BANKING AWARENESS

BANKING AWARENESS
1.Maximum punishment for melting or destruction of coins would be
increased from 5 years to …7…………..years of imprisonment?

2.The central government reduced its stake in State Bank of India from
55 percent to 51 %

3. NABARD authorizes the credit limit to the National Co-operative Marketing
Federation?

4.. Increase in deposit rate results …increase savings
 
5. Increase in deposit rate results increase the credit growth

6.Raise in inflation rate leads to decline in  decrease the real interest rate

7.Difference between interest earned and interest paid is called Net Interest Income

8.Express Remit is the brand name remittance facility of  SBI

9.Rs. 1000 can be withdrawn from the Point of Sales Terminals ( POS) as
per the order of RBI.Which is the first bank to introduce this facility? UBI

10.Free Collateral loan up to Rs. 5…lakh provided to SME?

11.…IDBI……is the largest stake holder in the National securities
depository Limited?


12. Recently RBI advised the banks to reduce the Net Interest Margin
comedown to see the double digit growth. What is meant by it……….
 Banks accept the deposits at high rate of interest and lend at lower
rate than the present rates

13.C Rangarajan said which one as the ‘flawed business model’ ?
 Micro Finance Companies

14.Interest Corridor includes ……..?
 Repo rate and Reverse Repo rate

15.Asset-Liability mismatch usually happened in…………?
Home Loan and Infrastructure Project Financing

16.When Reserve bank of India Act was passed?
1934

17. When Reserve bank of India was founded?
1 Apr 1935

18.On which date of January 1949, the Reserve Bank of India was
Nationalized?.1

19. How many regional offices are there for RBI 4

20.On 26 March 2011, RBI said it wants to set up its first Sub-office
in… Tripura. to increase the outreach of the banks in that region?

21.The chief function of Reserve Bank of India includes…………?
1. Minting Currency
2. framing the monetary and credit policy
3. With the help of Circulation of money, maintaining price stability
4. Foreign Exchange matters

22.The different names of Reserve Bank of India are………….?
1. Central bank
2. Banker’s bank
3. Lender of the last resort
4. Apex bank

23.The government of India has the mint at……….
1. Noida
2. Kolkata
3. Mumbai
4. Hyderebad

24.Finance Secretary puts signature on one rupee paper currency?

25. RBI has six training colleges.  correctly matched
a) College of Agricultural Bank-Pune
b) National Institute of Bank Management-Pune
c) Bankers Training College-Mumbai
d) Indira Gandhi Institute for Development Research-Mumbai
e) Reserve Bank of India Staff College- Chennai
f) institute for Development and Research in Banking Technology-Hyderabad

26.How many banks were allowed to import gold and silver as per the order
of RBI recently 7

27.In India how many banks were allowed to import the gold and silver 30

28.In India the lowest denomination of currency is Rs. one 

29.In India the highest denomination of currency is…1000

30.The highest circulation of paper currency is…10

31.The highest number of fake currency in India is …500

32.All paper currency in India must have the symbol of …………….as per the
order of Central government from the year 2000? Gandhi

33.Indian paper currency minted in Mysore and also in ….Nasik

34.Paper currecncy minted with Ink OVI. OVI means Optical Variable Ink.
It is imported from Switzerland

35. Which industry manufactures white paper to supply to Indian Security
Press? Houshangabad

36.In 2010-2011,which country exported the huge quantity of white paper
to India?. Dubai

37.Who mints the Indian coins?
Government of India

38.Recently Rs. 150 coin minted in the memory of Rabindranath Tagore.
The same
denomination also minted in the memory of the completion of department
of …. Income Tax


41.Usha Thorat Committee suggested how many villages will have banking
services by the end of 2012 75000


43.As per the statement of RBI’s Deputy Governor K. C. Chakrabarty, at
least all villages will have mobile banks by 2015

44.Which among the following is the part of banking service?
1. Branch
2. On line banking
4. Appointment of business correspondent
5. ATM service

