01. When it comes to the primary functions
of any bank which among the following is ODD man out?
a)
Accepting deposits from the public; b)
lending cash credit loans to the public; c) lending agricultural loans to the
public; d) lending loans to industries; e) selling mutual fund products
02. When it comes to the secondary
functions of any bank, which among the following is irrelevant?
a)
Selling gold coins; b) accepting deposits;
c) selling mutual fund products; d) selling insurance products; e) providing
consultancy services
03. Which among the following is
considered to be the subsidiary services of any bank?
a)
Issue of demand drafts; b) providing safe
deposit locker facility; c) providing safe custody service; d) all the above;
e) none of the above
04. What is the minimum period for which a
fixed deposit can be accepted by any bank?
a)
7 days; b) 14 days; c) 15 days; d) 21 days;
e) none of the above
05. Normally interest is paid on
____________basis in respect of fixed deposits
a)
Quarterly; b) half yearly; c) annually; d)
monthly; e) 0n maturity
06. Cheque books are issued in respect of
which among the deposits as mentioned below?
a)
Fixed deposit; b) savings bank; c) current
account; d) recurring deposit; e) (b) and (c) as above
07. You are aware that the back portion of
any cheque do not contain any details and is meant for recording endorsements
and in case of non availability of space, a slip of paper is attached to the
cheque called as______________
a)
Additional sheet; b) extra cheque leaf; c)
attached cheque leaf; d) allonge; e) white addition
08. What do you mean by TDS?
a)
Tax deducted at source; b) traditional
development scheme; c) transport development scheme; d) tax development source;
e) tax dedicated at source
09. The principal regulator of the capital
market in the country is called as:
a)
Insurance regulatory and development
authority; b) securities and exchange board of India; c) Reserve Bank of India;
d) National bank for agriculture and rural development; e) none of the above
10. Find the incorrect match among the
following:
a)
Reserve Bank of India – Canara Bank; b)
Securities and exchange board of India – TCS Limited; c) Insurance Regulatory
and Development authority – Life Insurance Corporation of India; d) Director
general of foreign trade- Importer and exporter code; e) State governments –
regional rural banks
11. When a customer maintains an account
in his personal name, it is called as individual account and when he opens an
account in the name of a firm owned by him, it is called as____________________
a)
Partnership account; b) proprietorship
account; c) company account; d) trust account; e) business account
12. When a customer maintains an account
in his personal name, it is called as individual account and when he opens an
account in the name of a firm owned by himself and others, it is called
as______________
a)
Proprietorship firm; b) partnership firm;
c) company account; d) trust account; e) joint account
13. Two parallel transverse lines on the
face of the cheque is called as crossing and when a name of a bank is included
between the two lines, it is called as:
a)
General crossing; b) special crossing; c)
double crossing; d) bank crossing; e) none of the above
14. Crossing has been defined in the
following act:
a)
Banking regulation act 1949; b) Reserve
Bank of India, 1934; c) Indian companies act 1956; d) Negotiable Instruments
act 1881; e) none of the above
15. When it comes to the facility of
nomination available in bank products, which is the odd man out among the
following?
a)
Fixed deposit; b) savings bank; c)
reinvestment deposit; d) safe deposit locker; e) housing loan
16. When it comes to the rights of equity
share holders of any company, which among the following is not true?
a)
The equity shareholders are entitled to
dividends as declared by the company
b)
Normally dividends are declared subject to
the company earning any profits
c)
Equity shareholders have voting rights
d)
Equity shareholders are eligible to
participate in the annual general meeting of the company and deliberate on the
discussions
e)
They are eligible to get fixed dividends as
per agreement
17. Which among the following are not the
duties of any commercial bank in the
country?
a)
Collection of cheques and demand drafts; b)
transfer of money from one branch to another branch using RTGS and NEFT; c)
Providing automated teller machine facilities; d) providing safe deposit
lockers to the customers; e) providing consultancy services for the development
of infrastructure like roads, industries etc.,
18. __________________is the concept under
which banks can provide various types of services namely: deposits, loans, safe
deposit locker facilities, safe custody receipt facilities, selling of gold
coils, provision of mutual fund products and insurance products etc to the
customers:
a)
Extended banking; b) broad banking; c) wide
banking; d) universal banking; e) global banking
19. When it comes to the regulatory
functions of Reserve Bank of India, which among the following is not true?
a)
Qualitative credit control; b) open market
operations; c) maintenance of CRR and SLR; d) credit authorization scheme; e)
promotion of export through refinance facilities
20. When the requirements of any borrower
is very huge, normally banks join together and lend the borrower on sharing
basis and this form of finance is called as:
a)
Joint financing; b) coordinated financing;
c) consortium advance; d) collective finance; e) cumulative finance
21. When an individual is willing to
invest in shares of prominent companies, instead of sending demand drafts, he
avails the cheques issued in _________account wherein the cheque amount is
blocked till such time the cheque is cleared for debiting in the account:
a)
Demat account; b) current account; c) cash
credit account; d) ASBA account; e) share investment account
22. When the bank concentrates more in
__________________banking services, they prioritise lending for housing loans,
personal loans, educational loans and other consumer durables loan:
a)
Wholesale banking; b) retail banking; c)
universal banking; d) commercial banking; e) innovative banking
23. ____________is the provision of small
loans to poor people especially women in rural and semi urban areas,
particularly in developing countries to help them engage in self employment and
escape from the clutches of poverty
a)
Macro credit; b) micro credit; c) minute
credit; d) rural credit; e) broad credit
24. _______________is a phase of dismal
economic activity usually accompanied by rising unemployment and it is usually
defined by two successive quarters of negative gross domestic product growth
and is considered to have cyclic character
a)
Inflation; b) deflation; c) recession; d)
violation; e) saturation
25. In the case of ____________a bank in
need of cash can sell securities to Reserve Bank of India against cash on the
condition that the bank will repurchase the securities within a short period.
a)
Reverse repo; b) repo; c) residual repo; d)
inflation; e) deflation
26. _______________is an instrument in
writing containing an unconditional order signed by the maker directing a
certain person to pay
a certain sum of money only to or to the order of a certain person or to the
bearer of the instrument
a)
Bill of entry; b) bill of exchange; c)
promissory note; d) documentary credit; e) none of the above
27. When the cheque is presented for
payment to the banker for encashment, the banker insists the holder to sign on
the backside of the cheque and such activity is called as:
a)
Signing the cheque; b) endorsement; c)
signature recording; d) acknowledgment; e) none of the above
28. ___________possesses a computer chip
which is used for data storage, processing and identification
a)
Credit card; b) smart card; c) debit card;
d) electronic card; e) none of the above
29. ______________ is a cheque drawn by a
bank on one of its branches or correspondent banks requesting the latter to pay
the specified sum of money to the person named in the instrument
a)
Traveller cheque; b) demand draft; c) mail
transfer; d) letter of credit; e) promissory note
30. “A tradition of trust” is the
punchline of which bank among the following?
a)
Canara bank; b) Bank of India; c) Central
Bank of India; d) State Bank of India; e) Allahabad bank
ANSWERS:
|
1-E
|
2-B
|
3-B
|
4-A
|
5-A
|
6-E
|
7-D
|
8-A
|
9-B
|
10-E
|
|
11-B
|
12-B
|
13-B
|
14-D
|
15-E
|
16-E
|
17-E
|
18-D
|
19-E
|
20-C
|
|
21-D
|
22-B
|
23-B
|
24-C
|
25-B
|
26-B
|
27-B
|
28-B
|
29-B
|
30-E
|
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