanction of advances
(b) Steps taken against Frauds
(c) Standard Banking practices in customer services
129. Currency Chest is the property of

(a) State Bank of India
(b) Government of India
(d) None of these
130. Which of the following rates decided by the RBI is called "Policy Rate "?
(a) Lending Rate
(b) Cash Reserve Ratio
(c) Bank Rate
(d) Deposit Rate
131. Loan given by the banks to farmers/small shop owners etc. is known as
(a) Corporate loan
(b) Business loan
(c) Priority sector loan
(d) Commercial Loan
132. The Head office of which of the following banks is in Mumbai ?

(a) Punjab National Bank
(b) Bank of Maharashtra
(c) UCO Bank
(d) Union Bank of India
133. Which of the following is NOT a type of cheque issued by an individual?

(a) Bearer cheque
(b) Order cheque
(c) Crossed cheque
(d) Savings cheque
134. What is Financial Inclusion ?

(a) To provide a permanent employment to the unemployment
(b) To provide a 100 days job to all those who are in need of a job
(c) To provide banking services to all living in remote areas
(d) To ensure that all financial transaction amounting Rs. 5,000/- and above are done through banks.
135. Which of the following places in India does not have a stock Exchange?
(a) Kolkata
(b) Ahmedabad
(c) Mumbai
(d) Udaipur
136. Which of the following is the name of private sector Bank in India?
(a) IDBI Bank
(b) Axis Bank
(c) Corporation Bank
(d) UCO Bank
137. In order to avoid crowding of customers wanting to withdraw cash in the branches, banks have provided
many delivery channels. Which of the following is one of the most popular Channels of getting instant hard cash?
(a) Core Banking Solution
(b) Pay orders
(c) Demand Drafts
(d) Automated Teller Machines.
138. Current accounts can be freely opened by

(a) All NRIs
(b) All businessmen
(c) Government department
(d) HUFs
139. SIPs are an investment option also operated in the mode of

(a) Mutual Funds
(b) Small Savings Schemes in Post Officers
(c) National Pension Fund
(d) National Saving Certificates
140. Who amongst the following has suggested to the banks in India to give details of fund transfer to customers
via SMS/ E-mails?
(a) Reserve Bank of India (RBI)
(b) India Bank's Association
(c) Indian Institute of Banking & Finance
(d) Securities & Exchange Board of India.
141. Which of the following products launched by most of the banks help farmers in getting instant credit for
various agricultural purpose ?
(a) Kisaan Credit Card
(b) Personal Loan
(c) Business Loan
(d) None of these
142. Which of the following policies of the financial sectors is basically designed to transfer local financial assets
into foreign financial asset freely at market determined exchange rates?
(a) Capital Accounts Convertibility
(b) Financial Deficit Management
(c) Minimum Support Price
(d) None of these
143. Which of the following products of a bank is specifically designed to provide financial help to children in their
higher studies in India or in a foreign nation?
(a) Personal Loan
(b) Corporate Loan
(c) Educational Loan
(d) Mortgage Loan
144. Term Deposits Receipt is

(a) transferable by endorsement and delivery
(b) transferable by assignment
(c) cannot be transferred
(d) not negotiable
(e) None of these
145. The re-endorsement of unpaid bills of exchange in favour of the remitting bank or the accommodate to whom
they are returned must be followed by the words
(a) In case of need please refer to
(b) Without resource to us
(c) Payable at the State Bank of India
146. The purpose of providing depreciation on the bank's property is

(a) To reduce the profit of the bank
(b) to make usual allowances for annual wear and tear
(c) to enable the bank to recover this amount from the Reserve Bank of India
(d) to Strengthen the financial position of the bank
147. Bank Rate is
(A) a rate of interest charged by the commercial banks from the borrowers for advances against Government Securities
(b) the lowest rate of interest charged by the commercial banks from the borrowers
(c) the rate at which the Reserve Bank of India would rediscount bills of exchange or other eligible commercial papers,
or advance against eligible securities to the scheduled banks
(d) the rate at which commercial banks discount bill of exchange for their customers.
148. In case of a Hindu Undivided Family, when Karta dies leaving overdraft account
(a) old account is closed and a new account opened
(b) Fresh HUF letter is obtained

(c) all the co-partners will operate on the account
149. In the Balance Sheet of a bank, contingent liabilities are shown

(a) on the liabilities side of the Balance Sheet
(b) by way of a deduction from the assets
(c) by way of a footnote
(d) in the Schedule on the assets side of Balance Sheet
150. When a cheque with forged drawer's signature is paid by the bank , the paying banker is
(a) protected if the cheque is paid in good faith and without negligence
(b) protected if the forgery could not have been detected with the exercise of reasonable care and prudence
(c) not entitled to debit the drawer's account with the amount of the cheque
(d) liable to the drawer only if there has been no contributory negligence on the part of the drawer
151. In the matter of handling bills of exchange for collection, the relationship between customer and the bank is :
(a) trustee and the beneficiary
(b) Principal and agent
(c) bailor and bailee
152. A Scheduled bank is the one which

(a) conforms to the requirement of schedule III of the Banking Regulation Act, 1949
(b) has been declared as a scheduled bank by the Government of India
(c) has deposits exceeding Rs . 10 Crore
(d) has its name added to the second scheduled of the Reserve Bank of India Act, 1934
153. When a cheque duly signed by the drawer, with particulars written in a hand –writing different
from that of the drawer id presented for payment
(a) the bank will refuse payment of the cheque as there is a distinct possibility of the cheque signed in blank having been
stolen from the drawer and hence, the branch is put on enquiry.
(b) the bank will make the payment provided the cheque is otherwise in order
(c) the bank will make payment only to the authorised representative of the drawer
154. The concept of "Narrow Banking" was recommended by

(a) Khan Committee
(b) Nayak Committee
(c) Sodhani Committee
(d) Tarapore & Narasimham Committee
(e) None of these
155. The level of activity at which total revenue cost equals total sale value or when there is a "no profit" or "no
loss" situation, it is known as
(a) Break Even Point
(b) Operating Profit
(c) Gross Profit
(d) Net Profit
(e) None of these
157. Examination of the document before making payments is the prime responsibilities of
(a) seller bank in the seller’s country

(b) buyers bank in the seller’s country
(c) negotiating bank
158. Standby Letter of Credit is a substitute of

(a) Letter of Credit
(b) Guarantee
(c) Advise note
(d) None of these
159. “ e-stamping “ denotes

(a) replacement of the traditional system of affixing postal stamps in postal services
(b) doing away with the need of banks to brand stamps on negotiable instruments manually
(c) sending message through e-mail, where no stamping is necessary
(d) replacing stamp duty required for payment of registration of properties and documents
160. “Disguised unemployment” denotes

(a) a situation where workers are disguised
(b) a situation where too many workers are doing a limited amount of work.
(c) a situation where workers are doing a limited amount of work
161. Expand “FINO”.

(a) Fiscal Information Network Organization
(b) Financial Initiative for Network Operations
(c) Financial Information Network operation ltd
(d)None of the above
162. Expand “ LIBOR”.

(a) London Inter-bank Offered Rate
(b) Legal Indian Borrowal Rate
(c) FEDAI Approved rates
(d) ID rate for PCFC
163. Expand “ NEFT”.

(a) National Emergency Fund for Traders
(b) National Electronic fund Transfer
(c) National Emergency Fund Transfer
(d) National Electronic Financial Trust
164. Expand P.I.O” in relation to Right to Information, 2005.

