Banking Awareness MCQs for Banking exams, IBPS, SBI

81

Which committee recommended the establishment of the RRBs?

A) Tarpore Committee B) Narasimham Committee C) Karmakar Committee D) Kelker Committee

Discuss

Answer & Solution

Answer: Option B

Solution:

Regional Rural Banks (RRBs) were established in 1975 under the provisions of the Ordinance promulgated on the 26th September 1975 and followed by Regional Rural Banks Act, 1976 with a view to develop the rural economy and to create a supplementary channel to the 'Cooperative Credit Structure' with a view to enlarge institutional credit for the rural and agriculture sector.

82

The objectives of forming SHG is (i) to build mutual trust and confidence between the bankers and the rural poor people. (ii) to encourage banking activities, both on the thrift as well as credit sides, in a segment of the population that the formal financial institutions usually find difficult to cover. (iii) to meet the needs of the poor by combining the flexibility, sensitivity and responsiveness of the informal credit system with the strength of technical and administrative capabilities and financial resources of the formal credit institutions.

A) i only B) i and ii C) i and iii D) ii and iii

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

83

Capital market is a market which deals in

A) Short-term funds B) Long-term funds C) Gilt-edge securities D) None of these

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

84

Co-operative Banks in India are registered under (i) Banking laws (Co-operative Societies) Act. 1956 (ii) Banking Regulations Act, 1949 (iii) Companies Act, 1956 Select the correct answer using the following codes.

A) only i B) i and ii C) ii and iii D) i, ii and iii

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

85

The term ‘BSR’ refers to

A) Bank’s selling Rate B) Basic Statistical Returns C) Annual returns submitted by banks to RBI in respect to priority sector advances D) Quarterly statements of advance to agriculture

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

86

Bank rate policy, open market operations, variable reserve requirements and statutory liquidity requirements employed by Reserve Bank as measures by Reserve of credit control are classified as

A) Quantitative methods B) Qualitative methods C) Both of the above D) None of these

Discuss

Answer & Solution

Answer: Option A

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87

“Micro Credits” are loans

A) granted to distressed person (other than farmers) to pre-pay their debt to non- institutional lenders against appropriate collateral or group security, B) not exceeding 50.000 per borrower provided by banks C) both (1) and (2) D) None of these

Discuss

Answer & Solution

Answer: Option C

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88

What does FSDC stand for?

A) Financial Security and Development Council B) Financial Stability and Development Council C) Fiscal Security and Development Council D) Fiscal Stability and Development Council

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

89

In July 1969, how many Commercial Banks were nationalized?

A) 13 B) 14 C) 15 D) 16

Discuss

Answer & Solution

Answer: Option B

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90

Which of the following Co-operative Banks is considered as the first Co-operative Bank in India?

A) Abhyudaya Co-operative Bank Ltd B) Ahmedabad Mercanile Co-operative Bank Ltd C) Amanath Co-operative Bank Ltd D) Anyonya Co-operative Bank

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board