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NARAYAN CHANGDER
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Contents
1 Banking affairs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
1. Banking affairs
NARAYAN CHANGDER
1. Mangalam village became the first village A. Financial Stability and Development
in India where all households were pro- Chamber
vided banking facilities. Mangalam village B. Funding Stability and Development
is situated in which of the following Union Council
Territories?
C. Financial Stability and Department
A. Delhi Council
B. Chandigarh D. Financial Stability and Development
C. Puducherry Council
D. Daman and Diu 5. Who was the chairperson of the Exter-
nal Advisory Committee (EAC) for Small Fi-
2. In which markets, transactions are done
nance Banks?
through computers and telephone without
any specific location? A. Deepak Phatak
A. over the counter markets B. MS Sahoo
B. past counter market C. Usha Thorat
C. Future counter market D. Nachiket M Mor
D. Capital counter market 6. In borrowing and lending of federal funds,

federal funds rate is result of function be-
3. What is meant by KYC? tween which of the following?
A. Keep your Customer A. supply and demand
B. Know your Credit B. assets and liability
C. Keep your Credit C. Cost and marketing
D. Know your Customer D. Income and expense
4. FSDC is an apex-level body constituted by 7. In which of the following managements,

the government of India. What is the full the company handles the issues can have a
form of FSDC? positive or negative effect on their brand?
1. C 2. A 3. D 4. D 5. C 6. A 7. A
3
A. Public Relations Issues Management C. 4.0 per cent

B. Brand Issues Management D. 5.5 per cent

C. Private Brand Issues Management
12. Which of the following is not a prerequi-
D. None of the above site for a promissory note?
8. With the aim of achieving Financial In- A. Drawn on a specified banker
clusion, Reserve Bank Of India has is-
B. It should be unconditional
sued guidelines permitting the banks to
employ to facilitate Business Develop- C. It should be in writing
ment.
D. It should be made and signed by the
A. Business Correspondents debtor
B. Franchisees
13. Consider the following statements:
C. Business Facilitators
1. The Reserve Bank of India (RBI) on
D. Both a and c
2 April 2014 granted in-principle ap-
9. Which agency should be consulted by provals to IDFC Ltd and Bandhan Fi-
banks to verify whether the property to be nancial Services Pvt. Ltd to start
mortgaged is free from the encumbrances? new banks in India.
2. These approvals have been granted
A. Central Electronic Registry or CERSAI
under the guidelines on licensing of
B. Registrar of Companies new banks in the public sector.
C. Company Law Board 3. The two have been granted the per-
mission to set-up banks from a field
D. RBI of 25 aspirants.
10. Which of the following is true? Which of the statements given above
A. NBFCs can accept deposits from the is/are correct?
public A. 1 only
B. NBFCs cannot offer deposit schemes B. 1 and 2 only
to the public
C. 1 and 3 only
C. Deposits of NBFCs are insured with
DICGC D. 1, 2 and 3
D. NBFCs can accept deposits from the
14. Which one of the following monitors the
public if they are registered and permitted
liberalized remittance scheme, through
by RBI
which resident individuals may remit up
11. In order to take care of the education and to USD 200, 000 per financial year for
health care needs of Below Poverty Line any permitted capital and current account
(BPL) and rural families, The Budget pro- transactions or a combination of both?
poses to increase the cess on personal in- A. Ministry of Finance
come tax and corporation tax to percent
from the present 3 percent. B. Ministry of Overseas Indian Affairs
A. 3.5 per cent C. Department of Posts
B. 4.5 per cent D. Reserve Bank of India
8. D 9. A 10. D 11. C 12. A 13. C 14. D 15. A

4
15. Which of the following is not an apex in- complying with the Know Your Customer
stitution? (KYC) regulations recently.
A. SBI A. Rs 9 crore
B. SIDBI B. Rs 7 crore
C. NABARD C. Rs 2 crore
D. State Cooperative bank D. Rs 3 crore
NARAYAN CHANGDER
16. Companies declare dividends based on 20. Which of the following companies is en-
their financial performances/results. gaged in the principal business of financing
However, dividends at times remain un- of acquisition or construction of houses?
claimed even after considerable length of
time. What happens to such amounts? A. House loan companies
A. Respective companies take it to their B. Housing finance companies
reserve account C. HDFC
B. The unclaimed amount is distributed D. None of the above
among the other share holders the next
year 21. As of 2014, the BRICS nations repre-
C. Transferred to the Consolidated Fund sented per cent of the World economy. Fill
of India the blank with correct option?
D. Transferred to Investors Education A. 10
and Protection Fund B. 15
17. The Central Office of the Reserve Bank C. 18
was initially established in Calcutta (now D. 20
Kolkata) but was permanently moved to
Mumbai in 22. When a bank dishonors a cheque.
A. 1949 A. it is called settlement of the cheque
B. 1937 B. it is called withdrawing of the cheque
C. 1943 C. it is called nullifying of the cheque
D. 1945 D. it is called return of the cheque unpaid
18. Which among the following bank has part-
23. Balance of trade of a country is equivalent
nered with mobile payments switch Terra-
to
Pay to enable real-time money transfer to
bank accounts in India? A. difference between the inward and
outward remittances made in foreign ex-
A. Kotak Mahindra Bank
change.
B. Axis Bank
B. surplus generated shown in a trading
C. Yes Bank account.
D. ICICI Bank C. difference between exports and im-
ports.
19. RBI has imposed a penalty of on state-
run Indian Overseas Bank (IOB) for not D. All of the above
16. D 17. B 18. C 19. C 20. B 21. C 22. D 23. C

5
24. CBLO is a money market instrument that A. Foreign Banks functioning in India
represents an obligation between a bor- B. Local Area Banks
rower and a lender as to the terms and

conditions of a loan. CBLO stands for C. Regional Rural Banks
A. Central Borrowing and Lending Obliga- D. All of the above
tion
29. heads and conducts the affairs of RBI
B. Collateralized Borrowing and Lending A. Central Board
Organisation
B. Local board
C. Collateralized Borrowing and Lease
Obligation C. Regional board
D. Collateralized Borrowing and Lending D. All of the above
Obligation
30. According to SEBI, how many countries
25. The National Investment and Infrastruc- have been tagged as “high-risk jurisdic-
ture Fund (NIIF) has acquired an infras- tions” by global banks acting as custodi-
tructure debt fund. This acquisition is ans for foreign funds?
the first investment from NIIF’s strategic A. 34
fund.
B. 25
A. IL & FS
C. 29
B. IDBI-IFL
D. 21
C. IDFC-IFL
31. This year has been a season of putting
D. Bhushan Steel
banks under PCA category. What is the
26. SEBI has renamed Institutional Trading meaning of “P” in PCA?
Platform (ITP) as A. Prompt
A. Forward Markets Commission (FMC) B. Prove
B. Financial Management Association C. Public
(FMA) D. Price
C. Innovators Growth Platform (IGP)
32. KOSPI is the index of all common stocks
D. Innovators Trading Platform (ITP) traded on the Stock Market Division in
27. In E-commerce what is meant by B2B? A. Canada
A. It means trade between business to B. South Korea
business C. Brazil
B. The deals between business to banks D. China
C. It suggests transactions between
banks and capitalists 33. FM has announced setting up a FAIDF for
fisheries sector and an AHIDF for financing
D. All of the above infrastructure requirement of animal hus-
28. Which banks are insured by the Deposit In- bandry sector with a total corpus of for
surance and Credit Guarantee Corporation the two new funds.
(DICGC)? A. Rs 30, 000 crore
24. D 25. C 26. C 27. A 28. D 29. A 30. B 31. A 32. B 33. C
6
B. Rs 20, 000 crore B. non-scheduled banks

C. Rs 10, 000 crore C. nationalised banks
D. Rs 40, 000 crore D. co-operative banks
34. ECS stand for 39. A bank’s ‘fixed deposit’ is also referred to
as a [IBPS 2013]
A. External Commercial System
A. term deposit
B. Electronic Clearing System
NARAYAN CHANGDER
B. savings bank deposit
C. Electronic Commercial System
C. current deposit
D. Electronic Clearing Service
D. demand deposit
35. Andhra Bank is a medium-sized public sec-
tor bank of India. What is the tagline of 40. The RBI has cut the repo rate by 25 bps
Andhra Bank? in third bi-monthly monetary policy 2017.
What is present Repo Rate?
A. Your Own Bank
A. 5.75 per cent
B. A Tradition of Trust
B. 6.00 per cent
C. One Family One Bank
C. 6.25 per cent
D. Where India Banks
D. 6.50 per cent
36. What do you mean by a Clearing House?
41. How much amount has been allocated in
A. Collection centre for cheques and de- union budget of 2019-20 for development
mand drafts of roads in rural and backward area un-
B. Pooling centre for excess currencies der Pradhan Mantri Gram Sadak Yojana
received from the branches (PMGSY) to pushing rural infrastructure in
the new financial year?
C. Collection centre for collection of tax
and other receipts A. Rs 19, 000 crore
D. collection centre for issuing debit and B. Rs 28, 000 crore

credit cards to customers C. Rs 40, 000 crore
D. Rs 60, 000 crore
37. “ASBA” stands for
A. Application supported by bank account 42. Which of the following banks is the second
largest Public sector banks among the 236
B. Application supported by balance ac-
PSBs in India in terms of Profit?
count
A. Bank of India
C. Application supported by blocked ac-
count B. Punjab National Bank
D. Application supported by blocked C. Bank of Baroda
amount D. Central Bank of India
38. For the purpose of Income Tax Act, 1961, 43. Which of these Ratings is used by RBI to
the Regional rural banks (RRBs) are rate the banks after annual on-site inspec-
treated as tion of banks?
A. scheduled commercial banks A. CAMELS
34. D 35. D 36. A 37. D 38. C 39. A 40. B 41. A 42. C 43. A
7
B. RATS 48. Which Credit Rating Agency is the largest

C. TIGERS in the World?

D. LIONS A. Moody’s Investors Service and Stan-
dard & Poor’s
44. Name a Poverty Eradication Programme in B. Fitch Ratings
which banks played the dominant role?
C. CRISIL
A. IRDP
D. ICRA
B. MNP
C. Rojgar Bima Yojana 49. Who issues Mutual Funds?
D. Jawahar Rojgar Yojana A. Asset Management Companies

B. SEBI
45. Which of the following is an independent
banking industry watchdog that protects C. RBI
consumers of banking services in the coun- D. State Government
try?
50. Currently (July 2014), which country
A. BBB
holds the chair of the Group of Twenty (G-
B. IBA 20) forum?
C. BCSBI A. Russia
D. IBRD B. Australia
46. What is the silent features of Post Office C. Brazil
MIS Accounts? D. Canada
A. Account can be opened by
51. DIPP is the nodal agency in the field of for-
cash/Cheque and in case of Cheque the
eign investments in India. What is the full
date of realization of Cheque in Govt. ac-
form of DIPP?
count shall be date of opening of account.
A. Department of Industry Policy and Pro-
B. Nomination facility is available at the
motion
time of opening and also after opening of
account. B. Department of Innovation Policy and
Promotion
C. Account can be transferred from one
post office to another. C. Department of Industrial Policy and
Promotion
D. All of the above are silent features of
Post Office MIS Accounts D. Department of Industrial Policy and
Partnership
47. Which of the following is an easy way of
providing credit to the farmer community? 52. RBI can issue bank notes of maximum de-
[Nabard Bank 2009] nomination
A. Kisan Credit Card A. Rs. 1000
B. Indira Vikas Patra B. Rs. 500
C. National Saving Certificates C. Rs. 10000
D. Loan against gold D. Rs. 20000
44. A 45. B 46. D 47. A 48. A 49. A 50. B 51. C 52. C 53. C
8
53. FEMA was introduced in which of the fol- 58. The Insurance Ombudsman scheme was
lowing year? created by the for individual policyhold-
A. 1990 ers to have their complaints settled out of
the courts system in a cost-effective, effi-
B. 1989 cient and impartial way.
C. 1999 A. ESIC
D. 1991 B. RBI
54. The rate of interest on term deposits in C. Finance Ministry
NARAYAN CHANGDER
banks is stipulated by which of the follow- D. Government of India
ing?
A. RBI 59. In India, the Chit funds are governed /reg-
ulated by
B. Government of India
A. RBI
C. Indian Banks Association
B. Central Government
D. Bank Itself
C. State Governments
55. *99# service had limited reach and only D. Local Bodie
two TSPs were offering this service in the
beginning. These two TSPs were-? 60. What is Gross Domestic Product (GDP)?
A. BSNL and Vodafone A. It is the market value of all final goods
and services made in the country.
B. Tata Indicom and Aircel
B. It is the Cost production of all final
C. Airtel and Reliance Jio
goods and services made in the country.
D. MTNL & BSNL
C. It is the Cost services of all final goods
56. Passing of tough laws against the micro and services made in the country.
finance companies by a particular state in D. It is the market value of all final goods
India has upset the micro finance sector. and services made within the borders of a
Which state are we talking about? country in a year.
A. Karnataka
61. Teaser Rates are related to which of the
B. Andhra Pradesh following types of loans?
C. Tamil Nadu A. Home Loans
D. Rajasthan B. Personal Loans
57. The small finance bank will be subject to C. Auto Loans
all prudential norms and regulations of RBI D. Reverse Mortgage Loans
as applicable to existing commercial banks
including requirement of maintenance of 62. Which among the following Incentives and
CRR and SLR. What is the present rate of facilities offered to the SEZs is not correct
SLR? A. Duty free import/domestic procure-
A. 20.75 per cent ment of goods for development, operation
and maintenance of SEZ units.
B. 19.75 per cent
B. Exemption from State sales tax and
C. 20.25 per cent other levies as extended by the respective
D. 19.50 per cent State Governments.
54. D 55. D 56. B 57. D 58. D 59. C 60. D 61. A

9
C. Exemption from minimum alternate A. World Bank

tax under section 115JB of the Income Tax
B. UNO
Act.

D. 100% Income Tax exemption on export C. WTO
income for SEZ units under Section 10AA D. SAARC Nations
of the Income Tax Act for 10 years, 50%
for next 5 years thereafter and 50% of 67. CGTMSE (Credit Guarantee Fund Trust for
the ploughed back export profit for next Micro and Small Enterprises) has been set
5 years. up on the recommendations of:
63. A cheque is considered as stale when if has A. Narashimham Committee
been in circulation for B. Ghosh Committee
A. More than forty eight hours
C. Chore Committee
B. More than one year
D. Kapoor Committee
C. More than six months unless other-
wise specified 68. The type of lease that includes a third
D. More than three months party, a lender, is called as which of the
followings?
64. What is the name of the new scheme an-
nounced by the Prime Minister Narendra A. Sale and leaseback
Modi on Independence Day to help the B. Leveraged lease
poor in opening bank accounts, which will
come with the facility of a debit card and C. Direct leasing arrangement
an accidental insurance cover of Rs. 1 D. Operating lease.
lakh?
A. Prime Minister Poor Helping Hand 69. Under the Liberalised Remittance Scheme
Scheme (LRS), all resident individuals, including
minors, are allowed to freely remit up
B. Pradhan Mantri Garibi Hatao Yojana
to per financial year.
C. Pradhan Mantri Jan Dhan Yojana
A. USD 1, 50, 000
D. Prime Minster Poor relief Yojana
B. USD 2, 50, 000
65. As per the HSBC report, India’s growth
rate is expected to accelerate at around C. USD 1, 00, 000
6.5 percent in 2017-18 and is likely to im- D. USD 5, 50, 000
prove further to 7.6 percent by 2019-20.
Where is the headoffice of HSBC? 70. Corporation Bank is a public-sector bank-
A. Hong Kong ing company headquartered in Mangalore,
India. What is the tagline of Corporation
B. Nairobi Bank?
C. London
A. A Premier Public Sector Bank
D. Vienna
66. ‘The Decade of Action for Road safety’
C. Honours Your Trust
campaign by was launched in India re-
cently. D. India’s International Bank
62. D 63. D 64. C 65. C 66. B 67. D 68. B 69. B 70. A 71. D
10
71. Who amongst the following is the Chair- 77. Which of the following schemes available
man of the 13th Finance Commission? [Vi- in the financial markets is not meant for
jaya Bank 2008] investment purposes?
A. Bimal Jalan A. National savings certificates
B. Y V Reddy B. Infrastructure bonds
C. C Rangarajan C. Mutual funds
D. Vijay Kelkar D. Letter of credit
NARAYAN CHANGDER
72. In India, the National Income is measured 78. Commercial Paper (CP) is an unsecured
on the basis of money market instrument issued in the
A. flow of goods only form of a promissory note. In which year
Commercial Paper was introduced in In-
B. number of employed youth only dia?
C. volume of tax collected per annum A. 1975
D. All of the above B. 1990
73. A closed economy is? C. 1985
A. Only Exports take place D. 1955
B. Only Imports take place 79. What do we call the banks which provide
C. Imports and exports take place capital to the firms in the form of shares
D. Neither Imports nor Exports take and engage in underwriting of stocks?
place A. Commercial Banks
74. The Economic Survey is compiled by the B. Universal Banks
A. Ministry of Home Affairs C. Merchant Banks
B. Ministry of Finance D. IFI
C. Ministry of Rural Development 80. A limited company is
D. Central Board of Direct Taxes A. In which shareholders possess the
ownership limited to their paid up capital
75. When was the first phase of the India Post
Payment bank inaugurated? B. In which shares are issued
A. 1st September 2018 C. A company of Govt. ownership
B. 1st January 2017 D. A registered company
C. 15th August 2017 81. Recently RBI issued new guidelines on

D. 26th January 2018 loan restructuring of Non-banking Finan-
cial Companies (NBFCs). The guidelines
76. Which of the following terms is NOT used were based on the recommendation of
in Banking/Finance-related matters? which Committee?
A. Discount Rate A. Nachiket Mor Committee
B. Letter of Credit B. Urijit Patel Committee
C. Cheque Clearing C. Bimal Jalan Committee
D. Law of Motion D. B. Mahapatra Committee
72. D 73. D 74. B 75. A 76. D 77. D 78. B 79. C 80. A 81. D
11
82. With a view to facilitate payment of bal- 87. The main function of the IMF is
ance in the deposit account to the person A. to help solve balance-of-payments
named by the depositor without any has-

problems of member countries
sles in the event of death of the account
holder, the following facility was intro- B. to arrange international deposits from
duced for bank accounts in our country banks
A. Registration C. to act as private sector lending arm of

the World Bank
B. Nomination
D. to finance investment loans to develop-
C. Indemnity ing countries
D. Guarantee
88. Credit rating is
83. Which of the following restrictions apply A. used to rate the borrowers while giv-
for opening BSBDA by banks for individu- ing advances
als? B. used to work out performance of the
A. Age employees
B. Income C. used to calculate the number of excel-
lent audit rated branches
C. Amount
D. not used in any bank
D. None of these
89. NITI Aayog presented India’s Voluntary
84. Where does the headquarters of CRISIL sit-
National Review Report on the implemen-
uated?
tation of the
A. Mumbai A. UN Member Countries
B. Delhi B. International Review of Progress
C. Haryana C. Sustainable development Goals
D. Kolkata D. All of the above
85. Who will settle the grievances of cus- 90. Reserve Bank of India has granted in-
tomers of banks? principle licence for small finance banks.
A. Reserve Bank of India The in-principle approval granted by RBI
will be valid for a period of months.
B. State Bank of India
A. 24 months
C. Local Courts
B. 10 months
D. Banking Ombudsman
C. 18 months
86. Which of the following NBFCs are engaged D. 50 months
in the principal business of financing phys-
ical assets? 91. SAT is a statutory body established under
the provisions of Section 15K of the Secu-
A. Investment Company
rities and Exchange Board of India (SEBI)
B. Loan Companies Act, 1992. SAT stands for
C. Asset Finance Company A. Securities Appellate Tribunal
D. Infrastructure Finance Company B. Securities Appellate Treaty
82. B 83. D 84. A 85. D 86. C 87. A 88. D 89. C 90. C 91. A
12
C. Securities Association Tribunal 97. Who is Chairman & Managing Director of

D. Saving Appellate Tribunal SIDBI?
A. Ajay Tyagi
92. What is the maximum duration for which
term money can be lent/borrowed? B. HK Bhanbhanwala
A. 1 day C. Kshatrapati Shivaji
B. 15 days D. Mohammad Mustafa
NARAYAN CHANGDER
C. 30 days 98. Which organisation has taken off Alla-
D. 1 year habad Bank, Corporation Bank and Dhan-
laxmi Bank from the Prompt Corrective Ac-
93. Maximum maturity days of holding com- tion (PCA) framework allowing them to
mercial paper are resume their normal lending activities re-
A. 170 days cently?
B. 270 days A. SBI
C. 120 days B. SEBI
D. 5 days C. IRDAI
D. RBI
94. The GST Council has decided to implement
the e-way bill mechanism throughout the 99. Established in , FICCI is the largest and
country by after reviewing the readi- oldest apex business organisation in India.
ness of the IT network.
A. 1956
A. 01st June
B. 1949
B. 01st September
C. 1935
C. 01st May
D. 1927
D. 01st February
100. LAF is a monetary policy tool which al-
95. What is the full form of CIBIL?
lows banks to borrow money through re-
A. Customer Information Bureau (India) purchase agreements. What is the mean-
Limited ing “F” in LAF?
B. Credit Information Bureau (India) Lim- A. Fundamental
ited
B. Fund
C. Credit Industrial Bureau (India) Lim-
C. Facility
ited
D. Following
D. Credit Information Bank (India) Lim-
ited 101. Ministry of Tourism estimates monthly
96. Who is a very senior citizen? FEEs through Tourism in India, both in Ru-
pee and Dollar terms based on the credit
A. A person who is 65 years and above data of Travel Head from Balance of Pay-
B. A person who is 75 years and above ments of RBI. FEEs stands for
C. A person who is 80 years and above A. Financial Exchange Earnings
D. A person who is 90 years and above B. Foreign Essential Earnings
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13
C. Funded Exchange Earnings 106. Where is the headquarters of SIDBI lo-

cated?
D. Foreign Exchange Earnings

A. Nagpur
102. The Reserve Bank of India has imposed
B. Pune
a monetary penalty of on State Bank of
India for non-compliance of its directions C. Lucknow
on detection and impounding of counterfeit D. Mumbai
notes.
107. For expanding access to banking ser-
A. Rs 40 lakh vices, the RBI has advised banks to open
B. Rs 20 lakh branches with minimum infrastructure sup-
port of 8 to 10BC units at a reasonable
C. Rs 30 lakh
3-4km. Such branches are known as
D. Rs 10 lakh
A. White Label ATMs
103. India’s economic freedom score in 2014 B. Ultra Small Branches
stands at 5 5.7 and on the basis of it, In- C. Banking Kiosks
dia has been placed at rank in the list of
Economic Freedom Index 2014. D. CBS Terminals
A. 118th 108. IBAI was incorporated as a Company un-

der Section 25 of the Companies Act, 1956.
B. 119th
What is the meaning of “B” in IBAI?
C. 120th A. Basel
D. 121th B. Broadcasting
104. Resident foreign currency account can C. Board
open only for D. Brokers
A. Scheduled commercial banks
109. The panel headed by C. Rangarajan, for-
B. Public sector banks mer Chairman of PMEAC (Prime Minister’s
C. Private sector Banks Economic Advisory Council), has dismissed
the Suresh Tendulkar Committee report
D. Regional Rural banks on estimating poverty. The report sub-
mitted by Rangarajan to Planning Minis-
105. The Indian economy grew at a five- ter Rao Inderjit Singh recently stated that
quarter high of in the October- the number of poor in India was much
December period reflecting overall recov- higher in 2011-12 at 29.5% of the pop-
ery due to good show by agriculture, man- ulation. What was the poverty figure
ufacturing, construction and certain ser- stated for the same year in the Suresh
vices as per the second advanced esti- Tendulkar Committee report, which was
mates of the CSO. severely criticized for its findings?
A. 7.00% A. 38.20%
B. 7.20% B. 29.50%
C. 7.10% C. 21.90%
D. 7.30% D. 20.25%

14
110. Which among the following will settle the 115. The Securities and Exchange Board of In-
grievances of customers of banks? dia (SEBI) is the regulator for the securities
A. State Bank of India market in India. Where is the Head Office
of SEBI?
B. Banking Ombudsmen
A. Bengaluru
C. Local Courts
B. Kolkata
D. Nationalised Banks
C. Hyderabad
NARAYAN CHANGDER
111. Which Bank launches voice password fa-
D. Mumbai
cility for users?
A. Axis 116. Banker-Customer relationship is often
considered a fiduciary one. What is this
B. ICICI
relation based on?
C. HDFC
A. Contract
D. Kotak Mahindra Bank
B. Faith
112. Which among the following companies C. Commercial
has not contributed towards the share cap-
ital of Agriculture Insurance Company of D. Agent and principal
India Limited (AIC)?
117. Dr Muhammad Yunus is a resident of
A. Insurance Regulatory and Develop-
A. India
ment Authority of India (IRDAI)
B. Pakistan
B. General Insurance Corporation of In-
dia (GIC) C. Bangladesh
C. National Bank for Agriculture and Ru- D. USA
ral Development (NABARD)
118. Which of the following is the reason ow-
D. Oriental Insurance Company Limited ing to which Government charges export
(OICL) duty on some export items?
113. Which of the following is not considered A. To get benefit from high international
one among the loans under Retail Bank- prices
ing? B. To improve the tax collection targets
A. Car loan
C. It is as per the international practices.
B. Housing loan
D. To ensure the smooth availability of
C. Personal loan the items in India
D. Infrastructure loan
119. Who is the present Chairman cum Manag-
114. Which one of the following is a source of ing Director of Oriental Insurance Company
non-tax revenue for Government of India? Ltd?
A. Import duty on cars A. VK Sharma
B. Octroi at cheek points on roads B. AV Girija Kumar
C. Entrance fee on museums C. G Srinivasan
D. Excise duty on beverages D. Alamelu T Lakshmanachari

15
120. SIMEX share price index relates to the 124. StockHolding is a subsidiary of
stock exchange of which of the following? A. IFCI Limited

A. London
B. RBI
B. Tokyo
C. Government of India
C. Mumbai
D. SIDBI
D. Singapore
125. Which of these banks is regulated by Re-
121. The new denomination has Motif of on
serve bank of India?
the reverse, depicting the country’s cul-
tural heritage in the Rs100 denomination A. Local Area Banks
banknotes in the Mahatma Gandhi (New) B. Cooperative Banks
Series.
C. Commercial Banks
A. Rani Ki Vav
D. All of the above
B. Sun Temple
C. Hampi with Chariot 126. Assam Government will offer a Wage
D. Sanchi Stupa Compensation for pregnant women work-
ing in the tea gardens of the state. Under
122. KVP can be purchased from any Depart- the scheme, an amount of will be given
mental Post office. KVP stands for to the pregnant women.
A. Kisan Vikas Public A. Rs 12, 000
B. Kisan Vilay Patra B. Rs 4, 000
C. Kisan Vikas Patra C. Rs 6, 000
D. Krishi Vikas Patra
D. Rs 10, 000
123. Which of the following is true about the
.Village Grain Bank Scheme.? 127. Stepping up its crackdown on money laun-
dering and round-tripping, SEBI recently
1. The Scheme was launched to provide came out with a detailed framework for
safeguards against starvation dur- risk-based Know Your Client (KYC) docu-
ing the period of natural calamities mentation of FPIs. FPI stands for
or lean season.
2. The grain banks are set up in food- A. Foreign Personnel Investors
scarce areas like drought-prone ar- B. Foreign Portability Investment
eas, hot and cold desert areas, tribal
C. Foreign Personified Investment
areas and inaccessible hilly areas.
3. Village Panchayats, who were run- D. Foreign Portfolio Investors
ning village grain banks earlier, are
now not authorised to run the same. 128. Infrastructure Finance Company is en-
Instead, the authority is now given gaged in business of which of the follow-
to NGOs and SHGs in the village. ing?
A. Only 1 A. Debts
B. Only 2 B. Infrastructure loan
C. Only 3 C. Marketing
D. Only 1 & (2) D. None of the above

16
129. Whether loss-making banks can make do- B. Petroleum products

nations? C. Tea and Coffee
A. Upto Rs. 5 lakh only
D. Sugar
B. No
134. Insurance business in India is regulated
C. Upto Rs. 8 lakh only
by
D. Upto Rs. 2 lakh only
A. Life Insurance Corporation of India
NARAYAN CHANGDER
130. Who is the present MD and CEO of Syn- B. Reserve Bank of India
dicate Bank?
C. Insurance Regulatory and Develop-
A. Ajay Vipin Nanavati ment Authority (IRDA)
B. Sandeep Bakshi D. SEBI
C. Mrutyunjay Mahapatra
135. What is full form of Forex?
D. Sanjeev Nautiyal
A. Foreign Exemption
131. SDR, the currency of the IMF, is in the
form of B. Foreign Exchange
A. Paper Currency C. Foreign Expert
B. Gold D. Foreign Expansion
C. Silver and Gold both 136. A current account in a bank means

D. Book Keeping entry only A. in which balances are kept high
132. When a bank writes off a loan as bad, B. interest is not paid on the balance in
its the account
A. Total assets and total liabilities de- C. in which transactions should take
creases by that amount. place daily
B. Total liabilities and capital decreases D. availing credit facilities
by that amount.
137. The oldest Central Bank in the world is
C. Total assets and capital decreases by
the
that amount.
A. Reserve Bank of India
D. Total assets, total liabilities and capi-
tal decreases by the amount. B. Bank of England
C. U S Federal Reserve
133. The Finance Minister of India in one of
his press conferences said that inflationary D. State Bank of India
pressure is likely to continue following re-
cent increase in rates of some commodities 138. Which institution provides long run fi-
in international markets. Which of the fol- nance to industries?
lowing commodities was he referring to as A. UTI
it gets frequent increase at international
B. LIC
levels and disturbs our Home Economy sub-
stantially? C. GIC
A. Gold and Silver D. IDBI

17
139. How much fund has been allocated by the 144. Gains in trade results from
government for the PM Saubhagya Yojana A. Exporting as much as possible and re-
in Union Budget 2018-19?

ceiving gold.
A. Rs.42, 000 crore B. Reallocation of existing goods be-
B. Rs.36, 000 crore tween the two countries.
C. Rs.28, 000 crore C. The fact that exchange brings both spe-
cialization & reallocation of greater output
D. Rs.16, 000 crore & the increased welfare in each country
140. The rate on which banks borrow from the D. One country receiving both imports &
RBI is called exports
A. SLR 145. The International Bank for Reconstruc-
B. CRR tion and Development (IBRD) is an interna-
tional financial institutions that offer loans
C. Interest Rate to
D. Repo Rate A. Multinational Banks
141. Recently, the BRICS countries firmed up B. Multinational Financial Institutions
plan to set up a New Development Bank C. Middle Income Developing Countries
(NDB) with an initial authorised capital of$
D. Non Government Organizations
100 billion. The NDB will be headquar-
tered in? 146. Who is the present Managing Director &
A. New Delhi CEO of IDFC Limited?
B. Shanghai A. Vinod Rai

B. Sunil Kakar
C. Moscow
C. Chintamani Bhagat
D. Johanesburg
D. Manish Kumar
142. Who is the newly appointed Managing Di-
rector and CEO of MCX-SX? 147. Which among the following committees
had recommended Income Recognition and
A. Srikant Javlekar assets classification norms?
B. Saurabh Sarkar A. Rangarajan committee
C. U.K. Sinha B. Goiporia committee
D. Prateep Chowdhary C. Narasimhan committee;
143. Bharatiya Reserve Bank Note Mudran D. Jankiraman committee

Private Limited (BRBNMPL) was estab- 148. Each of the RRBs covers districts ranging
lished as its wholly owned subsidiary on from [IBPS 2012]
A. 1988 A. 1 to 15
B. 1992 B. 2 to 25
C. 2002 C. 3 to 25
D. 1995 D. 2 to 15

18
149. The promoter’s minimum initial contribu- 153. First Indian bank to provide Internet
tion to the paid-up equity capital of such Banking facility is-?
payments bank shall at least be for the
A. SBI
first five years from the commencement of
its business. B. ICICI Bank
A. 20% C. Canara Bank
B. 30% D. BOI
NARAYAN CHANGDER
C. 50%
154. Who has been appointed as Managing Di-
D. 40% rector and Chief Executive Officer of Bank
of Maharashtra?
150. Which of the following is/are objec-
tive(s) of our Monetary Policy? A. Arvind Saxena
1. To anchor inflation expectations. B. AN Jha
2. To actively manage liquidity. C. Raninder Singh
3. To maintain interest rate regime con-
sistent with price output and finan- D. AS Rajeev
cial stability.
155. What is the maximum limit per transac-
Select the correct answer using the codes tion in NEFT?
given below
A. Rs 1, 00, 000
A. Only 1
B. Rs 50, 000
B. Only 2
C. Rs 1, 50, 000
C. 1 and 3
D. No Such Limit
D. All of the above
156. Name the company that became the first
151. Which of the following terms is not the
Indian company to cross Rs 8 trillion mar-
terminology of the stock markets?
ket capitalization after its shares surged
A. Application supported by blocked ac- nearly 37% in 2018.
counts
A. TCS
B. Rights issue
B. Infosys
C. Red herring prospectus
C. HDFC Bank Ltd
D. Takeout financing
D. Reliance Industries Ltd
152. Which of the following conducts supervi-
sion over Commercial Banks, Financial In- 157. As per the Reserve Bank of India, BBPS
stitutions, NBFCs and other Para-Banking will initially accept utility bill payments
financial institutions in India? such as
A. SEBI A. Telephone Bill
B. Ministry of Finance B. Electricity Bill
C. Board for Financial Supervision, RBI C. DTH services
D. Ministry of Corporate Affairs D. All of the Above

19
158. What do we call the rate at which the 163. NFRA, an independent regulator for the
Reserve Bank of India lends money to com- auditing profession recently got its chair-
mercial banks? men recently. What does F stands for in

NFRA.
A. Repo rate
A. Funding
B. Reverse repo rate
B. Firm
C. CRR
C. Fraud
D. SLR
D. Financial
159. Which state Coastal Local Area Bank Ltd
belongs to? 164. How many banks were first national-
ized?
A. Gujarat
A. 10
B. Andhra Pradesh
B. 12
C. Karnataka
C. 14
D. Tamil Nadu
D. 16
160. Jana Small Finance Bank (formerly
Janalakshmi Financial Services) announced 165. What does the letter ‘L’ denote in the
commencement of its banking operations. term ‘LAF’ as referred to every now and
Jana Small Finance Bank based in then in relation to the monetary policy of
the RBI?
A. Jaipur
A. Liquidity
B. Chennai
B. Liability
C. Bengaluru
C. Leveraged
D. Kolkata
D. Longitudinal
161. Which among the following Public sector
Bank has launched Contactless Credit Card- 166. HUDCO was incorporated in which year?
Wave N Pay (on Visa Platinum platform),
A. 1962
for transactions up to INR 2000?
B. 1970
A. Bank of Baroda
C. 1956
B. Union Bank of India
D. 1948
C. State Bank of India
D. Punjab National Bank 167. The stance of RBI monetary policy is
[BOB 2008]
162. Core investment company is a type of
A. inflation control with adequate liquid-
which of the following?
ity for growth
A. IT company
B. improving credit quality of the Banks
B. Insurance company
C. strengthening credit delivery mecha-
C. Bank nism
D. NBFC D. Any of the above

20
168. StockHolding was incorporated as a Pub- 172. Bank Holidays are covered by which of
lic Limited Company in the following?
A. 1995 A. As per the order of the GOI
B. 1992 B. As per the order of the IBA
C. 1986 C. Negotiable Instruments Act
D. 1981
D. RBI Act
NARAYAN CHANGDER
169. MICR code and its technology used to
verify the legitimacy or originality of pa- 173. A major Public Sector Bank raised inter-
per documents, especially checks. MICR est rates on loans by 25 basis points. This
stands for means the bank has raised interest by 25
basis points of
A. Magnetic Ink Character Recognition
A. Savings Bank Interest Rate
B. Management Ink Character Recogni-
tion B. Base Lending Rate
C. Magnetic Ink Conclusion Recognition C. Present Rates on Deposits
D. Magnetic Ink Character Restructure D. Discounted Rates of Interest
170. A new Payments Bank ‘Paytm Payments
174. The PMJJBY is available to people in
Bank’ was formally launched at the hands
the age group of 18 to 50 years hav-
of the Union Finance Minister Arun Jaitley.
ing a bank account who give their con-
Who is the Chairman of Paytm Payments
sent to join/enable auto-debit. The pre-
Bank?
mium is per annum which is to be auto-
A. RS Sodhi debited in one installment from the sub-
B. Suresh Sethi scriber’s bank account as per the option
given by him on or before 31st May of
C. AP Singh each annual coverage period under the
D. Vijay Shekhar Sharma scheme.
171. Which of the following correctly de- A. Rs 380

scribes what sub-prime lending is? B. Rs 365
1. Lending to the people with less than C. Rs 100
ideal credit status.
2. Lending to the people who are high D. Rs 330
value customers of the banks.
3. Lending to those who are not a reg- 175. The risk coverage under the PMSBY
ular customer of a bank. scheme is lakh for accidental death and
full disability and Rs. 1 lakh for partial
Select the correct answer using the codes
disability.
given below:
A. Only 1 A. Rs. 3 lakh
B. Only 2 B. Rs. 5 lakh

C. Only 3 C. Rs. 4 lakh
D. All of these D. Rs. 2 lakh

21
176. Identify the well known person related to C. Dilip Chenoy

Banking field in India from the following? D. Rishad Premji

A. Mrs. Meira Kumar
181. Which of the following is best described
B. Mrs. Kiran Shaw as selling a synthetic asset and simultane-
C. Mr. Arun Jaitley ously buying the actual asset?
D. Dr. D Subbarao A. Arbitrage
B. Diversifying
177. The Union Cabinet has approved the
C. Speculating
signing of an MoU between IRDAI and
the Federal Deposit Insurance Corporation. D. Hedging
The Federal Deposit Insurance Corporation 182. Treasury bills are sold in India by
based in
A. SEBI
A. Germany
B. State Government
B. France
C. RBI
C. USA D. Commercial Banks
D. Japan
183. Which of the following functions are not
178. Name the E-commerce company, which being performed by the Reserve Bank of
has announced a toll-free number 1800- India?
1800-1234 to enable consumers and mer- A. Regulation of banks in India
chants without an internet connection to B. Regulation of foreign direct invest-
pay and receive money instantly and also ment in India
recharge their mobile phones?
C. Foreign currency management in India
A. Myntra
D. Control and supervision of money sup-
B. MobiKwik ply
C. Paytm 184. Who can set up an SEZ?
D. Amazon A. Private sector
179. Venture capital was originated in which B. Public sector
of the following countries? C. State government
A. India D. All of the above
B. Britain 185. India’s capital market regulator SEBI
C. France cleared final guidelines for creation and
listing of business trusts for key sectors
D. USA
of real estate and infrastructure on 10 Au-
180. Who has been appointed as the Chairman gust 2014. These guidelines have been
of the National Association of Software cleared to help attract greater foreign and
and Services Companies (NASSCOM) for domestic investments into these sectors.
2018-19? What are the names of business trusts as-
sociated with real estate and infrastruc-
A. PP Malhotra ture which would be created and listed
B. Raman Roy with these SEBI guidelines?

22
A. Real Investment Trusts (RITs) and In- D. Both 1 and 2

frastructure Investment Trusts (InvITs)
190. The BSE has signed a memorandum of un-
B. Real Estate Trusts (RETs) and Infras- derstanding (MoU) with with an objec-
tructure Investment Trusts (InvITs) tive to strengthen the BSE Startups plat-
C. Real Estate Investment (REI) and In- form.
frastructure Trusts (InvTs) A. Punjab National Bank
D. Real Estate Investment Trusts (REITs) B. Bank of Baroda
NARAYAN CHANGDER
and Infrastructure Investment Trusts (In-
vITs) C. Canara Bank
D. HDFC Bank
186. Reverse repo means
191. Private insurer Tata AIA Life announced
A. injecting liquidity by the Central Bank
the launch of ‘Eazy Connect’, that will ex-
of a country through purchase of govern-
tend online customer service to social me-
ment securities
dia platforms. Tata AIA Life) is a joint ven-
B. absorption of liquidity from the market ture company, formed by
by sale of government securities
A. Tata Sons Limited
C. balancing liquidity with a view to en-
B. AIA Group Limited
hance economic growth rate
C. Bajaj Allianz
D. improving the position of availability of
the securities in the market D. Both A and B
187. Which of the following states became the 192. Where is the Head Office of Insurance In-
first state in the country to launch RBI’s e- formation Bureau?
payment system for commercial tax pay- A. Hyderabad
ers?
B. Mumbai
A. Andhra Pradesh
C. Bengaluru
B. Karnataka
D. New Delhi
C. Kerala
193. New Delhi is the headoffice of which of
D. Maharashtra
the following banks?
188. What is the allocation on Digital India A. Punjab National Bank
Project under Union budget 2018-19?
B. Punjab and Sindh Bank
A. Rs. 1014 crore C. Indian Bank
B. Rs. 3073 crore D. Both A and B
C. Rs. 5054 crore
194. The need for Venture Capital Financing
D. Rs. 2315 crore was highlighted by which of the following
189. Which of the following parties are in- committee in India?
volved in the Promissory notes? A. Bhatt Committee
A. The Maker B. Gadgil Committee
B. The Payee C. Urjit Patel Committee
C. Endorsee D. None of the Above

23
195. ATMs cards are issued to a person who 200. One of the Primary functions of IMF is
maintains which of the following accounts to provide short term capital assistance
with the bank? to member countries through SDR (Special

A. saving bank accounts Drawing Rights). What is NOT true about
SDR?
B. Current accounts
A. Currency code of SDR is XDR
C. term deposits
B. SDR is the Unit of Account of IMF
D. either A or B
C. Asian Development Bank (ADB) also
196. What is the name of the portal being de- uses SDR as its Currency
veloped by the Department of Commerce,
D. None of the above
that will provide a single window linking
all stakeholders? 201. The Reserve Bank of India, released its
A. National Mission Portal June Mid-quarter Monetary Policy. Con-
B. National Saving Portal sider the following statements:
C. National Logistics Portal 1. RBI left its key policy, repo rate un-
changed at 7.25% in line.
D. National Clean Portal 2. CRR (Cash Reserve Ratio), re-
197. There is a possibility of account hold- mained at 4% .
ers retaining the same bank account num- 3. Repo is the rate at which banks bor-
ber even when banks are being changed. row from the central bank.
What is this facility known as? Select the correct answer using codes
A. Number portability given below:
B. Deposit portability A. 1 and 2 only
C. Bank portability B. 2 and 3 only
D. Account number portability C. 1 and 3 only
198. What type of loan is a Housing loan? D. 1, 2 and 3
A. Unsecured Loan 202. What is the tagline of State Bank of India

B. Secured Loan (SBI) after the merger?
C. Corporate Loan A. Banker to every Indian
D. Consumer Loan B. The Name you can Bank Upon
C. A Faithful & Friendly Financial Partner
199. Increase in remittances from non-
resident Indians suggest D. Experience Next Generation Banking
A. Increase in the balance of payments
203. Narsimham Committee recommended to
deficit in India
reduce SLR and CLR to
B. Reduces the balance of payments
A. 25% and 3.5% respectively
deficit in India
B. 24% and 3.5% respectively
C. Has no effect on the balance of pay-
ments position C. 25% and 3% respectively
D. All of the above D. 20% and 5% respectively

24
204. The term ‘Ways and Means’ advances A. Former Governor of RBI
refers to B. Former Chairman of SBI
A. the advances allowed under DRI C. Former Deputy Governor of RBI
Scheme by commercial banks
D. Former Finance Adviser of India
B. the advances allowed by commercial
banks under Twenty Point Economic Pro- 209. What are the cooperative banks at the
gramme village level known as?
A. Central cooperative banks
NARAYAN CHANGDER
C. the temporary advances made to the
government by its bankers to bridge the B. Primary agricultural cooperative soci-
interval between expenditure and the flow eties
of receipts of revenues
C. Village cooperative banks
D. All of the above
D. State cooperative banks
205. The names of which of the following 210. Capital market is a market which deals in
rates/ratios cannot be seen in financial
newspapers? [Corporation Bank 2011] A. Short-term funds
A. Bank Rate B. Long-term funds
B. Repo Rate C. Gilt-edge securities

D. None of these
C. Statutory Liquidity Ratio
D. Pulse Rate 211. For which of the following banks, did RBI
introduce the scheme RS.protected disclo-
206. Treasury bill is sure’?
A. Negotiable security A. Private Banks
B. Non negotiable security B. Co-operative Banks
C. No security at all C. Foreign Banks
D. Quasi negotiable security D. A and C
207. Name the organisation, which an um- 212. Where is the Head Office of Oriental In-
brella organisation for operating retail surance Company Limited?
payments and settlement systems in India, A. Hyderabad
is an initiative of Reserve Bank of India
B. Chennai
(RBI) and Indian Banks’ Association (IBA).
C. Mumbai
A. SBI
D. New Delhi
B. FATF
C. SEBI 213. The RBI has imposed a penalty of Rs
5 crore on Karur Vysya Bank for non-
D. NPCI compliance of its directives. According to
208. Subhash Sheoratan Mundra has been ap- RBI statement, the penalty was imposed
pointed as Independent Director on the for non-compliance with its directions on
Board of Indiabulls Housing Finance Ltd IRAC norms. What is the full form of
(IBHFL) for a period of three years. He IRAC?
was A. Income Regional and Asset Common

25
B. Interest Recognition and Asset Classi- 218. MSF rate refers to the rate at which
fication the scheduled banks can borrow funds
overnight from RBI against government

C. Income Recognition and Agency Clas-
sification securities. What is the meaning of “F” in
MSF?
D. Income Recognition and Asset Classifi-
cation A. Funded
B. Financial
214. In capital markets, which of the follow-
ing are the major suppliers of trading in- C. Flow
struments? D. Facility
A. liquid corporations 219. RDA is a channel to receive cross-border
B. instrumental corporations remittances from overseas jurisdictions.
C. manufacturing corporations What does meaning of “A” in RDA?
D. government and corporations A. Account

B. Assembly
215. Which of the following is the biggest bor-
rower in India? C. Arrangement
A. Indian Government D. Association
B. Reserve Bank of India 220. Which of the following is/are the mea-
C. Indian Railways sure(s) taken by the Reserve Bank of In-
dia (RBI) to ease the liquidity crunch in the
D. State Governments country?
216. Which of the following statements is 1. Cut in Cash Reserve Ratio and Statu-
true? [IBPS 2011] tory Liquidity Ratio.
2. Increase the flow of foreign direct
A. Banks cannot accept demand and time
investment.
deposits from public.
3. Supply of additional currency notes
B. Banks can accept only demand de- in the market.
posits from public.
A. Only 1
C. Banks can accept only time deposits
from public. B. Only 2
D. Banks can accept both demand and C. Only 3

time deposits from public. D. All the above
217. Chief Minister Manohar Parrikar pre- 221. The Fourth Dialogue of the NITI Aayog-
sented in the state assembly Rs. 17, 123- Development Research Centre (DRC) of
crore budget for 2018-19, an increase of the State Council, Peoples’ Republic of
6.84% over the ongoing fiscal. China was held in
A. Dadra and Nagar Haveli A. New Delhi
B. Gujarat B. Pune
C. Goa C. Kolkata
D. Maharashtra D. Mumbai

26
222. Which of the following Bank has received 227. The government has approved recapital-
RBI’s approval to buy the securities ser- ization of Rs 48, 239 crore in public sec-
vices arm of IL & FS recently? tor banks in this fiscal to help them main-
tain regulatory capital requirements and fi-
A. Federal Bank
nance growth plans.
B. IndusInd Bank A. 10
C. South Indian Bank B. 12
D. Axis Bank
NARAYAN CHANGDER
C. 18
D. 15
223. Bad debts recovered is a for the organ-
isation. 228. In which year National Company Law Tri-
A. Expense bunal (NCLT) was set up
B. Debt A. 2012
B. 2013
C. Income
C. 2014
D. Asset
D. 2016
224. What is Islamic Banking?
229. Allahabad Bank is a nationalised bank
A. Banking in which lending is prohibited with its headquarters in Kolkata, India.
What is the tagline of Allahabad Bank?
B. Banking in Muslim countries
A. A Tradition of Trust
C. Banking consistent with the principles
of sharia B. Empowering Women, Empowering In-
dia
C. Together we can
225. Who amongst the following is the regula- D. Prosperity for all
tor in the financial system of the country?
230. Which of the following e-commerce com-
A. OIC pany has partnered with the Life Insurance
B. SEBI Corporation of India (LIC) to offer online
insurance premium payments on its plat-
C. CRISIL form?
D. TRAN A. Phonepe
B. Airtel Money
226. The 12th informal meeting of SAARC Fi-
nance Ministers was held in on the side- C. MakeMyTrip
lines of the 51st Annual Meeting of Asian D. Paytm
Development Bank (ADB).
231. Who is a banking ombudsman?
A. Jakarta, Indonesia
A. The chief vigilance officer of a bank
B. Geneva, Switzerland
B. The chairman of a bank
C. Manila, Philippines
C. An official in the Finance Ministry, Gov-
D. Kathmandu, Nepal ernment of India

27
D. An independent authority appointed by should he approach next to settle the mat-

RBI to address customer complaints ter?

232. The part of a company’s earnings or prof- A. Consumer protection court
its which are paid out to shareholders is B. RBI
known as C. Banking ombudsman
A. capital gains D. Finance ministry
B. taxes
237. The Securities and Exchange Board of In-
C. interest on borrowings
dia (SEBI) was established on
D. dividends
A. 12th April 1999
233. Banks have different interest rate for dif- B. 12th April 1992
ferent loan products. To which rate are
C. 12th April 1949
there interest rates linked?
D. 12th April 1990
A. Prime lending rates
B. Base rate 238. The government has increased the rate of
interest for General Provident Fund (GPF)
C. RBI administered rates
and other related schemes by 0.4% points
D. The bank rate to for the October-December quarter.
234. The Reserve Bank of India (RBI) has A. 7.50%
allowed to restart opening new ac- B. 8.0%
counts for its consumers after almost six
C. 8.40%
months of the ban.
D. 8.80%
A. Paytm Payments Bank
B. Aditya Birla Payments Bank 239. The issued/paid-up capital of a Regional
Rural Bank (RRB) should be
C. India Post Payments Bank
D. Fino Payments Bank A. Rs. 60 lakh
B. minimum Rs. 25 lakh and maximum Rs.
235. The Reserve Bank of India is planning to 100 lakh
launch a new category of banks called D-
SIB. What does D-SIB stands for C. Rs. 80 lakh
A. Domestic Systematically Important D. Rs. 90 lakh

Banks 240. RBI appointed a Committee to Review
B. Domestic Saving & Investment Banks Governance of Boards of Banks in India
C. Domestic Synchronised Important chaired by P.J. Nayak would
Banks 1. review the regulatory compliance
D. Domestic Synchronised Improvised require-ments of banks’ boards in
Banks India.
2. judge what can be rationalised and
236. A bank customer could not get his where requirements need to be en-
grievance resolved by his bank even after hanced.
referring his complaint to the designated 3. examine the working of banks’
official of the concerned bank. Whom boards.

28
4. analyse the representation on C. A percentage of capital & reserves of

banks’ boards. the bank
Select the answer from the codes given be- D. None of these
low: Codes:
A. 1, 2 and 3 245. What is full form of NBFC as used in fi-
nancial sector?
B. 2, 3 and 4
A. New Banking Finance Corporation
C. 1, 3 and 4
NARAYAN CHANGDER
D. All of the above B. Non Banking Finance Company
C. New Business Formation Company
241. is a standard format of Bank Identifier
Codes(BIC) for banks to identify banks and D. Net Banking & Finance Cooperative
financial institutions globally.
A. RTGS 246. A panel of Reserve Bank of India has sug-
gested to set-up specialized banks to cater
B. IFSC to the low income households and small
C. NEFT businesses. These banks will ensure that
D. SWIFT every citizen have a bank account by 201
6. The panel was headed by
242. is a measurement of a country’s trade
A. Mukul Mudgal
where the value of the goods and services
it imports exceeds the value of the goods B. Nachiket Mor
and services it exports.
C. Raghuram Rajan
A. Balance Sheet
D. Bilal Nazaki
B. Index of Industrial Production
C. Foreign direct investment 247. Which of the following term is used in
banking?
D. Current Account Deficit
A. Listing
243. SEBI has approved amendments to
buyback and takeover regulations and B. Open Market Operations
changed the time for announcing the price C. Settlement Day
band of initial public offering (IPO) from 5
to days recently. D. Stock
A. 10 days 248. RBI included in the list of ‘too big to
B. 9 days fail’ lenders, referred to as D-SIB or do-
C. 7 days mestic systemically important bank. In-
dia’s largest lender SBI and private sector
D. 2 days
major ICICI Bank was classified as D-SIBs
244. Minimum cash reserves fixed by law in 2015.
constitute A. Kotak Mahindra Bank
A. A percentage of aggregate deposits of B. Bank of Baroda
the bank
C. Axis Bank
B. A percentage of aggregate loans and
advances of the bank D. HDFC Bank

29
249. When the credit committee corporation 253. Regional Rural Banks (RRBs) are empow-
was created? ered to transact the business of banking as
defined under

A. 1974
A. Banking Regulation Act, 1949
B. 1972
B. Negotiable Instruments Act, 1881
C. 1971
C. Regional Rural Banks Act, 1976
D. 1973
D. the Banking Companies (Acquisition
250. A separate fund called “Aam Admi Bima and Transfer of Undertakings) Act, 1970
Yojana Premium Fund” has been set up by
Central Govt. to pay the Govt. contribu- 254. The Banking Ombudsman Scheme is intro-
tion. Fund is maintained by duced under Section 35 A of the Banking
Regulation Act, 1949 by RBI with effect
A. Life Insurance Corporation of India
from
(LIC)
A. 1995
B. Reserve Bank of India (RBI)
B. 1999
C. The new India assurance company lim-
ited (NIACL) C. 1990
D. Agriculture insurance company of In- D. 1982
dia limited (AICIL)
255. Which is the oldest Joint Stock bank of
251. and NABARD joined hands to provide India?
collateral-free credit through Joint Liabil- A. Allahabad Bank
ity Groups (JLGs) in Telangana.
B. Bank of Baroda
A. RBI
C. Patiala Bank
B. BOB
D. Bank of India
C. SBI
D. PNB 256. The Tier-1 capital of banks does not
include
252. Recently RBI has directed Banks to issue A. Paid-up capital
prepaid Payment Instruments to listed Cor-
porates. Which of the following are exam- B. Revaluation reserves
ples of prepaid Payment C. Statutory reserves
1. Instruments-smart cards D. Investment fluctuation reserves
2. paper vouchers
3. mobile accounts 257. Where is the Head Office of Indian Banks’
4. internet wallets Association?
A. Only 1 and 2 A. Chennai
B. Only 2 and 3 B. New Delhi
C. Only 1, 2 and 4 C. Mumbai
D. All of above D. Kolkata

30
258. What is the relationship between a bank 2. The growing foreign trade in India
and customer when a locker is rented out will have to be financed by the local
by a bank to a person: banks.
3. Foreigners are habitual of the com-
A. Bailor and Bailee
forts provided by the technology. In-
B. Bailee and Bailor dia has to do a lot in this reference.
C. Principal and Agent A. Only 1 is correct
D. Lessee and Lessor B. Only 2 is correct
NARAYAN CHANGDER
C. Only 3 is correct
259. Which of the following is not an objective
of IMPS? D. All of the above
A. To facilitate mobile payment systems 262. Which of these facilities is given by RBI
already introduced in India with the Re- to the banks for inter-bank transactions?
serve Bank of India Mobile Payment A. RTGS
Guidelines 2008 to be inter-operable
across banks and mobile operators in a B. SWIFT
safe and secured manner C. M-PESA
B. Making payment simpler just without D. All of the above
the mobile number of the beneficiary
263. Which of the following organistion has
C. To enable bank customers to use mo- won the ‘ISSA Good Practice Award’ for
bile instruments as a channel for access- Administrative Solution for Coverage Ex-
ing their banks accounts and remit funds tension at the “Regional Social Security Fo-
D. To build the foundation for a full range rum for Asia and the Pacific”?
of mobile based Banking services A. RBI
260. Where is the Head Office of UIIC? B. IRDAI
A. Bengaluru C. CII
D. ESIC
B. Mumbai
C. New Delhi 264. Life insurance in its modern form came to
India from England in the year
D. Chennai
A. 1818
261. Many economists, bankers and re- B. 1896
searchers in India often advocate that
banks should equip themselves for new C. 1905
challenges. These challenges are in which D. 1907
of the following shapes/forms?
265. Under provisions of which one of the fol-
1. As India economy is getting increas- lowing Acts has the Reserve Bank of India
ingly integrated with the rest of the has the power to regulate, supervise and
world the demand of the Corporate control the banking sector?
banking is likely to change in terms
of size, composition of services and A. RBI Act
also the quality. B. Banking Regulation Act

31
C. Negotiable Instruments Act 269. Who is Brand Endorsing Personality of

Bank of Baroda?
D. RBI and Banking Regulation Act

A. Juhi Chawla
266. The Reserve Bank of India (RBI) has re- B. Kiran Bedi
cently issued guidelines for asset recon-
struction companies (ARCs) to increase C. Amitabh Bachchan
their investments in security receipts (SRs) D. None of these
with the objective of strengthening the as-
set recovery sector. What is the minimum 270. Banks and other financial institutions in
prescribed percentage of funds that ARCs India are required to maintain a certain
would now have to invest in SRs as di- amount of liquid assets like cash, precious
rected in this RBI guideline? metals and other short-term securities as
a reserve all the time in banking world,
A. 7.50% this is known as
B. 10% A. CRR
C. 15% B. Fixed asset
D. 0.18 C. SLR
D. PLR
267. Which of the following describes Hot
Money? 271. SHG Bank Linkage Programme, initially
1. Flow of funds (or capital) from one launched by
country to another in order to earn A. RBI
a short-term profit on interest rate B. NABARD
differences and/or anticipated ex-
change rate shifts. C. SBI
2. Speculative capital flows that move D. RRBs
very quickly in and out of markets.
3. Capital that is responsible for stabi- 272. Which of the following is introduced by
lizing domestic money market. banks to increase financial inclusion?
A. Stimulus package
A. Only 1 and 3
B. Internet banking
B. Only 2
C. Business correspondent
C. Only 1 and 2
D. Corporate banking
D. Only 1
273. As per the reports in various newspapers
268. Which of the following organisa- many private companies are trying to ob-
tions/agencies has established a fund tain the licences to launch a banking com-
known as Investor Protection Fund? [In- pany in India. Which of the following or-
dian Overseas Bank 2011] ganisations /agencies issue the licence for
A. RBI the same?
A. Securities and Exchange Board of In-
B. SIDBI
dia (SEBI)
C. Bombay Stock Exchange
B. Indian Institute of Banking and Fi-
D. Ministry of Finance nance (IIBF)

32
C. Indian Banks’ Association 278. When was Imperial Bank was changed as
D. None of the given options is true State Bank of India?
A. 1st January 1935
274. RBI generally reviews the Monetary Pol-
icy after every B. 26th February 1947
A. 3 months C. 1st July 1955
B. 6 months D. 1st July 1959
C. 9 months 279. Consider the following statements re-
NARAYAN CHANGDER
D. 10 months garding medium term note (MTN) pro-
gramme:
275. The government of India launched the
1. Medium term note (MTN) is a debt
Stand Up India scheme. The Scheme fa-
bond which usually matures in 5 to
cilitates bank loans between and to
10 years.
at least one Scheduled Caste/Scheduled
2. Recently Union Bank of India has
Tribe borrower and at least one Woman
hit the global debt market to raise
borrower per bank branch for setting up
around USD 500 million through
greenfield enterprises.
bond issuance.
A. Rs. 10 lakh and Rs. 1 crore 3. Medium term note (MTN) is a debt
B. Rs. 5 lakh and Rs. 50 crore and which usually matures in 7 to
12 years
C. Rs. 20 lakh and Rs. 5 crore
Which of the statements given above
D. Rs. 50 lakh and Rs. 10 crore
is/are correct?
276. Which of the following is the core invest- A. 1 only
ment company having total assets of not
less than Rs. 100 crore? B. 2 only
A. Systemically Important Core Invest- C. Both 1 and 2

ment Company D. only 3
B. Infrastructure Debt Fund 280. An EEFC account can be held only in the
C. Infrastructure Finance Company form of a
D. NBFC-MFI A. Saving Account
277. How would you differentiate between a B. Current Account
post office savings account and a savings C. Recurring Deposit Account
bank account? D. Loan Account
A. There is no cheque facility with post of-
fice savings accounts 281. Which of the following is NOT a function
of a bank? [Syndicate 2010]
B. There is no ATM of post offices
A. Providing project finance
C. Banks can pay interest at rates de-
cided by them while post offices have fixed B. Selling Mutual Funds
rate of interest as decided by the govern- C. Deciding policy rates like CRR, Repo
ment Rate/SLR etc
D. Pass books are not issued by post of- D. Settlement of payments of behalf of
fices the customers

33
282. As per the guidelines issued by the RBI, A. Non-banking financial companies ac-
banks are preparing for a service which ceptance of public deposits (Revenue
will allow customers to withdraw uptoRS. Bank) directions 1998

1, 000 using their debit cards from noti- B. Non-banking financial companies ac-
fied shops/stores all over the country. All ceptance of government deposits (Rev-
such shops/stores will have ‘POS’ termi- enue Bank) directions, 1998
nals for the same. What is full form of the
‘POS’? [Allahabad Bank 2010] C. Non-banking financial companies ac-
ceptance of private deposits (Revenue
A. Payment on Sale Bank) directions, 1998
B. Power of Sale D. Non-banking financial companies ac-
C. Point of Sale ceptance of deposits money lenders (Rev-
enue Bank) directions, 1998
D. Payment Order Service
287. What is the silent features of NFS?
283. Which of the following is the sale author-
ity for issue of currency in India? A. NFS has introduced sub-membership
model which enables smaller, regional
A. Government of India
banks including RRBs and local co-
B. Reserve Bank of India operative banks to participate in the ATM
C. Controller of Currency network.
D. All of the above B. NFS has maintained high standards of

application and network uptime of above
284. Once a Budget has been presented in the 99.50% which has helped our member
Parliament, the government has to get all banks ensure enhanced customer experi-
money bills related to the union budget ence.
passed within C. The Dispute Management System
A. 30 Days (DMS), has benefitted members with high
operational efficiency and ease of on-
B. 60 Days
line transaction life cycle management
C. 75 Days (chargeback, representment, etc.) in the
D. 90 Days network apart from being compliant with
local regulatory requirements.
285. A draft issued by the bank has been lost D. All of the above are silent features of
by the payee. He sends a letter to the is- NFS
suing bank to stop payment. Bank will:
A. Note caution and will advice the payee 288. Which of the following is component of
to contact purchaser of the draft capital market?
B. Not act on the request A. Equity market
C. Stop payment B. Debt market
D. Performs no action C. Derivative market

D. All of the above
286. Acceptance of deposits by non-banking fi-
nancial companies is regulated by RBI un- 289. In which of the following, short-term fi-
der: nancial instruments are bought and sold at

34
prices below their redemption value on ma- 294. Who among the following has created the
turity? Logo of Aadhar Card?
A. Secondary market A. AtUl sudhakarrao pandey
B. Discount market B. Nandan Nileknai
C. Gilt repo market C. R Chandra Shekhar
D. Primary capital markets D. None of the Above
NARAYAN CHANGDER
290. Which among the following were the two 295. Kisan Credit Card (KCC) scheme intro-
banks on which initially restrictions were duced in has emerged as an innovative
imposed? credit delivery mechanism to meet the pro-
A. SBI and BOB duction credit requirements of the farmers
in a timely and hassle-free manner.
B. Indian Overseas Bank and PNB
A. 1998
C. Dena Bank and UCO Bank
B. 2000
D. IDBI Bank and UCO Bank
C. 2001
291. What is the maximum deposit amount in-
sured by the DICGC (Deposit Insurance and D. 1991
Credit Guarantee Corporation)?
296. The Clearing Corporation of India Ltd.
A. Rupees One Lakh (CCIL) was set up in
B. Rupees Two Lakh A. December 2010
C. Rupees Three Lakh B. February 1995
D. Rupees Five Lakh C. September 2006
292. What is NOT true with regard to Currency D. April 2001
Chests in India?
297. Which of the Followings are not the Ne-
A. They are managed by different banks gotiable Instruments as defined by the
on behalf of RBI Statute (law)?
B. Deposits in Currency Chests are taken A. Banker’s Note
into account for calculation of CRR (Cash
Reserve Ratio) B. Promissory Note
C. Standard Chartered Bank a Foreign C. Bill of Exchange

Bank also maintains Currency Chest D. Cheques Answer
298. Which of the following are the ways to
293. Which of the following is not a part of repay the personal loan?
the scheduled banking structure in India? A. Equated Monthly Installments via
A. Public Sector Banks Cheques
B. Moneylenders B. Electronic Clearing Services
C. Private Sector Banks C. Cash
D. Regional Rural Bank D. Both A and B

35
299. Which of the following steps should be B. Issue of Currency

taken by investor who wishes to form a C. Export Import
portfolio that lies to the right of the op-

timal risky portfolio on the Capital Alloca- D. Population Control
tion Line?
304. Banking Ombudsman may award compen-
A. Lend some of her money at the risk- sation to the complainant for mental agony
free rate and invest the remainder in the and harassment upto how much amount?
optimal risky portfolio
A. 1 lakh
B. Borrow some money at the risk-free
B. 2 lakh
rate and invest in the optimal risky port-
folio C. 3 lakh
C. Such a portfolio cannot be formed D. 5 lakh
D. None of the above 305. Under the “Income Tax Informants Re-
300. are the market operations conducted ward Scheme, 2018”, a person can get
by the RBI with an objective to adjust the reward up to for giving specific infor-
rupee liquidity conditions in the market on mation in prescribed manner to the des-
a durable basis. ignated officers of Investigation Direc-
torates in Income Tax Department about
A. Open Market Operations (OMOs) substantial evasion of tax on income or
B. Capital Market Operations assets in India which are actionable under
C. When Issued Market the Income-tax Act, 1961.
D. All of the Above A. Rs. 10 lakh

B. Rs. 05 lakh
301. The RBI has imposed a penalty of Rs. 3
crore on state-owned Union Bank of India C. Rs. 50 lakh
for “non-compliance” with the directions D. Rs. 60 lakh
on KYC norms. KYC stands for-?
306. Enumerate the main functions of a banker
A. Know Your Commerce
as per banking regulations act. 1949?
B. Know Your Conclusion
A. Accepting deposit of money
C. Kite Your Customer
B. Advancing of loans
D. Know Your Customer
C. Issuance of letters of credits
302. Which among the following PSBs is not D. Above all
under PCA?
A. UCO Bank 307. The RBI has triggered PCA against
Corporation Bank in view of high non-
B. Oriental Bank of Commerce performing loans and requirement to raise
C. Syndicate Bank capital recently. PCA stands for
D. Dena Bank A. Prompt Corrective Area
303. Fiscal policy is concerned with which of B. Prompt Corrective Action

the following? C. Prompt Concern Action
A. Public Revenue and Expenditure D. Prompt Common Action

36
308. Which of the following clearly define Di- 312. Under provisions of which one of the fol-
rect Housing Finance? lowing Acts does the RBI issue directives
to the Banks in India?
A. It refers to the finance provided to in-
dividuals or groups of individual including A. RBI Act
co-operative societies. B. Banking Regulation Act
B. It is channeled by the way of terms C. Essential Commodities Act
of loans to housing finance institutions,
D. RBI and Banking Regulation Act
housing boards etc.
NARAYAN CHANGDER
C. Bank finance extended to a person 313. Under which act NBFCs are incorporated?
who is already owning a house in the town A. Banking Regulation Act, 1949
of village. B. Companies Act, 1956
D. Both a and c C. RBI Act 1934
309. Special drawing right is an international D. SBI Act 1955
practice of drawing funds. Which of the 314. Which among the following rates is not
following institutions control this special the policy rate of RBI?
finding facility?
A. Repo Rate
A. World Bank
B. Reverse Repo Rate
B. Asian Development Bank
C. Bank Rate
C. Federal Reserve D. Cash Reserve Ratio
D. European Common Market
315. Current Account Deficit on the Balance of
310. What is the type of banking which payment reflects
involves banking services for high net- A. Deficit on Trade Account .
worth clients like corporate, commercial B. Deficit on Invisibles Account.
banks, mid-size companies etc?
C. Deficit on Trade and Invisibles Ac-
A. Retail Banking count.
B. Wholesale Banking D. Deficit onTrade Invisibles and Capital
C. Narrow Banking Account.
D. Merchant Banking 316. What should be the equity participation

by the NBFC of the IDF?
311. The Reserve Bank of India switched back
A. 50-60%
to the Gross Domestic Product (GDP)-
based measure to offer its growth esti- B. 10-20%
mates from the GVA methodology. GVA C. 25-35%
stands for
D. 30-49%
A. General Value Added
317. The term ‘Smart Money” refers
B. Gross Value Added to [IBPS 2012]
C. Gross Vehicle Added A. Foreign Currency
D. Gross Value Agency B. Internet Banking

37
C. US Dollars C. Allahabad Bank

D. Credit Cards D. State Bank of India

318. TDS threshold for deduction of tax on 323. Which organisation has launched a 5G
rent is proposed to be increased from Rs. Use Cases Lab for banking and financial
1, 80, 000 to for providing relief to sector recently?
small taxpayers.
A. NHB
A. Rs.2, 00, 000
B. BRBNMPL
B. Rs.3, 40, 000
C. RBI
C. Rs.2, 40, 000
D. IDRBT
D. Rs.2, 60, 000
319. RBI has raised the limit of collateral-free 324. Aam Admi Bima Yojana has come into ef-
agricultural loans to lakh from the cur- fect from
rent Rs. 1 lakh with a view to help small A. 01st January 2017
and marginal farmer.
B. 01st January 2015
A. Rs 10, 00, 000
C. 01st January 2014
B. Rs 5, 40, 000
D. 01st January 2013
C. Rs 2, 00, 000
D. Rs 1, 60, 000 325. How much GVA growth has been seen in
FY18?
320. Who is the present Managing Director &
A. 6.9 per cent
CEO of Syndicate Bank?
A. Kamal Kishore Singhal B. 6.7 per cent
B. Vandana Kumari Jena C. 6.5 per cent

C. Ajay Vipin Nanavati D. 6.1 per cent
D. Mrutyunjay Mahapatra 326. In which year, Credit Guarantee Corpora-
tion created?
321. Which Bank has launched its Multi Option
Payment Acceptance Device (MOPAD) for A. 1975
digital payments? B. 1971
A. Axis Bank
C. 1975
D. 2001
C. Punjab National Bank
D. ICICI Bank 327. Where was the first society under Coop-
erative Societies Act 1904 registered in In-
322. Which Bank has launched new products dia?
such as pre-approved credit card and UPI
A. Madurai
solution to mark its 124th foundation day
on 12th April 2018? B. Kanjipoorum
A. Bank of Baroda C. Gaya
B. Punjab National Bank D. Panaji

38
328. Regional Rural Banks are classified 1. The Kisan Credit Card (KCC) Scheme
under was introduced in August 2000.
A. Land mortgage Banks 2. Allied and non-farm activities are
also covered under the Scheme.
B. Co-operative Banks 3. Validity period of the KCC is 3 years.
C. Commercial Banks Which of the statements given above
D. Public sector Banks is/are true?
A. Only 1
NARAYAN CHANGDER
329. All venture Capital Funds must be regis-
tered with B. Only 2
A. RBI C. Only 3
B. SEBI
D. All the above
C. Registrar of Companies
D. Either A and B 333. Interest Rate payable on Saving Bank ac-
count is
330. The government has announced an array A. Regulated by RBI
of steps to check the rising Current Account
Deficit (CAD), and the fall in rupee. The B. Regulated by State Government
steps to be taken by the government to C. Regulated by Central Government
attract dollar inflows into the country in-
clude D. Not regulated by RBI
A. Reviewing of mandatory hedging con- 334. ‘Sub Prime Lending’ is a term applied to
dition for infrastructure loans the loans made to [Punjab & Sindh 2011]
B. To permit manufacturing sector enti-
A. those borrowers who do not have a
ties to avail of External Commercial Bor-
good credit history.
rowing (ECBs) up to$ 50 million with mini-
mum maturity of one year, instead of the B. those who wish to take loan against
earlier limit of three years the mortgage of tangible assets.
C. Removal of withholding tax on rupee- C. those who have a good credit history
denominated bonds known as Masala and are known to bank since 10 years.
bonds issued till March 2019
D. those borrowers who are most pre-
D. All of the above ferred customers of the Bank.
331. HDFC Standard Life Insurance has 335. The World Bank has approved Rs.6000
changed its name to following the re- crore to Central Sector Scheme of the Min-
ceipt of relevant approvals from regula- istry of Water Resources, River Develop-
tory authorities. ment and Ganga Rejuvenation for which
A. HDFC Life Financial Ltd scheme?
B. HDFC Mutual Insurance A. Pradhan Mantri Fasal Bima Yojana
C. HDFC Life Cover Limited B. Atal Bhujal Yojana
D. HDFC Life Insurance C. Atal Pension Yojana
332. Consider the following statements D. Pradhan Mantri Garib Kalyan Yojana

39
336. Where is the headquarters of Paschim C. Bank rate

Banga Gramin Bank?
D. Variable reserve requirements

A. Howrah, West Bengal
341. Which one of the following is a private
B. Nagpur, Maharashtra
bank?
C. Dumka, Jharkhand
A. Allahabad bank
D. Bolangir, Odisha
B. Punjab and Sind Bank
337. How much amount has been allocated to C. Punjab National Bank
for Statue of Unity, a statue of Sardar Pa-
tel in Gujarat, in the recent Union Budget D. South Indian Bank
2014-15?
342. The World Bank Group consists of how
A. Rs. 500 Crore many organisations
B. Rs. 100 Crore A. One
C. Rs. 200 Crore B. Two
D. Rs. 150 Crore
C. Three
338. How many branches of Payment banks D. Five
must be in the unbanked rural area?
A. 25% 343. Consider the following statements:
B. 50% 1. The Reserve Bank of India (RBI) has

said the investment limit in the in-
C. 35% flation indexed bonds for individuals
D. 75% has been doubled to Rs 10 lakh.
2. Interest rates on the bonds are
339. Which of the following was set up as linked to Consumer Price Index
a exclusive data communication network (CPI).
for banks in terms of recommendations of
committee on communication network of Which of the statements given above
banks? is/are correct?
A. BANKNET A. 1 only
B. SWIFT B. 1 and 2
C. MICR C. 2 only
D. None of these D. Either 1 or 2
340. Which of the following instruments of 344. Which of the following policies is known
credit control adopted by Reserve Bank as Annual Policy Statement? [Corporation
of India does not fall within ‘general’ or Bank 2011]
‘quantitative’ methods of credit control?
A. Annual budget of GOI
A. Stipulation of certain minimum margin
B. Credit and monetary policy of RBI
in respect of advance against specified
commodities C. Foreign trade policy of DGFT
B. Open market operations D. Regulations issued by SEBI

40
345. What is the full form of ‘FINO’, a term annually by building a natural gas distribu-
we see frequently in financial newspa- tion network for villages.
pers? A. Singapore
A. Financial Investment Network and Op- B. India
erations
C. China
B. Farmer’s Investment in National Orga-
nization D. Japan
NARAYAN CHANGDER
C. Farmers Inclusion News and Opera- 350. Which of the following is NOT a compo-
tions nent of India’s Securities Market?
D. Financial Inclusion Network and Oper- A. Commodity Futures
ations
B. Small Savings in National Saving Cer-
346. According to the Department of Indus- tificates
trial Policy and Promotion data, Foreign C. Government Bonds
Direct Investment, FDI in India rose 23%
to dollars during the April to June quar- D. Corporate Equity
ter of this fiscal (2018-19). 351. Which one of the following whose activi-
A. 32.1 billion dollars ties are not systematically coordinated by
B. 15.9 billion dollars the monetary authority?
C. 12.8 billion dollars I. Organised sector

II. Unorganised sector
D. 57.3 billion dollars III. Co-operative sector
347. Financial assistance for a sum of Rs. 5, Select the correct answer using the codes
000 can be called as? given below
A. Small finance A. Only II
B. Micro finance B. I and III
C. Crazy finance C. Only I
D. Petty finance D. II and III
348. The investments done by “Those financial 352. Which of the following statements re-
entities which were launched or incorpo- garding New Development Bank to be es-
rated in a foreign country but are investing tablished by BRICS nations are correct?
in an Indian venture in India” are generally
1. The headquarter of the bank will be
known as
in Shanghai
A. Patent Money 2. It will provide financial assistance to
B. Private Equity infrastructure projects of BRICS na-
tions only
C. Foreign Institutional Investment 3. The proposal for the bank was first
D. Current Account Money made in 2012 summit in New Delhi.
349. The AIIB has approved its first loan to , Choose the correct code from the options
its largest shareholder, to reduce its de- given below:
pendence on coal by over 600, 000 tonnes A. 1 and 2 only

41
B. 1 and 3 only A. 09th July 1982

C. 2 and 3 only B. 09th July 1992

D. 1, 2 and 3 C. 09th July 1999
D. 09th July 1988
353. What is downpayment?
A. Difference between the total purchase 358. Bajaj Allianz General Insurance has
value and the loan amount entered into a bancassurance deal
with Bank and this corporate agency
B. First EMI of the loan amount
agreement will enable distribution of Ba-
C. Last EMI of the loan amount jaj Allianz General Insurance products
D. None of the above through the bank’s network of 2, 129
branches across the country.
354. Which of the following field Dalal Street
A. Vijaya Bank
in Mumbai is famous?
B. Bank of Baroda
A. NABARD
C. ICICI Bank
B. Stock Exchange
D. Axis Bank
C. RBI
D. SEBI 359. The branding line of Bank of Baroda is
A. International bank of India
355. Direct tax collections grew by nearly 20
per cent between April and January this B. India’s International bank
year with strong growth in both corporate C. Indian’s Multinational Bank
and personal income tax receipts. Which D. World’s local Bank
among the following is not a direct tax?
A. Corporate Tax 360. is the economic device whereby the in-
dividual or business pays a cost (premium)
B. Sales Tax in exchange for protection against finan-
C. Income Tax cial loss.
D. Wealth Tax A. Coverage
B. Insured
356. In which of the following year, Clearing
Corporation of India Limited (CCIL) was set C. Endorsement
up? D. Insurance
A. 2003
361. What is the role of a third-party adminis-
B. 2001 trator in a medi claim policy?
C. 1999 A. Approves the list of hospitals whose
D. 2005 bills are acceptable
B. Scrutinizes the bills submitted by the
357. The proposed merger between Aadhar policyholder for reimbursement
Housing Finance and DHFL Vysya Housing
Finance has hit the final lap with it got C. Does audit work for the insurance com-
the nod from housing finance regulator Na- panies
tional Housing Bank (NHB). NHB was set D. Arranges for the issue of policies after
up on verification of application form

42
362. Life Insurance Corporation of India is an 366. The Overseas Principal should obtain nec-
Indian state-owned insurance group and essary authorisation from the Reserve
investment company. In which year LIC Bank of India under the provisions of
was founded? which Act to commence/operate a pay-
A. 1956 ment system?
A. Reserve Bank of India Act-1934
B. 1952
B. Banking Companies (Acquisition and
C. 1961
Transfer of Undertakings) Act-1970
NARAYAN CHANGDER
D. 1935
C. Banking Regulation (Companies)
363. Most favourable portfolio is proficient Rules, 1949
portfolio with which of the following? D. Payment and Settlement Systems Act
(PSS Act), 2007
A. lowest risk
B. Highest risk 367. Axis Bank Ltd is the third largest of the
private-sector banks in India offering a
C. Highest utility
comprehensive suite of financial products.
D. Least investment What is the tagline of Axis Bank?
364. Consider the following statements: A. Badhti Ka Naam Zindagi

B. Apno Ka Bank
1. Net national product is most appro-
priate method to measure the eco- C. Khayaal Apka
nomic growth of a country. D. Tann. Mann. Dhan
2. Max O Lorenz firstly introduced
Gross domestic product to measure 368. Which of the following is facilitated by
the economic growth of a country. Foreign Exchange Reserves?
Which of the statements given above A. External trade
is/are correct? B. Orderly development
A. Only 1 C. Maintenance of foreign exchange mar-
B. Only 2 ket
C. Both 1 and 2 D. All of the above
D. Neither 1 nor 2 369. SCSS offers regular income, highest

safety and tax saving, making it a popu-
365. FICCI history is closely interwoven with lar product for those over years of age.
India’s struggle for independence, its
A. 64 years
industrialization, and its emergence as
one of the most rapidly growing global B. 62 years
economies. What is meaning of “F” in C. 60 years
FICCI?
D. 65 years
A. Follower
370. Which of the following can be the out-
B. Federal
comes of very high inflation in the econ-
C. Financial omy?
D. Federation 1. Reduction in economic growth.

43
2. Increase in savings. 375. Financial Intelligence Unit-India (FIU-IND)

3. Reduction in exports. was set by the Government of India on
Select the correct answer using the codes 18th November as the central national

below: agency responsible for receiving, process-
ing, analyzing and disseminating informa-
A. 1 and 3 only tion relating to suspect financial transac-
B. 3 and 4 only tions.
C. 2 and 3 A. 2004
D. 1 and 4 only B. 2005
371. Which of the following is not helpful in C. 2006
controlling the money supply?
D. 2007
A. Changes in reserve requirements
B. CRR 376. is a payment system which uses Aad-
har card number and an individuals online
C. Open market policy
UIDAI authentication, which are linked to
D. Bank rate a customers Bank account.
372. Axis Bank is a A. RTGS
A. Public Sector Bank B. NEFT
B. Private Sector Bank C. MTSS
C. Co-operative Bank
D. AEPS
D. Foreign Bank
377. Indian Banking Association has issued ad-
373. Scheduled Banks of India are those banks,
visory requesting banks to waive off the
which are?
processing, documentation, inspection and
A. Included in First Schedule of RBI Act, all other service charges for Kisan Credit
1934 Card and crop loans up to lakh rupees.
B. Not included in First Schedule of RBI A. 15 lakh rupees
Act, 1934
B. 10 lakh rupees
C. Included in Second Schedule of RBI
Act, 1934 C. 5 lakh rupees
D. Not included in Second Schedule of RBI D. 3 lakh rupees
Act, 1934
378. The YH Malegam Committee, which Sub-
374. In April 2013, A Bill has been introduced mitted its report a few yaers back (in
in the Lok Sabha to raise the authorised 2010), was set-up to report on further im-
capital of the Regional Rural Banks to provement of the functioning of
Rs
A. Micro Finance Institutions
A. 1000 Crore
B. 500 Crore B. Stock Exchanges in India
C. 2500 Crore C. Cooperative Banks
D. 5 Crore D. Regional Rural Banks

44
379. The Oldest Joint Stock Bank of the Coun- B. Towards the close of the Second Five
try, Allahabad Bank was founded on April Year Plan
24, 1865 by a group of Europeans at Al- C. Towards the close of the Plan Holiday
lahabad. Where is the head office of Alla- in Indian Economy
habad Bank?
D. Towards the end of the Eight Five Year
A. Bengaluru Plan
B. Mumbai
384. Which of the following sector(s) make(s)
NARAYAN CHANGDER
C. New Delhi maximum contribution to the national in-
D. Kolkata come of india?
A. Services
380. Who is entrusted with the power to lay
down instructions to the banks in India for B. Agriculture
audits? C. Industry
A. RBI D. Both Agriculture and Industry
B. Finance Ministry
385. Which organisation is a policy think tank
C. State Government of the Government of India, established
D. None with the aim to achieve Sustainable De-
velopment Goals and to enhance coopera-
381. Name the person, who is Managing Direc- tive federalism by fostering the involve-
tor & Chief Executive Officer of National ment of State Governments of India in
Housing Bank? the economic policy-making process using
A. Arundhati Bhattacharya a bottom-up approach?
B. SS Mundra A. RBI
C. Yaduvendra Mathur B. IRDAI
D. Sriram Kalyanaraman C. NITI Aayog

D. Planning Commission
382. Section 9 of the Banking Regulation
Act prohibits the banking Companies from 386. The Insurance Regulatory and Develop-
holding any immovable property except ment Authority of India is an autonomous,
for its own use for a period of not more statutory body tasked with regulating and
property. The RBI may extend this period promoting the insurance and re-insurance
for a further period of : industries in India. IRDAI was established
A. 2 years in
B. 4 years A. 2001
C. 5 years B. 1999
D. 6 years C. 2000
D. 1992
383. When did the Lead Bank Scheme reduce
the developmental gap between different 387. First bank operated by Indians on limited
regions of the country launched in India? liability basis was
A. Towards the end of First Five Year Plan A. Punjab National Bank

45
B. Oudh Commncial Bank 392. Paytm has set up a new entity called
C. Allahabad Bank Paytm Money Ltd that will offer invest-
ment and wealth management products

D. Imperial Bank of India and will invest close to upfront in the
new entity.
388. The opening of branches by banks is gov-
erned by the provisions of A. $ 20 million
A. Section 23 of the Banking Regulation B. $ 10 million
Act, 1949 C. $ 30 million
B. Section 24 of Reserve Bank of India D. $ 05 million
Act, 1934
393. Reason for cost push inflation is
C. Section 131 of the Negotiable Instru-
ments Act, 1881 A. increase in wage rate
D. Section 45 and Bank Nationalisation B. increase in interest rate
Act, 1969 C. increase in the price of raw material
389. The Banking Regulation Act was initially D. increase in indirect tax
passed by what name?
394. Gross Domestic Product is a measure
A. Banking Firms Act, 1949 of
B. Banking Companies Act, 1949 A. a country’s internal trade relation
C. Banking Units Act, 1949 B. a country’s domestic economic activi-
D. None ties
C. a country’s financial position
390. As we all know, more and more coun-
D. a country’s foreign trade relation
tries/organisations are now going for non-
cash transactions and accordingly banks 395. The Government of India, the concerned
have launched many new products in the State Government and the bank, which
market for the same. Which of the fol- had sponsored the RRB contributed to the
lowing products is a non-cash transaction share capital of RRBs in the proportion
product? of respectively.
A. Only ATM Card A. 50%, 15% and 35%
B. Only Credit Card B. 50%, 35% and 15%
C. Only Smart Card C. 35%, 50% and 35%
D. All are non-cash transaction products D. 15%, 50% and 35%
391. When examining for deficiencies of stock, 396. Which of the following markets are open
a firm would not make allowances for to specific investors who buy securities di-
which of the following? rectly from the issuing company?
A. Changes in market conditions A. Tertiary markets
B. Stealing by customers B. Primary markets
C. Thefts by employees C. Secondary markets
D. Wastage of goods D. None of the above

46
397. Expand the term SWIFT. 401. What is a RS.RS.Payment Obligation”?

A. Society for Worldwide International Fi- A. ontractual obligations of bank to pay
nancial Telecommunications an amount owed to another bank
B. Society for Worldwide Interbank Fi- B. contractual obligations of a Person to
nancial Telecommunications pay an amount owed to another
C. Society for Worldwide International Fi- C. obligations of a Person to pay an
nancial Transfers amount distributed in a group
NARAYAN CHANGDER
D. Society for Worldwide Interbank Fis- D. none of the above
cal 402. Yes Bank Ltd has named one of its In-
dependent Directors as the bank’s part-
398. To control inflation the central bank
time non-executive independent chairman.
should
A. Mukesh Sabharwal
A. Sell government securities and de-
crease bank rate B. Brahm Dutt
B. Sell government securities and in- C. Rana Kapoor

crease bank rate D. Subhash Kalia
C. Purchase government securities and 403. Which is not an example of near money?
increase bank rate
A. Bill of exchange
D. Purchase government securities and
B. Govt. bonds and debentures
to decrease bank rate
C. Equity shares of Ranbaxy company lim-
399. The Union Government has unlocked ited
green funds worth over Rs crore to in- D. Treasury bills of the Government of In-
crease the country’s forest cover. dia
A. Rs 10, 000 crores
404. Which of the following Bank has al-
B. Rs 54, 000 crores lowed the amalgamation of its wholly own
C. Rs 66, 000 crores subsidiary-All Bank Finance Ltd (ABFL)-
with the lender by Ministry of Corporate
D. Rs 30, 000 crores Affairs recently?
400. By increasing repo rate, the econ- A. Corporation Bank

omy may observe the following B. Bank of Baroda
effects [IBPS 2012] C. Punjab National Bank
A. Rate of interest on loans and advances D. Allahabad Bank
will be costlier
405. The government of India gets crore
B. Industrial output would be affected to
from Bharat-22 ETF by additional offering.
an extent
A. Rs.90000 crore
C. Banks will increase rate of interest on
deposits B. Rs.80000 crore
D. Industry houses may borrow money C. Rs.50000 crore

from foreign countries D. Rs.10000 crore

47
406. National Bank for Agriculture and Ru- Select the correct answer using the codes
ral Development (NABARD) is an apex given below
development financial institution in India.

A. Only I
Where is the Head Office of NABARD?
B. Only II
A. Lucknow
B. Chennai C. Only III
C. New Delhi D. Both II and III

D. Mumbai 411. There are several direct and indirect in-
struments that are used for implementing
407. One of the major challenges banking
monetary policy. Which among the follow-
industry is facing these days is money
ing is not them?
laundering. Which of the following
acts/norms are launched by the banks to A. Market Stabilisation Scheme
prevent money laundering in general?
B. Tax Deducted at Source
A. Banking Regulation Act
C. Cash Reserve Ratio
B. Know Your Customer Norms
D. Marginal Standing Facility
C. Negotiable Instrument Act
D. Narcotics and Psychotropic Substance 412. PMJDY offers unbanked persons easy ac-
Act cess to banking services and awareness
about financial products through financial
408. With which bank the ING Vysya Bank got literacy programmes. In addition, they
merged in 2016? receive a RuPay debit card, with inbuilt
A. Kotak Mahindra Bank accident insurance cover of , and ac-
cess to overdraft facility upon satisfac-
B. Yes Bank
tory operation of account or credit history
C. HDFC of months.
D. Axis Bank A. 1 lakh, 6 months
409. is an integrated bill payment system B. 7 lakh, 3 months
which will offer inter operable bill pay- C. 5 lakh, 4 months
ment service to customers online as well
as through a network of agents on the D. 3 lakh, 10 months
ground.
413. ULIP is a life insurance product, which
A. BBPS provides risk cover for the policy holder
B. IMPS along with investment options to invest in
C. AEPS any number of qualified investments such
as stocks, bonds or mutual funds. What is
D. APBS the full form of ULIP?
410. Which of the following is known as Plas- A. Unit Linked Insurance Policy
tic Money?
B. Unit Linked Instant Plan
I. Demand Draft
C. Universal Linked Insurance Plan
II. Credit Card
III. Debit Card D. Unit Linked Insurance Plan

48
414. The market which expects the prices of 419. The tax on Import and Export is known
shares go up in the market is called as
A. Depressed market A. Income Tax
B. Bull market B. Trade Tax
C. Duck market C. Custom duty
D. Bear market D. Commercial Tax
NARAYAN CHANGDER
420. The AIIB is a multilateral development
415. What was the statutory cash reserves
bank that aims to support the building
requirement originally when the Banking
of infrastructure in the Asia-Pacific region.
regulations Act was passed in 1949?
AIIB stands for
A. 2% of demand liabilities and 5% of time
A. Asian Infrastructure Investment Bank
liabilities
B. African Infrastructure Investment
B. 5% of demand liabilities and 2% of time
Bank
liabilities
C. Asian International Investment Bank
C. 5% of demand liabilities and 5% of time
liabilities D. Asian Indian Investment Bank
D. 5% of demand liabilities and 5% of time 421. Which of the following Bank has part-
liabilities nered with credit profiler CreditVidya to
improve the lender’s customer experience
416. Who among the following issues metallic recently?
coins in India?
A. Yes Bank
A. RBI
B. RBL Bank
B. Government of India C. Karnataka Bank
C. Banks and financial institutions D. South Indian Bank
D. Any of the above can issue it.
422. What is the objective of the government
417. Objective of monetary policy of RBI is to behind setting up a Minimum Export Price
(MEP) for a particular commodity?
A. control inflation
A. To promote import
B. discourage hoarding of commodities
B. To promote exports
C. encourage flow of credit into ne-
C. To check price rise
glected sector
D. To help exporters
D. All of the above
423. Name the person, who has been ap-
418. Which of the following is not the name of pointed as CEO and MD of Bank of Maha-
a Banking Organisation? rashtra?
A. HDFC A. Ashok Kumar Pradhan
B. IDBI B. SS Mallikarajuna Rao
C. YES C. AS Rajeev
D. SEBI D. S Harisankar

49
424. Travellers cheque is 429. In the capital market, the term arbitrage
A. a supplementary credit card is used with reference to

B. a cheque issued by a bank or finance A. purchase of securities to cover the
institution which functions as capital sale
C. a certificate issued by a bank or fi- B. sale of securities to reduce the loss on

nance institution in lieu of cash purchase
D. a prepaid instrument issued by a bank C. The simultaneous purchase and sale of

or finance institution which can be substi- an asset to profit from an imbalance in the
tute of cash price
D. variation in different markets
425. RuPay debit card is similar to which of
the following? 430. Which organisation has slapped a Rs1-
A. Singapore’s NETS crore penalty on Syndicate Bank and Rs20
lakh on Axis Bank for violating norms re-
B. China’s UnionPay cently?
C. Both A and B A. NABARD
D. None of The Above B. RBI
426. A fixed deposit receipt is kept with the C. SEBI
bank for its safety, is known as ? D. TRAI
A. Safe custody
431. As we all know, the Bank Rate at present
B. Safe deposit is fixed at 6% . What does it mean in con-
C. Locker text to the banking operations?
D. Valid safe deposit A. No bank will be able to give loan to any
patron at a rate lower than the Bank Rate.
427. The Reserve Bank of India has imposed a
B. Bank should give loan to their priority
monetary penalty of on IDFC Bank for
sector customers/borrowers at the rate
contravention of regulatory restrictions
of 6% only. They cannot charge less or
pertaining to loans and advances.
more than this from their priority sector
A. Rs 2 crore clients.
B. Rs 4 crore C. Banks are required to invest 6% of
C. Rs 10 crore their total capital on financial inclusion
and inclusive banking operations.
D. Rs 6 crore
D. Banks will be required to give 6% of
428. Which of the following is not a compo- their total deposits to the Govt. of India
nent of foreign aid of a country? for meeting its Balance of Trade require-
A. Bilateral grant ments.
B. Multilateral grant 432. Who is the final authority for deciding the
C. Loans from international financial in- design, form and material of bank notes?
stitutions A. Central Government
D. Commercial borrowing B. Reserve Bank of India

50
C. Indian Banks Association 437. ‘Open Market operation’ is a part of

D. Note Issuing Authority of India A. Labour Policy
B. Fiscal Policy
433. In which among the following year Asia’s
C. Monetary and Credit Policy
first Export Processing Zone (EPZ) was
set up? D. Income Policy
A. 1959 438. Aam Aadmi Bima Yojana is a social se-
curity scheme introduced by the Govern-
NARAYAN CHANGDER
B. 1971
ment of India. The beneficiaries can ap-
C. 1965 ply for this scheme without any cost as
D. 1956 the specified premium amount of is mu-
tually shared by the Central and State Gov-
434. Which one of the following groups of ernments.
items is included in India’s foreign ex- A. Rs 500
change reserves? B. Rs 200
A. Foreign-currency assets, Special C. Rs 700
Drawing Rights (SDRs) and Loans from
D. Rs 400
foreign countries.
B. Foreign-currency assets, Gold hold- 439. Basel-II norms are associated with sec-
ings of RBI and Special Drawing Rights tor.
(SDRs) A. Banking
C. Foreign-currency assets, Loans from B. Insurance
the World Bank and Special Drawing C. Share
Rights (SDRs)
D. All of the above
D. Foreign-currency assets, Gold hold-
ings of RBI and Loans from the World 440. Indian Overseas Bank is a major pub-
Bank. lic sector bank based in Chennai. Who
is present MD & CEO of Indian Overseas
435. The headquarters of IMF and World Bank Bank?
are located at A. PS Jayakumar
A. Geneva and Montreal B. T C A Ranganatha
B. Geneva and Vienna C. R Subramaniakumar
C. New York and Geneva D. Sunil Mehta
D. Washington DC 441. IFFCO Tokio General Insurance has

launched ‘bank locker protector policy’,
436. RD Account stands for the first stand-alone bank locker cover
offered by any insurance company with
A. Resident Deposit Account a plan to protect the contents of a bank
B. Recurring Deposit Account locker such as jewelry, title documents,
and other valuables. Where is the head-
C. Regional Deposit Account
quarters of IFFCO Tokio General Insur-
D. Regular Deposit Account ance?

51
A. Pune 446. According to the Banking Regulation Act,

B. Lucknow nationalized bank can release a share of
total paid up capital up to maximum ceil-

C. Hyderabad ing of
D. Gurugram A. 40%
442. IRDAI has directed all third-party in- B. 49%
surance companies to include vehicle in-
C. 51%
surance policies cover to vehicle owners-
drivers of all vehicles (two-wheelers, D. 73%
three-wheelers, passenger vehicles and
commercial vehicles) for an additional pre- 447. Name the insurance that is refers to lia-
mium of bility insurance that is in excess of speci-
fied other policies and also potentially pri-
A. Rs 500
mary insurance for losses not covered by
B. Rs 750 the other policies.
C. Rs 10000 A. Life Insurance
D. Rs 1000 B. Travel Insurance
443. In which year the Reserve Bank of India C. Motor Insurance
(RBI) Act, 1934 was amended to provide
D. Umbrella Insurance
a statutory basis for the implementation
of the flexible inflation targeting frame- 448. Many times we see in newspapers that
work? some projects are launched by the Govt au-
A. May 2013 thorities on ‘PPP’ basis. What is the full
B. May 2014 form of ‘PPP’?
C. May 2015 A. Preferential Payment Plan
D. May 2016 B. Public Private Partnership

C. Partial Payment Project
444. Which among the following organisation
to provide Rs 30, 000 crore credit to farm- D. Popular Private Project
ers for irrigation?
449. What is an Indian Depository Receipt?
A. NABARD
[BOB 2008]
B. RBI
A. A deposit account with a public Sector
C. SBI Bank
D. PNB B. A depository account with any of the
Depositories India
445. When the Reserve Bank desires to re-
strict expansion of credit it C. An instrument in the form of deposi-
A. raises the bank rate tory receipt created by an Indian depos-
itory against underlying equity shares of
B. reduces the bank rate the issuing company
C. freezes the bank rate D. An instrument in the form of deposit
D. None of the given options is true receipt issued by Indian depositories

52
450. How many Credit Rating Agencies are 455. A bank normally does not have to deal
there in India? with an issue related to
A. 3 A. payments and settlement systems
B. 6 B. contractual rights of creditors
C. 7 C. intellectual property rights
D. 9 D. cases of insolvency
NARAYAN CHANGDER
451. Monetary Policy Committee (MPC) of RBI 456. The country’s First ever socio-economic
has increased the policy Repo Rate un- and caste census to identify people living
der the liquidity adjustment facility (LAF) below poverty line was recently started
by 25 basis points to percent in the from a tribal village Sankhola in
Second Bi-monthly Monetary Policy State-
A. Tripura
ment (2018-19).
B. Assam
A. 5.75 percent
C. West Bengal
B. 6.25 percent
C. 6.50 percent D. Maharashtra
D. 6.75 percent 457. As per the decision taken by the Govern-

ment of India, now the National Rural Em-
452. Name the country that has agreed to ployment Guarantee Act is extended to all
sign a trade deal with the United States the districts of India. This means it will
and Mexico, revamping the North Ameri- now be applicable to about.
can Free Trade Agreement (NAFTA) after
almost a year of negotiations. A. 200 districts
A. France B. 300 districts
B. India C. 400 districts
C. Canada D. 600 districts
D. Japan 458. Which of the following is a correct state-
ment? [IBPS 2011]
453. Invisible export means export of
A. Normally no interest is paid on current
A. Services
deposit accounts.
B. Prohibited goods
B. Interest is paid on current accounts at
C. Unrecorded goods the same rate as term deposit accounts.
D. Goods through smuggling C. The rate of interest on current account
and savings account are the same.
454. Which of the following mobilise (s) the
savings of the public to specifically invest D. No interest is paid on any deposit by
in the industrial securities? the bank.
A. U T I 459. Which of the following institute is the
B. L I C regulator of the housing finance in India?
C. G I C A. RBI
D. All of these B. CIBIL

53
C. SEBI 1. multiple delivery channels to the cus-

D. NHB tomers.
2. better MIS and reporting to external

460. Survey points out for the first time in In- agencies such as government, RBI,
dia’s history that five States Maharashtra, etc.
Gujarat, Karnataka, Tamil Nadu and Telan- 3. better asset liability management
gana account for a whopping of India’s and risk management by banks.
exports. Select the answer from the codes given be-
A. 50% low:
B. 80% A. 1 and 2
C. 70% B. 2 and 3
D. 40% C. 1 and 3
D. All of the above
461. The growth rate in FEEs in rupee terms
in January 2018 over January 2017 465. How many banks were fined by the Re-
was compared to the growth of 18.0% serve Bank of India (RBI) on 25 July 2014
in January 2017 over January 2016. for violating central bank rules in the case
A. 9.30% of Deccan Chronicle Holdings?
B. 9.70% A. Ten
C. 9.90% B. Eleven
D. 9.10% C. Twelve
D. Thirteen
462. Reserve bank of India, in regard to RTGS,
has decided that 466. Headquarters of National Council of Ap-
A. There would be accessible to all retail plied Economic Research (NCAER) is lo-
customers. cated in
A. Mumbai
B. There would be no floor ceiling for
routing transactions through RTGS B. New Delhi
C. Settlement of transactions of the C. Hyderabad
clearing corporations of India and the D. Chennai
stock market would be conducted through
RTGS. 467. The CBDT has released time-series data
as updated up to FY 2017-18 and income-
D. All of the above
distribution data for AY 2016-17 and AY
463. In the context with Investment what are 2017-18. The number of persons filing re-
A, AA+ and AAA? turn of income has also increased during
this period from 3.31 crore in FY 2013-14
A. Stock exchange Index
to crore in FY 2017-18.
B. Credit ratings
A. 14.18 crore
C. Market stability Index B. 17.44 crore
D. Profit equity Index C. 08.23 crore
464. Core Banking Solution(CBS) provides: D. 05.44 crore

54
468. Shaktikanta Das is the governor of the government services are available to citi-
Reserve Bank of India. zens electronically?
A. 26th A. Digital India Project
B. 24th B. Adhunik Bharat Project
C. 27th C. Digital Bharat Project
D. 25th D. Nav Bharat Nirmaan Project
NARAYAN CHANGDER
469. Where is the headquarter of SBI located 474. Name the company that became the first
in India? US-based company with a market value
of$ 1 trillion.
A. New Delhi
A. IBM
B. Bangalore
B. Microsoft
C. Chennai
C. Apple
D. Mumbai
D. Dell
470. How many times has financial emergency
been declared in India so far? 475. The EXIM bank of India was established
in
A. 5 times
A. 1964
B. 4 times
B. 1970
C. Once
C. 1982
D. Never
D. 1984
471. Where is the headquartered of Andhra
Bank? 476. is a financial market in which share
prices are rising or expected to rise.
A. Hyderabad
A. Bear Market
B. Mengaluru
B. Bull Market
C. Pune
C. Pig Market
D. Gurugram
D. High Market
472. Which of these DFI was primarily set up
for the development of the Micro, Small 477. Marg ERP limited, a leading Inventory
and Medium Enterprise (MSME) sector? and Accounting software solution company
has partnered with which Bank to offer
A. NABARD
an integrated payments platform to Mi-
B. IDBI cro, Small and Medium Enterprise (MSME)
C. SIDBI customers, using MARG’s accounting soft-
ware?
D. IFCI
A. SBI
473. What is the name of the ambitious e- B. ICICI Bank
governance project of the Union Govt.,
which was approved by the Union Cabi- C. PNB
net recently and which aims to ensure that D. Axis Bank

55
478. The central banking functions in India are 482. Which company will acquire seven IBM
performed by the products by mid-2019 for$ 1.8 billion
(over Rs 12, 700 crore) in its biggest ever

1. Central Bank of India
2. Reserve Bank of India acquisition so far?
3. State Bank of India A. Sony
4. Punjab National Bank
B. TCS
A. 1, 2 and 3
C. HP
B. 2
D. HCL
C. 1
483. Which of the following is NOT a Govt-
D. 2 and 4
sponsored organisation?
479. GDP growth as a measure of develop- A. Small Industries Development Bank of
ment is unreliable because India
1. it does not include environmental B. NABARD
degradation.
2. it does not measure growth in in- C. National Housing Bank
comes. D. ICICI Bank
3. it does not measure increase in jobs.
484. National Housing Bank (NHB), a wholly
owned subsidiary of
given below:
A. RBI
A. 2 and 3
B. 1 and 2
C. IRDAI
C. 1 and 3
D. Only 3 D. State Government
480. World’s first Bank Agnostic Instant Funds 485. Name the company, which has acquired
Transfer Platform using Facebook launched Finnish company Fluido, a top consulting
by partner of Salesforce, for 65 million euros
(about Rs 545 crore).
A. ICICI Bank
A. TCS
B. Kotak Mahindra Bank
B. Infosys
C. IndusInd Bank
C. Wipro
D. Central Bank
D. Reliance Industries
481. IRDA with its headquarters at is the
Regulatory Authority for all insurance com- 486. Under the Ombudsman scheme for NBFC,
panies in India including the Life Insurance who is the appellate authority for handling
Corporation of India. the complaints?
A. Hyderabad A. Any Judge of Supreme Court
B. Bengaluru B. Deputy Governor
C. Mumbai C. Finance Secretary
D. Delhi D. Chief General Manager, RBI

56
487. As we know, the RBI is the apex bank of 492. Which one of the following countries
India. Similarly, the apex Bank of the USA has launched the “Operation Barkhane” a
is called counter terrorism operation in against Is-
A. Federal Reserve lamist militant in Northern Africa?
B. The Central Bank of USA A. USA
C. Bank of America B. Russia
D. Central National Bank of USA C. France
NARAYAN CHANGDER
D. Germany
488. MMID stands for
A. Mobile Money Interface 493. Where was Citi Bank India first estab-
lished its office in 1902?
B. Mobile Management Identifier
A. Calcutta
C. Mobile Money Identifier
B. Bombay
D. Mutual Money Identifier
C. Madras
489. Which of the following would not make a D. Dhaka
distinction between a hire purchase and a
RS.normal’ purchase? 494. The Payment of Gratuity (Amendment)
A. Purchaser pays for item by instal- Bill, 2017 aims at increasing the upper ceil-
ments over a period of time ing of the gratuity from the present 10
lakh rupees to for employees in the pri-
B. Asset does not belong to purchaser vate sector and in Public Sector Undertak-
when delivery is received from supplier ings at par with Central Government em-
C. Cost to buyer is likely to be higher than ployees.
it would be for a normal purchase A. 20 lakh rupees
D. Trade discounts cannot be offered on B. 25 lakh rupees
hire purchase
C. 12 lakh rupees
490. Which Bank has launched its mobile bank- D. 15 lakh rupees
ing app called BPay recently?
A. AU Small Finance Bank 495. FATF stands for
B. India Post Payments Bank A. Financial Action Trade Force
C. Fino Payments Bank B. Financial Asset Task Force
D. Airtel Payments Bank C. Financial Asset Trade Force

D. Financial Action Task Force
491. RBI was granted a licence to small Fi-
nance Banks for the commencement of 496. Microcredit is defined as
banking business under Section of the A. It is the small credit given to poor.
Banking Regulation Act, 1949.
B. It is the instalment given by Farmers
A. Section 38(3) against Loan.
B. Section 22(1) C. It is the amount given by Govt. for
C. Section 47(4) Small Industries Development.
D. Section 12(2) D. None of these.

57
497. A non-negotiable crossing is a 503. Which are the banks covered under the
A. Restricted crossing Banking Ombudsman Scheme, 2006?

B. Special crossing A. Scheduled Commercial Banks
C. Non-transferable crossing B. Regional Rural Banks
D. None of these C. Scheduled Primary Co-operative

Banks
498. SEBI is related to
D. All of these
A. Bank
504. Which of the following would be treated
as an unsecured loan?
C. Share Market
A. Agricultural loan
D. State Government
B. Personal loan
499. Which nationalised bank was merged C. Educational loan
with Punjab National bank in 1993?
D. Vehicle loan
A. Punjab and Sind Bank
B. Ludhiana Area bank 505. In the opinion of the Governor of Reserve
Bank of India, which one of the following
C. Majha united bank is the reason owing to which india’s infla-
D. New Bank of India tion is accelerating?
500. Which of the following is not an orga- A. Excess liquidity in market.

nized sector in India? B. Speculation in essential goods
A. Nationalised Bank C. Higher Food cost
B. Regional Rural Banks D. Commodities Futures
C. Cooperative Banks
506. Which of the following is true about mer-
D. Chits and Money Lenders chant bank?
501. In India, Fixed Fiduciary System of note A. Underwrites securities for corpora-
issue was in force from tions
A. 1816 to 1920 B. Advice clients on mergers
B. 1920 to 1945 C. Involved in ownership of commercial
C. 1945 to 1950 ventures
D. 1947 to 1952 D. All of the above
502. In Negotiable Instruments Act, the 507. Functions of NBFC includes

Cheque is covered under which section? A. Equipment Leasing
A. Section 4 B. Term Deposits
B. Section 5 C. Housing Finance & Investment in Fi-
C. Section 6 nancial Securities
D. Section 13 D. A & C

58
508. Where is the headquarters of Federal 513. Accounts are allowed to be operated by
Bank located? cheques in respect of [IBPS 2011]
A. Kerala A. Both savings bank accounts and fixed
B. Tamil Nadu deposit accounts
C. Gujarat B. Savings bank accounts and current ac-

counts
D. West Bengal
C. Both savings bank accounts and loan
NARAYAN CHANGDER
509. Markets in which derivatives are traded, accounts
are classified as which of the following?
D. Both savings bank accounts and cash
A. assets backed market accounts only
B. cash flow backed markets
514. The sensitive Index of National Stock Ex-
C. mortgage backed markets change of India is popularly known as
D. derivative securities markets A. Sensex
510. Which Bank has become the first domes- B. CRIS
tic bank to link the interest rate it offers
C. Nifty
on savings account deposits to an exter-
nal benchmark-the Reserve Bank of India’s D. CSE
repo rate?
A. Indian Bank 515. An agreement, which in fact is a con-
tract, between the RBI and Banks for the
B. Punjab National Bank sale and repurchase of Govt securities and
C. Bank of Baroda shortterm treasury bills at a future date
and for which the RBI indicates “the in-
D. State Bank of India terest rate”, is generally known as [RBI
2009]
511. ‘Economic Development’ is a
1. Continuous process A. Repo Rate
2. Short-term process B. Bank Rate
3. Long term process
C. Reverse Repo Rate
A. Only 3
D. Prime Lending Rate
B. 1 and 3
C. Only 1 516. is a simple rule for monetary policy ac-
cording to which the central bank manages
D. 1 and 2
monetary aggregates as operating and/or
512. What is the minimum start up capital intermediate target to influence the ulti-
fixed for Local Area Capital Banks? mate objective, price stability.
A. Rs 1 crore A. Monetary aim

B. Rs 2 crore B. Monetary targeting
C. Rs 5 crore C. Monetary ambition
D. Rs 10 crore D. Monetary rule

59
517. Softbank has made its biggest invest- C. Public Sector Banks
ment in an Indian digital enterprise by seal- D. Non-banking Financial Corporations
ing a funding round of Rs 9, 000 crore

($1.4 billion) in mobile payments provider 522. The individual investor’s optimal portfo-
Paytm. Softbank is based in lio is designated by which of the follow-
A. Austria ing?
B. Japan A. The point of tangency with the oppor-

tunity set and the capital allocation line
C. Hong Kong
B. The point of highest reward to variabil-
D. China ity ratio in the opportunity set
518. Name the lender that has recently C. The point of tangency with the indiffer-
launched its Interactive Robotic Assistant ence curve and the capital allocation line
(IRA) 2.0, its interactive humanoid at the D. The point of the highest reward to vari-
Koramangala Branch in Bengaluru. ability ratio in the indifference curve
A. ICICI Bank 523. As we all know in India currency market
B. HDFC Bank is regulated by the Reserve Bank of India
C. Karnataka Bank (RBI), while “currency futures” are jointly
regulated by the RBI and which of the fol-
D. Axis Bank lowing other banks?
519. According Negotiable Instruments Act, A. NABARD
what is a Promissory Note? B. SlDBI
A. A document written and Signed by the C. SEBI
payer/maker
D. State Bank of India
B. Containing an unconditional undertak-
ing 524. In one of his speeches, Pranab Mukherjee
said that the government has no plans to
C. To pay a certain sum of money only to
dilute the roles of market regulators. This
a specific person or the bearer
means, the role of which of the following
D. All of the above will not be diluted?
520. What are the advantages of RuPay Card? A. Life Insurance Corporation of India
(LIC)
A. Lower cost and affordability
B. Confederation of Indian Industry (CII)
B. Customized product offering
C. Federation of Chambers of Commerce
C. Protection of information related to In- and Industry (FICCI)
dian consumers
D. Securities and Exchange Board of In-
D. All of the above dia (SEBI)
521. Recently, RBI has proposed setting up of 525. Where does the headquarters of Brick-
a trade Receivables and credit exchange work Ratings India Private Limited situ-
(TCE) for financing? ated?
A. Regional Rural Banks A. Bangalore
B. Micro, Small and Medium Enterprises B. Hyderabad

60
C. Mumbai 530. RBI has permitted non banking fi-

D. New Delhi nance companies (NBFCs) to enter
the business through the joint venture
526. ‘Basel III’ norms target at which of the route.
following? A. Mutual Fund
1. Improve the banking sector’s ability B. Insurance
to absorb shocks arising from finan-
C. Universal Banking
cial and economic stress.
NARAYAN CHANGDER
2. Improve risk management and gov- D. Merchant Banking
ernance. 531. Which of the following is a fully-owned
3. Strengthen banks’ transparency. subsidiary of RBI?
Choose the correct answer using the codes A. NHB
given below:
B. DICGC
A. 1 only
C. BRBNMPL
B. 1 and 2 only D. All of the above
C. 1 and 3 only
532. As reported in the newspapers, China has
D. 1, 2 and 3 asked its banks to put 12.5% money in-
stead of earlier 12% as CRR. This correc-
527. Upper limit prescribed for RTGS transac-
tion in CRR has been made for the seventh
tion is
time in past one year. Why did China have
A. 2 lacs to take this step again and again and so
B. 5 lacs frequently? [OBC 2008]
C. No upper limit is prescribed 1. It will put a curb on lending of money
by the banks.
D. 50 lacs 2. It will help Govt of China to tame
528. Who among the following has been the rate of inflation.
elected as the Vice President of Federation 3. It will help the poor to get easy
of Indian Chambers of Commerce and In- loans at cheaper rates from the
dustry (FICCI) for 2018-19? banks as higher CRR brings more
money for activities of the social sec-
A. Uday Shankar tor.
B. Karuna Nundy A. Only 1 is correct
C. Mukul Rohatgi B. Only 2 is correct
D. Madan Lokur C. All the above are correct
529. For a closed economy having no foreign D. Both 1 & 2 are correct
trade which one of the following is cor- 533. What is the base year for WPI (Whole
rect? Sale Price Index)?
A. GDP > GNP GNP A. 2004-05
B. GDP ‘ GNP B. 2003-04
C. GDP < GNP C. 2002-03
D. None of these D. 2005-06

61
534. What is the objective of Kisan call centre? riverbank protection works, renovation
A. To ensure the supply of fertilizer to of flood embankments in critically flood-
prone areas in

farmers on suitable rates
B. Distribution of HYV seeds A. Bihar
C. To provide agriculture credit at conces- B. Assam
sional rate C. Kerala
D. To provide consultancy service related
D. Puducherry
to agriculture
535. Department of Post’s (DOP) MMT is a 539. is the method by which firms evaluate
service that enables instant money trans- potential losses and take action to reduce
fer from one place to another place using or eliminate such threats.
mobile, through Indian post offices. What A. Risk Retention
is the meaning of “T” in MMT?
B. Risk Management
A. Trust
C. Risk control
B. Transfer
C. Timely D. Risk Transfer
D. Transaction 540. BoP (Balance of Payment) refers to

536. refer to both scheduled and non- A. transactions in the flow of capital
scheduled commercial banks which are
B. transactions relating to receipts and
regulated under Banking Regulation Act,
payment of invisible
1949.
A. State Bank of India and its Associates C. transactions relating only to exports
and imports
B. Foreign Banks
D. All of the above
C. Regional Rural Banks
D. Commercial Banks 541. The foreign exchange rate is dependent
on which of the following?
537. PNB Housing Finance Ltd has tied up with
International Finance Corporation (IFC), A. Government policies
part of the World Bank Group, to raise$ B. Monetary policy directives
800 million for green and affordable hous-
ing in India. Where is the headoffice of C. Demand and supply forces
IFC? D. Foreign exchange reserves
A. Geneva
542. Which organisation carry out open mar-
B. London
ket operations?
C. Paris
A. SEBI
D. Washington, D.C.
B. SIDBI
538. The Asian Development Bank (ADB) and
C. RBI
India signed a$ 60 Million Loan Agree-
ment in New Delhi to continue financing D. NABARD

62
543. What is the full form of FINO? 548. Recently, RBI has declared that how
A. Financial Investment Network and Op- much percentage of demonetized money
erations was back?
B. Farmers’ Investment Network and Op- A. 79.30%

erations B. 93.30%
C. Farmers’ Inclusion Network and Oper- C. 88.30%
ations
D. 99.30%
NARAYAN CHANGDER
D. Financial Inclusion Network and Oper-
ations 549. Which of the following is an employ-
544. What is the tenure for the Equipment Fi- mentcreating programme of the Govt of In-
nancing Loan? dia? [Andhra Bank 2011]
A. 3-4 Year A. MNREGA
B. 4-5 Year B. Bharat Nirman
C. 1-3 Year C. Kalpana-I
D. 2-5 Year D. ASHA
545. Which of the following deposits is not ac-
550. The National Rural Livelihood Mission
cepted by commercial banks?
(NRLM) was launched recently. Which of
A. Fixed Deposit the following statement is/are correct re-
B. Demand Deposit garding NRLM?
C. Saving Deposit 1. NRLM seeks to bring the rural poor
under the self help group (SHG) net-
D. Public Account Deposit
work.
546. Which of the following foreign banks has 2. Servics of Business correspondent
been granted license to start its banking 3. NRLM will facilitate access of bank
operation in India, recently? credit to those covered under the
mission.
A. Doha Bank
B. Bank of Japan A. Only 1
C. Barclays Bank B. Only 1 & 2

D. Kookmin Bank C. Only 2 and 3
547. Which of the following bank and SBI Life D. Only 1 and 3
Insurance has announced that they have
551. Fitch Ratings revised downwards India’s
signed a bancassurance pact to offer a com-
GDP growth forecast to for current fis-
prehensive financial planning solution to
cal.
its customers?
A. Punjab National Bank A. 7.10%
B. Syndicate Bank B. 7.2%

C. Bank of Baroda C. 6.80%
D. State Bank of India D. 7.40%

63
552. IRDA announced a Health Insurance Pol- 557. Which of the following is/was Not in-
icy Portability. This will be implemented cluded in the agenda set for the Banking
from Reforms in India?

A. 1 April, 2011 A. Dismantling of administered interest
B. 1 August, 2011 rates
C. 1 September, 2011 B. Measure to strengthen risk manage-
ment
D. 1 July, 2011
C. Promulgation of SARFAESI Act
553. insurance gives protection to the vehi-
cle owner against damages to his/her ve- D. Promotion of the concept of easy
hicle and pays for any Third Party Liability credit to all with a guaranteed subsidy
determined as per law against the owner from the government
of the vehicle. 558. Between 2007-08 to 2012-13, the
A. Motor Insurance value of Card spending rose to Rs.1.97
B. Travel Insurance Lakh Crores. A raise in Cards spending in-
dicates?
C. Group Insurance
A. Transformation to ‘Cashless Economy’
D. Life Insurance
B. Low inflation
554. The Centre and Asian Development Bank
C. Raising incomes
(ADB) have signed an 85 million dollar loan
to improve skill development eco-system D. Falling prices
in which of the following state?
559. Security Printing and Minting Corpora-
A. Odisha tion of India (SPMCIL) Limited was incor-
B. Kerala porated under the Companies Act, 1956
C. Rajasthan with its corporate office at
D. Haryana A. Mumbai
B. Kolkata
555. What is a fiscal deficit?
C. Bangalore
A. It is a gap between the values of ex-
ports and imports D. New Delhi
B. It is a gap between exports and im- 560. Consider the following measures.
ports minus external borrowings
1. Changing the Bank rate
C. It is a gap between total expenditure 2. Open market operation
and total receipts of the government 3. Increasing the Cash-Reserve Ratio
D. None of the above Which of the measures given above are
556. Which of the following is NOT a Nation- taken by the Reserve Bank of India to con-
alised Bank? trol inflation in India?
A. Union Bank of lndia A. 1 and 2
B. Central Bank of India B. 1 and 3
C. Yes Bank C. Only 3
D. Syndicate Bank D. All the above

64
561. In which year Punjab National Bank was B. Accounts opened to facilitate repay-
established? ment of loan
A. 1880 C. Accounts in which shares of compa-
B. 1887 nies are traded in electronic form
C. 1894 D. Accounts maintained by mutual fund

companies for investors
D. 1900
567. In which situation does bank customer re-
NARAYAN CHANGDER
562. Transfer of any instrument to another lationship cease?
person by signing on its back or face or
A. When there are complaints from the
on a slip of paper attached to it is known
customer
as
B. When the bank accept the complaint
A. promissory note
from the customer
B. bill of lading
C. When the customer is declared of un-
C. bill of exchange sound mind
D. endorsement D. All of the above
563. Which among the following is not a loan 568. Public sector non-life insurance firm
category of MUDRA bank? United India Insurance Company an-
A. Shishu nounced the appointment of S Gopakumar
as its Director and General Manager with
B. Arun immediate effect. United India Insurance
C. Kishor Company based in
D. Tarun A. Hyderabad
B. New Delhi
564. Which of the following is the least liquid
asset? C. Mumbai
A. Money D. Chennai
B. Shares 569. Which of these banks was not associated
C. Machinery with the State Bank of India in 1959?
D. Special deposits A. State Bank of Hyderabad
B. State Bank of Indore
565. Which of the following financial activities
is carried by CIC? C. State Bank of Mysore
A. granting of loans to group companies D. State Bank of Patna
B. investment in bank deposits 570. Financial service companies excludes

C. issuing guarantees on behalf of group
companies A. Commercial banks
D. all of the above B. Insurance companies
C. Crepitating agencies
566. Which of the following can be identified
as a demat account? D. Sole proprietorship
A. Accounts which can have zero balance 571. Consider the following statements:

65
1. In Indian Commercial Banking Sys- C. DFI

tem, the number of the Non- D. SIDBI
scheduled Bank is more than the

Scheduled Banks. 576. Invisible Export means export of
2. The Non-scheduled Banks in Indian A. Perishable goods
Commercial Banking Systems are
even less than a dozen in number. B. Prohibited goods
Which of the statements given above C. Unrecorded goods

is/are correct? D. Services
A. Only 1 577. The fiscal deficit target for year 2015
B. Only 2 (2014-15) has been retained at the
level announced by former Finance Minis-
C. Both 1 and 2
ter P.Chidambaram in his interim budget.
D. Neither 1 nor 2 What is this level?
572. How much percentage of its funds is re- A. 4.1% of GDP
quired to be invested by payments banks B. 5.7% of GDP
in government securities or T-bills with ma-
C. 4.8% of GDP
turity up to 1 year?
D. 4.5% of GDP
A. 25%
B. 40% 578. Which company has pipped ICICI Pruden-
tial MF to become the country’s largest as-
C. 50%
set management company after a gap of
D. 75% over two years?
573. Budget is an instrument of A. Reliance Mutual Fund
A. Commercial policy of the government B. Aditya Birla Sun Life Mutual Fund
B. Fiscal policy of the Government C. HDFC Mutual Fund
C. Monetary policy of the government D. Kotak Mahindra Mutual Fund
D. Money-saving policy of the govern- 579. The first decimal issues of coins in 1950
ment in India consisted of
A. 1, 2 and 5 paise
574. Which of the following features on the
reverse of 2000 rupee note? B. 1, 2, 5 and 10 paise
A. Mangalyaan C. 1, 2, 5, 10 and 25 paise
B. Himalaya Mountains D. 1, 2, 5, 10, 25 and 50 paise along with
Rs. 1
C. Red Fort
D. Parliament of India 580. The General insurance industry was na-
tionalized in and 107 insurers were
575. Which of the following is an apex finan- grouped and amalgamated into four Com-
cial institution for housing? panies.
A. AIFI A. 1949
B. NHB B. 1956

66
C. 1972 586. When did RBI demonetise 25 paise coins

D. 1982 in the country? (Vijaya Bank 2008)
A. 2010
581. and NITI Aayog have tied up to offer
internship programme for the top perform- B. 2008
ing students selected by Atal Innovation C. 2011
Mission (AIM).
D. 2009
A. Apple
NARAYAN CHANGDER
B. Google 587. Every Banking company is required to use
the word Bank in its name and no company
C. Facebook
other than a Banking company can use the
D. IBM words Bank, Banker or Banking as a part
of its name as per:
582. Private life insurance Company Canara
HSBC Oriental Bank of Commerce Life In- A. Section 7 of Banking Regulation Act
surance has entered into an alliance with B. Section 7 of RBI Act
the Kerala based for marketing various
life insurance products. C. Section 7 of SEBI Act
A. Dhanlaxmi Bank D. Section 7 of Nationalization Act

B. Kotak Mahindra Bank 588. Imperial Banks were amalgamated and
C. South Indian Bank changed as
D. Vijaya Bank A. Reserve Bank of India
583. Which of the following is issued by RBI? B. State Bank of India
A. Currency notes C. Subsidiary Banks

B. Coins D. Union Bank of India
C. Both 1 and 2 589. RBI Provides for meeting day-to-day
D. None of the above receipt and expenditure mismatch to both
Central and State Governments.
584. What is full form of SIP in mutual funds?
A. Treasury bills
A. Seller Investment Plan
B. Ways and Means advance
B. Systematic Investment Plan
C. Date and securities
C. System Involvement Plan
D. None of these
D. None of the Above
585. The difference between exports and im- 590. Sonali Bank Limited is a state-owned
ports is called-? leading commercial bank, based in
A. assets and liabilities A. Myanmar

B. balance of payment B. Nepal
C. GDP C. China
D. balance of trade D. Bangladesh

67
591. NEFT means 596. Near Money is defined as an

A. National Electronic Funds Transfer sys- A. Asset which is not usable as a medium

tem of exchange but has as store of value.
B. Negotiated Efficient Fund Transfer sys- B. Asset that serves as a temporary
tem medium of exchange and has a store of
C. National Efficient Fund Transfer solu- value.
tion C. Asset which adequately fulfill Store of
D. Non Effective Fund Transfer system value function and is readily convertible
into a medium of exchange but is not itself
592. Which of the following is NOT a Pub- a medium of exchange.
lic Sector Unit? [Indian Overseas Bank
D. Asset which has a store of value &
2011]
100% liquidity
A. HPCL
597. What are the advantages of BBPS?
B. Yes Bank
A. Multiple Payment Modes
C. HAL
D. SAIL B. Payment of bill anywhere and anytime
C. Timely & guaranteed settlements be-
593. What is the interest rate of Post Office tween parties
5 years Time Deposit Account (As on 01st
January 2018)? D. All of the above
A. 7.70% 598. Exim Bank of India (Exim Bank) was es-

B. 7.30% tablished in
C. 7.40% A. 2000
D. 7.10% B. 1982
C. 1990
594. The concept of micro finance was
launched in which of the following coun- D. 1992
tries initially?
599. Which Bank is the apex bank of USA?
A. Bangladesh
A. Citi Bank
B. India
B. Bank of America
C. Egypt
C. Federal Reserve
D. Israel
D. Central Bank of USA
595. Name the country that has topped the list
of the Foreign Direct Investment (FDI) Con- 600. Who has appointed as the IDBI Bank’s
fidence Index 2018, released recently by CEO and Managing Director for a tempo-
the Global consultant AT Kearney. rary period of three months?
A. The USA A. Arjit Basu
B. Germany B. Sandeep Bakhshi
C. Japan C. B Sriram
D. China D. Inder Jit Singh

68
601. Which company became the first Indian A. Volume of direct investment made by
company to cross Rs. 8 trillion market foreign countries
cap? B. Number of companies listed on the
A. Wipro stock exchange
B. TCS C. Gross domestic product of the nation
C. RIL D. Number of foreign nationals working
in a country
D. Bharti Airtel
NARAYAN CHANGDER
607. The Reserve Bank of India licensed Bank
602. The fiscal deficit for 2019-20 is esti-
of China to operate in India. This will be
mated to be per cent of the gross do-
the Chinese bank to be operating in the
mestic product (GDP).
country.
A. 3.4%
A. first
B. 3.20%
B. third
C. 3.60%
C. fourth
D. 3.00%
D. second
603. Hitachi Payment Services Pvt Ltd is a
608. Name the organisation, which has allows
wholly-owned subsidiary of Hitachi Ltd.
Banks to tie up with insurers?
Where is the registered office of Hitachi
Payment Services Pvt Ltd? A. IRDAI
A. Hyderabad B. RBI
B. Bengaluru C. SBI
C. Chennai D. World Bank
D. Kolkata 609. Which of the following is/are correct
about the ‘Operational Risk’ as used in the
604. Which of the following terms is not re- field of banking?
lated with banking/finance?
1. Risk of loss due to inadequate or
A. Call Option failed internal process.
B. Coupon 2. Risk of loss due to natural calami-
ties.
C. Stock Splits
3. Loss occurred due to non compliance
D. Ablation of legal procedures.
605. Validity period of “Demand draft” is A. Only 1
A. 6 months B. Only 2
B. 12 months C. Only 3
C. 3 months D. All the above
D. 8 months 610. Increase in Fiscal Deficit leads to
606. Which of the following is one of the mea- A. No change in BOP

sures of economic growth of a country? B. Increase in Balance of Payments

69
C. Reduction in Balance of Payments 615. FIPB stands for

D. A and B A. Foreign Investment Permanent Board

B. Foreign Industrial Promotion Board
611. State Bank of India started merchant
banking in whichof the following years? C. Foreign Investment Promotion Board
A. 1974 D. Financial Investment Promotion Board
B. 1978 616. Commercial bills market is a part of
C. 1973 A. organised money market
D. 1980 B. unorganised money market
612. Which of the following schemes has been C. stock market

launced specifically for helping Senior Cit- D. capital market
izens to avail loan by mortgage of their
residential property? 617. is a system that powers multiple bank
accounts into a single mobile application
A. English Mortgage Scheme (of any participating bank), merging sev-
B. Senior Capital Loan Scheme eral banking features, seamless fund rout-
ing & merchant payments into one hood.
C. Reverse Mortgage Loan Scheme
A. UPI
D. DEMAT Account Scheme
B. BHIM
613. On 20 August 2014 the Finance Ministry C. AEPS
ordered a forensic audit to be done at the
branches of two banks in view of the re- D. NFS
ports of misappropriation of funds worth
618. is a bank led model which allows on-
Rs. 436 crore. Which two banks are in-
line interoperable financial transaction at
volved in this matter?
PoS (Point of Sale/Micro ATM) through
A. Allahabad bank and Dena Bank the Business Correspondent (BC)/Bank
B. Dena Bank and Oriental Bank of Com- Mitra of any bank using the Aadhaar au-
merce (OBC) thentication.
A. UPI
C. Punjab National Bank and Punjab
Sindh Bank B. NFS
D. Union Bank of India and Oriental Bank C. AEPS
of Commerce (OBC) D. NACH
614. Ministry of Tourism has estimates 619. SMERA is an SME Rating Agency in India
monthly FEEs through Tourism in India. meant for
FEEs stand for
A. rating on credit worthiness of MSME
A. Financial Exchange Earnings
B. rating on quality management
B. Foreign Exchange Earning
C. rating on the training system
C. Foreign Exchange Exchange
D. rating on technology usage in (the or-
D. Foreign Exchange Earnings ganization)

70
620. The FSB was established as the succes- as part of its initiative to promote digital
sor to the Financial Stability Forum (FSF). banking among the rural population?
What is the meaning of “B” in FSB? A. UCO Bank
A. Basel B. Vijaya Bank
B. Bureau C. Corporation Bank
C. Banking D. Bank of India
D. Board
NARAYAN CHANGDER
626. Invoice is a:
621. The RBI’s methods of credit control may A. Accounting document
be broadly divided into
B. Legal document
A. Quantitative and Qualitative
C. Commercial document
B. Open and Close
C. Monetary and Fiscal
627. Real national income growth refers to
D. Rural and Urban
A. national income growth adjusted for in-
622. Indian Overseas Bank is a major public flation
sector bank based in
B. national income growth adjusted for
A. Bengaluru population growth
B. New Delhi C. national income growth adjusted for
C. Chennai depreciation rate
D. Kolkata D. national income growth adjusted for
saving growth
623. Which of the following is considered to
be the father of venture capital? 628. SEBI, a regulator of the securities market
in India was established in the year 1988,
A. Dariot but was empowered with statutory Pow-
B. Modigliani ers in the form of Act in the year
C. Vaghul A. 1990
D. Jimmy carter B. 1991
C. 1992
624. The 0 in IFSC Code is placed in which of
the following positiona of the 11 digit IFSC D. 1993
code?
629. Bharatiya Reserve Bank Note Mudran
A. 3rd Private Limited (BRBNMPL) has been reg-
B. 7th istered as a Private Limited Company un-
der the Companies Act 1956 with its Reg-
C. 6th
istered and Corporate Office situated in
D. 5th Bengaluru. Who is Chairman of BRBN-
MPL?
625. Which among the following Banks is go-
ing to develop as many as 100 digital A. HK Bhanwala
villages in various States of the country B. BP Kanungo

71
C. Uma Shankar 635. Which of the following type of CICs are

D. KL Dhingra exempted from the requirement of regis-
tration with RBI?

630. In recent PCA framework, how many A. CICs with assets above Rs. 10 crore
Risk Threshold categories are there?
B. CICs with assets above Rs. 100 crore
A. 2
C. CICs with assets above Rs. 200 crore
B. 3
C. 4
D. 5 636. In Union Budget 2018-19 FM Arun Jait-
ley has proposed to revise emoluments for
631. What is Forex? [Punjab & Sindh 2011] the vice president to how much amount?
A. It is buying of foreign currency. A. 6 lakh per month
B. It is selling of foreign currency. B. 5 lakh per month
C. It is buying of one currency and selling C. 2 lakh per month
of another currency.
D. 4 lakh per month
D. It is simultaneous buying of one cur-
rency and selling of another currency. 637. In the 29th meeting, GST council ap-
proves cash incentives to promote Digi-
632. Who is the present Chairman of IRDAI?
tal transactions. Finance Minister Piyush
A. TS Vijayan Goyal announces Cashback upto Rs 100
B. Subhash Chandra Khuntia for the Digital Transactions done via BHIM,
Rupay or USSD mode.
C. Ajay Tyagi
A. 10%
D. HK Bhanwala
B. 25%
633. Banks are required to monitor transac-
tions of suspicious nature for reporting to C. 20%
the authorities under anti-money launder- D. 15%
ing measures. The purpose of reporting is:
638. Which of the following schedules of In-
A. Combating finance of terrorism dian constitution includes Banking? th th
B. To check hawala transactions th th
C. To check the inflow of crime money A. 8
D. All the above B. 7
634. Which of the following country is now C. 5
the world’s sixth largest economy, accord- D. 6
ing to the database of the International
Monetary Fund’s World Economic Outlook 639. Name any E-Banking service which is
(WEO) for April 2018? based on voice processing facility?
A. Germany A. Any time banking
B. Japan B. Tele-banking
C. India C. On-line banking
D. China D. Any where banking

72
640. Which of the following would RS.tighten’ C. Only 3

the liquidity situation of banks? D. 1 and 3
A. Increased sales of government securi-
644. RBI has released 6th Bi-Monthly Mone-
ties to individuals or institutions who pay
tary Policy Statement in February 2019.
for them from their bank
In this statement, RBI has reduced the pol-
B. Regulations requiring the banks to icy repo rate under the Liquidity Adjust-
maintain positive end-of-day balances ment Facility (LAF) by basis points.
with the Bank of England
NARAYAN CHANGDER
A. 50 basis points
C. Both 1 and 2 B. 25 basis points
D. Lower levels of taxation and reduc- C. 125 basis points
tions in tax receipts to the Treasury
D. 10 basis points
641. International Bank for Reconstruction 645. Which of the following is not a prerequi-
and Development is related to site for a promissory note? (Vijaya Bank
A. World Bank 2008)
B. ADB A. Drawn on a specified banker
C. IMF B. It should be unconditional
D. Federal Bank C. It should be in writing
D. It should be made and signed by the
642. The Government of India and the Asian debtor
Development Bank (ADB) signed in New
Delhi a Loan Agreement for$ 31 million 646. In Banking terminology, NPA means [Cor-
to build-up the State Tourism Industry and poration Bank 2011]
boost visitor arrivals in A. No-Promise Account
A. Goa B. Non-Personal Account
B. Tamil Nadu C. Non-Performing Asset
C. Uttarakhand D. Net Performing Asset
D. Himachal Pradesh 647. Commerce and Industry Minister Suresh
Prabhu has participated in G-20 trade and
643. The Reserve Bank of India has been inter- investment ministerial meeting in
vening in foreign exchange market of India
and buying dollors to A. France
1. Check enhanced liquidity in the mon- B. Japan

etary system C. USA
2. Build-up foreign exchange reserves D. Argentina
for debt servicing and debt repay-
ment. 648. As per the report published in the news-
3. Prevent the rupee strengthening fur- paper, the banks, particularly public sec-
ther there by acting as disincentive tor banks are tying up with various rat-
to export growth. ing agencies for providing a qualitative as-
sessment of the credit needs of the bor-
A. Only 1 rowers. Which amongst the following
B. 1 and 2 is/are such credit rating agencies in India?

