1. Recently which of the following bank launches AI-enabled Electronic Live Assistant (ELA)?
(A) State Bank of India (B) United Bank of India
(C) Punjab National Bank (D) Punjab and Sind Bank
(E) Bank of Baroda
2. In the acronym SWIFT, S stands for____________
(A) Society (B) Strength
(C) Sensitive (D) Settlement
(E) Stock
3. India has become the _______ shareholder of the European Bank for Reconstruction and Development?
(A) 65th (B) 66th
(C) 67th (D) 68th
(E) 69th
4. When risk arising from negative public opinion due to big fraud or scam and inability of the bank to control operational risk is known as ________
(A) Reputation Risk (B) Liquidity Risk
(C) Business Risk (D) Credit Risk
(E) Market Risk
5. Which of the following organization regulates the Green Bonds?
(A) Reserve Bank of India (B) Securities Exchange Board of India
(C) Finance Ministry (D) State Bank of India
(E) None of these
6. The ATM which is owned and operated by Non-banking Company is known as _________
(A) Brown Label ATM (B) White Label ATM
(C) Black Label ATM (D) Bank’s Own ATM
(E) None of these
7. What is the maturity period of Commercial Bills?
(A) 30 Days (B) 60 Days
(C) 90 Days (D) All of these
(E) None of these
8. Which of the following is/are the measure to tackle NPA?
(A) Lok Adalat (B) Recovery through DRT
(C) Recovery through SARFAESI (D) Corporate Debt Restructuring
(E) All of these
9. In the acronym REIT, I stand for_________________
(A) Investment (B) Industry
(C) Institute (D) Information
(E) None of these
10. Which of the following is the first bank to sell Indian gold coins?
(A) Indian Overseas Bank (B) Bank of Baroda
(C)Bank of Maharashtra (D) State Bank of India
(E) None of these
Answers and Explanation
Answer1: (A) State Bank of India
Explanation: Electronic Live Assistant
It is designed to enhance the customer experience by providing relevant and instant responses to customer queries.
Answer2: (A) Society
Explanation: SWIFT- Society for Worldwide Interbank Financial Telecommunication
Answer3: (E) 69th
Explanation: This would enable more joint investment with Indian companies across EBRD’s regions of operation.
Answer4: (A) Reputation Risk
Explanation: When risk arising from negative public opinion due to big fraud or scam and inability of the bank to control operational risk is known as Reputation Risk.
Answer5: (B) Securities Exchange Board of India
Explanation: Green Bonds
It is a tax-exempt bond that is issued for the investment in green projects or for the development of Brownfield sites.
Answer6: (B) White Label ATM
Explanation: The ATM which is owned and operated by Non-banking Company is known as White Label ATM
Answer7: (D) All of these
Explanation: Commercial Bills
A bill of exchange issued by a commercial organization to raise money for short-term needs.
Answer8: (E) All of these
Explanation: NPA- An asset becomes non-performing when it ceases to generate income for the bank.
Answer9: (A) Investment
Explanation: REIT- Real Estate Investment Trust
Answer10: Indian Overseas Bank
Explanation: Indian Overseas Bank
Headquarter: Chennai
Founded: 1937
