RBI controls the commercial banks through
(a) periodic inspection of banks
(b) follow up action
(c) calling for returns and other information
(d) All of the above
Answer:
The Lead Bank scheme was introduced by the RBI in:
(a) 1969
(b) 1973
(c) 1971
(d) 1967
Answer:
Under the new system, the RBI acts as the banker to Central Government only, not banker to State Governments.
(a) FALSE
(b) TRUE
Answer:
In a 'no frills' savings bank account, banks usually waive minimum balances condition.
(a) FALSE
(b) TRUE
Answer:
Hindu Undivided Families (HUFs) are not allowed to open current accounts.
(a) FALSE
(b) TRUE
Answer:
While private sector banks and foreign banks earn fees for undertaking government related business, public sector banks have to offer these services for free to government departments.
(a) TRUE
(b) FALSE
Answer:
The three main types of deposit accounts collected by banks are savings bank, certificates of deposit and term deposits.
(a) TRUE
(b) FALSE
Answer:
_____ and ____ are two major companies in the mortgage business and provide stiff competition to the commercial banks in the disbursal of housing loans.
(a) NEDFI, HDFC
(b) NEDFI, HUDCO
(c) HDFC, HUDCO
(d) LIC, HUDCO
Answer:
In case a depositor wishes to withdraw his deposits prematurely, bank
(a) do not allow the same till maturity of the deposits
(b) charge a penalty for the same
(c) do not charge any penalty and allow the same
(d) do not allow premature withdrawal
Answer:
What percentage of India's population lives in rural areas?
(a) 50% to less than 55%
(b) 65% to less than 70%
(c) 70% to less than 75%
(d) 60% to less than 65%
(e) 55% to less than 60%
Answer:
(a) periodic inspection of banks
(b) follow up action
(c) calling for returns and other information
(d) All of the above
Answer:
The Lead Bank scheme was introduced by the RBI in:
(a) 1969
(b) 1973
(c) 1971
(d) 1967
Answer:
Under the new system, the RBI acts as the banker to Central Government only, not banker to State Governments.
(a) FALSE
(b) TRUE
Answer:
In a 'no frills' savings bank account, banks usually waive minimum balances condition.
(a) FALSE
(b) TRUE
Answer:
Hindu Undivided Families (HUFs) are not allowed to open current accounts.
(a) FALSE
(b) TRUE
Answer:
While private sector banks and foreign banks earn fees for undertaking government related business, public sector banks have to offer these services for free to government departments.
(a) TRUE
(b) FALSE
Answer:
The three main types of deposit accounts collected by banks are savings bank, certificates of deposit and term deposits.
(a) TRUE
(b) FALSE
Answer:
_____ and ____ are two major companies in the mortgage business and provide stiff competition to the commercial banks in the disbursal of housing loans.
(a) NEDFI, HDFC
(b) NEDFI, HUDCO
(c) HDFC, HUDCO
(d) LIC, HUDCO
Answer:
In case a depositor wishes to withdraw his deposits prematurely, bank
(a) do not allow the same till maturity of the deposits
(b) charge a penalty for the same
(c) do not charge any penalty and allow the same
(d) do not allow premature withdrawal
Answer:
What percentage of India's population lives in rural areas?
(a) 50% to less than 55%
(b) 65% to less than 70%
(c) 70% to less than 75%
(d) 60% to less than 65%
(e) 55% to less than 60%
Answer: