1.  What is the term used for the practice of replacing relatively high-cost debt with that of lower-cost borrowing to take advantage of falling interest rates?
1) Derivative
2) Credit risk management
3) Debt swap
4) Credit enhancement
5) None of these

2. What is the term used for a banking system under which the banks are to raise low-cost funds and invest such funds in low-risk assets such as govt securities?
1) Rural banking
2) Priority banking
3) Narrow banking
4) Universal banking
5) None of these

3. The National Integration Day is observed every year on which of the following dates?
1) 14 Nov
2) 17 Nov
3) 19 Nov
4) 21 Nov
5) None of these

4. Examine the following regarding the decision by the National Payments Corporation of India (NPCI) to provide an insurance cover for online transactions:
  • (A) The insurance cover will be provided to both domestic and international transactions and will be over and above any policy taken by a member-bank. 
  • (B) The overall insurance cover that will be provided will be `1 cr and the per-card cover will be `25,000. 
  • (C) The insurer selected by the NPCI will have to settle claims within 30 days of claim submission by NPCI. 

Which of the above statements is/are correct in this regard?
1) Only (A)
2) Only (B)
3) Only (C)
4) Only (A) and (C)
5) All (A), (B) and (C)

5. Consider the following with respect to STT and choose the correct statement(s):
1) The term STT stands for Systematic Transaction Tax.
2) The Central Govt levies STT on all transactions done on the stock exchanges at rates prescribed from time to time.
3) The STT came into effect from 1 Oct, 2004.
4) All the above
5) Only 2) and 3)

6. As per the prevailing RBI norms, the banks are required to invest what per cent of their deposits in Govt securities?
1) 15 per cent
2) 21 per cent
3) 23 per cent 
4) 25 per cent
5) None of these

7. Name the process in which the electronic holding of share replaces the paper securities.
1) Dematerialisation
2) Electronic share
3) Demutualisation
4) Rematerialisation
5) None of these

8. The term ‘NOTA’ is associated with
1) An international treaty
2) Anti-tobacco campaign
3) Nuclear non-proliferation
4) A voting option in EVMs
5) None of these
9. Expand the term DIPP.
1) Department of Institutional Policy and Promotion
2) Department of Industrial Practices and Policies
3) Department of Industrial Policy and Production
4) Department of Industrial Policy and Promotion
5) None of these

10. Name the risk that is associated with failure of internal processes of a bank or business organisation.
1) Settlement risk
2) Operational risk
3) Procedural risk
4) Credit risk
5) None of these

Answers –
  1. 3
  2. 3
  3. 3
  4. 4
  5. 5
  6. 3
  7. 1
  8. 4
  9. 4
  10. 2
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