December 2015 - Paper 2

41:  

Assertion (A) : Taking of deposits and granting of loans single out banks.

Reasoning (R) : Banks act as intermediaries when they mobilize savings from surplus units to shortage units in order to finance productive activities.

A.

Assertion (A) is correct and Reasoning (R) is the correct explanation of (A).

B.
Both Assertion (A) and Reasoning (R) are correct but (R) is not the correct explanation of (A).
C.

Assertion (A) is correct but Reasoning (R) is incorrect.

D.

Reasoning (R) is correc t but Assertion (A) is incorrect.

 
 

Option: A

Explanation :

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42:  

"Skirnrning" in e-banking refet to : 

A.

Identifying fraudsters copying vital information from cred it cards

B.

Multiple transactions by one credit card

C.

Conversion of a debit card into credit card

D.

None of the above

 
 

Option: A

Explanation :

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43:  
Match the items of List - I with List - II in terms of functions of a bank:
 
List - I                                        List - II
(Activities)                              (Functions)
 
(a) Underwriting                  (i) Primary Functions
 
(b) Transfer of funds           (ii) Granting Advances
 
(e) Overdraft                     (iii) Utility Functions
 
(d) Recurring Deposits       (iv) Agency Functions
A.

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

B.

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

C.

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

D.

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

 
 

Option: C

Explanation :

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44:   Which among the following is not a subsidiary of Reserve Bank of India?

(a) Deposit Insurance and Credit Gaurantee Corporation of lndia.

(b) Bharatiya Reserve Bank Note Mudran Private Limited.
A.

Only (a)

B.

Only (b)

C.

Both (a) and (b)

D.

Neither (a) nor (b)

 
 

Option: D

Explanation :

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45:   Which among the following is not associated with NABARD ?

(a) NIEAF (b) BIRD (e) RIDF (d) SHPI
A.

(a) only

B.

(b) only

C.

(b) and (c) only

D.

None of the above

 
 

Option: D

Explanation :

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