Banking Awareness-1

                             
                                      Banking Awareness -1


1)  POS is the acronym used in banking. It means ?
    a)   Point of Sales Terminal
    b)   Personal Omission Script
    c)   Pending Off Sales
    d)   Pointed Open Sales
    e)   Post Office Sales

Exp:-Refers to the area of a store where customers can pay for their purchases. The term is normally used to describe systems that record financial transactions. This could be an electric cash register or an integrated computer system which records the data that comprises a business transaction for the sale of goods or services.

Also Known As: Point of Sale, POS System

2)  NIM Stands for?
 a)  Net Interest Minimum
 b)  Not Interest Margin
 c)  Net Internal Margin
 d)  Net Interest Margin
 e)  Net Interest Module
Exp:-

'NET INTEREST MARGIN'

A performance metric that examines how successful a firm's investment decisions are compared to its debt situations. A negative value denotes that the firm did not make an optimal decision, because interest expenses were greater than the amount of returns generated by investments.

Calculated as:

 3.Ways and Means is the load of Advances provided by the RBI to ?
 a)  Central Government
 b)  Bank
 c)  State Government
 d)  NABARD
 e)  None

Exp:-

• we know that RBI works as a banker to the State Governments by agreement. But there is no fixed minimum reserve balance for the State Governments. All state Governments are required to maintain a minimum reserve balance with RBI, but it depends upon the size of the economy of the state and its budget. 
• However, there are times, when there is a temporary mismatch in the cash flow of the receipts and payments of the State Governments. To handle this mismatch, there is a WMA scheme / facility which refer to Ways and Means Advances.

•  RBI makes WMA to the state governments for a period of 90 Days. If the state government 
• take WMA against the collateral Government securities, it is called Special WMA. If they are not against the security, then they are provided WMA based upon the three-year average of actual revenue and capital expenditure of the state. This is called normal WMA. 
• WMA limits are if exceeded, is called overdraft. A state Government can withdraw an overdraft for maximum of 14 days consecutively. A state Government can withdraw an overdraft for maximum 36 days in a quarter. 
• The rate of interest is linked to repo rate. Management of Public Debt: RBI helps both the central government and state governments to manage their public debt, float new loans, issue and retirement of rupee loans, interest payment on the loan and operational matters about debt certificates and their registration. 
• RBI's debt management policy aims at minimising the cost of borrowing, reducing the roll-over
•  risk, smoothening the maturity structure of debt, and improving depth and liquidity of 
• Government securities markets by developing an active secondary market.

4. Which bank opened Customer Service Point (CSP) to extend financial inclusion targeting urbanpoor ?
 a)  Union Bank of India
 b)  ICICI
 c)  SBI
 d)  Syndicate Bank
 e)  Yes Bank

5. "Maa Thota" scheme in Andhra Pradesh sponsored by ___________ to improve the lot of tribal
families ?
 a)  Andhra Bank
 b)  Union Bank of India
 c)  NABARD
 d)  NGB
 e)  RBI

6.  Which Bank in India opened India's first offshore banking Unit ?
 a)  SBH
 b)  ICICI
 c)  SBI
 d)  Axis
 e)  Bank of Baroda

 7.   ___________ promoted Securities Trading Corporation of India Limited (STCI) jointly with the
Public sector banks ?
 a)  RBI
 b)  SBI
 c)  UTI
 d)  LIC
 e)  SEBI

 8.  Ballon Loan means ?

 a)  a loan offered at highest rate of interest for consumer loans
 b)  a loan which does not fully amortize over its term
 c)  loan offered to joint borrowers only
 d)  loan offered to the Large scale industries
 e)  None of these

9.India's First Dedicated Education Loan Company CREDILA is the associate body of ?
 a)  SBI
 b)  Andhra Bank
 c)  United Bank of India
 d)  HDFC
 e)  SBH

10.CER was established to prevent frauds in loan cases involving multiple leading from different banks on the same immovable property. CER means ?
 a)  Central Electronic Recognition
 b)  Central Ethics Registry
 c)  Central Electronic Registry
 d)  Central Election Registry
 e)  Central Entry Registry

 11.Soft loan characteristic feature is ?
 a)  Short period and more rate of interest
 b)  Long period and more rate of interest
 c)  Long period, More rate of interest with grace period
 d)  Long period, Less rate of interest with grace periods
 e)  Long period, more rate of interest with no grace periods

 12."Loan Servicing" means ?
 a)  Lending the money
 b)  A mortgage bank or sub-servicing firm collects the timely payments of interest an principal from borrowers
 c)  Helping the customer to get loan in other banks by providing the details of the running account
 d)  Giving a loan if the customer has any deposit
 e)  Giving second loan after payment of first loan regularly

13. Who headed the study group constituted by Indian Banks Association to give the
recommendations on Education Loans ?
 a)  Rangarajan
 b)  Kelkar
 c)  R. J. Kamath
 d)  Subrahmanyam
 e)  None of these

 14.When any asset ceases to generate income for the bank, It is called ?
 a)  Official Asset
 b)  Non-good Asset
 c)  Non-Performing Asset
 d)  Non-Commitment Asset
 e)  None of these

 15.In a news paper it is read that "Higher Provisioning erodes public sector banks' profit". Here "Provisioning" relates to ?
 a)  Daily Expenses
 b)  Cost to erect ATMs
 c)  Conducting exams to recruit new personal
 d)  Bad Loans
 e)  Establish new branches

 16.The SSI said there must not be two regulators on home loans. One regulator is Reserve Bank of India and another one is
 a)  HDFC
 b)  SBI
 c)  SEBI
 d)  HUDCO
 e)  NHB

17.  Loan given for undertaking repairs, renovations and / or up gradation is called ?
 a)  Home Damage Loan
 b)  Home Improvement Loan
 c)  Home Custody Loan
 d)  Home Consumption Loan
 e)  All of above

18.Who introduced the concept of Microfinance in Bangladesh in the form of the "Grameen Bank". He is the Nobel laureate known by many as the "Father of Microfinance Systems" ?
 a)  C. D. Deshmukh
 b)  Amartya Sen
 c)  Muhammad Yunus
 d)  Sheik Haseena
 e)  Muzibaer Rahman

19. The usual deposit accounts of banks are ?
 a)  Current accounts, electricity accounts and insurance premium accounts
 b)  Current accounts, post office savings, bank accounts and term deposit accounts
 c)  Loan accounts, savings bank accounts and term deposit accounts
 d)  Current accounts, savings bank accounts and term deposit accounts
 e)  Current bill accounts and term deposit accounts

20.Loan to poor people by banks have many limitations including lack of security and high operating
cost. So to help them which type of finance system developed ?
 a)  Ponzi Schemes
 b)  Micro Finance System
 c)  Money Laundering Schemes
 d)  Money Tampering Finance
 e)  Supervision Finance          
                                              
21.Beneficiary bank has to credit the beneficiary's account within ___________ hours of receiving the funds transfer message as per the order of RBI ?
    a) Three
    b) Two
    c)  Four
    d)   Five
    e) Six

22.   In the both cases of RTGs and NEFT the charges are decided by ?
 a)  Collecting banker
 b)  Transferor
 c)  Transferee
 d)  Paying Banker
 e)  None of these

23)In online transactions, IFSC code given. Pick the wrong option related to it ?
 a)  IFSC is an alphanumeric code that uniquely identifies a bank-branch participating in te NEFT system and RTGS system.
 b)  IFSC means Indian Financial System Code
 c)  It will have 11 digits
 d)  First 4 digits tell where is the bank's head office
 e)  5th digit is always zero and the last 6 digits tell about the branch code

24)SWIFT is an internationally recognized identification code for banks around the world, which has 8 or 11 alphanumeric characters. SWIFT means ?
 a)  Stand for Worldwide Interbank Financial Telecommunication
 b)  Society for Worldwide Internal Bank Financial Telecommunication
 c)  Society for World Interbank Financial Telecommunication
 d)  Society for Worldwide Interbank Financial Telecommunication
 e)  None of these

25)Usually No Frill Accounts are ?
 a)  Savings Account
 b)  Corporate Account
 c)  Fixed Deposit
 d)  Kiddy Account
 e)  Salary Account

26)  From which date, the No Frill Accounts to be treated as BSBDA as per the order of RBI ?
 a)  10th August 2012
 b)  15th April 2013
 c)  25th May 2014
 d)  18th April 2015
 e)  10 December 2016

 27)  One individual can have how many BSBDA accounts in one bank as per the order of RBI ?
 a)  three
 b)  two
 c)  four
 d)  five
 e)  one

 28)The Basic Savings Bank Deposit Account (BSBDA) scheme of RBI to be opened in which of the following banks ?
 a)  Public Sector Banks
 b)  Private Sector Banks
 c)  Foreign Banks Operating in India
 d)  Foreign Banks Operating in Foreign Countries
 e)  All of above

29)The balance to be maintained by the Customer in the BSBDA is ?
 a)  Rs. 1000
 b)  Rs. 500
 c)  Rs. 250
 d)  Rs. 50
 e)  No minimum balance required

 30)To open the BSBDA, the initial deposit to open the account must be ?
 a)  Rs. 100
 b)  Rs. 500
 c)  Rs. 1000
 d)  Rs. 5000
 e)  No initial deposit needed

 31)   The facility not available in the BSBDA is ?
 a)  deposit amount
 b)  withdrawing of cash
 c)  ATM Card
 d)  withdrawal form facility
 e)  All above facilities available

 32)Total credits in the BSBDA should not exceed ?
 a)  2 Lakh per year
 b)  5 Lakh per year
 c)  10 Lakh per year
 d)  8 Lakh per year
 e)  1 Lakh per year

33)The maximum balance in the BSBDA is ____________ at any time ?
 a)  should not exceed Rs. 1 Lakh
 b)  should not exceed Rs. 2 Lakh
 c)  should not exceed Rs. 10,000
 d)  should not exceed Rs. 3 Lakh
 e)  should not exceed Rs. 50,000

 34)In the current account, the facility given is ?
 a)  No restriction on number of deposits
 b)  No restriction on number of withdrawals
 c)  No restriction on use of cheques
 d)  All of above
 e)  None of above

 35)The formal way of lending includes lending from ?
 a)  Private Sector Banks
 b)  Co-operative Banks
 c)  Public Sector Banks
 d)  RRB
 e)  All of the above

 36)   The Village people take more loans from non-institutional sources (informal route). It includes ?
 a)  Scheduled Loans
 b)  Public Sector Banks
 c)  Co-Operative Banks
 d)  Rural Banks
 e)  Money Lenders

 37)The Loan taken for the purpose of doing business is called _____________
 a)  Non-Commercial Loan
 b)  Anti-Personal Loan
 c)  Business Loss Loan
 d)  Enterprise Gold Loan
 e)  Commercial Loan

 38)Loan taken for not doing of the business, usually called ?
 a)  Commercial Loan
 b)  Non-Commercial Loan
 c)  Individual Group Loan
 d)  Virtual Loan
 e)  Business Torn Loan

 39)  Example for Non-commercial Loan is ?
 a)  Agricultural Loan
 b)  Loans to BPL families
 c)  Loans to SHG
 d)  Loans to SC and ST communities
 e)  All the above

 40)Loan taken by the person, not telling the purpose of taking loan is called ?
 a)  Impersonal Loan
 b)  Personal Loan
 c)  Concealed Loan
 d)  Hidden Loan
 e)  Go and Apply Loan.    
                               
