1. Which of the following is a reason for inflation?
(1) Deficit financing
(2) Structural deficiencies
(3) Growth in per capita income
(4) Only 1 and 3
(5) All of the above
2. Which of the following is true about the functions performed by RBI -
(i) It is the Bank of Issue
(ii) It acts as banker to the Government
(iii) It is the banker of other banks
(iv) It regulates the flow of credit
(1) Only (i) and (ii)
(2) Only (iii) and (iv)
(3) Only (i) and (iv)
(4) All of the above
(5) None of the above
3. Nainital Bank is a subsidiary of which of the following banks?
(1) Bank of Baroda
(2) State Bank of India
(3) Syndicate Bank
(4) Reserve Bank of India
(5) None of these
4. Economic development is generally defined to include
(i) Improvements in material welfare, especially for persons with the lowest incomes.
(ii) Eradication of mass poverty with its correlates of illiteracy, diseases and early death.
(iii) Changes in the composition of inputs and outputs that generally include shifts in the underlying structure of production away from agricultural growth.
Select the correct answer using options given below:
(1) Only (i)
(2) Both (i) and (ii)
(3) Only (iii)
(4) Both (ii) and (iii)
(5) All of the above
5. On the contents of the locker, the banker has
(1) right of set-of
(2) particular lien
(3) general lien
(4) Both 2 and 3
(5) None of the above
6. What do you mean by Mortgage?
(1) A security created on immovable property for a deposit received by a bank
(2) A security created on immovable property for a loan given by a bank
(3) A facility created on movable property for a deposit received by a bank
(4) A security created on movable property for a loan given by a bank
(5) None of the above
7. Maximum amount of Cheque
(1) Rs.100 crore
(2) Rs.250 crore
(3) Rs.1 crore
(4) No limit
(5) None of above
8. What happens if a crossed cheque is presented for payment?
(1) It can be paid only through a banker
(2) It cannot be paid at all
(3) It can be paid across the counter in another bank
(4) Only 1 and 2
(5) None of the above
9. Which one of the following is controlled by the world wide web?
(1) Universal banking
(2) Virtual Banking
(3) Wholesale Banking
(4) Only 1 and 2
(5) None of these
10. Which is not an example of electronic funds transfer
(1) RTGS
(2) EFT
(3) MICR
(4) ECS
(5) None of these
Solutions
1. 5
2. 4
3. 1
4. 5
5. 5
6. 2
7. 4
8.1
9. 2
10. 3
(1) Deficit financing
(2) Structural deficiencies
(3) Growth in per capita income
(4) Only 1 and 3
(5) All of the above
2. Which of the following is true about the functions performed by RBI -
(i) It is the Bank of Issue
(ii) It acts as banker to the Government
(iii) It is the banker of other banks
(iv) It regulates the flow of credit
(1) Only (i) and (ii)
(2) Only (iii) and (iv)
(3) Only (i) and (iv)
(4) All of the above
(5) None of the above
3. Nainital Bank is a subsidiary of which of the following banks?
(1) Bank of Baroda
(2) State Bank of India
(3) Syndicate Bank
(4) Reserve Bank of India
(5) None of these
4. Economic development is generally defined to include
(i) Improvements in material welfare, especially for persons with the lowest incomes.
(ii) Eradication of mass poverty with its correlates of illiteracy, diseases and early death.
(iii) Changes in the composition of inputs and outputs that generally include shifts in the underlying structure of production away from agricultural growth.
Select the correct answer using options given below:
(1) Only (i)
(2) Both (i) and (ii)
(3) Only (iii)
(4) Both (ii) and (iii)
(5) All of the above
5. On the contents of the locker, the banker has
(1) right of set-of
(2) particular lien
(3) general lien
(4) Both 2 and 3
(5) None of the above
6. What do you mean by Mortgage?
(1) A security created on immovable property for a deposit received by a bank
(2) A security created on immovable property for a loan given by a bank
(3) A facility created on movable property for a deposit received by a bank
(4) A security created on movable property for a loan given by a bank
(5) None of the above
7. Maximum amount of Cheque
(1) Rs.100 crore
(2) Rs.250 crore
(3) Rs.1 crore
(4) No limit
(5) None of above
8. What happens if a crossed cheque is presented for payment?
(1) It can be paid only through a banker
(2) It cannot be paid at all
(3) It can be paid across the counter in another bank
(4) Only 1 and 2
(5) None of the above
9. Which one of the following is controlled by the world wide web?
(1) Universal banking
(2) Virtual Banking
(3) Wholesale Banking
(4) Only 1 and 2
(5) None of these
10. Which is not an example of electronic funds transfer
(1) RTGS
(2) EFT
(3) MICR
(4) ECS
(5) None of these
Solutions
1. 5
2. 4
3. 1
4. 5
5. 5
6. 2
7. 4
8.1
9. 2
10. 3
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