Question 1

Which banks which accept deposits from the public and lend them mainly to commerce for short periods?

Accepted Answer

A) Commercial Bank 
B) Industrial Bank 
C) Agricultural Bank 
D) Central Bank 
A) Commercial Bank 
B) Industrial Bank 
C) Agricultural Bank 
D) Central Bank C

Question 2

The RBI was nationalized in

Accepted Answer

A) 1948 
B) 1949 
C) 1950 
D) 1951 
A) 1948 
B) 1949 
C) 1950 
D) 1951 B

Question 3

In order to inject money into the economy, RBI

Accepted Answer

A) Raises CRR 
B) Lowers CRR 
C) Raises SLR 
D) Sells in the open market 
A) Raises CRR 
B) Lowers CRR 
C) Raises SLR 
D) Sells in the open market B

Question 4

The accounting year of the Reserve bank of India come from?

Accepted Answer

A) 1st july - 1st june 
B) 1st April - 30th March 
C) 1st July - 30th June 
D) 1st January - 31st December 
A) 1st july - 1st june 
B) 1st April - 30th March 
C) 1st July - 30th June 
D) 1st January - 31st December

Question 5

A cheque dated subsequent to the date of its issue is

Accepted Answer

A) Post dated cheque 
B) Blank cheque 
C) Crossed cheque 
D) Account payee cheque 
A) Post dated cheque 
B) Blank cheque 
C) Crossed cheque 
D) Account payee cheque

Question 6

Which of the following are the types of Risks

Accepted Answer

A) Financial and non financial risk 
B) Static and dynamic risk 
C) Pure and Speculative Risk 
D) All of the above 
A) Financial and non financial risk 
B) Static and dynamic risk 
C) Pure and Speculative Risk 
D) All of the above

Question 7

What is the most widely used tool of monetary policy?

Accepted Answer

A) issuing of notes 
B) open market operations 
C) Discount rate 
D) none of these 
A) issuing of notes 
B) open market operations 
C) Discount rate 
D) none of these

Question 8

A co-operative bank is established for the interest of

Accepted Answer

A) Members involved 
B) Public 
C) Lower status in the society 
D) Investors 
A) Members involved 
B) Public 
C) Lower status in the society 
D) Investors

Question 9

Which committee recommended the set-up of Regional Rural Banks?

Accepted Answer

A) Nayak Committee 
B) AP Shah Committee 
C) Narsimhan Committee 
D) Rangarajan Committee 
A) Nayak Committee 
B) AP Shah Committee 
C) Narsimhan Committee 
D) Rangarajan Committee

Question 10

The person or company which gets compensation at the end of the period of time for loss due to accident is called

Accepted Answer

A) insurer 
B) insured 
C) insurance 
D) none of the above 
A) insurer 
B) insured 
C) insurance 
D) none of the above

Question 11

Payment of cheque can be stopped by

Accepted Answer

A) beneficiary 
B) drawer of cheque 
C) Nominee 
D) all the above 
A) beneficiary 
B) drawer of cheque 
C) Nominee 
D) all the above

Question 12

A cheque is an order to a bank to pay a stated sum from the

Accepted Answer

A) Fixed Deposit A/c 
B) Drawer?s A/c 
C) Loan A/c 
D) Recurring Deposit A/c 
A) Fixed Deposit A/c 
B) Drawer?s A/c 
C) Loan A/c 
D) Recurring Deposit A/c

Question 13

Which of the following is not an importance or necessity of Insurance?

Accepted Answer

A) Reduction of risk 
B) Supply of capital 
C) Employment opportunity 
D) Increase of business expenses 
A) Reduction of risk 
B) Supply of capital 
C) Employment opportunity 
D) Increase of business expenses

Question 14

Which of the following is not the function of RBI?

Accepted Answer

A) Acting as banker to the government 
B) Keeping of foreign exchange reserve 
C) issuing of one rupee notes and coins 
D) regulating credit in the country 
A) Acting as banker to the government 
B) Keeping of foreign exchange reserve 
C) issuing of one rupee notes and coins 
D) regulating credit in the country

Question 15

________is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.

Accepted Answer

A) Equated Monthly Instalment 
B) Primary Lending Rates 
C) Deposit Rates 
D) None of the above 
A) Equated Monthly Instalment 
B) Primary Lending Rates 
C) Deposit Rates 
D) None of the above

Question 16

Objective Risk is defined as the relative variation of

Accepted Answer

A) Actual loss from expected loss 
B) Expected loss from actual loss 
C) Expected profit from actual loss 
D) Actual loss from expected profit 
A) Actual loss from expected loss 
B) Expected loss from actual loss 
C) Expected profit from actual loss 
D) Actual loss from expected profit

