FUNDING AND REGULATORY ASPECTS- Objective Type Questions


1. Requirements relating to CRR to be maintained by a banking company are given in :
(a) Section 24 of RBI Act, 1934
(b) Section 42 of Banking Regulation Act, 1949
(c) Section 24 of Banking Regulation Act 1949
(d) Section 42 of RBI Act 
(e) None of these


2. The Banks are required to maintain CRR on the NDTL of last Friday of the: .
(a) preceding fortnight
(b) third preceding fortnight
(c) second preceding fortnight
(d) preceding month
(e) second fortnight of last month


3. Under provisions of RBI Act, 1934, a scheduled commercial bank has to maintain cash reserve ratio (CRR) at prescribed percentage of its net demand and time liabilities. Such liabilities do no include
(a) overdue time deposits with banks
(b) deposits at call
(c) refinance availed by a bank from RBI/NABARD/SIDBI
(d) all above
(e) only (a) & (c) above


4. Which of the following is/are exempted from provisions relating to CRR :
(a) NRE balances
(b) NRNR balances
(c) FCNR (B) balances
(d) deposit liabilities of off-shore banking units
(e) all above


5. As per present guidelines of RBI, banks are required to maintain a minimum ofpercent of required CRR amount on a daily basis during a fortnight which is applicable to all days of the reporting fortnight.
(a) 80%
(b) 50%
(c) 35%
(d) 70%
(e) none of these


6. At present RBI allows interest on eligible cash balances maintained by the banks on:
(a) quarterly basis
(b) monthly basis
(c) half yearly basis 
(d) annual basis
(e) none of these


7. Statutory Return prescribed-by RBI for SLR under Section 24 of the Banking Regulation Act,1949 is:
(a) Form A return
(b) Form VIII return
(c) Form SDF return
(d) Form X
(e) None of these


8. Net demand and time liabilities in respect of offshore banking units are exempt from :
(a) minimum CRR requirement
(b) maintaining average CRR balances
(c) minimum SLR requirement
(d) maintaining prescribed current SLR
(e) both (b) & (c) above


9. Under Section 24 of the Banking Regulation Act,1949 all SCRs are required to maintain maximum 40% of their demand and time liabilities as SLR in the form of :
(a) cash
(b) gold valued at a price not exceeding the current market price
(c) unencumbered approved securities valued at a price as specified by the RBI
(d) one or more of the above
(e) only (b) or (c) above


10. Which of the following is/are excluded from computation of NDTL for CRR but not for SLR purposes?
(a) Amount received from-SIDBI under CGFTSI by invoking the guarantee
(b) Amount received from the Court Receiver
(c) Inter bank term deposits/term borrowing liabilities of original maturity of 15 days and above and upto one year
(d) Deposits held as securities for advances
(e) none of these


ANSWER SHEET-

1
D
2
C
3
C
4
D
5
D
6
E
7
B
8
B
9
D
10
C

Comments

Post a Comment

Popular posts from this blog

BFM- MCQ ON TREASURY MANAGEMENT

1. Which of the following are the functions of a Treasury? a) Maintaining adequate Cash  Balance b) Deploying surplus funds c) Meeting fund requirement in case of short fall d) All of these 2. The significance of Treasury management in case of Banks is: a) To maintain CRR as per RBI  guidelines b) To meet SLR requirements c) It is the function of liquidity management d) All of these 3. Treasury management was earlier classified  as: a) A service centre b) Fund management department c) Investment centre d) Core Business Division 4. Which of the following activities of a Bank the Treasury management is more relevant? a) Deposit function b) Asset liability management c) (a) and (b) both d) None of these 5. Which of the following are integrated activities of Treasury management? a) Investment in securities b) Foreign Exchange Business c) (a) and (b) both d) None of these 6. The Treasury management operations mainly dea...
Read more

Credit & Debit Card MCQ

Q.136. What is a credit card? A plastic card which a. Containsidentificationinformation b. Authorisesnamedperson  to  chargepurchases/services c. Charges for which person will be billed periodically d. Allabove Q.137. Identification informations on credit card can be read by? a) ATMs b) Pointof Sales Terminals c) Both(a) +(b) d) Branch Manager Q.138. The concept behind a credit card is - a. Usenow, debit later b. Buy now, pay later , c. Pay now, get credit later (d)  Lend now and do not reimburse Q.139. Which are the main issuers of credit cards in the world and in   India? (a) Visaand Master Card (b) Amexand Intenational (c) RTGSand NSS (d)  Visa, Master and Amex cards Q.140. Features of credit card is/are (a)   Key to opening of bank accounts for daily payments (b) Substitute of cash (c) Issuingbank/financialinstitutionknowsthecreditworthnewofcustomer d) Allabove Q.141. Credit card has ...
Read more

RETAIL BANKING MCQ

Q.346. Entire financial needs of a  customer extends to   - (a) Insurance (b) Mutual Funds (c) Demat accounts/broking services and wealth management   solutions (d) All above Q.347. Banks are prohibited to offer other products as banks own products then how the banks are offering insurance/mutual funds and wealth management  services? (a) Through  agency  arrangements (b) As NBFC (c) As subsidiary (d) Both (a) +  (d) Q.348. How the banks may enter mutual fund business? What are its terms and conditions stipulated by RBI? (a) Act as agent of customers and at customer's    risk (b) Not acquiring of units of mutual funds from secondary market/ no buy back to   units (c) Loan/credit facility against unit of mutual funds as per RBI guidelines/retailing of units of mutual funds be  confined  to certain select branches (d) All above Q.349. For undertaking insurance business, banks are per...
Read more