Advertisment

Federal Bank Exam Mark Distribution


Subjects No. of Questions Marks Exam Duration
Verbal Ability / English Language 30 30 90 min
Quantitative / Numerical Ability 30 30
Logical Aptitude / Reasoning 30 30
General, Socio-economic & Banking Awareness 25 25
Computer Awareness 20 20
Digital Banking 15 15

Federal Bank Previous Exam Question Solution

1. Banking Ombudsman is appointed by
a) SEBI
b) NABARD
c) RBI
d) None of these
Ans: c) RBI
 
2. Name of Union Territory which as recently presented a tax free budge of Rs.6100 Crore for
the union territory:
a) Chandigarh
b) Puducherry
c) Dadra Nagar Haweli
d) None of these
Ans: b) Puducherry
 
3. Maximum age for retirement for MD/CEO of all private banks is
a) 60 years
b) 65 years
c) 70 years
d) None of these
Ans: c) 70 years
 
4. Two new Savings Bank products for children namely ‘PehlaKadam and PehliUdaan’
introduced by
a) State Bank of India
b) United Bank of India
c) Axis Bank
d) None of these
Ans: a) State Bank of India
 
5. 'Financial Exclusion' is:
a) Exclude the Finance
b) Lack of Access to Financial Services
c) Instability of Financial Services
d) None of these
Ans: b) Lack of Access to Financial Services
 
6. Vijay Mallya as 'Willful Defaulter' is declared by:
a) United Bank of India
b) Canara Bank
c) Dena Bank
d) None of these
Ans: a) United Bank of India
 
7. Mutual Funds are regulated by:
a) Reserve Bank of India
b) Securities and Exchange Board of India
c) Mutual Funds Board of India
d) None of these
Ans: b) Securities and Exchange Board of India
 
8. To solve the problems of Balance of Payments of membercountries is function of:
a) World Bank
b) IMF
c) GATT
d) None of these
Ans: b) IMF
 
9. Which term is not associated with banking operations:
a) Equator
b) Prime Lending Rate
c) Corporate Finance
d) None of these
Ans: a) Equator

10. U.T.I. officially changed into:
a) Vijaya Bank
b) Dena Bank
c) Axis Bank
d) None of these
Ans: 
 
11. Regulatory Authority for Regional Rural Bank is of:
a) Sponsor Bank
b) State Government
c) RBI and NABARD
d) None of these
Ans: c) RBI and NABARD
 
12. EBT stands for
a) Electronic Beginning Transaction
b) Electronic Benefit Transfer
c) Electric Belated Transfer
d) None of these
Ans: b) Electronic Benefit Transfer
 
13. The instrument can not be presented for the payment in the Clearing House is:
a) Fixed Deposit Receipt
b) Dividends
c) Demand Drafts
d) None of these
Ans: a) Fixed Deposit Receipt
 
14. BharatiyaMahila Bank Limited on 19 November, 2014 launched its Internet Banking Facility.
Name of it was:
a) BMB Net
b) BMB Online
c) BMB Smartbanking
d) None of these
Ans: c) BMB Smartbanking
 
15. Apex institution which handles refinance for agriculture and rural development in India is:
a) NABARD
b) SEBI
c) SIDBI
d) None of these
Ans: a) NABARD
 
16. The private sector bank which recently allowed children above 10 years to open savings bank
accounts after SBI is:
a) PNB
b) HDFC
c) ICICI
d) None of these
Ans: c) ICICI
 
17. IMF stands for
a) International Money Fund
b) International Monetary Fund
c) Indian Mutual Fund
d) None of these
Ans: b) International Monetary Fund
 
18. The private sector bank which launched FACEBOOK based instant fund transfer service to
enable users to send money to friends on social media network is :
a) Kotak Mahindra Bank
b) Syndicate Bank
c) Laxmi Vilas Bank
d) None of these
Ans: a) Kotak Mahindra Bank
 
