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
Correct Answer :
B. 1 and 2 only
Related Questions
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 bank gives long term loan to farmers?
NABARD
Land Development Bank
SBI
Rural banks
In which year, some more commercial banks (in addition to the first lot of 14) were nationalised in India?
1976
1979
1980
1982
As per the reports published- in various journals and newspapers the 'small borrowers' in rural areas still prefer to take informal route for their credit needs. Which of the following is the 'informal route' of credit in financial sector? [Punjab & Sindh Bank 2011]
Credit cards
Loan against gold from financial institute
Debit cards
Money lender
Consider the following statements: [IAS 2004]
1. The National Housing Bank, the apex institution in housing finance in India, was set up as a wholly owned subsidiary of the Reserve Bank of India
2. The Small Industries Development Bank of India was established as a wholly owned subsidiary of the Industrial Development Bank of India
Which of the statements given above is/are correct?
1 only
2 only
Both 1 and 2
Neither 1 nor 2
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
Regional rural banks:
1. have limited area of operation
2. have free access to liberal refinance facilities from NABARD
3. are required to lend only to weaker sections
1 and 3
2 and 3
1, 2 and 3
1 and 2
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
Which one of the following Public Sector banks' emblem figures a dog and the words 'faithful, friendly' in it ? [CDS 2010]
Punjab National Bank
Syndicate Bank
Oriental Bank of Commerce
State Bank of India
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
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
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
Which of the following organisations prepare rural credit plans on annual basis for all districts in India, which in turn form the base for annual credit plans of all rural financial institutions? [RBI Grade B Officer 2011]
SIDBI
NABARD
RBI
Indian Bank's Association
The main function of the Exim Bank is:
to help RBI in the regulation of foreign exchange
to prevent unlicensed transaction
to promote exports and curtail imports
to conserve foreign exchange
Open market operations of a Central Bank are sale and purchase of:
foreign currencies
corporate securities
trade bills
government securities
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
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
A Scheduled Bank is one which is included in the: [CPO SI 2002]
II Schedule of Banking Regulation Act
II Schedule of Constitution
II Schedule of Reserve Bank of India Act
None of the above
The main difference between shares and debentures is :
debentures can only be issued after shares
shareholders receive dividend on shares whereas debenture holders receive interest on debentures
debentures can be partly converted into shares whereas shares cannot be converted into debentures
shareholders are the owners of the company whereas debenture holders are the creditors of the company
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 activities would Small Industries Development Bank of India (SIDBI) undertake under the new rural industrialisation programme? [Bank PO 1994]
1. Consultation in erecting the project
2. Providing marketing assistance and refinance facilities at later stage
3. Running the project during initial stage
Only 1and 2
Only 2 and 3
Only 2
Only 1
The National Stock Exchange functions from:
New Delhi
Mumbai
Nagpur
Kolkata
To prevent recurrence of scams in Indian Capital Market, the Government has assigned regulatory powers to: [IAS 1995]
RBI
SBI
SEBI
ICICI
What is the animal on the insignia of the RBI ? [CPO SI 2002]
Lion
Tiger
Panther
Elephant
The best way, a bank can avoid loss is to :
lend only to individuals known to the bank
accept sound collateral
give only short-term loans
lend only to bank's old customers
In the world of commodity exchanges-the' concept of A standard contract to buy or sell a specified commodity at a certain date in future and at a market driven price is known as [UBI PO 2010]
Future contract
Forward contract
Market contract
None of these
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
Which one of the following is not a feature of Limited Liability Partnership firm? [IAS 2010]
Partners should be less than 20
Partnership and management need not be separate
Internal governance may be decided by mutual agreement among partners
It is a corporate body with perpetual succession
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
The difference between a bank and a non-banking financial institution (NBFI) is that: [IAS 1994]
a bank interacts directly with customers while an NBFI interacts with banks and governments
a bank indulges in a number of activities relating to finance with a range of customers, while an NBFI is , mainly concerned with the term loan needs of large enterprises
a bank deals with both internal and international customers while an NBFI is mainly concerned with the finances of foreign companies
a bank's main interest is to help in business transactions and saving/investment activities while an NBFl's main interest is in the stabilisation of the currency