General Awareness Quiz 20 for SBI & IBPS exams
1 . | Regional Rural Banks are empowered to transact the business of banking as defined under | A. Section 5(b) of Banking Regulation Act, 1949 | B. Union Budget every year | C. Regional Rural Banks A 1976 | D. All of the above | | Answer & Explanation Answer : Option A | | Explanation : | | | | | | | | 2 . | The working funds of primary agricultural societies is obtained from | A. owned funds comprising share capital, entrance fees and reserve fund | B. Deposits from members and non members | C. Loans from co-operative Banks and the Governments | D. All of the above | | Answer & Explanation Answer : Option D | | Explanation : | | | | | | | | 3 . | Central Co-operative Banks | A. Serve as the connecting links between state co-operative banks and primary credit societies | B. Finance the primary credit societies, balance the excess and deficiency in their resources but do little commercial banking | C. are closer to the primary societies than an Apex Bank | D. All of the above | | Answer & Explanation Answer : Option D | | Explanation : | | | | | | | | 4 . | The state Co-operative Banks | A. assume the key position in the co-operative credit structure | B. undertake both mobilisation of resources as well as proper development among various sectors | C. carry out the role of intermediaries between the money market and Central Co-operative Banks | D. All of the above | | Answer & Explanation Answer : Option D | | Explanation : | | | | | | | | 5 . | The first Land Mortgage Bank was established in | A. 1920. at J hind in Punjab | B. 1929 at Chennai | C. 1947 at New Delhi | D. None of these | | Answer & Explanation Answer : Option A | | Explanation : | | | | | | | | 6 . | Land Mortgage Bank provides long term credit against the security of | A. Crop | B. Mortgage of land generally for a period of 5 to 20 years | C. Intangible assets | D. None of these | | Answer & Explanation Answer : Option B | | Explanation : | | | | | | | | 7 . | The main objective of Land Development Bank is | A. Providing investment credit for agriculture | B. Providing crop loans to the farmers or agriculture | C. Developing allied activities in rural and semi urban areas | D. None of these | | Answer & Explanation Answer : Option A | | Explanation : | | | | | | | | 8 . | The regulatory authority for the activities of Merchant Banker in India is | A. Reserve Bank of India | B. Ministry of Finance | C. Securities and exchange board of Delhi | D. All of the above | | Answer & Explanation Answer : Option C | | Explanation : | | | | | | | | 9 . | What are major functions undertaken by merchant bankers? | A. Issue Management | B. Capital Structuring | C. Market Maker in Capital market | D. All of the above | | Answer & Explanation Answer : Option D | | Explanation : | | | | | | | | 10 . | Which of the following is not the function of a merchant banker ? | A. Collection of bills and cheques | B. Issue management | C. Preparation of project reports | D. All of the above | | Answer & Explanation Answer : Option A | | Explanation : | | | | | | | | |
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