Tuesday, 16 May 2017

Banking Questions Test (MCQ)- 66

Q1. The Bank Balance Sheets have … schedules
a.    12      
b.    15      
c.     13      
d.    16      

e.    20
 
Q2. From 2013 RBI has mandated banks to go for legal audit and get the title deeds and documents audited in respect of finance of Rs… and above
a.    1 Cr   
b.    10Cr            
c.     2 Cr             
d.    5 Cr             
e.    None of the above

Q3. Which of the following is not a function of RBI?
  1. Implementation of international best practices in India
  2. Supervision of entire financial system
  3. Supervisor of stock exchanges
  4. Financial stability of the Global Financial System
  5. Supervisor for implementation of the AML/KYC in banks

Q4. Which of the following is/ are function(s) of RBI?
  1. Regulator of the organizations related to banking
  2. Co-coordinator of all regulators of the financial system
  3. Interacts with the self regulatory organizations
  4. Acts as a bank led growth of the economy
  5. All of the above
Q5. Which of the following is not an approved Credit Information Company (CIC) in India
  1. ARCIL
  2. Equifax Credit Information Services Private Limited
  3. Experian Credit Information Co of India Pvt Ltd
  4. Highmark Credit Information Services Pvt Ltd
  5. CIBIL

Q6. Which of the following is/ are function(s) of RBI?
  1. Regulating maintenance of  cash reserve by banks
  2. Issuing and distributing of currency notes
  3. Acting as banker to governments
  4. Managing public debts
  5. All of the above

Q7. Which of the following is/ are function(s) of RBI?
  1. Acting as banker to central government
  2. Acting as banker to state government
  3. Acting as banker to banks
  4. Formulating credit and monetary policy
  5. All of the above

Q8. Which of the following is true about Cash Reserve Ratio?
  1. U/S 42(1) of RBI Act, all SCBs are required to maintain cash reserve with RBI.
  2. Cash Reserve is maintained by SCBs by maintaining balance in their current accounts with RBI.
  3. The amount of cash reserve to be maintained by a bank is fixed by RBI from time to time
  4. The CRR at present is 4% of NDTL
  5. All of the above

Q9. Which of the following is not true about Cash Reserve Ratio?
  1. CRR serves as a mechanism to protect the interest of the depositors by providing immediate liquidity to the banks
  2. CRR is used by RBI as a tool for controlling credit and money supply in the economy
  3. RRBs are exempted to maintain CRR
  4. Failure to maintain minimum CRR on any day the banks are penalized at the rate of Bank Rate plus 3% for the first fortnight of default.
  5. Failure to maintain minimum CRR on any day, banks pay penal interest at the rate of Bank Rate plus 5% for the second and subsequent fortnights of default

Q10. Which of the following are true about NDTL?

  1. NDTL stands for Net Demand and Time Liabilities
  2. NDTL consists of the demand and time liabilities of the Bank to the public and the net demand and time liabilities to the banking system
  3. Bank’s liabilities to NABARD and other DFIS towards the amount of refinance received does not form a part    of the NDTL as these are not liabilities to the banking system
  4. All of the above
  5. Only a & b
Answer-
Q No
Ans
1
d
2
d
3
c
4
e
5
e
6
e
7
e
8
e
9
c
10
d

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