1. Which of the following currency is not on the set of Internationally acclaimed 'Hard Currencies'?

A. Yuan B. Yen C. Dollar D. Pound

Answer: Option A
Explanation: Dollar, Pound , Yen , Euro are called Hard Currency. Hard currency is accepted for settling international transactions , so it may always be in demand in the international market.
2. What is 'C' stands for in "BCSBI" which is an autonomous body formed by the joint efforts of RBI and banks?

A. Central B. Cost C. Codes D. Criteria

Answer: Option C
Explanation: Banking Codes and Standards Board of India (bcsbi) is an independent and autonomous body formed by the joint efforts of RBI and banks. It acts as watchdogs to monitor banking practices adopted by member banks in order to ensure quality service to customers.
3. Fixed Deposit Account cannot be opened by

A Individual single / jointly B On behalf of a minor C In the name of club, society, Educational Institute, etc . D All of the above

Answer: Option D
Explanation: A fixed deposit (FD) is a financial instrument provided by banks which provides investors with a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account.
4. Which of the following statement is incorrect regarding IBRD, IDA, and IMF?

A. Both IBRD and IDA share the same staff and headquarter. B. A country must be a member of IBRD before joining IDA. C. All member of IMF is also a member of IBRD members and vice versa D. IBRD and IDA report to the two different Presidents.

Answer: Option D
Explanation: Both IBRD and IDA share the same staff and headquarter and report to the same president.
5. What is the Tagline of Bank Of India?

A. A tradition of trust B. For all your needs C. Banking for All D. Relationship beyond Banking

Answer: Option D
Explanation: Bank Of India- RELATIONSHIP BEYOND BANKING

1. Which of the following is not a subsidiary of NABARD?

A. Nab cons B. NABARD Financial Services Limited, [NABFINS] C. Agri. Business Finance (AP) Limited (ABFL) D. All of the Above

Answer: Option D
Explanation: NABARD is set up as an apex Development Bank with a mandate for facilitating credit flow for promotion and development of agriculture, small-scale industries, cottage, and village industries, handicrafts, and other rural crafts. It also has the mandate to support all other allied economic activities in rural areas, promote integrated and sustainable rural development and secure prosperity of rural areas.
2. The first Gramin Banks started functioning on

A. 2nd October 1965 B. 2nd October 1975 C. 2nd October 1985 D. 2nd October 1990

Answer: Option B
Explanation: The M.Narisaman committee in 1975 after studying the impact of the Lead Bank Scheme recommended the establishment of rural banks in each district that may be dedicated to rural development. The first Gramin Banks started functioning on 2nd October 1975 under an ordinance and subsquently the Regional Rural Banks Act was passed in 1976.
3. Which insurance company has tied-up with Bank of Maharashtra?

A. Future General India Insurance Company (FGII) B. Birla Sun Life Insurance Company Limited C. IndiaFirst Life Insurance Company D. Exide Life Insurance

Answer: Option A
Explanation: Future Generali India Insurance Company (FGII) has entered into a corporate agency tieup with Bank of MaharashtraBSE 1.08 %.
4. CASHe, a loan giving app has partnered with

A. Reliance B. Paytech. C. Paytm D. Finotech.

Answer: Option C
Explanation: Aeries Financial Technologies Pvt. Ltd., a fintech company promoted by serial entrepreneur and private equity investor Mr. V. Raman Kumar announced that CASHe, India's fastest loan giving app for young salaried professionals, has partnered with Paytm, India's largest mobile payments, and commerce firm to allow its users to deposit cash transfers from CASHe to their Paytm wallets.
5. Ant Financial, e-commerce giant Alibaba's financial arm, has reached an agreement to acquire

A. Virgin Money International Money Transfer B. Moneycorp Money Transfer C. MoneyGram D. PayGram

Answer: Option C
Explanation: Ant Financial, e-commerce giant Alibaba's financial arm, has reached an agreement to acquire American money-transfer major MoneyGram for $880 million, in a deal that will expand the firm's business in the US after India and Thailand.

1. What is the maximum deposit amount insured by the DICGC(Deposit Insurance and Credit Guarantee Corporation)?

A. Rs. 50,000 B. Rs.1,00,000 C. Rs. 2,00,000 D. Rs. 5,00,000

Answer: Option B
Explanation: Each depositor in a bank is insured upto a maximum of Rs.1,00,000 (Rupees One Lakh) for both principal and interest amount held by him in the same capacity.
2. Marginal Standing Facility (MSF) was introduced in India for the first time in

A. 2011 B. 2012 C. 2013 D. 2014

Answer: Option A
Explanation: As announced in the Monetary Policy for the year 2011-12, a new Marginal Standing Facility (MSF) is being introduced with effect from May 9, 2011. The Scheme is operationalized on the lines of the existing Liquidity Adjustment Facility - Repo Scheme (LAF - Repo).
3. Which of the following measure/measures of money supply published by RBI is also known as 'narrow money'?

A. M1 and M2 B. M3 and M4 C. M1 only D. M4 only

Answer: Option A
Explanation: Money supply, like money demand, is a stock variable. The total stock of money in circulation among the public at a particular point of time is called the money supply. RBI publishes figures for four alternative measures of money supply, viz. M1, M2, M3, and M4. M1 and M2 are known as narrow money. M3 and M4 are known as broad money.
4. Which of the following is not an example of a negotiable instrument?

A. Promissory note B. Bills of exchange C. Demand draft D. All of the Above

Answer: Option D
Explanation: A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on-demand, or at a set time, with the payer named on the document. According to section 13 of the Negotiable Instruments Act, 1881, a negotiable instrument means “promissory note, bill of exchange, or cheque, payable either to order or to bearer”.
5. In which type of Cheque the payment is credited to the bank account of the pay only?

A. Order Cheque B. Open Cheque C. Crossed Cheque D. None of the Above

Answer: Option C
Explanation: Since open cheque is subject to the risk of theft, it is dangerous to issue such cheques. This risk can be avoided by issuing another type of cheque called „Crossed cheque?. The payment of such cheque is not made over the counter at the bank. It is only credited to the bank account of the payee. A cheque can be crossed by drawing two transverse parallel lines across the cheque, with or without the writing „Account payee? or „Not Negotiable?.