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Banking and financial Awareness Previous Year Questions

Q 81. Which among the following is the slogan of Allahabad Bank?

(a) A tradition of trust
(b) World wise
(c) Honour your trust
(d) Invest with confidence
(e) Trusted family bank
Ans: (a)

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Q 82. Which bank announced that it had entered into agreements with private insurers Cigna TTK and Reliance General Insurance to provide health and general insurance services to its customers?

(a) Tamilnadu Merchantile Bank
(b) Bank of Baroda
(c) Maharashtra Bank
(d) Andhra Bank
(e) None of these
Ans: (d)

Q 83. According to a recent Reserve Bank’s Instructions on Banking matters. Banks cannot accept interest free deposits other than in

(a) Demand deposit account
(b) Term deposit account
(c) Current account
(d) Both

(a) and (b)
(e) None of these
Ans: (c)

Q 84. Which of the following is/are traditional type of open market operations used by the Reserve Bank of India ?

(a) Outright purchase
(b) CRR
(c) SLR
(d) Repurchase agreement
(e) Both

(a) and (d)
Ans: (e)

Q 85. The deposit of cash under cash reserve ratio requirement with the RBI is a

(a) Contributory requirement
(b) Discretionary requirement
(c) Mandatory requirement
(d) Voluntary requirement
(e) None of these
Ans: (c)

Q 86. Which one of the following rates is not decided by RBI?

(a) Repo rate
(b) Prime Lending Rate
(c) Bank rate
(d) Marginal Standing Facility rate
(e) None of these
Ans: (b)

Q 87. Who can file a criminal case against the drawer of a dishonored cheque?

(a) The payee
(b) The holder in due course
(c) Both of the above
(d) The paying banker
(e) None of these
Ans: (c)

Q 88. The Aadhar-Enabled Payment System is a bank-led model that facilitates banking facilities through banking correspondents across banks. However, Aadhaar-enabled basic types of banking transactions do ‘not’ include?

(a) Aadhaar to Aadhaar funds transfer
(b) Small overdraft facility
(c) Cash withdrawal
(d) Balance enquiry
(e) Cash deposit
Ans: (b)

Q 89. Mutual Fund Agents are compensated through

(a) Salaries
(b) Commissions
(c) An annual fee
(d) Not in cash but in kind
(e) Any of these depending upon his/her quarterly performance
Ans: (b)

Q 90. All records of an individual’s payments pertaining to loans and credit cards are submitted to Credit Information Bureau by member banks and credit institutions, on a

(a) Daily basis
(b) Weekly basis
(c) Fortnightly basis
(d) Monthly basis
(e) Quarterly basis
Ans: (d)

Q 91. Base Rate of loans are

(a) Set by the Reserve Bank of India
(b) Fixed by individual banks
(c) Applicable to all new loans after July 2010
(d) Both a and b
(e) Both b and c
Ans: (e)

Q 92. Which of the following is/are not the function/functions of RBI?
1. Issue of Notes
2. Bankers of Bank
3. Issue of One Rupee note

(a) Only 1
(b) Only 2
(c) Only 3
(d) Only 2 and 3
(e) All 1, 2 and 3
Ans: (c)

Q 93. Bandhan bank deals mainly in

(a) Customer credit
(b) Microfinance
(c) Control of Money supply
(d) Both

(a) and
(b) are correct
(e) None of these
Ans: (c)

Q 94. Who pays the Rural Area Business Correspondents for their services?

(a) Banks
(b) Ministry of Finance
(c) Ministry of Labour & Employment
(d) Ministry of Rural Development
(e) None of these
Ans: (a)

Q 95. The RBI has recently constituted a 10-member ‘High Level Task Force on Public Credit Registry for India’, who is the head of Public Credit Registry?

(a) Sekar Karnam
(b) Rashesh Shah
(c) Vishaka Mulye
(d) Sriram Kalyanaraman
(e) YM Deosthalee
Ans: (e)

Q 96. The RBI has asked banks authorised to deal in foreign exchange to share data with which of the following?

(a) Ministry of Finance
(b) Securities and Exchange Board of India
(c) Directorate of Revenue Intelligence
(d) Intelligence Bureau
(e) Comptroller and Auditor General of India
Ans: (c)

Q 97. The rate of interest charged by the central bank for short term on the cash borrowed by commercial banks is called _______.

(a) Repo Rate
(b) Reverse Repo Rate
(c) Bank Rate
(d) Cash Reserve Ratio
(e) Base Rate
Ans: (a)

Q 98. Statutory Liquidity Ratio is defined as ‘the share of bank’s total deposit that it needs to maintain itself as liquid assets’. The current rate of SLR is ___________.

(a) 19.75%
(b) 20.00%
(c) 19.50%
(d) 20.25%
(e) 19.25%
Ans: (c)

Q 99. In Basic Savings Bank Deposit Account , one can withdraw money __________ times in a month.

(a) six
(b) two
(c) five
(d) three
(e) four
Ans: (e)

Q 100. Bharat QR Code will make use of QR codes system for payments across merchant outlets. Bharat QR was launched by ________.

(b) NPCI
(c) RBI
(d) SEBI
Ans: (b)

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