1. The Banking Ombudsman scheme is applicable to the working of which of the following?
(a) All scheduled commercial banks
(b) All scheduled commercial banks
excluding regional rural banks
(c) All scheduled commercial banks excluding private sector banks
(d) All public sector banks
Ans: (a)
2. A very popular savings scheme of the post office has been withdrawn as per the current provisions. Which is that scheme?
(a) National savings certificates
(b) Kisan vikas patra
(c) Recurring deposit scheme
(d) Monthly income scheme
Ans: (b)
3. Many Indian corporates are expecting to launch their new banking company.How is this possible?
(a) By tying up with foreign banks as joint ventures
(b) RBI has announced new norms for issuing licences for opening banks
(c) Applications have been sent to the Finance ministry for approval
(d) Weak banks may be taken over
Ans: (b)
4. Which of the following instruments cannot be presented for payment in a clearing house?
(a) Demand draft
(b) Dividends
(c) Fixed deposit receipt
(d) All of the above
Ans: (c)
5.Which of the following structures have the consumer forum courts in India adopted?
(a) Panchayats, state and national level
(b) State and national level
(c) Only at the national level
(d) District, state and national levels
Answer:(c)
6. A cheque payable to bearer can be negotiated by—
(a) Delivery only
(b) Endorsement only
(c) Endorsement and delivery
(d) None of the above
Ans: (a)
7.The interest rate payable on bank recurring deposit schemes is linked to which of the following?
(a) Savings account rates
(b) Term deposit rates
(c) Bank rate
(d) None of the above
Ans: (b)
8.Current accounts cannot be freely opened by?
(a) Government departments
(b) Firms and companies
(c) HUFs
(d) All non resident Indians
Ans: (d)
9.Which development financial institution is known to have integrated with a bank?
(a) IFCI Ltd
(b) ICICI Ltd
(c) NHB
(d) IIFCL
Ans: (b)
10.Which of the following is not an apex institution?
(a) SBI
(b) SIDBI
(c) NABARD
(d) State Cooperative bank
Ans: (a)
11.Which foreign bank operating in Indiarecently celebrated 200 years of its existence?
(a) Standard Chartered bank
(b) Citi bank
(c) HSBC
(d) Royal Bank of Scotland
Ans: (b)
12. Which of the following is not an international rating agency?
(a) Standard & Poors
(b) Moodys
(c) Fitch
(d) Morgan Stanley
Ans: (d)
13. Which of the following describes IBA?
(a) Association of banks in India
(b) A subsidiary of RBI
(c) Bank employees’ apex organization
(d) Bank officers’ body
Ans: (a)
14.Which of the following foreign banks has the highest number of branches in India?
(a) Standard Chartered bank
(b) CITI Bank
(c) HSBC
(d) American Express
Ans: (a)
15. Investment through Indian Depository receipts was initiated by which foreign bank?
(a) HSBC
(b) Standard Chartered
(c) Deutsche Bank
(d) Citi Bank
Ans: (b)
(a) All scheduled commercial banks
(b) All scheduled commercial banks
excluding regional rural banks
(c) All scheduled commercial banks excluding private sector banks
(d) All public sector banks
Ans: (a)
2. A very popular savings scheme of the post office has been withdrawn as per the current provisions. Which is that scheme?
(a) National savings certificates
(b) Kisan vikas patra
(c) Recurring deposit scheme
(d) Monthly income scheme
Ans: (b)
3. Many Indian corporates are expecting to launch their new banking company.How is this possible?
(a) By tying up with foreign banks as joint ventures
(b) RBI has announced new norms for issuing licences for opening banks
(c) Applications have been sent to the Finance ministry for approval
(d) Weak banks may be taken over
Ans: (b)
4. Which of the following instruments cannot be presented for payment in a clearing house?
(a) Demand draft
(b) Dividends
(c) Fixed deposit receipt
(d) All of the above
Ans: (c)
5.Which of the following structures have the consumer forum courts in India adopted?
(a) Panchayats, state and national level
(b) State and national level
(c) Only at the national level
(d) District, state and national levels
Answer:(c)
6. A cheque payable to bearer can be negotiated by—
(a) Delivery only
(b) Endorsement only
(c) Endorsement and delivery
(d) None of the above
Ans: (a)
7.The interest rate payable on bank recurring deposit schemes is linked to which of the following?
(a) Savings account rates
(b) Term deposit rates
(c) Bank rate
(d) None of the above
Ans: (b)
8.Current accounts cannot be freely opened by?
(a) Government departments
(b) Firms and companies
(c) HUFs
(d) All non resident Indians
Ans: (d)
9.Which development financial institution is known to have integrated with a bank?
(a) IFCI Ltd
(b) ICICI Ltd
(c) NHB
(d) IIFCL
Ans: (b)
10.Which of the following is not an apex institution?
(a) SBI
(b) SIDBI
(c) NABARD
(d) State Cooperative bank
Ans: (a)
11.Which foreign bank operating in Indiarecently celebrated 200 years of its existence?
(a) Standard Chartered bank
(b) Citi bank
(c) HSBC
(d) Royal Bank of Scotland
Ans: (b)
12. Which of the following is not an international rating agency?
(a) Standard & Poors
(b) Moodys
(c) Fitch
(d) Morgan Stanley
Ans: (d)
13. Which of the following describes IBA?
(a) Association of banks in India
(b) A subsidiary of RBI
(c) Bank employees’ apex organization
(d) Bank officers’ body
Ans: (a)
14.Which of the following foreign banks has the highest number of branches in India?
(a) Standard Chartered bank
(b) CITI Bank
(c) HSBC
(d) American Express
Ans: (a)
15. Investment through Indian Depository receipts was initiated by which foreign bank?
(a) HSBC
(b) Standard Chartered
(c) Deutsche Bank
(d) Citi Bank
Ans: (b)
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