July 16, 2024
Which of the following would come under purview of Differentiated Banks:
1 Regional Rural Banks.
2. Small Finance Banks.
3. Payment Banks.
Which of the statements given is/are correct?
  • (A) 1 and 3 only
  • (B) 2 and 3 only
  • (C) 1 and 2 only
  • (D) 1, 2 and 3 only
Consider the following statements:
1. Payments banks can issue credit cards.
2 Payments banks can Handle cross-border remittances.
Which of the statements given below is/are incorrect?
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Which of the following statement(s) is/are correct?
1 Bank recapitalisation, means recapitalising banks with new capital to improve their balance sheet.
2. The government pours capital into banks by either buying additional shares or issuing bonds in accordance with RBI requirements.
Select the answer using the codes given below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Which of the following statements is/are correct?
1 Development banks are also known as term-lending institutions.
2. NABARD, EXIM Bank are the examples of Development Banks.
Select the answer using the codes:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Which of the following is/are correct?
1 Co-operative banks in India are registered under the Central Cooperative Societies Act.
2. Co-operative bank members are both customer and owner of the bank.
Select the answer using the codes given below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) None
Which of the following is/are correct?
1 Shadow banking is a term used to describe bank-like activities that take place outside the traditional banking sector.
2. The term ‘shadow bank’ was coined by Paul McCulley in 2007.
Select the answer using the codes given below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Which of the following is/are correct?
1 The "Bank of Hindustan," established in 1770 in the then-Indian capital of Calcutta, was the country's first bank.
2. Schedule banks are those that are listed in the Second Schedule of the Banking Regulation Act, 1934.
Select the answer using the codes given below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2 
  • (D) Neither 1 nor 2
Consider the following statements regarding Reserve Bank of India?
1 Osborne Smith was the first Governor of RBI.
2. It was nationalized on January 1, 1949.
3. It collects receipts of funds and makes payments on behalf of the government.
Select the correct statement(s) using the code given below:
  • (A) 1 and 3 only
  • (B) 2 only
  • (C) 1 and 2 only
  • (D) 1, 2 and 3
Which of the following is/are correct?
1 Variable Cash Reserve Ratio as an objective of monetary policy was first suggested by J.M. Keynes.
2. The commercial banks as per the statute has to maintain reserves based on their demand deposit and fixed deposit with central bank is called as Cash Reserve Ratio.
Select the answer using the codes given below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2 
  • (D) Neither 1 nor 2
With reference to Indian economy, consider the following:
1 Rationing of Credit.
2. Moral Persuasion.
3. Method of Publicity.
4. Direct Action.
Which of the above is/are qualitative tools of Monetary Policy?
  • (A) 2 and 3 only
  • (B) 1, 2, 3 and 4
  • (C) 1 and 2 only
  • (D) 1, 3 and 4 only
The main objective of the RRBs is to provide credit and other facilities particularly to?
  • (A) Small and marginal farmers
  • (B) Agricultural labourers
  • (C) Small artisans
  • (D) All of the above
Consider the following statements:
1 NABARD acts as a refinancing institution for all kinds of production and investment credit to agriculture.
2. NABARD has the responsibility of coordinating the activities of Central and State Governments, the NITI Aayog.
Which of the above given statement(s) is/are not correct?
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Which of the following is/are correct w.r.t. priority sector lending(PSL)?
1. The scheme of priority sector lending was introduced by RBI in the year 1974.
2. The scheme was initially introduced in public sector banks only.
3. Regional Rural Banks have to lend 40% of their credit in PSL.
Which of the above given statement(s) is/are correct?
  • (A) 1 only
  • (B) 2 and 3 only
  • (C) 1 and 2 only
  • (D) 1, 2, and 3
Which of the following is/are correct?
1. The committee on Financial Sector Reforms—A 100 Small Steps is related to payment banks.
2. Committee on Comprehensive financial services for small businesses and low income households is related to Small finance banks.
Which of the above given statement(s) is/are correct?
  • (A) 1 only
  • (B) 2 only
  • (C) 1 and 2 only
  • (D) None
Consider the following statements:
1 Commercial banks issue bank checks and drafts.
2. A payment bank is a distinct type of bank that performs only the limited banking functions permitted by the Banking Regulation Act of 1949.
Which of the above given statement(s) is/are incorrect?
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2

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