Ooliveboa,d

BANKING AWARENESS
PART 1
FOR IBPS RRB 2019 MAINS
(OFFICER & ASSISTANT)
1. Which bank has launched a co-branded ‘Small Business MoneyBack Credit
Card’ for small traders in collaboration with CSC?
1) ICICI Bank
2) HDFC Bank
3) Bandhan Bank
4) DBS Bank
5) RBL Bank

correct option : 2
2. A high-level panel led by former RBI governor Bimal Jalan was recently
constituted regarding which of the following issue?
1) Reforming Monetary Policy Committee
2) Creation of NPA ledger
3) Policy for Public Credit Registry
4) Capital reserves that the central bank should maintain
5) Digitisation of NPA resolution

correct option : 4
3. ALM is concerned with strategic balance sheet management involving all
market risks. ‘M’ in ALM stands for____________.
1) Market
2) Management
3) Maturity
4) Maintenance
5) Measurement

correct option : 2
4. G5 consists of the members of the International Monetary Fund
whose currencies constitute the Special Drawing Rights. Which of the
following is not among them?
1) France
2) Japan
3) China
4) United Kingdom
5) United States

correct option : 3
5. In which of the following years Reserve Bank Information Technology
Private Limited (ReBIT) was found?
1) 2013
2) 2014
3) 2015
4) None of these
5) 2016

correct option : 5
6. This type of banking ensures direct transaction between a bank and its
customers without intervention of any third party-
1) Retail banking
2) Online banking
3) Merchant banking
4) Offshore banking
5) Other than those given in options

correct option : 1
7. In the National Financial Switch service, the limit per transaction is
restricted to less than _________.
1) ₹ 20000
2) ₹ 25000
3) ₹ 50000
4) ₹ 10000
5) ₹ 40000

correct option : 3
8. The Legal Entity Identifier is a ______ digit code developed by the
International Organization for Standardization.
1) 16-digit
2) 20-digit
3) 12-digit
4) 10-digit
5) 14-digit

correct option : 2
9. If the credit balance in a savings account has not operated for ten years,
the amount should be transferred to which fund?
1) Unpaid Contract Fund
2) Cash Reserve Fund
3) Unclaimed Bank Deposit Fund
4) Inactive Deposit Fund
5) Depositor Education and Awareness Fund

correct option : 5
10. Which among the following offers buyers’ credit and line of credit to
foreign governments and banks?
1) ECGC
2) EXIM Bank
3) Bank of Baroda
4) SIDBI
5) NABARD

correct option : 2
11. Which among the following is responsible for ensuring that housing finance
companies in India are operated on sound health and financial standard?
1) National Bank for Agriculture and Rural Development
2) SIDBI
3) Reserve Bank of India
4) IDBI Bank
5) National Housing Bank

correct option : 5
12. In case of increase in inflation, the purchasing power _________
1) Increases
2) Increases to a certain limit and then decreases
3) Decreases
4) Does not get affected
5) Other than those given in options

correct option : 3
13. On what basis, the Index of Industrial Production is published by the
Central Statistical Organization?
1) Monthly Basis
2) Yearly Basis
3) Quarterly Basis
4) Half yearly Basis
5) Weekly Basis

correct option : 1
14. Under the DRI Scheme, the maximum amount can be provided by banks at
a concessional rate to the weaker sections is ________.
1) ₹ 12000
2) ₹ 20000
3) ₹ 10000
4) ₹ 18000
5) ₹ 15000

correct option : 5
15. OLTAS stands for which among the following?
1) Online Tax Accounting Server
2) Online Tax Accounting System
3) Online Tax Accounting Service
4) Online Tax Access Service
5) Other than those given in options

correct option : 2
16. What are the maturity period and the fixed interest rate of Sovereign
Gold Bond Scheme?
1) 3 years and 1.5%
2) 5 years and 4.5%
3) 8 years and 2%
4) 8 years and 2.5%
5) 5 years and 1.5%

correct option : 4
17. QFI scheme was introduced by the government in consultation with RBI
and SEBI. In QFI, ‘I’ represents ________.
1) Interest
2) Investor
3) Investment
4) Index
5) Information

correct option : 2
18. Which among the following is authorized by RBI to store rupee notes
and coins?
1) Currency Bag
2) Currency Block
3) Currency Chest
4) Currency Reserve
5) None of these

