C. the Banking Regulation Act, 1949 D

Question 1 Commercial Paper is an unsecured money market instrument. It was introduced in India in 1990 with a view to enabling highly rated corporate borrowers to diversify their sources of short-term borrowings. It should be issued in the form of –

1) Letter of Credit 2) Bill of Exchange 3) Promissory Note 4) Certificate of Deposit 5) None of these Answer Commercial Paper is an unsecured money market instrument. It was introduced in India in 1990 with a view to enabling highly rated corporate borrowers to diversify their sources of short-term borrowings. It should be issued in the form of –

1) Letter of Credit 2) Bill of Exchange 3) Promissory Note 4) Certificate of Deposit 5) None of these Question 2 The EEE status is generally enjoyed by long-term investment vehicles, such as Public Provident Fund and Employees Provident Fund. The term EEE means

1) Extra Equity Exemption 2) Exempt Equity Exchange 3) Exempt, Expand, Exchange 4) Equity Evaluation Exchange 5) Exempt, Exempt, Exempt Answer The EEE status is generally enjoyed by long-term investment vehicles, such as Public Provident Fund and Employees Provident Fund. The term EEE means

1) Extra Equity Exemption 2) Exempt Equity Exchange 3) Exempt, Expand, Exchange 4) Equity Evaluation Exchange 5) Exempt, Exempt, Exempt Question 3 CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) has been set up on the recommendations of

1) Narasimham Committee 2) Chore Committee 3) Kapoor Committee 4) A Ghosh Committee 5) Karve Committee Answer CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) has been set up on the recommendations of

1) Narasimham Committee 2) Chore Committee 3) Kapoor Committee 4) A Ghosh Committee 5) Karve Committee Question 4 Which of the following banks is the first bank in India to launch its interactive banking service through DishTV?

1) Axis Bank 2) HDFC Bank 3) ICICI Bank 4) SBI 5) Indian Bank Answer Which of the following banks is the first bank in India to launch its interactive banking service through DishTV?

1) Axis Bank 2) HDFC Bank 3) ICICI Bank 4) SBI 5) Indian Bank Question 5 Expand the term BIPPA.

1) Bilateral Investment Protection and Preference Agreement 2) Bilateral Investment Provisioning and Promotion Agreement 3) Bilateral Investment Protection and Promotion Agreement 4) Bilateral Investment Protection and Provisioning Agreement 5) None of these Answer Expand the term BIPPA.

1) Provision of adequate credit for agriculture, SME and exports 2) Removal of control by a few capitalists 3) Provision of credit to big industries only 4) Access of banking to masses 5) Encouragement of a new class of entrepreneurs Answer Nationalization of banks aimed at all of the following except ______.

1) Provision of adequate credit for agriculture, SME and exports 2) Removal of control by a few capitalists 3) Provision of credit to big industries only 4) Access of banking to masses 5) Encouragement of a new class of entrepreneurs Question 7 For repayment of loan availed from Banks NBFC we come across a term known as EMI What does it stand for?

1) Equated Money Index 2) Easy Money Installment 3) Equated Monthly Installment 4) Equal Monthly Installment 5) Equal Minimum Installment Answer For repayment of loan availed from Banks NBFC we come across a term known as EMI What does it stand for?

1) Equated Money Index 2) Easy Money Installment 3) Equated Monthly Installment 4) Equal Monthly Installment 5) Equal Minimum Installment Question 8 Many a times we read in the news paper about CASA deposits of banks. CASA deposits are.

1) Demand deposits 2) Term deposits 3) Hybrid deposits 4) Recurring deposits 5) Special schemes of banks Answer Many a times we read in the news paper about CASA deposits of banks. CASA deposits are.

1) Demand deposits 2) Term deposits 3) Hybrid deposits 4) Recurring deposits 5) Special schemes of banks Question 9 While investing in mutual funds we come across a term called NAV. What is the meaning of NAV?

1) Net Annual Value 2) Non Asset Value 3) Net Actual Value 4) Net Asset Value 5) Net Average Value Answer While investing in mutual funds we come across a term called NAV. What is the meaning of NAV?