73
1. CARE 653. What was the authorised capital of Agri-

2. CRISIL culture Insurance Company of India Limited
3. ULIP (AIC)?

A. Only 1 A. Rs. 1000 Crores
B. Only 2 B. Rs. 2000 Crores
C. 1 and 2 C. Rs. 1500 Crores
D. Only 3 D. Rs. 500 Crores
649. What are benefits of Financial Market In-
654. Which of the following is NOT the net as-
frastructures?
sets in investing in the equity shares in
A. purposes of clearing group companies?
B. ecording payments A. cash & bank balances
C. financial transactions B. money market instruments
D. all of the above C. money market mutual funds
650. The Bank of Bombay (15 April 1840) and D. All of the above
the Bank of Madras (1 July 1843) fol-
lowed the Bank of Bengal. These three 655. Prime Minister Narendra Modi releases
banks remained at the apex of modern a rupees commemorative coin in honour
banking in India till their amalgamation as of former Prime Minister and Bharat Ratna
the Imperial Bank of India on 27 January Atal Bihari Vajpayee.
A. 1961 A. 1000
B. 1956 B. 100
C. 1949 C. 75
D. 1921 D. 50
651. When a loan is granted by a bank for pur- 656. Which organisation functions as the au-
chase of white goods it is called thorised Bharat Bill Payment Central Unit?
A. Consumption loan A. State bank of India
B. White goods loan
B. ICICI Bank
C. Consumer durable loan
C. NPCI
D. All of these
D. Reserve Bank of India
652. BSE’s India International Exchange (India
INX) has received approval from the cap- 657. Which one of the following is not a mea-
ital market regulator SEBI on the frame- sure of Globalisation?
work for the listing of debt securities. A. Reduction in import duties
Who is the present Chairman of SEBI?
B. Abolition of import licensing
A. Urjit Patel
C. Allowing free flow of direct foreign in-
B. HK Bhanwala vestment
C. Ajay Tyagi D. Disinvestment of equity in the public
D. UK Sinha sector

74
658. Accounts are allowed to operated by 1. Micro-credit extended by banks to

Cheques in respect of individual is reckoned as a part of
A. Both Savings Accounts and Fixed De- their priority sector lending.
posit accounts 2. RBI has prescribed a particular
model for banks to provide micro-
B. Savings account and Current Accounts finance.
C. Both Savings and Loan Accounts 3. RBI has prescribed a particular
model for banks to provide macro-
D. Both savings bank accounts and cash
finance.
NARAYAN CHANGDER
accounts only
Choose the correct answer using the codes
659. How many members are comprises in the given below:
Postal Service Board? A. 1 only
A. four B. 2 only
B. three C. Both 1 and 2
C. five D. only 3
D. six
664. What is an amortization schedule?
660. Which of the following rates signals the A. It is a table that gives details of the pe-
RBI’s long-term outlook on interest rates? riodic principal and interest payments on
A. Repo Rate a loan and the
B. It is convenient for borrowers who are
in the beginning of their careers.
C. Bank Rate
C. It is the schedule at which commercial
D. SLR banks charge their customers who are
most creditworthy.
661. State Bank of India has roped in Asian
Games gold medalist as brand ambas- D. All of the Above
sador for its digital app YONO. 665. “Good People Grow With” is the tagline
A. Swapna Barman of which Bank?
B. Vinesh Phogat A. Indian Overseas Bank
C. Sakshi Malik B. Bank of Maharashtra
D. Laksya Sen C. Andhra Bank
D. UCO Bank
662. Which of the following is not a measure
of the Risk Management in Banks? 666. ICICI provides assistance by way of
A. CRR A. long and medium-term loans and eq-
uity participation
B. RTGS
B. guaranteeing rupee and foreign cur-
C. SLR
rency loans raised from other sources
D. Deposit Insurance
C. underwriting issues of shares and
663. Which of the following statements is/are debentures
correct in regard to micro-finance’? D. All of the above

75
667. Traveller’s cheques are valid for B. enables banks to maintain their ac-
A. Three months counts with RBI for statutory reserve re-
quirements

B. Six months
C. acts as the lender of last resort
C. One year
D. All of the above
D. No limit are valid till encashed
671. At current prices, the GDP growth rate
668. Indian Bank has introduced two-tier infor the year 2013-14, as projected by CSO
terest rate structure for saving bank ac- stands at
counts and will offer the interest rate of
A. 11.9%
4 percent per annum on savings account
with the incremental balance of over Rs B. 12.30%
50 lakh and 3.50 percent per annum for C. 13.30%
the deposit up to Rs 50 lakh. Where is
D. 14.5%
the headquarter of Indian Bank?
A. Mumbai 672. Which of the following is the Central
Bank of the country?
B. Bengaluru
A. RBI
C. Hyderabad
B. SBI
D. Chennai
C. RRB
669. As per the notification issued by the
D. NABARD
banks, the ‘third party ATM usage’ will
now be restricted to certain withdrawals 673. The Government of India passed the “Re-
and limits only. What does it really mean? covery of Debts Due to Banks and Financial
1. The ATM card holders will not be Institutions Act” in
able to withdrew from other banks’ A. 1993
ATMs under any circumstances.
B. 1992
2. Customers of one bank may be able
to withdraw only a limited amount C. 1994
from other banks’ ATMs. D. 1990
3. ATM card holders will have to pay
a fee if they withdraw money from 674. Which of the following about money sup-
other banks’ ATMs frequently. ply measure adopted in 1977 is correct?
Select the correct answer under the codes A. M2’ M1 +demand deposits with post
given below: offices
A. Only 1 B. M3’ M1 +term deposits with banks
B. Only 2 C. M4’M3+total deposits with post of-
fices
C. Only 3
D. All the above
D. 2 and 3
675. FVCI which has obtained registration un-
670. Which of the following functions are per- der the Securities and Exchange Board of
formed by RBI as a banker of banks? India (FVCI) Regulations, 2000. FVCI
A. settlements of inter-bank transactions stands for

76
A. Foreign Venue Capital Investors 3. Lending to agriculture, small scale in-

dustries and the weeker sections of
B. Foreign Venture Custody Investors
the society.
C. Foreign Venture Capital Investors
A. 1 and 2
D. Foreign Venture Capital Installment B. Only 3
676. The Cabinet Committee on Economic Af- C. 1, 2 and 3
fairs has approved the proposal of Depart- D. 1 and 3
NARAYAN CHANGDER
ment of Fertilizers to continue Urea Sub-
sidy Scheme upto 2019-20 at a total esti- 680. An underwriter undertakes to buy a cer-
mated cost of (approx). tain number of shares or debentures irre-
spective of the subscription from the public.
A. Rs. 1, 65, 000 crore This type of underwriting is known as ?
B. Rs. 1, 45, 000 crore A. Sub-Underwriting
C. Rs. 1, 25, 000 crore B. Firm Underwriting
D. Rs. 1, 15, 000 crore C. Syndicate Underwriting
D. Outright Purchases of Issues
677. Bharat BillPay transaction can be initi-
ated through multiple payment channels 681. Which of the following acts defines ‘Fac-
like toring Business’?
A. Internet Banking A. Factoring Act, 2011
B. Mobile-Banking B. Factoring Act, 2012
C. Point of Sale terminal C. Factoring Act, 2010
D. Factoring Act, 2005
D. All of the above
682. Which organization has launched its$ 1
678. Which among the following schemes of billion masala bond programme in the US
the Government was launched with an ob- and Europe recently?
jective of a slum free India?
A. Multilateral Investment Guarantee
1. Indira Awas Yojana Agency
2. Rajiv Awas Yojana
B. International Finance Corporation
3. Ambedkar Awas Yojana
4. Grahalaxmi Scheme C. International Bank for Reconstruction
and Development
A. Only 1
D. International Development Associa-
B. Only 2 tion
C. Only 3
683. Which of the following liabilities is not
D. Only 4 taken as part of Time and demand liabili-
ties for the purpose of CRR?
679. Which of the following represents prior-
A. Fixed deposits
ity sector lending by commercial banks in
India? B. Saving bank account
1. Lending to heavy industries. C. Recurring deposits
2. Lending to foreign companies. D. Paid-up capital

77
684. Which of the following organizations C. Ministry of Finance & the Public Ser-
was specially established to operate in vice
Gramin areas by design itself?

D. Ministry of Communications and Infor-
A. Commercial Banks mation Technology
B. Central Financial Institutes
689. Reserve Bank of India (RBI) has set
C. Private Banks up Supervisory Colleges for six Scheduled
D. Regional Rural Banks Commercial Banks which have sizeable
international presence recently. Which
685. The International Monetary Fund (IMF) among the following Banks is not them?
has stated that India is expected to grow
at in 2018 and in 2019 and would re- A. State Bank of India
emerge as one of the fastest growing ma- B. ICICI Bank Limited
jor economies in the period.
C. Indian Overseas Bank
A. 7.8% and 7.9%
B. 7.1% and 7.5% D. Bank of Baroda
C. 7.4% and 7.7% 690. What is a legal agreement, also called the
D. 7.4% and 7.8% deed of trust, between the corporation is-
suing bonds and the bondholders that es-
686. FEMA was implemented by replacing tablish the terms of the bond issue?
FERA in which year?
A. Indenture
A. 31.01.2002
B. Bond
B. 01.06.2000
C. 31.01.2000 C. Debt
D. 01.01.2003 D. None of the above
687. Which of the following schemes is 691. Treasury bills also called as T-bills are the
launched specifically for helping senior citi- part of
zens to avail loan by mortgage of their res-
A. Unorganized Market
idential property? [Indian Overseas Bank
2011] B. Capital Market
A. English Mortgage Scheme C. Money Market
B. Senior Capital loan Scheme D. Commodities Market
C. Reverse Mortgage Loan scheme
692. Government will establish a unified au-
D. Senior Citizen Personal Loan scheme
thority for regulating all financial services
688. The Department of Posts, trading as In- in IFSCs in India. What is the meaning of
dia Post, is a government-operated postal “S” in IFSCs?
system in India. The Department of Posts A. Selling
comes under
B. Solutions
A. Ministry of Commerce and Industry
C. Scheme
B. Ministry of Finance Department of Rev-
enue D. Service Show Answer

78
693. RBI has imposed a penalty of on pri- 698. Which of the following actions is per-
vate sector Axis Bank for violation of formed by debenture trustee in case of de-
non-performing asset (NPA) classification layed payment?
norms recently. A. Update the calendar specifying the
A. Rs 9 crore date of such payment
B. Rs 1 crore B. Cancel the payment
C. Rs 7 crore C. Register a complaint
NARAYAN CHANGDER
D. Rs 3 crore D. None of the above
694. Tele banking is attracting the fancy of ur- 699. The SBI has signed an agreement with
ban customer due to which of the following agencies to obtain
a guarantee cover to its loans to Micro and
A. Non-availability of time to visit bank
Small Enterprises?
branches
A. Export Credit Guarantee Corporation
B. Transport bottlenecks
B. Credit Guarantee Trust
C. Traffic Jams
C. Small Industrial Development Bank of
D. All of the above
India
695. NCRB is an Indian government agency D. Securities and Exchange Board of In-
responsible for collecting and analysing dia
crime data as defined by the Indian Penal
Code. NCRB stands for 700. All of the following are examples of
Quasi negotiable instruments, under the
A. National Crime Reports Bureau
Negotiable Instrument Act, 1881, except
B. National Criminal Records Bureau
A. dividend warrants
C. National Crime Records Bureau
B. share warrants
D. National Crime Records Branch
C. bearer debentures
696. The network for common data communi- D. promissory note
cation for Banks and Financial Institutions
launched by RBI is 701. Which of the following is the drawee
bank in respect of a cheque?
A. INTERNET
A. The payee’s bank
B. INFINET
B. The bank which collects the cheque
C. SWIFT
C. The bank on which the cheque is drawn
D. BANKNET
D. The endorsee’s bank
697. Which of the following constitutes a sig-
nificant portion of banks’ lending portfo- 702. Which of the following apex body and
lios? regulator has asked banks to swap
customer-related information so that the
A. Credit finance frauds and defaults may be prevented in
B. Foreign Exchange future?
C. Consumer finance A. Bombay Stock Exchange (BSE)
D. Money laundering B. Indian Banks, Association (IBA)

79
C. Securities and Exchange Board of In- 707. Mobile tower arm of telecom major
dia (SEBI) Bharti Airtel, Infratel announced that
it has received clearance from for its

D. Reserve Bank of India (RBI)
merger with Indus Towers.
703. Which among the following insurance
comapany and Apollo Munich Health have A. FICCI
come together to launch ‘Click2Protect B. TRAI
Health plan’, which provides both life and
health cover under a single plan? C. RBI
A. Aviva Insurance company D. SEBI
B. MetLife insurance company
C. Sun Life Financial 708. India’s largest lender SBI and India IMGC
has signed a pact to offer mortgage guar-
D. HDFC Life Insurance antee scheme for prospective non-salaried
704. How many Banking Ombudsmen have and self-employed home loan customers.
been appointed? What is the meaning of “M” in IMGC?
A. 20 A. Money
B. 10 B. Monetary
C. 15
C. Management
D. 18
D. Mortgage
705. Interest below which a bank is not ex-
pected to lend to customers is known 709. In India, merchant-banking activity was
as [SBI Bank 2013] originated with the merchant banking divi-
A. Deposit Rate sion set up by which of the following?
B. Base Rate A. Grind lays bank
C. Prime Lending Rate
B. Barclays bank
D. Bank Rate
C. Yes bank
706. The net interest income for the commer-
cial banks is an important parameter for D. None of the above
determining the profitability. What does
it denote? 710. A Committee on Banking Supervision
A. The difference between RBI lending which provides a forum for regular cooper-
rate and the average lending rate of a ation on banking supervisory matters and
bank to enhance understanding of key super-
visory issues and improve the quality of
B. The difference in the interest rates be- banking supervision worldwide.
tween the fixed deposit rate and savings
rate of a bank A. BIS
C. The difference between the deposit B. BASEL
rates and the lending rates of a bank
C. European Banking Supervisors
D. The difference in the deposit rates for
the banks and the borrowing rates of RBI D. All of the above

80
711. What is the correct format of a VPA on 716. To become BBPOUs, Banks and nonbank
UPI? entities are mandatorily required to ap-
A. abc/upi ply for approval/authorization to Reserve
Bank of India under
B. abc@upi
A. Payment and Settlement Systems
C. abc-upi (PSS) Act 2007
D. abc*upi B. Foreign Exchange Management Act,
1999
NARAYAN CHANGDER
712. Banking Ombudsman is appointed
by [SBI Bank 2013] C. Banking Regulation Act, 1949
A. Government of India D. SARFAESI Act, 2002
B. State Governments 717. Which of the following is considered as
C. RBI the financial capital of India?
D. E C G C A. New Delhi
B. Kolkata
713. Which scheme will set up to improve
sustainable genetic upgrading of cow re- C. Bangalore
sources, and to enhance production and D. None of these
productivity of cows?
A. Rashtriya Gaay Aayog 718. In which year BIS was established?
B. Rashtriya Kamdhenu Ghar A. 1935
C. Bhartiya Kamdhenu Aayog B. 1921
D. Rashtriya Kamdhenu Aayog C. 1930

D. 1944
714. Who is having the major stakes in
NABARD? 719. A crossed cheque has been given to you
A. RBI for services rendered. In what way can
you get the cheque encashed?
B. Central Government
A. By presenting it across the counter of
C. SBI the bank branch
D. Ministry of Finance B. By sending it through speed clearing
715. What are the objective taken by NABARD C. By depositing it in your personal bank
to improve the Rural Banking infrastruc- account
ture? D. Anyone of the above
A. For the development of education in ru-
ral area 720. Which is/are the different categories un-
der priority sector?
B. For the development of health of
women and children A. Social Infrastructure
C. For availability of food grains B. Renewable Energy
D. For insuring Prosperity and Progress C. Micro, Small and Medium Enterprises
integrated development of rural areas D. All of above

81
721. The usual deposit accounts of banks are 725. ‘Shishu’, ‘Kishore’ and ‘Tarun’ are asso-
ciated with
A. Current Accounts, Insurance Premium

Account and Electricity accounts A. SBI
B. Current Accounts, Post office Savings B. RESERVE BANK
account and Term deposit accounts C. IDBI
C. Loan Accounts, Term Deposit accounts D. MUDRA BANK
and Savings Account
D. Term Deposit accounts, Current Ac- 726. Which of the following institution is con-
counts and Savings Account sidered as ‘ soft loan window’?
A. IMF
722. The first regional center of the New De-
velopment Bank, set up by India and other B. IBRD
BRICS nations, was officially opened by C. IDA
South African President Jacob Zuma and
D. IFC
the bank’s Indian head K V Kamath in
A. Pretoria 727. Which Bank has tied up with KfW Devel-
opment Bank for funding of USD 113 mil-
B. Johannesburg
lion to refinance solar projects?
C. Durban
A. Bank of Baroda
D. Cape Town
B. Central Bank of India
723. The Government has constituted a seven- C. Punjab National Bank
member ministerial panel headed by to D. Corporation Bank
examine modalities for revenue mobilisa-
tion in case of natural calamities and disas- 728. Which of the following problems is
ters and the panel would submit its report needed to be resolved under issue manage-
to the GST Council. ment?
A. Babulal Gaur A. Problems with staff
B. Dinesh Sharma B. Technical failures
C. Sushil Modi C. Material shortages
D. Kedhav Prasad Maurya D. All of the above
724. According to the International Monetary 729. FINO Payments Bank has commenced op-
Fund (IMF), India is projected to grow erations as a payments bank with effect
at in 2018 as against China’s 6.8%, from 30th June 2017 according to the Re-
making it the fastest growing country serve Bank of India. Where is the head
among the emerging economies. office of FINO Payments Bank?
A. 7.10% A. Chennai
B. 7.80% B. Jaipur
C. 7.60% C. Bengaluru
D. 7.40% D. Mumbai

82
730. Recently Global Competitiveness Report D. None of the Above

2018 was released. This report is re-
leased by 734. What is India’s Apex Tax body?
A. World Bank A. CBDT
B. World Economic Forum B. GAAR
C. IMF C. IT Department
D. RBI D. RBI
NARAYAN CHANGDER
731. Consider the following statements about 735. Smart card can be
Bharitiya Mahila Bank: A. an embedded circuit with micro pro-
1. The Proposed Bank will be head- cessor chip embedded in it so that it could
quartered in Mumbai. perform calculations maintain records
2. It will start 6 branches in Mumbai, and act as electronic pursue.
Delhi, Kolkata, Chennai, Indore and B. built in facility for protection against
Guwahati. fraudulent operations
Select the correct answer using codes C. can either be rechargeable or ex-
given below: changeable
A. 1 only D. All of the above
B. 2 only
736. An account for which a bank acts as an
C. Both 1 and 2 uninterested third party is termed as?
D. Either 1 or 2 A. Savings Account
732. Lakshmi Vilas Bank was founded in 1926 B. Current Account
by a group of seven progressive business-
C. Reserve Account
men of Karur under the leadership of Shri
VSN Ramalinga Chettiar. Where is the Cor- D. Escrow Account
porate office of Lakshmi Vilas Bank?
737. The working group set up by the RBI
A. Chennai has suggested the launch of an Emergency
B. Karur Fund Facility Scheme for banks. This
scheme will help which of the following
C. Vellore
types of banks?
D. Madurai
A. Public Sector Banks
733. Which of the followings clearly define the B. Small Banks
Syndicate Underwriting?
C. Urban Cooperative Banks
A. It is underwriting in which, two or
more agencies or underwriters jointly un- D. Private Banks
derwrite an issue of 738. The Universal Health Insurance Scheme
B. It is one in which an underwriter gets (UHIS) has been redesigned targeting only
a part of the issue further underwritten by the BPL families. The premium subsidy has
another agency. been enhanced from to for an individ-
C. It is one in which the underwriters ap- ual.
ply for a block of securities. A. Rs 300 to Rs 500

83
B. Rs 100 to Rs 200 744. Which among the following countries will

C. Rs 400 to Rs 500 become the 19th member of the eurozone
as it is set to adopt the euro on 1 January

D. Rs 300 to Rs 800 2015?
739. Under which category, will you classify A. Portugal
Regional Rural Banks (RRBs)?
B. Greece
C. Lithuania
B. Co-operative banks
D. Latvia
C. Private sector banks
D. Development banks 745. What is the name of the scheme proposed
for hygiene and cleanliness in the recent
740. Slogan of poverty Abolition was given in
Union Budget 2014-15?
which Five Year Plan?
A. First five year plan A. Bharat Swach Yojna
B. Second five year plan B. Bharat Nirmal Yojna

C. Third five year plan C. Bharat Nirman Yojna
D. Fifth fiver year plan D. Bharat Sudhhikaran Yojna
741. Markets regulator approved a slew of
746. Which of the following accounts is in-
proposals, including a revised framework
tended to manage the income earned in
for settlement of cases and new KYC
India from sources like pension, dividend,
norms for foreign portfolio investors.
rent, etc?
A. IRDAI
A. NRO account
B. TRAI
B. NRE account
C. SEBI
D. RBI C. NRI account
742. CRR funds are kept by the Banks in
A. Cash in hand at branches 747. Private sector lender IDFC Bank has
B. Balance with other banks partnered with digital payments company
Zeta, to launch ‘IDFC Bank Benefits’. It is
C. Balance in a special Account with RBI
a payment solution for corporates that dig-
D. Funds in the currency chest itizes employee spends and claims, mak-
ing the process simple, real-time and pa-
743. The Centre has announced a new Rs - perless. Where is the head office of IDFC
coin which will come in 12-edged polygon Bank?
(dodecagon) shape.
A. Chennai
A. Rs 10 coin
B. Rs 20 coin B. New Delhi
C. Rs 05 coin C. Jaipur
D. Rs 02 coin D. Mumbai

84
748. IBAI was incorporated as a Company un- 752. As per section 147 of the Negotiable In-
der Section 25 of the Companies Act, 1956 struments Act, 1881, every offence pun-
in ishable under the Act are?
A. 2001 A. Compoundable
B. 1999 B. Non-compoundable
C. 2005 C. Cognizable
D. 1998 D. None of the above
NARAYAN CHANGDER
749. The organisation is responsible for calcu-
753. Which of the following is not the key el-
lating National Income is
ement of the KYC Policy?
A. CSO
A. Customer Acceptance Policy
B. NSSO
B. Customer Identification Procedures
C. RBI
C. Monitoring of Transactions
D. SBI
750. Money supply in India can be increased
if 754. The National Commodity and Derivatives
Exchange Limited (NCDEX) is located in
1. RBI puts more paper money for cir-
which of the following cities?
culation
2. The commercial banks expand their A. Mumbai
credit operations
B. Kolkata
3. The Central Government gives more
grants to the states C. Hyderabad
4. The Government of India borrows D. Jaipur
from the RBI
A. 1, 2 and 3 755. When making repayments on a lease, the
profit and loss account will contain which
B. 2, 3 and 4
items relevant to the lease?
C. 1, 3 and 4
A. Neither interest or instalment charges
D. 1, 2 and 4
B. Instalment charges only
751. Insurance regulator IRDAI has consti- C. Interest and instalment charges
tuted a 16-member committee to examine
motor third party insurance pricing aspects D. Interest only
and make recommendations on the pre-
mium rates for 2019-20. Who has been 756. Loans of small or very small amounts
appointed as the Chairman of the commit- given to low-income-group people are
tee? known as
A. Keshari Nath Tripathi A. Investment Loans

B. PJ Joseph B. Micro Credit
C. Ranjana Prakash Desai C. Saving loans
D. Amitava Roy D. Secured loans

85
757. What is the full form of IPO in IPO issue 762. Which among the following conditions,
manager? Regional Rural Banks (RRBs) should ful-
fil to become eligible to open new

A. Interactive Persuasive Offering
branch/branches?
B. Initial Public Offering
C. Immediate Public Offering A. No default in maintenance of SLR and
CRR during the last two years
D. Noneof the above
B. Operational profits are being made
758. SMERA Ratings Limited is registered
with C. Net worth shows improvement
A. ECAI D. All of the above conditions should fulfil
B. RBI by RRBs
C. SEBI 763. What is e-payment?

D. NSIC
A. Electronic payment for buying and sell-
759. The Defence Acquisition Council (DAC) ac- ing through the Internet
corded approval for the acquisition of de-
B. Payment of online software
fence equipment worth nearly Rs crore
which includes BrahMos Missiles, and Ar- C. Payment of online services
moured Recovery Vehicles (ARVs) for Bat-
tle Tank Arjun. D. None of the above
A. Rs 4000 crore 764. The Institute for Development & Re-

B. Rs 1000 crore search in Banking Technology (IBDRT) is a
C. Rs 7000 crore unique institution exclusively focused on
Banking Technology. Established by the
D. Rs 3000 crore Reserve Bank of India in
760. Bridge loans refer to A. 2001
A. Loans granted to construction compa-
B. 1999
nies for construction of bridges
B. Loan granted to PWD for construction C. 1992
of bridges over rivers D. 1996
C. Interim finance allowed by banks to
their customers, pending disbursement of 765. Which among the following international
term loans by financial institutions organisation has cleared a USD 250-
D. Loan granted to Railway for construc- million loan for making Indian youth more
tion of bridges employable through reskilling, in a move
that is seen to aid the Skill India Mission?
761. Where is the Headquarters of World
Trade Organisation? A. Asian Development Bank (ADB)
A. New Delhi B. World Trade Organization (WTO)

B. New York C. Asian Infrastructure Investment Bank
C. Geneva (AIIB)
D. Rome D. World Bank (WB)

86
766. IFFCO-Tokio General Insurance was incor- 771. Oriental Bank of Commerce is an India-
porated in based bank established in Lahore, is one
A. 1995 of the public-sector banks in India. What is
the tagline of Oriental Bank of Commerce?
B. 2000
A. A Friend You Can Bank On
C. 2001
B. Where every individual is committed
D. 2003
C. Where India Bank
NARAYAN CHANGDER
767. The Reserve Bank of India (RBI) named D. A Tradition of Trust
State Bank of India (SBI), ICICI Bank
and as D-SIBs, which in other words 772. MCLR is the minimum interest rate, be-
mean banks that are too big to fail. low which a bank is not permitted to lend.
What is the full form of MCLR?
A. HDFC Bank
A. Marginal Cost of Funds based Lending
B. Bank of Baroda
Rate
C. Axis Bank
B. Marginal Cost of Financial based Lend-
D. Punjab National Bank ing Rate
768. What is the maximum balance of account C. Marginal Cost of Funding based Lend-
that can be retained of 5-Year Post Office ing Rate
RD Account? D. Management Cost of Funds based
A. 10 lakh Lending Rate
B. 1 crore 773. Non-performing assets are cause for se-

C. No limit rious concerns for banks. Why are these
loans known as non-performing?
D. 1 lakh
A. Recovery of bank’s funds are difficult
769. When RBI wants to reduce liquidity in the B. Interest on these accounts are not
banking system charged
1. It increases the CRR C. Banks have to make provision for
2. It increases the SLR these loans in their balance sheet
3. It increases the Repo Rate
D. All of the above
A. Only 1
774. What is the Public Debt Office of Reserve
B. Only 2
Bank of India?
C. Only 3
A. is a central depository for all types
D. All the above of Government securities except Treasury
Bills
770. *99#, a USSD based mobile banking ser-
vice of NPCI was initially launched in B. attends to the function of note issue
the Reserve Bank of India
A. November 2010
C. is responsible for maintaining external
B. November 2012 value of the rupee
C. November 2011 D. controls balance of payment position
D. November 2013 of the Government of India

87
775. Which of the following are the scheduled 780. In a bank which of the following are the
banks? usual types of Deposits accounts?

A. The Fuji Bank Limited A. Savings accounts, Electricity accounts
and Insurance Premium accounts
B. IDBI Bank Limited
B. Fixed deposits, Post office Savings
C. Centurian Bank of Punjab Limited
Bank accounts and Current Deposit ac-
D. All of the above counts
C. Current Accounts, Saving Bank ac-
776. Which one of the following may be the
counts and Term Deposit accounts
consequence of buying forex in the market
by the RBI? D. Loan accounts, Savings Bank accounts
and Term Deposit accounts
A. It leads to inflation
B. It leads to control over inflation 781. The Defence Acquisition Council (DAC),
chaired by Defence Minister Smt Nirmala
C. It does not affect inflation
Sitharaman accorded approval for pro-
D. It results into deflation curement for the Services amounting to
approximately crores.
777. When was the Industrial Finance Corpo-
A. Rs. 52, 000 crores
ration of India setup in India?
B. Rs. 87, 000 crores
A. 1945
C. Rs. 50, 000 crores
B. 1948
D. Rs. 46, 000 crores
C. 1951
D. 1991 782. The debenture holders of a company are
its
778. A banking system where all operations A. Employees
are confined to a single office is known
B. Debtors
as
C. Creditors
A. Unit Banking
D. Partners
B. Group Banking
C. Chain Banking 783. Where is the corporate office of Micro
Units Development and Refinance Agency
D. Branch Banking (MUDRA) Bank?
779. Small savings Scheme like National Sav- A. Kolkata
ings Certificates, Public Provident Fund, B. Bengaluru
Monthly Income Schemes are popular
C. Mumbai
among the salaried people. Which finan-
cial institutions manage these schemes? D. New Delhi
A. Public sector banks 784. RBI, in consultation with the Govern-
B. Commercial banks ment, has hiked the FPI investment limit
in Central government securities (G-Sec)
C. Post offices
from 5% of outstanding stock now to
D. Co-operative banks 5.5% in FY2019 and in FY2020.

88
A. 6.00% C. which has deposits exceeding Rs. 10

B. 5.90% crore
C. 5.80% D. which has its name added to the sec-

ond schedule of the Reserve Bank of India
D. 5.70% Act, 1934
785. Which of the following was implemented 789. Under the scheme of Co-operative Agri-
by National Payments Corporation of In- cultural Credit developed in India, the
dia (NPCI) for Banks, Financial Institutions
NARAYAN CHANGDER
state Co-operative Bank has been consid-
and Corporate etc.? ered such a vital link that
A. National Automated Clearing House A. it has been given a status comparable
(NACH) to that of a scheduled bank
B. National Automatic Clearing House
B. for certain purposes, the central fi-
(NACH)
nancing agencies have been treated as its
C. National Automated Cleared House branches
(NACH)
C. Both A and B
D. National Automatic Cleared House
D. All
(NACH)
790. Which of the followinf is/are uses of for-
786. RBL/Ratnakar Bank Limited is a sched-
eign exchange reserves?
uled commercial bank. Where is the Regis-
tered Office of RBL Bank Limited? A. Back liablities on their own
A. Nagpur B. Influence Monetary policy
B. Kolhapur C. Both 1 and 2
C. Nashik D. None of the above.
D. Pune
791. When did Negotiable Instruments Act,
787. Banking Regulation Act 1949 does not 1881 came into force?
apply to A. 9th December, 1881
A. Nationalised Banks B. 19th December, 1881
B. Foreign Banks having branches in india C. 1st March, 1882
C. State Bank of India and its associates D. none of the above
Banks
D. Primary agricultural credit socities 792. What is notice money?
and co-operative land mortgage banks A. It is an overnight loan in the money
market
788. A scheduled bank is one
B. It is loan of above 1 day to 14 days in
A. which conforms to the requirements
the money market
of Schedule III of the Banking Regulation
Act, 1949 C. It is loan of above 14 day to 364 days
in the money market
B. which has been declared as a sched-
uled bank by the Government of India D. None of the above

89
793. Alphabet Inc’s Google has partnered with C. DNBS

four Indian banks to grant consumer loans D. UBD
online, as the fight for a$ 1 trillion digital

finance market intensifies. Which of the 798. Which of the following is governed by the
following is not one of the four banks? provisions of Section 42 (1) of the Reserve
Bank of India Act, 1934?
A. HDFC Bank Limited
A. Bank rate
B. ICICI Bank Limited
C. Kotak Mahindra Bank Limited
C. SLR
D. South Indian Bank Limited
D. CRR
794. Which of the following is not a contribut-
799. RBI revised premature deposit rules of
ing factor to micro-credits?
which type of accounts?
A. EMI A. Kiddy accounts
B. Collaterals B. Current accounts
C. KYC norms C. Large value fixed deposit accounts
D. Pre-payment charges D. Dollar savings accounts
795. With a view to improving the perfor- 800. After how many crop seasons, an unpaid
mance of RRBs and giving more powers short duration Farm loan will be termed as
and flexibility to their boards in decision- NPA?
making, the Reserve Bank had constituted A. 1 crop season
task force on empowering the RRB Boards
for Operational Efficiency. The task force B. 2 crops seasons
was headed by C. 2 years
A. KG Karmakar D. 4 crop seasons
B. SS Tarpore 801. Which financial institution established by
C. Rangarajan IBRD-American Mission, in 1955?
D. None of the above A. IDBI

B. ICICI
796. FICCI is the largest and oldest apex busi-
C. SBI
ness organization in India. In which year
FICCI was established? D. RRB
A. 1967 802. As per the reports in the major financial
B. 1957 newspapers, India has urged China to re-
dress imbalance in trade. What does it re-
C. 1947 ally mean? It means
D. 1927 A. India exports more items to China
whereas China does not export much to
797. Which RBI department regulates the Non-
India.
Banking Financial Companies?
B. India is not able to export much to
A. DBS China whereas its import from China is of
B. DBOD higher value.

90
C. China and India are not at all trade B. Enquiries about collection or specific
partners. Hence there is no transaction credits/debits transaction
between the two countries. C. Request for statement of accounts
D. As per WTO laws, India is supposed D. All of the above
to export food-grains to China. But China
has not placed any order for the same in 808. Credit Rating Agencies denote the rating
2006-07. It has also refused to accept 200 score by which of the following symbols?
lakh tonnes of wheat exported to it by In- A. Simple Alphanumeric Symbols
NARAYAN CHANGDER
dia.
B. Special Symbols
803. Which one of the following represents C. Numerical
capital adequacy ratio for commercial D. None of the above
banks?
A. Ratio of capital to risk-weighted assets 809. Who is the chairman of the committee
constituted by RBI to study Issues and
B. Ratio of capital to advances Concerns in the Micro Finance Institutions
C. Ratio of capital to short-term deposits (MFI) Sector?
D. Ratio of capital to non-performing as- A. YH Malegam
sets B. Dr KC Chakraborty
804. The bank to launch ‘video branch’ is? C. M Damodaran
A. HSBC D. Smt Usha Thorat
B. ICICI 810. Which of the following is not a measure
C. IndusInd adopted by the Government or RBI to con-
trol inflation?
D. Yes Bank
A. Monetary policy
805. In 1991, the SLR was as high as B. Fiscal policy
A. 25% C. Bank Rate
B. 30% D. Financial inclusion
C. 38.50%
811. Which of the following entities are not
D. 0.395 covered under the Banking Regulation Act
1949?
806. Amounts up to may be paid in cash to
a beneficiary in India through MTSS. A. Public Sector banks
A. Rs 50, 000 B. Cooperative Banks
B. Rs 25, 000 C. Primary Agricultural Credit Society

D. All of the above
C. Rs 75, 000
D. Rs 1, 00, 000 812. MICR is a digit code.
A. 13
807. What are the various facilities offered by
banks through Tele banking? B. 12
A. Balance enquiries and Transfer of C. 09
funds D. 11

91
813. In January 2019, LIC has completed the 817. Special Drawing Rights (SDR) are supple-
process of picking up a controlling stake mentary foreign exchange reserve assets
in the nearly crippled IDBI Bank. defined and maintained by

A. 51% A. Asian Development Bank (ADB)
B. 49% B. Reserve Bank of India (RBI)
C. 75% C. World Bank (WB)
D. 25% D. International Monetary Fund (IMF)
814. What is the maximum loan amount per- 818. Under AFCSS, announced by Assam gov-
mitted under the Personal Loan in India? ernment, whatever amount of loan the
A. Depends upon the income of the bor- farmers took from banks and whatever
rower amount they repaid, of the money will
be reimbursed by the state government.
B. Maximum amount is such that EMI is
not more than 40-50% of the monthly in- A. 60%
come. B. 33%
C. Unlimited C. 75%
D. Both A and B D. 25%
815. Consider the following statements re- 819. Bad loans in banking terminology are gen-
garding the features of the Indian money erally known as
market A. Prime Loans
1. It finds avenues for profitable in- B. Prime Asset
vestment for short-term surplus
C. BPOs
2. It opens the door for the Commercial
Banks to occupy a strategic position D. NPAs
in regulating money market.
820. The government and World Bank signed
3. It provides short-term funds for
a$ 100 million (about Rs 6, 400 crore)
Banks.
loan agreement to promote rural economy
Which of the statements given above in selected blocks of across 26 districts,
is/are correct? benefiting over 4 lakh people.
A. Only 1 A. Andhra Pradesh
B. Only 2 B. Karnataka
C. 1 and 3 C. Tamil Nadu
D. All the above D. Kerala
816. Which of the following NBFCs are in- 821. The 22nd All India Institute of Medical
volved in investing the pooled capital of Sciences (AIIMS) will be established in
investors in financial securities? which state?
A. Loan Companies A. Bihar
B. CIC-ND-SI B. Uttar Pradesh
C. IDF-NBFC C. Haryana
D. Investment Company D. Rajasthan

92
822. As we all know, Govt ofIndia is giving 825. Union Government is launching a his-
much emphasis these days on the devel- toric programme PM-KISAN with an out-
opment of Small and Medium Enterprises lay of Rs crore for the FY 2019-20 and
(SMEs). Which of the following state- Rs crore in the Revised Estimates of FY
ments reflects the importance of the SME 2018-19.
sector in the India economy? A. Rs.75, 000 crore and Rs.20, 000 crore
1. The Govt is following a policy of B. Rs.25, 000 crore and Rs.10, 000 crore
keeping some items reserved for
NARAYAN CHANGDER
SMEs only. Hence a good number C. Rs.35, 000 crore and Rs.30, 000 crore
of items for local consumption come D. Rs.45, 000 crore and Rs.50, 000 crore
from these alone.
826. Which of the following statements is in-
2. The main advantages of SMEs are
correct about negotiable instruments?
reduction of regional imbalances,
low investment, greater operational A. Pay A or Order
flexibility and low production cost. B. Pay to Order to A
This helps in good control over prices
C. Pay A and B
of such items in local markets.
3. A very large number of people are D. Pay A only
employed in this sector and this sec- 827. The RBI mainly considers retail inflation
tor is the second largest employer in data while formulating monetary policy.
India, after agriculture. What was the retail inflation in September
A. Only 1 2018?
B. Only 2 A. 5.13%
C. Only 3 B. 3.77%
D. All the above C. 3.69%
823. India’s foreign exchange reserves hit a D. 4.53%

life-time high of 424.361 billion US dollar 828. Union budget is always presented first in
after rising by 1.828 billion dollars in the
A. the Lok Sabha
week to 30th March 2018. The foreign
reserves are managed by B. the Rajya Sabha
A. Ministry of Finance C. joint session of the Parliament
B. Government of India D. meeting of the Union Cabinet
C. Reserve Bank of India 829. The RBI in consultation with the govern-
D. Export-Import Bank of India ment of India has set the limits for WMA
for the first half of the financial year 2019-
824. Commercial banks in India were national- 20 (April 2019 to September 2019) at Rs
ized in 1969 because: 75000 crore. What is the full form of
A. There was urban bias WMA?
B. Agriculture sector was neglected A. Ways and Means Advances
C. There was concentration of economic B. Ways and Means Account
power C. Ways and Means Amount
D. All of the above D. Ways and Means Assets

93
830. Which of the following is/are different 834. The parameters that invite Prompt Cor-
categories of inflation? rective Action from the central bank are

1. Open and suppressed A. Capital to Risk weighted Asset Ratio
2. Cost push B. Net Non-Performing Assets (NPA)
3. Deman pull
C. Return on Assets (RoA)
given below: D. All of the Above
A. Only 1 835. Which of the following clearly defines the

B. 1 and 2 Factoring business?
C. 2 and 3 A. It is a type of debtor finance in which

a business sells its accounts receivable .
D. All of these
B. The receivables are sold to the third
831. What is the full form of LSR in Banking party (called a factor) at a discount.
and Finance? C. It is commonly referred to as accounts
A. Liquidity Service Ratio receivable factoring, invoice factoring.
B. Liquidity System Ratio D. All of the Above
C. Liquidity Stress Ranking 836. In which of the following, investable cap-

D. Liquidity Stress Ratio ital for non-financial companies is avail-
able?
832. The Asian Development Bank will in- A. Insurance markets
crease its annual lending to India to a
maximum of how much billion between B. Public markets
2018 and 2022 to help fasten inclusive C. Financial companies
economic transformation towards upper
D. Capital market
middle-income status.
A. $ 6 billion 837. VCTs invest in which of the following as-
sets?
B. $ 4 billion
A. Any new start up company
C. $ 10 billion
B. Company listed in Stock Exchange
D. $ 15 billion
C. Companies listed on AIM.
833. In insurance, IBNR claims is the amount D. None of the Above
owed by an insurer to all valid claimants
who have had a covered loss but have not 838. Banks can not generally accept interest-
yet reported it. What is the meaning of free deposits. Which of the following is
“I” in IBNR? an exception to this rule?
A. Initial A. Current Account
B. Institute B. Savings Account of Minors
C. Insurance C. Deposit from Minority groups
D. Incurred D. BSBDA

94
839. At present, the formula for subscription logo of the firm can be seen printed on
to RRBs capital has been fixed at credit cards/ATM centres etc.)
A. Central Government 50%, State Gov- A. Visa
ernment 35% and Sponsor Bank 15% B. Max
B. Central Government 60%, State Gov- C. BSE
ernment 20% and Sponsor Bank 20%
D. Sensex
C. Central Government 30%, State Gov-
NARAYAN CHANGDER
ernment 30% and Sponsor Bank 40% 844. Opening the Saving Bank Account of a mi-
D. Central Government 35%, State Gov- nor girl will be called as which of the fol-
ernment 35% and Sponsor Bank 30% lowing in Banking terminology?
A. Retail Banking
840. For which of the following reasons RBI
B. Merchant Banking
has decided to undertake mid-quarter pol-
icy reviews? C. Institutional Banking
1. Bank Rate and Repo Rate D. Social Banking
2. Reverse Repo Rate
3. CRR and SLR 845. CAG has announced that Comptroller and
Auditor General has become the Vice-
A. Only 1 Chair of the UN Panel of Auditors.
B. Only 2 A. Shaktikanta Das
C. Only 3 B. Alok Verma
D. All the above C. Shashikant Sharma
841. 1st NAFIS, conducted by National Bank D. Rajiv Mehrishi

for Agriculture and Rural Development
846. Reserve Bank of India maintains the Prin-
(NABARD). What percent of the house-
cipal Accounts of Central as well as State
holds reported having a bank account in
Governments at its Central Accounts Sec-
this survey?
tion in
A. 77.20% A. Mumbai
B. 88.1% B. Nagpur
C. 66.30% C. Pune
D. 55.40% D. Kolkata
842. What does the Credit Rating Agency IND- 847. Which of the following statements is in-
RA stand for? correct about NBFCs?
A. India Ratings and Research A. An NBFC cannot accept demand de-
B. India Ratings Agency posits.
C. India Ratings Association B. These institutions trade in the capital
market in a variety of assets and liabili-
ties.
843. Which of the following is a leading C. An NBFC can issue cheques drawn on
electronic-payment technology firm? (The itself.

95
D. Deposit insurance facility of Deposit to a financial transaction, in any jurisdic-

Insurance and Credit Guarantee Corpora- tion. It is a unique digit alphanumeric
tion is not available for NBFC depositors. code that is assigned to a legal entity.

A. 20
848. Commercial banking system means
B. 15
A. Scheduled and non-Scheduled banks
C. 25
B. Private sector and public scheduled
banks D. 10
C. Both A and B 853. What is the maximum period for which
D. Regional rural banks, co-operative domestic term deposits are normally ac-
banks and NBFCs cepted by banks in our country?
A. 3 years
849. RTGS is a centralized payment system
B. 5 years
through which inter bank payment instruc-
tions are processed and settled. What is C. 7 years
the meaning of “T” in RTGS? D. 10 years
A. Traded 854. Which market involves transactions in pa-
B. Travel per assets issued by banks to depositors
C. Transport who are willing to leave their money on
deposit for a specified period of time?
D. Time
A. Gilt repo market
850. The government has decided to infuse B. Sterling certificates of deposit market
an additional outlay to cash-starved pub-
C. Primary market
lic sector banks (PSBs). What is the addi-
tional amount decided by the government? D. Secondary market
A. Rs 61, 000 crore 855. The Income Tax Department has clarified
B. Rs 41, 000 crore that the cash sales of agricultural pro-
duce by a cultivator to a trader for less
C. Rs 100, 000 crore than will not attract tax under the In-
D. Rs 33, 000 crore come Tax Act.
A. 5 lakh rupees
851. is a one year cover Term Life In-
surance Scheme, renewable from year to B. 2 lakh rupees
year, offering life insurance cover for C. 4 lakh rupees
death due to any reason. D. 3 lakh rupees
A. PMGKY
856. If the Cash Reserve Ratio (CRR) is low-
B. PMMY ered by the RBI, its impact on credit cre-
C. APY ation will be
D. PMJJBY A. Increases
B. Decreases
852. Legal Entity Identifier (LEI) is a global ref-
erence number that uniquely identifies ev- C. No impact
ery legal entity or structure that is party D. All of the above

96
857. IMPS is functional through which of the A. The transactions take place in real
following? time
A. ECS B. The system operates on DNS (De-
ferred Net Settlement) basis
B. EFS
C. The minimum amount that can be re-
C. NFS mitted is Rs. 2 lakh
D. RTGS D. Service charges for RTGS transactions
vary from one bank to another
NARAYAN CHANGDER
858. Reserve money includes
A. Time deposit with the Banks only 863. Which of the following is the leading
contributor to Unified Payments Interface
B. Currency with the public and cash with (UPI) payments with over 33% of the
Banks overall market share?
C. Cash with Banks only A. PhonePay
D. Cash with Banks and post office sav- B. Paytm
ings bank deposits C. FreeCharge
859. The Reserve Bank to purchase govern- D. Google Pay
ment securities (G-secs) worth crore in
864. Industrial production growth slipped to a
September 2018, a move aimed at induc-
seven-month low of in May mainly due
ing liquidity in the system.
to sluggish performance of manufacturing
A. Rs 10, 000 crore and power sectors and other reasons, ac-
B. Rs 20, 000 crore cording to the data released by the Central
Statistics Office.
C. Rs 40, 000 crore
A. 3.80%
D. Rs 60, 000 crore
B. 3.60%
860. The activity of purchasing shares of vari- C. 3.40%
ous companies is called D. 3.2%
A. Online Trading
865. Dena Bank is based in
B. Share Trading A. Bengaluru
C. Real estate investment B. Kolkata
D. Corporate Trading C. Chennai
861. Which of the following is not included in D. Mumbai
National Income Accounts? 866. Maharashtra Government has
A. Second hand goods launched assisted State of Maharash-
tra’s Agribusiness and Rural Transforma-
B. Transaction in stock markets
tion (SMART) Project.
C. Transfer payments A. AIIB
D. All of the above B. IMF
862. Which of the following statements is in- C. World Bank
correct regarding RTGS system? D. ADB

97
867. Small Industries Development Bank of In- 871. What is the maximum period of maturity
dia (SIDBI) is an independent financial in- prescribed for Commercial Paper (CP)?
stitution aimed to aid the growth and de-

A. 10 years
velopment of micro, small and medium-
scale enterprises in India. Who is present B. 06 years
Chairman & Managing Director (CMD) of C. 01 Year
SIDBI?
D. 02 years
A. Pankaj Jain
872. Economic Affairs Secretary Subhash
B. Mohammad Mustafa Chandra Garg has been appointed as In-
C. Dr Kshatrapati Shivaji dia’s Alternate Governor to the Board of
Governors of
D. J Chandrasekaran
A. Asian Development Bank
868. Which of the following is incorrect about B. International Monetary Fund
the recommendations of Narasimham Com-
C. World Bank
mittee Report, 1998?
D. New Development Bank
A. Reduced CRR and SLR
B. Deregulation of Interest Rate 873. NABARD provides refinance assistance
for
C. Establishment of the ARF Tribunal
A. promotion of agriculture
D. Fixing Prudential Norms
B. promotion of small scale industries
869. Almost all banks in our country have in- C. cottage and village industries
troduced facility for granting crop loans to D. All of the above
farmers.
A. Term Loans 874. The services provided by merchant
bankers includes
B. Kisan Credit Cards
1. management of mutual funds.
C. Bank Guarantee 2. public issues.
D. Foreign Exchange 3. dealing with the corporate clients
and advising them on various issues.
870. Which of the following statements are Select the correct answer using the codes
correct about Finance Commission? given below
1. It is a statutory body. A. Only 1
2. It is constituted under article 280 of B. 1 and 2
Indian constitution.
3. Mr. K. C. Pant is the Chairman of 13 C. 2 and 3
Finance Commission. D. All of these
A. Only 1 875. The GST Council has cleared the pending
B. 2 and 3 rules, including transition provisions and
returns, with all the States agreeing to the
C. 1 and 2
July 01st 2017 rollout of the tax. What
D. All the above. is the meaning of “S” in GST?

98
A. Solutions 880. is the value of all finished goods and

services produced in a country in one year
B. Semester
by its nationals.
C. System A. NPA
D. Services B. GNP
C. CDS
876. Certificates of Deposits can be issued for
a minimum period of D. GDP
NARAYAN CHANGDER
A. 1 year 881. Sub-prime refers to
B. 6 months A. lending done by banks at rates below
PLR
C. 4 months
B. funds raised by the banks at sub libor
D. 3 months rates
877. AU Small Finance Bank has received Re- C. group of banks which are not rate as
served Bank of India (RBI) approval to op- prime banks as per banker’s almanac
erate as Scheduled Commercial Bank re- D. lending done by financing institutions
cently. Where is headquarters of AU Small including banks to customers not meeting
Finance Bank? with normally required credit appraisal
standards
A. Chandigarh
B. Patna 882. The Banking Ombudsman Scheme was in-
troduced under of the Banking Regula-
C. Gandhinagar tion Act, 1949 by RBI with effect from
D. Jaipur 1995.
A. Section 25A
878. Paid-up share capital of Regional Rural B. Section 35A
Bank (RRB) is contributed by
C. Section 45A
A. Central Government
D. Section 15A
B. State Government
883. Crisis Management Center for women
C. Central Government, State Govern- will be open at?
ment and the Sponsor Commercial Bank
A. Delhi
in the ratio of 50: 15: 35 respectively
B. Mumbai
D. NABARD, the concerned State Govern-
ment and the Sponsor Commercial Bank in C. Bangalore
the ratio of 60: 20: 20 respectively D. Kolkata
879. SEBI is a 884. Which of the following can be categories

as a Merchant Banking service?
A. Statutory body
A. Consultancy on finance to a company
B. Advisory body B. Advance in capital structure
C. Constitutional body C. Managing mergers
D. Non-Statutory body D. All the above

99
885. Board for Financial Supervision (BFS) con- 890. What was the motive to bring the Pay-
stituted in 1994 by RBI to undertake con- ment and Settlement Systems Act, 2007
solidated supervision of into being?

A. commercial banks A. to provide for the regulation and super-
B. financial institutions vision of payment systems
C. non-banking finance companies B. to designate RBI as the authority
D. All of the above C. matters connected therewith or inci-

dental thereto
886. Which of the following Indian Banks is D. All of the above
not a Nationalised Bank?
891. Which of the following is a term not
A. Corporation Bank
linked to banking and financial transac-
B. Dena Bank tions?
C. Federal Bank A. Provision coverage ratio
D. Vijaya Bank B. Securitization
887. What is Repo Rate? C. Credit default swap
A. It is a rate at which RBI sell govern- D. Consolidation
ment securities to banks
892. The CCI has imposed a fine of around Rs.
B. The rate at which banks borrow money 136 crores on search engine major Google
from the RBI by selling their surplus gov- for unfair business practices in the Indian
ernment securities to RBI market for online search. CCI stands for
C. It is a rate at which RBI allows small A. Competition Commission of India
loans in the market
B. Competition Council of India
D. It is a rate which is offered by Banks
C. Competition Commission of Interna-
to their most valued customers or prime
tional
customers
D. Core Commission of India
888. The Union Budget 2018-19 has doubled
the allocation on Digital India programme 893. What does the term ‘bancassurance’
to Rs crore in 2018-19. mean?
A. Rs 1231 crore A. Assurance from the bank to its account
holder regarding the safety of his money
B. Rs 16321 crore
B. A special product designed by the bank
C. Rs 3073 crore
C. Selling of insurance policies by banks
D. Rs 7029 crore
D. The understanding between banks and
889. Life span of Rs. 10 notes are insurance companies
A. 10-15 months 894. Which of the following comes under
B. 16-19 months Statutory Pre-emotions?
C. 10-18 months A. Cash Reserve Ratio
D. 20-25 months B. Statutory Liquidity Ratio

100
C. Both A and B D. 1956

D. None 899. Which of these banks are not-for-profit
895. Chanda Kochhar has quit as CEO banks owned by the depositor?
of with immediate effect. A. Cooperative banks
A. Axis Bank B. Merchant banks
B. ICICI Bank C. Land Banks
NARAYAN CHANGDER
C. HDFC Bank D. None of the above
D. IDBI Bank
900. Which of the following banks has been
896. Which of the following is covered in the included in the second Schedule to the RBI
list of services for service tax purposes? Act, 1934 with effect from 21st August,
2004 and thus, is the latest entrant in In-
1. Insurance/health services
dian banking as a new generation private
2. Hotel accommodation/air travel ser-
sector bank?
vices
3. Money changers/legal services A. ICICI Bank Limited
A. Only 1 B. HDFC Bank Limited
B. Only 2 C. Kotak Mahindra Bank Limited
C. Only 3 D. Yes Bank Limited
D. All the above. 901. Consider the following statement and
state which among those is/are correct?
897. Consider the following statements re-
Regional rural banks in India
garding Special Drawing Rights (SDR)
1. Are required to assist the weaker
1. SDR is known as the paper gold
sections
2. It is an international unit of account
2. Are to help small and marginal farm-
3. The IMF pays no interest on all hold-
ers only
ings of SDRs, kept in the special
3. Have free access to liberal financial
drawing account
assistance from NABARD
4. The Quotas of all currencies in the
4. Have a limited area of operation
IMF General account are also valued
in terms of the SDR A. 1, 3 and 4
A. 1, 2 and 3 B. Only 2
B. 2, 3 and 4 C. 2 and 3
C. 1, 2 and 4 D. 1 and 4
D. 1, 3 and 4 902. Which of the following terms indicates a
898. In which among the following year the mechanism used by commercial banks for
New India Assurance Company Limited providing credit to the government?
(NIACL) was founded? A. Cash Credit Ratio
A. 1919 B. Debt Service Obligation
B. 1973 C. Liquidity Adjustment Facility
C. 1949 D. Statutory Liquidity Ratio

101
903. Which of the following documents are C. DEIO

considered as officially valid documents
D. DGBA
for the proof of identity?

A. Driving Licence card 908. The Budget proposals also seek to pro-
B. MNREGA Job Card vide relief to salaried tax payers by allow-
ing a Standard Deduction of in place of
C. Aadhar Card
the present exemption allowed for trans-
D. All of the above port allowance and reimbursement of mis-
cellaneous medical expenses.
904. The finance ministry has announced that
the sixth tranche of electoral bonds sale A. Rs. 50, 000
has been started. Which bank is the only
B. Rs. 20, 000
authorised bank to issue such bonds?
A. PNB C. Rs. 40, 000
B. ICICI D. Rs. 60, 000
C. BOB
909. India Development Bond was issued in
D. None of the above option is true 1991-92 by
905. Moody’s Investors Service estimated A. SBI
that India will grow in the calendar year
B. RBI
2018 and in 2019, amid signs of eco-
nomic recovery from the impact of demon- C. UTI
etisation and GST.
D. NHB
A. 7.2% and 7.3%
B. 7.4% and 7.5% 910. We often see the names of two personali-
C. 7.7% and 7.9% ties in newspapers/magazines/electronic
media. These names are Dr. C Rangara-
D. 7.6% and 7.5% jan and Dr Bimal Jalan. In their lives, one
906. ECGC Limited (Export Credit Guarantee thing in common. That is
Corporation of India Ltd) is a company A. Both are the chief economic advisors
wholly owned by? to Prime Minister of India.
A. RBI B. Both are Members of Parliament.
C. Both are former Governors of RBI.
C. IRDAI
D. Both were Finance Ministers of India.
D. NABARD
907. is responsible for discharging certain 911. The commercial paper is issued to raise
core traditional central banking functions, deposits by
viz., acting as bankers to the Government A. Commercial Banks
and banks and managing public debt of
both, central and state governments. B. Reserve Bank of India
A. CDBS C. Every Non-Banking company

B. FISIM D. State Bank of India

102
912. When was Self Help Group introduced in 917. Which of the following measures can
India? check Inflation?
A. 1996 A. Surplus Budgeting
B. 2000 B. Increase in direct taxation
C. 1980 C. Curtailment in public expenditure
D. 1992 D. All of the above
NARAYAN CHANGDER
913. Who was the chairman of Committee on 918. CFRA is a unique document that incorpo-
Deepening of Digital Payments formed by rates comparable information relating to
RBI? the accounts of the Union and all the States
A. Nandan Nilekani for a year, together with their balances
and outstanding liabilities and other infor-
B. Sanjay Jain mation relating to the financial health of
C. Kishore Sansi the Union and the States. CFRA stands for
D. Nachiket Mor A. Combined Finance and Revenue Ac-
counts
914. RRBs are working in all states of the
B. Common Finance and Revenue Ac-
country except
counts
A. Sikkim
C. Combined Funding and Revenue Ac-
B. Goa counts
C. Andhra Pradesh D. Combined Finance and Review Ac-
D. Both A and B counts
915. The Insurer shall comply with the Award 919. Which among the following companies
within days from the date of receipt of has topped the Fortune Global 500 list of
the Award and intimate of its compliance the world’s biggest companies?
to the Insurance Ombudsman. A. Exxon Mobil
A. 75 days B. Wal-Mart
B. 45 days C. Sinopec Group
C. 60 days D. Indian Oil Corp
D. 30 days
920. For what kind of transactions, are demat
916. The Union Minister for Finance and Cor- accounts necessary?
porate Affairs Mr Arun Jaitley launched A. For trading in shares of companies
CriSidEx, India’s first sentiment index for
micro and small enterprises ( MSEs) devel- B. For having mobile banking facilities
oped jointly by C. For taking retail loans from banks
A. TRAI and SBI D. For non resident account
B. IRDAI and NPCI 921. BEF is the statement which banks submit
C. RBI and SEBI to RBI relating to:
D. CRISIL and SIDBI A. Transactions in US Dollars

103
B. Importers who have not submitted 926. Name the person, who is present Chair-
documentary evidence for import within man of State Bank of India (SBI)?
stipulated time period

A. B Sriram
C. Over due export bills
B. Rajnish Kumar
D. Non performing assets
C. Arundhati Bhattacharya
922. FDI to India decreased to billion dollars D. Dinesh Kumar Khara
last year from 44 billion dollars in 2016
while outflows from India, the main source 927. Which was the first bank to introduce
of investment in South Asia, more than ATM in India?
doubled, according to a new trade report
by the UN. A. IDBI
A. 39 billion dollars B. UTI
B. 38 billion dollars C. ICICI
C. 41 billion dollars D. HSBC
D. 40 billion dollars
928. India and the Asian Development Bank
923. When the loan is granted for purchase of (ADB) signed a loan agreement of
white goods, it is called amount for completion of works for
double-tracking and electrification of rail-
A. Consumption loan ways tracks.
B. White goods loan
A. $ 180 million
C. Consumer durable loan
B. $ 120 million
D. Business loan
C. $ 150 2illion
924. NABARD stands for D. $ 320 million
A. National Bank for Agriculture and Ru-
ral Derivative 929. With which bank South Gujarat Local
Area Bank Ltd was merged in 2004?
B. National Bank for Agriculture and Ru-
ral District A. Punjab National Bank
C. National Bank for Agriculture and Ru- B. State Bank of India
ral Development
C. Bank of Baroda
D. National Bank for Agriculture and Ru-
D. Syndicate Bank
ral Division
925. RRB’s were established on the recom- 930. The stock market index of London, stock
mendations of market is referred as
A. Narsimham committee A. sensex

B. N. L. Dantwala committee B. footsie
C. B.Shivraman Committee C. nifty
D. S. M. Kelkar committee D. bullish

104
931. ICICI Prudential Mutual Fund has 935. Government through the Budget Speech
launched a new website ‘PlanYour- announced three ambitious Social Security
Goal.com’ to help users plan their invest- Schemes pertaining to the Insurance and
ments according to their future financial Pension Sectors, namely PMJJBY, PMSBY
goals. Who is the CEO of ICICI Bank? and an the APY to move towards cre-
ating a universal social security system,
A. Chanda Kochchar
targeted especially for the poor and the
B. Shikha Sharma under-privileged. Hon’ble Prime Minister
launched PMJJBY and PMSBY schemes na-
NARAYAN CHANGDER
C. Naina Lal Kidwai
tionally in
D. Uday Kotak
A. Pune
932. Which year was declared as the ‘Interna- B. Patna
tional Year of Microcredit’ by United Na-
C. Mumbai
tions?
D. Kolkata
A. 2002
B. 2009 936. Who was known as the “Father of Mod-
ern Economics”?
C. 2005
A. Amartya Sen
D. 2011
B. Karl Marx
933. Which of the following is a foreign bank C. Adam Smith
having branches in India?
D. George Loewenstein
A. HDFC Bank
B. ICICI Bank 937. The Reserve Bank of India began produc-
tion of notes in 1938, issuing Rs. 2, 51,
C. Yes Bank 01, 000 notes. Rs. 500 note was re-
D. Standard Chartered Bank introduced again in
A. 1987
934. Very often we read in the newspapers
about various measures taken up to con- B. 2000
trol the flow of the capital in the Indian C. 2003
markets.
D. 2006
1. Indian bank’s association
2. RBI 938. World Bank has projected India’s growth
3. SEBI rate at in 2018 and 7.5 for the next
two years.
Who amongst the following is/are the reg-
ulators who can control the flow of the A. 7.3 percent
same in India? B. 7.1 percent
A. Only 1 C. 7.5 percent
B. Only 2 D. 7.7 percent
C. Only 3
939. Expand the term BCBS. [Corporation
D. Both (2) & (3) Bank 2011]

105
A. Bank’s Committee on Banking Supervi- understand, categorise, prioritise and re-

sion spond to customer emails sent to the pri-
vate insurer?

B. Basel Committee on Banking Supervi-
sion A. HDFC Life
C. Bank’s Commission on Banking Super- B. NICL
vision C. Reliance
D. Basel Commission on Banking Supervi- D. TCS
sion
945. In which year did the United Nations Gen-
940. E-KYC is possible only for those who eral Assembly adopted the World Environ-
have ment Day?
A. PAN Card A. 1970
B. Driving License B. 1972
C. Ration Card C. 1981
D. Aadhaar Number D. 1985
941. Who has quit as CEO of ICICI Bank with 946. As per the reports published in various
immediate effect recently? journals and newspapers, the small bor-
rowers in rural areas still prefer to take in-
A. Amitabh Chaudhry formal route for their credit needs. Which
B. Chanda Kochhar of the following is the informal route of
credit in the financial sector?
C. Sandeep Bakhshi
A. Credit cards
D. Rana Kapoor
B. Loan against gold from financial insti-
942. Which of the following training establish- tute
ment is not run by Reserve Bank of India? C. Debit cards
A. Bankers Training College, Bombay D. Money lender
B. College of Agricultural Banking, Pune
947. In which year the Paper Currency Act was
C. NIBM passed?
D. All of the above A. 1861
943. The total authorised capital of RRBs was B. 1885
originally fixed at Rs. 1 crore which has C. 1909
since been raised to D. 1919
A. Rs. 2 crore
948. The Lead Bank Scheme was finalised to
B. Rs. 3 crore adopt a which of the following for inten-
C. Rs. 5 crore sive development?
D. Rs. 7 crore A. Town
B. District
944. Which company has announced the launch
of an artificial intelligence-based applica- C. State
tion ‘SPOK’ that can automatically read, D. Village

106
949. Chennai is the headoffice of which of the from Rs 56, 619 crore in 2018-19 finan-
following banks? cial year to Rs in 2019-20.
A. Bank of India A. Rs 32, 703 crore
B. Indian Bank B. Rs 47, 504 crore
C. Andhra Bank C. Rs 15, 217 crore
D. Dena Bank D. Rs 76, 801 crore
NARAYAN CHANGDER
950. What does CRISIL stand for? 955. What is the full form of IDRBT in Banking
and Financial terms?
A. Credit Rating and Industrial Services
of India Limited A. Institute for Department and Research
in Banking Technology
B. Cash Rating and Industrial Services of
India Limited B. Institute for Development and Re-
search in Banking Technology
C. Credit Rating and Investment Services
of India Limited C. Institute for Development and Re-
search in Bureau Technology
D. Currency Rating and Investment Ser-
vices of India Limited D. Institute for Development and Re-
search in Board Technology
951. NAV is normally used in respect of
schemes floated by 956. Which committee has recommended the
setting up of Special Tribunals to reduce
A. Banks
the time required for settling cases and ac-
B. Mutual funds cepting the recommendations, DRTs were
C. Insurance Companies established?
D. Merchant banker A. Kelkar committee
B. Justice Reddy committee
952. Where is the headquarter of Reserve
Bank of India? C. Rangarajan Committee
A. Mumbai D. Narasimham Committee
B. Delhi 957. Which of the following methods is cur-
C. Kolkata rently used in India to issue note?
D. Ahmedabad A. Fixed Fiduciary System
B. Maximum Fiduciary System
953. How many banks are presently nation-
alised banks in India? C. Percentage Reserve System
A. 14 D. Minimum Reserve System
B. 15 958. Who is a very senior citizen under Income
C. 19 Tax Rules?
D. 20 A. A person who is 65 years and above

B. A person who is 75 years and above
954. Interim finance minister Piyush Goyal has
announced a 35.6% increase in Allocation C. A person who is 80 years and above
for Welfare of Scheduled Castes (AWSC) D. A person who is 90 years and above

107
959. The currency notes issued by RBI have a B. AV Girija Kumar

cent percent cover is C. Girish Radhakrishnan

A. approved assets D. Tajinder Mukherjee
B. gold
964. Which among the following Deputy Gov-
C. foreign exchange ernor of RBI is credited with the task of
D. trustee securities constituting Public Credit Registry in In-
dia?
960. The Securities and Exchange Board of In-
A. B P Kanungo
dia (SEBI) is the regulator for the securities
market in India. It was established on B. N S Vishwanathan
A. 12th April 1992 C. Viral Acharya
B. 12th April 1988 D. Mahesh Kumar Jain
C. 12th April 1990 965. Where is the headquarters of North-East

D. 12th April 1982 Small Finance Bank located in India?
A. Dispur
961. As on date, there are Banking Ombuds-
B. Gangtok
man centre located in India.
C. Guwahati
A. 20
D. Patna
B. 19
C. 18 966. Which Bank has decided to increase the
Refinance Limit from Rs.24, 000 crore to
D. 17 Rs.30, 000 crore for the Current Year (July
962. What is the role of the Credit Bureau? 2018-June 2019) towards refinancing eli-
gible institutions?
1. Blacklist borrowers with bad credit
record. A. India Post Payments Bank
2. Collects credit information on bor- B. State Bank of India
rowers and supplies the information C. National Housing Bank
back to lenders.
3. Gives credit assessment of borrow- D. Export-Import Bank of India
ers. 967. Founded in 1943, UCO Bank is a commer-
4. Dictates credit decisions of financial cial bank and a Government of India Un-
institutions. dertaking. Who is present MD & CEO of
A. Only 1 UCO Bank?
B. Only 2 A. Charan Singh
C. Only 3 B. G Subramania Iyer
D. Only 4 C. Md Mustafa
D. RK Takkar
963. Who is present Chairman-Cum-Managing
Director of Oriental Insurance Company 968. Base Rate regime was introduced with ef-
Limited (OICL)? fect from
A. TL Alamelu A. 1st August 2009

108
B. 1st July 2009 C. 2005

C. 1st August 2010 D. 2009
D. 1st July 2010 974. National Financial Switch’ has been setup
to facilitate connectivity between the
969. The Clearing Corporation of India Limited
bank’s switches and their ATMs and in-
(CCIL) was set up to provide guaranteed
terbank payment gateway for authentica-
clearing and settlement functions for
tion and routing the payment details of
NARAYAN CHANGDER
A. Derivative markets various e-commerce transactions. Which
B. Foreign Exchange organisation has set-up this switch?
C. G-Secs A. IBRD
B. IDRBT
D. All of the above
C. SBI
970. Each depositor in a bank is insured up to
D. SIDBI
a maximum of by Deposit Insurance and
Credit Guarantee Corporation (DICGC)? 975. Which among the following bank is the
A. Rs. 2 lakh first bank to launch the Mudra Card based
on the RuPay platform?
B. Rs.3 lakh
A. SBI
C. Rs.5 lakh
B. Corporation Bank
D. Rs.1 lakh
C. Vijaya Bank
971. Public Debt Management Agency (PDMA) D. PNB
is being to set up to prevent leakages and
976. Variable Reserve Ratio and Open Market
development of the
Operations are instruments of
A. Treasury Market
A. Fiscal policy
B. Bond Market
B. Monetary policy
C. Money Market C. Budgetary policy
D. Capital Market D. Trade policy
972. The Board of Industrial and Financial Re- 977. A Usance Bill when presented for ac-
construction (BIFR) came into existence in ceptance has to be accepted/dishonoured
A. 1999 within:
B. 1995 A. 24 hours
C. 1991 B. 36 hours
C. 48 hours
D. 1987
D. 60 hours
973. In which year, Insurance Information Bu-
reau of India was established by the Insur- 978. As we all know, the cooperative banks in
ance Regulatory and Development Author- India are passing through a difficult phase
ity of India (IRDAI)? and their performance is NOT as glam-
orous as that of the commercial banks to-
A. 1995 day. What went wrong with cooperative
B. 1999 banks?

109
1. The cooperative banks disbursed A. Reserve Bank of India Act, 1934

credit on the loans on demand
B. Banking Regulation Act, 1949
mostly without proper guarantees

and documents. Hence repayments C. Securitization Act 2002
were always at the mercy of the
D. Banking Ombudsman Scheme
borrowers and up to some extent on
good crops.
982. Which one of the public-sector bank has
2. The cooperative banks are mostly
completed 100 years of its establishment
under the supervisory control of the
in 2011?
Panchayats, which are not profes-
sionally qualified to control such in- A. Central Bank of India
stitutions.
3. Cooperative Banks do not get any
relief package from the Govt. Hence C. Punjab National Bank
they have to manage their affairs on
D. Bank of Baroda
their own resources only.
A. Only 2 983. Which was the first small finance bank in
B. Only 1 India?
C. Only 3 A. Capital Small Finance Bank Limited
D. All the above B. Jana Small Finance Bank
979. Exide Life Insurance has announced a C. Ujjivan Financial Services Pvt Ltd
partnership with Punjab & Maharashtra
Co-operative Bank (PMC Bank) to offer D. AU Small Finance Bank
its protection and savings products to the
latter’s customers. Where is the regis- 984. What is Yield Curve Risk?
tered office of Punjab & Maharashtra Co- A. It is a line of graph plotting the yield of
operative Bank? all maturities of a particular instrument.
A. Chandigarh
B. Yield curve changes its slope and
B. Ahmedabad shape from time to time.
C. Nagpur C. Yield curve can be twisted to the de-
D. Mumbai sired direction through the intervention of
RBI.
980. In which type of remittances, money is
transferred from one country to another? D. All of the above
A. Foreign Remittance
985. In which bank the central government has
B. Digital Remittance infused Rs 3, 076 crore of capital into it by
C. Blockchain Remittance way of preferential allotment recently?
D. None of the above A. Punjab National Bank
981. Which scheme/act has enables an expedi- B. Allahabad Bank
tious and inexpensive forum to bank cus-
C. UCO Bank
tomers for resolution of complaints relat-
ing to certain services rendered by banks? D. Bank of Baroda

110
986. Under the guidelines issued on 2 Dec 991. Who took over as the fourth Deputy Gov-
2011, an NBFC-MFI should have minimum ernor of the Reserve Bank of India (RBI)
net owned funds of how much amount? during July 2014?
A. Rs. 3 crore A. Subhash Sheoratan Mundra
B. Rs. 4 crore B. Dr. Subir Gokarn
C. Rs. 5 crore C. Anand Sinha
D. Rs. 6 crore D. Urjit R. Patel
NARAYAN CHANGDER
987. Which among the following bank has an- 992. Credit creation capacity of commercial
nounced the launch of India’s first voice- banks is determined by:
based international remittance service to 1. Cash withdrawls from the banking
enable non-resident Indians (NRIs) to send system by the public
money to any bank in India? 2. Cash reserve ratio to be maintained
A. ICICI Bank by Commercial banks
3. Supply of currency notes by the cen-
B. State Bank of India tral bank
C. Kotak Mahindra Bank 4. Willingness of the borrowers to
D. Bank of Baroda take loans from commercial banks.
A. 1, 3 and 4
988. Which of the following is the situation
B. 2, 3 and 4
in which large portion of majority is bor-
rowed from broker of investor? C. 1, 2 and 4
A. future investment D. 1, 2 and 3
B. forward investment 993. Which of the following correctly define In-
C. leveraged investment dia’s Foreign Exchange rate system?
D. non-leveraged investment A. Fixed
B. Free float
989. Senior Citizen Savings Scheme (SCSS) Ac-
count is an individual of the Age of or C. Managed float
more may open the account. D. Fixed target of band
A. 60 years 994. The single largest component of external
B. 55 years debt is?
C. 70 years A. Commercial borrowings
D. 50 years B. Multilateral debt
C. Short term debt
990. Which of the following organisations pro-
vides guarantee to the exporters? D. NRI deposits
A. Exim Bank 995. RRBs are permitted to undertake corpo-
B. Export Credit Guarantee Corporation rate agency business, without risk partic-
ipation, for distribution of all types of in-
C. Director General Foreign Trade surance products including health and ani-
D. Reserve Bank of India mal insurance subject to the condition that

111
A. the bank should comply with the Insur- D. Rs. 1, 435 crore
ance Regulatory and Development. Au-
1000. A report by Bank of America-Merrill
thority (IRDA) regulations for acting as

Lynch has stated that in the next decade,
‘composite corporate agent’
which country will overtake Japan to be-
B. the bank should not adopt any restric- come the third-largest economy?
tive practice of forcing its customers to go
A. India
in only for a particular insurance company
in respect of assets financed by the bank B. China
C. the risks, if any, involved in insurance C. Russia
agency should, not get transferred to the D. Germany
business of the bank
1001. What is the full form of FIMMDA?
D. All of the above
A. Fined Income More Money Derivatives
996. DICGC was came into existence on Authority
A. 15th July 1949 B. Fixed Income Measuring Money Dump-
ing Association
B. 15th July 1961
C. Fixed Income Money Market and
C. 15th July 1982
Derivatives Association
D. 15th July 1978 D. Fixed Initial Money Market Develop-
997. PMSBY is available to people in the age ment Authority
group years with a bank account who 1002. Where is the head office of African De-
give their consent to join/enable auto- velopment Bank?
debit
A. Ouagadougou
A. 21 to 75 years
B. Abidjan
B. 18 to 60 years
C. Porto-Novo
C. 16 to 50 years
D. Accra
D. 18 to 70 years
1003. is a professional trained in the math-
998. Fiscal Deficit concept was introduced in ematics of insurance and risk management,
Indian economy by including the calculations of premiums, pol-
A. Amartya sen icy reserves and other values.
B. V. K. R. V. Rao A. Actuary
B. Applicant
C. S. Chakravarty
C. Agent
D. Madhu Dandavate
D. Assuming Company
999. The Union Cabinet has given its approval
for revision of the project outlay for set- 1004. According to the RBI Data, India’s
ting up of India Post Payments Bank foreign-exchange reserves rose past$
(IPPB) from Rs. 800 crore to Rs. crore. 400 billion for the first time ever,
strengthening policymakers’ buffers
A. Rs. 2, 435 crore ahead of an expected reduction in US stim-
B. Rs. 1, 735 crore ulus. Who is present Governor of RBI?
C. Rs. 2, 735 crore A. Arvind Mayaram

112
B. Raghuram Rajan C. RBI advances necessary credit

C. Urjit Patel against eligible securities to financial in-
stitutions
D. YV Reddy
D. All of the above
1005. DCB Bank Limited is a private sec-
tor scheduled commercial bank in India. 1010. Recently the Reserve Bank penalised
Where is the head office of DCB Bank Lim- three banks for violation of KYC norms and
ited? antimoney laundering guidelines. Which
NARAYAN CHANGDER
one is not among them?
A. Bengaluru
A. Axis Bank
B. Pune
B. HDFC
C. New Delhi
C. ICICI
D. Mumbai
1006. The World Trade Organization is an in-
tergovernmental organization that regu- 1011. The Reserve Bank has announced that it
lates international trade. Where is the will transfer an interim surplus of crore
headquarters of WTO? rupees to the central government for the
half-year ended 31st December 2018.
A. Geneva
A. 92, 000 crore rupees
B. New York
B. 65, 000 crore rupees
C. Paris
C. 40, 000 crore rupees
D. Madrid
D. 28, 000 crore rupees
1007. Reverse Repo is a tool used by RBI to
A. inject liquidity 1012. The national agency mandated to con-
trol, analyse and disseminate Suspicious
B. absorb liquidity Transaction Reports(STR), Cash Transac-
C. increase the liquidity with the banking tion Reports and counterfeit currency re-
system ports to various investigative agencies of
the country after receiving it from banks
D. to keep the liquidity at one level
and other financial intermediaries is-?
1008. What should br the CRAR for NBFCs as A. National Payments Corporation of In-
sponsors of IDF-MF? dia (NPCI)
A. 15% B. Central Bureau of Investigation (CBI)
B. 20% C. Financial Intelligence Unit (FIU)
C. 25% D. Intelligence Bureau (IB)
D. 35%
1013. Banking and financial services all over
1009. RBI is lender of last resort which re- the world are regulated usually by the
veals Monetary Authority of the land. Who con-
A. RBI advances money to public when- trols this function in India?
ever there is any emergency A. Ministry of Finance
B. Commercial banks give fund to the RBI B. SEBI

113
C. RBI 1019. Under Bretton Woods System, as a

D. IRDA member of IMF, India declared its par
value of rupee in terms of

1014. National Spot Exchange (NSEL) is the
A. British pound
news for defaulting payments to investors.
Who is the founder promoter of FT? B. US dollar
A. Jignesh Shah C. a basket of currency
B. Harshad Mehta D. gold
C. Ketan Parekh
1020. Which of the following organisations is
D. A K Telgi
known as the market regulator in India?
1015. What is the eligible age range under the [Syndicate Bank 2009]
Aam Aadmi Bima Yojana? A. IBA
A. 16 to 55 years
B. SEBI
B. 21 to 60 years
C. AMFI
C. 18 to 59 years
D. NSDL
D. 25 to 68 years
1016. Muthoot Finance, the flagship company 1021. Zero balance account is generally al-
of Muthoot Group has tied up with Global lowed to be opened for
IME Bank to expand its money remit- A. salaried class
tance services between Indo Nepal Corri-
dor. Muthoot Finance based in B. businessmen
A. Telangana C. foreign customers

B. Andhra Pradesh D. children
C. Karnataka
1022. RNBC stands for
D. Kerala
A. Residuary Non-Banking Companies
1017. Which of the following give finance to
B. Reserve Non-Banking Companies
young, start-up companies?
A. Venture capital firm C. Reserve New Banking Companies
B. Finance company D. Re-curring New Banking Companies

C. Small-business finance company
1023. PMSBY is open to all citizens of India
D. Capital-creation company who have a savings bank account. The min-
imum age of joining PMSBY is years and
1018. FSDC was set up by the Government as
maximum age is years.
the apex level forum in
A. 18 years, 40 years
A. September 2002
B. January 2016 B. 18 years, 50 years
C. March 2012 C. 18 years, 80 years
D. December 2010 D. 18 years, 70 years

114
1024. Reserve Bank of India is the lender of B. Nominal Effective Exchange Rate
the last resort to scheduled commercial
C. Nominal Effective Electronic Rate
banks because
D. National Effective Exchange Rate
A. the parties can approach RBI when
their limits are exhausted
1029. The primary objective of selective credit
B. they are not able to get loans from control is
other banks
A. To raise the cost of credit for all pur-
NARAYAN CHANGDER
C. RBI can come to the rescue of a bank poses.
that is solvent but faces temporary liquid-
ity problems by supplying it with much- B. To decrease the total supply of credit
needed liquidity when no one else is will- in the economy.
ing to extend credit to that bank C. To regulate total Bank credit and gen-
D. All of the above eral level of interest rates.
D. To influence allocation of credit among
1025. Self Help Group (SHG) Bank Linkgage
different borrowers and users.
programme was first launched by
A. RRBs 1030. Giving an impetus to the low-cost hous-
B. NABARD ing segment, the Reserve Bank of India
has stated housing loans of up to Rs ,
C. SBI for dwellings costing less than Rs 45 lakh,
D. RBI will be treated as priority sector lending
in metropolitan centre (with population of
1026. Basel-II norms are associated with ten lakh and above).
which of the following aspects of the bank-
ing industry? [Punjab & Sindh 2011] A. Rs 42 lakhs
A. Risk management B. Rs 40 lakhs
B. Manpower planning C. Rs 32 lakhs
C. Retirement benefits for the employees D. Rs 35 lakhs
D. Corporate Governance
1031. Moral Suasion is the instrument of
1027. A ‘closed economy is an economy in A. Trade Policy
which
B. Fiscal Policy
A. The deficit financing takes place
B. Only exports takes place C. Budget
C. Neither exports nor imports takes D. Monetary Policy

place
1032. Which of the following services is NOT
D. The money supply is full provided by the post offices in India?
1028. NEER is an unadjusted weighted aver- A. Savings Bank Scheme
age rate at which one country’s currency
B. Retailing of Mutual Funds
exchanges for a basket of multiple foreign
currencies. NEER stands for C. Sale of stamp Papers (Judicial)
A. Nominal Effective Exchange Ratio D. Issuance of Demand Drafts

115
1033. What is the cost of India’s first engine- 1038. Which among the following Small Fi-
less train? nance Bank has launched a new ‘Yellow
Army Savings Account’ to increase its cus-

A. 125 crore
tomer base through its association with
B. 50 crore the Chennai Super Kings (CSK), a franchise
C. 100 crore of the Indian Premium League (IPL)?
D. 200 crore A. ESAF Microfinance and Investments
Private Limited
1034. Voting rights in the IMF are distributed
B. Disha Microfin Private Limited
on the basis of
C. Equitas Small Finance Bank
A. one country, one vote
D. Ujjivan Small Finance Bank
B. proportion to the share of the income
of the country in the world income 1039. Sub-section 12AB of Section 17 of the
C. proportion to contributions given by Reserve Bank of India Act, 1934 defines
each country the term as an instrument for borrowing
funds by selling securities of the Central
D. proportion to quota allotted to coun-
Government or a State Government or of
tries from time to time
such securities of a local authority as may
1035. In context of business and banking, be specified in this behalf by the Central
what is CRAR? Government or foreign securities, with an
agreement to repurchase the said securi-
A. Capital to Risk (Weighted) Asset Ratio ties on a mutually agreed future date at
B. Credit to Risk Asset Ratio an agreed price which includes interest for
the funds borrowed?
C. Credit to Risk Assessment Ratio
A. Bank rate
D. Capital to Risk Assessment Rate
B. LAF
1036. As per the new guidelines issued by RBI,
the minimum required capital to set up a C. Repo
bank by corporates is set at D. CRR
A. Rs. 600 crore 1040. Name the person, who is the present
B. Rs. 700 crore Chairman of IRDAI?
C. Rs. 400 crore A. HK Bhanwala
D. Rs. 500 crore B. Ajay Tyagi
1037. Which of the following is the objec- C. Subhash Chandra Khuntia

tive of Financial Stability and Development D. RS Sharma
Council?
1041. Banks, today, in addition to normal
A. To address inter-regulatory issues banking services, offer which of the
only following services? [Corporation Bank
B. To focus on financial literacy only 2011]
C. To focus on financial inclusion only A. Internet Banking
D. All the above B. Depository Services

116
C. Financial Counselling Services 1047. RBI reduced the Marginal Standing Facil-
D. All the above ity (MSF) Rate to 9% from
A. 9.50%
1042. Who are responsible for clerical comple-
tion of all claim files in insurance sector? B. 9.30%
A. Insurance Agent C. 9.80%
B. Frequency-Severity Matrix D. 0.099
NARAYAN CHANGDER
C. Claim Service Representative 1048. Consider the following statements:
D. Third Party Administration 1. Asian Development Outlook 2014
was released on 1 April 2014 by the
1043. Which country has become the first In-
Asian Development Bank.
dian company to cross the Rs6-lakh crore
2. According to the ADB Outlook 2014,
mark in market capitalisation as its shares
developing Asia is expected to ex-
touched a 52-week high of Rs 974.5?
tend its steady growth from 6.1 per-
A. ONGC cent in 2013 to 6.2 percent in 2014
B. Wipro and 6.4 percent in 201 5.
3. Asian Development 2014 was re-
C. TCS leased on 1st January 2014 by ADB.
D. RIL Which of the statements given above
is/are correct?
1044. Parallel economy emerges due to
A. Tax Avoidance A. 1 only
B. Tax Evasion B. 1 and 2
C. Tax Compliance C. 2 only
D. Tax Estimation D. only 3
1045. Financial inclusion is being emphasised 1049. Which section of the RBI Act allows the
by RBI for RBI to form rules regarding the exchange
of damaged and imperfect notes?
A. providing basic banking services to the
unbanked areas A. 17
B. providing loans to the unbanked popu- B. 21
lation C. 28
C. opening accounts for the poor D. 42(1)
D. bringing branches of all banks under
one authority 1050. India Infrastructure Finance Company
Ltd (IIFCL) is a wholly-owned company
1046. Gilt-Edged market means set up in 2006.
A. Bull Market A. NABARD
B. Gun Market B. SEBI
C. Market of Government Securities C. RBI
D. Market of Pure Metal D. Government of India

117
1051. According to “Micro small medium en- 1056. The minimum paid-up equity capital for
terprise development Act-2006 (MSME payments banks shall be
Act-2006)” investment limit for micro en- A. Rs. 500 crore

terprise in manufacturing sector is
B. Rs. 100 crore
A. Less than Rs. 10 lakh
C. Rs. 200 crore
B. Less than Rs. 25 lakh
D. Rs. 700 crore
C. Rs. 50 lakh
D. Rs. 20 crore 1057. is an open-ended Equity Mutual Fund
that doesn’t just help you save tax, but
1052. The Centre for Economic Policy Research also gives you an opportunity to grow
(CEPR) was founded in to enhance the your money. It qualifies for tax exemp-
quality of economic policy-making within tions under section (u/s) 80C of the Indian
Europe and beyond, by fostering high qual- Income Tax Act.
ity, policy-relevant economic research, and A. CRR
disseminating it widely to decision-makers
in the public and private sectors. B. RTGS
A. 1991 C. EFT
B. 1988 D. ELSS
C. 1978 1058. When a bank returns a cheque unpaid, it

D. 1983 is called [IBPS 2011]
A. payment of the cheque
1053. What is the share of Sponsor Banks in
the Regional Rural Banks? B. drawing of the cheque
A. 75% C. cancelling of the cheque
B. 25% D. dishonor of the cheque

C. 15% 1059. Who of the following plays the vital role
D. 35% in setting up of National Housing Bank?
A. K. R. Puri
1054. National Bulk Handling Corporation Pvt.
Ltd. is an Indian commodity and collateral B. Dr. Minoan Singh
management company based in C. C. Rangarajan
A. New Delhi D. None of the Above
B. Mumbai 1060. In which year NABARD was estab-
C. Kolkata lished?
D. Chennai A. 1982
1055. An account in which trading of shares in B. 1976
their electronic form is done, is known as C. 1988
A. D-mat account D. 1956
B. NRI account 1061. Which of the following come under non-
C. NRIO account plan expenditure?
D. Current account 1. Subsidies.

118
2. Interests payments 1065. NIBM, an autonomous academic institu-

3. Defence Expenditure. tion, is governed by a Board, its highest
4. Maintenance expenditure for the policy-making body. Where is the head-
infrastructure created in previous quartered of NIBM?
plans. A. Nashik, Maharashtra
A. 1 and 2
B. Pune, Maharashtra
B. 1 and 3
C. Mumbai, Maharashtra
C. 2 and 3
NARAYAN CHANGDER
D. Kolhapur, Maharashtra
D. 1,2 and 4
1066. What is the maximum amount of loan
1062. Coins which were minted in with the
available to individuals on securities of de-
‘Hand Picture’ are available since (IOB
mat shares?
2010)
A. independence A. RS.10 lacs
B. 1965 B. RS.15 lacs
C. 2000 C. RS.20 lacs
D. 2005 D. RS.25 lacs
1063. Raising or lowering of the central bank 1067. The promoter’s minimum initial contribu-
discount rate is known as tion to the paid-up equity capital of such
A. Bank rate policy small finance bank shall at least be——
—?
B. Open market operation
C. Cash reserve ratio A. 50 per cent
D. B and C B. 40 per cent

C. 60 per cent
1064. Which of the following statements are
true about Working Capital? D. 30 per cent
1. Working Capital is a financial met- 1068. Which of these is used as promise from
ric which represents operating liq- a bank to make a payment assuming cer-
uidity available to a business, orga- tain conditions are met?
nization, or other entity, including
government entity. A. Cash Credit
2. Net working capital is calculated as B. Over Draft
current assets minus current liabili-
C. Letter of Credit
ties
3. The management of Working Capital D. Term Loan
involves managing inventories, ac-
counts receivable and payable, and 1069. What are the benefits of leasing to
cash. other companies?
A. Only 1 A. Interest Revenue
B. Only 2 B. High Residual Values
C. Only 3 C. Tax Incentives
D. All are true D. All of the Above

119
1070. HDFC Bank Ltd has announced a revi- 1074. Primary Deficit is obtained by
sion in its savings bank interest rate ef- subtracting from fiscal deficit.
fective from 19th August 2017. Who is A. Revenue Deficit

the present MD of HDFC Bank?
B. Depreciation
A. Rana Kapoor
C. Borrowings
B. Aditya Puri
D. Interest Payment
C. Uday Kotak
1075. According to the World Bank report, In-
D. Shikha Sharma dia will retain its position as the world’s
top recipient of remittances in 2018 with
1071. The government has appointed Shak-
its diaspora sending a whopping back
tikanta Das as the new RBI governor. He
home.
is appointment for how many years?
A. USD 93 billion
A. five
B. USD 72 billion
B. three
C. USD 100 billion
C. four
D. USD 80 billion
D. two
1076. Which statement is not correct about
1072. For which of the following reasons, Capital Adequacy Ratio?
NABARD has set up joint liability groups
A. It is a thermometer of Bank’s Health.
(JLG) of farmers?
B. It is the ratio of its Capital to its Risk.
A. To facilitate delivery of credit to farm-
ers C. It can indicate the Capacity of the
Bank’s ability to absorb the possible
B. To facilitate better delivery of credit to losses.
farmers through informal sources
D. A good CAR makes vulnerable to the
C. To facilitate better delivery of credit to Depositors and lose faith in the banking
share croppers and those who do not have system.
their own land
1077. AIIB is a new multilateral financial in-
D. To facilitate better delivery of credit to
stitution founded to bring countries to-
farmers through Panchayats
gether to address the daunting infrastruc-
1073. Sectoral regulator IRDAI has issued ture needs across Asia. AIIB stands for
regulations for insurance firms to carry A. Asian Infrastructure Investment Bu-
out offshore business from Gujarat-based reau
GIFT International Financial Services Cen- B. Asian Infrastructure Investment Bank
tre (IFSC). Where is the headoffice of IR-
DAI? C. Association Infrastructure Investment
Bank
A. New Delhi
D. Asian International Investment Bank
B. Hyderabad
1078. Foreign currencies are represented in
C. Mumbai
various abbreviations. What is meant by
D. Chennai USD?

120
A. US Dollar C. Adjustment credit

B. UAE Dinar D. Absolute zero
C. Unit of Cunency of Denmark 1083. The rate on which banks borrow from
D. Ukrainian Soviet Dollar the RBI is called [Punjab & Sindh 2010]
A. SLR
1079. What is ‘financial inclusion’?
B. CRR
1. Easy access to bank accounts for
NARAYAN CHANGDER
safe parking of savings C. Interest Rate
2. Availability of cheap credits through D. Repo Rate
appropriately designed loans for
poor and low income households and 1084. Once PCA is triggered by the regula-
small entrepreneur tor, the bank faces restrictions on spend-
3. Availability of basic financial prod- ing money on
ucts like insurance A. opening branches
A. Only 1 B. recruiting staff
B. Only 1 C. giving increments to employees
C. Only 3 D. All the above
D. Both 1 and 2 1085. In production sector, a small enterprise
is an enterprise where the investment
1080. Insolvency & Bankruptcy Board of In-
in plant and machinery is more than Rs.
dia notified the IBBI (Insolvency Resolu-
25 lakh but does not exceed how much
tion Process for Corporate Persons) (Third
amount?
Amendment) Regulations, 2018. Where is
the Headquarters of IBBI? A. Rs 2 crore
A. Hyderabad B. Rs 3 crore
B. Kolkata C. Rs 5 crore
C. Chennai D. Rs 10 crore
D. New Delhi 1086. Consider the following Statements:
1. Arun Jaitley is a member of the
1081. Which type of Banks are covered under
Board of Governors of the Asian De-
Deposit Insurance (DICGC) Scheme?
velopment Bank (ADB).
A. All commercial banks including the 2. Asian Development Bank is based in
branches of foreign banks functioning in Phillippines.
India
Choose the correct statement/s using the
B. Local Area Banks following codes:
C. Regional Rural Banks A. 1 only
D. All of the above B. 2 only
1082. Which of the following terms is used in C. Either 1 or 2
the field of Finance and Banking? D. Both 1 and 2
A. Gauge pressure 1087. Which of the following statements
B. Quantum number is/are correct?

121
1. At present Micro Finance Institu- 1091. The main objectives of the SEZ act are
tions (MFls) obtain finance from A. Generation of additional economic ac-
banks according to RBI guidelines.

tivity
2. MFIs provide small scale credit to
low income households and small in- B. Promotion of exports of goods and ser-
formal businesses. vices
Select the correct option from the codes C. Promotion of investment from domes-
given below: tic and foreign sources
A. Only 1 D. All of the above
B. Only 2 1092. A-card stores and provides indentifica-
C. Both 1 and 2 tion authentication, data storage and ap-
plication processing applications
D. Neither 1 nor 2
A. Debit Card
1088. The Budget 2018-19 has proposed to
B. Smart Card
expand the airport capacity more than five
times to handle a billion trips a year under C. Credit Card
a new initiative. What is the name of that D. ATM Card
initiative?
1093. Which of the following is not a function
A. NAYA Nirman
of the RBI? (Bank PO 2010)
B. NATION Nirman
A. Maintaining Forex
C. NAVAL Nirman
B. Deciding Bank Rate, CRR and SLR from
D. NABH Nirman time to time
1089. The maximum Statutory Liquidity Ratio C. Opening Savings Accounts for general
to be maintained by banks is public
A. 25% D. Prescribing the Capital Adequancy Ra-
tio
B. 30%
C. 35% 1094. Which of the following agen-
cies/organisations has decided to make
D. 40%
major changes for ULIPs?
1090. Which of the following conditions are re- A. IRDA
quired to be fulfilled by a Regional Rural
B. RBI
Bank (RRB) to be eligible for opening of
new branches? C. AMFI
A. It should not have defaulted in main- D. FRBI
tenance of SLR and CRR during the last 2
years 1095. Where is the headquarters of World
Bank?
B. It should be making operational profits
A. Washington, DC
C. Its net worth shouldshow improve-
ment and its net NPA ratio should not ex- B. New York
ceed 8% C. Paris
D. All of the above D. Vienna

122
1096. Which of the following in India formu- 1101. Financial inclusion is meant for?
lates the fiscal policy? A. Less provilged persons
A. Finance Commission B. Senior citizens
B. RBI C. Micro finance institutions
C. Ministry of Finance D. All of the above
1102. The New Development Bank (NDB) aims
NARAYAN CHANGDER
1097. Which Bank has launched personal ac- to mobilize resources for development
cident insurance scheme for savings bank projects in BRICS, emerging economies and
account-holders with name KBL Suraksha? developing countries. Where is the head-
A. City Union Bank quartered of NDB?
B. Karnataka Bank A. Durban, South Africa
C. Kotak Mahindra Bank B. Brasilia, Brazil
D. IDFC Bank C. Moscow, Russia

D. Shanghai, China
1098. The Australia and New Zealand Banking
Group Limited, commonly called ANZ. It is 1103. ‘Sub-prime Lending is a term applied to
based in the loans made
A. Canberra, Australia A. those borrowers who do not have a
B. Wellington, New Zealand good credit history
C. Sydney, Australia B. those who wish to take loan against

the mortgage of tangible assets
D. Melbourne, Australia
C. those who have a good credit history
1099. NSDP links are intended to provide and are known to bank since 10 years
quick access to a single comprehensive D. those borrowers who are most pre-
source of economic and financial data conferred customers of the bank
sistent with the data categories and com-
ponents described in the subscriber’s meta- 1104. Telecom Sector is considered as
data. NSDP stands for A. Priority sector
A. National Summary District Page B. Non-priority sector
B. National Summary Development Page C. Infrastructural sector
C. National Summary Department Page D. Sector with special status
D. National Summary Data Page
1105. Which Babk has obtained RBI approval
1100. The first Indian bank to open a branch to open representative offices at Kuwait
outside India in London in 1946? and Singapore recently?
A. SBI A. South Indian Bank
B. PNB B. IDFC Bank
C. BOB C. Federal Bank
D. BOI D. Bandhan Bank

123
1106. Expand the term FRBM? 1111. In index of financial inclusion has been
A. Financial Responsibility and Business launched for the first time in 2008 by

management A. BSE
B. Fiscal Responsibility and Business B. NSE
management C. ICRIER
C. Financial Responsibility and Budget D. CCI
Management
D. Fiscal Responsibility and Budget Man- 1112. Who was the chairman of the committee
agement formed by RBI to evaluate applications re-
ceived for small finance banks in 2015?
1107. Money Laundering normally involves A. Nachiket Mor
A. placement of funds B. Raghuram Ram Rajan
B. layering of funds C. Urjit Patel
C. integration of funds D. Usha Thorat
D. All
1113. In a major relief to the medium and
1108. When was Deposit Insurance and Credit small enterprises sector the RBI has an-
Guarantee Corporation established under nounced that GST registered MSME bor-
RBI? rowers will get a further day window
to pay dues if their accounts were stan-
A. 1976 dard as on August 31st 2017.
B. 1978 A. 30 days
C. 1981 B. 150 days
D. 1969 C. 90 days
1109. Who is current Chairman cum Managing D. 180 days
Director of NIACL?
1114. National Bank for Agriculture and Rural
A. Atul Sahai Development is an apex development fi-
B. M Shahul Hameed nancial institution in India, headquartered
at Mumbai with regional offices all over
C. Tajinder Sharma
India. NABARD came into existence in
D. Girish Radhakrishnan
A. 2000
1110. REER is the weighted average of a coun- B. 1992
try’s currency relative to an index or bas-
C. 1990
ket of other major currencies, adjusted for
the effects of inflation. What is the mean- D. 1982
ing of first “R” in REER?
1115. Which organsation has decided to use
A. Real a new tool for the first time to enhance
B. Rate liquidity in the system using which it will
buy$ 5 billion from the banks in a swap
C. Ratio deal that is capable of injecting around Rs.
D. Random 35, 000 crores into the system?

124
A. EPFO A. State Bank of India

B. SEBI B. State Bank of Hyderabad
C. Finance Ministry C. IDBI Bank Limited
D. RBI D. Canara Bank
1116. Which of the following is not the name
of the sensitive index of any stock ex- 1121. Digital payments firm Paytm has part-
change? nered with Alibaba to launch AI-based
NARAYAN CHANGDER
cloud computing platform ‘Paytm AI
A. SX 40 Cloud’. Alibaba is a multinational conglom-
B. CRIS erate specializing in e-commerce, retail, In-
C. Dow ternet, AI and technology based in
D. Nifty A. Thailand
1117. In what form the banks are required to B. Japan

maintain deposits with RBI under CRR? C. China
A. Cash D. Singapore
B. Government Securities
1122. The Finance Minister has announced that
C. Gold
for the first time the country’s Defence
D. All of the above Budget will be of over lakh crore.
1118. Money market where debt and stocks A. Rs 10 lakh crore
are traded and maturity period is more
B. Rs 7 lakh crore
than a year is classified as which of the
following? C. Rs 3 lakh crore
A. shorter term markets D. Rs 15 lakh crore
B. capital markets
1123. Name the person, who has taken charge
C. counter markets as Managing Director and Chief Executive
D. long-term markets Officer of Vijaya Bank?
1119. In a Poverty Pyramid index, which A. R A Sankara Narayanan

of the following segments of population B. Puneet Chhatwal
faces the highest poverty risk?
C. Mr Rajiv Gauba
A. Formal Wage Employment
D. RK Raghavan
B. Informal Self-Employment: Employers
C. Regular Informal Wage Employment 1124. What is the main business of commercial
D. Casual Informal Wage Employment banks?
and Domestic Work A. lending and deposits from public
1120. Net balance maintained in current ac- B. lending and deposits from corporation
count by co-operative banks with are
C. Both A and B
not treated as cash for the purpose of
CRR/SLR. D. None

125
1125. The minimum paid-up equity capital for A. Industrial Finance Company of India
small finance banks shall be——— B. Industrial Finance Corporation of In-

A. Rs. 100 crore vestment
B. Rs. 200 crore C. Industrial Finance Corporation of In-
C. Rs. 300 crore dia
D. Rs. 400 crore D. International Finance Corporation of

India
1126. The Reserve Bank of India (RBI) has set
1130. With effect from 31 March 2005,
up an expert committee to suggest how
a would be one, which has remained
the central bank should handle its reserves
NPA for a period less than or equal to 12
and whether it can transfer its surplus to
months.
the government. This committee headed
by A. Sub-standard Assets
A. Duvvuri Subbarao B. Profit Assets
B. Bimal Jalan C. Doubtful Assets
C. C Rangarajan D. Loss Assets
D. YV Reddy 1131. Which of the following is not included in
infrastructure in India?
1127. According to the government, how
many toilets are targeted to be build un- A. Energy
der Swacch Bharat Scheme in the next fis- B. Transport
cal 2018-19?
C. Education
A. 2 crore
D. Telecommunications
B. 5 crore
1132. What is Call Money?
C. 8 crore
A. Money borrowed or lent for a day or
D. 11 crore
overnight
1128. Which Bank has entered into a distri- B. Money borrowed for more than one
bution agreement to sell the mutual fund day but up to 3 days
products of HDFC Capital Asset Manage-
C. Money borrowed for more than one
ment Ltd (HDFCAML) during exchanged
day but up to 7 days
the memorandum of understanding in Man-
galuru, Karnataka? D. Money borrowed for more than one
day but up to 14 days
A. State Bank of India
B. Karur Vysya Bank 1133. In a bid to make retirement income
scheme more attractive for central gov-
C. Karnataka Bank ernment employees, the government has
D. Kotak Mahindra Bank agreed to chip in a higher of the basic
salary of an individual as its contribution
1129. IFCI is an Indian government owned de- to the National Pension System (NPS).
velopment bank to cater to the long-term
finance needs the industrial sector. IFCI A. 12%
stands for B. 20%

126
C. 10% A. EXIM Bank

D. 14% B. Ministry of International Trade, GOA
1134. Which of the following is a form of C. ECGC
“Small Savings Bank” popular among the D. DICGC
poor or children?
A. Core Banking 1139. The concept of ultra small bank branch
for promoting financial inclusion in the
B. Credit Banking
NARAYAN CHANGDER
country has been introduced. How would
C. Debit Card it be described?
D. Piggy Banking A. Branch with two staff members
1135. The Export Import Bank of India was B. These Branches may be set up be-
set-up in tween the base branch and BC locations
A. July, 1969 so as to provide support to about 8-10 BC
Units at a reasonable distance of 3-4 kilo-
B. April, 1970 metres
C. January, 1982
C. An ATM with cash payment and cash
D. April, 1982 deposit
1136. The Union Ministry of Water D. Branch controlled by gram panchayat
Resources, and the National Water De-
velopment Agency (NWDA) signed a re- 1140. In India ‘Report on Currency and Fi-
vised Memorandum of Agreement (MoA) nance’ is the annual publication of
for funding of central share of 99 priori- A. SEBI
tised irrigation projects under Pradhan
Mantri Krishi Sinchayee Yojana (PMKSY). B. RBI
A. SIDBI C. Finance Commission
B. RBI D. Finance Ministry
C. NABARD
1141. ‘Open Market Operation’ is a part of
D. SEBI
A. Income Policy
1137. Banks, today, in addition to normal B. Fiscal Policy
banking services, offer which of the fol-
lowing services? C. Credit Policy
A. Internet Banking D. Labour Policy
B. Depository Services
1142. Who is present Managing Director &
C. Financial Counselling Services CEO of Bank of Maharashtra?
D. All the above A. Rajeev Rishi
1138. Loans granted by a bank to an exporter B. Ratan Pal Singh
popularly known as ‘Export credit’ is guar-
C. Yogesh Rao
anteed, in case of default, by which of the
following D. RP Marathe

127
1143. The largest financial conglomerate of In- 1148. Which of the following is the regulator
dia is: of money market?

A. HDFC Bank A. RBI
B. ICICI Bank B. Government of India
C. IFCI C. Telecom Regulatory authority

D. None of these
D. SBI
1149. Which is the largest associates bank of
1144. Which Bank has tied up with PFG Forex State Bank of India?
for remittance facility for the benefit of In-
A. State Bank of Patiala
dian expatriates from Australia. The new
facility will leverage the bank to reach the B. State Bank of Hyderabad
Indian diaspora? C. State Bank of Bikaner and Jaipur
A. Axis Bank D. State Bank of Saurashtra
B. ICICI Bank 1150. Consider the following statements:
C. Bank of Baroda 1. RBI has lowered Statutory Liquidity
D. State Bank of India Rate (SLR) by 0.50% in its June re-
view.
1145. The Holidays for the Banks are declared 2. Reduction in SLR helps in increasing
as per which of the following Act credit availability in the market.
A. Reserve bank Act Which of the above statement(s) is/are

correct?
B. Banking Regulation Act-1949
A. 1 only
C. Negotiable instrument Act-1881 B. 2 only
D. Companies Act-1956 C. Either 1 or 2
1146. Deposits under Foreign Currency Non- D. Both 1 and 2

Resident (FCNR) scheme can be accepted 1151. Who has taken over as the Chairman
for a maximum of and Managing Director of National Insur-
A. one year ance Company Limited (NICL) recently?
B. three year A. Ranjan Gogoi
C. five year B. Prashant Kumar

C. Tajinder Mukherjee
D. seven year
D. Kamlesh Nilkanth Vyas
1147. The Reserve Bank of India has power to
1152. Which of the following is not e-banking
print currency notes of up to Rs.?
software?
A. 1, 000 A. ECS
B. 5, 000 B. RTGS
C. 10, 000 C. PIPS
D. 15000 D. NEFT

128
1153. A performance and credit rating scheme D. All of the above

has been launched by the MSME Ministry
to assess creditworthiness and capabili- 1157. Banks recover term loan from the par-
ties of industries in the sector. What is ties in EMIs. What does the letter ‘E’ rep-
it called? resent in the term?
A. Zero Defect Zero Effect Certification A. Easy
B. Performance and Economy Rating
B. Effective
Scheme
NARAYAN CHANGDER
C. Performance and Credit Rating C. Equated
Scheme D. Essential
1158. One of the major emphasis of Basel II is
1154. For the first time, which organisation that banks should have
has decided to use a new tool to enhance
liquidity in the system by bringing$ 5 bil- A. adequate Capital Adequacy Ratio
lion from the banks in a swap deal that is B. only few branches in urban centres
capable of injecting around Rs. 35, 000
crores into the system? C. more and more branches in rural ar-
eas
dia D. core banking mode of operation
B. Reserve Bank of India
1159. Unemployment rate in the country rose
C. National Bank for Agriculture and Ru-
to what percent in October 2018 which is
ral Development
highest in two years, according to a report
D. Insurance Regulatory and Develop- by the Centre for Monitoring Indian Econ-
ment Authority of India omy (CMIE)?
1155. Retirement fund body Employees’ Prov- A. 5.60%
ident Fund Organisation (EPFO) has re-
duced the interest rate on deposits B. 6.9%
to for 2017-18 from 8.65% for 2016- C. 6.30%
17.
D. 5.10%
A. 8.35%
B. 8.40% 1160. The World Health Organization (WHO)
C. 8.45% has released its first tranche of emer-
gency funding of$ 175, 000 to provide
D. 0.0855
life-saving healthcare to the “vulnerable
1156. In period of depression when the Re- population” in Bangladesh’s Cox’s Bazar.
serve Bank desires to encourage the bank- Where is the Head Office of WHO?
ing system to create more credit it A. Geneva, Switzerland
A. reduces the bank rate
B. London, UK
B. raises the bank rate
C. Vienna, Austria
C. permits the bank rate to be decided by
market forces D. Nairobi, Kenya

129
1161. The bank rate means 1165. With reference to the Micro Finance In-
stitutions, which of the following state-
A. Rate of interest charged by commer-
ments is correct?

cial banks from borrowers
A. At present, MFl obtain finance from
B. Rate of interest at which commercial
banks according to RBI guidelines
banks discounted bills of their borrowers
B. MFIs provide small scale credit to low
C. Rate of interest allowed by commer- income households and small informal
cial banks on their deposits businesses
D. Rate at which RBI purchases or redis- C. Both 1 and 2
counts bills of exchange of commercial
banks D. Neither 1 nor 2
1166. RBI prescribes the cash reserve ratio to

1162. How much amount has been allocated to
be maintained by banks as part of pruden-
for Internet connectivity in villages, in the
tial norms. In what way is this cash re-
recent Union Budget 2014-15?
serve maintained by the banks?
A. Rs. 100 Crore A. It is kept as reserves of gold with RBI
B. Rs. 200 Crore B. It is maintained as cash with RBI
C. Rs. 500 Crore C. Each bank keeps the reserve in their
D. Rs. 150 Crore respective head offices
D. It is maintained as investments in gov-
1163. Which one of the following tools is used ernment bonds
by RBI for selective credit control?
1167. Which of the following is the major ma-
A. It advises banks to lend against cer-
rine food export item of India?
tain commodities
A. Frozen Fish
B. It advises banks to recall the loans for
advances against certain commodities B. Frozen Shrimp
C. It advises banks to charge higher rate C. Frozen Crab

of interest for advance against certain D. Cephalopod
commodities.
1168. Customer is required to tear off the seal
D. It discourages certain kinds of lending and convey the confidential IMO num-
by assigning higher risk weights to loans ber to the receiver over phone, SMS, e-
it deems undesirable. mail, etc. at his means and risk.
1164. Banking Ombudsman Scheme is applica- A. 18 digits

ble to the business of [IBPS 2012] B. 20 digits
A. All scheduled commercial banks ex- C. 24 digits
cluding RRBs D. 16 digits
B. All scheduled commercial banks includ-
1169. How many banks are there in India
ing RRBs
which have been authorized to deal in For-
C. Only Public Sector Banks eign Exchange?
D. All Banking Companies A. 64

130
B. 82 1174. Name the private sector bank, which

C. 92 had opened a representative office in Shar-
jah (UAE), to better serve its customers in
D. 107 the emirate and to expand its retail offer-
ings to customers in the neighboring north-
1170. The Central and Andhra Pradesh govern emirates recently.
ernments and the have signed the loan
agreement for a$ 172.20 million project A. Kotak Mahindra Bank
to enhance agricultural productivity, prof- B. ICICI Bank
NARAYAN CHANGDER
itability, and climate resilience of poor and C. Axis Bank
marginalized farmers in Andhra Pradesh.
D. HDFC Bank
A. International Monetary Fund
1175. Which of the following are the roles of
B. Asian Development Bank Self Help Groups?
C. World Bank A. Income generation for poor
D. New Development Bank B. Access to banks for poor, financial in-
clusion
1171. The Centre has sanctioned projects
over rupees in the North East for better C. Social Upliftment of marginal sections
network connectivity. D. All of the above
A. 20, 000 crore rupees 1176. Foreign Exchange is also called as which
B. 10, 000 crore rupees of the following?
C. 30, 000 crore rupees A. Domestic Monetary Unit
D. 50, 000 crore rupees B. Foreign Monetary Unit

C. International Monetary Unit
1172. CRR refers to the share of that rural D. None of the Above
banks have to maintain with RBI of their
net demand and time liabilities? 1177. NBHC is an Indian commodity and collat-
A. Liquid cash eral management company. What is the
full form of NBHC?
B. Gold
A. National Bulk Handling Corporation
C. Forex reserves B. National Bulk Handling Company
D. Illiquid cash C. National Banking Handling Corpora-
tion
1173. Bharat QR Code, the latest initiative
to boost digital transactions, will make D. National Branding Handling Corpora-
use of QR codes system for payments tion
across merchant outlets. Bharat QR was 1178. The amount of KVP can be withdrawn
launched with much fanfare by after
A. NPCI A. 115 months
B. FICCI B. 116 months
C. RBI C. 117 months
D. SEBI D. 118 months

131
1179. Financial year in banks is a period from B. IRDA

A. January to December C. NSE

B. May to June D. SEBI
C. April to March
1185. The EBRD is an international financial in-
D. January to April stitution. EBRD stands for
1180. Just like banks have to maintain a stipu- A. European Basel for Reconstruction
lated capital adequacy ratio similarly non- and Development
banking finance companies NBFCs are also B. European Bank for Reconstruction and
required to do so. What is the minimum Department
stipulation for NBFCs with asset size of
Rs.100 crore and above? C. European Bank for Reconstruction and
Development
A. 15 percent
D. English Bank for Reconstruction and
B. 12 percent
Development
C. 10 percent
D. 8 percent 1186. Expand DRI related to a scheme meant
for weaker section of our country.
1181. Non-Banking Financial Companies A. Different rate of interest
(NBFC) are registered under which act?
B. Different ration for Indians
A. Companies Act, 1970
C. Different rate of interest-bond
B. Companies Act, 1956
D. Differential rate of interest
C. Companies Act, 1967
D. Companies Act, 1958 1187. RBI has recently deregulated the rates
of interest to be provided by various
1182. Indian Stock Market deals in banks to their depositors/customers with
A. Shares effect from 25th October, on their ac-
B. Debentures counts.
C. Forward Contracts A. Time deposit

D. All of the above B. Saving bank
C. Loan
1183. The Banks with a net Non-Performing
Asset (NPA) ratio of 6-9 percent will fall D. Fixed deposit
under risk category
1188. Security Paper Mill (SPM) was formally
A. 3
inaugurated and dedicated to the nation
B. 5 on the 9th March, by the then Deputy
C. 4 Prime Minister, Shri Morarji Desai.
D. 1 A. 1956
B. 1968
1184. Capital Market Regulator is [BOB
2008] C. 1949
A. RBI D. 1962

132
1189. Kotak Mahindra Bank has launched Ko- A. 100 crore

tak Remit-an Aadhaar-based integrated B. 200 crore
outward forex remittance solution for
both customers and non-customers re- C. 500 crore
cently. Who is the Executive Vice Chair- D. 1000 crore
man and Managing Director of Kotak
Mahindra Bank? 1194. Which among the following bank has an-
nounced its partnership with Ripple (the
A. VY Reddy enterprise blockchain solution for Global
NARAYAN CHANGDER
B. Aditya Kapoor Payments) to facilitate payments into and
out of India?
C. Shikha Sharma
D. Uday Kotak
B. IndusInd Bank
1190. The country’s largest lender SBI wrote
C. Kotak Mahindra Bank
off bad loans worth in 2016-17, the
highest among all the public sector banks, D. South Indian Bank
which had a collective write off of Rs 81,
1195. Basel I, which was issued in 1988, fo-
683 crore for the fiscal.
cuses on the
A. Rs 10, 339 crore
A. Capitaladequacyoffinancialinstitutions
B. Rs 20, 339 crore
B. improvement of the banking sector’s
C. Rs 30, 339 crore ability to deal with financial and economic
D. Rs 40, 339 crore stress
C. technology upgradation
1191. One of the delivery channel for Micro Fi-
nance is SHG model. SHG means? D. training of banking staff
A. Soar Help Group 1196. Consider the following

B. Sake Help Group I. Bank Rate Policy
II. Open Market Operations
C. Self Hope Group
III. Devaluation of Rupee
D. Self Help Group
Which of the above are called fiscal mea-
1192. The Goods and Services Tax (GST) Coun- sures?
cil met for its 33rd meeting and slashed A. Only II
GST rate on under-construction residen-
B. Both I and II
tial properties and the affordable housing
projects. The revised rates will be applica- C. Both I and III
ble from D. Only III
A. 01st April 2019
1197. Indian economy is likely to grow
B. 01st May 2019 by percent in 2018 and go up further
C. 01st August 2019 to percent in 2019 on the back of strong
private consumption, public investment
D. 31st March 2019 and the ongoing structural reforms, accord-
1193. What is the initial capital amount to ing to a UN report.
start Small Finance Banks? A. 7.1% and 7.3%

133
B. 7.2% and 7.4% bonds/investments into how many cate-

C. 7.3% and 7.5% gories? [UBI 2009]

D. 7.6% and 7.8% 1. Low Risk
2. Average Risk
1198. CIBIL Limited is a credit information com- 3. High Risk
pany operating in India. CIBIL Limited
A. Only 1
based in
B. Only 2
A. Bengaluru
B. Kolkata C. Only 3
C. Hyderabad D. All the above

D. Mumbai 1203. ICICI started merchant banking in which
of the following years?
1199. Personal Loans are also called as by
which of the following names? A. 1980
A. Signature Loans B. 1978
B. Unsecured Loans C. 1981
C. Consumer Loans D. 1974
D. All of the Above
1204. What is the functions and duties of
1200. RBI sold its stake in NABARD to IRDA?
the Government of India, which now A. Registering and regulating insurance
holds stake. companies
A. Approx 65% B. Promoting professional organisations
B. Approx 70% in insurance.
C. Approx 95% C. Regulating investment of policyhold-
D. Approx 99% ers’ funds by insurance companies.
D. All of the above
1201. The World Bank is like a cooperative,
made up of member countries. These 1205. Reserve Bank of India relies on data
member countries, or shareholders, are submitted by Banks and quality of data is
represented by a Board of Governors, who of great importance. In order to meet the
is the ultimate policymakers at the World need for correct and consistent data, RBI
Bank. has initiated the project on ADF. What is
A. 189 the full form of ADF?
B. 193 A. Automated Data Flow
C. 159 B. Automatic Document Feeder
D. 173 C. Automatically Defined Function
1202. Very often we see in the adver- D. Automatic Direction Finder
tisements published by Financing Insti-
tutes/Agencies stating the their prod- 1206. In India, main Products of Retail Bank-
ucts are given high or average Rat- ing are
ings. These Rating Agencies classify A. Loan products

134
B. Card Products Managing Director (CMD) of which public-

C. Deposit Products sector bank?
A. Syndicate Bank
D. All of these
B. Indian Bank
1207. Who is the present Managing Director
C. Oriental Bank of Commerce
& CEO of Bank of Baroda?
D. UCO Bank
A. Sunil Mehta
NARAYAN CHANGDER
B. PS Jayakumar 1212. Credit information companies are
preparing credit reports on borrowers for
C. Kalyan Basu sharing with banks to enable them to take
D. Usha Ananthasubramanian proper credit decisions. What is the most
important feature of this report about in-
1208. SMERA Ratings Limited is a full-service dividual borrowers?
Credit Rating Agency, registered with
A. Personal credit score
A. ECAI
B. List of banks from whom loans have
B. RBI been taken
C. SEBI C. The total amount of loans availed
D. NSIC D. The amount of outstanding loan
1209. What is RS.future trading’? 1213. After the recommendations of which of
A. a trade between any two stock ex- the following committee the Regional Ru-
changes ral Banks were setup?
B. an agreement between two parties to A. Sarayya Committee

buy or sell an underlying asset in the fu- B. Kapoor Committee
ture at a C. Narasimhan Committee
C. an agreement between stock ex- D. Rangarajan Committee
changes that they will not trade the stocks
of each other 1214. What is the focus & Priorities of IBA?
D. None of the above A. The Government of India on policy re-
lated issues
1210. Investment of CIC in the equity shares in
B. Industry unions on wage negotiations
group companies constitutes not less than
and improving industrial relations
how much percent of its net assets?
C. Foreign counterparts to widen the hori-
A. 60%
zon and perspectives
B. 70%
D. All of the above
C. 50%
1215. In TRIPS, what does ‘I’ stand for?
D. 80%
A. Intellectual
1211. S.K. Jain, who was arrested by the CBI B. Information
on charges of allegedly accepting a bribe
of Rs. 50 lakh to enhance the credit limit C. Indian
of some companies, was the Chairman and D. Infra

135
1216. In primary markets, property of shares 1220. What is the limit on the amount of com-
which made it easy to sell newly issued pensation as specified in an Award?
security is considered as which of the fol-

A. Rs. 15 lakh
lowing?
B. Rs. 20 lakh
A. money flow
C. Rs. 18 lakh
B. decreased liquidity
D. Rs. 10 lakh
C. increased liquidity
1221. What is international banking?
D. large funds
A. Providing of variety of financial ser-
1217. IFS Money Order service is India Post’s vices to the customers who are living out-
own service. What is the feature of IFS side their home country
Money Order? B. Providing of financial services to the
A. Remittances can be received at any of customers who are living in home country
the 17, 500 post offices on eMO network. C. Banking between two countries
B. The Payee receives the full amount in D. All of the above
Indian Rupees.
1222. Pension plan in which benefits of pen-
C. Maximum of 30 transactions per per- sion is paid in by both parties involved,
son per year. such as employers and employees is clas-
D. All of the above are features of IFS sified as which of the following?
Money Order services A. non-discretionary plan
1218. Banks and other financial institutions in B. discretionary plan
India are required to maintain a certain C. contributory plan
amount of liquid assets like cash, precious
D. non-contributory plan
metals and other short-term securities as
a reserve all the time. In Banking World 1223. State Bank of India has changed the
this is known as daily withdrawal limit on its classic debit
A. CRR card from Rs. 40, 000 to
B. Fixed Asset A. Rs 60, 000
C. SLR B. Rs 50, 000

C. Rs 30, 000
D. PLR
D. Rs 20, 000
1219. Two parallel transverse lines on the face
of the cheque is called as crossing and 1224. Enthused by the success of India’s
when a name of a bank is included be- largest bank State Bank of India’s merger,
tween the two lines, it is called as the government is reportedly mulling an-
other mega bank merger. As per a report,
A. General crossing the government is planning to merge Bank
B. Special crossing of four banks, they banks had reported a
combined loss of Rs 21, 646.38 crore in
C. Bouble crossing
the year ended 31 March 2018. Name
D. Bank crossing these four Banks?

136
A. Bank of Baroda, Bank of India, Oriental B. 1948

Bank of Commerce and Indian Bank C. 1979
B. Punjab National Bank, IDBI Bank, In- D. 1962
dian Overseas Bank and Central Bank
C. Union Bank of India, IDBI Bank, Orien- 1229. Usually, the validity period of an Income
tal Bank of Commerce and United Bank of Tax Refund Order is:
India A. 1 month
NARAYAN CHANGDER
D. Bank of Baroda, IDBI Bank, Oriental B. 2 months
Bank of Commerce and Central Bank of In- C. 3 months
dia
D. 6 months
1225. Which of the following is not true about
Immediate Payment Service (IMPS)? 1230. India’s International Bank is tagline of
which Bank?
A. To use IMPS, both the account holder
and beneficiary needs to have Mobile A. Oriental Bank of Commerce
Money Identifier (MMID). B. Punjab & Sind Bank
B. Internet Banking Account facilitates C. Indian Overseas Bank
IMPS to transfer money to any account. D. Bank of Baroda
C. The facility is provided by National Pay-
ments Corporation of India through its ex- 1231. Reliance General Insurance has received
isting NFS switch. in-principle approval from the Insurance
Regulatory and Development Authority of
D. IMPS offers an instant, 24X7, in- India (IRDAI) for its IPO. IPO stands for
terbank electronic fund transfer service
through mobile phones. A. Initial Product Offering
B. Initial Public Offering
1226. Which of the following is a third party
product often sold by banks? C. International Public Offering
D. Initial Partnership Offering
A. Gift cheques
B. Credit cards 1232. FM has announced increase of bud-
getary allocation on infrastructure for
C. Debit cards
2018-19 to against estimated expendi-
D. Mutual funds ture of Rs.4.94 lakh crore in 2017-18.
1227. Which one of the followings is known as A. Rs. 5.97 lakh crore
the father of Leasing Financing in India? B. Rs. 8.42 lakh crore
A. C.R Pachauri C. Rs. 9.38 lakh crore
B. Nandan Nilekani D. Rs. 10.15 lakh crore
C. Farouk Irani
1233. India’s overall exports (Merchandise
D. A C Muthia. and Services combined) in April-August
2018-19 (as per the RBI Press Release)
1228. The Deposit Insurance Act came in to are estimated to be USD Billion, exhibit-
force in on 1st January ing a positive growth of 20.70% over the
A. 1954 same period last year.

137
A. USD 102.58 Billion 1239. If there is an inflationary trend in the

B. USD 610.47 Billion economy what would be the trend in the
pricing of the Bank products?

C. USD 221.83 Billion
D. USD 504.25 Billion A. Constant trend
1234. Who is the present Managing Director B. Increasing trend

(MD) of HDFC Bank? C. Decreasing trend
A. Rajnish Kumar
D. There is no relevance of the inflation in
B. Uday Kotak pricing of the banking products
C. Shikha Sharma
D. Aditya Puri 1240. Nepal Remittance Scheme is a cross-
border one-way remittance facility scheme
1235. The Nobel prize for economics is for remittance from India to Nepal, en-
awarded for work on the climate and eco- abled under the NEFT Scheme. A re-
nomic growth. This year (2018) Nobel mitter can transfer funds up to Indian
prize for economics awarded to Rupees (maximum permissible amount)
A. James P Allison and Tasuku Honjo from any of the NEFT-enabled branches in
B. Paul Romer and William Nordhaus India.
C. Gerard Mourou and Arthur Ashkin A. Rs 2, 00, 000
D. George Smith and Frances Arnold B. Rs 1, 00, 000
1236. When an agent asks a customer to in- C. Rs 1, 50, 000
vest in a mutual fund product without
telling him/her about the risks involved in D. Rs 50, 000
the investment, the process is termed as
A. mis-selling 1241. hosted an Investors’ Conference at
Pravasi Bharatiya Kendra for the Holistic
B. undertaking Development of Islands along with the re-
C. misappropriation of funds spective UT Administration.
D. cross-selling A. SIDBI
1237. Which nationalised bank sponsored the B. Finance Ministry
Prathama Bank?
A. Syndicate bank C. IRDAI
B. Punjab National Bank D. NITI Aayog

1242. Where is the head office of Bank for In-
D. Allahabad Bank
ternational Settlements (BIS)?
1238. Quantitative instrument of RBI can be
A. Zurich, Switzerland
A. Bank Rate Policy (BRP)
B. New York, USA
B. Cash Reserve Ratio (CRR)
C. Statutory Liquidity Ratio (SLR) C. Basel, Switzerland
D. All of these D. Berlin, Germany

138
1243. CSO was established in the year 1249. Exim Bank extends facility of
A. 1952 A. rediscounting of foreign bills of com-
B. 1957 mercial banks
C. 1954 B. advisory services to the exporters
D. 1951 C. research and market surveys
1244. Using futures contracts to transfer price D. All of the above
risk is known as which of the following?
NARAYAN CHANGDER
1250. First PCR was established in which of
A. hedging
the following country?
B. arbitrage
A. Japan
C. speculating
B. Germany
D. diversifying
C. Australia
1245. What is full form of RXIL?
D. Sweden
A. Receivable Experience of India Limited
B. Reserve Exchange of India Limited 1251. The value of transactions made through
C. Receivable Exchange of India Limited mobile wallets touched a record crore in
June 2018, according to the RBI data.
D. Reserve Exchange of India Location
A. Rs.52, 574 crore
1246. Which country did not participated in
the 44th World Economic Forum? B. Rs.23, 201 crore
A. India C. Rs.42, 304 crore
B. Israel D. Rs.14, 632 crore
C. Iran
1252. What is the duration for which RBI
D. None of these makes the WMA to the state govern-
1247. In which of the following types of bank- ments?
ing, there is a direct execution of transac- A. 30 days
tion between a bank and its consumers?
B. 60 days
A. Retail Banking
C. 90 days
B. Universal Banking
D. 180 days
C. Virtual Banking
D. Unit Banking 1253. What was the objective of starting co-
operative banking in India?
1248. How does a bank establish the identity
of a customer? ) A. To act as competitors to commercial
banks
A. By getting introduction of an existing
customer B. To be solely for the agriculture sector
B. By following KYC norms C. To start self help groups
C. By taking AADHAR card copy D. To replace moneylenders and indige-
D. All of the above nous bankers

139
1254. Which System can be used for making 4. The CPI inflation is expected to be
bulk transactions towards the distribution on the upside risk.
of subsidies, dividends, interest, salary,

Select the answer from the codes given be-
pension etc?
low: Codes:
A. NPCI
A. 1, 2 and 3
B. YONO
B. 2, 3 and 4
C. NACH
C. 2, 3 and 4
D. AEPS
D. All of the above
1255. When RBI reduce the CRR it results into
A. Decrease in deposit 1259. On march 1, 1992, Reserve Bank of In-
dia announced a new system of exchange
B. Increase in deposit rates known as
C. Increase in lendable resources A. Partial convertibility
D. Decrease in lendable resources B. Liberalized exchange rate system
1256. Which country BNP Paribas bank be- C. Both A and B
longs to?
D. None of these
A. Netherlands
B. Canada 1260. Which of the following organisations re-
leases “World Economic Outlook” Report?
C. France
A. Asian Development Bank
D. Portugal
B. World Bank
1257. The lead bank scheme for public sector
C. International Monetary Fund
banks does not cover
A. metropolitan cities D. World Trade Organisation
B. all states and union territories 1261. Who among the following finalised Lead
C. backward distance Bank scheme?
D. rural areas only A. Government of India
1258. Under which of the following circum- B. IRDA

stances Reserve Bank of India (RBI) raised C. RBI
the Repo rate under Liquidity Adjustment
Facility (LAF) from 7.75 to 8 per cent in
January 2014?
1262. What is the interest rate of SCSS as on
1. Global uncertainty continues to sur- 01st July 2017?
round the prospects for some emerg-
A. 8.5% per annum
ing economies.
2. Domestic fragilities getting accentu- B. 8.3% per annum
ated.
C. 8.7% per annum
3. Financial market contagion is a clear
potential risk. D. 8.9% per annum

140
1263. Which international finance entity 2. For undertaking expansion of busi-

launched a$ 2.5-billion onshore Indian ru- ness
pee bond programme recently so as to 3. To support technology upgradation
strengthen the capital market and support A. Only 1 and 2
infrastructure development in India?
B. Only 2 and 3
A. International Union for Housing Fi-
nance (IUHF) C. All the above
B. International Finance Corporation D. Only 1 and 3
NARAYAN CHANGDER
(IFC) 1268. The National Rural Employment Guaran-
C. International Finance Organisation tee Act is now known by which of the fol-
(IFO) lowing names?
D. Public Finance International (PFI) A. Indira Gandhi Rural Employment Guar-
antee Act
1264. Which of the following is not considered
a money market instrument? B. Rajiv Gandhi Rural Employment Guar-
antee Act
A. Treasury bills
C. Jawaharlal Nehru Rural Employment
B. Repurchase Agreement Guarantee Act
C. Commercial Paper D. Mahatma Gandhi Rural Employment
D. Shares and bonds Guarantee Act
1265. Which of the following company started 1269. National Housing Bank (NHB), a wholly
the first Factoring business service in In- owned subsidiary of the central bank (RBI)
dia? was established in 1988 under the
A. SBI Factors and Commercials Limited A. National Housing Bank Act, 1987
B. IFCI Factors Limited B. National Housing Bank Act, 1988
C. Siemens Factoring Private Limited C. National Housing Bank Act, 1986
D. Canbank Factors Limited D. National Housing Bank Act, 1985
1266. If some people wish to start a banking 1270. India with immediate effect has boosted
company in India, they certainly need a the Customs Duty on all the goods im-
permission of the ported from Pakistan to
A. Indian Banks Association A. 200%
B. Institute of Chartered Accountants in B. 400%
India C. 300%
C. Ministry of Finance D. 500%
1271. Which of these is not a new private sec-
1267. Which of the following is/are the objec- tor bank?
tives of Free Trade Agreement that India A. IDFC
has done with many countries?
B. Axis Bank
1. To provide support to entrepreneurs
for setting up new projects in C. Lakshmi Vilas Bank
tiny/SSI sectors D. Kotak Mahindra Bank

141
1272. National Federation of Sate Co- 1276. Which is the principal institution for
operative Banks promotion, financing and development of
small scale industries in the country?

