Finance and Economics Quiz 276

The RBI has prescribed that all SCBs should maintain their SLRs in
(a) dated securities notified by RBI
(b) T-Bills of Government of India
(c) State Development Loans
(d) All the above

Answer:

What does EBT stand for?
(a) Electronic Belated Transfer
(b) Electric Beginners transaction
(c) Electronic Benefit Transfer
(d) Electronic Beginning Transaction

Answer:

With growing savings among households in India, the need for retail credit is declining.
(a) TRUE
(b) FALSE

Answer:

In India, the RBI prescribes the minimum SLR level for Scheduled Commercial Banks in India in specified assets as a percentage of Bank's ______
(a) Net Demand and Time Liabilities
(b) Demand Liabilities
(c) Time Liability
(d) None of the above

Answer:

If the beneficiary of a cheque has lost the cheque, he can instruct the paying bank to stop payment of the cheque without waiting for the account holder's instructions.
(a) TRUE
(b) FALSE

Answer:

The CRR refer to the share of _____ that banks have to maintain with RBI of their net demand and time liabilities.
(a) illiquid cash
(b) forex reserves
(c) gold
(d) liquid cash

Answer:

While outsourcing, the only consideration should be cost savings
(a) TRUE
(b) FALSE

Answer:

Lord Krishna Bank Ltd. is a
(a) new private sector bank
(b) old private sector bank
(c) public sector bank
(d) regional rural bank

Answer:

Government securities issued by the Central Government are considered to be part of SLR securities, but not securities issued by State Governments.
(a) FALSE
(b) TRUE

Answer:

Under the Banking Regulation Act insurance is not included in the list of permissible businesses. However, Ministry of Finance provides special permission to banks to enter the insurance business.
(a) FALSE
(b) TRUE

Answer: