Description : Which of the following is not the function of commercial banks? (a) Issue of paper notes. (b) Credit control. © Acceptance of deposits (d) Advancing loans.
Last Answer : (a) Issue of paper notes.
Description : The “in-principle” approval for setting up „small finance banks‟ granted by RBI will be valid for ______ A. 12 Months B. 24 Months C. 10 Months D. 18 Months E. None of the Above.
Last Answer : D. 18 Months Explanation: The ―in-principle‖ approval granted will be valid for 18 months to enable the applicants to comply with the requirements under the Guidelines and fulfil other conditions as may be stipulated by the RBI.
Description : Which of the following companies has set up two wholly owned subsidiaries in July 2016, one for its broker business and another for insurance business? A) EXIM Bank B) Religare Enterprises C) Muthoot Finance D) Sahara Asset Management Company E) None of these
Last Answer : B) Religare Enterprises Explanation: Religare Enterprises has set up two wholly owned subsidiaries – Religare Broking Limited and Religare Insurance Ltd – as part of its restructuring plan.
Description : B) CaixaBank Explanation: As per the agreement, they will expand banks guarantee transaction businesses by jointly providing credit to Indian-Spanish joint ventures and Indian local ... finance and export credit agency finance, infrastructure finance and networking services, among others.
Last Answer : Recently an Indian bank launched next generation features on its app „iMobile‟ which will enable customers to instantly pay taxes and book railway tickets within the app. Name the bank. A) Federal Bank B) Punjab National Bank C) Kotak Mahindra Bank D) ICICI Bank E) Bandhan Bank
Description : Which of the following is not the function of commercial bank? (a) Acceptance of deposits. (b) Advancing loans. © Issue of paper notes. (d) Credit control.
Last Answer : © Issue of paper notes.
Description : 4. Which of the following is true about the Federal Reserve System (Fed)? a. it is a system of 12 central banks b. its Board of Governors is elected by a vote of the people c. its main policy- ... is the FDIC d. it accepts deposits from the public and makes loans to businesses e. all of the above
Last Answer : a. it is a system of 12 central banks
Description : Which of the following is a disaster mitigation strategy? a. Constructing cyclone shelters b. Giving loans from banks c. Providing cheap electricity d. Providing school uniforms to children
Last Answer : a. Constructing cyclone shelters
Description : What is difference between banks & HFCs? A. HFCs cannot accept demand deposits B. It cannot issue cheques drawn on itself C. deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of HFCs D. All of the Above E. None of the Above
Last Answer : D. All of the Above Explanation: HFCs are doing functions similar to banks as banks also provides housing loans. However, there are a few differences as given below: ♦ HFCs cannot accept demand ... Credit Guarantee Corporation(DICGC) is not available to depositors of HFCs, unlike in case of banks.
Description : Bank Rate refers to the interest rate at which - (1) Commercial banks receive deposits from the public (2) Central bank gives loans to Commercial banks (3) Government loans are floated (4) Commercial banks grant loans to their customers
Last Answer : (2) Central bank gives loans to Commercial banks Explanation: Bank rate is the interest rate at which a nation's central bank lends money to domestic banks. Often these loans are very short in duration.
Description : The main source of long-term credit for a business unit is - (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions
Last Answer : (1) sale of stocks and bonds to the public Explanation: Companies issue securities called stocks and bonds to raise necessary capital which funds the company's daily operations and growth. ... issuing stock to owners called stockholders doesn't require the company's repayment of investor principal.
Description : The main source of long-term credit for a business unit is (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions
Last Answer : sale of stocks and bonds to the public
Description : Minimum paid-up capital of small finance banks is _______ A. 100 crore B. 200 Crore C. 500 crore D. 1000 crore E. None of the Above
Last Answer : A. 100 crore Explanation: Minimum paid-up capital of small finance banks is Rs.100 crore.
Description : According to RBI Regulations, which of the following are allowed to set up small finance banks? A. NBFC B. MFI C. LAB D. All of the Above E. None of the Above
Last Answer : D. All of the Above Explanation: The firms must have a capital of Rs.100 crore.Existing non-banking financial companies (NBFC), micro-finance institutions (MFI) and local area banks (LAB) are allowed to set up small finance banks.
