(Note:-Answer are in Bold Letter Please Chek It !!)
1) When did the nationalisation of major banks happen?
a. June, 1951
b. June, 1961 c. June, 1969 d. July, 1969 | ||
2) 2. The main objectives of the Export-Import Bank (EXIM Bank) are to:
(i) ensure an integrated and coordinated approach to solving the problems of exporters (ii) provide special attention to capital goods export and export of technical services (iii) tap domestic and overseas markets for resources, undertake development and finance activities in the areas of exports. (iv) provide financial assistance to the exporters and importers and act as the principal financial institution for coordinating the working of other institutions engaged in financing exports and imports. (v) provide refinance facilities to commercial banks and financial institutions against their export-import financing activities.
a. both (i) and (ii)
b. only (iii), (iv), and (v) c. All the above d. None of the above | ||
3) When was Triton Insurance Company Ltd established?
a. 1834
b. 1850 c. 1907 d. 1938 | ||
4) What is Factoring?
a. An easy way of raising capital from a factoring company by small business
b. Selling of account receivables on a contract basis for cash payment to a factor before it is due c. An arrangement for raising short term money against prepaid expenses d. A method of discounting of long term bills | ||
5) Which one of the following is called as initial repayment holiday given to a borrower for repayment of loan?
a. Amortization
b. Moratorium c. Subvention d. None of the above | ||
6) What is the full form of FSDC?
a. Financial Security and Development Council
b. Financial Stability and Development Council c. Financial Security and Development Convention d. Fiscal Stability and Development Council | ||
7) Which of the following permit cheque operation?
a. Savings bank accounts and fixed deposit accounts
b. Current accounts and fixed deposit accounts c. Savings bank accounts and cash accounts d. Savings bank accounts and current accounts | ||
8) Which bank was the sponsor of Prathama Gramin Bank?
a. Bank of Baroda
b. Indian Bank c. Punjab National Bank d. Syndicate Bank | ||
9) What does RTGS enable?
a. Immediate transfer of money from customer of one bank to customer of another bank
b. Immediate transfer of money from customer of one bank to customer of another branch within the same bank c. Immediate transfer of money from customer of one bank to customer of another country d. Immediate transfer of money from customer of one bank to customer of RBI | ||
10) With whom does the ownership of Public sector banks rest?
a. Wholly with Government of India
b. Jointly with Government of India and share-holders from the public c. Jointly with Government of India and State Bank of India d. Jointly with Government of India and Reserve Bank of India | ||
11) What happens if a cheque is post dated?
a. Bank on whom it is drawn will not honour the cheque before the date of the chequeb. Bank on whom it is drawn has to honour the cheque before the date of the cheque
c. Bank on whom it is drawn has to refer to RBI to honour the cheque before the date of the cheque d. Bank on whom it is drawn has to refer to court to honour the cheque before the date of the cheque | ||
12) Who issues 'Commercial Papers'?
a. A Company to a Bank
b. Banks to Banks c. Banks to Companies d. Company to its suppliers | ||
13) Which of the following sets up core banking infrastructure for rural banks?
a. IBA
b. NABARD c. RBI d. SIDBI | ||
14) Who regulates the Mutual Funds in India?
a. FRBI
b. SEBI c. SIDBI d. RBI | ||
15) What do bank customers pay for using safe deposit locker facilities?
a. Commission on locker
b. Exchange on locker c. Rent on locker d. Safe custody charges | ||
16) What does the letter 'R' denote in the abbreviation 'BR Act' which controls banking activities in the country?
a. Reclamation
b. Reformation c. Regulation d. Rule | ||
17) Which is the minimum lending rate decided by RBI which shall be adopted by all Public Sector Banks?
a. Bank rate
b. Base rate c. Overnight rate d. None of the above | ||
18) What is the cost of credit expressed as a percentage on a yearly basis called?
a. APR
b. APY c. WPI d. None of these | ||
19) Which of the following helps the consumers protect their credit identities and recover from identity theft?
a. FACTA
b. FCRA c. FDCPA d. FOIA | ||
20) Which of the following is the amount of Funds borrowed by the government to meet the expenditures?
a. Fiscal Deficit
b. Current account c. Fiscal policy d. Public finance |