41) 23rd Governor of RBI is ?
    a)  Montek Singh Ahluwalia
    b) Raghuram Rajan
    c) K. C. Chakraborthy
    d)   Sumithra Chaudhuri
    e)   D. Subba Rao

 42)Raghuram Rajan belongs to which state ?
    a)  Tamil Nadu
     b)  Andhra Pradesh
     c)  Madhya Pradesh
     d)  UP
     e)  Assam

 43)Raghuram Rajan was the former Chief Economist of ?
 a)  RBI
 b)  UNO
 c)  IMF
 d)  ADB
 e)  SBI

 44)Who among the following never served as Governor of RBI ?
 a)  James Taylor
 b)  Bengal Rama Rau
 c)  Pranab Mukherjee
 d)  C. Rangarajan
 e)  Manmohan Singh

 45)  Which among the following served as the governor of RBI and Finance Minister of India ?
 a)  C. rangarajan and C. D. Deshmukh
 b)  Y. V Reddy and Manmohan Singh
 c)  C. D. Deshmukh and Manmohan Singh
 d)  D. Subba rao and Bimal Jalan
 e)  All of above

 46)Board of Financial Supervision (BFS) of RBI started in ?
 a)  2001
 b)  1994
 c)  1998
 d)  2008
 e)  2000

 47)Board of Financial Supervision of RBI founded as a committee of the central board of Directors of RBI. The Committee headed by ?
 a)  Deputy Governor
 b)  Governor of RBI
 c)  Finance Minister
 d)  Prime Minister
 e)  None

 48)Aim of Board of Financial Supervision (BFS) of RBI to undertake the consolidated supervision of the financial sector comprising the financial organizations, commercial banks and __________
 a)  NBFC
 b)  Chit funds
 c)  Share Market
 d)  NGO
 e)  None

49)Which legislation authorized RBI to inspect commercial banks ?
 a)  Banking Regulation Act, 1934
 b)  Banking Regulation Act, 1954
 c)  Banking Regulation Act, 1949
 d)  Banking Regulation Act, 1972
 e)  Banking Regulation Act, 1901

 50)  Which among the following is NOT the function of BFS of RBI ?
 a)  Off-site supervision of banks
 b)  Strengthening of Inspections
 c)  Orders relating to payment gateways
 d)  Strengthening role of Auditors
 e)  None

 51)  Finacle Core Banking and McCamish Insurance products are launched by ?

 a)  Infosys
 b)  TechMahindraSatyam
 c)  TCS
 d)  Pantla
 e)  None

 52)A UN report has revealed that despite widespread poverty in the country, India is on track to meet the United Nations' Millennium Development Goal (MDG) of poverty reduction by ?
 a)  2015
 b)  2014
 c)  2018
 d)  2020
 e)  2045

53) India's first post office savings bank ATM facility has been recently inaugurated in which of the following places?
a) Chennai
b) Bengaluru
c) Mumbai
d) Delhi
e) None of these

 54) SWIFT introduced in which year ?
 a)  1975
 b)  1985
 c)  1976
 d)  1973
 e)  1986

 55)  SWIFT started its live operations from 9th May of which year ?
 a)  1935
 b)  1998
 c)  2013
 d)  1977
 e)  2001

 56)SWIFT has headquarters at ?
 a)  Bonn
 b)  New York
 c)  New Delhi
 d)  Brussels
 e)  Tokyo

 57)   The upgraded SWIFT II system introduced in ____________ to which system the most Indian banks are hooked ?
 a)  1996
 b)  1995
 c)  2001
 d)  1998
 e)  1989

 58) To use SWIFT based system, each country required to install CBT. CBT means ?

 a)  Computer Based Training
 b)  Computer Based Transaction
 c)  Computer Biased Terminal
 d)  Computer Based Trail
 e)  Computer Based Terminal

 59)SWIFT allows member financial organization / banks worldwide to exchange information amongst each other in which form ?
 a)  Physically
 b)  Electronically
 c)  Via Telephone calls
 d)  All of these
 e)  None of these

 60)Present chairman of SWIFT is Yawar Shah. He belongs to ?
 a)  India
 b)  Pakistan
 c)  UAE
 d)  Fiji
 e)  Iran

 61)  As we know, a lot of new concepts are being used in the field of banking these days, which of the following is NOT one such concept / product directly associated with banks ?
      a)   RTGs
      b) SMS Alert
      c)  Demat Account
      d)  ATM / Debit Card
      e)  Number Portability

 62)The history brief  line of RBI given. Pick the correct one  ?
 a)  Established in 1935 at Kolkata
 b)  Moved its HO to Mumbai in 1937
 c)  Nationalized in 1949
 d)  Co-operative banks come under the regulation of RBI
 e)  All of these

 63)History Line up of RBI given. Pick up the wrong one ?
 a)  RBI had more efficient control over Foreign Exchange as  the Amendment of Foreign Exchange Regulation Act (FERA) came in to effect in 1973
 b)  RRBs established in 1975 brought under the control of RBI
 c)  Sukhmoy Chakravarthy and Vaghul Committee reports on Financial Sector reforms Submitted in 1986
 d)  In 1993, Exchange rate became market determined
 e)  Board of Financial Revision set up in 1994

64)  Reserve Bank Staff College is located at __________ (to train the needs of RBI officers).
 a)  Bengaluru
 b)  New Delhi
 c)  Chennai
 d)  Hyderabad
 e)  Nagpur

 65)The College of Agricultural Banking at ___________ trains staff of Co-operative and commercial banks,  including regional rural banks.

 a)  Mumbai
 b)  Kolkata
 c)  Kanpur
 d)  Chennai
 e)  Pune

 66)RBI is funding to encourage advance training and research on banking issues, Economic Growth. It is funding National Institute of Bank Management (NIBM) at ?
 a)  Delhi
 b)  Kolkata
 c)  Pune
 d)  Hyderabad
 e)  Indore

 67)Indira Gandhi Institute of Development Research (IGIDR) at ______ also funding by RBI.
 a)  Hyderabad
 b)  Bhopal
 c)  Nasic
 d)  Mumbai
 e)  Kanyakumari

 68)Institute for Development and Research in Banking Technology (IDRBT) is located at ___________
 a)  Gurgaon
 b)  Jalandhar
 c)  Chennai
 d)  Hyderabad
 e)  Pune

 69)Which among the following is the first universal bank of India ?
 a)  HDFC
 b)  Axis Bank
 c)  ICICI
 d)  Federal Bank
 e)  None of these

 70)Branch Banking Means ?
 a)  Bank runs branches accepting deposits only
 b)  Bank operates through branches to make deposits and forward loans
 c)  Banks do not having branches
 d)  1 & 3
 e)  None of these

 71)The ultimate controller of Bank Deposits is ?
 a)  SBI
 b)  Finance Secretary
 c)  Ministry of Finance
 d)  Controller of Deposits
 e)  RBI

 72)Important two streams of bank deposits in India ?
 a)  Functional deposit and Demand deposit
 b)  Irregulated deposit and Demand deposit
 c)  Term deposit and Demand deposit
 d)  Regulated deposit and Non-regulated deposit
 e)  None

 73)   Which of the following is NOT a Nationalized Bank ?
 a)  Union Bank of India
 b)  Central Bank of India
 c)  YES Bank
 d)  Syndicate Bank
 e)  Dena Bank

74)The Non-Regulated deposit is ?
 a)  Current Account
 b)  Fixed Deposit
 c)  Savings Account
 d)  Recurring Account
 e)  All of above

75) The highlight of Term Deposit is ?
 a)  high rate of Interest
 b)  no instinct to spend
 c)  cumulative rate of interest option
 d)  loan options
 e)  All of these

76)Which of the following is the best option to park money for a long period of time to earn a high rate of interest ?
 a)  Savings account
 b)  Current account
 c)  Fixed deposit account
 d)  Recurring account
 e)  None of these

 77)Banks usually collect penal rate of interest on ____________ for the pre mature withdrawal of fixed deposits
 a)  Principal
 b)  Rate of Interest
 c)  Minimum deposit amount
 d)  Maturity amount
 e)  All of these

 78)Fixed deposit can have
 a)  Nomination facility
 b)  Nomination facility with the permission of Bank chairman
 c)  Nomination facility by taking special permission from bank
 d)  Nomination facility on the day of closing
 e)  Nomination facility with the permission of person who introduced him to open account

 79)Which committee proposed to raise the compulsory insurance of bank deposits up to 5 lakhs ?
 a)  Arvind Mayaram
 b)  Usha Thorat
 c)  Damodaran
 d)  Syamala Gopinath
 e)  None of these

 80)   With whom, banks usually insure the deposit of the customers ?
 a)  IRDA
 b)  RBI
 c)  DICGC
 d)  NABARD
 e)  None of these

 81)What is meant by Public Sector Bank ?
    a)   The bank run by the government having the Directors elected by the public
   b)  Banks should not sell the shared to public
   c)  Government of India or RBI or both have the least shares of 51% in that bank
   d)   More people visit these banks
   e)  These banks distribute free money to public

 82.Licensing Authority of Banks rest with _______________
 a)  SEBI (Securities Exchange Board of India)
 b)  RBI (Reserve Bank of India)
 c)  RRB (Regional Rural Bank)
 d)  EXIM Bank (Export and Import Bank of India)
 e)  All of the above

 83.The Other names of Reserve Bank of India are
 a)  Central Bank
 b)  Apex Bank
 c)  Lender of the last Resort
 d)  Banker's Bank
 e)  All of the above

 84.Which Agency in India is called the "Issuer of Currency" ?
 a)  SBI
 b)  Ministry of Finance
 c)  RBI
 d)  IDBI
 e)  Finance Ministry

 85.Who mints one rupee paper currency in India ?
 a)  RBI
 b)  SBI
 c)  Government of India
 d)  IDBI
 e)  None of these

 86.The financial assistance of loans of Rs. 10,000 by a bank to a very small borrower will be called ?
 a)  Business Finance
 b)  Govt. Finance
 c)  Micro Finance
 d)  Small Finance
 e)  KYC

 87.Who mints the paper currency other than one rupee ?
 a)  Government of India
 b)  SBI
 c)  RBI
 d)  President of India
 e)  Finance Secretary

 88) _____________ issues the paper currency having denomination of Rs. 2 and more ?
 a)  Government of India
 b)  Ministry of Finance
 c)  SEBI
 d)  RBI
 e)  None of these

 89)Who put the signature on the paper currency having denomination of Rs. 2 and more ?
 a)  Finance Minister
 b)  Finance Secretary
 c)  RBI Governor
 d)  Prime Minister
 e)  None of these

 90)Bank branches which can undertake foreign exchange business directly are known as :
 a)  Authorized dealer
 b)  Foreign dealers
 c)  Overseas branches
 d)  Approved dealers
 e)  None of these

 91)Who determines the denominations of Paper Currency ?
 a)  RBI
 b)  Ministry of Commerce
 c)  Government of India
 d)  Deputy Governor
 e)  None of these

 92)Which paper currency has the Lowest circulation in India ?
 a)  50
 b)  10
 c)  1
 d)  100
 e)  500

 93)_______________ paper currency has the Highest circulation in India ?
 a)  10
 b)  20
 c)  100
 d)  50
 e)  1000

 94)_________ paper currency has highest fake notes in India ?
 a)  500
 b)  100
 c)  20
 d)  1000
 e)  10

 95)All new paper currency must have _______ series now ?

 a)  Gandhi
 b)  Nehru
 c)  Subhash Chandra Bose
 d)  Patel
 e)  None of these

96)To get rid of the disadvantages of Paper Currency, Plastic currency mooted. Which is the first country to mint Plastic money ?
 a)  India
 b)  New Zealand
 c)  China
 d)  Spain
 e)  Australia

 97)India moots to mint _________ rupee plastic money first
 a)  5
 b)  10
 c)  100
 d)  50
 e)  500

 98)In five cities / towns, the Rs. 10 plastic paper currency to be introduced for the valuation up to Rs. 100 crores. They are Kochi, Mysore, Bhubaneswar, Jaipur and ___________
 a)  New Delhi
 b)  Hyderabad
 c)  Bangalore
 d)  Simla
 e)  Pune

 99)Which of the following is virtual currency ?
 a)  1 Rupee Coin
 b)  Bit Coin
 c)  Soft Coin
 d)  Paper Coin
 e)  China Coin

 100)Bit coin generated by ?
 a)  John Shepherd-Barron
 b)  Satoshi Nakamoto
 c)  Tim Berners-Lee
 d)  Charles Babbage
 e)  Thomas Bit

101)  Which Public Sector banks has launched its channel on YouTube in order to strengthen its social media presence ?
     a)   SBI
     b)  Bank of Baroda
     c)  Canara Bank
     d)  Andhra Bank
     e)   Axix Bank

