1. For filing and
resolving customer complaints the banking Ombusdsman:
(a) charges a fee
of 500/-
(b) does not charge any fee
(c) charges a fee of 1500/-
(d) charges a fee of 1000/-
(e) none
(b) does not charge any fee
(c) charges a fee of 1500/-
(d) charges a fee of 1000/-
(e) none
2. How many banks
are presently associated of State Bank of India:
(a) Eight,
(b) Seven
(c) Six,
(D) Five
(e) Four
(b) Seven
(c) Six,
(D) Five
(e) Four
3. Objective of
monetary policy of RBI is to:
(a) control
inflation
(b) discourage hoarding of commodities
(c) encourage flow of credit into neglected sector
(d) All of the above
(e) None of the above
(b) discourage hoarding of commodities
(c) encourage flow of credit into neglected sector
(d) All of the above
(e) None of the above
4. A bank account
in which a depositor can deposit his funds any number of times he likes
and can also withdraw the same any number of times he wishes is called:
(a)Fixed deposit account
(b) Saving account
(c) Current account
(d) Recurring account
(e) none of these.
(b) Saving account
(c) Current account
(d) Recurring account
(e) none of these.
5. Any note, which
is wholly or partially, obliterated, shrunk, washed, altered or indecipherable
is a/an :
(a)
mutilated note
(b) imperfect note
(c) soiled note
(d) mismatched note
(e) none of these
(b) imperfect note
(c) soiled note
(d) mismatched note
(e) none of these
6. Insurance cover
for bank deposits in our country is provided by____:
a) SBI
(b) Govt. of India
(c) GIC
(d) LIC
(e) DICGC
(b) Govt. of India
(c) GIC
(d) LIC
(e) DICGC
7. Expand the term
ALM as used in Banking/ Finance sector:
(a) Asset Liability Management
(b) Asset Liability Maturity
(c) Asset Liability Mismatch
(d) Asset Liability Manpower
(e) Asset Liability Maintenance
(b) Asset Liability Maturity
(c) Asset Liability Mismatch
(d) Asset Liability Manpower
(e) Asset Liability Maintenance
8. The loan amount
in case of a reverse mortgage is decided taking into account which of the
following:
(a) Value of House property
(b) Age of the borrower
(c) prevalent Interest rates.
(1) only (A)
(2) Only (B)
(3) Only (C)
(4) All (A), (B),& (C)
(5) none of these
(b) Age of the borrower
(c) prevalent Interest rates.
(1) only (A)
(2) Only (B)
(3) Only (C)
(4) All (A), (B),& (C)
(5) none of these
9. In India , the
RBI prescribes the minimum SLR level for Scheduled Commercial Banks
in India in specified assets as a percentage of Bank’s:
(a) Net Demand and Time Liabilities
(b) Demand Liabilities
(c) Time Liability,
(d) None of the above
(e) All of the above .
(b) Demand Liabilities
(c) Time Liability,
(d) None of the above
(e) All of the above .
10. Truncation of
cheques means:
(a) The cheques in
the paper form will be retained by the collecting banker and he will submit
(b) Entire clearing operations would be done only through computers
(c) Cheques will be scanned and the electronic image, instead of physical cheque , will be transmitted in the clearing cycle
(d) Debiting the drawer’s account through internet banking
(e) None of the above
(b) Entire clearing operations would be done only through computers
(c) Cheques will be scanned and the electronic image, instead of physical cheque , will be transmitted in the clearing cycle
(d) Debiting the drawer’s account through internet banking
(e) None of the above
Answers:
1. B
2. D
3. A
4. C
5. B
6. E
7. A
8. D
9. A
10. C
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