banking, security market & insurance section 4 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 11 [CDS-2011-II]

Consider the following statements with regard to Statutory Liquidity Ratio (SLR)

  1. To meet SLR, Commercial banks can use cash only.
  2. SLR is maintained by the banks with themselves.
  3. SLR restricts the banks leverage in pumping more money into the economy.
Which of the statements given above is/are correct?

a) 2 and 3

b) 1 and 3

c) 1, 2 and 3

d) only 2

Answer: (a)

SLR used by bankers indicates the minimum percentage of deposits that the banks have to maintain in the form of gold, cash or other approved government securities.

Question : 12

Choose the correct statements in the context of Cooperative Banks in India.

  1. Cooperative Banks operate on no profit no loss basis.
  2. Cooperative Banks are allowed to operate only in the agriculture sector.
  3. NABARD is a Cooperative Bank.

a) 1 and 3

b) 1 and 2

c) 1 only

d) All of these

Answer: (c)

Cooperative Banks operate on no profit no loss basis, and they operate in all sectors including agriculture sector.

NABARD is not a Cooperative Bank. National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India.

Question : 13 [UPPCS (Pre) 2008]

To prevent recurrence of scams in Indian capital market the Government of India has assigned regulatory power to

a) ICICI

b) RBI

c) SBI

d) SEBI

Answer: (d)

Question : 14 [BOM-PO 2016]

The Bandhan Banking Limited is an Indian banking and financial services company Headquartered in

a) Hyderabad, Telangana

b) New Delhi, Delhi

c) Mumbai, Maharashtra

d) Kolkata, West Bengal

Answer: (d)

Bandhan Bank was incorporated on 23 December 2014 as a wholly owned subsidiary of Bandhan Financial Holdings with its headquarters at Kolkata, West Bengal, India.

Question : 15 [UP-PCS 2009]

The Bank rate is the rate at which

a) the RBI gives credit to the commercial banks.

b) the RBI lends to the public.

c) a bank lends to the public.

d) the Government of India lends to other countries.

Answer: (a)

Bank rate is that rate at which RBI gives credit to Commercial Banks.

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