The place where bankers meet and settle their mutual claims and accounts is known as : [Bank PO 1993]
treasury
clearing House
collection Centre
dumping Ground
Correct Answer :
B. clearing House
Related Questions
The liabilities of a commercial bank are:
1. time deposits
2. security holdings
3. demand deposits
4. advances from the central bank
1, 2 and 3
1, 3 and 4
2 and 4
1 and 3
The primary objective of Unit Trust of India is:
to assist the industries in financial difficulties
to diffuse the benefit of development among the masses
to accumulate funds for public investment expenditure
to promote the investment habit among those who have not been able to diversify investment risk
Stock Exchanges play, role in an economy which may be termed as [UBI PO 2010]
hardly useful
useful but need strict regulation
harmful to proper capital markets
a gambling-where many investors get ruined
Which of the following is now a punishable offence by a Bank Account holder ? [Bank PO 1990]
If a cheque is not crossed
If a post-dated cheque is issued
If a cheque drawn by him is dishonoured for insufficiency of funds in his account
Issuing a cheque without signature
Which of the following constitute short-term sources of finance for small scale industries?
1. Private money lenders
2. Loans by commercial banks
3. Credit Guarantee schemes
4. National Small Industries Corporation
1, 2 and 3
1 only
1, 2 and 4
1, 2, 3 and 4
The RBI has regional offices at various places. At which of the following places it does not have an office? [RBI Grade B Officer 2011]
Kota
Nagpur
Lucknow
Panaji
The oldest stock exchange of India is :
Bombay Stock Exchange
Ahmedabad Stock Exchange
Bangalore Stock Exchange
Hyderabad Stock Exchange
For regulation of the Insurance Trade in the country the Government has formed: [UP PCS 2002]
SEBI
Reserve Bank of India
Insurance Regulatory and Development Authority
General Insurance Corporation
Regional Rural Banks are designed to work in which of the following ideals? [IAS 1988]
Work on basics of commercial banks
Help the targetted groups
Keep lending rates lower than cooperative institutions
Work on innovative and adaptive ideals
Which amidst the following rural banks has been named after a river? [NDA 2002]
Prathama Bank
Varada Grameen Bank
Thar Anchalik Grameen Bank
Aravali Kshetriya Grameen Bank
Consider the following statements:
1. life Insurance Corporation of India is the oldest insurance company in India.
2. National Insurance Company limited was nationalized in the year 1972 and made a subsidiary of General Insurance Corporation of India.
3. Headquarters of United India Insurance Company limited are located at Chennai.
Which of the statements given above are correct? [lAS2006)
1, 2 and 3
1 and 2, only
2 and 3, only
1 and 3, only
What is the difference between Debentures and Equity?
Debentures are sealed bonds acknowledging that money has been borrowed; equity is a shareholder's share voting rights in proportion to his shareholding
An equity shareholder cannot withdraw his amount whereas debentures can be withdrawn by taking back the amount
Equity shareholding is more risky, compared to debentures which are bound to return good interest on the principal
Both debenture and equity holders have the right of voting irrespective of the proportion of holdings but debentures are of lower value than equity
When was the Reserve Bank of India taken over by the Government? [PCS 1994]
1945
1948
19S2
1956
All of the following are subsidiaries of the State Bank of India, except:
State Bank of Bikaner and Jaipur
Central Bank of India
State Bank of Hyderabad
State Bank of Patiala
The system of value added taxation is applicable to:
excise duties
income tax
estate duty
taxes on agricultural income
The Securities and Exchange Board of India has been set up to :
1. protect the interests of investors
2. to regulate the activities of brokers in the stock market
3. to ensure transparency in operation in the stock market.
4. to encourage a healthy growth of the stock market
Choose your answer from:
1 and 2
1, 2 and 4
1, 2 and 3
1, 2, 3 and 4
In India, the bank NABARD does not provide refinance to : [CDS 2002]
Scheduled Commercial Banks
Regional Rural Banks
Export-Import Banks
State Land Development Banks
In which year, some more commercial banks (in addition to the first lot of 14) were nationalised in India?
1976
1979
1980
1982
The arguments to support opening up of the Insurance sector in India were:
1. It will provide wider choice to customers
2. It will infuse competition and efficiency
3. It will widen the base of long term funds
4. It will improve balance of payments position
Choose the correct answer from:
1, 2
2, 3
1, 2, 3
1, 2, 3 and 4
Which of the following best defines the term 'Letter of Credit' as used frequently in bank transactions? [SBI PO 1991]
An order from a bank to another bank abroad authorising the payment of a particular amount to a person named in the letter
An unconditional undertaking given by a bank ensuring the payment of a particular amount to the drawee at a given date
Letter by a bank to a person stating the terms and conditions of the loan sanctioned to him by the bank
Statement showing outstanding- deposits and credits of a bank for a particular period
According to the RBI directions, a NBFC (Non-Banking Finance Company) must possess a Net-owned Fund of the amount:
minimum Rs.5 lakh
minimum Rs. 10 lakh
minimum Rs. 25 lakh
minimum Rs. 50 lakh
'Sub Prime Lending' is a term applied to the loans made to ___ [Punjab & 5indh Bank 2011]
those borrowers who do not have a good credit history.
those who wish to take loan against the mortgage of tangible assets.
those who have a good credit history and are known to bank since 10 years.
None of the above
The basic regulatory authority for mutual funds and stock markets lies with the:
Government of India
Reserve Bank of India
Securities and Exchange Board of India
Stock Exchanges
The largest Public Sector Bank in India is: [CDS 1991]
Central Bank
State Bank of India
Punjab National Bank
Indian Overseas Bank
EXIM Bank was set-up in :
1980
1982
1985
1986
Bank rate is the rate at which:
a bank lends to the public
the Reserve Bank of India lends to the public
the Government of India lends to other countries
the Reserve Bank of India gives credit to commercial banks
Participatory Notes (PNs) are associated with which one of the following?
Consolidated Fund of India
Foreign Institutional Investors
United Nations Development Programme
Kyoto Protocol
The first Bank established in India was
Punjab National Bank
Traders Bank
State Bank of India
Bank of Hindustan
Which of the following is at the apex of Industrial Finance in India? [UDC 1995]
Industrial Finance Corporation
Reserve Bank of India
Industrial Development Bank of India
Industrial Credit and Investment Corporation of India
Open market operations of a Central Bank are sale and purchase of:
foreign currencies
corporate securities
trade bills
government securities