Financial Institutions & Banking

Financial Institutions & Banking

 Multiple Choice Multiple Answer
1 ) Question-  Primary cooperative societies are not covered by the DICGC.
Correct Answer  - True

2 ) Question-  Since February,2000, RBI gave operational freedom to
Correct Answer  - Commercial banks and regional rural banks to extend credit facilities to MFIs

3 ) Question-  Safe custody services of banks are utilized for safe keeping of cash customers.
Correct Answer  - False

4 ) Question-  The deposit Insurance and credit Guarantee Corporations is the only organization that provides
Correct Answer  - Deposit insurance in India

5 ) Question-  Rashtriya mahila Kosh is one among the micro finance service providers
Correct Answer  - True

6 ) Question-                          Correct Answer  -

A)   Supplier’s Credit –          term credit to overseas importers

B)   Pre-shipment Credit –  credit for purchase of raw material

C)   Exim bank -                        Development of exports

D)  Term Credit –                    credit for purchase of plant and equipment

7 ) Question-  Primary Lending Institutions (PLIs) provide finance to individual borrowers, builders and corporate house for the purpose of  
Correct Answer  - purchase / construction of house , repair / up gradation of existing bungalows only

8 ) Question-  Land development Banks raise their resource from  
Correct Answer-  Share capital , reserves and deposit , loans and advances and debentures

9 ) Question-  The ‘Net Saving’ to the originator as result of the NHB’s guarantee shall be equally shared between  
Correct Answer-  the NHB and the holders of subordinate RMBS / originator

10 ) Question-  A company issue CPs almost always to save __________ costs.  
Correct Answer- interest

11 ) Question-  Bank in India make agreement of international finance to its customers and also manage the issues of   
Correct Answer-

A) Global Depository Receipts,

B)  American Depository Receipts ,

C) Euro Bonds etc.

12 ) Question-  NCDC provides financial support to primary , regional, state and national level marketing societies in the form of    
Correct Answer-

A)    ,argin money and working capital finance to augment business operations of the agricultural produce

B)    Strengthening the share capital base,

13 ) Question-  Banks issue letters of undertaking to suppliers of goods and/or services which are called “Letters of _______ ‘.    
Correct Answer- Credit.

14 ) Question-  The balances held under CRR and SLR are together know as _________  reserve of a bank.    
Correct Answer- Stautory