Banking and Financial Institutions MCQs

Assertion (A) "The problem of rural credit is not primarily one of rural credit, it may be said to be one of rural minded credit." Reason (R) The Indian economy has yet to come out of rural mentality.

Match the following. List-I (Activities) List-II (Functions) a. Underwriting 1. Primary functions b. Transfer of funds 2. Granting advances c. Overdraft 3. Utility functions d. Recurring deposits 4. Agency functions

Funds which combined the features of an Open-Ended and Close-Ended funds are known as which of the following?

Which of the following statements are true? 1. RBI follows Minimum Reserve System for issuing paper currency note. 2. Under Section 22 of the RBI Act, the RBI issues notes. 3. The bill which does not require any acceptance is called Promissory Note. 4. Bank deposit is a non-marketable security.

What will be the impact on liquidity position, if Reverse Repo Rate is used actively by RBI?

What is the CRISIL rating for New India Assurance Company Limited?

Letters of credit, Guarantees, Forward Contracts etc., come under which one of the following?

In which Policy, the insurer agrees to pay the assured or his nominees a specified sum of money on his death or on the maturity of the policy whichever is earlier?

Which of the following statement is true about the NSE MIBOR polling process?