Wednesday, October 26, 2016

Q1. Axis Bank is a? 
(a) Public Sector Bank
(b) Private Sector Bank
(c) Co-operative Bank
(d) Foreign Bank
(e) Grameen Bank

Q2. When there is a difference between all receipts and expenditure of the government of India, both capital and revenue, it is called?
(a) Revenue Deficit
(b) Budgetary Deficit
(c) Zero Budgeting
(d) Trade Gap
(e) Balance of Payment Problem

Q3. Which of the following is not a function of the Reserve Bank of India?
(a) Fiscal Policy Function
(b) Exchange Control Function
(c) Issuance, Exchange and Destruction of Currency Notes
(d) Monetary Authority Function
(e) Supervisory and Control Function

Q4. Which of the following is not required for opening a bank account?
(a) Identity Proof
(b) Address Proof
(c) Recent Photographs
(d) Domicile Certificate
(e) None of the above

Q5. What is the maximum deposit amount insured by DICGC?
(a) Rs. 200000 per depositor per bank
(b) Rs. 200000 per depositor across all banks
(c) Rs. 100000 per depositor per bank
(d) Rs. 100000 per depositor across all banks
(e) None of the above

Q6. With reference to a cheque which of the following is the ‘drawee bank’?
(a) The bank that collects the cheque
(b) The payee’s bank
(c) The endorsee’s bank
(d) The endorser’s bank
(e) The bank upon which the cheque is drawn

Q7. In which of the following fund transfer mechanisms, can funds be moved from one bank to another and where the transaction is settled instantly without being bunched with any other transaction?
(a) RTGS
(b) Bank Rate
(c) MT
(d) EFT
(e) None of the above

Q8. The committee on review of National Small Saving Fund (NSSF) was headed by? 
(a) Dr. C. Rangarajan
(b) UK Sinha
(c) Dr. YV Reddy
(d) Shyamala Gopinath
(e) Dr. Usha Thorat

Q9. Banking Ombudsman Scheme is applicable to the business of?
(a) all scheduled commercial banks excluding RRBs
(b) Only scheduled commercial banks 
(c) only public sector banks
(d) all banking companies
(e) all scheduled banks except private banks

Q10. Nationalisation of banks aimed at all of the following except:
(a) provision of adequate credit for agriculture SME & exports
(b) removal of control by a few capitalists
(c) provision of credit to big industries only
(d) access of banking to masses
(e) encouragement of a new class of entrepreneurs

Q11. As per the revised RBI guidelines, provision on secured portion of loan accounts classified as doubtful advances for more than one year and up to 3 (three) years is to be made at the rate of-
(a) 15%
(b) 20%
(c) 40%
(d) 25%
(e) 30%

Q12. Which of the following states has launched ‘Panch Parmeshwar Yojana’ under which panchayats are allowed to use the fund for developing infrastructure and basic amenities in villages?
(a) Uttar Pradesh
(b) Maharashtra
(c) Gujarat
(d) Madhya Pradesh
(e) Tamil Nadu

Q13. Base rate is the rate below which no bank can allow their lending to anyone. Who sets up this ‘Base Rate’ for banks?
(a) Individual Banks Board
(b) Ministry of Commerce
(c) Ministry of Finance
(d) RBI
(e) Interest Rate Commission of India

Q14. What is a ‘Debit Card’?
(a) It is a card issued by a Rating Agency
(b) It is a card which can be used for withdrawing cash or making payment even in the absence of any balance in the account
(c) It is a card which can be used for withdrawing cash or making payment if there is balance in the account
(d) it is a card which carries prepaid balance
(e) It is a card which can be used for making STD calls 

Q15. Bad advances of a Bank are called? 
(a) Overdrawn accounts
(b) Book debts
(c) Non Performing Asset
(d) Out of order accounts
(e) None of the above


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