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Q1. Which of the following agencies maintain RIDF (Rural Infrastructure Development Fund) ?
1. Ministry of Rural Development
2. Reserve Bank of India
3. NABARD
4. SIDBI
5. None of the above

Q2. Which of the following statements not correct?
1. The Nationalized Banks may go to public to raise capital
2. Public Sector Banks can raise foreign equity up to 49 per cent
3. Private Sector Banks can raise capital from the public
4. Regional Rural Banks cannot raise capital from the public
5. None of the above

Q3. If a cooperative bank fails, the depositors of such a bank is protected up to Rs.1 lakh subject to the provision that:
1. The depositor is not having more than Rs.1 lac at the time of failure of the bank
2. The bank has registered with the DICGC
3. The depositor has is not having more than one deposit account
4. The depositor has opted for insurance coverage specifically
5. If the bank is paying Insurance Premium to LIC regularly

Q4. A bank has refused to open the account without any valid reasons. When the matter was referred to the Bank Regional Office, no response received even after two months. Then:
1. The person can refer the matter to Banking Ombudsman.
2. Even though he is yet to become the customer of the bank, he can refer the matter to Banking Ombudsman.
3. Since he is the non customer he loses the right to refer the matter to Banking Ombudsman
4. The person can refer the matter to the Head Office/ Corporate Office of the Bank and then only can approach Banking Ombudsman
5. None of the above

Q5. If RBI cancels the license of a bank,the bank has the remedy option of:
1. Filling a review application before governor of RBI
2. Filling an appeal with RBI after passing a general body resolution
3. Appealing to central government
4. Appeal after recommendations of general body and governor to centralgovernment
5. Any of the above

Q6. To curb inflation one of the methods is?
1. Bank rate must be made equal to long term lending rates
2. Bank rate must be kept even
3. Bank rate must be lowered
4. Bank rate must be raised
5. None of these

Q7. Which bank(s) was / were awarded Nobel Prize for doing commendable work in the field of microfinance?
1. NABARD
2. Gramin Bank of Bangladesh
3. Both 1 and 2
4. State Bank of india
5. SEBI

Q8. Which of the following is NOT considered a money market instrument ?
1. Treasury bills
2. Repurchase Agreement
3. Commercial Paper
4. share and bond
5. None of these

Q9. Bad debts mean __________________________
a) amounts owed to a company that are not going to be paid
b) amounts owned to a company that are not going to be paid within 8 years
c) amounts owed to a company that are going to be paid
d) amounts owed to a company that are going to be paid within 2 years
e) None of these

Q10. FEMA 1999 stands for?
a) Foreign Economy Management Act 1999
b) Foreign External Management Act 1999
c) Foreign Exchange Management Act 1999
d) Financial Exchange Management Act 1999
e) None of these

 

ANSWER:-

1)- 3. NABARD

2)2. Public Sector Banks can raise foreign equity up to 49 per cent

3)2. The bank has registered with the DICGC

4)1. The person can refer the matter to Banking Ombudsman.

5)3. Appealing to central government

6)4. Bank rate must be raise

7) 2. Gramin Bank of Bangladesh

8)4. share and bond

9)a) amounts owed to a company that are not going to be paid.

10)c) Foreign Exchange Management Act 1999

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