Classical

Banking and Financial Institutions - Banking and Financial Institutions MCQ

21:  
Which of the following provides financial aid to the developing countries of Asia?
A.

Association of South East Asia Nations

B.

International Development Association

C.

Asian Development Bank

D.

None of the above

 
 

Option: C

Explanation :


22:  
Suspicious Transactions Reports (STRs) is submitted to
A.

RBI

B.

Banking Department, Ministry of Finance

C.

FIU-IND

D.

Central Bureau of Investigation (CBI)

 
 

Option: C

Explanation :


23:  
Which section of Banking Regulation Act 1949 provides nomination for payment of depositor's money?
A.

Section 42

B.

Section 24

C.

Section 110A

D.

Section 452A

 
 

Option: D

Explanation :


24:  

Relationship of banker with payee of draft

A.

Trustee and Beneficiary

B.

Drawees and Drawee

C.

Licensor and Licensee

D.

Principle and Agent

 
 

Option: A

Explanation :


25:  

Which of the following statement is true

A.
The currency notes issued by RBI are legal tender throughout the world.
B.
The treasury bills are sold by the RBI for raising its working capital.
C.
All commercial banks, including those owned by government, do not need a licence from the RBI to do banking business.
D.
The RBI is a banker to both central and state governments
 
 

Option: D

Explanation :




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