Cash Reserve Ration (CRR) funds are kept by the Banks in

1)       Cash in hands at branches

2)       Balances with other banks

3)       Balance in a special account with RBI

4)       Funds in the currency chest

5)       None of the above

Who said the nationalization of banks is the 'masterstroke of political sagacity'?

1)       Raj Narayan

2)       Jayprakash Narayan

3)       Indira Gandhi

4)       JL Nehru

5)       None of them

Which of the following is no one of the RBI directives on Clean Note policy?

1)       Currency note packets are not to be stapled and secured with paper bands

2)       Water mark window of bank notes shall not contain any writing

3)       Soiled notes are to be stapled before they are remitted to currency chest

4)       Currency notes are to be sorted in to issuable and non-issuable notes

5)       None of the above

Which banks are referred as the Schedule Banks?

1)       Included in the 2nd schedule of the Banking Regulation Act 1949

2)       Included in the 2nd schedule of the Reserve Bank of India Act 1934

3)       Included in the 2nd schedule of the Companies Act 1956

4)       Included in the Bank Nationalization Act 1969

5)       None of these

The Interest on Recurring Deposit is paid on the basis of?

1)       Simple Interest calculated monthly basis

2)       Simple Interest on monthly product basis

3)       Interest Calculated on daily product basis

4)       Quarterly Compounding

5)       None of these

Bad Debts mean?

1)       Amounts owe to a company that are not going to be paid

2)       Amounts owe to a company that are going to be paid

3)       Amounts owe to a company that are going to be paid within 2 years

4)       Amounts owe to a company that are going to be paid within 8 years

5)       None of the above

When Banks accept a fixed sum of money from an Individual for a definite term and pay on Maturity with interest, the deposit is known as ?

1)       Demand Deposit

2)       Term Deposit

3)       Mortgage

4)       Advances

5)       Bond

Many times we read in newspapers that several companies are adopting the FCCB's route to raise capital. What is the full form of FCCBs?

1)       Financial Consortium and Credit Bureau

2)       Foreign convertible credit bonds

3)       Foreign Currency Convertible Bonds

4)       Future Credit and Currency Bureau

5)       None of these

Inflation in India is measured on which of the following Indexes/ Indicators?

1)       Cost of living index (COLI)

2)       Consumer Price Index (CPI)

3)       Gross Domestic Product (GDP)

4)       Wholesale Price Index (WPI)

5)   None of these

Which of the following is a function of the agent bank relating to flow of money in the process of loan syndication?

1)       Calling of loans in the event of default

2)       Receiving notices relating to cancellation of any part of the loan

3)       Receiving notices relating to transfers of banks

4)       Receiving the fees from the borrower and distributing among the participating banks

5)       None of the above

Regional Rural Banks (RRBs) have been setup with the basic objectives of ?

1)       Providing Deposit facilities to farmers

2)       Providing credit to semi urban and urban population

3)       providing credit, deposit and other banking facilities to people in rural areas

4)       Providing credit and deposit facilities to rural areas

5)   None of them