1. In India, the bank NABARD does not provide refinance to :
(a) Scheduled Commercial Banks
(b) Regional Rural Banks
(c) Export-Import Banks
(d) State Land Development Banks
2. Which of the following is called a 'banker's cheque' ?
(a) Demand draft
(b) Debit card
(c) Pay order
(d) Fixed deposit
3. Bouncing of cheques has become an offence. What is the punishment for the same:
(a) 6 months imprisonment
(b) 1year imprisonment
(c) 2 years imprisonment
(d) 3 years imprisonment
4. The difference between a bank and a non-banking financial institution (NBFI) is that:
(a) a bank interacts directly with customers while an NBFI interacts with banks and
governments
(b) a bank indulges in a number of activities relating to finance with a range of customers,
while an NBFI is , mainly concerned with the term loan needs of large enterprises
(c) a bank deals with both internal and international customers while an NBFI is mainly
concerned with the finances of foreign companies
(d) a bank's main interest is to help in business transactions and saving/investment activities
while an NBFl's main interest is in the stabilisation of the currency
5. The main function of the Exim Bank is:
(a) to help RBI in the regulation of foreign exchange
(b) to prevent unlicensed transaction
(c) to promote exports and curtail imports
(d) to conserve foreign exchange
6. The main difference between shares and debentures is :
(a) debentures can only be issued after shares
(b) shareholders receive dividend on shares whereas debenture holders receive interest on
debentures
(c) debentures can be partly converted into shares whereas shares cannot be converted into
debentures
(d) shareholders are the owners of the company whereas debenture holders are the creditors
of the company
7. In which year, some more commercial banks (in addition to the first lot of 14) were
nationalised in India?
(a) 1976
(b) 1979
(c) 1980
(d) 1982
8. Open market operations of a Central Bank are sale and purchase of:
(a) foreign currencies
(b) corporate securities
(c) trade bills
(d) government securities
9. To prevent recurrence of scams in Indian Capital Market, the Government has assigned
regulatory powers to:
(a) RBI
(b) SBI
(c) SEBI
(d) ICICI
10. The place where bankers meet and settle their mutual claims and accounts is known as
:
(a) treasury
(b) clearing House
(c) collection Centre
(d) dumping Ground