Direction (Qs.1-20): Read the following questions carefully and choose your answer from the given five options.
Question No : 1
Who amongst the following gave the concept of RUPA (Providing Urban facilities in Rural Areas)?
(1) Rajiv Gandhi
(2) Manmohan Singh
(3) Sonia Gandhi
(4) A.P.J. Abdul Kalam
(5) None of these
Question No : 2
Which of the following is not the function of a merchant banker?
(1) Issue Management
(2) Collection of bills and cheques
(3) Preparation of project reports
(4) Syndication of loans
(5) All the above
Question No : 3
In a bank normally we do not see a division/department like ______
(1) Credit Division
(2) Payment Division
(3) Receipt
(4) Customer Relations
(5) Intensive Care Unit
Question No : 4
Which of the following is a Private Bank having branches in various States in India?
(1) Bank of Baroda
(2) South Indian Bank
(3) Bank of India
(4) Bank of Maharashtra
(5) Corporation Bank
Question No : 5
What do you understand from the statement ‘Cash credit account against hypothecation of stocks’?
(1) Borrowing account for purchase of raw materials
(2) Borrowing account for working capital against security of stocks in
(3) Working capital loan account against security of stocks in possession of the borrower
(4) Borrowing account for working capital where the stocks of the borrower are in custody of the bank/lender
(5) None of these
Question No : 6
In case of cheque bouncing what is the permissible punishment?
(1) Imprisonment
(2) Fine equal to the value of bounced cheque
(3) Fine equal to double the amount of bounced cheque
(4) monetary fine and imprisonment.
(5) None of these
Question No : 7
Which among the following body promoted Securities Trading-Corporation of India Limited (STCI) Jointly with the Public Sector Banks?
(1) ICICI Ltd
(2) Securities Exchange Board of India
(3) IDBI Ltd
(4) Reserve Bank of India
(5) IRDA
Question No : 8
What is the name given to deposit accounts in Indian banks of Indians who reside overseas?
(1) Non–resident account
(2) Non –resident ordinary account
(3) Non-resident external account
(4) Absentee Indian accounts
(5) None of these
Question No : 9
Financial literacy programme of RBI is meant to promote which of the following?
(1) For better understanding of banking products and services
(2) It is meant to stop money laundering.
(3) For enabling compliance with KYC norms.
(4) All the above
(5) None of these
Question No : 10
Which of the following permitted to undertake foreign exchange business?
(1) Designated branches of commercial bank
(2) All branches of commercial banks
(3) Only metro branches of commercial banks
(4) Branches in metros and state capitals of commercial banks.
(5) None of these
Question No : 11
A Bank/Financial Organization these days relies heavily on e-commerce for its transaction. As a part of system security, it has introduced organization’s security awareness manual. This step of the organization can be classified under which one of the following categories of measures for a business?
(1) Detective
(2) Compliance
(3) Corrective
(4) Preventive
(5) None of these
Question No : 12
Which of the following policies of the financial sectors is basically designed to transferring local financial assets into foreign financial asset freely and at market determined exchange rates? Policy of ______
(1) Restrictive Trade practices
(2) Financial Deficit Management
(3) Minimum Support Price
(4) Capital Account convertibility
(5) None of these
Question No : 13
A customer wishes to purchase some US dollars in India. He/She should go to _______
(1) Public Debt Division of the RBI only
(2) American Express Bank Only
(3) RBI or any branch of a bank which is authorized for such business
(4) Ministry of Foreign Affairs
(5) None of these
Question No : 14
Which of the following is NOT a social assistance programme launched by the Government of India?
(1) Indira Awas Yojana
(2) National Family Benefit Scheme
(3) Annapurna Scheme
(4) National Old Age Pension Scheme
(5) None of these
Question No : 15
Which of the following terms is used in the field of finance and banking?
(1) Gauge Pressure
(2) Quantum number
(3) Single bond
(4) Adjustment Credit
(5) Absolute zero
Question No : 16
Which of the following is the name of very violent and serious types of winds which brings lot of disaster?
(1) Trade winds
(2) Hurricane
(3) Cirrus
(4) Stratus
(5) None of these
Question No : 17
As we have noticed many banks of Indian origin are opening offices/branches in foreign countries. Why is the trend emerging at a very fast pace?
(A) These Banks wish to provide banking facilities to foreigners as banking facilities are not plenty in many foreign countries. India wants to take an advantage of the situation.
(B) These banks wish to help Indian firms to acquire funds at internationally competitive rates.
(C) These banks wish to promote trade and investment between India and other countries.
(1) Only (A)
(2) Only (B)
(3) Only (C)
(4) All A, B and C
(5) Only B and C
Question No : 18
Many economists, bankers and researchers in India often advocate that banks should equip themselves for new challenges. These challenges are in which of the following shapes/forms?
(A) As Indian economy is getting increasingly integrated with the rest of the world the demand of the Corporate banking is likely to change in terms of size, composition of services and also the quality.
(B) The growing foreign trade in India will have to finance by the local banks.
(C) Foreigners are habitual of the comforts provided by the technology. India has to do a lot in this reference.
(1) Only (A) is correct
(2) Only (B) is correct
(3) Only (C) is correct
(4) All (A), (B) and (C) are correct
(5) None of these
Question No : 19
Olympics 2008 were scheduled to be held in
(1) Paris
(2) Tokyo
(3) London
(4) Moscow
(5) None of these
Question No : 20
Whenever RBI does some Open Market Operation Transactions, actually it wishes to regulate which of the following?
(1) Inflation Only
(2) Flow of Foreign Direct Investments
(3) Liquidity in economy
(4) Borrowing powers of the banks
(5) None of these