1. Which of the following training establishment is not run by Reserve Bank of India?
(1) Bankers Training College, Bombay
(2) College of Agricultural Banking, Pune
(3) NIBM
(4) All of the above
(5) None of the above
2. The term ‘Ways and Means” advances refers to
(1) the advances allowed under DRI Scheme by commercial banks
(2) the advances allowed by commercial banks under Twenty Point Economic Programme
(3) The temporary advances made to the government by its banners to bridge the interval between expenditure and the flow of receipts of revenues
(4) All of the above
(5) none of the above
3. Which of the following do not fall within the functions of the Reserve bank of India?
(1) Regulation of currency
(2) Control of credit
(3) banker to the Government, banker’s bank and lender of the last resort
(4) Accepting deposits and making loans and advances to public
(5) none of the above
4. Open market operations are employed by Reserve Bank of India
(1) to control the reserve base of banks
(2) to minimize fluctuations in money supply
(3) as an adjunct to the bank rate to make it function more effectively
(4) All of the above
(5) None of the above
5. Which of the following is the authority for effecting changes in the Cash Reserve Ratio and Statutory Liquidity Ratio?
(1) Reserve Bank of India
(2) Indian Bank’s Association
(3) Government of India
(4) IDBI
(5) None of the above
7. Banking Regulation Act, 1949, does not at all apply to
(1) nationalized banks
(2) State Bank of India and its subsidiaries
(3) foreign banks having branches in India
(4) primary agricultural credit societies and co-operative land mortgage banks
(5) none of the above
8. What are the benefits of Core Banking solutions?
(1) Benefit of not carrying the cash from one place to another
(2) Depositing money anywhere in the country where the bank is present
(3) Instant updating of the accounts
(4) All of the above
(5) none of the above
9. Organised sector refers to
(1) Nationalised banks and private sector banks
(2) Regional Rural Banks, Cooperative Banks and Development Banks
(3) Both 1 and 2
(4) None of the above
(5) all of the above
10. Unorganised sector includes
(1) Moneylenders, indigenous bankers
(2) Power brokers, traders, etc.
(3) Non-banking financial companies which do not fulfil the criteria notified by the Reserve Bank of India
(4) all of the above
(5) None of the above
11. Banking is defined under
(1) Negotiable Instrument Act, 1881
(2) Banking Regulation Act, 1949
(3) Reserve Bank of India Act, 1935
(4) nowhere, it is defined
(5) Both 1 and 2
12. Savings bank accounts are generally opened by
(1) firms
(2) companies
(3) association of persons
(4) individuals
(5) none of these
13. As per the directives of Reserve bank of India, “Notice deposit’ shall mean
(1) the deposit withdrawable at the will of the depositor
(2) the deposit repayable only after the bank gives notice to the depositor
(3) term deposit for specific period but with drawable on giving at least one complete banking day’s notice
(4) none of the above
(5) all of the above
14. Time deposits are payable by the bank
(1) on due date
(2) on demand
(3) after one year
(4) after 63 months
(5) none of these
15. A Foreign Currency (non-resident) accounts means
(1) a foreign currency account maintained at a foreign center by a person resident in India
(2) A US $ account maintained in India by a foreigner
(3) an account maintained by a non-resident individual of Indian nationality or origin (NRI) with an authorized dealer in India in a designated foreign currency
(4) All of the above
(5) None of the above
Answers
1. 3
2. 3
3. 4
4. 4
5. 1
7. 4
8. 4
9. 3
10. 4
11. 2
12. 4
13. 3
14. 1
15. 3
(1) Bankers Training College, Bombay
(2) College of Agricultural Banking, Pune
(3) NIBM
(4) All of the above
(5) None of the above
2. The term ‘Ways and Means” advances refers to
(1) the advances allowed under DRI Scheme by commercial banks
(2) the advances allowed by commercial banks under Twenty Point Economic Programme
(3) The temporary advances made to the government by its banners to bridge the interval between expenditure and the flow of receipts of revenues
(4) All of the above
(5) none of the above
3. Which of the following do not fall within the functions of the Reserve bank of India?
(1) Regulation of currency
(2) Control of credit
(3) banker to the Government, banker’s bank and lender of the last resort
(4) Accepting deposits and making loans and advances to public
(5) none of the above
4. Open market operations are employed by Reserve Bank of India
(1) to control the reserve base of banks
(2) to minimize fluctuations in money supply
(3) as an adjunct to the bank rate to make it function more effectively
(4) All of the above
(5) None of the above
5. Which of the following is the authority for effecting changes in the Cash Reserve Ratio and Statutory Liquidity Ratio?
(1) Reserve Bank of India
(2) Indian Bank’s Association
(3) Government of India
(4) IDBI
(5) None of the above
7. Banking Regulation Act, 1949, does not at all apply to
(1) nationalized banks
(2) State Bank of India and its subsidiaries
(3) foreign banks having branches in India
(4) primary agricultural credit societies and co-operative land mortgage banks
(5) none of the above
8. What are the benefits of Core Banking solutions?
(1) Benefit of not carrying the cash from one place to another
(2) Depositing money anywhere in the country where the bank is present
(3) Instant updating of the accounts
(4) All of the above
(5) none of the above
9. Organised sector refers to
(1) Nationalised banks and private sector banks
(2) Regional Rural Banks, Cooperative Banks and Development Banks
(3) Both 1 and 2
(4) None of the above
(5) all of the above
10. Unorganised sector includes
(1) Moneylenders, indigenous bankers
(2) Power brokers, traders, etc.
(3) Non-banking financial companies which do not fulfil the criteria notified by the Reserve Bank of India
(4) all of the above
(5) None of the above
11. Banking is defined under
(1) Negotiable Instrument Act, 1881
(2) Banking Regulation Act, 1949
(3) Reserve Bank of India Act, 1935
(4) nowhere, it is defined
(5) Both 1 and 2
12. Savings bank accounts are generally opened by
(1) firms
(2) companies
(3) association of persons
(4) individuals
(5) none of these
13. As per the directives of Reserve bank of India, “Notice deposit’ shall mean
(1) the deposit withdrawable at the will of the depositor
(2) the deposit repayable only after the bank gives notice to the depositor
(3) term deposit for specific period but with drawable on giving at least one complete banking day’s notice
(4) none of the above
(5) all of the above
14. Time deposits are payable by the bank
(1) on due date
(2) on demand
(3) after one year
(4) after 63 months
(5) none of these
15. A Foreign Currency (non-resident) accounts means
(1) a foreign currency account maintained at a foreign center by a person resident in India
(2) A US $ account maintained in India by a foreigner
(3) an account maintained by a non-resident individual of Indian nationality or origin (NRI) with an authorized dealer in India in a designated foreign currency
(4) All of the above
(5) None of the above
Answers
1. 3
2. 3
3. 4
4. 4
5. 1
7. 4
8. 4
9. 3
10. 4
11. 2
12. 4
13. 3
14. 1
15. 3