[1]Which one of the following statements is correct regarding increase in the CRR in India?
A.
It increases credit creation
B.
It reduces credit creation
C.
It does not affect credit
D.
It denoted liberal monetary policy
Ans:
It reduces credit creation
Explanation :
0
[2]Which among the following bank has offered the best interest on saving accounts in India by Jan 2015?
A.
Yes bank
B.
Kotatk Mahindra Bank
C.
IndusInd Bank
D.
Lakshmi Vilas Bank
Ans:
Yes bank
Explanation :
0
[3]MICR stands for
A.
Magnetic Ink Character Recognition
B.
Maximum Individual Cancer Risk
C.
Michigan Incident Crime Reporting
D.
Magnetic Ink Check Reader
Ans:
Magnetic Ink Character Recognition
Explanation :
0
[4]Who decides the value and volume of bank notes to be printed and on what basis?
A.
Finance Ministry
B.
Planning Commission
C.
RBI
D.
Stock Exchange
Ans:
RBI
Explanation :
0
[5]Axis Bank is the changed name of
A.
ICICI
B.
UTI
C.
IDBI
D.
UTO
Ans:
UTI
Explanation :
0
[6]The government formed the panel after many exservicemen returned their medals to protest the rejection of their ‗one rank one pension demand. Who is heading this panel?
A.
K.M. Chandrasekhar
B.
R Balakrishanan
C.
B S Padmanabham
D.
T. Raja Shekhar
Ans:
K.M. Chandrasekhar
Explanation :
0
[7]Open Money Market is a place for selling and buying of financial instrument by
A.
All financial institutions
B.
Only by Commercial Banks
C.
Only by Common Banks
D.
Indian Government
Ans:
All financial institutions
Explanation :
0
[8]What is used to manage cash flows in different currencies?
A.
Credit crunch
B.
Arbitrage
C.
Mirco credit
D.
Currency swap
Ans:
Currency swap
Explanation :
0
[9]Cash reserve ratio is the
A.
Voluntary
B.
Mandatory
C.
Optional
D.
As decided by the chairman and managing director
Ans:
Mandatory
Explanation :
0
[10]What does the M in M-banking stands for?
A.
money
B.
marginal
C.
message
D.
mobile
Ans:
mobile
Explanation :
0
[11]Who issues Commercial Papers?
A.
A Company to a Bank
B.
Banks to Banks
C.
Banks to Companies
D.
Company to its suppliers
Ans:
Banks to Banks
Explanation :
0
[12]What is the meaning of ‗I promise to pay clause written on notes?
A.
The bank’s obligation to pay the value of banknote does not arise out of a contract but out of statutory provisions.
B.
The bank’s obligation to pay the value of banknote does arise out of a contract but not out of statutory provisions.
C.
This obligation is neither due to a contract nor a statutory provision.
D.
It means that to pay you the value, there is sovereign guaranty.
Ans:
The bank’s obligation to pay the value of banknote does not arise out of a contract but out of statutory provisions.
Explanation :
0
[13]What is the maximum period for which domestic term deposits are normally accepted by banks in our country?
A.
3 years
B.
5 years
C.
7 years
D.
10 years
Ans:
10 years
Explanation :
0
[14]When the conversion rate of our currency goes high in compared to other currency , it is known as-
A.
Rupee Appreciation
B.
Rupee Devaluation
C.
Rupee Demodulation
D.
Rupee Depreciation
Ans:
Rupee Depreciation
Explanation :
0
[15]Relationship between the RBI and the bank maintaining currency chest will be of
A.
Trustee and beneficiary
B.
Creditor and debtor
C.
Licensor and licensee
D.
Principal and agent
Ans:
Principal and agent
Explanation :
0
[16]An increase is CRR by RBI leads to-
A.
Decrease in lendable resource
B.
Increase in lendable resource
C.
Decrease in deposit
D.
Increase in deposit
Ans:
Decrease in lendable resource
Explanation :
0
[17]Domestic Systematically Important Banks (D- SIBs) is announced with the term
A.
Too big to fail
B.
Too big to fall
C.
Too big to pass
D.
Too big to die
Ans:
Too big to fail
Explanation :
0
[18]The headquarters of Industrial Finance Corporation of India(IFCI)
A.
Mumbai
B.
New Delhi
C.
Chennai
D.
Hyderabad
Ans:
New Delhi
Explanation :
0
[19]Economic planning is an essential feature of
A.
Dual economy
B.
Mixed economy
C.
Social economy
D.
Capitalist economy
Ans:
Social economy
Explanation :
0
[20]‗Repo Rate is the rate at which:
A.
The RBI lends to state government
B.
The international aid agencies to RBI
C.
The RBI lends to banks
D.
The banks lend to RBI
Ans:
The RBI lends to banks
Explanation :
0
[21]Which of the following cannot be endorsed?
A.
A fixed deposit receipt
B.
A bank draft
C.
A Promissory note
D.
A usance bill of exchange
Ans:
A fixed deposit receipt
Explanation :
0
[22]On the basis of which commission was RBI established?
A.
Hilton Young Commission
B.
Federal Commission
C.
Federation Commission
D.
