Banking job question and answer
1.Value added tax (VAT) is a type of tax levied on value added by any economic activity, and covers :
a) commodities at the manufacturing level
b) commodities at the manufacturing, wholesaling, and retailing level
c) commodities at the manufacturing and wholesaling level
d) commodities and services at the manufacturing, wholesaling, and retailing levels
2.The Sarbanes Oxley Act of USA concerns :
a) aims at improving investor confidence in American corporates
b) improving quality of corporate disclosures and reporting, and increasing the responsibility of officers and directors of companies in these disclosures
c) strengthen the independence of accounting firms
d) all the above
3.The Information Technology Act, 2000 is concerned with :
a) legal recognition of digital signatures
b) definition of various types of computer crimes and penalties for the same
c) appointment of certifying authorities for issuing digital signatures
d) recognition of digital records and their admissibility as evidence in courts
e) all of the above
4.As per RBI benchmark for allocation of bank credit, women beneficiaries should receive at least ____% of net bank credit.
a) 5 b) 10 c) 15 d) 1
5.Export credit should be a minimum of ___% of net bank credit for scheduled commercial banks.
a) 12 b) 15 c) 10 d) 3
6.Loans to software industry up to a limit of Rs._______ are classified as priority sector advances.
a) 50 lacs b) 100 lacs c) 1000 lacs d) 500 lacs
7.The Demutualisation Ordinance amending the Securities Contracts (Regulation) Act, 1956 deals with :
a) operations of foreign mutual funds in India
b) rules and regulations for issue of different securities in the capital market
c) compulsory corporatisation of stock exchanges to bring about transparency and efficiency in their operations
d) process of converting paper based securities into electronic form
8.The WTO Agreements cover global trade in :
a) goods b) services c) intellectual property d) investments in other countries e) all of these f) a, b & c
9.Which committee had recommended the amalgamation of RRBs promoted by sponsor banks?
a) Mitra b) Narasimhan c) Rakesh Mohan d) Malhotra
10. India has entered into Comprehensive Economic Co-operation Agreeement with which of the following countries recently:
a) Singapore b) USA c) Australia d) None of these
11.Bharat Nirman is a four-year business plan embarked by the Government of India for providing rural infrastructure in the areas of :
a) irrigation & water supply b) electrification c) housing d) telecommunication & connectivity
e) all the above
12.NIXI stands for :
a) National & International Exchange of India
b) National Internet Exchange of India
c) Notional Inter Exchange interest
d) None of the above
13.South Asian Free Trade Area (SAFTA) covers _____________ countries.
a) the seven countries who are members of SAARC
b) all countries in South East Asia
c) All countries in South and South-East Asia, and Australia and New Zealand
d) Pakistan, Bangladesh, Bhutan, Sri Lanka, Nepal and Maldives
14.MCA21 is :
a) e-governance project of the Ministry of Company Affairs
b) will enable companies to file their returns online with the Registrar of Companies
c) launched as a pilot in Coimbatore, with plans to extend to Delhi shortly
d) all the above
15.The name of Microsoft Corporation India’s IT initiative for setting up IT kiosks in rural areas is named :
a) Aadhar b) Saksham c) Swadhan d) Shakthi
16.The new chairman of the US Federal Reserve is :
a) Alan Greenspan b) Gordon Brounes c) Ben Bernanke d) George Bush
17.Which credit card company has tied up the Railways to issue a credit cum loyalty card?
a) ICICI Cards b) SBI Cards c) ABN Amro Cards d) Citibank
18.Financial Network Services, the Australian banking software firm, has recently been acquired by :
a) Wipro b) TCS c) Infosys d) HCL
39.SBI has applied to open branches in Pakistan, as per the recent agreement between India and Pakistan, at :
a) Lahore and Karachi b) Islamabad and Karachi
c) Rawalpindi and Sindh d) Lahore and Islamabad
40.The risk weightage on banks’ exposure to capital market exposures is :
a) 100 % b) 125% c) 150% d) 200%
41.Export Oriented Units can retain _____% of their export earnings in foreign currency
.
a) 50 b) 100 c) 80 d) 66.67
42.Foreign investment in private banks, (in aggregate including FDI, FII, NRI, etc.) in India is permitted up to ____%
a) 99 b) 74 c) 49 d) 24
43.The minimum shareholding of RBI in SBI should be ___% as per SBI Act.
a) 50 b) 59 c) 51 d) 55
44.RBI pays interest on CRR balances of banks at _____.
a) Bank Rate b) Repo Rate c) Bank Rate minus 2% d) Zero %
45.The three pillars of the Basel II framework are :
a) Minimum capital requirements b) Asset – Liability Management
c) Market discipline d) Supervisory review e) all the above f) a, c &d
46.The Code of Bank’s Commitment has been issued by :
a) RBI b) SBI c) IBA d) BCSBI
47.For declaring dividend, banks should have a CRAR of at least ____% for the preceding 2 years, and net NPA of less than _____%.
a) 11, 3 b) 9, 7 c) 10, 5 d) 9, 5
48.After ________, foreign banks operating in India will be freed of RBI imposed restrictions on their operations and treated on par with Indian banks.
a) April, 2008 b) April, 2009 c) April, 2010 d) April, 2015
49.Under Section 19(1) of the Banking Regulation Act, 1949, para- banking activities refer to :
a) leasing b) hire purchase finance c) factoring d) credit card operations e) all the above f) only a, b & c
50.The percentage of profit that a bank is required to transfer to its reserve fund as per Banking Regulation Act is ______%.
a) 25 b) 20 c) 30 d) 50
No comments