Banking : General Awareness

Banking Based General Awareness

SET-1

1. Which of the following is not a recommendation made by A K Purwar Committee?
(A) Merger of loss making RRBs in their sponsored banks
(B) Merger of weak commercial banks in strong banks
(C) Merger of all RRBs into State Bank of India
(D) Merger of RRBs at zonal basis
Ans : (D)

2. Which of the following RRBs has a plan for state-wise merger of RRBs?
(A) State Bank of India
(B) Punjab National Bank
(C) Bank of Baroda
(D) All the above
Ans : (D)

3. A Regional Rural Bank does banking operations in a—
(A) Notified area
(B) Village
(C) District
(D) State
Ans : (A)

4. Punjab National Bank has recently merged its three Regional Rural Banks in Punjab. What is the name of merged entity?
(A) Gurudaspur Amritsar Regional Rural Bank
(B) Kapoorthala Firozpur Regional Rural Bank
(C) Shivalik Regional Rural Bank
(D) Punjab Gramin Bank
Ans : (D)

5. Union Bank of India has recently merged its three Regional Rural Banks in Uttar Pradesh. What is the name of merged entity?
(A) Gorakhpur Regional Rural Bank
(B) Ganga Yamuna Regional Rural Bank
(C) Basti Gramin Bank
(D) Kashi Gomti Samyut Gramin Bank
Ans : (D)

6. Canara Bank has recently merged its four Regional Rural Banks in Karnataka. What is the name of merged entity?
(A) Pragati Gramin Bank
(B) Pitambra Gramin Bank
(C) Santhal Regional Rural Bank
(D) Manjira Gramin Bank
Ans : (A)

7. Syndicate Bank has recently merged its four Regional Rural Banks in Karnataka. What is the name of merged entity?
(A) Karnataka Vikas Bank
(B) Shivpuri Gramin Bank
(C) Shriram Regional Rural Bank
(D) Malaprabha Gramin Bank
Ans : (A)

8. Central Bank of India has recently merged its three Regional Rural Banks in Maharashtra. What is the name of merged entity?
(A) Kalptaru Gramin Bank
(B) Vidarbha Kshetria Gramin Bank
(C) Junagarh-Amreli Gramin Bank
(D) Mumbai-Goa Regional Rural Bank
Ans : (B)

9. Bank of Baroda has recently merged its 5 Regional Rural Banks in Rajsthan. What is the name of merged entity?
(A) Panchmahal Vadodra Gramin Bank
(B) Surat Baruch Gramin Bank
(C) Surat Valsad Gramin Bank
(D) Baroda Gramin Bank
Ans : (D)

10. State Bank of Saurashtra has recently merged its three Regional Rural Banks. What is the name of merged entity?
(A) Jamnagar Rajkot Gramin Bank
(B) Saurashtra Gramin Bank
(C) Surendranagar Bhavnagar Gramin Bank
(D) Junagarh Amreli Gramin Bank
Ans : (B)

11. Punjab National Bank has recently merged its three Regional Rural Banks in Uttar Pradesh. What is the name of merged entity?
(A) Ganga Jamuna Gramin Bank
(B) Uttar Pradesh Gramin Bank
(C) Lucknow Kshetria Gramin Bank
(D) Vidur Gramin Bank
Ans : (B)

12. Punjab National Bank has recently merged its three Regional Rural Banks in Hariyana. What is the name of merged entity?
(A) Haryana Gramin Bank
(B) Hisar Gramin Bank
(C) Hisar Kurukshetra Gramin Bank
(D) Haryana Kshetria Gramin Bank
Ans : (A)

13. Central Bank of India has recently merged its 7 RRBs in Bihar. What is the name of merged entity?
(A) Madhumani Gramin Bank
(B) Vaishali Gramin Bank
(C) Uttar Bihar Gramin Bank
(D) Mithila Koshi Gramin Bank
Ans : (C)

14. Bank of Baroda has recently merged its 7 RRBs in Uttar Pradesh. What is the name of merged entity?
(A) Baroda Gramin Bank
(B) Baroda U.P. Gramin Bank
(C) Baroda Lucknow Gramin Bank
(D) Baroda Eastern U.P. Gramin Bank
Ans : (D)

15. Local Area Banks are classified under—
(A) Private Sector
(B) Public Sector
(C) Govt. Sector
(D) Co-operative Sector
Ans : (A)

16. A Local Area Bank can do business in maximum………………..district(s).
(A) One
(B) Two
(C) Three
(D) Five
Ans : (C)

17. Minimum Paid-up Capital of a Local Area Bank is—
(A) Rs 1 crore
(B) Rs 2 crore
(C) Rs 5 crore
(D) Rs 10 crore
Ans : (C)

18. Which of the following Local Area Banks was merged in Bank of Baroda in 2004?
(A) South Gujrat Local Area Bank
(B) Manipal Local Area Bank
(C) Central Gujrat Local Area Bank
(D) Vinayak Local Area Bank
Ans : (A)

19. Which is the first Local Area Bank of India?
(A) Coastal Local Area Bank
(B) Capital Local Area Bank
(C) Krishnabhim Smridhi Local Area Bank
(D) Vinayak Local Area Bank
Ans : (C)

20. When was Coastal Local Area Bank established?
(A) December 1999
(B) December 2000
(C) December 2001
(D) December 2002
Ans : (A)

21. Where was Coastal Local Area Bank established?
(A) Vijayawada
(B) Hyderabad
(C) Secunderabad
(D) Rajmundri
Ans : (A)

22. Which of the following statements is correct in respect of Capital Local Area Bank?
1. It is the third Local Area Bank in the country
2. It was established in January 2000 at Nakodar (Punjab)
3. All its branches are fully computerised
(A) 1
(B) 2
(C) 1 and 2
(D) 1, 2 and 3
Ans : (D)

23. Local Area Banks are required to increase their capital from Rs 5 crore to………………..in next 5 to 7 years—
(A) Rs 10 crore
(B) Rs 20 crore
(C) Rs 25 crore
(D) Rs 50 crore
Ans : (C)

24. Local Area Banks are required to have a minimum Capital Adequacy Ratio of—
(A) 8%
(B) 10%
(C) 12%
(D) 15%
Ans : (D)

25. Reserve Bank of India has cancelled licence of………………..Local Area Bank.
(A) South Gujrat Local Area Bank
(B) Manipal Local Area Bank
(C) Central Gujrat Local Area Bank
(D) Vinayak Local Area Bank
Ans : (D)

SET-2

1. Hanil Bank, that opened its first branch at New Delhi in India in March 1997, belongs to—
(A) China
(B) South Korea
(C) Hongkong
(D) Taiwan
Ans : (B)

2. China Trust Commercial Bank, which has opened its first branch in India in April 1996, belongs to—
(A) China
(B) South Korea
(C) Hong Kong
(D) Taiwan
Ans : (D)

3. The first foreign bank that has been permitted by Reserve Bank of India to handle Currency Chest in India is—
(A) Standard Chartered Bank
(B) China Trust Commercial Bank
(C) Hongkong & Shanghai Banking Corporation
(D) ABN Amro Bank
Ans : (A)

4. What target has been fixed for a foreign bank functioning in India to provide priority sector lending as a percentage of net bank credit?
(A) 40%
(B) 33–1/3 %
(C) 32%
(D) 25%
Ans : (C)

5. If a foreign bank does not achieve the target of 32% priority sector lending, it has to deposit the amount of shortfall with—
(A) State Bank of India
(B) EXIM Bank
(C) SIDBI
(D) None of the above
Ans : (C)

6. If a foreign bank wants to establish its subsidiary unit in India, the minimum Paid up Capital of that subsidiary should be—
(A) Rs. 100 crore
(B) Rs. 200 crore
(C) Rs. 300 crore
(D) Rs. 500 crore
Ans : (C)

7. Which of the following foreign banks has acquired 14.7% stake in UTI Bank?
(A) Hongkong & Shanghai Banking Corporation.
(B) Standard Chartered Bank
(C) ABN Amro
(D) Citi Bank
Ans : (A)

8. Which of the following is Counseling Bank for modernization of airports at New Delhi and Mumbai?
(A) China Trust Commercial Bank
(B) Standard Chartered Bank
(C) ABN Amro
(D) Citi Bank
Ans : (C)

9. Which of the following has acquired 'Korea First Bank' of Korea?
(A) China Trust Commercial Bank
(B) Standard Chartered Bank
(C) ABN Amro
(D) Citi Bank
Ans : (B)

10. Foreign banks are working in India in—
(A) Public Sector
(B) Private Sector
(C) Cooperative Sector
(D) All the above
Ans : (B)

11. Govt of India has recently given permission to 'Overseas Chinese Banking Corporation' to establish wholly owned bank in India. To which country does OCBC belong?
(A) Singapore
(B) Taiwan
(C) South Korea
(D) China
Ans : (A)

12. Standard Chartered Bank has not acquired Indian operations of
(A) Bank of Bahrain and Kuwait
(B) Grindlays Bank
(C) Sumitomo Mitshui Banking Corporation
(D) Mizuho Bank
Ans : (D)

