Bank General Awareness practice set 1
1. SBI commercial & International Bank Limited acquired by ...........?
1) Reserve Bank of India
2) Ministry of Commerce
3) SEBI
4) State bank of India
5) None
2. RBI ordered that more than what denomination the Demand Drafts should not be issued against Cash, particularly by RRBs?
1) Rs.1000
2) Rs.10,000
3) Rs.50,000
4) Rs.1,50,000
5)None
3. LIC(Life Insurance Corporation of India) made a pact to issue Credit Cards with ...........?
1) HDFC
2) AXIS Bank
3) Corporation Bank
4) ICICI
5) Andhra Bank
4. Recently EXIM Bank (Export and Import Bank of India) provided $ 20 million line of credit to...........?
1) Switzerland
2) Zimbwabe
3) Swaziland
4) Australia
5) New Zealand
5. Karnataka State Highway improvement project got $ 315 million from ...........?
1) Asian Development Bank
2) World Bank
3) IMF
4) AFD
5) ODA
6. Most active segment of the money market in India is...........?
1) Repo rate
2) Statutory Liquidity Ratio
3) Call money market
4) Certificate of Deposits market
5) Term note market
7. Syndicated loan means ...........?
1) the loan offered to BPL families
2) loan offered to one bank by different states in India
3) loan taken by different borrowers from one bank in the single account
4) loan given by the group of banks to single borrower
5) loans ban by RBI
8. India signed to get Rs. 1600 cr from German Bank to finance world biggest solar power plants in Dhule district of
1) Andhra Pradesh
2) Karnataka
3) Mysore
4) Maharastra
5) Goa
9. $ 200 million will be given to power distribution in Madhya Pradesh by ….
1) World Bank
2) Asian development Bank
3) AFD
4) International Monetary Fund
5) IFC
10. $ 648 million to be provided by world bank to construct 444 MW hydro power project in...........
1) Uttarakhand
2) Uttar Pradesh
3) Assom
4) Goa
5) Rajasthan
11. LIBOR (London Inter bank Offered Rate) being published by...........
1) BSE
2) Thomson Reuters
3) Washington Post
4) New York Times
5) London University
12. Till Kharif 2010, how many farmers covered under National Agriculture Insurance Scheme ...........
1) 20.25 crore
2) 18.65 crore
3) 12.4 crore
4) 9.6 crore
5) 17.14 crore
13. Center for Monitoring Indian Economy estimated 2011-12 fiscal year growth will be............percent?
1) 5.2
2) 9.1
3) 8.1
4) 10.5
5) 9.5
14. Rastriya Arogya Nidhi available to...........to get medical assistance.
1) The inhabitants of poor states
2) The inhabitants of North eastern states
3) BPL families
4) MGNREGA domestic workers only
5) None
15. Dal Bhat Scheme provides a meal for Rs.5 to poor. This is the scheme of...........?
1) Bihar
2) Tamilnadu
3) Arunachal Pradesh
4) Jharkhand
5) Assam
16. Which state has idea of bringing the federations of Self Help Groups (SHG)?
1) Karnataka
2) Maharastra
3) Andhra Pradesh
4) Tamilnadu
5) Uttar Pradesh
17. The chairman of Parliamentary standing committee on Law and Justice?
1) Murali Manohar Joshi
2) P.C.Chako
3) L.K.Advani
4)Yashwanth Sinha
5) Abhisheik Manu Singhvi
18. On 21 July 2011, for the defence pensioners which scheme launched?
1) Sudha
2) Suvidha
3 ) Sugam
4) Saral
5) Sangam
19. International Atomic Energy Agency was invited by India to visit ........... Nuclear plant recently?
1) Apsara
2) Druva
3) Kalpakam
4) Jaitapur
5) None
20. Kaveri Engine to be used in light combat aircraft ( LAC). This engine to be developed with the aid of...........?
1) France
2) USA
3) UK
4) Germany
5) Japan
21. Recently India and which country sign memorandum of understanding in the cooperation of Rural Development?
1) Brunai
2) Laos
3) Lesotho
4) South Africa
5) None
22. Who heads the panel to estimate the losses of power distribution companies in 2007-2010?
1) Narla Tatha Rao
2) Vidhya Sagar
3) V.K.Shunglu
4) Shantharam
5) Vijay C Kelkar
23. On August 13 , 2011 which multiple missile trail version successful?
1) Agni - II
2) Pruthvi- I
3) Nag
4) Akash
5) Brahmos - III
24. Fifth conference of SAARC speakers and parliamentarians held recently in..........
1) New Delhi
2) Mumbai
3) London
4) Dhaka
5) Male
25. Presently India is the third largest producer of Steel in the world. It becomes the second Largest producer by which year as per the estimate of central government recently?
1) 2013
2) 2020
3) 2045
4) 2050
5) 2015
26. Sevottam Certificate got by...........?
1) GPO, Mumbai
2) GPO, Rastrapathi Bhavan
3) GPO, Hyderabad
4) Gol Dak Khana, the Newdelhi GPO
5) All of above
27. Bank deposits grow by ...........percent during the March 2011- July 2011?
1) 8
2) 5.5
3) 6.1
4) 7
5) 9
28. Raise in inflation rate leads to decline in ...........?
1) interest rate
2) raise in the deposits in the banks
3) decrease the real interest rate
4) raise the credit growth by banks
5) None
29. Difference between interest earned and interest paid is called ..........?
1) Gross Interest Income
2) Paid Interest Income
3) Free Interest Income
4) Net Interest Income
5) All of above
30. Express Remit is the brand name remittance facility of ...........?
1) SBH
2) Allahabad Bank
3) Repco Bank
4) UBI
5) SBI
31. Rs.1000 can be withdrawn from the Point of Sales Terminals ( POS) as per the order of RBI. Which is the first bank to introduce this facility?