19. First Multi-currency international Debit Cards are issued in India by:
a) Punjab National Bank
b) State Bank of India
c) Axis Bank
d) None of these
Ans: b) State Bank of India
 
20. IT company which will set up local data centers in India by the end of 2015 is:
a) Apple
b) Google
c) Microsoft
d) None of these
Ans: c) Microsoft
 
21. The Foreign Exchange Reserves of India are kept in the custody of:
a) International Monetary Fund
b) Reserve Bank of India
c) State Bank of India
d) None of these
Ans: b) Reserve Bank of India
 
22. "Bank of Rajasthan" merged with which bank"
a) Global Trust Bank
b) ICICI Bank
c) Axis Bank
d) None of these
Ans: b) ICICI Bank
 
23. Which bank opened a Lockless branch at Maharashtra to respecting the local customs:
a) State Bank of India
b) UCO Bank
c) Bank of Maharashtra
d) None of these
Ans: b) UCO Bank
 
24. 'Drawer' in the bank cheques is:
a) Who receives the cheques
b) Who encash the cheques
c) Who issues the cheques
d) None of these
Ans: c) Who issues the cheques
 
25. 'Drawee in the bank cheque is:
a) Who rejects the payment of cheques
b) Who encash the cheques
c) Always the Banker
d) None of these
Ans: c) Always the Banker
 
26. Which was the first bank to set up talking ATM in India:
a) Union Bank
b) Dena Bank
c) ICICI Bank
d) None of these
Ans: a) Union Bank
 
27. In 1976, Narang Bank of India was acquired by which of the following bank:
a) UCO Bank
b) Union Bank
c) United Bank of India
d) None of these
Ans: c) United Bank of India
 
28. Initially there were how many associate banks of State Bank of India in 1959:
a) Seven
b) Five
c) Two
d) None of these
Ans: a) Seven
 
29. During the period of Inflation, tax rates should:
a) Increase
b) Decrease
c) Fluctuate
d) None of these
Ans: a) Increase
 
30. Biggest tax paying sector in India is:
a) Agricultural Sector
b) Banking Sector
c) Industrial Sector
d) None of these
Ans: c) Industrial Sector
 
31. Which Indian Bank became the first to touch a market capitalization of Rs. 1,00,000 Crore in
India:
a) SBI
b) Axis Bank
c) HDFC Bank
d) None of these
Ans: a) SBI
 
32. Insurance sector is regulated by which of the following institution/organization:
a) SEBI
b) IRDA
c) RBI
d) None of these
Ans: b) IRDA
 
33. Expanded form of UCO Bank is:
a) United Cooperative Bank
b) Union Commercial Bank
c) United Commercial Bank
d) None of these
Ans: c) United Commercial Bank
 
34. IRDA stands for:
a) International Reconstruction and Development Association
b) Insurance Regulatory and Development Authority
c) Indian Road Development Agency
d) None of these
Ans: b) Insurance Regulatory and Development Authority
 
35. TRIPS and TRIMS are associated with which of following organization:
a) WTO
b) IMF
c) IDA
d) None of these
Ans: a) WTO
 
36. Which are the first two Indian Banks allowed to open branches in Pakistan in August, 2012:
a) SBI and Bank of India
b) Axis and HDFC Bank
c) HDFC and ICICI Bank
d) None of these
Ans: a) SBI and Bank of India

 
37. Which one of the leading nationalized bank in 2012 celebrated its 147th year of dedicated
service to the nation and has introduced 'Interactive Voice Response':
a) Bank of Baroda
b) Indian Overseas Bank
c) Allahabad Bank
d) None of these
Ans: c) Allahabad Bank
 
38. Which of the following is correct about ATM:
a) ATM is a computer which is dedicated to perform certain specific Jobs only
b) ATM is a user friendly machine and the customer does not require any training to use it
c) ATM is totally menu driven which displays instructions to the customers step by step for
operating the same
d) All of the above
e) None of these
Ans: d) All of the above
 
