1. What do you understand by the term Asset-Liability Management ? (1) Managing risks that arise due to mismatches between the assets and liabilities of a bank. (2) Paying off liabilities with the given assets of a bank. (3) Management of balance sheet done by RBI only. (4) Paying off of liabilities of commercial banks by RBI. (5) Leasing of bank assets with RBI to pay off the pending liabilities of the bank. 2. What is the full form of the DICGC ? (1) Deposit Investment and Credit Guarantee Corporation (2) Deposit Insurance and Credit Guarantee Corporation (3) Demand Identification and Capital Growth Corporation (4) Development Insurance and Credit Guarantee Corporation (5) Double Insurance and Credit Guarantee Corporation 3. What is Amortization ? (1) The process of reducing debt through regular installment payments of principal and interest that will result in the payoff of a loan at its maturity. (2) The act of evaluating and setting the value of a specific piece of personal or real property. (3) The issuance of approval, by a credit card issuer, merchant, or other affiliate, to complete a credit card transaction. (4) The contract governing your open-end credit account, it provides information on changes that may occur to the account. (5) A sworn statement in writing before a proper official, such as a notary public. 4. In the event of a bank failure, DICGC protects bank deposits that are payable in India. Which of the following deposits are not insured by DICGC ? (A) Savings Bank Deposit (B) Recurring Deposits (C) Deposits of Foreign Government (D) Inter-bank Deposits (1) Only C (2) A & C (3) Only A (4) C & D (5) None of these 5. Which of the following is NOT a regulation for NBFC for acceptance of deposits ? (1) NBFCs are allowed to accept/ renew public deposits for a minimum period of 12 months and maximum period of 60 months. (2) NBFCs cannot offer gifts/ incentives or any other additional benefit to the depositors. (3) The deposits with NBFCs are all insured. (4) The repayment of deposits by NBFCs is not guaranteed by RBI. (5) NBFCs should have minimum investment grade credit Rating 6. Money is created in the banking system when banks ? (1) Clear checks. (2) Make loans. (3) Collect the loans (the loans are repaid.) (4) Charge interest on the loans. (5) None of these 7. Which of the statement on Islamic Banking is NOT TRUE ? (A) Islamic Banking is only for Muslims (B) Islamic Banking do not allow paying and receiving of interest. (C) Islamic banking promotes the principle of profit sharing between banking institution and depositor (1) Only A (2) A & C (3) A & B (4) B & C (5) Only B 8. Indian railways have opened the first phase of the Real Time Train Information System (RTIS). State the full form of SIMRAN on which this new tracking system is based. (1) Satellite Imaging for Rail Narration (2) Satellite Imaging for Rail Navigation 2 (3) Satellite Internal for Rail Narration (4) System Imaging for Rail Narration (5) Synchronized Imaging for Rail Narration 9. What is a Micro finance Institution ? (1) It is an organization which provides short term funds to large scale enterprises. (2) It is an organization which provides medium and long term funds to large scale enterprises. (3) It is an organization which provides financial assistance to non-government organizations. (4) It is an organization that provides financial services to the poor. (5) It is an organization which provides funds to budding companies with paid-up capital of less than Rs. 500 crore. 10. Which of the following cannot be termed as an advantage of holding a Demat Account ? (1) Immediate transfer of securities (2) Increased transaction cost (3) Easy and convenient way to hold securities (4) Traders can work from anywhere (5) A single demat account can hold investments in both equity and debt instruments 11. Expand CRISIL - (1) Credit Ratio and Information Services of India (2) Credit Report and Investment Sector of India (3) Credit Rationing and IT Sector of India (4) Credit Rating and Information Services of India (5) Corporate and Rural Investment Schemes of India 12. Which of the following is not true about the Central Bank of a country ? (1) The central bank of a country aims at profit (2) The central bank is given powers to control and regulate the working of the commercial banks (3) Central bank is generally an organ of government and run by