question_answer 1)
Consider the following statements:
1. In Indian Commercial Banking System, the number of the Non-scheduled Bank is more than the Scheduled Banks. 2. The Non-scheduled Banks in Indian Commercial Banking Systems are even less than a dozen in number.
Which of the statements given above is/are correct?
A)
Only 1 done
clear
B)
Only 2 done
clear
C)
Both 1 and 2 done
clear
D)
Neither 1 nor 2 done
clear
E)
Can't say done
clear
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question_answer 2)
Which one of the following banks can be included in the Scheduled Commercial Banking System of India?
A)
Regional Rural Banks done
clear
B)
Private Sector Banks done
clear
C)
Foreign Banks in India done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 3)
Match the following:
List I List II A. Allahabad Bank 1. Delhi B. Central Bank of India 2. Kolkata C. Indian Overseas Bank 3. Mumbai D. Punjab National Bank 4. Chennai
Codes:
A)
A-2 B-3 C-4 D-1 done
clear
B)
A-4 B-3 C-2 D-1 done
clear
C)
A-4 B-3 C-2 D-1 done
clear
D)
A-4 B-1 C-3 D-2 done
clear
E)
A-1 B-2 C-3 D-4 done
clear
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question_answer 4)
Consider the following statements:
1. Scheduled Commercial Banks are those which have been included in the First Scheduled of RBI Act, 1934. 2. Non-scheduled Commercial Banks are those which have been included in the Second Scheduled of RBI Act, 1934.
Which of the statements given above is/are correct?
A)
Only 1 done
clear
B)
Only 2 done
clear
C)
Both 1 and done
clear
D)
Neither 1 nor 2 done
clear
E)
Can't say done
clear
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question_answer 5)
A scheduled bank is the one which is included in the
A)
II Schedule of Banking Regulation Act done
clear
B)
II Schedule of Constitution done
clear
C)
II Schedule of RBI Act done
clear
D)
All of these done
clear
E)
None of these done
clear
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question_answer 6)
Presently, the number of the public sector banks in India is
A)
8 done
clear
B)
20 done
clear
C)
28 done
clear
D)
14 done
clear
E)
None of these done
clear
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question_answer 7)
Which of the following is popular 'saving bank' among the poor children?
A)
Core banking done
clear
B)
Credit banking done
clear
C)
Debit banking done
clear
D)
Merchant banking done
clear
E)
Piggy banking done
clear
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question_answer 8)
Who is a very senior citizen?
A)
A person who is 65 years and above done
clear
B)
A person who is 75 years and above done
clear
C)
A person who is 80 years and above done
clear
D)
A person who is 90 years and above done
clear
E)
A person who completed 100 years of age done
clear
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question_answer 9)
When banks accept fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known?
A)
Term deposit done
clear
B)
Demand deposit done
clear
C)
Bond done
clear
D)
Mortagage done
clear
E)
Advance done
clear
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question_answer 10)
Which one of the following whose activities are not systematically coordinated by the monetary authority?
I. Organised sector II. Unorganised sector III. Co-operative sector
Select the correct answer using the codes given below
A)
Only II done
clear
B)
I and III done
clear
C)
Only I done
clear
D)
II and III done
clear
E)
Only III done
clear
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question_answer 11)
Which one of the following dominates the organised sector?
A)
RBI done
clear
B)
Commercial Bank done
clear
C)
Co-operative Bank done
clear
D)
RRBs done
clear
E)
SBI done
clear
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question_answer 12)
National Saving Scheme (NSS-922) has been closed by the government since
A)
1st November, 1999 done
clear
B)
1st November, 2000 done
clear
C)
1st November, 2001 done
clear
D)
1st November, 2002 done
clear
E)
1st November, 2003 done
clear
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question_answer 13)
Match the following:
List I List II A. Agricultural Sector 1. Unit Fund B. Industrial Sector 2. Enacted by Parliament in 1976 C. Unorganised Sector 3. NABARD D. RRB 4. Public Issue
Codes:
A)
A-3 B-4 C-1 D-2 done
clear
B)
A-4 B-3 C-2 D-1 done
clear
C)
A-1 B-2 C-3 D-4 done
clear
D)
A-3 B-2 C-4 D-1 done
clear
E)
A-2 B-3 C-1 D-4 done
clear
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question_answer 14)
A scheduled bank is one
A)
which conforms to the requirements of Schedule III of the Banking Regulation Act, 1949 done
clear
B)
which has been declared as a scheduled bank by the Government of India done
clear
C)
which has deposits exceeding Rs. 10 crore done
clear
D)
which has its name added to the second schedule of the Reserve Bank of India Act, 1934 done
clear
E)
None of the above done
clear
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question_answer 15)
Which of the following can be identified as a demat account?
