Banking General Awareness Financial Reforms in Banking Sector Question Bank

done Financial Reforms in Banking Sector Total Questions - 90

• question_answer1)
  Real time gross settlement benefits
  A)
   the customers      done clear
  B)
   the banks done clear
  C)
   Reserve Bank of India done clear
  D)
   Both a and b       done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer2)
  The financial assistance of loans of Rs. 10000 by a bank to very a small borrower will be called
  A)
   Business finance   done clear
  B)
   Government finance done clear
  C)
   Micro finance                done clear
  D)
   Small finance done clear
  E)
   KYC finance done clear
  View Solution play_arrow

• question_answer3)
  Which of the following acts is specially launched to facilitate banks in recovery of bad loans?
  A)
  RBI Act done clear
  B)
   Banking Regulation Act done clear
  C)
   Companies Act done clear
  D)
   Income Tax Act done clear
  E)
   SARFAESI Act done clear
  View Solution play_arrow

• question_answer4)
  The Narasimham Committee I was setup to suggest some recommendations for improvement in the
  A)
   efficiency and productivity of the financial institution done clear
  B)
   banking reform process done clear
  C)
   export of IT sector done clear
  D)
   fiscal reform process done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer5)
  Narsimham Committee recommended to reduce SLR and CLR to
  A)
   25% and 3.5% respectively done clear
  B)
   24% and 3.5% respectively done clear
  C)
   25% and 3% respectively done clear
  D)
   20% and 5% respectively done clear
  E)
   25% and 5% respectively done clear
  View Solution play_arrow

• question_answer6)
  Which of the following is not a recommendation of the Narsimham Committee, 1991?
  A)
   Reduction of CRR and SLR done clear
  B)
   Phasing out directed credit programme done clear
  C)
   Reduction of Capital Adequacy Ratio done clear
  D)
   Establishment of ARF Fund done clear
  E)
   Autonomy to Public Sector Bank done clear
  View Solution play_arrow

• question_answer7)
  Which of the following banks have entered capital market in the wake of Narasimham Committee recommendations?
  A)
   State Bank of India done clear
  B)
   Oriental Bank of Commerce done clear
  C)
   Bank of India done clear
  D)
   All of the above done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer8)
  The Narsimham Committee II was setup to suggest some recommendations for improvement in the
  A)
   efficiency and productivity of the financial institution done clear
  B)
   banking reform process done clear
  C)
   export of IT sector done clear
  D)
   fiscal reform process done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer9)
  One of the major challenges banking industry is facing these days is money laundering. Which of the following acts/norms are launched by the banks to prevent money laundering in general?
  A)
   Know Your Customer Norms done clear
  B)
   Banking Regulation Act done clear
  C)
   Negotiable Instrument Act done clear
  D)
   Narcotics and Psychotropic Substance Act done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer10)
  Which of the following are the recommendation of the Committee on Banking Sector Reforms (Narasimham Committee II)?
  A)
   A general provision of 1% on standard assets should be introduced done clear
  B)
   Banks should bring out revised operational manuals and update them regularly done clear
  C)
   There is a need for disclosure in a phased manner of the maturity pattern of assets and liabilities, foreign currency assets and liabilities, movements in provision account and NPAs done clear
  D)
   All of the above done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer11)
  The recommendations of the Committee on Banking Sector Reforms (Narasimham Committee II) include
  A)
   the 'Basel Core Principles of Effective Bank supervision' should be regarded as the minimum to be attained done clear
  B)
   the banks and primary dealers alone should be allowed in the interbank call and notice money markets done clear
  C)
   opening the Treasury Bill market to foreign institutional investors for broadening its base done clear
  D)
   All of the above done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer12)
  A working group on cheque transactions and E-cheques was constituted by the Reserve Bank of India under the chairmanship of Dr RB Barman and major recommendations of group include
  A)
   the physical cheque will be truncated within the presenting bank done clear
  B)
   settlement will be generated on the basis of current M1CR code line data done clear
  C)
   electronic images will be used for payment processing done clear
  D)
   All of the above done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer13)
  Which of the following are the other recommendations made by the working group?
  A)
   Grey scale technology will be deploy for imaging done clear
  B)
   Images will be preserved for eight years done clear
  C)
   A centralised agency per clearing location will act as an image warehouse for the banks done clear
  D)
   Both a and b done clear
  E)
   All of the above done clear
  View Solution play_arrow

