1. A Bank would usually allow opening of a current account to _________?
(a) Minor Customer
(b) Lunatic person
(c) Declared Insolvent person
(d) Illiterate person
(e) None of the Above
2. As a bank officer, you shall not open a _____ account in the name of minor customer?
(a) Saving account
(b) Current Account
(c) Fixed Deposit Account
(d) Not open any of the above accounts
(e) Allow any of the above account
3. The salient features of Bank, defined in terms of Banking Regulation Act stipulate that a bank must engage in ________?
(a) Accepting deposits (Resources)
(b) Lending or Investing the Resources
(c) Lending the Resources
(d) Both A and C
(e) Both A and B
4. In order to provide protection to the deposits held with banks and insurance for a minimum of their deposits with Banks, the following Institution was established _______?
(a) Reserve Bank of India
(b) State Bank of India
(c) Deposit Insurance and Credit Guarantee Corporation
(d) Securities and Exchange Board of India
(e) Life Insurance Corporation of India
5. What matters most during a run on the bank, is _______?
(a) The liquidity of the bank
(b) The solvency of the bank
(c) The number of depositors
(d) Safety of bank
(e) All of the Above
6. For a scheduled bank the paid up capital and collected funds of bank should not be less than ______?
(a) Rs. 5 lakh
(b) Rs. 6 lakh
(c) Rs. 1 crore
(d) Rs. 5 crore
(e) Rs. 50 lakh
7. The phenomenon of a continuous decrease in prices of goods and services in the economy is, known as _______?
(a) Inflation
(b) Deflation
(c) Stagflation
(d) Market crash
(e) None of the Above
8. What is the stipulated share of the priority sector in the net bank credit?
(e) None of the above
9. Which of the following statements is not true?
(a) Call money market deals with overnight loans
(b) As special cases, few Fls like LIC, UTI can borrow in the call money market
(c) Call loans are made on a ‘clean’ basis
(d) Is a part of organised money market
(e) None of the above
10. Certificates of Deposits have to be of a minimum value of __________?
(a) Rupees 1 lakh
(b) Rupees 10 lakh
(c) Rupees 25 lakh
(d) Rupees 1 crore
(e) None of the above
Answers will be provided soon
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