(a) Public Information Officer
(b) Principal Information Officer
(c) Press Information Officer
(d) None of these
165. Foreign Trade Policy is framed by

(a) RBI
(b) EXIM Bank
(c) DGFT
(d) Ministry of Commerce
166. The “bank rate “ is

(a) free to fluctuate according to the forces of demand and supply
(b) set by the Reserve Bank of India
(c) set by the Reserve Bank of India as directed as directed by the Union Ministry of Finance
(d) Set by the Reserve Bank of India as directed as directed by the Indian Banks’ Association
167. The term “exchange arbitrage “ is the

(a) arbitration of exchange disputes
(b) simultaneous buying selling of foreign exchange to make a profit because interest rates vary in different countries
(c) simultaneous purchase of a currency in one market and its sale in another market wit a view to 23ealize profit
(d) buying of foreign currency to 23ealize a future profit when it appreciates
168. The law regarding negotiable instruments is contained in

(a) The Bill of Exchange Act, 1881
(b) The Banking Regulation Act, 1949
(c) The Cheques Act, 1881
(d) The Negotiable Instruments Act, 1881
169. “Black Revolution “ is associated with

(a) Tea plantation
(b) Coffee Plantation
(c) Rubber Plantation
(d) Printing Ink
170. “Channel Financing” means:

(a) Financing of supply-delivery chain, i.e. dealer of identified large corporate entities financed by banks
(b) Laying of agriculture canals
(c) Financing through NBFCs
171. “form 61‟ is associated with

(a) persons not in receipt to taxable income
(b) persons with agricultural income
(c) Both A and B
172. Which one of the following is not correctly matched?

(a) Rural Credit : NABARD
(b) Industrial : SIDBI
© Rural Poverty : SJSRY
(d) Disguised : Subsistence unemployment agriculture
173. “Red Clause “ Letter of Credit is

(a) when opening bank advises the advising bank to give advance to the exporter
(b) when advising bank informs the opening bank about credit given to exporter
(c) all the clauses are printed in red
174. A bank normally does not have to deal with an issue related to
(a) Payments and settlement system

(b) constractual rights of creditors
(c) intellectual property right
(d) cases of insolvency
175. Treasury bills are sold in India by

a. Reserve Bank of India
b. State Governments
c. Commercial Banks
d. SEBI
176. Yuan is the currency of

a. Japan
b. China
c. Korea
d. Indonesia
177. Which institution acts as reinsurer?

a. New India Insurance
b. Life Insurance Company
c. General Insurance Company
d. United India Insurance
178. “Blue Card” denotes

a. a credit card
b. a bebit card
c. a proposition by EU to attract highly qualified professionals from other countries
d. None of the above
179. The Headquarter of Asian Development Bank (ADB) is at

a. Singapore
b. Manila
c. Hong Kong
d. Tokyo
180. Liquid assets means

a. Cash only
b. Cash and debtors
c. Cash and Debtors (except bad debts)
d. Cash and Debtors (except bad debts) and Marketable Securities
181. For the developing countries of Asia, the international agency which provides soft loans is
a. International Monetary Fund
b. Asian Development Bank
c. International Development Association
d. World Bank
182. No license from RBI is required for

a. opening a new bank branch in India
b. opening a new bank branch outside India
c. shifting an existing branch outside the city, village or town

d. shifting an existing branch within the same city, village or town
183. Commercial banks are unique among financial institutions because they
a. advance loans to business
b. provide insurance to depositors
c. create demand deposits
d. hold saving deposits
184. Financial Year in banks is a period from

a. January to December
b. May to June
c. April to March
d. January to April
185. “Pure Banking Nothing Else” is a slogan raised by

a. ICICI Bank
b. HDFC Bank
c. SBI
d. UTI Bank
186. What are the main objectives of Consumer Protection Act, 1986?
(a) To provide better protection of the interest of consumers
(b) Settlement of consumer disputes
(c) To deal with other connected matters
(e) None of these
187. Pledge means:

a. advance against goods
b. open working capital limits
c. bailment to goods as security for payment of a debt or performance of a promise
188. SAARC was established on

a. December 8,1983
b. January 1, 1984
c. December 8,1985
d. January 1, 1985
189. NABARD was established on the recommendation of the:

a. Public Accounts Committee
b. Shivaraman Committee
c. Narsimhan Committee
d. All of hte above
190. The Infrastructure Development Bank of India has its Headquarter in

a. New Delhi
b. Mumbai
c. Bangalore (Bengluru)
d. Kolkata
191. The guarantor of a customer's account has the right to

a. inspect of a customer's account has the right
b. be provided with the statement of the account
c. be informed only about the extent of his liability
d. be provided with all the information about the way the account is conducted
192. The term "Balance of Trade" means

a. A point where the values of imports and exports are equal
b. The term is used with reference to bilateral trade agreements with the countries of CIS Block
c. the difference between the cost of the imports and exports of a country
d. the difference between the total of transactions with foreign countries in trade, services and capital
193. The term "bank money" is used to denote

a. loans and advances granted by the commercial banks
b. demand deposits used as money, i.e., deposits withdrawable by cheques
c. loans granted by the Reserve Bank of India to the commercial banks
d. money provided by the Reserve Bank of India to the Government
194. "Multi - Currency basket" means

a. a number of international currencies to which the value of SDRs is linked
b. selected international currencies to which the value of Asian Monetary Unit is linked
c. number of major international currencies to which the external value of the Indian rupree is linked
d. the name given to a group of West European currencies
195. The term "hyper - inflation" is used to denote

a. a situation with a moderate rise in price livel
b. an inflationary situation where the external forces are the primary contributing factors
c. a "runway" or "galloping" inflationary situation where the monetary unit becomes almost worthless
d. a situation where the cost of living index is rising alarmingly
196. "Funded debt" means

a. all Government securities which are marketable on the stock exchange market
b. all Government debt which is not marketable on the stock exchange market
c. Government borrowings guaranteed by the Government
d. Institutional borrowings guaranteed by the Government
197. "Free port" denotes

a. a port where there are no restrictions on incoming and outgoing vessels
b. a port where no licence is required for import of goods
c. a port which allows entry to goods without payment of import duty
d. a port which allows free entry to goods which are to be re-exported
198. "Free trade area" denotes

a. a group of countries which have decided to impose no duties of any kind on their imports
b. a group of countries which have decided to impose no duties of any kind on imports from other members of the group
c. an area where there are no restrictions of any kind on the trading activities
d. an area where trade is free from kind of taxes
199. "Floating debt" denotes

a. Government securities with no definite rate of redemption, but which may be redeemed any time at the discretion of the
Government
b. that part of the public debt which consists of short- term borrowings by the Government
c. Government securities which continue changing hands
d. Government securities whose date of maturity falls within next five years
200. "Treasury bills" means

a. salary bills drawn by Government officials on the treasury
b. bills drawn by the Government contractors and other supplies on the treasury for the dues owed to them by the
Government
c. obligations of the Government of India issued by the Reserve Bank of India and payable normally ninety-one days after
issue
d. a node of drawings by the Treasury Officer on the Reserve Bank of India
201. "Token money" means

a. coins where the value of metal in them is equal to the value attached to them by law
b. coins where the value of metal in them is less then the value attached to them by law
c. coins where the value of metal in them is more than the value of metal attached to them by law
d. money represented by the tokens of specified values issued by the Reserve Bank of India
202. "Bulls and Bears" term is used in

a. bullion markets
b. vegetable markets
c. stock exchange
d. commodity markets
203. The definition of the priority sector was first formalised in 1972 by
a. Planning Commission
b. National Development Council
c. Reserve Bank of India
d. Ministry of Finance, Government of India
204. Liquidity ratio is fixed by the Reserve Bank of India under the powers conferred on it by
a. Reserve Bank of India Act, 1934
b. Companies Act, 1956
c. Banking Regulation Act, 1949
d. Special Powers given by the Union Ministry of Finance
205. Dalal Street is in

a. Kolkata - famous for jute market
b. Mumbai - famous for stock exchange market
c. Delhi -famous for Kabari (Waste goods) market
d. Bangalore - famous for race course
206. When was the Imperial Bank of India nationalized?

