Q.1. Which of the following is India’s first Credit Rating Agency?
1)ICRA
2)CRISIL
3)ONICRA
4)CARE
5)CIBIL
Ans-2
Q.2. RBI takes “Prompt Corrective Action” when a bank is faced to __:
1)Market Risk
2)Credit Risk
3)Liquidity Risk
4)Low Capital Adequacy
5)Supervisory Risk
Ans-4
Q.3. What is sold and purchased during Open Market Operations by RBI?
1)Government Securities
2)Commercial Papers
3)Certificates of Deposits
4)Global Depository Receipts
5)Debentures
Ans-1
Q.4. What is the time period during which no interest is charged on a credit card?
1)Gestation Period
2)Term period
3)Loan period
4)Sanction Period
5)Grace period
Ans-5
Q.5. In context of promissory note, consider the following statements:
A) Defined in section 4 of the negotiable Act, 1881
B) Must contain a promise to pay money only
C) May be payable on demand or after a certain period
D) Promise to pay must be unconditional
1) B & C
2) A & C
3) A, B & D
4) All are correct
5) None is Correct
Ans-4
Q.6. The secured credit cards are generally available to the person with __:
1) Strong credit history
2) Poor Credit History
3) High Net worth Income
4) Government Job
5) Low Net worth Income
Ans-2
Q.7. In which year, Cooperative Societies Act was enacted?
1)1910
2)1912
3)1913
4)1915
5)1917
Ans-2
Q.8. Which of the following is the oldest Joint Stock bank of India?
1)Allahabad Bank
2)Bank of Baroda
3)Patiala Bank
4)Bank of India
5)PNB
Ans-1
Q.9. In context with banking in India, a Custodial Account is created for __:
1) Illiterates
2) Women
3) Minor persons
4) Senior Citizens
5) Criminals
Ans-3
Q.10. In context with banking, a dormant account is a bank account in which there has not been any transaction for __:
1)1 Year
2)2 Years
3)3 Years
4)5 Years
5)10 Years
Ans-2
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