1. As per the Code of Bank’s Commitment to Customers a bank must close/transfer an account maximum within a period of ____ days from the date of receipt of application.
a) 3 Days
b) 5 days
c) 7 days
d) At the earliest possible
e) No such restriction
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2. Which risk is eliminated in case of the RTGS transaction?
a) Credit risk
b) Operational risk
c) Settlement risk
d) Systematic risk
e) c and d
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3. What is the maximum period of deposit that can be opened under FCNR?
a) 1 year
b) 3 years
c) 5 years
d) 10 years
e) All the above
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4. As per Pradhan Mantri Suraksha Bima Yojana (PMSBY) Scheme, if the customer has taken a cover under multiple bank accounts then the amount of premium under this will be ______.
a) Forfeited
b) Renewed
c) Double
d) Same
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5. The Jan Dhan Yojana aims directly in promoting:
a) Social Justice
b) Financial Inclusion
c) Rural Development
d) Digital Empowerment
e) Urban Development
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6. The premium of 10 paisa for every Rs.100 payable on behalf of the depositor under Deposit Insurance and Credit Guarantee Corporation(DICGC) will be borne by:
a) Bank
b) Life Insurance Corporation of India
c) General Insurance Corporation of India
d) Customer
e) Bank and Customer equally
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7. Who was the first woman Deputy Governor of the Reserve Bank of India?
a) Shyamala Gopinath
b) Usha Thorat
c) Arundhati Bhattacharya
d) K.J.Udeshi
e) Usha Ananta Subramanian
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8. Which bank has received $100 million (about Rs.645 crore) as the first tranche of ADB’s multimillion dollar funding for installation of rooftop solar systems in India?
a) United Bank of India
b) Punjab National Bank
c) Bank of Baroda
d) Canara Bank
e) Corporation Bank
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9. The maximum amount that can be deposited in a ‘Sukanya Samriddhi Scheme’ account in a financial year is:
a) Rs. 1,00,000
b) Rs.1,50,000
c) Rs. 1,35,000
d) Rs.1,75,000
e) Rs. 1,25,000
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10. Under Pradhan Mantri Jeevan Jyoti Yojana (PMJJBY) scheme, an individual is eligible to join the scheme at the age between 18 years to____.
a) 30 years
b) 40 years
c) 50 years
d) 60 years
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11. Which of the following is/are correct regarding Introduction of Additional Settlement Batches for National Electronic Funds Transfer (NEFT)?
a) The NEFT settlement cycle will be reduced from hourly batches to half hourly batches
b) 11 additional settlement batches will be introduced
c) The total number of half hourly settlement batches during the day will be increased to 23
d) The starting batch at 8.00 am and closing batch at 7.00 pm shall remain the same.
e) All the above
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12. In the case of deposit held by joint Individuals, the nomination can be made in favour of:
a) A single individual
b) More than one person in case deposit is payable jointly
c) More than one person in case deposit is payable to either or survivor(s)
d) Separate persons by each depositor
e) None of these
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13. What is CDD as per KYC?
a) Customer Duly Diligence
b) Customer Due Delivery
c) Current Deposit delivery
d) Customer due Diligence
e) None of the above
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14. STR in the context of Prevention of Money Laundering Act 2002 stands for?
a) Select Transaction Report
b) Suspicious Transaction Report
c) Suspected Transfer Report
d) Suspected Transaction Record
e) None of the above
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15. What is the risk classification for “Salaried employees”?
a) Low risk account
b) Medium risk account
c) High risk account
d) All the above
e) None of the above
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16. “Clean note policy” of RBI reiterates the Banks to follow which of the following measures?
a) To sort notes into issuable & non-issuable
b) Not to staples notes & to loose pack notes
c) Not to issue soiled & cut notes to general public
d) Not to scribble on the currency notes
e) All the above
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17. As per Basel norms Capital is linked to_____:
a) Size of Deposits
b) Risk Weightage of Assets
c) Profitability of the bank
d) Macro economic conditions
e) None of the above
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18. Atal Pension Yojana (APY) offers fixed amount of pension ranging between Rs.1,000 to ____ depending upon the contribution which will be based on the age of joining the APY:
a) Rs.2000
b) Rs.3000
c) Rs.4000
d) Rs.5000
e) Rs.10,000
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19. As per recent announcement made by Prime Minister on 31st December, 2016,______Kisan credit cards will be converted into RuPay cards in coming 3 months. Government will bear _____ interest on select farm loans.