a. 1948
b. 1950
c. 1955
d. 1969
207. Most banks are offering teaser rates on home loans. What does it mean?
a. The rates keep fluctuating during the period of loan with high uncertainty
b. The initial rate is offered at a rate lower than the prevailing market rate for a few months and then gradually keeps
increasing
c. The initial rate is higher than the current market rate with offer of lower rates at a later date
d. Home loan borrowers of shorter duration are given preferential rate
208. There are many security features which are regularly being explained and stressed to check against forged
currency notes. One of them is Intaglio printing. What is it?
a. It is specialized printing of Rs.1,000 and Rs. 500 denomination currency notes.
b. It is raised printing on the currency notes of RBI seal, Ashoka Pillar emblem etc.
c. It is printing on special printing press of RBI
d. It is printing through special inks of the security features on curency etc.
209. What is 'NIKKEI'?

a. Share Price Index of Tokyo share market
b. Name of Japanese Central Bank
c. Japanese name of the country's Planing Commission
d. Foreign Exchange market of Japan
210. NABARD was established on the recommendation of

a. Public Accounts Committee
b. Shivaraman Committee
c. Narasimham Committee
d. Khandelwal Committee
211. What do we mean by Green Shoe Option?

a. It is the shoe which is green in colour
b. It is type of carbon credit rights that the nation has to purchase to get the right to emit carbon
c. It gives the underwriter the right to sell investors more shares than originally planned
d. The global warming of the earth
212. "Micro Credits" are loans

a. granted to distressed persons (other than farmers) to pre-pay their debt to non- institutional lenders against appropriate
collateral provided by banks
b. not exceeding Rs.50,000 per borrower provided by banks
c. both A and B
d. none of the above
213. Who was the Finance Minister when 14 Banks were nationalised on 19th July, 1969?
a. Mrs. Indira Gandhi
b. Morarji Desai
c. C. Subramaniam
d. Pranab Mukherjee
214. Counter guarantee means a guarantee obtained by

a. banks from customers on whose behalf the banks have to issue guarantees in favour of third parties, such as
Government department, Public bodies, Corporations etc,
b. banks from ECGC covering export risk
c. banks from the beneficiary of the guarantee in whose favour the guarantee is to be issued
d. All of the above
215. By "Technical NPA", it means

a. a loan account becoming NPA for non-renewal
b. a loan account becoming NPA for not obtaining stock statements
c. non-recording the due after re-phasing/restructuring of a loan account
d. All of the above
216. Cash Reserve Ratio (CRR) is maintained in the form of

a. Investment in Money Market
b. Government Securities
c. Balance with RBI
d. All of the above
217. Computer system failure is classified in the risk category of

a. Credit Risk
b. Operational Risk
c. Technology Risk
d. Security Risk
218. Credit facility sanctioned for purchasing, processing and packing of goods meant for export is known as
a. packing credit
b. bridge finance
c. forfaiting
d. None of these
219. How is Base Rate calculated?

a. a host of factors, like cost of deposits, administrative costs, profitability of a bank in the previous financial year are
taken into account
b. certain parameters with stipulated weights are considered while calculating a lender's Base Rate
c. cost of deposit has the highest weight in calculating Base Rate
d. All of the above
220. A commercial bank is prohibited from issuing a bank draft payable to bearer by the provisions contained in
a. The Negotiable Instruments Act, 1881
b. The Reserve Bank of India Act, 1934
c. The Companies Act, 1956
d. The Banking Regulation Act, 1979
221. Which of the following organisations/ agencies controls the monetary policy of our country?
a. SEBI
b. Planning Commission
c. RBI
d. Union Ministry of Finance
222. Negative lien is

a. a right of the bank to take possession of all the assets hypothecated to the bank in the case of default by the borrower
b. a special type of lien on the shares of public limited companies
c. a declaration of the borrower to the effect that his assets are free from encumbrance and that he shall not encumber or
dispose them of without bank's permission
223. What is securitisation?

a. A process which converts conventional credit into tradable Treasure Assets
b. Credit receivable of the Bank can be converted into Bonds, i.e. pass through certificates
c. These certificate can be traded in the market
d. All of the above
224. Busy Season Credit Policy refers to the period

a. February - August
b. June - December
c. March - September
d. October -March
225. Consumer Protection Act, 1986 does not cover

a. failure to open accounts
b. failure to issue drafts
c. sanction of loans
d. ATMs
226. Currency Chest Slip is serially numbered at the beginning of each year from
a. January to December
b. March to April
c. April to march
d. July to June
227. Difference between buying and selling rates of a currency is known as

a. Forward Rate
b. Bid-ask Rate
c. Spot Rate
d. None of these
228. EEFC account can be opened in the form of

a. Current Account, SB Account and TDR
b. Current Account and SB Account
c. Current Account only
229. Government securities are issued for a maximum period of

a. 10 years
b. 15 years
c. 25 years
d. 30 years
230. The Securities and Exchange Board of India (SEBI), a statutory autonomous body, aims to:
a. promote a fair and healthy securities market
b. protect investor's rights
c. prevent malpractices in a mobilisation of resources through capital
d. all of the above
231. The creation of over the counter exchange of India (OTC) would help the introduction of a multi-tiered
market for
a. Exports
b. Securities
c. Small Scale Industries
d. Housing
232. Truncation of cheque means

a. The cheque in the paper form will be retained by the collecting banker and he will submit only a computerised
statement to the Clearing House
b. Entire clearing operations would be done only through computers
c. Cheque will be scanned and the electronic image, instead of physical cheque, will be transmitted in the clearing cycle
d. Debiting the drawer's account through internet banking
233. What is a convertible Bond?

a. It is a mix of Debt and Equity
b. Bond holder has an option to convert debt into equity on a fixed date
c. The conversion price is predetermined
d. All of the above
234. What are External commercial Borrowings?

a. Indian companies can borrow on global market through Bank loan or issue of debt paper
b. The debt can be repaid by reconversion of rupee funds into foreign currency
c. A and B both
235. What is Gilts?

a. Securities issued by government or Treasuries
b. They do not have any credit Risk
c. A and B both
236. SGL Account is

a. Subsidiary General Ledger
b. It is maintained by public Debt Office of RBI
c. Banks maintain exclusively GOvernment Securities Accounts
d. All of the above
237. Know Your Customer (KYC) guidelines are as per the provisions of
a. Section 35 of Negotiable Instruments Act, 1881
b. Section 35A of Banking Regulation Act, 1949
c. Section 35A of RBI Act, 1934
d. IBA guidelines
238. Maximum period for which a commercial paper can be issued is

a. 3 months
b. 6 months
c. 1 year
d. 2 years
239. Out of the "non-customer facing activities" given below, which of the following has been moved out of the
branch to the maximum extent?
a. Issue of demand drafts
b. Processing of loans
c. Clearing of cheques
d. Opening of Savings Accordingly, the three
240. What does "Round Tripping" in Foreign Direct Investment (FDI) relate to?
a. Using FDI funds inside the country
b. Using FDI funds outside the country
c. Domestic funds used outside the country
241. What does Collateral Security mean?

