Question 1

The head of the Reserve Bank of India is called

Accepted Answer

A) Chairman 
B) President 
C) Governor 
D) Councillor 
A) Chairman 
B) President 
C) Governor 
D) Councillor C

Question 2

Bank draft is issued by

Accepted Answer

A) Private Sector Bs 
B) Regional Rural Bs 
C) Public sector Bs 
D) All of the above 
A) Private Sector Bs 
B) Regional Rural Bs 
C) Public sector Bs 
D) All of the above D

Question 3

Two types of Commercial banks have been stipulated by Section_______ of the Reserve Bank of India Act, 1934:

Accepted Answer

A) 42(6)(b) 
B) 24(6)(b) 
C) 42(6)(a) 
D) 24 (6)(a) 
A) 42(6)(b) 
B) 24(6)(b) 
C) 42(6)(a) 
D) 24 (6)(a) C

Question 4

What is bank rate?

Accepted Answer

A) Rate at which a Central Bank lends money to Central Government 
B) Rate at which a Central Bank lends money to commercial banks 
C) Rate at which a Central Bank lends money to State Government 
D) Rate of Interest at which a Central Bank accepts deposits from Commercial Banks 
A) Rate at which a Central Bank lends money to Central Government 
B) Rate at which a Central Bank lends money to commercial banks 
C) Rate at which a Central Bank lends money to State Government 
D) Rate of Interest at which a Central Bank accepts deposits from Commercial Banks

Question 5

14th Major commercial banks were nationalized in 19th July

Accepted Answer

A) 1959 
B) 1969 
C) 1979 
D) 1989 
A) 1959 
B) 1969 
C) 1979 
D) 1989

Question 6

The right of set-off customers account can be exercised only by a

Accepted Answer

A) Creditors 
B) Debtors 
C) Banker 
D) Customer 
A) Creditors 
B) Debtors 
C) Banker 
D) Customer

Question 7

______________ is the right of a person to retain the property of another person in his possession untill the debt from that owner of that property is repaid

Accepted Answer

A) Lien 
B) Retainment 
C) Retrenchment 
D) Libel 
A) Lien 
B) Retainment 
C) Retrenchment 
D) Libel

Question 8

Which of the following are the special relationship of banker and customer:

Accepted Answer

A) Banker?s obligation to honour cheques 
B) Banker lien 
C) Bankers duty to maintain secrecy of customer?s accounts 
D) All of these 
A) Banker?s obligation to honour cheques 
B) Banker lien 
C) Bankers duty to maintain secrecy of customer?s accounts 
D) All of these

Question 9

Agency services rendered by a bank to its customers as their agent include:

Accepted Answer

A) Receipt of deposits 
B) Act as executors of wills 
C) Issue letters of credit 
D) Purchase foreign exchange 
A) Receipt of deposits 
B) Act as executors of wills 
C) Issue letters of credit 
D) Purchase foreign exchange

Question 10

Commercial Banks make money available to public by

Accepted Answer

A) A.T.M 
B) Honouring cheques 
C) Issuing money on demand from Savings A/c 
D) giving out loan 
A) A.T.M 
B) Honouring cheques 
C) Issuing money on demand from Savings A/c 
D) giving out loan

Question 11

When the cash reserve ratio (CRR) is increased by the RBI, it will:

Accepted Answer

A) Increase the supply of money in the economy 
B) Decrease the supply of money in the economy 
C) No impact on the supply of money in the economy 
D) Initially increase the supply but later on decrease automatically. 
A) Increase the supply of money in the economy 
B) Decrease the supply of money in the economy 
C) No impact on the supply of money in the economy 
D) Initially increase the supply but later on decrease automatically.

Question 12

Which bank has given the instructions to the commercial banks regarding the immediate credit of outstation cheque?

Accepted Answer

A) RBI 
B) Central Bank 
C) World Bank 
D) All of the above 
A) RBI 
B) Central Bank 
C) World Bank 
D) All of the above

Question 13

Quantitative measure for credit control by the RBI includes:

Accepted Answer

A) Discriminatory Interest Rate 
B) Ceiling on Credit 
C) Cash Reserve Ratio 
D) Directives 
A) Discriminatory Interest Rate 
B) Ceiling on Credit 
C) Cash Reserve Ratio 
D) Directives

Question 14

There are three parties to a bank draft:

Accepted Answer

A) The drawer bank branch, The drawee bank branch, The payee 
B) The drawee bank branch, the payee, the purchaser of the draft 
C) The payee, the purchaser of the draft, the drawer bank branch 
D) The drawer bank branch, the drawee bank branch, the purchaser of the draft 
A) The drawer bank branch, The drawee bank branch, The payee 
B) The drawee bank branch, the payee, the purchaser of the draft 
C) The payee, the purchaser of the draft, the drawer bank branch 
D) The drawer bank branch, the drawee bank branch, the purchaser of the draft

Question 15

One of the main aim of a Central Bank is to control inflation, what does „inflation? mean?