A. provides a common forum to the mem-
ber banks A. RBI
B. promotes and protects the interests of B. SBI
the member banks
C. IDBI
C. co-ordinate and liaison with Govern-
ment of India and RBI D. SIDBI
D. All of the above 1277. SEBI is the regulator for the securities
market in India. What is the meaning of
1273. Name the scheme which was announced “S” in SEBI?
in August 2014 to ensure comprehensive
financial inclusion of all the households in A. Short
the country by providing universal access B. Scheme
to banking facilities with at least one ba-
sic bank account to every household, finan- C. Service
cial literacy, access to credit, insurance and D. Securities
pension facility?
1278. Which schedule of Reserve Bank of In-
A. Pradhan Mantri Vaya Vandana Yojana
dia Act, 1934 contains the list of Sched-
B. Pradhan Mantri Mudra Yojana uled Banks in India?
C. Pradhan Mantri Jan Dhan Yojana A. 1st
D. Pradhan Mantri Suraksha Bima Yojana B. 2nd
1274. State-owned lender Punjab National C. 3rd
Bank (PNB) had sold stake in its housing fi-
D. 4th
nance arm, PNB Housing Finance (PNBHF)
to General Atlantic Group and Varde Part- 1279. Which of these states are not served by
ners for Rs 1, 851 crore at Rs 850 per RBI as its banker?
share. PNB based in
A. Goa
A. Mumbai
B. Assam
B. Kolkata
C. Sikkim
C. Hyderabad
D. New Delhi D. Arunachal Pradesh
1275. Which of the following will function 1280. Which of the following best describes
as the Bharat Bill Payment Central Unit the Securities and Exchange Board of In-
(BBPCU), single authorised entity operat- dia?
ing the BBPS? A. SEBI is the regulator for the capital
A. RBI markets
B. NPCI B. SEBI protects the interest of investors
C. GOI C. SEBI is for ethical practices
D. SEBI D. All of the above

142
1281. According to the Deutsche Bank re- C. Montek Singh Ahluwalia

search report, the Indian economy is wit- D. Raghuram Rajan
nessing a “cyclical upswing” and the coun-
try is likely to clock a GDP growth of 7. 1286. Catholic Syrian Bank Ltd is based in
5% this financial year. The Deutsche Bank
A. Kerala
Headquarters in
B. Tamil Nadu
A. Geneva, Switzerland
C. Karnataka
B. New York, the USA
NARAYAN CHANGDER
D. Andhra Pradesh
C. Frankfurt, Germany
D. Berlin, Germany 1287. The definition of ‘Banking’ is given
in
1282. Which of the following rates signals the
A. Negotiable Instrument Act. 1881.
RBI’s long-term outlook on interest rates?
[Allahabad Bank 2011] B. RBI Act, 1934
A. Repo Rate C. The Banking Regulation Act, 1949
B. Reverse Repo Rate D. The Indian Contract Act, 1872
C. Bank Rate 1288. How much amount has been allocated
D. SLR for Ministry of Food Processing in Union
Budget 2018-19?
1283. The Federal Bank is a major Indian com-
A. Rs.2600 crore
mercial bank headquartered in
B. Rs.2100 crore
A. Thiruvananthapuram
C. Rs.1000 crore
B. Thrissur
D. Rs.1400 crore
C. Kozhikode
D. Kochi 1289. Which is India’s largest Banking Corre-
spondent company?
1284. Prithvi, Agni, Jal, Akash, Sabki Surak-
sha Hamare Paas is the slogan of A. Airtel
A. General Insurance Corporation of In- B. FINO

dia C. YONO
B. Oriental Insurance Company Limited D. Reliance
C. United India Insurance Company 1290. has signed a corporate agency agree-
D. New India Assurance Company Lim- ment with Bank of Bahrain and Kuwait
ited B.S.C (BBK)-to distribute its retail and
group products to BBK’s customers in In-
1285. The formation of the 14th Finance Com- dia.
mission in India has been finalized. Who
has been appointed to head the commis- A. Kotak Life Insurance
sion? B. SBI Life Insurance
A. D. Subba Rao C. Reliance General Insurance
B. Y. V. Reddy D. PNB MetLife

143
1291. In the first phase of nationalisation C. Working capital loan account against
of banks how many banks were nation- security of stocks in possession of the bor-
alised? rower

A. 19 D. Borrowing account for working capital
where the stocks of the borrower are in
B. 26
custody of the bank/lender
C. 27
1296. The Government has announced which
D. None of these
Project on the lines of Operation Flood to
1292. Who is the Non-Executive Chairman of realise agriculture potential of the coun-
NPCI? try?
A. Ramachandran Sundaresan A. Operation Agriculture
B. Sanjay Saxena B. Operation Earth
C. N Rajendran C. Operation Water
D. Biswamohan Mahapatra D. Operation Green
1297. According to Union Budget 2018-19,

1293. The commercial bank do not have unlim-
the Government is confident that loans to
ited power of credit creation. Their power
SHGs will increase to crore by March
to create credit is limited due to
2019.
A. Amount of cash received by the bank
A. Rs.75, 000 crore
B. Banking habits of the people
B. Rs.25, 000 crore
C. Leakages in credit creation
C. Rs.50, 000 crore
D. None of these
D. Rs.60, 000 crore
1294. Immediately prior to change in the mea-
1298. Exim Bank also provides
sure of Food Inflation, which of the follow-
ing indexes was being used for measuring A. refinance facilities
it? B. consultancy and technology services
A. Wholesale Price Index C. services of finding foreign markets for
B. Consumer Price Index exporters
C. Interest Rates offered by banks on de- D. All of the above

posits
1299. The Associated Chambers of Commerce
D. Sensex and Nifty and Industry of India or ASSOCHAM is
one of the apex trade associations of In-
1295. What do you understand from the state- dia. Where is the Corporate Office of AS-
ment ‘Cast credit account against hypoth- SOCHAM?
ecation of stocks’?
A. Kolkata
A. Borrowing account for purchase of
raw materials B. Chennai
B. Borrowing account for working capital C. Pune

against security of stocks D. New Delhi

144
1300. Which Bank has announced that its B. Rs.100 crore

mortgage loan portfolio crossed the Rs C. Rs.500 crore
1.5-trillion milestone, making it the
largest private player in the segment, and D. Rs.750 crore
the lender is targeting to grow it to Rs 2
1305. Which of the following does not give a
trillion by FY20?
difference between a hire purchase and a
A. Kotak Mahindra Bank normal purchase?
B. HDFC Bank A. Timing of payment for asset
NARAYAN CHANGDER
C. State Bank of India B. Total cost of asset
D. ICICI Bank C. Quality of asset purchased
1301. A bank which acts as a banker of other D. Legal ownership of asset
banks is called
1306. NBFCs are an important part of the In-
A. saving bank dian financial system. What is the full
B. commercial bank form of this term?
C. investment bank A. New Banking Financial Companies
D. central bank B. Non-Banking Financial Companies
C. Neo Banking Financial Confederation
1302. Consider the following:
D. Non-Banking Fiscal Companies
1. Liquidity Adjustment
2. Facility Devaluation of Currency 1307. The central co-operative banks are in di-
3. Open Market Operations. rect touch with
Which among the above are Fiscal Mea- A. farmers
sures?
B. state co-operative banks
A. 1 & 2
C. land development banks
B. 2 & 3
D. central government
C. 1 & 3
D. Only 2 1308. ‘Unit Banking System’ is that system
where an individual bank undertakes the
1303. The Banking Ombudsman Scheme is in- banking business
troduced under which of the following sec- A. through a single office
tions in Banking Regulation Act, 1949?
B. through a few branches operating
A. Section 25 A within a limited area
B. Section 30 A C. Both B and C
C. Section 40 A D. All of the above
D. Section 35 A
1309. As per the UN Economic and Social Com-
1304. How much amount has been announced mission for Asia and the Pacific (ESCAP) re-
for Rashtriya Gokul Mission for the cur- port, FDI inflows to South and South-West
rent year? Asia decreased by in 2017.
A. Rs.1250 crore A. 16%

145
B. 9% 1314. Which of the following is the dimension

of 2000 rupee note?
C. 06%
A. 157 × 73 mm

D. 8%
B. 66 × 150 mm
1310. Which among the following is/are cor- C. 66 × 166 mm
rect regarding Money Market?
D. 147 × 73 mm
A. Money Market is a market for short-
term funds 1315. Export-Import Bank of India is the pre-
mier export finance institution in India, es-
B. Maturity in this market ranging from tablished in under Export-Import Bank
overnight to one year of India Act 1981.
C. The basic function of money market is A. 1992
to provide efficient liquidity position B. 1988
D. All of the above C. 1986
1311. Public sector based Central Bank during D. 1982

July 2014 announced its plans to sell 4% 1316. How much money is the Central Gov-
of its stake to LIC for Rs. 581 crore. This ernment required to maintain as minimum
stake sale is planned to meet bank’s capi- cash balance with RBI on a daily basis?
tal requirement of Rs. 2, 000 crore this fis-
A. Rs 50 crore
cal. With this proposed sale Union Govt.’s
holding in Central Bank would come down B. Rs 10 crore
to . C. Rs 1 crore
A. 78% D. Rs 1000 crore
B. 80% 1317. Jammu and Kashmir Bank has launched
C. 84% a special financial scheme for journalists
of the state, the scheme “J & K Bank Sa-
D. 0.88 hafat Finance Scheme” was launched by
the bank’s chairman and CEO. Who is the
1312. Which country the Shinhan Bank be- present chairman and CEO of Jammu and
longs to? Kashmir Bank?
A. China A. Md Mustafa
B. Japan B. Parvez Ahmad
C. South Korea C. Rizwaan Patel
D. Thailand D. Akram Khan
1318. Which of the following terms is/are re-
1313. What is the function of a Central Bank?
lated with finance and banking?
A. Foreign exchange management
A. Velocity
B. Managing currency B. Displacement
C. Money Supply management C. Badla
D. All of the above D. Centigrade

146
1319. In which year National Bank for Agri- 1324. A company which pools money from in-
culture and Rural Development (NABARD) vestors and invests in stocks, bonds and
was established in shares is called
A. 1991 A. a bank
B. 1982 B. an insurance company
C. 1952 C. bank assurance
D. 1968 D. mutual fund
NARAYAN CHANGDER
1320. Small Business FinCredit India Pvt. 1325. The Department of Industrial Policy and
Ltd. (SBFC) is a systemically impor- Promotion (DIPP), Ministry of Commerce
tant Non-Banking Finance Company for en- and Industry, hosts a conference on Global
trepreneurs. Where is the headquarters of Digital Content Market (GDCM) 2018 in
SBFC? which city?
A. Hyderabad A. New Delhi
B. Ahmedabad B. Bengaluru
C. Kochin C. Mumbai
D. Mumbai D. Kolkata
1326. Name the Bank, which has entered into

1321. Who is the Chairperson of SBI?
a “strategic alliance” with mobile wallet
A. Kishor Kharat major MobiKwik to launch a co-branded
B. Anupam Srivastava virtual Visa prepaid card for customers of
MobiKwik recently?
C. Usha Ananthasubramanian
A. South Indian Bank
D. Rajnish Kumar
B. IDFC Bank
1322. MMID is a digit number of a bank cus- C. Federal Bank
tomer.
D. Bandhan Bank
A. 11
B. 9 1327. The word ‘Bank’ is derived from
A. German word ‘back’ which means a
C. 07
joint stock fund’
D. 5
B. Italian word ‘banco’
1323. What is the meaning of a bond issued C. words ‘bancus’ or banque’ which
by an Indian company expressed in foreign means ‘a bench’
currency, and the principal and interest in
D. All of the above
respect of which is payable in foreign cur-
rency? 1328. FPO means?
A. ECB A. Follow on Public Offer
B. FCCBs B. First Public Offer
C. Automatic Route C. Follow on Private Offer
D. FCNR D. Firm on Public Offer

147
1329. In a bid to check loan defaults, RBI 1333. Small Industries Development Bank of
stated that a PCR will be set up contain- India is the principal development financial
ing information on all borrowers to ensure institution in India headquartered in

financial stability. What is the full form of A. Lucknow
PCR?
B. Chennai
A. Public Credit Review
C. New Delhi
B. Public Customer Registry
D. Mumbai
C. Public Credit Registry
1334. Infrastructure debt funds are sponsored
D. People Credit Registry
by which of the following?
1330. The Government of India, Govern- A. SEBI
ment of Himachal Pradesh (GoHP) and B. NBFCs
the has signed a$ 40 Million Loan
Agreement to help bring clean and reli- C. Cooperative society
able drinking water to the citizens of the D. SBI
Greater Shimla area, who have been fac-
ing severe water shortages and water- 1335. Which of the following is NOT a part of
borne epidemics over the last few years. the Ministry of Finance?
A. Department of Financial Services
A. Food and Agriculture Organization
B. Department of Expenditure
B. World Trade Organization
C. Department of Revenue
C. Organisation for Economic Co-
operation and Development D. Department of Resource Planning
D. World Bank 1336. In which city, the Employees’ State In-
surance scheme was inaugurated by for-
1331. IRDAI has allowed insurers to invest up mer Prime Minister Pandit Jawahar Lal
to in Additional Tier 1 (AT1) bonds, that Nehru?
are issued by banks to augment their tier
1 capital, in order to expand the pool of A. Kanpur
eligible investors for the banks. B. Patna
A. 25 per cent C. Kolkata
B. 30 per cent D. New Delhi
C. 20 per cent 1337. HDFC Life has announced the launch of
D. 10 per cent an artificial intelligence-based application
‘SPOK’ that can automatically read, under-
1332. In a bid to further improve the cash posi- stand, categorise, prioritise and respond
tion of banks, RBI has tweaked LCR norms to customer emails sent to the private in-
to provide an additional 2% window to surer. Where is the corporate office of
lenders. What is the full form of LCR? HDFC life?
A. Lender Coverage Ratio A. Nainital
B. Liquidity Cash Ratio B. Jaipur
C. Liquidity Common Ratio C. Mumbai
D. Liquidity Coverage Ratio D. New Delhi

148
1338. Consider the following statements: A. Only 1

1. Instant Money Transfer (IMT B. Only 2
scheme is launched by Bank of In- C. Only 3
dia.
D. Only 4
2. It allows withdrawal of funds to in-
dividuals from its ATMs without an 1343. What is the frequency of publishing of
account in the bank. the report on management od FOREX Ex-
Which of the statements given above change Reserves (FER) by RBI?
NARAYAN CHANGDER
is/are correct? A. Monthly
A. 1 only B. Quarterly
B. 2 only C. Annually
C. Both 1 and 2 D. Half year
D. Neither 1 nor 2 1344. LTV ratio is a financial term used by
lenders to express the ratio of a loan to
1339. The first wholly Indian Bank was set-up
the value of an asset purchased. LTV
in
stands for
A. 1794 A. Loan-To-Vehicles
B. 1894 B. Loan-To-Value
C. 1896 C. Loan-To-Van
D. 1902 D. Lease-To-Value
1340. How many banks were nationalised in 1345. In international banking system, what
1980? does the TIBOR stands for?
A. 5 A. Tokyo Interbank Offered Rate
B. 6 B. Taiwan Interbank Offered Rate
C. 7 C. Thailand Interbank Offered Rate
D. 8 D. Tongling Interbank Offered Rate
1341. Which of the following has availed the 1346. On which one of the following issues can
Liberalised Remittance Scheme? SEBI penalise any company in India?
A. RBI 1. Violation of Banking Regulation Act.
2. Violation of foreign portfolio invest-
B. NABARD ment guidelines.
C. Government of India 3. For violation of Negotiable Instru-
ment Act.
1342. The difference between the outflow and given below:
inflow of foreign currency is known as
A. Only 1
1. Foreign Exchange Reserves B. 1, 2, and 3
2. Current Account Deficit
3. Fiscal Deficit C. 1 and 2
4. Balance of Payments D. All of these

149
1347. Which of these accounts can be opened 1352. IRDA was constituted as a to regu-
in a Payment Bank? late and develop the insurance industry in
1999.

A. Savings Account
A. Regulatory body
B. Current Account
B. Amendment body
C. Both A and B
C. autonomous body
D. None
D. All of the above
1348. ESOP means
1353. The first five year plan was started
A. Employee stock option play in
B. Employee shair object plan A. 1939
C. Employee stock option plan B. 1949
D. Enter shair object plan C. 1951
1349. Why do banks borrow money in the call D. 1956
money market?
1354. Selling of securities in the open market
A. To meet sudden demand for funds aris- by the central bank creates
ing out of large outflows
A. Inflation
B. To fill the temporary mismatches in
B. Deflation
funds
C. Both of the above
C. To meet the Statutory reserve require-
ments D. None of the above
D. All of the above 1355. Standard & Poor’s (S & P) Global Rat-
ings and its predecessor organizations
1350. India’s Gross Domestic Product (GDP) have been in business for more than 150
grew year-on-year during the January- years. (S & P) based in
March, 2017 period according to govern-
ment data. A. New York, USA
A. 6.7 per cent B. London, UK
B. 6.5 per cent C. Paris, France
C. 6.3 per cent D. Geneva, Switzerland
D. 6.1 per cent 1356. The Finance Minister stated that

persons having gross income up to
1351. GIFT city and Deloitte Touche Tohmatsu Rs. lakhs are not required to pay any
India LLP (DTTILLP) has Signed an MoU To income tax if they make investments in
Promote IFSC Operations recently. What provident funds, specified savings and in-
is the meaning of “F” in IFSC? surance etc.
A. First A. Rs. 8.50 lakhs
B. Funding B. Rs. 4.50 lakhs
C. Following C. Rs. 5.50 lakhs
D. Financial D. Rs. 6.50 lakhs

150
1357. Which of the following measures have 1361. Usha Ananthasubramanian is the Man-
been taken to enlarge resources available aging Director and Chief Executive Officer
to RRBs? of
A. Lines of credit at a reasonable rate of A. Bank of Baroda
interest from sponsor banks B. Allahabad Bank
B. Access to inter-RRB term money/borrowings C. State Bank of India
D. Punjab National Bank
NARAYAN CHANGDER
C. Access to repo/CBLO markets
1362. The cooperative movement in which of
D. All of the above the following fields has achieved a great
visible success in India?
1358. Which among the following banks has
entered into a Memorandum of Under- A. Milk production
standing (MoU) with Life Insurance Corpo- B. Banking sector
ration (LIC) of India for selling life insur-
C. Textile sector
ance products of LIC?
D. Cotton production
1363. Which of the following fall under
B. Axis Bank
the qualitative method of credit control
C. ICICI Bank adopted by RBI?
D. Karnataka Bank A. Selective credit control
B. Moral suasion
1359. Marg ERP limited, a leading Inventory
and Accounting software solution company C. Credit authorization scheme
has partnered with , by consolidated as- D. All of the above
sets, to offer an integrated payments plat-
form to MSME customers, using MARG’s 1364. A cheque crossed as ‘Payees a/c only”
accounting software. is direction to
A. ICICI Bank A. The payee not to negotiate the cheque.
B. State Bank of India B. The paying banker to ensure that the

proceeds of the cheque are credited to the
C. Axis Bank payees a/c only.
D. Bank of Baroda C. The collecting banker to ensure that
the proceeds of the cheques are collected
1360. Account can be opened by cash for for the account of the payee only.
the amount below INR lakh and for
INR Lakh and above by Cheque only in
SCSS? 1365. The government of India cleared the ap-
A. INR 7 lakh and for INR 8 Lakh pointment of CEOs and MDs at 10 Public
Sector Banks recently. Who has been ap-
B. INR 5 lakh and for INR 6 Lakh pointed as MD and CEO of Indian Bank?
C. INR 3 lakh and for INR 4 Lakh A. Pallav Mohapatra
D. INR 1 lakh and for INR 1 Lakh B. Karnam Sekar

151
C. Padmaja Chundru B. TCS

D. Mrutyunjay Mahapatra C. HCL

1366. Which of the following cannot be called D. Infosys
an anti-inflationary measure?
1371. The government has allocated crore
A. Raising the Bank Rates to health and family welfare in the Union
B. Raising the Reserve Ratio Require- Budget 2018-19, an 11.5 per cent rise
ments over the Rs 47, 353 crore allocated last
fiscal.
C. Purchasing securities in the Open Mar-
kets A. Rs 28, 800 crore
D. Rationing of the Credit B. Rs 37, 400 crore
1367. India’s largest digital bank is the only C. Rs 43, 600 crore
bank providing zero balance accounts and D. Rs 52, 800 crore
zero charges on digital transactions.
1372. Which one of the following is not a pri-
A. India Post Payments Bank
ority sector lending by Commercial Banks
B. Paytm Payments Bank in India at present?
C. Airtel Payments Bank A. Agriculture
D. Fino Payments Bank B. Small Scale Industries
1368. TRAI is a statutory body set up by the C. Export
Government of India. What is the meaning D. Weaker Section
of “A” in TRAI?
A. Applied 1373. The Headquarters of Kotak Mahindra
Bank is located in
B. Agency
A. Mumbai
C. Assembly
B. Hyderabad
D. Authority
C. Chennai
1369. IDBI Bank was established in 1964 by
D. Bengaluru
an Act of Parliament to provide credit
and other financial facilities for the devel- 1374. What is the silent features of PPF Ac-
opment of the fledgling Indian industry. count?
Which of the following is the tagline of
IDBI Bank? A. An individual can open account with
INR 100/-but has to deposit minimum of
A. Together we can INR 500/-in a financial year and maximum
B. Honors Your Trust INR 1, 50, 000/
C. Trusted Family Bank B. Account can be opened by cash
D. Banking For All /Cheque and In case of Cheque, the date
of realization of Cheque in Govt. account
1370. Which is the first Indian company to be shall be date of opening of account.
listed on NASDAQ? C. Nomination facility is available at the
A. Reliance time of opening and also after opening of

152
account. Account can be transferred from 1. There are no NPAs now as not a sin-
one post office to another. gle loan of RS. 5 lakhs and above
D. All of the above is the silent features is given by the bank without proper
of PPF Account paperwork.
2. As reported in the first half of 2007
1375. Which of the following markets enable the NPAs have again risen.
new issues of equity and debt to be 3. As the interest rates are very high
traded? banks are not providing loans to
middle class and poor general bor-
NARAYAN CHANGDER
A. Secondary markets
rowers. Hence NPAs in private
B. Discount markets and personal banking area are ‘zero’
C. Primary capital markets where as in industrial credit sector
NPAs are still at the level of 22 per-
D. Gilt repo market cent.
1376. When did RBI stop acting as the cur- A. Only 1 is correct
rency issuing authority of Burma? B. Only 2 is correct
A. 1941 C. Both 1 & 2 are correct
B. 1942 D. Only 3 is correct
C. 1943 1380. If the Reserve Bank of India sells secu-
D. 1947 rities in the market it will result in
A. An immediate change in the Bank rate
1377. Ajay Tyagi is present Chairperson of
B. A fall in the market rate of interest
A. RBI
C. An increase in loans to Bank cus-
B. NABARD tomers
C. SEBI D. A reduction in Bank deposits
D. IRDAI 1381. A leveraged lease is a three-sided
agreement among the following:
1378. What was the name of the first person
in India who was given an Aadhaar Iden- A. Lessee, lessor and lender.
tity number? B. Lessor, commercial bank, and insur-
A. Sonia Gandhi ance company.
B. Nandan Nilekani C. a and b.
C. Ranjana Sonawane D. None of the above.
D. Atul Bhushan Pandey 1382. A retail investor wishes to sell 500

units of his mutual funds holding as he is
1379. The Banking Industry a few years back in need of money. At what price will his
was badly in the grip of Non-Performing mutual funds units be calculated?
Assets (bad loans) for which the RBI and A. At the current NAV prices
banks took special measures. As per the
latest financial reports of the industry, B. The prevailing stock prices of the units
what is the status of NPAs at present? C. At 10 percent of his buying price plus
[OBC 2008] the original cost

153
D. The current NAV price less 2 percent D. National Thermal Power Corporation
Ltd.
1383. The International Monetary Fund (IMF)

and the World Bank have together 1388. RBI has sold its entire stake except 1%
launched a private blockchain with a in which of the following organisations?
pseudo-token. The new token called-? A. DICGC
A. Learning Sikka B. NABARD
B. Learning Coin C. SIDBI
C. Learning Cash D. National Housing Bank
D. Learning Money 1389. Who is the present Chairman and Man-
1384. Which of the following units guarantees aging Director (CMD) of Dena Bank?
that all buying and selling will be made by A. Ashwani Kumar
traders? B. Ramesh S Singh
A. clearing house C. Shakti Rao
B. trading house D. Rakesh Sethi
C. guarantee house
1390. MMID is issued by banks for effecting fi-
D. professional house nancial transactions through the user’s mo-
bile phone. What is the meaning of “I” in
1385. Which is the 3rd largest foreign bank of MMID?
India in terms of branches?
A. Indian
A. HSBC
B. Identifier
B. Citi
C. Interface
C. Standard Chartered
D. Initial
D. Royal bank of Scotland
1391. FIU-IND is an independent body report-
1386. What are Time Liabilities? ing directly to the Economic Intelligence
A. The liabilities which Bank have to pay Council (EIC) headed by
on demand A. President of India
B. The liabilities which Bank have to pay B. NITI Aayog
after specific time period. C. Governor of RBI
C. The liabilities which Bank have to pay D. Finance Minister
to the Reserve Bank of India
1392. Interest on savings bank account is now
D. The liabilities which Bank have to pay
calculated by banks on
to the central government
A. minimum balance during the month
1387. WhichofthefollowingisNOTaGovernment
B. minimum balance from 7th to last day
of India undertaking?
of the month
A. Oil India Ltd.
C. minimum balance from 10th to last day
B. Sutlej Jal Vidyut Nigam Ltd. of the month
C. ICICI Bank D. daily product basis

154
1393. Which of the following NBFCs provides 1398. India has been ranked at 78th, lower
finance to the public whether by making than its emerging market peers like Brazil
loans or advances? and China, among 114 countries on the
A. Asset Finance Company World Economic Forum’s (WEF) energy
transition index. The list is topped by
B. Investment Company which of the following country?
C. Loan Companies
A. Finland
D. Infrastructure Finance Company
NARAYAN CHANGDER
B. Denmark
1394. Which of the following limits the power
of credit creation by Commercial Bank? C. Sweden
A. Fiscal Policy D. Norway
B. Banking Loan
1399. Aditya Birla Idea Payments Bank Ltd
C. Business Possession (ABIPBL) started operations, making it
D. None of the above the payments bank to roll out opera-
tions.
1395. Lending to Micro Finance Institutions by
banks is considered as finance to A. sixth
A. Non priority sector B. fifth
B. priority sector
C. third
C. commercial sector
D. fourth
D. Agriculture sector
1396. What is the meaning of the term Repay- 1400. The Asian Development Bank (ADB)
ment Capacity? was conceived in the early as a financial
institution that would be Asian in charac-
A. It is how much you pay in each EMI.
ter and foster economic growth and coop-
B. It is the time in which one can repay eration in one of the poorest regions in the
Housing Loan. world.
C. None of the options A. 1950s
D. It is based on your monthly disposable
income and other factors like spouse’s in- B. 1960s
come, assets, C. 1940s
1397. The Reserve Bank of India (RBI) has im- D. 1970s
posed a penalty of on Syndicate Bank
for non-compliance with its directions on 1401. Banks in their daily business, face vari-
“Cheque Purchase or Discounting, Bill Dis- ous kinds of risks. Which of the following
counting, and Know Your Customer (KYC)” is one such major risk?
norms.
A. Customer risk
A. Rs 50 crore
B. Reputation
B. Rs 7 crore
C. Rs 10 crore C. Goodwill risk
D. Rs 5 crore D. Operational risk

155
1402. Land development banks provide 1406. Which of the following will be consid-
longterm credit for schemes of basic im- ered as an advance to Priority Sector by
portance to agriculture as the banks?

A. minor irrigation purposes like wells, A. Credit to farmers for agricultural pur-
dug-cum-bore wells, tubewells, pump poses
sets and irrigation tanks B. Loan to a group of doctors to establish
B. mechanisation of agriculture i.e., loans a hospital in a city
for purposes of tractors, power tillers, C. Loan to a sick mill owner
threshers, etc
D. Loans given to purchase houses in
C. land reclamation, soil conservation, posh colonies
plantation of fruit orchards, dairy develop-
ment schemes etc involving heavy expen- 1407. Consider the following with respect to
diture the term ‘Core Inflation’
D. All 1. Core Inflation is the inflation rate of
a particular basket of commodities.
1403. Which of the following will replace the 2. Core Inflation is the sudden increase
present tax structure like income tax, cor- in prices of certain items of food
porate tax etc from next year? grains.
3. Core inflation is caused by supply
A. GST
shock in certain essential commodi-
B. CENVAT ties.
C. DTC A. Only 1
D. MODVAT B. Only 2
1404. The objectives of setting up of payments C. Only 3

banks will be to further financial inclusion D. Only 1 and 2
by providing
1408. What is the Dimension (size) of New 10
A. Small savings accounts rupees note?
B. Payments/remittance services to mi- A. 58 mm × 143 mm
grant labour workforce,
B. 66 mm × 124 mm
C. Low income households
C. 42 mm × 166 mm
D. All of the above D. 63 mm × 123 mm
1405. Small Industries Development Bank of 1409. The World Bank is an international fi-
India or SIDBI is the principal development nancial institution that provides loans to
financial institution in India headquartered countries of the world for capital projects.
at Lucknow with branches all over India. Where is the Headquartered of World
Who is Chairman of SIDBI? Bank?
A. Mohammad Mustafa A. New York, USA
B. Dr Kshatrapati Shivaji B. Geneva, Switzerland
C. TS Vijayan C. Paris, France
D. RS Sharma D. Washington DC, USA

156
1410. Who is appointed as Director and Gen- B. Milk production

eral Manager of United India Insurance C. Transport sector
Company (UIIC)?
D. Energy sector
A. S Gopakumar
B. MD Ranganath 1415. Non-Performing assets of commercial
banks means their loans
C. KS Srinivas
A. Fetching very low rate of Interests.
D. Manjula Chellur
NARAYAN CHANGDER
B. For which interest/instalment has re-
1411. The depreciation on an asset purchased mained unpaid after due date.
through hire purchase should be which of C. Given to sick industrial units .
the following?
D. Have not been disbursed at all .
A. Should be straight line only
B. Based on the cost price of the asset 1416. Which among the following surveys is
only not conducted by Reserve Bank of India?
C. Based on the total cost including inter- A. Consumer Confidence Survey (CCS)
est B. Inflation Expectations Survey of
D. No depreciation should be provide un- Households (IESH)
til the final payment is made C. Survey of Professional Forecasters on
Macroeconomic Indicators
1412. PFMS is a Central Plan Scheme monitor-
ing system of the department of expendi- D. Annual Survey of Industries
ture Ministry of Finance, Government of
1417. Which of the following is the custodian
India. PFMS stands for
of India’s foreign exchange reserve?
A. Public Financial Management Sending
A. Department of Finance
B. Public Financial Management Society
C. Public Financial Management System
C. Reserve Bank of India
D. Public Financial Management Service
D. Board of Financial Supervision
1413. Which body/official determines the risk
1418. Which of the following conducts the An-
coverage for calculation of premium for life
nual Survey of Industries (ASI)?
insurance policies?
A. Actuary of the life insurance company A. Central Statistics Office
B. IRDAI B. National Sample Survey Organisation
C. The chief executive of the life insur- C. Ministry of Heavy Industries and Pub-
ance company lic Enterprises
D. The board of directors of the life insur- D. Ministry of Economy

ance company 1419. RBI’s New Rules To Push Another
1414. Co-operative movement in which of the Rs Loans Into Insolvency stated Credit
following section of the indian economy Suisse.
has been highly successful? A. Rs 5.5 lakh crore
A. Small scale sector B. Rs 4.5 lakh crore

157
C. Rs 3.5 lakh crore C. 19

D. Rs 1.5 lakh crore D. 11

1420. Union Bank of India is one of the largest 1425. The Economic Development Board (EDB),
government-owned banks of India. Where the investment promotion arm of the King-
is the head office of Union Bank of India? dom of Bahrain signed an MoU with
the Government to provide a frame-
A. Kolkata
work for Co-operation between the two
B. Pune authorities to promote FinTech in their re-
C. New Delhi spective markets.
D. Mumbai A. Karnataka
B. Maharashtra
1421. The co-operative bank is governed by
the banking regulation Act 1949 and co- C. Goa
operative societies Act of D. Madhya Pradesh
A. 1960 1426. IBA was set up in with 22 members
B. 1962 to discuss issues of common interests.
C. 1965 A. 1946
D. 1969 B. 1955
C. 1934
1422. All Scheduled Commercial Banks
excluding are eligible to implement un- D. 1921
der Gold Monetization Scheme, 2015? 1427. The NCMC is a contactless smart card.
A. Private Sector Banks NCMC stands for
B. IDBI Bank Limited A. National Common Mobility Commis-
sion
B. National Common Mobility Card
D. Regional Rural Banks
C. National Common Mobility Committee
1423. Which of the following is not the essen- D. National Common Mobility Corporation
tial requirement for the endorsement as
per Negotiable Instrument Act, 1881? 1428. The Reserve Bank of India was set-up
on the recommendations of the
A. It should be on the instrument
A. Narasimham Committee
B. It should be made by the holder or the
maker B. Hilton-Young Commission
C. Signatures should be in ink and not by C. Mahalanobis Committee
pencil or rubber stamp D. Fazal Ali Commission
D. It should contain unconditional order 1429. Which is the first co-operative bank in
India?
1424. Under what section of the Banking Reg-
ulation Act, 1949 the payments banks are A. Anyonya Co-operative Bank Limited
licensed? B. Bombay Co-operative Bank Limited
A. 22 C. Jamnagar Co-operative Bank Limited
B. 2 D. The Hindu Co-operative Bank Limited

158
1430. Many times we see banks advertise- B. Promoter buyback

” anywhere Banking: Anytime Banking”. C. Mergers and Acquisitions
Which of the following product/facilities
launched by banks make it possible for D. All of the Above
the customers to avail banking services 24 1435. Which of the following is the develop-
hours all seven days? mental activities of merchant banking?
1. ATM A. Sources of funds forever
2. Internet Banking
NARAYAN CHANGDER
3. Universal cheque book facility B. Expanding industry and trade
A. Only 1 C. Leaving a widening gap unbridged be-

tween supply and demand of investible
B. Only 2 funds
C. Both 1 & 2 D. All of the above
D. Only 3
1436. Beneficiaries need to pay only as reg-
1431. Depreciation of an asset occurs due to istration fee under Rashtriya Swasthiya
Bima Yojana while Central and State Gov-
A. Fire in the unit ernment pays the premium to the insurer
B. Theft selected by the State Government on the
C. Labour Trouble basis of a competitive bidding.
A. Rs.100
D. Wear and tear
B. Rs.50
1432. Which of the following Acts has spe-
C. Rs.150
cially been enacted to help banks deal with
bad loans? D. Rs.30
A. Negotiable Instrument Act 1437. What was the fiscal deficit for 2013-14,
B. Banking Regulation Act as disclosed in the Economic Survey 2013-
14?
C. Offshore Banking Act
A. 4.1% of GDP
D. SARFAESI Act
B. 4.2% of GDP
1433. Syndicate Bank was established in C. 4.3% of GDP
1925 in Udupi, the abode of Lord Krishna
in coastal Karnataka with a capital of D. 4.5% of GDP
Rs.8000. Name the Chairman of Syndi- 1438. Which among the following country has
cate Bank? pledged an additional amount of USD 100
A. Kamal Kishore Singhal million towards the UN partnership fund,
scaling up its support to sustainable de-
B. Ajay Vipin Nanavati
velopment projects across the developing
C. Melwyn Rego world?
D. S Krishnan A. USA
1434. Which of the following are the different B. France
routes for the Venture Capital Exit? C. Japan
A. IPO D. India

159
1439. The Securitization and Reconstruction of 1443. As reported in various newspapers,

Financial Assets and Enforcement of Secu- many banks have revised their interest
rity Interests or SAFRAESI Act is meant to rates on home loans, car loans and other

A. Make recovery of bad loans simpler such loans. Which of the following phe-
nomenon prompted these banks to make
B. Enable banks to recover the loan such an upward revision in their interest
amount due without the intervention of rates?
the court
1. RBI has revised the CRR and other
C. Make disbursement of loans simpler such rates upward, which has cre-
D. For faster sanction of loans and ad- ated a liquidity crunch in the market.
vances 2. Stock markets in the country are
showing very high fluctuations as
1440. RBI has launched new restructuring tool visible through their indexes. As
RS.S4A’ to raise banks’ moral hazard risk. a result, banks have lost a huge
S4A stands for which of the following? amount of money in trading. Banks
A. Scheme for Systematic Structuring of now want to recover that money by
Stressed Assets increasing their interest rates.
3. Banks are in need of a huge amount
B. Scheme for Sustainable Structuring of of money, as they have to give re-
Scholastic Assets vised pay to all its employees.
C. Scheme for Sustainable Structuring of Select the correct answer using the codes
Stressed Assets given below
D. Scheme for Sustainable Strength of A. Only 1
Stressed Assets
B. Only 2
1441. Credit rating is C. Only 3
A. is used to rate the borrowers while giv-
D. All of these
ing advances
B. is used to work out the performance of 1444. The National Agricultural Insurance
the employees Scheme was started by the Government
of India in
C. is used to calculate the number of ex-
cellent audits rated branches A. 1990
D. is not used in any bank B. 1995
1442. Name the country, which was the C. 1999

largest source of foreign investment in In- D. 1997
dia (21.8 percent share at market value),
followed by the US and the UK, according 1445. Trust IDF is regulated by which of the
to a census by the Reserve Bank of India. following?
A. UK A. SBI
B. Japan B. RBI
C. US C. SEBI
D. Mauritius D. None of the above

160
1446. In the Fourth Bi-monthly Monetary Pol- B. Sunil Mehta Committee

icy Statement 2017-18, the Monetary Pol- C. Ajay Mathur Committee
icy Committee (MPC) has decided to keep
the policy repo rate under the liquidity ad- D. SS Mundra Committee
justment facility (LAF) unchanged at-? 1451. Payments banks cannot issue
A. 5.50 percent A. ATM
B. 5.75 percent B. Debit cards
NARAYAN CHANGDER
C. 6.25 percent C. credit cards
D. 6.00 percent D. Both A and C
1447. What is the length of UPI pin? 1452. Indian Railways during August 2014
A. 2 digits launched a contact-less smart card en-
abling passengers to pay for reserved as
B. 10 digits well as unreserved travelling train tickets
C. 4-6 digits as part of a pilot project. What is the name
of this smart card with lifetime validity?
D. 2-4 digits
A. Go-India
1448. Principal functions of SIDBI
B. Go-Bharat
A. Promotion of SSI
C. Go-Indian
B. Finance of SSI D. Go-Railway
C. Development of SSI
1453. When a bank is financing an “Interna-
D. All the above tional Business”, it in fact, is involved in
1449. The Government of India has introduced which of the following?
a pension scheme called the APY, with A. Micro Finance
effect from pursuant to the announce- B. Retail Banking
ment in the budget for 2015-16 on creat-
C. Core Banking
ing a universal social security system for
all Indians, especially the poor, the under- D. Trade Finance
privileged and the workers in the unorgan- 1454. Who has taken charge as the managing
ised sector. director and chief executive officer of IDBI
A. 01st June 2016 Bank?
B. 01st June 2015 A. SS Mundra
C. 01st June 2013 B. Rakesh Sharma
D. 01st June 2017 C. B Sriram
D. Satish Kumar Gupta
1450. Which Committee has set up to look
into the faster resolution of stressed as- 1455. In which year was World Bank formed?
sets, recommended the creation of an as-
A. 1945
set management company for the resolu-
tion of stressed loans worth more than Rs. B. 1956
500 crores? C. 1960
A. Kirit Somaiya Committee D. 1988

161
1456. HDFC Bank Limited is an Indian banking 1461. Which of the following is not classified
and financial services company headquar- as a commercial Bank?
tered in A. Regional Rural Bank

A. Bengaluru B. Private Sector Bank
B. Pune C. Foreign Bank
C. Mumbai D. Co-operative Bank
D. Chennai
1462. State Bank of India is an Indian multina-
1457. Which of the following organizations is tional, public sector banking and financial
the Mutual Fund Market regulator? services statutory body. Who is present
Chairperson of SBI?
A. AMFI
A. Rajnish Kumar
B. SEBI
B. Arundhati Bhattacharya
C. CIBIL
C. Pratip Chaudhuri
D. CRISIL
D. Om Prakash Bhatt
1458. Which of the following civilization is
considered to be the origin of Factoring? 1463. The Reserve Bank of India has clari-
fied that linking of Aadhaar to the bank
A. Indus Valley Civilization account is mandatory under the Preven-
B. Mesopotamian culture tion of Money-Laundering (Maintenance of
Records) Second Amendment Rules, 2017
C. Incas Civilization
published in the Official Gazette on 01st
D. Aztecs Civilization June 2017. PMLA and the Rules notified
there under came into force with effect
1459. What is the interest rate of Post Office from
RD Account (As on 01st January 2018)?
A. 01st July 2007
A. 6.1% per annum (quarterly com-
pounded) B. 01st July 2006
C. 01st July 2008
B. 6.3% per annum (quarterly com-
pounded) D. 01st July 2005
C. 6.5% per annum (quarterly com- 1464. The Government of India has signed a
pounded) loan deal worth USD 200 million with the
D. 6.9% per annum (quarterly com- World Bank for
pounded) A. APY
1460. Private sector RBL Bank has launched B. PMKSY
APBS for small ticket micro-finance loan C. NIRVAAN
disbursements. APBS stands for
D. POSHAN
A. Aadhaar Payment Bridge Service
1465. NBFC is a company registered under the
B. Aadhaar Payment Bridge Sending
Companies Act, 1956 of India. What is the
C. Aadhaar Payment Bridge Scheme meaning of “N” in NBFC?
D. Aadhaar Payment Bridge System A. New

162
B. Non A. Only 1
C. National B. Only 3
D. Next C. 1 and 2
1466. As we all have noticed, banks these D. All are true
days are giving more emphasis on ‘Branch-
less Banking’. What does this really 1468. Which of the following products of a
mean? bank is specifically designed to provide fi-
NARAYAN CHANGDER
nancial help to children in their higher stud-
1. Banks will not have many branches ies in India or in a foreign nation?
as used to be in the good old days.
Instead, the number of branches will A. Personal Loan
be restricted and will conduct only a B. Corporate Loan
specified” core business.
2. Banks will launch/operate many de- C. Educational Loan
livery channels like ATMs, Mobile D. Mortgage Loan
Banking/Internet Banking etc, so
that people are not required to visit 1469. Name the Bank which has launched SIM-
a branch for their usual banking sePAY, a unique innovation that allows
needs. any account holder to do money transfers,
3. This means banks will issue only pay utility bills and other mobile bank-
debit or credit cards for all types ing services, without the need for smart-
of day-to-day financial transactions. phones or internet.
Cheques/cash payments will not be A. State Bank of India
allowed.
B. HDFC Bank
given below. C. ICICI Bank
A. Only 1 D. Yes Bank
B. Only 2
1470. In which year the Banking Regulation
C. 1 and 2 Act 1949 was amended to make it appli-
D. All of the above cable to cooperative banks?
A. 1962
1467. Consider the following statements
about newly launched Mahila Kisan B. 1964
Sashaktikaran Pariyojana and State which C. 1965
of the following is/are the objectives of
MKSP? D. 1969
1. To create sustainable agricultural 1471. Which of the following institution is
livelihood opportunities for women meant for small and medium enterprises?
in agriculture
2. To ensure food and nutrition secu- A. RBI
rity at the household and community B. SIDBI
level.
C. IFCI
3. To enhance the productive participa-
tion of women in agriculture. D. NABARD

163
1472. Which of the following committee is as- 1476. The relationship between a banker and
sociated with the review of Insider Trading a customer is
Regulations?

A. That of a debtor and a creditor
A. Sodhi Committee B. Primarily that of a debtor and a credi-
B. Sinha Committee tor
C. Tarapore Committee C. That of a creditor and a debtor
D. Chandrashekhar Committee D. Both A and B
1473. Which one is true? 1477. Which of the following is not true re-
1. New Foreign Contribution Regula- garding Financial Inclusion plan?
tion Act has come into force. A. Simplified KYC norms for accounts
2. Under the law, no political party can opening
receive foreign funds as donation.
3. The act says in case of any organi- B. Mandatory branches in unbanked vil-
sation receiving funds over 10 lakh, lages
bank will immediately inform govt. C. BSBDA accounts with minimum bal-
to enable agencies to track funds. ance criteria
4. There are over 40000 organisa-
D. Micro branches to be opened in rural
tions recieving foreign contribution
area
in country out of which only 18000
report the inflow of funds & submit 1478. Which among the following countries
their accounts. has overtaken the US to become the
A. Only 4 world’s third-largest steel producer and
the country is now looking to bag the sec-
B. 2 and 4
ond spot from Japan?
C. Only 3
A. Germany
D. All are true
B. India
1474. Which of the following is NOT a banking
C. China
related term?
D. France
A. Radiation
B. Outstanding Amount 1479. The demand for heavy loans can lead to
C. Explicit Guarantee which of the following?
D. Benchmark Prime Lending Rate A. excess funds for banks

B. Deficiencies for banks
1475. A Non-performing Asset in Banking
Business means C. Organized reservation
A. A fixed asset of Bank is not been uti- D. Competitive reservations
lized
1480. The BIS is an international financial insti-
B. A portion of deposits not been utilized tution owned by central banks which “fos-
C. A loan asset on which interest and/or ters international monetary and financial
instalments not paid for a period of more cooperation and serves as a bank for cen-
than 90 days tral banks”. What is the full form of BIS?
D. All of the Above A. Bank for International Settlements

164
B. Bank for Indian Settlements B. Loans

C. Bank for Institution Settlements C. Deposits
D. Bank for International System D. Depositing Bills
1481. IRDAI has launched the Integrated
Grievance Management System (IGMS) in 1486. Consider the following statements in re-
gard to inclusive development:
A. 2015
1. As per the RBI guidelines Public
NARAYAN CHANGDER
B. 2012
Sector Banks has to give loans to
C. 2010 women SHGs at the interest rate of
D. 2005 7% .
2. The initiative is to get benefit of in-
1482. SEBI has allowed physical settlement of terest rate subvention scheme under
both stock options and stock futures. At the Damini scheme.
present only cash settlement of deriva- 3. As per the RBI guidelines Public
tives is allowed. Where is the Head Office Sector Banks has to give loans to
of SEBI? women SHGs at the interest rate of
A. New Delhi 9%
B. Mumbai Which of the statements given above
is/are correct?
C. Hyderabad
D. Kolkata A. 1 only
B. 2 only
1483. India Post Payments Bank (IPPB) has
been recently incorporated as a Public Lim- C. Both 1 and 2
ited Company under the Department of
D. only 3
Posts with equity.
A. 100% GOI equity 1487. The merger of and Vodafone India
B. 50% GOI and 50% RBI has been completed, make the largest mo-
bile operator in India?
C. 50% GOI, 25% RBI, 25% Sponsor Bank
D. 50% Sponsor Bank and 50% RBI A. MTNL
B. Reliance Jio
1484. One of the major emphasis of Basel II
is that banks should have [Allahabad C. BSNL
Bank 2010]
D. Idea Cellular
A. adequate Capital Adequacy Ratio
B. only few branches in urban centres 1488. Who undertakes the distribution of one
rupee notes and coins and small coins all
C. more and more branches in rural ar- over the country?
eas
A. Finance Ministry
D. core banking mode of operation
B. RBI
1485. Which of the following is not the fund
based business of commercial banks? C. Home Ministry
A. D.P. Operation D. All of the above

165
1489. Which of the following loans does not C. 6.40%

have and security for the bank?
D. 6.30%

A. Educational loans
B. Personal Loans 1495. Which of the following activities can
lead to financial inclusion in India?
C. Reverse mortgage loans
D. Bills discounting 1. Issuing of general purpose credit
cards.
1490. ‘Open Market Operations’ mean sale or 2. Strict know your customer’ (KYC)
purchase in the open market of norms
A. Foreign Exchange 3. Opening of Bank branches in un-
banked rural areas.
B. Goods and Services 4. Opening of no-frills account.
C. Gold Bullion
D. Government Securities given below:
1491. Where is the Secretariat office of Asian A. 1, 2 and 3 only
Clearing Union (ACU)?
B. 2, 3 and 4 only
A. Beijing, China
C. 1, 3 and 4 only
B. Kathmandu, Nepal
D. 2 and 3 only
C. New Delhi, India
D. Tehran, Iran 1496. Coins are minted in mints owned by the
1492. CSO in its advanced estimates for the Government of India. Which among the
year 2013-14 projected the GDP growth following places do not have a mint?
rate at constant prices to be A. Salboni
A. 4.60% B. Hyderabad
B. 4.80%
C. Noida
C. 4.90%
D. Kolkata
D. 0.051
1493. How much foreign exchange can be 1497. Factors responsible for the widespread
brought in while visiting India? popularity of consumer finance in recent
years: Providing access to purchasing
A. Without any limit power to the middle class consumer has
B. 10 crore been the most significant achievement of
C. 25 lac this product class. A complainant not sat-
isfied with the decision of the Banking Om-
D. 5 crore budsman, has the right to appeal to the .
1494. In GVA growth for 2017-18 is projected A. Governor SBP
at in 6th Bi-Monthly Monetary Policy
Statement (2017-18) Released By RBI. B. AVP of the concerned bank
A. 6.60% C. High Court

B. 6.50% D. Supreme Court

166
1498. What is stagflation? 1503. Banks these days have launched a new
A. Inflation with growth scheme product known as “Reverse Mort-
gage”. The scheme is designed keeping
B. Deflation with growth which of the following groups of society
C. Inflation after deflation in consideration?
D. Inflation with recession A. Youngsters who have just started earn-
ing
1499. In which year the second round of Bank
B. Defence personnel whose life is al-
NARAYAN CHANGDER
nationalisation was done?
ways at high risk
A. 1979
C. Senior citizens
B. 1974
D. Women who do not have independent
C. 1980 source of income
D. 1988
1504. RRBs are refinanced at
1500. A cheque which is issued today must A. 2% below the bank rate
be presented before at bank for payment B. 1% below the bank rate
within a stipulated period. After expiry of
that period, no payment will be made and C. 2% below the repo rate
it is then called. D. 1% below the repo rate
A. Mutilated Cheque
1505. Who wrote the book The Problem of the
B. Stale cheque Rupee-Its origin and its solution”, which
C. Crossed cheque gave the concept of RBI?
D. Open cheque A. B.R Ambedkar
B. Jawahar Lal Nehru
1501. India’s most-valued lender crossed
Rs 5 trillion market capitalisation for the C. Lala Lajpat Rai
first time, making it only the third Indian D. Dadabhai Naroji
company to achieve this milestone.
1506. Which of the following country has be-
A. Axis Bank
come the 69th shareholder of the European
B. ICICI Bank Bank for Reconstruction and Development
C. State Bank of India (EBRD) recently?
D. HDFC Bank Limited A. India

B. Russia
1502. Who has been appointed as Independent
Director on the Board of Indiabulls Housing C. Germany
Finance Ltd (IBHFL) for a period of three D. China
years?
1507. When two parties make an arrange-
A. SS Mundra ment to exchange future cash flows, it is
B. Tushar Mehta called:
C. Pravin Srivastava A. Options
D. Mahesh Y Reddy B. Arbitrage

167
C. Swap 1513. Which Bank has become the first bank in

D. Futures the country to introduce Iris Scan Authen-
tication feature for Aadhaar-based trans-

1508. NABARD provides refinance to actions through its micro ATM tablets?
A. Scheduled commercial banks A. Axis Bank
B. Co-operative banks B. ICICI Bank
C. Regional rural banks C. HDFC Bank
D. All of the above D. Yes Bank
1509. The number of regional offices of RBI is 1514. Which of the following is the name of
private sector Bank in India?
A. 20
A. IDBI Bank
B. 21
B. Axis Bank
C. 22
C. Corporation Bank
D. 23
D. UCO Bank
1510. IRDAI has formed a panel to review the
1515. Which of the following activities can be
regulations pertaining to insurance mar-
undertaken by a Business Correspondent?
keting firms. The committee is headed by
A. Selling mutual fund products
A. CV Rao
B. Selling Pension products
B. E Sreedharan
C. Extending small credit on behalf of the
C. Suresh Mathur banks
D. Biju Patnaik D. All of the above
1511. The minimum number of women re- 1516. The government has announced rupees
quired for formation of women groups un- capital infusion in 20 public sector banks,
der Development of women and children in PSBs, during the current fiscal ending 31st
Rural Areas Programme is? March to boost lending and revive growth.
A. 20 A. 20, 723 crore rupees
B. 15 B. 51, 520 crore rupees
C. 10 C. 88, 139 crore rupees
D. 5 D. 67, 542 crore rupees
1512. According to RBI Governor, which one 1517. In its latest report (October 2018), the
of the following is a major challenge to its International Monetary Fund (IMF) pro-
monetary policy? jected India’s growth rate for year 2019
A. Policies of World Trade Organisation at
B. High cost of imports A. 7.50%
C. Fiscal deficit B. 7.30%
D. Inflation and supportive recovery of C. 7.4%

Economy D. 8.10%

168
1518. Which is a legal tender in a modern econ- ‘Redesigning Lending to Reach Small Busi-
omy amongst the following? nesses’?
A. Currency notes A. Utkarsh Small Finance Bank
B. Cheques B. Equitas Small Finance Bank
C. Bank Draft C. Au Small Finance Bank
D. Promissory notes D. Fincare Small Finance Bank
NARAYAN CHANGDER
1519. The IRDAI is an autonomous, statutory
1524. The Banking Ombudsman Scheme 2006
body tasked with regulating and promot-
Covers
ing the insurance and re-insurance indus-
tries in India. Where is the head office of 1. Commercial banks
IRDAI? 2. Regional rural banks
3. Scheduled Primary Co-operative
A. Hyderabad
Banks
B. Kolkata
A. Only 1
C. Chennai
B. Only 2
D. New Delhi
C. Only 3
1520. Who were the first Chairman and Man-
D. All the above
aging Director (CMD) of Exim Bank?
A. Ravneet Kaur 1525. Which among the following sectors con-
B. TCA Ranganathan tributes most to the saving in India?
C. RC Shah A. Banking and financial sector
D. Kalyan Banerji B. Private corporate sector
1521. Liability-side of the balance-sheet com- C. Export sector

prises: D. Household sector
A. Capital and reserve
1526. Increased interest rates, as is existing
B. Long-term liabilities in the economy at present will .
C. Current liabilities A. Lead to higher GDP growth
D. All of the above B. Lead to lower GDP growth
1522. How many type of Deposit accounts are C. Mean higher cost of raw materials
offered by Bank?
D. Mean lower cost of raw materials
A. 2
B. 3 1527. Interest on national debt is included
in
C. 4
A. GNP
D. 5
B. NNP
1523. Which Bank has been awarded the pres-
C. Personal Income
tigious Celent Model Bank 2019 Award
in the category of Financial Inclusion, for D. National Income

169
1528. E-commerce is increasingly becoming a Republic, the US, Sweden, Austria and Ire-
popular mode of doing business. What is land in the top 10. WEF was established
this way of operating? in

A. Buying goods and services online from A. 1982
vendors
B. 1945
B. Placing orders on the phones
C. 1971
C. Getting 30 days credit period for pay-
ment D. 1944
D. Payment has to be made in advance be- 1533. Which of the following was/were the
fore goods/services are delivered objectives of the Competition Act 2002?
1529. What is the meaning of “P” in NPCI? 1. To keep a check on unfair trade prac-
tices
A. Payees
2. To promote Govt-supported prod-
B. Products ucts/services in competition with
C. Payments those launched by private parties
3. To control the activities of the stock
D. Pending’s markets in India which are consid-
1530. Structure of Basel II is based on how ered highly volatile
many pillars? A. Only 1 and 2
A. Two B. Only 2
B. Ten C. only 1 and 3
C. Four D. None of these
D. Three
1534. All Regional Rural Banks (RRBs) are re-
1531. Interest can be drawn through auto quired to maintain their entire Statutory
credit into savings account standing at Liquidity Ratio (SLR) in
same post office, through PDCs or ECS./In A. government and other approved secu-
case of MIS accounts standing at CBS Post rities
offices, monthly interest can be credited
into savings account standing at any CBS B. current accounts with sponsor banks
Post offices. CBS stands for C. time deposits with sponsor banks
A. Core Balance Solutions D. gold holdings only
B. Core Banking Solutions
1535. In a first for India, HSBC Holdings Plc
C. Core Banking System has executed a trade finance transaction
D. Core Banking Service using blockchain for an export by to US-
based Tricon Energy.
1532. Japan has been found to have the best
structure of production in the Geneva- A. Tata Steels
based World Economic Forum or WEF’s B. Reliance Industries Ltd
first ‘Readiness for the future of produc-
C. Jindal and Sons
tion report’ and is followed by South Ko-
rea, Germany, Switzerland, China, Czech D. HDFC Bank

170
1536. SWIFT stands for 1540. Who is the present Chief Executive Offi-
A. Station for Worldwide Interbank Finan- cer of Insurance Information Bureau of In-
cial Telecommunication dia (IIB)?
A. PVS Srikanth
B. Solution for Worldwide Interbank Fi-
nancial Telecommunication B. Kunnel Prem
C. System for Worldwide Interbank Fi- C. Sai Kumar
nancial Telecommunication D. KS Jagadeesha Reddy
NARAYAN CHANGDER
D. Society for Worldwide Interbank Fi- 1541. As we have notices, many banks are
nancial Telecommunication now entering into Insurance business.
Why are Banks entering into this sector,
1537. Which of the following services are
particularly when many insurance compa-
available under *99#?
nies are already there in India?
A. Send Money
1. By providing insurance products,
B. Request Money banks are earning additional rev-
C. Check Balance enue in terms of fee/commission.
2. Banks with their huge customer
D. All of the above base are leveraging on their existing
relationship to convert customers
1538. Consider the following facts about Bhar-
into policyholders.
tiya Mahila Bank:
3. With increase of health-related
1. BMB was inaugurated on 19th problems, everybody wants an in-
November, 2013, the birth anniver- surance cover, no matter how big
sary of Late Indira Gandh i. or small it is. Banks are coming up
2. Usha Ananthasubramanian is the with many attractive offers, which
founder Chairperson of the BMB. are also affordable.
3. BMB offered 4.5% interest rate on
A. Only 1
savings bank deposits upto Rs. 1
lakh and 5% on deposits above Rs. B. Only 2
1 lakh. C. Only 3
The correct codes are D. Only 1 & (2)
A. 1 only 1542. How much percentage of its funds can
B. 1 and 2 only be held by payments banks in current and
time deposit with Scheduled Commercial
C. 2 and 3 only
Bank?
D. All of these
A. 25%
1539. What is the amount for accidental insur- B. 40%
ance cover in PMJDY? C. 50%
A. Rs. 1 lac D. 75%
B. Rs. 2 lac
1543. Which of the following does not come
C. Rs. 50 lac under the category of development banks?
D. Rs. 10 lac A. Industrial Development Bank of India

171
B. Small Industries Development Bank of 1548. Transaction cost of trading of financial

India instruments in centralized market is classi-
fied as which of the following?

C. Industrial Investment Bank of India
D. State Finance Corporation A. low transaction costs
B. flexible costs
1544. The Public Debt Office of the Reserve
Bank of India C. high transaction costs
A. is a central depository for all types D. constant costs
of Government securities except Treasury
Bills 1549. The State Bank has raised its lending
rates by 20 basis points to 8(point)15 per
B. attends to the function of note issue cent, with immediate effect, setting the
the Reserve Bank of India tone for the industry to follow suit. Which
C. is responsible for maintaining external of the following is not a impact it?
value of rupee A. Car loan will be costlier
D. controls balance of payment position B. Car loan will be cheaper
of the Government of India
C. Home loan will be cheaper
1545. Systematic Investment Plans are a
D. Both B and C
customer-centric facility provided by
which of the following? 1550. India’s exports grew by in February-
A. Mutual funds 2018 to 25.8 billion dollars as compared
with same period in February-2017.
B. Stockbrokers
A. 5.50%
C. Commercial banks
D. Post office savings schemes B. 4.50%
C. 3.50%
1546. 1st NAFIS, conducted by National Bank
for Agriculture and Rural Development D. 2.50%
(NABARD), was recently released by Dr.
1551. Which of the following Regulations is
Rajiv Kumar, Vice Chairman, NITI Aayog.
made under the PSS Act, 2007?
What is the meaning of “S” in NAFIS?
A. Solution A. Board for Regulation
B. Service B. Supervision of Payment and Settle-

ment Systems Regulations
C. Survey
C. Survey Board of Regulation
D. Scheme
D. Both 1 and 2
1547. What is the banking, where all banking
operations are online, known as? 1552. The drawer of a cheque is always a
A. Virtual Banking A. Bank
B. Retail Banking B. Company
C. Mixed Banking C. Firm
D. Social Banking D. Customer

172
1553. What do we call the type of banking car- 1557. SEBI has decided to double the invest-
ried out by the non-bank financial interme- ment limit by angel funds in venture capi-
diaries which provide services similar to tal undertakings to
those of traditional commercial banks? A. Rs. 25 crore
A. Social Banking
B. Rs. 15 crore
B. Mixed Banking
C. Rs. 20 crore
C. Shadow banking
D. Rs. 10 crore
NARAYAN CHANGDER
D. Narrow banking
1558. What does PMLA stands for?
1554. The Reserve Bank of India has consti-
tuted a 10-member ‘High Level Task Force A. Primary Money Launching Authority
on Public Credit Registry (PCR) for India’, B. Preventing Money Launching Act
which will, among other things, suggest
C. Promoting Money Laundering Act
a roadmap for developing a transparent,
comprehensive and near-real-time PCR for D. Prevention of Money Laundering Act
India. Who is the head of Public Credit
Registry? 1559. As we all know, more and more coun-
tries/organisations are now going for
A. Sekar Karnam Non-Cash Transactions and accordingly
B. Rashesh Shah Banks have launched many new products
C. Vishaka Mulye in the market for the same. Which of the
following products is a non-cash transac-
D. YM Deosthalee
tion product?
1555. At the instance of Government of India A. Only ATM Card
Reserve Bank of India (RBI) was consti-
B. Only Credit Card
tuted a committee to review the arrange-
ments for institutional credit for agricul- C. Only Prepaid Card
ture and rural development (CRAFICARD) D. All are non-cash transaction products.
on 30 March 1979, under the Chairman-
ship of 1560. A facility under which scheduled com-
A. V K Malhotra mercial banks can borrow the additional
amount of overnight money from the Re-
B. C Rangarajan
serve Bank by dipping into their Statutory
C. B Sivaraman Liquidity Ratio (SLR). It is called?
D. Hilton Young A. Repo Rate
1556. Stepping up its fight against tax eva- B. Reverse Repo Rate
sion, the Centre has made it mandatory C. Bank Rate
to quote the Aadhaar number for opening
bank accounts and for transactions exceed- D. Marginal Standing Facility (MSF)
ing
1561. NABARD was dedicated to the service
A. Rs.10, 000 of the nation by the late Prime Minister
B. Rs.80, 000 Smt. Indira Gandhi on
C. Rs.50, 000 A. 12th July 1982
D. Rs.1, 00, 000 B. 01st January 1949

173
C. 19th July 1980 C. Public Common Registry

D. 05th November 1982 D. Public Credit Review

1562. In respect of CGTMSE (Credit Guarantee 1567. Credit Rating
fund Trust for Micro and Small Enterprises)
No collateral and no third party guarantee A. is used to rate the borrowers while giv-
for fund based and non fund based credit ing advances.
facilities up to B. is used to work out performance of the
A. Rs. 10.00 lakhs employees.
B. Rs. 5.00 lakhs C. is used to calculate the number of ex-
cellent audit-rated branches.
C. Rs.100 lakhs
D. Rs. 5 lakhs D. is not used in any bank.
1563. Where is the registered office of NPCI? 1568. What is the eligibility or entry point
norms for registration of an IFC-NBFC with
A. Chennai
RBI?
B. Hyderabad
A. A minimum of 75 per cent of the total
C. Bengaluru assets of an IFC-NBFC should be deployed
D. Mumbai in infrastructure loans
1564. What is the current FDI limit in pri- B. The company should have minimum
vate sector banks without government ap- net-worth of Rs 300 crore
proval? C. The CRAR of of the company should be
A. 34% at 15% with Tier I capital at 10%
B. 25% D. All of the above
C. 49% 1569. Your Perfect banking Partner is the
D. 74% punch line of Bank.
1565. Which of the following is the main com- A. Bank of Maharastra
ponent of Foreign exchange reserves? B. UTI Bank
A. Gold C. BOB
B. Loans
D. Federal Bank
C. Domestic currency
D. Foreign currency assets 1570. The Reserve Bank of India (RBI)
has granted “in-principle” approval to
1566. The Reserve Bank of India has initiated the applicants to set up small finance
the process to set up a digital PCR to cap- banks under the “Guidelines for Licensing
ture all the details of borrowers, including of Small Finance Banks?
willful defaulters and also the pending le- A. 11
gal suits in order to check financial delin-
quencies. What is the full form of PCR? B. 12
A. Private Credit Registry C. 13
B. Public Credit Registry D. 10

174
1571. The mission of TRAI is to create and nur- Public Finance Institutional Reforms (AS-
ture conditions for growth of telecommu- PIRe) Project.
nications in the country in a manner and
A. 103 million dollars
at a pace which will enable India to play
a leading role in emerging global informa- B. 44 million dollars
tion society. TRAI stands for C. 502 million dollars
A. Telecom Regulatory Assembly of India D. 328 million dollars
B. Telecom Regulatory Agency of India
NARAYAN CHANGDER
1576. According to Fourth Bi-monthly Mon-
C. Telecom Regulatory Authority of India etary Policy Statement 2017-18, MPC
D. Telecom Regulatory Association of In- keep the policy repo rate under the LAF un-
dia changed at-?
A. 6.25 percent
1572. Banks are not comfortable in lending to
the infrastructure sector. What are the B. 6.50 percent
reasons for this? C. 5.75 percent
A. Banks find it difficult to fund infrastruc- D. 6.00 percent
ture projects of 15 years and more
B. Infrastructure projects require large 1577. ARC ratings is a joint initiative between
scale funding which of the following?
C. Infrastructure financing becomes a as- A. Sociedade de Avaliacao Estrategica e
set liability problem for banks Risco, Lda of Portugal
D. All of the above B. Credit Analysis and Research Limited
(CARE) of India
1573. Which bank in India has introduced ver-
C. Global Credit Rating Company Limited
tical credit cards?
(GCR) of South Africa
A. Kotak Bank
D. All of the Above
B. Yes Bank
1578. Which is not a source of Agriculture fi-
C. HDFC Bank
nance in India?
D. ICICI Bank
A. Co-operative societies
1574. Core Investment Company holds not B. Commercial Banks
less than how much percent of its net ass-
ests in the form of investment?
D. Central Rural Bank
A. 50%
B. 70% 1579. The RBI has prescribed that all SGBs
should maintain their SLRs in
C. 90%
A. dated securities notified by RBI
D. 80%
B. T-bills of Government of India
1575. World Bank’s Board of Executive Di-
C. state development loans
rectors has approved a loan assistance
of million dollars for the Assam State D. All of the above

175
1580. Which of the following banks enjoys 1585. The new issue market is connected
the reputation of being at the top in mar- with
ket capitalization among all the private

A. New issue of treasury bills
banks?
A. ICICI Bank B. New issue of currency notes
B. HDFC Bank C. Issue of IPO
C. Axis Bank D. All of above

D. IDBI Bank 1586. Which Bank has launched instant over-
1581. Where is the headquarters of Asian De- draft ‘InstaOD’ facility for MSME (Micro,
velopment Bank (ADB)? Small and Medium Enterprises) customers
in a completely online and paperless man-
A. New Delhi, India ner?
B. Beijing, China A. Punjab National Bank
C. Manila, Philippines
B. ICICI Bank
D. Tokyo, Japan
1582. The Reserve Bank of India will link the D. HDFC Bank
base rate with the MCLR from 1st of April
2018 to ensure expeditious transmission 1587. In which year does Reserve Bank of In-
of its policy rate to borrowers. What is dia introduced the concept of classification
the meaning of “R” in MCLR? of money into M1 , M2 , M3 and so on?
A. Ratio A. 1956
B. Reimburse
B. 1961
C. Risk
C. 1977
D. Rates
D. 1998
1583. Kishor Kharat is Managing Director &
Chief Executive Officer of which Bank? 1588. Which of the following is not a part of
the World Bank?
A. Vijaya Bank
B. Union Bank of India A. IBRD
C. Bank of Baroda B. ADB

D. Indian Bank C. IDA
1584. Which of the following public sector D. IFC

banks is regarded as being the first to
1589. RHP means
launch its own Mutual Fund Scheme?
A. SBI A. Read Herring Prospectus
B. PNB B. Roll Hearing Prospectus

C. Bank of India C. Red Herring Prospectus
D. Canara Bank D. Red Herring Proposals

176
1590. Currently, banks claim that they have C. Dena Bank

achieved 100% CBS. What are they refer-
D. UCO Bank
ring to?
A. It means all their branches are tech- 1595. Bank of Baroda (BoB) finalised the
nology driven with core banking solutions share swap ratio for the merger of Vijaya
B. It suggests complete banking services Bank and Dena Bank with itself. As per
the Scheme of Amalgamation, sharehold-
C. It is an indication of customised bankers of Vijaya Bank will get 402 equity
NARAYAN CHANGDER
ing services shares of BoB for every shares held.
D. All of the above
A. 1500 shares
1591. The Indian rupee is a B. 1000 shares
A. token coin
C. 500 shares
B. standard-token coin
D. 100 shares
C. standard coin
D. gold coin 1596. Who amongst the following has asked
banks to adopt ‘six step’ approach to pre-
1592. MFIs currently operate in 29 States, 4 vent diversion of funds by the companies?
Union Territories and 588 districts in India.
MFIs stands for A. Company Registrar
A. Microfinance Institutions B. SEBI

B. Microfinance Indian C. RBI
C. Medium Institutions D. AMFI
D. Market Institutions
1593. A working group on cheque transactions
1. Umesh Chandra committee was set
and E-cheques was constituted by the Re-
up by RBI to study the various
serve Bank of India under the chairman-
issues relating to financial bench-
ship of Dr R B Barman and major recom-
marks.
mendations of group include
2. The committee has recommended
A. the physical cheque will be truncated change in determining money mar-
within the presenting bank ket benchmark.
B. settlement will be generated on the ba- 3. Ram Chandra committee was set up
sis of current MICR code line data by SEBI to study the various issues
relating to financial benchmarks.
C. electronic images will be used for pay-
ment processing Which of the statements given above
is/are correct?
D. All of these
A. 1 only
1594. “Honours your Trust” is a Tag line of
which bank? B. 2 only
A. Andhra Bank C. Both 1 and 2
B. Vijaya Bank D. only 3

177
1598. Small Industries Development Bank of 1603. Agricultural taxation in India is difficult
India (SIDBI) had launched a National because of
Level Entrepreneurship Awareness Cam-

A. Scattered nature of land holdings
paign. What is the name of the campaign?
B. Seasonality of production
A. Micro Credit Scheme
C. The fact that agriculture is not taxed
B. Udyam Nidhi
any where in the world
C. Udyam Abhilasha
D. Increasing overhead cost of tax collec-
D. Udyami Mitra tion and the lack of political will
1599. BASEL-III will be implemented from
1604. PACS are outside the purview of
A. 2012 the and hence not regulated by the Re-
B. 2013 serve Bank of India.
C. 2014 A. The Societies Registration Act, 1860
D. 2015 B. National Bank for Agriculture and Ru-
ral Development Act, 1981
1600. What is Money Laundering?
C. Securities and Exchange Board of In-
A. Conversion of assets into cash dia Act, 1992
B. Conversion of Money which is illegally D. Banking Regulation Act, 1949
obtained
C. Conversion of cash into gold 1605. owned PhonePe clocks 42.4 million
UPI transfers.
D. Conversion of gold into cash
A. Flipkart
1601. is a quick and easy way of transfer-
ring personal remittances from abroad to B. Amazon
beneficiaries in India by India Post. C. Snapdeal
A. EMO network D. Paytm
B. International Financial System
1606. The rate in which banks borrow loan
C. Money Transfer Service Scheme from RBI?
D. National Electronic Funds Transfer A. Reverse Repo Rate
1602. The Reserve Bank of India increased B. Repo Rate
the limits for investment by FPIs for the
January-March 2018 quarter by Rs 6, 400
crore in Central Government Securities (G- D. Base rate
Secs) and Rs 5, 800 crore in State devel-
opment loans (SDLs). What is the meaning 1607. India’s first banking robot Lakshmi
of “I” in FPI? launched by in Chennai.
A. Investors A. Axis Bank
B. Insurance B. South Indian Bank
C. Installment C. ICICI Bank
D. Investment D. City Union Bank

178
1608. Which Bank has raised its stake in 1613. The Reserve Bank of India has divested
Swadhaar Finserve Pvt. Ltd to 100% its stake in State Bank of India to
from 60.48%?
A. IDBI Bank
A. Bank of Baroda
B. LIC
B. ICICI Bank
C. ICICI Bank
D. Government of India
D. RBL Bank
NARAYAN CHANGDER
1614. Prime Minister Narendra Modi has
1609. Under which section of the RBI Act 1934 launched Ayushman Bharat, world’s
the Ways and Means Advances is pro- largest government-funded healthcare
vided? scheme in Jharkhand’s capital Ranchi. It
A. Section 3(15) will offer a benefit cover of per family
per year.
B. Section 6(3)
C. Section 21 A. Rs 2 lakh
D. Section 17(5) B. Rs 7 lakh

C. Rs 5 lakh
1610. The Narasimham Committee-I was set-
up to suggest some recommendations for D. Rs 10 lakh
improvement in the
1615. In the case of advances against fixed de-
A. efficiency and productivity of the finan- posits receipts of the bank
cial institution
A. deposit represented by the receipt is
B. banking reform process
assigned to the bank
C. export of IT sector
B. deposit receipt is pledged to the bank
D. fiscal reform process
C. deposit receipt is hypothecated to the
1611. Regional Rural Banks were set up on the bank
recommendations of D. A lien is created on the deposit re-
A. Nariman committee ceipts in favour of the bank
B. Narasimham committee 1616. ‘Account Payee Crossing’ of cheques is
C. Gadgil committee meant to convey which of the following
D. Puri committee A. Payment to the person named in the
cheque
1612. Which amongst the following organiza-
tions make major credit policies for the Re- B. Payment to the person or his autho-
gional Rural Banks (RRBs)? rized representative
A. NABARD C. Payment to the named person only

through bank clearing house
D. Payment to the payee named through
C. World Bank
clearing against the confirmation of col-
D. State Bank of India lecting bank

179
1617. Deutsche Bank AG is a German invest- the problem of Non-Performing Assets

ment bank and financial services company in banking system? [Corporation Bank
headquartered in 2011]

A. Germany A. Companies Act
B. Japan B. Banking Regulation Act
C. Russia C. Foreign Exchange Management Act
D. Scotland D. SARFAESI Act
1618. Banks and other institutions have is- 1622. Which of these are at the lowest rung
sued debt and credit cards, the purpose of of Rural Cooperative banking structure in
both are India?
A. the same, to make paperless pay- A. State Cooperative Banks
ments B. District Central Cooperative Banks
B. different, since in credit card, the ac- C. Primary Agricultural Credit Societies
count is credited with the amount while in
debit card the account is debited D. None of the above
C. the same, there is risk weight-age of 1623. is the only dedicated Institution for
125% in both the cards. education in Insurance and Actuarial Sci-
D. different, since in debit cards inter- ence in the World.
est for delayed period is charged while in A. IBAI
credit cards no such interest is charged by B. IRDAI
banks
C. IIRM
1619. NBHC has released Kharif Crop estima- D. IIB
tion for the year 2018-2019. According to
the report, the basmati rice production is 1624. In Banking terminology, NPA means
expected to decline by 9.24% to million
A. Non-Promise Account
metric tonnes.
B. Non-Personal Account
A. 7.23 million metric tonnes
C. Non-Performing Asset
B. 9.67 million metric tonnes
D. Net-performing Asset
C. 15.34 million metric tonnes
D. 5.18 million metric tonnes 1625. The “in-principle” approval for setting
up ‘small finance banks’ granted by RBI
1620. Which of the following is NOT a Public will be valid for
Sector Unit? A. 12 Months
A. HPCL B. 24 Months
B. Yes Bank C. 10 Months
C. HAL D. 18 Months
D. SAIL
1626. If a company, which is not a non-
1621. Which of the following Acts was framed banking financial company wants to collect
specially to deal more effectively with public deposits, it is governed by Act

180
A. RBI Act 1934 1632. What type of loan is granted by banks

B. Banking companies Act for purchase of white goods?
C. Companies Act 1956 A. Consumption loan
D. Central Government B. Mortgage loan
1627. One rupee notes and coins are issued by C. Consumer durables loan
A. Reserve Bank of India D. Home loan
NARAYAN CHANGDER
B. State Bank of India on behalf of Gov-
ernment of India 1633. Which of the following is known as “De-
C. Ministry of Finance mat” account?
D. Finance Minister of Central Govern- A. Account in which shares are held in

ment electronic form
1628. Under which act the Local Area banks B. Account opened with zero balance
are registered? C. Account allowed to be operated by
A. Banking Regulations Act 1949 guardian of minor
B. Companies Act 1956 D. Account operated by business corre-
C. RBI Act 1935 spondents in rural centres.
D. None
1634. Basel-II norms are associated with
1629. Which of the following is the full form which of the following aspects of the bank-
of the term SLR as used in the banking sec- ing industry?
tor? A. Risk management
A. Social Lending Ratio
B. Manpower planning
B. Statutory Liquidity Ratio
C. Retirement benefits for the employees
C. Scheduled Liquidity Rate
D. Separate Lending Rate D. Corporate governance
1630. Which of the following is the negotiable 1635. In case where the loan is sanctioned by
instrument? the bank against the borrower submitting
A. Fixed Deposit of a Bank the fake/forged documents and thus, play-
ing fraud on the bank, such a loan is to be
B. Share certificate issued by a PSU
treated in the bank’s books as a asset,
C. Demand Draft issued by a bank even when there is recovery in the account
D. Debenture of a company as per the repayment schedule approved
by the bank at the time of sanctioning the
1631. Which of the following organisations loan.
provides credit history of the borrowers?
A. standard
A. CIBIL
B. sub-standard
B. ARCIL
C. SEBI C. doubtful
D. RBI D. loss

181
1636. By which rate is the domestic current 1641. Small Finance Banks will be required to
rate of currency converted into foreign cur- extend of its ANBC to the sectors eligi-
rency? ble for classification as priority sector lend-

A. Bank Rate ing (PSL) by the Reserve Bank.
B. CRR A. 55%
C. Stock Exchange Rate B. 35%
D. Exchange Rate C. 75%
1637. India and Russia signed the S-400 air D. 0.5

defence system deal. The amount sanc-
1642. How many banks were nationalised in
tioned under the deal is (approx).
July 1969 when the first nationalisation
A. $ 1 billion took place?
B. $ 500 million A. 5
C. $ 2 billion B. 8
D. $ 5 billion C. 10
1638. In recent years it has been recognized D. 14
increasingly that a large segment of the
rural population is out of the reach of the 1643. Where is the head office of General In-
formal banking services. Which of the fol- surance Council?
lowing is the name of the concept floated A. Pune
to bring most of these rural persons in the
net of financial and banking services? B. Chennai
A. Corporate Governance C. Mumbai

B. Financial Inclusion D. New Delhi
C. Wealth Creation 1644. The first Governor of the Reserve Bank
D. Credit Management of India from 1st April, 1935 to 30th June,
1937 was
1639. Shares issued in Primary market in the
form of IPO and FPO. IPO means? A. Sir Osborne Smith
A. India Public Offer B. Sir James Taylor
B. Initial Private Offer C. CD Deshmukh
C. Initial Public Off D. Sir Benegal Rama Rao
D. Initial Public Offer 1645. Which among the following is called as
1640. Which among them is responsible for non performing assets?
maintaining a Minimum reserve system A. Assets that can exchange income;
against printing of currency notes?
B. Assets that eases to earn interest in-
A. Issue Department come
B. Banking Department C. assets that have not been commented
C. Both 1 & 2 upon by the auditors
D. None of the above D. all the above

182
1646. Which is the smallest Local Area Bank in 1651. IFRS stands for
India? A. International Financial Reporting Stan-
A. Subhadra Local Area Bank Ltd dards
B. Coastal Local Area Bank Ltd B. Indian Financial Rating Standards
C. Capital Local Area Bank Ltd C. International Financial Rating Stan-
dards
D. Krishna Bhima Samruddhi Local Area
Bank Ltd D. Indian Functional Reporting Standards
NARAYAN CHANGDER
1652. The Economist Intelligence Unit (EIU) re-
1647. Ashok Kumar Pradhan is appointed as
leased the Global Liveability Index 2018,
MD and CEO of
the ranking of 140 global cities based on
A. Bank of Maharashtra their living conditions recently. Which of
B. United Bank of India the following city is tops in this Index?
C. Punjab & Sind Bank A. New York
D. UCO Bank B. Osaka

C. Melbourne
1648. The amount of which of the following
D. Vienna
reflects the overall budgetary position of
the Government of India at a given time? 1653. Which of the following has introduced
A. Revenue deficit a new tool named Data Warehousing and
Business Intelligence System for speedy
B. Total amount of income tax collected analysis of data and identification of vio-
C. Capital deficit lations?
D. Fiscal deficit A. IRDA
B. SBI
1649. Small Industries Development Bank of
India headquarters in C. RBI
A. Kanpur D. TRAI
B. Mumbai 1654. The Reserve Bank of India issues coins

and notes of various denominations. At
C. Chennai
present RBI does not issue coins of which
D. Lucknow of the following denominations?
A. 10 paise
1650. State Cooperative Banks/District Cen-
tral Cooperative Banks (StCBs/DCCBs) B. 20 paise
are registered under the provisions of C. 25 paise
State Cooperative Societies Act of the
State concerned and are regulated by D. 1.00 Rupee
A. NABARD 1655. In India, RBI prescribes the minimum

SLR level for scheduled commercial banks
B. RBI
in India, in specified assets as a percentage
C. SEBI of bank’s
D. Government of India A. net demand and time liabilities

183
B. demand liability 1660. The board of directors of Kotak Mahin-

C. time liability dra Bank has redesignated Uday Kotak as
Managing Director and Chief Executive Of-

D. All of the above ficer. The Bank headquarters in
1656. Regional rural banks are working in all A. New Delhi
the states of India except B. Mumbai
A. Sikkim C. Chennai
B. Jammu and Kashmir
D. Kolkata
C. Goa
D. Sikkim and Goa 1661. Which of the following financial prod-
uct are NOT much popular in India as they
1657. As per the reports published in vari- have been launched only recently?
ous journals and newspapers the ‘small A. Development Bonds
borrowers’ in rural areas still prefer to
take informal route for their credit needs. B. Insurance Policies
Which of the following is the ‘informal C. Mutual funds
route’ of credit in financial sector?
D. Sovereign Wealth Funds
A. Credit cards
B. Loan against gold from financial insti- 1662. Balance in a current account is classified
tute as which of the following?
C. Debit cards A. Hybrid deposit
D. Money lender B. Term deposit
1658. What is the full form of “UPI”? C. Demand deposit

A. Unified Products Interface D. Fixed deposit
B. Unified Payments Interface 1663. A Corporate Loan has which of the fol-
C. Unified Payments International lowing features?
D. Unique Payments Interface A. Specified Repayment Schedule
1659. IGMS is an online consumer complaints B. Fixed Interest Rate

registration system created by IRDA. C. Specific Time and Amount
What is the full form of IGMS?
D. All of the Above
A. Integrated Grievance Management
Service 1664. Money Laundering normally involves
B. Integrated Grievance Management [BOB 2008]
System A. placement of funds
C. Integrated Grievance Management
B. layering of funds
Scheme
C. integration of funds
D. Integrated Grievance Management Se-
curity D. All the above

184
1665. Which organisation has unveiled 200 1670. The Cabinet Committee on Economic Af-
billion US Dollars in climate action invest- fairs chaired by Prime Minister Narendra
ment for 2021 to 2025, adding that this Modi gave its approval for implementation
amounts to a doubling of its current five- of an umbrella scheme ‘O-SMART’. The
year funding? CCEA approved the scheme for implemen-
A. New Development Bank tation during the period from 2017-18 to
2019-20 at an overall cost of
B. Asian Infrastructure Investment Bank
A. Rs 1505 crore
NARAYAN CHANGDER
C. World Bank
B. Rs 1724 crore
D. Asian Development Bank
C. Rs 2134 crore
1666. How many banks were in second phase D. Rs 1623 crore
of nationalisation?
1671. What is the share of sponsor bank in the
A. 4
capital of RRB?
B. 5
A. 35%
C. 6
B. 49%
D. 7
C. 51%
1667. United Overseas Bank Limited is a multi- D. 71%
national banking organisation headquar-
tered in 1672. Consider the following statements:
A. USA 1. Allahabad Bank was the first bank
to be established exclusively by In-
B. France dians.
C. China 2. Seven banks forming subsidiary of
D. Singapore State Bank of India was national-
ized in 1960.
1668. What does the letter ‘M’ depict in the 3. SBI was formed in 1949.
term SME as used in the financial world? Which of the statements given above
A. Maximum is/are correct?
B. Medium A. Only 1
C. Mercantile B. Only 2
D. Mutual C. Both 1 and 2
D. Both 2 and 3
1669. According to union budget 2019-20,
How many airports has operational with 1673. Which one of the following does not
the commissioning of the Pakyong airport qualify as priority sector lending by com-
in Sikkim? mercial banks?
A. 150 A. Software exports
B. 100 B. Small business loans
C. 50 C. Education loans
D. 200 D. Small industries loan

185
1674. Which type of Fund is required to be 1679. Union Minister of Commerce & Indus-
listed on Stock Exchange? try and Civil Aviation, Suresh Prabhu, is
leading the Indian delegation for the 6th

A. Debit Fund
Regional Comprehensive Economic Part-
B. Liquid Fund nership (RCEP) Trade Ministers’ Meeting
C. Close Ended Funds which has concluded in
A. China
D. Sector Funds
B. Singapore
1675. An increase in CRR by RBI leads to C. Malaysia
A. Decrease in deposit D. Japan
B. Increase in deposit 1680. The World Economic Forum (WEF) has
C. Increase in lendable resources ranked India at position on a global
manufacturing index-below China’s 5th
D. Decrease in lendable resources
place but above other BRICS peers, Brazil,
Russia and South Africa.
1676. How much cash can payment be made to
the beneficiary in India under MTSS? A. 30th
A. Rs 2, 00, 000 B. 32nd
B. Rs 50, 000 C. 34th

D. 36th
C. Rs 1, 00, 000
D. Rs 10, 000 1681. Consider the following statements and
state which of them are true?
1677. Which of the following is mainly used by 1. Govt. launched service discharge
the banks in order to meet their temporary benefit scheme for post retirement
requirement of Cash on a daily basis? security of about three lakh Gramin
A. Commercial Paper Dak Sevaks.
2. Govt. will deposit two hundred
B. Certificate of Deposit rupees per month in accounts of
C. Collateralized Borrowing and Lending Gramin Dak Sevaks working in far
Obligations (CBLO) flung areas.
3. Scheme is being functionized by uti-
D. Call Money lizing funds from PFRDA.
4. Government will provide over 70
1678. Concerned over funds sent abroad under
crore Rs. annually for this scheme.
the ‘maintenance of close relative’ cate-
gory of the LRS, the RBI has narrowed the A. 2 and 4
definition of relatives to check the flow of B. 1, 3 and 4
funds. LRS stands for
C. 1 and 3
A. Logical Remittance Scheme D. All are true
B. Liberalised Remittance Scheme
1682. The European Union has adopted which
C. Liberalised Remittance System of the following as a common currency?
D. Liberalised Remittance Service A. Dollar

186
B. Dinar A. Premium Allocation Charge

C. Yen B. Mortality Charges
D. Euro C. Surrender Charges
1683. Which of the following was the first D. Fund Switching Charge
commercial Bank of limited liability man-
aged by Indians? 1688. Which company has bagged an order
A. Punjab National Bank worth Rs 560 crore from NTPC for setting
NARAYAN CHANGDER
up a system for emission control at Dadri
B. Oudh Commercial Bank in Uttar Pradesh recently?
C. Imperial Bank of India A. RIL
D. Bank of Baroda
B. TCS
1684. Which of the following schemes was C. HPCL
launched a few years back to provide
wage employment to the rural people in D. BHEL
India (The programme is being run success-
fully in addition to NREGA)? 1689. When the exchange rate is adjusted
so that an identical good in two differ-
A. Indira Awas Yojana ent countries has the same price when
B. Accelerated Rural Water Supply Pro- expressed in the same currency. It is
gramme called
C. Total Sanitation Campaign A. Purchasing Power Parity
D. Sampoorna Grameen Rozgar Yojana B. Bank Rate
1685. Which of the following is not a sub- C. Wage Rate
sidiary of Reserve Bank of India?
D. Exchange Rate
A. Bharatiya Reserve Bank Note Mudran
Private Limited 1690. Largest shareholder (in percentage
B. NABARD shareholding) of a nationalized bank is:
C. State Bank of India A. RBI
D. National Housing Bank B. NABARD
1686. Which one of the following will setup C. LICI

core banking infrastructure for rural D. Govt. of India
banks?
A. RBI 1691. When was the Board for Payment and
Settlement Systems established in the
B. NABARD
RBI?
C. SIDBI
A. 2005
D. IBA
B. 2003
1687. is a percentage of the premium ap-
C. 2002
propriated towards charges before allocat-
ing the units under the policy. D. 2001

187
1692. The four public sector general insurance 1697. Till date there are how many banks on
companies have been implementing UHIS which PCA has been triggered?
for improving the access of health care to

A. 8
poor families. What is the full form of
UHIS? B. 10
A. Usually Health Insurance Scheme C. 11
B. Unique Health Insurance Scheme D. 9
C. Universal Health Insurance Service 1698. Where is the head office of Agriculture
D. Universal Health Insurance Scheme Insurance Company of India Limited (AIC)?
A. Hyderabad
1693. A customer wishes to purchase some US
dollars in India. He/she should go to B. Mumbai
C. New Delhi
A. Public Debt Division of the RBI only
D. Kolkata
B. American Express Bank Only
C. RBI or any branch of a Bank which is 1699. An organisation which pools money
authorized for such business from investors & invests in stock, bonds,
shares is called
D. Ministry of Foreign Affairs
A. Bancassurance
1694. Who is the first chairperson and man-
B. A Bank
aging director of public sector Bharatiya
Mahila Bank (BMB)? C. Insurance company
A. Shilpa Phadnis D. Mutual Fund
B. Usha Anantha Subramanian 1700. Regional Rural Banks fall within super-
C. Reeba Zachariah visory purview of
D. Sudha Misra A. SBI
B. RBI
1695. What was the Purpose of setting up
Narasimhan committee-2? C. SEBI
A. Efficiency and productivity D. IRDA
B. Banking reform process 1701. An Asset Reconstruction Company
C. Export of IT sector (ARC) in India is associated with
D. Fiscal Reform process A. UCPDC
B. DICGC
1696. CRILC (Central Repository of Informa-
tion on Large Credits) is a borrower level C. NPA
supervisory dataset that keeps records of D. Home Loan
loan of ?
1702. Which of the following has a fixed time
A. 5 Crore and above and pays higher interest than a SB Acc-
B. 5.2 Crore and above count?
C. 6 Crore and above A. Savings Bank Account
D. 8 Crore and above B. Fixed Deposit Account

188
C. Recurring Account C. Pipette

D. Current Account D. Break Even Point
1703. Name the scheme which is a multidi- 1707. Banks’ mandatory lending to farmers
mensional social security system tailored for agriculture, micro and small enter-
to provide socio-economic protection to prises and other weaker sections where in
worker population and their dependants banks are required to lend up to 40% of
covered under the scheme. the loans is generally described as [IBPS
2013]
NARAYAN CHANGDER
A. Aam Aadmi Bima Yojana (AABY)
A. Para banking
B. Central Government Health Scheme
B. Sub-prime lending
(CGHS)
C. Retail lending
C. Employees’ State Insurance Scheme
(ESIS) D. Priority sector lending
D. Rashtriya Swasthiya Bima Yojana 1708. Which of the following is not commercial
(RSBY) bank?
A. Foreign Banks
1704. What can be the minimum initial con-
tribution to the paid-up equity capital of B. Private Banks
small finance banks? C. RBI
A. 25% D. Regional Rural Banks
B. 40% 1709. Fitch placed on Rating Watch Neg-
C. 75% ative (RWN), reflecting a possibility of
downgrade following the USD 1.77 billion
D. 50% fraud.
1705. As per the newspaper reports, some A. Allahabad Bank
economically developed states only hold B. State Bank of India
about 60% of the total ‘Demant Accounts’ C. Punjab National Bank
in India. A demant Account is
D. Bank of Baroda
A. an account which is opened by the peo-
ple of the lower income groups of society. 1710. When did World Trade Organisation
come into force?
B. an account in which trading of the
shares is done. A. 2nd January, 1948
C. an account which can be opened only B. 1st January, 1995
by minors. C. 12th January, 1948
D. an account which can be operated by D. 15th January, 1946
big corporate houses and are mainly busi- 1711. The World Bank has set a new goal of
ness accounts like current acounts. reducing extreme poverty to:
1706. Which of the following is not a Finan- A. 9 percent by 2020
cial/Economic term? B. 6 percent by 2015
A. Marginal Utility C. 3 percent by 2025
B. Dumping D. 0 percent by 2015

189
1712. Central Bank of India, a government- C. RS. 50 lakh in metros and RS. 25 lakh in
owned bank, is one of the oldest and non-metros, given by banks from the pro-
largest commercial banks in India. It is ceeds of long-term bonds (of minimum six

based in years maturity)
A. Bengaluru D. RS. 60 lakh in metros and RS. 35 lakh
in non-metros, given by banks from the
B. Kolkata
proceeds of long-term bonds (of minimum
C. Pune seven years maturity)
D. Mumbai
1716. ACI Worldwide, a global provider of
1713. Name the India based company that real-time electronic payment and banking
has announced that its wholly-owned sub- solutions, announced that has success-
sidiary has won an international arbi- fully rolled out major new functionality
tration award of$ 56 million (Rs 390 to support EMV card acquiring across its
crore) against Prestige Capital Holdings ATM network and Aadhaar Authentication,
(a Seychelles-based company) and Kokos leveraging ACI’s UP Retail Payments solu-
Jiang. tion to achieve market firsts.
A. Adani Group A. State Bank of India
B. Birla Group B. Bank of Baroda
C. Tata Sons C. Canara Bank
D. Reliance Power D. IDBI Bank
1717. Tamil Nadu Chief Minister Edappadi K.

1714. Name the scheme, which are designed
Palaniswami laid the foundation stone for
to provide financial security to general
setting up of a Special Investment Region
people with guaranteed return on invest-
(SIR) in northern Krishnagiri district to at-
ment by department of posts.
tract investments. The foundation stone
A. Government schemes for the crore project was laid through
B. Post office schemes video conferencing from the State Secre-
tariat.
C. Revenue saving scheme
A. Rs 2, 420 crore
D. Financial security scheme
B. Rs 6, 310 crore
1715. What is the definition of affordable C. Rs 10, 730 crore
housing loans as announced by the Re-
serve Bank of India (RBI) on 15 July D. Rs 12, 670 crore
2014? 1718. How much amounts may be paid to the
A. RS. 50 lakh in metros and RS. 40 lakh beneficiary in cash of International Money
in non-metros, given by banks from the Transfer process in the Post Office Saving
proceeds of long-term bonds (of minimum schemes?
seven years maturity) A. INR. 50, 000/
B. RS. 30 lakh in metros and RS. 20 lakh B. INR. 10, 000/
in non-metros, given by banks from the
proceeds of long-term bonds (of minimum C. INR. 25, 000/
eight years maturity) D. INR. 75, 000/-

190
1719. NPCI, an organization for operating re- A. NCAER

tail payments and settlement systems, is B. CSO
an initiative of Reserve Bank of India (RBI)
and Indian Banks’ Association (IBA) under C. NSS
the provisions of D. RBI
1724. Who has been appointed as the Manag-
dia Act, 1992
ing Director and Chief Executive Officer of
B. Banking Regulation Act, 1949 General India Life Insurance?
NARAYAN CHANGDER
C. Securities Laws (Amendment) Act, A. Arvind Mayaram
1996 B. Santosh Hegde
D. Payment and Settlement Systems Act, C. JS Mathur
2007
D. Munish Sharda
1720. Scheduled bank refers to a bank
1725. An emerging market economy is highly
A. authorized by central government to classified with relatively-one in which the
transaction government business country is becoming a developed nation
B. registered with ministry of finance, and is determined through many socio
govt. of India A. Growth factors
C. Which is included in the second sched- B. GDP factors
ule to the RBI act, 1934
C. commercial factors
D. incorporated as a cooperative society
D. economic factors
1721. Which of the following Bank will be in-
vesting a total of Rs 80 billion in the Arun 1726. Which was the first bank to be wholly
III hydropower project of Nepal, which has owned and run by Indians?
900 megawatts (MW) electricity produc- A. Allahabad Bank
tion capacities?
B. Bank of Baroda
A. Punjab National Bank
C. Bank of India
B. Bank of Baroda D. Central Bank of India
1727. Currency Swap is an instrument to man-
D. ICICI Bank age [BOB 2008]
1722. Which organisation regulates capital A. currency risk
market? B. interest rate risk
A. Government of India C. currency and interest rate risk
B. RBI D. cash flows in different currencies
C. SEBI
1728. Which of the following organization is
D. None of the above made specifically responsible for empow-
1723. Which of the following agencies in India ering Micro, Small and Medium enterprises
is responsible for computation of national in India?
income? A. NABARD

191
B. RBI 1734. India started its five year planning with

effect from the year
C. SIDBI

A. 1955
D. ECGC
B. 1951
1729. What is the maximum amount of bal- C. 1960
ance can be maintained an individual in
payments bank? D. 1965
A. 1, 50, 000 1735. The decline in rate of inflation and high

real interest rates have prompted State
B. 1, 00, 000
Bank of India to cut the savings bank de-
C. 50, 000 posits rate from 4 per cent to on de-
D. 25, 000 posits below Rs. 1 crore.
A. 3.50 per cent
1730. Which of the following is not required
B. 2.75 per cent
for opening a bank account?
C. 3.75 per cent
A. Identity proof
D. 3.30 per cent
B. Address proof
C. Recent photographs 1736. What is the number of member states
in the World Trade Organisation?
D. Domicile certificate
A. 144
1731. Discount and Finance House of India Lim- B. 148
ited was set up by RBI in C. 150
A. 1988 D. 146
B. 1989
1737. The Finance Ministry and signed a
C. 1987 grant agreement of$ 24.64 million from
D. 1990 the Global Environment Facility (GEF) of
the World Bank for ecosystem service im-
1732. Who is the Chairman of HDFC Bank? provement project.
A. Aditya Puri A. World Bank (WB)
B. Deepak Parekh B. International Monetary Fund (IMF)

C. Asian Infrastructure Investment Bank
C. Shikha Sharma
(AIIB)
D. Amitabh Chaudhary
D. New Development Bank (NDB)
1733. Who is the Ex-Officio chairmain of Niti 1738. What is the financial limit Under MU-
Aayog? DRA’s Tarun scheme?
A. The President A. Rs. 40 lakh to Rs. 50 lakh
B. The Finance Minister B. Rs. 30 lakh to Rs. 40 lakh
C. The Prime Minister C. Rs. 20 lakh to Rs. 30 lakh
D. The Chief of CSO D. Rs. 5 lakh to Rs. 10 lakh

192
1739. The Reserve Bank of India has imposed 1744. The Reserve Bank of India came out
a penalty of Rs 5 crore on which of the with guidelines for banks to set up new
following banks for non-compliance of its currency chests, which include a minimum
directives? area of 1, 500 square feet for strong room.
A. Bandhan Bank The new chests should have a processing
a capacity of lakh pieces of banknotes
B. Allahabad Bank per day.
C. Karur Vysya Bank
A. 7.8 lakh pieces
NARAYAN CHANGDER
D. Bank of Baroda
B. 4.2 lakh pieces
1740. Which of the below acts as the principle
regulator in the capital market in India? C. 5.3 lakh pieces
A. IRDA D. 6.6 lakh pieces
B. RBI
1745. “Doing business report” published by
C. SIDBI
D. SEBI A. World Bank
1741. is a self-financing social security and B. IMF

health insurance scheme for Indian work- C. ADB
ers.
D. WTO
A. Employees’ State Institute
B. Employees’ State International 1746. Name the President of Beijing-
C. Employees’ State Insurance headquartered Asian Infrastructure Invest-
D. Employees’ State Indian ment Bank.
A. Li Keqiang
1742. Which of these banks is not a private
sector bank? B. Takehiko Nakao
A. Jammu & Kashmir bank C. Liqun Jin
B. Dhanlakshmi bank
D. Ban Ki-moon
C. City Union bank
D. Corporation bank 1747. Which of the following documents
is/are generally sought for Housing loan
1743. Name the bank/organisation, which approval?
has signed a multilateral coopera-
tion agreement with member devel- 1. Residence proof
opment banks of BRICS to undertake 2. Latest salary slip
“collaborative research” in distributed 3. Last 6 months bank statements
ledger/blockchain technology.
A. Only 1
A. Exim Bank of India
B. Only 2
C. State Bank of India C. 1 and 3
D. ICICI Bank D. All the above

193
1748. Gross domestic product is a measure of 1752. Micro credit or micro-finance is a novel
the total value of all approach to banking with the poor. In this
approach, bank credit is extended to the

A. consumer income in an economy over
a period of time poor through
B. capital accumulation in an economy A. Self-Help Groups
over a period of time B. Anganwadi
C. sales in an economy over a period of C. Cooperative Credit Societies
time D. RBI
D. final goods and services produced in
an economy over a period of time 1753. The Indian economy will expand by in
2017-18, according to the new data of
1749. Which organisation has approved a pro- the government’s Central Statistics Office
posal to allow foreign investors to trade (CSO).
in commodity derivatives market, except
A. 6.10%
for sensitive commodities, as well as com-
mon application form for the registration B. 6.30%
of FPIs in the domestic market? C. 6.70%
A. NABARD D. 6.50%
B. TRAI 1754. A worldwide financial messaging net-
C. IRDAI work which exchanges messages between
D. SEBI banks and financial institutions is known
as
1750. Interim Finance Minister Piyush Goyal
A. SWIFT
has allocated crore for a key scheme
aimed at the rural poor MGNREGA for fis- B. Basel
cal year 2018-19. C. RTGS
A. Rs 80, 000 crore D. NEFT
B. Rs 20, 000 crore
1755. Which of the following is not a objective
C. Rs 50, 000 crore of Bank portfolio management?
D. Rs 60, 000 crore A. Profitability
1751. Which one of the following was the pur- B. Liquidity
pose of the appointment of Rangachary C. Safety
committee?
D. Expansion
1. Taxation of software Development
Centres & IT Sector. 1756. Who has been appointed as chairman of
2. Taxation of Biotechnology and Phar- the Central Board of Indirect Taxes and
macy sector. Customs (CBIC), the apex policy-making
3. Taxation of MSME sector. body for indirect taxes?
A. Only 1 A. Nripendra Misra
B. Only 2 B. Pranab Kumar Das
C. Only 3 C. Snehlata Shrivastava
D. Both 2 and 3 D. Hasmukh Adhia

194
1757. Stand Up India scheme caters to 1762. Debt-laden Air India has received a loan
promoting entrepreneurship amongst worth of Rs 1, 500 crore from to meet
women, category. urgent working capital needs less than a
A. SC month after floating a tender in this re-
gard.
B. ST
A. Indian Overseas Bank
C. General
B. Punjab National Bank
D. Both A and B
NARAYAN CHANGDER
C. Bank of India
1758. The Definition of ‘Banking’ is given in D. Bank of Baroda
A. Negotiable Instrument Act, 1881
1763. Utkarsh Micro Finance Limited is regis-
B. RBI Act, 1934 tered with Reserve Bank of India as Non-
C. The Banking Regulation Act, 1949 Banking Finance Company-MFI (NBFC-
MFI). Where is the registered office and
D. Indian Contract Act, 1872 corporate office of Utkarsh Micro Finance
1759. Public Sector Banks include? Limited?
A. Dehradun, Uttarakhand
A. 20 Nationalized Banks + State Bank of
India + 5 SBI Associates + IDBI B. Varanasi, Uttar Pradesh
B. 20 Nationalized Banks + 6 Private C. Bhagalpur, Bihar
Banks D. Siliguri, West Bengal
C. 14 Nationalized Banks + 6 SBI Asso-
ciates + 7 Private Banks 1764. NABARD has conferred the ‘best per-
formance award’ for 2015-16 and 2016-
D. 20 Nationalized Banks + State Bank of 17 to for its work in the field of credit-
India + 5 Private Sector Banks + IDBI linking joint liability groups (JLGs).
1760. PIN stands for which of the following? A. Uttarakhand Gramin Bank (UGB)
A. Permanent Identity Number B. Madhyanchal Gramin Bank (MGB)
B. Portable Identification Number C. Karnataka Vikas Grameen Bank
(KVGB)
C. Permanent Identification Number
D. Madhya Bihar Gramin Bank (MBGB)
D. Personal Identification Number
1765. What is the maximum Daily ATM cash
1761. Which of the following best defines the withdrawal limit in Post Office Saving
meaning of Exchange rate? Schemes??
A. It is a price at which Foreign money is A. Rs 25000
exchanged at counters.
B. Rs 20000
B. It is the price at which one country’s
currency is expressed in another coun- C. Rs 15000
try’s currency. D. Rs 10000
C. It is the price at which Foreign materi- 1766. The right to retain possession only of
als are purchased or sold. those goods in respect of which the dues
D. All of the above have arisen is called

195
A. particular lien 1771. Which of the following is the feature of

the commercial paper?
B. general lien

A. It is an additional instrument to the in-
C. right of set off
vesting community.
D. All of these B. It is an unsecured instrument issued in
the form of promissory note.
1767. Inflation is caused by
C. The highly rated corporate borrowers
A. increase in supply of goods can raise short term funds through this in-
B. increase in cash with the government strument.
C. decrease in money supply D. All of the above
D. increase in money supply 1772. Which of the following is/are commod-
ity/ies on which subsidy is given to farm-
1768. Which of the following is called the ers/poor in India?
World Bank?
1. Fertilizer
A. International Monetary Fund 2. Kerosene
B. Asian Development Bank 3. LPG
C. World Trade Organisation A. Only 1

B. Only 2
D. International Bank for Reconstruction
and Development C. Only 3
D. All the above
1769. State-owned and Private Life Insurer
Bajaj Allianz Life Insurance Co Ltd (BALIC) 1773. Paytm Payments Bank has appointed
entered into a strategic partnership to pro- veteran banker as Managing Director
vide life insurance solutions, especially at and CEO.
the doorstep of every household in the A. Amitabh Chaudhry
country.
B. Satish Kumar Gupta
A. Bank of Baroda
C. Renu Satti
D. Sandeep Bakhshi
C. India Post Payments Banks
1774. A bank’s ‘fixed deposit’ is also referred
D. State Bank of India to as a
1770. The Capital market regulator SEBI has A. term deposit
raised the investment limit for FPI in cen- B. savings bank deposit
tral government securities to over 1.91 C. current deposit
lakh crore from January 2018. FPI stands
for D. demand deposit
A. Foreign People Investors 1775. Life Insurance Corporation of India is

an Indian state-owned insurance group
B. Foreign Portfolio Investment
and investment company headquartered in
C. Foreign Portfolio Investors Mumbai. LIC was established in
D. Foreign Personal Investors A. 1956

196
B. 1962 1781. Which of the following is a nostro ac-

C. 1955 count?
D. 1949 A. Account of a foreign bank in India
1776. Which of the following best defines the B. Account of an Indian bank within an-
Reverse Mortgage Loan Scheme? other bank overseas
A. A reverse mortgage is a loan for se- C. Account of a non-resident Indian
niors age 62 and older.
D. All of the above
NARAYAN CHANGDER
B. These loans are secured over a resi-
dential property. 1782. The RBI has allowed state-owned oil
C. These loans typically do not require companies to borrow long term working
monthly mortgage payments. capital from overseas. RBI relaxed the pol-
icy on borrowing up to billion US dollar
D. All of the Above
from the overseas by the state owned fuel
1777. IPR are the rights given to persons over retailers.
the creations of their minds. IPR stands A. 20 billion US dollar
for
B. 15 billion US dollar
A. International Property Rights
B. Intellectual Person Rights C. 10 billion US dollar
C. Increment Property Rights D. 05 billion US dollar
D. Intellectual Property Rights
1783. Bank rate refers to the
1778. Gramin Bank has conceived a novel
A. Interest rate at which Commercial
programme called FI@School.
Banks accept deposits from the public.
A. Kerala
B. Rate at which Central Bank redis-
B. Sarva Haryana counts bills of exchange of Commercial
C. Bihar Banks.
D. Prathama C. Prime Lending Rate of Commercial
1779. Which of the following is an example of Banks
NBFCs? [IBPS 2013] D. Interest rate at which Commercial
A. Unit Trust of India Banks lend to the customers
B. Life Insurance Corporation
1784. The government has proposed amalga-
C. General Insurance Corporation mation of Bank of Baroda, Vijaya Bank,
D. All of the above and Dena Bank to create India’s 3rd
largest globally competitive Bank recently.
1780. Which of the following is not a type of Vijaya Bank based in
cheque issued by an individual?
A. Chennai
A. Bearer cheque
B. Order cheque B. New Delhi
C. Crossed cheque C. Kolkata

D. Savings cheque D. Bengaluru

197
1785. State-owned IPPB and Private Life 1790. SEBI is the regulatory body for the stock
Insurer has entered into a strategic markets. When was it formed?
partnership to provide life insurance solu-

A. 1990
tions, especially at the doorstep of every
household in the country. B. 1999
A. Max Newyork Life Insurance C. 1992
B. Bharti AXA Life Insurance Company D. 1996
C. IDBI Federal Life Insurance 1791. In how many divisions DGBA is divided
D. Bajaj Allianz Life Insurance Co Ltd at Central Office?
A. one
1786. Money Laundering is
A. Conversion of money which is illegally B. two
obtained C. three
B. Conversion of money which is legally D. four
obtained
1792. The SecuritisationAnd Reconstruction of
C. All converted money Financial Assets and Enforcement of Se-
D. All of the above curity Interests Act (SARFAESI Act) at
present, is not applicable to
1787. is a specifically delineated duty-free
enclave and shall be deemed to be foreign A. Public Sector Banks
territory for the purposes of trade opera- B. Financial Institutes of the Govt.
tions and duties and tariffs.
C. Private Banks
A. SEZs
D. Non Banking Financial Companies
B. FDI
1793. MDR is a fee charged from a merchant
C. FIPB
by a bank for accepting payments from cus-
D. CDR tomers through credit and debit cards in
1788. The record of all economic transactions their establishments. MDR stands for
between the residents of a country and the A. Merchant Discount Ratio
rest of the world in a particular period is B. Merchant Discount Rate
known as?
C. Merchant Discount Rating
A. Balance in Current Account
D. Merchant Development Rate
B. Balance in Capital Account
C. Trade Settlements 1794. Which of the following relates to the no-
tice of protest under section 102 of the Ne-
D. Balance of Payments
gotiable Instruments Act, 1881?
1789. Which of the following are intermedi- A. may be given by the notary public who
aries are not working for Banks? makes the protest
A. Direct sales agents B. must always be given by the notary
B. Automatic dealers public who makes the protest
C. Whole sellers C. must be given by the holder
D. Merchant establishments D. none of the above

198
1795. Bank loan against property requires the 1800. Which of the following is not Develop-
asset to be free from encumbrances. What ment Bank/Non Commercial Bank?
does it mean?
A. SIDBI
A. The asset to be free from any liability
B. National Housing Bank
B. The asset to be properly registered
C. IDBI
C. The property to be fully constructed
D. None of these
D. The asset should not have multiple
NARAYAN CHANGDER
owners 1801. Who among the following cannot be-
come a BC?
1796. What is the minimum amount of money
that can be transferred through RTGS? A. Krishi Vigyan Kendras
A. Rs 2 lakh B. Khadi and Village Industries units
B. Rs 2.5 lakh C. Community based organisations
C. Rs 3 lakh D. All of the above can become a BC
D. Rs 5 lakh
1802. The full form of PIN in the parlance of
1797. Deposits with Regional Rural Banks an ATM card is
(RRBs) are insured by A. Permanent Information Number
A. Life Insurance Corporation of India B. Personal Identification Number
B. General Insurance Corporation
C. Professional Identification Number
C. Deposit Insurance and Credit Guran-
D. Permanent Identification Number
tee Corporation
D. None of the above 1803. The Insurance Ombudsman scheme was
created by the Government of India for
1798. Loans against the security of shares, individual to have their complaints set-
debentures and bonds should not exceed tled out of the courts’ system in a cost-
the limit of Rupees per individual if the effective, efficient and impartial way.
securities are held in physical form.
A. customers
A. two lakhs
B. agents
B. five lakhs
C. policyholders
C. ten lakhs
D. bankers
D. fifteen lakhs
1799. Which of the following types of insti- 1804. Which of the following acts as an inter-
tutions operate in the call money market mediary to link up the sources of ideas and
only as lender? the sources of fund?
A. Commercial banks A. Merchant banking

B. Primary dealers B. Venture capital
C. Insurance companies C. Leasing
D. SBI D. None of these

199
1805. In service sector, a medium enterprise 1810. Which of the following is an investment
is an enterprise where the investment in advisory discipline?
equipment is more than Rs. 2 crore but

A. Corporate Industrial Finance
does not exceed how much amount?
B. Offshare Banking
A. Rs 5 crore
C. Wholesale Banking
B. Rs 10 crore
D. Wealth Management
C. Rs 15 crore
D. Rs 20 crore 1811. The Reserve Bank of India keeps on
changing various ratio/rates frequently.
1806. Which of the following is consid- Why is this done?
ered an informal method of getting 1. To keep inflation under control.
credit/finance? [Vijaya Bank 2008] 2. To ensure that Indian Rupee does
A. Internet banking not lose its market value.
3. To ensure that Banks do not earn
B. Branch visits
huge profits at the cost of public
C. Going to moneylenders money.
D. Telebanking A. Only 1
1807. National Sample Survey Organisation B. Only 2

(NSSO) is an organization under the C. Only 3
A. Ministry of Finance D. All 1, 2 & 3
B. Ministry of Rural Development 1812. Which of the following Private sector
C. Ministry of Commerce and Industry Bank has launched the fourth edition of
‘Evolve’ in Coimbatore, Tamil Nadu re-
D. Ministry of Statistics and Programme
cently?
Implementation
1808. What is the time period for a Short term
B. ICICI Bank
corporate loan?
C. HDFC Bank
A. 1 Year
D. Axis Bank
B. 18 Months
C. Both A and B 1813. “World Investment Report” is annually
published by
A. IBRD
1809. is similar to a credit card, but unlike B. WTO
a credit card, the money comes directly
from the user’s bank account when per- C. IMF
forming a transaction. D. UNCTAD
A. Debit Card
1814. What is the maximum loan duration for
B. Smart Card the Personal Loan?
C. Money Card A. 1-5 years
D. All of the above B. 2-4 years

200
C. 1-8 years C. RBI would buy the bonds in the open

D. 1-10 years market
D. RBI will stop the transactions which in-
1815. What was the paidup capital of RBI volve the bills of exchange
when it commenced operations as India’s
central bank on April 1 1935? 1820. In the recent times the RBI and the Se-
A. Rs 1 crore curities & Exchange Board of India (SEBI)
have taken various steps to control the
B. Rs 5 crore flow of capital in India economy. Which
NARAYAN CHANGDER
C. Rs 10 crore of the following is/are NOT included in
D. Rs 100 crore this/these step(s)? [BOM 2008]
1. Guidelines have been issued to
1816. In Notice Money Market, the tenor of restrict unregulated overseas in-
the transactions is from vestors through “P-notes”.
A. 2-7 days 2. RS. 60, 000 crore out of this fund is
B. 2-14 days being provided to waive the loans
on farmers. (3) Borrowers raising
C. 2-21 days external commercial borrowings of
D. 2-28 days over$ 20 million would have to park
the proceeds overseas for use as for-
1817. Tarapore Committee submitted its re- eign currency expenditure.
port on “Full Convertibility on Rupee” in
A. Only 1
A. American Depository Receipt
B. Only 2
B. Current Account
C. Only 3
C. Capital Account
D. Both (1) & (3)
D. A & C Both
1821. Asian Infrastructure Investment Bank
1818. A type of fraud wherein criminals use an (AIIB) has approved USD 150 million eq-
innocent person’s details to open or use an uity investment loan to the India Infras-
account to carry out financial transactions tructure Fund. It is the bank’s first such
is known as loan to fund private projects. AIIB based
A. identity theft in-?
B. hacking A. France
C. money laundering B. Australia
D. phishing C. China
1819. We suppose that Reserve Bank of India D. Germany

would like to increase the cash Reserves of 1822. The Imperial Bank of India was renamed
the commercial banks. Which among the as?
following would be most appropriate ac-
tion of the RBI to achieve this aim? A. Reserve Bank of India
A. RBI would release gold form its re- B. IDBI

serves C. Union Bank of India
B. RBI would raise the reserve ratio D. State Bank of India

201
1823. OLTAS stands for C. Centralised

A. On-line Transaction Accounting Sys- D. Collection

tem
1829. On which of the following instruments
B. On-line Tax Amounting System is the rate of return calculated on a ‘dis-
C. On-line Tax Accounting Service count basis’?
D. On-line Tax Accounting System A. Commercial paper
B. Commercial bills
1824. The IRDAI was incorporated as a statu-
tory body in C. Both 1 and 2
A. April 2000 D. Neither 1 nor 2
B. May 2001 1830. What is the full form of OSMOS?
C. December 1999 A. On Site Surveillance and Monitoring
D. August 1991 System
B. Off Site Surveillance and Monitoring
1825. The weakest link in the co-operative
System
credit system is
C. Over-Simplified Method of Surveil-
A. non-availability of published data on lance
their functioning
D. On Site Migration of System
B. the non-viability of a large number of
primary agricultural credit societies 1831. What do we call the funds that the
C. presence of multiple structure and di- banks keep with RBI as a portion of their
verse nature of various types of primary Net Demand and Time Liabilities?
societies A. Statutory Liquidity Ratio
D. Both A and B B. Cash Reserve Ratio
1826. The branding line of Bank of Baroda is C. Bank Rate

[BOB 2008] D. Reverse Repo Rate
A. International Bank of India 1832. National Securities Depository Limited
B. India’s International Bank is an Indian central securities depository
based in
C. India’s Multinational Bank
A. New Delhi
D. World’s local Bank
B. Chennai
1827. When the IDBI was set up in India?
C. Hyderabad
A. 1964
D. Mumbai
B. 1967
1833. The capital of IMF is made up by contri-
C. 1968
bution of the
D. 1969 A. credit
1828. What does C in BBPCU stand for? B. deficit financing
A. Central C. member nations
B. Console D. borrowing

202
1834. The largest shareholder of a public sec- 1839. The Indian government has announced
tor bank is an allocation of over 2 years for the re-
capitalization of public sector banks.
A. RBI
A. Rs 30.74 lakh crore
B. Rs 2.11 lakh crore
C. NABARD
C. Rs 17.53 lakh crore
D. All of the Above
D. Rs 12.43 lakh crore
NARAYAN CHANGDER
1835. Who is the present Chief Executive Of-
1840. Which of the following is the full form
ficer and Managing Director of Punjab Na-
of KCC as used in the agriculture sector?
tional Bank?
A. Kisan Credit Card
A. Usha Ananthasubramanian
B. Kisan Credit Company
B. Sunil Mehta
C. Knowledge Credit Corporation
C. Rakesh Sethi
D. Konkan Credit Corporation
D. Melwyn O Rego
1841. Which of the following documents
1836. Which one of the following is an exam- is/are considered as officially valid docu-
ple of joint supply? ment to satisfy KYC norms for opening a
A. Sugar and Tea Bank account?
B. Diesel and Bus 1. Passport

2. PAN
C. Ink and Fountain Pen 3. Aadhar number issued by Unique
D. Wool and Mutton Identification Authority of India
A. Only 1
1837. Which of the following acts regulates
the underwriting process in India? B. Only 2
A. RBI Act 1934 C. Only 1 and 2

D. All the above
B. Securities and Exchanges Board of In-
dia (Underwriters) Regulations, 1993. 1842. Current account deficit (CAD) widened
C. Securities and Exchange Board of In- to of GDP for the July-September quar-
dia (Underwriters) (Amendment) Regula- ter.
tions, 2006 A. 2.40%
D. Both b and c B. 2.9%
1838. Which among the following Bank has in- C. 3.30%

troduced a loyalty program for its valued D. 3.20%
customers?
1843. In a move aimed at creating a pay-
A. Bank of Baroda ments acceptance network for unorga-
B. HDFC Bank nized retail including small merchants and
kirana stores where consumers can make
C. Indian Bank
payments, has partnered with Financial
D. State Bank of India Software and Systems (FSS).

203
A. ICICI Bank 1848. Which among the following benefits is

B. RBI associated with RuPay?

C. PNB A. International transactions lead to
higher transactions costs. Such costs can
D. IPPB be reduced by using RuPay
1844. SBI Day is observed on B. Users will get alerts for every transac-
A. April 1 tion made through RuPay Card
B. May 1 C. Processing Fees for RuPay card com-
pared with regular debit/credit cards will
C. June 5
be considerably lower
D. July 1
D. All of The Above
1845. National Housing Bank (NHB) was set
up on under the National Housing Bank 1849. Indian Bank has introduced two tier in-
Act, 1987. terest rate structures for saving bank ac-
counts and will offer interest rate of 4 per
A. 01st July 1956 cent per annum on savings account with in-
B. 02nd October 1976 cremental balance of over Rs 50 lakh and
C. 01st January 1934 3.50 per cent per annum for deposit up to
Rs 50 lakh. Where is the headquarter of
D. 09th July 1988 Indian Bank?
1846. The Financial Stability Forum was a A. Mumbai
group consisting of major national finan-
B. Bengaluru
cial authorities such as finance ministries,
central bankers, and international financial C. Hyderabad
bodies. Where is the headquarters of Fi- D. Chennai
nancial Stability Forum?
A. Beijing 1850. Which among the following public sec-
tor banks has announced that BNP Paribas
B. Vienna
Cardiff is keen to increase its stake from
C. New York 26 percent to 36 percent?
D. Basel A. ICICI Bank
1847. Established by the Government of India, B. Indian Bank
we commenced operations in 1982 under C. State Bank of India
the Export-Import Bank of India Act, 1981
as a purveyor of export credit, mirroring D. Punjab National Bank
global Export Credit Agencies. Who is
Managing Director of Export-Import Bank 1851. In Take Out Financing there is/are how
of India (Exim Bank)? many parties involve?
A. Ramesh Abhishek A. One

B. Bharti Taneja B. Two
C. Rita Teootia C. Three
D. David Rasquinha D. Four

204
1852. Which of the following are the charges 1857. Union Minister of Commerce & Indus-
to provide for the cost of insurance cover- try and Aviation Suresh Prabhu launched
age under the plan? ‘Niryat Mitra’-mobile App in New Delhi.
A. Policy Charges The app developed by
B. Administration Charges A. TCS
C. Surrender Charges B. FIEO
D. Mortality Charges C. UGC
NARAYAN CHANGDER
1853. According to the TRA Brand Trust Re- D. Wipro
port 2018, the State Bank of India was
the most-trusted bank (both public and pri- 1858. Lead Bank scheme was introduced to
vate sector) in the country and topped provide lead roles to which of the follow-
the chart among the private ones. ing banks?
A. Kotak Mahindra Bank A. Public sector banks
B. Axis Bank B. Private sector banks
C. ICICI Bank C. Both 1 and 2
D. HDFC Bank
D. Neither 1 nor 2
1854. A scheduled bank must be
1859. What is the minimum capital required to
A. A corporative or company incorpo- set up payments bank?
rated by any law in force in any place in
India A. Rs 100 crore
B. An institution notified by GOI B. Rs 75 crore
C. A company as defined by companies C. Rs 50 crore
act, 2013
D. Rs 25 crore
D. All of the above
1860. Standardized futures contracts exist for
1855. Where is the Headquarters of Telecom
all of the following underlying assets ex-
Regulatory Authority of India (TRAI)?
cept which of the following?
A. Hyderabad
A. Treasury bonds
B. Kolkata
B. Gold
C. New Delhi
D. Chennai C. Common stocks
D. Stock index
1856. Which of the following organisa-
tions/banks has done a commendable
1861. Which of the following rates is decided
work in the field of micro-finance and was
by the market conditions and not by RBI?
awarded Nobel Prize also in the past?
A. Bank rate
A. Gramin Bank of Bangladesh
B. CRY B. SLR
C. ASHA C. CRR
D. NABARD D. Inflation rate

205
1862. HDFC ERGO, India’s third-largest non- 1867. When was the Factoring Regulation Act
life insurance provider in the private sec- passed in India?
tor, announced the launch of ‘E@Secure’,

A. 2011
a Cyber Insurance Policy for individuals.
HDFC ERGO is based in B. 2000
A. Mumbai C. 1991
B. New Delhi D. 2001
C. Chennai
1868. one of India’s first payments banks,
D. Kolkata
has been allowed to open new accounts by
1863. Banking which involves mobilizing large RBI after it submitted a compliance report.
part of the deposits in risk free assets such A. India Post Payments Bank
as government securities is called
B. Jio Payments Bank
A. Overseas Banking
B. Offshore Banking C. Fino Payments Bank
C. Islamic Banking D. Aditya Birla Payments Bank

D. Narrow Banking 1869. A 10-member High Level Task force was
1864. Equity schemes managed strong NAV constituted by RBI on Public Credit Reg-
gains which boost their assets’ was a new istry under the chairmanship of which of
in some financial newspapers. What is the the following persons?
full form of NAV used as in above head- A. Nandan Nilekani
lines? [Central Bank of India 2010]
B. ABP Pandey
A. Nill Accounting Variation
C. Urjit Patel
B. Net Accounting Venture
C. Net Asset Value D. Y M Deosthalee
D. New Asset Venture 1870. What is the main function of National

Planning Council?
1865. The RBI will inject crore in the bank-
ing system in November 2018 via Open A. Suggestions to Planning Commission
market operation (OMO).
B. Formation of Committee
A. Rs 40, 000 crore
C. Formation of Five Year Plan
B. Rs 10, 000 crore
D. Formation of Socio-Economic Pro-
C. Rs 50, 000 crore
gramme
D. Rs 20, 000 crore
1871. Which of the following bank launches In-
1866. Which Bank has launched 10-second pa-
dia’s first Mobile ATM?
perless instant loan Scheme?
A. HDFC Bank
A. HDFC
B. SBI B. Axis Bank
C. PNB C. ICICI Bank
D. IDBI D. SBI

206
1872. SWIFT announces the extension of its 1. Central govt. holds 50% stake.
GPI Tracker to cover all payment instruc- 2. RBI holds 50% stake.
tions sent across the network, enabling 3. State government holds 15% stake.
GPI banks to track all their SWIFT pay- 4. Sponsored bank holds 35% stake.
ment instructions at all times, and giving
A. Only 1 & 2
them full visibility over all their payments
activity. What is the meaning of “S” in B. Only 2, 3 & 4
SWIFT? C. Only 1, 3 & 4
NARAYAN CHANGDER
A. Service
D. Only 1 & 4
B. Society
C. System 1877. In India, Scheduled Commercial Banks
are those Banks included?
D. Scheme
A. In the 2nd Schedule of RBI Act 1934
1873. As per the status on January 28,
2014 the Marginal Standing Facility (MSF) B. In the 2nd Schedule of BR Act 1949
stands at C. In the 2nd Schedule of NI Act 1881
A. 8.50% D. In the 2nd Schedule of Companies Act
B. 8.75% 1956
C. 9.00%
1878. Which of the following department is
D. 9.25% not a part of Finance Ministry of India?
1874. Which of the following organisations is A. Department of Revenue
known as the market regulator in India?
B. Department of Expenditure
A. IBA
C. Department of Economic Affairs
B. SEBI
D. Department of Industrial Policy & Pro-
C. AMFI
motion
D. NSDL
1879. Central Bank of India was the first pub-
1875. Which of the following is the standard lic bank to introduce:
definition of recession?
A. Credit card
A. Negative GDP growth for the year as a
whole B. ATM Card
B. Negative GDP growth for two consecu- C. Mobile ATM
tive quarters
D. Internet Banking Facility
C. Negative GDP growth for three consec-
utive quarters 1880. Union Budget, which is presented every
D. Negative GDP growth with increased year in the parliament, is also known as
rate of inflation compared to the previous A. General Budget
years
B. Common Budget
1876. Which of the following statements
C. Annual Budget
is/are true about the shareholding in the
Regional Rural Bank (RRB)? D. Finance Report of the Year

207
1881. Standard Chartered PLC is a British 1886. What was the target set by
multinational banking and financial ser- Narasimham-II Committee for the capital
vices company headquartered in adequacy ratio of the banks by the year

2000?
A. Birmingham
A. 8%
B. Manchester
B. 9%
C. London
C. 10%
D. Cambridge
D. 11%
1882. Which among the following countries
are not the members of the Asian Clearing 1887. The Reserve Bank of India (RBI) re-
Union (ACU)? cently announced a hike in some policy
rates and also indicated that there may
A. Bangladesh be another change in near future. Which
B. India of the following is/are considered a policy
rate(s) in the hands of the RBI? [Corpora-
C. Maldives
tion Bank 2010]
D. China
1. Repo Rate
1883. What is the maturity period of Senior 2. SLR
Citizen Saving Scheme (SCSS)? 3. Inflation
A. Only 1
A. 5 years
B. Only 2
B. 50 years
C. Only 3
C. 1 years
D. Only 1 & (2)
D. 10 years
1888. The full form of SPNS is
1884. The Kirloskar group had announced that
it has received license from the Reserve A. Shared Payment Network System
Bank to launch a NBFC. Who will be head- B. Sharing Process Network System
ing this NBFC?
C. Shared Procedural Network System
A. Vimal Bhandari D. Shortest Possible Networking System
B. Renu Satti E. None of these
C. Satish Kumar Gupta
1889. India’s exports grew by in February-
D. Sandeep Bakhshi 2018 to 25.8 billion dollars.
1885. system of money transfer for trans- A. 1.50%
ferring personal remittances from abroad B. 7.50%
to beneficiaries in India.
C. 6.50%
A. RTGS
D. 4.50%
B. NEFT
1890. Which Bank has paid Rs 38 crore in fines
C. MTSS
to the GST department for alleged viola-
D. AEPS tions in domestic remittances?

208
A. Yes Bank 1895. Which of the following is a long-term,

unsecured debt instrument with a lower
B. Axis Bank
claim on assets and income than other
C. HDFC Bank classes of debt?
D. ICICI Bank A. Trustee bond
B. Income bond
1891. The Finance Minister stated that the
Government has been successful in bring- C. A junk bond
NARAYAN CHANGDER
ing down average inflation to over last D. A subordinated debenture
five years.
A. 4.20% 1896. A lot of Banks in India these days are
offering M-Banking Facility to their cus-
B. 4.6% tomers. What is the full form of ‘M’ in
C. 4.00% “M-Banking’?
D. 4.80% A. Money
B. Marginal
1892. NBFCs include
C. Message
A. loan company
D. Mobile
B. investment company
1897. The FSB was established in as the
C. asset finance company successor to the Financial Stability Forum
D. All of the Above (FSF).
A. April 2009
1893. Which discussing investments there is
mention of short-term government secu- B. April 2011
rity? What is this type of investment C. April 2007
known as?
D. April 2013
A. Debenture
1898. The Institute for Development & Re-
B. Mutual fund
search in Banking Technology (IDRBT) is a
C. Treasury bill unique institution exclusively focused on
D. Share Banking Technology. Established by RBI.
Where is the Head Office of IDRBT?
1894. An agreement, which in fact is a con- A. Bengaluru
tract, between the RBI and Banks for the
B. Kolkata
sale and repurchase of Govt securities and
shortterm treasury bills at a future date C. Hyderabad
and for which the RBI indicates .the inter- D. Mumbai
est rate., is generally known as
1899. When a Bank provides a loan for pur-
A. Repo Rate
chase of white goods, it is categorised
B. Bank Rate as
C. Reverse Repo Rate A. Consumption loan
D. Prime Lending Rate B. White Goods loan

209
C. Consumer Durable loan 1904. Who is the Chief Executive Offier (CEO)
of YES Bank?
D. Working Capital

A. Uday Kotak
1900. In which year, all eligible account hold- B. Chanda Kochhar
ers can access their bank accounts personal
accident insurance cover under PMSBY, life C. Aditya Puri
insurance cover under PMJJBY, and guar- D. Rana Kapoor
anteed minimum pension to subscribers un-
der APY. 1905. Loksabha Speaker Sumitra Mahajan
handed over croreth LPG connection
A. 9th May 2016 under Pradhan Mantri Ujjwala Yojana
B. 9th May 2014 (PMUY) to Smt Takrdiran of Delhi in the
Parliament House.
C. 9th May 2017
A. 6 croreth
D. 9th May 2015
B. 5 croreth
1901. Who is the CEO of the CRISIL? C. 3 croreth
A. Ashu Suyash D. 7 croreth
B. Rajesh Mokashi
1906. For which of the following businesses
C. Naresh Takkar Factoring services are most commonly
D. Varun Mirchandani used?
A. Haulage Business
1902. RBI constituted an expert committee
B. Healthcare Industry
for examining its current monetary policy
framework. Who is the chairman of the C. Real Estate
committee? D. All of the Above
A. Dr. Urjit Patel
1907. Which Bank has launched a new service
B. H. R. Khan called ‘YONO Cash’ for its customers us-
ing which customers can withdraw money
C. Dr. Anand Sinha
from ATMs without using debit cards?
D. K. C. Chakrabarty
A. HDFC Bank
1903. Digital signature are B. Union Bank of India
A. legally valid signatures as per the in- C. Bank of Baroda
formation technology act. 2000 and ac- D. State Bank of India
ceptable in Indian courts at par with paper
signatures 1908. President Pranab Mukherjee on 30
March 2014 cleared the re-promulgation
B. required for authentication of e-mail
of the SEBI Ordinance Securities Laws
and SFMS
(Amendment) Bill 201 3. The ordinance
C. required for authentication of settle- aims to give powers to
ment applications of clearing coupan of In-
1. Securities and Exchanges Board of
dia Ltd.
India (SEBI) to act against Ponzi
D. all of the above scheme.

