Showing posts with label RBI Assistant officer. Show all posts
Showing posts with label RBI Assistant officer. Show all posts
Friday, 10 March 2017
Tuesday, 17 January 2017
Dear Aspirants,
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Thursday, 12 January 2017
Q1. What does FSDC stand for?
(a) Financial Security and Development Council
(b) Financial Stability and Development Council
(c) Fiscal Security and Development Council
(d) Fiscal Stability and Development Council
(e) None of the above
Q2. ___________ has been declared the first ‘total banking state’ in India, successfully implementing the total financial inclusion thereby ensuring banking facility to all households.
(a) Maharashtra
(b) Kerala
(c) Himachal Pradesh
(d) Uttarakhand
(e) Gujarat
Q3. RBI has introduced “Marginal Standing Facility” with the objective of:
(a) Controlling Inflation
(b) Containing instability in long term inter-bank rates
(c) Containing instability in the overnight inter-bank rates
(d) All of the above
(e) None of the above
Q4. _____________ are the beneficiaries of the “Reverse Mortgage Scheme”.
(a) Government employees
(b) Senior citizens
(c) Unemployed persons
(d) Persons of BPL category
(e) None of the above
Q5. RBI was nationalized in the year-
(a) 1949
(b) 1952
(c) 1955
(d) 1964
(e) 1935
Q6. Which of the following is not a measure to control inflation as adopted by Govt. of India and/or RBI?
(a) Monetary Policy
(b) Fiscal Policy
(c) Financial Inclusion
(d) Price control
(e) Bank Rate Policy
Q7. Current accounts are meant and useful for _____?
(a) Investment purposes
(b) Identity purposes
(c) Savings purposes
(d) Day-to-day business needs
(e) Operational convenience
Q8. A _____ card is basically a payment mechanism which allows the holder to make purchase without any immediate cash outflows either physically or through his accounts?
(a) Debit
(b) Smart
(c) Credit
(d) ATM
(e) Kisan Credit
Q9. What do we mean by “Demat Accounts” in the financial markets in India?
(a) an account which is opened by the people of the lower income group of society
(b) an account in which trading of shares is done
(c) an account, which can be opened only by the Minors
(d) an account, of the nature of Current account, which can be opened only by the Corporate Houses
(e) None of the above
Q10. The ‘monetary base for credit expansion’ consists of _____?
(a) The total value of ‘high-powered money’
(b) The demand and time deposit liabilities
(c) The size of the deficit in the government’s budget
(d) All of the above
(e) None of the above
Q11. The Negotiable Instruments Act deals with ____?
(a) Cheques, demand drafts, banker’s cheques
(b) Promissory notes, bills of exchange and cheques
(c) Bills of exchange, Cheques and demand drafts
(d) Cheques, demand drafts and saving bank withdrawal forms
(e) None of the above
Q12. “Muhammad Yunus” is associated with Banking Industry and is acclaimed for his contribution in the field of ____?
(a) Micro-finance
(b) Technological advancement
(c) Consumer finance
(d) Banking Reforms in Bangladesh
(e) Low-cost housing
Q13. A NBFC is prohibited to offer or undertake _____?
(a) accept demand deposits
(b) accept time deposits
(c) Lend long term loans
(d) Pay a higher rate of interest on deposits as compared to Banks
(e) None of the Above
Q14. CBS stand for?
(a) Centralised banking system
(b) Computer based Solution
(c) Core banking Solution
(d) Customised banking Solution
(e) None of the Above
Q15. Small Industries Development Bank of India’s Single Window scheme means that a borrower is granted _____?
(a) Both term loan for fixed assets and loan for working capital through the same agency, namely, SFCs or Commercial Banks
(b) Both term and working capital through SIDBI itself
(c) Both term loan and working capital through IDBI
(d) All of the above
(e) None of the above
ANSWERS :
1. b
2. b
3. c
4. b
5. a
6. c
7. d
8. c
9. b
10.a
11.c
12.a
13.d
14.c
15.a
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Wednesday, 11 January 2017
Q1. Refinance facility is provided by NABARD. Which institutions can avail this facility?
(a) State cooperative banks
(b) Regional rural banks
(c) Commercial bank
(d) All of the above
(e) Other than the given options
Q2. Kisan Credit Cards are an effective way of reaching out to the farmers by the banks. What assistance does the farmer receive in this way?
