Banking And Financial Institutions - Study Mode

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[#726] Which bank has secured four awards for inclusive insurance in 2016 from Skoch Group?

(A) Karnataka Vikas Grameen Bank

(B) Telangana Grameen Vikas Bank

(C) Prathama Gramin Bank

(D) Vidarbha Konkan Gramin Bank

Correct Answer

(A) Karnataka Vikas Grameen Bank

[#727] Assertion (A) "The problem of rural credit is not primarily one of rural credit, it may be said to be one of rural minded credit." Reason (R) The Indian economy has yet to come out of rural mentality.

(A) Both (A) and (R) are correct

(B) Both (A) and (R) are incorrect

(C) (A) is correct, but (R) is incorrect

(D) (R) is correct, but (A) is incorrect

Correct Answer

(B) Both (A) and (R) are incorrect

[#728] Match the following. List-I (Activities) List-II (Functions) a. Underwriting 1. Primary functions b. Transfer of funds 2. Granting advances c. Overdraft 3. Utility functions d. Recurring deposits 4. Agency functions

(A) a-1, b-2, c-4, d-3

(B) a-4, b-3, c-2, d-1

(C) a-3, b-4, c-2, d-1

(D) a-2, b-4, c-3, d-1

Correct Answer

(C) a-3, b-4, c-2, d-1

[#729] Funds which combined the features of an Open-Ended and Close-Ended funds are known as which of the following?

(A) Interval Funds

(B) Balance Funds

(C) Specialty Funds

(D) None of the above

Correct Answer

(A) Interval Funds

[#730] Which of the following statements are true? 1. RBI follows Minimum Reserve System for issuing paper currency note. 2. Under Section 22 of the RBI Act, the RBI issues notes. 3. The bill which does not require any acceptance is called Promissory Note. 4. Bank deposit is a non-marketable security.

(A) 1, 2 and 4

(B) 2, 3 and 4

(C) 1, 3 and 4

(D) 1, 2, 3 and 4

Correct Answer

(D) 1, 2, 3 and 4