BankingAwareness Questions- Practice Set 1 When RBI was nationalized? 1 jan 1949 RBI is a __________ Body?

statuory What is the emblem of RBI? Panther & palm tree RBI established on the recommendation of ____________ commission. Hilton young ____________ is the largest public sector bank in india. State bank of india Where is the headquarter of RBI? Mumbai imperial Bank of India was established on the year _______. 1921 State Bank of India Act passed in? 1955 Presently SBI has ______ associate banks. 5 SBI is the largest bank in India with branch network of __________ 26500 With you all the way slogan of which bank? SBI State Bank of Indore was merged with SBI in the year? 2010 State Bank of India was previously known as _____________ IMPERIAL BANK OF INDIA Firs Presidency bank was established on _____________ in ____________. 1806, CALCUTTA Where is the headquarter of SBI? MUMBAI In which year Hilton-Young Commission submitted its report? 1926 Who is authorized to issue currency in India? RBI Reserve Bank of India was established in __________. 1 APRIL ,1935 When did the head quarter of RBI was shifted from Kolkata to Mumbai? 1937 RBI was initially started with capital worth ____________. 5 CRORES Banking Awareness Questions- Practice Set 2 1 First Governor of RBI was a) Hilton Young b) Paul Samuelson c) C.D.Deskmukh d) O.A Smith 2 At the time of nationalization who was the Governor of RBI- a) O.A Smith b) J.B Taylor c) C.D. Deshmukh d) K.C.Neogy 3 The RBI was nationalized in the year a) 1949 b) 1956 c) 1959 d) 1947

4 The general superintendence and director of the bank is entrusted to central board of directors of a)10 members b) 20 members c) 25 members d)30 members 5 Paper currencies of our country are issued by RBI under a) Section- 22 of the RBI act -1934 b) Section- 24 of the RBI act -1934 c) Section- 28 of the RBI act -1934 d) None of these 6 One rupee currency notes bear the signature of - a) PM b) President of India c) Governor of RBI d) Finance Secretary of India 7 Ten rupees notes bear the signature of a) President b) Finance Minister c) Secretary of Ministry of finance d) Governor of RBI 8 Which of the following is the banker of the banks a) IDBI b) SBI C) RBI d)UTI 9 In which of the following banks one cant open a personal account a) Co-Operative Banks b) Commercial banks c) Regional Rural Banks d) RBI 10 Which of the following banks is the banker to the government a) SBI b) SEBI c) RBI d) IRDA 11 Which of the followings are the function of RBI a) Regulation of currency and flowing of credit system b) Maintaining exchange values of rupee c) Formulating monetary policy of India d) All of these 12 Credit rationing in India is done by a) SBI b) LIC c) UTI d) RBI 13 The first bank of India was a) Bank of Hindusthan b) Imperial Bank c) Bank of Bengal d) Oudh Commercial Bank 14 The first Indian fully liability and managed bank was a) PNB b) Traders Bank c) SBI d)0 Presidency Bank of India 15 The rates at which the RBI extends credit to the commercial bank is called a) Bank Rate b) Reverse Repo Rate c)Interest Rate d) None of these 16 In which of the following is not the any element of monetary policy of RBI a) Bank rate b) Open Market Operation c) Public Expenditure d) All of these 17 100 rupees note bears the signature of a) Governor of RBI b) PM c) Finance Secretary of India d) Chairman of Finance Commission 18 Which of the following is the last lender of the last resort of commercial bank- a) SBI b) Union Govt. c) RBI d) UTI 19 The RBI is agent of central government and of all state government except a) Bihar b) Goa c) Jammu and Kashmir d) Mizoram 20 Controller of credit of commercial banks in our country is a) RBI b)SEBI c) ICI d)UTI 21 The Banking Concept in India was first developed by a) British b) French c) Indian d) None of these

22 The rate at which RBI gives short term credit to the commercial banks against government securities with buy back provision is called a) Bank Rate b) Repo Rate c) Reverse repo rate d) Interest rate 23 The rate at which RBI takes loans from commercial banks is called a) Repo Rate b) Reverse Repo Rate c) Bank Rate d) Interest Rate

Banking Awareness Questions- Practice Set 3 Bank rate of RBI is also known as a) Interest Rate b) Discount Rate c) fed rate d) bid rate Which of the following is not the any element of quantitative credit control policy of RBI a) CRR b) SLR c) Selective credit control d) open market operation. At present CRR of RBI is a) 6% b) 7.5% c) 8.5% d) none of these The limitation of CRR of RBI is a)3-10 % b) 3-15% c) 15-38% d) 10-25% The apex organization of Indian money market is a)SBI b) SEBI c) RBI d) IRDA If the cash reserve is lowered by RBI, what will be its effect on credit creation -a) Decrease b) Increase c) No Change d) None of these The expansion of money supply of an economy depends on a) The policy of CRR b) The bank rate policy c) Open market operation d) All of these Among the following who are eligible to benefit from the Mahatma Gandhi National Rural Employment Guarantee Act? a) Adult Members of only the scheduled caste and scheduled tribe holders b) Adult of below poverty line household c) Adult members of household of all backward community d) adult members of any rural household e) None of these Which of the following banks merged with Punjab national banks in 1993 a) New bank of India b) Central Bank of India c) Imperial Bank of India d) Common bank of India A currency, the exchange values of which is expected to remain stable due to strong performance by its economy. This currency is a) Soft Currency b) Hot currency c) Fiat currency d) None of these (Hard Currency) The Reserve Bank of India issues under the following note issue method? a) Proportional Reserve System b) Minimum Reserve System c) Maximum Reserve System d) Fixed Fiduciary System What is a Scheduled Bank? a) A bank having Rs 10 Crore deposits b) A bank having Rs 100 Crore deposits c) A bank having Rs 5 Crore deposits d) A bank included in the second schedule of RBI act 1934. How many languages are used on a Ten Rupee note? a) 2 b) 7 c) 10 d) 15 e) 16

