MULTIPLE CHOICE QUESTIONS FOR PROMOTION EXAMS (MCQ 2)
1) EASE is based on……..action points.
A) 61
B) 62
C) 63
D) 64
E) 65
2) CERSAI has been set up under which Act.
A) SARFAESI-act
B) CGTMSE act
C) Transfer property act
D) Registration act
E) CERSAI Act
3) Bullion Dealers are categorized in as
per KYC guidelines.
per KYC guidelines.
A) High RISK
B) Medium RISK
C) Low RISK
D) Moderate RISK
E) None of the above
4) Maximum project cost for Business
(Service Sector) Under PMEGP scheme.
(Service Sector) Under PMEGP scheme.
A) Rs.20 lakh
B) Rs.15 lakh
C) Rs.10 lakh
D) Rs.18 lakh
E) Rs.50 lakh
5) CRR is defined under.
A) Section 31 of RBI Act
B) Section of 35 of RBI Act
C) Section 42 (1) RBI Act
D) Section of 35 of BR Act
E) None of the above
6) Cash payment of Rs.20,000 and above in
case of FDR is restricted under which Act.
case of FDR is restricted under which Act.
A) IT act – u/s 269 T
B) IT act – u/s 296 T
C) RBI act – u/s 269 T
D) BRA act – u/s 269 T
E) There is no such restriction
7) Protection to Paying Bank in case of
material alteration.
material alteration.
A) NI act U/s 98
B) NI act U/s 89
C) NI act U/s 198
D) NI act U/s 133
E) NI act U/s 138
8) Regulatory authority of Mutual Funds.
A) SEBI
B) RBI
C) IRDA
D) FICCI
E) MFAI
9) Bank rate is.
A) RBI grants loans to Government
B) Banks receives interest on their CRR deposit
C) RBI lends money to other banks or financial
institutions
institutions
D) Banks extend loans at this rate to their prime
customers
customers
E) None
10) SWIFT is.
A) It is remittance package created by RBI
B) This is unique gate way provide to NRIs
C) It is a platform to remit money from overseas
D) Society for Worldwide Interbank Financial
Telecommunication
Telecommunication
E) None of the above
11) START-UP INDIA.
A) Started by Government of India with Initial corpus
2500 Cr.
2500 Cr.
B) Total corpus of 10000 Cr for 4 years
C) Promoting bank financing for start-up ventures to
boost entrepreneurship and encourage startups with jobs creation
boost entrepreneurship and encourage startups with jobs creation
D) All the above
E) None of the above
12) Cash kept in currency chest is owned
by.
by.
A) Currency chest branch
B) SBI
C) RBI
D) Respective state government
E) Respective Bank
13) Stand by Letter of credit (L/C) is like
a ………….
a ………….
A) Bank guarantee
B) LC issued by PSB
C) Letter of comfort
D) Red clause LC
E) Revolving LC
14) Minimum amount can be remitted through
RTGS is.
RTGS is.
A) No cap
B) 50000
C) 2 lakh
D) 1 lakh
E) 5 lakh
15) In CTS, Image Replace Document (IRD)
means.
means.
A) An authenticated copy of a cheque
B) Cheque sent for collection
C) Truncated cheque
D) Cheque received for collection
E) None of the above
16) What is present rate of interest RBI
pays on CRR balance.
pays on CRR balance.
A) Bank rate
B) 4%
C) NO interest
D) Repo
E) 3.50%
17) CRR is maintained on …………
A) NDTL (net demand & time liabilities)
B) Gross loans & advance
C) Gross deposit
D) CASA deposit
E) Incremental Deposit
18) Under Agri Clinic scheme the maximum
loan limit for individual is.
loan limit for individual is.
A) 20 lac
B) 10 lac
C) 30 lac
D) 50 lac
E) 25 lac
19) Unspent foreign currency can be
retained up to.
retained up to.
A) 6 months
B) 3 months
C) 9 months
D) 12 months
E) 24 months
20) DSCR is.
A) Debt service coverage ratio
B) Debt service current ratio
C) Debt support coverage ratio
D) Debenture service coverage ratio
E) None of the above
21) Current ratio is 4:1, NWC Rs.60000.
find the amount of Current asset.
find the amount of Current asset.
A) 20000
B) 80000
C) 48000
D) 12000
E) 40000
22) Banking is defined in.
A) BR Act 5 (b)
B) BR Act 5 (n)
C) RBI 5 (n)
D) RBI 5 (b)
E) KYC-AML Act
23) Break Even Point (BEP).
A) Point of No profit No loss
B) Point where Company starts witnessing loss
C) Threshold limit of company fixed by ROC at time of
registration
registration
D) Point of sales where all the variable cost of the
unit is recovered
unit is recovered
E) None of the above
24) Under Special Crossing, protection to
bank is available under Section.
bank is available under Section.
A) 125 of NI act
B) 128 of NI act
C) 124 of NI act
D) 126 of NI act
E) 135 of NI act
25) Who is regulator of Export &
Imports?
Imports?
A) DGFT (Director General of foreign trade)
B) DGEI (director General of Export & Imports)
C) Director General EXIM
D) Dy Governor of RBI
E) None
26) What is noting?
A) Dishonored B/E noted from notary
B) Noting on the back of cheque by drawer
C) Certificate issued by Notary public
D) Anything noted down on back of cheque
E) None
27) Current account operated by finance
director dies. Status of the cheque signed by him.
director dies. Status of the cheque signed by him.
A) Can be paid
B) Return with note – drawer diseased
C) Can be paid subject to ratification by members
D) Can be paid if cheque is presented within one month
of demise
of demise
E) None
28) Banker customer relationship in
standing instruction.
standing instruction.
