Chapter: Regional Rural Banks and National Bank for Agricultural and Rural Development
101.
What is the share of Sponsor Banks in the Regional Rural Banks?
A.
75%
B.
25%
C.
15%
D.
35%
Answer»
D. 35%
102.
What is the share of Sponsor Banks in the Regional Rural Banks?
A.
Gaur Gramin Bank
B.
Prathama Bank
C.
Arunachal Pradesh Rural Bank
D.
Himachal Gramin Bank
Answer»
B. Prathama Bank
103.
RRBs were set up on
A.
1975
B.
1985
C.
1991
D.
2001
Answer»
A. 1975
104.
The total authorized capital of RRBs was originally fixed at Rs 1 crore which has since has been raised
to…………..
A.
Rs 2 crore
B.
Rs 3 crore
C.
Rs 5 crore
D.
Rs 7 crore
Answer»
C. Rs 5 crore
105.
The main resources of RRBs are
A.
Share capital
B.
deposits from the public
C.
borrowing from Sponsor Banks
D.
All of the above
Answer»
D. All of the above
106.
RRBs are owned by
A.
Central Govt.
B.
State Govt.
C.
Sponsor Bank
D.
Jointly by all of the above
Answer»
D. Jointly by all of the above
107.
The number of directors on the boards of RRBs has been raised to
A.
14
B.
15
C.
16
D.
17
Answer»
B. 15
108.
Regional Rural bank are empowered to transact the business of banking as defined under
A.
Banking Regulation Act,1949
B.
Negotiable Instrument Act,1881
C.
Regional Rural banks Act , 1976
D.
None of these
Answer»
A. Banking Regulation Act,1949
109.
RRBs are managed by
A.
RBI
B.
a board of director
C.
the sponsor bank
D.
the state Govt.
Answer»
B. a board of director
110.
All RRBs are required to maintain their entire SLR in
A.
Govt. & other approved securities
B.
current accounts with sponsor Banks
C.
time deposits with sponsor Banks
D.
Gold holdings only
Answer»
A. Govt. & other approved securities
111.
For the purpose of Income Tax Act, 1961 , the RRBs are treated as
A.
Scheduled commercial banks
B.
Non-scheduled banks
C.
Nationalized banks
D.
Co-operative banks
Answer»
D. Co-operative banks
112.
NABARD stands for:
A.
National Bank for Agriculture and Research Development
B.
National Bank for Analysis of Rural Development
C.
National Bank for Agriculture and Rural Development
D.
None of The Above
Answer»
C. National Bank for Agriculture and Rural Development
113.
'NABARD' came into existence on:
A.
8th July, 1982
B.
19th July, 1982
C.
12th July, 1982
D.
None of The Above
Answer»
C. 12th July, 1982
114.
'NABARD' was dedicated to which among the following Prime Ministers:
A.
Gulzari Lal Nanda
B.
Indira Gandhi
C.
Shri Lal Bahadur Shastri
D.
None of The Above
Answer»
B. Indira Gandhi
115.
NABARD was set up with an initial capital of ______:
A.
Rs. 50 Crore
B.
Rs. 100 Crore
C.
Rs. 200 Crore
D.
None of The Above
Answer»
B. Rs. 100 Crore
116.
Headquarter of 'NABARD' is located at:
A.
Mangalore, Karnataka
B.
Mumbai, Maharashtra
C.
New Delhi
D.
None of The Above
Answer»
B. Mumbai, Maharashtra
117.
NABARD was established on the recommendations of :
A.
Shivaraman Committee
B.
Malhotra Committee
C.
Kumarmangalam Committee
D.
None of The Above
Answer»
A. Shivaraman Committee
118.
________ is the apex institution in the country which looks after the development of the cottage
industry, small industries, village industries and other rural industries:
A.
NABARD
B.
SEBI
C.
SIDBI
D.
None of The Above
Answer»
A. NABARD
119.
NABARD was set up essentially as a development bank for promoting:
A.
Agriculture Development only
B.
Rural Development only
C.
Both of The Above
D.
None of The Above
Answer»
C. Both of The Above
120.
The main function of NABARD is to provide refinance for rural credit disburse by the_______and other
financial institutions as may be approved by the Reserve Bank of India:
A.
State Co-operative Banks
B.
The Regional Rural Banks
C.
