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Axis Bank Placement Paper
1. An account holder draws a cheque on a?
(1) Banker of the Payee
(2) Banker of the Drawee
(3) Banker of the Drawer
(4) Banker of the Endorsee
(5) None of the above
2. The Bank should comply and intimate the compliance of Award to Ombudsman?
(1) Within Two Months
(2) Within 3 months
(3) Within one month
(4) Within one year
(5) None
3. Capital adequacy is worked out based on?
(1) Total demand and time liabilities
(2) Net demand and time assets
(3) Risk weighted assets
(4) Risk weighted liabilities
(5) None of the above
4. Statutory Liquidity Ratio (SLR) can be maintained in the following ways?
(1) Cash
(2) Gold
(3) Unencumbered approved securities
(4) All of these
(5) None of the above
5. What was the deposits criteria of 14 Banks nationalized on 19th July 1969?
(1) Rs.1000 Crore
(2) Rs. 500 Crore
(3) Rs. 100 Crore
(4) Rs. 50 Crore
(5) None of the above
6. What are the features of selective credit control?
(1) They distinguish between essential and non-essential uses of Bank credit
(2) Only non-essential uses are brought under the scope of Credit Bank controls
(3) They effect not only the lenders but also the borrowers
(4) All the above
(5) None of the above
7. Which of the following are the targets for different categories of priority sector?
(1) Overall target 40% of net Bank credit
(2) Agriculture loans (direct and indirect) 18%
(3) Priority sector target for foreign Banks is 32%
(4) All the above
(5) None of the above
8. Benefits in core Banking is ?
(1) Reliable centralized data recovery
(2) Data warehousing and data mining technologies
(3) Integrated customer centric services
(4) All the above
(5)None
9. Cheque truncation can be done by?
(1) Using MICR data
(2) Sending cheque by speed post
(3) Using image processing
(4) 1 & 3
(5) None of the above
10. Bank rate is decided by?
(1) Indian bank association
(2) Individual commercial bank
(3) Finance ministry
(4) Any one of the above can decide
(5) None of the above
11. What is nomination?
(1) A facility given to depositors by the Government
(2) It confers a right to the nominee to receive payment of a deposit after death of depositors
(3) It is a process of appointing legal heir by the depositors
(4) It is a part of will on behalf of a depositor
(5) None of the above
12. BFS- Board for Financial Supervision constituted in 1994 by RBI to undertake consolidated supervision of?
(1) Commercial Banks
(2) Financial Institutions
(3) Non Banking Finance Companies
(4) All the above
(5) None of the above
13. 'One Family one Bank' is the tagline of which Bank?
(1) Bank of India
(2) Indian Bank
(3) Bank of Maharashtra
(4) Union Bank of India
(5) None of the above
14. Research Institutions set up by Reserve Bank of India are?
(1) IDRBT (Institute for Development and Research in Ban- king Technology),Hyderabad
(2) IGIDR(Indira Gandhi Institute of Development Research),Mumbai
(3) NIBM (National Institute of Bank Management),Pune
(4) Only a & b
(5) All the above
15. Who is the Chairman of the Technical Committee formed to make a study on improvement in Mobile Banking:
(1) Bimal Jalan
(2) Rahuram Rajan
(3) B Sambamurthy
(4) Pulak Kumar Sinha
(5) None of the above
16. In âNEFTâ E stands for â
(1) Election
(2) Email
(3) Enlisted
(4) Ecstasy
(5) Electronic
17. The Basic Savings Bank Deposit Account (BSBDA) issued by banks is offered to which of the following customers?
1) Farmers
2) Daily wage earners
3) Self Help Group members
4) Students
5) All the customers
18. What is the validity of âKisan Credit Cardâ?
(1) 1 year
(2) 2 year
(3) 10 years
(4) 5 years
(5) 3 years
19. The Negotiable instrument is _____.
(1) Cheque
(2) Demand Draft
(3) Bill of Exchange
(4) All of the above
(5) Deposit Slip
20. The minimum paid up capital required for both small and payment banks is â
(1) Rs 500 Crore
(2) Rs 50 Crore
(3) Rs 100 crores
(4) Rs 200 Crore
(5) None of these
21. Bring out the only incorrect statement:
(A) Reserve Repo operation by RBI aims are injecting/increasing liquidity
(B) SDR refers to special drawing
(C) Rupee appreciation results in decrease in imports
(D) Increase in inflation rate leads to decline in real interest rate
22. What is a Repo Rate?
(A) It is a rate at which RBI sell government securities to banks
(B) It is a rate at which banks borrow rupees from RBI
(C) It is a rate at which RBI allows small loans in the market
(D) It is a rate which is offered by Banks to their most valued customers or prime customers
(E) None of these
23. Which of the following cannot be called as a Debt Instrument as referred in financial transactions?
(A) Certificate of Deposits
(B) Bonds
(C) Stocks
(D) Commercial Papers
(E) Loans
24. Whenever RBI does some Open Market Operation Transaction, actually it wishes to regulate which of the following?
(A) Inflation only
(B) liquidity in economy
(C) Borrowing powers of the banks
(D) Flow of Foreign Direct Investments
(E) None of these
25. The maximum amount of the total Revenue earned by the government of India comes from:
(A) Income Tax
(B) Customs Duty
(C) Excise Duty
(D) Value Added Tax
(E) Corporate Tax
26. In economics it is generally believed that the main objective of a Public Sector Financial Company like Bank is to:
(A) Employ more and more people
(B) Maximize total profits
(C) Maximize total production
(D) Provide financial service to the people of the nation of its origin across the country
(E) Sell the goods at subsidized cost
27. Capital Market Regulator isâ
(A) RBI
(B) IRDA
(C) NSE
(D) BSE
(E) SEBI
28. Which is the first Indian company to be listed in NASDAQ ?
(A) Reliance
(B) TCS
(C) HCL
(D) Infosys
(E) None of these
29. What is Call Money ?
(A) Money borrowed or lent for a day or over night
(B) Money borrowed for more than one day but upto 3 days
(C) Money borrowed for more than one day but upto 7 days
(D) Money borrowed for more than one day but upto 14 days
(E) None of these
30. The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form
(A) Reserve Bank of India
(B) Imperial Bank of India
(C) Bank of India
(D) Union Bank of
(E) None of these
