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Banking Awareness Exam - Past Questions
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Banking Awareness Exam - Past Questions
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25 Questions

1. The Reserve Bank of India (RBI) has recently issuedguidelines for asset reconstruction companies (ARCs) toincrease their investments in security receipts (SRs)with the objective of strengthening the asset recoverysector. What is the minimum prescribed percentage offunds that ARCs would now have to invest in SRs asdirected in this RBI guideline?
2. In international banking system - what does the TIBORstands for ___?
3. Who amongst the following was the Head of thecommittee which gave its recommendations on themodalities for Capital Account Convertibility?
4. An agreement - which in fact is a contract - between theRBI and banks for the sale and repurchase ofgovernment securities and short-term treasury bills at afuture date and for which the RBI indicates -˜the interestrate-™ - is generally known as
5. As we all have notices - banks these days are giving moreemphasis on "Branchless Banking-. What does this reallymean? ](1) Banks will not have many branches as used to be inthe good old days. Instead - the number of branches willbe restricted and will conduct only a specified corebusiness.(2) Banks will launch/operate many delivery channelslike ATMs - Mobile Banking/Internet Banking etc so thatpeople are not required to visit a branch for their usualbanking needs.(3) This means banks will issue only debit or credit cardsfor all types of day-today financial transactions.Cheques/ cash payments will not be allowed.
6. Which of the following organization/ agencies is notassociated with the world of banking and finance?
7. S.K. Jain - who was arrested by the CBI on charges ofallegedly accepting a bribe of Rs. 50 lakh to enhance thecredit limit of some companies - was the Chairman andManaging Director (CMD) of which publicsector bank?
8. Why are interest rates charged by Micro FinanceInstitutions (MFIs) higher than lending rates of banks?
9. Very often we read in newspapers/ magazines about-˜Sovereign Wealth Funds-™. Which of the following is/ arethe correct description of the same? These are the fundsor the reserves of a government or cenetral bank of acountry which are invested further to earn profitablereturns.(2) These are the funds which were accumulated bysome people over the years but were not put in activecirculation as they retain them as black money forseveral years.(3) The funds which are created to be used as relieffunds or bailout packages.
10. Money deposited with the bank becomes a debt due
11. The main function of the IMF is
12. At current prices - the GDP growth rate for the year 201314 - as projected by CSO stands at
13. Match the following:List IList IIA. Allahabad Bank1. 1894B. Oriental Bank of Commerce2. 1943C. Punjab National Bank3. 1943D. UCO Bank4. 1865Codes: A B C D
14. The main function of IMF is to
15. The UTI was established in
16. Which of the following is a nostro account?
17. An institution which accepts deposits - makes businessloans and offers related services is called
18. Which one of the following methods is currently used inIndia to issue note?
19. Which of the following statements is incorrect aboutNBFCs?
20. Currency Swap is an instrument to manage
21. Annual PPF ceiling to be enhanced to _____ from Rs 1lakh
22. Who is a very senior citizen?
23. Which of the following methods is being adopted byBanks for calculating and applying interest on SavingsBank accounts?
24. Which of the following policies is known as AnnualPolicy Statement?
25. Which of the following rates is decided by the marketconditions and not by RBI?