government officials (4) Central bank generally controls the credit (5) Central bank is the banker to the government 13. SBI has reactivated its DRI scheme to provide loans to weaker sections as part of the financial inclusion programme. What does D stand for in DRI ? (1) Deposit (2) Donation (3) Differential (4) Depository (5) Deficiency 14. Which among the following is the full form of CAS in context with banking markets in India ? (1) Cash Authorization Scheme (2) Credit Authorization Scheme (3) Credit Access System (4) Credit Arrangement System (5) Cash Accreditation Scheme 15. What do you understand by the term Cost-push Inflation ? (1) It is a phenomenon in which the general price levels rise due to increases in the cost of wages and raw materials. (2) It is a situation where inflation increases due to increase in the demands of food products. (3) It is a situation where the demand for generating more employment opportunities comes from the producers/ firms. (4) It occurs when prices of food products and apparels increase. (5) It occurs when demand falls short of supply. 16. Right to Service is an important part of which among the following bill/ act ? (1) Lokpal and Lokayukta Bill (2) Citizens Charter and Grievance Redressal Bill (3) Right to Information Act (4) Right to Education Act (5) None of these 3 17. In which of the following imaginary circumstances, will RBI opt to sell Government securities in the open market ? (1) When the foreign funds inflow is meek (2) When there is enormous Foreign Funds Inflow in the Indian Economy (3) When Banks have low liquidity and need liquidity (4) When Government of India asks RBI to sell securities (5) None of these 18. Consider the following and state which among them is TRUE ? (1) Commercial Banks do not accept any deposits from general public. (2) Current Deposits Accounts are generally held by salaried people and people with fixed income. (3) Banks do not charge any rate of interest on the loans and advances given by them to its customers. (4) In Demand Loans, the loan amount is paid in lumpsum and the entire sum becomes chargeable to interest with immediate effect. (5) Banks do not collect cheques, drafts, bills of exchange and dividends of the shares for their customers. 19. Which among the following represents a decrease in owners equity ? (1) Issue of Bonus Shares (2) Redemption of the debentures (3) Redemption of Preference Shares (4) Purchase of the building (5) None of these 20. Land Development Banks form part of ................ (1) FCI (2) IDBI (3) Co-operative Credit Structure (4) Commercial Banks (5) None of these 21. Which of the following is/ are true about IMF ? A. It grants loan only to member nations B. It is an agency of UNO. C. It grants loan to any country of the world. (1) Only B (2) A and C (3) A and B (4) All are true (5) None of these 22. SEBI is a _______. (1) Constitutional Body (2) Advisory Body (3) Non-Statutory Body (4) Statutory Body (5) None of these 23. On which of the following tax rebate is not granted ? (1) Public Provident Fund (2) National Saving Certificate (3) National Saving Scheme (4) Indira Vikas Patra (5) None of these 24. What type of services are offered under retail banking ? (1) Mortgages (2) Debit Cards (3) Savings & Transactional Accounts (4) Personal Accounts (5) None of these 25. A mutual fund that invests in other mutual funds belonging to the same fund or other fund houses is called ______ (1) Fund of funds (2) Pool (3) Portfolio (4) Funda Fund (5) None of these 26. The number of companies registered under SENSEX are _________ . (1) 50 (2) 100 (3) 200 (4) 30 (5) None of these 27. In the Balance Sheet of a Commercial Bank, which of the following is an asset ? (1) Reserve Funds (2) Bills & Securities Discounted 4 (3) Borrowings (4) Share Capital (5) None of these 28. Through Open Market Operations, RBI plays a very important role in _________ market. (1) gil primary (2) secondary (3) gilt edged (4) tertiary (5) None of these 29. The area under Special Economic Zone declared as Foreign Territory means _________ . (1) Goods brought from SEZ to domestic tariff area are to be treated as imported goods. (2) SEZ goods are free of excise duty (3) Goods cannot be brought into domestic tariff area. (4) SEZ goods cannot be sold in domestic tariff area. (5) None of these. 