Q.1

Reconciling the bank statement monthly is an example of

  • establishment of responsibility
  • independent internal verification
  • documentation procedures
  • segregation of duties
Q.2

Economists refer to purchases of stocks and bonds as investment.

  • TRUE
  • FALSE
Q.3

In which year, the first bank of India "Bank of Hindustan" was established ?

  • 1677
  • 1770
  • 1796
  • 1831
Q.4

How can investors receive compounding returns?

  • By investing their earnings back into their original investment
  • By diversifying their investment portfolio
  • By selecting a savings account that has a higher interest rate
  • By transferring their earnings back into high-risk investment
Q.5

Which Bank has acquired payments wallet Freecharge for Rs. 373 crore in an all-cash deal ?

  • HDFC Bank
  • Karnataka Bank
  • ICICI Bank
  • Axis Bank
Q.6

 Which is the largest foreign bank in India   ?

  • HDFC Bank
  • American Express Bank Ltd
  • DBS Bank Ltd
  • Standard Chartered Bank
Q.7

RBI controls the commercial banks through

  • Calling for returns and other information
  • Periodic inspection of banks
  • Follow up action
  • All of the above
Q.8

The threshold limit upto which coins can be issued as per the Coinage Act 2011 ? 

  • 100
  • 200
  • 500
  • 1000
Q.9

Disinvestment means-

  • To reduce government share in the FDI
  • To reduce the government share in the public sector
  • To reduce government share in Market
  • To reduce the government share in the private sector
Q.10

All of these are exemptions from local real property taxes EXCEPT :

  • Low-income homeowner's exemption
  • Homeowner's exemption
  • Veteran's exemption
  • Senior citizen's tax exemption
Q.11

Which of the following best describes Accounting?

  • is an information system that provides reports to its stakeholders regarding economic activities and the condition of the business
  • is used only for filling out tax returns and for financial statements for various types of governmental reporting requirements
  • records economic data but does not communicate the data to users according to any specific rules
  • is of no use by individuals outside of the business
Q.12

Suspense account group is defined under

  • Assets
  • Income
  • Expenditure
  • Liabilities
Q.13

A budget is best described as

  • A master control device
  • The most crucial component of a company evaluation process
  • A formal statement of a company's future plans usually expressed in monetary terms
  • An informal statement of company future plans usually expressed in monetary terms
Q.14

Which Bank has been given scheduled bank status by RBI  ?

  • Disha
  • Suryoday
  • Janalakshmi
  • Ujjivan
Q.15

A check returned by the bank marked nsf means

  • Cheque has been forged
  • Cheque can't be cashed being illegal
  • There are not sufficient funds in your accoun
  • Bank can't verify your identity
Q.16

Which small finance Bank is included in the second schedule of the Reserve Bank of India Act, 1934 ?

  • Janalakshmi
  • Utkarsh
  • Suryoday
  • None
Q.17

NPA in banking terminology implies ______.

  • Net Performing Assets
  • New Performing Assets
  • Non-Performing Assets
  • New Pension Act
Q.18

Which Bank has obtained RBI approval to open representative offices in Kuwait and Singapore?

  • SBI
  • Federal Bank
  • HDFC
  • ICICI
Q.19

What is true about certificates of deposit?

  • the money has to remain in the account for a specified period of time
  • they are the most liquid account available
  • they offer lower interest rates than savings accounts
  • All the above
Q.20

Cash Reserve Ratio ( CRR) and Stautory Liquidity Ratio (SLR ) are terms most closely related to which of the following industries/markets :

  • Mutual Fund
  • Income Tax
  • Stock Exchange
  • Banking
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