Industrial Finance Corporation of India, is a Non-Banking Finance Company
A.
True
B.
False
C.
all
D.
none
Answer»
A. True
205.
Nomination can be done in
A.
Savings Bank account
B.
Recurring Deposit account
C.
Fixed Deposit account
D.
All of above
Answer»
D. All of above
206.
Who is the present Governor of RBI?
A.
K.C. Chakrabarty
B.
D K Mittal
C.
Raghuram Rajan
D.
Monte k Singh Ahluwalia
Answer»
C. Raghuram Rajan
207.
Regional Rural Banks (RRBs) were established by Regional Rural Banks Act in
A.
1976
B.
1970
C.
1971
D.
1973
Answer»
A. 1976
208.
Bank does not provide loans for
A.
Crop loans
B.
Education loans
C.
Home loans
D.
Drinking & Gambling
Answer»
D. Drinking & Gambling
209.
KYC means
A.
Know your customer
B.
Know your character
C.
Both of above
D.
None of above
Answer»
A. Know your customer
210.
IDBI is the abbreviation of ……
A.
Industrial Development Bank of India
B.
Industrial Bank of India
C.
Industrial Development Bank
D.
Indian Development Bank of India
Answer»
A. Industrial Development Bank of India
211.
ATM means
A.
Any Time Money
B.
Auto Truck of Mahindra
C.
Automated Teller Machine
D.
None of above
Answer»
C. Automated Teller Machine
212.
Timely repayment of loans results
A.
Good reputation
B.
No tension
C.
Easily availability of loan in future
D.
All of above
Answer»
D. All of above
213.
General Insurance relates to insurance against
A.
Fire
B.
Theft
C.
Burglary
D.
All of above
Answer»
D. All of above
214.
Aadhaar is
A.
12 digit number card
B.
Identity proof issued by UIDAI
C.
Both (a) & (b)
D.
None of above
Answer»
C. Both (a) & (b)
215.
Which is prohibited for writing on currency notes?
A.
Political message
B.
Religious message
C.
Personal message
D.
All of above
Answer»
D. All of above
216.
PPF means
A.
Pension Planning Funds
B.
Person having Pension Facilities
C.
Public Provident Fund
D.
Permanent Practitioner’s Forum
Answer»
C. Public Provident Fund
217.
Interest on Savings Bank Deposits is paid
A.
Every month
B.
Quarterly
C.
Half yearly
D.
Yearly
Answer»
C. Half yearly
218.
While making nomination, signature of nominee is required on
A.
Account Opening Form
B.
Nomination form
C.
Affidavit
D.
None of above
Answer»
D. None of above
219.
Highest denomination of currency notes issued by RBI is
A.
Rs.100/-
B.
Rs.500/-
C.
Rs.1,000/-
D.
Rs.10,000/-
Answer»
D. Rs.10,000/-
220.
NRI means
A.
Non Rural Individuals
B.
Non Rural Immigrants
C.
Non Resident Indian
D.
None of above
Answer»
D. None of above
221.
PAN means
A.
A kind of utensil
B.
Primary Account Number
C.
Permanent Account Number
D.
None of above
Answer»
C. Permanent Account Number
222.
In Recurring Deposits,
A.
a fixed sum is deposited every month
B.
period of deposit is a fixed tenure
C.
interest is paid at FDR rate
D.
All of above
Answer»
D. All of above
223.
Bank provides loans for
A.
Home
B.
Car
C.
Education
D.
All of above
Answer»
D. All of above
224.
National Housing Bank (NHB), was set up on
A.
9 July 1988
B.
10 june 1988
C.
20 june 1898
D.
19 june 1985
Answer»
A. 9 July 1988
225.
The safest place for keeping money
A.
A pit dug in the ground
B.
An iron box
C.
Bank
D.
Money lender
Answer»
C. Bank
226.
Gold and silver ornaments should be kept in bank lockers
A.
It is safe
B.
No risk of theft
C.
Both (a) & (b)
D.
None of above
Answer»
C. Both (a) & (b)
227.
National Bank for Agriculture & Rural Development is the Full form of
A.
NABARD
B.
NABADR
C.
NABAARD
D.
NAABARD
Answer»
A. NABARD
228.
Coins are issued by
A.
Government of India
B.
NABARD
C.
Public sector banks
D.
State Bank of India
Answer»
A. Government of India
229.
Bank Pass Book is
A.
Issued by Bank
B.
Contains transaction details of Bank account
C.
