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39 views4 pages

Banking & FinanceQP

Uploaded by

sunithaurbanhuts
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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SADHANA DEGREE COLLEGE

Uttarahalli- Kengeri Main Road, Bangalore


V SEM BCA I INTERNAL AUGUST 2019
Sub: BANKING AND FINANCE Time: 1½ hr Max
Marks: 35

1. In Economics,it is generally believed that the main objective of the public sector
financial company like bank is to
A. Employee more and more people B. Maximized total profits
C.Maximise total production D.sell the goods at subsidized rate

2. Kyc( know your customer) norms were implemented in the Indian banking system
in 2002 as per the directive of?
A. SEBI B.RBI C.IBA D.IRDA E. none of these

3 On which date RBI was established?


A.1st September 1940 B. 15 August 1947 C. January 26 1950 D. April
1st 1935

4. First Indian governor of RBI


A.C.D Deshmukh B. Sachindra Re C.S Mukherjee D. DG Patil E.none
of these

5. Indigenous bankers are regulated by


A.Reserve Bank of India B Ministry of Finance
C Registrar of cooperative societies. D none of the above

6.Bank of Rajasthan has merged with


A.ICICI Bank B.SBI C.UBI D.PNB

7.Which is the largest private sector bank of India


A.ICICI Bank B.HDFC Bank C.Yes Bank D.Axis Bank

8. The_____ who was the first Indian Bank in real sense


A.PNB B.RBI C.SBI D. UCO

9.The term of the Governor of RBI is


A. 5 years B. 3 years C.1 year D. 10 years

10.Which bank had taken over the Imperial Bank of India?


A. Indian Bank B. SBI C. RBI D. Central Bank of India

11.The bank incorporated in India cannot open a branch outside India without the
prior approval of A. Government of India B. RBI C.EXIM bank D.Joint
director of foreign trade

12.For the performance of its duties as the regulator of credit the Reserve bank of
India
possesses the usual instruments of general credit control viz.
(A) Bank rate (B)Open market operation
(c)The power to vary the reserve requirements of banks
(D) All of the above (E)None of the above

13.The Scheduled banks are registered under which act?


(A)Second schedule of RBI Act,1934 (B)I schedule of RBI Act,1934
(C)Companies act,1956 (D)Partnership act,1932 (E) Income tax act,1961
14.Nationalisation of Imperial Bank of India and its conversion into State Bank of
India
was done in which year?
[A)1935 (B)1920 (C)1965 (D)1940 (E)1955

15.What is the minimum reserve capital that all scheduled banks must maintain in
the
Reserve Bank of India?
(A)10 lakh Rs. (B)1400000 Rs. (C)100 crores
(D)50 lakhs Rs. (E)5 Lakh Rupees

16)On which date,RBI was established?


(A) 1st september 1940 (B)15 august 1947 (C)January 26 1950
(D) 1st october 1930 (E)April 1,1935

17. The money market in our country has been divided into organized sector and
'unorganized sector and which among the following do not fall under the unorganized
sector category?
(A) Reserve Bank oF India (B) All commercial banks
(C) Life Insurance Corporation of India (D) Indigenous banks
(E) General Insurance Corporation of India

18. When it comes to scheduled commercial banks, which out of the following is not
true?
(A) Nationalised banks (B) Regional Rural banks
(C) Foreign banks (D) Private sector banks (E) Local area banks

19.Which of the following is not a function of commercial bank?


(A) Providing project finance
(B) Selling mutual funds
(C)Deciding policy rates like CRR,Repo rates/SLR etc.
(D) Settlement of payments on behalf of the customers
(E)Providing services such as locker facilíties, remittances etc...

2o. To control inflationary situation in the economy RBI can increase one or more of
these
monetary tool?
(A) CRR-SLR-Bank Rate (B)SLR-CRR-Base Rate
(C) CRR-SLR-Repo Rate (D) CRR-SLR-Reverse Repo Rate

21.Who decides how much quantity of the coins to be minted?


(A) Government of India (B)RBI (C)SEBI (D)Finance Ministry(E)President

22.Which bank is known as the lender of last resort?


(A)RBI (B)SBI (C)Finance Ministry (D) Government Treasury (E)SEBI

23.Under which, all commercial bank needs to maintain a certain amount in the form
of
cash, or gold or government approved securities (Bonds)before providing credit to its
customers with themselves?
(A)SLR (Statutory Liquidity Ratio) (B)CRR C) Bank Rate (D)LAF
(E)Repo

24.The Reserve Bank of India (RBI)keeps on modifying various rates/ratios to keep


the
flow of liquidity in the market in balanced situation. Which of the following rates/
ratios/indexes is NOT directly controlled by the RBI?
(A) Cash Reserve Ratio(CRR) (B)Repo Rate(RR)
(C)Reserve Repo Rate(RRR) (D) Wholesale Price Index(WPI)

25. Which of the following is correct statement in respect of debit cards


(A) Debit card facility is provided to those having savings bank account/current
account.. Accounts of individuals, firms and cooperates
(B) This facility is not extended to cash credit/loan account holders
(C) Debit card is issued to all the persons who visit the branch
(D) Both (A) and (B)
(E) All of the above.

26. What are the facilities available to the customers through ATM
(A) Cash withdrawal subject to a predetermined limit per day
(B) Cash deposit (C) Balance enquiry
(D) Details of certain number of transactions (E) All of the above.

27.Which of the following cannot be called as a value Added Service offered by banks
(A) Special Accounts for poor sections of society (B)Accident Insurance Cover
(C)Instant credit of outstations cheques (D)Free cheque books
(E)All of these

28.With an aim to provide better services to the debit card holders, the Reserve Bank
of India(RBI)has directed all commercial and public sector banks to introduce neu
Automated Teller Machines(ATM)that can deliver lower denomination notes such as
(A)10 (B)20 (C)50 (D)None of the above (E)All the above

29. Which of the following banks is limited to the needs of agriculture and rural
finance?
(A)RBI (B)SBI (C)IFC (D)NABARD (E)Axis Bank

30.Open-market operations of Reserve Bank of India refers to?


(A)Trading In securities (B)Auctioning (C)Transaction in gold
(D)All of these (E)None of these

31.RBI Provides----for meeting day-to-day receipt and expenditure mismatch to both


Central and State Governments.
(A)Treasury bills (B) Ways and Means advance
(C)Date and securities (D)All the above (E)None of these

32.RBI Known as lender of last resort because:


(A) It has to meet the credit need of citizens to whom no one else is willing to lend
(B)Banks lend to go to RBl as a last resort (C)It comes to help banks In times of
crisis
(D)All of the above (E)None of these

33.These days RBI uses selective credit control measures rather infrequently
because of:
of' functions
(A)Deregulation (B) Autonomy given to banks
(c)Comfortable liquidity (D) Reasonable inflation level (E) All the above

34.The banking regulation act 1949 applies to


(A)Nationalized banks (B)Non- Nationalized banks
(c ) cooperative banks (D)All the above
35.Bank cannot do which of the business?
(A)Accept demand and time deposits from public (B) sell gold coins
(C)BUY commodities for trading (D) All the above

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