question_answer 1)
Board for Financial Supervision (BFS) constituted in 1994 by RBI to undertake consolidated supervision of
A)
commercial banks done
clear
B)
financial institutions done
clear
C)
non-banking finance companies done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 2)
SMERA is an SME Rating Agency in India meant for
A)
rating on credit worthiness of MSME done
clear
B)
rating on quality management done
clear
C)
rating on training system done
clear
D)
rating on technology usage in (the organisation) done
clear
E)
None of these done
clear
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question_answer 3)
Banks which undertake financial services such as insurance business, underwriting, and equipment leasing, are called
A)
Traditional Banking done
clear
B)
Para Banking done
clear
C)
CASA Banking done
clear
D)
Narrow Banking done
clear
E)
None of these done
clear
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question_answer 4)
Banks are allowed to form subsidiaries as per
A)
Section 19(1) of the Banking Regulation Act, 1949 done
clear
B)
The Reserve Bank of India Act, 1934 done
clear
C)
The Subsidiary Banks General Regulation, 1959 done
clear
D)
SIDBI General Regulations, 1990 done
clear
E)
None of these done
clear
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question_answer 5)
Which financial institution established by IBRD-American Mission, in 1955?
A)
IDBI done
clear
B)
ICICI done
clear
C)
SBI done
clear
D)
RRB done
clear
E)
PNB done
clear
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question_answer 6)
Bank of Rajasthan was merged with
A)
HDFC Bank done
clear
B)
ICICI Bank done
clear
C)
AXIS Bank done
clear
D)
Citi Bank done
clear
E)
None of these done
clear
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question_answer 7)
ICICI provides financial assistance to
A)
small-scale industries done
clear
B)
medium-scale industries done
clear
C)
large-scale industries done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 8)
ICICI provides assistance by way of
A)
long and medium-term loans and equity participation done
clear
B)
guaranteeing rupee and foreign, currency loans raised from other sources done
clear
C)
underwriting issues of shares and debentures done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 9)
The most significant feature of ICICI's operations is
A)
the foreign currency loans sanctioned by it done
clear
B)
to channelise World Bank Funds to industry in India and to build capital market in India done
clear
C)
the refinance facilities extended by it done
clear
D)
Both [a] and [b] done
clear
E)
None of these done
clear
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question_answer 10)
In the State of India, the State Financial Corporation have given assistance mainly to develop
A)
agricultural farms done
clear
B)
cottage industry done
clear
C)
large-scale industries done
clear
D)
medium and small-scale industries done
clear
E)
None of these done
clear
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question_answer 11)
The services provided by merchant bankers includes
I. management of mutual funds. II. public issues. III. dealing with the corporate clients and advising them on various issues.
Select the correct answer using the codes given below
A)
Only I done
clear
B)
I and II done
clear
C)
II and III done
clear
D)
All of these done
clear
E)
None of these done
clear
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question_answer 12)
Which was the first mutual fund started in India?
A)
SBI Mutual Fund done
clear
B)
Indian Bank Mutual Fund done
clear
C)
Kotak Pioneer Mutual Fund done
clear
D)
Unit Trust of India done
clear
E)
None of these done
clear
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question_answer 13)
Which of the following mobilise (s) the savings of the public to specifically invest in the industrial securities?
A)
UTI done
clear
B)
LIC done
clear
C)
GIC done
clear
D)
All of these done
clear
E)
None of these done
clear
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question_answer 14)
Banks are authorised to sell third party products. Which are these products?
A)
Mutual funds done
clear
B)
Term deposits done
clear
C)
Credit cards done
clear
D)
Gift cheques done
clear
E)
None of these done
clear
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question_answer 15)
Which of the following is/are subsidiaries of banks that offer para banking services?
A)
SBI Pension Funds Private Ltd done
clear
B)
SBI Mutual Fund done
clear
C)
ICICI Ventures done
clear
D)
All of the above done
clear
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question_answer 16)
The UTI was established in
A)
1956 done
clear
B)
1964 done
clear
C)
1972 done
clear
D)
1976 done
clear
E)
None of these done
clear
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question_answer 17)
What do you understand by Tara Banking services?
A)
Eligible financial services rendered by banks done
clear
B)
Utility services provided by banks done
clear
C)
Services provided through business correspondents done
clear
D)
Services provided to armed force personnel done
clear
E)
None of these done
clear
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question_answer 18)
Expand the term BCBS.
A)
Bank's Committee on Banking Supervision done
clear
B)
Basel Committee on Banking Supervision done
clear
C)
Bank's Commission on Banking Supervision done
clear
D)
Basel Commission on Banking Supervision done
clear
E)
None of these done
clear
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question_answer 19)
Net balance maintained in current account by co-operative banks with .......... are not treated as cash for the purpose of CRR/SLR.
A)
State Bank of India done
clear
B)
State Bank of Hyderabad done
clear
C)
IDBI Bank Limited done
clear
D)
Canara Bank done
clear
E)
All of these done
clear
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question_answer 20)
Which of the following business parameters is/are required by sponsor banks to maintain relationship with their subsidiary banks?
A)
Borrowing/lending of funds done
clear
B)
Transferring/selling/buying of securities done
clear
C)
Both [a] and [b] done
clear
D)
None of these done
clear
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question_answer 21)
The formal beginning of the merchant banking services in India began in 1967, when the Reserve Bank of India provident license to the
A)
State Bank of India done
clear
B)
Oriental Bank of Commerce done
clear
C)
Grindlays Bank done
clear
D)
Federal Bank done
clear
E)
None of these done
clear
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question_answer 22)
Banks in their daily business, face various kinds of risks. Which of the following is one such major risk?
