1. Which one of the following is not a 'Money Market Instrument’?
(a) Treasury Bill
(b) Commercial Paper
(c) Certificate of Deposit
(d) Equity Shares
(e) None of these
Ans. (d)
2. Which one of the following is a retail banking product?
(a) Home Loans
(b) Working capital finance
(c) Corporate term loans
(d) Infrastructure financing
(e) Export Credit
Ans. (a)
3. When there is a difference between all receipts and expenditure of the Govt. of India, both capital and revenue, it is called ______?
(a) Revenue Deficit
(b) Budgetary Deficit
(c) Zero Budgeting
(d) Trade Gap
(e) Balance of payment problem
Ans. (b)
4. Which of the following is NOT a function of the Reserve Bank of India?
(a) Fiscal Policy Functions
(b) Exchange Control Functions
(c) Issuance, Exchange and destruction of currency notes
(d) Monetary Authority Functions
(e) Supervisory and Control Functions
Ans. (a)
5. With reference to a cheque which of the following is the 'drawer bank’?
(a) The bank that collects the cheque
(b) The payee's bank
(c) The endorsee's bank
(d) The endorser's bank
(e) The bank upon which the cheque is drawn
Ans. (a)
6. In which of the following fund transfer mechanisms, can funds be moved from one bank to another and where the transaction is settled instantly without being bunched with any other transaction?
(a) RTGS
(b) NEFT
(c) TT
(d) EFT
(e) MT
Ans. (a)
7. Banking Ombudsman Scheme is applicable to the business of ______?
(a) All scheduled commercial banks excluding RRBs
(b) All scheduled commercial banks including RRBs
(c) Only Public Sector Banks
(d) All Banking Companies
(e) All scheduled banks except private banks
Ans. (b)
8. Nationalization of banks aimed at all of the following except ________?
(a) Provision of adequate credit for agriculture, SME & exports
(b) Removal of control by a few capitalists
(c) Provision of credit to big industries only
(d) Access of banking to masses
(e) Encouragement of a new class of entrepreneurs
Ans. (c)
9. Base Rate is the rate below which no Bank can allow their lending to anyone. Who sets up this 'Base Rate' for Banks?
(a) Individual Banks' Board
(b) Ministry of Commerce
(c) Ministry of Finance
(d) RBI
(e) Interest Rate Commission of India
Ans. (d)
10. What is a 'Debit Card’?
(a) It is a card issued by a Rating Agency
(b) It is a card which can be used for withdrawing cash or making payment even in the absence of any balance in the account
(c) It is a card which can be used for withdrawing cash or making payment if there is balance in the account
(d) It is a card which carries prepaid balance
(e) It is a card which can be used for making STD calls\
Ans. (c)
(a) Treasury Bill
(b) Commercial Paper
(c) Certificate of Deposit
(d) Equity Shares
(e) None of these
Ans. (d)
2. Which one of the following is a retail banking product?
(a) Home Loans
(b) Working capital finance
(c) Corporate term loans
(d) Infrastructure financing
(e) Export Credit
Ans. (a)
3. When there is a difference between all receipts and expenditure of the Govt. of India, both capital and revenue, it is called ______?
(a) Revenue Deficit
(b) Budgetary Deficit
(c) Zero Budgeting
(d) Trade Gap
(e) Balance of payment problem
Ans. (b)
4. Which of the following is NOT a function of the Reserve Bank of India?
(a) Fiscal Policy Functions
(b) Exchange Control Functions
(c) Issuance, Exchange and destruction of currency notes
(d) Monetary Authority Functions
(e) Supervisory and Control Functions
Ans. (a)
5. With reference to a cheque which of the following is the 'drawer bank’?
(a) The bank that collects the cheque
(b) The payee's bank
(c) The endorsee's bank
(d) The endorser's bank
(e) The bank upon which the cheque is drawn
Ans. (a)
6. In which of the following fund transfer mechanisms, can funds be moved from one bank to another and where the transaction is settled instantly without being bunched with any other transaction?
(a) RTGS
(b) NEFT
(c) TT
(d) EFT
(e) MT
Ans. (a)
7. Banking Ombudsman Scheme is applicable to the business of ______?
(a) All scheduled commercial banks excluding RRBs
(b) All scheduled commercial banks including RRBs
(c) Only Public Sector Banks
(d) All Banking Companies
(e) All scheduled banks except private banks
Ans. (b)
8. Nationalization of banks aimed at all of the following except ________?
(a) Provision of adequate credit for agriculture, SME & exports
(b) Removal of control by a few capitalists
(c) Provision of credit to big industries only
(d) Access of banking to masses
(e) Encouragement of a new class of entrepreneurs
Ans. (c)
9. Base Rate is the rate below which no Bank can allow their lending to anyone. Who sets up this 'Base Rate' for Banks?
(a) Individual Banks' Board
(b) Ministry of Commerce
(c) Ministry of Finance
(d) RBI
(e) Interest Rate Commission of India
Ans. (d)
10. What is a 'Debit Card’?
(a) It is a card issued by a Rating Agency
(b) It is a card which can be used for withdrawing cash or making payment even in the absence of any balance in the account
(c) It is a card which can be used for withdrawing cash or making payment if there is balance in the account
(d) It is a card which carries prepaid balance
(e) It is a card which can be used for making STD calls\
Ans. (c)
1. Which one of the following is not a 'Money Market Instrument’?
(a) Treasury Bill
(b) Commercial Paper
(c) Certificate of Deposit
(d) Equity Shares
(e) None of these
Ans. (d)
2. Which one of the following is a retail banking product?
(a) Home Loans
(b) Working capital finance
(c) Corporate term loans
(d) Infrastructure financing
(e) Export Credit
Ans. (a)
3. When there is a difference between all receipts and expenditure of the Govt. of India, both capital and revenue, it is called ______?