Shows balance in account
D.
All of above
Answer»
D. All of above
230.
Banks pays interest on
A.
Deposits
B.
Loans
C.
Both (a) & (b)
D.
None of above
Answer»
A. Deposits
231.
Bank charges interest on
A.
Deposits
B.
Loans
C.
Both (a) & (b)
D.
None of above
Answer»
B. Loans
232.
NHB is the full name of
A.
National Housing Bank
B.
National house bank
C.
National Banking bonus
D.
National Housing board
Answer»
A. National Housing Bank
233.
Business Correspondent means
A.
An agent who provides banking services
B.
An agent of business house
C.
A type of money lender
D.
None of above
Answer»
A. An agent who provides banking services
234.
Internet banking refers to
A.
Operation of account through internet
B.
Opening of account through ATM
C.
Both (a) & (b)
D.
None of above
Answer»
A. Operation of account through internet
235.
Nomination once done can
A.
Not be cancelled
B.
Be cancelled
C.
Not be changed
D.
None of above
Answer»
B. Be cancelled
236.
Who can open bank account?
A.
Indian citizen
B.
Non-Resident Indian
C.
Illiterate
D.
All of above
Answer»
D. All of above
237.
PAN number is required for
A.
Deposits less than Rs.50,000/-
B.
Deposits in excess of Rs.1 lac
C.
Deposits Rs.50,000/- & above
D.
All transactions
Answer»
C. Deposits Rs.50,000/- & above
238.
TDS means
A.
Time Deposit Scheme
B.
Total Deposit Scheme
C.
Tax Deducted at Source
D.
None of above
Answer»
C. Tax Deducted at Source
239.
Maximum amount of Cheque
A.
Rs.100 crore
B.
No limit
C.
Rs.1 crore
D.
None of above
Answer»
B. No limit
240.
Bank draft is issued by
A.
Private Sector Banks
B.
Regional Rural Banks
C.
Public Sector Banks
D.
All of above
Answer»
D. All of above
241.
Industrial Development Bank of India is established in
A.
1964
B.
1965
C.
1864
D.
1992
Answer»
A. 1964
242.
Industrial Reconstruction Corporation of India is the abbreviation of
A.
IFCI
B.
IRCI
C.
IIRC
D.
ICRI
Answer»
B. IRCI
243.
The main function of the Export and Import Bank of India is
A.
To provide assistance to industries.
B.
To provide assistance to Agriculture
C.
To provide assistance to steel industries
D.
none of the above.
Answer»
D. none of the above.
244.
Export-Import (EXIM) Bank of India is the principal financial institution set up in
A.
1982
B.
1983
C.
1985
D.
1986
Answer»
A. 1982
245.
SIDBI is one of the four All India Financial Institutions regulated and supervised by
the Reserve Bank of India
A.
True
B.
False
C.
all
D.
none
Answer»
A. True
246.
National Bank for Agriculture and Rural Development (NABARD) is an
apex …………………………….. fully owned by Government of India.
A.
Development finance institution
B.
Credit financial institution.
C.
Agricultural Development institution
D.
National saving development
Answer»
A. Development finance institution
Chapter: Functions of Bank
247.
Which bank is known as banker’s bank?
A.
RBI
B.
SBI
C.
PNB
D.
NABARD
Answer»
A. RBI
248.
Current deposit is also known as ……….
A.
Savings deposit
B.
demand deposit
C.
time deposit.
D.
recurring deposit
Answer»
B. demand deposit
249.
which deposits are repayable after the expiry of the fixed period ?
A.
demand deposit
B.
time deposit
C.
savings deposit
D.
recurring deposit
Answer»
B. time deposit
250.
…………… is a credit facility granted by commercial banks to current
account holders
A.
Cash credit
B.
overdraft
C.
discounting of bills of exchange
D.
demand loans
Answer»
B. overdraft
251.
The process of …………. begins with banks lending money out of
primary deposit.
A.
credit creation
B.
cash credit
C.
debit creation
D.
over draft
Answer»
A. credit creation
252.
NBFI s refers to ……….
A.
Non Banking Financial Industries
B.
Non Banking Financial Institution
C.
Net Banking Financial Industries
D.
Net Banking Financial Institutions
Answer»
B. Non Banking Financial Institution
253.
Delivery of financial services at affordable costs to the disadvantaged
Low income segments of the society known as………..
A.
Credit creation
B.
financial exclusion
C.
Financial Inclusion
D.
consumer credit
Answer»
C. Financial Inclusion
254.
