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Series-01/2017
Banking Awerness Special
Q1.Softbank has made its biggest investment in an Indian digital
enterprise by sealing a funding round of Rs 9,000 crore ($1.4 billion)
in mobile payments provider Paytm. Softbank is based in-
(a) Austria
(b) Japan
(c) Hong Kong
(d) China
(e) Russia
Q4. Which bank has launched a new trading platform called Selfie
for customers in association with Geojit?
(a) Federal Bank
(b) IDFC Bank
(c) Kotak Mahindra Bank
(d) HDFC Bank
(e) ICICI Bank
Q5. _____________ and IFFCO rolled out their first set of co-branded
debit cards for farmers as part of a novel initiative to push
digitalisation and cashless economy.
(a) SIDBI
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A.K.Series-01/2017
Banking Awerness Special
(b) SBI
(c) PNB
(d) BOB
(e) NABARD
Q7. India has signed a loan agreement of 36 million dollars with the
World Bank for Himachal Pradesh Public Financial Management
Capacity Building Programme. Who is present President of World
Bank?
(a) Tedros Adhanom Ghebreyesus
(b) Jim Yong Kim
(c) Takehiko Nakao
(d) Christine Lagarde
(e) Jin Liqun
Q8. Which Bank has entered into a distribution agreement to sell the
mutual fund products of HDFC Capital Asset Management Ltd
(HDFCAML) during exchanged the memorandum of understanding in
Mangaluru, Karnataka?
(a) State Bank of India
(b) Karur Vysya Bank
(c) Karnataka Bank
(d) Kotak Mahindra Bank
(e) ICICI Bank
Q9. The Reserve Bank of India will soon put into circulation currency
notes in ____________ denomination.
(a) three rupee
(b) four rupee
(c) two rupee
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A.K.Series-01/2017
Banking Awerness Special
(d) one rupee
(e) ten rupee
Q10. __________ and the World Bank has announced that they had
financed 100 MW of rooftop solar projects worth Rs400 crore in
India.
(a) RBI
(b) BOB
(c) ICICI
(d) PNB
(e) SBI
Q12. The GST Council has cleared the pending rules, including
transition provisions and returns, with all the States agreeing to the
July 01st 2017 rollout of the tax. What is the meaning of "S" in GST?
(a) Solutions
(b) Semester
(c) System
(d) Services
(e) Sending
Q13. The Reserve Bank of India has initiated PCA for Dena Bank in
view of high net non-performing assets and negative return on
assets. PCA stands for-
(a) Prompt Collection Action
(b) Prompt Corrective Agency
(c) Prompt Corrective Action
(d) Prompt Corrective Association
(e) Permanent Corrective Action
.
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A.K.Series-01/2017
Banking Awerness Special
Q14. Which among the following Banks is going to develop as many
as 100 digital villages in various States of the country as part of its
initiative to promote digital banking among the rural population?
(a) UCO Bank
(b) Vijaya Bank
(c) Corporation Bank
(d) Bank of India
(e) Central Bank of India
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A.K.Series-01/2017
Banking Awerness Special
Q18. Loans against the security of shares, debentures and bonds should not
exceed the limit of Rupees ____________ per individual if the securities are
held in physical form.
(a) two lakhs
(b) five lakhs
(c) ten lakhs
(d) fifteen lakhs
(e) twenty lakhs
Q19. In the case of failed ATM transactions, if the amount is not credited to
customers account within 7 working days from the date of receipt of the
complaint. Banks have to pay compensation at the rate of Rs.________ per
day.
(a) 150
(b) 200
(c) 100
(d) 10
(e) 50
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A.K.Series-01/2017
Banking Awerness Special
Q22. Loans against the security of shares, debentures and bonds should not
exceed the limit of Rupees _______________ per individual if the securities
are held in dematerialised form.
(a) ten lakhs
(b) five lakhs
(c) thirty lakhs
(d) fifty lakhs
(e) twenty lakhs
Q23. The process by which the central bank of a country controls the supply
of money in the economy by exercising its control over interest rates in order
to maintain price stability and achieve high economic growth is known as?
(a) Economic Policy
(b) Monetary Policy
(c) Fiscal Policy
(d) Credit Policy
(e) Budgetary Policy
Q24. Who amongst the following is the regulator in the financial system of the
country?
(a) CERC
(b) SEBI
(c) CRISIL
(d) TRAN
(e) None of the given options is true
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A.K.Series-01/2017
Banking Awerness Special
Q27. Which of the following types of cards is free from credit risk?