(a) Credit facility for crops etc against an approved limit
(b) Short-term credit facility against value of his crops
(c) Long-term credit is provided against his land holdings
(d) Loan is permissible against crops sold, but payment yet to be received by the farmer
(e) Other than the given options
Q3. Which of the following is true?
(a) NBFCs can accept deposits from the public
(b) NBFCs cannot offer deposit schemes to the public
(c) Deposits of NBFCs are insured with DICGC
(d) NBFCs can accept deposits from public if they are registered and permitted by RBI
(e) Other than the given options
Q4. Base rate is the rate below which no bank can allow their lending to anyone. Who sets-up this ‘Base rate’ for banks?
(a) Individual Banks’ Board
(b) Ministry of Commerce
(c) Ministry of Finance
(d) RBI
(e) Interest Rate Commission of India
Q5. The financial assistance of loans of Rs.10000 by bank to a small borrower will be called..........?
(a) Business finance
(b) Government finance
(c) Micro finance
(d) Small finance
(e) KYC finance
Q6. (The figures in these questions are imaginary). We suppose that Cash Reserve Ratio (CRR) in country’s economy is 10%. The banking system wish a cash deposits of Rs. 1000 Crore, creates total deposits of Rs. 10,000 Crores. The Reserve Bank wishes that bank should create more deposits. Which among the following step will be taken by the Reserve Bank?
(a) It will lower the Cash Reserve Ratio
(b) It will raise the Cash Reserve Ratio
(c) It will increase the Margin Requirements
(d) It will start selling Government Securities
(e) Other than the given options
Q7. Many a times we read in the newspapers that RBI takes certain steps to curb the menace of Inflation. In this context, which among the following will not help RBI in controlling the inflation in the country?
(a) An increase in the Bank Rate
(b) An increase in the Reserve Ratio Requirements
(c) A purchase of securities in the open market
(d) Rationing of the credit
(e) Other than the given options
Q8. We suppose that Reserve Bank of India would like to increase the cash Reserves of the commercial banks. Which among the following would be most appropriate action of the RBI to achieve this aim?
(a) RBI would release gold form its reserves
(b) RBI would raise the reserve ratio
(c) RBI would buy the bonds in the open market
(d) RBI will stop the transactions which involve the bills of exchange
(e) Other than the given options
Q9. Commercial banks are the largest category of financial intermediaries; others include?
(a) Life-insurance companies
(b) Pension funds
(c) Savings and loan institutions
(d) All of the above
(e) Other than the given options
Q10. An average citizen cannot open a Savings account in which of the following?
(a) Commercial bank
(b) Post office
(c) Co-operative bank
(d) RBI
(e) Other than the given options
Q11. Educational for All Development Index is released by -
(a) IMF
(b) World Bank
(c) UNO
(d) WTO
(e) Other than the given options
Q12. Which of the following is/are TRUE about the “Village Gram Bank Scheme”?
(a) The scheme is launched to provide safeguards against Starvation during the period of natural calamities or lean season
(b) The gram banks are set up in food scare areas like drought prone areas
(c) Village Panchayats who were running Village Grain Banks earlier are now not authorized to run
(d) Both (a) and (b)
(e) Other than the given options
Q13. Non-Agricultural Market Access (NAMA) word is related to which organization?
(a) WTO
(b) UNCTAD
(c) IMF
(d) World Bank
(e) NDB
Q14. SEBI is related to _________.
(a) Bank
(b) Government of India
(c) Share Market
(d) State Government
(e) Other than the given options
Q15. The National Planning Council (NPC) was formed on 3rd February ______ to ensure coordination of planning functions of different sectors, to determine national priorities, to provide advice on long term development policies and strategies, to ensure sustainable development of the nation and to ensure balanced and equitable development at provincial level.
(a) 1996
(b) 2992
(c) 2012
(d) 2009
(e) 2002
ANSWERS :
1. d
2. a
3. d
4. a
5. c
6. a
7. c
8. c
9. d
10.d
11.c
12.a
13.a
14.c
15.d
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Tuesday, 10 January 2017
Q1. Who is the first Governor of RBI?
(a) C.D.Deshmukh
(b) James Braid Taylor
(c) Osborne Smith
(d) Raghuram Rajan
(e) Other than the given options
Q2. Scheduled Banks of India are those banks, which are?