State Co-operative Banks and The Regional Rural Banks
D.
None of The Above
Answer»
C. State Co-operative Banks and The Regional Rural Banks
121.
Which among the following functions of NABARD is incorrect:
A.
Providing finance and also refinance for production and marketing in the rural areas
B.
Coordination and advising the operations of institutions engaged in rural credit
C.
Promoting research in agriculture and rural development
D.
None of The Above
Answer»
D. None of The Above
122.
CSR stands for:
A.
Customer Satisfaction Responsibility
B.
Corporate Social Responsibility
C.
Corporate Social Reforms
D.
None of The Above
Answer»
B. Corporate Social Responsibility
123.
Which among the following is considered as 100% CSR company:
A.
SDB (Small Development Banks)
B.
NABARD
C.
RRBs (Regional Rural Banks)
D.
None of The Above
Answer»
B. NABARD
124.
ARDC stands for:
A.
Agriculture Refinance and Development Corporation
B.
Agriculture Research and Development Commission
C.
Agriculture Research and Development Corporation
D.
None of The Above
Answer»
A. Agriculture Refinance and Development Corporation
Chapter: Cooperative Credit System
125.
Co-operative banks are regulated by the Reserve Bank of India under which act?
A.
Banking Regulation Act, 1949
B.
Banking Laws (Application to Co-operative Societies) Act, 1965
C.
Negotiable Instrument Act–1881
D.
Both (A) and (B)
Answer»
D. Both (A) and (B)
126.
Co-operative banks which work at a metropolitan level are called as?
A.
District Central Co-operative Bank
B.
State Co-operative Bank
C.
Primary Urban Co-operative Bank
D.
Primary Agricultural Credit Societies
Answer»
C. Primary Urban Co-operative Bank
127.
Which one of the apex bodies regulates the cooperative banks in India?
A.
NABARD
B.
RBI
C.
Sponsor Banks
D.
Both A and B
Answer»
B. RBI
128.
All banks registered under the ___________ are considered co-operative banks.
A.
Banking Regulation Act 1949
B.
The Bankers’ Books Evidence Act–1891
C.
Cooperative Societies Act, 1912
D.
Both (A) and (C)
Answer»
C. Cooperative Societies Act, 1912
129.
Who manages the registration and management activities of Urban co-operative banks in India?
A.
RBI
B.
NABARD
C.
RCS
D.
None of the above
Answer»
C. RCS
130.
Which of these are at the lowest rung of Rural Cooperative banking structure in India?
A.
State Cooperative Banks
B.
District Central Cooperative Banks
C.
Primary Agricultural Credit Societies
D.
None of the above
Answer»
C. Primary Agricultural Credit Societies
131.
When was the first law, regulating the working of cooperative societies, was promulgated by British
India Government?
A.
1902
B.
1904
C.
1907
D.
1908
Answer»
B. 1904
132.
Where was the first society under Cooperative Societies Act 1904 registered in India?
A.
Madurai
B.
Kanjipoorum
C.
Gaya
D.
Panaji
Answer»
B. Kanjipoorum
133.
Who regulates the functioning of District Cooperative Banks in India?
A.
State Government
B.
RBI
C.
State Cooperative Banks
D.
None
Answer»
B. RBI
134.
Which of these committees was formed in 1915 to review the performance of cooperative societies
and suggest measures for strengthening them?
A.
Raja Hari Committee
B.
Maclagan Committee
C.
Saraiya Committee
D.
Frederick Nicholson Committee
Answer»
B. Maclagan Committee
135.
Which of these committees in 1945 recommended the setting up of a Cooperative Training College in
every state?
A.
Saraiya Committee
B.
Maclagan Committee
C.
Narsimaham Committee
D.
Rajagopalachari Committee
Answer»
A. Saraiya Committee
136.
Which was the first Cooperative Bank established in India?
A.
Bharat Cooperative Bank Limited
B.
Kangra Central Co-operative Bank Limited
C.
Anyonya Co-operative Bank Limited
D.
Abhyudaya Co-operative Limited
Answer»
C. Anyonya Co-operative Bank Limited
137.
Which of these is a Cooperative Bank in India?
A.
Cosmos Bank
B.
SVC Bank
C.
Janata Sahakari Bank
D.
All of the above
Answer»
D. All of the above
138.
