Question 1

What action is taken if one of the customers tenders forged note?&#10;A)he is sent to prison&#10;B)note is returned with remark, forged note&#10;C)note is impound&#10;D)note is torn

Accepted Answer

When a forged note is identified, the standard procedure is to impound the note to prevent it from re-entering circulation and to initiate an investigation. Returning it with a remark, sending the person to prison directly, or tearing the note are not standard initial actions.

Question 2

Head quarter of ADB is situated at&#10;A)new york&#10;B)chicago&#10;C)manila&#10;D)tokyo

Accepted Answer

The headquarters of the Asian Development Bank (ADB) is located in Manila, Philippines.

Question 3

Indian Companies have been allowed to invest upto US$ ---abroad&#10;A)10 million&#10;B)15 million&#10;C)5 million&#10;D)20 million

Accepted Answer

Indian companies have been allowed to invest up to US$10 million abroad under the Foreign Exchange Management Act (FEMA).

Question 4

As per Basel-I &#8230;&#8230;&#8230;..capital can absorb losses without a bank being required to cease trading.&#10;A)tier-i&#10;B)tier-ii&#10;C)tier-iii&#10;D)none of these

Accepted Answer

Tier-I capital, also known as core capital, consists of the primary forms of bank capital, including equity capital and disclosed reserves. It is the key measure of a bank's financial strength from a regulator's point of view because it can absorb losses without forcing the bank to cease its trading.

Question 5

Which of the following definition is most correct.UCPDC 500 is&#10;A)set of rules applicable to cc transactions&#10;B)set of rules having 500 article&#10;C)set of rules fram&#10;D)by icc governing lc business globally

Accepted Answer

The answer of Which of the following definition is most...

Question 6

If market quotes USD/INR as 43.61/63 ,at what rate can you buy USD at the given quote.&#10;A)43.61&#10;B)43.62&#10;C)43.63&#10;D)none of the above

Accepted Answer

In a currency pair quote like USD/INR 43.61/63, the first number (43.61) is the bid price, which is the rate at which you can sell USD, and the second number (43.63) is the ask price, which is the rate at which you can buy USD. Therefore, you can buy USD at 43.63.

Question 7

A new category of scheduled banks came into existence in 1975 as RRBs under the &#8230;&#8230;&#8230;&#10;A)regional rural banks ordinance,1975.&#10;B)regional reconstruction banks ordinance,1975.&#10;C)register&#10;D)rural banks ordinance,1975.

Accepted Answer

The correct answer is A) regional rural banks ordinance,1975. Regional Rural Banks (RRBs) were established under the Regional Rural Banks Ordinance in 1975, which was later replaced by the Regional Rural Banks Act, 1976.

Question 8

The three banks recently have entered in a Mega ATM sharing pact.They are&#10;A)sbi, icici, & b&#10;B)sbi, icici, hd&#10;C)icici, andhra bank, hdfc&#10;D)andhra bank, canara bank, sbi

Accepted Answer

The answer of The three banks recently have entered in...

Question 9

Devaluation of currency stands for&#10;A)reducing the value of internal currency in terms of foreign currency&#10;B)increasing the value of indian currency in terms of foreign currency&#10;C)keeping the value of internal currency constant in terms of foreign currency&#10;D)none of these

Accepted Answer

Devaluation of currency means officially lowering the value of a country's currency within a fixed exchange rate system, with respect to foreign currencies. This makes the domestic currency less valuable compared to foreign currencies.

Question 10

Pari Passu charge refers to a charge&#10;A)ranking in priority, regardless of quantum of advances&#10;B)merely notional in nature&#10;C)ranking equally in priority in proportion to the lender's share of advance&#10;D)none of these

Accepted Answer

Pari Passu charge means that the charge or security interest ranks equally without preference or priority among other securities, typically in proportion to the lender's share of the advance. It ensures that in the event of liquidation, creditors are paid out proportionally to their share of the total debt.

