Description : Which of the following holds majority stake in RRBs? A. Central Government B. State Government C. Sponsor Banks D. All of the Above
Last Answer : A. Central Government Explanation: The Regional Rural Banks were owned by the Central Government, the State Government and the Sponsor Bank. Central Government-50% State Government- 15% Sponsor Banks- 35%.
Description : All banks registered under the ___________ are considered co-operative banks. A. Banking Regulation Act 1949 B. The Bankers‘Books Evidence Act–1891 C. Cooperative Societies Act, 1912 D. Both (B) and (C) E. None of the Above
Last Answer : C. Cooperative Societies Act, 1912 Explanation: Co-operative banks operate in both urban and non-urban areas. All banks registered under the Cooperative Societies Act, 1912 are considered co-operative banks ... approved bylaws and amendments.co-operative banks work on a -no profit, no loss basis.
Description : Co-operative banks are regulated by the Reserve Bank of India under _________ A. Banking Regulation Act, 1949 B. Banking Laws (Application to Co-operative Societies) Act, 1965 C. Both (A) and (B) D. Negotiable Instrument Act–1881 E. None of the Above
Last Answer : C. Both (A) and (B) Explanation: Co-operative banks are regulated by the Reserve Bank of India under the Banking Regulation Act, 1949 and Banking Laws (Application to Co-operative Societies) Act, 1965
Description : Pledging of TD account as security in the name of a) The president of India or Governor of the state in his official capacity b) The reserve bank of India or a scheduled bank or a co-operative society c) Both the A and B d) None of these
Last Answer : c) Both the A and B
Description : Open Market Operations refer to (1) Borrowings by Scheduled banks from RBI (2) Lending by Commercial banks to industry (3) Purchase and sale of Government securities by RBI (4) Deposit mobilization
Last Answer : (3) Purchase and sale of Government securities by RBI Explanation: Open Market Operation (OMO) refers to the buying and selling of government securities in the open market in order to expand or ... in the banking system. A central bank uses OMO as the primary means of implementing monetary policy.
Description : Open Market Operations refer to __________ . (1) Borrowings by Scheduled banks from RBI (2) Lending by Commercial banks to industry (3) Purchase and sale of Government securities by RBI (4) Deposit mobilisation
Last Answer : Purchase and sale of Government securities by RBI
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 : Which of the following institutions is responsible for the supervision of RRBs? A. RBI B. SEBI C. NABARD D. GOI E. Both (A) and (C)
Last Answer : E. Both (A) and (C) Explanation: NABARD has been sharing with the Reserve Bank of India certain supervisory functions in respect of cooperative banks and Regional Rural Banks (RRBs).
Description : Which one of the following statements is false ? (A) The Open Market Operations involve the sale or purchase of govt. securities by the Central Bank (B) The RBI manages longterm liquidity through ... change the proportion of govt. securities held by the RBI, Commercial Banks and Co-operative Banks
Last Answer : Answer: The RBI manages longterm liquidity through rapos
Description : The central co-operative banks are directly associated with A) Central Government B) Land Development Banks C) State Co-operative Banks D) Farmers
Last Answer : Answer: C
Description : An account which remains in operative for an extended period of time is referred as ________ A. DEMAT Account B. Dormant Account C. Nominal Account D. Deposit Account
Last Answer : B. Dormant Account Explanation: When there has been no financial activity for a long period of time, other than posting of interest, an account can be classified as dormant.
Description : Which of the following can become ACCs? A. Scheduled Banks B. Insurance Majors C. Post Offices D. Both (A) and (B) E. Both (A) and (C)
Last Answer : E. Both (A) and (C) Explanation: Scheduled Banks and Post Offices can become ACCs.
Description : Are annuities a better investment than Certificates of Deposit?
Last Answer : Annuities may be a better investment than a Certificate of Deposit. The interest rate paid on an annuity is typcially higher than that paid on a Certificate of Deposit (CD). However a Certificate of Deposit is ... visit your local bank. When the time comes to cash out a CD is also easier to close.
Description : Which bank in South Carolina has the lowest bank certificates of deposit rates?
Last Answer : Bank of America has the the lowest bank certificates of deposit rates in South Carolina. The lowest 18-Month CD Rates is about 1.95% APY. There are several banks in South Carolina that provide low CD rates. Of these, UFBDirect offers the lowest available rate.