(a) Included in First Schedule of RBI Act, 1934
(b) Not included in First Schedule of RBI Act, 1934
(c) Included in Second Schedule of RBI Act, 1934
(d) Not included in Second Schedule of RBI Act, 1934
(e) Other than the given options
Q3. Which is not an Associate Bank of SBI?
(a) State Bank of Bikaner & Jaipur
(b) State Bank of Travancore
(c) State Bank of Mysore
(d) State Bank of Rajasthan
(e) Other than the given options
Q4. Which of the following bank is not a private sector bank in India?
(a) Federal Bank
(b) Yes Bank
(c) IndusInd Bank
(d) UCO Bank
(e) Other than the given options
Q5. Which private sector bank is recently merged with Kotak Mahindra Bank (KMB)?
(a) ING Vysya Bank
(b) Karur Vysya Bank
(c) Lakshmi Vilas Bank
(d) Jammu and Kashmir Bank
(e) Other than the given options
Q6. Currently, Which of the following combination has female CMDs or heads?
(a) HDFC, ICICI, Axis Bank
(b) ICICI, Axis Bank, Kotak Mahindra Bank
(c) Yes Bank, Kotak Mahindra Bank, SBI
(d) SBI, ICICI, Axis Bank
(e) Other than the given options
Q7. Which one of the following rates is not decided by RBI?
(a) Repo rate
(b) Base rate
(c) Bank rate
(d) Marginal Standing Facility (MSF) rate
(e) Other than the given options
Q8. Which of the following bank is generally not considered as Commercial bank?
(a) Public Sector Bank
(b) Private Sector Bank
(c) Development Bank
(d) Foreign Bank
(e) Other than the given options
Q9. Which of the followings are Development Banks of India?
(a) Industrial Finance Corporation of India (IFCI)
(b) State Finance Corporations (SFCs)
(c) Small Industries Development Bank of India (SIDBI)
(d) All of the above
(e) Other than the given options
Q10. Which bank are Public Sector Banks of India?
(a) More than 50 % stake held by government
(b) 50 % stake held by government
(c) Less than 50 % stake held by government
(d) Less than 25 % stake held by government
(e) Other than the given options
ANSWERS :
1. c
2. c
3. d
4. d
5. a
6. d
7. b
8. c
9. c
10.a
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Monday, 9 January 2017
Q1. Who decides the Base Rate of commercial banks?
(a) RBI
(b) NABARD
(c) SBI
(d) Commercial Bank itself
(e) None of the above
Q2. M1, M2, M3 & M4 is used to measure-
(a) Unemployment
(b) Industrial production
(c) Loss in Balance of payment
(d) Money supply
(e) None of the above
Q3. Deflation refers to-
(a) General decline in price of various commodities and services
(b) Price decline in specific sectors.
(c) Price decline in specific commodities
(d) Sharp and sudden decline in foreign exchange reserves.
(e) None of the above
Q4. Which of the following is not a part of the World Bank?
(a) IBRD
(b) ADB
(c) IDA
(d) IFC
(e) MIGA
Q5. Which of the following articles of the Indian constitution is associated with Union Budget?
(a) 112
(b) 356
(c) 360
(d) 372
(e) None of the above
Q6. Which of the following statements are true about Indira Awas Yojana?
I. It will provide financial assistance to construct a permanent house for BPL families.
II. 12 crore house will be constructed by 2013-14.
III. Over 60 lakh houses will be constructed form 2009-10 to 2010-11
IV. More than 27 lakh houses will be constructed during 2011-12.
(a) Only I and II
(b) Only II, III & IV
(c) Only I, III & IV
(d) All of the above
(e) None of the above
Q7. Which of the following scheme is Rajiv Gandhi’s scheme for empowerment of adolescent girls?
(a) SABLA
(b) MNREGA
(c) ABLA
(d) IAY
(e) None of the above
Q8. The headquarter of World Bank is in –
(a) Geneva
(b) New York
(c) Washington DC
(d) Vienna
(e) None of the above
Q9. Which of the following statements is/are true about the shareholding in the Regional Rural Bank (RRB)?