The place where bankers meet and settle their mutual claims and accounts is known as a) Treasury b) Clearing House c) Dumping House d) Collection centre The largest Public sector bank in India -a) SBI b) PNB c) RBI d) ICICI Which of the following is not the function of RBI a) Bankers bank b) Banker to public c) custodian of foreign exchange d) Bankers to Govt. Who is responsible for the collection and publication of monetary and financial information- a) Finance Commission b) Finance ministry c) RBI d) Auditor and Comptroller general of India Which of the following regulatory authority to oversee the new issues, protect the investment and investors, promote the development of Capital Market and regulate the working of Stock Exchange a) UTI b) IRDA c) RBI d) SEBI e) None of these After a long span of 22 years, RBI released Rs.1000/- currency note for circulation in a) 2000 b) 2002 c) 2005 d) 2008 Regional Rural banks are working in all states of the country except a) Sikkim and Goa b) Sikkim and Manipur c) Manipur and Nagaland d) Jammu and Kashmir The National Housing Bank is a subsidiary of a)RBI b) NABARD c)IDBI d) UTI At present the ceiling of Foreign Direct Investment (FDI) in insurance sector in India is a) 26% b) 49% c) 51% d) 74% Rs. 25 Paisa was ceased by the Govt of India on a) 30th june 2011 b) 30th July 2011 c) 1st January 2011 d) 1st July 2011 Initial Public Offering (IPO) is associated with a) RBI b) Stock Exchange c) IRDA d) Indian Postal Service The Basic regulatory authority for mutual funds and stock markets lies with the a) Government of India b) Reserve Bank of India c) Securities and Exchange Board of India (SEBI) d) Stock Exchange Banking Awareness Questions- Practice Set 4 Monetary policy Referes to the policy of a) Money Lenders b) Government c) Commercial Banks d) RBI Controller of credit of commercial banks in India is -a) SBI b) SEBI c) RBI d) ICICI e) UTI First Bank in India with full liability and managed by Indian was a) Bank of Hindusthan b) Allahabad Bank c) Punjab National Bank d) Traders Bank Bank of Calcutta was established in a) 1801 b) 1806 c) 1809 d) 1843 The rate at which RBI takes loans from commercial banks is known as a) Repo rate b) Reverse Repo Rate c) bank rate d) Interest rate

Initially, at the time of establishment of Reserve Bank of India, the headquarter of RBI was situated in a) Mumbai b) Delhi c) Kolkata d) Madras Bank of Bengal, Bank of Bombay, Bank of Madras were also known as a) Presidency Banks b) Traders Bank c) Imperial Banks d) None of these The imperial bank of India was converted to State Bank of India on 1st July 1955 on the basis of recommendation made by - a) All India Rural Credit Survey Committee b) Mudalliar Committee c) Abid Husen Committee d) None of these First report of Narasimham Committee was submitted in a) 1991 b) 1998 c) 1995 d) none of these The second report of Narasimham Committee regarding Indias Banking Sector reforms submitted in a) 1991 b) 1998 c) 1997 d) 2008 Which committee had recommendation to reduce the value of SLR and CRR a) Narasimham Committee b) Chakraborty Committee c) Ranjarajan Committee d) None of these When face value of currency is higher than internal values- this currency known as a) Fiat Currency b) Soft Currency c) token currency d) hard currency e) None of these When a currency is enforced by law it is known as -a) Fiat Currency b) Soft Currency c) token currency d) hard currency e) None of these In the Dear Money Policy of RBI a) Money supply is raised by reducing the value of Bank Rate b) Money supply is reduced by increasing the value of Bank Rate c) Money supply is increased by increasing the value of Bank rate d) money supply is reducred by increasing the value of bank rate In which country some federal banks act as the central bank being united a) USA b) UK c) China d) Germany Bank of International Settlement was established in a) 1930 b) 1935 c) 1940 d) 1945 Deposit Insurance corporation, a fully subsidiary of RBI, was established by RBI in a) 1962 b) 1965 c) 1970 d) 1978 Presently the monetary policy of RBI is based on the recommendation of a) Chakraborty Committee b) Narasimham Committee c) Abid Hused Committee d) Kelkar Committee A currency whose exchange rate tends to fall because of persistent balance of payment deficit is known as a) Hard currency b) Soft Currency c) Gold Currency d) Sinking Currency Modernised Currency notes presses in India are located in a) Mysore in Karnataka b) Salboni in West Bengal c) Hyderbad in Andhrapradesh d) Both a and b

Banking Awareness Questions- Practice Set 5 We often come across the term Production Sharing Contract (PSC) in financial news these days. PSC refers to sharing of output with the government by companies, public sector as well private ones, in which sector? a) Fertiliser b) Food Processing c) Telecoms 4) Petroleum 5) None of these Which public sector bank completed the acquisition JSC Daba Bank of Kazakhstan recently? a) Dena Bank b) Canara Bank c) PNB d)Bank of India e) None of these The apex body in Insurance sector in India is a) SEBI b) RBI c) Ministry of Finance d) IRDA e) None of these Which of the following has become the first state to sign a MoU with Ministry of Statistics and Programme Implementation under the state statistical strengthening project (SSSP) that will aim at building at statistical capacity and infrastructure recently? a) Uttar Pradesh b) Karnataka c) Kerala d) Tamil Nadu 5) None of these Life insurance corporation of India was created in which year? a) 1st September 1956 b) 1st January 1956 c) 22nd November 1972 d) 1st April 1949 Cairo Programme of Action (POA) refers to which of the following ? -a) Vaccination b) Adult Literacy c) Food Security d) Population control e) None of these Industrial Development Bank of India (IDBI) was established in which year ? a) 1956 b) 1964 c) 1982 d) 1988 Which of the following has/have been selected as the sole fund manager by the Employees Provident Fund Organisation (EPFO) to manage its corpus of about Rs. 3.5 Lakh recently? a) State Bank of India b) ICICI Prudential c) HSBC d) Reliance Capital e) none of these What is the objective of the central registry launched under the provision of the SARFAESI Act 2002, recently? a) To Prevent leakage of funds in delivery of central government sponsored rural employment schemes b) To prevent tax evasion by Indians by keeping track of large transactions in the banking system. c) To prevent frauds in loan cases involving multiple lending from different banks on the same asset d) To ensure timely delivery of agricltural credit under priority sector norms by Public Sector Banks e) None of these Rabobank has received the Reserve Bank of India approval to set up its first branch in India recently. It is a bank headquartered in which country? -) France b) Belgium c) Britain d) Netherlands e) None of these Justice Wadhwa Committee is reviewing the functioning of which of the following? a) Mid-Day meal programme b) Public distribution system c) Rashtriya Swasthya Bima Yojna d)Indira Awas Yojna e) None of these Which of the state was in news for passing a Bill for regulating Micro Finance Institutions recently? a) Tamil Nadu b)Bihar c) Karnataka d) Andhra Pradesh e) None of these

