8ank|ng Industry as a part of Genera| Awareness sect|on has been recent|y added for bank exam It

emphas|zes on app||cants' know|edge of current affa|rs w|th spec|a| reference to bank|ng |ndustry
1he team of [agran[oshcom has exc|us|ve|y prepared uest|on 8ank sect|on for cand|dates who asp|re
to be a bank ersonne|
Genera| Awareness (8ank|ng Industry) uest|on 8ank for ract|ce
1 Whlch of Lhe followlng bodles LlghLened Lhe norms for forelgn exchange rlsk cover ln lndla
menLlonlng LhaL only companles wlLh a neLworLh of 8s 200 crore can use derlvaLlves Lo hedge agalnsL
rlsk of volaLlllLy ln currency raLes?
a lMl
b 8eserve 8ank of lndla
c SL8l
d unlon MlnlsLry of llnance
Ans b
2 Whlch body ln lndla flnally provlded Lax exempLlon on Lhe 93 per cenL lnLeresL lncome on l deposlLs
for 201011?
a 8eserve 8ank of lndla
b lncome 1ax ueparLmenL
c Lmployees' rovldenL lund CrganlsaLlon
d CorporaLe Affalrs MlnlsLry
Ans b
3 (1) 1he reporL on CusLomer Servlce ln 8anks by a commlLLee chalred by M uamodaran former
Chalrman of Lhe SecurlLles and Lxchange 8oard of lndla (SL8l) LhaL was released on 3 !uly 2011
recommended an lncreased deposlL lnsurance cover of 8s3 lakh so as Lo encourage lndlvlduals Lo keep
all Lhelr deposlLs ln banks
(2) 1he panel also suggesLed blocklng of losL A1M cards Lhrough SMS and lmmedlaLe resLoraLlon of
funds ln case of nondlspensaLlon of cash aL an A1M wlLhln 3 worklng days
Whlch of Lhe above ls noL Lrue?
a Cnly 1
b Cnly 2
c 8oLh 1 2
d none of Lhe above
Ans b
1he 8eserve 8ank of lndla (88l) ln a bld Lo Lame lnflaLlonary pressure hlked Lhe shorLLerm lndlcaLlve
pollcy raLe (repo raLe) by 30 basls polnLs on 26 !uly 2011 1he repo raLe currenLly sLands aL whaL
percenLage?
a 7
b 73
c 8
d 83
Ans c
S Whlch bank posLed a 99 per cenL drop ln neL proflL aL 8s 21 crore for Lhe fourLh quarLer ended 31
March 2011 agalnsL 8s 1867 crore durlng Lhe correspondlng perlod ln 2010?
a lndlan Cverseas 8ank
b SLaLe 8ank of lndla
c 8ank of lndla
d unlLed 8ank of lndla
Ans b
6 Who dld global paymenLs processlng company MasLerCard appolnL as Lhe Ceneral Manager SouLh
Asla and CounLry resldenL lndla?
a 1 v Seshadrl
b vlcky 8lndra
c 1unde Lemo
d A[ay 8anga
Ans a
7 CovernmenL of lndla on 19 !uly 2011 appolnLed usha AnanLhasubramanlan former general manager
of 8ank of 8aroda (8o8) as execuLlve dlrecLor of whlch publlc secLor lender?
a CenLral 8ank of lndla
b un[ab naLlonal 8ank
c unlLed 8ank of lndla
d Cramln 8ank
Ans b
8 name Lhe publlc secLor lender LhaL selecLed MeLllfe as lLs parLner for a proposed foray lnLo Lhe llfe
lnsurance segmenL
a SyndlcaLe 8ank
b un[ab naLlonal 8ank
c CorporaLlon 8ank
d unlLed 8ank of lndla
Ans b
9 Whlch bank slgned a memorandum of undersLandlng wlLh uewan Pouslng llnance CorporaLlon
(uPlL) under whlch uPlL wlll dlsLrlbuLe home loans Lo ?es 8anks cusLomers?
a Canara 8ank
b A8n Amro bank
c ?es 8ank
d PS8C
Ans c
10 Whlch llfe lnsurance company ln lndla launched a new nonllnked healLh lnsurance plan !eevan
Arogya?
a PulC SLandard Llfe lnsurance Co LLd
b Llfe lnsurance CorporaLlon of lndla
c lu8l lorLls Llfe lnsurance Company LLd
d S8l Llfe lnsurance Co LLd
Ans b
11 Whlch of Lhe followlng publlc secLor banks ln november 2011 froze lLs lendlng Lo Lhe power secLor?
a SLaLe 8ank of lndla
b Allahabad 8ank
c un[ab naLlonal 8ank
d unlLed 8ank of lndla
Ans b
12 Whlch lndlan bank on 10 May 2011 ralsed benchmark prlme lendlng raLe 73 basls polnLs Lo 14
followlng ralslng of lnLeresL raLes by 88l by basls polnLs on 3 May 2011?
