1. Of the following statements which one is correct regarding R.B.I?
1. R.B.I is the apex institution of country’s monetary system and financial system
2. It was established under R.B.I Act 1934 and was established on 1 APR 1935
3. Its initial fully paid up capital was Rs.5 crores
4. Its first head office was established at Kolkatha (in those days Calcutta) and in 1937 it was shifted to Mumbai (in those days Bombay) 5. All of above
2. State Bank of India has subsidiaries. Pick up the incorrect one among them?
1. SBI Capital Markets 2. SBICAP Securities
3. SBI DFHI 4. SBI Real Estates
5. SBI Life
3. Which Bank in India opened INDIA'S FIRST OFFSHORE BANKING UNIT?
1. SBH 2. ICICI 3. SBI 4. Axis 5. Bank of Baroda
4. Which among the following statements is wrong related to World Bank?
1. Its real name is International Bank for Reconstruction and Development (IBRD)
2. The World Bank was created following the ratification of the United Nations Monetary and Financial Conference Bretton Woods
agreement. It was established in 1945.
3. IBRD head quarters is at New York
4. From 60’s to 80’s the World Bank gave loans on poverty alleviation
5. From 80’s to 90’s main focus on debt management and structural management
5. News papers, magazines, Economists call RBI with many names. Pick up wrong one?
1. Apex Bank
2. Government’s Bank
3. Banker’s bank
4. India’s world bank
6. Surabhi deposit scheme details are given below. Pick up incorrect statement?
a) This scheme initiated by State Bank of India
b) Usually this account cover non-individual customers like Corporate, Institutions, and PF Funds etc
c) Who have surplus funds for investments, but at the same time need the convenience of liquidity, can opt this deposit scheme
d) If anybody wants to open this scheme they should get prior permission from R.B.I
1. a 2. b 3. c 4. d 5. All of above
7. For financial inclusion and to facilitate lowincome group customers, Which SBI subsidiary inaugurated NO FRILLS ACCOUNT
by name ‘Saral Bachat Khata’?
1. State Bank of Bikaner and Jaipur
2. State Bank of Hyderabad
3. State Bank of Mysore
4. State Bank of Travancore
5. State Bank of Patiala
8. Rastriya Krishi Bima Yojna was introduced in Kharif 1999. Bring out the correct statements?
a) This Scheme is administered by Agriculture Insurance Corporation which is promoted by NABARD, GIC and 4 public sector
b) It proposes that Government of India will underwrite the losses of the companies rather than subsiding the premia by state and central governments
c) It covers all the crops weather food crops, oil crops horticultural crops or even commercial crops
d) The state governments pay Rs. 1000 on behalf of the farmers to Agriculture Insurance Corporation every month
e) India and Israel co-operate in Agriculture insurance
1. a b c d e 2. a b c d 3. a b c 4. a b d 5. a c d e
9. Which facts are true about the relation between the development of roads and poverty in India?
a) World Bank has been supporting India’s rural connectivity programme— Pradhan Mantri Gram Sadak Yojana (PMGSY)
b) It aids projects in several places like Himachal Pradesh, Rajasthan, Jharkhand and Uttar Pradesh
c) Over the years, World Bank’s concessionary lending arm International Development Association (IDA) has supported many
rural roads projects, both stand alone and components of larger projects
d) IDA said adding every Rs 10 lakh spent on rural roads has helped lift 163 people out of poverty.
e) Pradhan Mantri Grameen Sadak Yojana (PMGSY), which targets to connect villages with a population of 1,000, has got an allocation of Rs 9,995 crore in 2010-2011 budget as against 2009-10 revised allocation of Rs 9,475 crore
f) India is the poorest country among the SAARC countries after Bhutan
1. a c d e f 2. a b c e f 3. a b c d e 4. b c d 5. a b c d f
10. Pick up the correct statements relating to State Bank of
a. State Bank of Hyderabad was constituted as Hyderabad State Bank on 8 Aug 1941
b. The first branch of the Bank was opened at Gun foundry, Hyderabad on 5th April, 1942.
c. In 1953, the Bank took over the assets and liabilities of the Hyderabad Mercantile Bank Ltd
d. In 1956, the Bank was taken over by Reserve Bank of India as its first subsidiary and its name was changed from ‘Hyderabad State Bank’ to ‘State Bank of Hyderabad’.
e. The Bank became a subsidiary of the State Bank of India on the 1st October 1959
f. SBH is the largest Associate Bank of State Bank of India
1. a b c d e f 2. b c d e 3. c d e f 4. b c e f 5. a c d e
11. Of the following statements which one is correct regarding State Bank of Patiala?
1. it was founded by Late His Highness Bhupinder Singh, Maharaja of erstwhile Patiala state in 1917.
