Previous Year Solved Question Papers

Previous Year Solved Question Papers

MCQs on Banking Affairs -7

1. Qatar based Doha Bank declared to open its first branch in which of the following Indian cities ?
(a) Hyderabad
(b) Mumbai
(c) Pune
(d) Kolkata



2. Which of the following certainly is an effort in the direction of Financial Inclusion ?
(a) Internet Banking
(b) Anywhere Banking
(c) No-frills Account
(d) Foreign Currency Accounts



3. CTS is new format bank cheques. 'T' stands for
(a) Transferable
(b) Truncation
(c) Transaction
(d) None of the above


4. ECS Stands for ?
(a) Electrical Clearing System
(b) Electronic Core System
(c) End Clearing System
(d) Electronic Clearing System


5. India and Asian Development Bank (ADB) signed an agreement for $300 million loan to improve road connectivity in which state ?
(a) Uttar Pradesh
(b) Andhra Pradesh
(c) Odisha
(d) Chattisgarh



6. What is short term government security 
(a) Debenture
(b) Mutual Funds
(c) Treasury Bill
(d) Share


7. Which of the following functions is NOT performed by the Reserve Bank of India ?
(a) Regulation of banks in India
(b) Regulation of foreign direct investment in India
(c) Foreign Currency management in India
(d) Control and supervision of money supply


8. ___________ High Court in India on 2nd April 2014 restored the power of the Reserve Bank of India to decide the period after which the bad loan can be called as a Non-Performing Asset (NPA) ?
(a) AP
(b) Tamil Nadu
(c) Gujarat
(d) Assam


9. RBI issued uniform accounting standards for ARCs with regard to acquiring non-performing loans, recognizing revenue and management fees to ensure common treatment for firms. ARC stands for ?
(a) Asset Roll Companies
(b) Area Reconstruction Companies
(c) Asset Reconstruction Companies
(d) Asset Reconstruction Co-ordinates


10. The Government of India and World Bank Sign $500 Million Agreement recently to Improve Rural Water Supply and Sanitation Services in Four Indian States. What are these states ?
(a) Assam, Bihar, Jharkhand and Uttar Pradesh
(b) Manipur, Bhopal, Odisha and Bangalore
(c) Chennai, Bhopal, Bihar and Jharkhand
(d) Uttar Pradesh, Assam, Bihar and Chennai


11. The first Public Sector Bank that launch Instant Money Transfer (IMT) scheme in Mumbai ?
(a) UCO
(b) UBI
(c) SBI
(d) BOI


12. RBI on 1st April 2014, adopted which index as the key measure of Inflation on the basis of recommendations of Urjit R Patel Committee report on Revising and Strengthening the Monetary Policy Framework ?
(a) Consumer Price Index
(b) Rooming Price Index
(c) Manufacturing Price Index
(d) Wholesale Price Index


13. Which one of the following is a retail banking product ?
(a) Home Loans
(b) Working capital finance
(c) Corporate Term loans
(d) All the above



14. RBI's high level working group has suggested forming a Financial Resolution Authority (FRA) that would be responsible for the resolution of failed and distressed financial institutions in India. The group headed by ?
(a) Raghuram Rajan
(b) P. J. Nayak
(c) Anand Sinha
(d) K. C. Chakravarthy


15. Which bank's Blood Donation Drive set a Guinness World Record as the organizer of the “Largest Blood Donation in a single day” in the world ?
(a) Axis Bank
(b) SBI
(c) HDFC
(d) Canara Bank

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