1. College of Agriculture Banking (CAB) was set up by

A. Ministry of Agriculture B. RBI C. NABARD D. None of the above

Answer: Option B
Explanation: RBI always tried to provide essential training to the staff of the banking industry. RBI has set up banker's training college at several places. The training institute namely National Institute of Bank Management (NIBM), Bankers Staff College (BSC), College of Agriculture Banking (CAB) etc.
2. What is 'M' stands for in the MSF (a monetary tool of RBI)?

A. Money B. Monetary C. Management D. Market

Answer: Option C
Explanation: By MSF mechanism commercial banks can get loans from RBI for their emergency needs. Under the Marginal Standing Facility (MSF), currently banks avail funds from the RBI on overnight basis against their excess SLR holdings
3.The Banking Ombudsman Scheme was introduced under which of the following section of the Banking Regulation Act, 1949?

A. Section 25 A B. Section 35 A C. Section 45 A D. Section 55 A

Answer: Option B
Explanation: The Banking Ombudsman Scheme was introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995.
4. Which of the following is not a Benefit of CTS(related to cheques)?

A. CTS speeds up the process of collection of cheques. B. It Reduces the scope for clearing-related frauds or loss of instruments in transit. C. Lowers the cost of collection of cheques. D. All of the Above

Answer: Option D
Explanation: The RBI has instructed all banks to implement the Cheque Truncation System (CTS) across the country.
5. In order to protect the deposit of small depositors, Deposit Insurance Guarantee Corporation was set up by

A. Finance Ministry B. IRDA C. RBI D. None of the above

Answer: Option C
Explanation: The RBI has set up the Deposit Insurance Guarantee Corporation in order to protect the deposit of small depositors. All bank deposits below Rs. 1 Lakh are insured with this corporation. The RBI work to implement the Deposit Insurance Scheme in case of a bank failure.

1. Which International Financial Institution is providing $63 mn loan for 'Tejaswini' project?

A. World Bank B. IMF C. Asian Development Bank D. BRICS Bank

Answer: Option A
Explanation: The World Bank will provide USD 63 million loan to India to empower 6.8 lakh adolescent girls in Jharkhand under the 'Tejaswini' project
2. Recently, RBI sets up panel 11-member committee to review cyber threats. This committee is headed by

A. TM Bhasin B. Meena Hemchandra C. Raghuram Rajan D. UK Sinha

Answer: Option B
Explanation: The Reserve Bank on Tuesday announced setting up of the inter-disciplinary standing committee on cyber security to review the threats inherent in the existing and emerging technology. The committee headed by Meena Hemchandra, executive director, RBI.
3. Who is the new Managing Director and Chief Executive Officer (CEO, Additional Charge) of Indian Overseas Bank for three more months?

A. Meena Hemchandra B. Aditya Puri C. Shri Melwyn Rego D. R Subramania Kumar

Answer: Option D
Explanation: R Subramania Kumar is today given additional charge of the post of Managing Director and Chief Executive Officer (CEO) of Indian Overseas Bank for three more months.
4.Telecom Secretary J.S. Deepak has been appointed as country's permanent representative to

A. World Bank B. Asian Development Bank C. IMF D. World Trade Organization

Answer: Option D
Explanation: Mr. Deepak will take over his new assignment from June 1, 2017 and till then he will be Officer on Special Duty (OSD) in the Department of Commerce in the Ministry of Commerce and Industries with immediate effect.
5. Which Bank has launched exclusive data-led group term insurance plan in partnership with ET Money (the Times Internet backed financial services app)?

A. HDFC B. ICICI C. SBI D. HSBC

Answer: Option A
Explanation: Offered as an ET Money benefit, the group term life insurance plan can be availed exclusively by 1 million users of the ET MONEY app.

1. What is the 'motto' of SBI Bank?

A. A tradition of trust B. Much more to do with You in focus C. The Banker to Every Indian D. Relationships beyond Banking

Answer: Option C
Explanation: Motto: The Banker to Every Indian
2. Which Bank has announced the launch of India's first life insurance chatbot in collaboration with Haptik, (India's largest chatbot platform)?

A. ICICI B. Bandhan Bank C. SBI D. HDFC

Answer: Option D
Explanation: The chatbot will act as a financial guide to help users choose the most suitable life insurance plans and solutions. This chatbot aims to assist the customers with insurance advice - ranging from Health to Tax Planning & Retirement, based on a simple 60- second quiz which enables it to compute their Insurance Quotient.
3. As recently stated by RBI, an NBFC cannot lend(against gold) more than

A. Rs 25,000 in cash B. Rs 50,000 in cash C. Rs 10,000 in cash D. Rs 100,000 in cash

Answer: Option A
Explanation: The earlier provision for NBFC was that highvalue loans against the gold of Rs 1 lakh and above must only be disbursed by cheque. RBI reduced the amount to Rs 25,000 from the earlier Rs 1 lakh in line with the provisions of the Income Tax Act.
4. Who is the new Chairman of HSBC Bank?

A. Kim yong B. Mark Tucker C. Takehiko Nakao D. Jean-Claude Juncker

Answer: Option B
Explanation: HSBC has appointed Mark Tucker, the chief executive of Asian insurer AIA, as group chairman.
5. Which Public Sector Bank has launched 'Work from Home' facility for employees?

A. Punjab National Bank B. Bank of India C. State Bank of India D. Bank of Baroda

Answer: Option C
Explanation: The Board of the bank has recently approved the 'Work from Home' policy to enable its employees to work while at home using mobile devices to address any urgent requirement they may have, that prevents their travelling to work.