_______ refers to the system in which two are more banks are brought under common control by a device other than the holding company? A. Chain Banking B. Group Banking C. Mixed Banking D. Branch Banking E. None of the Above

1 Answer

Answer :

A. Chain Banking Explanation: Chain Banking refers to the system in which two are more banks are brought under common control by a device other than the holding company.

Related questions

Description : RBI can inspect the branches of Banks under _______ of the Banking Regulation Act, 1949 A. Section 35 B. Section 25 C. Section 15 D. Section 30 E. None of the Above

Last Answer : A. Section 35 Explanation: RBI can inspect the branches of Banks under section 35 of the Banking Regulation Act, 1949

Description : Reserve Bank of India has made it mandatory on the banks to discontinue the practice of stapling the currency note packets under _______ of the Banking Regulation Act, 1949 A. Section 35A B. Section 25A C. Section 15A D. Section 30A E. None of the Above

Last Answer : A. Section 35A Explanation: The Reserve Bank of India has made it mandatory on the banks to discontinue the practice of stapling the currency note packets. It has issued a directive to banks under Section 35A of the Banking Regulation Act, 1949.

Description : For expanding access to banking services, the RBI has advised banks to open branches with minimum infrastructure support of 8 to 10BC units at a reasonable 3-4km. Such branches are known as _______ A. White Label ATMs B. Ultra Small Branches C. Banking Kiosks D. CBS Terminals E. ICT Hubs

Last Answer : B. Ultra Small Branches Explanation: Ultra Small Branches may be set up between the base branch and BC locations so as to provide support to about 8-10 BC Units at a reasonable distance ... for operating large customer transaction and would have to be managed full time by bank officers/ employees.

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 : What is the purpose of KYC in banking? A. It is used for customer identification B. It is used for increasing the CRR of banks C. It is used against money laundering D. It is used by the central bank to control liquidity E. Both (A) and (C)

Last Answer : E. Both (A) and (C) Explanation: Know your customer (KYC) is the process of a business verifying the identity of its clients. Know your customer policies are becoming much more important globally to prevent identity theft, financial fraud, money laundering and terrorist financing.

Description : C) Doha Bank Explanation: A Qatar-based Indian banker has been awarded for his contribution in environment friendly activities and for promoting green economy for nearly two decades. R Seetharaman, ... Visionary award at the 2016 Union of Arab Banks International Banking Summit held in Rome.

Last Answer : The Department of Posts launched a logo and tagline design contest for its soon-tobe set up India Post Payments Bank on which of the following website? A) GovPost B) IndianPost C) MyGov D) PayPost E) None of these

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 : To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of India under ________ A. Payment and Settlement Systems (PSS) Act 2007. B. Foreign ... Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Last Answer : A. Payment and Settlement Systems (PSS) Act 2007. Explanation: To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of ... PSS) Act 2007. Bharat Bill Payment Operating Units (BBPOUs) will be the authorised operational units.

Description : The banks will be licensed as payments banks 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 payment banks will be licensed as payments banks under Section 22 of the Banking Regulation Act, 1949 and will be registered as public limited company under the Companies Act, 2013.

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 : Infrastructure Finance Company (IFC) is a non-banking finance company has a minimum Net Owned Funds of _______ A. Rs.100 Crore B. Rs.200 Crore C. Rs.500 Crore D. Rs.300 Crore E. None of the Above

Last Answer : D. Rs.300 Crore Explanation: Infrastructure Finance Company (IFC) is a non-banking finance company has a minimum Net Owned Funds of Rs.300 Crore.

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 : A collection of non-bank financial intermediaries that provide services similar to traditional commercial banks is known as _________ A. Off-shore Banking B. Investment Banking System C. Shadow Banking System D. Conventional Banking E. Merchant Banking System

Last Answer : C. Shadow Banking System Explanation: A shadow banking system refers to the financial intermediaries involved in facilitating the creation of credit across the global financial system but ... oversight. The shadow banking system also refers to unregulated activities by regulated institutions.

Description : Sub-prime lending refers to ________ A. lending done by banks at rates below PLR B. Funds raised by the banks at sub-libor rates C. Group of banks which are not rated as ... institutions including banks to customers not meeting with normally required credit appraisal standards E. All of the Above

Last Answer : D. lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards Explanation: In finance, subprime lending (also referred to ... schedule, sometimes reflecting setbacks, such as unemployment, divorce, medical emergencies, etc.

Description : SMERA has been registered under _______ A. Securities and Exchange Board of India Act, 1992 B. Reserve Bank of India Act, 1934 C. Banking Regulation Act, 1949 D. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 E. None of these

Last Answer : D. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 Explanation: SMERA has been registered under Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999.

Description : CERSAI incorporated with majority share holding of ________ A. Government of India B. National Housing Bank C. Public Sector Banks D. Both (B) and (C) E. (A), (C) and (B)

Last Answer : A. Government of India Explanation: 51% of the equity is owned by the government, and the rest is owned equally by National Housing Bank and 10 other public sector banks.

