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Banking Aptitude

Indian Banking Awareness covering RBI functions, banking regulations, financial instruments, and payment systems

15 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

World bank recently offered a line of credit of 84mn to strenghten panchayat project in which district?

  1. Madhya pradesh
  2. Bihar
  3. Uttar pradesh
  4. Karnataka
  5. Andhra pradesh
Question 2 Multiple Choice (Single Answer)

What is the purpose of PMLA Act 2002?

  1. To stop inflation
  2. To prevent money laundering
  3. To stop new loans in banks
  4. For arresting frauds
  5. None of the above
Question 3 Multiple Choice (Single Answer)

SLR money is to be kept by banks in __________.

  1. Cash only
  2. Gold
  3. G-Securities
  4. G-bonds
  5. Options 2, 3, 4 are true
Question 4 Multiple Choice (Single Answer)

What is acronym of EBITDA?

  1. Earning before Interest, Tax and Depreciation and Amortization
  2. Earnings before Tax, Deposits and Appreciation
  3. Earning before Interest, Terms, Deposits and Amounts
  4. Earning before Interest, Tax and Deposits, Agriculture
  5. None of the above
Question 5 Multiple Choice (Single Answer)

What is the maximum transaction permitted through NEFT, without having account in the concerned banks?

  1. 10000
  2. 50000
  3. 20000
  4. 30000
  5. None of these
Question 6 Multiple Choice (Single Answer)

Who is the deputy governor of RBI?

  1. Dr. Indira Raja Raman
  2. Dr. Anil kakodkar
  3. Dr. K.C. Chakrabarty
  4. Dr. D Subba Rao
  5. None of the above
Question 7 Multiple Choice (Single Answer)

What is the acronym for REPO rate and what is it's present rate?

  1. Republic offer, 6%
  2. Representative offer, 3%
  3. Repurchase offer, 7.25%
  4. Repurchase offer, 8%
  5. Reverse Repurchase offer, 6%
Question 8 Multiple Choice (Single Answer)

Which of the following will RBI do, under REPO?

  1. Give loan to commercial banks
  2. Give loan to public
  3. Give loan to the government
  4. Give loan to students
  5. Take deposit from banks
Question 9 Multiple Choice (Single Answer)

Who is the CMD of bank of baroda?

  1. Rajeev Rishi
  2. Rajeev kishore dubey
  3. Chandha Kochchar
  4. V.R. Iyer
  5. S.S.Mundra
Question 10 Multiple Choice (Single Answer)

Under which of the following groups, does the entire function of RBI come?

  1. Traditional functions.
  2. Regulatory functions.
  3. Development Functions.
  4. Options 2 and 3 are true.
  5. All of the options 1, 2, 3 are true.
Question 11 Multiple Choice (Single Answer)

Bank rate is the interest rate, charged on which of the following?

  1. Loans taken by banks from banks
  2. Loans taken by banks under bills re-discounting
  3. Loans taken on gold
  4. Loans taken by banks under bill discounting
  5. All of the above
Question 12 Multiple Choice (Single Answer)

Which of the following are the new RTGS access options provided to the participants?

  1. Thick client
  2. Web-API
  3. Payment originator module
  4. All of the above
  5. None of the above
Question 13 Multiple Choice (Single Answer)

On which date is KYC day observed?

  1. 1st April
  2. 1st May
  3. 1st July
  4. 1st August
  5. 1st September
Question 14 Multiple Choice (Single Answer)

What is the interest paid on CRR balances?

  1. 0%
  2. 1%
  3. 5%
  4. 4%
  5. 3%
Question 15 Multiple Choice (Single Answer)

What does CTS of RBI stands for?

  1. Cheque Truncation system
  2. Cheque Transfer system
  3. Current Tansacation System
  4. Current Truncation system
  5. None of the above
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