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- First bank started in India with solely Indian capital investment is :
- Bank of Baroda
- Punjab National Bank
- Punjab & Sind Bank
- Central Bank of India
- Canara Bank
- The banker acts as a Bailee and the customer as Bailor, this relationship is applicable :
- when a bank lends funds to a corporate customer
- when a bank accepts US$ FCNR deposits form a NRI customer
- when a customer operates a safe deposit locker
- when a customer keeps articles in safe custody with a bank
- None of the above
- Which of the following is not a financial intermediary ?
- Banks
- Financial institutions
- Mutual funds
- Non-bank finance companies
- Companies engaged in manufacturing of good
- A customers lost the Fixed Deposit Receipt issued by the bank. To obtain a duplicate FD he needs to furnish :
- A Promissory note
- A collateral security
- A Letter of Credit
- An Indemnity bond
- Counter guarantee by the customer
- Reserve Bank of India's functions are classified into :
- Supervisory & Regulatory
- Promotional & Developmental
- Refinance Activities
- 1 & 2 only
- 1, 2 & 3
- The scope of activities undertaken by the business correspondents will not include :
- Disbursal of small value credit
- Recovery of principal / collection of interest
- Collection of small value deposits
- Payment of money on demand drafts not exceeding Rs. 1,000
- None of the above
- In strategic Alliance, the alliance partners :
- Merge with each other
- One partner acquires the other
- Remain separate entities
- Amalgamate with one another
- None of the above
- A company which pools money from investors and invests in stocks, bonds, shares is called :
- A bank
- An insurance company
- Bank assurance
- Mutual Fund
- None of the above
- Mr. X who is an Ordinary SB account holder of a branch wants to nominate Mr. Y, an U.S. national, who is his friend. Is that allowed ?
- Yes it is freely permitted
- Yes it is freely permitted, but at the time of settlement of claim and repatriation to the nominee, branch has to take RBI permission
- Yes it is freely permitted, subject to Regional office approval
- Yes it is freely permitted, subject to CO approval
- No it cannot be allowed
- In a cheque, the word "Order" is changed to "bearer" by the holder of the cheque. This is called as :
- Endorsement
- Material alteration
- Crossing
- Special Crossing
- Allonge
- If a customer dies without leaving a will and the court appoints a person to handle the customer's Property. Such a person is called as :
- An administrator
- An executor
- A liquidator
- A successor
- An Authorised Officer
- Garnishee order is issued by :
- Judgment Debtor
- Judgment Creditor
- Reserve Bank of India
- The Court
- Income Tax Department
- One of the NRI customers wants to place FCNR deposits in Canadian $ with a bank. Can the account be opened in Canadian Dollars ?
- Yes, his request can be accept-ed and open a FCNR a/c
- No, Bank can not accept his request to open FCNR a/c in Canadian $
- Will inform the customer to place FCNR in any one of the currencies (US$/ GBP/ JPY/ EUR)
- Can open after seeking permission from Head Office
- Can open after obtaining clearance from RBI
- Which of the following is the the First Paper Currency Note issued by the RBI bearing the portrait of King George VI ?
- Two Rupee Note
- Five Rupee Note
- Ten Rupee Note
- Twenty Rupee Note
- Fifty Rupee Note
- Which of the following is the scheme for skill development of minorities ?
- Padho aur kamao
- Seekho aur kamao
- Kamao aur jiyo
- Padho aur Seekho
- None of the above
- Capital adequacy is worked out based on :
- Total demand and time liabilities
- Net demand and time assets
- Risk weighted assets
- Risk weighted liabilities
- None of the above
- A Co-Operative Bank operating in different States are regulated by :
- State Co-Operative Societies Act
- Banking Regulation Act
- Multi Unit Co-Operative Societies Act
- Banking Laws (applicable to Co-Operative Societies)
- RBI Act 1934
- If a cheque is accidentally torn by the drawer, the cheque ____________
- Can't be paid
- Can be paid, if the holder con-firms the mutilation
- Can be paid, if the drawer con-firms the mutilation and if otherwise in order
- Can't be paid, even if the drawer confirms the mutilation and otherwise in order
- None of the above
- Tele banking is not based on :
- Virtual banking,
- Voice processing,
- Online banking
- 1 & 3
- None of the above
- Cash payment of Term deposits is possible, if the amount doesn't exceed Rs.:
- 20,000
- 25,000
- 30,000
- 40,000
- 50,000
- Balance in a current account is classified as :
- Hybrid deposit
- Term deposit
- Demand deposit
- Flexi deposit
- None of the above
- The rate at which domestic currency can be converted in to foreign currency and vice-versa is known as:
- LIBOR
- Base Rate
- Repo Rate
- Exchange Rate
- Inter Bank Call Money Rate
- Hypothecation is applicable in the case of ___________________
- Movable goods
- Immovable property
- Loan against Insurance Policies
- Corporate guarantee
- Gold Loan
- The minimum percentage of Priority Sector advances to be maintained by foreign banks in India with less than 20 branches is ________________
- 40%
- 18%
- 32%
- 50%
- 60 %
- One of the State Government avails of a temporary financial assistance from Reserve Bank of India. This type of finance is called :
- Overdraft
- Temporary loan
- Short term finance
- Ways and Means advance
- Repo
- Which one of the following is known as 'Demat' account ?
- Account in which shares are held in electronic form
- Other than those given as options
- Account allowed to be operated by guardian of minor
- Account operated by business correspondents in rural
- None of the above
- External commercial borrowings are governed under :
- Foreign Exchange Regulation Act
- Securitisation and Reconstruction of Financial assets and enforcement of security inter-est Act
- Debt Recovery Tribunal Act
- Foreign exchange management Act
- None of the above
- Maximum Bank Rate that can be declared by the Reserve Bank of India is :
- 6%
- 20%
- 25%
- 1% over MCLR
- No such ceiling
- Obligation of a Banker to maintain secrecy is applicable to :
- Only in case of existing deposit accounts
- Only in respect existing loan accounts
- Only in case of closed accounts
- All types of deposit/loan accounts (existing/closed)
- No need of maintaining secrecy to exhibit transparency in banking transactions
- A mortgage involves :
- Transfer of ownership
- Transfer of interest in Immovable property
- Transfer of possession
- 1 & 3
- None of the above
- Bank A allows one of its clients to withdraw against clearing of a cheque. The banker is called as :
- Collecting Banker
- Holder in due course
- Holder for value
- Reimbursement banker
- Paying Banker
- As per the provisions of NI Act,1881 a banker gets protection for payment of a cheque only if it is a :
- Holder in due course
- Payment in due course
- Holder for value
- Not Negotiable Instrument
- All of the above
- SARFAESI Act 2002 is applicable to :
- All states excluding Jammu and Kashmir
- All states including Jammu and Kashmir
- All Banks including Foreign Banks and RRBs
- Only Union Terrirories
- 2 & 3
- Management of a Bank vests with :
- Reserve Bank of Indian
- Asset Liability Committee (ALCO)
- Board of Directors
- Share Holders
- 1 & 4
- Raj Sekhar, gives a written stop payment instructions of a cheque Rs. 50/- to his banker. This should be treated by the bank as :
- A request from Sekhar
- An intimation from Sekhar
- An advice from Sekhar
- A mandate from Sekhar
- None of the above as the stop payment is for a small amount
- Banks can grant loans against :
- LIC Policy
- CDs
- FD issues other bank
- Mutual fund
- All the above
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