question_answer 1)
By virtue of the amendment carried out by the Regional Rural Bank (Amendment) Act/1987, the Chairman of a Regional Rural Bank (RRB) is to be appointed by
A)
Central Government done
clear
B)
State Government done
clear
C)
Sponsor bank in consultation with NABARD done
clear
D)
Reserve of Bank of India done
clear
E)
None of these done
clear
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question_answer 2)
Which of the following conditions are required to be fulfilled by a Regional Rural Bank (RRB) to be eligible for opening of new branches?
A)
It should not have defaulted in maintenance of SLR and CRR during the last 2 years done
clear
B)
It should be making operational profits done
clear
C)
Its net worth should show improvement and its net NPA ratio should not exceed 8% done
clear
D)
Both [a] and [b] done
clear
E)
All of the above done
clear
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question_answer 3)
Which of the following is not a recommendation of the Narasimham Committee, 1991?
A)
Reduction of CRR and SLR done
clear
B)
Phasing out directed Credit Programme done
clear
C)
Reduction of capital adequacy ratio done
clear
D)
Establishment of ARP fund done
clear
E)
Autonomy to public sector bank done
clear
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question_answer 4)
With a view to enlarge resources available to RRBs for a variety of purposes, especially in the context of programme of financial inclusion, general credit card etc. Reserve Bank advised that
A)
Sponsor banks should provide them lines of credit at a reasonable rate of interest done
clear
B)
RRBs may borrow from/or place funds with other RRBs, including those sponsored by other banks, subject to counter party Credit Risk Policy and limits done
clear
C)
RRBs may enter into ready forward transactions in government securities with Subsidiary General Ledger (SGL), Constituent Subsidiary General Ledger (CSGL) account holders done
clear
D)
Both [b] and [c] done
clear
E)
All of the above done
clear
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question_answer 5)
Which of the following measures have been taken to enlarge resources available to RRBs?
A)
Lines of credit at a reasonable rate of interest from sponsor banks done
clear
B)
Access to inter-RRB term money/ borrowings done
clear
C)
Access to repo/CBLO markets done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 6)
Which of the following statements about Regional Rural Banks (RRBs) are correct?
A)
Sponsor banks travellers cheques can be issued by RRBs done
clear
B)
RRBs can enter into arrangements with the sponsor banks for providing remittance facilities to its customers done
clear
C)
Where RRBs can afford the investment, they can install lockers also done
clear
D)
Both [a] and [b] done
clear
E)
All of the above done
clear
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question_answer 7)
Reserve Bank has permitted RRBs for opening/maintaining non-residents (ordinary/external) accounts in rupees and for acceptance of FCNR (2) deposits subjects to the condition that
A)
the bank should have a positive net worth and earned net profit during the preceding year done
clear
B)
the bank should not have defaulted in maintenance of CRR/SLR requirements on more than three occasions during the preceding 2 years. done
clear
C)
net NPA level of the bank should not exceed 5% of the outstanding advances as on 31st March of the preceding year done
clear
D)
Both [b] and [c] done
clear
E)
All of these done
clear
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question_answer 8)
Out of total priority sector advances of RRBs, atleast ...... should be advanced to weaker sections.
A)
25% done
clear
B)
50% done
clear
C)
60% done
clear
D)
75% done
clear
E)
90% done
clear
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question_answer 9)
The Regulatory Authority for Regional Rural Banks is
A)
Sponsor Bank done
clear
B)
Central Government done
clear
C)
State Government done
clear
D)
RBI and NABARD done
clear
E)
All of the above done
clear
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question_answer 10)
The main resources of RRBs are
A)
share capital done
clear
B)
deposit from the public done
clear
C)
borrowing from sponsor banks done
clear
D)
refinance from NABARD done
clear
E)
All of the above done
clear
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question_answer 11)
The common feature of all the agricultural credit societies in the country is that
A)
the persons living in cities and town are their members done
clear
B)
the agriculturists are their members done
clear
C)
only small and marginal farmers are their members done
clear
D)
only the farmers having land holding of 8 acre and above are their members done
clear
E)
All of the above done
clear
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question_answer 12)
RRBs were set-up on
A)
1975 done
clear
B)
1985 done
clear
C)
1991 done
clear
D)
2001 done
clear
E)
1965 done
clear
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question_answer 13)
On the recommendations of which of the following committees Regional Rural Banks (RRB) were established?
