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