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01. The bank branches which can undertake foreign exchange business directly are known as approved dealers in foreign exchange
02. Insurance cover for bank deposits in the country is provided by DICGC
03. Deposit Insurance and Credit Guarantee Corporation of India Limited is called as DICGC
04. The financial literacy includes the following namely; how to invest the funds; how to use the limited funds carefully; how to minimize the risks and how to reinvest the money earned
05. The loans of very small amounts given to low income group is called as – Micro credit
06. When a banker talks about CDR, CDR is meant – Corporate Debt Restructuring.
07. ALM is called as Asset Liability Management
08. Cash Reserve Ratio and Statutory Liquidity Ratio are terms most closely related to the following industries/markets – Banking industry
09. CRR and SLR are not related to capital market, commodities market, money market and mutual fund industry
10. The letter “L” available in the term LAF commonly used in financial/economic news is called as– Liquidity
11. LAF means liquidity adjustment facility
12. The banking ombudsman resolves the complaints of the customers in regard to services provided by the banks
13. Public sector bank, foreign bank, private sector bank and regional rural bank are classified as commercial banks
14. Urban cooperative bank is not a commercial bank
15. SEBI means Securities and Exchange Board of India.
16. Money laundering means – the process of conversion of money obtained illegally to appear to have originated from legitimate sources
17. Monetary policy as an arm of the economic policy is administered by – Reserve Bank of India
18. The following is not a primary function of a bank – Facilitating import of goods
19. The following are the functions of banks – accepting deposits; granting loans; collecting cheques; issuing drafts; selling gold/silver coins
20. The following represent the correct meaning of Repo rate – Rate for borrowing rupees by banks from RBI
21. The reserves which can act as a liquidity buffer for commercial banks during crisis times are CRR and SLR
22. Savings bank accounts are opened by individuals for savings purposes
23. A customer drawing a cheque on a bank has the right to stop payment of the cheque before it is paid
24. The following are the functions of a commercial bank namely; providing project finance; settlement of payments on behalf of the customers; issuing credit and debit cards to the customers and providing services such as locker facilities and remittances
25. Commercial banks do not undertake the following functions: deciding policy rates like CRR, SLR and repo rates
26. Reserve Bank of India undertakes the following rates: CRR; SLR and repo rates
27. The conversion of money which is illegally obtained is called as – money laundering
28. For purchase of white goods, the following loan is granted by the banks – consumer durables loan
29. A cheque which has completed the stipulated validity period of the cheque is called as – stale cheque (The validity period is 3 months as at present)
30. Ganesh has been nominated in the savings bank account of Vijaya and Ganesh requests the bank authorities to allow him to operate Vijaya’s account as she is found to be unwell. What will the bank do? – As nomination will come into effect only after the death of the depositor, the bank will not permit
31. The following is a measure taken by RBI in order to control inflation in the country – raising of Repo and Reverse Repo rates.
32. What do you understand by the term called as mortgage ?– Making the security of immovable property available as a cover for a home loan availed by the borrower
33. The following constitutes the largest percentage of retail loans in the country – Home loans
34. The credit risk to the bank is high from which of these cards – Credit cards
35. Depreciation of an asset does not occur on account of the following namely; fire in the unit; theft; labour trouble; wear and tear;
36. The following are the sources of finance for any commercial bank – capital, borrowings from RBI, deposits and cash reserves with RBI
37. Call money borrowings – is not the source of finance for any commercial bank
38. The rate at which the domestic currency can be converted into foreign currency and vice versa is known as the – exchange rate
39. ARCIL – is the asset reconstruction company
40. IRDA – Insurance Regulatory Development Authority
41. BCSBI – Banking Codes and Standards Board of India
42. CIBIL – Credit Information Bureau of India Limited
43. Exchange rate is the term used in the field of economics
44. The non performing assets of any bank are called as – sub standard assets, doubtful assets and loss assets
45. The performing assets of any bank are called as – standard assets
46. The crossing on a cheque can be cancelled by the drawer of the cheque under his full signature
47. Banks can accept both demand and time deposits from the public
48. Interest payable on savings bank is not regulated by RBI
49. The usual deposit accounts of the banks are – current accounts, savings accounts and term deposit accounts
50. The fixed deposits, reinvestment deposits and recurring deposits are repayable after an agreed period.

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