Description : Are certificates of deposit a good investment?
Last Answer : This depends on your risk tolerance. CDs are a very good investment when you have a set period of time to invest money. CDs are very low risk and you have your money tied up for a set ... return is very low so unless you are investing an astronomical amount the profit will be marginal at best.
Description : What is the limit for fdic insured certificates of deposit in Omaha, NE?
Last Answer : the insurance has been increased to $250,000 till December
Description : One Reserve Bank of India introduced certificates of deposit in ____. A. 1964. B. 1989. C. 1986. D. 1990
Last Answer : B. 1989.
Description : Which of the following General Insurance Company has entered into agreement with Shamrao Vithal Co-operative (SVC) Bank for bancassurance business? A) Reliance General Insurance Co. Ltd. B) L&T General Insurance ... D) Future Generali India Insurance Co. Ltd. E) Tata AIG General Insurance Co. Ltd.
Last Answer : C) HDFC ERGO General Insurance Co. Ltd. Explanation: HDFC ERGO General Insurance Company and Shamrao Vithal Co-operative (SVC) Bank announced their bancassurance agency partnership to provide ... introducing innovative non-life insurance products with SVC Bank s customer base across various states.
Description : Scheduled banks are required to keep cash reserve with RBI, interms of _______ A. Section 24 of the Banking Regulation Act, 1949 B. Section 20 of the Banking Regulation Act, 1949 C. Section 42(i) of the RBI Act, 1934 D. Section 42 of Negotiable Instruments Act
Last Answer : C. Section 42(i) of the RBI Act, 1934 Explanation: Every bank included in the Second Schedule shall maintain with the Bank an average daily balance the amount.
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 : Payment banks can accept a restricted deposit which is currently limited to _______ per customer account. A. Rs.1 lakh B. Rs.3 lakh C. Rs.2 lakh D. Rs.5 lakh E. None of the Above
Last Answer : A. Rs.1 lakh Explanation: Payment banks can accept a restricted deposit which is currently limited to Rs. 1 lakh per customer account.
Description : The Monetary Authority in India, viz Reserve Bank of India is bound to maintain a reserve against the notes issued, Whatever may be the mount. This system is called as __________ A. Minimum Reserve ... Reserve System C. Maximum Fiduciary Issue system D. Simple deposit system E. None of the Above
Last Answer : A. Minimum Reserve System Explanation: The RBI follows a minimum reserve system in the note issue. Initially, it used to keep 40 per cent of gold reserves in its total assets.
Description : Which of the following is the most active segment of the money market in India? A. Commercial Paper(CP) B. Certificate of Deposit(CD) C. Call Money D. All of the above E. None of the Above
Last Answer : C. Call Money Explanation: Call money is short-term finance repayable on demand, with a maturity period of one to fourteen days or overnight to fortnight.
Description : A trad-able form of loan is normally termed as ________ A. Certificate of Deposit (CD) B. Inter Bank term Money C. Bill Re-discounting D. Debt Instrument E. None of the Above
Last Answer : D. Debt Instrument Explanation: A trad-able form of loan is normally termed as a Debt Instrument. They are usually obligations of issuer of such instrument as regards certain future cash flow representing Interest & Principal, which the issuer would pay to the legal owner of the Instrument.
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 : Which of the following is not a measure of the Risk Management in Banks? A. CRR B. RTGS C. SLR D. Deposit Insurance
Last Answer : B. RTGS Explanation: Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with the RBI. Statutory liquidity ratio (SLR) is the Indian government term for ... is mandatory, and pays claims from a pool of funds to which every depository institution regularly contributes.
Description : This reading device is readily used in banks to read the numbers on the bottom of checks and deposit slips: a) MICR b) OCR c) GRE d) None of The Above
Last Answer : a) MICR
Description : What would be the advantages and disadvantages if President Obama was to issue gold or silver backed certificates instead of injecting trillions into the economy?
Last Answer : There is not enough gold or silver available unless their value was extremely inflated.
Description : Who apart from the GIA issue diamond certificates?
Last Answer : Other than the GIA, there are other laboratories like the AGS, EGL, and the IGI. All the three are recognised worldwide and hence reliable.