The ministry of New and Renewable Energy has decided to tie-up with which country to tap the latters expertise in exploiting geo-thermal energy resources recently? a) South Africa b) Iran c) Iceland d) Bolvia e) None of these In which year National Housing Bank was established? a) 1998 b) 1988 c) 1978 d) 1982 The pension fund regulatory and development authority (PFRDA) has taken which of the following decision to popularize the New Pension System (NPS) recently? a) It has increased government subsidy for NPS deposit holders b) It has increased distributors commission. c) It has allowed premature withdrawal d) It has increased the interest rate on NPS deposits The general insurance business in India was nationalised by Government of India in which year ? -a) 1971 b) 1972 c) 1982 d) 1956 What is meant by recent news reports saying -Indian Rupee is appreciating? I. The purchasing power of the Rupee in India has declined II. The Exchange rate of Rupee in India has gobe up III. The purchasing power of the Rupee in India has gone up a) I Only b) II only c) Both II and III d) III only e) None of these GRIHA rating system is used for which of the following? a) Cement b) NBFCs c) Buildings d) Gold e) None of these Which of the Public Sector Companies Sold Gold coins and Silver ornaments under the trademark Sanchi ? a) Rate Earths Ltd b) Minerals and Metals Tradng Corporation (MMTC) c) State Trading Corporating (STC) d) National Minerall Development Corporation (NMDC) e) None of these General Engineering Appraisal Committee (GECA) recently gave its approval for field trials of a generically modified variety of which of the following cash crops? a) Coconut b) Rubber c) Pepper d) Cardamom e) None of these What does the word remittances, a word we often come across in newspaper article on Foreign exchange reserve, refers to a) Money transfer by a Migrant worker to their home country b) Postponement of Payment to the IMF c) Donation by Individuals to a charity d) Taxation obligation of developing countries What is the objective of the National Mission for Electric Mobility launched recently ? a) Promoting the use of Battery operated vehicles b) Prmoting the use of energy savings devices c) Promoting the replacement of diesel by electric locomotives in Indian railway d) Promoting the spread of mobile services in Rural Areas in India Which state in India has launched the Jeevandhara programme to provide quality medicines at affordable prices to the poor recently ? a) Andhra Pradesh b) Gujrat c) Maharastra d) Rajasthan e) none of these

What is the objective of India Smart Grid Forum (ISGF)? a) To Promote R and D collaboration between universities and industry b) To promote energy efficiency in power sector c) to promote the use of Nonrenewable source of energy d) To promote higher education using Broadband. Which of the following became the Indias first bank to facilitate payment of Income tax using ATM recently? a) State Bank of India b) Union Bank of India c) Punjab National Bank d) Canara Bank The government had approved the creation of posts of Indirect Tax Ombudsmen in several cities recently? I. It will be set up in Seven Cities II. It will examine public complaints on Income Tax matters III. It will have the powers to give settle claims and give awards to the aggrieved parties a) I only b) II Only c) II and III Only d) I and III Only Which of the following statement is/are correct about the distribution of Central Financial Assistance to states? I. Central Financial Assistance for States is calculated according to the Gadgil Formula b) The highest weightage is given to the per capita income of the state III. The lowest weightage is given to the population of the state. a) I Only b) II only c) I and II only d) III only The all india federation of Horological Industries represents the Interest of Which of the Following Sectors? a) Watch b) Horticulture c) Gems and Jewelery d) Pharmaceuticals e) None of these The abbreviation EAG States mentioned in the Census 2011 referes to which of the following? a) Eligible Action Group States b) Economically Advancing Group States c) Empowered Action Group States d) Empowered Advancing Group States Power produced from which of the following sources has the highest share in Indias annual power generation capacity? a) Hydro b) Coal c) Gas d) Nuclear e) None of these

Banking Awareness Questions- Practice Set 6 How many commercial Banks are functioning in India as per the Statistical Tables Relating to the Banks in India 2009-2010' unveiled by the RBI in march 2011? -a) 135 b) 167 c) 193 d) 256 e) None of these What is the share of private expenditure on health the total health report of the world health organization released recently? a) 12% b) 37% c) 72% d) 46% e) None of these The headquarter of Punjab National Bank is at a) New Delhi b) Mumbai c) Kolkata d) Punjab e) None of these Which of the following are not listed on stock exchanges in India? -a) Fertiliser Companies b) NBFCs c) Insurance Companies d) Air lines The current Base Rate of RBI? a) 5.5 % b) 6% c) 8.5% d) 7% e) None of these

