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banking resources

banking resources

Question 1 of 40

1

Bank reconciliation statement is prepared with the help of

Select one of the following:

  • bank pass book and cash column of cash book

  • bank pass book and bank column of cash book

  • bank pass book and petty cash book

  • bank pass only

  • all of the above

Explanation

Question 2 of 40

1

EEFC account can be opened in the form of

Select one of the following:

  • current account, SB account and TDR

  • Current account and SB account

  • Current account only

  • Current account and TDR

  • None of these

Explanation

Question 3 of 40

1

Bank may prefer to invest in corporate bonds because

Select one of the following:

  • a bond is more liquid asset

  • a bond has an easy exit

  • a bond can be sold at discount

  • all of the above

  • None of these

Explanation

Question 4 of 40

1

Which of following statements is/ are true regarding a Deferred Payment Guarantee (DPG)

Select one of the following:

  • it is a type of guarantee where no cash payment is involved

  • it is a type of guarantee which is given for the purchase of immovable property.

  • it is a type of guarantee where payment would have to be made in instalments guaranteed.

  • All of the above

  • None of these

Explanation

Question 5 of 40

1

Truncation of cheques means

Select one of the following:

  • The cheques in the paper form will be retained by the collecting banker nad he will submit only computerised image to the clearing house

  • Cheques will be scanned and the electronic image, instead of physical cheque, will be transmitted in the clearing cycle

  • The entire clearing operations would be done only through computers

  • Debting the drawer's account through internet banking

  • None of these

Explanation

Question 6 of 40

1

Not Negotiable crossing refers to

Select one of the following:

  • The cheque cannot be negotiated

  • The collecting bank should sarisfy itself as to the title of the holder before collecting the cheque

  • The cheque cannot be collected as the protection under section 131 of the Negotiable Instruments Act,1881 is not available in such cases

  • The transferee shall not have and shall not be capable of giving a better title to the cheque than that of the transferor.

  • None of these

Explanation

Question 7 of 40

1

The cheque in which the signature of the drawer of the cheque is not genuine is called

Select one of the following:

  • post-dated cheque

  • Forged cheque

  • stale cheque

  • All of the above

  • None of these

Explanation

Question 8 of 40

1

Deposites under NRE/FCNR accounts are linked to

Select one of the following:

  • Base Rate

  • SIBOR

  • Bank Rate

  • LIBOR

  • MIBID

Explanation

Question 9 of 40

1

What stage of opening a Bank account is the checking of politically Exposed Persons (PEP) carried out

Select one of the following:

  • At the first point of customer interaction

  • At the Account services level

  • At the central account services level

  • One month after the account is opened

  • At the time of first transaction

Explanation

Question 10 of 40

1

India has different categories of commercial banks. which of the following is NOT one such category

Select one of the following:

  • Private bank

  • commodity bank

  • Foreign Bank

  • Co-operative Banks

  • None of these

Explanation

Question 11 of 40

1

Bankers reduce lending risk by

Select one of the following:

  • Ensuring that there will be no default on account of lack of liquidity and lack of willingness to pay on the part of the borrower

  • Ensuring that there will be no problem of liquidity with the borrower

  • Obtaining adequate security

  • all of the above

  • None of these

Explanation

Question 12 of 40

1

Which among the following terms describe 'universal banking'

Select one of the following:

  • Branches of a bank in all geographical territories of its country

  • A bank providing services in all geographical territories of its country

  • A bank providing combination of commercial banking and investment banking

  • all of these

  • None of these

Explanation

Question 13 of 40

1

Which of the following is/are the example(s) of product diversification of bank

Select one of the following:

  • Credit card

  • International credit card

  • Debit card

  • all of the above

  • None of these

Explanation

Question 14 of 40

1

Which of the following categories of risk is/ are taken care of by RTGS

Select one of the following:

  • Systemic Risk and Credit Risk

  • Market Risk

  • Settlement Risk and Systemic Risk

  • systemic risk nad legal risk

  • None of These

Explanation

Question 15 of 40

1

If bank wants to introduce a new deposit scheme, the same is now approved by

Select one of the following:

  • RBI

  • Union Government

  • The board of the bank

  • both 'a and c'

  • None of these

Explanation

Question 16 of 40

1

what is the full form of the term LIBOR as used in financial banking sector?

Select one of the following:

  • London Inter-Bank Offered Rate

  • Liberal International Bank Official Ratio

  • London India Bureau of Regulations

  • Local India Bank Offered Rate

  • None of these

Explanation

Question 17 of 40

1

Which of the following loan products are 'teaser loans' offered by banks

Select one of the following:

  • Education loans

  • Commercial loans

  • Gold loans

  • Retail trade loans

  • Home loans

Explanation

Question 18 of 40

1

which of the following is a foreign bank having branches in india

Select one of the following:

  • HDFC bank

  • icici bank

  • yes bank

  • standard chartered bank

  • syndicate bank

Explanation

Question 19 of 40

1

which of the following statement is true about bank

Select one of the following:

  • bank cannot accept demand and time deposit from public

  • bank can accept only demand deposit from public

  • banks can accept only time deposit from public

  • banks can accept both demand and time deposit from public

  • banks can accept demand and time deposit from Government only

Explanation

Question 20 of 40

1

interest rate payable on saving bank account is

Select one of the following:

  • regulated by RBI

  • regulated by State Government

  • not regulated by RBI

  • regulated by Finance Ministry

Explanation

Question 21 of 40

1

Accounts are allowed to operated by Cheques in respect of

Select one of the following:

