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Banks in India can be classified under.. K.V. Gnana Kumar Director, DBS, Hyderabad

1. Co-operative Banks come under the control of RBI by virtue of certain provisions of: a) Reserve Bank of India Act 1934 b) Banking Laws (Application to Co-operative Societies) Act 1965 c) Banking Regulation Act 1949 d) Negotiable Instruments act 1881 e) All the above 2. Which among the following is part of the banking business under the provisions of section 6(1) of B R Act: a) Collecting and transmitting of money b) Negotiating loans and advance c) Acquiring and holding the investments d) All the above e) None of the above 3. Which one of the following is not Appropriate: a) A Commercial bank is prohibited in selling insurance products b) An urban co-operative bank can sell mutual fund products c) A Private Sector bank can issue a Credit card d) A Nationalized bank is permitted to accept articles under safe custody e) None of the above 4. Which kind of assistance is provided by EXIM Bank to Indian companies? a) Direct loans to exporters b) Technology services c) Consultancy services d) Credit for export of capital goods e) All the above 5. Banks in India can be classified under ______ categories: a) A body corporate constituted under a special statute b) Company registered under the companies act c) Foreign company d) a, b only e) All a, b and c 6. Central government can exempt a particular bank from the provisions of banking regulation act: a) On the recommendations of the RBI. b) If the central government is satisfied with the case c) If requested by the board of directors of the bank d) If unanimous resolution passed by shareholders of the bank e) All the above 7. Other than the Governor, Deputy Governors of RBI, the other directors are : a) Appointed b) Nominated c) Selected d) Elected e) Any of the above

8. Which of the following statements is not correct regarding nominations? a) Two or more persons can be nominated by a depositor or group of depositors. A Bank will have a full discharge of its liability if it makes the payment to the nominee. b) Bank is not obliged to receive any notice of claim from any other person other than the depositor c) The Bank will take due notice of any order or certificate from competent jurisdiction relating to deposits where nominee is appointed. d) Nominee should be individual and not an institution. e) Only a & b 9. Which of the following statements is correct? a) RBI approval is required for appointment of a chairman of a Bank. b) RBI is empowered to remove top managerial personnel of a Bank. c) RBI may appoint suitable person in place of the person so removed. d) Only b & c e) All the above 10. If RBI cancels the license of a bank, the bank has the remedy option of: a) Filling a review application before governor of RBI b) Filling an appeal with RBI after passing a general body resolution c) Appealing to central government d) Appeal after recommendations of general body and governor to central government e) Any of the above 11. Which of the following statements is correct? a) The RBI may decide the maximum amount of advance which a Bank may provide to one company or firm or individual. b) RBI may advice the Bank for which maximum amount of guarantee may be given to any one company or firm c) RBI is empowered to determine other terms and conditions to be followed by a Banking company while considering the loans and advances. d) Only b & d e) All the above 12. A bank has refused to open the account without any valid reasons. When the matter was referred to the Bank’s Regional Office, no response received even after two months. Then: a) The person can refer the ma-

tter to Banking Ombudsman. b) Even though he is yet to become the customer of the bank, he can refer the matter to Banking Ombudsman. c) Since he is the non customer he loses the right to refer the matter to Banking Ombudsman d) The person can refer the matter to the Head Office/ Corporate Office of the Bank

IBPS

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POs, Clerks Special Banking Awareness

