Question 1

Pan Card is issued under which section of the

Income Tax Act?

1. 118B
2. 126C
3. 143G
4. 139A
5. 140A
 Answer

Pan Card is issued under which section of the

Income Tax Act?

1. 118B
2. 126C
3. 143G
4. 139A
5. 140A
 Question 2

National Payments Corporation of India (NPCI) is

an initiative of Reserve Bank of India (RBI) and
Indian Banks’ Association (IBA) under the
provisions of?

1. Companies Act, 2013

2. Companies Act, 1956
3. Banking Regulation Act, 1949
4. Payment and Settlement Systems Act, 2007
5. RBI Act 1934
 Answer

National Payments Corporation of India (NPCI) is an initiative of

Reserve Bank of India (RBI) and Indian Banks’ Association (IBA)
under the provisions of?

1. Companies Act, 2013

2. Companies Act, 1956
3. Banking Regulation Act, 1949
4. Payment and Settlement Systems Act, 2007
5. RBI Act 1934
 Question 3

Credit Guarantee Fund Trust for Micro and Small Enterprises

(CGTMSE) was set up by Government of India and which of the
following bank?

1. RBI
2. NABARD
3. SIDBI
4. MUDRA
5. Export Credit Guarantee Corporation
 Answer

Credit Guarantee Fund Trust for Micro and Small Enterprises

(CGTMSE) was set up by Government of India and which of the
following bank?

1. RBI
2. NABARD
3. SIDBI
4. MUDRA
5. Export Credit Guarantee Corporation
 Question 4

MICR (Magnetic Ink Character Recognition) is unique code mainly

used for processing and clearing of cheques and documents, the
last three digits of the code represents_______

1. Bank Code
2. Bank Branch Code
3. City Code
4. Country Code
5. Location Code
 Answer

MICR (Magnetic Ink Character Recognition) is unique code mainly

used for processing and clearing of cheques and documents, the
last three digits of the code represents_______

1. Bank Code
2. Bank Branch Code
3. City Code
4. Country Code
5. Location Code
 Question 5

An account which is held by the third party is known as __________

1. Nostro Account
2. Vostro Account
3. Escrow Account
4. Recurring Account
5. EEFC Account
 Answer

An account which is held by the third party is known as __________

1. Nostro Account
2. Vostro Account
3. Escrow Account
4. Recurring Account
5. EEFC Account
 Question 6

Which is the other Indian bank apart from Punjab National Bank to
be started entirely with Indian Capital but didn’t survive?

1. Imperial Bank
2. Oudh Bank
3. Bhartiya Bank
4. Bank of Hindustan
5. Bank of Upper India
 Answer

Which is the other Indian bank apart from Punjab National Bank to
be started entirely with Indian Capital but didn’t survive?

1. Imperial Bank
2. Oudh Bank
3. Bhartiya Bank
4. Bank of Hindustan
5. Bank of Upper India
 Question 7

World’s first Bitcoin ATM located in-

1. USA
2. Chilli
3. Iceland
4. Canada
5. China
 Question 7

World’s first Bitcoin ATM located in-

1. USA
2. Chilli
3. Iceland
4. Canada
5. China
 Question 8

Which of the following instruments is not a Negotiable Instrument,

as per NI Act, 1881?

1. Bills of Exchange
2. Letter of credit
3. Bank Draft
4. Promissory Notes
5. Cheque
 Answer

Which of the following instruments is not a Negotiable Instrument,

as per NI Act, 1881?

1. Bills of Exchange
2. Letter of credit
3. Bank Draft
4. Promissory Notes
5. Cheque
 Question 9

A Public Provident Fund (PPF) account holder can deposit a

maximum of ________.

1. 1.5 Lakhs
2. 2.5 Lakhs
3. 1.0 Lakh
4. 3.5 Lakhs
5. 2.0 Lakhs
 Answer

A Public Provident Fund (PPF) account holder can deposit a

maximum of ________.

1. 1.5 Lakhs
2. 2.5 Lakhs
3. 1.0 Lakh
4. 3.5 Lakhs
5. 2.0 Lakhs
 Question 10

Foreign currency which has a tendency of quick migration is called

1. cold currency
2. hot currency
3. liquid currency
4. Hard Currency
5. Artificial Currency
 Answer

Foreign currency which has a tendency of quick migration is called

1. cold currency
2. hot currency
3. liquid currency
4. Hard Currency
5. Artificial Currency
 Question 11

Where is Joint India-IMF Training Programme (ITP) centre situated?