Which of the following had the highest share of bank credit (occupation-wise) as on March 31,2009 according to a RBI report released recently? a) Agriculture b) Industry c) Trade d) Transport e) None of these BHAVANI is a public sector company in which sector? a) Shipping b) Metals trading c) Space d) Nuclear energy e) None of these Who was the governor of RBI who represented India in Bretton wood negotiations in 1944? a) O.A Smith b) C.D Deshmukh c)Duvvuri Subbarao d) Manmohan Singh e) None of these Which of the following has become the first state in India to announce a monthly allowance to unemployed under-graduates recently? - a) Goa b) Kerala c) Tamil Nadu d) West Bengal e) None of these Which of the following statements about the Indian Economy in 2050 as [er recent report by Price Waterhuse Coopers (PWC) is/are true? I. Indias GDP in Market Exchange Rate (MER) terms will be the fourth highest in the world in 2050. II. Indias GDP in Purchasing Power Parity(PPP) terms is the second highest in the world in 2050. III. Only China will be ahed of India in both MER and PPP in 2050. a) I only b) I and II only c) II and III only d) II only e) None of these Pratip Chaudhuri is the Chairman and Managing Director of which Commercial Bank in India a) UBI b) PNB c) SBI d) Bank of Baroda e) None of these What should be the solar energy in states total power tarrif policy recently? a) 1% b) 2% c) 3% d) 4% e) None of these Which of the following about the FDI in retail sector is/are correct? - I. 100% FDI is permitted in cold chain through automatic route. II. 100% FDI is permitted in wholesale cash and Carry. III. Upto 33% FDI is permitted in single brand retail. a) I only b) I and II only c) III only d) I,II and III All Correct e) None of these Currently the total number of SBI Associate Bank working? a) Eight b) Seven c) Six d) Five e) Four ING Group is originally belongs to which country? a) Great Britain b) Netherlands c) South Africa d) Japan e) None of these Standard Bank is originally belongs to which country? a) Great Britain b) Netherlands c) South Africa d) Japan e) None of these The Nation banks on us is a business tagline of which commercial bank in India? a) Punjab National Bank b) UBI c) Bank of Baroda d) SBI e) None of these The Bombay Stock Exchange launched the BSE TASIS Shariah 50 a stock index that is compliant with Shariah- recently. The index cannot invest in shares of companies in which of the following sector? I. Banking II. Cement and Steel III. Alchohol and Tobacco products

a) I only b) II only c) I and III only d) III Only e) None of these The first nationalized bank in India? a) SBI b) RBI c) PNB d) UBI e) None of these Which of the following has decided to enter the nuclear power sector following an agreement with the Nuclear Power corporation recently? a) Tata power b) NHPC c) ONGC d) Indian Oil e) None of these Which of the following bank has launched the Bank on Bike initiative to cover villages untouched by banking facilities so far, recently? a) PNB b)Bank of India c) Bank of Baroda d) SBI e) None of these Which of the following is the oil exploration and production company operating in Siberia and owned by the ONGC? a) Venture Production b) Regal petroleum c) Imperial energy d) Enterprise Oil e) None of these Government has decided provide equity support to public sector banks to raise its holdings to a) 58% b) 55% c) 62% d) 68% e) None of these Which of the following is not covered under the compulsory labeling programme of the Bureau of Energy Efficiency (BEE) ?- a)Air Conditioner b) Geysers c) Refrigerators d) Distribution Transformers e) None of these The headquarter of Allahabad Bank is at a) Allahabad b) Lucknow c) Kolkata d) New Delhi e) None of these Which foreign banks publishes the monthly Purchasing Managers Index (PMI) that measures the health of manufacturing sector in India and based on a survey of top 500 companies? a) HSBC b) Barclays Bank c) Citi Bank d) Sanchart Bank e) None of these The Banking Laws (amendment) Bill 2011 was tabled in Parliament recently. Which of the following statements is/are correct as per current policy? I. At present promoter and shareholders of private banks cannot exercise voting rights in proportion to their shareholding II. Voting rights of a nongovernment shareholders in nationalized banks cannot exceed 5% irrespective of the size of his shareholding. III. Voting rights of a shareholder in private sector banks cannot exceed 10% irrespective of the size of his shareholding a) I Only b) I and II only c) I and III Only d) III only e) None of these The headquarter of Bank of India is at a) Kolkata b) Baroda c) New Delhi d) Mumbai e) None of these In 2010 which of the SBI Associates Bank was merged with the mother bank SBI? a) State Bank of Saurastra b) State Bank of Indore c) State Bank of Bikanir d) State Bank of Jaipur e) None of these Tax on short term capital inflows is named after which Nobel Laureate in economics? a) Gary Becker b) James M. Buchanan c) James Tobin d) Myron Scholes e) None of these

Banking Awareness Questions- Practice Set 7 Anushakti Vidhyut Nigam Ltd was incorporated as a joing venture between Nuclear power Corporation of India lts and which of the following recently? a) NMDC b) NHPC c) BHEL d) NTPC e) None of these Which of the following become the first oil and gas company to find shale gas deposits in India recently? a) Reliance Industries Lts. b) Cairn India c) Essar Oil d) ONGC e) None of these Which countrys gold output of 340.88 tonnes was the highest in the world in 2010? a) India b) Canada c) China d) USA e) South Africa Infant Mortality Rate data for high focus states (states where IMR is above natinal average) is collected once every five years. The Union health Ministry has now decided to collect such data __________ a) Half- yearly b) Annually c) once every two years d) once every three years e) None of these The term round- tripping often appears in financial news these days. What does it mean? a) Importing products that are not easily available in the domestic markets. b) Indian companies reexporting imported products without any value addition. c) Bringing back illicit money hidden abroad by Indians under a different name d) Imposing high customs duty to discourage dumping goods in Indian Market e) None of these China emerged as the second largest economy of the world overtaking ___________ ? a) France b) Britain c) Germany d) Japan e) None of these Which of the following was founded in 1956 by the Government of India with funding from the Ford Foundation? a) National Institute of Public Finance and policy b) National Institute of Bank management c) National Council of Applied Economic Research d) National Institute of Financial Management e) None of these CARINGS has been launched by Ministry of Women and Child Development to a) Improve gender parity b) reduce infant mortality c) facilitate adoption d) Improve child immunization e) None of these The Union Cabinet has approved amendments in the Coinage Bill 2009 that seeks to amalgamate four existing acts relating to coinage recently. Which of the following acts is the oldest? a) The Indian Coinage Act b) The Small Coins (Offenses) act. c) The Medal Token Act d) The Bronze Coin (Legal Tender) act e) None of these Which of the following is not a hedge fund? a) Gartner b) Highbridge c) D.E Shaw d) Magellan e) None of these Which of the following organization has introduced a new tool named Data Ware Housing and Business Intelligence System (DWBIS) for speedy analysis of data and identification of violations? a) IRDA b) SEBI c) RBI d) TRAI e) None of these The government has introduced three new consumer price indices CPI (Rural), CPI (Urban), CPI (Combined)- with 2010 as the base year recently. Which of the following is not among the five major

