Professional Documents
Culture Documents
Compliance Quiz
Compliance Quiz
Part1
2) The Customer Service Committee of the Board of every bank should have a
customer service expert as invitee
a) True
b) False
3) Service charges for various products and services of banks are fixed by …………
a) RBI
b) IBA
c) Respective banks
d) Government of India
a) 15
b) 30
c) 45
d) 60
a) Section 6
b) Section 5
c) Section 118
d) Section 7
a) Cheque
b) Bill of Exchange
c) Currency Note
d) Promissory Note
10) Which section of Negotiable Instruments Act deals with dishonouring of Cheque?
a) Section 138
b) Section 6
c) Section 9
d) Section 18
11) Where was the first Headquarters of Reserve Bank of India (RBI) ?
a) New Delhi
b) Chennai
c) Kolkata
d) Mumbai
a) 1934
b) 1935
c) 1936
d) 1937
13) Who was the first Indian to become the RBI Governor?
a) C D Deshmukh
b) Raghuram Rajan
c) Y V Reddy
d) Manmohan Singh
a) 1935
b) 1947
c) 1949
d) 1956
15) Which section defines the Constitution of Monetary Policy Committee in Reserve
Bank of India Act 1934?
a) 45ZB
b) 45ZA
c) 42ZB
d) 42ZA
16) Which section of Reserve Bank of India Act 1934 defines the Denominations of
notes?
a) Section 22
b) Section 23
c) Section 24
d) Section 25
17) Which section of Reserve Bank of India Act 1934 provides RBI the Right to issue
bank notes?
a) Section 18
b) Section 22
c) Section 20
d) Section 25
18) Which section of Banking Regulation Act 1949 gives power to Reserve Bank to
impose penalty?
a) Section 39A.
b) Section 42A.
c) Section 35A.
d) Section 47A
19) Which section of Banking Regulation Act 1949 gives power to Central Government
to make rules?
a) Section 7
b) Section 52
c) Section 21
d) Section 38
20) Which of the following section of Banking Regulation Act 1949 directs licensing of
banking companies?
a) Section 20
b) Section 15
c) Section 29
d) Section 22
21) Government of India can print Re. 1 note and coins as per which act?
a) Section 2
b) Section 3
c) Section 5
d) Section 6
a) Pre-payment Instrument
b) Pre-paid Instrument
c) Post-paid Instrument
d) None of the above
a) 1955
b) 1956
c) 1959
d) 1964
25) In which year the second round of Bank nationalization was done in India?
a) 1979
b) 1974
c) 1980
d) 1988
26) In April 1980, …………….. banks were nationalized
a) 4
b) 6
c) 8
d) 10
28) Which was the first bank to introduce cheque system in India?
a) Bengal Bank
b) Bank of Hindustan
c) General Bank of India
d) Presidency Bank
29) Which of the following banks were declared as Domestic Systemically Important
Banks (D-SIBs) by the RBI on 31st Aiug‟15?
30) Name the micro finance company that becomes the first to start operation as a
commercial bank?
a) PayTm Bank
b) Vodafone m-Pesa Bank
c) Yes Bank
d) Bandhan Bank
a) Bank of Baroda
b) ICICI Bank
c) Punjab National Bank
d) State Bank of India
32) Which was the first bank to introduce credit card in India?
a) Canara Bank
b) Central Bank of India
c) Bank of Baroda
d) ICICI Bank
a) Canara Bank
b) ICICI Bank
c) Punjab National Bank
d) State Bank of India
a) HSBC
b) Standard Chartered Bank
c) State Bank of India
d) United Bank of India
a) USA
b) England
c) Australia
d) Russia
a. 1938
b. 1971
c. 1973
d. 1993
a. Canara Bank
b. Syndicate Bank
c. State Bank of India
d. Axis Bank
38) The liberalization of Indian Banking and Regulation was done based on
recommendation of _______?
a. R Gandhi Committee
b. Narasimham Committee
c. Basel Committee
d. Khusro Committee
39) Which of the following is a financial ratio that gives a measure of a company's ability
to meet its financial losses?
