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Banking Awareness Model Questions – 3

  1. Who is appointed as the new Deputy Governor of RBI in place of Mr HR Khan?
    a) Arundati Bhattracharya
    b) Suresh N Patel
    c) N S Vishwanathan
    d) J.K.Garg
    e) Rakesh Sharma
  2. The Reserve Bank of India on 23 June 2016 released the "Payment and Settlement Systems in India- Vision-2018", and the expected benefits thereof are:
    a) Continued decrease in the share of paper-based clearing instruments
    b) Consistent growth in individual segments of retail electronic payment systems viz. NEFT, IMPS, Card transactions, Mobile banking, etc.
    c) Increase in registered customer base for mobile banking
    d) Accelerated use of Aadhaar in payment systems
    e) All the above
  3. Which Indian was presented with the Green Economy Visionary Award at the "2016 Union of Arab Banks International Banking Summit" held in Rome?
    a) Atulesh Jindal
    b) Yaduvendra Mathur
    c) Raghavan Seetharaman
    d) Gurdip Singh
    e) Anand Krishnamurthy
  4. When a person avails a term loan from a bank, he will be given a repayment holiday, which is referred as:
    a) Discount
    b) Concession
    c) Moratorium
    d) Subsidy
    e) Margin period
  5. The currency of Belgium is:
    a) US dollar
    b) Riel
    c) Krone
    d) European Euro
    e) Shekel
  6. The total amount of money available in an economy at a specific time is known as:
    a) Hard Money
    b) Soft Money
    c) Near Money
    d) Money Stock
    e) Bunch Money
  7. Which one of the following commission recommended for the creation of a Central Bank (RBI) in India?
    a) The Planning Commission of India
    b) The Finance Commission of India
    c) Rangarajan commission
    d) The Hilton – Young commission
    e) Narasimhan Committee
  8. Banks facilitate payment services at merchant establishment through which of the following:
    a) ATMs
    b) Branches
    c) Debit cards
    d) Credit cards
    e) c and d
  9. Which of the following is correct regarding the new Marginal Cost of Funds based Lending Rate (MCLR) followed by Banks?
    a) Costs that the bank is incurring to get funds (means deposit) is calculated on a marginal basis
    b) The marginal costs include Repo rate; whereas this was not included under the base rate
    c) The MCLR should be revised monthly
    d) A tenor premium or higher interest rate for long term loans should be included
    e) All the above
  10. Which of the following is not a Cash Crop?
    a) Jute
    b) Tobacco
    c) Rice
    d) Oil Seeds
    e) Sugarcane
  11. The Blue Revolution is related with?
    a) Fish production
    b) Food grain production
    c) Oil seed production
    d) Milk production
    e) None of the above
  12. Under "Janashree Bima Yojana" the annual premium is Rs. ___
    a) 100
    b) 200
    c) 300
    d) 400
    e) 500
  13. The Government Sponsored Scheme "Swarna Jayanti Sahari Rojgar Yojna" (SJSRY) has been renamed as:
    a) Non-Urban Livelihood Mission
    b) Need-based Urban Livelihood Mission
    c) National Urban Livelihood Mission
    d) National Urban Life Mission
    e) None of the above
  14. Placement under money laundering means:
    a) Smuggling bulk cash
    b) Mix illicit proceeds with legitimate deposits
    c) Deposit amounts in small denominations
    d) a and b
    e) All of the above
  15. In case of LOW risk customers, the customer identification data is to be updated by the bank:
    a) Once in 10 years
    b) Once in 3 years
    c) Once in 2 years
    d) Once in 1 year
    e) Not necessary for low risk customers
  16. _____ is the central national agency of India responsible for receiving, processing, analyzing, and disseminating information of suspect financial transactions.
    a) Reserve bank of India
    b) SEBI
    c) IRDA
    d) FIU-INDIA
    e) Central Bureau of Investigation
  17. As per the revised guidelines of RBI, Medium Enterprises is now forms part of:
    a) Export Advance
    b) Priority Sector Advance
    c) Agriculture Advance
    d) Industrial Advance
    e) None of the above
  18. Golden revolution refers to ____
    a) Horticulture
    b) Agriculture
    c) Sylviculture
    d) Ocean lives
    e) Vermiculture
