SYNDICATE INSTITUTE OF BANK MANAGEMENT,MANIPAL

FINANCIAL AWARENESS- PAPER III PPTO 2017

(TCB/TCM)

1) How much amount allocated in Budget for Pradhan Mantri Fasal Bima Yojana ?
1) Rs. 4000 crore
2) Rs. 5500 crore
3) Rs. 5000 crore
4) Rs. 1100 crore
5) Rs. 1200 crore
2) As per the Union Budget 2016-17, target of amount sanctioned under Pradhan Mantri
Mudra Yojana has been increased to
1) 1,80,000 crore rupees
2) 1,90,000 crore rupees
3) 1,70,000 crore rupees
4) 2,00,000 crore rupees
5) 2,50,000 crore rupees
3) Union Government announced Krishi Kalyan Cess of 0.5% on all taxable services to
fund farm initiatives. The cess will be effective from
1) 1 April 2016
2) 1 May 2016
3) 1 June 2016
4) 1 July 2016
5) 1 Aug 2016
4) Upper limit on investment in Kisan Vikas Patra (KVP) ?
1) 5000 2)10000 3) 15000 4) 20000 5) No Upper Limit
5) What does CRISIL stand for?
1 )Credit Rating and Industrial Services of India Limited
2) Cash Rating and Industrial Services of India Limited
3) Credit Rating and Investment Services of India Limited
4) Currency Rating and Investment Services of India Limited
5) Credit Rating and Investigation Services of India Limited
6) What is the minimum capital requirement for New Banks in the Private Sector?
1) Rs. 200 crore
2) Rs. 300 crore
3) Rs. 500 crore
4) Rs. 600 crore
5) Rs. 800 crore
7) Which type of machine is used by Business Correspondents?
1) Micro ATMs
2) POS
3) Biometric Card Reader
4) Solar empowered
5) Water resistant

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8) Union Government has decided to set up a Bank Board Bureau (BBB) to monitor key
performance indicators of two dozen public sector banks (PSBs). BBB will start
functioning from ___.
1) 31st December 2015
2) 1st January 2016
3) 31st March 2016
4) 1st April 2016
5) 1st June 2016
9)

10)

The Main activity of the Financial Intelligence Unit India (FIUIND) is to control:
1) Tax Evasion
2) Money Laundering
3) Terrorism
4) Avoiding NPAs
5) Avoiding frauds in ATMs
Union Govt. is poised to issue long-term government securities (G-secs), which
will be the longest tenure securities to be brought out by the government. What
will be tenure of these G-secs, as announced by the Reserve Bank of India (RBI)
on 19 October 2015?
1) 10 Years
2) 20 Years
3) 25 Years
4) 30Years
5) 40 Years

11)
What is the name given to Union Finance Ministrys flagship project
which aims at
widening the tax base by catching tax evaders using technology,
for which the
ministry recently floated a tender worth over Rs. 150 crore to buy
data analytics
software and related infrastructure?
1) Project Pehal
2) Project PAN
3) Project Insight
4) Project e- lekhan
5) Project e-file
12)
Which African country is on its way to legally end its virtually worthless local
currency
which has witnessed hyper-inflation as high as 500 billion per cent in the recent times
1) Moraco
2) Algeria
3) Zimbabwe
4) Kenya
5) Gabon
13)

What would be the maximum sum assured for life insurance policies sold through
common service centres (CSCs) as proposed in the draft regulations released by the
Insurance Regulatory and Development Authority of India (IRDA)?
1) Rs.50000
2) Rs.100000

SYNDICATE INSTITUTE OF BANK MANAGEMENT,MANIPAL

14)

15)

3) Rs.150000
4) Rs.200000
5) Rs.250000
Rajya Sabha on 3 August 2016 passed The Constitution (122nd Amendment) (GST)
Bill, 2014. The Bill exempts which of the following Goods and Services from its
purview?
1) Tobacco Products
2) Alcohol
3) Steel
4) Petroleum Products
5) Furniture
Name the Bill passed by the Rajya Sabha on August 9 regarding loan recovery.
1) Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous
Provisions (Amendment) Bill,2016
2) Financial Institutions Reform, Recovery, and Enforcement Act, 2016
3) Recovery and Reinvestment (Amendment) Act, 2016
4) The Negotiable Instruments (Amendment) Bill, 2016
5) Limitation Act, 2016

16)

STR in the context of PMLA stands for

1) suspicious Transfer Reports
2) Suspicious Transaction Reports
3) Suspicious Transaction References
4) Suspicious Transaction Regularisation
5) Suspended transaction report

17)

___________ launched fund transfer based on Aadhaar Number through NUUP,

using an ordinary mobile phone without internet connection. ?
1) SBI
2) Syndicate Bank
3) HDFC Bank
4) AXIS Bank
5) ICICI Bank

18)

