Deck 4: Banking Terminology and Concepts

Question 1

Garnishee order is issued by

A)state govt.
B)central govt.
C)rbi
D)court of law

Answer 1

court of law

Question 2

Scheduled bank is one.................

A)which is included in ii schedule of rbi
B)which is included in ii schedule of banking regulation act
C)institution dealing in money
D)which gives loan to sc/st

Answer 2

which is included in ii schedule of rbi

Question 3

SBI was set up by nationalising

A)bank of calcutta
B)imperial bank
C)national provincial bank
D)bharath bank

Answer 3

imperial bank

Question 4

A bankers lien is

A)general
B)particular
C)proportional
D)specific

Question 5

Number of subsidiary banks of SBI is

A)5
B)10
C)14
D)7

Question 6

Signature of one rupee note is of.....

A)rbi governor
B)finance secretary
C)president of india
D)finance minister

Question 7

Origin of banking is said to be closely connected with

A)arabs
B)romans
C)indians
D)jews

Question 8

The best example of pure commercial banking is

A)british banking
B)german banking
C)indian banking
D)japanese banking

Question 9

Which country's banking is regarded as best example of mixed banking

A)germany
B)usa
C)britain
D)india

Question 10

Money at call is otherwise known as..........

A)overdraft
B)overnight money
C)credit card
D)cash credit

Question 11

............ bank is one which specialise in financing foreign trade of a country

A)unit
B)branch
C)overseas
D)exchange

Question 12

"A central bank is an institution charged with responsibility of regulating supply and cost of money in the interest of general public". This definition was made by;

A)h l hart
B)keynes
C)john paget
D)dudley johnson

Question 13

Commercial bank can be either unit banking type or ----------- banking type.

A)central
B)branch
C)specialised
D)rural

Question 14

Discounting of bills of exchange is.......... function of commercial banks

A)lending
B)borrowing
C)investment
D)agency

Question 15

Industrial banks are also called .......... as they subscribing the securities issued by the industrial concerns.

A)share banks
B)loan banks
C)development banks
D)investment bank

Question 16

IDBI and IFCI are examples of...........

A)commercial bank
B)co-operative bank
C)industrial bank
D)unit bank

Question 17

Payment of premium by a commercial bank is a part of their........ System.

A)deposit
B)agency
C)exchange
D)utility

Question 18

Unit banks are linked with bigger banks by a system called........

A)mixed banking
B)group banking
C)correspondent banking
D)network banking

Question 19

Bank is a "factory" of.............

A)cash
B)coins
C)credit
D)deposit

Question 20

NPA stands for.............

A)normal profit achievement
B)nonperforming assets
C)non profit advances
D)non performing agents

Question 21

Commercial banks act as income tax consultant. This is a.............. function.

A)lending
B)utility
C)agency
D)demand.

Question 22

.......... Ratio refers to that portion of total deposits of commercial bank which it has to keep with central bank in the form of cash reserve.

A)slr
B)crr
C)plr
D)repo

Question 23

Non Banking Financial Corporation's (NBFCs) are otherwise known as...........

A)narrow banks
B)para banks
C)virtual banks
D)link banks

Question 24

Maximum period for which deposits can be obtained by a NBFC is

A)5 years
B)15 years
C)10 years
D)2 years