commodity groups covered in the indices? a) Food, beverages and tobacco b) Fuel and light c) Education and schooling d) housing e) None of these What was the share of the priority sector lending in lending by commercial banks as on March 31, 2010 as per the Statistical Tables Relating to Banks in India 2009-2010' report unveiled by the RBI recently? a) 31% b)24 % c) 16% d) 36 % e) None of these Which foreign banks in India has the highest no of employee working in India? a) HSBC b) Royal Bank of Scotland c) Standard Charterd Bank d) Citi Bank e) None of these The Rashtriya Krishi Vikas Yojana (RKVY) will be implemented in the coming years (2011-2012) with a budget of Rs. 7860 crore and nine sub-schemes. Which of the following sub-schme refers to livestock development, dairy farming and fisheries? a) Rainfed Area Development Programme b) National Mission for protein suppliements c) Promotion of Oil Palm d) Accelerated Fooder Development Programme e) None of these Which of the following does not come under the defination of Scheduled Commercial Banks in India? a) Scheduled State Co-Operative banks. b) Scheduled Urban Co-Operative banks. c) Regional Rural banks d) None of the above Which of the following has the highest no of commercial bank branches in India s on March 31, 2010 as per the Statistical Tables Relating to Banks in India 2009-2010' report unveiled by the RBI recently? a) UP b) MP c) Maharastra d) AP e) TN Which of the following has the highest number of branches in country as per the Statistical Tables Relating to Banks in India 2009-2010' report unveiled by the RBI recently? a) Rural b) Semi- Urban c) Urban d) Metropolitan e) None of these Which bank has announced an end to its teaser home loan scheme recently? -a) Bank o India b) UBI c) HDFC d) SBI e) None of these The government has decide to set up an inter-ministerial group chaired by Planning Commission member Arun Maira to examine the issue of Imposing restrictions on FDI in pharmaceutical industry. How much FDI is permitted currently? a) 100% b) 51% c) 49% d) 33% e) None of these Banking Awareness Questions- Practice Set 8 Which of the following has launched the TransUnion Score that will indicate credit-worthiness of consumers applying for loan from Banks? a) Experian Credit Information Co b) Credit Information Bureau Ltd. c) Indian Credit Rating Agency d) Equifax Information services Which bank has announced an end to its teaser home loans? a) HDFC b) SBI c) ICICI d) UBI e) None of these Who is the Director of RAW (Research and Analysis Wing)? a) A.P Singh b) Nichal Sandhu c) Sanjeev Tripathi d) N.R Das

The Government has decided to set up an inter-ministerial group chaired by Planning Commission member Arun Maira to examine the issue of imposing restriction on FDI in pharmaceutical industry. FDI is permitted currently ? a) 26% b) 51% c) 100% d)65% Which of the following is the criterion for allocation of food grains under the Public Distribution System (PDS) to below poverty line (BPL) families? Same quantity of food grains is given to every BPL family How much was the net foreign Institutional Investor investment in Indian Stock market in 2010-2011 according to SEBI? a) Rs. 0.76 Lakh Crore b) Rs. 0.95 Lakh Crore c) Rs.1.46 lakh crore d) Rs. 1.17 lakh crore The government has launched Service Discharge Benefit Scheme for over 2.7 lakh employee of which organization recently? a) Department of Telecom b) Indian Army c) Department of Posts d) Indian Railways Accredited Social Health Activists (ASHAs) in which state are known as Mitanins? a) Jharkhand b) Rajasthan c) Chattishgarh d) Odisha e) None of these Health and Wellness Tourism Advantage India, a study that offers a 10 points prescription to boost health and wellness tourism in India, is a joint initiative of Yes Bank and ___________. a) MCI b) FICCI c) IMA d) CII Montek singh ahluwalia recently awarded with which award? a) Padmabushin b) Padmashree c) Janpeet Award d) Magasasay Award Kimberley Process certificates are compulsory for trade in which of the following? a) Diamond b) Gold c) Radioactive materials d) All of the above e) None of these The Foreign Contribution Regulation Act (FCRa) 2010 came into effect from May 1, 2011. Which of the following statements is/ are correct? I. Organizations of political nature can receive foreign funds only after prior clearances from the government. II. Organizations that receive foreign funds will have to renew their registration once every three years. III. Banks will have to immediately report to the government about all foreign funds exceeding Rs. 10 Lakh. a) I only b) II Only c) III Only d) I and II only e) None of these Who is the present Cabinet Secretary? a) A.K Seth b) Vinod Rai c) A.K. Sen d) Jahar Sarkar e) None of these The Reserve Bank of India has increased the amount of money that can be loaded on mobile that can be loaded on Mobile Phones (Mobile Wallet) to __________ from the existing limit of Rs. 5000 recently. a) Rs. 50,000 b) Rs. 15,000 c) Rs. 25,000 d) Rs. 10,000 e) None of these Who is the present leader of opposition in Lok Sabha? a) Arun Jaitley b) Sushma Swaraj c) Lal Krishna Advani d) Mamata Banerjee