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 : Kotak Mahindra Bank has enabled which of the following banks online shopping portal on its mobile banking app to provide seamless shopping experience for its customers? A) Flipkart B) Snapdeal C) Amazon India D) Ebay India E) Mytra

Last Answer : A) Flipkart Explanation: Private sector lender Kotak Mahindra Bank has enabled online shopping portal Flipkart in its mobile banking application in order to ensure a seamless shopping experience for its ... mode. Through this integration the bank will try to solve that problem for our customers.

Description : Banks are required to maintain SLR under_____ A. Section 24 of the Banking Regulation Act B. Section 35 of the Negotiable Instrument Act, 1881 C. Section 24 of RBI Act D. Section 40 of Indian Contract Act, 1872 E. None of the Above

Last Answer : A. Section 24 of the Banking Regulation Act Explanation: SLR is governed by the provisions of Section 24 of the Banking Regulation Act. There is no minimum stipulation on SLR (earlier there used to ... with an amendment to the Banking Regulation Act in 2007). However, SLR can not exceed 40%.

Description : Which of the following services can be offered by Payment Banks? A. Debit Cards B. Online Banking C. Mobile Banking D. All of the Above E. None of the Above

Last Answer : D. All of the Above Explanation: Payments banks can issue services like ATM cards, debit cards online banking and mobile banking.

Description : Which of the following is a USSD based mobile banking service from NPCI that brings together all the Banks and Telecom Service Providers?. A. WAP B. QSAM C. NUUP D. Both (A) and (B) E. Both (B) and (C)

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Description : Banks issue a letter to beneficiary on behalf of its constituents like guarantee for making payment on their behalf on fulfilment of its terms and conditions. What is this arrangement known in banking context? A. Line of Credit B. Loan to Client C. Loan on Credit D. Letter of Credit

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Description : Which of the following institutions do not hold a banking license? A. Small Banks B. Foreign Banks C. Commercial Banks D. NBFCs

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Description : A mixed economy refers to an economic system where - (1) The economy functions with foreign collaboration (2) Only t he private sector operates under government control (3) Both the government and the private sectors operate sectors operate simultaneously (4) No foreign investment is allowed

Last Answer : (3) Both the government and the private sectors operate sectors operate simultaneously Explanation: Mixed economy is an economic system in which both the state and private sector direct the ... and that the government wields indirect influence over the economy through fiscal arid monetary policies.

Description : A mixed economy refers to an economic system where (1) The economy functions with foreign collaboration (2) Only the private sector operates under government control (3) Both the government and the private sectors operate sectors operate simultaneously (4) No foreign investment is allowed

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Description : CERSAI was registered as a government-licensed company, under section 25 of _________ A. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. B. Companies Act, 1956 C. Banking Regulation Act, 1949 D. Both (A) and (B) E. None of these

Last Answer : B. Companies Act, 1956 Explanation: Central Registry of Securitisation Asset Reconstruction and Security Interest of India is a company licensed under section 25 of the Companies Act, 1956

Description : What is the term for a bank without any branch network that offers its services remotely? A. Internet only Banks B. Direct Bank C. Lending Institution D. Indirect Bank E. Online Bank

Last Answer : B. Direct Bank Explanation: A direct bank is a bank without any branch network that offers its services remotely via online banking and telephone banking and may also provide access via ATMs ... savings which they may pass on to clients via higher interest rates or lower service charges.

Description : Which of the following US-based life and health reinsurer has received the approval regulator IRDAI to set up a branch in the country? A) Swiss Reinsurance America Corporation B) Everest Reinsurance Company C) Reinsurance Group of America D) National Indemnity Company E) None of these

Last Answer : C) Reinsurance Group of America Explanation: US-based life and health reinsurer Reinsurance Group of America (RGA) has received the first level approval regulator Irdai to set up a branch in ... Authority of India (Irdai) has approved R-1 (requisition for registration) application of the company

Description : The Definition of „Banking‟ is given in _______ A. Negotiable Instrument Act, 1881 B. RBI Act, 1934 C. The Banking Regulation Act, 1949 D. Indian Contract Act, 1872 E. None of the Above

Last Answer : C. The Banking Regulation Act, 1949 Explanation: As per Section 5(b) of the Banking Regulation Act, 1949 , -banking means the accepting, for the purpose of lending or investment, of deposits ... the public, repayable on demand or otherwise, and withdraw-able by cheque, draft, order or otherwise.

Description : “Islamic Banking” the term used for _______ A. Covering Banking to Islamic nation B. prohibition of the collection and payment of interest C. Sharing of Profit and loss D. Both (A) and (B) E. Both (B) and (C)

Last Answer : E. Both (B) and (C) Explanation: Two basic principles behind Islamic banking are the sharing of profit and loss and, significantly, the prohibition of the collection and payment of interest by lenders and investors. Collecting interest is not permitted under Islamic law.

