1. Which one among the following has not started commercial banking?
A. SIDBI
B. IDBI
C. ICICI
D. UTI
ANSWER: A.SIDBI
SOLUTION :SIDBI does not accept deposits and hence it is a financial institution not a commercial bank.
2. What is OTP in credit card transaction?
A. Odd transaction password
B. Owner is trading passcode
C. One time password
D. One time pin code
ANSWER:C.One time password
SOLUTION:
One-time Password or OTP is a numerical code sent to your Registered Mobile Number (RMN) while you make online Credit Card transactions. The code comprises a four to six digit passcode randomly generated through automated software when your bank or Credit Card company receives the transaction request.
3. The powers of controllers of capital issues of India is now shifted to _______.
A. Ministry of Finance
B. SEBI
C. AMFI
D. Ministry of Corporate Office
ANSWER : B.SEBI
SOLUTION:
The powers of the Controller of Capital Issues (CCI) in India were shifted to the Securities and Exchange Board of India (SEBI) in 1992. The Capital Issues (Control) Act of 1947 was repealed in May 1992, allowing issuers of securities to raise capital without requiring consent from any authority.
4. Which one is not finance company?
A. Hire purchase finance company
B. IRDA
C. Mutual benefit finance company
D. Loan companies
ANSWER: B.IRDA
SOLUTION:
IRDA is not a finance company.
5. The securities and exchange board of India was not entrusted with the function of _____________.
A. Investor protection
B. Ensuring fair practices by companies
C. Promotion of efficient services by brokers
D. Improving the earning of equity holders
ANSWER: D.Improving the earning of equity holders
SOLUTION:
Improving the earnings of equity holders.
6. Which one is not non – marketable securities?
A. Corporate securities
B. Bank deposits
C. Deposits with company
D. Post office certificate deposits
ANSWER:A.Corporate securities
SOLUTION:
A non-marketable security is an asset that is difficult to buy or sell due to the fact that they are not traded on any major secondary market exchanges.
7. Which one of the following is not an instrument of credit control in the banking system ?
A. Open market operations
B. Cash reserve ratio
C. Tax rates
D. All of the above
ANSWER: C.Tax rates
SOLUTION :
Tax rates. Open market operations are the buying and selling of government securities by the central bank.
8. Which of the following is not a function of a rural bank?
A. To accept deposits
B. To waive loans
C. To grant advances
D. To supply input of farmers
ANSWER:D.To supply input of farmers
SOLUTION:
To supply input of farmers.
9. From which date have all banks started sharing their ATM force of cost for transactions?
A. January 1 , 2009
B. April 1 , 2009
C. July 1 , 2009
D. September 1 , 2009
ANSWER: B.April 1 , 2009
SOLUTION:
April 1 , 2009
10. Which of the following is not the fund based business of commercial banks ?
A. D. P Corporation
B. Loans
C. Deposits
D. Depositing bills
ANSWER: A.D. P Corporation
SOLUTION:
Dp Corporation was founded in 2004. The Company’s line of business includes providing computer processing and data preparation services.