Question No : 1

Which Bank had taken over the Imperial Bank of India?

(1) State Bank of India

(2) Reserve Bank of India

(3) Indian Bank

(4) Central Bank of India

(5) None of these

Question No : 2

Which of the following sector(s) make(s) maximum contribution to the National Income of India?

(1) Services

(2) Agriculture and Industry both jointly

(3) Agriculture

(4) Industry

(5) None of these

Question No : 3

Which of the following is known as Plastic money?

(A) Demand Draft

(B) Credit Card

(C) Debit Card

(1) Only (A) 

(2) Only (B)

(3) Only (C)

(4) Both (B) and (C)

(5) All (A), (B) and (C)

Question No : 4

Goods and Services Tax (GST), would replace which of the following taxes levied at present?

(1) Income tax

(2) Corporate tax

(3) Capital gains tax

(4) Value-added tax (VAT)

(5) All of these

Question No : 5

What is the maximum period for which domestic term deposits are normally accepted by banks in our country?

(1) 3 years

(2) 5 years

(3) 7 years

(4) 10 years

(5) 12 years

Question No : 6

KYC guidelines followed by the Banks have been farmed on the recommendations of the ____

(1) Ministry of Home Affairs

(2) Ministry of Rural Development

(3) Indian Banks Association

(4) Financial Intelligence Unit 

(5) RBI

Question No : 7

Bridge loans refer to ______

(1) Loans granted to construction companies for construction of bridges

(2) Loan granted to PWD for construction of bridges over Rivers

(3) Interim finance allowed by banks to their customers pending disbursement of term loans by financial institutions

(4) Loan granted to Railway for construction of bridges

(5) None of these

Question No : 8

On which one of the following issues IMF has supported monetary policy of India?

(1) Introduction of GST

(2) Concessions for foreign investment

(3) Stimulus for agriculture sector 

(4) Tightening of monetary policy

(5) None of these

Question No : 9

In the term STRIPS, the first letter ‘S’ denotes ________

(1) Single 

(2) Small 

(3) Special

(4) Savings

(5) Separate

Question No : 10

Structure of Basel II is based on how many pillars?

(1) Two

(2) Ten

(3) Four

(4) Five

(5) Three

Question No : 11

As per the recent press reports, use of credit cards in India has gone down. What is/are the main reason/s for the same?

(A) High interest rate charged by the card companies.

(B) Rise in fraudulent activities related to use of credit cards.

(C) Govt. policies which do not allow the launch of new credit cards by the banks.

(1) Only (A) 

(2) Only (B)

(3) Only (C)

(4) All (A), (B) and (C)

(5) None of these

Question No : 12

Which of the following organization/agencies has established a fund known as Investor Protection Fund?

(1) RBI

(2) Bombay Stock Exchange

(3) SIDBI

(4) Ministry of Finance

(5) Ministry of Commerce & Industry

Question No : 13

Which of the following terms is used in the field of Banking?

(1) MRI

(2) Refraction

(3) Neutralization

(4) Depository Receipt

(5) Atomic Number

Question No : 14

Reverse Repo is a tool used by RBI to ________

(1) Inject liquidity

(2) Increase the liquidity with banking system

(3) Absorb liquidity

(4) To keep the liquidity at one level 

(5) None of these

Question No : 15

Many times we read a term CBS used in banking operations. What is the full form of the letter ‘C’ in the term ‘CBS’?

(1) Complete

(2) Credit

(3) Continuous

(4) Core

(5) None of these

Question No : 16

SEBI is a _________

(1) Advisory body

(2) Constitutional body

(3) Statutory body

(4) Non-statutory body

(5) Registered as Society

Question No : 17

Mixed Economy means ______

(1) Co-existence of small and large industries

(2) Promoting both Agriculture and industries in the economy

(3) Co-existence of public and private sectors

(4) Co-existence of rich and poor

(5) Existence of wholesale and Retail Markets

Question No : 18

The expansion for BIFR, in the context of the Indian Industry is

(1) Board for Investment and Financial Redevelopment

(2) Bureau for Industrial and Financial Revolution

(3) Board for Investment and Formal Reconstruction

(4) Board for Industrial & Financial Reconstruction

(5) Bureau for Investment and Financial Reconstruction

Question No : 19

Which of the following is not a measure to control inflation adopted by the Government or RBI?

(1) Monetary Policy

(2) Fiscal Policy

(3) Price Control

(4) Financial Inclusion

(5) Public Distribution System

Question No : 20

Which one of the following is not a negotiable instrument?

(1) Cheque

(2) Pay order

(3) Bill of Exchange

(4) Ware house receipt

(5) All are Negotiable Instruments