Financial Awareness - 4
1. The "stand up India" scheme aimed at promoting entrepreneurship among Women and Scheduled Castes/Scheduled Tribes. The bank loans under the scheme shall be referred to:
a) SIDB
b) NABARD
c) RBI
d) MUDRA
e) DRDA
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- Answer: a
2. A Reconstruction Company has to obtain a license from ____
a) SEBI
b) Registrar of Companies
c) RBI
d) IDRBT
e) b and c
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- Answer: c
3. A person employed by and acting under the control of the original agent is called:
a) Junior Agent
b) Sub-Agent
c) Broker
d) Cannot be employed
e) Secondary Agent
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- Answer: b
4. As per Negotiable Instruments Act, a Cheque is a ____
a) Bill of Exchange
b) Drawn on a specified Banking Regulation Act 1949
c) Should not be expressed to be payable otherwise than on demand
d) a and c
e) a, b and c
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- Answer: e
5. FIIs are foreign-based funds authorized by ____
a) RBI
b) M/O Finance
c) Foreign Investments Promotion Board (FIPB)
d) Securities and Exchange Board of India (SEBI)
e) None of the above
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- Answer: d
6. IRDAI is the Regulator for all types of Insurance business, general, life assurance except:
a) Medical Insurance
b) Agriculture Insurance
c) Fire and safety Insurance
d) a and b
e) Deposit Insurance
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- Answer: e
7. Which of the following Agency prepares comprehensive credit information by collecting, collating and disseminating credit information pertaining to both commercial and consumer borrowers?
a) ICRA
b) Fitch
c) CRAI
d) CIBIL
e) CRISIL
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- Answer: d
8. Under the plan "Indhradhanush" the total amount proposed to be provided to state-owned banks in period of four years is:
a) Rs.25,000 cr
b) Rs.40,000 cr
c) Rs.55,000 cr
d) Rs.70,000 cr
e) Rs.90,000 cr
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- Answer: d
9. "EEFC" Account stands for:
a) Exchange Earners Fully Convertible Account
b) Exchange Earners Foreign Currency Account
c) Earners Exchanged Foreign Currency Account
d) Earners Exchanged Fully Convertible Account
e) None of the above
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- Answer: b
10. Which of the following refers to a "Super Financial Hub" or "Financial Super Market" for marketing of all the financial products under one roof?
a) Wholesale Banking
b) Universal Banking
c) Super Financial Banking
d) Global Banking
e) Retail Banking
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- Answer: b
11. Which of the following is/are true about Capital Markets?
1. Capital market is a market for long-term debt and equity shares.
2. In this market, capital funds comprising both equity and debt are issued and traded.
3. It includes private placement sources of debt and equity as well as organised markets like stock exchanges and Mutual Funds.
a) 1 and 2
b) 1 and 3
c) 2 and 3
d) 1, 2 and 3
e) None of them are true
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- Answer: d
12. As announced by the RBI the fixed-rate loans of up to ____ will have to be set by lenders based on their marginal cost of funding.
a) 3 years
b) 5 years
c) 7 years
d) 9 years
e) 10 years
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- Answer: a
13. Secondary market could be either through an auction or a dealer market. What segment of secondary market can be called as an example of Dealer Market?
a) Stock Exchanges
b) Over the Counter (OTC) Exchange
c) Share Broking Firm
d) Commodity Market
e) All of the Above
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- Answer: b
14. Provisions of which of the following act/s apply to co-operative banks?
a) Banking Laws (Application to Co-operative Societies) Act, 1965
b) Banking Regulation Act, 1949
c) Reserve Bank of India Act, 1934
d) a and c
e) a, b and c
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- Answer: e
15. Which of the following types of banks are under dual control of State Governments and the Reserve Bank?
a) RRBs
b) Co-operative banks
c) Small Payments banks
d) Local Area banks
e) None of the above
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- Answer: b
16. What per cent FDI through the automatic route has been permitted by the government recently in the market place model of e-commerce retailing?