• question_answer14)
  Every about (above 18 year) of our country should have a bank account by as recommended by Nachiket Mor Committee. This account will be known as
  A)
   Universal transfer Bank Account done clear
  B)
   Universal Electronic Bank Account done clear
  C)
   Universal credit Bank Account done clear
  D)
   Universal saving Bank Account done clear
  E)
   Universal Natrual Bank Account done clear
  View Solution play_arrow

• question_answer15)
  The Banking Regulation Act, 1949 came into force on......
  A)
  1st Jan, 1956                 done clear
  B)
  1st Mar, 1966 done clear
  C)
  16th Mar, 1949              done clear
  D)
  16th April, 1950 done clear
  E)
  20th June, 1950 done clear
  View Solution play_arrow

• question_answer16)
  Issue related to voting rights
  A)
   Banking Regulation Act, 1949 done clear
  B)
   State Bank of India Act, 1955 done clear
  C)
   The Banking Companies Act, 1970 done clear
  D)
   RRB Act, 1976 done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer17)
  This act as an effective tool for bad loans recovery
  A)
   RBI Amendment Act. 2006 done clear
  B)
   The Banking Laws Bill. 2011 done clear
  C)
   RRB Act, 1976 done clear
  D)
   Sarfaesi Act, 2002 done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer18)
  ECB is a means of raising funds from overseas. What is its full form?
  A)
   External Commercial Borrowing done clear
  B)
   Essential Commodities Borrowing done clear
  C)
   External Credit and Business done clear
  D)
   Essential Commodity Buyers done clear
  E)
   External credit Buyers done clear
  View Solution play_arrow

• question_answer19)
  Know Your Customer (KYC) norms are required to be strictly followed by banks. It means
  A)
   providing improved customer services done clear
  B)
   determining the identity and residence proof of account holders through approved documents done clear
  C)
   ensuring that staff members know the customers done clear
  D)
   organising regular customer service meetings done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer20)
  Which of following is necessary to transfer funds through the RTGS facility?
  A)
   Beneficiary's bank account number done clear
  B)
   The IFSC number of the beneficiary's bank branch done clear
  C)
   There is a minimum amount specified for transfer                                   done clear
  D)
   All of the above                          done clear
  E)
   None of the above                       done clear
  View Solution play_arrow

• question_answer21)
  How can a Indian Financial Services Code number be identified?
  A)
   It is a 11 digit alphanumeric code done clear
  B)
   It is available on the cheque leaves of an individual?s cheque book done clear
  C)
   it is provided by the bank if asked done clear
  D)
   All of the above done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer22)
  According to Sarfaesi Act, 2002, the registration and regulation of securitization companies or reconstruction companies is done by
  A)
   RBI                              done clear
  B)
   SEBI done clear
  C)
   SBI                  done clear
  D)
   All of these done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer23)
  The Sarfaesi Act amendment bill 2016 provides the facilities that the District Magistrate has to assist in the recovery process of the secured creditors and complete process within
  A)
   10 days           done clear
  B)
   30 days done clear
  C)
   45 days           done clear
  D)
   50 days done clear
  E)
   55 days done clear
  View Solution play_arrow

• question_answer24)
  The Sarfaesi Act provides alternative methods for recovery of non-performing assets
  A)
   Securitisation done clear
  B)
   Asset Reconstruction done clear
  C)
   Enforcement of Security without the intervention of the Court done clear
  D)
  a and b done clear
  E)
   All of the above done clear
  View Solution play_arrow

