Q1. The definition of the
priority sector was first formalised in 1972 by?
(a) Planning
Commission
(b) National Development
Council
(c)
Reserve Bank of India
(d) Ministry of Finance,
Government of India
(e) None of the above
Q2. Liquidity ratio is fixed
by the Reserve Bank of India under the powers conferred on it by?
(a) Reserve Bank of
India Act, 1934
(b) Companies Act, 1956
(c)
Banking Regulation Act, 1949
(d) Special Powers given
by the Union Ministry of Finance
Q3. The largest number of
commercial banks’offices are located in?
(a) Karnataka
(b) Maharashtra
(c) Tamil Nadu
(d)
Uttar Pradesh
(e) None of the above
Q4. Which of the
following is not a member of the World Bank Group?
(a) International Bank
of Reconstruction and Development
(b) International
Development Association
(c)
Bank of International Settlement
(d) International
Finance Corporation
(e) None of the above
Q5. Every bank wishing
to commence banking business in India is required to obtain a licence from?
(a) Government of India,
Ministry of Finance
(b) Government of India,
Company Law Board
(c)
Reserve Bank of India
(d) Registrar of
Companies
(e) None of the above
Q6. When was the currency
system in India converted into decimal system?
(a)
From 1st April, 1957
(b) From 1st April,
1959
(c) From 1st April,
1961
(d) From 1st April,
1963
(e) None of the above
Q7. Statutory cash reserve
ratio for scheduled banks is regulated by Reserve Bank of India under powers
conferred upon it by?
(a) Reserve Bank of
India Act, 1934
(b)
Banking Regulation Act, 1949
(c) Companies Act,
1956
(d) Union Ministry of
Finance
(e) None of the above
Q8. Net Interest Income means?
(a)
Interest generated from bank's assets less interest paid on liabilities
(b) Interest earned on
advances
(c) Miscellaneous
Income
(d) All of the above
(e) None of the above
Q9. No licence from RBI is
required for?
(a) opening a new bank
branch in India
(b) opening a new bank
branch outside India
(c) shifting an existing
branch outside the city, village or town
(d)
shifting an existing branch within the same city, village or town
(e) None of the above
Q10. In NRE account, rate of
interest is linked to?
(a)
LIBOR
(b) Bank
(c) PLR
(d) RBI
(e) None of the above
Q11. In the Money market
operations, the item widely accepted is?
(a) Inter Bank
Participation Certificates
(b) Certificate of
Deposits
(c)
Treasury Bills
(d) All of the
above
(e) None of the above
Q12. To meet a significant
increase in demand for bank credit, a bank may?
(a) make use of excess
reserves
(b) borrow from other
banks
(c) borrow from the
Reserve Bank of India
(d)
All of the above
(e) None of the above
Q13. The "bank rate"
is?
(a) free to fluctuate
according to the forces of demand and supply
(b)
set by the Reserve Bank of India
(c) set by the Reserve
Bank of India as directed by the Union Ministry of Finance
(d) set by the Reserve
Bank of India as directed by the Indian Banks' Association
(e) None of the above
Q14. Pledge means?
(a) advance against
goods
(b) open working capital
limits
(c)
bailment of goods as security for payment of a debt or performance of a
promise
(d) All of the
above
(e) None of the above
Q15. What are the RBI
guidelines for the development of Interest Rate Swaps (IRS)?
(a) Banks can use IRS
for hedging and Trading both
(b) MIFOR is a benchmark
for IRS
(c) Under ISDA agreement
Banks can opt for dual jurisdiction i.e., Indian as well as common law
(d)
All of the above
(e) None of the above
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