Money and Banking

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Consider the following: 1. Industrial Finance Corporation of India 2. Industrial Credit and Investment Corporation of India 3. Industrial Development Bank of India 4. Unit Trust of India The correct sequence in which the above were established is:

Consider the following statements: 1. In terms of short-term credit delivery to the agriculture sector, District Central Cooperative Banks (DCCBs) deliver more credit in comparison to Scheduled Commercial Banks and Regional Rural Banks 2. One of the most important functions of DCCBs is to provide funds to the Primary Agricultural Credit Societies. Which of the statements given above is/are correct?

Consider the following liquid assets: 1. Demand deposits with the banks 2. Time deposits with the banks 3. Saving deposits with the banks 4. Currency The correct sequence of these assets in the decreasing order of liquidity is

What is/are the facility/facilities the beneficiaries can get from the services of Business Correspondent (Bank Saathi) in branchless areas? 1: It enables the beneficiaries to draw their subsidies and social security benefits in their villages. 2 It enables the beneficiaries in the rural areas to make deposits and withdrawals. Select the correct answer using the code given below.

'Basel III Accord' or simply 'Basel III', often seen in the news, seeks to

What is/are the purpose/purposes of the 'Marginal Cost of Funds based Lending Rate (MCLR)' announced by RBI? 1. These guidelines help improve the transparency in the methodology followed by banks for determining the interest rates on advances. 2. These guidelines help ensure availability of bank credit at interest rates which are fair to the borrowers as well as the banks. Select the correct answer using the code given below.

The establishment of 'Payment Banks' is being allowed in India to promote financial inclusion, Which of the following statements is/are correct in this context? 1. Mobile telephone companies and supermarket chains that are owned and controlled by residents are eligible to be promoters of Payment Banks: 2. Payment Banks can issue both credit cards and debit cards. 3. Payment Banks cannot undertake lending activities. Select the correct answer using the code given below.

The term 'Core Banking Solutions' is sometimes seen in the news. Which of the following statements best describes/ describe this term? 1. It is a networking of a bank's branches which enables customers to operate their accounts from any branch of the bank on its network regardless of where they open their accounts. 2. It is an effort to increase RBI's control over commercial banks through computerization. 3. It is a detailed procedure by which a bank with huge non-performing assets is taken over by another bank. Select the correct answer using the code given below.

With reference to 'Bitcoins', sometimes seen in the news, which of the following statements is/are correct? 1. Bitcoins are tracked by the Central Banks of the countries. 2. Anyone with a Bitcoin address can send and receive Bitcoins from anyone else with a Bitcoin address. 3. Online payments can be sent without either side knowing the identity of the other. Select the correct answer using the code given below.

The sum of which of the following constitutes Broad Money in India? 1. Currency with the public 2. Demand deposits with banks. 3. Time deposits with banks 4. Other deposits with RBI Choose the correct answer using the codes given below:

The farmers are provided credit from a number of sources for their short and long term needs. The main sources of credit to the farmers include:

As part of the liberalisation programme and with a view to attract foreign exchange, the government and the RBI have, devised two scheme known as FCNR [A] Scheme and FCNR [B] Scheme. Which of the following is/are true regarding these two schemes? 1. Under scheme 'A' RBI bears exchange rate fluctuations. 2. Under scheme 'B' other banks are to meet out the difference in exchange rate fluctuations. 3. Both the schemes stand withdrawn now. 4. Only scheme 'A' has been withdrawn Codes:

Consider the following: 1. Currency with the public 2. Demand deposits with banks 3. Time deposits with banks Which of these are included in Broad Money in India?

Consider the following financial institutions of India: 1. Industrial Finance Corporation of India (IFCl) 2. Industrial Credit and Investment Corporation of India (IClCl) 3. Industrial Development Bank of India (IDBI) 4. National Bank for Agriculture and Rural Development (NABARD) The correct chronological sequence of the establishment of these institutions is:

Consider the following statements: 1. The National Housing Bank the apex institution of housing finance in India, was set up as a wholly owned subsidiary of the Reserve Bank of India 2. The Small Industries Development Bank of India was established as a wholly owned subsidiary of the Industrial Development Bank of India Which of the statements given above is/are correct?