correct option : 3
19. The Ombudsman Scheme for Non-Banking Financial Companies has
introduced under which section of the Reserve Bank of India Act, 1934?
1) Section 46A
2) Section 45L
3) Section 45A
4) Section 58C
5) Section 58G

correct option : 2
20. The maximum amount of money that can be insured in case of a person
holding money at different branches of a bank is –
1) Rs 25000
2) Rs 50000
3) Rs 1 lakh
4) Rs 2 lakhs
5) Other than those given in options

correct option : 3
21. The practice of providing loans to unrelated individuals without
going through the conventional channel of banks or any financial
organization is known as –
1) P2B Lending
2) P2P Lending
3) B2B Lending
4) B2S Lending
5) Other than those given in options

correct option : 2
22. Maximum loan amount that can be provided against shares or
debentures of any company is-
1) Rs 10 lakhs
2) Rs 1 lakhs
3) Rs 2 lakhs
4) Rs 5 lakhs
5) Other than those given in options

correct option : 1
23. The interest rates on banks’ contribution to Rural Infrastructure
Development Fund should be fixed by ________.
1) Ministry of Finance
2) National Bank for Agriculture and Rural Development
3) Ministry of Rural Development
4) Reserve Bank of India
5) Individual Banks

correct option : 4
24. An account of a bank holds with another bank in a foreign country in the
foreign currency is known as ________.
1) NRO Account
2) NOSTRO Account
3) NRE Account
4) VOSTRO Account
5) NRO Account

correct option : 2
25. Which bank has waived the transaction charges of IMPS, NEFT and
RTGS recently?
1) Canara Bank
2) Kotak Mahindra Bank
3) State Bank of India
4) HDFC Bank
5) South Indian Bank

correct option : 3
26. Recently, the Reserve Bank of India has barred ________ from charging pre-
payment penalties or foreclosure charges.
1) Mutual Fund Companies
2) Payment Banks
3) Co-Operative Bank
4) Non-Banking Finance Companies
5) Small Finance Banks

correct option : 4
27. Who among the following cannot make a deposit in the Gold
Monetization Scheme?
1) Central Government
2) State Government
3) Non-Resident Indians
4) Charitable Institutions
5) Both (C) and (D)

correct option : 3
28. MIBID is used to be calculated every day by which of the following organizations?
1) National Stock Exchange
2) Shanghai Stock Exchange
3) Bombay Stock Exchange
4) New York Stock Exchange
5) London Stock Exchange

correct option : 1
29. The authorized capital of General insurance corporation of India is_____.
1) Rs 2000 crores
2) Rs 500 crores
3) Rs 1000 Crores
4) Rs 2000 Crores
5) Rs 3000 Crores

correct option : 3
30. What is the full form of “EMI” frequently used term in banking operations?
1) Equal Monthly Interest
2) Equally Money Instalment
3) Equated Money Instalment
4) Equated Monthly Interest
5) Equated Monthly Instalment

correct option : 5
31. Which of the following accounts can be held in the form of current account only?
1) EEFC Account
2) RFC Account
3) NRE Account
4) NRO Account
5) FCNR (B) Account

correct option : 1
32. QIP is a process which was introduced by SEBI so as to enable the listed
companies to raise finance. What is ‘P’ in QIP?
1) Procurement
2) Penalty
3) Public
4) Placements
5) Party

correct option : 4
33. In the estimated spending of Union Budget, which of the following has
the maximum share?
1) Interest Payments
2) Centrally Sponsored Schemes
3) Subsidy
4) Rural Development
5) Defence

correct option : 1
34. As per the latest report by the World Gold Council (WGC), India holds
world’s _______ largest Gold reserve in the world.
1) 2nd
2) 5th
3) 7th
4) 11th
5) 14th

correct option : 4
35. What is the maximum investment limit of Senior Citizen Savings Scheme?
1) ₹ 20 Lakh
2) ₹ 10 Lakh
3) ₹ 25 Lakh
4) ₹ 15 Lakh
5) ₹ 30 Lakh

correct option : 4
36. In Bank Led Resolution Approach, the financial institutions should enter
into an inter-creditor agreement to authorize the lead bank to implement a
resolution plan in __________ days.
1) 90 days
2) 180 days
3) 300 days
4) 30 days
5) 60 days

