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SAMPLE QUESTIONS FOR
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JAIIB
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PRINCIPLES & PRACTICES OF BANKING

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This collection of questions are contributed by so many persons. First of all we thank all of them
for their valuable contribution. Though we had taken enough care to go through the questions,
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we request everyone to update yourself with the latest information through RBI website and
other authenticated sources. In case you find any incorrect/doubtful information, kindly update
us also (along with the source link/reference for the correct information).
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Principles & Practices of Banking
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Urban Cooperative Banks are controlled by ...... (i) NABARD, (ii) State Governments, (iii) RBI
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a. Only (i) and (ii)
b. Only (i) and (iii)
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c. Only (ii) and (iii)
d. (i), (ii) and (iii)
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Ans - c
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Depositories hold securities in ...... form. (i) Demat, (ii) Physical
a. Only (i)
b. Only (ii)
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c. Either (i) or (ii)
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d. Both (i) and (ii)
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Ans - a
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Example of semi-duplex mode of communication is ......
a. Radio broadcast
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b. walkie talkie
c. Four-wire modems
d. All of the above
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Ans - b
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Interest is calculated on actual/365 days basis in respect of the following products, except one :
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a. Call Money
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b. Notice Money
c. Term Money
d. GOI dated securities
Ans – d
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A Co-Operative Bank operating in different States are regulated by:
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a. State Co-Operative Societies Act
b. Banking Regulation Act
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c. Multi Unit Co-Operative Societies Act
d. Banking Laws (applicable to Co-Operative Societies)
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Ans - c
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Introducing RTGS and NEFT in remittance product category are example for ......
a. Line extension
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b. Brand extension oc
c. Multi brands
d. New brands
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Ans - c
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According to Companies Act, maximum duration of financial year is ......

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a. 12 months
b. 12 months which can be extended upto 15 months
c. 18 months
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d. 15 months which can be extended upto 18 months
Ans - d
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A & B are maintaining an ‘E or S’ account. D has been named as nominee. Balance in the
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account will be payable to ...... on the death of A
a. Jointly to B and Nominee D

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b. Jointly to B and legal heirs of A

c. B alone
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d. D alone
Ans - c
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Which of the following is true in respect of opening of account in the name of Pardanashin
woman?
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a. Can be opened for literate and illiterate Pardanashin woman
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b. Can’t be opened for either literate or illiterate Pardanashin woman
c. Can be opened for literate Pardanashin woman only
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d. Can be opened illiterate Pardanashin woman only
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Ans - c
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The seven P's of service marketing in the context of banking services represent ......
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a. Production, procurement, price, promotion, place, process and people
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b. Product, price, promotion, place, process, physical evidence and people
c. Purchase, presentation, price, promotion, people, payment and persistent
d. None of these
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Ans - b
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The businesses became ...... driven due to increased competition. (i) Customer, (ii) Market (iii)
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Money

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Ans - a
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Cross-selling is a basic function of ......

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a. All employers
b. All employees
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c. All salespersons
d. Planning Department
Ans – c
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Effective selling skills does not depend on ...... (i) Size of the sales team, (ii) Peer strength, (ii)
Knowledge level of the sales team
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Ans - b
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Marketing implies 'meeting needs ...... (i) profitably, (ii) increasingly
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a. Only (i) oc
b. Only (ii)
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Ans - a
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The functions of the distribution channel do not includes ......

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a. Helping the company to do demand forecasting

b. Helping the customer in understanding and using the goods
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c. Marketing research
d. Promotion of the sale of goods
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Ans - c
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Funds and securities pay-in and pay-out are carried out on
a. On trading day
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b. T+1 day
c. T+2 day
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d. T+3 day
Ans - c
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Idea Screening is the first stage of ......
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a. New product development
b. Diversification
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c. Product modification
d. None of the above
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Ans - a
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Customer value hierarchy has ...... levels.
a. 4
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b. 5 oc
c. 6
d. 7
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Ans - b
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The Capital Adequacy Ratio is :

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a) 6%
b) 8%
c) 9%
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d) 10%
Ans - c
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The clearing house facilities for payment and delivery of securities is provided by ...
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a. CCIL
b. SEBI
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c. Stock Exchanges
d. All of the above
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Ans - c
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If the company’s sales are slow down, and profits level off or decline. At which stage the
company has reached?
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a. Introduction
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b. Decline
c. Growth
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d. Maturity
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Ans - d
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Mark-up pricing is a pricing ...... while as Geographic pricing is a pricing ......
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a. Method, Strategy oc
b. Strategy, method
c. Process, Policy
d. Policy, Process
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Ans - a
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Home banking is an example of ......

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a. Direct marketing
b. Indirect marketing
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c. Branch marketing
d. All the above
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Ans - a
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'Orient your needs to your sales', is a ......
a. Sales concept
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b. Marketing concept
c. Management concept
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d. Production concept
Ans - a
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The sum value of all the values that the consumer exchanges for the benefits of having or using
the product or service is called...
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a. Pricing Strategy
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b. Sale
c. Price
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d. Purchase
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Ans - c
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A successful "Blue Ocean" requires ...... (i) Effective communication, (ii) Innovative skills, (iii)
Motivation
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Ans - d
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Generation of sales lead can not be improved by...... (i) being passive, (ii) being very talkative,
(iii) engaging recovery agent
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Ans - c
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Which of the following is not an implied power of a partner in a partnership firm?

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a. To sell/pledge movable goods on account of partnership

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b. To borrow money, contract debts etc for the business of the partnership
c. To draw, make or accept negotiable instruments
d. To mortgage partnership immovable property
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Ans - d
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Introduction of additional items in an existing product category under the same brand name is
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called as ......
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a. Line extension
b. Brand extension
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c. Multi brands
d. New brands
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Ans - a
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Apart from Customer needs and wants, Cost to the customer and Convenience, which is the
other one in 4Cs?
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a. Consumption
b. Communication
c. Customer satisfaction
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d. Customer demand
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Ans - b
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A & B are maintaining an ‘E or S’ account. D has been named as nominee. Both A & B die in an
accident. Balance in the account will be payable to ......
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a. Jointly to legal heirs of A & B

b. legal heirs of A alone
c. Legal heirs of B alone
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d. D alone
Ans - d
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A collecting bank gets statutory protection under:
a. RBI Act
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c. Negotiable Instruments Act

d. Indian Contract Act
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Ans - c
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Time limit for settlement of claims in Deceased cases
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a. 30 days from the date of death
b. 15 days from the date of death
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c. 15 days from the date of submission of all the documents
d.30 days from the date of submission of all the documents
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Ans - c oc
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The Indian Banking System is regulated in terms of the provisions of ...... (i) Reserve Bank of
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India Act, 1934, (ii) Banking Regulation Act, 1949.
a. Only (i)
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b. Only (ii)
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Ans - d
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Marketing ...... the customer requirements. (i) identifies, (ii) satisfies

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a. Only (i)
b. Only (ii)
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Ans - d
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The key challenge to market-driven strategy is ......
a. Selling maximum products
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b. Employing maximum DSAs

c. Delivering superior value to customers
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d. Being rigid to changes
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Ans - c
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Clearing house facilities are not provided by ...... for netting of payments and securities delivery.
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(i) primary dealers, (ii) stock exchanges, (iii) SEBI
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d. (i), (ii) and (iii) oc
Ans - b
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RBI acts as the Banker to the ...... Governments. (i) Central, (ii) State
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a. Only (i)
b. Only (ii)
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Ans - d
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A decrease in the Bank Rate is likely to lead to a ...... in interest rates of banks. (i) Decrease, (ii)
Increase
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a. Only (i)
b. Only (ii)
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d. Neither (i) nor (ii)

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Ans - a
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Format of cheque is defined in ...... (i) NI Act, (ii) As per RBI guidelines (iii) As per customs &
practices
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Ans - c
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Bailor-bailee relationship is applicable in:
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a. cash deposited with cashier by customer oc
b. safe deposit locker
c. demand draft issued by bank
d. keeping articles in safe custody with bank
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Ans - d
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Pledged goods in the possession with the bank can be sold by the bank ...... (i) with court
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intervention (ii) after notice to borrower for recovery of its dues.
a. Only (i)
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b. Only (ii)
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Ans - b
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The relationship created when the bank collects a cheque in clearing is ......
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a. holder for value

b. clearing member and principal
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c. agent and principal

d. collecting bank and holder
Ans – d
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Corporate Bonds usually carry a rating from ...... to ......
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a. A, D
b. AA, DD
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c. AAA, D
d. AAA, DDD
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Ans - c
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Interest rate futures were launched in India in year ......
a. 2001
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b. 2002 oc
c. 2003
d. 2004
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Ans – c
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RBI notifies CRR under _________ Act

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a. Section 24 of the Banking Regulation Act

b. Section 42 of the Banking Regulation Act
c. Section 24 of the RBI Act
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d. Section 42 of the RBI Act
Ans - d
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Which of the following is not true in respect of Minor?

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a. A minor cannot be sued for recovery of any monies lent except for meeting the necessaries
of his/her life
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b. A minor can draw, endorse and negotiate a cheque binding all other parties except himself
c. If a minor misrepresents his age, he is liable for his contracts
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d. A minor cannot ratify the contracts on his attaining majority
Ans - c
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A cheque drawn by a Power of Attorney holder is presented for payment. You come to known
through reliable source that Principal has died. Which of the following action you will take?
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a. Return the cheque
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b. Pay the cheque
c. None of these
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Ans - a
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Can nomination be made by an illiterate depositor?
a. Yes, by affixing his Thumb Impression on form DA1 without witness
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b. Yes, by affixing his Thumb Impression on form DA1 with one witness
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c. Yes, by affixing his Thumb Impression on form DA1 with two witnesses
d. No, such nomination may be under influence may not hold legal validity
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Ans - b
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Nomination is not allowed in which of the following cases?

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a. Individual Resident A/c

b. NRIs A/c
c. Sole Proprietorship A/c
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d. Accounts held in Representative Capacity
Ans - d
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Facility of Nomination has been introduced in Banks on recommendations of which committee?

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a. Talwar Committee
b. Ghosh Committee
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c. Jilani Committee
d. Sawaikar Committee
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Ans - a
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Registered office of M/s XYZ Ltd Co. is at New Delhi. This company wants to enter into an MOU
with French Company having its registered office at Paris. Managing Director of M/s XYZ Co Ltd
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will be visiting Paris next month in this respect. What will you suggest him regarding Common
Seal?
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a. To carry original common seal to Paris
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b. To carry facsimile of the Common Seal to Paris
c. Either a or b
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d. No Common seal can be taken to a foreign country
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Ans - a
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What is the amount of subsidy admissible to Self Help Group under SGSY scheme? (i) 50% of
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the project cost, (ii) Maximum Rs 10000 per beneficiary (iii) Maximum of Rs 2,00,000 for Self
Help Group.
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Ans - a
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Which of the following is true in respect of opening of account in the name of Pardanashin
woman?
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a. Can be opened for literate and illiterate Pardanashin woman

b. Can’t be opened for either literate or illiterate Pardanashin woman
c. Can be opened for literate Pardanashin woman only
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d. Can be opened illiterate Pardanashin woman only
Ans - c
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Limitation period for filling of the review application against the award given by the Banking
Ombudsman is ........
a. 30 Days
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b. 45 days
c. 60 Days
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d. 90 Days
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Ans - b
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through reliable source that PA holder has been declared insolvent. Which of the following
action you will take?
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a. Return the cheque as agency is terminated
b. Pay the cheque as insolvency of agent does not terminate the agency
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c. Pay the cheque after obtaining Principal’s confirmation
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d. None of these
Ans - b
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Which of the following is not true in respect of Administrators?

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a. Appointed by a testator through a will

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b. Appointed by Court in absence of a will to act through Letter of Administration

c. Performs the duty of realizing and distributing the assets of a deceased
d. On death of one of the Administrators his powers are vested in surviving executors
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Ans - a
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Minimum number of directors in case of Private & Public Ltd Co. respectively?
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a. 2, 7
b. 1, 5
c. 2, 3
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d. No such stipulation
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Ans - c
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Garnishee Order is issued by the ...... (i) Court, (ii) IT Dept
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a. Only (i)
b. Only (ii)
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Ans - a
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In terms of Section 293 (1) d. of the Companies Act, 1956, can Board of Directors of a Public
Limited Company borrow in excess of the aggregate of the paid-up capital and its free reserves?
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a. Yes, after passing a resolution at a duly convened meeting of the Board
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b. Yes, after obtaining consent of the shareholders in its General Meeting
c. No, it is prohibited under Section 293 of Companies Act
d. Yes, Borrowing upto 200% of Paid Up capital & free reserves is permitted under Sec 293
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Ans - b
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As per Sec. 372 A of Companies Act, 1956 a Limited Company can make a loan to any other
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body corporate and give a guarantee upto ......
a. 60% of its paid-up share capital and free reserves

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b. 100% of its free reserves

c. Higher of a and b
d. Lower of a and b
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Ans - c
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According to Companies Act, maximum duration of financial year?

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a. 12 months
b. 12 months which can be extended upto 15 months
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c. 18 months
d. 15 months which can be extended upto 18 months
Ans – d
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Nomination is defined under which Act?
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a. Sec 24 of BR act
b. Sec 42 of RBI act
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c. Sec 45 Z of BR act
d. None of these
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Ans - c
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What are the disadvantages of not registering a partnership firm?
a. Creditors of firm cannot sue an unregistered firm
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b. An unregistered firm cannot sue its debtors & partners
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c. Both a & b
d. None of these
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Ans - b
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In which of the following locker accounts nomination is allowed?

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a. E or S
b. B or S
c. Any one or Survivor
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d. Both without survivorship
Ans - d
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Minimum and maximum number of share holders in a public limited company?

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a. 2, 50
b. 10, 50
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c. 7, no limit
d. 7, 50
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Ans - c
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Which of the following are the norms of awarding compensation by the banking ombudsman ?
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a. banking ombudsman does not have unlimited powers to allow compensation.
b. the maximum limit of compensation is Rs. 10 lac
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c. no compensation will be awarded in excess of that which is necessary.
d. all the above
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Ans - d
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To authenticate a Digital signature, which of the following keys are used: (i) Private key, (ii)
Public key, (iii) Master key
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a. Only (i) and (ii) oc
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Ans - a
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The first committee that gave its recommendations relating to mechanization of banking
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system:
a. Rangarajan Committee
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b. Saraf Committee
c. Shere Committee
d. Narasimham Committee
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Ans - a
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Which of the following is the biological aspect of a computer? (i) Finger, (ii) Hand, (iii) Retina
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Ans – b
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CBLO is operated by ......
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a. RBI
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b. NABARD
c. CCIL
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d. GOI
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Ans - c
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Government Securities are issued at par value of Rs. ......
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a. 10 oc
b. 50
c. 100
d. 1000
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Ans - c
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Government Securities pa interest at coupon rate on a ...... basis.

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a. Daily
b. Monthly
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c. Half Yearly
d. Yearly
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Ans - c
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Can nomination be made in favour of a Minor?
a. No, Minor cannot give a valid discharge to bank on death of the depositor
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b. Yes, freely permitted

c. Yes, however, an appointee is required to be named for Minor
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c. Either b or c
Ans - c
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Can nomination be made in a singly operated SB Account of a Minor above age of 10 years?
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a. No, Contract with a Minor is void ab initio
b. Yes, DA1 form to be signed by the Minor himself
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c. Yes, DA1 form to be signed by the person who is lawfully entitled to act on behalf of the
minor
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d. Either b or c
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Ans - c
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In case of non-compliance of the award by the bank the baking ombudsman will report to;
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a. reserve bank of India. oc
b. supreme court
c. finance ministry
d. consumer protection forum
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Ans - a
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What is the maximum limit of compensation the baking ombudsman may a award?
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a. Rs. 1 lac
b. Rs. 5 lac
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c. Rs. 10 lac
d. Rs. No such limit
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Ans - c
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A & B are maintaining an ‘E or S’ account. D has been named as nominee. Balance in the
account will be payable to ________ on the death of A.
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a. Jointly to B and Nominee D

b. Jointly to B and legal heirs of A
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c. B alone
d. D alone
Ans – c
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Which of the followings cannot become a Partner in a Firm?
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a. Company as a single entity
b. Trust if provided in Trust Deed
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c. HUF as a single entity
d. Another Firm, each partner as individual member
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Ans - c
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The committee that gave its recommendation for drawing a perspective plan of
computerization for the period 1990-94:
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a. Shere Committee oc
b. Narasimham Committee
c. Rangarajan Committee
d. Saraf Committee
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Ans - c
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An electronic substitute for a manual signature that serves the similar function as a manual
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signature is called as (i) encrypted signature, (ii) digital signature
a. Only (i)
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b. Only (ii)
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Ans - b
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What is ASBA in e-Invest?

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a. All Scheduled Bank Association

b. Applications Supported by Blocked Amount
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c. All India State Bank Association

d. All Savings Bank Account Holders
Ans – b
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The banking ombudsman scheme was implemented in India on ......
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a. 14.6.1995
b. 1.1.7.1995
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c. 2.10.1995
d. 15.12.1995
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Ans - a
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through reliable source that PA holder has died. Which of the following action you will take?
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a. Return the cheque as agency is terminated oc
b. Pay the cheque as Principal is alive
d. None of these
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Ans - b
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The Officer who Issues a Notice under SARFAESI Act should be at least ......
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a. Branch Manager
b. Chief Manager
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c. Assistant General Manager

d. Deputy General Manager
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Ans - b
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The minimum tenor for borrowing of ICDs by PDs is ...... days.
a. 1
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b. 7
c. 14
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d. 90
Ans - b
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CDs can't be issued to ......
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a. Trusts
b. Minors
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c. NRIs
d. Funds
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Ans - b
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te
A Corporate would be eligible to issue CP, if its TNW is not less than ...... crore/s.
a. 1
k
b. 2 oc
c. 3
d. 4
m
Ans - d
.................................................
iib
Fortnightly average outstanding lending of SCBs should not exceed more than ...... % of their
capital funds.
ca
a. 25
b. 50
iib
c. 75
d. 100
.ja
Ans - a
.................................................
w
Co-operative Banks are permitted to borrow to the extent of ...... % of their aggregate deposits
as at the end of March of the previous financial year in the call/notice money market.
w
a. 1
b. 2
w
c. 3
d. 5
Ans – b
…………………………………………………………………………………………………………………………………………………………………
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What are the formalities the banking ombudsman will comply before passing an award ?
m
a. if the complaint is not settled within 2months from the date of receipt of the complaint, the
baking ombudsman will inform parties about his intention to pass an award.
o
b. both the parties may submit further representation or evidences in support their case within
15 days.
.c
c. the banking ombudsman will pass an award.
d. all the above
st
Ans - d
te
.............................................
The maximum tenor of Government Securities can be upto ...... years.
k
a. 1
b. 10
oc
c. 20
m
d. 30
Ans - d
iib
.................................................
ca
The secretariat staff in the baking ombudsman office will be
a. drawn from banks.

iib
b. drawn from reserve bank

c. directly appointed
d. (a) and (b)
.ja
Ans - d
.............................................
w
Normally the day of auction for 364-day T-bill is ......

w
a. Wednesday
b. Wednesday of reporting week
w
c. Wednesday of non-reporting week

Ans – b
…………………………………………………………………………………………………………………………………………………………………
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…………………………………………………………………………………………………………………………………………………………………
The tenor of issue of ICDs can be upto ...... months.
m
a. 3
b. 6
o
c. 9
d. 12
.c
Ans - d
st
.................................................
te
Which of the following is a/an input device in a computer system? (i) Key board, (ii) Bar code
reader, (iii) Touch pad
k
m
Ans - d
.............................................
iib
Advertising and sales promotion, public relations are three of the five tools of the promotion
ca
mix. The other two are ......
a. Personal selling, direct marketing

iib
b. Home banking, internet banking

c. Physical evidence and people
d.Neither of the above
.ja
Ans - a
.............................................
w
LC which can be amended or cancelled by the opening bank is called......

w
a. Transferable LC
b. Irrevocable LC
w
c. Revocable LC
d. Revolving LC
Ans – c
…………………………………………………………………………………………………………………………………………………………………
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Product strategies are of ...... types.
m
a. 1
b. 2
o
c. 3
d. 4
.c
Ans - b
st
.............................................
te
The apex institution which handles refinance for agriculture and rural development is called:
a. RBI
k
b. SIDBI oc
c. NABARD
d. SEBI
m
Ans - c
.............................................
iib
Which of the following charge over assets of the company is not required to be registered with
Registrar of Companies?
ca
a. Equitable Mortgage
b. Hypothecation
iib
c. Pledge
d. Charge on Book Debts
.ja
Ans - c
.............................................
w
Rules relating to Common Seal are contained in which of the following?
a. Certification of Incorporation
w
b. Memorandum of Association
c. Certificate of Commencement of Business
w
d. Articles of Association
Ans - d
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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As per Basel II recommendations, there are ...... key principles for Supervisory Review.
m
a. 3
b. 4
o
c. 5
d. 6
.c
Ans - b
st
.............................................
te
Before passing an award the banking ombudsman will be guided by;
a. evidences produced by the parties.
k
b. banking law and practice. oc
c. instructions and guidelines issued by RBI
d. all the above
m
Ans - d
.............................................
iib
The tenor of issue of CPs can be upto ...... months.

ca
a. 3
b. 6
c. 9
iib
d. 12
Ans - d
.................................................
.ja
Minimum amount of a CD should be ...... lakh/s.

w
a. 1
b. 2
c. 3
w
d. 5
w
Ans - a
.................................................
…………………………………………………………………………………………………………………………………………………………………
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…………………………………………………………………………………………………………………………………………………………………
The acceptance of recommendations of the banking ombudsman should be conveyed by the

bank within?
m
a. 7 days
o
b. 15 days
c. 15days
.c
d. 30days
st
Ans - d
.............................................
te
How many offices the banking ombudsman have at present ?
k
a. 5 oc
b. 10
c. 21
d. 29
m
Ans - b
.............................................
iib
Normally the amount of auction for 91-day T-bill is ...... crores

ca
a. 4000
b. 5000
iib
c. 6000
d. 7000
.ja
Ans - c
.................................................
w
Issue of probate of a will is governed by which act?
a. Indian Contract Act

w
b. NI Act
c. Indian Succession Act
w
d. Transfer of Property Act
Ans - c
.................................................
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A probate issued by a High Court is valid ____________ and is applicable to ___________
m
a. Within the state, Movable assets
b. Within the state, Movable & Immovable assets
o
c. Throughout India, Movable assets
d. Throughout India, Movable & Immovable assets
.c
Ans - d
st
.................................................
te
A probate issued by the District court is valid _________
a. Within the district for any amount
k
b. Within the State for any amount & property not exceeding Rs 50000/- outside the State
oc
c. Throughout India for any amount
d. Within the State for any amount & property not exceeding Rs 10000/- outside the State
m
Ans - d
.................................................
iib
Any addition/alteration made in the ‘Will’ by maker by an instrument is referred to as ......

