1.
A Sub-Committee of the Central Board of the Reserve Bank was constituted
to study issues and concerns in the MFI sector under the chairmanship
of _____.
a)
Ms Usha Thorat
b)
Shri Y. H. Malegam
c)
Ms Shyamala Gopinath
d)
Shri Anand Sinha
e)
None of the above
2. For
a remittance of Rs 100,000 under NEFT how much maximum charges other than
service tax can be charged by a bank to the remitter?
a)
Rs 5
b)
Rs 25
c)
Rs 50
d)
Rs 5 per thousand
e)
None of these
3. With
effect from 1st July 2010, interest rates of Banks are linked to which of
the following?
a)
Base Rate
b)
Benchmark Prime Lending Rate
c)
Bank Rate
d)
Repo Rate
e)
None of the above
4. Action
under Sarfaesi Act can be taken by a bank in respect of which of the
following types of advances?
a)
Only Standard Assets
b)
Only Sub Standard Assets
c)
All NPAs
d)
All NPAs except loss accounts
e)
All NPAs except sub standard accounts
5. Royal
Bank of Scotland based in London opens an account with State Bank of India
in Mumbai in Indian Rupees. For SBI this account will be treated
as_____.
a)
Nostro account
b)
Vostro account
c)
Loro account
d)
All of these
e)
None of the above
6. Which
of the following is correct regarding Operating Hours of NEFT?
a)
NEFT operates in hourly batches - there are twelve settlements from 8 am
to 7 pm on week
days
and six settlements from 8 am to 1 pm on Saturdays.
b)
NEFT operates in batches of 2 hours each – there are seven settlements
from 9 am to 5 am on week days and five settlements from 9 am to 1 pm
on Saturdays.
c)
NEFT operates in batches of one hour and two hour – there are nine
settlements from 9 am to 5 am on week days and three settlements from
9 am to 12 pm on Saturdays.
d)
24*7
e) None
of the above
7.
For coverage under Priority Sector, how much maximum amount can be
granted as educational loan for education in India and education abroad?
a)
Rs 10 lakh, Rs 20 lakh
b)
Rs 10 lakh, Rs 10 lakh
c)
Rs 4 lakh, Rs 10 lakh
d)
Rs 7.5 lakh, Rs 15 lakh
e)
None of these
8. Balance
Sheet of a firm indicates which of the following?
a)
Profit or Loss over a period.
b)
Financial position of the unit over a period.
c)
Financial position of the unit as on a particular date.
d)
Position of assets and liabilities over a period of time.
e)
None of the above
9. What
is the maximum charge excluding service tax and time varying tariff that
can be charged by a bank for remittance of more than Rs 5
lakh through RTGS?
a)
Rs 25
b)
Rs 50
c)
Rs 100
d)
All of these
e)
None of the above
10. As
per RBI directives, the limit for not obtaining collateral security in
case of advance to micro and small enterprises is Rs______.
a)
Rs 1 lac
b)
Rs 2 lac
c)
Rs 5 lac
d)
Rs 10 lac
e)
Rs 25 lac
11. In
the case of agricultural advances, banks shall not obtain collateral
security for loans up to ________.
a)
Rs 25,000
b)
Rs 50,000
c)
Rs 100,000
d)
Rs 200,000
e)
None of these
12. In
case of short term production credit to farmers up to Rs 3 lac, what is
the rate of interest subvention for 2014-15?
a)
1.5%
b)
2.5%
c)
2%
d)
3%
e)
None of the above
13. Interest
on Saving Bank deposits is calculated on the basis of ____________with
effect from 1st April 2010.
a)
Daily Product basis
b)
Minimum balance between 5th and last day of the month.
c)
Minimum balance between 10th and last day of the month.
d)
Monthly Product basis
e)
None of the above
14. Which
type of crossing restricts transferability of a cheque?
a)
Special Crossing
b)
Not Negotiable Crossing
c)
Account Payee Crossing
d)
Both (b) and (c) only
e)
None of the above
15. Which
of the following is not true about Equitable Mortgage?
a)
It is created by Deposit of title deeds.
b)
Title Deeds can be deposited by Mortgagor or his authorized agent.
c)
Title Deeds can be deposited at Mumbai, Kolkata, Chennai or any other
place notified by State Government.
d)
It can be only in respect of property located in urban areas
e)
None of the above
Answers.
1 B
2 A
3 A
4 C
5 B
6. A
7 A
8 C
9 B
10 D
11-C
12-C
13-A
14. C
15. D
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