Hello and welcome to exampundit . Here is a set of Banking & Financial Awareness Quiz for RBI Grade B Phase I and UBI PO Exams 2016.
1. What is the minimum capital requirement for setting up a normal commercial bank as per the RBI guidelines?
(a) Rs 100 cr
(b) Rs 200 cr
(c) Rs 400 cr
(d) Rs 500 cr
(e) None of these
2. Which of the following is the safest from of crossing-
(a) Double crossing
(b) Special crossing
(c) Account payee crossing
(d) General crossing
(e) None of these
3. Which development financial institution integrated with a bank?
(a) IFCI Ltd.
(b) NHB
(c) ICICI Ltd.
(d) IIFCL
(e) None of these
4. The Merchant banking activity in India is governed by _____
(a) RBI
(b) SEBI
(c) IRDA
(d) Both 1 and 3
(e) None of these
5. Which of the following is a Non-Banking Financial Company ?
(a) SBI
(b) Muthoot Finance
(c) ICICI
(d) Peerless Finance
(e) None of these
6. Who is the Major shareholder in NABARD?
(a) Central Government
(b) SBI
(c) RBI
(d) State Cooperative Bank
(e) None of these
7. How does a bank establish the identity of a customer?
(a) By following KYC Norms
(b) By taking AADHAR card copy
(c) By getting introduction of an existing customer
(d) All of the above
(e) None of these
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8. Which of the following is a prerequisites for transfer of a negotiable instruments?
(a) Acceptance
(b) Crossing
(c) Mere delivery or indorsement and delivery
(d) Blank Indorsement
(e) None of these
9. Which of the following is true about co-operative banks?
(a) They have profit as their main motive
(b) They are established under the cooperative societies act
(c) All are scheduled bank
(d) All of the above
(e) None of these
10. Which Nationalized bank was the first to sponsor a regional rural bank in India ?
(a) Union Bank of India
(b) Central Bank of India
(c) Syndicate Bank
(d) SBI
(e) None of these
11. Banks are authorized to sell third party products. Which are these products ______
(a) Term deposits
(b) Mutual funds
(c) Debit cards
(d) Gift cheques
(e) None of these
12. Small savings scheme like national savings certificates, public provident fund, Monthly Income scheme are popular among the salaried people. Which Financial institutions manage these scheme ?
(a) Post Office
(b) Public Sector Banks
(c) Co-operative Banks
(d) Commercial Banks
(e) None of these
13. The interest rate at which the RBI lends to Commercial Banks in the short term to maintain liquidity its known as ___?
(a) Repo rate
(b) Interest rate
(c) Bank Rate
(d) Reverse repo rate
(e) None of these
14. Which of the following is not a method of credit control?
(a) Credit deposit ratio
(b) Bank rate policy
(c) Cash reserve ratio
(d) Open market operations
(e) None of these
15. Banks do not allow their customers to avail which of the following services under “Mobile Banking”?(If all allowed, then the Answer with option E)
(a) Loan Application
(b) Payment
(c) Money Transfer
(d) Balance Inquiry
(e) None of the above
Regards
Team ExamPundit