• question_answer25)
  The assets of the banks which do not perform are called
  A)
   Non-Performing Assets (NPA) done clear
  B)
   Bad loans done clear
  C)
   Fixed loans done clear
  D)
  a and b done clear
  E)
   All of the above done clear
  View Solution play_arrow

• question_answer26)
  According to RBI, terms loans on which interest or instalment of principal remain overdue for a period of more than 90 days from the end of a particular quarter is called a
  A)
   IFSC                            done clear
  B)
   ECS done clear
  C)
   NPA                             done clear
  D)
   CTS done clear
  E)
   MICR done clear
  View Solution play_arrow

• question_answer27)
  In........ Gujarat was the 1st Indian State to introduce a smart Card License system.
  A)
   2011                done clear
  B)
   2012 done clear
  C)
   2013                            done clear
  D)
   1999 done clear
  E)
   2000 done clear
  View Solution play_arrow

• question_answer28)
  Bandhan Bank Ltd. received the 'in-principle5 approval of the (RBI) for setting up a universal bank in
  A)
   April, 2011                    done clear
  B)
   April, 2012 done clear
  C)
   April, 2013                    done clear
  D)
   April, 2014 done clear
  E)
   April, 2015 done clear
  View Solution play_arrow

• question_answer29)
  Which committee has been constituted to give recommendations on Fiscal Responsibility and Budget Management (FRBM)?
  A)
   Ajay Shankar committee done clear
  B)
   NR Madhava Menon committee done clear
  C)
   NK Singh committee done clear
  D)
   H Devaraj committee done clear
  E)
   G C Gupta done clear
  View Solution play_arrow

• question_answer30)
  Which committee has been constituted to examine the feasibility of a new financial year?
  A)
   Shankar Acharya a committee done clear
  B)
   Rajiv Kumar committee done clear
  C)
   KM Chandrasekhar committee done clear
  D)
   PV Rajaraman committee done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer31)
  Reserve Bank of India (RBI) has constituted a committee to prepare a 5 year action plan to spread the reach of financial services across country to unbanked population. The committee will be headed by RBI executive director
  A)
   Deepak Mohanty           done clear
  B)
   Shankar Acharya done clear
  C)
   Rajiv Kumar      done clear
  D)
          KM Chandrasekhar done clear
  E)
   PV Rajaraman done clear
  View Solution play_arrow

• question_answer32)
  Prime Minister Narendra Modi's government has ordered the formation of a Special Investigation Team (SIT) to investigate black money. The SIT will be headed by retired Supreme Court judge
  A)
   Deepak Mohanty           done clear
  B)
   Shankar Acharya done clear
  C)
   Rajiv Kumar      done clear
  D)
   KM Chandrasekhar done clear
  E)
   MB Shah done clear
  View Solution play_arrow

• question_answer33)
  The Reserve Bank of India (RBI) has setup an inter-regulatory working group to study the regulatory issues relating to Financial Technology (Fintech) and Digital Banking in India. The inter-regulatory working group will be headed by
  A)
   Shankar Acharya           done clear
  B)
   Rajiv Kumar done clear
  C)
   Sudarshan Sen              done clear
  D)
   KM Chandrasekhar done clear
  E)
   MB Shah done clear
  View Solution play_arrow

• question_answer34)
  The "Committee on Comprehensive Financial Services for Small Businesses and Low Income Households" was setup by the RBI under the chairmanship of
  A)
   Rajiv Kumar                  done clear
  B)
   Sudarshan Sen done clear
  C)
   KM Chandrasekhar         done clear
  D)
   MB Shah done clear
  E)
   Nachiket Mor done clear
  View Solution play_arrow

• question_answer35)
  ....... was included in the 4 member RBI panel led by Bimal Jalan which examine applications for new bank licenses.
  A)
   Rajiv Kumar     done clear
  B)
   Sudarshan Sen done clear
  C)
   Nachiket Mor    done clear
  D)
   KM Chandrasekhar done clear
  E)
   MB Shah done clear
  View Solution play_arrow