A)
Tarpore Committee done
clear
B)
Narasimham Committee' done
clear
C)
Karmakar Committee done
clear
D)
Kelker Committee done
clear
E)
Jha Committee done
clear
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question_answer 14)
At present, the formula for subscription to RRBs capital has been fixed at
A)
Central Government 50%, State Government 35% and Sponsor Bank 15% done
clear
B)
Central Government 60%, State Government 20% and Sponsor Bank 20% done
clear
C)
Central Government 30%, State Government 30% and Sponsor Bank 40% done
clear
D)
Central Government 35%, State Government 35% and Sponsor Bank 30% done
clear
E)
Central Government 50%, State Government 25% and Sponsor Bank 25% done
clear
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question_answer 15)
RRBs are permitted to undertake corporate agency business, without risk participation, for distribution of all types of insurance products including health and animal insurance subject to the condition that
A)
the bank should comply with the Insurance Regulatory and Development. Authority (IRDA) regulations for acting as 'composite corporate agent' done
clear
B)
the bank should not adopt any restrictive practice of forcing its customers to go in only for a particular insurance company in respect of assets financed by the bank done
clear
C)
the risks, if any, involved in insurance agency should, not get transferred to the business of the bank done
clear
D)
Both [a] and [c] done
clear
E)
All of the above done
clear
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question_answer 16)
Under which category, will you classify Regional Rural Banks (RRBs)?
A)
Scheduled commercial banks done
clear
B)
Co-operative banks done
clear
C)
Private sector banks done
clear
D)
Development banks done
clear
E)
None of these done
clear
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question_answer 17)
The National Housing Bank monitors which of the following schemes?
A)
Liberalized Finance Scheme done
clear
B)
Golden Jubilee Rural Housing Finance Scheme done
clear
C)
Energy Efficient Housing Finance Scheme done
clear
D)
Finance scheme for indirect loans done
clear
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question_answer 18)
Regional Rural Banks (RRBs) are empowered to transact the business of banking as denned under
A)
Banking Regulation Act, 1949 done
clear
B)
Negotiable Instruments Act, 1881 done
clear
C)
Regional Rural Banks Act, 1976 done
clear
D)
the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 done
clear
E)
None of these done
clear
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question_answer 19)
Which of the following is incorrect about the recommendations of Narasimham Committee Report, 1998?
A)
Reduced CRR and SLR done
clear
B)
Deregulation of Interest Rate done
clear
C)
Establishment of the ARF Tribunal done
clear
D)
Fixing Prudential Norms done
clear
E)
Capital Adequacy Norms done
clear
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question_answer 20)
When was the National Bank of Agriculture and Rural Development established?
A)
July, 1982 done
clear
B)
July, 1969 done
clear
C)
June, 1951 done
clear
D)
June, 1961 done
clear
E)
None of these done
clear
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question_answer 21)
With a view to improving the performance of RRBs and giving more powers and flexibility to their boards in decision- making, the Reserve Bank had constituted task force on empowering the RRB Boards for Operational Efficiency. The task force was headed by
A)
KG Karmakar done
clear
B)
SS Tarpore done
clear
C)
Rangarajan done
clear
D)
M Narasimham done
clear
E)
None of these done
clear
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question_answer 22)
On the current account, balances maintained by the Regional Rural Banks (RRBs) with them, the commercial banks may
A)
pay interest up to 9% done
clear
B)
waive incident charges done
clear
C)
pay interest as applicable to savings accounts done
clear
D)
pay interest as such rates as may be mutually agreed to done
clear
E)
All of the above done
clear
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question_answer 23)
Paid-up share capital of Regional Rural Bank (RRB) is contributed by
A)
Central Government done
clear
B)
State Government done
clear
C)
Central Government, State Government and the Sponsor Commercial Bank in the ratio of 50 :15 : 35 respectively done
clear
D)
NABARD, the concerned State Government and the Sponsor Commercial Bank in the ratio of 60 : 20 : 20 respectively done
clear
E)
All of the above done
clear
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question_answer 24)
For the purpose of Income Tax Act, 1961, the Regional rural banks (RRBs) are treated as
A)
scheduled commercial banks done
clear
B)
non-scheduled banks done
clear
C)
nationalised banks done
clear
D)
co-operative banks done
clear
E)
None of these done
clear
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question_answer 25)
With a view to increase their resource base, RRBs have been permitted to
A)
issue of credit/debit cards and setting- up of ATMs done
clear
B)
open currency chests done
clear
C)
handle pension and other government business as sub-agents of those banks which are authorised to conduct government business done
clear
D)
Both [a] and [b] done
clear
E)
All of the above done
clear
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question_answer 26)
The duration of fundraising from the commercial banks for RIDFs in agricultural lending is
A)
daily done
clear
B)
weekly done
clear
C)
monthly done
clear
D)
yearly done
clear
E)
None of these done
clear
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question_answer 27)
Deposits with Regional Rural Banks (RRBs) are insured by
A)
Life Insurance Corporation of India done
clear
B)
General Insurance Corporation done
clear
C)
Deposit Insurance and Credit Gurantee Corporation done
clear
D)
None of these done
clear
E)
All of the above done
clear
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question_answer 28)
Which nationalised bank was the first to sponsor a Regional Rural Bank (RRB) in India?