13. Which foreign bank has a plan to enter in Indian banking sector?
(A) PT Bank Indomonex, Indonesia
(B) Giro Commercial Bank, Kenya
(C) Habib Bank, Pakistan
(D) Rupali Bank, Bangladesh
Ans : (C)

14. Evolution of co-operative banks in India was made in the year—
(A) 1904
(B) 1909
(C) 1914
(D) 1919
Ans : (A)

15. How many co-operative banks and co-operative societies have been providing loans to Agriculture Sector in our country?
(A) 101422
(B) 102422
(C) 103422
(D) 104422
Ans : (D)

16. Which of the following statements is correct?
1. District Co-operative Banks have been established at District level.
2. Primary Co-operative Banks have been established at Village level.
3. State Co-operative Banks have been established at Apex level.
(A) 1
(B) 1 and 2
(C) 2 and 3
(D) 1, 2 and 3
Ans : (D)

17. Which of the following states has largest number of urban co-operative banks?
(A) Maharashtra
(B) Gujrat
(C) Karnataka
(D) Andhra Pradesh
Ans : (A)

18. Maintenance of Investment Fluctuation Reserve is necessary for a cooperative bank that has its deposits of …………………... or more.
(A) Rs 50 crore
(B) Rs 100 crore
(C) Rs 200 crore
(D) Rs 500 crore
Ans : (B)

19. A Primary (Urban) Co-operative Bank can open its Extension Counter only if its NPA level is below………………….and it has earned Net Profit for last…………………years and more.
(A) 10%, 2 Years
(B) 9%, 2 Years
(C) 8%, 3 Years
(D) 7%, 3 Years
Ans : (A)

20. A Primary (Urban) Co-operative Bank can provide Safe Deposit Locker facility to its customers only if its NPA level is below……………………..and it has earned Net Profit for last……………………...years and more.
(A) 10%, 2 Years
(B) 9%, 2 Years
(C) 8%, 3 Years
(D) 7%, 3 Years
Ans : (D)

21. Which of the following facilities are prohibited to be provided by Urban Cooperative Banks at their Extension Counters?
1. Granting of loans and advances.
2. Encashment of Traveller's Cheques.
3. Issuance and Encashment of Bank Drafts.
(A) 1
(B) 2
(C) 1 and 2
(D) 1, 2 and 3
Ans : (A)

22. An Urban Co-operative Bank can open its Extension Counter at—
1. Educational Institutions and Hospitals
2. Big Offices and Factories
3. Residential Areas
(A) 1
(B) 2
(C) 1 and 2
(D) 1, 2 and 3
Ans : (D)

23. A scheduled urban co-operative bank having its NPA level of……………………or more cannot accept deposits from a non-scheduled urban co-operative bank.
(A) 5%
(B) 6%
(C) 7%
(D) 8%
Ans : (C)

24. Minimum networth of an urban co-operative bank should be……………………for doing insurance business.
(A) Rs 50 crore
(B) Rs 100 crore
(C) Rs 200 crore
(D) Rs 500 crore
Ans : (B)

25. Which of the following is a scheduled co-operative bank?
1. Ahmedabad Mercantile Co-operative Bank
2. Bharat Co-operative Bank
3. Development Co-operative Bank
(A) 1
(B) 1 and 2
(C) 2 and 3
(D) 1, 2 and 3
Ans : (B)


SET-3

1. Which of the following is a function of Exim Bank?
1. Discounting of Export Bills.
2. Providing technical assistance to exporters.
3. Providing counseling services to exporters.
(A) Only 1
(B) Only 1 and 2
(C) Only 2 and 3
(D) 1, 2 and 3
Ans : (D)

2. With a view to provide Factoring and Forfaiting services to Indian exporters, EXIM Bank has established a joint venture jointly with—
(A) West Dutch Lands Bank
(B) Bank of Nova Scotia
(C) Union Bank of Switzerland
(D) Bank National De Paris
Ans : (A)

3. Out of 7 offices in India, Exim Bank has no office in—
1. Hyderabad, Kanpur, Jaipur
2. Banglore, Ahmedabad, Pune
3. New Delhi, Mumbai, Kolkata, Chennai
(A) 1
(B) 2
(C) 1 and 2
(D) 2 and 3
Ans : (A)

4. Out of 5 offices abroad, Exim Bank has no office in—
1. Singapore, Rome
2. Landon, Thailand
3. Washington D.C., Johannesburg, Budapest
(A) 1
(B) 2
(C) 1 and 2
(D) 2 and 3
Ans : (B)

5. Which of the following statements is correct regarding Exim Bank?
1. It provides Financial advises and counseling services for inter-nationalization of business of Indian Companies which are foreign oriented.
2. It provides Working Capital Term Loan to export oriented units.
3. It provides refinance for export credit.
(A) 1
(B) 1 and 2
(C) 2 and 3
(D) 1, 2 and 3
Ans : (D)

6. Exim Bank has decided to acquire some stake in—
(A) Commonwealth Bank of Australia
(B) Royal Bank of Scotland
(C) Development Bank of Mauritius
(D) United Bank of Switzerland
Ans : (C)

7. Which of the following is a joint venture of EXIM Bank?
(A) Global Procurement Consultants Ltd., Mumbai
(B) Development Bank of Zambia
(C) West African Development Bank
(D) State Bank ocean International
Ans : (A)

8. Export Import Bank of India has recently signed a Memorandum of Understanding (MoU) with—
(A) Economic Development Board of Bahrain
(B) Economic Development Board of Singapore
(C) Economic Development Board of Thailand
(D) All the above
Ans : (A)

9. When was National Housing Bank established?
(A) July 1982
(B) July 1985
(C) July 1988
(D) July 1991
Ans : (C)

10. Which is an apex body with regard to housing finance?
(A) National Housing Bank
(B) Housing & Urban Development Corporation
(C) Housing Development Finance Corporation
(D) SBI Home Finance
Ans : (A)

11. Whose subsidiary is National Housing Bank?
(A) State Bank of India
(B) Reserve Bank of India
(C) Housing Development Finance Corporation
(D) ICICI Bank
Ans : (B)

12. The Paid up Capital of National Housing Bank is—
(A) Rs 150 crore
(B) Rs 250 crore
(C) Rs 350 crore
(D) Rs 450 crore
Ans : (D)

13. Which of the following statements is correct regarding National Housing Bank?
1. It provides refinance to scheduled commercial banks.
2. It provided Guarantee and Underwriting services to Housing Finance institutions.
3. It is not authorised to audit account books of Housing Finance institutions and scheduled commercial banks.
(A) 1
(B) 1 and 2
(C) 2 and 3
(D) 1, 2 and 3
Ans : (B)

14. Which of the following statements is correct regarding National Housing Bank?
1. It is an apex bank for housing finance.
2. It can make a plan for raising funds and providing loans for housing.
3. It cannot raise its resources through issuance of debentures.
(A) 1
(B) 1 and 2
(C) 2 and 3
(D) 1, 2 and 3
Ans : (B)

15. When was Home Loan Account Scheme launched by National Housing Bank?
(A) 1st July 1989
(B) 1st July 1991
(C) 1st July 1993
(D) 1st July 1995
Ans : (A)

16. An account can be opened in a………………………under Home Loan Account Scheme of National Housing Bank.
1. Specified branches of scheduled banks
2. National Housing Bank
3. Post Offices (Selected)
(A) 1
(B) 2
(C) 1 and 2
(D) 1, 2 and 3
Ans : (A)

17. A depositor is required to deposit a certain sum of money for a minimum period of …………………………. to be eligible for a loan under Home Loan Account scheme of National Housing Bank.
(A) 1 year
(B) 2 years
(C) 3 years
(D) 5 years
Ans : (D)

18. Commercial banks can provide loans to housing finance companies to the extent of…………………………of net owned funds of the respective bank.
(A) 2 times
(B) 3 times
(C) 5 times
(D) No limit
Ans : (D)

19. Every housing finance company is required to transfer………………….of its net profit to a Reserve Fund before declaring any dividend.
(A) 5%
(B) 10%
(C) 15%
(D) 20%
Ans : (D)

20. For building a house, loan can be obtained through scheduled commercial banks and …………………..under ‘Swarn Jayanti Rural Housing Finance Scheme’ of National Housing Bank.
1. Agriculture & Rural Development Bank
2. Housing Finance Companies.
3. State level Scheduled Cooperative Banks.
4. Co-operative Housing Finance Companies.
(A) 1 and 2
(B) 1 and 3
(C) 1, 2 and 3
(D) 1, 2, 3 and 4
Ans : (D)

21. What is the maximum repayment period under ‘Swarn Jayanti Rural Housing Finance Scheme’ of National Housing Bank?
(A) 10 years
(B) 15 years
(C) 20 years
(D) 25 years
Ans : (B)

22. Housing Finance Companies are required to maintain minimum capital adequacy ratio of—
(A) 9%
(B) 10%
(C) 11%
(D) 12%
Ans : (D)

23. A Housing Finance Company can provide loan to an individual to the extent of.........................of its net owned funds.
(A) 15%
(B) 20%
(C) 25%
(D) 30%
Ans : (A)

24. A Housing Finance Company can provide loan to a group to the extent of……………………..of its net owned funds.
(A) 20%
(B) 25%
(C) 30%
(D) 35%
Ans : (C)

