Question 1

In banking sector, KYC stands for&#10;A)kid and young customers&#10;B)know youth creditors&#10;C)know your customers&#10;D)know your cash requirements.

Accepted Answer

KYC stands for "Know Your Customer," which is a process used by banks and financial institutions to verify the identity of their clients and understand their financial dealings to prevent money laundering activities.

Question 2

The process of replacing physical cheque with electronic cheque is..........&#10;A)demat&#10;B)remat&#10;C)truncation&#10;D)securitisation

Accepted Answer

Truncation is the process of stopping the flow of the physical cheque in its way of clearing and replacing it with an electronic image of the cheque. This process is used to speed up the cheque clearing process.

Question 3

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFASIA) came into effect on.............&#10;A)jan 2002&#10;B)june 2002&#10;C)may 2000&#10;D)april 2001

Accepted Answer

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI) came into effect in June 2002.

Question 4

Commission recommended for the formation of RBI is&#10;A)narasimham commission&#10;B)tandem commission&#10;C)hil ton young commission&#10;D)none of these.

Accepted Answer

The Hilton Young Commission recommended the formation of the Reserve Bank of India (RBI) in 1926.

Question 5

Dues made by debtors are...............&#10;A)npa&#10;B)nps&#10;C)crr&#10;D)plr

Accepted Answer

NPA stands for Non-Performing Assets, which refers to loans or advances that are in default or in arrears. When debtors fail to make due payments, the dues can become NPAs.

Question 6

---------- represents the rate at which the central bank absorbs liquidity from the banks&#10;A)repo&#10;B)crr&#10;C)plr&#10;D)reverse repo

Accepted Answer

The reverse repo rate is the rate at which the central bank absorbs liquidity from the banks by borrowing money from them.

Question 7

The first foreign bank which introduced merchant bank in India is&#10;A)grindlays bank&#10;B)hsbc&#10;C)city bank&#10;D)ceylon bank

Accepted Answer

Grindlays Bank, now known as Standard Chartered Bank after its merger, was the first foreign bank to introduce merchant banking services in India, marking a significant milestone in the Indian banking sector.

Question 8

The first Indian public sector bank which introduced its own merchant bank division in India&#10;A)canara bank&#10;B)pnb&#10;C)sbi&#10;D)syndicate bank

Accepted Answer

State Bank of India (SBI) was the first Indian public sector bank to introduce its own merchant banking division in 1972.

Question 9

Which of the following is quantitative measure of credit control of RBI&#10;A)direct action&#10;B)moral suasion&#10;C)open market operation&#10;D)margin requirement

Accepted Answer

Open market operations involve the buying and selling of government securities in the open market to control the money supply, which is a quantitative measure.

Question 10

Banking Regulation Act passed in the year&#10;A)1969&#10;B)1934&#10;C)1949&#10;D)1956

Accepted Answer

The Banking Regulation Act was passed in the year 1949.

Question 11

The first development bank in India is&#10;A)idbi&#10;B)ifci&#10;C)icici&#10;D)sidbi

Accepted Answer

The answer of The first development bank in India is&#10;A)idbi&#10;B)ifci&#10;C)icici&#10;D)sidbi...

Question 12

ICICI was established in the year&#10;A)1980&#10;B)1948&#10;C)1955&#10;D)1964

Accepted Answer

The answer of ICICI was established in the year&#10;A)1980&#10;B)1948&#10;C)1955&#10;D)1964...

Question 13

SIDBI was established as a wholly owned subsidiary of..........&#10;A)ifci&#10;B)sfc&#10;C)idbi&#10;D)rbi

Accepted Answer

The answer of SIDBI was established as a wholly owned...

Question 14

The apex development bank in India is&#10;A)ifci&#10;B)idbi&#10;C)sidbi&#10;D)rbi

Accepted Answer

The answer of The apex development bank in India is&#10;A)ifci&#10;B)idbi&#10;C)sidbi&#10;D)rbi...

Question 15

The apex financial institution in India is&#10;A)ifci&#10;B)idbi&#10;C)nabard&#10;D)rbi

Accepted Answer

The answer of The apex financial institution in India is&#10;A)ifci&#10;B)idbi&#10;C)nabard&#10;D)rbi...

Question 16

Central Land Mortgage Bank was started in Madras in&#10;A)1920&#10;B)1921&#10;C)1922&#10;D)1929

Accepted Answer

The answer of Central Land Mortgage Bank was started in...

Question 17

Central Co-operative banks are organised at........... level&#10;A)taluk&#10;B)district&#10;C)state&#10;D)national

Accepted Answer

The answer of Central Co-operative banks are organised at........... level&#10;A)taluk&#10;B)district&#10;C)state&#10;D)national...

Question 18

Head quarters of RBI is&#10;A)new delhi&#10;B)mumbai&#10;C)calcutta&#10;D)nasik

Accepted Answer

The answer of Head quarters of RBI is&#10;A)new delhi&#10;B)mumbai&#10;C)calcutta&#10;D)nasik...

Question 19

Head quarters of NABARD is&#10;A)new delhi&#10;B)mumbai&#10;C)calcutta&#10;D)nasik

Accepted Answer

The answer of Head quarters of NABARD is&#10;A)new delhi&#10;B)mumbai&#10;C)calcutta&#10;D)nasik...

Question 20

Area of operation of RRB comprises of&#10;A)one or more district&#10;B)a state&#10;C)two or more states&#10;D)taluk

Accepted Answer

The answer of Area of operation of RRB comprises of&#10;A)one...

Question 21

Chairman of NABARD is appointed by&#10;A)upsc&#10;B)ssc&#10;C)rbi&#10;D)central govt.

Accepted Answer

The answer of Chairman of NABARD is appointed by&#10;A)upsc&#10;B)ssc&#10;C)rbi&#10;D)central govt....

Question 22

LAB stands for......&#10;A)lead area bank&#10;B)local area bank&#10;C)lending and borrowing&#10;D)leading and banking

Accepted Answer

The answer of LAB stands for......&#10;A)lead area bank&#10;B)local area bank&#10;C)lending...

Question 23

Largest bank in the world (asset wise) is.......&#10;A)bnp paribus&#10;B)sbi&#10;C)german bank&#10;D)british bank of middle east

Accepted Answer

The answer of Largest bank in the world (asset wise)...

Question 24

Largest bank in the world in branches is.......&#10;A)bnp paribus&#10;B)sbi&#10;C)german bank&#10;D)hsbc

Accepted Answer

The answer of Largest bank in the world in branches...

Deck 5: Banking and Financial Institutions