A)
Syndicate Bank done
clear
B)
Bank of India done
clear
C)
Union Bank of India done
clear
D)
Central Bank of India done
clear
E)
None of the above done
clear
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question_answer 29)
The main objective(s) of the Export-Import Bank (EXIM Bank) is/are
(i) to ensure an integrated and coordinated approach to solving the problems of exporters. (ii) to provide special attention to capital goods export and export of technical services. (iii) to tap domestic and overseas markets for resources, undertake development and finance activities in the areas of exports.
A)
(i) and (ii) done
clear
B)
(i), (ii) and (iii) done
clear
C)
(i) and (iii) done
clear
D)
(ii) only done
clear
E)
None of these done
clear
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question_answer 30)
RRBs are owned by
A)
Central Government done
clear
B)
State Government done
clear
C)
Sponsor Bank done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 31)
The number of directors on the Boards of RRBs has been raised to
A)
14 done
clear
B)
15 done
clear
C)
16 done
clear
D)
17 done
clear
E)
18 done
clear
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question_answer 32)
Which of the following is not an organised sector in India?
A)
Nationalised Banks done
clear
B)
Regional Rural Banks done
clear
C)
Cooperative Banks done
clear
D)
Chits and Money Lenders done
clear
E)
Industrial Bank done
clear
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question_answer 33)
Banks recover term loan from the parties in EMIs. What the letter 'E' represents in the term?
A)
Easy done
clear
B)
Effective done
clear
C)
Equated done
clear
D)
Essential done
clear
E)
Economical done
clear
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question_answer 34)
The general approach to the loaning policies and procedures of co-operative banks has been to
A)
implement the crop loan system in all its aspects done
clear
B)
allow only long-term loans to the farmers extending beyond 20 years for development on land done
clear
C)
finance for research and upgradation of agricultural inputs like seeds/ manure, implements etc. done
clear
D)
provide a window for marketing of agricultural produce done
clear
E)
All of the above done
clear
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question_answer 35)
Co-operative banks in India are registered under
I. Banking Laws (Co-operative Societies) Act 1965. II. Banking Regulation Act 1949. III. Companies Act 1956.
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)
I and III done
clear
E)
All of these done
clear
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question_answer 36)
Under the scheme of Co-operative Agricultural Credit developed in India, the state Co-operative Bank has been considered such a vital link that
A)
it has been given a status comparable to that of a scheduled bank done
clear
B)
for certain purposes, the central financing agencies have been treated as its branches done
clear
C)
Both [a] and [b] done
clear
D)
All of these done
clear
E)
None of these done
clear
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question_answer 37)
Central Co-operative Banks
A)
occupy a crucial importance in the co- operative credit structure done
clear
B)
form an important link between the State co-operative bank at the apex and the primary agricultural credit societies at the base done
clear
C)
are closer to the primary societies than an Apex Bank could be one done
clear
D)
None of these done
clear
E)
All of these above done
clear
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question_answer 38)
The State Co-operative Bank, being the Apex Bank at the state level
A)
operates as a balancing centre for the movement of the resources in the entire state done
clear
B)
acts as the custodian of the surplus resources and the reserves of the central co-operative banks and supplements them by attracting sizeable deposits and by obtaining loans from RBI. done
clear
C)
provides the link between the RBI and the money market on one hand and the entire co-operative credit structure, on the other 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 year marked the beginning of the history of agricultural cooperative banks in India?
A)
1904 done
clear
B)
1905 done
clear
C)
1906 done
clear
D)
1907 done
clear
E)
1908 done
clear
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question_answer 40)
Which of the following Co-operative Banks is considered as the first Co-operative Bank in India?
A)
Greater Bombay Co-operative Bank Limited done
clear
B)
Abhyudaya Co-operative Bank Limited done
clear
C)
Ahmedabad Mercantile Co-operative Bank Limited done
clear
D)
Amanath Co-operative Bank Limited done
clear
E)
Anyonya Co-operative Bank done
clear
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question_answer 41)
According to the guidelines, the Reserve Bank of India will consider proposals for merger and amalgamation of urban cooperative banks when
A)
the net worth of the acquired bank is positive and the acquirer bank assures to protect entire deposits of all the depositors of the acquired bank done
clear
B)
the net worth of acquired bank is negative, but the acquirer bank on its own assures to protect deposits of all the depositors of the acquired bank done
clear
C)
the net worth of the acquired bank is negative and the acquirer bank assures to protect the deposits of all the depositors with financial support from the State Government extended up front as part of the process of merger done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 42)
The earliest efforts in the direction of setting up special land mortgage banks were made in
A)
West Bengal when the first Co-operative Land Mortgage Bank was organised in 24 Parganas in 1884 done
clear
B)
In Punjab when the first Co-operative Land Mortgage Bank was organised in Jhang in 1920 done
clear
C)
Orissa when the first Co-operative Land Mortgage Bank was organised in Jhang in 1834 done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 43)
What are the co-operative banks at the village level known as
A)
Central co-operative banks done
clear
B)
Primary agricultural co-operative societies done
clear
C)
Village co-operative banks done
clear
D)
State co-operative banks done
clear
E)
None of these done
clear
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question_answer 44)
What was the objective of starting co- operative banking in India?