1) SBI
2) SBH
3) Union Bank of India
4) ICICI
5) HDFC
32. Recently RBI advised the banks to reduce the Net Interest Margin (NIM) come down to see the double digit growth. What is meant by it ...........
1) Banks accept the deposits at high rate of interest and lend at higher rate of interest
2) Banks accept the deposits at high rate of interest and lend at no rate of interest
3) Banks accept the deposits at high rate of interest and lend at lower rate than the present rates
4) Banks accept the deposits at lower rate of interest and lend at higher rate
5) None
33. Interest Corridor includes ...........?
1) Base rate and savings rate
2) Bank rate and Reverse Repo rate
3) Base rate and Repo rate
4) Repo rate and Reverse Repo rate
5) None
34. Asset-Liability mismatch usually happened in...........?
1) Home Loan and Infrastructure Project Financing
2) Education loan and personal loan
3) Personal loan and marriage loan
4) Travel loan and marriage loan
5) Education loan and School Fees
35. First Dedicated Education Loan Company CREDILA is the associate body of...........?
1) HDFC
2) Andhra Bank
3) United Bank of India
4) Axis bank
5) SBH
36. Portal-linked service, which enables a dissatisfied customer to SMS 'unhappy' to 8008202020, if he is a customer of...........this is the first of its kind in India?
1) SBI
2) IDBI
3)HDFC
4) ICICI
5) Indian bank
37. INFINET is a communication channel for transmission of electronic communication by banks. INFINET stands for...........?
1) Indian Financial Internal Network Electronic Transaction
2) Indian Financial Internal Network
3) Indian National Financial Internal Net Extra Track
4) Indian Financial Network
5) None
38. RBI subsidiary BRBNMPL related statements are given. Pick the incorrect one?
1) Bharatiya Reserve Bank Note Mudran Private Limited was established by RBI
2) its wholly owned subsidiary of RBI established on 3rd February 1995
3) It is established to handover the functions of RBI to mint currency
4) It is established to bridge the gap between the supply and demand for bank notes in the country.
5) The company manages 2 Presses one at Mysore in Karnataka and the other at Salboni in West Bengal.
39. Rohinton Nariman is the new ...........of India?
1) Election Commissioner
2) Auditor General
3) Solicitor General
4) Army General
5) RBI Governor
40. 110th constitutional amendment bill connected to...........?
1) Reservation of woman local bodies
2) Reservation of SC and ST in the Assembly elections
3) Jan lokpal Bill
4) GST council
5) Direct Taxes Code
41. Rs.117.64 Crores released by the Central Government to promote production of...........?
1) Tobacco
2) Food grains
3) Nutri-cereals
4) Pulses
5) Rice
42. Sucheta becomes first Indian woman to cross ...........?
1) Antartica
2) Arctic Ocean
3) Sahara Desert
4) Gobi Desert
5) Suez Canal
43. Standard & Poor downgrades USA AAA credit rating to
1) AAA ++
2) AAB
3) BBB
4) AA+
5) AB+
44. Which coach became first one to train 100 cricket test matches in the world?
1) Waqar Younus
2) Greg Chappel
3) Duncan Fletcher
4) David Boon
5) Kapil Dev
45. 2014 FIFA world Cup to be held from 12 June to 13 July in
1) London (Britain)
2) Rio ( Brazil)
3) Incheon (South Korea)
4) Washington (USA)
5) None
46. Who was called the Doctor Death, died recently, helped many people to die, if they are suffering from the dreaded and long time diseases?
1) Dr. Subodh Roy
2) Kimitachi Penogogi
3) Dr.Jack Kevorkian
4) Dr. Shantha Singh
5) None
47. India-South Africa trade to touch $………...billion before 2014?
1) 25
2) 10
3) 50
4) 15
5) 60
48. Modi cup is related to……….?
1) Cricket
2) Golf
3) Hockey
4) Tennis
5) Carrom
49. Arasu Cable TV Corporation belongs to the state of ………..?
1) Tamilnadu
2) Kerala
3) Andhra Pradesh
4) Puduccherry
5) None
50. Direct Tax do not include ………..?
1) Income Tax
2) Corporate Duty
3) Service Tax
4) Sales Tax
5) Wealth Tax
1)4 2)3 3)2 4)3 5)1 6)3 7)4 8)4 9)2 10)1
11)2 12)5 13)3 14)3 15)4 16)3 17)5 18)5 19)4 20)1
21)3 22)3 23)5 24)1 25)1 26)4 27)2 28)3 29)4 30)5
31)3 32)3 33)4 34)1 35)1 36)1 37)4 38)3 39)3 40)1
41)3 42)4 43)4 44)3 45)2 46)3 47)4 48)3 49)1 50)4
BANK GENERAL AFFAIRS PRACTICE TEST -2
1. Which of the following statements is true?
a) The licence to open branches of bank is granted by Board of Directors of that Bank
b) There is no need of licenses to open branch of a bank
c) A licence to open a branch is issued by the Central Government
d) A licence to open a branch is issued by the Reserve Bank of India under the provisions of Banking Regulation Act, 1949