• question_answer36)
  The Reserve Bank of India (RBI) panel on priority sector lending proposed increment in the target (priority sector) for foreign banks to
  A)
   10%              done clear
  B)
          20% done clear
  C)
   30%                             done clear
  D)
   40% done clear
  E)
   50% done clear
  View Solution play_arrow

• question_answer37)
  Reserve Bank panel headed by ...... has made some important recommendations on priority sector lending.
  A)
   M V Nair          done clear
  B)
   Sudarshan Sen done clear
  C)
   Nachiket Mor                 done clear
  D)
   KM Chandrasekhar done clear
  E)
   MB Shah done clear
  View Solution play_arrow

• question_answer38)
  The report on Customer Service in Banks by a committee chaired by
  A)
   M Damodaran               done clear
  B)
   M V Nair done clear
  C)
   Sudarshan Sen              done clear
  D)
   Nachiket Mor done clear
  E)
   KM Chandrasekhar done clear
  View Solution play_arrow

• question_answer39)
  KYC is the process of a business verifying the identity of its clients. What is Y in KYC?
  A)
   Yield                            done clear
  B)
   Young done clear
  C)
   Your                            done clear
  D)
   You done clear
  E)
   Yes done clear
  View Solution play_arrow

• question_answer40)
  RBI allowed bank to merge, shift or close branches
  A)
   Rural areas                    done clear
  B)
   Semi-rural areas done clear
  C)
   Urban areas                  done clear
  D)
   1 and 3 done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer41)
  The Reserve Bank of India introduced KYC guidelines for all banks in
  A)
   2002                done clear
  B)
   2007   done clear
  C)
   2009                done clear
  D)
   2010 done clear
  E)
   2011 done clear
  View Solution play_arrow

• question_answer42)
  A mutual savings bank is setup specifically to be operated for the benefit of the
  A)
   client                done clear
  B)
   depositors done clear
  C)
   friend               done clear
  D)
   creditor done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer43)
  Smart cards can provide
  A)
   personal identification done clear
  B)
   authentication done clear
  C)
   data storage done clear
  D)
   application processing done clear
  E)
   All of the above done clear
  View Solution play_arrow

• question_answer44)
  Islamic banking is banking or banking activity that is consistent with the principles of
  A)
   Debit law                      done clear
  B)
   Credit law done clear
  C)
   Sharia             done clear
  D)
   Indian banking law done clear
  E)
   Internation banking law done clear
  View Solution play_arrow

• question_answer45)
  A lot of Banks in India these days are offering M-Banking Facility to their customers. What is the full form of 'M' in 'M-Banking'?
  A)
   Money              done clear
  B)
   Marginal done clear
  C)
   Message           done clear
  D)
   Mutual Fund done clear
  E)
   Mobile Phone done clear
  View Solution play_arrow

• question_answer46)
  Which one of the following does not qualify as priority sector lending by commercial banks?                              
  A)
   Software industries done clear
  B)
   Small business loans done clear
  C)
   Education loans done clear
  D)
   Small loans to rural educated unemployed done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer47)
  Banking Ombudsman Scheme was introduced by the RBI in
  A)
   1975                done clear
  B)
   1980   done clear
  C)
   1995                            done clear
  D)
   1998 done clear
  E)
   2005 done clear
  View Solution play_arrow

• question_answer48)
  Factoring process is very popular in
  A)
   Manufacturing industry done clear
  B)
   IT industry        done clear
  C)
   Publication industry done clear
  D)
   Software industry done clear
  E)
   Medical industry done clear
  View Solution play_arrow

• question_answer49)
  Which one of the following is incorrectly matched?
  A)

  Committee Name	Area Covered
  Y V Reddy	Small Saving Reforms

  done clear
  B)

  Committee Name	Area Covered
  Deepak Mohanty	Base Rate

  done clear
  C)