(a) Credit card
(b) Debit Card
(c) Prepaid Cards
(d) Charge Cards
(e) Both (c) and (d)
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A.K.Series-01/2017
Banking Awerness Special
Q32. ____________ is a system that powers multiple bank accounts into a
single mobile application (of any participating bank), merging several banking
features, seamless fund routeing & merchant payments into one hood.
(a) NEFT
(b) RTGS
(c) NPCI
(d) BHIM
(e) UPI
Q33. Banks can not generally accept interest-free deposits. Which of the
following is an exception to this rule?
(a) Current Account
(b) Savings Account of Minors
(b) Deposit from Minority groups
(c) BSBDA
(e) None of the given options is true
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A.K.Series-01/2017
Banking Awerness Special
Q36. Deposits under Foreign Currency Non-Resident (FCNR) scheme can be
accepted for a maximum of-
(a) one year
(b) three year
(c) five year
(d) seven year
(e) nine year
Q39. By which rate is the domestic current rate of currency converted into
foreign currency?
(a) Bank Rate
(b) CRR
(c) Stock Exchange Rate
(d) Repo Rate
(e) Exchange Rate
Q42. Name the India's first credit rating agency, is incorporated, promoted by
the erstwhile ICICI Ltd, along with UTI and other financial institutions.
(a) CRISIL
(b) CIBIL
(c) ICRA
(d) All of the above
(e) None of the given options is true
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A.K.Series-01/2017
Banking Awerness Special
Q45. The Foreign Exchange of India is kept with-
(a) SBI
(b) ECGC
(c) RBI
(d) NABARD
(e) None of the given options is true
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A.K.Series-01/2017
Banking Awerness Special
Q50. Where is the corporate office of Micro Units Development and
Refinance Agency (MUDRA) Bank?
(a) Kolkata
(b) Bengaluru
(c) Mumbai
(d) New Delhi
(e) Chennai
Q51. The amount invested in Kisan Vikas Patra(KVP) would get doubled in
________ months.
(a) 100
(b) 105
(c) 110
(d) 115
(e) 113
Q56. Maximum limit (amount) that can be invested in Kisan Vikas Patra (KVP
) Certificate is?
(a) Rs.100
(b) Rs.200
(c) Rs.500
(d) No limit
(e) Rs.1500
Q57. Financial Intelligence Unit India (FIU-IND) was set by the Government
of India on 18th November ________ as the central national agency
responsible for receiving, processing, analyzing and disseminating
information relating to suspect financial transactions.
(a) 2004
(b) 2005
(c) 2006
(d) 2007
(e) 2008
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A.K.Series-01/2017
Banking Awerness Special
Q59. The record of all economic transactions between the residents of a
country and the rest of the world in a particular period is known as?
(a) Balance in Current Account
(b) Balance in Capital Account
(c) Trade Settlements
(d) Balance of Trade
(e) Balance of Payments
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A.K.Series-01/2017
Banking Awerness Special
Q63. Loans against the security of shares, debentures and bonds should not
exceed the limit of Rupees ____________ per individual if the securities are
held in physical form.
(a) two lakhs
(b) five lakhs
(c) ten lakhs
(d) fifteen lakhs
(e) twenty lakhs
Q64. In the case of failed ATM transactions, if the amount is not credited to
customers account within 7 working days from the date of receipt of the
complaint. Banks have to pay compensation at the rate of Rs.________ per
day.
(a) 150
(b) 200
(c) 100
(d) 10
(e) 50
Q68. The process by which the central bank of a country controls the supply
of money in the economy by exercising its control over interest rates in order
to maintain price stability and achieve high economic growth is known as?
(a) Economic Policy
(b) Monetary Policy
(c) Fiscal Policy
(d) Credit Policy
(e) Budgetary Policy
Q69. Who amongst the following is the regulator in the financial system of the
country?
(a) CERC
(b) SEBI
(c) CRISIL
(d) TRAN
(e) None of the given options is true
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A.K.Series-01/2017
Banking Awerness Special
Q71. What is the purpose of KYC in banking?
(a) It is used for customer identification
(b) It is used for increasing the CRR of banks
(c) It is used for money laundering
(d) It is used by the central bank to control liquidity
(e) Both (a) and (c)
Q72. Which of the following types of cards is free from credit risk?
(a) Credit card
(b) Debit Card
(c) Prepaid Cards
(d) Charge Cards
(e) Both (c) and (d)
Q76. The Reserve Bank of India (RBI) has granted in-principle approval to
the ________ applicants to set up small finance banks under the Guidelines
for Licensing of Small Finance Banks?