British Commission
Ans:
Hilton Young Commission
Explanation :
0
[23]The Commission charged by a broker is ?
A.
Brokerage Interest
B.
Brokerage Fee
C.
Brokerage Profit
D.
Brokerage rate
Ans:
Brokerage Fee
Explanation :
0
[24]Effective from 15th April, 1980, how many banks with demand and time liabilities exceeding 200 crore were nationalized?
A.
five
B.
four
C.
six
D.
ten
Ans:
six
Explanation :
0
[25]The functions of the lead bank are performed by:
A.
SBI
B.
RBI
C.
Any bank
D.
A bank designed for this purpose
Ans:
A bank designed for this purpose
Explanation :
0
Explanation :
0
[2]Which among the following bank has offered the best interest on saving accounts in India by Jan 2015?
A.
Yes bank
B.
Kotatk Mahindra Bank
C.
IndusInd Bank
D.
Lakshmi Vilas Bank
Ans:
Yes bank
Explanation :
0
[3]MICR stands for
A.
Magnetic Ink Character Recognition
B.
Maximum Individual Cancer Risk
C.
Michigan Incident Crime Reporting
D.
Magnetic Ink Check Reader
Ans:
Magnetic Ink Character Recognition
Explanation :
0
[4]Who decides the value and volume of bank notes to be printed and on what basis?
A.
Finance Ministry
B.
Planning Commission
C.
RBI
D.
Stock Exchange
Ans:
RBI
Explanation :
0
[5]Axis Bank is the changed name of
A.
ICICI
B.
UTI
C.
IDBI
D.
UTO
Ans:
UTI
Explanation :
0
[6]The government formed the panel after many exservicemen returned their medals to protest the rejection of their ‗one rank one pension demand. Who is heading this panel?
A.
K.M. Chandrasekhar
B.
R Balakrishanan
C.
B S Padmanabham
D.
T. Raja Shekhar
Ans:
K.M. Chandrasekhar
Explanation :
0
[7]Open Money Market is a place for selling and buying of financial instrument by
A.
All financial institutions
B.
Only by Commercial Banks
C.
Only by Common Banks
D.
Indian Government
Ans:
All financial institutions
Explanation :
0
[8]What is used to manage cash flows in different currencies?
A.
Credit crunch
B.
Arbitrage
C.
Mirco credit
D.
Currency swap
Ans:
Currency swap
Explanation :
0
[9]Cash reserve ratio is the
A.
Voluntary
B.
Mandatory
C.
Optional
D.
As decided by the chairman and managing director
Ans:
Mandatory
Explanation :
0
[10]What does the M in M-banking stands for?
A.
money
B.
marginal
C.
message
D.
mobile
Ans:
mobile
Explanation :
0
[11]Who issues Commercial Papers?
A.
A Company to a Bank
B.
Banks to Banks
C.
Banks to Companies
D.
Company to its suppliers
Ans:
Banks to Banks
Explanation :
0
[12]What is the meaning of ‗I promise to pay clause written on notes?
A.
The bank’s obligation to pay the value of banknote does not arise out of a contract but out of statutory provisions.
B.
The bank’s obligation to pay the value of banknote does arise out of a contract but not out of statutory provisions.
C.
This obligation is neither due to a contract nor a statutory provision.
D.
It means that to pay you the value, there is sovereign guaranty.
Ans:
The bank’s obligation to pay the value of banknote does not arise out of a contract but out of statutory provisions.
Explanation :
0
[13]What is the maximum period for which domestic term deposits are normally accepted by banks in our country?
A.
3 years
B.
5 years
C.
7 years
D.
10 years
Ans:
10 years
Explanation :
0
[14]When the conversion rate of our currency goes high in compared to other currency , it is known as-
A.
Rupee Appreciation
B.
Rupee Devaluation
C.
Rupee Demodulation
D.
Rupee Depreciation
Ans:
Rupee Depreciation
Explanation :
0
[15]Relationship between the RBI and the bank maintaining currency chest will be of
A.
Trustee and beneficiary
B.
Creditor and debtor
C.
Licensor and licensee
D.
Principal and agent
Ans:
Principal and agent
Explanation :
0
[16]An increase is CRR by RBI leads to-
A.
Decrease in lendable resource
B.
Increase in lendable resource
C.
Decrease in deposit
D.
Increase in deposit
Ans:
Decrease in lendable resource
Explanation :
0
[17]Domestic Systematically Important Banks (D- SIBs) is announced with the term
A.
Too big to fail
B.
Too big to fall
C.
Too big to pass
D.
Too big to die
Ans:
Too big to fail
Explanation :
0
[18]The headquarters of Industrial Finance Corporation of India(IFCI)
A.
Mumbai
B.
New Delhi
C.
Chennai
D.
Hyderabad
Ans:
New Delhi
Explanation :
0
[19]Economic planning is an essential feature of
A.
Dual economy
B.
Mixed economy
C.
Social economy
D.
Capitalist economy
Ans:
Social economy
Explanation :
0
[20]‗Repo Rate is the rate at which:
A.
The RBI lends to state government
B.
The international aid agencies to RBI
C.
The RBI lends to banks
D.
The banks lend to RBI
Ans:
The RBI lends to banks
Explanation :
0
[21]Which of the following cannot be endorsed?
