Q1. PSLCs are tradable certificates issued against priority sector loans of banks. What does meaning of “Cs” in PSLCs?
(a) Cash
(b) Cities
(c) Census
(d) Certificates
(e) None of the given options is true
Q2. The Banking Ombudsman Scheme is introduced under Section 35 (A) of the Banking Regulation Act, 1949 by RBI with effect from –
(a) 1995
(b) 1999
(c) 1990
(d) 1982
(e) 1988
Q3. MTSS is a way of transferring personal remittances from abroad to beneficiaries in India. What does MTSS stand for-?
(a) Mobile Transfer Service Scheme
(b) Money Transfer System Scheme
(c) Money Timing Service Scheme
(d) Market Transfer Service Scheme
(e) Money Transfer Service Scheme
Q4. How much cash can payment be made to the beneficiary in India under MTSS?
(a) Rs 2, 00,000
(b) Rs 50,000
(c) Rs 1, 00,000
(d) Rs 10,000
(e) None of the given options is true
Q5. RDA is a channel to receive cross-border remittances from overseas jurisdictions. What does meaning of “A” in RDA?
(a) Account
(b) Assembly
(c) Arrangement
(d) Association
(e) Amount
Q6. At present 24 nationalised banks and one private sector bank are authorised to handle the Senior Citizens Savings Scheme (SCSS), 2004. Name the private sector bank, which is authorised to handle the Senior Citizens Savings Scheme (SCSS), 2004?
(a) ICICI bank
(b) HDFC Bank
(c) Axis Bank
(d) Yes Bank
(e) Kotak Mahindra Bank
Q7. The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises. As under a micro enterprise is an enterprise where investment in plant and machinery does not exceed …………..?
(a) Rs. 100 lakh
(b) Rs. 15 lakh
(c) Rs. 25 lakh
(d) Rs. 50 lakh
(e) None of the given options is true
Q8. Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note. In which year Commercial Paper was introduced in India?
(a) 1975
(b) 1990
(c) 1985
(d) 1955
(e) 1980
Q9. Which Bank of India maintains the Principal Accounts of Central as well as State Governments at its Central Accounts Section?
(a) IDBI
(b) SBI
(c) SIDBI
(d) NABARD
(e) RBI
Q10. Who are eligible to issue Commercial Paper (CP)?
(a) Corporate
(b) Primary dealers (PDs)
(c) All-India Financial Institutions (FIs)
(d) All of the above
(e) None of the given options is true
Q11. Under OLTAS, only a Single Copy Challan is used with a tear-off portion for the Tax Payer. What does OLTAS stand for-?
(a) On-line Tax Accounting Service
(b) On-line Tax Amounting System
(c) On-line Timing Accounting System
(d) On-line Tax Association Service
(e) On-line Tax Accounting System
Q12. What is the minimum period of maturity prescribed for Commercial Paper (CP)?
(a) 17 Months
(b) 14 Days
(c) 01 Year
(d) 07 days
(e) 05 years
Q13. Which banks are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC)?
(a) Foreign Banks functioning in India
(b) Local Area Banks
(c) Regional Rural Banks
(d) All of the above
(e) None of the given options is true
Q14. What is the maximum period of maturity prescribed for Commercial Paper (CP)?
(a) 10 years
(b) 06 years
(c) 01 Year
(d) 02 years
(e) 05 years
Q15. Each depositor in a bank is insured by DICGC upto a maximum of _____________________ for both principal and interest amount held by him in the same capacity and same right as on the date of liquidation/cancellation of bank’s licence or the date on which the scheme of amalgamation/merger/reconstruction comes into force.
(a) Rs.1, 00,000
(b) Rs.2, 00,000
(c) Rs.3, 00,000
(d) Rs.4, 00,000
(e) Rs.5, 00,000
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