45.‘Bank Saathi’ means…………?
Business correspondent scheme

46.Business Correspondent appointed to represent the bank in rural area.
Who is not eligible to act as business correspondent?
 Bank employee

47.Financial inclusion means……….?
1. providing banking services in rural areas with affordable cost

48.On 11 February 2011,Hamara Khaata Hamara Swabhimaan(Our Account Our
Pride) scheme nnounced. Who declared this one?
Indian Banks Association and Ministry of Finace

49.The lowest lending in the area of ……………….?
 North Eastern Part of India

50.To raise the funds in European Union GDR used. GDR means…..?
Global Depositary Receipts


51. Which bank in India usually acts as a coordinator in the operations
of rural credit
institutions?
 NABARD

52. Who is called leader in refinance to lending institutions in rural
areas?
NABARD

53.With whom NABARD got MOU to prepare a road map for it’s financial
boost up its usiness?boston Consulting Group

54.Non-Performing Assets do not include…………..?
the customer does not do any transaction in the last 90 days in
savings bank account

55.RBI increases the cash limit for foreign travel to……
without its approval?
 $3000

56.RBI asked all banks not to honour cheques with overwriting from…?
 1 December 2010

57.RBI sold out its …………………..% share in national housing index for RS.
450 crore to  Union Government 100

58. How much worth of bank notes is in the circulation in India as per
the data released by RBI? 7,88,299 crore

59. The business men and corporate sector eager to know India’s
Reference Rate for the US
dollar as released by RBI. RBI releases this data on………….Daily .basis.

60. Deposit Insurance and Credit Guarantee Corporation (DICGC) insures
the deposits of the bank customers up to 1 lakh. DICGC is the wholly owned subsidiary of …RBI

61.Monetary Policy of RBI does not include……………?
 Reduction of taxes

62.RBI has constituted an Expert Committee under the chairman ship of
……………….studying
the advisability of granting new urban co-operative banking licenses?
. Y. H Malegam


65.RBI in one statement said that the Rupee is over-hauled, it means?
 Rupee appreciates against other currencies; where as other currencies
are weakening

66.RBI does some Open Market Operations. Open Market Operations mean……….?
 It buys and sells the government securities in the open market . By
buying it swells the
liquidity by selling it sucks the load of liquidity.

67.To study the issues and concerns of the Microfinance sector, RBI
appointed a committee
headed by… Y. H. Malegam

68. Who heads the sub-committee of Financial Stability and Development
Council (FSDC), the
chief regulator to regulate the regulators?
RBI Governor

69.Which famous French Bank applied to get Reserve Bank of India's
permission to start a
non-banking finance company (NBFC) in India?
 BNP Paribas

70. ECB (External Commercial Borrowing )


71.In which bank Bank of Rajasthan was merged?
. ICICI
72. BOR and ICICI agreed to amalgamate with ……………a swap ratio
. 25:118

73.RBI said all………..should open no frills accounts for Minority
communities for availing
various scholarships?
 Scheduled Commercial Banks


75.Since 2003, Which of the following key rate had not been altered by RBI?
 Bank Rate

76. As per RBI data currently, credit to the MSME sector accounts for
about …. per cent of the
total banking credit in the country? 14-15

77.SBI christened SBI PSU FUND and raised ……….?
1. 500 cr 2. 1500 cr 3. 2000 cr 4. 1000 cr 5. 3000 cr
78.More than 1,000 kg Gold to be deposited with ………by Tirumal Tirupathi
Devastanams at
 Indian Bank

79. State Bank of India became first bank to setup wind mills for
captive use to adhere Green
banking. These wind mills are established first in…Tamilnadu

80.SBI funds is the joint venture between SBI and………………?
 Societe Generale Asset Management ( France )

81.Which bank and Oriental Insurance Corporation Limited agreed to
launch a joint medicliam  policy ?PNB

82.The Reserve Bank of India has raised the threshold limit for real
time gross settlement
(RTGS) transactions from Rs 1 lakh to RS. ……………lakh? 2