(a) Revenue Deficit
(b) Budgetary Deficit
(c) Zero Budgeting
(d) Trade Gap
(e) Balance of payment problem
Ans. (b)
4. Which of the following is NOT a function of the Reserve Bank of India?
(a) Fiscal Policy Functions
(b) Exchange Control Functions
(c) Issuance, Exchange and destruction of currency notes
(d) Monetary Authority Functions
(e) Supervisory and Control Functions
Ans. (a)
5. With reference to a cheque which of the following is the 'drawer bank’?
(a) The bank that collects the cheque
(b) The payee's bank
(c) The endorsee's bank
(d) The endorser's bank
(e) The bank upon which the cheque is drawn
Ans. (a)
6. In which of the following fund transfer mechanisms, can funds be moved from one bank to another and where the transaction is settled instantly without being bunched with any other transaction?
(a) RTGS
(b) NEFT
(c) TT
(d) EFT
(e) MT
Ans. (a)
7. Banking Ombudsman Scheme is applicable to the business of ______?
(a) All scheduled commercial banks excluding RRBs
(b) All scheduled commercial banks including RRBs
(c) Only Public Sector Banks
(d) All Banking Companies
(e) All scheduled banks except private banks
Ans. (b)
8. Nationalization of banks aimed at all of the following except ________?
(a) Provision of adequate credit for agriculture, SME & exports
(b) Removal of control by a few capitalists
(c) Provision of credit to big industries only
(d) Access of banking to masses
(e) Encouragement of a new class of entrepreneurs
Ans. (c)
9. Base Rate is the rate below which no Bank can allow their lending to anyone. Who sets up this 'Base Rate' for Banks?
(a) Individual Banks' Board
(b) Ministry of Commerce
(c) Ministry of Finance
(d) RBI
(e) Interest Rate Commission of India
Ans. (d)
10. What is a 'Debit Card’?
(a) It is a card issued by a Rating Agency
(b) It is a card which can be used for withdrawing cash or making payment even in the absence of any balance in the account
(c) It is a card which can be used for withdrawing cash or making payment if there is balance in the account
(d) It is a card which carries prepaid balance
(e) It is a card which can be used for making STD calls\
Ans. (c)
(a) Treasury Bill
(b) Commercial Paper
(c) Certificate of Deposit
(d) Equity Shares
(e) None of these
Ans. (d)
2. Which one of the following is a retail banking product?
(a) Home Loans
(b) Working capital finance
(c) Corporate term loans
(d) Infrastructure financing
(e) Export Credit
Ans. (a)
3. When there is a difference between all receipts and expenditure of the Govt. of India, both capital and revenue, it is called ______?
(a) Revenue Deficit
(b) Budgetary Deficit
(c) Zero Budgeting
(d) Trade Gap
(e) Balance of payment problem
Ans. (b)
4. Which of the following is NOT a function of the Reserve Bank of India?
(a) Fiscal Policy Functions
(b) Exchange Control Functions
(c) Issuance, Exchange and destruction of currency notes
(d) Monetary Authority Functions
(e) Supervisory and Control Functions
Ans. (a)
5. With reference to a cheque which of the following is the 'drawer bank’?
(a) The bank that collects the cheque
(b) The payee's bank
(c) The endorsee's bank
(d) The endorser's bank
(e) The bank upon which the cheque is drawn
Ans. (a)
6. In which of the following fund transfer mechanisms, can funds be moved from one bank to another and where the transaction is settled instantly without being bunched with any other transaction?
(a) RTGS
(b) NEFT
(c) TT
(d) EFT
(e) MT
Ans. (a)
7. Banking Ombudsman Scheme is applicable to the business of ______?
(a) All scheduled commercial banks excluding RRBs
(b) All scheduled commercial banks including RRBs
(c) Only Public Sector Banks
(d) All Banking Companies
(e) All scheduled banks except private banks
Ans. (b)
8. Nationalization of banks aimed at all of the following except ________?
(a) Provision of adequate credit for agriculture, SME & exports
(b) Removal of control by a few capitalists
(c) Provision of credit to big industries only
(d) Access of banking to masses
(e) Encouragement of a new class of entrepreneurs
Ans. (c)
9. Base Rate is the rate below which no Bank can allow their lending to anyone. Who sets up this 'Base Rate' for Banks?
(a) Individual Banks' Board
(b) Ministry of Commerce
(c) Ministry of Finance
(d) RBI
(e) Interest Rate Commission of India
Ans. (d)
10. What is a 'Debit Card’?
(a) It is a card issued by a Rating Agency
(b) It is a card which can be used for withdrawing cash or making payment even in the absence of any balance in the account
(c) It is a card which can be used for withdrawing cash or making payment if there is balance in the account
(d) It is a card which carries prepaid balance
(e) It is a card which can be used for making STD calls\
Ans. (c)
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