Previous Year Solved Question Papers

Previous Year Solved Question Papers

MCQs on Banking Affairs -20

1. The Union Cabinet has constituted a Special Investigation Team (SIT) to unearth illicit money. Who is appointed as the Chairman of the SIT ?
(a) C. B. Bhave
(b) Amar Pratap Sinha
(c) Sudharshan Nayak
(d) M. B. Shah

2. What does the letter "P" denote in the term "PAN" as used in financial transactions ?
(a) Primary
(b) Partial
(c) Permanent
(d) Provisional

3. The "Scope Award" is given for?
(a) Earning the highest profit amongst all PSUs
(b) For creating the maximum number of jobs in an year
(c) For donating the maximum amount in pradhan mantri rahat kosh in an year
(d) For Best Corporate Governance

4. Teaser Rates are related to which of the following types of loans ?
(a) Home Loans
(b) Personal Loans
(c) Auto Loans
(d) Reverse Mortgage Loans

5. Which of the the following document is / are considered as officially valid documents to satisfy KYC norms for opening a bank account ?
(a) Passport
(b) PAN
(c) Aadhar Number issued by Unique Identification Authority of India
(d) Only 1 and 2

6. Which of the following is the apex institution which handles refinance for agriculture and rural development in India ?
(a) RBI
(d) SEBI

7. The Reserve Bank of India does NOT decide the __________

(a) Rate of Repo and Reverse Repo
(b) Marginal Standing Facility Rates
(c) Rate of Dearness Allowance to Govt Employees
(d) Statutory Liquidity Ratio

8. Banks undertake financial services such as insurance business, underwriting, equipment leasing, hire purchase business is called 

(a) Traditional Banking
(b) Narrow Banking
(c) PARA-Banking
(d) CASA-Banking

9. Foreign Exchange Reserves of India are kept in the custody of which of the following ?
(a) International Monetary Fund
(b) Government Treasury
(c) Reserve Bank of India
(d) State Bank of India

10. The basis of determining dearness allowance to employees in India is ?
(a) Consumer Price Index
(b) Whole Sale Price Index
(c) Retail Price Index
(d) Retail Price Index

11. Smart Money is a term used fo ?
(a) Debit Card
(b) Credit Card
(c) Chip Card
(d) Online Account

12. Recommendations of the 14th Finance Commission have become operational for the period 

(a) 2015-20
(b) 2014-19
(c) 2010-15
(d) 2016-21

13. M3 currency is also called as ________________
(a) Narrow Money
(b) Smart Money
(c) Broad Money
(d) Hard Money

14. Who is the first Indian Governor of RBI__________
(a) Osborne Smith
(b) C.D.Deshmukh
(c) James Braid Taylor
(d) Bimal Jalan

15. Where is the headquarter of Federal Bank___________
A. Pune
B. Kochi
C. Hyderabad
D. Mumbai

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