Classical

Banking and Financial Institutions - Banking and Financial Institutions MCQ

1:  

Bank deposit refers to

A.
The amount of money standing to the credit of a customer of a bank
B.
A term used by the Federal Reserve to refer to the total deposits of member banks
C.
The amount of money standing to the debit as a customer of a bank
D.

All of the above

 
 

Option: D

Explanation :

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Bajrang said: (11:54am on Tuesday 31st January 2017)
how bank deposit may be as amount of money standing to the credit and debit of a customer of bank? as it is given in option A and C.

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2:  
As per the RBI's clean note policy writing on a currency note is
A.

An offense

B.

A crime

C.

A punishable offence

D.

The notes becomes non-legal tender

 
 

Option: C

Explanation :

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pratiksha said: (12:22am on Monday 27th March 2017)
The notes becomes non-legal tender

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3:  
Nationalization of banks aimed at all of the following except
A.

Removal of control by a few

B.

Provision of control by a few

C.
Provision of adequate credit for agriculture, small industry and export units
D.

Encouragement of a new class of entrepreneur

 
 

Option: B

Explanation :

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4:  
Who is the chairman of the working group to review the Benchmark Prime Lending Rate constituted by RBI?
A.

M.S. Verma

B.

R.N. Malhotra

C.

J.V. Shetty

D.

Deepak Mohanty

 
 

Option: D

Explanation :

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5:  
Which of the following is the latest buzzword among bankers
A.

Social banking

B.

Financial inclusion

C.

Mass banking

D.

None of the above

 
 

Option: B

Explanation :

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