1. As per the RBI Guidelines, on which of the following days RTGS facility will not operate?
a) 1st Monday of the month & 4th Saturday of the month
b) 2nd Saturday of the month & 4th Saturday of the month
c) All Saturdays of the month & 4th Saturday of the month
d) All Saturdays of the month & 2nd Saturday of the month
2. What is the name of the project that is an ambitious project of the Union Finance Ministry to bring into net black money hoarders and tax evaders by using optimum technology?
a) Project Insight
b) Project Black Money
c) Project Money Laundering
d) Project Monitoring
3. Name the body of 'eminent' professionals and officials, which will replace the Appointments Board for appointment of Whole-time Directors as well as non-Executive Chairman of PSBs?
a) NITI Aayog
b) NIYATAM
c) Bank Board Bureau
d) Bureau of Banking Standards
4. On 6th Aug’15 the Lok Sabha adopted the Negotiable Instruments (Amendment) Bill 2015 that enables the _________.
a) Enable Cheque collections on Electronic Mode & Proposed to change the definition of Cheques
b) Proposed to change the definition of Cheques & Lift the penalty over bouncing cheques
c) Lift the penalty over bouncing cheques & Proposed to change the definition of Cheques
d) Increase the penalty over bouncing cheques & Enable Cheque collections on Electronic Mode
5. As per the notification by Reserve Bank of India (RBI) on 6th Aug’15, in which areas the banks are allowed to shift, merge or close branches without seeking its prior permission?
a) Urban Areas
b) Rural Areas
c) Semi-Rural Areas
d) Semi-Urban Areas
6. Which of the following gives consumers the right to see their credit records and correct mistakes?
a) FACTA
b) FCRA
c) FDCPA
d) FOIA
7. FATCA stands for
a) Foreign Account Tax Compliance Act
b) Foreign Account Trade Company Act
c) Financial Account Tax Compliance Act
d) Fiscal Account Tax Compliance Act
8. Which of the following Act refers to the acquisition and transfer of the undertakings of certain banking companies?
a) Companies Act, 1956
b) Credit Information (Companies Regulation Act, 2005)
c) Banking Companies (acquisition and transfer of undertakings), 1970
d) Banking Regulation Act, 1949
9. Which of the following was/were established under the Recovery of Debts Due to Banks and Financial Institutions Act (RDDBFI Act), 1993?
a) DRTs
b) DRATs
c) Both (A) and (B)
d) None of the Above
10. As per the provisions of which act all financial institutions have to maintain a record for all form of transactions?
a) Companies Act, 1956
b) Credit Information (Companies Regulation Act, 2005)
c) Information Technology Act, 2000
d) PMLA Act, 2002