Banking Awareness Test Questions - Set 9 Part - 2

(Note:-Answer are in Bold Letter Please Chek It !!)

21)   As per the notification by Reserve Bank of India (RBI) on 6th Aug’15, in which areas the banks are allowed to shift, merge or close branches without seeking its prior permission?

a. Urban Areas
b. Rural Areas
c. Semi-Rural Areas
d. Semi-Urban Areas


22)   On 6th Aug’15 the Lok Sabha adopted the Negotiable Instruments (Amendment) Bill 2015 that enables the _________.

a. Enable Cheque collections on Electronic Mode & Proposed to change the definition of Cheques
b. Proposed to change the definition of Cheques & Lift the penalty over bouncing cheques
c. Lift the penalty over bouncing cheques & Proposed to change the definition of Cheques
d. Increase the penalty over bouncing cheques & Enable Cheque collections on Electronic Mode


23)   As announced by EPFO on 6th Aug’15, what amount of money would be invested by EPFO via Exchange Traded Funds (ETF)?

a. 200 Crore
b. 980 Crore
c. 2400 Crore
d. 5000 Crore


24)   Which temple in India has opened up a Demat account to accept donations from devotees in the form of shares and securities?

a. Shirdi Sai Temple
b. Tryambkeshwar Temple
c. Vaisho Devi Temple
d. Tirumala Venkateswara Temple


25)   Name the person elected as the new Chairman of the Life Insurance Council on 1st Aug’15?

a. K N Rai
b. S K Roy
c. Sushil Kumar
d. Rajesh Vadhera


26)   Name the mobile banking app of Kotak Mahindra Bank (KMB) launched primarily for “un-banked” regions?

a. Kotak Bharat
b. Bharat
c. Kotak India
d. IndianKotak


27)   What amount of capital would be infused in Public Sector banks by Indian Government over a period of four years to improve capital ratio and fight with rising bad loans?

a. 70,000 Crore
b. 1 Lakh Crore
c. 2 lakh Crore
d. 500 Crore


28)   What is the name of the project that is an ambitious project of the Union Finance Ministry to bring into net black money hoarders and tax evaders by using optimum technology?

a. Project Insight
b. Project Black Money
c. Project Money Laundering
d. Project Monitoring


29)   Which bank has acquired the Sharekhan.com- broking and trading company?

a. HSBC
b. BNP Paribas
c. Deutsche Bank
d. ING Vysya


30)   How many firms have been banned by SEBI which are suspected to be platforms for tax evasion?

a. 500
b. 600
c. 764
d. More than 900


31)   Which stock exchange has launched an enhanced online system for Non-banking Financial Companies (NBFCs) to report data on pledged securities on a quarterly basis?

a. NSE
b. BSE
c. MCX
d. MCX-SX


32)   Why did the Union Government on 21st July’15 extend Interest Subvention Scheme (ISS) to Public Sector Banks (PSBs), private sector commercial banks, rural regional banks (RRBs), cooperative banks and NABARD?

a. To ensure availability of crop loans of up to 5 lakh to farmers at 6% per annum
b. To ensure availability of crop loans of up to 10 lakh to farmers at 2.5% per annum
c. To ensure availability of crop loans of up to 3 lakh to farmers at 7% per annumd. To ensure availability of crop loans of up to 8 lakh to farmers at 8.5% per annum


33)   Who has been appointed as the head of the 14 member committee that will work out a five-year action plan for financial inclusion?

a. Deepak Mohanty
b. Bimal Jalan
c. Bibek Debroy
d. Arvind Kumar


34)   As per the RBI Guidelines, on which of the following days RTGS facility will not operate?

a. 1st Monday of the month & 4th Saturday of the month
b. 2nd Saturday of the month & 4th Saturday of the month
c. All Saturdays of the month & 4th Saturday of the month
d. All Saturdays of the month & 2nd Saturday of the month


35)   Which of the following banks were declared as Domestic Systemically Important Banks (D-SIBs) by the RBI on 31st Aiug’15?

a. SBI & ICICI Bank
b. ICICI Bank & PNB
c. HDFC Bank & SBI
d. PNB & HDFC

36)   Who has been appointed as the new Finance Secretary on 31st Aug’15?

a. L C Goyal
b. Rajiv Mehrishi
c. Ratan P Watal
d. Shaktikanta Das


37)   As per the Fitch Ratings released on 1st Sep’15, which of the following banks has been downgraded by one notch to 'bb' to reflect the growing risk to the bank's capital position from its mounting stressed assets?

a. Indian Bank
b. Canara Bank
c. Axis Bank
d. Punjab National Bank


38)   What methodology has been proposed by RBI on 1st Sep’15 to make Base Rate sensitive to policy changes?

a. Marginal cost of funds Methodology
b. Funds Methodology
c. Currency Methodology
d. All of these


39)   As per the announcement made by RBI on 3rd Sep’15, the Reserve Bank of India will shortly put into circulation ____coins to commemorate golden jubilee of Indo-Pak War 1965.

a. Rs.1
b. Rs.2
c. Rs.5
d. Rs.10