correct option : 2
37. What is the maximum limit of Foreign Direct Investment in Private
banks under the automatic route?
1) 100%
2) 74%
3) 26%
4) 49%
5) 20%

correct option : 4
38. Which among the following is used to estimate the insurance risks and the
premium of the policy?
1) Endorsement
2) Appraisal
3) Underwriting
4) Precertification
5) Waiving

correct option : 3
39. AU Small Finance Bank is headquartered in ______
1) Chennai, Tamil Nadu
2) Jaipur, Rajasthan
3) Thrissur, Kerala
4) Bengaluru, Karnataka
5) Varanasi, Uttar Pradesh

correct option : 2
40. In the context of MUDRA Banks, which of the following statements is
correct?
1) It is a wholly-owned subsidiary of SIDBI
2) It lends directly to the micro-entrepreneurs/individuals
3) It has a paid-up capital of Rs 750 crore
4) Only 1 & 3
5) All of the above

correct option : 4
41. The size of an Indian Depository Receipts issue shall not be less than _______.
1) ₹ 5 Crore
2) ₹ 20 Crore
3) ₹ 50 Crore
4) ₹ 10 Crore
5) ₹ 25 Crore

correct option : 3
42. ‘Relationships beyond Banking’ is the tagline of which among the following
banks?
1) Syndicate Bank
2) Indian Overseas Bank
3) Canara Bank
4) Bank of India
5) Andhra Bank

correct option : 4
43. What is the minimum prescribed maturity period of Commercial Paper?
1) 30 days
2) 7 days
3) 91 days
4) 182 days
5) 364 days

correct option : 2
44. In which year, National Financial Switch was taken over by National
Payment National Payments Corporation of India from IDRBT?
1) 2004
2) 2007
3) 2009
4) 2010
5) 2000

correct option : 3
45. Which of the following is issued by a bank that guarantees the buyer’s
payment to sellers would be received on time with the correct amount?
1) Commercial Paper
2) Dated Securities
3) Bill of Exchange
4) Promissory Notes
5) Letter of Credit

correct option : 5
46. Which among the following is not true about Payment Banks?
1) Payment Banks can accept deposits up to Rs. 1 lakh per individual
2) Payment Banks can lend any money to the general public
3) The minimum paid-up equity capital for Payment Banks is ₹ 100 Crore
4) Payments Banks can offer forex services
5) All the above are true.

correct option : 2
47. FCNR(B) Account can be held in the form of a term deposit. What is the
maximum term limit for those accounts?
1) 15 years
2) 12 years
3) 10 years
4) 5 years
5) 3 years

correct option : 4
48. The Gross National Product after deducting the losses due to depreciation is
known as _____.
1) Net Value Added
2) Gross Value Added
3) Gross Domestic Product
4) Net Domestic Product
5) Net National Product

correct option : 5
49. Recurring Deposit Account has a maximum deposit period of________ years.
1) 2
2) 6
3) 8
4) 10
5) 12

correct option : 4
50. India’s first listed exchange ‘Multi Commodity Exchange of India Limited
(MCX)’ offers trading in which of the following?
1) Gold
2) Silver
3) Copper
4) Zinc
5) All of the above

correct option : 5
51. Financial Stability and Development Council (FSCD) is chaired by _____.
1) RBI Governor
2) Financial Secretary
3) Finance Minister
4) Prime Minister
5) Commerce and Industry Minister

correct option : 3
52. In banking, the lump sum paid at the end of a loan's term that is significantly
larger than all of the payments made before it is called as ______.
1) Rubber Band Payment
2) Zap Payment
3) Balloon Payment
4) Escalator Payment
5) Cookie Payment

correct option : 3
53. The maximum maturity age of LIC Jeevan Anand policy is ______.
1) 25 years
2) 35 years
3) 50 years
4) 75 years
5) 100 years

correct option : 4
54. What is the meaning of R in TReDS?
1) Render
2) Rate
3) Return
4) Receivables
5) Revenue

correct option : 4
55. Which of the following Public sector banks has signed agreement
with Cholamandalam MS General Insurance?
1) UCO Bank
2) SBI
3) BOB
4) Union Bank of India
5) Indian Bank

