1. Export Oriented Units can
retain ___ % of their export earnings in foreign currency.
A. 50
B. 100
C. 80
D. 66.67
E. None of these
2. Foreign investment in private banks, (in aggregate including FDI,FII, NRI, etc.) in India is permittedup to ____%
A. 99
B. 74
C. 49
D. 24
E. None of these
3. The minimum shareholding of RBI in SBI should be ___% as per SBI Act.
A. 50
B. 59
C. 51
D. 55
E. None of these
4. RBI pays interest on CRR balances of banks at _____.
A. Bank Rate
B. Repo Rate
C. Bank Rate minus 2%
D. Zero %
E. None of these
5. The three pillars of the Basel II framework are :
A. Minimum capital
requirements
B. Asset - Liability
Management
C. Market discipline
D. Supervisory review
E. a, c & d
6. The Code of Bank's Commitment has been issued by :
A. RBI
B. SBI
C. IBA
D. BCSBI
E. None of these
7. For declaring dividend, banks should have a CRAR of at least ____ % for the preceding 2 years, and net NPA of less than _____%.
A. 11, 3
B. 9, 7
C. 10, 5
D. 9, 5
E. None of these
8. After ________, foreign banks operating in India will be freed of RBI imposed restrictions on their operations and treated on par with Indian banks.
A. April, 2008
B. April, 2009
C. April, 2010
D. April, 2015
E. None of these
9. Under Section 19(1) of the Banking Regulation Act, 1949, para- banking activities refer to :
A. leasing
B. hire purchase finance
C. factoring
D. credit card operations
E. only a, b & c
10. The percentage of profit that a bank is required to transfer to its reserve fund as per Banking Regulation Act is ______%.
A. 25
B. 20
C. 30
D. 50
E. None of these
11. Interest payable on savings bank accounts is?
A. De-regulated by RBI
B. Regulated by State
Governments
C. Regulated by Central Govt
D. Regulated by RBI
E. Regulated by Finance Minister
12. The usual deposit accounts of banks are?
A. Current accounts, electricity accounts and insurance premium accounts.
B. Current accounts, post office savings, bank accounts and term deposit accounts.
C. Loan accounts, savings bank accounts and term deposit accounts.
D. Current accounts, savings bank acco- unts and term deposit accounts.
E. Current bill accounts and term deposit accounts.
13.Fixed deposits and recurring deposits are?
A. Repayable after an agreed period
B. Repayable on demand
C. Not repayable
D.Repayable after death of depositors
E.Repayable on demand or after an agreed period as per bank's choice
14. Accounts are allowed to be operated by cheques in respect of?
A. Both savings bank accounts and fixed deposit accounts.
B. Savings bank accounts and current accounts.
C. Both savings bank accounts and loan accounts.
D. Both savings bank accounts and cash accounts only.
E. Both current accounts and fixed deposit accounts.
15. Which of the following is correct statement?
A. No interest is paid on current deposit accounts.
B. Interest is paid on current accounts at the same rate as term deposit accounts.
C. The rate of interest on current accounts and savings accounts are the same.
D. No interest is paid on any deposit by the bank.
E. Savings deposits are the same as current deposits.
16. Banking services delivered to a customer by means of a computer control system that does not directly involve banks branch is called?
A. Universal banking
B. Virtual banking
C. Narrow banking
D. Brick & Mortal banking
E. None
17. Financial inclusion means provision of ?
A. Financial services namely payments, remittances, savings,loans and insurance at affordable cost to persons not yet given the bank
B. Ration at affordable cost to persons not yet given the same
C. House at affordable cost to persons not yet given the same
D. Food at affordable cost to persons not yet given the same
E. Education at affordable cost to persons not yet given the same
18. When a bank returns a cheque unpaid, it is called?
A. Payment of the cheque
B. Drawing of the cheque
C. Canceling of the cheque
D. Dishonor of the cheque
E. Taking of the cheque
19. Who is the Chairman of the committee constituted by RBI to study issues and concerns in the Micro Finance Institutions (MFI) Sector?
