01.
Banking regulation act, 1949 does not
at all apply to – primary agricultural credit societies and cooperative land
mortgage banks
02.
As per the provisions of section 12 of
the Banking Regulations act, 1949, the minimum ratio between the authorized,
subscribed and paid up capital of a banking company should be 4:2:1
03.
Under the provisions of section 35(b)
(ii) of the Banking Regulation Act, 1949, inspection of branches of Indian
banks situated abroad is to be carried out by – RBI
04.
The first public sector bank to issue
capital to public is – Oriental Bank of Commerce
05.
The New Private Sector Banks have
been authorized to be set up under the new liberalization policy and the
minimum paid up capital should be – Rs. 200 crore
06.
The Banking Companies act, 1949 was
enacted to consolidate and amend the law relating to banking companies with
effect from 1.3.1966 and the name of the act has been changed to – The banking
regulation act
07.
The management of SEBI consists of – chairman
and five members
08.
The following is the reason for the
success of mutual fund – mutual fund scheme offers to every investor security,
steady growth, regular income and easy liquidity; a small investor gets the
professional expertise of the fund managers of the mutual fund and it carries
tax breaks and this benefit is passed on the investor
09.
The individual investor can claim tax
exception for both principal amount and income from these units under – Sec 80
E of the information technology act
10.
The main objectives of special
electronic fund transfer scheme – SEFT – it is safe; secure and same day
electronic inter bank transfer of funds across the country
11.
Treasury bill is – negotiable
security
12.
RBI as the agent of the central
government issues – treasury bills
13.
The treasury bills are issued at a –
discount
14.
NABARD extends refinance to – State
Land Development Banks, State Cooperative Banks; Regional Rural Banks and
Commercial Banks and other financial institutions approved by RBI
15.
Automatic refinance scheme is available
to the persons financed under – the scheme of setting up of agriclinic and
agribusiness centers; rural non farm sector (investment credit) upto Rs. 15
lakhs and composite loan scheme
16.
The objectives and functions of IDBI include – to
provide technical and administrative assistance for promotion or expansion of
industry; to undertake market and investment research and survey technical and
economic studies in connection with development of industry and to act as
lender of last resort and to finance projects that are in conformity with
national priorities
17.
For availing refinance from IDBI – the industrial
unit should not be SSI; promoter’s contribution should be 25% of project cost
and debt equity ratio should not be more than 2:1
18.
Central Cooperative Banks – serve as the connecting
links between State Cooperative Banks and Primary Credit Societies; finance the
primary credit societies which balance the excess and deficiency in their
resources but do little commercial banking and are closer to the primary societies
than an apex bank
19.
The primary function of a central cooperative bank
is – to mobilize the resources in the district for financing its members; to
channelize the flow of funds from the state cooperative banks and to mobilize
deposit from state government
20.
Diversification refers to entering attractive
opportunities.
21.
Diversification means the activities outside the
existing businesses of the firm
22.
The various types of diversification generally
observed by the business – concentric diversification, horizontal
diversification and conglomerate diversification
23.
The world over most of the supervisory authorities
have adopted the following as the basis of assessment of capital adequacy –
risk assets ratio system
24.
The committee on Banking and Regulations and Supervisory
practices which released the agreed frame work on international convergence of
capital measures and capital standards in July, 1988 is popularly known as –
Basle committee
25.
Basle committee adopted weighted risk assets
approach which assigns weights to – on balance sheet exposure of a bank and off
balance sheet exposure of a bank
26.
CBS – Core Banking Solution
27.
The benefits of Core Banking Solutions – benefit of
not carrying the cash from one place to another; depositing money anywhere in
the country where the bank is present and instant updating of the accounts
28.
Network can be defined as – a system of
communication between various computers used by different users make use of.
29.
Retail banking refers to provision of the basic
services of a bank to the individuals
30.
The following are categorized under retail banking
– personal loans to individuals; vehicle loans; home loans and credit cards
31.
The reduction in the SLR by RBI – will augument the
resources of scheduled commercial banks
32.
Under sections 20, 21 and 21A of the RBI act, 1934,
RBI manages the public debt and issues new loans on behalf of the central and
state governments
33.
Social control of banks was introduced in the year
– 1967
34.
The following form the part of general insurance –
fire, burglary, theft, marine, household, vehicles etc
35.
FDMA means – Frequency Division Multiple Access
36.
Full form of ERNET – Educational and Research
Network
37.
Application of VSAT in bank is – inter branch
reconciliation; funds and securities movement; payment system and monitoring
and MIS reporting
38.
The various facilities offered by banks through
tele banking – balance enquiry; enquiry about collection or specific
credit/debit transactions; transfer of funds and request for statement of
accounts etc.
39.
Home banking refers to – how banking is an extended
version of tele banking; in home banking the customer is able to access his
bank account from his home for availing a variety of services which is made
available and home banking is availed through the customer’s personal computer
attached to a telephone line and modem.
40.
For availing home banking facility, a client should
have the following – personal computer, modem and telephone line
41.
The functions of IRDA – it has the power to specify
the code of conduct for surveyors and loss assessors; it has power to regulate
investment of funds by insurance companies; it has power to supervise the
functioning of tariff advisory committee and it has duty to regulate promote
and ensure orderly growth of the insurance and re-insurance business in the
country
42.
The compelling reasons for bank nationalization are
– concentration of which and economic power in the hands of industrialists and
businessmen; branch expansion was confined to urban areas and rual areas were
being neglected; sectors like agriculture small scale industries and the other
deserving sectors were outside the purview of bank lending operations and
various malpractices indulged in by banks under private ownership
43.
Regional Rural Banks are allowed to pay half per
cent additional interest on savings accounts and time deposits less than three
years
44.
The regulatory authority for Regional Rural Banks
is RBI and NABARD
45.
Bank rate means the standard rate at which the RBI
is prepared to buy or rediscount bills of exchange other commercial paper
eligible for purchase under the RBI act 1934
46.
When RBI desires to restrict expansion of credit it
raises the bank rate
47. In periods of depression when the Reserve Bank of
India desires to encourage the banking system to create more credit it reduces
the bank rate
48.
Sub section 12AB of system 17 of the RBI act, 1934
defines the term: Repo
49. Repo is an instrument for borrowing the funds by
selling securities of the central government or a state government or of such
securities of a local authority as may be specified in this behalf by the
central government or foreign securities, with an agreement to repurchase the
said securities on a mutually agreed future date at an agreed price which
includes interest for the funds borrowed
50.
Sub section 12AB of section 17 of the RBI act 1934
defines the term – Reverse repo rate
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