2. The important condition for granting licence of banking companies is?
a) Banking company need not plan to pay for future depositors
b) Banking company can plan for its capital structure once the licence is granted
c) The business undertaken by the banking company should not frustrate the interest of public
d) The banking company can undertake business other than banking with the permission of annual general body
3. Who of the following is not a party to the IPO?
a) Registrar of Issue
b) Investment Banker
c) Advertisement Agency
d) Registrar of Companies
4. Which of the following is not shown as an asset in the balance sheet of a Bank?
a) Investments
b) Advances
c) Cash Balances with other banks
d) Borrowings
5. The credit policy of a bank does not consists of?
a) Lending policies
b) Quality control
c) Loan product mix
d) Advertising of loan products
6. Which of the following is a function of the agent bank relating to flow of money in the process of loan syndication?
a) Receiving notices relating to cancellation of any part of the loan
b) Calling of loans in the event of default
c) Receiving the fee from the borrower and distributing among the participating banks
d) Receiving notices relating to transfers of banks
7. Which of the following is the parameter to recognize the SSI unit as sick unit?
a) The erosion in the net-worth due to accumulated losses is up to 25% of its net worth during the previous account year
b) The erosion in the net-worth due to accumulated losses is up to 50% of its net worth during the previous account year.
c) The unit should have been in commercial production for at least five years
d) Lack of updations in technological development
8. Which of the following is not the service provided by the Small Industries Service Institute?
a) Providing entrepreneurship development programs
b) Developmental efforts
c) Export promotion and liaison activities
d) Financial support
9. Service Area Approach (SAA) is associated with?
a) Rural and Semi-urban branches of commercial banks
b) Urban branches of commercial banks
c) Branches of commercial banks situated in metro cities
d) Development banks
10. Which of the following cannot be securitized?
a) Future rentals of a fishing boat
b) Hire purchase receivables
c) Demand drafts received by the banker during clearing
d) Future billings for an airline
11. Which of the following statements is true?
a) The special purpose vehicle (SPV) purchases the assets from the borrower directly during the securitization
b) The originator and obligor are the same persons in securitization process
c) Administrator collects the payments due from the obligor and passes it to the SPV and follows with defaulters
d) Mortgage based securitization provides high yields to the investor
12. The important feature of an anticipatory letter of credit is that?
a) The letter of credit can be used as back- to- back letters of credit
b) The beneficiary under the letter of credit may receive payment even at the pre-shipment stage
c) The beneficiary under the letter of credit may receive payment even at the post-shipment stage
d) The cash advance is not permitted against such letter of credits
13. The Shipping guarantee is a?
a) Type of a letter of credit
b) Guarantee issued by the ship captain to the purchaser
c) Guarantee issued to the borrower towards the loan granted by the shipping company
d) Deferred payment guarantee issued by a banker at the request of the consignee when the documents are not received and goods are received, for facilitating the delivery of goods.
14. Which of the following statements is true?
a) The charge card is a credit instrument
b) Under this facility the cardholders need to pay amount within ten installments
c) Cardholder has to pay the 100% of the purchase amount within 30 days of purchase
d) The charge card shall have revolving credit
15. Which of the following is not augmented feature of a credit card?
a) Personal accident insurance
b) Cash withdrawals
c) Add-on facility
d) Issue of deferred guarantee
16. Which of the following is the disadvantage of going for public issue?
a) Liquidity to existing shares
b) Increase in visibility and reputation to the company
c) Better pricing and placement with new investors
d) Need to make continuous disclosures
17. Which of the following is not a criterion to select the Investment Bankers?
a) No professional memberships or incorporations are required
b) General reputation in the market
c) Good rapport with market intermediaries
d) Distribution net work of the organization
18. Which of the following is not an asset of a bank?
a) Notes and small coins
b) Overdue recurring deposits
c) Short term loans
d) Staff advances
19. The banking company has restriction to sanction loan to?
a) Directors of the bank
b) Staff working in the bank
c) Students going abroad
d) Professionals
20. Which of the following is a non-depository institution?
a) Credit unions
b) Commercial banks
c) Mutual funds
d) Regional rural banks
21. The disadvantage associated with leasing company is?
a) Low costs
b) Flexibility in payments
c) Eliminates the risk of obsolescence
d) High competitions because of entry to all financial institutions
22. Which of the following theory is associated with the financial system in the economic growth?
a) Retributive theory
b) Reformative theory
c) Financial repression theory
d) Jurisdictional theory
23.Which of the following is not a financial intermediary in the financial markets?
a) Pension funds
b) Credit unions
c) Life insurance companies
d) Small scale service institute.
24 Which of the following is not a function of a commercial bank?
a) Registration of charges and mortgages
b) Transactions services
c) Asset transaction
d) Real-time Gross Settlement
25. Which of the following is one of the three pillars of new Basel Capital Award?
a) Market competitions
b) Market rapport
c) Market discipline
d) International market relations
26. The interest in savings bank accounts of a bank is calculated on?
a) Minimum amount of balance that is maintained in the account in between 10th and the last day of month
b) Maximum amount of balance that is maintained in the account in between 10th and the last of month
c) Minimum amount of balance that is maintained in the account in between 1st and the last day of month
d) Maximum amount of balance that is maintained in the account in between 1st and the last of month
27. The credit policy of a bank does not deal with?
a) Credit risk management
b) Documentation standards
c) Review and renewal of advances
d) Outstanding balances in deposit accounts
28. Issuing credit cards is a component of ?
a) Corporate banking
b) Rural banking
c) Retail banking
d) Micro finance
29. The origin of bank instruments can be traced to?
a) The priests and worship places of public deposits
b) Goldsmith receipts
c) Bonds issued by the British Government in India
d) Bank notes issued by Bank of Venice
30. Which of the following is not the function of commercial banks?
a) Providing transaction services
b) Intermediation in financial services
c) Providing transformation services
d) Regulating the issue of bank notes.
