1) The Reserve Bank of India was established on _______.
a. April 1, 1935
b. July 12, 1982 c. May 26, 2006 d. September 30, 2005 | ||
2) Who works as RBI's agent at places where it has no office of its own?
a. State Bank of India
b. Ministry of Finance c. Government of India d. International Monetary Fund | ||
3) Which of the following is true about the functions performed by RBI?
(i) It is the Bank of Issue (ii) It acts as banker to the Government (iii) It is the banker of other banks (iv) It regulates the flow of credit
a. Both (i) and (ii)
b. Both (iii) and (iv) c. All the above d. None of the above | ||
4) What does 'Nomination' for a deposit account in the bank mean?
a. Mandate given by the close relatives of the depositor to settle the death claim in case of death of the depositor
b. Mandate decided by the bank to settle the death claim of its depositor c. Mandate of the depositor in favor of one or more persons to claim the amount on death of the depositor d. Mandate of the depositor in favor of a close relative who can claim the amount on death of the depositor | ||
5) When were the draft guidelines for building grievance redressal mechanism within NBFCs (Non-Banking Financial Companies) published?
a. April 5, 2006
b. May 26, 2006 c. June 29, 2007 d. September 30, 2005 | ||
6) Which subsidiary bank was merged with the State Bank of India on August 13, 2008?
a. State Bank of Hyderabad
b. State Bank of Indore c. State Bank of Mysore d. State Bank of Saurashtra | ||
7) When did the government acquire RBI's shareholding (72.5%) in NABARD?
a. May, 2008
b. June, 2008 c. August, 2008 d. March, 2009 | ||
8) When did the Government of India set up the Export-Import Bank of India?
a. January, 1982
b. January, 1993 c. March, 1971 d. June, 1969 | ||
9) When did the National Housing Bank start its operations?
a. July, 1982
b. July, 1988 c. April, 1980 d. March, 1971 | ||
10) When did the Government initiate the process of amalgamation of RRBs in a phased manner?
a. September, 2005
b. March, 2009 c. June, 2009 d. March, 2010 | ||
11) When did the Government of India appoint a committee under the chairmanship of Shri M.Narasimham to strengthen the banking system?
a. May, 2006
b. April, 1998 c. December, 1997 d. September, 2005 | ||
12) Which of the following does not belong to the main products of life insurance?
a. Endowment
b. Personal accident insurance c. Term d. Whole life | ||
13) Which of the following does not belong to the major general insurance private sector companies in India?
a. Bajaj Allianz General Insurance
b. Reliance General Insurance c. Royal Sundaram Alliance Insurance d. The Oriental Insurace Company | ||
14) What is a Lease?
a. A rental agreement between owner of a flat/house and the Tenant, whereby the Tenant pays specified amount on specified dates to the owner
b. A legal contract between the owner of an asset and its user, containing many conditions including payment of a specified amount by the user to the Owner for use of the asset c. Both (1) and (2) d. None of the above | ||
15) Which of the following are Bank advances of a Bank?
a. Bad debts
b. Non-performing Assets c. Out of order accounts d. Overdrawn accounts | ||
16) Which of the following are benefited through the Reserve mortgage scheme?
a. Government employees
b. Minors c. Senior citizens d. All the above | ||
17) What will be the impact if Reserve Bank of India reduces the Bank Rate by 1%?
a. Less liquidity in the market
b. More liquidity in the market c. No change in the market liquidity d. Mobilisation of more deposits by commercial banks | ||
18) What is the full form of IRR?
a. Internal Rate of Return
b. Internal Reserve Ratio c. Internal Rate of Ratio d. Internal Recession Rate | ||
19) What does the letter 'M' mean in the term SME as used in the financial world?
a. Maximum
b. Medium c. Market d. Mutual | ||
20) What is the full form of FIMMDA?
a. Fixed Income Money Markets & Derivatives Association
b. Foreign Income Money Markets & Derivatives Association c. Floating Income Money Markets & Derivatives Association d. Fixed Income Money Markets & Derivatives Affiliation |