A)
Accounts which can have zero balance done
clear
B)
Accounts opened to facilitate repayment of loan done
clear
C)
Accounts in which shares of companies are traded in electronic form done
clear
D)
Accounts maintained by mutual fund companies for investors done
clear
E)
None of the above done
clear
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question_answer 16)
Which of the following is not a money market instrument?
A)
Treasury Bills done
clear
B)
Commercial Paper done
clear
C)
Certificate of Deposit done
clear
D)
Equity Share done
clear
E)
None of these done
clear
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question_answer 17)
Treasury Bills means
A)
salary bills drawn by Government officials on the treasury done
clear
B)
bills drawee by the Government contractors and other suppliers on the treasury for the dues owed to them by the Government done
clear
C)
obligation of the Government of India issued by the Reserve Bank of India and payable normally 91 days after issue done
clear
D)
a mode of drawings by the Treasury Office on the Reserve Bank of India done
clear
E)
None of the above done
clear
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question_answer 18)
Which one of the following countries is the first borrower of fund from the International Monetary Fund?
A)
United States done
clear
B)
France done
clear
C)
Spain done
clear
D)
India done
clear
E)
Sri Lanka done
clear
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question_answer 19)
Which one of the following statements is true regarding IMF?
A)
It is not an agency of UNO done
clear
B)
It can grant loan to any country of the world done
clear
C)
It can grant loan to State Government of a country done
clear
D)
It grants loan only to member nations done
clear
E)
All of the above done
clear
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question_answer 20)
Voting rights in the IMF are distributed on the basis of
A)
one country, one vote done
clear
B)
proportion to the share of the income of the country in the world income done
clear
C)
proportion to contributions given by each country done
clear
D)
proportion to quota allotted to countries from time to time done
clear
E)
None of the above done
clear
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question_answer 21)
The headquarters of IMF and World Bank are located at
A)
Geneva and Montreal done
clear
B)
Geneva and Vienna done
clear
C)
New York and Geneva done
clear
D)
Washington DC done
clear
E)
Nigeria done
clear
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question_answer 22)
Which one of the following institutions publish the report of 'World Economic Outlook'?
A)
IMF done
clear
B)
World Bank done
clear
C)
RBI done
clear
D)
UNCTAD done
clear
E)
Citi Bank done
clear
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question_answer 23)
The capital of IMF is made up by contribution of the
A)
credit done
clear
B)
deficit financing done
clear
C)
member nations done
clear
D)
borrowing done
clear
E)
All of these done
clear
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question_answer 24)
Special drawing right is an international practice of drawing funds. Which of the following institutions control this special finding facility?
A)
World Bank done
clear
B)
Asian Development Bank done
clear
C)
Federal Reserve done
clear
D)
European Common Market done
clear
E)
All of the above done
clear
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question_answer 25)
Nationalised banks have been permitted to offer their equity shares to the public to the extent of 49% of their capital as per amendments made in 1994, in
A)
Banking Regulation Act, 1949 done
clear
B)
Banking Companies (Acquisition and Transfer of Undertakings) Acts 1970/1980 done
clear
C)
RBI Act, 1935 done
clear
D)
Nationalisation of Banks Act, 1980 done
clear
E)
None of the above done
clear
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question_answer 26)
How many banks are presently associates of State Bank of India?
A)
8 done
clear
B)
7 done
clear
C)
6 done
clear
D)
5 done
clear
E)
4 done
clear
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question_answer 27)
The paid-up capital of non-scheduled bank is less than
A)
Rs. 5 lakh done
clear
B)
Rs. 10 lakh done
clear
C)
Rs. 12 lakh done
clear
D)
Rs. 15 lakh done
clear
E)
None of these done
clear
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question_answer 28)
Which financial entities can issue Certificate of Deposits (CDs)?
A)
Scheduled Commercial Banks, excluding RRBs done
clear
B)
Financial Institutions permitted by RBI done
clear
C)
Both [a] and [b] done
clear
D)
None of the above done
clear
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question_answer 29)
How many banks are presently nationalized banks in India?
A)
14 done
clear
B)
15 done
clear
C)
19 done
clear
D)
20 done
clear
E)
6 done
clear
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question_answer 30)
Which of the following are the scheduled banks?