31 Which of the following is the most important challenge before the commercial bank?
a) Maintenance of foreign currency
b) Evaluating the need of the customers
c) Maintenance of SLR and CRR
d) Meet the technological revolution
32. The asset's side of balance sheet consists of ?
a) Cash balances with other banks
b) Fixed deposits of customers
c) Savings deposits
d) Recurring deposits
33. Which of the following is an income for a bank?
a) Depreciation on bank's property
b) Interest on inter bank borrowings
c) Profit on revaluation of investments
d) Provisions made on account of write-offs
34. Saving Bank Account can be opened in the name of ?
a) State text book printing corporations
b) District level housing cooperative societies
c) Communist Party of India
d) Aravind Samuel, Anurag Deepak and Amarish Sugandhi Jointly
35. The interest on recurring deposit is paid on the basis of ?
a) Simple interest calculated monthly basis
b) Simple interest on monthly products basis
c) Quarterly compounding
d) Interest calculated on daily products basis
36. Which of the following statements is true?
i. Term deposits are non-transaction deposits
ii. Cheques can be issued on short-term deposits
iii. All term deposits are interest bearing deposits
a) (i) only
b) (ii) only
c) (iii) only
d) (i) and (iii)
37. The credit policy laid down by the top management of a bank does not deal with?
a) Credit risk management
b) Pricing of the credit products
c) Appraisal of time and demand deposits
d) Documentation standards.
38. Which of the following factors is not required to be considered to analyze the repayment capacity of a borrower?
a) Working capital management
b) Personal educational qualifications
c) Financial leverage
d) Interest rate risk management
39. Which of the following is a facilitating service of core loan products of retail banking services?
a) Current or savings accounts
b) Legal services for documentation
c) Delivery of loan at promised time period
d) Flexibility in prepayment of loan
40. Which of the following is an most important advantage of retail banking on the resource side?
a) Consumer loans are low risk products
b) Innovative product development and disbursal
c) Increases the subsidiary business of a bank
d) Requires less efforts to market retail loan products
41. Lenders may not provide trade-offs to the borrowers on the basic term of consumer installment credit relating to?
a) Interest rate
b) Maturity of the loan
c) Maturity of the deposit
d) Quantum of finance
42. Which of the following is the risk associated with the retail banking?
a) Strong recovery strategy
b) Definite lending limits
c) Effective credit process and proposals
d) Inadequate risk pricing
43 The advantage of consortium finance is?
i. Speedy transactions and individual approach
ii. Involvement of huge amounts
iii. Use of expertise of all the banks
a) (i) only
b) (ii) only
c) (iii) only
d) (i), (ii) and (iii)
44 Which of the following is not a function of the agent bank in loan syndication?
a) Ensuring the compliance of conditions precedent under the loan agreement
b) Determining the LIBOR interest rate for each interest rate
c) Planning for future syndication of loans
d) Receiving notices relating to cancellation of any part of the loan
45. Which of the following is not a phase/step in the formation of loan syndication?
a) Finalization of supply agreement
b) Identify the needs of the borrower
c) Preparation of information memorandum
d) Invite other banks to participate
46. Which of the following statements is true?
a) SSI is an undertaking in which the investments in fixed assets in plant and machinery does not exceed one million
b) Small and medium enterprises both in size and shape are not homogenous in nature
c) The small and medium enterprises contribution towards the GDP is nominal
d) Small and medium enterprises do not support the large industries.
