Full Questions and Answer of IIBF Exam for BC and BF, In English CSC IIBF 50 Questions.
Full Questions and Answer of IIBF Exam
1. The Relationship between price and interest rate for a Zero Coupon Bond is best described as is
a. Variable
b. Steady
c. Not Equal to
d. In Reverse
Answer :d. In Reverse
2. Which of the following are the main features of Rupay Debit Card ?
1. Low cost and affordability
2. Protection of Information related to Indian Customers
3. Offering Customized Products
4. All of the above
Answer :4. All of the above
3. The Cost of Insurance is Called …………….?
a. Fees
b. Service change
c. Premium
d. Installment
Answer : c. Premium
4. Consider the following Statement regarding mission Indradhanush?
1. This campaign is part universal immunization Program by 2020 and aims to immunize those all children have to be vaccinated against seven vaccine- preventable diseases that are either vaccine- exempt or have been missed, or have been partially missed.
2. this include disphtheria, whooping cough, tetanus, polio, tuberculosis, meals and hepatitis B
a). Only 1
b). Only 2
c) Both 1 & 2,
d). Non of the above
Answer :c) Both 1 & 2,
5. Which of the following is correct for Financial intermediaries?
a). Channel from saves to borrowers
b). greatly Increase Economic efficiency
c) Has been a source of many financial innovations
d). All of the above
Answer :d). All of the above
6. Working Capital Means?
a). Requirements for day- to day Transactions.
b). Excess of current assets over current liabilities
c) Fixed assets – current assets
d). current assets current liabilities
Answer :a). Requirements for day- to day Transactions.
7. Loan is available from Money Lenders
a). With High Interest Rate
b). no Proper Account
c) No Transparency
d). All of the above
Answer :d). All of the above
8. Who Control Monetary policy ?
a). IRDA
b). RBI
c) To yourself
d). SIDBI
Answer :b). RBI
9. Educational loan for study abroad will be treated as priority sector loan, one of the extent.
a). 4 Lakh
b). 10 Lakh
c) 15 Lakh
d). 20 Lakh
Answer :d). 20 Lakh
10. Internet Banking Means
a). Account Operation through internet
b).Opening Account through ATM
c) Both (a) and (b)
d). None of the above
Answer :a). Account Operation through internet
11. How many cases can DRT dispose/hear for recovery of Rs.
a). 10 lakh and above
b).only 20 lakh
c) only 50 lakh
d).only 100 lakh
Answer :a). 10 lakh and above
12. What does the letter L in LAP represent in relation to the monetary policy of RBI?
a). Liquidity
b). Liability
c) Leveraged
d).Longitudinal
Answer :a). Liquidity
13. What is the full form of NBFC?
a). Non – Bank Financial Competition
b). Non-Bank foreign company
c) Non- Bank financial Company
d).Non-Banking Finance Corporation
Answer :c) Non- Bank financial Company
14. payable on demand by any person other than the Reserve Bank of India or the Central Government issuing, accepting, making or issuing any bill or bill of exchange for any promissory note,………prohibited under.
a). Banking Regulation Act, 1949
b). Section 31 (1) of the Reserve Bank of India Act, 1934.
c) Transaction Instrument Act.1881
d).Indian Contract Act.1872.
Answer :b). Section 31 (1) of the Reserve Bank of India Act, 1934.
15. Which institution provides long- term finance to industries?
a).UTI
b). LIC
c) GIC
d).IDBI
Answer :d).IDBI
16. The cost of Education is increasing Every Year, and need to provide your family member with a better educational opportunity need to be provide facilities.
a). of deposited capital
b). of expenditure
c) Lottery,s
d). Broke Into
Answer :a). of deposited capital
17. What is negative Credit eligibility?
a). Not Eligible for Credit Card
b). No credit History available in your Bank
c) The bank will not allow you to borrow money
d). all of the above
Answer :d). all of the above
18. When the failure of the financial system affects other systems such as the insurance market or the foreign exchange market if it affects, there is a risk that
a). liquidity risk
b). settlement risk
c) systemic risk
d). clearing process risk
Answer :c) systemic risk
19. Payment bank can accept deposits?
a). of any kind and without any limit
b). fixed deposit only
c) Demand deposit only but no upper limit
d). Demand deposit where the balance does not exceed Rs. 1 lakh per customer
Answer :d). Demand deposit where the balance does not exceed Rs. 1 lakh per customer
20. Which of the following is done under the qualitative methods of credit control adopted by the Reserve Bank of India? Which one falls?
a). selective credit control
b). credit Authorization Scheme
c) moral suasion
d). all of the above
Answer :d). all of the above
21. Bank and other financial Institutions in India are required to deposit a certain amount of liquid assets such as cash, precious Metal and other short- term securities to be held in reserve at all times in the banking world. Necessary it is know.
a). CRR
b). fixed assets
c). SLR
d). PLR
Answer :c). SLR
22. EXIM Bank extends the facility of ………………………
a). Redistribution of foreign bills of commercial banks
b). Advisory Services to Exporters
c). Research and Market Survey
d). all of the above
Answer :d). all of the above
23. What is the minimum deposit requirement when opening a BSBD account?
a). Rs.500
b). Rs.1000
c). Rs.10,000
d). No minimum Deposit Required
Answer :d). No minimum Deposit Required
24. …………………….Can be enrolled in?
a). Savings Bank account
b). Recurring deposit account
c). fixed deposit account
d). all of the above
Answer :d). all of the above
25. Can an illiterate person be issued a debit card ?
a). Yes
b). No
c).In case of joint account only
d). Only in case head of Family
Answer :a). Yes
26. A loan or advance of a bank is defined as “doubtful” when it is less than Has been in sub – standard category for the period.
