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Q1. The price of which of the following is decided by the member countries of OPEC?

Crude Oil

Silver

Gold

Wheat

Q2. Which of the following statement is true?

Banks cannot accept demand and time deposits from public

Banks can accept only demand deposits from public

Banks can accept only time deposits from public

Banks can accept both demand and time deposits from public

Q3. Interest payable on savings bank accounts is………

not regulated by RBI

regulated by State Governments

regulated by Central Government

regulated by RBI

Q4. Which of the following is the correct statement?

State bank of India is the sole authority to issue and manage currency in India.

A nationalized bank is the sole authority to issue and manage currency in India.

A cooperative bank is the sole authority to issue and manage curency in India.

None of these

Q5. Accounts are allowed to be operated by cheques in respect of ….

Both savings bank accounts and fixed deposit accounts

Savings bank accounts and current accounts.

Both Savings bank accounts and loan accounts

Both Savings bank accounts and cash accounts only

Q6. Which of the following is correct statement?

Normally no interest is paid on current deposit accounts

Interest is paid on current accounts at the same rate as term deposit accounts

The rate of interest on current account and savings account are the same

No interest is paid on any deposit by the bank

Q7. The usual deposit accounts of banks are ………

Current accounts, electricity accounts and insurance premium accounts

Current accounts, Post office savings bank accounts and term deposit accounts

Loan accounts, savings bank accounts and term deposit accounts

Current accounts, savings bank accounts and term deposit accounts

Q8. Fixed deposits and recurring deposits are :

repayabale after an agreed period

repayable on demand

not repayable

repayable after death of depositors

Q9. Financial inclusion means provision of :

financial services namely, payments, remittances, savings, loans and insurance at affordable cost to persons not yet given the same

ration at affordable cost so persons not yet given the same

house at affordable cost to persons not yet given the same

food at affordable cost to persons not yet given the same

Q10. Which of the following is known as cross selling by Banks? a) Sale of a debit card to a credit card holder b) Sale of Insurance policy to a depositor c) Issuance of cash against cheque presented by a third party

Only (A)

Only (B)

Only (C )

Both (A) and (C )

Q11. Which of the following states became the first state in the country to launch RBI's e-payment system for commercial tax payers?

Andhra Pradesh

Kerala

Gujarat

Karnataka

Q12. When a bank returns a cheque unpaid, it is called :

payment of the cheque

drawing of the cheque

cancelling of the cheque

dishonour of the cheque

Q13. Martgage is an :

Security on movable property for a loan given by a bank.

Security on immovable property for a loan given by a bank

facility on immovable property for a loan given by a bank

Q14. Which of the following schemes is launched by the Govt, of India to provide an identity to its all resident citizens and also in identifying people who are poorest, often the last to stand up to ask for their share in govt, schemes or lack identity?

Public Provident Fund Scheme

Indira Gandhi Old Age Pension Scheme

Social Security, Scheme for Gramin Dak Sevaks

Aadhar Card Scheme

Q15. Which of the following types of accounts are known as "Demat Accounts"?

Accounts which are Zero Balance Accounts

Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there.

Accounts in which shares of various companies are traded in electronic form.

Accounts which are operated through internet banking facility

Q16. Upper limit prescribed for RTGS transactions is :

Rs. 1 lakh

Rs. 2 lakhs

Rs. 50 lakhs

No upper limit is prescribed

Q17. Distribution of insurance products and insurance policies by banks as corporate agents is known as :

General Insurance

Non-life Insurance

Bank assurance

Insurance of Banking

Q18. In order to attract more foreign exchange the Govt. of India decided to allow foreign investment in LLP firms. What is full form of LLP as used in this reference?

Local Labour Promotion

Low Labour Projects

Limited Loan Partnership

Limited Liability Partnership

Q19. NEFT means :

National Electronic Funds Transfer system

Negotiated Efficient Fund Transfer System

National Efficient Fund Transfer Solution

Non Effective Fund Transfer System

Q20. Every year March 20 is celebrated as what day?

World Sparrow Day

International Women's Day

World Cuckoo Day

International Child Day

Q21. When the rate of inflation increases?

Purchasing power of money increases

purchasing power of money decreases

value of money increases

purchasing power of money remains unaffected

Q22. Interest on savings bank account is now calculated by banks on :

Minimum balance during the month

minimum balance from 7th to last day of the month

minimum balance from 10th to last day of the month

daily product basis

Q23. A centralised database with online connectivity to branches, internet as well as ATM-network . Which has been adopted by almost all major banks of our country is known as :

investment banking

core banking

mobile banking

national banking

Q24. Which of the following is not considered a money market instrument?

Treasury bills

Repurchase Agreement

Commercial Paper

Shares and bonds

Q25. With a view to facilitate payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country :

Will

Registration

Nomination

Indemnity

Q26. Banks in our country normally publicise that additional interest rate is allowed on retail domestic term deposits of :

Minors

Married women

Senior citizens

Govt. employees

Q27. Largest shareholder (in percentage share holding) of a nationalised bank is ……..