Description : What is/are the credit rating agencies approved for the acceptance of public deposits by an HFC? A. The Credit Rating Information Services of India Ltd. (CRISIL) B. ICRA Ltd. C. Credit Analysis and Research Limited (CARE) D. FITCH Ratings India Pvt. Ltd. E. All of the Above
Last Answer : E. All of the Above Explanation: The HFC having credit rating can accept more deposits as compared to an HFC without such rating. The following credit rating agencies have been approved for the above ... ♦ ICRA Ltd. ♦ Credit Analysis and Research Limited (CARE) ♦ FITCH Ratings India Pvt. Ltd.
Description : Which of the following can be provided by small finance banks A. Mutual Funds B. Insurance Products C. Third Party financial products D. All of the Above E. None of the Above
Last Answer : D. All of the Above Explanation: Small finance banks can distribute mutual funds, insurance products and other simple third-party financial products.
Description : ______ percentage of Foreign share holding will be allowed in small finance banks as per the rules for FDI in private banks in India A. 64% B. 74% C. 61% D. 50% E. None of the Above
Last Answer : B. 74% Explanation: Foreign share holding will be allowed in these banks as per the rules for FDI in private banks in India. Foreign shareholding capped at 74% of paid capital.
Description : An external advisory committee headed by _______ evaluated the license applications for small finance banks. A. NR Madhawan Menon B. Usha Thorat C. Nachiket Mor D. Y.H. Melagam E. None of the Above
Last Answer : B. Usha Thorat Explanation: An external advisory committee headed by Usha Thorat evaluated the license applications for small finance banks.
Description : The small finance banks will be licensed under ______ of the Banking Regulation Act, 1949. A. Section 21 B. Section 22 C. Section 23 D. Section 24 E. None of the Above
Last Answer : B. Section 22 Explanation: The small finance banks will be licensed under Section 22 of the Banking Regulation Act, 1949.
Description : Reserve Bank of India gave provisional licences to _______ entities to launch small finance banks. A. 10 B. 11 C. 12 D. 13 E. None of the Above
Last Answer : A. 10 Explanation: Reserve Bank of India gave provisional licences to 10 entities out of 72 applicants to launch small finance banks. The selected applicants are: Au Financiers (Jaipur), ... Micro Finance (Navi Mumbai), Ujjivan Financial Services (Bengaluru) and Utkarsh Micro Finance (Varanasi).
Description : Small finance banks are a type of ______ banks in our country. A. niche B. investment C. industrial D. All of the Above E. None of the Above
Last Answer : A. niche Explanation: Small finance banks are a type of niche banks in India.Niche Bank is a specialised bank which deals only with certain types of customers or services.
Description : Which of the following High Courts has ruled that banks can recover bad loans from person‟s saving account if the agreement allows? A) Punjab and Haryana B) Madras C) Mumbai D) Assam E) Kerala
Last Answer : B) Madras Explanation: If a debtor failed to settle the loan dues despite reminders from the bank, then the money could be recovered from his savings bank account, ruled the Madras High Court bench
Description : The ratio of deposits to loans of a bank is known as _______ A. NPA coverage Ratio B. Return on asset ratio C. Asset Coverage ratio D. CD Ratio E. Other than those given as options
Last Answer : E. Other than those given as options Explanation: The loan to deposit ratio is used to calculate a lending institution‘s ability to cover withdrawals made by its customers.
Description : Payment Banks can not issue ________ A. Credit Card B. Debit Card C. loans D. Both (B) and (C) E. Both (A) and (C)
Last Answer : E. Both (A) and (C) Explanation: Payment banks cannot issue loans and credit cards while at the same time current account and savings accounts can be operated by such banks.
Description : In backward areas, term loans for expansion or setting up a new unit are available at __________ . A. concessional terms. B. differential terms. C. standard terms. D. specific terms.
Last Answer : A. concessional terms.
