Deck 1: Banking and Financial Regulations in India

Question 1

Who regulates the money circulation in India?

A)state bank of india
B)reserve bank of india
C)naba
D)commercial banks

Answer 1

reserve bank of india

Question 2

Which of the following is not an organized sector in India?

A)nationalised banks
B)regional rural banks
C)cooperative banks
D)chits and money lenders

Answer 2

chits and money lenders

Question 3

Who will settle the grievances of customers of banks?

A)reserve bank of india
B)state bank of india
C)local courts
D)ombuds men

Answer 3

ombuds men

Question 4

Who introduced the Banking Ombudsmen Scheme?

A)rbi
B)sbi
C)ministry of finance
D)nabard

Question 5

Which was the firth Bank corporated by the Indians? (1881)

A)imperial bank of india
B)state bank of india
C)avadh commercial bank(oudh)
D)reserve bank of india

Question 6

When was Reserve Bank of India established?

A)1920
B)1925
C)1935
D)1948

Question 7

When was Reserve Bank of India Nationalised?

A)1947
B)1948
C)1949
D)1950

Question 8

When was Indian Banking Act come into force?

A)1948
B)1949
C)1950
D)1951

Question 9

Imperial Banks were amalgamated and changed as _________

A)reserve bank of india
B)state bank of india
C)subsidiary banks
D)union bank of india

Question 10

How many banks were first nationalised?

A)10
B)12
C)14
D)16

Question 11

When was the second phase of nationalisation done?

A)9th july 1969
B)10th july 1968
C)16th august 1985
D)15th april, 1980

Question 12

Who will act as the banker to the Government of India?

A)state bank of india
B)reserve bank of india
C)naba
D)nationalised banks

Question 13

Where is the Head Quarter of Reserve Bank of India?

A)mumbai
B)delhi
C)kolkotta
D)ahmedabad

Question 14

When was Lead Bank Scheme introduced?

A)1967
B)1968
C)1969
D)1974

Question 15

The first development financial institution in India that has got merged with a bank is

A)idbi
B)icici
C)idfc
D)uti

Question 16

……….prepared a framework through a consultative process to secure international convergence of supervisory regulations governing the capital adequacy of international banks.

A)basel committee on banking supervision
B)banking committee on banking supervision
C)basel company on banking supervision
D)banking company on banking supervision

Question 17

Gilt edged securities refer to

A)government securities
B)securities issued by municipal corporations
C)securities issu
D)by first class companies

Question 18

Indian Banks Association (IBA) has a common net working system for sharing the ATM facilities in Mumbai, which is known as

A)atm network
B)shared payment network system
C)cash network
D)none of these

Question 19

World Bank stands for

A)nabard
B)gatt
C)ib
D)bank of england

Question 20

Where is the headquarters of SWIFT?

A)hong kong
B)brussels
C)london
D)mumbai

Question 21

NABARD is a

A)department of rbi
B)wholly owned subsidiary of rbi
C)subsidiary of sbi
D)none of the above

Question 22

Which of the following statement is correct.

A)foreign exchange markets are localized markets
B)foreign exchange markets operate within a country's time zone.
C)foreign exchange markets are dynamic a
D)round the clock markets

Question 23

Who is the Governor of RBI?

A)bimal jalan
B)y v reddy
C)raghuram rajan
D)ranga reddy

Question 24

Section 14 of Banking Regulation Act, 1949

A)prohibits a banking company from creating a charge upon any unpaid capital of the company.
B)contains a system of licensing of banks by the r.b.i.
C)provides that the subscrib
D)capital of a banking company should not be less than one-half of its authorized capital.

Question 25

A Bank is under a statutory obligations to honour its customer's cheques vide

A)section 10 of the banking regulation act, 1949.
B)section 3 of the r.b.i.act, 1934.
C)section 31 of the negotiable instruments act, 1881.
D)none of these