42) Which among the following is called the rate of interest charged by RBI for lending
money to various commercial banks by rediscounting of the bills in India?
a. Bank Rate
b. Discount Window
c. Monetary Policy
d. Overnight Rate
43) What is the term for recession occurring two times with a small gap in between?
a. Deep Recession
b. Deflation
c. Double-dip Recession
d. Double Inflation
50) As per the provisions of which act all financial institutions have to maintain a record
for all form of transactions?
51) Which of the following is the clearing agency for Government securities?
a. GOI
b. RBI
c. CCIL
d. SEBI
53) Which of the following is governed by the provisions of Section 42 of the Reserve
Bank of India Act, 1934?
a. Bank rate
b. Reverse Repo Rate
c. SLR
d. CRR
a. Finance Minister
b. Finance Secretary
c. RBI Governor
d. The President
56) On 6th Aug‟15 the Lok Sabha adopted the Negotiable Instruments (Amendment) Bill
2015 that enables the _________.
a. Enable Cheque collections on Electronic Mode & Proposed to change the definition
of Cheques
b. Proposed to change the definition of Cheques & Lift the penalty over bouncing
cheques
c. Lift the penalty over bouncing cheques & Proposed to change the definition of
Cheques
d. Increase the penalty over bouncing cheques & Enable Cheque collections on
Electronic Mode
57) Name the initiative launched by the then Finance Minister Arun Jaitely to revamp
functioning of public sector banks, PSBs on 14th Aug‟15?
a. Seven Plan
b. Maulik Niti
c. BankNiti
d. Indradhanush
a. Exim Bank
b. Export Credit Guarantee Corporation
c. Reserve Bank of India
d. Registrar of companies
a. 1957
b. 1992
c. 1982
d. 1981
a. RRB
b. NHB
c. NABARD
d. RBI
a. FRBI
b. SEBI
c. SIDBI
d. RBI
a. CRISIL
b. CIBIL
c. SMERA
d. CERSAI
a. BSE
b. NSE
c. PSE
d. CSE
67) Among the following banks, which bank has been renamed as Axis Bank Ltd?
a. HDFC Bank
b. Centurion Bank
c. Lord Krishna Bank
d. UTI Bank
69) What does RBI regulate through Open Market Operation Transactions?
70) What is the most powerful tool used by the Reserve Bank of India to control
inflation?
a. Raise interest rates
b. Raise current supply
c. Reduce current supply
d. Reduce interest rates
a. This is the fund which is dumped into a country to get the advantage of a favourable
interest rate
b. This is the fund which is provided by a bank in US $ at very short notice and at a very
high rate of interest and for a longer period of repayment
c. This is the fund which is pushed into market through illegal methods
d. None of the above
a. Belgium
b. France
c. Germany
d. Switzerland
73) Which one of the following is the special drawing right given by the International
Monetary Fund to its member countries?
a. Cold money
b. Hot money
c. Paper gold
d. None of these
a. Whole life
b. Term insurance
c. Unit linked insurance plan
d. Endowment plan
76) Among the following, which type of banking system works on the principles of
'sharia'?
a. Corporate Banking System
b. Shadow Banking
c. Islamic Banking
d. Payments Bank System
77) Frauds, once detected, are to be reported to RBI within ……….. days of detection
a. 7
b. 14
c. 21
d. 28
78) Expand the term LIBOR as used in financial banking sectors?
79) Which of the following is not the function of the Reserve Bank of India ?
80) ATMs that are owned and managed by non-banking entities are known as –
82) Which of the following is the purpose of introducing “Know Your Customer” norms
by the banks?
83) What is the maximum amount a customer can keep in the account with a Payments
Bank?
a. Rs. 10,000/-
b. Rs. 25,000/-
c. Rs. 50,000/-
d. Rs. 1,00,000/-
84) When RBI provides a loan to the bank for short-term between 1 to 90 days, RBI
takes some interest from the bank which is termed as ……….
a) Repo Rate
b) Reverse Repo Rate
c) CRR
d) SLR
a. VOSTRO Account
b. NOSTRO Account
c. Both of the above
d. None
86) When was the Banking Ombudsman scheme first introduced in India?
a. 1995
b. 1996
c. 2000
d. 2001
a. HSBC
b. Citi Bank
c. Standard Chartered Bank
d. Deutshce Bank
89) Which is correct about PSL targets for Foreign banks in India?