ca
a. Allonge
b. Codicil
c. Assignment
iib
d. None
Ans - b
.ja
.................................................
Succession certificate is not applicable to which of the followings except in the states of UP &
w
MP?
a. Debts
w
b. Securities
c. Goods & Articles
w
d. Applicable to All
Ans - c
.................................................
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How many common seals a company may have?
m
a. Any Number
b. Only One
o
c. As Provided in AoA
d. As Provided in MoA
.c
Ans - b
st
.................................................
te
accident. Balance in the account will be payable to ......
k
a. Jointly to legal heirs of A & B oc
b. legal heirs of A alone
c. Legal heirs of B alone
d. D alone
m
Ans - d
.................................................
iib
Which of the following is not true in respect of Garnishee order?

ca
a. Issued under S 60 of the Civil Procedure Code

b. Attaches TDRs payable at a Future Date
iib
c. Collection items / Clearing Credits realized after the receipt of the order are not attached
d. Order in Joint names then deposit in single name not attached
.ja
Ans - d
.................................................
w
Which of the following is not true in case of Revenue attachment order?
a. Issued by I Tax, Sales Tax, Wealth Tax authorities

w
b. Specific amount will be mentioned

c. Accounts of deceased/insolvent not attached
w
d. Future Credits attached
Ans - c
.................................................
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What is the time limit to accept the recommendations of baking ombudsman by a bank?
m
a. one week
b. 2 weeks
o
c. 3 weeks
d. 4 weeks
.c
Ans - b
st
.............................................
te
NREGA (National Rural Employment Guarantee Act) is renamed after ......
a. Jawahar Lal Nehru
k
b. Mahatma Gandhi oc
c. Indira Gandhi
d. Rajeev Gandhi
m
Ans - b
.................................................
iib
Optical fibre can carry signals at ......

ca
a. 100 mega bits/sec

b. 500 mega bits/sec
c. 2 giga bits/sec
iib
d. 5 giga bits/sec
Ans - c
.ja
.............................................
Which is not one of the aspects which need careful scrutiny for launching a product?
w
a. Geographical reach
b. Timing of launch
w
c. Place of launch
d. Prospect consumer groups
w
Ans - c
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
When a firm faces a situation that the expected sales and profit do not reach the desired levels,
it can adopt ... possible approaches.
m
a. 2
o
b. 3
c. 4
.c
d. 5
st
Ans - b
.............................................
te
Example of Simplex mode of communication is ......
k
a. Radio broadcast oc
b. Walkie talkie
c. Four-wire modems
d. All of the above
m
Ans - a
.............................................
iib
Under PMRY, the eligible subsidy is ...... % of the project cost.

ca
a. 10
b. 15
iib
c. 20
d.25
.ja
Ans - b
.............................................
w
The tenor of issue of CBLO can be upto ...... months.
a. 3
w
b. 6
c. 9
w
d. 12
Ans - d
.................................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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The BBA asks ...... Banks to contribute the LIBOR for each maturity and each currency.
m
a. 4
b. 8
o
c. 16
d. 32
.c
Ans - c
st
.................................................
te
MIBOR was launched in year ......
a. 1996
k
b. 1997 oc
c. 1998
d. 1999
m
Ans - c
.................................................
iib
What is the relationship between the bank and RBI when the bank is handling the currency
chest at its branch?
ca
a. Beneficiary and Trustee

b. Agent and Principal
iib
c. Bailee and Bailor

d. Trustee and Beneficiary
.ja
Ans - b
.............................................
w
Which of the following statement is not true?
a. Minor cannot become a partner in a Firm but he can be admitted to the benefits of the
w
partnership with the consent of all partners

b. Minor is not liable personally for any debts of the Firm nor his private property can be made
w
liable
c. Minor’s share in the Firm is liable for all acts of the Firm
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
d. Within one month of attaining majority, Minor should by way of public notice, elect to
become or not to become a partner in the Firm
m
Ans - d
o
.............................................
.c
Bank can grant loans against ......
st
a. LIC Policy
b. CDs
te
c. FD issues other bank
d. Mutual fund
k
Ans - a oc
.............................................
Which is not a retail deposit product?

m
a. credit card
b. term deposits
iib
c. senior citizen deposits

d. No frills acct
ca
Ans - a
.............................................
iib
MCX-STOCK EX LTD consists of how many shares?

.ja
a. 30
b. 40
c. 50
w
d. 60
Ans - b
w
.............................................
w
MCX-SX Third on line national stock exchange started operating?
a. Dec 2012
b. Jan 2013
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
c. Feb 2013
d. April 2013
m
Ans - c
o
.............................................
.c
A customer has a saving bank account and her husband had withdrawn the money from the
bank on the basis of forged cheques at various occasions but the customer did not object to it.
st
After his death, she comes to bank and demands the money:
te
a. Bank would refer the matter to the court
b. Bank is liable on forged cheques
c. The bank is negligent but not liable, as the customer is party to the forgery and did not
k
inform the bank in time oc
d. loss shall be borne in the ratio of 50:50 by the bank and the customer
Ans - b
m
.............................................
If a borrower wants to file an appeal with DRAT against the decision of DRT under DRT Act, how
iib
much amount it will be required to deposit:

ca
a. 75% of the amount

b. 50% of the amount
c. 25% of the amount
iib
d. 10% of the amount
Ans – a
.ja
.............................................
In a partnership firm, the provision regarding maximum no. of partners is mentioned in ......
w
a. Indian Partnership Act

b. Indian Contract Act
w
c. Indian Companies Act

d. Banking Regulation Act
w
Ans - c
.............................................
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Facebook Groups -
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A customer of Delhi branch of the bank having Multi-city cheque book under the CBS, demands
payment of a cheque at Lucknow branch of the bank and there is connectivity between these
m
two branches ......
o
a. it is not a proper demand
b. demand is in order. Lucknow branch should pay. Bank would get proper discharge.
.c
c. to demand money all bank branches are considered one unit whether the cheque is normal
or multi-city.
st
d. demand is in order, but Lucknow branch cannot get valid discharge as contract is with Delhi
branch
te
Ans - b
.............................................
k
Not negotiable crossing means ......
oc
a. The collecting banker should confirm about the genuineness of holder before collection of his
m
cheque
b. The not negotiable cheque cannot be further negotiated.
c. Collection of not negotiable cheque will not get protection under NI Act
iib
d. A transferee cannot get better title than a transferor and he also cannot transfer a better
title than he possesses.
ca
Ans - d
.............................................
iib
A firm discounts its export receivables of up to 5 years without recourse to the exporter under
which of the following arrangement:
.ja
a. forfaiting
b. factoring
w
c. securitisation
d. bills discounting
w
Ans - a
.............................................
w
A gives a mandate in favour of B to operate his account and later on, a power of attorney is
executed by A in favour his wife. In this case......
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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a. Mandate would remain effective along with power of attorney

b. Mandate would become ineffective, if revoked specifically
m
c. only one will be operative (either mandate or power of attorney)
d. a and b
o
Ans - d
.c
.............................................
st
accident. C, son of A, produces a court order restraining the Bank from making payment from
te
the account. What action you will take?
a. Payment will be made jointly to legal heirs of A & B
k
b. Payment will be made to C oc
c. Payment to D will be a valid discharge to Bank’s Liability
d .Payment to D will be stopped
m
Ans - d
.............................................
iib
Who among the following will sign the account opening form for opening a current account in
case of a partnership firm where the firm has three partners and a minor, aged 17, has been
ca
admitted to the firm for benefits?
a. all the three and the father of the minor

iib
b. all the three and natural guardian of the minor

c. all the three and the minor himself
d. all the three partners only excluding the minor.
.ja
Ans - d
.............................................
w
The person who apply for an LC.

w
a. seller
b. creditor
w
c. debtor
d. buyer
Ans – d
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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You receive a garnishee order for a current account maintained in your branch. A cheque is
received for payment. What memo should be appended while returning the cheque:
m
a. Garnishee order received
o
b. Refer to drawer. Garnishee order received
c. insufficiency of funds due to garnishee order
.c
d. a and b
st
Ans - a
.............................................
te
The stage where the product is introduced to the market and the real-life reactions are known
is called as......
k
a. Idea screening
b. Commercial launch
oc
c. Test Marketing
m
d. Concept testing
Ans - c
iib
.............................................
ca
...... requires staffing, allocation of tasks and responsibilities, budgeting, and securing financial
and other resources needed.
iib
a. Analysis
b. Planning
c. Implementation
.ja
d. Control
Ans - c
w
.............................................
Ravi Kumar and Sons, an HUF, maintain a current account. The Karta of the HUF dies and leaves
w
behind three family members i.e. his wife and two minor sons. How will you deal with the
account?
w
a. Bank will stop operations in the account

b. Account can be operated by minor son being male member
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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c. Account would be operated by widow being guardian of eldest male member to be called
Karta
m
d. Account can be operated by any of the two sons
o
Ans - c
.............................................
.c
Which of the following documents in case of a company is called Charter of the company?
st
a. Resolution from Board of Directors or Shareholders
te
c. Articles of Association
d. Certificate of Incorporation
k
Ans - b
.............................................
oc
m
What percentage of total output of the Export Oriented Units (EOUs) producing farm products
could be sold in the Domestic Tariff Area (DTA) in India without losing the benefits of duty free
imports?
iib
a. Nil
ca
b. 66
c. 25
d. 50
iib
Ans - d
.............................................
.ja
Providing banking facilities to the poor people of the society for mutual benefit of poor persons
as well as banks, is called ;
w
a. Financial literacy
b. Financial inclusion
w
c. Narrow banking
d. Universal banking
w
Ans - b
.............................................
…………………………………………………………………………………………………………………………………………………………………
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Reserve Bank of India’s functions are classified into:
m
a. Supervisory & Regulatory
b. Promotional & Developmental
o
c. Refinance Activities
d. All of the above
.c
Ans - d
st
.............................................
te
A bill presented by your branch is dishonoured and you want to get its noting. The provision
regarding noting is described under section...of NI Act:
k
a. 100 oc
b. 99
c. 85A
d. 131
m
Ans - b
.............................................
iib
If a borrower wants to file an appeal with DRAT against the decision of DRT under SARFAESI Act,
ca
how much amount it will be required to deposit:
a. 75% of the amount

iib
b. 50% of the amount

c. 25% of the amount
d. 10% of the amount
.ja
Ans - b
.............................................
w
Hindustan lever launched Surf Excel and Surf Excelmatic. This is a ...... type of branding strategy
w
a. Line Extension
b. Brand Extension
w
c. New Brand
d. Multi-Brand
Ans – a
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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A bank receives a cheque for collection from its customer. Bank gives credit before collection of
the cheque. It also allows the customer to withdraw the amount. In such case, the ......
m
a. Bank is holder
o
b. Bank is holder for value
c. Bank becomes holder in due course
.c
d. Representative of the drawer
st
Ans - b
.............................................
te
As per PML Act, Banks has to submit CTR to FIU-India for transactions of above Rs. 10 Lakhs
within ...... of close of the month.
k
a. 3 Days
b. 7 Days
oc
c. 15 Days
m
d. 30 Days
Ans - c
iib
.............................................
ca
Supervision over Capital Market and Stock Exchanges is the role of...
a. RBI
iib
b. SEBI
c. IRDA
d. AMFI
.ja
Ans - b
.............................................
w
Which one doesn't come under the classification of scheduled banks?

w
a. Public Sector Banks

b. Private Sector Banks
w
c. Foreign Banks
d. None of these
Ans - c
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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An activity of intangible nature to satisfy the customer requirement is called as...
m
a. Marketing
b. Services
o
c. Products
.c
Ans - d
st
.............................................
te
Sales are declining, profits are declining and competition is increasing. These indicate that the
product may be in ......
k
a. Introduction stage oc
b. Decline stage
c. Growth stage
m
Ans - b
.............................................
iib
‬Which one is not a non-fund based service?

ca
a. Collection of bills and documents

b. Letter of Credit
iib
c. Bill discounting
d. Bank guarantee
.ja
Ans - c
.............................................
w
The three layers of packaging are ......
a. Primary, secondary, tertiary packaging

w
b. Primary, secondary and shipping packaging

c. Shipping, inner and outer packing
w
Ans - b
.............................................
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The objectives of price can be ......
m
a. Profit
b. Market share
o
c. cash flow
d. All the above
.c
Ans - d
st
.............................................
te
Participatory notes are not allowed to be issued to
a. Foreigners
k
b. Non-Residents oc
c. PIOs
d. None of these
m
Ans - c
.............................................
iib
A period of rapid market acceptance and increasing profits refers to which of the following
stages of the product life cycle?
ca
a. Decline
b. Maturity
iib
c. Introduction
d. Growth
.ja
Ans - d
.............................................
w
The small companies created exclusively to deal with Govt Securities are called...
a. Mutual Funds
w
b. Primary Dealers
c. FIIs
w
d. NBFCs
Ans - b
.............................................
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Facebook Groups -
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Instead of 4P, which is used for Marketing services?
m
a. 5P
b. 6P
o
c. 7P
d. 8P
.c
Ans - c
st
.............................................
te
Which of the following is the instrument of payment called Plastic Money? (i) Debit card, (ii)
Credit card, (iii) Banker's cheque
k
m
Ans - a
.............................................
iib
The T-bill is quoted in the secondary market with the minimum tradable amount of Rs.......
ca
a. 100
b. 10000
iib
c. 25000
d. 50000
.ja
Ans - c
.................................................
w
Under the Banking Ombudsman scheme an arbitrator is separately appointed by
A. Banking ombudsman himself

w
B. RBI
C. GOI-MOF
w
D. GOI-Law ministry
Ans – d
.................................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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A settlement system in which the processing and final payment of funds transfer instructions
takes place continuously, is called ......
m
a. debit clearing system
o
b. credit clearing system
c. national clearing system
.c
d. real time gross settlement
st
Ans - d
.............................................
te
Who can't issue CDs?
k
a. LABs oc
b. RRBs
c. Both a & b
d. None of these
m
Ans - c
.................................................
iib
A Corporate Bond which carry a rating of AAA is considered to be ......

ca
a. Highly safe
b. High probability of default
iib
c. Can't say
.ja
Ans - a
.................................................
w
A CP is a/an ...... instrument.
a. Secured
w
b. Unsecured
c. Both a & b
w
d. None of these
Ans - b
.................................................
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Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
The term SWIFT do not stand for which of the following? (i) Society for world-over international
financial transfers, (ii) Society for world-wide interbank financial telecommunication, (iii)
m
Society for world-wide interbank financial transfers
o
.c
st
Ans - b
te
.............................................
RBI introduced CP in ......
k
a. 1970
b. 1980
oc
c. 1990
m
d. 2000
Ans - c
iib
.................................................
ca
What is the maximum time for settlement of a claim before passing an award by the banking
ombudsman?
iib
a. within 15 days from the date of receipt of complaint.

b. within 30 days from the date of receipt of complaint.
c. within 2 months from the date of receipt complaint ,
.ja
d. within 3 months from he date of receipt of complaint
Ans - c
w
.............................................
‘A’ maintaining an SB Account dies intestate. No nomination had been made by him. Balance in
w
the account is Rs 50000/- . Which of the following is not required for settling the claim without
legal representation?
w
a. Death Certificate of ‘A’

b. Claim format signed by claimants
c. Stamped Letter of Indemnity by claimants
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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d. Stamped Letter of Indemnity by Surety
m
Ans - d
.................................................
o
‘A’ maintaining an SB Account dies intestate. No nomination had been made by him. Balance in
.c
the account is Rs 1 lakh. Which of the following is not required for settling the claim without
legal representation?
st
a. Death Certificate of ‘A’
te
b. Claim format signed by claimants
c. Stamped Letter of Indemnity by claimants & Sureties
d. Affidavit (stamped. from one Independent respectable person
k
Ans - d
.................................................
oc
m
Which of the following can be treated as part of the computer hardware: (i) Mother board (ii)
Memory (iii) power supply
iib

ca

iib
Ans - b
.............................................
.ja
A credit voucher for Rs. 30,000/- favouring Raju was wrongly posted to Ramu by the bank. The
relationship established with Ramu is of ......
w
a. trustee and beneficiary

b. debtor and guarantor
c. creditor and indemnifier
w
d. creditor and debtor

w
Ans - d
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Time limit for settlement of claims in Deceased cases ......
m
a. 30 days from the date of death
b. 15 days from the date of death
o
c. 15 days from the date of submission of all the documents
d. 30 days from the date of submission of all the documents
.c
Ans - c
st
.................................................
te
Power of Attorney can be ...... (i) Universal, (ii) Limited
a. Only (i)
k
b. Only (ii) oc
m
Ans - c
.............................................
iib
A draft purchased is reported lost and the purchaser wants to stop the payment of the draft.
What should the Bank do?
ca
a. Bank cannot stop payment since it is a promissory note.

b. Bank can stop payment since covered under negotiable instrument.
iib
c. Bank can ask the purchaser to suffer for negligence and bank cannot help.
d. Bank would issue stop payment instructions only after two weeks from date of issue.
.ja
Ans - a
.............................................
w
Nomination can be done in the case of ...... (i) Individuals, (ii) Partnership, (iii) Sole
Proprietorship
w

w

Ans – b
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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Which among the following is not mentioned in the Memorandum of Association of a

company?
m
a. Objects of the company
o
b. Authorized capital
c. Powers of directors in conducting general affairs of the company
.c
d. Registered office
st
Ans - c
.............................................
te
LAF relates to...
k
a. Temporary loans to state govt by RBI oc
b. Short term loans to Banks by RBI
c. Temporary loans to central govt by RBI
d. None of these
m
Ans - b
.............................................
iib
Breakdowns in internal controls is an example for

ca
a. Market Risk
b. Operational Risk
iib
c. Credit Risk
d. All of the above
.ja
Ans - b
.............................................
w
Can Board of Directors of a Public Limited Company borrow in excess of the aggregate of the
paid-up capital and its free reserves?
w
a. Yes, after passing a resolution at a duly convened meeting of the Board

b. Yes, after obtaining consent of the shareholders in its General Meeting
w
c. No, it is prohibited under Section 293 of Companies Act

d. Yes, Borrowing upto 200% of Paid Up capital & free reserves is permitted under Sec 293
Ans – b
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A Limited Company can make a loan to any other body corporate and give a guarantee upto
......
m
a. 60% of its paid-up share capital and free reserves
o
b. 100% of its free reserves
c. Higher of a and b
.c
d. Lower of a and b
st
Ans - c
.............................................
te
Treasury Operations is an example for
k
a. Market Risk oc
b. Operational Risk
c. Credit Risk
d. All of the above
m
Ans - c
.............................................
iib
The overall responsibility of risk management is assigned to...

ca
a. Risk Management Committee

b. Board of Directors
iib
c. Risk management Group

d. None of these
.ja
Ans - a
.............................................
w
This kind of market does not exist on the basis of Geographical Area.
a. Regional Market
w
b. National Market
c. Retail Market
w
d. Global Market
Ans - c
.............................................
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Diversification in which the new products or businesses have no relationship to the existing
technology, products or market of the firm is called as ......
m
a. Concentric diversification
o
b. Horizontal diversification
c. Conglomerate diversification
.c
st
Ans - c
.............................................
te
A social and managerial process by which individuals and organizations obtain what they need
and want through value creation refers to which one of the following concepts?
k
a. Selling
b. Advertising
oc
c. Barter
m
d. Marketing
Ans - d
iib
.............................................
ca
In the case of SRMS, what is the rate of subsidy for project cost of more than Rs.25,000/-? (i)
25% of the project cost, (ii) Minimum of Rs 10000 (iii) Maximum of Rs 20,000.
iib

.ja
Ans - b
w
Minimum of Rs 12500
.............................................
w
Karan draws a cheque for Rs. 5,000 favouring Vignesh (a minor aged 12 years) or bearer.
w
Vignesh presents the cheque on counter duly signed on the back. Bank should ......
a. refuse, since no contractual capacity

b. pay the cheque after inquiring with X
…………………………………………………………………………………………………………………………………………………………………
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c. pay to Vignesh without any responsibility of bank

d. ask Vignesh to bring his parents
m
Ans - c
o
.............................................
.c
If loan given to ...... agriculture is classified in Priority Sector. (i) Direct, (ii) Indirect
st
a. Only (i)
b. Only (ii)
te
k
Ans - d oc
.............................................
Attachment order is issued by ...... (i) income tax officer, (ii) sales tax officer, (iii) public debt
m
office

iib

ca
Ans - a
iib
.............................................
A cheque drawn for Raj or order is stolen. The thief made endorsement as Raj on the cheque in
.ja
his favour. The cheque is presented in clearing and paid by bank. True owner later on sent legal
notice to bank. What is the liability of the bank?
w
a. the paying bank will get protection under N.I. Act

b. forgery does not give any rights to bank, hence liable
c. under section 85, the paying bank is liable
w
d. under section 131, the paying bank is liable.