 102)Who was the head of the RBI's committee on strengthening monetary policy framework ?

 a)  Urjit Patel
 b)  Anand Sinha
 c)  K. C. Chakraborthy
 d)  H. R. Khan
 e)  Raghuram Rajan

 103)Which Bank came to limelight recently for declaring an interim dividend of 9000%, which is said to be the highest in India's banking industry ?
 a)  SBI
 b)  Axix Bank
 c)  Tamlinadu Mercantile Bank
 d)  HDFC Bank
 e)  ICICI Bank

 104)Who is the Chairman of the Expert Committee formed by RBI recently to review the governance of Bank of Baroda  in India ?
 a)  P. J. Nayak
 b)  S. Raman
 c)  Shubhalakshmi Phanse
 d)  Joydeep Sengupta
 e)  Nancy Powell

 105)Which of the following statements is correct about "Connect Card" started by Indian Overseas Bank ?
 a)  It is started in association with Master Card
 b)  It is Credit Card
 c)  It can not be used in ATM
 d)  It is ATM cum Debit card to be used for e-commerce
 e)  It is a Visa card

 106)Which Bank launched the "Connect Card" ?
 a)  State Bank of India
 b)  PNB
 c)  Indian Overseas Bank
 d)  ICICI Bank
 e)  Axis Bank

107)RBI allowed the Indian companies to issue ______________ to non-resident shareholders as bonus.
 a)  Convertible preference shares
 b)  Convertible non-preference shares with penalty
 c)  Non-Convertible preference shares as bonus
 d)  Irredeemable preference shares
 e)  None of these

 108)Banking Companies (Acquisition and Transfer of Undertaking) Bill passed ___________ paving way to the nationalization of banks in India ?
 a)  1974
 b)  1969
 c)  1975
 d)  1981
 e)  1961

 109)__________ banks are nationalized in the year 1969 ?

 a)  16
 b)  14
 c)  18
 d)  21
 e)  25

 110)   Which of the following Acts has specially been launched to facilitate banks in recovery of bad loans ?
 a)  RBI Act
 b)  Banking Regulation Act
 c)  Companies Act
 d)  Income Tax Act
 e)  SARFAESI Act

 111)   How many banks were nationalized by Indira Gandhi in the year 1980 ?
 a)  20
 b)  25
 c)  6
 d)  11
 e)  15

 112)Which among the following banks not nationalized in the year 1980 ?
 a)  Andhra Bank
 b)  Canara Bank
 c)  Punjab and Sindh Bank
 d)  Vijaya Bank
 e)  Oriental Bank of Commerce

 113)   Which of the following is the Largest Nationalized bank in India ?
 a)  Bank of India
 b)  Punjab National Bank
 c)  Oriental Bank of Commerce
 d)  ICICI
 e)  Corporation Bank

 114)Which Nationalized Bank was merged with Punjab National Bank ion 4th September1993 ?
 a)  Bank of India
 b)  Andhra Bank
 c)  New Bank of India
 d)  Syndicate Bank
 e)  Union Bank of India

 115)Which of the following public sector banks has the largest number of branches in foreign countries ?
 a)  Bank of Baroda
 b)  HDFC Bank
 c)  ICICI Bank
 d)  IRDA Bank
 e)  Axix Bank

 116)On 19th March 2014, RBI issued notice to banks to take measures to counter the threat expected to arise from discontinuation of the support from Microsoft of which software from 8th April 2014 ?
 a)  Windows 8
 b)  Windows 7
 c)  Windows NT
 d)  Windows Plus
 e)  Windows XP

 117)   Where was the first Bit-Coin ATM and an Online Application allowing individuals to buy and sell bit coins using mobile phones launched ?
 a)  Canada
 b)  USA
 c)  China
 d)  Thailand
 e)  Italy

 118)RBI on 13th March 2014, hiked the trade related remittance limit from 2 lakh rupees to what limit per transaction with immediate effect ?
 a)  Rs. 10 lakh
 b)  Rs. 9 lakh
 c)  Rs. 5 lakh
 d)  Rs. 25 lakh
 e)  Rs. 8 lakh

 119)Boutique Financing is the scheme launched by which bank for women boutique owners on 15th April 2014 ?
 a)  Corporation Bank
 b)  State Bank of India
 c)  Indian Bank
 d)  ICICI
 e)  Andhra Bank

 120)On 7th February 2014, RBI suggested use of PKI in payment system applications. PKI, which is a set of hardware and software that enables users of internet to securely and privately exchange data and money by using a pair of public and private cryptographic passwords, stands for ?
 a)  Public Key Initiative
 b)  Public Key Information
 c)  Public Key Interference
 d)  Public Key Introduction
 e)  Public Key Infrastructure

 121)  RBI's high level working group has suggested forming a Financial Resolution Authority (FRA) that would be responsible for the resolution of failed and distressed financial institutions in India. The group headed by ?
    a)   Raghuram Rajan
    b)  P. J. Nayak
    c)  Anand Sinha
    d)  K. C. Chakravarthy
    e)   None of these

 122)Which of the following certainly is an effort in the direction of Financial Inclusion ?
 a)  Internet Banking
 b)  Anywhere Banking
 c)  No-frills Account
 d)  Foreign Currency Accounts
 e)  All of these

 123)Switching to new format bank cheques under the Cheque Truncation system (CTS) ended on _________ as per the order of RBI ?
 a)  1st January 2014
 b)  14th January 2014
 c)  15th March 2014
 d)  30th April 2014
 e)  1st June 2014

 124)   RBI has extended the date of exchanging pre-2005 banknotes till ____________
 a)  31st July 2014
 b)  30th September 2014
 c)  1st January 2015
 d)  31st January 20115
 e)  31st March 2015

 125) ECS Stands for ?
 a)  Electrical Clearing System
 b)  Electronic Core System
 c)  Electronic Clearing Signal
 d)  End Clearing System
 e)  Electronic Clearing System

 126)   On 2nd May 2014, India has strongly objected to Switzerland's denial of information about account details of certain Indians at ______________ accounts in Switzerland.
 a)  HSBC
 b)  HDFC
 c)  DFLC
 d)  HTPC
 e)  None of these

 127)India and Asian Development Bank (ADB) signed an agreement for $300 million loan to improve road connectivity in which state ?
 a)  Uttar Pradesh
 b)  Andhra Pradesh
 c)  Odisha
 d)  Chattisgarh
 e)  Jharkhand

128)   The delivery channel for the banking sector in India is ?
 a)  Call Centre
 b)  Branch
 c)  Internet
 d)  Kiosk
 e)  All of the above

 129)   Which of the following functions is NOT performed by the Reserve Bank of India ?
 a)  Regulation of banks in India
 b)  Regulation of foreign direct investment in India
 c)  Foreign Currency management in India
 d)  Control and supervision of money supply
 e)  None of the above

 130)   ___________ High Court in India on 2nd April 2014 restored the power of the Reserve Bank of India to decide the period after which the bad loan can be called as a Non-Performing Asset (NPA) ?
 a)  AP
 b)  Tamil Nadu
 c)  Gujarat
 d)  Assam
 e)  None of these

 131)   On 25th March 2014, which Public Sector Bank became the first bank in India to launch Instant Money Transfer (IMT) scheme in Mumbai ?
 a)  IOB
 b)  UCO
 c)  UBI
 d)  SBI
 e) BOI

 132)   RBI issued uniform accounting standards for ARCs with regard to acquiring non-performing loans, recognizing revenue and management fees to ensure common treatment for firms. ARC stands for ?
 a)  Asset Roll Companies
 b)  Area Reconstruction Companies
 c)  Asset Reconstruction Companies
 d)  Asset Reconstruction Co-ordinates
 e)  None of these

133)   Qatar based Doha Bank declared to open its first branch in which of the following Indian cities ?
 a)  Hyderabad
 b)  Mumbai
 c)  Pune
 d)  Kolkata
 e)  Kochi

 134)   The Government of India and World Bank Sign $500 Million Agreement recently to Improve Rural Water Supply and Sanitation Services in Four Indian States. What are these states ?
 a)  Assam, Bihar, Jharkhand and Uttar Pradesh
 b)  Manipur, Bhopal, Odisha and Bangalore
 c)  Chennai, Bhopal, Bihar and Jharkhand
 d)  Uttar Pradesh, Assam, Bihar and Chennai
 e)  Assam, Jharkhand, Bihar and Bangalore

 135)   Who amongst the following Padma Bhushan awardees is a famous Banker ?
 a)  Azim H Premji
 b)  Kapila Vatsyayan
 c)  Chanda Kochhar
 d)  Waheeda Rahman
 e)  Brajesh Mishra

 136)While discussing investments, there is a mention of short term government security. What is this investment ?
 a)  Debenture
 b)  Mutual Funds
 c)  Treasury Bill
 d)  Share
 e)  None of these

137)RBI on 1st April 2014, adopted which index as the key measure of Inflation on the basis of recommendations of Urjit R Patel Committee report on Revising and Strengthening the Monetary Policy Framework ?
 a)  Consumer Price Index
 b)  Rooming Price Index
 c)  Manufacturing Price Index
 d)  Wholesale Price Index
 e)  None of these

 138)In its first bi-monthly monetary policy statement issued on 1st April 2014, the RBI announced which major relief for saving bank account holders ?
 a)  KYC documents not necessary
 b)  Signature may not be tallied
 c)  Account holder not responsible for the deposited funds, so he is indirectly allowed to do money laundering
 d)  Banks to cut down services on low-balance accounts and do away with fines
 e)  None of these

 139)   Which one of the following is a retail banking product ?
 a)  Home Loans
 b)  Working capital finance
 c)  Corporate Term loans
 d)  All the above
 e)  None of these

 140)Which bank's Blood Donation Drive set a Guinness World Record as the organizer of the “Largest Blood Donation in a single day” in the world ?
 a)  Axix Bank
 b)  SBI
 c)  HDFC
 d)  BOB
 e)  Canara Bank

 141)  "India's International Bank" is the tagline of which of the following banks ?
       a)  State Bank of India
       b)  Andhra Bank
       c)  Punjab National Bank
       d)  Bank of Baroda
       e) None of these

 142)ASBA (Application Supported by Blocked Amounts) used with the help of banks associated with ____________
 a)  Capital Market
 b)  Loans
 c)  World Bank Grants
 d)  Ponzi Schemes
 e)  None of these

 143)RBI has capped the Ways and Means Advances (WMA) limit for the central government for the first half of the new financial year 2015 at ?
 a)  Rs. 25,000 cr
 b)  Rs. 30,000 cr
 c)  Rs. 35,000 cr
 d)  Rs. 40,000 cr
 e)  Rs. 45,000 cr

 144)   The Govt. of India has authorized the Reserve Bank of India (RBI) to issue debt instruments up to a ceiling of ____________ under the Market Stabilization Scheme (MSS) for the fiscal 2014-15 ?
 a)  Rs. 20,000 Cr
 b)  Rs. 30,000 Cr
 c)  Rs. 40,000 Cr
 d)  Rs. 70,000 Cr
 e)  Rs. 50,000 Cr

 145)Over a decade after the state-run banks launched Kisan Credit Cards, which of the following private sector lenders introduced its own card "KIsan Card" through which a farmer can withdraw up to Rs. 1 lakh per day from Automated Teller Machines (ATMs) ?
 a)  HDFC
 b)  Indusland Bank
 c)  ICICI
 d)  Federal Bank
 e)  Axis Bank

146)Usually RBI will have 4 deputy governors. By 1st may there were only 3 Deputy Governors. They are H. R. Khan, Urjit Patel and ____________ ?
 a)  R. Gandhi
 b)  Aravind Mayaram
 c)  Usha Thorat
 d)  Syamala Gopinath
 e)  None of these

147)   We often hear about the term KYC in financial news papers. Which of the following documents will be accepted by banks as proof of your correct residential address ?
 a)  Telephone bill
 b)  Bank account statement
 c)  Letter from any recognized public authority
 d)  Letter from employer (subject to satisfaction of the bank)
 e)  All the above

