Small Quiz

3

QUESTION 1

Interest payable on saving bank account is _________________

not regulated by RBI

regulated by State Governments

regulated  by Central Government

regulated by RBI

regulated by Finance minster

QUESTION 2

Financial inclusion means provision of__________________

financial services namely, payments, remittances ,savings, loans and insurance at affordable cost to persons not yet given the same

ration at affordable cost to persons not yet given the same

house at affordable cost to persons not yet given the same

food of affordable cost to persons not yet given the same

education at affordable cost to persons not yet given the same

QUESTION 3

Under provisions  of which one of the following Acts, the RBI issues directives to the bank in India?

RBI Act

Banking Regulation Act

Essential Commodities Act

RBI and Banking Regulation Act   

None of these

QUESTION 4

When a bank returns a cheque unpaid , it is called______________

payment of the cheque

drawing of the cheque

cancelling of the cheque

dishonour of the cheque

taking of the cheque

QUESTION 5

Mortgage is a_______________

security movable property for a loan given by a bank

security on immovable property for a loan given by bank

concession on immovable property for a loan given by a bank

facility on immovable property for a loan given by a bank

security on immovable property for a deposit  received by a bank

QUESTION 6

Which one of the following has decided to give guarantee for infer loans_______________

IDBI

SBI

IIFCL

SIDBI

None of these

QUESTION 7

Which one of the following has got RBI nod to issue prepaid cards to its clients?

LIC

GIC

SIDBI

NABARD

None of these

QUESTION 8

Upper limit prescribed for RTGS transaction is________________

Rs 1 Lac

Rs 2 Lac

Rs 5 Lac

Rs 50 Lac

No upper limit is prescribed

QUESTION 9

What does the letter “L” denote in term “LAF” as referred every now and then in relation to monetary policy of the RBI?

Liquidity

Liability

leveraged

Longitudinal

Linear

QUESTION 10

When the rate of inflation increases____________________

purchasing power of money increases

purchasing power of my decreases

value of  money increases

purchasing power of money remains unaffected

amount of money in circulation decreases