A. Y.H Malegam
B. Dr. KC Chakraborty
C. C. Rangrajan
D. M. Damodaran
E. Usha Thorat
20. Which of the following types of accounts are known as 'Demat Accounts'?
A. Accounts which are Zero Balance
B. Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there
C. Accounts in which shares of various companies are traded in electronic form
D. Accounts which are operated through internet banking facility
E. None of the above
ANSWERS:
1) B
2) B
3) D
4) D
5) E
6) D
7) B
8) B
9) E
10) B
11) A
12) D
13) A
14) B
15) A
16) B
17) A
18) D
19) A
20) C
A. 50
B. 100
C. 80
D. 66.67
E. None of these
2. Foreign investment in private banks, (in aggregate including FDI,FII, NRI, etc.) in India is permittedup to ____%
A. 99
B. 74
C. 49
D. 24
E. None of these
3. The minimum shareholding of RBI in SBI should be ___% as per SBI Act.
A. 50
B. 59
C. 51
D. 55
E. None of these
4. RBI pays interest on CRR balances of banks at _____.
A. Bank Rate
B. Repo Rate
C. Bank Rate minus 2%
D. Zero %
E. None of these
5. The three pillars of the Basel II framework are :
A. Minimum capital
requirements
B. Asset - Liability
Management
C. Market discipline
D. Supervisory review
E. a, c & d
6. The Code of Bank's Commitment has been issued by :
A. RBI
B. SBI
C. IBA
D. BCSBI
E. None of these
7. For declaring dividend, banks should have a CRAR of at least ____ % for the preceding 2 years, and net NPA of less than _____%.
A. 11, 3
B. 9, 7
C. 10, 5
D. 9, 5
E. None of these
8. After ________, foreign banks operating in India will be freed of RBI imposed restrictions on their operations and treated on par with Indian banks.
A. April, 2008
B. April, 2009
C. April, 2010
D. April, 2015
E. None of these
9. Under Section 19(1) of the Banking Regulation Act, 1949, para- banking activities refer to :
A. leasing
B. hire purchase finance
C. factoring
D. credit card operations
E. only a, b & c
10. The percentage of profit that a bank is required to transfer to its reserve fund as per Banking Regulation Act is ______%.
A. 25
B. 20
C. 30
D. 50
E. None of these
11. Interest payable on savings bank accounts is?
A. De-regulated by RBI
B. Regulated by State
Governments
C. Regulated by Central Govt
D. Regulated by RBI
E. Regulated by Finance Minister
12. The usual deposit accounts of banks are?
A. Current accounts, electricity accounts and insurance premium accounts.
B. Current accounts, post office savings, bank accounts and term deposit accounts.
C. Loan accounts, savings bank accounts and term deposit accounts.
D. Current accounts, savings bank acco- unts and term deposit accounts.
E. Current bill accounts and term deposit accounts.
13.Fixed deposits and recurring deposits are?
A. Repayable after an agreed period
B. Repayable on demand
C. Not repayable
D.Repayable after death of depositors
E.Repayable on demand or after an agreed period as per bank's choice
14. Accounts are allowed to be operated by cheques in respect of?
A. Both savings bank accounts and fixed deposit accounts.
B. Savings bank accounts and current accounts.
C. Both savings bank accounts and loan accounts.
D. Both savings bank accounts and cash accounts only.
E. Both current accounts and fixed deposit accounts.
15. Which of the following is correct statement?
A. No interest is paid on current deposit accounts.
B. Interest is paid on current accounts at the same rate as term deposit accounts.
C. The rate of interest on current accounts and savings accounts are the same.
D. No interest is paid on any deposit by the bank.
E. Savings deposits are the same as current deposits.
16. Banking services delivered to a customer by means of a computer control system that does not directly involve banks branch is called?
A. Universal banking
B. Virtual banking
C. Narrow banking
D. Brick & Mortal banking
E. None
17. Financial inclusion means provision of ?
A. Financial services namely payments, remittances, savings,loans and insurance at affordable cost to persons not yet given the bank
B. Ration at affordable cost to persons not yet given the same
C. House at affordable cost to persons not yet given the same
D. Food at affordable cost to persons not yet given the same
E. Education at affordable cost to persons not yet given the same
18. When a bank returns a cheque unpaid, it is called?
A. Payment of the cheque
B. Drawing of the cheque
C. Canceling of the cheque
D. Dishonor of the cheque
E. Taking of the cheque
19. Who is the Chairman of the committee constituted by RBI to study issues and concerns in the Micro Finance Institutions (MFI) Sector?
A. Y.H Malegam
B. Dr. KC Chakraborty
C. C. Rangrajan
D. M. Damodaran
E. Usha Thorat
20. Which of the following types of accounts are known as 'Demat Accounts'?
A. Accounts which are Zero Balance
B. Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there
C. Accounts in which shares of various companies are traded in electronic form
D. Accounts which are operated through internet banking facility
E. None of the above
ANSWERS:
1) B
2) B
3) D
4) D
5) E
6) D
7) B
8) B
9) E
10) B
11) A
12) D
13) A
14) B
15) A
16) B
17) A
18) D
19) A
20) C
1 comments:
Write commentsThank you.
ReplyWe will share more stuff to help bank aspirants.
EmoticonEmoticon