210
2. The move was to arm the regulator B. A housewife

with more stringent powers comes C. A student of 10th Standard
in the wake to curb the illegal in-
volvement of chit fund companies. D. A farmer who owns a small piece of
3. Parliament passed the Securities land
Laws (Amendment) Bill 2013 in the
Winter session.
NPA in banks?
Consider the above statements and choose
A. It is usually a loan that is not producing
NARAYAN CHANGDER
the correct option.
income
A. 1 only
B. It is created If a borrower misses pay-
B. 1 and 2 only ing his equated monthly instalment (EMI)
C. 1 and 3 only for 90 days.
D. 1, 2 and 3 C. High NPA are a sign of good financial

health.
1909. Which bank bagged the Core Banking D. Asset Reconstruction Companies
System Initiative Award for the year 2014 (ARC’s)buy bank NPA at a discount along
at the Asian Banking and Finance-Retail with the right to recover the money.
Banking Awards 2014?
A. SBI 1913. Who is present Managing Director and
Chief Executive Officer of Oriental Bank of
B. ICICI Bank Commerce?
C. Bharathiya Mahila Bank A. Gopal Baglay
D. Standard Bank B. Raveesh Kumar
1910. The base year method of calculating real C. Ajay Kanwal
GDP compared D. Mukesh Kumar Jain
A. quantities produced in different years
1914. Computer Emergency Response Team In-
using prices from a year chosen as a ref-
dia comes under
erence period
A. Ministry of Communications and Infor-
B. quantities produced in different years
mation Technology
with the prices that prevailed during the
year in which the output was produced B. Ministry of Commerce.
C. the quantities of goods produced in C. RBI
consecutive years using prices in both D. Department of Information & Technol-
years and averaging the percentage ogy.
changes in the value of output
D. prices at different points in time using 1915. The maximum no. of transactions by a
a sample of goods that is representative customer by using ATM of other Bank is
of goods purchased by households A. 8 per month
1911. Who amongst the following cannot open B. 5 per month

an account in any bank in India? C. 2 per month
A. One who is not earning regularly D. 3 per month

211
1916. What is the maximum balance that can 1920. What is the full form of ‘FSDC’ which is
be retained in PPF Account? used in financial sectors?

A. INR. 3, 50, 000/-in a financial year. A. Financial Security and Development
B. INR. 3, 00, 000/-in a financial year. Council
C. INR. 2, 50, 000/-in a financial year. B. Financial Stability and Development

Council
D. INR. 1, 50, 000/-in a financial year.
C. Fiscal Security and Development Coun-
1917. Consider the following statements: cil
1. IMF and World Bank both are Bret- D. Fiscal Stability and Development Coun-
ton Wood heir. cil
2. World Bank provides long-term loan
1921. NPA stands for
for promoting balanced economic de-
velopment. A. National-performing Assets
3. IMF provides loans to eliminate BoP B. New-performing Assets
disequilibrium.
C. Non-production Assets
Which of the statements given above are
D. Non-performing Assets
correct?
A. 1 and 3 1922. Name the Bank, which has signed a ban-
cassurance deal with private life insurer
B. 2 and 3
HDFC Life Insurance Company to take ad-
C. 1 and 3 vantage of HDFC Life’s expertise in life
D. All of these insurance products, distribution and cus-
tomer service recently?
1918. Deutsche Bank AG named Christian
A. Vijaya Bank
Sewing as the Chief Executive officer of
the Bank recently. Deutsche Bank based B. Oriental Bank of Commerce
in C. UCO Bank
A. Brazil D. United Bank of India
B. USA
1923. Who acts as the lender of last resort to
C. Singapore all Public Sector Banks in India?
D. Germany A. Finance Ministry
1919. NAM is envisaged as a pan-India elec- B. RBI

tronic trading portal which seeks to net- C. State Bank of India
work the existing APMC and other market D. IMF
yards to create a unified national market
for agricultural commodities. NAM stands 1924. Which of these is a Priority Sector for
for Lending as specified by the RBI?
A. National Agriculture Management A. Agriculture
B. National Agriculture Market B. Education
C. National Agriculture Money C. Housing
D. National Agency Market D. All of the above

212
1925. The Know Your Customer (KYC) norms 1930. Which bank became the State Bank of
of opening a bank account has been re- India in 1955?
laxed for the accounts with minimum bal- A. General Bank of India
ance of
B. Bank of Hindustan
A. Rs.1, 00, 000/
C. Imperial Bank of India
B. Rs.25, 000/
D. Federal Bank of India
C. Rs.50, 000/
NARAYAN CHANGDER
D. Rs.75, 000/- 1931. The Union Cabinet has recently ap-
proved to increase the Investment Limit
1926. Initial repayment holiday given to a bor- for Senior Citizens from Rs. 7.5 lakh
rower for repayment of loan is called is to under Pradhan Mantri Vaya Van-
A. subvention danYojana (PMVVY).
B. moratorium A. Rs.15 lakh
C. re-schedulement B. Rs.13 lakh
D. amortisation C. Rs.12 lakh

D. Rs.10 lakh
1927. What is the total number of stock ex-
changes in India? 1932. Name the scheme, which is a Pension
A. 21 Scheme announced by the Government of
India exclusively for the senior citizens
B. 22 aged 60 years and above which is avail-
C. 23 able from 4th May, 2017.
D. 24 A. Pradhan Mantri Mudra Yojana
B. Pradhan Mantri Vaya Vandana Yojana
1928. Which of the following agen-
cies/organisations has recently decided C. Pradhan Mantri Jan Dhan Yojana
that all the stock exchanges should intro- D. Pradhan Mantri Suraksha Bima Yojana
duce physical settlement of equity deriva-
tives? 1933. Which of the following institutions is
A. Reserve Bank of India not directly associated with the financial
sector in India?
B. Bombay Stock Exchange
A. Bombay Stock Exchange
C. Registrar of Companies
B. BIFR
dia C. SEBI
1929. Which is the largest cooperative bank of
India presently? 1934. What is the full form of PCA?
A. Saraswat Bank A. Prompt Council Action
B. NKGSB Cooperative Bank B. Prompt Corrective Agenda
C. Apna Sahakari Bank Ltd C. Prompt Corrective Action
D. None of the above D. Private Corrective Action

213
1935. While investing in mutual funds we B. La Hulpe, Belgium

come across a term called NAV. What is C. Geneva, Switzerland
the meaning of NAV?

D. New York, USA
A. Net Annual Value
B. Non Asset Value 1940. The recent decisionZ of the RBI to cut
Cash Resereve Ratio (CRR) by 150 basis
C. Net Actual Value
points (October 2008) will be able to in-
D. Net Asset Value fuse how much liquidity into the market?
1936. Union Cabinet had recently approved a A. Rs. 10, 000 crores
proposal that government will bear the B. Rs. 30, 000 crores
MDR charges on transactions up to Rs 2,
C. Rs. 40, 000 crores
000 made through debit cards, BHIM UPI
or Aadhaar-enabled payment systems to D. Rs. 50, 000 crores
promote digital transactions. What is the
meaning of MDR? 1941. What is Cross Border Exchange?
A. Merchant Discount Rate A. Trading of foreign currency in India
B. Marginal Discount Rate B. Trading of Indian rupee in exchange of

other currencies/goods
C. Merchant Division Rate
C. Hawala transactions in Indian rupee
D. Merchant Discount Ratio
D. Unauthorized remittance of Indian ru-
1937. What is the other name by which Bank- pee
ing correspondents are known as?
1942. Banking Sector will fall under which of
A. Bank Saathi the following sectors?
B. Bank Humraahi A. Agriculture Sector
C. Bank Daata
B. Service Sector
D. Bank Dost
C. Manufacturing
1938. What is an Indian Depository Receipt? D. Industrial Sector
A. A deposit account with a Public Sector
1943. ETFs are mutual funds listed and traded
Bank
on stock exchanges like shares. ETFs
B. A depository account with any of de- stands for
positories
A. Electronic Traded Funds
C. An instrument in the form of deposi-
B. Exchange Time Funds
tory receipt created by an Indian depos-
itory against underlying equity shares of C. Exchange Traded Finance
the issuing company. D. Exchange Traded Funds Show Answer
D. An instrument in the form of deposit
receipt issued by Indian depositories 1944. Which of the following banks have
entered capital market in the wake
1939. The Head Quarters of SWIFT is located of Narasimham Committee recommenda-
in tions?
A. Bern, Switzerland A. State Bank of India

214
B. Oriental Bank of Commerce B. 2009

C. Bank of India C. 2010
D. All of the above D. 2011
1945. Which of the following is not considered 1950. Consider the following.
as a means of foreign capital inflow into
the country? 1. Deposit rates
2. Base Rate
NARAYAN CHANGDER
A. FDI
3. Prime Lending Rate
B. FCNR accounts
Which of the above are decided by the Re-
C. FII serve Bank of India?
D. No frills accounts A. Only 1
1946. The Rajiv Gandhi Action plan, put for- B. Only 2
warded in 1988 is related to which among C. Only 3
the following?
D. Both 2 and 3
A. Environmental Protection
B. Nuclear Disarmament 1951. Reserve Bank of India has provided no
C. Information Technology objection to for the proposed acquisi-
tion of Gruh Finance.
D. Multilateral Trade
A. Lakshmi Vilas Bank
1947. With a view to increase their resource
B. Bandhan Bank
base, RRBs have been permitted to
C. IDFC Bank
A. issue of credit/debit cards and settin-
gup of ATMs D. Kotak Mahindra Bank
B. open currency chests
1952. Online financial services marketplace
C. handle pension and other government BankBazaar has appointed former RBI
business as sub-agents of those banks Deputy Governor as an advisor to the
which are authorised to conduct govern- company.
ment business
A. Viral V Acharya
D. Both A and B
B. Usha Thorat
1948. When was the currency function moved C. HR Khan
from Controller of Currency to RBI?
D. SS Mundra
A. 1935
B. 1947 1953. Jai Kumar Garg is Managing Director
C. 1950 and CEO of
D. 1928 A. State Bank of India

B. Corporation Bank
1949. In which year Reserve Bank of India in-
troduced cheque truncation system? C. Union Bank of India
A. 2008 D. Indian Overseas Bank

215
1954. Which of the following is India’s first C. State Bank of India

Credit Information Company? D. Union Bank of India

A. CRISIL
1959. has signed a multilateral cooper-
B. CIBIL
ation agreement with member devel-
C. SMERA opment banks of BRICS to undertake
D. CERSAI “collaborative research” in distributed
ledger/blockchain technology.
1955. An increase in foreign exchange assets A. SIDBI
of Reserve Bank of India will mean
B. RBI
1. Fall in M1
2. Increase in interest rate C. State Bank of India
3. Increase in high powered money D. Exim Bank of India
A. Only 3
1960. CIC’s Adjusted Net Worth shall not be
B. 1 and 3 less than how much per cent of its ag-
C. Only 2 gregate risk weighted assets on balance
sheet?
D. Only 1
A. 30%
1956. Which of these committees was formed
in 1915 to review the performance of co- B. 40%
operative societies and suggest measures C. 50%
for strengthening them? D. 70%
A. Raja Hari Committee
1961. All merchant banks must be worth
B. Maclagan Committee
atleast
C. Saraiya Committee
A. Rs. 1 crore
D. Frederick Nicholson Committee
B. Rs. 2 crore
1957. Which organization pays the insurance C. Rs. 3 crore
premium for getting the bank deposits in-
D. Rs. 4 crore
sured?
A. RBI 1962. According to Fourth Bi-monthly Mone-
B. Individual banks tary Policy Statement 2017-18, the deci-
sion of the MPC is consistent with a neu-
C. Account holders tral stance of monetary policy in conso-
D. There is no payment of premium nance with the objective of achieving the
medium-term target for consumer price in-
1958. Which of the following banks has dex (CPI) inflation of within a band of
opened the country’s first, ‘Cash Factory’ ±2 percent, while supporting growth.
in Lucknow which has issued currency
A. 3 percent
notes to all its branches and ATM in that
area? B. 4 percent
A. Bank of India C. 5 percent
B. Bank of Baroda D. 6 percent

216
1963. IBA stands for A. 5.5 per cent

A. Indian Banks’ Allocation B. 2.5 per cent
B. Indian Banks’ Association C. 3.5 per cent
C. Institute Banks’ Association D. 4.5 per cent
D. Indian Banks’ Assembly 1968. In which of the following fora has it
been decided that all countries will try
1964. Which Bank has entered into a corpo-
to reduce emission to prevent further in-
NARAYAN CHANGDER
rate agency agreement with Bajaj Allianz
crease in global temperature?
General Insurance and Cholamandalam MS
General Insurance for distribution of their A. Major Economics Forum
insurance products recently? B. World Trade Organisation
A. Central Bank of India C. SAARC Summit
B. Indian Overseas Bank D. BRICS Summit
C. Punjab National Bank 1969. Which is the biggest private sector bank
D. Union Bank of India in India?
A. ICICI Bank
1965. The Oriental Insurance Company Ltd
was incorporated at Bombay on B. Axis Bank
A. 12th September 1956 C. HDFC Bank
B. 12th September 1947 D. None of the above
C. 12th September 1962 1970. In India, which of the following agencies
D. 12th September 1982 is responsible for announcing the Foreign
Trade Policy?
1966. DCB Bank has announced the launch of A. RBI
mVisa, a mobile-based payment solution
that will make payments at retail outlets B. EXIM Bank
much easier. DCB Bank Based in C. Foreign Ministry
A. West Bengal D. Industry and Commerce Ministry
B. Kerala 1971. The practice of reducing NPAs through
C. Maharashtra cross-lending to square off loans from
bank is known as?
D. Rajasthan
A. “Ever-Greening” of advances
1967. The International Labour Organisation B. “Take Over” of advances
(ILO) has released a report “World
Employment and Social Outlook Trends- C. Compromise Settlement
2018”. As per the report, it is projected D. All of the above
that the number of unemployed persons in
India is expected to rise from 18.3 million 1972. Many times we read a term .Hot Money.
in 2017 to 18.6 million in 2018 and 18.9 in newspapers. What is/are the character-
million by 2019. At the same time, unem- istics of Hot money?
ployment rate is expected to remain static 1. The term is used for fresh currency
at per cent during the same period. notes issued by the RBI.

217
2. It is the fund which flows in the mar- D. Banking Regulation Act, 1949
ket to take advantage of high inter-
est rates. 1977. What is the maximum ceiling on Foreign

3. It is the fund which is thrown in the Direct Investment (FDI) for investment in
market to create imbalance in the the equity of Public Sector Banks in India?
stock markets. A. 20%
A. Only 1 B. 26%
B. Only 2 C. 49%
C. Only 3 D. 51%
D. All the above
1978. Which one of the following committees
1973. Who was the chairman of the Household was set up by RBI to study the various is-
Finance committee set up by RBI? sues relating to financial benchmarks?
A. Pradeep Kumar A. Umesh Chandra
B. Usha Thorat B. Vijaya Bhaskar
C. Bimal Jain C. Urjit Patel
D. Tarun Ramadorai
D. Subbu Rao
1974. Which of the following is the full form
of KCC as used in the agriculture sector? 1979. Currency Swap is an instrument to man-
[Andhra Bank 2011] age
A. Kisan Credit Card A. currency risk
B. Kisan Credit Company B. interest rate risk

C. Knowledge Credit Corporation C. currency and interest rate risk
D. Konkan Credit Corporation D. cash flows in different currencies
1975. You can approach the Insurance Ombuds- 1980. is a deposit account provided by a
man with the complaint if, insurance com- bank or other financial institutions for in-
pany not responded your query for how dividuals to save money and earn the mod-
many days? est interest for that money held in the ac-
A. 30 days count.
B. 40 days A. Fixed Deposit Account
C. 50 days B. Savings Bank Account
D. 60 days C. Recurring Account
1976. Under which Act are the KYC norms im- D. Current Account
plemented 1981. The main resources of RRBs are
A. SEBI Act, 1992
A. share capital
B. Foreign Contribution and Regulation
B. deposit from the public
Act, 1976
C. Prevention of Money laundering Act, C. borrowing from sponsor banks
2002 D. All of the above

218
1982. Global Financial Development Report Select the correct answer using the codes
provides an update on the state of public given below
and private credit reporting. The report is A. 1 and 2
published by which of the following insti-
tutions? B. 2 and 3
A. Niti Aayog C. 1 and 3
B. World Bank D. All of these
NARAYAN CHANGDER
C. IMF 1987. What can be the maximum denomina-
D. WHO tion of notes as per the Section 24 of the
RBI Act?
1983. International Monetary Fund (IMF) A. Rs. 10, 000
Headquarters in
B. Rs. 50, 000
A. Paris
C. Rs. 1, 00, 000
B. New York
D. No such limit exists
C. Geneva
1988. Gilt-edged securities market is the mar-
D. Washington DC
ket for government and semi-government
1984. Which of the following is not true about securities. These securities carry
RTGS transaction? A. Floating interest rate
A. The minimum amount to be remitted B. Fixed interest rate
through RTGS is Rs. 2 lakh.
C. Fixed as well as floating interest rate
B. There is no ceiling for RTGS transac-
D. No interest rate at all
tions.
C. Transactions are settled in batches 1989. The Finance Ministry released the draft
national public-private partnership (PPP)
D. Inward transactions are free policy. Which of the following facts given
1985. Which of the following is generally re- below in this regard are NOT TRUE?
ferred to as a ‘Broader’ measures of 1. PPP is aimed at creating a frame-
money supply? work for implementing infrastruc-
A. M1 ture projects across sectors.
2. It addresses the issues concern-
B. M2 ing definition of various terms and
C. M3 also processes so that a clear and
consistent position can be adopted
D. M4
by stake holders, including centre,
1986. The sponsor bank helps and aids the states and private investors.
RRB sponsored by it, by 3. The government is envisaging an in-
vestment of USD 7 trillion in infras-
1. subscribing to its share capital. tructure sector during the 12th Five-
2. training its personnel. Year Plan (2012-17).
3. providing managerial and financial
assistance during the first 5 years A. Only 3
or extended period. B. Only 1 and 2

219
C. Only 2 and 3 policy for the individuals in terms of mini-

D. All of these mum risk and maximum return is called as

A. Portfolio management
1990. Which of the following bank has
B. Credit creation
launched RS.mVisa’-a mobile-based pay-
ments solution? C. Amortized management
A. SBI D. Zero account
B. ICICI Bank 1995. To celebrate the 150 Birth Anniversary

of Mahatma Gandhi, Father of the Nation
C. HSBC Bank
from 02nd October 2019, the Budget set
D. Canara Bank aside for the activities leading to the
commemoration programme.
1991. In which pension plans, the specific per-
centage of an employee pay is contributed A. Rs. 250 crore
by an employer to employees pension B. Rs. 150 crore
plans? C. Rs. 100 crore
A. cash balance plans D. Rs. 350 crore
B. severance pay plans 1996. The Reserve Bank of India has asked
C. early retirement window plans banks authorised to deal in foreign ex-
change (Authorised Dealer-I Banks) to
D. employee stock ownership plans
share data with-?
1992. Which of the following Payments Bank A. Ministry of Finance
has announced the launch of a sweep ac- B. Securities and Exchange Board of In-
count facility in association with Suryoday dia
Small Finance Bank (SSFB)?
C. Directorate of Revenue Intelligence
A. Fino Payments Bank
D. Intelligence Bureau
B. India Post Payments Bank
1997. During inflation,
C. Airtel Payments Bank
A. exports becomes more expensive
D. Jio Payments Bank
B. exports becomes more cheap
1993. is a unique institution exclusively fo- C. imports becomes more expensive
cused on Banking Technology.
D. surplus balance of payment
A. BCSBI
1998. The Centre has assured government
B. SWIFT that nearly 450 crore rupees will be reim-
C. IBBI bursed to it in connection with the expen-
diture incurred for procuring cereals and
D. IDRBT
coarse cereals.
1994. A collection of investment tools such as A. Telangana
stocks, shares, mutual funds, bonds, cash B. Kerala
and so on depending on the investor’s in-
come, budget and convenient time frame. C. Karnataka
The art of selecting the right investment D. Andhra Pradesh

220
1999. Which of the following is not available 2004. Name the person, who is present Chair-
to depositors of NBFCs? man of Life Insurance Corporation?
A. Deposit Insurance facility A. Hemant Bhargava
B. Acquisition of shares B. B Venugopal
C. Loans and Advances C. Subhash Chandra Garg
D. All of the Above D. V K Sharma
NARAYAN CHANGDER
2000. The Dow Jones Industrial Average, or
2005. A money deposited in a bank that can-
simply the Dow, is a stock market index
not be withdrawn for a present fixed pe-
based in
riod of time is known as a
A. Germany
A. term deposit
B. Japan
B. checking account
C. USA
C. savings bank deposit
D. China
D. no frills account
2001. The promoters of Small Finance Banks
should have experience in banking and 2006. What is the full form of ‘CRR’ as used
finance? in banking sector?
A. 08 years A. Crucial Reserve Rate
B. 11 years B. Cash Reserve Ratio
C. 07 years
C. Compulsory Return Rate
D. 10 years
D. Credit and Reserve Ratio
2002. Kapoor committee, 1999 is related
to 2007. Who is present Chairperson of Insurance
Regulatory and Development Authority of
A. Co-operative Banking Reforms India?
B. Micro-finance
A. Atul Sahai
C. Capital Account convertibility
B. TS Vijayan
D. Restructuring of RRBs
C. Vikram Limaye
2003. Consider the following banks:
D. Subhash Chandra Khuntia
1. ABN Amro Bank
2. Barclays Bank 2008. Many Regional Rural Banks are given li-
3. Kookmin Bank cence to open branches in small cities and
Which of the following correctly repre- towns. These licences are given by
sents their countries of origin? A. Cabinet Committee on economic af-
A. Dutch, USA, Japan fairs
B. Japan, USA, China B. Reserve Bank of India
C. Dutch, UK, South Korea C. NABARD
D. Dutch, USA, China D. Indian Banks’ Association

221
2009. Name the person, who has took over 2. The borrowing under the MSF should
the charge of the United Bank of India as be over and above the statutory liq-
its Managing Director & CEO on 9th Au- uidity requirement.

gust 2016? 3. It will not help in reducing lending
A. Pawan Kumar Bajaj rates.
B. Rajnish Kumar
is/are correct?
C. Sunil Arora
A. 1 only
D. Rajeev Mehrishi
B. 2 only
2010. Which of the following statements C. Both 1 and 2
about Regional Rural Banks (RRBs) are D. only 3
correct?
A. Sponsor banks travellers cheques can 2014. Which of the following statements
be issued by RRBs about portfolio diversification is correct?
A. Proper diversification can reduce or
B. RRBs can enter into arrangements
eliminate systematic risk
with the sponsor banks for providing re-
mittance facilities to its customers B. The risk-reducing benefits of diversifi-
cation do not occur meaningfully until at
C. Where RRBs can afford the invest-
least 50-60 individual
ment, they can install lockers also
C. Because diversification reduces a port-
D. All of the above
folio’s total risk, it necessarily reduces the
2011. Which of the following committee portfolio’s expected
formed the basis for the introduction of D. Typically, as more securities are
factoring services in India? added to a portfolio, total risk would be
A. C.Rangarajan Committee expected to decrease at a
B. Urjit Patel Committee 2015. The Reserve Bank of India has allowed
systematically important non-banking fi-
C. C. S. Kalyan Sundaram Committee
nance companies (NBFCs) to sell and mar-
D. None of the Above ket the NPS. NPS stands for
2012. A Bank which controls credit is called A. New Product Scheme
A. Unit Bank B. Nominal Pension Scheme
B. Central Bank C. New Pension Service

D. New Pension Scheme
C. Commercial Bank
D. Correspondent Bank 2016. assumed charge as the Minister of
State for Micro, Small & Medium Enter-
2013. Consider the following statements in re- prises (MSME) on 11th November 2014.
gard to ‘marginal standing facility (MSF)’ A. Gopal Singh
of RBI:
B. Veerabhadra Singh
1. It will help in reducing volatility in
the overnight lending rates in the in- C. Manoj Tiwari
terbank market. D. Giriraj Singh

222
2017. India and Asian Development Bank C. CIBIL

(ADB) has signed a$ 150 million loan D. IMF
agreement to establish the country’s first
multi-skills park in 2022. Name the person, who is Chief Exec-
A. Madhya Pradesh utive Officer and Managing Director at
Credit Information Bureau (India) Limited
B. West Bengal (CIBIL).
C. Goa A. Satish Pillai
NARAYAN CHANGDER
D. Kerala B. RS Sharma
2018. In which year Public Debt Act was C. Anil Kaushal
passed? D. Rahul Khullar
A. 1938
B. 1940 of the RBI? [Corporation Bank 2011]
C. 1944 A. Maintaining Forex
D. 1948 B. Deciding Bank Rate, CRR and SLR from
time to time
2019. What is the source of income for asset
reconstruction companies? C. Opening Savings Accounts for general
public
A. The commission paid by banks
D. Prescribing the Capital Adequacy Ratio
B. The fees charged from loan defaulters
C. The difference in amounts recovered 2024. Which of the following is the colour of
from the accounts less the amount paid to new 500 rupee note?
the bank for buying the account A. Stone Grey
D. The retainer fees by the banks B. Green
2020. Through which of the following sources C. Orange-Violet
domestic funds are raised by companies? D. Magenta
1. IPO
2025. Solar energy services company Freyr
2. FPO
Energy has tied up with to offer term
3. Commercial papers
loans ranging from Rs 5 lakh to Rs 50
A. Only 3 lakh for tenures up to five years, for so-
B. All the above lar rooftop installations in Telangana and
Andhra Pradesh.
C. Only 1 and 3
D. Only 1
B. Axis Bank
2021. Which of the following regulatory body C. ICICI Bank
has announced more measures to increase
liquidity flows to the non-banking financial D. HDFC Bank
companies? 2026. “One Family One Bank” is tagline of
A. SEBI which Bank
B. RBI A. Indian Overseas Bank

223
B. Punjab National Bank 2031. RBI has asked banks to make a plan
C. Bank of Maharashtra to provide banking services to all villages
having a population up to 200 0. This di-

D. Union Bank of India rective issued by the RBI will fall in which
2027. With the merger in April 2017, State of the following categories?
Bank of India has entered the league of A. Plan for Financial Inclusion
‘Top 50 Global Banks’ with a balance sheet
size of B. Efforts to meet the targets of Priority
Sector Lending
A. Rs. 54 trillion
B. Rs. 32 trillion C. Extension of Relief Packages to the
Farmers
C. Rs. 41 trillion
D. Rs. 67 trillion D. Plan for opening more rural branches
2028. As per guidelines of the RBI, pay- 2032. Credit risk to the bank is high from
ments banks can accept demand deposits which of these card?
(savings and current) up to a maximum
of per customer. A. ATM cards
A. Rs 1, 00, 000 B. Debit cards
B. Rs 2, 00, 000 C. Credit cards
C. Rs 50, 000
D. All of these
D. Rs 5, 00, 000
2029. General Insurance Corporation of India 2033. LEI is a global reference number that
(GIC) was formed in uniquely identifies every legal entity or
structure that is party to a financial trans-
A. 1972 action. What is the meaning of “I” in LEI?
B. 1973
A. Insurer
C. 1974
B. Indian
D. 1975
C. Identifier
2030. Match the followings: Select the correct
answer using codes given below: D. Increase
List-I Designation List-II Chairperson/President

2034. Which of the following state Govern-
A. ASSOCHAM 1. Krishna Kumar Natarajan ment has announced Rs378 crore invest-
B. FICCI 2. K. R. Kamath ment in the second phase of the State’s
C. NASSCOM 3. Rana Kapoor flagship aquaculture mission aimed at cut-
D. Indian Bank 4. Naina Lal Kidwai Association (IBA)
ting down fish imports into the hill State?
A. Sikkim
A. A − 4, B − 3,C − 2, D − 1
B. Assam
B. A − 3, B − 4,C − 1, D − 2
C. A − 2, B − 1,C − 3, D − 4 C. Himachal Pradesh
D. A − 1, B − 2,C − 4, D − 3 D. Meghalaya

224
2035. The Government of India has enacted 2038. The note-issue system in India is based
the Micro, Small and Medium Enterprises on
Development (MSMED) Act, 2006 in terms A. Gold Deposit system
of which the definition of micro, small
and medium enterprises. As under a mi- B. Minimum Reserve System
cro enterprise is an enterprise where in- C. Proportional Reserve System
vestment in plant and machinery does not
D. Simple Deposit System
exceed ?
NARAYAN CHANGDER
A. Rs. 100 lakh 2039. As per the World Bank, India’s GDP
growth is expected to accelerate mod-
B. Rs. 15 lakh erately to in Fiscal Year 2019-2020,
C. Rs. 25 lakh driven by continued investment strength-
ening, particularly private-improved ex-
D. Rs. 50 lakh
port performance and resilient consump-
2036. Consider the following statements tion.
about Multidimensional Poverty Index A. 7.70%
(MPI) B. 7.90%
1. MPI focuses on education, health & C. 7.5%
living standard as a supplement to
income based measure of poverty rd D. 7.80%
2. India ranks 63 in MPI based 2040. Which of the following does not come
poverty ranking among 104 devel- under tertiary sector of the economy?
oping countries.
3. Bihar is the second poorest state 1. Trade
in India on the basis of MPI based 2. Industrial Manufacturing
poverty ranking. 3. Industrial Construction
Which of above statement(s) is/are true? A. Only 2

B. Only 3
A. Only 1 & 2
C. 2 and 3
B. Only 2 & 3
D. Only 1
C. Only 1 & 3
D. All 1, 2 & 3 2041. Which rate has replaced the erstwhile
Benchmark Prime Lending Rate system
2037. The Reserve Bank of India (RBI) has al- with effect from July 1, 2010?
lowed state-owned oil companies to bor- A. Marginal Rate system
row long-term working capital from over-
B. Bank Rate system
seas. RBI relaxed the policy on borrowing
up to from the overseas by the state- C. Repo Rate system
owned fuel retailers. D. Base Rate system
A. 1 billion USD
2042. Who is present President of World
B. 10 billion USD Bank?
C. 5 billion USD A. Jim Yong Kim
D. 100 million USD B. Takehiko Nakao

225
C. Jin Liqun 2047. The National Bank for Agriculture and

Rural Development (NABARD) gets some
D. Roberto Azevedo
amount of its funds from which of the

2043. What is financial inclusion? following organizations for its various
schemes? [Nabard Bank 2009]
A. To provide banking services to all
1. World Bank
those living in remote areas
2. Bank of America
B. To provide a 100 days job to all those 3. IDA
who are in need of a job
A. Only 1
C. To provide a permanent employment B. Only 2
to the unemployed
C. Only 3
D. To ensure that all financial transac-
tions amounting Rs. 5, 000/-and above D. Only 1 & (3) both
are done through banks 2048. Which among the following alternative
exchange Rate Regime is most popular in
2044. Which one out of the following is least
the world today?
liquid among the measures of money sup-
ply? A. Free Float
A. M1 B. Managed Float
B. M2 C. Crawling Peg
D. Fixed-but-Adjustable Exchange Rate
C. M3
D. M4 2049. The first introduction of Mutual Funds
in India occurred in which of the following
2045. Which organisation has announced in its years?
annual report on the world’s 100 biggest A. 1964
armaments groups that the combined arms
sales of Russian companies amounted to$ B. 1963
37.7 billion in 2017, an 8.5 percent rise C. 1987
from a year earlier? D. 1999
A. SIPRI
2050. Why are interest rates charged by mi-
B. IMF cro finance institutions higher than lending
C. World Bank rates of banks?
D. WTO A. MFIs are not allowed to source de-

posits from public
2046. What is the MSME Public Procurement B. Banks have the benefit of cheaper
Portal called? funds
A. MSME Samjhauta C. MFIs borrow bulk of their funds from
banks
B. MSME Sambandh
D. MFIs borrow funds from banks at
C. MSME Sandesh
high cost and also their administrative ex-
D. MSME Sampark penses are more

226
2051. Reserve Bank of India has made banks’ 1. Banking laws (Co-operative Soci-
priority sector norms lenient by saying eties) Act. 1956
that all loans to MSME will henceforth 2. Banking Regulations Act, 1949
qualify as priority sector lending. MSME 3. Companies Act, 1956
stands for
Select the correct answer using the follow-
A. Micro Small and Medium Enterprises ing codes.
B. Micro System and Medium Enterprises A. only 1
NARAYAN CHANGDER
C. Micro Small and Management Enter-
B. 1 and 2
prises
D. Micro Small and Medium Energy C. 2 and 3
2052. What should be the CRAR of the Infras- D. 1, 2, and 3

tructure Finance company?
2057. Which is correct about PSL targets for
A. 15% Foreign banks in India?
B. 20%
A. It is not applicable on foreign banks
C. 25%
B. It is applicable on foreign banks having
D. 40% 50 or more branches
2053. When was the RBI Act amended to es- C. It is applicable on foreign banks hav-
tablish the Monetary Policy Committee? ing 20 or more branches
A. 2014 D. It is applicable on all foreign banks
B. 2015
C. 2016 2058. The Central Government has constituted
National Company Law Tribunal (NCLT) un-
D. 2017
der section of the Companies Act, 2013.
2054. Which of the following are included in A. section 8
the Forex of India?
B. section 502
A. Foreign Currency Assets
B. SDRs C. section 102
C. Reserve Position in the IMF D. section 408
D. All of the above
2059. GMR Goa International Airports Ltd, a
2055. What is the minimum tenure of gold de- subsidiary of GMR Airports Ltd, has exe-
posits under Gold Monetization Scheme, cuted a debt facility agreement for the de-
2015? velopment of Greenfield airport at Mopa.
The entire debt of Rs. 1, 330 crore was
A. Five year
underwritten by
B. Two year
A. Bank of Baroda
C. One year
D. Three year B. SBI
C. HDFC Bank
2056. Co-operative Banks in India are regis-
tered under D. Axis Bank

227
2060. Petroleum Ministry during August 2014 2064. The Asian Development Bank (ADB) will
accorded its in-principle approval for provide a USD 152 million to for the
stake-sale in ONGC which may fetch the implementation and enhancement of its

government about RS. 18, 000 crore to power transmission and distribution.
meet disinvestment target for the current A. Bangladesh
fiscal. For this how much stake-sale in the
company is proposed? B. Pakistan
A. 1% C. Sri Lanka
B. 2% D. Nepal
C. 4% 2065. Many times we read a term CBS used is

banking operations. What is the full form
D. 5%
of the letter C in the term ‘CBS’? [Indian
2061. Net asset value NAV is the value per Overseas Bank 2011]
share of a mutual fund or an exchange- A. Complete
traded fund (ETF) on a specific date or time. B. Credit
NAV stands for
C. Continuous
A. Net Asset Voice
D. Core
B. Nominal Asset Value
2066. The government of India and Asian De-
C. Non Asset Value
velopment Bank (ADB) signed a$ 110 mil-
D. Net Asset Value lion loan to finance the upgrade of 2, 800
kilometers all-weather rural roads in the
2062. Which of the following is not an activity State of Madhya Pradesh. Headquarters
of merchant banking in India? of ADB is in
A. The management of the customers se- A. Jakarta
curities
B. Manila
B. The management of the portfolio
C. Vienna
C. The management of projects and coun- D. Tokyo
selling as well as appraisal
D. None of the above 2067. What does the DICGC insure?
A. Any amount due on account of any de-
2063. Rating agency CRISIL has revised its posit received outside India.
outlook on 18 public sector banks (PSBs)
B. Deposits of Central/State Govern-
from “negative” to “stable” after the
ments
government announced bank-wise capital
infusion and reform plans. Who is the C. Deposits of foreign Governments
present MD and CEO of CRISIL? D. None of these
A. Nachiket Mor
2068. The Export-Import Bank of India was
B. Vinita Bali set up in
C. John Berisford A. April 1982
D. Ashu Suyash B. January 1982

228
C. April 1970 2073. Leading Investment Bank announced

that its MD & CEO Dharmesh Mehta has
D. July 1969
stepped down.
2069. India’s first home-grown high purity A. Edelweiss Financial Services Ltd.
gold reference standard-the Bharatiya B. Bnp Paribas
Nirdeshak Dravya (BND-4201)-was
launched at the India Government Mint, C. Bob Capital Markets Ltd.
Mumbai. The India Government Mint D. Axis Capital
NARAYAN CHANGDER
operates mints in the country for the
production of coins. 2074. Who is the issuing authority of coins in
India?
A. five
B. three
C. four
C. Ministry of Finance
D. two
D. Both 1 and 2
2070. The Employees’ State Insurance scheme 2075. In the case of failed ATM transactions,
was inaugurated on if the amount is not credited to customer’s
A. 26th February 1989 account within 7 working days from the
date of receipt of the complaint. Banks
B. 24th February 1952
have to pay compensation at the rate of
C. 17th February 1961 Rs per day.
D. 10th February 1969 A. 150
B. 200
2071. The Reserve Bank of India on 1 April
2014 adopted the Consumer Price Index C. 100
(CPI) as the key measure of Inflation. It D. 10
was adopted in the first bi-monthly mon-
etary policy statement for 2014-1 5. It 2076. What is the tagline of Bank of India?
was adopted on the basis of recommenda- A. Where India Banks
tions of which Committee report?
A. Urjit R Patel Committee C. Honours Your Trust
B. A Ghosh Committee D. Relationship Beyond Banking
C. C Rao Committee
2077. What is the meaning of “T” in CTS?
D. Bhagwati Committee
A. Target
2072. Political constancy is chief aspect con- B. Transport
cerning which of the following risks? C. Transfer
A. exchange risk D. Truncation
B. systematic risk
2078. Who is the Chairman In-charge and Man-
C. non-systematic risk aging Director of LIC of India?
D. country risk A. Hemant Bhargava

229
B. B Venugopal 2083. China-sponsored Asian Infrastructure

C. Subhash Chandra Garg Investment Bank (AIIB) approved USD 2
million loan (Rs. 13, 000 crores) for five

D. Girish Chandra Murmu projects in
2079. The Securities and Exchanges Board of A. Gujarat
India (SEBI) on March 28, 2018 accepted B. West Bengal
40 out of 80 recommendations suggested
by the Uday Kotak Committee on Corpo- C. Assam
rate Governance. Reduction in the maxi- D. Andhra Pradesh
mum number of listed entity directorships
to by April 01, 2019 and to 7 by April 2084. Who is the appointing authority for the
1, 2020. banking ombudsman?
A. 5 A. RBI
B. 12 B. Finance Ministry
C. 08 C. PMO
D. 10 D. Team of PM, Finance Minister and RBI
Governor
2080. “Apno Ka Bank” is the tagline of
2085. The Govt. of India replaced the FERA
A. IndusInd Bank
by
B. Yes Bank
A. FEMA
C. Federal Bank
B. FRBMA
D. RBL Bank
C. Monopolies Act
2081. Which of the following statement is true D. FRTP
about Bank?
2086. In India, it is necessary to have license
A. Banks can accept only time deposit
from the RBI for opening a new branch.
from public
This is a requirement under Act
B. Banks can accept only demand deposit
A. Section 22 of banking Regulation Act
from public
B. Section 22 of RBI Act
C. Banks can accept both demand and
time deposit from Public C. Section 22 of NABARD
D. Banks can accept demand and time de- D. KYC Guidelines by RBI
posit from Government only
2087. What do we call the money that is lent
2082. All the offences under the FEMA are con- for more than one day but less than 15
sidered as which of the following type? days in the call money market?
A. Civil Offence A. Call Money
B. Criminal Offence B. Term Money
C. Both Civil and Criminal Offence C. Notice Money
D. None of the above D. None of the above

230
2088. How much maximum amount that is in- 2093. Which among the following is not a pub-
sured by “deposit insurance” credit corpo- lic sector insurance company?
ration (DICGC) A. Life Insurance Corporation of India
A. Rs. 50000 (LIC)
B. Rs. 100000 B. Bajaj Allianz Life Insurance
C. Rs. 10000 C. The new India assurance company lim-
ited (NIACL)
D. Rs. 500000
NARAYAN CHANGDER
D. Agriculture insurance company of In-
2089. The Insurance Regulatory and Develop- dia limited (AICIL)
ment Authority of India (IRDAI) has taken 2094. An EEFC (Exchange Earner’s Foreign Cur-
over the administration of Sahara India rency) account can be held only in the form
Life Insurance, a first of its kind move in of
the insurance sector. Sahara India Life In-
surance based in A. Saving Account
B. Current Accoun
A. Jaipur
C. Fixed Deposit Account
B. Lucknow
D. Nostro Account
C. Patna
2095. FICCI is the voice of India’s business and
D. Shimla
industry. Who is the present President
2090. What is the full form of ‘ULIP’, the term (2017-18) of FICCI?
which was in the news recently? A. Pankaj R Patel
A. Universal Life & Investment Plan B. Sandip Somany
B. Unit Loan & Insurance Plan C. Rashesh Shah
C. Universal Loan & Investment Plan D. Harshavardhan Neotia
D. Unit Linked Insurance Plan 2096. Which of the following scheme is related
to Financial Inclusion?
2091. Which of the following bank is not a pri- A. AADHAR
vate sector bank in India?
B. AAY
A. Federal Bank
C. Swabhiman
B. Yes Bank
D. Swavalamban
C. IndusInd Bank
2097. The Reserve Bank of India has released
D. UCO Bank its annual report in Mumbai. It was men-
tioned in the report that due to the evolv-
2092. Who is the Managing Director and CEO
ing economic conditions, real GDP growth
of YES Bank?
for 2018-19 is expected to increase to
A. Aditya Sharma A. 7.10%
B. Uday Kotak B. 7.4%
C. Rana Kapoor C. 7.20%
D. Shikha Sharma D. 7.00%

231
2098. Issue management is an important func- 2103. India’s economy is expected to clock
tion of which of the following? GDP growth of in this financial year ac-
cording to a Morgan Stanley report.

A. Public banker
B. Lead banker A. 7.10%
C. Merchant banker B. 7.20%
D. Private banker C. 7.30%
2099. Global Economic Prospects (GEP) report D. 7.5%

revised down the economic growth fore- 2104. The NITI Aayog released the Second
cast for developing world in 2014 from Delta ranking for the Aspirational Districts
5.3 percent to which measures the incremental progress
A. 4.5 percent made by them in some developmental ar-
B. 4.8 percent eas. How many developmental areas are
taken in count preparing the list?
C. 5 percent
A. 6
D. 4.4 percent
B. 10
2100. Interest rates on which of the following
deposit schemes is fixed or deregulated by C. 8
the Reserve Bank of India? D. 11
A. Fixed deposits above 5 years’ maturity
2105. ADB was conceived in the early 1960s
B. Recurring deposits as a financial institution. ADB stands for
C. Savings bank A. Asian Department Bank
D. Flexi Deposit Scheme B. Asian District Bank
2101. Which of the following statements is C. African Development Bank
correct about promissory note? D. Asian Development Bank
A. It need not be in writing
2106. India has signed a loan agreement of 36
B. An implied promise is enough to consti-
million dollars with the World Bank for Hi-
tute a valid promissory note
machal Pradesh Public Financial Manage-
C. The promise to pay must be definite ment Capacity Building Programme. Who
and unconditional is present President of World Bank?
D. The name of the payee need not be A. Tedros Adhanom Ghebreyesus
mentioned
B. Jim Yong Kim
2102. has launched Move Hack, a global C. Takehiko Nakao
mobility hackathon to crowdsource solu-
tions aimed at the future of mobility in In- D. Christine Lagarde
dia.
2107. What is meant by development Ori-
A. Finance Ministry ented banking?
B. SEBI A. Infrastructure financing
C. NITI Aayog B. Extending loans to States, which are
D. RBI un-development

232
C. Taking up the task of development of C. Service-Agriculture-Industry

the economy by providing support to un-
D. Service-Industry-Agriculture
der privileged sections of the society
D. None of these 2113. Which of the following is an innovative
mechanism adopted by banks to meet the
2108. Certificate of Deposit (CD) is targets fixed for lending to priority sector
a instrument. by the Banks?
A. Short term A. Buying & Selling of Priority Sector
NARAYAN CHANGDER
B. Long term Lending Certification
C. Negotiable money market B. Sale of Kisan Vikas Patra
D. Unsecured money market C. Inter Bank Participation Certificates
2109. How many foreign banks are there in D. Adoption of Core Banking Solution
India at present?
2114. The ICICI Bank board has appointed
A. 42
ICICI Prudential Life Insurance CEO as
B. 43 whole-time director and chief operating of-
C. 44 ficer (COO).
D. 45 A. Sandeep Bakhshi
2110. What is the authorised capital of Na- B. Arvind Saxena

tional Insurance Company Limited (NICL)? C. Sharad Kumar
A. Rs.1500 crore D. NS Kannan
B. Rs.100 crore
2115. The money market in India consists of
C. Rs.200 crore two sectors namely the organised and the
D. Rs.500 crore unorganised sector. Which of the follow-
ing do not fall under unorganised sector?
2111. In banking business, when the borrow-
ers avail a Term Loan, initially they are A. RBI, commercial banks and SBI
given a repayment holiday and this is re- B. LIC and GIC
ferred as .
C. Unit Trust of India
A. Subsidy
D. Indigenous banks
B. Interest Waiver
C. Re-phasing 2116. Proposals for setting up of new banks
D. Moratorium are under active consideration. Which or-
ganization gives this permission?
2112. Which one of the following is the correct A. RBI
sequence of contribution to gross domestic
product in India by the various sectors of B. Indian Banks Association
the economy in last 10 years? C. Finance Ministry
A. Agriculture-Industry-Service D. Cabinet Committee on Economic Af-
B. Agriculture-Service-Industry fairs

233
2117. The term ATM stands for which of the 2122. Bharti Axa Life Insurance and entered
following? into an alliance to offer the ‘Prad-
han Mantri Jeevan Jyoti Bima Yojana’

A. Automatic teller machine
(PMJJBY), a government-backed life in-
B. Automated teller mechanism surance scheme.
C. Automated teller machine A. ICICI Bank
D. None of the above B. Airtel Payments Bank
2118. Who pays for the Credit Ratings in In- C. State Bank of India
dia? D. HDFC Bank
A. RBI
2123. As per reports in the newspapers, the
B. Government of India Indian Rupee is appreciating these days.
C. Issuer What does it really mean?
D. SEBI I. The value of the Rupee has gone up.
It is now 110 paise and not 100
2119. Obligation of a banker to maintain se- paise.
crecy is applicable to II. The exchange rate of Rupee has
A. only in case of existing deposit ac- gone up.
counts III. Now we can purchase more in one
Rupee
B. only in case of existing loan accounts
Which was not possible earlier?
C. only in case of closed accounts
A. Only I
D. in all types of deposit/loan accounts
(existing/closed) B. Only II
C. Only III
2120. A may be deducted for premature
partial or full encashment of units wher- D. Both I and II
ever applicable, as mentioned in the policy
conditions. 2124. Who is the non-executive chairperson of
CCIL?
A. Policy Charges
A. Usha Thorat
B. Administration Charges
B. R Sridharan
C. Surrender Charges
C. Bhavesh Zaveri
D. Fund Switching Charge
D. MS Sundara Rajan
2121. Which of the following is not a charac-
teristics of Fiat money? 2125. Which of the following banks were
merged into to form Imperial Bank of In-
A. Fiat money is created and issued by
dia?
the state
A. Bank of Bengal
B. Fiat money is inconvertible by law
B. Bank of Madras
C. Its value as a commodity is as great as
its value as money C. Bank of Bombay
D. It is a legal tender D. All the above

234
2126. IndiaFirst Life Insurance Company Lim- 2130. has come into being with a vision to
ited, a joint venture between Bank of Bar- make early home ownership a real possi-
oda, Andhra Bank and Legal and General bility through the provision of Mortgage
(UK), has announced its tie-up with Oxi- Guarantee.
gen Services India Pvt. Ltd., to establish A. SIDBI
the distribution of its insurance products
at Oxygen retail outlets. IndiaFirst Life In- B. ECGC
surance Company Limited based in C. IMGC
NARAYAN CHANGDER
A. Varanasi D. NHB
B. Patna
2131. The Department of Industrial Policy &
C. Mumbai Promotion was established in and has
D. Pune been reconstituted in the year 2000 with
the merger of the Department of Industrial
2127. Which organisation has amended its Development.
earlier order asking banks to initiate
bankruptcy proceedings against 12 compa- A. 1999
nies which have outstanding loans amount- B. 1993
ing to over Rs 5, 000 crore as on March C. 1995
2016?
D. 1997
A. SEBI
B. NABARD 2132. Who can file a criminal case against the
drawer of a dishonoured cheque?
C. RBI
D. SIDBI A. The payee
B. The holder in due course
2128. Which of the following correctly de-
scribes what sub-prime lending is? C. Both of the above
1. Lending to the people who cannot re- D. The paying banker
turn the loans.
2133. Regional Rural Banks have been set up
2. Lending to the people who are high-
with the basic objectives of
value customers of the banks.
3. Lending to those who are not a reg- A. Providing credit to semi-urban & urban
ular customer of a bank. population
A. Only 1 B. Providing deposits facilities to farmers
B. Only 2 C. Providing credit & deposit facilities to
C. Only 3 rural areas
D. All the above D. Providing credit, deposit and other
banking facilities to people in rural areas
2129. In deficit financing, the government bor-
rows money from 2134. Name the company that has recently an-
nounced a partnership with the Federation
A. RBI
of Indian Micro and Small and Medium En-
B. Public terprises(FISME) to empower Micro, Small
C. IMF & Medium Enterprises (MSMEs).
D. Capitalists A. Amazon India

235
B. Flipkart B. $ 1500 million

C. Myntra C. $ 1000 million

D. Ebay D. $ 100 million
2135. Where is the current account of all other 2140. According to accepting public deposits,
banks are maintained? NBFCs can be classified into broad cat-
egories.
A. Finance Ministry
A. Two
B. RBI
B. Three
C. Four
D. World Bank
D. One
2136. Banking Companies are prohibited under
Sec 8 of banking Regulation Act to sell and 2141. D-SIBs has already been phased-in from
purchase securities. Yet Banks are selling 01st April 2016 and fully effective from
securities (of the customer) which are un- 01st April 2019. What is the full form of
der pledge as permitted by: D-SIBs?
A. Indian Contract Act A. Dividend Systemically Important

Banks
B. SARFAESI Act
B. Domestic Security Important Banks
C. Government Notification
C. Domestic Systemically Important
D. Banking Regulation Act Banks
2137. Section 131 of Negotiable Instrument D. Domestic Systemically International
Act, 1881 extends protection to the Banks
A. paying banker 2142. The base year for Consumer Index has
B. collecting banker now been revised from 1982 to
C. advising banker A. 1990
D. issuing banker B. 1991

C. 1996
2138. BCSBI was registered as a society under
D. 2001
the in February 2006.
A. Companies Act, 1956 2143. Post Offices is providing MMTS service.
What is the meaning of “MM” in MMTS?
B. Societies Registration Act, 1860
A. Mobile Mobile
C. Banking Regulation Act, 1949
B. Mobile Money
D. Reserve Bank of India Act, 1934
C. Money Money
2139. The government and World Bank signed D. Management Money
a loan agreement to promote rural econ-
omy in selected blocks of Tamil Nadu 2144. IFSC Code identifies a bank-branch par-
across 26 districts, benefiting over 4 lakh ticipating in the RTGS and NEFT system.
people. What is the meaning of “I” in IFSC code?
A. $ 2000 million A. Initial

236
B. Indian 2149. By how much Industries Growth has

C. International been seen at (in Economic Survey 2017-
18)
D. Immediate
A. 4.4 per cent
2145. What does Deficit financing mean? B. 4.1 per cent
A. Government of India borrows from C. 4.6 per cent
World Bank
D. 4.9 per cent
NARAYAN CHANGDER
B. Government of India borrows from
IMF 2150. Consider the following:
C. Government of India borrows from 1. Public Sector Undertakings
SBI 2. Private Sector Companies
3. Ministries and Departments
D. Government of India borrows from
RBI Which among the above are eligible for
Indira Gandhi Rajbhasha Awards for out-
2146. Which of the following methods is being standing achievements in the implementa-
adopted by Banks for calculating and ap- tion of Hindi?
plying interest on Savings Bank accounts? A. 1 & 3
A. On monthly products based on mini- B. 1 & 2
mum balance between 10th and last work-
C. 2 & 3
ing day.
D. All the above.
B. Daily balance is counted and interest
is paid accordingly 2151. Where is the headquarter of South In-
C. On average quarterly balance. dian Bank?
D. On average half yearly balance. A. Thrissur
B. Bengaluru
2147. UPI-PIN (UPI Personal Identification
Number) is a digit pass code you cre- C. Kochi
ate/set during first time registration with D. Chennai
this App.
2152. A banking system in which a big bank
A. 6-8 digits has a number of branches in different parts
B. 2-4 digits of the country is known as
C. 7-9 digits A. Unit Banking
D. 4-6 digits B. Branch Banking
C. Mixed Banking
2148. In Union Budget 2014-15, in Defence
sector FDI cap raised to from 26% at D. Chain Banking
present?
2153. Open unemployment refers to people
A. 51%
A. Who are not willing to work
B. 74% B. Who are willing but do not get work.
C. 100% C. Who leave their jobs in search of bet-
D. 0.49 ter jobs.

237
D. Who have been dismissed because of 2159. Interim Budget 2019-20 was presented
corrupt practices. in Parliament on 01st February 2019 by
the Union Minister for Finance, Corporate

2154. How many food parks do the govern- Affairs, Railways & Coal
ment aims to set up across the country in
A. Suresh Prabhu
12 plan?
B. Piyush Goyal
A. 50
C. Arun Jaitley
B. 30
D. Giriraj Singh
C. 20
D. 40 2160. As we all know, the RBI has raised the
Cash Reserve Ratio (CRR) by 25 bps, in
2155. When was the RBI Act enacted? April 201 0. What action will banks have
to take to implement the same?
A. 1st April 1935
1. They will have to deposit some
B. 28th November 1934
more money with the RBI as reserve
C. 6th March 1934 money.
2. Banks will be required to give some
D. 31st March 1935
more loan to projects of the priority
2156. Which of the following credit facilities sector.
comes under Infrastructure Laon? 3. Banks will be required to give a loan
equivalent to the CRR to the Govt.
A. Transport of India for its day to day expendi-
B. Energy ture as and when required.
C. Water and Sanitation A. Only 1
D. All of the above B. Only 2
C. Only 3
2157. India Post Payments Bank (IPPB) has
appointed as its Managing Director & D. Only 1 and 2
Chief Executive Officer.
2161. What is the deposit limit on saving ac-
A. Manoj Kumar counts in the Payment banks?
B. Rakesh Pahwa A. Rs 1 lakh
C. Suresh Sethi B. Rs 50000
D. AP Singh C. Rs 5 lakhs
D. Rs 10 lakhs
2158. Which organisation has been given the
sole privilege to operate Pradhan Mantri 2162. Which of the following is not a primary
Vaya Vandana Yojana? function of a Bank?
A. TRAI A. Granting Loans
B. IRDAI B. Collecting Cheques/Drafts customers
C. SEBI C. Facilitating import of goods
D. LIC of India D. Issuing Bank Drafts

238
2163. HDFC Life has entered into a bancas- RBI uptill now over the number and value
surance tie-up with Catholic Syrian Bank of those which are in actual circulation
to distribute its individual life insurance
C. The gap between the actual borrow-
products to the private lender’s customers.
ings of the Government of India and the
Catholic Syrian Bank based in-?
expected expenditure for which provision
A. Mumbai is made in the budget
B. Thrissur D. Excess of government’s disbursement
comprising current and capital expendi-
NARAYAN CHANGDER
C. Jaipur
tures over its current receipts (tax/non-
D. Varanasi
tax receipts)
2164. FICCI is the largest and oldest apex busi-
ness organization in India. Where is the 2168. According to SEBI, investors will be per-
Head Office of FICCI? mitted to purchase mutual funds worth up
to Rs through digital wallets.
A. Hyderabad
A. Rs 1, 50, 000
B. Kolkata
C. Chennai B. Rs 1, 00, 000
D. New Delhi C. Rs 50, 000

D. Rs 5, 000
2165. Companies whose main business is not
financing or lending are permitted to ac- 2169. The government has amalgamated three
cept deposits under section 45(s) of RBI Regional Rural Banks-Punjab Gramin
Act only from: Bank, Malwa Gramin Bank and Sutlej
A. Public Gramin Bank into a single RRB with ef-
B. Relatives in the from of loans fect on and from
C. Friends A. 01st February 2019
D. None of these B. 01st January 2019
2166. The Reserve Bank of India has revised C. 01st April 2019
the KYC guidelines recently. What is the D. 01st March 2019
full form of KYC?
A. Know Young Customer 2170. In 1993, the Government set up
a committee under the chairmanship
B. Know Your Consumer of former Governor of RBI, to propose
C. Know Your Customer recommendations for reforms in the insur-
D. Know Your Custom ance sector.
A. Gorwala Committee
2167. As we all know, Government of India
pays special emphasis on the management B. RN Malhotra
of Fiscal Deficit. What is Fiscal Deficit? C. B Sivaraman Committee
A. The gap between projected of esti-
D. Rangarajan Committee
mated GDP and actual GDP
B. The gap between the total number and 2171. Under Liberalised Remittance Scheme,
value of the currency notes issued by the PAN card need not be insisted upon for

239
remittance made towards permissible cur- 2176. PACS is a basic and the smallest co-
rent account transactions up to how much operative credit institution in India It
amount? works on the grassroots level (gram pan-

A. USD 25, 000 chayat and village level). What is the full
form of PACS?
B. USD 20, 000
A. Primary Agricultural Credit Sector
C. USD 15, 000
B. Primary Agricultural Credit Service
D. USD 10, 000 C. Primary Agricultural Credit Societies
2172. Which of the following is the component D. Primary Agricultural Credit Scheme
of India’s Foreign Exchange Reserve?
2177. The Department of Industrial Policy and
A. Special drawing rights Promotion (DIPP) has been renamed as
B. Reserve tranche position of India in the with a mandate to deal with mat-
IMF ters related to start-ups, facilitating ease
of doing business among others
C. Indian currency held by foreign coun-
tries A. Department for Product of Industry
and Internal Trade
D. Both A and B
B. Department for Promotion of Industry
2173. What is the maximum denomination for and International Trade
which coins can be produced in India? C. Department for Promotion of Industry
(IBPS 2011) and Internal Tracking
A. Rs. 1000 D. Department for Promotion of Industry
B. Rs. 10 and Internal Trade
C. Rs. 100 2178. General Insurance Corporation of India
(GIC Re) is a wholly owned company of
D. Rs. 50
A. Finance Ministry
2174. Banks borrow money from the RBI on
which of the following rates?
C. IRDAI
A. Reverse Repo Rate
D. LIC
B. Repo Rate
2179. Annual PPF ceiling to be enhanced
C. SLR
to from Rs 1 lakh
D. CRR
A. RS. 1.5 lakh
2175. Mutual funds are regulated by [Corpo- B. RS. 2 lakh
ration Bank 2011] C. RS. 3 lakh
A. Association of Mutual Funds of India D. RS. 3.5 lakh
(AMFI)
2180. Consider the following statements in re-
B. Securities and Exchange Board of In-
gard to money market in India:
dia (SEBI)
1. It is a market for short-term and
C. Reserve Bank of India longterm funds with maturity rang-
D. IRDA ing from overnight to one year.

240
2. It acts as an instrument of liquidity A. CIBIL

adjustment for the Central Bank. B. CRICIL
3. It is a market for only long term
funds. C. IRDAI
Which of the statements given above D. RBI

is/are correct? 2185. The Central government and the World
A. 1 only Bank have signed loan agreements for
B. 2 only India Energy Efficiency Scale up Pro-
NARAYAN CHANGDER
gramme.
C. Both 1 and 2
A. 100 million dollar
D. only 3
B. 200 million dollar
2181. What was the name of State Bank of
C. 300 million dollar
India (SBI) before it was created by SBI
Act? D. 400 million dollar
A. Imperial Bank of Hindustan 2186. Which among the following is Salient
B. Imperial Bank of Bengal features of SCSS?
C. Imperial Bank of Madras A. A depositor may operate more than
one account in individual capacity or
D. Imperial Bank of India
jointly with spouse (husband/wife).
2182. Which Bank was beaten India’s largest B. In case of Cheque, the date of realiza-
lender State Bank of India (SBI) for the tion of Cheque in Govt. account shall be
first time to become the second most val- date of opening of account.
ued bank in the country recently.
C. Account can be transferred from one
A. ICICI Bank post office to another.
B. Axis Bank D. All of the above are Salient features of
C. Kotak Mahindra Bank SCSS.
D. HDFC Bank 2187. What is the name of the renminbi-
2183. Govt of India has launched special Green denominated bonds which has been ap-
Revolution project for which of the follow- proved by Pakistan’s cabinet to raise loans
ing states/group of states? from China’s capital markets?
A. North-East states A. Dragon Bonds
B. Bihar and Jharkhand B. China-Connect Bonds

C. West Bengal C. Masala Bonds
D. Tamil Nadu and Kerala D. Panda Bonds
2184. Trading on electronic platforms is be- 2188. Who among the following has been ap-
ing encouraged across the world as it en- pointed new chairman of NABARD?
hances pricing transparency, processing ef- A. Harsh Kumar Bhanwala
ficiency and risk control. In India has re- B. Chandra Shekar
cently issued guidelines for operating Elec-
tronic Trading Platforms (ETPs) to transact C. Hemanth Banswal
in eligible instruments. D. Amith Mishra

241
2189. How much credit small finance banks B. Nariman committee

has to give to priority sectors?
C. Narasimham committee

A. 50%
D. Khanna Committee
B. 75%
C. 40% 2195. Nobel laureate Muhammed Yunus be-
longs to which of the following countries?
D. 80%
[Allahabad Bank 2011]
2190. What is the minimum amount to be re- A. Sri Lanka
mitted through RTGS
B. Pakistan
A. Rs.2 lakh
C. Maldives
B. Rs.10 lakh
D. Bangladesh
C. Rs.1 lakh
D. Rs.5 lakh 2196. What type of a bank is a Local Area
Bank?
2191. What is the basic aim of Lead Bank
Scheme? A. Scheduled Banks
A. big banks should try to open offices in B. Non-scheduled Banks
each district C. Un-scheduled Banks
B. there should be stiff competition
among the various nationalized banks
C. individual banks should adopt particu- 2197. The government has made providing
lar districts for intensive development passport details mandatory for taking
D. all the banks should make intensive ef- loans of 50 crore rupees and above. All ex-
forts to mobilize deposits isting loans of over 50 crore rupees, banks
have been asked to collect passport details
2192. What is the primary aim of enacting the of borrowers within days.
SARFAESI Act?
A. 100 days
A. Recovering Loans
B. 30 days
B. Increasing Deposits
C. 90 days
C. Transparent appointment of Directors
D. 45 days
D. Reducing Corruptions and Scams
2193. Which of the following is correct? 2198. Which among the following interna-
tional organisation has announced its ap-
A. Reserve Bank of India Act, 1935 proval to a$ 329 million loan to build ac-
B. Reserve Bank of India Act, 1934 cess roads across 4, 000 villages in Gu-
jarat recently?
C. Reserve Bank of India Act, 1930
D. Reserve Bank of India Act, 1921 A. OPEC
B. IMF
2194. Committee, launched the process of re-
forms of financial system in India C. AIIB
A. Gadgil committee D. ADB

242
2199. Which one of the following sources is B. the bank’s board should take the de-
not considered as a source of Government cision of closing down the extension
revenue? counter/branch and the decision should
A. Taxes be properly minuted in the official record
of proceedings of the Board Meeting.
B. Surplus of Public Enterprises
C. the bank should give proper notice
C. Mobilisation of internal loan and de- to all existing depositors/clients of the
posits branch through a press release in local
NARAYAN CHANGDER
D. Transfer Payments leading newspapers as also through a cir-
cular to each constituent of the branch,
2200. Which of the following is not a feature well in advance of the closure of the
of BHIM app? branch.
A. Send Money D. All of the above
B. Only One Language
2204. Tamilnad Mercantile Bank Limited is a
C. Scan & Pay bank headquartered in
D. Payment Reminders A. Thoothukudi
2201. Which committee recommended the es- B. Madurai
tablishment of the RRBs? C. Salem
A. Tarpore Committee D. Tiruchirappalli
B. Narasimham Committee 2205. Ujjivan Small Finance Bank launched an
C. Karmakar Committee overdraft (OD) facility for micro & small
enterprise (MSE) customers. OD facility
D. Kelker Committee
is offered to all MSEs with a turnover of
2202. Which of the following would reduce the Rs lakh or more.
credit creation capacity of a Commercial A. Rs 20 lakh
Bank?
B. Rs 40 lakh
1. Deposits with the Central
C. Rs 10 lakh
2. Bank Time and Demand
3. deposits Cash in hand D. Rs 50 lakh
A. 1 and 3 2206. Name the person, who is Chairman of
B. Only 2 Institute for Development & Research in
Banking Technology (IDRBT)?
C. 1 and 2
A. HK Bhanwala
D. All the above
B. Ajay Tyagi
2203. Primary (Urban) Co-operative Banks C. BP Kanungo
(UCBs) have been permitted to close unre-
D. KL Dhingra
munerative branches/extension counters
without the Reserve Bank’s prior permis- 2207. Which of the statement on Islamic bank-
sion provided ing is incorrect?
A. the bank has not been placed under 1. Islamic banking is only for Muslims.
any directions under Section 35A of the 2. Islamic banking activity do not allow
Banking Regulation Act, 1949. paying and receiving of interest.

243
3. Islamic banking promotes the princi- 2212. On 7 May 2015, RBI said with ef-
ple of profit sharing between bank- fect from September 1, 2015 all new
ing institution and depositor. cards issued-debit and credit, domestic

and international-by banks shall be EMV
A. Only 1
chip and pin based cards. EMV stands for
B. Only 2
A. Europay, Mastro and Visa
C. Only 3 B. Europay, Master Card and Visa
D. Both 2 and 3. C. Entitlement of Master Card and Visa
2208. The Reserve Bank of India (RBI) asked D. Euro, Master Card and Visa
all scheduled commercial banks with more 2213. Which of the following lending qualifies
than branches to appoint an Internal as a priority sector loan?
Ombudsman (IO).
A. Loan for purchase of gold for marriage
A. 30 of daughter
B. 25 B. Loan for consumer durables
C. 20 C. Housing loan
D. 10 D. Loan for purchase of tractor
2209. Which of the following is the first Aad- 2214. The mission of NABARD is Promote sus-
haar Gram in India? tainable and equitable agriculture and ru-
ral prosperity through effective credit sup-
A. Bhagalpur port, related services, institution devel-
B. Tembhli opment and other innovative initiatives.
What is meaning of “R” IN NABARD?
C. Buldana
A. Regional
D. Akola
B. Rural
2210. Which of the following is the most es- C. Reconstruction
sential service for the poor in the country D. Revised
to be reckoned as part of financial inclusion
efforts? 2215. Banks are required to pay how much
A. Pension payments percentage of their net bank credit to Pri-
ority Sector in advance?
B. Life insurance
A. 5%
C. No frills accounts B. 7%
D. Consumption loans C. 10%
2211. Which committee mooted the idea of D. 15%
payments banks? 2216. Which of the following is/are the Non-
A. Bimal Jalan Committee tax Revenue components of the Union Bud-
get of India?
B. Nachiket Mor Committee
1. Customs Duties
C. P J Nayak Committee
2. Interest Receipts
D. YV Reddy Committee 3. Dividends and Profits

244
Select the correct answer using the codes B. To protect the rights of investors and
given below: ensuring safety to their investment.
A. Only 1 C. To prevent fraudulent and malprac-
B. Only 2 tices by having balance between self reg-
ulation of business and its statutory regu-
C. 2 and 3 lations.
D. Only 3 D. All of the above
NARAYAN CHANGDER
2217. What is a soft currency? 2221. Agriculture Insurance Company of India
A. A currency whose exchange rate has a Limited (AIC) was incorporated in which
tendency to fluctuate year?
B. A currency which can be easily used A. 20th December 1999
for settling any International transac- B. 20th December 2007
tions. C. 20th December 1992
C. A currency which can not be used D. 20th December 2002
for settling international transactions be-
cause it does not command a value in the 2222. IDFC Bank and non-banking financial
international market company (NBFC) Capital First has an-
nounced the completion of their merger.
D. A currency which is available by way of
The merged entity to be called as
soft loans from international agencies
A. IDFC First Bank
2218. Which of these is an Old Private Sector B. IDFC Capital Bank
Bank?
C. Capital IDFC Bank
A. Karur Vysya Bank
D. IDFC-NBFC Bank
B. Federal Bank
2223. The Certificate of Initial Registration for
C. Karnataka Bank
an underwriter with SEBI remains valid for
D. All of the above how many years?
2219. In terms of Section 24 of the Reserve A. 3
Bank of India Act, 1934, the Reserve Bank B. 4
of India may issue bank notes for the max- C. 5
imum denomination of
D. 7
A. Rs. 500
2224. What is ‘Packing Credit’?
B. Rs. 5000
A. Finance extended to packing materials
C. Rs. 10000
industry
D. Rs. 1000
B. Finance extended to an Importer to
2220. SEBI was set up with the main purpose pack the goods imported
of keeping a check on malpractices and pro- C. Finance extended to Warehouses for
tect the interest of investors. What is the keeping the goods packages
objectives of SEBI? D. Finance extended to an Exporter to
A. To regulate the activities of stock ex- meet the costs of buying and/or making
change. products to be exported

245
2225. Flipkart’s digital payment subsidiary A. to provide refinance for loans and ad-
PhonePe has acquired Zopper Retail-a hy- vances extended by the primary lending in-
perlocal Point of Sale POS platform for stitutions to SSI units and also to provide

small and medium businesses. POS stands resources support to them
for
B. it discounts and rediscounts bill aris-
A. Point of Service ing from sale of machinery to or manufac-
B. Point of Sale tured by industrial units in the SSI sector
C. Point of Scheme C. it extends seed capital/soft loan assis-

tance under National Equity Fund, Mahila
D. Point of System Udyan Nidhi and Mahila Vikas Nidhi and
Seed Capital Schemes through specified
2226. Very often we read in the newspapers lending agencies
about various measures taken up to con-
trol the flow of the capital in the Indian D. All of the above
markets. Who amongst the following
is/are the regulators who can control the 2230. On 25th September, 1975, rupee was
flow of the same in India? [UBOI 2008] delinked from pound sterling and was
linked to
1. Indian Bank’s Association
2. RBI A. US dollar
3. SEBI B. gold
A. Only 1 C. basket of currencies
B. Only 2 D. All of these
C. Only 3
2231. “Navratna Status” is awarded to which
D. Both (2) & (3) of the following organisations /units?
2227. Which of the following is defined as the A. Those IITs/IIMs who are doing good
difference between current assets and cur- research work
rent liabilities?
B. Defence production units/factories
A. Venture Capital who are showing good profits
B. Working Capital C. Any public sector manufacturing unit
C. Equitable Mortgage doing well and earning good profits
D. Loss Assets D. A public sector bank rated very high by

the RBI in the area of customer service
2228. When was Reserve Bank of India estab- and recovery of NPAs
lished?
2232. Which of these committees is related to
A. 1920 BBPS?
B. 1925 A. Y Malegam committee
C. 1935 B. Rangarajan committee
D. 1948 C. G .Padmanabhan committee
2229. The main function(s) of SIDBI is/are D. Narsimaham committee

246
2233. Which of the following is an example of A. 1 only

derivative securities?
B. 1 and 2
A. return backed security
C. 1 and 3
B. cash flow backed security
D. Either 1 or 2
C. interest backed security
D. mortgage backed security 2238. is a secure messaging standard de-
veloped to serve as a platform for intra-
NARAYAN CHANGDER
2234. In which year for the first time a bill was bank and inter-bank applications.
introduced in the Indian Legislative Assem-
A. SFMS
bly for the creation of RBI?
B. CFMS
A. 1927
B. 1928 C. SWIFT
C. 1929 D. IDRBT
D. 1930 2239. The term Negotiable Instruments is as-
sociated with which of the following?
2235. In which of the following year Liber-
alised Remittance Scheme (LRS) was intro- A. A written document that transfers the
duced? value in it from one person to other
A. 2012 B. A written document entitled on an indi-
B. 2008 vidual by delivery or endorsement
C. 2004 C. A written document, entitled on a per-

son to receive money
D. 2006
D. All of the above
2236. What does a rise in SENSEX means?
A. Rise in prices of all companies belong- 2240. What happens when CRR is increased?
ing to U.K. A. It decreases money supply
B. Overall rise in prices of shares of com- B. It increases demand for money
panies registered in BSE.
C. It decreases inflation
C. Overall rise in prices of shares of com-
panies registered in NSE. D. All of the above
D. Rise in prices of shares of companies 2241. Which of the following is not an objec-
of America. tive of financial sector reform in India?
2237. Choose the correct statements in the A. Creating an efficient, productive and
context of Cooperative Banks in India. profitable financial sector industry
1. Cooperative Banks operate on no B. Preparing the financial system for in-
profit no loss basis. creasing international competition
2. Cooperative Banks are allowed to
C. Opening the external sector in a cali-
operate only in the agriculture sec-
brated fashion
tor.
3. NABARD is a Cooperative Bank. D. Reducing the fiscal deficit

247
2242. Dr Muhammad Yunus is a resident of 2247. The Economic Survey 2017-18, pre-
[Corporation Bank 2011] sented in the Parliament claims that post
introduction of Good and Services Tax

A. India
(GST) regime, there has been a per cent
B. Pakistan increase in the number of indirect tax-
C. Bangladesh payers, besides a large increase in volun-
tary registrations, especially by small en-
D. USA terprises that buy from large enterprises
and want to avail themselves of Input Tax
2243. will be authorised operational enti-
Credits (ITC).
ties, adhering to the standards for facil-
itating bill payments online as well as A. 60 per cent
through a network of agents, on the
B. 50 per cent
ground.
C. 70 per cent
A. BBPCU
B. BBPOU D. 80 per cent
C. Biller Payment 2248. Where was the first Land Development

D. Creditor Bank set up in India?
A. Punjab
2244. Which of the following is not the type
of Exchange rates? B. Tamil Nadu
A. Ready C. Odisha
B. Value Tom D. Bihar
C. Backward Transaction
2249. Export-Import Bank of India is the pre-
D. Forward Transaction mier export finance institution in India,
established in 1982 under Export-Import
2245. Which of the following Private sector Bank of India Act 1981. The Headquarters
Banks has launched personal loan Swift? of EXIM Bank in
A. Axis Bank A. Hyderabad
B. ICICI Bank
B. Kolkata
C. HDFC Bank
C. Chennai
D. IDBI Bank
D. Mumbai
2246. Global research agency Fitch has raised
India’s growth forecast for the current fis- 2250. and the World Bank has announced
cal to per cent from the earlier 7.4 per that they had financed 100 MW of rooftop
cent. solar projects worth Rs400 crore in India.
A. 7.6 per cent A. RBI

B. 7.7 per cent B. BOB
C. 7.5 per cent C. ICICI
D. 7.8 per cent D. SBI

248
2251. Which company has announced that its C. Bank of Baroda

board has approved the merger with Glax-
D. ICICI Bank
oSmithKline Consumer Healthcare (GSKCH
India) through an-all equity deal, valuing 2256. State-run power giant National Ther-
the total business of the latter at Rs31, mal Power Corporation has inked a term-
700 crore? loan agreement with to raise Rs 2, 000
A. Dabur Healthcare company crore, which would be used to part finance
B. Johnson & Johnson its capital expenditure.
NARAYAN CHANGDER
C. Hindustan Unilever Limited A. HDFC Bank
D. Patanjali Ayurved Limited B. Bank of Baroda
C. Canara Bank
2252. Insurance Regulatory and Development
Authority (IRDA) was set up as au- D. Punjab National Bank
tonomous body under which act?
A. IRDA Act, 1996 2257. Base rate of lending was introduced by
RBI to substitute the prime lending rate
B. IRDA Act, 1999 mechanism for fixing of interest rate on
C. IRDA Act, 2000 bank loans and advances. What is the rea-
son for this decision of RBI?
D. IRDA Act, 2002
A. To exercise greater control of RBI over
2253. Which of the following does not consti- banks
tute ‘payment in due course’?
B. In accordance with Damodaran Com-
A. Payment of a post-dated cheque mittee recommendations
B. Payment of a crossed cheque across C. To improve banks’ profitability
the counter
D. For effective transmission of monetary
C. Payment of a cheques the payment of
policy changes and greater transparency
which has been countermanded
D. All of the above 2258. The Reserve Bank of India will soon in-
troduce Rs 20 notes with additional fea-
2254. When was the Banking correspondent tures. It will bear the signature of
scheme launched by RBI?
A. RBI Deputy Governor
A. 2002
B. Finance Secretary
B. 2005
C. 2001 C. Finance Minister
D. 2006 D. RBI Governor
2255. Which bank has bagged “Rajbhasha 2259. Inflation can defined as
Kirti” award for outstanding performance A. a persistent rise in general price level
in implementing the Official Language Pol-
icy during 2017-18? B. a persistent fall in general price level
A. Punjab National Bank C. an increase purchasing power
B. State Bank of India D. increase in value of money

249
2260. Siemens AG opened its first digital fac- 2265. Nobel laureate Muhammed Yunus be-
tory in India, also the third globally after longs to which of the following countries?
one each in Germany and China, as the in-

A. Sri Lanka
dustrial conglomerate pitches smart facili-
ties to small and medium scale enterprises B. Pakistan
in the country. Siemens AG based in C. Maldives
A. Canada D. Bangladesh
B. France
2266. Vijaya Bank is a public sector bank
C. China with its corporate office in Bangalore, Kar-
D. Germany nataka, India. What is the tagline of Vi-
jaya Bank?
2261. “Your Faithful And Friendly Financial
A. Where every individual is committed
Partner” is tagline of which Bank?
B. Where Service Is A Way Of Life
C. The Name you can Bank Upon
C. Syndicate Bank D. A Friend you can Bank Upon
D. Union Bank of India 2267. “Micro Credits” are loans
2262. Central Bank of India is one of the old- A. granted to distressed person (other
est and largest commercial banks in India. than farmers) to pre-pay their debt to non-
It is based in institutional lenders against appropriate
collateral or group security,
A. Mumbai
B. not exceeding 50.000 per borrower
B. Kolkata provided by banks
C. Chennai C. Both A and B
D. New Delhi
D. None of these
2263. RNBCs cannot accept deposits for a
2268. State Bank of India has launched a CSR
period less than months and more
initiative, SBI Gram Seva, which will work
than months.
in the areas of health, education, environ-
A. 12, 84 ment and rural infrastructure. CSR stands
B. 14, 86 for?
C. 17, 92 A. Commercial Social Responsibility
D. 24, 36 B. Corporate Social Responsibility
C. Corporate Social Resolution
2264. Who is present Managing Director &
Chief Executive Officer of Paytm Pay- D. Corporate Special Responsibility
ments Bank Limited?
2269. Commercial banks are the largest cate-
A. Satish Kumar Gupta gory of financial intermediaries; others in-
B. Vaibhav Goel clude?
C. GS Sundararajan A. Life-insurance companies
D. Ashit Ranjit Lilani B. Pension funds

250
C. Savings and loan institutions 2274. Which is the first bank to get ISO certifi-
D. All of the above cate?
A. Corporation Bank
2270. Many a times we read in the newspa-
B. UBI
pers that RBI takes certain steps to curb
the menace of Inflation. In this context, C. Canara Bank
which among the following will not help D. Syndicate Bank
RBI in controlling the inflation in the coun-
NARAYAN CHANGDER
try?
of the RBI?
A. An increase in the Bank Rate
A. Maintaining Forex
B. An increase in the Reserve Ratio Re-
B. Deciding Bank Rate, CRR, and SLR
quirements
from time to time
C. A purchase of securities in the open
C. Opening Savings Accounts for the gen-
market
eral public
D. Rationing of the credit D. Prescribing the Capital Adequacy Ratio
2271. RBI has raised the exposure limit un- 2276. A Bank/Financial Organisation these
der ETCD trading for residents and FPIs to days relies heavily on e-commerce for its
USD million across all currency pairs in- transaction. As a part of system security,
volving the Indian rupee. it has introduced the organization’s secu-
A. USD 1000 million rity awareness manual. This step of the
organization can be classified under, which
B. USD 10 million
one of the following categories of mea-
C. USD 50 million sures for a business?
D. USD 100 million A. Preventative
B. Compliance
2272. What is a Doubtful Asset?
C. Corrective
A. sub-standard asset for a period of 12
months D. Detective
B. sub-standard asset for a period of 3 2277. Bank of Baroda is an Indian multina-

months tional, public sector banking and financial
services company. It is owned by Govern-
C. sub-standard asset for a period of 6
ment of India and headquartered in
months
A. New Delhi
B. Vadodara
2273. An MoU was signed between the Indian C. Mumbai
Army and on the Defence Salary Pack-
age. D. Kolkata
A. ICICI Bank 2278. Who among the following is a banking

corresponding agent?
A. An authorized representative of bank
C. Bank of India who offer banking services in unbanked
D. HDFC Bank areas

251
B. Any person who offer banking services 2283. For how many days in a year a person
in unbanked areas should reside in India before applying for
the enrolment of Aadhar Card?

C. An authorized representative of bank
who makes profits for banks A. 182 days
D. None of the above B. 179 days
C. 132 days
2279. Which of the followings best define an
open-funded mutual fund? D. 366 days
A. It has an option to invest in any kind of 2284. Which of the following would result in
security. a fall in asset prices?
B. It has units available for sale and re- A. Low liquidity in the economy
purchase at all times. B. High liquidity in the economy
C. It does not have a NAV. C. RBI increasing the Reserve Repo
D. It has fixed fund size. Rates
D. RBI allowing more banks to play
2280. As per notification issued by RBI, circu-
lation of which of the following coins shall 2285. How much shares the government hold
be ceased wef 29th June, 2011? in the Public sector banks?
A. 50 paise A. Minimum 75%
B. 25 paise B. More than 50%

C. More than 33%
C. Both A and B above
D. More than 49%
D. None of these
2286. An FVCI can invest in an Indian company
2281. When the government imposes physical engaged in
and monetary controls to check open infla-
A. Biotechnology
tion, It is known as
B. Dairy industry
A. Mark-up Inflation
C. Production of bio-fuels
B. Demand pull Inflation
D. All of the above
C. Creeping Inflation
2287. The number of directors on the Boards
D. Suppressed Inflation
of RRBs has been raised to
2282. PMFBY is the government sponsored A. 14
crop insurance scheme that integrates mul- B. 15
tiple stakeholders on a single platform.
What is the full form of PMFBY? C. 16
A. Pradhan Mantri Financial Bima Yojana D. 17
B. Pradhan Mantri Fasal Base Yojana 2288. Which of the following is a receipt,
declaring ownership of shares of a foreign
C. Pradhan Mantri Fasal Bank Yojana
company and can be listed in India and
D. Pradhan Mantri Fasal Bima Yojana traded in rupees?

252
A. ADR 2293. By virtue of the amendment carried out

by the Regional Rural Bank (Amendment)
B. GDR
Act, 1987, the Chairman of a Regional Ru-
C. IDR ral Bank (RRB) is to be appointed by
D. EDR A. Central Government
B. State Government
2289. Nepal has imposed limit on the amount
of Indian currency its citizen can spend in C. Sponsor bank in consultation with
NARAYAN CHANGDER
India. What is that limit? NABARD
D. Reserve of Bank of India
A. INR 10 lakh per year
B. INR 2 lakh per month 2294. The rate of interest on Savings Bank Ac-
count is stipulated by [Corporation Bank
C. INR 1 lakh per month 2011]
D. INR 50, 000 per week A. The concerned bank
2290. The concept of’Micro Credit’ essentially B. RBI

concentrates on C. Indian Banks Association
A. consumption smoothening as and D. Government of India
when needed
2295. State-run has received capital infu-
B. providing safe place to hold savings sion of Rs. 2, 257 crore from the govern-
ment recently.
C. accepting deposits
A. Vijaya Bank
D. provision of credit to the poor
B. Corporation Bank
2291. Which among the following public sector C. Andhra Bank
Banks and state-run firm BSNL teamed up
D. Bank of India
to roll out open mobile wallet Speedpay
across 10 states in the country. 2296. The minimum and maximum court fee
A. State Bank of India that is required to be paid for filing a suit
in a Debt Recovery Tribunal is?
A. Rs. 5, 000; Rs. 1, 00, 000
B. Rs. 10, 000; Rs. 1, 00, 000
D. Bank of Baroda C. Rs. 12, 000; Rs. 1, 50, 000
2292. As per RBI guidelines, Ultra Small D. All of the above
Branches may be set up between the base
2297. Which of the following committees rec-
branch and BC locations at how much dis-
ommended the development of Leasing Fi-
tance?
nancing in India?
A. 3-4 Kms A. Kothari committee
B. 20-25 Kms B. Dahotre Committee
C. 30-35 Kms C. Rangarajan Committee
D. 18-20 Kms D. Purshotam Committee

253
2298. Who among the followinf initiated Cap- C. Rs 250 Crore

ital Market Line?
D. Rs 750 Crore

A. William Sharpe
B. Markowitz 2302. Uttar Pradesh Finance Minister Rajesh
Aggarwal has presented a mega budget of
C. Linter
over with a focus on farmers, artisans,
D. Mohsin youth, infrastructure and urban develop-
ment.
2299. Many times, we read about future trad-
ing in newspapers. What is ‘future trad- A. Rs 12.31 lakh crore
ing’? B. Rs 04.28 lakh crore
1. It is nothing but a trade between
C. Rs 05.72 lakh crore
any two stock exchanges, wherein
it is decided to purchase the stocks D. Rs 10.17 lakh crore
of each other on a fixed price
throughout the year. 2303. The Regulatory Authority for Regional
2. It is an agreement between two par- Rural Banks is
ties to buy or sell an underlying as-
A. Sponsor Bank
set in the future at a predetermined
price. B. Central Government
3. It is an agreement between stock C. State Government
exchanges that they will not trade
the stocks of each other under any D. RBI and NABARD
circumstances in future or for a
given period of time. 2304. Which of the statements given above
is/are correct?
given below 1. It is applicable in both urban and ru-
A. Only 1 ral areas.
2. Eradication of unemployment is one
B. Only 2 of its objectives.
C. Only 3
A. 1 only
D. 2 and 3
B. 2 only
2300. SBI Act was passed in Parliament in C. Both 1 and 2
A. 1935
D. Neither 1 nor 2
B. 1949
C. 1955 2305. Which of the following is the purchase
of bonds and shares of Indian companies
D. 1969
by Foreign Institutional investors?
2301. Any NBFC is is considered systemically A. FDI
important NBFC when its asset size is of
how much amount or more? B. NRI investment
A. Rs 100 Crore C. Portfolio investment
B. Rs 500 Crore D. Foreign indirect investment

254
2306. Which Bank has launched an overdraft measure ment of the quality of people’s
(OD) facility for micro and small enterprise life is known as
(MSE) customers across its branches na- A. Human development Index
tionally?
B. Average expectancy of life
A. City Bank
C. Per capita income
B. Ujjivan Small Finance Bank
D. Standard of living index
2311. LTV ratio is a financial term used by
NARAYAN CHANGDER
lenders to express the ratio of a loan to
2307. Who is the present Chairman of Bank of the value of an asset purchased. What is
Bahrain and Kuwait B.S.C (BBK)? the meaning of “V” in LTV?
A. Hassaan Mohammed Burshaid A. Voucher
B. Abdulrahman Ali Saif B. Value
C. Mohamed Ali Malik C. Vendor
D. Murad Ali Murad D. Vehicles
2312. Catholic Syrian Bank Ltd and Celebrus

2308. Co-operative banks in India are regis-
Capital Ltd have announced a new partner-
tered under
ship to offer CSB’s customers online trad-
1. Banking Laws (Co-operative Soci- ing and demat services. Catholic Syrian
eties) Act, 196 5. Bank is based in
2. Banking Regulation Act, 194 9.
A. Ahmedabad
3. Companies Act, 1956.
B. Coimbatore
given below C. Amravati
A. Only 1 D. Thrissur
B. 1 and 2 2313. The Reserve Bank of India (RBI) ap-
C. 2 and 3 pointed former governor as the chair-
man of the Economic Capital Framework
D. 1 and 3 (ECF) committee formed to address the is-
sue of excess reserves with the central
2309. The National Highways Authority of
bank.
India (NHAI) signed an MoU with for
getting Long Term Unsecured Loan of Rs A. Y V Reddy
25000 crore for 10 years with 3 years of B. Bimal Jalan
moratorium on repayments.
C. Raghuram Rajan
A. SBI
D. D. Subbarao
B. NABARD
2314. Name the first Indian company in the
C. PNB
service sector which won the Deming Prize
D. SIDBI for 2018.
2310. An indicator currently used by United na- A. Airtel

tions development programme (UNDP) for B. Jio

255
C. Vodafone 2319. As per the news published in the news-

papers, the International Monetary Fund
D. Indus Towers
(IMF) praised India’s, performance on its

2315. Lock period in Term deposit means? economic front. Which of the following is
not true in this respect?
A. Locker must be opened by the cus-
1. IMF favoured the cuts in fuel sub-
tomer in the branch.
sidies as part of expenditure mea-
B. The Pre-maturity is not possible. sures to create space for spending
on priority sectors.
C. Another account cannot be opened by
2. IMF was not in favour of huge for-
customer.
eign fund flow to India as it has cre-
D. Nominee name need not be written. ated an imbalance at regional level.
3. IMF wants some more structural re-
2316. FICCI is the voice of India’s business and forms to be implemented quickly.
industry. FICCI stands for
A. Federation of International Chambers given below
of Commerce and Industry
A. Only 1
B. Foundation of Indian Chambers of B. Only 2
Commerce and Industry
C. Only 3
C. Federation of Indian Chambers of Com-
D. 1 and 3
merce and Industry
D. Federation of Indian Common of Com- 2320. The FTSE Straits Times Index (STI) is
merce and Industry a capitalisation-weighted stock market in-
dex that is regarded as the benchmark in-
2317. As we read every now and then, the dex for the stock market.
Monetary and Credit Policy is reviewed A. Australia
and changes/corrections are made fre-
quently.Who amongst the following ex- B. South Africa
actly takes this decision in India? C. Canada
A. Deputy Chairman, Planning Commis- D. Singapore
sion
2321. Venture Loans are ?
B. Prime Minister
A. Startup Loans
C. Finance Minster B. Long-term Loans
D. None of these C. Loan for day to day activities
2318. To which of the following personalities D. Small period Loans

is the BHIM app dedicated?
2322. The term ‘Smart Money” refers to .
A. Mahatma Gandhi A. Foreign Currency
B. Dr. B.R Ambedkar B. Internet Banking
C. Subhash Chandra Bose C. US Dollars
D. Jawahar Lal Nehru D. Credit Cards

256
2323. What is the full form of the term LIBOR 2328. Who is present Chairman of TRAI?
as used in financial/banking sector? A. Ajay Tyagi
A. Local Indian Bank Offered Rate B. TS Vijayan
B. London-India Bureau of Regulations C. H Pradeep Rao
C. Liberal International Bank Official Ra- D. RS Sharma
tio
2329. What is an Demat account?
D. London Inter Bank Offered Rate
NARAYAN CHANGDER
A. Zero Balance Accounts
2324. According to International Monetary B. Accounts which are opened to facili-
Fund, the countries with Foreign exchange tate repayment of a loan taken from the
controls are known by which of the follow- bank. No other business
ing names?
C. Accounts in which shares of various
A. Article 14 countries companies are traded in electronic form
B. Article 17 countries D. Accounts which are operated through
C. Article 16 countries internet banking facility
D. Article 18 countries 2330. The guidelines specify that MCLR calcu-
lated using methodology prescribed shall
2325. As per the Negotiable Instruments Act
correspond to the tenor of funds in the sin-
1882, the term negotiable relates to
gle largest maturity bucket provided it is
more than 30% of the entire funds reck-
A. Money oned for determining the MCLR. What is
B. Transferable the meaning of “M” in MCLR?
C. Can be passed A. Minimum
D. Bargain B. Maturity
C. Marginal
2326. Each of the RRBs covers districts rang-
ing from D. Management
A. 1 to 15 2331. Which of the following cannot be called
B. 2 to 25 as a debt instrument as referred in finan-
cial transactions?
C. 3 to 25
A. Certificate of deposits
D. 2 to 15
B. Bonds
2327. Which of the following clearly defines C. Stocks
venture capital?
D. Loans
A. It is a fund provided to industries at
times of incurring losses. 2332. Which of the following doesn’t relates
with banking or finance?
B. It is a long-term start-up capital pro-
vided to new entrepreneurs. A. Devaluation
C. It is a fund provided for renovation of B. Hundis
industries. C. Flare
D. It is a short-term capital. D. Gearing

257
2333. A SWIFT code is an international bank 2337. The primary aim of the Lead Bank
code that identifies particular banks world- scheme for public sector banks in India is
wide. SWIFT stands for

A. Big banks should try to open branches
A. Society for Worldwide Interbank Fund- in each district
ing Telecommunication B. Individual banks are given the respon-
B. Society for Worldwide Indian Financial sibility to monitor the district credit plan
Telecommunication for each adopted district
C. Society for Worldwide Interbank Fi- C. The focus should be on priority sector
nancial Telecommunication lending
D. System for Worldwide Interbank Fi- D. All out efforts for maximum deposit
nancial Telecommunication mobilization in each designated district
2334. Special Drawing Rights are the rights of 2338. Who is the present MD and CEO of AU
countries provided by Small Finance Bank?
A. World Bank A. S Somanath
B. IMF B. Usha Ananthasubramanian
C. ADB C. Shantanu Narayen

D. Sanjay Agarwal
D. Federal Reserve
2339. As a result of the collaboration of the
2335. Micro or Small Enterprise (as defined in
Department of Posts, Government of India
the MSMED Act 2006) may be said to have
with the Western Union Financial Services,
become Sick, if?
a state of the art International Money
A. Any of the borrowal account of the en- transfer Service is now available through
terprise remains NPA for ten months or the Post Offices in India, which enables
more instantaneous remittance of money from
B. Any of the borrowal account of the en- around countries and territories to In-
terprise remains NPA for eight months or dia.
more A. 195 countries
C. Any of the borrowal account of the en- B. 415 countries
terprise remains NPA for five months or C. 115 countries
more
D. 135 countries
D. Any of the borrowal account of the en-
terprise remains NPA for three months or 2340. The Department of Currency Manage-
more ment in cooperation with the Issue Depart-
ments of the Reserve Bank’s Regional Of-
2336. MUDRA Bank, a Non Banking Finance fices across India oversees currency man-
Company as MUDRA Ltd has been set up agement. The Department of Currency
as a subsidiary of ? Management is located in
A. SIDBI A. Kolkata
B. IDBI B. Pune
C. RBI C. Chennai
D. NABARD D. Mumbai

258
2341. Insurance cover for bank deposits in our A. Finance Ministry

country is provided by:
B. SEBI
A. SBI
C. RBI
B. GIC
C. LICI
D. DICGC 2347. RBI did not issue any currency notes dur-
ing work period of which RBI Governor?
2342. Security Paper Mill (SPM) located at
NARAYAN CHANGDER
A. Sir C D Deshmukh
A. Mumbai
B. Sir Benegal Rama Rau
B. Kolkata
C. K G Ambegaonkar
C. Bengaluru
D. H V R Iengar
D. Hoshangabad
2343. What is the full form of LAF, as used in 2348. The object of introducing base rate by
banking world very frequently? RBI is
A. Liquid Advances Finance 1. Enhancing transparency in lending
rates of banks
B. Liquidity Adjustment Facility
2. Enabling better assessment of trans-
C. Legal Adjournment Formality mission of monetary policy
D. Local Advance Finance 3. Keeping interest rates low
2344. The RBI is not expected to perform the A. 1 and 2

function of B. Only 3
A. the banker to the government C. Only 2
B. accepting deposit from commercial D. All of above
banks
C. accepting deposit from commercial 2349. are quite simply assets that are val-
public ued based on a currency other than the
firm’s “home” currency.
D. issue of currency
A. Foreign currency assets
2345. What is call money?
B. Forex reserve
A. It is an overnight loan in the money
market C. Data Dissemination Standards
B. It is loan of above 1 day to 14 days in D. Foreign Institutional Investor
the money market
2350. In which among the following cities,
C. It is loan of above 14 day to 364 days State Bank of India has successfully held
in the money market two-day Home Loan Utsav recently?
D. None of the above A. New Delhi
2346. Ujjivan Small Finance Bank Ltd, a B. Mumbai
wholly-owned subsidiary of Ujjivan Finan-
C. Mengaluru
cial Services Ltd, has been given scheduled
bank status by-? D. Bengaluru

259
2351. Which of the following exactly define banking facilities by allowing transactions
the meaning of Mezzanine Financing? at Point of Sale through the Business Cor-
respondent (BC) using the Aadhaar authen-

A. It is a hybrid of debt and equity financ-
ing. tication number. Aadhaar enabled basic
types of banking do not include
B. It is the highest-risk form of debt, but
it offers some of the highest returns. A. Balance Enquiry
C. It allows companies with less collat- B. Cash Withdrawal

eral to secure funding for growth. C. Online Payment
D. All of the Above D. Cash Deposit
2352. Nearly two dozen lenders, led mostly 2356. NSDL is the first and largest depository
by state-run banks has signed the ICA in India, established in
framework to speed up the resolution of
stressed assets which are under Rs 500 A. August 2003
crore bracket. What is the full form of B. August 1991
ICA?
C. August 1989
A. Indian-Creditor Agreement
D. August 1996
B. Inter-Cash Agreement
C. Inter-Creditor Agency 2357. Money laundering is related
D. Inter-Creditor Agreement A. To reduce the number of families
which lives below poverty line.
2353. is a computerized machine that pro-
B. To reduce the NPA of Banks.
vides the customers of banks the facility
of accessing their account for dispensing C. To reduce the Black Money.
cash and to carry out other financial & non- D. To reduce the unemployment rate.
financial transactions without the need to
actually visit their bank branch. 2358. The Government of India has notified
A. Financial Fund the Electoral Bond Scheme 2018. It may
be noted that Electoral Bond shall be valid
B. Core Sector
for days from the date of issue.
C. Online Banking
A. 90
D. ATM
B. 30
2354. Which of the following is the target C. 15
fixed for maintaining fiscal deficit in the
Union Budget of India? D. 10
A. 4.6% of total budget 2359. The Methods of credit control used by

B. 4.6% of GDP the RBI can be divided into
C. 3.6% of total budget A. Long-term and short term
D. 3.6% of GDP B. Rural and Urban
C. Qualitative and Quantitative
2355. The Aadhaar-Enabled Payment Systems
(AEPS) is a bank led model that facilitates D. Monetary and Fiscal

260
2360. RBI has largely accepted the recommen- B. Central Bank of that country
dations of which committee set up by it to
C. Central government of that country
look into the issues of the micro finance
sector? D. None of the above
A. Damodaran committee
2366. Which organisation/Bank had launched
B. Nair committee
a National Level Entrepreneurship Aware-
C. Malegam committee ness Campaign, “Udyam Abhilasha” in
NARAYAN CHANGDER
D. Narasimham committee 115 Aspirational Districts identified by
NITI Aayog in 28 States and reaching to
2361. Where is Central Accounts Section of Re- around 15, 000 youth?
serve Bank of India located?
A. NABARD
A. Nagpur
B. RBI
B. Pune
C. SIDBI
C. Mumbai
D. Aurangabad D. IRDAI
2362. UnionPay debit card is concerned with 2367. What is the current deposit limit of Pay-
which among the following country? ment banks?
A. China A. Rs 2 lakhs
B. Nepal
B. Rs 1 lakh
C. Pakistan
C. Rs 50000
D. None of The Above
D. Rs 5 lakhs
2363. Which committee first time in India sup-
ported the concept of Insuring Deposits? 2368. The Asian Development Bank (ADB) has
A. Rural Banking Deposit Committee lowered India’s GDP forecast for the cur-
rent fiscal by 0.3% to
B. Urban Banking Enquiry Committee
C. Rural Banking Enquiry Committee A. 6.90%
D. SBI Rural Banking Enquiry Committee B. 6.10%
2364. Which pair is not correct? C. 6.30%

A. EXIM Bank-Financing for export- D. 6.70%
import
B. RBI-Banker’s bank 2369. CRISIL
C. IDBI-Industrial Finance A. Evaluates the credit documents of a

company
D. FCI-Financial assistance to commer-
cial institutions. B. Provides financial assistance to indus-
tries
2365. Forex is generally maintained by which
of the following? C. Provides finance for rural areas
A. Commercial bank of that country D. Promotes exports

261
2370. FSB is an international body for the banking mode by the marginalized d fi-
global financial system, has placed India in nancially excluded segments of society
the league of countries that are ‘compliant through microATMs. What is the meaning

or largely compliant’ on the implementa- of “E” in AEPS?
tion of priority area reforms. FSB stands A. Equity
for
B. Essential
A. Fiscal Stability Board
C. Electronic
B. Financial Solution Board
D. Enabled
C. Financial Stability Bank
2375. Which of these is an International Finan-
D. Financial Stability Board cial Institution?
2371. How much quantity of coins to be A. World Bank
minted decided by B. European Investment Bank
A. RBI C. Both A and B
B. Union government D. None of the above
C. SBI
2376. Sunil Mittal-driven Airtel Payments
D. IRDA Bank integrated the UPI on its digital plat-
form, allowing customer choice and conve-
2372. Which of the following statements re- nience to facilitate secure digital payments.
lated to Micro Finance System is wrong? What is the meaning of “I” in UPI?
A. It provides micro credit having scope A. International
for small savings and remittance of funds
B. Industrial
B. It based on the principle of livelihood
creation C. Indian
D. Interface
C. High volumes of low transactions done
through this system 2377. Corporate tax is imposed by
D. None is wrong A. State government
2373. RBI, in consultation with the Govern- B. Central government
ment has hiked the foreign portfolio in- C. Both
vestors (FPI) investment limit in Central D. Local government
government securities (G-Sec) from 5%
of outstanding stock now to in FY2019 2378. The revival of the Kisan Vikas Patra
and in FY2020. (KVP) was announced in the Union Budget
2014-15 on 10 July 201 4. The KVP was
A. 5.5% and 6.5%
discontinued from November 2011 on the
B. 5.5% and 6.0% recommendation of which committee’s rec-
C. 6.0% and 6.5% ommendations?
D. 6.5% and 7.0% A. Shyamlal Kunde Committee
B. Shyama Prasad Committee
2374. AEPS is a system that leverages Aad-
haar online authentication and enables AE- C. Shyamala Gopinath Committee
BAs to be operated in anytime-anywhere D. Gopinath Ghokle Committe

262
2379. Financial services offered financing risk 2384. The system of Note Issue followed by
project to provide which of the following? Reserve Bank of India is
A. Seed capital A. Proportional Reserve System
B. Venture capital B. Minimum Reserve System
C. Primary fund
C. Minimum Fiduciary System
D. Secondary fund
D. Maximum Fiduciary System
2380. What is cross-border exchange?
NARAYAN CHANGDER
A. Trading of foreign currency in India. 2385. Which of the following is the correct se-
quence to track an issue?
B. Hawala transactions
C. Unauthorised remittance of the Indian 1. Document the process by which the
rupee. issue was resolved.
2. Document an issue including any per-
D. The trading of the Indian rupee in ex-
tinent details such as the date and
change for other currencies/goods.
who reported it.
2381. Which of the following are the Institu- 3. Track the status of the resolution.
tional Underwriters in India? 4. Determine a priority for the issue
and Assign the issue to a project
A. IDBI
team member.
B. IFCI
A. 2, 4, 3, 1
C. UTI
D. All of the Above B. 4, 3, 2, 1
C. 1, 2, 3, 4
2382. HDFC Bank has announced a software
upgrade to create a single PoS machine D. 2, 1, 3, 4
which will accept payments through Uni-
fied Payments Interface (UPI), BharatQR, 2386. The City Union Bank Limited is an Indian
SMS Pay and the bank’s mobile wallet, in bank. Where is the Headquarters of City
addition to the traditional mode of swiping Union Bank Limited?
cards. PoS stands for-?
A. West Bengal
A. Product-of-Sale
B. Maharashtra
B. Point-of-Service
C. Point-of-System C. Kerala
D. Point-of-Sale D. Tamil Nadu
2383. Loans to poor people by banks have 2387. Deflation refers to

many limitations including lack of security
and high operating cost. So to help them A. General decline in price of various
which type of finance system developed? commodities and services
A. Ponzi schemes B. Price decline in specific sectors.
B. Micro Finance System C. Price decline in specific commodities.
C. Money Laundering Schemes D. Sharp and sudden decline in foreign ex-
D. Money tampering finance change reserves.

263
2388. Which of the following payments bank C. The rate of interest on current account
has announced a strategic partnership and savings account are the same.
with Hindustan Petroleum Corporation

D. No interest is paid on any deposit by
Limited (HPCL) to give the further boost
the bank.
to digital payments in the country and add
to customer convenience? 2393. “Open Market Operation” are con-
A. Aditya Birla Nuvo trolled by
B. Department of Posts A. World Bank
C. Airtel Payments Bank B. IMF
D. FINO PayTech C. RBI
2389. Aadhaar-Linked Birth Registration D. Finance Ministry
(ALBR) scheme has been launched in which
of the following states? 2394. The RBI has asked banks to spell out
their policy, procedures and size of the
A. Haryana
business on which of the following aspects
B. Chandigarh of banking?
C. Himachal Pradesh A. On-shore banking
D. All of the above B. Off-shore banking
2390. Parliament was passed Insurance Laws C. Investments in secondary market
(Amendment) Bill, 2015. The amendment
D. Wealth management
bill hikes Foreign Direct Investment (FDI)
cap in the insurance sector to percent 2395. Digital payments company PayPal and
from present 26 percent. FIEO has signed an agreement for the
A. 49% promotion of outbound shipments among
B. 40% small and medium enterprises (SMEs)
leveraging the partners’ expertise and
C. 64% technology products. What is the meaning
D. 75% of “I” in FIEO?
2391. The formal way of lending includes lend- A. Initial
ing from? B. International
A. Private Sector Banks C. Indian
B. Co-operative Banks
D. Increase
C. Public Sector Banks
D. All of the above 2396. Who among the following are the ben-
eficiaries of the RS.Reverse Mortgage
2392. Which of the following is a correct state- Scheme’.?
ment? A. Government Employees
A. Normally no interest is paid on current
B. Senior Citizens
deposit accounts.
C. Unemployed Persons
B. Interest is paid on current accounts at
the same rate as term deposit accounts. D. Persons of BPL Category

264
2397. With reference to Banking what is PCR? 2401. Which of the following banks are part of
A. Profit Credit Ratio the famous SHG-Bank linkage programme
for microfinance in India?
B. Provision Credit Ratio
1. Regional Rural Banks (RRBs)
C. Provision Coverage Ratio 2. Cooperative banks
D. Provision Cash Ratio 3. Commercial banks
Select the correct option from the codes
2398. Many times, we hear about the ‘Bank-
given below:
NARAYAN CHANGDER
ing Ombudsman’. What is/are the major
roles of same? A. 1 and 2 only
1. Banking Ombudsman is a quasi- B. 1 and 3 only
judicial authority having powers to C. 2 and 3 only
summon, the banks and the cus-
tomers both in case of dispute. D. 1, 2 and 3
2. The Banking Ombudsman are ap-
2402. Where is the Head Office of National In-
pointed by the President of India
surance Company Limited (NICL)?
and are retired judges of the High
or Supreme Courts. A. Hyderabad
3. The decisions/judgements given by B. Mumbai
the Banking Ombudsman cannot be
C. Kolkata
taken to any court of justice as their
decisions are last in case of bank re- D. Chennai
lated problems disputes.
2403. What is the tagline of Bajaj Allianz Life
Select the correct answer using the codes Insurance Company Limited?
given below
A. Prithvi, Agni, Jal, Akash, Sabki Surak-
A. Only 1 sha Hamare Paas
B. Only 2 B. Zimmedari ka humsafar
C. Only 3 C. You click, we cover
D. All of these D. Jiyo Befiqar
2399. Which of the following places in India 2404. The bank rate is
does not have a stock Exchange?
A. free to fluctuate according to the
A. Kolkata forces of demand and supply
B. Ahmedabad B. set by the RBI
C. Mumbai
C. set by the RBI is directed by the Union
D. Udaipur Ministry of Finance
2400. Where is the headquarter of LIC? D. set by the RBI as advised by the Indian
Banks Association
A. Kolkata
B. Mumbai 2405. To make KCC a Smart Card cum Debit
Card, Government of India had constituted
C. New Delhi a Working Group under the Chairmanship
D. Chennai of

265
A. C. Ranga Rajan C. A solemn promise or agreement to do

B. Chanda Kocchar or refrain from doing something.
D. A security interest on real property

C. Arundhathi Bhattacharya
grant to a lender.
D. T.M. Bhasin
2410. Bancassurance is
2406. NITI Aayog released comprehensive A. an insurance scheme to insure bank
roadmaps and detailed timelines for its ini- deposits
tiative ‘SATH-E’ project. What does ‘H’
B. an insurance scheme exclusively for
stands for in SATH?
the employees of banks
A. Health C. a composite financial service offering
B. Hospitality both banking and insurance products
C. Homage D. None of these
D. Human 2411. Which of the following are not insured
by the Deposit Insurance and Credit guar-
2407. Which of the following is not the feature antee Corporation (DICGC)?
of Real Time Gross Settlement (RTGS)?
A. Commercial Banks
A. Payments are settled transaction by
B. Local Area Banks
transaction
B. Settlement of funds is revocable.
D. Primary Co-operative Societies
C. Settlement is done in real time.
2412. Who is the present Chairman of In-
D. It is a fully secured system which uses dusInd Bank?
digital signatures and public key encryp-
tion for safe and secure message trans- A. Renu Satti
mission. B. Gopal Chandra
C. R Seshasayee
2408. First 4 characters in the SWIFT code
refers to D. Vijay Shekhar Sharma
A. Bank Code 2413. On July 12, 1982, the ARDC was
merged into
B. Country Code
A. RBI
C. Branch Code
B. NABARD
D. Location Code
C. EXIM Bank
2409. Which of the following defines letter of D. HDFC Bank
credit?
2414. The system of Ad-hoc Treasury Bills in
A. A contractual agreement made be- India was replaced by Ways and Means
tween different parties to compensate for Advances with effect from
any damages or losses.
A. 1st April, 1997
B. It is a letter from a bank, guarantee-
B. 1st April, 1996
ing that a buyer’s payment to a seller will
be received on time and for the correct C. 1st April, 1998 st
amount. D. 1st April, 1995

266
2415. Where is the headquarter of Bharatiya B. Chennai

Reserve Bank Note Mudran Private Lim- C. New Delhi
ited located?
D. Mumbai
A. Chennai
B. New Delhi 2420. Mahesh and Suresh are friends aged 14
and 15 respectively. They want to open a
C. Hyderabad joint account in your bank. You will
D. Bangalore A. allow them to open a joint account to
NARAYAN CHANGDER
be operated jointly
2416. The common feature of all the agricul-
tural credit societies in the country is that B. allow them to open a joint account with
operating instructions either or survivor
A. the persons living in cities and town
are their members C. allow them to open a joint account with
operating instructions former or survivor
B. the agriculturists are their members
D. allow them to open a joint account with
C. only small and marginal farmers are
operating instructions any one or survivor
their members
D. only the farmers having land holding of 2421. Liberalized Exchange Rate Management
8 acre and above are their members System (LERMS) involving dual exchange
rate mechanism was instituted on the rec-
2417. Bharatiya Reserve Bank Note Mudran ommendations of a high level committee.
Private Limited (BRBNMPL) is one of the Who was the head of this committee?
subsidiaries of Reserve Bank of India
A. Dr. C. Rangarajan
which prints banknotes for Reserve Bank
of India. Where is the Corporate Office of B. Urjit Patel
BRBNMPL? C. Nandan Nilekani
A. Bengaluru D. None of the Above
B. Kolkata
2422. The Royal Commission on Indian Cur-
C. Hyderabad rency and Finance was also known as?
D. New Delhi A. Hilton-Young Commission
2418. Factoring Business is also known as by B. Hartog Commission
which of the following names? C. Muddiman Committee
A. Accounts Receivable Factoring D. Buttler Commission
B. Asset Based Lending 2423. UHIS has launched by the Government
C. Invoice Factoring of India is already in existence for persons
D. All of the Above and families below the poverty line with
the element of subsidy from the Govern-
2419. National Housing Bank (NHB), a wholly ment. UHIS stands for
owned subsidiary of Reserve Bank of In- A. Universal Health Insurance System
dia (RBI), was set up on 9 July 1988 un-
der the National Housing Bank Act, 1987. B. Universal Health Insurance Service
Where is the Head Office of NHB? C. Universal Health Insurance Scheme
A. Lucknow D. Universal Health Insurance Solutions

267
2424. Where is the Head Office of Asian De- D. Security and Exchange Board of India
velopment Bank (ADB)? (SEBI)
A. Moscow, Russia

2429. Distribution of insurance products and
B. Manila, Philippines insurance policies by banks as corporate
agents is known as
C. Beijing, China
A. General Insurance
D. Tokyo, Japan
B. Non-life insurance
2425. In which year the ICICI Limited was C. Bancassurance
merged with its subsidiary ICICI Bank?
D. Insurance banking
A. 2002
2430. IBA adopts a consultative approach to
B. 2004 give its views on any issue pertaining to
C. 2005 banking sector. What is the meaning of
D. 1995 “I” in IBA?
A. International
2426. A signed undertaking from one party
B. Institute
containing a promise to pay a stated sum
to a specified person or a company is C. Investment
known as D. Indian
A. Power of Attorney 2431. Which among the following is world’s
B. Promissory Note largest foreign exchange market?
C. Purchasing Power Parity A. New York
D. Plastic Notes B. London
C. Tokyo
2427. Which Bank and Bajaj Allianz General In-
surance have signed an agreement for the D. Moscow
distribution of insurance products through 2432. Which statement correctly describes
the branches? RS.Bridge financing’?
A. Axis Bank A. Finance provided to bridge the gap be-
B. Punjab National Bank tween poor and the rich.
C. Indian Bank B. Bridge financing begins at the end of
the first loan and ends with the start of
D. Bank of Baroda the second loan.
2428. Which of the following organizations is C. Bridge financing ends at the start of
selected by the RBI for issuing globally the first loan and starts with the end of
compatible Legal Entity Identifiers (LEIs)? the second loan.
A. Industrial Credit and Investment Cor- D. Finance provided to bridge the gap be-
poration of India (ICICI) tween Rural and the Urban people.
B. Clearing Corporation of India Ltd 2433. The Narasimham Committee, 1991 has
(CCIL) given which of the following major recom-
C. Housing Development Finance Corpo- mendations?
ration (HDF 1. Reduction in the SLR and CRR.

268
2. Phasing out Directed Credit Pro- 2437. An investor holding paper securities of
gramme. a well known company wishes to sell the
3. The determination of the interest shares in the stock market. He is unable
rate should be on the grounds of to do so. What would you suggest to him?
market forces such as the demand A. Convert the paper securities to dema-
for and the supply of fund. terialized form
4. The actual numbers of public sector
B. Sell it to a stock broker
banks need to be reduced.
NARAYAN CHANGDER
5. Narrow banking concept where C. Open a demat account and credit the
weak banks will be allowed to place shares to this account after dematerializa-
their funds only in short-term and tion
risk free as. D. Wait for the market to improve
Select the correct answer using the codes 2438. Which of the following documents is
given below: mandatory for withdrawal/remittance of
A. 1, 2 and 5 foreign exchange?
B. 1, 3, 4 and 5 A. PAN
C. 1, 2, 3 and 5 B. Aadhar card
D. 1, 2, 3 and 4 C. Passport
2434. Where is the headquarters of World
Bank situated? 2439. The securities that the Banks purchase
A. Paris with the intention of keeping them till they
mature, fall in which of the following cat-
B. Basel egories?
C. Vienna A. Held till maturity
D. Washington D.C. B. Fixed securities
2435. Which of the following correctly define C. Fixed time securities
the Foreign Exchange (Forex) Market? D. Permanent securities
A. It is a market where only Foreign cur- 2440. Which of the following is the eligibility
rency is used. parameters for NBFCs as sponsors of IDF-
B. It is a market where foreign curren- MF?
cies are bought and sold simultaneously. A. The NBFC should have a minimum Net
C. It is a physical market where only for- Owned Funds (NOF) of Rs.300 crore
eigners are allowed. B. Its net NPAs should be less than 3% of
D. None of the Above net advances
C. It should have been in existence for at
2436. In which of the following years, the con-
least 5 years
cept of Micro Finance launched?
D. All of the above
A. 1982
B. 1992 2441. Very often we read in newspa-
pers/magazines about ‘Sovereign Wealth
C. 2002 Funds’. Which of the following is/are the
D. 1972 correct description of the same?

269
1. These are the funds or the reserves 2445. What is the limit of the commission set
of a government or central bank of for Underwriting in India?
a country which are invested further

A. 5% on shares and 2.5% on debentures
to earn profitable returns.
2. These are the funds which were ac- B. 2.5% on shares and 5% on shares
cumulated by some people over the C. 10% on shares and 5% on debentures
years but were not put in active cir-
culation as they retain them as black D. None of the Above
money for several years.
3. The funds which are created to be 2446. Which among the following Bank’s
used as relief funds or bailout pack- tagline is “Good People to Bank With”?
ages. A. Indian Overseas Bank
A. Both 2 and 3 only B. Punjab National Bank
B. Only 2 C. Bank of Maharashtra
C. Only 3 D. Union Bank of India
D. Only 1
2447. Shares of companies notified by SEBI
2442. On the recommendation of which com- can be traded only when these are
mittee Rail Budget was seperated from in form
General Budget in 1924?
A. physical
A. Acworth Committee
B. dematerialised
B. Hilton Young Committee
C. Either A and B
C. Patnayak Economy Committee
D. centralised
D. Brettenwood Committee
2448. The most prominent national level micro
2443. Which of the following are the different
finance apex organisation providing micro
options available to the entrepreneurs for
credit services for women in India is
funding the business?
A. National Credit Fund for women
A. Venture Capital
B. Mahila Samridhi Kosh
B. Angel Financing
C. Invoice Factoring C. Rural Women Self Help Group
D. All of the Above D. All of these
2444. Nearly crore jobs were created in the 2449. The stance of RBI monetary policy is
country in the 10-month period till June A. inflation control with adequate liquid-
this year, as per a Central Statistics Office ity for growth
(CSO) report.
B. improving the credit quality of the
A. 2.4 crore banks
B. 3.5 crore C. strengthening credit delivery mecha-
C. 6.9 crore nism
D. 1.2 crore D. All of the above

270
2450. South Indian Bank has introduced a full- 2455. When does the central Bank increase the
fledged NRI-focused mobile banking appli- minimum statutory cash reserve ratio of
cation called SIB Mirror+ across major mo- the commercial banks?
bile platforms. South Indian Bank based A. When the economy is in deflationary
in condition
A. Thrissur B. When the central Bank aims credit ex-
B. Hyderabad pansion
NARAYAN CHANGDER
C. Jaipur C. When the economy is in recession
D. Chennai D. None of these
2451. Commercial paper issued with low inter- 2456. Which of the following is a pension
est rate thus commercial paper are catego- scheme focused on the workers in the un-
rized as organised sector?
A. payables rating A. SSY
B. commercial rating B. AMRUT
C. poor credit rating C. APY
D. better credit rating D. PMAY
2452. For repayment of loan availed from 2457. How is Capital Adequacy Ratio of banks
Banks NBFC we come across a term known calculated by RBI?
as EMI What does it stand for? A. (Tier 1 Capital + Tier 2 capital + Tier
A. Equated Money Index 3 capital)/Risk weighted assets
B. Easy Money Installment B. (Tier 1 Capital-Tier 2 capital)/Risk
weighted assets
C. Equated Monthly Installment
C. (Tier 1 Capital + Tier 2 capital)/Risk
D. Equal Monthly Installment
weighted assets
2453. As of 2014, the BRICS nations repre- D. None of the above
sent what per cent of the World economy.
2458. Interest rate “Savings deposit” now a
A. 12
days is decided by
B. 15
A. RBI
C. 18
B. SBI
D. 23
C. Respective Banks
2454. The Monetary and Credit Policy of India D. IBA
is the responsibility of which of the follow-
ing? 2459. When there is a difference between all
receipts and expenditure of the Govern-
A. Planning Commission ment of India both capital and revenue it
B. Finance Ministry is called
C. RBI A. Revenue Deficit
D. National Advisory Council B. Budgetary Deficit

271
C. Zero Budgeting 2464. RBI has imposed a penalty of on

D. Trade Gap South Indian Bank for non-compliance with
its directions on Income Recognition and

2460. SIDBI is the principal development fi- Asset Classification (IRAC) norms, KYC
nancial institution in India headquartered norms and treasury function.
in Lucknow with branches all over India. A. Rs 7 crore
What is the meaning of “S” in SIDBI?
B. Rs 5 crore
A. Short
C. Rs 15 crore
B. Scheme
D. Rs 1 crore
C. Securities
2465. What is the maximum amount of SCSS?
D. Small
A. INR 20 lakh
2461. The word “Code Sharing” is most used B. INR 25 lakh
in which of the following industries?
C. INR 30 lakh
A. Information Technology
D. INR 15 lakh
B. Defense Industry
2466. Which of the followings are defined as
C. Nuclear Industry
Negotiable Instruments by Custom (Trade
D. Air Transport Industry Practices)?
2462. Consider the following statements: A. Banker’s Note
1. Regional Rural Banks grant direct B. Share Certificates
loans and advances to marginal C. Share Warrants
farmers and rural artisans. D. All of the above
2. NABARD is responsible for laying
down policies and to oversee the op- 2467. The main function of IMF is to
erations of the RRBs. A. give financial investment loans to de-
3. RRB is not responsible for laying voloping countries
down policies.
B. act as a private sector lending arm of
Which of the statements given above the World Bank
is/are correct?
C. help of solve balance of payment prob-
A. 1 only lems of member countries
B. 2 only D. arrange international deposits from
C. Both 1 and 2 banks
D. Neither 1 nor 2 2468. Bancassurance means
2463. How many banks are presently asso- A. Distribution of Insurance policies both
ciates of State Bank of India? life and non-life, by banks as corporate
agents through their branches.
A. 8
B. Assurance given by banks to its cus-
B. 7 tomers.
C. 6 C. Life policy issued to the bank on the
D. 5 life of their staff

272
D. Assurance given to bank by general in- A. New Delhi

surance companies for insuring assets of B. Bhopal
the banks.
C. Pune
2469. The premium of how much amount per D. Mumbai
annum is to be deducted from the account
holder’s bank account through ‘auto-debit’ 2474. Many a time we read a term ‘SEPA’ in fi-
facility in one installment under Pradhan nancial newspapers. What is the full form
Mantri Suraksha Bima Yojana? of the term? [UBI 2009]
NARAYAN CHANGDER
A. Rs. 365 per annum A. Single Exchange Processing Agency
B. Rs. 110 per annum B. Single Euro Payments Area
C. Rs. 12 per annum C. Single Electronic Processing Agency
D. Rs. 330 per annum D. Super Electronic Purchase Agency

2475. EPFO has hiked interest rate on employ-
2470. Which of the following Institute was es-
ees’ provident fund to from 8.55% for
tablished in 1969 by the Reserve Bank of
the 2018-19 fiscal year.
India, in consultation with the Government
of India, as an autonomous apex institu- A. 8.80%
tion for research, training, education and B. 8.70%
consultancy in bank management?
C. 8.75%
A. Bankers Training College, Bombay
D. 8.65%
B. College of Agricultural Banking, Pune
2476. As we know, a lot of new concepts are
C. NIBM being used in the field of banking these
D. All of the above days. Which of the following is NOT one
such concept/product directly associated
2471. Whose signature is found on a 50 rupee with banks?
currency note in India?
A. F-payment
A. President of India
B. SMS Alert
B. Governor, RBI
C. ATM/Debit Card
C. Finance Minister
D. Number Portability
D. Prime Minister of India
2477. Global Rating agency Fitch has an-
2472. Loans and advances a bank, provides nounced that ICICI Bank and Axis Bank
come under which of the following cate- have inequalities in their risk control mech-
gory? anisms and has revised down its outlook
on the latter to negative on sour assets
A. Assets
worries. Where is the headquarters of
B. Liabilities Fitch?
C. Costs A. London
D. All of these B. New York
2473. Head office of Bank of Maharashtra is C. Paris
located at D. Both A and B

273
2478. Which of the following is/are called key 2482. FATF is an inter-governmental body es-
Policy rates by the Reserve Bank of India? tablished in by the Ministers of its Mem-
1. Bank rate ber jurisdictions.

2. Repo Rate, Reverse repo rate A. 1999
3. CRR, SLR B. 1976
A. Only 1 C. 1982
B. Only 2 D. 1989
C. Only 1 & 2
2483. Who can become an authorised BBPOU
D. All the above. under BBPS?
2479. Which of the following organiza- A. Banks
tions/agencies works solely to monitor B. Non-Bank entities
and arrange flow of agriculture credit in
C. Both Banks and Non-Bank entities
India?
A. NABARD
B. SIDBI 2484. In which year IMPS was launched by
Smt. Shyamala Gopinath?
C. RBI
A. 2014
D. SEBI
B. 2006
2480. The CBDT announced that no withhold-
C. 2012
ing tax will apply on interest payments
made by an Indian company or a business D. 2010
trust to a non-resident in respect of off-
2485. How many banks are there in public sec-
shore rupee-denominated bonds issued be-
tor at present?
tween September 17, 2018 and March 31,
2019. Who is the chairman of CBDT? A. 28
A. Prem Kumar Sinha B. 27
B. Subhash Chandra Khuntia C. 19
C. TS Vijayan D. 20
D. Sushil Chandra 2486. Which of the following is/are the major
concepts visible in today’s banking indus-
2481. What is the currency deposit ratio try in India?
(CDR)?
1. Risk-based management
A. ratio of money held by the public in cur- 2. Growing competition
rency to that of money held in bank de- 3. IT initiatives
posits
B. ratio of money held by public in bank given below:
deposits to that of money held by public in
currency A. Only 1
C. ratio of money held in demand drafts B. Only 2
to that of money held in treasury bonds C. Only 3
D. none of the above D. All of these

274
2487. A company based IDF is regulated by C. Ravi Shankar Menon

which of the following? D. Raghuram Rajan
A. SEBI
2493. Which of the following types of cards is
B. RBI free from credit risk?
C. SBI A. Credit card
D. None of the above B. Debit Card
C. Charge Cards
NARAYAN CHANGDER
2488. ‘A customer is a person who maintains
an account with a Bank’ This definition of D. All of the above
the customer is as per 2494. Who headed the committee to evalu-
A. Banking Regulation Act, 1949 ate the license applications for Payment
B. Negotiable Instrument Act, 1881 banks?
A. C Rangarajan
C. RBI Act, 1934
B. Usha Thorat
D. KYC guidelines of RBI
C. Nachiket Mor
2489. Which of these RRB is not sponsored by D. B S Mehta
State bank of India?
2495. POSCO is in the process of establishing
A. Saurashtra Grameen Bank
its plants in India. What does the letter
B. Utkal Grameen Bank ‘P’ denote in the name POSCO?
C. Uttarakhand Grameen Bank A. Popular
D. Punjab Grameen Bank B. Pallin
C. Pohang
2490. Who is the first President of NDB?
D. Paradeep
A. Rakesh Sethi
2496. Banks generally borrow funds from
B. KV Kamath
which of the following money markets to
C. Arun Jaitley meet the mandatory Cash Reserve Ratio
D. Raghuram Rajan (CRR) and Statutory Liquidity Ratio (SLR)
requirements as stipulated by the Central
2491. Direct Benefit Transfer or DBT beneficia- bank?
ries can withdraw money through which of A. Notice Money Market
the following servies?
B. Call Money Market
A. Micro-ATMs
C. Bill Market
B. Aadhar Enabled Payment System
D. Money Market
C. BHIM Aadhar Pay
2497. Economic Survey sees average crude oil
D. All of the above prices rising in FY 2019.
2492. Who was the chairman of the first A. 30%
Banks Board Bureau? B. 24%
A. Vinod Rai C. 42%
B. Usha Mehta D. 12%

275
2498. In case of a debt taken by a married B. Rs 36, 23, 500 crore

woman, her husband will be liable for debt C. Rs 27, 84, 200 crore
only if the debt is taken

D. Rs 24, 13, 800 crore
A. with his consent or authority
B. for the supply of necessaries of life to 2503. Which of the following certainly is an ef-
the wife, in case the husband defaults in fort in the direction of Financial Inclusion?
supplying the same to her A. Internet Banking
C. Both A and B B. Anywhere Banking
D. Either A or B C. No-frills Accounts
2499. There is frequent reference to CDR D. Foreign Currency Accounts
when nonperforming accounts of banks are
2504. What is the maximum period for which
discussed. What is the full form of CDR?
a term deposit can be normally opened?
A. Corporate Default Regulations
A. 8 years
B. Corporate Debt Restructuring
B. 7 years
C. Corporate Debt Regulations
C. 9 years
D. Civil Debt Regulations
D. 10 years
2505. How many Local Area banks exist at
about the money market is/are true?
present?
A. Not all commercial banks deal for their
A. 10
customers in the secondary market
B. 4
B. Money markets are used extensively
by businesses both to warehouse, surplus C. 7
funds and to raise short-term funds D. 34
C. The single most influential participant
in the US money market is the US Treasury 2506. In 3rd Bi-monthly Policy Statement,
Department RBI’s monetary policy committee (MPC)
raised policy rates by 25 basis points to
D. Both A and B 6.5% on account of inflationary pressures
arising due to hike in minimum support
2501. Which scheme has announced in Interim
price. What is the Bank rate at present
Budget 2019-20 to provide pensionary
(As on 02nd August 2018)?
benefits to at least 10 crore labourers and
workers in the unorganised sector? A. 6.25%
A. Integrated Child Development Scheme B. 6.75%
B. Pradhan Mantri Shram Yogi Mandhan C. 6.55%
C. Pradhan Mantri Kisan Samman Nidhi D. 6.00%
D. Pradhan Mantri Gram Sadak Yojana 2507. Name the person, who has been ap-
2502. The Interim Budget for 2019-20 puts to- pointed as CEO and MD of Allahabad Bank.
tal expenditure at A. Ashok Kumar Pradhan
A. Rs 47, 12, 700 crore B. Atul Kumar Goel

276
C. S Harisankar financial/investment institutions, commer-

D. SS Mallikarajuna Rao cial banks and financial services compa-
nies as an independent and professional
2508. National Institute of Bank Manage- Investment Information and Credit Rating
ment (NIBM) was established in by the Agency.
Reserve Bank of India, in consultation A. 2004
with the Government of India, as an au-
tonomous apex institution for research, B. 1999
NARAYAN CHANGDER
training, education and consultancy in bank C. 1995
management. D. 1991
A. 1979
2513. Which among the following NBFC are
B. 1949 not excluded from the Ombudsman scheme
C. 1969 for NBFC?
D. 1959 A. Deposit accepting NBFCs
B. NBFC-IFC
2509. The FATF is an inter-governmental body.
FATF stands for C. Core Investment Company
A. Financial Action Task Forum D. IDF-NBFC
B. Financial Action Task Fund 2514. EEFC is an account maintained in foreign
C. Financial Action Time Force currency with an Authorised Dealer Cate-
gory. EEFC stands for
D. Financial Action Task Force
A. Exchange Effective’ Foreign Cash Ac-
2510. The balance of trade is given by count
A. income receipts minus income pay- B. Exchange Earners’ Financial Currency
ments on investments Account
B. the balance of unilateral transfers C. Exchange Earners’ Foreign Core
C. merchandise exports plus service ex- Amount
ports minus the sum of merchandise and D. Exchange Earners’ Foreign Currency
service imports Account
D. the balance on current account
2515. Financial inclusion is a major initiative of
2511. India Banking Conclave 2018 was held RBI. Which of the following is promoting
in which was organized by Centre for this initiative?
Economic Policy Research (CEPR). A. Waiver of agricultural loans
A. Mumbai B. Observing KYC norms strictly
B. Pune C. Appointment of business correspon-
C. Chennai dents
D. New Delhi D. Opening of more and more ATMs
2512. ICRA Limited (formerly Investment In- 2516. In which year, Paper Currency Act was
formation and Credit Rating Agency of In- enacted by British Government of India?
dia Limited) was set up in by leading A. 1850

277
B. 1861 2521. Reserve Bank of India and have

signed a Bilateral Swap Arrangement
C. 1870
(BSA) and the BSA was negotiated be-

D. 1858 tween India and Japan during the visit of
Prime Minister Narendra Modi to Tokyo in
2517. Where is the Headquarters of IFAD? October 2018.
A. Rome, Italy A. Sumitomo Mitsui Financial Group
B. New York, USA B. Japan Post Bank
C. Vienna, Austria C. Bank of Japan
D. Paris, France D. Mizuho Financial Group
2518. The foreign shareholding in the small fi- 2522. What is the interest rate of Sukanya
nance bank would be as per the FDI policy Samriddhi Accounts as on 01st January
for as amended from time to time. 2018?
A. Private Sector Banks A. 8.5% Per Annum
B. Public Sector Banks B. 8.3% Per Annum
C. Foreign Sector Banks C. 8.1% Per Annum
D. Regional Rural Banks D. 8.7% Per Annum
2519. Private sector lender has received 2523. The earliest efforts in the direction of
the Reserve Bank of India’s (RBI) approval setting up special land mortgage banks
to open two representative offices in Lon- were made in
don and Singapore recently.
A. WestBengal when thefirst Co-
A. HDFC Bank operative Land Mortgage Bank was or-
B. Axis Bank ganised in 24 Parganas in 1884
C. Bandhan Bank B. In Punjab when the first Co-operative

Land Mortgage Bank was organised in
D. Yes Bank Jhang in 1920
2520. From the given options, bring out the C. Orissa when the first Co-operative
one which is not a function/power of Re- Land Mortgage Bank was organised in
serve Bank of India? Jhang in 1834
A. To assume the responsibility meeting D. All of these

directly or indirectly all reasonable de-
mands for accommodation 2524. Public Credit Registry will have data
loans granted by which of the following
B. To hold cash reserves of the commer- institutions?
cial banks and make available financial ac-
A. NBFC
commodation to them
B. MFI
C. To enjoy monopoly of the note issue
C. Loans form Domestic Market
D. To assume responsibility of all banking
operations of the government D. All of the above

278
2525. Asian Development Bank (ADB) recently 2530. The rate at which Banks borrow money
approved$ 240 million loan for providing from the Reserve Bank is called
safe and sustainable drinking water to
A. Repo rate
about 1.65 million people of which of the
following state? B. Reverse repo rate
A. Uttarakhand C. Bank rate
B. Odisha D. Base rate
NARAYAN CHANGDER
C. Bihar
2531. Average Financial Year 201-18 CPI in-
D. West Bengal flation seen at
2526. A loan granted for short-term crops will A. 3.3 per cent
be treated as NPA, if the instalment of B. 3.7 per cent
principal or interest thereon or both re-
main overdue for crop season(s). C. 3.9 per cent
A. one D. 3.5 per cent

B. two 2532. When more than one bank is allowing
C. three credit facilities to one party in coordination
with each other under a formal arrange-
D. four
ment, the arrangement is generally known
2527. Which of the following is another name as
for Bank of Sweden Prize? A. Consortium
A. Noble Prize for Literature B. Syndication
B. Noble Prize for Peace
C. Multiple Banking
C. Man Booker Prize
D. Participation
D. None of these
2533. When did the Banking Regulation Act,
2528. Many a time we read in the newspapers 1949 become applicable to the state of
that RBI has changed or revised a particu- Jammu & Kashmir?
lar ratio/rate by a few basis points. What
is basis point? A. 1949
A. Ten percent of one-hundredth point B. 1970
B. One hundredth of 1% C. 1956
C. One hundredth of 10% D. 1966
D. Ten per cent of 1000 2534. Every block in the country with 50%
2529. Which one of the following dominate the tribal people will have a school under
organized sector? which government Scheme?
A. PNB A. Arjun scheme
B. Commercial Bank B. Bhim scheme
C. Co-operative Bank C. Ram scheme
D. RRBs D. Eklavya scheme

279
2535. The provisions contained in section 138 2539. At what% of GDP at current market
of the negotiable instruments act 1881 prices, the Reserve Bank of India, in con-
shall sultation with the government, has de-

cided to have a rule-based dynamic limit
A. be attracted whether the cheques is
for outstanding stock of External Commer-
ante-dated or post-dated provided it is
cial Borrowings (ECB)?
presented within 3 months of the date
of cheques or the period of validity, A. 7.50%
whichever, is earlier B. 6.5%
B. not be attracted if the cheques is ante- C. 3.30%
dated D. 4.50%
C. not be attracted if the cheques is post-
2540. How many types of PSLCs can be issued
dated
by the Banks?
D. All of the above A. Four
2536. EFTPOS is a technology that makes it B. Five
possible for retailers to directly receive C. Six
funds from a customer’s bank account via
D. Eight
their debit card. What is the meaning of
“T” in EFTPOS? 2541. The Reserve Bank of India has directed
A. Trusty all the banks to ensure that the names
of their customers, individuals or corpo-
B. Transfer rates, do not appear in any list published
C. Technology by the Security Council Committee. This
act/directive of the RBI is to ensure which
D. Treaty of the following?
A. To ensure that the bank loans/advances
2537. Which of the following are the chacter-
taken by the individuals/organizations are
istics of a Mortgage Loan?
used only in those activities for which they
A. It is secured against, immovable or are taken.
fixed property. B. To ensure that money deposited in the
B. It is a long-term loan in nature. bank has not come from unknown and
unauthorized sources
C. It is repaid in small monthly install-
ments along with interest C. To ensure that no one visits a foreign
nation for any illegal activity by purchas-
D. All of the Above ing foreign currency from a bank
2538. Which of the following is not a service D. To ensure that Indians do not go to a
Offered by AEPS? nation where they are being targeted for
racial discrimination
A. Cash Withdrawal
2542. The KFW Development Bank is a state-
B. Balance Enquiry owned Bank based in
C. Mini Statement A. Germany
D. Cannot Deposit cash B. France

280
C. USA 2547. A significant decrease in the demand for

D. Singapore loans will force Banks to
A. Adjust their portfolios
2543. The market in which long-term securi-
ties such as stocks and bonds are bought B. Sell securities to the central Bank
and sold is commonly known as C. Resort to borrowings
A. Bullion Market D. Raise the prime lending rate
B. Capital Market 2548. Government securities are considered
NARAYAN CHANGDER
C. Bull Market liquid because they are .
D. Money Market A. Backed by the government treasury .
B. Convertible into the other types of sav-
2544. Which one among the following has not
ing deposits
started commercial banking?
C. Stable in value
A. ICICI
D. Quickly & easily Marketable
B. SIDBI
C. IDBI 2549. The General Insurance Council has been
constituted under section 64C of the Insur-
D. UTI
ance Act, 1938 by
2545. Goods and Services Tax (GST), would re- A. IRDAI
place which of the following tax/taxes?
1. Income Tax
C. Finance Ministry
2. Corporate Tax
3. Value Added Tax (VAT) D. NABARD
A. Only 1 2550. “Micro Credit” means
B. Only 2 1. Loans of small amounts to people in
C. Only 3 unorganized sector
2. Loans to Self Help Groups
D. All the above
3. Loans amounting Rs 50 lakhs to Rs
2546. Which of the following is/are the func- 5 crores to Medium and Small Indus-
tions of foreign banks? trial Units
1. Remitting money from one country A. Only 1
to another country. B. Only 2
2. Discounting of foreign bills. C. Only 1 and 2
3. Buying and selling gold and silver.
4. Helping import and export trade. D. All the above
Select the correct answer using the codes 2551. Which of the following institutions is re-
given below: sponsible for the supervision of RRBs?
A. 1 and 2 A. RBI
B. 2 and 3 B. SEBI
C. 3 and 4 C. NABARD
D. All of these D. Both (a) and (c)

281
2552. Stock exchange securities do not 2557. When did Payment and Settlement Sys-
include tems Act, 2007 (PSS Act, 2007) came into
force?