 148)   Reserve Bank of India (RBI) sold SDRs to the International Monetary Fund (IMF) for ferim payment to the government. SDR stands for ?
 a)  Share Drawing Rights
 b)  Structural Drawing Rights
 c)  Special Drawing Rights
 d)  Systematic Drawing Rights
 e)  Sovereign Drawing Rights

 149)On 9th May 2014, RBI barred Indian companies from raising money form subsidiaries of Indian banks overseas through ECBs to refinance rupee loans. ECB stands for __________
 a)  Easy Commercial Borrowings
 b)  Early Commercial Barrowings
 c)  Entry Commercial Borrowings
 d)  External Commercial Borrowings
 e)  External Core Borrowings

 150)   On 24th June 2014, the Union Government granted "Navaratna Status" to which among the following companies ?
 a)  EIL
 b)  NBCC
 c)  Both 1 and 2
 d)  GAIL
 e)  None of these

 151)   According to ASSOCHAM studies, which among the following states has been emerging as major destination for domestic tourists ?
 a)  Gujarat
 b)  Maharashtra
 c)  Madhya Pradesh
 d)  Andhra Pradesh
 e)  Arunachal Pradesh

 152)   As per the ASSOCHAM Report 2014, which among the following States has emerging as a prominent manufacturing investment hub in the country ?
 a)  Tamil Nadu
 b)  Maharashtra
 c)  Gujarat
 d)  Madhya Pradeh
 e)  None of these

 153)Who commissioned 68 MW unit at the Rampur Hydro Electric Project in Himachal Pradesh ?
 a)  BHEL
 b)  Tata Power
 c)  Torrent Power
 d)  Adani Power
 e)  Ambani Power

154)The 23rd World Economic Forum on East Asia was recently concluded in ?
 a)  Thailand
 b)  Philippines
 c)  Vietnam
 d)  Indonesia
 e)  China

155)The share of deposits that banks must maintain in safe and liquid assets such as government securities, is known as ?
 a)  repo rate
 b)  reverse repo rate
 c)  SLR
 d)  CRR
 e)  bank rate

156)According to the latest available data (as of June 2014), what was the India's economic growth in 2013-14 ?
 a)  4.7%
 b)  7.4%
 c)  3.4%
 d)  7.3%
 e)  6.3%

 157)   The Purchasing Manager's Index (PMI) is an economic gauge for measuring the well being of which among the following ?
 a)  Manufacturing
 b)  Retail
 c)  Real Estate
 d)  Agriculture
 e)  Small Scale Industries

 158)What is the objective of the government behind setting up a Minimum Export Price (MEP) for a particular commodity ?
 a)  To promote exports
 b)  To discourage exports
 c)  To check price rise
 d)  To provide subsidy to producers
 e)  None of these

 159)According to SEBI's new slew of reforms, all listed companies including PSUs must have public shareholding of ?
 a)  20%
 b)  15%
 c)  25%
 d)  10%
 e)  16%

 160)   Who was recently named as the India's Governor on the Board of Governors of the Asian Development Bank (ADB) ?
 a)  Arun Jaitley
 b)  P. Chidambaram
 c)  Raghuram Rajan
 d)  Arvind Mayaram
 e)  D. Subba Rao

161)  S. K. Jain was arrested by the Central Bureau of Investigation in connection with a bribery case on 2nd August 201d) He was the Chairman and Managing Director of which of the following public sector banks ?
    a)  Canara Bank
    b)  Vijaya Bank
    c)   Allahabad Bank
    d) Bank of India
    e)  Syndicate Bank

 162)On 3rd June 2014, RBI reduction in liquidity provided under the export credit refinance facility to 32 per cent of eligible export credit outstanding from __________ per cent earlier.
 a)  75
 b)  90
 c)  45
 d)  40
 e)  50

 163)Whose prior written permission is necessary for any takeover or acquisition or control of an NBFC (Non-Banking Finance Company) ?
 a)  SEBI
 b)  Ministry of Finance
 c)  NABARD
 d)  SBI
 e)  RBI

 164)   On 29th May 2014, India was granted $ 1006. 20 million for Sarva Shiksha Abhiyan III, the largest outgoing Education for All programmer in the world, by which organization ?
 a)  IDA
 b)  ADB
 c)  ODA
 d)  IMF
 e)  World Bank

165)   Hiroshi Naka was appointed as the Vice President and Auditor General of which organization recently ? a)  IDA
 b)  IMF
 c)  World Bank
 d)  AFD
 e)  None of These

166)   Which bank's name included in Second Schedule of RBI Act, 1934 on 21st May 2014 ?
 a)  BOB
 b)  NABARD
 c)  BMB
 d)  CITI Bank
 e)  ABN AMRO

 167)   Now the minors of which age above can open Savings bank accounts ?
 a)  11
 b)  18
 c)  9
 d)  10
 e)  15

168)   RBI has recently allowed banks to provide loans with tenures of up to ___________ years to exporters to help them ensure capital flows to fulfill long term contracts.
 a)  8
 b)  5
 c)  10
 d)  4
 e)  9

 169)   First state cooperative bank to have its own "Ru-Pay" ATM cum Debit Card is ?
 a)  HP
 b)  Bihar
 c)  AP
 d)  Rajasthan
 e)  None of these

 170)   Recently which financial organization has came under the scanner of IRDA for alleged irregularities in implementation of govt. sponsored insurance schemes meant for poor people.
 a)  Bajaj Allianz
 b)  LIC
 c)  ICICI Lombard
 d)  Bharti Axa
 e)  None of these

 171)   In the context of banking sector, DRT is associated with ?
 a)  Recurring deposits
 b)  Demand and time liabilities of banks
 c)  Deposit insurance
 d)  Loan recovery
 e)  None of these

 172)   Reserve Bank of India has extended the timeline for full implementation of the Basel III Capital regulations by a year to _______ recently.
 a)  31st March 2018
 b)  31st March 2029
 c)  31st March 2019
 d)  31st March 2021
 e)  None of these

173)   A recent RBI report has revealed that PSBs will required up to ___________ core capital by March 2018 as they migrate to the capital intensive Basel III frame work.
 a)  Rs. 5.2 tn
 b)  Rs. 5.4 tn
 c)  Rs. 5.8 tn
 d)  Rs. 8.2 tn
 e)  None of these

 174)   What is the condition for a bank to be called a "Scheduled Bank" ?
 a)  Its business has to be crossed Rs. 1000 Cr mark
 b)  Its branch network should be over 100
 c)  It should be included in the second schedule of the RBI act
 d)  It should comply with all the above conditions
 e)  None of these

 175)   The Export-Import Bank of India (EXIM Bank) has, at the behest of the Govt of India, extended a Line of Credit of $89.90 mn to which of the following countries, for developing transportation system recently ?
 a)  Cameroon
 b)  Nigeria
 c)  Tanzania
 d)  Kenya
 e)  Republic of Congo

 176)   Ending days of suspense, the RBI granted banking license to IDFC and micro-finance institution Bandhan Recently.  The in-principle approval granted will be valid for a period of ________comply completely with the requirements.
 a)  6 months
 b)  9 months
 c)  12 months
 d)  15 months
 e)  18 months

 177)   The debit card holder can perform which of the following functions ?
 a)  Make Point of Sale (POS) purchase
 b)  Recharge Pre-paid mobile phones
 c)  Pay Life Insurance premium
 d)  Make donation
 e)  All of the above

 178)   RBI has recently announced to release the REER based on the Consumer Price Index (CPI) only from the financial year that began on 1st April 201d) Expand the term REER.
 a)  Real External Exchange Rate
 b)  Real Established Exchange Rate
 c)  Real Effective Exchange Rate
 d)  Real Effective Exchange Ratio
 e)  Real Estate Exchange Rate

 179)   In which of the following types of banking, the banks offer all types of financial services to expand their business ?
 a)  Narrow banking
 b)  Social banking
 c)  Universal banking
 d)  Wholesale banking
 e)  Retail banking

 181)  Which of the following functions are not being performed by the Reserve Bank of India ?
 a)  Regulation of banks in India
 b)  Foreign currency management in India
 c)  Regulation of foreign direct investment in India
 d)  Control and supervision of money supply
 e)  None of these

 181)  On 21st June 2014, the Indian Government accepted the report of Arvind Mayaram Committee on rationalizing definitions of FDI and FII. As per this report, foreign investment of __________ or more in a listed company will now be treated as FDI ?
    a)   6%
    b)   10%
    c)  18%
    d)   92%
    e)  78%

 182)   Recently, the Reserve Bank of India (RBI) has hiked the rupee limit for residents and non-residents for traveling abroad. The amount permissible was _________ in Indian currency notes while leaving the country ?
 a)  Rs. 85,000
 b)  Rs. 68,000
 c)  Rs. 25,000
 d)  Rs. 10,000
 e)  Rs. 35,000

 183)   According to the RBI guidelines, what fraction of the branches are mandatory to be opened in rural areas by newly licensed banks ?
 a)  20
 b)  25
 c)  30
 d)  35
 e)  40

 184)    An RBI Panel on 13th May 2014, has recommended that the government should reduce its holding on public sector banks to below 50%. This panel was headed by ?
 a)  Chakravarthi
 b)  Narasimham
 c)  P. J. Nayak
 d)  Raghuram Rajan
 e)  Nandan Nilekhani

 185)   International Comparison programme has been in the news recently, it is associated with which of the following organizations ?
 a)  IMF
 b)  World Bank
 c)  UNESCO
 d)  EU
 e)  RBI

 186)   Which of the following International organizations has approved $17 billion bailout for Ukraine ?
 a)  IMF
 b)  World Bank
 c)  WTO
 d)  RBI
 e)  SEBI

 187)   GIRO Advisory Group (GAG) has submitted its report on  the mechanisms and structure of a nation wide bill payment service to the Reserve Bank of India (RBI) recently. Who is the chairman of GAG ?
 a)  C. Rangarajan
 b)  Vijay Kelkar
 c)  Suresh Tendulkar
 d)  Umesh Bellur
 e)  Raghuram Rajan

 188)   Expand GIRO ?
 a)  Government Internal Revenue Order
 b)  Government International Ratio Outcome
 c)  Government Input Revenue Output
 d)  Government Internet Revise Order
 e)  Government Intermediaries Ratio Outcome

 189)   Recently, New banking licenses are approved for which of the following ?
 a)  EXIM Bank and IDFC
 b)  IDFC and Bandhan Financial Services Pvt. Ltd
 c)  DHFL and IDFC
 d)  DHFL and Bandhan Financial Services Pvt. Ltd
 e)  None of these

190)   IDFC Limited is India's leading integrated infrastructure finance player providing end to end infrastructure financing and project implementation services. Expand IDFC ?
 a)  Infrastructure Development Finance Company
 b)  International Development Finance Company
 c)  International Design of Fashion Company
 d)  Indigenous Development Funding Company
 e)  Infrastructure Development Funding Company

 191) Who is the Currently Appointed Chairman and Managing Director (CMD) of Allahabad Bank ?
 a)  Rakesh Sethi
 b)  Tilak Raj Chawla
 c)  A. Udgata
 d)  Shashank Saxena
 e)  Shashikant Sharma

 192)   Bharatiya Mahila Bank (India's First All Women Bank) tied up with which Public Sector General Insurance Company for launching 3 Health Insurance Schemes for their women account  holders ?
 a)  Oriental Insurance Co.Ltd
 b)  Life Insurance Corporation of India
 c)  National Insurance Co. Ltd
 d)  New India Assurance Co. Ltd
 e)  United India Insurance Co. Ltd

 193)   Recently who has been appointed as the President of Administrative Tribunal of the Asian Development Bank (ADB) ?
 a)  Lakshmi Swaminathan
 b)  Roy Lewis
 c)  Gillian Triggs
 d)  Christine Griffiths
 e)  D. P. Agrawal

194)   According to UNCTAD's World Investment Report 2014, which country has been ranked top in terms of most favored FDI destination ?
 a)  Nepal
 b)  Burma
 c)  China
 d)  Indonesia
 e)  India

