Banking Services and Operations

Micro- insurance business is done through the following intermediaries:

Non-Government Organisations Self-Help Groups Micro-Finance Institutions

This is the correct answer. Most small farmers have to borrow money to arrange for the capital. They borrow from the big farmers or the village money lenders or the traders who supply various inputs for cultivation.

SLR or the Statutory Liquidity Ratio is that ration of total deposits which a commercial bank has to maintain with itself at any given point of time in the form of liquid assets like cash in hand, current balances with other banks and first class securities which can be turned into cash (gold, cash or other approve securities). Some assets have to be in liquid form to take care of financial emergencies which every bank has to face. It regulates the credit growth in India.

Electronic Fund Transfer (EFT) systems like NEFT, RTGS, IMPS, and UPI allow customers to transfer funds electronically using banking channels without visiting a bank branch or interacting with staff. Phone banking also doesn't require staff intervention, but EFT is more comprehensive and user-friendly for routine transactions.

A customer is bound to maintain sufficient balance in account once he has given a mandate for ECS.

Correct answer is (4). 

The Call Money Market is where banks lend and borrow funds for very short periods (as short as overnight) to meet their reserve requirements like CRR (Cash Reserve Ratio) and SLR (Statutory Liquidity Ratio). This interbank market helps banks manage daily liquidity needs.

The book 'Banking Principles & Operations' focuses on various aspects of banking and prepares students for careers in banking. It covers fundamental banking concepts, operational procedures, and practical aspects that students need to understand for banking sector jobs. The book is designed as an educational resource rather than focusing on marketing or specific deposit rates.

When the main clause contains "hardly" (a negative adverb), the question tag uses the positive form of the auxiliary verb. "Hardly get" (negative meaning) requires "do they" (positive tag), not "don't they".

Netbill Internet commerce system helps in delivering soft goods including information.  

Online banking (or internet banking or e-banking) allows customers of a financial institution to conduct financial transactions on a secure website operated by the institution, which can be a retail or virtual bank, credit union or building society.

Basel I and Basel II are international banking regulatory frameworks issued by the Basel Committee on Banking Supervision (BCBS). They establish minimum capital requirements, risk management standards, and supervisory practices to ensure banks' stability and prevent global financial crises.

Bank rate is the rate at which the central bank (RBI in India) rediscounts bills of exchange and other commercial paper for commercial banks. It is a monetary policy tool used to control money supply and inflation, not directly related to consumer rates or deposit rates.

On July 19, 1969, the Government of India nationalized 14 major banks with deposits exceeding Rs. 50 crores. Option C is correct as this first phase of nationalization included 14 banks. The second phase in 1980 nationalized 6 more banks, making the total 20 nationalized banks.

In the second phase of bank nationalization on April 15, 1980, 6 more banks were nationalized by the Government of India. Option C is correct as these 6 banks met the criteria of having deposits over Rs. 200 crores. This brought the total number of nationalized banks to 20.