Banking Quiz Set- 49
Q1. Which Act was framed specially to deal with Non-Performing Assets (NPA)?
(a) Banking Regulation Act 1949
(b) Foreign Exchange Management Act(FEMA) 1999
(c) Industrial Disputes Act...
Banking Quiz Set- 48
1.With the aim of achieving Financial Inclusion, Reserve Bank Of India has issued guidelines permitting the banks to employ ____ to facilitate Business Development.
(A)...
Commercial Banks & Their Functions
A commercial bank is an institution that provides services such as accepting deposits, providing business loans, and offering basic investment products. Commercial bank can...
Banking Quiz Set- 47
1. A customer desiring to do permitted banking transactions through ATM needs to have
(a)ATM card or debit card/credit card (if compatible with the ATM...
All About Bill Discounting
If the drawer of the bill does not want to wait till the due date of the bill and is in need of money,...
Banking Quiz Set- 46
1. Certificate of Deposit can be issued by _____?
(a) Reserve Bank, NABARD and Exim Bank only
(b) Commercial banks and term lending institutions
(c) Scheduled commercial...
Banking Quiz Set- 45
1. Which of the following is a third party product often sold by banks?
(a) Gift cheques
(b) Credit cards
(c) Debit cards
(d) Mutual funds
(e) All of...
National Automated Clearing House
The Reserve Bank of India offers the Electronic Clearing System (ECS) for faster payments and collections. ECS is an electronic mode of payment /...
Banking Quiz Set- 44
1. ______ is a type of preference share where the dividend payable on the same accumulates, if not paid and after a specified date,...
Financial Inclusion Fund (FIF)
The Government has constituted a “Committee on Financial Inclusion”, under the Chairmanship of Dr. C. Rangarajan, Chairman, Economic Advisory Council to Prime Minister. The...
