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Round 3 - ICICI - GENERAL BANKING

Total questions: 20

Worksheet time: 20mins

Name
Class
Date
1.

Who issues one rupee notes in India?

a)

RBI

b)

Ministry of Finance

c)

Ministry of Corporate Affairs

d)

NABARD

2.

At present how many public sector banks are working in India?

a)

27

b)

25

c)

29

d)

21

3.

What are ‘Open Market Operations"?

a)

Activities of SEBI-registered brokers

b)

Selling of currency by the RBI

c)

Selling of gilt-edged securities by the govt

d)

Sale of share by FIIs

4.

Bank deposit that can be withdrawn without any notice are called?

a)

Account Payee Deposit

b)

Fixed Deposit

c)

Variable Deposit

d)

Demand Draft

5.

Green Banking means?

a)

Development of Forestry by Banks

b)

Financing of Environment Friendly Projects by Banks

c)

Financing of Irrigation Projects by Banks

d)

All of these

6.

An instrument of qualitative credit control in India is?

a)

Open Market Operations

b)

Credit Rationing

c)

Change in Reserve Ratio

d)

Bank Rate Policy

7.

The present Indian monetary system is based on?

a)

Gold Reserve System

b)

Proportional Reserve System

c)

Convertible Currency System

d)

Minimum Reserve System

8.

With which of the following is SARFAESI Act 2002 related?

a)

Recovery of bad loans

b)

Regulation of Foreign Exchange

c)

Fixation of interest rates

d)

Acquisition of small banks

9.

Which of following agencies laid down guidelines for foreign companies who wish to raise money for Indian capital market?

a)

RBI

b)

IRDA

c)

Registrar of Companies

d)

SEBI

10.

Which of the following banks was inaugurated by Mahatma Gandhi in 1919?

a)

Bank of Maharashtra

b)

Bank of Baroda

c)

State Bank of Saurashtra

d)

Union Bank of India

11.

What are teaser loan rates charged by banks?

a)

Rate of interest which is competitively changed in relation to other banks

b)

Floating rate of interest charged by banks

c)

Low rate of interest in the initial period which goes up subsequently

d)

Higher rate of interest in the initial period which goes down subsequently

12.

Currency Swap is an instrument to manage?

a)

Currency Risk

b)

Interest Rate Risk

c)

Currency and Interest Rates Risk

d)

Cash Flow in Different Currencies

13.

Regional Rural Banks were established in the year__

a)

1975

b)

1972

c)

1973

d)

1969

14.

The share of State Govt in the capital of Regional Rural Bank is____

a)

50%

b)

15%

c)

25%

d)

35%

15.

ATMs that are owned and managed by non-banking entities are known as____

a)

Red Label ATMs

b)

White Label ATMs

c)

Green Label ATMs

d)

Blue Label ATMs

16.

What is the ratio of deposits which commercial banks are required to keep with themselves called?

a)

CRR

b)

SLR

c)

both

17.

Deposits which are payable after the expiry of a fixed period are called -

a)

time deposits.

b)

demand deposits.

c)

NONE

18.

Which bank is called lender of last resort?

a)

Commercial bank

b)

Agricultural bank

c)

Central bank

19.

What is the reserve deposit ration (rdr)?

a)

the proportion of money RBI lends to commercial banks

b)

the proportion of total deposits commercial banks keep as reserves

c)

the total proportion of money that commercial banks lend to the customers

20.

What is the Cash Reserve Ratio (CRR)?

a)

the fraction of the deposits that commercial banks lend to the customers

b)

the fraction of the deposits that RBI must keep with commercial banks

c)

the fraction of the deposits that commercial banks must keep with RBI