w
Ans - a
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Mandate is a/an ...... agreement. (i) Stamped, (ii) Unstamped
m
a. Only (i)
b. Only (ii)
o
.c
Ans - b
st
.............................................
te
Certification Test for marketing & selling of mutual fund products is conducted by
a. SEBI
k
b. NSE or BSE oc
c. AMFI
d. RBI
m
Ans - c
.............................................
iib
Which one of the following doesn't come under the functions of SEBI in India?
ca
a. Supervision over listed companies

b. Management of Payment System
c. Control over Equity Market
iib
d. Regulation of Debt Market
Ans - b
.ja
.............................................
Which is not a criteria generally adopted for short listing the ideas generated?
w
a. Should build on the resources and the skills of the firm

b. Should be suggested by the staffs
w
c. Should have sufficient market potential

d. Should fit into the overall strategy of the firm
w
Ans - b
.............................................
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No-frills savings bank account, multi-city cheque book facility of savings bank account are
example for ......
m
a. Line extension
o
b. Brand extension
c. Multi brands
.c
d. New brands
st
Ans - a
.............................................
te
Which one doesn't belong to Money Market?
k
a. T. Bills oc
b. Commercial Papers
c. PSU Bonds
d. Certificate of Deposits
m
Ans - c
.............................................
iib
Normally, the amount of advance payment made to the seller by the buyer before issue of
ca
guarantee is...
a. 5-10%
iib
b. 10-15%
c. 15-20%
d. 20-25%
.ja
Ans - b
.............................................
w
Customer keeps certain valuables with the bank for safe-keeping. Here the bank is a ......
w
a. Debtor
b. Creditor
w
c. Trustee
d. Lessee
Ans – c
…………………………………………………………………………………………………………………………………………………………………
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RBI notifies CRR under ...... Act
m
a. Section 24 of the Banking Regulation Act
b. Section 42 of the Banking Regulation Act
o
c. Section 24 of the RBI Act
d. Section 42 of the RBI Act
.c
Ans - d
st
.............................................
te
The rate at which RBI lends to banks under the Liquidity Adjustment Facility (LAF) is called ......
a. Repo Rate
k
b. Reverse Repo Rate oc
c. Bank Rate
d. Cash Reserve Ratio
m
Ans - a
.............................................
iib
Retail loans are generally given for the duration of

ca
a. 2-7 years
b. 2-5 years
c. 5-7 years
iib
d. None of these
Ans - c
.ja
.............................................
Marketing management comprises ..... key functional aspects.

w
a. 3
b. 4
w
c. 5
d.6
w
Ans - b
.............................................
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All the customers are charged with a single price without any discrimination is called ...
m
a. Dynamic Price
b. Fixed Price
o
c. Single Price
d. Variable Price
.c
Ans - b
st
.............................................
te
The Advance Value on LIC Policy is linked with
a. Face Value
k
b. Surrender Value oc
c. Paid Up Value
d. Depending on the Age of the Policy Holder
m
Ans - b
.............................................
iib
PDs are permitted to borrow on an average in a reporting fortnight to the extent of ...... % of
their total Net Owned Funds as at the end of March of the previous financial year in the
ca
call/notice money market.
a. 75
iib
b. 175
c. 225
d. 275
.ja
Ans - c
.................................................
w
The market trading timings for Government Securities are from ...... AM to ...... PM
w
a. 9, 4
b. 9, 5
w
c. 10, 4
d. 10, 5
Ans – b
…………………………………………………………………………………………………………………………………………………………………
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Section 45ZA to 45ZF relate to Nomination in ...... (i) Deposit, (ii) Safe custody, (iii) Locker
accounts
m
o
.c
st
Ans - d
.............................................
te
The minimum tenur of issue of CPs can be ...... days.
k
a. 7 oc
b. 14
c. 30
d. 91
m
Ans - a
.................................................
iib
The banking ombudsman receives maximum number of complaints in respect of;

ca
a. foreign bank
b. public sector bank
iib
c. regional rural bank

d. cooperative bank
.ja
Ans - b
.............................................
w
Vaidyanathan Committee's report relates to revival of ......
a. RRBs
w
b. NBFCs
c. Cooperative Credit Structure
w
d. Nationalised Banks
Ans - c
.................................................
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The Third Pillar under BASEL II is?
m
a. market discipline
b. disclosure norms
o
c. minimum capital requirdment
d. supervisory review
.c
Ans - a
st
.............................................
te
After close of business hours by 3.30 hrs. the account holder himself availed payment. At 4.30
p.m. income tax attachment order is received by bank. What would be the liability of paying
bank?
k
oc
a. payment is made in due course and as payment is debitable next day, bank is protected.
b. payment is not in due course since paid after reasonable time.
c. attachment order will be effective after bank's right of lien over the late payment bank
m
d. should approach the customer to get the order changed to next day.
Ans - b
iib
.............................................
ca
For creating Equitable Mortgage by Deposit of Title Deeds, the property must be situated in ......
(i) Where EM is created, (ii) Any where in India.
iib
a. Only (i)
b. Only (ii)
.ja
Ans - b
w
.............................................
Mr. Ram has a bank account and credited Rs. 5 lakh in it. Subsequently he was arrested on
w
charge of fraud. The police informed the bank not to allow withdrawals from his account. Two
days later, bank receives a cheque of Rs. 15,000 favouring Ram's creditor. Bank should ......
w
a. not to pay cheque

b. return cheque with memo stating A/c holder in jail
c. honour the cheque
…………………………………………………………………………………………………………………………………………………………………
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d. get police orders for payment
m
Ans - c
.............................................
o
As per MSMED Act, the buyer has to pay penalty, if he fails to pay the amount to the supplier
.c
within ......
st
a. 30 days
b. 45 days
te
c. 60 days
d.90 Days
k
Ans - b oc
.............................................
...... % of small enterprises advances should go to micro enterprises in case of foreign banks.
m
a. 20
b. 40
iib
c. 60
d.80
ca
Ans – c
.............................................
iib
PDs are permitted to lend on an average in a reporting fortnight to the extent of ...... % of their
total Net Owned Funds as at the end of March of the previous financial year in the call/notice
.ja
money market.
a. 25
w
b. 50
c. 75
d. 100
w
Ans - a
w
.................................................
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In Manufacturing sector, medium enterprises investment in plant and machinery is
m
a. Less than 25 lakhs
b. 25 Lakhs to 5 Crores
o
c. 2 Crores to 5 Crores
d.5 Crores to 10 Crores
.c
Ans - d
st
.............................................
te
Which one doesn't fall under Multi-user Systems?
a. Mini computers
k
b. Micro-computers oc
c. Stand Alone Computers
d. Main Frame Computers
m
Ans - c
.............................................
iib
Branches send the information to head office covering branch profile containing ......
ca
a. Standing data file (SDF form)

b. Performance report file (PRF)
c. Both a and b
iib
d. Neither a nor b
Ans - c
.ja
.............................................
The process of product development comprises of ...... main stages?

w
a. 3
b. 4
w
c. 5
d. 6
w
Ans - c
.............................................
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What can be a characteristic of Service Products?
m
a. Transfer of ownership possible
b. Tangible
o
c. Homogeneous
d. Perishability
.c
Ans - d
st
.............................................
te
Diversification in which the new products appeal to the existing customers though the products
are technologically unrelated to existing product lines is called as ......
k
a. Concentric diversification oc
m
Ans - b
.............................................
iib
Trading of securities of a particular company at a stock exchange can be suspended by

ca
a. RBI
b. Central Govt
iib
c. SEBI
d. AMFI
.ja
Ans - c
.............................................
w
Which one is not a Commonly forfaited instrument?
a. Promissory notes
w
b. Bills of exchange
c. Drafts
w
d. None of these
Ans - d
.............................................
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Clearing house facilities of securities is provided by
m
a. SEBI
b. Stock Exchanges
o
c. RBI
d. Clearing Corporation of India
.c
Ans - b
st
.............................................
te
RBI introduced the ECS-RAPID in?
a. 1983
k
b. 1987 oc
c. 1993
d. 1997
m
Ans - d
.............................................
iib
The purchase amount is debited to the customers a/c immediately after the transaction in ......
ca
a. Debit Card
b. Credit Card
c. Charge Card
iib
d. Smart Card
Ans - a
.ja
.............................................
Pick the odd one......

w
a. Commercial Banking
b. Retail Banking
w
c. Wholesale Banking
d. Corporate Banking
w
Ans - b
.............................................
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As per MSMED Act, if the buyer fails to pay the amount to the supplier within 45 days, he has to
pay compound interest to the supplier on the amount with monthly interest at ...... of the bank
m
rate.
o
a. two times
b. three times
.c
c. four times
d. five times
st
Ans - b
te
.............................................
As per SGSY, who will not be member of the team while selecting the Swarozgaris?
k
a. BDO
b. Banker
oc
c. BPL Families
m
d. Surpanch
Ans - c
iib
.............................................
ca
Under group loan (SGSY), the group is entitled to a subsidy of ...... % of project cost.
a. 20
iib
b. 30
c. 40
d. 50
.ja
Ans - d
.............................................
w
In Service sector, medium enterprises investment in equipment is

w

w
c. 2 Crores to 5 Crores
d. 5 Crores to 10 Crores
Ans – c
…………………………………………………………………………………………………………………………………………………………………
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Banker's lien is not applicable in case of ...... (i) Safe custody, (ii) debts not due, (iii) Securities
left negligently
m
o
.c
st
Ans - d
.............................................
te
Sameer issued a cheque at 4:30 p.m. (one hour after close of business hours of the bank) to
Ranjit. Ranjit approached the bank and on request got paid the money at 4:45 p.m. as late
k
payment. Sameer reached the bank and stopped payment of cheque issued to Ranjit at 4:50
oc
p.m. on the same day. Who is liable for loss?
a. Payment after business hours is not a payment in due course hence bank is liable, Section 10
m
N.I. Act.
b. Payment even though after business hours but within banking hours is protected under
Section 31.
iib
c. Payment late for today is protected under Section 85.

d. Refused to accept stop payment instructions since late for today.
ca
Ans - a
.............................................
iib
If both duplicate and original drafts are presented in Clearing, Bank should pay ...... (i) original
and return Duplicate (ii) Pay duplicate and return Original
.ja
a. Only (i)
b. Only (ii)
w

w
Ans - b
.............................................
w
The software that consists of all the programs, languages and documents supplied by the
manufacturer of the computers is called: (i) application software, (ii) system software
…………………………………………………………………………………………………………………………………………………………………
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…………………………………………………………………………………………………………………………………………………………………
a. Only (i)
b. Only (ii)
m
o
Ans - b
.c
.............................................
st
The highest percentage of victims of computer crime are in ......
te
a. Banks
b. Commercial Users
c. Government
k
d. University oc
Ans - b
.............................................
m
The minimum percentage of Priority Sector advances to be maintained by foreign banks in
India
iib
a. 40%
ca
b. 18%
c. 32%
d. 60%
iib
Ans - c
.............................................
.ja
Loan for fishering is covered under Priority Sector as ...... advances

w
a. Direct Agriculture
b. Indirect Agriculture
c. Self Employment Scheme
w
d. Allied to indirect Agriculture

w
Ans - a
.............................................
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As per FIMMDA’s guidelines, the Mid-Office is responsible for:
m
a. Dealing activities
b. Risk Management
o
c. Reconciliation
d. Confirmation of deals
.c
Ans - b
st
.............................................
te
The ...... converts digital signals to analog signals for the purpose of transmitting data over
telephone lines
k
a. Modem oc
b. Router
c. Gateway
d. Bridge
m
Ans - a
.............................................
iib
Which one is not a centralised control Network?

ca
a. Star Topology
b. Ring Topology
iib
c. Tree Topology
d. Loop Topology
.ja
Ans - b
.............................................
w
Relationship of Banker with Payee of Draft is ......
a. Trustee and Beneficiary

w
b. Drawer and Drawee

c. Licensor and Licensee
w
d. Principal and Agent
Ans - a
.............................................
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The Officer who Issues a Notice under SARFAESI Act should be at least
m
a. Branch Manager
b. Chief Manager
o
c. Assistant General Manager
d. Deputy General Manager
.c
Ans - b
st
.............................................
te
Which is not correct with regard to Marketing?
a. Focus is on the consumer
k
b. Marketing is a broader concept than selling oc
c. Focus is on the products
d. Profit maximises with customer satisfaction
m
Ans - c
.............................................
iib
Based on Product, markets can be grouped into ......

ca
a. Real Estate Market

b. Regional Market
c. Cash/Spot Market
iib
d. Commodity Market
Ans - a
.ja
.............................................
What is the time period under SARFAESI Act for replying the borrower, in case he raises an
w
objection for possession of the asset:
a. 60 days
w
b. 30 days
c. 7 days
w
d. 3 days
Ans - c
.............................................
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…………………………………………………………………………………………………………………………………………………………………
Repayment capacity of a company in case of term loan proposals, is judged by the banks, with
which of the following ratios :
m
a. debt equity ratio
o
b. internal rate of return
c. net present value
.c
d. debt service coverage ratio
st
Ans - d
.............................................
te
Which type of the following software is not used by a person for preparation of text
documents. (i) Data processor (ii) Word processor, (iii) Compiler
k
oc
m
Ans - b
iib
.............................................
ca
IDRBT stands for ......
a. Institute for Development and Research in Banking Technology

iib
b. Institute for Development and Research in Business Technology

c. Institution of Development and Research in Banking Technology
d. Institute for Development of Rural Banking Technology
.ja
Ans - a
.............................................
w
Vikash wants a demand draft striking the word 'Order' and writing the word 'Bearer'. How can
the bank help him?
w
a. Bearer Draft is unlawful under Section 31 of RBI.

w
b. Bearer Draft can be issued like a cheque.

c. Signature of the payee should be attested on the back of draft by the issuing branch.
d. Attestation of the signature of the payee on a separate slip of paper by bank (without striking
out the word 'Order' on draft).
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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Ans - d
m
.............................................
o
Merchant bankers' activity are not related to ...... (i) Debt and debt related finance, (ii) Fund
Business, (iii) Non-Fund Business
.c
st
te
Ans - d
k
............................................. oc
Long Form Audit Report (LFAR) is prepared and submitted by
m
a. RBI inspectors
b. Internal inspectors
c. Statutory auditors
iib
d. Concurrent auditors
ca
Ans - c
.............................................
iib
The word 'FTP’ stands for ......
a. File Translate Protocol

.ja
b. File Transit Protocol

c. File Typing Protocol
d. File Transfer Protocol
w
Ans - d
.............................................
w
Mr. X is maintaining a Savings Bank Account with your branch. His son reports that he has
w
become insane. Which of the following action you will not take?
a. Operation in the A/c will be stopped after exercising due diligence in verifying the fact
b. Balance in the A/c will be paid to the legal heirs of Mr X after obtaining affidavit & indemnity
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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c. His son will be advised to approach any court for appointment of Official Receiver
d. Balance in the A/c will be paid to the Receiver appointed by a court under Mental Health Act
m
Ans - b
o
.................................................
.c
Which of the following is not true in respect of Insolvency?
st
a. A person who cannot pay his debts of Rs 500/- or more may be declared as insolvent
b. Application for declaring a person insolvent can be made by his creditors only
te
c. An insolvent person cannot act as director of company
d. An insolvent can operate his PPF A/c and a Trust A/c as trustee
k
Ans - b oc
.................................................
Which of the following is true in case a notice is received by your branch that an insolvency
m
petition has been filed against or by a customer?
a. Operation in the account should be stopped only when the customer is adjudicated as
iib
insolvent
b. Operation in the account should be stopped from date of notice of insolvency petition itself
ca
c. Operation in the account should be stopped only when the Official Receiver requests in
writing
d. None of these
iib
Ans - b
.................................................
.ja
Under what circumstances a complaint can be lodged with the banking ombudsman
w
a. if the bank has not settled the issue within a period of two months.
b. the bank has rejected the complaint of the customer
c. the reply given by the bank to the customer was not satisfactory.
w
d. all the above

w
Ans - d
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Official liquidator is appointed by which of the following?
m
a. Board of Directors of a Company going into liquidation
b. Company Law Board
o
c. Registrar of Companies
d. Court
.c
Ans - d
st
.................................................
te
What is the tenure of banking ombudsman?
a. 1 years
k
b. 3 years oc
c. 5 years
d. no such time limit
m
Ans - c
.............................................
iib
Most common tenur of issue of ICDs is ...... days.

ca
a. 7
b. 14
c. 30
iib
d. 90
Ans - d
.ja
.................................................
Creator of Trust is referred as ......

w
a. Trustee
b. Beneficiary
w
c. Settlor
d. Garnishee
w
Ans - c
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All Trust accounts should be verified by Branch Manager at what interval?
m
a. At the time of taking over charge
b. Half Yearly
o
c. Annually
d. Both a and c
.c
Ans - d
st
.................................................
te
Mr. X has been declared insolvent. You receive a cheque for payment drawn by Mr. X as a
trustee of a Trust Account maintained at your branch. He is the sole authorised signatory on
behalf of the Trust. What action you will take?
k
b. Pay the cheque
oc
c. Pay the cheque if confirmed by other trustees
m
d. None of these
Ans - b
iib
.................................................
ca
While opening an account in the name of a Joint Hindu Family a JHF letter is obtained. It will not
be signed by ......
iib
a. Karta
b. Adult Coparceners
c. Minor Coparceners
.ja
d. All will sign
Ans - c
w
.................................................
Which of the following is not true in respect of Joint Hindu Family?

w
a. It is governed by two schools of Hindu law – Dayabhaga & Mitakshara

w
b. Under Mitakshara, every son/daughter of a coparcener acquire a right in JHF by birth

c. Under Dayabhaga School he/she acquires the right in JHF only after father’s death
d. All members of the family are called coparceners including mother and daughter-in-law
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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Ans - d
.................................................
m
Which of the following is not true in respect of Common Seal?
o
a. Common Seal of the Company can only be of metal and not a rubber stamp
.c
b. Fact that it is a common seal & name of the Company should be engraved in it in legible
characters in English only
st
c. Common Seal can be affixed only with the authority of the Board of Directors as provided in
AoA
te
d. Subsequent Board resolution will not validate documents where Common Seal is affixed
without Board of Directors Authority
k
Ans - b oc
.................................................
In case the letters engraved on the Common Seal has defaced, a new seal can be adopted by
m
the Company by ......
a. Referring to the provisions made in Article of Association

iib
b. Referring to the provisions made in Memorandum of Association

c. Passing a suitable resolution before using the new seal
ca
d. Order of the Managing Director or Secretary
Ans - c
iib
.................................................
The ombudsman signifies;

.ja
a. an institution established to content and prevent abuses of power by Public official.

b. redress individual grievances
w
c. acts as an external agency to probe in to administration faults.

d. all the above
w
Ans - d
.............................................
w
Maximum No of Partners in a banking partnership firm is ______ in terms of ______ Act
a. 10, Indian Partnership Act 1932
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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b. 20, Indian Partnership Act 1932

c. 10, Companies Act 1956
m
d. 20, Companies Act 1956
o
Ans - c
.................................................
.c
Pledge of movable assets by a company can be searched at ......
st
a. Register of Charges maintained by a Company at the Registered Office
te
b. Registrar of Companies of the State where Registered Office of the Company is situated
c. Both a and b
d. Neither a nor b
k
Ans - a
.................................................
oc
m
Search for Corporate guarantee given in relation to any other corporate body can be made at
......
iib
a. Register of Guarantees maintained by a Company at the Registered Office

b. Registrar of Companies of the State where Registered Office of the Company is situated
ca
c. Both a and b
d. Neither a nor b
iib
Ans - a
.................................................
.ja
Which of the following charge over assets of the company is not required to be registered with
Registrar of Companies?
w
a. Equitable Mortgage
b. Hypothecation
c. Pledge
w
d. Charge on Book Debts

w
Ans - c
.................................................
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Facebook Groups -
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A charge created on the assets of the Company is required to be registered with RoC within
how many days?
m
a. 30 days from the date of sanction
o
b. 60 days from the date of sanction
c. 30 days from the date of creation of charge
.c
d. 60 days from the date of creation of charge
st
Ans - c
.................................................
te
The role of banking ombudsman is;
k
a. resolution of complaints against banks regarding deficiency in services
oc
b. it is an external agency includes mediation persuasion and adjudication
c. it is an external agency having independent identity
d. all the above
m
Ans - d
.............................................
iib
Who can't participate in Call/Notice Money Market?

ca
a. SCBs
b. Co-Operative Banks
iib
c. RRBs
d. PDs
.ja
Ans - c
.................................................
w
FERA was replaced by FEMA with effect from ......
a. 01.01.1999
w
b. 01.06.1999
c. 01.01.2000
w
d. 01.06.2000
Ans - d
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The tenor of issue of CDs can be upto ...... months.
m
a. 3
b. 6
o
c. 9
d. 12
.c
Ans - d
st
.................................................
te
There are ...... types of possible errors during screening of ideas.
a. 1
k
b. 2 oc
c. 3
d. 4
m
Ans - b
.............................................
iib
One of the objective of Feature improvement are ......

ca
a. Reliability
b. Safety
c. Aesthetic appeal
iib
d. Speed
Ans - b
.ja
.............................................
An audiocassette manufacturer enters into fax machines or diet products businesses is an

w
example of ......
w
w
Ans - c
.............................................
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Facebook Groups -
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Minimum and maximum number of share holders in a public limited company?
m
a. 2, 50
b. 10, 50
o
c. 7, no limit
d. 7, 50
.c
Ans - c
st
.............................................
te
through reliable source that PA holder has been declared insolvent. Which of the following
action you will take?
k
oc
b. Pay the cheque as insolvency of agent does not terminate the agency
m
d. None of these
Ans - b
iib
.............................................
ca
Minimum number of directors in case of Private & Public Ltd Co. respectively?
a. 2, 7
iib
b. 1, 5
c. 2, 3
d. No such stipulation
.ja
Ans - c
.............................................
w
The minimum maturity period of CBLO can be ...... days.

w
a. 1
b. 3
w
c. 7
d. 14
Ans – a
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A marketing manager of a large consumer foods company is studying distribution, promotion,

and price of the company's product. Marketing manager is studying which one of the following
m
concepts?
o
a. Marketing plan
b. Marketing strategy
.c
c. Marketing mix
d. Market offering
st
Ans - c
te
.............................................
The market trading days for Government Securities are from ...... to ......
k
a. Monday, Friday
b. Monday, Saturday
oc
c. Monday, Sunday
m
Ans - a
iib
.................................................
ca
Which is not a type of T bills issued?
a. 31-day
iib
b. 91-day
c. 182-day
d. 364-day
.ja
Ans - a
.................................................
w
SWIFT is established under ......

w
a.US Law
b.UK Law
w
c.Belgian Law
d.Russian Law
Ans – c
…………………………………………………………………………………………………………………………………………………………………
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RBI acts as bankers to Central Govt. on ...... basis. (i) Mandatory, (ii) Agreement
m
a. Only (i)
b. Only (ii)
o
.c
Ans - a
st
.............................................
te
When a stand-alone system is connected to the existing multi-user systems, they are called as
......
k
a. Workstation oc
b. Server
c. Node
d. Either a or c
m
Ans - d
.............................................
iib
Which is not a common task performed by the regional office/zonal office?