 195)   The Reserve bank of India (RBI) on 3rd March 2014, extended the date for exchange of the pre-2005 banknotes to _____________. The RBI, in its latest release, had advised the banks to facilitate the exchange of these notes for full value and without causing any inconvenience to the public.
 a)  30th September 2014
 b)  1st January 2015
 c)  16th December 2015
 d)  1st January 2016
 e)  8th November 2015

196)Which bank became the first state-run lender to allow withdrawal of funds from its ATMs without a debit card ?
 a)  State Bank of India
 b)  Bharatiya Mahila Bank
 c)  Bank of India
 d)  Andhra Bank
 e)  Dena Bank

 197)   The All India Coordinated Cotton Improvement Project (AICCIP) of Indian council of Agricultural Research (ICAR) is located at ?
 a)  Nagpur
 b)  Bangalore
 c)  Chennai
 d)  Coimbatore
 e)  Nellore

198)   On 20th June 2014, Indian Railways increased the passenger fare by 1d)2% in all classes and freight charges by how many percent ?
 a)  6.4%
 b)  6.5%
 c)  6.7%
 d)  6.8%
 e)  6.9%

 199)   According to the World Bank report released on 29th April 2014, India has replaced which country to become third largest economy based on Purchasing Power Parity (PPP) ?
 a)  Russia
 b)  Singapore
 c)  Netherlands
 d)  Japan
 e)  Pakistan

 200)   Who is the New Country Director of Asian Development Bank ?
 a)  M. Teresa Kho
 b)  Poornima Prasad
 c)  Narahari Rao
 d)  K. Balaji
 e)  Sirajuddin Qureshi

 201)  Which state scored the highest in monthly per capita consumer expenditure (MPCE) for rural areas in the recently released ranking by the National Sample Survey Organization (NSSO) ?
    a)   Kerala
    b)   Gujarat
    c)   Punjab
    d)  Odisha
    e)   Bihar

 202)   Which state scored the highest in monthly per capita consumer expenditure (MPCE) for urban areas in the recently released ranking by the National Sample Survey Organization (NSSO) ?
 a)  Bihar
 b)  Delhi
 c)  Haryana
 d)  Kerala
 e)  Tamilnadu

203)   According to Forbes 2014 list, how many billionaires are Indians ?
 a)  57
 b)  58
 c)  59
 d)  60
 e)  65

 204)   The President of India dedicated ‘RuPay’ to the nation on 8th May 201d) It is a ?
 a)  Social Networking Website
 b)  Rural Bank
 c)  Self Help Group
 d)  India's own Card Payment Network
 e)  Open Source Software for Banking

 205)    Which of the following domestic card schemes was created to fulfill the Reserve Bank of India’s desire to have a domestic, open loop, and multilateral system of payments in India ?
 a)  RuPay
 b)  PayPal
 c)  BitCoin
 d)  RuPee
 e)  None of these

 206)   'RuPay' has been developed by which organization ?
 a)  Reserve Bank of India (RBI)
 b)  IRCTC
 c)  SBI
 d)  National Payment Corporation of India
 e)  IMF

207)   Government is about to table PDMA Bill. What is PDMA about ?
 a)  Disability rights related
 b)  Handing Government borrowings
 c)  Land reform related
 d)  Public involvement in legislative process related
 e)  All of these

 208)   Which company owns Datsun brand which is now being re-launched as Datsun-Go ?
 a)  Renault Nissan
 b)  BMW
 c)  Maruti Suzuki
 d)  Honda
 e)  Hero

 209)   Who is the new MD & CEO of MCX (Multi Commodity Exchange) ?
 a)  Mr. Saurabh Sarkar
 b)  Dr. Anuj Vaish
 c)  Dr. Manoj Vaish
 d)  Mr. Shreekanth Javalgekar
 e)  Saurabh Sarkar

210)   Which state / union territory has became the First State in the country to withdrew FDI in Multibrand retail segment ?
 a)  Karnataka
 b)  Tamil Nadu
 c)  Delhi
 d)  Mumbai
 e)  Pune

211)   Name the World's Largest Dairy Player of France which has been entered Indian market by acquiring Indian Diary Products Company Tirumala Milk Products Private Limited ?
 a)  Groupe Latalis SA
 b)  Danone
 c)  Kerry Group
 d)  Diarygold Food Ingredients Ltd
 e)  None of these

 212)   What is the primary objective of The Land Acquisition, Rehabilitation and Resettlement Bill ?
 a)  Providing fair compensation to all those whose land has been taken
 b)  Providing fair compensation to farmers only
 c)  To help promote the irrigation
 d)  To ease norms of Land Acquisition by the companies
 e)  None of these

213)   Which bank has recently started "Tab Banking" service ?
 a)  SBI
 b)  HDFC
 c)  PNB
 d)  UBI
 e)  ICICI

 214)   Which banking service is helpful for customers to open Savings Bank accounts and to get in-principle housing loan approval at the doorstep ?
 a)  Net Banking Service
 b)  Tablet (Tab) Banking service
 c)  Jan Dhan Yojana
 d)  Credit Banking Service
 e)  Debit Banking Service

 215)   In which city Canara Bank has opened its office recently ?
 a)  New York
 b)  London
 c)  Beijing
 d)  Manila
 e)  Singapore

 216)   Who is the chairman of Bharatiya Mahila Bank ?
 a)  Ranjana Paintal
 b)  Indira Talwani
 c)  Usha Ananthasubramanian
 d)  Krishnan Nair
 e)  Ranjit Kumar

 217)   Which bank has been included into Scheduled commercial bank category by RBI recently ?
 a)  IDBI
 b)  HDFC
 c)  Bharatiya Mahila Bank
 d)  ICICI
 e)  SBI

 218)   Which organization releases the Gold Demand Trends report ?
 a)  RBI
 b)  World Bank
 c)  IMF
 d)  World Gold Council
 e)  None of these

 219)   A High Level panel has submitted report on Resolution Regime for Financial Institutions to RBI recently, The panel has been headed by ?

 a)  Anand Sinha
 b)  Arvind Mayaram
 c)  Sanjay Mishra
 d)  Pranabh Mukherji
 e)  M. J. Joseph

 220)   Which country has launched Bio Bank Imaging study project recently ?
 a)  USA
 b)  UK
 c)  Japan
 d)  Germany
 e)  China

 221)   According to Economic Survey, Indian Economy in 2014-15 is expected to grow in the range of ?
      a)4.2 to 4.8
      b)4.8 to 4.2
      c)4.9 to 4.6
      d)5.4 to 5.9
      e)5.5 to 5.8

   222)   Which one of the following schemes has been launched in Union Budget 2014 by Government for the welfare of girl child in India ?
    a)   Beti Samriddhi Yojana
    b)   Beti Bachao Beti Padhao
    c)  Beti Siksha Yojana
   d)   Beti Kalyan Yojana
    e)   Beti Bado Yojana

  223)   Which one of the following was launched in Union Budget 2014-15 ?
   a)Kisan Credit Card for Farmers
    b)  Kisan Beema for Farmers
    c)   Kisan TV for farmers
    d)   Kisan Bank for Farmers
   e)   Kissan Siksha Abhiyan for Farmers  

 224)   Which organization releases the World Investment Report ?
    a)  IMF
     b)   UNCTAD
     c)   World Bank
     d)   UNESCO
    e)  WTO

  225)  According to Rangarajan Committee on poverty line what is per per capita expenditure in rural and urban areas respectively ?
    a)   30 and 45 rupees
   b)   27 and 42 rupees
    c)   32 and 47 rupees
    d)   45 and 67 rupees
    e)  35 and 45 rupees

    226)   Recently, the Union Government has constituted a Special investigation Team (SIT) to unearth illicit   money. Who is the chairman of the SIT ?
    a)K. C. Chakravarthi
    b) M. B. Shah
    c)   Narasimham
    d)  M. B. Sohan
   e)   H. C. Nair

    227)   Who was re-appointed as the Deputy Governor of the Reserve Bank of India (RBI) recently by the Union Government ?
     a)   R. Gandhi
     b)   K. C. Chakraborthy
     c)  Harun Rashid Khan
    d)   Urjit Patel
    e)   Munish Sharde

  228)   Which of the following countries has announced 1 billion euro credit line to India recently ?
    a)   China
    b)   Japan
    c)   France
    d)   U.S.A
    e)   Russia

    229)   Which state has approved setting up of 500 water ATM in the state ?
    a)   Rajasthan
    b)   Dlehi
    c)   Gujarat
    d)  Himachal Pradesh
   e)   Haryana

  230)   The Statutory Liquidity Ratio (SLR), the amount of liquid assets such as cash, precious metals and other short term securities are kept with ?
    a)   RBI
    b)   Individual Banks
    c)   Finance Ministry
    d)   A bank designated by RBI
    e)   None of these

    231)Which online retail company has signed an agreement to boost micro, small enterprise business growth in India ?
    a)  Snapdeal
    b)   Amazon
    c)   Flipkart
    d)   Jabong
    e)  Rediff Shoping

    232)   According to US EIA report, India will become third largest consumer of oil by ?
    a)   2015
   b)   2020
   c)   2025
   d)   2030
   e)   2050

    233)   Recently India's Adani Group got approval for a $ 1e)46 billion coal mine development project in which state of Australia ?
    a)  Tasmania
    b)   Queensland
    c)   New South Wales
    d)   Victoria
    e)  None of these

    234)   India has emerged as third largest economy in a report released by the World Bank Recently, India has replaced which country ?
    a)   Brazil
    b)   Germany
    c)    China
    d)  Japan
    e) South Korea

    235)   Which among the following is World's Largest Securities settlement system ?
    a)   CIBI
    b)  Credil
    c)   RBI
    d) Euroclear
    e)   NABARD

    236)  If the government chooses to spend money freshly printed by the RBI against government securities, it should be kept in which among the following ?
    a)   Fiscal Adjustment
    b)   Deficit Financing
    c)  Mandatory Spending
    d)   Refinancing
    e)   Rural Development

 237)   Which Indian brand was the only Indian Retail brand to be listed in the 30 best Retail brands in Asia Pacific of the prestigious Inter-brand's  Best Retail Brands list for the year 2013 ?
    a)  Tanishq
    b)   Helios
    c)  Tata
    d)   Birla
    e)   Reliance
  238)   Which is the first Indian retail e-commerce to file for an initial public offering (IPO) on NASDAQ and to be listed on this US stock exchange ?
    a)   Quicker
    b)   Jabong
    c)   HomeShop18
    d)   OLX
    e)   Reliance

    239)   What is the objective of the government behind setting up a Minimum Export Price (MEP) for a particular commodity ?
    a)  To promote exports
    b)  To discourage imports
    c)   To check price rise
    d)   To provide subsidy to producers
    e)   To check financial inclusion
 
 240)  Which PSU has recently received the "Most Efficient Navaratna 2013 Honor" ?
    a)   BHEL
    b)   NTPC
    c)  HAL
    d)   SAIL
    e)  TATA Steel

  241)  Loan taken by the person, not telling the purpose of taking loan is called _____________
    a)   Impersonal loan
    b)   Personal loan
    c)  Purpose loan
    d)  Group loan
    e)   Go and Apply loan

 242)  Variable rate / Floating loan means ________________
 a)  Interest rate depends on the moment of foreign exchange rates fixed by RBI
 b)  Interest rate will change according to the increasing and decreasing movement of interest rates
 c)  Interest rate fixed by RBI regarding Repo Rate
 d)  Interest rate varied by RBI in the giving of loans to USA Companies alone.
 e)  None of these

 243)BSE Ltd (Bombay Stock Exchange)Established on ?
 a)  4th June 1975
 b)  9th June 1875
 c)  10th June 1985
 d)  19th June 1815
 e)  None

 244)   In which street in Mumbai, the BSE located ?
 a)  Gold Street
 b)  Cross street
 c)  Forward Street
 d)  Dalal Street
 e)  Key Street

 245)   Fixed-rate Loan means ______________
 a)  Loan with a set rate of interest that either does not vary for the entire life of the loan or is fixed for a specified period.
 b)  Loan with a set rate of interest that change for every 3 years and for a specified period as fixed by the bank for the least 15 years
 c)  Loan never set rate of interest that either does not vary for the entire life of the loan or is fixed for a specified period
 d)  No loan with a set rate of interest that either does not vary for the entire life of the loan or is fixed for a specified period.
 e)  None

246)   Prime Minister Narendra Modi launched his dream project to open at least one bank account to every household on 28th August 201d) Name it ?
 a)  Jan Dhan Yojana
 b)  Jan Gan Man Yojana
 c)  Jan Ran Yojana
 d)  Jan Bank Youjana
 e)  Jan Makan Yojana

 247)   Teaser loan means __________________
 a)  Interest not collected at all
 b)  Interest collected at more rates at the beginning and less during the later times.
 c)   Interest collected at less rate of inters at the beginning and less during the later times
 d)  Interest collected at more rates at the beginning and never collect rate of interest later times.
 e)  Interest collected at less rate of interest at the beginning and more during the later times.