a. Securities in the form of goods pledged for Cash Credits
b. Securities given to banks for loans against approved securities
c. Securities in the form of shares blue chip companies
d. Security given to banks over and above the primary security
242. When trading takes place among members of a stock Exchange as create false volumes and rigging the prices
of shares, it is known as
a. Spot Trading
b. Future Trading
c. Circular Trading
d. Insider Trading
243. When two parties make an arrangement to exchange future cash flows, it is called
a. Options
b. Arbitrage
c. Swap
d. Futures
244. Exporters in India get insurance cover and risk cover from which of the following organizations?
(a) SIDBI
(b) NABARD
(c) ECGC
(d) RBI
245 . The govt. of India does not provide and direct financial assistance to which of the following schemes?
(a) Mahatma Gandhi National Rural Employment Guarantee scheme.
(b) Rural Health mission
(c) India Aawas Yojana
(d) Jeevan sathi Yojana
246. Which of the following terms is used in banking and finance?

(a) Abiotic
(b) Demand Deposit
(c) Fat scales
(d) A diabetic
247. Names of which of the following rates/ratios cannot be seen in financial newspapers?
(a) Bank rate
(b) Repo Rate
(c) Cash Reserve Ratio
(d) Pulse Ratio
248. Who amongst the following can take benefit of the Social Security Fund established by the Govt. of India for
unorganized workers?
(a) Primary school teacher
(b) Employee of Sugar Factory
(c) Taxtile Mazdoor
(d) Rickshaw Puller
249. Who amongst the following was never a Governor of the RBI ?
(a) Bimal Jalan
(b) Y.V. Reddy
(c) Arup Roy Choudhary
(d) D. Subbarao
250. Which of the following in NOT the name of a bank having branches in India?
(a) State Bank of India
(b) Naively Lignite Corporation
(c) Barclays
(d) HSBC
251. Which of the following services are not provided by a Bank?

(a) Issuing Bank Drafts
(b) Deposting Money
(c) Sale of post cards and postal stamps
(d) Lockers for valueable items/ documents
252. The loan given by a bank to a person to purchase house is called

(a) Project
(b) Business Loan
(c) Credit Loan
(d) Top up Loan
253. Which of the following is an example of cashless purchase?

(a) ATM withdrawal
(b) Credit Card
(c) Debit Card
1. Only 1
2. Only 2
3. Only 1 and 2
4. All of these
254. Which of the following programmes has the Govt. of India launched to develop comprehensive rural
infrastructure in the country?
(a) Bharat Nirman
(b) Indira Aawas Yojana
(c) Watershed Development Programme
(d) None of these
255. The name of which of the following great leaders is now associated with National Rural Employment
Guarantee Scheme?
(a) Indira Gandhi

(b)Mahatma Gandhi
(c) Jawaharlal Nehru
(d) None of these
256. Which of the following is NOT the name of a multinational bank?

(a) BNP Paribas
(b) British Bank of Middle East
(c) Standard Chartered Bank
(d) Cathay Pacific
257. Which of the following terms is NOT associated with banking operations?
(a) Repo Rate
(b) Prime Lending rate
(c) Equator
(d) Corporate Finance
258. Which of the following schemes was launched to promote exports of agricultural produce and their value
added products in India?
(a) Vishesh Krishi and Gram Udyog Yojana
(b) Financial Inclusion Scheme
(c) Rastriya Krishi Vikash Yojana
(d) None of these
259. As per the instructions given by the RBI, now all banks are required to provide which of the following in all its
branches mandatorily?
(a) Note Sorting Machines
(b) Special Counters for senior Citizens
(c) Service sector
(d) All of these
260. Which of the following terms is NOT used in the field of Banking & Finance?
(a) Overdraft
(b) Base Line
(c) RTGS
(d) GBC
261. Which of the following apex body and regulators has asked banks to swap customer related information so
that the frauds and defaults may be prevented in future?
(a) Bombay Stock Exchange (BSE)
(b) Indian Bank's Association (IBA)
(c) Securities & Exchange Board of India (SEBI)
(d) Reserve Bank of India (RBI)
262. Who amongst the following is the author of the book (released recently) "India and Global Financial Crisis :
Managing Money and Finance"?
(a) Dr. Bimal Jalan
(b) Dr. C. Rangarajan
(c) Dr. Manmohan Singh
(d) Dr. Y.V. Reddy
263.The Reserve Bank of India does not print currency notes of the denomination of
'(a) 20/-
(b) 50/-
(c) 3,000/-
(d) 1,000/-
264. Which of the following is considered as the financial capital of India?

(a) New Delhi
(b) kolkata
(c) Ahmedabad
(d) None of these
265. "Micro Credit" means

(a) Loans of small amounts to people in unorganized sector
(b) Loans to self Help Groups
(c) Loan amounting rs. 50 lakhs t rs 5 crores to Medium and Small Industries Units
1. Only (1)
2. Only (2)
3. Only (1) and (2)
4. None of these
266. The RBI has given its permission for cash withdrawal at "POS terminals." What is the full form of "POS"?
(a) Permitted on Sale
(b) Potential of Service
(c) Point of Sale
(d) Permission of Sale
267. "The Doing Business Report" is prepared by which of the following organization every year?
(a) Asian Development Bank
(b) World Bank'
(c) International Monetary Fund
(d)World Trade Organisation
268. "Yen" is the currency of

(a) China
(b) south Korea
(c) North Korea
(d) None of these
269. A new Foreign Bank Sarasin & Co. has launched its operations in India recently.
This is a bank based in:
(a) USA
(b) Switzerland
(c) France
(d) None of these
270. The Head of the Reserve Bank of India is designated as the

(a) Chief Executive Officer
(b) Managing Director
(c) Chief Banking Officer
(d) None of these
271. Whenever RBI does not open Market operation Transaction, actually it wishes to regulate which of the
following?
(a) Inflation only
(b) Liquidity in economy
(c) Borrowing powers of the banks
(d) Fow of Foreign Direct Investment
272. In economics, it is generally believed that the main objective of a Public Sector Financial Company like Bank
is to
(a) Employ more and more people
(b) Maximize total profits
(c) Maximize total productions
(d) Provide financial service to the people of the nation of its origin across the country
273. In a Company, the use of price sensitive corporate information by the Company people to make gains or cover
losses is known as
(a) insider trading
(b) future trading
(c) foreign trading
(d) stock trading
274. Which of the following cannot be called as a debt Instrument as referred in financial transactions?
(a) Certificate of Deposits
(b) Bonds
(c) stocks
(d) Commercial Papers
275. Which of the following Committees has given its recommendations on “Financial Inclusion"?
(a) Rakesh Mohan Committee
(b) Rangarajan Committee
(c) sinha Committee
(d) None of these
276. In Bullion Market

(a) Gold is purchased and sold
(b) Books are purchased and sold
(c) Animals are purchased and sold
(e) None of these
277. Non-Banking assets include

(a) Property seized by the bank
(b) Auction sale of the customer's property
(c) Band Building
(d) Both A and B
(e) None of these
278. Micro credit started from
(a) USA
(b) India
(c) Bangladesh
(d) Japan
(e) None of these
279. The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form
(a) Imperial Bank of India
(c) Bank of India
(d) Union Bank of India
(e) None of these
280. Production and consumption takes place at about the same time. This is a characteristic of
(a) Manufacturing sector
(b) Agriculture sector
(c) Service sector
(e) None of these
281. The tertiary sector of economy is called

(a) Manufacturing Industry
(b) Service Industry
(c) Agro and Fishing Industry
(e) None of these
282. FDR is
(a) Fix Date Rate
(b) Fixed Deposit Receipt
(c) Full Date Rate
(e) None of these
283. NBA stands for

(a) Net Banking Assets
(b) Net Book Act
(c) National Banking Act
(d) National Banking Association
(e) None of these
284. Which among the following are called final accounts of a Bank?
(a) Trading Accounts, Profit and Loss Account and Balance Sheet
(b) Profit and Loss Account and Balance Sheet
(c) Balance Sheet Only
(e) None of these
285. What is the full form of ECB?