25. A Housing Finance Company can invest in other companies to the extent of........................of its net owned funds.
(A) 5%
(B) 10%
(C) 15%
(D) 20%
Ans : (A)

SET-4


1. When was Bank of Gujrat established?
(A) 15th August 1993
(B) 15th August 1994
(C) 15th August 1995
(D) 15th August 1996
Ans : (B)

2. Where is the Head Office of Bank of Gujrat Ltd.?
(A) Ahmedabad
(B) Baroda
(C) Bhavnagar
(D) Gandhinagar
Ans : (A)

3. What is the upper limit of foreign holding in private sector banks in our country?
(A) 10%
(B) 24%
(C) 49%
(D) 74%
Ans : (D)

4. Where is the Head Office of HDFC Bank Ltd.?
(A) Hyderabad
(B) Mumbai
(C) New Delhi
(D) None of the above
Ans : (B)

5. Where is the Head Office of ICICI Bank Ltd.?
(A) Indore
(B) Mumbai
(C) Chennai
(D) None of the above
Ans : (C)

6. Which of the following has opened its 500th Branch in December 2004 at Mumbai?
(A) HDFC Bank
(B) ICICI Bank
(C) Federal Bank
(D) Development Credit Bank
Ans : (B)

7. Karur Vaisya Bank has launched a cobranded Smart Cash Debit Card jointly with—
(A) HDFC Bank Ltd.
(B) IDBI Bank Ltd.
(C) UTI Bank Ltd.
(D) Centurian Bank of Punjab Ltd.
Ans : (C)

8. Head Office of UTI Bank is located at—
(A) Indore
(B) Mumbai
(C) Chennai
(D) Ahmedabad
Ans : (D)

9. First branch of UTI Bank Ltd. was opened at—
(A) Mumbai
(B) Indore
(C) Ahmedabad
(D) Hyderabad
Ans : (C)

10. Which is the first financial company that was converted into a Bank?
(A) Mahindra & Mahindra P. Ltd.
(B) Ambani Finance P. Ltd.
(C) Reliance Finance P. Ltd.
(D) None of the above
Ans : (D)

11. Which of the following private sector banks is the newest amongst others?
(A) Kotak Mahindra Bank Ltd.
(B) Development Credit Bank Ltd.
(C) HDFC Bank Ltd.
(D) Yes Bank Ltd.
Ans : (D)

12. How many private sector banks (except foreign banks) are there in India?
(A) 27
(B) 29
(C) 33
(D) 36
Ans : (B)

13. Which bank has been deleted in April 2005 from the 2nd schedule of Reserve Bank of India?
(A) IDBI Bank Ltd.
(B) UTI Bank Ltd.
(C) Yes Bank Ltd.
(D) Development Credit Bank Ltd.
Ans : (A)

14. ICICI Bank has announced to reduce its stake in Federal Bank from 20.76% to 5%. It will sell its stake to—
(A) National Bank of Pakistan
(B) International Finance Corporation
(C) ABN Amro
(D) State Bank of India
Ans : (B)

15. Which of the following is a foreign promoter in Yes Bank?
(A) Federal Reserve Bank
(B) Standard Chartered Bank
(C) Rabo Bank
(D) Barclays Bank
Ans : (C)

16. Foreign bank means a bank—
1. That has been incorporated outside India
2. That has its 51% or more branches out side India
3. Whose more than 51% Equity Capital is owned by foreign persons
(A) 1
(B) 1 and 2
(C) 2 and 3
(D) 1, 2 and 3
Ans : (A)

17. How many foreign banks are there in India?
(A) 27
(B) 31
(C) 42
(D) 53
Ans : (C)

18. Which is the largest foreign bank in our country?
(A) ABN Amro Bank
(B) Hongkong & Shanghai Banking Corporation
(C) Standard Chartered Bank
(D) American Express Bank
Ans : (C)

19. A foreign bank in India can repatriate its earnings from operations in India to its Head Office without obtaining prior approval from Reserve Bank of India at …………………….rests.
(A) Annually
(B) Half-Yearly
(C) Quarterly
(D) Monthly
Ans : (C)

20. Union Bank of Switzerland and Swiss Bank Corporation have been merged to form—
(A) Union Swiss Bank
(B) United Bank of Switzerland
(C) Swiss Union Bank
(D) United Swiss Bank
Ans : (B)

21. Which foreign bank has launched Home Banking service under which Cash upto Rs. 25000 can be delivered to a customer at his Home or Office?
(A) ABN Amro Bank.
(B) Hongkong & Shanghai Banking Corporation
(C) Standard Chartered Bank
(D) American Express Bank
Ans : (B)

22. Which is the first foreign bank to offer interest on Savings Bank accounts at quarterly intervals?
(A) Bank of Nova Scotia
(B) Hongkong & Shanghai Banking Corporation
(C) Standard Chartered Bank
(D) Dresdner Bank
Ans : (B)

23. Which is the first foreign bank to introduce 'Telebanking' services in India?
(A) Citi Bank
(B) Hongkong & Shanghai Banking Corporation
(C) Standard Chartered Bank
(D) Chase Manhattan Bank
Ans : (A)

24. First foreign bank to introduce 'International Credit Card' in India is—
(A) Bank of Nova Scotia
(B) Hongkong & Shanghai Banking Corporation
(C) Standard Chartered Bank
(D) Dresdner Bank
Ans : (B)

25. Which subsidiary of Long Tern Credit Bank of Japan was declared as insolvent?
(A) Japan Factoring Company
(B) Tokyo Hire Purchase Company
(C) Japan Leasing Corporation
(D) Tokyo Finance Corporation
Ans : (C)

SET-5

1. Which is the first co-operative bank that has multi-states branches in India?
(A) Bombay Mercantile Co-operative Bank
(B) Charminar Co-operative Bank
(C) Maharashtra Shahri Sahakari Bank
(D) Uttar Pradesh Urban Co-operative Bank
Ans : (A)

2. What is the minimum capital requirement for a co-operative bank under Banking Regulation Act?
(A) Rs 1 crore
(B) Rs 2 crore
(C) Rs 5 crore
(D) Rs 10 crore
Ans : (A)

3. Which co-operative bank has introduced 'Apoorv Nutan Scheme' under which a bearer cheque can be encashed at any branch of drawee bank?
(A) Nutan Nagrik Sahakari Bank
(B) Maharashtra Shahri Sahakari Bank
(C) Bombay Mercantile Co-operative Bank
(D) Development Co-operative Bank
Ans : (A)

4. Non-scheduled Primary Co-operative Banks are required to maintain Cash Reserve Ratio (CRR) of ……………………… of their Net Demand & Time Liabilities.
(A) 3%
(B) Equal to Bank Rate
(C) Bank Rate – 1%
(D) Bank Rate + 1 %
Ans : (A)

5. Scheduled Primary Co-operative Banks are required to maintain Cash Reserve Ratio (CRR) of……………………of their Net Demand & Time Liabilities.
(A) 3%
(B) 4%
(C) 4.5%
(D) 5%
Ans : (D)

6. Scheduled Primary Co-operative Banks are required to provide…………………..of their total advances to Priority Sector.
(A) 40%
(B) 50%
(C) 60%
(D) None of the above
Ans : (C)

7. Scheduled Primary Co-operative Banks are required to provide……………………… of their total advances to Weaker Sections.
(A) 25%
(B) 30%
(C) 40%
(D) None of the above
Ans : (A)

8. Saraswat Co-operative Bank is making efforts to acquire—
(A) Maratha Mandir Co-operative Bank
(B) South Indian Co-operative Bank
(C) Nasik People Co-operative Bank
(D) All the above
Ans : (D)

9. Shamrao Vitthal Co-operative Bank is making efforts to acquire—
(A) Shriram Co-operative Bank, Nasik
(B) Sauhadra Co-operative Bank, Bangalore
(C) Samast Co-operative Bank, Mumbai
(D) All the above
Ans : (D)

10. Which of the following statements is incorrect?
1. Only Central Co-operative Banks have access to Reserve Bank of India.
2. Co-operative Banks are established at unitary basis.
3. Reserve Bank of India has no control over co-operative banks.
(A) 1
(B) 1 and 2
(C) 2 and 3
(D) 1, 2 and 3
Ans : (D)

11. Which of the following statements is correct?
1. Primary Co-operative Banks can be in cluded in 2nd Schedule of Reserve Bank of India.
2. Co-operative banks cannot invest in Capital Issues of All India Development Institutions.
3. District Central Co-operative Banks can not open an NRE Account.
(A) 1
(B) 1 and 2
(C) 2 and 3
(D) 1, 2 and 3
Ans : (A)

12. Which is the largest Urban Co-operative Bank of Asia?
(A) Bombay Urban Co-operative Bank
(B) Maharashtra Shahri Sahakari Bank
(C) Bombay Mercantile Co-operative Bank
(D) Development Co-operative Bank
Ans : (C)

13. Which of the following statements is in correct?
1. Co-operative banks are exempted from maintaining Cash Reserve Ratio.
2. State Governments subscribe in the capital of State Co-operative Banks.
3. Primary Credit Societies can be members of State Co-operative Banks.
(A) 1
(B) 1 and 2
(C) 2 and 3
(D) 1, 2 and 3
Ans : (A)