A.
A fixed deposit receipt
B.
A bank draft
C.
A Promissory note
D.
A usance bill of exchange
Ans:
A fixed deposit receipt
Explanation :
0
[22]On the basis of which commission was RBI established?
A.
Hilton Young Commission
B.
Federal Commission
C.
Federation Commission
D.
British Commission
Ans:
Hilton Young Commission
Explanation :
0
[23]The Commission charged by a broker is ?
A.
Brokerage Interest
B.
Brokerage Fee
C.
Brokerage Profit
D.
Brokerage rate
Ans:
Brokerage Fee
Explanation :
0
[24]Effective from 15th April, 1980, how many banks with demand and time liabilities exceeding 200 crore were nationalized?
A.
five
B.
four
C.
six
D.
ten
Ans:
six
Explanation :
0
[25]The functions of the lead bank are performed by:
A.
SBI
B.
RBI
C.
Any bank
D.
A bank designed for this purpose
Ans:
A bank designed for this purpose
Explanation :
0
Explanation :
0
[4]Who decides the value and volume of bank notes to be printed and on what basis?
A.
Finance Ministry
B.
Planning Commission
C.
RBI
D.
Stock Exchange
Ans:
RBI
Explanation :
0
[5]Axis Bank is the changed name of
A.
ICICI
B.
UTI
C.
IDBI
D.
UTO
Ans:
UTI
Explanation :
0
[6]The government formed the panel after many exservicemen returned their medals to protest the rejection of their ‗one rank one pension demand. Who is heading this panel?
A.
K.M. Chandrasekhar
B.
R Balakrishanan
C.
B S Padmanabham
D.
T. Raja Shekhar
Ans:
K.M. Chandrasekhar
Explanation :
0
[7]Open Money Market is a place for selling and buying of financial instrument by
A.
All financial institutions
B.
Only by Commercial Banks
C.
Only by Common Banks
D.
Indian Government
Ans:
All financial institutions
Explanation :
0
[8]What is used to manage cash flows in different currencies?
A.
Credit crunch
B.
Arbitrage
C.
Mirco credit
D.
Currency swap
Ans:
Currency swap
Explanation :
0
[9]Cash reserve ratio is the
A.
Voluntary
B.
Mandatory
C.
Optional
D.
As decided by the chairman and managing director
Ans:
Mandatory
Explanation :
0
[10]What does the M in M-banking stands for?
A.
money
B.
marginal
C.
message
D.
mobile
Ans:
mobile
Explanation :
0
[11]Who issues Commercial Papers?
A.
A Company to a Bank
B.
Banks to Banks
C.
Banks to Companies
D.
Company to its suppliers
Ans:
Banks to Banks
Explanation :
0
[12]What is the meaning of ‗I promise to pay clause written on notes?
A.
The bank’s obligation to pay the value of banknote does not arise out of a contract but out of statutory provisions.
B.
The bank’s obligation to pay the value of banknote does arise out of a contract but not out of statutory provisions.
C.
This obligation is neither due to a contract nor a statutory provision.
D.
It means that to pay you the value, there is sovereign guaranty.
Ans:
The bank’s obligation to pay the value of banknote does not arise out of a contract but out of statutory provisions.
Explanation :
0
[13]What is the maximum period for which domestic term deposits are normally accepted by banks in our country?
A.
3 years
B.
5 years
C.
7 years
D.
10 years
Ans:
10 years
Explanation :
0
[14]When the conversion rate of our currency goes high in compared to other currency , it is known as-
A.
Rupee Appreciation
B.
Rupee Devaluation
C.
Rupee Demodulation
D.
Rupee Depreciation
Ans:
Rupee Depreciation
Explanation :
0
[15]Relationship between the RBI and the bank maintaining currency chest will be of
A.
Trustee and beneficiary
B.
Creditor and debtor
C.
Licensor and licensee
D.
Principal and agent
Ans:
Principal and agent
Explanation :
0
[16]An increase is CRR by RBI leads to-
A.
Decrease in lendable resource
B.
Increase in lendable resource
C.
Decrease in deposit
D.
Increase in deposit
Ans:
Decrease in lendable resource
Explanation :
0
[17]Domestic Systematically Important Banks (D- SIBs) is announced with the term
A.
Too big to fail
B.
Too big to fall
C.
Too big to pass
D.
Too big to die
Ans:
Too big to fail
Explanation :
0
[18]The headquarters of Industrial Finance Corporation of India(IFCI)
A.
Mumbai
B.
New Delhi
C.
Chennai
D.
Hyderabad
Ans:
New Delhi
Explanation :
0
[19]Economic planning is an essential feature of
A.
Dual economy
B.
Mixed economy
C.
Social economy
D.
Capitalist economy
Ans:
Social economy
Explanation :
0
[20]‗Repo Rate is the rate at which:
A.
The RBI lends to state government
B.
The international aid agencies to RBI
C.
The RBI lends to banks
D.
The banks lend to RBI
Ans:
The RBI lends to banks
Explanation :
0
[21]Which of the following cannot be endorsed?
A.
A fixed deposit receipt
B.
A bank draft
C.
A Promissory note
D.
