Money lent for one day is called-call money
Money market is the center of dealings mainly of short term character in monetary assets
Mortgage is a-security on immovable property for a loan given by a bank
Mutual funds fall within the supervisory purview of SEBI
NABARD was established in 1982
The fixed deposits, reinvestment deposits and recurring deposits are repayable after an
agreed period.
The following are the functions of a commercial bank namely; providing project finance;
settlement of payments on behalf of the customers; issuing credit and debit cards to the
customers and providing services such as locker facilities and remittances
The following are the functions of banks - accepting deposits; granting loans;collecting
cheques; issuing drafts; selling gold/silver coins
National Income Estimates in India are prepared by Central Statistics Commission
National savings certificates, infrastructure bonds, Indira Vikas Patras, Krishi Vikas
Patra etc. are examples of financial assets
Normally Economic Growth is coupled with ? ~~~~> Inflation.
Money laundering means - the process of conversion of money obtained illegally to
appear to have originated from legitimate sources
Money laundering refers to conversion of money which is legally obtained
NRI deposits are called as hot money
On which Rate at which commercial banks borrow short term funds with RBI ~~~~Repo
Rate
Public sector bank, foreign bank, private sector bank and regional rural bank are
classified as commercial banks
RBI declared that it has withdrawn the instruction of compensation to banks at how
much percent of the national value of counterfeit notes detected?25 Percent
Regional Rural Banks fall within supervisory purview of-RBI,Note: RBI is supervisor
and NABARD is regulator.
Regional Rural Banks were set up in 1975
Reserve Bank of India issues all the currency notes except one rupee note
Reserve Bank of India undertakes the following rates: CRR; SLR and repo rates
Revelling credit is made available by the issuer in the case of ~~~~Credit Card
Savings bank accounts are opened by individuals for savings purposes
Scheduled commercial banks are banks which have been included in the second
schedule of RBI act, 1934; registered under companies act and got licence as per
Banking Regulations act 1949
SEBI means Securities and Exchange Board of India.
Securities and Exchange Board of India was established in 1988
Six banks were nationalized during the second stage on 15.4.1980
Small finance Banks must disburse how much percent of their total adjusted net bank
credit to priority sector?75%
State Bank of India was formulated as per SBI act 1955
State Bank of Indore was merged with state Bank of India in which year ? ~~~~> 2010
T-bills are financial instruments initially sold by ________ to raise funds.-the
government
The account in which trading of shares in their electronic form is called as DEMAT
account
The bank branches which can undertake foreign exchange business directly are known
as approved dealers in foreign exchange
The banking ombudsman resolves the complaints of the customers in regard to services
provided by the banks
The capital market deals in long term funds, both debt and equity
The conversion of money which is illegally obtained is called as - money laundering
The credit risk to the bank is high from which of these cards - Credit cards
The crossing on a cheque can be cancelled by the drawer of the cheque under his full
signature
The Economy in which there is a mixture of Public and Private Sector both is called ?
~~~~> Mixed Economy.
The excess of the total expenditures over total receipts is known as ? ~~~~> Budget
Deficit.
The financial literacy includes the following namely; how to invest the funds; how to use
the limited funds carefully; how to minimize the risks and how to reinvest the money
earned
The first bank in India was set up on modern lines in 1770 by an agency house
The first bank note issued by Independent India was the One Rupee note issued in which
year? ~~~~> 1949
The first Indian bank to open a branch outside India in London in 1946 is Bank of India
The first public sector bank to issue capital to public is – Oriental Bank of Commerce
The following are the sources of finance for any commercial bank - capital, borrowings
from RBI, deposits and cash reserves with RBI
The following constitutes the largest percentage of retail loans in the country - Home
loans
The following is a measure taken by RBI in order to control inflation in the country -
raising of Repo and Reverse Repo rates.
