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11) c 12) e 13) b 14) c 15) a 16) a 17) c 18) b 19) c 20) d
21) c 22) d 23) e 24) e 25) d 26) e 27) b 28) e 29) c 30) d
31) a 32)c
d) 1969
e) None of these
4) Nationalisation of six banks in..
a) ) 1949
b) 1955
c) 1959
d) 1969
e) 1980
5)The largest commercial bank in India:
a) SBI
b) ICICI Bank
c) PNB
d) HDFC Bank
e) None of these
6) The Second largest public sector commercial bank in
India:
a) Punjab National Bank
b) Bank of Baroda
c) Bank of India
d) IDBI Bank
e) Corporation Bank
7) The Largest private sector commercial bank in India:
a) AXIS Bank
b) HDFC Bank
c) ICICI Bank
d) Federal Bank
e) None of these
8) The second largest private sector commercial bank in
India:
a) IDBI Bank
b) AXIS Bank
c) HDFC Bank
d) ICICI Bank
e) None of these
9) The first Indian bank to open a branch outside India in
London in 1946:
a) State Bank of India
b) Punjab National Bank
c) Bank of Baroda
d) Canara Bank
e) Bank of India
10) Latest Public Sector Bank inIndia:
a) SBI
b) ICICI Bank
c) HDFC Bank
d) IDBI Bank
e) None of these
11) Latest Private Sector Bank inIndia:
a) Federal Bank
b) South Indian Bank
c) YES Bank
d) Kotak Mahindra Bank
e) None of these
12) The Largest foreign bank operating inIndia:
a) Citi Bank
b) HSBC
c) Barclays Bank
d) ABN Amro Bank
e) Standard Chartered Bank
13) Which bank is the largest issuer of credit cards
inIndia?
a) SBI
b) ICICI Bank
c) HDFC Bank
d) IDBI Bank
e) None of these
14) Who is the current MD & CEO of ICICI Bank?
a) Shyamala Gopinath
b) Shikha Sharma
c) Chanda Kochhar
d) Renu Challu
e) Sushma Nath
15) The Chairman of Indian Banks Association (IBA) (For
2011-12):
a) M.D.Mallya
b) Pratip Chaudhuri
c) D.Subbarao
d) Subir Gokarn
e) U.K.Sinha
16) The largest bank inChina:
a) Industrial and Commercial Bank of China Ltd. (ICBC)
b) Hongkong and Shanghai Banking Corporation(HSBC)
c) Deutsche Bank AG
d) BNP Paribas
e) DBS Bank
17) Bad loans in banking terminology are generally
known as
a) CBS
b) PLR
c) NPAs
d) CRR
e) None of these
18) In Financial Term NPA, P stands for..
a) Potential
b) Peforming
c) Prodiction
d) Professional
e) None of these
19) Which of the following pairings is wrong?
(Bank & Country)
a) Citi Bank : USA
b) ABN AMRO Bank : TheNetherlands
c) BNP Paribas :Russia
d) Hongkong and Shanghai Banking Corporation(HSBC)
:United Kingdom
e) Deutsche Bank AG :Germany
20) Which of the following pairings is wrong?
(Bank & Country)
a) Barclays Bank : United Kingdom
b) J P Morgan Chase Bank :USA
c) Societe Generale :France
d) Standard Chartered Bank :South Africa
e) Sonali Bank :Bangladesh
a) IDBI Bank
b) HDFC Bank
c) YES Bank
d) ICICI Bank
e) UTI Bank
25) Which of the following is not a commercial bank?
a) IDBI Bank
b) HDFC Bank
c) ICICI Bank
d) EXIM Bank
e) AXIS Bank
26) Which of the following pairings is
wrong?(Bank/Financial Institution & Establishment Year)
a) RBI : April 1, 1935
b) SBI : July 1, 1955
c) NABARD : July 12, 1982
d) NHB : July 9, 1988
e) SIDBI : April 1, 1990
27) The largest bank inPakistan:
a) State Bank of Pakistan
b) Habib Bank Limited
c) Sonali Bank
d) DBS Bank
e) None of these
28) Consider the following sentences:
A. Non Performing Asset (NPA) is an asset, including a
leased asset, becomes non performing when it ceases to
generate income for the bank.
B. Core banking is a general term used to describe the
services provided by a group of networked bank
branches. The platform where communication
technology and information technology are merged to
suit core needs of banking is known as Core Banking
Solutions.