47. The Nayak Committee has suggested the turnover method for assessing the working capital and pegged it at?
a) 15% of the projected annual turnover, as working capital limit
b) 20% of the projected annual turnover, as working capital limit
c) 25% of the projected annual turnover, as working capital limit
d) 30% of the projected annual turnover, as working capital limit
48. Which of the following is not a part of the rehabilitation package granted for revival of sick industry?
a) Waiver of penal interests
b) Funding by sanctioning of term loans towards the unpaid installments of loans
c) Grant of additional working capital loans
d) Not demanding the promoters contribution towards the rehabilitation package
49. Service Area Approach is associated with?
a) Industrial finance
b) Microfinance
c) Rural finance
d) Consortium finance
50. Which of the following resources cannot be securitized?
a) Credit balances outstanding in cash credit accounts
b) Credit Card receivables
c) Hire purchase receivable
d) Mortgage in lieu of future payments
51. Which of the following is a type of anticipatory letter of credit?
a) Green clause letter of credit
b) Yellow clause letter of credit
c) Back to back letters of credit
d) Revolving letter of credit
52. Performance guarantee is issued?
a) In lieu of earnest money
b) In lieu of retention money
c) In lieu of indemnity bonds
d) For successful competition of Turnkey projects
53. Which of the following is not a transfer of funds by using the electronic media?
a) Mail transfer of funds
b) Telegraphic transfer of funds
c) Electronic credit transfers
d) Electronic clearing transfers
54. Which of the following is not an augmenting feature of credit cards?
a) Personal accident insurance
b) Cash withdrawal facility
c) Add-On facility
d) Automatic recovery of interest on term loans
55 Which of the following is a disadvantage of going public issue?
a) Provides liquidity to existing shares
b) Commands better pricing than placement with few investors
c) Increased regulatory norms
d) Enables valuation of the company
56 Which of the following is not a reason for regulating the banking operations?
a) Banks hold a major portion of the public savings
b) Banks intermediate between the savings and investments
c) Banks hold a large part of the money supply
d) Banks earn profit from non-fund services
57. Which of the following statements is true?
a) Resave Bank of India empowers the banks to open branches according to their will and pleasure
b) Reserve Bank of India is a central bank which monitors only lending activities pertaining to export credit
c) Banks have authority to establish the ATMs at their convenience
d) Rural banks of commercial banks do not have freedom to issue credit cards
58. When the customer withdraws cash from ATM, the banker and customer relation ship is?
a) Debtor and Creditor
b) Creditor and Debtor
c) Lessor and Lessee
d) Agent and principal
59. Which of the following is a public sector Bank?
a) IDBI
b) ICICI
c) AXIS
d) HDFC
60. Trade control in India is regulated by?
a) RBI
b) SEBI
c) EXIM Bank
d) DGFT
61 Which of the following businesses is prohibited as per Sec 8 of B.R Act 1949?
a) Executing the trusts
b) Leasing
c) Retail trading
d) Underwriting
62. Which of the following is not one of the essential elements of internal audit?
a) Totality
b) Expertise
c) Independence
d) Subjectivity
63. The letter of credit, which facilitates the exporter to get pre- shipment finance (from the stage of purchase of raw material until the warehousing of the finished goods) from advising bank is called?
a) Red Clause LC
b) Lines of credit
c) Packing credit loan
d) Green Clause LC
64. A term loan is classified as a non-performing asset, if interest or installment is overdue for period exceeding how many days?
a) 90
b) 91
c) 180
d) 182
65. Which of the following is an interest bearing demand deposit?
a) Time Deposit
b) Re-investment deposits
c) Cash Certificates
d) Savings Bank account
66. Debt Recovery Tribunals accept petitions from Banks and financial institutions, only when the amount of suit is for Rs?
a) 1 00 000 and above
b) 5 00 000 and above
c) 7 50 000 and above
d) 10 00 000 and above
67. An endorsement is deemed as an instruction to?
a) Collecting Bank
b) Paying Bank
c) Drawer
d) Payee
68. Ideal Credit deposit ratio for a bank is?
a) 60%
b) 40%
c) 90%
d) 30%
69. The rate at which RBI rediscounts the bills of commercial banks is called as?
a) Bank Rate
b) Prime Lending rate
c) Repo rate
d) BPLR
70. Which of the following is not one of the RBI directives on clean note policy?
a) Currency note packets are not to be stapled and secured with paper bands
b) Soiled notes are to be stapled before they are remitted to Currency Chest.
c) Water mark window of bank notes shall not contain any writings
d) Currency notes are to be sorted in to Issuable and non-issuable notes.
71. Which of the following committees are related to 'Micro financing'?
a) Nayak Committee
b) Tandon committee
c) Vyas Committee
d) Narasimham committee
72. The relation ship between RBI and the Bank maintaining the currency chest is that of?
a) Debtor and Creditor
b) Principal and Agent
c) Bailor and Bailee
d) Creditor and Debtor
73. Normally, the number of members in a self Help Group shall not exceed?
a) 10
b) 20
c) 50
d) 15
74. Short fall in fulfilling the targets of Priority sector and agricultural finance by domestic commercial banks shall be deposited with/in?
a) RIDF
b) SIDBI
c) RBI
d) IDBI
75. The maturity value of a Recurring deposit with a monthly contribution of Rs 500 kept for a period of 12 months, at 9% interest rate compounded quarterly would be Rs.?
a) 6, 265
b) 6, 625
c) 7, 255
d) 7, 555
76. Which of the following is not an imperfect note?
a) Washed note
b) Bleached note
c) Mutilated note
d) Oiled note
77. Credit rating helps in measuring the credit risk and facilitates?
a) Considering higher credit limits
b) Making loan provisioning at an early stage
c) Accurately calculate the probable loan losses
d) Pricing of a loan
78. The Reverse Repo has the following characteristic?
a) Borrowing by RBI from banks
b) Borrowing with government security as collateral
c) Short term borrowing
d) All of these
79. Under the Nayak Committee recommendations, the quantum of working capital limits from the bank is minimum percentage of the projected annual sales?
a) 5%
b) 15%
c) 20%
d) 25%
80. Banks insist on providing finance for those projects or activities only which they consider to be viable. What is meant by viability of project?
a) Capacity to generate cash, adequate to service debt and surplus for borrower's personal requirement.
b) Generation of cash to meet debt liability
c) Generation of profits.
d) Generation of gross profits
81. Letter of negative lien obtained from borrower by a bank contains?
a) An undertaking that the property mortgaged to the bank is his own
b) A confirmation that the borrower had earlier deposited title deeds to create mortgage on the property.
c) An undertaking not to create any encumbrance/lien on the property which he owns but not yet mortgaged to the bank
d) A declaration that he is the joint owner of the property furnishing the details of his share and valuation thereof.