correct option : 5
56. HDFC Life Insurance included in MSCI index. 'C' in MSCI stands for_____.
1) Control
2) Care
3) Capital
4) Charge
5) Council

correct option : 3
57. Recently, RBI has slapped monetary penalty aggregating _________ on 11 banks for
non-compliance with certain provisions of its directions on frauds classification.
1) ₹8.50 cr
2) ₹10.50 cr
3) ₹11.50 cr
4) ₹5.50 cr
5) ₹6.50 cr

correct option : 1
58. Special Non-Resident Rupee Account can be operated for a maximum
period of ________ years.
1) 10
2) 5
3) 9
4) 7
5) 3

correct option : 4
59. PNB Housing recently raised $75 million in ECB from which of the following
banks?
1) JPMorgan Chase & Co. (JPM)
2) HSBC Holdings
3) None of these
4) Sumitomo Mitsui Bank
5) Mitsubishi UFJ Financial Group

correct option : 4
60. What is the minimum Capital Adequacy ratio to be maintained by small
finance banks in India?
1) 10%
2) 12%
3) 15%
4) 20%
5) 12.5%

correct option : 3
61. Which of the following Committee recommended for setting up of National
Bank for Agriculture and Rural Development?
1) B Sivaraman
2) Narasimhan II
3) Vinod Singh Shekhawat
4) S Nagalingam
5) Balwant Rai Mehta

correct option : 1
62. Which of the following is the rate charged by the central bank for lending
funds to a commercial bank?
1) Term rate
2) Bank rate
3) Note rate
4) Supply rate
5) Commercial rate

correct option : 2
63. RBI launched an ombudsman scheme for digital payment under _________
section of the Payment and Settlement Systems Act, 2007.
1) Section 18
2) Section 23
3) Section 42
4) Section 14
5) Section 7

correct option : 1
64. FRA is a contract between parties that determines the rate of interest to be
paid. In FRA, ‘F’ denotes ______.
1) Financial
2) Foreign
3) Fiscal
4) Forward
5) Facility

correct option : 4
65. What is the motif of ₹ 20 notes?
1) Hill Forts of Rajasthan
2) Red Fort
3) Ellora Cave
4) Bodh Gaya
5) Ajanta Cave

correct option : 3
66. APA gives certainty to taxpayers, reduce disputes and enhances tax revenues.
What does ‘P’ denote in ‘APA’?
1) Personal
2) Pricing
3) Payment
4) Public
5) Preference

correct option : 2
67. ‘Where Service is a way of Life’ is the tagline of which of the following banks?
1) Corporation Bank
2) UCO Bank
3) Union Bank of India
4) Punjab & Sind Bank
5) Punjab National Bank

correct option : 4
68. Small Industries Development Bank of India is headquartered in _____.
1) Hyderabad
2) Lucknow
3) Mumbai
4) Pune
5) New Delhi

correct option : 2
69. SBI Life Insurance and ______ have inked a bancassurance pact to offer
holistic financial planning solutions.
1) Indian Overseas Bank
2) Corporation Bank
3) Andhra Bank
4) Indian Bank
5) Karur Vysysa Bank

correct option : 4
70. RBI has announced the plans for round-the-clock availability of ______
system from December 2019.
1) RTGS
2) NEFT
3) SWIFT
4) CTS
5) None of the above

correct option : 2
71. In context of BASEL III Accords, what does LCR stands for______.
1) Liberalized capital rate
2) Liberalized Currency ratio
3) Leveled Credit rate
4) Low Capital Region
5) Liquidity Coverage ratio

correct option : 5
72. ______ , recently got Scheduled Bank status.
1) Equitas Small Finance Bank
2) A U Small Finance Bank
3) Jana Small Finance Bank
4) Capital Small Finance Bank
5) ESAF Small Finance Bank

correct option : 3
73. MICR is a nine-digit number printed on banking instruments such as a
cheque or a demand draft, its first three digits denotes_________.
1) City
2) CVV
3) Bank code
4) Country Code
5) Branch code

correct option : 1
74. National Small Saving is part of _______.
1) Consolidated Fund of India
2) Contingency Fund of India
3) Public Account of India
4) Both (1) & (3)
5) All (1), (2) & (3)