A usance bill of exchange
Ans:
A fixed deposit receipt
Explanation :
0
[22]On the basis of which commission was RBI established?
A.
Hilton Young Commission
B.
Federal Commission
C.
Federation Commission
D.
British Commission
Ans:
Hilton Young Commission
Explanation :
0
[23]The Commission charged by a broker is ?
A.
Brokerage Interest
B.
Brokerage Fee
C.
Brokerage Profit
D.
Brokerage rate
Ans:
Brokerage Fee
Explanation :
0
[24]Effective from 15th April, 1980, how many banks with demand and time liabilities exceeding 200 crore were nationalized?
A.
five
B.
four
C.
six
D.
ten
Ans:
six
Explanation :
0
[25]The functions of the lead bank are performed by:
A.
SBI
B.
RBI
C.
Any bank
D.
A bank designed for this purpose
Ans:
A bank designed for this purpose
Explanation :
0
Explanation :
0
[6]The government formed the panel after many exservicemen returned their medals to protest the rejection of their ‗one rank one pension demand. Who is heading this panel?
A.
K.M. Chandrasekhar
B.
R Balakrishanan
C.
B S Padmanabham
D.
T. Raja Shekhar
Ans:
K.M. Chandrasekhar
Explanation :
0
[7]Open Money Market is a place for selling and buying of financial instrument by
A.
All financial institutions
B.
Only by Commercial Banks
C.
Only by Common Banks
D.
Indian Government
Ans:
All financial institutions
Explanation :
0
[8]What is used to manage cash flows in different currencies?
A.
Credit crunch
B.
Arbitrage
C.
Mirco credit
D.
Currency swap
Ans:
Currency swap
Explanation :
0
[9]Cash reserve ratio is the
A.
Voluntary
B.
Mandatory
C.
Optional
D.
As decided by the chairman and managing director
Ans:
Mandatory
Explanation :
0
[10]What does the M in M-banking stands for?
A.
money
B.
marginal
C.
message
D.
mobile
Ans:
mobile
Explanation :
0
[11]Who issues Commercial Papers?
A.
A Company to a Bank
B.
Banks to Banks
C.
Banks to Companies
D.
Company to its suppliers
Ans:
Banks to Banks
Explanation :
0
[12]What is the meaning of ‗I promise to pay clause written on notes?
A.
The bank’s obligation to pay the value of banknote does not arise out of a contract but out of statutory provisions.
B.
The bank’s obligation to pay the value of banknote does arise out of a contract but not out of statutory provisions.
C.
This obligation is neither due to a contract nor a statutory provision.
D.
It means that to pay you the value, there is sovereign guaranty.
Ans:
The bank’s obligation to pay the value of banknote does not arise out of a contract but out of statutory provisions.
Explanation :
0
[13]What is the maximum period for which domestic term deposits are normally accepted by banks in our country?
A.
3 years
B.
5 years
C.
7 years
D.
10 years
Ans:
10 years
Explanation :
0
[14]When the conversion rate of our currency goes high in compared to other currency , it is known as-
A.
Rupee Appreciation
B.
Rupee Devaluation
C.
Rupee Demodulation
D.
Rupee Depreciation
Ans:
Rupee Depreciation
Explanation :
0
[15]Relationship between the RBI and the bank maintaining currency chest will be of
A.
Trustee and beneficiary
B.
Creditor and debtor
C.
Licensor and licensee
D.
Principal and agent
Ans:
Principal and agent
Explanation :
0
[16]An increase is CRR by RBI leads to-
A.
Decrease in lendable resource
B.
Increase in lendable resource
C.
Decrease in deposit
D.
Increase in deposit
Ans:
Decrease in lendable resource
Explanation :
0
[17]Domestic Systematically Important Banks (D- SIBs) is announced with the term
A.
Too big to fail
B.
Too big to fall
C.
Too big to pass
D.
Too big to die
Ans:
Too big to fail
Explanation :
0
[18]The headquarters of Industrial Finance Corporation of India(IFCI)
A.
Mumbai
B.
New Delhi
C.
Chennai
D.
Hyderabad
Ans:
New Delhi
Explanation :
0
[19]Economic planning is an essential feature of
A.
Dual economy
B.
Mixed economy
C.
Social economy
D.
Capitalist economy
Ans:
Social economy
Explanation :
0
[20]‗Repo Rate is the rate at which:
A.
The RBI lends to state government
B.
The international aid agencies to RBI
C.
The RBI lends to banks
D.
The banks lend to RBI
Ans:
The RBI lends to banks
Explanation :
0
[21]Which of the following cannot be endorsed?
A.
A fixed deposit receipt
B.
A bank draft
C.
A Promissory note
D.
A usance bill of exchange
Ans:
A fixed deposit receipt
Explanation :
0
[22]On the basis of which commission was RBI established?
A.
Hilton Young Commission
B.
Federal Commission
C.
Federation Commission
D.
British Commission
Ans:
Hilton Young Commission
Explanation :
0
[23]The Commission charged by a broker is ?
A.
Brokerage Interest
B.
Brokerage Fee
C.
Brokerage Profit
D.