RBI introduced a policy of zero liability for customers in third-party frauds if they are
reported within ______________. RBI announced it after being Concerned over rise
in complaints about unauthorized electronic transactions. In cases where victim
notifies fraud between 4 to 7 days, liability will be capped at Rs 5,000 ?
1) 7 days
2) 6 days
3) 5 days
4) 4 days
5) 3 days

19)

Government launched a performance and credit rating scheme to assess

creditworthiness of industries of _________. Performance and Credit Rating Scheme
will provide trusted third party opinion to create awareness about strengths and

SYNDICATE INSTITUTE OF BANK MANAGEMENT,MANIPAL

weaknesses of enterprises ?
1) MSMEs
2) Banks
3) Steel Plants
4) Asset Reconstruction Companies
5) DISCOMS
20)

Government has set an inflation target of ________ for upto March 31, 2021.
Government will soon set-up Monetary Policy Committee (MPC) to adhere to the
target till March 31, 2021. This target was fixed after Government and Reserve Bank
of India (RBI) reached an agreement on a monetary policy framework ?
1) 4 %
2) 5 %
3) 6 %
4) 7 %
5) 8%

21)

Government approved scheme for grant of Permanent Residency Status (PRS) to

foreign investors to encourage foreign investment in India. PRS will be granted for a
period of 10 years with multiple entry and foreign investor will have to invest at least
_______ over 18 months or 25 crore in 36 months and generate employment for
minimum 20 Indians every year ?
1) 40 crore
2) 30 crore
3) 20 crore
4) 10 crore
5) 5 crore

22)

Government formally withdrawn recognition of ______ Stock Exchange after

allegations of serious irregularities in its functioning. ?
1) Ahmedabad
2) Bombay
3) Delhi
4) Chennai
5) Lucknow

23)

________ Government released its 6th Economic Census report. It was started in
2012 and completed in two phases. ______ is first state to complete economic
census and release report ?
1) Uttar Pradesh
2) Rajasthan
3) Bihar
4) Himachal Pradesh
5) Gujarat

24)

As per Reserve Bank of India released Non-Banking Financial Company Account

Aggregator Directions, 2016 Net Owned Fund should not be less than ______
rupees. ?
1) 400 crore
2) 100 crore
3) 500 crore
4) 200 crore
5) 2 crore

SYNDICATE INSTITUTE OF BANK MANAGEMENT,MANIPAL

25)

The Stand up India Scheme proposes to facilitate at least ___ projects per
bank branch, to promote entrepreneurship among the target group, as per
provisions of central Govt. Budget for 2016-17:
1) One
2) Two
3) Three
4) Four
5) Five

26)

In order to lessen tax burden on individuals with income not exceeding Rs.5 lakhs,
Govt. proposes to raise the ceiling of tax rebate under section 87A of Income Tax
to:
1) Rs10,000 2) Rs 8,000 3) Rs 5,000 4) Rs 7,000 5) Rs 15,000

27)

The new manufacturing companies which are incorporated on or after 1.3.2016

are proposed to be given an option to be taxed at ___% + surcharge and cess:
1) 20% 2) 25% 3) 27.5% 4) 30% 5) 33.3%

28)

Govt. has proposed to assist the Startups through ____deduction of profits for 3 out
of 5 years for startups set up during April 2016 to March 2019:
1) 40% 2) 60% 3) 80% 4) 100% 5) 25%

29)

As per the First Bi-Monthly Monetary Policy Statement announced on 5th

April, 2016 RBI has reduced the policy Repo rate under the liquidity
adjustment facility (LAF) by _____ basis points from ____ per cent to ___ per cent.
1) 25 ; 6.5
2) 50 ; 6.5
3) 25 ; 6.0
4) 50 ; 6.25
5) 25 ; 7.25

30)

To smoothen the effect of Provisioning pertaining to Fraud Accounts on quarterly

profit and loss, banks have the option to make the provisions over a period, not
exceeding ____ quarters, commencing from the quarter in which the
fraud has been detected.
1) 1 quarter 2) 2 quarters 3) 3 quarters 4) 4 quarters 5) No such provision

31)

The Reserve Bank has launched a platform to enable trading in the Priority
Sector Lending Certificates through its Core Banking Solution (CBS) portal named
1) e-Kuber 2) e-trade 3) e-Nam 4) e-purchase 5) e-Pahal

32)

All scheduled commercial banks (including regional rural banks), urban cooperative banks, small finance banks (when they become operational) and local
area banks are eligible to participate in the trading of Priority Sector Lending
Certificates. The certificates will have a standard lot size of _____ and multiples
thereof.
1) Rs. 15 Lakhs
2) Rs. 25 Lakhs
3) Rs. 30 Lakhs
4) Rs. 35 lakhs
5) Rs. 50 lakhs

33)

As per the amended norms, if the loans guaranteed by the State Government have
remained in default for a p period of more than _____ days, a risk weight of 100
per cent should be assigned.

