1. What is Money Transfer Service Scheme (MTSS)?
a) It is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India.
b) Sending money by money order
c) Sending money using mobile phones
d) Sending money to Japan
e) None of these
2. What are the features of Money Transfer Service Scheme (MTSS)?
a) No outward remittance from India is permissible under MTSS.
b) Under MTSS the remitters and the beneficiaries are individuals only.
c) Only 30 remittances can be received by a single individual beneficiary under the scheme during a calendar year.
d) All the above
e) None of these
3. Who is ‘Full Fledged Money Changer (FFMC)’?
a) FFMC is an authorized money changer authorised to purchase foreign exchange from non-residents visiting India and residents, and to sell foreign exchange for private and business travel purposes only.
b) Insurance agent
c) Stock broker
d) Medical Representative
e) None of these
4. The nominal value of the bond based on the simple average closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the week preceding the subscription period, i.e. February 20-23, 2017 (February 24, 2017, being holiday on account of MahaShivratri), works out to how muchper gram?
a) Rs.2000/-
b) Rs. 2943/-
c) Rs.1500/-
d) Rs.1200/-
e) None of these
5. Reserve Bank of India, has decided to offer a discount of Rs. 50 per gram on the nominal value of the Sovereign Gold Bond. Hence, the issue price of Gold Bond for this tranche has been fixed at Rs. 2893 /- (Rupees Two Thousand Eight Hundred Ninety Three only) per gram of gold. This is for which Series of Sovereign Gold Bond Scheme 2016-17?
a) Series IV
b) Series I
c) Series II
d) Series III
e) None of these
6. The Sovereign Gold Bond shall bear interest at the rate of how much per annum on the amount of initial investment? (Interest shall be paid in half-yearly rests and the last interest shall be payable on maturity along with the principal.)
a) 1.0%
b) 2.50 percent (fixed rate)
c) 0.75%
d) 0.50%
e) 0.25%
7. The upper limit for movement of cash in INR would be how much ? (The upper limit for movement in cash would be in Foreign Currency equivalent of USD 1,00,000 except the transactions where the imported foreign currency is being transported to the offices/ branch of the AP)
a) Rs.5,000/-
b) Rs.10,00,000/-
c) Rs.2,000/-
d) Rs.10,000/-
e) None of the above
8. As far as possible movement of Indian Currency should be made through banking channels (viz.
a) Cheque
b) Demand draft
c) NEFT
d) RTGS, IMPS
e) All the above
9. Which is an umbrella organization for all retail payments system in India?
a) NABARD
b) National Payments Corporation of India (NPCI)
c) NHB
d) UTI
e) None of these
10. NPCI was set up with the guidance and support of which of the following?
a) SIDBI
b) Reserve Bank of India (RBI) and Indian Banks’ Association (IBA).
c) SEBI
d) IRDAI
e) None of these
11. Which bank has tie-up with the IPPB?
a) SBI
b) Indian Bank
c) PNB
d) IOB
e) None of these
12. Nobel prize in Economics 2016 was given to whom?
a) Amartya Sen
b) Adam Smith
c) Oliver Hart and Bengt Holmstrom
d) JM Keynes
e) None of these
13. How much has allocated for MGNREGA in Union budget 2017-18 ?
a) Rs.20,000 Crores
b) Rs.10,000 Crores
c) Rs.48,000 crores
d) Rs.25,000 Crores
e) None of these
14. Headquarter of Syndicate Bank?
a) Bengaluru
b) Imphal
c) Manipal, Karnataka
d) Shillong
e) None of these
15. Money allocated to MUDRA under budget ?
a) Rs.1.0 Lakh Crores
b) Rs.1.5 Lakh Crores
c) Rs.0.75 Lakh Crores
d) Rs. 2.44 lakh crore
e)None of these
16. Headquarters of International Fund for Agricultural Development (IFAD)?
a) Geneva
b) Paris
c) Rome, Italy
d) New York
e) None of these
17. Linkedin, Nokia is purchased by?
a) Facebook
b) Microsoft
c) Twitter
d) IBM
e) None of these
18. Which bank has launched “Lime app”?
a) Yes Bank
b) Axis Bank
c) ICICI Bank
d) HDFC Bank
e) None
19. Participatory note is which type of instrument?
a) Domestic derivative
b) Overseas derivative
c) Currency note
d) Cheque
e) None of these
20. Providing banking facilities to the poor people of the society for mutual benefit of poor persons as well as banks is called as what?
a) Inclusive growth
b) Financial inclusion
c) Adult education
d) Gender equality
e) None of these
21. The term super financial hub in the context of banking, is called as what ?
a) Universal banking
b) Narrow banking
c) International banking
d) Whole sale banking
e) None of these
22. The value of loan amount under retail lending, normally is in the range of what?
a) Rs.10 to Rs.10 lakhs
b) Rs. 5 Lakhs to Rs.5 Crores
c) Rs.10 Lakhs to Rs.1 Crore
d) Rs.0.20 Lakhs to Rs.1 Crore
e) None of these
23. Which of the following can issue participatory notes?
a) SEBI
b) RBI
c) FIIs or sub-accounts
d) FDI or sub-accounts
e) None of these
24. The contract notes issued by a foreign institutional investors representing their investment in Indian equity market is called as what?
a) Participatory notes
b) Depository receipts
c) Stock options
d) Discount papers
e) None of these
25. Global Depository Receipt (GDR), is normally traded on which of the following?
a) US Stock Exchanges
b) European Stock Exchanges
c) RBI
d) SIDBI
e) None of these
26. When banks have business relationship with the industrial and business entities, this is part of which type of banking?
a) Universal banking
b) International banking
c) Whole sale banking
d) Retail banking
e) None of these
27. Retail banking has 3 basic features and the business such as deposits, credit cards, insurance, investment and securities, is part of which of the following features?
a) Multiple customer group
b) Multiple products
c) Multiple channels of distribution
d) Corporate banking
e) None of these
28. Which of the following products in retail banking do not fall under retail under retail deposit products?
a) No frills accounts
b) Deposit accounts of senior citizens
c) Depository services
d) Locker facility
e) None of these
29. Which of the following is an objective of maintenance of SLR by banks?
a) To restrict expansion of bank credit
b) To increase bank investment in approved securities
c) To ensure solvency of banks
d) To give more loans
e) None of these
30. The rate at which RBI purchases or rediscounts bill of exchange or other eligible commercial instruments from banks is called as what?
a) SLR
b) MCLR
c) CRAR
d) Bank Rate
e) CRR
31. Which of the following denomination notes can be issued by RBI?
a) Rs.10,000
b) Rs.2,000
c) Rs.500
d) Rs.100
e) All the above
32. The central Board of RBI comprises, a Governor, 4 Deputy Governors, and how many directors (viz.official and non-official)?
a) 5
b) Governor + 4 Deputy Governors + 10+2+4
c) 2
d) 3
e) None of these
33. Banking Regulator in USA is
a) RBI
b) Federal Reserve
c) SEBI
d) IRDAI
e) None of these
34. Urban Cooperative Banks are controlled by whom?
a) NABARD
b) Central Government
c) State Government & RBI
d) HUDCO
e) None of these
35. The deposit of cash under CRR requirement with RBI is which requirement?
a) Discretionary
b) Mandatory
c) Voluntary
d) Free
e) None of these
36. Which of the following does not match?
a) IRDAI : Regulator of insurance market
b) SEBI : Regulator of capital market
c) RBI : Regulator of money market
d) SEBI : Regulator of forex market
e) None of these