A)
To act as competitors to commercial banks done
clear
B)
To be solely for the agriculture sector done
clear
C)
To start self-help groups done
clear
D)
To replace moneylenders and indigenous bankers done
clear
E)
None of these done
clear
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question_answer 45)
Many Co-operative Banks have their licenses cancelled by RBI. Why?
A)
Because of financial indiscipline done
clear
B)
Because of staff and management rift done
clear
C)
As a result of labour unrest done
clear
D)
Owing to voluntary surrender by the co-operative done
clear
E)
All of the above done
clear
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question_answer 46)
Which of the following is true about Co-operative Banks?
A)
They are established under the Co-operative Societies Act done
clear
B)
They have profit as their main motive done
clear
C)
All are scheduled banks done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 47)
National Federation of Sate Co-operative Banks
A)
provides a common forum to the member banks done
clear
B)
promotes and protects the interests of the member banks done
clear
C)
co-ordinate and liaison with Government of India and RBI done
clear
D)
provide research and consultancy inputs to the member banks done
clear
E)
All of the above done
clear
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question_answer 48)
The RBI has prescribed that all SGBs should maintain their SLRs in
A)
dated securities notified by RBI done
clear
B)
T-bills of Government of India done
clear
C)
state development loans done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 49)
Which of the following does not come under the category of development banks?
A)
Industrial Development Bank of India done
clear
B)
Small Industries Development Bank of India done
clear
C)
Industrial Investment Bank of India done
clear
D)
State Finance Corporation done
clear
E)
Export-Import Bank done
clear
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question_answer 50)
Primary (Urban) Co-operative Banks (UCBs) have been permitted to close unremunerative branches/extension counters without the Reserve Bank's prior permission provided
A)
the bank has not been placed under any directions under Section 35A of the Banking Regulation Act, 1949. done
clear
B)
the bank's board should take the decision of closing down the extension counter/branch and the decision should be properly minuted in the official record of proceedings of the Board Meeting. done
clear
C)
the bank should give proper notice to all existing depositors/clients of the branch through a press release in local leading newspapers as also through a circular to each constituent of the branch, well in advance of the closure of the branch. done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 51)
The weakest link in the co-operative credit system is
A)
non-availability of published data on their functioning done
clear
B)
the non-viability of a large number of primary agricultural credit societies done
clear
C)
presence of multiple structure and diverse nature of various types of primary societies done
clear
D)
Both [a] and [b] done
clear
E)
All of the above done
clear
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question_answer 52)
The MUDRA Bank will initially come under
A)
NABARD done
clear
B)
SIDBI done
clear
C)
HUDCO done
clear
D)
CIDCO done
clear
E)
None of these done
clear
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question_answer 53)
Which of the following statements is/are correct about Micro Units Development Refinance Agency (MUDRA)?
1. CGF (Credit Guarantee Fund) is expected to guarantee more than 1,00,000 crore rupees worth of loans to micro and small units in the first instance. 2. It will reduce the credit risk to banks and other financial intermediaries.
A)
Only 1 done
clear
B)
Only 2 done
clear
C)
Both done
clear
D)
None done
clear
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question_answer 54)
Which of the following agencies regulates and supervises NBFCs?
A)
Finance Ministry done
clear
B)
SEBI done
clear
C)
RBI done
clear
D)
Respective state government done
clear
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question_answer 55)
Which of the following statements is/are correct?
1. NBFCs do not hold a banking license. 2. NBFCs can issue Demand Drafts like banks.
A)
1 only done
clear
B)
2 only done
clear
C)
Both 1 and 2 done
clear
D)
None of these done
clear
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question_answer 56)
Which of the following is/are correct about Cooperative Banks?
A)
They are organised under the provisions of the Cooperative Credit Societies Act. done
clear
B)
The major beneficiary of the Cooperative Banking is the agricultural sector. done
clear
C)
The cooperative credit institutions are of agricultural and non-agricultural type. done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 57)
Which of the following statements is/are correct about Indian Postal payment Bank?
(i) It is a Public Limited Company under the Department of Posts with 100% GOI equity. (ii) It offers demand deposits such as savings and current accounts up to a balance of Rs. 1 Lakh.
A)
i only done
clear
B)
ii only done
clear
C)
Both i and ii done
clear
D)
None of these done
clear
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