Test: Commercial Banks

QUESTION: 1

Land Development Bank provide loans for a period of

A.
One year
B.
Two to five years
C.
Five to seven years
D.
Fifteen to twenty years.

Solution:

QUESTION: 2

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

A.
Issue of letter of credit
B.
Publishing of statistics
C.
Handing of Foreign Exchange Reserves
D.
Conducting Enquiry Survey

Solution:

QUESTION: 3

Imperial Bank of India was established by merging presidential banks in

A.
1919
B.
1920
C.
1921
D.
1922

Solution:

QUESTION: 4

The number of banks Nationalized in 1969 was:

A.
8
B.
10
C.
14
D.
1

Solution:

QUESTION: 5

Bharat Nirman Programme does not cover which of the following areas

A.
Rural employment
B.
Rural housing
C.
Rural water supply
D.
Irrigation facilities
E.
It covers all the above areas

Solution:

QUESTION: 6

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

A.
60
B.
80
C.
30
D.
40

Solution:

QUESTION: 7

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

A.
Regional Rural Banks
B.
Reserve Bank of India
C.
Co-operative Banks
D.
National Bank for Agriculture and Rural Development

Solution:

QUESTION: 8

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

A.
60 days
B.
45 days
C.
90 days
D.
75 days

Solution:

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):

A.
65,000
B.
65,500
C.
98,591
D.
69,500

Solution:

QUESTION: 10

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

A.
SLR
B.
Bank rate
C.
CRR
D.
Wong

Solution:

QUESTION: 11

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

A.
640
B.
645
C.
650
D.
655

Solution:

QUESTION: 12

Oudh Commercial Bank was founded in _______.

A.
1913
B.
1917
C.
1894
D.
1881

Solution:

QUESTION: 13

The nationalisation of 6 commercial banks happened in:

A.
1944
B.
1949
C.
1956
D.
1980

Solution:

QUESTION: 14

___________ controls affects indiscriminately all sectors of the economy?

A.
Select credit control
B.
Quantitative control
C.
Margin requirement.
D.
None of these.

Solution:

QUESTION: 15

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

A.
1 Lakh
B.
10000
C.
5000
D.
None

Solution:

QUESTION: 16

_________ control effects indiscriminately all sectors of the economy:

A.
Selective control
B.
Quantitative Method
C.
Margin requirement
D.
None

Solution:

QUESTION: 17

In terms of deposit mobilization, ___________ leads other states:

A.
U.P
B.
Maharashtra
C.
Kerala
D.
Bihar

Solution:

QUESTION: 18

How many banks were nationalized in 1980?

A.
6
B.
14
C.
20
D.
30

Solution:

QUESTION: 19

Central Bank control their credit by

A.
CRR
B.
SLR
C.
Both CRR & SLR
D.
None

Solution:

QUESTION: 20

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

A.
14
B.
60
C.
44
D.
82

Solution:

QUESTION: 21

Bad and doubtful banks are scheduled commercial banks are known as

A.
Nonperforming assets
B.
Withdrawals of assets
C.
Non recoverable assets
D.
None of the above

Solution:

QUESTION: 22

Banks not only accept deposits but also ________savings.

A.
Distribute
B.
Mobilise
C.
Convert
D.
None of above

Solution:

QUESTION: 23

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

A.
Sell securities
B.
Buy securities
C.
Hold securities
D.
None of the above

Solution:

QUESTION: 24

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

A.
50,00,000
B.
48,50,000
C.
35,00,000
D.
47,00,000

Solution:

QUESTION: 25

Banking Ombudsman means:

A.
Person appointed to recover dues from defaulting borrowers.
B.
A person to whom customers can approach for redress of their grievances
C.
A person appointed to settle dispute between employees & management
D.
A person appointed by RBI to oversee the functioning of foreign banks.

Solution:

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.

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

Land Development Bank provide loans for a period of

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

Imperial Bank of India was established by merging presidential banks in

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