Banking and Financial Institutions MCQs

The Government has approved framework for "Mobile-linked No-Frills Accounts" by banks. Which of the following is/are correct regarding the Government's expectations in this regard.

Assertion (A) Taking of deposits and granting of loans single out banks.
Reason (R) Banks act as intermediaries when they mobilise savings from surplus units to shortage units in order to finance productive activities.

Match the items of List-I with those of List-II and select the correct option:

List-I	List-II
a. High levered fund	1. Market risk
b. Increase in bank rate	2. Purchasing power risk
c. Inflation	3. Financial risk
d. Political instability	4. Interest rate risk

Match the following.

List-I	List-II
a. RBI nationalisation	1. 1964
b. Imperial bank nationalisation	2. 1949
c. Nationalisation of 14 commercial banks	3. 1955
d. Establishment of lDBI	4. 1969

In India, the system of decimal coinage was introduced on:

Renewal charges for all advance accounts to be recovered on

Select the correct statements:
1. Sensex is based on 50 of the most important stocks available on the Bombay Stock Exchange (BSE)
2. For calculating the Sensex, all the Sensex stocks are assigned proportional weightage
3. Sensex became operational in 1978-79 with the base value of 100

What are the salient features of Kisan Vikas Patra?
1. Investment up to Rs. 1.5 lakh, get tax-deduction benefit under IT act.
2. KVPs can be pledged as security-deposit in public sector banks only.
3. KVP Funds can be withdrawn from ATMs using Kisan Credit card.

Identify the correct combination of statements with regard to banking in India.
1. For many years the presidency banks had acted as quasi-central banks.
2. The Bank of Hindustan was liquidated during 1829-32.
3. General Bank of India was an unsuccessful bank and was dissolved in 1791.
4. Bank of Calcutta was renamed as Bank of Bengal in 1921.