MCQs on Banking Affairs -15

1. Which of the following cannot be called as a Value Added service offered by a bank?
(a) Special Accounts for poor sections of society
(b) Accident Insurance Cover
(c) Instant Credit of outstation cheques
(d) Free cheque books



2. Which of the following is NOT correctly matched ?
(a) IFCI - 1948
(b) ICICI - 1956
(c) IDBI - 1964
(d) SIDBI - 1988



3. Which of the following measure have been taken to enlarge resources available to RRBs?
(a) Lines of credit at a reasonable rate of Interest from sponsor banks.
(b) Accepts to inter-RRB term money / borrowings.
(c) Access to Repo/CBLO markets
(d) All of these



4. The Land Development Bank secure short term accommodation from the
(a) State Governments
(b) Commercial Banks
(c) State Co-Operative Banks
(d) All of these



5. What is the full form of "FINO", a term we see frequently in financial news papers?
(a) Financial Institutions Network and Operations
(b) Follow Inclusion Network and Operations
(c) Financial Inclusion Network and Operations
(d) None of these


6. Industrial Exit policy means ?
(a) Allow Indian companies to invest in foreign countries  
(b) Allowing business unit to close down
(c) Allow foreign companies to withdraw their investment from Indian companies
(d) None of these


7. Which of the following is NOT the feature of Real Time Gross Settlement (RTGS)?
(a) Payments are settled transaction by transaction
(b) Settlement of funds is recoverable
(c) Settlement is done in real time
(d) It is a fully secured system which uses digital signatures and public key encryption for safe and secure message trasmission.



8. Lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards is known as ?
(a) Sub Prime
(b) Prime Lending
(c) Risky lending
(d) None of these



9. Which of the following Mahatma Gandhi series of currency notes issued by the RBI has a drawing of the 'Parliament House' depicted on it ?
(a) Rs 5
(b) Rs.20
(c) Rs.50
(d) Rs.10


10. Name the first bank in the country to launch the reserve mortage scheme
(a) AXIS Bank
(b) PNB
(c) Canara Bank
(d) SBI



11. Inflation has become a major area of concern in India these days. What measures do the Govt of India / RBI normally take to control the same ?
A. Fixation of Maximum Prices of the Commodities.
B. System of Dual Prices
C. Increase in supply of food-grains.
D. Control on credit and liquidity in market.

(a) Only A and B
(b) Only C and D
(c) Only B, C and D
(d) All A, B, C and D



12. The main function of IMF is 
(a) to help solve balance-of-payments problem of member countries
(b) to arrange international deposits from banks
(c) to act as private sector lending arm of the World Bank
(d) to finance investment loans to developing countries



13. Which of the following is the Regulator of the credit rating agencies of India?
(a) RBI
(b) SBI
(c) SIDBI
(d) SEBI



14. Total Agricultural advances must be ____ percent of Net Bank Credit (NBC) for domestic banks?
(a) 24
(b) 60
(c) 15
(d) 18



15. Which of the following has been officially changed to the Axis Bank Ltd.?
(a) U.T.I Bank
(b) Lord Krishna Bank
(c) Centurian Bank
(d) Imperial Bank

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