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Foreign Exchange Market is regulated by? K.V. Gnana Kumar Director, DBS, Hyderabad

Model Questions 1. Which programme was launched by Government of India to improve irrigation facilities in rural India? a) Annapurna Scheme b) National Social Assistance Programme c) Integrated Rural Development Programme d) Sampoorna Grameen Rozgar Yojana e) National Watershed Development Programme 2. Which of the following Committees/ Task force was set up to suggest reforms in Banking Sector? a) Task Force on Infrastructure b) Narasimham Committee c) Rajinder Sachar Committee d) Swaminathan Committee e) None of these 3. SEBI Tightens Consent norms was the headline in some papers/ magazines recently. Where is the headquarters of SEBI is located? a) Hyderabad b) Bhopal c) Mumbai d) Ahmedabad e) Chennai 4. Which of the following are correct? a) NABARD supervises Regional Rural Banks and State & District Rural Co-op Banks b) NHB Regulates Housing Finance Companies c) SIDBI regulates State Finance Corporations (SFCs) d) The sponsoring Bank for Telangana Grameena Bank is SBH e) All of the above 5. Which of the following statements is true about Rashtriya Swasthya Bima Yojana launchend by the Government of India? a) This scheme is only for children up to 14 years of age b) Scheme was launched in 1983 but was withdrawn in 2000 c) In 12th Five Years Plan, about 7 crore families will be provide insurance cover under the scheme d) All those who are above 60 will be provided insurance cover of Rs. 10 lakh e) None of these 6. What does the letter "C" denote in the term "CBS" as used in banking operations? a) Central b) Critical c) Commercial d) Core e) Capital

7. Which of the following term is NOT associated with banking/ finance? a) RTGS b) SLR c) Repo Rate d) Credit e) None of the above 8. CRIS is one of the is India's rating index developed by Ministry of Finance. CRIS Stands for: a) Competitive Rating Index of Sovereigns b) Comparative Rating Index of Sovereigns c) Consistent Rating Index of Sovereigns d) Corporate Rating Index of Sovereigns e) Credit Rating Information System 9. Which of the following is NOT the name of the currency of a country? a) Rand b) Pound c) Dinar d) Rang e) Dollar 10. Financial Market mainly comprises of: a) The Credit Market b) The Money Market c) The Equity and Debenture Market d) The Corporate Debt Market e) All of the above 11. Foreign Exchange Market is regulated by: a) Ministry of External Affairs b) Ministry of Finance c) Reserve Bank of India d) Director General of Foreign Trade e) None of the above 12. Which of the following are true regarding Government Securities Markets (G-SECs)? a) Government Securities are bought and sold b) It is also called as Gilt - Edged Securities Market c) Securities are issued in the form of Bonds d) Buyers of such bonds are Banks, Insurance companies, Individuals etc e) All of the above 13. Which bank has sold 18 per cent share in the joint venture (with Star Union Dai-ichi Life Insurance Company Ltd.) to its Japanese partner? a) Indian Bank b) Union Bank of India c) United Bank of India d) Bank of India e) Bank of Maharashtra 14. Who among the following Economists are picked up by the government from the academic world for a new monetary policy committee to set interest rates, as the Reserve Bank of India (RBI) gets ready for a landmark switch

