Thursday, November 28, 2013
1) Deepak Sandhu
2) Kushal Singh
3) Mamatha Sharma
4) Subba Laxmi Panse
5) Chanda Kocchar
2. On 11 September 2013, RBI said the BSBDA account is also
applicable to foreign banks as they are also Scheduled Banks. It provides zero
balance accounts to poor people. What is the expansion of BSBDA?
1) Basic Savings Bank Dual Account
2) Base Savings Bank Deposit Account
3) Basic Small Bank Deposit Account
4) Basic Savings Bank Deposit Application
5) Basic Savings Bank Deposit Account
3. SBI opened its 15000th branch in Sooranam in ..........
on 17 August 2013.
1) West Bengal
2) AP
3) Kerala
4) Tamil Nadu
5) Haryana
4. The involvement of financial intermediary in aiding
credit creation without regulatory oversight is called…….
1) Virtual banking
2) Common banking
3) Unit banking
4) Shadow banking
5) Yes banking
5. On 23 August 2013, RBI sold 48 days CMB to meet the
temporary cash flow mismatches of the Government of India. CMB means ....?
1) Cash Money Bill
2) Call Management Bill
3) Cash Management Borrowing
4) Core Management Bill
5) Cash Management Bill
6. On 8 August 2013, RBI declared the ....... sale of
government bonds to decrease the liquidity of funds in the market?
1) monthly
2) yearly
3) bi-monthly
4) half yearly
5) weekly
7. As per the promise given to World Trade Organization
earlier, India should allow how many branches of foreign banks in India per
year?
1) 12
2) 24
3) 45
4) 15
5) 20
8. The Reserve Bank of India had given statement relating to
the growth of bank deposits and credit of 2012-13 given. Pick the correct
statement.
1) Banks have recorded credit and deposit growth of 14
percent each in 2012-13.
2) RBI had projected credit and deposit growth of 16 percent
and 15 percent during the same period.
3) It means banks had shown the credit grow by Rs.6,76,176
crore and deposit grow by Rs.8,65,208 crore.
4) Credit demand was sluggish due to slowdown in the economy
and Deposits accretion also was impacted as inflation - adjusted returns were
negative due to high inflation.
5) All of above
9. First breast milk bank inaugurated on 7 August 2013 at
......
1) Kochi
2) Chennai
3) Hubli
4) Goa
5) Bhopal
10. On 4 September 2013, Raghuram announced constitution of
a panel to strengthen monetary policy framework headed by ....
1) K.C.Chakravarthy
2) Anand Sinha
3) H.R.Khan
4) Subba Rao
5) Urjith Patel
11. Nachiket Mor appointed as the head to assess the
approach to financial inclusion by ...
1) SEBI
2) GOI
3) WTO
4) RBI
5) World Bank
12. ...... heads the panel to take a close look at rising
NPAs and suggest steps to improve the recovery of bad debts as announced by RBI
on 4 September 2013?
1) H.R.Khan
2) Anand Sinha
3) K.C.Chakravarthy
4) Urjith Patel
5) Syamala Gopinath
13. Raghuram Rajan announced the setting up of an outside
panel of experts to screen applications for new bank licenses under the
headship of .....?
1) Subba Rao
2) Kelkar
3) Bimal Jalan
4) Rangarajan
5) None
14. .... headed the committee to improve the country's
overall business climate in the country?
1) Ashok Chawla
2) Muttuswami
3) Damodaran
4) Pydi Kone
5) None
15. .....became the first state to disburse salary of its
staff through their Aadhaar-linked bank accounts as declared on 7 August 2013?
1) AP
2) Maharashtra
3) Goa
4) Tamil Nadu
5) MP
16. How many banks taken as share holders to widen the
shareholding of National Payments Corporation of India (NPCI)?
1) 21 banks
2) 44 banks
3) 49 banks
4) 55 banks
5) 64 banks
17. On 19-20 July 2013, the G – 20 Finance Ministers and
Central Bank Governors Meeting was held in .....
1) USA
2) China
3) India
4) Germany
5) Russia
18. A method of paperless banking to augment environment
conservation through paperless banking transactions, which are also faster than
conventional transactions is called .....?
1) Green Banking Channel
2) Red Banking Channel
3) White Banking Channel
4) Black Banking Channel
5) All of above
19. e-Gift card facility first time introduced by...
1) Andhra Bank
2) Kotak Mahendra Bank
3) Allahabad bank
4) UBI
5) Axis bank
20. Which bank of Andhra Pradesh opened 1.5 lakh no-frills
accounts in eight districts on a single day as part of Direct Benefit Transfer
(DBT) scheme of the Union Government recently?
1) SBI
2) DGB
3) APGVB
4) LVB
5) ICICI
21. On 2 September 2013, which bank became the first bank to
translate financial literacy curriculum into Gujarati?
1) ICICI
2) SBI
3) Indian bank
4) UBI
5) Axis
22. RBI asked banks to link the disbursal of home loans to
...... on 3 September 2013, as it advised the banks not to go for the upfront
disbursal of loans.
