Q1. Account Payee in crossing with two transverse parallel line
is *
A.
Special Crossing
B.
General Crossing
C. Restricted Crossing
D.
Universal Crossing
Q2. Which of the following characteristics
are available in a Debit Card *
a) Payments for purchases are directly debited
into the account
b) Cash withdrawals through ATMs are debited to
the account immediately
c) Payment made for purchases/usage will be
debited subsequently after a certain period
d)
Both a) and b)
Q3. Which one of the following, will not
come under weaker section loans *
A.
Loans are given to
marginal/small farmers
B.
Loans are given to
artisans, village and cottage industries
C.
Advances to ST/ST
borrowers
D.Loans to women beneficiaries more than 1lakh
Q4. Floating Rate of Interest is the rate
which is________ *
A.
Decided by the bank
arbitrarily
B.
Linked with another
relevant other
C.
Fixed by the Indian
Banks association
D.
Notified by the Reserve Bank of India
Q5. What is the period or term of a vehicle
loan? *
A.
Normally 1 year
B.
Normally 3-7 years
C.
Usually 5-7 years
D.
Always 7-10 years
Q6. A unit will be classified as a small
enterprise (service sector) if its investment in equipment not exceeding *
A.
200 lakhs
B.
100 lakhs
C.
500 lakhs
D.
None of these
Q7. Branches may open accounts for those
customers who are not able to provide KYC documents provided the total credit
summation in all the accounts taken together is not expected to exceed
Rs_______ in a year *
A.
Rs 1Lakh
B.
Rs 2 Lakhs
C.
Rs 50,000
D.
Rs 50,000 per month
Q8. The price of insurance is
called_______ *
A.
Fee
B.
Service change
C.
Premium
D.
Instalment
Q9. SHGs, for assistance under PMRY, may
consist of *
A.
5-20 educated unemployed youth
B.
3-15 educated
unemployed youth
C.
10-25 educated
unemployed youth
D.
2-10 educated
unemployed youth
Q10. Which of the following statement is
not correct *
A.
Repayment of loan
instalment is taken as a cash outflow in the cash flow statement
B.
Depreciation is taken as a cash outflow in the
statement
C.
Interest payment to the bank is taken as an outflow in the cash flow statement
D.
Cash received on
sale of scrap is taken as a cash inflow in the cash flow statement
Q11. Bailor-bailee relationship is
applicable in *
A.
Cash deposit with a cashier by customer
B.
Sale deposit locker
C.
Demand draft issued
by a banker
D.
Keeping articles in safe custody with the bank
Q12. Internet Banking Transactions
Excludes *
A.
Withdrawal of cash anywhere in India
B.
Statement of account
for a specific period
C.
Transfer of Funds
from one account to another account
D.
Balance Enquiry
Q13. Under which steps of money
Laundering, the separation of illicit proceeds from their source by creating
complex layers of financial transaction thereby avoiding audit trail and
providing anonymity to the source of funds? *
A.
Layering
B.
Placement
C.
Integration
D.
None of the above
Q14. A unit will be classified as a small
enterprise (manufacturing), if its investment in Plant & Machinery not
exceeding Rs_________ *
A.
100 Lakhs
B.
500 Lakhs
C.
25 Lakhs
D.
200 Lakhs
Q15. KCCs are issued for a period of *
A.
One year
B.
Three years
C.
Five years
D.
Seven years
Q16. Debit Cards *
A.
are plastic card
embedded with electromagnetic identification
B.
are issued by banks
to its customers who could use them to pay for their purchases or services at
specified points of sale terminals
C.
facilitate the
customers to effect the transactions on their accounts remotely
D.
All of the above
Q17. Loan and advances of banks appear in
their balance sheet on the side of *
A.
Liabilities
B.
Assets
C.
Income
D.
Expenses
Q18. KYC norms are not applicable in retails
loans if repayment capacity is established beyond doubt *
A.
True
B.
False
Q19. Which of the following is included in
the DO's for a BCA? *
A.
BCA should maintain the confidentially and the
secrecy of the customer information
B.
BCA should indulge
in local polities
C.
BCA should treat
his/her customers differently according to their caste, creed or sex
D.
BCA should not do the transaction with financially excluded people
Q20. Educational loans for studies abroad
shall be treated as Priority Sector Lending, up to a limit of *
A.
Rs 4 lakhs
B.
Rs 10 lakhs
C.
Rs 15 lakhs
D.
Rs 20 lakhs
Q21. A deposit or a paying-in slip is a
blank from listing the details of coin, currency or cheques to be deposited and
amount of deposit (it accompanies a deposit) *
A.
True
False
Q22. Find the interest rate, if the
present value is Rs.100/- and future value becomes Rs.115.76 in three
years *
A.
4% B.5% C.6%
D.7%
Q23. RBI has simplified KYC procedure for
opening accounts for those persons who intend to keep balances not exceeding
Rs______ in all their accounts taken together and total credit in all the
accounts taken together is not expected to exceeds Rs________ lac in a
year *
A)
50,000, 1,00,000 B) 1,00,000, 5,00,000 C)5lakhs, 10lakhs D) 5lakhs, 15lakhs
Bold items are the Correct Answers.
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