14. At which interest rate does Reserve Bank of India provide loans to State Co-operative Banks for banking activities?
(A) Bank Rate
(B) Bank Rate – 1%
(C) Bank Rate – 0.5%
(D) None of the above
Ans : (A)

15. Under which Act is a Land Development Bank registered in our country?
(A) Indian Companies Act
(B) Development Banks Act
(C) Banking Regulation Act
(D) Co-operative Societies Act
Ans : (D)

16. A Land Development Bank is a bank that provides
(A) Long term loans for land reforms activities
(B) Loans for development of weaker sections
(C) Short term loans to farmers
(D) All the above
Ans : (A)

17. How many Land Development Banks are there in our country?
(A) 20
(B) 40
(C) 6
(D) 80
Ans : (A)

18. Concurrent Audit is necessary for—
(A) those urban co-operative banks which have total deposits of Rs. 50 crore or more
(B) those urban co-operative banks which have total deposits of Rs. 100 crore or more
(C) those urban co-operative banks which have total deposits of Rs. 200 crore or more
(D) all urban co-operative banks
Ans : (D)

19. Some small co-operative banks are facing anger of their depositors because most of the depositors want to withdraw their money at a time. How the interests of depositors can be protected in the eyes of Law, in case of closure of a co-operative bank? (Select the right statement)
1. Small depositors are assured because deposits upto Rs. 1 lac of a depositor are insured.
2. Depositors have preference in the capital of the bank; and the depositors will loss their money only when the loss of the bank are more than the capital of the bank.
3. Each depositor is paid a sum of Rs. 10000 or entire balance in his account (whichever is less).
(A) Only 1 above
(B) 1 and 2 only
(C) 1 and 3 only
(D) 1, 2 and 3
Ans : (B)

20. Reserve Bank of India has asked to loss making urban co-operative banks to initiate action—
(A) Surrender of Banking licence
(B) Merger in a strong bank
(C) Liquidation of the Bank
(D) Anyone of the above three
Ans : (D)

21. 90-days prudential norms for classification of an asset as non-performance asset (NPA) are applicable for urban co-operative banks, RRBs and commercial banks with effect from.
(A) March 2001
(B) March 2002
(C) March 2003
(D) March 2004
Ans : (D)

22. 90-days prudential norms for classification of an asset as non-performance asset (NPA) are applicable for State Co-operative Banks and District Central Co-operative Banks with effect from—
(A) April 2003
(B) April 2004
(C) April 2005
(D) April 2006
Ans : (D)

23. Which is the first co-operative bank to introduce Core Banking?
(A) Orissa State Co-operative Bank
(B) Maharashtra State Shahri Sahakari Bank
(C) Bombay Mercantile Co-operative Bank
(D) Development Co-operative Bank
Ans : (A)

24. Which of the following co-operative banks can undertake Repo transaction?
(A) Scheduled big co-operative banks
(B) Scheduled small co-operative banks
(C) Non-scheduled co-operative banks
(D) All the above
Ans : (D)

25. How many State Co-operative Banks (out of 30) did not comply the instructions of Reserve Bank of India regarding minimum requirement of Paid up Capital and Reserve of Rs. 1 lac?
(A) 7
(B) 17
(C) 27
(D) 37
Ans : (A)

SET-6


1. Two public sector banks of India have set up 'Commercial Bank of India', a joint venture in Moscow. Which are partner banks with 60 : 40 ratio in this joint venture?
1. State Bank of India
2. Punjab National Bank
3. Canara Bank
4. Bank of Baroda
(A) 1 and 2
(B) 1 and 3
(C) 1 and 4
(D) 3 and 4
Ans : (B)

2. Which is the first public sector bank to introduce Voluntary Retirement Scheme (VRS)?
(A) State Bank of India
(B) Punjab National Bank
(C) Allahabad Bank
(D) United Bank of India
Ans : (B)

3. Which is the first public sector bank to introduce retail stock broking business?
(A) Canara Bank
(B) Central Bank of India
(C) State Bank of India
(D) Punjab National Bank
Ans : (C)

4. The assets of UTI Assets Management Company have been transferred to four organisations including 'Life Insurance Corporation of India' and three public sector banks. Which of the following banks is not included in it?
(A) State Bank of India
(B) Punjab National Bank
(C) Bank of Baroda
(D) Central Bank of India
Ans : (D)

5. Which is the first public sector bank to introduce Website for imparting knowledge about crops, farming season, agriculture sector, soil etc?
(A) Syndicate Bank
(B) Union Bank of India
(C) Punjab National Bank
(D) State Bank of India
Ans : (C)

6. Which public sector bank is not listed in Share Market?
1. Punjab & Sindh Bank
2. Indian Bank
3. United Bank of India
4. Central Bank of India
(A) 1
(B) 2
(C) 1 and 2
(D) 1, 2 and 3
Ans : (D)

7. Which is the first bank to introduce retail sales of gold coins in India?
(A) Corporation Bank
(B) Punjab National Bank
(C) Canara Bank
(D) Central Bank of India
Ans : (A)

8. Saudi Arabia Monetary Agency has recently issued a licence to a public sector bank to introduce banking operations in Saudi Arab. What is the name of this bank?
(A) Punjab National Bank
(B) State Bank of India
(C) Canara Bank
(D) Corporation Bank
Ans : (B)

9. Which is the first public sector bank to introduce the loan for purchase of consumer durables?
(A) Corporation Bank
(B) Indian Overseas Bank
(C) Indian Bank
(D) Punjab & Sindh Bank
Ans : (B)

10. Which is the first public sector bank to enter in the area of Business Process Outsourcing?
(A) Corporation Bank
(B) Syndicate Bank
(C) Canara Bank
(D) United Bank of India
Ans : (B)



11. What is the minimum initial capital required to set up a bank in private sector in India?
(A) Rs 100 crore
(B) Rs 200 crore
(C) Rs 300 crore
(D) Rs 500 crore
Ans : (B)

12. How many private sector banks have been permitted by Reserve Bank of India to do Govt. Business (Direct and Indirect Tax Collection, Pension Payment etc.) as an Agent of Govt. of India?
(A) 1
(B) 2
(C) 3
(D) 4
Ans : (D)

13. Which of the following banks is not authorised to do Govt. Business?
(A) ICICI Bank Ltd.
(B) Centurian Bank of Punjab Ltd.
(C) HDFC Bank Ltd.
(D) lDBI Bank Ltd.
Ans : (B)

14. Which of the following banks has been authorised by Reserve Bank of India to do Govt. Business?
(A) UTI Bank Ltd.
(B) IndusInd Bank Ltd.
(C) Bank of Gujrat Ltd.
(D) Centurian Bank of Punjab Ltd.
Ans : (A)

15. IDBI Bank is a—
(A) Scheduled commercial bank
(B) Non-scheduled commercial bank
(C) Development Financial Institution
(D) None of the above
Ans : (A)

16. Which of the following private sector banks has opened its Representative Office at Dubai?
(A) HDFC Bank Ltd.
(B) lDBI Bank Ltd.
(C) UTI Bank Ltd.
(D) Centurian Bank Ltd.
Ans : (C)

17. Which of the following banks has acquired, in May 2005, Investitsiono Kreditni Bank (IKB) of Russia?
(A) Yes Bank
(B) Kotak Mahindra Bank
(C) ICICI Bank
(D) IDBI Ltd.
Ans : (C)

18. Which is the first private sector bank to introduce Internet Banking services for Nonresident Indians?
(A) IndusInd Bank Ltd.
(B) ICICI Bank Ltd.
(C) HDFC Bank Ltd.
(D) Times Bank Ltd.
Ans : (B)

19. Which is the first private sector bank to link its Term Deposit Interest Rate with Bank Rate?
(A) ICICI Bank Ltd.
(B) Centurial Bank of Punjab Ltd.
(C) HDFC Bank Ltd.
(D) IndusInd Bank Ltd.
Ans : (B)

20. Which is the first private sector bank to introduce Voluntary Retirement Scheme (VRS)?
(A) Federal Bank Ltd.
(B) ICICI Bank Ltd.
(C) Bank of Madura Ltd.
(D) Bharat Overseas Bank Ltd.
Ans : (C)

21. First private sector bank to introduce 'Sunday Banking' in India is—
(A) ICICI Bank Ltd.
(B) Times Bank Ltd.
(C) HDFC Bank Ltd.
(D) IndusInd Bank Ltd.
Ans : (B)

22. First private sector bank to introduce 'Offshore Banking' in India is
(A) Federal Bank Ltd.
(B) ICICI Bank Ltd.
(C) Bank of Madura Ltd.
(D) Bharat Overseas Bank Ltd.
Ans : (D)

23. Reserve Bank of India has permitted…………………………to increase stock market exposure upto 10% of aggregate advances as at the end of last Financial Year.
(A) HDFC Bank
(B) ICICI Bank
(C) Federal Bank
(D) Development Credit Bank
Ans : (A)

24. Which is the first private sector bank with foreign promoter?
(A) Yes Bank
(B) Development Credit Bank
(C) Laxmi Vilas Bank
(D) ING Vaisya Bank
Ans : (B)