90) A Small Finance Bank in India has ……% of its ANBC as PSL target
a. 40
b. 50
c. 60
d. 75
a. 2002
b. 2005
c. 2001
d. 2006
a) Individuals
b) NGOs
c) Micro-finance Institutions
d) All of the above
a) Finance Minister
b) Prime Minister
c) RBI Governor
d) Chief Economic Advisor
96) Which department of the RBI offers the facility of opening deposit accounts to other
banks?
a) DOR
b) DAD
c) DOS
d) None of the above
a) Reserve Street
b) Credit Street
c) Mint Street
d) None of the above
99) For which of these countries the RBI has served as the central bank in the past?
a) Myanmar
b) Nepal
c) Sri Lanka
d) All of the above
100) Who wrote the book The Problem of the Rupee – Its origin and its solution”, which
gave the concept of RBI?
a) B.R Ambedkar
b) Jawahar Lal Nehru
c) Mahatma Gandhi
d) Raja Ram Mohan Rai
Part 2
1. In case of a company, the beneficial owner is the natural person who owns
……….% or more shares of the company.
a. 15
b. 20
c. 25
d. 30
2. Which one of the following is not an Officially Valid Documents for KYC?
a. Driving License
b. Ration Card
c. PAN Card
d. Passport
3. Within ……… days of opening a savings account, the KYC details have to be
uploaded to CKYCR
a. 5
b. 7
c. 10
d. 15
a. Shell Bank
b. Investment Bank
c. Private Bank
d. None of the above
a. True
b. False
9. The aggregate of all credits in a „Small Account‟ during a financial year does not
exceed Rupees ………
a. 10,000/-
b. 50,000/-
c. 1,00,000/-
d. 2,00,000/-
10. The maximum period a Small Account can continue without completing full KYC
a. 12 months
b. 24 months
c. 36 months
d. 48 months
11. Re-KYC shall be carried out at least once in every ….. years for high risk
customers
a. One
b. Two
c. Three
d. Eight
12. If PAN is not available for a savings bank customer, ………. has to be obtained
a. Form 60
b. Form 61
c. Either of the above
d. None of the above
14. Banks have to maintain records of transactions for at least …… years from the
date of transaction.
a. Three
b. Five
c. Seven
d. Ten
a. RBI
b. Finance Ministry
c. Defense Ministry
d. FIU-IND
17. Payment of a cheque shall not be made if it is presented beyond …….. months
from the date of the cheque
a. Two
b. Three
c. Six
d. Nine
18. Demand Draft shall not be made from cash payment of Rupees ………. and
above
a. 10,000/-
b. 20,000/-
c. 50,000/-
d. None of the above
a. 10
b. 25
c. 50
d. 100
21. Banks are paid an incentive of Rs. …. per bag of coins distributed over the
counter
a. 25
b. 50
c. 75
d. 100
22. The minimum amount of deposit into / withdrawal from currency chest is Rupees
…. Lakhs
a. 1
b. 2
c. 3
d. 5
23. Under the LRS, resident individuals are permitted to freely transfer up to USD
…….. per financial year
a. 1,00,000/-
b. 2,00,000/-
c. 2,50,000/-
d. 3,00,000/-
24. Any resident individual may remit up-to USD …….. in one FY as gift to a person
residing outside India or as donation to an organization outside India
a. 1,00,000/-
b. 2,00,000/-
c. 2,50,000/-
d. 3,00,000/-
25. A NRE account can be opened as a joint account with a resident relative.
a. True
b. False
a. Savings Account
b. Fixed Deposit
c. Recurring Deposit
d. All of the above
27. Opening of accounts by individuals from Pakistan requires prior approval of …..
a. RBI
b. Ministry of Home Affairs
c. Ministry of Finance
d. Any of the above
28. Banks are required to furnish a Flash Report for frauds involving amounts of
Rupees ……. million and above within a week of noticing such frauds.
