80. What action is taken if one of the customers tenders forged note?
a) He is sent to prison
b) Note is returned with remark, forged note
c) Note is impounded
d) Note is torn
Ans: ( c )
81. A contract of insurance is a contract of
a) Indemnity
b) Pledge
c) Guarantee
d) Hypothecation
Ans: (a)
82. Indian Companies have been allowed to invest upto US
a) 10 million
b) 15 million
c) 5 million
d) 20 million
Ans: (a)
83. Restriction on number of partners in a firm is imposed by
a) Indian Companies Act 1956
b) Indian Partnership Act 1932
c) Indian Contract Act 1872
d) None of these
Ans: (b)
84. The certificate to commence business is to be called for perusal and returned for opening of an account of
a) Public limited company
b) Club and association
c) Private limited company
d) Trust
Ans: (a)
85. The certificate to commence business is to be called for perusal and returned for opening of an account of
a) Public limited company
b) Club and association
c) Private limited company
d) Trust
Ans: ( c )
86. Where is the headquarters of SWIFT?
a) Hong Kong
b) Brussels
c) London
d) Mumbai
Ans: (b)
87. The three banks recently have entered in a Mega ATM sharing pact. They are
a) SBI, ICICI, & BOB
b) SBI, ICICI, HDFC
c) ICICI, Andhra Bank, HDFC
d) Andhra Bank, Canara Bank, SBI
e) None of these
Ans: (b)
88. The Basic Travelling quota for going abroad is
a) USD 10,000
b) USD 5,000
c) USD 20,000
d) USD 15,000/-
e) No ceiling
Ans: (a)
89. Which of these is not a credit rating agency?
a) Moody\’s
b) Standard & Poor’s
c) Price water house
d) ICRA
e) None of these
Ans: ( c )
90. Pari Passu charge refers to a charge
a) Ranking in priority, regardless of quantum of advances
b) Merely notional in nature
c) Ranking equally in priority in proportion to the lender’s share of advance
d) None of these
Ans: ( c )
91. What are the four categories as per Kapur Committee recommendations for loan applications under SSI segment
a) upto 2 lacs, upto 15 lacs, upto 25 lacs, and above 25 lacs
b) upto 10 lacs, upto 25 lacs, upto 50 lacs and above 50 lacs
c) upto 2 lacs, upto 1 crores, upto 2 crores, and above 2 crores
d) upto 2 crores, upto 25 crores, upto 50 crores and above 50 crores
e) None of these
Ans: (a)
92. NRE deposit rates have been recently lowered to
a) LIBOR + .25
b) LIBOR + .20
c) LIBOR + .30
d) LIBOR + .50
Ans: (a)
93. Who is the Governor of RBI?
a) Bimal Jalan
b) Y V Reddy
c) K J Udeshi
d) Ranga Reddy
e) None of these
Ans: (b)
94. Which Bank is ranked 7th India Company in the ET 2003 for listing as per market capitalization?
a) ICICI
b) HDFC
c) SBI
d) BOB
Ans: ( c )
95. Recently ICICI issued winding up notice to the following financial institutions
a) IDBI
b) MSFC
c) IFCI
d) SICOM
e) None of these
Ans: ( c )
96. At what frequency can Banks pay interest on Saving Bank Account as per RBI guidelines
a) Monthly
b) Quarterly
c) Half Yearly
d) Yearly
Ans: ( c )
97. The VSAT communication network for banks and financial institutions launched by RBI is known as
a) SWIFT
b) SBI NET
c) BANK NET
d) INFINET
Ans: (d)
98. The ceiling for Bank’s daily borrowings in Call Money should not exceed---% of owned funds
a)100%
b)50%
c)75%
d)150%
Ans: (a)
99. Most modern banking systems are based on:
A) money of intrinsic value.
B) commodity money.
C) 100 percent reserves.
D) fractional reserves.
A) money of intrinsic value.
B) commodity money.
C) 100 percent reserves.
D) fractional reserves.
Ans: (d)
100. Which bank has become the first foreign bank to open a branch in Israel
a) American Express Bank
b) Citibank
c) Standard Chartered Bank
d) State Bank of India
Ans: (d)
