1. Which of the following recent reforms, enhanced the prospects of repayments and reduce credit spreads in banks?
a) SARFAESI Act
b) Debt Recovery Tribunals
c) Bankruptcy Code
d) All the above
e) None of these
2. In January 1991, the BCBS issued supervisory guidance on large exposur es, viz., Measuring and Controlling Large Credit Exposures. In the abbreviation BCBS, the letter B stands for what?
a) Book
b) Basel (BCBS: Basel Committee on Banking Supervision)
c) Broker
d) Big
e) British
3. A framework for issuance of rupee denominated bonds overseas, also called Masala Bonds, was put in place in which month?
a) September (2015)
b) July, 1969
c) April, 1980
d) January, 1949
e) None
4. PSBs came into existence with nationalization in the years ________
a) 1969 & 1980
b) 1991
c) 1996
d) 2004
e) None of these
5. UdyamiMitra portal set up by which Bank?
a) SBI
b) SIDBI [The Portal, as a virtual market place endeavours to provide ‘End to End’ solutions not only for credit delivery but also for the host of credit-plus services by way of hand holding support, application tracking, multiple interface with stakeholders (i.e. banks, service providers, applicants)].
c) SBH
d) BMB
e) PNB
6. Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) has been set up to encourage whom?
a) Farmers
b) Member Lending Institutions to extend credit based on the viability of the proposal rather than insisting on security or surety.
c) Fishermen
d) construction workers
e) None of these
7. In order to solve the problem of delayed payment to MSMEs, RBI has licensed three entities for operating the TReDS. In the abbreviation TReDS, the letter T stands for what?
a) Trust
b) Tree
c) Trade (TReDS: Trade Receivables Discounting System )
d) Transport
e) Transfer
8. The small finance banks have been mandated to extend how much of its Adjusted Net Bank Credit (ANBC) to the sectors eligible for classification as priority sector lending (PSL) by the Reserve Bank? (At least 50 per cent of its loan portfolio should constitute loans and advances of up to Rs. 25 lakh)
a) 25%
b) 75 per cent
c) 50%
d) 40%
e) None of these
9. What is CoBoSAC ?
a) It is a coin
b) Corporate Bond and Securitisation Advisory Committee (CoBoSAC) of SEBI. It had constituted a sub-group with representation form all the stakeholders to come out with the modalities for introduction of such platforms
c) It is a bank
d) It a type of share
e) None of these
10. Which of the following NBFCs are exempted from section 45-IA of the RBI Act, 1934 by RBI ?
a) Core Investment Companies
b) Venture Capital Fund Companies
c) Stock brokers or sub-broker
d) Micro Finance Companies
e) All the above
11. What is “hybrid debt” ?
a) It is a capital instrument which possesses certain characteristics of equity as well as of debt
b) debt given for hybrid seeds
c) hybrid animals
d) hybrid computers
e) None of these
12. What is “non-banking financial company”?
a) It means only the non-banking institution which is a loan company or an investment company or an asset finance company or a mutual benefit financial company or a factor registered with the Bank
b) Bank
c) School
d) College
e) None
13. What is ‘Joint deposit’ in bank?
a) Where so desired, deposits may be accepted in joint names with or without any of the clauses, namely, “Either or Survivor”, “Number One or Survivor/s”, “Anyone or Survivor/s”.
b) It is made in elections
c) Made for donations
d) Made for Public show
e) None of these
14. Which of the following is correct?
a) Entries in the pass book do not form the conclusive evidence of their correctness or accuracy. The customer or the bank can point out the mistakes and get them rectified.
b) Cheques are equivalent to cash
c) Cheques cannot be crossed
d) DDs cannot be crossed
e) None of these
15. The maximum number of current accounts a customer can open in a branch is _______
a) 100
b) 10
c) No such restriction
d) 5
e) 2
16. The wife of an account holder has been forging his signature and getting payment for the last two years. The husband, though aware of this, did not complain of the same. However, now he files a suit to recover the amount from bank. In this can the bank will be _______
a) liable to pay as forgery can never title to debit an account
b) exonerated from liability as the account holder knew about the forgery
c) exonerated from liability as none the else his wife has taken the amount
d) All the above
e) None of these
17. A succession certificate is granted to ___
a) creditor
b) debtor
c) one or more legal heirs with consent from all legal heirs
d) trustee
e) None of these
18. For releasing valuables in a locker in the name of a deceased, bank must insist on
a) Debentures
b) Letter of Administration
c) Letter of authority
d) Share certificates
e) None of these
19. Which cannot be called as negotiable instruments?
a) Railway Receipt
b) Bill of Lading
c) Ware house receipts
d) All the above
e) None of these
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