1. For acting as composite corporate agent, banks are required to obtain prior approval from (1)
(1) IRDA (2) Government of India (3) No prior approval
(4) LIC of India (5) None of the above
2. Without the approval of the RBI, a bank can’t declare dividend in excess of (4)
(1) 10% (2) 25% (3) 20% (4) 15% (5) None of these
3. Money market consists of (5)
(1) treasury bill market (2) commercial bill market (3) call money market
(4) (1) and (2) (5) All of the above
4. In terms of Section, 19 of the RBI Act, 1934, the RBI has been prohibited from (4)
(1) making loans or advances
(2) drawing or accepting bills payable otherwise than on demand
(3) allowing interest on deposits or current accounts
(4) All of the above
(5) None of the above
5. A bank incorporated in India cannot open an office (place of business) outside India without obtaining prior permission of (1)
(1) Reserve Bank of India (2) Ministry of External Affairs, Government of India
(3) Indian Bank’s Association (4) All of the above
(5) None of the above