1) Net Annual Value 2) Non Asset Value 3) Net Actual Value 4) Net Asset Value 5) Net Average Value Question 10 Depreciation of an asset occurs due to.

1) Fire in the unit 2) Theft 3) Labour Trouble 4) Wear and tear 5) None of these Answer Depreciation of an asset occurs due to.

1) Fire in the unit 2) Theft 3) Labour Trouble 4) Wear and tear 5) None of these Question 11 An ECS transaction gets bounced and you are unable to recover your money from your customer. Under which Act criminal action can be initiated?

1) Negotiable Instrument Act 1881 2) Criminal Procedure Code 3) Payment and Settlement Systems Act 2007 4) Indian Companies Act 1956 5) Banking Regulation Act 1949 Answer An ECS transaction gets bounced and you are unable to recover your money from your customer. Under which Act criminal action can be initiated?

1) Negotiable Instrument Act 1881 2) Criminal Procedure Code 3) Payment and Settlement Systems Act 2007 4) Indian Companies Act 1956 5) Banking Regulation Act 1949 Question 12 What is the full form of ‘FSDC’ which is used in financial sectors?

1) Financial Security and Development Council 2) Financial Stability and Development Council 3) Fiscal Security and Development Council 4) Fiscal Stability and Development Council Answer What is the full form of ‘FSDC’ which is used in financial sectors?

1) Financial Security and Development Council 2) Financial Stability and Development Council 3) Fiscal Security and Development Council 4) Fiscal Stability and Development Council Question 13 Deposits under Foreign Currency Non-Resident(FCNR) scheme can be accepted for a minimum of ______

1) 15 days 2) 3 months 3) 6 months 4) 1 year 5) 7 days Answer Deposits under Foreign Currency Non-Resident(FCNR) scheme can be accepted for a minimum of ______

1) 15 days 2) 3 months 3) 6 months 4) 1 year 5) 7 days Question 14 With which article of the Indian Constitution is Money Bill related?

1) Article 110 2) Article 109 3) Article 108 4) Article 107 5) None of the Above Answer With which article of the Indian Constitution is Money Bill related?

1) Article 110 2) Article 109 3) Article 108 4) Article 107 5) None of the Above Question 15 The agency which is tasked with collecting analysing and disseminating information related to dubious financial transactions is ______

1) Financial Intelligence Unit(FIU) 2) Financial Action Task Force(FATF) 3) Central Economic Intelligence Bureau(CEIB) 4) Central Intelligence Bureau(CIB) 5) Financial Stability Board(FSB) Answer The agency which is tasked with collecting analysing and disseminating information related to dubious financial transactions is ______

1) Financial Intelligence Unit(FIU) 2) Financial Action Task Force(FATF) 3) Central Economic Intelligence Bureau(CEIB) 4) Central Intelligence Bureau(CIB) 5) Financial Stability Board(FSB) Question 16 DBS Bank has been headquartered in ______

A. United Kingdom B. Spain C. Singapore D. South Africa E. US Answer DBS Bank has been headquartered in ______

A. United Kingdom B. Spain C. Singapore D. South Africa E. US Question 17 Authorised capital of National Payments Corporation of India (NPCI) is ______and paid up capital is ______

A. Rs 300 crore and Rs 100 crore B. Rs 350 crore and Rs 50 crore C. Rs 200 crore and Rs 100 crore D. Rs 100 crore and Rs 50 crore E. Rs 500 crore and Rs 100 crore Answer Authorised capital of National Payments Corporation of India (NPCI) is ______and paid up capital is ______

A. Rs 300 crore and Rs 100 crore B. Rs 350 crore and Rs 50 crore C. Rs 200 crore and Rs 100 crore D. Rs 100 crore and Rs 50 crore E. Rs 500 crore and Rs 100 crore Question 18 Minimum amount that can be invested in Kisan Vikas Patra(KVP) Certificate is ______

