Identify the correct combination of statements with regard to banking in India.
A. 1, 2 and 3
B. 2, 3 and 4
C. 1, 2 and 4
D. 1, 2, 3 and 4
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The coverage of Right to Information Act (RTI), 2005 is:
A. Whole of India
B. Whole of India, except North Eastern States
C. Whole of India, except the State of Jammu & Kashmir
D. None of the above
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One of the items is not related with e-banking.
A. Demand draft
B. SPNS
C. ECS
D. ATM
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Second generation reforms in our country do not comprise of which one of the following?
A. Exploiting the knowledge based global economy
B. Growing Indian transnational corporations
C. Population control measures
D. Clean environment
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Match
List-I with
List-II and select the correct answer:
List I List II
a. Bank rate policy
1. Involving the shortening of the currency of bills eligible for rediscount.
b. Credit rationing
2. Involving the purchase and sale of securities in the open market.
c. Vanable reserve system
3. Involving the alteration of discount rate.
d. Open market operation
4. Involving the variation of the minimum reserves.
A. a-1, b-4, c-2, d-3
B. a-2, b-1, c-3, d-4
C. a-4, b-2, c-1, d-3
D. a-3, b-1, c-4, d-2
Select an option to see the answer and solution.
With reference to mutual funds, which of the following statements is correct?
A. Open-ended funds are always open to investment
B. Open-ended funds are always open to redemption
C. Open-ended funds are always open to investment and redemption
D. It is an investment in equity shares
Select an option to see the answer and solution.
Credit Exposure does not include:
A. Bridge Loans
B. Working Capital Demand Loan
C. Shares of the company underwritten by the bank
D. Advances against the Bank's fixed deposits granted to a company
Select an option to see the answer and solution.
For the purpose of extending rural banking and agro finance, the NABARD
A. Directly lends and monitors the rural borrowers
B. Refinances the banks extending rural finance
C. Refinances the rural borrowers obtaining credit from banks
D. Directly finances the rural borrowers and gets refinance from government
Select an option to see the answer and solution.
Under Section [S.2(h)] of the RTI Act, 2005 "Other Public Authority" means:
A. By notification issued or by order of the appropriate government
B. All bodies owned, controlled or subsequently financed by the government
C. All non governmental organizations substantially financed by the government
D. All of the above
Select an option to see the answer and solution.
By which scholar insurance defined as "insurance is a social device for making accumulation to meet uncertain losses of capital which is carried out through the transfer of risk of many individual to one person or to a group of persons"?
A. Lewis
B. Willset
C. AH Willed
D. Magee
Select an option to see the answer and solution.
Which of the following statements is not correct:
A. The rising interest rate increases the discount rate on cash flows and decreases the market value of that Asset
B. Falling interest rates decrease the market value of Assets or Liabilities
C. When a Bank holds longer term assets than liabilities and if interest rate rises, the market value of Assets falls by more amount than liabilities
D. The above C may lead to economic loss
Select an option to see the answer and solution.
A sub-standard asset refers to:
A. Remaining NPA for less than or equal to 12 months
B. Remaining NPA for more than 12 months
C. Where the loss has been identified by the bank
D. When loan is overdue for a period of 1 year
Select an option to see the answer and solution.
Off Shore Banking Unit is:
A. A unit which is situated in Foreign country
B. A unit which is situated in Special Economic Zones and deals in foreign currency only
C. A unit which is actively participating in lending foreign currency loans and in joint ventures
D. None of the above
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A seller's market in which insurance is expensive and in short supply is termed as . . . . . . . .
A. Hard market
B. Soft market
C. Alternative market
D. None of these
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Which one of the following development financial institutions in India has started the special refinance scheme for the resettlement and rehabilitation of voluntary retired workers of the National Textile Corporation of lndia?
A. IDBI
B. SIDBI
C. ICICI
D. None of these
Select an option to see the answer and solution.
Assertion (A): The Central Bank of the country is responsible to maintain stability of the monetary standard which involves currency circulation.Reason (R): The Central Bank is the only authorised entity to do so.
A. Both (A) and (R) are true
B. Both (A) and (R) are false
C. (A) is true, but (R) is false
D. (R) is true, but (A) is false
Select an option to see the answer and solution.
Capitalization of Reserves is carried out by issue of . . . . . . . . to the existing shareholders.
A. Additional shares
B. Bonus shares
C. Incentives
D. None of these
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The regulatory authority of Regional Rural Banks is
A. NABARD
B. Central Government
C. State Government
D. Sponsor Bank
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A single policy covering a group of individuals, usually employees of the same company or members of the same association and their dependants is called . . . . . . . .
A. Hospital insurance
B. Hull insurance
C. Group insurance
D. Identity theft insurance
Select an option to see the answer and solution.
Match
List-I with
List-II and select the correct answer:
List-I List-II
a. Reserve Bank of India
1. NPA
b. EXIM Bank
2. Facilitating small scale industries
c. SIDBI
3. Credit control
d. Capital Adequacy
4. Export/Import financing
A. a-1, b-2, c-3, d-4
B. a-4, b-3, c-2, d-1
C. a-2, b-3, c-4, d-1
D. a-3, b-4, c-2, d-1
Select an option to see the answer and solution.