A. Debentures of companies
B. Small debentures issued by port trusts A. 12th August 2008
B. 12th September 2008
C. Government promissory note
C. 12th August 2009
D. Participation certificates
D. 12th December 2007
2553. The concept of insuring deposits kept
with banks received attention for the first 2558. is a financial cover for a contingency
time in the year after the banking crises linked with human life, like death, disabil-
in Bengal. ity, accident, retirement etc.
A. 1941 A. Health Insurance
B. 1933 B. Life Insurance
C. 1961 C. Motor Insurance
D. 1948 D. Travel Insurance

2559. RBI’s open market operation transac-
2554. The Nikkei index belongs to which of the
tions are carried out with a view to reg-
following stock exchanges?
ulate
A. Tokyo
A. liquidity in the economy
B. Beijing
B. prices of essential commodities confla-
C. New York tion
D. Bangkok C. borrowing power of the banks
2555. Security Printing and Minting Corpora- D. All of the above
tion of India Limited (SPMCIL) was formed 2560. Sukanya Samriddhi Accounts can be
after corporatisation of nine units includ- closed after completion of
ing four mints, four presses and one paper
mill which were earlier functioning under A. 21 years
the Ministry of Finance. The Company was B. 25 years
incorporated on C. 18 years
A. 13th January 2006 D. 10 years
B. 01st April 2002
2561. SWIFT is a network for banks to ex-
C. 18th March 2004 change information. What is the expanded
D. 02nd October 2008 form?
A. Safe window for international transac-
2556. Who amongst the following is the Chair-
tions
man of the 13th Finance Commission?
B. Secured worldwide international
A. Bimal Jalan
transactions
B. Y V Reddy C. Society for worldwide interbank finan-
C. C Rangarajan cial telecommunications
D. Vijay Kelkar D. All of the above

282
2562. Intervenes in markets to maintain the 2567. The foreign shareholding in the pay-
external value of the Indian rupee ments bank would be as per the FDI policy
for private sector banks as amended from
A. Exporters
time to time. FDI stands for
B. Importers A. Foreign Direct Initial
C. RBI B. Foreign Direct International
D. IMF C. Foreign Direct Investment
NARAYAN CHANGDER
D. Foreign Direct Installment
2563. NHAI has mandated implementation of
the NETC program for all national high- 2568. Banks need liquidity to meet which of
ways. NETC stands for the following objectives of banking?
A. National Electronic Toll Collection 1. To meet deposit withdrawal
2. To fund loan demands
B. National Electronic Toll Connector
3. To maintain public confidence
C. National Electronic Timing Collection A. Only 1
D. National Electronic Transport Collec- B. Only 2
tion
C. Only 3
2564. Which of the following is not a function D. Only 1 and 2
of commercial bank?
2569. Name the Bank, which has announced a
A. Providing project finance new partnership to offer CSB’s customers
online trading and demat services with
B. Selling mutual funds
Celebrus Capital Limited?
C. Deciding policy rates like CRR, Repo A. Bandhan Bank
rates/SLR etc.
B. Catholic Syrian Bank Ltd
D. Settlement of payments on behalf of
C. Dhanlaxmi Bank
the customers
D. Federal Bank
2565. Who is the first Governor of RBI?
2570. Coins are minted in mints owned by
A. C.D.Deshmukh the Government of India.
B. James Braid Taylor A. two
C. Osborne Smith B. four
D. Raghuram Rajan C. three

D. six
2566. The Head Office of the National Bank
for Agriculture & Rural Development 2571. The short term loans given to the farm-
(NABARD) is located in ers are the loans given normally for a pe-
riod of
A. New Delhi
A. three months
B. Hyderabad B. six months
C. Mumbai C. nine months
D. Lucknow D. one year

283
2572. What is the minimum amount of deposit 2577. India and Sri Lanka has signed two MoU
into/withdrawal from currency chest? for construction of 1200 houses through
50 model villages, using Indian grant as-

A. Rs.5, 00, 000
sistance of Srilankan rupees.
B. Rs.1, 50, 000
A. 200 crore
C. Rs.2, 00, 000
B. 150 crore
D. Rs.1, 00, 000 C. 90 crore
2573. As per the amendment, the pecuniary D. 60 crore
jurisdiction of the Banking Ombudsman
2578. Which of the following is/are known as
to pass an award has been doubled
banker’s bank?
to rupees.
A. SBI
A. 20 lakh rupees
B. NABARD
B. 10 lakh rupees
C. RBI
C. 25 lakh rupees
D. All of these
D. 50 lakh rupees
2579. The Department of Industrial Policy and
2574. TDS threshold on interest earned on Promotion (DIPP) in the Ministry of Com-
bank/post office deposits is being raised merce and Industry and the Government of
from Rs. 10, 000 to——–? Goa, hosted the annual Startup India Ven-
ture Capital Summit in Goa. What is the
A. Rs.70, 000
theme of this summit?
B. Rs.90, 000
A. India Opportunity, Increase Capital
C. Rs.30, 000 Flow
D. Rs.40, 000 B. Showcased the Indian Startup Oppor-
tunity For Funds from Around the World
2575. Which of the following rating agencies
C. Indian Startups and Further Promote
is best suited for MSME Ratings?
Ease of Doing Business
A. CRISIL
D. Mobilizing Global Capital for Innova-
B. CIBIL tion in India
C. SMERA 2580. Which of the following in not the
D. ICRA method of measuring National Income?
A. Product method
2576. If a credit card is lost, the card member
should call up the Customer Helpline num- B. Income Method
ber and he says his request for deactivat- C. Consumption Method
ing the card. This is called D. Production method
A. Hotlisting
2581. Bharat QR Code (BQR) is P2M Mobile
B. Crosslisting payment solution. P2M stands for
C. Shortlisting A. Person to Merchant
D. Blocklisting B. People to Merchant

284
C. Product to Merchant C. CRR

D. Personal to Merchant D. Net Demand and Time Liability
2582. In India, which of the following have the 2587. GDP at factor cost is
highest share in the disbursement of credit
to agriculture and allied activities? A. GDP minus indirect taxes plus subsi-
dies
A. Commercial Banks
B. GNP minus depreciation allowance
B. Co-operative Banks
NARAYAN CHANGDER
C. Regional Rural Banks C. NNP plus depreciation allowance
D. Microfinance Institutions D. GDP minus subsidies plus indirect

taxes
2583. United India Insurance Company Limited
was incorporated as a Company on 2588. During which of the following plan pe-
A. 10th February 1956 riod annual growth rate of G.D.P. was reg-
istered as 3.6%?
A. First five year plan
C. 26th February 1949
B. Second five year plan
D. 18th February 1938
C. Fourth five year plan
2584. How much crore has been allocated
for Pradhan Mantri Shram Yogi Mandhan D. Fifth five year plan
scheme in Interim Budget 2019-20?
2589. Which of the following bodies regulates
A. Rs.1000 crore the Regional Rural Banks?
B. Rs.1500 crore
A. Union Government
C. Rs.100 crore
B. SBI
D. Rs.500 crore
C. RBI
2585. Which of the following is known as Plas- D. NABARD
tic Money?
1. Demand Draft 2590. The ISIN standard is used worldwide to
2. Credit Card identify specific securities such as bonds,
3. Debit Card stocks (common and preferred), futures,
A. Only 1 warrant, rights, trusts, commercial paper
and options. ISIN stands for
B. Only 2
A. Indian Securities Identification Num-
C. Only 3 ber
D. Both 2 and 3
B. International System Identification
2586. The ratio of the Cash Reserves that the Number
banks are required to keep with the RBI is C. International Securities Interface
known as Number
A. Liquidity Ratio D. International Securities Identification
B. SLR Number

285
2591. The merchant banking activity in India is 2596. Who is the chairperson of the Monetary
governed by Policy committee of India?

A. SEBI A. Finance Minister
B. RBI B. Prime Minister
C. IRDA C. RBI Governor
D. All of these D. Chief Economic Advisor
2597. Which of the following is a measure

2592. is a term which is private wrong
taken by Reserve Bank of India to control
against a person for which the injured per-
inflation in our country?
son may recover damages, i.e. monetary
compensation in insurance sector. A. Raising of Repo /Reverse Repo Rate
A. Premium B. Increase in CRR
B. Tort C. Increase in SLR
C. Loss D. Contraction of supply of currency
D. Agency 2598. What do we call a loan which remains

NPA for a period less than or equal to 12
2593. What GDP growth rate range for 2014- months?
15 was estimated in the Economic Survey
A. Doubtful asset
2013-14, which was tabled recently in the
Lok Sabha? B. Sub-standard Asset
A. 5.3 to 5.9% C. Loss
B. 5.2 to 5.7% D. None of the above
C. 5.4 to 5.9% 2599. Which of the following banks has

opened the country’s first “Cash Factory”
D. 5.1 to 5.9%
in Lucknow which will issue currency notes
2594. NABARD was set up with an initial cap- to all its branches and ATM in the area?
ital of (Andhara Bank 2009)
A. Rs 200 crore A. Bank of India

B. Bank of Baroda
B. Rs 1500 crore
C. Rs 500 crore
D. Union Bank of India
D. Rs 100 crore
2600. PPF account is a safe investment option
2595. Which Act was framed specially to deal with attractive interest rates and returns
with Non-Performing Assets(NPA)? that are fully exempted from Income Tax.
A. Banking Regulation Act 1949 PPF stands for
B. Foreign Exchange Management A. Public Provident Follow
Act(FEMA) 1999 B. Public Provident Firm
C. Industrial Disputes Act 1947 C. Public Provident Fund
D. SARFAESI Act, 2002 D. Public Personal Fund

286
2601. HDFC Mutual Fund is one of the leading 2606. PAN is a digit alphanumeric number,
mutual fund investment companies in India. issued in the form of a laminated card, by
It is based in the Income Tax Department, to any “per-
A. Mumbai son” who applies for it or to whom the
department allows the number.
B. New Delhi
A. 13
C. Ahmedabad
D. Chennai B. 9
NARAYAN CHANGDER
2602. Which of the following is NOT a Public C. 12
Sector Unit/Undertaking/Agency? D. 10
A. ECGC
B. SEBI 2607. Many a time we read about the priority
sector in newspapers. Which of the follow-
C. SIDBI
ing is/are considered segment(s) of Prior-
D. Axis Bank ity Sector in India? [Punjab & Sindh 2011]
2603. India’s internal trade in goods and ser- 1. Agriculture
vices (excludes non-GST goods and ser- 2. Small Scale Industry
vices) is actually even higher and is 3. Textile Industry
about of GDP.
A. Only 1
A. 20%
B. Only 2
B. 30%
C. 40% C. Only 3
D. 60% Show Answer D. None of these
2604. The Income Tax Department has clari-

2608. Which payment settlements happen in
fied that the cash sales of agricultural pro-
batches?
duce by a cultivator to a trader for less
than 2 lakh rupees will not attract tax un- A. RTGS
der the Income Tax Act. Who is present
Chairman of Central Board of Direct Taxes B. NEFT
(CBDT)? C. MTSS
A. Ashwani Lohani
D. AEPS
B. Sushil Chandra
C. Ajay Tyagi 2609. The Catholic Syrian Bank Limited is an
D. Rajeev Kumar Indian private sector bank with its head-
quarters in
2605. What is OTP in credit card transaction?
A. Karur
A. Odd Transaction Password
B. Thrissur
B. Owner is Trading Pass code
C. One Time Password C. Kochin
D. One Time Pincode D. Thiruvananthapuram

287
2610. CII has announced that it expects India’s B. State Bank of India
gross domestic product (GDP) to grow at C. Axis Bank
7.3-7.7% during the 2018-19 financial

year. CII stands for D. Bank of Baroda
A. Confederation of Indian Industry 2615. What is the Minimum amount limit
B. Corporation of Indian Industry through NEFT?
C. Confederation of International Indus- A. Rs 1 lakh
try B. Rs 3 lakh
D. Confederation of Indian Institute C. No limit
2611. Pradhan Mantri Shram Yogi Mandhan is D. Rs 2 lakh
a scheme launched by union government
2616. Which of the following bank was con-
which provides an assured monthly pen-
ferred with SKOCH Award in ‘Banking and
sion for workers in the unorganised sector
Finance (B & F) Silver Category’?
who earn up to Rs. per month.
A. J & K Bank
A. Rs 25, 000
B. UCO Bank
B. Rs 5, 000
C. Rs 20, 000
D. IndusInd Bank
D. Rs 15, 000
2617. Which of the following is an apex insti-
2612. Who amongst the following Padma
tution in the field of Industrial Finance?
Bhushan awardees is a famous banker?
A. Industrial Reconstruction Bank of In-
A. Azim H Premji
dia
B. Kapila Vatsyayan
B. Industrial Finance Corporation of In-
C. Chanda Kochar dia
D. Waheeda Rehman C. Industrial Development Bank of India
2613. A is the person named in money or- D. Industrial Credit & Investment Corpo-
der as the person to whom the money is ration of India
to be paid.
2618. is a deposit of money that has a
A. payee fixed time and pays higher interest than
B. drawer a Saving Bank Account.
C. banker A. Fixed Deposit Account
D. drawee B. Savings Bank Account
C. Current Account
2614. Which of the following bank has signed
a Memorandum of Understanding (MoU) D. All of the above
with Small Business FinCredit India Private
Limited (SBFC) to jointly provide credit 2619. Which of the following methods can be
worth up to Rs 1 crore to MSMEs for a used to send money over UPI?
tenure of 15 years? A. Mobile number
A. ICICI Bank B. VPA

288
C. Bank Account Number best opportunity for Chinese investors due

D. All of the above to the prospects of double-digit growth.
A. Industrial and Commercial Bank of
2620. What happens to corporate bond with a China
fixed interest rate, if interest rates in na-
tion increase? B. Huaxia Bank
A. decrease in value C. China Construction Bank
B. Be returned to corporation D. Agricultural Bank of China
NARAYAN CHANGDER
C. remain unchanged 2625. Insurance companies in India are regu-
D. increase in value lated by
2621. How much amount has been allocated A. AMFI

for Integrated Child Development Scheme B. IRDA
(ICDS) in budget 2019-20?
C. SEBI
A. Rs.10, 100 crore
D. RBI
B. Rs.27, 584 crore
C. Rs.15, 300 crore 2626. is raised in capital markets.
D. Rs.31, 600 crore A. Funds through long term securities
B. Long term loans through Govt. securi-
2622. Which committee has appointed by mar-
ties
ket regulator SEBI to make the extant
insider trading regulations foolproof has C. Medium term loans
ironically ended up making suggestions D. Short-term instruments
that could have the effect of letting insider
off the hook? 2627. The Reserve Bank of India is India’s cen-
A. Justice Jain committee tral banking institution, which controls the
monetary policy of the Indian rupee. It
B. Justice Thakur committee commenced its operations on
C. Justice Kabir committee
A. 01st April 1934
D. Justice Sodhi committee
B. 01st April 1937
2623. Which of the following is not a function C. 01st April 1935
of the Reserve Bank of India?
D. 01st April 1936
A. Fiscal policy functions
B. Exchange control functions 2628. The financial results of banks and other
organisations normally are expressed in
C. Insurance, exchange and destruction quarters. What does Q − 1 mean?
of currency notes
A. Results of January-March
D. Monetary authority functions
B. Performance during April-June
2624. Name the China Based Bank, which
C. Profits during July-September
launched the country’s first India-
dedicated publicly offered investment D. The period when the profits are high-
fund, saying the Indian market offers the est

289
2629. World Economic Situation and Prospects 2634. As per the Reserve Bank of India (RBI),
Report is associated with: the economic conditions in India are not yet
suitable for full convertibility of Rupee. At

A. IMF
present Rupee is convertible at which of
B. World Bank the following accounts?
C. United Nations 1. Fully at Capital Account
D. WTO 2. Fully at Current Account
3. Partially at Trade Account
2630. Which of the following is India’s one of
A. Only 1
the major Microfinance Institution?
B. Only 2
A. Grameen
C. Only 3
B. Bantra
D. Only 1 & (3)
C. Brae
D. Spandana 2635. Retirement fund body EPFO has reduced
the interest rate on deposits to 8.55% for
2631. Which among the following Banks has 2017-18 from 8.65% for 2016-17. What
announced the acquisition of Snapdeal- is the meaning of “F” in EPFO?
owned mobile payments provider
Freecharge in an all-cash deal worth A. Fresh
Rs385 crore? B. Following
A. Bandhan Bank C. Financial
B. Kotak Mahindra Bank D. Fund
C. HDFC Bank
2636. Which among the following finance com-
D. Axis Bank panies has received RBI approvals to set
up a minimum of 9, 000 white label ATMs
2632. Under which section of Insurance act
(WLAs) in the next three years in rural In-
1938, the Amalgamation and Transfer of
dia?
Insurance Business came?
A. CMS Finvest Ltd.
A. section 23
B. section 35 B. SREI Infrastructure Finance Ltd.
C. section 40 C. Reliance Capital Ltd.
D. section 32 D. Tokyo Finance Ltd.
2633. Which of the following is NOT associ- 2637. The government will take steps to boost
ated with climate change and/or global exports of agriculture commodities which
warming? have the potential of reaching billion.
A. Basel norms A. $ 100 billion
B. Bali Meet 2007 B. $ 500 billion
C. Copenhagen Conference C. $ 200 billion
D. Kyoto Protocol D. $ 700 billion

290
2638. Which organisation developed BHIM Ap- 2643. Who has been appointed as MD and CEO
plication? of Dena Bank?
A. SBI A. Pallav Mohapatra
B. RBI B. Mrutyunjay Mahapatra
C. NPCI C. Padmaja Chundru
D. SEBI D. Karnam Sekar
2644. Telebanking service is based on
NARAYAN CHANGDER
2639. Pallav Mohapatra is appointed as MD
and CEO of A. virtual banking
A. Central Bank of India B. online banking
B. Andhra Bank C. voice banking

D. core banking
C. Dena Bank
D. Syndicate Bank 2645. Which of the following is the first Re-
gional Rural Bank of India?
2640. Moral Suasion is A. AP Grameena vikas Bank
A. A term descriptive of corrupt practices B. Chaitanya Godavari
of many banks
C. Andhra Pragathi
B. A term applied to banks that are con-
D. Prathama Bank
servative in their banking practices
C. Persuasion of banks to adhere to cen- 2646. The Securities and Exchange Board of In-
tral bank desires dia (SEBI) is the regulator for the securities
market in India. Who is present Chairman
D. It denotes conduct or character that is of SEBI?
bad and vice
A. HK Bhanwala
2641. A type of cheque which is more than six B. RS Sharma
months old is a
C. TS Vijayan
A. Mutilated cheque
D. Ajay Tyagi
B. Crossed cheque
2647. In India, forex rates are determined by
C. Stale cheque
A. Exporters
D. Post-dated cheque
B. Demand and supply forces
2642. US buyout giant KKR & Co has become C. Importers
the first foreign investor to fully own an D. None of these
ARC in India as it received approval from
the Reserve Bank of India. ARC stands for 2648. Amplus Energy Solutions announced en-
tering into a pact with private sector
A. Agency Reconstruction Company
lender for strategic tie-up to co-finance
B. Asset Reconstruction Core projects in the solar energy space in India.
C. Asset Re-insurance Company A. Yes Bank
D. Asset Reconstruction Company B. Axis Bank

291
C. Kotak Mahindra Bank 2653. Who signs the One Rupee notes in In-
D. ICICI Bank dia?

A. Prime Minister
2649. Who is the present Director of Pune
based National Institute of Bank Manage- B. RBI Governor
ment (NIBM)? C. Finance Secretary
A. HK Bhanwala
D. President
B. Ajay Tyagi
C. BP Kanungo 2654. India’s overall ranking on the govern-
ment’s adoption of e-payments has moved
D. KL Dhingra up to in 2018.
2650. IFAD is an international financial institu- A. 8th
tion and a specialised agency of the United
B. 22th
Nations dedicated to eradicating poverty
and hunger in rural areas of developing C. 32th
countries. What is the full form of IFAD? D. 28th
A. International Fund for Agricultural De-
partment 2655. In a Poverty Pyramid index, which
B. International Fund for Agricultural De- of the following segments of population
velopment faces the highest poverty risk? [Corpora-
tion Bank 2011]
C. International Fund for Association De-
velopment A. Formal Wage Employment
D. International Financial for Agricultural B. Informal Self-Employment: Employers
Development C. Regular Informal Wage Employment
2651. How many projects have been sanc- D. Casual Informal Wage Employment
tioned under Namami Gange Programme and Domestic Work
for infrastructure development, reverse
surface cleaning, rural sanitation and other 2656. has appointed former IRDAI chief
interventions at a cost of Rs.16, 713 crore T.S. Vijayan as an additional director (In-
in union budget 2018-19? dependent) for five years.
A. 221 projects A. Yes Bank
B. 187 projects B. UCO Bank
C. 320 projects C. Bank of India
D. 514 projects D. PNB
2652. When was the Government Securities
2657. FCCB stands for
Act passed?
A. 2002 A. Foreign currency convertible bonds
B. 1999 B. Forex currency convertible bonds

C. 2005 C. Form currency convertible bonds
D. 2006 D. Future currency convertible bonds

292
2658. Where is the headquarters of Westpac 2663. Which of the following is the Central
Banking Corporation? Bank of USA?
A. New Zealand A. Federation of Banks, USA
B. Australia B. Citigroup, USA
C. Russia
C. Bank of America
D. France
D. Federal Reserve
NARAYAN CHANGDER
2659. Under the PM-KISAN Government of
India funded Scheme, Rs each will be 2664. If the government chooses to spend
transferred to the bank accounts of around money freshly printed by the RBI against
12 crore Small and Marginal farmer fami- government securities, it should be kept in
lies, in three equal installments. which among the following?
A. Rs.4, 000 A. Fiscal adjustment
B. Rs.8, 000
B. Retrenchment
C. Rs.2, 000
C. Mandatory Spending
D. Rs.6, 000
D. Deficit Financing
2660. The employees pension plan in which the
employees contribute a portion of earning 2665. In January, 1998, the Reserve Bank
into the fund is classified as? of India introduced new regulatory frame-
A. cash balance plans work for safeguarding the interest of de-
positors. The guidelines comprises
B. early retirement window
C. deferred profit sharing plan A. NBFCs falling short of the stipulated
minimum Net Owned Funds (NOF) were
D. savings and thrift plan precluded from accepting public deposits
2661. Which of the followings clearly define B. An NBFC not having minimum credit
the Leasing services? rating as prescribed by RBI is not eligible
A. One party agrees to rent property to accept fresh deposits
owned by another party. C. Ceiling on the quantum public deposits
B. It guarantees the lessee, also known was related to the level of credit rating
as the tenant, use of an asset. given by the approved credit rating agen-
C. It guarantees the lessor, regular pay- cies
ments from the lessee . D. All of the above
D. All of the Above
2666. When was Liberalised Remittance
2662. Which sector contributes most to the Scheme established?
savings in India?
A. February 1th, 2005
A. Public sector
B. Private corporate sector B. February 4th, 2004
C. Household sector C. February 7th, 2002

D. Administrative sector D. February 8th, 2006

293
2667. One rupee notes bear the signature of A. Capital Local Area Bank Limited
A. Governor of Reserve Bank of India B. Equitas Holdings P Limited

B. Prime Minister of India C. AU Small Finance Bank
C. President of India D. India Post Payments Bank
D. Secretary, Ministry of Finance (Gov- 2673. The top rank MFI for the year 2016-17
ernment of India) in India is
2668. Financial Market broadly divided in to A. SKF Microfinance Ltd.
two. They are? B. Asmitha Microfin
A. Money and Capital market C. Bandhan Society
B. Money and Black market D. Ujjivan Financial Services
C. Price and Money market 2674. Many times we read in financial news-
D. Capital and Abroad market papers/magazines about Systematic In-
vestment Plans (SIPs). SIPs are an in-
2669. Recommendations of which committee, vestment option also operated in the mode
The Insurance Regulatory and Develop- of
ment Authority (IRDA) was constituted as
A. Mutual Funds
an autonomous body to regulate and de-
velop the insurance industry? B. Small Savings Schemes in Post Offices
A. Sivaraman Committee C. National Pension Fund
B. Malhotra Committee D. National Saving Certificates
C. Rangarajan Committee 2675. What do we call the banks that un-

dertakes commercial banking, investment
D. Mehta Committee
banking, mutual funds and merchant bank-
2670. Private sector RBL Bank has set up an ing?
all women branch in A. Mixed Banking
A. New Delhi B. Retail Banking
B. Kolkata C. Universal Banking
C. Bengaluru D. Narrow Banking
D. Chennai 2676. Which of the following is the limitation
of the ATMs owing to which people are re-
2671. Who will act as the banker to the Gov-
quired to visit branches of the bank?
ernment of India?
1. It does not accept deposits.
2. It has a limited cash disbursement
B. Reserve Bank of India capacity.
C. NABARD 3. Lack of human interface.
D. Nationalised Banks A. Only 1
B. Only 2
2672. Which Bank has signed an MoU with LIC
to offer Pradhan Mantri Jeevan Jyoti Bima C. Only 3
Yojana (PMJJBY)? D. All the above

294
2677. About the Share Market? 2682. In which city India’s first, National
1. Share Market is operated in stock Wildlife Genetic Resource Bank (NWGRB)
exchange. was inaugurated at Centre for Cellular and
2. In India Saurastra stock exchange Molecular Biology’s (CCMB) Laboratory of
and Kanpur stock exchanges are Conservation of Endangered Species (La-
closed recently. CONES) facility?
3. In India 22 Stock Exchange are in op- A. Nagpur
erating condition.
NARAYAN CHANGDER
B. Kolkata
A. Only 1
B. 1 and 2 C. New Delhi
C. Only 3 D. Hyderabad
D. All the above
2683. Which among the following is also
2678. What is the maximum amount of loan known as Pacific Rim trade IBSA?
can be extended by payments banks?
A. APEC
A. 25000
B. ASEAN
B. 50000
C. 100000 C. SAARC
D. No lending power D. IBSA
2679. Who is the chairperson of State Bank Of
2684. Which of the following are decided by
India?
the Reserve Bank of India?
A. Arundhati Bhattacharya
1. Deposit rates
B. Naina Lal Kidwai 2. Base Rate
C. Chanda Kochar 3. Prime Lending Rate
D. Shikha Sharma Select the correct answer using the codes
2680. Which of the following is not a term as- given below
sociated with the stock markets directly? A. Only 1
A. Bear hug
B. Only 2
B. Dividend
C. Only 3
C. Insider trading
D. Interest rate D. 2 and 3
2681. Core Investment Company holds not 2685. The idea of Lokpal has emanated
less than 90 per cent of its net assets in from the office of Ombudsman, which is
the form of investment in which of the fol- prevalant in countries?
lowing?
A. Latin Amircian
A. equity shares
B. South East Asian
B. preference shares
C. bonds C. Scandivanian
D. all of the above D. European

295
2686. As part of the Financial Inclusion the fol- A. Universal Life & Investment Plan
lowing acts as an alternative to the Branch B. Unit Loan & Insurance Plan
Banking.

C. Universal Loan & Investment Plan
A. Online Banking
D. Unit Linked Insurance Plan
B. Mobile banking
2692. Indian Overseas Bank (IOB) has
C. Issuing of ATM Cards
received crore capital infusion from the
D. Kiosks government in the current fiscal.
2687. Government has announced to fix MSP A. Rs 1177.07 crore
at a level of at least per cent of the B. Rs 173.06 crore
cost of production for kharif crops 2018-
C. Rs 1548.03 crore
19 which redeems the promise made in the
Union Budget for 2018-19. D. Rs 453.05 crore
A. 50 per cent 2693. Where is the headoffice of IndusInd
B. 250 per cent Bank?
C. 200 per cent A. Hyderabad
D. 150 per cent B. Kolkata

C. New Delhi
2688. Index “Residex” is associated with
D. Mumbai
A. Share Prices
2694. Where is the Corporate Office of Axis
B. Mutual Fund Prices
Bank?
C. Prices Inflation Index
A. Surat
D. Land Prices
B. New Delhi
2689. The returned non resident Indians are C. Chennai
permitted to open the following accounts D. Mumbai
A. Non resident external account
2695. Rupee coins are the legal tender in India
B. Non resident ordinary account under the provisions of
C. RFC account A. Reserve Bank of India Act, 1934
D. FCNR account B. Negotiable Instruments Act, 1881
2690. Who is the longest serving Governor of C. Banking Regulation Act, 1949
Reserve Bank of India? D. Indian Coinage Act, 1906
A. Sir C D Deshmukh
2696. Which of the following are among the
B. Sir Benegal Rama Rau direct methods of exchange control in In-
C. K G Ambegaonkar dia?
D. H V R Iengar A. Intervention
B. Exchange Restrictions
2691. What is the full form of ‘ULIP’, the term
which was in the news recently? [Syndi- C. Exchange Clearing Agreements
cate 2010] D. All of the above

296
2697. Which of the following is not a compo- C. Shiksha Sevaks

nent of bank deposits? D. Accredited Social Health Activist
A. Fixed deposits (ASHA)
B. Current A/C deposits
2702. Which of the following schemes/products
C. Recurring deposits launched by the banks to provide instant
D. Safe deposits loan facility to the farmers?
NARAYAN CHANGDER
2698. Name the scheme that government is
proposing to launch for solid waste man- B. Krishi Bima Yojana
agement in the Union Budget 2018-19? C. Crop Loan Scheme
A. GOBAR-NASH D. Corporate Loan Scheme
B. GOBAR-OUT
2703. Who has emerged as the richest Indian
C. GOBAR-VINASH for the 11th consecutive year with a net
D. GOBAR-DHAN worth of USD 47.3 billion, according to
Forbes magazine?
2699. The Central Board of Trustees (CBT) A. Azim Premji
headed by is the apex decision making
body of the EPFO which finalises rate of in- B. Lakshmi Mittal
terest on PF deposits for a financial year. C. Mukesh Ambani
A. HRD Minister D. Shiv Nadar
B. Labour Minister
2704. ‘Nomination’ for a Deposit account in
C. Finance Minister the bank means
D. Prime Minister A. mandate given by the close relative(s)
of the depositor, to settle the death claim
2700. Union Cabinet has given the approval
in case of death of the depositor
for raising of four additional battalions of
National Disaster Response Force (NDRF) B. mandate decided by the bank to settle
to strengthen the India’s disaster response the death claim of its depositor
set up at an estimated cost of C. mandate of the depositor in favour of
A. Rs.4201 crore one or more persons, to claim the amount
on death of the depositor
B. Rs.100 crore
D. mandate of the depositor in favour of
C. Rs.637 crore
a close relative who can claim the amount
D. Rs.2302 crore on death of the depositor
2701. Organisation of workers in which of the 2705. Which of the following entities did not
following groups has proved a very ef- get the licence to run Payment Bank
fective way of providing micro finance by
A. Aditya Birla Nuvo Limited
banks to the rural people and poor in In-
dia? B. Sun Pharma
A. Self Help Groups C. Fino PayTech Limited
B. Vriksha Mitras D. Videocon d2h

297
2706. The Central Statistics Office (CSO) re- 2710. Which of the following account can be
vised the gross domestic product (GDP) repatriable?
growth rate for 2015-16 to 8.2% from

A. NRE Account
the earlier estimates of 8% and kept the
2016-17 growth unchanged at B. NRO Account
A. 7.60% C. FCNR(B) Account
B. 7.30% D. Both (A) and C
C. 7.10% 2711. The Integrated Action plan recently ap-
D. 7.50% proved by the Government of India is re-
lated with
2707. Increased interest rates, as is existing A. Natural disaster
in the economy at present will [IBPS
2012] B. Inflation
A. Lead to higher GDP growth C. Terrorism
B. Lead to lower GDP growth D. Naxalism
C. Mean higher cost of raw materials 2712. is a payment system launched by Na-
D. Mean lower cost of raw materials tional Payments Corporation of India and
regulated by the Reserve Bank of India
2708. For issuing notes, RBI has required to which facilitates the instant fund transfer
hold the minimum reserve of Rs. 200 crore between two bank accounts on the mobile
of which not lesss than Rs. crore to be platform.
hold in gold. A. NACH
A. 85 B. BHIM
B. 100 C. UPI
C. 115 D. CPI
D. 125
2709. Which of the following is/are functions 1. If the beneficiary of a cheque has
of the RBI? lost the cheque, he can instruct the
1. Acts as the currency authority. paying bank to stop payment of the
2. Controls money supply and credit. cheque without waiting for the ac-
3. Manages foreign exchange. count holder’s instruments.
4. Serves as a banker to the govern- 2. While outsourcing, the only consid-
ment. eration should be cost savings.
Select the correct answer using the codes Which of the statements given above
given below: is/are correct?
A. 1 and 2 A. Only 1
B. 2 and 3 B. Only 2
C. 1, 2, 3 C. Both 1 and 2
D. All of these D. Neither 1 nor 2

298
2714. Which are following statement(s) 2718. On which rate, RBI has recently dereg-
is/are correct definition of ‘payment bal- ulated the rates of interest to be pro-
ance’ in economy terms? vided by various banks to their deposi-
1. This is transaction records among tors/customers with on their accounts.
the country in which payment is A. Time deposit
made in currency other than US dol-
B. Saving bank
lar
2. This is a transaction record between C. Loan
NARAYAN CHANGDER
specific country and all countries. D. Fixed deposit
3. This is record of export/import of a
country and difference of amount in 2719. There are at present Insurance Om-
US$ budsman in different locations and any per-
A. Only 1 son who has a grievance against an in-
surer.
B. Only 2
A. 30
C. Only 3
B. 23
D. Only 1 and 3
C. 21
2715. WADA (World Anti Doping Agency) is re-
D. 17
lated with
A. Insurance 2720. Where is the head office of FICCI?
B. Government Securities A. Guwahati
C. Dope Testing B. Kolkata
D. Stock Exchange C. Chennai
2716. FEMA head office is situated in which of D. New Delhi
the following city?
2721. The government has announced rupee
A. Hyderabad award for states that would complete the
B. Lucknow household electrification early under the
C. Bangalore Saubhagaya scheme.
D. New Delhi A. 200 crore
B. 50 crore
2717. Which of the following is/are included
in FOREX? C. 150 crore
1. Foreign currency assets held by the D. 100 crore
RBI
2. Gold holdings of the RBI 2722. The government has fixed 2, 952 ru-
3. SDRs pees per gram as price of new series of
4. Reserve position in the IMF SGBs recently. SGBs stands for
A. 1, 2, 3 A. Services Gold Bonds
B. 2, 3, 4 B. Sovereign Green Bonds
C. 1, 2, 4 C. Sovereign Gold Bonds
D. All of the above D. Sovereign Gold Banks

299
2723. Who is the current head of Combined 2728. From 01st September 2017 Punjab Na-
Registry of Securitization Asset Recon- tional Bank’s customers will have to pay
struction and Security Interest (CERSAI)? charges for depositing cash above in a

A. Praveen Kumar Sharma non-base branch even if it is located in the
same city.
B. Naveen Kumar Sharma
A. Rs. 15, 000
C. Laxmi Niwas Mittal
B. Rs. 25, 000
D. Nandan Nilekani
C. Rs. 5, 000
2724. Which among the following bank has D. Rs. 10, 000
entered into an agreement for informa-
tion utility services with the National E- 2729. Which Bank has been categorized as a
Governance Services Limited (NeSL)? private sector lender following the acqui-
sition of majority stake by Life Insurance
Corporation?
B. ICICI Bank
A. UCO Bank
B. Vijaya Bank
D. Yes Bank
C. Corporation Bank
2725. Name the bank, which has announced D. IDBI Bank
that the Department of Financial Services
report has rated it as number one state- 2730. Which of the following agen-
owned bank in terms of digital transac- cies/organizations in India maintains the
tions. Micro Finance Development and equity
fund?
A. Axis Bank
A. Confederation of Industries in India.
B. Indian Bank’s Association
C. Bank of Baroda
C. Small industries Development Bank of
D. Punjab National Bank India
2726. YONO app is a digital banking app D. Reserve Bank of India
launched by the State Bank of India.
YONO stands for 2731. Many a times Government raises addi-
tional resources through taxation & allo-
A. You Only Name One cation of expenditure as per its require-
B. You Only Need original ments. It is known as
C. You Only Need Oriented A. Credit Policy
D. You Only Need One B. Fiscal Policy
C. Monetary policy
2727. World’s first Bitcoin ATM located in
D. Taxation Policy
A. US
B. Brazil 2732. The World Trade Organization (WTO)
deals with the global rules of trade be-
C. Canada tween nations. Who is the Director Gen-
D. UK eral of WTO?

300
A. Roberto Azevedo A. LIC

B. Christine Legarde B. IRDAI
C. Raghuram Rajan C. Central Government
D. Oliver Ralph Kahn D. RBI
2733. The term ‘Currency of India’ refers to 2738. Truncation of cheques means
A. one rupee notes and coins A. Scanning of the cheques and transmis-
NARAYAN CHANGDER
B. bank notes issued by Reserve Bank of sion of electronic image instead of physi-
India viz., Rs. 2, Rs. 5, Rs. 10, Rs. 20, Rs. cal cheque in the clearing cycle
50, Rs. 100 and for other higher denomi- B. Debiting of drawer’s account through
nations internet
C. one rupee notes and coins and bank C. Both of the above
notes issued by Reserve Bank of India D. None of these
D. one rupee notes only
2739. ICICI Lombard General Insurance Com-
2734. FD in a commercial bank can be done for pany has got capital markets regulator
a maximum period of SEBI’s go-ahead for its estimated Rs 6,
A. 15 yrs 000 crore IPO. SEBI was set up on
B. 25 yrs A. 12th April 1972
C. 10 yrs B. 12th April 1993
D. No limit C. 12th April 1988

D. 12th April 1986
2735. Bank of Rajasthan was merged with
A. HDFC Bank 2740. Emirates Islamic Bank has announced
the launch of Chat Banking services for cus-
B. ICICI Bank tomers via WhatsApp, marking a global
C. AXIS Bank first in the Islamic banking sector. Where
D. Citi Bank is the head office of Emirates Islamic
Bank?
2736. Asian Development Bank (ADB) has A. Dubai
downgraded India’s growth projection
to for the current fiscal (2017-18) B. Abu Dhabi
while lowering its forecast for the next fi- C. Doha
nancial year as well. D. Muscat
A. 7.00 percent
2741. What is the advantage of sending
B. 7.10 percent money to someone through money order?
C. 7.30 percent A. The money is delivered at his/her sib-
D. 7.90 percent lings’s house only.
2737. In 2003 all shares of Oriental Insurance B. The money is delivered at his/her
Company Limited held by the General In- birthplace only.
surance Corporation of India have been C. The money is delivered at his/her Na-
transferred to tive Land only.

301
D. The money is delivered at the house or 3. NSSO is a part of Central Statistical

his/her place of stay. Organisation (CSO).

2742. Which Bank has announced the launch
of its SmartUp Zone in Kochi, an exclusive is/are correct?
area inside the branch dedicated for start- A. 2 and 3
ups? B. Only 1
A. HDFC Bank C. 1 and 2
B. ICICI Bank D. 1 and 3
C. Axis Bank
2747. The biggest international financial cen-
D. Kotak Mahindra Bank tre in the world:
2743. The full form of PIN in the parlance of A. Frankfurt
an ATM card is [Corporation Bank 2011] B. Geneva
A. Permanent Information Number C. London
B. Personal Identification Number D. New York
C. Professional Identification Number
2748. The largest bank Imperial Bank was
D. Permanent Identification Number nationalised in 1955 and rechristened as
2744. What do we call the money that is lent State Bank of India on the recommenda-
for one day in the call money market? tion of which committee?
A. Call Money A. Rangarajan Committee
B. Notice Money B. Chelliah Committee
C. Term Money C. Rekhi Committee
D. Day Money D. Gorewala Committee
2745. Singapore government’s Temasek Hold- 2749. Serious Fraud Investigation Office
ings has agreed to invest in the Na- (SFIO) has been established and it has
tional Infrastructure Investment Fund started functioning since
(NIIF) in another bet on India’s infrastruc- A. 1st October 2003
ture asset management space. B. 1st October 2004
A. $ 100 million C. 1st October 2007
B. $ 1000 million D. 1st October 2012
C. $ 600 million
2750. The Union Cabinet has approved the re-
D. $ 400 million capitalisation of EXIM Bank. Issuance of
2746. Consider the following statements: Recapitalization Bonds by the Government
of India to the tune of for capital infu-
1. The base year for measuring GDP in sion in Export-Import Bank of India (Exim
India is 2004-05. Bank).
2. The CSO functions under the Min-
istry of Statistics and Programme A. Rs.6, 000 crore
Implementation. B. Rs.10, 000 crore

302
C. Rs.1, 000 crore amount required for deposit for that year
D. Rs.50, 000 crore in Sukanya Samriddhi Accounts?
A. Rs 2000/
2751. Which of the following statement(s)
is/are not true about overdraft? B. Rs 1000/
1. It occurs when the account balance C. Rs 3000/

reaches the level of minimum bal- D. Rs 5000/-
ance.
NARAYAN CHANGDER
2. It is a form of credit extended by 2756. According to the Department of Indus-
a creditor when the account balance trial Policy and Promotion data, which
reaches zero. of the following country was the largest
3. Overdrafts allow bank clients to source of FDI during April to June quarter
withdraw money even when there with 6.52 billion dollars?
are no funds in the account. A. China
A. Only 1 and 2 B. USA
B. Only 2 C. Australia
C. Only 1 and 3 D. Singapore
D. Only 1 2757. Which of the following bank/company
2752. What does EMI indicate in the context has crossed the Rs. 6 trillion market capi-
of a bank loan? talization mark for the first time, making
it only the third Indian firm-after Tata Con-
A. Equal Monetary Incentive sultancy Services Ltd (TCS) and Reliance
B. Equated Monthly Instalment Industries Ltd (RIL) to achieve the mile-
C. Exact Monthly Indicator stone?
D. Exact Mean Index A. State Bank of India

B. ICICI Bank
2753. What is MZM in money market?
C. Oil and Natural Gas Corporation
A. Money with highest return
D. HDFC Bank Limited
B. Money with zero maturity
C. Money with sovereign guarantee 2758. In which year India become a member of
Financial Action Task Force?
D. Monetary base or total currency
A. 1978
2754. Which country Woori Bank belongs to? B. 2000
A. South Korea C. 2010
B. Canada D. 1994
C. Indonesia
2759. The causes of deflation is/are
D. USA
1. Lack of goods and services as cam-
2755. If minimum Rs is not deposited in a pared to money supply.
financial year, account will become dis- 2. Low per capita income
continued and can be revived with a 3. Lack of money supply as compared
penalty of Rs 50/-per year with minimum to supply of goods and services.

303
A. 1 and 3 2765. In India, the Real Time Gross Settlement

B. Only 3 has been implemented by

C. Only 1 A. SEBI
D. All the above B. IRDA
C. RBI
2760. Which of the followings is the major
stakeholder in CRISIL? D. Ministry of Finance
A. Standard and Pours’ 2766. The risks involved in paying a post-
B. Fitch Ratings Inc. dated cheque are?
C. Moody’s A. the drawer may issue other cheques
D. Dun and Bradstreet which bear a date prior to the date of such
a cheque and if the balance is insufficient,
2761. Which type of deposits gives highest the bank may be held liable
rate of interest?
B. an Attachment Order may be received
A. Current deposit attaching the balance in the account
B. Fixed deposit C. the drawer may stop payment
C. Recurring deposit D. All of the above
2767. ITRS measures the individual balance
2762. In order to streamline the functioning of of payments cash transactions passing
MFI sector the RBI has appointed a com- through the domestic banks and foreign
mittee. The committee was headed by bank accounts of enterprises, and noncash
A. Dr. Y.V. Reddy transactions and stock positions. ITRS
B. Shri M.V. Nair stands for
C. Sri Y.H. Malegam A. International transactions reporting

scheme
D. Dr. D. Subbarao
B. International transactions reporting
2763. Expand the term ALM as used in Bank- service
ing/Finance sector?
C. International transactions reporting
A. Asset Liability Maturity system
B. Asset Liability Mismatch D. International transactions reporting
C. Asset Liability Management security
D. Asset Liability Manpower 2768. For the performance of its duties as the
2764. Insurance Information Bureau was reg- regulator of credit, the Reserve Bank of
istered as an independent society under India possesses the usual instruments of
the Andhra Pradesh Societies Registration general credit control, viz-?
Act on A. bank rate
A. 24th October 2010 B. open market operation
B. 08th March 2017 C. the power to vary the reserve require-
C. 17th September 2009 ment of banks
D. 21st November 2012 D. All of the above

304
2769. The process of credit creation has the ef- a reserve against the notes issued, what-
fect of ever may be the amount. This system is
A. Raising the real national income called as
A. Minimum Reserve System
B. Raising the real wealth of a country
B. Proportional Reserve System
C. Increasing the supply of money
C. Maximum Fiduciary Issue System
D. Decreasing the national debt
D. Simple Deposit System
NARAYAN CHANGDER
2770. What does e-KYC stand for?
2775. Capital market regulator is
A. Email Know Your Customer
A. RBI
B. Electronic Know Your Customer
B. IRDA
C. Electric Know Your Customer
C. NSE
D. Electronic verifiable Know Your Cus-
D. SEBI
tomer
2776. How many transactions can be received
2771. Presently, the number of the public sec-
by a single beneficiary in a calendar year
tor banks in India is
of International Money Transfer process in
A. 8 the Post Office Saving schemes?
B. 20 A. 40 transactions
C. 28 B. 20 transactions
D. 14 C. 10 transactions
D. 30 transactions
2772. Under NBFC-Peer to Peer Lending Plat-
form Directions, 2017 by RBI, what is 2777. Which of the following is/are the rights
the aggregate exposure limit of a single of customer towards his banker?
lender to all borrowers at any point of
A. To receive a statement of his account
time, across all P2Ps?
from a banker
A. Rs 50 lakh
B. To sue the bank for any lose and dam-
B. Rs 5 lakh ages
C. Rs 10 lakh C. To sue the banker for not maintaining
D. Rs 15 lakh the secrecy of his account
D. All of these
2773. What is the maximum amount for which
a note can be printed by the RBI? 2778. A cheque for a fixed amount that may
be cashed or used in payment abroad af-
A. 2000
ter endorsement by the holder’s signature
B. 5000 is known as
C. 10000 A. Travellers Cheque
D. 50000 B. Multicity Cheque
2774. The monetary authority in India, viz Re- C. Mutilated Cheque

serve Bank of India, is bound to maintain D. Crossed Cheque

305
2779. As per the RBI, India’s external debt D. UPI is based on the Immediate Pay-
declined to USD 514.4 billion at June- ment Services (IMPS) infrastructure.
end.

A. 2.8% 2784. India Infrastructure Finance Company
Ltd was set up in which of the following
B. 3.80% years?
C. 1.80%
A. 2004
D. 2.20%
B. 2006
2780. Which of the following countries has the
largest Mutual Fund market in the World? C. 2005
A. USA D. 2002
B. Japan
2785. The public sector banks are banks where
C. China a majority state is held by the Government.
D. Brazil Which of the following banks is the second
largest public sector bank among the 236
2781. The financial assistance of loans of Rs. PSBs in India in terms of profit?
10000 by a bank to very a small borrower
will be called-? A. Bank of India
A. Business finance B. Punjab National bank
B. Government finance C. bank of baroda
C. Micro finance
D. Central Bank of India
D. Small finance
2782. The merger of which of the following 2786. The Pradhan Mantri Gram Sadak Yojana
was the first M and A activity after lib- (PMGSY) was launched by the Govern-
eralization? ment of India to provide connectivity to un-
connected Habitations as part of a poverty
A. GTB and Oriental Bank of Commerce reduction strategy. PMGSY was launched
B. Times Bank and HDFC Bank on
C. New Bank of India and Punjab National A. 25th December 2005
Bank
B. 25th December 2002
D. ICICI and ICICI Bank
C. 25th December 2003
Unified Payments Interface (UPI)? D. 25th December 2000
A. UPI is an instant payment system de-
2787. Which of the following is not necessarily
veloped by the National Payments Corpo-
involved in an IPO process?
ration of India (NPCI).
B. Through UPI, all payments are instant A. Register of companies
and takes place in banking hours. B. Underwriter
C. Under UPI person will have a single
C. Investment bank
identity and password for using multiple
bank accounts. D. Registar of Issues

306
2788. On 07th October 2015, Ujjivan Finan- C. Bills discounted

cial Services Private Ltd has received an in- D. Bills for collection
principle approval from the RBI to set up
a small finance bank. Where is headquar- 2793. In which year did the Vaghul committee
ter of Ujjivan Financial Services Private Ltd submitted its report?
small finance bank? A. 1991
A. Kochin B. 1987
B. Jaipur C. 1992
NARAYAN CHANGDER
C. Mumbai D. 1990
D. Bengaluru 2794. IFCI was the first Development Finan-
cial Institution of India set up to propel
2789. Which of the following is a payment and
economic growth through the development
settlement system used by the banks in In-
of infrastructure and industry. IFCI estab-
dia?
lished in
A. Liquidity adjustment facility
A. 1964
B. Real time gross settlement B. 1956
C. Forward rate agreements C. 1952
D. Central depository service D. 1948
2790. Which Bank has launched instant credit 2795. Nationalisation of banks aimed at all of
cards enabling its savings account cus- the following, except
tomers to get a credit card instantly, in
A. provision of adequate credit for agri-
a completely digital and paperless manner
culture, SME and exports
recently?
B. removal of control by a few capitalists
C. provision of credit to big industries
B. ICICI Bank only
C. Axis Bank D. access of banking to masses
D. Bank of Baroda
2796. Credit Card is an essential component of
2791. Which of the following targets at indi- which of the following?
viduals and small businesses who lack ac- A. Electronic Commerce
cess to conventional banking and related
B. Internet Commerce
services?
C. Both A and B
A. Asset Finance Company
B. Investment Company
2797. According to the latest available data
C. NBFC Micro Finance Institution
what was India’s economic growth in
D. Infrastructure Finance Company 2013-14?
2792. Which of the following is shown on Lia- A. 4.50%
bilities side of a bank’s balance sheet? B. 4.70%
A. Reserve fund C. 5.50%
B. Loans & advances D. 0.057

307
2798. Which of the following is the country’s 2803. Which bank is a specialized financial in-
largest custodian and depository partici- stitution for financing, facilitating and pro-
pant? moting foreign trade of India?

A. CIBIL A. EXIM Bank
B. SEBI B. ICICI
C. NABARD C. IDBI
D. SHCIL D. NABARD
2799. In case of cheque bouncing what is the 2804. Which of the following is not true about
permissible punishment? Mobile Money Identifier (MMID)?
A. Imprisonment A. Mobile Money Identifier (MMID) is a

seven-digit number, issued by banks for
B. Fine equal to the value of bounced effecting financial
cheque
B. The user’s mobile number MMID are
C. Fine equal to double the amount of uniquely linked with his bank account num-
bounced cheque ber, and is one of the
D. Monetary fine and imprisonment C. Both the remitter and the beneficiary
are required to have their MMIDs to effect
2800. Economic Affairs Secretary SC Garg a fund transfer through
has announced a reduction in gross bor-
rowing estimate for the current fiscal D. A unique MMID and mobile number
by rupees. combination helps in identifying the ben-
eficiary’s details. A single
A. 7, 000 crore
2805. Indus OS has partnered with to
B. 50, 000 crore
launch OS-integrated UPI payment plat-
C. 10, 000 crore form in India.
D. 70, 000 crore A. IDFC Bank
B. Axis Bank
2801. Finance Minister projected a Fiscal
Deficit of of GDP for the year 2018-19. C. ICICI Bank
A. 3.10% D. YES Bank
B. 3.30% 2806. Which of the following acts provide the
C. 3.20% legal provisions for the maintenance of
Foreign Reserve in India?
D. 3.40%
A. RBI Act 1934
2802. Which of the following is not the name B. Banking Regulation Act 1949
of a bank functioning in India?
C. FEMA 1999
A. Central Bank of India
D. Both a and c
B. UCO Bank
2807. Name the company, which beat Tata
C. Aegon Religare
Consultancy Services (TCS) to become the
D. Dena Bank most valued company in India recently?

308
A. Bharti Airtel 2812. In Union Budget 2018-19, the Govern-

ment has made a commitment to the wel-
B. Wipro
fare of farmers and doubling farmers in-
C. RIL come by which year?
D. ONGC A. 2024
B. 2020
2808. The government of India has doubled
the monetary limit to rupees for filing C. 2022
NARAYAN CHANGDER
loan recovery application in the Debt Re- D. 2028
covery Tribunals (DRT) by banks and finan-
cial institutions. 2813. Which Bank has announced an ESOP
scheme with a view to retaining its talent
A. 50 lakh rupees and incentivising staff by issuing up to 10
B. 60 lakh rupees crore equity shares?
C. 10 lakh rupees A. Punjab National Bank
D. 20 lakh rupees B. ICICI Bank

2809. Which of the following defines ‘At sight’
D. HDFC Bank
under section 21 of the Negotiable Instru-
ment Act, 1881? 2814. Which of the following acts is specially
A. on presentation launched to facilitate banks in recovery of
bad loans?
B. on demand
A. RBI Act
C. on coming into vision
B. Banking Regulation Act
D. none of the above C. Companies Act
2810. According to RBI, how much percent of D. SARF AESI Act
demonetised banknotes is recovered?
2815. Which of the following is the purpose of
A. 93% introducing “Know Your Customer” norms
B. 90% by the banks?
A. Identifying people who do not pay In-
C. 88%
come Tax
D. 99% B. To bring more and more people under
the banking net
2811. Kisan Credit Card Scheme (KCC) was in-
troduced in 1998-99 to improve the credit C. To ensure that the money deposited in
delivery to farmers. Which one of the fol- banks has come from genuine sources
lowing does not operate this scheme? D. All of the Above
A. NABARD 2816. The actual return of an investor is re-
B. Co-operative Banks duced sometimes as the prices of the com-
modities go up all of a sudden. In financial
sector, this type of phenomenon is known
D. Schedules Commercial Banks as

309
A. probability risk D. INR 25, 000 crore

B. market risk 2821. RBI on October, 7th 2013, has reduced

C. inflation risk Marginal Standing Facility (MSF) rate from
D. credit risk 9.5% to 9% to improve liquidity in the
system. What is MSF?
2817. RBI has reduce by one percentage point A. MSF rate is the rate at which banks
the Statutory Liquidity Ratio required to lodge funds overnight with RBI buying ap-
be maintained by banks to 23% . In what proved government securities.
form is this stipulation reacquired to be ful-
filled? B. MSF rate is the rate at which banks
borrow funds overnight from other banks
A. Banks are required to keep the amount against approved government securities.
in approved government securities of the
appropriate value C. MSF rate is the rate at which banks
borrow funds overnight from RBI against
B. The amount to be maintained in cash approved government securities.
and securities with RBI
D. MSF rate is the minimum rate at which
C. The required amount is to be main- banks lend to the borrowers.
tained in gold with RBI
2822. RBI has eased investment norms for
D. All of the above
FPIs in debt, especially into individual
2818. In India nationalization of banks took large corporates, a move that can help
place in how many phases? attract more overseas flows and thereby
help arrest the recent fall in the rupee.
A. 3
What is the meaning of “I” in FPIs?
B. 2
A. Indian
C. 4
B. Increase
D. 1
C. Initial
2819. Tax Deduction Account Number or Tax D. Investors
Collection Account Number is a digit
alpha-numeric number issued by the 2823. Which year National Housing Bank was
Income-tax Department. set up?
A. 13 A. 1982
B. 10 B. 1988
C. 12 C. 1986
D. 11 D. 1990
2820. The Union Cabinet has approved the 2824. What does the letter ‘L’ stands for
Gaganyaan project under which a three- in the term LAF commonly used in finan-
member crew will be sent to space for at cial/economic news?
least seven days. The project will cost A. Liquidity
A. INR 20, 000 crore B. Least
B. INR 15, 000 crore C. Liabilities
C. INR 10, 000 crore D. Long

310
2825. In economics it is generally believed that A. (1) & (2)

the main objective of a Public sector finan-
B. (2), (3) & (4)
cial company like Bank is to
C. (2) & (4)
A. Employ more and more people.
B. Maximize total profits. D. (3) & (4)
C. Maximize total production. 2829. Which of the following is not a tax/duty

D. Provide financial service to the people levied by the Government of India?
NARAYAN CHANGDER
of the nation of its origin across the coun- A. Income Tax
try.
B. Education Cess
2826. “The termination of an insurance policy C. Service Tax
due to non-payment of premium” is tech-
nically called as? D. Toll Tax
A. Death 2830. Reserve Bank of India Governor Urjit
B. Lapse Patel has resigned. He was governor
C. Forfeiture of RBI.
D. Seize A. 44th
B. 25th
2827. Which of the following is NOT associ-
ated with climate change and/or global C. 46th
warming? [Allahabad Bank 2010] D. 24th
A. Basel norms
2831. Which of the following is the mode of
B. Bali Meet 2007
settlement of securities where in the trans-
C. Copenhagen Conference fer of securities and funds happen simulta-
D. Kyoto Protocol neously?
A. Delivery versus Payment (DvP)
2828. Which of the following definitions are
correct? B. Negotiated Dealing System
1. Basis points: increase in interest C. Clearing Corporation of India Ltd.
rates in percentage terms. (CCIL)
2. Repo rate: rate at which commercial D. All of the Above
banks borrow from the RBI by sell-
ing their securities or financial as- 2832. SEBI allows retail investors to apply for
sets to the RBI for a long-period of shares of Initial Public Offerings without
time. actual transfer of their funds from their ac-
3. Reverse repo rate: rate of interest counts. What is this facility known as?
at which the central bank borrows
funds from other banks for a short A. Systematic transfer plans
duration. B. Systematic investment plans
4. Cash reserve ratio: minimum per-
C. Hedge fund accounts
centage of cash deposits that banks
must keep with itself to avoid liquid- D. Applications Supported by Blocked
ity issues. Amount

311
2833. The ability of commercial banks to in- A. Prime Minister’s Rozgar Yojana
crease their deposits by expanding their B. Swarn Jayanti Sahakari Rozgar Yojana
loans and advances is known as

C. National Social Assistance Pro-
A. Capital expansion
gramme
B. Credit expansion
D. Swarn Jayanti Gram Swarozgar Yojana
C. Credit control
D. Credit creation 2837. An anna was equal to
A. 4 paise
2834. As per the notification issued by the
banks, the .third party ATM usage. will B. 16 paise
now be restricted to certain withdrawals C. 50 paise
and limits only. What does it really mean?
D. 100 paise
1. The ATM cardholders will not be
able to withdraw from other banks’ 2838. is a single tax on the supply of goods
ATMs under any circumstances. and services, right from the manufacturer
2. Customers of one bank may be able to the consumer.
to withdraw only a limited amount
A. Excise Duty
from other banks’ ATMs.
3. ATM card holders will have to pay B. Sale Tax
a fee if they withdraw money from C. Direct Tax
other banks’ ATMs frequently.
D. GST
A. Only 1
B. Only 2 2839. Which among the following banks has
C. Only 3 launched a Multi-currency Forex Card for
overseas travellers recently?
D. Only 2 & (3)
2835. RBI has released its guidelines for en-
B. ICICI Bank
try of new banks in the private sectorin
the month of February 201 3. One of the C. Kotak Mahindra Bank
norms is at least a prescribed percentage D. Standard Chartered Bank
of branches of new bank should be set in
unbanked rural centres with a population 2840. The Central government has Relaxed an-
of upto 9, 999 people. What is the per- gel tax norms for Start-ups from 7 years
centage of such branches prescribed in the to years.
norms?
A. 20 years
A. 10%
B. 12 years
B. 15%
C. 05 years
C. 18%
D. 10 years
D. 0.25
2836. Which one of the following is a Self- 2841. Which of the following clearly define the
Employment Programme for Educated Un- Line of Credit loans?
employed Youth? [Corporation Bank A. It is start-up loans allowing busi-
2011] nesses to open.

312
B. It allows businesses to borrow money B. Ahmedabad Mercanile Co-operative

from a lender at any given time, up to a Bank Ltd
certain amount of C. Amanath Co-operative Bank Ltd
C. It is the simplest type of corporate D. Anyonya Co-operative Bank
loans.
D. It is made so businesses can buy prop- 2847. The Reserve Bank of India (RBI) an-
erty. nounced recently that its board has given
approval to create an additional post in the
NARAYAN CHANGDER
2842. What are major functions undertaken by rank of Deputy Governor. For this RBI has
merchant bankers? approached the government for required
legislative changes. Which post is this?
A. Issue management
A. Chief Knowledge Officer (CKO
B. Capital structuring/restructuring
B. Chief Operating Officer (COO)
C. Market maker in capital market
C. Chief Visionary Officer (CVO)
D. All of the above
D. Chief Business Development Officer
2843. The largest shareholder of a Public Sec- (CBDO)
tor Banks (PSBs) is?
2848. DBOD is entrusted with the responsibil-
A. RBI
ity of regulation of commercial banks un-
B. Government of India der the regulatory provisions contained in
C. NABARD the Banking Regulation Act, 1949 and RBI
Act, 1934 besides enunciation of banking
D. All of the Above policies. What is the full form of DBOD?
2844. In respect of which one of the following A. Department of Banking Operations &
areas, Y. H. Malegam Committee has sub- District
mitted its recommendations? B. Department of Banking Operations &
A. Interest on Micro Finance loans Development
B. Teaser loans C. Department of Banking Operations &
Division
C. Rural development
D. Department of Branches Operations &
D. Advances to agriculture
Development
2845. Which one is not the most common ob-
2849. During which years, Dr. Manmohan
jective of Banking regulations?
Singh served as Governor of RBI?
A. Systematic Risk Reduction
A. 1980-83
B. Credit Allocation
B. 1982-83
C. Prudential Objectives
C. 1982-85
D. Market Discipline D. 1886-89
2846. Which of the following Co-operative 2850. Country’s largest bank SBI has waived
Banks is considered as the first Co- charges for fund transfer of up to Rs 1,
operative Bank in India? 000 through its IMPS to promote small
A. Abhyudaya Co-operative Bank Ltd transactions. IMPS stands for

313
A. Indian Payment Service 2. It gives a guaranteed employment

B. International Payment Service of 100 days to all those who are el-
igible for the same and are also will-

C. Immediate Payment System ing to take it.
D. Immediate Payment Service 3. This act is applicable only for men
between the age of 21-65 Women
2851. NAMA word is related to which organi- do not get the benefit of the same.
sation?
A. Only 1
A. World Trade Organisation
B. Only 2
B. UNCTAD
C. Only 3
D. All the above
D. World Bank
2856. In Regional Rural Banks, What is the
2852. Body which regulates microfinance is contribution of the Sponsor Banks?
A. RBI A. 50%
B. Indian Banks Association B. 15%
C. NABARD C. 35%
D. SIDBI D. 25%
2853. Government of India in the Budget 2857. Who decides on the value and volume
Speech of 2018-19 has announced the en- of bank notes to be printed and on what
hancement of maximum limit under Prad- basis? (SBI 2011)
han Mantri Vaya Vandana Yojana to per A. Finance Ministry
senior citizen.
B. Planning Commission
A. Rs. 15 lakhs C. RBI
B. Rs. 10 lakhs D. Stock exchange
C. Rs. 25 lakhs
2858. Capital markets regulator SEBI raised
D. Rs. 20 lakhs the exposure limit under exchange-traded
currency derivatives trading for residents
2854. Which of the following sets of sources
and FPIs to USD 100 million across all
of revenue belongs to the Union Govern-
currency pairs involving the Indian rupee.
ment alone?
What is the meaning of “P” in FPIs?
A. Gift Tax, Holding Tax
A. Foreign Portfolio Initial
B. Sales Tax, Income Tax
B. Foreign Portfolio International
C. Customs Duties, Corporation Tax
C. Foreign Portfolio Indian
D. Wealth Tax, Land Revenue
D. Foreign Portfolio Investment
2855. Which of the following is true about 2859. The Employees Provident Fund Organi-
the National Rural Employment Guarantee sation (EPFO) has approved hike in invest-
Act? ment limit in ETFs to 15% from the exist-
1. Itis applicable only in 100 rural dis- ing 10% . What is the meaning of “T” in
tricts. ETFs?

314
A. Traded A. Rs. 500 Crore

B. Transit B. Rs. 100 Crore
C. Truncated C. Rs. 150 Crore
D. Transfer D. Rs. 50 Crore
2860. Infrastructure Finance Company (IFC) is 2865. The Govt of India and RBI are making all
a non-banking finance company has a min- the efforts to provide banking facilities to
imum Net Owned Funds of all the villages/habitations in the county.
NARAYAN CHANGDER
This is the part of their policy of
A. Rs.100 Crore
A. PURA
B. Rs.200 Crore
B. Financial Inclusion
C. Rs.500 Crore
C. Swawalamban
D. Rs.300 Crore
D. Pradhan Mantri Adarsh Gram Yojana
2861. Which of the following is/are key pol-
icy rates used by RBI to influence interest 2866. is an agreement where by an issu-
rates? ing Bank at the request of the importer
(Buyer) undertakes to make payment to
1. Bank Rate and Repo Rate the exportor (Beneficiary) against stipu-
2. Reverse Repo Rate lated documents.
3. CRR and SLR
A. Bills of exchange
A. Only 1
B. Letter of exchange
B. Only 2
C. Letter of credit
C. All the above
D. Bill of entry
D. Only 3
2867. When there is no transaction in an
2862. A debt becomes time-barred after: Saving Bank (SB) account continuously
A. One year for financial years, the account will be
treated as silent account in Post Office
B. Two and a half year Saving Schemes.
C. Three years A. 2 financial years
D. Five years B. 5 financial years
2863. The public debt office function under the C. 4 financial years
control of D. 3 financial years
A. Ministry of Finance
2868. NABARD has joined hands with which
B. Reserve Bank of India bank to provide collateral-free credit
C. SEBI through Joint Liability Groups in Telan-
gana?
D. IRDA
A. BOB
2864. ‘Beti Bachao, Beti Padhao Yojana’ a B. ICICI Bank
Scheme for women safety recently passed
in Union Budget 2014-1 5. How much C. SBI
money has been allotted for this scheme? D. Axis Bank

315
2869. Which of the following organisa- 2874. Who is present Chairman cum Managing
tions/agencies is actively involved in Director of UIIC?
drafting the Union Budget of India?

A. Susmita Mukherjee
A. The Planning Commission
B. M Shahul Hameed
B. The Comptroller and Auditor General
C. Administrative staff of the Lok Sabha C. Tajinder Sharma
D. Ministry of Finance D. Girish Radhakrishnan
2870. Which of the following statements is 2875. What is the silent features of 5-Year
true regarding Ombudsman Scheme for Post Office RD Account?
NBFC?
A. Account can be opened by cash
A. Section 45L of the RBI Act, 1934 con-
/Cheque and in case of Cheque the date
fers powers on RBI to notify such scheme
of deposit shall be date of presentation of
B. NBFCs having customer interface, with Cheque.
assets size of one billion rupees or above
are eligible to be B. Nomination facility is available at the
time of opening and also after opening of
C. The scheme is initially being intro-
account.
duced at the four metro centers
D. All of the above C. Account can be transferred from one
post office to another.
2871. Which of the following is called the
Bankers’ Bank in India? D. All of the given options are the silent
features of 5-Year Post Office RD Account.
B. Central Bank of India 2876. a/an is the section of an insurance
C. NABARD policy dealing with various coverages, ex-
clusions, duties of the insured, locations
D. Reserve Bank of India covered and conditions that terminate cov-
2872. Which of the following Rates/Ratio erage.
is not covered under the Monetary and A. Actuary
Credit policy of the RBI?
B. Broker
A. Bank Rate
B. Repo Rate C. Agent
C. Cash Reserve Ratio D. Clause
D. Exchange Rate of Foreign Currencies
2877. Which bank has launched the country’s
2873. What percent of annual interest should first contact less debit and credit cards on
be paid by issuer firm to investor in case 7 January 2015?
of delay in listing?
A. HDFC
A. 5%
B. SBI
B. 1%
C. 10% C. ICICI
D. 20% D. Yes Bank

316
2878. Under Section 19 of the Reserve Bank 2882. What minimum pension will be given to
of India Act, 1934, the RBI has been pro- every labourer as announced in the Union
hibited from Budget 2019-20?
A. making loans or advances A. Rs 5, 000 per year
B. drawing or accepting bills payable oth- B. Rs 1, 000 per year
erwise than on demand C. Rs 1, 000 per month
C. allowing interest on deposits or cur- D. Rs 500 per month
NARAYAN CHANGDER
rent accounts
2883. The union government has announced a
D. All of the above nationwide scheme .Rashtriya Gokul Mis-
sion. which aims to
2879. In the Union Budget 2014-15, the govt.
announced setting up of a commission to A. Eliminate diseases of cattle
bring in reforms related to spending for B. Increase milk production
achieving maximum output. What is the
C. Curb slaughtering of cattle
name given to this commission?
D. Protect the indigenous breed of cows
A. Expensable Management Committee
B. Expenditure Management Commission 2884. According to the RBI data, what amount
of bad loans banks has recovered in the fis-
C. Expedia Management Commission cal ended March 2018?
D. Expenditure Maximum Commision A. Rs 40, 400 crore
B. Rs 37, 500 crore
2880. National Bank for Agriculture and Rural
Development (NABARD) has sanctioned an C. Rs 33, 300 crore
amount of Rs 335 crore under the Rural In- D. Rs 42, 500 crore
frastructure Development Fund (RIDF) to
2885. Which of the following types of ac-
A. Jharkhand
counts are known as “Demat Accounts”?
B. Odisha
A. Zero Balance Accounts
C. West Bengal B. Accounts which are opened to facili-
D. Kerala tate repayment of a loan taken from the
bank. No other business can be conducted
2881. The Insolvency and Bankruptcy Board from there
of India (IBBI) is the regulator for over- C. Accounts in which shares of various
seeing insolvency proceedings and enti- companies are traded in electronic form
ties like Insolvency Professional Agencies,
Insolvency Professionals and Information D. Accounts which are operated through
Utilities in India. In which year IBBI was internet banking facility
founded? 2886. Which of the following is known as
A. 2014 cross-selling by Banks?
B. 2017 1. Sale of a debit card to a credit card
holder
C. 2010
2. Sale of Insurance policy to a deposi-
D. 2016 tor

317
3. Issuance of cash against cheque pre- 2891. Which of the following is not a party of
sented by a third party Bill of Exchange?

A. Only 1 A. The drawer
B. Only 2 B. The drawee
C. Only 3 C. The payee

D. The endorser
D. All the above
2892. When does the asset legally belong to
2887. The idea of providing factoring services the purchaser under a hire purchase agree-
was first thought of in India by which of ment?
the followings?
A. Final installment is paid
A. Tandem Committee
B. Final installment is paid and purchaser
B. Patel Committee agrees to a legal option to buy the asset
C. Malhotra committee C. On date of first installment in repay-
ment
D. Vaghul committee
D. Purchaser agrees to legal option to
2888. Individual taxpayers having taxable an- buy the asset
nual income up to Rs will not be re-
quired to pay any income tax. 2893. The European Union regulators have
slapped with a record 4.34 billion euro
A. Rs.5 lakhs ($5 billion) antitrust fine for abusing the
B. Rs.3 lakhs dominance of its Android mobile operating
system.
C. Rs.7 lakhs
A. Google
D. Rs.4 lakhs
B. Yahoo
2889. Which of the following term is not used C. Facebook
in Banking/Finance? D. YouTube
A. Revenue
2894. Which of the following are traded on the
B. Epicenter bullion market?
C. Commercial Papers A. Cash
D. Consolidated Fund B. Gold
C. Silver
2890. The Reserve Bank of India has slapped a
penalty of on Punjab National Bank for D. Both B and C
non-compliance of regulatory directions
2895. Finance Commisson is included in of In-
with regard to SWIFT operations.
dian Constitution.
A. Rs 5 crores A. Article 340
B. Rs 7 crores B. Article 280
C. Rs 11 crores C. Article 360
D. Rs 2 crores D. Article 390

318
2896. Formal merchant banking activity in In- A. India

dia was originated in which of the follow- B. China
ing years?
C. Japan
A. 1978
D. Bangladesh
B. 1969
2901. LIC was formed by an Act of Parliament,
C. 1769
viz. LIC Act, 1956, with a capital contri-
D. 1987 bution of Rs. from the Government of
NARAYAN CHANGDER
India.
2897. The ESIC has approved a new scheme-
Atal Bimit Vyakti Kalyan Yojna for In- A. Rs. 10 crore
sured Persons covered under the Employ- B. Rs. 50 crore
ees’ State Insurance Act. What is the full
C. Rs. 100 crore
form of ESIC?
D. Rs. 5 crore
A. Employees’ State Insurance Corpora-
tion 2902. NITI Aayog and recently announced a
B. Employees’ State Insurance Company first-of-its-kind internship programme for
students selected by Atal Innovation Mis-
C. Employees’ State Insurance Council
sion (AIM).
D. Employees’ State Investment Corpora- A. IBM
tion
B. Google
2898. A Direct lease, a sale and leaseback, C. Microsoft
and a Leveraged lease are all examples of
which of the followings? D. Facebook
A. Operating Leases 2903. NABARD has sanctioned Rs.772 crore

B. Financial Leases for eight water projects in the rural areas
of
C. Full-service Leases
A. Bihar
D. Off-Balance Sheet” methods of financ-
B. Uttar Pradesh
ing
C. Rajasthan
2899. Which public sector bank had the ac-
D. Haryana
count of the famous Jalianwala Bagh Com-
mittee? 2904. Who amongst the following was the
A. State bank of India Head of the committee which gave its
recom-mendations on the modalities for
Capital Account Convertibility?
A. Dr Rakesh Mohan
D. Bank of India B. Dr C Rangarajan
2900. The approach of ‘Micro-Credit’ or ‘Bank- C. SS Tarapore
ing with the poor’ is comparatively a new D. KJ Udeshi
concept in the field of rural credit. This ap-
proach has been tried very successfully in 2905. Which of the following were called the
which of the following countries? Presidency Bank?

319
1. Bank of Bengal, Bank of Madras, 2910. Which of the following is a non-banking

Bank of India. financial company?
2. Bank of Bengal, Bank of Bombay,

A. SBI
Bank of Madras
3. State Bank of India, Punjab National B. ICICI Bank
Bank, Allahabad Bank C. Muthoot Finance Limited
A. Only 1 D. NABARD
B. Only 2 2911. The mission of the OECD is to promote
C. Only 3 policies that will improve the economic
and social well-being of people around the
D. Both 1 & 2
world. What is the full form of OECD?
2906. Aadhar card has been issued by which A. Organisation for Economic Co-
of the following authority? operation and Dividend
A. National Payment Corporation Of India B. Organisation for Economic Chamber
B. Unique Identification Authority Of In- and Development
dia C. Organisation for Economic Council and
C. Insurance Regulatory and Develop- Development
ment Authority D. Organisation for Economic Co-
D. Small Development Bank Of India operation and Development
2912. The SBI has announced the launch of
2907. Takehiko Nakao is present president of
its UK subsidiary, SBI (UK) Limited, with
A. Asian Development Bank an initial capital commitment of million
B. World Bank pounds from its parent entity.
C. New Development Bank A. 225 million pounds
D. International Monetary Fund B. 400 million pounds
C. 725 million pounds
2908. AEPS transactions are normally con-
ducted by BCs service centres. BCs stands D. 1050 million pounds
for 2913. The minimum limit with RTGS is
A. Business Commercial A. 2 lakh
B. Business Condition B. 3 lakh
C. Branch Correspondents C. 4 lakh
D. Business Correspondents D. 6 lakh
2909. In the opening of Savings Account (few 2914. Which department of the RBI offers
other accounts also) bank ask to write the facility of opening deposit accounts to
Nominee name. Who shall be nominee? other banks?
A. Any person A. DBR
B. Known person only B. DAD
C. Female only C. DBS
D. Close blood relation only D. None of the above

320
2915. Name the bank that purchased the HSBC D. None of the above
bank’s Swiss private banking assets?
A. Six SIS AG about UCBs undertaking insurance busi-
B. Zurich Cantonal Bank ness is/are correct?
C. LGT Bank A. No UCB should undertake insurance
D. WIR Bank agency business without obtaining its
prior permission
2916. What do you understand by the term
NARAYAN CHANGDER
B. The Reserve Bank has allowed all pri-
‘Mortgage’?
mary (Urban) co-operative banks to under-
A. Registration of charge with the Regis- take insurance business on a referral ba-
trar of Companies sis, without any risk participation through
B. Making the security of immovable their network of branches
property available as a cover for a home C. The banks need not obtain prior ap-
loan by the borrower. proval of the Reserve Bank to undertake
C. Sale of moveable security in the event referral business
of default by the borrower D. None of the above
D. Registration of charge with the Re-
gional Transport Authority 2921. In CERSAI, Government of India having
a shareholding of by the Central Gov-
2917. Which of the following is not correctly ernment.
matched? A. 51%
A. Chitra Ramkrishna-National Stock Ex-
B. 49%
change
C. 74%
B. Chanda Kochar-ICICI Bank
D. 26%
C. Naina Lal Kidwai-HSBC
D. Shikha Sharma-SBI 2922. Which Bank has entered into an MoU
with Hindustan Petroleum Corporation Ltd
2918. Which of the following city is the head- (HPCL) for enabling all HPCL retail outlets
quarter of ONICRA? with BHIM/UPI merchant solutions?
A. Mumbai A. Vijaya Bank
B. Gurugram B. Corporation Bank
C. Noida C. Bank of India
D. Faridabad
2919. What is meant by Open Market Opera-
2923. In which pension plan, employers contri-
tions?
bution is specified in employees retirement
A. Purchase and sale of the Government savings funds?
Securities by RBI
A. defined benefit pension plan
B. Rationing of the credit allocated by
commercial banks by RBI B. defined contribution pension plan
C. Request by the RBI to the commercial C. defined non contributory pension plan
banks to take certain measures D. deferred contribution pension plan

321
2924. Which of the following is not a feature 2929. The BFS met to review the performance
of Microfinance? of banks under PCA and noted that the
government has infused fresh capital into

A. It provides gainful financial services to
unemployed and low-income individuals. various banks including some of the banks
currently under the PCA framework. What
B. It promotes saving of money by individ- is the full form of BFS?
uals.
A. Board for Financial Society
C. Interest rates are generally lower
than those offered by normal banks. B. Board for Financial System
D. None of these. C. Board for Financial Supervision
D. Board for Financial Service
2925. As per the new guidelines issued by
SEBI, companies are required to list shares 2930. What is the interest rate of PPF as on
within how many days of the closure of the 01st January 2018?
Initial Public Offers (IPOs)?
A. 7.6% per annum
A. 6 days
B. 7.4% per annum
B. 15 days
C. 7.8% per annum
C. 21 days
D. 7.2% per annum
D. 30 days
2931. The purpose of MUDRA is to provide
2926. RuPay payment system is a major initia- funding to the non-corporate small busi-
tive in the banking sector in India. What ness sector through various Last Mile Fi-
is its contribution? nancial Institutions like
A. It is an Indian payment system for A. Banks
debit cards
B. NBFCs
B. It is a clearinghouse for payments
C. MFIs
C. It is meant for implementation of
cheque truncation services D. All of the above
D. It scrutinizes retail loan applications 2932. Regional Rural Banks (RRBs) are classi-
fied as [NABARD 2009]
2927. Which of the following terms is not re-
lated to banking? A. scheduled commercial banks
A. Repayment B. subsidiaries of the sponsor banks
B. Loan C. subsidiaries of NABARD
C. NPA D. All of the above
D. Fasting 2933. The Union Ministry of Environment, For-
est and Climate Change launched the “Asi-
2928. In case of a demand draft is issued, the
atic Lion Conservation Project” to protect
liability of the bank will be
and conserve the population of Asiatic Lion
A. Demand liability and its associated ecosystem. What is the
B. Time liability total budget of the project for 3 years?
C. Current liability A. Rs 85.75 Crore
D. Long term liability B. Rs 110.10 Crore

322
C. Rs 90.15 Crore 2938. The security which is a claim on the gov-

D. Rs 97.84 Crore ernment and is a secure financial instru-
ment guarantees certainty of both capital
2934. Which market involves transactions in and interest is called?
which one party sells a financial asset to
A. Gilt-Edged Security
another party and agrees to repurchase an
equivalent value of financial assets? B. Call Money
A. Sterling certificates of deposit market C. Treasury Bills
NARAYAN CHANGDER
B. Secondary market
D. Certificate of Deposits
C. Primary market
D. Gilt repo market 2939. The rate of interest payable on a bank
deposits is determined by
2935. When was NABARD set up in India?
A. Indian Bank’s Association
A. 1976
B. 1979 B. the bank concerned
C. 1981 C. RBI
D. 1982 D. Finance Ministry
2936. By increasing repo rate, the economy
may observe the following effects . 2940. Name the organisation, which has an-
nounced area development plans worth Rs
A. Rate of interest on loans and advances 1, 918 crore for Punjab to supplement
will be costlier farmers’ income.
B. Industrial output would be affected to
an extent A. SIDBI
C. Banks will increase rate of interest on B. NABARD

deposits C. RBI
D. Industry houses may borrow money
from foreign countries D. SEBI
2937. NIBM is part of the grand vision of giv- 2941. Reserve Bank of India (RBI) has granted
ing a new direction to the banking industry the in-principle licence for small finance
in India and making the industry a more banks. Which among the following is true
cost-effective instrument for national de- about small finance banks?
velopment. NIBM stands for
A. Undertake basic banking activities of
A. Non-Organisation Institute of Bank acceptance of deposits and lending
Management
B. Allowed to set up subsidiaries to un-
B. National Institute of Bureau Manage-
dertake non-banking financial activities
ment
C. National Investment of Bank Manage- C. Allowed to distribute mutual fund prod-
ment ucts, insurance products and pension
products
D. National Institute of Bank Manage-
ment D. All of the above

323
2942. State Bank of India (SBI) has appointed A. International Bank for Reconstruction
Anshula Kant as Managing Director of the and Development
Bank. She has been appointed to the post

B. International Monetary Fund
for 2 years. With this appointment, SBI
now has how many MDs? C. Government Treasury
A. three D. RBI
B. six 2947. Name the India’s first credit rating
C. two agency, is incorporated, promoted by the
erstwhile ICICI Ltd, along with UTI and
D. four other financial institutions.
2943. Sukanya Samriddhi Yojana was A. CRISIL
launched in which year? B. CIBIL
A. 2015
C. ICRA
B. 2016
D. All of the above
C. 2014
2948. The Reserve Bank of India has short-
D. 2013
listed six major IT companies, including
2944. The Telecom Regulatory Authority of In- TCS, Wipro and IBM India, to set up a wide-
dia (TRAI) was, thus, established with ef- based DPCR. What does C stands for in
fect from 20th February 1997 by an Act DPCR?
of Parliament, called the Telecom Regu- A. Clearing
latory Authority of India Act, 1997, to
B. Corporate
regulate telecom services, including fixa-
tion/revision of tariffs for telecom ser- C. Corporation
vices which were earlier vested in the Cen- D. Credit
tral Government. Who is Chairman of
TRAI? 2949. Which of the following debts is treated
as Quasi-Equity by lenders?
A. Bharti Taneja
A. Junior Debt
B. RS Sharma
B. Senior Debt
C. Anil Kaushal
C. Subordinate debt
D. Rahul Khullar
2945. ‘Sensitive sector’ as defined by RBI in-
clude(s) 2950. Banks do not purchase/discount
A. capital market A. Documentary Bills
B. real estate B. Clean Bills
C. commodities C. Accommodation Bills
D. All of the above D. Usance Bills
2946. Foreign Exchange Reserves of India are 2951. Banks in our country normally publicise
kept in the custody of which of the follow- that additional interest rate is allowed on
ing? retail domestic term deposits of

324
A. Minors 2957. The Govt of India recently provided an

B. Married women amount of Rs.65, 300 cr to about 3.6 cr
farmers in India. What was the purpose
C. Senior citizens of the distribution of this much amount to
D. Govt. employees the farmers?
2952. Which international organisation helped A. To enable them to purchase tractors
in setting up of ICICI in 1955? and other hitech agricultural machines
A. World Bank B. This was given to them as a debt
NARAYAN CHANGDER
B. ADB waiver and relief package.
C. IMF C. To provide them fertilisers and ad-
vanced high-yielding seeds for the next
harvesting season
2953. Who was the chairman of the Commit- D. To help them avail Internet services
tee on Medium-term Path on Financial In- and update their knowledge about the
clusion? farming techniques and adopt new meth-
A. Chandan Sinha ods of the same
B. Deepak Mohanty
2958. “Sub Prime lending” is a term applied
C. Sushil Chandra to the loans made to
D. Nachiket Mor A. Those borrows who do not have a good
2954. How many Public Sector banks are there credit history
in India presently? B. Those who wish top take loan against
A. 18 the mortgage of tangible assets
B. 19 C. Those who have a good credit history
C. 22 and are know to bank since 10 years
D. 21 D. Those borrowers who are most pre-
ferred customers of the bank
2955. Self Help groups is related to which of
the following models? 2959. In which among the following city, The
A. Banking Model FSF was first convened-?
B. Indian Microfinance Model A. New Delhi
C. Financial Inclusion model B. Washington
D. VK Mehta Model C. New York
2956. When banks accept a fixed sum of D. Paris
money from an individual for a definite
term and pay on maturity with interest, 2960. Which of the following organisations
the deposit is known as maintains CRR?
A. Term Deposit A. SEBI

B. Demand Deposit B. RBI
C. Bond C. Ministry of Finance
D. Mortgage D. NABARD

325
2961. Which is India’s first Payment bank? 2966. Which of the following is a depository
A. PayTM Payments Bank in the country for handling shares in the
demat from?

B. JIO Payments Bank
A. NSDL
B. RBI
D. Fino Payments Bank
C. MCX
2962. Which one of the following is not an ob- D. SEBI
jective of fiscal policy?
A. Economic growth 2967. Basel norms are important international
regulatory stipulations. It is meant for
B. Economic stability
which sector?
C. Maximization of employment level
A. Insurance
D. None of these
B. Banking
2963. A centralized database with online con- C. Micro Finance
nectivity to branches, internet as well as
ATM-network which has been adopted by D. Pension funds
almost all major banks of our country is
2968. First Indian Governor of the RBI:
known as
A. C.D. Deshmukh
A. investment banking
B. Sachindra Ray
B. specialized banking
C. S. Mukherjee
C. mobile banking
D. D.I.G. Patel
D. national banking
2964. What is the meaning of Mixed econ- 2969. The Global Wage Report reviews the
omy? main trends in wages in developed, emerg-
ing and developing countries. It is pub-
A. Co-existence of small and large indus- lished by
tries
A. World Bank
B. Co-existence of public and private in-
dustries B. International Labour Organisation
C. Co-existence of the rich and poor C. World Health Organization

D. Promoting both agriculture and indus- D. UNESCO
tries in the economy
2970. PIN is the numeric password which is
2965. The discounting rate at which RBI bor- separately mailed/handed over to the cus-
rows government securities from commer- tomer by the bank while issuing the card.
cial banks is known as PIN stands for
A. Repo Rate A. Personal Identification Number
B. Reverse Repo B. Product Identification Number
C. Deposit Rate C. Payment Identification Number
D. Base Rate D. Permanent Identification Number

326
2971. What do we call the process of paying 2976. Which of the following is related to
off an existing loan and establishing a new ATMs?
loan? A. Branches of banks
A. Amortization B. manned counters of banks
B. Reconveyance C. Unmanned cash dispensers
C. Refinancing D. None of these
D. Servicing
2977. As reported in various newspapers, the
NARAYAN CHANGDER
2972. Mobile banking is set to get a boost Reserve Bank of India is planning to allow
from IMPS, which stands for more and more banks to function as “Lo-
cal Area Banks”. This will help RBI in the
A. Inter-Bank Mobile Payment Service
implementation of which of the following
B. Inter-Bank Money Portability Service of its plans/drives? [SBI 2010]
C. Intra-Bank Mobile Payment System 1. Financial Inclusion
D. Inter-Bank Money Preventing System 2. Rural Banking
3. Mobile and e-Banking
2973. Markets regulator stated that cross-
A. Only 1
holding in credit rating agencies (CRAs)
will be capped at 10 percent and also de- B. Only 2
cided to raise the minimum networth re- C. Only 3
quirement to Rs 25 crore from the current
D. Only 1 & (2)
Rs 5 crore.
A. SEBI 2978. The ‘Agriculture Export Policy, 2018’
seeks to double farm exports to 60bil-
B. IRDAI
lionby2022from60 billion by 2022 from
C. RBI 30 billion currently and will invest crore
D. NABARD to set up specialised clusters in different
states for different produce to push ex-
2974. Who is the present president of the ports.
Asian Infrastructure Investment Bank
A. Rs. 1, 400 crore
(AIIB)?
B. Rs. 2, 800 crore
A. Li Keqiang
C. Rs. 1, 000 crore
B. Wang Yi
D. Rs. 5, 300 crore
C. Xie Xuren
D. Jin Liqun 2979. With concerns being raised on some pro-
posals of the draft e-commerce policy, the
2975. India has signed a loan deal worth$ 200 government has set up a group of secre-
million with the World Bank for a National taries to look into the issues. The group
Mission. Name that mission. will be chaired by
A. Mid-Day Meal Scheme A. Personal Secretary of Prime Minister
B. Khana Khajana Abjiyan B. Secretary in Finance Ministry
C. GOBAR Dhan Scheme C. Secretary in DIPP
D. POSHAN Abhiyaan D. Chairman of Niti Aayog

327
2980. Who is Ravi Venkatesan in Banking in- B. Repo/Reverse Repo

dustry? C. Commercial Paper (CP)

A. Deputy Chief Executive of Bank of Bar- D. Certificate of Deposit (CD)
oda
B. Chief Executive of Bank of Baroda 2985. Agriculture, industry and services sec-
tors are expected to grow at the rate
C. Executive Director of Bank of Baroda of , , and respectively in 2017-
D. Chairman of Bank of Baroda 18.
2981. Which of the following is not a member A. 2.1%, 4.4%, and 8.3%
of the World Bank Group? B. 2.1%, 4.4%, and 8.7%
A. International Development Associa- C. 2.1%, 4.6%, and 8.3%
tion (IDA) D. 2.8%, 4.4%, and 8.3%
B. International Bank for Reconstruction
and Development (IBRD) 2986. Which position does India hold in For-
eign Exchange Reserve?
C. International Finance Corporation
(IFC) A. 7th
D. Bank of International Settlement (BIS) B. 2nd

C. 9th
2982. A joint account mandates both account
holders to sign, it means that- D. 3rd
1. Any deposit made must be signed by 2987. IndusInd Bank Limited is a based In-
both parties. dian new generation bank, established in
2. Any withdrawal made must be 1994.
signed by both parties. A. Bengaluru
3. Any deposit and withdrawal made
must be signed by both parties. B. Mumbai
A. Only 1 C. Chennai
B. Only 2 D. Kolkata
C. Only 3 2988. Interest payable on savings bank ac-

D. Both 2 and 3 counts is:
A. not regulated by RBI
2983. Which of the following is NOT a foreign
bank working in India? B. regulated by Sate Governments
A. HSBC C. regulated by Central Government
B. Barclays D. regulated by RBI
C. Standard Chartered 2989. Which one is not the Government Secu-

D. Yes Bank rities?
A. T-Bill.
2984. Which of the following is the most ac-
tive segment of the money market in In- B. Floating rate Bonds
dia? C. Dated Securities
A. Call Money/Notice Money Market D. Call/Put Option Bonds.

328
2990. NABARD All India Financial Inclusion C. 18 months

Survey (NAFIS), conducted by National
D. 20 months
Bank for Agriculture and Rural Develop-
ment (NABARD), was released by Dr. Ra- 2995. The government launched the ‘Bharat
jiv Kumar, Vice Chairman, NITI Aayog in 22’ ETF managed by ICICI Prudential Mu-
New Delhi. About of agricultural house- tual Fund, targeting an initial amount of
holds and of non-agricultural house- about Rs8, 000 crore. What is the mean-
holds reported to have been covered under ing of “T” in ETF?
one or the other type of insurance.
NARAYAN CHANGDER
A. Timing
A. 46% and 45%
B. Transaction
B. 26% and 25%
C. Traded
C. 06% and 05%
D. Treaty
D. 16% and 15%
2991. When a bank returns a cheque unpaid, it 2996. During which plan was the National
is called: Bank for Agriculture and Rural Develop-
ment (NABARD) established to facilitate
A. payment of the cheque the rural credit and agricultural develop-
B. drawing of the cheque ment?
C. cancelling of the cheque A. Third Five Year Plan
D. dishonor of the cheque B. Fifth Five Year Plan
2992. General Insurance Corporation (GIC) of C. Sixth Five Year Plan

India is a state owned enterprise in India. D. Eighth Five Year Plan
Where is the head office of GIC?
2997. Public sector IDBI Bank has received the
A. Kolkata
capital infusion of from the government
B. Chennai of India.
C. New Delhi A. Rs 5, 262 crore
D. Mumbai B. Rs. 2, 257 crore
2993. Hyderabad is the headoffice of which of C. Rs 2, 729 crore
the following banks?
D. Rs 3, 213 crore
A. Syndicate Bank
2998. Industrial Development Bank of India
B. UCO Bank
(IDBI) was established in 1964 by an Act
C. Corporation Bank to provide credit and other financial facil-
D. Andhra Bank ities for the development of the fledgling
Indian industry. IDBI Bank is a
2994. RBI increased the validity period of the
A. Private Sector Bank
in-principle approval of setting up of new
banks from one year to B. Nationalized Bank
A. 14 months C. Public Sector Bank
B. 16 months D. Small Finance Bank

329
2999. Moody’s Investors Service’s annual C. fourth

Banking System Outlook on India esti- D. third
mated the country’s real gross domestic

product (GDP) for the current financial 3004. Which of the following counts under
year (2018-19) and next fiscal (2019-20) SLR?
to grow at and respectively. A. Cash in Hand
A. 7.9% and 7.2% B. Gold owned by the bank
B. 7.1% and 7.3% C. Balance with RBI
C. 7.7% and 7.1% D. All of the above
D. 7.2% and 7.4%
3005. Who is the present Chairman of HDFC
3000. What was the maximum limit of Statu- Bank?
tory Liquidity Ratio had Narasimham Com- A. Uday Kotak
mittee recommended?
B. Chanda Kochhar
A. 25%
C. Shikha Sharma
B. 20%
D. Aditya Puri
C. 15%
D. 18% 3006. The Reserve Bank of India will
soon put into circulation currency notes
3001. Kisan Credit Card scheme was launched in denomination.
in the year A. three rupee
A. 2000 B. four rupee
B. 1998 C. two rupee
C. 1996 D. one rupee
D. 1992
3007. An agreement, which in fact is a con-
3002. As decided by the Reserve Bank of In- tract, between the RBI and banks for the
dia, all the villages with a population of sale and repurchase of government securi-
2000 will have access to financial services ties and short-term treasury bills at a fu-
by the end of ture date and for which the RBI indicates
A. 2009-10 ‘the interest rate’, is generally known as
B. 2010-11 A. repo rate
C. 2011-12 B. bank rate
D. 2012-13 C. reverse repo rate

D. prime lending rate
3003. The cabinet has approved the merger of
Vijaya Bank & Dena Bank with Bank of 3008. NIBM is an Indian institution for re-
Baroda. After this merger, Bank of Bar- search, training, and consultancy in bank-
oda will become the biggest public sec- ing and finance. What is the meaning of
tor bank. “B” in NIBM?
A. fifth A. Base
B. second B. Bank

330
C. Branch loan backed only by promise to repay,

D. Banking and for this reason the personal loan also
called
3009. Finance Ministry has proposed how A. Transfer loan
much percent deduction to companies regis-
B. Signature loans
tered as Farmer Producer Companies with
an annual turnover upto Rs. 100 crore C. Priority sector loan
on profit derived from such activities, for D. Secured loans
NARAYAN CHANGDER
a period of five years from financial year
2018-19? 3014. Gross Domestic Product (GDP) is de-
fined as the value of all
A. 10%
A. goods produced in an economy in a
B. 80% year
C. 90% B. goods and services in an economy in a
D. 100% year
C. final goods produced in economy in a
3010. The net wealth of the aggregate econ-
year
omy is equal to the sum of which of the
following? D. final goods and services produced in
an economy in a year
A. All real assets
B. All financial assets 3015. The Base rate of each bank is to be re-
viewed after every
C. All physical assets
A. Quarter
D. All real and financial assets
B. Month
3011. Who among the following has assumed C. Year
charge as Managing Director and Chief Ex-
D. Week
ecutive Officer (UCO) of UCO Bank?
A. Shikha Sharma 3016. Which of the following bank has re-
cently signed an MoU with Kathmandu-
B. R K Takkar
based National Banking Institute (NBI) for
C. Tanya Kumari Goel the development of human resources in
D. Atul Kumar Goel Nepal.
A. EXIM Bank
3012. NABARD has sanctioned how much
crore for eight water projects in the rural B. Bank of Baroda
areas of Haryana? C. Punjab National Bank
A. Rs 1240 crore D. State Bank of India
B. Rs 772 crore 3017. The Head of the Reserve Bank of India
C. Rs 1013 crore is designated as the
D. Rs 50 crore A. Chief Executive Officer
B. Managing Director
3013. A personal loan is a kind of unsecured
loan which can be used for any purpose C. Chief Banking Officer
that the borrower deems necessary. The D. None of these

331
3018. Yes Bank has announced the launch of 3022. and SBI Life Insurance came together
‘Yes GST’, an OD (over draft) facility for and signed a bancassurance pact, to offer
a holistic financial planning solution to con-

A. SME
sumers.
B. MSME
C. BPL People
B. Allahabad Bank
D. Farmers
C. Canara Bank
3019. is an electronic fund transfer system D. Bank of Baroda
that operates on a Deferred Net Settle-
ment (DNS) basis which settles transac- 3023. Crossing of cheques makes them
tions in batches. A. invalid document
A. NEFT B. ineligible to endorse to person other
B. RTGS than the payee
C. NPCI C. remain the same in all respect, it is
D. BBPS only a practice
D. eligible for payment irrespective of suf-
3020. The concept of self groups is one of the ficient balance in the account
crucial working models for promoting mi-
cro finance. What is the basis of this 3024. was appointed by PM in July 2012
model? to look into taxation of IT sector.
A. It is linked to the concept of group A. Rangachary committee
guarantee B. Bimal Jalan Committee
B. Each member waits for his chance to C. C N R Rao Committee
get the bank loan as per seniority in the
group D. Damodran Committee
C. Such groups prepare their own plan 3025. What is total Forex reserve of India at
for savings and credit present time?
D. They work on the principle of sharing A. US$405.1434 billion
their profit among members B. US$406.1434 billion
3021. On the balance sheet of a company, the C. US$123.4532 billion
value of the asset bought through hire pur- D. US$407.1434 billion
chase will appear as which of the follow-
ing? 3026. The World Bank has approved how
A. Cost less depreciation to date less much amount to expand the use of
amount owing on hire purchase less inter- clean renewable energy in rural areas of
est owing Bangladesh where grid electricity cannot
reach easily?
B. Cost less amounts owing on hire pur-
chase A. $ 50mn
C. Cost less depreciation to date B. $ 215mn
D. Cost less depreciation to date less C. $ 100mn

amount owing on hire purchase D. $ 55mn

332
3027. What should be the paid up capital of 3032. According to Banking Regulation Act,
the bank to be a Scheduled Commercial RBI can fix SLR upto the ceiling of
Bank as per the RBI Act 1934? A. 40%
A. Rs 10 lakhs B. 50%
B. Rs 1 crore C. 60%
C. Rs 5 lakhs D. 75%
D. Rs 5 crore
NARAYAN CHANGDER
3033. Often, we read in the newspapers that
several Indian companies are taking the
3028. Many a times we read in newspapers
FCCB route to raise capital. What does the
a term CBS. What does B denotes in the
term FCCB stand for?
term ‘CBS’?
A. Foreign Currency Convertible Bond
A. Business
B. Foreign Convertible Credit Bond
B. Banking
C. Financial Consortium and Credit Bu-
C. Base reau
D. Bond D. Future Credit and Currency Bureau
3029. Recently, an Expert Panel on Mone- 3034. Original headquarters of RBI were lo-
tary Framework set up by the RBI recom- cated at ?
mended to strengthen and revise the cur-
A. Calcutta
rent monetary policy framework. The Ex-
pert Panel was headed by? B. Bombay
A. Raghuram G Rajan C. Madras
B. Peter J. Montiel D. New Delhi
C. Rupa Nitsure 3035. One can file the appeal against the de-
D. Urjit Patel cision of the Banking Ombudsman reject-
ing the complaint within how many days
3030. When was the Public Debt Act passed? of the date of receipt of the Award?
A. 1935 A. 25 days
B. 18 days
B. 1942
C. 15 days
C. 1944
D. 30 days
D. 1947
3036. Which of the following is not a part of
3031. Forward Markets Commission was the the scheduled banking structure in India?
regulator for which of the following? [Indian Overseas Bank 2011]
A. Futures market A. State Co-operative Banks
B. Currency market B. Public Sector Banks
C. Commodities futures market C. Private Sector Banks
D. Bullion market D. Moneylenders

333
3037. The tagline of Indian Overseas Bank is 3042. How is pension calculated?
A. Good people to grow with A. 50% of emoluments (last pay) or aver-

B. Good people to banks with age emoluments, whichever is more ben-
eficial to the retiring Govt.
C. Pure banking
B. 70% of emoluments (last pay) or aver-
D. Only Banking nothing else age emoluments, whichever is more ben-
3038. Who has been appointed as 15th Fi- eficial to the retiring
nance Commission Chairman? C. 20% of emoluments (last pay) or aver-
age emoluments, whichever is more ben-
A. Shaktikanta Das
eficial to the retiring Govt.
B. Anoop Singh
C. Ramesh Chand
3043. The Reserve Bank of India has issued a
D. NK Singh
licence to to launch operations in India.
3039. Small and marginal farmers get special A. CITIC Ka Wah Bank Limited
treatment from banks. Who ae these
B. China Construction Bank
marginal farmers?
C. Bank of China
A. Those who have land for cultivation up
to 1 acre D. Chong Hing Bank Limited
B. They are paid daily wages of Rs. 100/- 3044. Which Bank has launched the fourth edi-
for working on the land tion of ‘Evolve’ in Coimbatore, Tamil Nadu
C. They have land holdings upto 2 acres recently?
D. All of the above A. Axis Bank
B. ICICI Bank
3040. What are Teaser Loan rates charged by
Banks? C. State Bank of India
A. Rate of interest in the initial period is D. Bank of Baroda
more and it goes down subsequently.
3045. When Indian companies raise funds
B. Rate of interest in the intial period is overseas what is the process known as?
less and goes up subsequently.
A. Participatory notes
C. Fixed Rate of interest charged by
B. Foreign currency non-resident ac-
Banks
counts
D. Floating rate of interest charged by C. Foreign currency convertible bonds
Banks.
D. Nostro accounts
3041. Which of the following is a statistic that
measures how the returns of two risky as- 3046. A bank without any branch network
sets move together? that offers its services remotely through
online banking, telephone/mobile banking
A. Correlation and interbank ATM network alliances is
B. Standard deviation known as
C. Variance A. Universal Banking
D. None of the above B. Indirect Bank

334
C. Door Step Bank 3051. In addition to cash dispensing, the

D. A Direct Bank other services/facilities available at ATMs
includes
3047. Loans of small or very small amounts 1. Account information
given to low-income-group people are 2. Purchase of Re-load Vouchers for
known as [Allahabad Bank 2011] mobiles
A. Investment Loans 3. Loan account enquiry
B. Micro Credit A. Only 1
NARAYAN CHANGDER
C. Saving loans B. Only 2
D. Secured loans C. Only 3
D. All the above
3048. On which of the following issues can
SEBI penalise any company in India? 3052. What is the time period for an interme-
1. Violation of Banking Regulation Act diate term corporate loan?
2. Violation of foreign portfolio invest- A. 3 Year
ment guidelines B. 4 Year
3. Violation of Negotiable Instrument
Act C. 2Year
D. 7 Year
A. Only 1
B. All the above 3053. KV Rama Moorthy has assumed charge
as Managing Director and Chief Execu-
C. Only 1 and 2
tive Officer of Tamilnad Mercantile Bank.
D. Only 2 Tamilnad Mercantile Bank based in
3049. Intermediate goods are excluded from A. Rajasthan
GDP because B. Kerala
A. they represent goods that have never C. Gujarat
been purchased so they cannot be D. Tamil Nadu
counted
B. their inclusion would understate GDP 3054. In the financial year 2016-17, total FDI
of US$ 60.08 billion has been received,
C. their inclusion would involve double which is an all-time high. The Cabinet
counting chaired by has approved amendments in
D. the premise of the question is incor- FDI Policy and further liberalized few of
rect because intermediate goods are di- the policies of FDI.
rectly included in calculating GDP A. Arvind Subramanian
3050. Who is/are eligible to open an EEFC Ac- B. Urjit Patel
count? C. Hasmukh Adhia
A. Individuals D. Narendra Modi
B. Companies 3055. International Day of Rural Women is ob-
C. Residents of India served on?
D. All of the Above A. September 15

335
B. July 15 3061. In July 1969, how many Commercial

C. December 15 Banks were nationalized?

A. 13
D. October 15
B. 14
3056. Which of these is a quantitative instru-
C. 15
ment of Monetary Policy?
D. 16
A. Repo rate
B. CRR 3062. Slogan of Federal Bank is ?
C. SLR A. For all your needs

B. One family one bank
D. All of the above
C. Together we can
3057. RBI known as lender of last resort be-
D. Your Perfect Banking Partner
cause:
A. It has to meet the credit need of citi- 3063. Pradhan Mantri Suraksha Bima Yojana
zens to whom no one else is willing to lend (PMSBY) is Indian Government’s acciden-
tal insurance cover which was announced
B. Banks lend to go to RBI as a last resort in the 2015 Budget. The annual premium
C. It comes to help banks in times of cri- of PMSBY is scheme is excluding the
sis service tax.
D. None of these A. Rs.30
B. Rs.45
3058. With reference to Banking, The 15th
day of a month is known as C. Rs.28
A. Banking Day D. Rs.12
B. Customer’s Day 3064. Which Bank has launched three innova-
C. Holiday tive information technology (IT) products
named VPAYQWIK, Vijaya *99# and V-
D. Complaints Day eConnect+?
3059. Maximum limit (amount) that can be in- A. Vijaya Bank
vested in Kisan Vikas Patra (KVP) Certifi- B. Bank of India
cate is?
C. Indian Bank
A. Rs.100
D. Allahabad Bank
B. Rs.200
3065. Which of the following policies of the
C. Rs.500 financial sectors is basically designed to
D. No limit transfer local financial assets into foreign
financial assets freely and at market de-
3060. World Photography day is observed on: termined exchange rates? Policy of
A. 17th August A. Capital Account Convertibility
B. 19th August B. Financial Deficit Management
C. 20th August C. Minimum Support Price
D. 22nd August D. Restrictive Trade practices

336
3066. Infrastructure Finance Company should B. State Bank of India

contribute how much per cent to the equity C. Vijaya Bank
of IDF-NBFCs?
D. Bank of Baroda
A. 40%
3071. When was the process of introducing
B. 49%
computerization in all branches of banks
C. 45% began in 1993?
D. 51% A. 1991
NARAYAN CHANGDER
3067. 1 Money Supply as defined by the Re- B. 1992
serve Bank of India, M includes C. 1993
A. Currency with the public D. 1994
B. Currency, demand deposits with 3072. Atal Pension Yojana or APY is open to
Banks and other deposits with RBI all saving bank/post office saving bank ac-
C. Currency with the public and time de- count holders in the age group of years
posits with Banks and the contributions differ, based on pen-
sion amount chosen.
D. Currency with the public and deposits
with National Savings Organizations A. 18 to 70 years
B. 18 to 50 years
3068. What is the full form of CARE ratings
and when it was established? C. 18 to 40 years
A. Credit Analysis and Research Limited, D. 18 to 60 years

1993 3073. India broke into the top 100 in the
B. Credit Analysis and Research Estab- World Bank’s Ease of Doing Business rank-
lishment, 1992 ings, notching up the biggest improvement
among all countries on the back of big
C. Credit Arrangement and Research En-
gains on a number of measures. Which
terprises, 1996
country has topped in Ease of Doing Busi-
D. None of the Above ness rankings 2017?
3069. According, to Asian Development Bank A. Norway
supplement report India is expected B. Singapore
to achieve the projected growth rate C. New Zealand
of per cent in 2017.
D. Switzerland
A. 7.6 per cent
3074. The Reserve Bank of India (RBI) will
B. 7.4 per cent
transfer crore of its surplus money to
C. 7.2 per cent the government, the highest since 2015-
D. 7.8 per cent 16, in a partial relief for the latter strug-
gling to replenish public sector banks.
3070. Which Bank has tied up with Dig-
A. Rs.70, 000
ital invoice discounting marketplace-
Invoicemart to discount invoices for B. Rs.50, 000
MSMEs? C. Rs.40, 000
A. ICICI Bank D. Rs.90, 000

337
3075. The PCR will collect data from which of D. All of the above
the following entities?
3080. TRAI is the regulator of the telecommu-

A. SEBI nications sector in India. In which year
B. Goods and Services Network TRAI was established?
C. Insolvency and Bankruptcy Board of A. 1999
India
B. 1997
D. All of the above
C. 1998
3076. Which is the card that looks like any D. 1996
other plastic card or an ATM card with In-
tegrated Circuit (IC chip)? 3081. Under which of the following methods
A. Member card of depreciation, amount of depreciation
varies every year?
B. Charge card
A. Written Down Value Method
C. Credit card
B. Straight Line Method
D. Smart card
C. Amount of depreciation does not vary
3077. The written insurance contract that may on year to year basis
include all clauses, riders and endorse-
D. Either A or B
ments. It is called?
A. Liabilities 3082. Which public sector bank has the tagline
“Your Tech-friendly bank”?
B. Premium
A. Dena bank
C. Installment
B. Bank of Baroda
D. Policy
C. Indian bank
3078. FCCB is a type of corporate bond issued
by an Indian company in an overseas mar- D. United Bank
ket in a currency different from that of the 3083. Mutual funds are required to be regis-
issuer. FCCB stands for tered with:
A. Foreign Currency Convertible Board A. AMFI
B. Foreign Currency Convertible Banking B. SEBI
C. Foreign Currency Convertible Bond
C. IBA
D. Foreign Currency Convertible Base
D. RBI
3079. Central Co-operative Banks
3084. Bharatiya Reserve Bank Note Mudran
A. occupy a crucial importance in the co- Private Limited (BRBNMPL) was estab-
operative credit structure lished by Reserve Bank of India (RBI) as
B. form an important link between the its wholly owned subsidiary on
State co-operative bank at the apex and A. 03rd February 1991
the primary agricultural credit societies at
the base B. 03rd February 1992
C. are closer to the primary societies C. 03rd February 1997

than an Apex Bank could be one D. 03rd February 1995

338
3085. Where is the registered office of 3090. This organisation is made for empower-
National Federation of Urban Coopera- ing Micro, Small and Medium enterprises
tive Banks and Credit Societies Limited in India?
(NAFCUB)? A. ECGC
A. Mumbai
B. RBI
B. Shimla
C. RRB
C. Kolkata
D. SIDBI
NARAYAN CHANGDER
D. New Delhi
3091. State-run Power Grid Corporation of In-
3086. Which of the following indicates the dia (PGCIL) has inked a pact with the Min-
wealth of a person? istry of Power to incur capital expenditure
A. Bank balance of for the current fiscal.
B. Capital A. Rs20, 000 crore
C. Net worth B. Rs25, 000 crore
D. Assets C. Rs30, 000 crore
3087. Which of the following statements is D. Rs35, 000 crore
true?
3092. ECGC is essentially an export promo-
A. Banks cannot accept demand and time
tion organization, seeking to improve the
deposits from public.
competitiveness of the Indian exporters by
B. Banks can accept only demand de- providing them with credit insurance cov-
posits from public. ers. What is meaning of “G” in ECGC?
C. Banks can accept only time deposits A. Guarantee
from public.
B. General
D. Banks can accept both demand and
time deposits from public. C. Government
D. Grameen
3088. What do we call the banking oriented
towards mass welfare and financial inclu- 3093. What is a RS.RS.Settlement”?
sion of the poor?
A. settlement of payment instructions
A. Mass Banking which bank has send
B. Narrow banking B. settlement of refunds
C. Social banking C. settlement of payment instructions re-
D. None of the above ceived
3089. Which of the following are money mar- D. none of the above
kets instruments?
3094. How many banks were Nationalised in
A. A 14-day repurchase agreement of 1969 under the Banking Companies (Acqui-
Treasury 8% 2007 sition and Transfer of Undertakings) Ordi-
B. A treasury bill with 7 days to maturity nance, 1969?
C. A 3-month certificate of deposit A. 15
D. All of the above B. 14

339
C. 13 3099. As reported in some financial newspa-

pers, some banks in India (including ma-
D. 11
jor banks) these days are not accepted

3095. A specific risk or cause of loss covered US dollar transactions from Iranian buyers.
by an insurance policy, such as a fire, wind- Which of the following is the major reason
storm, flood, or theft. It is called? of banks not accepting such transactions
from Iran? [OBC 2008]
A. Peril
1. USA has put a ban on major Iranian
B. Pooling Banks, hence Indian banks are also
C. Proximate not accepting transaction from Iran
as they do not get return of the
D. Premium same from it.
2. Iran is facing a major Recession,
3096. As per guidelines of Reserve Bank of In-
hence all Banks have stopped major
dia, a new private sector bank
transactions with Iranian banks.
A. shall be subject to prudential norms in 3. Iran has declared itself as an Islamic
regard to income recognition, asset clas- country and hence its banking is also
sification and provisioning, capital ade- Islamic Banking. This is the reason
quacy, etc. owing to which most of the coun-
B. shall have to observe priority sector tries are not able to develop finan-
lending targets as applicable to other do- cial ties with it.
mestic banks A. Only 1
C. will be required to open rural and semi- B. Only 2
urban branches C. Only 3
D. All of these D. Both 1 & 2
3097. In which of the following risks, ambigu- 3100. Interest spread is a commonly used term
ity introduced by organization, finances its in banking. What does it describes?
investments? A. The sum total of discount and interest
A. country risk from loans.
B. financial risk B. aggregate deposits plus aggregate ad-
vances.
C. liquidity risk
C. total interest earned over total inter-
D. business risk est expended.
3098. In economic terms, the total market D. total interest earned less the non-
value of all final goods and services pro- interest expenses.
duced in a country in a given year is known 3101. Which of the following taxes is not
as levied by the Government of India?
A. GNI A. Income Tax
B. GDP B. Professional Tax
C. inflation C. Excise Duty
D. PPP D. Dividend Distribution Tax

340
3102. The government has set up a four- 3106. Which among the following terms is
member group of ministers (GoM) headed commonly not associated with Budgets in
by trade minister Suresh Prabhu to advise India?
Prime Minister Narendra Modi on whether
A. Outcome Budget
to continue with or withdraw from the 16-
member RCEP negotiations. What is the B. Gender Budget
full form of RCEP?
C. Austerity Budget
A. Random Comprehensive Economic
NARAYAN CHANGDER
Partnership D. Gross Budgetary Support
B. Regional Composition Economic Part-
nership 3107. The major shareholders in Asset Recon-
struction Company of India Limited (ARCIL)
C. Regional Comprehensive Economic
other than SBI are?
Preparation
D. Regional Comprehensive Economic A. IDBI & Canara Bank
Partnership B. ICICI & HDFC
3103. In the field of banking, what does ADF C. IDBI & HDFC
stand for?
D. IDBI & ICICI
A. Additional Dearness Allowance
B. Automated Data Flow 3108. Where is the Head Office of Suryoday
C. Additional Deposit Allowance Small Finance Bank?
D. Automated Deposit Allowance A. Jaipur
3104. What is Repo Rate? (IBPS 2011) B. Bhopal
A. It is a rate at which RBI sell govern-
C. Nagpur
ment securities to banks
B. It is a rate at which RBI buys govern- D. Navi Mumbai
ment securities from banks
3109. Which was the first RRB in India to
C. It is a rate at which RBI allows small
adopt CBS platform?
loans in the market
D. It is a rate which is offered by Banks A. Prathama Bank
to their most valued customers or prime B. Telangana Grameen Vikas Bank
customers
C. Rushikulya Gramya Bank
3105. The Union Government has ap-
pointed former Reserve Bank of India D. Gaur Gramin Bank
governor as the head of the panel that
has been tasked with selecting India’s 3110. ‘Global Market’ means market of
next chief economic advisor (CEA).
A. USA
A. Manmohan Singh
B. China
B. Bimal Jalan
C. D Subbarao C. OPEC members
D. Raghuram Rajan D. All major countries and their alliances

341
3111. Name the Bank, which is in the pro- B. The gram banks are set up in food
cess of formation of a wholly owned sub- scare areas like drought prone areas.
sidiary company, has executed MOU with

C. Village Panchayats who were running
Infopark Kakkanad for leasing space in Village Grain Banks earlier are now not au-
their campus. thorized to run.
A. South Indian Bank D. Both A and B
B. Federal Bank
3116. The European Union has adopted which
C. Kotak Mahindra Bank of the following as a common currency?
D. ICICI Bank [Indian Overseas Bank 2011]
A. Dollar
3112. Which of the following committee has
great role in forming a public grievance B. Dinar
system for a customer suffering from C. Yen
grievances related to Housing Loans?
D. Euro
A. Goiporia Committee
3117. Who are eligible to issue Commercial Pa-
B. Jilani Committee
per (CP)?
C. Mitra Committee
A. Corporates
D. Rangarajan Committee
B. Primary dealers (PDs)
3113. National E-Repository Limited (NERL), C. All-India Financial Institutions (FIs)
a group company of National Commodity
D. All of the above
and Derivatives Exchange Limited (NCDEX
), has brought in and on board as the 3118. Floating Exchange Rate is also referred
depository participants for pledge finance. to as
A. Federal Bank and HDFC Bank A. Real Exchange Rate
B. State Bank OF India and HDFC Bank B. Controlled Exchange Rate
C. ICICI Bank and Kotak Mahindra Bank C. Fixed Exchange Rate
D. ICICI Bank and HDFC Bank D. Flexible Exchange Rate
3114. Deposits which can be withdrawn by a 3119. Who is the present Chairman of the
customer without notice is called? State Bank of India?
A. Time Deposits A. Pratip Chaudhury
B. Demand Deposits B. Naina Lal Kidwai
C. Variable Deposits C. Shikha Sharma
D. Low cost Deposits D. Arundhati Bhattacharya
3115. about the “Village Gram Bank 3120. The has the responsibility of admin-
Scheme”? istering the functions of currency manage-
A. The scheme is launched to provide ment, a core function of the Reserve Bank
safeguards against Starvation during the in terms of the Reserve Bank of India Act,
period of natural calamities or lean sea- 1934.
son. A. Derivative of Currency Management

342
B. District of Currency Management 3125. When the growth of GDP in a country

C. Department of Currency Management slows down suddenly, people start losing
their jobs and the situation continues for
D. Department of Currency Manager several weeks, what name is given to this
3121. In which of the following years, Lead state of economy (A big country was in
Bank scheme was finalised? this state recently)?
A. 1969 A. Inflation
B. 1960 B. Recession
NARAYAN CHANGDER
C. 1981 C. Deflation
D. 1993 D. Economic boom
3122. For which of the following reasons RBI 3126. At present, the trade between India and
has decided to undertake mid-quarter pol- China is in a state of ‘payment imbalance’,
icy reviews? [Allahabad Bank 2011] what does this mean in real terms?
1. To re-align its policies 1. China does not import many items
2. To take steps and ensure smooth from India whereas India imports
flow of credit more from China.
3. To provide guidance to the economy 2. China does not pay India in time and
a lot of delay is reported by the ex-
A. Only 1
porters.
B. Only 2 3. India wants all payments to be
C. Only 3 made in US dollars areas China pays
in its own currency.
D. All the above
3123. Opening of maximum of ATMs is an ex- is/are correct?
ample of which of the following?
A. Only 1
A. Indirect marketing
B. Only 2
B. Direct marketing
C. Only 3
C. Social marketing
D. All of the above
D. None of these
3127. Which among the following is related to
3124. SIDBI set up on 2nd April under an bank risks?
Act of Indian Parliament, acts as the Prin-
cipal Financial Institution for Promotion, A. Deposits
Financing and Development of the Micro, B. Bank funds
Small and Medium Enterprise (MSME) sec- C. NPA
tor as well as for coordination of functions
of institutions engaged in similar activi- D. All of these
ties. 3128. BCSBI was set up to ensure that the
A. 1956 common person as a consumer of financial
B. 1999 services from the banking Industry is in no
way at a disadvantageous position and re-
C. 1992 ally gets what he/she has been promised.
D. 1990 BCSBI stands for-?

343
A. Branch Codes and Standards Board of 3133. YONO is an integrated digital banking
India platform offered by State Bank of India
(SBI) to enable users to access a variety

B. Banking Codes and Stability Board of
India of financial and other services such as taxi
bookings, online shopping, or medical bill
C. Banking Codes and Standards Bank of payments. YONO stands for
Industry
A. You Only Need Only
D. Banking Codes and Standards Board of
B. You Only Need One
India
C. You Only Nation One
3129. Which of the following payment banks
D. Yahoo Only Need One
and private life insurer Bajaj Allianz Life In-
surance Co Ltd (BALIC) has entered into a 3134. The DIC Bill was introduced in the Par-
strategic partnership to provide life insur- liament on August 21st 1961. What is the
ance solutions, especially at the doorstep meaning of “D” in DIC?
of every household in the country?
A. Distance
A. India Post Payments Bank
B. Development
B. Aditya Birla Payments Bank
C. Deposit
C. Paytm Payments Bank
D. Demand
D. Airtel Payments Bank
3135. In which year National Electronic Fund
3130. Which one of the following banks cre- Transfer started in India?
ates credit?
A. 2004
B. 2002
B. Commercial Bank
C. 2006
C. Industrial Banks
D. 2005
D. Land Mortgage Banks
3136. When RBI acts as a baker to the govern-
3131. Demand pull inflation can be caused by ment, what does it do?
money factors including A. RBI keeps bank accounts of the gov-
A. a fall in the consumption expenditure ernment
B. a sharp increase in the unemployment B. RBI carries out government transac-
tions
C. a steep reduction in the direct taxation
C. RBI advises the government on all fi-
D. an increase in the income tax
nancial and monetary matters
3132. Pension Fund Regulatory and Develop- D. All of the above
ment Authority (PFRDA) is authorized by?
3137. Where is the Registered Office of Agri-
A. GOI
culture Insurance Company of India Lim-
B. RBI ited?
C. Ministry of Commerce A. Hyderabad
D. Ministry of Finance B. Chennai

344
C. Mumbai 3142. The government has retained the inter-

D. New Delhi est rate for General Provident Fund (GPF),
Contributory Provident Fund and other re-
3138. Which of the following is incorrect about lated schemes at per cent for the first
the acceptance of deposits by the NBFCs? quarter of the current financial year.
A. They are allowed to accept/renew pub- A. 8.00%
lic deposits for a minimum period of 12
months and maximum period of 60 months B. 8.50%
NARAYAN CHANGDER
B. They cannot accept deposits repayable C. 7.50%
on demand
D. 9.00%
C. They should have minimum investment
grade credit rating 3143. “CRAR” stands for?
D. The repayment of deposits by NBFCs is A. Currency to risk weighted assets ratio
guaranteed by RBI
B. Capital to risk weighted assets ratio
3139. Which of the following is the parent or-
ganisation of UPI? C. Capital to risk weighted accurate ratio
A. RBI D. Capital to rest weighted assets ratio

B. GOI
3144. Who can work as a Banking Correspon-
C. NPCI dent?
D. PMMY A. Individuals
3140. Which of the following describes the B. NGOs
term ‘legal tender?
C. Micro-finance Institutions
A. Any object legally used as money in a
country D. All of the above
B. Money which cannot legally be refused
3145. Who among the following appoints the
in discharge of a debt
“authorised Dealers” for foreign exchange
C. Bank notes where they are in legal cir- transactions?
culation
A. GOI
D. Notes or coins other than the counter-
feited ones B. RBI
3141. Reserve Bank allowed a one-time C. PSBs

restructuring of existing debt up to D. FEDAI
Rs crore for the companies which have
defaulted on payment but the loans given 3146. Gurugram, Haryana is the headoffice of
to them have continued to be classified as which of the following banks?
standard assets.
A. Rs 50 crore
B. Rs 25 crore B. Oriental Bank of Commerce
C. Rs 10 crore C. State Bank of India

D. Rs 40 crore D. United Bank of India

345
3147. Which of the following term is related 3151. Corporation tax

to Banking/Finance? A. Is levied and appropriated by the
states.

A. Acne
B. Ativan B. Is levied by the union and collected
and appropriated by the states.
C. Empire
C. Is leveid by the union and shared by
D. Encryption the union and the states.
D. Is levied by the union and belongs to it
3148. Consider the following statements with
exclusively.
respect to IFSC code used in Banking Sys-
tem: 3152. Name the lender that has appointed
1. IFSC Stands for Indian Financial Sys- Radhakrishnan Nair as an additional (in-
tem Code. dependent) director of the bank for five
2. It is an 11-digit alphanumeric years.
Unique Code. A. HDFC Bank
3. IFSC is used be the NEFT system to
B. Axis Bank
route the message to the destina-
tion banks/branches. C. ICICI Bank
A. Only 1 D. IDFC Bank
B. Only 2 3153. The Purchasing Managers’ Index (PMI)

is a venture of?
C. Only 3
A. HDFC
D. All 1, 2, and 3
B. HSBC
3149. Reverse mortgage loans are meant for C. ICICI
which of the following category of cus- D. EXIM Bank of India
tomers?
3154. The RBI has imposed a monetary
A. Retired persons
penalty of on ICICI Bank Limited for non-
B. Retired government officials compliance with the directions issued by
the RBI on direct sale of securities from
C. Senior citizens
its Held To Maturity (HTM) portfolio and
D. Individuals retired from public sector specified disclosure in this regard.
undertakings
A. Rs. 100.2 crore
3150. The process by which a life insurance B. Rs. 402.1 crore
policyholder can transfer all rights, title C. Rs. 58.9 crore
and interest-under a policy contract to a
D. Rs. 1000.8 crore
third person is known as
A. Assignment of the policy 3155. Who or what is a person or institution
designated by a bond issuer as the official
B. Hypothecation of the policy representative of the bondholders?
C. Reinvestment of the policy A. Debt trustee.
D. Negotiation of the policy B. Debenture.

346
C. Bond trustee. 3160. Foreign Exchange Rates in India are de-

D. None of the above termined by
A. RBI
3156. Which of the following is/are the com-
B. SEBI
ponents of the Fiscal Deficit?
C. Planning Commission
1. Budgetary Deficit
2. Market Borrowing D. Market Forces of demand/supply
3. Expenditure made from Pradhan 3161. The Deposit insurance facility provided
NARAYAN CHANGDER
Mantri Rahat Kosh by the DICGC is not available for which of
Select the correct answer using the codes the following
given below: A. LIC
A. Only 1 B. GIC
B. Only 2 C. SIDBI
C. Only 3 D. NBFCs
D. All of these 3162. Who amongst the following has sug-
gested to the banks in India to give details
3157. Interest payable on savings bank ac-
of fund transfers to customers via SMS/E-
counts is [IBPS 2011]
mails?
A. not regulated by RBI.
A. Reserve Bank of India (RBI)
B. regulated by State Governments. B. India Banks Association (IBA)
C. regulated by Central Government C. Indian Institute of Banking and Fi-
D. regulated by RBI. nance
3158. Which of the following statement
dia
is/are true about fiat money?
A. Fiat money includes physical token like 3163. Which of the following is not a direct
certificates tax?
B. Fiat money’s value is not derived from A. Estate duty
any intrinsic value are relative value is B. Sales Tax
based only on government order C. Wealth Tax
C. Fiat money can be converted in to valu- D. Corporation Tax
able commodity (like gold)
3164. Which of the following bank will allow
D. None of these
its customers to make card-less cash with-
3159. Korea Exim Bank has come forward to drawals at over 100000 ATMs across In-
extend a crore loan for Visakhapatnam dia?
(VIZAG) Metro Rail project. A. Bank of Baroda
A. Rs 2, 000 crore B. ICICI Bank
B. Rs 4, 100 crore C. AU Small Finance Bank
C. Rs 5, 300 crore D. Airtel Payments Bank
D. Rs 7, 800 crore 3165. Consider the following statements:

347
1. The first attempt to calculate Na- 3169. In what way does an asset reconstruc-
tional Income of India was made by tion company help banks?
Dadabhai Naoroji.