Description : Banks can not generally accept interest-free deposits. which of the following is an exception to this rule? A. Current Account B. Savings Account of Minors C. Deposit from Minority groups D. BSBDA E. None of the Above
Last Answer : A. Current Account Explanation: Banks cannot accept interest free deposits other than in current account.
Description : The merger process of State bank subsidiaries with State Bank of India will be completed by A) December 2017 B) March 2017 C) April 2017 D) July 2017 E) None of these
Last Answer : C) April 2017 Explanation: Ihe country s largest lender State Bank of India, which started the process of merging all its subsidiaries with itself about three months back, would become a ... April next, indicating the speed at which the administration is moving to revitalise the banking system.
Description : The structure of the registry which will enable quick sharing of information about unstructured borrowers and help banks fight bad loans. The registry is called _______ A. CIBIL B. Fraudelent Borrowers List C. RBI wilful Defaulter List D. Central Fraud Registry E. None of the Above
Last Answer : D. Central Fraud Registry Explanation: The Reserve Bank of India has operationalised a Central Fraud Registry (CFR). The registry will make available more information to banks at the time of starting a ... of an account. The CFR is a centralised searchable database which can be accessed by banks.
Description : SBI has been named as domestic systemically important banks (D-SIBs) this year. What additional capital it will have to maintain as a percent of loans and investments? A) 0.2% B) 0.4% C) 0.6% D) 0.8% E) None of these
Last Answer : C) 0.6% Explanation: Based on the methodology announced by the central bank, SBI will need to maintain additional capital equivalent to 0.6 per cent of its loans and investments while ICICI will need to maintain 0.2 per cent more.
Description : The International Bank for Reconstruction and Development(IBRD) is an international financial institutions that offer loans to _____ A. Multinational Banks B. Multinational Financial Institutions C. Middle Income Developing Countries D. Non Government Organizations E. None of the Above
Last Answer : C. Middle Income Developing Countries Explanation: The International Bank for Reconstruction and Development (IBRD) is an international financial institution that offers loans to middle-income developing countries.
Description : Which allows banks and other financial institution to auction residential or commercial properties to recover loans? A. Industrial Disputes Act 1947 B. Foreign Exchange Management Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above
Last Answer : D. SARFAESI Act, 2002 Explanation: The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (also known as the SARFAESI Act) is an ... allows banks and other financial institution to auction residential or commercial properties to recover loans.
Description : Jayant Sinha, minister of state for finance reported how many willful defaulters owing Rs 66,190 crore to state-owned banks as of December 2015? A) 6719 B) 7128 C) 5275 D) 7686 E) None of these
Last Answer : D) 7686 Explanation: Sinha also said that the total outstanding amount in top 100 non-performing accounts (NPAs) with public sector banks (PSBs) was Rs 1.73 lakh crore as of December 2015. Willful ... December 2015 while the amount involved more than doubled to Rs 66,190 crore from Rs 27,749 crore.
Description : Which is not the responsibility of customer/ user of the software A. Plan how and by whom each acceptance activity will be performed B. Prepare the acceptance plan C. Prepare resource plan D. Plan resources for providing information on which to base acceptance decisions
Last Answer : C. Prepare resource plan
Description : Bank assurance means ? 1. Assurance given by banks to loaners 2. Assurance to bank with one bank 3. Assurance to repay loans 4. Assurance to give good service 5. Selling insurance product through bank
Last Answer : Selling insurance product through bank
Description : B) Scheme for Sustainable Structuring of Stressed Assets Explanation: Under a new ‗Scheme for Sustainable Structuring of Stressed Assets (S4A), RBI allowed banks to take equity in debt ... loans of struggling companies into sustainable and unsustainable based on the cash flows of the projects.
Last Answer : Which bank has launched India‟s first certified green bond at London Stock Exchange (LSE)? A) State Bank of India B) Bank of Baroda C) ICICI Bank D) Axis Bank E) None of these
Description : In the question below is given a statement followed by several assumptions. Find which of the assumption implicit in the statement. Statement: Bank A' has announced reduction of half percentage on the interest rate on ... Implicit (c) If either I or II is Implicit (d) If both I and II are implicit
Last Answer : (b) If only assumption II is Implicit
Description : Which of the following is not available to depositors of NBFCs? A. Deposit Insurance facility B. Acquisition of shares C. Loans and Advances D. All of the Above E. None of the Above
Last Answer : A. Deposit Insurance facility Explanation: Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks.