Which of the following statements about new RBI policy on bank loans to Non-banking Finance Companies (NBFCs) is/are correct? I. Bank loans to NBFCs will not come under priority sector lending II. NBFCs cannot charge a rate of interest higher than the RBI prescribed rate in lending funds borrowed from banks. III. The Interest margin earned by NBFCs in lending funds borrowed from banks cannot exceed the ceiling of the RBI. a) I only b) II only c) III only d) I and II Only e) None of these Which of the following has proposed the setting up of a National Knowledge Functional Hun (NKFH) to facilitate interaction between the industry and institutions of higher education to produce better quality manpower recently? a) National Knowledge Commission b) ASSOCHAM c) CII d) FICCI e) None of these Who is the chairman of National Knowledge Commission ? a) Shyam Banegal b) Sam Pitroda c) Manmohan Singh d) Montek Singh Ahluwalia e) Ratan Tata Nuclear plants in India have an Exclusion Zone of ________ surrounding the power stations, in which no habitation is permitted. a) 1.4 Km b) 1.6 Km c) 16 Km d) 8.4 Km e) None of these Improving regulation of which of the following was the subject of the Finance Ministry appointed KP Krishnan Committee? -a) Credit Ration Agencies b) Mutual Funds c) Microfinance Institutions d) Life Insurance companies e)None of these Asha is a low-priced milk food drink introduced for rural consumers by which of the following? a) Cadbury b) Amul c) GlaxoSmithKline d) Nestle e) None of these Which of the following has launched Tiny Cards with biometric Identifications to expand the coverage of banking services in rural parts of the country? a) ICICI Bank b) UBI c) NABARD d) SBI e) Bank of India Which of the following is the new income tax return from salaried employee introduced by the finance ministry recently a) Suvidha b) Sahaj c) Sugam d) Saral ONGC Videsh Lts (OVL) signed an agreement to acquire ______ stake in the Satpayev oil block in Central Asia recently. ? a) 30% b) 50% c) 51% d) 25% e) None of these The Present discount rate of RBI ? a) 6 % b) 7.5 % c) 8.5% d) 24% e) None of these

Banking Awareness Questions- Practice Set 10 Which of the following country is the highest source for foreign direct investment to India, accounting for 40% of FDI flow in the last ten years, according to the RBI? USAMauritiusUKSingaporeNone of these The government plan to set up a Green National Accounting (GNA) system to evaluate impact of economic growth on environment. Who has been selected as the chairperson of the expert group GNA?

Madhav Gadgil Parthasarathi Shome B. Ulhas Karanth Partha Dasgupta None of these Global Assessment Report (GAR) of which of the following has complimented the Government of India for its National Rural Employment Grantee Act (NREGA) recently? UN IMF World Bank European Union ILO The government has approved the revival of Scooters India Limited (SIL) through induction of a joint venture partner recently. SIL sells scooters under which trademark? Bharat Vikram Bajaj Scooter Vijay Mayur Where was the World Spice Organization (WSO) set up recently? Kannur Kochi Kollam Kottyam Which of the following not one of the objectives of setting up the Warehousing Development and Regulatory Authority? To improve farm sector Yield

To enable farmers to avail of loans against food grains stored To reduce post - harvest losses in foodgrain storage To prevent post harvest distress sales by farmers Which of the first states in India to introduce e-payment system for commercial tax payers recently? UP Maharastra Karnataka MP West Bengal Which of the following submitted report titled 'Social Protection for a Changing India' - a comprehensive review of anti-poverty schemes such as PDS, MGNREGS, RSBY, IAY recently? World Economic Forum World Bank IMF Planning Commission CMIE Which of the following is not among the Industries/sectors given priority in natural gas supply in the country? Steel Fertilizer LPG Power Since March, 2010 How many times Reserve Bank of India (RBI) has altered the Repo and Reverse Repo rate? Twelve Thirteen Fourteen

Never Changed None of these Banking Awareness Questions- Practice Set 1 On which of the following dates it the National Youth Day observed to commemorate the birth anniversary of Swami Vivekanand? January 11 January 12 January 13 January 14 January 15 The third phase of Red Ribbon Express has been lainched recently and will cover 23 states of India. The Red Ribbon Express is designed to spread awareness about Corruption HIV/AIDS Official Red-tapism Honour Killing Awareness against Maoists Recently commerce ministry has lowered minimum export price of onions by Rs. 100 a tonne to _______ a tonne to boost exports. Rs. 120 Rs. 140 Rs. 150 Rs. 180 Rs. 220 Who among the following has wrote the book titled Idea of Pakistan? General Kayani Stephen Cohen

Yousuf Raza Gilani Imran Khan Gen Parvez Musharraf NRI day is celebrated on Which date? January 8 January 9 January 10 January 11 First Sunday of January Who among the foreign dignitaries was given the prestigious Pravasi Bharatiya Samman award recently in Jaipur? Yingluck Shinawatra Kamal Persad Bissessar Joseph Kabila Ian Khama None of these Homai Vyarawalla, who passed away recently, was India's first woman Speaker of the Lok Sabha Governor of an Indian State Photo Journalist Captain of Woman's Cricket Team Advocate General In which of the following countries are peace talk to begin with the Taliban in the context of political settlement of Afghanistan, where the Taliban has agreed to open a political office? Saudi Arabia Qatar

India Pakistan UAE In which city the three day partnership summit of the Confederation of Indian Industry (CII), 2012 came to a close recently? Mumbai New Delhi Goa Hyderbad Lucknow Who among the following has written the book Non-Stop India? Wilson John Mark Tully Chetan Bhagat Gurcharan das Raj Kamal Jha Banking Awareness Questions- Practice Set 12

The Golden Peacock Innovative Products/Service Award for 2011 has been awarded to Bank of India Indian Bank State Bank of India Bank of Baroda Recently Central Government has approved capital infusion of 27,900 cr into which bank? Bank of Baroda United Bank of India

State Bank of India NABARD IDBI Mutual fund has announced the launch of an open-ended debt scheme known as IDBI Dynamic Bond Fund IDBI Dynamic Bond IDBI Bond Fund Indian Dynamic Bond Fund The new CMD of Indian Register of Shipping (IRS) is Aruna Sharma Arun Sharma Arun Sen Arun Seth The Government is planning to set up a new body to oversee telecom and cyber security called the International Telecom Network Security Coordination Board National Telecom Network Security Coordination Corporation National Telecom Network Security Coordination Board International Telecom Network Security Coordination Corporation Who is the newly appointed Executive Director of Corporation Bank Amar Lai Daultani Vinod Mehta Amit Lai Daultani Pratip Chowdhury State Bank of Travancore (SBT) has announced the appointment a new Chief General Manager Madanlal Ghosh Bimal Chandra Paul