I. Central govt. holds 50% stake.
II. RBI holds 50% stake.
III. State government holds 15% stake.
IV. Sponsored bank holds 35% stake.
(a) Only I & II
(b) Only II, III & IV
(c) Only I, III & IV
(d) Only I & IV
(e) None of the above
Q10. Open market operations of RBI refers to –
(a) Buying and selling of securities
(b) Trading in shares
(c) Auctioning of treasury bills
(d) Selling & purchasing of goods
(e) None of the above
Q11. Which of the following is called “paper gold”?
(a) Euro
(b) Dollar
(c) Yuan
(d) SDR
(e) None of the above
Q12. Which of the following is/was not included in the agenda set for the Banking Reforms in India?
(a) Dismantling of administered interest rates
(b) Measure to strengthen risk management
(c) Promulgation of SARFAESI Act
(d) Promotion of the concept of easy credit to all with a guaranteed subsides from the government
(e) None of the above
Q13. Which of the following organizations/agencies is not actively involved in drafting the Union Budget of India?
(a) The Planning Commission or NITI Aayog
(b) The comptroller and Auditor General of India
(c) Administrative staff of the lok sabha
(d) Ministry of Finance
(e) None of the above
Q14. In respect of which one of the following area, Y. H. Malegam Committee has submitted its recommendations?
(a) Interest on Micro Finance loans
(b) Teaser loans
(c) Rural development
(d) Advances to agriculture
(e) None of the above
Q15. Agriculture Insurance Company of India Limited (AIC) has been formed at the behest of Government of India, consequent to the announcement by the then Hon'ble Union Finance Minister in his General Budget Speech FY 2002-03. Where is headquarter of AIC?
(a) Mumbai
(b) Chennai
(c) New Delhi
(d) Lucknow
(e) Kolkata
ANSWERS :
1. d
2. d
3. a
4. b
5. a
6. d
7. a
8. c
9. c
10.a
11.d
12.d
13.c
14.a
15.c
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Sunday, 8 January 2017
Q1. National Income of India is estimated by?
(a) Central Estimates Survey Committee
(b) National Sample Survey Committee
(c) Central Statistical Organization
(d) Finance Ministry
(e) Other than the given options
Q2. Net National Product is equivalent to-
(a) Gross Domestic Product minus Depreciation
(b) Gross National Product minus Indirect Taxes
(c) Net National Income minus Depreciation
(d) Gross National Product minus Depreciation
(e) Other than the given options
Q3. Nomination facility is available to-
(a) Individuals/Sole Proprietorship accounts/Private Limited Companies
(b) Individuals/Sole Proprietorship Accounts/Partnership Accounts
(c) Individuals/Sole Proprietorship Accounts
(d) All of the above
(e) Other than the given options
Q4. Off Shore Banking Unit is?
(a) a unit which is situated in Foreign country
(b) a unit which is situated in Special Economic Zones and deals in foreign currency only
(c) a unit which is actively participating in lending foreign currency loans and in joint ventures
(d) All of the above
(e) Other than the given options
Q5. Which of the following is the apex authority for Direct Taxes?
(a) CBDT
(b) CBEC
(c) RBI
(d) SEBI
(e) Other than the given options
Q6. If a bank is unable to refund the short term deposits as funds are locked in long term loans, it involves?
(a) Interest Rate Risk
(b) Operational Risk
(c) Liquidity Risk
(d) Market Risk
(e) Other than the given options
Q7. If a cheque presented through the Clearing House is returned unpaid for any reason, the banker has to enclose the cheque to a Returning Memo while returning the instrument to the customer. This provision has been prescribed under...?
(a) Negotiable Instruments Act, 1881
(b) Reserve Bank of India Act, 1934
(c) Banking Regulation Act, 1949
(d) RBI Clearing House Rules
(e) Other than the given options
Q8. If a currency note is demonetized, it takes away the ________ of that currency.
(a) legal tender character
(b) exchange rate
(c) value
(d) All of the above
(e) Other than the given options
Q9. If credit facility applied for is rejected, the reasons therefore should be briefly mentioned in the-
(a) Loan Applications Received and Disposal Register
(b) Opinion Reports
(c) Loan Rejection Register
(d) All of the above
(e) Other than the given options
Q10. In case of Term Loans, the period of limitation is calculated as three years from?