ca
a. Inter-branch reconciliation
b. Customer Service
iib
c. Credit monitoring
d. Personnel data management
.ja
Ans - b
.............................................
w
The data processing NEFT clearing centre National Clearing Cell (NCC), of the RBI is located at?
a. New Delhi
w
b. Mumbai
c. Calcutta
w
d. Chennai
Ans – b
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Facebook Groups -
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What are we going to do? And, how are we going to do? In which of the following categories
these two questions fall?
m
a. Researching
o
b. Planning
c. Controlling
.c
d. Managing
st
Ans - b
.............................................
te
CHIPS started its operation in ......
k
a. 1960 oc
b. 1970
c. 1980
d. 1990
m
Ans - b
.............................................
iib
In credit cards, the period of interest free credit ranges from ...... days.
ca
a. 15 to 50
b. 16 to 51
iib
c. 15 to 51
d. 16 to 50
.ja
Ans - c
.............................................
w
In service sector, small enterprises investment in equipment is

w
c. 25 Lakhs to 5 Crores
w
Ans - b
.............................................
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Farmers owning a min of ...... acres of irrigated lands are eligible for farm mechanisation.
m
a. 6
b. 8
o
c. 10
d. 12
.c
Ans - b
st
.............................................
te
Kissan Credit Card is normally valid for a period of ...... years.
a. 2
k
b. 3 oc
c. 4
d.5
m
Ans - b
.............................................
iib
Maximum No of Partners in a non-banking partnership firm is ______ in terms of ______ Act

ca
a. 10, Indian Partnership Act 1932

b. 20, Indian Partnership Act 1932
c. 10, Companies Act 1956
iib
d. 20, Companies Act 1956
Ans - d
.ja
.................................................
Which of the following is true when Death/ insolvency/ Retirement or Expulsion of any partner
w
takes place in a Partnership firm?
a. Firm is compulsorily dissolved

w
b. Firm is reconstituted
c. Continuation of the Firm depends upon the provisions made in the Partnership Deed
w
d. Both b or c
Ans - d
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What is the true limit for a bank to dispose customers complaints?
m
a. 1 month
b. 2 month
o
c. 3 month
d. 6 month
.c
Ans - b
st
.............................................
te
What kind of complaint can be lodged with the banking ombudsman?
a. delay in collection of cheques
k
b. deficiency in cash transaction. oc
c. non- issue of demand drafts
d. all the above
m
Ans - d
.............................................
iib
A partnership firm is dissolved compulsorily in which of the following circumstances?

ca
a. When all the partners are declared insolvent

b. When the business of the firm becomes unlawful
c. When a competent court passes an order for the dissolution of the firm
iib
d. All these cases
Ans - d
.ja
.................................................
Min Share capital required in case of Private & Public Ltd Co. respectively?
w
a. Rs 1 lakh, Rs 7 lakhs
b. Rs 5 lakhs, Rs 50 lakhs
w
c. Rs 5 lakhs, Rs 7 lakhs
d. Rs 1 lakh, Rs 5 lakhs
w
Ans - d
.................................................
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Facebook Groups -
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Minimum and maximum number of share holders in a Private Limited Co?
m
a. 2, 50
b. 5, 50
o
c. 2, 20
d. 5, 20
.c
Ans - a
st
.................................................
te
Which among the following is not mentioned in the Memorandum of Association of a
company?
k
a. Objects of the company oc
b. Authorized capital
c. Powers of directors in conducting general affairs of the company
d. Registered office
m
Ans - c
.................................................
iib
Rules relating to Common Seal are contained in which of the following?

ca
a. Certification of Incorporation
iib
c. Certificate of Commencement of Business

d. Articles of Association
.ja
Ans - d
.................................................
w
Bank’s Assets are classified into standard, substandard, doubtful and loss assets, based on the
recommendations of ......... Committee
w
a. Rangarajan
b. Narasimham
w
c. Ghosh
d. Tandon
Ans – b
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Satellite is fitted with transmitters and receiving antennas called ......
m
a. Transmiters
b. Transponders
o
c. Receivers
d. Both a & c
.c
Ans - b
st
.............................................
te
B is payee of a cheque, who endorses it to c.C lost the cheque which is found by D, who
endorses it in favour of A for valuable consideration by way of forging C’ signatures. The cheque
is dishonoured. A can recover from:
k
a. B
b. C
oc
c. D
m
d. any of the previous parties
Ans - c
iib
.............................................
ca
Which is not correct with regard to Selling?
a. Focus is on the products

iib
b. Marketing is a broader concept than selling

c. Profit maximises with customer satisfaction
d. Profit maximises with increase in volume
.ja
Ans - c
.............................................
w
Holidays are declared to the banks under

w
a. RBI Act
w
c. Negotiable Instrument Act

d. Indian Contracts Act
Ans – c
…………………………………………………………………………………………………………………………………………………………………
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...... requires collection of information related to understand customers, competitors, trends

and changes in the environment and internal strengths and weaknesses using systematic
m
marketing research and marketing information systems, and scientific analysis of the data.
o
a. Analysis
b. Planning
.c
c. Implementation
d. Control
st
Ans - a
te
.............................................
k
accident. C, son of A, serves a legal notice thorough his advocate and objects payment to the
oc
nominee d. What action you will take?

m
b. Payment will be made to C
d. Payment to D will be stopped
iib
Ans - c
ca
.............................................
Which of the following functions are carried by IRDA in India? (i) Regulator of insurance
iib
companies, (ii) Regulator of insurance products, (iii) Supervision of the general insurance
market
.ja

w
Ans - d
w
.............................................
w
Stand-alone systems are best suited for the ......
a. CBS
b. Decision-making process
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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c. Customer Service
d. None of these
m
Ans - b
o
.............................................
.c
Book debts can be financed by ......
st
a. Factoring
b. Forfeiting
te
c. Both a and b
d. None of these
k
Ans - c oc
.............................................
...... is capable of fastest broad band transmission.

m
a. Dial-up Network
b. Microwave Network
iib
c. Leased Lines Network

d. All of the above
ca
Ans - b
.............................................
iib
Two firms are said to be identical when

.ja
a. Partners of the two firms are same

b. When the two firms have some common factors
c. When the activity is same
w
d. When the address is same
Ans - a
w
.............................................
w
To carryout functions of Central Federal System, USA has been divided into ...... districts.
a. 10
b. 12
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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c. 15
d. 25
m
Ans - b
o
.............................................
.c
Expand IFTP ...
st
a. Inter-bank funds transfer processor
b. Inter-bank funds transfer protocol
te
c. Inter-bank file transfer protocol
d.International file transfer protocol
k
Ans - a oc
.............................................
As per section 108 of Indian Evidence Act, 1872, Presumption of death can be raised only after
m
a lapse of ...... Years from the date of any person being reported missing
a. 3 years
iib
b. 5 years
c. 7 years
ca
d. 10 years
Ans - c
iib
.................................................
‘A’ maintaining a SB A/c is reported missing for more than a year. Balance in his account is Rs 1
.ja
lakh. Which of the following is true regarding settlement of claim in this case?
a. Claim can be settled only after a lapse of 7 years

w
b. Claim can be settled after obtaining FIR, Non-traceable report issued by the police authorities
& Indemnity from the claimant as per discretionary power of Branch Manager
c. Claim can be settled after obtaining FIR, Non-traceable report issued by the police authorities
w
& Indemnity from the claimant by AGM (Admin) of the respective region
d. All are true
w
Ans - c
.................................................
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Facebook Groups -
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Which of the following statement is not true?
m
a. Minor cannot become a partner in a Firm but he can be admitted to the benefits of the
partnership with the consent of all partners
o
b. Minor is not liable personally for any debts of the Firm nor his private property can be made
liable
.c
c. Minor’s share in the Firm is liable for all acts of the Firm
d. Within one month of attaining majority, Minor should by way of public notice, elect to
st
become or not to become a partner in the Firm
te
Ans - d
.................................................
k
If loan is sanctioned against pledge of stocks, within how many days creation of charge should
oc
be filed with Registrar of companies?
a. 30 Days
m
b. 45 Days
c. 60 Days
d. Registration not required
iib
Ans - d
ca
.............................................
Which is a possible approach which can be adopted by a firm, when it faces a situation that the
iib
expected sales and profit do not reach the desired levels?
a. Intensive Growth
.ja
b. Integrative Growth
c. Diversification Growth
d. All the above
w
Ans - d
.............................................
w
Intensive Growth is defined as......

w
a. Identify opportunities for further growth within the existing businesses

b. Identify opportunities to build or acquire businesses related to the existing businesses
c. Identify opportunities to add attractive businesses, unrelated to the existing businesses
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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m
Ans - a
.............................................
o
During Mortgage, normally parent documents for ...... years is asked for.
.c
a. 10 years
st
b. 13 years
c. 20 years
te
d.30 years
Ans - d
k
............................................. oc
accident. C, son of A, serves a legal notice thorough his advocate and objects payment to the
m
nominee D. What action you will take?

iib

ca
Ans - c
iib
.................................................
Under PMRY, the project cost for the industry sector is restricted to ......
.ja
a. 2 Lakhs
b. 5 Lakhs
w
c. 6 Lakhs
d.10 Lakhs
w
Ans - b
.............................................
w
Product strategies are based on ......
a. Product Mix
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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b. Product Life Cycle

c. Both a & b
m
d. None of these
o
Ans - c
.............................................
.c
Borrowing powers of the Board of Directors of the company can be verified by examining...
st
a. Memorandum of Association
te
b. Articles of Association
c. Certificate of incorporation
k
Ans - b
.............................................
oc
m
Banknet was set up in ......
a. 1971
iib
b. 1981
c. 1991
ca
d. 2001
Ans - c
iib
.............................................
The Master Earth Station of NICNET is installed in ......

.ja
a. Mumbai
b. New Delhi
w
c. Hyderabad
d. Chennai
w
Ans - b
.............................................
w
Banknet link ...... cities
a. 5
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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b. 6
c. 7
m
d. 8
o
Ans - c
.............................................
.c
Diversification in which the new products have technological and/or marketing synergies with
st
existing product lines, though the target groups of customers are entirely different is called as
......
te
k
c. Conglomerate diversification oc
Ans - a
m
.............................................
A bank customer ABC, enjoys a CC limit of Rs.300000. The CC account shows a credit balance of
iib
Rs.25000. The relationship between the bank and the customer is.
ca
a. Debtor/Creditor
b. Creditor/Debtor
c. Bailor/Bailee
iib
d. Bailee/Bailor
Ans - a
.ja
.............................................
The right of set-off is......

w
a. Customer’s Right
b. Customer’s Obligation
w
c. Banker’s Right
d. Banker’s Discretion
w
Ans - d
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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RBI acts as bankers to State Govt. on ...... basis. (i) Mandatory, (ii) Agreement
m
a. Only (i)
b. Only (ii)
o
.c
Ans - b
st
.............................................
te
The clearing house facilities for payment and delivery of securities is provided by:
a. SEBI
k
b. Stock Exchange oc
c. Clearing Corporation of India
d. All the above
m
Ans -b
.............................................
iib
The Central Board of RBI comprises, a Governor, 4 deputy governors and ----- directors:
ca
a.5
b.7
c.10
iib
d.15
Ans - d
.ja
.............................................
RBI acts as bankers to Central govt. on ----- basis and state governments on -----basis:
w
a. by agreement, by agreement
b. mandatory, on agreement
w
c. by agreement, mandatory
d. mandatory, mandatory
w
Ans - b
.............................................
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Facebook Groups -
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Normally what type of movement is seen in interest rate with change in bank rate by RBI:
m
a. if bank rate is reduced, interest rate of Banks increase
b. if bank rate is increased, interest rate of Banks decrease
o
c. if bank rate is reduced, interest rate of Banks decrease
d. if bank rate is reduced or increased, there is no change in the interest rate of Banks
.c
Ans - c
st
.............................................
te
The small companies/organisations that have been created exclusively to deal in govt. securities
are called ..... (i) Mutual funds, (ii) NBFCs
k
a. Only (i) oc
b. Only (ii)
m
Ans - d
.............................................
iib
Minimum amount of a CP should be ...... lakh/s.

ca
a. 1
b. 2
iib
c. 3
d. 5
.ja
Ans - d
.................................................
w
Banking ombudsman is ……
a. legal machinery established by subordinate legislation to provide an additional but optional

w
legal remedy
b. a judicial machinery
w
c. NGO
d. an administrative machinery
Ans – a
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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The minimum tenor of issue of CDs can be ...... days.
m
a. 7
b. 14
o
c. 30
d. 91
.c
Ans - a
st
.................................................
te
An award by banking ombudsman will contain;
a. specific performance of operations.
k
b. loss / cost to be borne by the bank. oc
c. reasons for making the award.
d. all the above.
m
Ans - d
.............................................
iib
Internet is ......
ca
a. Network of LAN
b. Network of ATMs
c. Network of ALPMs
iib
d. Network of Networks
Ans - d
.ja
.............................................
A passive threat to computer security is ......

w
a. Malicious Intent
b. Sabotage
w
c. Accidental Errors
d. Espionage Agents
w
Ans - c
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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Which is not a function of a bank?
m
a. Remittances
b. Discounting of bills
o
c. Conducting foreign exchange/Govt transactions
d. None of these
.c
Ans - d
st
.............................................
te
In Garnishee Order, the personal account of a partner ...... for the debts of the firm.
a. can be attached
k
b. can't be attached oc
c. can be attached if ordered so by the court
d. None of these
m
Ans - a
.............................................
iib
Mandate is a ...... agreement

ca
a. stamped
b. unstamped
c. memorandum
iib
d. letter
Ans - b
.ja
.............................................
The benefits of test marketing are ......

w
a. An opportunity to decide about launching or dropping the product

b. Determining the suitable consumers
w
c. More reliable forecast of future sales

d. Determining the better promotional strategies
w
Ans - b
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Facebook Groups -
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Mode of communication capable of only transmitting data but not receiving is ......
m
a. Simplex
b. Semi duplex or half duplex
o
c. Duplex
.c
Ans – a
st
.............................................
te
Mr. Jugraj Lal comes to open a saving bank account with your branch. He also has a cheque of
Rs.500, which he would deposit in the account when account is opened. Which among the
following can be accepted as first deposit in the account?
k
a. cash only
b. cheque
oc
c. DD/BC
m
d. any of the above
Ans - d
iib
.............................................
ca
A partnership firm is dissolved compulsorily in which of the following circumstances?
a. When all the partners are declared insolvent

iib
b. When the business of the firm becomes unlawful

c. When a competent court passes an order for the dissolution of the firm
d. All these cases
.ja
Ans - d
.............................................
w
Min Share capital required in case of Private & Public Ltd Co. respectively?
w
a. Rs 1 lakh, Rs 7 lakhs
b. Rs 5 lakhs, Rs 50 lakhs
w
c. Rs 5 lakhs, Rs 7 lakhs
d. Rs 1 lakh, Rs 5 lakhs
Ans – d
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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Minimum and maximum number of share holders in a Private Limited Co?
m
a. 2, 50
b. 5, 50
o
c. 2, 20
d. 5, 20
.c
Ans - a
st
.............................................
te
Vehicle loans available to transport operators are made available with modifications to retail
and agri-customers are example for ......
k
a. Line extension oc
b. Brand extension
c. Multi brands
d. New brands
m
Ans - b
.............................................
iib
Which of the following is not the characteristics of the services?

ca
a. Intangibility
b. Perishability
iib
c. Seperability
d. Heterogeniety
.ja
Ans - c
.............................................
w
A Power of Attorney PA executed abroad, should be stamped within how many months of its
receipt in India?
w
a. One Month
b. Two Months
w
c. Three Months
d. Six Months
Ans – c
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
Which can be taken as Identity Proff under KYC?
m
a. Ration Card
b. PAN Card
o
c. Telephone Bill
d. Electricity Bill
.c
Ans - b
st
.............................................
te
Which of the following is true when Death/ insolvency/ Retirement or Expulsion of any partner
takes place in a Partnership firm?
k
a. Firm is compulsorily dissolved oc
b. Firm is reconstituted
c. Continuation of the Firm depends upon the provisions made in the Partnership Deed
d. Both b or c
m
Ans – d
.............................................
iib
Banker customer relationship comes to an end on...

ca
a. Death of customer
b. Insolvency of customer
iib
c. Insanity of customer
d. All the above
.ja
Ans - d
.............................................
w
Which of the following is not the level of the product?
a. Potential product
w
b. Augmented product
c. Product line
w
d. Expected product
Ans - c
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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Which is not a function of RBI?
m
a. Lender of Last resort to banks
b. Management of Govt Debts
o
c. Regulating Capital Market
d. Bankers to Govt
.c
Ans - c
st
.............................................
te
The securities are held in electronic form by...
a. SEBI
k
b. Depositories oc
c. Mutual Funds
d. Registrars
m
Ans - b
.............................................
iib
Interest rate risk is an example for

ca
a. Market Risk
b. Operational Risk
c. Credit Risk
iib
d. All of the above
Ans - a
.ja
.............................................
Which one doesn't come under Financial Markets?

w
a. Money Market
b. Debt Market
w
c. Forex Market
d. None of these
w
Ans - d
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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RBI issues notes of ...
m
a. All denomination
b. All denomination except Re.1
o
c. All denomination except Rs.1000
d. None of these
.c
Ans - b
st
.............................................
te
INFINET is set up at ......
a. Mumbai
k
b. New Delhi oc
c. Hyderabad
d. Chennai
m
Ans - c
.............................................
iib
Limitation period for filing a suit for sale of mortgaged property is ...... years from due date.
ca
a. 10 years
b. 12 years
c. 20 years
iib
d. 30 years
Ans - b
.ja
.............................................
Which is not a communication processor?

w
a. Message switches
b. Multiplexers
w
c. Transponders
d. Front End Processors
w
Ans - c
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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A minor account can be opened jointly with ...
m
a. Natural Guardian
b. Grand Parents
o
c. Adult member of the family
d. Any one of the above
.c
Ans - a
st
.............................................
te
While raising a loan for the company, who will sign the documents on behalf of the company?
a. Managing Director
k
b. Authorised official as mentioned in resolution from Board of Directors
oc
c. Executive Director
m
Ans - b
.............................................
iib
In which topology, breakdown of one station can disable the entire LAN?
ca
a. Star
b. Bus
c. Ring
iib
d. None of these
Ans - c
.ja
.............................................
Various techniques like brainstorming sessions, surveys for need/idea identification, suggestion
w
scheme for staff are used during ......
a. Idea screening
w
c. Product Development
w
d. Concept testing
Ans - a
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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...... is a complex function requiring use of both qualitative and quantitative techniques
including budgetary control, control of marketing mix, and even marketing audit.
m
a. Analysis
o
b. Planning
c. Implementation
.c
d. Control
st
Ans - d
.............................................
te
Which of the following is not the stage of product life cycle?
k
a. Introduction oc
b. Growth
c. Maturity
d. None of these
m
Ans - d
.............................................
iib
Suspicious Transactions to be submitted to FIU for amount ......

ca
a. 10 Lakhs and above

b. Above 10 Lakhs
iib
c. Above 2 Lakhs
d. Any amount
.ja
Ans - d
.............................................
w
For a loan to be raised in case of need, a person assigns his insurance policy in favour of the
bank. Such relationship of the customer with the bank, will be of a/an:
w
a. Pledger and pledgee

b. Beneficiary and trustee
w
c. Lender and borrower

d. Assignor and assignee
Ans – d
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
Which of the following is not the process of Marketing Management?
m
a. Analysis
b. Planning
o
c. Control
d. None of these
.c
Ans - d
st
.............................................
te
Which of the following is not the characteristic associated with transactions between two or
more parties?
k
a. Agreed upon conditions oc
b. Time of agreement
c. A place of agreement
d. None of these
m
Ans - d
.............................................
iib
A garnishee order is applicable to

ca
a. Demand deposits
b. Time deposits subject to maturity
iib
c. Recurring Deposit
d. All the above
.ja
Ans - d
.............................................
w
Who doesn't comes under low risk category under KYC guidelines?
a. Persons from lower strata of the society

w
b. Salaried employees
c. Trusts
w
d. Govt Departments
Ans - c
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
Marketing concept is rested on four main pillars. Which of the following is not amongst four
pillars?
m
a. Target Market
o
b. Customer needs
c. Segregated Marketing
.c
d. Profitability
st
Ans - c
.............................................
te
Which of the following represent the acronyms of age groups?
k
a. SKIPPIES oc
b. DINKS
c. PUPPIES
d. All of the above
m
Ans - d
.............................................
iib
Pricing is significant for firms because

ca
a. It determines revenues generated by the firms

b. It determines profits earned by the firms
iib
c. It affects the level of funds available for other element of marketing mix
d. All of the above
.ja
Ans - d
.............................................
w
A collecting bank gets statutory protection under......
a. RBI Act
w

c. Negotiable Instruments Act
w
d. Indian Contract Act
Ans - c
.............................................
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Facebook Groups -
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B is payee of a cheque, who endorses it to c. C lost the cheque which is found by D, who
endorses it in favour of A for valuable consideration by way of forging C’ signatures. The cheque
m
is dishonoured. A can recover from ......
o
a. B
b. C
.c
c. D
d. any of the previous parties
st
Ans - c
te
.............................................
A customer has a SB account and her husband had withdrawn the money from the bank on the
k
basis of forged cheques at various occasions but the customer did not object to it. After his
oc
death, she comes to bank and demands the money.
a. Bank would refer the matter to the court

m
b. Bank is liable on forged cheques
c. The bank is negligent but not liable, as the customer is party to the forgery and did not
inform the bank in time
iib
d. Loss shall be borne in the ratio of 50:50 by the bank and the customer
ca
Ans - b
.............................................
iib
Suspicious Transactions to be submitted to FIU within ...... of arriving at conclusion.
a. 3 Days
.ja
b. 7 Days
c. 15 Days
d. 30 Days
w
Ans - b
.............................................
w
Except one of the following others are Non Fund based facilities:
w
a) Letters of Credit
b) Bank Guarantees
c) Co-acceptance of Bills
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
d) Trust Receipt
m
Ans - d
.............................................
o
Which of the following statement is not correct?
.c
a. Price exist in different forms for products of different nature
st
b. Price affects the consumer behaviour in deciding about acquiring the product
c. Price is the only element that produces revenues
te
d. None of these
Ans - d
k
............................................. oc
Which of the following cannot part of a product line?
m
a. Liril
b. Lux
c. Rin
iib
d. Dove
ca
Ans - c
.............................................
iib
Example of Duplex mode of communication is ......
a. Radio broadcast
.ja
b. walkie talkie
c. Four-wire modems
d. All of the above
w
Ans - c
.............................................
w
Which one doesn't come under plastic money?

