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31.  Interest on Savings deposit nowadays is _____________.

a

  Not paid by the Bank

b

 Fixed as per the contract between Bank and the Consumer Court

c

 Fixed by the respective Banks

d

 Fixed by RBI

e

 Fixed by the Depositors

Answer & Explanation
Answer : Option C
Explanation :

32.  President Pranab Mukherjee on 30 March 2014 cleared the re-promulgation of the SEBI Ordinance Securities Laws (Amendment) Bill 201 3. The ordinance aims to give powers to 1. Securities and Exchanges Board of India (SEBI) to act against Ponzi scheme. 2. The move was to arm the regulator with more stringent powers comes in the wake to curb the illegal involvement of chit fund companies. 3. Parliament passed the Securities Laws (Amendment) Bill 2013 in the Winter session. Consider the above statements and choose the correct option.

a

  None of these

b

 1 and 3 only

c

 1, 2 and 3

d

 1 only

e

 1 and 2 only

Answer & Explanation
Answer : Option E
Explanation :

33.  Consider the following statements in regard to 'marginal standing facility (MSF)' of RBI: (1) It will help in reducing volatility in the overnight lending rates in the interbank market. (2) The borrowing under the MSF should be over and above the statutory liquidity requirement. (3) It will not help in reducing lending rates. Which of the statements given above is/are correct?

a

  1 only

b

 None of these

c

 2 only

d

 only 3

e

 Both 1 and 2

Answer & Explanation
Answer : Option A
Explanation :

34.  A customer wishes to purchase some US dollars in India. He/she should go to

a

  Ministry of Foreign Affairs

b

 None of these

c

 Public Debt Division of the RBI only

d

 American Express Bank Only

e

 RBI or any branch of a bank which is authorized for such business

Answer & Explanation
Answer : Option E
Explanation :

35.  What is the number of member states in the World Trade Organisation?

a

  170

b

 150

c

 146

d

 144

e

 148

Answer & Explanation
Answer : Option C
Explanation :

36.  Imperial Banks were amalgamated and changed as .......

a

  Corporation Bank

b

 Subsidiary Banks

c

 State Bank of India

d

 Reserve Bank of India

e

 Union Bank of India

Answer & Explanation
Answer : Option C
Explanation :

37.  Which of the following can be the outcomes of very high inflation in the economy? (1) Reduction in economic growth. (2) Increase in savings. (3) Reduction in exports. Select the correct answer using the codes below:

a

  None of these

b

 1 and 3 only

c

 2 and 3

d

 3 and 4 only

e

 1 and 4 only

Answer & Explanation
Answer : Option E
Explanation :

38.  Which of the following is popular 'saving bank' among the poor children?

a

  Piggy banking

b

 Core banking

c

 Credit banking

d

 Debit banking

e

 Merchant banking

Answer & Explanation
Answer : Option A
Explanation :

39.  The co-operative credit societies have a

a

  four-tier structure

b

 None of these

c

 three-tier structure

d

 two-tier structure

e

 five-tier structure

Answer & Explanation
Answer : Option C
Explanation :

40.  Choose the correct statements in the context of Cooperative Banks in India. 1. Cooperative Banks operate on no profit no loss basis. 2. Cooperative Banks are allowed to operate only in the agriculture sector. 3. NABARD is a Cooperative Bank.

a

  1 only

b

 Either 1 or 2

c

 None of these

d

 1 and 3

e

 1 and 2

Answer & Explanation
Answer : Option A
Explanation :

41.  Banks recover term loan from the parties in EMIs. What the letter 'E' represents in the term?

a

  Economical

b

 Easy

c

 Effective

d

 Essential

e

 Equated

Answer & Explanation
Answer : Option E
Explanation :

42.  Recently RBI issued new guidelines on loan restructuring of Non-banking Financial Companies (NBFCs). The guidelines were based on the recommendation of which Committee?

a

  B. Mahapatra Committee

b

 None of these

c

 Urijit Patel Committee

d

 Bimal Jalan Committee

e

 Nachiket Mor Committee

Answer & Explanation
Answer : Option A
Explanation :

43.  Which of the following is an employmentcreating programme of the Govt of India?

a

  Swajaldhara

b

 MNREGA

c

 Bharat Nirman

d

 Kalpana-I

e

 ASHA

Answer & Explanation
Answer : Option B
Explanation :

44.  An anna was equal to

a

  50 paise

b

 16 paise

c

 4 paise

d

 100 paise

e

 None of these

Answer & Explanation
Answer : Option C
Explanation :

45.  Axis Bank is the changed name of

a

  ICICI

b

 RBI

c

 UTO

d

 IDBI

e

 UTI

Answer & Explanation
Answer : Option E
Explanation :
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