39. Universal Bank is one which:
a) present universally in all the countries of the world
b) Undertakes the functions of a development financial institution as well as a commercial
bank
c) All of the above
d) None of these
Ans: 
 
40. The merchant banking activities in India are governed by which of the following bodies:
a) SEBI
b) IRDA
c) RBI
d) None of these
Ans: a) SEBI
 
41. RBI was established in:
a) 1 April, 1935
b) 5 April, 1934
c) 5 May, 1935
d) None of these
Ans: a) 1 April, 1935
 
42. Original name of the State Bank of India was:
a) Bank of Calcutta
b) Bank of Bengal
c) Both Above
d) None of these
Ans: c) Both Above
 
43. State Bank of India comes in to existence in the year:
a) 1947
b) 1955
c) 1959
d) None of these
Ans: b) 1955
 
44. "Hum Hai Na" is slogan of which bank:
a) ICICI Bank
b) Punjab National Bank
c) Vijaya Bank
d) None of these
Ans: a) ICICI Bank
 
45. World Bank was established in the year:
a) 1955
b) 1942
c) 1944
d) None of these
Ans: c) 1944
 
46. Headquarter of World Bank is located at:
a) London
b) Washington D.C.
c) Geneva
d) None of these
Ans: b) Washington D.C.
 
47. 12th President of World Bank Group is:
a) Kelvin BlayerOdwich
b) ShinjoYuang
c) Jim Yong Kim
d) None of these
Ans: c) Jim Yong Kim
 
48. "Overdrafts" covered under which of following function:
a) Accepting Deposits
b) Advancing of Loans
c) Both of Above
d) None of these
Ans: b) Advancing of Loans
 
49. For the overdraft facility, customer have to pay:
a) Interest
b) Commission
c) Normal Charges
d) None of these
Ans: a) Interest
 
50. SIDBI stands for"
a) Specially Industries Development Bank of India
b) Sound Industries Development Bank of India
c) Small Industries Development Bank of India
d) None of these
Ans: c) Small Industries Development Bank of India
 
51. NHB is:
a) Hyderabad Bank for Nation
b) National Housing Bank
c) Non - Housing Bank in India
d) None of these
Ans: b) National Housing Bank
 
52. NHB was established on:
a) 19 July, 1992
b) 12 July, 1985
c) 9 July, 1988
d) None of these
Ans: c) 9 July, 1988
 
53. NDTL stnads for:
a) Net Demand and Time Liabilities
b) Non Demat Terrific Liabilities
c) National Demand for True Liabilities
d) None of these
Ans: a) Net Demand and Time Liabilities
 
54. The share of NDTL which Bank maintain in cash with RBI is termed as:
a) CRR
b) SLR
c) MSF
d) None of these
Ans: a) CRR
 
55. The account that allows you to buy, sell as well as transact without the need of any paperwork
is:
a) Simple Account
b) Demat Account
c) Current Account
d) None of these
Ans: b) Demat Account
 
56. KYC is:
a) Know Your Customer
b) Know Your Cheque
c) Keep Your Cash
d) None of these
Ans: a) Know Your Customer
 
57. Increase in the general level of prices for goods and services are known as:
a) Deflation
b) Inflation
c) Normal Price Increment
d) None of these
Ans: b) Inflation
 
58. A cheque which is payable to any person who presents it for payment at the bank counter is
called:
a) Cross Cheque
b) Bearer Cheque
c) Open Cheque
d) None of these
Ans: b) Bearer Cheque
 
59. Barometer of Indian Market is:
a) NIFTY
b) SENSEX
c) Both of Above
d) None of these
Ans: c) Both of Above
 
60. Cooperative enterprises entered into two or more business entities, known as:
a) Megers
b) Amalgamation
c) Joint Venture
d) None of these
Ans: c) Joint Venture
 
