1) The Capital
Adequacy Ratio is :
a) 6%
b) 8%
c) 9%
d) 10%
Ans:- ( c )
2) Except one of the following others are known as Non Fund based facilities:
a) Letters of Credit
b) Bank Guarantees
c) Co-acceptance of Bills
d) Trust Receipt
Ans:- (d)
3) FIMMDA’s guidelines cover the following products, except one:
a) Call Money
b) Cross Currency Interest Rate swaps
c) Commercial Paper
d) Certificate of Deposit
Ans:- (b)
4) Except one of the following others are part of Public Sector Banks:
a) State Bank of Hyderabad
b) Central Bank of India
c) Regional Rural Bank, sponsored by a nationalized bank
d) HDFC Bank
Ans:- (d)
5) A banker is expected to honour the cheques within the specified banking hours as per Section of NI Act,1881
a) 22
b) 25
c) 31
d) 65
Ans:- (d)
a) 6%
b) 8%
c) 9%
d) 10%
Ans:- ( c )
2) Except one of the following others are known as Non Fund based facilities:
a) Letters of Credit
b) Bank Guarantees
c) Co-acceptance of Bills
d) Trust Receipt
Ans:- (d)
3) FIMMDA’s guidelines cover the following products, except one:
a) Call Money
b) Cross Currency Interest Rate swaps
c) Commercial Paper
d) Certificate of Deposit
Ans:- (b)
4) Except one of the following others are part of Public Sector Banks:
a) State Bank of Hyderabad
b) Central Bank of India
c) Regional Rural Bank, sponsored by a nationalized bank
d) HDFC Bank
Ans:- (d)
5) A banker is expected to honour the cheques within the specified banking hours as per Section of NI Act,1881
a) 22
b) 25
c) 31
d) 65
Ans:- (d)
a) RBI
b) SIDBI
c) NABARD
d) SEBI
Ans:- (c)
7) Long Form Audit Report (LFAR) is prepared and submitted by
a) RBI inspectors
b) Internal inspectors
c) Statutory auditors
d) Concurrent auditors
Ans:- (c)
8) As per FIMMDA’s guidelines, the Mid-Office is responsible for:
a) Dealing activities
b) Risk Management
c) Reconciliation
d) Confirmation of deals
Ans:- (b)
9) Interest is calculated on actual/365 days basis in respect of the following products, except one :
a) Call Money
b) Notice Money
c) Term Money
d) GOI dated securities
Ans:- (d)
10) Which was the first Mutual Fund started in India:
a) SBI Mutual Fund
b) Kotak Pioneer Mutual Fund
c) Indian Bank Mutual Fund
d) None of the above
Ans:- (d)
11) The regulator for Mutual Funds in India is:
a) FIMMDA
b) AMFI
c) RBI
d) SEBI
Ans:- (d)
12) FIMMDA’s general principles and procedures are applicable to:
a) Fixed Income Markets
b) Money Markets
c) Derivatives Markets
d) All of the above
Ans:- (d)
13) Your bank’s customer XYZ Ltd, enjoys a CC limit of Rs.1,00,000.00
The CC account shows a credit balance of Rs,10,205.00.
The relationship between your bank and XYZ Ltd is:
a) Debtor/Creditor
b) Creditor/Debtor
c) Bailor/Bailee
d) Bailee/Bailor
Ans:- (a)
14) The right of set-off is:
a) Customer’s Right
b) Customer’s Obligation
c) Banker’s Right
d) Banker’s Discretion
Ans:- (d)
15) Which of the following forms of business are permissible under BR Act:
a) Borrowing
b) Issuance of Letters of Credit
c) Buying and selling of bullion
d) All of the above
Ans:- (d)
16) Reserve Bank of India’s functions are classified into:
a) Supervisory & Regulatory
b) Promotional & Developmental
c) Refinance Activities
d) All of the above
Ans:- (d)
17) Minimum Bank Rate is:
a) 3%
b) 4%
c) 5%
d) None
Ans:- (d)
18) Sec ---- of RBI Act,1934 gives sole power to RBI to issue currency notes
a) 10
b) 18
c) 22
d) 26
Ans:- (c)
19) KYC means
a) Know Your Customer very well
b) Know Your existing Customer very well
c) Know Your prospective Customer very well
d) Satisfy yourselves about the customer’s identity and activities.
Ans:- (d)
20) In a Garnishee Order, the banker on whom garnishee order served is:
a) Judgement Debtor’s Creditor
b) Judgement Creditor’s Creditor
c) Judgement Creditor’s Debtor
d) Judgement Debtor’s Debtor
Ans:- (d)