a SLaLe 8ank of lndla
b unlon 8ank
c un[ab naLlonal 8ank
d 8ank of 8aroda
Ans a
13 1he 8eserve 8ank of lndla on 26 Aprll 2011 flned 19 banks lncludlng Lhe counLrys Lop prlvaLe and
forelgn banks for vlolaLlng lLs guldellnes on derlvaLlves Whlch ls Lhe only publlc secLor bank on Lhe llsL of
banks Lo be flned?
a SLaLe bank of lndla
b un[ab naLlonal 8ank
c 8ank of lndla
d lndlan 8ank
Ans a
1 1he 8eserve 8ank of lndla on 23 AugusL 2011 released lLs Annual 8eporL for 201011 Whlch of Lhe
followlng was noL dlscussed ln Lhe Annual 8eporL Lhe CenLral 8oard of Lhe 88l?
a assessmenL of Lhe macroeconomlc performance durlng 201011
b prospecLs for 201112
c worklng and operaLlons of Lhe 8eserve 8ank and lLs flnanclal accounLs
d role of regulaLory bodles ln conLrolllng Lhe flnanclal markeLs
Ans d
1S 8eserve 8ank of lndla (88l) panel headed by headed by usha 1horaL ulrecLor CenLre for Advanced
llnanclal 8esearch and Learnlng (CAl8AL) on 29 AugusL 2011 came up wlLh suggesLlon on nonbanklng
flnance company (n8lC) Whlch of Lhe followlng relaLed Lo Lhls sLaLemenL ls noL Lrue?
1 1he panel suggesLed Lhe cenLral bank Lo lnslsL on a mlnlmum asseL slze of more Lhan 8s23 crore for
reglsLerlng any new nonbanklng flnance company (n8lC)
2 1ransfer of shareholdlng dlrecL or lndlrecL of 23 per cenL and above change ln conLrol merger or
acqulslLlon of any reglsLered n8lC wlll requlre prlor approval of Lhe 8eserve 8ank
3 1lerl caplLal for caplLal Lo rlsk welghLed asseLs raLlo (C8A8) purposes would be speclfled aL 12 per
cenL Lo be achleved ln Lhree years for all reglsLered deposlLLaklng and nondeposlLLaklng n8lCs
n8lCs would be sub[ecL Lo regulaLlons slmllar Lo banks whlle lendlng Lo sLock brokers and merchanL
banks and slmllar Lo sLock brokers as speclfled by Lhe SecurlLles and Lxchange 8oard of lndla (SL8l)
a 1 4
b 2 4
c Cnly 4
d Cnly 1
Ans d
16 Whlch lndlan Su bank ln Lune wlLh lLs plans Lo expand lLs reLall dlvlslon ln Lhe uk enLered Lhe
morLgage markeL ln Lhe counLry for Lhe flrsL Llme?
a un[ab naLlonal 8ank
b CrlenLal 8ank of Commerce
c SLaLe bank of lndla
d lndlan Cverseas 8ank
Ans c
17 Whlch of Lhe followlng banks seL up Lwo loan processlng cenLres for Lhe small and medlum
enLerprlse (SML) segmenL on a plloL basls ln 8angalore ln new uelhl ln SepLember 2011?
a Corp 8ank
b unlLed 8ank of lndla
c SyndlcaLe 8ank
d 8ank of 8aroda
Ans c
18 1he governmenL suspended M 8amadoss for alleged vlolaLlons ln lssulng lnsurance cover Lo an
alrllne durlng hls sLlnL as head of anoLher sLaLerun lnsurer 1o whlch lnsurance group dld he belong Lo?
a new lndla Assurance
b LlC
c ClC
d lClCl lnsurance
Ans a
19 Whlch of Lhe followlng banks ln early May 2011 enLered lnLo a Lleup wlLh nonbanklng flnance
companles such as luLure CaplLal 8a[a[ llnance and 8ellance CaplLal Lo grow lLs reLall porLfollo?
a CenLral 8ank of lndla
b SLaLe 8ank of lndla
c 8ank of lndla
d PulC 8ank
Ans a
20 Whlch are Lhe Lwo Cu[araLbased cooperaLlve secLor lenders on whlch 8eserve bank of lndla
lmposed a flnanclal penalLy of 8s 1 lakh each for vlolaLlon of varlous rules lncludlng anLlmoney
launderlng guldellnes?
1 Shree MahalaxmlMercanLlle CooperaLlve 8ank
2 8ander eoples CooperaLlve 8ank
3 Abad ulsLrlcL Co Cp 8ank
Ahd MercanLlle CoCp 8ank LLd
a 1 2
b 2 3
c 1 4
d 3 4
Ans (a)