a) 26 per cent
b) 49 per cent
c) 51 per cent
d) 74 per cent
e) 100 per cent
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- Answer: e
17. The directors of a banking company shall not hold office for more than ____ years continuously.
a) 5
b) 6
c) 7
d) 8
e) 3
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- Answer: d
18. For a foreigner temporarily residing in India, type of account to be opened is?
a) Resident Account
b) NRO Account
c) NRE
d) FCNR
e) None of the above
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- Answer: b
19. The domestic card payment solution RuPay operated by:
a) RBI
b) SBI
c) NABARD
d) SIDBI
e) NPCI
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- Answer: e
20. Khandelwal Committee relates to study of ____ issue in Public Sector Banks.
a) Capital Adequacy Ratio
b) Human Resources
c) Branch Expansion
d) Foreign Exchange
e) None of the above
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- Answer: b
21. Credit Card related grievances can also be referred to:
a) Consumer Forum
b) Ombudsman
c) Lok Adalat
d) DRT
e) All of the above
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- Answer: b
22. The Present Managing Director and CEO of the Mumbai-headquartered IDBI Bank is:
a) MS Raghavan
b) Kishore Kharat
c) BK Batra
d) Snehalata Shrivastava
e) Pankaj vats
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- Answer: b
23. Example of the product line of a Bank is:
a) Car loan
b) Personal loan
c) Home loan
d) Mortgage Loan
e) All the above
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- Answer: e
24. Which union ministry of India recently launched India Aspiration Fund (IAF) and SMILE scheme to aid small enterprises?
a) Ministry of Agriculture
b) Ministry of Finance
c) Ministry of Communication and Information Technology
d) Ministry of Human Resource Development
e) Ministry of Broadcasting
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- Answer: b
25. The advantages of securitization for a Bank is:
a) It provides liquidity to the issuing Bank
b) The Bank capital does not get blocked
c) Securitisation proceeds can be used for fresh lending
d) a and b
e) a, b and c
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- Answer: e
26. First share market in India was established in?
a) Delhi
b) Kolkata
c) Mumbai
d) Chennai
e) Hyderabad
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- Answer: c
27. The German developed bank KFW will provide loan assistance to metro System for which of the following cities?
a) Lucknow
b) Patna
c) Nagpur
d) Chennai
e) Hyderabad
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- Answer: c
28. INFINET stands for?
a) Internal Financial Networking
b) International Financial Networking
c) Indian Financial Network
d) Inland Financial Network
e) None of the above
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- Answer: c
29. Where is the Head Quarters of The international Bank of Reconstructions and Development (IBRD)?
a) Washington DC
b) New York
c) London
d) Paris
e) Basel
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- Answer: a
30. Which of the following is the example of product diversification of Bank?
a) Housing Loan
b) International Credit Card
c) Reverse Mortgage Loan
d) Car Loan
e) Personal Loan
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- Answer: b
31. "PIO" stands for Personal of Indian Origin. However "PIO" in relation to Right to Information Act, 2005 is called:
a) Public Information Officer
b) Principal Information Officer
c) Press Information Officer
d) Primary Information Officer
e) None of these
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- Answer: a
32. The chairman of Regional Rural Bank is appointed by _____?
a) State Government
b) Reserve Bank of India
c) Central Government
d) Sponsoring bank in consultation with NABARD
e) None of the above
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- Answer: d
33. The main purpose of setting up of Export-Import bank of India is to ensure:
a) Functioning as a specialized institution for providing credits to foreign trade on international competitive terms
b) Offering advisory services to exporters
c) Providing refinance facilities in regard to export finance extended by commercial banks and other financial institutions
d) a and b
e) a, b and c
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- Answer: e
34. The seven members Banks Board Bureau, with Vinod Rai as its first Chairman, Started functioning from:
a) 1 March 2016
b) 31 March 2016
c) 1 April 2016
d) 14 April 2016
e) 10 April 2016
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- Answer: c
35. Net Interest Income means:
a) Interest income received on loans - Interest paid on deposits
b) Interest earned on advances
c) Miscellaneous Income
d) Difference between the income earned on Advances and income earned on Mutual Funds
e) None of these
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- Answer: a
36. Under the "Stand Up India" scheme, every bank branch has to give loans to at least one SC/ST and one Woman entrepreneur between Rs. 10 lakh and __
a) Rs. 20 lakh
b) Rs. 25 lakh
c) Rs. 50 lakh
d) Rs. 75 lakh
e) Rs. 1 cr
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- Answer: e
37. If Royal Bank of Scotland based in London opens an account with Punjab National Bank in Mumbai in Indian Rupees. For PNB this account will be treated as __.
a) Nostro account
b) Vostro account
c) Loro account
d) All of the above
e) None of the above
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- Answer: b
38. What is the percentage of investible deposits in government bonds by EFPO is approved by the Union Labour Ministry recently?
a) 50 per cent
b) 55 per cent
c) 60 per cent
d) 65 per cent
e) 70 per cent
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- Answer: d
39. "Micro Finance" is a/an ____ stage of banking services which normally covers loan below Rs. 50,000.
a) Introduction stage
b) Saturation stage
c) Research stage
d) Decline stage
e) None of the above
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- Answer: a