w
a. Credit Card
b. Charge Card
c. Debit Card
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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d. None of these
m
Ans - d
.............................................
o
The T-bill is quoted at a discount price to the par value of Rs.......
.c
a. 10
st
b. 100
c. 1000
te
d. 10000
Ans - b
k
................................................. oc
The features of the award awarded by banking ombudsman are;
m
a. it is binding on the banks
b. it is not binding on the complaints unless be accepts it
c. the complaint is free to seed alternative remedies available under general law
iib
d. all the above

ca
Ans - d
.............................................
iib
Registered office of M/s XYZ Ltd Co. is at New Delhi. This company wants to enter into an MOU
with a Chennai based Company. Managing Director of M/s XYZ Co Ltd will be visiting Chennai
next month in this respect. What will you suggest him regarding Common Seal?
.ja
a. To carry original common seal to Chennai

b. To carry facsimile of the Common Seal to Chennai
w
c. Either a or b
d. Neither a nor b
w
Ans - a
.................................................
w
Using an existing brand name to launch new or modified products in a new category is called as
......
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
a. Line extension
b. Brand extension
m
c. Multi brands
d. New brands
o
Ans - b
.c
.............................................
st
COMET permits free format messages of ...... lines of ...... characters each.
te
a. 6,36
b. 7,48
c. 8,48
k
d. 9,56 oc
Ans - c
.............................................
m
accident. C, son of A, produces a court order restraining the Bank from making payment from
iib
the account. What action you will take?

ca

iib
Ans - d
.ja
.................................................
Normally coaxial cables can carry signals at ......

w
a. 100 mega bits/sec

b. 500 mega bits/sec
w
c. 2 giga bits/sec
d. 5 giga bits/sec
w
Ans - b
.............................................
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Facebook Groups -
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In Housing Loan, if EMI is not paid on due date, penal interest at ...... % will be charged
normally.
m
a. 2
o
b. 3
c. 4
.c
d. 5
st
Ans - a
.............................................
te
Book debts can be financed by ......
k
a. Factoring oc
b. Forfeiting
c. Both a and b
d. None of these
m
Ans – c
.............................................
iib
INDONET was set up by ......

ca
a. RBI
b. CMC Ltd
iib
c. TCS
.ja
Ans - b
.............................................
w
Banknet was set up by ......
a. IBA
w
b. RBI
c. Central Govt
w
Ans - b
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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Within how many days particulars of charge should be filed with Registrar of companies from
the date of creation of charge?
m
a. 30 Days
o
b. 45 Days
c. 60 Days
.c
d. 90 Days
st
Ans - a
.............................................
te
Coins are issued by
k
a. RBI oc
b. Govt of India
c. both a and b
d. None of these
m
Ans - b
.............................................
iib
A collaborative network that uses Internet Technology to link business with their suppliers is
ca
......
a. Internet
iib
b. Intranet
c. Extranet
d. WAN
.ja
Ans - c
.............................................
w
Cash flow statements deals with ......

w
a. cash funds
b. non-cash funds
w
c. both a and b
d. None of these
Ans – c
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
Your bank receives a cheque in inward clearing which has not been signed by the account
holder. Which one of the following reasons you will select to return the cheque?
m
a. Cheque is not signed by the payee
o
b. Refer to the drawer
c. Cheque is not signed by the drawee
.c
d. Cheque is not signed by the endorsee
st
Ans - b
.............................................
te
Universal Banking means...
k
a. International Banking oc
b. Wholesale Banking
c. Offering multiple Financial Products
d.All of the above
m
Ans - c
.............................................
iib
Which of the following are involved in the Growth Strategies of a company? (i) Intensification,
ca
(ii) Diversification, (iii) Horizontal integration

iib

.ja
Ans - c
.............................................
w
Concept of Bank computerisation practically started after ......

w
a. 1970-71
b. 1973-74
w
c. 1981-82
d. 1983-84
Ans – c
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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A communication processor that connects dissimilar networks by providing the translation from
one set of protocol to another is ......
m
a. Bridge
o
b. Gateway
c. Router
.c
d. Modem
st
Ans - b
.............................................
te
...... % of small enterprises advances should go to micro enterprises in case of domestic banks.
k
a. 20 oc
b. 40
c. 60
d. 80
m
Ans - c
.............................................
iib
The first pillar under BASEL II is?

ca
b. disclosure norms
iib
c. minimum capital requirement

.ja
Ans - c
.............................................
w
A bill is payable to or to order of a non-trading firm. Endorsement can be made by ......
a. Any partner of the firm

w
b. All the partners

c. Authorised partner through power of attorney
w
d. Any two partners
Ans - b
.............................................
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Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
The term `allonge’ refers to ......
m
a. A plain sheet appended to a negotiable instrument for the purpose of making endorsement
thereon.
o
b. Conditional endorsement of a negotiable instrument
c. A plain sheet appended to a will
.c
d. Enclosures to the balance sheet of the bank
st
Ans - a
.............................................
te
If in a cheque, amount stated in words and figure are not same, then ......
k
a. amount stated in words shall be paid oc
b. amount stated in figure shall be paid
c. cheque should be returned with reason "amount in words and figure differs"
d. any one of the above
m
Ans - a
.............................................
iib
The Bankers Fair Practice Code in 2004 was brought by...

ca
a. Govt of India
b. BCSBI
iib
c. IBA
d.RBI
.ja
Ans - c
.............................................
w
Which was the first Mutual Fund started in India?
a. SBI Mutual Fund

w
b. Kotak Pioneer Mutual Fund

c. Unit Trust of India
w
d. Indian Bank Mutual Fund
Ans - c
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
The main reason for rejection should by conveyed in writing if the loan application is upto Rs....
m
a. 1 LaKh
b. 2 Lakhs
o
c. 3 lakhs
d. 5 Lakhs
.c
Ans - b
st
.............................................
te
Call Money means money lent/borrowed between banks and entities like PDs for ......
a. 1 day
k
b. 2-14 days oc
c. More than 14 days
d. None of these
m
Ans - a
.............................................
iib
A banker is expected to honour the cheques within the specified banking hours as per Section
...... of NI Act,1881
ca
a. 22
b. 25
iib
c. 31
d. 65
.ja
Ans - d
.............................................
w
Which of the following is not the pricing strategy?
a. Geographical pricing
w
b. Psychological pricing
c. Product mix pricing
w
d. None of these
Ans - d
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
Which of the following is/are tool(s) for promotion mix?
m
a. Advertising
b. Public relations
o
c. Direct Marketing
d. All of the above
.c
Ans - d
st
.............................................
te
Which one of the following inputs accounts for the largest percentage share in the total cost of
all inputs in Indian agriculture ?
k
a. Feed for livestock oc
b. Seed
c. Irrigation charges
d. Chemical Fertilizers
m
Ans - a
.............................................
iib
The securities are held in electronic form instead by physical form by ...
ca
a. Mutual Funds
b. Registrars
iib
c. Custodians
d. Depositories
.ja
Ans - d
.............................................
w
A firm discounts its export receivables of up to 5 years without recourse to the exporter under
which of the following arrangement.
w
a. forfeiting
b. factoring
w
c. bills discounting
d. foreign bills discounting
Ans – a
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
Which of the following is not true about push strategy of promotion mix?
m
a. Promotion efforts are directed at the channel member
b. It is done through personal selling and trade promotion
o
c. Promotion efforts are directed towards the final consumer
d. None of these
.c
Ans - c
st
.............................................
te
Based on Geographical Area, markets can be grouped into ......
k
b. Regional Market oc
c. Retail Loan Market
d. Wholesale Market
m
Ans - b
.............................................
iib
In respect of Regional Rural Banks, the share holding pattern is:

ca
a. Central Government 50%,State Government 35%,Sponsoring Bank 15%

b. Central Government 50%,State Government 15%,Sponsoring Bank 35%
c. Central Government 15%,State Government 35%,Sponsoring Bank 50%
iib
d. Central Government 35%,State Government 50%,Sponsoring Bank 15%
Ans - b
.ja
.............................................
Which can be crossed by the drawer?

w
a. A promissory note
b. A bill of exchange
w
c. A Cheque
d. All the above
w
Ans - c
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
In 1969, ...... major banks were nationalised.
m
a. 12
b. 14
o
c. 17
d.19
.c
Ans - b
st
.............................................
te
Low-price and high promotional spending is likely to succeed in ...... markets.
a. Large
k
b. Small oc
c. International
d. Local
m
Ans - a
.............................................
iib
Launching the financial Inclusion scheme in one district and later extending it to other districts
is an example of......
ca
a. Idea screening
iib
c. Product Development
d. Concept testing
.ja
Ans - c
.............................................
w
Based on Volume of Transaction, markets can be grouped into ......

w
b. Retail Market
c. Cash/Spot Market
w
d. Commodity Market
Ans - b
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
There is a joint account in the names of A and B to be operated upon by both of them jointly.
On death of A, the credit balance in the account is payable to......
m
a. B
o
b. B and Legal heirs of A Jointly
c. Either a or b
.c
d. None of these
st
Ans - b
.............................................
te
Which of the following is not true in respect of Minor?
k
a. Minor can’t be sued for recovery of any money lent except for meeting the necessaries of
oc
his/her life
b. A minor can draw, endorse and negotiate a cheque binding all other parties except himself
c. If a minor misrepresents his age, he is liable for his contracts
m
d. A minor cannot ratify the contracts on his attaining majority
Ans - c
iib
.............................................
ca
When a cheque is crossed as "not negotiable", who doesn't come in the picture at all?
a. Holder
iib
b. Holder-in-due course
c. Payee
d. Drawer
.ja
Ans - b
.............................................
w
Threats of physical damage to the hardware is from ......

w
a. Natural Calamities
b. Power Fluctuations
w
c. Electro Magnetic Effects

d. All of these
Ans – a
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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If Garnishee Order is in a single name, and the account is in joint names with Operating clause
"Either or Survivor", the money in the account ......
m
a. can be attached
o
b. can't be attached
.c
d. None of these
st
Ans - b
.............................................
te
The network interface card of LAN is related to following layer of OSI Model Transport
k
a. Network oc
b. Data Link
c. Physical
d. None of these
m
Ans - c
.............................................
iib
One of the objective of Quality improvement is ......

ca
a. Products' versatility
b. Aesthetic appeal
iib
c. Durability
d. Convenience
.ja
Ans - c
.............................................
w
Which is not a major reason for product elimination?
a. Excessive administration expenditure and time

w
b. Sales keep declining continuously and there is no possibility of increasing sales

c. Profits keep declining continuously and there is no possibility of improving profits
w
d. All the above
Ans - d
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A result of a computer virus cannot lead to
m
a.Disk Crash
b.Mother Board Crash
o
c.Corruption of program
d.Deletion of files
.c
Ans - b
st
.............................................
te
A company which pools money from investors and invests in stocks, bonds, shares is called
a. A bank
k
b. An insurance company oc
c. Bancassurance
d. Mutual Fund
m
Ans - d
.............................................
iib
Bancassurance is
ca
a. An insurance scheme to insure bank deposits

b. An insurance scheme to insure bank advances
c. A composite financial service offering both bank and insurance products
iib
d. A bank deposit scheme exclusively for employees of insurance companies
Ans - c
.ja
.............................................
Limitation period for filing a suit for foreclosure is ...... years from the date mortgage debt
w
becomes due.
a. 10 years
w
b. 12 years
c. 20 years
w
d. 30 years
Ans - d
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Max period of imprisonment for offences under PML Act can be ......
m
a. 2-3 Years
b. 3-5 Years
o
c. 3-7 Years
d. 5-7 Years
.c
Ans - d
st
.............................................
te
A document executed in India shall be stamped ...... the time of execution.
a. before
k
b. after oc
c. at
d. either a or c
m
Ans - d
.............................................
iib
Under PMRY, the project cost for the business services sector is restricted to ......
ca
a. 2 Lakhs
b. 5 Lakhs
c. 6 Lakhs
iib
d. 10 Lakhs
Ans - a
.ja
.............................................
...... covers both strategic planning for the long-term marketing direction of the firm, and
w
marketing programmes and tactics to be used to support the strategic plans.
a. Analysis
w
b. Planning
c. Implementation
w
d. Control
Ans - b
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The Imperial Bank of India was converted into State Bank of India in ......
m
a. 1947
b. 1955
o
c. 1967
d. 1969
.c
Ans - b
st
.............................................
te
Which is not defined in NI Act?
a. Special Crossing
k
b. A/c Payee oc
c. General Crossing
m
Ans - b
.............................................
iib
...... covers both strategic planning for the long-term marketing direction of the firm, and
marketing programmes and tactics to be used to support the strategic plans.
ca
a. Analysis
b. Planning
iib
c. Implementation
d. Control
.ja
Ans - b
.............................................
w
During Mortgage, normally EC is asked for ...... years.
a. 10 years
w
b. 13 years
c. 20 years
w
d.30 years
Ans - b
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…………………………………………………………………………………………………………………………………………………………………
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One rupee note bears the signatures of:
m
a. Governor RBI
b. Secy. Ministry of Finance
o
c. Prime Minister of India
d. Finance Minister
.c
Ans - b
st
................................................
te
As per section 45(ZA) of Banking Regulation Act 1949:
a. Nomination facility has been granted for bank deposits.
k
b. Guidelines have been laid down for election of Chairmen and Managing Directors of the
oc
banks.
c. Guidelines have been given for providing working capital to big units.
d. Nomination facility is available for locker accounts
m
Ans - a
................................................
iib
The Imperial Bank of India was converted into State Bank of India in ......
ca
a. 1947
b. 1955
iib
c. 1967
d.1969
.ja
Ans - b
.............................................
w
The report on Harmonization of role of FIs and banks relating to universal banking was given by:
a. M S Verma
w
b. R H Khan
c. B D Shah
w
d. K S Shere
Ans - b
................................................
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When colour TVs were introduced in India for the first time, the manufacturers priced them
very high. After the initial enthusiasm waned, they reduced the price. This type of pricing is
m
called ......
o
a. Price skimming
b. Market skimming
.c
c. Exploitation pricing
d. a & c
st
Ans - b
te
.............................................
Which Section As per the RBI’s Clean Note Policy, writing on a Currency Note is ……
k
a. An Offence
b. A Crime
oc
c. A Punishable Offence
m
d. The notes become non-legal tender
Ans - c
iib
.............................................
ca
BCSBI is setup on the Recommendations of which Committee
a. S.S. Tarapore Committee

iib
b. Dr. c.Rangarajan Committee

c. Vijay Kelkar Committee
d. Montek Singh Ahluwalia Committee
.ja
Ans - a
.............................................
w
The Second Pillar under BASEL II is?

w
b. disclosure norms
c. minimum capital requirement
w
Ans -d
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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Based on Nature of Transaction, markets can be grouped into ......
m
b. Regional Market
o
c. Cash/Spot Market
d. Wholesale Market
.c
Ans - c
st
.............................................
te
……of Banking Regulation Act, 1949 provides Nomination for Payment of Depositor’s Money
a. Section 42
k
b. Section 24 oc
c. Section 110A
d. Section 45ZA
m
Ans - d
.............................................
iib
Focus of a Marketing Exercise is ...

ca
a. Goods and services

b. Market Demand
c. Consumers and their requirements
iib
d. Sale of product
Ans - c
.ja
.............................................
A cheque is presented for payment through clearing house but due to certain reasons, it is
w
returned unpaid. The returning memo is enclosed to comply with ......
a. Negotiable Instruments Act

w
b. RBI Act
c. Banking Regulations Act
w
d.RBI clearing House rules
Ans - d
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Urban co-operative banks are controlled by ...
m
a. Central Govt and NABARD
b. RBI and NABARD
o
c. State Govt and NABARD
d. State Govt and RBI
.c
Ans - d
st
.............................................
te
Though "Pizza huts" are located in posh, air-conditioned premises, they continue call
themselves as "Pizza huts". This is to take advantage of ......
k
a. Local sentiment of wanting to eat in huts oc
b. Brand value
c. Brand recognition
d. Brand extension
m
Ans - c
.............................................
iib
Which is not one of a main stage in the process of product development?

ca
a. Idea screening
iib
c. Product testing
d. Concept testing
.ja
Ans - c
.............................................
w
A is having a locker and sends the key by post with an intention to surrender the locker:
a. bank will be discharged of its liability, if key is accompanied by a letter stating the contents of
w
the lockers as NIL

b. The bank will not be discharged of its liability
w
c. The bank should not accept

d. bank can accept subject to its rights under reserve
Ans – a
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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An export client M/s Shanbeg Exports of your branch receives an export order for export of
handicraft items to US under a letter of credit of $ 30000. It is stated that your bank can issue
m
another credit in favour of local supplier/manufacturer from whom the exporter is to procure
the material. Under which of the following categories, such letter of credit can be classified ......
o
a. red clause letter of credit
.c
b. green clause letter of credit
c. transferable letter of credit
st
d. back to back letter of credit
te
Ans - d
.............................................
k
A bank can purchase NPA from another bank, if in the books of selling bank, the account was
oc
NPA for ......
a. 2 years
m
b. 3 years
c. 5 years
d.7 years
iib
Ans - a
ca
.............................................
A and B maintain an FD account with a locker and want to make single nomination for both the
iib
accounts:
a. Nomination can be made in both the accounts separately

.ja
b. Nomination cannot be allowed in lockers in joint names

c. It will depend on bank’s discretion
d. Nomination can be accepted
w
Ans – a
.............................................
w
The provision for making the payment of amount mentioned in words in a cheque is described
w
u/s...of NI Act.
a. 16
b. 18
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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c. 20
d. 21
m
Ans - b
o
.............................................
.c
A bearer cheque is issued by one Mr. Ashok in favour of Aman, but he forgets to hand over the
cheque to Aman. Aman however, picks up the cheque in his absence from his table. Whether
st
the negotiation has taken place?
te
a. No, endorsement is also needed
b. No, delivery is also needed
c. No, endorsement and delivery both required
k
d. Yes, the cheque is drawn in his favour oc
Ans - b
.............................................
m
If NPA is purchased from X bank by Y Bank and Y bank wants to sell it to Z bank, what is the time
period for which the account should remain with bank Y ......
iib
a. 6 months
ca
b. 12 months
c. 15 months
d. 18 months
iib
Ans - a
.............................................
.ja
In case of component ‘Urban Self-Employment Programme’ (USEP) of SJSRY, What should be

the minimum percentage of women beneficiaries?
w
a. 30%
b. 20%
w
c. 15%
d. 12%
w
Ans - a
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What is the risk weightage for capital adequacy purpose, in case of credit card ......
m
a. 25%
b. 50%
o
c. 100%
d. 125%
.c
Ans - d
st
.............................................
te
Minimum Bank Rate is ......
a. 3%
k
b. 4% oc
c. 5%
d. None
m
Ans - d
.............................................
iib
Except one of the following, others are part of Public Sector Banks:
ca
a. State Bank of Hyderabad

b. Central Bank of India
c. Regional Rural Bank, sponsored by a nationalized bank
iib
d. None of these
Ans - d
.ja
.............................................
Under the Nayak Committee recommendations, the quantum of working capital limits from the
w
bank is minimum ...... of the projected annual sales.
a. 5%
w
b. 15%
c. 20%
w
d. 25%
Ans - c
.............................................
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Which is not a major promoter of CIBIL?
m
a. HDFC
b. SBI
o
c. RBI
d. Trans Union International Inc.
.c
Ans - c
st
.............................................
te
Which one is not a fund based service?
a. Short term finance
k
b. Letter of Credit oc
c. Bill discounting
d. Export credit
m
Ans - b
.............................................
iib
Which of the following can't be included in the definition of "Financial Intermediary"?

ca
a. Financial Institutions
b. Banks
c. NBFC & Mutual Funds
iib
d. None of these
Ans - d
.ja
.............................................
Banks provide safe deposit lockers to the Customer who hire them on lease basis. Here the
w
bank is a ......
a. Lessor
w
b. Creditor
c. Trustee
w
d. Lessee
Ans - a
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In strategic Alliance, the alliance partners
m
a. Merge with each other
b. One partner acquires the other
o
c. Remain separate entities
d. None of these
.c
Ans - c
st
.............................................
te
Participatory notes are issued by
a. NREs
k
b. NRIs oc
c. FIIs
d. PIOs
m
Ans - c
.............................................
iib
Which of the following can't be included in the money market?

ca
a. CDs
b. Treasury Bills
c. Corporate Securities
iib
d. Call/Notice money
Ans - c
.ja
.............................................
A bearer cheque of Rs. 3 lac has been presented by Mr. Sham Kumar, the payees of a cheque
w
drawn on your branch. He being new to the bank has shown inability to give identification ......
a. In case of bearer cheque, no identification is needed irrespective of the amount of the

w
cheque
b. Identification is required to safe guard the interest of the bank
w
c. Identification is essential for all instruments for getting protection

d. Identification would not be required if presented with pass book
Ans – a
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Which of the following is part of the money market?
m
a. Debentures
b. Bonds issued by PSUs
o
c. Term Money
d. Bonds issued by Govt
.c
Ans - c
st
.............................................
te
Mr. Dharmvir has given a power of attorney to Mr. Ashok Kumar for operation of accounts and
dealing with negotiable instruments drawn in favour of Mr. Dharmvir. What will be the correct
endorsement by Mr. Ashok Kumar among the following ......
k
a. Dharmvir sd/ by Ashok Kumar
b. Ashok Kumar sd/ Ashok Kumar
oc
c. For Dharmvir sd/Dharmvir by Ashok Kumar
m
d. For Dharmvir sd/ by Ashok Kumar (attorney for Dharmvir)
Ans - d
iib
.............................................
ca
Which of the following is not the common objective pursued by firms for short term?
a. Profit optimization
iib
b. Profit maximization
c. Minimum return on sales turnover
d. Fast turnaround or early cash recovery
.ja
Ans - a
.............................................
w
FIMMDA’s guidelines cover the following products, except one:

w
a. Call Money
b. Cross Currency Interest Rate swaps
w
c. Commercial Paper
d. Certificate of Deposit
Ans – b
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Facebook Groups -
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In Manufacturing sector, small enterprises investment in plant and machinery is
m
o
c. 25 Lakhs to 5 Crores
.c
Ans - c
st
.............................................
te
Smart Card is ......
a. Special purpose Cards
k
b. Microprocessor Cards oc
c. Processing unit contains memory for storing data
d. Both b & c
m
Ans - d
.............................................
iib
1 MB not equal to
ca
a. 1000 KB
b. 1024 KB
c. 2^10 KB
iib
d. Both B & C
Ans - a
.ja
.............................................
Which is not a major objective of computerisation in banking?