30. Loan Servicing trades in the _________ . (1) Primary Market (2) Secondary Market (3) Tertiary Market (4) Gold Market (5) None of these 31. What is the basic fact that private equity investors consider before investing in a company ? (1) The age of the company (2) The location of the company (3) The activity undertaken by the company (4) The credibility and valuation of the company (5) The existing profitability of the company 32. The Reserve Bank of India (RBI) reviews its credit and monetary policy at regular intervals. What is the purpose of these revisions ? (A) To ensure that inflation does not cross the limit. (B) To ensure that banks have enough liquidity. (C) To ensure that cost of the fund does not reach too high. Select the right answer: (1) Only A (2) Only B (3) All A, B & C (4) Only B & C (5) None of these 33. Which of the following organisations/ agencies play a major and crucial role to moderate and control inflation in India ? (A) Reserve Bank of India (B) Stock Markets (C) Planning Commission Choose the correct answer: (1) Only B (2) Only A (3) Only A & B (4) Only B & C (5) All A, B & C 34. Interest is calculated on actual/ 365 days basis respect of the following products, except one: (1) Call money (2) Notice money (3) Term money (4) Government of India dated securities (5) None of the above 35. Which of the following is/ are a/ an indicator of the financial health of a country ? (A) Gross Domestic Product (B) Purchasing Power Parity (C) FDI in a year Select the right answer: (1) Only A (2) Only B (3) Only C (4) All A, B & C (5) None of these 36. Which of the following certainly is an effort in the direction of financial inclusion ? (1) Internet Banking (2) Anywhere Banking (3) No-frills Accounts (4) Foreign Currency Accounts (5) All of the above 5 37. Which of the following public sector banks of India has the largest number of branches in foreign countries ? (1) Allahabad Bank (2) Bank of Baroda (3) Punjab National Bank (4) State Bank of India (5) Central Bank of India 38. What is the name given to the Population Stabilization Scheme launched by the Government of India ? (1) Prerna (2) Sthapna (3) Ullas (4) Aaradhana (5) Ullekh 39. According to the guidelines of the Reserve Bank of India (RBI), for cash deposits and withdrawals of how much money commercial banks have to furnish details to the RBI ? (1) Over Rs 5 lakh (2) Over Rs 10 lakh (3) Over Rs 15 lakh (4) Over Rs 20 lakh (5) Over Rs 25 lakh 40. Which of the following statements about Savings Bank Accounts is NOT TRUE ? (1) Saving Account Deposits are payable on demand and also withdrawable by cheque. (2) Business firms are not allowed to hold Saving Bank Accounts. (3) Chequing facilities are restricted in Saving Bank Accounts. (4) An individual owner of a business firm holding a saving account has no restriction in using cheques for business purposes. (5) Saving Account Deposits are supposed to be held by households only. 41. Consider the following statements about banking operations: (A) Escheat is the reversion of assets of a person with a bank to the state, in case he dies without leaving any legal heir. (B) Unclaimed deposits are those which have not been operated for more than 20 years (C) Notice Bank Deposits are deposits for specified period but withdrawable on giving a day of prior notice. Which of the above statements is/ are true ? (1) Only B (2) Only A & B (3) Only A & C (4) All the above (5) None of the above 42. In Bank Term Deposit, what is the minimum period of maturity for deposits (1) 7 days (2) 15 days (3) One months (4) Three months (5) One year 43. Which of the following deposits is only deposit which serves as a medium of exchange, for their ownership can be transferred from one person to another ? (1) Time Deposit (2) Demand Deposit (3) CD (4) Fixed Deposit (5) Current Account Deposit 44. Consider the following statements about the Cash Reserve Ratio (CRR): (A) CRR is the stipulated statutory deposit of the scheduled commercial banks net total liabilities which they are required to keep with the RBI. (B) RBI is authorised to fix CRR up to 15%. (C) RBI is authorised to lower down CRR to zero per cent. Which of the above statements is/ are true ? (1) Only C (2) Only A & C (3) Only A & B (4) All the above (5) None of the above 45. To which of the following the Reserve Bank of India (RBI) provides short-term advances called ways-and-means advances ? (1) Public sector banks (2) State