Chapters
| 1. |
In which year was the Banking Regulation Act passed? |
| A. | 1949 |
| B. | 1955 |
| C. | 1959 |
| D. | 1969 |
| Answer» A. 1949 | |
| 2. |
On which rate bases, overnight money is needed by bank from RBI? |
| A. | MSF |
| B. | Repo rate |
| C. | Reverse repo |
| D. | Bank rate |
| Answer» A. MSF | |
| 3. |
____________________are excluded from the Banking Regulation Act 1949. |
| A. | Public and Private Sector Banks |
| B. | Primary Agricultural Credit Society and cooperative land mortgage banks |
| C. | SEBI |
| D. | Regional Rural Banks |
| Answer» B. Primary Agricultural Credit Society and cooperative land mortgage banks | |
| 4. |
In which year, the Banking Regulation Act was amended to include cooperative banks under its purview by adding the Section 56. |
| A. | 1964 |
| B. | 1965 |
| C. | 1986 |
| D. | 1987 |
| Answer» B. 1965 | |
| 5. |
The Reserve Bank of India is given the responsibility of regulating and supervising the _________ under Reserve Bank of India Act, 1934. |
| A. | Insurance Companies |
| B. | Transport Companies |
| C. | Banking Financial Companies |
| D. | Non-Banking Financial Companies |
| Answer» D. Non-Banking Financial Companies | |
| 6. |
In the case of a banking company incorporated outside India balance-sheet and profit and loss account shall be signed by _________ of the company. |
| A. | Director of the principal office |
| B. | Owner agent of the principal office |
| C. | Manager or agent of the principal office |
| D. | Central Government |
| Answer» C. Manager or agent of the principal office | |
| 7. |
Copies of balance-sheets and accounts to be sent to____________. |
| A. | RBI |
| B. | Government of India |
| C. | Registrar |
| D. | Auditor |
| Answer» C. Registrar | |
| 8. |
Who has the power to give directions to other Banking Companies? |
| A. | RBI |
| B. | Government of India |
| C. | Registrar |
| D. | Auditor |
| Answer» A. RBI | |
| 9. |
Which section of Banking Regulation Act 1949 relates with the Power of Reserve Bank to issue directions in respect of stressed assets? |
| A. | Section 35AA |
| B. | Section 35AB |
| C. | Section 35B |
| D. | Section 35 BB |
| Answer» B. Section 35AB | |
| 10. |
Change of name by a banking company only happens with the approval of __________? |
| A. | RBI |
| B. | Government of India |
| C. | Registrar |
| D. | Auditor |
| Answer» A. RBI | |
| 11. |
Form of Balance sheet of banking Companies includes Reserve & Surplus in |
| A. | Schedule 1 |
| B. | Schedule 2 |
| C. | Schedule 3 |
| D. | Schedule 4 |
| Answer» B. Schedule 2 | |
| 12. |
Form of Balance sheet of banking Companies includes Fixed assets in |
| A. | Schedule 8 |
| B. | Schedule 9 |
| C. | Schedule 10 |
| D. | Schedule 11 |
| Answer» C. Schedule 10 | |
| 13. |
Contigent Liabilities in case of banking Companies are included in_________. |
| A. | Schedule 9 |
| B. | Schedule 10 |
| C. | Schedule 11 |
| D. | Schedule 12 |
| Answer» D. Schedule 12 | |
| 14. |
Banking company means any company which transacts the business of ________. |
| A. | Banking only |
| B. | Banking & Insurance |
| C. | Banking & Foreign Exchange |
| D. | Banking & Manufacturing |
| Answer» A. Banking only | |
| 15. |
Managing agent includes |
| A. | Secretaries and Treasurers |
| B. | Where the managing agent is a company, and Director of such company, and any member thereof who holds substantial interest in such company |
| C. | Where the managing agent is a firm, any partner of such firm |
| D. | All of the above |
| Answer» D. All of the above | |
| 16. |
Regional rural bank means a regional rural bank established under section 3 of the Regional Rural Banks Act, __________. |
| A. | 1974 |
| B. | 1975 |
| C. | 1976 |
| D. | 1977 |
| Answer» C. 1976 | |
| 17. |
Reserve Bank means the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, _________. |
| A. | 1934 |
| B. | 1935 |
| C. | 1945 |
| D. | 1946 |
| Answer» A. 1934 | |
| 18. |
In case of banking company incorporated outside India, aggregate value of its paid-up capital and reserve shall not be less than Rs. __________. |
| A. | 5 Lakhs |
| B. | 12 Lakhs |
| C. | 15 Lakhs |
| D. | 18 Lakhs |
| Answer» C. 15 Lakhs | |
| 19. |
In case of an Indian banking company, the sum of its paid-up capital and reserves if it has places of business in more than one State shall not be less than |
| A. | 5 Lakhs |
| B. | 12 Lakhs |
| C. | 15 Lakhs |
| D. | 18 Lakhs |
| Answer» A. 5 Lakhs | |
| 20. |
According to Sec. ______, a banking company is not permitted to pay directly or indirectly by way of commission, brokerage, discount or remuneration on issues of its shares in excess of 2½% of the paid-up value of such shares. |
| A. | 10 |
| B. | 11 |
| C. | 12 |
| D. | 13 |
| Answer» D. 13 | |
| 21. |
FATCA stands for |
| A. | Foreign Account Tax Compliance Act |
| B. | Foreign Account Trade Company Act |
| C. | Financial Account Tax Compliance Act |
| D. | Fiscal Account Tax Compliance Act |
| Answer» A. Foreign Account Tax Compliance Act | |
| 22. |
As per the provisions of which act all financial institutions have to maintain a record for all form of transactions? |
| A. | Companies Act, 1956 |
| B. | Credit Information (Companies Regulation Act, 2005) |
| C. | Information Technology Act, 2000 |
| D. | PMLA Act, 2002 |
| Answer» D. PMLA Act, 2002 | |
| 23. |
Which of the following Act refers to the acquisition and transfer of the undertakings of certain banking companies? |
| A. | Companies Act, 1956 |
| B. | Credit Information (Companies Regulation Act, 2005) |
| C. | Banking Companies (acquisition and transfer of undertakings), 1970 |
| D. | Banking Regulation Act, 1949 |
| Answer» C. Banking Companies (acquisition and transfer of undertakings), 1970 | |
| 24. |
Which of the following is the clearing agency for Government securities? |
| A. | GOI |
| B. | RBI |
| C. | CCIL |
| D. | SEBI |
| Answer» C. CCIL | |
| 25. |
Banks are required to maintain SLR under which act? |
| A. | Section 24 of the Banking Regulation Act |
| B. | Section 35 of the Negotiable Instrument Act, 1881 |
| C. | Section 24 of RBI Act |
| D. | Section 40 of Indian Contract Act, 1872 |
| Answer» A. Section 24 of the Banking Regulation Act | |
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