25. Which is the first private sector bank to issue Equity Shares to retail investors at discount?
(A) Kotak Mahindra Bank Ltd.
(B) Yes Bank Ltd.
(C) IDBI Ltd.
(D) ICICI Bank Ltd.
Ans : (D)



SET-7

1. Which is the company set up for retail stock broking business by SBI Capital Markets Ltd., a banking subsidiary company of State Bank of India?
(A) SBI Securities Ltd.
(B) SBI Caps Securities Ltd.
(C) SBI Broking Finance Ltd.
(D) SBI Securities and Stock Broking Ltd.
Ans : (B)

2. Which is the company with whom State Bank of India has tied up recently for setting up an information technology joint venture named C-Edge Technologies?
(A) Satyam Infosys
(B) Reliance Info services Ltd.
(C) Tata Consultancy Services Ltd.
(D) C-Edge Services India Ltd.
Ans : (C)

3. What is the shareholding of State Bank of India in the Paid up Capital of C-Edge Technologies, an information technology joint venture?
(A) 24 %
(B) 30 %
(C) 51 %
(D) 74 %
Ans : (C)

4. How many banks are there in public sector in our country?
(A) 28
(B) 20
(C) 27
(D) 19
Ans : (C)

5. Which of the following banks is classified under Public Sector?
1. State Bank of Indore
2. Miraj State Bank
3. Jammu & Kashmir Bank
(A) 1
(B) 1 and 2
(C) 2 and 3
(D) 1, 2 and 3
Ans : (A)

6. Which of the following banks is not classified under Public Sector?
1. Bank of Credit and Commerce International
2. Development Credit Bank
3. ICICI Bank
(A) 1
(B) 1 and 2
(C) 2 and 3
(D) 1, 2 and 3
Ans : (D)

7. Which of the following is included under Public Sector Banks?
1. All nationalised banks
2. State Bank of India
3. 7 Subsidiaries of SBI
4. Reserve Bank of India
(A) 1
(B) 1 and 2
(C) 1, 2 and 3
(D) 1, 2, 3 and 4
Ans : (C)

8. Which of the Public Sector Banks had opened in Shenzen (China) its first office?
(A) Bank of Baroda
(B) Bank of India
(C) Punjab National Bank
(D) Syndicate Bank
Ans : (B)

9. Which is the first public sector bank to bring its Public Issue at par?
(A) Corporation Bank
(B) Dena Bank
(C) Syndicate Bank
(D) Bank of Baroda
Ans : (C)

10. Which is the subsidiary of State Bank of India in which State Bank of India has its lowest stake?
(A) State Bank of Hyderabad
(B) State Bank of Travancore
(C) State Bank of Saurashtra
(D) State Bank of Patiala
Ans : (A)

11. Which is the first Public Sector Bank to increase its Equity Capital through Public Issue?
(A) Corporation Bank
(B) Dena Bank
(C) Syndicate Bank
(D) State Bank of India
Ans : (D)

12. Which of the Public Sector Banks has its Head Office in the State of Gujrat?
1. Bank of Saurashtra
2. Bank of Baroda
3. Bank of India
(A) 1
(B) 2
(C) 1 and 2
(D) 1, 2 and 3
Ans : (A)

13. Canara Bank, Union Bank of India, Central Bank of India, United Commercial Bank and ……………………. have jointly launched ATM Network Cash Online Service under which a customer of any of the branch of these 5 Public Sector Banks can transact through any ATM of the Group of these banks.
(A) Bank of Baroda
(B) Indian Overseas Bank
(C) Corporation Bank
(D) Punjab National Bank
Ans : (B)

14. Which is the first Public Sector Bank that has been included in Master Card ATM Network?
(A) Corporation Bank
(B) State Bank of India
(C) Canara Bank
(D) Bank of Baroda
Ans : (C)

15. Which is the first Subsidiary of Punjab National Bank?
(A) PNB Gilts Ltd.
(B) PNB Housing Finance Ltd.
(C) PNB Capital Services Ltd.
(D) PNB Mutual Fund
Ans : (C)

16. As per a list published by Ministry of Finance in February 2005, 'stronger banks' can enter in new areas of business and in foreign markets without prior-permission from Govt. of India. What are these 'stronger banks'?
1. Banks that have Capital Adequacy Ratio of 9% or above
2. Banks that have non-performing assets below 4%
3. Banks that have net owned funds of Rs. 300 crore or more
4. Banks that have earned net profit in last three consecutive years
(A) 1
(B) 1 and 2
(C) 1, 2 and 3
(D) 1, 2, 3 and 4
Ans : (D)

17. There is a pre-condition that the bank should have earned profit during last………………..consecutive years, with a view to provide managerial autonomy to public sector banks by Ministry of Finance.
(A) 5
(B) 4
(C) 3
(D) 2
Ans : (C)

18. There is a pre-condition that the public sector bank should have Capital Adequacy Ratio of………………………for getting managerial autonomy (Recruitment, Posting, Transfer, Training, and Promotion) from Ministry of Finance.
(A) 10% or more
(B) 9% or more
(C) 8% or more
(D) 6% or more
Ans : (B)

19. There is a pre-condition that the public sector bank should have level of NPAs ………………………… for getting managerial autonomy like recruitment, posting, transfer, training, promotion etc. from Ministry of Finance.
(A) Below 6%
(B) Below 7%
(C) Below 8%
(D) Below 9%
Ans : (D)

20. Which of the following banks have 100% Govt. holdings in its Paid up Capital ?
1. Central Bank of India
2. Indian Bank
3. Punjab & Sindh Bank
4. United Bank of India
(A) 1
(B) 1 and 2
(C) 1, 2 and 3
(D) 1, 2, 3 and 4
Ans : (D)

21. How many banks in public sector have 100% Govt. holding in Paid up Capital of them?
(A) 4
(B) 5
(C) 6
(D) 7
Ans : (A)

22. What should be the minimum owned capital of a public sector bank?
(A) Rs. 100 crore
(B) Rs. 200 crare
(C) Rs. 300 crare
(D) Rs. 500 crare
Ans : (A)

23. What is the maximum limit of foreign holding in a public sector bank?
(A) 10%
(B) 20%
(C) 24%
(D) 49%
Ans : (B)

24. Which is the first bank to introduce intra-bank inter-city Cheque Truncation System in India?
(A) State Bank of India
(B) Punjab National Bank
(C) Corporation Bank
(D) Bank of Baroda
Ans : (B)

25. Which of the following bank has established its branch in July 2004 in Afghanistan that is first branch of any Indian bank in that country?
(A) State Bank of India
(B) Canara Bank
(C) Punjab National Bank
(D) Bank of Baroda
Ans : (C)

SET-8


1. Which of the following co-operative banks has merged its 10 loss-making branches?
(A) Ahmedabad Mercantile Co-operative Bank.
(B) Bharat Co-operative Bank.
(C) Madhavpura Mercantile Co-operative Bank.
(D) Express Co-operative Bank of Maharashtra and Goa.
Ans : (C)

2. Which of the following statements is correct regarding co-operative banks?
1. State Co-operative Bank is Apex Co-operative bank whose capital is owned by Central Co-operative Banks and State Governments.
2. Each State has one or more State Co operative Bank(s).
3. State Co-operative Banks can establish their branches at centre where there is no Central Co-operative bank.
(A) 1
(B) 1 and 2
(C) 2 and 3
(D) 1, 2 and 3
Ans : (D)

3. A non-scheduled Urban Co-operative Bank can deposit…………………of its capital in a scheduled Urban Co-operative Bank.
(A) 10%
(B) 15%
(C) 20%
(D) 25%
Ans : (C)

4. A scheduled Urban Co-operative Bank can mobilize deposits from a non-scheduled Urban Cooperative Banks to the extent of……………………..of its total demand and time liabilities in preceding year—
(A) 10%
(B) 15%
(C) 20%
(D) 25%
Ans : (A)

5. Non-scheduled Urban Co-operative Banks can have deposits in those non-scheduled Urban Co-operative Banks
(A) That have earned Net Profit in last three Financial Years.
(B) That have NPA level of below 7%.
(C) That have Capital Adequacy Ratio of 9% or more.
(D) All the above
Ans : (D)

6. The NPA level of a District Central Co-operative Bank or a Regional Rural Bank should be less than………………... to get unlimited refinance fork NABARD?
(A) 15%
(B) 12%
(C) 10%
(D) 6%
Ans : (A)

7. Which of the following statements is correct regarding Central Cooperative Banks?
1. These banks are established under Co-operative Societies Act 1912.
2. Each district has a Central Co-operative Bank whose Capital is owned by Primary Co-operative Societies.
3. These banks, like other banks, mobilize public deposits and provide short term loans to their customers.
(A) 1
(B) 1 and 2
(C) 2 and 3
(D) 1, 2 and 3
Ans : (D)

8. Which of the following statements is not correct regarding Primary Co-operative Credit Societies?
1. These Societies mobilize deposits from rural and urban areas and provide short-term loan to its members.
2. Entrance Fees, Share Capital, Deposits from Public, Reserve Fund, and Deposits from other credit societies/co-operative banks are the major sources of Capital of these Societies.
3. These Societies provide loans to their members only.
(A) 1
(B) 1 and 2
(C) 2 and 3
(D) 1, 2 and 3
Ans : (D)