  Committee Name	Area Covered
  Justice MB Shah	Financial Inclusion

  done clear
  D)

  Committee Name	Area Covered
  AK Khandelwal	HR Issues of PSBs

  done clear
  E)

  Committee Name	Area Covered
  NK Singh	Review, recommendations of FRBM Act

  done clear
  View Solution play_arrow

• question_answer50)
  IDFC stands for
  A)
   infrastructure Development and Finance Corporation done clear
  B)
   Indian Development and Finance Corporation done clear
  C)
   Indian Development and Finance Company done clear
  D)
   infrastructure Development and Finance Company done clear
  E)
   Infrastructure Deem and Finance Corporation done clear
  View Solution play_arrow

• question_answer51)
  Central Board of Banking Fraudulence was established by Finance Minister of India in year
  A)
  1985                 done clear
  B)
  1990   done clear
  C)
  1997                 done clear
  D)
  2003 done clear
  E)
  2011 done clear
  View Solution play_arrow

• question_answer52)
  Banking Ombudsman deals with matters less than or equal to
  A)
  Rs. 2 lakh                      done clear
  B)
  Rs. 10 lakh done clear
  C)
  Rs. 50 lakh                     done clear
  D)
  Rs. 2 crore done clear
  E)
  Rs. 10 crore done clear
  View Solution play_arrow

• question_answer53)
  Recommendations for every adult (above 18 yrs) of our country should have a bank account by 1st Jan, 2016 was given by
  A)
   Narsimham Committee done clear
  B)
   Bimal Jalan Committee done clear
  C)
   Deepak Mohan Committee done clear
  D)
   Mohanty Committee done clear
  E)
   Nachiket Mor Committee done clear
  View Solution play_arrow

• question_answer54)
  This committee recommended that the public sector bank should be free and autonomous
  A)
   Narsimham Committee done clear
  B)
   Nachiket Mor Committee done clear
  C)
   Mohanty Committee done clear
  D)
   Bimal Jalan Committee done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer55)
  Which of the following is not a electronic banking services?
  A)
   Mobile Banking              done clear
  B)
   PCS transfer done clear
  C)
   Home Banking              done clear
  D)
   Home Loan done clear
  E)
   PC Banking Services done clear
  View Solution play_arrow

• question_answer56)
  Which of the following is not an act related to Banking regulation?
  A)
   Banking Laws Act, 1963 done clear
  B)
   State Bank of India Act, 1963 done clear
  C)
   RBI Amendment Act, 2006 done clear
  D)
  a and b            done clear
  E)
   All of the above done clear
  View Solution play_arrow

• question_answer57)
  Consider the following statement(s) regarding IFRS.

  I. IFRS are issued by the International Accounting Standards Board.

  II. International Accounting Standards (IAS) was replaced by IFRS.

  III. RBI has started IFRS in year 2015.

  Codes
  A)
  Only II              done clear
  B)
  II and III done clear
  C)
  I and II              done clear
  D)
  All of these done clear
  E)
  None of these done clear
  View Solution play_arrow

• question_answer58)
  Consider the following statement(s) regarding IFSC.

  I. IFSC is an alphanumeric code.

  II. IFSC is a II digit code.

  III. IFSC is used by NEFT.

  Codes
  A)
   I and II            done clear
  B)
   II and III done clear
  C)
   I and III done clear
  D)
   I, II and III done clear
  E)
   Only III done clear
  View Solution play_arrow

• question_answer59)
  Choose the correct statement(s) regarding Banking Regulation Act, 1949.

  I. Provide safety in the interest of depositors.

  II. Prevent misuse of powers by managers of banks.

  III. Act does not supersede.

  Codes
  A)
   Only II             done clear
  B)
   I and II done clear
  C)
   I, II and III                    done clear
  D)
   II and III done clear
  E)
   Only III done clear
  View Solution play_arrow

• question_answer60)
  Choose the correct statement(s) regarding IDFC.