Question 17

The person or company who bears the risk of providing money at the end of a period of time or losses due to accident are known as

Accepted Answer

A) insurer 
B) insured 
C) insurance 
D) none of the above 
A) insurer 
B) insured 
C) insurance 
D) none of the above

Question 18

Quantitative Credit control does not include:

Accepted Answer

A) Bank rate 
B) RBI directives 
C) Cash reserve ratio 
D) Open market operations 
A) Bank rate 
B) RBI directives 
C) Cash reserve ratio 
D) Open market operations

Question 19

Co-operative banks which work at metropolitan level are called as?

Accepted Answer

A) District central Co-operative bank 
B) State co-operative bank 
C) Primary Urban Co-operative Bank 
D) Primary Agricultural Credit Societies 
A) District central Co-operative bank 
B) State co-operative bank 
C) Primary Urban Co-operative Bank 
D) Primary Agricultural Credit Societies

Question 20

Extending credit facilities to farmer and small-scale industrial units is the main purpose of

Accepted Answer

A) Development banks 
B) EXIM bank 
C) Cooperative bank 
D) Commercial bank 
A) Development banks 
B) EXIM bank 
C) Cooperative bank 
D) Commercial bank

Which banks which accept deposits from the public and lend them mainly to commerce for short periods?

The RBI was nationalized in

In order to inject money into the economy, RBI

The accounting year of the Reserve bank of India come from?

A cheque dated subsequent to the date of its issue is

Which of the following are the types of Risks

What is the most widely used tool of monetary policy?

A co-operative bank is established for the interest of

Which committee recommended the set-up of Regional Rural Banks?

The person or company which gets compensation at the end of the period of time for loss due to accident is called

Payment of cheque can be stopped by

A cheque is an order to a bank to pay a stated sum from the

Which of the following is not an importance or necessity of Insurance?

Which of the following is not the function of RBI?

________is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.

Objective Risk is defined as the relative variation of

The person or company who bears the risk of providing money at the end of a period of time or losses due to accident are known as

Quantitative Credit control does not include:

Co-operative banks which work at metropolitan level are called as?

Extending credit facilities to farmer and small-scale industrial units is the main purpose of

Banking Terms and Concepts: From Demand Deposits to Central Banks and Rtgs

Banking and Finance Terminology

Banking and Cheque-Related

Banking Terminology and Functions

Banking and Insurance

Understanding Insurance and Its Components

Insurance Policy Types and Terms

Insurance Terminology and Concepts

Banking History and Classification in India

Banking and Financial Services: A Compilation of Questions

Banking and Finance FAQS

Various Questions on Banking and Reserve Bank of India

Insurance Principles, Functions, and Benefits

Insurance Sector and Policies: A Comprehensive Overview

Understanding Principles and Types of Insurance Policies

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Exam 13: Banking, Monetary Policy, Cooperative Banks, Credit Control, Insurance, and Risks

Which banks which accept deposits from the public and lend them mainly to commerce for short periods?

The RBI was nationalized in

In order to inject money into the economy, RBI

The accounting year of the Reserve bank of India come from?

A cheque dated subsequent to the date of its issue is

Which of the following are the types of Risks

What is the most widely used tool of monetary policy?

A co-operative bank is established for the interest of

Which committee recommended the set-up of Regional Rural Banks?

The person or company which gets compensation at the end of the period of time for loss due to accident is called

Payment of cheque can be stopped by

A cheque is an order to a bank to pay a stated sum from the

Which of the following is not an importance or necessity of Insurance?

Which of the following is not the function of RBI?

________is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.

Objective Risk is defined as the relative variation of

The person or company who bears the risk of providing money at the end of a period of time or losses due to accident are known as

Quantitative Credit control does not include:

Co-operative banks which work at metropolitan level are called as?

Extending credit facilities to farmer and small-scale industrial units is the main purpose of

Banking Terms and Concepts: From Demand Deposits to Central Banks and Rtgs

Banking and Finance Terminology

Banking and Cheque-Related

Banking Terminology and Functions

Banking and Insurance

Understanding Insurance and Its Components

Insurance Policy Types and Terms

Insurance Terminology and Concepts

Banking History and Classification in India

Banking and Financial Services: A Compilation of Questions

Banking and Finance FAQS

Various Questions on Banking and Reserve Bank of India

Insurance Principles, Functions, and Benefits

Insurance Sector and Policies: A Comprehensive Overview

Understanding Principles and Types of Insurance Policies

Filters