NC Jacob MC Jacob Recently Invest India has signed Memorandum of Understanding for co-operation on bilateral investment promotion and facilitation with The Board of Investment (BOI) of which country? Mauritius South Africa USA UAE The Delhi Metro Rail Corporation has appointed a new Director ? Santendra Tyagi Sashi Kumar Jitendra Tyagi Manav Singhbal Who is the newly appointed Managing Director of Life Insurance Corporation (LIC)? Sushobhan Sardar Sushobhan Sarker Sankar Sarkar Pratip Chowdhury Banking Awareness Questions- Practice Set 13 D.K. Mehrotra took charge as Chairman of which of the following organizations in May, 2012? (A) SBI (B) LIC (C) TRAI (D) SEBI (E) None of these The Supreme Court disallowed import of which species from Namibia for introduction in Indian forests in May 2012? (A) Tiger (B) Leopard (C) Cheetah (D) Giraffe (E) None of these P.A Sangma resigned as member of which of the following to contest the Presidential Election in July 2012? (A) Lok Sabha (B) Rajya Sabha (C) Vidhan Sabha (D) Vidhan Parishad (E) None of these

Victoria Azarenka is associated with Lawn Tennis belongs to which country? (A) Belgium (B) Belarus (C) Brazil (D) Serbia (E) None of these Who among the following was the best Player of UEFA Euro 2012? (A) Fernando Torres (B) Andres Iniesta (C) Cristiano Ronaldo (D) Mario Gmez (E) Mario Balotelli

Head office of which of the following Bank is in Kolkata? (A) Union Bank of India(B) United Bank of India(C) Punjab National Bank (D) State Bank of India(E) None of these Which of the following Awards is given for excellence in the field of Music? (A) Kalidas Samman (B) Saraswati Samman (C) Tansen Samman (D) Arjuna Award (E) None of these On which day World Oceans Day is observed? (A) May 8 (B) June 8 (C) July 8 (D) August 8 (E) None of these Who has taken over as Controller General of Accounts (CGA) on July 1, 2012? (A) Vinod Rai (B) A.P. Singh (C) Jawahar Thakur (D) C.R. Sundaramurti (E) None of these Which of the following is true about RuPay? I. It is a domestic card payment network II. RuPay is the Indian wing of Visa Inc III. RuPay Network was setup bu National Payments Corporation of India (NPCI) (A) Only I is true (B) Only II is true (C) Only I and III are true (D) All True (E) None True Banking Awareness Questions- Practice Set 14 Which of the following countries in India's neighborhood has agreed that Indians staying in the order areas will be allowed to visit upto 16 km inside its boundary without obtaining visa/permit? (A) Bangladesh(B) Pakistan (C) Nepal (D) Myanmar (E) Bhutan Business Correspondent framework launched by the Reserve Bank of India is a step in achieving which of the following? (A) Transparency in Banking transactions (B) Financial Inclusion(C) Better control over cooperative

(D) Providing direct subsidy to consumers of Public Distribution System (PDS).(E) None of these We often heard the term DRS in News Papers or in News Channels. What 'R' mean in DRS? (A) Receive (B) Receipt (C) Review (D) Replay(E) None of these The Prime Minister of India was in Russia on a three day visit in December 2011 to attend (A) Festival of India (B) G-20 Summit (C) India- Russia Summit (D) WTO Summit(E) None of these

Which popular and celebrated Assamese poed and winner of the Sahitya Akademi Award passed away recently in Guwahati? (A) Sudhendu Mitra (B) Kaushik Bose(C) Hiren Bhattacharya (D) Anand Sen(E) None of these In a relief to small home loan borrowers, the government in July 2012 provided interest subsidy of Rs. 14912 for an individual borrower for loans upto (A) 3 Lakh (B) 5 Lakh (C) 10 Lakh(D) 15 Lakh(E) 20 Lakh Who is the present president of International Cricket Council (ICC)? (A) Sharad Pawar (B) Alan Isaac (C) John Harnden (D) Ijaz Butt(E) None of these Who is the present director of Bhabha Atomic Research Centre (BARC)? (A) Kaushik Basu (B) Shekhar Basu(C) Kaushik Sen(D) A.P Singh(E) None of these Name the Chief Minister of an Indian State who was recently in news for his/her controversial remark on Indian Judiciary. (A) Akhilesh Yadav(B) Jayalalithaa Jayaram(C) Narendra Modi(D) Mamata Banerjee(E) None of these Which country recently unveiled a bust of noble laureate Rabindranath Tagore? (A)Cambodia (B)Colombia (C)South Africa (D)Brazil(E) None of these

Banking Awareness Questions- Practice Set 15 Which bank recently waives minimum balance for savings accounts for its customers? (A) State Bank of India(B) Union Bank of India(C) Axis Bank(D) United Bank of India (E) None of these Which bank recently gives loan of $800m ti build roads in five states in India?

(A) World Bank(B) Asian Development Bank(C) NABAARD(D) World Bank (E) None of these What is India's rank in global innovation Index? (A) 63(B) 64(C) 65(D) 66(E) None of these

Which organization recently scaled down its projection for India's economic growth to 6.5% for this financial years from its previous prediction of 7%? (A) World Bank(B) Asian Development Bank(C) IMF(D) Planning Commission of India (E) None of these What is India's Rank on Chile Development Index? (A) 110(B) 111(C) 112(D) 113(E) 114 Which state government in India recently issued 'Samajik Mukti' smart card to the workers of unorganized sector? (A) Bihar (B) Tripura (C) Tamil Nadu(D) West Bengal(E) None of these Who is the present Prime Minister of Singapore, visited India recently on July 11, 2012? (A) Xie Xuren(B) Lee Hsien Loong(C) Daniel Ortega (D) Yingluck Shinawatra(E) None of these Recently, T. Sudhindra was in News for various reasons. He is a _____? (A) Singer(B) Footballer(C) Cricketer(D) Author(E) None of these Which Team won the Under 19 Asia Cup Cricket Championship? (A) India(B) Pakistan(C) Sri Lanka(D) Bangladesh(E) Both India-Pakistan Which country will host the Fourth Edition of Champions League Twenty20 Cricket Tournament? (A) India(B) Sri Lank(C) South Africa(D) Australia-New Zealand(E) None of these

Banking Awareness Questions- Practice Set 16 Which country elected Tomislav Kikolic as its new President in the election organized in May 2012? (A) Serbia(B) Croatia(C) Albania(D) Slovenia(E) Macedonia