A)
Customer risk done
clear
B)
Reputation done
clear
C)
Goodwill risk done
clear
D)
Protection risk done
clear
E)
Operational risk done
clear
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question_answer 23)
All merchant banks must be worth atleast
A)
Rs. 1 crore done
clear
B)
Rs. 2 crore done
clear
C)
Rs. 3 crore done
clear
D)
Rs. 4 crore done
clear
E)
Rs. 5 crore done
clear
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question_answer 24)
Which of the following laws governs RBI's approval for making strategic investment in VCFs?
A)
Section 19(2) of the Banking Regulation Act, 1949 done
clear
B)
State Financial Corporations Act, 1951 done
clear
C)
Reserve Bank of India Act, 1934 done
clear
D)
Companies Act, 1956 done
clear
E)
None of these done
clear
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question_answer 25)
Basel norms are important international regulatory stipulations. It is meant for which sector?
A)
Insurance done
clear
B)
Banking done
clear
C)
Micro Finance done
clear
D)
Pension funds done
clear
E)
None of these done
clear
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question_answer 26)
Mutual funds fall within supervisory purview of
A)
SBI done
clear
B)
RBI done
clear
C)
SEBI done
clear
D)
IRDA done
clear
E)
None of these done
clear
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question_answer 27)
What are major functions undertaken by merchant bankers?
A)
Issue management done
clear
B)
Capital structuring / restructuring done
clear
C)
Market maker in capital market done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 28)
Which of the following regulatory frameworks should be followed to maintain relationship with NBFCs?
A)
NBFCs promoted by a group of foreign banks should have presence in India. done
clear
B)
A foreign bank with 10- 50% of the issued and paid up equity of an NBFC, need to have management control on NBFC. done
clear
C)
Both [a] and [b] done
clear
D)
None of these done
clear
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question_answer 29)
The main objective(s) of National Housing Bank is/are
A)
to promote and develop specialized housing finance institutions for mobilisation of resources and extending finance for housing activities done
clear
B)
to extend refinance facilities to housing finance institutions and to scheduled banks done
clear
C)
to provide guarantee and underwriting facilities of housing finance institutions done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 30)
Which of the following constitute the code of conduct for merchant bankers as stipulated by SEBI?
A)
Maintenance of high degree of standards of integrity and fairness in dealings done
clear
B)
Providing true and adequate information to investors and abide by the provisions of various acts, rules and regulation etc done
clear
C)
Ethical conduct of business and provision of information to customers in respect of code done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 31)
The main function(s) of SIDBI is/are
A)
to provide refinance for loans and advances extended by the primary lending institutions to SSI units and also to provide resources support to them done
clear
B)
it discounts and rediscounts bill arising from sale of machinery to or manufactured by industrial units in the SSI sector done
clear
C)
it extends seed capital/soft loan assistance under National Equity Fund, Manila Udyan Nidhi and Manila Vikas Nidhi and Seed Capital Schemes through specified lending agencies done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 32)
Which of the following public sector banks is regarded as being the first to launch its own Mutual Fund Scheme?
A)
SBI done
clear
B)
PNB done
clear
C)
Bank of India done
clear
D)
Canara Bank done
clear
E)
ICICI Bank done
clear
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question_answer 33)
Which is the principal institution for promotion, financing and development of small scale industries in the country?
A)
RBI done
clear
B)
SBI done
clear
C)
IDBI done
clear
D)
SIDBI done
clear
E)
None of these done
clear
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question_answer 34)
Credit rating is
A)
used to rate the borrowers while giving advances done
clear
B)
used to work out performance of the employees done
clear
C)
used to calculate the number of excellent audit rated branches done
clear
D)
not used in any bank done
clear
E)
necessary before giving promotion to employees done
clear
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question_answer 35)
For financing infrastructure projects, Infrastructure Debt Funds (IDFs) can be set up as
A)
Mutual Funds done
clear
B)
Non-Banking Finance Companies done
clear
C)
Both [a] and [b] done
clear
D)
None of these done
clear
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question_answer 36)
Which of the following acts regulates underwriting of issues for merchant banking activities?
A)
Negotiable Instrument Act, 1881 done
clear
B)
Banking Regulation (Companies) Rules, 1949 done
clear
C)
Section 19 (2) & (3) of the Banking Regulation Act, 1949 done
clear
D)
Factoring Act Rules, 2011 done
clear
E)
None of these done
clear
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question_answer 37)
Which of the following statements is/ are correct about retailing of government securities?
A)
Banks can buy and sell Government Securities on an outright basis at prevailing market prices without any restriction on the period between sale and purchase. done
clear
B)
Banks are allowed to undertake ready forward transactions in Government Securities with nonbank clients. done
clear
C)
Both [a] and [b] done
clear
D)
None of these done
clear
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question_answer 38)
Money Market Mutual Funds (MMMFs) are regulated by
A)
RBI done
clear
B)
SEBI done
clear
C)
All India Financial Institutions done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 39)
Which of the following statements is/are correct about bank's insurance business?
A)
Banks can set up a subsidiary/joint venture/ as well as undertake insurance broking/ insurance agency. done
clear
B)
Banks do not need prior approval of RBI for setting up a subsidiary/joint venture. done
clear
C)
Both [a] and [b] done
clear
D)
None of these done
clear
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question_answer 40)
Bank's involvement in the Pension Fund Management (PFM) business is allowed under
A)
Pension Fund Regulatory and Development Authority (PFRDA) Act, 2013 done
clear
B)
Section 6 of the Banking Regulation Act, 1949 done
clear
C)
The Pensions Act, 1871 done
clear
D)
General Provident Fund (Central Services) Rules/1960 done
clear
E)
None of these done
clear
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