Banks are required to classify non-performing assets into option
A. Sub-standard assets, doubtful assets and IDSS assets
B. Standard assets and sub-standard assets
C. Doubtful assets and bad debts
D. Doubtful assets, bad debts and IDSS assets
Select an option to see the answer and solution.
Which of the following financial institutions is not with in the supervisory Purview of RBI?
A. Foreign Commercial Banks Operating in India
B. Regional Rural Banks
C. Mutual Funds
D. State Co-operative Banks
Select an option to see the answer and solution.
Bank rate is the rate
A. On which banks provide loan of debt
B. On which RBI rediscounts eligible exchanges
C. On which commercial banks take loans
D. On which development banks take loans
Select an option to see the answer and solution.
The following activities are mainly related to which organisation?
1. Micro Finance
2. Rural Finance
3. Self Help Groups
4. Cooperative Banks Finance
A. Industrial Finance Corporation of India
B. Ministry of Finance
C. Reserve Bank of India
D. National Bank for Agriculture and Rural Development
Select an option to see the answer and solution.
As per RBI directives which of the following areas/functions cannot be outsourced by the Banks:
A. Opening and closing of accounts
B. Cash collection from the parties
C. Recovery of bad loans
D. Credit and debit cards
Select an option to see the answer and solution.
The worst effect of inflation is
A. On rich class
B. On poor
C. On Investors
D. On doctors
Select an option to see the answer and solution.
Which combination of the following is correct with regard to World Trade Organization (WTO) :
1. WTO initiates peace process among the member countries to enhance international trade.
2. WTO avoids the task of "Settlement of Disputes" among the member countries.
3. WTO administers the "Trade Review Mechanism".
4. WTO cooperates in an appropriate manner with the IMF and the World Bank.
A. 2, 3, and 4
B. 1 and 3
C. 3 and 4
D. 1, 2 and 4
Select an option to see the answer and solution.
Authorized Dealers for foreign exchange transactions are appointed by:
A. Reserve Bank of India
B. Government of India
C. Individual Banks
D. FEDAI
Select an option to see the answer and solution.
PIN in banking transaction is known as
A. Postal Index Number
B. Permanent Identification Number
C. Personal Identification Number
D. Public Interlocking Numeric
Select an option to see the answer and solution.
The single largest component of external debt is:
A. Commercial borrowings
B. Multilateral debt
C. Short term debt
D. NRI deposits
Select an option to see the answer and solution.
What is "Stagflation":
A. Inflation with growth
B. Deflation with growth
C. Inflation after deflations
D. Inflation with depression
Select an option to see the answer and solution.
Online banking is not known as:
A. Internet banking
B. Virtual banking
C. E-banking
D. Instrument banking
Select an option to see the answer and solution.
Reverse Repo means:
A. Rate at which RBI borrows money from Commercial Banks
B. Rate offered to Blue chip companies
C. A rate equal to Bank rate
D. None of the above
Select an option to see the answer and solution.
Reserve Bank of India controls the activities of which of the following banks in India?
1. Commercial banks
2. Cooperative banks
3. Foreign banks
4. Rural banks
A. 1, 2 and 3
B. 1, 3 and 4
C. 2, 3 and 4
D. All of the above
Select an option to see the answer and solution.
Identify the years in which different phases of bank nationalisation took place in India.
1. 1950
2. 1955
3. 1969
4. 1949
5. 1980
Select the correct answer:
A. 1, 2, 3 and 4
B. 2, 3 and 5
C. 2, 4 and 5
D. 3, 4 and 5
Select an option to see the answer and solution.
Banks should not grant new loans for purpose of minor irrigation in:
A. White Block
B. Grey Block
C. Dark Block
D. All of these
Select an option to see the answer and solution.
Which of the following statement is false?
A. Risk averse people will pay an insurance premium that is greater than the mathematically fair chance of loss in order to relieve themselves of uncertainty
B. A risk seeker is willing to assume risk
C. The mathematically fair price for insurance is the objective risk for the insurer multiplied by the maximum possible loss
D. Insurance is never a mathematically fair trade because the insurer adds several operating and other costs to loss costs when it calculates the premium
Select an option to see the answer and solution.
Read the following statements and choose the correct answer:
Statement I: Small Industry Development Bank of India (SIDBl) was set-up as a wholly owned subsidiary of RBI.
Statement II: SIDBI has taken over the responsibility of administering small industry development fund managed by IDBI.
A. Only I is correct
B. Only II is correct
C. Both I and II are correct
D. Both I and II are incorrect
Select an option to see the answer and solution.
The most important reason for an investor to prefer a Bank deposit is
A. The credit worthiness of the Bank
B. The Bank does not invest in the securities
C. The Bank offers a guarantee
D. All of the above
Select an option to see the answer and solution.
Match
List-I with
List-II and select the correct answer:
List-I
List-II
a. Narasimham Committee
1. Lending under consortium arrangement
b. Shetty Committee
2. Frauds and malpractices in banks
c. Ghosh Committee
3. Securities operations of bank and financial institutions
d. Janakiraman Committee
4. Financial system in India
A. a-3, b-4, c-2, d-1
B. a-2, b-3, c-4, d-1
C. a-4, b-2, c-3, d-1
D. a-3, b-4, c-1, d-2
Select an option to see the answer and solution.