Tuesday, 29 November 2016

Banking Awareness for NABARD Assistant Mains 2016

Q1. Which of the following is/are true about the “Sub-Prime Crisis”- term which was in the news recently?
(1) It is a Mortgage crisis referring to Credit default by the borrowers. 
(2) Sub-Prime borrowers were those borrowers who were rated low and were high risk borrows.
(3) This crisis originated out of negligence in credit rating of the borrowers. 
(a) Only 1
(b) Only 2
(c) Only 3
(d) All of the above
(e) None of the above

Q2. Commercial banks influence money supply through ____?
(a) Printing of one rupee notes 
(b) Augmentation of savings and time deposits 
(c) Provision of high denomination notes 
(d) Creation of demand deposits 
(e) None of the above

Q3. Minimum cash reserves fixed by law constitute ____?
(a) A percentage of aggregate deposits of the bank 
(b) A %age of aggregate loans and advances of the bank 
(c) A %age of capital & reserves of the bank 
(d) All of the above is correct  
(e) None of the above is correct

Q4. An increase in bank rate, other things being equal, will result into ____?
(a) A decline in the cost of credit including greater and the demand for borrowing 
(b) An increase in the cost of credit discouraging demand for credit 
(c) No change in the cost of credit and the demand for borrowing 
(d) Cost of credit has no relationship with demand for borrowing 
(e) None of the above

Q5. Intangible assets are _____?
(a) Gold
(b) Patents, copyright, goodwill
(c) Home
(d) All of the above 
(e) None of the above

Q6. The Banking Regulations Act, 1949 was enacted to _____?
(a) Nationalise the banks   
(b) Open regional rural banks     
(c) Consolidate and amend the laws relating to banking companies    
(d) Inviting foreign banks  
(e) None of the above

Q7. The Banking Regulation Act was implemented on ______?
(a) September 6, 1949
(b) April 1, 1949
(c) March 10, 1949  
(d) March 31, 1949   
(e) None of the above  

Q8. The fourteen banks were nationalized on _____?
(a) July 19, 1969
(b) June 1, 1969 
(c) June 16, 1969  
(d) July 1, 1969 
(e) None of the above
Q9. The banks were nationalised with the motive to ______?
(a) Develop the country economically  
(b) Give priority to neglected sectors and exports 
(c) Extend finances to weak and backward areas 
(d) All of the above
(e) None of the above

Q10. The remaining six banks were nationalised on ______?
(a) February, 1980  
(b) March, 1976
(c) April, 1969  
(d) April, 1980
(e) None of the above

Q11. The six more banks which were nationalized had demand deposits and liabilities of _____?
(a) Rs. 50 crores or above  
(b) Rs. 100 crores or above 
(c) Rs. 150 crores or above  
(d) Rs. 200 crores or above 
(e) None of the Above

Q12. The main functions of Lead Banks are?
(a) Surveying the resources and potential  
(b) Assisting the small units and small borrowers and other primary lending agencies   
(c) Maintaining contacts and liaison with government and semi-government agencies  
(d) All of the above
(e) None of the above

Q13. Who are the Regulators for Regional Rural Bank?
(a) Reserve Bank of India  
(c) SIDBI  
(d) SBI
(e) None of the above

Q14. Reserve Bank of India Act, 1934 was enacted on the recommendations of _____?
(a) The James Raj Commission   
(b) The Hilton Young Commission 
(c) The Banking Commission, 1993
(d) The President of India   
(e) None of the above 

Q15. The term “Bancassurance” means ______?
(a) Assurance of quality services by the Bank   
(b) Selling of Insurance products by Banks
(c) Selling of Third party Mutual Funds Products 
(d) Selling of Add-on Banking Services  
(e) Selling of Credit Cards 

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