Test: Commercial Banks


25 Questions MCQ Test Economics for CA CPT | Test: Commercial Banks


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Attempt Test: Commercial Banks | 25 questions in 25 minutes | Mock test for CA Foundation preparation | Free important questions MCQ to study Economics for CA CPT for CA Foundation Exam | Download free PDF with solutions
QUESTION: 1

Land Development Bank provide loans for a period of 

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QUESTION: 2

Which of the following functions, modern banks do not perform?

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QUESTION: 3

 Imperial Bank of India was established by merging presidential banks in 

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QUESTION: 4

The number of banks Nationalized in 1969 was:

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QUESTION: 5

Bharat Nirman Programme does not cover which of the following areas

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QUESTION: 6

 In terms of lending, priority sector constitute about ________ of total bank lending:

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QUESTION: 7

The government established ___________ in 1982 to finance rural projects at lower rate of interest: 

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QUESTION: 8

RBI makes advances to the central and state government repayable within ________ from the date of advancing: 

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Section 17(5) of the RBI Act, 1934 authorises the central bank to lend to the Centre and state governments subject to their being repayable “not later than three months from the date of the making of the advance”

QUESTION: 9

 The number of branch offices of commercial banks in 2012 was (Modified):

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QUESTION: 10

__________ is the rate at which the central bank discounts the bills of commercial banks: 

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QUESTION: 11

The number of banks in India at the time of independence was

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QUESTION: 12

Oudh Commercial Bank was founded in _______.

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QUESTION: 13

 The nationalisation of 6 commercial banks happened in:

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QUESTION: 14

 ___________ controls affects indiscriminately all sectors of the economy?

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QUESTION: 15

Out of 5.6 lakh villages how many are served by the commercial bank:

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QUESTION: 16

_________ control effects indiscriminately all sectors of the economy:

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QUESTION: 17

 In terms of deposit mobilization, ___________ leads other states:

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QUESTION: 18

How many banks were nationalized in 1980?

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QUESTION: 19

 Central Bank control their credit by 

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QUESTION: 20

 Rural bank branches constitute _________ percent of total Bank branches in India in June 2006 (updated): 

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QUESTION: 21

 Bad and doubtful banks are scheduled commercial banks are known as

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QUESTION: 22

Banks not only accept deposits but also ________savings.

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QUESTION: 23

 In case RBI wants to increase rate of interest then it should:

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QUESTION: 24

The bank lending in December, 2012 was [crores]:

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QUESTION: 25

Banking Ombudsman means:

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Banking Ombudsman is a senior official appointed by the Reserve Bank of India(RBI) or a quasi (nominal) judicial authority functioning under India’s Banking Ombudsman Scheme 2006. Banking Ombudsman has the responsibility to resolve customer complaints against deficiency in banking services. At present 15 Ombudsmen have been appointed in state capitals by the RBI to settle customer complaints relating to banking services.

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