Which is the largest cooperative bank of India presently?
A.
Saraswat Bank
B.
NKGSB Bank
C.
Apna Sahakari Bank L
Answer»
A. Saraswat Bank
139.
The members of a Co-operative Society have ______________ liability.
A.
Joint
B.
Limited
C.
Unlimited
D.
Joint and Several
Answer»
B. Limited
140.
The President of a Co-operative Society is
A.
Owner
B.
Officer
C.
Advisor
D.
Employees
Answer»
B. Officer
141.
Which of the following organizational structure is followed by Co-operatives in India?
A.
Federal Structure
B.
Unitary Structure
C.
Centralized Structure
D.
Decentralized Structure
Answer»
A. Federal Structure
142.
Interest Rate of Deposits of a Co-operative Credit Societies are fixed by
A.
RBI
B.
General Body
C.
Registrar
D.
Government
Answer»
C. Registrar
143.
The Rules and Regulations of a Co-operative Society is formed in its
A.
Bylaws
B.
General Body
C.
Co-operative Act
D.
Co-operative rules
Answer»
C. Co-operative Act
144.
The binding up of a co-operative Society means
A.
Liquidation
B.
Registration
C.
Amalgamation
D.
Reconstruction
Answer»
A. Liquidation
145.
Co-operative societies with area of operation more than two states is registered by
A.
Central Government
B.
Central Registrar
C.
NCUI
D.
RBI
Answer»
B. Central Registrar
146.
Admission of members and allocation of shares in a Co-operative Society is the duty of
A.
Managing committee
B.
General Body
C.
Secretary
D.
President
Answer»
A. Managing committee
147.
An important document for the membership in a Co-operative Society is
A.
Receipt
B.
Passbook
C.
Identity card
D.
Minute book
Answer»
C. Identity card
148.
__________ is based on the principle of self-help through mutual help, abolition of profits and service
above self help.
A.
socialism
B.
capitalism
C.
co-operation
D.
trade unionism
Answer»
C. co-operation
149.
DCCBs
A.
District Central Cooperative Banks
B.
Director of Central Cooperative Banks
C.
Danish Credit Cooperative Banks
D.
Dane Creative Cooperative Banks
Answer»
A. District Central Cooperative Banks
Chapter: Reserve Bank of India
150.
The Reserve Bank of India was established on _______.
A.
April 1, 1935
B.
July 12, 1982
C.
May 26, 2006
D.
September 30, 2005
Answer»
A. April 1, 1935
151.
Which among the following is incorrect?
A.
RBI is the Bank of Issue
B.
RBI acts as Banker to the Government
C.
RBI is Banker's Bank
D.
RBI does not regulate the flow of credit
Answer»
D. RBI does not regulate the flow of credit
152.
RBI provides the Ways and Means Advances to whom?
A.
Central Government
B.
State Government
C.
Commercial Banks
D.
All of these
Answer»
B. State Government
153.
Who was the first Indian Governor of RBI?
A.
Kuldeep Pathak
B.
Dr. Rajyavardhan Sharma
C.
Sir Mukund Khanna
D.
Sir C.D. Deshmukh
Answer»
D. Sir C.D. Deshmukh
154.
Which is not a function of RBI?
A.
Holding cash reserves of all commercial banks and make available financial accommodation to them
B.
Assuming responsibility of all banking operations of the government
C.
Assuming the responsibility of the statistical analysis of data related to macro economy of India
D.
Assuming the responsibility to meet directly or indirectly all reasonable demands for the accommodation
Answer»
C. Assuming the responsibility of the statistical analysis of data related to macro economy of India
155.
Which of the following statements is/are not true about RBI?
A.
RBI is the Bank of Issue.
B.
RBI acts as the Banker of the Government.
C.
RBI is known as the Banker's Bank.
D.
RBI does not regulate the credit flow.
Answer»
D. RBI does not regulate the credit flow.
156.
The Government picked up the entire Share of SBI held by the RBI according to which of the following
guidelines?
A.
Securities Commission
B.
SEBI
C.
National Stock Exchange of India
D.
Financial Regulations
Answer»
B. SEBI
157.
Which of the following Governors of RBI also served as the Finance Minister of India?
A.
Pranav Mukherjee
B.
Amitabha Ghosh
C.
Sir Benegal Rama Rau
D.
