Which of the following statement/s is/are true about Basic Savings Bank Deposit Account?
A. This is special type of bank account only Micro finance institutes can open
B. Only BPLs and self-help groups can apply for it
C. They get higher interest rate than (regular) savings account
D. It was earlier called "No frills account"
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Which of the following functions rolled into one body by SEBI?
A. Quasi Legislative
B. Quasi Judicial
C. Quasi Executive
D. All of the above
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Consider the following:
1. Allowing convertibility of rupee at the market rate in the current account
2. Nationalization of general insurance business
3. Establishment of IDBI
4. Nationalization of life insurance business
5. Capital adequacy norms for commercial banks
Arrange the events in the ascending order of their occurrence.
A. 4, 3, 2, 1, 5
B. 1, 2, 3, 4, 5
C. 4, 5, 3, 2, 1
D. 1, 5, 2, 3, 4
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SEBI Ombudsman was introduced in the year:
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Which of the following statement/s is/are true?
A. Development banks are financial institutions that provide long-term credit for capital-intensive investments such as heavy industry, infrastructure, mining, etc., that are spread over a long period
B. The commercial banks were seen with Short-term and medium-term perspective in terms of liquidity. They were not in a position to make investments in Long-term projects
C. Both A and B
D. Neither A nor B
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The number of associate banks of State Bank of India
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. . . . . . . . refers to the process of removing or stripping the legal status of a currency.
A. Digitisation
B. Financial Inclusion
C. Demonetisation
D. Micro finance
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The features of the commercial papers are
A. it is an unsecured money market instrument issued in the form of promissory note
B. the highly rated corporate borrowers can raise short-term funds through this instrument
C. it is an additional instrument to the investing community
D. All of the above
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ISO 14000 deals with quality standard for:
A. Environmental Management
B. Technology Management
C. Knowledge Management
D. Information Management
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Banking on telephone service includes:
(i) Automatic balance voice out
(ii) Inquiry all term deposit account
(iii) Direct cash withdrawl
(iv) Utility bill payment
(v) Voice out last five transactions
A. (i), (ii), (iii) and (v)
B. (i), (ii), (iv) and (v)
C. (ii), (iii), (iv) and (v)
D. (i), (ii), (iii), (iv) and (v)
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Who is authorised to issue coins of smaller denomination in India?
A. RBI
B. Ministry of Finance
C. SBI
D. None of the above
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What does RBI's 'Rural Branching Mandate' mean to us?
A. All scheduled commercial banks have to open at least 25% of their branches in tier-1 and tier-2 areas
B. All scheduled commercial banks need RBI's permission before opening 25% of their branches in tier-1 areas
C. All scheduled commercial banks to open at least 25% of their branches in tier 3 to 6 areas
D. None of above
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A type of insurance that combines protection with investment plan is called
A. whole life
B. limited pay
C. universal
D. endowment
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Which of the following factor(s) aid in financial inclusion?
1. That under National optical fibre network, government plans to connect all Gram Panchayats with internet connection.
2. That Mobile penetration is increasing on routine basis in rural areas.
3. That as per Census 2011, India's working age population (15-64 years) is more than 60%.
A. 1 and 2
B. 1 and 3
C. 2 and 3
D. All of above
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Which of the following is an autonomous body set up by the Government of India to develop and regulate the pension market in India?
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What will be the effect of reduction in statutory liquidity ratio of banks by the central bank?
A. Government will be able to take more loan from banks than before
B. Government will be able to sell more debentures to banks than before
C. Private sector will be able to get less credit from banks than before
D. Government will be able to sell fewer securities to banks than before
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Where is the headquarters of SIDBI located?
A. Nagpur
B. Pune
C. Lucknow
D. Mumbai
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Reserve Bank of India issues all types of currency in India, but it does not issue which type of currency?
A. One rupee note
B. One thousand rupee note
C. Five rupee note
D. Ten rupee note
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Which of the following statement is not correct regarding Basel III implementation in India?
A. Minimum tier 1 capital ratio should be 8%
B. Maximum tier 2 capital should be 2%
C. Minimum total capital ratio should be 9%
D. Minimum total capital plus capital conservation buffer should be 11.5%
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Which among the following is NOT a correct statement?
A. The Reserve Bank of India worked as Central Bank of Burma till April 1947
B. The Reserve Bank of India worked as Central Bank of Pakistan till June 1948
C. The Reserve Bank of India worked as Central Bank of Bangladesh from January 1972 to December 1975
D. The Reserve Bank of India commenced its operations on 1st April 1935
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