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Banking Awareness for Banking exams

1.Section 6(A) of B.R. Act has given the list of ancillary services which can be rendered by a Bank under the Banking Regulation Act. in the event that a Bank wants to undertake any other services (other than the list):

A.The bank can seek authority from the RBI

B.Board of directors of that Bank can decide the business suitable to the bank

C.It can be decided by the Bank in the shareholders meeting

D.Bank can do so if that business is notified by the Central Government as the lawful business of a Banking company


2.Banking Companies are prohibited under Sec 8 of banking Regulation Act to sell and purchase securities. Yet Banks are selling securities (of the customer) which are under pledge as permitted by:

A.Indian Contract Act

B.SARFAESI Act

C.Government Notification

D.Banking Regulation Act


3.Cryptocurrency is a _______ .

A.Plastic Money.

B.Digital Medium of Exchange

C.Digital payment

D.Both A & B


4.Computer Emergency Response Team India comes under ___________.

A.Ministry of Communications and Information Technology

B.Ministry of Commerce.

C.RBI

D.Department of Information & Technology.


5.Which country did not participated in the 44th World Economic Forum ?

A.India

B.Israel

C.Iran

D.None of these













Solutions

1.D
2.D
3.B
4.A
5.D





5 Banking and SSC : Banking Awareness for Banking exams 1.Section 6(A) of B.R. Act has given the list of ancillary services which can be rendered by a Bank under the Banking Regulation Act. in t...

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