Concentration Banking is a method of:
A. Decentralised collection
B. Centralised collection
C. Direct collection
D. Payment only through cheques
Select an option to see the answer and solution.
Arrange the following financial institutions in ascending order of their year of establishment:
1. National Housing Bank
2. Export-Import Bank of India
3. NABARD
4. Unit Trust of India
Choose the correct option:
A. 2, 4, 3, 1
B. 4, 2, 1, 3
C. 4, 2, 3, 1
D. 4, 3, 2, 1
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Which of the following statement is true?
A. The currency notes issued by RBI are legal tender throughout the world
B. All commercial banks including those owned by government do not need a licence from the RBI to do banking business
C. The treasury bills are sold by the RBI for raising its working capital
D. The RBI is a banker to both Central and State Government
Select an option to see the answer and solution.
The risks involved in paying a post-dated cheque are:
A. the drawer may issue other cheques which bear a date prior to the date of such a cheque and if the balance is insufficient, the bank may be held liable
B. an Attachment Order may be received attaching the balance in the account
C. the drawer may become insolvent or die
D. the drawer may stop payment
Select an option to see the answer and solution.
The different forms of IMF assistance are given below. Identify the one which is mainly meant for Less Developed Countries (LDCs)
A. Credit Tranche Drawing
B. Extended Fund Facility
C. Compensatory Financing Facility
D. Structural Adjustment Facility
Select an option to see the answer and solution.
Which one of the following is not the objective of UTI?
A. To give everyone a chance to indirectly own shares and securities in a large number of select companies
B. To maximize mobilization of people's savings by making insurance linked savings adequately attractive
C. To channelize the pooled savings into productive out-lets
D. To mobilize savings of the community by offering savers the triple benefits of safety liquidity and profitability of investments
Select an option to see the answer and solution.
PIN in banking transaction is known as
A. Postal Index Number
B. Permanent Identification Number
C. Personal Identification Number
D. Public Interlocking Numeric
Select an option to see the answer and solution.
Currency chest balance will be periodically verified by
A. Bank's own officials
B. RBI officials
C. Both A and B
D. Officials of AG's office
Select an option to see the answer and solution.
Match the items of
List-I with
List-Il .
List-I
List-II
a. Future
1. Consists of purchase or sale of commodities in two different markets with the expectations that a future change in price in one market will be offset by an opposite change in the other market
b. Swap
2. A contract in which a seller agrees to deliver an asset to a buyer at a predetermined price at some future date as privately negotiated
c. Hedging
3. A contractual agreement for exchanging a steam of payments with opposite and matching needs, to reap the benefit arising due to market discrepancies
d. Forward
4. A contract covering the purchase and sale of physical commodities or financial instruments for future delivery on a future exchange floor
A. a-4, b-3, c-2, d-1
B. a-1, b-2, c-3, d-4
C. a-2, b-1, c-3, d-4
D. a-4, b-3, c-1, d-2
Select an option to see the answer and solution.
When the amount for which a subject matter is insured is more than its actual value, it is called:
A. Premium
B. Reinsurance
C. Co-insurance
D. Double Insurance
Select an option to see the answer and solution.
Match the following.
List-I (Mutual Fund Schemes)
List-II (Characteristics)
a. Open-ended mutual fund schemes
1. It offers capital appreciation of the underlying investment.
b. Close-ended mutual fund scheme
2. It is a fund accepted and liquidated on a continuous basis by a mutual fund manager.
c. Growth fund scheme
3. It is also known as regional or country fund.
d. Off-shore mutual fund
4. No exit possible till the closure of the scheme.
A. a-2, b-1, c-4, d-3
B. a-3, b-4, c-1, d-2
C. a-2, b-4, c-1, d-3
D. a-3, b-1, c-4, d-2
Select an option to see the answer and solution.
Which of the following dates was suggested by Nachiket Mor Committee that was set up by RBI for issuing vision statements?
A. Bank account for every citizen by 2016
B. Bank account for every resident by 2018
C. Bank account for every BPL by 2018
D. Bank account for every resident by 2016
Select an option to see the answer and solution.
Which of the following statements are correct in context of IFCI?
A. IDBI, Scheduled banks, insurance companies, investment trusts and co-operative banks are the shareholders of IFCI
B. IFCI is authorized to issue bonds and debentures in the open market, to borrow foreign currency from the World Bank and other organizations,
accept deposits from the public and also borrow from the RBI
C. IFCI provides Soft Loan Assistance, Entrepreneur Development Programme, Industrial Development in Backward Area stypes of aids to industry
D. All of the above
Select an option to see the answer and solution.
In which year SARFAESI Act came into existence?
Select an option to see the answer and solution.
"Money is a standard for deferred payments." This function of money comes in the category of:
A. primary function
B. secondary function
C. contingent function
D. other function
Select an option to see the answer and solution.
The Indian banking sector is facing the problem of heavy NPAs. Which among the following industries has contributed least to the level of NPAs?
A. Realestate sector
B. Iron and steel
C. Software and BPO
D. Infrastructural development
Select an option to see the answer and solution.
Which of the following assumes the counterparty risk of each member and guarantees financial settlement?
A. SEBI
B. Central Depository Services Ltd. (CDSL)
C. The National Depository Services Ltd. (NSDL)
D. The National Securities Clearing Corporation Ltd. (NSCCL)
Select an option to see the answer and solution.
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
B. Banking Companies (Acquisition and Transfer of Undertakings) Acts, 1970/1980
C. Both A and B
D. None of the above
Select an option to see the answer and solution.
Inflation will benefits the most
A. Merchant class
B. Consumer class
C. Salaried class
D. All of these
Select an option to see the answer and solution.
Which of the following sets out concisely the information about the scheme that a prospective investor ought to know before investing?
A. Scheme source document
B. Scheme information book
C. Scheme document
D. Scheme information document
Select an option to see the answer and solution.