Solved Question Paper With Answers on Banking For Specialist Officer Exam

Sample Paper of General Awareness Related to Banking 

1) Bank Rate implies the rate of Interest -

1) Paid by the reserve Bank of India on the deposit of Commercial Banks

2) Charged by Banks on Loan and Advances

3) Payable on Banks

4) At which the Reserve Bank of India discounts the bill of Exchange.

2) Which bank in India performs the duties of Central Bank ?

1) Central Bank of  India

2) State Bank of India

3) Reserve Bank of India

4) Above (a) and (c)

3) RBI was Nationalized in -

1)1959

2)1947

3)1945

4)1949

4) One Rupee note in India is Signed by

1) RBI Governor

2) Union Finance Minister

3) Secretary , Finance Ministry

4) Secretary , Commerce Ministry

5) The Headquarters of Asian Development Bank(ADB) is at -

1) Singapore

2) Manila

3) Hong Kong

4)Tokoyo

6) Cheque which is crossed can be encashed only -

1) Through Reserve Bank of India

2) Through the Payee

3) Through any Bank

4)None of  these

7) The Head quarter of RBI is in -

1) Delhi 

2) Kanpur

3) Mumbai

4) Nasik

8) The Nationalization of 14 Major commercial bank took place -

1) 1947

2) 1956

3) 1969

4) 1980

9) Which of the Following Statement is True ?

1) Banks Cannot Accept demand and time deposit from public.

2) Banks Can accept only demand deposits from public

3) Banks Can accept only Time deposits from public

4)Banks Can accept demand and time deposits only from Govt.

10) Which of the Following Statement is Correct Statement ?

1) State Bank of India is the sole Authority to issue and manage currency in India

2) A nationalized bank is the sole Authority to issue and manage currency in India

3) A Cooperative Bank is the sole Authority to issue and manage currency in India

4) RBI is the sole Authority to issue and manage currency in India

5) None of These

11) Interest payable on Saving Bank accounts is

1) not regulated by RBI

2) regulated by State Govt.

3) regulated by Central Govt

4) regulated by RBI

5) regulated by Finance Minister

12) The Usual deposit account of bank are

1) Current account , Electricity account  and Insurance Premium Account.

2) Current account , Post Office Saving Bank accounts and term deposit accounts.

3) Loan accounts , Saving bank accounts and term deposit accounts.

4) Current accounts , Savings bank accounts and term deposit account.

5) Current Bill accounts and term deposit account.

13) Fixed Deposits and recurring deposits are

1) Repayable after an agreed period

2) Repayable on demand

3) not Repayable

4) Repayable after death of depositors

5) Repayable on demand or after an agreed period as per bank choice

14) Accounts are allowed to be operated by cheques in respect of

1) Both Savings bank account and fixed deposit account.

2) Savings bank account and current accounts.

3) Both Savings bank account  and Loan account.

4) Both Savings bank account and Cash account

5) Both current accounts and fixed deposit account.

15) Mortgage is a -------

1) Security on movable property for a loan given by the bank.

2) Security on immovable property for a loan given by the bank.

3)Concession on immovable property for a loan given by the bank.

4) Facility on  immovable property for a loan given by the bank.

5) Security on immovable property for a deposit received by a bank.

16) Banks in our Country normally publicise that additional interest rate is allowed on retail domestic term deposit of

1) Minors

2) Married Women

3) Senior Citizens

4) Govt. Employees.

5) Rural residents

17) Which of the following is the cross selling by banks ?

a) Sale of Debit Card to a Credit Card holder

b) Sale of Insurance Policy to a Depositor

c) Issuance of Cash against cheque presented by the third party

1) Only 1

2) Only 2

3) Only 3

4) Both 1 & 3

5) All 1, 2 & 3

18) When a bank returns a cheque unpaid, it is called

1) Payment of the cheque

2) Drawing of the cheque

3) Cancelling of the cheque

4) Dishonor of the cheque

5) Taking of the  cheque

19) Which of the following type of account are known as the 'Demat' Account' ?
1) Accounts which are zero balance account.

2) Account which are opened to facilitate repayment of  a loan taken from the bank.No other business can be conducted from there.

3) Accounts in which shares of various companies are traded in electronic form.

4) Accounts which are operated through internet banking facility.

5) None of these.

20 ) NEFT means

1) National electronic funds transfer system

2) Negotiated efficient fund transfer solution.

3) National efficient fund transfer system.

4) Non effective fund transfer system

5) Negotiated electronic foreign transfer system.

21) Interest on savings bank account is now calculated by banks on -
1) Minimum balance during the month.
2) Minimum balance from 7th to last day of month.
3) Minimum balance from 10th to last day of month.
4) Minimum balance during the month.
5) Daily product basis

Answers

1) 4              11) 4           21) 5

2) 3              12) 4

3) 4              13) 2

4) 3              14) 2

5) 2              15) 2

6) 3              16) 3

7) 3              17) 2

8) 3              18) 4

9) 2              19) 3

10) 4            20) 1

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