BANK POs, Clerks

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Banking Specia Awareness

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in the way it decides policy? a) Chetan Ghate, a professor at the Indian Statistical Institute b) Pami Dua, a director at the Delhi School of Economics c) Ravindra Dholakia, a professor at the Indian Institute of Management, Ahmedabad d) Dr. C. Rangarajan, an illustrious Governor of the Reserve Bank of India between 1992 and 1997 e) a, b & c What are the unique features of "Kotak Now" - an application launched by Kotak Mahindra Bank? a) It would allow new customers to open an account in a simpler and cost - effective manner b) This is for the first time that a domestic private sector lender has come up with such a facility, where a customer can open a bank account using its application c) This is an end-to-end application wherein a customer will be able to open a bank account within 10 minutes d) No worry about visiting a branch or any other merchant e) All of the above Which of the following are correct in respect of Certificate of Deposits? a) There is no lock-in period for certificates of deposit b) Banks/ FIs cannot grant loans against CDs c) They cannot buy back their own CDs before maturity d) Banks need to maintain Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR), on the issue price of the CDs e) All of the above Which Nationalised Bank has recently raised Rs.1000 crore, to add as Basel III - compliant capital? a) Punjab National Bank b) Bank of Baroda c) Oriental Bank of Commerce d) Central Bank of India e) Dena Bank Which of the following banks has asked its customers whose accounts are due for KYC update to do so by October 1, failing which

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it may block all their banking transactions? a) Andhra Bank b) Central Bank of India c) Vijaya Bank d) Punjab National Bank e) Canara Bank Which bank has received Rs. 608 crore capital infusion from the government? a) Union Bank of India b) United Bank of India c) Vijaya Bank d) Indian Bank e) Bharatiya Mahila Bank Which of the following are dealt with in Money Markets? a) Treasury Bills b) Commercial Paper c) Certificate of Deposit d) Call Money e) All the above All India Financial Institutions consists of: a) IDBI b) IFCI c) SIDBI d) Infrastructure Development Finance Corporation (IDFC) e) All of the above What are the quantitative measures of credit control tools of RBI? a) CRR b) SLR c) LAF (Liquidity Adjustment Facility) d) Repo & Reverse Repo e) All of the above RBI has reduced the Repo rate by ___ as per the latest monetary policy Review? a) 0.25% b) 0.50% c) 0.75% d) 1.00% e) No change According to legal Framework of Reserve Bank of India, which acts are called Umbrella Acts? a) RBI Act 1934 b) Banking Regulation Act 1949 c) Negotiable Instruments Act 1881 d) Foreign Exchange Management Act 1999 e) Only a & b Universal Banking means offering different types of financial products like: a) Banking b) Insurance c) Mutual Funds d) Capital Market related products e) All of the above The main legislations pertaining to Capital Market are: a) SEBI Act 1992 to protect investors b) The Securities Contract (Regulation) Act 1956 c) The Depositories Act 1996 d) The Companies Act 1956 – Amended in 2013 e) All of the above An efficient and effective Payment and Settlement system is a necessary condition for a well running Financial System. Under

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which of the following legislation does RBI control PS system in India? a) RBI Act 1934 b) BR Act 1949 c) PSS Act 2007 d) Negotiable Instruments Act 1881 e) None of the above Which of the following is a "Collective Investment" that pools money from investors and invests in Stocks, Debt and other Securities? a) Community Fixed Deposits b) Stocks c) Collective Investment Plans d) Mutual Funds e) Only a & b Provisioning is a mandatory requirement for ____: a) NPA b) Standard Assets c) All assets whether performing or non performing d) Non fund based assets only e) Provisioning is not mandatory An NRO a/c cannot be opened by which of the following? a) An NRI b) A resident Indian c) A PIO d) A foreign national on short visit to India e) Only a & d Remittances under Liberalised Remittance scheme is permitted for ____: a) Partnership Firm b) NRIs c) Resident Individuals d) Only a & b e) All of the above An American citizen marrying an Indian employed in New York will be considered as: a) Resident b) NRI c) PIO d) a & b e) None of the above Which of the following specialised Financial Institutions has not been created by RBI? a) National Bank for Agriculture and Rural Development (NABARD) b) Deposit Insurance and Credit Guarantee Corporation of India (DICGC) c) National Housing Bank (NHB) d) MUDRA Bank e) None of the above KEY 1) e 6) d 11) c 16) e 21) e 26) e 31) c

2) b 7) e 12) e 17) c 22) e 27) c 32) c

3) c 8) b 13) d 18) d 23) a 28) d 33) d

4) e 9) d 14) e 19) a 24) e 29) c

5) c 10) e 15) a 20) e 25) e 30) b