a. 10
b. 25
c. 50
d. 100
29. Banks are required to constitute a Special Committee of the Board for
monitoring and follow up of cases of frauds (SCBF) involving amounts of Rupees
…… million and above
a. 10
b. 25
c. 50
d. 100
a. 10,000/-
b. 15,000/-
c. 20,000/-
d. 25,000-
31. The threshold for monitoring accounts under Early Warning Signal is Rupees
……
a. 100 million
b. 250 million
c. 500 million
d. 1000 million
32. In case of frauds, banks must complete staff accountability exercise within ….
Months from the date of classification as a fraud.
a. One
b. Two
c. Three
d. Six
33. Legal audit is required to be carried out for exposures of Rs. …… crore and
above
a. One
b. Five
c. Ten
d. Fifty
34. The Central Fraud Monitoring Cell (CFMC) of RBI is situated at ……..
a. Bangalore
b. Chennai
c. Mumbai
d. Delhi
a. 5 Lakhs
b. 10 Lakhs
c. 25 lakhs
d. 50 Lakhs
36. A micro service enterprise is an enterprise where the investment in …… does not
exceed Rs. 10 lakhs
a. Plant
b. Equipment
c. Machinery
d. None of the above
37. Which one of the following is not a proof of investment in plant and machinery by
an MSME
38. What is the maximum loan under priority sector can be provided to a service
enterprise under MSME?
a. No limit
b. 10 Lakhs
c. 50 Lakhs
d. 100 Lakhs
39. Banks are required to achieve a sub-target of …….% of ANBC, as MSME loans
a. 5
b. 7
c. 7.5
d. 8.5
40. Banks are mandated not to accept collateral security in cases of loans up to Rs.
…. Lakhs to MSE sector
a. 2
b. 5
c. 10
d. 25
41. As per BCSBI standards, banks are required to dispose MSME loans up to Rs. 5
Lakhs with in ……… weeks
a. One
b. Two
c. Three
d. Four
a. 15
b. 17
c. 18
d. 20
a. 1
b. 2
c. 3
d. 4
45. Education loan up to Rs. ….. lakh is treated as priority sector loan
a. 5
b. 10
c. 15
d. 20
a. True
b. False
47. Housing loans to individuals up to Rs. ……. Lakhs in metropolitan centres are
treated as priority sector loans
a. 15
b. 25
c. 35
d. 45
49. No loan related and adhoc service charges/inspection charges should be levied
on priority sector loans up to Rs……
a. 10,000/-
b. 15,000/-
c. 20,000/-
d. 25,000/-
50. Under this segment funds are transacted for a period between 2 days and 14
days
a. Call Money
b. Notice Money
c. Both of the above
d. None of the above
a. Call Money
b. Notice Money
c. Both of the above
d. None of the above
a. Certificate of Deposit
b. Commercial Paper
c. Both of the above
d. None of the above
53. To issue Commercial Paper, the tangible net worth of the company should not be
less than Rs….. crore
a. 2
b. 4
c. 6
d. 8
a. 7 days
b. 14 days
c. 21 days
d. 28 days
a. 1 year
b. 2 years
c. 5 years
d. None of the above
56. Banks/FIs can not buy back their own Certificate of Deposits before maturity.
a. True
b. False
a. Non-convertible Debts
b. Non-currency Debts
c. Non-convertible Debentures
d. None of the above
a. Rs. 5 lakhs
b. Rs. 10 lakhs
c. Rs. 50 lakhs
d. None of the above
61. What is the minimum average maturity period of ECB raised for repayment of
Rupee loans availed domestically for capital expenditure?
a. 1 year
b. 5 years
c. 7 years
d. 10 years
62. Remittances against normal imports should be completed not later than ….
months from the date of shipment
a. One
b. Two
c. Six
d. Twelve
63. Currency Declaration Form (CDF) is not required if aggregate value of foreign
currency notes (cash portion) alone brought at any one time does not exceed
USD …… or its equivalent.
a. 1000
b. 2000
c. 5000
d. 10000
64. A trade in which the goods acquired do not enter the domestic tariff area
a. Import Trade
b. Merchanting Trade
c. Export Trade
d. None of the above
a. Fortnightly
b. Monthly
c. Quarterly
d. Half-yearly
67. Banks should report the data on Counterfeit Notes to RBI on a ……basis.
a. Weekly
b. Monthly
c. Quarterly
d. None of the above
a. 1996
b. 1997
c. 1998
d. 1999
70. A bank can grant loans and advances on the security of its own shares.
a. True
b. False
71. With out the prior approval/knowledge of the …….., a bank should not grant any
loans to the relatives of its Directors.
