Money,Banking and Capital Market-Test 1

Which of the following grant/grants direct credit assistance to rural households?

1. Regional Rural Banks.
2. National Bank for Agriculture and Rural Development.
3. Land Development banks.
   Select the correct answer using the codes given below.

Consider the following statements

1. In India the minimum denomination coin acceptable for transaction is 50 paise.
2. Coin below 50 paise is not a legal tender for payment.
   Which of the statements given below is/are correct?

Economic growth is usually coupled with

The lowering bank rate by the RBI leads to

What is correct about the term ‘transfer payments’?

A rapid increase in the rate of inflation is some times attributed to the ‘base Effect’.

What is ‘Base Effect’?

Which one of the following is not a ‘Money market Instrument’?

Which one of the following Public Sector Bank’s emblem figures a dog and the words ‘faithful friendly’ in it?

Consider the following objectives

1. To restrict the expansion of bank credit.
2. To augment the investment of the banks in government securities.
3. To ensure solvency bank.
   Which of the above are the main objectives of the Statutory Liquidity Requirements (SLR) povisions?

What is a ‘Debit card’ ?

In which of the following years , India switched over to decimal currencies ?

When the Reserve Bank of India announces an increase of Cash Reserve Ratio, what does it mean?

The Reserve bank of India was established on……..and nationalised on……….  .

Banking  Ombudsman is appointed by

……….. was the first complete Commercial Bank of India.

Which one of the following is a retail banking product?

Select the incorrect ststement/ststements about the Non Performing Asset (NPAs) of banks in India, using the code given below:

1. the debt ,which remain NPAs for more than 18 months  are known as ‘doubtful’.
2. Banks debt, which remain NAPs for less than or equal to 18 months are known as ‘sub-standard’.

In India, the interest rate of savings accounts in all the nationalized commercial banks is fixed by

With the reference to the institution of banking Ombudsman in India, which one of the statement is not correct?

Narsimham committee recommendations are regarding with sector?

Select the correct advices given by the Narsimham Committee-l regarding the Priority Sector Lending (PSL) obligation of the banks operating in India, using the code given below:

1. Cutting it to 10 per cent from its present level of 40 per cent
2. Shuffling of the items covered by it
3. Phasing out of the PSL obligation

The customers by opening and investing in the tax Saver Deposit Accounts Scheme in a bank would get benefit under

Consider the following statements

1. The loans disbursed to farmers under Kisan Credit Card Scheme are covered under Rashtriya Krishi Beema Yojana of life Insurance Corporation of India.
2. The Kisan Credit Card holders are provided personal accident Insurance of Rs 50000 for accidental death and Rs 25000 for permanent disability.
   Which of the statements given above is/are correct?

Base rate is the rate below which no bank can allow their lending to anyone. Who sets up this ‘Base Rate’ for banks?

Special Drawings Rights (SDRs) relate to