A) Agent: principal
B) Debtor: creditor
C) Lessor: lessee
D) Bailer: Bailee
E) Principal: Agent
29) Abbreviation for UCPDC.
A) Uniform customs & practices for documentary
credit
credit
B) Uniform codes& practices for documentary credit
C) Uniform customs & procedures for documentary
credit
credit
D) Uniform customs & practices for domestic credit
E) Uniform practices for documentary credit
30) FCNR (B) deposit.
A) CASA deposit
B) Only term deposit
C) Time & demand deposit
D) High cost deposit
E) Only in Current Deposit
31) Under RTI person seeking information
must provide.
must provide.
A) Reason to get the information
B) Reason is not required to mention
C) Written request in stamp paper
D) Service charge to the institution
E) Application to be routed through advocate
32) BCSBI newsletter is known as.
A) Service matters
B) Customer Matters
C) Consumer is king
D) BCSBI darshan
E) No such newsletter
33) Protection to the Paying Bank in case
of alteration in a cheque is available under.
of alteration in a cheque is available under.
A) Sec 85 of NI act
B) Sec 89 of NI act
C) Sec 90 of NI act
D) Sec 98 of NI act
E) No protection is available
34) Under RE-KYC the Period of KYC updating
in case of high Risk customers.
in case of high Risk customers.
A) 2 years
B) 8 years
C) 10 years
D) 3 years
E) No fix period
35) Agency which purchases NPA from banks
is called.
is called.
A) Asset recovery company
B) Asset reconstruction Company
C) NPARC- NPA recovery cos.
D) Asset rehabilitation company
E) None
36) What is shishu?
A) This is first category under MUDRA scheme where up
to 50000/ loan limit can be financed
to 50000/ loan limit can be financed
B) This is loan product designed by our bank for minors
C) Online portal for student to open ZERO balance
account
account
D) Deposit account up to Rs.50000
E) None
37) Maximum deposit in PPF in a financial
year.
year.
A) Rs.500000
B) Rs.100000
C) Rs.150000
D) Rs. 50000
E) Rs.250000
38) When a farmer in addition to
agriculture is engaged in rearing of farm stock it is called.
agriculture is engaged in rearing of farm stock it is called.
A) Mixed farming
B) Allied farming
C) Livestock farming
D) Join farming
E) Integrated Farming
39) Maximum period of FCNR (B) deposit.
A) 3 years
B) 5 years
C) 2 years
D) 10 years
E) 7 years
40) What type of charge is created on LIC policy?
A) Lien
B) Pledge
C) Assignment
D) Simple mortgage
E) Hypothecation
41) Target for Weaker section loan are ___
% of ANBC.
% of ANBC.
A) 10
B) 5
C) 15
D) 12
E) 7
42) Final date for implementation of Basel
III in India?
III in India?
A) 01.01.2019
B) 31.03.2019
C) 31.03.2018
D) 01.01.2018
E) 31.03.2020
43) Safe custody of Articles is covered
under which Act.
under which Act.
A) Indian Contract Act
B) India safety act
C) Transfer property act
D) NI act
E) BR Act
44) Pari-passu charge is.
A) Fixed charge
B) Floating charge
C) Charge due to GOVT dues
D) Charge on current assets
E) Charge in favor of many creditors on equal footing
45) Expand MUDRA bank.
A) Micro units’ development & reconstruction
account
account
B) Major units’ development & Refinance Agency
C) Micro Units Development and Refinance Agency
D) Managing units for development and reconstruction
Agency
Agency
E) Micro Units Refinance Agency
46) CGTSME has been set up by.
A) Govt. of India
B) SIDBI
C) RBI
D) SBI
E) A & B jointly
47) If Garnishee Order is received without
description of amount,
description of amount,
A) Full amount to be attached
B) Ask clarification immediately from court regarding
amount
amount
C) Issue a notice to customer about the order &
amount if any notice is received by him
amount if any notice is received by him
D) Account not be attached till clarity about the
amount
amount
E) None
48) Minimum deposit to open BSBDA account
is.
is.
A) Nil
B) 100
C) 500
D) 50
E) 250
49) NPCI has developed the following
infrastructure to suit all banks requirement which is not correct?
infrastructure to suit all banks requirement which is not correct?
A) Unified payment system (UPI)
B) Indian money Payment services (IMPS)
C) National Automated clearing house (NACH)
D) Bharat Bill Payment System (BBPS)
E) None of the above
50) Maximum amount of claim that can be
filed in Lok Adalat.
filed in Lok Adalat.
A) 20 lakh
B) 10 lakh
C) 05 lakh
D) 12 lakh
E) Any amount
ANSWERS:
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Question.
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1
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2
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3
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4
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5
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6
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7
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8
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9
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10
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Answer.
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B
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A
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A
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C
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C
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A
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B
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A
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C
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D
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Question.
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11
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12
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13
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14
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15
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16
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17
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18
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19
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20
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Answer.
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D
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C
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A
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C
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A
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C
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A
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A
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A
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A
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Question.
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21
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22
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23
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24
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25
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26
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27
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28
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29
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30
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Answer.
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B
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A
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A
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C
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A
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A
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A
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A
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A
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B
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Question.
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31
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32
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33
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34
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35
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36
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37
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38
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39
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40
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Answer.
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B
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B
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B
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A
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B
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A
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C
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A
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B
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C
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Question.
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41
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42
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43
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44
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45
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46
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47
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48
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49
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50
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Answer.
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A
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B
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A
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E
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C
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E
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A
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A
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A
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A
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