1. Pune
2. Vadodara
3. Bhopal
4. Kolkata
5. Mumbai
 Answer

Where is Joint India-IMF Training Programme (ITP) centre situated?

1. Pune
2. Vadodara
3. Bhopal
4. Kolkata
5. Mumbai
 Question 12

What is the metric that measures whether or not a firm has enough
resources to meet its short-term obligations known as?

1. Acid test ratio

2. Current ratio
3. Overtrading
4. Financial accounting
5. Debt Ratio
 Answer

What is the metric that measures whether or not a firm has enough
resources to meet its short-term obligations known as?

1. Acid test ratio

2. Current ratio
3. Overtrading
4. Financial accounting
5. Debt Ratio
 Question 13

The term CDR in Banking terms refers to _____

1. Company Debt Ratio

2. Corporate Dividend Rate
3. Corporate Debt Restructuring
4. Corporate Debt Rollover
5. Company Debentures Ratio
 Answer

The term CDR in Banking terms refers to _____

1. Company Debt Ratio

2. Corporate Dividend Rate
3. Corporate Debt Restructuring
4. Corporate Debt Rollover
5. Company Debentures Ratio
 Question 14

Which International Financial Institution is referred to as ‘soft loan

window’?

1. IMF
2. ADB
3. Federal Reserve
4. IDA
5. IFC
 Answer

Which International Financial Institution is referred to as ‘soft loan

window’?

1. IMF
2. ADB
3. Federal Reserve
4. IDA
5. IFC
 Question 15

What is the maximum loan amount to individuals against physical

security shares?

1. 10 lakhs
2. 1 lakhs
3. 20 lakhs
4. 15 lakhs
5. 30 lakh
 Answer

What is the maximum loan amount to individuals against physical

security shares?

1. 10 lakhs
2. 1 lakhs
3. 20 lakhs
4. 15 lakhs
5. 30 lakh
 Question 16

In India, the Chit funds are governed/regulated by

______________.

1. RBI
2. Central Government
3. State Governments
4. Local Bodies
5. SEBI
 Answer

In India, the Chit funds are governed/regulated by

______________.

1. RBI
2. Central Government
3. State Governments
4. Local Bodies
5. SEBI
 Question 17

On the reverse view of which of the following INR notes can the
view of Himalayas be seen:

1. 100
2. 50
3. 200
4. 2000
5. 10
 Answer

On the reverse view of which of the following INR notes can the
view of Himalayas be seen:

1. 100
2. 50
3. 200
4. 2000
5. 10
 Question 18

Which is a common QR code which has been developed by the

Indian government for the ease of payments?

1. BBPS QR
2. UPI QR
3. Bharat QR
4. NPCI QR
5. GOI QR
 Answer

Which is a common QR code which has been developed by the

Indian government for the ease of payments?

1. BBPS QR
2. UPI QR
3. Bharat QR
4. NPCI QR
5. GOI QR
 Question 19

Core Banking Solutions was launched on the recommendations of

which of the following committees?

1. Rangarajan Committee
2. Usha Thorat Committee
3. M. Shastry Committee
4. Narasimham Working Group
5. P J Nayak Committee
 Answer

Core Banking Solutions was launched on the recommendations of

which of the following committees?

1. Rangarajan Committee
2. Usha Thorat Committee
3. M. Shastry Committee
4. Narasimham Working Group
5. P J Nayak Committee
 Question 20

If a bank is unable to refund the short term deposits as funds are

locked in long term loans then it is known as _______

1. Credit Risk
2. Market Risk
3. Liquidity Risk
4. Operational Risk
5. Interest Rate Risk
 Answer

If a bank is unable to refund the short term deposits as funds are

locked in long term loans then it is known as _______

1. Credit Risk
2. Market Risk
3. Liquidity Risk
4. Operational Risk
5. Interest Rate Risk
 Question 21

RBI has launched new restructuring tool ‘S4A’ to raise banks’ moral
hazard risk. S4A stands for _______?