w
a. Customer service
b. Housekeeping
w
c. CBS
d. Decision-making
w
Ans - c
.............................................
…………………………………………………………………………………………………………………………………………………………………
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Interest in SB account is calculated on......
m
a. Minimum balance during the month
b. Balance as on 30th of the month
o
c. Minimum balance between 10th and last day of the month
d. On daily balance basis
.c
Ans - d
st
.............................................
te
...... of State Bank of India, providing loan for consumer durables 2 decades ago was a failure.
a. Buy Back Scheme
k
b. Big Buy Scheme oc
c. Big Sale Scheme
d.None of the above
m
Ans - b
.............................................
iib
Which one is among the various techniques used for generation of ideas?
ca
a. brainstorming sessions
b. surveys for need/idea identification
c. suggestion scheme for staff
iib
d. All the above
Ans - d
.ja
.............................................
In a book built issue allocation, RIIs, NIIs and QIBs are in the ratio of
w
a. 30:20:50
b. 35:50:15
w
c. 35:15:50
d. 30:50:20
w
Ans - c
.............................................
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A market plan is ......
m
a. performance appraisal of the marketing staff
b. company prospectus
o
c. documented marketing strategy
d. business targets
.c
Ans - c
st
.............................................
te
Marketing ...... the customer requirements. (i) identifies, (ii) satisfies
a. Only (i)
k
b. Only (ii) oc
m
Ans - d
.............................................
iib
Cross-selling is not effective for which one of the following products?

ca
a. Debit Cards
b. Savings Accounts
c. Internet Banking
iib
d. Pension loans
Ans - b
.ja
.............................................
Marketing channels do not mean ...... (i) delivery objects, (ii) delivery outlets, (iii) delivery boys
w

w

w
Ans - b
.............................................
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In Garnishee Order, the firm's account ...... for the debts of the partners.
m
a. can be attached
o
d. None of these
.c
Ans - b
st
.............................................
te
If a cheque is accidentally torn by the drawer, the cheque ......
a. can't be paid
k
b. can be paid, if the drawer confirms the multilation
oc
c. can be paid, if the drawer confirms the multilation and if otherwise in order
d. can't be paid, even if the drawer confirms the multilation and otherwise in order
m
Ans - c
.............................................
iib
Which one is not one of the most common tasks performed by RO/ZO?
ca
a. Inter-branch reconciliation
b. Credit Monitoring
c. Personnel Data Management
iib
d. Customer service
Ans - d
.ja
.............................................
If Garnishee Order is in a single name(former., and the account is in joint names with Operating
w
clause "Former or Survivor", the money in the account ......
a. can be attached
w
w
d. None of these
Ans - a
.............................................
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Facebook Groups -
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Generally LAN will not extend beyond ......
m
a. 50 meters
b. 100 meters
o
c. 150 meters
d. 200 meters
.c
Ans – b
st
.............................................
te
The ...... directory is mandatory for every disk
a. Root
k
b. Base oc
c. Sub
d. Case
m
Ans - a
.............................................
iib
Banks undertake to pay electricity bills, insurance premium for the customer regularly. Here the
bank is a ......
ca
a. Debtor
b. Creditor
iib
c. Principle
d. Agent
.ja
Ans - d
.............................................
w
In the online world of electronic commerce, what do the initials CEM stands for?
a. Costly E-Commerce Marketing

w
b. Customer Experience Management

c. Customer Experience Misleading
w
d. Cost Estimates are Mind Boggling
Ans - b
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In LAN, each independent system is known as ......
m
a. Tree
b. Node
o
c. Server
d. Stand-alone PC
.c
Ans - b
st
.............................................
te
The fastest I/0 of RAID (Redundant Arrays of Inexpensive Disks) is ......
a. Level – 0
k
b. Level – 1 oc
c. Level – 3
d. Level – 4
m
Ans - a
.............................................
iib
Cash payment of Term deposits is possible, if the amount doesn't exceed Rs. ......
ca
a. 20000
b. 25000
c. 40000
iib
d. 50000
Ans - a
.ja
.............................................
BCSBI has been set up as a ......

w
a. Autonomous Body
b. Society
w
c. Company
d. None of these
w
Ans - b
.............................................
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Digital signature has ......
m
a. Public Key
b. Private Key
o
c. Both A and B
.c
Ans - c
st
.............................................
te
CHAPS system is set-up in ......
a.USA
k
b.UK oc
c.Hong Kong
d.Brazil
m
Ans - b
.............................................
iib
CHATS system is set-up in ......

ca
a. USA
b. UK
c. Hong Kong
iib
d. Brazil
Ans - c
.ja
.............................................
"CASHWIRE", a clearing facility, is provided by ......

w
a. Bankwire
b. Fedwire
w
c. POS
d. None of these
w
Ans - a
.............................................
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Hypothecation is applicable in the case of ......
m
a. Movable goods
b. Immovable property
o
c. Book debts
d. Corporate guarantee
.c
Ans - a
st
.............................................
te
Charge created on LIC Policy is ......
a. Hypothecation
k
b. Pledge oc
c. Assignment
d. Mortgage
m
Ans - c
.............................................
iib
As per the provisions of NI Act,1881 a banker gets protection for payment of a cheque only if it
is a ......
ca
a. Holder in due course

b. Payment in due course
iib
c. Holder for value

d. All of the above
.ja
Ans - b
.............................................
w
A negotiable instrument is endorsed as Pay to Raju only. This is called as ......
a. Blank endorsement
w
b. Restrictive endorsement
c. Sans recourse endorsement
w
d. Endorsement in Full
Ans - b
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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The banker acts as a Bailee and the customer as Bailor, this relationship is applicable ......
m
a. when a bank lends funds to a corporate customer
b. when a bank accepts US$ FCNR deposits form a NRI customer
o
c. when a customer operates a safe deposit locker
d.when a customer keeps articles in safe custody with a bank
.c
Ans - d
st
.............................................
te
At a Shopping complex, you withdraw cash from ATM of State Bank of India. SBI is a ......
a. Paying Banker
k
b. Collecting Banker oc
c. Advising Banker
d. Issuing Banker
m
Ans - a
.............................................
iib
Ram issues a stop payment instructions to his banker to Stop payment of a cheque for
Rs.20,000. This is
ca
a. A request from Ram

b. An intimation from Ram
iib
c. An advice from Ram

d. A mandate from Ram
.ja
Ans - d
.............................................
w
A holder for value is ......
a. A bank allows one of its clients to withdraw against clearing of a cheque.

w
b. A bank which maintains high net worth customers accounts

c. A bank which collects cheques for non customers
w
d.A bank which handles high value clearing cheques
Ans - a
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Personal loans can be canvassed among ......
m
a. salaried person
b. pensioners
o
c. foreign nationals
d. NRI Customers
.c
Ans - a
st
.............................................
te
Data mining means analyzing the data stored with ......
a. The DSA
k
b. The front-office staff oc
c. The back-office staff
d. The customers
m
Ans - c
.............................................
iib
E-Marketing is the same as ...... (i) Real time Marketing, (ii) Virtual marketing, (iii) Digital
marketing
ca

iib

.ja
Ans - d
.............................................
w
Which of the folowing were not created to provide long term funds for industry or agriculture.
(i) Mutual funds, (ii) FIs, (iii) NBFCs
w

w

Ans – b
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Banks can not grant loans to any of its directors against which of the following securities?
m
a. Government Securities
b. Life Insurance policies
o
c. Bank's own deposit
d. Shares
.c
Ans - d
st
.............................................
te
Credit Exposure ceiling for borrowers is linked to:
a. Paid up capital of bank
k
b. Net worth of bank oc
c. Capital fund of the bank
d. None of these
m
Ans - c
.............................................
iib
Banks have to limit their commitment by way of unsecured guarantees in such a manner that
...... % of the Bank's outstanding unsecured guarantees plus the total of outstanding unsecured
ca
advances do not exceed ...... % of total outstanding advances.
a. 10%, 15%
iib
b. 15%, 20%
c. 15%, 40%
d. None of these as there is no such stipulation.
.ja
Ans - d
.............................................
w
Banks can not grant advance against their own shares as per provisions of:
w
a. Section 20 (1) of RBI Act

b. Section 19(2) of Banking Regulation Act
w
c. RBI guidelines
d. Section 20 (1) of Banking Regulation Act
Ans – d
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Which of the following is not sensitive commodity for purpose of Selective Credit Control?
m
a. food grains i.e. cereals and pulses
b. major oil seeds and oils thereof
o
c. raw cotton and kapas
d. Tea and Coffee
.c
Ans - d
st
.............................................
te
As per RBI, for borrowers availing working capital credit facilities of Rs 10 crore and above from
the banking system, the loan component should normally be ...... % and cash credit component
should be ...... %.
k
a. 80%, 20%
b. 20%, 80%
oc
c. 75%, 25%
m
d. 60%, 40%
Ans - a
iib
.............................................
ca
As per Section 20A of the Banking Regulation Act, 1949, whose permission is required for
remitting in whole or in part any debt due to a bank by any of the directors, or any firm or
company in which any of its directors is interested as director, partner, managing agent or
iib
guarantor, or any individual, if any of its directors is his partner or guarantor.
a. Reserve Bank
.ja
b. Board of Directors of the Bank

c. SEBI
d. None of these as loan given to a director can not be remitted at all.
w
Ans - a
.............................................
w
CRM (Customer Relationship Management) is ...... (i) A tool for lead generation, (ii) An ongoing
w
daily activity, (iii) The task of a DSA

…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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m
Ans - d
o
.............................................
.c
Factors influencing the promotion mix is/are
st
a. Type of product/market
b. Buyers’ Readiness stage
te
c. Product life cycle stage
d. All of the above
k
Ans - d oc
.............................................
Under PML Act, Banks has to maintain record of foreign currency transactions even below Rs.
m
10 Lakhs if the aggregate of such transactions is Rs....... during ...... Days/Weeks/Months.
a. Rs. 10 Lakhs, 1 Day

iib
b. Rs. 10 Lakhs, 1 Month

c. Above Rs. 10 Lakhs, 1 Day
ca
d. Above Rs. 10 Lakhs, 1 Month
Ans - d
iib
.............................................
A partnership firm has three partners and a minor, aged 17, admitted to the firm for benefits.
.ja
Who among the following will sign the account opening form for opening a current account in
this case ?
w
a. all the three and the father of the minor

b. all the three and natural guardian of the minor
c. all the three and the minor himself
w
d. all the three partners only

w
Ans - d
.............................................
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The benefits of test marketing is/are
m
a. More reliable forecast of future sales
b. An opportunity to decide about launching or dropping the product
o
c. Determining the better promotional strategies
d. All of the above
.c
Ans - d
st
.............................................
te
Which of the following is not the growth strategies?
a. Intensive growth
k
b. Innovative growth oc
c. Integrative growth
d. Diversification growth
m
Ans - d
.............................................
iib
You received a garnishee order for a current account maintained in your branch. A cheque is
received for payment. What memo should be appended while returning the cheque?
ca
a. Garnishee order received

b. Refer to drawer. Garnishee order received
iib
c. Insufficiency of funds due to garnishee order

.ja
Ans - a
.............................................
w
Max fine for offences under PML Act can be ......
a. Rs. 2 Lakhs
w
b. Rs. 3 Lakhs
c. Rs. 5 Lakhs
w
d. Rs. 10 Lakhs
Ans - c
.............................................
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Facebook Groups -
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Mr. Kumar as director of a Ltd company expired. Bank received a cheque signed by Mr. Kumar
as director of the Ltd company. The bank
m
a. Can honour the cheque only after obtaining confirmation from other directors
o
b. Can honour the cheque
c. Cannot hounour the cheque
.c
d. The company should issue a stop payment instructions to the bank
st
Ans - b
.............................................
te
Account Payee crossing is an order of the drawer ...
k
a. To all endorsees oc
b. To Payee
c. To Drawee Banker
d. To collecting Banker
m
Ans - a
.............................................
iib
A distribution channel has several ...... points

ca
a. Exchange
b. Distribution
iib
c. Selling
d. Buying
.ja
Ans - a
.............................................
w
Marketing situation can't be ...
a. Few Sellers & Many Buyers

w
b. Many Sellers & Many Buyers

c. One Seller & Many Buyers
w
Ans - d
.............................................
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Service marketing is the same as ......
m
a. internet marketing
b. telemarketing
o
c. internal marketing
d. relationship marketing
.c
Ans - d
st
.............................................
te
Value-added services does not mean ...... (i) additional services, (ii) costlier products, (iii) large
number of products
k
m
Ans - c
.............................................
iib
Innovation in marketing is same as ......

ca
a. motivation
b. perspiration
iib
c. aspiration
d. creativity
.ja
Ans - d
.............................................
w
In respect of Regional Rural Banks, the share holding pattern is:
a. Central Government 50%,State Government 35%,Sponsoring Bank 15%

w
b. Central Government 50%,State Government 15%,Sponsoring Bank 35%

c. Central Government 15%,State Government 35%,Sponsoring Bank 50%
w
d. Central Government 35%,State Government 50%,Sponsoring Bank 15%
Ans - b
.............................................
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Facebook Groups -
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A bank in India, wants to undertake capital market activities, it should:
m
a. Obtain special license from AMFI
b. Obtain special license from FIMMDA
o
c. Both a and b
d. Register with SEBI
.c
Ans - d
st
.............................................
te
You receive a cheque in an overdraft account for Rs.35,000. The debit balance in the account is
Rs.70,000 and the OD limit is Rs.1,00,000. What reason you will state while returning?
k
a. Refer to drawer oc
b. Effects Not cleared
c. Exceeds arrangement
d. Endorsement not correct
m
Ans - c
.............................................
iib
When a cheque is drawn on a bank, the bank is called as, the ......
ca
a. Payee
b. Drawee
iib
c. Drawer
d. Endorsee
.ja
Ans - b
.............................................
w
Your bank receives a cheque in inward clearing which has not been signed by the account
holder. Which one of the following reasons you will select to return the cheque?
w
a. Cheque is not signed by the payee

b. Refer to the drawer
w
c. Cheque is not signed by the drawee

d. Cheque is not signed by the endorsee
Ans – b
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An order cheque is endorsed as "without recourse to me" by the endorser. This endorsement is
known as ......
m
a. Blank endorsement
o
b. Restrictive endorsement
c. Endorsement in full
.c
d. None of these
st
Ans - d
.............................................
te
A stop payment instruction of a cheque can be issued by ......
k
a. The payee oc
b. The endorsee
c. The drawer
d. The drawee
m
Ans - c
.............................................
iib
During which one of the following periods did Reserve Bank of India play a more aggressive
ca
promotional role for rural India?
a. 1982 to 1987
iib
b. 1969 to 1982
c. 1960 to 1968
d. 1951 to 1959
.ja
Ans - b
.............................................
w
Law of limitation is not applicable in respect of :

w
a. Advance against pledge of shares

b. CC granted against hypothecation of inventory
w
c. Term loan secured by mortgage of Plant & Machinery

d. Bank Term Deposit
Ans – d
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FIMMDA stands for:
m
a. Foreign Exchange Money Markets and Derivatives Association of India
b. Fixed Income Money Markets and Derivatives Association of India
o
c. Foreign Income Money Markets and Derivatives Association of India
.c
Ans - b
st
.............................................
te
Who was the chairman of the Committee which recommended the setting up of the National
Co-operative Bank of India?
k
a. A M Khushro oc
b. V Kurien
c. B Shivaraman
d. None of these
m
Ans – c
.............................................
iib
A bond is normally ......

ca
a. Secured
b. Unsecured
iib
c. Either a or b
d. None of these
.ja
Ans - b
.............................................
w
SME means ...... (i) Small and Medium Enterprises, (ii) Small and Medium Establishments
a. Only (i)
w
b. Only (ii)
w
Ans - a
.............................................
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Facebook Groups -
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Aggressive Marketing is necessitated due to ...... (i) Globalization, (ii) increased competition
m
a. Only (i)
b. Only (ii)
o
.c
Ans - b
st
.............................................
te
Efficient Marketing styles require ......
a. proper planning
k
b. good communication skills oc
c. teamwork
d. knowledge of products
m
Ans - d
.............................................
iib
Market-driven strategy includes ......

ca
a. identifying problems
b. planning marketing tactics of peers
c. positioning the organization and its brands in the market place
iib
d. internal marketing
Ans - c
.ja
.............................................
A call means:
w
a. after-sales service
b. profession or business
w
c. visiting friends
d. visiting prospective customers
w
Ans - d
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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Conversion means:
m
a. meeting a prospective client
b. interacting with a prospective client
o
c. converting an employer into an employee
d. converting a prospective client into customer
.c
Ans - d
st
.............................................
te
Customization is useful for ......
a. Designing customer specific product
k
b. Call centres oc
c. Publicity
d. Motivating the staff
m
Ans - a
.............................................
iib
The performance of a sales person mostly depends on ......

ca
a. salary paid
b. sales incentive paid
c. sizes of the sales team
iib
d. ability and willingness of the salesperson
Ans - d
.ja
.............................................
The sole aim of marketing is to ...... (i) increase sales, (ii) increase profits
w
a. Only (i)
b. Only (ii)
w

w
Ans - a
.............................................
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Facebook Groups -
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Commercial Banks are permitted to borrow to the extent of ...... % of their capital funds in the
call/notice money market.
m
a. 100
o
b. 125
c. 150
.c
d. 175
st
Ans - b
.................................................
te
The banking ombudsman may ask the concerned bank to submit ......
k
a. information on the complaint. oc
b. evidences and documents in support of the reply to the complaint
c. other related document
d. all the above
m
Ans - d
.............................................
iib
Interest rate futures were launched in India in ......

ca
a. NSE
b. BSE
iib
c. Both a & b
.ja
Ans - a
.................................................
w
a. 4000
w
b. 5000
c. 6000
w
d. 7000
Ans - c
.................................................
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Facebook Groups -
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Sec ...... of RBI Act,1934 gives sole power to RBI to issue currency notes
m
a) 10
b) 18
o
c) 22
d) 26
.c
Ans - c
st
.............................................
te
Diversification Growth is defined as......
k
oc
m
Ans - c
.............................................
iib
Who regulates the Insurance Business in India?

ca
a. RBI
b. SEBI
c. IRDA
iib
d. AMFI
Ans - c
.ja
.............................................
RBI exercises monetary control in India through...

w
a. Issue of currency
b. Cash reserve and liquid reserve ratios
w
c. Repo and Reverse Repo Rate

d. Regulated Payment System
w
Ans - b
.............................................
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Facebook Groups -
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Building a brand doesn't involve ......
m
a. Brand positioning
b. Brand name selection
o
c. Brand marketing
d. Brand development
.c
Ans - c
st
.............................................
te
Which of the following is not required in case of a private limited company?
a. Memorandum of Association
k
b. Articles of association oc
c. Certificate to commence business
d. Certificate of incorporation
m
Ans - c
.................................................
iib
Creator of Trust is referred as

ca
a. Trustee
b. Beneficiary
c. Settlor
iib
d. Garnishee
Ans - c
.ja
.............................................
Who is the customer among the following?

w
a. One who acts as an agent for one maintaining a deposit account.

b. One who regularly gets Draft issued.
w
c. One who maintains a Loan Account.

d. One who regularly visits the bank.
w
Ans - c
.............................................
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Facebook Groups -
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While opening an account in the name of a Joint Hindu Family a JHF letter is obtained. It will be
signed by?
m
a. Karta
o
b. Adult Coparceners
c. Minor Coparceners
.c
d. Only by a and b
st
Ans - d
.............................................
te
The measurement and evaluation of progress against the goals and targets of plans falls
under...
k
a. Planning
b. Implementation
oc
c. Control and review
m
d. Analysis
Ans - c
iib
.............................................
ca
ABC Company purchased Hear Music and began making compilation music CDs to play and sell
in its stores. It has also tested new restaurant concepts. It is considering which of the following
strategies?
iib
a. Product development
b. Market development
.ja
c. Diversification
d. Market penetration
w
Ans - a
.............................................
w
through reliable source that Principal has died. Which of the following action you will take?
w

b. Pay the cheque
d. Confirm the legal heirs of the principle
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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c. None of these
m
Ans - a
.............................................
o
The banking ombudsman may reject the complaint on the following grounds
.c
a. complaint is without sufficient cause.
st
b. complaint is not pursued with reasonable diligence.
c. there is no loss or damage or inconvenience suffered by the complainant.
te
d. any one or all of the above
Ans - d
k
............................................. oc
Fortnightly average borrowing outstanding of Commercial Banks should not exceed more than
...... % of their capital funds.
m
a. 100
b. 125
iib
c. 150
d. 175
ca
Ans - a
.................................................
iib
The bank is required to comply with the execution of the award of banking ombudsman within
the bank is required to comply with the execution of the award of banking ombudsman within;
.ja
a. 7 days
b. 15days
w
c. 30days
d. 60days
w
Ans - b
.............................................
w
Relationship between Banker & Customer in case of Deposit Account is ......
a. Creditor- Debtor
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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b. Bailer – Bailee
c. Debtor – Creditor
m
d. Licensor – Licensee
o
Ans - c
.................................................
.c
There is a joint account in the names of A and B to be operated upon by both of them jointly.
st
On the death of A, the credit balance in the account is payable to ......
te
a. B
b. B and Legal heirs of A Jointly
c. Either a. or b.
k
d. None of these oc
Ans - b
.................................................
m
What can be a characteristic of Physical Products?
iib
a. Inseparability
b. Heterogeneity
ca
c. Homogeneous
d. Perishability
iib
Ans - c
.............................................
.ja
Apart from Product, price and place, which is the other one in 4Ps?
a. Profit
w
b. Plan
c. Promotion
d. People
w
Ans - c
w
.............................................
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Facebook Groups -
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Which of the following is not true in respect of Guardian to Minor?
m
a. Guardian of Illegitimate minor child – Mother
b. Guardian of Hindu married minor girl – Girl’s Father-in-law, If Husband Minor
o
c. Testamentary Guardian becomes effective after death of father and mother
d. Natural Guardian varies from religion to religion
.c
Ans - b
st
.............................................
te
Which of the following forms of business are permissible under BR Act:
a. Borrowing
k
b. Issuance of Letters of Credit oc
c. Buying and selling of bullion
d. All of the above
m
Ans - d
.............................................
iib
FIMMDA’s general principles and procedures are applicable to:

ca
a. Fixed Income Markets

b. Money Markets
c. Derivatives Markets
iib
d. All of the above
Ans - d
.ja
.............................................
Mode of communication capable of receiving and transmitting at all time (i.e. Two-way
w
communication simultaneously possible) is ......
a. Simplex
w

c. Duplex
w
Ans - c
.............................................
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Which one doesn't offer voting rights?
m
a. Equity shares
b. Preference shares
o
c. Bonus Shares
d. Rights shares
.c
Ans - b
st
.............................................
te
Which is not an objective of Test Marketing?
a. To know how the consumers and dealers react to handling, using and repurchasing the actual
k
product oc
b. To learn the size of the market
c. To test the product in authentic consumer settings
d. All the above
m
Ans - d
.............................................
iib
Sale or purchase of Govt Securities by RBI in open market is called as ......