Brokerage rate
Ans:
Brokerage Fee
Explanation :
0
[24]Effective from 15th April, 1980, how many banks with demand and time liabilities exceeding 200 crore were nationalized?
A.
five
B.
four
C.
six
D.
ten
Ans:
six
Explanation :
0
[25]The functions of the lead bank are performed by:
A.
SBI
B.
RBI
C.
Any bank
D.
A bank designed for this purpose
Ans:
A bank designed for this purpose
Explanation :
0
Explanation :
0
[8]What is used to manage cash flows in different currencies?
A.
Credit crunch
B.
Arbitrage
C.
Mirco credit
D.
Currency swap
Ans:
Currency swap
Explanation :
0
[9]Cash reserve ratio is the
A.
Voluntary
B.
Mandatory
C.
Optional
D.
As decided by the chairman and managing director
Ans:
Mandatory
Explanation :
0
[10]What does the M in M-banking stands for?
A.
money
B.
marginal
C.
message
D.
mobile
Ans:
mobile
Explanation :
0
[11]Who issues Commercial Papers?
A.
A Company to a Bank
B.
Banks to Banks
C.
Banks to Companies
D.
Company to its suppliers
Ans:
Banks to Banks
Explanation :
0
[12]What is the meaning of ‗I promise to pay clause written on notes?
A.
The bank’s obligation to pay the value of banknote does not arise out of a contract but out of statutory provisions.
B.
The bank’s obligation to pay the value of banknote does arise out of a contract but not out of statutory provisions.
C.
This obligation is neither due to a contract nor a statutory provision.
D.
It means that to pay you the value, there is sovereign guaranty.
Ans:
The bank’s obligation to pay the value of banknote does not arise out of a contract but out of statutory provisions.
Explanation :
0
[13]What is the maximum period for which domestic term deposits are normally accepted by banks in our country?
A.
3 years
B.
5 years
C.
7 years
D.
10 years
Ans:
10 years
Explanation :
0
[14]When the conversion rate of our currency goes high in compared to other currency , it is known as-
A.
Rupee Appreciation
B.
Rupee Devaluation
C.
Rupee Demodulation
D.
Rupee Depreciation
Ans:
Rupee Depreciation
Explanation :
0
[15]Relationship between the RBI and the bank maintaining currency chest will be of
A.
Trustee and beneficiary
B.
Creditor and debtor
C.
Licensor and licensee
D.
Principal and agent
Ans:
Principal and agent
Explanation :
0
[16]An increase is CRR by RBI leads to-
A.
Decrease in lendable resource
B.
Increase in lendable resource
C.
Decrease in deposit
D.
Increase in deposit
Ans:
Decrease in lendable resource
Explanation :
0
[17]Domestic Systematically Important Banks (D- SIBs) is announced with the term
A.
Too big to fail
B.
Too big to fall
C.
Too big to pass
D.
Too big to die
Ans:
Too big to fail
Explanation :
0
[18]The headquarters of Industrial Finance Corporation of India(IFCI)
A.
Mumbai
B.
New Delhi
C.
Chennai
D.
Hyderabad
Ans:
New Delhi
Explanation :
0
[19]Economic planning is an essential feature of
A.
Dual economy
B.
Mixed economy
C.
Social economy
D.
Capitalist economy
Ans:
Social economy
Explanation :
0
[20]‗Repo Rate is the rate at which:
A.
The RBI lends to state government
B.
The international aid agencies to RBI
C.
The RBI lends to banks
D.
The banks lend to RBI
Ans:
The RBI lends to banks
Explanation :
0
[21]Which of the following cannot be endorsed?
A.
A fixed deposit receipt
B.
A bank draft
C.
A Promissory note
D.
A usance bill of exchange
Ans:
A fixed deposit receipt
Explanation :
0
[22]On the basis of which commission was RBI established?
A.
Hilton Young Commission
B.
Federal Commission
C.
Federation Commission
D.
British Commission
Ans:
Hilton Young Commission
Explanation :
0
[23]The Commission charged by a broker is ?
A.
Brokerage Interest
B.
Brokerage Fee
C.
Brokerage Profit
D.
Brokerage rate
Ans:
Brokerage Fee
Explanation :
0
[24]Effective from 15th April, 1980, how many banks with demand and time liabilities exceeding 200 crore were nationalized?
A.
five
B.
four
C.
six
D.
ten
Ans:
six
Explanation :
0
[25]The functions of the lead bank are performed by:
A.
SBI
B.
RBI
C.
Any bank
D.
A bank designed for this purpose
Ans:
A bank designed for this purpose
Explanation :
0
Explanation :
0
[10]What does the M in M-banking stands for?
A.
money
B.
marginal
C.
message
D.
mobile
Ans:
mobile
Explanation :
0
[11]Who issues Commercial Papers?
A.
A Company to a Bank
B.
Banks to Banks
C.
Banks to Companies
D.
Company to its suppliers
Ans:
Banks to Banks
Explanation :
0
[12]What is the meaning of ‗I promise to pay clause written on notes?
A.
The bank’s obligation to pay the value of banknote does not arise out of a contract but out of statutory provisions.
B.
The bank’s obligation to pay the value of banknote does arise out of a contract but not out of statutory provisions.
C.