  • Both Saving Accounts and Fixed Deposit accounts

  • Saving Account and Current Accounts

  • Both saving and Loan Accounts

  • Both savings bank accounts and cash accounts only

  • Both current account and fixed deposit accounts

Explanation

Question 22 of 40

1

The usual deposit accounts of banks are

Select one of the following:

  • Current Accounts, Insurance Premium Accounts and Electricity Accounts

  • Current Accounts, Post Office Savings accounts and Term deposit accounts

  • Loan accounts, Term deposit accounts and Saving accounts

  • Term Deposit accounts, Current accounts and Saving account

  • Current bill accounts and term deposit account

Explanation

Question 23 of 40

1

when a bank returns a cheque unpaid, it is called

Select one of the following:

  • payment of cheque

  • Dishonor of cheque

  • cancelling of cheque

  • Drawing of cheque

  • None of these

Explanation

Question 24 of 40

1

Which of the following term is used in the field of banking and finance

Select one of the following:

  • Investment

  • Genetics

  • Resistance

  • Metabolic Reaction

  • None of These

Explanation

Question 25 of 40

1

The Public Sector Banks are banks where a majority state is held by the Government. Which of the following banks is the second largest Public Sector Banks among the 236 PSBs in India in terms of Profit

Select one of the following:

  • Bank of India

  • Punjab National Bank

  • Bank of Baroda

  • Central Bank of India

  • Canara Bank

Explanation

Question 26 of 40

1

Consider the following statements with respect to IFSC code used in Banking System.
A) IFSC stands for Indian Financial System Code
B) It is an 11 digit alphanumeric Unique Code
C) IFSC is used in the NEFT system to route the messages to the destination banks/branches.

Select one of the following:

  • Only A

  • Only B

  • Only C

  • All A, B, and C

Explanation

Question 27 of 40

1

Consider the following with respect to the term 'Core Inflation'.
A) Core Inflation is the inflation rate of a particular basket of commodities
B) Core Inflation is the sudden increase in prices of certain items of food grains
C) Core Inflation is caused by supply shock in certain esential commodities

Select one of the following:

  • Only A

  • Only B

  • Only C

  • Only A and B

  • None of these

Explanation

Question 28 of 40

1

What are 'Open Market Operations'.

Select one of the following:

  • Activities of SEBI-registerd brokers

  • Selling of currency by the RBI

  • Selling of gilt-edged securities by the governmet

  • Sale of share by FIIs

  • None of these

Explanation

Question 29 of 40

1

Certificate of Deposits have a minimum value of

Select one of the following:

  • Rs. 1 lakh

  • Rs. 10 lakh

  • Rs. 25 lakh

  • Rs. 50 lakh

  • Rs. 1 core

Explanation

Question 30 of 40

1

Which among the following does not decided by the RBI

Select one of the following:

  • CAR

  • CRR

  • Base Rate

  • Bank Rate

  • Repo Rate

Explanation

Question 31 of 40

1

An increase in Cash Reserve Ratio (CRR)by Reserve Bank of India leads to

Select one of the following:

  • Decrease in Deposit

  • Increase in Deposit

  • Decrease in lendable resources

  • Increase in lendable resources

  • None of these

Explanation

Question 32 of 40

1

What is meant by development oriented banking

Select one of the following:

  • Infrastructure Financing

  • Taking up task of development of the economy by providing support to under privileged sections of the society

  • Extending loans to states which are underdeveloped

  • All of the above

  • None of these

Explanation

Question 33 of 40

1

What is the principal function of SIDBI

Select one of the following:

  • Finance of SSI

  • Promote of SSI

  • Development of SSI

  • All of the above

  • None of these

Explanation

Question 34 of 40

1

Which of the folowing is provided by the Reserve Bank of India for meeting day to day receipt and expenditure mismatch to both central and state Governments

Select one of the following:

  • Treasury Bills

  • Date and securities

  • ways and means advance

  • all of the above

  • None of these

Explanation

Question 35 of 40

1

Which of the following is classified as Public Sector Banks

Select one of the following:

  • ICICI Bank

  • Yes Bank

  • IDBI Bank

  • Local area Banks

  • None of these

Explanation

Question 36 of 40

1

Reserve Bank of India known as lender of last resort because

Select one of the following:

  • It has to meet the credit need of citizens to whom no one els is willing to lend

  • It comes to help bank in times of crisis

  • Banks lend to go to RBI as a last resort

  • All of the above

  • None of these

Explanation

Question 37 of 40

1

The availability of cash and other cash like marketable instruments that are useful in purchases and investments are commonly known as

Select one of the following:

  • Cash crunch

  • Credit

  • Liquidity

  • Marketability

  • None of these

Explanation

Question 38 of 40

1

The banker-customer relationship in credit card payment is

Select one of the following:

  • Agent-Principal

  • principal-agent

  • Creditor-Debtor

  • Debtor-Creditor

  • None of these

Explanation

Question 39 of 40

1

which of the following committee is set up for giving clear definitions to FDI and FII with an aim to remove ambiguity over the two types of Foreign Investments.

Select one of the following:

  • Gopinath Committee

  • Arvind Mayaram Committee

  • Subir Gokran Committee

  • Sushma Nath Committee

Explanation

Question 40 of 40

1

Loans of very small amount given to low income group is called

Select one of the following:

  • cash credit

  • No Frill credit

  • Rural Credit

  • Micro Credit

  • Simple Overdraft

Explanation

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