A Bank is a

(a)

Financial institution

(b)

Corporate

(c)

An Industry

(d)

Service institutions

Central bank is_____ authority of any country.

(a)

Monetary

(b)

Fiscal

(c)

Wage

(d)

National Income

Repo Rate means.

(a)

Rate at which the Commercial Banks are willing to lend to RBI

(b)

Rate at which the RBI is willing to lend to commercial banks

(c)

Exchange rate of the foreign bank

(d)

Growth rate of the economy

ARDC started functioning from

(a)

June 3, 1963

(b)

July 3, 1963

(c)

June 1, 1963

(d)

July 1, 1963

Expansions of ATM

(a)

Automated Teller Machine

(b)

Adjustment Teller Machine

(c)

Automatic Teller mechanism

(d)

Any Time Money

Banks issue traveler's cheques to_______

(a)

Group of people

(b)

Family

(c)

Individual

(d)

Couple

"Commercial banks are the institutions that make short term loans to business and in the process create money" was said by_______

(a)

Culbertson

(b)

Adam smith

(c)

Ricardo

(d)

J.M. Keynes

The minimum amount for RTGS transfer is __________.

(a)

2 lakhs

(b)

2.5 lakhs

(c)

3 lakhs

(d)

4 lakhs

__________refers to bank loans and advances

(a)

Credit creation

(b)

Exchange rate

(c)

Bank credit

(d)

Bank debit

________ started functioning from 1st July 1963.

(a)

ARDC

(b)

IMF

(c)

RBI

(d)

SBI

Match the items in the List – I with items in List – II. Select the correct answer from the code given below:

List - I	List - II
I. The Central Bank of Chin	1. 1935
II. The Reserve Bank of New Zealand	2. 1934
III. The Reserve Bank of India	3. 1928
IV. Central Bank of Ceylon	4. 1956

(a)

I	II	III	IV
3	2	1	4

(b)

I	II	III	IV
2	4	1	3

(c)

I	II	III	IV
2	3	4	1

(d)

I	II	III	IV
1	2	3	4

Demand Deposits refers to deposits that can be withdrawn by individuals _____ to the bank.

(a)

without any prior notice

(b)

with prior notice

(c)

both a and b are correct

(d)

none of the above

______ implies that commercial banks provide some utility services to customers by performing various functions.

(a)

Moral Suasion

(b)

General Utility Functions

(c)

Open market operation

(d)

Credit rationing

Find the incorrect answer.

(a)

A non-banking financial institution (NBFI) and non-bank financial company (NBFC) are same.

(b)

A non-banking financial institution (NBFI) and non-bank financial company (NBFC) are not same, both are financial intermediaries.

(c)

A non-banking financial institution (NBFI) and non-bank financial company (NBFC) are not financial intermediaries.

(d)

All the above are incorrect

Under which Act, every bank has to obtain a banking license from RBI to conduct banking business in India.

(a)

Sec 32 of Banking Regulation Act

(b)

Baking Act of Parliament

(c)

Sec 22 of Banking Regulation Act

(d)

None of the above

Find the odd one.

(a)

Rationing of Credit

(b)

Bank Rate

(c)

Open Market Operations

(d)

Variable Cash Reserve Ratio

Expand ARDC

(a)

The Agricultural Restructure Development Corporation

(b)

The Agricultural Refinance Departmental Corporation

(c)

The Agricultural Refinance Development Company

(d)

The Agricultural Refinance Development Corporation

Expand SIDC

(a)

State Industrial Development Company

(b)

Small Industrial Development Corporation

(c)

State Investment Development Corporation

(d)

State Industrial Development Corporation

Expansionary policy is ______ when a monetary authority uses its tools to stimulate the economy

(a)

Fiscal Policy

(b)

cheap money policy

(c)

monetary policy

(d)

Tax policy

Expand RTGS

(a)

Read Time Gross Settlement

(b)

Real Time Gross Settlement

(c)

Real Time Cross Settlem

(d)

Recovery Time Gross Settlement