1. General credit control by RBI is done through?
a) Bank rate
b) CRR
c) SLR
d) All the above
e) None of these
2. Commercial bank can increase their lending and investing ability through?
a) Level liquidity and excess cash
b) Commercial papers
c) Taking the help of public
d) Productive methods
e) None of these
3. Who is also known as lender of the last resort?
a) Commercial banks
b) RBI
c) Regional rural banks
d) Union Government of India
e) None of these
4. Basic banking services making available with nil or very minimum balance saving account is done through which of the following?
a) Recurring savings account
b) Government sponsored credit account
c) QAB quarterly minimum balance
d) No frills savings account
e) None of the these
5. Take the odd one out.
a) Pledge
b) Hypothecation
c) Assignment
d) Mortgage
e) Lien
6. In primary and secondary markets dealer of Government securities is known as?
a) Primary dealer
b) Secondary dealer
c) Ledger
d) Corporate bond dealer
e) None of these
7. What are/ is the source of income to banks?
a) Bill discounting
b) Commission/ Brokerage
c) Interest on loans
d) Interest on investments
e) All the above
8. What are the agency services provided by commercial banks?
a) Collecting and payment of credit instruments
b) Letter credit
c) Collecting statistics
d) Traveler's cheques and credit cards
e) Merchant banking
9. Banks underwrite securities issued by ......
a) Government of india
b) Public sector companies
c) Private sector companies
d) Both b and c
e) All the above
10. Bank grant loan for very short period not exceeding 7 days and payable immediately at short notice is what kind of advancing?
a) Consumer credit
b) Smart money advancing
c) Call money or money at call advancing
d) Money credit
e) Cash credit
11. Commercial banks provide locker facility to their customer for .......
a) Safe custody
b) Storing excess gold and valuables of banks
c) Filing important documents
d) Satisfying the Bank's jewellry and gold needs.
e) All the above
12. Current deposits are also known as .......
a) Fixed Deposits
b) Demand Deposits
c) Time Deposits
d) All the above
e) None of these
13. Identify the way(s) of bank lending ........
a) Cash credit
b) Overdraft facility
c) Bill discounting
d) Term loans
e) All the above
14. Which of the following system encourages the habit of thrift?
a) Savings account deposit
b) Fixed deposit
c) Economy deposit
d) Commercial deposit
e) None
15. The rate at which bank quote to their most credit worthy customers ......
a) Statutory Liquidity Rate
b) Fixed Rate
c) Floating Rate
d) Prime Lending Rate
e) None
16. Identify the corresponding banking services.
a) Cheque collection
b) Securities safe keeping and trading
c) Loan participating
d) Fund transfer
e) All the above
17. Local area banks are those which operates?
a) In a single branch or unit banks
b) In a city or town
c) In a specific metropolitan cities
d) In a couple of districts which are contiguous
e) None of these
18. Who are all can not open a savings account in commercial banks?
a) Illiterate and blind persons
b) Legal business entity
c) Self helping groups
d) Hindu undivided family
e) None
19. Cash reserves include ........
a) Money market instruments
b) Cash
c) Treasury bills
d) All of these
e) None of these
20. An instrument which enable a account holder to draw money from his bank deposit account is known as ......
a) Cheque
b) Demand Draft
c) Pay in slip
d) Challan
e) None
21. Identify the main and major source of income to bank from the following ......
a) Commission received by Issuing Demand Drafts against money deposited.
b) QAB Charges.
c) The difference between the rate of interest allowed on deposits and the rate charged on the Loans.
d) Charges collected on current account transactions.
e) None
22. Which are/ is the Instruments used by Central Government to barrow money from RBI?
a) Treasury bills
b) Certificate of deposit
c) Commercial paper
d) Both b and c
e) None of these
23. Identify the odd from following negotiable instrument.
a) Cheque
b) Bank draft
c) Bill of exchange
d) Fixed deposit
e) Promissory notes
24. Public sector banks are owned by ......
a) Wholly by Government of India
b) Government of India and with minor share of RBI
c) Government of India with major share and along with general public share holders
d) Only RBI
e) None of these
25. The act that helps banks in their day to day banking activities is ...
a) Negotiable instrument act
b) Service sector act
c) RBI act
d) Banking act
e) None
26. Which is the largest commercial bank in India?
a) PNB
b) ICICI Bank
c) SBI
d) Central Bank of India
e) None of these
27. What is an unconditional order in writing be drawn by a customer on his bank?
a) Cheque
b) Complaint
c) Draft
d) Bank note
e) All the above
28. Which bank says that our bank is 'India's International Bank' .......
a) ICICI Bank
b) Bank of Baroda
c) SBI
d) HDFC Bank
e) RBI
29. Which is not a function of commercial bank from the following?
a) Issuing letter of credits, travelers cheques
b) Safe custody of valuables
c) Collecting and distrusting business information
d) Providing reports on credit worthiness of customers
e) None of these
30. Indian rupee is also known as ......
a) Standard token coin
b) Nickel coin
c) Silver or gold coin
d) Token coin
e) None of these
ANSWERS:
1-d, 2-a, 3-b, 4-d, 5-c, 6-a, 7-e, 8-a, 9-e, 10-c
11-a, 12-b, 13-e, 14-a, 15-d, 16-e, 17-d, 18-b, 19-d, 20-a
21-c, 22-a, 23-d, 24-c, 25-a, 26-c, 27-a, 28-b, 29-e, 30-a.