governments (3) Public sector enterprises (4) Central government (5) Both private and public sector banks 6 46. SEBI is a _______. (1) Constitutional Body (2) Advisory Body (3) Non-Statutory Body (4) Statutory Body (5) None of these 47. With reference to banking industry, consider the following: (A) Nationalisation of Banks (B) Formation of Regional Rural Banks (C) Adoption of villages by bank branches Which of the above can be considered as steps taken to achieve the financial inclusion in India ? (1) Only A & B (2) Only B & C (3) Only C (4) Only B (5) All the above 48. Consider the following statements: The functions of commercial banks in India include: (A) Purchase and sale of shares and securities on behalf of customers. (B) Acting as executors and trustees of wills. (C) Discounting of bills Which of the statements given above is/ are correct ? (1) Only A (2) Only B & C (3) Only A & B (4) All the above (5) None of the above 49. Which of the following terms indicates a mechanism used by commercial banks for providing credit to the government ? (1) Cash Credit Ratio (2) Debt Service Obligation (3) Liquidity Adjustment Facility (4) Statutory Liquidity Ratio (5) Cash Reserve Ratio 50. With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements: (A) They cannot engage in the acquisition of securities issued by the government. (B) They cannot accept demand deposits like Savings Account. (C) NBFCs are engaged in a wide range of activities like hirepurchase finance, equipment lease finance, loans, investments, etc. Which of the statements given above is/ are correct ? (1) Only C (2) Only A & B (3) Only B & C (4) None of the above (5) All of the above 51. In the parlance of financial investments, the term bear denotes: (1) An investor who feels that the price of a particular security is going to fall. (2) An investor who expects the price of particular shares to rise (3) A shareholder or a bondholder who has an interest in a company, financial or otherwise. (4) Any lender whether by making a loan or buying a bond. (5) None of these 52. The SEZ Act of India has certain objectives. In this context, consider the following: (A) Development of infrastructure facilities. (B) Promotion of investment from foreign sources. (C) Promotion of exports of services only. Which of the above are the objectives of this Act ? (1) Only A & B (2) Only C (3) Only B & C (4) All the above (5) None of the above 53. Which of the following statement is true ? (1) Banks cannot accept demand and time deposits from public (2) Banks can accept only demand deposits from public (3) Banks can accept only time deposits from public 7 (4) Banks can accept both demand and time deposits from public (5) Banks can accept demand and time deposits only from Government 54. Interests payable on savings bank account is (1) not regulated by RBI (2) regulated by State governments (3) regulated by Central government (4) regulated by RBI (5) regulated by Finance Minister 55. Which of the following is correct statement ? (1) State Bank of India is the sole authority to issue and manage currency in India. (2) A nationalished bank is the sole authority to issue and manage currency in India. (3) A cooperative banks is the sole authority to issue and manage currency in India. (4) RBI is the sole authority to issue and manage currency in India. (5) None of these 56. The Home Minister of India was recently on a visit to Bangladesh, where both the countries signed a coordinated Border Management Plan (CBHP). What are the major points of this agreement ? (A) The plan will help in resolving the long-pending border dispute between both the nations. (B) The head count of the people living in enclaves on the border will be completed within next six months time. (C) India assured that no BSF J awan will open fire on the people crossing the borders unless there is an attack on them. (1) Only (A) (2) Only (B) (3) Only (C) (4) All (A), (B) and (C) (5) Both (A) and (C) 57. The Government of India recently decided to raise the price of oil products like, diesel, petrol and cooking gas. However, some taxes on these products were reduced or swapped altogether. What were these taxes which were reduced orscrapped ? (A) Custom Duty (B) VAT (C) Excise Duty (1) Only (A) (2) Both (A) and (B) (3) Both (A) and (C) (4) Both (B) and (C) (5) All (A), (B) and (C) 58. Accounts are allowed to be operated