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Q1. Banks are required to preserve the old records. The rules regarding preservation are framed by Central Govt., as per provisions of which of the following Act?
a) Indian Evidence Act
b) Limitation Act
c) Banking Regulation Act
d) RBI Act
e) Negotiable Instrument Act 1881
Q2. On the basis of powers drawn mainly in which of the following Acts, RBI regulates and controls the banks in India?
a) Banking Regulation Act and RBI Act
b) RBI Act and Companies Act
c) Banking Regulation Act and Companies Act
d) Banking Regulation Act, RBI Act and Negotiable Instruments Act
e) None of these
Q3.The annual return of unclaimed deposits u/s 26 of Banking Regulation Act should be submitted to RBI within the following days after close of the calendar year
a) 15 days
b) 23 days
c) 30 days
d) 45 days
Q4. Which of the following organizations/agencies works solely to monitor and arrange flow of agriculture credit in India?
a) NABARD
b) SIDBI
c) RBI
d) SEBI
e) None of these
Q5. .Whenever somebody needs foreign currency against Indian Rupee, banks give equivalent amount of desired currency based on prevalent?
a) bank rate
b) currency rate
c) policy rate
d) exchange rate
e) base rate
Q6. One rupee note and all coins will be issued by?
a) Reserve Bank of India
b) Central Government
c) Central and State Governments collectively
d) None of the above
e) All the above
Q7. POS is the acronym used in banking. It means ?
a) Point of Sales Terminal
b) Personal Omission Script
c) Pending Off Sales
d) Pointed Open Sales
e) Post Office Sales
Q8.NIM Stands for?
a) Net Interest Minimum
b) Not Interest Margin
c) Net Internal Margin
d) Net Interest Margin
e) Net Interest Module
Q9. The SSI said there must not be two regulators on home loans. One regulator is Reserve Bank of India and another one is
a) HDFC
b) SBI
c) SEBI
d) HUDCO
e) NHB
Q10. __________ promoted Securities Trading Corporation of India Limited (STCI) jointly with the Public sector banks ?
a) RBI
b) SBI
c) UTI
d) LIC
e) SEBI
ANSWER:-
1)c) Banking Regulation Act
2)a) Banking Regulation Act and RBI Act
3) c) 30 days
4)a) NABARD
5)d) exchange rate
6) b) Central Government
7)a) Point of Sales Terminal
8)d) Net Interest Margin
9) e) NHB
10)a) RBI