(a) 11
(b) 12
(c) 13
(d) 10
(e) 15
Q77. The minimum paid-up equity capital for small finance banks shall
be----------
(a) Rs. 100 crore
(b) Rs. 200 crore
(c) Rs. 300 crore
(d) Rs. 400 crore
(e) Rs. 500 crore
Q78. Reserve Bank of India has granted the in-principle licence for small
finance banks. The in-principle approval granted by RBI will be valid for a
period of ________ months.
(a) 24 months
(b) 10 months
(c) 18 months
(d) 50 months
(e) 12 months
Q80. RBI was granted a licence to small Finance Banks for the
commencement of banking business under Section ______ of the Banking
Regulation Act, 1949.
(a) Section 38(3)
(b) Section 22(1)
(c) Section 47(4)
(d) Section 12(2)
(e) Section 27(5)
Q81. The foreign shareholding in the small finance bank would be as per the
FDI policy for _______________ as amended from time to time.
(a) Private Sector Banks
(b) Public Sector Banks
(c) Foreign Sector Banks
(d) Regional Rural Banks
(e) All of the above
Q82. The promoter's minimum initial contribution to the paid-up equity capital
of such small finance bank shall at least be ---------?
(a) 50 per cent
(b) 40 per cent
(c) 60 per cent
(d) 30 per cent
(e) 20 per cent
Q83. Small Finance Banks will be required to extend ________ of its ANBC
to the sectors eligible for classification as priority sector lending (PSL) by the
Reserve Bank.
(a) 55%
(b) 35%
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A.K.Series-01/2017
Banking Awerness Special
(c) 75%
(d) 50%
(e) 10%
Q84. The small finance bank will be subject to all prudential norms and
regulations of RBI as applicable to existing commercial banks including the
requirement of maintenance of CRR and SLR. What is the present rate of
SLR?
(a) 20.75 per cent
(b) 19.75 per cent
(c) 20.25 per cent
(d) 20.50 per cent
(e) 21.25 per cent
Q88. Who was the chairperson of the External Advisory Committee (EAC) for
Small Finance Banks?
(a) Deepak Phatak
(b) MS Sahoo
(c) Usha Thorat
(d) Nachiket M Mor
(e) M Balachandran
Q89. Utkarsh Micro Finance Limited is registered with Reserve Bank of India
as Non-Banking Finance Company-MFI (NBFC-MFI). Where is the registered
office and corporate office of Utkarsh Micro Finance Limited?
(a) Dehradun, Uttarakhand
(b) Varanasi, Uttar Pradesh
(c) Bhagalpur, Bihar
(d) Siliguri, West Bengal
(e) Puri, Odisha
Q90. Reserve Bank of India (RBI) has granted the in-principle licence for
small finance banks. Which among the following is true about small finance
banks?
(a) Undertake basic banking activities of acceptance of deposits and lending
(b) Allowed to set up subsidiaries to undertake non-banking financial activities
(c) Allowed to distribute mutual fund products, insurance products and
pension products
(d) All of the above
(e) Both (b) and (a)
Q91. The concept of insuring deposits kept with banks received attention for
the first time in the year ___________ after the banking crises in Bengal.
(a) 1941
(b) 1933
(c) 1961
(d) 1948
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A.K.Series-01/2017
Banking Awerness Special
(e) 1919
Q92. The Deposit Insurance Corporation (DIC) Bill was introduced in the
Parliament on August 21, 1961. After it was passed by the Parliament, the Bill
got the assent of the President on December 7, 1961 and the Deposit
Insurance Act, 1961 came into force on January 01st-
(a) 1962
(b) 1975
(c) 1956
(d) 1949
(e) 1935
Q93. The Reserve Bank of India was promoted a public limited company on
January 14th 1971, named the CGCI. What was the meaning of first "C" in
CGCI?
(a) Common
(b) Conclusion
(c) Corporation
(d) Concept
(e) Credit
Q94. The DIC Bill was introduced in the Parliament on August 21st 1961.
What is the meaning of "D" in DIC?
(a) Distance
(b) Development
(c) Deposit
(d) Demand
(e) None of the above
Q99. MUDRA Bank, a Non Banking Finance Company as MUDRA Ltd has
been set up as a subsidiary of............?
(a) SIDBI
(b) IDBI
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A.K.Series-01/2017
Banking Awerness Special
(c) RBI
(d) NABARD
(e) SBI
Q100. In which among the following year Asia's first Export Processing Zone
(EPZ) was set up?
(a) 1959
(b) 1971
(c) 1965
(d) 1956
(e) 1975
Anish Khan
SBI, IIT Delhi
https://www.facebook.com/groups/752961241421705/
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