by cheques in respect of (1) Both savings bank accounts and fixed deposit accounts (2) Savings bank accounts and current accounts (3) Both savings bank accounts and loan accounts (4) Both savings bank accounts and cash accounts only (5) Both current accounts and fixed deposits accounts 59. Which of the following is a correct statement? (1) Normally no interest is paid on current deposit accounts. (2) Interest is paid on current accounts at the same rate as turm deposit accounts (3) The rate of interest on current account and savings accounts are the same (4) No interest is paid on any deposit by the banks (5) Savings deposits are the same as current deposits 60. The usual deposit accounts of banks are (1) Current accounts, electricity accounts and insurance premium accounts (2) Current accounts, post office savings bank accounts and term deposit accounts (3) Loan accounts, savings bank accounts and term deposit accounts (4) Current accounts, savings bank accounts and term deposit accounts (5) Current bill accounts and term deposit accounts 61. Fixed deposits and recurring deposits are (1) repayable after an agreed period (2) repayable on demand (3) not repayable (4) repayable after death of depositors (5) repayable on demand or after an agreed period as per banks choice 8 62. Financial inclusion means provision of (1) financial services, namely, payments, remittances, savings, loans and insurance at affordable cost to persons not yetgiven the same (2) ration at affordable cost to persons not yet given the same (3) house at affordable cost to person not yet given the same (4) food at affordable cost to person not yet given the same (5) education at affordable cost to person not yet given the Same 63. Which of the following is known as cross-selling by Banks ? (A) Sale of a debit card to a credit card holder (B) Sale of Insurance policy to a depositor (C) Issuance of cash against cheque presented by a third party (1) only (A) (2) only (B) (3) only (C) (4) both (A) and (C) (5) All (A), (B) and (C) 64. Which of the following states became the first state in the country to launch RBIs e-payment system for commercial tax payment ? (1) Andhra Pradesh (2) Kerela (3) Gujarat (4) Maharashtra (5) Karnataka 65. When a bank returns a cheque unpaid, it is called (1) payment of the cheque (2) drawing of the cheque (3) cancelling of the cheque (4) dishonor of the cheque (5) taking of the cheque 66. Mortgage is a (1) security on movable property for a loan given by a bank (2) security on immovable property for a loan given by a bank (3) concession on immovable property for a loan given by a bank (4) facility on immovable property for a loan given by a bank (5) security on immovable property for a deposit received by a bank. 67. Which of the following types of accounts are known as Demat Accounts ? (1) Accounts which are Zero Balance Accounts. (2) Accounts which are open to facilitate repayment of a loan from the bank. No other business can be conducted from there. (3) Accounts in which shares of various companies are traded in electronic form. (4) Accounts which are operated through internet banking facility. (5) None of these 68. Who is the chairman of the committee constituted by RBI to study issues and concerns in the Micro Finance Institutions (MFI) sector ? (1) Y. H. Malegan (2) Dr. K.C. Chakrabarty (3) C Rangrajan (4) M. Damodaran (5) Usha Tharat 69. Upper limit prescribed for RTGS transaction is (1) Rs. 1 lacs (2) Rs. 2 lacs (3) Rs. 5 lacs (4) Rs. 50 lacs (5) No upper limit is prescribed 70. Distribution of insurance products and insurance policies by banks as corporate agents is known as (1) General Insurance (2) Non-life Insurance (3) Bancassurance (4) Insurance Banking (5) Deposit Insurance 71. In order to attract more foreign exchange the Government of India decided to allow foreign investment in LLP firms. What is the full form of LLP as used in this reference ? (1) Local Labour Promotion (2) Low Labour Projects (3) Limited Loan Partnership (4) Longer Liability Partnership (5) Limited Liability Partnership 9 72. NEFT means (1) National Electronic Funds Transfer System (2) Negotiated Efficient Fund Transfer System (3) National Efficient Fund Transfer Solution (4) Non-Effective Fund Transfer Solution (5) Negotiated Electronic Foreign Transfer System 73. When the rate of inflation increases ? (1) Purchasing power of money increases (2) Purchasing power of money decreases (3) Value of money increases (4) Purchasing power of money remains unaffected (5) amount of money in circulation decreases 74. Interests on savings bank account is now calculated by banks only. (1) Minimum balance during the month. (2) Minimum balance from 7th to last day of month. (3) Minimum balance from 10th to last day of month. (4) Maximum balance during the month. (5) Daily product basis. 