61. Capital Market deals in:
a) Long Term Funds
b) Debt and Equity
c) All of the Above
d) None of these
Ans: c) All of the Above
 
62. In which year Banking Commission was established:
a) 1971
b) 1972
c) 1974
d) 1975
Ans: b) 1972
 
63. IRDA's headquarter situated at:
a) Ahmedabad
b) Hyderabad
c) Aurangabad
d) None of these
Ans: b) Hyderabad
 
64. State Bank of India was formulated under:
a) SBI Act, 1957
b) SBI Act, 1959
c) SBI Act, 1955
d) None of these
Ans: c) SBI Act, 1955
 
65. Which of the following bank is the first universal bank established in the country:
a) SBI
b) PNB
c) ICICI Bank Limited
d) None of these
Ans: c) ICICI Bank Limited
 
66. Scheduled Commercial Banks got licence under:
a) Banking Regulation Act 1949
b) Banking Regulation Act 1952
c) Banking Regulation Act 1955
d) None of these
Ans: a) Banking Regulation Act 1949
 
67. Laxmi Commercial Bank merged with:
a) Vijaya Bank
b) Dena Bank
c) Canara Bank
d) None of these
Ans: c) Canara Bank
 
68. When ATM machine installed in the bank is out of order, it is called:
a) Operational Risk
b) Electronic Default
c) ATM Auto Default
d) None of these
Ans: a) Operational Risk
 
69. When the computers are not functioning in a bank, it is called:
a) Auto Default
b) Computer Risk
c) Operational Risk
d) None of these
Ans: c) Operational Risk
 
70. When the loans are not repaid in time, it is called:
a) Loan Defaulter
b) Credit Risk
c) Weak Creditworthiness
d) None of these
Ans: b) Credit Risk
 
71. When the bank products fail to survive in the market, it is called:
a) Bank Products Failure
b) Bank Failure
c) Market Risk
d) None of these
Ans: c) Market Risk
 
72. When the banks are not able to pay the amount to the depositors, it is called:
a) Bank Insolvency
b) Liquidity Risk
c) Financial Default
d) None of these
Ans: b) Liquidity Risk
 
73. IFSC denotes:
a) Branch Location of any Bank
b) Branch Code of any Bank
c) District Code of any Bank
d) None of these
Ans: b) Branch Code of any Bank
 
74. IFSC consists of:
a) 11 digits
b) 14 digits
c) 12 digits
d) None of these
Ans: a) 11 digits
 
75. Oriental Bank of Commerce has taken over:
a) Kotak Mahindra Bank
b) Axis Bank
c) Global Trust Bank
d) None of these
Ans: c) Global Trust Bank
 
76. RBI does not issue:
a) One Rupee Note
b) Hundred Rupee Note
c) Twenty Rupee Note
d) None of these
Ans: a) One Rupee Note
 
77. Which state government's business is not transacted by RBI:
a) Himachal Pradesh
b) Jammu and Kashmir
c) Manipur
d) None of these
Ans: b) Jammu and Kashmir
 
78. Which was the first Indian bank to open the branch outside India at London in 1946:
a) Punjab National Bank
b) SBI
c) Bank of India
d) None of these
Ans: c) Bank of India
 
79. NRI deposits are called as:
a) Hot Money
b) Foreign Deposits
c) NRI Funds
d) None of these
Ans: a) Hot Money
 
80. LAB means:
a) Legislatively Assembled Banks
b) Lawfully Authorized Banks
c) Local Area Banks
d) None of these
Ans: c) Local Area Banks
 
81. First Public Sector Bank to issue capital to public is:
a) Axis Bank
b) Oriental Bank of Commerce
c) Laxmi Bank
d) None of these
Ans: b) Oriental Bank of Commerce
 
82. The Management of SEBI consists of:
a) Chairman and Four Members
b) Chairman and Seven Members
c) Chairman and Five Members
d) None of these
Ans: c) Chairman and Five Members
 


