Banking and Insurance (Part 34)

26 Mar 2015

(331) What is the %age of loan accounts that is to be routed through rural or\r\nsemi urban branches in DRI advances:  

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 (1) \r\n2/3rd  

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 (2) 50%  

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 (3) 40%  

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 (4) 1/3rd  

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 (5) 30%

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(332) The concepts of Monetary Aggregates and Liquidity aggregates such as M1,\r\nM2, M3 and L1, L2 and L3 have been revised on the recommendations of which of\r\nthe following committees:  

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  (1) \r\nNarasimham Committee  

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  (2) Rangarajan Committee  

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  (3) Raja Chelliah Committee  

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  (4) Y V Reddy Committee  

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  (5) L C Gupta Committee

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(333) A process, through which, a member owned organisation becomes a\r\nshareholder-owned company, is called:  

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  (1) \r\nDemutulisation

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 (2) Dematerialisation  

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 (3) Factoring

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 (4) Derivatives  

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 (5) Securitisation

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(334) After the conversion of hypothecation into pledge the bank will have the\r\nsame right as that of:  

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  (1) \r\nPledgee

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 (2) Mortgagee  

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 (3) Pledger

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 (4) hypothecatee  

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 (5) Hypothecator

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(335) On CRR the banks get interest ___ on ___:  

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  (1) \r\nbank rate, entire balance  

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  (2) 3.5%, eligible balance  

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  (3) bank rate, eligible balance  

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  (4) 3.5%, entire balance  

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  (5) discretion of RBI.

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(336) Which two currencies have been included by RBI in its REER:  

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  (1) \r\nJapanese Yen and Chinese Yuan  

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  (2) Chinese Yuan and Singapore Dollar  

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  (3) Singapore Dollar & Australian Dollar  

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  (4) Australian Dollar & Canadian Dollar  

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  (5) none of the above

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(337) A letter of credit is silent about the currency in which the insurance is\r\nto be obtained. In which of the following will it be obtained?  

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  (1) Indian rupees

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 (2) Euro  

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 (3) US Dollar

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 (4) Pound  

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 (5) currency of the letter of credit

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(338) The maximum level upto which SLR is maintainable is:  

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  (1)  25%\r\n 

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 (2) 30%  

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 (3) 35%  

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 (4) 40%  

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 (5) 45%

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(339) Which among the following is the most appropriate crossing to consider it\r\na `special crossing’?  

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  (1) \r\n`Pay X through his bank’ within two transverse lines  

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  (2) Payee’s account through his bank without\r\ntransverse lines  

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  (3) Name of the bank without transverse lines

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  (4) Name of the bank within transverse lines  

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  (5) 3 and 4

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(340) A term loan is sanctioned for:  

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  (1) \r\nWorking capital purposes  

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  (2) Investment in current assets  

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  (3) Investment in fixed assets  

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  (4) both for fixed assets and current assets  

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  (5) any of the above

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Answers : (331) 1 (332) 4 (333) 1 (334) 1 (335) 2  (336) 2 (337) 5 (338) 4 (339) 5 (340) 3

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