A. Rs.100 B. Rs.200 C. Rs.500 D. Rs.1000 E. Rs. 5000 Answer Minimum amount that can be invested in Kisan Vikas Patra(KVP) Certificate is ______

A. Rs.100 B. Rs.200 C. Rs.500 D. Rs.1000 E. Rs. 5000 Question 19 National Housing Bank(NHB) was set up under ______

A. National Housing Bank Act, 1987 B. National Housing Bank Act, 1977 C. National Housing Bank Act, 1967 D. National Housing Bank Act, 1957 E. None of the Above Answer National Housing Bank(NHB) was set up under ______

A. National Housing Bank Act, 1987 B. National Housing Bank Act, 1977 C. National Housing Bank Act, 1967 D. National Housing Bank Act, 1957 E. None of the Above Question 20 A Credit Bureau is governed by ______

A. Securities and Exchange Board of India Act, 1992 B. Reserve Bank of India Act, 1934 C. Banking Regulation Act, 1949 D. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 E. Credit Information Companies (Regulation) Act of 2005 Answer A Credit Bureau is governed by ______

A. Empowering Banks B. Empowering Women C. Empowering India D. Empowering you E. None of the Above Answer Which of the following is the slogan of CIBIL?

A. Empowering Banks B. Empowering Women C. Empowering India D. Empowering you E. None of the Above Question 22 Which is a full service credit rating agency exclusively set up for micro, small and medium enterprises?

A. CRISIL B. ICRA C. CARE D. ONICRA E. SMERA Answer Which is a full service credit rating agency exclusively set up for micro, small and medium enterprises?

A. CRISIL B. ICRA C. CARE D. ONICRA E. SMERA Question 23 Headquarter of Agriculture of Finance Corporation(AFC) is situated at______

A. Mumbai B. New Delhi C. Noida D. Gurugram E. Hyderabad Answer Headquarter of Agriculture of Finance Corporation(AFC) is situated at______

A. Mumbai B. New Delhi C. Noida D. Gurugram E. Hyderabad Question 24 The Definition of ‘Banking’ is given in ______

A. Negotiable Instrument Act, 1881 B. RBI Act, 1934 C. The Banking Regulation Act, 1949 D. Indian Contract Act, 1872 E. Banking Companies Act - 1957 Answer The Definition of ‘Banking’ is given in ______

A. Negotiable Instrument Act, 1881 B. RBI Act, 1934 C. The Banking Regulation Act, 1949 D. Indian Contract Act, 1872 E. Banking Companies Act - 1957 Question 25 ______is the process by which the ownership of the credit instrument is transferred from one person to another.

A. Assignment B. Endorsement C. Negotiation D. Transfer E. None of the Above Answer ______is the process by which the ownership of the credit instrument is transferred from one person to another.

A. Assignment B. Endorsement C. Negotiation D. Transfer E. None of the Above Question 26 Which one of the following is a Credit Card Association?

1) India Card 2) Master Card 3) SBI Cards 4) City Bank Cards 5) BOB Card Answer Which one of the following is a Credit Card Association?

1) India Card 2) Master Card 3) SBI Cards 4) City Bank Cards 5) BOB Card Question 27 Name the head of committee on Digital Payments constituted by the Ministry of Finance, Department of Economic Affairs to review the payment systems in the country?

A) N.S. Viswanathan B) Ratan P. Watal C) Sudarshan Sen D) Chandrababu Naidu E) Rangarajan Committee Answer Name the head of committee on Digital Payments constituted by the Ministry of Finance, Department of Economic Affairs to review the payment systems in the country?

A) N.S. Viswanathan B) Ratan P. Watal C) Sudarshan Sen D) Chandrababu Naidu E) Rangarajan Committee Question 28 PhonePe, a Flipkart Group company, with which of the following banks launched India’s first UPI (Unified Payments Interface) based mobile payments app?

A) Yes Bank B) ICICI Bank C) Bank of Baroda D) United Bank of India E) Axis Bank Answer PhonePe, a Flipkart Group company, with which of the following banks launched India’s first UPI (Unified Payments Interface) based mobile payments app?

