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Banking Regulations and Services Overview

The document contains a series of multiple-choice questions related to banking regulations, definitions, and functions in India, including the Banking Regulation Act, 1949, and the role of the Reserve Bank of India. It covers topics such as banking definitions, escrow services, capital requirements for banks, and the structure of Regional Rural Banks. Additionally, it addresses concepts like bancassurance and para banking activities.

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g v ramanarao
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5 views4 pages

Banking Regulations and Services Overview

The document contains a series of multiple-choice questions related to banking regulations, definitions, and functions in India, including the Banking Regulation Act, 1949, and the role of the Reserve Bank of India. It covers topics such as banking definitions, escrow services, capital requirements for banks, and the structure of Regional Rural Banks. Additionally, it addresses concepts like bancassurance and para banking activities.

Uploaded by

g v ramanarao
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

1.

Banking defined under


a. Section 5 (c ) of BR act 1949
b. Section 45z of BR act 1949
c. Section 5 (b) BR act,1949
d. Section 5 (b) of RBI act,1934
2. Escrow services means
a. a secure arrangement
b. a neutral third party holds money or assets
for two parties
c. deal until all conditions of the agreement are full filled
by both parties preventing fraud and building trust.
d. All the above.
3. What is unique feature of banking ?
a. Investment of money in various financial instruments
b. Lending for various purposes
c. Objective of earning interest or fee i.e. profit
d. Creation of fresh chain of deposits and credit.
4. RBI is Lender of last resort in case of
a. Central Government
b. State Governments
c. Banking Sector
d. All India financial institutions.
5. The capital requirement for Scheduled commercial bank
Is _____________
a. Paid up capital and reserves of not less than Rs.5 lakhs
b. Paid up capital not less than Rs.5 lakhs
c. Reserves not less than Rs.5 lakhs
d. None of the above
6. Scheduled banks are listed in the
a. Banking Regulation act ,1949
b. RBI act ,1934
c . Central Govt. act
d. Indian banks Association

7. Which bank is similar to RBI in United kingdom


a. Lloyd bank
b. Barclays bank
c. Bank of England
d. Grindlays bank
8. Which one of the functions of RBI

a. Payment settlement system


b. framing of guidelines to pension funds
c. Supervision over Stock markets
d. All the above.
9. What is Para banking activity
a) Accepting of deposits
b) lending and investments
c) Offering Insurance and other risk management products
d) All the above
10. Why Banks only accepts deposits withdrawal by cheque
a) Section 39Z of banking regulation act
b) section 49 A of banking regulation act
c) Section 5 (b) of banking regulation act
d) section 45 Z of banking regulation act.

11. Bancassurance is
a) an insurance scheme to insure bank deposits
b) an insurance scheme exclusively for the employees of
banks
c) a composite financial service offering both bank and
insurance products
d) a bank deposit scheme exclusively for employees of
insurance companies

[Link] Regulation Act,1949 was enacted to regulate:


a) Reserve Bank of India
b) banking companies
c) cooperative land development banks
d) primary agricultural credit societies

13. In respect of Regional Rural Banks,


the share holding pattern is:
a) Central Government 50%,State Government 35%,
Sponsoring Bank 15%
b) Central Government 50%,State Government 15%,
Sponsoring Bank 35%
c) Central Government 15%,State Government 35%,
Sponsoring Bank 50%
d) Central Government 35%,State Government 50%,
Sponsoring Bank 15%

14. At present the number of RRBs in India


a. 190
b. 43
c. 28
d. 26
15. The consolidation of RRBs aimed to
a. One Bank -One state
b. One State – One RRB
c. One RRB-One state
d. One RRB- One Nation

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