a. Board
b. RBI
c. DFS
d. None of the above
a. 5
b. 10
c. 20
d. 25
73. Banks are required to maintain minimum CRR balances up to ….. per cent of the
average daily required reserves for a reporting fortnight on all days of the
fortnight
a. 90
b. 95
c. 100
d. None of the above
74. What is the current rate of interest paid by RBI on the CRR balances maintained
by banks?
a. Repo
b. Reverse Repo
c. Zero
d. None of the above
a. True
b. False
77. At least ….. percent of banking outlets opened by a bank during a financial year
should be in unbanked rural centres.
a. 10
b. 15
c. 20
d. 25
a. RBI
b. DFS
c. DCC/DLRC
d. None of the above
79. There will be zero liability to the customer in case of third party breach where the
deficiency lies neither with the bank nor with the customer but lies elsewhere in
the system, and the customer notifies the bank within ……. working days of
receiving the communication from the bank regarding the unauthorised electronic
transaction.
a. One
b. Three
c. Seven
d. Fourteen
a. 7
b. 10
c. 15
d. 20
81. What is the compensation to be paid to the customer if failed ATM transaction is
not reversed within 5 days?
84. Banks may provide the facility of withdrawal of cash at any merchant
establishment through PoS devices with a daily limit of Rs…… at Tier I and II
centres.
a. 1000/-
b. 1500/-
c. 2000/-
d. 2500/-
a. 6 am
b. 7 am
c. 8 am
d. 8.30 am
86. Balance enquiry at own bank ATM shall not be treated as part of free ATM
transactions.
a. True
b. False
87. A customer can opt for not to avail nomination facility at the time of opening
account
a. True
b. False
88. If principal or interest is overdue between 1-30 days, the account is termed as….
a. SMA 0
b. SMA 1
c. SMA 2
d. None of the above
89. SMA accounts with exposure of Rs. …. Million and above shall be reported to
CRILIC
a. 10
b. 25
c. 50
d. 100
a. 10
b. 15
c. 20
d. 25
93. Any acquisition of shareholding / voting rights of …. per cent or more of the paid-
up capital of a private sector bank in India shall be subject to obtaining prior
approval from the Reserve Bank of India
a. 5
b. 7
c. 9
d. 10
94. FDI in private sector banks in India is limited up to …. Per cent of the paid up
capital of the bank.
a. 49
b. 74
c. 86
d. None of the above
95. At least ….. percent of the paid up share capital of private sector banks in India
shall be held by resident Indians.
a. 24
b. 25
c. 26
d. 74
a. RBI
b. Respective Banks
c. DFS
d. None of the above
a. One Crore
b. Two Crore
c. Three Crore
d. Five Crore
98. Banks can pay additional interest up to …… percent for deposits maintained by
staff members
a. 0.25
b. 0.50
c. 1
d. 2
99. Banks have the freedom to offer term deposits without premature withdrawal option.
a. True
b. False
101. In case of a company, the beneficial owner is the natural person who
owns ……….% or more shares of the company.