2. its original name was ‘Patiala State Bank”
3. Bank became a subsidiary of the State Bank of India on 1st April, 1960 when it was named as the State Bank of Patiala
4. by fully networking all its branches on Core Banking Solutions on 8 Aug 2005 it became the first fully networked Public Sector Bank in the country.
5. All of above
12. The Indian rural people incomes are doubled, the literacy rate increased by 10 %. The agriculture land prices appreciated by 80 %. The above achievements were seen in Indian rural areas according to the report given by world bank due to introduction of
1. Mid day meal scheme
2. Free power to farmers
3. Subsidies for fertilizers
4. digging of bore wells
5. Relief pack to farmers
13. The Issue Department is responsible for the issue of notes as per demand made by Banking Department of R.B.I. From 1939 till 1956 it followed Proportional Reserve System. It means?
1. R.B.I was required to hold 50 % worth of assets in the form of Gold/foreign securities against issue of currency. However the worth of gold must not be below than Rs. 50 Crores
2. R.B.I was required to hold 60 % worth of assets in the form of Gold/foreign securities against issue of currency. However the worth of gold must not be below than Rs. 60 Crores
3. R.B.I was required to hold 45 % worth of assets in the form of Gold/foreign securities against issue of currency. However the worth of gold must not be below than Rs. 45 Crores
4. R.B.I. was required to hold 70 % worth of assets in the form of
Gold/foreign securities against issue of currency. However the
worth of gold must not be below than Rs. 70 Crores
5. R.B.I. was required to hold 40 % worth of assets in the form of Gold/ foreign securities against issue of currency. However the worth of gold must not be below than Rs. 40 Crores
14. Punjab National Bank details are given. Pick up correct one?
a) On 12th April 1895, the bank opened for business
b) Recently it opened its 5000 branch on the eve of its inauguration day (12-4-2010)
c) By assets wise PNB is the third largest bank in India
d) By bank branch net work wise, it is the second largest bank in India
e) with its policy of inclusive growth in the Indo-Gangatic Belt, the bank’s mission is ‘Banking for unbanked’
1. a b c d e 2. a b c d 3. b c d 4. a c d e 5. a b c e
15. The details of Bank of Baroda are given. Pick up correct statement?
1. it was established in 1908
2. its logo has dual ‘B’ letter forms that hold the rays of the rising sun
3. The Bank has adopted 101 villages for integrated development.
4. Bank of Baroda has been awarded with prestigious Dalal Street-DSIJ PSU Award recently
5. All of above
16. Reshaping Economic Geography is the title of a report released in 2009. This report released by…?
1. Asian-Pacific Economic Co-operation
2. International Monetary Fund
3. World Bank
4. International Development Association
5. International Economic Forum
17. Proportional Reserve System was replaced in 1956 by minimum of Foreign Reserve System. It means?
1. R.B.I to hold assets minimum of Rs. 515 crores worth of foreign reserves in which Rs. 115 Cr of gold and Rs. 400 cr of foreign
securities must be maintained.
2. R.B.I to hold assets minimum of Rs. 515 crores worth of foreign reserves in which Rs. 115 Cr of gold and Rs. 400 cr Dollars must be maintained
3. R.B.I to hold assets minimum of Rs. 515 crores worth of foreign reserves in which Rs. 400 Cr of gold and Rs. 115 cr of foreign
securities must be maintained.
4. R.B.I to hold assets minimum of Rs. 515 crores worth of foreign reserves in which Rs. 200 Cr of gold and Rs. 315 cr of foreign
5. R.B.I to hold assets minimum of Rs. 515 crores worth of foreign reserves in any mode.
KEY : 1. 5 2. 4 3.3 4. 3 5. 4 6. 4 7. 1 8. 3 9. 3 10. 1 11. 5 12. 5 13. 5 14. 1 15. 5 16. 3 17. 1.