Classical

Banking and Financial Institutions - Banking and Financial Institutions Questions

6:  
Assertion (A). Indent may be open or closed. Open indent does not specific the price and other details of the goods. The closed indent specific the brand, price, number, packing, shipping made, insurance etc.
Reason (R). This is required as a part of export procedures. 
A.

Both (A) and (R) are correct

B.

Both (A) and (R) are not correct

C.

(A) is true, but (R) is false

D.

(R) is true, but (A) is false

 
 

Option: C

Explanation :


7:  
Assertion (A). Use of paper money is replaced by plastic money. The future will see the electronic money clearance through satellite networking.
Reason (R). RBI is encouraging e-banking.
A.

(A) is false, but (R) is true

B.

(A) is true, but (R) is false

C.

Both (A) and (R) are false

D.

Both (A) and (R) are true

 
 

Option: D

Explanation :


8:  

The importance of SFls may be attributed to

A.
they constitute an important source of long-term finance to industry.
B.
SFis have played an important role in the development of (a) Small scale industry, (b) Projects in backward areas.
C.
They have helped new and small entrepreneurs in setting up industry.
D.

All of the above

 
 

Option: D

Explanation :


9:  

The ICICI was formed in

A.

1952

B.

1953

C.

1954

D.

1955

 
 

Option: D

Explanation :


10:  

The first Public bank was

A.

SBI

B.

Rural Bank

C.

PNB

D.

Bank of Venice

 
 

Option: D

Explanation :




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