BANK-Banking Awarness Test-13

Which of the following is NOT a source of funds of a commercial bank?

1 Mark(s)

Capital
Call money
Deposits
Cash reserves with RBI

Lending to Micro Finance Institutions by banks is considered as finance to _____________

1 Mark(s)

Non priority sector
priority sector
commercial sector
Agriculture sector

What is financial inclusion?

1 Mark(s)

To provide banking services to all those living in remote areas
To provide a 100 days job to all those who are in need of a job
To provide a permanent employment to the unemployed
To ensure that all financial transactions amounting Rs. 5,000/- and above are done through banks

What do you understand by the term ‘Mortgage’?

1 Mark(s)

Registration of charge with the Registrar of Companies
Making the security of immovable property available as a cover for a home loan by the borrower
Sale of moveable security in the event of default by the borrower
Registration of charge with the Regional Transport Authority

Which of the following is a measure taken by Reserve Bank of India to control inflation in our country?

1 Mark(s)

Increase in CRR
Increase in SLR
Contraction of supply of currency
Raising of Repo/ Reserve Repo Rate

Which of the following is not a primary function of a Bank?

1 Mark(s)

Granting Loans
Collecting Cheques/ Drafts customers
Facilitating import of goods
issuing Bank drafts

Cash Reserve Ratio (CRR) and Statutory’ Liquidity Ratio (SLR) are terms most closely related to which of the following industries / markets?

1 Mark(s)

Capital Market
Banking industry
Commodities market
Money Market

. Loan of very small amounts given to low income groups is called _________

1 Mark(s)

Cash credit
Micro credit
Simple overdraft
No frills loans

What does the letter ‘L’ stands for in the term LAF commonly used in financial/economic news?

1 Mark(s)

Liquidity
Least
Liabilities
Long

Objective of monetary policy of RBI is to _________

1 Mark(s)

control inflation
discourage hoarding of commodities
encourage flow of credit into neglected sector
All of the above

Expand the term ALM as used in Banking/Finance sector ?

1 Mark(s)

Asset Liability Maturity
Asset Liability Mismatch
Asset Liability Management
Asset Liability Manpower

What is the maximum period for which domestic term deposits are normally accepted by banks in our country?

1 Mark(s)

3 years
5 years
7 years
10 years

The Banking Ombudsman _____________

1 Mark(s)

is in charge of bank loan for buses
fixes the rates of interest for loans
resolves complaints of customers
is the head of all nationalized banks

Effective from 15th April, 1980, how many banks with demand and time liabilities exceeding 200 crore were nationalized?

1 Mark(s)

ten
six
five
four

Which of the following is/are called key Policy rates by the Reserve Bank of India?

A. Bank rate

B. Repo Rate, Reverse repo rate

C. CRR, SLR

Which of the following is/are called key Policy rates by the Reserve Bank of India?

A. Bank rate

B. Repo Rate, Reverse repo rate

C. CRR, SLR

1 Mark(s)

Only A
Only B
Only A & B
All A, B and C

When a banker talks about CDR, what is he talking about?

1 Mark(s)

Corporate Debt Restructuring
Corporate Debt Rollover
Company Debt Rollover
Corporate Deposit Restructuring

Real Time Gross Settlement System means a payment system in which ____________

1 Mark(s)

both processing and final settlement of funds transfer instructions can take place continuously
final transaction takes place at the end of the day
final payment is physically effected within 24 hours
final settlement of funds take place at 3 PM daily

Which of the following is a correct statement?

1 Mark(s)

Normally no interest is paid on current deposit accounts.
Interest is paid on current accounts at the same rate as term deposit accounts
The rate of interest on current account and savings account are the same.
No interest is paid on any deposit by the bank.

The Reserve Bank of India has divested its stake in State Bank of India to ____________

1 Mark(s)

IDBI Bank
LIC
ICICI Bank
Government of India

Which of the following is/are various components/ channels of the monetary policy of the RBI?

(a) Altering money supply,

(b) credit availability

Which of the following is/are various components/ channels of the monetary policy of the RBI?

(a) Altering money supply,

(b) credit availability

1 Mark(s)

Only (A) & (B)
Only (B) & (C)
Only (A) & (C)
Only (A)

BANK-Banking Awarness Test-13 : Question 1 of 20