  19. The SARFAESI Act 2002 is applicable to:
    a) All banks and financial institutes
    b) All financial institutes
    c) Only to nationalized banks
    d) Only to Public Sector Banks
    e) All the banking companies and nationalized banks including RRBs
  20. The electronic mechanism used by banks for transmitting financial messages across the borders is:
    a) Telex
    b) DOTNET
    c) RTGS
    d) SWIFT
    e) None of the above
  21. Nostro a/c is:
    a) Foreign banks maintaining account with any bank in India
    b) Any Indian bank maintaining account with a bank abroad
    c) Foreign Bank maintaining account with RBI
    d) Indian Bank maintaining account with RBI
    e) a and c
  22. Governing Rules for day to day Forex Transactions in India is determined by:
    a) Finance Ministry
    b) FEDAI
    c) RBI
    d) Market forces of demand and supply
    e) EXIM bank
  23. Director General of Foreign Trade is working under ____
    a) Ministry of Finance
    b) Ministry of Commerce
    c) Ministry of External Affairs
    d) Reserve Bank of India
    e) Planning Commission
  24. Which of the following banks bagged "MSME Banking Excellence Awards-2015" recently?
    a) Bank of Baroda
    b) IDBI
    c) ICICI
    d) Syndicate Bank
    e) Corporation Bank
  25. Maximum amount that can be invested under Senior Citizens Savings Scheme is:
    a) Rs. 5 lakh
    b) Rs. 8 lakh
    c) Rs. 10 lakh
    d) Rs. 12 lakh
    e) Rs. 15 lakh
  26. _____ Bank is chosen by The New Development Bank (NDB) for its first tie-up with any bank in India to explore opportunities.
    a) HDFC
    b) ICICI
    c) OBC
    d) IDBI
    e) UCO
  27. An NRO a/c cannot be opened by which of the following:
    a) An NRI
    b) A resident Indian
    c) A PIO (Person of Indian Origin)
    d) A foreign national on short visit to India
    e) a, b and c
  28. Which of the following financial institution has received final approval for small finance bank license by RBI under Section 22 the Banking Regulation Act?
    a) Au Financiers (India) Ltd., Jaipur
    b) Capital Local Area Bank Ltd., Jalandhar
    c) Disha Microfin Private Ltd., Ahmedabad
    d) Equitas Small Finance Bank (former Equitas Holdings Pvt. Limited), Chennai
    e) ESAF Micro finance and Investments Private Ltd., Chennai
  29. The 49th Annual Meeting of the Asian Development Bank (ADB) was held at ___ during May 2016
    a) New Delhi
    b) Tokyo
    c) Manila
    d) Frankfurt
    e) Bangkok
  30. The Headquarters of United Bank of India is located in ____
    a) Lucknow
    b) New Delhi
    c) Mumbai
    d) Kolkata
    e) Allahabad
  31. US-based life and health reinsurer Reinsurance Group of America (RGA) has received the first level approval (R-1) to set up a branch in India. This first level approval is given by:
    a) Reserve Bank of India
    b) Securities and Exchange Board of India
    c) Insurance Regulatory & Regulatory Authority of India
    d) General Insurance Company
    e) Central Government
  32. What are the services available to the customers regarding the product "SBI Mingle" launched by State Bank of India (SBI) on 1st July 2016?
    a) Access to various banking services through Face Book
    b) Access to various banking services through Twitter
    c) Access available at the convenience of customer
    d) a, b and c
    e) None of the above
  33. The tagline "Relationship beyond Banking" is associated with:
    a) Canara Bank
    b) Bank of Baroda
    c) Bank of India
    d) State Bank of India
    e) Union Bank of India
  34. The IRDAI has allowed banks tie up with ____ insurer(s) in each category of life, non-life and standalone health.
    a) One
    b) Two
    c) Three
    d) Four
    e) Five
  35. Which of the following Banks is granted in-principle approval by SEBI recently to act as custodian of securities (CoS):
    a) Federal Bank
    b) Bandhan Bank
    c) IDFC Bank
    d) RBL Bank
    e) YES bank


1) c

2) e

3) c

4) c

5) d

6) d

7) d

8) e

9) e

10) c

11) a

12) b

13) c

14) e

15) a

16) d

17) b

18) a

19) e

20) d

21) b

22) b

23) b

24) e

25) e

26) b

27) b

28) d

29) d

30) d

31) b

32) d

33) c

34) c

35) e






Published date : 05 Jul 2016 03:19PM

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