1. Chairman of Banks are decided by
(a) Commerce Ministry
(b) RBI
(c) Finance Ministry
(d) Corporate Ministry
(e) None of these
2. A customer desiring to do permitted banking transactions through ATM needs to have
(a) ATM card or debit card/credit card (if compatible with the ATM function)
(b) Personal identification number (PIN), allotted by the bank while issuing ATM /Debit card/credit card
(c) Both (a) and (b)
(d) Smartphone
(e) None of the above
3. Which of the following steps is not required by the user for withdrawing money from ATM?
(a) Inserting ATM card in the card slot
(b) Entering PIN
(c) Entering account no
(d) All of the above
(e) None of the above
4. Credit cards are cards which are also known as
(a) Plastic cards
(b) Card money
(c) Plastic cards full of money
(d) All of the above
(e)None of the above
5. The Basic Committee has defined capital in two Tiers (Tier-I and Tier-II). Tier-I capital is known as
(a) Net capital
(b) Gross capital
(c) Working capital
(d) Core capital
(e) None of these
6. What is the full form Of FEMA
(a) Foreign Exchange Money Agency
(b) Foreign Exchange Money Act
(c) Full Exchange money Agency
(d) Foreign Exchange Management Act
7. A money Bill can originate-
(a) In either house of the parliament
(b) Only in Lok Sabha
(c) Only in Rajya Sabha
(d) Only in a joint sitting of 2 houses
8. Headquarters of World Bank
(a) New York
(b) Washington DC
(c) Geneva
(d) Vienna
9. Which one of the following is not an electronic banking delivery channel?
(a) Mobile Vans
(b) Mobile Phone Banking
(c) Internet Banking
(d) Tele Banking
(e) ATM
10. A centralized database with online connectivity to branches, internet as well as ATM- network which has been adopted by almost all major banks of our country is known as?
(a) Investment Banking
(b) Core Banking
(c) Mobile Banking
(d) National Banking
(e) Specialized Banking
Solutions
1. c
2. c
3. c
4. a
5. d
6. d
7. b
8. a
9. a
10. b
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