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Amartya Lahiri is appointed in which post? BANKING KNOWLEDGE / FINANCIAL AWARENESS 1. Reserve Bank has decided to conduct sale of 'Government securities'under which market operations? a) Stock Market b) Open Market Operations (OMO) c) Gold Market d) Wholesale market e) None of these 2. Electronic format on the Reserve Bank of India Core Banking Solution system is also known as what? a) E-commerce b) E-Kuber c) E-governance d) Digital commerce e) None of these 3. Why profitability rates in agriculture fell, in recent years? a) Falling world agricultural prices, strongly correlated with domestic agricultural prices b) Rising input costs as input subsidies declined relative to agricultural GDP; c) Public capital formation, and public investment in research and extension fell relative to agricultural GDP d) Weakening of public credit provision in agriculture, and the rise in farmer's dependence on informal sources e) Both (a) & (b) 4. When R. Radhakrishna Committee was appointed? a) 1976 b) 2007 c) 1969 d) 1980 e) None of these 5. What is the main reason for farmers' indebtedness in recent years ? a) Rice cultivation b) Growing borrowing from high cost informal sources, is one of the major manifestations of the crisis that needs to be addressed forthwith (In the short run, some concrete measures have to be taken up to reduce the debt burden of vulnerable sections of the peasantry) c) Wheat cultivation d) Maize cultivation e) None of these 6. When Agricultural Debt Waiver and Debt Relief Scheme was implemented? a) 2012 b) 2008 c) 2010 d) 2015 e) None of these 7. All 237 districts in India termed as " dry and unirrigated districts" are under the perview of which of the following schemes? a) Drought Prone Area Programme (DPAP) b) Desert Development Programme (DDP) c) Prime Minister's Special Relief Package of 2006 d) All the above e) None of these 8. Recently there are demands for agriculture debt waivers, for which of the reasons? a) Falling growth rates of agriculture after 2011 b) Rising costs of cultivation c) Persistent burden of informal debt d) All the above e) None of these 9. If agriculture/farmers debt is waived, what could be the results? a) Such waivers may benefit banks in the short-run as the government takes over debt, b) They may be detrimental in the long-run as waivers hamper credit discipline, leading to reduced credit flows. c) They also highlighted the fundamental drivers of broader agrarian distress in the economy d) All the above e) None of these 10. When RBI's IT Subsidiary - Reserve
Bank Information Technology Pvt Ltd. (ReBIT) was incorporated to take care of the IT requirements including cyber security needs of the Reserve Bank and its regulated entities? a) 2011 b) July 4, 2016 c) 2014 d) 2015 e) None of these 11. When, half hourly settlement of National Electronic Funds Transfer (NEFT) was introduced to enhance the efficiency of the payment system and add to customer convenience? a) May 08, 2017 b) 1999 c) 1998 d) 1997 e) None of these 12. The existing PCA framework for banks was revised and set to be implemented from April 1, 2017, based on the financials of banks for the year ended March 31, 2017. After how many years the framework would be reviewed? a) 5 years b) Three years c) 6 years d) 8 years e) None of these
a) Director, NPCI b) Director of CAFRAL c) Chairman, SEBI d) Chairman, IRDAI e) None of these 20. In addition to the SBI and ICICI Bank, which continue to be identified as Dome stic Systemically Important Banks (DSI Bs), the Reserve Bank of India has also identified______ as a D-SIB, under the same bucketing structure as last year. a) Yes Bank b) HDFC Bank c) Kotak Mahindra Bank d) Bandhan Bank e) None of these 21. Credit to agriculture and allied activities increased by_____ in July 2017, lower than the increase of 13.4% in July 2016. a) 6.8% b) 4% c) 2% d) 9% e) None of these 22. Who is the appellate authority under Banking Ombudsman Scheme? a) Deputy Governor, RBI b) General Manager, RBI c) ED, RBI
BANK PO/ CLERKS EXAM SPECIAL 13. The SLR was reduced from 20.5 per cent of NDTL to how much of NDTL from the fortnight beginning June 24, 2017? a) 19% b) 18% c) 20.0% d) 14% e) 15% 14. With how much initial paid up capital, Reserve Bank was constituted as a private shareholders' bank in 1935? Give details? a) With an initial paid-up capital of Rs.0.05 billion b) The Bank was nationalised with effect from January 1, 1949 and its entire ownership remains vested with the Government of India. c) The paid-up capital continues to be Rs.0.05 billion as per section 4 of the RBI Act, 1934 d) All the above e) None of these 15. How much expenditure was incurred on printing of currency notes during 201617 in India? a) Rs.79.65 billion b) Rs.34.21 billion c) Rs.10 billion d) Rs.15 billion e) Rs.19 billion 16. RBI's (Banking Department) holds ______ metric tonnes of gold, of which 292.28 metric tonnes is held as backing for notes issued and shown separately as an asset of Issue Department. The balance 265.49 metric tonnes is treated as an asset of Banking Department. a) 557.77 b) 700 c) 600 d) 500 e) None of these 17. Mentioning the benefits of the GST, the Prime Minister said that besides econo mic integration of the country, and trans parency in the system; more than _____ new traders have been brought into the indirect tax system within two months. a) 15 lakh b) 17 lakh c) 12 lakhs d) 10 lakhs e) None of these 18. Prime Minister said that in order to enable all traders to take maximum benefit of GST, we should work towards ensuring that all traders, including even relatively smaller traders with a turnover below _________, should register with the GST system. He asked the officers to make efforts in this regard by designing a system for this category. a) Rs.5 lakhs b) Rs. 20 lakhs c) Rs. 4 lakhs d) Rs.3 lakhs e) None of these 19. Dr. Amartya Lahiri is appointed in which post ?
d) Chairman, SBI e) None of these 23. Give details about Damodaran Committee? a) It is a Committee on customer service in banks (Damodaran Committee) b) It had made 232 recommendations in its report c) Of the 232 recommendations, 155 recommendations stand implemented. d) Abolition of foreclosure charges on floating rate home loans, introduction of basic savings account, unique identification No. (UID) as KYC for opening 'no frills 'account, differential merchant discount/ fee for debit cards, multi-factor authentication for card transactions, blocking of card by SMS, uniformity in inter-sol charges are some of the important recommendations which have been implemented. e) All the above 24. Which of the following is correct ? a) KYC: Know Your Customer (KYC) Norms b) AML: Anti-Money Laundering (AML) Standards c) CFT: Combating of Financing of Terrorism (CFT) d) PMLA: Prevention of Money Laundering Act (PMLA), 2002 e) All the above 25. In the abbreviation BCSBI, the letter S stands for what? a) Standards (BCSBI: Banking Codes and Standards Board of India) b) State c) Safe d) Small e) Simple 26. What is a mutilated note'? a) A mutilated note is a note of which a portion is missing or which is composed of more than two pieces. Mutilated notes may be presented at any of the bank branches. The notes so presented shall be accepted, exchanged and adjudicated in accordance with Reserve Bank of India (Note Refund) Rules 2009. b) Forged note c) Duplicate note d) Note without serial number e) None of these
Praturi Potayya Sarma ANSWERS 1) b 2) b 3) e
4) b 5) b 6) b
7) d 8) d 9) d 10) b 11) a
12) b 13) c 14) d 15) a 16) a
17) b 18) b 19) b 20) b 21) a
22) a 23) e 24) e 25) a 26) a
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