9. Which co-operative bank was closed and reopened?
(A) Charminar Co-operative Bank
(B) Janta Co-operative Bank, Dholka
(C) Welfare Co-operative Bank, Bhavnagar
(D) Ujjwal Co-operative Bank, Ahmedabad
Ans : (A)

10. Which of the following statements is correct regarding Urban Co-operative Banks?
1. There are more than 2000 Urban Co-operative Banks in India at present.
2. Urban Co-operative Banks are regulated by Reserve Bank of India and Registrar of Co-operative Societies both.
3. 90-days NP A norms are applicable in Urban Co-operative Banks since March 2004.
(A) 1
(B) 1 and 2
(C) 2 and 3
(D) 1, 2 and 3
Ans : (D)

11. Which is the first Urban Co-operative Bank to introduce 'Entrepreneurship Core Banking'?
(A) Bharat Co-operative Bank Ltd.
(B) Gujrat Co-operative Bank Ltd.
(C) Maharashtra State Co-operative Bank Ltd.
(D) Ahmedabad Mercantile Co-operative Bank Ltd.
Ans : (A)

12. Capital Adequacy Norms are applicable for Urban Co-operative Banks (as are applicable to commercial banks) from
(A) March 2005
(B) March 2006
(C) March 2007
(D) March 2008
Ans : (A)

13. Which is the largest co-operative bank of India?
(A) Saraswat Co-operative Bank
(B) Shamrao Vitthal Co-operative Bank
(C) Maratha Mandir Co-operative Bank
(D) South Indian Co-operative Bank
Ans : (A)

14. How many Primary Agricultural Societies regulated by NABARD are functioning in India?
(A) 604
(B) 704
(C) 804
(D) 904
Ans : (C)

15. Which Urban Co-operative Bank has been declared by Reserve Bank of India as a non-scheduled co-operative bank?
(A) Thane Bharat Sahakari Bank
(B) Jorastrain Co-operative Bank
(C) Both the above
(D) None of the above
Ans : (C)

16. A scheduled co-operative bank is a co-operative bank that has its aggregate Demand and Time Liabilities of…………………..or more and which has been authorised by Reserve Bank of India to issue Bank Guarantee.
(A) Rs 50 crore
(B) Rs 100 crore
(C) Rs 200 crore
(D) Rs 500 crore
Ans : (B)

17. NABARD provides unlimited refinance facility to a co-operative bank if—
1. its NPA level is below 15%.
2. its Capital Adequacy Ratio is more than 9%.
3. its loan recovery is 90% or more.
(A) 1
(B) 1 and 2
(C) 2 and 3
(D) 1, 2 and 3
Ans : (A)

18. How many Urban Co-operative Banks are there in India?
(A) 2104
(B) 3104
(C) 4104
(D) 5104
Ans : (A)

19. How many scheduled Urban Co-operative Banks are there in India?
(A) 52
(B) 72
(C) 92
(D) 112
Ans : (A)

20. How many State Co-operative Banks are there in India?
(A) 30
(B) 40
(C) 50
(D) 60
Ans : (A)

21. What is the number of branches of all State Co-operative Banks?
(A) 847
(B) 947
(C) 1047
(D) 1147
Ans : (A)

22. How many District Central Co-operative Banks are there in India?
(A) 284
(B) 318
(C) 384
(D) 418
Ans : (B)

23. What is the number of branches of all 318 District Central Co-operative Banks?
(A) 9652
(B) 10652
(C) 11652
(D) 12652
Ans : (D)

24. How many Primary Co-operative Banks are there in India?
(A) 1425
(B) 1525
(C) 1625
(D) 1725
Ans : (B)

25. What is the number of branches of all 1525 Primary Co-operative Banks?
(A) 4000
(B) 5000
(C) 6000
(D) 7000
Ans : (A)

SET-9


1. Which of the following statements is not correct in respect of Local Area Banks?
(A) It is registered under Indian Companies Act
(B) It is not included in second schedule of Reserve Bank of India Act
(C) Provisions that are applicable to RRBs are also applicable to Local Area Bank
(D) It is established wholly in private sector and it has no stake of Govt. in the capital
Ans : (B)

2. What should be the minimum stake of promoter in the capital of a Local Area Bank?
(A) Rs. 1 crore
(B) Rs. 2 crore
(C) Rs. 5 crore
(D) None of the above
Ans : (B)

3. How many Local Area Banks are there in India?
(A) 3
(B) 5
(C) 8
(D) 12
Ans : (A)

4. Which of the following is not a Local Area Bank out of three functioning at present?
(A) Coastal Local Area Bank, Vijayawada (Andhra Pradesh)
(B) Capital Local Area Bank, Nakodar (Punjab)
(C) Krishna Bhim Smridhi Local Area Bank, Mehbubnagar (Andhra Pradesh)
(D) Manipal Local Area Bank, Manipal (Karnataka)
Ans : (D)

5. Who is the chairperson of National Bank of Agriculture & Rural Development (NABARD)?
(A) Y S P Thorat
(B) K C Pant
(C) Bimal Jalan
(D) Ms Ranjana Kumar
Ans : (A)

6. 'National Bank of Agriculture & Rural Development' was established on the recommendations of—
(A) B Shivraman
(B) N L Dantwala
(C) D R Gadgil
(D) A D Gorewala
Ans : (A)

7. When was 'NABARD' established?
(A) 12th July 1980
(B) 12th July 1982
(C) 12th July 1984
(D) 12th July 1986
Ans : (B)

8. Which of the following undertakings were merged to form 'National Bank of Agriculture & Rural Development'?
1. 1.Agriculture Credit Department of RBI
2. 2.Agriculture Refinance and Development Corporation
3. Rural Planning and Credit Centre
(A) 1 and 2
(B) 1 and 3
(C) 2 and 3
(D) 1, 2 and 3
Ans : (B)

9. The contribution of Govt. of India and Reserve Bank of India in the capital of NABARD is in the ratio of—
(A) 75: 25
(B) 60: 40
(C) 50: 50
(D) None of the above
Ans : (C)

10. Which of the following committees is directly related to NABARD?
(A) Review Committee of Institutional Credit Arrangement for Agriculture and Rural Development
(B) Banking Services Committee for Agriculture and Rural Development
(C) Loan and Refinance Facility Committee for Agriculture and Rural Development
(D) None of the above
Ans : (A)

11. NABARD provides refinance to commercial banks to the extent of…….............in connection with loans granted by them for dry land development and wasteland development.
(A) 70%
(B) 80%
(C) 90%
(D) 100%
Ans : (D)

12. Which of the following statements is correct regarding NABARD?
1. It is an apex bank functioning for Agriculture and Rural Development.
2. It provides refinance to commercial banks for all-round rural development.
3. It cannot raise funds from abroad.
(A) 1 and 2
(B) 1 and 3
(C) 2 and 3
(D) 1, 2 and 3
Ans : (B)

13. NABARD has established a Rs 50000 crore ……………………….for agriculture and rural infrastructure.
(A) Prime Minister Rural Infrastructure Fund
(B) Ambedkar Agriculture and Rural Infrastructure Fund
(C) Loknayak Jaiprakash Narayan Fund
(D) Chaudhry Charan Singh Infrastructure Fund
Ans : (C)

14. On 1st January 2004, NABARD established……………………which is its wholly owned subsidiary.
(A) NABARD Construction Ltd.
(B) NABARD Consultancy Services Ltd.
(C) National Bank for Consultancy Services
(D) All the above
Ans : (B)

15. Which of the following statements is incorrect?
(A) Micro Management of RRBs is in the hands of NABARD
(B) Inspection of co-operative banks/RRBs is a regulatory function of NABARD
(C) Credit Card issued by NABARD is known as Kisan Credit Card
(D) Board of Directors of NABARD comprises of 15 members including Chairman
Ans : (A)

16. What is the rate of interest charged by NABARD on refinance provided to commercial banks in respect of loans for establishing Agriculture Business Centre or Agriculture Clinic?
(A) 5.50%
(B) 5.75%
(C) 6%
(D) 6.25%
Ans : (A)

17. What is the new name of Micro Finance Development Fund established by NABARD?
(A) National Equity Fund
(B) Micro Finance Development and Equity Fund
(C) Rural Development Equity Fund
(D) Integrated Rural Development Fund
Ans : (B)

18. What is the corpus of 'Micro Finance Development and Equity Fund' set up in NABARD?
(A) Rs. 100 crore
(B) Rs. 200 crore
(C) Rs. 500 crore
(D) Rs. 1000 crore
Ans : (B)

19. NABARD provides refinance facility for farm sector activities irrespective of location of the project. For non-farm sector activities, NABARD provides refinance in rural and other areas, where population does not exceed 50000. Which is not included in non-farm activities?
(A) SSI
(B) Road/Water Transport Operator
(C) Hospital
(D) Business Unit
Ans : (D)

20. Export Import Bank (Exim Bank) was established on—
(A) 1st January 1980
(B) 1st January 1981
(C) 1st January 1982
(D) 1st January 1983
Ans : (B)