This obligation is neither due to a contract nor a statutory provision.
D.
It means that to pay you the value, there is sovereign guaranty.
Ans:
The bank’s obligation to pay the value of banknote does not arise out of a contract but out of statutory provisions.
Explanation :
0
[13]What is the maximum period for which domestic term deposits are normally accepted by banks in our country?
A.
3 years
B.
5 years
C.
7 years
D.
10 years
Ans:
10 years
Explanation :
0
[14]When the conversion rate of our currency goes high in compared to other currency , it is known as-
A.
Rupee Appreciation
B.
Rupee Devaluation
C.
Rupee Demodulation
D.
Rupee Depreciation
Ans:
Rupee Depreciation
Explanation :
0
[15]Relationship between the RBI and the bank maintaining currency chest will be of
A.
Trustee and beneficiary
B.
Creditor and debtor
C.
Licensor and licensee
D.
Principal and agent
Ans:
Principal and agent
Explanation :
0
[16]An increase is CRR by RBI leads to-
A.
Decrease in lendable resource
B.
Increase in lendable resource
C.
Decrease in deposit
D.
Increase in deposit
Ans:
Decrease in lendable resource
Explanation :
0
[17]Domestic Systematically Important Banks (D- SIBs) is announced with the term
A.
Too big to fail
B.
Too big to fall
C.
Too big to pass
D.
Too big to die
Ans:
Too big to fail
Explanation :
0
[18]The headquarters of Industrial Finance Corporation of India(IFCI)
A.
Mumbai
B.
New Delhi
C.
Chennai
D.
Hyderabad
Ans:
New Delhi
Explanation :
0
[19]Economic planning is an essential feature of
A.
Dual economy
B.
Mixed economy
C.
Social economy
D.
Capitalist economy
Ans:
Social economy
Explanation :
0
[20]‗Repo Rate is the rate at which:
A.
The RBI lends to state government
B.
The international aid agencies to RBI
C.
The RBI lends to banks
D.
The banks lend to RBI
Ans:
The RBI lends to banks
Explanation :
0
[21]Which of the following cannot be endorsed?
A.
A fixed deposit receipt
B.
A bank draft
C.
A Promissory note
D.
A usance bill of exchange
Ans:
A fixed deposit receipt
Explanation :
0
[22]On the basis of which commission was RBI established?
A.
Hilton Young Commission
B.
Federal Commission
C.
Federation Commission
D.
British Commission
Ans:
Hilton Young Commission
Explanation :
0
[23]The Commission charged by a broker is ?
A.
Brokerage Interest
B.
Brokerage Fee
C.
Brokerage Profit
D.
Brokerage rate
Ans:
Brokerage Fee
Explanation :
0
[24]Effective from 15th April, 1980, how many banks with demand and time liabilities exceeding 200 crore were nationalized?
A.
five
B.
four
C.
six
D.
ten
Ans:
six
Explanation :
0
[25]The functions of the lead bank are performed by:
A.
SBI
B.
RBI
C.
Any bank
D.
A bank designed for this purpose
Ans:
A bank designed for this purpose
Explanation :
0
Explanation :
0
[12]What is the meaning of ‗I promise to pay clause written on notes?
A.
The bank’s obligation to pay the value of banknote does not arise out of a contract but out of statutory provisions.
B.
The bank’s obligation to pay the value of banknote does arise out of a contract but not out of statutory provisions.
C.
This obligation is neither due to a contract nor a statutory provision.
D.
It means that to pay you the value, there is sovereign guaranty.
Ans:
The bank’s obligation to pay the value of banknote does not arise out of a contract but out of statutory provisions.
Explanation :
0
[13]What is the maximum period for which domestic term deposits are normally accepted by banks in our country?
A.
3 years
B.
5 years
C.
7 years
D.
10 years
Ans:
10 years
Explanation :
0
[14]When the conversion rate of our currency goes high in compared to other currency , it is known as-
A.
Rupee Appreciation
B.
Rupee Devaluation
C.
Rupee Demodulation
D.
Rupee Depreciation
Ans:
Rupee Depreciation
Explanation :
0
[15]Relationship between the RBI and the bank maintaining currency chest will be of
A.
Trustee and beneficiary
B.
Creditor and debtor
C.
Licensor and licensee
D.
Principal and agent
Ans:
Principal and agent
Explanation :
0
[16]An increase is CRR by RBI leads to-
A.
Decrease in lendable resource
B.
Increase in lendable resource
C.
Decrease in deposit
D.
Increase in deposit
Ans:
Decrease in lendable resource
Explanation :
0
[17]Domestic Systematically Important Banks (D- SIBs) is announced with the term
A.
Too big to fail
B.
Too big to fall
C.
Too big to pass
D.
Too big to die
Ans:
Too big to fail
Explanation :
0
[18]The headquarters of Industrial Finance Corporation of India(IFCI)
A.
Mumbai
B.
New Delhi
C.
Chennai
D.
Hyderabad
Ans:
New Delhi
Explanation :
0
[19]Economic planning is an essential feature of
A.
Dual economy
B.
Mixed economy
C.
Social economy
D.
Capitalist economy
Ans:
Social economy
Explanation :
0
[20]‗Repo Rate is the rate at which:
A.