83.India’s First Dedicated Education Loan Company CREDILA is the
associate bodyof…. Hdfc

84. SBI life insurance details are given. Pickup correct statement?
1. SBI Life Insurance Company Limited is a joint venture between the
State Bank of India
and BNP Paribas Assurance
2. SBI owns 74% of the total capital and BNP Paribas Assurance the
remaining 26%.
3. BNP Paribas Assurance is the fourth largest life insurance company in
France



85. Which bank was merged with Centurion bank?
. Bank of Punja

86. Centurion bank was merged with…………………….?
 HDFC

87. Global Trust bank was merged with ………………………?
 OBC

88.State Bank of India opened a savings bank account with RS. 1 by
targeting Urban Poor. In this
connection, recently it opened 20 kiosks called customer Service point (
CSP) to do this
assignment. The first Kiosk opened in ……………….?
Hyderabad

89.25 % FDI allowed as per the approval of the Foreign Investment
Promotion Board in to banks. How much percent of FDI allowed by direct route in banks?49

90.Regional Rural banks are not in the state of Sikkim and ………Goa

91.Common Wealth Bank of Australia open its first branch in India at  Mumbai

92. Which two banks have executed a memorandum of understanding (MOU) to
form a trust exclusively to establish and run financial literacy and credit
counseling centers across various
lead districts in Karnataka?
.Syndicate Bank and Vijaya Bank

93.Which banks have comfortably retained the top rank in terms of
profits/ employee, as per the data
released by the Reserve Bank of India?
 Foreign Banks

94.The software, styled ‘Score', invented for small banking institutions
such as cooperative
banks at a minimal cost. This software developed by……………?
. Perfect Software Solutions Pvt Ltd ( Kerala)

95. Which Co-operative Bank has moved the Central Government and the
Reserve Bank of India
for permission to issue shares at a premium to new members. it has base
at Mumbai?
saraswat

96.European Central Bank (ECB) has the head quarters at…………?
.Frankfurt

97.In context with Banking, which among the following is a correct with
regard to Merchandise
Credit and Merchandise Debit?
 Merchandise credit relate to export of goods while merchandise debit
represent import of goods




100.Which bank is the first to issue computer chip based Debit card on
pilot basis?
Axis bank

101.State Bank of India has tied up with technology company …….. to
offer kiosk banking
in Mumbai and Maharashtra.?
. Oxigen

102.portal-linked service, which enables a dissatisfied customer to SMS
“unhappy” to
8008202020, if he is a customer of………………………..this is the first of its
kind in India?
SBI


103.INFINET is a communication channel for transmission of electronic
communication by
banks. INFINET stands for…………?
Indian Financial Network 5. None

104.IDBI will tie up with…………….to boost micro-financing in India?
 SIDBI

105.SBI SMILE provides interest-free seed capital of up to Rs.10 lakh to
………………..?
. small and medium enterprises

106.If a bank account that automatically transfers amounts that exceed
(or fall short of) a
certain level into a higher interest earning investment option at the
close of each
business day that account usually called as
 Sweep Account

107.In a news paper it is read that ‘Higher Provisioning erodes public
sector banks’ profit’
Here Provisioning means?
 bad loans

108.Details of the loan given to appear for Competitive exams is a new
type of loan. Pick up
correct statements?
. Even NRI students are eligible

109.. Micro Credit in India belongs to………………………..?
Non-Banking Finance

110.Which is the first rural bank in the country introduced a co-branded
ATM card. This is the Indian bank sponsored rural bank.
 Pallavan Grama Bank( Tamilnadu)

111.First time in India, Which bank initiates to open “Youth branch”, in
Andhra Pradesh having
a cafeteria for chatting, video games, trendy music speakers etc?
1. State Bank of India

112.Housing finance company HDFC and private sector ICICI Bank have
decided to
discontinue teaser home loan schemes. Teaser home loans mean……?
 the loans given at lower rates for the first few years.