1. Scheme for Systematic Structuring of Stressed Assets

2. Scheme for Sustainable Structuring of Stressed Assets
3. Scheme for Sustainable Structuring of Scholastic Assets
4. Scheme for Sustainable Strength of Stressed Assets
5. Scheme for sustainable System of Security Assests
 Answer

RBI has launched new restructuring tool ‘S4A’ to raise banks’ moral
hazard risk. S4A stands for _______?

1. Scheme for Systematic Structuring of Stressed Assets

2. Scheme for Sustainable Structuring of Stressed Assets
3. Scheme for Sustainable Structuring of Scholastic Assets
4. Scheme for Sustainable Strength of Stressed Assets
5. Scheme for sustainable System of Security Assests
 Question 22

In order to bring transparency and accountability in deciding India’s

monetary policy, a Monetary Policy Committee was created in the
year _____.

1. 2012
2. 2018
3. 2010
4. 2016
5. 2014
 Answer

In order to bring transparency and accountability in deciding India’s

monetary policy, a Monetary Policy Committee was created in the
year _____.

1. 2012
2. 2018
3. 2010
4. 2016
5. 2014
 Question 23

Which section of Negotiable Instruments Act, 1881 deals with the

Cheque?

1. Section 4
2. Section 5
3. Section 6
4. Section 10
5. Section 7
 Answer

Which section of Negotiable Instruments Act, 1881 deals with the

Cheque?

1. Section 4
2. Section 5
3. Section 6
4. Section 10
5. Section 7
 Question 24

Kelkar Committee gave recommendations on ___________.

1. Tax Structure Reforms

2. Unlisting in Share market
3. Broad Frame work of Insurance Sector
4. Company Law Reforms
5. Interest Rate reforms
 Answer

Kelkar Committee gave recommendations on ___________.

1. Tax Structure Reforms

2. Unlisting in Share market
3. Broad Frame work of Insurance Sector
4. Company Law Reforms
5. Interest Rate reforms
 Question 25

A NBFC is prohibited to offer or undertake _____ ?

(a) accept demand deposits

(b) accept time deposits
(c) Lend long term loans
(d) Pay a higher rate of interest on deposits as compared to Banks
(e) None of the Above
 Answer

A NBFC is prohibited to offer or undertake _____ ?

(a) accept demand deposits

(b) accept time deposits
(c) Lend long term loans
(d) Pay a higher rate of interest on deposits as compared to Banks
(e) None of the Above
 Question 26

In the case of a demand draft

(1) Drawer, drawee and payee are the same

(2) Drawer, drawee and payee are different
(3) Drawer and drawee are the same but he payee is different
(4) Drawer and payee are the same but the drawee is different
(5) none of the above
 Answer

In the case of a demand draft

(1) Drawer, drawee and payee are the same

(2) Drawer, drawee and payee are different
(3) Drawer and drawee are the same but he payee is different
(4) Drawer and payee are the same but the drawee is different
(5) none of the above
 Question 27

Which among the following banks has launched the “Quick App” to
manage ATM cards through mobile phones?

1. BOI
2. SBI
3. Indian Bank
4. Bank of Baroda
5. ICICI Bank
 Answer

Which among the following banks has launched the “Quick App” to
manage ATM cards through mobile phones?

1. BOI
2. SBI
3. Indian Bank
4. Bank of Baroda
5. ICICI Bank
 Question 28

Which is the first Indian bank to get ISO?

a) Canara Bank
b) Punjab National Bank
c) State Bank of India
d) Central Bank of India
e) Allahabad Bank
 Answer

Which is the first Indian bank to get ISO?

a) Canara Bank
b) Punjab National Bank
c) State Bank of India
d) Central Bank of India
e) Allahabad Bank
 Question 29

Which is the first bank to introduce mutual fund?

a) Bank of Baroda
b) ICICI Bank
c) Punjab National Bank
d) State Bank of India
e) Axis Bank
 Answer

Which is the first bank to introduce mutual fund?

a) Bank of Baroda
b) ICICI Bank
c) Punjab National Bank
d) State Bank of India
e) Axis Bank
 Question 30

What is the full form of FCCB?

a) Foreign Currency Convertible Bond

b) Foreign Currency Convertible Bank
c) Foreign Currency Convertible Board
d) Foreign Convertible Currency Board
e) Foreign Country Currency Board
 Answer

What is the full form of FCCB?

a) Foreign Currency Convertible Bond

b) Foreign Currency Convertible Bank
c) Foreign Currency Convertible Board
d) Foreign Convertible Currency Board
e) Foreign Country Currency Board
 Question 31

Which among the following is correct?

