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Banking - 10

Covers banking fundamentals including RBI policies, bank operations, financial products, and regulatory concepts

14 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

The most powerful tool used by RBI to control inflation is _______________.

  1. raising interest rates
  2. reducing the interest rates
  3. raising the money supply
  4. reducing the CRR
  5. None of the above
Question 2 Multiple Choice (Single Answer)

ASBA scheme is a purchase of _______.

  1. IPO
  2. FD
  3. CD
  4. ECB
  5. None of the above
Question 3 Multiple Choice (Single Answer)

Who headed the panel for bringing a benchmark floating interest rates, especially in home loans?

  1. Anand Sinha
  2. Arundhati Bhattacharya
  3. Jignesh Shah
  4. Usha Sangwan
  5. None of the above
Question 4 Multiple Choice (Single Answer)

Base rate in banks is _________.

  1. rate of interest payable on demand deposit
  2. rate of interest payable on fixed deposits
  3. rate of interest charged by RBI on long term borrowings of public sector units
  4. the rate below which no bank allows their lending to anyone
  5. all of the above
Question 5 Multiple Choice (Single Answer)

If I wish to purchase some US dollars for traveling abroad then I have to go to ___________.

  1. The Ministry of Finance.
  2. The US embassy.
  3. Any bank branch authorized to do such activity.
  4. RBI.
  5. The Ministry of External Affairs.
Question 6 Multiple Choice (Single Answer)

A bank is called a scheduled bank when ____________.

  1. its business has crossed the 1000 Crore mark
  2. its branch network is over 100
  3. it is included in the second schedule of the RBI act
  4. when it complies with all of the 3 above options
  5. none of the above
Question 7 Multiple Choice (Single Answer)

________ is not a feature of demand deposits.

  1. Multiple deposits allowed
  2. Multiple withdrawals allowed
  3. Withdrawls permitted through an ATM
  4. Withdrawls not permitted through an ATM
  5. Both 1 and 3
Question 8 Multiple Choice (Single Answer)

World Bank provides financial and technical assistance to _____________.

  1. Developed countries
  2. G8 countries
  3. Developing countries
  4. African countries
  5. SAARC countries
Question 9 Multiple Choice (Single Answer)

Which of the following is the expanded form of PACS?

  1. Primary Agriculture Credit Societies
  2. Primary Audit Credit Societies
  3. Predicitve Agriculture Credit Societies
  4. Preventive Agriculture Credit Societies
  5. None of the above
Question 10 Multiple Choice (Single Answer)

Currency notes issued by RBI should always possess a minimum gold stock worth _______.

  1. Rs. 115 cr
  2. Rs. 110 cr
  3. Rs. 1000 cr
  4. Rs. 500 cr
  5. Rs. 200 cr
Question 11 Multiple Choice (Single Answer)

Rama was informed by the bank that the minimum balance Rs. 1000 can’t be withdrawn. His present balance is Rs. 17000. He issued a cheque of Rs. 16500. The cheque is _______.

  1. passed
  2. not passed
  3. dishonored
  4. passed for Rs. 16000
  5. cheque can be returned
Question 12 Multiple Choice (Single Answer)

Amortized loan means ____________.

  1. loan with scheduled periodic payments of both principal and interest
  2. government finances the banks to refinance the local money lenders
  3. giving huge loans to costumers by taking security
  4. not providing cash to costumers, but providing a loan in the form of goods
  5. loans given by RBI
Question 13 Multiple Choice (Single Answer)

CRR is changed by RBI __________.

  1. at its discretion
  2. on a day to day basis
  3. on a monthly basis
  4. on a yearly basis
  5. none of the above
Question 14 Multiple Choice (Single Answer)

The slogan of the Central Bank of India is ____________.

  1. Central to you since 1911
  2. Central to your finance
  3. We around you, you at center
  4. Central in serious since 2011
  5. None of the above
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