(a) Date of documents
(b) Date of sanction
(c) Date of default
(d) Due date of each installment
(e) Other than the given options
Q11. Currency Note containing political slogan is not a legal tender as per:
(a) Legal Tender (Inscribed Notes) Act, 1964
(b) Negotiable Instruments Act, 1881
(c) Reserve Bank of India Act
(d) All of the above
(e) Other than the given options
Q12. Demand draft for Rs. 20,000 and above:
(a) can be paid in cash
(b) should not be paid in cash
(c) mode of payment will depend on the status of the customer
(d) All of the above
(e) Other than the given options
Q13. Deposits under NRE/FCNB accounts are linked to-
(a) Base Rate
(b) SIBOR
(c) LIBOR
(d) All of the above
(e) Other than the given options
Q14. Electronic Fund Transfer scheme of RBI has been renamed as:
(a) Clearing
(b) Core Banking Solutions
(c) Real Time Gross Settlement
(d) National Electronic Fund Transfer
(e) All of the above
Q15. Escrow account is useful/helpful to-
(a) importers
(b) exporters
(c) people
(d) Assets
(e) Other than the given options
ANSWERS :
1. c
2. d
3. c
4. b
5. a
6. c
7. d
8. a
9. a
10.d
11.a
12.b
13.c
14.d
15.b
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Saturday, 7 January 2017
Q1. Which of the following is NOT a direct tax?
(a) Corporation Tax
(b) Income Tax
(c) Wealth Tax
(d) Service Tax
(e) None of the above
Q2. The World Investment Report has been published annually since 1991 by?
(a) UNCTAD
(b) UNICEF
(c) WHO
(d) World Bank
(e) None of the above
Q3. What is the full form of ‘CORE’ in core banking services?
(a) Channel of Rupee Exchange
(b) Customer Online Realtime Exchange
(c) Centralized Online Rupee Exchange
(d) Centralized Online Realtime Exchange
(e) Customer Online Rupee Exchange.
Q4. Which of the following is not an instrument of money market?
(a) Money funds
(b) Share
(c) Repurchase agreement
(d) Commercial Paper
(e) None of the above
Q5. RBI was nationalized on -
(a) 1 July 1949
(b) 26 January 1951
(c) 1 April 1935
(d) 1 July 1955
(e) 1 January 1949
Q6. Which of the following is not a function of the RBI?
(a) Maintaining Forex
(b) Deciding Bank Rate, CRR and SLR from time to time
(c) Opening Savings Accounts for general public
(d) Prescribing the Capital Adequancy Ratio
(e) Currency Management
Q7. The names of which of the following rates/ratios cannot be seen in financial newspapers?
(a) Bank Rate
(b) Repo Rate
(c) Statutory Liquidity Ratio
(d) Cash Reserve Ratio
(e) Pulse Rate
Q8. Ten-rupee notes contain the signature of................?
(a) Finance Secretary, GOI
(b) Chairman, State Bank of India
(c) Governor, Reserve Bank of India
(d) Finance Minister, GOI
(e) Prime Minister
Q9. Banking and financial services all over the world are regulated usually by the Monetary Authority of the land. Who controls this function in India?
(a) Ministry of Finance
(b) SEBI
(c) RBI
(d) IRDA
(e) FEDAI
Q10. For which of the following reasons RBI has decided to undertake mid-quarter policy reviews?
(1) To re-align its policies
(2) To take steps and ensure smooth flow of credit
(3) To provide guidance to the economy
(a) Only (1)
(b) Only (2)
(c) Only (3)
(d) All (1), (2) & (3)
(e) None of the above
Q11. In India, National income is estimated by?
(a) Planning commission
(b) Indian Statistical Institute
(c) Central Statistical Organization
(d) National Sample Survey Organisation
(e) None of the above
Q12. What would be the New Price Index that would measure inflation?
(a) PPI (2011)
(b) CPI (2012)
(c) WPI (2004-2005)
(d) RTI
(e) None of the above
Q13. Which one of the following is not an objective of fiscal policy of Indian Government?
(a) Full employment
(b) Regulation of Inter-State-trade
(c) Price stability
(d) Equitable distribution of wealth & income
(e) None of the above
Q14. What is the maximum ceiling on Foreign Direct Investment (FDI) for investment in the equity of Public Sector Banks in India?
(a) 20%
(b) 26%
(c) 49%
(d) 51%
(e) 74%
Q15. Narrow Money is the term in monetary aggregates, which is represented by?
