Q.1
Which of the following statements are correct with respect to NBFCs?
  • NBFCs can accept deposits from NRI
  • Nomination Facility is not available to depositors of NBFCs
  • The deposits with NBFCs are insured
  • All of the Above
  • None of the above
Q.2
Mutual Fund business from existing customers can be canvassed by__________.
  • Coercion
  • Cross-selling
  • Internal marketing
  • Outdoor marketing
  • Road-shows
Q.3
Which among the following is the main difference between the fiscal policy and the monetary policy of a country?
  • Monetary Policy deals with the money supply in the economy whereas fiscal policy is regarding the revenue and the expenditure of the government.
  • Monetary policy is handled by central bank whereas fiscal policy is the domain of the government.
  • Monetary Policy has no bearing on the global market whereas fiscal policy is aimed at the global market only.
  • Both 1 and 2
  • All 1, 2 and 3
Q.4
Which among the following services cannot be provided by Payments Banks in India?
  • It can issue debit cards
  • It can issue credit cards
  • It can accept deposits from individuals up to a limit of Rs 1 lakh per customer
  • Both 1 and 2
  • 1, 2 and 3
Q.5
To calculate capital adequacy ratio, the banks are required to take into account which of the following risks?
  • Credit risk and Operational risk
  • Credit risk and Market risk
  • Market Risk and Operational Risk
  • Credit Risk, Market risk and Operational risk
  • None of the above
Q.6
UPI payment system has been launched by which organisation?
  • Reserve Bank of India
  • National Payments Corporation of India
  • Mobile Payments Forum of India
  • Bharat Bill Payment system
  • None of these
Q.7
How much amount has been allocated in interim budgetunder Pradhan Mantri Gram Sadak Yojana (PMGSY) for 2019-20?
  • 16,000 crore
  • 19,000 crore
  • 18,000 crore
  • 17,000 crore
  • 13,000 crore
Q.8
Which of the following is not a general utility service offered by commercial banks
  • Gift cheques
  • Locker facility
  • Letter of Credit
  • Income tax consultancy
  • Merchant banking
Q.9
Which of the following is not the part of the Scheduled Banking structure in India?
  • Money Lenders
  • Public Sector Banks
  • Private Sector Banks
  • Regional Rural Banks
  • State Corporative Banks
Q.10
What is the Maturity of Treasury Bills?
  • Less Than 5 years
  • Less Than 3 years
  • Less Than 1 year
  • Less Than 1 month
  • Can be Matured at anytime
Q.11
An account that a bank holds in a foreign country in another bank is known as _______.
  • Escrow Account
  • Cash Account
  • Nostro Account
  • Savings Account
  • Nominal Account
Q.12
Which of the following is true regarding NEFT and RTGS?
  • NEFT has no minimum limit whereas RTGS has a minimum limit of 2 lakhs
  • Both NEFT and RTGS have no maximum limit
  • RTGS is faster as compared to NEFT
  • NEFT can be processed anytime
  • All of the above
Q.13
________ has been authorized by RBI as the Bharat Bill Payment Central Unit (BBPCU).
  • NPCI
  • NACH
  • NHB
  • Both NPCI and NACH
  • None of the above
Q.14
Which of the following is not true about Payments Bank?
  • Payments bank can issue ATM/debit cards but not credit cards
  • Initial capital required for a Payments Bank is Rs 100 crore
  • Payments Bank must maintain Cash Reserve Ration (CRR) as decided by RBI
  • Payments Bank can give a loan of up to only Rs 1 lakh
  • Payments Bank can enable transfers and remittances through a mobile phone.
Q.15
The word “core” in CBS, Core Banking Solution, stands for
  • Controlled Online Real-time Money Export
  • Centralized Online Real-time Exchange
  • Controlled Online Real-time Environment
  • Centralized Online Real-time Money Export
  • None of the above
Q.16
Payment Bank gets licence under___________.
  • Banking Regulation Act 1949, Section 22
  • Banking Regulation Act 1949, Section 21
  • Banking Regulation Act 1949, Section 20
  • Banking Regulation Act 1949, Section 19
  • None of these
Q.17
As per the interim budgetthe total outlay for Rashtriya Gokul mission is increased to Rs. ________.
  • Rs. ₹550 crore
  • Rs. ₹500 crore
  • Rs. ₹800 crore
  • Rs. ₹750 crore
Q.18
Participatory Notes or P-Notes stands for
  • Alternative Stock instrument
  • Alternative Derivative instruments
  • Primary Equity Instrument
  • Investment derivative instrument
Q.19
The grants given to the states by the central government are considered as ________.
  • Revenue Expenditure
  • Capital Expenditure
  • Asset Expenditure
  • Interest Expenditure
Q.20
When the bank is not able to have enough cash to carry out its day-to-day operations, it is called ________.
  • Liquidity risk
  • Systemic risk
  • Operational risk
  • Credit risk
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