Model Questions[1]. Module A

8/3/2019 Model Questions[1]. Module A

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MODEL QUESTIONS

MODULE -A


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QUESTION-1

KYC actually meansKnow Your Customer very well

Know Your existing Customer very wellKnow Your prospective Customer very wellSatisfy yourselves about the customers

identity and activities.


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ANSWER -d


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QUESTION -2In a Garnishee Order, the banker on whom

garnishee order served is:a) Judgement Debtor s Creditorb) Judgement Creditor s Creditor

c) Judgement Creditor s Debtord) Judgement Debtor s Debtor


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ANSWER - d


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QUESTION-3

Garnishee order is issued by:Judgement DebtorJudgement Creditor

Judgement Debtor s DebtorNone of the above


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ANSWER- d


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QUESTION -4

RTGS stands for :a)Real Time Sett lement Systemb)Real Time Gross Sett lement System

c)Real Gross Sett lement Systemd)None of the above


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ANSWER -a


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Question 5

Commercial paper can be issued(a) By all corpor a tes

(b) By all corpor a tes with net worth of a t leastRs. 10 crores(c) By all corpor a tes with net worth of a t least

Rs. 5 crores(d) Can be issued on ly by b anks


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ANSWER - c


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Question 6

Banks are regulated by(a) Reserve B ank of Indi a

(b) Ministry of Fin ance(c) Registr a r of Co-oper a tive Societies(d) None of the above


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ANSWER-a


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Question 7

Mutual funds are regulated by(a) Associa tion of Mutu al Funds of Indi a

(AMFI)(b) Securities and Exch ange Bo a rd of Indi a (SEBI)

(c) Reserve B ank of Indi a(d) None of the above


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ANSWER - b


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QUESTION-8

Which of the following statement/s is/are True?i) Commerci al Paper is issued by a Corpor a te

ii) Certific a te of Deposit is issued by a Bankiii)Letter of Credit is non fund b ased line of credita) i and iii

b) ic) i,ii and iii

d) ii and iii


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ANSWER - c


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QUESTION-9

Bank of India, is a nationalized bank. It isclassified as:a) Co-oper a tive Society registered under the Co-

oper a tive Societies Actb) Body corpor a te constituted under the B anking

Comp anies Acquisition and Tr ansfer of Undert akings Act, 1970

c) Comp any registered under the Indi anComp anies Act,1956

d) either b or c


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Answer -b


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QUESTION- 10

The Reserve Bank of India Act,1934 does notdeal with :

a) financial supervision of b anks/fin ancial institutionsb) po licy p lanning of cooper a tive b anks

c) management of forex/forex reservesd) capit al management and business of b anks


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ANSWER -b


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QUESTION -11

Bancassurance isa) an insur ance scheme to insure b ank depositsb) an insur ance scheme exc lusive ly for the emp loyees

of b anksc) a composite fin ancial service offering both b ank and

insur ance productsd) a bank deposit scheme exc lusive ly for emp loyees of

insur ance comp anies


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ANSWER - c


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QUESTION-12

Banking Regulation Act,1949 was enacted toregulate:

a) Reserve B ank of Indi ab) banking comp aniesc) cooper a tive land deve lopment b anks

d) prim a ry agricu ltur al credit socities


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ANSWER - b


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QUESTION-13

PIN in a ATM card is :a) Perm anent Inform a tion Number

b) Person al Identific a tion Numberc) Profession al Identific a tion Numberd) Perm anent Identific a tion Number


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ANSWER -b


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QUESTION-14

Onsite inspections of banks is based on ------methodology .

a) CRISILb) CAMELSc) CCIL

d) LFAR


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ANSWER - b


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QUESTION -15

-------------- pools money from investors andinvests in stocks,bonds, shares

a) a bankb) a merch ant b ankerc) a f actor

d) a mutu al fund


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ANSWER-d


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QUESTION -16

Which is not the function of RBI?a) regu lates forex activities with the he lp of FEMA,1999b) decides B ank r a te,CRR and SLR from time to

timec) opens and m a int a ins SB accountsd) prescribes the c apit al adequ acy ra tio


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ANSWER -c


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QUESTION -17

State which of the following statement/s is/are True?i) open ended schemes a re offered by mutu al funds

ii) banks c annot setup mutu al funds, without RBI s

permissioniii) bank br anches a re used as a distribution ch anne l forinsur ance products of other Comp anies is c alled

bancassur ancea) i,iib) ii,iiic) i,iiid) i,ii,iii


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ANSWER-a


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QUESTION-18

Securitisation under SARFEASIA 2002 is theprocess of acquisition of

loans c lassified as :a) stand a rd assetsb) book debts

c) non performing assetsd) any one of the above


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ANSWER - c


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QUESTION-19

NEFT is:a) Na tion al Electronic Funds Tr ansfer system

offers an efficient,secured,economic al f acilityb)NEFT isava ilab le for ret a il customersc) NEFT isan end to end and covers on ly the

networked br anchesd) all of the above


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ANSWER-d


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QUESTION-20

Exchange Control is a function carried out bya) RBI

b) SEBIc) AMFId) IRDA


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ANSWER -a


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Question 21

Inter-bank call money refers to borrowing among banksfor(a) Overnight(b) Two d ays(b) More th an 14 d ays(c) Less th an 14 d ays

Answer 2 : a


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Answer - a

Documents

Model Questions[1]. Module A