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Q1. Centurion Bank of Punjab was taken over by which of the following banks?
1) ICICI
2) IDBI
3) HDFC
4) SBI
5) PNB

Q2. In the money market, when the money is borrowed or lend for period between 2 days and 14 days, it is known as
1) term Money
2) notice Money
3) hot money
4) cold money
5) transit money

Q3. The deposit account maintained with a commercial bank in which there is no limit on the number of withdrawals/deposits is a
1) recurring account
2) term deposit account
3) savings account
4) current account
5) Other than those given as options

Q4. The private lender Bandhan Bank is headquartered at
1) Mumbai
2) Kolkata
3) Bhubaneswar
4) Bhopal
5)None

Q5. Which of the following banks are NOT eligible to implement the Gold Monetization Scheme (GMS) launched by the govt?
1) Private Sector Banks
2) Foreign Banks
3) Public Sector Banks
4) RRBs
5) Other than those given as option

Q6. If a savings account is opened with a bank on the basis of simplified KYC norms, the account would additionally be treated as a
1) BSBDA
2) No frills account
3) Small Account
4) Current Account
5) Other than those given as options

Q7. The RBI recently asked banks to exchange up to what number of soiled currency notes with a maximum value of Rs 5,000 over the counter free of charge?
1) 5
2) 10
3) 15
4) 20
5) 25

Q8. The RBI has set up a working group to study the entire gamut of regulatory issues relating to Financial Technology and Digital Banking in India which is headed by
1) Nitin Chugh
2) Mrutyunjay Mahapatra
3) AS Ramasastri
4) AP Hota
5) Sudarshan Sen

Q9. The Special Investigation Team (SIT) on blackmoney has recommended restricting cash holding with
individuals to not more than
1) Rs 2 lakh
2) Rs 3 lakh
3) Rs 5 lakh
4) Rs 10 lakh
5) Rs 15 lakh

Q10. We often read in financial newspapers that the RBI has revised certain rates/ratios under LAF.
What is the expanded form of LAF?
1) Legal Adjustment Facility
2) Liquidity Adjustment Facility
3) Long-term Adjustment Facility
4) Liquidity Adjustment Formality
5) None of these

 

ANSWER:-

1)3) HDFC

2)2) notice Money

3) 4) current account

4) 2) Kolkata

5)4) RRBs

6)3) Small Account

7)4) 20

8) 5) Sudarshan Sen

9)5) Rs 15 lakh

10) 2) Liquidity Adjustment Facility

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