(a) Extra Commercial Banking
(b) Extra Commercial Borrowings
(c) External Commercial Borrowings

(e) None of these
286. Which of the following offerings is not a service?

(a) Fixed Deposit Receipt
(b) Postage Stamp
(c) Gift coupon of a chain share
(d) Insurance policy
(e) None of these
287. Home loans are granted to

(a) Individuals
(b) Institutions
(c) Builders
(d) Above all
(e) None of these
288. A call means

(a) Calling on friends
(b) Calling on bank employees
(c) Calling on prospective customers
(d) To make telephone calls
(e) None of these
289. Financial Inclusion means

(a) Opening accounts of finance companies
(b) Financial analysis of balance sheet figures
(c) Opening accounts of HNIs
(d) Opening accounts of underprivileged persons
(e) None of these
290. 'Benchmark' means

(a) Products lined upon a bench
(b) Salesmen sitting on a bench
(c) Set standards
(e) None of these
291. CRM means

(a) Customer Relationship Management
(b) Customer Retention Manager
(c) Customer's Relatives Meet
(d) Channel Route Market
(e) None of these
292. Bancassurance means

(a) Assurance give by banks of Loanees
(b) Assurance to bank with one bank
(c) Assurance to repay loans
(d) Selling insurance products through banks
(e) None of these
293. "HNI" means

(a) Highly Non-interested Individuals
(b) Highly Needy Individuals
(c) High Networth Individuals
(e) None of these
294. Expand "EPZ".

(a) Economical Plus Zone
(b) Entertainment Plus Zone
(c) Export Promotion Zone
(d) Electronic Promotion Zone
(e) None of these
295. E.P.S. in share market stands for

(a) Earnings per share
(b) Electronic Payment System
(c) Employee Pension Scroll
(d) Equated Payment System
(e) None of these
296. The currency, Euro, has been introduced w.e.f.

(a) 01.01.1999
(b) 01.01.2000
(c) 01.08.2001
(d) 01.03.2002
(e) None of these
297. RBI absorbs liquidity in the system through

(a) Repo
(b) Reverse Repo
(c) Both A and B
(e) None of these
298. Regional Rural Banks (RRBs) are regulated by

(a) NABARD
(c) Sponsoring Bank
(d) Board of respective RRBs
(e) None of these
299. The services under the Consumer Protection include

(a) Banking, Financing and Insurance
(b) Transport and Processing
(c) Supply of electrical and other energy
(e) None of these
300. Under provisions of which one of the following Acts, the RBI issues directives to the Banks in India?
(a) RBI Act
(b) Banking Regulation Act
(c) Essential Commodities Act
(d) Both A and B above
(e) None of these
301. The main function(s) of IMF is/are to

(a) Finance investment loans to developing countries
(b) Act as a private sector lending arm of the World Bank
(c) Help to solve balance of payment problems of member countries
302. The Headquarters of NABARD is situated in

(a) Delhi
(b) Mumbai
(c) Lucknow
(d) Kolkata
(e) None of these
303. What is the full form of ASBA?

(a) Allotment supported by Blocked Amount
(b) Application supported by Blocked Amount
(c) Application supported by Bank Amount
(d) Allotment supported by Bank Account
(e) None of these
304. National Savings Certificate matures at the end of

(a) Six years
(b) Six and half years
(c) Seven years
(d) Eight years
(e) None of these
305. A cheque drawn on a Treasury is treated as a

(a) Cheque
(b) Negotiable instrument
(c) Bill
(d) Government cheque
(e) None of these
306. A marginal farmer is the one who owns

(a) up to 2.5 acres of dry land
(b) up to 1.25 acres wet land
(c) either A or B
(e) None of these
307. Bank branches need to report suspicious transaction to
(a) Controllers concerned

(b) RBI
(c) CVC
(d) FIU-IND, New Delhi
(e) None of these
308. Bank for International Settlement (BIS) is headquartered at

(a) Manila
(b) Chicago
(c) Basle, Switzerland
(e) None of these
309. Banks can receive deposits from customers up to a maximum period of

(a) 10 years
(b) 15 years
(c) 20 years
(d) 25 years
(e) None of these
310. Credit Card related grievances can also be referred to

(a) Consumer Forum
(b) Ombudsman
(c) Lok Adalat
(d) All of these
(e) None of these
311. Expand BIS.

(a) Bank for International Settlements
(b) Bank for Industrial Settlements
(c) Bank for Industrial Sectors
(d) Bank for International Services
(e) None of these
312. For a foreigner, temporarily residing in India, type of account to be opened is

(a) Resident Account
(b) NRO Account
(c) NRE Account
(e) None of these
313. For which of the following categories of banks is "protected Disclosure Scheme" applicable?
(a) Co-operative Banks
(b) Private Banks and Foreign Banks
(c) Public Sector Banks
(e) None of these
314. The punch line "Feel the Difference" is associated with

(a) DCB Bank
(b) Deutsche Bank
(c) Yes Bank

(d) Citibank
(e) None of these
315. VDMS in Government transactions means

(a) Verified Date-wise Monthly Statement
(b) Valuable Data Management System
(c) Variable Data Matching System
(e) None of these
316. The term packing credit means

(a) advances against goods in packages
(b) advance for import of goods
(c) advance for export of goods
(d) advance for financing the purchase, processing, manufacturing or packing of goods for export against a letter of
credit or a confirmed order
(e) None of these
317. The DICGC operates the Credit Guarantee Scheme for small scale industries on behalf of the
(a) LIC
(b) IBA
(c) Union Government
(e) None of these
318. "Window dressing" means

(a) the modern way of decorating a branch office
(b) a decorative way of presenting the Balance Sheet and Profit and Loss Account of a bank at its annual general
meeting
(c) manipulation of accounts with a view not to give the share holders a true and fair view
(d) a practice of presenting final accounts of a bank with a view to exhibit a favourable position
(e) None of these
319. The term "dormant accounts" means

(a) accounts showing an average balance of less than Rs. 100 during a half year
(b) accounts which remains inoperative for an extended period of time
(c) accounts which have been blocked under the exchange control regulations
(d) loan/cash credit/overdraft accounts which are considered irrecoverable
(e) None of these
320. World Investment Report is annually published by

(a) IBRD
(b) WTO
(c) IMF
(d) UNCTAD
(e) None of these
321. As we know the RBI is the apex Bank of India, similarly the apex Bank of USA is called
(a) Federal Reserve
(b) The Central Bank of USA
(c) Bank of America

(e) None of these
322. The regulator of Micro Finance in India is

(a) Finance Ministry
(c) State Bank of India
(d) All of these
(e) None of these
323. Banker's right of set off can be immediately exercised in case of