Description : Henderson Synthetics' management believes that several of the firm's products could have sizeable markets in other countries. In an attempt to maintain a low level of commitment with minimum effort and ... through A)contracting. B)exporting. C)joint ventures. D)licensing. E)subsidiaries.
Last Answer : B)exporting.
Description : Your business has contracted with another company to have them host and run an application for your company over the Internet. The company providing this service to your business is called an a) ... b) Internet access provider c) Application service provider d) Outsource agency e) None of these
Last Answer : d) Outsource agency
Description : Are there any finance companies that specialize in offering tax debt loans?
Last Answer : There is no company that specializes in tax debt loans. Loansstore.com offers tax debt help. They also offer personal loans that could be used to pay off tax debt.
Description : Resources transferred from the Government of India to States are termed `statutory' if they are made (1) in the form of loans (2) on the recommendations of the Planning Commission (3) on the recommendations of the Finance Commission (4) in the form of grants
Last Answer : (3) on the recommendations of the Finance Commission Explanation: in an explicit recognition of vertical and horizontal imbalances, the Indian Constitution embodies enabling and mandatory provisions to ... have to bring about uniform income and services and economic integration among the states.
Description : Which sister organization of the World Bank provides long term loans at zero interest to the poor and developing countries ? 1. Asian Development Bank 2. IMF 3. International Development Association 4. International Finance Corporation 5. None of these
Last Answer : International Development Association
Description : Which sister organization of the World Bank helps private activity in developing countries by financing projects with long-term capital in the form of equity and loans ? 1. Asian ... . IMF 3. International Development Association 4. International Finance Corporation 5. None of these
Last Answer : International Finance Corporation
Description : For providing inputs like quality seeds, fertilizers and pesticides, the agency present at the Village Panchayat Samiti Level is – 1) Nationalised Banks 2) Cooperative Society 3) Insurance Companies
Last Answer : 3) On the ventral surface of leaves
Description : Dams are designed to reduce flooding by ____________. a) Protecting river banks from erosion b) Providing storage for flood water c) Increasing the downstream velocity of flood water ‘ d) Trapping sediment behind the dam so it can't be deposited downstream
Last Answer : b) Providing storage for flood water
Description : Dams are designed to reduce flooding by _______________. a) Protecting river banks from erosion b) Providing storage for flood water c) Increasing the downstream velocity of flood water d) Trapping sediment behind the dam so it can't be deposited downstream
Description : The gypsum is added to the cement for (a) Providing high strength to the cement (b) Controlling the initial setting time of cement. (c) Lowering the clinkering temp of cement (d) All the above.
Last Answer : (b) Controlling the initial setting time of cement.
Description : Which of the following is not one of the primary concerns in the Finance Department? a. Acquiring the capital needed for company activities. b. Establishing a dividend policy that maximizes the ... structure of the firm, its relationship between debt and equity. e. Deciding promo and sales budget
Last Answer : e. Deciding promo and sales budget
Description : Which of the following is not a primary concern for your Finance Department? a. Acquiring capital b. Setting credit policies for customers and suppliers c. Employee turnover d. Establishing a dividend policy e. Capital structure of the firm
Last Answer : c. Employee turnover
Description : Your finance department is primarily concerned with a. acquiring the capital needed for company activities. b. establishing a dividend policy that maximizes the return to shareholders. c. setting credit policies for customers and suppliers. d. profits. e. all of the above.
Last Answer : e. all of the above.
Description : “Deposits with the banks are beneficial to the depositers as well as to the nation” -SST 10th
Last Answer : Deposits with the banks are beneficial to the depositors as well as to the nation. Benefits to the Depositors: 1.Banks accepts the deposits and pay interest to the depositor. 2.People's money is safe ... those who are in need of these funds. Thus it helps in the economic development of the nation.