When a deposit of money is received by the banker , the banker becomes the
…………?
A.
creditor
B.
debtor
C.
receiver
D.
customer
Answer»
B. debtor
255.
When a deposit of money is received by the banker , the customer becomes the …………..?
A.
debtor
B.
creditor
C.
customer
D.
lender
Answer»
B. creditor
256.
The primary relationship between banker and customer is …………….
A.
Giver and receiver
B.
debtor and creditor
C.
insurer
D.
insured
Answer»
B. debtor and creditor
257.
A ……….. is a person to whom the management of a particular property is
entrusted for the exclusive benefit of a third party
A.
customer
B.
beneficiary
C.
trustee
D.
agent
Answer»
C. trustee
258.
Bankers Book Evidence Act was comes into existence ----
A.
1881
B.
1891
C.
1890
D.
1892
Answer»
B. 1891
259.
………… is the right of a creditor to retain possession of the property belonging to the debtor until certain demands of the person in possession are satisfied.
A.
Lien
B.
Returning
C.
Surrender
D.
None of these
Answer»
A. Lien
260.
FDR stands for …………..
A.
Fixed Delivery Receipt
B.
Fixed Deposit Receipt
C.
Final Deposit Receipt
D.
Final Delivery Receipt
Answer»
B. Fixed Deposit Receipt
261.
In which year Negotiable Instrument Act was passed ………?
A.
1981
B.
1956
C.
1881
D.
1984
Answer»
C. 1881
262.
…………… is a person who draws or makes a cheque
A.
Drawee
B.
Drawer
C.
Payer
D.
payee
Answer»
B. Drawer
263.
In the case of a cheque the drawee will always be a specified ………… with
whom the drawer keeps an account.
A.
person
B.
partner
C.
customer
D.
banker
Answer»
D. banker
264.
………… is a person to whom the amount of a cheque is payable
A.
Drawer
B.
Drawee
C.
Payee
D.
Customer
Answer»
C. Payee
265.
Which one of them are correct in the case of parties involved in a cheque ?
A.
Debtor and Creditor
B.
Banker and customer
C.
Drawer, Drawee and Payee
D.
Drawer and Payee
Answer»
C. Drawer, Drawee and Payee
266.
In which types of banking system several banks joins hands with each other for
meeting the credit requirements of the large borrower ?
A.
group banking
B.
consortium banking
C.
net banking
D.
none of these
Answer»
B. consortium banking
267.
Th e practice of conducting banking transactions from home rather than at
bank branches by means of electronic telecommunication known as------
A.
branch banking
B.
group banking
C.
chain banking
D.
home banking
Answer»
D. home banking
268.
NPA means ----
A.
Net Performing Assets
B.
Non-Performing Asset
C.
Net profit Acceptance
D.
None of these
Answer»
B. Non-Performing Asset
269.
Example for Foreign Bank is -----
A.
Centurion Bank
B.
City Bank
C.
Axis Bank
D.
All
Answer»
B. City Bank
270.
Bank of Baroda is an example for -------
A.
Private sector Bank
B.
Foreign Bank
C.
Public sector Bank
D.
None of these
Answer»
C. Public sector Bank
271.
Federal Bank is a ------
A.
Private sector Bank
B.
Foreign Bank
C.
Public sector Bank
D.
None of these
Answer»
A. Private sector Bank
272.
IBRD is also Known as -----
A.
Central Bank
B.
World Bank
C.
Exim Bank
D.
All
Answer»
B. World Bank
273.
State financial corporations is an example for --------
A.
Industrial Bank
B.
Foreign Bank
C.
Public sector Bank
D.
All
Answer»
A. Industrial Bank
274.
----- is a loan for short term temporary financing for Business firms .
A.
Term loans
B.
Bridge loans
C.
Cash credit
D.
All
Answer»
B. Bridge loans
275.
------- is a temporary financial arrangement by the bank to draw more than the
amount standing to his credit.
A.
Overdraft
B.
Bridge loans
C.
Cash credit
D.
None of these.
Answer»
A. Overdraft
276.
General relationship between banker and customer is -----
A.
contractual relation ship
B.
trustee and beneficiary
C.
Right of agent
D.
none of these
Answer»
B. trustee and beneficiary
277.
While accepting deposit,a banker becomes ------ and customer is -----
A.
Creditor and debtor
B.
Debtor and Creditor
C.
None of these .
D.
all
Answer»
B. Debtor and Creditor
278.