a) Bank rate
b) CRR
c) SLR
d) All the above
e) None of these
2. Commercial bank can increase their lending and investing ability through?
a) Level liquidity and excess cash
b) Commercial papers
c) Taking the help of public
d) Productive methods
e) None of these
3. Who is also known as lender of the last resort?
a) Commercial banks
b) RBI
c) Regional rural banks
d) Union Government of India
e) None of these
4. Basic banking services making available with nil or very minimum balance saving account is done through which of the following?
a) Recurring savings account
b) Government sponsored credit account
c) QAB quarterly minimum balance
d) No frills savings account
e) None of the these
5. Take the odd one out.
a) Pledge
b) Hypothecation
c) Assignment
d) Mortgage
e) Lien
6. In primary and secondary markets dealer of Government securities is known as?
a) Primary dealer
b) Secondary dealer
c) Ledger
d) Corporate bond dealer
e) None of these
7. What are/ is the source of income to banks?
a) Bill discounting
b) Commission/ Brokerage
c) Interest on loans
d) Interest on investments
e) All the above
8. What are the agency services provided by commercial banks?
a) Collecting and payment of credit instruments
b) Letter credit
c) Collecting statistics
d) Traveler's cheques and credit cards
e) Merchant banking
9. Banks underwrite securities issued by ......
a) Government of india
b) Public sector companies
c) Private sector companies
d) Both b and c
e) All the above
10. Bank grant loan for very short period not exceeding 7 days and payable immediately at short notice is what kind of advancing?
a) Consumer credit
b) Smart money advancing
c) Call money or money at call advancing
d) Money credit
e) Cash credit
11. Commercial banks provide locker facility to their customer for .......
a) Safe custody
b) Storing excess gold and valuables of banks
c) Filing important documents
d) Satisfying the Bank's jewellry and gold needs.
e) All the above
12. Current deposits are also known as .......
a) Fixed Deposits
b) Demand Deposits
c) Time Deposits
d) All the above
e) None of these
13. Identify the way(s) of bank lending ........
a) Cash credit
b) Overdraft facility
c) Bill discounting
d) Term loans
e) All the above
14. Which of the following system encourages the habit of thrift?
a) Savings account deposit
b) Fixed deposit
c) Economy deposit
d) Commercial deposit
e) None
15. The rate at which bank quote to their most credit worthy customers ......
a) Statutory Liquidity Rate
b) Fixed Rate
c) Floating Rate
d) Prime Lending Rate
e) None
16. Identify the corresponding banking services.
a) Cheque collection
b) Securities safe keeping and trading
c) Loan participating
d) Fund transfer
e) All the above
17. Local area banks are those which operates?
a) In a single branch or unit banks
b) In a city or town
c) In a specific metropolitan cities
d) In a couple of districts which are contiguous
e) None of these
18. Who are all can not open a savings account in commercial banks?
a) Illiterate and blind persons
b) Legal business entity
c) Self helping groups
d) Hindu undivided family
e) None
19. Cash reserves include ........
a) Money market instruments
b) Cash
c) Treasury bills
d) All of these
e) None of these
20. An instrument which enable a account holder to draw money from his bank deposit account is known as ......
a) Cheque
b) Demand Draft
c) Pay in slip
d) Challan
e) None
21. Identify the main and major source of income to bank from the following ......
a) Commission received by Issuing Demand Drafts against money deposited.
b) QAB Charges.
c) The difference between the rate of interest allowed on deposits and the rate charged on the Loans.
d) Charges collected on current account transactions.
e) None
22. Which are/ is the Instruments used by Central Government to barrow money from RBI?
a) Treasury bills
b) Certificate of deposit
c) Commercial paper
d) Both b and c
e) None of these
23. Identify the odd from following negotiable instrument.
a) Cheque
b) Bank draft
c) Bill of exchange
d) Fixed deposit
e) Promissory notes
24. Public sector banks are owned by ......
a) Wholly by Government of India
b) Government of India and with minor share of RBI
c) Government of India with major share and along with general public share holders
d) Only RBI
e) None of these
25. The act that helps banks in their day to day banking activities is ...
a) Negotiable instrument act
b) Service sector act
c) RBI act
d) Banking act
e) None
26. Which is the largest commercial bank in India?
a) PNB
b) ICICI Bank
c) SBI
d) Central Bank of India
e) None of these
27. What is an unconditional order in writing be drawn by a customer on his bank?
a) Cheque
b) Complaint
c) Draft
d) Bank note
e) All the above
28. Which bank says that our bank is 'India's International Bank' .......
a) ICICI Bank
b) Bank of Baroda
c) SBI
d) HDFC Bank
e) RBI
29. Which is not a function of commercial bank from the following?
a) Issuing letter of credits, travelers cheques
b) Safe custody of valuables
c) Collecting and distrusting business information
d) Providing reports on credit worthiness of customers
e) None of these
30. Indian rupee is also known as ......
a) Standard token coin
b) Nickel coin
c) Silver or gold coin
d) Token coin
e) None of these
ANSWERS:
1-d, 2-a, 3-b, 4-d, 5-c, 6-a, 7-e, 8-a, 9-e, 10-c
11-a, 12-b, 13-e, 14-a, 15-d, 16-e, 17-d, 18-b, 19-d, 20-a
21-c, 22-a, 23-d, 24-c, 25-a, 26-c, 27-a, 28-b, 29-e, 30-a.
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