113. Which of the following private sector bank is re branding itself as
RBS ABN Amro

114.. …………………………….Committee played a vital role in the genesis of the
Self-Help Group and Bank linkage programme? S.K.Kalia

115. The banking business use the word Hot Card. Hot card means…………..?
 Lost Credit Cards

116.Recently Reserve Bank of India, along with the Securities and
Exchange Board of India
(SEBI) has allowed recognized stock exchanges to launch futures currency
trading in…….
Futures trading in dollars-rupee were already allowed.
a) euro-rupee
b) pound sterling-rupee
c) yen-rupee

117.What is NABARD’s primary role?
To give term loans to stateCooperative Banks

118.To open a new branch the Banks are required to take permission from
RBI


119. Banks do provide……………………………….
1.Issuing Negotiable instruments
3.Deposits
4.Lockers
5.Loans

120. Repatriation means
Capital flow from a foreign country to the country of origin

121. "Loan Servicing" means?
 A mortgage bank or sub-servicing firm collects the timely payment of
interest and principal from borrowers

122.. The obstacle for financial inclusion in India?
1. Lack of legal identity like voter id , driving license , birth
certificates ,employment identity card etc,
2. Lack of basic education prevent people to have access from financial
services,
3. Low income people,
4. Lack of awareness about the importance of Finance, Bank Accounts,
cheque facility by the people who has basic education


123.Least ten banks want to pickup stake in the proposed Central
Electronic Registry (CER), to
keep track of mortgages in the home loan market. CER established by ……..
National Housing Bank

124.Luxemberg based KBC group bank purchased by………………group?
Hinduja

125. Lead Bank scheme was launched on the recommendation of?
F. K. F. Nariman

126.Of the following one, which one is called as non-cash transactions?
1.Credit card
2.Debit card
3.ATM card
4.Pre-Paid card



128.R.B.I has both qualitative and quantitative control instruments to
control the monetary
policy.Among the following measures which one is qualitative one?
 RBI announces selective credit control



130.Federation of Indian Chambers of Commerce and Industry conducted a
survey. That survey
reveals a fact that Indian banking is stronger on vital banking
parameters than other BRIC
nations. Which among the following has not been highlighted in this
survey as strength of
Indian Banking System?
1. Quality Human Resources

131.RBI constituted ……………………………committee on Bench Mark Prime Lending Rate?
Deepak mohanty

132.Solar ATMs hit soon Indian banking system. Pick up the correct
statements?
These ATMs are also equipped with Bio-metric option.


133.Of the following banks which one are
1. HDFC Bank---The smallest credit card in the world
2. ABN-AMRO—The first transparent credit card in the world
3. Kotak Bank- The first vertical Credit Card in the world
4. SBI bank—multi purpose card in the same group

134.Sub prime lending is a loan made to……?
Such person do not have a good credit history



 FINO means……………?
Financial Inclusion Network and Operations


139.Banks usually share the information of CIBIL at the time of giving
credit to the borrowers.
CIBIL stands for……Credit Information Bureau (India) Limited



141.On 18 March 2011, Which bank opened its foreign subsidiary in UK?
UBI

142. The Negotiable instrument is………..?
1. Cheque
2. Demand Draft
3.Cheque
4. Bill of Exchange

143.ICICI decided to come in the large way to open leaset 500 branches
in a year. It wants to
foucus on the lending to…………..sectors
 Road and Power sector

144.The second largest lender in India is………?
IOB

145.The only online account B2 run by……….?
ICICI

146.M.Chidambaram Chettyar is the founder of………..?
 Syndicate Bank

147.Project Merlin is the contract of 4 banks and…………..?
1. England

148.The banks are issuing the Kisan credit cards these days to give the
free credit period .
Generally what is the Validity period of the Kisan Credit Card?
5. 3 years

149.“Next Eleven Countries” (N-11) are ………………….. as identified by the
Goldman Sachs investment bank? Developing Countries

