Deck 7: Banking Regulations and Policies in India

Question 1

Who is authorized to permit premature closer of PPF A/c

A)rbi
B)ministry of finance department of economic affairs
C)chairman of concerning bank
D)none of these

Answer 1

ministry of finance department of economic affairs

Question 2

What is USGAAP?

A)united states generally accepted accounting principles
B)union state generous agreement & accounting principles
C)unit
D)state general allies & army practices

Answer 2

united states generally accepted accounting principles

Question 3

What is the average percentage of Banking transactions through non- branch route in private sector Banks

A)50%
B)60%
C)70%
D)65%

Answer 3

70%

Question 4

The C D Ratio of all schedule commercial Banks as on June 2003stood at

A)51%
B)57%
C)53%
D)65%

Question 5

The Gross NPA percentage of the following country is highest in Asia

A)india
B)china
C)malaysia
D)indonesia

Question 6

Credit Risk Assessment of the borrowal units is for

A)assessing the repayment capacity
B)to fix the pricing of the product
C)to review the units performance
D)none of these

Question 7

To be categorized as a schedule Bank the minimum capital & reserve required is

A)rs.10 lacs
B)rs.5 lacs
C)rs.20 lacs
D)rs.7 lacs

Question 8

For Business process re-engineering and IT strategy which bank has employed 'Gartner

A)b
B)sbi
C)pnb
D)bom

Question 9

The objective of Government to appoint Narsimhan Committee is

A)to strengthen the banking system
B)to improve customer service
C)to strengthen the credit portfolio
D)none of these

Question 10

Which Bank has recently tied up with Apollo Hospital for financing medical facilities

A)icici
B)hd
C)bob
D)sbi

Question 11

The full form of RBS is

A)risk based supervision
B)rating by system
C)role bas
D)supervision

Question 12

………….prescribes two tiers of capital for the banks.

A)basel-i
B)basel-ii
C)basel-iii
D)none of these

Question 13

Pricing is equals to

A)cost of the product
B)break even point of the firm
C)function of risk rating
D)all of the above

Question 14

Under the Banking Ombudsman scheme the value of claim shouldn't exceed

A)5 lac
B)10 l
C)15 lac
D)20 lac

Question 15

Which Bank has introduced 'Pre-paid Card' first

A)obc
B)bob
C)corporation bank
D)sbi

Question 16

The minimum Capital Adequacy Ratio currently fixed by RBI for Banksis

A)12%
B)10%
C)9%
D)11%

Question 17

Who can fix the interest rates of NRE & FCNB deposits ?

A)rbi
B)banks, as per the directive of rbi
C)govt.of india
D)iba

Question 18

The following is not a housing finance intermediary agency

A)hdfc
B)hudco
C)nhb
D)sidco

Question 19

Who is authorised to issue coin in India

A)rbi
B)ministry of finance
C)sbi
D)none of these

Question 20

Bank can change interest rate without reference to its PLR in thefollowing

A)housing loans
B)nre/ fcnb deposits
C)personal loans
D)educational loans

Question 21

The maximum penal rate of interest that can be charged is restrictedto

A)2 %
B)3 %
C)maximum spre
D)announced over plr

Question 22

Banks can change rate of interest beyond spread announced by themon advances granted to

A)film companies
B)chit funds
C)nbfc s
D)hotels

Question 23

To which category of customers are banks prohibited to sanctionloans against shares and debentures?

A)institutions
B)psus
C)banks
D)trust and endowments

Question 24

What should be the method of valuation for advances againstshares/ debentures / bonds?

A)face value
B)market price
C)book value
D)average value

Question 25

Which kind of bills should not be discounted by banks as per RBIregulation?

A)customs duty
B)installation charges
C)sale of goods
D)purchase of books