Dr. Manmohan Singh
Answer»
D. Dr. Manmohan Singh
158.
In which of the following cities, the regional headquarters of RBI is not situated?
A.
New Delhi
B.
Mumbai
C.
Bengaluru
D.
Kolkata
Answer»
C. Bengaluru
159.
Which among the following would not help RBI to control the inflation in the country?
A.
Increase in Reserve Ratio Requirements
B.
Increase in Bank Rate
C.
Purchase of securities in open market
D.
Increase in Repo Rate
Answer»
C. Purchase of securities in open market
160.
How many zonal training centers of RBI are there in India?
A.
2
B.
3
C.
4
D.
5
Answer»
C. 4
161.
In which year the nationalization of RBI was occurred?
A.
1947
B.
1949
C.
1951
D.
1953
Answer»
B. 1949
162.
The logo of RBI consists of which animal?
A.
Elephant
B.
Panther
C.
Black Buck
D.
Lion
Answer»
B. Panther
163.
In which year the head quarter of RBI is moved from Kolkata to Mumbai (Then Bombay)?
A.
1936
B.
1937
C.
1938
D.
1939
Answer»
B. 1937
164.
Who was the first Governor of RBI?
A.
David Warner
B.
Sir Phillip Smith
C.
James Watson
D.
Sir Osborne Smith
Answer»
D. Sir Osborne Smith
165.
Which statement is not true regarding RBI?
A.
It is the Central Bank of India.
B.
It was established in 1935.
C.
It can issue currency notes.
D.
Personal account can be opened in RBI.
Answer»
D. Personal account can be opened in RBI.
166.
Which of the following is/ are the Quantitative Instrument of RBI?
A.
CRR
B.
Bank Rate Policy
C.
SLR
D.
All of these
Answer»
D. All of these
167.
RBI has withdrawn the circulation of coins in the denomination of 1 paise, 2 paise, 3 paise, 5 paise, 10
paise, 20 paise and 25 paise in which year?
A.
2010
B.
2011
C.
2012
D.
2013
Answer»
B. 2011
168.
Which of the following coins is not issued by the RBI?
A.
Re. 1
B.
Rs. 2
C.
Rs. 5
D.
Rs. 10
Answer»
A. Re. 1
169.
According to which section of the RBI Act of 1934, RBI is liable to pay the value of banknote to its
holder?
A.
Section 22
B.
Section 24
C.
Section 26
D.
Section 28
Answer»
C. Section 26
170.
Which of the following factors is/ are considered by the RBI to determine the number of notes to be
issued by it?
A.
GDP Growth
B.
Inflation
C.
Replacement of soiled banknotes
D.
All of these
Answer»
D. All of these
171.
When did the Government appoint for transfer of stake?
A.
29 June
B.
26 May
C.
5 April
D.
1 April
Answer»
A. 29 June
172.
India is a member of the International Monetary Fund since _____.
A.
1934
B.
1935
C.
1947
D.
1949
Answer»
C. 1947
173.
Who works as RBI's agent at places where it has no office of its own?
A.
State Bank of India
B.
Ministry of Finance
C.
Government of India
D.
International Monetary Fund
Answer»
A. State Bank of India
174.
Who mints the coins in India?
A.
Ministry of Finance
B.
Reserve Bank of India
C.
Prime Minister's Office
D.
Commerce and Industry Ministry
Answer»
A. Ministry of Finance
175.
RBI known as lender of last resort because:
A.
It has to meet the credit need of citizens to whom no one else is willing to lend
B.
Banks lend to go to RBI as a last resort
C.
It comes to help banks in times of crisis
D.
All of the above
Answer»
C. It comes to help banks in times of crisis
176.
What does Deficit financing mean?
A.
Government of India borrows from World Bank
B.
Government of India borrows from IMF
C.
Government of India borrows from SBI
D.
Government of India borrows from RBI
Answer»
D. Government of India borrows from RBI
177.
Which is incorrect with regard to powers of RBI:
A.
Holds cash reserve banks
B.
Controls banking system through licensing
C.
Supervises Banking system through inspection
D.
None of the above
Answer»
D. None of the above
178.
Which of the following term is not used in the Formation of Monetary Policy?
A.
Cash Reserve Ratio
B.
Repo Rate
C.
Bank Rate
D.