82. Which of the following statement is CORRECT?
a) Consortium advances to be treated as NPA on the basis of recovery by individual banks
b) If one facility of a borrower is treated as NPA other facilities to him also to be treated as NPA even if there are no irregularities in that account.
c) Consortium must be formed if the total exposure of fund based limit exceeds Rs 100 crore.
d) Both (a) and (b)
83. If an IPO is under-priced, which of the following can be considered as consequences/implications of the same?
I. The company looses the opportunity to raise more funds
II. Under pricing would give less returns to the investor
III. Under pricing results in lower net worth on an increased equity.
a) Only (II) above
b) Only (III) above
c) Both (I) and (III) above
d) Both (II) and (III) above all.
84. Corporate Bank files suit for recovery of its loan against the guarantor only and not the borrower. Guarantor pleads in the court that before filing suit against him, money should be recovered from the borrower. In such circumstances, the bank can seek recourse in the court against?
a) All the liable parties together only
b) Any one of them at a time
c) All separately
d) At its discretion it can proceed against any one
85. A letter of credit (LC) wherein the credit available to the customer gets reinstated after the bill is paid is known as?
a) Back to back LC
b) Red clause LC
c) Back to front LC
d) Revolving LC
86. Regional Rural Banks are?
a) Private Sector scheduled commercial banks
b) Cooperative banks
c) Foreign banks
d) Public sector scheduled commercial banks
87. Large corporate customers demand?
a) Short term products from their banks irrespective of the cost at their times of need.
b) Increasingly sophisticated products from their banks at the lowest possible cost.
c) Disintegrated financial products from their banks at the lowest possible cost.
d) Basic banking products from their banks but with speed and efficiency.
88. Funded Services under corporate banking does not include?
a) Working Capital Finance
b) Bill Discounting
c) Export Credit
d) Letters of Credit
89. Which of the following is not directly involved in rural lending?
a) Cooperatives
b) RRBs
c) Commercial banks
d) SIDBI
90. PACSs provide?
a) Mainly long term credit
b) Mainly short term credit
c) Both long term and short term credit
d) Do not provide any credit
91. The purpose of which is to make credit of available to essential sectors of the economy according to national priorities?
a) Selective Credit Control (SCC)
b) Maintenance of cash reserve
c) Reserve fund
d) Comprehensive Credit Control
92. The system of note issue followed by the RBI is?
a) Proportional reserve system
b) Minimum reserve system
c) Minimum fiduciary system
d) Maximum fiduciary system
93. The rate at which the Reserve Bank of India lends to the commercial banks in very short term against the backing of the Government securities is known as?
a) Bank rate
b) Repo rate
c) Reverse Repo
d) Discount rate
94. Scheduled banks are those?
a) Includued in the 2nd schedule of the Banking Regulation Act-1949
b) Includued in the 2nd schedule of the Companies Act-1956
c) Includued in the 2nd schedule of the Reserve Bank of India Act -1934
d) Bank Nationalization Act -1969
95. The following is classified as a public sector bank?
a) ICICI Bank
b) IDBI Bank Ltd
c) Axis Bank
d) Local area bank
96. The banker-customer relationship in credit card payment is?
a) Creditor-debtor
b) Debtor-creditor
c) Agent principal
d) Principal-agent
97. The base rate is set by?
a) Individual banks
b) RBI
c) Government of India
d)RBI in consultation with Government
98. State Bank of India's new floating rate of deposit is directly linked to?
a) Inflation Rate
b) BPLR
c) Base Rate
d) BankRate
99. Six private sector banks were nationalised on April 15, 1980, whose reserves were more than?
a) 100 Crores
b) Rs. 200 crores
c) 300 crores
d) 400 crores
100. Security printing press was established in 1982 at?
a) Kolkata
b) New Delhi
c) Bombay
d) Hyderabad
Answers
1) d 2) c 3) d 4) d 5) d 6) c 7) b 8) d 9) a 10) c
11) c 12) b 13) d 14) c 15) d 16) d 17) a 18) b 19) a 20) c
21) d 22) c 23) d 24) a 25) c 26) a 27) d 28) c 29) b 30) d
31) d 32) a 33) c 34) d 35) c 36) d 37) c 38) b 39) a 40) c
41) c 42) d 43) d 44) c 45) a 46) b 47) b 48) d 49) c 50) a
51) a 52) d 53) a 54) d 55) c 56) d 57) c 58) a 59) a 60) d
61) c 62) d 63) d 64) a 65) d 66) d 67) b 68) a 69) a 70) b
71) c 72) b 73) b 74) a 75) a 76) c 77) d 78) d 79) c 80) a
81) c 82) a 83) c 84) d 85) d 86) d 87) b 88) d 89) d 90) b
91) a 92) b 93) b 94) c 95) b 96) b 97) a 98) c 99) b 100) d
HIGHEST,OLDEST,LOWEST PLACES,ORG IN INDIA
Highest Airport- Leh Air Port in Ladakh (3256 m/ 16080 ft high)
Largest Auditorium- Sri Shanmukhananda Hall, Mumbai
Largest Public Sector Bank- State Bank of india
Largest Botanical Garden - National Botanical Gardens in Kolkata
Longest River Bridge- Mahatma Gandhi Setu over the Ganga at Patna (5,575 m/ 8286 ft long)
Longest Sea Bridge- Anna Indira Gandhi Bridge connecting the island of Rameswaram with Mandapam in Tamil Nadu (2.34 km long)
Biggest Cantilever Bridge- Rabindra Setu (also called Howrah Bridge), Hoogli river in Kolkata (457 m/1499 ft long)
Longest Canal- Indira Gandhi Canal or Rajasthan Canal (959 km long)
Largest Cave- Amarnath (about 44 km from Pahalgam in Jammu and Kashmir)
Largest Cave Temple- Ellora (Maharashtra)
Oldest Church- St Thomas Church at Palayar in Trichur district in Kerala built in 52 AD.