RBI

NABARD

LIC

Govt. of India

Q28. Which of the following is the main advantage of "ASBA" with the applicants for share allotment?

ASBA applicant has got secured allotment of shares

ASBA applicant has got certain preference in allotment of shares as compared to general applicants

ASBA applicant need not remit the fund for allotment of shares, he/she will do so after shares are allotted to him/her.

ASBA applicants deposit / OD account is not debited, only the funds are blocked for the same and be / she continues to avail interest till the shares are allotted to him / her.

Q29. Like telephone / mobile number portability, the Ministry of Finance / RBI is now also considering to provide bank account number portability to bank customers. Which of the following would it mean?

Any customer / account holder can withdraw cash from any other Bank through his/her own cheques drawn on other bank even without ATM.

Any borrower can draw funds from his / her loan account from any other bank also.

The account number of any account holder will remain the same even if he/she is getting his/her account transferred to another bank also

Bank customers would have the facility of mobile Banks to withdraw cash nearby his/her place

Q30. NRE deposit is ……..

Non Resident External deposit

Non Resident extra deposit

Non Resident Exchange deposit

Non Refundable External deposit

Q31. What is offshore banking?

It is a bank located in the sea (i.e.,

is a bank located in SEZ

It is a bank located in a neighbouring country

It is a bank located outside the country of residence of the depositor

Q32. Which of the following is correct?

Illiterates cannot open any account in a bank

Illiterate women cannot open any account in a bank

Illiterates can open savings bank accounts in a bank

Advance can be granted to a minor

Q33. Non convertible debentures are :

Debt instruments which acquire equity status at the issues option

Debt instruments whicha cquire equity status at the investors option

Debt instruments which acquire equity status with the permission of Registrar of Companies

Debt instruments which retain their debt character and cannot acquire equity status

Q34. IRDA norms will boost online distribution - was the news in some major newspapers. This means online distribution of which of the following will boost up?

Bank products

Insurance policies / products

Licences to open new banks / branches of existing banks

Licenses to operate 2G / 3G spectrums

Q35. To prevent frauds in multiple mortgage cases, under SARFAESI Act, 2002 one special thing has been created and made operative from 01-04-2011. Which one is that from the following?

Special Registrar Office at Lucknow

Special Central Arbitration Bureau at Lucknow

Central SARFAESI Tribunals at 6 Centres

Central Electronic Registry

Q36. Which one of the following is not a salient feature of Debit Card?

No bad debts to banks and no suits for recovery

No interest earning for banks

Works like a normal withdrawal

45 days credit is given to the card holder

Q37. Banks issue a letter to beneficiary on behalf of its constituents like guarantee for making payment on their behalf on fulfillment of terms and conditions. What is this arrangement known in banking context?

Line of Credit

Loan to Client

Loan to Credit

Letter of Credit

Q38. When a bank provides a loan for purchase of white goods, it is categorized as ………..

Consumption Loan

White Goods Loan

Consumer Durable loan

Working Capital

Q39. Which of the following is India's largest trading partner in the world?

U.A.E.

China

U.S.A.

France

Q40. The Central Board of direct Taxes has made e-filing of income-tax returns mandatory for all assesses whose annual earnings exceed ………..

Rs. 5 lakh during the fiscal

Rs. 10 lakh during the fiscal

Rs. 15 lakh during the fiscal

Rs. 20 lakh during the fiscal

Q41. The target group for a Car Loan is :

All persons owning a car

A family with more than members

Car designers

Car garages

Q42. Standard marketing practices include :

Poaching

Unhealthy competition

Lowering the selling price

Unhealthy discount schemes

Q43. Market Segmentation means dividing :

The Marketing teams into small groups

The employees as per their grades

The products, as per their usage

The market, as per the tastes and needs of different groups

Q44. The process of discovering patterns and relationships using the available customer data to reveal what customers want and how they act is known as :

Data Warehousing

Data Base

Data Mining

Data building

Q45. Telemarketing means :

Internet Marketing

Selling telephones

Door-to-door contacts

Marketing through telephone calls

Q46. Motivating customers to buy upgraded products when they had intended to buy something of lower value is known as :

Cross Selling

Forward Selling

Marketing

Up selling

Q47. The modern marketing concept asserts that 'marketing' starts with the product idea and ends with :

Production of Quality Product

Advertisement Campaign

Customer Satisfaction

Sale of the Product

Q48. A situation in which consumer purchases are unplanned is called

Latent demand

Impulse buying

Irregular demand

Unwholesome buying

Q49. One of the following is NOT required in a good sales person. Find the same :

Sympathetic approach

Good communication skills

Courteous nature

Persuasion skills

Q50. List of people who do not wish to receive telemarketing calls in :

Date Not Call List

Do Not Call List

Do Not Dial List

Do Never Call List

Answers Evaluate

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