C. Banking Ombudsman is an independent dispute
resolution authority provided by RBI to deal with
disputes that bank customers have with their respective
banks.
D. Base Rate is the minimum rate of interest that a bank
is allowed to charge from its customers. Unless
mandated by the government, RBI rule stipulates that no
bank can offer loans at a rate lower than base Rate to
any of its customers.
E. NBFC or Non Banking Financial Companies is a
company in India, which is registered under the
Companies Act, 1956, and which provides banking
services without meeting the legal definition of a bank.
Which of the statements given above is/are correct?
a) Only A & B
b) Only B & C
c) Only C & D
d) Only D & E
e) All are correct
29) Which of the following is the Apex level institution
for housing?
a) EXIM Bank
b) NABARD
c) NHB
d) SIDBI
e) None of these
30) Which of the following is not a nationalized bank?
a) PNB
b) Indian Bank
c) Bank of India
d) Karnataka Bank
e) Canara Bank
31) Which of the following banks was merged with ICICI
Bank in 2010?
a) Bank of Rajasthan
b) Bank of Maharashtra
c) Karnataka Bank
deposits)
10. Loans which can be called back by the bank at a very
short notice of one day to fourteen days are called ..........
(Money at call)
11. The maturity period of term loans is more than ..........
(One year)
12. Banks are called public conservators of ..........
(Commercial virtues)
13. Unit banking system originated and grew in ..........
(U.S.A.)
14. Banking system which is very popular and successful
in India is .......... (Branch banking system)
15. 14 major commercial banks were nationalised in
.......... (July, 1969)
16. A nine member committee on the financial reforms
under the Chairmanship of Narasimham submitted its
report on .......... (December 1991)
17. Lead Bank Scheme was introduced by the Reserve
b. Only 2
c. Both 1 & 2
d. None of the above
Ans: b
4. The Reserve Bank of India (RBI) in a bid to tame
inflationary pressure hiked the short-term indicative
policy rate (repo rate) by 50 basis points on 26 July 2011.
The repo rate currently stands at what percentage?
a. 7%
b. 7.5%
c. 8%
d. 8.5%
Ans: c
5. Which bank posted a 99 per cent drop in net profit at
Rs 21 crore for the fourth quarter ended 31 March 2011
against Rs 1867 crore during the corresponding period in
2010?
a. Indian Overseas Bank
b. State Bank of India
c. Bank of India
d. United Bank of India
Ans: b
6. Who did global payments processing company
c. Syndicate Bank
d. Bank of Baroda
Ans: c
18. The government suspended M Ramadoss for alleged
violations in issuing insurance cover to an airline during
his stint as head of another state-run insurer. To which
insurance group did he belong to?
a. New India Assurance
b. LIC
c. GIC
d. ICICI Insurance
Ans: a
19. Which of the following banks in early May 2011
entered into a tie-up with non-banking finance
companies such as Future Capital, Bajaj Finance, and
Reliance Capital to grow its retail portfolio?
a. Central Bank of India
b. State Bank of India
c. Bank of India
d. HDFC Bank
Ans: a
20. Which are the two Gujarat-based cooperative sector
lenders on which Reserve bank of India imposed a
D
213. Small Industries Development Bank of Indias 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) None of the above
A
214. National Equity Fund Scheme of SIDBI provides
(a) Equity type of support to small sector
(b) Rehabilitation of viable sick units in the SSI sector
(c) Both of the above
(d) None of the above
C
215. The Industrial Finance Corporation of India was set
up in
(a) March 1948 (b) April 1948
(c) July 1948 (d) October 1948
C
216. IFCI extends financial assistance for
% additional interest on
(a) All deposits accounts except current deposits
(b) All deposits accounts including current deposits
(c) Savings accounts and time deposits of less than three
years
(d) None of the above
C
240. Land mortgage banks are renamed since 1996-97 as
(a) Land Development Banks (b) Co-operative Central
Banks
(c) NABARD (d) Lead Bank
A
241. Co-operative banks are
(a) Private sector banks (b) Public sector banks
(c) Joint-sector banks (d) None of the above
A
242. Certificate of Deposit can be issued by
(a) Reserve Bank, NABARD and Exim Bank only
(b) Commercial banks and term lending institutions
(c) Scheduled commercial banks excluding regional rural
banks
(d) All the above
D
A
259. A person can not be called a holder of an instrument
if he has obtained the instrument
(a) By unlawful means
(b) For an illegal consideration
(c) By fraud, coercion, duress or fear
(d) All of these
D
260. The relationship between a banker and a customer
is
(a) That of a debtor and a creditor
(b) That of a creditor and a debtor
(c) Primarily that of a debtor and a creditor
(d) (a) and (b) together
C
261. To constitute a person as a customer
(a) There must be a single transaction of any nature
(b) There must be some sort of an account
(c) There must be frequency of transactions
(d) There must be dealing of a banking nature
B
262. The banker has a lien on
(a) Bonds given for collection (b) Bonds given for safe
custody
(c) Bonds left by mistake (d) (a) and (b) together
A
263. The banker has a statutory obligation to
(a) Honour customers cheques
(b) Exercise lien
(c) Maintain secrecy of his customers accounts
(d) Honour customers bills
A
264. In executing the standing instructions, there exists a
relationship of
(a) Trustee and beneficiary (b) Debtor and creditor
(c) Bailee and bailor (d) Agent and principal
D
265. The most undesirable customer is
(a) A minor (b) A married woman
(c) An unregistered firm (d) An undischarged bankrupt
D
266. Contracts by lunatics in India
(a) Always valid (b) Always void
(c) Always voidable (d) At times voidable
C
267. The best procedure for opening an account in the
name of a minor x and the guardian y would be under
the style.
