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Q1. Demand deposits are?
a) Bank notes
b) Money (they can be used to make payments)
c) Considered as near money
d) Legal money
e) None of these

Q2. The banks can give loans?
a) Unlimited
b) Equal to deposits
c) Less than deposits
d) More than deposits
e) None of these

Q3.  Cash cannot be obtained from bank against?
a) Cross cheque
b) Order cheque
c) Bearer cheque
d) Traveller cheque
e) None of these

Q4. The rate at which banks borrow funds overnight from the Reserve Bank of India against approved government securities is called?
a) Marginal Standing Facility Rate
b) Repo Rate
c) Reverse Repo Rate
d) Call Money
e) None of the above

Q5. As per guidelines issued by the Reserve Bank of India, Banks may classify a loan as Non-Performing Asset (NPA), only if the interest due and the principal during any quarter is not serviced fully within?
a) 90 days from the end of the quarter

b) 60 days from the end of the quarter
c) 60 days from the beginning of the quarter
d) 30 days from the end of the quarter
e) 30 days from the beginning of the quarter

Q6. The 150th birth anniversary of Lala Lajpat Rai was celebrated on 28 Jan. He was associated with the foundation of which of the following banks in 1895?
a) Central Bank of India
b) Imperial Bank of India
c) Allahabad Bank
d) Punjab National Bank
e) None of these

Q7.  What is term used for a deposit with a bank that locks up money for a certain period but also provides an option of premature withdrawal which may attract a penalty?
a) Savings bank deposit
b) Term deposit
c) Recurring deposit
d) Current deposit
e) None of the above

Q8.  As per new KYC norms for NBFCs, which of the following regarding full KYC updating of individuals and entities is NOT correct?
a) High-risk customers-at least two years
b) Medium-risk customers-at least every 8 years
c) Low-risk customers-at least every ten years
d) BPL customers- KYC not required
e) None of the above

Q9. The housing loans consist of?
a) for the construction of a house
b) repair (maintenance) and/or renewal of a house

c) clearance of slums and rehabilitation of disaster -stricken masses to temporary refuge
shelters
d) 1 & 2 only
e) All the above

Q10. ._____ has announced to au repossessed properties worth a total of nearly $200 mn in the biggest nation online sale to date?
a) ICICI Bank
b) Punjab National Bank
c) State Bank of India
d) HDFC
e) Bank of India

ANSWER:-

1) b) Money (they can be used to make payments)

2) d) More than deposits

3)a) Cross cheque

4)a) Marginal Standing Facility Rate

5) a) 90 days from the end of the quarter

6)d) Punjab National Bank

7) b) Term deposit

8)d) BPL customers- KYC not required

9)e) All the above

10)b) Punjab National Bank

 

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