correct option : 3
75. Which of the following banks has a tagline ‘Let’s make money simple’?
1) Bank of India
2) Central Bank of India
3) IDBI
4) Kotak Mahindra Bank
5) Dena Bank

correct option : 4
76. Which of the following committee recommended the formation of ‘Payments
Bank’ in India?
1) Nalin Mehta
2) B Sivaraman
3) Urjit Patel
4) Nachiket Mor
5) Aviral Acharya

correct option : 4
77. Support extended to limit production comes under which category of WTO?
1) Amber box
2) Green box
3) Development Box
4) Blue box
5) Special and Differential treatment Box

correct option : 4
78. ______measures the amount of money flowing from one country to other
countries over one monetary year.
1) Foreign institutional Investment
2) Balance of Payments
3) Foreign portfolio investment
4) Foreign Direct Investment
5) None of the above

correct option : 2
79. Which of the following is a component for calculating index ratio in the
Inflation-indexed bonds?
1) WPI on Settlement date
2) CPI on Settlement date
3) WPI on Issue Date
4) Both 1 & 3
5) Both 1 & 2

correct option : 4
80. The Reserve Bank of India has sold its entire stake in NABARD and NHB to the
government based on the recommendation of _____.
1) Narasimham Committee
2) Raghuram Rajan Committee
3) Urjit Patel Committee
4) YV Reddy Committee
5) HR Khan Committee

correct option : 1
81. What is the lock-in period of funds involved in Equity-linked Savings Scheme?
1) No Lock-in Period
2) 2 Years
3) 6 Months
4) 12 Months
5) 3 Years

correct option : 5
82. _________by IDBI Bank is a first of its kind Mobile Money payment solution.
1) PayBid
2) PayId
3) Bipay
4) IDBIMob
5) PayApt

correct option : 5
83. Who appoints the Chairman of Finance Commission?
1) Prime Minister
2) Union Finance Minister
3) Governor, RBI
4) President of India
5) Chairman, NITI Aayog

correct option : 4
84. RBI has increased the bank credit to NBFCs for on-lending to MSEs under
Priority Sector Lending up to a limit of______ percentage of bank’s total PSL.
1) 4%
2) 4.5%
3) 5%
4) 5.5%
5) 6%

correct option : 3
85. The headquarters of National Payments Corporation of India (NPCI) is
situated in _________.
1) New Delhi
2) Kolkata
3) Lucknow
4) Mumbai
5) None of the above

correct option : 4
86. SARFAESI Act was enacted to identify and rectify the problem of NPAs. ‘R’ in
SARFAESI stands for________.
1) Returns
2) Recovery
3) Reconstruction
4) Reduced
5) Repaying

correct option : 3
87. While exchanging the soiled notes, a person can be presented the maximum
of ____ pieces with a maximum value of _____ per day respectively.
1) 10, ₹ 1000
2) 20, ₹ 2500
3) 20, ₹ 5000
4) 25, ₹ 2500
5) 25, ₹ 5000

correct option : 3
88. The fund that can be invested exclusively in government securities is
known as _______.
1) Index Fund
2) Gilt Fund
3) Specific Fund
4) Liquid Fund
5) None of the above

correct option : 2
89. Aditya Birla Health Insurance has entered into a bancassurance partnership
with which among the following banks?
1) Andhra Bank
2) ICICI Bank
3) HDFC Bank
4) Axis Bank
5) Bandhan Bank

correct option : 4
90. Recently, the Confederation of Indian Industry unveiled FPI to assess the quality
of Budgets. In FPI, ‘P’ denotes ______.
1) Pricing
2) Performance
3) Product
4) Producing
5) Planning

correct option : 2
91. The fintech NBFCs should have less than ______ percentage of non-performing
assets to be eligible for funding assistance.
1) 15%
2) 9%
3) 4%
4) 8%
5) 11%

correct option : 3
92. The Reserve Bank of India has introduced the changes in the Credit
Authorisation Scheme of Credit based on the recommendation of _______.
1) Sivaraman Committee
2) Siddiqui Committee
3) Narasimham Committee
4) Chakravarty Committee
5) Vaghul Committee

correct option : 5
93. What is the maximum FDI limit in the Small Finance Banks?
1) 35%
2) 51%
3) 100%
4) 74%
5) 49%