  I. IDFC started operating banking services on 1st Oct, 2015.

  II. IDFC is based in Mumbai.

  III. It is originally on investment finance company.

  Codes
  A)
   I and II            done clear
  B)
   II and III done clear
  C)
   I, II and III                    done clear
  D)
   I and III done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer61)
  Choose the correct statement(s).

  I. Deepak Mohanty is an economist.

  II. Deepak Mohanty Committee is constituted by RBI.

  III. Mohanty Committee was constituted on 15 July, 2015.

  Codes
  A)
  Only I               done clear
  B)
   I and II done clear
  C)
   II and III           done clear
  D)
          I and III done clear
  E)
   All of these done clear
  View Solution play_arrow

• question_answer62)
  Consider the following statement(s) regarding Bandhan Bank.

  I. Bandhan Bank started operating its banking services on 1st Oct, 2016.

  II. RBI gave its final nod for banking services in 2015.

  III. Head office of Bandhan Bank in Kolkata.

  Codes
  A)
   Only II             done clear
  B)
   II and III done clear
  C)
   I and III                        done clear
  D)
   I and II done clear
  E)
   All of these done clear
  View Solution play_arrow

• question_answer63)
  Consider the following statement(s) regarding Islamic Banking.

  I. It is based on the principles of Islamic law also known shariah.

  II. The Dubai Islamic Bank is the world's first full-fledged Islamic bank.

  III. Collecting interest is not permitted under Islamic law.

  Codes
  A)
   I and II                         done clear
  B)
   II and III done clear
  C)
   I and III                        done clear
  D)
   I, II and III done clear
  E)
   Only III done clear
  View Solution play_arrow

• question_answer64)
  Banks usually frame their KYC policies incorporating the following key elements

  I. Customer Policy;

  II. Customer Identification Procedures;

  III. Monitoring of Transactions; and

  IV. Risk management.

  Codes
  A)
   I, II and III                    done clear
  B)
   II and IV done clear
  C)
   I, III and IV                   done clear
  D)
   I, II, III and IV done clear
  E)
   II, III and IV done clear
  View Solution play_arrow

• question_answer65)
  NEFT means            [IBPS Clerk 2031]
  A)
   National Electronic Funds Transfer System done clear
  B)
   Negotiated Efficient Fund Transfer System done clear
  C)
   National Efficient Fund Transfer Solution done clear
  D)
   Non-Effective Fund Transfer System done clear
  E)
   Negotiated Electronic Foreign Transfer System done clear
  View Solution play_arrow

• question_answer66)
  Which of the following is the purpose of introducing 'Know Your Customer' norms by the banks?    [SBI PO 2011]
  A)
   To bring more and more people under the banking net                             done clear
  B)
   Identifying people who do not pay income tax done clear
  C)
   To ensure that the money deposited in banks   has come from genuine sources             done clear
  D)
   To ensure whether the money deposited in the & bank is of an India or a foreign national      done clear
  E)
   None of the above                       done clear
  View Solution play_arrow

• question_answer67)
  Which of the following is the popular name of the norms by which a bank satisfies itself about the customer's identity and activities?                                                                                                           [Corporation Bank 2011]
  A)
   Basel norms                  done clear
  B)
   KYC norms done clear
  C)
   Service norms                done clear
  D)
   Lending norms done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer68)
  Which of the following is/was not included in the agenda set for the banking reforms in India? [Andhra Bank 2011]
  A)
   Dismantling of administered interest rates done clear
  B)
   Measures to strengthen risk management done clear
  C)
   Promulgation of Sarfaesi Act done clear
  D)
   Promotion of the concept of easy credit to all with a guaranteed subsidy from government done clear
  E)
   Granting of operational autonomy to public sector banks and allowing them to raise capital from the open market done clear
  View Solution play_arrow

