Q1. National Income of India is estimated by?
(a) Central Estimates Survey Committee
(b) National Sample Survey Committee
(c) Central Statistical Organization
(d) Finance Ministry
(e) Other than the given options
Q2. Net National Product is equivalent to-
(a) Gross Domestic Product minus Depreciation
(b) Gross National Product minus Indirect Taxes
(c) Net National Income minus Depreciation
(d) Gross National Product minus Depreciation
(e) Other than the given options
Q3. Nomination facility is available to-
(a) Individuals/Sole Proprietorship accounts/Private Limited Companies
(b) Individuals/Sole Proprietorship Accounts/Partnership Accounts
(c) Individuals/Sole Proprietorship Accounts
(d) All of the above
(e) Other than the given options
Q4. Off Shore Banking Unit is?
(a) a unit which is situated in Foreign country
(b) a unit which is situated in Special Economic Zones and deals in foreign currency only
(c) a unit which is actively participating in lending foreign currency loans and in joint ventures
(d) All of the above
(e) Other than the given options
Q5. Which of the following is the apex authority for Direct Taxes?
(a) CBDT
(b) CBEC
(c) RBI
(d) SEBI
(e) Other than the given options
Q6. If a bank is unable to refund the short term deposits as funds are locked in long term loans, it involves?
(a) Interest Rate Risk
(b) Operational Risk
(c) Liquidity Risk
(d) Market Risk
(e) Other than the given options
Q7. If a cheque presented through the Clearing House is returned unpaid for any reason, the banker has to enclose the cheque to a Returning Memo while returning the instrument to the customer. This provision has been prescribed under…?
(a) Negotiable Instruments Act, 1881
(b) Reserve Bank of India Act, 1934
(c) Banking Regulation Act, 1949
(d) RBI Clearing House Rules
(e) Other than the given options
Q8. If a currency note is demonetized, it takes away the ________ of that currency.
(a) legal tender character
(b) exchange rate
(c) value
(d) All of the above
(e) Other than the given options
Q9. If credit facility applied for is rejected, the reasons therefore should be briefly mentioned in the-
(a) Loan Applications Received and Disposal Register
(b) Opinion Reports
(c) Loan Rejection Register
(d) All of the above
(e) Other than the given options
Q10. In case of Term Loans, the period of limitation is calculated as three years from?
(a) Date of documents
(b) Date of sanction
(c) Date of default
(d) Due date of each installment
(e) Other than the given options
Q11. Currency Note containing political slogan is not a legal tender as per:
(a) Legal Tender (Inscribed Notes) Act, 1964
(b) Negotiable Instruments Act, 1881
(c) Reserve Bank of India Act
(d) All of the above
(e) Other than the given options
Q12. 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) All of the above
(e) Other than the given options
Q13. Deposits under NRE/FCNB accounts are linked to-
(a) Base Rate
(b) SIBOR
(c) LIBOR
(d) All of the above
(e) Other than the given options
Q14. Electronic Fund Transfer scheme of RBI has been renamed as:
(a) Clearing
(b) Core Banking Solutions
(c) Real Time Gross Settlement
(d) National Electronic Fund Transfer
(e) All of the above
Q15. Escrow account is useful/helpful to-
(a) importers
(b) exporters
(c) people
(d) Assets
(e) Other than the given options
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