Which one of the following statement is incorrect?
A. The National Securities Depository Limited (NSDL) is the institute, which is built by IDBI
B. Insurance is the collective bearing of risk
C. LIC was founded in 1956
D. The IFCI is the first universal bank in India
Select an option to see the answer and solution.
Which of the following function is not performed by Reserve Bank of India?
A. Issue of currency notes
B. Credit control
C. To accept deposits on interest from public
D. Foreign Exchange Management and control
Select an option to see the answer and solution.
Match the following items of
List-I with the items of
List-II .
List-I
List-II
a. Pension scheme
1. Health Care for family
b. Personal security
2. Severance Pay
c. Financial assistance
3. Provident Fund
d. Allowance
4. Transport Allowance
A. a-3, b-1, c-2, d-4
B. a-4, b-2, c-3, d-1
C. a-4, b-3, c-2, d-1
D. a-3, b-4, c-2, d-1
Select an option to see the answer and solution.
Which of the following term/s is/are facilities of the industry is given by DFls?
A. Bridge Loans
B. Equity Assistance
C. Exposure Norms
D. All of the above
Select an option to see the answer and solution.
Non-performing loans are also known as:
A. Unpaid loans
B. Overdues
C. Bad loans
D. Collateralised loans
Select an option to see the answer and solution.
Head office of industrial financial corporation of India is situated in
A. Delhi
B. Kolkata
C. Madras
D. Mumbai
Select an option to see the answer and solution.
Banker's right of set off can be exercised on receipt of:
A. Income Tax Attachment Order
B. Garnishee Order
C. Both A and B
D. None of the above
Select an option to see the answer and solution.
Which of the following bodies tightened the norms for foreign exchange risk cover in India mentioning that only companies with a net worth of Rs. 200 crore can use derivatives to hedge against risk of volatility in currency rates?
A. IMF
B. SEBI
C. Reserve Bank of India
D. Union Ministry of Finance
Select an option to see the answer and solution.
SEBI has to be responsive to the needs of which of the following?
A. The Investors
B. The Issuers of Securities
C. The Market Intermediaries
D. All of the above
Select an option to see the answer and solution.
Drawing accepting, making or issuing of any promissory note, hundi or bill of exchange expressed to be payable to bearer on demand by a person other than the Reserve Bank of India or the Central Government is prohibited under?
A. Banking Regulation Act, 1949
B. Section 31 (1) of RBI Act, 1934
C. Indian Contract Act, 1872
D. None of the above
Select an option to see the answer and solution.
QFI is defined to means a person (not resident in India), who is resident in a country that is compliant with which standards?
A. Financial Task Force
B. Financial Action Audit Force
C. Financial Action Enforcement Force
D. Financial Action Task Force
Select an option to see the answer and solution.
World Trade Organization (WTO) is committed to
A. Complete
B. Permanent
C. For all the members
D. All of these
Select an option to see the answer and solution.
Match the items of
List-I with the items in
List-Il and suggest the correct option:
List-I
List-II
a. High levered fund
1. Market risk
b. Increase in bank rate
2. Purchasing power risk
c. Inflation
3. Financial risk
d. Political instability
4. Interest rate risk
A. a-3, b-1, c-2, d-4
B. a-1, b-3, c-4, d-2
C. a-3, b-4, c-2, d-1
D. a-2, b-3, c-1, d-4
Select an option to see the answer and solution.
Which of the rate is not determined by RBI?
A. CRR
B. PLR
C. Bank Rate
D. SLR
Select an option to see the answer and solution.
RBI was established in
Select an option to see the answer and solution.
A pure risk is defined as
A. an event that offer no opportunity for financial gain
B. the chance a loss will occur
C. a diversifiable risk
D. a contingency that increase the chance of loss
Select an option to see the answer and solution.
Providing various services relating to Capital Market is called:
A. Merchant Banking
B. Retail Banking
C. Narrow Banking
D. Modern Banking
Select an option to see the answer and solution.
In which way, the cash reserves of banking system will be impacted if RBI conducts a sale of securities?
A. Increase
B. Decrease
C. Remain Constant
D. None of these
Select an option to see the answer and solution.
Under which qualitative tool, RBI fixes maximum limit to loan and advances that can be made, above which the commercial banks cannot exceed?
A. Rationing of credit
B. Margin requirement
C. Loan-Value ratio
D. Moral Suasion
Select an option to see the answer and solution.
Which of the following is the latest buzzword among bankers?
A. Social banking
B. Financial inclusion
C. Mass banking
D. None of these
Select an option to see the answer and solution.