When a cheque is drawn on a bank..

When a cheque is drawn on a bank..

Banks Special
 Banking Awareness
 1.    RBI advised Public Sector Banks not to impose any penalty for?
     a)    Overdue loan installments
     b)    Not maintaining minimum balance in inoperative savings  deposit accounts
     c)    Not paying the housing loan installments regularly
     d)    Obtaining statement of acc-ount for the 2nd time in a month
     e)    None of the above
 
 2.    With the aim of achieving Fin-ancial Inclusion, Reserve Bank Of India has issued guidelines permitting the banks to em-ploy…to facilitate Business De-velopment.
     a) business correspondets
     b) franchisees
     c) business facilitators
     d) Both 'a' & 'c'
     e) None of the above
 
 3.    What does the letter 'P' denote in "BPLR", a term seen very fre-quently in banking Industry?
     a) Priority     b) Prime
     c) Property
     d) Poverty Line Register
     e) None of these
 
 4.    The time taken to convert cash into raw materials, semi finished goods, finished goods and into cash, is known as?
     a) Trade cycle    b) Cash cycle
     c) Operating cycle
     d) Revolving cycle
     e) None of the above
 
 5.    Which of the following term is used in banking field?
     a) Zero hour      b) Sedimentary
     c) Privilege Motion
     d) Interest rate swap
     e) None of these
 
 6.    Nationalization of banks aimed at all of the following except?
     a)    Provision of adequate credit for agriculture, SME & expo rts
     b)    Removal of control by a few capitalists
     c)    Provision of credit to big industries only
     d)    Access of banking to masses
     e)    Encouraging big industrialists
 
 7.    With reference to a cheque, which of the following is the 'Drawee Bank'?
     a)    The bank that collects the cheque
     b)    The payee's bank
     c)    The endorsee's bank
     d)    The endorser's bank
     e)    The bank upon which the cheque is drawn
 
 8.    Reverse mortgage scheme flo-ated by banks is related to?
     a) Below 12 years children
     b) Above 12 years age group
     c) Senior citizens
     d) All of these   e) None of these
 
 9.    A stop payment instruction of a cheque can be issued by?
     a) The payee    b) The endorsee
     c) The drawer    d) The drawee
     e) None of the above
 
 10.    RBI issued license to IDFC and Bandhan in April 2014 with in-structions to commence its bu-siness within?
     a) 12 months    b) 15 months
     c) 18 months    d) 24 months
     e) No such restriction
 
 11.    At a Railway station, you with-draw cash from ATM of State Bank of India. SBI is a?
     a) Paying Banker    
     b) Collecting Banker
     c) Advising Banker
     d) Issuing Banker
     e) None of the above
 
 12.    Interest rate on savings account deposit above Rs. 1Lakh is fixed by?
     a) RBI
     b) Respective Bank
     c) The Depositors d) NABARD    
     e) None of these
 
 13.    Which of the following is NOT an instrument of credit control?
     a)    Raising and lowering of inte-rest rates
     b)    Raising and lowering of Discount rates
     c)    Targets for priority sector loans
     d)    Raising and lowering of CRR and SLR
     e)    Raising the minimum support price of agriculture produce
 
 14.    Which one of the  following Non Resident Deposit schemes  is not permitted?
     a) FCNR  a/c    b) NRNR a/c
     c) NRE a/c    d) NRO a/c
     e) All of the above
 
 15.    The European Union has adopted which of the following as a com-mon currency?
     a) Dollar  b) Euro       c) Dinar    d) Yen      e) Peso
 
 16.    Hari issues a stop payment in-structions to his banker to Stop payment of a cheque for Rs. 20,000.00. This is?
     a) A request from Hari
     b) An intimation from Hari
     c) An advice from Hari
     d) A mandate from Hari
     e) None of the above
 
 17.    Which of the organization is made specifically responsible for empowering Micro, Small and Medium enterprise in India?
     a) NABARD    b) RBI
     c) SIDBI    d) ECGC
     e) SEBI
 
 18.    When a cheque is drawn on a bank, the bank is called the?
     a) Payee    b) Drawee
     c) Drawer    d) Endorsee
     e) None of the above
 
 19.    The minimum percentage of Priority Sector advances to be maintained by foreign banks in India?
     a) 40%    b) 18%
     c) 32%    d) 60%
     e) None of the above
 
 20.    If a bank in India, wants to un-dertake capital market activities, it should?
     a)    Obtain special license from AMFI
     b)    Obtain special license from FIMMDA
     c)    Obtain special permission from RBI
     d)    Register with SEBI
     e)    None of the above
 
 21.    Which of the following are called Non Fund based facilities?
     a) Letters of  Credit
     b) Bank Guarantees    
     c) Co-acceptance of  Bills
     d) Trust Receipt
     e) a, b & c
 
