BHARATH INSTITUTE OF BANKING: Downloads

1) Which of the following is the largest public sector bank in India?

1) SBI 2) RBI 3) PNB 4) ICICI 5) None of these

2) Which of the following is the Central bank of India and is the regulatory body of all the

banks functioning within India?

1) SBI 2) RBI 3) SEBI 4) IRDA 5) None of these

3) RBI was established in the year____ .

1) 1925 2) 1935 3) 1945 4) 1955 5) None of these

4) Which of the following denotes only Deposit accounts?

1) Savings Account, Current Account, Over Draft, Recurring Deposit

2) Current Account, Over Draft, Cash Credit, Fixed Deposit

3) Savings Account, Current Account, Recurring Deposit, Fixed Deposit

4) Recurring Deposit, Fixed Deposit, Cash Credit, Savings Account

5) None of the above

5) RBI directed every Bank to comply with ‘KYC’ norms of their Account holders. What is

‘KYC’ stands for?

1) Know Your Consumer 2) Know Your Customer 3) Know Your Complaints

4) Know Your Currency 5) None of these

6) What do you mean by ‘Anti-Money Laundering’?

1) to stop the fake money circulation in the market

2) to stop converting the torned notes into fresh notes

3) to stop converting the black money in to white money through banking channels

4) to stop washing the currency notes against water

5) None of these

7) What does ‘RTGS’ stands for?

1) Real Transfer Gross Settlement 2) Rapid Transaction Getting Settled

3) Rapid Transfer Gross Settlement 4) Real Time Gross Settlement

5) None of these

8) Which of the following acts as Central Bank for financing agricultural and rural sectors?

1) RBI 2) NABARD 3) SIDBI 4) EXIM 5) None of Banks

9) What is the acronym for ‘ATM’?

1) Any Time Money 2) Automatic Teller Machine

3) Automated Teller Machine 4) Any Time Machine

5) None of these

10) Now-a-days all banks are enabling their branches under ‘CBS’. What is CBS stands for?

1) Core Banking System 2) Core Banking Solutions

3) Core Banking Software 4) Core Bank System

5) None of these

11) What is the current interest rate for Savings Account in the Public Sector Banks?

1) 3.5% 2) 3% 3) 4% 4) 4.5% 5) 6%

12) Which of the following is called as ‘Banker’s Bank’?

1) SBI 2) RBI 3) NABARD 4) SEBI 5) IRDA

13) Which of the following regulates the Insurance sector in India?

1) RBI 2) SEBI 3) IRDA 4) NABARD 5) SIDBI

14) When you are repaying a loan, you will be asked to pay it in EMI’s. What is EMI stands for?

1) Equal Monthly Installments 2) Equated Monthly Installments

3) Equal Money Installments 4) Equated Money Installments

5) None of these

15) Which of the following body regulates the Share market and mutual funds in India?

1) RBI 2) SEBI 3) IRDA 4) NABARD 5) EXIM

16) If you want to transfer amount from one bank to another bank then you should know the IFSC

code of the receiving bank. What does ‘IFSC’ stands for?

1) Indian Financial Service Code 2) Indian Financial System Code

3) International Financial System Code 4) Indian Financial Software Code

5) None of these

17) What does ‘NBFC’ stands for?

1) Non-Banking Financial Company

2) New-Banking and Finance Company

3) Net-Banking Facility for Companies

4) Net-Banking For Companies

5) None of these

18) IPO is associated with which of the following?

1) Indian Postal Service 2) IRDA 3) Stock Market 4)RBI 5) None of these

19) Which of the following is a type of loan?

1) Debit Card 2) Credit Card 3) ATM Card 4) Gift Card 5) None of these

20) Which of the following is not a PSU Bank in India?

1) UCO Bank 2) Union Bank of India 3) City Union Bank 4) United Bank of India

5) None of these

21) In Currency notes, the amount in words has been printed in how many languages?

1) 14 2) 15 3) 16 4) 17 5) None of these

22) The place where bankers meet and settle their mutual claims and accounts is known as _____

1) Clearing House 2) Cheque center 3) Treasury 4) Collection centre

5) None of these

23) The Current CRR (March 2012) is____.

1) 4.5% 2) 4.75% 3) 5% 4) 5.75% 5) None of these

24) Bank rate of RBI is also called as ______.

1) Interest rate 2) Discount rate 3) bid rate 4) CRR 5) None of these

25) RBI was nationalized in the year_____.

1) 1935 2) 1947 3) 1949 4) 1956 5) None of these

26) Paper currencies of our country are issued by RBI under which act?

1) Section – 22 of the RBI act – 1934 2) Section – 24 of the RBI act – 1934

3) Section – 28 of the RBI act – 1934 4) Section – 22 of the RBI act – 1935

5) None of these

27) Currency notes(above 10 rupees) printed in India bears the signature of ______.

