The only merger between nationalised banks was between New Bank of India and Punjab National Bank in
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When was UNCTAD established?
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Functions of money is
A. Medium of exchange
B. Measurement of value
C. Storage of value
D. All of these
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The commercial banks in India are governed by:
A. Reserve Bank of India Act, 1934
B. Indian Companies Act, 1956
C. Indian Banking Regulation Act, 1949
D. Securities and Exchange Board of India Act, 1993
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IDBI and ICICI is an example of
A. Merchant bank
B. Financial intermediaries
C. Development financial institutions
D. Serial capital firms
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"Skimming" in e-banking is a method of
A. converting Debit Card into Credit Card
B. transferring cash from one account to another account
C. stealing credit card information
D. intimating the customer about his heavy with drawals
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A non-banking institution that has a principal business of receiving deposits under any scheme or arrangement in one lump sum or in instalments by way of contributions is known as:
A. Principal non-banking company
B. Residential non-banking company
C. Residuary non-banking company
D. Optional non-banking company
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RTA carries out the redemption processing at its end and provides final redemption information to the exchange on
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Narasimham Committee suggested three - four bigger banks in India. Government carried out a massive consolidation process in 2019. Which of the following statement is true in this context?
A. There are six merged public sector banks and six independent public sector banks in India
B. SBI is the largest public sector bank in India
C. The nationalized banks are almost wholly owned by GOI
D. All of the above
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CRR in 'C'. . . . . . . . is used for
A. Customer
B. Cash
C. Commission
D. Credit
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What is the full form of CBS?
A. Core Banking Solution
B. Core Banking Software
C. Core Banking System
D. Core Banking Service
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Foreign exchange Regulation act was implemented in India on
A. 5th July, 1978
B. 1st June, 1980
C. 10th September, 1973
D. 1st January, 1979
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Which of the following is not true about National Automated Clearing House (NACH)?
A. It is a centralized clearing system launched by the National Payments Corporation of India (NPCI)
B. It aims to replace and consolidate multiple existing Electronic Clearing Service (ECS) systems across India
C. NACH platform has been created to replace the Electronic Clearing Service (ECS) system
D. All of the above
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When the general insurance business nationalised?
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Credit creation capacity of a bank depends on the cash reserve ratio and statutory liquidity ratio.
If the initial deposit (O) is Rs. 1,000 and the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) is 5% and 20%, then the credit creation capacity will be as follows
A. Rs. 3,000
B. Rs. 5,000
C. Rs. 6,000
D. Rs. 2,000
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Which of the following is not true about Real Time Gross Settlement (RTGS) system?
A. The minimum amount that can be received through RTGS is Rs. 2 lakhs
B. The banks receive the funds in real time as soon as funds are transferred by the remitting bank
C. The minimum amount to be remitted through RTGS is Rs. 2 lakhs
D. All of the above
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Which of the following statements is/are correct?
1. Nifty is based on 50 companies in India.
2. Nifty is governed and regulated by the Reserve Bank of India.
3. Nifty deals with futures and options.
Select the correct answer using the options given below:
A. 1 only
B. 2 only
C. 3 only
D. 1 and 3
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Which of the following set of functions is not performed by Commercial Banks in India?
A. The mobilization of savings
B. The extending Loans and Advances
C. Issuing Currency Notes
D. Financing Priority Sectors
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Qualitative credit control include
A. Bank Rate Policy
B. Rationing of Credit
C. Open Market Operation
D. None of the these
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Chalapathi Rao Committee was constituted for restructuring of
A. State Financial Corporation in India
B. Commercial Bank in India
C. Co-operative Bank in India
D. Regional Rural Banks in India
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