Previous Year Solved Question Papers

Previous Year Solved Question Papers

MCQs on Banking Affairs -22

1. Whose prior written permission is necessary for any takeover or acquisition or control of an NBFC (Non-Banking Finance Company) ? 
(a) SEBI
(b) Ministry of Finance
(c) NABARD
(d) RBI


2. On 29th May 2014, India was granted $ 1006. 20 million for Sarva Shiksha Abhiyan III, the largest outgoing 'Education for All' programme in the world, by which organization ?
(a) IDA
(b) ADB
(c) IMF
(d) World Bank

3. Now the minors of which age above can open Savings bank accounts ?
(a) 10
(b) 15
(c) 9
(d) 7

4. First state cooperative bank to have its own "Ru-Pay" ATM cum Debit Card is ?
(a) HP
(b) Bihar
(c) AP
(d) Rajasthan


5. In the context of banking sector, DRT is associated with ?
(a) Recurring deposits
(b) Demand and time liabilities of banks
(c) Deposit insurance
(d) Loan recovery


6. What is the condition for a bank to be called a "Scheduled Bank" ?
(a) Its business has to be crossed Rs. 1000 Cr mark
(b) Its branch network should be over 100
(c) It should be included in the second schedule of the RBI act
(d) It should comply with all the above conditions


7. The in-principle approval granted by RBI for establishing new banks will be valid for a period of ________to comply completely with the requirements.
(a) 6 months
(b) 9 months
(c) 12 months
(d) 18 months


8. The debit card holder can perform which of the following functions ?
(a) Make Point of Sale (POS) purchase
(b) Recharge Pre-paid mobile phones
(c) Pay Life Insurance premium
(d) All of the above


9. In which of the following types of banking, the banks offer all types of financial services to expand their business ?
(a) Social banking
(b) Universal banking
(c) Wholesale banking
(d) Retail banking


10. Which of the following functions are not being performed by the Reserve Bank of India ?
(a) Regulation of banks in India
(b) Foreign currency management in India
(c) Regulation of foreign direct investment in India
(d) Control and supervision of money supply


11. The transfer of a loan from one party to another is called
(a) Assignment
(b) Arbitrage
(c) Amortization
(d) Acquisition



12. The RBI has prescribed that a new private sector bank ___________
(a) shall be subject to prudential norms in regard to income recognition, asset classification and provisioning, capital adequacy etc
(b) shall have to observe priority sector lending targets as applicable to other domestic banks
(c) will be required to open rural and semi-urban branches also as may be laid down by RBI
(d) All of these



13. By virtue of the amendment carried out by the Regional Rural Bank (Amendment) Act, 1987, the chairman of a Regional Rural Bank is to be appointed by
(a) Central Government
(b) State Government
(c) Sponsor Bank in consultation with NABARD
(d) Reserve Bank of India



14. The primary functions of the service co-operatives are
(a) Provision of short and medium-term credit
(b) Supply of agricultural and other production requirements
(c) Collection of agricultural produce for sale through the marketing society
(d) All of the above



15. FIMMDA stands for
(a) Foreign investment Markets and Derivatives market Association
(b) Fixed Income Money Markets and Derivatives Association
(c) Fixed Income and Money Market Development Association
(d) Floating Income and Money Markets Derivative Assets


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