Accepted Answer

A) Saving income 
B) Increase export 
C) Maintain foreign currency 
D) Rising Price 
A) Saving income 
B) Increase export 
C) Maintain foreign currency 
D) Rising Price

Question 16

___________are the banks whose main objectives is to provide financial assistance to economically weaker sections of the society.

Accepted Answer

A) Co-operative B 
B) Commercial B 
C) Industrial B 
D) Development B 
A) Co-operative B 
B) Commercial B 
C) Industrial B 
D) Development B

Question 17

The RBI commenced its operation from 1st April

Accepted Answer

A) 1955 
B) 1925 
C) 1935 
D) 1945 
A) 1955 
B) 1925 
C) 1935 
D) 1945

Question 18

The Governor of the Reserve Bank of India currently is:

Accepted Answer

A) Raghuram G.Rajan 
B) Urjit Patel 
C) Shaktikanta Das 
D) NirmalaSitharaman 
A) Raghuram G.Rajan 
B) Urjit Patel 
C) Shaktikanta Das 
D) NirmalaSitharaman

Question 19

Commercial Bank as the name suggest is a bank functioning for

Accepted Answer

A) Social welfare 
B) Public interest 
C) Profit motive 
D) Growth of industry 
A) Social welfare 
B) Public interest 
C) Profit motive 
D) Growth of industry

Question 20

The main objective of the Reserve Bank of India is:

Accepted Answer

A) accept deposits from the public 
B) give loans and advances 
C) maintain price stability 
D) provide remittance facilities 
A) accept deposits from the public 
B) give loans and advances 
C) maintain price stability 
D) provide remittance facilities

The head of the Reserve Bank of India is called

Bank draft is issued by

Two types of Commercial banks have been stipulated by Section_______ of the Reserve Bank of India Act, 1934:

What is bank rate?

14th Major commercial banks were nationalized in 19th July

The right of set-off customers account can be exercised only by a

______________ is the right of a person to retain the property of another person in his possession untill the debt from that owner of that property is repaid

Which of the following are the special relationship of banker and customer:

Agency services rendered by a bank to its customers as their agent include:

Commercial Banks make money available to public by

When the cash reserve ratio (CRR) is increased by the RBI, it will:

Which bank has given the instructions to the commercial banks regarding the immediate credit of outstation cheque?

Quantitative measure for credit control by the RBI includes:

There are three parties to a bank draft:

One of the main aim of a Central Bank is to control inflation, what does „inflation? mean?

___________are the banks whose main objectives is to provide financial assistance to economically weaker sections of the society.

The RBI commenced its operation from 1st April

The Governor of the Reserve Bank of India currently is:

Commercial Bank as the name suggest is a bank functioning for

The main objective of the Reserve Bank of India is:

Banking Terms and Concepts: From Demand Deposits to Central Banks and Rtgs

Banking and Finance Terminology

Banking and Cheque-Related

Banking Terminology and Functions

Banking and Insurance

Understanding Insurance and Its Components

Insurance Policy Types and Terms

Insurance Terminology and Concepts

Banking History and Classification in India

Banking and Financial Services: A Compilation of Questions

Banking and Finance FAQS

Banking, Monetary Policy, Cooperative Banks, Credit Control, Insurance, and Risks

Insurance Principles, Functions, and Benefits

Insurance Sector and Policies: A Comprehensive Overview

Understanding Principles and Types of Insurance Policies

Filters

Exam 12: Various Questions on Banking and Reserve Bank of India

The head of the Reserve Bank of India is called

Bank draft is issued by

Two types of Commercial banks have been stipulated by Section_______ of the Reserve Bank of India Act, 1934:

What is bank rate?

14th Major commercial banks were nationalized in 19th July

The right of set-off customers account can be exercised only by a

______________ is the right of a person to retain the property of another person in his possession untill the debt from that owner of that property is repaid

Which of the following are the special relationship of banker and customer:

Agency services rendered by a bank to its customers as their agent include:

Commercial Banks make money available to public by

When the cash reserve ratio (CRR) is increased by the RBI, it will:

Which bank has given the instructions to the commercial banks regarding the immediate credit of outstation cheque?

Quantitative measure for credit control by the RBI includes:

There are three parties to a bank draft:

One of the main aim of a Central Bank is to control inflation, what does „inflation? mean?

___________are the banks whose main objectives is to provide financial assistance to economically weaker sections of the society.

The RBI commenced its operation from 1st April

The Governor of the Reserve Bank of India currently is:

Commercial Bank as the name suggest is a bank functioning for

The main objective of the Reserve Bank of India is:

Banking Terms and Concepts: From Demand Deposits to Central Banks and Rtgs

Banking and Finance Terminology

Banking and Cheque-Related

Banking Terminology and Functions

Banking and Insurance

Understanding Insurance and Its Components

Insurance Policy Types and Terms

Insurance Terminology and Concepts

Banking History and Classification in India

Banking and Financial Services: A Compilation of Questions

Banking and Finance FAQS

Banking, Monetary Policy, Cooperative Banks, Credit Control, Insurance, and Risks

Insurance Principles, Functions, and Benefits

Insurance Sector and Policies: A Comprehensive Overview

Understanding Principles and Types of Insurance Policies

Filters