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Question 1
The RBI has asked banks to spell out their policy, procedures arid size of the business on which of the following aspects of banking?
Question 2
Which among the following statements are correct/s in the context with Payment Banks?
A) The minimum paid-up capital requirement for payments banks is Rs. 100 crore
B) Payment banks will offer both deposits as well as loan products.
C) Payments banks will have to invest in government securities with a maturity of up to 1 year
D) Payments banks can open small savings accounts and accept deposits of up to Rs.1 lakh per individual customer.
A) The minimum paid-up capital requirement for payments banks is Rs. 100 crore
B) Payment banks will offer both deposits as well as loan products.
C) Payments banks will have to invest in government securities with a maturity of up to 1 year
D) Payments banks can open small savings accounts and accept deposits of up to Rs.1 lakh per individual customer.
Question 3
The interest rate that is specified on a fixed maturity, and is fixed at the time of issue is known as?
Question 4
Which of the following statements about the White Label ATMs is correct?
1) Indicash is India’s first White Label ATM set up by Tata Communications Payment Solutions Ltd.
2) White Label ATMs (WLA) are the ATMs owned by non-banking entities
3) Minimum Capital Requirement to set up a WLA entity is Rs. 200 crores
1) Indicash is India’s first White Label ATM set up by Tata Communications Payment Solutions Ltd.
2) White Label ATMs (WLA) are the ATMs owned by non-banking entities
3) Minimum Capital Requirement to set up a WLA entity is Rs. 200 crores
Question 5
As per Coinage Act 1906, in India, coins can be issued upto the denomination of?
Question 6
Reserve bank of India recently increased the gold loan limit for Regional Rural Banks. The new limit now stands at?
Question 7
The derivative contract through which two parties exchange a financial instrument is known as ________.
Question 8
Which of the following statement(s) about the shareholding of Regional Rural Banks are true?
1) Sponsored bank holds 35% stake in the bank
2) RBI holds 50% stake in the bank
3) Central Government holds 50% stake in the bank
4) State government holds 15% stake in the bank
1) Sponsored bank holds 35% stake in the bank
2) RBI holds 50% stake in the bank
3) Central Government holds 50% stake in the bank
4) State government holds 15% stake in the bank
Question 9
ATMs set up, owned and operated by non-banks are called White Label ATMs. Non-bank ATM operators are authorized under _____ by Reserve Bank of India.
Question 10
Reserve Bank of India holds ____ % equity in NABARD.
Question 11
For FCNR accounts, the minimum and maximum period for the maturity of a term deposit is ________.
Question 12
‘Trusted Family Bank’ is the tagline of which of the following banks?
Question 13
In order to issue ‘Commercial Papers’, the tangible net worth of the company as per the last audited balance sheet should not be less than which of the following amount?
Question 14
Which of the following is not a precondition for a promissory note?
Question 15
Collateralized Mortgage Obligations are
1. A type of mortgage-backed security with separate pools of pass-through security mortgages
2. It contains varying classes of holders and maturities with the advantage of predictable cash flow patterns.
3. A contract providing income for a specified period of time.
1. A type of mortgage-backed security with separate pools of pass-through security mortgages
2. It contains varying classes of holders and maturities with the advantage of predictable cash flow patterns.
3. A contract providing income for a specified period of time.
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Dec 16PO, Clerk, SO, Insurance
