''BCSBI'' Stands for :
A. Banking Codes and Standards Boards of India
B. Board Code for Standards in Branches
C. Board Code for Standard in Banking
D. None of the above
Ques 2.
As per KYC policy the list of terrorist organizations is supplied to the Bank by the :
A. Government of India
B. CIBIL
C. IBA
D. RBI
Ques 3.
As per RBI directives which of the following areas / functions cannot be outsourced by the Bank:
A. opening and closing of accounts
B. cash collection from the parties
C. recovery of bad loans
D. credit and debit cards
Ques 4.
Asset Reconstruction Company is associated with :
A.DICGC
B. ECGE
C. NPA
D. SEB
Ques 5.
Authorized of Trade of a country is euipment to :
A. Reserve Bank of India
B. Government of India
C. Individual Banks
D. FEDAI
Ques 6.
Banker's right of set off can be exercised on receipt of :
A. Income Tax Attachment order
B. Garnishee Order
C. Both A and B
D. None of the above
Ques 7.
Banks should not grant new loans for purpose of minor irrigation in ;
A. White Block \
B. Grey Block
C. Dark Block
D. All of these
Ques 8.
Closed Economy is one in which :
A. only export takes place
B. money supply is fully controlled
C. deficit financing takes place
D. neither export nor import takes place
Ques 9.
Commercial Papers are secured by:
A. floating charge on stockes
B. unsecured loans
C. fixed assets
D. book - debts
Ques 10.
Demand draft for Rs. 20,000 and above :
A. can be paid in cash
B. should not be paid in cash
C. mode of payment will depend on the status of the customer
D. None of the above
Ques 11.
Deposits under NRF/FCNB accounts are linked to :
A. Base Rate
B. SIBOR
C. LIBOR
D. None of these
Ques 12.
Escrow account is useful/ helpful to:
A. importers
B. exporters
C. both A and B
D. None of these
Ques 13.
FEMA provides that a person becomes a resident if he stay in India for ...... or more in the previous year.
A. 180 Days
B. 181 Days
C. 182 Days
D. 183 Days
Ques 14.
Head Office of the Asian Development Bank located in :
A. Jakarta
B. manila
C. Nairobi
D. Tokyo
Ques 15.
In respect of ' ' Door Step Banking ' ' , RBI has issued directives under the provisions of :
A. Reserve Bank of India Act, 1934
B. Negotiable Instruments Act, 1881
C. Banking Regulation Act, 1949
D. Shops and Establishments Act
solutions :
Ans 1. Banking codes and standards boards of India
Ans 2. RBI
Ans 3. opening and closing of accounts
Ans 4. NPA
Ans 5. Reserve Bank of India
Ans 6. Both A and B
Ans 7. Dark Block
Ans 8. neither export nor import takes place '
Ans 9. Unsecured loans
Ans 10. should not be paid in cash
Ans 11. LIBOR
Ans 12. exporters
Ans 13. 182 Days
Ans 14.Manila
Ans 15. Banking Regulation Act, 1949
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