e. 15
f. 20
g. 25
h. 30
102. Which one of the following is not an Officially Valid Documents for KYC?
e. Driving License
f. Ration Card
g. PAN Card
h. Passport
103. Within ……… days of opening a savings account, the KYC details have to
be uploaded to CKYCR
e. 5
f. 7
g. 10
h. 15
e. Shell Bank
f. Investment Bank
g. Private Bank
h. None of the above
c. True
d. False
c. True
d. False
109. The aggregate of all credits in a „Small Account‟ during a financial year
does not exceed Rupees ………
e. 10,000/-
f. 50,000/-
g. 1,00,000/-
h. 2,00,000/-
110. The maximum period a Small Account can continue without completing full
KYC
e. 12 months
f. 24 months
g. 36 months
h. 48 months
111. Re-KYC shall be carried out at least once in every ….. years for high risk
customers
e. One
f. Two
g. Three
h. Eight
112. If PAN is not available for a savings bank customer, ………. has to be
obtained
e. Form 60
f. Form 61
g. Either of the above
h. None of the above
e. Three
f. Five
g. Seven
h. Ten
e. RBI
f. Finance Ministry
g. Defense Ministry
h. FIU-IND
e. Two
f. Three
g. Six
h. Nine
118. Demand Draft shall not be made from cash payment of Rupees ……….
and above
e. 10,000/-
f. 20,000/-
g. 50,000/-
h. None of the above
e. RBI
f. Ministry of Home Affairs
g. Ministry of Defense
h. None of the above
120. Banks are eligible for reimbursement up to a maximum of Rs. ……….
Lakhs of capital expenditure for setting up a currency chest.
e. 10
f. 25
g. 50
h. 100
121. Banks are paid an incentive of Rs. …. per bag of coins distributed over the
counter
e. 25
f. 50
g. 75
h. 100
122. The minimum amount of deposit into / withdrawal from currency chest is
Rupees …. Lakhs
e. 1
f. 2
g. 3
h. 5
123. Under the LRS, resident individuals are permitted to freely transfer up to
USD …….. per financial year
e. 1,00,000/-
f. 2,00,000/-
g. 2,50,000/-
h. 3,00,000/-
124. Any resident individual may remit up-to USD …….. in one FY as gift to a
person residing outside India or as donation to an organization outside India
e. 1,00,000/-
f. 2,00,000/-
g. 2,50,000/-
h. 3,00,000/-
125. A NRE account can be opened as a joint account with a resident relative.
c. True
d. False
e. Savings Account
f. Fixed Deposit
g. Recurring Deposit
h. All of the above
e. RBI
f. Ministry of Home Affairs
g. Ministry of Finance
h. Any of the above
128. Banks are required to furnish a Flash Report for frauds involving amounts
of Rupees ……. million and above within a week of noticing such frauds.
e. 10
f. 25
g. 50
h. 100
129. Banks are required to constitute a Special Committee of the Board for
monitoring and follow up of cases of frauds (SCBF) involving amounts of Rupees
…… million and above
e. 10
f. 25
g. 50
h. 100
e. 10,000/-
f. 15,000/-
g. 20,000/-
h. 25,000-
131. The threshold for monitoring accounts under Early Warning Signal is
Rupees ……
e. 100 million
f. 250 million
g. 500 million
h. 1000 million
132. In case of frauds, banks must complete staff accountability exercise within
…. Months from the date of classification as a fraud.
e. One
f. Two
g. Three
h. Six
133. Legal audit is required to be carried out for exposures of Rs. …… crore
and above
e. One
f. Five
g. Ten
h. Fifty
134. The Central Fraud Monitoring Cell (CFMC) of RBI is situated at ……..
e. Bangalore
f. Chennai
g. Mumbai
h. Delhi
e. 5 Lakhs
f. 10 Lakhs
g. 25 lakhs
h. 50 Lakhs
e. Plant
f. Equipment
g. Machinery
h. None of the above
137. Which one of the following is not a proof of investment in plant and
machinery by an MSME
138. What is the maximum loan under priority sector can be provided to a
service enterprise under MSME?
e. No limit
f. 10 Lakhs
g. 50 Lakhs
h. 100 Lakhs
e. 5
f. 7
g. 7.5
h. 8.5
140. Banks are mandated not to accept collateral security in cases of loans up
to Rs. …. Lakhs to MSE sector
e. 2
f. 5
g. 10
h. 25
141. As per BCSBI standards, banks are required to dispose MSME loans up
to Rs. 5 Lakhs with in ……… weeks
e. One
f. Two
g. Three
h. Four
142. Banks are required to achieve a sub-target of …….% of ANBC, as
agriculture loans
e. 15
f. 17
g. 18
h. 20
e. 1
f. 2
g. 3
h. 4
145. Education loan up to Rs. ….. lakh is treated as priority sector loan
e. 5
f. 10
g. 15
h. 20
c. True
d. False
e. 15
f. 25
g. 35
h. 45
e. 10,000/-
f. 15,000/-
g. 20,000/-
h. 25,000/-
150. Under this segment funds are transacted for a period between 2 days and
14 days
e. Call Money
f. Notice Money
g. Both of the above
h. None of the above
e. Call Money
f. Notice Money
g. Both of the above
h. None of the above
e. Certificate of Deposit
f. Commercial Paper
g. Both of the above
h. None of the above
153. To issue Commercial Paper, the tangible net worth of the company should
not be less than Rs….. crore
e. 2
f. 4
g. 6
h. 8
e. 7 days
f. 14 days
g. 21 days
h. 28 days
e. 1 year
f. 2 years
g. 5 years
h. None of the above
156. Banks/FIs can not buy back their own Certificate of Deposits before
maturity.