A)
State Bank of Mauritius Limited done
clear
B)
HDFC Bank Limited done
clear
C)
ICICI Bank done
clear
D)
None of the above done
clear
E)
All of the above done
clear
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question_answer 31)
Which of the following is not the part of the scheduled banking structure in India?
A)
Moneylenders done
clear
B)
Public sector banks done
clear
C)
Private sector banks done
clear
D)
Regional rural banks done
clear
E)
State co-operative banks done
clear
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question_answer 32)
BCSBI stands for
A)
Banking Codes and Standards Board of India done
clear
B)
Banking Credit and Standards Board of India done
clear
C)
Banking Codes and Service Board of India done
clear
D)
Banking Credit and Service Board of India done
clear
E)
None of the above done
clear
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question_answer 33)
Banking has been defined under _________
A)
Banking Regulation Act Section 5[b] done
clear
B)
Banking Regulation Act Section 17 done
clear
C)
RBI Act Section 2 (2) done
clear
D)
Negotiable Instruments Act Section 1 done
clear
E)
None of these done
clear
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question_answer 34)
'Unit Banking System' is that system where an individual bank undertakes the banking business
A)
through a single office done
clear
B)
through a few branches operating within a limited area done
clear
C)
All of the above done
clear
D)
None of these done
clear
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question_answer 35)
Kisan Credit Card is an effective way of reaching out to the farmers by the banks. What assistance does the farmer receive in this way?
A)
Credit facility for crops etc against an approved limit done
clear
B)
Short-term credit facility against value of his crops done
clear
C)
Long-term credit is provided against his land holdings done
clear
D)
Loan is permissible against crops sold, but payment yet to be received by the farmer done
clear
E)
None of these done
clear
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question_answer 36)
Which of the following cannot be endorsed?
A)
A fixed deposit receipt done
clear
B)
A bank draft done
clear
C)
A Promissory note done
clear
D)
A usance bill of exchange done
clear
E)
None of these done
clear
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question_answer 37)
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 done
clear
B)
maximise total profits done
clear
C)
maximise total production done
clear
D)
sell the goods at subsidised cost done
clear
E)
All of these done
clear
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question_answer 38)
Which of the following is not required for opening a bank account?
A)
Identity proof done
clear
B)
Address proof done
clear
C)
Recent photographs done
clear
D)
Domicile certificate done
clear
E)
None of the above done
clear
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question_answer 39)
Consider the following statements:
I. If the beneficiary of a cheque has lost the cheque he can instruct the paying bank to stop payment of the cheque without waiting for the account holder's instruments. II. While outsourcing the only consideration should be cost savings. Which of the statements given above is/are correct?
A)
Only I done
clear
B)
Only II done
clear
C)
Both I and II done
clear
D)
Neither I nor II done
clear
E)
Either I or II done
clear
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question_answer 40)
Which of the following statements is incorrect regarding a minor?
A)
A minor is a person who has not attained the gas of 18 done
clear
B)
Minor does not have legal capacity to enter into a contract done
clear
C)
A current account in the name of minor can be opened when guardian of the minor operates this account done
clear
D)
A minor's account should never be allowed to be overdrawn done
clear
E)
In the event of death of a minor, the money will be payable to the guardian done
clear
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question_answer 41)
RBI has deregulated interest rate for savings accounts. What does it suggest?
A)
Customers will get the benefit of higher interest rates done
clear
B)
Banks will have the right to fix their interest rates independently done
clear
C)
Each bank will have their respective interest rates without the need to adhere to fixed interest rate common to all banks done
clear
D)
Banks will decide interest rates for individual customers according to their savings. done
clear
E)
None of these done
clear
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question_answer 42)
A money deposited in a bank that cannots be withdrawn for a present fixed period of time is known as a
A)
term deposit done
clear
B)
checking account done
clear
C)
savings bank deposit done
clear
D)
no frills account done
clear
E)
current deposit done
clear
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question_answer 43)
Mahesh and Suresh are friends aged 14 and 15 respectively. They want to open a joint account in your bank. You will
A)
allow them to open a joint account to be operated jointly done
clear
B)
allow them to open a joint account with operating instructions either or survivor done
clear
C)
allow them to open a joint account with operating instructions former or survivor done
clear
D)
allow them to open a joint account with operating instructions any one or survivor done
clear
E)
None of these done
clear
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question_answer 44)
Mangalam village became the first village in India where all households were provided banking facilities. Mangalam village is situated in which of the following Union Territories?
