BANK-Banking Awarness Test-16

An increase in CRR by RBI leads to ____________

1 Mark(s)

Decrease in deposit
Increase in deposit
Increase in lendable resources
Decrease in lendable resources

M/s XYZ company has got an order to supply Machinery to M/s ABC Co of Nigeria. Who has to get a Letter of Credit issued from a Bank ___________

1 Mark(s)

M/s ABC since they are the importers
M/s XYZ since they are the exporters
Both since they are the parties to the agreement
RBI since they regulate the Foreign Trade in India

What is NOT true with regard to Currency Chests in India?

1 Mark(s)

They are managed by different banks on behalf of RBI
Deposits in Currency Chests are taken into account for calculation of CRR (Cash Reserve Ratio)
Standard Chartered Bank a Foreign Bank also maintains Currency Chest
None of the above

Lock period in Term deposit means?

1 Mark(s)

Locker must be opened by the customer in the branch.
The Pre-maturity is not possible.
Another account cannot be opened by customer
Nominee name need not be written.

Principal functions of SIDBI ____________

1 Mark(s)

Promotion of SSI
Finance of SSI
Development of SSI
All the above

Which bank launches first homegrown economic index?

1 Mark(s)

ICICI
BOB
SBI
PNB

What does the DICGC insure?

1 Mark(s)

Any amount due on account of any deposit received outside India.
Deposits of Central/State Governments
Deposits of foreign Governments
None of these

Which of the following is not a contributing factor to micro-credits?

1 Mark(s)

KYC norms
Collaterals
Pre-payment charges
EMI

What is 'Net Interest Margin' of a Bank?

1 Mark(s)

Margin of Interest earned on Trading in Govt Securities
Difference between the Base Interest Rate and the Average Lending Rate
Difference between the interest income and the amount of interest paid out
Difference between Interest on Term Loans and Interest on Cash Credits

Which is/ are the different categories under priority sector?

1 Mark(s)

Social Infrastructure
Renewable Energy
Micro, Small and Medium Enterprises
All of above

____ heads and conducts the affairs of RBI

1 Mark(s)

Central Board
Local board
Regional board
All of the above

What is the maximum deposit amount insured by the DICGC (Deposit Insurance and Credit Guarantee Corporation)?

1 Mark(s)

Rupees One Lakh
Rupees Two Lakh
Rupees Three Lakh
Rupees Five Lakh

What is meant by development Oriented banking?

1 Mark(s)

Infrastructure financing
Extending loans to States, which are un-development
Taking up the task of development of the economy by providing support to under privileged sections of the society
None of these

RBI revised premature deposit rules of which type of accounts?

1 Mark(s)

Kiddy accounts
Current accounts
Large value fixed deposit accounts
Dollar savings accounts

Which Bank launches voice password facility for users?

1 Mark(s)

Axis
ICICI
HDFC
Kotak Mahindra Bank

What is 'Packing Credit'?

1 Mark(s)

Finance extended to packing materials industry
Finance extended to an Importer to pack the goods imported
Finance extended to Warehouses for keeping the goods packages
Finance extended to an Exporter to meet the costs of buying and/ or making products to be exported

When RBI reduce the CRR it results into _________

1 Mark(s)

Decrease in deposit
Increase in deposit
Increase in lendable resource
Decrease in lendable resources

What does Deficit financing mean?

1 Mark(s)

Government of India borrows from World Bank
Government of India borrows from IMF
Government of India borrows from SBI
Government of India borrows from RBI

Recently Parliament has pass-ed Companies Act 2013. What is NOT true with regard to some of the features of the Act?

1 Mark(s)

An Individual can set up "One person Private Ltd Company"
An independent Director can hold 3 consecutive terms of 3 years
Listed Companies must have at least 1/3rd independent Directors
Prescribed Companies must have at least 1 woman Director on the Board

Which of the following became the first private bank in India to receive an in-principle approval from RBI?

1 Mark(s)

Yes Bank
ICICI Bank
HDFC Bank
IndusInd Bank

BANK-Banking Awarness Test-16 : Question 1 of 20