Classical

December 2013 - Paper3

56:  

PIN in banking transaction is known   as

A.

Postal lndex Number

B.
Permanent Identification Number
C.

Personal Identification Number

D.

Public Interlocking Numeric

 
 

Option: C

Explanation :


57:  
Reserve Bank of India was nationalized on
A.

January, 26.1948

B.

January 01,1949

C.

January 26,1950

D.

January 01, 1956

 
 

Option: B

Explanation :

The Reserve Bank of India (RBI) is India's central banking institution, which controls the monetary policy of the Indian rupee. It was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of India Act, 1934 The share capital was divided into shares of 100 each fully paid, which was entirely owned by private shareholders in the beginning. Following India's independence in 1947, the RBI was nationalised in the year 1949.


58:  
When a banking company is placed under moratorium under Section 45 of the Banking (Regulation) Act,
1949, the RBI must prepare a scheme of
A.

VRS for Staff

B.

Capital Buy-Back

C.
Reconstruction of the company or  amalgamation with any other bank
D.

IPO of the bank

 
 

Option: C

Explanation :


59:  
Match the following items of List - I with List - II :
List - I List - II
(i) SWIFT (a) 1996
(ii) NEFT (b) 1988
(iii) BASEL I Accord (c) 1973
iv) BASEL II Accord
(d) 2004

 

A.

(a) (b) (c) (d)

B.

 (b) (c) (a) (d)

C.

(d) (c) (b) (a)

D.

(c) (a) (d) (b)

 
 

Option: B

Explanation :


60:  
The main features of TRIMS are :
 
 (i) All restricrions on foreign capital are imposed.
 
(ii) No restriction is imposed on any area of investment.
 
(iii) Restrictions on repatriation of dividend is eliminated.
 
(iv) Imports of raw material is allowed freely.
 
(v) No limit on the extent of foreign investment
 
Indicate the correct combination
A.

(i), (ii), (iii) and (v)

B.

(ii), (iii), (iv) and (v)

C.

(iii), (iv) and (v)

D.

(iv) and (v)

 
 

Option: B

Explanation :




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