Classical

December 2013 - Paper2

41:  
Match the following items of List I and List II in terms of functions of commercial banks :
 
            List - I                                                        List - II
 
a) Letter of Reference
 
(i) Advancing loans
b) Sales of gold coins
 
(ii) Receiving deposits
c) Recurring Account
 
(iii) Non-banking function
d) Overdrafts
 
(iv) Agency function

 

A.

(i) (ii) (iii) (iv)

B.

(iv) (iii) (ii) (i)

C.

(iv) (ii) (iii) (i)

D.

(i) (iii) (ii) (iv)

 
 

Option: B

Explanation :


42:  
Which of the following are included under representation functions of a bank ?
 
(i) Payment of cheques and bills
(ii) Providing remittance facilities
(iii) Underwriting of securities
(iv) Advancing clean credit
(v) Allowing overdrafts on current account
(vi) purchase and sale of securities
A.

(i), (ii), (iii), (iv)

B.

(iii), (iv), (v), (vi)

C.

(i), (ii), (iii), (vi)

D.

(ii), (iii), (v), (vi)

 
 

Option: A

Explanation :


43:  
Call money rate is applicable for a very short period to
A.

Inter bank advances

B.
Bank to Reserve Bank advances
C.

Reserve Bank to Bank advances

D.
Commercial Banks to Industrial Banks advances
 
 

Option: A

Explanation :


44:  
Match the following List - I with List - II :
 
                 List - I                                               List - II                                                         
(Name of Securities)                                   (Type of Securities)
(a) Bonds of Land Development Banks

 
 
(i) Semi Government Securities
(b) Treasury Bills

 
(ii) First Order Securities
(c) Shares of a Public Ltd. Co.

 
(iii) Personal Securities

 

A.

(i) (ii) (iii)

B.

(ii) (i) (iii)

C.

(iii) (ii) (i)

D.

(i) (iii) (ii)
 

 
 

Option: D

Explanation :


45:  
Reserve Bank of India controls the activities of some of the following banks in India :
(i) Commercial Banks
(ii) Cooperative Banks
(iii) Foreign Banks
(iv) Rural Banks
A.

(i), (ii) and (iii)

B.

(i), (iii) and (iv)

C.

(ii), (iii) and (iv)

D.

(i), (ii), (iii) and (iv)

 
 

Option: D

Explanation :




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