(a) Insolvency of the borrower
(b) Lunacy of the borrower
(c) Death of the borrower
(e) None of these
324. Banks do not purchase/discount

(a) Accommodation Bills
(b) Documentary Bills
(c) Usance Bills
(d) Clean Bills
(e) None of these
325. The biggest international financial center in the world is

(a) Frankfurt
(b) Geneva
(c) London
(d) New York
(e) None of these
326. Which of the following institutions extends maximum term loan to States?
(a) NABARD
(b) LIC
(c) IDBI
(d) IFCI
(e) None of these
327. For which of the following purpose can banks grant Working Capital Term Loan?
(a) Meeting margin for term loan
(b) Meeting margin for working capital loan
(c) Meeting contingent expenses
(d) Meeting credit needs for peak season in an industry
(e) None of these
328. Loan System of Advances has been recommended by

(a) Rashid Jilani Committee
(b) Narasimham Committee
(c) Goiporia Committee
(d) Tandon Committee
(e) None of these
329. Which of the following is not an indicator of productivity for a bank branch?
(a) Business Per Employee
(b) Accounts (both deposits and advances) Per Employee
(c) Net Profit Per Employee
(d) Neat and clean ambience
(e) None of these
330. "Service Area Approach" was recommended by

(a) Dr. P. D. Ojha Committee
(b) A. D. Gorawala
(c) R. V. Gupta
(d) Dr. Kalia
(e) None of these
331. Records, as per Banking Regulation Act, 1949 means

(a) Vouchers
(b) Account Opening Forms
(c) Ledgers / Registers
(d) All of these
(e) None of these
332. The Indicative Time Norm for issuing of demand draft has been stipulated at
(a) 5 minutes
(b) 10 mintues
(c) 15 mintues
(d) 20 mintues
(e) None of these
333. In which year, the Tiwari Committee recommanded for establishment of Special Tribunals for Banks dues
recovery?
(a) 1981
(b) 1987
(c) 1991
(d) 1995
(e) None of these
334. As per the guidelines issued by the SEBI, the permanent Account Number (PAN) is a must for which of the
following?
(a) Demat Accounts
(b) All Savings Bank Accounts
(c) All Housing Loan Accounts
(d) All Current Accounts
(e) None of these
335. The first Indian RRB that is sponsored by the Union Bank that has achieved core banking solution is
(a) Kheladi Grameen Bank
(b) Riddhi Siddhi Grameen Bank
(c) Rewa Siddhi Grameen Bank
(d) The Rewa-Dahej Bank
(e) None of these
336. Bad loans in banking terminology are generally known as

(a) Prime Loans
(b) Prime Asset
(c) BPOs
(d) NPAs
(e) None of these
337. Currency notes issued by RBI are fully covered by

(a) Approved assets
(b) Gold
(c) Foreign exchange
(d) All of these
(e) None of these
338. Authority to prescribe retention period of records of banks vests with

(a) IBA
(b) RBI
(c) GOI
(d) SEBI
(e) None of these
339. Ceiling for settlement through Lok Adalats is:

(a) Rs. 10 lakh
(b) Rs. 15 lakh
(c) Rs. 20 lakh
(d) Rs. 25 lakh
(e) None of these
340. If a bank wants to introduce a new deposit scheme, the same is now approved by
(a) RBI
(b) IBA
(c) respective Bank's Board
(d) Both A and B
(e) None of these
341. The main watchdog of international trade is

(a) IMF
(b) World Bank
(c) GATT
(d) IFC
(e) None of these
342. Which one of the following has largest network, accounts and annual deposits?
(a) IDBI
(b) ICICI
(c) Post office saving bank
(d) IOB
(e) None of these
343. The Interest Rate Policy is a component of

(a) Fiscal Policy
(b) Monetary Policy
(c) Trade Policy
(d) Direct Control
(e) None of these
344. Credit Guarantee Fund Trust for Small Industries has been set up on the recommendations of
(a) Narasimham Committee
(b) Ghosh Committee
(c) Chore Committee
(d) Kapoor Committee
(e) None of these
345. In respect of composite term, loans granted to village industries, refinance are obtained from
(a) NABARD
(b) SIDBI
(c) IDBI
(d) RBI
(e) None of these
346. Economic Order Quantity is a method of

(a) managing raw materials
(b) managing finished goods
(c) managing debtors
(d) managing creditors
(e) None of these
347. Which Act confers on banks their Right of set off?

(a) Banking Regulation Act, 1949
(b) Reserve Bank of India Act, 1934
(c) Negotiable Instruments Act, 1881
(d) Indian Contract Act, 1872
(e) None of these
348. Which Committee was formed to review the system of lending under Consortium Arrangement?
(a) Kapoor Committee
(b) Khan Committee
(c) J.V. Shetty Committee
(d) Share Committee
(e) None of these
349. Which of the following cannot issue a commercial Paper?

(a) Companies
(b) Primary Dealers
(c) Commercial Banks
(d) All India Financial Institutions
(e) None of these
350. The Bond can be

(a) Zero Coupon Bond
(b) Deep Discount Bond

(c) Floating Rate Bond
(d) Any of these
(e) None of these
351. "Refund Banker Scheme" has been launched by

(a) IBA
(b) RBI
(c) SEBI
(d) Income Tax Department
(e) None of these
352. Bank can issue a duplicate of a lost demand draft at the request of the
(a) Payee
(b) holder
(c) Purchaser
(d) Either A or C
(e) None of these
353. A cheque can be paid in cash even after business hours when it is presented by
(a) a person known to bank officals
(b) any person
(c) the drawer
(d) the payee
(e) None of these
354. The amount of advance which may be granted against the security of a life insurance policy depends on
(a) the amount of the insurance policy
(b) the surrender value of the policy
(c) the paid-up value of the policy
(d) the total amount of premiums paid
(e) None of these
355. Consent of RBI is necessary before transferring funds from one chest to another because
(a) RBI is the owner of the Chest
(b) RBI arranges transit insurance
(c) Police protection is arranged
(d) Details to be kept a secret
(e) None of these
356. Due date for repayment of a crop loan is crop growing period, plus
(a) 4 months for marketing
(b) 3 months for marketing
(c) 2 months for marketing
(d) 1 months for marketing
(e) None of these
357. Pillars of BASEL-II are

(a) Minimum capital ratio
(b) Supervisory review
(c) Market discipline
(d) All of these
(e) None of these
358. When the date of the cheque is later than the date on which it is presented for payment, the cheque is known
as
(a) stale cheque
(b) invalid cheque
(c) ante-dated cheque
(d) postdated cheque
(e) None of these
Answer:
1. (d) All of the above

