Q.1.What is the relationship between a bank and customer when a locker is rented out by a bank to a person :
1.Bailor and Bailee
2.Bailee and Bailor
3.Principal and Agent
4.Lessee and Lessor
5.Lessor and Lessee
Q.2.When the government tries to meet the gap of public expenditure and public revenue through borrowing from the banking system, it is called as :
1.Deficit Financing.
2.Debt Financing
3.Credit Financing.
4.Internal Debt.
5.None of these
Q.3.Non-bank entities must have net worth of at least how much to be eligible for operating white label ATMs :
Q.3.Non-bank entities must have net worth of at least how much to be eligible for operating white label ATMs :
1Rs. 100 cr.
2.Rs. 200 cr.
3.Rs. 300 cr.
4.Rs. 400 cr.
5.Rs. 500 cr.
Q.4.World Photography day is observed on :
1.19th August
2.22nd August
3.20th August
4.17th August
5.16th August
Q.5.Which of these should be practiced when using a credit card?
1.Pay only the minimum balance since it is allowed
2.Throw away the receipt signed by you immediately afterreceiving from the cashier
3.Memories your PIN number and do not leave your PIN number in your wallet
4.Maintain as many cards as possible for convenience 5.None of these
Q.6.In India, the Chit funds are governed / regulated by ___.
1.RBI
2.Central Government
3.State Governments
4.Local Bodies
5.None of these
Q.7.Which of the statement on Islamic banking is incorrect?
(A) Islamic banking is only for Muslims
(B) Islamic banking activity do not allow paying and receiving of interest
(C) Islamic banking promotes the principle of profit sharing between banking institution and depositor
1.Only A
2.Only B
3.Only C
4.Both B and C
5.None of these
Q.8.A joint account mandates both account holders to sign,it means that -
(A) Any deposit made must be signed by both parties
(B) Any withdrawal made must be signed by both parties
(C) Any deposit and withdrawal made must be signed by both parties
1.Only A
2.Only B
3.Only C
4.Both B and C
5.None of these
Q.9.What is the role of the Credit Bureau?
(A) Blacklist borrowers with bad credit record.
(B) Collects credit information on borrowers and supplies the information back to lenders
(C) Gives credit assessment of borrowers
(D) Dictates credit decisions of financial institutions
1.Only A
2.Only B
3.Only C
4.Only D
5. None of these
Q.10.Which of the following will not help you in reducing your budget deficit?
(A)Trimming of unnecessary expenses
(B) Creating a spending plan and monitoring expenses
(C)Borrow from friends to meet daily expenses
(D)Taking a money management course
1.Only A
2.Only B
3.Only C
4.Only D
5.None of these
Q.11.Which one of the following was the purpose of the appointment of Rangachary committee?
(A)Taxation of software Development Centres & IT Sector
(B)Taxation of Biotechnology and Pharmacy sector
(C)Taxation of MSME sector
1.Only A
2.Only B
3.Only C
4.Both B and C
5.None of these
Q.12.Once a Budget has been presented in the Parliament, the government has to get all money bills related to the union budget passed within ________.
1.30 Days
2.60 Days
3.75 Days
4.90 Days
5.None of these
Q.13.The difference between the outflow and inflow of foreign currency is known as ___
(A) Foreign Exchange Reserves
(B) Current Account Deficit
(C) Fiscal Deficit
(D) Balance of Payments
1.Only A
2.Only B
3.Only C
4.Only D
5.None of these
Q.14.Which among the following schemes of the Government was launched with an objective of a slum free India?
(A) Indira Awas Yojana
(B) Rajiv Awas Yojana
(C) Ambedkar Awas Yojana
(D) Grahalaxmi Scheme
1.Only A
2.Only B
3.Only C
4.Only D
5.None of these
Q.15.The network for common data communication for banks and FIs launched by RBI :
1.BANKNET
2.INFINET
3.SWIFT
4.INTERNET
5.EXTRANET
Answers:
1).4 2).1 3).1 4).1 5).3 6).3 7).1 8).2 9).2 10).3 11).1 12).3 13).2 14).2 15).1
Answers:
1).4 2).1 3).1 4).1 5).3 6).3 7).1 8).2 9).2 10).3 11).1 12).3 13).2 14).2 15).1
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