Match the following items of
List-I with
List-Il :
List-I List-II
a. SWIFT
1. 1996
b. NEFT
2. 1988
c. BASEL I Accord
3. 1973
d. BASEL II Accord
4. 2004
A. a-1, b-2, c-4, d-3
B. a-3, b-1, c-2, d-4
C. a-4, b-3, c-2, d-1
D. a-3, b-1, c-4, d-2
Select an option to see the answer and solution.
Insurance is legislated by
A. Insurance Company
B. State Government
C. Central Government
D. Government of India
Select an option to see the answer and solution.
The Gresham's law specifies that
A. New money drives old money out of circulation
B. Good money drives bad money out of circulation
C. Bad money drives good money out of circulation
D. Paper money drives metallic money out of circulation
Select an option to see the answer and solution.
Which one of the following statement is correct?
A. A bank can also exercise the right of set-off in respect of the future or contingent debts
B. Minimum paid-up capital for entry of new private sector banks is Rs. 200 crore
C. Ancillary services are also known as supplementary functions of a commercial banks
D. Provisions of Banking Regulation Act are not applicable to cooperative banks
Select an option to see the answer and solution.
All banks registered under the . . . . . . . . are considered co-operative banks.
A. Banking Regulation Act 1949
B. The Bankers' Books Evidence Act-1891
C. Cooperative Societies Act, 1912
D. Both A and C
Select an option to see the answer and solution.
UCO bank is a
A. private sector bank
B. public sector bank
C. non-scheduled bank
D. None of these
Select an option to see the answer and solution.
Rupee coins are the legal tender in India under the provisions of:
A. The Reserve Bank of India Act, 1934
B. Negotiable Instrument Act, 1881
C. Banking Regulation Act, 1949
D. Indian Coinage Act, 1906
Select an option to see the answer and solution.
IBAI was incorporated as a company under Section 25 of the Companies Act, 1956. What is the meaning of 'B' in IBAI?
A. Basel
B. Broadcasting
C. Brokers
D. Board
Select an option to see the answer and solution.
Consider the following statements about India INX:
A. 1 and 3 only
B. 1, 2 and 3
C. 2 and 3 only
D. 1 only
Select an option to see the answer and solution.
FEMA provides that a person becomes a resident if he stays in India for . . . . . . . . or more in the previous year.
A. 180 days
B. 181 days
C. 182 days
D. 183 days
Select an option to see the answer and solution.
A contract that pledges payment of an agreed amount to the person on the happening of an event covered against, is technically known as
A. life insurance
B. death coverage
C. saving for future
D. provident fund
Select an option to see the answer and solution.
A bank is called as a Scheduled Bank when
A. Its business has crossed Rs. 1000 crore mark
B. Its branch network is over 100
C. It is included in the second Schedule of the RBI Act
D. When it complies with all the three above
Select an option to see the answer and solution.
Bank deposit refers to
A. the amount of money standing to the credit of a customer of a bank
B. a term used by the federal reserve to refer to the total deposits of member banks
C. the amount of money standing to the debit of a customer of a bank
D. All of the above
Select an option to see the answer and solution.
Government policy to raise income by additional taxes and allocation of expenditure is called:
A. Expenditure policy
B. Monetary policy
C. Income policy
D. Fiscal policy
Select an option to see the answer and solution.
Which of the following methods help in the risk management?
A. Insurance
B. Hedging
C. Derivatives
D. All of the above
Select an option to see the answer and solution.
The World Trade Organization (WTO) formally commenced work
A. 1st January, 1993
B. 1st January, 1994
C. 1st January, 1995
D. None of these
Select an option to see the answer and solution.
The commercial banks do not perform one function out of the following
A. Mobilisation of savings
B. Giving loans and advances
C. Issuing currency notes
D. Financing priority sector
Select an option to see the answer and solution.
The amount of money an insurance policy guarantees to pay before any bonuses are added is known as
A. sum assured
B. return
C. premium
D. None of these
Select an option to see the answer and solution.
With reference to non-banking financial companies (NBFCs) in India, which of the following statement/s is/are correct?
A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2
Select an option to see the answer and solution.
Which of the factors of production is most perishable?
A. Land
B. Labour
C. Capital
D. Enterprise
Select an option to see the answer and solution.