248)   If a loan issued and supported only by the borrower's creditworthiness, rather than by a type of collateral, it is called _________________
 a)  Key loan
 b)  Collateral loan
 c)  Zero loan
 d)  Unsecured loan
 e)  Secured loan

 249)   If a loan offered at a rate above prime to individuals who do not qualify for prime rate loans is called _____________
 a)  Bank Rate loan
 b)  Primary lending loan
 c)  MOD prime loan
 d)  Sub prime loan
 e)  Prime loan

 250)   Amortized loan means _______________
 a)  Loan with scheduled periodic payments of both principal and interest
 b)  Government finance the banks to refinance the local money lenders
 c)  Giving huge loans to customers by taking the security
 d)  Not  providing cash to customers but providing loan in the form of goods
 e)  Loan given by RBI

 251)   Ballon Loan means ?
 a)  A loan offered at highest rate of interest for consumer loans
 b)  A loan which does not fully amortize over its term
 c)  Loan offered to joint borrowers only
 d)  Loan offered to the Large scale industries
 e)  None

252)   In the first half of 2013-14 the bank loans grow by what percent ?
 a)  101%
 b)  6.9%
 c)  8.1%
 d)  10.1%
 e)  None

 253)   On 28th October 2013, which scheme was launched in Dubai to provide pension and life insurance benefits to overseas workers ?
 a)  Indira Gandhi Pravasi Suraksha Yojana
 b)  Pradhanmanthri Pravasi Suraksha Yojana
 c)  Mahatma Gandhi Pravasi Samrakshana Youjana
 d)  Mahatma Gandhi Videshi Samrakshana Youjana
 e)  Mahatma Gandhi Pravasi Suraksha Yojana

 254)  World Standards Day is observed on ?
 a)  14th September
 b)  14th October
 c)  14th November
 d)  14th December
 e)  14th January

 255)   India's First Dedicated Education Loan Company CREDILA is the associate body of ___________
 a)  SBI
 b)  Andhra Bank
 c)  United Bank of India
 d)  HDFC
 e)  SBH

 256)   CER was established to prevent frauds in loan cases involving multiple lending from different banks on the same immovable property. CER means ?
 a)  Central Electronic Recognition
 b)  Central Ethics Registry
 c)  Central Electronic Registry
 d)  Central Election Registry
 e)  Central Entry Registry

257)   The loan taken for the purpose of doing business is called ?
 a)  Commercial Loan
 b)  Business loan
 c)  Employment Loan
 d)  Property Loan
 e)  Enterprise Loan

 258)   Indian Bank's Association's annual Banker's Conference (BANCON) held between 15th and 16th November 2013 at Mumbai hosted by _____________
 a)  Corporation Bank
 b)  IOB
 c)  SBI
 d)  Bank of India
 e)  OBC

 259)   BANCON 2013 theme was _____________
 a)  'Financial Inclusion is must for India'
 b)  'Bank of the future-gearing up to meet the emerging environment'
 c)  'Banks are for you'
 d)  'Bank for the Growth of Economy' and 'We deserve it'
 e)  None

 260)   Example for Non-commercial loan are
 a)  Agriculture Loan
 b)  Loans to BPL families
 c)  Loans to SHG
 d)  Loans to SC and ST Communities
 e)  All the above

 261)  The formal way of lending includes ____________
    a)  Private Sector Banks
    b)   Co-operative Banks
    c)   Public Sector Banks
    d)   RRBs
    e)   All of above

262)The village people take more loans from non-institutional sources (informal route). It includes ________
 a)  Scheduled banks
 b)  Public sector banks
 c)  Co-operative banks
 d)  Rural banks
 e)  Money Lenders

 263)Soft loan characteristic feature is ____________
 a)  Shot period and more rate of interest
 b)  Long period and more rate of interest
 c)  Long period, more rate of interest with grace period
 d)  Long period, less rate of interest with grace periods
 e)  Long period, more rate of interest with no grace periods

 264)   "Loan Servicing" means ?
 a)  Lending the money
 b)  A mortgage bank or sub-servicing firm collects the timely payment of interest and principal from borrowers.
 c)  Helping the customer to get loan in other banks by providing the details of the running account.
 d)  Giving a loan if the customer has any deposit
 e)  Giving second loan after payment of first loan regularly

265)   A loan allows the person to pursue higher studies is ______________
 a)  Education Loan
 b)  Higher studies loan
 c)  College Admission loan
 d)  Passing Loan
 e)  Graduation Loan

 266)   Who headed the study group constituted by Indian Banks Association to give the recommendations on Education Loans ?
 a)  Dantelwala
 b)  N. Kishore Chaudari
 c)  R. J. Kamath
 d)  C. Ranga Rajan
 e)  None of these

267)   As per the direction given by the Reserve Bank of India on 19th November 2013, the publis sector banks should provide loans to women self help groups at a rate of _________ per anum, so as to get the benefit of interest rate subvention scheme under Swarnajayanti Gram Swarozgar Yojana-Aajeevika.
 a)  7  %
 b)  10%
 c)  e)5%
 d)  8.25%
 e)  None of these

 268)When any asset ceases to generate income for the bank, it is called ____________
 a)  Zero Asset
 b)  Profitable Asset
 c)  Non-Performing Asset
 d)  Performing Asset
 e)  None of these

 269)   IIFCL recently decided to go for the $5 billion Line of Credit (LOC) due to project delays. IIFCL stands for _____________
 a)  India Infrastructure Finance Consortium Limited
 b)  India Indemnity Finance Company Limited
 c)  India Infrastructure Fund Company Limited
 d)  India Infrastructure Finance Company Limited
 e)  International Infrastructure Finance Company Limited

 270)   Which of the following statements is wrong regarding Non-Performing Assets (NPA) ?
 a)  Installment of principal or interest thereon remains overdue for two crop seasons for short duration crops
 b)  Amount of liquidity facility remains outstanding for more than 90 days, in respect of a securitization transaction undertaken in terms of guidelines on securitization dated 1st February 2006.
 c)  Installment of principal or interest thereon remains overdue for two crop seasons for long duration crops
 d)  All of these
 e)  1 & 2

271)   In a news paper it is read that 'Higher provisioning erodes public sector bank's profit'. Here 'provisioning' relates to ?
 a)  Daily Expenses
 b)  Cost to erect ATMs
 c)  Conducting exams to recruit new personnel
 d)  Bad loans
 e)  Establish new branches

272)   National Housing Bank Act was passed by Indian Parliament in __________
 a)  1991
 b)  1994
 c)  2000
 d)  1987
 e)  2001

 273)   National Housing Bank was set up on 9th July of which year ?
 a)  2005
 b)  2014
 c)  1991
 d)  1988
 e)  2000

 274)   Who headed the High Level Group to examine the proposal and recommended the setting up of National Housing Bank (NHB) ?
 a)  Prabhakaran C
 b)  Wanchoo
 c)  Dr. C. Rangarajan
 d)  Narasimham
 e)  K. C. Charavarthy

 275)   NHB Head office is located in ?

 a)  Kolkata
 b)  Hyderabad
 c)  Lucknow
 d)  New Delhi
 e)  Mumbai

276)   'Promoting Inclusive expansion with stability in housing finance market' is the vision of __________
 a)  NHB
 b)  NABARD
 c)  ICICI
 d)  EXIM Bank
 e) SBI

277)   Present Chairman of NHB is ?
 a)  R. V. Verma
 b)  K. R. Kamath
 c)  Prakash Bakshi
 d)  T. C. A. Ranganathan
 e)  None of these

 278)   Loan given for undertaking repairs, renovations and / or upgradation is called
 a)  Home Damage Loan
 b)  Home Improvement Loan
 c)  Home Makeup Loan
 d)  Home Custody Loan
 e)  Home Consumption Loan

279)   Important statements of Bridge Loan in Home Loan given. Pick the wrong statement ?
 a)  Bridge Loan also available in Home Loans
 b)  It is designed for people who wish to sell the existing home and purchase another
 c)  It helps finance the new home, until a buyer is found for the old home
 d)  It is not available in Metro cities
 e)  None

280)   Non-Performing Assets (NPA) includes
 a)  Interest and / or installment of principal remain overdue for a period of more than 90 days in respect of a term loan
 b)  The account remaining 'out of order' for a period of more than 90 days in respect of an overdraft / cash credit
 c)  The bill remains overdue for a period of more than 90 days in the case of bills purchased and discounted
 d)  All the above
 e)  None of the above

 281)  Which among the following statements is incorrect ?
    a)  RBI is a Banker to the Government of India
    b)   RBI frames and administers the Monetary Policy of India
    c)  RBI imposes taxes when the deposits of banks are decreased
    d)  RBI deals with the borrowing programs of Government of India
    e)  None

 282)Recently, the Central Bureau of Investigation (CBI) has arrested S. K. Jain. Mr Jain is the Chairman of which bank ?
 a)  ICICI Bank
 b)  Bank of Baroda
 c)  Syndicate Bank
 d)  IDBI Bank
 e)  Punjab National Bank

 283)   Andhra Bank's head office is at Hyderabad. Pick the correct statement relating to Andhra Bank.
 a)  Andhra Bank was founded by the eminent freedom fighter Dr. Bhogaraju Pattabhi Sitaramayya
 b)  The Bank commenced business on 28th November 1923 with an authorized capital of Rs. 10.00 lakhs
 c)  Andhra Bank's new mascot is Dolphin named DOLLe
 d)  Friendly, Intelligent, Responsive are the mascot slogans of Andhra Bank
 e)  All the above statements are correct

 284)   Which bank launched a mobile wallet 'Mobicash' in partnership with Oxigen Services (India) ?
 a)  Dhanalakshmi Bank
 b)  HDFC Bank
 c)  State Bank of India
 d)  Corporation Bank
 e)  United Bank of India

 285)   On 24th July 2014 the world bank announced that it is ready to commit how much money to support India over the next three years ?
 a)  $15-18 billion
 b)  $ 28-29 billion
 c)  $ 1-5 billion
 d)  $ 3-8 billion
 e)  $ 18-26 billion

 286)   From January 2010, with which bank, Bank of Baroda and Legal & General (UK) commenced a Life Insurance Joint Venture by name M/s India First Life Insurance Co Ltd ?
 a)  Andhra Bank
 b)  Allahabad Bank
 c)  Union Bank of India
 d)  Bharatiya Mahila Bank
 e)  ICICI

287)   International Day of Rural Women is observed on ?
 a)  September 15
 b)  July 15
 c)  December 15
 d)  October 15
 e)  November 15

 288)   Which among the following term is not used in Economics ?
 a)  Elasticity
 b)  WPI
 c)  Continental Drift
 d)  Balance of Trade
 e)  Fiscal Deficit

 289)   For declaring dividend, banks should have a CRAR of at least ____% for the preceding 2 years, and net NPA of less than _____%
A. 11, 3     

B.  9,  7    

C. 10,   5     

D. 9,  5
E. None of these

 290)   The RBI on 30th June 2011 liberalized foreign direct investment norms allowing corporates to pay for import of _________ by issuing equity to their suppliers
 a)  Capital goods
 b)  Machinery
 c)  Equipment
 d)  All the above
 e)  None of these

