BC / BF EXAM (IIBF) Series -32 ( PROBABLE QUESTIONS AND ANSWERS )
Chapter-1
Chapter-1
1. A bank is a financial institution which acts as an
____________________ between savers and investors or users of funds.
A.
transaction
B.
intermediary
C.
investments
D.
depository
2. Private banks
came into existence with the Financial Reforms of 1991-92. State TRUE or
FALSE.
A.
True
B.
False
3. Which of these are services offered by a bank?
A.
savings
B.
remittance
C.
credit
D.
insurance
E.
all of these
4. The share of
ownership/capital by Central Government in Regional Rural Banks is _______
A.
60%
B.
40%
C.
50%
D.
20%
5. After the merger of RRBs, the number has been reduced
from 196 to ______ as on 31st March, 2017.
A.
76
B.
96
C.
56
D.
46
6. What is the upper limit of the amount per customer to be
accepted by Payment Banks?
A.
Rs 10 lacs
B.
Rs 1 lac
C.
Rs 5 lacs
D.
Rs 3 lacs
7. Apart from Bandhan Bank, which bank was given license
by RBI in 2014?
A.
ICICI BANK
B.
HDFC BANK
C.
DBS BANK D. IDFC BANK
8. In the case of Small Finance Banks, at least 50% of their loans
must be below Rs ______lakhs
A.
50
B.
75
C.
25
D.
10
9. Mobile Banking
through mobile wallet was launched in ___________.
A.
2010
B.
2012
C.
2014
D.
2016
10. Banks lend in the form of ____________
A.
cash credits
B.
overdrafts
C.
demand loans
D.
term loans
E.
all of these
11. Loans and advances which remains overdue for more
than a stipulated period is known as _________
A.
NPA
B.
TPA
C.
UPA
D.
MPA
12. The Reserve Bank of India was established on April
1, ______________ as the central bank of the country.
A.
1955
B.
1945
C.
1935
D.
1925
13. When did NABARD come into existence?
A.
12 july, 1982
B.
14 july, 1984
C.
16 july, 1986
D.
18 july, 1988
14. RTGS and NEFT systems come under
____________________
A.
remittance of funds
B.
financial
inclusion
C.
universal banking
D.
operational
freedom
15. IDBI is a _________________
A.
private bank
B.
nationalised bank
C.
public sector
bank
D.
development bank
Chapter-2
1. In saving account deposits, interest is paid
on _______________balance in the account.
A.
maximum
B.
average
C.
daily D.last balance at the end of the month
2. Current account deposits are not entitled to
_______________
A.
cheque book above 100
leaves
B.
monthly statements
C.
cash payments
D. interest
3. Demand deposits are those which can be
withdrawn;
A.
on request
B.
on sanction by
manager
C. on demand
D.
on persuasion
4. Interest on savings bank can be paid;
A.
on any interval as
per bank's own approved policy
B. on half-yearly intervals only
C.
on yearly intervals
only
D. on quarterly
intervals only
5. A Recurring Deposit account requires the
customer to ______________
A.
deposit any amount at
specified intervals for a specified period
B.
deposit a fixed the amount at will for a specified period
C.
deposit a fixed the amount at specified intervals for any period
D. deposit a fixed the amount at specified intervals for a specified period
6. Fixed deposits cannot be ________________
A.
renewed for a further
period on the maturity date
B. transferred to third
parties
C.
pre-paid before the
maturity date
D.
cannot be pledged to
the bank as security
7. A bank's Fixed Deposits is characterized by
______________
A. interest rate as
agreed with the customer at the time of the deposit
B. the fixed period of the
deposit
C.
periodical payment of
the interest
D.
all of the above
8. Savings account contain some restrictions
regarding _________________
A.
number of withdrawals
per quarter
B. amount of withdrawals per
transaction in ATM
C.
number of deposits
into the account per quarter
D. both (a) and (b)
above
9. "SWIFT" is a term associated with
___________( Society for Worldwide Interbank Financial
Telecommunication )
A. electronic fund
transfer
B.
banker's drafts
C.
remittance of funds
D.
deposits
10. Banks should ensure that demand drafts of Rs
____________ and above are issued invariably with account payee crossing.
A.
10000/-
B.
50000/-
C. 20000/-
D.
30000/-
Bold option is
correct answer.
No comments:
Post a Comment