money supply, banking & financial institutions section 2 MCQ Questions & Answers Detailed Explanation

Question : 1

Which one of the following Public Sector Bank’s emblem figures a dog and the words ‘faithful friendly, in it?

a) Punjab National Bank

b) Oriental Bank of Commerce

c) Syndicate Bank

d) State Bank of India

Question : 2

In which year did the Government of India Nationalised 14 major private banks?

a) 1970

b) 1965

c) 1969

d) 1968

Question : 3

In India, $M_3$ includes

a) demand deposits with banks

b) All of the above

c) currency with the public

d) time deposits with banks

Question : 4

Consider the following statements:

1. As per the Banking Regulation Act 1949, RBI, in the public interest, can supersede the management of a banking company.
2. As per the RBI Act 1934, RBI, in the public interest can supersede the management of a non-banking financial company

a) (ii) only

b) Both (i) & (ii)

c) (i) only

d) Neither (i) nor (ii)

Question : 5

The basic aim of Lead Bank Scheme is that

a) there should be stiff competition among the various nationalised banks

b) all the banks should make intensive efforts to mobile deposits

c) individual banks should adopt particular districts for intensive development

d) big banks should try to open offices in each district

Question : 6

Regulated markets aim at the development of the marketing structure to

a) increase the non-functional margins of the traders

b) maximise the non-functional margins of the commission agents

c) widen the price spread between the producer and the consumer

d) narrow down the price spread between the producer and the consumer