A. By buying the non performing assets
2. The first scientific method to calcu- of banks
late national income of India was
made by Professor VKRV Rao. B. Acts as recovery agents for banks
Which of the statements given above C. Converts non performing assets into
is/are correct? performing accounts
D. Helps in rehabilitation of weak ac-
A. Only 1
counts by rescheduling the repayment
B. Only 2 plans
C. Both 1 and 2 3170. Who has been appointed the chairman-
D. Neither 1 nor 2 cum-managing director (CMD) of the
United India Insurance Company Limited?
3166. In the matter of handling bills of ex- A. Balraj Joshi
change for collection, the relationship be-
tween customer and the bank is: B. M Nagaraja Sarma
A. Trustee and the beneficiary C. B Sambamurthy

D. Gautam Bambawale
B. Principal and agent
C. Bailor and Bailee 3171. Credit which is available at low rates of
Interest is defined as
D. All of the above
A. Hot money
3167. RBI has made changes in the Gold Mon- B. Fiat money
etisation Scheme (GMS) to make it more
C. Token money
attractive. In which year Gold Monetisa-
tion Scheme was launched? D. Cheap money
A. 2017 3172. To use smart cards/debit cards/credit
B. 2016 cards for the purchase of an item or for
payment of a service at a merchant’s store,
C. 2014 the card has to be swiped in a terminal
D. 2015 known as
A. point of sale terminal
3168. LEI India Limited is Wholly Owned Sub-
sidiary of B. real time terminal
C. shopping terminal
A. Clearing Corporation of India Limited
D. All of the above
B. Bharatiya Reserve Bank Note Mudran
Private Limited 3173. Which among the following Banks
C. Small Industries Development Bank of has launches ‘Saral-Rural Housing Loan’
India Scheme for weaker sections?
D. Securities and Exchange Board of In- A. ICICI Bank

dia B. SBI

348
C. PNB 3179. Which of the following is NOT a source

D. Syndicate Bank of funds of a commercial bank?
A. Capital
3174. When was UPI service launched?
A. 2016 B. Call money
B. 2017 C. Deposits
C. 2018 D. Cash reserves with RBI
NARAYAN CHANGDER
D. 2019
3180. The first public sector bank in India
3175. The Bank of Japan (BOJ) and the Re- which obtained license for Internet Bank-
serve Bank of India (RBI) recently agreed ing from RBI is
to expand the amount of the Bilateral
Swap Agreement (BSA) to A. Punjab National Bank
A. 15 billion dollars B. Oriental Bank of Commerce

B. 35 billion dollars C. Corporation Bank
C. 50 billion dollars D. State Bank of India
D. 75 billion dollars
3181. These days RBI uses Selective credit con-
3176. PayPal, a digital payments platform has trol measures rather infrequently because
announced its strategic partnership with of:
and to offer safer, faster and conve-
nient payment experiences for the bank’s A. Deregulation of functions
cardholders. B. Autonomy given to banks
A. Kotak Mahindra Bank C. Comfortable liquidity
B. Axis Bank
D. All the above
D. HDFC Bank 3182. What is the duration of Public Provident
Fund (PPF) account?
3177. Which of the following efforts
fall under Financial inclusion plan of A. 3 years
RBI/Government? B. 5 years
A. Nationalization of banks C. 9 years
B. Public Sector Lending targets
D. 15 years
C. Zero Balance accounts
D. All of the above 3183. All Inter-Bank Funds Transfer System,
where funds are transferred as and when
3178. National Food for Work Programme the transactions are triggered, is called
was launched in
A. internet banking
A. 2004
B. 2010 B. mobile banking
C. 2001 C. bill payment service

D. 2008 D. real time gross settlement

349
3184. The IFAD is an international financial in- 3188. What is the percentage of total bank
stitution and a specialized agency of the credit that banks are required to lend to
United Nations dedicated to eradicating the agricultural sector in India?

poverty and hunger in rural areas of de- A. 25%
veloping countries. IFAD stands for
B. 40%
A. International Fund for Agricultural
Derivative C. 18%
B. International Fund for Association De- D. 10%

velopment 3189. MSME is defined under which act?
C. Indian Fund for Agricultural Develop- A. MSMED Act, 2006
ment
B. MSME Act, 2001
D. International Fund for Agricultural De-
velopment C. MSMED Act, 1999
D. MSME Act, 2004
3185. Reliance Health Insurance has received
R3 approval from for its new health in- 3190. The usual deposit accounts of banks are
surance business. [IBPS 2011]
A. NABARD A. Current accounts, electricity accounts
and insurance premium accounts
B. IRDAI
B. Current accounts, post office savings
C. SEBI bank accounts and term deposit accounts
D. RBI C. Loan accounts, savings bank accounts
and term deposit accounts
3186. Mortgage is a [IBPS 2011]
D. Current accounts, savings bank ac-
A. security on movable property for a counts and term deposit accounts
loan given by a bank.
B. security on immovable property for a 3191. The Reserve Bank of India has asked all
loan given by a bank. the banks to install Note Sorting Machines
in the branches. How will this help banks
C. concession on immovable property for and the general public?
a loan given by a bank.
1. The machines will check for counter-
D. facility on immovable property for a feit notes and drop these from circu-
loan given by a bank. lation.
2. This will help banks to count the
3187. Which Bank has launched its new Sonic notes quickly and accurately.
Identity, which is essentially a musical 3. This will help in sorting out soiled
logo called ‘MOGO’, as part of its brand- notes so that they are not reissued
ing initiatives? by the banks.
A. IndusInd Bank A. Only 2
B. Lakshmi Vilas Bank B. Only 1
C. RBL Bank C. Only 3
D. Karnataka Bank D. Only 1 & (2)

350
3192. Non Performing Assets are those assets 3196. When banks make advances to limited
which are overdue for a period of more companies against their assets, the re-
than? quired forms are to be presented to the
A. 90 days in interest and/or installment Registrar companies within from the
in term of loan. date of execution.
B. 90 days out of order in case of over A. 21 days
draft/cash credit. Bills purchased and B. 30 days
Bills discounted.
NARAYAN CHANGDER
C. 1 month
C. 2 harvest seasons for advances for cul-
D. 2 months
tivation of short duration crops.
D. All of the above 3197. Asian Development Bank Chief
Economist Yasuyuki Sawada has stated
3193. What was the primary objective of India’s projected GDP growth of over 7%
Sukhmoy Chakravarty Committee formed for the current fiscal (2018-19) is amaz-
in 1982? ingly fast. Who is the Present President
A. to form guidelines for opening of Pri- of the Asian Development Bank?
vate Sector Banks A. Ban Ki moon
B. to consider merging of all cooperative B. Takehiko Nakao
banks
C. Li Liquin
C. to assess the functioning of the Indian
Monetary system D. Robin Li
D. None of the above 3198. Banking Ombudsman is a senior official

appointed by the RBI to redress customer
3194. Taking forward the National IPR Pol- complaint specified under which clause of
icy 2016, a ‘Scheme for IPR Awareness- the Banking Ombudsman Scheme 2006?
Creative India; Innovative India’ has been
launched by Cell for IPR Promotion and A. Clause 7
Management (CIPAM) under the aegis of B. Clause 6
the C. Clause 8
A. Department of Commerce-Export Prod- D. Clause 5
ucts (Agriculture)
B. Department of Industrial Policy and 3199. Which of following institutions regulate
Promotion non-banking financial companies?
C. Department of Economic Affairs A. RBI
D. Department of Revenue B. SEBI
C. IRDA
3195. Bank draft is a
D. Finance Ministry
A. letter from the bank
B. cheque which a bank draws itself 3200. Who has been appointed as non-
C. Instruction to a banker to collect a cus- executive chairman of NPCI for two years
tomer’s debt. with immediate effect?
D. Instruction not to honour a stop pay- A. Syed Mahmud Hossain

ment B. Hardayal Prasad

351
C. Biswamohan Mahapatra C. protect the large corporate from going

D. Vikram Singh Sisodia bankrupt

D. All of the above
3201. Which of the following are loans of very
small amounts given to low income groups 3205. The basic aim of Lead Bank Scheme is
or poor household? that
A. Simple credit A. big banks should try to open offices in
B. Rural credit each district
C. Micro credit B. there should be stiff competition
among the various nationalised banks
D. No Frills Loan
C. individuals banks should adopt partic-
3202. Many times we read in newspapers that ular districts for intensive development
a company is planning to bring a public is-
sue. What does it mean? D. all the banks should make intensive ef-
forts to mobilise deposits
1. Shares of the company will be is-
sued only throughpublic sector or- 3206. Which one of the following is not an ob-
ganisations like banks/Central fi- jective of fiscal policy of Indian Govern-
nancial institutions etc. ment?
2. Shares of the company will be is-
sued to general public only through A. Full employment
primary market. B. Regulation of Inter-State-trade
3. This means some stakehold-
C. Price stability
ers/promoters are willing to leave
the company. Hence they wish to D. Equitable distribution of wealth & in-
sell their stock to the general public. come
A. Only 1
3207. The availability or cash and other cash
B. Only 2 like marketable instruments that are use-
C. Only 3 ful in purchases and investments are com-
monly known as-?
D. All the above
A. cash crunch
3203. “Honours Your Trust” is tagline of
B. liquidity
A. Andhra Bank
C. credit
B. UCO Bank
D. marketability
C. Vijaya Bank
D. Union Bank of India 3208. An Indian citizen can open a Savings Ac-
count in which of the following?
3204. What is the primary objective of A. SIDBI
DICGC?
B. RBI
A. protect the interest of small deposi-
tors C. NABARD
B. protect the bank to fail D. A Private Sector Bank

352
3209. When was National Investment and In- C. inchoate instrument

frastructure Fund created? D. ambiguous instrument
A. 2011
3214. What is the status of Interest rate on
B. 2015 Personal Loans as compared to the Home
C. 2012 and Car Loans?
D. 2014 A. Higher than Home and Car Loans
3210. Where is the corporate office of Fincare B. Lower than Home and Car Loans
NARAYAN CHANGDER
Small Finance Bank? C. Equal to Home and Car Loans
A. Hyderabad D. Can not be compared
B. Mumbai 3215. When was SBI established?
C. Bengaluru A. 1st April, 1935
D. New Delhi B. 31st July, 1969
3211. Which of the following is/was NOT in- C. 5th May, 1955
cluded in the agenda set for the Banking D. 1st July, 1955
Reforms in India? [Andhra Bank 2011]
A. Dismantling of administered interest 3216. The Securitization And Reconstruction
rates of Financial Assets and Enforcement of
Security Interest Act (SARFAESI) meant
B. Measures to strengthen risk manage- for recovery of loans which have become
ment NPAis not applicable to:
C. Promulgation of SARFAESI Act A. Private Banks
D. Promotion of the concept of easy B. Non-Banking Financial Companies
credit to all with a guaranteed subsidy
from the Govt C. Financial Institutes of the Govt.
D. Public Sector banks
3212. Which organization has released the
draft guidelines to modify the loan sys- 3217. Standard Chartered Bank based in
tem for delivery of bank credit, making the A. London
rules stricter to regulate larger borrowers
enjoying working capital facility from the B. Paris
banking system? C. New York
A. RBI D. Tokyo
B. SEBI 3218. The Pradhan Mantri Suraksha Bima Yo-
C. NABARD jana or PMSBY is available to people in the
D. SBI age group years with a bank account
who give their consent to join/enable
3213. Under the Negotiable Instrument Act, auto-debit on or before 31st May for the
1881, an instrument which is incomplete coverage period 1st June to 31st May on
in some respects, is called a/an an annual renewal basis.
A. foreign instrument A. 18 to 70 years
B. inland instrument B. 18 to 50 years

353
C. 18 to 40 years C. South Sudan

D. 18 to 60 years D. Sweden

3219. CERSAI is a central online security inter- 3224. What does BHIM stand for?
est registry of India. What is the meaning A. Bharat Instant Money Transfer
of “A” in CERSAI?
B. Bharat Interface for Money
A. Asset
C. Bank Hotline Instant Money
B. Agency
D. Banking Hit Instant Money
C. Association
3225. As per the news published in various fi-
D. Aboard
nancial newspapers, the RBI is reworking
3220. The appointments of Banking Ombuds- the roadmap on Capital Account Convert-
man will be carried out by which of the ibiliy. If this is done, who amongst the
following? following would be able to invest in for-
eign projects or acquire assets outside In-
A. Finance Ministry dia without any restrictions?
B. RBI 1. Public Sector Banks
C. Govt. of India 2. Companies which are registered in
India
D. SEBI
3. Govt. of India
3221. Who is current Chairman-cum- 4. Any Individual
Managing Director of Agriculture Insur- A. Only 1
ance Company of India Limited?
B. Only 2
A. Tajinder Mukherjee
C. Only 3
B. AV Girija Kumar D. All (1), (2), (3) & (4)
C. Girish Radhakrishnan
3226. Banks importing gold and precious met-
D. Alamelu T Lakshmanachari als will have to pay percent tax under
3222. The GDP is the value of all final goods the GST which can be claimed as input tax
and services produced credit.
A. 1 percent
A. within the nations boundaries
B. 7 percent
B. by domestically owned companies
C. 3 percent
C. by citizens of the country
D. 5 percent
D. by domestically controlled companies
3227. Which of the following organization fi-
3223. and the United Nations World Food nance the Rural Infrastructure Develop-
Programme signed a Strategic Partnership ment Fund?
Agreement committing an unprecedented$
370 million dollars to WFP over the next A. NABARD
four years. B. SEBI
A. South Korea C. SIDBI
B. Spain D. RBI

354
3228. became first Indian exchange to be 3233. The premium of per person per an-
designated as Designated Offshore Secu- num is shared equally by the Central Gov-
rities Market (DOSM) by United States ernment and the State Government in the
Securities and Exchange Commission (US- Aam Admi Bima Yojana (AABY)?
SEC). A. Rs.1000
A. Cochin Stock Exchange B. Rs.1500
B. Bangalore Stock Exchange C. Rs.3000
NARAYAN CHANGDER
C. National Stock Exchange D. Rs.200
D. Bombay Stock Exchange 3234. Name the Bank, which has launched dig-
ital Supply Chain Finance solution which
3229. Which of the following is not included in
aims to accelerate working capital loan op-
Indian Economy?
portunities for the small and medium enter-
A. M1 prises and large corporate clients?
B. M2 A. Bank of Baroda
C. M3 B. Corporation Bank
D. Both M1 and M3 C. Dena Bank
3230. Which of the following is the popular
name of the norms by which a bank sat- 3235. DHFL Pramerica Life Insurance Company
isfies itself about the customer’s identity has signed on Dhanlaxmi Bank as its
and activities? bancassurance partner. Dhanlaxmi Bank
A. Basel norms based in
B. KYC norms A. Kerala

B. Odisha
C. Service norms
C. Maharashtra
D. Lending norms
D. Gujarat
3231. Which of the following include the pri-
mary structure of the Mutual Funds? 3236. Credit Cards are a convenient substitute
for which of the following?
A. Open-end funds
A. Cash
B. Unit Investment Trusts
B. Cheque
C. Exchange traded Funds
C. Both A and B
D. All of the Above
3232. Which was the first Indian bank to pro- 3237. Which of the following policies is known
vide Internet Banking Facility in India? as Annual Policy Statement?
A. HDFC A. Annual budget of Central Govt
B. ICICI B. Credit and monetary policy of RBI
C. SBI C. Foreign trade policy of DGFT
D. Axis D. Regulations issued by SEBI

355
3238. Which Bank has signed an MoU with Na- B. 5.75 percent
tional Housing Bank for the Rural Hous- C. 6.75 percent
ing Interest Subsidy Scheme (RHISS) of the

Ministry of Rural Development? D. 6.25 percent
A. Punjab National Bank 3243. Cash Reserve Ratio (CRR) and Statu-
B. Indian Overseas Bank tory Liquidity Ratio (SLR) are terms most
closely related to which of the following
C. Bank of India industries/markets?
D. State Bank of India A. Capital Market
3239. All of the following are useful options B. Banking industry
for the government to pursue to bolster C. Commodities market
foreign exchange reserves, except to
D. Money Market
A. impose exchange controls
B. impose export controls 3244. Who is head of MPC related to Banking
of Financial term?
C. adjust the exchange rate
A. Governor of RBI
D. permit a free floating exchange rate
B. Deputy-Governor of RBI
3240. Which of the following are signs of an C. Union Finance Minister
open economy?
D. Chairman, NITI Aayog
1. Share of trade in GDP is high.
2. GDP and GNP are almost the same. 3245. Consider the following statements
3. Exchange rate is determined by mar- about Gold Standard and state which of
kets. them are true?
Select the correct answer using the codes 1. Gold Standard means there exists a
given below fixed relationship between any two
A. 1 and 3 currencies called the mint parity.
2. It also means the exchange rate is
B. Only 2 determined by demand and supply
C. 1 and 2 between the gold points.
D. 2 and 3 3. Each nation defines the price of gold
in terms of its currency and then
3241. Sunil Mehta committee on bad loans res- stands ready to buy and sell.
olution has recommended a five-pronged A. Only 3
strategy Project “SASHAKT” to deal
with in the country’s banking system. B. Only 2
A. PCA C. All are true

B. NPA D. Only 1
C. KYC 3246. Which Bank has launched a chatbot
D. Loan called OnChat on Facebook Messenger,
that allows users to recharge phones, pay
3242. What is the present MSF rate? utility bills and book cabs?
A. 5.50 percent A. Kotak Mahindra Bank

356
B. Axis Bank 3251. Which of the following is not the type

C. ICICI Bank of credit reporting institutions?
A. Credit Bureau
D. HDFC Bank
B. Credit Agencies
3247. Financial Inclusion means provision of
C. Both A and B
A. Financial services like payments, re-
NARAYAN CHANGDER
mittances, savings, loans, etc at afford- 3252. Base rate is the rate below which no
able cost. bank can allow their lending to anyone.
B. Ration at affordable cost Who sets-up this ‘Base rate’ for banks?
C. House at affordable cost A. Individual Banks’ Board
D. Education at affordable cost B. Ministry of Commerce

3248. BSBDA is a simple, basic account for rou-
tine banking transactions without the need D. RBI
of minimum balance requirement. BSBDA 3253. The head office of the Unique Identifica-
stands for-? tion Authority of India is located in
A. Basic Savings Branch Deposit Account A. Bangalore
B. Balance Savings Bank Deposit Account B. Mumbai
C. Basic Savings Bank Demand Account C. New Delhi
D. Basic Savings Bank Deposit Account D. Chennai
3249. MUDRA is a financial institution has 3254. What do you understand by ‘Para Bank-
been set up by Government of India for ing’ services? [Allahabad Bank 2011]
development and refinancing micro-units’
A. Eligible financial services rendered by
enterprises. What is the meaning of “A”
banks
in MUDRA?
B. Utility services provided by banks
A. Agency
C. Services provided through business
B. Association
correspondents
C. Assembly D. Services provided to armed force per-
D. Agent sonnel
3250. SBI Card, the country’s second-largest 3255. Indian Parliament recently has passed
credit card issuer, has appointed as new the bill to empower SEBI to act against
Managing Director (MD) & Chief Executive ponzi operators and market manipulators
Officer (CEO) of the company. more effectively. What is the name of this
bill?
A. Hardayal Prasad
A. The Securities Law (Amendment) Bill,
B. Chandrashekar Kambar
2014
C. Shantanu Narayen B. Judicial Appointments Commission
D. Usha Ananthasubramanian Bill, 2014

357
C. The Constitution Bill, 2014 3260. Which of the following constitute the
D. The Banking Law, 2014 code of conduct for merchant bankers as
stipulated by SEBI?

3256. Loan taken by the person, not telling the A. Maintenance of high degree of stan-
purpose of taking loan is called? dards of integrity and fairness in dealings
A. Impersonal Loan B. Providing true and adequate informa-
B. NPA tion to investors and abide by the provi-
sions of various acts, rules and regulation
C. Personal Loan
etc
D. Concealed Loan
C. Ethical conduct of business and pro-
3257. The general approach to the loaning poli- vision of information to customers in re-
cies and procedures of co-operative banks spect of code
has been to D. All of the above
A. implement the crop loan system in all
3261. Which Bank has launched IRA 2.0, its
its aspects
interactive humanoid at the Koramangala
B. allow only long-term loans to the farm- Branch in Bengaluru?
ers extending beyond 20 years for devel-
A. Axis Bank
opment on land
C. finance for research and upgradation
of agricultural inputs like seeds, manure, C. State Bank of India
implements etc. D. HDFC Bank
D. provide a window for marketing of
agricultural produce 3262. ICICI provides financial assistance to
A. small-scale industries
3258. One of the major challenges banking in-
dustry is facing these days is deliberate B. medium-scale industries
efforts of some people to bring money C. large-scale industries
earned through illegal activities in circula-
tion. Which of the following acts has been D. All of the above
passed to prevent this activity?
3263. is a one year cover, renewable from
A. Payment and Settlements Act year to year, Accident Insurance Scheme
B. Banking Regulation Act offering accidental death and disability
cover for death or disability on account of
C. Negotiable Instruments Act an accident.
D. Prevention of Money Laundering Act A. PMGKY
3259. Which of the following is not a reason B. PMMY
for demand pull inflation? C. PMSBY
A. Shortage of consumer goods D. APY
B. More exports
3264. AMFI is dedicated to developing the In-
C. Economic growth dian Mutual Fund Industry on professional,
D. Less import healthy and ethical lines and to enhance

358
and maintain standards in the industry. B. Term Deposit Accounts

AMFI stands for C. Recurring Deposits
A. Authority of Mutual Funds in India D. Current Accounts
B. Association of Mutual Funds in India
3270. Smart card has been introduced on
C. Amalgamation of Mutual Funds in In- the recommendations of which committee
dia among the following?
D. Association of Mutual Finance in India A. Rangarajan committee
NARAYAN CHANGDER
3265. Name the Indian Bank, which is set for B. Panneerselvam committee
a major restructuring of its business in the C. Saraf committee
Unite Kingdom from April 2018?
D. Nayak committee
3271. Which of the following taxes/cess is
levied by States in India?
C. United Bank of India
A. Tax on motor vehicles
D. Bank of Baroda
B. Educational cess
3266. Which was the first bank corporated by C. Tax on hotels
the Indians?
D. All of these
A. Imperial Bank of India
3272. Mastricht treaty is related to
A. Environment protection
C. Oadh Commercial Bank
B. European unification
C. WTO
3267. Which of the following is not a part of
D. Atomic power limitation
the scheduled banking structure in India?
[Corporation Bank 2011] 3273. Which Bank has recently decided to exit
A. Money Lenders by March-end its South Africa operations
after 21 years amid a probe into alleged
B. Public Sector Banks
compliance lapses by the bank there?
C. Private Sector Banks
D. Regional Rural Banks
B. Bank of Baroda
3268. Who is the present Chairman of Life In- C. Indian Overseas Bank
surance Corporation of India (LIC)? D. State Bank of India
A. Urjit R Patel
3274. According to the Finance Minister Arun
B. M R Kumar Jaitley, taxes worth Rs 92, 283 crore
C. MS Sahoo were collected in July 2017 from just
D. Alice G. Vaidyan 64.42 per cent of the total taxpayer base
after GST has launched on 01st July 2017.
3269. FCNR accounts can be opened and main- Which country was the first to introduce
tained as GST?
A. Savings Bank Account A. Germany

359
B. USA B. Combat HIV/AIDS, Malaria

C. Japan C. Reduce marriageable age for males to

D. France 18 years
D. Promote gender equality and em-
3275. Which of the following is not the feature power women
of FEMA?
A. There is a simplification of Foreign Ex- 3279. RXIL is a TReDS platform operating
change Transactions. since and is promoted by the National
Stock Exchange, Small Industries Develop-
B. There was a discharge provisions of ment Bank of India, State Bank of India,
criminal proceedings in case of default ICICI Bank and Yes Bank.
cases.
A. 2011
C. It came into force on 01.01.2004.
B. 2014
C. 2017
3276. Very often we see in the adver-
D. 2009
tisements published by Financing Insti-
tutes/Agencies stating the their prod- 3280. The origin of the State Bank of India
ucts are given high or average Rat- goes back to the first decade of the nine-
ings. These Rating Agencies classify teenth century with the establishment of
bonds/investments into how many cate- the Bank of Calcutta in Calcutta on
gories?
A. 05th October 1956
A. Only 1
B. 05th July 1859
B. Only 2
C. 07th August 1884
C. Only 3
D. 02nd June 1806
D. All the above
3281. Name the organisation, which regulates
3277. Which one of the following is not a
the Indian insurance industry to protect
‘Money Market Instrument’?
the interests of the policyholders and work
A. Treasury Bills for the orderly growth of the industry.
B. Commercial Paper A. IRDAI
C. Certificate of Deposit B. RBI
D. Equity Shares C. SEBI
3278. The Government of India has launched D. NABARD
a number of poverty alleviation pro-
grammes. This is done with the view that 3282. Which is the largest foreign bank in In-
poverty is the root cause of social inse- dia?
curity. In addition to that UNO has also A. HSBC
launched Millennium Development Goals
B. Citi Bank
to be achieved by 201 5. Which of the
following is NOT one of those goals? C. Standard Chartered Bank
A. Improve mental health D. Deutshce Bank

360
3283. Which amongst the following banks 3288. Sukanya Samriddhi Account can now
used Tiny Cards with biometric identifica- be opened with a minimum deposit
tion as a part of the financial inclusion? of which was Rs 1, 000 earlier.
A. SBI A. Rs.250
B. PNB B. Rs.500
C. ICICI C. Rs.750
D. Axis D. Rs.1250
NARAYAN CHANGDER
3289. The Goods and Services Tax (GST) Coun-
3284. What is the meaning of GVA?
cil met for its 33rd meeting and slashed
A. Gross Van Added GST rate on under-construction residen-
B. Gross Value Added tial properties and the affordable housing
projects recently. The decision was based
C. General Value Added on recommendations of a Ministerial Panel
D. Gross Value Agency headed by Deputy Chief Minister Nitin
Patel.
3285. If the cheque is issued by a bank in the
A. Maharashtra
same city as the payee, the cheque will be
called? B. Goa
A. Outstation Cheque C. Punjab
B. Local Cheque D. Gujarat
C. At par Cheque 3290. Karnataka Bank announced a strategic

partnership with to offer the bank’s
D. Multicity Cheque
home loan product to customers on its plat-
3286. and IFFCO rolled out their first set of form.
co-branded debit cards for farmers as part A. Bankbazaar.com
of a novel initiative to push digitalisation B. LIC India
and cashless economy.
C. Policybazaar.com
A. SIDBI
D. Paisabazaar.com
B. SBI
3291. The financial assets in the NBFC factor-
C. PNB
ing business should constitute what per-
D. BOB cent of its total assets?
A. 75%
3287. Which of the following taxes was levied
on the buying/selling of various commodi- B. 50%
ties on recognised exchanges in India? (It C. 100%
is withdrawn now).
D. 25%
A. Fringe Benefit Tax
3292. When the RBI wants to inject liquidity
B. Value Added Tax
into economy, it may adopt the following:
C. Central Sales Tax
1. Buy the government securities from
D. Securities Transaction Tax the banks.

361
2. Enter into reverse repo operations 3297. State Bank of India (SBI) has announced
3. Raise cash Reserve Ratio sanction of credit facilities amounting to
4. Reduce SLR. Rs2, 317 crore to corporates for financing

Select the correct answer using the codes Grid Connected Rooftop Solar projects un-
given below: der an SBI-World Bank program. Who is
present chairman of SBI?
A. 1 only
A. Sunil Mehta
B. 1 and 4 only
B. Urjit Patel
C. 1, 2 and 4 only
C. Rakesh Sethi
D. 1, 2, 3 and 4
D. Rajnish Kumar
3293. Which of the following is regarded as
the fourth element of the financial sys- 3298. Which of these is a Financial Inclusion
tem? scheme that was launched in 2014?
A. Financial institutions A. Pradhan Mantri Sampada Yojna
B. Financial instruments B. Bharat Nirman
C. Financial services C. Pradhan Mantri Jan Dhan Yojana
D. Financial markets D. All of the above
3294. Which of the following is a function of 3299. (The figures in this questions are imagi-
SEBI? nary). We suppose that Cash Reserve Ra-
A. to approve by-laws of stock ex- tio (CRR) in country’s economy is 10% .
changes. The banking system wish a cash deposits
B. inspect the books of accounts of finan- of Rs. 1000 Crore, creates total deposits
cial intermediaries. of Rs. 10, 000 Crores. The Reserve Bank
wishes that bank should create more de-
C. to require the stock exchange to posits. Which among the following step
amend their by-laws. will be taken by the Reserve Bank?
D. All of the Above
A. It will lower the Cash Reserve Ratio
3295. The beneficiary can expect to B. It will raise the Cash Reserve Ratio
get credit for the NEFT transactions
C. It will increase the Margin Require-
within business hours.
ments
A. two
D. It will start selling Government Securi-
B. three ties
C. one
3300. Interest rates on which of the following
D. four deposit schemes is fixed by the Reserve
3296. SEBI Mutual Fund Regulations came up Bank of India? [Corporation Bank 2011]
in which of the following years? A. Fixed deposits above five years’ matu-
A. 1992 rity
B. 1996 B. Recurring deposits
C. 1994 C. Savings bank
D. 1984 D. Flexi Deposit scheme

362
3301. What should be the minimum net worth A. Rs 32, 703 crore
of a company to get registered as Infras- B. Rs 47, 504 crore
tructure Finance Company?
C. Rs 56, 619 crore
A. Rs 250 crore
D. Rs 50, 086 crore
B. Rs 350 crore
C. Rs 300 crore 3307. Central Government Health Scheme is
providing comprehensive medical care to
D. Rs 100 crore the Central Government employees and
NARAYAN CHANGDER
3302. The rate of interest banks charge to its pensioners enrolled under the scheme. In
customers is linked to which year Central Government Health
Scheme was launched?
A. Risk premium rate
A. 1949
B. Base rate lending
B. 1954
C. Benchmark prime lending rate
C. 1951
D. Reverse repo rate
D. 1960
3303. BharatQR was developed by
3308. The NCLAT was constituted under Sec-
A. SEBI tion 410 of the Companies Act, 2013.
B. FICCI What is the meaning of “A” in NCALT?
C. NPCI A. Agreement
D. RBI B. Association
3304. India and have signed an agreement C. Appellate

on Currency Swap in a Joint Commission D. Agency
Meeting for Economic and Technical Coop-
eration. 3309. MIBOR is one iteration of an interbank
rate, which is the rate of interest charged
A. China by a bank on a short-term loan to another
B. Iran bank. What is the full form of MIBOR?
C. Qatar A. Management Inter-Bank Offer Recon-
D. UAE struction
B. Mumbai Inter-Bank Offer Random
3305. Who have the largest share of world
trade? C. Mumbai Inter-Bank Offer Reconstruc-
tion
A. European Union, USA
D. Mumbai Inter-Bank Offer Rate
B. Japan
C. Canada 3310. GST data shows growth of in the
number of indirect taxpayers.
D. All of these
A. 30%
3306. The allocation under the Scheduled B. 40%
Tribes component was increased 28%
from Rs 39, 135 crore in 2018-19 to C. 50%
Rs crore in 2019-20. D. 60%

363
3311. Which of these is not a parabanking ac- 3316. What are the funds that are set aside by
tivity? the banks as fraction to the loans known
as?

A. Asset Management
B. Cash Withdrawal A. NPA Coverage Ratio
C. Insurance Business B. Loan Default Ratio
D. None of the above C. Provisioning Coverage Ratio
3312. Savings account with zero balance can D. Credit Exposure Ratio
be opened for?
A. Persons of high net worth 3317. Which of the following is the Regulator
B. Employees of IT companies of the credit rating agencies in India?
C. financial Weaker sections of society A. RBI
D. Companies B. SBI
3313. As per the reports published in vari- C. SIDBI
ous journals and newspapers, the “small
D. SEBI
borrowers” in rural areas still prefer to
take informal route for their credit needs.
3318. The International monetary fund (IMF)
Which of the following is the “informal
is an organization of countries
route” of credit in the financial sector?
[Punjab & Sindh 2011] A. 237
A. Credit cards B. 126
B. Loan against gold from financial insti-
C. 188
tute
C. Debit cards D. 430
D. Money lender
3319. Which section of RBI Act states that the
3314. Which of the following is also known as RBI has the exclusive rights to issue cur-
Prepaid Debit cards? rency notes in India?
A. Loadable Debit Cards A. 17
B. Reloadable Debit Cards B. 19
C. Relational Debit Cards
C. 21
D. 22
3315. As per the reports published by the
World Bank, what percentage of Indian 3320. What is the animal of the insignia of the
population lives below the new Interna- RBI?
tional Poverty Line?
A. Lion
A. 30%
B. Tiger
B. 62%
C. 52% C. Panther
D. 0.42 D. Elephant

364
3321. Infrastructure loan is extended by 3326. China will give approx for a BRICS
which of the following? economic and technology cooperation plan
A. NBFC and another project at the BRICS countries’
New Development Bank.
B. RBI
A. $ 90 Million
C. SEBI
B. $ 30 Million
D. NABARD
C. $ 50 Million
NARAYAN CHANGDER
3322. What is the term for a bank without any D. $ 80 Million
branch network that offers its services re-
motely? 3327. Ten-rupee notes contain the signature of
A. Internet only Banks A. Finance Secretary, GOI
B. Direct Bank B. Chairman, State Bank of India
C. Lending Institution C. Governor, Reserve Bank of India
D. Indirect Bank D. Finance Minister, GOI
3323. Under which Section of the Reserve
3328. Where is the headquarters of the Inter-
Bank of India Act, the Reserve Bank has
national Monetary Fund (IMF)?
the sole right of note issue?
A. Geneva
A. 20
B. Paris
B. 22
C. London
C. 25
D. Washington DC
D. 28
3324. How many entities were granted provi- 3329. Many times we read a term CBS used in
sional license by RBI to convert into Small banking operation. What is the full form
Finance Bank in 2015? of the letter ‘C’ in the term ‘CBS’? [Corpo-
ration Bank 2011]
A. 8
A. Core
B. 10
B. Credit
C. 12
C. Continuous
D. 25
D. Complete
3325. Which among the following organisa-
tion has allowed Infrastructure Invest- 3330. Union Cabinet has approved the pro-
ment Trusts (InvITs) and Real Estate In- posal for grant of permission to to raise
vestment Trusts (REITs) to raise capital by additional share capital of up to a maxi-
issuing debt securities? mum of 24, 000 crore rupees.
A. SIDBI A. ICICI Bank
B. IRDAI B. State Bank of India
C. SEBI C. HDFC Bank
D. NABARD D. Bank of Baroda

365
3331. What is current coverage of bank ac- attracting sizeable deposits and by obtain-
count of population (approx)? ing loans from RBI.

A. 60% C. provides the link between the RBI and
B. 80% the money market on one hand and the en-
tire co-operative credit structure, on the
C. 40% other
D. 50% D. All of the above
3332. FM Arun Jaitley has proposed accep-
3336. a/an arrangement by which a com-
tance of key recommendations of the Fiscal
pany or the state undertakes to provide
Reform and Budget Management Commit-
a guarantee of compensation for specified
tee to bring down Central Government’s
loss, damage, illness, or death in return
Debt to GDP ratio to
for payment of a specified premium.
A. 20%
A. Insurance
B. 30%
B. Banking
C. 50%
C. Market Risk
D. 40%
D. Premium
3333. Syndicate Bank has pared its marginal
cost of funds based lending rate (MCLR) by 3337. Since, acceptance of deposits and grant-
5-10 basis points in certain maturity buck- ing of loans are the two general functions
ets recently. Where is the headquarter of of a bank, the relationship arising out of
Syndicate Bank? these two main activities is known as
A. Lucknow, Uttar Pradesh A. principal and agent relationship
B. Jaipur, Rajasthan B. financer and financee relationship
C. Kolkata, west Bengal C. bailor and bailee relationship
D. Manipal, Karnataka D. general relationship
3334. Which award is given for an Outstand- 3338. NPCI has been incorporated as
ing Woman Reporter in India? a Company under the provisions of Sec-
A. Chameli Devi Jain Award tion 25 of Companies Act 1956 (now Sec-
tion 8 of Companies Act 2013).
B. Padma Shree Award.
A. Not for Credit
C. Patrakarita Award.
B. Not for Banking
D. Mahila Patrakar Award.
C. Not for Marketing
3335. The State Co-operative Bank, being the
D. Not for Profit
Apex Bank at the state level
A. operates as a balancing centre for the 3339. Where is the headquarters of IDRBT?
movement of the resources in the entire A. Hyderabad
state
B. Mumbai
B. acts as the custodian of the surplus re-
sources and the reserves of the central co- C. Chennai
operative banks and supplements them by D. New Delhi

366
3340. In the first round 14 major banks with 3345. The Union Govt. recently launched
a liability base of were nationalized a web portal for enabling government-
A. 10 crore or more citizen discussions on several issues.
What is the name of this portal which was
B. 20 crore or more inaugurated by Prime Minister Narendra
C. 50 crore or more Modi?
D. 100 crore or more A. MyGov
B. MineGov
NARAYAN CHANGDER
3341. What is objective of PMFBY?
C. MeriGov
A. providing financial support to farmers
suffering crop loss/damage arising out of D. MyGovern
unforeseen events 3346. Govt’s Income from issuance of note is
B. stabilizing the income of farmers to en- part of
sure their continuance in farming A. Tax Revenue Receipts
C. encouraging farmers to adopt innova- B. Non tax Revenue
tive and modern agricultural practices
C. Capital Receipts
D. All of the above
D. None of these
3342. When was the National Housing Bank
3347. The majority stake of subsidiaries of
Act passed?
NABARD is held by
A. 1976
A. Government of India
B. 1987
B. RRB
C. 1996
C. RBI
D. 1970
D. Co-operative Bank
3343. If the customer can do all transactions 3348. Which of the following is the base colour
only in a branch and the branch has no on- of 2000 rupee note?
line access, it is called
A. Stone Grey
A. Online Banking
B. Green
B. Virtual Banking
C. Orange-Violet
C. Brick and Mortar Banking
D. Magenta
D. None of These
3349. Many times we read in financial news-
3344. Industrial exit policy means papers about the performance of the “core
A. Forcing foreign companies to leave In- sectors” in Economy. Which of the follow-
dia. ing is NOT included in the core sector of
the same?
B. Forcing business units to move out of
congested localities. A. Coal
C. Allowing manufactures to shift their B. Auto sector

line products. C. Steel
D. Allowing business units to close down. D. Cement

367
3350. is a financial institution which mo- 3355. How many forms are taken by sinking
bilises savings from the people and invests of fund retirement?
then in a mix of corporate and government

A. One form
securities.
B. Two forms
A. Commercial Bank
B. Mutual Fund C. Three forms
C. Unit Bank D. Ten forms
D. Correspondent Bank 3356. FPI consists of securities and other fi-

nancial assets passively held by foreign in-
3351. The PCA framework is applicable only
vestors. What is the full from of FPI?
to
A. Foreign Portfolio Investors
A. Non-Banking Financial Companies
B. Financial Portfolio Investors
B. Financial Management Institutions
C. Commercial banks C. Foreign Product Investors
D. Co-operative Banks D. Foreign Portfolio Indian
3352. The government of India has increased 3357. As per the direction of RBI on 29 Octo-
the budget of Agricultural Education ber 2013, the banks can pay rate of inter-
by this year as compared to the finan- est on Fixed deposits’?
cial year 2013-14. A. At intervals shorter than quarterly in-
A. 71.30% tervals also
B. 83.70% B. Pay on quarterly basis alone
C. 53.60% C. On half yearly basis only
D. 47.40% D. As per the direction of government of
India
3353. How much percent of SHG consists ex-
clusively of women? 3358. Which of the following terms is used in
A. 90% the field of banking and finance?
B. 50% A. Investment
C. 80% B. Genetics
D. 60% C. Resistance
3354. Which among the following Bank is not D. Metabolic Reaction
merged with State Bank of India (SBI) in
April 2017? 3359. Banks are authorized to sell third party
products. Which are these products?
A. State Bank of Bikaner and Jaipur
(SBBJ) A. Mutual funds
B. State Bank of Mysore (SBM) B. Term deposits
C. State Bank of Travancore (SBT) C. Credit cards
D. State Bank of Indore (SBI) D. Demand Draft

368
3360. Who regulates the District Central Coop- C. USA

erative Banks in India? D. India
A. RBI
3366. NSC is an investment scheme floated
B. State Government by the Government of India. What is the
C. Central Government meaning of “C” in NSC?
D. SEBI A. Cess
B. Certificate
NARAYAN CHANGDER
3361. KYC guidelines followed by the banks
C. Cash
have been framed on the recommendations
of the [Indian Overseas Bank 2011] D. Common
A. Ministry of Home Affairs 3367. Onthe current account, balancesmain-
B. Ministry of Rural Development tained by the Regional Rural Banks (RRBs)
with them, the commercial banks may
C. Indian Banks Association
A. pay interest up to 9%
B. waive incident charges
3362. Regional Rural Banks carry on normal C. pay interest as applicable to savings
banking business as defined in accounts
A. Reserve Bank of India Act D. pay interest as such rates as may be
mutually agreed to
C. Regional Rural Bank Act, 1949 3368. Which Bank has launched EazyPay mo-
bile application for merchants that allows
D. Companies Act, 1956 all-in-one acceptance payments platform?
3363. Which of the following is used for Inter- A. Bank of Baroda
national Monetary Transfer? B. Union Bank of India
A. RTGS C. ICICI Bank
B. NEFT D. Axis Bank
C. SWIFT 3369. Cryptocurrency is a
D. None of these A. Plastic Money.
3364. When we talk of smart money what are B. Digital Medium of Exchange
we referring to? C. Digital payment
A. Foreign currency D. Both A & B
B. Internet banking 3370. The government has constituted a
C. Credit cards seven-member panel to select managing
directors of public sector insurance compa-
D. Treasury bills nies. Who will be head of this panel?
3365. Which country has the highest Foreign A. Bibek Debroy
Assets Reserves in the world? B. TS Vijayan
A. China C. Urjit Patel
B. Australia D. BP Sharma

369
3371. Which of the following are in- 3376. Who among the following has been ap-
cluded/excluded in determining reason- pointed as the Chairman and Managing Di-
able time for the purpose of payment of a rector (CMD) of New India Assurance?

negotiable instrument?
A. Urjit Patel
A. public holidays are included
B. Parnab Kumar
B. public holidays are excluded
C. Anil Sahani
C. only the holidays observed by the
banks are excluded D. Atul Sahai
D. none of the above
3377. SLR is maintained as a percentage of
3372. Where is National Institute of Bank
A. Time liabilities
Management (NIBM) located?
A. Nasik B. Demand liabilities
B. Mumbai C. Net demand and time Liabilities
C. Pune D. Time and Demand liabilities
D. New Delhi
3378. was not nationalized in 1969
3373. Bank of America situated at New York
is opening an account with State Bank of A. Punjab National Bank
India at Kolkatta and what do you mean B. Oriental Bank of commerce
this?
C. Bank of Baroda
A. Nostro account
D. Union Bank of India
B. Vostro account
C. Loro account 3379. For which of the following reasons are
D. RFC account Basel-II norms to be followed by Commer-
cial Banks?
3374. RBI stipulates a healthy mix of CASA in
the business figures of banks. What does A. Risk management
it denote? B. Adoption of international accounting
A. Customer Analysis and Savings Pat- standards
tern C. Restriction on bonus payments to bank
B. Cost Appreciation and Selling Analysis executives
C. Current Account and Savings Account D. Transparency in disclosures
D. Credit and Savings Aggregate
3380. Which section of the RBI allows the RBI
3375. NFS is the largest network of shared au- to provide loans to banks and state finan-
tomated teller machines in India. What is cial corporations?
the full form of NFS?
A. 17
A. National Financial Switch
B. National Financial Service B. 18
C. National Financial System C. 19

D. National Financial Security D. 20

370
3381. Capital First announced that the regula- 3386. Which nationalized bank was the first
tor National Housing Bank (NHB) has ap- to sponsor a regional rural bank in India?
proved the merger of the company along
A. Syndicate Bank
with Capital Home Finance and Capital
First Securities Limited with B. Bank of India
A. IDFC Bank C. Union Bank of India
B. HDFC Bank D. Central Bank of India
C. Axis Bank
NARAYAN CHANGDER
D. Kotak Mahindra Bank 3387. Which is an interest-free period that is
to be given by a creditor to the debtor?
3382. Legal Tender Money is
A. Fixed Period
A. Accepted only by the Government
B. Present Period
B. Accepted by the people and the Gov-
ernment as per the law C. Grace Period
C. Not accepted for business purposes by D. All of the Above
the law
D. Not accepted by the government 3388. Which of the following types of corpo-
rate loans are known as balloon loans?
3383. Section 31 (2) of the Reserve Bank of In-
dia Act, 1934 prohibits of making or issu- A. Short-term Loans
ing of a expressed to be payable to bearer B. Intermediate term Loans
thereof
C. Long term Loans
A. cheque
D. Both A and B
B. bill of exchange
C. promissory note 3389. The Finance Ministry has decided to
D. demand draft infuse crores into state-owned Bank of
Baroda (BoB) after of the merger of two
3384. The approximate amount of gold is how other public sector lenders Dena Bank and
much of the total value of Forex Reserves Vijaya Bank with BoB.
in India?
A. Rs 5, 042 crore
A. 5%
B. Rs 1, 342 crore
B. 7%
C. 93% C. Rs 9, 745 crore
D. 50% D. Rs 10, 321 crore
3385. An asset, including a leased asset, 3390. Which of the following is the principle
becomes non-performing when it ceases to business carried out by NBFC?
generate income for the bank.
A. Hire purchasing finance
A. NPA
B. KCC B. Housing finance
C. NPV C. Investment and loan

D. GDP D. All of the above

371
3391. What is not true about Payment bank? C. Budapest

A. It cannot issue loans D. London

B. It can accept deposits
3396. BCSBI stands for
C. It can issue credit cards
A. Banking Codes and Standards Board of
D. None of the above India
3392. Section 14 of Banking Regulation Act, B. Banking Credit and Standards Board of
1949 India
A. prohibits a banking company from cre- C. Banking Codes and Service Board of
ating a charge upon any unpaid capital of India
the company D. Banking Credit and Service Board of In-
B. contains a system of licensing of banks dia
by the RBI
3397. RBI in the exercise of powers conferred
C. provides that the subscribed capital of under Section 47 A of the Banking Reg-
a banking company should not be less than ulation Act, 1949 has levied a penalty
one-half of its authorised capital of on the State Bank of India (SBI) for
D. All of the above not monitoring the end use of funds in re-
spect of one of its borrowers.
3393. The payments bank will be registered as
a public limited company under the Compa- A. 5 crore
nies Act, 2013 and licensed under Section B. 100 crore
22 of
C. 20 crore
A. Banking Regulation Act, 1949
D. 1 crore
B. Reserve Bank of India Act, 1934
C. State Bank of India Act, 1955 3398. Ministry of Communications and IT has
launched a social security scheme the Ser-
D. NABARD Act, 1981 vice Discharge Benefit Scheme (SDBS)
3394. Fixed deposits can have A. To provide financial security to Gramin
Dak Sevaks
A. Nomination facility
B. To provide insurance for the rural poor
B. Nomination facility with the permis-
sion of Bank Chairman C. To provide risk cover for the urban
C. Nomination facility by taking special slums
permission from bank D. To provide financial assistance for the
D. Nomination facility on the day of clos- gram panchayats
ing
3399. As reported in various newspapers
3395. General Insurance Corporation has de- many banks have revised their interest
cided to start its operations at Lloyd’s of- rates on home loans, car loans and other
fice in from April 2018. such loans. Which of the following phe-
nomenon prompted these banks to make
A. Paris such an upward revision in their interest
B. New York rates? [UBOI 2008]

372
1. RBI has revised the CRR and other 3403. Which of the following Negotiable In-
such rates upward, which has cre- struments can be crossed to the banks?
ated a liquidity crunch in the market.
A. Cheques
2. Stock markets in the country are
showing very high fluctuations as B. Bills of Exchange
visible through their indexes. As
C. Drafts
a result banks have lost a huge
amount of money in trading. Banks D. All of above
now want to recover that money by
NARAYAN CHANGDER
increasing their interest rates. 3404. Which of the following is the largest
3. Banks are in need of a huge amount Credit Rating Agency in India?
of money, as they have to give re-
A. CRISIL
vised pay to all its employees.
B. ICRA
A. Only 1
B. Only 2 C. CARE
C. Only 3 D. SMERA
D. All the above
3405. Which Bank has launched ‘NRI-Insta-
3400. Which of these entities surrendered Online’ account opening process for NRIs
their Payments Bank license? residing in the Financial Action Task Force
(FATF) member countries?
A. Cholamandalam Distribution Services
A. HDFC Bank
B. Sun Pharmaceuticals
C. Tech Mahindra B. Bank of Baroda
D. All of the above C. State Bank of India
3401. HDFC Life appointed as its new man- D. IDBI Bank

aging director and CEO for a period of
three years. 3406. The board of directors of has redes-
ignated Uday Kotak as Managing Director
A. Ranjan Gogoi and Chief Executive Officer recently.
B. Vibha Padalkar A. HDFC Bank
C. Tajinder Mukherjee
B. Federal Bank
D. Kamlesh Nilkanth Vyas
C. South Indian Bank
3402. As a practice, all banks now deduct
some amount from their pre-tax income
and set aside in a separate account to cre-
3407. How many digits are present in IFSC
ate a cushion for the loans which may go
code?
bad. This is called:
A. 9
A. CRR
B. SLR B. 15
C. Provisioning C. 10
D. PLR D. 11

373
3408. Who manages the Foreign Exchange con- A. These are small and medium sized
trol in India? branches

A. RBI B. These are meant for units in industrial
B. SEBI areas
C. NABARD C. These hubs cater to specialized bank-
ing for micro, small and medium enter-
D. Central Government
prises
3409. The minimum paid-up capital require- D. These outlets specially are for schools
ment at present for new Private Bank in and educational institutions
India is
A. RS. 100 crore 3414. KYC guidelines have been issued under
which section of Banking Regulation ACT
B. RS. 200 crore 1949?
C. RS. 500 crore A. Section 35 A
D. RS. 600 crore
B. Section 45
3410. Life Insurance Corporation of India is an C. SECTION 36 A
Indian state-owned insurance group and
investment company headquartered in D. Section 123 B
A. Hyderabad 3415. In Union Budget 2014-15, Exemption

B. Kolkata limits on income tax raised from .
C. Chennai A. Rs. 2 lakh to Rs. 2.5 lakh
D. Mumbai B. Rs. 2 lakh to Rs. 3 lakh
3411. Which panel is scrutinizing applications C. Rs. 3 lakh to Rs. 3.5 lakh
for new bank licences. D. Rs. 2 lakh to Rs. 3.5 lakh
A. P Chidamabram
3416. is a cheque clearing system under-
B. C.N.R. Rao Panel taken by the Reserve Bank of India (RBI)
C. Bimal Jalan Panel for faster clearing of cheques.
D. Raghuram Rajan A. IMPS
3412. Which bank has been ranked as the best B. CBS

PSU bank in the overall digital transac- C. NPCI
tion’s category in India?
D. CTS
A. Bank of India
B. State Bank of India 3417. Which state the Vananchal Gramin Bank
belongs to?
C. Union Bank of India
A. Jharkhand
B. Madhya Pradesh
3413. Number of public sector banks have
C. Chhattisgarh
opened special units known as MSME hubs.
What are they meant for? D. Bihar

374
3418. What is the function of Board for Finan- B. Islamabad

cial Supervision (BFS)? C. Peshawar
A. supervision of the financial sector
D. Karachi
B. supervision of all types of payment and
settlement systems 3423. Which of the following are characteris-
C. appointing the directors of scheduled tics of Treasury Bills?
banks A. Short-term financial instruments
NARAYAN CHANGDER
D. All of the above B. Widely traded on the discount market
3419. During the first nine months of the fi- C. Highly liquid securities
nancial year 2013-14, India’s exports reg- D. All of the above
istered the growth of
A. 2.98% 3424. RBI has recently constituted an expert
committee to look into a range of issues
B. 5.94% relating to classification of bad loans, ris-
C. -4.76% ing incidents of frauds and effectiveness of
D. -0.0594 audits. The committee under the chairman-
ship of
3420. is a system set up, operated and A. Usha Ananthasubramanian
maintained by the Reserve Bank of In-
dia (hereinafter referred to as the ‘Bank’) B. Arvind Subramanian
to enable operations on current accounts C. YH Malegam
maintained at various offices of the Bank,
D. Vimal Jalan
through standard message formats in a se-
cure manner. 3425. The Organisation for Economic Co-
A. SFMS Operation & Development forecast in its
B. CFMS interim outlook report that the world
economy would grow percent in 2019
C. SWIFT and percent in 2020.
D. IDRBT
A. 3.6% and 3.7%
3421. Reserve Bank of India (RBI) on 15 Jan- B. 3.9% and 3.7%
uary 2014 included two countries in the
C. 3.4% and 3.5%
sensitive list under FEMA Act, 200 0. The
countries in question are D. 3.3% and 3.4%
A. Iran and China
3426. What is the name of the proposed air-
B. Hong Kong and Macau line of Tata-SIA Airlines Limited (TSAL), a
C. Syria and Sudan jointventure between Tata Group and Sin-
gapore International Airlines (SI)
D. Israel and Libya
A. Vistara
3422. Bank of China has formally launched its
B. Margaret
operations in Pakistan with its first branch
inaugurated in C. Tata-SIA
A. Lahore D. Legard

375
3427. Cash Deposit Ratio means 3432. Full Form of “CDR”

A. The percentage of total cash money re- A. Commercial Debt Recovery

ceived as deposits by banks
B. Corporate Debt Restructuring
B. The percentage of cash in hand bal-
C. Credit Debit Rate
ance with central bank to the aggregate
deposits D. Currency Default Ratio
C. The percentage of cash in hand with 3433. How much money can Residents of India
amount of loan given to customer tremit upto?
D. The percentage of assets to liabilities A. $ 3, 50, 000
of bank
B. $ 4, 00, 000
3428. Hindu Rate of Growth refers to the rate C. $ 2, 00, 000
of growth of
D. $ 2, 50, 000
A. GDP
B. Population 3434. All resident individuals is eligible to
open a MIS account in single/joint name/s.
C. Foodgrains MIS stands for
D. Per Capita income A. Monthly Investment Scheme
3429. Fitch Ratings raised India growth fore- B. Monthly Income Service
cast for 2018-19 to from 7.3% but C. Monthly Installment Scheme
cited higher financing costs and rising oil
prices as risks to growth. D. Monthly Income Scheme
A. 7.50% 3435. SBI was earlier placed at 54th rank

B. 7.10% globally but after the merging it moved
to position making it in the top 50 lead-
C. 7.60% ing banks globally.
D. 7.40% A. 42nd
3430. The Asian Clearing Union (ACU) was es- B. 44th
tablished in C. 47th
A. 1994 D. 51st
B. 1984
3436. What do you understand by “Para Bank-
C. 1974 ing” services?
D. 1964 A. Eligible financial services rendered by
bank
3431. Treasury bills are issued in India by
B. Utility services provided by bank
A. RBI
C. Services provided through business
B. State Government
correspondent
D. Services provided to armed force per-
D. SEBI sonnel

376
3437. Which Bank’s headquarter is located in A. Only 1

Mumbai? B. Only 2
A. Allahabad Bank C. Only 3
B. Union Bank of India D. Only 4
C. United Bank of India 3442. Who formulates the Monetary policy in
D. Punjab and Sindh Bank India?
NARAYAN CHANGDER
A. Planning commission
3438. Regional Rural Banks were set-up with
B. Finance ministry
A. Reserve Bank of India Act
C. RBI
B. Regional Rural Banks Act, 1976
D. SEBI
C. NABARD Act
3443. PMJJBY, PMSBY and APY is a
A. Corporate Scheme
3439. What is the net owned funds of NBFC? B. Micro Scheme
A. Rs 7 crore C. Jansuraksha Scheme
B. Rs 10 crore D. Saving Scheme
C. Rs 2 crore 3444. Who among the following acts as agent

of Government of India in respect of her
D. Rs 5 crore
membership of IMF?
3440. Which of the following organiza- A. Ministry of Finance
tions/agencies has sought an emergency B. Reserve Bank of India
fund of Rs.1000 crore from banks to
tackle acute liquidity crisis, which is com- C. SEBI
ing in the way to give loans to micro bor- D. NABARD
rowers?
3445. Fixed deposits and recurring deposits
A. Regional Rural & Cooperative Banks are [IBPS 2011]
B. RBI A. repayable after an agreed period.
C. Micro Finance Institutions B. repayable on demand.
D. NABARD C. not repayable.
D. repayable after death of depositors.
3441. Which of the following will not help you
in reducing your budget deficit? 3446. A Savings Bank Account opened with a
commercial bank with zero balance or very
1. Trimming of unnecessary expenses.
minimal balance is known as
2. Creating a spending plan and moni-
toring expenses. A. Savings Bank Ordinary account
3. Borrow from friends to meet daily B. Student Savings Bank account
expenses.
4. Taking a money management C. No-Frill account
course. D. Current account

377
3447. Capital market is a market for long- C. 15 years

term debt and equity shares. It is further D. 20 years
divided in to?

A. Secondary Market and Bull Market. 3452. How many Scheduled Commercial Banks
are there in India?
B. Bull Market and Bell Market.
A. 81
C. Primary Market and Secondary Mar-
ket. B. 89
D. Primary Market and Government Cash C. 93

Bond Market. D. 97
3448. The Holidays for the Banks are declared 3453. The RBI has issued guidelines to
as per . banks will provide funds to women
A. Reserve Bank Act self help groups, SHGs, in rural ar-
eas at under the Deendayal Antyodaya
B. Banking Regulation Act Yojana-National Rural Livelihoods Mission
C. Negotiable Instruments Act (DAY-NRLM) in the current fiscal (2017-
D. Securities and Exchange Board of In- 18).
dia Act A. 6 percent
3449. The working and operations of NBFCs B. 5 percent

are regulated by C. 9 percent
A. SEBI D. 7 percent
B. RBI 3454. Chief of RBI is known as
C. Finance Ministry, GoI A. President
D. IRDA B. Chairman
3450. Which of the following NBFCs is in- C. Managing director
volved in the principal business of infras- D. None of these
tructure loan?
A. Micro Finance Institution 3455. How much loan limit can be sanc-
tioned by banks to enable the MSME en-
B. Infrastructure Finance Company trepreneurs to avail of their working capi-
C. Infrastructure Debt Fund tal and term loan requirement through Sin-
D. CIC-ND-SI gle Window?
A. Rs 50 lakh
3451. The government has kept unchanged the
interest rates on small savings schemes B. Rs 1crore
like PPF, Kisan Vikas Patra and Sukanya C. Rs 25 lakh
Samriddhi for October-December quarter. D. Rs 10 lakh
Sukanya Samriddhi Account can be opened
up to the age of years only from the 3456. When the rate of inflation increases
date of birth. [IBPS 2011]
A. 5 years A. purchasing power of money increases
B. 10 years B. purchasing power of money decreases

378
C. value of money increases C. Less than 181 days

D. purchasing power of money remains D. Less than 90 days
unaffected
3462. In the State of India, the State Financial
3457. When was New Bank of India merged Corporation have given assistance mainly
with Punjab National Bank? to develop
A. 4 sept 1993 A. agricultural farms
B. 4 sept 1983 B. cottage industry
NARAYAN CHANGDER
C. 1 July 1935 C. large-scale industries
D. 2 October 1995 D. medium and small-scale industries
3458. Which of the following is not a public 3463. The Reserve Bank hiked the limit for for-
sector bank? eign investment in Asset Reconstruction
A. State of Hyderabad Companies (ARCs) from the earlier cap of
49 percent to?
A. 74%
C. Regional Rural Bank
B. 47%
D. HDFC Bank
C. 57%
3459. The DAX is a blue-chip stock market in-
D. 72%
dex. DAX index belongs to which of the
following stock exchanges? 3464. FIMMDA stands for
A. France A. Foreign Investment Markets and
B. Germany Derivatives Market Association
C. Canada B. Fixed Income Money Markets and
Derivatives Association
D. Brazil
C. Fixed Income and Money Market De-
3460. Which among the following is the cor- velopment Association
rect character of the Foreign Exchange
Markets? D. Floating Income and Money Markets
Derivative Assets
A. Foreign Exchange markets are local-
ized markets 3465. An agreement for Credit of USD 35
B. Foreign Exchange markets operate Million from World Bank for “Assam
within a country’s time zone State Public Financial Institutional Re-
forms Project” was signed in New Delhi.
C. Foreign Exchange markets are dy-
namic and round the clock markets A. International Bank for Reconstruction
and Development (IBRD)
D. Foreign Exchange markets are used
only for trade related transactions B. International Centre for Settlement of
Investment Disputes (ICSID)
3461. What is the maturity period of Money C. International Finance Corporation
Market Instruments? (IFC)
A. Less than 15 days D. Multilateral Investment Guarantee
B. Less than 1 year Agency (MIGA)

379
3466. ICICI Bank is an Indian multinational 3471. Which organisation will authorise the
bank and financial services company. Bharat Bill Payment Operating Units in the
Where is the Head Office of ICICI Bank? BBPS?

A. Mumbai A. Finance Ministry
B. Kolkata B. RBI
C. Chennai C. SEBI
D. Bengaluru D. NOCI
3467. The Islamic Development Bank is a mul- 3472. Which of the following banks is limited
tilateral development financing institution to the needs of agriculture and rural fi-
located in nance?
A. Muscat, Oman A. RBI
B. Jeddah, Saudi Arabia B. SBI
C. Kuwait City, Kuwait C. IFC
D. Manama, Bahrain D. NABARD
3473. What is the name of the central bank of

3468. An average citizen cannot open a Sav-
Germany?
ings account in which of the following?
A. German State Bank
A. Commercial bank
B. Deutsche Bundesbank
B. Post office
C. Bayerische Landesbank
C. Co-operative bank
D. HypoVereinsbank
D. RBI
3474. Which bank becomes first Bank in India
3469. With a view to facilitating payment of to launch EMI facility on debit cards?
balance in the deposit account to the per-
son named by the depositor without any A. Bandhan Bank
hassles in the event of death of the ac- B. SBI
count holder, the following facility was in- C. HDFC Bank
troduced for bank accounts in our country:
D. ICICI Bank
A. Will
B. Registration 3475. National Income Estimate is prepared by
C. Nomination A. Department of Economics and affairs
D. Indemnity B. CSO (Central Statistical Organization)

C. RBI
3470. ICICI is the name of a
D. Finance ministry
A. chemical industry
3476. The objectives of forming SHG is
B. bureau
1. to build mutual trust and confidence
C. corporation
between the bankers and the rural
D. financial institution poor people.

380
2. to encourage banking activities, 3480. The Bank for International Settlements

both on the thrift as well as credit (BIS) which provides the Banking supervi-
sides, in a segment of the population sion accords is located in which country
that the formal financial institutions
A. England
usually find difficult to cover.
3. to meet the needs of the poor by B. USA
combining the flexibility, sensitivity C. France
and responsiveness of the informal
credit system with the strength of D. Switzerland
NARAYAN CHANGDER
technical and administrative capabil-
ities and financial resources of the 3481. How many module/modules have Nego-
formal credit institutions. tiated Dealing System (NDS)?
A. 1 only A. Five
B. 1 and 2 B. One
C. 1 and 3 C. Three
D. 2 and 3 D. Two
3477. What is the banking known as when a 3482. Which of the following works is/are
group of persons come together to own done by Credit Information Companies?
and control three or more independently A. Collecting records of an individual’s
chartered banks? payments pertaining to loans
A. Chain banking B. Maintaining records of an individual’s
B. Unit banking payments pertaining to credit cards
C. Merchant banking C. Creating Credit Information Reports
D. None of the above D. All of the Above
3478. What is the time period for the long du- 3483. The government in budget session has
ration crops to be termed as NPA? promised an Agrimarket infrastructure
fund with a corpus of what amount?
A. 90 days
A. Rs 2, 000 crore
B. 1 crop season
B. Rs 5, 000 crore
C. 2 crop seasons
C. Rs 16, 000 crore
D. 180 days
D. Rs 20, 000 crore
3479. Which of the following sectors makes
maximum contribution to India’s Gross 3484. At which rate the RBI lends short-term
Value? money to the bank?
A. Services A. PLR
B. Agriculture B. CRR
C. Industry C. Repo rate
D. Both B and C D. Reverse repo rate

381
3485. Which of the following organisa- B. POS & Online purchases

tions/agencies has established a fund
C. POS & BoB ATM
known as Investor Protection Fund?

A. RBI D. POS & Online purchases & Bob ATM
B. SIDBI 3490. Sunil Mehta is MD and CEO of which

C. Bombay Stock Exchange Bank?
D. Ministry of Finance A. Central Bank of India
3486. Who manages the registration and man- B. United Bank of India
agement activities of Urban co-operative
banks in India?
A. RBI D. Allahabad Bank
B. NABARD 3491. NABARD All India Financial Inclusion

C. RCS Survey (NAFIS), conducted by National
D. None of the above Bank for Agriculture and Rural Develop-
ment (NABARD), was released by Dr. Ra-
3487. The sponsor bank helps and aids the jiv Kumar, Vice Chairman, NITI Aayog in
RRB sponsored by it, by [Vijaya Bank New Delhi. As per the report, of the
2009] households reported having a bank ac-
1. subscribing to its share capital. count.
2. training its personnel. A. 83.40%
3. providing managerial and financial
assistance during the first 5 years B. 81.50%
or extended period. C. 54.40%
Select the correct answer using the codes D. 88.1%
given below
A. 1 and 2 3492. How many digits are there in a Aadhaar
B. 2 and 3 Virtual ID?
C. 1 and 3 A. 16 digits
D. All of these B. 12 digits
3488. Which of the following is included in pay- C. 14 digits

ment system of PSS Act? D. 11 digits
A. clearing
B. payment 3493. Spurious coins detected at the counter
are sent to
C. settlement service
A. RBI
D. All of the above
B. GOI
3489. Baroda Gift Card can be used for trans-
actions at which of the following? C. IBRD
A. POS only D. Mint

382
3494. Section 6(A) of B.R. Act has given the A. $ 330 million
list of ancillary services which can be ren-
B. $ 240 million
dered by a Bank under the Banking Regula-
tion Act. in the event that a Bank wants to C. $ 100 million
undertake any other services (other than D. $ 150 million
the list):
A. The bank can seek authority from the 3499. What is Bancassurance?
RBI A. an insurance scheme to insure bank
NARAYAN CHANGDER
B. Board of directors of that Bank can de- deposits
cide the business suitable to the bank B. an insurance scheme exclusively for
C. It can be decided by the Bank in the the employees of banks
shareholders meeting C. a composite financial service offering
D. Bank can do so if that business is noti- both bank and insurance products
fied by the Central Government as the law-
D. a bank deposit scheme exclusively for
ful business of a Banking company
employees of insurance companies
3495. Which of the following is the basic ob-
jective of R.B.I’s monetary policy? 3500. The instrument which provides propri-
etary interest in company and which en-
A. To control deficit in the balance of pay- titles a person to dividend on profits, is
ment called?
B. To control public expenditure A. Bond
C. To control deficit of the budget B. Share
D. To control cost & availability of money
C. Debenture
3496. Authorized Dealers for foreign transac- D. Warrant
tions are appointed by:
A. Reserve Bank of India 3501. If the claim is exceeding claims can be
settled by legal evidence that is by probate
B. Government of India of will or succession certificate in Post Of-
C. Individual Banks fice Saving Schemes?
D. FEDAI A. three lakh
3497. SEPA Stands for B. four lakh

A. Scottish Environment Protection C. one lakh
Agency D. six lakh
B. Single Euro Payments Area
3502. When was the Banking Codes and Stan-
C. Scottish Environment Protection Area dards Board of India (BCSBI) formed?
D. Single Euro Payments Agency
A. 2005
3498. Asian Development Bank (ADB) and B. 2006
the Government of India signed a Loan
C. 2007
Agreement in New Delhi to establish a
Global Skills Park (GSP) in India. D. 2008

383
3503. Credit Rating [Corporation Bank 2011] A. Oriental India insurance Co. Ltd
A. is used to rate the borrowers while giv- B. United India Assurance Co. Ltd

ing advances. C. National Insurance Co. Ltd
B. is used to work out performance of the D. General Insurance Corporation of In-
employees. dia
C. is used to calculate the number of ex-
3508. Which of the following is an example of
cellent auditrated branches.
near money?
D. is not used in any bank.
A. Fiat money
3504. Which among the following small fi- B. Bank Draft
nance Bank has signed an MoU with LIC C. Treasury Bills
to offer Pradhan Mantri Jeevan Jyoti Bima
Yojana (PMJJBY)? D. 50 paise coins
A. Disha Microfin Private Ltd 3509. In the IBA Banking Technology Awards
B. Equitas Holdings P Limited 2014, Best Financial Inclusion Initiative
award among Public Sector bank conferred
C. AU Small Finance Bank on
D. Capital Local Area Bank Ltd A. SBI
3505. RRBs were set-up on B. Corporation Bank
A. 1975 C. Andhra Bank
B. 1985 D. Bank of Baroda
C. 1991 3510. Which of these should be practiced when
D. 2001 using a credit card?
A. Pay only the minimum balance since it
3506. What is the Scope of activities of Pay- is allowed
ment Banks?
B. Throw away the receipt signed by
A. Acceptance of demand deposits. Pay- you immediately after receiving from the
ments bank will initially be restricted to cashier
holding a maximum balance of Rs. 100,
C. Memories your PIN number and do not
000 per individual customer.
leave your PIN number in your wallet
B. Distribution of non-risk sharing simple
D. Maintain as many cards as possible for
financial products like mutual fund units
convenience
and insurance products, etc.
C. BC of another bank, subject to the Re- 3511. Karur Vysya Bank rolled out an Aadhaar
serve Bank guidelines on BCs. Enrollment Centre at its Nelson Manickam
Road Branch in Chennai. Where is the head
D. All of the above is Scope of activities of
office of Karur Vysya Bank?
Payment Banks
A. Karur, Tamil Nadu
3507. Accourding to Union Budget 2018-19, B. Bengaluru, Karnataka
Three Public Sector Insurance companies
will be merged into a single insurance en- C. Kochin, Kerala
tity. Which of the following is not them? D. Hyderabad, Telangana

384
3512. How many remittances can be received 3516. Which of these banks are authorised to
by a single individual beneficiary under the act as the agent of RBI?
scheme (MTSS) during a year? A. Bank of Baroda
A. 40 B. Punjab National Bank
B. 45 C. State Bank of India
C. 55 D. All of the above
D. 30
NARAYAN CHANGDER
3517. Which of the following is a bank account
opened by NRI to deposit income mainly
3513. Which act governs the minting of coins generated from an Indian source?
in India?
A. NRI
A. Indian Coinage Act, 1906
B. NRP
B. Indian Rupee Act, 1996 C. NRO
C. Indian Denomination Act, 1972 D. FCNR
D. All of these
3518. The Reserve Bank of India has ap-
proved the merger of SBM (Mauritius), In-
3514. What do you mean by home banking?
dia with SBM Bank (India). SBM Bank
A. Home banking is an extended version is the foreign bank to set up a wholly
of tele banking. owned subsidiary (WOS), to provide uni-
B. in home banking the customer is able versal banking service with a focus on
to access his personal account from his wholesale banking, trade finance, capital
home for availing a variety of services market and retail banking.
which is made available. A. first
C. home banking is availed through the B. third
customer’s personal computer attached C. second
to a telephone line and modem
D. fourth
D. All of the above
3519. Each subscriber under APY shall receive
3515. As we all know, Govt of India collects a Central Government guaranteed mini-
tax revenue on various activities in the mum pension of
country. Which of the following is a part A. Rs. 2000 per month
of the tax revenue of the Govt?
B. Rs. 3000 per month
1. Tax on Income
C. Rs. 4000 per month
2. Tax on Expenditure
3. Tax on Property or Capital Asset D. Rs. 1000 per month
4. Tax on Goods and Services
3520. The Money market include
A. Both 1 and 2 only A. Treasury bills
B. Both 1 and 4 only B. Cash Management bills
C. All the above C. Commercial papers
D. Only 2, 3 and 4 D. All of above

385
3521. Turning to rationalization of LTCG, the 3526. The rate of interest on Savings Bank Ac-
Finance Minister has noted buoyancy in the count is decided by
equity market, as a result of reforms and

A. RBI
incentives given so far. LTCG stands for
B. Indian Banks Association
A. Long Term Capital Gains
B. Long Term Capital General C. Government of India
C. Long Term Core Gains D. The Concerned Bank

D. Long Term Company Gains 3527. Bank of Baroda has signed an MoU with
3522. Many Co-operative Banks has their li- agriculture services companies to develop
censes cancelled by RBI. Why? an agriculture digital platform which
will provide solutions for agricultural re-
A. Because of financial indiscipline quirements.
B. Because of staff and management rift
A. Baroda Khet
C. As a result of labour unrest
B. Baroda Krishi
D. Owing to voluntary surrender by the
co-operative C. Baroda Farmer
D. Baroda Kisan
3523. Who regulates the functioning of Dis-
trict Cooperative Banks in India? 3528. When was the Banking Ombudsman
A. State Government scheme first introduced in India?
B. RBI A. 1995
C. State Cooperative Banks B. 1998
D. None C. 1999
3524. Which country became a full member of D. 2001
the Financial Action Task Force (FATF), an
international body set up to combat money 3529. What is the population limit at a place
laundering, terrorist financing and other under which the banks don’t require a li-
threats to the international financial sys- cense from RBI to open a branch?
tem recently (December 2018)? A. 10000
A. Myanmar
B. 20000
B. Sri Lanka
C. 40000
C. Pakistan
D. 50000
D. Israel
3530. The primary monetary policy technique
3525. Which of the following is India’s first
employed by the Reserve Bank of India
company to open with White Label ATMs?
is
A. Srei Finance Ltd
A. Reserve requirements
B. Tata communication payments solu-
tions Ltd B. Open market operations
C. Reliance communications Ltd C. Discount policy
D. Airtel Finance LTD D. Margin requirements

386
3531. Which Bank has bagged Hindi implemen- 1. It recommended that a new Con-
tation award Rajbhasha Kirti Award for sumer Price Index (CPI) should be
outstanding performance in implementing adopted by Reserve Bank of India
the Official Language Policy during 2017- (RBI) to anchor the monetary policy.
18? 2. The committee has also set an infla-
A. Union Bank of India tion target at 4 percent with a band
of plus/minus 2 percent around it.
B. Indian Bank 3. The monetary policy decision should
be vested in the hands of the Mon-
NARAYAN CHANGDER
etary Policy Committee (MPC) that
will be headed by the Governor.
3532. As published in the newspapers, the 4. Not to detach Open Market Opera-
RBI has issued certain guidelines to be fol- tions (OMOs) from the fiscal opera-
lowed by the Recovery Agents appointed tions and instead linked solely to the
by the banks. In addition to this, the India liquidity management.
Bank Association (IBA) has to formulate a Select the answer from the codes given be-
special training course for them. Why do low: Codes:
RBI and IBA have to come into picture for
A. 1, 2 and 3
such an issue which is the responsibility of
the banks? [OBC 2008] B. 2, 3 and 4
1. RBI and Govt were getting many C. 1, 3 and 4
complaints from the public about the D. All of the above
misbehaviour of Recovery Agents.
2. Govt of India is paying much em- 3534. How much per cent of the total assets
phasis on providing banking services of the company should be deployed in the
to the poor section of the society. infrastructure loans?
News about ill-treatment by agents A. 75%
or suicides due to inability to pay
B. 60%
back loans create a negative picture.
RBI does not want this to happen. C. 80%
3. Despite banks’ efforts to recover D. 50%
loans’ many people still do not wish
to repay their loans, intentionally. 3535. In case, a depositor wishes to withdraw
Recovery agents will help banks to his fixed deposits prematurely, banks
get their money back by all possible A. do not allow the same till maturity of
means. the deposits
A. Only 1 B. charge a penalty for the same
B. Only 2 C. do not charge any penalty and allow
C. Both 1 & 2 the same
D. Only 3 D. All of the above
3533. Which of the following are the recom- 3536. Which of the following is/are NOT the
mendations of the RBI Expert Committee functions of a bank?
to revise and strengthen the monetary pol- 1. Accepting deposits from the public
icy framework? 2. Grant of loans and advances

387
3. Providing finance to all those who 1. Scheduled Commercial Banks are

cannot earn enough to survive those which have been included
in the First Scheduled of RBI Act,

A. Only 1
1934.
B. Only 2 2. Non-Scheduled Commercial Banks
C. Only 3 are those which have been not in-
cluded in the Second Scheduled of
D. All the above
RBI Act, 1934.
3537. Which bank has tied up with PFG Forex 3. Punjab National Bank is a Scheduled
for remittance facility for the benefit of In- Banks.
dian expatriates from Australia recently? Which of the statements given above
A. Punjab National Bank is/are correct?
B. Bank of Baroda A. Only 2
C. State Bank of India B. Only 2 and 3
D. South Indian Bank C. Both 1 and 2
D. All of the above
3538. Which of the following Acts is enacted
to help the Union Govt. to manage its bud- 3542. Prior approval (as also a licence) of RBI
geted finances and fiscal deficit in a very is required for opening
disciplined manner?
A. personal banking branches
A. The Competition Act
B. merchant banking branches
B. The Banking Regulation Act
C. asset recovery branches
C. The Negotiable Instruments Act
D. All of the above
D. Fiscal Responsibility and Budget Man-
agement Act 3543. SBI Card, the credit card issuer and
Bharat Petroleum, the leading petroleum
3539. How many Aadhaar Enrolment and Up- company in India announced the launch of
date Centres in total are there in India? the BPCL SBI Card-the most rewarding fuel
A. 17000 co-branded credit card in the country. Who
B. 13000 is the present Chairman of SBI?
C. 11000 A. Usha Ananthasubramanian
D. 60000 B. Rajnish Kumar

C. Arundhati Bhattacharya
3540. During the first nine months of the fi-
nancial year 2013-14, the trade deficit in D. Rakesh Sethi
India stood at 3544. CBLO is a money market instrument
A. 105 billion dollar that represents an obligation between a
B. 108 billion dollar borrower and a lender as to the terms and
conditions of a loan. What is the meaning
C. 110 billion dollar of “B” in CBLO?
D. 112 billion dollar A. Borrowing
3541. Consider the following statements B. Balance

388
C. Banking C. IPO
D. Basel D. Preferential shares
3545. Under project ‘SASHAKT’ an asset man- 3550. How much amount has been raised the
agement company/alternative investment authorised capital of NABARD by Union
fund (AIF)-led resolution approach to deal government to help it increase its lending
with NPA cases of more than-? to the rural economy recently?
A. Rs 100 crore A. Rs 600 billion
NARAYAN CHANGDER
B. Rs 200 crore B. Rs 900 billion
C. Rs 300 crore C. Rs 100 billion
D. Rs 500 crore D. Rs 300 billion

3551. ‘Smart Money’ is a term used for
3546. RSBY (Rashtriya Swasthiya Bima Yo-
jana) has been launched to provide health A. internet banking
insurance coverage for BPL families. BPL B. FDRs in banks
stands for-? C. credit cards
A. Banking Poverty Line D. demand drafts of banks
B. Below Poverty Level
3552. Which Bank has launched its first ‘Digi-
C. Below Production Line tal Banking Branch’ named ‘CANDI’ in Ben-
D. Below Poverty Line galuru?
A. Union Bank
3547. As we all know, Cash Reserve Ratio
(CRR) is the percentage of the deposits B. ICICI Bank
keep in reserve with them. This ratio is C. Canara Bank
also known as D. Indian Bank
A. Repo rate
3553. Who among the following regulates the
B. Reverse repo rate Indian Corporate Debt Market?
C. SLR A. RBI
D. Liquidity ratio B. NABARD
3548. How many banks were nationalised in C. SIDBI
the second phase in 1980? D. SEBI
A. 5 3554. SIDBI has started full-fledged merchant
B. 6 banking operations to benefit the expand-
ing number of growth-oriented MSMEs,
C. 7
especially those with a strong technology
D. 4 and innovation quotient. What is the
meaning of “D” in SIDBI?
3549. Free shares of stock given to share hold-
ers at present, based upon the number of A. Development
shares that a share holder owns are B. Department
A. Right issues C. District
B. Bonus shares D. Doing

389
3555. In banking services, which are the major C. Singapore

characteristics affecting the channel selec- D. Netherlands
tion

A. Intangibility 3560. Nepal SBI Bank Ltd. (NSBL) a subsidiary
of the State Bank of India has launched its
B. Inseparability
fully automatic digital banking services in
C. Perish ability the Nepalese capital Kathmandu recently.
D. All of the above NSBL was established in
A. 1985
3556. Indian company having FDI will be per-
mitted to make downstream investment in B. 1993
LLPs. What is the full form of LLP? C. 1989
A. Limited Language Performance D. 1999
B. Limited Liability Partnership
3561. The government has appointed as the
C. Linguistic Liability Participation new Chief Economic Advisor.
D. Limited Lasting Participation A. Siddhartha Bhattacharya
3557. Which of the following schemes is re- B. Dr Krishnamurthy Subramanian
lated exclusively to Financial Inclusion? C. Preeti Saran
[Indian Overseas Bank 2011]
D. Dharmesh Mehta
A. Swawalamban
B. Swadeshi 3562. Dhanlaxmi Bank Ltd is an old private
sector bank headquartered in
C. Swabhiman
A. Karur
D. SGSY
B. Mengaluru
3558. is used to describe small loans
granted to low-income individuals that are C. Thiruvananthapuram
excluded from the traditional banking sys- D. Thrissur
tem.
3563. Which of the following is the apex in-
A. Industries credit stitution that handles refinance for agricul-
B. Microcredit ture and rural development in India?
C. Small credit A. RBI
D. Farmer credit B. SIDBI
3559. DBS Bank India financial services group C. NABARD
DBS Group Holdings has received in- D. SEBI
principle approval from the RBI to con-
vert its existing India franchise to a 3564. With which of the following would you
locally incorporated wholly-owned sub- identify a ‘no frills’ account with?
sidiary (WOS) in India. Where is the head- A. A savings account with no minimum
quartered of DBS Bank? balance requirement
A. Switzerland B. A savings account not having KYC re-
B. Germany quirement

390
C. Fixed deposit account for one year and C. total payments less capital receipts
less D. total expenditure less total receipts ex-
D. Savings account opened in rural cluding borrowing
branches
3570. Who is the present MD and CEO of CER-
3565. The term “a cheque in the electronic SAI?
form” is defined in the Negotiable Instru- A. Mahesh Kumar Jain
ments Act, 1881-under which of the fol- B. Praveen Kumar Sharma
NARAYAN CHANGDER
lowing sections?
C. Ajay Tyagi
A. Section 6
D. Naina Lal Kidwai
B. Section 6(l)
3571. In order to attract more foreign ex-
C. Section 6A change the Govt of India decided to allow
D. None of the above foreign investment in LLP firms. What is
full form of “LLP” as used in this refer-
3566. What do we call the instruments of mon- ence?
etary policy which directly affect the quan-
A. Local Labour Promotion
tity of money supply?
B. Low Labour Projects
A. Quantitative instruments
C. Limited Loan Partnership
B. Qualitative instruments
D. Limited Liability Partnership
C. Money instruments
3572. Aadhar Payment App has been devel-
D. None of the above oped by which of the following?
3567. New private banks are being given li- A. National Payment Corporation of India
cences since B. Unique Identification Authority of In-
A. 1991 dia
B. 1992 C. IDFC Bank
C. 1993 D. All of the above
D. 1995 3573. Which of the following is not a function

of General Insurance?
3568. NIC (National Insurance Company Lim-
A. Cattle Insurance
ited) is India’s oldest general insurance
Company. It was incorporated on B. Crop Insurance
A. 27th December 1956 C. Fire Insurance

D. Medical Insurance
B. 02nd December 1949
C. 21st December 1935 3574. The State Bank of India has slashed
IMPS charges up to 80 percent. IMPS
D. 05th December 1906 stands for
3569. Fiscal deficit is A. Immediate Payment Sending
A. total income less government borrow- B. Immediate Payment Sale
ing C. Immediate Payment Solution
B. total payments less total receipts D. Immediate Payment Service

391
3575. How many installments can be Deposits 3580. Justice Mukul Mudgal comm. is related
in PPF account? with which of the following subject?

A. 14 installments A. IPL spot fixing
B. 16 installments B. Hike in prices of Automobile
C. 18 installments C. Rise in prices of petrol
D. 12 installments
D. Banking Reforms
3576. What is the minimum net owned fund
requirement for NBFCs? 3581. Who is eligiblen to be a promoter of
Small Finance Banks?
A. Rs 200 lakh
A. Individuals
B. Rs 250 lakh
C. Rs 25 lakh B. Trusts
D. Rs 100 lakh C. Corporates

D. All of the above
3577. Which bank has started insolvency reso-
lution process against Lanco Infratech Ltd.
3582. Which among the following banks has
following a directive from the Reserve
inked pact with the state-owned general
Bank of India (RBI), while this is the first
insurer The New India Assurance Company
resolution process initiated by the lenders
Ltd to sell policies through its branches?
against 12 large borrowers identified by
the RBI recently? A. Punjab National Bank
A. State Bank of India B. Canara Bank
B. IDBI Bank C. ICICI Bank
C. Punjab National Bank D. SBI
D. Bank of India
3583. What was the objective behind the
3578. Which of the following does not pertain Banking correspondent scheme?
to non performance assets?
A. Taking banking to the remotest areas
A. Sub standard assets
B. Helping in the process of Financial in-
B. doubtful assets clusion
C. loss assets
C. Both A and B
D. standard assets
D. None
3579. Negotiated Dealing System Relates
to 3584. In insurance, schemes are offered by
insurance companies to provide certain
1. Trading at stock markets
classes of individuals, the benefit of insur-
2. Settlement of secuirty dealings
ance coverage at moderate cost.
3. Trading in government securities
A. Only 1 A. group insurance
B. Only 2 B. motor insurance
C. Only 3 C. travel insurance
D. All the above D. life insurance

392
3585. The Bank rate policy is a component 3590. When was the Oudh Commercial Bank
of established?
A. Fiscal policy A. 1881
B. Monetary policy B. 1894
C. Trade policy
C. 1898
D. Foreign policy
D. 1899
NARAYAN CHANGDER
3586. The primary relationship between the
banker and the customer is that of: 3591. Which is not a monetary measure to con-
trol inflation?
A. Trustee and beneficiary
B. Debtor and Creditor A. Soft loan policy
C. Principal and agent B. Hard credit policy

D. Lesser and lessee C. Tighten the regulations of money issue
3587. GIC Re has become the first reinsurer to D. To reduce the quantity of money
open an office at India’s first International
Financial Services Centre (IFSC) at Gujarat 3592. What kind of Deposits are covered by
International Finance Tec-City (GIFT City). DICGC?
Where is the head office of GIC Re? A. Saving deposits
A. New Delhi B. Fixed deposits
B. Mumbai
C. Current deposits
C. Kolkata
D. All of the above
D. Bengaluru
3593. Which company has contributed over
3588. The Monetary Policy Committee (MPC)
33% (Most UPI transactions) of overall
of India is a committee of the Reserve
UPI transactions?
Bank of India that is responsible for fixing
the benchmark interest rate in India. Who A. Flipkart
is not in MPC?
B. Amazon
A. Urjit R Patel
C. Snapdeal
B. Arun Jaitley
D. Paytm
C. Viral V Acharya
D. Michael Debabrata Patra 3594. In 2014, Competition Commission of In-
dia probed the merger between regional
3589. How much amount can transfer money
rural banks sponsored by Punjab National
from to from designated IMO Post
Bank and
Offices.
A. Andhra Bank
A. Rs 5, 000 to Rs 1, 00, 000
B. Rs 1, 000 to Rs 50, 000 B. Union Bank of India
C. Rs 10, 000 to Rs 1, 50, 000 C. State Bank of India
D. Rs 100 to Rs 10, 000 D. Syndicate Bank

393
3595. Which deposit account is for individuals 3600. Open-market operations of Reserve
to save money and earn the modest inter- Bank of India refer to?
est for that money held in the account?

A. Trading in securities
A. Savings Bank Account
B. Auctioning
B. Current Account
C. Transaction in gold
C. Recurring Account
D. All of the above
D. Fixed Deposit Account
3596. Which of the following is an instrument 3601. In any year, real GDP
used in India to facilitate the access to A. might be greater or less than potential
foreign money by Indian corporations and GDP
PSUs?
B. will always be greater than potential
A. Currency Swap GDP because of the tendency of nations
B. ECB to incur inflamation
C. Base Rate C. always equals potential GDP
D. Bank Rate D. must always be less than potential
GDP
3597. In 2011-12 Central Government
launched a new Scheme ‘Swabhimaan’. 3602. The Bank for International Settlements
Which statements are true about it? (BIS) is the world’s oldest international fi-
A. It is a programme on Financial Inclu- nancial organisation. BIS was established
sion on
B. Opening 5 crore new rural bank ac- A. 26th May 1961
counts.
B. 01st October 1949
C. Providing branchless banking through
technology. C. 14th February 1914
D. All of the above D. 17th May 1930
3598. The Karnataka Bank Limited is a sched- 3603. Which of the following name is used to
uled commercial banking institution based refer to the RBI?
in A. Reserve Street
A. Mysore
B. Credit Street
B. Bijapur
C. Mint Street
C. Mengaluru
D. Hubli
3604. What is the meaning of “APY” in Bank-
3599. Where is the headquarters of IDFC Bank
ing industry?
Limited?
A. Kolkata A. Atal Pension Yojana
B. Bengaluru B. Aahaar Pension Yojana
C. Mumbai C. Adarsh Pension Yojana
D. Chennai D. Atal Public Yojana

394
3605. Jio Payments Bank Limited has com- 3610. MUDRA stands for
menced operations as a payments bank. A. Micro Units Development & Refinance
RBI has issued a license to the bank under Agent
Section of the Banking Regulation Act,
1949 to carry on the business of payments B. Medium Units Development & Refi-
bank in India. nance Association
A. Section 22 (5) C. Micro Units Department & Refinance

Agency
B. Section 25 (4)
NARAYAN CHANGDER
D. Micro Units Development & Refinance
C. Section 32 (4) Agency
D. Section 22 (1)
3611. What were the recommendation of
3606. Co-operative development bank was Janak Raj Committee?
set-up by A. linking bank lending rates to a market
A. NABARD benchmark
B. RBI B. Merging all the Regional Rural banks
C. SBI C. Dissolving all the Payments banks
D. Central Government D. None of the above
3612. What is the full form of the term ‘NPA’

3607. How much amount has been allocated to
as used in banking environment?
for setting up 5 more IIMs and IITs?
A. Not Profitable Assets
A. Rs. 500 Crore
B. New Potential Accounts
B. Rs. 100 Crore
C. Non Performing Assets
C. Rs. 150 Crore
D. Net Performing Assets
D. Rs. 50 Crore
3613. Which among the following public sec-
3608. What is the name of the program initi- tor Banks has offered BBPS, introduced by
ated by the govt which is responsible for the National Payments Corporation of In-
water supply in around 500 cities? dia for its customers?
A. PMMY Programme A. Bank of Baroda
B. APY Programme B. State Bank of India
C. AMRUT Programme C. Central Bank of India
D. PMGSY D. Indian Overseas Bank
3609. Which of the following organisa- 3614. Which of the following are among the
tions/agencies is not associated with the Credit Bureaus present in India?
world of Banking and Finance?
A. Equifax
A. SEBI
B. CRIF Highmark
B. AMFI
C. Credit Information Bureau India Lim-
C. RBI ited
D. SPCA D. All of the above

395
3615. Who is the present CEO of UIDAI? 3619. Which of the following pair has won No-
A. Ajay Bhushan Pandey bel prize 2018 in the field Economic Sci-
ences?

B. J Satyanarayana
A. James P Allison and Tasaku Honjo
C. Anand Deshpande
B. William D. Nordhaus and Paul M.
D. Ajay Singh Natwar
Romer
3616. IDRBT is an institution exclusively fo- C. Arthur Ashkin and Gerard Mourou
cused on banking technology. What is the
full form of IDRBT? D. George P. Smith and Gregory P. Winter
A. Institute for Development & Research 3620. As on 04th October 2017, How many
in Branches Technology Deputy Governor/Deputy Governors in
B. Institute for Development & Research RBI are serving?
in Banking Technology
A. Five
C. Institute for Department & Research
in Banking Technology B. Two
D. Indian for Development & Research in C. Three

Banking Technology D. Four
3621. Where is located India’s first opera-
1. Fiat money is a term used for Gold tional special economic zone (SEZ)?
coins.
2. Currency Deposit Ratio is the pro- A. Ahmedabad
portion of the total deposits com- B. Surat
mercial banks keep as reserves.
C. Jaipur
Which of the above statements is/are cor-
rect? D. Indore
A. 1 only 3622. Which section of PSS Act, 2007 defines
B. 2 only a payment system?
C. Both 1 and 2 A. Section 1
D. Neither 1 nor 2 B. Section 2(3)
3618. Which Bank and Hitachi Payment Ser- C. Section 2(1)
vices Pvt Ltd has launched their merchant-
D. Section 3(1)
acquiring joint venture, SBI Payment Ser-
vices Pvt Ltd (SBIPSPL) in Mumbai for es-
3623. The dimension of the new Rs 10 ban-
tablishing a digital payments platform for
knote will be
India and other countries in the region?
A. Indian Overseas Bank A. 56 mm x 136 mm
B. Bank of Baroda B. 63 mm x 123 mm

C. State Bank of India C. 71 mm x 142 mm
D. United Bank of India D. 67 mm x 166 mm

396
3624. The International Monetary Fund has 3629. Which of the following best define the
approved a new USD 88 billion credit line term Relationship discount?
for replacing the existing line. A. It is given to the couple applying for
A. Mexico personal loans.
B. Japan B. It is an additional benefit by banks.
C. Russia C. It is given to a prospective applicant if
they have a pre-existing relationship with
D. France
the lender.
NARAYAN CHANGDER
3625. NABARD has sanctioned in the first D. Both b and c
quarter of the current fiscal under the
Rural Infrastructure Development Fund 3630. When was the State Bank of India na-
(RIDF) for West Bengal for facilitating the tionalised?
execution of 86 projects. A. 1955
A. Rs 735.53 crore B. 1956
B. Rs 135.20 crore C. 1959
C. Rs 514.27 crore D. 1964
D. Rs 1732.81 crore 3631. Drawing, accepting, making or issuing
of any promissory note, hundi or bill of ex-
3626. Which of the following is the function of
change expressed to be payable to bearer
Issue log?
on demand by a person other than the Re-
A. keeps a record of all issues within a serve Bank of India or the Central Govern-
project ment is prohibited under
B. minimize the impact that issues have A. Banking Regulation Act, 1949
on your project
B. Section 31 (1) of the Reserve Bank of
C. track the actions taken to resolve is- India Act, 1934
sues
C. Negotiable Instruments Act, 1881
D. All of the above
D. Indian Contract Act, 1872
3627. How much amount has been pegged of 3632. Which Bank’s headquarter is located in
the Railways Capital Expenditure for the Kolkata?
year 2018-19?
A. United Bank of India
A. Rs. 2, 57, 123 crore
B. Canara Bank
B. Rs. 1, 48, 528 crore
C. Bhartia Mahila Bank
C. Rs. 4, 62, 231 crore
D. Bank of Maharashtra
D. Rs. 6, 72, 732 crore
3633. Under which among the following acts,
3628. Where is the headquarter of FATF? Hawala transactions are banned in India?
A. New York, USA A. FERA
B. Paris, France B. FEMA
C. Geneva, Switzerland C. FRBMA
D. Italy, Rome D. AFSPA

397
3634. The type of note issue system followed services company. What is the tagline of
in India is PNB?

A. Proportional Fiduciary System A. Where every individual is committed
B. Fixed Fiduciary System B. Where Service Is A Way Of Life
C. Minimum Reserve System C. The Name you can Bank Upon
D. Minimum Fiduciary System D. A Friend You Can Bank On
3635. Axis Bank is the changed name of 3640. The Central government and the have
signed 300 million dollar loan agreements
A. IDBI for India Energy Efficiency Scale up Pro-
B. ICICI gramme.
C. UTI A. Asian Infrastructure Investment Bank
D. UTO B. New Development Bank
3636. Which Bank’s credit card issuer has an-
nounced the launch of ‘ELA’ (Electronic Live D. World Bank
Assistant), a virtual assistant for customer
support and services? 3641. Who is primarily liable on a cheque?
A. Drawer
B. Paying banker
B. HDFC Bank
C. Collection banker
C. Bank of Baroda
D. Everybody who touches the cheque
D. Axis Bank
3642. IDRBT is a unique institution exclusively
3637. What is the maximum population limit focused on Banking Technology. What is
for a commercial bank branch to be de- the meaning of “D” in IDRBT?
clared as rural branch?
A. Distance
A. 1 lac
B. Derivative
B. 2 lac
C. District
C. 4 lac
D. Development
D. 5 lac
3643. Which of the following cannot be called
3638. In case of default, what is the minimum as a value Added Service offered by bank?
percent of additional interest is paid by is-
A. Special Accounts for poor sections of
suer company?
society
A. 15%
B. Accident Insurance Cover
B. 5%
C. Instant credit of outstations cheques
C. 2%
D. Free cheque books
D. 1%
3644. Many a times we read in the news pa-
3639. Punjab National Bank (PNB) is an In- per about CASA deposits of banks. CASA
dian multinational banking and financial deposits are

398
A. Demand deposits 3649. Name the smartphone maker company,

B. Term deposits which has tied up with State Bank of India
to store higher variants of SBI debit cards
C. Hybrid deposits on the app.
D. Recurring deposits
A. Samsung
3645. In terms of Section 5(1) (5) of the Bank-
B. Motorola
ing Regulation Act, 1949, a ‘banking com-
pany’ means any company which C. Apple
NARAYAN CHANGDER
A. accepts deposits from the public D. Lava
B. undertakes lending of money
C. transacts the business of banking in 3650. A banker is expected to honour the
cheques within the specified banking hours
D. All of the above as per section of Negotiable Instrument
3646. Several Budget proposals, including the Act, 1881.
reintroduction of the tax on long-term cap- A. 22
ital gains (LTCG) exceeding from the
sale of shares, has kicked from 01st April B. 25
2018, the beginning of the 2018-19 finan-
C. 30
cial year.
A. Rs 1 lakh D. 65
B. Rs 2 lakh
3651. At the India Water Impact Summit
C. Rs 3 lakh 2018, the government has sanctioned 254
D. Rs 4 lakh projects worth over rupees under Na-
tional Mission for Clean Ganga.
3647. Which one of the following deficits de-
ducted the interest payments to internal A. 29, 000 Crore
and external debt from the fiscal deficit to B. 24, 000 Crore
calculate the deficit of an economy?
C. 18, 000 Crore
A. Revenue deficit
B. Twin deficit D. 34, 000 Crore
C. Primary deficit
3652. Which of the following is /are the most
D. Budgetary deficit important component of the liabilities of
Commercial Banks in India?
3648. SBI Life Insurance has received approval
from the Securities and Exchange Board of 1. Demand deposits
India (SEBI) for an IPO of up to Rs 8, 400 2. Time Deposits
crore ($1.3 billion) recently. IPO stands 3. Inter-Bank liabilities
for-?
A. Only 1
A. Initial Public Offering
B. Only 2
B. Indian Public Offering
C. Industrial Public Offering C. 1 and 3
D. Initial Partnership Offering D. All the above

399
3653. In our country, now a cheque remains C. Secondary sector

valid for payment for from the date of D. Tertiary sector
issue.

A. 3 months 3659. A bank is under a statutory obligations
to honour its customer’s cheques vide
B. 6 months
A. Section 10 of the Banking Regulation
C. 9 months Act, 1949
D. 12 months B. Section 3 of the RBI Act, 1934
3654. The main function of Central Statistical C. Section31 ofthe Negotiable Instru-
Organisation is ments Act, 1881
A. To determine the money supply D. All of the above
B. To determine prices 3660. Which of the following rates is not de-
C. To publish national income estimates termined by RBI?
D. To collect employment details A. Bank Rate
B. CRR
3655. In Union Budget 2014-15, the exemp-
tion on income for senior citizens has been C. SCR
raised to . D. PLR
A. Rs. 2 lakh per annum 3661. The currency notes of which of the fol-
B. RS. 2.5 lakh per annum lowing denominations are not printed in In-
C. Rs. 3 lakh per annum dia?
D. Rs. 3.5 lakh per annum A. Rs. 5

B. Rs. 10
3656. Which of the following was first bank
managed by Indians? C. Rs. 50
A. Bank of Baroda D. Rs. 2500
B. Bank of India 3662. What is the type of banking where

banks operate only from a single branch
called as?
D. Central Bank of India
A. Narrow banking
3657. The merit of issuing notes with RBI can B. Unit Banking
be seen is
C. Shadow Banking
A. uniformity
B. stability in currency
3663. All commercial banks demand deposit li-
C. control of credit
abilities may decrease as a result of
D. All of these A. An inflow of cash
3658. Most of working population of India is B. A decrease in loans
engaged in: C. An increase in security holdings
A. Public sector D. The chasing of a cheque by an individ-
B. Primary sector ual or a firm.

400
3664. The Financial Stability Board (FSB) is 3669. Which company has became the first In-
an international body for the global finan- dian company to cross Rs 6 trillion market
cial system, has placed India in the league capitalization after its shares surged over
of countries that are ‘compliant or largely 75% so far this year and hit a fresh life-
compliant’ on the implementation of prior- time?
ity area reforms. In which among the fol- A. Wipro Limited
lowing year FSB was established?
B. Tata Power
A. 2001
NARAYAN CHANGDER
C. Reliance Industries Ltd (RIL)
B. 2009
D. Bharti Airtel
C. 2003
D. 2015 3670. The country’s largest lender, SBI has
slashed charges for non-maintenance of
3665. Which is included in Capital budget? AMB in savings accounts by nearly 75 per-
A. Income received from public borrow- cent. AMB stands for
ings. A. Average Management Balance
B. Income received from non-tax sources B. Average Monthly Bill
C. All of the above
C. Average Monthly Basic
D. None of these
D. Average Monthly Balance
3666. IRCTC will offer insurance of up to
3671. The largest share of Gross Domestic
INR50 lakh for free for air passengers
Product (GDP), in India comes from
who book their tickets through its portal.
IRCTC has tied up with for the offer. A. agriculture and allied sector
A. Bajaj Allianz B. manufacturing and construction
B. ICICI Prudential C. service sector
C. Bharti-Axa D. defence and public administration
D. Aviva Life
3672. Prior approval (as also a licence) of RBI
3667. Which pension plan provides benefits of is required for opening
pension by employer of organization? 1. Personal banking branches
A. discretionary plan 2. Merchant banking branches
B. non-contributory plan 3. Asset recovery branches
C. contributory plan A. Only 1 and 3

D. Non-discretionary plan B. Only 2
C. Only 1
3668. A very large loan extended by a group
of small banks to a single borrower, espe- D. All the above
cially corporate borrowers is known as
3673. Which financial institution is initiative of
A. Syndicated Loan the World Bank, the Government of India
B. Group Loan and representatives of Indian industry.
C. Standard Loan A. IDBI Bank
D. Organised Loan B. ICICI Bank

401
C. SBI Bank 1. The Govt has taken over the debt

D. RRB Bank of the farmers and has made reim-
bursement to the banks.

3674. What is the authorised capital of Gen- 2. The Govt has identified 237 low-
eral Insurance Corporation of India (GIC)? productivity districts where farm-
ers would be eligible for a minimum
A. Rs.1000 crore
loan relief of Rs. 20, 000 even if
B. Rs.500 crore their land holdings were above two
C. Rs.2000 crore hectares.
3. Andhra Pradesh has the highest
D. Rs.100 crore
number of beneficiaries of the
3675. At present many public sector banks scheme.
and one private sector bank are autho- A. Only 1
rised to handle the Senior Citizens Savings
Scheme (SCSS), 2004. Name the private B. Only 2
sector bank, which is authorised to handle C. Only 3
the Senior Citizens Savings Scheme (SCSS),
D. All the above
2004?
A. ICICI Bank 3679. The Reserve Bank of India made a
B. HDFC Bank strong case for setting up a in India to
address the twin balance sheet problem of
C. Axis Bank the banking sector and the corporate sec-
D. Yes Bank tor.
3676. Who has been appointed as the Man- A. Public Credit Registration
aging Director and Chief Executive Officer B. Public Credit Registry
of IDFC Bank with effect from July 16th,
C. Public Credit Review
2017 for three years?
A. Sunil Mehta D. Public Credit Reminder
B. Melwyn Rego 3680. When was Reserve Bank of India Na-

C. Rajkiran Rai G tionalised?
D. Sunil Kakar A. 1947
3677. What was the first Narsimham Commit- B. 1948

tee’s recommendation regarding the SLR? C. 1949
A. to bring it down from 38.5% to 25% D. 1950
B. to bring it up from 38.5% to 45%
3681. The UIDAI data centre is located at
C. to bring it down from 38.5% to 25% which of the following places?
D. None of the above A. Manesar
3678. Which of the following is/are true B. Uri
about the Loan Waiver Scheme for the
C. Jhabua
farmers launched by the Govt of India re-
cently? D. Patiala

402
3682. According to Economic Survey 2017-18, 2. It is one of the instruments through

which states has the greatest number of which corporates raise debt from
GST registrants? the market.
A. Maharashtra, Madhya Pradesh, Tamil 3. It is the name of the ‘Certificate of
Nadu and Gujarat Deposits’ (CD) provided by the bank
to its retail customers.
B. Telangana, Uttar Pradesh, Tamil Nadu
and Gujarat Select the correct answer using the codes
given below:
C. Maharashtra, Uttar Pradesh, West
NARAYAN CHANGDER
Bengal and Gujarat A. Only 1
D. Maharashtra, Uttar Pradesh, Tamil B. Only 2

Nadu and Gujarat C. Only 3
D. Both 1 and 2
3683. Who is present Secretary, Department
of Posts & Chairperson of Postal Services 3687. Which of the following are the main
Board? functions of the Reserve Bank of India?
A. Meera Handa A. Granting licenses to commercial banks
B. Ananta Narayan Nanda for opening branches in rural areas
C. Usha Chandra Sekhar B. Accepting deposits from the public
D. Achla Bhatnagar C. Regulating foreign exchange business
D. Acting as note issuing authority,
3684. Which of the following is NOT a Gov- bankers’ bank and banker to the govern-
ernment of India undertaking? [Allahabad ment
Bank 2010]
A. Oil India Ltd. 3688. Which one of the following is not a func-
tion of Central Bank in a country?
B. Sutlej Jal Vidyut Nigam Ltd.
A. Credit Control
C. ICICI Bank
B. Managing Money Supply
D. National Thermal Power Corporation
C. Credit Creation
Ltd.
D. Regulation of Foreign Exchange
3685. General Insurance Corporation (GIC) of
India was incorporated on under the 3689. The Reserve Bank of India (RBI) re-
Companies Act, 1956 as a private com- cently announced a hike in some policy
pany limited by shares. rates and also indicated that there may
be another change in near future. Which
A. 01st July 1955
of the following is/are considered a pol-
B. 01st April 1935 icy rate(s) in the hands of the RBI?
C. 22nd November 1972 1. repo rate
D. 12th April 1992/ 2. SLR
3. Inflation
3686. Which of the following is the correct def-
A. Only 1
inition of the term commercial papers?
B. Only 2
1. It is nothing but the popular name
of the judicial stamp papers used to C. Only 3
register financial transactions. D. Only 1 & (2)

403
3690. NCLT is a quasi-judicial body in India B. Savings Bank Account

that adjudicates issues relating to compa- C. Recurring Deposit Account
nies in India. NCLT stands for

D. Current Account
A. National Common Law Tribunal
B. National Company Law Trend 3695. How much amount has allocated for
Railways in union budget 2019-20?
C. National Company Law Tribunal
A. Rs 64, 587 crore
D. National Company Law Transaction
B. Rs 1, 58, 658 crore
3691. Lok Adalat is one of the alternative dis-
C. Rs 17, 500 crore
pute redressal mechanisms, it is a forum
where disputes/cases pending in the court D. Rs 12, 340 crore
of law or at pre-litigation stage are set-
tled/compromised amicably. What is the 3696. Loan of very small amounts given to low
minimum charge to file a case in a Lok income groups is called:
Adalat? A. Cash credit
A. no court fee B. Micro credit
B. Rs 10 C. Simple overdraft
C. Rs 50 D. No frills loans
D. Rs 05
3697. NPCI is an umbrella organization for all
3692. Where is the headquarters of Bank of retail payments system in India. It was
Maharashtra located in India? set up with the guidance and support of
the Reserve Bank of India (RBI) and Indian
A. Mumbai
Banks’ Association (IBA). What does NPCI
B. Pune stand for
C. Aurangabad A. National Payments Corporation of In-
D. Thane dustry
B. National Payments Council of India
3693. What is the reserve deposit ration
(RDR)? C. Nominal Payments Corporation of In-
dia
A. the proportion of money RBI lends to
commercial banks D. National Payments Corporation of In-
dia
B. the proportion of total deposits com-
mercial banks keep as reserves 3698. The European Investment Bank is the Eu-
C. the total proportion of money that com- ropean Union’s nonprofit long-term lend-
mercial banks lend to the customers ing institution established in 1958 under
the Treaty of Rome. Where is the head-
D. none of the above
quartered of European Investment Bank?
3694. Which of the following products pro- A. Warsaw
vide an opportunity to build up saving
through regular monthly deposits of fixed B. Luxembourg
sum over a period of time? C. Sofia
A. Fixed Deposit Account D. Vienna

404
3699. What is the most common type of time 3704. National Institute of Bank Management
deposit? is an Indian institution for research, train-
A. Salary account ing, and consultancy in banking and fi-
nance. It is located in
B. Current Account
A. Bengaluru
C. FD
B. Allahabad
D. Loan
C. Pune
3700. Scheme inaugurated helpline ‘Udyami’
NARAYAN CHANGDER
D. Siliguri
is to assist
A. Rural Unemployed 3705. Which Bank has announced the listing
of the Bank’s debut US 600millionbondis-
B. Large Capital Industries
sueunderitsmaidenUS600 million bond is-
C. Only female entrepreneus sue under its maiden US 1 billion medium-
D. Micro, Small and Medium enterprises term note (MTN) bond on country’s first
international exchange BSE’s IndiaINX at
3701. Many times we read a term CBS used in the International Financial Services Centre
banking operation. What is the full form (IFSC) at GIFT City in Gandhinagar?
of the letter ‘S’ in the term ‘CBS’?
A. Federal Bank
A. Systematic
B. Super
C. Axis Bank
C. Support
D. Yes Bank
D. Solution
3706. Which of the following interest rates
3702. RBI has directed banks that the exer- are not fixed by RBI and left to the dis-
cise of verification of asset classification cretion of the Bank concerned?
and income recognition should be done as
1. Saving Bank deposits
part of the audit work by the branch and
2. DRI Advances
statutory Auditors work by the branch and
3. Ceilling rates on FCNR/NRE deposit
statutory Auditors effective from the year
accounts
ending
4. Ceiling rates on export credit facili-
A. 31st March 1993 ties
B. 31st March 1994 A. 1 and 4
C. 31st March 1995 B. 1 and 3
D. 31st March 1996 C. Only 1
3703. NEFT is a nation-wide funds trans- D. Only 4
fer system which facilitates fund trans-
fer from any bank’s branch to any other 3707. The IMF and the World Bank were con-
bank’s branch. NEFT stands for ceived as institutions to
A. Nominal Electronic Funds Transfer A. strengthen international economic co-

operation and to help create a more sta-
B. National Essential Funds Transfer ble and prosperous global economy
C. National Electronic Financial Transfer B. IMF promotes international monetary
D. National Electronic Funds Transfer cooperation

405
C. The World Bank promotes long-term D. Redeemable preference shares, 15

economic development and poverty reduc- years.
tion

3712. Under the second phase of nationaliza-
D. All of the above tion, 07 banks were nationalized. Their
3708. Know Your Customer (KYC) norms are deposits were over crore.
required to be strictly followed by banks. A. 100
It means B. 150
A. providing improved customer services C. 200
B. determining the identify and residence D. 300
proof of account holders through ap-
proved documents 3713. Which of the following is/are the ma-
C. ensuring that staff members know the jor reforms the Govt has introduced in the
customers banking sector?
D. organising regular customer service 1. Dismantling the complex system of

meetings interest rate controls
2. Eliminating prior approval of the RBI
3709. When prices of goods are falling contin- for large loans
uously, the phenomenon is called as: 3. Introduction of capital adequancy
norms and a few other prudential
A. Stagflation
norms
B. Disinflation
A. Only 1
C. Deflation
B. Only 2
D. Reflation
C. Only 3
3710. Which statement is correct for the Plan- D. All the above
ning Commission of India?
3714. Name the insurance that is a financial
A. It is not defined in Indian Constitution
cover for a contingency linked with human
B. Its members and Deputy Chairman do life, like death, disability, accident, retire-
not have any fixed working duration ment etc.
C. Its members do not require any mini- A. Property Insurance
mum qualification. B. Health Insurance
D. All above are true C. Motor Insurance
3711. Which of the following is a new instru- D. Life Insurance
ments permitted by RBI to bank under Tier
II for Capital adequacy purposes and what 3715. What do we call the facility given to
is its minimum maturity period? a current account holder of withdrawal of
more amount than his deposit?
A. Innovative perpetual debt instrument,
10 years A. Overdraft
B. Non-redeemable Cumulative Capital B. EMI

Instrument, 10 years C. Sweep-in Facility
C. Perpetual preference shares, 15 years D. Recurring Deposit

406
3716. India’s new e-commerce policy came B. 1 Jan 1949

into effect from 01st February 2019. C. 1 September 1949 st
Which of the is not the highlights of this
policy? D. 1 December 1949
A. Bars online retailers from selling prod- 3720. “Doha Development Round” is related
ucts through vendors in which they have with which of the following organization?
an equity interest A. World Bank
B. All online retailers will be required to
NARAYAN CHANGDER
B. World Trade Organisation
maintain a level playing field for all the
vendors selling their products on the plat- C. International Monetary Fund
form, and it shall not affect the sale prices D. Asian Development Bank
of goods in any manner
3721. DICGC is the wholly owned subsidiary
C. The e-commerce retailer and whole of?
seller shall be deemed to own the inven-
tory of a vendor if over 50% of the pur- A. SBI
chases of such a vendor are through it B. NABARD
D. Restricts marketplaces from influenc- C. Union Government
ing prices in a bid to curb deep discount-
D. RBI
ing. With this, special offers like cash-
back, extended warranties, faster deliver- 3722. The Reserve Bank of India (RBI) has
ies to some brands will be prohibited, with imposed penalty on IndusInd Bank for
the view to provide a level playing field breaching rules on income classification
norms.
3717. Financial inclusion is a programme of the
government to cover the maximum popula- A. Rs 15 crore
tion with bank accounts. What is the cur- B. Rs 7 crore
rent coverage approx (As on May 2018)?
C. Rs 10 crore
A. 25%
D. Rs 3 crore
B. 15%
3723. The approved assets against which cur-
C. 40%
rency notes are issued by RBI comprise of
D. 80%
A. gold coin and bullion and rupee coin
3718. and SBI Life Insurance signed a ban- B. foreign securities and Government of
cassurance pact aiming to offer a compre- India rupee securities of any maturity
hensive financial planning solution to its
C. bills of exchange and promissory notes
customers.
payable in India which are eligible for pur-
A. Indian Bank chase by RBI
B. Allahabad Bank D. All of the above
C. Corporation Bank 3724. India and Singapore have signed the Sec-
D. Syndicate Bank ond Protocol amending the CECA in New
Delhi which will boost bilateral trade be-
3719. RBI was Nationalized on-st st st tween the two countries. What is the full
A. 1 Apri 1949 form of CECA?

407
A. Comprehensive Economic Cooperation 3. It will facilitate companies to launch

Agreement their IPOs as the financial climate
will become conducive for the same.

B. Comprehensive Economic Cooperation
Agency A. Only 1
C. Comprehensive Economic Company B. Only 2
Agreement C. Only 1 & (2)
D. Comprehensive Energy Cooperation D. Only 2 & (3)
Agreement
3729. Reserve Bank of India labelled HDFC
3725. On which architecture is UPI built upon? Bank as DSIBs in other words, ‘too big to
A. IMPS fail’. DSIBs stands for
B. NEFT A. Domestic Systemically Important Be-
low
C. RBI
B. Domestic Systemically Important Base
C. Domestic Systemically Important
3726. A debt which is irrecoverable and is Banks
therefore written off as loss in the ac- D. Domestic Systemically Important
counts of an institution or bank is known Branch
as
A. external debt 3730. What is the minimum period for which
an NRE (Non Resident External) term de-
B. good debt posit account can be opened?
C. bad debt A. 12 months
D. internal debt B. 36 months
3727. Crisis Management Center for women C. 60 months
will be open at ? D. 52 months
A. Delhi
3731. Under the Regional connectivity scheme
B. Mumbai of UDAN initiated by the Government
C. Bangalore last year, 56 unserved airports and 31
unserved helipads would be connected.
D. Kolkata UDAN stands for
3728. As per the news published in major A. Utho Desh ka Aam Nagrik
newspapers, the Reserve Bank of In- B. Ude Dono ka Aam Nagrik
dia (RBI) raised Statutory Liquidity Ratio
C. Ude Desh ka Aam Nagrik
(SLR) by 100 basis points to 25% . What
was/were the reason(s) owing to which D. Ude Desh ka Aam Nation
RBI raised the SLR?
3732. What is the full form of LTV In Housing
1. It will help in reducing liquidity in the Finance?
market.
2. Inflation will come down substan- A. Loan to Value Ratio
tially. B. Lending Term Value

408
C. Loan Terms Value C. RBI

D. Lending Tenure Value D. SEBI
3733. Which of the following aspects are out- 3738. What is the full form of NSDL?
lined by the loan policy of a bank?
A. National Securities Depository Limited
A. Rating standards
B. National Securities Demanding Liabil-
B. Lending procedures ity
NARAYAN CHANGDER
C. Financial covenants
C. National Sample Depository Limited
D. All of the above
D. National Sample Driven Land
3734. The interest rate at which the RBI lends
to commercial banks in the short term to 3739. What is the meaning of SCSS?
maintain liquidity is known as A. Senior Citizens Savings Scheme
A. Interest rate B. Senior Citizens Savings Scene
B. Repo rate C. Senior Certificate Savings Scheme
C. Reverse repo rate D. Senior Citizens System Scheme
D. Bank rate
3740. Which of the following helps in monitor-
3735. Canara HSBC Oriental Bank of Com- ing the status of all issue in issue manage-
merce Life Insurance Company Limited was ment process?
launched in-?
A. Issue manager
A. February 2004
B. Issue recorder
B. June 2008
C. Issue register
C. September 2006
D. Issue tracker
D. May 2012
3741. Person named in the instrument to
3736. The commercial banking system in India
whom or to whose order the money is to
comprises of
be paid is known as-?
A. Scheduled and non-scheduled banks
A. Drawer
B. Nationalised banks and private sector
banks B. Drawee
C. Regional rural banks, cooperative C. Payer
banks D. Payee
D. Land development banks
3742. United Bank of India is an Indian
3737. Along with Government of India, are government-owned bank headquartered
responsible for the design, production and in
overall management of the nation’s cur-
A. Kolkata
rency, with the goal of ensuring an ade-
quate supply of clean and genuine notes. B. Chennai
A. NABARD C. New Delhi
B. Finance Ministry D. Mumbai

409
3743. Which of the following contracts in- C. Accounts in which shares of various
volves future exchange of assets at a spec- companies are traded in electronic form
ified price?

D. Accounts which are operated through
A. future contract internet banking facility
B. forward contract 3748. Asian Development Bank has projected
C. Present contract that India’s economic growth is set to rise
D. Spot contract to this fiscal and further to in the
next financial year, on back of GST and
3744. Who guides debenture trustess to en- banking reforms recently.
hance their disclosures for listed debt se- A. 7.7% and 7.9%
curities to protect investor interest?
B. 7.3% and 7.6%
A. Government
C. 7.4% and 7.7%
B. RBI
D. 7.2% and 7.4%
C. SEBI
D. None of the above 3749. An Indian rupee denominated bond is-
sued outside India is called-?
3745. Which of the following Bank has ex-
A. Yankee bond
tended a credit facility of USD 500 million
to Tanzania for water supply projects in B. Bulldog bond
the country? C. Uridashi bond
A. Punjab National Bank D. Masala bond
3750. RBI has deregulated interest rate for
C. Export Credit Guarantee Corporation savings accounts. What does it suggest?
of India
A. Customers will get the benefit of
D. Export-Import Bank of India higher interest rates
3746. Where is the head office of United India B. Banks will have the right to fix their in-
Insurance Company Limited? terest rates independently
A. Pune C. Each bank will have their respective in-
terest rates without the need to adhere to
B. Kolkata
fixed interest rate common to all banks
C. Mumbai
D. Banks will decide interest rates for in-
D. Chennai dividual customers according to their sav-
ings.
3747. Which of the following types of ac-
counts are known as ‘Demat Accounts’? 3751. The Budget has proposed an outlay of
[IBPS 2011] how much crore for the textile sector in
A. Accounts which are Zero Balance Ac- 2018-19?
counts A. Rs. 6000 crore
B. Accounts which are opened to facili- B. Rs. 12320 crore
tate repayment of a loan taken from the
bank. No other business can be conducted C. Rs. 9100 crore
from there. D. Rs. 7148 crore

410
3752. The Union Government, Rajasthan and C. 25 lakh

the World Bank signed a million Devel- D. 10 lakh
opment Policy Loan (DPL) to support Ra-
jasthan in improving the performance of 3757. Which type of remittances are received
its Electricity Distribution Sector under the from abroad?
State’s ‘24 × 7 Power for All’ program.
A. Blockchain Remittance
A. USD 400 million
B. Inward Foreign Remittance
B. USD 250 million
NARAYAN CHANGDER
C. Outward Foreign Remittance
C. USD 500 million
D. USD 725 million
3758. In which among the following year FATF
3753. The facility not available in the BSBDA was established?
is?
A. 1978
A. Deposit amount
B. 1982
B. Withdrawing of cash
C. 1995
C. ATM Card
D. 1989
D. All above facilities are available.
3754. The government has made providing 3759. The Foreign exchange of India is kept
passport details mandatory for taking with
loans of 50 crore rupees and above to en- A. SBI
sure a SWIFT action in case of fraud and B. ECGC
prevent fraudsters from fleeing the coun-
try. Where is the Headquarters of SWIFT? C. RBI
A. Vienna, Austria D. NABARD
B. La Hulpe, Belgium 3760. Which of the following acts helps a bank
C. New York, USA in its day-to-day activities?
D. Paris, France A. Competition Act
3755. NABARD has provided an assistance of B. Negotiable Instruments Act

Rs 10, 012 crore to during 2017-18 to C. Hindu Marriage Act
facilitate overall development with special D. Hindu Succession Act
focus on agricultural credit.
A. Uttar Pradesh 3761. The government was announced a
scheme for informants of benami transac-
B. Assam
tions under which an individual can get a
C. West Bengal reward of up to for providing informa-
D. Gujarat tion to the tax authorities.
A. Rs.1 crore
3756. Maximum loan amount to individuals
against physical security shares can be B. Rs.7 crore
A. 20 lakh C. Rs.4 crore
B. 15 lakh D. Rs.10 crore

411
3762. NABARD (National Bank for Agriculture B. Housing

and Rural Development) established JLG C. Husbandry
to extract the productive capability from

rural population. JLG stands for? D. Health
A. Junior Link Group 3768. A debenture trust deed is an agreement
B. Join Life Group between the company and the trustees to
look after the interest of which of the fol-
C. Joint Line Group lowing?
D. Joint Liability Group
A. Debenture holders
3763. When was ICICI bank founded? B. Issue managers
A. 1991 C. Debt holders
B. 1992 D. Noneof the above
C. 1993
3769. In union budget 2018-19, exemption
D. 1994 of interest income on deposits with banks
and post offices are proposed to be in-
3764. Which of the following is not included in
creased from Rs. 10, 000 to
the estimates of National Income?
A. Rs. 40, 000
A. Sale of collector’s items
B. Rs. 50, 000
B. Addition to inventory, but not sale of
the company’s products C. Rs. 60, 000
C. Market rent of self owned house D. Rs. 20, 000
D. Cost of government services 3770. Aurionpro Solutions a global leader in
digital innovation, enterprise security and
3765. The 5-year National saving certificate
banking solutions, announced its Branch-
has the interest rate of
in-a-Box product, the VTM a fully inte-
A. 7.10% grated self-service kiosk for automating
B. 7.20% 90% of banking transactions at the branch
level. VTM stands for
C. 8.10%
A. Virtual Truncated Machine
D. 0.079
B. Vehicle Teller Machine
3766. Which of the following is the first Bank
to introduce ATM? C. Virtual Timer Machine
A. HSBC D. Virtual Teller Machine
B. ICICI Bank 3771. RBI has raised the exposure limit un-
C. SBI der ETCD trading for residents and foreign
portfolio investors (FPIs) to USD 100 mil-
D. Axis Bank lion across all currency pairs involving the
3767. SHCIL is India’s largest custodian and Indian rupee. What is the meaning of “D”
depository participant based in Mumbai. in ETCD?
What does H stands for in SHCIL. A. District
A. Holding B. Distance

412
C. Development B. Financial Inclusion

D. Derivatives C. Micro Financing
3772. Banks have the lowest lending levels in D. Macro Financing
the part of India.
3777. The RBI has recently decided to with-
A. Central
draw from circulation of currency notes
B. North-Eastern that had been issued before?
NARAYAN CHANGDER
C. Southern A. 2004
D. Western
B. 2006
3773. Type of exchange members who only C. 2005
buy and sell for their personal account are
classified as which of the following? D. 2008
A. non-investment traders
3778. SEBI was established in
B. Commercial traders
A. 1993
C. Professional traders
B. 1992
D. Investment traders
C. 1988
3774. M/s XYZ company has got an order to
supply Machinery to M/s ABC Co of Nige- D. 1990
ria. Who has to get a Letter of Credit is-
sued from a Bank? 3779. Fixed deposits are for the bank
A. M/s ABC since they are the importers A. Fixed Assets

B. M/s XYZ since they are the exporters B. Time liability
C. Both since they are the parties to the C. Demand liability
agreement
D. Current Assets
D. RBI since they regulate the Foreign
Trade in India 3780. High powered money is
3775. As per the decision taken by the Govt A. Bank’s reserves at central banks
of India, all the Public Sector Banks (PSBs)
B. All loans and advances of banks
will be recapitalised over the next two
years so that they can maintain a capital C. Money held by banks
Adequacy Ratio (CAR) of
D. Currency held by public and reserves
A. 9% with the central bank
B. 12%
3781. What does WPI stand for?
C. 11%
A. Wholesale Price Index
D. 0.22
B. Wholesale Price India
3776. Nachiket Mor committee has submitted
its recommendations which are related to: C. Wholesale Price International
A. Insider Trading D. Wholesale Price Industrial

413
3782. Banks without the prior approval of the B. Company

RBI, cannot C. Cashless
A. one a new place of business in India or

D. Currency
abroad
B. shift otherwise that within the same 3787. Many times we have read about ULIP in
centers (city/town/village) of the existing newspapers. ULIP stands for
place of business A. United Loaded Investment Plan
C. shift their sole rural branch outside B. Universal Loan Investment Plan
the centre/village is not permitted, as
C. Unit Life Insurance Plan
such shifting would render the centre un-
banded D. Unit Linked Insurance Plan
D. All of the above 3788. Which of the following was the reason
3783. Reserve Bank of India (RBI) has ap- owing to which Govt wants Reserve Bank
pointed 5-member committee under the of India to tighten prudential norms for
chairmanship of to strengthen digital NBFCs?
payments as well as to boost financial in- A. To reduce liquidity in the market
clusion through Financial Technology. B. It is as per Basel II requirements.
A. Nandan Nilekani C. It is as per Bank for International Set-
B. Vishal Sikka tlement (BIS) directives.
C. NR Narayana Murthy D. It is to protect NBFCs from any impact
D. Salil Parekh of possible economic slowdown.
3784. Which of the following products 3789. As per the IMF’s latest report, India is
launched by most ofthe banks helps farm- projected to grow at 7.3% in 2018 (Octo-
ers in getting instant credit for various ber 2018). What is the name of this re-
agricultural purposes? port?
A. Kissan Credit Card A. Global Economic Prospects
B. Personal Loan B. Indian Economic Outlook
C. Business loan C. Asia At The Forefront
D. ATM Card D. World Economic Outlook
3785. Securitisation act 2002 enables the 3790. The process by which the central bank
banks to issue notices to defaulters who of a country controls the supply of money
have to pay the debts within days. in the economy by exercising its control
A. 90 days over interest rates in order to maintain
price stability and achieve high economic
B. 60 days growth is known as:
C. 30 days A. Economic Policy
D. 120 days B. Monetary Policy
3786. What is the meaning of “C” in ETCD? C. Fiscal Policy
A. Convertible D. Credit Policy

414
3791. As we all know, the Ministry of Finance Son canal in Shahabad-Bhojpur region of
every year prepares the Union Budget and Bihar.
presents it to the Parliament. Which of the A. 5205 million US Dollar
following is/are the elements of the Union
Budget? B. 5 million US Dollar
C. 102 million US Dollar
1. Estimates of revenue and capital re-
ceipts. D. 503 million US Dollar
2. Ways and means to raise the rev-
3796. Which of the following defines Commer-
NARAYAN CHANGDER
enue.
cial Papers?
3. Estimates of expenditure.
A. Long term debt issued by private cor-
porations.
given below:
B. Short-term and unsecured promissory
A. Only 1 notes issued by corporations with-very
B. Only 2 high credit standings.
C. Only 3 C. Savings instrument, in which funds
must remain on deposit for a specified pe-
D. All of these
riod, and premature withdrawals incur in-
3792. Which of the following term is used in terest penalties.
banking and finance? D. 1 and 3
A. Cathode 3797. Which of the following funds is basically
B. Diabetic an index fund which trades like a closed-
C. Equity end fund?
A. Open-end fund
D. Obese
B. Money market fund
3793. The term ‘BSR’ refers to
C. Mutual fund
A. Bank’s selling Rate D. Exchange-traded fund
B. Basic Statistical Returns
3798. Which of the following committee s rec-
C. Annual returns submitted by banks to ommended the setting up of ATM?
RBI in respect to priority sector advances
A. Rangarajan committee
D. Quarterly statements of advance to
B. Shere committee
agriculture
C. Saraf committee
3794. Which of the following is/are the type D. Narasimhan committee
of IDFs?
A. IDF-MF 3799. An Agreement to exchange one currency
with another, at a specific rate of ex-
B. IDF-NBFC change is known as
C. Both 1 and 2 A. Currency Swap
D. Neither 1 nor 2 B. ECB
3795. Asian Development Bank has C. Base Rate
approved US Dollar lining project of the D. Bank Rate

415
3800. The maximum period for which a fixed 3805. Financial inclusion means provision of
deposit can be accepted by a commercial A. financial services, namely, payments,
bank is

remittances, savings, loans and insurance
A. 10 years at affordable cost to persons not yet given
B. 15 years the same.
C. No limit B. ration at affordable cost to persons

not yet given the same.
D. 8 years
C. house at affordable cost to persons
3801. Which of the following is not a bank- not yet given the same.
ing/finance related term? D. food at affordable cost to persons not
A. Credit wrap yet given the same.
B. EMI 3806. Which of the following is not acceptable
C. Held to Maturity as address proof for opening a bank ac-
count by an individual?
D. Diffusion
A. Letter from any recognized public au-
3802. Prof. Muhammad Yunus, the receipient thority
of the Nobel Peace Prize 2006 is the ex- B. Domicile certificate
ponent of which of the following concepts
in the field of banking? C. A rent agreement indicating the ad-
dress of the customer duly registered
A. Core Banking with State Govt.
B. Micro Credit D. Other than those gives as options
C. Retail Banking
3807. Finance Minister Piyush Goyal has an-
D. Real Time Gross Settlement nounced the launch of a social security
3803. Banks cannot accept interest-free de- pension scheme for workers in the unor-
posits other than in ganised sector, called the Pradhan Mantri
Shram Yogi Mandhan in Interim Budget
A. Saving Account 2019-20. Under the scheme, an assured
B. Recurring Deposit Account monthly pension of per month will be
provided to workers in the unorganised
C. Fixed Deposit Account
sector after years of age.
D. Current Account
A. Rs 5, 000, 65 years
3804. The projection of real GVA growth B. Rs 3, 000, 60 years
for 2017-18 has been revised down C. Rs 1, 000, 55 years
to from the August 2017 projection of
7.3 percent by RBI in fourth Bi-monthly D. Rs 9, 000, 50 years
Monetary Policy Statement 2017-18.
3808. The Union Cabinet has approved the
A. 6.7 percent launching of National Mission on Interdis-
B. 6.8 percent ciplinary Cyber-Physical Systems to be im-
plemented by the Department of Science
C. 6.9 percent and Technology at a total cost of crore
D. 6.5 percent for a period of five years.

