Banking Awareness Test - Set 2 Part - 2

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

21)   Which of the following pools money from various investors in order to purchase securities?
a. Fund derivative
b. Money fund
c. Mutual fund 

d. Pension fund

22)   Which of the following is used when describing the monthly charges on a mortgage?
a. BIS
b. CPI
c. FII
d. PITI

23)   Which of the following is the rate at which the RBI lends money to commercial banks in the event of any shortfall of funds?
a. Benchmark Prime Lending Rate
b. Annual Percentage Rate
c. Bank Rate
d. Repo Rate

24)   Which was the first Indian bank to get ISO?
a. Canara Bank b. Punjab National Bank
c. State Bank of India
d. Central Bank of India

25)   Who was the founder of Punjab National Bank?
a. Bal Gangadhar Tilak
b. Bhagat Singh
c. Bipin Chandra Pal
d. Lala Rajpat Rai

26)   Which was the first bank to introduce cheque system in India?
a. Bengal Bank 
b. Bank of Hindustan
c. General Bank of India
d. Presidency Bank

27)   Whose signature do the 1 Rupee currency note bear?
a. Governor of RBI
b. Finance Secretary 

c. Finance Minister
d. The President


28)   What is the full form of TIBOR?
a. Tokyo Interbank Offered Rate 
b. Tokyo-India Bureau Of Regulations
c. The Interbank Offered Rate
d. None of the above


29)   Which is the largest bank in the world?
a. BNP Paribas
b. China Construction Bank Corporation
c. HSBC Holdings
d. Industrial & Commercial Bank of China


30)   According to which guidelines did the Government pick up the entire SBI shares held by the RBI?
a. National Stock Exchange of India
b. Securities Commission
c. Financial Regulations
d. Securities and Exchange Board of India (SEBI)

31)   The subsidiary banks attached to the State Bank are:
(i) State Bank of Bikaner and Jaipur
(ii) State Bank of Hyderabad
(iii) State Bank of Indore
(iv) State Bank of Mysore
(v) State Bank of Patiala
(vi) State Bank of Saurashtra
(vii) State Bank of Travancore
a. Only (i) , (v), and (vi)
b. Only (ii), (iii), (iv), and (vii)
c. All the above

d. None of the above


32)   When was the National Bank of Agriculture and Rural Development established?
a. July, 1982 
b. July, 1969
c. June, 1951
d. June, 1961


33)   Which bank had the highest concentrations of operations overseas in 2010? 
a. Bank of Baroda
b. Bank of India
c. State Bank of India
d. Union Bank of India


34)   When was Life Insurance sector nationalised?
a. 1834
b. 1907
c. 1938
d. 1956

35)   When was the Indian Mercantile Insurance established?
a. 1907 
b. 1938
c. 1957
d. 1973

36)   When was the Export Credit Guarantee Corporation of India established?
a. 1938
b. 1957

c. 1973
d. 1971


37)   What is the expanded form of the term ALM used in banking sector?
a. Asset Liability Maintenance
b. Asset Liability Management 

c. Asset Liability Manipulation
d. Asset Liability Maximisation

38)   Which one of the following does not belong to regulatory bodies in India?
a. FMC
b. IRDA
c. PFRDA
d. SEBI

39)   What is Call Money?
a. Money borrowed or lent for a day or over night 
b. Money borrowed for more than one day but up to 3 days
c. Money borrowed for more than one day but up to 7 days
d. Money borrowed for more than one day but up to 14 days


40)   What is the most powerful tool used by the Reserve Bank of India to control inflation?
a. Raise interest rates 
b. Raise current supply
c. Reduce current supply
d. Reduce interest rates