Q1: Which of the following Bank is the First Regional Rural Bank of India ?
A Punjab Gramin Bank
B Prathama Gramin Bank
C Sutlej Gramin Bank
D Utkal Grameen Bank
E None of these
Ans: option B (Prathama Gramin Bank)
Explanation: Prathama Bank is the First Regional Rural Bank of India, sponsored by Syndicate Bank established on 2 oct 1975.
Q2: Negotiable Instrument Act is enforced in which of the following year?
A 1881
B 1882
C 1883
D 1884
E 1885
Ans: option A (1881)
Explanation: Negotiable Instruments Act, 1881 is an act in India dating from the British colonial rule, that is still in force largely unchanged.
Q3: In the acronym CDR, D stands for ?
A Deposit
B Date
C Debt
D Discount
E None of these
Answer: option C (Debt)
Explanation: CDR- Corporate Debt Restructuring
Q4: A date entered on a cheque that is prior to the actual date of occurrence is known as _____________
A Bearer Cheque
B Anti-Dated Cheque
C Open Cheque
D Post-Dated Cheque
E Crossed Cheque
Ans: option B (Anti-Dated Cheque)
Explanation: A date entered on a cheque that is prior to the actual date of occurrence is known as anti-dated cheque.
Q5: In RTGS (Real Time Gross Settlement), the minimum limit for the transfer of money is ________________
A Rs 50000
B Rs 100,000
C Rs 200,000
D Rs 250,000
E No limit
Ans: option C (Rs 200,000)
Explanation: (RTGS) Real Time means settlement of the transaction is start at the time it received. There is no maximum limit .
Q6: ______ is the macroeconomic policy laid down by the central bank
A Monetary Policy
B Fiscal Policy
C Credit Score
D Credit Bureaus
E None of these
Ans: option A (Monetary Policy)
Explanation: Monetary Policy is a process by which central bank of the country manage the supply of money which in turn effects on interest rates, inflation and growth of economy.
Q7: “Your Tech Friendly Bank” is the tagline of which of the following Bank ?
A Indian Overseas Bank
B Indian Bank
C Bank of India
D Union Bank of India
E Bank of Baroda
Ans: option B (Indian Bank)
Explanation:Head Office : Chennai
CMD : Kishore Piraji Kharat
Q8: NEFT (National Electronic Fund Transfer) enables individuals, firms and corporate to transfer funds from any bank branch to any individual, firm or corporate, in which of the following year it was introduced by the RBI ?
A 2001
B 2002
C 2003
D 2004
E 2005
Ans: option E
Explanation:National Electronic Funds Transfer (NEFT) is an Indian system of electronic transfer of money from one bank or bank branch to another.
Q9: On which of the following parameters Prompt Corrective Action Framework based on ?
A Capital
B Net NPA
C Profitability of Bank
D Leverage Ratio
E All of above
Ans: option E(All of the above)
Explanation: RBI introduces Prompt Corrective Action when the Bank’s financial conditions worsen below certain limits (trigger points).
The limit set are in the form of three conventional financial indicators which are called trigger points– CRAR, Net NPA and Return on Assets.
Trigger points implies the RBI imposes corrective action in accordance with the level of trigger points.
Q10: How many characters can be there in a SWIFT Code ?
A 9
B 10
C 11
D 12
E 15
Ans: option C
Explanation: SWIFT- Society for Worldwide Interbank Financial Telecommunication
Either Swift code has 8 or 11 characters.
Either Swift code has 8 or 11 characters.
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