• question_answer69)
  In respect of which one of the following areas, YH Malegam Committee has submitted its recommendations? [Andhra Bank 2011]
  A)
   Interest on Microfinance loans done clear
  B)
   Teaser loans done clear
  C)
   Rural development done clear
  D)
   Advances to agriculture done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer70)
  Many times we read a term CBS used in banking operations. What is the full form of the Letter C in the term 'CBS'? [Indian Overseas Bank 2011]
  A)
   Complete                      done clear
  B)
   Credit done clear
  C)
   Continuous                   done clear
  D)
   Core done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer71)
  The YH Malegam Committee, which Submitted its report a few months back, was setup to report on further improvement of functioning of                                                                             [RBI Grade B 2011]
  A)
   Micro Finance Institutions done clear
  B)
   Stock Exchanges in India done clear
  C)
   Cooperative Banks done clear
  D)
   Regional Rural Banks done clear
  E)
   Foreign Banks having offices in India done clear
  View Solution play_arrow

• question_answer72)
  Banking Ombudsman Scheme is applicable to the business of                                  [IBPS PO 2012]
  A)
   all scheduled commercial banks excluding RRBs done clear
  B)
   all scheduled commercial banks including RRBs done clear
  C)
   only public sector banks done clear
  D)
  all banking companies done clear
  E)
   all scheduled banks except private banks done clear
  View Solution play_arrow

• question_answer73)
  In which of the following fund transfer mechanisms, can funds be moved from one bank to another and where the transaction is settled instantly without being bunched with any other transaction?                [IBPS PO 2012]
  A)
   RTGS               done clear
  B)
   NEFT done clear
  C)
   TT                   done clear
  D)
   EFT done clear
  E)
   MT done clear
  View Solution play_arrow

• question_answer74)
  An ECS transaction gets bounced and you are unable to recover your money from your customer. Under which Act criminal action can be initiated?                                                                            [IBPS PO 2012]
  A)
   Indian Penal Code done clear
  B)
   Negotiable Instruments Act done clear
  C)
   Criminal Procedure Code done clear
  D)
   Payment and Settlements Act done clear
  E)
   Indian Contract Act done clear
  View Solution play_arrow

• question_answer75)
  In which of the following fund transfer mechanisms, transaction is not subject to any waiting period?       [SBI Clerk 2012]
  A)
   RTGS               done clear
  B)
   NEFT done clear
  C)
   MT                  done clear
  D)
   EFT done clear
  E)
   MT done clear
  View Solution play_arrow

• question_answer76)
  General Clients of various banks in. India can make a complaint to which of the following offices, on the issues related to deficiency in services which do not get resolved at banks' level?                     [SBI Assistant 2912]
  A)
   Comptroller and Auditor General of India done clear
  B)
   Attorney General of India done clear
  C)
   Ombudsman done clear
  D)
   Indian Audit Bureau done clear
  E)
   Indian Banks Association done clear
  View Solution play_arrow

• question_answer77)
  Banking Ombudsman is appointed by......                                                              [SBI PO 2013]
  A)
   Government of India done clear
  B)
   State governments      done clear
  C)
   RBI done clear
  D)
   ECGC               done clear
  E)
   Exim Bank done clear
  View Solution play_arrow

• question_answer78)
  With a view to providing a simpler, faster, reliable and cost effective solution for repetitive payment transactions such salary, pension, interest, commission, dividend, etc by companies, corporations and government departments, the Reserve Bank introduced in April, 1995                                                              [RBI Assistant 2013]
  A)
   MICR Clearing        done clear
  B)
   Electronic Funds Transfer (EPT) done clear
  C)
   Electronic Clearing Service (Credit) (ECS Credit) done clear
  D)
   Shared Payment Network System (SPNS) done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer79)
  The ECS (Credit) envisages                                                                                  [RBI Assistant 2013]
  A)
   substitution of the paper instrument by electronic instructions for bulk and repetitive payment transactions done clear
  B)
   use of cheques by corporate clients only done clear
  C)
   reduction of work load of clerical staff in banks done clear
  D)
   encouraging competition among public sector and private sector banks done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer80)
  What is the individual credit limit under the ECS (Credit)?                                        [RBI Assistant 2013]
  A)
  Rs. 25000                      done clear
  B)
  Rs. 50000 done clear
  C)
  Rs. 1 lakh                      done clear
  D)
  Rs. 5 lakh done clear
  E)
  No limit done clear
  View Solution play_arrow

