Banking And Financial Institutions - Study Mode

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[#911] Registering the nomination or cancellation or change of nomination shall be regarded as important policy holder services as observed by IRDA. Recently it has taken steps regarding this registration that

(A) no charge for late payment of premium

(B) no charge for reimbursement

(C) no charge for change of nomination

(D) None of the above

Correct Answer

(C) no charge for change of nomination

[#912] The success of E-banking depends upon: 1. Multi-layer Security System 2. Risk and Surveillance Management 3. Updated Flawless Software 4. Stringent Legal Frame-work

(A) 1 and 2

(B) 1, 2 and 3

(C) 2, 3 and 4

(D) All of the above

Correct Answer

(B) 1, 2 and 3

[#913] Consider the following statements. 1. In case of standard assets, provision for NPA must be 25% for all types of standard assets. 2. In case of sub-standard assets, provision for NPA must be 10% for all types of standard assets. 3. In case of doubtful assets, 100% provision is required for unsecured and secured advances. 4. In case of loss assets, 10% of unsecured and 100% of secured advance must be kept as provision for NPAs. Which of the statement(s) given above is/are correct?

(A) Only 3

(B) 1, 2 and 4

(C) Only 4

(D) Both 1 and 3

Correct Answer

(B) 1, 2 and 4

[#914] Which bank is called the 'Bank of Issue'?

(A) RBI

(B) SBI

(C) IDBI

(D) ICICI

Correct Answer

(A) RBI

[#915] Select the techniques of monetary control adopted by RBI from the following: 1. Cash Reserve Ratio 2. Statutory Liquidity Ratio 3. Bank Rate 4. Foreign Exchange Rate in a full manner

(A) 1, 2, 3, 4

(B) 2, 3 and 4

(C) 1, 3 and 4

(D) 1, 2 and 3

Correct Answer

(D) 1, 2 and 3