21. The Head Office of Exim Bank is situated at—
(A) New Delhi
(B) Mumbai
(C) Kolkata
(D) Chennai
Ans : (B)

22. Authorised Capital of Exim Bank is—
(A) Rs 500 crore
(B) Rs 1000 crore
(C) Rs 2000 crore
(D) None of the above
Ans : (B)

23. Paid up Capital of Exim Bank is—
(A) Rs 299.99 crore
(B) Rs 399.99 crore
(C) Rs 499.99 crore
(D) None of the above
Ans : (C)

24. What is the stake of Govt. of India in Paid up Capital of Exim Bank?
(A) 51%
(B) 55%
(C) 76%
(D) 100%
Ans : (D)

25. Which of the following is not a function of Exim Bank?
1. To provide loans to foreign Governments and banks in foreign countries.
2. To provide financial assistance to exporters of Indian goods/services.
3. To promote foreign buyers for buying Indian goods/services.
(A) Only 1
(B) Only 1 and 2
(C) Only 2 and 3
(D) 1, 2 and 3
Ans : (A)

SET-10

1. Which of the following statements is incorrect in respect of an ATM?
1. A person can withdraw upto Rs 3000 per day from an ATM.
2. Two or more banks can jointly establish an ATM.
3. Through an ATM, the amount can be withdrawn at any day and at any time.
(A) 1
(B) 1 and 2
(C) 1, 2 and 3
(D) None of the above
Ans : (A)

2. Which is the first public sector bank to provide ATM facility independently?
(A) State Bank of India
(B) Corporation Bank
(C) Dena Bank
(D) Bank of Baroda
Ans : (A)

3. Five public sector banks have jointly introduced ATM Network Cash Online Services under which a customer of any of these five banks can transact from any ATM of another banks of the group. Four of these banks are Canara Bank, Union Bank of India, Central Bank of India and UCO Bank. Which is the fifth bank of the group?
(A) Bank of Baroda
(B) Indian Overseas Bank
(C) Corporation Bank
(D) Punjab National Bank
Ans : (B)

4. About 18000 ATMs (Onsite and Offsite) have been set up in our country? What is the percentage of Offsite ATMs in them?
(A) 27%
(B) 37%
(C) 47%
(D) 57%
Ans : (D)

5. Which of the following conducts Shared Payment Network System (SPNS)?
(A) Reserve Bank of India.
(B) State Bank of India
(C) Indian Banks' Association
(D) National Institute of Bank Management
Ans : (C)

6. Which is the ATM Network that is sponsored by Indian Banks' Association?
(A) ATM Net
(B) RBI Net
(C) SWADHAN
(D) None of the above
Ans : (C)

7. Which is the first public sector bank that was included in Master Card ATM Network?
(A) Corporation Bank
(B) State Bank of India
(C) Canara Bank
(D) Bank of Baroda
Ans : (C)

8. India Switch Company, which managed IBA's SWADHAN Network, has managed a new Network. What is the name of this new network?
(A) BANCS
(B) BANCASSURANCE
(C) BANKMASTER
(D) BANK PLUS
Ans : (A)

9. Which is the first bank to introduce Floating ATM facility in India?
(A) State Bank of India
(B) ICICI Bank
(C) Corporation Bank
(D) UTI Bank
Ans : (A)

10. What is the new name of shared payment network facility that is being provided jointly by Development Credit Bank, IDBI Bank, UTI Bank, Citi Bank, Standard Chartered Bank and Corporation Bank?
(A) CASHNET
(B) SHARENET
(C) EURONET
(D) SAFETYNET
Ans : (A)

11. Which is the first bank that has installed an ATM at Thegu (a place that is 13200 feet high from sea level), near Nathula Pass of Sikkim?
(A) ICICI Bank
(B) State Bank of India
(C) Corporation Bank
(D) UTI Bank
Ans : (D)

12. Which is the first bank to establish more than 5000 ATMs in India?
(A) State Bank of India
(B) Punjab National Bank
(C) Central Bank of India
(D) ICICI Bank
Ans : (A)

13. Where was India's first Drive-in ATM established by State Bank of India?
(A) Mumbai
(B) Hyderabad
(C) Bangalore
(D) New Delhi
Ans : (B)

14. Where did State Bank of India establish its first floating ATM, Jhankar Boat?
(A) Gateway of India—Kovlam
(B) Kovlam—Rameshwar
(C) Ernakulam—Vyapin (Kochchi)
(D) Thiruvanantpuram—Chennai
Ans : (C)

15. What are Hot Listed ATM Cards?
(A) Lost cards
(B) Vishwa Yatra cards
(C) American Smart Cards
(D) Cards issued by Corporates
Ans : (A)

16. How many ATMs have so far established in our country?
(A) 10000
(B) 12000
(C) 15000
(D) 18000
Ans : (D)

17. Which bank has proposed to introduce lowcost ATMs in rural areas supported by biometric authentication i.e. through finger print identification?
(A) State Bank of India
(B) Punjab National Bank
(C) ICICI Bank
(D) Corporation Bank
Ans : (C)

18. Shared ATM Network among Punjab National Bank, UTI Bank, Oriental Bank of Commerce and Indian Bank is called—
(A) MITR
(B) Fast ATM
(C) CBS
(D) Wide ATM
Ans : (A)

19. Which is the first nationalised bank to provide mobile ATM Facility in India?
(A) ICICI Bank
(B) Andhra Bank
(C) Corporation Bank
(D) Canara Bank
Ans : (B)

20. How many centres in India do operate Electronic Fund Transfer system?
(A) 4
(B) 8
(C) 10
(D) 15
Ans : (D)

21. In which year was Electronic Fund Transfer system launched as pilot basis, between Mumbai and Chennai?
(A) 1994
(B) 1996
(C) 1998
(D) 2000
Ans : (A)

22. Which is the first bank to introduce Electronic Fund Transfer scheme?
(A) State Bank of India
(B) Canara Bank
(C) Corporation Bank
(D) Bharat Overseas Bank
Ans : (C)

23. Electronic Fund Transfer is a service of money transfer—
1. From one city to another but in the branch of same bank.
2. From one branch of a bank in a city to another branch in the same city.
3. From one bank to another bank and from one branch of a bank in a city to other branch of another bank in another city.
(A) 1
(B) 2
(C) 1 and 2
(D) 1, 2 and 3
Ans : (D)

24. What is the time limit for transfer of money under 'Electronic Fund Transfer'?
(A) 24 hours
(B) 36 hours
(C) 48 hours
(D) 60 hours
Ans : (A)

25. What is the maximum amount per transaction under 'Electronic Fund Transfer' Scheme?
(A) Rs. 1 crore
(B) Rs. 2 crore
(C) Rs. 5 crore
(D) No limit
Ans : (D)

SET-11

1. Which is the first bank to introduce Credit Card in India?
(A) Bank of India
(B) Global Trust Bank
(C) IndusInd Bank
(D) Central Bank of India
Ans : (D)

2. Which of the following statements is correct in respect of Credit Card?
1. It is a source of revolving credit.
2. It is one of the means for obtaining cash.
3. It is a mean for payment of goods and services.
(A) 1
(B) 2
(C) 1 and 2
(D) 1, 2 and 3
Ans : (D)

3. Which of the following statements is correct in respect of Credit Card?
(A) While purchasing something, the buyer customer neither pays in cash not gives a cheque to seller
(B) The customer can buy goods on credit through a Credit Card upto a certain limit
(C) Both of the above
(D) None of the above
Ans : (C)

4. Which of the following banks has issued largest number of Credit Cards?
(A) Standard Chartered Bank
(B) Citi Bank
(C) ABN Amro
(D) ICICI Bank
Ans : (D)

5. For which of the following purpose an Indian can use of his International Credit Cards subject to his eligibility of foreign currency?
1. Meeting foreign travel expenses
2. Subscription for foreign magazine
3. Import of some goods
(A) 1
(B) 2
(C) 1 and 2
(D) 1, 2 and 3
Ans : (C)

6. Which is the first bank to launch Debit Card in India?
(A) Standard Chartered Bank
(B) Citi Bank
(C) ABN Amro
(D) American Express
Ans : (B)

7. Which of the following statements is correct in respect of Debit Card?
1. The customer needs not to carry his cheque book and wait until approval.
2. The customer presents his Debit Card to the seller and signs 'Sale Slip'.
3. The amount of purchase is debited to the account of the customer.
(A) 1
(B) 2
(C) 1 and 2
(D) 1, 2 and 3
Ans : (D)

8. Which is the first Indian bank to introduce Debit Cards in India?
(A) UTI Bank Ltd.
(B) Times Bank Ltd.
(C) Canara Bank
(D) Corporation Bank
Ans : (B)

9. Which committee has recommended introduction of Smart Card?
(A) Rangrajan Committee
(B) Saraf Committee
(C) Nayak Committee
(D) Pannirselvam Committee
Ans : (B)

10. What is the period of time after which a Kisan Credit Card is renewed?
(A) 12 months
(B) 25 months
(C) 36 months
(D) 72 months
Ans : (C)

11. Which of the following statements is correct in respect of Kisan Credit Card?
(A) Credit limit of cardholder is determined on the basis of ownership of agriculture land
(B) Cash Credit facility in respect of all crops is provided on Kisan Credit Card
(C) Both of the above
(D) None of the above
Ans : (C)