ca
a. Credit Planning
b. SCC
iib
c. OMO
d. CAS
.ja
Ans - c
.............................................
w
How many types are T bills are issued?
a. 2
w
b. 3
c. 4
w
d. 5
Ans - b
.................................................
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Mode of communication capable of receiving and transmitting both but only one at a time is
......
m
a. Simplex
o
c. Duplex
.c
st
Ans - b
.............................................
te
Who is eligible to issue CPs?
k
a. Corporates oc
b. PDs
c. FIs
d. All of them
m
Ans - d
.................................................
iib
LC is issued by the opening bank on request of ...

ca
a. Seller
b. Supplier
iib
c. Applicant
d. Beneficiary
.ja
Ans - c
.............................................
w
...... are not Commercial Banks
a. Public Sector Banks

w
b. Cooperative Banks
c. Private Sector Banks
w
d. Foreign Banks
Ans - b
.............................................
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The bank that makes payment to the beneficiary on receipt of documents as per terms of Letter
of Credit is...
m
a. Advising Bank
o
b. Negotiating Bank
c. Confirming Bank
.c
d. Opening Bank
st
Ans - b
.............................................
te
Equity shares are issued on redemption of bond to the holder of ...... bond.
k
a. Coupon oc
b. Convertible
c. Preference
d. Zero Coupon
m
Ans - b
.............................................
iib
NREP has been merged into :

ca
a. EAS
b. NRY
iib
c. JRY
d. PMRY
.ja
Ans - c
.............................................
w
The deposit of cash under CRR requirement with RBI is ...... requirement.
a. Voluntary
w
b. Discretionary
c. Mandatory
w
Ans - c
.............................................
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A direct marketing channel is also called ...... level channel
m
a. Zero
b. One
o
c. Two
d. Three
.c
Ans - a
st
.............................................
te
In the recent years, important of marketing has increased due to ...
a. Availability of information to customer
k
b. Target and customised communications and offerings
oc
c. Consumer has wider choices
d. All the above
m
Ans - d
.............................................
iib
In a book built issue allocation, RIIs, NIIs and QIBs are in the ratio of
ca
a. 30:20:50
b. 35:50:15
c. 35:15:50
iib
d. 30:50:20
Ans - c
.ja
.............................................
Bank can grant loans against ...

w
a. LIC Policy
b. CDs
w
c. FD issues other bank

d. Mutual fund
w
Ans - a
.............................................
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Facebook Groups -
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CIBIL came into effect with effect from?
m
a.1999
b.2000
o
c.2001
d.2002
.c
Ans - b
st
.............................................
te
Which is not a retail deposit product?
a. credit card
k
b. term deposits oc
c. senior citizen deposits
d. No frills acct
m
Ans - a
.............................................
iib
Marketing passes through the management functions of ......

ca
a. Analysing
b. Planning
c. Controlling
iib
d. All the above
Ans - d
.ja
.............................................
As per Foreign Exchange Regulation Act 1973 which one of the following forms is to be used by
w
the exporter for declaring the exports made to all countries otherwise than by post?
a. PP Forms
w
b. G R Forms
c. V P Forms
w
d. COD Forms
Ans - b
.............................................
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Facebook Groups -
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Which is not a characteristic of services?
m
a. Perishable
b. Tangible
o
c. Heterogeneous
d. Inseparable
.c
Ans - b
st
.............................................
te
Which one of the following Committees introduced the concept of weaker sections within the
priority sector for the first time in India?
k
a. Ojha Committee oc
b. Nariman Committee
c. Krishnaswamy Committee
d. None of these
m
Ans - c
.............................................
iib
What are the provisions of remuneration of the banking ombudsman ?

ca
a. he is eligible for remuneration and other perquisites

b. this will be determined by the RBI
iib
c. this has to be borne by banks proportionately

d. all the above
Ans - d
.ja
.............................................
As per Sec 3 of The Majority Act, a person below how many years of age is Minor in case
w
guardian has been appointed by court?
a. 16
w
b. 18
c. 21
w
d. Depends upon court order
Ans - b
.................................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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m
a. Wednesday
b. Wednesday of reporting week
o
.c
Ans - a
st
.................................................
te
A Power of Attorney PA executed abroad, should be stamped within how many months of its
receipt in India?
k
a. One Month oc
b. Two Months
c. Three Months
d. Six Months
m
Ans - c
.................................................
iib
Which of the following is not true in respect of Executors?

ca
a. Appointed by a testator through a will

b. Appointed by Court in absence of a will to act through Letter of Administration
iib
c. Performs the duty of realizing and distributing the assets of a deceased

d. On death of one of the Executors his powers are vested in surviving executors
.ja
Ans - b
.................................................
w
Which one is a distributed control Network?
a. Star Topology
w
b. Bus Topology
c. Tree Topology
w
d. Loop Topology
Ans – b
.................................................
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Facebook Groups -
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Commonly used medium of communication in banking
m
a. Coaxial Cables
b. Fibre Optic Cable
o
c. Telephone Lines
d. None of these
.c
Ans - c
st
.............................................
te
‘DOS’ floppy disk does not have ......
a. A Boot Record
k
b. A File Allocation Table oc
c. A Root Directory
d. Virtual Memory
m
Ans - d
.............................................
iib
Credit card is a small plastic card of around ...... cm.

ca
a. 7.0 x 5.5
b. 8.5 x 5.0
c. 7.5 x 5.0
iib
d. 8.5 x 5.5
Ans - d
.ja
.............................................
The way devices are interconnected is known as ......

w
a. Network
b. Topology
w
c. LAN
d. None of these
w
Ans - b
.............................................
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Facebook Groups -
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In Garnishee Order, balances held outside India ......
m
a. can be attached
o
d. None of these
.c
Ans - b
st
.............................................
te
In which account customer has the flexibility to select the number of installments and also vary
his monthly installment amounts subject to certain conditions?
k
a. An EEFC account oc
b. A variable recurring deposit account
c. A flexi deposit account
d. A roaming current account
m
Ans - b
.............................................
iib
RSA is ......
ca
a. Symmetric Cryptosystem
b. Asymmetric Cryptosystem
iib
c. Block Cypher
d. Digital Signature
.ja
Ans - b
.............................................
w
Firewalls are used to protect against
a. Unauthorised Attacks
w
b. Virus Attacks
c. Data Driven Attacks
w
d. Fire Attacks
Ans - a
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Facebook Groups -
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Minimum tenur of Government Securities is ...... days.
m
a. 1
b. 2
o
c. 3
d. 5
.c
Ans - a
st
.................................................
te
SCBs can lend to the extent of ...... % of their capital funds on any day.
a. 25
k
b. 50 oc
c. 75
d. 100
m
Ans - b
.................................................
iib
Compiler is a ......
ca
a. Package
b. System Software
c. Process
iib
d. Application Software
Ans - b
.ja
.............................................
If number of partners in a firm is 22 in respect of trading activity the firm is

w
a. Limited company
b. Large partnership
w
c. Illegal association
d. None of these
w
Ans - c
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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CPs are issued normally for a tenure of......
m
a. 30 Days
b. 60 Days
o
c. 90 Days
d.120 Days
.c
Ans – c
st
.............................................
te
The validity period of SEBI's observation letter for IPO offer document is......
a. 1 month
k
b. 2 months oc
c. 3 months
d. 6 months
m
Ans - c
.............................................
iib
ECS-RAPID was introduced by RBI in ......

ca
a. 1995
b. 1996
c. 1997
iib
d. 1998
Ans - c
.ja
.............................................
Smallest storage unit of a computer is ......

w
a. Bit
b. Byte
w
c. Nibble
d. Pixel
w
Ans - a
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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MICR was introduced in ......
m
a. 1945
b. 1954
o
c. 1965
d. 1956
.c
Ans - b
st
.............................................
te
Reforms in the financial services sector were initiated on the recommendations of ......
Committee.
k
a. Jankiraman oc
b. Narasimhan
c. Tarapore
d. Rangarajan
m
Ans - b
.............................................
iib
Treasury bills are issued for a period of upto......

ca
a. 30 days
b. 31 days
iib
c. 90 Days
d. 91 days
.ja
Ans - d
.............................................
w
Notice Money means money lent/borrowed between banks and entities like PDs for ......
a. 1 day
w
b. 2-14 days
c. More than 14 days
w
d. None of these
Ans - b
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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In bank’s parlance credit risk in lending is
m
a. Default of the banker to maintain CRR
b. Default of the banker to maintain SLR
o
c. Default of the banker to release credit to the customer
d. Default of the customer to repay the loan
.c
Ans - d
st
.............................................
te
Headquarters of SWIFT is at ......
a.Newyork
k
b.Paris oc
c.Brussels
d.London
m
Ans - c
.............................................
iib
ECS was launched by RBI in ......

ca
a. 1995
b. 1996
c. 1997
iib
d. 1998
Ans – a
.ja
.............................................
Digital Signature consists of ......

w
a. Message Only
b. Random Number Only
w
c. Both A and B
d. None of these
w
Ans - c
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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Online Marketing is the function of which of the following ......
m
a. Purchase section
b. Production Department
o
c. IT Department
d. A collective function of all staff
.c
Ans - d
st
.............................................
te
Lead generation does not mean ...... (i) tips for selling tactics, (ii) tips for better production, (iii)
likely sources for prospective clients
k
m
Ans - a
.............................................
iib
BCSBI is setup on the Recommendations of which Committee

ca
a. S.S. Tarapore Committee

b. Dr. C. Rangarajan Committee
iib
c. Vijay Kelkar Committee

d. Montek Singh Ahluwalia Committee
.ja
Ans - a
.................................................
w
Relationship of Banker with Payee of Draft
a. Trustee and Beneficiary

w
b. Drawer and Drawee

c. Licensor and Licensee
w
d. Principal and Agent
Ans - a
.................................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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In terms of PMLA, Records of Cash Transaction of Rs. 10 Lacs and Suspicious Transactions are
required to be maintained for a Period of ......
m
a. 5 Years
o
b. 10 Years
c. 15 Years
.c
d. 25 Years
st
Ans - b
.................................................
te
01st August of Every Year is observed as ......
k
a. KYC Compliance Day oc
b. KYC Compliance and AML Day
c. Computer Security Day
d. KYC Compliance and Fraud Prevention Day
m
Ans - d
.................................................
iib
Which Section of Banking Regulation Act, 1949 provides Nomination for Payment of Depositor’s
ca
Money?
a. Section 42
iib
b. Section 24
c. Section 110A
d. Section 45ZA
.ja
Ans - d
.................................................
w
Suspicious Transactions Reports (STRs), is submitted to

w
a. RBI
b. Banking Department, Ministry of Finance
w
c. FIU-IND
d. Central Bureau of Investigation (CBI)
Ans – c
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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m
a. 4000
b. 5000
o
c. 6000
d. 7000
.c
Ans - c
st
.................................................
te
The head quarter of IMF is located at ......
a. London
k
b. Washington oc
c. New York
d. Paris
m
Ans - b
.................................................
iib
Basel II consists of three mutually reinforcing pillars viz; minimum capital requirement,
supervising review of capital adequacy and the 3rd one is ......
ca
a. Internal Audit
b. USGAAP
iib
c. CRA
d. Market Discipline
.ja
Ans - d
.................................................
w
Under the banking ombudsman scheme a complaint can be lodged with the ombudsman ......
a. within in the specified jurisdiction.

w
b. with the head office of the bank

c. with the consumer of the bank
w
d. any of the above
Ans - a
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Facebook Groups -
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A Corporate Bond which carry a rating of D is considered to be ......
m
a. Highly safe
b. High probability of default
o
c. Can't say
.c
Ans - b
st
.................................................
te
a. Wednesday
k
b. Wednesday of reporting week oc
m
Ans - c
.................................................
iib
Real Time Gross Settlement (RTGS) is managed by ......

ca
a. State Bank of India

b. Reserve Bank of India
c. Indian Banks Association (IBA)
iib
d. Government of India
Ans - b
.ja
.................................................
Overdrafts granted against ‘no frills’ accounts in rural and semi-urban areas is classified as ......
w
a. 50% Direct Advance to Agriculture Sector

b. 100% Direct Advance to Agriculture Sector
w
c. 100% Indirect Advance to Agriculture Sector

d. 100% Direct Advance to Personal Segment
w
Ans - c
.................................................
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Facebook Groups -
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What is the provisions of remuneration of the baking ombudsman ?
m
a. 60 years
b. 62 years
o
c. 65 years
d. 68 years
.c
Ans - c
st
.............................................
te
Forex is a ...... hour market.
a. 8
k
b. 12 oc
c. 24
m
Ans - d
.................................................
iib
LIBOR is not issued for ......

ca
a. USD
b. GB Pound
c. INR
iib
d. Japanese Yen
Ans - c
.ja
.................................................
NSE MIBOR is based on the rates polled by NSE from a representative panel of ......
w
banks/FIs/PDs.
a. 30
w
b. 31
c. 50
w
Ans - b
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Facebook Groups -
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FERA came into force with effect from ......
m
a. 01.01.1973
b. 01.01.1974
o
c. 01.01.1983
d. 01.01.1984
.c
Ans - b
st
.................................................
te
What are the provisions of remuneration of the banking ombudsman ?
a. he is eligible for remuneration and other perquisites
k
b. this will be determined by the RBI oc
c. this has to be borne by banks proportionately
d. all the above
Ans - d
m
.............................................
Which of the following is not a popular social marketing network?

iib
a. Facebook
ca
b. Pinterest
c. Twitter
iib
Ans - b
.................................................
.ja
In respect of which one of the following co-operative institutions the percentage share of
deposits in their total financial resources is the lowest among all the institutions given in the
w
list?
a. PACS
w
b. DCCB
c. SCB
w
d. PLDB
Ans - d
.............................................
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Any contract with minor is void ab initio in terms of which of the following Act?
m
a. Sec 34 Transfer of Property Act 1882
b. S 11 of Indian Contract Act 1872
o
c. Sec 26 Negotiable Instruments Act 1881
d. Sec 6 of The Majority Act
.c
Ans - b
st
.................................................
te
The banking ombudsman scheme covers the following banks;
a. scheduled commercial banks.
k
b. regional rural banks. oc
c. co-operative banks.
d. all these
m
Ans - d
.............................................
iib
Total amount of transactions are accumulated and debited to the customer’s account in ......
ca
a. Debit Card
b. Credit Card
c. Charge Card
iib
d. Smart Card
Ans - c
.ja
.............................................
As per Basel 2 Recommendations, the subordinate Term Debt are restricted to...
w
a. 25% of Tier I Capital

b. 50% of Tier I Capital
w
c. 25% of Tier II Capital

d. 50% of Tier II Capital
w
Ans - b
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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In India, the drought in which one of the following years was categorised as ‘SEVERE’?
m
a. 1979
b. 1966
o
c. 1987
d. All these years
.c
Ans - c
st
.............................................
te
At which one of the following centres one of the Software Parks is located?
a. Gandhinagar
k
b. Cochin oc
c. Kandla
d. None of these
m
Ans - a
.............................................
iib
Under PMRY scheme, which is not levied?

ca
a. Penal Interest
b. Processing charges
c. both a and b
iib
d. None of these
Ans - c
.ja
.............................................
The service provided by HSBC which allows the customer to access their accounts from a PC
w
installed at his office or at their home is called ......
a. Corporate Banking
w
b. Hexagon
c. Personal Banking
w
d. Both a & c
Ans - b
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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Communication software which allows free format messaging and file transfer on Banknet
infrastructure is ......
m
a. NICNET
o
b. Banknet
c. RBI Net
.c
d. Indonet
st
Ans - c
.............................................
te
Which one comes under Terrestrial cables?
k
a. Copper wire-pair oc
b. Coaxial pair
c. Optical fibre
d. All of them
m
Ans - d
.............................................
iib
How many types of diversification are generally observed?

ca
a. 2
b. 3
iib
c. 4
d.5
.ja
Ans - b
.............................................
w
There are ...... stages of branding in banking services.
a. 2
w
b. 3
c. 4
w
d.5
Ans - c
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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The customer has the option to pay the entire amount once in a month or pay in installments in
......
m
a. Debit Card
o
b. Credit Card
c. Charge Card
.c
d. Smart Card
st
Ans - b
.............................................
te
SGYS scheme came into operation from ......
k
a. 01.03.1998 oc
b. 01.04.1998
c. 01.03.1999
d.01.04.1999
m
Ans - d
.............................................
iib
Cash budget deals with ......

ca
a. cash transactions
b. non-cash transactions
iib
c. both a and b
d. None of these
.ja
Ans - a
.............................................
w
Who are eligible for subsidy under SHG?
a. All the members

w
b. only BPL members

c. only APL members
w
Ans - b
.............................................
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Facebook Groups -
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As per Indian Stamp Act, which one attracts stamp duty?
m
a. DPN
b. Agreements
o
c. both a and b
d. Neither a not b
.c
Ans - c
st
.............................................
te
Banking defines the acceptance of deposits should be for the purpose of ......
a. lending
k
b. investments oc
c. lending and investments
d. None of these
m
Ans - c
.............................................
iib
Which one is not a component of ATM?

ca
a. Key-pad
b. Cash Dispenser
c. Deposit slot
iib
d. None of these
Ans - d
.ja
.............................................
An audiocassette manufacturer introduces computer tape manufacture is an example of ......

w
w
w
Ans – a
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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Using a new brand name for a new product, either when entering a new product category or
when it is felt that the existing brand power is waning is called as ......
m
a. Line extension
o
b. Brand extension
c. Multi brands
.c
d. New brands
st
Ans - d
.............................................
te
‘PIN’ in Smart Card is called ......
k
a. Permanent Index Number oc
b. Personal Identification Number
c. Personal Index Number
d. Permanent Identification Number
m
Ans - b
.............................................
iib
The usage of word “ATM” in the banks denotes ......

ca
a. Automatic Teller Machine

b. Automated Teller Machine
iib
c. Accounts Transacting Machine

d. Automated Tallying Machine
.ja
Ans - b
.............................................
w
Integrative Growth is defined as......

w

w
Ans - b
.............................................
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Facebook Groups -
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Which one ensures high speed with laser beam light source?
m
a. Copper wire-pair
b. Coaxial pair
o
c. Optical fiber
d. All of them
.c
Ans - d
st
.............................................
te
In the maturity stage of its life cycle, the sales of a product ......
a. Increases
k
b. Declines oc
c. Stands Still
m
Ans - b
.............................................
iib
An audiocassette manufacturer starts manufacturing cassette holding trays is an example of

......
ca
iib
.ja
Ans - b
.............................................
w
Which of the following statements is correct regarding banking ombudsman scheme?
a. it is an opportunity to public to redress their grievances of banking services

w
b. it is an additional grievances settlement mechanism

c. it is not substitution of consumer protection ant.
w
d. all the above.
Ans - d
.............................................
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Facebook Groups -
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The objectives of the banking ombudsman scheme are;
m
a. to promote settlement through conciliation
b. prompt settlement of customer grievances .
o
c. inexpensive settlement of grievances.
d. all the above.
.c
Ans - d
st
.............................................
te
Who can make the complaint to ombudsman?
a. the customer himself
k
b. the authorized representative of customer. oc
c. (a) or (b) above
d. all the above
m
Ans - c
.............................................
iib
Which of the following is not true in respect of Married Woman?

ca
a. Married woman may extend guarantee on behalf of third parties

b. Married woman cannot be arrested or imprisoned for non-payment of judgement debt
c. A married woman dependent on husband cannot be adjudged as insolvent
iib
d. Personal assets of a married woman are not liable for any loan availed by her
Ans - d
.ja
.................................................
Which of the following is the first step in the 'transaction processing cycle', which captures
w
business data through various modes such as optical scanning or at an electronic commerce
website?
w
a. Document and report generation

b. Database maintenance
w
c. Transaction processing
d. Data Entry
Ans – a
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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Find the correct statement.
m
a. Marketing is redundant in monopolistic companies
b. The performance of a salesperson depends on the amount of incentives paid
o
c. Marketing is influenced by peer performance
d. A mission statement is part of the Company's Prospectus
.c
Ans - d
st
.............................................
te
The target group of the SME loans is ......
a. All businessmen
k
b. All professionals oc
c. All SSIs
d. All of the above
m
Ans - c
.............................................
iib
Home loans can be best canvassed among ......

ca
a. Builders
b. Flat owners
c. Land developers
iib
d. Individual wanting to buy a flat or house
Ans - d
.ja
.............................................
How much additional exposure is permitted in exceptional circumstances with the permission
w
of the Board of Directors of the bank in case of exposure to single borrower or group?
a. 5%, 5%
w
b. 10%, 10%
c. 5%, 10%
w
d. No additional exposure without RBI approval
Ans - a
.............................................
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Facebook Groups -
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Upto how much amount loan can be sanctioned by appropriate authority within powers
delegated to him to any relative of their own director or directors of other banks or relative of
m
director of other bank?
o
a. up to Rs 25 lakh
b. Rs 25 lakh and above
.c
c. Less than Rs 25 lakh
d. None of these as loan to relatives of bank's directors can not be granted without RBI
st
permission
te
Ans - c
.............................................
k
The small companies/organisations that have been created exclusively to deal in govt. securities
oc
are called:
a. NBFCs
m
b. mutual funds
c. primary dealers
d. asset management companies
iib
Ans - c
ca
.............................................
As a cover for bank note issue, RBI keeps some minimum value of total approved assets in the
iib
form of:
a. cash and bank balances