Question 11

What are the four categories as per Kapur Committee recommendations for loan applications under SSI segment&#10;A)upto 2 lacs, upto 15 lacs, upto 25 lacs, and above 25 lacs&#10;B)upto 10 lacs, upto 25 lacs, upto 50 lacs and above 50 lacs&#10;C)upto 2 lacs, upto 1 crores, upto 2 crores, a&#10;D)above 2 crores

Accepted Answer

The answer of What are the four categories as per...

Question 12

The area of operation of &#8230;&#8230;&#8230;&#8230;banks are maximum of three geographically neighbouring districts and they are allowed to open branches only in their area of operation.&#10;A)local area banks&#10;B)co-operative banks&#10;C)rrb&#10;D)foreign exchange banks

Accepted Answer

The answer of The area of operation of &#8230;&#8230;&#8230;&#8230;banks are...

Question 13

The banker advances money against immovable property only when the property is &#8230;&#8230;&#8230;.to the banker.&#10;A)loan&#10;B)mortgaged&#10;C)pledg&#10;D)hypothicated

Accepted Answer

The answer of The banker advances money against immovable property...

Question 14

EXIM Bank was set up on&#10;A)january1, 1982&#10;B)january 26,1989&#10;C)march 15,1981&#10;D)march15,1982

Accepted Answer

The answer of EXIM Bank was set up on&#10;A)january1, 1982&#10;B)january...

Question 15

Which commission recommented the foundation of RBI&#10;A)sarkaria commission&#10;B)hilton young commission&#10;C)narasimha commission&#10;D)none of these

Accepted Answer

The answer of Which commission recommented the foundation of RBI&#10;A)sarkaria...

Question 16

At what frequency can Banks pay interest on Saving Bank Account asper RBI guidelines&#10;A)monthly&#10;B)quarterly&#10;C)half yearly&#10;D)yearly

Accepted Answer

The answer of At what frequency can Banks pay interest...

Question 17

The VSAT communication network for banks and financial institutionslaunched by RBI is known as&#10;A)swift&#10;B)sbi net&#10;C)bank net&#10;D)infinet

Accepted Answer

The answer of The VSAT communication network for banks and...

Question 18

&#8230;......is a transaction where by money is borrowed by the debtor on the security of the movable property.&#10;A)hypothication&#10;B)mortage&#10;C)pledge&#10;D)charge

Accepted Answer

The answer of &#8230;......is a transaction where by money is...

Question 19

Which bank has become the first foreign bank to open a branch inIsrael's diamond exchange:&#10;A)american express bank&#10;B)citibank&#10;C)standa&#10;D)chartered bank

Accepted Answer

The answer of Which bank has become the first foreign...

Question 20

RBI controls money market qualitatively through&#10;A)open market operation&#10;B)selective credit control&#10;C)bank rate&#10;D)none of the above.

Accepted Answer

The answer of RBI controls money market qualitatively through&#10;A)open market...

Question 21

What was established in Kolkata on 1 st April 1935 in accordance with the provision of an act of the same name passed in 1934?&#10;A)sbi&#10;B)rbi&#10;C)icici&#10;D)idbi

Accepted Answer

The answer of What was established in Kolkata on 1...

Question 22

What unique distinction do the General Bank of India and the Bank of Hindustan founded in and around 1786 posses in the context of Indian banking history?&#10;A)they are not registered banks&#10;B)they are owned by rbi&#10;C)they are first indian banks&#10;D)they are nationalized banks.

Accepted Answer

The answer of What unique distinction do the General Bank...

Question 23

The Imperial Bank of India was re-named on 30th April 1955 as what?&#10;A)sbi&#10;B)rbi&#10;C)icici&#10;D)idbi

Accepted Answer

The answer of The Imperial Bank of India was re-named...

Question 24

Which bank operates on behalf of the SBI in Nigeria and was established in 1981?&#10;A)sbi&#10;B)rbi&#10;C)icici&#10;D)inmb

Accepted Answer

The answer of Which bank operates on behalf of the...

Deck 8: Banking Systems and Institutions