Banking and Finance (Bank-PO General-Awareness): Questions 395 - 399 of 620

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Question number: 395

» Banking and Finance

Appeared in Year: 2014

MCQ▾

Question

Which bank has tied up with price comparison app Zopper?

Choices

Choice (4) Response

a.

Canara Bank

b.

ICICI Bank

c.

HDFC

d.

Kotak Mahindra Bank

Question number: 396

» Banking and Finance

MCQ▾

Question

When can one file a complaint?

Choices

Choice (4) Response

a.

Bank manager

b.

Governer

c.

Anyone who have unsatisfied with bank service

d.

All of the above

Question number: 397

» Banking and Finance

MCQ▾

Question

Which of the following statements is/are true about Ways and Means Advances (WMA)?

Choices

Choice (4) Response

a.

Limits on WMA are fixed at the beginning of a Fiscal Year.

b.

Section 17 (5) of RBI Act 1934 allows RBI to make WMA both to the Central and State Governments.

c.

These are temporary advances extended by RBI to the government to bridge the interval between expenditure and receipts.

d.

All A, B and C

Question number: 398

» Banking and Finance

MCQ▾

Question

What is Trade Bill?

Choices

Choice (4) Response

a.

Trade bill is an instrument which enables the drawer of the bill to get funds for short period to meet the working capital needs.

b.

Trade bill is an instrument which enables the drawee of the bill to get funds for short period to meet the working capital needs.

c.

Trade bill is an instrument of exchange which RBI issues for selling its securities

d.

Trade bill is a bill which the government sells in the open market to increase its reserves

Question number: 399

» Banking and Finance

MCQ▾

Question

Which if the following is/are the function (s) of Reserve Bank of India?

Choices

Choice (4) Response

a.

Regulation and supervision of the banking and non-banking financial institutions, including credit information companies

b.

Formulates Monetary Policy

c.

Regulation and supervision of mutual funds.

d.

Both a. and c. are correct

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