(a) Money market provides long term source of finance

(b) Recession in the industrial sector in India is normally due to a fall
in exports
(c) Ways and means advances given by RBI
(d) Exchange rate is fixed by RBI
(e) None of these
 Answer

Which among the following is correct?

(a) Money market provides long term source of finance

(b) Recession in the industrial sector in India is normally due to a fall
in exports
(c) Ways and means advances given by RBI
(d) Exchange rate is fixed by RBI
(e) None of these
 Question 32

In TRIPS, what does ‘I’ stand for?

(a) Intellectual
(b) Information
(c) Indian
(d) Infra
(e) None of these
 Answer

In TRIPS, what does ‘I’ stand for?

(a) Intellectual
(b) Information
(c) Indian
(d) Infra
(e) None of these
 Question 33

Cheque and demand draft are valid for a period of ____________ ?

A. 3 months
B. 4 month
C. 5 month
D. 6 month
E. No such limit
 Answer

Cheque and demand draft are valid for a period of ____________ ?

A. 3 months
B. 4 month
C. 5 month
D. 6 month
E. No such limit
 Question 34

Name the account which is maintained in foreign currency with an

Authorised Dealer i.e. a bank dealing in foreign exchange by
business persons in India who require foreign exchange on regular
basis?

A. Exchange Earners' Foreign Currency Account (EEFC)

B. Foreign Currency Non resident Account (FCNR)
C. NRO Account
D. NRE Account
E. NRI Account
 Answer

Name the account which is maintained in foreign currency with an

Authorised Dealer i.e. a bank dealing in foreign exchange by
business persons in India who require foreign exchange on regular
basis?

A. Exchange Earners' Foreign Currency Account (EEFC)

B. Foreign Currency Non resident Account (FCNR)
C. NRO Account
D. NRE Account
E. NRI Account
 Question 35

When it comes to money market instruments, which among the

following is not true?

a) Treasury bills
b) Term money
c) Certificate of deposits
d) Corporate debentures
e) Commercial paper
 Answer

When it comes to money market instruments, which among the

following is not true?

a) Treasury bills
b) Term money
c) Certificate of deposits
d) Corporate debentures
e) Commercial paper
 Question 36

New and re-issuable currency notes are stored in

_____________maintained by the banks as agents of Reserve Bank
of India

a) Currency chests
b) Treasuries
c) Branches
d) Service units
e) Locker
 Answer

New and re-issuable currency notes are stored in

_____________maintained by the banks as agents of Reserve Bank
of India

a) Currency chests
b) Treasuries
c) Branches
d) Service units
e) Locker
 Question 37

Leasing, hire purchase and Insurance are the domain

of_______________

a) Non banking companies

b) Mutual funds
c) Commercial banks
d) Development banks
e) None of the above
 Answer

Leasing, hire purchase and Insurance are the domain

of_______________

a) Non banking companies

b) Mutual funds
c) Commercial banks
d) Development banks
e) None of the above
 Question 38

A loan granted for short duration crops would be treated as NPA, if

the instalment of principal or interest thereon remains overdue for

(a) two crop seasons

(b) two quarters,
(c) two half- years
(d) whichever is less
(e) none of the above
 Answer

A loan granted for short duration crops would be treated as NPA, if

the instalment of principal or interest thereon remains overdue for

(a) two crop seasons

(b) two quarters,
(c) two half- years
(d) whichever is less
(e) none of the above
 Question 39

Issuing of credit cards is a component of

(a) Corporate Banking

(b) Micro Finance
(c) Retail Banking
(d) Rural Banking
(e) None of these
 Answer

Issuing of credit cards is a component of

(a) Corporate Banking

(b) Micro Finance
(c) Retail Banking
(d) Rural Banking
(e) None of these
 Question 40

The banking company has restriction to sanction loan to

(a) Staff working in the bank

(b) Directors of the bank
(c) Students going abroad
(d) Professionals
(e) Listed Companies
 Answer

The banking company has restriction to sanction loan to

(a) Staff working in the bank

(b) Directors of the bank
(c) Students going abroad
(d) Professionals
(e) Listed Companies