The RBI lends to state government
B.
The international aid agencies to RBI
C.
The RBI lends to banks
D.
The banks lend to RBI
Ans:
The RBI lends to banks
Explanation :
0
[21]Which of the following cannot be endorsed?
A.
A fixed deposit receipt
B.
A bank draft
C.
A Promissory note
D.
A usance bill of exchange
Ans:
A fixed deposit receipt
Explanation :
0
[22]On the basis of which commission was RBI established?
A.
Hilton Young Commission
B.
Federal Commission
C.
Federation Commission
D.
British Commission
Ans:
Hilton Young Commission
Explanation :
0
[23]The Commission charged by a broker is ?
A.
Brokerage Interest
B.
Brokerage Fee
C.
Brokerage Profit
D.
Brokerage rate
Ans:
Brokerage Fee
Explanation :
0
[24]Effective from 15th April, 1980, how many banks with demand and time liabilities exceeding 200 crore were nationalized?
A.
five
B.
four
C.
six
D.
ten
Ans:
six
Explanation :
0
[25]The functions of the lead bank are performed by:
A.
SBI
B.
RBI
C.
Any bank
D.
A bank designed for this purpose
Ans:
A bank designed for this purpose
Explanation :
0
Explanation :
0
[14]When the conversion rate of our currency goes high in compared to other currency , it is known as-
A.
Rupee Appreciation
B.
Rupee Devaluation
C.
Rupee Demodulation
D.
Rupee Depreciation
Ans:
Rupee Depreciation
Explanation :
0
[15]Relationship between the RBI and the bank maintaining currency chest will be of
A.
Trustee and beneficiary
B.
Creditor and debtor
C.
Licensor and licensee
D.
Principal and agent
Ans:
Principal and agent
Explanation :
0
[16]An increase is CRR by RBI leads to-
A.
Decrease in lendable resource
B.
Increase in lendable resource
C.
Decrease in deposit
D.
Increase in deposit
Ans:
Decrease in lendable resource
Explanation :
0
[17]Domestic Systematically Important Banks (D- SIBs) is announced with the term
A.
Too big to fail
B.
Too big to fall
C.
Too big to pass
D.
Too big to die
Ans:
Too big to fail
Explanation :
0
[18]The headquarters of Industrial Finance Corporation of India(IFCI)
A.
Mumbai
B.
New Delhi
C.
Chennai
D.
Hyderabad
Ans:
New Delhi
Explanation :
0
[19]Economic planning is an essential feature of
A.
Dual economy
B.
Mixed economy
C.
Social economy
D.
Capitalist economy
Ans:
Social economy
Explanation :
0
[20]‗Repo Rate is the rate at which:
A.
The RBI lends to state government
B.
The international aid agencies to RBI
C.
The RBI lends to banks
D.
The banks lend to RBI
Ans:
The RBI lends to banks
Explanation :
0
[21]Which of the following cannot be endorsed?
A.
A fixed deposit receipt
B.
A bank draft
C.
A Promissory note
D.
A usance bill of exchange
Ans:
A fixed deposit receipt
Explanation :
0
[22]On the basis of which commission was RBI established?
A.
Hilton Young Commission
B.
Federal Commission
C.
Federation Commission
D.
British Commission
Ans:
Hilton Young Commission
Explanation :
0
[23]The Commission charged by a broker is ?
A.
Brokerage Interest
B.
Brokerage Fee
C.
Brokerage Profit
D.
Brokerage rate
Ans:
Brokerage Fee
Explanation :
0
[24]Effective from 15th April, 1980, how many banks with demand and time liabilities exceeding 200 crore were nationalized?
A.
five
B.
four
C.
six
D.
ten
Ans:
six
Explanation :
0
[25]The functions of the lead bank are performed by:
A.
SBI
B.
RBI
C.
Any bank
D.
A bank designed for this purpose
Ans:
A bank designed for this purpose
Explanation :
0
Explanation :
0
[16]An increase is CRR by RBI leads to-
A.
Decrease in lendable resource
B.
Increase in lendable resource
C.
Decrease in deposit
D.
Increase in deposit
Ans:
Decrease in lendable resource
Explanation :
0
[17]Domestic Systematically Important Banks (D- SIBs) is announced with the term
A.
Too big to fail
B.
Too big to fall
C.
Too big to pass
D.
Too big to die
Ans:
Too big to fail
Explanation :
0
[18]The headquarters of Industrial Finance Corporation of India(IFCI)
A.
Mumbai
B.
New Delhi
C.
Chennai
D.
Hyderabad
Ans:
New Delhi
Explanation :
0
[19]Economic planning is an essential feature of
A.
Dual economy
B.
Mixed economy
C.
Social economy
D.
Capitalist economy
Ans:
Social economy
Explanation :
0
[20]‗Repo Rate is the rate at which:
A.
The RBI lends to state government
B.
The international aid agencies to RBI
C.
The RBI lends to banks
D.
The banks lend to RBI
Ans:
The RBI lends to banks
Explanation :
0
[21]Which of the following cannot be endorsed?
A.
A fixed deposit receipt
B.
A bank draft
C.
A Promissory note
D.
