1. Commercial Paper may be issued for a period
6. The Banking Commission was appointed by the Government of India in January, 1969 under the Chairmanship of
9. The government of India had appointed a high level Committee in August, 1991 under the Chairmanship of shri M Narasimham to
13. Which of the following is the first commercial bank who had launch a mutual fund?
16. The Commercial Paper may be issued in the multiples of Rs. 5 lakh subject to the minimum size of an issue to a single investor being
17. Machine within or outside the bank premises that enables customers to conduct cash withdrawals and other specific banking transactions without the help of bank staff, is called
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(A) Not exceeding five years
(B) Not exceeding three years
(C) Ranging from 7 days to one year
(D) All of the above
(E) None of the above
2. Fourteen major Indian banks having deposits of more than Rs. 50 crore were nationalized on
(A) 15th August, 1947
(B) 26th January, 1950
(C) 19th July, 1969
(D) 14th February, 1970
(E) None of the above
3. Effective from 19th July, 1969, fourteen major Indian banks were nationalized by the Government of India under
(A) Banks Nationalization Act, 1969
(B) The Banking Companies (Acquisition & Transfer of Undertaking) Act, 1949
(C) The Banking Regulation Act, 1949
(D) The reserve Bank of India Act, 1934
(E) All the above
4. Effective from 15th April, 1980, how many banks with demand and time liabilities exceeding Rs. 200 crore were nationalized?
(A) Five
(B) Four
(C) Six
(D) Ten
(E) None of these
5. Which of the following banks have entered capital market in the wake of Narasimham Committee recommendations?
(A) State bank of India
(B) Oriental Bank of Commerce
(C) Bank of India
(D) All of the above
(E) None of the above
6. The Banking Commission was appointed by the Government of India in January, 1969 under the Chairmanship of
(A) Mr. G D gadgil
(B) Mr L k jha
(C) Mr R g Saraiya
(D) Mr morarji desai
(E) None of the above
7. James Raj Committee was appointed to
(A) Suggest ways and means for financing
Small scale industries
(B) Study functioning of public sector banks
(C) Suggest new methods for financing exports
(D) All of the above
(E) None of the above
8. The Banking laws Committee was headed by
(A) Shri R k talwar
(B) Dr P V Rajamannar
(C) Shri F k F Nariman
(D) Dr Prakash Taandon
(E) None of the above
9. The government of India had appointed a high level Committee in August, 1991 under the Chairmanship of shri M Narasimham to
(A) Review the system of financing large borrowers with aggregate cash credit limits of Rs.50 lakhs and above
(B) Review and suggest ways and means of increasing profitability of public sector banks
(C) Texamine all aspects relating to the structure, organization, functions and procedures of the financial systems
(D) All of the above
(E) None of the above
10. Which of the following is not a recommendation of the committee on banking sector reforms?
(A) A minimum target of 9 percent CRAR should be achieved by the year 2000 and 10 percent by 2002
(b) An asset should be classified as doubtful if it is in the sub-standard category for 18 months in the first instance and eventually for 12 months and loss if it has been so identified but not written off
(C) The debt recovery tribunals should have territorial jurisdiction of the high Court in the concerned state
(D) The Government guaranteed advances which have turned sticky should be classified as NPAs
(E) None of the above
11. The Reserve Bank of India set up a high level Chairmanship of Shri A Ghosh, the then deputy Governor, RB1 to enquire into various aspects of
(A) Restructuring of public sector banks
(B) Frauds and malpractices in banks
(C) Profitability of public sector banks
(D) Credit adequacy to SS1 sectors
(E) None of the above
12. Reserve Bank of India, in regard to RTGS, has decided that
(A) RTGS would be accessible to all retail customers
(B) There would be no floor ceiling for routing transactions through RTGS
(C) Settlement of transactions of the stock market would be conducted through RTGS
(D) All of the above
(E) None of the above
13. Which of the following is the first commercial bank who had launch a mutual fund?
(A) State bank of India
(2) Canara Bank
(C) Indian Bank
(D) Bank of India
(E) Indian overseas Bank
14. SEBI has issued guidelines in respect of mutual fund. The some of the guidelines are
(A) Mutual funds should be constituted as a trust under the outside trustees should be on board
(B) Mutual fund’s business should be authorized by SEBI and it should be operated only by the separately established Asset Management Company (AMC)
(C) AMC shall have a minimum net worth of 10 crore and at least 50% of the members of their board should be independent
(D) All of the above
(E) None of the above
15. Who can invest in a Commercial Paper?
(A) Individuals
(B) Banking Companies
(C) Corporate bodies registered or incorporated in India and unincorporated bodies, Non-Resident Indians (NRIs) and Foreign Institutional investors (Flls)
(D) All of the above
(E) None of the above
16. The Commercial Paper may be issued in the multiples of Rs. 5 lakh subject to the minimum size of an issue to a single investor being
(A) Rs. 5 lakh (face value)
(B) Rs. 2 crore
(C) Rs. 1 crore
(D) Rs. 7 crore
(E) None of the above
17. Machine within or outside the bank premises that enables customers to conduct cash withdrawals and other specific banking transactions without the help of bank staff, is called
(A) Automated Teller Machine (ATM)
(B) PC
(C) Internet
(D) Intranet
(E) Servers
18. A working group on cheque truncation and E-cheques was constituted by the Reserve Bank of Dr RB barman and major recommendations of group include
(A) The physical cheque will be truncated within the presenting bank
(B) Settlement will be generated on the basis of current MICR code line data
(C) Electronic images will be used for payment processing
(D) All the above
(E) None of the above
19. Which of the followings are the other recommendations made by the working group?
(A) Gray scale technology will be deploy for imaging
(B) Images will be preserved for eight years
(C) A centralized agency per clearing location will act as an image warehouse for the banks
(D) Both (1) and (2)
(E) All of the above
20. Real time gross settlement benefits
(A) The customers
(B) The banks
(C) Reserve Bank of India
(D) Both (1) and (2)
(E) None of the above
21. Real time Gross Settlement System means a payment system in which
(A) Both processing and final settlement of funds transfer instructions can take place continuously
(B) Final transaction takes place at the end of the day
(C) Final payment is physically effected within 24 hours
(D) Final settlement of funds take place at 3 PM daily
(E) None of the above
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