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and then only can approach Banking Ombudsman e) None of the above Most of the banks have established ________ for giving focused attention to a particular aspect of banking: a) Specialized branches b) Large branches c) Medium branches d) Overseas branches e) None of the above If a co-operative bank fails, the depositors of such a bank is protected up to Rs.1 lakh subject to the provision that: a) The depositor is not having more than Rs.1 lac at the time of failure of the bank b) The bank has registered with the DICGC c) The depositor has is not having more than one deposit account d) The depositor has opted for insurance coverage specifically e) If the bank is paying Insurance Premium to LIC regularly Which of the following statements not correct? a) The Nationalized Banks may go to public to raise capital b) Public Sector Banks can raise foreign equity up to 49 per cent. c) Private Sector Banks can raise capital from the public d) Regional Rural Banks cannot raise capital from the public e) None of the above Which of the following is correct regarding Capital Adequacy ratio? a) The objective of Capital adequacy is to strengthen the financial stability of banks b) Capital is divided into two tiers, tier I and tier II c) Assets are assigned risk weight from 0-100 based on intensity of risk

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d) Only b is correct e) All the above What are the implications of moral suasion? a) It has only psychological advantage b) It has no legal sanction c) It may or may not be an effective tool d) It is only a trial of RBI to exercise its function to control the economic system e) All the above The limits for FPI investment in govt. securities (G-sec) will be raised in phases (by March 2018) to what per cent of the outstanding stock as per RBI? a) 2 % b) 3% c) 4% d) 5% e) 6% Which of the following agencies maintain RIDF (Rural Infrastructure Development Fund)? a) Ministry of Rural Development b) Reserve Bank of India c) NABARD d) SIDBI e) None of the above RBI announced in its fourth policy review on 29 September that India’s GDP growth for 2015-16 can be estimated as: a) 7.6 % b) 7.4% c) 7.2% d) 7.1% e) 6.9% Which of the following PSBs is NOT among the 8 public sector banks which received the capital infusion of Rs 13,955cr by the Central govt. recently? a) Andhra bank b) Corporation bank c) Dena bank d) Canara bank e) None of these The RBI has reduced the benchmark Repo rate on 29 September 2015 and present Repo rate is: a) 6.50% b) 6.25% c) 6.75% d) 7.75% e) 7.25% The gilt-edged security market is the market for which of the Following? a) Market for trading in gold b) Market for trading in silver c) Market for government securities d) Market for industrial securities e) None of the above Which of the following can be called as intermediary in the financial System? a) Insurance companies b) Banking companies c) Mutual funds d) Financial institutions e) All of the above Acceptance is required in the case of: a) Usance Bill b) Demand bill d) Demand Draft c) Cheque e) None of these Matured, but not paid, term

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deposits are treated as : a) Demand liability b) Time liability c) No liability d) Contingent liability e) None of the above Urban cooperative banks are controlled by: a) Registrar of societies b) State governments c) Reserve bank d) b & c e) None of the above A Cheque drawn in favour of Raju & Co. and endorsement is duly confirmed by the collecting banker. Will the paying banker get protection? a) Will not get, as endorsement is irregular b) Will get protection as endorsement is confirmed by the collecting banker c) Will get only if payee has rectified the action d) Paying banker is not concerned with the genuineness of endorsement e) None of the above The holder of a Negotiable instrument is Holder in due course if: a) He receives the instrument in good faith and without negligence b) He receives the instrument before its maturity c) He receives the instrument for lawful consideration d) All of the above e) None of the above An inchoate instrument is one which does not have: a) The Amount b) The Date c) Name of the payee d) Signature of the drawer e) a, b & c Leasing, Hire purchase and Bill discounting are the main functional domains of: a) NBFCs b) Banks c) Mutual funds d) Insurance Companies e) Only b & c A co-operative Bank operating in different states are regulated by : a) State co-operative societies Act b) Banking regulation Act c) Multi Unit Co-operative societies Act d) Banking Laws (application to co-operative societies) e) None of the above

KEY 1) e; 5) e; 9) e; 13) a; 17) e; 21) e; 25) a; 29) d;

2) d; 6) a; 10) c; 14) b; 18) d; 22) c; 26) a; 30) e;

3) a; 7) b; 11) e; 15) b; 19) c; 23) c; 27) d; 31) a;

4) e; 8) a; 12) a; 16) e; 20) b; 24) e; 28) a; 32) c.