A state law requires individuals suffering injury or loss from an automobiles accidents to be reimbursed by their own insurance companies. What type of insurance is this?
A. No fault auto insurance
B. Public liability insurance
C. Automobile physical damage insurance
D. Comprehensive insurance
Select an option to see the answer and solution.
Match the following.
List-I
List-II
a. Performing assets
1. Investments
b. Loss assets
2. Standard assets
c. Cash balance
3. Non-performing assets
d. Government securities
4. Liquid assets
A. a-2, b-3, c-4, d-1
B. a-2, b-1, c-3, d-4
C. a-3, b-4, c-2, d-1
D. a-4, b-3, c-2, d-1
Select an option to see the answer and solution.
Usually, the validity period of an Income Tax Refund Order is:
A. 1 months
B. 2 months
C. 3 months
D. 6 months
Select an option to see the answer and solution.
If a cheque presented through the Clearing House is returned unpaid for any reason, the banker has to enclose the cheque to a Returning Memo while returning the instrument to the customer. This provision has been prescribed under:
A. Negotiable Instruments Act, 1881
B. Reserve Bank of India Act, 1934
C. Banking Regulation Act, 1949
D. RBI Clearing House Rules
Select an option to see the answer and solution.
Consider the following statements.
Assertion (A): The liability of the option buyer is limited in the currency options market.
Reason (R): Option buyer need not exercise the option if the exchange rate is not favourable for him.
A. (R) is correct and (A) is wrong
B. (A) is correct and (R) is wrong
C. Both (A) and (R) are correct
D. Both (A) and (R) are wrong
Select an option to see the answer and solution.
In the call/notice money market, which of the following participants is allowed to trade?
A. All Banks, Primary Dealers and Mutual Funds
B. All Corporates
C. Only Commercial Banks
D. All of the above
Select an option to see the answer and solution.
The F and O segment of NSE provides trading facilities for the following derivative instruments, except
A. individual warrant options
B. index based futures
C. index based options
D. individual stock options
Select an option to see the answer and solution.
If credit facility applied for is rejected, the reasons therefore should be briefly mentioned in the:
A. Loan Applications Received and Disposal Register
B. Opinion Reports
C. Loan Rejection Register
D. None of the above
Select an option to see the answer and solution.
Which of the following is considered 'good money' according to Gresham's law?
A. Alternative currency
B. Standard currency
C. Representative money
D. None of the above
Select an option to see the answer and solution.
Match the items of
List-I with the items in
List-II and suggest the correct option.
List-I
List-II
a. Interbank call market
1. Money market
b. Commercial Bills
2. Promissory note
c. Commercial paper market
3. Short-term maturity
d. Treasury bills
4. Government papers
A. a-1, b-2, c-4, d-3
B. a-3, b-1, c-2, d-4
C. a-1, b-3, c-4, d-2
D. a-4, b-3, c-2, d-1
Select an option to see the answer and solution.
Bank show provision for income tax under the head
A. contingent liabilities
B. other liabilities and provisions
C. contingent account
D. other accounts
Select an option to see the answer and solution.
Which is the oldest bank in existence in India, originated in the Bank of Calcutta in June 1806, which almost immediately became the Bank of Bengal?
A. State Bank of India
B. Punjab National Bank
C. Syndicate Bank
D. Vijaya Bank
Select an option to see the answer and solution.
Which of the following are the instruments or money market?
1. Call money market
2. Commercial bill market
3. Industrial securities market
4. Short-term loans market
5. Treasury bill market
A. 1, 2, 4, 5
B. 1, 2 and 5
C. 1, 2 and 3
D. 2 and 3
Select an option to see the answer and solution.
In order to control credit and investment, the Central Bank of a country should:
A. sell securities in the open market and hike the Cash Reserve Ratio
B. buy securities from the open market and lower the Cash Reserve Ratio
C. buy securities from the open market and hike the Cash Reserve Ratio
D. sell securities in the open market and lower the Cash Reserve Ratio
Select an option to see the answer and solution.
If bank rate is reduced by RBI, credit creation will be:
A. reduced
B. constant
C. increased
D. None of the above
Select an option to see the answer and solution.
Which international organization helped in setting up of ICICI in 1955?
A. World Bank
B. ADB
C. IMF
D. None of the above
Select an option to see the answer and solution.
Renewal charges for all advance accounts to be recovered on
A. 31st March of every Financial Year
B. 1st April of every Financial Year
C. the date of sanction for renewal
D. the date of application for renewal
Select an option to see the answer and solution.
Match the following.
List-I (Institutions)
List-II (Head Offices)
a. RBI
1. New Delhi
b. PNB
2. Mumbai
c. Vijaya Bank
3. Vadodara
d. ICICI
4. Bengaluru
A. a-1, b-2, c-3, d-4
B. a-2, b-4, c-1, d-3
C. a-1, b-2, c-4, d-3
D. a-3, b-2, c-1, d-4
Select an option to see the answer and solution.
What do we mean by regulatory environment?
A. Complying with regulations generally creates a drag on businesses though they are meant for welfare all or certain sections of society
B. Regulatory compliance can add costs, slow down processes and restrict expansion
C. The individuals can take well informed conscious decisions
D. All of the above
Select an option to see the answer and solution.
Match the items of
List-I with the items of
List-II and select a correct option:
List-I
List-II
a. SEBI
1. Exchange for small companies
b. RBI
2. Secondary market in treasury bills
c. STCI
3. Regulation of secondary market
d. OTCEI
4. Ad-hoc treasury bills
A. a-3, b-1, c-2, d-4
B. a-3, b-4, c-2, d-1
C. a-3, b-4, c-1, d-2
D. a-2, b-3, c-1, d-4
Select an option to see the answer and solution.