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01. The merger of two business units, that
manufacture different products of like nature, is called as:
a)
Horizontal merger; b) vertical merger; c)
lateral merger; d) diagonal merger; e) none of the above
02. What do you mean by golden parachute?
a)
Attractive benefits that are given to top
executives of targets company at the time of acquisition
b)
Attractive benefits that are given to
clerical staff and subordinate staff of target company at the time of
acquisition
c)
Attractive benefits that are given to top
executives of acquirer company at the time of acquisition
d)
Attractive benefits that are given to
clerical staff and subordinate staff of acquirer company at the time of ac quisition
e)
None of the above
03. Which of the following committee was
set up in 1993 with a view to recommend insurance sector reforms?
a)
M.N. Goiporia committee; b) L.C. Gupta
committee; c) R.N. Malhotra committee; d) Narasimhan committee; e) none of the
above
04. What do you mean by bankassurance?
a)
Selling insurance policies by the banks; b)
insurance of the properties belonging to the banks; c) insurance of the properties
by the banks; d) life insurance business undertaken by the banks; e) none of
the above
05. Which of the following is included in
bancassurance?
a)
Insurance policies issued by the banks in
their names
b)
Selling by a bank the insurance policies of
its ancillary insurance company
c)
Selling by a bank the insurance policies of
any insurance company
d)
All the above
e)
None of the above
06. A bank wishes to undertake insurance
business. Whose permission is necessary before commencement of insurance
business?
a)
Life Insurance Corporation of India; b)
General Insurance Corporation of India; c) Insurance regulatory and development
authority; d) Reserve Bank of India; e) none of the above
07. Selling of banking products by an
insurance company is called as
a)
Assurfinance; b) bankassurance; c)
innovative banking; d) all the above; e) none of the above
08. What is a contract of insurance?
a)
It is a contract of guarantee; b) it is a
contract of pledge; c) it is a contract of hypothecation; d) it is a contract
of indemnity; e) none of the above
09. Which of the following is not an
essential condition for an urban cooperative bank to undertake bankassurance
business?
a)
The bank should obtain prior permission
from Insurance Regulatory and development authority
b)
The bank should have a net worth of not
less than Rs. 50 crore
c)
The bankassurance business can be through
their branches
d)
The bank will have to enter into an agreement
with the insurance agency concerned
e)
None of the above
10. Which among the following is called as
non performing assets?
a)
Assets that can exchange income; b) Assets
that eases to earn interest income; c) assets that have not been commented upon
by the auditors; d) all the above; e) none of the above
11. Which of the following does not
pertain to non performance assets?
a)
Sub standard assets; b) doubtful assets; c)
loss assets; d) all the above; e) standard assets
12. Which among the following defines a
non performing asset?
a)
In a loan account, the principal due has
not been paid for more than ninety days
b)
In a loan account, the interest due has not
been paid for more than ninety days
c)
Both (a) and (b) as mentioned above
d)
Assets that have not been commented upon by
the bank auditors
e)
None of the above
13. Which among the following committees
had recommended Income Recognition and assets classification norms?
a)
Rangarajan committee; b) Goiporia
committee; c) Narasimhan committee; d) Jankiraman committee; e) none of the
above
14. What do you mean by the term called
as “DRT”, when it comes to recovery of
bank dues?
a)
Debt Recovery Tribunal; b) Debtor recovery
tribunal; c) Debt reminder tribunal; d) Debt recovery tariff; e) Delhi Road
transport
15. Which of the following has introduced
“Banking Ombudsman” in our country?
a)
Reserve Bank of India; b) Indian Bank’s
association; c) National Institute of Bank Management; d) Indian Institute of
Banking and Finance; e) none of the above
16. Banking Ombudsman scheme has been
introduced under the provisions of
a)
Reserve Bank of India act; b) Banking
regulation act; c) Indian contract act; d) Consumer protection act; e) all the
above
17. What is the maximum period of time
after which a customer of a bank can contact Banking Ombudsman, if he does not
receive satisfactory response to his complaint?
a)
One month; b) two months; c) three months;
d) none of the above
18. A complaint can be submitted before
Banking Ombudsman within ______of final decision by the bank?
a)
Two months; b) three months; c) six months;
d) twelve months; e) none of the above
19. In the term “CIBIL’, what do you mean
by “B”?
a)
Bank; b) Bureau; c) Borrower; d) Bench; e)
none of the above
20. Which committee has recommended
financing to self help group?
a)
Kalia committee; b) Narasimhan committee;
c) Vasu committee; d) Goiporia committee; e) none of the above
21. Which of the following has set up
Rural Infrastructure Development Fund?
a)
National Bank for agriculture and rural
development; b) Reserve Bank of India; c) State Bank of India; d) five major
commercial banks; e) none of the above
22. When a currency is converted into any
other currency without any limit and for any purpose, it is called as
a)
Fully convertible; b) partially
convertible; c) controlled convertible; d) not at all convertible; e) none of
the above
23. Which of the following committees has
recommended for capital account convertibility in our country?
a)
A T Pannirselvam; b) S. Padmanabhan; c) S.
Rangarajan committee; d) S. S. Tarapore committee; e) none of the above
24. What is the necessity of foreign
capital for a developing country like India?
a)
It encourages savings in the country; b) it
is helpful to solve the problem of balance of payment; c) it is helpful for
economic development of a developing country; d) all the above; e) none of the
above
25. Which of the following committees were
set up by Government of India with a view to attract domestic and foreign
investments in the country?
a)
Investment commission; b) Foreign
Investment commission; c) Inland and Foreign investment commission; d) National
savings commission; e) none of the above
26. External commercial borrowings is a
part of
a)
Balance of payment; b) balance of trade; c)
current account; d) capital account; e) none of the above
27. External commercial borrowings are
governed under:
a)
Foreign Exchange Regulation act; b)
Securitisation and Reconstruction of Financial assets and enforcement of
security interest act; c) Debt Recovery Tribunal act; d) Foreign exchange
management act
28. Foreign trade policy is framed and
implemented by:
a)
Chief controller of Import and Exports; b)
Director General of Foreign Trade; c) Governor of Reserve Bank of India; d)
Chairman of Finance commission; e) none of the above
29. Under which ministry Director General
of Foreign Trade function?
a)
Commerce ministry; b) Finance ministry; c)
Foreign ministry; d) Home ministry; e) None of the above
30. An offshore banking unit (OBU) is a
unit
a)
That is located in a foreign country; b)
that is located in special economic zone and deals in foreign currency; c) that
is engaged in business of lending foreign currency and establishing joint
ventures; d) all the above; e) none of the above
TEST
NO: 003 - ANSWERS
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1-A
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2-A
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3-C
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4-A
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5-D
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6-C
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7-A
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8-D
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9-D
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10-B
|
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11-E
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12-C
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13-C
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14-A
|
15-A
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16-B
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17-B
|
18-D
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19-B
|
20-A
|
|
21-A
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22-A
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23-D
|
24-D
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25-A
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26-D
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27-D
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28-B
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29-A
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30-A
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