Blue chip
Answer»
D. Blue chip
179.
Which of the following sentence is not correct?
A.
RBI was nationalized on January 1, 1935.
B.
RBI’s head quarter is in Delhi
C.
RBI is the custodian of the foreign currency in India
D.
all of the mentioned
Answer»
A. RBI was nationalized on January 1, 1935.
Chapter: Banking Sector Reforms
180.
M Narasimham headed
A.
The working group constituted by the Government of India in July 1975 for the establishment of Regional Rural Banks
B.
The committee on the financial system 1991
C.
The committee on Banking Sector Reforms 1997
D.
All of the above
Answer»
D. All of the above
181.
Narasimham Committee was appointed on…………
A.
Agricultural reforms
B.
Industry reforms
C.
Insurance reforms
D.
Banking reforms
Answer»
D. Banking reforms
182.
What was the target set by Narasimham-II Committee for the capital adequacy ratio of the banks by
the year 2000?
A.
8%
B.
9%
C.
10%
D.
11%
Answer»
B. 9%
183.
What was the maximum limit of Statutory Liquidity Ratio had Narasimham Committee recommended?
A.
25%
B.
20%
C.
15%
D.
18%
Answer»
A. 25%
184.
Who is the custodian of monetary reserves in India?
A.
SBI
B.
SIDBI
C.
NABARD
D.
RBI
Answer»
D. RBI
185.
Regional Rural Banks were set up on the recommendations of:
A.
Nariman committee
B.
Narasimham committee
C.
Gadgil committee
D.
Puri committee
Answer»
B. Narasimham committee
186.
Which of the following can be categories as a Merchant Banking service?
A.
Consultancy on finance to a company
B.
Advance in capital structure
C.
Managing mergers & in finalizing take over
D.
All the above
Answer»
A. Consultancy on finance to a company
187.
In India, forex rates are determined by:
A.
Importers
B.
Exporters
C.
RBI
D.
Demand and supply forces
Answer»
D. Demand and supply forces
188.
Committee, launched the process of reforms of financial system in India:
A.
Gadgil committee
B.
Nariman committee
C.
Narasimham committee
D.
Khanna Committee
Answer»
C. Narasimham committee
189.
Which of the following can be categories as a Merchant Banking service?
A.
Consultancy on finance to a company
B.
Advance in capital structure
C.
Managing mergers & in finalizing take over
D.
All the above
Answer»
D. All the above
190.
The instrument which provides proprietary interest in company and which entitles a person to
dividend on profits, is called?
A.
Bond
B.
Share
C.
Debenture
D.
Warrant
Answer»
B. Share
191.
Which of the following organizations/agencies works solely to monitor and arrange flow of agriculture
credit in India?
A.
NABARD
B.
SIDBI
C.
RBI
D.
SEBI
Answer»
A. NABARD
192.
What is NOT a mechanism that contributes to the success of micro-credits?
A.
Collaterals
B.
Dynamic incentives
C.
Peer monitoring
D.
Regular payment schedules
Answer»
A. Collaterals
193.
What does the microfinance model NOT predict?
A.
A decrease in interest rates when repayment is regular and in time
B.
Homogeneous risk groups
C.
Self-selection of best borrowers
D.
None of the above
Answer»
C. Self-selection of best borrowers
194.
Micro credit or micro finance is a novel approach to bank with the poor. In this approach bank credit is
extended to the poor through which of the following?
A.
Self Help Groups
B.
Anganwadees
C.
Co-operative credit Societies
D.
RBI
Answer»
A. Self Help Groups
195.
Which of the following are loans of very small amounts given to low income groups or poor household?
A.
Simple Credit
B.
Rural Credit
C.
Micro Credit
D.
No Frills Loan
Answer»
C. Micro Credit
196.
Loans to poor people by banks have many limitations including lack of security and high operating cost.
So to help them which type of finance system developed?
A.
Ponzi schemes
B.
Micro finance System
C.
Money Laundering Schemes
D.
Money Tampering Finance
Answer»
B. Micro finance System
197.
Which of the following statements related to Micro Finance System is wrong?
A.
It provides micro credit having scope for small savings and remittances of funds
B.
It based on the principles of livelihood creations
C.
High volumes of low transactions done through this system
D.
None is wrong
Answer»
D. None is wrong
198.
When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as:
