Rakesh Kumar Roshan Solutions for Chapter: Practice Set, Exercise 1: PRACTICE SET 1 FOR BANKING AWARENESS

Which of the following are the scheduled banks?

Which of the following is not the part of the scheduled banking structure in India?

Co-operative banks in India are registered under:
I. Banking Laws (Co-operative Societies) Act, 1965.
II. Banking Regulations Act, 1949.
III. Companies Act, 1956.
Select the correct answer using the codes below: 

Which of the following Indices has been launched by NSE?

I. Nifty Tata Group Index

II.Nifty Aditya Birla Group Index

III. Nifty Mahindra Group Index

The Narasimham Committee, 1991 has given which of the following major recommendations?

I. Reduction in the SLR and CRR.

II. Phasing out Directed Credit Programme.

III. The determination of interest rate should be on the grounds of market forces such as the demand for and the supply of fund.

IV. The actual numbers of public sector banks need to be reduced.

V. Narrow banking concept where weak banks will be allowed to place their funds in short term and risk free as.

Select the correct answer using the codes given below

Choose the correct Statements.

I. Reserve Bank of India (RBI) permitted Cooperative Banks with Core Banking Solution (CBS).

II. RBI permitted Co-operative Banks to issue ATM cards/ATM-cum-debit cards.

III. RBI bank should set up their own arrangement for issuing cards.

The main function of commercial bank can be segregated into:

I. Payment system 

II. Financial intermediation

III. Financial services

Select the correct answer using the codes given below.

Insurance Regulatory and Development Authority of India (IRDAI) has constituted three committees, namely.

I. The life insurance committee

II. The general insurance committee

III. Reinsurance committee

IV.The IRDAI committee

Which of the statements given above is/are correct?