Previous Year Solved Question Papers

Previous Year Solved Question Papers

MCQs on banking Affairs -8

1. RBI can issue bank notes of maximum denomination –
(a) Rs. 1000 
(b) Rs. 500 
(c) Rs. 10000 
(d) Rs. 20000 


2. Life span of Rs. 10 notes are –
(a) 10-15 months 
(b) 16-19 months 
(c) 10-18 months 
(d) 20-25 months


3. Validity period of "Demand draft" is –
(a) 6 months 
(b) 12 months 
(c) 3 months 
(d) 8 months 


4. Co-operative Banks in India are registered under
(i) Banking laws (Co-operative Societies) Act. 1956
(ii) Banking Regulations Act, 1949
(iii) Companies Act, 1956 Select the correct answer using the following codes.

(a) only i
(b) i and ii
(c) ii and iii
(d) i, ii and iii


5. The term ‘BSR’ refers to
(a) Bank’s selling Rate
(b) Basic Statistical Returns
(c) Annual returns submitted by banks to RBI in respect to priority sector advances
(d) Quarterly statements of advance to agriculture


6. “Micro Credits” are loans:
(a) granted to distressed person (other than farmers) to pre-pay  their debt to non- institutional  lenders against appropriate collateral or group security,
(b) not exceeding 50.000 per borrower provided by banks
(c) both (a) and (b)
(d) either (a) and (b)


7. Which of the following Co-operative Banks is considered as the first Co-operative Bank in India?
(a) Greater Bombay Co-operative Bank Ltd 
(b) Abhyudaya Co-operative Bank Ltd 
(c) Ahmedabad Mercanile Co-operative Bank Ltd 
(d) Anyonya Co-operative Bank


8. Which of the following were considered to be compelling reasons for bank Nationalisation?
(a) Concentration of wealth and economic power in the hands of industrialists and business (b) Branch expansion was confined to urban areas and rural area were being neglected  
(c) Sectors like agriculture small scale industries and the other deserving sectors were outside the purview of bank lending operations             
(d) All


9. Smart card
(a) has an embedded circuit with micro processor chip embedded in it so that it could perform calculations maintain records and act as electronic pursue
(b) has built in facility for protection against fraudulent operations
(c) can either be rechargeable or exchangeable
(d) All


10. On 19th July 1969, 14 banks were nationalized, these banks had deposits of more than
(a) Rs 25 crore
(b) Rs 50 crore
(c) Rs 85 crore   
(d) Rs 100 crore


11. In the case of advances against fixed deposits receipts of the bank
(a) deposit represented by the receipt is assigned to the bank
(b) deposit receipt is pledged to the bank  
(c) deposit receipt is hypothecated to the bank   
(d) A lien is created on the deposit receipts in favour of the bank


12.Which of the following is NOT a source of funds of a commercial bank?
(a) Capital
(b) Borrowings from RBI
(c) Call money
(d) Cash reserves with RBI 


13. The Banking Ombudsman
(a) is in charge of bank loan for buses, 
(b) fixes the rates of interest for  loans
(c) resolves complaints of customers
(d) issues licences for new bank branches


14. ATM cards are issued to a person who maintains any of following accounts with the bank
(a) Savings Bank Accounts
(b) Current Accounts
(c) Term Deposits
(d) Both (a) and (b)


15. Credit cards are of standard size and thickness and are embossed with the following details
(a) Name of card holder 
(b) Card number 
(c) Validity date 
(d) All of the above  

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