Q1. The term ‘Moral suasion’ refers to
a) The banker’s duty of secrecy as regards the affairs
and accounts of his customers
b) Moral duty of a borrower to deal with only one bank
c) The advice given by Reserve bank to banks/financial institutions
in the matter of their lending and other operations with the objective that
they might implement or follow
d) All
e) None
Q2. Which of the following are the reasons for dishonour
of cheques, for initiation of procedding under section 138 of the Negotiable
instruments act
a) effects not cleared, please present again
b) insufficient funds
c) not arranged for
d) exceeds arrangement
e) all of the above
Q3. On 19th July 1969, 14 banks were nationalized, these
banks had deposits of more than
a) Rs 25 crore
b) Rs 50 crore
c) Rs 85 crore
d) Rs 100 crore
e) None of these
Q4. Where the signature of the drawer of a cheque is not
genuine, such a cheque is called
a) post dated cheque
b) stale cheque
c) forged cheque
d) all
e) none
Q5. Capital market refers to all the facilities and
institutions arrangements for
a) borrowing
b) lending
c) medium and long term funds
d) all
e) none
Q6. A Pledge means
a) advanced against goods
b) hypothecation of goods
c) bailment of goods as security for payment of a debt or
performance of a promise.
d) Open limits
e) none
Q7. Truncation of cheques means
a) scanning of the cheques and transmission of electronic
image instead of physical cheque in the clearing cycle
b) debiting of drawer’s account through internet
c) Both of the above
d) none of the above
e) (a) or (b)
Q8. What do you mean by Priority sector?
a) Priority sector means a group of activities which are
to be financed on the priority
b) A group of borrowers, from whom, recovery to be made
on priority basis
c) A group of peoples, whose accounts to be opened on
priority
d) all
e) none
Q9. The term ‘ways and means’ advances refer to
a) the temporary advance made to the government by its
bankers to bridge the internal between expenditure and the flow of receipts of
revenue
b) the advance given by the banks to the poorest of the
society
c) lending made under PMRY scheme
d) All
e) None
Q10. National housing banks is wholly owned by:
a) RBI
b) Housing development finance corporation LTD.
c) Housing development boards of various states
d) All
e) none
Answers
1. c) The advice given by Reserve bank to banks/financial institutions in the matter of their lending and other operations with the objective that they might implement or follow
2. c) not arranged for
3. d) Rs 100 crore
4. c) forged cheque
5. d) all
6. c) bailment of goods as security for payment of a debt
or performance of a promise.
7. a) scanning of the cheques and transmission of
electronic image instead of physical cheque in the clearing cycle
8. a) Priority sector means a group of activities which
are to be financed on the priority
9. a) the temporary advance made to the government by its
bankers to bridge the internal between expenditure and the flow of receipts of
revenue
10. a) RBI
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