1. The Holidays for the Banks are declared as per........?
A RBI act
B Banking Regulation Act
C Negotiable Instruments Act
D Companies Act
Ans- C
2. Interest below which a bank is not expected to lend to customers is known as ...?
A Deposit Rate
B Base Rate
C Prime Lending Rate
D bank Rate
Ans- B
3. What does the letter"C" denotes in the term CBS as used in Banking operations?
A Central
B Core
C Commercial
D Capital
Ans- B
4. The Term FTZ stand for......?
A Free trade Zone
B Food trade Zone
C Foriegn Trade one
D Fiscal Trade Zone
Ans- A
5. Excise duty is the tax levied on?
A Production of goods
B Import of goods
C Profits on sale of oods
D None of these
Ans- A
6. A money deposited at a bank that cannot be withdrawn for a period fixed period of time is
known as a ......?
A Term Deposit
B Checking Account
C Savings bank deposits
D Current Deposit
Ans- A
7. The term Smart Money refers to?
A Credit cards
B Us Dollars
C Internet Banking
D Foreign currency
Ans- A
8. What does the letter P denote in the term PAN as used in Financial transactions?
A Primary
B Partial
C Provisional
D Permanent
Ans- D
9. The economy in which there is a mixture of public and private sector both is called.....?
A Closed Economy
B Mixed Economy
C Open Economy
D Public Economy
Ans- B
10. Which of the following is a retail banking product?
A Home loans
B Working capital finance
C Corporate term loans
D Export Credit
Ans- A
11. When the RBI opts to reduce liquidity in the banking system, it increases which of the
following?
1) CRR
2) SLR
3) Repo rate
4) Reverse repo rate
5) Any of the above
Ans-5
12.What is the term used for the debt instrument, secured by the collateral of an immovable
property, in which the borrower is obliged to pay back the debt on terms agreed upon?
1) Lien
2) Assignment
3) Mortgage
4) Hypothecation
5) Pledge
Ans-3
13. A Banking Ombudsman can reject a complaint at any stage on which of the following grounds?
1) There is no loss or damage or inconvenience caused to the complainant in the opinion of the
Banking Ombudsman.
2) The compensation sought from the Banking Ombudsman is beyond `10 lakh.
3) The complaint is not pursued by the complainant with reasonable diligence.
4) Any of the above
5) Only 1) and 3)
Ans-4
14. What does the letter ‗A‘ represent in the abbreviation CRAR?
1) Allocation
2) Advance
3) Adequacy
4) Assets
5) None of these
Ans-4
15. Revolving credit is made available by the issuer in the case of which of the following
instruments?
1) Debit card
2) Credit card
3) Cashless claim card
4) ATM card
5) None of these
Ans-2
16. A debit card holder cannot perform which of the following functions?
1) Make Point of Sale (PoS) purchase
2) Recharge pre-paid mobile phones
3) Pay life insurance premium
4) Make donation
5) None of the above
Ans-5
17.Which of the following is the best option to park money for a long period of time to earn a
high rate of interest?
1) Savings account
2) Current account
3) Fixed Deposit account
4) Recurring account
5) None of these
Ans-3
18. The Reserve Bank of India (RBI) granted QCCP status to Clearing Corporation of India Ltd
(CCIL) recently. QCCP stands for
1) Queried Central Counterparty
2) Qualifying Central Counterparty
3) Qualitative Central Counterparty
4) Quantitative Central Counterparty
5) None of these
Ans-2
19. The process through which an investor‘s physical share certificate gets converted to
electronic format which is maintained in an account with the Depository Participant, is termed as
1) Materialisation
2) Dematerialisation
3) Conversion
4) Prioritisation
5) None of these
Ans-2
20.Which of the following abbreviations and their expanded forms is NOT matched correctly?
1) BIFR: Board for Industrial and Financial Reconstruction
2) CBS: Central Banking Solution
3) FPO: Follow-on Public Offer
4) NCD: Non-Convertible Debentures
5) None of these
Ans-2
21. Which of the following card product launched by the banks is working on the principle of
Buy Now Pay Later?
