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Banking Awarness - Part 1
1
of
25
💡
Hints:
3
Q1. Under which act NBFCs are incorporated?
A. Banking Regulation Act, 1949
B. Companies Act, 1956
C. RBI Act 1934
D. SBI Act 1955
Q2. What were the recommendation of Janak Raj Committee?
A. linking bank lending rates to a market benchmark
B. Merging all the Regional Rural banks
C. Dissolving all the Payments banks
D. None of the above
Q3. The largest shareholder of a public sector bank is -
A. RBI
B. Government of India
C. NABARD
D. All of the Above
Q4. Who is the first chairperson and managing director of public sector Bharatiya Mahila Bank (BMB)?
A. Shilpa Phadnis
B. Usha Anantha Subramanian
C. Reeba Zachariah
D. Sudha Misra
Q5. Which of the following is NOT a Public Sector Unit? [Indian Overseas Bank 2011]
A. HPCL
B. Yes Bank
C. HAL
D. SAIL
Q6. The full form of PIN in the parlance of an ATM card is
A. Permanent Information Number
B. Personal Identification Number
C. Professional Identification Number
D. Permanent Identification Number
Q7. By how much Industries Growth has been seen at (in Economic Survey 2017-18) -
A. 4.4 per cent
B. 4.1 per cent
C. 4.6 per cent
D. 4.9 per cent
Q8. The organisation is responsible for calculating National Income is -
A. CSO
B. NSSO
C. RBI
D. SBI
Q9. Payment of a cheque may be counter manded by the ___
A. Payee
B. True owner
C. Drawee
D. Drawer
Q10. Prime Minister Narendra Modi has launched Ayushman Bharat, world’s largest government-funded healthcare scheme in Jharkhand’s capital Ranchi. It will offer a benefit cover of ___ per family per year.
A. Rs 2 lakh
B. Rs 7 lakh
C. Rs 5 lakh
D. Rs 10 lakh
Q11. Which of the following is not a term associated with the stock markets directly?
A. Bear hug
B. Dividend
C. Insider trading
D. Interest rate
Q12. Which of the following acts is specially launched to facilitate banks in recovery of bad loans?
A. RBI Act
B. Banking Regulation Act
C. Companies Act
D. SARF AESI Act
Q13. Where was Citi Bank India first established its office in 1902?
A. Calcutta
B. Bombay
C. Madras
D. Dhaka
Q14. Which of the following is the purchase of bonds and shares of Indian companies by Foreign Institutional investors?
A. FDI
B. NRI investment
C. Portfolio investment
D. Foreign indirect investment
Q15. The network for common data communication for banks and FIs launched by RBI:
A. BANKNET
B. INFINET
C. SWIFT
D. INTERNET
Q16. Which of the following cannot be called as a value Added Service offered by bank?
A. Special Accounts for poor sections of society
B. Accident Insurance Cover
C. Instant credit of outstations cheques
D. Free cheque books
Q17. KVP can be purchased from any Departmental Post office. KVP stands for
A. Kisan Vikas Public
B. Kisan Vilay Patra
C. Kisan Vikas Patra
D. Krishi Vikas Patra
Q18. The Union Cabinet has recently approved to increase the Investment Limit for Senior Citizens from Rs. 7.5 lakh to ___ under Pradhan Mantri Vaya VandanYojana (PMVVY).
A. Rs.15 lakh
B. Rs.13 lakh
C. Rs.12 lakh
D. Rs.10 lakh
Q19. The Finance Minister stated that the Government has been successful in bringing down average inflation to ___ over last five years.
A. 4.20%
B. 4.60%
C. 4%
D. 4.80%
Q20. As per the guidelines issued by RBI, all NBFC-MFIs should maintain an aggregate margin cap of not more than how much percent?
A. 8 per cent
B. 9 per cent
C. 10 per cent
D. 12 per cent
Q21. Which of the following schemes/products launched by the banks to provide instant loan facility to the farmers?
A. Kisan Credit Card
B. Krishi Bima Yojana
C. Crop Loan Scheme
D. Corporate Loan Scheme
Q22. NITI Aayog released comprehensive roadmaps and detailed timelines for its initiative ’SATH-E’ project. What does ’H’ stands for in SATH?
A. Health
B. Hospitality
C. Homage
D. Human
Q23. Whenever RBI does some Open Market Operation transactions, actually it wishes to main regulate which of the following?
A. Inflation only
B. Liquidity in economy
C. Borrowing powers of the banks
D. Flow of foreign direct investments
Q24. Which of the following is the eligibility parameters for NBFCs as sponsors of IDF-MF?
A. The NBFC should have a minimum Net Owned Funds (NOF) of Rs.300 crore
B. Its net NPAs should be less than 3% of net advances
C. It should have been in existence for at least 5 years
D. All of the above
Q25. What is MZM in money market?
A. Money with highest return
B. Money with zero maturity
C. Money with sovereign guarantee
D. Monetary base or total currency
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