There is no fixed place of repayment in -------
A.
debt due from bank
B.
ordinary commercial debt
C.
special debt
D.
None of
Answer»
B. ordinary commercial debt
279.
Prime lending rate is charged by
A.
Commercial bank
B.
Merchant bank
C.
Co-operative bank
D.
Development bank
Answer»
A. Commercial bank
280.
When did the banking sector reforms initiates
A.
1996
B.
1901
C.
1991
D.
1989
Answer»
C. 1991
281.
Under which banking aims at targeting customers with large value
transaction
A.
Whole sale banking
B.
Merchant banking
C.
Retail banking
D.
Internet banking
Answer»
A. Whole sale banking
282.
On which rate method, the interest is charged on the full amount of the
loan throughout the entire period of loan
A.
Fixed rate of interest
B.
Floating rate of interest
C.
Flat rate of interest
D.
Compound rate of interest
Answer»
C. Flat rate of interest
283.
A type of loan given by one bank to another bank is……..?
A.
money at call and short notice
B.
bridge loan
C.
term loan
D.
d .none of these
Answer»
A. money at call and short notice
284.
CRR and SLR are monetary policy instruments
A.
True
B.
False
C.
none
D.
none
Answer»
A. True
285.
Globalization has increased the role of central bank.
A.
True
B.
False
C.
none
D.
none
Answer»
A. True
286.
Which one of the following statements is most appropriate regarding transaction made in
money?
A.
It is the easiest way.
B.
It is the safest way.
C.
It is the cheapest way.
D.
It promotes trade.
Answer»
A. It is the easiest way.
287.
Which one of the following is a modem form of currency?
A.
Gold
B.
Silver
C.
Copper
D.
Paper notes
Answer»
D. Paper notes
288.
Which among the following authorities issues currency notes on behalf of the government?
A.
Government of India
B.
The State Bank of India
C.
National Bank for Agriculture and Rural Development
D.
Reserve Bank of India
Answer»
D. Reserve Bank of India
289.
In which of the following systems exchange of goods is done without use of money?
A.
Credit system
B.
Barter system
C.
Banking system
D.
Collateral system
Answer»
B. Barter system
290.
Banks provide a higher rate of interest on which of the following accounts?
A.
Saving account
B.
Current account
C.
Fixed deposits for long period
D.
Fixed deposits for very short period
Answer»
C. Fixed deposits for long period
291.
Banks use the major portion of the deposits to:
A.
Keep as reserve so that people may withdraw
B.
Meet their routine expenses
C.
Extend loans
D.
Meet renovation of bank
Answer»
C. Extend loans
292.
What percentage of their deposits is kept as cash by the banks in India?
A.
25%
B.
20%
C.
15%
D.
10%
Answer»
C. 15%
293.
The informal source of credit does not include which one of the following?
A.
Traders
B.
Friends
C.
Cooperative Societies
D.
Moneylenders
Answer»
C. Cooperative Societies
294.
Which one of the following is the new way of providing loans to the mral poor?
A.
Co-operative societies
B.
Traders
C.
Relatives and friends
D.
SHGs
Answer»
D. SHGs
295.
Why is currency accepted as a medium of exchange?
A.
Because the currency is authorised by the government of the country.
B.
Because it is liked by the people who use it.
C.
Because the use of currency has its origin in ancient times.
D.
Because the currency is authorised by the World Bank.
Answer»
A. Because the currency is authorised by the government of the country.
296.
Who issues the currency notes in India?
A.
Currency notes are issued by the Finance Commission.
B.
All the nationalized banks can issue the currency notes.
C.
Only Reserve Bank of India can issue currency notes.
D.
Any individual or organization can issue cur¬rency notes with the permission of the govt.
Answer»
C. Only Reserve Bank of India can issue currency notes.
Chapter: India Regulatory Authorities
297.
CRR refer s to …………..
A.
Cash Reserve Ratio
B.
Credit Reserve Ratio
C.
Common Reserve Ratio
D.
None of these
Answer»
A. Cash Reserve Ratio
298.
SLR refers to …………..
A.
Statutory Liquidity Ratio
B.
Stability Liquidity Ratio
C.
Safety Liquidity Ratio
D.
None of these
Answer»
A. Statutory Liquidity Ratio
299.
RBI ACT was comes in to existence……
A.
1934
B.
1935
C.
1948
D.
1945
Answer»
A. 1934
300.
Banking Regulation Act was comes into existence………
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