2. (c) SEBI
3. (d) Governor of the RBI
4. (d) Apartheid
5. (d) Exchange Rate of Foreign Currencies
6. (b) State Bank of India
7. (d) Short-term capital movements from one country to another seeking safety or, less often, higher rate of interest
8. (c) an area near a sea-port or airport in which goods can be imported duty free, if they are to be re-exported or
used in the manufacture of goods for export
9. (c) Reserve Bank of India
10. (b) With better understanding more and more people would utilize the banking services
13. (a) Interim finance by a bank pending disbursement of term loan by financial institutions
14. (a) Board for Industrial and Financial Reconstruction
15. (d) Upon maturity of the policy or death of the policy-holder whichever happens earlier
16. (d) All Demit A/c
17. (d) Assignment
19. (a) The account remains 'out of order'
21. (d) NABARD
22. (c) Both A and B
23. (b) Reserve Bank of India
24. (b) Public-Private Partnership
25. D. Only 2 and 3
26. (b) Liquidity Adjustment Facility
27. C. Both 2 and 3
28. (a) Market Capitalization
29. D. Both A and B only
30. (b) Statutory Liquidity Ratio
31. B. Only 2
32. (d) Only A & B'
33. (d) Rate at which RBI purchases or rediscounts bills of exchange of commercial banks
34. (c) net incremental income
35. D. All of these
36. B. Only 2
37. B. Only 2
38. (a) Adequate Capital adequacy Ratio
39. (b) Imperial Bank of India
40. (d) 2012 - 2017
41. (b) Market risk
42. (b) SBI
43. (b) State Bank of India
44. (b) Governor of the RBI
45. (d) Income Tax rate
46. (b) Discount rate
47. (b) 3 -15%
48. (c) RBI
49. (c) Increase
50. (a) New bank of India
51. (d) 15
52. (b) Clearing House
53. (a) SBI
54. e. 1964
55. e. All of the above
56. b. Long- term funds
57. a. Reserve Bank of India (RBI)
58. a. Hyderabad
59. d. Securities and Exchange Board of India (SEBI)
60. b. Export - import (Exim) Bank
61. e. All i, ii ,iii and iv
62. d. All of the above
63. c. New currency
64. e. All of the above
65. c. 1885
66. a. 1964
67. b. 14
68. c. 26
69. c. 1993
70. b. i and ii
71. c. Mumbai
72. c. Both are true
73. d. Both are false
74. A. Only 1
75. (d) Chit Funds
76. (a) ICICI Bank
77. (b) RBI
78. (a) Core
79. D. All of these
80. (b) One hundredth of 1%
81. D. All of these
82. C. Only 1
83. (d) All of these
84. c) March 2017
85. a) RBI
86. b) Net Demand and Time Liability
87. c) Government of India

88. b) Micro Units Development and Refinance Agency
89. a) For Electronic Clearance of Cheques
90. a) Ahmedabad
91. c) Personal Identification Number
92. d) Repo Rate
93. b) Rs. 2 lakh
94. (c) Both A and B
95. (d) all of the above
96. (c) Credit rating
97. (b) vital Information Resource Under Siege
98. (c) Self Help Promotion Institution
99. (a) International Accounting standards Board
100. (c) Indian Financial Network
101. (a) Risk Based Supervision
102. (c) 14
103. (d) Immediately after the payment of the last instalment
104. (b) Seller
105. (c) Central Statistical Organization
106. (d) KYC Guidelines
107. (c) The Contract Act, 1872
108. (c) to slash down the waiting time for encasing cheques
109. (a)Insurance Companies
110. (c) Consolidation
111. (a) Fiscal Deficit minus Interest Payments
112. (b) Ensuring that there will be no problem of liquidity with the borrower
113. (a)Banking Companies Act, 1970
114. (b)RBI
115. (c) transfer of interest
116. (a) LIBOR
117. (c) Treasury Bills
119. (a) Co-branded credit Card without logo of the issuer
120. (c) CGTMSE is silent about covering the loans to Educational Institutions
121. (a) Will have to effect payment without delay or demur
122. (b) defective condition of package and goods
123. (b) Escalation in Project Cost
124. (d) Where more than 85 per cent exploitation has taken place on the available underground water
125. (a) Protecting against fluctuations/ uncertainty risk in forex markets
126. (a) Excess of current assets over current liabilities other than bank borrowings
127. (c) a part of Currency Chest
128. (c) Standard Banking practices in customer services
129. (c) Reserve Bank of India
130. (b) Cash Reserve Ratio
131. (c) Priority sector loan
132. (d) Union Bank of India
133. (d) Savings cheque
134. (c) To provide banking services to all living in remote areas
135. (d) Udaipur
136. (b) Axis Bank
137. (d) Automated Teller Machines.
138. (d) HUFs

139. (a) Mutual Funds
140. (a) Reserve Bank of India (RBI)
141. (a) Kissan Credit Card
142. (a) Capital Accounts Convertibility
143. (c) Educational Loan
144. (d) post dated cheque
145. (b) Without resource to us
146. (b) to make usual allowances for annual wear and tear
147. (c) the rate at which the Reserve Bank of India would rediscount bills of exchange or other eligible
commercial papers, or advance against eligible securities to the scheduled banks
148. (b) Fresh HUF letter is obtained
149. (c) by way of a footnote
150. (c) is not entitled to debit the drawer's account with the amount of the cheque
151. (b) Principal and agent
152. (d) Which has its name added to the second scheduled of the Reserve Bank of India Act, 1934
153. (b) the bank will make the payment provided the cheque is otherwise in order
154. (d) Tarapore & Narasimham Committee
155.
156. (a) Break Even Poi
157. (c) immediately infrom the issuing bank
158. (c) negotiating bank
159. (b) Guarantee
160. (d) replacing stamp duty required for payment of registration of properties and documents
161. (b) a situation where too many workers are doing a limited amount of work.
162. (c) Financial Information Network operation ltd
163. (a) London Inter-bank Offered Rate
164. (b) National Electronic fund Transfer
165. (a) Public Information Officer
166. (d) Ministry of Commerce, Government of India.
167. (b) Set by the Reserve Bank of India
168. (c) Simultaneous purchase of a currency in one market and its sale in another market wit a view to
realise profit
169. (d) The Negotiable Instruments Act, 1881
170. (c) Rubber Plantation
171. (a) Financing of supply-delivery chain, i.e.., dealer of identified large corporate entities financed
by banks
172. (b) persons with agricultural income
173. (c) Rural Poverty : SJSRY
174. (a) when opening bank advises the advising bank to give advance to the exporter
175. (c) intellectual property right
176. a. Reserve Bank of India
177. b. China
178. c. General Insurance Company
179. c. a proposition by EU to attract highly qualified professionals from other countries
180. b. Manila
181. c. Cash and Debtors (except bad debts)
182. b. Asian Development Bank
183. d. shifting an existing branch within the same city, village or town
184. a. advance loans to business
185. c. April to March
186. c. SBI
188. c. bailment to goods as security for payment of a debt or performance of a promise
189. c. On December 8,1985
190. b. Shivaraman Committee
191. b. Mumbai
192. c. to be informed only about the extent of his liability
193. c. the difference between the cost of the imports and exports of a country
194. b. demand deposits used as money, i.e., deposits withdrawable by cheques
195. c. number of major international currencies to which the external value of the Indian rupree is linked
196. c. a "runway" or "galloping" inflationary situation where the monetary unit becomes almost worthless
197. a. all Government securities which are marketable on the stock exchange market
198. d. a port which allows free entry to goods which are to be re-exported
199. b. a group of countries which have decided to impose no duties of any kind on imports from other
members of the group
200. b. that part of the public debt which consists of short term borrowings by the Government
201. c. obligations of the Government of India issued by the Reserve Bank of India and payable normally
ninety-one days after issue
202. b. coins where the value of metal in them is less then the value attached to them by law
203. c. stock exchange
204. c. Reserve Bank of India
205. c. Banking Regulation Act, 1949
206. b. in Mumbai - famous for stock exchange market
207. c. 1955
208. b. The initial rate is offered at a rate lower than the prevailing market rate for a few months and then
gradually keeps increasing
209. b. It is raised printing on the currency notes of RBI seal, Ashoka Pillar emblem etc.
210. a. Share Price Index of Tokyo share market
211. b. Shivaraman Committee
212. c. It gives the underwriter the right to sell investors more shares than originally planned
213. c. both A and B
214. b. Morarji Desai
215. a. by banks from customers on whose behalf the banks have to issue guarantees in favour of third parties,
such as Government department, Public bodies, Corporations etc,
217. c. Balance with RBI
218. b. Operational Risk
219. a. packing credit
220. d. all of the above
221. b. The Reserve Bank of India Act, 1934
222. c. RBI
223. c. a declaration of the borrower to the effect that his assets are free from encumbrance and that he shall
not encumber or dispose them of without bank's permission
225. d. October to March
226. c. sanction of loans
227. c. April to march
228. b. Bid-ask Rate
229. c. Current Account only
230. d. 30 years
231. d. all of the above
232. b. Securities
233. c. Cheque will be scanned and the electronic image, instead of physical cheque, will be transmitted in the
clearing cycle
234. b. Bond holder has an option to convert debt into equity on a fixed date
235. c. A and B both
236. c. A and B both
238. b. Section 35A of Banking Regulation Act, 1949
239. c. 1 year
240. c. Clearing of cheques
241. b. Using FDI funds outside the country
242. b. Securities given to banks for loans against approved securities
243. c. Circular Trading
244. c. Swap
245. (c) ECGC
246. (d) Jeevan sathi Yojana
247. (b) Demand Deposit
248. (d) Pulse Ratio
249. (d) Rickshaw Puller
250. (c) Arup Roy Choudhary
251. (b) Naively Lignite Corporation
252. (c) Sale of post cards and postal stamps
253. (d) Top up Loan
254. 4. All of these
255. (a) Bharat Nirman
256. (b)Mahatma Gandhi
257. (d) Cathay Pacific
258. (c) Equator
259. (a) Vishesh Krishi and Gram Udyog Yojana
260. (a) Note Sorting Machines
261. (b) Base Line
262. (c) Securties & Exchange Board of India (SEBI)
263. (d) Dr. Y.V. Reddy
264. (c) 3,000/-
265. (d) None of these
266. 4. None of these
267. (c) point of sale
268. (b) World Bank'
270. (b) Switzerland
272. (b) Liquidity in economy
273. (d) Provide financial service to the people of the nation of its origin across the country
274. (a) insider trading
275. (c) stocks
276. (b) Rangarajan Committee
277. (a) Golds are purchased and sold
278. (d) Both A and B
279. (c) Bangladesh
280. (a) Imperial Bank of India
281. (c) Service sector
282. (b) Service Industry

