Chapter 6: Banking March 11, 2024 Maven Leave a Comment Welcome to the Chapter 6: Banking Quiz! This quiz is based on the book back questions. Name Email 1. Expansion of ATM. Automated Teller Machine Adjustment Teller Machine Automatic Teller mechanism Any Time Money None 2. The State Financial Corporation Act was passed by Government of India Government of Tamilnadu Government of Union Territories Local Government. None 3. Moral suasion refers. Optimization Maximization Persuasion Minimization None 4. Demonetization of currency includes denominations of ₹500 and ₹1000 ₹1000 and ₹2000 ₹200 and ₹500 All the above None 5. Monetary policy his formulated by. Co-operative banks Commercial banks Central Bank Foreign banks None 6. NABARD was set up in. July 1962 July 1972 July 1982 July 1992 None 7. Online Banking is also known as. E-Banking Internet Banking RTGS NEFT None 8. ARDC started functioning from June 3, 1963 July 3, 1963 June 1 , 1963 July 1 , 1963 None 9. Repo Rate means. Rate at which the Commercial Banks are willing to lend to RBI Rate at which the RBI is willing to lend to commercial banks Exchange rate of the foreign bank Growth rate of the economy None 10. EXIM bank was established in. June 1982 April 1982 May 1982 March 1982 None 11. Central bank is --------------- authority of any country. Monetary Fiscal Wage National Income None 12. Lender of the last resort is one of the functions of. Central Bank Commercial banks Land Development Banks Co-operative banks None 13. Who will act as the banker to the Government of India? SBI NABARD ICICI RBI None 14. A Commercial Bank is an institutions that provides services Accepting deposits Providing loans Both a and b None of the above None 15. NBFI does not have. Banking license government approval Money market approval Finance ministry approval None 16. Bank Rate means. Re-discounting the first class securities Interest rate Exchange rate Growth rate None 17. Credit creation means. Multiplication of loans and advances Revenue Expenditure Debt None 18. The Functions of commercial banks are broadly classified into Primary Functions Secondary functions Other functions a, b, and c None 19. Bank credit refers to Bank Loans Advances Bank loans and advances Borrowings None 20. A Bank is a Financial institution Corporate An Industry Service institutions None Time's up Related Posts:Chapter 1: Introduction to Micro EconomicsChapter 2. Consumption AnalysisChapter 3: Production AnalysisChapter 4: Cost and Revenue Analysis
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