 291)   Recently on 15th July 2014, the European Parliament elected "Jean-Claude Juncker" in a secret ballot as President of the new European Commission. He is going to take office from ?
 a)  1st November 2014
 b)  1st December 2014
 c)  1st January 2015
 d)  1st September 2014
 e)  1st October 2014

 292)   The minimum number of votes required to elect the president of European Commission are ?
 a)  256
 b)  376
 c)  564
 d)  895
 e)  265

 293)   Largest public sector bank in India is ?
 a)  Punjab National Bank
 b)  State Bank of India
 c)  Canara Bank
 d)  Allahabad Bank
 e)  ICICI Bank

 294)   Public Sector Banks include ?
 a)  20 Nationalized Banks + State Bank of India + 5 SBI Associates + IDBI
 b)  20 Nationalized Banks + 6 Private Banks
 c)  14 Nationalized Banks + 6 SBI Associates + 7 Private Banks
 d)  20 Nationalized Banks + State Bank of India + 5 Private Sector Banks + IDBI
 e)  19 Nationalized Banks + State Bank of India + 6 SBI Associates

 295)   Which commission distributes the taxes between centre and states ?
 a)  Planning Commission
 b)  Board of Direct Taxes
 c)  Finance Commission
 d)  National Development Counsel
 e)  National Advisory Council

 296)   13th Finance Commission chairman is ?
 a)  Vijay C. Kelkar
 b)  Harinarayana. J
 c)  Yougesh Agrawal
 d)  Y. V. Reddy
 e)  U. K. Sinha

 297)    14th Finance Commission chairman is ?

 a)  Vijay C. Kelkar
 b)  Harinarayana. J
 c)  Yougesh Agrawal
 d)  Y. V. Reddy
 e)  U. K. Sinha

 298)   List of Abbreviations given. Pick the wrong one ?
 a)  NALSA - National Legal Services Authority
 b)  Housing Development Finance Corporation (HDFC)
 c)  The Industrial Development Bank of India (IDBI)
 d)  Industrial Credit and Interchange Corporation of India (ICICI)
 e)  United Commercial Bank (UCO)

 299)   Reserve Bank of India is funding to encourage advance training and research on banking issues, economic Growth. It is funding National Institute of Bank Management (NIBM) at ____________
 a)  Pune
 b)  Delhi
 c)  Kolkata
 d)  Hyderabad
 e)  Indore

 300)   Where is the Indira Gandhi Institute of Development and Research (IGIDR) ? This Research Institute is funding by Reserve Bank of India.
 a)  Hyderabad
 b)  Bhopal
 c)  Mumbai
 d)  Thiruvanantapuram
 e)  Kanyakumari

301)  Who invented the first operational ATM ?
    a)   John Canner
    b)  John Smith
    c) John Shepherd-Barron
    d)  John Carter
    e)   John Sayer

302)   ATM Stands for ?
a)  Automated Teller Machine
 b)  Automatic Teller Machine
 c)  Automated Teller Memory
 d)  Any Time Money
 e)  All Time Money

303)   On 27th June 1967, which bank installed the first ATM in North London ?
 a)  Citi Bank
 b)  SBI
 c)  Bank of London
 d)  SCB
 e)  Barclays Bank

304)   Which is the first bank to introduce ATM in India in the year 1987 ?

 a)  SBI
 b)  Bank of Baroda
 c)  HSBC
 d)  NABARD
 e)  Allahabad Bank

 305)   The other name of ATM using by many banking agencies in the world is ?
 a)  Automated Banking Machine
 b)  Cash Point
 c)  Cash Pick
 d)  Cash Machine
 e)  All of the above

 306)   PIN means ?
 a)  Personal Identification Number
 b)  Personal Identification Numeral
 c)  Professional Identification Number
 d)  Pure Identification Number
 e)  Public Identity Number

 307)   Usually, every ATM card will have CVV number. What is meant by CVV ?
 a)  Card Verification Value
 b)  Certificate Value Voice
 c)  Circular Verification Value
 d)  Core Verification Value
 e)  Cash Verification Value

 308)   Diebold is a famous ATM manufacturing company. This company is located in ?
 a)  UK
 b)  Japan
 c)  Australia
 d)  USA
 e)  Japan

 309)   Which Indian Bank has largest number of ATMs in India ?
 a)  ICICI
 b)  Bank of Baroda
 c)  SBI
 d)  BOB
 e)  Allahabad Bank

 310)   If the ATM hardware as well as lease is under the ownership of the service provider, while connectivity and cash handling and management is the responsibility of the sponsor bank, that ATM is called ?
 a)  Orange ATM
 b)  Black ATM
 c)  Blue ATM
 d)  Brown ATM
 e)  Green ATM

 311)   What is the required minimum worth of any NBFC (Non Banking Financial Company) should have to set up White Label ATMs ?
 a)  50 Crores
 b)  75 Crores
 c)  100 Crores
 d)  1000 Crores
 e)  500 Crores

312)   State Bank of India ties up with Banco Bibao Vizcaya Argentaria, S.A (BBVA) to develop business operations. Banco Bibao Vizcaya Argentaria head office is located in ?
a)  Sweden
 b)  Malaysia
 c)  Argentina
 d)  Spain
 e)  India

 313)   First Indian IMGC has set up by NGH (National Housing Bank), IFC (International Finance Corporation), US based Gen worth and ADB (Asian Development Bank). IMGC stands for ?
 a)  Indian Mortgage Guarantee Company
 b)  Indian Money Guarantee Company
 c)  Indian Maturity Guarantee Corporation
 d)  International Money Guarantee Company
 e)  None of these

 314)   Which International Monetary Organization funded North East Rural Livelihood Project (NERLP) in the four states of Mizoram, Nagaland, Sikkim and Tripura ?
 a)  IMF
 b)  ODA
 c)  World Bank
 d)  USAID
 e)  IFC

315)   Which Indian Banking Group has attained more than 51,000 ATMs by 31st March 2014 ?
 a)  Indian Bank
 b)  Union Bank of India
 c)  SBI (including it's associates)
 d)  ICICI
 e)  Punjab National Bank

316)   SBI has become the first bank to install an ATM at Drass of  Jammu & Kashmir Kargil region, making it the 27,032nd branch of the Bank on 27th July 201b) What is the importance of Drass ?
 a)  Drass is in Bangladesh
 b)  This is the hottest place on earth
 c)  Second coldest place on Earth
 d)  Highest populated place in India
 e)  Lowest populated place in India

 317)   Which bank opened over 3,000 'Zero Balance' savings accounts under the 'Kanyasree' scheme of the West Bengal Government ? (The scheme aim to reduce drop-out rates among girl students)
 a)  Dena Bank
 b)  UCO Bank
 c)  State Bank of India
 d)  Allahabad Bank
 e)  Punjab and Sindh Bank

 318)   Where the world's first bit coin ATM opened dispensing hard money in exchange for the anonymous crypto-currency ?

 a)  India
 b)  UK
 c)  Canada
 d)  Japan
 e)  USA

 319)   Own your NPA campaign was launched by ?
 a)  ICICI
 b)  Canara Bank
 c)  IOB
 d)  Andhra Bank
 e)  IDBI

 320)   Asia's first credit card with Visa Code launched by ?
 a)  ICICI
 b)  Axis Bank
 c)  Karnataka Bank Ltd
 d)  SBI
 e)  Andhra Bank

 321)  Loans to poor people by banks have many limitations including lack of security and high operating cost. So to help them which type of finance system developed ?
    a)   Ponzi schemes
    b)  Micro Finance System
    c)  Money Laundering Schemes
    d)   Money tampering finance
    e)   Supervision Finance

 322)   The following statements are related to Micro Finance System. Locate the wrong option ?
 a)  It provides micro credit having scope for small savings and remittance of funds
 b)  It based on the principle of livelihood creation
 c)  The livelihood mission means engaging in activities in a routine fashion to generate cash or non-cash income
 d)  High volumes of low transactions done through this system.
 e)  None

 323)   Who introduced the concept of Micro Finance in Bangladesh in the form of the "Grameen Bank"? He is the Nobel laureate known by many as the "father of micro finance systems".
 a)  C. D. Deshmukh
 b)  Amartya Sen
 c)  Muhammad Yunus
 d)  Sheik Haseena
 e)  Muzibaer Rehman

324)   The beneficiaries of Micro finance business are _____________
 a)  Land Less labour
 b)  Marginal farmers
 c)  Vendors in the small markets
 d)  Hawkers
 e)  All the above

 325)   The Micro Finance Institutions (MFI) differ from one another in terms of

 a)  Product offering
 b)  Loan repayment Structure
 c)  Product offerings
 d)  Legal structure
 e)  All of these

 326)   One of the delivery channel for Micro Finance is SHG model. SHG means ?
 a)  Soar Help Group
 b)  Sake Help Group
 c)  Self Hope Group
 d)  Store Help Group
 e)  Self Help Group

 327)   Indian Micro Finance Institutes (MFI) usually adopt the group-based lending models, which are of two types. SHG model and JLG model. SHG means Self Help Group and JLG means ?
 a)  Joint Liability Game
 b)  Josh Liability Group
 c)  Joint Loan Group
 d)  Joint Liability Group
 e)  None of these

328)   To control high rate interest rates, coercive collections and illegal insurance practices by the Micro Finance Institutes, Andhra Pradesh Government passed Andhra Pradesh Microfinance Institutions (Regulations of Money Lending) Act in  ?
 a)  2014
 b)  2013
 c)  2005
 d)  2007
 e)  2011

 329)   In the Not-For-Profit Micro Finance Institutes, which among the following are included ?
 a)  Societies
 b)  Public Trusts
 c)  Non-Profit Companies
 d)  All of these
 e)  None of these

 330)   Co-operatives registered under state or National Acts and MACs come under Mutual benefit MFIs. MACS means ?
 a)  Moral-Aided Co-Operative Societies
 b)  Mint-Aided Co-Operative Societies
 c)  Mutually-Aided Co-Operative Societies
 d)  Manually-Aided Co-Operative Societies
 e)  None of these

331)   Non-banking  financial companies, producer companies and LAB come under the category of For-Profit-MFIs. LAB means ?
 a)  Loan Area Banks
 b)  Legal Area Banks
 c)  Local Axis Banks
 d)  Local Area Banks
 e)  None

 332)   SKS Micro-finance Ltd, the only listed micro lender in the country founded by ___________
 a)  Sudipa Sen
 b)  M. B. N. Rao
 c)  Kunal Ghosh
 d)  Vikram Akula
 e)  None

333)   Who launched an 'India Micro-finance Platform', a portal on micro-finance activities across the country, with the assistance of World bank funds on 28th June 2013 ?
 a)  SBI
 b)  ICICI
 c)  SIDBI
 d)  Exim Bank
 e)  NABARD

334)   SIDBI related statements are given. Pick the wrong statement.
 a)  SIDBI means Small Industries Development Bank of India
 b)  It was established on 2nd April 1990
 c)  It is the principal financial institution for the promotion, financing and development of industry in the small scale sector
 d)  its head office is in Nagpur
 e)  None

Exp:-head office is at Lucknow(up)

335)   Who is the new Chairman & Managing Director of Allahabad Bank (from 12th March 2014)?
 a)  S. K. Roy
 b)  T. C. A. Ranganathan
 c)  Rakesh Sethi
 d)  U. K. Sinha
 e)  Rahul Khullar

 336)   Which committee has recommended creation of a separate category of NBFCs operating in the microfinance sector to be designated as NBFC-MFIs (Non-Banking Finance Company - Micro Finance Institutes) ?
 a)  C. Ranga Rajan
 b)  Chandra Sekhar
 c)  Y. H. Malegam
 d)  Tarapore
 e)  R. K. Sundaram

 337)   Recommendations of Malegam committee on Micro Finance Sector do not include _______
 a)  MFI should not charge more than 24% of its disbursed loans
 b)  Processing fee on the loan amount must not be more than 1%
 c)  Margin of interest to be not more than 20 per cent
 d)  MFIs should lend to an individual borrower only as a member of a JLG and should have the responsibility of ensuring that the borrower is not a member of another JLG
 e)  Bank advantages to MFIs should continue to enjoy 'priority sector lending status'.