12. Which institutions did issue the first City Affinity Card in Ju1y 2002?
(A) ICICI Bank Ltd.
(B) SBI Cards & Payment Services Ltd.
(C) HDFC Bank Ltd.
(D) Punjab National Bank
Ans : (B)

13. Which bank has issued Visa Mini Card, smallest payment card of India?
(A) State Bank of India
(B) ICICI Bank Ltd.
(C) HDFC Bank Ltd.
(D) Panjab National Bank
Ans : (B)

14. Which bank has issued largest number of Credit Cards?
(A) State Bank of India
(B) Citi Bank
(C) ICICI Bank
(D) Standard Chartered Bank
Ans : (C)

15. Which bank has issued largest number of Debit Cards?
(A) ICICI Bank
(B) Standard Chartered Bank
(C) State Bank of India
(D) Citi Bank
Ans : (A)

16. What is the number of Credit Cards that have been issued in India so far?
(A) 110 lac
(B) 120 lac
(C) 130 lac
(D) 140 lac
Ans : (D)

17. What is the number of Debit Cards that have been issued in India so far?
(A) 176 lac
(B) 186 lac
(C) 196 lac
(D) 206 lac
Ans : (D)

18. What is the other name of Credit Card that is popular in banking world?
(A) PAN Card
(B) PIN Card
(C) Electronic Cheque
(D) Plastic Money
Ans : (D)

19. Why are Credit Cards useful?
(A) Risk of carrying cash is very low
(B) It is helpful in case of contingent purchasing
(C) There is an increase in sales indirectly
(D) All the above
Ans : (D)

20. Which bank has recently issued Marathon Credit Card?
(A) State Bank of India
(B) ICICI Bank
(C) Standard Chartered Bank
(D) Development Credit Bank
Ans : (C)

21. State Bank of India has recently issued a cobranded Credit Card through tie up with_______________, a consumer equipments industrial company.
(A) Whirlpool India
(B) LG Electronics India
(C) Videocon International
(D) Hutch India
Ans : (B)

22. Which private sector bank has launched 'Forex on Swipe' scheme for its Credit/Debit Cardholders under which Credit/Debit Cardholders of the Bank can get necessary foreign currency through their Cards during their foreign travels?
(A) ICICI Bank
(B) HDFC Bank
(C) Centurian Bank of Punjab
(D) IndusInd Bank
Ans : (A)

23. Which statement is incorrect with regard to General Credit Card (GCC) scheme?
(A) GCCs are issued by commercial banks to meet general credit requirement of customers in rurl/semi-urban areas
(B) Total credit facility under a GCC for an individual should not exceed Rs. 25,000
(C) Banks should not insist for collateral securities while issuing GCCs
(D) A loan disbursed under GCC Scheme is not a part of Priority Sector Lending
Ans : (D)

24. Which is the first bank to establish an ATM and where was first ATM established?
(A) Barchiys Bank—in 1967 in London
(B) Citi Bank—in 1965 in New York
(C) Hongkong & Shanghai Banking Corporation—in 1963 in Shanghai
(D) Di-Ichi-Kangyo Bank—in 1961 in Tokyo
Ans : (A)

25. At which place can a bank establish an Automated Teller Machine?
1. At Bank premises or a nearby place.
2. At railway platform or airport or petrol pump or hospital.
3. In a train or factory or super bazaar.
(A) 1
(B) 1 and 2
(C) 1 and 3
(D) 1, 2 and 3
Ans : (D)


SET-12

1. First co-operative bank of India was established in………………..State.
(A) Maharashtra
(B) Gujrat
(C) Uttar Pradesh
(D) Madhya Pradesh
Ans : (B)

2. What should be the minimum net worth of a co-operative bank for selling policies of an insurance company?
(A) Rs. 100 crore
(B) Rs. 50 crore
(C) Rs. 20 crore
(D) Rs. 10 crore
Ans : (B)

3. Housing Loans granted to an individual by an urban co-operative bank will be classified under priority sector if the amount of loan does not exceed—
(A) Rs. 7.5 lac
(B) Rs. 10 lac
(C) Rs. 15 lac
(D) Rs. 20 lac
Ans : (C)

4. Pune based Saraswat Co-operative Bank has announced for acquisition of—
(A) Maratha Mandir Co-operative Bank
(B) Cosmos Co-operative Bank
(C) Bombay Mercantile Co-operative Bank
(D) Abhudaya Co-operative Bank
Ans : (A)

5. Cosmos Co-operative Bank has been voluntarily merged with—
(A) South Indian Co-operative Bank
(B) Premier Co-operative Urban Bank
(C) Jamnagar Rajkot Sahakari Bank
(D) Nutan Nagrik Sahakari Bank
Ans : (B)

6. Which is the first bank to set up overseas operations?
(A) Cosmos Co-operative Bank
(B) Saraswat Co-operative Bank
(C) Kalupur Commercial Co-operative Bank
(D) Mahila Utkarsh Co-operative Bank
Ans : (B)

7. Regional Rural Banks were established on the recommendations of—
(A) Narsimham Committee
(B) N. L. Dantwala Committee
(C) B. Sivraman Committee
(D) S. M. Kelkar Committee
Ans : (A)

8. First RRB of our country was established on—
(A) 2nd October 1974
(B) 2nd October 1975
(C) 2nd October 1976
(D) 2nd October 1977
Ans : (B)

9. RRBs are classified under—
(A) Co-operative banks
(B) Development banks
(C) Public sector banks
(D) Private sector banks
Ans : (C)

10. A Regional Rural Bank is sponsored by—
(A) Co-operative Bank
(B) Scheduled Commercial Bank
(C) State Govt.
(D) Reserve Bank of India
Ans : (B)

11. How many RRBs are there in our country?
(A) 196
(B) 176
(C) 156
(D) None of the above
Ans : (D)

12. What is the Authorised Capital of a Regional Rural Bank?
(A) Rs 1 crore
(B) Rs 5 crore
(C) Rs 10 crore
(D) Rs 100 crore
Ans : (B)

13. Minimum Paid up Capital of a Regional Rural Bank should be—
(A) Rs 1 crore
(B) Rs 2 crore
(C) Rs 5 crore
(D) None of the above
Ans : (A)

14. Contribution of Central Govt., State Govt. and sponsored bank in Paid up Capital of a Regional Rural Bank is in the ratio of—
(A) 50: 15: 35
(B) 60: 25: 15
(C) 60: 20: 20
(D) 50: 25: 25
Ans : (A)

15. Which of the following is the first computerized RRB of India?
(A) North Malbar Gramin Bank
(B) Kaktia Gramin Bank
(C) South Malbar Gramin Bank
(D) Nutan Kshetria Gramin Bank
Ans : (C)

16. What is the pre-condition for a Regional Rural Bank for doing insurance business?
1. Positive net worth.
2. Net Profit in last three consecutive years.
3. Level of gross NPAs below 10%.
4. Recommendation of sponsor bank.
(A) 1
(B) 1 and 2
(C) 1, 2 and 3
(D) 1, 2, 3 and 4
Ans : (D)

17. Which committee has recommended merger of RRBs in their sponsored banks?
(A) A. M. Khusro Committee
(B) M. S. Verma Committee
(C) S. H. Khan Committee
(D) None of the above
Ans : (A)

18. Which of the following statements is incorrect regarding RRB?
1. These banks are exempted from maintenance of SLR and CRR
2. These banks can do non-fund based business
3. These banks can invest in shares and debentures of companies
(A) 1
(B) 1 and 2
(C) 2 and 3
(D) 1, 2 and 3
Ans : (A)

19. Which of the following statements is correct regarding RRBs?
1. It is not obligatory for these banks to provide 40% of their total advances to Priory Sector.
2. These banks are free to determine their lending rates.
3. Minimum and maximum Paid up Capital of these banks is Rs 25 lac and Rs 1 crore respectively
(A) 1
(B) 1 and 2
(C) 2 and 3
(D) 1, 2 and 3
Ans : (C)

20. Which of the following RRBs was first authorised to open NRI Accounts?
(A) North Malbar Gramin Bank
(B) Ruhelkhand Gramin Bank
(C) Nutan Kshetria Gramin Bank
(D) Jamuna Gramin Bank
Ans : (A)

21. On the recommendations of………………………no Regional Rural Bank has been established since April 1987—
(A) Kelkar Committee
(B) Khusro Committee
(C) Padamnabhan Committee
(D) Basu Committee
Ans : (A)

22. Which of the following states has no RRBs?
1. Sikkim
2. Goa
3. Arunachal Pradesh
4. Nagaland
(A) 1 and 2
(B) 3 and 4
(C) 2, 3 and 4
(D) 1, 2, 3 and 4
Ans : (A)

23. Regional Rural Banks have their branches in……………districts of the country—
(A) 418
(B) 468
(C) 518
(D) 568
Ans : (C)

24. Regional Rural Banks are required to provide…………………..…of their loans to Priority Sector?
(A) 30%
(B) 40%
(C) 50%
(D) 60%
Ans : (C)

25. The number of branches of all RRBs is ……………….... (percent) of total branches of all scheduled commercial banks.
(A) 12%
(B) 22%
(C) 32%
(D) 42%
Ans : (B)