75. A centralised database with online connectivity to branches, internet as well as ATM network, which has been adopted by almost all major banks of our country is know as (1) investment banking (2) core banking (3) mobile banking (4) national banking (5) specialised banking 76. Which of the following is not considered a money market instrument ? (1) Treasury Bills (2) Repurchase Agreement (3) Commercial Paper (4) Certificate of Deposit (5) Shares and Bonds 77. With a view to facilitating payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, which of the following facility was introduced for bank accounts in our country: (1) Will (2) Registration (3) Nomination (4) Indemnity (5) Guarantee 78. Banks in our country normally publicise that additional interest rate is allowed on retail domestic term deposits of (1) Minors (2) Married Women (3) Senior Citizens (4) Govt employees (5) Rural residents 79. Largest shareholder (in percentage share holding) of a nationalised bank is (1) RBI (2) NABARD (3) LCI (4) Government of India (5) IBA 80. Federal Reserve is the Central Bank of (1) Britain (2) USA (3) J apan (4) Canada (5) China 81. The Reserve Bank of India (RBI) keeps on modifying various rates/ ratios to keep the flow of liquidity in the market in a balanced situation, which of the following rates/ ratios/ indices is NOT directly controlled by the RBI ? (1) Cash Reserve Ratio (CRR) (2) Bank Rate (3) Repo Rate (4) Rverse Repo Rate (5) Wholesale Price Index (WPI) 82. Many banks have adopted/ launched Core Banking Solution (CBS). Core Banking Solution is (1) a marketing stratirgy adopted by the banks (2) a new type of ATM useful for rural population 10 (3) A delivery channel for quick and fast delivery (4) A new products launch to help senior citizens only as they are not able to visit branches/ ATMs frequently (5) None of these 83. Which of the following cannot be called as a value Added Service offered by a bank ? (1) Special accounts for poor sections of society (2) Accident insurance cover (3) Instant credits of outstation cheques (4) Free cheque book (5) All are value Added Services 84. Opening the Savings Banks Account of a minor girl will be called as which of the following in banking terminology ? (1) Retail Banking (2) Merchant Banking (3) Institutional Banking (4) Social Banking (5) Corporate Banking 85. An account in which trading of shares in their electronic form is done, is known as (1) Demat Account (2) NRI Account (3) NRIO Account (4) Current Account (5) None of these 86. Which of the following test is conducted to know if a sportsman has taken any performance enhancing drugs ? (1) EEG (2) Narco Test (3) ELISA Test (4) Mind Mapping (5) Dope Test 87. Which of the following is the abbreviated name of an autonomous organisation under Ministry of Rural Development ? (1) NIMI (2) IGNOU (3) CAPART (4) NPCIL (5) ICRP 88. As we all know, the value of the Indian rupee has appreciated in recent times. The value of rupee clarity depend on which of the following ? (1) Avaibility of commodities in the market. (2) VAT introduced by the government on various commodities. (3) Current size of total Forex Reserve of India (4) Capital flow in the market during a given period of time. 5) None of these 89. What are merit goods ? (1) Information technology-related hardware (2) Infrastructure for higher education (3) Goods which are essential for society as a whole (4) Electronic goods (5) None of these 90. What is the meaning of exit policy ? (1) Governments withdrawal from industrial enterprises (2) A drive to push out private companies from infrastructure industries (3) Closing down the sick and inefficient industries (4) Export-import policy (5) None of these 91. What is Non-Interest Income of Banks ? (1) Income earned from social services (2) Income earned by keeping assets with the RBI (3) Income earned by investing in derivatives (4) Income derived from fee-based services (5) None of these 