Which of the following is the new department created by government of India in May 2012? (A) Minority Affairs(B) Tribal Affairs(C) Wildlife Affairs(D) Employment Affairs (E) Disability Affairs Reserve Bank of India was established on the recommendation of which Commission/ Committee/ Act? (A) All India Rural Credit Survey Committee(B) Willingdon Committee (C) Hilton- Young Commission(D) Government of India Act(E) None of these The fourth ICC World Twenty20 Competition (T20 World Cup 2012) will be held in which country? (A) South Africa(B) Sri Lanka(C) India(D) England(E) None of these Who became the first overseas player to get the honorary Life Membership of the Sydney Cricket Ground (SCG) in 2012? (A) Jonathan Trot (B) Brian Lara (C) Rahul Dravid (D) Sachin Tendulkar(E) V.V.S.Laxman Bharti Airtel became the first telecom player to launch the 4G service in India on April 11, 2012. In which city was this service launched? (A) New Delhi (B) Kolkata (C) Bangalore (D) Mumbai(E) Chennai Fortune magazine has released the list of "12 Greatest Entrepreneurs of our Time". Who is the only Indian in this list? (A) Ratan Tata(B) Mukesh Ambani(C) Dhirubhai Ambani (D) N.R.Narayana Murthy(E) Azim Premji Which of the following offenses is proved by National Investigation Agency (NIA)? (A) Communal(B) Corruption(C) Terrorist(D) Environmental(E) None of these Which SAARC country recently announced a scheme for dual citizenship? (A) Maldives (B) Bhutan(C) Nepal (D) Sri Lanka(E) Bangladesh Krishna Poonia is India's National record holder in which athletics event? (A) Long Jump(B) High Jump(C) Shot Putt(D) Discus throw(E) Javelin throw

Banking Awareness Questions- Practice Set 17

Which one of the following is the correct sequence in the decreasing order of contribution of different sectors to the Gross Domestic Product (GDP) of India? (A) Service-Agriculture-Industry(B) Service-Industry-Agriculture (C) Industry-Service-Agriculture (D) Industry-Agriculture-Service(E) Agriculture-Industry-Service What is the present name of the erstwhile UTI Bank? (A) Yes Bank (B) IDBI Bank Ltd (C) Axis Bank(D) RBS (E) IndusInd Bank Runako Morton was killed in a road accident recently. He played 15 Tests for which of the following teams? (A) Australia (B) New Zealand (C) West Indies(D) South Africa(E) England Which among the following country has recently overtaken UK to become the world's sixth largest economy? (A) USA (B) India (C) Brazil(D) China(E) Japan Which of the following is not a Banking or Finance company? (A) RBS (B) Barclays (C) Lufthansa (D) HSBC (E) BNP Paribas Which of the following is not a money market instrument? (A) Treasury Bills (B) Commercial Papers (C) Certificate of deposit (D) Equity Shares (E) None of these Which of the following term refers to Smart Money? (A) Foreign Currency (B) Internet Banking (C) Credit Card (D) Travelers Cheques (E) US Dollars A Money Deposited in a Bank that cannot be withdrawn for a preset fixed period of time is known as a (A) Savings Bank Deposit (B) Checking Account (C) Term Deposit (D) No Frills Account (E) Current Deposit Many Banks have launched their subsidiaries which are fully owned by them. Banks launch subsidiaries normally for which of the following business? I. Home Loan Business II. To Sell Insurance Policies III. To Control Online Operations or Internet Banking Business (A) Only I (B) Only II (C) Only III (D) All I,II and III (E) None of these The Economic and Social Commission for Asia and the Pacific (ESACAP) is associated with which of the following organizations? (A) World Bank (B) European Union (C) SAARC (D) ASEAN (E) UNO Banking Awareness Questions- Practice Set 18

Which of the following organizations/ agencies has decided to establish a national Innovation foundation (NIF) to encourage early stage innovations in India? (A) Confederation of Indian Industry (CII) (B) University Grant Commission (UGC) (C) Atomic Energy Commission (AEC) (D) Department of Science and Technology, Government of India (E) Council for Scientific and Industrial Research (CSIR) As decided by UNESCO, the International Literacy Day is observed on which of the following days every year? (A) September 8 (B) March 18 (C) March 28 (D) September 18 (E) None of these Which Public Sector bank of India opened 171 ultra small branches in a single day recently? (A) United Bank of India (B) UCO Bank (C) Bank of Baroda (D) Vijaya Bank (E) Indian Bank 'Project Tiger' is a scheme launched by which of the following (A) Government of Gujrat and Madhya Pradesh (B) United Nations Wild Life Fund (C) Government of India (D) Society for Prevention of Cruelty to Animal (SPCA) (E) None of these SBI recently launched SBI Virtual Card. What type of Card is SBI Virtual Card? (A) Debit Card (B) Credit Card (C) Limit Debit Card (D) Limit Credit Card (E) None of these Who is the deputy governor of Reserve Bank of India who's term was extended recently? (A) D. Subbarao (B) Dr. Subir Gokaran (C) Dr. K.C. Chakrobarty (D) Anand Sinha (E) None of these Who was the governor of the Reserve Bank of India at the time of its Nationalization? (A) D. Subbarao (B) Dr. Manmohan Singh (C) C.D. Deshmukh (D) O.A. Smith (E) None of these Which bank first established the Talking ATM in India? (A) United Bank of India (B) Bank of Baroda (C) State Bank of India (D) Union Bank (Union Bank of India)

(E) None of these Which of the following is not correct about the acceptance of deposits by the Non-Banking Financial Companies (NBFCs)? (A) They are allowed to accept/renew public deposits for a minimum period of 12 months and maximum period of 60 months. (B) They cannot accept deposits repayable on demand. (C) The repayment of deposits by NBFCs is guaranteed by the RBI (D) Their deposits are not insured. (E) They should have minimum investment grade credit rating. Who is the current president of Republic of Namibia? (A) Sam Nujoma (B) Hifikepunye Pohamba (C) Daniel Ortega (D) Jacob Zuma (E) None of theseSee More