 338)  On 9th October 2013 RBI has announced set up a Technical Committee under the chairman ship of ____________ to examine the feasibility of encrypted SMS-based fund transfers.

 a)  Anand Sinha
 b)  Raghu Ram Rajan
 c)  Urjith Patel
 d)  Pandu Ranga Rajan
 e)  Sambamurthy

 339)   Who is the first woman chairperson of State Bank of India
 a)  Shubhalakshmi Panse
 b)  Chandra Kochhar
 c)  Naina Lal Kidwai
 d)  Arundhathi Bhattacharya
 e)  Usha Ananthasubramanian

 340)   Which member of the world bank group launched the Indian Rupee Denominated bond, may be the first step towards internationalization of the Indian currency ?
 a)  IBRD
 b)  IDA
 c)  IFC
 d)  MIGA
 e)  IMF


 341)  The features of Demand Draft given, Locate the wrong option ?
    a)   It is drawn by a bank upon its own branch or another bank.
    b)   It is payable on demand and it cannot be made payable to bearer.
    c)  Payment of a demand draft cannot be stopped or countermanded. Due to this reason, the payment is demanded through a bank Draft.
    d)   Demand Draft valid for 3 months.
    e)   None

 342) A Demand Draft payable to bearer may be issued only by ______________
 a)  RBI
 b)  SBI
 c)  SEBI
 d)  Private Banks
 e)  Note of above

 343)   Payment of a lost Demand Draft is made to the ________________
 a)  Purchaser
 b)  RBI
 c)  Friend of purchaser
 d)  Guarantor
 e)  None

344)   If the Original Demand Draft is lost, the bank issues duplicate Demand Draft, by taking ___________ ?

 a)  Permission from RBI
 b)  Assurance form the purchaser of Draft on white paper
 c)  Rs. 50 as simply penalty
 d)  Indemnity bond from the purchaser of Draft
 e)  Permission from district authorities of state government

 345)   Unsigned Demand Draft is presented for payment, then drawee branch should ?
 a)  Dishonor it, since it does not have a mandate of the drawer bank to pay.
 b)  Honor it as it is a negotiable instrument
 c)  Honor it after seeking complaint from the collecting bank.
 d)  Pay simply as it is issued by another bank
 e)  None of these

 346)   Shivani deposited Rs. 10000 in Union Bank of India and got Demand Draft. He wants to cancel the Demand Draft. Then ?
 a)  Once Demand Draft issued, it cannot be cancelled
 b)  Demand Draft can be cancelled by Union Bank of India. However the cancellation charges may be there.
 c)  He can approach any public sector bank to cancel the Demand Draft, as Union Bnak of India is also a Public Sector Bank.
 d)  Only after 90 days the Demand Draft can be cancelled, as the Demand Drafts cannot be cancelled during the valid date period.
 e)  Shivani should get permission form RBI to get the cancellation of Demand Draft.

 347)   Cash credit is one of the forms of ___________

 a)  Recurring credit to NRI
 b)  Withdrawal facility in minor account
 c)  Loan
 d)  Cash Deposit slip in bank branch
 e)  Credit deposit slip

 348)   One of the highlights of the cash credit is ?
 a)  Very useful for industrial concerns
 b)  It can be given by taking security of raw materials and finished goods also.
 c)  Flexible schedule of payments is attractive in this loan
 d)  Renewable loan, if there is no default in the payment of interest
 e)  All of the above

 349)   Bharath has an account in Punjab National Bank. He issued a cheque of Rs. 1000 to Raghu. Who is the drawee in the above case ?
 a)  Bharath
 b)  Punjab National Bank
 c)  Raghu
 d)  Bharath and Raghu
 e)  Raghu and Punjab National Bank

 350)   Amar has an account in State Bank of India. He issued a crossed cheque to Satish. Then sathish ___________
 a)  Should deposit cheque in his bank account.
 b)  Can go to bank counter and get money directly
 c)  Can ask the bank to change crossed cheque in to bearer cheque to get cash
 d)  Satish can cancel the crossing to get cash
 e)  Satish can change the crossed cheque in to bearer cheque by putting his signature on reverse side.

 351)   Narasimhan deposited Rs. 10000/- in his savings account and got counterfoil. In his pass book, the deposit entry made and his present balance is Rs. 15,000/-. Later he got mobile alert that he deposited Rs. 1000/- only. Then __________
 a)  Narasimhan is eligible to withdraw Rs. 10000 only.
 b)  Mobile alert resembles the balance and his present balance is Rs. 11,000/- only
 c)  Bank asks Naraimhan to deposit Rs. 4000 again
 d)  He need not worry because mobile alerts need not resemble the accurate balance in account. His balance stands at Rs. 15,000/-
 e)  None of the above statement applicable

 352)   Ananth received PIN (Personal Identification Number) for his debit card by registered post. Then ____________
 a)  He should not share this number with anybody
 b)  He can share this number with anybody
 c)  He should inform this number to the Bank Manager
 d)  PIN is not confidential so he can share this anywhere
 e)  He should share this number in his Facebook account

353)   If the point of sales terminals are non complaint of the fraud card transaction, issuing bank should pay the disputed amount to the customer within __________ working days.
 a)  10
 b)  20
 c)  40
 d)  7
 e)  2

354)  The wrong statement relating to Mutual Funds (MF) is ?
 a)  It collects the savings of a large number of investors for investment purposes
 b)  MF invest in capital markets like stocks and other securities
 c)  Additions from the investment process shared among the investors
 d)  Profit generation and investment process shared among the investors is a continuous process, as MF business is profitable both to investor and fund manager
 e)  None

 355)   The reason to say Mutual Funds (MF) safer than share trading because ?
 a)  Professionally Managed
 b)  Tax Saving Option
 c)  Diversified Portfolio
 d)  Transparent Dealings
 e)  All of the above

356)  Who regulates the Mutual Funds ?
 a)  RBI
 b)  TRAI
 c)  SEBI
 d)  TROY
 e)  None

357)   Unit Trust of India was the first mutual fund set up in India in the year ?
 a)  1963
 b)  1971
 c)  1981
 d)  1991
 e)  1997

358)   Usually, the performance of a particular scheme of a mutual fund is denoted by NAV. NAV means ?
 a)  Net Asset Value
 b)  Non Accessible Value
 c)  Net Assignment Value
 d)  Not Asset Value
 e)  New Activation Value

 359)   A mutual fund is set up in the form of a trust, which has sponsor, trustees, AMC and custodian. AMC means ?
 a)  Asset Management Company
 b)  Asset Money Company
 c)  Assign Management Company
 d)  Assignment Management Company
 e)  None of these

 360)   India is one of the founding members of Kimberley Process Certification Scheme (KPCS). KPCS is related to ?
 a)  Import and Export fo Rice
 b)  Import and Export of Computers
 c)  Import and Export of Home Appliances
 d)  Import and Export of Rough Diamonds
 e)  None

 361)Locate the wrong combination ?
    a)  Rajmannar Committee - Cheque bounce and offense
   b)   Nadkarni Committee - Trading in Private Banks
    c)   Goiporia Committee - Bank Frauds
    d)  Vyas Committee - Rural Credit
    e) Usha Thorat Committee - Financial Inclusion

Exp:-SC order ends Badve, Utpat families’ monopoly on Pandharpur temple 

362)Which of the following will set up core banking infrastructure for rural banks ?
    a)   RBI
    b)   NABARD
    c)  SIDBI
    d)  IBA
    e)   None of these

363)Which of the following carries out 'Open Market Operations' ?
    a)   Stock Exchanges in India
    b)  Indian Banks' Association
    c)  Securities and Exchange Board of India
    d)  Planning Commission
   e)   RBI

364)Total Agricultural advances must be _____ percent of Net Bank Credit (NBC) for foreign banks ?
    a)  18
    b)   24
    c)  56
    d)   14
    e)No Target

365)Expand UNCTAD ?
    a)   United Nations Conference on Tier and Development
    b)   Unit Nations Conference on Trade and Development
    c)  United Nations Conference on Trade and Deal
    d) Unique Nations Conference on Trade and Development
    e)   United Nations Conference on Trade and Development

366)Which term NOT related to Banking Technology?
    a)   NEFT
    b)  RTGS
    c)   BOUNCE
    d)   SWIFT
    e)  ATM

367)Which country has the biggest public debit among industrialized nations ?
    a)   US
    b)   Germany
    c)  Italy
   d)   Japan
   e)   UK

368)For the ATM's in India, the most commonly used network communication mode is ?
    a)  Very Small Aporture Terminal (VSAT)
    b)   Dial-in Connection
    c)  Code Division Multiple Access (CDMA)
    d)  Network of Computers
    e)  None of these

369)Which of the following is known as plastic money ?
A. Credit Card
B. Debit Card
C. Demand Draft
    a)  A only
    b)   B only
    c)  Both A and B
    d)  C Only
    e)   Both B and C

370)Which was the first bank to receive approval for getting full bank license in Singapore ?
    a)   Punjab National Bank
    b) Bank of India
    c)   State Bank of India
    d)   Bank of Baroda
    e)   Syndicate Bank

371)The usual deposit accounts of banks are _____________-
    a)  Current accounts, Loan accounts and insurance premium accounts
    b)  Current accounts, Post office savings bank accounts and term deposit accounts
    c)   Loan accounts, savings bank accounts and term deposit accounts
    d)   Current accounts, savings bank accounts and term deposit accounts
    e)  Current bill accounts and term deposit accounts

372)Which of the following pairings is wrong ? (Bank and Country)
    a) Barclays Bank - UK
    b)   JP Morgan Chase Bank - USA
    c)   Societe Generale - France
    d)  Standard Chartered Bank - South Africa
   e)  Sonali Bank - Bangladesh

Exp:-Standard Chartered Bank-US 

373)Who among the following is India's current Minister of State (Expenditure & Financial Services) ?
    a)   S. S. Palanimanickam
    b)   Namo Narain Meena
    c)   Dinsha J. Patel
    d)  Jitin Prasada
    e)  None of these

374)Balanced Growth Means
    a)   The growth of the different segments of economy in a harmonious manner
    b)  Equal percentage growths in output
    c)  a balanced rise in the resources allocated
    d) natural growth rate of different segments of economy
    e)   None fo these

375)Funds are transferred from the Center to state
    a)   on the recommendations of the finance commission
    b)   as the center's additional grants and loans
    c)   as assistance from the planning commission
    d)  All of these
    e)  None of these

376)Banks were nationalized in 1969 and 1980 for all the following reasons except
    a) to take over the control of all the essential services
    b) to reduce concentration of wealth and economic power
    c) to support the village industries
    d)   to make more useful use of funds of banks
    e)   To earn more money

377)More and more banks in India these days are setting up their ATMs and discourage people to visit their branches for transaction. Which of the following is / are the limitation(s) of the ATMs which force people to go to branch for transaction ?
A. Lack of human Interface
B. Communication
C. Limited Cash dispensing ability
    a)   Only A
    b)   Only B
    c) Only C
    d)   Both A and B
    e)  All A, B and C

378)As reported in some news papers / magazines, some banks have decided to install Biometric ATMs so that fraudulent withdrawals can be prevented. Biometric ATMs will be able to do so as it also checks
A. Signatures of the card holders
B. Finger prints of the card holders
C. Skin color of the card holders
    a)   Only A
    b)   Only B
    c)  Only C
    d) Both B and C
    e)   All A, B and C

379)What is the full form of SEPA ?
    a) SAARC & European Provinces Association
    b)  South Europe Province Area
    c) Single Euro Payments Area
    d)   Senegal & Equidar Protection Act
    e)  None of these

380)Which of the following programmes was launched to further Improve the facilities of irrigation in rural India ?
    a)  National Social Assistance Programme
    b) Construction of Kiosks for the poor
    c) Sampoorna Grameen Rozgar Yojana
    d)  Annapurna Scheme
    e)  National Watershed Development Programme