11 92. Wages paid to Mahatma Gandhi National Rural Employment Guarantee Scheme has now been linked with (1) Wholesale Price Index (2) Consumer Price Index for Agricultural (3) Consumer Price Index for Industrial workers (4) Food inflation (5) Dearness allowance of the Central Government Employees 93. Open Market Operation is open for (1) Income Policy (2) Fiscal Policy (3) Credit Policy (4) Labour Policy (5) None of these 94. Which is only country after Russia and United States to have successfully launch its first space laboratory module Ctiangongs to set up its own space station by 2020 ? (1) India (2) China (3) J apan (4) France (5) Germany 95. What are Conflict Commodities ? (1) Minerals mined in naxalite-infected areas (2) International trade in arms (3) Valuable minerals which are claimed by warring groups in civil wars-torn countries. (4) Narcotics supplied by international drug cartels (5) None of these 96. Which bank is in the process of acquiring select assets of the Royal Bank of Scotland (RBS) in India for which it is in consultation with the banking regulator RBI ? (1) ICICI (2) HSBC (3) HDFC (4) State Bank of India (5) Axis Bank 97. Which country has imposed a fat tax on foods such as butter and oil as a way to curb unhealthy eating habits recently ? (1) Denmark (2) Britain (3) Canada (4) France (5) Australia 98. India agro industry is eying China as a potential importer of Flue Cured Virginia (FCU) grown mainly in Andhra Pradesh and Karnataka. FCU is the variety of (1) Tea (2) Coffee (3) Tobacco (4) Betelhut (5) Rubber 99. Providing banking facility to all the people is is technically known as. (1) Financial instability (2) Financial inclusion (3) Financial stability (4) Financial exclusion (5) None of these 100. Consider about Call Money and select the correct statement(s). A. It is a loan that is made for a very short period of a few days only or for a week. B. It carries a low rate of interst. C. In case of stock exchange market. The duration of the call money may be fortnight. (1) All is correct (2) Only A (3) Only B (4) Only C (5) None of these 101. Which of the following is one of the measures of economic growth of a nation. (1) Number of employed youth only (2) Flow of goods only (3) GDP of the nation only (4) Volume of tax collected per annum (5) All of above 102. What is a scheduled commercial bank ? (1) A bank which completes its objective in a fixed schedule. (2) A bank which deals with only Commercial Industry. 12 (3) A bank which is included in 2 nd schedule of RBI. (4) All the above (5) None of the above 103. One rupee note bears the signature of :- (1) President (2) Finance secretary of India (3) PM (4) Governor of RBI (5) Vice President 104. In which of the following bank one cant open a personal account:- (1) Co-operative Bank (2) Commercial Banks (3) RRBs (4) ICICI (5) RBI 105. Who is the father of White Revolution ? (1) Dr. P. K. J ain (2) Dr. M.S. Swaminatham (3) Dr. A.P.J . Abdul Kalam (4) Dr. Varghise Kuriene (5) None of the above 106. What is Financial Inclusion ? (1) Providing Banking Facilities to the remote areas of the village and opening at least one account in the bank of the poorert of the poor. (2) It is a scheme launched by union government to provide telephone facilities to the poor in remote areas (3) To boost agricultural growth crops in the country. (4) To assist SME industries of the country (5) None of these 107. Financial Inclusion Scheme launched by the government on the basis of recommendations by which committee ? (1) C. Rangarajan (2) K.C. Chakraborty (3) Kelkar Committee (4) M.C. J oshi (5) None of these 108. What is Macro-Economics ? (1) Macro-Economic, deals economic activities of the level of an economy as a whole. (2) Deals only a segment of an economy (3) Deals boths (1) & (2) (4) None (5) None of these 109. ECB stands for- (1) Extra Commercial Banking (2) Extra Commerical Borrowing (3) External Commerical Borrowing (4) Extra Community for bank (5) None of these 110. Which one of the following sectors is not comes under the Bharat Nirman Yojna ? (1) Irrigation (2) Housing (3) Electrification (4) Telephony (5) Primary education 111. What is Consortium ? (1) When more than one bank allow credit facility to one party in coordination with each other, under a formal arrangements. (2) In consortium more than two person together take loan form one bank. (3) In