SYNDICATE INSTITUTE OF BANK MANAGEMENT,MANIPAL

1) 30
34)

2) 45

3) 60

4) 90

5) 100

The Pado Pradesh Scheme is applicable to students who have availed educational
loans from 2013 -14 (1st April,2013) onwards and have a family income up to per
annum.
1) 4 lakh

2) 5 lakh

3) 6 lakh

4) 7 lakh

5) 10 lakh

35)

The first financing stage for MUDRA Bank named Shishu will include the time
when a business entity is just starting its operations. The loan cover in this stage will
be :
1) Rs.25,000
2) Rs.50,000
3) Rs.75,000
4) Rs.1,00,000 5) 1,50,000

36)

The premium on accident insurance under PMJDY will be borne by?

1) National Payments Corporation of India
2) Life Insurance Corporation of India
3) General Insurance Corporation of India
4) Individual banks
5) Customer

37)

Under Pradhan Mantri Jeevan Jyoti Yojana (PMJJBY) scheme, an individual is

eligible to join the scheme at the age between 18 years to _____:
1) 30 years

38)

5) No age limit

2) 3 years

3) 4 years

4) 5 years

5) 10 years

2) 1 times

3) 4 times

4) 5 times

5) 3 times

As per RBI guidelines relating to licensing norms of Universal Banks in the

Private Sector, the validity of the in principle approval issued by the RBI will be ____
from the date of granting in-principle approval and would thereafter lapse
automatically:
1) 6 months

41)

4) 60 years

As per Jeevan Pramaan an individual has to register only _____ time in a

year and after that they can generate Jeeven Pramaan using Biometric
authentication:
1) 2 times

40)

3) 50 years

Under Atal Pension Yojana, the Central Govt will contribute 50% of total
contribution or Rs.1000 whichever is lower, to eligible subscribers a /c, for a period
of ____ years.
1) 2 years

39)

2) 40 years

2) 12 months

3) 18 months 4) 24 months

5) 30 months

All coins of denomination of 25 Paisa and below should be retained in the (SCDs) of
the bank till further advise from Reserve Bank of India. What does SCD stand for?
1) Small Coin Depots
2) Small Currency Depots
3) Small Coin Deposits
4) Small Currency Deposits
5) Small Currency Denominations

SYNDICATE INSTITUTE OF BANK MANAGEMENT,MANIPAL

42)

What is the maximum amount of deposits acceptable in Small accounts?

1) Rs.30,000/- 2) Rs.40,000/- 3) Rs.50,000/- 4) Rs.1,00,000/- 5) No Limit

43)

What is the maximum loan amount available under PMMY?

1) 5.00 lacs
2) 10.00 lacs 3) 50.00 lacs
4) 25.00 lacs

44)

5) No limit

The KYC requirement can be fulfilled through e-KYC only for those who have_
1. PAN Card

2.Voter Identity Card 3. Aadhaar Card

4.Passport 5.NREGP card

45) As per new KYC norms for NBFCs, which of the following regarding full KYC updating
of individuals and entities is NOT correct?
1. High-risk customers-at least two years

2.Medium-risk customers-at least every

8 years 3.Low-risk customers-at least every ten years 4.BPL customers- KYC
not required 5.None of the above

46)

The Reserve Bank has allowed Indians to carry high value denomination notes
(Rs.500 and Rs.1000) while travelling to Nepal and Bhutan. However, the maximum
limit that an individual can carry is __
1. 10000

47)

2.15000

3.20000

4.25000

5.50000

As per RBI guidelines, the maximum amount of penalty that Public

Sector Banks can levy for non-maintenance of minimum balance in
inoperative accounts of customers is __
Rs.500 per year
4.Rs.10 per month

1.

2.Rs.100 per half year 3.Rs.100 per quarter

5.Not to levy any penalty

48)

The maximum deposit amount insured by DICGC?

1) Rs. 1 lakh per depositors across all banks
2) Rs. 10 lakh per depositors across all banks
3) Rs. 1 lakh per depositors per a Bank
4) Rs. 10 lakh per depositors per a bank
5) There is no Insurance facility to Deposit amount

49)

ASBA (Application Supported by Blocked Amounts) used with the help of banks
associated with________________.
1) Capital Market 2) Loans 3) World Bank Grants
4) Ponzi Schemes 5) NPA accounts of Bank

50)

To promote the concept of charity towards the poor and the needy, the Indian
government has been regularly encouraging people to donate and this donation can
also be claimed as a deduction under___________?
1) Section 80F
2) Section 80G
3) Section 81F
4) Section 81G
5) Section 80

SYNDICATE INSTITUTE OF BANK MANAGEMENT,MANIPAL

FINANCIAL AWARENESS- PAPER III PPTO 2017

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