Banking And Financial Institutions - Study Mode

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[#801] When a banking company is placed under moratorium under Section 45 of the Banking (Regulation) Act, 1949, the RBI must prepare a scheme of:

(A) VRS for staff

(B) Capital Buy-Back

(C) Reconstruction of the company or amalgamation with any other bank

(D) IPO of the bank

Correct Answer

(D) IPO of the bank

[#802] Which of the following safeguards are incorporated in Kisan Vikas Patra to prevent money laundering? 1. Upper investment limit is Rs. 10 lakh for an individual. 2. Person has to provide copy of PAN card for investment of Rs. 50,000 or more. 3. Person has to disclose source of income, if investment more than Rs. 10 lakhs. 4. No account can be opened without UID-Aadhar card.

(A) Only 1 and 2

(B) Only 2 and 3

(C) Only 1 and 3

(D) All of them

Correct Answer

(B) Only 2 and 3

[#803] What is true about the Basel Committee on Banking Supervision (BCBS)? 1. BCBS is an Indian National Committee of banking supervisory authority. 2. BCBS was established by a group of 19 nationalized commercial banks. 3. BCBS was established in 1996. 4. It provides a forum for regular cooperation on banking supervisory matters.

(A) 1 and 2 only

(B) 2 and 3 only

(C) 3 and 4 only

(D) 4 only

Correct Answer

(D) 4 only

[#804] Which of the following bank motivate the agriculture and rural development

(A) EXIM bank

(B) Exchange bank

(C) HDFC bank

(D) NABARD

Correct Answer

(D) NABARD

[#805] Oldest operating general insurance company in India

(A) NIACL

(B) NICL

(C) LIC

(D) OICL

Correct Answer

(B) NICL