A)
Delhi done
clear
B)
Chandigarh done
clear
C)
Puducherry done
clear
D)
Daman and Diu done
clear
E)
Andaman Nicobar done
clear
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question_answer 45)
Under Banking Companies Acts of 1970 and 1980, what percentage of equity shares can be offered by public sector banks to public?
A)
50 done
clear
B)
52 done
clear
C)
49 done
clear
D)
53 done
clear
E)
54 done
clear
View Solution play_arrow
question_answer 46)
While discussing investments, there is mention of short-term government security. What is this type of investment known as?
A)
Debenture done
clear
B)
Mutual fund done
clear
C)
Treasury bill done
clear
D)
Share done
clear
E)
All of these done
clear
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question_answer 47)
The commercial banking system in India consists of
A)
nationalised banks and private sector banks done
clear
B)
scheduled and non-scheduled banks done
clear
C)
regional rural banks. Co-operative banks land development banks done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 48)
An institution which accepts deposits, makes business loans and offers related services is called
A)
Saving bank done
clear
B)
Commercial bank done
clear
C)
Investment bank done
clear
D)
Development bank done
clear
E)
Central bank done
clear
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question_answer 49)
Money deposited with the bank becomes a debt due
A)
from the banker done
clear
B)
from the customer done
clear
C)
to the customer done
clear
D)
Either [a] and [b] done
clear
E)
None of these done
clear
View Solution play_arrow
question_answer 50)
Savings account with zero balance can be opened for
A)
persons of high net worth done
clear
B)
employees of IT companies done
clear
C)
weaker sections of society done
clear
D)
women customers done
clear
E)
None of the above done
clear
View Solution play_arrow
question_answer 51)
A bank's 'fixed deposit' is also referred to as
A)
term deposit done
clear
B)
saving bank deposit done
clear
C)
current deposit done
clear
D)
demand deposit done
clear
E)
None of these done
clear
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question_answer 52)
In case a depositor is a sole proprietor and holds deposits in the name of the proprietory concern as well as in the individual capacity, the maximum insurance cover is available up to
A)
Rs. 100000 done
clear
B)
Rs. 200000 done
clear
C)
Rs. 500000 done
clear
D)
All of these done
clear
E)
None of these done
clear
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question_answer 53)
In case of FCNR (2) Scheme, the period for fixed deposits is
A)
as applicable to resident accounts done
clear
B)
for terms not less than 1 year and not more than 5 years done
clear
C)
for terms not less than 2 years and not more than 6 years done
clear
D)
at the discretion of the bank done
clear
E)
None of the above done
clear
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question_answer 54)
Which of the following are the scheduled banks?
A)
The Fuji Bank Limited done
clear
B)
IDBI Bank Limited done
clear
C)
Centurian Bank of Punjab Limited done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 55)
Small savings Scheme like National Savings Certificates, Public Provident Fund, and Monthly Income Schemes are popular among the salaried people. Which financial institutions manage these schemes?
A)
Public sector banks done
clear
B)
Commercial banks done
clear
C)
Post offices done
clear
D)
Co-operative banks done
clear
E)
Private sector bank done
clear
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question_answer 56)
Which of the following statements about: UCBs undertaking insurance business is/ are correct?
A)
No UCB should undertake insurance agency business without obtaining its prior permission done
clear
B)
The Reserve Bank has allowed all primary (Urban) co-operative banks to undertake insurance business on a referral basis, without any risk participation through their network of branches done
clear
C)
The banks need not obtain prior approval of the Reserve Bank to undertake referral business done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 57)
In July 1969, how many commercial banks were nationalised?
A)
13 done
clear
B)
14 done
clear
C)
15 done
clear
D)
16 done
clear
E)
20 done
clear
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question_answer 58)
The maximum period for which a fixed deposit can be accepted by a commercial bank is
A)
10 years done
clear
B)
15 years done
clear
C)
No limit done
clear
D)
8 years done
clear
E)
None of these done
clear
View Solution play_arrow
question_answer 59)
The rate of interest payable on a bank deposits is determined by
A)
Indian Bank's Association done
clear
B)
the bank concerned done
clear
C)
RBI done
clear
D)
Finance Ministry done
clear
E)
None of these done
clear
View Solution play_arrow
question_answer 60)
Zero balance account is generally allowed to be opened for
A)
salaried class done
clear
B)
businessmen done
clear
C)
foreign customers done
clear
D)
children done
clear
E)
senior citizens done
clear
View Solution play_arrow
question_answer 61)
Which of the following bodies is the regulator of Capital Market?
