Banking and Finance [Bank-PO (NRA) General-Awareness]: Questions 250 - 254 of 625

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Question 250

Question MCQ▾

SEBI is a/an________.

Choices

Choice (4)Response

a.

Statutory Body

b.

Advisory Body

c.

Constitutional Body

d.

Non-statutory Body

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Question 251

Question MCQ▾

The power of banks to create credit depends on ________

Choices

Choice (4)Response

a.

amount of cash with them only

b.

amount of cash with them and the safe ratio

c.

the reserves with the bank

d.

safe ratio only

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Question 252

Question MCQ▾

Which of the following statements is/are TRUE?

Choices

Choice (4)Response

a.

Savings Bank account can be opened with a minimum initial deposit that varies from bank to bank.

b.

There are restriction on number of withdrawals from savings bank account.

c.

Current Deposit Accounts are held by big businessmen, companies and institutions.

d.

All a., b. and c. are correct

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Question 253

Question MCQ▾

________ is a collective investment scheme that exists as a single legal entity but has several distinct sub-funds which, in effect, are traded as individual investment funds.

Choices

Choice (4)Response

a.

Collective fund

b.

Umbrella Fund

c.

Group fund

d.

All of the above

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Question 254

Appeared in Year: 2014

Question MCQ▾

What are the roles of a Business Correspondent?

Choices

Choice (4)Response

a.

Business correspondents are bank representatives.

AND

The Business Correspondent carries a mobile device.

b.

They help villagers to open bank accounts.

c.

They help villagers in banking transactions.

d.

All a., b. and c. are correct

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