1) Prime Minister 2) President 3) Finance Minister

4) Governor of RBI 5) None of these

28) Which of the following is not a banker to public?

1) Co-operative banks 2) Commercial banks 3) Rural banks

4) RBI 5) None of these

29) The rate at which RBI lends amount to Banks is called as ________.

1) Repo rate 2) Reverse Repo rate 3) Interest rate

4) Bank rate 5) None of these

30) The rate at which Banks lends amount to RBI is called as ________.

1) Repo rate 2) Reverse Repo rate 3) Interest rate

4) Bank rate 5) None of these

31) What is the current Repo rate(March 2012)?

1) 8.5% 2) 8.25% 3) 7.75% 4) 7.5% 5) 7.25%

32) What is the current Reverse Repo rate(March 2012)?

1) 8.5% 2) 8.25% 3) 7.75% 4) 7.5% 5) 7.25%

33) RBI headquarters is located at _______.

1) Delhi 2) Mumbai 3) Calcutta 4) Chennai 5) None of these

34) Recently Banks in India has switched from Benchmark Prime lending rate(BPLR) system to

which of the following rate?

1) Base rate 2) Bank rate 3) lending rate

4) call rate 5) None of these

35) In 2010, which of the following SBI Associate Bank was merged with SBI?

1) State bank of Indore 2) State bank of Saurashtra 3) State bank of Mysore

4) State bank of Patiala 5) None of these

36) The financial year for banks is from April to March, but the financial year for RBI is?

1) April – March 2) July – June 3) January – December

4) October – September 5) None of these

37) The Golden Peacock Innovative Products/ Services Award for 2011 has been awarded to _____.

1) State Bank of India 2) Indian Bank 3) Bank of Baroda

4) Corporation Bank 5) None of these

38) Presently SBI has ______ associate banks.

1) 4 2) 5 3) 6 4) 7 5) None of these

39) RBI was set up on the recommendations of ______.

1) Hilton-Young Commission 2) Shivaraman Committee 3) Narsimhan Committee

4) Rangarajan Committee 5) None of these

40) NABARD was established on the recommendation of ______.

1) Hilton-Young Commission 2) Shivaraman Committee 3) Narsimhan Committee

4) Rangarajan Committee 5) None of these

41) State Bank of India was previously known as_______.

1) Imperial Bank of India 2) Canara banking corporation 3) Global Trust bank

4) State bank of Indore 5) None of these

42) If you are sending money to abroad using international wire transfers, you should know the

SWIFT code. What is SWIFT stands for?

1) Society for Worldwide Interbank Financial Telecommunications

2) Society for Worldwide International Fund Transfer

3) Society for Wireless International Fund Transfer

4) Society for Worldwide Interbank Fund Transfer

5) None of these

43) What are the functions of RBI?

1) Issuing of currency notes in India 2) Banker to Government 3) Bankers’ Bank

4) Controller of Credit 5) All of these

44) The current SLR(March 2012) is _____.

1) 22% 2) 23% 3) 24% 4) 25% 5) 26%

45) The current Bank rate (March 2012) is ____.

1) 7.5% 2) 8.75% 3) 9.25% 4) 9.5% 5) 9.75%

46) What does SEBI stands for?

1) Stock Exchange Board of India 2) Securities and Exchange Board of India

3) Shares Exchange Board of India 4) Savings and Exchange Board of India

5) None of these

47) What is Financial Inclusion?

1) To provide Banking Services at affordable cost to the Poor People who are not yet provided

2) To provide Banking Services to the Rich People

3) To help the public to start finance companies

4) To provide house at affordable cost to the poor people

5) None of these

48) A sustained increase in the general level of prices of goods and services is called as

1) Deflation 2) Gross Domestic Product 3) Inflation

4) Infusion 5) None of these

49) Which of the following committees has given its recommendations on “Financial Inclusion”?

1) Rakesh Mohan Committee 2) Rangarajan Committee 3) Sinha Committee

4) Kelkar Committee 5) None of these

50) Which of the following products of a bank is specifically designed to provide financial help to

children in their higher studies in India or in a foreign nation?

1) Personal Loan 2) Corporate loan 3) Education loan

4) Mortgage loan 5) None of these

Answers:

1) 1 2) 2 3) 2 4) 3 5) 2 6) 3 7) 4 8) 2

9) 3 10) 2 11) 3 12) 2 13) 3 14) 2 15) 2 16) 2

17) 1 18) 3 19) 2 20) 3 21) 2 22) 1 23) 2 24) 2

25) 3 26) 1 27) 4 28) 4 29) 1 30) 2 31) 1 32) 4

33) 2 34) 1 35) 1 36) 2 37) 2 38) 2 39) 1 40) 2

41) 1 42) 1 43) 5 44) 3 45) 4 46) 2 47) 1 48) 3

49) 2 50) 3