BANKING QUESTION (&> OPNy oP Ory OPR OPY nee pee be ops Questions Paper with Multiple Choice Answers nes SET-A SABEEROR AH The Reserve Bank of India established on . April 1, 1935 B. July 12, 1982 May 26, 2006 D. September 30, 2005 ‘What is CAR? Capital Adequacy Ratio B. Cash Adequacy Ratio Capital Adequacy Risk D. None of these ‘Whose signature is found on a 1 rupee currency note in India? Deputy Governor of RBI B. Finance Secretary RBI Governor D. None of these Banking is defined under Banking Regulation Act 1947 B. 1950 1949 D. 1952 Name the micro finance company that becomes the first to start operation as a Commercial Bank? PayTm Bank B. Vodafone m-pesa bank Yes Bank D. Bandhan Bank ‘Who regulates Monetary Policy? IRDA RBI os z a 2) $ SEBI Banks provide advances in the form of Deposits Payments,SET-A 13. The rate at which RBI lends money to bank in the event of any short fall of funds for a long period. ‘A. Benchmark Prime Lending Rate B. Annual Percentage Rate C. Bank Rate D. Repo Rate 14, Saving Bank Account opened with zero balance ot very minimum balance is known as A. Current Account B. No Frill Account C. Saving Bank Ordinary Account D. Students Saving Account 15, Without which one of the following the bank cannot survive? A. Cash. B. Computers C. Customers D. Credits 16. Who sets up “Base Rate” for Banks? A. Individual Banks Board B. Interest Rate Commission of India CRB! D. None of the above 17. Which organization provides guarantee to the exporters? ‘A. EXIM Bank B. Export Credit Guarantee Corporation C. Reserve Bank of India D. Registrar of Companies 18. What happens if a crossed cheque is presented for payment? A. It cannot be paid over the counter B. It cannot be paid at all C. It can be paid over the counter D. Other than the given options 19. KYC means A. Know your capital B. Known yield capital C. Know your cash D. Know your customer 20. The essential training colleges under RBI A. NIBM B. BSC C. CAB D. Allof the above 21. What is the full form of ULIP ‘A. Unit Link insurance Policy B. Unit Linked Insurance policies C. Unit Linked Insurance Plan aoe Unit Linked Investment policies 2. A ¢) Full form of NHB is National Holding nall Industrie OPR OP oppBANKING QUESTION Questions Paper with Multiple Choice Answers SET-A (G CAREERORAPH Features of current account are There are restriction on number of times B. There were interest paid on it There were no fixed maturity D. None of the above Anything that distorts the message is Context B. Feedback Noise D. Allof the above The maximum and minimum period for which a fixed deposit can be opened 410 years(Max) and 7 days (Min) B. 5 years (Max) and 1 year (Min) 2 years (Max) and 6 months (Min) D. 7 years (Max) and 10 months (Min) The maximum and minimum period for which a recurring deposit can be opened 5 months to 50 months B. 12 months to 36 months 6 months to 120 months D. 1 month to 60 months ‘Commercial bank provides short term loans by way of Letter of credit B. Bill of exchange Cash credit D. Fixed deposits Discounting foreign bills falls under Co-operative Banking B. Exchange Banking Central Banking D. Indigenous Banking Co-operative banks in India are registered under the Act... 1911 B. 1956 1912 D. None of these Net Demand & Time Liabilities comprises of: Chequesé Drafts B. Bonds & Securities CASA deposits and FD/RD. The Sales Model used in banks generally for sling p oes fs known as the ROBOCS Model of selling 8. PROBOCS Model of selling In CIBIL, L stands for Limit—— a SET-A 38. CBS refers to ‘A. Caribbean Banking System B, Cash Banking System C. Core Defining System D. None of these 39. SWIFT states ‘A. Social Worldwide International Financial B. Society for Worldwide Interbank Financial Telecommunication Telecommunication C. Savings Work for International Fund Transfer D. None of These 40. In language of sales, the first meeting is considered as the a A. Moment of magic B. Moment of misery C. Critical moment of truth D. Elevator Pitch 41. Which among the following is an example of limited buying decision? A. Home B. Daily used products C. Star D. None of these 42. NFA refers to: A. No Frills Account B. Non-Financial Account C. Net Fixed Account D. None of these 43. The interest rate on saving account is fixed. It is calculated ON. ‘A. Monthly balance basis B. Quarterly balance basis C. Daily balance basis D. Annual balance basis Deposit accounts B. Mutual funds 44, Capital Market instruments include A C. Neither A nor B D. Both A and B 45. Which of the following is not the part of organized sector of Indian Money Market? ‘A. Chit Funds 8. Mutual Funds C. Non-Banking Financial Companies D. Reserve Bank of India 46. CRISIL rating is related with A. Creditworthiness of customer B. Lending capacity of bank C. Mutual Fund Transaction D. All of the above 47. Among the following which is not a method of non-verbal communication? A. Mailing B. Gestures C. Both A and B D. Face to face 48. What is the full form of MICR ‘A. Magnetic Ink Clearing Recognition B, Magnetic Ink Character Recognition C. Magnetic Ink Clearance Risk D. Magnetic Ink Clearance Recognition 49. Interest can be earned on FD as A. Annualized B, Quarterly c. MIs D. Allof the above 50. How many Deputy Governor are there in RBI? Ag? B44 ces D. 10 Page - 4BANKING QUESTION Questions Paper with Multiple Choice Answers SET-A «G CAREERGRAPH The span of repaying personal loan varies from minimum .. to maximum... 