A)
Reserve Bank of India (RBI) done
clear
B)
Securities and Exchange Board of India (SEBI) done
clear
C)
SBI done
clear
D)
NABARD done
clear
E)
None of these done
clear
View Solution play_arrow
question_answer 62)
External Commercial Borrowings (ECBs) form part of
A)
Current Account done
clear
B)
Capital Account done
clear
C)
Balance of Payments done
clear
D)
None of these done
clear
View Solution play_arrow
question_answer 63)
In respect of "Door Step Banking", RBI has issued directives under the provisions of
A)
Reserve Bank of India Act, 1934 done
clear
B)
Negotiable Instruments Act, 1881 done
clear
C)
Banking Regulation Act, 1949 done
clear
D)
Shops and Establishments Act done
clear
E)
None of these done
clear
View Solution play_arrow
question_answer 64)
Collateralized Borrowing and Lending Obligation (CBLO) is a/an _________.
A)
Money Market Instrument done
clear
B)
Instrument of Monetary Policy done
clear
C)
Type of Risk Cover done
clear
D)
Stock Market Instrument done
clear
E)
None of these done
clear
View Solution play_arrow
question_answer 65)
In a bank which of the following are the usual types of Deposits accounts?
A)
Savings accounts. Electricity accounts and Insurance Premium accounts done
clear
B)
Fixed deposits. Post office Savings Bank accounts and Current Deposit accounts done
clear
C)
Current Accounts, Saving Bank accounts and Term Deposit accounts done
clear
D)
Loan accounts. Savings Bank accounts and Term Deposit accounts done
clear
E)
Current Bill accounts and Term Deposits accounts done
clear
F)
None of these done
clear
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question_answer 66)
Which of the following cannot be called as a value added service offered by a bank?
A)
Special accounts for poor sections of society done
clear
B)
Accident insurance cover done
clear
C)
Instant credit of outstation cheques done
clear
D)
Free cheque books done
clear
E)
All of these done
clear
View Solution play_arrow
question_answer 67)
An account in which trading of shares in their electronic form is done, is known as
A)
D-mat account done
clear
B)
NRI account done
clear
C)
NRIO account done
clear
D)
Current account done
clear
E)
None of these done
clear
View Solution play_arrow
question_answer 68)
A Savings Bank Account opened with a commercial bank with zero balance or very minimal balance is known as
A)
Savings Bank Ordinary account done
clear
B)
Student Savings Bank account done
clear
C)
No-Frill account done
clear
D)
Current account done
clear
E)
Call deposit done
clear
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question_answer 69)
Travellers cheque is
A)
a supplementary credit card done
clear
B)
a cheque issued by a bank or finance institution which functions as capital done
clear
C)
a certificate issued by a bank or finance institution in lieu of cash done
clear
D)
a cheque issued by a bank or finance institution which functions as a bond done
clear
E)
a prepaid instrument issued by a bank or finance institution which can be substitute of cash done
clear
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question_answer 70)
For availment of refinance from National Housing Bank, scheduled commercial bank has to satisfy which of the following conditions?
A)
The capital adequacy ratio of the banks should be as per the norms prescribed by the Reserve Bank of India done
clear
B)
The net non-performing assets to the net advances of the bank should not exceed 10% done
clear
C)
The scheduled commercial bank has earned profit for the last 2 years done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 71)
A current account in a bank means
A)
in which balances are kept high done
clear
B)
interest is not paid on the balance in the account done
clear
C)
in which transactions should take place daily done
clear
D)
availing credit facilities done
clear
E)
None of these done
clear
View Solution play_arrow
question_answer 72)
Which of the following methods is being adopted by Banks for calculating and applying interest on Savings Bank accounts?
A)
On monthly products based on minimum balance between 10th and last working day. done
clear
B)
Daily balance is counted and interest is paid accordingly done
clear
C)
On average quarterly balance. done
clear
D)
On average half yearly balance. done
clear
E)
None of the above. done
clear
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question_answer 73)
The main function of IMF is to
A)
give financial investment loans to developing countries done
clear
B)
act as a private sector lending arm of the World Bank done
clear
C)
help of solve balance of payment problems of member countries done
clear
D)
arrange international deposits from banks done
clear
E)
None of these done
clear
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question_answer 74)
How many banks are there in public sector at present?
A)
28 done
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B)
27 done
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C)
19 done
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D)
20 done
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E)
None of these done
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