correct option : 4
94. Interest Rates are the rates that banks offer to their depositors. Which among
the following is NOT a factor for determining the interest rates?
1) Government borrowings
2) Supply of Money
3) Current Account Deficit
4) Demand for Money
5) Inflation Rate

correct option : 3
95. Index of Eight Core Industries doesn’t measure the performance of _______.
1) Coal
2) Iron
3) Cement
4) Fertilizer
5) Electricity

correct option : 2
96. EPFO is likely to appoint ______ as fund managers.
1) SBI MF
2) HSBC AMC
3) UTI AMC
4) Only B&C
5) All of the above

correct option : 5
97. Cash Reserve Ratio is maintained as a percentage of which of the following
measures?
1) Adjusted Net Bank Credit
2) Off-Balance Sheet Exposure
3) Net Capital Reserve
4) Net Demand and Time Liability
5) Depository Liquidity Proportion

correct option : 4
98. Which of the following statements in context of Treasury Bills is not
correct?
1) They are issued by RBI
2) They have a maximum maturity of a 365 days
3) They are issued when the government need money for a shorter period
4) They are zero coupon securities and pay no interest
5) None of the above

correct option : 2
99. As per the RBI guidelines, which among the following categories of loans
could NOT be priced without reference to Base Rate?
1) DRI advances
2) Loans to retired bank employees
3) Education Loan
4) Loans to banks’ depositors against the collateral property
5) Both (a) and (d)

correct option : 3
100. National Securities Depository Limited was established in which year?
1) 1990
2) 1994
3) 1992
4) 1996
5) 1998

correct option : 4
101. Recently, which bank has introduced the repo-linked lending rate for a
home loan and vehicle loan?
1) UCO Bank
2) Corporation Bank
3) Bank of Baroda
4) Union Bank of India
5) Andhra Bank

correct option : 4
102. Special Drawing Rights refer to an international type of monetary
reserve currency created by _______.
1) RBI
2) IMF
3) WEF
4) UN
5) BCBS

correct option : 2
103. Net National Product of an economy is the Gross National Product after
deducting the loss due to _______
1) NPA
2) Depreciation
3) Deflation
4) Inflation
5) Reflation

correct option : 2
104. Bandhan Bank has launched a co-branded credit card with ______ to offer
complete services to its existing customers.
1) Deutsche Bank
2) ICICI Bank
3) Bank of America
4) DBS Bank
5) Standard Chartered Bank

correct option : 5
105. ASBA is a supplementary process for applying to public issues. In ASBA, ‘B’
denotes-
1) Bill
2) Blocked
3) Bridge
4) Basel
5) Bank

correct option : 2
6. A government panel headed by Akhilesh Ranjan has recommended cutting the
corporate tax rate to _____ for all companies.
1) 25%
2) 30%
3) 15%
4) 20%
5) 35%

correct option : 1
107. Which among the following is a condition of slow economic growth and
relatively high unemployment?
1) Hyper Inflation
2) Bottleneck Inflation
3) Core inflation
4) Reflation
5) Stagflation

correct option : 5
108. National Housing Board will provide an additional liquidity support of ______
to HFCs.
1) ₹ 10000 Crore
2) ₹ 15000 Crore
3) ₹ 20000 Crore
4) ₹ 25000 Crore
5) ₹ 30000 Crore

correct option : 3
109. Which of the following is the tagline of Lakshmi Vilas Bank?
1) Where Every Individual is Committed
2) Where Service is a way of Life
3) Honours Your Trust
4) The Changing Face of Prosperity
5) Smart way to Bank

correct option : 4
110. Mumbai is the Headquarters of which of the following Banks?
1) Federal Bank
2) Syndicate Bank
3) RBL Bank
4) Punjab National Bank
5) Oriental Bank of Commerce

correct option : 3
111. CAMELS is a rating system is a recognized international rating system. In
CAMELS, ‘M’ denotes-
1) Machine
2) Monitor
3) Management
4) Money
5) Markets

correct option : 3
112. Which among the following is one of the trigger points of Prompt Corrective
Action?
1) Cash Reserve Ratio
2) Non-Performing Assets
3) Liquidity ratio
4) Current ratio
5) All are true

correct option : 2
113. What is the minimum maturity period of the loan under the Liberalised
Remittance Scheme?
1) 2 years
2) 5 years
3) 6 months
4) 1 year
5) 18 months