• question_answer81)
  The Reserve Bank of India recently issued guidelines allowing minors over 10 yr of age to operate bank account independently with a view to                                                                                         [SBI PO 2014]
  A)
   promote financial inclusion done clear
  B)
   increase low cost deposits of banks done clear
  C)
   improve CASA percentage of banks done clear
  D)
   mobilise savings bank deposits of banks done clear
  E)
   To put ATMs and other infrastructure to optimum use done clear
  View Solution play_arrow

• question_answer82)
  Which of the following is the correct full form of ECS often used in banking?               [IBPS PO 2015]
  A)
   Electronic Clash System done clear
  B)
   Electronic Cash Service done clear
  C)
   Electronic Clearing Service done clear
  D)
   Electronic Charging System done clear
  E)
   Other than those given as options done clear
  View Solution play_arrow

• question_answer83)
  The abbreviation 'EPoS' stands for                                                            [IBPS PO 2015]
  A)
   Electronic Payment of Sale done clear
  B)
   Electronic Point of Sale done clear
  C)
   Electronic Purchase of Sale done clear
  D)
   Electronic Price of Sale done clear
  E)
   Electronic Platform of Sale done clear
  View Solution play_arrow

• question_answer84)
  The maximum amount that can be remitted through RTGS is                                  [IBPS PO 2015]
  A)
  Rs. 1 crore                     done clear
  B)
  Rs. 50 lakh done clear
  C)
  Rs. 2 lakh                      done clear
  D)
  Rs. 10 lakh done clear
  E)
   No upper ceiling done clear
  View Solution play_arrow

• question_answer85)
  IFSC has how many digits?                                                                                  [IBPS PO 2015]
  A)
   7                     done clear
  B)
   15      done clear
  C)
   11        done clear
  D)
          9 done clear
  E)
   10 done clear
  View Solution play_arrow

• question_answer86)
   "Sarfaesi Act 2001" is applicable in banking industry for                                          [SBI Clerk 2015]
  A)
   regulating the service conditions of employee done clear
  B)
   appointment of nominee directors on the bank boards done clear
  C)
   Other than those given as options done clear
  D)
   streamlining documentation done clear
  E)
   facilitating enforcement of security for recovery of bad loans done clear
  View Solution play_arrow

• question_answer87)
  Desirability and feasibility for new financial year committee headed by                       [SBI PO 2016]
  A)
   SC Gupta done clear
  B)
   Sharkar Acharya done clear
  C)
   AK Khandelwal                         done clear
  D)
   YH Malegam                           done clear
  E)
   YV Reddy                             done clear
  View Solution play_arrow

• question_answer88)
  NK Singh committee on                                                                                       [SBI PO 2016]
  A)
   Base Rate                                done clear
  B)
   Financial Inclusion done clear
  C)
   Fiscal Responsibility and Budget Management Act                                    done clear
  D)
   Money lending and Enforcement Machinery done clear
  E)
   Small Savings Reforms                   done clear
  View Solution play_arrow

• question_answer89)
  What is the full form of the letter T in the term RTGS?                                             [SBI Clerk 2016]
  A)
   Time                            done clear
  B)
   Transaction        done clear
  C)
   Tax                              done clear
  D)
   Transfer           done clear
  E)
   Temporarily done clear
  View Solution play_arrow

• question_answer90)
  Minimum age for saving account                                                                           [SBI Clerk 2016]
  A)
   5                                 done clear
  B)
   10 done clear
  C)
   15                    done clear
  D)
   18 done clear
  E)
   22 done clear
  View Solution play_arrow