Q1. Signature on Re. 1 note is made by the Finance Secretary but on the other notes by _____?
(a) Prime Minister
(b) President of India
(c) Governor of Reserve Bank of India
(d) Finance Minister
(e) None of the above
Q2. On a cheque instead of two parallel lines only bank’s name is written. It is a _____?
(a) General crossing
(b) No crossing
(c) Payable to bearer
(d) Special crossing
(e) None of the Above
Q3. Which of the following acts as the Regulators for the Credit Rating Agencies in India?
(a) RBI
(b) SBI
(c) SIDBI
(d) SEBI
(e) ARCIL
Q4. The logo of Bank of Baroda is known as ______?
(a) Sun of Bank of Baroda
(b) Baroda Sun
(c) Bank of Baroda’s rays
(d) Sunlight of Bank of Baroda
(e) None of the above
Q5. One of the major challenges faced by the Banking Industry is Money Laundering. Name the Act/Norms launched by the banks to curb Money Laundering, in general?
(a) Know your customer norms
(b) Banking Regulation Act
(c) Negotiable Instrument Act
(d) Narcotics and Psychotropic Act
(e) None of the Above
Q6. A cheque becomes stale after _____?
(a) 2 months
(b) 3 months
(c) 6 months
(d) 12 months
(e) None of the above
Q7. Bank conducts Government business at its branches as an agent of _____?
(a) RBI
(b) SBI
(c) Government of India
(d) State Government
(e) None of the above
Q8. Foreign exchange Reserves of India are kept in the custody of ______?
(a) World Bank
(b) International Monetary Fund
(c) Prime Minister RahatKosh
(d) Reserve Bank of India
(e) None of the above
Q9. What is meant by Repo Rate?
(a) At what rate of interest banks offer the funds to Reserve Bank of India.
(b) At what rate of interest World Bank offer the funds to Central Government for not less than the period of 364 days.
(c) At what rate of interest banks borrow the funds from Reserve Bank of India for short term
(d) At what rate of interest banks borrow the funds from the other banks for long term.
(e) At what rate of interest central government barrow the funds from the other banks for long term.
Q10. At present, the Repo Rate is ____?
(a) 6.75 percent
(b) 8.25 percent
(c) 7.00 percent
(d) 6.25 percent
(e) 8.00 percent
Q11. Which of the following products launched by most of the banks help farmers in getting instant credit for various agricultural purposes?
(a) Kisan Credit Card
(b) Personal Loan
(c) Business Loan
(d) Only (a) and (b)
(e) None of the above
Q12. 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?
(a) Capital Accounts Convertibility
(b) Financial Deficit Management
(c) Minimum Support Price
(d) All of the above
(e) None of the above
Q13. A customer wishes to purchase some US dollars in India. He/she should go to?
(a) Public Debt Division of the RBI only
(b) American Express Bank only
(c) RBI or any branch of a bank which is authorized for such business
(d) Only (b) and (c)
(e) None of the above
Q14. Which of the following products of a bank is specifically designed to provide financial help to children in their higher studies in India or in a foreign nation?
(a) Personal Loan
(b) Corporate Loan
(c) Educational Loan
(d) Mortgage Loan
(e) None of the above
Q15. A Bank/Financial Organisation these days relies heavily on e-commerce for its transaction. As a part of system security, it has introduced organisation’s security awareness manual. This step of the organisation can be classified under which one of the following categories of measures for a business?
(a) Preventive Vigilance
(b) Compliance
(c) Corrective
(d) Detective
(e) None of the above
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