150.RBI had set up the sub-committee, headed by Mr Y.H. Malegam to give
recommendations
on the Microfinance institutions. His recommendations do not
include……………………..?
 Micro Finance companies must be audited by the lead banks of the
concerned districts on monthly basis

151.In which state, the Reserve Bank of India initiated to start
satellite banks in villages?
 Jharkhand

152. On 14 January 2011, Which bank launched ‘Bank on bike’, a banking
service to extend banking services in rural areas, first time in India at Cheriyal village
of Medak district in Andhra Pradesh
 State Bank of India

153.The Banks Punch lines are given. Pick up correct one?
1. Allahabad Bank-A tradition of trust
2. Andhra Bank-For all your needs
3. Bank of Baroda-India’s International Bank
4. Bank of India-Relationship beyond Banking

154.The head offices of banks are given. Pick up incorrect one?
1. Allahabad Bank- Kolkatta
2. Andhra Bank-Hyderabad
3. Bank of Baroda-Baroda
4. Bank of India-Mumbai

155.What is meant by Medium term note?
A corporate note continuously offered by a company to investors
through a dealer. Investors can choose from differing maturities, ranging from nine months
to 30 years

156.Differential Rate of Scheme ( D.R.S ) means……….?
Public sector banks are required to fulfill the target of lending of
at least one percent of total advances at the end of the preceding year to the weakest of weaker
sections at an interest of 4 % per annum.

157.R.R.B’S are entitled to enter in to the business of Mutual funds.
1. They are entitled to enter in to business of Mutual Funds intimating
to R.B.I
2. They should not acquire the MF units from secondary markets
4. They should not buy back the shares from the unit holders
5. They come under the monitoring role of SEBI and R.B.I in this case

158.Goporia committee recommendations were given below, relating to the
working of Banks. Find the
incorrect one?
 suspend the saving accounts as there are withdrawals

159.Some times banks believe that the sudden decrease of loan rate of
interest benefits both bank and for
corporate houses. Pick up the correct one?
a. This type of scheme encourages the corporate houses to pay back their
high cost debts.
b. This scheme helps the corporate sector to take fresh loans at lower
rate of interest
c.The bank is benefited by getting funds back from the risky customers.
d.Prepayment charges are also collected by bank

160.Private Equity investment means?
1. purchase of a majority of total owner ship in an operating company

161.Balance of payments means a record of all economic transactions
completed between its Residents of
remaining world during a year . it includes?
a. export value b. import value c) shipping d) banking e) tourism
f) insurance g) loyalty

162.Autarchy in Economy means?
1. independence of economy does not need imports

163.With a view to strengthen and institutionalize the mechanism for
maintaining financial stability,
Government has decided to set up an apex level body, not to disturb the
autonomy of regulators.
It is……………?
. Financial stability and development council



165.Of the following statements which one related RBI
subsidiary BRBNMPL?
1. Bharatiya Reserve Bank Note Mudran Private Limited was established by RBI
2. its wholly owned subsidiary of RBI established on 3rd February 1995
3. It is established to bridge the gap between the supply and demand for
bank notes in the
country.
4. The company manages 2 Presses one at Mysore in Karnataka and the
other at Salboni
in West Bengal

166.As per the statement given by D.Subba Rao, the governor of R.B.I,
India preferrs.?
1. long term flows to short term flows and non-debt flows to debt flows.

167.Which banks have comfortably retained the top rank in terms of
profits/ employee, as per the data
released by the Reserve Bank of India?
 Foreign Banks

168.SBI SMILE provides interest-free seed capital of up to Rs.10 lakh to
 small and medium enterprises

169.Indian Banks are showing interest to do Factoring Business.
Factoring means..?
. Collection of debts of another

170.Indian Banks are showing interest to do Factoring Business.
Factoring means..?
. Collection of debts of another

171.Micro Credit in India belongs to………………………..?
 Non-Banking Finance

172.Any bank can start its branch with out permission of RBI
in…………..part of India?
. North Eastern