A) Yes Bank B) ICICI Bank C) Bank of Baroda D) United Bank of India E) Axis Bank Question 29 Where is the headquarters of European Investment Bank situated?

A) Romania B) Netherlands C) Slovenia D) Luxembourg E) London Answer Where is the headquarters of European Investment Bank situated?

A) Romania B) Netherlands C) Slovenia D) Luxembourg E) London Question 30 What is the risk called when one bank makes the decision about how much risk to take, while someone else (like government) bears the costs if things go badly?

A) Systematic risk B) Moral Hazard C) Equity risk D) Market risk E) Responsibility Risk Answer What is the risk called when one bank makes the decision about how much risk to take, while someone else (like government) bears the costs if things go badly?

A) Systematic risk B) Moral Hazard C) Equity risk D) Market risk E) Responsibility Risk Question 31 When a bank chooses the wrong strategy or follow a long- term business strategy which might lead to its failure, it is called

A) Credit risk B) Business risk C) Operational risk D) Market risk E) Liquidity risk Answer When a bank chooses the wrong strategy or follow a long- term business strategy which might lead to its failure, it is called

A) Credit risk B) Business risk C) Operational risk D) Market risk E) Liquidity risk Question 32 In 2016 ING Vysya Bank was merged with which bank?

A) Axis Bank B) ICICI Bank C) Kotak Mahindra Bank D) HDFC Bank E) Indusind Bank Answer In 2016 ING Vysya Bank was merged with which bank?

A) Axis Bank B) ICICI Bank C) Kotak Mahindra Bank D) HDFC Bank E) Indusind Bank Question 33 New Bank of India was merged with Punjab National Bank in which year?

A) 1990 B) 1992 C) 1993 D) 1995 E) 1998 Answer New Bank of India was merged with Punjab National Bank in which year?

A) 1990 B) 1992 C) 1993 D) 1995 E) 1998 Question 34 What does M stands for in EMV Chips?

A) Maestro Card B) Master Card C) Money D) Monetary E) Magnetic Answer What does M stands for in EMV Chips?

A) Maestro Card B) Master Card C) Money D) Monetary E) Magnetic Question 35 RBI has the right to transact Central Government business in India as per which section of RBI Act, 1934?

A) 20 B) 21 C) 22 D) 23 E) 24 Answer RBI has the right to transact Central Government business in India as per which section of RBI Act, 1934?

A) 20 B) 21 C) 22 D) 23 E) 24 Question 36 Which of the following system has been designed by NPCI for Direct Benefit Transfer (DBT) system?

A) UPI B) BBPS C) IMPS D) ABPS E) AEPS Answer Which of the following system has been designed by NPCI for Direct Benefit Transfer (DBT) system?

A) UPI B) BBPS C) IMPS D) ABPS E) AEPS Question 37 NPCI has how many core promoter banks?

A) 8 B) 9 C) 10 D) 12 E) 13 Answer NPCI has how many core promoter banks?

A) 8 B) 9 C) 10 D) 12 E) 13 Question 38 The area of operation of a Local Area Bank is restricted to a maximum of ______geographically contiguous districts.

A) two B) three C) four D) Five E) Six Answer The area of operation of a Local Area Bank is restricted to a maximum of ______geographically contiguous districts.

A) two B) three C) four D) Five E) Six Question 39 During demonetization period, RBI instructed banks to provide at least ___ percent of cash to rural area (Demonetization of 2016)?

A) 20% B) 25% C) 30% D) 40% E) 50% Answer During demonetization period, RBI instructed banks to provide at least ___ percent of cash to rural area (Demonetization of 2016)?

A) 20% B) 25% C) 30% D) 40% E) 50% Question 40 Which of the following bank is the sponsor bank of Kashi Gomti Samyut Gramin Bank?

A) Union Bank of India B) State Bank of India C) Syndicate Bank D) Punjab National Bank E) SBI Answer Which of the following bank is the sponsor bank of Kashi Gomti Samyut Gramin Bank?

A) Union Bank of India B) State Bank of India C) Syndicate Bank D) Punjab National Bank E) SBI