1) value of Market loan
2) route map of construction place
3) stages of construction
4) HDFC rules of loan disbursal
5) None
23. To help mutual funds, how much fund borrowing window
opened by the RBI recently?
1) Rs.15,000 cr
2) Rs.1500 cr
3) Rs.75,000 cr
4) Rs.8000 cr
5) Rs.25,000 cr
24. On 14 August 2013, RBI cut down the amount of foreign
exchange an Indian may use to invest or spend abroad from the current annual
limit of $ 200,000 to......
1) $ 1,00,000
2) $ 55,000
2) $ 55,000
3) $ 45,000
4) $ 1,75,000
5) $ 75,000
25. On 21 July 2013, RBI reduced realization period for
exporters to......
1) 21 Months
2) 18 Months
3) 12 Months
4) 8 Months
5) 9 Months
26. China Central Bank lifted the ban on......to motivate
the economy to boost its growth on 19 July 2013?
1) deposit rates
2) locker rates
3) lending rates
4) bank rate
5) None
27. On which day Indian rupee had shown the lowest value of
68.80 against dollar?
1) 20 August
2) 1 September
3) 11 August
4) 31 July
5) 28 August
28. The First Quarter Review of Monetary Policy for 2013-14
released on 30 July 2013. Locate the wrong statement.
1) All key rates of RBI unchanged
2) One of the 4 broad contour of the policy is to guard
against reemergence of inflation pressures
3) Policy stressed to address the risks to macroeconomic
stability from external shocks
4) To continue to address the heightened risks to growth and
to manage liquidity conditions to ensure adequate credit flow to the productive
sectors of the economy
5) None
Banking is an important section when
preparing for any bank exam, it may be IBPS, SBI, RRB, RBI and other bank
exams.
A small
overview on Banking:
Meaning
& Definition
1. Accepting
Deposits
2. Lending
or Investment
3. Nature
of Repayment
4. Nature
of Withdrawal
Significance
of banks:
1. Savings
Mobilisation
2. Public
Finance
3. Remittance
of Funds
4. Financing
the Nation
5. Development
of Bill Market
6. Risk
Free Investment
7. Corporate
Services
8. Well
Developed Money market
9. Social
Banking
10.Development of Capital Market
Evolution
of Banking in India
1. Presidency
Banks: Bank of Bengal in 1809, Bank of Bombay in 1840 & Bank of Madras in
1843
2. Imperial
Bank of India -1921
3. Reserve
Bank of India-1935
4. State
bank of India-1955
5. Nationalisation
of 14 Banks-1969
6. Second
Dose of Nationalisation —1980
7. Narasimham
Committee Reforms- 1990s
8. ICICI
Merger- 2003
Composition
of Indian Banking System:
1. Reserve
Bank of India
2. Commercial
Banks
3. Development
Banks
4. Regional
Rural Banks
5. Co-operative
Banks
6. NABARD
7. Land
Development Banks
8. Exim
Banks
Reserve
Bank of India
1. Established
in 1935
2. Central
Board of Directors with 20 members
3. One
local Board for each of the four regions
4. Traditional
central banking functions
5. Regulatory
functions
6. Promotional
functions
Commercial
Bank
1. Public
Sector Banks: 1+7+14+6=28
2. Private
Sector Banks: Indian, foreign & New
3. Generation
Banks
4. Scheduled
& Non scheduled banks
Development
Banks :
1. IFCI
Ltd in 1948
2. ICICI
Ltd in 1955
3. 18
SFCs
4. Industrial
Investment Bank of India (IRCI in 1971 and reincorporated in 1997) IDBI in 1964
Regional
Rural Banks:
Product of
20 point programme of the govt.
Scheduled
Banks & Non-Scheduled Banks
Treated as
cooperative societies
Sponsored by
a public sector bank
196 RRBs
covering 451 districts spread over 23 states having 14,552 branches
Area
Restriction
Co-operative
Banks:
Three Tier
Structure
Different
Economic Groups
Most of the
Functions of Commercial Banks
NABARD:
1. Set-up
in 1982
2. Took
over ARC
3. Refinance
4. Inspection
of RRBs
5. Routing
Branch Expansion applications of RRBs
6. Access
with World Bank & others
7. Linking
SHGs and NGOs
8. Kisan
Credit Card Scheme in collab with RBI, Comm. Banks, Coop Banks Micro-Finance
Initiative
Land
Development Banks:
1. Long-term
finance to agriculture
2. Co-operative
institutions
3. Mortgage
is created on the land
4. 50% of
the market value of the land given as loan
5. Severe
criticisms
Foreign
Exchange Banks:
1. Collection
of Foreign Bills
2. Accepting
Foreign Bills
3. Issue
of letter of credit
4. Dealing
in Foreign Currencies
5. Discounting
foreign bills
6. Providing
International trade Information to exporters & importers
