Previous Year Solved Question Papers

Previous Year Solved Question Papers

MCQs on Banking Affairs -30

1. The New Capital Adequacy Frame work prescribed for the banks is commonly known as?
a) KYC norms
b) Credit Policy
c) Basel accord
d) Fiscal Policy


2. Expand the term FRBM?
a) Financial Responsibility and Business management
b) Fiscal Responsibility and Business management
c) Financial Responsibility and Budget Management
d) Fiscal Responsibility and Budget Management



3. What is an Indian Depository Receipt?
a) A deposit account with a Public Sector Bank
b) A depository account with any of depositories
c) An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company
d) An instrument in the form of deposit receipt issued by Indian depositories



4. Land Development Banks form a part of the?
a) Commercial Banks
b) Industrial Development Bank of India
c) Food Corporation of India
d) Co-operative Credit Structure



5. Which of the following cannot be called as a value Added Service offered by bank?
a) Special Accounts for poor sections of society
b) Accident Insurance Cover
c) Instant credit of outstations cheques
d) Free cheque books            


6. What is the full form of 'FINO', a term we see frequently in financial newspapers?
a) Financial Investment Network and Operations
b) Farmer's Investment in National Organization
c) Farmers Inclusion News and Operations
d) Financial Inclusion Network and Operations



7. Open-market operations of Reserve Bank of India refer to?
a) Trading in securities
b) Auctioning
c) Transaction in gold
d) All of these



8. Which of the following has introduced a new tool named Data Warehousing and Business Intelligence System for speedy analysis of data and identification of violations?
a) IRDA
b) SBI
c) RBI
d) TRAI



9. The Reserve Bank hiked the limit for foreign investment in Asset Reconstruction Companies (ARCs) from the earlier cap of 49 percent to?
a) 74 %
b) 47 %
c) 57 %
d) 72 %


10. Which is the first bank to get ISO certificate?
1) ICICI
2) UBI
3) Canara Bank
4) Syndicate Bank



11. Kisan Credit Card (KCC) scheme introduced in .................. has emerged as an innovative credit delivery mechanism to meet the production credit requirements of the farmers in a timely and hassle - free manner.
a) 1998
b) 2000
c) 2001
d) 1991



12. To make KCC a Smart Card cum Debit Card, Government of India had constituted a Working Group under the Chairmanship of ..................
a) C. Ranga Rajan
b) T.M. Bhasin
c) Arundhathi Bhattacharya
d) D. Subba Rao




13. If the customer can do all transactions only in a branch and the branch has no online access, it is called .............
a) Online Banking
b) Internet Banking
c) Virtual Banking
d) Brick and Mortar Banking



14. A collection of investment tools such as stocks, shares, mutual funds, bonds, cash and so on depending on the investor's income, budget and convenient time frame. The art of selecting the right investment policy for the individuals in terms of minimum risk and maximum return is called as .........
a) Portfolio management
b) Credit creation
c) Amortized management
d) Zero account



15. Which bank has launched the country's first contactless debit and credit cards on 7 January 2015?
a) HDFC
b) SBI
c) ICICI
d) Union Bank of India

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