(a) x account (b) x account - minor
(c) y in trust for x (d) y account
C
268. The balance of joint account in the name of x, y and
z should be paid on the death of x
(a) To the legal representative of x
(b) To y and z
(c) To y or z
(d) To the legal representatives of x, y and z
D
269. A customers letter of instructions, without any
stamp, in connection with the operations of his account
is known as
(a) Mandate (b) Probate
(c) Power of attorney (d) Authority letter
A
270. The most important feature of negotiable
instrument is
B
279. An order cheque can be converted into a bearer
cheque by means of
(a) Sans recourse endorsement (b) Special endorsement
(c) Blank endorsement (d) Sans frais endorsement
C
280. Endorsement signifies that the
(a) Endorser has got a good title
(b) Endorsers signature is genuine
(c) Previous endorsements are genuine
(d) All the above
D
281. One of the following endorsements is not a valid
one
(a) Conditional endorsement (b) Restrictive endorsement
(c) Partial endorsement (d) Facultative endorsement
C
282. Negotiability gives to the transferee what title of the
transferor
(a) Better title (b) No title
(c) The same title (d) No better title
A
(b) Commodities
(c) Coins and notes
(d) All the above
ANS : B
130. What rate of interest is charged on the advances
made against Duty Draw Back Scheme?
(a) Same as of export advance
(b) Same as on working capital
(c) Same as of export refinance
(d) Nil
ANS : D
131. Contract of insurance is a contract of
(a) Agency
(b) Indemnity
(c) Bailment
(d) Guarantee
ANS : B
132. The insurance policy over the security is arranged
for in the name of the
(a) Borrower and endorsed in favour of the bank
(b) Bank
(c) Borrower
(d) None of the above
ANS : A
133. Bank becomes pledge over the
(a) Supply bills
(b) Demand bills
(c) Import bills
(d) Export bills
ANS : C
134. Who registers the firm?
(a) Deputy Commissioner
(b) Bank
(c) Registrar of Firms
(d) Registrar of Companies
ANS : C
135. Which of the following are covered under pledge?
(a) Actual delivery of the goods
(b) Factory type pledge
(c) Constructive delivery of the goods
(d) All the above
ANS : D
136. Cash credit accounts are closed
(a) On the death of the agent
(b) On the death of the principal
ANS : B
140. For which are the reserves maintained before
issuing the following?
(a) One rupee notes
(b) One rupee coins
(c) All notes and coins
(d) RBI notes
ANS : D
141. At the time of first nationalisation which bank had
the highest deposits?
(a) Punjab National Bank
(b) Canara Bank
(c) Central Bank of India
(d) Bank of India
ANS : C
142. New branch in rural and semi-urban area should
cover an average population of over
(a) 13,000
(b) 17,000
(c) 20,000
(d) 25,000
ANS : A
(b) Vaghul
(c) Chakravarthy
(d) Narasimhan
ANS : B
173. A transferable letter of credit cannot be transferred
more than
(a) Once
(b) Twice
(c) Three times
(d) Four times
ANS : A
174. If the word irrevocable or revocable is not indicated
in a letter of credit, then the credit shall be deemed as
(a) Revolving credit
(b) Standby credit
(c) Revocable credit
(d) Irrevocable credit
ANS : C
175. Service charges on Foreign Letter of Credit are fixed
by
(a) IBA
(b) FEDAI
(c) RBI
(d) IBRD
ANS : B
176. Exchange portion of Demand Bills purchased is
credited to which account?