A usance bill of exchange
Ans:
A fixed deposit receipt
Explanation :
0
[22]On the basis of which commission was RBI established?
A.
Hilton Young Commission
B.
Federal Commission
C.
Federation Commission
D.
British Commission
Ans:
Hilton Young Commission
Explanation :
0
[23]The Commission charged by a broker is ?
A.
Brokerage Interest
B.
Brokerage Fee
C.
Brokerage Profit
D.
Brokerage rate
Ans:
Brokerage Fee
Explanation :
0
[24]Effective from 15th April, 1980, how many banks with demand and time liabilities exceeding 200 crore were nationalized?
A.
five
B.
four
C.
six
D.
ten
Ans:
six
Explanation :
0
[25]The functions of the lead bank are performed by:
A.
SBI
B.
RBI
C.
Any bank
D.
A bank designed for this purpose
Ans:
A bank designed for this purpose
Explanation :
0
Explanation :
0
[18]The headquarters of Industrial Finance Corporation of India(IFCI)
A.
Mumbai
B.
New Delhi
C.
Chennai
D.
Hyderabad
Ans:
New Delhi
Explanation :
0
[19]Economic planning is an essential feature of
A.
Dual economy
B.
Mixed economy
C.
Social economy
D.
Capitalist economy
Ans:
Social economy
Explanation :
0
[20]‗Repo Rate is the rate at which:
A.
The RBI lends to state government
B.
The international aid agencies to RBI
C.
The RBI lends to banks
D.
The banks lend to RBI
Ans:
The RBI lends to banks
Explanation :
0
[21]Which of the following cannot be endorsed?
A.
A fixed deposit receipt
B.
A bank draft
C.
A Promissory note
D.
A usance bill of exchange
Ans:
A fixed deposit receipt
Explanation :
0
[22]On the basis of which commission was RBI established?
A.
Hilton Young Commission
B.
Federal Commission
C.
Federation Commission
D.
British Commission
Ans:
Hilton Young Commission
Explanation :
0
[23]The Commission charged by a broker is ?
A.
Brokerage Interest
B.
Brokerage Fee
C.
Brokerage Profit
D.
Brokerage rate
Ans:
Brokerage Fee
Explanation :
0
[24]Effective from 15th April, 1980, how many banks with demand and time liabilities exceeding 200 crore were nationalized?
A.
five
B.
four
C.
six
D.
ten
Ans:
six
Explanation :
0
[25]The functions of the lead bank are performed by:
A.
SBI
B.
RBI
C.
Any bank
D.
A bank designed for this purpose
Ans:
A bank designed for this purpose
Explanation :
0
Explanation :
0
[20]‗Repo Rate is the rate at which:
A.
The RBI lends to state government
B.
The international aid agencies to RBI
C.
The RBI lends to banks
D.
The banks lend to RBI
Ans:
The RBI lends to banks
Explanation :
0
[21]Which of the following cannot be endorsed?
A.
A fixed deposit receipt
B.
A bank draft
C.
A Promissory note
D.
A usance bill of exchange
Ans:
A fixed deposit receipt
Explanation :
0
[22]On the basis of which commission was RBI established?
A.
Hilton Young Commission
B.
Federal Commission
C.
Federation Commission
D.
British Commission
Ans:
Hilton Young Commission
Explanation :
0
[23]The Commission charged by a broker is ?
A.
Brokerage Interest
B.
Brokerage Fee
C.
Brokerage Profit
D.
Brokerage rate
Ans:
Brokerage Fee
Explanation :
0
[24]Effective from 15th April, 1980, how many banks with demand and time liabilities exceeding 200 crore were nationalized?
A.
five
B.
four
C.
six
D.
ten
Ans:
six
Explanation :
0
[25]The functions of the lead bank are performed by:
A.
SBI
B.
RBI
C.
Any bank
D.
A bank designed for this purpose
Ans:
A bank designed for this purpose
Explanation :
0
Explanation :
0
[22]On the basis of which commission was RBI established?
A.
Hilton Young Commission
B.
Federal Commission
C.
Federation Commission
D.
British Commission
Ans:
Hilton Young Commission
Explanation :
0
[23]The Commission charged by a broker is ?
A.
Brokerage Interest
B.
Brokerage Fee
C.
Brokerage Profit
D.
Brokerage rate
Ans:
Brokerage Fee
Explanation :
0
[24]Effective from 15th April, 1980, how many banks with demand and time liabilities exceeding 200 crore were nationalized?
A.
five
B.
four
C.
six
D.
ten
Ans:
six
Explanation :
0
[25]The functions of the lead bank are performed by:
A.
SBI
B.
RBI
C.
Any bank
D.
A bank designed for this purpose
Ans:
A bank designed for this purpose
Explanation :
0
Explanation :
0
[24]Effective from 15th April, 1980, how many banks with demand and time liabilities exceeding 200 crore were nationalized?
A.
five
B.
four
C.
six
D.
ten
Ans:
six
Explanation :
0
[25]The functions of the lead bank are performed by:
A.
SBI
B.
RBI
C.
Any bank
D.
A bank designed for this purpose
Ans:
A bank designed for this purpose
Explanation :
0
Explanation :
0