Description : When the holder of a certificate reports the loss, theft, destruction, mutilation or defacement of a certificate in his custody a) The will ask to holder to furnish a statement in writing giving ... be made either at the office of registration or at any other office d) All the above
Last Answer : d) All the above
Description : If a certificate is spoilt before issue a) Retuned to Circle Stamp depot duly attached to the monthly journal of certificates issued b) Retuned to Circle offece depot duly attached to the ... Postal Accounts Office duly attached to the monthly journal of certificates issued d) None of these
Last Answer : c) The Postmaster will write the word "spoiled" in red ink on the certificate and affix the oblong M.O. Stamp and send the same to the Postal Accounts Office duly attached to the monthly journal of certificates issued
Description : The unclaimed certificates lying in the custody of the Postal Accounts Office are preserved for a period of a) 30 years from the dates of maturity after which these become due for destruction b) ... of maturity after which these become due for destruction b) 10 years from the dates of maturity
Last Answer : a) 30 years from the dates of maturity after which these become due for destruction
Description : A BO bag sent a branch office by its account office must always contain BO slip and it may contain a) Postal order for issue/payment b) Money order for payment c) Cash bag containing cash/stamp, SB document, and saving certificates d) All the above
Description : Who is eligible to benefit from emergency food banks?
Last Answer : People who need it and have food stamps. Basically homeless people and people who dont have much can benefit from it.
Description : Who are eligible for obtaining a PLI Policy of the following a) Central/Stage Govt employees b) Defense services c) Nationalized banks/RBI d) All the above
Description : The reduction in the amount on account of commutation shall become operative within -- ------- months after issue of letter by the competent authority a. Five b. Two c. Three
Last Answer : c. Three
Description : The rate of Simple Interest in UBI & BOI are in the ratio of 5:4. Mr.Naveen wants to deposit his total savings in two banks in such a way that he receive equal half-yearly interest from both banks.He should deposit in both banks UBI & BOI in the ratio of a) 2:5 b) 1:5 c) 4:5 d) 3:5 e) None of these
Last Answer : R1 =5x R2=4x T1=T2=1/2 yr [P1*5x*(1/2)]/100 = [P2*4x*(1/2)]/100 P1:P2 = 4:5 Answer: c)
Description : How many Scheduled Banks is Simant Bank in Bangladesh ?
Last Answer : Border Bank is the 57th Scheduled Bank of Bangladesh.
Last Answer : At present the number of scheduled banks in the country is 56 (9 state).
Description : Scheduled Banks have to be registered with - (1) SEBI (2) RBI (3) Finance Ministry (4) SBI
Last Answer : (2) RBI Explanation: The scheduled primary (urban) cooperative banks are required to maintain with the Reserve Bank of India an average daily balance, the amount of which should not be less than 5 per ... least 3 per cent of their total demand and time liabilities in India on clay-to-day basis.
Description : Scheduled Banks have to be registered with (1) SEBI (2) RBI (3) Finance Ministry (4) SBI
Last Answer : RBI
Description : What are some gift ideas, other than gift cards/certificates, for some male co-workers that I don't know that well on a personal level?
Last Answer : That is a tough one without knowing the people. Ask if you really want to know what there interests are.
Description : Who is/are eligible to open an EEFC Account? A. Individuals B. Companies C. Residents of India D. Both (B) and (C) E. All of the Above
Last Answer : E. All of the Above Explanation: All categories of foreign exchange earners, such as individuals, companies, etc., who are resident in India, may open EEFC accounts.
Description : Do you think that the 'Rochdale Pioneers', the originators of what we know as 'The Co-operative Movement' should be better known?.
Last Answer : I do now.
Description : In India, in which sector was the co-operative movement initiated ? -Do You Know?
Last Answer : answer:
Description : In which does the subject of Co-operative Societies fall? -Do You Know?
Description : Differences between parasternal and co operative?
Last Answer : difference in differences uses panel data to measure the differences
Description : What is a co-operative society ?
Last Answer : A co- operative society is an organization which is formed under the customary law of the country by a group of persons who have voluntarily joined together on the basis of equal rights for mutual material welfare .
Description : What is a Co-operative Society?
Last Answer : What is a Co-operative Society?