Where can a customer purchase US dollars in India? a) Public Debt Division of RBI b) American Express Bank c) RBI or an authorized bank branch ✅ d) Ministry of Foreign Affairs
Which loan is specifically designed to help students finance higher education in India or abroad? a) Personal Loan b) Corporate Loan c) Education Loan ✅ d) Mortgage Loan
Which bank was founded by Nobel Peace Prize winner Muhammad Yunus? a) Bank for the Poor b) Swadeshi Bank c) Rashtriya Bank d) Grameen Bank ✅
According to RBI guidelines, which banking function cannot be outsourced? a) Opening and closing of accounts ✅ b) Cash collection from customers c) Recovery of bad loans d) Internet audit
What does NBFC stand for in the financial sector? a) National Banking and Finance Corporation b) New Business Fund Company c) New Banking Finance Company d) Non-Banking Financial Company ✅
What is the term for insurance services provided by banks? a) Investment Banking b) Portfolio Management c) Merchant Banking d) Bancassurance ✅
What does ECB stand for in financial news? a) External Commercial Borrowing ✅ b) External Credit and Business c) Essential Commercial Borrowing d) Essential Credit and Business
Which of the following is NOT a stock market index? a) Nasdaq b) Nikkei c) Kospi d) Combix ✅
What is the official currency of Saudi Arabia? a) Dirham b) Peso c) Dinar d) Riyal ✅
Which policy allows free conversion of local assets into foreign assets at market-determined rates? a) Capital Account Convertibility ✅ b) Financial Deficit Convertibility c) Minimum Support Price d) Restrictive Trade Practice
Who primarily uses commercial paper as a credit instrument? a) Corporate Industry ✅ b) Small Scale Industries c) Commercial Banks d) Foreign Banks
In which year was the base of the Consumer Price Index (CPI) for industrial workers last updated? a) 1998 b) 2000 c) 2016 ✅ d) 2002
Which institution sells treasury bills in India? a) Reserve Bank of India ✅ b) State Government c) Commercial Banks d) SEBI
How is the money multiplier in India calculated? a) Broad Money / Base Money b) Broad Money / Reserve Money ✅ c) Reserve Money / Base Money d) Base Money / Reserve Money
Which is the most commonly used measure of inflation in India? a) General Price Rise b) Wholesale Price Index (WPI) ✅ c) Consumer Price Index (CPI) d) Consumer Price Index for Industrial Workers
When was ‘Naya Paise’ officially changed to ‘Paise’ in India? a) April 1, 1957 b) October 2, 1962 c) June 1, 1964 ✅ d) April 1, 1965
Which is the largest public sector commercial bank in India? a) Bank of India b) Reserve Bank of India c) State Bank of India (SBI) ✅ d) Union Bank of India
What is the impact of increasing the Cash Reserve Ratio (CRR) in India? a) It increases credit creation b) It reduces credit creation ✅ c) It does not affect credit d) It denotes a liberal monetary policy
Which was the first Indian bank to open a branch in China? a) IDBI Bank b) HDFC Bank c) State Bank of India d) Punjab National Bank ✅
Which of the following is considered an asset for a commercial bank? a) Credit for farmers ✅ b) Deposits of the public c) Borrowing from RBI d) Demand deposits of industries
When was EXIM Bank of India established? a) 1964 b) 1976 c) 1980 d) 1982 ✅
The term “Plastic Money” refers to: a) Bank drafts made of plastic-coated paper b) Currency notes impregnated with plastic threads c) Currency notes printed on plastic-coated paper d) Credit cards issued by banks ✅
When did the Government of India first nationalize 14 commercial banks? a) 1956 b) 1959 c) 1969 ✅ d) 1971
For which of the following purposes is a PAN card NOT valid? a) Proof of identity b) Proof of a registered taxpayer c) Proof of address d) Proof of date of birth ✅
