Friday, 23 September 2016


1. Who decides on the value and volume of bank notes to be printed and on what basis?

a) Finance Ministry      
b) Planning Commission    
c) RBI      
 d) Stock exchange      
e) None of the above

2. What is the maximum denomination for which coins can be produced in India?

a) Rs 1000          
b) Rs 10       
c) Rs 100          
d) Rs 50       
e) Rs 5

3. The Reserve Bank of India began production of notes in 1938, issuing Rs.25 
     Rs.10 Rs.1000 notes. Rs 1000 note was re-introduced again in.......?

a) 1987             
b) 2000              
c) 2003              
d) 2006            
e) 2010

4. One rupee notes bear the signature of..........?

a) Governor of Reserve Bank of India            
b) Prime Minister of India           
c) President of India
d) Secretary, Ministry of Finance (Government of India)                                       
 e) None of the above

5. Mortgage is a..............?

a) Security on movable property for a loan given by a bank
b) Security on immovable property for a loan given by a bank
c) Concession on immovable property for a loan given by a bank
d) Facility on immovable property for a loan given by a bank
e) Security on immovable property for a deposit received by a bank

6. In terms of Section 5(1) (5) of the Banking Regulation Act, 1949,
 a ‘banking company’ means any company which-

a) accepts deposits from the public      
b) undertakes lending of money     
c) transacts the business of banking in
 d) All of the above                               
e) None of the above

7. Which of the following is not a negotiable instrument? 

a) Cheque           
b) Pay order           
c) Bill of Exchange        
d) All of the above are negotiable instruments
 e) None of the above

8. Which of the following is true? 

a) Surplus funds with banks can be invested in pass through certificates
b) This will be indirect expansion of credit portfolio            
c) both (a) and (b)         
d) Either (a) or (b)                                                                  
 e) None of the above

9. EOQ stands for? 

(a) Evaluation-on-Quantity         
(b) Even-on-Quality                  
(c) Economic Order Quantity
 (d) Economic-on-Quality             
(e) None of the above

10. Example of the product line of a Bank is? 

(a) Car loan           
(b) Personal loan        
  (c) Home loan        
(d) All of the above        
(e) None of the above

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