Question - 1
MISCELLANEOUS :
What is offshore banking?
It is a bank located in the sea
It is a bank located in an SEZ
It is a bank located in a neighboring country
It is a bank located outside the country of residence of the depositor
None of these
Answer- D
Question - 2
MISCELLANEOUS :
When a Bank provides a loan for purchase of white goods, it is categorized as
Consumption loan
White goods loan
Consumer durable loan
Working capital
None of these
Answer- C
Question - 3
MISCELLANEOUS :
The rate below which banks cannot generally lend is called
Base rate
Floor rate
Repo rate
Call money rate
None of these
Answer- A
Question - 4
MISCELLANEOUS :
Which of the following is not a type of cheque?
Crossed cheque
Blank cheque
Speed cheque
Order cheque
None of these
Answer- C
Question - 5
MISCELLANEOUS :
A bank is called as ‘Scheduled Bank’ when
Its business has crossed 1000-crore mark
Its branch network is over 100
It is included in the second schedule of the RBI Act.
All of these
None of these
Answer- C
Question - 6
MISCELLANEOUS :
A money deposited in a bank that cannot be withdrawn for a preset fixed period of time is known as a ____
Term deposit
Checking Account
Saving Bank Deposit
Current Deposit
None of these
Answer- A
Question - 7
MISCELLANEOUS :
A worldwide financial messaging network which exchanges messages between banks and financial institutions is known as ____
CHAPS
SWIFT
NEFT
SFMS
None of these
Answer- B
Question - 8
MISCELLANEOUS :
The term ‘Smart Money’ refers to
Foreign Currency
Internet Banking
US Dollars
Credit Cards
None of these
Answer- D
Question - 9
MISCELLANEOUS :
Which of the following is not a ‘Money Market Instrument’?
Treasury Bills
Commercial Paper
Equity shares
All of the above
None of the above
Answer- C
Question - 10
MISCELLANEOUS :
Which of the following is a retail banking product?
Home loans
Export credit
Working capital finance
Corporate term loans
None of these
Answer- A
Question - 11
MISCELLANEOUS :
Which of the following is NOT a function of RBI?
Fiscal policy functions
Exchange control functions
Issuance exchange and destruction of currency notes
Monetary Authority functions
None of these
Answer- A
Question - 12
MISCELLANEOUS :
Which of the following is NOT required for opening a bank account?
Identity Proof
Address proof
Recent photographs
Domicile Certificate
None of these
Answer- D
Question - 13
MISCELLANEOUS :
With references to a cheque, which of the following is the ‘drawee bank’?
The Bank that collects the cheque
The payee’s bank
The endorsee’s bank
The bank upon which the cheque is drawn
None of these
Answer- A
Question - 14
MISCELLANEOUS :
What is a ‘Debit Card’?
It is a card issued by a Rating agency
It is a card which can be used for withdrawing cash or making payment even in the absence of any balance in the account
It is a card which can be used for withdrawing cash or making payments if there is balance in the account
It is a card which carries prepaid balance
None of these
Answer- C
Question - 15
MISCELLANEOUS :
Axis Bank is a
Public sector Bank
Private sector Bank
Foreign Bank
Gramin Bank
None of these
Answer- B
Question - 16
MISCELLANEOUS :
What is meant by financial inclusion?
Making available banking services at an affordable cost
Distributing money through rural branches
Distributing wages through bank accounts
Opening savings accounts in rural areas without any deposit
None of these
Answer- A
Question - 17
MISCELLANEOUS :
The term “Deficit Financing “means the Government borrows money from the
IMF
Local bodies
RBI
Public at large
None of these
Answer- C
Question - 18
MISCELLANEOUS :
Regional Rural Banks
Have limited area of operation and access to refinance from NABARD
Are required lending only to weaker sections
Are mandated to do only narrow banking
Have unrestricted area of operation
None of these
Answer- A
Question - 19
MISCELLANEOUS :
Excise duty is a tax levied on which of the following?
Production of goods
Purchase of goods
Export of goods
Sale of goods
None of these
Answer- A
Question - 20
MISCELLANEOUS :
Largest shareholder (in percentage shareholding) of a nationalized bank is
RBI
NABARD
LIC
Govt. of India
None of these
Answer- D
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