correct option : 4
114. _______ is a technology used to verify the legitimacy or originality of paper
documents, especially Cheques.
1) MMID
2) MICR
3) IFSC
4) SWIFT
5) BIC

correct option : 2
115. Monetary authorities of which of the following countries are members of the
Asian Clearing Union (ACU)?
A) India B) Iran C) Singapore D) Malaysia
Select the answer from the given code:
1) A & C only
2) A, C & D only
3) C & D only
4) B & D only
5) A & B only

correct option : 5
116. ______has partnered with SAP Ariba for financial supply chain solutions.
1) HSBC Bank
2) Deutsche Bank
3) Bank of Scotland
4) Standard Chartered Bank
5) Development Band of Singapore Bank

correct option : 4
117. Which of the following authorities has power to regulate Infrastructure Debt Funds?
1) SEBI
2) RBI
3) Both A & B
4) Ministry of Finance
5) All of the above

correct option : 3
118. ______ are held by a third-party bank, other than both banks who are doing the
transactions.
1) Loro Accounts
2) VOSTRO Accounts
3) NOSTRO Accounts
4) NRI Accounts
5) NRE Accounts

correct option : 1
119. _______ is an online address unique to each customer which can be used instead of
providing bank account every time.
1) IFSC
2) MMID
3) VPA
4) UPI
5) OTP

correct option : 3
120. Which among the following services cannot be provided through Micro ATMs?
1) Balance Enquiry
2) Funds Transfer
3) Cash Withdrawal
4) Lending Loans
5) Cash Deposit

correct option : 4
121. Which of the following is not one of the quantitative measures of credit
control used by Reserve Bank of India?
1) SLR
2) CRR
3) Bank rate Policy
4) Moral Suasion
5) All are true

correct option : 4
122. Which of the following ratio shows the amount of currency that people hold as a
proportion of aggregate deposits?
1) Debit Deposit Ratio
2) CASA Ratio
3) Currency Deposit Ratio
4) Credit Deposit Ratio
5) Loan to Deposit Ratio

correct option : 3
123. Which of the following authorities appoint Banking Ombudsman?
1) Ministry of Finance, Government of India
2) Individual Commercial Banks
3) Reserve Bank of India
4) Indian Banks' Association
5) Banking Codes and Standards Board of India

correct option : 3
124. The Bank of Rajasthan was merged with which of the following banks?
1) ICICI Bank
2) HDFC Bank
3) ING Vysya
4) Kotak Mahindra Bank
5) Axis Bank

correct option : 1
125. Addition of Product taxes and deduction of product subsidies from GVA
basic prices will provide
1) GVA factor cost
2) GVA market price
3) GDP factor cost
4) GDP market price
5) GDP basic price

correct option : 4
126. ____________panel of the RBI has recommended that the revised economic
capital framework will be reviewed every five years.
1) Usha Thorat
2) Bimal Jalan
3) Nachiket Mor
4) Y V Reddy
5) None of these

correct option : 2
127. Government, along with three other mergers has decided to merge Canara Bank and
Syndicate Bank making it _________ largest bank entity.
1) 2nd
2) 3rd
3) 4th
4) 5th
5) 7th

correct option : 3
128. Which of the following is/are TRUE regarding Shares in capital market?
1) Risk factor is high in shares than in debt instruments
2) It is a unit of ownership
3) Equity Shares have claim over capital, profit and loss
4) Both A & B Only
5) All A, B & C

correct option : 5
129. Which of the following term denotes a currency which is hyper-sensitive and
fluctuates frequently often with political & economic situations?
1) Hard Currency
2) Hot Currency
3) Soft Currency
4) Easy Currency
5) None of the above

correct option : 3
130. Acc. to Finance Ministry, GST collection up ______% in August at ₹98,202 crore.
1) 3.57
2) 4.51
3) 6.51
4) 2.67
5) None of these

correct option : 2
131. As per recent notification by NPCI ,MDR has been revised to 0.30% with a
maximum cap of ₹100 per transaction. 'D' in MDR stands for__________.
1) Digital
2) Discount
3) Discreet
4) Developed
5) Department

correct option : 2
132. RBI has extended deadline for PPIs to become full KYC complaint, from
________months to________ months.
1) 12, 16
2) 9, 12
3) 18, 24
4) 24,30
5) 36, 48

