61. Which of the following does the DICGC insure in the event of a bank failure?
a. Deposits of foreign Govts b. Deposits of Central/State Govts
c. Inter-bank deposits
d. Deposits of the State Land Development Banks with the State Cooperative banks.
e. None of these
62. The Banking Ombudsman is senior official who redresses customer complaints against
Ombudsman is appointed by
a. the Reserve Bank of India b. the Finance Ministry c. the Governor of the state
d. the High court of the state e. None of these
63. A Banking Ombudsman will not entertain a complaint if the compensation sought by
The complainant is beyond
a. 2 lakh b. 5 lakh c. 10 lakh d. 20 lakh e. 50 lakh
64. Who among the following is the present President of the World Bank?
a. Margaret Chan b. Robert Zoellick c. Ophelia Dahl
d. Jim Yong Kim e. Paul Farmer
65. While participating in some international organisations and international events, the name
Chinese Taipei is used by
a. Taiwan b. Hong Kong c. Tibet d. Mongolia e. None of these
66. What is the meaning of a scheduled bank?
a. The bank incorporated under the Banking Companies Act 1956
b. The bank authorized to do banking functions
c. The bank included in the Second Schedule of the RBI Act 1956
d. None of these
67. As per the provision of the RBI Act, what is the highest-denomination banknote that the
Central bank can issue?
a. 2000 c. 5000 d. 10000 e. 20000
68. Which of the following is NOT a negotiable instrument?
a. National Savings Certificate b. Promissory note c. Bill of exchange
d. Demand draft e. Cheque
69. One of the primary functions of the RBI is to control the supply as well as the cost of credit
in the country. One of the tools it uses for the purpose is Cash Reserve Ratio (CRR). Which
of the following statements is/are NOT correct about CRR?
a. Under CRR a certain percentage of the total bank deposits has to be kept in the current
account with the RBI.
b. Banks do not earn anything on the money parked under CRR.
c. Banks are allowed to lend the money parked under CRR to individual borrowers but not
to commercial borrowers.
d. The current CRR is 4 per cent.
e. None of these
70. A market where investors purchase securities or assets from issuing companies themselves,
is known as
a. Primary Market b. Secondary Market c. Tertiary Market
d. Services Market e. None of these
71. According to a paper published recently in the journal Climate Dynamics, the Indus basin
Is projected to warm with average temperatures set to increase by around…………
by 2080.
a. 0. C b.
72. Under the Liberalised Remittance Scheme, all resident individuals, including minors, are
allowed to freely remit up to USD 125,000 per financial year. Remittances directly or
indirectly to which of the following countries is NOT allowed under the scheme?
a. Sri Lanka b. Afghanistan c. China d. Bhutan e. None of these
73. Gilt funds are mutual fund schemes floated by asset management companies (AMCs)
with exclusive investments in
a. Govt securities b. Blue-chip companies c. Foreign market
d. IT companies e. None of these
74. Some Non-Banking Financial Companies (NBFCs) are said to be systemically important
NBFCs. For being a systemically important NBFC, its asset size as per last audited balance
Sheet should be ………… or more.
a. 100 cr b. 200 cr c. 500 cr d. 1000 cr e. None of these
75. Which of the following is NOT correct with respect to Statutory Liquidity Ratio (SLR),
a tool used by the RBI?
a. It is the amount a commercial bank needs to maintain in the form of cash or gold or govt
approved securities (Bonds) before providing credit to its customers.
b. It is determined and maintained by the RBI in order to control the expansion of bank
credit.
c. The RBI can ensure the solvency of a commercial bank with SLR.
d. The RBI compels is the commercial banks to lend to priority sector through SLR.
e. None of these
76. What is the maximum number of the ‘Basic Savings Bank Deposit Account’ that an
Individual can maintain with a bank?
a. One b. Two c. Three d. Five e. Any number of accounts
77. What is India’s ranking in the latest annual ranking of the Global Peace Index?
a. 161st b. 154th c.143rd d. 134th e. None of these
78. Which of the following industrial groups in India has announced to invest 1.8 lakh cr
($30 bn) across business over the next three years with an aim to break into the Fortune
50 club?
a. Tata Group b. RIL c. Bharti Airtel d. Essar Group e. None of these
79. Sri Lankan parliament overwhelmingly voted not to allow which of the following recently?
a. Voting rights to the minority Tamil community
b. The foreign assistance in building infrastructure in devastated Tamil-majority areas
c. The UNHRC team into the country to investigate alleged human rights abuses during the
last phase of the civil war against the LITE
d. Opening up different sectors of country’s economy to the foreign direct investment (FDI)
e. None of these
80. The capital markets regulator SEBI cleared a slew of reforms recently. Which of the
following is NOT among these reforms?
a. It has made it mandatory for all listed PSUs to have at least 25 per cent public
share holding within three years.
b. It proposed easing of the Offer For Sale (OFS) norms wherein retail investors would be
provided with 10 per cent reservation.
c. Non-promoters with more than 10 per cent stake in the company would be allowed to tap
the OFS route.
d. It has asked not to share KYC (Know Your Client) information with entities regulated by
other financial-sector watchdogs.
ANSWERS
1. e 2. c 3. b 4. d 5. b 6. c 7. c 8. b 9. d 10.c 11. d 12. b 13. d 14. e
15 .d 16. a 17. d 18.c 19.b 20. e 21. b 22. d 23. e 24. b 25. a
26. a 27. d 28. d 29. e 30. d 31. d 32. c 33. b 34. c 35. e 36. a
37. c 38. b 39. b 40. d 41. a 42. c 43. c 44. a 45. b 46. b 47. d
48. c 49. e 50. b 51. a 52. d 53. d 54. a 55. a 56. b
57. c 58. b 59. c 60. c 61. e 62. a 63. c 64. d 65. a 66.c
67.d 68. a 69.c 70. b 71. e 72. d 73.a 74. a 75. d 76. a
77. c 78. b 79. c 80. d
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