Description : RNBC stands for _______ A. Residuary Non Banking Companies B. Reserve Non Banking Companies C. Reserve New Banking Companies D. Residuary New Banking Companies E. None of the Above

Last Answer : A. Residuary Non Banking Companies Explanation: RNBC - Residuary non banking companies. Residuary Non-Banking Company is a class of NBFC which is a company and has as its principal business the ... scheme or arrangement or in any other manner and not being investment, asset financing, loan company.

Description : _______ allows users to access accounts and pay bills (1) Distance Learning (2) Online Banking (3) E-Commerce (4) Multimedia

Last Answer : E-Commerce 

Description : Marketing is complex in Banks compared to other commercial concerns. Which among the following justifies this statement ? 1. Bank marketing is a service Marketing 2. The focus of the bank marketing ... . The Bank marketing is doubly oriented 4. Banking products are intangible 5. None of these

Last Answer : The Bank marketing is doubly oriented

Description : Memory Unit is a part of _______: a) Input Device b) Control Unit c) Output Device d) Processing Unit e) None of The Above

Last Answer : b) Control Unit

Description : When was the monopoly of East India Company in trade brought under the control of the British Crown? -General Knowledge

Last Answer : The answer is '1773 A.D.'

Description : When was the monopoly of East India Company in trade brought under the control of the British Crown? -General Knowledge

Last Answer : answer:

Description : When was the monopoly of East India Company in trade brought under the control of the British Crown? -General Knowledge

Last Answer : answer:

Description : When was the monopoly of East India Company in trade brought under the  control of the British Crown?

Last Answer : 1773 A.D.

Description : When was the monopoly of East India Company in trade brought under the  control of the British Crown?

Last Answer : 1773 A.D.

Description : One day a alchemist brought a king a bottle holding a strange liquid. The alchemist said, 'This liquid I discovered will dissolve anything it touches.' How did the king know that he was lying? -Riddles

Last Answer : The king knew if what he said was true the bottle would get dissolved!

Description : I can buy my own stocks through sites like e-Trade and Schwab and Fidelity. I do my own banking with the bank's web site. Why do I have to buy annuities through a broker (human being)?

Last Answer : I'm pretty sure some annuities you can buy direct from the insurer and not a broker. Have you tried going directly to the company website that you are interested in buying from? Maybe the ... brokers. I think some annuities always carry a load and are only sold through some sort of salesperson.

Description : When more than one bank is allowing credit facilities to one party in coordination with each other under a formal arrangement, the arrangement is generally known as___________ A. Consortium B. Syndication C. Multiple Banking D. Participation

Last Answer : A. Consortium Explanation: A banking syndicate formed by multiple banks, often from different countries, for the singular purpose of financing a specific project that is too large for any individual ... in the risk and the profits. Upon completion of the project the consortium bank is disbanded.

Description : Which of the following statement(s) is/are true concerning the treatment of MOFS? a. Prevention and therapy of MOFS requires control of the infectious or inflammatory source b. Restoration of normal ... of the nature of gut injury, total parenteral nutrition is preferred for most patients with MOFS

Last Answer : Answer: a, c The therapy of MOFS is directed towards interrupting the involving pathophysiologic process and providing an optimal physiologic environment for healing and recovery. ... Enteral absorption and processing of nutrients appears superior to TPN and lessens overall complications

Description : Why banks having less focus on customer although they use direct marketing ? 1. Due to lack of appreciation of need for marketing in banking 2. Banks do not need customers much 3. Direct marketing never gives importance to customers 4. Banks need money than customers 5. None of these

Last Answer : Due to lack of appreciation of need for marketing in banking

Description : Who has been appointed as the head of Working Group on Fin Tech and Digital Banking by RBI? A) NS Vishwanathan B) KR Subramaniam C) Sarvesh Rana D) NS Iyer E) Sudarshan Sen

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Description : Which of the following is/are non-banking subsidiary of the State Bank of India? A. SBI Capital Markets Ltd. B. SBI General Insurance Company Limited. C. SBI Funds Management Pvt Ltd. D. All of the Above E. None of the Above

Last Answer : D. All of the Above Explanation: SBI has the following Non-Banking Subsidiaries in India: SBI Capital Markets Ltd. SBI Funds Management Pvt Ltd. SBI Global Factors Ltd. SBI Cards & Payments ... (SBICPSL) SBI DFHI Ltd. SBI General Insurance Company Limited. SBI Pension Funds Pvt Ltd (SBIPFPL)

Description : IFC is a non-banking finance company with Capital to Risk (Weighted) Assets Ratio (CRAR) of _____ A. 15% B. 20% C. 25% D. 30% E. None of the Above

Last Answer : A. 15% Explanation: IFC is a non-banking finance company with Capital to Risk (Weighted) Assets Ratio (CRAR) of 15%.

Description : The Overseas Principal should obtain necessary authorisation from the Reserve Bank of India under the provisions of which Act to commence/ operate a payment system? A. Reserve Bank of India Act-1934 B. Banking ... , 1949 D. Payment and Settlement Systems Act (PSS Act), 2007 E. None of the Above

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Last Answer : d) None of these