416
A. Rs 1, 450 crore 3. some comfort to the banks as they

B. Rs 2, 410 crore will be able to reduce their staff
strength.
C. Rs 5, 270 crore
D. Rs 3, 660 crore given below.
3809. What is the purpose of KYC in banking? A. Only 1
A. It is used for customer identification B. Only 2
NARAYAN CHANGDER
B. It is used for increasing the CRR of C. Only 3
banks
D. All of the above
C. It is used for money laundering
D. Both A and C 3813. Which pay is reckoned as emoluments
for pension and gratuity?
3810. Which of the following operates in Inter-
A. Grade pay
bank call money market?
B. Basic pay
C. Gross pay
B. Co-operative banks
C. Financer house of India
D. All of the above 3814. Who is the chairman of Indian oil corpo-
ration Ltd?
3811. Where is the headquarters of Organisa-
tion for Economic Co-Operation & Develop- A. N.C. Jha
ment (OECD)? B. B. Ashok
A. Geneva C. A.K. Hazarika
B. Paris D. D. Subbarao
C. New York
3815. The Central Bank can decrease the Bank
D. London credit component of the money supply
3812. As per the news published in ma- by
jor newspaper/journals hence forth the A. Lowering the cash reserve require-
Credit card holders will be able to access ments
their credit card information though auto- B. Increasing the Bank rate
mated interactive voice response system
over the phone instead of speaking to the C. Lowering the Bank rate
staff. This decision of the banks/credit D. Buying of government securities
card companies will provide.
3816. Providing Gas subsidy, government pen-
1. an additional hurdle to the cus-
sions, providing scholarships etc through
tomers as people feel comfortable in
banks called as
talking to the staff instead of talk-
ing to a machine. A. Area Banking
2. an additional security to the cus- B. Social Banking
tomers as this does not allow any
staff to handle any transaction di- C. Royal Banking
rectly. D. Visual Banking

417
3817. As per newspaper reports, ANZ was D. All of the above

given licence to open a branch in Mumbai.
ANZ is a bank based in 3822. What does the term FX future stands

for?
A. Australia
A. It is a future contract to exchange one
B. Argentina currency for another at a specified date in
C. Afghanistan future.
D. Angola B. It is also known as Currency Future.
3818. Who sets up the Bench Mark Interest C. The exchange rate is fixed on pur-
Rate for Germany? chased date.
A. German Central Bank D. All of the above
B. Deutsche Bundes Bank 3823. Which among the following is the

largest foreign bank operating in India in
C. European Central Bank (ECB)
terms of asset base?
D. Deutsche Bank
A. Stanchart
3819. National Housing Bank (NHB) has de- B. HSBC
cided to increase the Refinance Limit
C. Citibank
from to Rs. 30, 000 crore for the Cur-
rent Year (July 2018-June 2019). D. DBS
A. Rs. 25, 000 crore 3824. IDF provides funds to which of the fol-
B. Rs. 24, 000 crore lowing sectors?
C. Rs. 28, 000 crore A. Infrastructure sector
D. Rs. 20, 000 crore B. Health sector
C. Insurance sector
3820. The industrial Finance Corporation of In-
dia provides loans to D. None of the above
A. government companies only which are 3825. Which of the following statements
in core sector (i.e., power generation, about the NABARD is/are TRUE?
steel, coal and cement, etc) 1. NABARD has a dual role to play as
B. newly established industries in back- it is an apex body and a refinance
ward districts institution.
C. industries in private sector 2. NABARD services as a refinance in-
stitution for all kinds of production
D. joint stock companies and cooperative and investment credit to agriculture
societies engaged in the manufacturing and cottage and village industries.
and processing of goods 3. NABARD accepts short-term de-
3821. Where is the SARFAESI Act not applica- posits from the public like any other
ble? bank to improve its capital base.
A. On unsecured loans A. Only 1
B. Loans below 100000 B. Only 2
C. where remaining debt is below 20% of C. Only 3
the original principal D. Only 1 & (2)

418
3826. For availment of refinance from Na- 3830. In case a depositor is a sole proprietor
tional Housing Bank, scheduled commercial and holds deposits in the name of the pro-
bank has to satisfy which of the following prietory concern as well as in the individ-
conditions? ual capacity, the maximum insurance cover
is available up to
A. The capital adequacy ratio of the banks
should be as per the norms prescribed by A. Rs. 100000
the Reserve Bank of India B. Rs. 200000
B. The net non-performing assets to the
NARAYAN CHANGDER
C. Rs. 500000
net advances of the bank should not ex-
ceed 10% D. All of these
C. The scheduled commercial bank has 3831. CSO has revised the gross domestic
earned profit for the last 2 years product (GDP) growth rate for 2015-16
D. All of the above to 8.2% from the earlier estimates of 8%
and kept the 2016-17 growth unchanged
3827. Which of the following is known as a at 7.1% . The Central Statistics Office is
secured loan of a commercial bank? a governmental agency in India under the
A. Personal loans A. Ministry of Commerce and Industry
B. Credit card overdues B. Ministry of Statistics and Programme

Implementation
C. Temporary overdrafts
D. Gold loans
D. Ministry of Communication and Infor-
3828. Banks issue a letter to the beneficiary mation Technology
on behalf of its constituents like the guar-
3832. Which of the following is an account
antee for making payment on their behalf
maintained in foreign currency with an Au-
on the fulfilment of its terms and condi-
thorised Dealer Bank?
tions. What is this arrangement known in
banking context? A. Exchange Earners’ Foreign Currency
Account
A. Line of Credit
B. Exchange Eligible Foreign Currency Ac-
B. Loan to Client
count
C. Loan on Credit
C. Earners’ Eligible Foreign Currency Ac-
D. Letter of Credit count
D. Earners’ Exchange Foreign Currency
3829. includes both, outright purchase and
Account
sale of government securities, for injection
and absorption of durable liquidity, respec- 3833. Which of the following is the limitation
tively. of the ATMs owing to which people are re-
A. Cash Reserve Ratio quired to visit branches of the bank?
B. Statutory Liquidity Ratio 1. It does not accept deposits.
2. It has a limited cash disbursement
C. Open Market Operations
capacity.
D. Market Stabilisation Scheme 3. Lack of cash availability 24 × 7

419
Select the correct answer using the codes 3838. The term national income represents
given below.
A. Gross national product at market

A. Only 1 prices minus depreciation
B. Only 2 B. Gross national product at markets
C. Only 3 prices minus depreciation plus net factor
income from abroad
D. All 1, 2, and 3
C. Gross national product at market
3834. What is the upper limit of RTGS trans- prices minus depreciation and indirect
actions in India? taxes plus subsides
A. No limit D. Gross national product at market
B. Rs. 10 lacs prices minus net factor income from
abroad
C. Rs. 50 lacs
D. Rs.20 lacs 3839. SME Stands for:
A. Small and Medium Enterprises
3835. Which of the following is/are the Non-
Tax Revenue components of the Union Bud- B. Selling and Marketing Establishment
get of India? C. Selling and Managing Employee
1. Custom Duties D. Sales and Marketing entity
2. Interest Receipts
3. Dividend and Profits 3840. The Workers under the National Ru-
A. Only 1 and 2 ral Employment Guarantee Act are encour-
aged to take their wages through bank
B. Only 2
and post office accounts. This step of the
C. Only 2 and 3 Govt. is to obtain which of the following
D. Only 3 goal(s)?
1. Promote Banks business.
3836. Which of the following banks is not 2. To minimise corrupt practices.
merged with SBI in April 2017? 3. To encourage more and more people
A. State Bank of Bikaner & Jaipur to join NREGA.
B. State Bank of Travancore A. Only 1
C. State Bank of Mysore B. Only 2 & (3)
D. Axis Bank C. Only 2
3837. The Syndicate bank logo is “Faithful D. All the above
Friendly” with the symbol of which ani-
mal? 3841. The Banking Ombudsman
A. Cow A. is in charge of bank loan for buses
B. Dog B. fixes the rates of interest for loans
C. Cat C. resolves complaints of customers
D. Hen D. is the head of all nationalized banks

420
3842. Which of the following is known as 3847. The profit on interest charged on the
broad money? hire purchase should appear in the profit
A. M3 and loss account in what manner?
B. M1 A. The interest charged in that period
C. M2 only should be included
D. M4 B. Interest should be apportioned in pro-

portion to the repayment totals
3843. Which of the following is true about
NARAYAN CHANGDER
NBFC? C. The total interest levied should be di-
vided equally over the total period the for
A. NBFC cannot accept demand deposits
purchase agreement
B. NBFCs cannot issue cheques drawn on
itself D. Interest should instead be capitalised
on the balance sheet
C. Deposit insurance facility of DICGC is
not available to depositors of NBFCs 3848. Which of the following banking does not
D. All are true come under Social Banking?
3844. Hypothecation is: A. Crediting the LPG subsidy in the bene-
A. A transaction of conditional sale ficiary bank account
B. A legal transaction whereby goods B. Offering Jan Dhan Scheme accounts
may be made available as security for a
C. Allowing students to credit their schol-
debt
arships through No-frill accounts
C. Transfer of ownership by the borrower
to the lender D. Allowing the subsidy loan to disadvan-
tage sections of the society
3845. Which of the following bank has been 3849. National Bank for Agriculture and
named the world’s best bank by Global Fi- Rural Development has celebrated
nance magazine, in a reflection of its abil- the Foundation Day on 12th July 2018.
ity to invest in digital innovation while still A. 36th
maintaining stable operations for its cus-
tomers? B. 35th
A. DBS Bank C. 37th
B. Standard Chartered D. 33rd
C. HSBC
D. Sberbank of Russia 3850. Sukanya Samriddhi Account can be
opened up to age of years only from the
3846. What is the current duration of New For- date of birth.
eign Trade Policy?
A. Five years
A. 2004-2009
B. Four years
B. 2009-2014
C. 2010-2015 C. Six years
D. 2007-2012 D. Ten years

421
3851. What is the full form of PMSBY? 3856. Who is the present MD of HDFC Bank?
A. Pradhan Mantri Suraksha Bima Yojana A. Sandeep Bakshi

B. Pradhan Mantri Security Bima Yojana B. Rajnish Kumar
C. Pradhan Mantri Suraksha Banking Yo- C. Shikha Sharma
jana
D. Aditya Puri
D. Public Management Suraksha Bima Yo-
jana 3857. The Reserve Bank of India has tightened
reporting norms for the LRS under which
3852. What is risk in insurance sector?
an individual can transfer up to USD 2, 50,
A. The funds an insurance company sets 000 abroad in a year. What is the full
aside to pay for reported but outstanding form of LSR?
claims
A. Liberalised Remittance Scheme
B. Voluntary programs that are available
B. Liberalised Remittance Service
from the government or private firms
C. The uncertainty concerning the occur- C. Liberalised Remittance System
rence of a financial loss D. Legel Remittance Scheme
D. A course or principle of action adopted
3858. The board of Lakshmi Vilas Bank (LVB)
or proposed by an organization or individ-
approved the merger of the private sec-
ual.
tor lender with Indiabulls Housing Finance
3853. According to the Income Tax Act of (IBH) through a share swap deal. Lakshmi
1961, the age of Super Senior Citizens Vilas Bank based in
should be A. Cochin
A. 60 years B. Thiruvananthapuram
B. 70 years
C. Mumbai
C. 80 years
D. Chennai
D. 75 years
3859. The Tax on import and export is known
3854. When the rate of inflation increases as
A. purchasing power of money increases A. Income Tax
B. purchasing power of money decreases
B. Trade Tax
C. value of money increases
C. Custom Duty
D. purchasing power of money remains
D. Excise Duty
unaffected
3855. Monetary Policy as an arm of the eco- 3860. Which of these kinds of deposits can be
nomic policy is administered by offered by Banking Correspondents?
A. Government of India A. Small Savings Accounts
B. Reserve Bank of India B. Fixed Deposits
C. State Bank of India C. Recurring Deposits
D. Governments of the respective states D. All of the above

422
3861. The government has appointed Shak- C. Corporate term loans

tikanta Das as the new RBI governor, a
D. Infrastructure financing
day after Urjit Patel resigned as RBI Gov-
ernor. He is the Governor of the RBI. 3867. Which of the following is related to fac-
A. 25th toring in NBFC-Factor?
B. 23rd A. Money Market
C. 26th B. Financial transaction
NARAYAN CHANGDER
D. 22nd C. Financial inclusion
3862. Open market operations of RBI refers to D. Non of the above
A. Buying and selling of securities
3868. Which one of the following launched so-
B. Trading in shares cial security scheme for ‘Gramin Dak Se-
C. Auctioning of treasury bills vaks’?
D. Selling & purchasing of goods A. Ministry of Economic Affairs
3863. Many times we read the term ‘ECB’ in B. Ministry of Rural Infrastructure
newspapers. What is the full form of C. Ministry of Communications & IT
‘ECB’?
D. Ministry of Rural Development
A. Essential Commercial Banking
B. European Credit Borrowing 3869. What is the full form of ‘CORE’ in core
C. External Credit For Business banking services?
D. External Commercial Borrowing A. Channel of Rupee Exchange.

B. Customer Online Realtime Exchange.
3864. GNP stands for
A. Gross National Product C. Centralized Online Rupee Exchange.
B. Group Net Product D. Centralized Online Realtime Exchange.

C. Grand Nuclear Process 3870. When did the private companies got the
D. Group Networking Process permission to set up Mutual Funds?
3865. IDBI Bank has announced that has A. 1992

taken charge as the managing director and B. 1993
chief executive officer of the bank.
C. 1994
A. Anand Mahindra
D. 1982
B. Sunil Mehta
C. Rakesh Sharma 3871. The Banks with a net NPA ratio above
12 percent fall into the category
D. Usha Ananthasubramanian
A. 1
3866. Which one of the following is a retail
banking product? [IBPS 2012] B. 2
A. Home Loans C. 5
B. Working capital finance D. 3

423
3872. The association of the rupee with pound 3877. Which of the following is not true about
sterling as the intervention currency was the National Rural Employment Guarantee
broken in Act (NREGA)?

A. 1990 1. NREGA was enacted first to provide
B. 1991 job to rural people only but now peo-
ple in urban areas can also avail the
C. 1992 jobs under it.
D. 1993 2. NREGA is applicable in all districts
of the country now.
3873. NDB, formerly referred to as the BRICS 3. NREGA initially provided 100 days
Development Bank, is a multilateral de- job but now the number of days has
velopment bank established by the BRICS been increased to 15 0.
states. What is the full form of NDB?
A. Only 1
A. New Department Bank
B. Only 2
B. Nominal Development Bank
C. Only 3
C. New Development Basel
D. All the above
D. New Development Bank
3878. After the merger of Associates of SBI,
3874. ‘Growth with Stability’ was the aim of
the total customer base of the bank
which of the following Five Year Plans?
reaches crore.
A. Second Plan
A. 41 crore
B. Third Plan
B. 37 crore
C. Fourth Plan
C. 34 crore
D. Fifth Plan
D. 47 crore
3875. Who heads the Board for Payment and
Settlement Systems? 3879. The FRDI Bill is part of a larger, more
comprehensive approach by the Centre to-
A. RBI Governor
wards systematic resolution of all financial
B. RBI Deputy Governor firms. FRDI stands for
C. Chief Financial Officer A. Financial Resolution and Deposit India
D. Person appointed by Union Govern- B. Financial Resolution and Deposit Inter-
ment national
3876. The Legal Entity Identifier (LEI) is C. Financial Resolution and Deposit Ini-
a alpha-numeric code based on the ISO tial
17442 standard developed by the Inter- D. Financial Resolution and Deposit In-
national Organization for Standardization surance Show Answer
(ISO).
A. 20 digits 3880. Which Bank is all set to roll out a ca-
pacity building project with farmers in
B. 18 digits Haryana and Rajasthan under its ‘Liveli-
C. 22 digits hood and Water Security’ CSR initiative?
D. 16 digits A. ICICI Bank

424
B. Bank of India 3885. The term RS.Merchant Bank’ is used in

whivh of the following countries?
A. United States of America
D. Yes Bank
B. United Kingdom
3881. Many a times we read in financial news- C. France
papers about channel financing. ‘Channel
D. India
Financing’ is/are associated with
NARAYAN CHANGDER
1. SME lending 3886. When was the first law, regulating the
2. Supply chain finance working of cooperative societies, was pro-
3. Retail lending. mulgated by British India Government?
A. 1902
A. Only 1
B. 1904
B. Only 2
C. 1907
C. 1 and 3
D. 1908
D. Only 3
3887. Who has been appointed as the Chair-
3882. An insurance is the amount of money man of Economic Advisory Council to PM
that an individual or business must pay for (EAC-PM)?
an insurance policy. A. Shashikant Sharma
A. premium B. Ratan Watal
B. agent C. Rajiv Kumar
C. health insurance D. Bibek Debroy
D. broker 3888. Banks make frequent changes in their
product profile including introduction of
3883. What is the minimum balance should be, new products etc. This is called
in a Cheque account of Post Office Saving
A. Product Control
Schemes?
B. Product enhancement
A. Rs 2500
C. Product marketing
B. Rs 500
D. Product enrichment
C. Rs 1000
3889. When was HDFC bank established?
D. Rs 2000
A. 1994
3884. APY is a government-backed pension B. 1991
scheme in India targeted at the unorgan-
C. 1993
ised sector. What is the full form of APY?
D. 1996
A. Atal Public Yojana
B. Atal Private Yojana 3890. Which of the following acts as the first
line of defense for India in case of economic
C. Atal Pension Yojana slowdown?
D. Atal Pension Yoga A. Securities

425
B. Foreign-exchange reserves A. dormant account

C. Currency B. demat account

D. Gold reserves C. inoperative account
3891. The word NELP is associated with D. inactive amount
A. Discovery of Oil & Natural Gas
3896. Which one of the following is controlled
B. National Highway extension by the World Wide Web?
C. Communication A. Universal banking
D. Space research B. Virtual Banking
3892. On the recommendations of which of C. Wholesale Banking
the following committees Regional Rural
D. None of these
Banks (RRB) were established?
A. Tarpore Committee 3897. In banking parlance, ‘Sub-prime’ refers
B. Narasimham Committee to
C. Karmakar Committee A. landing by banks at rates below PLR

D. Kelker Committee B. funds raised by banks at sub-libor
rates
3893. Which of the following stock exchange
C. group of banks which are not rated as
is derecognized by SEBI on 19.11.2014 on
prime banks as per bankers almanac
the allegations of serious irregularities in
its functioning? D. lendingdone by banks/FIs to cus-
A. Bombay Stock Exchange tomers not meeting with normally re-
quired credit appraisal standards
B. Delhi Stock Exchange
C. Calcutta Stock Exchange 3898. In which of the following NBFCs, institu-
tional investors can be sponsored by com-
D. Bangalore Stock Exchange
mercial banks and NBFCs?
3894. Which Bank has entered into an agree- A. Loan Companies
ment with CDSL Commodity Repository
Limited (CCRL) and it is first Public Sec- B. IFC
tor Bank to become the Repository Partic- C. Systemically Important Core Invest-
ipant for Pledge Finance under the Repos- ment Company
itory Ecosystem for registered/accredited
D. Infrastructure Debt Fund
warehouses by WDRA?
A. Bank of India 3899. The New Capital Adequacy Frame work
B. State Bank of India prescribed for the banks is commonly
known as?
C. Union Bank of India
A. KYC norms
D. Bank of Baroda
B. Credit Policy
3895. The savings bank account that does not
C. Basel accord
operate for more than 24 months, then the
acount is called? D. Fiscal Policy

426
3900. The Finance Minister stated that esti- 3905. Where is the Corporate Office of
mated budgetary expenditure on health, Bharatiya Reserve Bank Note Mudran Pri-
education and social protection for 2018- vate Limited (BRBNMPL)?
19 is against estimated expenditure of
A. Mumbai
Rs.1.22 lakh crore in 2017-18.
B. Kochin
A. Rs.1.52 lakh crore
C. Chennai
B. Rs.1.38 lakh crore
D. Bengaluru
NARAYAN CHANGDER
C. Rs.1.27 lakh crore
D. Rs.1.63 lakh crore 3906. Which country Bank Pasargad belongs
to?
3901. The World Bank has projected India’s
GDP growth at for 2018-19 and accel- A. Iran
erates further to in 2019-20. B. Germany
A. 7.5% and 7.7% C. Russia
B. 7.3% and 7.5% D. Sweden
C. 7.7% and 7.9%
3907. has launched “Pitch to MOVE”-a
D. 7.1% and 7.3% mobility pitch competition that aims to
provide budding entrepreneurs of India a
3902. Who decided on the quantity of coins to
unique opportunity to pitch their business
be minted?
ideas to a distinguished jury.
A. The Government of India
A. United Nations
B. RBI
C. Either 1 or 2
C. NABARD
D. All of the above
D. NITI Aayog
3903. RSBY is a government-run health insur-
ance programme for the Indian poor. What 3908. The best alternative banking service to
is the meaning of “S” in RSBY? branch banking to be the part of financial
inclusion?
A. Service
A. Establishment of small branches
B. Scheme
B. Set-up ATMs
C. Security
C. Issuing of ATM cards
D. Swasthya
D. Mobile banking
3904. Which bank has launched a new trading
platform called “Selfie” for customers in 3909. Which of the following is a retail bank-
association with Geojit? ing product?
A. Federal Bank A. Home loans
B. IDFC Bank B. Working capital finance
C. Kotak Mahindra Bank C. Corporate term loans
D. HDFC Bank D. Infrastructure financing

427
3910. A bill of exchange contains which of the 3915. What was the targeted growth rate for
following? 2012-17 in the 12th Five Year Plan?

A. Unconditional order A. 8%
B. Unconditional undertaking B. 10-11%
C. Conditional undertaking C. 9.60%
D. Conditional order D. 9.5-9.75%
3911. Reserve Bank of India on 20 January 3916. Which one of the following is not a lia-
2014 constituted an Expert Committee to bility of commercial banks?
Review Governance of Bank Boards in In- A. Time deposits
dia. The expert committee will be chaired
B. Borrowing from Central Bank
by?
C. Security holdings
A. Urjit R. Patel
D. Demand deposits
B. H.R. Khan
C. K.C. Chakrabarty 3917. What were the correct locations of three
presidency banks during British India?
D. P.J. Nayak
A. Calcutta, Madras, Bombay
3912. Which among the following countries B. Surat, Calcutta, Madras
has contributed$ 100, 000 to a UN fund
C. Surat, Madras, Bombay
to help developing countries actively par-
ticipate in the discussion of tax issues, be- D. Bombay, Calcutta, Surat
coming the first country to make the con-
3918. What is the full form of ANBC in Bank-
tribution?
ing?
A. India
A. Adjusted Net Bank Cash
B. UK B. Adjusted Net Bank Control
C. Austria C. Adjusted Net Bank Core
D. Canada D. Adjusted Net Bank Credit
3913. As announced in the budget session, 3919. What is the meaning of “I” in BHIM
what is the worth of the Indian Economy? app?
A. 3.5 trillion A. International
B. 4.5 trillion B. Immediate
C. 5.5 trillion C. Interface
D. 2.5 trillion D. Indian
3914. Which of the following is another name 3920. SEZs Policy was announced in with
for Self help groups? the objective of making the SEZs an engine
A. mutual aid for economic growth, supported by qual-
ity infrastructure and an attractive fiscal
B. support groups package both at the Central and State level
C. groups of people with a single window clearance.
D. All of the above A. December 1999

428
B. October 2010 3925. The RBI has helped to finace India’s for-
C. January 2005 eign Trade through
D. April 2000 A. NABARD
3921. NABARD came into existence on 12th B. EXIM Bank

July 1982 by transferring the agricul- C. SBI
tural credit functions of RBI and refi-
nance functions of the then Agricultural D. IDBI
NARAYAN CHANGDER
Refinance and Development Corporation
(ARDC). Name the Chairman of NABARD? 3926. In India, the first bank of limited liabil-
ities managed by Indians and founded in
A. RS Sharma
1881 was
B. HK Bhanwala
A. Hindustan Commercial Bank
C. Uma Shankar
B. Oudh Commercial Bank
D. Ajay Tyagi
3922. The Reserve Bank of India (RBI) is
vested with the responsibility of conduct- D. Punjab and Sind Bank
ing monetary policy. This responsibility is
explicitly mandated under which act? 3927. Which of the following were considered
A. Companies Act, 1956 to be compelling reasons for bank Nation-
alization?
B. Negotiable Instruments Act, 1881
A. Concentration of wealth and economic
power in the hands of industrialists and
D. Banking Regulation Act, 1949 business
3923. Name the Private sector Bank, which B. Branch expansion was confined to ur-
has received$ 150 million funding from ban areas and rural area were being ne-
the US government and Wells Fargo to glected
increase lending to support women en-
trepreneurs and small and medium-sized C. Sectors like agriculture small scale in-
enterprises in India. dustries and the other deserving sectors
were outside the purview of bank lending
A. Axis Bank operations
B. ICICI Bank
D. Above all
C. Yes Bank
D. Kotak Mahindra Bank 3928. Private sector lender Axis Bank reduced
interest rate on savings bank accounts by
3924. The Government of India has 50 basis points to 3.5 percent for deposits
released million Nepali rupees grant for up to
Terai roads project in Nepal.
A. Rs 1 lakh
A. 470 million
B. 230 million B. Rs 80 lakh
C. 100 million C. Rs 20 lakh

D. 820 million D. Rs 50 lakh

429
3929. For filing and resolving customer com- 3934. Reserve Bank has permitted RRBs for
plaints, the Banking Ombudsman opening/maintaining non-residents (ordi-
nary/external) accounts in rupees and for

A. charges a fee of Rs. 500
acceptance of FCNR (2) deposits subjects
B. does not charge any fee to the condition that
C. charges a fee of Rs. 1500 A. the bank should have a positive net
D. charges a fee of Rs. 1000 worth and earned net profit during the pre-
ceding year
3930. For which of the following reasons,
NABARD has set up joint liability groups B. the bank should not have defaulted in
(JLG) of farmers? [Allahabad Bank 2011] maintenance of CRR/SLRrequirements on
more than three occasions during the pre-
A. To facilitate delivery of credit to farm-
ceding 2 years.
ers
C. net NPA level of the bank should not ex-
B. To facilitate better delivery of credit to
ceed 5% of the outstanding advances as
farmers through informal sources
on 31st March of the preceding year
C. To facilitate better delivery of credit to
D. All of these
share croppers and those who do not have
their own land 3935. Real time gross settlement benefits
D. To facilitate better delivery of credit to A. the customers
farmers through Panchayats
B. the banks
3931. Which of the following mutual funds C. Reserve Bank of India
solely invests in stocks?
D. Both A and B
A. Bond Fund
B. Fixed Income Fund 3936. As we know that Reserve Bank of India
changes the CRR. Which of the following
C. Money Market Mutual Fund statement is correct in this regard?
D. Equity Fund 1. Reduction in CRR increases the liq-
3932. Which bank has the lowest interest rate uidity position within Indian banks.
for Home loans in India? 2. Decrease in CRR decreases lending
capacity of banks.
A. SBI
3. Increase in CRR does not affect the
B. HDFC liquidity position.
C. ICICI A. Only 1
D. RBI B. 1 and 3
3933. Which of the following insurance com- C. Only 3
pany has launched the ‘Cyber Security D. Only 2
Awareness Week’ starting from October
21, 2018 to October 27, 2018? 3937. Which of the following are included,
A. HDFC ERGO when calculating GDP by the expenditure
method?
B. Aviva Life
1. Value of tyres sold by a tyre manu-
C. LIC facturer to a car manufacture.
D. UIIC 2. Amount of imports.

430
3. Amount spent on education by a B. IDBI

household. C. SIDBI
Select the correct answer using the codes D. NABARD
given below:
A. Only 2 3942. IIB is a multilateral institution for devel-
opment that promotes social and economic
B. 1 and 2 development, prosperity, and economic co-
C. 2 and 3 operation between its member states. IIB
NARAYAN CHANGDER
D. Only 3 stands for
A. International Investment Bank
3938. The government has infused how much
crore Rupees in four public sector banks, B. International Indian Bank
including UCO Bank and Syndicate Bank re- C. International Installment Bank
cently? D. International Institution Bank
A. Rs 28, 615 crore
3943. The budgetary and extra budgetary
B. Rs 43, 203 crore expenditure for the Sector has been in-
C. Rs 54, 102 crore creased from Rs.4.94 lakh crore in 2017-
D. Rs 10, 882 crore 18 to lakh crore in 2018-19.
A. Rs.10.12 lakh crore
3939. Additional deductions such as interest
B. Rs.35.34 lakh crore
on home loan up to , interest on educa-
tion loans, National Pension Scheme contri- C. Rs.15.17 lakh crore
butions, medical insurance and medical ex- D. Rs.5.97 lakh crore
penditure on senior citizens etc, are also
provided for in the Interim Budget 2019- 3944. Which commission distributes the taxes
20. between centre and states?
A. Rs. 4 lakh A. NITI Ayog
B. Rs. 5 lakh B. Board of Direct Taxes
C. Rs. 2 lakh C. Finance Commission
D. Rs. 1 lakh D. National Development Counsel
3940. RBI has introduced Inflation Indexed 3945. Which bank launches first homegrown
Bond which have the locking period of: economic index?
A. 5 years A. ICICI
B. 10 years B. BOB
C. 15 years C. SBI
D. 20 years D. PNB
3941. Which of the following maintains the 3946. Who among the following has pointed
RIDF (Rural Infrastructure Development out the contradictory nature of the terms
Fund)? RS.RS.self-help” and RS.RS.support”?
A. RBI A. Michael K. Bartalos

431
B. C. Everett 3952. The Banking Ombudsman is a senior of-

ficial appointed by ?
C. Thomas Bent

A. Indian Government
B. President of India
3947. Which of the following is not a fee- C. Chief Justice of India
based financial service?
A. Corporate counseling
3953. Interest on Savings deposit nowadays
B. Profit management is .
C. Lease financing A. Fixed by RBI
D. Issue management B. Fixed by the respective Banks
3948. Banks are required to provide loans to C. Fixed by the Depositors

the priority sector upto a specified limit. D. Fixed as per the contract between
What is the limit for public sector banks? Bank and the Consumer Court
A. 40 percent 3954. As per the reports published in various
B. 32 percent newspapers, RBI has asked banks to make
a plan to provide banking services to all vil-
C. 45 percent lages having a population of 2000. This di-
D. 35 percent rective issued by the RBI will fall in which
of the following categories? [Corporation
3949. Payment of a cheque cannot be made on Bank 2010]
a cash counter of bank, if the cheque is A. Plan for Financial Inclusion
A. Bearer B. Efforts to meet the targets of Priority
B. cross Sector Lending
C. order C. Extension of Relief Packages to the
Farmers
D. All of above
D. Extension of Internet and Branchless
3950. Janashree Bima Yojana (JBY) was Banking
launched on 3955. In which of the following accounts,
A. 10th August 2002 shares and securities are held in demate-
rialized form?
B. 10th August 2007
A. Salary account
C. 10th August 2000
B. Current account
D. 10th August 2010
C. Demat account
3951. Priority Sector does not includes the D. Savings account
A. Agricultural Finance 3956. In the first phase of National Company
B. Education Loans Law Tribunal the Ministry of Corporate Af-
fairs have set up eleven Benches, one Prin-
C. Housing loans
cipal Bench. The Principal Bench is located
D. Life Insurance Policy in

432
A. Bengaluru 3961. The Regional Rural Banks were owned

B. Kolkata by
A. Central Government
C. Mumbai
B. State Government
D. New Delhi
C. Sponsor Banks
3957. Government securities with terms of D. All of the Above
more than 1 year are called
3962. Which of the following Acts was framed
NARAYAN CHANGDER
A. government bonds
to deal more effectively specially with
B. treasury bills the problem of Non-Performing Assets in
C. bills of exchange banking system?
D. capital bills A. SARFAESI ACT

B. Banking Regulation Act.
3958. Which is a full-service credit rating
C. Foreign Exchange Management Act
agency exclusively set up for micro, small
and medium enterprises? D. Industrial Dispute Act.
A. CRISIL 3963. In banking terminology bad loans refer
B. ICRA to
C. CARE A. Bad debts

B. Non Performing assets
D. SMERA
C. Underwriting assets
3959. Match the following D. Fictitious assets
List-I List-II 3964. is entrusted with the responsibility

A. Allahabad Bank 1. Delhi of regulation of commercial banks under
B. Central Bank of India 2. Kolkata the regulatory provisions contained in the
C. Indian Overseas Bank 3. Mumbai Banking Regulation Act, 1949 and RBI Act,
D. Punjab National Bank 4. Chennai 1934 besides enunciation of banking poli-
cies.
A. NBFC
A. A-2, B-4, C-3, D-1
B. SEBI
B. A-2, B-3, C-4, D-1
C. BCSBI
C. A-4, B-3, C-2, D-1
D. DBOD
D. A-4, B-1, C-3, D-2
3965. Indian Banks’ Association, formed on
3960. When were the Local Area Banks were 26 September 1946 as a representative
set up first in India? body of management of banking in India
operating in India-an association of Indian
A. 1994
banks and financial institutions based in
B. 1995 Mumbai. Who is present Chairman of IBA?
C. 1996 A. Jatinder Bir Singh
D. 1998 B. Dinabandhu Mohapatra

433
C. Sunil Mehta 3. IDA

D. Rajnish Kumar A. Only 1

3966. According to Reserve Bank of India’s B. Only 2
latest study, which one of the following C. Only 3
states ranks as the best performing state D. Only 1 & (3) both
in most of the key fiscal parameters?
3971. The government of India and the Asian
A. Gujarat
Development Bank (ADB) signed a$ 375
B. Kerala million loan agreement to contribute to
C. Chhattisgarh double farming incomes in by expanding
irrigation networks and system efficiency.
D. Odisha
A. Uttar Pradesh
3967. Which organisation has released the op-
B. Madhya Pradesh
erational guidelines to facilitate payments
among prepaid instruments (PPI) such as C. Maharashtra
mobile wallets, a move aimed at promot- D. Gujarat
ing digital transactions?
3972. Each depositor in a bank is insured
A. NABARD by DICGC up to a maximum of for
B. TRAI both principal and interest amount
C. IRDAI held by him in the same capacity and
same right as on the date of liquida-
D. RBI tion/cancellation of bank’s licence or the
3968. When was Ombuds Men Scheme first in- date on which the scheme of amalgama-
troduced? tion/merger/reconstruction comes into
force.
A. 2006
A. Rs.1, 00, 000
B. 1981
B. Rs.2, 00, 000
C. 1995
C. Rs.3, 00, 000
D. 1998
D. Rs.4, 00, 000
3969. Where is the head office of ADB?
A. New Delhi RBI’s decision regarding sick micro and
B. Vienna small enterprises?
C. Manila A. These guide lines made on recommen-
dations of the working group chaired by
D. Beijing Deputy Governor K. C. Chakrabarty
3970. The National Bank for Agriculture and B. RBI has suggested that an MSE is con-
Rural Development (NABARD) gets some sidered ‘sick’ when: any of the borrowed
amount of its funds from which of the amount of the enterprise remains a non-
following organizations for its various performing asset (NPA) for three months
schemes? or more
1. world bank C. RBI also suggested if there is ero-
2. Bank of America sion in the net worth due to accumulated

434
losses to the extent of 50 percent of its C. Both A and B

net worth during the previous accounting
year
D. The stipulation that the unit should 3978. Consider the following statements re-
have been in commercial production for at garding loan syndication and state which
least two years has been removed. among those are true?
3974. The World Bank sanctioned Rs. 18, 000 1. More than one debtors applying for
a loan to one creditor.
NARAYAN CHANGDER
crores to which of the following states for
its Poverty Alleviation Programme? 2. More than one creditors coming to-
gether to provide single loan.
A. Karnataka 3. More than one creditors coming
B. Gujarat toghter to provide multiple loans.
C. Maharashtra A. 1 and 2
D. Uttar Pradesh B. only 3
3975. Consider the following statements in C. only 2
the context of governance.
D. 1 and 3
1. Encouraging foreign direct invest-
ment inflows 3979. The origin of the State Bank of India
2. Privatisation of higher educational goes back to the first decade of the 19th
institutions century with the establishment of
3. Down-sizing of bureaucracy
A. Bank of Calcutta
Which of the above can be used as mea-
B. Bank of Bengal
sures to control the fiscal deficit in India?
A. Only 1 C. Bank of Bombay
B. Only 2 D. Bank of Madras

C. Only 3 3980. AIIB is a multilateral development bank
D. All of the above with a mission to improve social and eco-
nomic outcomes in Asia and beyond. AIIB
3976. Which among the following banks has commenced operations in
launched the First Multi-Currency Contact-
less Card service in India? A. January 2014
A. HDFC Bank B. January 2015
B. Axis Bank C. January 2016
C. State Bank of India D. January 2017
3981. do not attract TDS
3977. Where is the printing press of Bharatiya A. Recurring deposits
Reserve Bank Note Mudran Pvt. Ltd. Lo-
cated? B. Fixed deposits
A. Mysore C. Reinvestment deposits
B. Salboni D. NRO FDR

435
3982. The paid-up capital of non-scheduled 3986. A Central Co-operative Bank is gener-
bank is less than ally headquartered at

A. Rs. 5 lakh A. an important town of the district
B. Rs. 10 lakh B. state capital
C. Rs. 12 lakh C. same place which is the headquarter
D. Rs. 15 lakh of the district
3983. Jammu and Kashmir Bank has launched D. the place where from the Central Gov-
a special financing scheme named ‘Add-on ernment is run
Working Capital GST’ to help the state in-
dustry cope with the delay in reimburse- 3987. Payment of a cheque may be counter-
ment of GST under special tax relief. Who manded by the
is the present Chairman and CEO of J & K A. Payee
Bank?
B. True owner
A. Ajay Tyagi
C. Drawee
B. Mohammad Ansari
D. Drawer
C. HR Khan
D. Parvez Ahmed 3988. Which of the following steps is taken
for financial inclusion in India?
3984. Many a time we read about the priority
sector in newspapers. Which of the follow- A. The expansion of network of coopera-
ing is/are considered segment(s) of Prior- tive banks to provide credit to agriculture
ity Sector in India? and saving facilities in rural areas
1. Agriculture B. Nationalisation of banks in 1969 and
2. Small Scale Industry expansion of branches
3. Textile Industry C. Creation of an elaborate framework of
A. Only 1 priority sector lending with mandated tar-
B. Only 2 gets as part of a strategy to meet the sav-
ings and credit needs of large sections of
C. Only 3 the Indian population, who had no access
D. None of these to institutional finance
3985. Recently, The Reserve Bank of In- D. All of the above

dia (RBI) constituted a 15-member inter-
3989. Which of the following regulatory body
regulatory committee to monitor the grow-
has released operational guidelines to fa-
ing phenomenon of shadow banking. Who
cilitate payments among prepaid instru-
has been appointed as the Chairman of this
ments (PPI) such as mobile wallets?
committee?
A. P. Vijaya Bhaskar A. IRDAI
B. Dindyal Kukreja B. SEBI

C. N. Sundaresan C. RBI
D. Ram Nath D. NABARD

436
3990. Which of these banks was nationalised A. New Demand and Tenure Liabilities
in 1969? B. Net Demand and Time Liabilities
A. United Bank of India C. National Deposits and Total Liquidity
B. Vijaya Bank D. Net Duration and Total Liquidity
C. Andhra Bank
3996. In the second nationalization of commer-
D. Punjab and Sind Bank cial banks, were nationalized.
NARAYAN CHANGDER
3991. What is the base year for new series of A. 4
IIP (Index of Industrial Production)? B. 5
A. 1993-94 C. 6
B. 1994-95 D. 8
C. 2003-2004
3997. Credit facility in Infrastructure finance
D. 2004-2005 companies is related to which of the fol-
3992. “Good People to grow with” is the slo- lowing?
gan of A. Equity
A. Bank of Baroda B. Shares
B. Punjab National Bank C. Infrastructures
C. Central Bank of India D. Loan
D. Indian Overseas Bank 3998. What is meant by the merchant discount
3993. The Banking Codes and Standards Board rate in respect of a credit card transaction?
of India (BCSBI) was registered as a soci- A. Merchants are given special commis-
ety under the in February 2006. sion for promoting bank transactions
A. Companies Act, 1956 B. The bank commission charged from
B. Societies Registration Act, 1860 merchants who have point of sales termi-
nals for card payments from customers
C. The one time fees charged for pro-
D. Reserve Bank of India Act, 1934 viding point of sales terminal to mer-
3994. SIDBI is the principal development fi- chants/shopkeepers
nancial institution in India. In which year D. The service tax payable by shops and
SIDBI was established? merchant establishments having facility of
A. 1982 card payments.
B. 1990 3999. For an NBFC-MFI, the tenure of the

C. 1988 loan must not to be less than how many
months?
D. 1992
A. 12 months
3995. As per the existing policy, the Cash Re- B. 24 months
serve Ratio (CRR) of scheduled banks is
fixed at a certain percentage of their NDTL. C. 18 months
What is full form of NDTL? D. 36 months

437
4000. Which of the following terms is NOT B. Swarna Jayanti Gram Swarozgar Yo-
used in Banking Sector? jana

A. SLR C. TRYSEM
B. NPA D. Indira Aawas Yojana
C. Credit Rating 4005. Which of the following is the abbrevi-
D. PURA ated name of the new Act which deals with
money laundering?
4001. Suryoday Small Finance Bank Limited, a
non-banking finance company, is engaged A. AILTA
in providing loans to women from econom- B. PERDA
ically weaker sections. Where is the head
C. TERLS
office of Suryoday Small Finance Bank Lim-
ited? D. PMLA
A. Navi Mumbai 4006. Many times we read that a corporate
B. Pune entity is in the process of raising its capital
base. Why is a company required to raise
C. New Delhi
money to strengthen its capital base?
D. Bhopal
1. To finance its expansion plans
4002. Agriculture Insurance Company Of India 2. To finance its diversification plans
Limited’ (AIC) was incorporated to exclu- 3. To repay its loans and borrowings
sively cater to the insurance needs of the A. Only 1
persons engaged in agriculture and allied
B. Only 2
activities in India under
C. Only 3
A. Companies Act, 1956
D. Only 1 & 2
B. IRDA Act, 1999
C. Reserve Bank of India Act, 1934 4007. Committee related with the merger of
regional rural banks with their sponsor
D. SEBI Act, 1992
banks is
4003. In which of the following fund transfer A. Khusro Committee
mechanisms, can funds be moved from one
B. Khan Committee
bank to another and where the transaction
is settled instantly without being bunched C. Malegam Committee
with any other transaction? D. Hilton Young Committee
A. RTGS
4008. In production sector, a micro enterprise
B. NEFT is an enterprise where investment in plant
C. TT and machinery does not exceed how much
D. EFT amount?
A. Rs 10 lakh
4004. “Self Help Group” is associated with
which of the following Rural Development B. Rs 15 lakh
Programmes? C. Rs 20 lakh
A. Pradhan Mantri Gram Sadak Yojana D. Rs 25 lakh

438
4009. RBI has lifted a ban on carrying Indian 4014. Nippon Life Insurance has signed defini-
bank notes of Rs 1, 000 and 500 denomi- tive agreements to invest Rs 2, 265 crore
nations to and from Nepal and Bhutan. RBI (US$ 332.32 million) in order to increase
has put a limit on carrying such notes at its stake in Reliance Life Insurance from 26
Rs per person? percent to 49 percent. Nippon Life Insur-
A. 10000 ance based in
B. 15000 A. Germany
C. 25000 B. Japan
NARAYAN CHANGDER
D. 20000 C. Canada
4010. Biometric ATM cards are generally is- D. USA

sued for which of the following?
4015. Karnataka Bank Ltd has ventured into
A. Illiterates social media by opening its official pages in
B. Sick & old persons social networking sites such as FaceBook,
Twitter, Instagram, and YouTube. Where
C. Inoperative accountholders
is the Head office of Karnataka Bank?
D. Both A & B
A. New Delhi
4011. FDI is an investment made by a company
B. Thiruvananthapuram
or individual in one country in business in-
terests in another country. FDI stands for C. Hyderabad
A. Foreign Direct Industries D. Mangaluru
B. Fully Direct Investment 4016. is a state-owned investment fund
C. Foreign Department Investment that invests in real and financial assets
D. Foreign Direct Investment such as stocks, bonds, real estate, pre-
cious metals, or in alternative investments
4012. Which Bank has offered Digital savings such as private equity fund or hedge funds.
account, Basic savings account and Regular
A. Development bonds
savings account?
A. BOB B. Insurance policies
B. IPPB C. Mutual funds

C. SBI D. Sovereign wealth funds
D. PNB 4017. APB is a repository of Aadhaar num-
4013. Name the International body that has ber of residents and their primary bank ac-
announced that global debt has reached count number used for receiving all social
an all-time high of 184 trillion US dollars security and entitlement payments from
with the United States, China and Japan various government agencies. What is the
accounting for more than half of it. meaning of “B” in APB?
A. IMF A. Base
B. World Bank B. Bridge
C. Asian Development Bank C. Bond
D. WHO D. Banking

439
4018. First bank in India to launch its interac- B. 14.60%

tive banking service through Dish TV:
C. 16.70%
A. HSBC

D. 18.90%
B. ICICI Bank
C. HDFC Bank 4023. Crossing on a cheque can be cancelled
D. Axis Bank by the of the cheque, under his full sig-
nature.
4019. Expand the term SWIFT. [Allahabad
A. payee
Bank 2011]
A. Society for Worldwide International Fi- B. drawee
nancial Telecommunications C. endorser
B. Society for Worldwide Interbank Fi- D. drawer
nancial Telecommunication
C. Society for Worldwide International Fi- 4024. In regards to insurance, “A policy pro-
nancial Transfers vision that allows a policy to be restored
D. Society for Worldwide Interbank Fis- from a lapsed status and resume active
cal coverage” is termed as?
A. Reaffirmation
4020. At present, the RBI issue notes in the
denominations of Rs. B. Reinsurance
A. 1, 2, 5, 10, 20, 50, 100 and 500 C. Reinstatement
B. 1, 2, 5, 10, 20, 50, 500 and 1000 D. Revocation
C. 2, 5, 10, 20, 50, 100, 500 and 1000
D. 2, 5, 10, 20, 50, 100, 1000 and 10000 4025. As we all know Securities & Exchange
Board of India (SEBI) has taken some cor-
4021. The FIEO represents the Indian en- rective steps to restrict functioning of Par-
trepreneurs spirit of enterprise in the ticipatory Notes (P-Notes) in Indian Stock
global market. FIEO stands for Markets. Why are P-Notes considered
dangerous for the financial markets of a
A. Funding of Indian Export Organisa-
country?
tions
B. Financial of Indian Export Organisa- 1. This allows a foreign investor to
tions invest funds without knowing the
history/financial health of a com-
C. Federation of Indian Economy Organi- pany. If the company fails fforeign
sations investors lose their money. Govt of
D. Federation of Indian Export Organisa- India does not want this as this will
tions bring a bad name to the country.
2. P-Notes allow foreign investors to
4022. According to the Joint Plant Commit- buy shares of blue chip companies
tee report, India’s total export of finished without following Konw Your Cus-
steel increased by how much percent in tomer (KYC) norms. Hence money
2017-18? invested here may not be from a
A. 12.50% valid and legal source.

440
3. P-Notes are launched to arrange 4029. The tenure of the loan issued by NBFC-
funds only for social schemes. Due MFI to the borrower should not be less
to huge funds available with NRIs than 24 months for loan amount in excess
for investment they are sending it of how much amount?
in bulk. Hence the cost of such in- A. Rs. 30, 000
vestments is very high and it is not
commercially viable for banks to ac- B. Rs. 20, 000
cept such investments. C. Rs. 15, 000
NARAYAN CHANGDER
A. Only 1 is correct D. Rs. 25, 000
B. Only 2 is correct 4030. What is the minimum paid-up equity
C. Only 3 is correct capital for small finance banks?
D. Both 1 & 2 are correct A. Rs 10 crore
B. Rs 500 crore
4026. Which among the following public sector
C. Rs 100 crore
banks has bagged the best performance
awards for SHG-bank linkage program D. Rs 200 crore
for Karnataka for 2015-16 and 2016-17
from National Bank for Agriculture and Ru- 4031. Which one of the following countries is
ral Development (NABARD)? the first borrower of fund from the Inter-
national Monetary Fund?
A. Bank of Baroda
A. United States
B. France
C. Corporation Bank
C. Spain
D. Indian Overseas Bank D. India
4027. How much amount has been allocated 4032. Which of the following is/are the major
for the National Livelihood Mission in concepts visible in today’s banking indus-
Union Budget 2018-19? try in India?
A. Rs 11, 300 crore 1. Risk Based management
B. Rs 5, 750 crore 2. Growing competition
3. IT initiatives
C. Rs 3, 000 crore
A. Only 1
D. Rs 10, 000 crore
B. Only 2
4028. The Reserve Bank of India placed the C. Only 3
greatest reliance on which of the following D. All the above
measures of credit control for maintaining
price stability during the last ten years? 4033. Which of the following cannot be called
A. The Bank Rate as a debt instrument as referred in finan-
cial transactions? [Indian Overseas Bank
B. Open Market Operations 2009]
C. Cash reserve requirements A. Certificate of deposits
D. Statutory liquidity requirements B. Bonds

441
C. Stocks A. Bank marketing deal with providing

D. Loans services to satisfy customer’s financial
needs and wants.

4034. What does the microfinance model NOT B. Bank marketing has to dis-
predict? cover/ascertain/anticipate the financial
A. a decrease in interest rates when re- needs of the corporates.
payment is regular and in time C. Bank marketing may be required to
B. homogenous risk groups satisfy the corporates and institutions,
other related needs and wants.
C. self-selection of the best borrowers
D. Bank marketing means competitive el-
D. none of the above ement, efficiency and effectiveness in the
process.
4035. The difference between visible exports
and visible imports is defined as 4039. National Housing Bank (NHB), is an
apex financial institution for housing, hav-
A. Balance of trade
ing headquarters in-?
B. Balance of payments A. Mumbai
C. Balanced terms of trade B. New Delhi
D. Gains from trade C. Bengaluru
4036. The Hang Seng Index is a freefloat- D. Hyderabad

adjusted market capitalization-weighted 4040. The rate of interest charged by the cen-
stock market index in tral bank for short term on the cash bor-
A. Japan rowed by commercial banks is called-?
B. Thailand A. Repo Rate
C. China
C. Bank Rate
D. Hong Kong
D. Cash Reserve Ratio
4037. Treasury Bills means
4041. Atul Kumar Goel is appointed as MD and
A. salary bills drawn by Government offi- CEO of
cials on the treasury
A. Allahabad Bank
B. bills drawee by the Government con- B. United Bank of India
tractors and other suppliers on the trea-
sury for the dues owed to them by the Gov- C. Punjab & Sind Bank
ernment D. UCO Bank
C. obligation of the Government of India 4042. Which country has become the first
issued by the Reserve Bank of India and country to roll out its own digital cash re-
payable normally 91 days after issue cently?
D. a mode of drawings by the Treasury Of- A. Peru
fice on the Reserve Bank of India B. Estonia
4038. Which one is true in respect of bank mar- C. Japan
keting? D. Eduador

442
4043. What is the tagline of Dena Bank? 4048. Which is incorrect with regard to pow-
A. Pure banking Nothing else ers of RBI
B. Where Service is a Way of Life A. Holds cash reserve banks
C. Your Tech Friendly Bank B. Controls banking system through li-

censing
D. Trusted Family Bank
C. Supervises Banking system through in-
4044. The Executive Council of Insurers, pre- spection
NARAYAN CHANGDER
viously known as Governing Body of In-
D. None of these
surance Council (GBIC) has been estab-
lished under the Insurance Ombudsman 4049. Liberalised Remittance Scheme is not ap-
Rules to set-up and facilitate the Insti- plicable to which of the following?
tution of Insurance Ombudsman in India.
A. corporates
A. 2015
B. partnership firms
B. 2016
C. HUF
C. 2014
D. All of the above
D. 2017
4050. The amount invested in Kisan Vikas Pa-
4045. Which of the following do not fall within tra(KVP) would get doubled in months.
the functions of the Reserve Bank of In-
dia? A. 100
A. Regulation of currency B. 105
B. Control of credit C. 110
C. Banker to the government, banker’s D. 113
bank and lender of the last resort.
4051. Airtel Payments Bank has received req-
D. Accepting deposits and making loans uisite approvals from the Reserve Bank of
and advances to public India (RBI) to begin taking new customers.
Who is the Managing Director and Chief Ex-
4046. recently displaces Accenture as the
ecutive Officer of Airtel Payments Bank?
largest IT firm servicing banks in the
world. A. Renu Satti
A. Infosys B. Vijay Shekhar Sharma
B. TCS C. Sunil Bharti Mittal
C. Microsoft D. Anubrata Biswas
D. Wipro 4052. Though the Centre may manage to
4047. Which of the following is the placement achieve the debt-to-GDP ratio target
of funds in an account with a bank? of per cent by FY 2023, the states
achieving the 20 per cent target looks dif-
A. Bank deposit ficult as most of them have not budgeted
B. Foreign currency so far, warned a report.
C. Loan A. 25 per cent
D. All of the above B. 60 per cent

443
C. 30 per cent C. Cash balance in till

D. 40 per cent D. Cash balance with RBI

4053. Which organisation has inked an agree- 4058. What are ‘Open Market Operations”?
ment to invest USD 50 million in solar en-
ergy project developer Avaada Energy Pvt A. Activities of SEBI-registered brokers
Ltd to help the company scale up rapidly? B. Selling of currency by the RBI
A. International Bank for Reconstruction
C. Selling of gilt-edged securities by the
and Development
government
D. Sale of share by FIIs
D. Association of Southeast Asian Na- 4059. What is NOT a source of difficulty in the
tions estimation of the impact of microfinance
projects?
4054. Who was the first Governor of Reserve
Bank of India? A. We do not observe what would have
happened in absence of the microfinance
A. Sir James Taylor project
B. Sir Vincent Eyre
B. Participants systematically differ from
C. Sir Osborne Smith non participants in their propensity to ben-
D. Reginald Macdonald efit frommicro-loans
4055. With effect from March 31, 2005, an C. Microfinance programs are not lo-
asset would be classified as if it has re- cated randomly, they are often located in
mained in the sub-standard category for a disfavoredareas
period of 12 months. D. Microfinance programs are often tar-
A. Sub-standard Assets geted to women
B. Profit Assets 4060. What do we call the official interest rate
C. Doubtful Assets at which RBI provides loans to the banking
D. Loss Assets system?
A. Reverse repo rate
4056. Under OLTAS, only a Single Copy Challan
is used with a tear off the portion for the B. Bank rate
Tax Payer. What does OLTAS stand for C. SLR
A. On-line Tax Accounting Service
D. CRR
B. On-line Tax Amounting System
C. On-line Timing Accounting System 4061. Which of the following is also known as
Bank owned ATM?
D. On-line Tax Accounting System
A. White label ATM
4057. A non-performing asset is .
B. Brown label ATM
A. Money at call and short notice.
C. Green label ATM
B. An asset that ceases to generate in-
come D. On site ATM

444
4062. The World Economic Outlook (WEO) is a 2. Yields on advances of almost all
survey conducted and published by listed banks have come down.
A. WTO 3. Advances grew at a slower pace
when compared to deposits.
B. World Bank
A. Only 1 is true
C. UNCTAD
B. Only 2 is true
D. International Monetary Fund
C. Only 3 is true
NARAYAN CHANGDER
4063. Where is the headquarter of Karur D. All the above are true
Vysya Bank?
4067. State-owned power giant NTPC has an-
A. Bengaluru, Karnataka
nounced that it has signed a term loan
B. Thrissur, Kerala agreement for Rs 5, 000 crore with
C. Karur, Tamil Nadu A. Bank of Baroda
D. Jaipur, Rajasthan B. State Bank of India
4064. If a complaint is not settled by an agree- C. Punjab National Bank
ment within a period of month, the D. Exim Bank
Banking Ombudsman proceeds further to
pass an Award. 4068. Which company has launched a prepaid
mobile wallet “MobiCash” in association
A. 2
with the State bank of India?
B. 1
A. TCS
C. 4
B. BSNL
D. 12
C. MTNL
4065. For first five years how much paid-up D. OIC
equity capital needs to be maintained by
promoters in payments bank? 4069. When was Indian Banking Act come into
force?
A. 20%
A. 1948
B. 30%
B. 1949
C. 40%
C. 1950
D. 60%
D. 1951
4066. As we all know, banks publish their
quarterly performance to bring trans- 4070. Assume that Reserve Bank of India re-
parency in the system and also to give a duces the Bank Rate by 1%, what will be
clear picture of their performance to the its impact?
public. How were results of Quarter 2 A. Less liquidity in the market
different from the results of Quarter 1 of
the listed banks including giants like SBI & B. More liquidity in the market
ICICI banks? [Allahabad Bank 2010] C. No change in the liquidity in the market
1. Performance was subdued in Quar- D. Mobilization of more deposits by
ter 2. commercial-banks

445
4071. The majority of Central Government en- 2. Planning has an indicative role
terprises belong to the 3. Planning has a role to play in provid-
ing safety net for the poor

A. Public corporations
B. Public limited companies A. Only 1
C. Private limited companies B. 2 and 3
D. Departmental organisations C. Only 2

D. All the above
4072. Which one of the following constitutes
the largest percentage of Retail loans in 4077. The premium is per annum which is
India? to be auto-debited in one installment from
the subscriber’s bank account as per the
A. Consumer loans
option given by him on or before 31st May
B. Personal loans of each annual coverage period under the
C. Auto loans PMJJBY scheme.
D. Home loans A. Rs. 365 per annum
B. Rs. 110 per annum
4073. Which of the following is not a method
of credit control? C. Rs. 12 per annum
A. Cash reserve ratio D. Rs. 330 per annum
B. Open market operations 4078. What is meant by ‘Underwriting’ the
C. Credit deposit ratio term frequently used in financial sector?
D. Bank rate policy A. Under valuation of the assets
B. The Act of taking on a risk
4074. Coins are minted at?
C. Giving a Guarantee that a loan will not
A. Mumbai become a bad loan
B. Hyderabad D. All of the above
C. Noida
4079. Authorised capital of National Pay-
D. All of these ments Corporation of India (NPCI)
is and paid up capital is
4075. The Reserve Bank of India (RBI) has re-
cently announced that it would buy of A. Rs 300 crore and Rs 100 crore
government bonds via open market oper- B. Rs 350 crore and Rs 50 crore
ation (OMO), after failing to sell all the
C. Rs 200 crore and Rs 100 crore
debt it had offered to bidders.
D. Rs 100 crore and Rs 50 crore
A. Rs5,000 crore
B. Rs10, 000 crore 4080. What is Call Money? [BOB 2008]
C. Rs12, 000 crore A. Money borrowed or lent for a day or
overnight
D. Rs15, 000 crore
B. Money borrowed for more than one
4076. In the context of liberalization and day but up to 3 days
globalization C. Money borrowed for more than one
1. Planning has no role to play day but up to 7 days

446
D. Money borrowed for more than one 4085. The most important source of financ-
day but up to 14 days ing the State Government’s Gross Fiscal
Deficit (GFD) in India has been
4081. Any act of interference by a Central
A. Loans from financial institutions
Bank like the RBI in influencing the ex-
change rate is referred to as which of the B. Loans from provident funds and re-
following in India? serve funds
A. Dirty Floats C. Loans from central government
NARAYAN CHANGDER
B. Managed Floats D. Market borrowings
C. Fixed Floats 4086. Banks are not likely to give loans
D. Market Stabilization Floats against which of the following?
A. Fixed deposits
4082. Full form of ERNET is
B. Shares of blue chip companies
A. England’s Remote Network
C. Gold and silver jewellery
B. Engineering and Research Network
D. None of the given options is true
C. Educational and Research Network
D. External and Regular Network 4087. “Claused Bill of Landing” is one which
indicates:
4083. Union Minister Nitin Gadkari has an-
A. Remaining constant in project cost
nounced that India has allowed an Iranian
bank, Pasargad Bank, to open a branch in B. Decrease in Project Cost
A. Hyderabad C. Escalation in Project Cost
B. New Delhi D. None of the above
C. Mumbai 4088. A is a person who has an insurance
D. Chennai policy with an insurance company.
A. ADO
4084. As reported in some major financial
newspapers, many times it is said that B. Policyholder
“Other Income” boosts the profit of a bank C. Assistant Administrative Officer
to a substantial level. What is this other
income for a bank? D. Insurance Agent
1. Commission for selling insurance 4089. The CII signed an MoU with the UN En-
policies vironment for coherent implementation of
2. Fee for providing various services the environmental dimension of sustain-
(like ATM/Extra cheque etc) able development. What does C stands for
3. Interest on advances and loans in CII?
A. Only 1 A. Competition
B. Only 2 B. Confederation
C. Both 1 & 2 C. Council
D. Only 3 D. Commission

447
4090. What is the normal time period range 4096. The UTI was established in
for factoring in India? A. 1956

A. 70-80 days B. 1964
B. 80-90 days C. 1972
C. 90-120 days D. 1976
D. 90-150 days
4097. The bank which refinances the loans
4091. Which of the following does not qualify given to the poor and weaker sections to
as priority sector lending? construct or buy houses is
A. Agricultural lending A. SIDBI
B. Education loans B. IDBI
C. Auto loans C. NHB
D. Loans to small scale sector D. IIBI
4092. Call money is related to 4098. The lowering of Bank Rate by the Re-
serve Bank of India leads to
A. Share Market
A. More liquidity in the market
B. Government Securities
B. Less liquidity in the market
C. Post Office Deposit
C. No change in the liquidity in the market
D. Banks Deposit
D. Mobilization of more deposits by com-
4093. Who amongst the following is NOT a fa- mercial banks
mous economist?
4099. CASA ratio is the ratio of deposits in
A. Amartya Sen which accounts of a bank to its total de-
B. Octavio Paz posits?
C. Muhammad Yunus A. Current account
D. Peter A Diamond B. Saving account
C. Recurring accounts
4094. Nationalisation of banks took place in
India in how many phases? D. Both A & B
A. 2 4100. Which bank has launched India’s first
B. 1 golf-centric credit card?
C. 3 A. SBI
D. 4 B. UBI
C. PNB
4095. Which among the following are long
D. RBL
term corporate bonds that are unsecured
in nature? 4101. CBS stands for
A. DCF A. Core Banking solution
B. Debentures B. Centralized based system
C. Covenant C. Computer based system
D. CRAs D. None of these

448
4102. Open market operations, one of the 4106. Financial inclusion means provision of
measures taken by RBI in order to control [IBPS 2011]
credit expansion in the economy, means A. financial services, namely, payments,
A. Sale or purchase of Govt. securities remittances, savings, loans and insurence
at affordable cost to persons not yet given
B. Issuance of different types of bonds
the same.
C. Auction of gold
B. ration at affordable cost to persons
D. To make available direct finance to bor- not yet given the same.
NARAYAN CHANGDER
rowers C. house at affordable cost to persons
not yet given the same.
4103. MTSS is a way of transferring personal
remittances from abroad to beneficiaries D. food at affordable cost to persons not
in India. What does MTSS stand for-? yet given the same.
A. Mobile Transfer Service Scheme 4107. The Reserve Bank of India (RBI) will
B. Money Transfer System Scheme capture the payment habits of individuals
in six cities Mumbai, Delhi, Kolkata, Chen-
C. Money Timing Service Scheme nai, Bengaluru and Guwahati. For the pur-
D. Money Transfer Service Scheme pose, the central bank has launched a sur-
vey. What is the name this survey?
4104. The National Federation of Urban Co- A. Survey on Retail Permitted Habitat of
operative Banks and Credit Societies Ltd. Individuals
(NAFCUB) is an Apex Level Promotional
body of Urban Cooperative Banks and B. Survey on Retail Protective Habitat of
Credit Societies Ltd. in the Country. The Individuals
Federation was registered under the Multi- C. Survey on Retail Perplexity Habits of
State Cooperative Societies Act as a Multi Individuals
State Cooperative Society on D. Survey on Retail Payment Habits of In-
A. 17th February 1998 dividuals
B. 17th February 1990 4108. In which schedule are the scheduled
C. 11th February 1982 banks of India listed in the RBI Act, 1934?
D. 17th February 1977 A. 1st

B. 2nd
4105. The Reserve Bank of India announced
C. 3rd
setting up the ombudsman for addressing
customer grievances in the non-banking fi- D. 4th
nance companies. The Banking Ombuds- 4109. NITI Aayog released five thematic re-
man Scheme is introduced under Section 35 ports on Sustainable Development in In-
A of the Banking Regulation Act, 1949 by dian Himalayan Region. Who is the
RBI with effect from present CEO of NITI Aayog?
A. 1991 A. Dr V K Saraswat
B. 1993 B. Amitabh Kant
C. 1995 C. Rajiv Kumar
D. 1997 D. Narendra Modi

449
4110. Contractual savings institutions A. Only 2

include B. Only 3

A. Commercial banks & thrifts C. 1 & 3
B. Finance companies and mutual funds D. All are true
C. Life insurance companies and pension
4114. is vested with the responsibility of
funds
conducting monetary policy.
D. All of above
A. RBI
4111. Which sectors of Indian Economy con- B. SBI
tributes largest to the gross national prod-
C. NABARD
uct?
D. SIDBI
A. Primary sector
B. Secondary sector 4115. Which of the following Public Sector
Bank’s emblem figures a dog and the
C. Tertiary sector words ‘faithful friendly’ in it?
D. Public sector A. Punjab National Bank
4112. India has extended a grant assistance of B. Syndicate Bank
up to USD million to Nepal for the recon- C. Oriental Bank of India
struction of infrastructures in the areas of
housing, education, health and cultural her- D. State Bank of India
itage that was destroyed during the dev- 4116. Who has been given the power under
astating April 2015 earthquake which saw the Banking Regulation Act 1949 to grant
the death of over 9, 000 people. license to banks?
A. USD 2000 million A. RBI
B. USD 1500 million B. State Government
C. USD 500 million C. Central Government
D. USD 250 million D. All of the above
4113. Consider the following statements and 4117. FPIs stands for
state which of them are true?
A. Foreign Product Investors
1. The planning commission’s 40 mem- B. Foreign Portfolio International
bers steering committee on Health
will advise panel on the twelfth five C. Foreign Portfolio Investors
year plan. D. Financial Portfolio Investors
2. The 40 member committee on Health
is chaired by Syeda Hameed. 4118. In investing its Foreign Assets, RBI is
3. The steering committee will review guided by three principles .Which of the
the National Health Policy, as well following are those principles?
as explore the possibility of adopt- A. Safety
ing the Right to Health as an ap- B. Liquidity
proach with focus on women, chil-
dren & preventive & curative health- C. Return
care. D. All of the above

450
4119. Bank of China is one of the 5 biggest 4123. Name the Bank, which has signed a$
state-owned commercial banks in China. 930-million deal with China’s energy con-
Where is headquarters of Bank of China? glomerate Golden Concord (GCL) to pro-
duce and sell solar equipment in India.
A. Hangzhou
B. Shenzhen
B. Bank of Japan
C. Beijing
C. Federal Reserve
D. Shanghai
NARAYAN CHANGDER
D. SoftBank
4120. The exercises regulatory powers in
4124. Bank of Baroda has become
respect of commercial banks, Local Area
the largest bank in the country.
Banks (LABs) and Regional Rural Banks
(RRBs) as per the provisions contained in A. sixth
the Banking Regulation Act, 1949, the Re- B. fourth
serve Bank of India Act, 1934, the Re-
C. first
gional Rural Banks Act, 1975 and other
related statutes. D. third
A. Department of Communication 4125. To work as an underwriter in India, a
B. Department of Co-operative Bank Su- certificate of registration must be obtained
pervision from which of the following institutions?
C. Department of Government and Bank A. SBI

Accounts B. RBI
D. Department of Banking Regulation C. SEBI
D. CIBIL
4121. The Reserve Bank of India has
granted “in-principle” approval to the 4126. When a banker talks about CDR, what
following applicants to set up payments is he talking about?
banks under the Guidelines for Licensing
A. Corporate Debt Restructuring
of Payments Banks issued on November
27, 2014. B. Corporate Debt Rollover
A. 27 C. Company Debt Rollover
B. 22 D. Corporate Deposit Restructuring
C. 19 4127. An unsecured loan extended by one cor-

porate to another is called
D. 11
A. commercial papers
4122. Cheque which is truncated during the B. treasury bill
course of clearing cycle is called
C. inter-corporate deposits
A. Stale Cheque
D. certificates of deposits
B. Mutilated Cheque
4128. When does the Central Bank increases
C. Self Cheque
the minimum statutory cash reserve ratio
D. Truncated Cheque of the Commercial Banks?

451
1. When the economy is in deflationary 4132. The main objective(s) of National Hous-
condition ing Bank is/are
2. When the economy is experiencing

A. to promote and develop specialised
inflation
housing finance institutions for mobilisa-
3. When the Central Bank aims credit
tion of resources and extending finance
contraction.
for housing activities
A. 1 and 3
B. to extend refinance facilities to hous-
B. 2 and 3 ing finance institutions and to scheduled
banks
C. Only 2
C. to provide guarantee and underwriting
D. All the above
facilities of housing finance institutions
4129. The functions of DBOD is broadly relate D. All of the above
to prescription of regulations for compli-
ance with various provisions of Banking 4133. a/an electronic trading platform, op-
Regulation Act on establishment of banks erated by the Reserve Bank of India, used
such as to facilitate the exchange of government
securities and other money market instru-
A. Investments and loans
ments.
B. Maintenance of statutory liquidity
A. Delivery versus Payment (DvP)
C. Issue of guidelines on Prudential
B. Negotiated Dealing System (NDS)
Norms relating to Capital Adequacy
C. Risk Mitigation
D. All of the given options is true
D. Competition Commission of India (CCI)
4130. With regard to the Export Policy of the
Government of India, which of the follow- 4134. Name the insurance company that has
ing statements is correct? entered into a bancassurance deal with Vi-
jaya Bank recently?
A. All commodities can be exported with-
out licence A. Aegon Life Insurance Company
B. Export licenses are required for only a B. IDBI Federal Life Insurance
few items
C. Aviva India
C. Export licenses are required for all
D. Bajaj Allianz General Insurance
items
D. All of the above 4135. RBI has recently decided to do away
with the per borrower loan limits to Mi-
4131. In which among the following year cro/Small and Medium Enterprises (Ser-
United India Insurance Company Limited vices) for classification under PSL. PSL
was incorporated? stands for
A. 1919 A. Private Sector Lending
B. 1972 B. Priority Sector Lending
C. 1956 C. Priority Service Lending
D. 1938 D. Priority Securities Lending

452
4136. United Bank of India is an Indian 4141. The Ministerial Conference of World
government-owned financial services com- Trade Organisation (WTO) in was held in
pany headquartered in Kolkata. What is A. Japan
the tagline of United Bank of India?
B. Mexico
A. Your Own Bank
C. Canada
B. The nation banks on us
D. Indonesia
C. With you all the way
NARAYAN CHANGDER
D. The Bank that begins with ‘U’ 4142. Which of the following portals has been
launched by SEBI to enable investors to
4137. Which among the following is not a post their complains and for its follow up?
shareholder of CERSAI? A. SCORES
A. Central Government B. Happy Times
B. National Housing Bank C. MORE
C. Select public sector Banks D. Aadhar
D. RBI
4143. Which of the following is not a nego-
4138. IPO issue management is also known as tiable instrument? [Indian Overseas Bank
which of the following? 2011]
A. Moving public A. Cheque
B. Action public B. Pay order
C. Going public C. Bill of Exchange
D. None of the above D. All are negotiable instruments
4139. IFSC Code consists of -alpha-numeric 4144. The first Board of Governors meeting
characters that uniquely identifies a bank- of the BRICS New Development Bank was
branch participating in the RTGS and NEFT held in on July 7, 2015, where the Bank
system. formally came into existence as a legal en-
A. 13 tity.
B. 9 A. Brazil
C. 12 B. Russia
D. 11 C. South Africa
D. India
4140. APB System is developed by NPCI has
been helping the Government and Govern- 4145. Acceptance of demand deposits. Pay-
ment Agencies in making the Direct Benefit ments bank will initially be restricted to
Transfer scheme. what is the meaning of holding a maximum balance of per indi-
“B” in APB? vidual customer.
A. Bridge A. Rs 1 lakh
B. Base B. Rs 5 lakh
C. Banking C. Rs 50 lakh
D. Basic D. Rs 10, 000

453
4146. What is/are the main aim of financial C. 8.60%

inclusion? D. 8.2%

A. to maintain a certain quantity of liq-
uid assets with themselves at any point of 4151. The power of the commercial banks to
time of their total time and expand deposits through expanding their
loans and advances is known as
B. to control money supply in the econ-
omy A. Capital Expansion
C. to provide basic banking services to all B. Credit Expansion

section of society in urban areas or rural C. Credit control
areas at affordable cost D. Credit Creation
D. Both A and B
4152. Name the bank/banks, which has/have
4147. Which of the following schemes is not been allowed to exit the PCA framework
meant for investment purposes? fully recently?
A. National savings certificates A. Bank of India
B. Infrastructure bonds B. Bank of Maharashtra
C. Mutual funds C. Oriental Bank of Commerce
D. Letter of credit D. All of the above
4148. Mixed Economy means 4153. SLR is maintained by banks on which of

A. Co-existence of small and large indus- the following
tries A. Demand and Time Deposits
B. Promoting both agriculture and indus- B. Net Demand and Time Deposits
tries in the economy C. Demand and Time Liabilities
C. Co-existence of public and private sec- D. Net Demand and Time Liabilities
tors
D. Co-existence of the rich and the poor 4154. Markets regulator Securities and Ex-
change Board of India (SEBI) withdrew
4149. What do we call an unconditional or- the limit on investments by Foreign
der to pay a certain amount on an agreed Portfolio Investors in corporate bonds of
date? an entity.
A. Promissory note A. 45%
B. Bill of exchange B. 30%
C. Money order C. 20%
D. None of the above D. 35%
4150. According to Finance Minister Arun Jait- 4155. Inflation based on the WPI has acceler-
ley, Indian economy grew by in the first ated to an eight-month high of 3.93% in
quarter (April-June) of the current fiscal, November from 3.59% in October 2017.
the highest in over two years. WPI stands for
A. 7.20% A. Wholesale Product Index
B. 7.80% B. Wholesale Price India

454
C. Wholesale Price Index 4161. In the term of economics, the recession

D. Wheat Price Index occuring two times with a small gap in be-
tween is known as
4156. The monetary ceiling of the amount for A. Double Deflation
settlement through Lok Adalat is?
B. Deflation
A. 5 lakh C. Deep Recession
B. 10 lakh D. Double Dip Recession
NARAYAN CHANGDER
C. 15 lakh
4162. Banking ombudsman is appointed by
D. 20 lakh A. Union government
4157. As per RBI notification, Bank has B. RBI
been categorized as a private sector lender C. Respective state government
following the acquisition of majority stake D. Exim bank
by Life Insurance Corporation.
A. Corporation Bank 4163. Global consultant AT Kearney released
the Foreign Direct Investment (FDI) Confi-
B. IDBI Bank dence Index 2018, what is the ranking of
C. Vijaya Bank India in that Index?
D. United Bank of India A. 6th
B. 8th
4158. The Reserve Bank of India does not
C. 10th
print currency notes of the denomination
of Rs D. 11th
A. 20 4164. In which year, The Clearing Corporation
B. 50 of India Limited (CCIL) was set up?
A. December 1995
C. 3, 000
B. April 2001
D. 1, 000
C. October 1999
4159. The tag line ‘A friend you can bank on’ D. January 2003
is of which bank?
4165. In the term STRIPS, the first letter ‘S’
A. Vijaya Bank
denotes
B. Bank of Maharashtra A. Single
C. UCO Bank B. Small
D. Bank of Baroda C. Special
4160. Which of the following microfinance in- D. Separate
stitution is Universal Bank? 4166. In which of the following sector/sectors
A. SKS Microfinance Private Ltd FDI is not allowed in India, under the au-
tomatic route as well as the government
B. Disha Microfinance Private Ltd
route?
C. Arohan Financial Services Private Ltd 1. Gambling and Betting
D. Bandhan Financial Services Private Ltd 2. Atomic Energy

455
3. Retail Trading (Except single brand C. 180 days

product retailing)
D. 120 days

A. All the above
B. Only 1 4171. Which of the following is correct regard-
ing the Gross Domestic Saving in India?
C. Only 2
A. Contribution of household sector is the
D. Only 3 largest
4167. NABARD has extended total credit sup- B. Contribution of govt. sector is the
port of Rs 14, 690 crore to for 2017- largest
18.
C. Contribution of corporate sector is the
A. Rajasthan largest
B. Himachal Pradesh D. All of the above
C. West Bengal
4172. With reference to a cheque which of the
D. Maharashtra
following is the “drawee bank”? [IBPS
4168. FM Arun Jaitley stated the volume of 2012]
institutional credit for agriculture sector A. The bank that collects the cheque
from year-to-year increased from Rs.8.5
lakh crore in 2014-15 to Rs.10 lakh crore B. The payee’s bank
in 2017-18 and he proposed to raise this C. The endorsee’s bank
to crore for the year 2018-19.
D. The bank upon which the cheque is
A. Rs. 11 lakh crore drawn
B. Rs. 13 lakh crore
4173. NHB is wholly owned by
C. Rs. 15 lakh crore
A. GOI
D. Rs. 17 lakh crore
B. RBI
4169. As per the news published in various
newspapers, the RBI has given its permis- C. SEBI
sion for cash withdrawal at “POS termi- D. NABARD
nals”. What is the full form of “POS”?
A. Permitted on Sale 4174. As we all know, more and more coun-
tries/organisations are now going for non-
B. Potential of Service cash transactions and accordingly banks
C. Point of Sale have launched many new products in the
D. Permission of Sale market for the same. Which of the fol-
lowing products is a non-cash transaction
4170. If the shares or convertible debentures product?
are not issued within days from the A. Only ATM Card
date of receipt of the inward remittance
or date of debit to NRE/FCNR(B)/Escrow B. Only Credit Card
account, the amount shall be refunded. C. Only Prepaid Card
A. 210 days D. All are non-cash transaction products
B. 150 days PRACTICE EXERCISE

456
4175. As per Section 31 of the RBI, who can 4180. Adequacy of bank’s liquidity position de-
issue and accept promissory notes that are pends upon
payable on demand in India? A. Source of funds
A. RBI B. Anticipated future funding needs
B. Central Government C. Present and future earnings capacity
C. Both A and B D. All of above
D. None 4181. Sales above Break even point is
NARAYAN CHANGDER
called
4176. Who is the Chairman of ISRO at
A. Margin of Safety
present?
B. Gross Profit
A. Pradeep Kumar
C. Net profit
B. K. Radhakrishnan
D. B & C
C. A.S. Kiran Kumar
4182. Planned expenditure in India is made
D. Rakesh Sood from
4177. Which Indian Bank’s logo contains im- A. Internal debt and other resources
age of “Dog” B. Assistance from IMF
A. Vijaya Bank C. Assistance from ADB
B. Dena Bank D. A, B and C
C. Syndicate Bank 4183. Who is present and 24th governor of

RBI?
D. Indian Bank
A. Urjit Patel
4178. Which one of the following is not an B. Ajay Tyagi
electronic Banking delivery channel?
C. BP Kanungo
A. Mobile Phone Banking D. Raghuram Rajan
B. Internet Banking
4184. Which of the following assets are con-
C. Mobile Vans sidered as near money?
D. Tele Banking A. Bond
B. Equity Shares
4179. Name the Bank, which has come up
with an alternate and convenient method C. Time deposits
of cash withdrawal for its customers and D. All of above
that Bank is now providing facilities of
4185. A scheduled bank is the one which is in-
cash through ‘Cash@POS’ initiative?
cluded in the
A. HDFC Bank
A. II Schedule of Banking Regulation Act
B. Bank of Baroda B. II Schedule of Constitution
C. ICICI Bank C. II Schedule of RBI Act
D. State Bank of India D. All of the above

457
4186. Securities Appellate Tribunal is 4190. The Department of Currency Manage-

a/an established under the provisions ment has the responsibility of administer-
of Section 15K of the Securities and Ex- ing the functions of currency management,

change Board of India Act, 1992 a core function of the Reserve Bank in
terms of which act?
A. Constitutional body
B. Advisory body dia Act, 1992
C. non-statutory body B. Reserve Bank of India Act, 1934
D. Statutory body C. Banking Regulation Act, 1949
D. Negotiable Instruments Act, 1881
4187. Who has appointed as Managing Direc-
tor of State Bank of India? 4191. Which of the following was the rea-
son to establish Liberalised Remittance
A. Anshula Kant
Scheme?
B. Tajinder Mukherjee A. to permit citizens of India to transfer
C. Prashant Kumar funds abroad for permitted current or cap-
ital account transactions
D. Vibha Padalkar
B. to permit foreigners to transfer funds
4188. Which of the following does the most to abroad for permitted current or capital ac-
reduce default risk for futures contracts? count transactions
C. to permit NRI to transfer funds to In-
A. High liquidity
dia for permitted current or capital ac-
B. Flexible delivery arrangements count transactions
C. Marking to market D. None of the above
D. Credit checks for both buyers and sell- 4192. Which state has the highest number of
ers RRBs in India?
A. Uttar Pradesh
4189. The Reserve Bank of India (RBI) is
B. Bihar
to launch a financial literacy drive in 80
blocks in nine states on the pilot basis C. West Bengal
to educate people on e-transactions, for- D. Maharashtra
mal sector borrowings and insurance pur-
chases. What is the aim of this drive? 4193. What is the purpose of Ways and Means
Advances scheme?
A. To inculcate the habit of making a
A. to give insurance to the large cor-
household budget and recording financial
porates for their investment in abroad
transactions
projects
B. Encourage transactions in savings ac- B. to handle the mismatch between cash
counts flow of the receipts and payments of the
C. Active saving by depositing in banks State Governments
through fixed deposits and recurring de- C. to promote export oriented projects by
posits giving interest free credit
D. All of the above is the aim of this drive D. None of the above

458
4194. Bank Pasargad, also known as BPI, is a A. FICCI

major private bank offering retail, com- B. RBI
mercial and investment banking services.
C. NABARD
A. Chinese
D. SBI
B. Australian
C. Spainish 4199. Which of the following cannot be en-
dorsed?
D. Iranian
NARAYAN CHANGDER
A. Fixed deposit receipt
4195. What is not the Salient features of B. Bank draft
KVP?
C. Promissory note
A. Certificate can be purchased by an
adult for himself or on behalf of a minor D. Cheque
or by two adults.
4200. Which of the following is an investment
B. KVP can be purchased from any De- strategy in which a fund invests in other
partmental Post office. types of funds?
C. Facility of nomination is available. A. Bond
D. Certificate can be cash after 5 & 10 B. Securities
years from the date of issue.
C. Stock
4196. The World Bank released the Human D. Funds of Fund
Capital Index (HCI) as part of the World
Development Report 2019. What is In- 4201. Who among the following first launched
dia’s rank in the index? self Help Group (SHG) Bank Linkgage pro-
gramme?
A. 111
A. RRBs
B. 91
B. NABARD
C. 157
C. SBI
D. 115
D. RBI
4197. A merchant bank is a financial institu-
tion conducting money market activities 4202. Which programme was instituted to
and which of the following? help the farmers across timely and ade-
A. Lending quately credit?
B. Underwriting and financial advice A. Kisan Credit Card Yojna
C. Investment service B. MNREGA
D. All of the above C. RSBY

D. Aam Admi Bima Yojna
4198. Union Minister of Agriculture and Farm-
ers’ Welfare Radha Mohan Singh launched 4203. Which among the following bank
a portal ‘ENSURE’-National Livestock has launched the second edition of its
Mission-EDEG developed by and oper- Hackathon named ‘Digitize For Bank.’ This
ated under the Department of Animal Hus- hackathon will be held from 1st to 12th
bandry, Dairying & Fisheries. November 2017.

459
A. ICICI Bank 4209. In which city, India Banking Conclave

B. State Bank of India 2018 was held recently?

C. Punjab National Bank A. Mumbai
D. Central Bank of India B. Kolkata
C. New Delhi
4204. The Reserve Bank of India is India’s
central banking institution, which controls D. Chennai
the monetary policy of the Indian rupee. 4210. After the merger of Associates of SBI,
Where is the Headoffice of RBI nearly ATMs across the country.
A. Pune A. 63, 000 ATMs
B. Mumbai
B. 47, 000 ATMs
C. Chennai
C. 51, 000 ATMs
D. New Delhi
D. 59, 000 ATMs
4205. Who has been appointed as the Presi-
4211. is a one-stop payment platform for
dent of the World Bank recently?
all bills providing an interoperable and
A. Chrystia Freeland accessible “Anytime Anywhere” bill pay-
B. Robert Lighthizer ment service to all customers across India
C. David Malpass with certainty, reliability, and safety of
transactions.
D. Wilbur Ross
A. BBPS
4206. Money deposited with the bank be- B. NPCI
comes a debt due
C. AEPS
A. from the banker
D. NACH
B. from the customer
C. to the customer 4212. Which of the following is not the part
of prudential guidelines issued by Reserve
D. Either A and B
Bank of India?
4207. IMO of India Post is the instant on-line A. Provisioning
money transfer service that is convenient,
B. Loan recovery rules
reliable and affordable. IMO stands for-?
C. Asset classification
A. Indian Money Order
D. Income recognition
B. Initial Money Order
C. Invest Money Order 4213. Which Payments Bank has launched a
suite of digital products that can be ac-
D. Instant Money Order
cessed online and through mobile phones
4208. Govt shareholding in public sector banks with the focus to build the transaction plat-
cannot be below form?
A. 33% A. India Post Payment Bank
B. 51% B. Aditya Birla Idea Payment Bank
C. 74% C. Fino Payments Bank
D. 76% D. Airtel Payment Bank

460
4214. How many banks in India have joined 4219. Increase in Bank rate is generally fol-
the international telecommunication net- lowed by
work of SWIFT?
A. An increase in market rates of interest
A. 249
B. A fall in market rates of interest
B. 46
C. A rise only in the deposit rates but not
C. 28 the lending rates.
D. 19 D. A rise only in the base rates
NARAYAN CHANGDER
4215. ‘Gold Tranche’ refers to
4220. The authorized capital of the DICGC is
A. a credit system granted by IMF to its 50 crore, which is fully issued and sub-
members. scribed by
B. A loan system of the World Bank A. Government of India
C. A credit system granted by WTO to its B. SIDBI
members.
C. NABARD
D. One of the operations of a Central
Bank D. RBI
4216. What is the Statutory Liquidity Ratio 4221. The New India Assurance Company Lim-
(SLR) at present? ited (NIACL) was founded in
A. 14% A. 1935
B. 18% B. 1921
C. 20% C. 1919
D. 0.24 D. 1949
4217. What is India’s present Credit Ratings? 4222. Which of the following is not an objec-
A. Baa2 tive of fiscal policy of Government of In-
dia?
B. Baa3
C. AAA A. Price Stability
D. Baa1 B. Full Employment

C. Equal distribution of Income and
4218. The government of India and Wealth
the signed a$ 375 million loan agree-
ment to contribute to double farming in- D. Regulation of Inter State Trade
comes in Madhya Pradesh by expanding
irrigation networks and system efficiency. 4223. A cap of has been placed on individual
remittances under the MTSS?
A. World Bank
A. USD 2, 500
B. International Monetary Fund
B. USD 5, 000
C. Asian Development Bank
C. USD 3, 500
D. International Bank for Reconstruction
and Development D. USD 1, 000

461
4224. Yes Bank has launched “Yes Mobile 2.0” 4229. What is the meaning of “B” in PMJJBY?
its new mobile banking app with multi- A. Band
ple new features and extensive support

for banking transactions on Apple and B. Bill
Android-based SmartWatches. Yes Bank is C. Balance
a
D. Bima
A. Public sector Bank
B. Private sector Bank 4230. Expand the term FSDC, which is used in
financial sector.
C. Foreign sector Bank
A. Financial Security and Development
D. Nationalised Bank Council
4225. What is the commission charges of Rs B. Financial Stability and Development
10, 001 to Rs 30, 000 in IMO Booking Council
Procedure?
A. Rs 150 cil
B. Rs 120 D. Fiscal Stability and Development Coun-
C. Rs 130 cil
D. Rs 110 4231. Name the scheme, Under a loan of upto
4226. Where is the headoffice of Indian Over- Rs. 50, 000 is given under sub-scheme
seas Bank located? ‘Shishu’; between Rs. 50, 000 to 5.0
Lakhs under sub-scheme ‘Kishore’; and be-
A. Chennai
tween 5.0 Lakhs to 10.0 Lakhs under sub-
B. Madurai scheme ‘Tarun’.
C. Gurgaon A. Pradhan Mantri Vaya Vandana Yojana
D. Patna B. Pradhan Mantri Mudra Yojana
4227. What is meant by a Scheduled Bank? C. Pradhan Mantri Jan Dhan Yojana
A. A Bank functioning under provisions of D. Pradhan Mantri Suraksha Bima Yojana
Banking Regulation Act. 1949
4232. A debit card holder cannot perform
B. A Bank included in 2nd schedule of RBI
which of the following functions?
Act 1934
A. Make Point of Sale (POS) purchase
C. A Bank incorporated under Banking
Companies Act. 1956 B. Recharge pre-paid mobile phones
D. A Bank authorised to do Banking func- C. Pay Life insurance premium
tions D. None of the above
4228. Which entity regulates and supervises
4233. Which of the following defines “issue”
NBFCs?
in Risk and Issue management?
A. SEBI
A. Something that has happened or a cur-
B. RBI rent problems
C. Ministry of Finance B. Something that hasn’t happened yet
D. NABARD but has some probability of occurring

462
C. potential future problems 4239. Which of the following agen-

cies/organisations in India maintains the
Micro Finance Development and Equity
Fund which was in news recently?
4234. When was the seconds phase of nation-
alization done? A. Confederation of Industries in India
(CII)
A. 1969
B. Indian Bank’s Association (IBA)
B. 1968
C. Small Industries Development Bank of
NARAYAN CHANGDER
C. 1985 India (SIDBI)
D. 1980 D. National Bank for Agriculture and Ru-
4235. As per the guidelines issued by RBI, all
NBFC-MFIs should maintain an aggregate 4240. Which of the following organisa-
margin cap of not more than how much per- tions/agencies has asked all the banks
cent? in India to form customer service panels
at branch levels?
A. 8 per cent
A. Indian Banks’ Association
B. 9 per cent B. Reserve Bank of India (RBI)
C. 10 per cent C. Supreme Court of India
D. 12 per cent D. Securities & Exchange Board of India
(SEBI)
4236. CRAR stands for
4241. India on 2 January 2014 has signed a
A. Capital to Risk-Weighted Assets Ratio credit agreement of 160 million dollar with
B. Capital to Risk Assets Ratio World Bank for the modernization of
C. Credit Rating-Weighted Assets Ratio A. Uttar Pradesh Road Sector

B. Rajasthan Road Sector
D. Credit Rating Assets Ratio
C. Bihar Road Sector
4237. Lead bank scheme was initiated by D. West Bengal Road Sector
4242. The banker is under an obligation to
A. KP Group take utmost care in keeping secrecy of the
B. Gadgil Study Group details of the customer. However, the obli-
gation of secrecy is not considered essen-
C. Ghosh committee tial when
D. Bhagwati committee A. a banker is required to give evidence
in the court
4238. What is the full form of NRE account?
B. there is national emergency and disclo-
A. National Rural External account sure is essential in the public interest
B. National Resident External account C. there are clear proofs of reason to the
state and when consent is given by the
C. Non Resident External account
customer to provide information for the
D. None of the above preparation of balance sheet

463
D. All of the above D. Four
4243. Real Time Gross Settlement System 4248. “De-Mat” account is regulated by

means a payment system in which
A. RBI
A. both processing and final settlement
B. SBI
of funds transfer instructions can take
place continuously C. IRDA
B. final transaction takes place at the end D. SEBI
of the day
4249. Which of the following is consid-
C. final payment is physically effected
ered an informal method of getting
within 24 hours
credit/finance?
D. final settlement of funds take place at
A. Internet banking
3 PM daily
B. Branch visits
4244. “One Family One Bank” tagline is asso-
ciated with a PSB Bank. The Public Sector C. Going to moneylenders
Bank (PSB) in the Question is D. Telebanking
A. Canara Bank
4250. India’s CAD widened to a four-quarter-
B. Bank of Maharashtra high at 2.4% of gross domestic product
C. Bank of India (GDP) in April-June period. CAD stands for
D. Corporation Bank A. Current Account Decrease
B. Current Amount Deficit
4245. Which Bank has launched its RuPay Se-
lect and RuPay Platinum credit cards re- C. Current Account Deficit
cently? D. Common Account Deficit
A. Dena Bank
4251. Name of premier institution that is tak-
B. Corporation Bank
ing care of the financial needs of importers
C. Bank of Baroda and exporters of our country which was
D. State Bank of India established in the year 1981.
A. EXPO Bank
4246. Where is the Head Office of Dhanlaxmi
Bank? B. Export-Import Bank (EXIM)
A. Thrissur C. Merchant Bank
B. Kozhikode D. ECGC
C. Kochi
4252. Any note, which is wholly or partially,
D. Kottayam obliterated, shrunk, washed, altered or in-
decipherable is a/an
4247. MUDRA gives loan in how many cate-
gories? A. Mutilated note
A. Two B. Imperfect note
B. One C. Soiled note
C. Three D. Mismatched note

464
4253. NBFCs cannot outsource core manage- 4258. Land Development Banks form a part of
ment functions like internal audit, strate- the?
gic and compliance functions for know your A. Commercial Banks
customer (KYC) norms, sanction of loans
and management of investment portfolio. B. Industrial Development Bank of India
What is the meaning of “F” in NBFCs? C. Food Corporation of India
A. Financial D. Co-operative Credit Structure
B. Fundamental
NARAYAN CHANGDER
4259. are certificates issued by banks that
C. Fully have overreached their priority sector
D. Financial lending targets.
4254. How much amount will be Standard De- A. Commercial Papers

duction for salaried persons now? B. Certificate of Deposits
A. Rs.70, 000 C. Treasury Bills
B. Rs.90, 000 D. Priority Sector Lending Certificates
C. Rs.30, 000
4260. IFS is software developed by UPU to co-
D. Rs.50, 000 ordinate international remittance services
among the partner countries. At present
4255. The Postal Service Board is of the De-
the service is operational with La Poste
partment of Posts.
Group, France and UAE. IFS stands for
A. apex management body
A. International Financial Scheme
B. regulatory management body
B. Indian Financial System
C. financial management body
C. International Fund System
D. statutory authority
D. International Financial System
4256. Credit Guarantee Fund Trust for Micro
and Small Enterprises (CGTMSE) was set 4261. On July 15, 2014, at the sixth summit
up by Government of India and which of in Fortaleza, Brazil the member countries
the following bank? signed the Articles for the New Develop-
ment Bank (NDB). What is the authorised
A. RBI capital of NDB?
B. NABARD A. USD 200 billion
C. SIDBI B. USD 300 billion
D. MUDRA C. USD 500 billion
4257. Which private sector bank is recently D. USD 100 billion
merged with Kotak Mahindra Bank
(KMB)? 4262. What is the currency of Bhutan?
A. ING Vysya Bank A. Taka
B. Karur Vysya Bank B. Ngultrum
C. Lakshmi Vilas Bank C. Rupee
D. Jammu and Kashmir Bank D. Pesa

465
4263. Nationalised banks have been permitted 4268. Which institution has been recognized
to offer their equity shares to the public to by RBI recently to act as local operating
the extent of 49% of their capital as per unit for issuing globally compatible legal

amendments made in 1994, in entity identifiers (LEI) in India?
A. Banking Regulation Act, 1949 A. FICCI
B. Banking Companies (Acquisition B. India Inc
and Transfer of Undertakings) Acts C. Clearing Corporation of India Ltd.
1970/1980
D. Financial Stability Board
C. RBI Act, 1935
4269. Which Bank has approved raising Rs 8,
D. Nationalisation of Banks Act, 1980
000 crore through various sources, includ-
4264. How much amount has been allocated to ing masala bonds, to meet Basel III capital
for irrigation plan named Pradhan mantri norms recently?
krishi sichayin yojana, in the recent Union A. State Bank of India
Budget 2014-15?
B. ICICI Bank
A. Rs. 500 Crore
B. Rs. 100 Crore D. HDFC Bank
C. Rs. 200 Crore
4270. and the National Health Authority
D. Rs. 1000 cr (NHA) have formed a working group on
the Ayushman Bharat Pradhan Mantri Jan
4265. In which year IRDA was incorporated as
Arogya Yojana (AB-PMJAY).
a statutory body?
A. NABARD
A. 2000
B. RBI
B. 1999
C. SEBI
C. 2001
D. IRDAI
D. 1998
4271. Who is the committee head of the
4266. Which of the following key rate has not merger of the public sector banks?
been altered by RBI since 2003?
A. Raghuram Rajan
A. Bank rate
B. Bimal Jalan
B. Statutory liquidity ratio
C. Arun Jaitley
C. Cash reserve ratio
D. YV Reddy
D. None of the given options is true
4272. Which of the following means of lending
4267. Who among the following can issue com- is considered as a priority sector loan?
mercial papers in India?
A. Loan for purchase of gold for marriage
A. Corporates of daughter
B. Primary dealers B. Car loan
C. All India financial institutions C. Housing loan
D. All of above D. Loan for purchase of tractor

466
4273. The Reserve Bank of India governs the 4277. Nationalization of banks aimed at all of
foreign exchange reserves under the legal the following except
provisions of which of the following Acts? A. Provision of adequate credit for agri-
A. RBI Act 1934 culture, SME and exports
B. RBI Act 1935 B. Removal of control by a few capitalists
C. RBI Act 1949 C. Provision of credit to big industries
only
D. RBI Act 1951
NARAYAN CHANGDER
D. Access of banking to masses
4274. How many codes are there in SWIFT
code? 4278. Which one of the is PMJDY related to?
A. 8 A. Financial inclusion
B. 11 B. Bank
C. Literacy
C. 7
D. Female education
D. Both A and B
4279. Devaluation of currency results in
4275. According to the guidelines, the Reserve
Bank of India will consider proposals for A. Increased export and import
merger and amalgamation of urban coop- B. Trade deficit
erative banks when
C. Increased export and improvement in
A. the net worth of the acquired bank is balance of payment
positive and the acquirer bank assures to D. Increased import & foreign reserve de-
protect entire deposits of all the deposi- ficiency
tors of the acquired bank
B. the net worth of acquired bank is neg- 4280. Which of the following could be consid-
ative, but the acquirer bank on its own as- ered as an initiative towards promotion of
sures to protect deposits of all the depos- financial inclusion?
itors of the acquired bank A. Opening of no frills accounts
C. the net worth of the acquired bank is B. Appointing business correspondents
negative and the acquirer bank assures to for servicing rural customers
protect the deposits of all the depositors C. Opening of bank branches in unbanked
with financial support from the State Gov- districts
ernment extended up front as part of the
process of merger D. All of the above
D. All of the above 4281. Which of the following Bank has en-
tered into an MoU with Bharti AXA Life In-
4276. Under what circumstances, can the bank surance Company to distribute the latter’s
close a partnership account? life insurance products recently?
A. Death of partner A. Yes Bank
B. Retirement of a partner B. Kotak Mahindra Bank
C. Insolvency of a partner C. Karnataka Bank
D. All of the above D. South Indian Bank

467
4282. In the case of FCNR Accounts the pay- 4287. Which one of the following is not a
ment of Interest is effected in salient feature of debit card?

A. Indian Rupee A. No bad debts to banks and no suits for
recovery
B. Only in pound
B. No interest earning for banks
C. Same currency in which deposit
stands. C. Works like a normal withdrawal slip
D. Yen D. 45 days credit is given to the card

holder
4283. Which of the following is/are functions 4288. Which of the following is/are the bene-
and duties of IRDAI? fit/benefits of Aam Aadmi Bima Yojana?
A. Registering and regulating insurance A. If the person had a natural death, the
companies nominee or the family member of the poli-
B. Protecting policyholders’ interests cyholder would be conferred a sum of Rs.
30, 000/
C. Licensing and establishing norms for
insurance intermediaries B. If the person died due to accident or
has been permanently incapacitated in an
D. All of the above are functions and du- accident, Rs. 75, 000 will be given to the
ties of IRDAI nominee or the family member of the pol-
icyholder
4284. NBFC-Factor is related to which of the
following businesses? C. If the person met with permanent par-
tial disability in an accident which results
A. Insurance
in the loss of an eye or limb or any other
B. Deposit mishaps; Rs. 37, 500 will be given to the
nominee or the family member of the pol-
C. Non-deposit
icyholder
D. All of the above are benefits of Aam
4285. The Tagline “Where every individual is Aadmi Bima Yojana
committed” is associated with which of 4289. India Ratings and Research has pro-
the following Banks? jected the country’s economic growth
A. Punjab National Bank to improve to in 2018-19 from in
2017-18, buoyed by robust consumption
B. Oriental Bank of Commerce
demand and low commodity prices.
C. Indian Overseas Bank A. 7.1 percent and 6.5 percent
D. Syndicate Bank B. 7.2 percent and 6.4 percent
4286. Inflation in India is measured on which C. 7.3 percent and 6.3 percent
of the follow indexes/indicators? D. 6.8 percent and 6.9 percent
A. Cost of Living Index (COLI) 4290. The Aadhaar (Targeted Delivery of Fi-
B. Consumer Price Index (CPI) nancial and Other Subsidies, Benefits and
Services) Bill, 2016 was recently given le-
C. Gross Domestic Product (GDP)
gal backing by Supreme Court. This act
D. Wholesale Price Index (WPI) was passed in LokSabha as a :

468
A. Ordinary Bill 4295. The fiscal deficit has been brought down
to in 2018-19 RE.
B. Money Bill
A. 3.4%
C. Constitution Amendment Bill
B. 3.20%
D. Financial Bill
C. 3.00%
4291. The is usually comprised of organiza- D. 3.60%
tions that are owned and operated by the
4296. Which of the following is an organ-
NARAYAN CHANGDER
government and exist to provide services
ised markets that enable the existing eq-
for its citizens.
uity and debt of issuing companies to be
A. citizen sector traded?
B. limited sector A. Secondary markets
C. public sector B. Discount market
C. Gilt repo market
D. private sector
D. Primary capital markets
4292. For providing postal services, the whole
4297. Central Government has notified in the
country has been divided into postal cir-
Official Gazette CPI inflation as the tar-
cles.
get for the period from August 5, 2016 to
A. 21 March 31, 2021 with the upper tolerance
B. 25 limit of 6 per cent and the lower tolerance
limit of 2 per cent.
C. 23
A. 4 percent
D. 27 B. 3 percent
4293. Corporate loans are offered to appli- C. 5 percent
cants who have established their business D. 2 percent
for how many years in India?
4298. Regional Rural Banks (RRBs) are man-
A. 5 aged by
B. 6 A. Reserve Bank of India
C. 2 B. a Board of Directors
D. 7 C. the sponsor bank

D. the State Government
4294. to provide guaranteed clearing and
settlement functions for transactions in 4299. Online Food ordering and delivery plat-
Money, G-Secs, Foreign Exchange and form Swiggy has partnered with to roll
Derivative markets. out two digital solutions to facilitate the
transfer of funds for its delivery partners.
A. NPCI
A. ICICI Bank
B. SEBI B. State Bank of India
C. GOI C. HDFC Bank
D. CCIL D. Kotak Mahindra Bank

469
4300. Which of the following is incorrect 4305. Which bank has launched India’s first
about Non-banking Financial Companies digital branch in Gurugram, Haryana?
(NBFCs)?

A. ICICI
A. NBFC cannot accept demand deposits
B. Axis Bank
B. NBFC is not a part of the payment and
settlement system C. Induslnd Ban
C. NBFC can issue cheques drawn on it- D. South Indian Bank
self
D. NBFCS are fast emerging segment of 4306. Consider the following statements
Indian financial system 1. In Indian Commercial Banking Sys-
tem, the number of the Non-
4301. developed RuPay Contactless speci-
Scheduled Bank is more than the
fications are open standards, interopera-
Scheduled Banks.
ble and scalable and can be adopted by all
2. The Non-Scheduled Banks in India
card schemes.
Commercial Banking System are less
A. RBI than the Scheduled Banks.
B. NPCI 3. State Bank of India is a Non-
C. SBI Scheduled Banks.
D. NABARD Which of the statements given above

is/are correct?
4302. CRR is the amount of funds that the
banks have to keep with the RBI. What A. Only 1
is the full form of CRR? B. Only 2
A. Cash Rate Ratio C. Only 3
B. Cash Reserve Rate
D. All of the above
D. Common Reserve Ratio 4307. State Bank of India (SBI) is set for a ma-
jor restructuring of its business in from
4303. What is the maturity period of Treasury April 2018.
Bill?
A. France
A. 91 Days
B. 364 Days B. China
C. Both A and B C. UK
D. None of these D. Canada
4304. The rules for how to deal with leases 4308. J.S. Verma Committee Report relates
and hire purchase contracts is dealt with to:
in which accounting standard?
A. Strengthening of weak banks
A. FRS 16
B. FRS 19 B. Corporate Governance
C. SSAP 21 C. Bank Mechanization

D. SSAP 20 D. None of the above

470
4309. Which of the following is not a Bank- B. Rate of interest at which commercial
ing/Economy Term? banks discounted bills of their borrowers
A. Factoring C. Rate of interest allowed by commer-
B. Blue Chip cial banks on their deposits
D. Rate at which RBI purchases or redis-
C. Insider Trading
counts bills of exchange of commercial
D. Digital Signature banks
NARAYAN CHANGDER
4310. The largest Nationalized Commercial 4315. Which of the following is popular ‘sav-
Bank in India at present is ing bank’ among the poor children?
A. Reserve Bank of India A. Core banking
B. State Bank of India B. Credit banking
C. Central Bank of India C. Debit banking
D. Bank of India D. Piggy banking
4311. The Minister of State for Commerce & 4316. Which Bank has signed an agree-
Industry C. R. Chaudhary, attended the ment with the Government e-Marketplace
6th RCEP Inter-Sessional Ministerial Meet- (GeM) under which the bank will facilitate
ing (IMM) in Singapore. What does E a host of services to the public procure-
stands for in RCEP? ment portal for Central and state govern-
ment organizations?
A. Empowered
A. Federal Bank
B. Economic
B. South Indian Bank
C. Establishment
C. Nainital Bank
D. Environmental
D. HDFC Bank
4312. The short-term co-operative credit
structure operates with a tier system. 4317. Which of the following is/are the de-
positories in India handling dematerialized
A. three shares?
B. four 1. National payment corporation of In-
C. two dia
D. six 2. Central depository services limited
3. Bombay stock exchange (BSE)
4313. The Vedic word Kusidin refers to ? A. Only 1 & 2
A. A banker B. Only 1
B. An usurer C. Only 2
C. A farmer D. Only 3
D. A trader
4318. Bank rate as fixed by RBI, means
4314. The bank rate means [BOB 2008] A. rate of interest charged by banks from
A. Rate of interest charged by commer- borrowers
cial banks from borrowers B. rate of interest on bank deposits

471
C. rate of interest charged by RBI on its C. 1934

loans to banks
D. 1906

D. rate of interest on inter-bank loans
4324. The letter ‘R’ denotes which word in the
4319. US banking regulators ordered Habib
term IFRS?
Bank to shutter its New York office af-
ter nearly 40 years, for repeatedly fail- A. Restructuring
ing to heed concerns over possible terror-
B. Reporting
ist financing and money laundering. Habib
Bank based in C. Recognising
A. Pakistan D. Remote
B. Syria
4325. Dena Bank, in July 1969 along with 13
C. China
other major banks was nationalized and is
D. UAE now a Public Sector Bank constituted un-
der the Banking Companies (Acquisition &
4320. RRBs are owned by
Transfer of Undertakings) Act, 1970. The
A. Central Government Headoffice of Dena Bank is in
B. State Government A. Mumbai
C. Sponsor Bank
B. Chennai
D. All of the above
C. Gurugram
4321. ACH is a nationwide automated elec-
tronic system that monitors and adminis- D. Kolkata
ters the process of cheques and fund clear-
ance between banks. Expand ACH. 4326. World trade in goods is estimated to
grow at a higher in 2017 compared to
A. Automatic Check Clearing House 1.6 percent increase in 2016, according to
B. Automated Check House revised estimates circulated by the World
C. Automatic Clearing House Trade Organisation.
D. Automated Clearing House A. 2.4 percent
4322. Which of the following acts govern the B. 4.1 percent

RBI functions? C. 1.8 percent
A. RBI Act, 1934 D. 3.6 percent
C. Companies Act, 1956 4327. Which of the following deposit accounts
caters to professionals and businessmen
D. Foreign Exchange Regulation Act, 1973 alike?
4323. In which among the following year Na- A. Fixed Deposit Account
tional Insurance Company Limited (NICL)
was incorporated? B. Savings Bank Account
A. 1956 C. Recurring Account

B. 1949 D. Current Account

472
4328. The Rate at which the domestic currency 4333. Who has been appointed as new Finance
can be converted into foreign currency and Secretary?
vice-versa is known as the A. Hasmukh Adhia
A. Exchange rate B. Girish Chandra Chaturvedi
B. MIBOR C. Ajay Narayan Jha
C. Inter bank Call money rate D. Bhaskar Khulbe
D. Base rate
NARAYAN CHANGDER
4334. The CPI or retail inflation rose 3.36
percent in August 2017 from a year ear-
4329. Reverse Repo is a tool used by RBI to lier, government data showed. The cur-
[Indian Overseas Bank 2011] rent rate of inflation is the highest in five
A. Inject liquidity months. CPI stands for-?
B. Absorb liquidity A. Consumer Price Input
C. Increase the liquidity with banking sys- B. Consumer Price Index

tem C. Consumer Product Index
D. To keep the liquidity at one level D. Customer Price Index
4330. Which is the latest round of NELP un- 4335. The government has constituted a
veiled by the government for the auction? seven-member panel to select managing
directors of public sector insurance compa-
A. NELP-IX nies. The panel would be headed by Banks
B. NELP-X Board Bureau (BBB) chairman
C. NELP-XI A. BP Sharma
D. NEP-XIII B. KM Kamtah
C. Sunol Kanoongo
4331. National Saving Scheme (NSS-92) has D. KP Shukla
been closed by the government since
A. 1st November 1999 4336. Which of the following small finance
bank (SFB) has got RBI approval to oper-
B. 1st November, 2000 ate as a scheduled bank?
C. 1st November, 2001 A. Capital Lab SFB
D. 1st November, 2002 B. Equitas SFB
C. Bajaj SFB
4332. Beneficiaries under RSBY are entitled to
hospitalization coverage up to Rs. for D. ESAF SFB
most of the diseases that require hospital-
4337. Which of the following is also known as
ization.
Additional State Pension?
A. Rs. 30, 000/ A. Basic state pension
B. Rs. 20, 000/ B. State First Related Pension
C. Rs. 50, 000/ C. State Earnings-Related Pension
D. Rs. 90, 000/- D. None of the above

473
4338. The term relates to a type of insur- A. Bharat Interface for Market
ance that essentially covers your medical B. Bharat Indian for Money
expenses.

C. Bharat Interface for Management
A. Health Insurance
D. Bharat Interface for Money
B. Life Insurance
C. Travel Insurance 4343. Which of the following banks has ac-
quired the ‘Centurion Bank of Punjab’?
D. Group Insurance
A. ICICI Bank
4339. It was pointed out that the ROSL has B. IDBI Bank
increased exports of readymade garments
(man-made fibers) by about 16 per cent C. HDFC Bank
but not of others. What is the meaning of D. AXIS Bank
“L” in ROSL?
4344. PFRDA is responsible for the appoint-
A. Least ment of which of the following agency?
B. Level A. Pension Fund Managers
C. Levies B. Custodian
D. Labour C. NPS Trustee Bank
4340. What is the minimum limit of CRR that D. All of the above
can be set by the RBI?
4345. Which of the following is/are the rea-
A. No Limit sons owing to which about 105 million
B. 12% new people are added to the list of hungry
people and the total number of the same
C. 15%
has reached about 1 billion?
D. 20%
1. Unprecedented increase in food
4341. Consider the following statements: prices, particularly in poor nations
2. Cut in the supply of foodgrains
1. GDP is a better measure of National
to poor nations by many European
Income than GNP.
countries
2. GNP is always higher than GDP.
3. Sudden increase in population of the
Which of the statements given above countries like Uganda, Ethiopia, Su-
is/are correct? dan and Nabibia as many refugees
A. Only 1 have taken shelter there.
B. Only 2 A. Only 1
C. Both 1 and 2 B. Only 2
D. Neither 1 nor 2 C. Only 3

D. All the above
4342. Yes Bank, unveiled a superior payment
wallet service, BHIM Yes Pay by fully in- 4346. IRDAI has approved a proposal allowing
tegrating the application with all the In- Life Insurance Corporation (LIC) to acquire
diaStack APIs and NPCI Products. BHIM a majority stake in the IDBI Bank recently.
stands for Where is the Headoffice of LIC?

474
A. Pune B. IDBI Mutual Fund

B. Chennai C. ICICI Mutual Fund
C. New Delhi D. LIC Mutual Fund
D. Mumbai 4352. Which of the following banks is the first
to provide Mobile ATM?
4347. Headquarters of Reserve Bank of India
is in A. HSBC
B. ICICI BANK
NARAYAN CHANGDER
A. New Delhi
B. Mumbai C. SBI
D. Axis Bank
C. Kolkata
D. Chennai 4353. Prime Minister Narendra Modi’s govern-
ment last year set a target of raising an-
4348. The Export-Import Bank of India nual health spending to 2.5% of India’s
(Exim Bank) announced that it has GDP by , from 1.15% now-one of the
extended worth of line of credit (LOC) lowest proportions in the world.
to Seychelles. A. 2025
A. $ 10 million B. 2020
B. $ 30 million C. 2022
C. $ 20 million D. 2030
D. $ 50 million
4354. Which of the following is the Capital
4349. Private sector lender and India’s sec- Market regulator?
ond largest Microfinance company Bharat A. RBI
Financial Inclusion have signed a confiden- B. NSE
tiality agreement for the proposed merger
between them. C. SEBI
A. Federal Bank D. BSE
B. Kotak Mahindra Bank 4355. A customer does not require a bank ac-
count to obtain
C. HDFC Bank
A. a loan
D. IndusInd Bank
B. an overdraft
4350. In Insurance world, a cause of loss is C. a cheque
known as?
D. a banker’s draft
A. Peril
4356. The ability of a commercial Bank to in-
B. Tort
crease its loans and Investment depends
C. Risk on its
D. Negligence A. Holding of government securities
4351. Open Added Money Market Scheme B. Cash position
was firstly introduced by C. Excess Cash reserves
A. UTI Mutual Fund D. Outstanding loans and investments

475
4357. HDFC Bank surpassed Tata Consultancy 4360. When was Krishna Bhima Samruddhi Lo-
Services (TCS) to become the country’s sec- cal Area Bank Ltd established?
ond most valued firm in terms of market A. 2000

valuation on the BSE. Which company is
the country’s most valued firm with a mar- B. 2001
ket cap of Rs. 5, 33, 818.72 crore on the C. 2002
BSE? D. 2004
A. Infosys Limited
4361. Bank branches which can undertake for-
B. Oil and Natural Gas Corporation Lim- eign exchange business directly are known
ited as in foreign exchange
C. Wipro Limited A. Authorized dealers
D. Reliance Industries Limited B. Foreign dealers
C. Overseas branches
4358. Many times we read a term ‘Hot
Money’ in newspapers. What is/are the D. Approved dealers
characteristics of Hot Money?
4362. The 28th meeting of GST Council was
I. The term is used for fresh currency held in New Delhi recently. In this meeting,
notes issued by the RBI. the exemption limit for traders in Assam,
II. It is the fund which flows in the mar- Arunachal Pradesh, Himachal Pradesh and
ket to take advantage of high inter- Sikkim has been increased from 10 lakh
est rates. to lakh rupees.
III. It is the fund which is thrown in the
A. 15 lakh rupees
market to create imbalance in the
stock markets. B. 30 lakh rupees
Select the correct answer using the codes C. 25 lakh rupees
given below D. 20 lakh rupees
A. Only I 4363. What happens if in an instrument the
B. Only II amount undertaken or ordered to be paid
is stated differently in figures and in
C. Only III
words?
D. All of the above
A. the instrument is void due to uncer-
4359. Which of the following organiza- tainty
tion launched the upgraded portal of B. the amount stated in figure shall be the
the Women Entrepreneurship Platform amount undertaken or ordered to be paid
(WEP)? C. the amount stated in words shall be
A. NITI Aayog the amount undertaken or ordered to be
paid
B. Ministry of Women and Child Develop-
ment D. none of the above
C. Ministry of Corporate Affairs 4364. Annual PPF ceiling to be enhanced to
D. Ministry of Skill Development and En- from Rs 1 lakh
trepreneurship A. Rs. 1.5 lakh

476
B. Rs. 2 lakh C. Negotiable Instruments Act

C. Rs. 3 lakh D. Securities and Exchange Board of In-
D. Rs. 3.5 lakh dia Act
4365. Consider the following 4370. In which of the following bills, the pay-
1. Goodwill Trademarks. ment is to be made immediately by means
2. Copyrights or Patents of Bill of Exchange?
3. Government Securities
NARAYAN CHANGDER
A. Term Bill
4. Tax Refunds
5. Certificates of Deposit B. Faster Bill
Which of these are the examples of liquid C. Sight Bill
assets?
D. Ready Bill
A. 1, 2, and 3
B. 3 and 4 4371. Many a time we read in newspaper
C. 3, 4 and 5 about the benefits of National Electronic
Funds Transfer (NEFT), a dlivery service
D. 1, 2 and 5
launched by the bank. Why do banks ad-
4366. Main functions of Money? vocate for such delivery channels?
A. Medium of Exchange 1. It is a system in which no physical
B. Unit of Account transfer takes place, hence risk is
very low.
C. Store of Value 2. In this system banks are not re-
D. A, B and C of the above quired to transfer any money ac-
tually to the account of the cus-
4367. In which year the Regional Rural Banks tomer. Only book adjustment is
Act was passed? done. Hence actual fund is not
A. 1986 needed.
B. 1976 3. This facility is available to anybody
at any place. Even having a bank ac-
C. 1992 count is not at all necessary.
D. 1988
A. Only 1 is correct
4368. “Khayaal Apka” is the tagline of which B. Only 2 is correct
Bank?
A. HDFC Bank C. Only 3 is correct
B. ICICI Bank D. Both 1 & 2 are correct

C. Federal Bank
4372. The Maturity period of SCSS is
D. Axis Bank
A. 7 years
4369. The Holidays for the Banks are declared
as per [SBI Bank 2013] B. 5 years
A. Reserve Bank Act C. 9 years

B. Banking Regulation Act D. 12 years

477
4373. SDDS is an International Monetary Fund D. all of the above

standard to guide member countries in the
dissemination of national statistics to the 4378. INS Virat will be converted into floating

public. SDDS stands for museum soon. As per primary estimates,
the project worth almost rupees.
A. Special Data Dissemination Service
A. 950 crore
B. Special Data Dissemination Standard
B. 778 crore
C. Special Data Dissemination System
C. 852 crore
D. Special Durable Dissemination Stan-
dard D. 490 crore
4374. What is the name given to deposit ac- 4379. Karnataka Vikas Grameena Bank and
counts in Indian banks of Indians who re- Andhra Pragathi Grameena Bank has
side overseas? recorded net profit of more than Rs 150
A. Non-resident accounts crore during 2016-17. How many Re-
gional Rural Banks (RRBs) are currently
B. Non-resident ordinary account working in India?
C. Non-resident external account A. 52
D. Absentee Indian accounts B. 27
4375. NEFT works on the principle of which of C. 45
the following?
D. 56
A. Gross Batch Settlement
4380. Who is the present MD and CEO of Axis
B. Deferred Net Settlement
Bank?
C. Priority Net Settlement
A. Naina Lal Kidwai
D. Domain Net Settlement
B. Chanda Kochhar
4376. With reference to a cheque which of the C. Aditya Kapur
following is the ‘drawee bank’?
D. Shikha Sharma
A. The bank that collects the cheque
B. The payee’s bank 4381. Financial inclusion makes people to
C. The endorser’s bank A. access financial markets
D. The bank upon which the cheque is B. access credit markets
drawn C. learn financial matters
4377. What does a “bank” means in Payment D. All of the above
and Settlement Systems Act, 2007, unless
4382. UAN is a digit pin prearranged to
the context otherwise requires?
each member of Employee Provident Fund,
A. a bank included in the Second Sched- EPF.
ule to the RBI Act
A. 11
B. a post office savings bank
B. 9
C. a banking company as defined in
clause c of section 5, of the Banking Reg- C. 7
ulation Act D. 12

478
4383. Which of the following term in related 4388. When was YES Bank setup in India?
with Economy? A. 2002
A. Absolute Zero B. 2003
B. Amplitude C. 2004
C. Soft patch
D. 2012
D. Buoyancy
4389. The Govt of India in general and the
NARAYAN CHANGDER
4384. YES Bank and YES Global Institute have Banks in particular are very much after ‘Fi-
launched Agenda 25 × 25, which pledges nancial Inclusion’. a goal which both of
to create a synergetic startup environment them wish to achieve as early as possible.
for budding women entrepreneurs in India. What is the actual meaning of “Financial
Who is MD and CEO of YES Bank? Inclusion”? [OBC 2008]
A. Aditya Puri 1. Each and every individual above
B. Uday Kotak the age of 21 years should have
an employment and/or indepen-
C. Shikha Sharma
dent source of income enough for
D. Rana Kapoor him/her to sustain.
2. It is a concept which envisages that
4385. Which of the following is NOT a Pub- maximum people in India should
lic Sector Unit/Undertaking/Agency? [Vi- have access to banking services.
jaya Bank 2008] 3. Banking services should be provided
A. ECGC only to those who have a valid and
B. SEBI legal source of income as Govt of In-
dia wants each and every person in
C. SIDBI the income tax net irrespective of
D. Axis Bank the level of their income.
4386. Who monitors Priority Sector Lending A. Only 1 is true

(PSL) in commercial banks? B. Only 2 is true
A. Reserve Bank of India (RBI) C. Only 3 is true
B. Small Industries Development Bank of D. All the above are true
India (SIDBI)
4390. What Street Name is used to refer to
C. National Bank for Agriculture and Ru-
the RBI?
A. Reserve Street
D. Government of India (GOI)
B. Credit Street
4387. What is the Maximum investment limit
C. Mint Street
in single account of Post Office MIS Ac-
count? D. None of the above
A. Rs 6.00 lakh 4391. What is the maturity period for senior
B. Rs 4.50 lakh citizen savings scheme?
C. Rs 9.00 lakh A. 3 years
D. Rs 11.50 lakh B. 1 years

479
C. 2 years 4397. Financial institutions having loans

D. 5 years swapped for bonds can sell all bonds in

4392. The Banking Ombudsman Scheme was A. under-developed markets
introduced under which of the following
acts? B. developed markets
A. Banking Regulation Act, 1935 C. primary markets
B. Banking Regulation Act, 1949 D. secondary markets
4398. The Ahmedabad bench of the NCLT has
D. None of The Above approved the Rs 42, 000-crore resolution
plan submitted by Arcelor Mittal for the
4393. Mutual funds are regulated by debt-ridden Essar Steel Ltd. What is the
A. Association of Mutual Funds of India full form of NCLT?
(AMFI)
A. National Company Law Tribunal
B. Securities and Exchange Board of In-
B. National Company Law Treaty
dia (SEBI)
C. Reserve Bank of India C. National Company Law Transit
D. IRDA D. National Council Law Tribunal
4394. Which was the first mutual fund started 4399. Senior Citizen Saving Scheme (SCSS) is
in India? exclusively meant for people over the age
of 60 years. They shall come into force on
A. SBI Mutual Fund
A. August 2004
B. Indian Bank Mutual Fund
C. Kotak Pioneer Mutual Fund B. August 2002
D. Unit Trust of India C. August 2010

D. August 2008
4395. RBI has notified that P2P lending plat-
forms need to be regulated and treated on 4400. According to 2011 Census, Sex Ratio in
par with Non-Banking Financial Companies India stood at females per 1000 males.
(NBFCs). P2P stands for
A. 933
A. Product-to-Product
B. 965
B. Peer-to-Peer
C. 947
C. Person-to-Person
D. 940
D. Primary-to-Primary
4396. In India, the system of decimal coinage 4401. Which of the following features fit for
was introduced on E-Banking-?
A. 15th August 1947 A. Providing Ease in banking operations
B. 26th January 1950 B. Stress on branchless banking
C. 1st April 1957 C. Time Saving
D. All of the above D. All of the above

480
4402. Which organisation has launched ‘bond- C. FFMCs

i’, the world’s first bond to be created, al- D. Both a and c
located, transferred and managed by using
distributed ledger technology? 4407. What is the Platinum Jubilee Year of the
A. Asian Development Bank RBI?
A. 2007-2008
B. 2008-2009
C. United Nations Organisation
C. 2012-2013
NARAYAN CHANGDER
D. World Bank
D. 2009-2010
4403. What does Current Ratio mean?
4408. What does BBPOU stand for?
A. company’s ability to pay back its long-
term liabilities A. Bharat Bill Payment Operating Units
B. Bharat Biller Payment Operating Units
B. it is the ratio of net debt to total liabili-
ties C. Bharat Bill Payment Onsite Units
C. it is the ratio of liquid assets to current D. Bharat Bill Payment Online Units
liabilities
4409. is an app that lets you make simple,
D. company’s ability to pay back its short- easy and quick payment transactions using
term liabilities UPI.
4404. Which of the following is not a recom- A. BHIM
mendation of the Narasimham Committee, B. YONO
1991? C. ISDN
A. Reduction of CRR and SLR D. Best Credit
B. Phasing out directed Credit Pro-
4410. Which of the following year has regis-
gramme
tered the maximum GDP growth rate?
C. Reduction of capital adequacy ratio
A. 2005-06
D. Establishment of ARF fund
B. 2006-07
4405. The market value of all final goods and C. 2007-08
services produced and/Or made with the D. 2010-11
geographical boundaries of a country in a
year is known as 4411. is a pension scheme for citizens of
A. Gross Domestic Product India focussed on the unorganised sector
workers.
B. Gross National Savings
A. PMVVY
C. Gross Fiscal Deficit
B. PMJJBY
D. Gross Domestic Capital Formation
C. PMSBY
4406. Who are authorized to sell Foreign Ex- D. APY
change in India?
4412. According to the World Bank, which of
A. Authorized Dealers the following attributes of an economy are
B. RBI that of a ‘high income’ economy?

481
1. GDP per capita of$ 15000. 4416. Which of the following remittances pay-
2. Adult literacy of more than 95% . ments is one area that is a lifeline for mil-
3. Top 5 countries of the World GDP lions of people across the globe, especially

wise. in rural areas?
Select the correct answer using the codes A. Digital remittance
given below B. Ion remittance
A. Only 1 C. Blockchain remittance
B. Only 3 D. None of the above
C. 1 and 2
4417. Which out of the following is most pop-
D. 1 and 3 ular channel of foreign inward remittances
to India?
4413. As a part of financial inclusion, Bank
on Wheels is a banking kiosk in a mobile A. SWIFT
van which goes to various rural villages as B. Rupee Drawing Arrangement (RDA)
per the predetermined schedule to provide C. Direct transfers
the banking services to the rural Indians.
This Vehicle Tracking through GPRS. GPRS D. Cheques and Drafts
stands for
4418. Which of the following would reduce the
A. General Packet Radio Service credit creation capacity of a commercial
B. General Packet Running Service bank?
C. Gross Packet Radio Service A. Time & Demand deposits

B. Loans
D. Gain Packet Radio Service
C. Cash in hand
4414. Which of the following were the objec-
D. A & B
tives of Lead Bank scheme?
A. Eviction of unemployment and under 4419. Which one of the following banks can be
employment. included in the Scheduled Commercial Bank-
ing System of India?
B. Survival growth in the living map for
the poorest of the poor. A. Regional Rural Banks
C. Some basic needs arrangements in- B. Private Sector Banks

cluded in poor sections of the society. C. Foreign Banks in India
D. All of the above D. All of the above
4415. cheques, Drafts, Pay Orders and 4420. The “Central Government Health
Banker’s Cheques are “valid for months Scheme” (CGHS) provides comprehensive
from the date of instrument. health care facilities for the Central Govt.
employees and pensioners and their de-
A. 4 months
pendents residing in CGHS covered cities.
B. 1 months CGHS started in
C. 6 months A. 1949
D. 3 months B. 1962

482
C. 1969 4425. Gross Value Added by agriculture,

D. 1954 forestry and fishing is estimated at
Rs trillion in Financial Year 2018?
4421. PSLCs are tradable certificates issued A. Rs 16.47 trillion
against priority sector loans of banks.
What does meaning of “Cs” in PSLCs? B. Rs 22.45 trillion
A. Cess C. Rs 23.32 trillion
B. Cities D. Rs 17.67 trillion
NARAYAN CHANGDER
C. Census 4426. Where is the operational head office of
D. Certificates HSBC Bank located in India?
A. New Delhi
4422. Minister of State for Textiles has
B. Bangalore
stated that the Ministry will release 7.8
crore rupees for the construction of a tex- C. Mumbai
tile tourism complex in Nongpoh, Ri-Bhoi D. Chennai
district of Meghalaya.
4427. Name the committee, which set up to
A. Smriti Zubin Irani
look into the faster resolution of stressed
B. Ajay Tamta assets, has recommended the creation of
C. Jagat Prakash Nadda an asset management company for the res-
olution of stressed loans worth more than
D. Harsimrat Kaur Badal
Rs500 crore.
4423. When did the RBI allowed for the first A. Rakesh Mohan Committee
time to open ultra small branches?
B. Sunil Mehta Committee
A. 2004
C. Ghosh Das Committee
B. 2009
D. Subramanian Swami Committee
C. 2012
4428. Almost all Banks in India are running
D. 2014
special schemes for providing banking ser-
4424. Which of the following is/are true vices to rural poor. This concept is popu-
about the National Rural Employment larly known as
Guarantee Act? A. Faster Growth
1. The Act is now known as Indira B. Trade Finance
Gandhi National Rural Employment C. SME Finance
Guarantee Act.
2. The Act is now applicable to all the D. Financial Inclusion
districts of the country. 4429. NEFT means [IBPS 2011]
3. Minimum wage fixed under this Act
is now Rs. 250 per day. A. National Electronic Funds Transfer sys-
tem
A. Only 1
B. Negotiated Efficient Fund Transfer Sys-
B. Only 2 tem
C. Only 3 C. National Efficient Fund Transfer Solu-
D. All the above tion

483
D. Non Effective Fund Transfer System D. Board
4430. Interest is usually paid on money mar- 4435. How many Mutual Fund companies are

ket instruments there in India?
A. at maturity A. 43
B. on request B. 44
C. twice a year C. 54
D. annually D. 48
4431. Who regulates the money circulation in 4436. The Government of India has introduced
India? Merchandise Exports from India Scheme
(MEIS) through the Foreign Trade Policy
(FTP) 2015-20 w.e.f
A. 01st April 2015
C. NABARD
B. 01st April 2016
D. Commercial Banks
C. 01st April 2018
4432. Which among the following helps RBI to D. 01st April 2017
manage liquidity conditions in the economy
with banks having an avenue to surplus 4437. How many NBFC factors are there in In-
funds or avail funds? dia registered at present?
A. SLR A. 31
B. Money market Mutual Funds B. 6
C. Reverse repos C. 7
D. Repos D. 9
4433. After how many years of terrorist at- 4438. A group of countries which has abol-
tack World Trade Centre reopen for busi- ished all Traffis and also quantitative re-
ness? strictions between themselves is called
A. 12 years A. Economic Union
B. 13 years B. Customs Union
C. 15 years C. Common Market
D. 7 years D. Free Trade Area
4434. Capital markets regulator SEBI has re- 4439. ECGC Ltd. wholly owned by Govern-
laxed takeover norms for the acquisition ment of India, was set up in with the
of stressed assets of listed companies to objective of promoting exports from the
help the government and the RBI in their country by providing Credit Risk Insurance
efforts to tackle bad loans. What is the and related services for exports.
meaning of “B” in SEBI? A. 1935
A. Base B. 1982
B. Business C. 1964
C. Broker D. 1957

484
4440. The government has incorporated pro- 4444. Expand AEPS in terms of banking.
vision of penalties for States and Insur-
A. Aadhaar-enabled Payment Service
ance Companies for the delay in settlement
of insurance claims under the Pradhan B. Aadhaar-enabled promotion scheme
Mantri Fasal Bima Yojana (PMFBY). Ac- C. Automated engineered payment ser-
cording to the new guidelines, the farmers vice
will be paid interest by insurance com-
panies for the delay in settlement claims D. Aadhaar-enabled Payment system
beyond two months of prescribed cut-off
NARAYAN CHANGDER
4445. Which of the following are functions of
date.
financial services?
A. 5%
A. Mobilization of savings
B. 10%
B. Allocation of fund
C. 20%
C. Specialized services
D. 12%
D. All of the above
4441. Which of the following is not a credit
rating agency? 4446. Which of the following helps managers
track the issues that arise in a project and
A. WADA prioritize a response to them?
B. Fitch A. Issue tracker
C. CRISIL B. Issue list
D. Moody C. Track list
4442. India announced a$ 1.4 billion package D. Issue builder
for which of the following country to meet
its immediate budgetary as well as some 4447. An NBFC must be registered with
medium-term requirements? the and have specific authorization to
accept deposits from the public.
A. Sri Lanka
A. RBI
B. Nepal
B. SEBI
C. Bangladesh
C. NABARD
D. Maldives
D. SBI
4443. DBS Bank has been named the world’s
best bank by Global Finance magazine, in 4448. Bad loans of Public sector banks (PSBs)
a reflection of its ability to invest in dig- stood at by the end of second quarter
ital innovation while still maintaining sta- this fiscal (2017-18), a bulk of which came
ble operations for its customers. DBS Bank from corporate defaulters, private sector
based in banks’ NPAs were considerably low.
A. Australia A. Rs 17.24 lakh crore
B. Japan B. Rs 14.12 lakh crore
C. France C. Rs 10.48 lakh crore
D. Singapore D. Rs 7.34 lakh crore

485
4449. Which of the following is true regarding C. 1977

BCA?
D. 1980

A. BCA works for Insurance companies
B. A BCA can provide services to only 1 4454. Which among the following is /are
bank the main objective(s) of National Green
Crops?
C. A BCA can provide services to more
than 1 bank A. Educate youngsters about environ-
ment and eco-systems.
B. Prosecute and Punish the violators of
4450. Fincare Small Finance Bank (previ- Environment laws.
ously known as Disha Microfin Limited)
C. Promote Green Products.
kick-started its banking operations with
about 25 operational branches across Gu- D. All of above
jarat, Tamil Nadu, Karnataka and Andhra
Pradesh. Who is the present CEO of Fin- 4455. When was the currency system in India
care Small Finance Bank? converted into decimal system?
A. Rajeev Yadav A. April 01st 1959
B. Chandra Shekhar Ghosh B. April 01st 1957
C. R A Sankara Narayanan C. April 01st 1955
D. Sunil Arora D. April 01st 1953
4451. Which of the following is the best option
4456. Punjab & Sind Bank is a government-
to park money for a long period of time to
owned bank, with headquarters in New
earn a high rate of interest?
Delhi. Who is present Chairman & Man-
A. Savings account aging Director of Punjab & Sind Bank?
B. Current account A. Harsh Bir Singh
C. Deposit account B. Pradipta K Jena
D. Recurring account
C. Jatinderbir Singh
4452. How many members are there in one D. Fareed Ahmed
Self Help Group?
A. 1-5 4457. Which one of the following is not
charged on the Consolidated Fund of India?
B. 10-20
A. Salary & allowances of the president
C. 20-25
of India
D. 5-10
B. Salary & allowances of the speaker of
4453. The National Bank for Agriculture and the Lok Sabha
Rural Development (NABARD) was estab- C. Salary & allowances of the Justices of
lished in the year the Supreme Court of India
A. 1970 D. Salary & allowances of the Vice Presi-
B. 1982 dent of India

486
4458. Which of following is necessary to 4463. For which of these countries the RBI has
transfer funds through the RTGS facility? served as the central bank in the past?
A. Beneficiary’s bank account number A. Myanmar
B. The IFSC number of the beneficiary’s B. Nepal
bank branch
C. Sri Lanka
C. There is a minimum amount specified
for transfer D. All of the above
NARAYAN CHANGDER
D. All of the above 4464. Idea of insuring deposits kept with
4459. Which of these is a Cooperative Bank in banks received attention for the first time
India? in the year 1948 after the banking crises
in?
A. Cosmos Bank
A. Maharashtra
B. SVC Bank
B. Karnataka
C. Janata Sahakari Bank
D. All of the above C. AP
D. Bengal
4460. The formal beginning of the merchant
banking services in India began in 1967, 4465. One single statement that depicts the fi-
when the Reserve Bank of India provident nancial position of a bank and/or business
licence to the enterprise at a given point of time is called
A. State Bank of India A. Statement of product details
B. Oriental Bank of Commerce
B. Reconciliation Statement
C. Grindlays Bank
C. Balance Sheet
D. Federal Bank
D. Quarterly returns submitted to RBI
4461. Contribution of Central Government,
State Government and Sponsored Bank in 4466. The Bank of Nova Scotia, operating as
paid up capital of a Regional Rural Banks Scotiabank, is a multinational bank.
is in the ratio of A. Canadian
A. 50: 15: 35
B. American
B. 60: 25: 15
C. German
C. 60: 20: 20
D. Australian
D. 50: 25: 25
4467. The financial year for banks is April-
4462. Who has been announced as the new
March, but what is the financial year for
Secretary General of the PHD Chamber of
RBI?
Commerce and Industry (PHDCCI)?
A. Nandan Nilekani A. January-December
B. Pravin Srivastava B. April-March

C. Isha Dua C. July-June
D. Mahesh Y Reddy D. October-September

487
4468. The rural co-operative credit system in 4473. Effective from 15th April, 1980, how
India is primarily mandated to ensure the many banks with demand and time liabil-
flow of credit to ities exceeding 200 crore were national-

ized?
A. women sector
A. ten
B. Industries sector
B. six
C. Corporate sector
C. five
D. Agriculture sector
D. four
4469. Which organization has decided to treat
deposits to over Rs. 2 crore as ‘bulk’ as 4474. Which was the first public bank to intro-
they doubled the limit for the same from duce credit cards?
the earlier Rs. 1 crore? A. ICICI
A. SBI B. HDFC
B. FICCI C. Central Bank of India
C. RBI D. SBI
D. NABARD 4475. Who is the present Chairman of Office
of the Executive Council of Insurers?
4470. of about 30% is levied on the
amount that exceeds the fair market value A. Sudhir Shyam
of shares issued by unlisted companies. B. Nilesh Sathe
A. Bill Tax C. Hemant Bhargava
B. House Tax D. Sanjeev Nautiyal
C. Angel Tax
4476. Leading bourse National Stock Exchange
D. Law Tax (NSE) has launched its international ex-
change in the Gujarat International Finance
4471. On which date, RBI started working? Tec-City (GIFT City). Where is the corpo-
A. 1 January 1934 rate office of NSE?
B. 1 January 1935 A. Mumbai
C. 1 April 1935 B. New Delhi
D. 31 March 1934 C. Bengaluru
D. Hyderabad
4472. OLTAS is a system introduced in for
collection, accounting and reporting of the 4477. The Doing Business Report” is prepared
receipts and payments of Direct Taxes on- by which of the following organizations
line through a network of bank branches. every year?
A. November 1999 A. Asian Development Bank (ADB)
B. January 2001 B. World Bank (WB)
C. April 2004 C. New Development Bank (NDB)
D. July 2005 D. World Trade Organization (WTO)

488
4478. Which of the following are the instru- C. Banking Regulation Act, 1949
ments of Credit Control in the hands of the
D. Currency Act, 1902
RBI?
I. Lowering or raising the discount and 4483. What is the name given to the online
interest rates. payment services that all internet banking
II. Raising the minimum support price customers can use?
of the major agro products.
A. E pay
III. Lowering or raising the minimum
NARAYAN CHANGDER
cash reserves maintained by the B. E-commerce
commercial banks.
C. ECS
given below. D. All of these
A. Only I 4484. What is the present Repo Rate?

