Dishonoured cheque
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Bill of exchange
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Q 1. What will happen if there is an increase in Cash Reserve
Ratio (CRR)
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A. Their will be a decrease in lendable resources
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Q 2. Why Reserve Bank of India (RBI) also known as lender of
last resort
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A. As RBI is also known as Banker of Banks, it provides
emergency advances to the banks during the time of crisis.
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Q 3. Whenever a bank returns a cheque unpaid, then what that
cheque is called
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A. Dishonour Cheque
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Q 4. Which is the third largest public sector bank of India
|
A.
Punjab National Bank (PNB), whereas Bank of Broda stood 2nd and SBI on 1st
position.
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Q 5. What does ASBA stands for
|
A.
Application Supported by Blocked Amount
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Q 6. In which year RBI announced Banking Ombudsman scheme
|
A.
1995
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Q 7. What is the percentage of Foreign Direct Investment (FDI)
in private sector banks
|
A.
74%
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Q 8. How many directors are associated with reserve Bank of
India
|
A.
20
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Q 9. Which policy is adopted by RBI during Inflation
|
A.
Dear Money Policy
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Q 10. What is the main function of World Bank
|
A.
To promote the growth of international trade
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Q 11. Which negotiable instruments can be crossed to banks
|
A.
Bill of Exchange
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Q 12. Which act is associated with problem of Non Performing
Assets
|
A.
Banking Regulation Act, 1949
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Q 13. Savings account is also known as
|
A.
Common man account
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Q 14. What are linked accounts
|
A.
Accounts which are linked together within a same bank fir transferring money
electronically.
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Q 15. Why banking ombudsman scheme launched
|
A.
The scheme was announced to resolve customer complaints with the services of
banks.
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Q 16. Why KYC is launched by RBI
|
A.
RBI announced Know Your Customer (KYC) to ensure the correct identity of the
customer.
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Q 17. Goods and Services Tax would replace which tax
|
A.
Value Added Tax
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Q 18. What does FRBM stands for
|
A.
Fiscal Responsibility and Budget Management
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