Largest Church- Se Cathedral at old Goa, 10 km from Panaji.
Most Populous City- Mumbai
Longest Corridor- Corridor in Ramanathaswamy Temple at Rameswaram, Tamil Nadu ( 1220 m /4002 ft long)
Highest Dam- Bhakra Dam on Sutlej river in Punjab (226 m/ 738 ft high and 518 m/ 1699 ft long)
Longest Dam- Hirakund Dam on Mahanadi river in Orissa (24.4 km long)
Largest Delta- Sunderbans (75,000 sq km) formed by the Ganga and Brahmaputra in West Bengal and Bangladesh.
Largest Dome- Gol Gumbuz, Bijapur in Karnataka.
Highest Gateway Buland Darwaza at Fatehpur Sikri near Agra. Built by Akbar (53.5 m /175 ft High)
Longest Glacier- Siachen Glacier on the Indo-pakistan border (75.6 km long and 2.8 km wide)
Largest Gurudwara- Golden Temple at Amritsar
Highest Hydel Power Station- Rongtong Hydel Project in Kinnaur district of Himachal Pradesh.
Largest Lake- Wular lake, Kashmir
Largest Fresh Water Lake-Kolleru in Andhra Pradesh
Largest Library- National Library, Kolkata
Oldest Monastery- Buddhist Monastery, (situated at an altitude of 3,048 m /10,000 ft) at Tawang in Arunachal Pradesh.
Largest Mosque- Jama Masjid , Delhi (built by Shah Jahan in 1644-58)
Highest Mountain Peak- Kanchenjunga
Largest Museum- Indian Museum, Kolkata.
Largest Planetarium- Birla Planetarium, Kolkata.
Largest Prison- Tihar Jail, Delhi
Longest Railway Bridge- Dehri-on-Sone Railway bridge over the Sone river near Sasaram on Kolkata-Delhi main line Longest Passenger Train Route Jammu Tawi-Kanyakumari (3730 km) Fastest Train Shatabdi Express between New Delhi and Bhopal at a speed on 140 kmph
Longest Railway Platform- Kharagpur in West Bengal (833 m /2733 ft). Also world's longest Largest Refinery IOC Refinery at Koyah (Gujarat)
Largest Tribe- Gond
Largest Concentration of Scheduled Tribes- Madhya Pradesh
Largest Scheduled Caste- Community Chamar
Longest River- Ganga (2640 km long)
Longest Road- Grand Trunk Road from Kolkata to Delhi
Highest Road- Road at Khardungla in the Leh-Manali Sector
Largest State in Area- Rajasthan
Smallest State in Area- Goa
Most Populated State- Uttar Pradesh
Least Populated State- Sikkim
Most Densely Populated State- West Bengal
Least Densely Populated State- Arunachal Pradesh
Most Literate State- Kerala .
Most Women State- Kerala
Tallest Statue- Statue of Jain Saint Gomateswara at Sravanabelagola in Karnataka.
Largest Stupa- Great Stupa of Sanchi, Madhya Pradesh
Largest Tunnel- Jawahar Tunnel, Banihal Pass (Jammu and Kashmir) Largest Union Territory in Area- Andaman and Nicobar Island (8,249 sq km)
Smallest Union Territory in Area- Lakshadweep (32 sq km)
Most Populated Union Territory- Delhi (1,37, 82,976) Least Populated Union Territory- Lakshadweep (60,595)
Most Literate Union Territory- Lakshadweep
Highest Waterfall- Jog Waterfall, Karnataka
Largest Zoo- Zoological Gardens, Kolkata
Changed Names of Cities, States and Countries
Old Name- New Name
Abyssinia- Ethiopia
Angora- Ankara
Aurgangabad- Sambhaji Nagar
Banaras- Varanasi
Baroda- Vadodara
Batavia- Jakarta
Basutoland- Lesothe
Bachunaland: Bostwana
Bombay- Mumbai
British Guiana- Guyana
Burma- Myanmar
Calicut - Kozhikode
Cape Canaveral- Cape Kennedy
Cawnpore- Kanpur
Ceylon- Sri Lanka
Central Provinces- Madhya Pradesh
Christina- Oslo
Cochin- Kochi
Congo- Zaire
Constantinople- Istanbul
Dacca- Dhaka
Dahomey- Benin
Dutch East Indies- Indonesia
Dutch Guyana- Suriname
East Timor- Loro Sae
Egypt- United Arab Republic
Ellice Islands- Tuvalu
Formosa- Taiwan
Gauhati- Guwahati
Gold Coast- Ghana
Holland- The Netherlands
Ivory Coast- Cote D' Ivoire
Japan- Nippon
Jubbulpore- Jabalpur
Jullundur- Jalandhar
Leopildville- Kinshasa
Madagascar- Malagasy
Madras- Chennai
Malaya- Malaysia
Manchukuo- Manchuria
Mesopotamia- Iraq
New Hebrides- Vanuatu
Northern Rhodesia- Zambia
Nyasaland- Malawi
Ooty- Udhagamandalam
Panjim- Panaji
Peking- Beijing
Petrograd- Leningrad
Persia- Iran
Poona- Pune
Quilon- Kollam
Rangoon- Yangon
Rhodesia (Southern)- Zimbabwe
Saigon- Ho Chi Minh City
Salisburg- Harare
Sandwich Islands- Hawaiian Islands
Siam- Thailand
Simla- Shimla
South West Africa- Narnibia
Spanish Guinea- Equatorial Guinea
Stalingrad- Volgograd
Tanganyka and Zanzibar- Tanzania
Tanjore- Thanjavur
Trichur- Thrissur
Trivandrum- Thiruvananthapuram
United Provinces- Uttar Pradesh
Upper Volta- Bourkina Faso
Vizagapatnam- Visakhapatnam
- Primary Member (PM)