Consider the following statements 1. Reserve Bank of India was nationalized on 26 January, 1950 2 The borrowing programme of the Government of India is handled by the Department of Expenditure, Ministry of Finance Which of the statements given above is/are correct?

Which one of the following Indian banks is not a nationalized bank?

Consider the following statements: 1. Life Insurance Corporation of India is the oldest insurance company in India. 2. National Insurance Company Limited was nationalized in the year 1972 and made a subsidiary of General Insurance Corporation of India. 3. Headquarters of United Indian Insurance Company Limited are located at Chennai. Which of the statements given above are correct?

The National Housing Bank was set up in India as a wholly owned subsidiary of which one of the following?

With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements: 1. They cannot engage in the acquisition of securities issued by the government. 2. They cannot accept demand deposits like Savings Account Which of the statement given above is/ are correct?

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

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

With reference to India, consider the following: 1. Nationalization of Banks 2 Formation of Regional Rural Banks 3. Adoption of villages by Bank Branches Which of the above can be considered as steps taken to achieve the "financial inclusion" in India?

Consider the following statements: The functions of commercial banks in India include 1. Purchase and sale of shares and securities on behalf of customers 2. Acting as executors and trustees of wills Which of the statements given above is/are correct?

The basic aim of Lead Bank Scheme is that

Which of the following grants/ grant 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.

Which one of the following statements correctly describes the meaning of legal tender money?

The Service Area Approach was implemented under the purview of

The Narasimham Committee for financial sector Reforms has suggested reduction in

Priority Sector Lending by banks in India constitutes the lending to

In India, which of the following have the highest share in the disbursement of credit to agriculture and allied activities?

With reference to digital payments, consider the following statements: 1. BHIM app allows the user to transfer money to anyone with a UPI-enabled bank account. 2. While a chip-pin debit card has four factors of authentication, BHIM app has only two factors of authentication. Which of the statements given above is/are correct?

Consider the following statements: 1. Capital Adequacy Ratio (CAR) is the amount that banks have to maintain in the form of their own funds to offset any loss that banks incur if the account holders fail to repay dues. 2. CAR is decided by each individual bank. Which of the statements given above is/are correct?

If you withdraw Rs. 1,00,000 in cash from your Demand Deposit Account at your bank, the immediate effect on aggregate money supply in the economy will be

Which one of the following best describes the term "Merchant Discount Rate" sometimes seen in news?

Which of the following is not included in the assets of a commercial bank in India?

In the context of the Indian economy, non-financial debt includes which of the following? l. Housing loans owed by households 2. Amounts outstanding on credit cards 3. Treasury bills Select the correct answer using the code given below:

The Chairman of public sector banks are selected by the

Consider the following statements: 1. National Payments Corporation of India (NPCI) helps in promoting the financial inclusion in the country. 2. NPCI has launched RuPay, a card payment scheme. Which of the statements given above is/are correct?

Which of the following is a most likely consequence of implementing the 'Unified Payments interface (UPI)"?

What is the purpose of setting up of Small Finance Banks (SFBs) in India? 1. To supply credit to small business units 2. To supply credit to small and marginal farmers 3. To encourage young entrepreneurs to set up business particularly in rural areas. Select the correct answer using the code given below:

'Mission Indradhanush' launched by the Government of India pertains to

In the context of independent India's economy, which one of the following was the earliest event to take place?

Why is the offering of "teaser loans" by commercial banks a cause of economic concern? 1. The teaser loans are considered to be an aspect of sub-prime lending and banks may be exposed to the risk of defaulters in future. 2. In India, the teaser loans are mostly given to inexperienced entrepreneurs to set up manufacturing or export units. Which of the statements given above is/are correct?

'Pradhan Mantri Jan-Dhan Yojana' has been launched for

Microfinance is the provision of financial services to people of low-income groups. This includes both the consumers and the self-employed. The service/services rendered under microfinance is/are: 1. Credit facilities 2. Savings facilities 3. Insurance facilities 4. Fund Transfer facilities Select the correct answer using the codes given below the lists?

With reference to 'Urban Cooperative Banks' in India, consider the following statements: 1. They are supervised and regulated by local boards set up by the State Governments. 2. They can issue equity shares and preference shares. 3. They were brought under the purview of the Banking Regulation Act, 1949 through an Amendment in 1966. Which of the statements given above is/are correct?

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