.ja
b. cash, gold coins and bank balances

c. gold coins, bullion and foreign securities
d. all the above
w
Ans - c
.............................................
w
For controlling inflationary or deflationary situations in India, RBI makes use of(which one is
w
excluded):
a. Cash Reserve Ratio

b. Statutory Liquidity ratio
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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c. Open Market operations

d. Liquidity adjustment facility
m
Ans - d
o
.............................................
.c
through reliable source that PA holder has died. Which of the following action you will take?
st
te
b. Pay the cheque as Principal is alive
d. None of these
k
Ans - b
.............................................
oc
m
In which of the following product life cycle stages, sales are zero and the company’s investment
costs mount?
iib
a. Product development
b. Introduction
ca
c. Growth
d. Maturity
iib
Ans - a
.............................................
.ja
One of the objective of Style improvement is ......
a. Products' versatility
w
b. Aesthetic appeal
c. Durability
d. Convenience
w
Ans - b
w
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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The central banking authority i.e. RBI in India , is performing two distinct roles in context of
money market that include:
m
a. monetary control and banking supervision
o
b. issue of currency and maintenance of CRR
c. handling govt. business and maintaining price stability
.c
d. banking supervision and financial stability
st
Ans - a
.............................................
te
Introducing additional brands in an existing product category is called as ......
k
a. Line extension oc
b. Brand extension
c. Multi brands
d. New brands
m
Ans - c
.............................................
iib
Which one is not a part of Marketing Mix (4Ps)

ca
a. Price
b. People
iib
c. Product
d. Place
.ja
Ans - b
.............................................
w
Banknet doesn't link ......
a. Nagpur
w
b. Bangalore
c. Hyderabad
w
d. Ahmedabad
Ans - d
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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Banks access Banknet with ......
m
a. RBI Net
b. INET
o
c. COMET
d. INDONET
.c
Ans - c
st
.............................................
te
The message transfer utility of COMET enables ...... users to login at a time at each node.
a. 200
k
b. 2000 oc
c. 400
d. 4000
m
Ans - c
.............................................
iib
‘MICR’ technology used for clearance of cheques by banks refers to ......

ca
a. Magnetic Ink Character Recognition

b. Magnetic Intelligence Character Recognition
c. Magnetic Information Cable Recognition
iib
d. Magnetic Insurance Cases Recognition
Ans - a
.ja
.............................................
The regulator for Mutual Funds in India is......

w
a. FIMMDA
b. AMFI
w
c. RBI
d. SEBI
w
Ans - d
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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Individual customers are covered by ...... of CIBIL.
m
a. Personal Credit Bureau
b. Consumer Credit Bureau
o
c. Retail Credit Bureau
d. Commercial Credit Bureau
.c
Ans - b
st
.............................................
te
A company which pools money from investors and invests in stocks, bonds, shares is called
a. A bank
k
b. An insurance company oc
c. Bancassurance
d. Mutual Fund
m
Ans - d
.............................................
iib
Which is not a type of P/A generally granted?

ca
a. General
b. Limited
c. Universal
iib
d. None of these
Ans - d
.ja
.............................................
“Buy Now – Pay Now” is commonly used for ......

w
a. Debit Cards
b. Vault Cards
w
c. Credit Cards
d. E-purse
w
Ans - a
.............................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
Cash budget is a payment of ......
m
a. cash Receipts
b. cash payments
o
c. either a or b
d. both a and b
.c
Ans - d
st
.............................................
te
Open Systems Interconnection (OSI) Model consists of ......
a. 5-layers
k
b. 6-layers oc
c. 7-layers
d. 8-layers
m
Ans - c
.............................................
iib
Loan Delivery System is applicable in case of borrowers enjoying :

ca
a. working capital credit limits of Rs. 10 crore and above from the banking system
b. working capital credit limits of Rs 10 crore and above from a bank.
c. fund based limits of Rs 10 crore and above from the banking system
iib
d. fund based limits of Rs 10 crore and above from a bank.
Ans - a
.ja
.............................................
The monetary and credit policy statement of RBI is called:

w
a. Annual Policy Statement

b. Credit policy of RBI
w
c. Economic Policy
d. None of these
w
Ans - a
.............................................
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Facebook Groups -
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Which of the following cannot be included in the definition of a financial intermediary?
m
a. banks and non-bank finance companies
b. financial institutions
o
c. mutual funds
d. companies engaged in manufacturing of good
.c
Ans - d
st
.............................................
te
Which of the following cannot be included in the money market?
a. call or notice money
k
b. corporate securities oc
c. certificate of deposit
d. treasury bills
m
Ans - b
.............................................
iib
Which of the following is part of the money market?

ca
a. bonds issued by the govt.

b. bonds issued by public sector undertakings
c. term money
iib
d. debentures
Ans - c
.ja
.............................................
Monetary control is exercised by RBI in India through:

w
a. payment system
b. issue of currency
w
c. cash reserves and liquid reserve ratios

d. repo rate and reserve repo rate
w
Ans - c
.............................................
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Supervision over the depositories and stock exchanges is the role of:
m
a. RBI
b. IRDA
o
c. SEBI
d. PFRDA
.c
Ans - c
st
.............................................
te
Which of the following does not match?
a. regulator of insurance market -IRDA
k
b. regulator of capital market -SEBI oc
c. regulator of money market -RBI
d. regulator of forex market -SEBI
m
Ans - d
.............................................
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Which of the following function is not carried by IRDA in India?

ca
a. regulator of insurance companies

b. regulator of insurance products
c. regulation over the funds managing pension
iib
d. supervision of the general insurance market
Ans - c
.ja
.............................................
Which of the following have been created to provide long term funds for industry or
w
agriculture:
a. mutual funds
w
b. financial institutions
c. asset management companies
w
d. non-bank finance companies
Ans - b
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Which of the following function is not carried out by RBI?
m
a. bank of govt.
b. raising deposits from public
o
c. lender of last resort to banks
d. management of Govt Debt
.c
Ans -b
st
.............................................
te
Which of the following is an important reason for regulation of banking system?
a. to promote confidence of public in banking system
k
b. to protect interest of the investors oc
c. to ensure that the financial markets are efficient and transparent
d. all the above
m
Ans - d
.............................................
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Which of the following is not covered under selective credit control, at present:
ca
a. sugar
b. buffer stocks of sugar
c. unreleased stocks of sugar with sugar mills representing free levy sugar
iib
d. none of above
Ans -a
.ja
.............................................
Against which type of following security, the banks can sanction loans:
w
a. commercial paper
b. certificate of deposit
w
c. FDR issued by other bank

d. none of above
w
Ans - d
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The rate at which RBI purchases or rediscounts bill of exchange or other eligible commercial
instrument from banks is called:
m
a. repo rate
o
b. reverse repo rate
c. MSF rate
.c
d. bank rate
st
Ans - d
.............................................
te
Which of the following is no more used by RBI as a tool for regulation?
k
a. credit rationing or credit allocation oc
b. credit authorization scheme
c. inventory and receivables norms
d. all the above
m
Ans - d
.............................................
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Co-operative Banks can lend to the extent of ...... % on any day in the call/notice money market.
ca
a. 1
b. 2
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c. 3
d. No limit
.ja
Ans - d
.................................................
w
An award of banking ombudsman is;
a. a judicial decision.
w
b. an arbitrarily order
c. an order on the bank .
w
d. an appeal to the bank
Ans - a
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The minimum tenor of issue of ICDs can be ...... days.
m
a. 1
b. 7
o
c. 14
d. 30
.c
Ans - a
st
.................................................
te
Which of the following are the norms of awarding compensation by the banking ombudsman ?
a. banking ombudsman does not have unlimited powers to allow compensation.
k
b. the maximum limit of compensation is Rs. 10 lac oc
c. no compensation will be awarded in excess of that which is necessary.
d. all the above
m
Ans - d
.............................................
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Interest rate futures were launched with a minimum value of Rs. ...... lakh/s.
ca
a. 1
b. 2
c. 3
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d. 4
Ans - b
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.................................................
The banking ombudsman scheme 1995 was amended in

w
a. 2000
b. 2001
w
c. 2002
d. 2004
w
Ans - c
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BCSBI has been set up on the recommendations of ...... Committee.
m
a. Jankiraman
b. Narasimhan
o
c. Tarapore
d. Rangarajan
.c
Ans - c
st
.............................................
te
Inter-Bank Term money means, borrowings among banks for ......
a. 1 day
k
b. 2-14 days oc
c. more than 14 days
d. None of these
m
Ans - c
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Under forfaiting, the exporter is able to transfer ...... risk.

ca
a. Credit
b. Political
c. Interest Rate
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d. All the above
Ans - d
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.............................................
The combination of two or Companies into a single Company where one survives with it’s name
w
(or a combined new name. and others lose their corporate existence is known as
a. Merger
w
b. Diversification
c. Combination
w
d. Amalgamation
Ans - b
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A formal and mutually agreed commercial collaboration between Companies is known as
m
a. Merger
b. Amalgamation
o
c. Strategic Alliance
d. Subsidiary
.c
Ans - b
st
.............................................
te
Mandate given by the illiterate account holder should be
a. Attested by manager who confirms and certifies thee same.
k
b. Attested by Notary public or Magistrate. oc
c. It is enough if we ask for a Mandate letter with LTI which has to be attested an authorised
official.
d. We cannot accept a mandate from an illiterate customer at all.
m
Ans - b
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National Clearing Cell of the RBI is located in ......

ca
a. Mumbai
b. New Delhi
iib
c. Calcutta
d. Chennai
.ja
Ans - a
.............................................
w
Data related to crime does not incorporate
a. Data Didling
w
b. Data Spying
c. Data Leakage
w
d. Data Mining
Ans - d
.............................................
…………………………………………………………………………………………………………………………………………………………………
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The management level responsible for making long range strategic decisions about which
products and services to produce is the ......
m
a. Technology Level
o
b. Application Level
c. Operational Level
.c
d. Top Level
st
Ans - d
.............................................
te
CHIPS system is set-up in ......
k
a. USA oc
b. UK
c. Hong Kong
d. Brazil
m
Ans - a
.............................................
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Which of the following is not a function of RBI?

ca
a. Managing Govt Debt

b. Bankers to Govt
iib
c. Raising deposit from public

d. Lender of last resort to banks
.ja
Ans - c
.............................................
w
Which is the main fund transfer system in the USA?
a. Bankwire
w
b. Fedwire
c. POS
w
d. None of these
Ans - b
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A joint account is operated by A and B as both or survivor. A dies and a cheque signed by A and
B are presented for payment. The cheque
m
a. Can be paid.
o
b. Can be paid after getting confirmation from B.
c. Can be paid after getting the consent of the legal heirs of A.
.c
st
Ans - b
.............................................
te
Export credit target for domestic commercial banks is ...... of ANBC.
k
a. 10 % oc
b. 12 %
c. 20 %
d. None of these
m
Ans – d
.............................................
iib
Export credit target for foreign banks is ...... of ANBC.

ca
a. 10 %
b. 12 %
iib
c. 20 %
d. None of these
.ja
Ans - b
.............................................
w
HNI stands for ......
a. Hindustan National Investment

w
b. High National Investment

c. High Net worth Individual
w
Ans - c
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Which of the following is the internal factor influencing pricing?
m
a. Price elasticity of the demand of the product
b. Competitors’ policy
o
c. Bargaining power of suppliers
d. Social considerations
.c
Ans - a
st
.............................................
te
Markup pricing comes under which of the pricing method?
a. Value-based pricing
k
b. Cost-based pricing oc
c. Competition-based pricing
d. Going rate pricing
m
Ans - b
.............................................
iib
A charge created on the assets of the Company is required to be registered with RoC within
how many days?
ca
a. 30 days from the date of sanction

b. 60 days from the date of sanction
iib
c. 30 days from the date of creation of charge

d. 60 days from the date of creation of charge
.ja
Ans - c
.............................................
w
Which one of the following doesn't come under the functions of RBI in India?
a. Regulating the Money Market

w
b. Supervision over NBFCs

c. Supervision over FIIs
w
d. Management of Payment System
Ans - c
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Public relation means building good relations with ......
m
a. Consumers
b. Suppliers
o
c. Shareholders
d. All the above
.c
Ans - d
st
.............................................
te
There are ...... stages in the buyers readiness level.
a. Three
k
b. Four oc
c. Five
d. Six
m
Ans - d
.............................................
iib
Banks are to keep a close watch on large size cash transactions (debit/credit) of amount ...
ca
a. 10 Lakhs and above

b. Above 10 Lakhs
c. Above 2 Lakhs
iib
d. 2 Lakhs and above
Ans - a
.ja
.............................................
Which of the following sets refers to the order or sequence of marketing management
w
functions?
a. Control – implementation – market planning

w
b. Market planning – control – implementation

c. Implementation – control – market planning
w
d. Marketing planning – implementation - control
Ans - d
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The mental act, condition or habit of placing trust or confidence in another shows which of the
following options?
m
a. Motive
o
b. Belief
c. Behavior
.c
d. Attitude
st
Ans - d
.............................................
te
Which of the following is not true in respect of Joint Hindu Family?
k
a. It is governed by two schools of Hindu law – Dayabhaga & Mitakshara
oc
b. Under Mitakshara, every son/daughter of a coparcener acquire a right in JHF by birth
c. Under Dayabhaga School he/she acquires the right in JHF only after father’s death
d. All members of the family are called coparceners including mother and daughter-in-law
m
Ans – d
.............................................
iib
Two firms are said to be identical when

ca
a. Partners of the two firms are same

b. When the two firms have some common factors
iib
c. When the activity is same

d. When the address is same
.ja
Ans - a
.............................................
w
Which of the following is not true in respect of Guardian to Minor?
a. Guardian of Illegitimate minor child – Mother

w
b. Guardian of Hindu married minor girl – Girl’s Father-in-law, If Husband Minor

c. Testamentary Guardian becomes effective after death of father and mother
w
d. Natural Guardian varies from religion to religion
Ans - b
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Who is the Governing Body for the New Pension Scheme?
m
a. SEBI
b. RBI
o
c. FMC
d. PFRDA
.c
Ans - d
st
.................................................
te
Which Consultancy Company is working on Restructuring the Financial and other Operations of
NABARD?
k
a. McKinsey oc
b. Standard & Poors
c. Ernst & Young
d. Boston Consultancy Company
m
Ans - d
.................................................
iib
The term 'hot listed card' refers to ...... (i) lost card, (ii) stolen card (iii) misplaced card
ca

iib

.ja
Ans - d
.............................................
w
Which of the following Act give/s legal recognition to a digital signature? (i) Information
Technology Act, (ii) Indian Evidence Act
w
a. Only (i)
b. Only (ii)
w

Ans – a
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If a complainant does not get satisfactory response from the bank within ___ days from the
date of his lodging the complaint, he will have the option to approach the Office of the
m
concerned Banking Ombudsman for redressal of his grievance.
o
a. 15 Days
b. 30 Days
.c
c. 45 Days
d. 60 Days
st
Ans - b
te
.................................................
The term VSAT stands for ...... (i) Variable small aperture terminal, (ii) Very small aperture
k
terminal oc
a. Only (i)
b. Only (ii)
m
iib
Ans - b
.............................................
ca
The frauds and other kind of crimes that happen on the internet network are called ...... (i)
Internet crimes, (ii) Cyber crimes
iib
a. Only (i)
b. Only (ii)
.ja

w
Ans - b
.............................................
w
Which of the following incident can be treated as part of the cyber crime activity? (i) Misusing a
credit card, (ii) Transmitting unlawful data from one part of the globe to another (iii) Using the
w
network for drug trafficking

…………………………………………………………………………………………………………………………………………………………………
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m
Ans - a
o
.............................................
.c
The firewall technology is not used in connection with ...... (i) Physical safety, (ii) authorised
access, (iii) Protection of computer network from intrusion by hackers
st
te
k
Ans - a
.............................................
oc
m
Use of computer can be traced through a process which is called as ...... (i) Computer audit, (ii)
Audit trail
iib
a. Only (i)
b. Only (ii)
ca

iib
Ans - b
.............................................
.ja
The payment system in which there is a single debit and multiple credit ...... (i) Electronic
clearing service, (ii) SWIFT (iii) Payroll Processing
w

w

w
Ans - B
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Encoding the contents of a message in such a way that hides the contents from outsider is not
called as ...... (i) encryption, (ii) decryption, (iii) cryptography
m
o
.c
st
Ans - c
.............................................
te
The part of the computer that makes use of primary memory:
k
a. storage unit oc
b. central processing unit
c. output devices
d. all the above
m
Ans - b
.............................................
iib
Which of the following products in retail banking do not fall under retail deposit products?
ca
a. no frill accounts
b. deposit accounts of senior citizens
iib
c. depository services
d. all the above
.ja
Ans - c
.............................................
w
Transferee will not get a better title than that of the transferor in ...... crossing. (i) Payees
account only, (ii) Not Negotiable
w
a. Only (i)
b. Only (ii)
w

Ans – b
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Lien is not a/an ...... of the creditor to retain possession. (i) right, (ii) obligation, (iii) instrument
m
o
.c
Ans - c
st
.............................................
te
Locker operated by A & B with either or survivor instructions. Nomination done by A in favour
of X. A dies. Y is the son of A. Payment will be made to (i) B, (ii) X, (iii) X & Y
k
a. Only (i) oc
b. Only (i) and (ii)
c. Only (iii)
d. (i) and (iii)
m
Ans - a
.............................................
iib
Which of the following is value added service as part of wholesale banking?

ca
a. structured finance
b. channel financing
iib
c. supply chain management

d. letter of credit
.ja
Ans - b
.............................................
w
The negotiable financial instrument which is traded on a stock exchange of another country but
represents security issued by foreign listed company is called:
w
a. buyers credit
b. depository receipt
w
c. cross listed stock

d. participatory note
Ans – b
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Market research is useful for ...... (i) Deciding proper marketing strategies, (ii) Deciding the
selling price, (iii) Choosing the right products
m
o
.c
st
Ans - d
.............................................
te
Customization does not mean ...... (i) acquiring more customers, (ii) special products to suit
each customer, (iii) more products per customer
k
oc
m
Ans - b
iib
.............................................
ca
Bancassurance can be sold to ......
a. All banks
iib
b. All insurance companies

c. Insurance Agents
d. All existing and prospective bank customers
.ja
Ans - d
.............................................
w
Bank A allows one of its clients to withdraw against clearing of a cheque. The banker is called.....
w
a. Collecting banker
b. Holder in due course
w
c. Holder for value

d. Paying banker
Ans – c
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Modern style of marketing include ...... (i) digital marketing, (ii) tele-marketing, (iii) e-mails
solicitation
m
o
.c
st
Ans - d
.............................................
te
Temporary financial assistance availed by a State Government from Reserve Bank of India is
called as ......
k
a. Overdraft
b. Temporary loan
oc
c. Short term finance
m
d. Ways and Means advance
Ans - d
iib
.............................................
ca
iib
.ja
w
w
w
…………………………………………………………………………………………………………………………………………………………………
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m
ALL THE VERY BEST FOR YOUR EXAMS
o
.c
st
k te
SAMPLE QUESTIONS FOR
oc
JAIIB
m
PRINCIPLES & PRACTICES OF BANKING

iib
ca
iib
.ja
w
w
This collection of questions are contributed by so many persons. First of all we thank all of them
for their valuable contribution. Though we had taken enough care to go through the questions,
w
we request everyone to update yourself with the latest information through RBI website and
other authenticated sources. In case you find any incorrect/doubtful information, kindly update
us also (along with the source link/reference for the correct information).
…………………………………………………………………………………………………………………………………………………………………

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PRINCIPLES & PRACTICES OF BANKING

Principles & Practices of Banking

Example of semi-duplex mode of communication is ......

A Co-Operative Bank operating in different States are regulated by:

According to Companies Act, maximum duration of financial year is ......

d. 15 months which can be extended upto 18 months

account will be payable to ...... on the death of A

a. Jointly to B and Nominee D

b. Jointly to B and legal heirs of A

a. Only (i) and (ii)

b. Only (i) and (iii)

Cross-selling is a basic function of ......

The functions of the distribution channel do not includes ......

a. Helping the company to do demand forecasting

Funds and securities pay-in and pay-out are carried out on

Idea Screening is the first stage of ......

The Capital Adequacy Ratio is :

Home banking is an example of ......

'Orient your needs to your sales', is a ......

a. Only (i) and (ii)

d. (i), (ii) and (iii)

Which of the following is not an implied power of a partner in a partnership firm?

a. To sell/pledge movable goods on account of partnership

a. Jointly to legal heirs of A & B

A collecting bank gets statutory protection under:

c. Negotiable Instruments Act

d. Both (i) and (ii)

Marketing ...... the customer requirements. (i) identifies, (ii) satisfies

c. Either (i) or (ii)

The key challenge to market-driven strategy is ......

a. Selling maximum products

b. Employing maximum DSAs

c. Either (i) or (ii)

d. Neither (i) nor (ii)

intervention (ii) after notice to borrower for recovery of its dues.

a. holder for value

c. agent and principal

Corporate Bonds usually carry a rating from ...... to ......

RBI notifies CRR under _________ Act

a. Section 24 of the Banking Regulation Act

d. Section 42 of the RBI Act

Which of the following is not true in respect of Minor?

d. A minor cannot ratify the contracts on his attaining majority

a. Yes, by affixing his Thumb Impression on form DA1 without witness

Nomination is not allowed in which of the following cases?

a. Individual Resident A/c

d. Accounts held in Representative Capacity

Facility of Nomination has been introduced in Banks on recommendations of which committee?

d. (i), (ii) and (iii)

a. Can be opened for literate and illiterate Pardanashin woman

d. Can be opened illiterate Pardanashin woman only

Which of the following is not true in respect of Administrators?

a. Appointed by a testator through a will

b. Appointed by Court in absence of a will to act through Letter of Administration

Garnishee Order is issued by the ...... (i) Court, (ii) IT Dept

body corporate and give a guarantee upto ......

a. 60% of its paid-up share capital and free reserves

b. 100% of its free reserves

According to Companies Act, maximum duration of financial year?

Nomination is defined under which Act?

a. Creditors of firm cannot sue an unregistered firm

In which of the following locker accounts nomination is allowed?

A probate issued by a High Court is valid __ and is applicable to _