1. ATM card
2. Debit card
3. Charge Card
4. Credit card
Ans-4
22. Which of the following organisation provides credit history of the borrowers?
1. CIBIL
2. SEBI
3. RBI
4. IBA
Ans-1
23. What is the Full form of NSE the term we see very frequently in newspaper?
1. New service exchange
2. New stock evauation
3. National stock exchange
4. National service emporium
Ans-3
24. The term Deficit Financing means the government borrows money from the....?
1. IMF
2. Local bodies
3. RBI
4. large corporates
Ans-3
25. Excise duty is the tax levied on which of the following?
1. Production of goods
2. purchase of goods
3. export of goods
4. sale of goods
Ans-1
26. Upper limit prescribed for RTGS transactions is ?
1. Rs 1 lakh
2. Rs 2 lkah
3. Rs 5 lakh
4. No upper limit is prescribed
Ans-4
27. When a bank returns a cheque unpaid, it is called...?
1. payment of cheque
2. dishonour of cheque
3. cancelling of cheque
4. taking of cheque
Ans-2
28. Which of the following is not a negotiable instrument?
1. Cheque
2. Fixed deposit reciept
3. promissory note
4. Bill of exchange
Ans-2
29. In economic terms. the total market value of all final goods and services produced in a
country in a given year is known as .....?
1. GNI
2. GDP
3. Inflation
4. PPP
Ans-2
30. Special Drawing Rights are the rights of countries provided by....?
1. World Bank
2. IMF
3. ADB
4. Federal reserves
Ans-2
31. Pre-shipment finance is provided by the banks only to…..?
1. Credit card holders
2. Students aspiring for further studies
3. Brokers in equity market
4. Exporters
Ans-4
32. In banking business, when the borrowers avail a Term Loan, initially they are given a
repayment holiday and this referred as……….?
1. Subsidy
2. Interest Waiver
3. Re-phasing
4. Moratorium
Ans-4
33. When a person opens an account in a bank, the bank is a ………. Towards the person
1. Creditor
2. Debtor
3. Agent
4. Borrower
Ans-2
34. Concept of Tobin Tax is associated with which field?
1. Foreign Exchange Transactions
2. Share Trading
3. Commodity Trading
4. Bullion Trading
Ans-1
35. Which act pertains to effectively dealing with the problem of non- performing assets (NPAs)
in Indian Banking ?
1. RBI ACT
2. Banking and Regulation Act
3. SARFAESI Act
4. Banking Ombudsman
Ans-3
36. Which agency/ institution is the regulatory authority for home loans in India?
1. Housing Development Finance Corporation (HDFC)
2. National Housing Bank (NHB)
3. National Housing Board
4. Housing Finance Corporation ltd.(HFCL)
Ans-2
37. Which of the following countries has ranked as top gold producer in World?
1. Germany
2. South Africa
3. China
4. India
Ans-3
38. Commercial paper can be issued……..?
1. By all corporate
2. By all corporate with net worth of at least Rs 10 crore
3. By all corporate with net worth of at least Rs 5 crore
4. Can be issued only by Banks
Ans-3
39. Sub-prime lending refers to……..?
1. Lending to the customer who are most value for the banks
2. Lending to the customer who vist bank for the very first time
3. Lending to the people with less than standard credit status
4. None of these
Ans-3
40. This committee is associated with finance to small scale industries
1. C.E Kamath
2. Malegam
3. G.S Patel
4. Chatelier
Ans-2
41. CRR funds are kept by the Banks in.........?
1. Cash in hands at branches
2. Balance with other banks
3. Balance in a special accounts with RBI
4. Funds in the currency chest
Ans-3
42. India's first indigenous payment gateway is ..........?
1. India Expenditure
2. India Payment
3. India Challan
4. India Pay
Ans-4
43. The interest on recurring deposit is paid on the basis of ?
1. Simple interest calculated monthly basis
2. Simple interest on monthly product basis
3. Quarterly compounding
4. Interest calculated on daily product basis
Ans-3
44. Which of the following is not an imperfect note?
1. Wahsed note
2. Bleached note
3. Multilated note
4. Oiled note
Ans-3
45. When bank accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as.....?
1. Term deposit
2. Demand Deposit
3. Bond
4. Mortgage
Ans-1
46. Issuing credit cards is a component of?
1. Corporate Banking
2. Rural banking
3. Retail Banking
4. Micro finace
Ans-3
47. Certificate of deposits have a minimum value of......?
1. Rs 1 lakh
2. Rs 10 Lakh
3. Rs 25 lakh
4. Rs 1 crore
Ans-1
48. CAPART is associated with which of the following?
1. Energy sector
2. Rural Development
3. Infrastructure
4. Foreign trade
Ans- 2
49. A loan bearing low rate of interest is known as ........?
1. Hard loan
2. Soft loan
3. Capital Loan
4. Real Loan
Ans-2
50.When the loan is guaranteed for purchase of white goods it is called......?
1. White goods loan
2. Consumer durable loan
3. Business loan
4. Consumption loan
Ans-2
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