1. What does ‘Kite Flying’ refers to
in the banking terminology?
(a) The practice of depositing and withdrawing frequently in a bank account.
(b) Opening of multiple accounts with different names by any individual
(c) Doing unauthorised business
(d) Permitting drawls against uncleared cheques
(a) The practice of depositing and withdrawing frequently in a bank account.
(b) Opening of multiple accounts with different names by any individual
(c) Doing unauthorised business
(d) Permitting drawls against uncleared cheques
2. Under which of the following type
of account is a specified amount deposited every month for a specified
period, says, 12, 24, 36 and 60 months?
(a) Fixed Deposit Account
(b) Saving Bank Account
(c) Current account
(d) Recurring Account
(a) Fixed Deposit Account
(b) Saving Bank Account
(c) Current account
(d) Recurring Account
3. RBI was established on
___________.
(a) April 1, 1925
(b) April 1, 1935
(c) April 1, 1945
(d) April 1, 1955
(b) April 1, 1935
(c) April 1, 1945
(d) April 1, 1955
4. Under which act does RBI issue
directives to banks?
(a) PMLA Act, 2002
(b) RBI Act, 1934
(c) DICGC Act, 1961
(d) Banking Regulation Act, 1949
(a) PMLA Act, 2002
(b) RBI Act, 1934
(c) DICGC Act, 1961
(d) Banking Regulation Act, 1949
5. When the Reserve Bank of India
(RBI) is the lender of last resort, what does it mean?
(a) RBI advances money to public whenever there is any emergency
(b) Commercial banks give fund to the RBI
(c) RBI advances necessary credit against eligible securities
(d) All of the above
(a) RBI advances money to public whenever there is any emergency
(b) Commercial banks give fund to the RBI
(c) RBI advances necessary credit against eligible securities
(d) All of the above
6. Which of the following conditions
must be fulfilled before a bank is included in the Second Schedule to the
Reserve Bank of India
Act?
(a) It must be a State co-operative bank or a company as defined in the Companies Act, 1956 or an institution notified by the Central Government in this behalf or a corporation or a company incorporated by or under any law in force in any place outside In
(b) It must satisfy the Reserve Bank of India that its affairs are not being conducted in a manner detrimental to the interests of the depositors
(c) It must have a paid-up capital and reserves of an aggregate value of not less than Rs. 5 lakh
(d) All of the above
(a) It must be a State co-operative bank or a company as defined in the Companies Act, 1956 or an institution notified by the Central Government in this behalf or a corporation or a company incorporated by or under any law in force in any place outside In
(b) It must satisfy the Reserve Bank of India that its affairs are not being conducted in a manner detrimental to the interests of the depositors
(c) It must have a paid-up capital and reserves of an aggregate value of not less than Rs. 5 lakh
(d) All of the above
7. Which of the following banks was
first to establish merchant banking business in India ?
(a) ABN Amro Bank
(b) Citibank
(c) Standard chartered
(d) Grindlays Bank
(a) ABN Amro Bank
(b) Citibank
(c) Standard chartered
(d) Grindlays Bank
8. ‘Swabhiman’, the financial
inclusion scheme, comes under the purview of which ministry?
(a) Ministry of Commerce
(b) Ministry of Home Affairs
(c) Ministry of Finance
(d) Ministry of External Affairs
(a) Ministry of Commerce
(b) Ministry of Home Affairs
(c) Ministry of Finance
(d) Ministry of External Affairs
9. Which one of the following rates
is not decided by RBI__________
(a) Bank rate
(b) Base rate
(c) Repo rate
(d) Prime Lending rate
(a) Bank rate
(b) Base rate
(c) Repo rate
(d) Prime Lending rate
10. Which of the following banks is not nationalized in 1969___________
(a) Central Bank of India
(b) Dena Bank
(c) Canara Bank
(d) Oriental Bank of Commerce
11. Regional rural banks were
established in india
on the recommendation of which committees_________
(a) Recommendations of Narsimham Committee
(b) Recommendations of Shivraman committee
(c) Recommendations of RG Saraiya Committee
(d) Recommendations of RN Mirdha committee
(a) Recommendations of Narsimham Committee
(b) Recommendations of Shivraman committee
(c) Recommendations of RG Saraiya Committee
(d) Recommendations of RN Mirdha committee
12. Regulatory Authority for Regional
Rural Bank is of___________
(a) RBI and NABARD
(b) NABARD
(c) RBI
(d) State Government
(a) RBI and NABARD
(b) NABARD
(c) RBI
(d) State Government
13. Mutual Funds are regulated
by________
(a) Reserve Bank ofIndia
(b) Securities and Exchange Board ofIndia
(c) Small industrial development bank of India
(d) State Bank of indi
(a) Reserve Bank of
(b) Securities and Exchange Board of
(c) Small industrial development bank of India
(d) State Bank of indi
14. Maximum age for retirement for
MD/CEO of all private banks is__________
(a) 70
(b) 65
(c) 60
(d) 68
(a) 70
(b) 65
(c) 60
(d) 68
15. Which term is not associated with banking operations___________
(a) Repo rate
(b) Prime Lending Rate
(c) Equator
(d) None of these
1 Comments
Make mcq on banking regulation act 1949
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