The following is not a primary function of a bank - Facilitating import of goods
The following represent the correct meaning of Repo rate - Rate for borrowing rupees by
banks from RBI
The fourteen banks which were nationalized on 19.7.1969 were-Central Bank of India;
Bank of Maharashtra; Dena Bank; Punjab National Bank; Syndicate Bank; Canara Bank;
Indian Bank; Indian Overseas Bank; Bank of Baroda; Union Bank; Allahabad
Bank; United Bank of India; United Commercial Bank and Bank of India
The headquarters of International Monetary Fund is located at which place ? ~~~~>
Washington DC.
The letter "L" available in the term LAF commonly used in financial/economic news is
called as- Liquidity
The loans of very small amounts given to low income group is called as - Micro credit
The non performing assets of any bank are called as - sub standard assets, doubtful
assets and loss assets
The performing assets of any bank are called as - standard assets
The primary issuers of capital market securities include- the Central and Local
Governments and corporations
The rate at which the domestic currency can be converted into foreign currency and vice
versa is known as the - exchange rate
The reserves which can act as a liquidity buffer for commercial banks during crisis times
are CRR and SLR
The subsidiaries of State Bank of India are; State Bank of Patiala;State Bank of
Hyderabad; State Bank of Travancore; State Bank of Bikaneer and Jaipur and State
Bank of Mysore.
The usual deposit accounts of banks are-current accounts, savings bank accounts and
term deposit accounts
The usual deposit accounts of the banks are - current accounts, savings accounts and
term deposit accounts
To which country does Mohammad Yunus, who developed the concept of Micro Credit
and Micro Finance belong ? ~~~~> Bangladesh.
Universal banking is the roof under which various banking products are available
Up to what extent, FDI in Insurance sector is allowed by the government of India ?49%
Upper limit prescribed for RTGS transaction is-No upper limit is prescribed
Urban cooperative bank is not a commercial bank
What do you understand by the term called as mortgage ?- Making the security of
immovable property available as a cover for a home loan availed by the borrower
What is the best option to park money for a long period of time to earn a high rate of
interest ~~~~Fixed Deposit A/c
What is the Cap on loan amount given out by a Non-Banking financial company –
Micro Finance Institution ?Rs 50000
What is the minimum tenure of deposits to be taken by NBFCs (Non Banking Financial
Companies) ?12 Months
What is the name of Australian Central Bank ~~~~Reserve Bank Australia
What reason told by RBI governor recently for not issuing the high denomination
currency above Rs 1000 bank note presently?Fear of Counterfeiting
When a banker talks about CDR, CDR is meant - Corporate Debt Restructuring.
When the ATM machine installed in the bank is out of order, it is called as operational
risk
When the banks are not able to pay the amount to the depositors, it is called as liquidity
risk
When the banks entertain in dealing with insurance business, it is called as
bankassurance
When the banks products fail to survive in the market, it is called market risk
When the computers are not functioning, it is called as operational risk
When the loans are not repaid in time, it is called as credit risk
When the rate of inflation increases-purchasing power of money decreases
When the repayment period is between 37 to 84 months, such loans are called as
medium term loans
When the repayment period is more than 84 months, they are called as long term loans
When the repayment period of any loan is upto 36 months, the loan is called as short
term loan
Where is the Federal Reserve system (The USA Central bank) headquartered ~~~~New
York
Where is the headquarter of Asian Development Bank ~~~~Manilla (Philippines)
Where is the headquarter of World Bank Located? ~~~~> Washington D.C.
Where is the headquarters of Allahabad Bank located ? ~~~~> Kolkata.
Where is the headquarters of Badhan Bank’s Located ~~~~(Kolkata, Chairman
~~~~Ashok Lahiri)
Where is the headquarters of Central Bank of India located ~~~~Mumbai
Which action will be taken by RBI to reduce the excess liquidity in the market
~~~~Increase CRR (Cash Reserve Ratio)
Which bank accredited by the green climate fund as an implementing entity for climate
change related projects in India ?NABARD
Which card product launched by the banks is working on the principle of ‘Buy Now Pay
Later’ ~~~~Credit Card
Which private sector bank has the maximum number of ATMs Machine in India ?
~~~~> ICICI Bank.
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