1.______ received RBI approval to set up a mutual fund, asset management
company (AMC) and a trustee company ?
HDFC Bank
YES Bank
ICICI Bank
IDFC Bank
ANS: YES BANK
2.Who
are the Regulators for Regional Rural Bank?
Reserve Bank of India
NABARD
NABARD
SIDBI
Both A and B
ANS:
BOTH A AND B
3.The Banking Regulations Act, 1949 was enacted to _____?
Nationalise the banks
Open regional rural banks
Open regional rural banks
Consolidate and amend the laws relating to banking companies
Inviting foreign banks
ANS: Consolidate
and amend the laws relating to banking companies
4.FCNR accounts can be opened and maintained as
_____?
Current Accounts
Saving Banks Accounts
Term Deposit Accounts
Recurring Deposits
ANS:
Term Deposit Account
5.Interest on the savings bank accounts is
compounded ____?
Monthly
Yearly
Quarterly
Half-yearly
ANS:
Monthly
6.An order cheque can be converted into a bearer
cheque by means of ________?
Sans recourse endorsement
Special endorsement
Blank endorsement
Sans frais endorsement
ANS: Blank
endorsement
7.Commercial
paper may be issued for a period of ____?
90 days
91 to 180 days
91 to 180 days
181 days to one year
7 days to 1 year
8. In which country is the Bank of
International Settlement located ?
Swiss
US
Russia
China
ANS:
SWISS
9.Which is the feature of IBS (Integrated Banking Systems)?
Multi Currency
Multi Entity
Multi Batch
Bulk Transaction Entry
All of the above
ANS:
All of the above
10. Which of the following methods is
currently used in India to issue note?
Percentage Reserve System
Fixed Fiduciary System
Minimum Reserve System
Roportional Reserve
System
ANS: Minimum Reserve System