consortium banks provide loan only to the poor. (4) both 1 & 2 are correct (5) None of these 112. Which one of the following is/ are not the pillar of Basel-II Norms ? (1) Minimum capital Adequacy (2) Supervisory Review (3) Market Displine (4) All (5) None of these 113. What is Whole sale-banking ? (1) It is a bank to bank or B-2-B dealing 13 (2) It is a bank to customer dealing (3) It is a bank to trustworthy customer dealer. (4) It is a bank to government dealing (5) None of these 114. We often read a term CBS in financial news paper in CBS B stands for ? (1) Bima (2) Buffet (3) Banking (4) Board (5) None 115. Which one of the following statments is ture in the context of NPA ? (1) It stands for Non-performing Assets (2) This type of assets generate no interests (3) It generates high assets (4) It is a assets given to customers without interst (5) Both 1 & 2 are correct. 116. SARFESAI ACT-2002 for NPA came on the basis of recommandation which committee ? (1) Narshimham Committee (2) Kelkar Committee (3) C. Rangarajan Committee (4) M.C. J oshi Committee (5) None of these 117. What is hot money ? (1) Money which has tendency to migrate towards high profit oriented place. (2) money, which has tendency to to migrate low profit oriented place. (3) money, which has no interest (4) both (1) & (3) (5) None of these 118. With a view to facilitating payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, which of the following facility was introduced for bank accounts in our country: (1) Will (2) Registration (3) Nomination (4) Indemnity (5) Guarantee 119. What is broad banding ? (1) It provide more flaxibility to manufacturer to produce wider variety of products with same raw materials. (2) It provide high speed internet connection (3) It provide low speed connection (4) It provide wireless connection (5) None 120. What is cheap money ? (1) cheap money means interest rates are very high (2) interest rates are low (3) interest free loan (4) interest medium (5) None 121. Why government impose duties on goods ? (1) To control supply and demand (2) to ensure the smooth availability of goods inown country. (3) both (1) & (2) (4) to finance social programmes (5) None of these 122. Interest rates on Saving Bank Account is calcualted on the basis of - (1) Quaterly (2) Monthly (3) Daily (4) Half-yearly (5) None of these 123. World Teachers Day is celebrated on which one of the following date ? (1) Oct. 10 (2) Oct. 5 14 (3) Dec. 10 (4) J une 5 (5) None 124. Who is the chairman of the committee constituted by RBI to study issues and concerns in the Micro Finance Institutions (MFI) sector ? (1) Y. H. Malegan (2) Dr. K.C. Chakrabarty (3) C Rangrajan (4) M. Damodaran (5) Usha Tharat 125. What is Buffer Tax ? (1) It is a tax, imposed on persons those annual income is more then Rs. 5 lakh. (2) It is a tax imposed on persons whose annual income is greater then 8 lakh, will have to pay higher tax. (3) It is a higher tax rate for the persons living in U.S. whose annual salary is more then $1 million (4) both (3) & (2) (5) None of these 126. In a bid to boost clean energy generation in the country, the government amended the power tariff policy which mandates status to have solar energy as 3% of their total power purchase by year. (1) 2017 (2) 2015 (3) 2022 (4) 2019 (5) None 127. J anni Shishu Suraksha Progamme launched by which one of the following imnistry ? (1) The ministry of Human Resource and Development (2) The ministry of labour & employment (3) The ministry of Health and Family Welfare (4) The ministry of Railways (5) None of these 128. We often read a term CASA in financial news papers CASA stands for ? (1) current account and small account (2) current account & saving account (3) current account & speical account (4) current account & service account (5) None of these 129. Saving Bank Account is managed by which one of the following ? (1) Bank itself (2) Reserve Bank of India (3) State Bank of India (4) Punjab Nation Bank (5) None of these 130. What does the term Short selling refer to ? (1) Contract with a broker for sale of shares in a rising market (2) Hoarding commodities to create artificial shortage and reduce sales (3) Selling shares through a broker without actually holding shares generally either in a falling market and / or to induce a bear phase (4) Selling shares through a broker in a Bear phase of the market (5) None of these