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MCQs 1: Name the person elected as the new Chairman of the Life Insurance Corporation of India?

V K Sharma S K Roy Sushil Kumar Rajesh Vadhera
Answer Explanation

MCQs 2: National Insurance Academy located in ________.

Chennai Calcutta Pune Hyderabad
Answer Explanation

MCQs 3: Name the initiative launched by the Finance Minister Arun Jaitely to revamp functioning of public sector banks, PSBs on 14th Aug’15?

Seven Plan Maulik Niti BankNiti Indradhanush
Answer Explanation

MCQs 4: Which of the following norms intends to strengthen Bank Capital requirements?

Basel II norms Basel III norms Basel I norms Solvency II norms
Answer Explanation

MCQs 5: Which was the first bank to introduce savings account in India?

Bank of Hindustan General Bank of India Presidency Banks Bengal Bank
Answer Explanation

MCQs 6: The SBI merged entity will have an asset base of ____?

35 trillion 37 trillion 72 trillion 45 trillion
Answer Explanation

MCQs 7: Which is the instrument used by RBI under general credit control?

CRR SLR Bank Rate Exchange Control
Answer Explanation

MCQs 8: Which of the following defines 'Para Banking' services?

Eligible financial services rendered by banks Services provided through business correspondents Services provided to armed forces personnel Utility services provided by banks
Answer Explanation

MCQs 9: Who has allowed banks to tie up with insurers, to sell three products each from life, non-life and standalone health insurance segment?

RBI SIDBI IRDAI NABARD
Answer Explanation

MCQs 10: Which has been conferred “Special Award for Excellence in MSME lending” for its performance in lending to the MSME sector during the year 2013-14 and 2014-15?

State Bank of Patiala Vijaya Bank State Bank of Travancore Canara Bank
Answer Explanation

MCQs 11: Which one of the following is controlled by the World Wide Web?

Universal Banking Virtual Banking Wholesale Banking None of these
Answer Explanation

MCQs 12: The first RRB named Prathama Grameen Bank was sponsored by ______?

Punjab National Bank State Bank of India Syndicate Bank Canara Bank
Answer Explanation

MCQs 13: Which of the following organizations has been set up to facilitate connectivity between the Bank's switches and their ATMs, and inter-bank payment gateway for authentication and routing the payment details of various e-commerce transactions?

IBA IDRBT IRDA SIDBI
Answer Explanation

MCQs 14: Who has been appointed as the CMD of GIC Re India?

T. S. Vijayan Mrs. Alice G Vaidyan Anuj Agrawal Neelesh Garg
Answer Explanation

MCQs 15: Name the body of 'eminent' professionals and officials, which will replace the Appointments Board for appointment of Whole-time Directors as well as non-Executive Chairman of PSBs?

NITI Aayog NIYATAM Bank Board Bureau Bureau of Banking Standards
Answer Explanation

MCQs 16: In which year was the Banking Regulation Act passed?

1949 1955 1959 1969
Answer Explanation

MCQs 17: Which of the following is the Oldest Joint Stock Bank of India which is still working?

Allahabad Bank Bank of Upper India Patiala Bank State Bank of India
Answer Explanation

MCQs 18: “Scheduled bank” in India means a bank _____.

Incorporated under the Companies Act, 1956 Authorized to the Banking business Governed by the Banking Regulation Act, 1949 Included in the Second schedule to the Reserve Bank of India Act 1934
Answer Explanation

MCQs 19: Which is the minimum lending rate decided by RBI which shall be adopted by all Public-Sector Banks?

Bank rate Base rate Overnight rate None of the above
Answer Explanation

MCQs 20: Which one of the following is controlled by the World Wide Web?

Universal Banking Virtual Banking Wholesale Banking None of these
Answer Explanation

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