a). 6 months
b). 12 months
c). 3 months
d). 18 months
Answer :b). 12 months
27. On detection of counterfeit note on the counter, the Bank
a). Returns note customer
b). exchange with real note
c). deposit into account
d). issues a receipt for the note
Answer :d). issues a receipt for the note
28. Consider the following
1. Bank Rate Policy
2. Open Market Operation
3. Devaluation of Rupee
a). Only 1
b). both 1 and 2
c). both 1 and 3
d).only 3
Answer :d).only 3
29. Which currency note has security thread ?
a). 50 Rupees
b). 100 Rupees
c). 500 Rupees
d).all of the above
Answer :d).all of the above
30. Overdraft is usually issued by Bank …………..is allowed in
a). Savings account
b). Fixed deposit Account
c). Current account
d). Recurring Deposit Account
Answer :c). Current account
31. Personal Banking Includes which of the following?
a). Deposit
b). Loan or Credit card
c). Investment
d). all of the above
Answer :d). all of the above
32. What does the term means advances refer to ?
a). Advance under DRI scheme by Commercial Bank
b). Advance permitted under the twenty point Economic program by commercial Banks.
c). Bankers lend money to the government to bridge the gap between expenditure and flow of revenue receipts. tentative progress mode
d). all of the above
Answer :d). all of the above
33. Digital financial services provide basic financial services to people through new technologies such as expand the delivery of.
a). Internet
b). Mobile Phone
c). Transfer fund through new digital channel
d). all of the above
Answer :a). Internet
34. One nomination only ………………….can be done in favor of
a). Bank
b). Children with a spouse and guardian
c). parents, spouse and children
d). any person
Answer :d). any person
35. Calculate EMI for a loan amount of Rs.5 lakh to buy a new car, applicable interest rate 12% and the loan tenure is 4 year.
a). Rs.13,266
b). Rs.13,167
c). Rs.13,037
d). Rs.14,000
Answer :b). Rs.13,167
36. Payment can be made through account payee bank.
a). At the bank cash counter
b). At the ATM
c). by depositing into bank account
d). None of these
Answer :c). by depositing into bank account
37. Who monitors the implementation of PMMY progress at the national level?
a). MUDRA / Department of financial Services
b). State Level Bankers Committee (SLBC)
c). Both a and b
d). None of these
Answer :a). MUDRA / Department of financial Services
38. What is the maximum pension benefits under APY?
a). Rs.3,000
b). Rs.4,000
c). Rs.5,000
d). Rs.10,000
Answer :c). Rs.5,000
39. Which of the following products does not require marketing?
a). corporate loan
b). Export trade
c). Import trade
d). None of these
Answer :d). None of these
40. Intermediaries through which banks reach the rural poor in areas that have no branches is?
a). Self – help group
b). Non government organization
c). Debit Recovery Agent
d). Microfinance Institutions
Answer :c). Debit Recovery Agent
41. RBI is the lender of last resort which states?
a). Whenever there is an emergency, RBI gives money to the public
b). Commercial banks provide funds to RBI
c). The Reserve Bank of India grants necessary loans to financial institutions against eligible securities.
d). all of the above
Answer :c). The Reserve Bank of India grants necessary loans to financial institutions against eligible securities.
42. Shall not engage in activities carried out by Business Correspondents.
a). Distribution of small value loans
b). Recovery of principal and collection of interest: Borrower
c). Collection of small value deposits
d). Demand draft payment does not Exceeds Rs.1000
Answer :d). Demand draft payment does not Exceeds Rs.1000
43. The Reserve Bank of India is involved in initiatives towards financial inclusion of the rural poor (select the incorrect statement)
a). Introduction of basic no frills savings accounts, making them accessible to vast sections of the rural poor,
b). Simplified General Purpose Credit Cards (GCC) issued without insisting on collateral or purpose to do.
c). Financing of SMEs on concessional terms.
d). Relaxation in KYC norms for operating new kinship accounts in rural areas
Answer :c). Financing of SMEs on concessional terms.
44. EMI Calculation …………………based on factor
a). Principle
b). Number of year or months of repayment
c). Rate of interest
d). all of the above
Answer :d). all of the above
45. At Present, the number of public sector banks in India is
a). 8
b). 20
c). 12
d). 14
Answer :c). 12
46. A Scheduled bank is one which includes
a). Schedule II of the Banking Regulation Act.
b). Schedule II of the constitution
c). Second Schedule of RBI Act
d). None of these
Answer :c). Second Schedule of RBI Act
47. Bank Assurance is
a). An Insurance scheme to insure bank deposits
b). An insurance scheme exclusively for employees of banks
c). A holistic financial service offering both banks and insurance products
d). A bank deposit scheme exclusively for employees of insurance companies
Answer :c). A holistic financial service offering both banks and insurance products
48. Appointment of Banking Ombudsman…………..is done by
a). Union Finance Minister
b). Reserve Bank of India
c). SEBI
d). None of these
Answer :b). Reserve Bank of India
49. The definition of financial inclusion currently in use is the delivery of financial services by the formal financial system at an affordable cost to vast sections of disadvantaged and low income group.
a). True
b). False
Answer :a). True
50. Which of the following functions is not being performed by the Reserve Bank of India ?
a). Regulation Banks in India
b). Regulation of Foreign Direct Investment in India
c). Forex Management In India
d).Control and Supervision of money supply
Answer :b). Regulation of Foreign Direct Investment in India
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