a) Rs.2 crores; 30 days
b) Rs.2.5 crores; 45 days
c) Rs.3 crores; 60 days
d) Rs.3 crores; 90 days
e) None of the above
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20. ______will be the third and final financing stage for MUDRA Bank and maximum loan up to_______can be provided under this stage.
a) Tarun, Rs.8 lakh
b) Tarun, Rs.10 lakh
c) Vyaska, Rs.12 lakh
d) Kishore, Rs.15 lakh
e) Sishu, Rs.4 lakh
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21. Which of the following schemes have been launched under Pradhan Mantri Awas Yojana?
a) AMRUT
b) Smart Cities Mission
c) Housing for All
d) All of these
e) Only a & b
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22. When the award of the banking ombudsman is not acceptable to customer, he can appeal the matter to the appellate authority. The fee payable to Appellate Authority is:
a) Rs.5,000
b) Rs.6,000
c) 25% of the amount in dispute
d) 50% of the amount in dispute
e) Nil
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23. In cheque Truncation system clearing the Image Replace Document (IRD) means:
a) Cheque itself
b) Image of the image
c) An authenticated copy of the cheque
d) Truncated cheque
e) None of the above
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24. Nominee has predeceased the A/c holder. Payment shall be made to:
a) Against joint discharge to Legal heirs of the depositor and the legal heirs of nominee.
b) Legal heirs of the nominee
c) Legal heirs of the depositor
d) Payment through Court order or Succession Certificate
e) None of the above
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25. Under Sukanya Samridhi Account (SSA) the maximum period upto which the deposits can be made is for___ years from the date of opening of the account?
a) 12 years
b) 14 years
c) 16 years
d) 18 years
e) 21 years
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26. The maximum punishment by way of imprisonment for the offence committed under Money Laundering Act is:
a) 7 years
b) 9 years
c) 10 years
d) 12 years
e) None of the above
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27. Branches should adopt a system of periodical updation of customer identification data (including photograph/s) after the account is opened. The periodicity of such updation for High Risk, Medium Risk and Low Risk category customers are:
a) Two/eight/ten years
b) Two/five/ten years
c) Two/two/five years
d) Ten/eight/two years
e) No such updation is required
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28. What are the three pillars of Basel-II?
a) Minimum Capital Requirement, Supervisory Review & Market Discipline
b) Minimum Capital Fund, Asset quality & Financial Supervision
c) Minimum capital adequacy, Asset quality & Risk Management
d) Prudential accounting, greater transparency & Accountability
e) Moderate Capital Adequacy, Risk Management and Market Supervision
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29. Establishment of Lok Adalat is governed by which of the following Acts?
a) SARFAESI act 2002
b) Legal services authority act 1987
c) Lok Adalat Act 1985
d) Recovery of debt due to Banks and financial Institutions
e) Indian Contract Act
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30. Which bank is planning to raise Rs.9,000 crore through various instruments including Follow-on Public Officer (FPO) of Rs.6,000 crore?
a) Bank of Baroda
b) Bank of India
c) State Bank of India
d) Syndicate Bank
e) Union Bank of India
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31. Which of the following documents are required for registration of a Jeevan Pramaan?
a) Aadhar number
b) PPO number
c) Bank Account number
d) All of the above
e) Only a & b
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32. The electronic mechanism used by banks for transmitting financial messages across the borders:
a) Telex
b) DOTNET
c) RTGS
d) SWIFT
e) INFINET
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33. Pradhan Mantri Kaushal Vikas Yojana (PMKVY) was approved with an outlay of_____.
a) Rs.500 crore
b) 1000 crore
c) Rs.12,000 crore
d) Rs.1,500 crore
e) Rs.2000 crore
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34. Bank is required to issue TDS certificate on form______within _____month in which deduction is made:
a) 15-G; one;
b) 15-H; one;
c) 16- A; two;
d) 16- A; one;
e) Form 60; one;
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