Q1. Axis Bank is a?
(a) Public Sector Bank
(b) Private Sector
Bank
(c) Co-operative Bank
(d) Foreign Bank
(e) Grameen Bank
Q2. When there is a difference between
all receipts and expenditure of the government of India, both capital and
revenue, it is called?
(a) Revenue Deficit
(b) Budgetary Deficit
(c) Zero Budgeting
(d) Trade Gap
(e) Balance of Payment Problem
Q3. Which of the following is not a
function of the Reserve Bank of India?
(a) Fiscal Policy
Function
(b) Exchange Control Function
(c) Issuance, Exchange and Destruction of Currency Notes
(d) Monetary Authority Function
Q4. Which of the following is not
required for opening a bank account?
(a) Identity Proof
(b) Address Proof
(c) Recent Photographs
(d) Domicile
Certificate
(e) None of the above
Q5. What is the maximum deposit amount
insured by DICGC?
(a) Rs. 200000 per depositor per bank
(b) Rs. 200000 per depositor across all banks
(c) Rs. 100000 per
depositor per bank
(d) Rs. 100000 per depositor across all banks
(e) None of the above
Q6. With reference to a cheque which of
the following is the ‘drawee bank’?
(a) The bank that collects the cheque
(b) The payee’s bank
(c) The endorsee’s bank
(d) The endorser’s bank
(e) The bank upon
which the cheque is drawn
Q7. In which of the following fund
transfer mechanisms, can funds be moved from one bank to another and where the
transaction is settled instantly without being bunched with any other
transaction?
(a) RTGS
(b) Bank Rate
(c) MT
(d) EFT
(e) None of the above
Q8. The committee on review of National
Small Saving Fund (NSSF) was headed by?
(a) Dr. C. Rangarajan
(b) UK Sinha
(c) Dr. YV Reddy
(d) Shyamala
Gopinath
(e) Dr. Usha Thorat
Q9. Banking Ombudsman Scheme is
applicable to the business of?
(a) all scheduled commercial banks excluding RRBs
(b) Only scheduled commercial banks
(c) only public sector banks
(d) all banking
companies
(e) all scheduled banks except private banks
Q10. Nationalisation of banks aimed
at all of the following except:
(a) provision of adequate credit for agriculture SME & exports
(b) removal of control by a few capitalists
(c) provision of
credit to big industries only
(d) access of banking to masses
(e) encouragement of a new class of entrepreneurs
Q11. As per the revised RBI
guidelines, provision on secured portion of loan accounts classified as
doubtful advances for more than one year and up to 3 (three) years is to be
made at the rate of-
(a) 15%
(b) 20%
(c) 40%
(d) 25%
(e) 30%
Q12. Which of the following states
has launched ‘Panch Parmeshwar Yojana’ under which panchayats are allowed to
use the fund for developing infrastructure and basic amenities in villages?
(a) Uttar Pradesh
(b) Maharashtra
(c) Gujarat
(d) Madhya Pradesh
(e) Tamil Nadu
Q13. Base rate is the rate below which no
bank can allow their lending to anyone. Who sets up this ‘Base Rate’ for banks?
(a) Individual Banks Board
(b) Ministry of Commerce
(c) Ministry of Finance
(d) RBI
(e) Interest Rate Commission of India
Q14. What is a ‘Debit Card’?
(a) It is a card issued by a Rating Agency
(b) It is a card which can be used for withdrawing cash or making
payment even in the absence of any balance in the account
(c) It is a card
which can be used for withdrawing cash or making payment if there is balance in
the account
(d) it is a card which carries prepaid balance
(e) It is a card which can be used for making STD calls
Q15. Bad advances of a Bank are
called?
(a) Overdrawn accounts
(b) Book debts
(c) Non Performing
Asset
(d) Out of order accounts
(e) None
of the above