Q.1

The value of money varies

  • inversely with the price level
  • directly with the price level
  • directly with the volume of employment
  • directly with the interest rate
Q.2

Most modern Banking Systems are based on

  • commodity money
  • 100 percent reserves
  • fractional reserves
  • money of intrinsic value
Q.3

State Bank of India recently launched 'SBI Exclusif'. It is a ____ product.

  • Wealth Management
  • Loan
  • Mutual Fund
  • Insurance
Q.4

The primary Economic function of the Financial system is to

  • Providing experts advice to investors and savers
  • Match one person's savings with another person's investment
  • Keeping interest rates low
  • Match one person's consumpion expenditure with another person's capital expenditure
Q.5

Tally package is developed by

  • Tally Solutions
  • Coral Softwares
  • Vedika Softwares
  • Peutronics
Q.6

The main components of market risk are 

a) Liquidity risk     b) Interest rate risk       c) Currency risk

  • Only a
  • both a and b
  • only c
  • all a, b and c
Q.7

The total sum of the goods and services produced in a country in a year, minus depreciation is called as ________.

  • Net Domestic Product
  • Gross National Income
  • Gross Domestic Product
  • Net National Product
Q.8

In preparing a bank reconciliation, outstanding checks are

  • Deducted from the balance sheet
  • Added to the bank balance
  • Deducted from the bank balance
  • Added to the balance sheet
Q.9

Bad loans in banking terminology are generally known as

  • NPA's
  • Prime loans
  • BPO's
  • Prime Assets
Q.10

The accounting software Tally was developed by

  • Wipro
  • TCS
  • HCL
  • Infosys
Q.11

In which year SBI was Nationalised ?

  • 1995
  • 1955
  • 1980
  • 1969
Q.12

As per the provisions of Section 12 of the Banking Regulation Act, 1949, the minimum ratio between authorized, subscribed and paid-up capital of a banking company should be

  • 2 : 2 : 1
  • 4 : 2 : 1
  • 2 : 1 : 4
  • 1 : 1 : 1
Q.13

Which of the following is the oldest Joint Stock Bank of India  ?

  • Patiala Bank
  • Punjab National Bank
  • Bank of India
  • Allahabad Bank
Q.14

Which payment method typically charges the highest interest rates?

  • Credit cards
  • Payday loans
  • Cashier's checks
  • Pre-paid cards
Q.15

Loan and Advances of a bank come under the category of______________.

  • Deposits
  • Expenditure
  • Liabilities
  • Assets
Q.16

Which of the following terms is not used in banking sector?

  • Daily Product Basis
  • Remittancel
  • Cash Reserve
  • Actuary
Q.17

Headquarters of State Bank of India is in

  • Noida
  • Mysore
  • Mumbai
  • Hyderabad
Q.18

Commercial banks are funded through which of the following?

  • Customer deposits
  • Services
  • Stock holders
  • Government funding
Q.19

When referring to student loans what is a grace period?

  • 6 months
  • 12 months
  • 18 months
  • 24 months
Q.20

Fixed Foreign Exchange rate can be changed by

  • SEBI
  • Ministry of Finance
  • RBI
  • All of the above
0 h : 0 m : 1 s