correct option : 3
133. Which bank recently tied up with TATA AIG insurance for diverse range of
general insurance policies benefiting the bank’s customers?
1) South Indian Bank
2) Federal Bank
3) Corporation Bank
4) Indian Bank
5) Indian Overseas Bank

correct option : 4
134. Samsung India tied up with Mastercard and which other bank in India for
mobile payments?
1) Bank of India
2) ICICI Bank
3) RBL Bank
4) Bank of Baroda
5) Allahabad Bank

correct option : 3
135. Which of the following bank says to you, “Apno ka Bank”?
1) Federal Bank
2) Allahabad Bank
3) Punjab National Bank
4) IDFC Capital First
5) RBL Bank

correct option : 5
136. In which of the following payment system(s) is the user required to provide
Indian Financial System Code (IFSC) during transactions?
1) Real Time Gross Settlement
2) National Electronic Funds Transfer
3) Credit card and Debit card transactions
4) Both A & B
5) All of the above

correct option : 4
137. ___________ is long-term unemployment caused by the decline of certain
industries and changes in the production process.
1) Frictional unemployment
2) Cyclical unemployment
3) Structural unemployment
4) Seasonal unemployment
5) Disguised unemployment

correct option : 3
138. Which of the following can act as Issuing and Paying Agent for the issuance
of Commercial Paper?
1) Corporates
2) Foreign Institutions
3) Scheduled Bank
4) Non-Scheduled Bank
5) All the above

correct option : 3
139. Which of the following entities recently announced the establishment of the
first global green bond fund?
1) IMF, Deutsche Asset Management
2) ADB, BNP Paribas Investment Partners
3) None of these
4) NDB, New York Life Investment Management
5) IFC & HSBC Global Asset Management

correct option : 5
140. CMO is a generic term for a security backed by real estate mortgages. ‘O’ in
CMO stands for____________.
1) Offerings
2) Obligation
3) Overseas
4) Ombudsman
5) Ownership

correct option : 2
141. ECS is an electronic mode of payment / receipt for transactions that are
repetitive and periodic in nature. ‘C’ in ECS stands for?
1) Corporate
2) Company
3) Cash
4) Customer
5) Clearing

correct option : 5
142. Which of he following facility/service is NOT available in a White Label ATM?
1) Regular Bills Payment
2) Cash Deposit
3) PIN change
4) Request for Cheque Book
5) All the above ARE available

correct option : 5
143. As per the RBI annual report, Banking fraud cases have witnessed a rise by
over how much percentage (approx.) in FY-19 over FY-18?
1) 70%
2) 78%
3) 80%
4) 85%
5) None of those given as options

correct option : 1
144. Which organisation recently underwent an agreement with Steel Users
Federation of India for launch of steel futures?
1) National Stock Exchange
2) Multi-commodity Exchange
3) Ahmedabad stock exchange
4) India-International Exchange
5) Bombay Stock Exchange

correct option : 5
145. SBI ,recently raised up to Rs _____ Crore By Issuing Basel-III-Compliant Bonds.
1) 2134
2) 3105
3) 4567
4) 5798
5) 8653

correct option : 2
146. ICAAP is a process which helps banks in India to assess the capital requirement
under BASEL norms. What is ‘I’ in ICAAP?
1) Internal
2) Investment
3) Industry
4) Integrated
5) Initial

correct option : 1
147. The “India Microfinance Equity Fund” is operated through ___________.
1) MUDRA Bank
2) SIDBI
3) RBI
4) Scheduled banks
5) Industrial Finance Corporation of India

correct option : 2
148. Who among the following is/are eligible for opening a Fixed Deposit in a
bank?
1) Hindu Undivided Family
2) Limited Companies
3) Clubs and Societies
4) A & B Only
5) All A, B & C

correct option : 5
149. Among the following which are the Indian credit bureaus?
1) CIBIL TransUnion
2) Experian
3) Equifax
4) CRIF High Mark
5) All of the above

correct option : 5
150. Which of the following option is INCORRECT regarding Treasury Bills?
1) They have a maximum maturity period of 192 days
2) They pay maximum interest among other instruments
3) They are issued by Finance Ministry
4) Both A & C only
5) All A, B & C

correct option : 5
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