A member of NDS-OM (having Constituent Subsidiary General Ledger (CSGL) and current account with RBI) who authorizes their Gilt Account Holders to have direct access to the web enabled NDS-OM system. Gilt Account Holders (GAHs)Non-NDS members who have gilt account and current account with PMs are termed as GAHs. GAHs permitted by RBI include NBFCs, Provident Funds, Pension Funds, Mutual Funds, Insurance Companies, Cooperative Banks, Regional Rural Banks, Trusts, Corporates, Individuals etc. Dedicated URL ndsind.comDedicated URL is a secure site, i.e., https// accessible only through deployment of requisite digital certificates and tokens (for non-repudiation of transactions). The issuance and management of digital certificates and security tokens would be the responsibility of the PM as part of GAH creation and activation process. Regular renewals thereof would also be the PM’s responsibility. Digital Certificates and e-tokens (PM)Digital certificates are digital signatures to be obtained by PM from any Government Recognized Certifying Authority designated by RBI, on behalf of GAH. For added security, the certificates need to be installed in an e-token as per specifications approved. The digital certificate and token specifications needs to be SHA 2 (2048 bit) compliant. Without the Digital certificate and e-token, the GAH cannot log in to the NDS OM web based module. The Primary member will be responsible for obtaining/renewal and intimating revocation to RBI/CCIL of the Digital Certificate for such GAH users. NDS OM Administrator (CCIL; NDS OM Admin)The Administrator (CCIL) is the person who creates and activates the GAH in the web-based system on the request of the PM and also authorizes the employees of GAH (GAH Users created by PM) to access the system by generating login and password. Authorized Users of Gilt Account Holder (GAH User)Once GAH is created as a client of PM in the web-based system by CCIL (the NDS OM Admin), Users of GAH are created by PM and later authorized by CCIL to access and operate the system. While authorizing, CCIL generates the login ID and password for the GAH Users and forwards the same to PM. PM in turn forwards the same to GAH to enable its employees (GAH Users) to log-in to the Web Based Application (https://www.ndsind.com). Client Head (PM)The ‘Client Head’ is the super user at the PM end. Only ‘Client Head’ has privileges to perform actions like create GAH users, modify users, suspend users, unlock, log-off users, reset the login password of users, set risk limits & take action on client bids etc. Only one user is possible in every PM environment. ‘Transactional’ User (GAH)These are GAH employees (GAH Users) who are authorized by PM to place, modify, cancel their bids, view status of their bids and view the limits set by the PM & along with the current utilization. ‘View Only’ User (GAH)These are GAH employees (GAH Users) who have been provided with ‘View only’ rights by the PM. These employees have an aggregated view of all the activities and risk limits of all transactional users under the respective GAH. It also includes view of issuance details and aggregate view of bidding and allocation details of all transactional users. Single Order Limit (SOL) for TradesSOL shall mean the maximum order quantity (in terms of face value) that can be placed by the concerned user through a single order. Price/Yield Range Settings for TradesNDS-OM Web shall validate that the price/yield of every order placed by a GAH user is within the range specified by the Primary Member vis-Ã -vis the last traded price/yield for the concerned security in the specific market. Security Stock Balances Settings for TradesPrimary Members shall update the Security Stock Balances for each of their GAH. Once input, NDS-OM shall automatically update the security balances based on activity undertaken on NDS-OM Web on the same lines as that of NDS-OM. Adequacy of available free balances for each security shall be validated before accepting a sale order(s) for any security. If the balance is not adequate, the respective sale order shall be rejected. Activity Control Settings for TradesPrimary Members shall assign Buy and / or Sell privileges to each of the Transactional Users of their GAH through activity control settings. Funding Limits Settings for TradesFunding limits for trades represent the net aggregate settlement consideration amount up to which the concerned GAH can accumulate net long fund positions arising out of trades concluded on NDS-OM Web. This control shall be set for every GAH at the GAH user level. This limit constitutes a trading limit which shall get reinstated at the beginning of every trading session for every GAH. Turnover Limits for TradesTurnover limits represent the gross amount in face value terms computed by aggregating individual "buys" + "sells" orders inputted on behalf of a GAH across all its users. This value is expressed in consideration terms of the underlying security instrument and shall reflect the total aggregate value that can be undertaken by the GAH for that trading session. This control shall be set for every GAH at the user level. This limit constitutes a trading limit which shall get reinstated at the beginning of every trading session for every GAH;
