*_100 Objective Questions( BANKING AWARENESS )_*
*1) What is Shadow Banking?*
Ans :- Financial transactions and other activities of non-banking financial intermediary,
*2) Devaluation of Mudra* –
Ans :- Increases the exports and decreases the imports of a country,
*3) The RBI does not transact the business of which State government?*
Ans :- Jammu and Kashmir,
*4) A PAN has initially a five-alphabet series like AFZPK 7190 K. Here P stands for* –
Ans :- Individual,
*5) Long-term fiscal policy was announced by which Finance Minister of India*?
Ans :- VP Singh,
*6) The National Payment Corporation of India (NPCI) has launched a mobile based payment facility. This facility is known as* –
Ans :- IMPS,
*7) Bad loans in banking terminology are generally known as* –
Ans :- NPA,
*8) The controlling authority of government expenditure is* –
Ans :- The Finance Ministry,
*9) Effective Revenue Deficit was introduced in the Union Budget of* –
Ans :- 2011-12,
*10) Interest payment is an item of* –
Ans :-Revenue expenditure,
*11) Foreign currency which has a tendency of quick migration is called* –
Ans :- Hot currency,
*12) Ad hoc Treasury Bill System of meeting budget deficit in India was abolished on* –
Ans :- 31st March, 1997,
*13) Convertibility of the rupee implies* –
Ans :- Freely permitting the conversion of rupee to other major currencies and vice versa,
*14) Interest on savings bank account is now calculated by banks on which basis?*
Ans :- Daily product basis,
*15) Which is the largest shareholder (in percentage shareholding) of a nationalized bank?*
Ans :- Govt. of India,
*16) Banks in our country normally publicise that additional interest rate is allowed on retail domestic term deposits of which citizens?*
Ans :- Senior citizens,
*17) Lending to Micro Finance Institutions by Bank considered as finance to which sector?*
Ans :- Priority Sector,
*18) What is money laundering?*
Ans :- Conversion of Money which is illegally obtained,
*19) Which is a measure taken by Reserve Bank of India to control inflation in our country?*
Ans :- Raising of Repo / Reverse Repo Rate,
*20) What type of loan is granted by banks for purchase of white goods?*
Ans :- Consumer durables loan,
*21) What are fixed deposits and recurring deposits?*
Ans :- Repayable on demand,
*22) Which accounts are allowed to be operated by cheques?*
Ans :- Savings bank accounts and current accounts,
*23) What is Mortgage?*
Ans :- Security on immovable property for a loan given by a bank,
*24) Which will setup sore banking infrastructure for rural banks?*
Ans :- NABARD,
*25) What is the name of cheque when a bank returns unpaid?*
Ans :- Dishonor of the cheque,
*26) Which state became the first state in the country to launch RBI’s e-payment system for commercial tax payers?*
Ans :- Karnataka,
*27) Interest payable on savings bank accounts is regulated by which bank?*
Ans :- RBI,
*28) Many times we read about Hawala transactions in newspapers. Hawala in India is prohibited under the provision of which Act?*
Ans :- Foreign Exchange Management Act,
*29) Which is material alteration of a negotiable instrument?*
Ans :- Converting an order cheque to bearer cheque,
*30) Which loan constitutes the largest percentage of Retail loans in India?*
Ans :- Home loans,
*31) Credit risk to the bank is high from which of these cards?*
Ans :- Credit cards,
*32) Which is a Credit Card Association?*
Ans :- Master Card,
*33) What is the Rate at which the domestic currency can be converted into foreign currency and vice-versa is known as?*
Ans :- Exchange rate,
*34) Which are the bank branches that can undertake foreign exchange business directly are known as in foreign exchange?*
Ans :- Exchange branches,
*35) By which is insurance cover for bank deposits in our country provided?*
Ans :- DICGC,
*36) Which is the loan of very small amounts given to low income groups?*
Ans :- Micro credit,
*37) Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) are terms most closely related to which of the following industry/ market?*
Ans :- Banking industry,
*38) What is the maximum period for which domestic term deposits are normally accepted by banks in our country?*
Ans :- 1Erwin Rommel:
0 years,
*39) Monetary Policy as an arm of the economic policy is administered by which bank?*
Ans :- Reserve Bank of India,
*40) Which reserves can act as a liquidity buffer for commercial banks during crisis times?*
Ans :- SLR,
*41) By whom are Savings bank accounts opened?*
Ans :- Individuals for savings purposes,
*42) Many a times we read in the news paper about CASA deposits of banks. CASA what are deposits?*
Ans :- Demand deposits,
*43) Assume that Reserve Bank of India reduces the Bank Rate by 1%, what will be its impact?*
Ans :- More liquidity in the market,
*44) Whose signature is found on a 50 rupee currency note in India?*
Ans :- Governor, RBI,
*45) Which institution is involved mainly in granting Housing Loans?*
Ans :- HDFC,
*46) Almost all banks in our country have introduced which facility for granting crop loans to farmers?*
Ans :- Kisan Credit Cards,
*47) What is meant by financial inclusion?*
Ans :- Making available banking services at an affordable cost,
*48) Which agency/organization in India maintains the Micro. Finance Development and Equity Fund?*
Ans :- National Bank for Agriculture and Rural Development (NABARD),
*49) A bank branch receives a counterfeit note of Rs. 100 from the customer, which customer wants it back. Which action should be taken by the Bank?*
Ans :- Will impound and not return,
*50) In India, which of the following have the highest share in the disbursement of credit to agriculture and allied activities?*
Ans :- Microfinance Institutions,
*51) What is the mean of Bad debts?*
Ans :- Amounts owed to a company that are not going to be paid,
*52) What is the maximum permissible limit for investment in PDF account in a financial year?*
Ans :- Rs. 150000,
*53) In our country, till when a cheque remains valid for payment for from the date of issue?*
Ans :- 3 months,
*54) The Govt. of India has acquired RBI’s stake in one of the major banks of India. Which that bank?*
Ans :- State Bank of India,
*55) Credit Cards are known by which another name?*
Ans :- Plastic money,
*56) On domestic term deposits, banks in our country generally offer additional rate of interest on term deposits from which citizens?*
Ans :- Senior citizens,
*57) Which instrument cannot be transferred from one person to another by endorsement*?