6 month to 60 months B, 12 months to 60 months 30 months to 90 months D. 3 months to 30 months To open a saving account you need to have Identity proof B. Address proof Minimum Balance D. All of these Current account are basically made for Business B. Company Trust D. All of these Maximum number of withdrawals per day in current account 3 B.S 10 D. No limit Health insurance is a product of Life insurance B, General Insurance Both D. None of these Which type of loan does not need income proof, Consumer loan B. Vehicle loan Home loan D. Gold loan What is the full form of EMI. Equated Monthly Interest B. Every Month Installment Easy Monthly Installment D. Equated Monthly Installment Educational Loan repayment should start On immediate completion of course B, Within one month Within one year D. Within six months to 2 years Salary Account can only be opened by Businessmen B. Individuals Government D. Employers The tenure period to repay the education loan can be extended at most 15 years B, 10 years 5 years D. 1 year LAP implies Loan against property B, Loan against profit Loan against PF D. Loan against PAN The amount of education loan on an average approved for studying in India is at most. 5 lakhs B. 10 lakhs 15 lakhs D. 20 lakhs Page - 5SET -A 63. The amount of education loan on an average approved for studying abroad is at most ‘A. 20 lakhs in Indian currency B. 20 lakhs in foreign currency C. 10 lakhs in Indian currency D. 10 lakhs in foreign currency 64, Personal loan consists A. Medical Treatment B. Marriage purpose C. Travelling D. All of the above 65. Home loan can be sanctioned for A. Constructing new home B. Renovating old home C. Extension of old home D. Allof the above 66. The required documents to have an NRI account A. Passport B. Visa Cc. Both D. None of these 67. You can have PF account at most aon Bie cs D4 68. A person or organization who pays in chequeis known as A. Drawer B. Drawee Cc. Payee D. Other than given option 69. A cheque which is payable to whoever presents it to bank is called A. Order cheque B. Bearer Cheque C. Stale cheque D. Crossed Cheque 70. In case of joint account who can withdraw the money? A. First holder B. Both, C._ Either or D. Allof the above 71. Overdraft cannot be provided on A. Current Account B. Savings Account C. Provided in any account D. Other than the given options 72. Bill discounting is a method of ‘A. Short term borrowing B. Long term borrowing C. Short term deposit D. Long term deposit 73. Letter of credit implies ‘A. Guaranteeing seller about the buyer's payment B. Guaranteeing buyer about the seller's payment Cc. Both D. Guaranteeing govt. about the legitimacy of business 74. Among the following which is not a method of written communication? A. E-mail B, Blog C. Both A and B D. Telephonic 75. Non-Banking Financial Companies can issue ‘A. Cheque B, Draft C. ATM D, Allof the above Page - 6BANKING QUESTION Questions Paper with Multiple Choice Answers TE (@ SET“ A CAREERGRAPH 76. ATM implies A. Automated Teller Machine B. Automatic Telling Machine C. Automated Telling Machine D. None of these 77. SWIFT code is required for Inter branch money transfer B._ Intra-branch money transfer CC. Domestic money transfer D. Overseas money transfer 78. IFSC code is required for A. Domestic money transfer B. Overseas money transfer C. Both D. None of these 79. In case of any illegitimate activity, customers can complain to A. DICGC B. ECGC CC. Banking Ombudsman D. Any of the above 80. In case of bank default, the customers can get back A. One lakh rupees B. His or her amount of deposit C. Whichever is least D. Zero amount 81. Regional Rural Banks consist ‘A. State government's share B. Central government's share C. Both of them D. None of them 82. Earlier State Bank of India was known as A. Bank of Hindustan B. Imperial Bank of India C. Bank of Calcutta D. None of them 83. NPA implies ‘A. No Payment Account B. No Payment Asset C. Non Performing Account D. Non-Performing Asset 24. Minimum opening balance requirement of new A/c ‘A. According to bank B. According to branch location C. Either A or B D. Both A and B 85. Minimum amount of recurring deposit A. Rs.100 B. Rs.1000 C. Rs.50 D. Rs.10 86. While depositing a check, you need to pay a service charge to clear it if it is ‘A. Outstation cheque B. Gift Cheque C. Both A and B D. Other than given options 87. Overdraft can only be issued in A. Current Account B. Savings Account €. Term Deposit Account D. Allof the above Page - 7SET-A 88. Gift cheque can be issued at most A. 5000 C. 100000 89. Gift cheque should be signed by ‘A. The person who gifts C. The manager of the bank from where the cheque is issued 90. For mutual fund transaction you must have A. Demat account. C. Either of them B. D. 10000 50000 ‘The person who is gifted A\l of them Saving account None of them ‘The maximum gainer in case of fixed deposit accounts when interest paid on a1 A. IS basis C. Annualized B. Quarterly D. All of the above 92. Foreign Banks in India perform their operations under the regulation of A. Federal Reserve B. Reserve Bank of India CC. Finance Ministry of India D. World Bank $3. Which is an example of an Industrial/ Development Banking? A. HDFC B. FCI ciel D. Both Band C 94. The saving rate of Interest is decided by A. Reserve Bank of India B. Finance Ministry of India c Securities Exchange Board of India D. None of these 95. Which organization provides guarantee to the deposit holders in case a bank becomes a defaulter A DICGC C. CAG 96. Interest earned up to ‘A. 1000 B. D. c.. 100000 D. 97. The public sector companies in Insurance sector are A. vlc B. C. Both D. 98. Education loan is disbursed to ‘A. Student’s personal account B. C. Educational institute D. 99. In the term WLATM, WL stands for A. World level 8 C. Working level D. 100. New Bank of India is merged with ‘A. Bank of India B C. Bank of Baroda ECGC RBI ... Ina financial year on Saving Account is exempted from Tax 0000 Always taxable olcL. None Either of the Parents’ account Any of the above Widely labeled White level New India Assurance Co. Ltd Punjab National Bank Page - 8