1.The Society for World – wide Inter – bank Financial Telecommunication (SWIFT) (4)
(1) was registered as a company in Belgium
(2) is a bank – owned non – profit cooperative society
(3) became operational in May, 1977
(4) All of the above
(5) None of the above
2.Which of the following is an example of off balance sheet finance? (3)
(1) Accommodation Bill
(2) WCTL
(3) Financial loans
(4) Intangible assets
(5) Good will
3.Which of the fall under the quantitative method of credit control adopted by Reserve Bank of India? (4)
(1) Selective credit control
(2) Moral suasion
(3) Credit authorization scheme
(4) All of the above
(5) None of the above
4.Before a bank is included in the Second Schedule of the RBI Act, it must fulfill the following condition(s) (4)
(1) paid up capital and reserve of the bank should not be less than T 5 lakh
(2) it must satisfy the Reserve Bank of India that its affairs are not being conducted in a manner detrimental to the interest of the depositors
(3) it must be a State Cooperative Bank or a company as defined in the Companies Act, 1956 or an institution notified by the Central Government in this behalf or a Corporation or a Company incorporated by or under any law in force in any place outside India
(4) All of the above
(5) None of the above
5.The term ‘Ways and Means’ advances refer to (1)
(1) the temporary advance made to the government by its bankers to bridge the internal between expenditure and the
flow of receipt of revenue
(2) the advance given by the banks to the poorest of the society
(3) lending made under PMRY scheme
(4) All of the above
(5) None of the above