BC / BF EXAM (IIBF) Series -10 ( PROBABLE QUESTIONS AND ANSWERS )

80. What is the full form of SWIFT? 

a. Safe Window for Interbank Financial Transactions

b. Safe Window In case of Financial Transaction

c. Society for Worldwide Interbank Financial Telecommunication

d. Safe Window Institute For Transactions

81. What does the letter 'S' denote in the term IFSC?
a. Subscriber

b. State

c. System

d. Source

e. Standard

82. What is the full form of NDTL?
a. New Demand & Tenure Liabilities

b. Net Demand & Time Liabilities

c. National Deposits & Total Liquidity

d. Net Demand & Tax Liabilities

83. Which of the following is the rate at which the RBI lends money to commercial banks in the event of any shortfall of funds?
a. Benchmark Prime Lending Rate

b. Annual Percentage Rate

c. Bank Rate

d. Repo Rate

84. Which of the following pools money from various investors in order to purchase securities?
a. Fund derivative

b. Money fund

c. Mutual fund

d. Pension fund

85. What is the full form of CVV?
a. Call Verification Value

b. Card Verification Value

c. Credit Verification Value

d. None

86. What does the letter 'M' mean in the term SME as used in the financial world?
a. Maximum

b. Medium

c. Market

d. Mutual

87. Which of the following scheme was formulated by RBI?
a. Banking Ombudsman Scheme

b. Jan Dhan Yojana

c. MUDRA Bank Yojana

d. Boutique Financing Scheme

88. Which of the following is true about the functions performed by RBI?
(i) It is the Bank of Issue
(ii) It acts as banker to the Government
(iii) It is the banker of other banks
(iv) It regulates the flow of credit
a. Both (i) and (ii)

b. Both (iii) and (iv)

c. All the above

d. None of the above

89. Which of the following is the rate at which the RBI lends money to commercial banks in the event of any shortfall of funds?
a. Benchmark Prime Lending Rate

b. Annual Percentage Rate

c. Bank Rate

d. Repo Rate

90. What is the full form of CRR?
a. Cash Reserve Rate

b. Cash Reserve Raio

c. Cash Recession Ratio

d. Core Reserve Rate

91. Who was the first Indian Governor of RBI?
a. C. D. Deshmukh

b. Benegal Rama Rau

c. R. K. Shanmukham Chetty

d. K. G. Ambegaokar

92. On which date was the Reserve Bank of India established?
a. April 1, 1935

b. July 12, 1982

c. May 26, 2006

d. September 30, 2005

93. Who was the first governor of RBI?
a. James Braid Taylor

b. Mihir Sen

c. Nagendra Singh

d. Osborne Smith

94. What is the most powerful tool used by the Reserve Bank of India to control inflation?
 a. Raise interest rates

b. Raise current supply

c. Reduce current supply

d. Reduce interest rates

95. Who regulates monetary policy? 

a. IRDA

b. RBI

c. SEBI

d. SIDBI

e. Finance Ministry

96. Name the microfinance company that becomes the first to start operation as a commercial bank?
a. Pay Tm Bank

b. Vodafone m-Pisa Bank

c. Yes Bank

d. Bandhan Bank

97. What is the full form of NBFC?
a. Non-Bank Financial Competition

b. Non-Bank Foreign Company

c. Non-Banking Financial Company

d. Non-Banking Finance Corporation

98. Who insures banks in India?
a. IRDA

b. EXIM

c. DICGC

d. ECGC

99. Among the following the correct share of Central, State and Sponsor Bank in RRBs is _____?
a. 35%, 40%, 25%

b. 15%, 35%, 50%

c. 30%, 35%, 35%

d. 50%, 15%, 35%

100. Which of the following apex bodies regulates the RRBs?
a. RBI

b. NABARD

c. SIDBI

d. State Government

Answers:-

81	C
82	B
83	D
84	C
85	B
86	B
87	A
88	C
89	D
90	B
91	A
92	A
93	D
94	A
95	B
96	D
97	C
98	C
99	D
100	B

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