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- The payment of a lost demand draft is made to the _____________ ?
- Purchaser
- Payee
- Nominee
- Any of the above
- None of these
- In the case of granting loan against a life insurance policy, the banker should see _____________ ?
- The existence of insurable interest
- The surrender value
- The admission of age
- All of the above
- None of the above
- When a debtor owes several debts to a banker and makes a payment, the right to appropriation lies with _____________ ?
- In terms of Section 31 of the Reserve Bank of India Act, 1934 a demand draft payable to bearer may be issued only by _____________?
- Nationalized Banks
- Scheduled Commercial Banks
- Reserve Bank of India
- Foreign Banks
- None of the Above
- Unsigned demand draft is presented for payment, the drawee branch will _____________?
- Honour it
- Dishonour it since it does not have a mandate of the drawer bank to pay it.
- Honour it after seeking confirmation from the collecting bank
- Honour it if it is for small amount
- None of the above
- When was SBI established ?
- 1st April 1935
- 31st July 1969
- 5th May 1955
- 1st July 1955
- None of the above
- The maximum number of partners in a non-banking partnership firm is ?
- 20
- 10
- 25
- 11
- None of the above
- Relationship between the RBI and the bank maintaining currency chest will be of _____________
- Trustee and beneficiary
- Principal and agent
- Licensor and licensee
- Creditor and debtor
- None of the above
- An executor of deceased account is appointed under _____________ ?
- Trust
- Court
- Will
- Family tradition
- None of the above
- In Mutual Funds, NAV price of _____________ ?
- Entire fund value
- One unit of a fund
- Surrender value
- Average value of shares
- Dividends paid in a year
- In order to enable private sector banks to attract and retain professional directors, the Reserve Bank has issued guidelines on compensation for non-executive Directors for implementation by private sector banks, that will reflect market realities and will be within the parameters specified in the :
- Banking Regulation Act, 1949
- The Indian Companies Act, 2013 (Amended)
- RBI Act 1934
- As per the directives of Indian Banks Association
- Both 1 & 2
- Cash deposit ratio means _____________
- The percentage of cash-in-hand-balance with the Central Bank to the aggregate deposits
- The percentage of total deposits received by Banks
- The percentage of total cash money received as deposits by banks
- All the above
- None of the above
- The full form of SREP used in Basel framework is _____________
- Standard Review and Evaluation Process
- Supervisory Review and Evaluation Process
- Standardised Revision and Evaluation Practice
- Supervisory Review and Electronic Process
- None
- In case of a usance bill a grace period of _____________ will be allowed to calculate due date of payment.
- 3 days
- 2 days
- 1 day
- 4 days
- None of the above
- In the case of FCNR accounts the payment of interest is effected in _____________
- Indian Rupee
- Only in Pound (£)
- Same currency in which deposit stands
- Yen
- None
- Working capital requirement depends upon _____________
- Level of activity
- Types of business carried
- Nature of Production cycle
- All the above
- None
- In which of the Acts, specimen of the cheque, bill, promissory note is given ?
- Negotiable Instruments Act
- Banking Regulation Act
- Mercantile Law
- All of the above
- None
- RBI permitted CBS-enabled Co-operative Banks to issue ATM cards in tie-up with :
- State Bank of India
- Any Nationalised Bank
- A sponsor bank
- NABARD
- 2 & 3
- Who headed the RBI panel that has submitted its report titled 'Data Format for Furnishing of Credit Information to Credit In-formation Companies'.
- Urjit Patel
- A.K.Sharma
- Aditya Puri
- R.Gandhi
- None of these
- After acceptance of a bill, the primary liability on a Bill of Exchange is that of _____________
- Payee
- Acceptor
- Drawee
- Endorsee
- All of the above
- The main function of an Asset Management Company is to :
- hold the securities of various schemes
- manage the funds by making investments in various types of securities
- hold its property for the benefit of the unit holders
- act on behalf of SEBI
- All the above
- What is the limitation of the number of persons in a joint savings bank account ?
- Two
- Four
- Five
- Twenty
- No limit
- The minimum period under which a term deposit under Reinvestment Plan can be issued is _____________
- 24 months
- 12 months
- 6 months
- 9 months
- None
- A minor is admitted to the partnership firm as _____________
- Agent
- Partner
- Minor
- Beneficiary
- None
Shared by Shravan Varma Gadiraju
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