Ans :- Fixed Deposit Receipt,
*58) Crossing applies to which instrument?*
Ans :- Cheques,
*59) Salary payable by Government of India to an Indian Citizen for services outside India* –
Ans :- Is taxable in India,
*60) Which asset can be mortgaged?*
Ans :- Land and Building,
*61) Which is foreign bank having offices/branches in India?*
Ans :- Standard Chartered Bank,
*62) Basel-II norms are associated with which aspect of the banking industry?*
Ans :- Risk management,
*63) If PAN details are not provided, the TDS is deducted at which rate*?
Ans :- 20%,
*64) What does the lowering of Bank Rate by the Reserve Bank of India leads to* –
Ans :- More liquidity in the market,
*65) By which bank is the rate of interest on Savings Bank Account stipulated?* –
Ans :- RBI,
*66) Which bodies regulates monetary policy in India?*
Ans :- Reserve Bank of India,
*67) Resurgent India Bonds were issued in US Dollar, Pound Sterling and* –
Ans :- Deutsche Mark,
*68) Currency market is regulated by the Reserve Bank of India (RBI), while currency futures are jointly regulated by the RBI and which other banks* ?
Ans :- SEBI,
*69) A bank without any branch network that offers its services remotely through online banking, telephone/mobile banking and inter-bank ATM network alliances is known as* -
Ans :- Universal Banking,
*70) The present Indian monetary system is based on* –
Ans :- Minimum Reserve System,
*71) In India, which is regulated by the forward Markets Commission*?
Ans :- Commodities Futures Trading,
*72) Goodwill account is a* –
Ans :- Real account,
*73) Financial year in banks is a period from* –
Ans :- April to March,
*74) If saving exceeds investment, how will the national income*?
Ans :- Remain constant,
*75) ... is the rate of which the central bank of a country (Reserve Bank of India) lends money to commercial banks in the event of any shortfall of funds* -
Ans :-Repo Rate,
*76) How does a decrease in SLR affect the market*?
Ans :- Liquidity increases,
*77) What does DTL stand for in the field of banking*?
Ans :- Demand and Time Liabilities,
*78) Real time settlement of fund transfer is known as* –
Ans :- RTGS,
*79) In banking business, when the borrowers avail a Term Loan, Initially they are given a repayment holiday and this is referred to as* -
Ans :- Moratorium,
*80) Interest below which a bank is not expected to lend to customers is known as* -
Ans :- Base Rate,
*81) Interest on Savings deposit nowadays is* -
Ans :- Fixed by the respective Banks,
*82) Banking Ombudsman is appointed by* -
Ans :- RBI,
*83) Bank deposits that can be withdrawn without notice are called* -
Ans :- Demand deposits,
*84) Suvidha Fixed Deposit scheme was launched by which bank*?
Ans :- IDBI,
*85) What does demonetisation mean*?
Ans :-Withdrawal of currency from circulation which is done to ambush black market,
*86) Increase in cash reserve ratio leads to* -
Ans :- decrease in bank credit,
*87) The Reserve Bank of India came into existence on* -
Ans :- April 1, 1936,
*88) How many banks were nationalized in 1969*?
Ans :- 14,
*89) The Reserve Bank of India issues notes under the following note issue method* -
Ans :- Minimum reserve system,
*90) The place where bankers meet and settle their mutual claims and accounts is known as* -
Ans :- Clearing House,
*91) Banks in India were nationalised for the first time in the year* -
Ans :- 1969,
*92) In India since Independence* -
Ans :- the rate of savings and investment have gone up,
*93) When was the IDBI ( Industrial Development Bank of India ) instituted*?
Ans :- 1964,
*94) When was the Reserve Bank of India taken over by the Government*?
Ans :- 1948,
*95) Bank rate is the rate of interest* -
Ans :- At which Commercial Banks borrow money from RBI,
*96) The highest dnomination of currency notes in circulation as legal tender in India is a present* -
Ans :- Rs. 1000
*97) Who headed the Committee on Computerisation in Indian banks (1988)*?
Ans :- M. Narasimhan
*98)The Reserve Bank of India issues* -
Ans :- all the currency notes except the one rupee note
*99) The main function of the Exim Bank is* -
Ans :- to promote exports and curtail imports,
*100) A Bank's Fixed Deposit is also referred to as a* -
Ans :- Term Deposit...
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