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RBI
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01. The bank
branches which can undertake foreign exchange business directly are known as approved dealers in foreign exchange
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02. Insurance
cover for bank deposits in the country is provided by DICGC
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03. Deposit Insurance and Credit Guarantee
Corporation of India Limited is called as DICGC
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04. The financial literacy includes the
following namely; how to invest the funds; how to use the limited funds
carefully; how to minimize the risks and how to reinvest the money earned
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05. The loans of
very small amounts given to low income group is called as – Micro credit
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06. When a banker
talks about CDR, CDR is meant – Corporate
Debt Restructuring.
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07. ALM is called
as Asset Liability Management
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08. Cash Reserve Ratio and Statutory
Liquidity Ratio are terms most closely related to the following
industries/markets – Banking industry
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09. CRR and SLR are not related to
capital market, commodities market, money market and mutual fund industry
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10. The letter
“L” available in the term LAF commonly used in financial/economic news is
called as– Liquidity
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11. LAF means liquidity adjustment facility
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12. The banking ombudsman resolves the
complaints of the customers in regard to services provided by the banks
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13. Public sector
bank, foreign bank, private sector bank and regional rural bank are
classified as commercial banks
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14. Urban cooperative bank is not a
commercial bank
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15. SEBI means Securities and Exchange Board of India.
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16. Money laundering means – the process
of conversion of money obtained illegally to appear to have originated from
legitimate sources
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17. Monetary
policy as an arm of the economic policy is administered by – Reserve Bank of India
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18. The following
is not a primary function of a bank – Facilitating
import of goods
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19. The following
are the functions of banks – accepting
deposits; granting loans; collecting cheques; issuing drafts; selling
gold/silver coins
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20. The following
represent the correct meaning of Repo rate – Rate for borrowing rupees by banks from RBI
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21. The reserves
which can act as a liquidity buffer for commercial banks during crisis times
are CRR and SLR
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22. Savings bank accounts are opened by
individuals for savings purposes
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23. A customer
drawing a cheque on a bank has the right
to stop payment of the cheque before it is paid
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24. The following
are the functions of a commercial bank namely; providing project finance; settlement of payments on behalf of the
customers; issuing credit and debit cards to the customers and providing
services such as locker facilities and remittances
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25. Commercial
banks do not undertake the following functions: deciding policy rates like CRR, SLR and repo rates
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26. Reserve Bank
of India undertakes the following rates: CRR;
SLR and repo rates
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27. The
conversion of money which is illegally obtained is called as – money laundering
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28. For purchase
of white goods, the following loan is granted by the banks – consumer durables loan
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29. A cheque
which has completed the stipulated validity period of the cheque is called as
– stale cheque (The validity period is
3 months as at present)
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30. Ganesh has
been nominated in the savings bank account of Vijaya and Ganesh requests the
bank authorities to allow him to operate Vijaya’s account as she is found to
be unwell. What will the bank do? – As
nomination will come into effect only after the death of the depositor, the
bank will not permit
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31. The following
is a measure taken by RBI in order to control inflation in the country – raising of Repo and Reverse Repo rates.
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32. What do you
understand by the term called as mortgage ?– Making the security of immovable property available as a cover for
a home loan availed by the borrower
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33. The following
constitutes the largest percentage of retail loans in the country – Home loans
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34. The credit
risk to the bank is high from which of these cards – Credit cards
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35. Depreciation
of an asset does not occur on account of the following namely; fire in the unit; theft; labour
trouble; wear and tear;
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36. The following
are the sources of finance for any commercial bank – capital, borrowings from RBI, deposits and cash reserves with RBI
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37. Call money borrowings – is not the
source of finance for any commercial bank
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38. The rate at
which the domestic currency can be converted into foreign currency and vice
versa is known as the – exchange rate
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39. ARCIL – is the asset reconstruction company
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40. IRDA – Insurance Regulatory Development
Authority
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41. BCSBI – Banking Codes and Standards Board of
India
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42. CIBIL – Credit Information Bureau of India
Limited
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43. Exchange rate is the term used in the
field of economics
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44. The non
performing assets of any bank are called as – sub standard assets, doubtful assets and loss assets
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45. The
performing assets of any bank are called as – standard assets
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46. The crossing on a cheque can be cancelled
by the drawer of the cheque under his full signature
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47. Banks can
accept both demand and time deposits
from the public
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48. Interest payable on savings bank is
not regulated by RBI
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49. The usual
deposit accounts of the banks are – current
accounts, savings accounts and term deposit accounts
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50. The fixed deposits, reinvestment deposits
and recurring deposits are repayable after an agreed period.
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