Académique Documents
Professionnel Documents
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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
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.
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
Land Development Banks form part of ................
(1) FCI
(2) IDBI
(3) Co-operative Credit Structure
(4) Commercial Banks
(5) None of these
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
SEBI is a _______.
(1) Constitutional Body
(2) Advisory Body
(3) Non-Statutory Body
(4) Statutory Body
(5) None of these
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
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
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
The number of companies registered under SENSEX are _________ .
(1) 50
(2) 100
(3) 200
(4) 30
(5) None of these
In the Balance Sheet of a Commercial Bank, which of the following is an asset ?
(1) Reserve Funds
(2) Bills & Securities Discounted
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(3) Borrowings
(4) Share Capital
(5) None of these
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
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.
Loan Servicing trades in the _________ .
(1) Primary Market
(2) Secondary Market
(3) Tertiary Market
(4) Gold Market
(5) None of these
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
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
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
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
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
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
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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
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
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
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.
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
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
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
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
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
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SEBI is a _______.
(1) Constitutional Body
(2) Advisory Body
(3) Non-Statutory Body
(4) Statutory Body
(5) None of these
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
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
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
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
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
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
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
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(4) Banks can accept both demand and time deposits from public
(5) Banks can accept demand and time deposits only from Government
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
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
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 Jawan 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)
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)
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
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
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
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
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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
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
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.
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
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
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
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
Largest shareholder (in percentage share holding) of a nationalised bank is
(1) RBI
(2) NABARD
(3) LCI
(4) Government of India
(5) IBA
Federal Reserve is the Central Bank of
(1) Britain
(2) USA
(3) Japan
(4) Canada
(5) China
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)
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
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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
Open Market Operation is open for
(1) Income Policy
(2) Fiscal Policy
(3) Credit Policy
(4) Labour Policy
(5) None of these
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) Japan
(4) France
(5) Germany
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
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
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
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
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
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
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
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.
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(3) Dec. 10
(4) June 5
(5) None
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
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
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
Janni 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
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
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
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
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