 22.    Investing in the Tax Saver Deposit Account Scheme in a Bank would get benefit under?
     a) Sales Tax
     b) Customers Duty
     c) Excise Tax
     d) Professional Tax
     e) Income Tax
 
 23.    A company which pools money from investors and invests in stocks, bonds, shares is called?
     a) A bank
     b) An insurance company
     c) Bancassurance    
     d) Mutual Fund
     e) None of the above
 
 24.    Which was the first Mutual Fund started in India:
     a) SBI Mutual Fund
     b) Kotak Pioneer Mutual Fund
     c) Indian Bank Mutual Fund
     d) BOI Mutual Fund
     e) None of  the above
 
 25.    The apex institution which han-dles refinance for agriculture and rural development is called    a) RBI    b) SIDBI
     c) NABARD    d) SEBI
     e) None of the above
 
 26.    In respect of  Regional Rural Banks, the share holding pattern is?
     a)    Central Government 50%, St-ate Government 35%, Spon soring Bank 15%
     b)    Central Government 50%, St-ate Government 15%, Spon-soring Bank 35%
     c)    Central Government 15%, St-ate Government 35%, Spon-soring Bank 50%
     d)    Central Government 35%, St-ate Government 50%, Spon-soring Bank 15%
     e)    None of the above
 
 27.    Which of the following is NOT a Consumer Right as per Con-sumer Protection Act 1986?
     a) Right to Consumer Education
     b) Right to Safety
     c) Right to be informed
     d) Right to Negotiate
     e)    None of these
 
 28.    In bank's parlance credit risk in lending is?
 
     a)    Default of the banker to maintain CRR
     b)    Default of the banker to maintain SLR
     c)    Default of the banker to release credit to the customer
     d)    Default of the  customer to repay the loan
     e)    None of the above
 
 29.    Which of the following is cla-ssified as Retail Banking?
     a)    Home Loans
     b)    Personal Loans to Individuals
     c)    Credit Cards
     d)    Vehicle loans for personal use
     e)    All of the above
 
 30.    Maximum amount of Housing Loan that can be classified as Priority Sector Advance is?
     a) Rs.10 Lakh    b) Rs.15 Lakh
     c) Rs.20 Lakh    d) Rs.25 Lakh
     e) None of the above
 
 31.    How does a certificate of deposit (CD) differs from a fixed deposit (FD)?
     a)    Prepayment of CD is not allowed
     b)    Loan against CD is not allowed
     c)    Minimum period of both CD and FD is 7 days
     d)    a and b
     e)    None of the above
 
 32.    Which of the following service is provided only by the Reserve Bank of India?
     a)    Sale of Demand Drafts
     b)    Compilation of economic data
     c)    Issued of currency notes
     d)    Safe deposit lockers for keeping valuable
     e)    All of these
 
 33.    The type of  finance  that nor-mally State Government/ Central Government  avails as a Tem-porary Financial Assistance fro-m Reserve Bank of India is called ….
     a) Temporary Finance
     b) Short Term Loan
     c) Ways & Means Advance
     d) Overdraft
     e) None of the above
 
 34.    The First Electronic ATM was installed in Enfield Town in North London on 27th June 1967 by which bank?
     a) Bank of England
     b) Grindlays Bank
     c) Barclays Bank
     d) New bank of India
     e) None of the above
 
 35.    Maximum number of share-holders in a public limited com-pany is?
     a) 100          b) 50       c) 7    
     d) No  limit  e) None
 
 36.    Reserve bank of India's Fun-ctions are classified into?
     a) Supervisory & Regulatory
     b) Refinance Activities
     c) Promotion & Development
     d) All of these
     e) None of the above
 
 37.    A worldwide financial mes-saging network which exchanges messages between banks and financial institutions is known as:
     a) SWIFT   b) SFMS     c) NEFT
     d) CHIPS   e) CHAPS
 
 38.    Smart Card has?
     a) In-built memory
     b) No in-built memory
     c) Punched card
     d) Volatile memory
     e) None of the above
 
 39.    Which of the following is not a part of public Sector Banks?
     a) State bank of Hyderabad
     b) Indian Bank
     c)    RRB Sponsored by a Natio-nalized bank
     d) ICICI Bank
     e) None of the above
 
 KEY
 1) b    2) d    3) b    4) c
 5) d    6) e    7) b    8) c
 9) c    10) c    11) a    12) b
 13) e    14) b    15) b    16) d
 17) c    18) b    19) c    20) d
 21) e    22) d    23) d    24) e
 25) c    26) b    27) c    28) d
 29) e    30) d    31) d    32) b
 33) c    34) c    35) d    36) d
 37) b    38) a    39) d.