83. Social Control of the banks introduced during the year:
a) 1967
b) 1969
c) 1970
d) None of these
Ans: a) 1967
 
84. Which of the following is correct about the Home Banking:
a) Extended version of Tele-Banking
b) Customer is able to access his bank account from home
c) All of the Above
d) None of these
Ans: c) All of the Above
 
85. The regulatory authority for Regional Rural Banks is RBI and:
a) NABARD
b) BhartiyaMahila Bank
c) Laxmi Bank
d) None of these
Ans: a) NABARD
 
86. When RBI desires to restrict expansion of credit it raises the:
a) Bank Rate
b) SLR
c) Both SLR and Bank Rate
d) None of these
Ans: a) Bank Rate
 
87. Sub Section 12AB of section 17 of RBI Act defines the term:
a) Repo Rate
b) Reverse Repo Rate
c) SLR
d) None of these
Ans: b) Reverse Repo Rate
 
88. When a Bank returns a cheque unpaid, it is called:
a) Dishonor of the Cheque
b) Cheque Bounce
c) Both Dishonor and Bounce of the Cheque
d) None of these
Ans: a) Dishonor of the Cheque
 
89. Mortgage is Security on:
a) Immovable Property
b) Movable Property
c) Both Movable and Immovable Property
d) None of these
Ans: a) Immovable Property
 
90. Accounts in which shares of various companies are traded in electronic form are called:
a) Demat Accounts
b) Revenue Accounts
c) E-Accounts
d) None of these
Ans: a) Demat Accounts
 
91. Full form of FINO:
a) Financial Information Network and Operation Limited
b) Finance Information Network Organization
c) Finance in Network Organization
d) None of these
Ans: a) Financial Information Network and Operation Limited
 
92. When the purchasing power of money decreases then rate of Inflation:
a) Increases
b) Decreases
c) May be Increase/Decrease
d) None of these
Ans: a) Increases
 
93. Full form of DICGC:
a) Deposit Insurance and Credit Guarantee Corporation of India Limited
b) Document of Insurance and Credit Guarantee Corporation of India
c) Deposit in International Credit Guarantee Corporation of India Limited
d) None of these
Ans: a) Deposit Insurance and Credit Guarantee Corporation of India Limited
 
94. Urban Cooperative Bank is:
a) Not a Commercial Bank
b) Not a Non - Commercial Bank
c) Listed Bank
d) None of these
Ans: a) Not a Commercial Bank
 
95. Following is not a primary function of a Bank:
a) Facilitating Import of Goods
b) Facilitating Cash Deals
c) Providing Loans
d) None of these
Ans: a) Facilitating Import of Goods
 
96. The reserves which can act as liquidity buffer for commercial banks during crisis times are:
a) CRR and SLR
b) Only CRR
c) Only SLR
d) None of these
Ans: a) CRR and SLR
 
97. Money Laundering is:
a) Conversion of money which is illegally obtained
b) Conversion of money which is legally obtained
c) All converted money
d) None of these
Ans: a) Conversion of money which is illegally obtained
 
98. The credit risk to the bank is high from which of these cards:
a) Credit Card
b) Debit Card
c) Both types of Cards
d) None of these
Ans: a) Credit Card
 
99. Mortgage is a security on which kind of property for loan given by the bank:
a) Immovable Property
b) Movable Property
c) Both kinds of Property
d) None of these
Ans: a) Immovable Property
 
100. NEFT means:
a) National Electronic Funds Transfer
b) National Electronically Financial Transfer
c) Non - Electronic Fund Transfer
d) None of these
Ans: a) National Electronic Funds Transfer
 
Previous Question Topics
Federal Bank Previous Exam Question Banking Awareness
Federal Bank Previous Exam Question Quantitative Aptitude
Federal Bank Previous Exam Question Reasoning
Federal Bank Previous Exam Question Computer

Post a Comment

Leave with comments

Previous Post Next Post

Advertisement

Advertisement