Institute of Banking Personnel Selection : Article

  • 2016-09-23

1.Co-operative banks are ____?

a) Private sector banks     b) Public sector banks 

c) Joint-sector banks     d) All of the above

e) None of the above

2.Certificate of Deposit can be issude by _____?

a) Reserve Bank, NABARD and Exim Bank only  

b) Commercial banks and term lending institutions 

c) Scheduled commercial banks excluding regional rural banks     

d) All the above

e) None of the above

3.The commercial paper can be issude by _____?

a) Corporates    b) Reserve Bank of India 

c) IDBI            d) Every non-banking company 

e) None of the above  

4.The Stock Exchange Board of India was set up by a Special Act in _____?

a) 1988     b) 1989     c) 1987      d) 1990

e) None of the above

5.Demand deposits mean ______?

a) Deposits with drawable on demand by the depositor 

b) Current deposits              c) Fixed deposits   

d) Short deposits                   e) None of the above  

6. Which of the following is a borrowing facility/loan advance?

(a) Term finance                    (b) Performance guarantee

(c) Bill received under letter of credit

(d) All the above                    (e) None of the above

 7. What is the minimum period of medium and long-term loans?

(a) 12 months        (b) 18 months

(c) 24 months        (d) 36 months

(e) None of the above

 8. Which bank does not belong to State Bank Group?

(a) State Bank of Indore

(b) Banaras State Bank

(c) State Bank of Bikaner and Jaipur

(d) State Bank of Patiala

(e) None of the Above

 9. In order to safeguard the interest of the Bank, Cash credit accounts are closed ____?

(a) On the death of the agent

(b) On the death of the principal borrower

(c) On the death of the Managing Director of the company

(d) All of these

(e) None of the above

 10. If all the banks in an economy are nationalised and converted into a monopoly bank, total deposit creation ____?

(a) Will increase

(b) Will decrease

(c) Will neither increase nor decrease

(d) All the above

(e) None of the above


1. Private sector banks
2. All the above
3. Corporates
4. 1988 
5. Deposits with drawable on demand by the depositor

6.A        7.B        8.B        9.B