B. Only II A. 7.00%
C. Only III
B. 6.25%
D. Both I and III
C. 6.50%
4479. Which among the following activities D. 0.0675
are not permitted to payments banks?
A. Remittance services 4485. The legal relationship between a bank
and its customer is a kind of
B. Issuing ATM cards
C. Issuing credit cards 1. debtor and creditor.
2. principal and agent.
D. Accepting demand deposits 3. pledgor and pledgee.
4480. Which of the following is NOT used in 4. mortgagor and mortgage.
Economics? Select the correct answer using the codes
A. Demand and Supply given below:
B. Ad Valorem Tax A. 1 and 3
C. Break even B. 1, 3 and 4
D. HIV-positive C. All the above
4481. Banks in India are governed by BR Act D. 1 and 2
1949. What does ‘BR’ stands for?
4486. When there is a difference between
A. Banks Registration
all receipts and expenditure of the Govt.
B. Banking Re-organization of India, both capital and revenue, it is
C. Banking Regulation called [IBPS 2012]
D. Banking Rights A. Revenue Deficit
4482. The minting of rupee coin is governed by B. Budgetary Deficit

A. Coinage Act, 1906 C. Zero Budgeting
B. Reserve Bank of India Act, 1934 D. Trade Gap

489
4487. Which of the following year marked the with Subsidiary General Ledger (SGL),
beginning of the history of agricultural co- Constituent Subsidiary General Ledger
operative banks in India? (CSGL) account holders

A. 1904 D. All of the above
B. 1905
4491. KYC guidelines followed by the banks
C. 1906 have been framed on the recommendations
D. 1907 of the
4488. Monetary Policy Committee has de- A. Ministry of Home Affairs

cided to keep the policy repo rate in 1st B. Ministry of Rural Development
Bi-Monthly Monetary Policy Statement
2017-18 under the liquidity adjustment fa- C. Indian Banks Association
cility (LAF) unchanged at D. Reserve Bank of India
A. 6.50%
4492. What would be the New Price Index
B. 6.25% that would measure inflation?
C. 6.75% A. PPI (2011)
D. 6.00%
B. CPI (2010)
4489. Many times we read about ‘Hawala’ C. WPI (2004-2005)
transactions in newspapers. Hawala, in
India, is prohibited under the provision of D. RTI
which of the following Acts?
4493. Under the provisions of Section of
A. Fiscal Responsibility and Budget Man- the Banking Regulation Act, 1949 (As Ap-
agement Act plicable to Cooperative Societies), primary
B. Banking Regulation Act (urban) cooperative banks are required to
obtain permission from the Reserve Bank
C. Financial Action Task Force Act
of India for opening branches.
D. Foreign Exchange Management Act
A. Section 25
4490. With a view to enlarge resources avail- B. Section 45
able to RRBs for a variety of purposes,
especially in the context of programme of C. Section 52
financial inclusion, general credit card etc, D. Section 23
Reserve Bank advised that
A. sponsor banks should provide them 4494. Which of the following bills presented in
lines of credit at a reasonable rate of in- the Parliament will bring some changes in
terest the existing tax regime?
B. RRBs may borrow from/or place funds A. Direct Taxes Code (DTC) Bill
with other RRBs, including those spon-
B. Foreign Exchange Management Regu-
sored by other banks, subject to counter
latory Bill
party Credit Risk Policy and limits
C. Companies Act Bill
C. RRBs may enter into ready forward
transactions in government securities D. Salaries and Perks for MPs Bill

490
4495. What was the initial share capital of Re- small seed blossomed into a limited com-
serve Bank of India? pany as ‘Canara Bank Ltd.’ in 1910 and
A. Rs. 5 Crore became Canara Bank in 1969 after nation-
alization. Who is the present MD and CEO
B. Rs. 10 Crore of Canara Bank?
C. Rs. 15 Crore A. Venkatachalam Ramakrishna Iyer
D. Rs. 20 Crore B. Mahadev Nagendra Rao
NARAYAN CHANGDER
4496. sbiINTOUCH launched by State Bank of C. Uma Shankar
India relates to D. Rakesh Sharma
A. ATM services 4501. At which of the following rates does the
B. digital branches Central Bank lend to banks against govern-
ment securities?
C. infrastructure loans
A. Repo Rate
D. home loans
4497. The Capital Market of Indian financial
C. Bank Rate
system deals with which of the following
funds? D. CRR
A. Hedge funds 4502. Which of the following is not true about
B. Short-term funds Bharat Interface for Money (BHIM) app?
C. Long-term Funds A. BHIM framework allows its usage

without internet also.
D. Government Funds
B. Money can also be sent to non-UPI sup-
4498. What is the maturity period of Treasury ported banks using IFSC code and account
Bills issued by Government of India? number.
A. 14 days and 84 days C. BHIM allows daily transaction limit of
Rs 20, 000.
B. 182 days and 364 days
D. Through BHIM app, a maximum of Rs
C. 18 days and 36 days 5, 000 is allowed per transaction.
D. 91, 182 & 364 days
4503. In which of the following States, India’s
4499. The Mutual fund is constituted under the first Islamic Bank is proposed to be set up?
provisions of which of the following acts? A. Kerala
A. The Securities and Exchange Board Of B. Tamil Nadu
India Act, 1992
C. Orissa
B. RBI Act, 1934
D. Bihar
C. Indian Trusts Act, 1882
4504. What does RS.RS.derivative” mean in
D. Indian Registration Act, 1908.
Payment and Settlement Systems Act,
4500. Founded as ‘Canara Bank Hindu Perma- 2007?
nent Fund’ in 1906, by late Shri Ammem- A. an instrument, to be settled at a future
bal Subba Rao Pai, a philanthropist, this date

491
B. a payment, to be settled at a future 4509. The term ‘Gross National Happiness’

date was coined by

C. an instrument, that has already got A. Amartya Sen
settled
D. None of the above B. Bhutan’s King
4505. With an initial funding of$ 912.7 mil- C. Maqbool Haq

lion, International Development Associa-
D. European Union
tion (IDA) was launched on
A. 24th September 1960
4510. Which organisation/bank has approved
B. 17th December 1920 Rs 65, 634.93 crore loan so far to 93 pri-
C. 22nd November 1959 oritised irrigation projects under the gov-
ernment’s flagship scheme Pradhan Mantri
D. 23rd May 1919
Krishi Sinchai Yojana (PMKSY)?
4506. Which of the following is/are key pol-
A. IRDAI
icy rates used by RBI to influence interest
rates? B. SBI
1. Bank rate and repo rate
2. Reverse repo rate C. NABARD
3. CRR and SLR D. SIDBI
given below 4511. The Ministry of Culture, Government of
A. Only 1 India has introduced a new scheme namely
B. Only 2 ‘Seva Bhoj Yojna’ with a total outlay of Rs.
325.00 Crores for Financial Years 2018-
C. Only 3 19 and 2019-20. “Seva Bhoj Yojana” is
D. All of these related to
4507. According to FERA, Foreign Exchange in- A. Reimburse Central Share of CGST and
cludes which of the following? IGST on Food/Prasad/Langar/Bhandara
A. Traveler’s Cheque offered by Religious Institutions
B. Letters of Credit B. Sustainable ground water manage-
C. Bill of Exchange expressed or drawn in ment with community participation in
Indian Currency select over-exploited and ground water
stressed areas in seven States
D. All of the above
C. Government-backed pension scheme
4508. Which of the following organizations is
in India targeted at the unorganised sec-
created specially for providing credit to
tor
small and medium enterprises in India?
A. NABARD D. Focus to establish infrastructure that
B. SIDBI could ensure adequate robust sewage
networks and water supply for urban
C. ECGC transformation by implementing urban re-
D. AMFI vival projects

492
4512. The State Bank of India was established 4517. Liquidity status of certificate of deposit
on the recommendation of which is more negotiable is considered as?
A. Rural Banking Enquiry Committee A. certified liquidity
B. All India Rural Credit Survey B. term liquidity
C. Banking Enquiry Commission C. more liquid
D. None of these D. less liquid
NARAYAN CHANGDER
4513. Where is the headquarter of National 4518. Which of the following organisations
Housing Bank located? has given a warning to the nations of the
A. New Delhi world that there may be increased risk to
global financial stability in the world?
B. Mumbai
A. World Bank
C. Chennai
B. World Trade Organisation
D. Bangalore
C. Asian Development Bank
4514. State Bank of India or SBI is an In- D. International Monetary Fund
dian multinational, public sector banking
and financial services company. It is a 4519. What is the maximum amount of trans-
government-owned corporation with its action per account per day through AEPS?
headquarters in Mumbai. Which of the fol- A. Rs 10, 000
lowing is the tagline of SBI?
B. Rs 50, 000
A. Pure Banking Nothing Else
C. Rs 30, 000
B. Where Service Is A Way Of Life
D. Rs 1, 00, 000
C. The Name you can Bank Upon
D. A Friend You Can Bank On 4520. Prime Minister Narendra Modi launched
the India Post Payments Bank (IPPB) at
4515. State Bank of India is an Indian multina- Talkatora Stadium in New Delhi. IPPB will
tional, public sector banking and financial offer interest rate on savings accounts.
services company. SBI was established on A. 5.25%
A. 01st July 1951 B. 4.50%
B. 01st July 1954 C. 6.25%
C. 01st July 1953 D. 4.00%
D. 01st July 1955
4521. The crop insurance scheme is being im-
4516. Out of total priority sector advances plemented at which among the following
of RRBs, atleast should be advanced to levels under the National Agricultural In-
weaker sections. surance Scheme (NAIS)?
A. 25% A. Village
B. 50% B. Panchayat
C. 60% C. District
D. 0.75 D. State

493
4522. Universal Health Insurance Scheme C. Both A and B

(UHIS) are provides for reimbursement D. None of the Above
of medical expenses upto

A. Rs.30, 000/ 4527. What is the full form of IRR as used in
banking/financial sector?
B. Rs.10, 000/
A. Internal Rate of Return
C. Rs.25, 000/
B. Internal Revaluation Reserve
D. Rs.50, 000/-
C. Investment Reserve Ratio
4523. Many times we read in newspa-
D. Internal Risk Return
pers/magazines about the increase or de-
crease in tax collection. Which of the fol- 4528. Loan disbursed by an NBFC-MFI to a bor-
lowing taxes is not included in the tax col- rower with urban and semi-urban house-
lection levied by the Union Government? hold income should not exceed how much
A. Property Tax amount?
B. Education Cess A. Rs.1, 00, 000
C. Corporate Tax B. Rs. 1, 60, 000
D. Income Tax C. Rs. 2, 60, 000
4524. Regional rural banks D. Rs.1, 50, 000
1. have limited area of operation 4529. Where was Canara Bank first set up in
2. have free access to liberal refinance 1906?
facilities from NABARD A. Mangalore
3. are required to lend only to weaker
sections B. Varanasi
A. 1, 3 C. Madras
B. 2, 3 D. Lahore
C. 1, 2, 3 4530. Funds which combined the features of
D. 1, 2 an Open-Ended and Close-Ended funds are
known as which of the following?
4525. In how many languages is the amount is
A. Interval funds
written on the bank note?
B. Balance funds
A. 15
C. Specialty funds
B. 17
C. 19
D. 22 4531. Who has been appointed as managing
director & CEO of Axis Bank from 01st Jan-
4526. Which of the following clearly defines uary 2019 for a period of three years?
Price Checking?
A. Sandeep Bakhshi
A. A prospect calls on the phone and ask
for your rental rates. B. Anshula Kant
B. A supervisor checks your knowledge of C. PK Gupta

rental rates. D. Amitabh Chaudhry

494
4532. The Ministry of Finance has announced A. $ 10

that “Payments Banks and Small Finance B. $ 55
Banks” will offer social security scheme
APY to their subscribers. APY stands for C. $ 40
A. Atal Pension Yojana D. $ 75
B. Atal Person Yojana 4537. ASBA is a mechanism for subscribing

to applications in Initial Public Offerings
C. Atal Pension Yatra
(IPOs). ASBA stands for
NARAYAN CHANGDER
D. Aman Pension Yojana
A. Application Supported by Blocked
4533. What is the minimum amount for open- Amount
ing of account of PPF Account? B. Application Submitted with Blocked
A. INR. 1, 000/ Amount
B. INR. 1, 500/ C. Acquired Shares by Blocked Amount
C. INR. 2, 500/ D. Application Supported by Balance
Amount
D. INR. 100/-
4538. Which of the following will set up core
4534. Which of the following committees has banking infrastructure for rural banks?
given its recommendations on .Financial In- [Allahabad Bank 2011]
clusion.?
A. SIDBI
A. Rakesh Mohan Committee
B. IBA
B. Rangarajan Committee
C. RBI
C. Sinha Committee
D. NABARD
D. Kelkar Committee
4539. DICGC stands for
4535. The economy of India is/are facing
A. Deposit Investment and Credit Guaran-
which of the following problem/problems
tee Corporation
now a days?
B. Deposit Insurance and Credit Guaran-
1. Huge trade deficits.
tee Corporation
2. Disequilibrium in balance of pay-
ments. C. Deposit Insurance and Credit Guaran-
3. High inflation and high food and com- tee Company
modity prices. D. Demand Insurance and Credit Guaran-
A. Only 1 tee Corporation
B. Only 2 4540. The Reserve Bank of India opened a
C. 1 and 3 branch in which city to make transac-
tions of the Uttarakhand State govern-
D. Only 3 ment more convenient?
4536. Infosys has completed the acquisition A. Mussoorie
of WongDoody Holding Company, a US- B. Rishikesh
based digital creative and consumer in-
sights agency, for a total consideration of C. Nainital
upto million. D. Dehradun

495
4541. The Centre, Maharastra Govern- its previous estimate of 7.00% on weaker
ment, and the World Bank have signed than expected momentum in the economy.
a million dollar project to help small A. 6.30%

and marginals farmers in the Marathwada
and Vidarbha region of the state. B. 6.50%
A. 102 million dollar C. 6.70%
B. 100 million dollar D. 6.80%
C. 956 million dollar 4547. DRT has been constituted under Section
D. 420 million dollar 3 of the Recovery of Debts Due to Banks
and Financial Institutions Act, 1993. DRT
4542. Parallel Economy is also referred as stands for
A. Grey Market A. Debt Recovery Tribunals
B. Black Market B. Demand Recovery Tribunals
C. Black Economy C. Deposit Recovery Tribunals
D. Both 1and 2 D. Debt Refinance Tribunals
4543. TRAI regulates the functioning of which 4548. If RBI adopts an expansionist open mar-
of the following services? ket operations policy, this means that it
will
A. Port
A. offer commercial banks more credit in
B. Trade open market
C. Telecom B. sell securities in the open market
D. Transport C. openly announce to the market that it
intends to expand credit.
4544. Karur Vysya Bank was started in the
year 1916. it is based in D. buy securities from non-government
holders
A. Chennai
B. Mengaluru 4549. The Reserve Bank of India (RBI) ex-
tended the timeline for full implementation
C. Karur of the Basel III capital regulations by a
D. Aluva year. Now the banks are required to com-
ply with the Basel III norms by 31 March
4545. Name the person who is not a member 2019 instead of
of Department of Postal Services Board?
A. 31 March 2016
A. Mr Ajay Tyagi
B. 31 March 2018
B. Ms Meera Handa
C. 31 March 2017
C. Shri Tilak De
D. 31 March 2015
D. Shri Vasumitra
4550. Which was the first Indian company
4546. Fitch Ratings cut India’s economic listed in National Association of Securi-
growth forecast for the current financial ties Dealers Automated Quotation System
year starting 01st April 2019, to from (NASDAQ)?

496
A. TCS 4554. Which of the following terms is NOT

B. HCL used in the Banking world? [Allahabad
Bank 2011]
C. Infosys
A. Holding Company
D. Reliance
B. Postdated cheque
4551. Many a time we read in newspapers C. Credit
that some big banks have revised their D. Centripetal force
NARAYAN CHANGDER
lending rates to make them dearer or
cheaper. Though the decision to raise the 4555. Name the place where Canara Bank
lending rates is always in the hands of the launched its seventh overseas branch in
banks, normally they announce this deci- June 2014
sion of theirs
A. London
1. immediately after the Union Budget B. New York
is presented in the Lok Sabha every
year. C. Leicester
2. when the RBI makes changes in its D. Shanghai
policy rates.
3. when the Monetary and Credit Pol- 4556. What is Section 7 of the RBI Act 1934?
icy of the RBI is reviewed periodi- A. It allows RBI to buy and sell Foreign
cally. currency
A. Only 1 B. It empowers the government to issue
B. Only 2 directions to the RBI
C. Only 3 C. It allows the RBI to appoint its own

staff
D. Only 2 & (3)
D. None
4552. The network for common data communi-
4557. When does a person become insolvent?
cation for banks and FIs launched by RBI:
A. When he left with no property of his
A. BANKNET
own
B. INFINET B. When he declares an insolvent by the
C. SWIFT Court
D. INTERNET C. When he terminates from a job he was
holding
4553. Central Registry of Securitisation As-
D. When he declares himself to be an in-
set Reconstruction and Security Interest of
solvent
India (CERSAI) is a Government of India
Company licensed under section 8 of the 4558. Ten-rupee notes contain the signature of
A. Securities Laws (Amendment) Act, [Corporation Bank 2011]
1996 A. Finance Secretary, GOI
B. Banking Regulation Act, 1949 B. Chairman, State Bank of India
C. Companies Act, 2013 C. Governor, Reserve Bank of India
D. Reserve Bank of India Act, 1934 D. Finance Minister, GOI

497
4559. At present the trade between India and 4563. Which was the first bank to open a
China is in a state of ‘Payment imbalance’ branch on foreign soil?
What does this mean in real terms?

A. Bank of India
1. China does not import many items B. State Bank of India
from India whereas India imports
C. Bank of Punjab
more from China.
2. China does not pay India in time and D. Allahabad Bank
a lot of delay is reported by the ex-
4564. What is the Free limit of (Both Finan-
porters
cial & Non Financial) transactions per day
3. India wants all payments to be
ATM cash withdrawal in Post Office Sav-
made in US Dollars whereas China
ing Schemes in Metro cities??
pays in its own currency.
A. 5 free transactions
A. Only 1
B. 7 free transactions
B. Only 2
C. 3 free transactions
C. Only 3
D. 2 free transactions
D. All the above
4565. The rate of interest banks charge it
4560. The credit for availing the first Home main/major and prime customers is pop-
Loan goes to which of the following per- ularly called as
sons in India? A. Risk Premium
A. Nandan Nilekani B. Prime Lending Rate
B. Rustom Padri C. Repo Rate
C. D B Remedios D. Reverse Repo Rate
D. None of the Above 4566. Which of the following is not true about
National Electronic Funds Transfer (NEFT)
4561. Which of the following is the biggest
system?
contributor of foreign exchange reserve of
India? A. There is no limit on transaction
through NEFT
A. Foreign Currency assets
B. NEFT operates in hourly batches.
B. Gold
C. NEFT is a payment system which facil-
C. Reserve tranche with IMF itates one-to-one funds transfer.
D. Special Drawing Rights D. Only bank branches which are NEFT
enabled, can be a part of the NEFT funds
4562. Which of the following schemes has transfer network.
been launched for providing health ser-
vices in rural areas? 4567. All Regional Rural Banks or RRBs are,
A. Operation Flood therefore, advised to achieve and maintain
a minimum CRAR of on an ongoing ba-
B. Look East sis.
C. SJSRY A. 15%
D. ASHA B. 11%

498
C. 5% C. HDFC Securities
D. 9% D. Axis Securities
4568. IMPS provide robust & real-time fund 4573. Bank rate policy, open market opera-
transfer which offers an instant, 24 × 7, tions, variable reserve requirements and
interbank electronic fund transfer service statutory liquidity requirements employed
that could be accessed on multiple chan- by Reserve Bank as measures by Reserve
nels. What is the full form of IMPS? of credit control are classified as
NARAYAN CHANGDER
A. Immediate Payment System A. Quantitative methods
B. Immediate Payment Service B. Qualitative methods
C. Immediate Payment Solution C. Both of the above
D. Indian Payment Service D. None of these
4569. What is the current reverse repo rate of 4574. As per the target for the 11th Five Year
RBI? Plan, educated unemployment is to be re-
A. 6.50% duced to which of the following levels?
B. 6.25% A. 9%
C. 6.75% B. 6%
D. 4.00% C. 7%
D. 0.05
4570. NBFC-Infrastructure Finance Companies
must have at least what per cent of its to- 4575. is a cheque rather an amount of
tal assets in infrastructure loans? cheque, which is above the balance avail-
A. 80% able in the account of the payer.
B. 50% A. Travellers cheque
C. 75% B. Multicity Cheque
D. 70% C. Mutilated Cheque
D. Over Draft
4571. Which of the following instruments may
be construed either as a promissory note 4576. Which Bank’s headquarter is located in
or bill of exchange? Manipal, Karnataka?
A. valid instrument A. Dena Bank
B. ambiguous instrument B. UCO Bank
C. returnable instrument C. Syndicate Bank
D. none of the above D. Corporation Bank
4572. Name the company, which has become 4577. Ultimate controller of Bank Deposits is?
the first-ever broking arm of a bank
to take membership of a commodity ex- A. RBI
change by registering itself with NCDEX. B. Finance Secretary
A. South Securities C. Ministry of Finance
B. Kotak Securities D. Controller of Deposits

499
4578. CEPI stands for? 4583. In which year SMERA (Small & Medium
A. Council of Environmental Pollution of Enterprises Rating Agency) was estab-
lished?

India
B. Centre for Environmental Pollution in A. 2002
India B. 2005
C. Comprehensive Environmental Pollu- C. 2008
tion Index D. 2001
D. Centre for Environmental Pollution and
Industries 4584. The New India Assurance Company Lim-
ited based in
4579. In the post-liberalization period, the A. Hyderabad
share of direct taxes in gross tax revenue
in India has B. New Delhi
A. Increased C. Kolkata
B. Decreased D. Mumbai
C. First increased and then decreased 4585. Which bank came into existence in 1921
D. Remained the same when three banks namely, Bank of Bengal
(1806), Bank of Bombay (1840) and Bank
4580. The European Central Bank has launched of Madras (1843) were reorganised and
a new system aimed at letting banks amalgamated to form a single banking en-
settle payments instantly across Europe. tity?
What is the name of that system? A. Imperial Bank of India
A. SWIFT B. State Bank of India
B. TIPS C. Reserve Bank of India
C. NEFT D. Punjab National Bank
D. MPIJ
4586. HDFC Life Insurance Company has
4581. Which one of the following is a Credit launched a servicing bot for Twitter that
Card Association? uses artificial intelligence for customer ser-
A. India Card vice.
B. Master Card A. Ping
C. SBI Cards B. Seog
D. City Bank Cards C. Neo

D. Jong
4582. Which of the following organisation has
approved a$ 25-30 billion commitment 4587. When was the decimalization of the
plan for India for the 2019-22 period? coinage done in India?
A. United Nations A. 1957
B. World Bank B. 1955
C. UNCTAD C. 1947
D. New Development Bank D. 1935

500
4588. Who is the present Chief Executive Offi- 4593. NABARD has sanctioned a loan assis-
cers (CEO) of HDFC Bank? tance of Rs 1, 349.55 crore to the Ra-
A. Chanda Kochhar jasthan government for the creation of ru-
ral infrastructure in the state under the
B. Uday Kotak RIDF. RIDF stands for
C. Rana Kapoor A. Rural Industrial Development Fund
D. Aditya Puri B. Rural Infrastructure Depend Forum
NARAYAN CHANGDER
4589. What is the name of the free LPG con- C. Rural Investment Development Fund
nection scheme expanded to eight crore D. Rural Infrastructure Development
households, as announced in the Budget Fund
Session?
4594. Which of the following is not a sched-
A. Roshani Mission uled Commercial Bank?
B. PMGKY A. IDBI Bank
C. Ujjwala Yojana B. Axis Bank
D. APY C. HDFC Bank
4590. What are White Label ATMs (WLAs)? D. NABARD
A. Owned and operated by non-banks 4595. Who among the followings regulates
B. ATM operators are authorized under the NBFCs in India?
Payment & Settlement Systems Act, 2007 A. Reserve Bank of India
C. WLAs may offer many other ser- B. SEBI
vices/facilities to bank customers
D. All of the above
4591. The insurance company representative 4596. 0-second paperless instant loan Scheme
who sells policies on behalf of the insurer, for its existing customers and Project
is called? Tatkal home loans application process
A. Agent within 10 days are launch by which of
B. Broker these banks respectively
A. ICICI and HDFC
C. Applicant
B. SBI and ICICI
D. Compulsory
C. BOI and SBI
4592. SEBI recently came out with a detailed
D. HDFC and SBI
framework for risk-based Know Your Cus-
tomer (KYC) documentation of FPIs. What 4597. Which of these was the first RRB to be
is the meaning of “F” in FPIs? set up in India?
A. Firstly A. Gaur Gramin Bank
B. Freight B. Prathama Bank
C. Foreign C. Arunachal Pradesh Rural Bank
D. Financial D. Himachal Gramin Bank

501
4598. Which of the following is the Central 4603. We frequently read about ‘MFI’ in
Bank of USA? [Allahabad Bank 2011] newspapers. What is the full form of this
term, which is used in financial sector?

A. Federation of Banks, USA
B. Citigroup, USA A. Micro Finance Institutions
C. Bank of America B. Micro Functional Issues
D. Federal Reserve C. Mutual Funds in India
4599. Which Bank has launched a new digital D. Monetary Forum of India
platform ‘MyDeal’ to simplify capital rais-
4604. Inflation is measured in India on the ba-
ing process through capital markets by pro-
sis of which index?
viding real-time access to information such
as investors’ feedback, profiles, client or- A. Consumer price index
ders and deal pricing? B. Wholesale price index
A. HSBC C. Retail price index
B. ICICI Bank D. Market forces
C. Yes Bank
4605. What is the Minimum Amount for open-
D. Standard Chartered
ing of account that can be retained of 5-
4600. What is India’s rank in World Bank’s Year Post Office RD Account?
Ease of Doing Business Index 2019, out A. 10/-per month
of 190 countries in 2018?
B. 50/-per month
A. 83
C. 100/-per month
B. 77
D. 5/-per month
C. 23
D. 100 4606. Qatar King Sheikh Tamim bin Hamad Al
Thani has pledged to make direct invest-
4601. Whenever somebody needs foreign cur- ment in Turkey and announced a US dol-
rency against Indian Rupee, banks give lar investment into the country’s financial
equivalent amount of desired currency markets and banks.
based on prevalent
A. 10-billion US dollar
A. bank rate
B. 05-billion US dollar
B. currency rate
C. 20-billion US dollar
C. policy rate
D. 15-billion US dollar
D. exchange rate
4602. An EEFC account can be held only in the 4607. Kelkar Committee Gave recommenda-
form of which of the following? tions on
A. Savings Bank Account A. Tax Structure Reforms
B. Deposit Account B. Delisting in Share market
C. Current Account C. Broad Frame work of Insurance Sector
D. None of the Above D. Company Law Reforms

502
4608. Where the signature of the drawer of D. Prescribed Companies must have at
a cheque is not genuine, such a cheque is least 1 woman Director on the Board
called
4613. State Bank of India is an Indian multi-
A. Post dated cheque national, public sector banking and finan-
B. Stale cheque cial services company. It is a government-
C. Forged cheque owned corporation with its headquarters
in
D. All of the above
NARAYAN CHANGDER
A. Hyderabad
4609. The Agriculture Insurance Company was
B. Mumbai
launched with the help of
C. Chennai
A. RBI
D. New Delhi
B. SIDBI
C. NABARD 4614. Andhra Pradesh Societies is governed
D. ECGC by a Governing Council headed by
A. Chairman, SEBI
4610. CICs having asset size of 100 crore or
above are categorised as which of the fol- B. Chairman, LIC
lowing? C. Chairman, IRDAI
A. Systemically Important Core Certified D. Governor, RBI
Companies
4615. Many a times, we read a term ‘SEPA’
B. Systemically Important Core Invest-
in financial newspapers. What is the full
ment Companies
form of the SEPA?
C. Systemically Core Investment Compa-
A. Single Exchange Processing Agency
nies
B. Single Euro Payments Area
C. Single Electronic Processing Agency
4611. Which of the following institutions is in-
volved mainly in granting Housing Loans? D. Super Electronic Purchase Agency
A. RBI 4616. “Your Own Bank” is tagline of

B. SBI A. UCO Bank
C. HDFC B. Indian Bank
D. ICICI C. Bank of India
4612. Recently Parliament has pass-ed Com- D. Corporation Bank
panies Act 2013. What is NOT true with
4617. Price of underlying asset is added into
regard to some of the features of the Act?
intrinsic value of option to calculate which
A. An Individual can set up “One person of the following?
Private Ltd Company”
A. forward price of option
B. An independent Director can hold 3
consecutive terms of 3 years B. exercise price of option
C. Listed Companies must have at least C. book value of option

1/3rd independent Directors D. spot price of option

503
4618. The Asian Development Bank (ADB) and A. Unimax Agrotech Ltd
the Government of India signed million B. Asia Agrotech Corp. Ltd
loan agreement to help modernize tech-

nical and vocational education and train- C. Omaxe Agrotech Corp. Ltd
ing (TVET) institutions and improve the D. Pearls Agrotech Corp. Ltd
skills ecosystem in the State of Himachal
Pradesh. 4623. What was the deposits criteria of 14
A. $ 80 million banks nationalized on 19th July, 1969?
B. $ 70 million A. Over Rs. 1000 crore
C. $ 50 million B. Over Rs. 500 crore
D. $ 10 million C. Over Rs. 100 crore

D. Over Rs. 50 crore
4619. Which of the following is the biggest
contributor to the Foreign Reserve of In- 4624. From which year the General Insurance
dia? Council has been constituted under section
A. Gold 64C of the Insurance Act, 1938?
B. Foreign Assets A. 2000
C. SDR B. 2002
D. Reserve Tranche with IMF C. 2001
4620. Which of these is also called as Commit- D. 2004

tee on Capital Account Convertibility? 4625. Which of the following statements is
A. Tarapore Committee true about International Monetary Fund
B. Rangarajan Committee (IMF)?
C. N N Vohra Committee A. It provides ways and means funds to

member countries.
D. Indrajit Committee
B. It is an agency of the World Bank and
4621. PAN is a code that acts as an identifi- is situated in Prague.
cation for individuals, families and corpo- C. It makes all the rules and regulations
rates (Indian and Foreign as well), espe- in relation to the world trade between the
cially those who pay Income Tax. PAN nations.
stands for
D. On becoming its member, countries
A. Permanent Account Number
get finance as temporary balance of pay-
B. Permanent Amount Number ment needs.
C. Permanent Account News
4626. Where was the Oriental Bank of Com-
D. Personal Account Number merce established in India?
4622. India’s capital market regulator SEBI re- A. Lahore
cently ordered which NBFC entity to re- B. Amritsar
fund the money raised from some 5 8.5
million customers through collective invest- C. Karachi
ment schemes (CIS)? D. Dehradoon

504
4627. What does N stands for in NUUP? 4632. In it, a worldwide recognised identifi-
A. Network cation code used at the time of interna-
tional credit transfer between banks and
B. Neutral also when there is an exchange of mes-
C. Net sages between banks.
D. National A. IFSC Code
4628. When the government tries to meet the B. SWIFT Code
NARAYAN CHANGDER
gap of public expenditure and public rev- C. NEFT Code
enue through borrowing from the banking
system, it is called as: D. BIS Code
A. Credit Financing. 4633. “Central To you Since 1911” is the

B. Debt Financing tagline of
C. Deficit Financing. A. Indian Bank
D. Internal Debt. B. Bank of Maharashtra
4629. Factoring is C. Andhra Bank
A. a means of financing traders and man- D. Central Bank of India

ufactures by taking over their receivables
4634. In various Financial News, many times
B. a means of providing post-shipment fi- we have come across a term LITF. What is
nance to exporters the full form of LITF?
C. a type of agriculture financing A. Long Term Irrigation Fund
D. None of these B. Long Term Irrigation Funding
4630. In which among the following year the C. Long Term Investment Fund
Life Insurance sector and Life Insurance
D. Long Timing Irrigation Fund
Corporation came into existence?
A. 1949 4635. The RBI Expert Committee to revise
B. 1935 and strengthen the monetary policy frame-
work is headed by
C. 1951
A. Dr. Urjit R. Patel Committee
D. 1956
B. Suresh Mathur Panel
4631. Union government’s new scheme “Prad-
C. Vijay Kelkar Committee
han Mantri Kisan Samman Nidhi (PM-
KISAN)” which will extend direct income D. Shah Nawaz Committee
support at the rate of Rs per year to
farmers, who own cultivable land up to 2 4636. SEBI is a/n [Indian Overseas Bank
hectares. 2011]
A. Rs 16, 000 A. Advisory body
B. Rs 4, 000 B. Statutory body
C. Rs 10, 000 C. Constitutional body
D. Rs 6, 000 D. Non-statutory body

505
4637. Which one of the following is the major 4642. Where is the Secretariat office of FSB?
component of the money supply in the In- A. Paris, France
dian Economy?

B. New York, USA
A. Currency component
C. Basel, Switzerland
B. Deposit component
D. Nairobi, Kenya
C. Treasury bill with public
D. Both A and B 4643. As we all know, banks in India are re-
quired to maintain a portion of their de-
4638. If a loan is repaid by a cheque, mand and time liabilities with the Reserve
A. Total bank reserves in the system de- Bank of India. This portion is called?
creases. A. statutory liquidity ratio
B. Total bank reserves are not affected. B. cash reserve ratio
C. Increase in total bank reserves in the C. bank deposit
system.
D. reverse repo
D. 1 and 3 both
4644. Market Cost of a product includes
4639. Which of the following Bank has signed
a pact with the Bank of China to boost busi- A. Factor Cost
ness opportunities recently? B. Advertisement Cost
A. ICICI Bank C. Transportation Cost
B. Punjab National Bank D. All of above
C. State Bank of India 4645. Karnataka Bank has raised interest
D. HDFC Bank rates on savings bank account for large
balance above Rs 1 crore to 5% while for
4640. HDFC Bank had announced that the
small balances below Rs 1 lakh, the bank
RBI had approved the re-appointment of
has reduced it to 3% . Where is the cor-
Aditya Puri as MD and CEO of the bank.
porate office of Karnataka Bank-?
Now, he will be serving the bank till
A. Mengaluru
A. 2020
B. Bengaluru
B. 2021
C. Mumbai
C. 2022
D. Chennai
D. 2019
4646. The various means of Electronic Pay-
4641. Insurance Regulatory and Development
ment Systems Includes
Authority
A. is a society registered under the soci- 1. Credit Card
eties Registration Act 2. Debit Card
3. ATM Card
B. is a company registered under the
Companies Act. 1956 A. Only 2
C. is an NGO B. Only 3
D. was constituted by an act of parlia- C. All the above

ment under the IRDA Act. 1999 D. None of these

506
4647. A Maharatna company can invest which 4652. As reported in various newspapers, the
of of the following amounts independently Reserve Bank of India is planning to allow
for a project? more and more banks to function as Local
Area Banks. This will help RBI in the im-
A. Rs 20.000 crore
plementation of which of the following of
B. Rs 12, 000 crore its plans/drives?
C. Rs 10, 000 crore A. Only 1
B. Only 2
NARAYAN CHANGDER
D. Rs 5000 crore
C. Only 3
4648. RBL Bank is one of India’s fastest grow-
ing private sector banks with an expand- D. Only 1 & (2)
ing presence across the country. What is 4653. The BRBNMPL has been registered as
the tagline of RBL Bank? a under the Companies Act 1956.
A. Apno ka Bank A. Public Limited Company
B. Khayal aapka B. Foreign Limited Company
C. Badhti ka naam zindagi C. Private Limited Company
D. Aapka Bhala, Sabki Bhalai D. All of the above
4649. MMID is a digit unique number issued 4654. The Reserve Bank of India (RBI) has
by the bank upon registration. launched “financial literacy week” based
on theme of in Jammu and Kashmir with
A. 7 digits an aim for good practices for safe digital
B. 8 digits banking experience.
C. 9 digits A. money and education
D. 6 digits B. consumer protection

C. how to recover NPA
4650. Exim Bank concentrates on D. konw your rights
A. medium-term financing
4655. The first nationalisation of banks exer-
B. short-term financing cise was done on
C. short and medium-term financing A. 19th June, 1969
D. short and long-term financing B. 19th June, 1970
C. 19th June, 1967
4651. What is termed as Loss Asset?
D. 15th July, 1967
A. sub-standard asset for more than 3
years 4656. How many Payment banks were ap-
proved by RBI in 2015?
B. sub-standard asset for more than 2
years A. 7
C. sub-standard asset for more than 1 B. 11
years C. 41
D. None of the above D. 9

507
4657. As reported in some newspa- erations, including the management of the

pers/magazines, some banks have de- public debt of the Union.
cided to install Biometric ATMs so that

A. section 16
fraudulent withdrawals can be prevented.
Biometric ATMs will be able to do so as it B. section 22
also checks
C. section 32
1. signatures of the card holders.
2. fingerprints of the card holders. D. section 20
3. skin colour of the card holders.
4662. Till when the RBI served as the central
A. Only 1 bank of Pakistan?
B. Only 2 A. August 1947
C. Only 3
B. January 1950
D. Both (2) & (3)
C. June 1948
4658. Which of the following bodies promoted
D. November 1949
Securities Trading Corporation of India Lim-
ited (STCI) jointly with the Public Sector
4663. BNP Paribas is an international banking
Banks?
group. BNP Paribas based in
A. Securities Exchange Board of India
A. South Africa
B. ICICI Ltd
B. USA
C. IDBI Ltd
C. France
D. Canada
4659. Who is the chairperson of NCLAT?
A. Balvinder Singh 4664. Which of the following is an easy way
of providing credit to the farmer commu-
B. Sudhansu Jyoti Mukhopadhaya
nity?
C. Bansi Lal Bhat
D. AIS Cheema
B. Indira Vikas Patra
4660. India’s Foreign Exchange Reserve is
maintained by which of the following in- C. National Saving Certificates
stitutions? D. Loan against gold
A. RBI
4665. Which of the following economic con-
B. NABARD
cepts is categorised on the basis of Current
C. Central Government Account or Capital Account or both?
D. IMF A. Balance of Payments
4661. In terms of Section of the RBI Act B. Value of the food grain stock of a coun-
1934, RBI has the obligation to under- try
take the receipts and payments of the Cen-
C. Gross National Product
tral Government and to carry out the ex-
change, remittance and other banking op- D. Gross National Income(GNI)

508
4666. The names of which of the following C. Proof of address

rates/ratios cannot be seen in financial D. Proof of date of birth
newspapers?
A. Bank Rate 4671. Commercial paper can be issued by
B. Repo Rate A. by all corporates
C. Statutory Liquidity Ratio B. by primary dealers

C. by All-India Financial Institutions
D. Pulse Rate
NARAYAN CHANGDER
D. All of the above
4667. State-owned United Bank of India an-
nounced that the government has decided 4672. The co-operative credit societies have a
to infuse in the bank as part of Rs 28, A. two-tier structure
615 crore capital infusion to be done in
B. three-tier structure
about half a dozen banks.
C. four-tier structure
A. Rs 3, 454 crore
D. five-tier structure
B. Rs 4, 555 crore
C. Rs 2, 159 crore 4673. Which one of the following denomina-
tion of plastic notes is proposed to be in-
D. Rs 5, 654 crore
troduced by RBI?
4668. India and recently held their first A. 5
ever Dialogue on Intellectual Property in B. 10
Delhi to deepen bilateral strategic cooper-
ation on IP policy. C. 20
A. France D. 50
B. Russia 4674. Currency notes deposited in the currency

C. The USA chest are the property of ?
D. China A. Respective bank

B. RBI
4669. What is Retail Banking?
C. SBI
A. where transactions are held with other
banks
B. where transactions are held directly 4675. Which of the following organisations is-
with individuals sues the rules of global trade?
C. where transactions are held with A. World Bank
other big corporations B. World Trade Organisaton
D. All of the above C. Foreign Exchange Dealers Association
4670. PAN card issued by the income tax de- D. Directorate General of Foreign Trade
partment cannot be used for which of the 4676. What does ZED stand for in the context
following purpose? of MSMEs and certification in manufactur-
A. Proof of identity ing?
B. Proof of a registered tax payer A. Zero Defect Zero Effect

509
B. Zero Effect Zero Defect C. Only 3

C. Zero Effectiveness Zero Defectiveness D. All of these

D. Zero Delays Zero Effect
4680. An ETF is an investment fund traded on
4677. The Reserve Bank of India is regularly stock. What is the full form of ETF?
revising upwards the repo and reverse A. Exchange Trading Fund
repo rates. Why is this being resorted to?
B. Exchange Traded Follow
A. To check inflationary pressures in the
C. Exchange Traded Fund
economy
D. Electric Traded Fund
B. To Curb growth of black money
C. To encourage rise in interest rates on 4681. Reserves which can act as a liquidity
deposits. buffer for commercial banks during crisis
times are
D. To make bank loan costiler
A. CAR
4678. As a premier commercial bank in India,
Canara Bank has a distinct track record B. SLR
in the service of the nation for over 111 C. CAR and CRR
years. Canara Bank based in D. CRR and SLR
A. Kolkata
B. Chennai
1. RBI in consultation with Union Gov-
C. Bengaluru
ernment on 1 April 2014 capped the
D. New Delhi Ways and Means Advances (WMA)
limits for the first half of the new
4679. As per the reports in the leading news-
financial year 2014-15 (April 2014-
papers. Securities and Exchange Board of
Sep 2014) at 35000 crore rupees.
India (SEBI) has asked the mutual fund in-
2. The second half of the limit would be
dustry to stop ‘Misselling’ their schemes
fixed in September 201 4.
to investors. What is ‘Misselling’ of prod-
3. This notification of Reserve Bank
ucts?
of India (RBI) is aimed at trigger-
1. Misselling takes place when mutual ing fresh flotation of market loans
funds are sold without telling the when the government utilises 75
likely returns. percent of the WMA limit.
2. When agents sell the products with-
Consider the above statements and choose
out telling investors what are the
the correct option.
risks involved in investing in mutual
funds. A. 1 only
3. When agents invest somebody’s B. 1 and 2 only
money in mutual funds without their
C. 1 and 3 only
knowledge, it is called misselling.
D. 1, 2 and 3
given below: 4683. National Income indicates
A. Only 1 A. The number of families below poverty
B. Only 2 line.

510
B. Goods and Services in Economy B. Rs. 50, 000/

C. Growth of Economy C. Rs. 10, 00, 000/
D. B and C D. Rs. 10, 000/-
4684. Which bank has launched India’s first 4689. Which scheme is available to people in
contact less mobile payment solution-? the age group of 18 to 50 years having
A. ICICI a bank account who give their consent to
join/enable auto-debit?
NARAYAN CHANGDER
C. IndusInd Bank A. PMVVY
D. South Indian Bank B. PMJJBY

C. PMSBY
“White Card”? D. APY
A. It is related to companies producing
4690. The EIB is the European Union’s bank
milk products
and it is the world’s largest multilateral
B. It does not carry on its face, the brand borrower and lender. What is the mean-
of the issuer ing of “I” in EIB?
C. It is meant to covert blank money into A. Investment
the economy
B. International
D. It is a card that provides white money
C. Initially
4686. On how much amount of interest repay- D. Installment
ment, an income tax rebate is available in
India? 4691. African Development Bank is coordinat-
A. 1.5 lakh per annum ing the implementation of an integrated
development strategy for Portuguese-
B. 2 lakh per annum
speaking countries in Africa. In which
C. 3 lakh per annum among the following year African Devel-
D. 2.5 lakh per annum opment Bank was founded?
A. 1984
4687. SBM Group has received Reserve Bank
of India’s approval to operate in the coun- B. 1977
try through a wholly-owned subsidiary
C. 1972
route. SBM Group based in
D. 1963
A. China
B. Japan 4692. The nature of convertibility of the Indian
C. Russia Economy is
D. Mauritius A. Convertibility at capital account

B. Convertibility at trade account
4688. How much Cash pay out can be trans-
ferred in India? C. Free Convertible
A. Rs. 40, 000/ D. Convertibility at current account

511
4693. All PSLCs will expire on 4698. MICR code is used mainly by the bank-
ing industry to ease the processing and
A. 01st October
clearance of cheques and other documents.

B. 01st April MICR stands for
C. 01st March A. Magnetic Indian Character Recogni-
D. 01st January tion
B. Management Ink Character Recogni-
4694. Which of the following in not included in tion
M2?
C. Magnetic Ink Common Recognition
A. Currency and coins
D. Magnetic Ink Character Recognition
B. Corporate bonds held by firms and in-
dividuals 4699. Name the Managing Director & CEO of
Andhra Bank.
C. Demand deposits
A. A Krishnakumar
D. Money market mutual fund shares
B. Kul Bhushan Jain
4695. The services sector is the key driver of
C. A K Rath
India’s economic growth. The sector has
contributed more than per cent of In- D. Suresh N Patel
dia’s Gross Value Added at current price
in Q1 2018-19. 4700. OBOPAY has announced that the com-
pany has secured a license for PPI from
A. 50 per cent RBI to operate a semi-closed loop wallet
B. 60 per cent in the country. What is the meaning of “I”
in PPI?
C. 40 per cent
A. Initial
D. 80 per cent
B. International
4696. Federal Bank Limited is a major In-
C. Installment
dian commercial bank in the private sector
headquartered at D. Instrument
A. Bhopal, Madhya Pradesh 4701. Which of the following do you think is
B. Siliguri, West Bengal the accepted practice for banks?
C. Chennai, Tamil Nadu A. Banks offer higher interest rates to
senior citizens on their fixed deposits as
D. Aluva, Kerala compared to others
4697. Under which act NPCI was incorporated B. Banks charge lesser interest from se-
as a Section 8? nior citizens on their personal loans
A. Banking Regulation Act, 1949 C. Senior citizens can open bank ac-
counts without the need to follow KYC
B. Companies Act 2013
norms
D. Senior citizens are not permitted to
D. Societies Registration Act, 1860 use mobile banking

512
4702. India signed a loan agreement with A. Company’s trustee

Asian Infrastructure Investment Bank
B. Debenture trustee
(AIIB) for the financing of USD 329 mil-
lion for Gujarat Rural Roads Project. AIIB C. Bond trustee
based in-? D. SEBI
A. Japan
4707. Credit cards are known as
B. China
A. hard money
NARAYAN CHANGDER
C. Germany
B. easy money
D. France
C. soft money
4703. UIDAI is a stauatory authority formed
under which of the following? D. plastic money
A. Niti Aayog 4708. Who among the following cannot open

B. Home Ministry ‘No Frill Account’ in a bank?
C. Ministry of Communication and Infor- A. Agricultural labourer
mation Technology B. Student
D. Ministry of Statisctics and Program- C. A small firm selling white goods
mme Implementation
D. Farmer
4704. Prime Minister Narendra Modi launched
a payments bank of the Department 4709. Mutual funds in India are permitted to
of Posts that will take banking to the invest in which of the followings?
doorstep of every citizen through an un- A. Securities
matched network of post offices and al-
most 3 lakh postmen and ‘Grameen Dak B. Securities and Gold
Sewaks’. Who is the Managing Director C. Securities other than Real Estate
& CEO of IPPB?
D. Securities, Gold and Real Estate
A. Suresh Kumar Sethi
B. Anant Narayan Nanda 4710. How much percent of foreign invest-
ment is allowed for NBFC?
C. Pramod Kumar Das
A. 50%
D. Anshuman Sharma
B. 25%
4705. Who introduced the Banking Ombuds-
C. 100%
men Scheme?
D. 0%
A. RBI
B. SBI 4711. Which of the statements given below
C. Ministry of Finance is/are incorrect?
D. NABARD 1. United Stock Exchange is the fourth

country level exchange of India.
4706. Who among the following serves as the 2. It is headquartered at Mumbai.
holder of debenture stock for the benefit 3. It will trade in six foreign currency
of another party? derivatives.

513
A. Only 1 and 2 A. 1 and 2

B. Only 2 and 3 B. 2 and 3

C. Only 1 and 3 C. 1 and 3
D. Only 3 D. 2 and 4
4712. Which Bank has become the first bank in 4716. Private lender YES Bank announced that
India to deploy ‘software robots, that emit has received final regulatory approval
ulate human action, in its over 200 busi- from the to start mutual fund business.
ness processes, thereby reducing the re- A. Finance Ministry
sponse time to customers by up to 60 per-
cent? B. SBI
A. Axis Bank C. SEBI

D. RBI
B. Bank of Baroda
C. State Bank of India 4717. Which of the following schemes is/are
now the part of the National Rural Employ-
D. ICICI Bank
ment Guarantee Act (NREGA)? [Nabard
4713. The main source of National Income of Bank 2009]
India is 1. Pradhan Mantri Gram Sadak Yojana
A. service sector 2. National Food For Work Programme
3. Sampoorna Grameen Rozgar Yojana
B. agriculture
A. Only 1
C. industrial sector
B. Only 2
D. trade sector
C. Both (2) & (3)
4714. National Bank for Agriculture and Rural D. All the above
Development (NABARD) recently reduced
the refinance rates for the banks and other 4718. is a product to provide a person with
lending agencies by 0.20 percent. The an opportunity to build up saving through
NABARD was established on the recom- regular monthly deposits of the fixed sum
mendation of which committee? over a period of time.
A. Narendran Commission A. Fixed Deposit Account
B. Mukherjee Commission B. Savings Bank Account
C. Justice Shah Commission C. Recurring Deposit Account
D. B. Sivaraman Committee D. Current Account
4715. Human Capital refers to 4719. How much fund has been allocated as a
1. The attributes gained by worker national support by the government to all
through education and experience Tuberculosis Patients?
2. Skill, capacity and ability possessed A. 3600 Crore (Rs. 500 per patient)
by the population B. 3000 Crore (Rs. 500 per patient)
3. Material capital possessed by the
human beings C. 1800 Crore (Rs. 500 per patient)
4. Population of the country D. 600 Crore (Rs. 500 per patient)

514
4720. National Housing Bank was set up on A. Promising larger and larger loans for
July 9, 1988 under which among the fol- borrowers in good standing
lowing acts? B. Public repayments
A. National Housing Bank Act, 1985 C. Strong competition between numer-
B. National Housing Bank Act, 1986 ous Micro Credit Programmes to reduce
C. National Housing Bank Act, 1987 interest rates
D. None of the Above D. Starting repayments before invest-
NARAYAN CHANGDER
ments are likely to have borne fruit
4721. CGTMSE stands for
4725. What does the letter ‘F’ denote in the
A. Central Government Fund Trust abbreviated name ‘IIFCL’?
Medium and Small Enterprises
A. Functional
B. Credit Guarantee Fund for Medium En-
terprises B. Foreign
C. Central Government Transfer Fund C. Forwarded
Multispecialty Micro Enterprises D. Finance
D. Credit Guarantee Fund Trust for Micro
and Small Enterprises 4726. The sixth meeting of the UAE-India High
Level Joint Task Force on Investments
4722. The expansion of BIFR, in the context of (’the Joint Task Force’) was recently held
the Indian Industry is: in
A. Board for Industrial and Financial Re- A. Kerala
construction B. Dubai
B. Bureau for Industrial and Financial Re- C. New Delhi
construction
D. Mumbai
C. Board for Investment and Financial Re-
construction 4727. Which of the following is not true about
D. Bureau for Investment and Financial Payments Bank?
Reconstruction A. Payments bank can issue ATM/debit
cards but not credit cards
4723. Financial services platform Paytm has
announced that its wholly-owned sub- B. Payments Bank can give a loan of up to
sidiary, Paytm Money, has received ap- only Rs 1 lakh.
proval of market regulator to become a C. Initial capital required for a Payments
registered investment advisor. Bank is Rs 100 crore
A. SEBI D. Payments Bank must maintain Cash
B. NABARD Reserve Ration (CRR) as decided by RBI.
C. FICCI 4728. Which one of the following is a SelfEm-
D. NHB ployment Programme for Educated Unem-
ployed Youth?
4724. What is not an innovation likely to ex-
plain the high repayment rates of Micro A. Prime Minister’s Rozgar Yojana
Credit Programmes? B. Swarn Jayanti Sahakari Rozgar Yojana

515
C. National Social Assistance Pro- 4734. The early growth of merchant banking
gramme in the country is assigned to the which of
the following?

D. Swarn Jayanti Gram Swarozgar Yojana
A. Foreign Exchange Regulation Act, 1973
4729. India’s Current Account Deficit (CAD)
widened to a four-quarter-high at of B. Securities Contracts Act
gross domestic product (GDP) in April- C. Income-tax Act
June period.
D. FEMA
A. 2.4%
4735. A non-performing asset is [SBI Bank
B. 3.50%
2013]
C. 1.20%
A. Money at call and short notice.
D. 4.60%
B. An asset that ceases to generate in-
4730. Who was the Prime Minister of India come
when Banking Nationalization was done in C. Cash balance in till
1969?
D. Cash balance with RBI
A. Jawahar Lal Nehru
B. Indira Gandhi 4736. Strengthening the Ground water irriga-
tion scheme under Prime Minister Krishi
C. Rajiv Gandhi Sinchai Yojna-Har Khet ko Pani-the Gov-
D. Narsimha Rao ernment allocated how much amount for
this purpose?
4731. POSCO is a company which manufac-
tures A. Rs. 1, 800 crore
A. Cement B. Rs. 5, 700 crore
B. Pharma products C. Rs. 6, 300 crore
C. Sugar D. Rs. 2, 600 crore
D. Steel 4737. The Reserve Bank of India was pro-
4732. In which year, Nationalization of Re- moted a public limited company on January
serve Bank of India was done? 14th 1971, named the CGCI. What was
the meaning of first “C” in CGCI?
A. 1947
A. Common
B. 1948
B. Conclusion
C. 1949
C. Corporation
D. 1950
D. Credit
4733. The RBI has adopted model, in which
mobile banking is promoted through busi- 4738. Fixed deposits and recurring deposits
ness correspondents of banks. are:
A. Bank Led A. repayable after an agreed period
B. Bank Mobile B. repayable on demand
C. Mobile C. not repayable
D. All of these D. repayable after death of depositors

516
4739. The Reverse Mortgage scheme is 4744. Which of the following is an example of
launched to give benefit to which of the NBFCs?
following groups of the society? A. Unit Trust of India
A. Govt employees B. Life Insurance Corporation
B. Senior citizens C. General Insurance Corporation
C. Unemployed youth D. All of the above
D. War widows 4745. The Reserve Bank of India has launched
NARAYAN CHANGDER
Ombudsman Scheme for non-banking fi-
4740. How many types of primary agricultural
nancial companies (NBFCs) for redressal of
credit societies are there in our country?
complaints against them. In which city, the
A. Large-size societies which include Ru- offices of the NBFC ombudsmen will func-
ral Banks, Agricultural Banks and credit tion?
unions
A. Mumbai
B. Service co-operative B. Kolkata
C. Other small size societies C. Chennai
D. None of the above D. All of the above
4741. Which of the following banks launched 4746. Indian Bank is an Indian state-owned
the first mutual fund in India? financial services company established in
1907 and headquartered in
A. Mumbai
B. Canara Bank
B. Kolkata
C. Indian Bank
C. Chennai
D. Bank of India
D. New Delhi
4742. Which section was added in the Banking
4747. With an aim to provide better ser-
regulation Act to include the Cooperative
vices to the debit card holders, the Re-
Banks under its purview?
serve Bank of India (RBI) has directed all
A. Section 61 commercial and public sector banks to in-
B. Section 56 troduce new Automated Teller Machines
(ATM) that can deliver lower denomination
C. Section 35 notes such as?
D. Section 28 A. Rs 10
4743. Which of the following is the situation B. Rs. 20

when the units of a close-ended fund can C. Rs. 50
be bought? D. All of the above
A. At the launch
4748. Which of these cannot be issued by a
B. At any time Payment bank?
C. At redemption A. ATM card
D. Depends upon the fund type. B. Debit card

517
C. Credit card B. 1961

D. All of the above C. 1949

4749. Banks borrow money from the RBI on D. 1969
which of the following rates? [Allahabad
Bank 2011] 4754. A Public Provident Fund (PPF) account
holder can deposit a maximum of
A. Reverse Repo Rate
A. 1.5 Lakhs
B. Repo Rate
C. SLR B. 2.5 Lakhs
D. CRR C. 1.0 Lakh

D. 3.5 Lakhs
4750. ICRA, CRISIL, and Standard and Poor’s
(S & P) are? 4755. TPA is a person or organization that pro-
A. Financial Institutions cesses claims and performs other adminis-
B. NGOs trative services in accordance with a ser-
vice contract, usually in the field of em-
C. NBFCs ployee benefits. What is the full form of
D. Credit Rating Agencies TPA?
4751. Financial literacy programme of RBI is A. Third Party Allowed

meant to promote which of the following? B. Treaty Party Administration
A. For better understanding of banking C. Third Panel Administration
produts and services
D. Third Party Administration
B. It is meant to stop money laundering
C. For enabling compliance with KYC 4756. Expand the term CCEA as used in admin-
norms istrative circles.
D. All of the above A. Cabinet Committee on External Affairs
4752. The main objects of IBAI are to pro- B. Cabinet Committee on Economic Af-
mote interaction among the Insurance/Re- fairs
insurance Broker members. IBAI stands C. Cabinet Council on External Affairs
for
D. Cabinet Council on Economic Affairs
A. Insurance Banking Association of In-
dia 4757. Which of the following section of the
B. Insurance Brokers Assembly of India RBI Act empowers the Central Govern-
ment to consult and give instructions to
C. Insurance Brokers Agency of India
the Governor of the RBI to act on certain
D. Insurance Brokers Association of In- issues?
dia
A. Section 370
4753. Agriculture Insurance Company of India
B. Section 1-B
Limited was incorporated under the Indian
Companies Act C. Section 7
A. 1956 D. Section 9

518
4758. Loan and Advances of a bank come un- C. Sell Insurance Products
der which of the following category? D. All of the above
A. Assets
4764. Reserve Bank of India was setup on the
B. Liabilities recommendations of which of the follow-
C. Deposits ing commission/committee?
D. All of the Above A. Royal Commission
B. Hilton Young Commission
NARAYAN CHANGDER
4759. Many times, we read a term ‘ISO’.
What is the full form of the same? C. Dantwala Committee
A. International Social Organisation D. D R Mehta Commission
B. Insurance and Social Obligations
4765. As per the rarget for the 11th Five Year
C. International Space Organisation Plan, educated unemployment is to be re-
D. International Standards Organisation duced to which of the following levels?
[Corporation Bank 2011]
4760. Which of amongst the following is not A. 9%
the aim of Debt Management?
B. 6%
A. Stabilizing prices
C. 7%
B. Social service fund
D. 0.05
C. Proper timing & issuing of government
bonds 4766. Usha Ananthasubramanian is present
D. Cost effective services MD and CEO of which Bank?
A. Oriental Bank of Commerce
4761. What is the full form of REER?
B. Allahabad Bank
A. Real Earning Emergent Ratio
C. Canara Bank
B. Real Elective Effective Ratio
D. Punjab and Sindh Bank
C. Real Effective Exchange Rate
D. Role Effective Earned Rate 4767. MTSS stands for
A. Money Transfer Service Send
4762. Structure of Basel II is based on how
many pillars? [Indian Overseas Bank B. Money Transfer Service Scheme
2011] C. Money Transfer Service Solutions
A. Two D. Money Transfer System Scheme
B. Ten
4768. Mukesh Kumar Jain has been appointed
C. Four as Managing Director & Chief Executive
D. Three Officer of
4763. Which of the following operations are A. Oriental Bank of Commerce

undertaken by Small Finance Banks? B. Allahabad Bank
A. Accepting Deposits C. Canara Bank
B. Disbursing small loans D. Punjab and Sindh Bank

519
4769. An originator in India is allowed to re- 4774. Consider the following statements and
mit a maximum of remittances in a year identify the right ones. i. Deposits are cre-
under the Nepal Remittance Scheme. ated by banks and financial institutions. Ii.

They constitute the major source of money
A. 42
supply in India.
B. 10
A. I only
C. 24 B. II only
D. 12 C. Both
4770. On 19th July 1969, 14 banks were na- D. none

tionalized, these banks had deposits of 4775. The headquarters of Pension Fund
more than Regulatory and Development Authority
A. Rs 25 crore (PFRDA) is
B. Rs 50 crore A. Mumbai
C. Rs 85 crore B. Hyderabad
C. New Delhi
D. Rs 100 crore
D. Bangalore
4771. Which apex body regulates insurance
companies in India? 4776. Banks in India are required to maintain
a portion of their demand and time liabili-
A. RBI ties with the Reserve Bank of India. This
B. IRDAI portion is called [SBI Bank 2013]
C. PERDA A. Statutory Liquidity Ratio
D. SEBI B. Cash Reserve Ratio

C. Bank Deposit
4772. Which of the following is not a Features D. Reserve Repo
and Benefits of RuPay Card?
A. Earn Cashback time after time 4777. Which of the following is not a part of
India’s Money Market?
B. 24 × 7 Concierge Services
A. Money Lenders
C. Complimentary Lounge Access B. Indian Gold Council
Program-Domestic & International
C. Bill Markets
D. Not any Comprehensive Insurance
Cover D. Banks
4778. Govt of India has created a special fund

4773. Facebook has listed its shares on which
called India Micro Finance Equity Fund of
stock exchange?
Rs. 100 crores. The fund is maintained by
A. NYSE A. IDBI Bank
B. NASDAQ B. RBI
C. NSE C. ECGC
D. BSE D. SIDBI

520
4779. What is NOT true with regard to ‘Car- A. Only 1 & 2

bon Credit’? B. Only 2 & 3
A. It represents the right of an Industry C. Only 1 & 3
to emit certain quantity of Carbon Dioxide.
D. Only 1
B. Carbon Credits mechanism was for-
malized in Kyoto Protocol. 4784. On the basis of an assessment of the
C. Carbon Credits are currently traded on current and evolving macroeconomic situa-
tion, MPC has decided to keep the policy
NARAYAN CHANGDER
5 exchanges across the globe.
repo rate unchanged. MPC stands for
D. None of the above.
A. Money Policy Committee
4780. Insurance firm AIA Group Ltd has de-
B. Management Policy Committee
cided to increase its stake in Tata AIA Life
Insurance Co Ltd, a joint venture owned by C. Monetary Product Committee
Tata Sons Ltd and AIA Group from 26 per D. Monetary Policy Committee
cent to per cent.
A. 51 percent 4785. Which of the following is called “paper
gold”?
B. 100 percent
A. Euro
C. 74 percent
B. Dollar
D. 49 percent
C. Yuan
4781. In which among the following years D. SDR
NPCI was incorporated
A. December 2008 4786. Rivigo, a homegrown logistics start-up
that owns as well as acts as an aggregator
B. January 2006 of trucks, is tying up with YES Bank, IDFC,
C. April 2010 and 10 other financial institutions to make
cheaper funds available to truck owners
D. July 2012
and operators on its platform. The funds
4782. The private lender ICICI has will be available at an interest rate of
appointed as managing director and A. 2-3 percent per month
chief executive officer for five years.
B. 1-2 percent per month
A. Arundhati Bhattacharya
C. 3-4 percent per month
B. Rana Kapoor
D. 4-5 percent per month
C. Rajnish Kumar
4787. Which one of the following is not a
D. Sandeep Bakhshi
Quantitative credit control measure of the
4783. Which of the following is/are various Reserve Bank of India?
components/channels of the monetary pol- A. Bank rate
icy of the RBI?
B. Statutory cash reserve requirement
1. Altering money supply
2. credit availability C. Statutory liquidity ratio
3. Influencing exchange rates D. Moral Suasion

521
4788. Which is the first credit information com- 4793. Leading stock exchange NSE has signed
pany in India? a pact with the government to provide
access to capital to MSMEs, which will fuel

A. CIBIL
the growth of such entities in the state.
B. CARE
A. Himachal Pradesh
C. Experian
B. Uttarakhand
D. ICRA
C. Sikkim
4789. In bank’s parlance, credit risk in lending D. Assam
is
A. default of the banker to maintain CRR 4794. in partnership with Visa launched In-
dia’s first co-branded e-commerce credit
B. default of the banker to maintain SLR card
C. default of the banker to release credit
A. Flipkart and ICICI Bank
to the customer
B. Snapdeal and ICICI Bank
D. default of the customer to repay the
loan C. Flipkart and HDFC Bank
D. Snapdeal and HDFC Bank
4790. Which of the following is NOT a function
of a bank?
4795. In which year, the first bank of India
A. Providing project finance “Bank of Hindustan” was established?
B. Selling Mutual Funds A. 1870
C. Deciding policy rates like CRR, Repo B. 1770
Rate/SLR etc
C. 1795
D. Settlement of payments of behalf of
D. 1880
the customers
4791. Refinance facility is provided by 4796. Which of the following does not form a
NABARD. Which institutions can avail this part of the foreign exchange reserves of
facility? India?
A. State cooperative banks A. Foreign currency & securities held by

the banks & corporate bodies
B. Regional rural banks
B. Gold
C. Commercial bank
C. SDR
D. All of the above
D. Foreign currency assets
4792. Which among the following is the first
universal bank of India? 4797. The branding line of Bank of Baroda is
A. HDFC A. International Bank of India
B. Axis Bank B. India’s International Bank
C. ICICI C. India’s Multinational Bank
D. Federal Bank D. World’s local Bank

522
4798. Under the Liberalised Remittance D. United Nations World Food Pro-
Scheme, Authorised Dealers may freely gramme
allow remittances by resident individuals
4802. National Housing Bank is wholly owned
up to USD per Financial Year for any
by which of the following institutions?
permitted current or capital account trans-
action or a combination of both. A. RBI
A. USD 3, 00, 000 B. SEBI
B. USD 3, 50, 000 C. SBI
NARAYAN CHANGDER
C. USD 2, 00, 000
D. USD 2, 50, 000 4803. Which of the following is/are the objec-
tive(s) of our monetary policy?
4799. The Central Statistics Office is a govern- 1. To anchor inflation expectations
mental agency in India under the Ministry 2. To actively manage liquidity
of Statistics and Programme Implementa- 3. To maintain interest rate regime con-
tion responsible for co-ordination of sta- sistent with price output and finan-
tistical activities in India, and evolving and cial stability
maintaining statistical standards. It has a
well-equipped Graphical Unit. The CSO is A. Only 1
located in B. All the above
A. Chennai C. Both 1 and 2
B. Bengaluru D. Only 2
C. Mumbai 4804. Where is the Corporate Office of Hous-
ing and Urban Development Corporation
D. New Delhi
(HUDCO) Limited?
4800. Many banks are presently recruiting A. Chennai
large numbers of business correspondents B. Kolkata
in terms of RBI instructions for financial in-
clusion. Which of the following is not eligi- C. Pune
ble to be appointed as business correspon- D. New Delhi
dent?
4805. In which year did second phase of na-
A. Bank staff member tionalization of banks took place?
B. Kirana stores A. 1969
C. Retired teachers B. 1979
D. Ex-servicemen C. 1980
D. 1990
4801. The Global Hunger Index is compiled by
the 4806. Which of the following institutions issue
A. Food and Agricultural Organisation the Special Drawing Rights?
A. IMF
B. United Nations Development Pro-
gramme B. World Bank
C. International Food Policy Research In- C. RBI
stitute D. BIS

523
4807. Financial inclusion means which of the 4812. What is the interest rate for the Rabi
following? Food & Oilseeds crops in Pradhan Mantri
A. retail banking Fasal Bima Yojana (PMFBY)?

B. bringing all poor people under banking A. 2.00%
net B. 1.5%
C. financial statements C. 5.00%
D. wholesale banking
D. 3.50%
4808. Which one is not a finance company?
4813. Which bank launched India’s first loan
A. Hire-purchase finance company disbursement card?
B. Mutual Benefit finance companies A. SBI
C. IRDA
B. UTI
D. Loan companies
C. IDBI
4809. Which of the following enacted a re- D. ICICI
vised regulatory framework regarding
CIC? 4814. Corporation Bank is a public-sector
A. MFI banking company headquartered in
B. SEBI A. Manglore
C. RBI B. Bengaluru
D. None of the above C. Chennai
4810. , who represents the interests of the D. Hyderabad
insured in searching for insurance cover-
age at the lowest cost and highest benefit 4815. What is meant by “Underwriting”, the
to the insured. term frequently used in financial sector?
[Punjab & Sindh 2011]
A. Cashier
B. Broker A. Undervaluation of the assets
C. Agent B. The act of taking on a risk for a fee

D. Customer C. Giving a Guarantee that a loan will not
become a bad loan
4811. Bandhan Bank Ltd. is an Indian banking
and financial services company. Bandhan, D. The act of permission to float an IPO
which started as a micro-finance company
4816. In which year the Royal Commission on
in 2001, received banking licence by Re-
Indian Currency and Finance recommended
serve Bank of India in 2014. It is based
the creation of a central bank for India?
in
A. Mumbai A. 1926
B. Bengaluru B. 1927
C. Chennai C. 1928
D. Kolkata D. 1929

524
4817. Packirisamy is appointed as MD and 4822. Whenever some people wish to enter
CEO of into the business world, it is a must for
A. Central Bank of India them to approach a bank. What services
do banks provide them in this regard?
B. Andhra Bank
C. Dena Bank 1. Banks act as payment agents by
operating current accounts, paying
D. Syndicate Bank
cheques and receiving payments for
4818. The Basic Banking Services of a Bank them.
NARAYAN CHANGDER
include/includes 2. Maintaining account books for them
for their day-to-day activities so
1. Services relating to deposit accounts
that they are not required to appoint
2. Remittance facilities
account/finance personnel on a reg-
3. Collection facilities.
ular basis.
A. Only 1 3. Lending money by way of overdraft,
B. All the above instalment loan, credit or advance
C. Only 2 for business activities
D. Only 3 A. Only 1
4819. According to the latest World Develop- B. Only 2
ment Indicators (WDI) data, public spend-
ing on health and education in India is C. Only 3
percent of country’s GDP. Fill the blank D. Only 1 & (3)
with correct option?
A. 8.5 4823. The effect of a crossing a cheque is
B. 4.7
A. The payee can obtain payment only
C. 7 through a bank account
D. 8.9
B. The payee Is compelled to open an ac-
4820. “Where Service Is A Way Of Life” is the count
tagline of
C. The payee will have to endorse the
A. Oriental Bank of Commerce cheque to a bank
B. Punjab & Sind Bank
D. None of these
D. Punjab National Bank 4824. ECB can be raised under Track-II for the
4821. Which Bank has signed an MoU with general corporate purpose (including work-
Kathmandu-based National Banking Insti- ing capital). The minimum average matu-
tute (NBI) for the development of human rity period will be
resources of the latter? A. 05 years
A. SBI
B. 10 years
B. PNB
C. BOB C. 15 years
D. RBI D. 20 years

525
4825. In Basic Savings Bank Deposit Account C. GNP of India

(BSBDA) account how many times one can
D. GDP of London
withdraw money?

A. six 4830. Where was the first printing press for
bank notes setup in India?
B. two
C. five A. Bhopal
D. four B. Pune
C. New Delhi
4826. BRBNMPL is a wholly owned subsidiary
of RBI which prints banknotes (Indian ru- D. Nasik
pees) for the RBI. BRBNMPL stands for
4831. Who has appointed as whole-time direc-
A. Bharatiya Reserve Bank Note Mudran tor and chief operating officer (COO) of
Private Limited ICICI Bank recently?
B. Bharatiya Reserve Bank National Mu-
A. B Sriram
dran Private Limited
B. Sandeep Bakhshi
C. Bharatiya Reserve Bank Note Mudran
Public Limited C. Arjit Basu
D. Bharatiya Reserve Bank Note Medium D. Inder Jit Singh
Private Limited
4832. RTGS stands for
4827. What amount of Gold RBI needs to main-
tain under the Minimum Reserve System? A. Real Time Gross Settlement
A. Rs 150 crore B. Real type General scheme
B. Rs 200 crore C. Real Type gross settlement system

C. Rs 115 crore D. Real time Gross system
D. Rs 100 crore 4833. Who is present MD and CEO of Alla-
habad Bank?
4828. Which Bank has tied up with Small
Industries Development Bank of India A. Satish Kumar Gupta
(SIDBI) to launch a Rs200 crore fund
B. Usha Ananthasubramanian
for providing loans to micro, small and
medium enterprises (MSMEs) recently? C. Sanjeev Nautiyal
A. AU Small Finance Bank D. SS Mallikarjuna Rao
4834. Small loans provided by the Banks to
C. ICICI Bank very poor families without any collateral
D. India Post Payments Bank security is popularly known as
A. Personal finance
4829. If an Indian Citizen renting a flat in Lon-
don it is to be included in . B. Project finance
A. GDP of India C. Macro finance
B. GNP of London D. Micro finance

526
4835. Indian Banking Regulation Act was 4840. The European Union regulators have
passed in the year slapped Alphabet-owned Google with a
A. 1989 record antitrust fine for abusing the
dominance of its Android mobile operating
B. 1968 system.
C. 1949 A. $ 5 billion
D. 1948 B. $ 2 billion
C. $ 10 billion
NARAYAN CHANGDER
4836. Prime Minister Narendra Modi has
announced financial assistance to D. $ 7 billion
Bhutan for its 12th five-year plan.
4841. Interest below which a bank is not ex-
A. Rs. 3, 500 crore pected to lend to customers is known as
B. Rs. 5, 500 crore .
C. Rs. 9, 500 crore A. Deposit Rate
D. Rs. 4, 500 crore B. Base Rate
C. Prime Lending Rate
4837. What is the repayment period for the
Home loan for a NRI? D. Bank Rate
A. 30 Years 4842. In pension plans for employees, special
B. 40 Years account through which funds are remained
nontaxable until employee retires is clas-
C. 60 Years sified as?
D. 65 Years A. Keogh retirement account
4838. Which of the following happened to be B. vesting account
the first private bank in India to receive an C. portability account
in-principle approval from RBI?
D. individual retirement account
A. HDFC Bank
4843. Which of the following is not the cur-
B. ICICI Bank
rency included in the SDR basket?
C. Yes Bank
A. Japanese Yen
D. United Western Bank B. U.S. Dollar
4839. The Government of has launched C. Chinese Yuan
the Atal-AmritAbhiyan health insurance D. Brazil Real
scheme, which would offer comprehen-
sive coverage for six disease groups to 4844. The back bone of Indian economy is/are
the below-poverty-line (BPL) and above 1. Industry
poverty line (APL) families, with annual in- 2. Agriculture
come below Rs 500, 000 (US$ 7, 500). 3. Export
A. Uttar Pradesh A. Only 1
B. Assam B. Only 2
C. West Bengal C. 1 and 3
D. Bihar D. All the above

527
4845. What is the upper age limit for Pradhan C. It can grant loan to State Government
Mantri Jeevan Jyoti Bima Yojana renew- of a country
able insurance scheme?

D. It grants loan only to member nations
A. 55 years
4850. Forced saving refers to
B. 60 years
A. Taxes on individual income & wealth
C. 65 years
D. 50 years B. Compulsory deposits imposed on in-
come tax payers
4846. All commercial banks including branches C. Provident fund contributions of private
of foreign banks functioning in India, local sector employees
area banks and regional rural banks are in-
sured by the DICGC. What is the full form D. Reduction of consumption consequent
of DICGC? to a rise in prices
A. Deposit Insurance and Credit Guaran- 4851. One of the key factors that provide im-
tee Company petus to strong growth is Interest Rates.
B. Deposit Insurance and Credit Guaran- How do interest rates contribute to the
tee Corporation growth of economy, particularly when
these are lowered down?
C. Direct Insurance and Credit Guaran-
tee Corporation 1. It gives corporations the opportu-
D. Direct Insurance and Credit Guaran- nity to prepay high-cost debts and
tee Company replace them with fresh funds raised
at lower rates.
4847. Interest on Government securities on 2. Banks use this opportunity to maxi-
fixed basis is known as mize profits on their treasury oper-
A. Bank rate ations and these excess profits are
used to clean their Balance Sheets by
B. Coupon making higher provisions for NPAs
C. Prime Lending Rate or sticky loans.
D. Bench mark PLR 3. The Govt also gets benefited as it
can borrow funds from open market
4848. The Reserve Bank of India has released at low interest rates and bridge its
the issue of the Financial Stability Re- fiscal deficit.
port (FSR). A. Only 1
A. 17th B. Only 2
B. 16th
C. Only 3
C. 18th
D. None of these
D. 20th
4852. The Reserve Bank of India has report-
4849. Which one of the following statements edly rejected HDFC Bank’s plea to declas-
is true regarding IMF? sify its parent Housing Development Fi-
A. It is not an agency of UNO nance Corporation Limited (HDFC) as a FII.
B. It can grant loan to any country of the FII stands for-?
world A. Foreign International Investor

528
B. Foreign Institutional Investor C. Electronic modes

C. Foreign Institutional Institution D. All of the above
D. Foreign Initial Investor 4858. The Union Budget for 1995-96 pro-
4853. Opening of maximum number of ATMs posed the creation of RIDF in NABARD,
is an example of with a corpus of Rs. 2, 000 cr. What is
the full form of RIDF?
A. indirect marketing
A. Rural India Decoration Forum
NARAYAN CHANGDER
B. direct marketing
B. Research and Industrial Development
C. social marketing Forum
D. All of these C. Rural Infrastructure Development
Fund
4854. In which of the following a credit facil-
ity is provided by the bank to an entity for D. Research and Industrial Development
a specific purpose, to be repayable after a Fund
short duration?
4859. Bank of Maharashtra is a major public
A. Advances sector bank in India. Bank of Maharashtra
B. Loans based in
C. Security A. Aurangabad
D. Liabilities B. Mumbai
C. Nashik
4855. Money market is a market for debt se-
curities that pay off in the short term D. Pune
A. Usually less than two years. 4860. In case of FCNR (2) Scheme, the period
B. Usually less than three years. for fixed deposits is
C. Usually less than one year. A. as applicable to resident accounts
D. Usually less than five years. B. for terms not less than 1 year and not
more than 5 years
4856. The government gave its go-ahead to C. for terms not less than 2 years and not
the Reserve Bank of India to issue Rs 200 more than 6 years
notes that will ease pressure on lower-
denomination currency bills recently. Who D. at the discretion of the bank
is the present Governor of RBI?
4861. BOND-I is given by which institution?
A. HK Bhanwala
A. IMF
B. Raghuram Rajan B. RBI
C. Urjit Patel C. ADB
D. Ajay Tyagi D. World Bank
4857. Which of these payment modes can be 4862. The Reserve Bank of India issued guide-
used for payment over BBPS? lines for operating ETPs to transact in eli-
A. Cash gible instruments. ETPs stand for
B. Transfer Cheques A. Electronic Ticket Platforms

529
B. Essential Trading Plus D. 470 million Nepali rupees

C. Electronic Timely Platforms 4867. The Banking Ombudsman Scheme is in-

D. Electronic Trading Platforms troduced by RBI with effect from
4863. Which of the following groups represent A. 1991
key industries? B. 1995
1. Crude oil and electricity C. 1990
2. Petroleum refining and finished
D. 2002
steel
3. Cement and coal 4868. NPA is a loan or an advance where?
A. Only 1 A. the instalment of principal or interest
B. Only 2 there on remains overdue for one crop
season for long duration crops.
C. Only 1 and 2
B. the account remains ‘out of order’
D. Only 3
in respect of an Overdraft/Cash Credit
4864. What is not a mechanisms that con- (OD/CC).
tributes to the success of micro credits? C. the instalment of principal or interest
A. Dynamic incentives there on remains overdue for two crop
B. Peer monitoring seasons for short duration crops.
C. Regular repayment schedules D. All of the above
D. Collaterals 4869. Which Organisation has begun a series

of Development Dialogues to engage ex-
4865. The Government has decided to make perts, thought leaders and government
the PMJDY an open-ended scheme and stakeholders across key avenues of long-
added more incentives to encourage peo- term social and economic development re-
ple to open bank accounts. The Finance cently?
Minister Arun Jaitley stated that the over-
draft facility has been doubled from Rs. 5, A. FICCI
000 to under the Yojana. B. NABARD
A. Rs. 8, 000 C. RBI
B. Rs. 20, 000 D. NITI Aayog
C. Rs. 7, 000
4870. At which place, East India Company es-
D. Rs. 10, 000 tablished its first presidency bank?
4866. The Government of India has A. Madras
released grant for Terai roads project B. Calcutta
in Nepal to maintain fund liquidity for the
C. Bombay
ongoing construction of 14 road packages
under Postal Highway Project. D. Surat
A. 560 million Nepali rupees 4871. Which of the following activities cannot
B. 260 million Nepali rupees be undertaken by a Payments Bank?
C. 330 million Nepali rupees A. Accept Deposits

530
B. Payment of Utility Bills B. M2 and M3

C. Lending Money C. M3 and M4
D. None of the above D. M1 and M2
4872. Coins upto what amount are called 4877. Kisan credit cards or KCC are an effec-
RS.small coins’ in India? tive way of reaching out to the farmers
A. 25 paise by the banks. What assistance does the
farmer receive in this way?
NARAYAN CHANGDER
B. 50 paise
A. Credit facility for crops etc. against an
C. 1 rupee approved limit
D. 2 rupee B. Short term credit facility against value
of his crops
4873. Scheduled bank means a bank
C. Long term credit is provided against
A. incorporated under the Companies Act,
his land holdings
1956
D. Loan is permissible against crops sold
B. authorised to transact government
but payment yet to be received by the
business
farmer
C. governed by the Banking Regulation
Act, 1949 4878. What is the maximum balance that can
be retained in NSC?
D. included in the Second Schedule to the
Reserve Bank of India Act, 1934 A. No Limit
B. INR. 1 lakh
4874. Which score is considered as the maxi-
mum credit score in India? C. INR. 15 lakh
A. 345 D. INR. 5 lakh
B. 750 4879. Which of the following is most similar
C. 900 to a stock broker?
D. 700 A. Floor broker
4875. The most significant feature of ICICI’s B. Futures commission merchant

operations is C. Local
A. the foreign currency loans sanctioned D. Pit trader
by it
4880. What is the effort of IBA?
B. to channelise World Bank Funds to in-
dustry in India and to build capital market A. Assist and provide common services to
in India members.
C. the refinance facilities extended by it B. Promote sound and progressive bank-
ing principles and practices.
D. Both A and B
C. Coordinate and co-operate on pro-
4876. Which among the following are known cedural, legal, technical, administration,
as Narrow Money? professional matters.
A. M1 and M2 D. All of the above

531
4881. When did the Banking Regulation Act 4886. National Food Security Mission was
come into effect? launched in the year

A. 16th March 1949 A. 2005-06
B. 10th March 1949 B. 2006-07
C. 12th March 1950 C. 2007-08
D. 6th March 1950 D. 2008-09
4882. CTS is a cheque clearing system under-
4887. Sun Life Financial Inc plans to increase
taken by the Reserve Bank of India (RBI)
its stake from 26 per cent to 49 per cent in
for faster clearing of cheques. What is the
Birla Sun Life Insurance Co Ltd, a joint ven-
meaning of “T” in CTS?
ture with Aditya Birla Nuvo Ltd, through
A. Truncation buying of shares worth Rs 1, 664 crore
B. Transfer (US$ 244.14 million). Sun Life Financial
Inc based in
C. Travel
A. USA
D. Ticket
B. Germany
4883. Digital wallet company Paytm has
launched ‘Paytm Money’ app for mutual C. Japan
fund investments. The Paytm Money plat- D. Canada
form will be offering systematic invest-
ment plans (SIPs), starting at how much 4888. Non-bank entities must have net worth
rupees per month? of at least how much to be eligible for op-
erating white label ATMs:
A. Rs 300
B. Rs 400 A. Rs. 100 cr.
C. Rs 200 B. Rs. 200 cr.

D. Rs 100 C. Rs. 300 cr.
D. Rs. 400 cr.
4884. Microsoft and Walmart are teaming up
for a strategic partnership that will take 4889. The party who pays for loss in an insur-
on rival Amazon in both technology and re- ance arrangement is called?
tail. Walmart is based in
A. Premium
A. France
B. Agent
B. Brazil
C. Broker
C. Germany
D. Insurer
D. America
4885. What is the total No. of PSEs companies 4890. What is the minimum paid-up capital re-
listed in Navratna status? quirements for Small Finance Banks?
A. 9 A. Rs 100 crore
B. 10 B. Rs 200 crore
C. 16 C. Rs 50 crore
D. 12 D. Rs 10 crore

532
4891. In the recent Union Budget 2014-15, 4896. HDFC Life is a long-term life insurance
Agriculture University will be set up in? provider, offering individual and group in-
surance. HDFC Life based in
A. Haryana & Punjab
A. Bengaluru
B. Uttar Pradesh & Bihar
B. Chennai
C. Gujarat & Maharashtra
C. Kolkata
D. Andhra Pradesh & Rajasthan
D. Mumbai
NARAYAN CHANGDER
4892. Name the Bank, which has entered into
4897. The main function of commercial bank
MoU with POORTI Agri Services Pvt. Ltd
can be segregated into
to enable the farmers to purchase agricul-
tural inputs such as fertilizers, pesticides, 1. payment system.
seeds etc. provided by POORTI. 2. financial intermediation.
3. financial services.
B. Bank of Baroda given below
C. Punjab National Bank A. 1, 2 and 3
D. HDFC Bank B. 1 and 3
4893. Why were Banks nationalised in India? C. 1 and 2

D. 2 and 3
A. To borrow money from USA
B. To follow the IMF guidelines 4898. Which among the following defines a
non performing asset?
C. To provide the government of India
more control of credit delivery A. In a loan account, the principal due has
not been paid for more than ninety days
D. All of the above
B. In a loan account, the interest due has
4894. A bank normally does not have to deal not been paid for more than ninety days
with an issue related to [Indian Bank C. Both A and B
2010]
D. Assets that have not been commented
A. payments and settlement systems upon by the bank auditors
B. contractual rights of creditors 4899. Which country has launched the world’s
C. intellectual property rights first Sovereign Blue Bond, a financial in-
strument designed to support sustainable
D. cases of insolvency
marine and fisheries projects?
4895. Who is the present MD and CEO of ICICI A. Kenya
Bank? B. Botswana
A. Vishakha Mulye C. Seychelles
B. Sandeep Bakhshi D. Sri Lanka
C. Girish Chandra Chaturvedi
4900. How much amount is available to one ac-
D. Neelam Dhawan count holder of Pradhan Mantri Jan Dhan

533
Yojana per household after six months of C. Berlin

satisfactory conduct of the account? D. London

A. Rs 5, 000
4906. Which of the following terms is not used
B. Rs 10, 000
in banking world?
C. Rs 2, 000
A. Credit
D. Rs 15, 000
B. Rate
4901. Insurance of means insurance of C. Financial status
buildings, machinery, stocks etc against
D. Absolute zero
Fire and Allied Perils, Burglary Risks and
so on. 4907. Reverse mortgage loans are meant to
A. wealth provide liquidity for the senior citizens.
Which of the following is a proper descrip-
B. demand
tion of this facility?
C. property
A. Banks make either monthly payments
D. capital or a lump sum payment to the senior citi-
zen
4902. The beneficiaries of Micro finance busi-
ness are B. The senior citizen has to surrender the
property after 15 years
A. Land Less labour
C. The legal heirs cannot repay the loan
B. Marginal farmers
amount in case of death of the senior citi-
C. Vendors in the small markets zen
D. All the above D. All of the above
4903. Regional Rural Banks are classified un- 4908. Stagflation refers to
der
A. High inflation in periods of full employ-
A. Land Developments Banks ment
B. Co-operative Banks B. High deflation in periods of high unem-
C. Commercial Banks ployment
D. Public Sector Banks C. Deflation in periods of stagnant em-
ployment
4904. Who is the chairman of the board of AU
Small Finance Bank? D. High inflation in periods of high unem-
ployment
A. Ganeshan Neelakanta Iyer
B. Sher Bahadur Deuba 4909. is the written insurance contract that
may include all clauses, riders and endorse-
C. K G Karmakar ments.
D. Mannil Venugopalan A. Pooling
4905. Where is the Head Office of EBRD? B. Peril
A. Rome C. Premium
B. Vienna D. Policy

534
4910. The web platform PAISA has been de- D. the bank which only lends loans and
signed and developed by which of the fol- not accepts any deposits from the public
lowing banks?
4915. In a bid to prevent the possibility
A. Allahabad Bank of manipulation in the prices of secu-
B. UCO Bank rities, especially government securities
(G-Secs), has changed the methodology
C. ICICI
used by debt market players, including
D. HDFC banks and primary dealers, for their val-
NARAYAN CHANGDER
uation.
4911. Under which act the banks, which are
desirous of operating as BBPOUs, need to A. Ministry of Finance
get the approval? B. Ministry of Corporate Affairs
A. Banking & Regulation Act 1949 C. Securities and Exchange Board of In-
B. RBI Act 1934 dia
C. Payments & settlement System Act,
2007 4916. FRBM Act stands for:
D. None of the above A. Fiscal Revenue and Budget Manage-
ment
4912. The Budget Revised Estimates for ex-
penditure in 2017-18 are (net of GST B. Foreign Revenue and Business Man-
compensation transfers to the States) as agement
against the Budget Estimates of Rs.21.47 C. Fiscal Responsibility and Budget Man-
lakh crore. agement
A. Rs. 21.57 lakh crore D. Foreign Responsibility and Budget
Management
B. Rs. 21.67 lakh crore
C. Rs. 21.77 lakh crore 4917. Many a time we read in newspapers
about ‘Financial Inclusion’. What does it
D. Rs. 21.87 lakh crore
really mean?
4913. What does S stands for in SFMS in rela- 1. Allow the merger and acquisition of
tion to NEFT payment method? banks so that only few big banks ex-
A. Statutory ist and continue to cater to the need
of corporate sector.
B. Systematic 2. Expanding the network of banks in
C. Structured such a way that people from lower
D. Savings strata of society also get the benefit
of services provided by banks.
4914. Narrow banking means 3. Providing insurance cover to each
and every citizen so that he/she can
A. The bank branch which has narrow cor-
live a healthy and long life.
ridors
A. Only 1
B. the bank situated in narrow street
B. Only 2
C. the bank which accepts deposits and
invests the amount in government securi- C. Only 3
ties D. Both 1 & 2

535
4918. Bank Rate is 4923. All the subscribers would receive the
guaranteed minimum monthly pension of
A. Rate at which commercial banks bor-
Rs. 1, 000 or Rs. 2, 000 or Rs. 3, 000

row long term funds from central Bank.
or Rs. 4, 000 or Rs. 5, 000 at the age
B. Rate at which commercial banks bor- of years under Atal Pension Yojana.
row short term funds from central bank.
A. 70 years
C. Currently Bank rate is 8.5% B. 50 years
D. Both A and C C. 40 years
4919. Canara Bank is one of the largest public- D. 60 years
sector banks owned by the Government of
4924. In which of the following accounts, you
India. What is the tagline of Canara Bank?
do not get interest?
A. A Tradition of Trust
A. Savings account
B. Empowering Women, Empowering In- B. Current account
dia
C. Both 1 and 2
C. Where Service Is A Way Of Life
D. Together we can
4925. The Telecom Regulatory Authority of In-
4920. Which of the following rates/ratios is dia (TRAI) is a statutory body set up by
not covered under the RBI monetary and the Government of India under section 3
credit policy? of the Telecom Regulatory Authority of In-
dia Act, 1997. TRAI was founded on
A. Bank rate
A. 20th February 1996
B. Exchange rate of foreign currencies
C. Repo rate
C. 20th February 1995
D. Reverse repo rate
D. 20th February 1992
4921. Currency swap is an instrument to
4926. Which of the following bill is regard-
manage
ing timely delivery of information & doc-
A. Interest Rate Risk uments like birth & death certificates &
B. Currency Risk revenue records to people & empowering
them to file complaints against delays?
C. Cash flows in different countries
A. Jan Lokpal Bill
D. All of the Above
B. Janhit Guarantee Bill
4922. Which of the following is most liquid C. Right to Education
measure of money supply in India? D. Jansewa Guarantee Bill
A. M2
4927. What is the Minimum Amount for open-
B. M4 ing of account in NSC?
C. M1 A. INR. 100/
D. M3 B. INR. 200/

536
C. INR. 300/ C. Repo market

D. INR. 400/- D. Commercial bill market
4928. What is the meaning of “D” in SIDBI? 4933. Which Indian firm is entering a strate-
gic investment partnership with Den Net-
A. Distance
works Limited and Hathway Cable and
B. Derivatives Datacom Limited?
C. District A. Adani Industries
NARAYAN CHANGDER
D. Development B. Infosys
4929. According to data furnished by the Re- C. TCS
serve Bank of India, between 2015 and D. Reliance Industries
2017, which of the following bank has
penalized the highest number of employ- 4934. The number of patents granted by India
ees for defrauding bank assets in the last shot up by in 2017, keeping up a trend
three years? of steep increases, according to the UN’s
World Intellectual Property Organisation
A. ICICI Bank
(WIPO).
A. 60%
C. Punjab National Bank B. 40%
D. HDFC Bank C. 50%
4930. The Reserve Bank of India has initiated D. 70%
PCA for Dena Bank in view of high net non-
performing assets and negative return on 4935. Reserve Bank has stated that inter-
assets. PCA stands for est subsidy scheme on short-term crop
loans of up to lakh rupees will be imple-
A. Prompt Collection Action mented through the Direct Benefit Trans-
B. Prompt Corrective Agency fer (DBT) mode from the current financial
year.
C. Prompt Corrective Action
A. nine lakh
D. Prompt Corrective Association
B. five lakh
4931. What is the number of digits in IFSC
C. six lakh
Code?
D. three lakh
A. 11
B. 15 4936. Expand the term BCBS.
C. 9 A. Bank’s Committee on Banking Supervi-
sion
D. 7
B. Basel Committee on Banking Supervi-
4932. Any change in flow of funds and the de- sion
mand of them, is clearly reflected in which C. Bank’s Commission on Banking Super-
of the following? vision
A. Call money market D. Basel Commission on Banking Supervi-
B. Money market sion

537
4937. Which of these banks was earlier C. 90 days

known as UTI Bank? D. 365 days

A. IndusInd Bank
4942. As perthe reports in the leading news-
B. YES bank papers the Securities & Exchange Board of
C. ICICI Bank India (SEBI) has asked the Mutual Fund in-
D. Axis Bank dustry to stop .Misselling. their schemes
to investors. What is .Misselling. of prod-
4938. What are the Pre-Payment charges ucts?
applied on paying personal loan before 1. Misselling takes place when mutual
tenure period. funds are sold without telling the
A. 10% of the Principal likely returns.
B. 5% of the Principal 2. When agents sell the products with-
out telling investors what are the
C. 1-2% of the Principal risks involved in investing in mutual
D. 7% of the Principal funds
3. When agents invest somebody’s
4939. Which of the following schemes is/are money in mutual funds without their
now the part of the National Rural Employ- knowledge, it is called misselling.
ment Guarantee Act (NREGA)? ]
A. Only 1
1. pardhan mantra gram sadak yojna
B. Only 2
2. national food for work programme
3. sampooran grameen rojgar yojna C. Only 3
A. Only 1 D. None of these
B. Only 2 4943. Mutual funds fall within supervisory
C. Both (2) & (3) purview of
D. All the above A. SBI
B. RBI
4940. PRAN, which is the unique and portable
number provided to each subscriber un- C. SEBI
der NPS and remains with him throughout. D. IRDA
What is the full form of PRAN?
A. Personal Retirement Account Number 4944. Foreign bank means a bank
B. Permanent Retirement Account Num- 1. That has been incorporated outside

ber India
2. That has its 51% or more branches
C. Permanent Rental Account Number outside India
D. Permanent Retirement Amount Num- 3. Whose more than 51% equity capi-
ber tal is owned by foreigner.
4941. What is the time period for a term loan A. Only 1

to be classified as NPA? B. 1 and 2
A. 30 days C. 2 and 3
B. 60 days D. All the above

538
4945. Liberalized Exchange Rate Management A. Asian Infrastructure Investment Bank

System (LERMS) is effective from which of (AIIB)
the following dates?
B. Organization of the Petroleum Export-
A. June 1, 1993 ing Countries (OPEC)
B. March1, 1993 C. Asian Development Bank (ADB)
C. April1, 1993
D. International Development Associa-
D. July 1, 1993 tion (IDA)
NARAYAN CHANGDER
4946. We know that RBI is the apex bank of
4951. Till what amount are deposits of public
India. Similarly the apex Bank of the USA
in NBFCs insured?
is:
A. Federal Reserve Bank A. Rs. 1 lakh
B. The Central Bank of USA B. Rs. 50, 000/
C. Bank of America C. Not insured
D. Central National Bank of USA D. Rs. 10, 000
4947. Cash kept in the currency chest is owned
by 4952. Which one of the following factors is
taken into account to calculate the Balance
A. Currency Chest branch bank of Payment (BoP) of a country?
A. Current account
C. Central Government
B. Changes in the foreign exchange
C. Errors and omissions
4948. Which among the following accounts de-
posit fetch the highest rate of interest? D. All of these
A. Savings deposit
4953. Banking sector comes under which sec-
B. Recurring deposit tor?
C. Fixed deposit A. Services sector
D. Current account deposit
B. Manufacturing sector
4949. The chief economic advisor to the Gov- C. Realty sector
ernment of India has recently changed.
Who is the present incumbent? D. Industrial sector
A. Raghurm Rajan
4954. is a voluntary market body for the
B. Bimal Jalan bond, money and derivatives markets.
C. Rakesh Mohan
A. RBI
D. Kaushik Basu
B. SEBI
4950. Name the agency, which is an agency
C. IRDAI
to provide ‘soft-loans’ to developing coun-
tries? D. FIMMDA

539
4955. Regional Rural Banks (RRBs) were es- C. State Government

tablished in 1975 under the provisions of D. Parliament
the Ordinance promulgated on the 26th

September 1975 and followed by which 4960. The arrangement under which banks sell
act? insurance products acting as the agents of
A. Companies Act, 1956 the respective companies is called the
B. RRBs Act, 1976 A. Insurance joint venture
C. RBI Act, 1935 B. Bancassurance Model
D. Banking Regulation Act, 1949 C. Hybrid Insurance Model
D. Insurance Broking
4956. Which of the following means ‘indorse-
ment in blank’ of an instrumentnder sec- 4961. What does FSDC stand for?
tion 16 of the Negotiable Instrument Act?
A. Financial Security and Development
A. where the indorser does not write any- Council
thing on the instrument
B. Financial Stability and Development
B. where the indorser writes his name Council
only on the instrument
C. where the indorser writes the name of cil
the person who is directed to pay
D. Fiscal Stability and Development Coun-
D. none of the above cil
4957. Which of the following Act provides pro- 4962. What are the complaints that are enter-
visions for the regulation of credit informa- tained by the Insurance Ombudsman?
tion companies?
A. Delay in settlement of claims, be-
A. Companies Act, 1956 yond the time specified in the regulations,
B. Credit Information (Companies Regu- framed under the Insurance Regulatory
lation Act, 2005) and Development Authority of India Act,
C. Information Technology Act, 2000 1999
D. Banking Regulation Act, 1949 B. Any partial or total repudiation of

claims by the life insurer, General insurer
4958. The one-rupee note bears the signature or the Health insurer
of C. Disputes over premium paid or
A. RBI Governor payable in terms of insurance policy
B. Deputy Governor D. All of the above
C. Finance Secretary 4963. has been set up for exchange of
D. Finance Minister credit information among its members?
A. DICGCI
4959. Who among the following is the primary
regulator of Banking business? B. CIBIL
A. Reserve Bank of India C. ECGL
B. Central Government D. EXIM Bank

540
4964. Which committee proposed to raise the B. World Bank

compulsory insurance of bank deposits up
C. RBI
to 5 Lakhs?
A. Aravind Mayaram D. UNCTAD
B. Usha Thorat 4969. Which one of the following items is not

C. Damodaran included in the current account of India’s
balance of payments?
D. Syamala Gopinath
NARAYAN CHANGDER
A. Short-term commercial borrowings
4965. Where is the headquarter of AU Small
Finance Bank? B. Non-monetary gold movements
A. Jalandhar, Punjab C. Investment income
B. Ahmedabad, Gujarat D. Transfer payments
C. Guwahati, Assam
4970. Woori Bank is a bank headquartered in
D. Jaipur, Rajasthan
A. Berlin
4966. Indian Commercial Banks are catego-
B. Seaol
rized into
A. Public sector Banks C. Beijing
B. Foreign Banks D. Tokyo

C. Private Sector Banks
4971. How are minors encouraged to save
D. All of the above money by banks?
4967. Recent initiatives for financial inclusion A. By opening account in the name of mi-
in India include nor
1. ‘no frill’ account for retail purpose. B. By allowing savings account to minors
2. simplified KYC (Know Your Cus- under guardianship
tomer).
C. By allowing them to come to the bank
3. Credit Counselling Credit (CCC) facil-
for depositing money
ities.
4. extension of smart cards. D. By going to schools
4972. National Investment and Infrastructure
given below:
Fund (NIIF) has partnered with DP World
A. 1 and 2 to create an investment platform for
B. 2 and 3 ports, terminals, transportation and logis-
tics businesses in India. Where is the cor-
C. 3 and 4
porate headquarters of NIIF?
D. All of these
A. Hyderabad
4968. Which one of the following institutions B. New Delhi
publish the report of ‘World Economic Out-
look’? C. Mumbai
A. IMF D. Bengaluru

541
4973. Name the Bank, which has gone past C. Indian Bank
Russia’s Sberbank to become the most D. Punjab National Bank
valuable bank in the emerging market out-

side China. 4978. What is ‘STT’?
A. Bank of Baroda A. Standard Transaction Tax
B. HDFC Bank B. Securities Transaction tax
C. Securities Transfer tax
D. Axis Bank
D. Standard Transfer tax
4974. Under the APY, guaranteed minimum
pension of Rs. 1, 000/-, 2, 000/-, 3, 4979. Which of these committees reviewed
000/-, 4, 000 and 5, 000/-per month the financial position of all RRBs in 2010
will be given at the age of years de- and recommended for recapitalization?
pending on the contributions by the sub- A. Rangarajan committee
scribers.
B. Sukhmoy committee
A. 58 years
C. K.C Tyagi committee
B. 60 years
D. Chakrabarty Committee
C. 65 years
D. 62 years 4980. Which was the first RRB to be set up in
the Eastern Region of India?
4975. A ‘Debit Card’ is issued by a bank to
A. Odisha Gramin Bank
A. all customers of a bank
B. Gour Gramin Bank
B. all customers having Savings bank ac-
count with a bank C. Serampore Gramin Bank
C. all customers having the loan account D. Assam Gramin Bank
with a bank
4981. In Negotiable Instruments Act, the Bill
D. a bank customer who is income tax as- of Exchange is covered under which sec-
sesses tion?
4976. Prime Minister Narendra Modi has un- A. Section 4
veiled the new scheme Pradhan Mantri B. Section 6
Fasal Bima Yojana (PMFBY) on
C. Section 13
A. 13th January 2015
D. Section 5
B. 13th January 2013
C. 13th January 2016 4982. A foreign bank is one
D. 13th January 2017 A. whose most of the branches are situ-
ated outside India
4977. The Reserve Bank of India has imposed
a fine of Rs 1 crore on for violating cy- B. in which atleast 40% equity shares are
ber security norms recently. held by non-resident Indians
A. State Bank of India C. which is incorporated outside India
B. Bank of Baroda D. All of the above

542
4983. The main business of banks is to accept D. 60 days

deposits from the public. However, a bank
4987. Goods and Services Tax (GST) would re-
can refuse to permit opening an account on
place which of the following taxes levied
behalf of :
at present?
A. Undesirable persons
A. Income tax
B. Artificial persons
B. Corporate tax
C. Arrested persons
C. Capital gains tax
NARAYAN CHANGDER
D. Convicted persons D. Value added tax (VAT)
4984. Consider the following statements: 4988. A is an order issued by the Post Of-
1. The RBI has announced the ‘Depos- fice for the payment of a sum of money
itor Education and Awareness Fund to the person whose name the money or-
Scheme, 2014’. der is sent through the agency of the Post
2. The Depositor Education and Aware- Office.
ness Fund Scheme will utilize un- A. coin order
claimed bank deposits for education
B. saving order
and awareness of depositor.
3. The scheme will be funded by centre C. cheque order
for depositor ‘s education. D. money order
Which among the above is/are correct 4989. What does the letter V denotes in the
statements? term VAT as used in banking world?
A. 1, 2 & 3 A. Valuable
B. 2 & 3 B. Various
C. 1, & 2 only C. Vendor
D. One of the above D. Value
4985. SIDBI has celebrated its foundation day 4990. Which was the first Cooperative Bank
on 02nd April as the day of Sampark established in India?
(connect), Sanwad (interaction), Suraksha A. Bharat Co-operative Bank Limited
(security) and Sampreshan (disseminate).
B. Kangra Central Co-operative Bank Lim-
A. 1990 ited
B. 1992 C. Anyonya Co-operative Bank Limited
C. 1988 D. Abhyudaya Co-operative Bank
D. 1982
4991. What is a stale cheque?
4986. NPA is a loan or an advance where inter- A. A cheque issued without drawer’s sig-
est and/or installment of principal remain nature
overdue for a period of more than days
B. A cheque with only signature of the
in respect of a term loan.
drawer
A. 100 days C. A cheque which has completed six
B. 30 days months from its date of issue
C. 90 days D. A six months’ post dated cheque

543
4992. The Deposit Insurance Corporation (DIC) 4996. Which of the following holds majority
Bill was introduced in the Parliament on stake in NABARD?
August 21, 1961. After it was passed by

A. RBI
the Parliament, the Bill got the assent of
the President on December 7, 1961, and B. Government Of India
the Deposit Insurance Act, 1961 came into C. IRDAI
force on January 01st
D. SEBI
A. 1962
B. 1975 4997. What is the meaning of “E” in AEPS?
C. 1956 A. Enabled
D. 1949 B. Enquiry
C. Equity
is/are TRUE about the activities of the D. Essential
NABARD?
4998. is India’s largest Wide Area Net-
1. NABARD has the responsibility to in- work.
spect RRBs and Cooperative Banks.
A. RBINET
2. NABARD maintains Research and
Development Fund to promote re- B. NICNET
search in agriculture and rural devel- C. INET
opment.
3. NABARD is a wing of the Planning D. Bank Net
Commission of India.
4999. As we all know that Reserve Bank of In-
A. Only 1 dia manages the circulation of currency. In
B. Only 2 this context which of the following decides
the currency denomination value?
C. Both 1 & 2
A. Planning Commission
D. Only 3
B. Reserve Bank of India Itself
4994. The Banking Ombudsman charge how
much fee for filing and resolving cus-
tomers’ complaints? D. Finance Commission
A. No Fee 5000. Insurance service provided by various
B. Rs. 100 banks is commonly known as
C. Rs. 200 A. Investment Banking
D. Rs. 500 B. Risk Management
4995. A type of economy that still uses vari- C. Merchant Banking
ous means of social support, is called D. Bancassurance
A. Capitalist Economy
5001. Which section of RBI is not correctly
B. Mixed Economy matched?
C. Socialist Economy A. Section 26-describes the legal tender
D. Traditional Economy character of Indian bank notes.

544
B. Section 18-manner in which RBI can 5006. Interest on Savings deposit nowadays
conduct business is [SBI Bank 2013]
C. Both A and B A. Fixed by RBI
D. None B. Fixed by the respective Banks
5002. The World Bank has committed loan C. Fixed by the Depositors
to India for the STRIVE project for skill de- D. Fixed as per the contract between
velopment. Bank and the Consumer Court
NARAYAN CHANGDER
A. Rs 800 crore 5007. Finance Minister Arun Jaitley during his
B. Rs 1300 crore budget speech (2018-19) stated that ‘the
C. Rs 2300 crore measures have started showing results
and a recent study has shown that lakh
D. Rs 3800 crore
formal jobs will be created this year.
5003. With which bank did Sangli Bank merge A. 90 lakh
in 2006?
B. 30 lakh
A. ICICI Bank
C. 50 lakh
B. HDFC Bank
D. 70 lakh
C. Axis Bank
5008. Which of the following is an employ-
D. SBI
mentcreating programme of the Govt of In-
5004. In pursuance of the recommendations of dia?
Narsimhan Committee, the RBI has framed A. MNREGA
new guidelines
B. Bharat Nirman
A. to govern entry of new private sector
banks to make the banking sector more C. Kalpana-I
competitive D. ASHA
B. to reduce the freedom given to banks 5009. To further Broadband access in villages,
to rationalize their existing branch net- the Government has proposed to set
work up wifi hotspots to provide net connec-
C. to set up more foreign exchange banks tivity to five crore rural citizens.
D. to lend more easily for industrial devel- A. five lakh
opment B. two lakh
5005. What is ‘Net Interest Margin’ of a C. four lakh
Bank? D. six lakh
A. Margin of Interest earned on Trading
in Govt Securities 5010. Which one of the following agencies is
not included in the operation of the Kisan
B. Difference between the Base Interest Credit Cards?
Rate and the Average Lending Rate
A. Scheduled Commercial Banks
C. Difference between the interest in-
come and the amount of interest paid out B. Co-operative Banks
D. Difference between Interest on Term C. Regional Rural Banks
Loans and Interest on Cash Credits D. NABARD

545
5011. Scheduled commercial bank can take eq- 5016. Which of the following is NOT a for-
uity stake in a payments bank to the ex- eign bank working in India? [Vijaya Bank
tent permitted under Section 19 (2) of the 2008]

A. Indian Societies Registration Act, 1860 A. HSBC
B. Banking Regulation Act, 1949 B. Barclays
C. Reserve Bank of India Act, 1934 C. Standard Chartered
D. Companies Act, 1956 D. Yes Bank
5017. Which of the following statements is in-

5012. Where is the Corporate Office of Insur-
correct regarding a minor?
ance Brokers Association of India?
A. A minor is a person who has not at-
A. Gurugram
tained the gas of 18
B. Pune
B. Minor does not have legal capacity to
C. New Delhi enter into a contract
D. Mumbai C. A current account in the name of mi-
nor can be opened when guardian of the
5013. Mortgage is a: minor operates this account
A. Security on movable property for a D. A minor’s account should never be al-
loan lowed to be overdrawn
B. Security on immovable property for a 5018. Which of the following is the benefit of
loan credit-rating to investors?
C. Concession on immovable property A. Safeguard against bankruptcy
D. Facility on immovable property B. Saving of resources
5014. Which of the following is true about Co- C. Credibility of issues
operative Banks? D. All of the above
A. They are established under the Coop- 5019. What do we call the guarantee given by
erative Societies Act the bank for a payment when the buyer
B. They have profit as their main motive is not able to pay the required amount of
money to the seller?
C. All are scheduled banks
A. Letter of Credit
D. All of the above
B. Bank Guarantee
5015. The opening of branches by banks C. Bill of Lading
is governed by the provisions of
Section of the Banking Regulation Act, D. None of the above
1949. 5020. offers cover for third party liabilities
A. Section 44 (Bodily Injury /Property Damage) arising
out of the premises and operations of the
B. Section 18
Insured and legal costs incurred in connec-
C. Section 27 tion therewith.
D. Section 23 A. Public Liability Insurance

546
B. Negotiated Dealing System A. Institutions

C. Trade Related Investment Measures B. Depository
D. Board for Industrial and Financial Re- C. Instrument
construction
5021. Which of the following commissions
setup by the President of India decides the 5026. What does the letter P denote in the
distribution of tax incomes between the term ‘PAN’, which is issued by the Income
NARAYAN CHANGDER
Central and State Governments? Tax Department?
A. Central Law Commission A. Provisional
B. Pay Commission for Government Em- B. Private
ployees C. Personal
C. Administrative Reforms Commission
D. Permanent
D. Finance Commission
5027. HDFC ERGO General Insurance Company
5022. India has signed a$ 950 million contract has announced the launch of?Trip Protec-
with Russia for two upgraded class tor’ insurance policy recently. Where is
stealth frigates. the Headquarters of HDFC ERGO General
A. Krivak III Insurance Company?
B. Sovetskogo Soyuza A. New Delhi
C. Kirov II B. Chennai
D. Admiral Grigorovich C. Mumbai
5023. Which Organisation has approved a D. Pune
USD250 million loan to improve irrigation
services and management accountability in 5028. Name the India-born Harvard Univer-
Indonesia recently? sity professor who has been appointed as
the Chief Economist of the International
A. IMF
Monetary Fund (IMF) by IMF’s Managing
B. ADB Director Christine Lagarde.
C. SEBI A. Gita Gopinath
D. AIIB B. Mridula Sinha
5024. Minimum amount that can be invested in C. Roopam Shah
Kisan Vikas Patra(KVP) Certificate is
D. Garima Seth
A. Rs.100
B. Rs.200 5029. Which of the following terms is not used
in Economics?
C. Rs.500
A. Balance of Payment
D. Rs.1000
B. Call Money
5025. Which of the following is defined as a
C. National Debt
central location for keeping securities on
deposit? D. Boyle’s Law

547
5030. Money Laundering refers to 5035. As we have noticed many banks of In-
A. Conversion of assets into cash dian origin are opening offices/branches in
foreign countries. Why is this trend emerg-

B. Conversion of money which is illegally ing at a very fast pace?
obtained
1. These Banks wish to provide bank-
C. Conversion of cash into gold ing facilities to foreigners as bank-
D. Conversion of gold into cash ing facilities are not plenty in many
foreign countries. India wants to
5031. Which Union Budget had first proposed take an advantage of the situation.
the setting up of PDMA? 2. These banks wish to help Indian
A. Budget 2011-12 firms to acquire funds at internation-
B. Budget 2012-13 ally competitive rates.
3. These banks wish to promote trade
C. Budget 2013-14 and investment between India and
D. Budget 2014-15 other countries.
A. Only 1
5032. The Asian Development Bank (ADB) and
the Government of lndia signed a$ 346 B. Only 2
million loan to finance improvement of C. Only 3
over 400 kilometers of state highways
that will enhance connectivity and access D. Only 2 and 3
to economic centers across 12 districts in 5036. On which one of the following issues
A. Karnataka has IMF supported monetary policy of In-
B. West Bengal dia?
C. Rajasthan A. Introduction of GST
D. Maharashtra B. Stimulus for agriculture sector
C. Concessions for foreign investment
5033. Frames regulations for the insurance in-
dustry in terms of Section of the Insur- D. Tightening of monetary policy
ance Act 1938 from the year 2000 has reg-
5037. Which organisation has withdrew the
istered new insurance companies in accor-
20% limit on investments by FPIs in cor-
dance with regulations.
porate bonds of an entity with a view
A. section 124C to encourage more foreign investments re-
B. section 194B cently?
C. section 114A A. IRDAI
D. section 127E B. SEBI
C. RBI
5034. Who was the head of review committee
on underwriting rules and regulation? D. TRAI
A. Shri Vallabh Bhansali 5038. Which of the following does not have
B. C. Rangarajan savings account?
C. Urjit Patel A. NRE Account
D. Nandan Nilekani B. NRO Account

548
C. FCNR(B) Account B. subsidiaries of the sponsor banks

D. Both (A) and C C. subsidiaries of NABARD
5039. Citibank is the consumer division of D. All of the above

financial services multinational Citigroup. 5044. What is LRS a2?
Citibank based in
A. LRS Modulation
A. Edinburgh
B. LRS activation
B. Madrid
NARAYAN CHANGDER
C. LRS Declaration
C. London
D. New York
5045. The UAN is prearranged to each mem-
5040. How much disinvestment target has
ber of Employee Provident Fund, EPF. UAN
been set for Financial Year 2018-19?
stands for
A. Rs.72, 500 crore
A. Universal Account New
B. Rs.50, 000 crore
B. Universal Amount Number
C. Rs.70, 000 crore
C. Unique Account Number
D. Rs.80, 000 crore
D. Universal Account Number
5041. The CGRA is the unrealized gain/loss in
5046. There are only four eligible categories of
the value of gold and foreign exchange RBI
PSLCs i.e. PSLC General, PSLC Small and
holds based on movements in their value
Marginal Farmer, PSLC Agriculture & PSLC
which is not considered in the income ac-
Micro Enterprises. PSLC stands for-?
count but taken as a balance-sheet item.
What is the full form of CGRA? A. Public Sector Lending Certificates
A. Currency and Gold Revaluation B. Priority Sector Lending Certificates
Amount C. Priority System Lending Certificates
B. Currency and Gold Registration Ac- D. Priority Service Lending Certificates
count
C. Current and Gold Revaluation Account 5047. Who has been appointed as managing
director and chief executive officer of the
D. Currency and Gold Revaluation Ac- Corporation Bank?
count
A. Raman Chandra
5042. The Foreign exchange of India is kept B. Sanjay Mitra
with
C. PV Bharathi
A. SBI
D. BP Pathak
B. ECGC
C. RBI 5048. Meghalaya government has signed two
MoUs with the as a part of an initia-
D. NABARD tive towards migrating government trans-
5043. Regional Rural Banks (RRBs) are classi- actions to digital mode.
fied as A. Bank of Maharashtra
A. scheduled commercial banks B. Indian Bank

549
C. Bank of Baroda 5053. Which Bank/organization has an-

D. State Bank of India nounced that it will provide a USD 500
million credit facility to Economic Commu-

5049. Banking Ombudsman Scheme is applica- nity of West African States (ECOWAS)
ble to the business of to fund various development projects in
western-south Africa?
A. all scheduled commercial banks ex-
cluding RRBs A. Export-Import Bank
B. all scheduled commercial banks includ- B. National Bank for Agriculture and Ru-
ing RRBs ral Development
C. only public sector banks C. Small Industries Development Bank of
D. all banking companies India
D. National Housing Bank
5050. Banks usually collect penal rate of inter-
est on for the premature withdrawal of
5054. In which year, CIBIL Limited (formerly
fixed deposits?
Credit Information Bureau (India) Limited)
A. Principal was incorporated based on recommenda-
B. Rate of interest tions made by the RBI Siddiqui Commit-
tee?
C. Minimum deposit amount
A. 2002
D. Maturity amount
B. 2000
5051. Name the insurance that is insurance of
C. 2001
buildings, machinery, stocks etc against
Fire and Allied Perils, Burglary Risks and D. 2004
so on.
A. Health Insurance 5055. Per capita income is obtained by divid-
ing National Income by
B. Property Insurance
A. total population of the country
C. Motor Insurance
B. total working population
D. Life Insurance
C. area of the country
5052. Debt restructuring is often mentioned
when discussing about banks’ credit port- D. volume of the capital used
folio. What does it suggest?
5056. Insurance regulator IRDAI has raised
A. The loan portfolio of banks is classified the minimum insurance cover for owner-
according to the amount of each loan driver to for a premium of Rs. 750 per
B. Irregular loan accounts are assisted annum, a move to provide some succour to
to regularize with modification in terms road accident victims.
and conditions of the loan sanction A. Rs 50 lakh
C. Asset classification into performing
B. Rs 05 lakh
and non performing accounts
C. Rs 25 lakh
D. Substandard loan accounts are given
further loans D. Rs 15 lakh

550
5057. What is the Banking combining banking 5062. IRDAI stands for
and consultancy services called as?
A. Insurance Regulatory and Develop-
A. Unit Banking ment Authority of India
B. Merchant Banking B. Insurance Regulatory and Develop-
C. Narrow Banking ment Agency of India
D. Wholesale Banking C. Insurance Regulatory and Develop-
ment Association of India
NARAYAN CHANGDER
5058. A Bill of Exchange in which a bank or-
D. Insurance Regulatory and Develop-
ders its branch or another bank, as the
ment Assembly of India
case may be, to pay a specified amount
to a specified person or to the order of the 5063. The term ‘moral suasion’ refers to
specified person is called
A. the moral duty of a borrower to deal
A. cheque with only one bank
B. bankdraft
B. the banker’s duty of secrecy as re-
C. promissory note gards the affairs and accounts of his cus-
D. insurance tomers
C. the advice was given by Reserve Bank
5059. Whenever RBI does some Open Market to banks/financial institutions in the mat-
Operation transactions, actually it wishes ter of their lending land other operations
to main regulate which of the following? with the objective that they might imple-
A. Inflation only ment or follow it
B. Liquidity in economy D. All of the above
C. Borrowing powers of the banks
5064. India was one of the first in Asia to rec-
D. Flow of foreign direct investments ognize the effectiveness of the EPZ model
in promoting exports. EPZ stands for
5060. Which of these committees in 1945 rec-
ommended the setting up of a Cooperative A. Export Point Zone
Training College in every state? B. External Processing Zone
A. Saraiya Committee C. Export Production Zone
B. Machalan Committee D. Export Processing Zone
C. Narsimaham Committee
5065. SMERA has been registered under which
D. Rajagopalachari Committee
of the following Acts?
5061. Which of the following agencies was set A. Securities and Exchange Board of In-
up to promote new technological inputs in dia Act, 1992
rural sector?
B. Reserve Bank of India Act, 1934
A. CAPART
B. HUDCO
C. SIDBI dia (Credit Rating Agencies) Regulations,
D. IDBI 1999

551
5066. The Reserve Bank of India has initiated C. Drawer

PCA on Bank of Maharashtra placing a re- D. Endorse
striction on the banking activities. What

is the meaning of “A” in PCA? 5071. India and Canada were signed to estab-
A. Against lish bilateral cooperation activities in the
field of IPRs. IPRs stands for
B. Assets
A. Intellectual Property Region
C. Association
B. Intellectual Product Rights
D. Action
C. International Property Rights
5067. Which of the following is the manage-
D. Intellectual Property Rights
ment of securities of the corporate sector
offered to the public on a regular basis? 5072. Basel Norms are related with further
A. Corporate Issues Management strengthening and performance of
B. Public Issues Management A. Public sector manufacturing units
C. Securities Issues Management B. Banking industry
D. Private Issues Management C. Educational institutes
D. Hotels
5068. The Reserve Bank of India recently an-
nounced its decision to reduce the num- 5073. Which of the following is the largest
ber of mandated free transactions for sav- bank in the world in terms of market capi-
ings bank account holders at other bank talization?
ATMs located in six metro cities from five
A. China Construction Bank
to three per month. This reduction would
come into effect from which date? B. Industrial & Commercial Bank of China
A. 1 October 2014 C. Wells Fargo & Co
B. 25 October 2014 D. Bank of America
C. 1 November 2014 5074. Bancassurance is [Corporation Bank
D. 1 December 2014 2011]
5069. NBFCs are required to accept public de- A. an insurance scheme to insure bank
posit for a maximum period of how many deposits
months? B. an insurance scheme exclusively for
A. 36 months the employees of banks
B. 60 months C. a composite finacial service offering

both banking and insurance products
C. 48 months
D. None of these
D. 120 months
5075. Indian online payments firm BillDesk-
5070. Alterations, if any, on cheques are re- owned Hatio Innovations has launched
quired to be authenticated by the signa- cryptocurrency exchange ‘Coinome’ in In-
ture of dia offering trading of Bitcoin and Bitcoin
A. Payee Cash. BillDesk based in
B. Depositor A. Hyderabad

552
B. Chennai 5080. External Commercial Borrowings is a

C. Kolkata part of
D. Mumbai A. Balance of Payment

B. Balance of Trade
5076. The currency notes are issued by the Re-
serve Bank of India under the signature of C. Current Account
A. Executive Director D. Capital Account
NARAYAN CHANGDER
B. Deputy Governor 5081. Amongst the currency quotes USD/JPY,
C. Governor USD/Euro and USD/CAD, which one of the
following is referred as the base currency
D. Secretary
for quotes?
5077. Bank rate means A. USD
A. the rate of interest charged by com- B. JPY
mercial banks on advances
C. Euro
B. the rate at which commercial banks
D. CAD
discount bills of exchange for their clients
C. the rate of interest allowed by banks 5082. account is opened by the investor
on the deposits while registering with an investment bro-
D. the standard rate at which the Reserve ker.
Bank of India is prepared to buy or redis- A. Fixed Deposit Account
count bills of exchange other commercial
B. Savings Bank Account
paper eligible for purchase under the Re-
serve Bank of India Act, 1934 C. Recurring Account
D. Demat Account
5078. is basically charged when a person
uses a credit card to obtain cash. 5083. Which of the following provides a uni-
A. Early Repayment Charge fied “Kisan Card” issued by banks across
the country under Kisan Credit Card, en-
B. Redemption Fee
abling farmers to transact business on
C. Transaction Fee ATMs and POS terminals?
D. Cash Advance Fee A. RuPay Card
5079. India Post Payments Bank (IPPB) was B. Maestro Card
setup under the Department of Posts, Min- C. Forex Card
istry of Communication with 100% eq-
uity owned by Government of India. How D. None of The Above
many Post Offices across urban and rural
5084. RBI revised the upwards housing loan
India, activated as banking access points?
limits under Priority Sector Lending. The
A. 5700 existing family income limit of Rs 2 lakh
B. 3250 per annum for availing of the loans for
housing projects for Economically Weaker
C. 650 Sections (EWS) and Low Income Groups
D. 1200 (LIG) now stands revised to Rs lakh per

553
annum and Rs lakh per annum, respec- 5089. National Stock Exchange of India (NSE)
tively. has announced the launch of its “e-
Gsec” platform for facilitating the non-

A. 3 lakh and 6 lakh
competitive bidding in Government of In-
B. 4 lakh and 7 lakh dia Dated Securities (G-Sec) and Treasury
C. 6 lakh and 8 lakh Bills (T-Bills). Where is the Corporate Of-
fice of NSE?
D. 7 lakh and 5 lakh
A. New Delhi
5085. According to the Department of Indus- B. Mumbai
trial Policy and Promotion data, Foreign
C. Pune
Direct Investment, FDI in India rose what
percent to 12.8 billion dollars during the D. Kolkata
April to June quarter of this fiscal? 5090. Which of the following is the largest
A. 20% Housing Finance Company in India?
B. 18% A. SBI
C. 23% B. HDFC
D. 28% C. HUDCO
D. IHFL
5086. How many payments banks have ac-
tually started operations since RBI has 5091. Loan disbursed by an NBFC-MFI to
granted the in-principle approval? a borrower with a rural household an-
nual income should not exceed how much
A. 3 amount?
B. 5 A. Rs. 1, 00, 000
C. 9 B. Rs. 2, 00, 000
D. 6 C. Rs. 4, 00, 000
D. Rs. 3, 00, 000
5087. In a company, the use of price-sensitive
corporate information by the company peo- 5092. Which of the following is not considered
ple to make gains or cover losses is known as negotiable instrument underthe Nego-
as tiable Instruments Act, 1881?
A. insider trading A. Bill of Exchange
B. future trading B. Promissory Note
C. foreign trading C. Share Certificate
D. stock trading D. Cheque Payable to Bearer

5093. What was the objective of Y H Malegam
5088. When was the SARFAESI Act enacted?
committee set up by RBI?
A. 2004 A. Review of Poverty Line
B. 2006 B. Licensing of Small Finance Banks
C. 1999 C. Monitoring of bad loans
D. 2002 D. None of the above

554
5094. The society for world-wide inter-bank 5099. Your bank’s customer XYZ enjoys a CC
financial telecommunication (SWIFT) limit of Rs. 100000. The CC account
shows a credit balance of Rs. 10205. The
A. was registered as a company in Bel-
relationship between your bank and XYZ
guim
limited is
B. is a bank-owned non-profit co- A. debtor/creditor
operative society
B. creditor/debtor
C. became operational in May 1977
C. bailor/bailee
NARAYAN CHANGDER
D. None of these
D. bailee/bailor
5095. Which amongst the following promoted 5100. The ‘Dolex’ Indicator is related to which
the concept of self help groups (SHGs) for of the following Financial Markets?
financing the poor?
A. New York
A. RBI B. Mumbai
B. Union Ministry of labour C. Tokyo
C. NABARD D. Hong Kong
D. Union Ministry of Rural development 5101. The payments bank should have a lever-
age ratio of not less than that is its
5096. Part of company’s earning or profit outside liabilities should not exceed 33.33
which is paid out to share holders is known times its net worth (paid-up capital and re-
as serves).
A. Premium A. 3 per cent
B. Dividend B. 4 per cent
C. Bonus C. 5 per cent
D. Sum Assured D. 6 per cent
5102. The NSFR will require banks to main-
5097. In India, which among the following
tain a stable funding profile in relation to
is/are a part of Legal Tender Money?
the composition of their assets and off-
A. Both coins and currency notes balance sheet activities. NSFR stands for
B. Both coins and bank drafts A. Net Stable Funding Rate
C. Both currency notes and SDRs B. Net Stable Funding Ratio
C. Net Stable Financial Ratio
D. Only currency notes issued by RBI
D. Net System Funding Ratio
5098. Economic Planning comes under which of
5103. Money markets are meant for trading in
the following lists?
A. Union List
A. Short-term financial instruments
B. Concurrent list B. Currency
C. State List C. Shares of blue-chip companies
D. A and C D. Debentures

555
5104. The first one rupee note was printed in 5109. Which of the following is NOT a Private
India on with the photo of King George Bank in India?
V.

A. Yes Bank
A. 30th November 1915 B. HDFC Bank
B. 30th November 1917 C. Axis Bank
C. 30th November 1923 D. IDBI Bank
D. 30th November 1921
5110. Who is the present Director General of
Employees’ State Insurance Corporation?
5105. Private sector inducted former SBI
Managing Director B Sriram and manage- A. Raj Kumar
ment consultant Rama Bijapurkar on its B. Sandhya Shukla
board as independent director recently.
C. Garima Bhagat
D. RK Kataria
B. Yes Bank
5111. The Insurance Act was amended in to
C. HDFC Bank regulate investments and set minimum sol-
D. ICICI Bank vency margins and the Tariff Advisory
Committee (TAC) was set up then to
5106. How many government coin mints are mandate policy wordings (insuring clause,
there in India? terms, conditions, clauses, warranties,
etc) and regulate general insurance pre-
A. 2
mium rates.
B. 3
A. 1956
C. 4
B. 1992
D. 5 C. 1982
5107. DICGC guarantees amount up to per D. 1968
depositor per bank.
5112. Which of the following provides proper
A. Rs.1, 00, 000 definition of a Mutual Funds?
B. Rs.1, 50, 000 A. It is an association of members of pub-
lic
C. Rs.2, 00, 000
B. These members want to invest in finan-
D. Rs.3, 00, 000
cial instrument
5108. An institution which accepts deposits, C. They want to invest in financial instru-
makes business loans and offers related ment assets of business sector
services is called D. All the above
A. Saving bank
5113. Generally, the minimum rate below
B. Commercial bank which the banks do not lend is known as-?
C. Investment bank A. floor rate
D. Development bank B. repo rate

556
C. highest rate C. MDEX

D. base rate D. MCX
5114. Which of the following is an account at
5119. RBI increases Repo Rate to control
a bank or credit union that earns interest
which economic situation of economy?
over a specified amount of time?
A. Interest Bearing Account A. Deflation
B. Regular Checking Account B. Inflation
NARAYAN CHANGDER
C. De-materialized Account C. Recession
D. Savings Bank Account D. Stagflation
5115. Name the company/bank, which is con-
5120. Which organisation holding the high-
sidered to be the most patriotic brand,
est/maximum share in NABARD as on
according to a survey conducted by UK-
31st March 2016?
based online market research and data an-
alytics firm YouGov? A. Finance Ministry
A. ICICI Bank B. Government of India
B. Reliance Jio
C. Reserve Bank of India
D. Patanjali dia
5116. Which of the following organization has
launched an industry-first feature that will 5121. The United Forum of Bank Unions has de-
help loan applicants choose their most- cided to observe July the 48th anniver-
suited lender on its platform? sary of nationalisation of major banks, as
‘Save public sector banks’ day.
A. Policybazaar.com
A. July 18th
B. SBI General Insurance
C. Paisabazaar.com B. July 19th
D. Max Bupa C. July 20th
5117. Which of the follwoing measures is not D. July 17th

taken by government to control inflation?
5122. According to CSO, the Indian economy
A. It increases the rate of taxes grew at a five-quarter high of in the
B. It increases cash reserve ratio October-December (2017) period reflect-
C. It increases the imports ing overall recovery due to good show
by agriculture, manufacturing, construc-
D. It increases the public debt tion and certain services.
5118. Which of the following is an indepen- A. 7.60%
dent commodity exchange based in Mum-
bai? B. 7.20%
A. MGEX C. 7.70%
B. MCE D. 7.90%

557
5123. Which of the following statements is 5127. Which of the following is the most ac-
correct about soiled/mutilated note? tive segment of the money market in In-
dia? [Indian Overseas Bank 2011]

A. All banks are authorized to accept
soiled notes across their counters and pay A. Call Money/Notice Money Market
the exchange vale B. Repo/Reverse Repo
B. All public senor bank branches and cur- C. Commercial Paper (CP)
rency chest branches of private sector
banks are authorised to adjudicate and D. Certificate of Deposit (CD)
pay value in respect of mutilated notes 5128. Which of the following is the act of buy-
C. The RBI has also authorised all Com- ing an asset without having to make full
mercial Bank branches to treat certain payment in the immediate future?
notes in ‘two pieces’ as soiled notes and A. Operating lease
pay exchange value
B. Hire purchase
D. All of the above
C. Sale and leaseback
5124. What is Forex? D. Finance lease
A. It is buying of foreign currency
5129. Which of the following agencies is pro-
B. It is selling of foreign currency viding Unique Identity Cards to all Indian
C. It is buying of one currency and selling Residents?
of another currency A. Election Commission of India
D. It is simultaneous buying of one cur- B. Ministry of Foreign Affairs
rency and selling of another currency
C. Govt of Maharashtra
5125. Which among the following country is D. Border Security Force
set to leapfrog Britain and France in 2018
to become the world’s fifth-largest econ- 5130. According to the data released by Cen-
omy in dollar terms, according to the re- tral Statistics Office (CSO), IIP has grew
port by Centre for Economics and Busi- at 6.6% in July on the back of good per-
ness Research (CEBR) consultancy’s 2018 formance by the manufacturing sector and
World Economic League Table? higher offtake of capital goods and con-
A. Brazil sumer durables. What is the full form of
IIP?
B. Japan
A. Index of Industrial Power
C. Germany
B. Index of Industrial Production
D. India
C. Index of Industrial Purchasing
5126. Bandhan Bank Limited became one of D. Index of Industrial Particular
the top 50 most valuable publicly traded
firms in India. Where is the Headquarters 5131. Which among the following is consid-
of Bandhan Bank? ered to be the most liquid asset?
A. Mumbai A. Gold
B. Chennai B. Money
C. Varanasi C. Land
D. Kolkata D. Treasury bonds

558
5132. In India nation income is estimated by? C. Planning Commission

A. Finance Commission
B. Central Statistical Organisation D. Finance Ministry
NARAYAN CHANGDER

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