Unique Academic Board Solutions for Chapter: Money and Banking, Exercise 2: Previously Asked Questions

Consider the following statements:

1. Capital Adequacy Ratio (CAR) is the amount that banks have to maintain in the form of their own funds to offset any loss that banks incur if the account-holders fail to repay dues.

2. CAR is decided by each individual bank.

Which of the statements given above is/are correct?

Concerning digital payments, consider the following statements:

$1$. BHIM app allows the user to transfer money to anyone with a UPI-enabled bank account.

$2$. While a chip-pin debit card has four factors of authentication, the BHIM app has only two factors of authentication.

Which of the statements given above is/are correct?

Which of the following is not included in the assets of a commercial bank in India?

The money multiplier in an economy increases with which one of the following?

What was the purpose of Inter-Creditor Agreement signed by Indian banks and financial institutions recently?

The Service Area Approach was implemented under the purview of

The Chairman of public sector banks are selected by the _____.

Consider the following statements:

The Reserve Bank of India's recent directives relating to 'Storage of Payment System Data: popularly known as data diktat, command the payment system providers that.

1. they shall ensure that entire data relating to payment systems operated by them are stored in a system only in India.

2. they shall ensure that the systems are owned and operated by public sector enterprises.

3. they shall submit the consolidated system audit report to the Comptroller and Auditor General of India by the end of the calendar year

Which of the statements given above is/are correct?