What is the role of 'Over-the Counter Exchange' (OTC)?
Help in the introduction of multi-tiered markets and import liquidity to them
Help to overcome the balance of payment crisis
To arrange funds from different foreign banks of developing/ under developing countries
All of the above
Correct Answer :
A. Help in the introduction of multi-tiered markets and import liquidity to them
Related Questions
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An equity shareholder cannot withdraw his amount whereas debentures can be withdrawn by taking back the amount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
Consider the following statements: [IAS 2004]
1. Reserve Bank of India was nationalized on 26 January, 1950
2. The borrowing programme of the Government of India is handled by the Department of Expenditure, Ministry of Finance
Which of the statements given above is/are correct?
1 only
2 only
Both 1 and 2
Neither 1 nor 2
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
Debenture holders of a company are its:
shareholders
creditors
debtors
directors
In India, which of the following have the highest share in the disbursement of credit to agriculture and allied activities? [CSAT 2011]
Commercial Banks
Cooperative Banks
Regional Rural Banks
Microfinance Institutions
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
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 among the following is the oldest Development Financial Institution of India?
UTI
IDBI
ICICI
IFCI
Consequent 'upon the recommendations of the Working Group on Rural Banks, 5 Rural Regional Banks were initially set up in the year [CPO SI 2010]
1973
1974
1975
1976
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
Which of the following is the Banker of the Banks? [Railways 1995]
IDBI
SBI
RBI
SBI and RBI
The Reserve Bank of India issues:
all the currency notes
all the currency notes except the one rupee note
all the currency notes except the hundred rupee note
only notes of Rs. 10 and above
Who is responsible for the collection and publication of monetary and financial information?
Finance Commission
Finance Ministry
Reserve Bank of India
Auditor and Comptroller General of India
Nationalisation of banks was done with the purpose of:
financing the industries
improving credit facilities
consolidating the economy
improving security of deposits
Consider the following statements:
1. ICICI Bank is the largest private sector bank in India.
2. Postal life Insurance is the oldest life insurance organization in India.
Which of the statements give above is/are correct? [IAS 2005]
1 only
2 only
Both 1 and 2
Neither 1 nor 2
The acronym SRO, being used in the capital market for various market participants, stands for which one of the following? [CDS 2008]
Self-Regulatory Organisations
Small Revenue Operators
Securities Roll-back Operators
Securities Regulatory Organisations
Which of the following provides the largest part of the demand for loanable funds in India?
Farmers
Private-house purchasers
Corporate businesses
Hire-purchase borrowers
In India, the first bank of limited liability managed by Indians and founded in 1881 was:
Hindustan Commercial Bank
Oudh Commercial Bank
Punjab National Bank
Punjab and Sind Bank
In which year, some more commercial banks (in addition to the first lot of 14) were nationalised in India?
1976
1979
1980
1982
The Imperial Bank of India, after nationalisation was given the name of:
Reserve Bank of India
Bank of India
State Bank of India
Indian Overseas Bank
Bouncing of cheques has become an offence. What is the punishment for the same:
6 months imprisonment
1year imprisonment
2 years imprisonment
3 years imprisonment
The first Bank established in India was
Punjab National Bank
Traders Bank
State Bank of India
Bank of Hindustan
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
The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called: [IAS 1998]
SBRC (Statutory Bank Ratio)
SLR (Statutory Liquid Ratio)
CBR (Central Bank Reserve)
CLR (Central Liquid Reserve)
Which two of the following nationalized banks have been merged as per the recommendation of the Narsimhan Committee? [NDA 1995]
New Bank of India and Bank of India
Central Bank of India and Corporation Bank
Parur Bank of India and Bank of India
Punjab National Bank and New Bank of India
Which one of the following statements is not correct? [CDS 2009]
The National Association of Securities Dealers Automated Quotations known as NASDAQ, is an American stock exchange
Nikkei is the stock market index for the Tokyo Stock Exchange
S and P CNX Nifty is the index for 50 large companies on the Bombay Stock Exchange
Hang Seng Indexes record daily changes of the largest companies of the Hong Kong stock market
The National Stock Exchange functions from:
New Delhi
Mumbai
Nagpur
Kolkata
Which of the following are under the purview of Industrial Development Bank of India?
1. Unit Trust of India
2. Life Insurance Corporation of India
3. Export-Import Bank
4. State Finance Corporation of India
1, 2 and 3
2, 3 and 4
1, 3 and4
1, 2 and 4
Which of the following statements regarding Regional Rural Banks (RRB) in India is/are correct ?
1. The basic aim of setting up the RRBs is to develop rural economy.
2. The area of RRBs is limited to a specific region comprising one or more districts.
3. RRBs are sponsored by Commercial Banks.
Select the correct answer using the code given below: [Asstt Commdt 2011]
1 only
1 and 2 only
2 and 3 only
1, 2 and 3
Which of the following is called a 'banker's cheque' ? [CDS 2002]
Demand draft
Debit card
Pay order
Fixed deposit