1. Timer will begin immediately after you click on Start button.
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Right Answer: 1Fixed Deposit Receipts doesn't have the specifications as defined in Negotiable Instruments Act, 1881.Question ID: 111
Right Answer: 3Bank holidays are declared as per Sec.25 of NI Act, 1881 with specific reference to payment of negotiable instruments to be paid on the previous working day.Question ID: 140
Right Answer: 3Lead Bank Scheme is launched in Dec. 1969 implementing the recommendations of Pro.Dr Gadgil Committee, aimed at bringing involvement of banks in the planned process of rural development.Question ID: 119
Right Answer: 4RBI functions comprise monetary management, foreign exchange and reserves management, government debt management, financial regulation and supervision, apart from currency management and acting as banker to the banks and to the Government.Question ID: 118
Right Answer: 2The Banking Ombudsman is a person appointed by the Reserve Bank of India to redress customer complaints against certain deficiency in banking Services. RBI may appoint one of its Officers not below the rank of Chief General Manager of RBI.Question ID: 141
Right Answer: 4Six banks, Oriental Bank of Commerce, Corporation Bank, Andhra Bank, Punjab & Sindh Bank, Vijaya Bank and New Bank of India were nationalized in 1980.Question ID: 72
Right Answer: 3Non-scheduled bank in India means a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949), which is not a scheduled bank.Question ID: 109
Right Answer: 3Repco Bank is a cooperative bank established by the Government of India in 1969 to improve financial needs of repatriates from neighbouring countries mainly from Sri Lanka and Burma.Question ID: 116
Right Answer: 1Yellow Revolution refers Oil Seed Production, Green - Food Grains, Golden - Fruits and Apples, Black/Brown - Non conventional Energy, Silver - Eggs, Red - Meet and Tamota, Round - Potato, Grey - FertilisersQuestion ID: 120
Right Answer: 1Capital share being 50% by the central government, 15% by the state government and 35% by the sponsored bank. Question ID: 113
Right Answer: 3NABARD ACT was enacted in 1981. Shri B Sivaraman committee recommended the formation of NABARD on 28 November, 1979.Question ID: 138
Right Answer: 1Scheduled Banks in India constitute those banks which have been included in the Second Schedule of Reserve Bank of India(RBI) Act, 1934.Question ID: 123
Right Answer: 1A debit card (also known as a bank card or check card) is a plastic payment card that provides the cardholder electronic access to his or her bank account(s) at a financial institution. Debit Cards can be used at Point of Sales (POS) for payments.Question ID: 127
Right Answer: 3In 1949, the Banking Regulation Act was enacted which empowered the Reserve Bank of India (RBI) to regulate, control, and inspect the banks in India.Question ID: 108
Right Answer: 2RuPay is the Indian domestic card payment network being set up by National Payments Corporation of India (NPCI) at the behest of banks in India. This project had been conceived by Indian Banker's Association and has the approval of Reserve Bank of India.Question ID: 134
Right Answer: 1Deposit Insurance and Credit Guarantee Corporation ( DICGC) is a subsidiary of Reserve Bank of India. It was established on 1961 under Deposit Insurance and Credit Guarantee Corporation Act, 1961.Question ID: 128
Right Answer: 3Oxigen wallet is the first ever e-wallet was launched in India in July, 2004. Second wallet365 launched in 2006.Question ID: 474
Right Answer: 2State Bank of India was founded on 1 July, 1955. State Bank of India observes July 1st as its Bank Day.Question ID: 125
Right Answer: 4RuPay is the Indian domestic card payment network being set up by National Payments Corporation of India (NPCI) at the behest of banks in India. Rupay reduces overall transaction cost for the banks in India by introducing competition to international cardQuestion ID: 136
Right Answer: 1On 30 April 1955, the Imperial Bank of India became the State Bank of India. An act was accordingly passed in Parliament in May 1955 and the State Bank of India was constituted on 1 July 1955.Question ID: 107