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46.  In Banking terminology, NPA means

a

  New Promising Ambience

b

 Non-Personal Account

c

 No-Promise Account

d

 Non-Performing Asset

e

 Net Performing Asset

Answer & Explanation
Answer : Option D
Explanation :

47.  The origin of the State Bank of India goes back to the first decade of the 19th century with the establishment of

a

  Bank of Bengal

b

 Bank of Calcutta

c

 Bank of Madras

d

 Bank of Bombay

e

 None of these

Answer & Explanation
Answer : Option B
Explanation :

48.  The number of directors on the Boards of RRBs has been raised to

a

  16

b

 18

c

 17

d

 14

e

 15

Answer & Explanation
Answer : Option C
Explanation :

49.  The Regulatory Authority for Regional Rural Banks is

a

  Central Government

b

 Sponsor Bank

c

 RBI and NABARD

d

 State Government

e

 All of these

Answer & Explanation
Answer : Option C
Explanation :

50.  What is not an innovation likely to explain the high repayment rates of Micro Credit Programmes?

a

  None of the above

b

 Starting repayments before investments are likely to have borne fruit

c

 Public repayments

d

 Strong competition between numerous Micro Credit Programmes to reduce interest rates

e

 Promising larger and larger loans for borrowers in good standing

Answer & Explanation
Answer : Option D
Explanation :

51.  Which of following is necessary to transfer funds through the RTGS facility?

a

  None of the above

b

 There is a minimum amount specified for transfer

c

 All of the above

d

 Beneficiary's bank account number

e

 The IFSC number of the beneficiary's bank branch

Answer & Explanation
Answer : Option C
Explanation :

52.  SMERA is an SME Rating Agency in India meant for

a

  rating on training system

b

 None of the above

c

 rating on technology usage in (the organisation)

d

 rating on quality management

e

 rating on credit worthiness of MSME

Answer & Explanation
Answer : Option E
Explanation :

53.  The rate of interest on Savings Bank Account is stipulated by

a

  Government of India

b

 The concerned bank

c

 RBI

d

 Banking Codes and Standards Board of India

e

 Indian Banks Association

Answer & Explanation
Answer : Option C
Explanation :

54.  Who regulates the money circulation in India?

a

  SBI

b

 State Bank of India

c

 NABARD

d

 Commercial Banks

e

 Reserve Bank of India

Answer & Explanation
Answer : Option E
Explanation :

55.  Which of the following could be considered as an initiative towards promotion of financial inclusion?

a

  Opening of no frills accounts

b

 Opening of bank branches in unbanked districts

c

 All of the above

d

 None of the above

e

 Appointing business correspondents for servicing rural customers

Answer & Explanation
Answer : Option C
Explanation :

56.  Consider the following statements: 1. Allahabad Bank was the first bank to be established exclusively by Indians. 2. Seven banks forming subsidiary of State Bank of India was nationalised in 1969 Which of the statements given above is/are correct?

a

  Can't say

b

 Only 1

c

 Neither 1 nor 2

d

 Only 2

e

 Both 1 and 2

Answer & Explanation
Answer : Option E
Explanation :

57.  Which of the following Acts was framed specially to deal more effectively with the problem of Non-Performing Assets in banking system?

a

  Foreign Exchange Management Act

b

 Companies Act

c

 Industrial Dispute Act

d

 Banking Regulation Act

e

 SARFAESI Act

Answer & Explanation
Answer : Option E
Explanation :

58.  Which of the following sectors makes maximum contribution to the national income of India?

a

  Agriculture

b

 Services

c

 Industry

d

 Both B and C

e

 None

Answer & Explanation
Answer : Option E
Explanation :

59.  Bridge loans refer to

a

  interim finance allowed by banks to their customers, pending disbursement of term loans by financial institutions

b

 loan granted to PWD for construction of bridges over rivers

c

 loan granted to railway for construction of bridges

d

 loans granted to construction companies for construction of bridges

e

 None of these

Answer & Explanation
Answer : Option A
Explanation :

60.  As we all know, the Ministry of Finance every year prepares the Union Budget and presents it to the Parliament. Which of the following is/are the elements of the Union Budget? I. Estimates of revenue and capital receipts. II. Ways and means to raise the revenue. III. Estimates of expenditure. Select the correct answer using the codes given below:

a

  Only III

b

 Only I

c

 Only II

d

 None of these

e

 All of these

Answer & Explanation
Answer : Option E
Explanation :
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