1.  The SARFAESI Act 2002 empowers Banks / Financial Institutions to recover their nonperforming assets (bad loans) without the intervention of the Court. In ' SARFAESI ' second ' S ' stands for

a

  Share

b

 Saving

c

 Security

d

 Securitisation

Answer & Explanation
Answer : Option C

2.  Which of the following was the first mutual fund listed on the newly launched mutual fund platform on National Stock Exchange (NSE)?

a

  LIC Mutual Fund

b

 UTI Mutual Fund

c

 SBI Mutual Fund

d

 Bank of Baroda Mutual Fund

Answer & Explanation
Answer : Option B

3.  Co-operative banks are ?

a

  Joint-sector banks

b

 Public sector banks

c

 Private sector banks

d

 All of the above

Answer & Explanation
Answer : Option C

4.  Banks have to declare CAR in their balance sheet. What is the full form of CAR?

a

  Capital At Risk

b

 Capital Adequacy Ratio

c

 Court Appointed Receiver

d

 Computer Assisted Reporting

Answer & Explanation
Answer : Option B

5.  The Negotiable instrument is

a

  Cheque

b

 Demand Draft

c

 Bill of Exchange

d

 All of the above

Answer & Explanation
Answer : Option D

6.  Public Sector Banks include?

a

  14 Nationalized Banks + 6 SBI Associates + 7 Private Banks

b

 19 Nationalized Banks + State Bank of India + 6 SBI Associates

c

 20 Nationalized Banks + 6 Private Banks

d

 20 Nationalized Banks + State Bank of India + 5 SBI Associates + IDBI

Answer & Explanation
Answer : Option D

7.  Oudh Commercial Bank was founded in

a

  1881

b

 1894

c

 1913

d

 1917

Answer & Explanation
Answer : Option A

8.  When did the nationalisation of major banks happen?

a

  June, 1951

b

 June, 1955

c

 June, 1959

d

 July, 1969

Answer & Explanation
Answer : Option D

9.  Who sets up 'Base Rate' for Banks?

a

  RBI

b

 Individual Banks Board

c

 Interest Rate Commission of India

d

 None of the above

Answer & Explanation
Answer : Option A

10.  In which year, Paper Currency Act was enacted by British Government of India?

a

  1860

b

 1861

c

 1862

d

 1863

Answer & Explanation
Answer : Option B

11.  In which year ' Bank of Upper India ' was formed?

a

  1861

b

 1862

c

 1863

d

 1864

Answer & Explanation
Answer : Option C

12.  The Rate at which the domestic currency can be converted into foreign currency and vice-versa is known as the -

a

  UBOR

b

 Base rate

c

 Exchange rate

d

 Inter bank Call money rate

Answer & Explanation
Answer : Option C

13.  Land Development Banks form a part of the?

a

  Commercial Banks

b

 Food Corporation of India

c

 Cooperative Credit Structure

d

 Industrial Development Bank of India

Answer & Explanation
Answer : Option C

14.  CIBIL as a credit bureau caters to:

a

  Consumer segments

b

 Commercial segments

c

 Nationalized Banks only

d

 Both commercial and consumersegments

Answer & Explanation
Answer : Option D

15.  Where is NDB headquartered?

a

  Beijing

b

 Chengdu

c

 Shanghai

d

 Hong Kong

Answer & Explanation
Answer : Option A

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