(a) Discount
(b) Commission
(c) Exchange
(d) Interest
ANS : D
177. Unclaimed pass-books lying with the bank may be
cancelled and destroyed after how many years?
(a) 2
(b) 3
(c) 5
(d) 10
ANS : B
178. The Government has allowed certain remission on
which of the following bills?
(a) Usance
(b) Demand
(c) Exchange
(d) All the above
ANS : A
ANS : D
186. A branch can be kept opened for Government
business on a public holiday on the orders of the
(a) Collector
(b) Branch Manager
(c) Governor of the RBI
(d) Prime Minister
ANS : A
187. Who pays commission to banks for conducting
Government business?
(a) Government of India
(b) State Government
(c) RBI
(d) Central and State Governments
ANS : C
188. Which country has the lowest rate of interest on
advances?
(a) India
(b) Switzerland
(c) Japan
(d) USA
ANS : B
(b) 112.3
(c) 467.8
(d) 100.5
ANS : B
193. With regard to the export policy of the Government
of India, find out the correct statement
(a) All commodities can be exported without licence
(b) Export licences are required for only a few items
(c) Export licences are required for all items
(d) All the above
ANS : C
194. We can open a savings bank account in the sole
name of a minor if he completes age of
(a) 6 (b) 10
(c) 18 (d) 21
ANS : B
195. The Banking Regulations Act, 1949 was enacted to
(a) Nationalise the banks
(b) Open regional rural banks
(c) Consolidate and amend the laws relating to banking
companies
(d) Inviting foreign banks
ANS : C
ANS : C
200. The remaining six banks were nationalised on
(a) April 15, 1980
(b) April 5, 1980
(c) April 1, 1980
(d) none of the above
ANS : A
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BANK EXAM QUESTIONS SET 3
76. Maximum period of a usance bill considered by bank
is
(a) 6 months
(b) 9 months
(c) 12 months
(d) 24 months
ANS : A
77. Which of the bills has no grace period?
(d) 12 months
ANS : C
(c) Cochin
(d) Chennai
ANS : C
95. Gilt-edged securities are
(a) Shares of a private limited company
(b) First-class Government securities
(c) Shares of a company
(d) None of the above
ANS : B
96. Certificate of Deposits can be issued for a minimum
period of
(a) 45 days
(b) 3 months
(c) 6 months
(d) 1 year
ANS : B
97. Telegraphic Transfer Receipt is a
(a) Bearer instrument
(b) Order instrument
(c) Non-negotiable
(d) Business letter
ANS : C
(b) Guardian
(c) Depositor
(d) Legal heirs of a deceased depositor
ANS : D
102. Which of the following has been withdrawn?
(a) Credit Monitoring System
(b) Credit Authorisation Scheme
(c) Credit Monitoring Arrangement
(d) None of the above
ANS : B
103. An executor of deceased account is appointed under
(a) Trust
(b) Court
(c) Will
(d) Family tradition
ANS : C
104. Service area approach has been launched from
(a) January 1, 1990 (b) April 1, 1989
(c) April 1, 1992 (d) July 1, 1992
ANS : B
105. While granting an overdraft against the security of
life insurance policy, the
(c) 7th
(d) 8th
ANS :
109. Is there any limit for a currency transfer?
(a) 10 lakhs
(b) 25 lakhs
(c) No limit
(d) 1 crore
ANS : C
110. Currency notes deposited in the currency chest are
the property of
(a) Respective bank
(b) RBI
(c) SBI
(d) Government of India
ANS : B
111. The minimum amount to effect a currency transfer
is
(a) Rs. 500
(b) Rs. 2,000
(c) Rs. 1,000 withdrawal deposit Rs. 500
(d) Rs. 5,000 multiples of Rs. 1,000
ANS : C
(a) RBI
(b) Concerned bank
(c) Main branch of the district
(d) Through link branch to RBI
ANS : D
116. Suprious coins detected at the counter are sent to
(a) Mint
(b) Government of India
(c) RBI
(d) IBRD
ANS : A
117. Signature on Re. 1 note is made by the Finance
Secretary but on the other notes by
(a) Prime Minister
(b) President of India
(c) Governor of Reserve Bank of India
(d) Finance Minister
ANS : C
118. On a cheque instead of two parallel lines only banks
name is written. It is a
(a) General crossing
(b) No crossing
(c) Payable to bearer
(a) 20 (b) 10
(c) 25 (d) 11
ANS : A
29. Which of the following banks are not commercial
banks ?
