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Banking Awareness Miscellaneous
Who sets up the Bench Mark Interest Rate for Germany?
German Central Bank
Deutsche Bundes Bank
European Central Bank (ECB)
FCCB stands for
Foreign currency convertible bonds
Forex currency convertible bonds
Form currency convertible bonds
Future currency convertible bonds
"De–Mat" account is regulated by
These days RBI uses Selective credit control measures rather infrequently because of:
Deregulation of functions
Autonomy given to banks
Reasonable inflation level
All the above
Capital market is a market for long-term debt and equity shares. It is further divided in to?
Secondary Market and Bull Market.
Bull Market and Bell Market.
Primary Market and Secondary Market.
Primary Market and Government Cash Bond Market.
Shares issued in Primary market in the form of IPO and FPO. IPO means?
India Public Offer
Initial Private Offer
Initial Public Off
Initial Public Offer
_____ is raised in capital markets.
Funds through long term securities
Long term loans through Govt. securities
Medium term loans
Short - term instruments
Interest on Government securities on fixed basis is known as
Prime Lending Rate
Bench mark PLR
Lock period in Term deposit means?
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.
Which of the following happened to be the first private bank in India to receive an in-principle approval from RBI?
United Western Bank
The approach of ‘Micro-Credit’ or ‘Banking with the poor’ is comparatively a new concept in the field of rural credit. This approach has been tried very successfully in which of the following countries?
The lowering of Bank Rate by the Reserve Bank of India leads to
More liquidity in the market
Less liquidity in the market
No change in the liquidity in the market
Mobilization of more deposits by commercial banks
RBI is lender of last resort which reveals
RBI advances money to public whenever there is any emergency
Commercial banks give fund to the RBI
RBI advances necessary credit against eligible securities to financial institutions
All of the above
The ability of commercial banks to increase their deposits by expanding their loans and advances is known as
What is India's Apex Tax body?
Banks in India are governed by BR Act 1949. What does 'BR' stands for?
In India, Scheduled Commercial Banks are those Banks included?
In the 2nd Schedule of RBI Act 1934
In the 2nd Schedule of BR Act 1949
In the 2nd Schedule of NI Act 1881
In the 2nd Schedule of Companies Act 1956
Which of the following statement is/are true about fiat money?
Fiat money includes physical token like certificates
Fiat money's value is not derived from any intrinsic value are relative value is based only on government order
Fiat money can be converted in to valuable commodity (like gold)
None of these
A scheduled bank must be
Company incorporated by any law in force in any place in India
An institution notified by GOI
A company as defined by Companies Act, 2013
All of the Above
The Rate at which the domestic currency can be converted into foreign currency and vice-versa is known as the
Inter bank Call money rate
Which among the following accounts deposit fetch the highest rate of interest?
Current account deposit
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?
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 'Packing Credit'?
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
Narrow banking means
The bank branch which has narrow corridors
the bank situated in narrow street
the bank which accepts deposits and invests the amount in government securities
the bank which only lends loans and not accepts any deposits from the public
Bank rate policy, open market operations, variable reserve requirements and statutory liquidity requirements employed by Reserve Bank as measures by Reserve of credit control are classified as
Both of the above
None of these
“Micro Credits” are loans
granted to distressed person (other than farmers) to pre-pay their debt to non- institutional lenders against appropriate collateral or group security,
not exceeding 50.000 per borrower provided by banks
both (1) and (2)
None of these
What does FSDC stand for?
Financial Security and Development Council
Financial Stability and Development Council
Fiscal Security and Development Council
Fiscal Stability and Development Council
Which of the following is not a part of the scheduled banking structure in India?
Public Sector Banks
Private Sector Banks
Regional Rural Bank
The rate of interest on Savings Bank Account is decided by
Indian Banks Association
Government of India
The Concerned Bank
Many times we read a term CBS used in banking operation. What is the full form of the letter ‘S’ in the term ‘CBS’?
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