Banking And Financial Institutions - Practice Test

[#101] According to the recent guidelines (2013) of the Reserve Bank of India the Private Sector Banks are required to have a minimum paid up equity capital of

(A) Rs. 300 crores

(B) Rs. 200 crores

(C) Rs. 400 crores

(D) Rs. 500 crores

Correct Answer

(D) Rs. 500 crores

[#102] The apex body in a cooperative marketing in India is:

(A) IFFCO

(B) KRIBHCO

(C) NAFED

(D) None of the above

Correct Answer

(C) NAFED

[#103] Which of the following statement is correct?

(A) A policy reported to be lost, may actually have been assigned

(B) A policy has no value after the payment of survival benefits

(C) Both A and B

(D) None of the above

(E) An insurance agent has fixed working hours

(F) An insurance agent has to mark his attendance in office every day

(G) An insurance agent works according to his schedule

(H) An insurance agent cannot do any other work

Correct Answer

(C) Both A and B
(G) An insurance agent works according to his schedule

[#104] Which of the following is called as Committee on Capital Account Convertibility?

(A) Tarapore Committee

(B) Rangarajan Committee

(C) N. N. Vohra Committee

(D) Indrajit Committee

Correct Answer

(B) Rangarajan Committee

[#105] Which of the following statement/s is/are correct? 1. Chit Funds are type of NBFC 2. All NBFCs are ruled by RBI 3. RBI said any purchase of a stake of 26% or more in a company, or a change in more than 30% of its directors, would need the central bank's permission.

(A) 1 and 2

(B) 2 and 3

(C) 1 and 3

(D) All of the above

Correct Answer

(C) 1 and 3

Banking And Financial Institutions - Study Mode

[#101] According to the recent guidelines (2013) of the Reserve Bank of India the Private Sector Banks are required to have a minimum paid up equity capital of

Correct Answer

[#102] The apex body in a cooperative marketing in India is:

Correct Answer

[#103] Which of the following statement is correct?

Correct Answer

[#104] Which of the following is called as Committee on Capital Account Convertibility?

Correct Answer

[#105] Which of the following statement/s is/are correct? 1. Chit Funds are type of NBFC 2. All NBFCs are ruled by RBI 3. RBI said any purchase of a stake of 26% or more in a company, or a change in more than 30% of its directors, would need the central bank's permission.

Correct Answer