(a) Foreign Banks (b) State Co-operative Banks
(c) Private Banks (d) Regional Rural Banks
ANS : B
30. Regional rural banks are managed by
(a) The Central Government (b) The RBI
(c) The Board of Directors (d) The State Government
ANS : C
31. Under which of the following methods of note-issue
the RBI issues notes?
(a) Fixed Fiduciary System (b) Maximum Fiduciary
System
(c) Minimum Reserve System (d) Proportional Reserve
System
ANS : C
32. Cash deposit ratio means
(a) The percentage of cash-in-hand-balance with the
Central Bank to the aggregate deposits
(a) SBI
(b) Canara Bank
(c) Bank of Baroda (d) Bank of India
ANS : C
37. A usance bill can be drawn for a minimum period of
(a) 1 day (b) 2 days
(c) 3 days (d) 4 days
ANS : A
38. Savings bank deposits are exempted from wealth tax
up to
(a) 2 lakhs (b) 5 lakhs
(c) 10 lakhs (d) 20 lakhs
ANS : B
39. The amount of unclaimed bankers cheques is
credited to
(a) Respective LHO
(b) Respective Module
(c) Charges A/c (Misc) (d) Commission A/c
ANS : D
40. SBI is having maximum number of foreign offices in
(a) U.S.A.
(b) U.K.
(c) West Germany (d) Japan
ANS : B
following
(a) Bill of Exchange (b) Promissory Note
(c) Usance Bills
(d) Cheque
ANS : D
59. Crossing denotes
(a) Cheque cannot be transferred by the payee.
(b) A direction to the paying bank to pay the Cheque
through a bank.
(c) Cheque will be paid through clearing only.
(d) Not payable across the counter but will be credited to
the account of the holder.
ANS : D
60. A Non-negotiable crossing is a
(a) General crossing
(b) Special crossing
(c) Restricted crossing
(d) Non-transferable crossing
ANS : A
61. A minor is admitted to the partnership firm as
(a) Agent (b) Partner
(c) Minor (d) Beneficiary
ANS : D
62. Legal guardian of minor is
(a) Nominated by the court for legal decision
ANS :B
7. When a debtor owes several debts to a banker and
makes a payment, the right of appropriation lies with
(a) The banker
(b) The debtor
(c) The court
(d) None of the above
ANS :B
8. A Garnishee order is served on A and B jointly. They
maintain a joint account as well as individuals accounts
with the bank. The order shall attach
(a) Only the joint account of A and B
(b)
Only the individual accounts of A and B
(c) The joint as well as individual accounts of A and B
(d) None of the above
ANS :C
9. In terms of Section 31 of the Reserve Bank of India Act,
1934 a demand draft payable to bearer may be issued
only by
(a) Nationalised Banks
(b) Scheduled Commercial
Banks
(c) Reserve Bank of India
(d) Foreign Banks
ANS :C
10. The payment of a lost demand draft is made to the
(a) Purchaser
(c) Nominee
ANS :A
(b) Payee
(d) None of the above
ANS :B
13. Travellers cheques are valid for
(a) Three months
(b) Six months
(c) One year
(d) No limit-are valid till encashed
ANS :D
14. Do the banks issue travellers cheques to noncustomers also?
(a) Yes
(b) No
(c) No - only people of repute (d) No - only to people
having annual income above Rs. 60,000
ANS :A
15. Are the travellers cheques subject to stamp duty in
India?
(a) Yes
(b) No
(c) Yes, all travellers cheques above the value of Rs.
1,000
(d) Yes, all the travellers cheques above the value of Rs.
5,000
ANS :B
16. Minimum balance required to be maintained for
cheque book facility
(a) Rs. 100
(b) Rs. 200
ANS :A
21. Collateral securities can be
(a) Tangible
(b) Intangible in the shape of
personal guarantee of a third party
(c) None of the above
(d) Both of the above
ANS :D
22. The Central Bank of India is
(a) The Reserve Bank of India
India
(c) The Andhra Bank
ANS :A