c. True
d. False
e. Non-convertible Debts
f. Non-currency Debts
g. Non-convertible Debentures
h. None of the above
e. Rs. 5 lakhs
f. Rs. 10 lakhs
g. Rs. 50 lakhs
h. None of the above
e. 1 year
f. 5 years
g. 7 years
h. 10 years
162. Remittances against normal imports should be completed not later than
…. months from the date of shipment
e. One
f. Two
g. Six
h. Twelve
e. 1000
f. 2000
g. 5000
h. 10000
164. A trade in which the goods acquired do not enter the domestic tariff area
e. Import Trade
f. Merchanting Trade
g. Export Trade
h. None of the above
e. Fortnightly
f. Monthly
g. Quarterly
h. Half-yearly
167. Banks should report the data on Counterfeit Notes to RBI on a ……basis.
e. Weekly
f. Monthly
g. Quarterly
h. None of the above
e. 1996
f. 1997
g. 1998
h. 1999
170. A bank can grant loans and advances on the security of its own shares.
c. True
d. False
171. With out the prior approval/knowledge of the …….., a bank should not
grant any loans to the relatives of its Directors.
e. Board
f. RBI
g. DFS
h. None of the above
e. 5
f. 10
g. 20
h. 25
173. Banks are required to maintain minimum CRR balances up to ….. per cent
of the average daily required reserves for a reporting fortnight on all days of the
fortnight
e. 90
f. 95
g. 100
h. None of the above
174. What is the current rate of interest paid by RBI on the CRR balances
maintained by banks?
e. Repo
f. Reverse Repo
g. Zero
h. None of the above
c. True
d. False
177. At least ….. percent of banking outlets opened by a bank during a financial
year should be in unbanked rural centres.
e. 10
f. 15
g. 20
h. 25
e. RBI
f. DFS
g. DCC/DLRC
h. None of the above
179. There will be zero liability to the customer in case of third party breach
where the deficiency lies neither with the bank nor with the customer but lies
elsewhere in the system, and the customer notifies the bank within ……. working
days of receiving the communication from the bank regarding the unauthorised
electronic transaction.
e. One
f. Three
g. Seven
h. Fourteen
e. 7
f. 10
g. 15
h. 20
184. Banks may provide the facility of withdrawal of cash at any merchant
establishment through PoS devices with a daily limit of Rs…… at Tier I and II
centres.
e. 1000/-
f. 1500/-
g. 2000/-
h. 2500/-
186. Balance enquiry at own bank ATM shall not be treated as part of free
ATM transactions.
c. True
d. False
187. A customer can opt for not to avail nomination facility at the time of
opening account
c. True
d. False
e. SMA 0
f. SMA 1
g. SMA 2
h. None of the above
189. SMA accounts with exposure of Rs. …. Million and above shall be
reported to CRILIC
e. 10
f. 25
g. 50
h. 100
e. 10
f. 15
g. 20
h. 25
e. 5
f. 7
g. 9
h. 10
194. FDI in private sector banks in India is limited up to …. Per cent of the paid
up capital of the bank.
e. 49
f. 74
g. 86
h. None of the above
195. At least ….. percent of the paid up share capital of private sector banks in
India shall be held by resident Indians.
e. 24
f. 25
g. 26
h. 74
e. RBI
f. Respective Banks
g. DFS
h. None of the above
e. One Crore
f. Two Crore
g. Three Crore
h. Five Crore
e. 0.25
f. 0.50
g. 1
h. 2
199. Banks have the freedom to offer term deposits without premature withdrawal
option.
c. True
d. False