(a) M2
(b) M4
(c) M1
(d) M3
(e) None of the above
ANSWERS :
1. d
2. a
3. d
4. b
5. e
6. c
7. e
8. c
9. c
10.d
11.c
12.b
13.b
14.a
15.c
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Thursday, 5 January 2017
Q1. Interest on the savings bank accounts is compounded ____?
(a) Daily
(b) Yearly
(c) Quarterly
(d) Half-yearly
(e) All of the above
Q2. The Head of Reserve Bank of India is?
(a) Chief Executive Officer
(b) Managing Director
(c) Chief Banking Officer
(d) Governor
(e) Other than the given options
Q3. Who supplies interest-charts for different maturities and for different rates of interest?
(a) IBA
(b) RBI
(c) Government of India
(d) IBRD
(e) Other than the given options
Q4. Rates of Interest on deposits are determined by ____?
(a) IBA
(b) Ministry of Finance
(c) The Bank Itself
(d) Government of India
(e) Other than the given options
Q5. Current account becomes dormant when there are no withdrawals for the last _____?
(a) 3 months
(b) 6 months
(c) 24 months
(d) 12 months
(e) Other than the given options
Q6. One rupee notes bear the signature of..........?
(a) Governor of Reserve Bank of India
(b) Prime Minister of India
(c) President of India
(d) Secretary, Ministry of Finance (Government of India)
(e) Other than the given options
Q7. Mortgage is a..............?
(a) security on movable property for a loan given by a bank
(b) security on immovable property for a loan given by a bank
(c) concession on immovable property for a loan given by a bank
(d) facility on immovable property for a loan given by a bank
(e) security on immovable property for a deposit received by a bank
Q8. In terms of Section 5(1) (5) of the Banking Regulation Act, 1949, a ‘banking company’ means any company which-
(a) accepts deposits from the public
(b) undertakes lending of money
(c) transacts the business of banking in
(d) All of the above
(e) Other than the given options
Q9. Which of the following is not a negotiable instrument?
(a) Cheque
(b) Pay order
(c) Bill of Exchange
(d) All of the above are negotiable instruments
(e) Other than the given options
Q10. Under the Corporate Debt Restructuring (CDR) mechanism, loan assets of banks have been categorized. Which one of the following statements is not correct?
(a) Assets belonging to Standard and Sub-Standard category come under category I
(b) Assets belonging to Doubtful category come under category II
(c) Assets belonging to Doubtful and Loss categories come under Category II
(d) Out of total Loan Assets, 90 per cent is Standard and Sub-standard and Doubtful is 10 per cent this lot comes under Category I
(e) Other than the given options
Q11. These days Banks are offering Loans against Property? Under which business segment, this activity may be categorized?
(a) Corporate Banking
(b) Personal Banking
(c) Merchant Banking
(d) Portfolio Management-Services
(e) Other than the given options
Q12. What do we mean by “ECB” in financial terms?
(a) Essential Commercial Borrowings
(b) Essential Credit & Borrowings
(c) External Credit & Business
(d) External Commercial Borrowings
(e) Other than the given options
Q13. “Currency Swap” is an instrument to manage ____?
(a) Currency Risk
(b) Interest Rate Risk
(c) Currency and Interest Rate Risk
(d) Cash Flows in different currencies
(e) All of the above
Q14. “Plastic Money” denotes ________?
(a) Bearer cheque
(b) Credit card
(c) Demand Draft
(d) Traveller’s cheque
(e) Gift cheque
Q15. RBI has recently introduced Cheque Truncation System, which means that ______?
(a) Physical movement of a cheque is stopped between banks and instead an electronic image be exchanged for clearance of funds
(b) The physical movement of a cheque for clearance of funds be made more secure
(c) Issue of cheques to customers be made more secure by introducing more enhanced security features
(d) A new technology to process payments between Banks exclusively
(e) Other than the given options
ANSWERS :
1. Ans.(a)
2. Ans.(d)
3. Ans.(a)
4. Ans.(c)
5. Ans.(c)
6. Ans.(d)
7. Ans.(b)
8. Ans.(d)
9. Ans.(d)
10. Ans.(c)
11. Ans.(b)
12. Ans.(d)
13. Ans.(d)
14. Ans.(b)
15. Ans.(a)
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