General Awareness Quiz 19 for SBI & IBPS exams
1 . | As per Section 6 of the Banking Regulation Act, a banking company can undertake | A. Merchant Banking | B. Issue of guarantee and indemnity | C. Executor and trustee business | D. All of the above | | Answer & Explanation Answer : Option D | | Explanation : | | | | | | | | 2 . | RBI has now permitted banks to carry on the business of Leasing,Hire Purchase and Factoring directly by themselves, the leadings under each category should not exceed | A. 1% of the total bank credit | B. 5% of the total bank credit | C. 10% of the total bank credit | D. All of the above | | Answer & Explanation Answer : Option C | | Explanation : | | | | | | | | 3 . | Under Section 20 of Banking Regulation Act, a bank is prohibited from granting any loan or advance to | A. Any of its directors | B. Any firm in which directors are interested as partner, manager etc. | C. Any company in which a director is interested as Managing director etc | D. All of the above | | Answer & Explanation Answer : Option D | | Explanation : | | | | | | | | 4 . | Section 17 of the Banking Regulation Act lays down that banks shall create a reserve fund out of the balance of profit of each year, also before the declaration of dividend a certain percentage of such profit should be transferred to the reserve fund. This percentage is | A. 10% of such profit | B. 20% of such profit | C. 15% of such profit | D. None of these | | Answer & Explanation Answer : Option B | | Explanation : | | | | | | | | 5 . | A scheduled bank is one, the name of which is included in the second scheduled of RBI Act, 1934. Such a bank should have a paid up Capital and Reserves of an aggregate value of not less than | A. Rs. 1 lakh | B. Rs. 5 lakh | C. Rs. 10 lakh | D. Rs. 100 lakh | | Answer & Explanation Answer : Option B | | Explanation : | | | | | | | | 6 . | The Land Development Banks grant medium term loan for Land Development etc. against the mortgage of lands. In some states these banks are known as | A. Primary Agricultural Credit Societies | B. Slate Co-operative Banks | C. Land Mortgage Banks | D. None of these | | Answer & Explanation Answer : Option C | | Explanation : | | | | | | | | 7 . | In 1992 RBI had appointed a committee to make recommendations to tone up the working of the Urban Co-operative Banks. The name of the committee was | A. Marathe Committee | B. Narsimham Committee | C. Tondon Committee | D. None of these | | Answer & Explanation Answer : Option A | | Explanation : | | | | | | | | 8 . | The working of RRBs was reviewed in 1986 and their continuance and greater involvement of the sponsor bank in their management was recommended by | A. Narsimham Committee | B. Kelkar Committee | C. Khusro Committee | D. All of the above | | Answer & Explanation Answer : Option B | | Explanation : | | | | | | | | 9 . | The Regulatory Authority for Regional Rural Banks is | A. RBI and NABARD | B. Sponsoring Bank | C. State Government and Central Government and sponsoring bank in the ratio of 45:5:35 | D. All of the above | | Answer & Explanation Answer : Option A | | Explanation : | | | | | | | | 10 . | RRBs have been making contribution in the area of rural credit since f reception still they suffer from the following weaknesses | A. Poor capital structure | B. Increasing overheads and decreasing profits | C. Lack of effective coordination between commercial Banks Co-operative Banks and RRBs in the area of their operation | D. All of the above | | Answer & Explanation Answer : Option D | | Explanation : | | | | | | | | |
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