283. (b) Fixed Deposit Receipt
284. (a) Net Banking Assets
285. (b) Profit and Loss Account and Balance Sheet
286. (b) Extra Commercial Borrowings
287. (c) Gift coupon of a chain share
288. (a) Individuals
289. (c) Calling on prospective customers
290. (d) Opening accounts of underprivileged persons
291. (c) Set standards
292. (a) Customer Relationship Management
293. (d) Selling insurance products through banks
294. (c) High Networth Individuals
295. (c) Export Promotion Zone
296. (a) Earnings per share
297. (a) 01.01.1999
298. (b) Reverse Repo
299. (a) NABARD
301. (d) Both A and B above
302. (c) Help to solve balance of payment problems of member countries
303. (b) Mumbai
304. (b) Application supported by Blocked Amount
305. (a) Six years
306. (c) Bill
307. c) either A or B
308. (d) FIU-IND, New Delhi
309. (c) Basle, Switzerland
310. (a) 10 years
311. (b) Ombudsman
312. (a) Bank for International Settlements
313. (b) NRO Account
314. (b) Private Banks and Foreign Banks
315. (a) DCB Bank
316. (a) Verified Date-wise Monthly Statement
317. (d) advance for financing the purchase, processing, manufacturing or packing of goods for export against
a letter of credit or a confirmed order
318. (e) None of these
319. (d) a practice of presenting final accounts of a bank with a view to exhibit a favourable position
320. (b) accounts which remains inoperative for an extended period of time
321. (d) UNCTAD
322. (a) Federal Reserve
323. (e) None of these
325. (a) Accommodation Bills
326. (c) London
327. (b) LIC
328. (b) Meeting margin for working capital loan
329. (a) Rashid Jilani Committee
330. (d) Neat and clean ambience
331. (a) Dr. P. D. Ojha Committee

333. (b) 10 mintues
334. (a) 1981
335. (a) Demat Accounts
336. (c) Rewa Siddhi Grameen Bank
337. (d) NPAs
339. (b) RBI
340. (c) Rs. 20 lakh
341. (c) respective Bank's Board
342. (a) IMF
343. (c) Post office saving bank
344. (b) Monetary Policy
345. (d) Kapoor Committee
346. (a) NABARD
347. (a) managing raw materials
348. (d) Indian Contract Act, 1872
349. (c) J.V. Shetty Committee
350. (c) Commercial Banks
351. (d) Any of these
352. (d) Income Tax Department
353. (d) Either A or C
354. (c) the drawer
355. (b) the surrender value of the policy
356. (a) RBI is the owner of the Chest
357. (c) 2 months for marketing

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1. Banking Ombudsman is appointed by

3. Maximum age for retirement for MD/CEO of all private banks is

5. 'Financial Exclusion' is:

6. Vijay Mallya as 'Willful Defaulter' is declared by:

7. Mutual Funds are regulated by:

8. To solve the problems of Balance of Payments of membercountries is function of:

9. Which term is not associated with banking operations:

10. U.T.I. officially changed into:

12. EBT stands for

17. IMF stands for

c) Laxmi Vilas Bank

22. "Bank of Rajasthan" merged with which bank"

24. 'Drawer' in the bank cheques is:

25. 'Drawee in the bank cheque is:

29. During the period of Inflation, tax rates should:

30. Biggest tax paying sector in India is:

32. Insurance sector is regulated by which of the following institution/organization:

33. Expanded form of UCO Bank is:

34. IRDA stands for:

38. Which of the following is correct about ATM:

39. Universal Bank is one which:

41. RBI was established in:

42. Original name of the State Bank of India was:

43. State Bank of India comes in to existence in the year:

44. "Hum Hai Na" is slogan of which bank:

45. World Bank was established in the year:

46. Headquarter of World Bank is located at:

47. 12th President of World Bank Group is:

48. "Overdrafts" covered under which of following function:

49. For the overdraft facility, customer have to pay:

50. SIDBI stands for"

51. NHB is:

52. NHB was established on:

53. NDTL stnads for:

56. KYC is:

59. Barometer of Indian Market is:

61. Capital Market deals in:

62. In which year Banking Commission was established:

63. IRDA's headquarter situated at:

64. State Bank of India was formulated under:

66. Scheduled Commercial Banks got licence under:

67. Laxmi Commercial Bank merged with:

69. When the computers are not functioning in a bank, it is called:

70. When the loans are not repaid in time, it is called:

73. IFSC denotes:

74. IFSC consists of:

75. Oriental Bank of Commerce has taken over:

76. RBI does not issue:

77. Which state government's business is not transacted by RBI:

79. NRI deposits are called as:

80. LAB means:

81. First Public Sector Bank to issue capital to public is:

82. The Management of SEBI consists of:

83. Social Control of the banks introduced during the year:

84. Which of the following is correct about the Home Banking:

86. When RBI desires to restrict expansion of credit it raises the:

88. When a Bank returns a cheque unpaid, it is called:

89. Mortgage is Security on:

91. Full form of FINO:

93. Full form of DICGC:

94. Urban Cooperative Bank is:

95. Following is not a primary function of a Bank: