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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: 4Sir C.D. Deshmukh, CIE, ICS, was an Indian civil servant and the first Indian to be appointed as the Governor of the Reserve Bank of India in 1943 by the British Raj authorities.Question ID: 528
Right Answer: 4SLR: Statutory liquidity ratio refers to the amount that the commercial banks require to maintain in the form of gold or govt. approved securities before providing credit to the customers.Question ID: 130
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: 1The unified payments interface or the UPI is an interface via which you can transfer money between bank accounts across a single window.Question ID: 433
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: 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: 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: 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: 1Permanent Account Number (PAN) is unique alphanumeric combination issued to all juristic entities identifiable under the Indian Income Tax Act 1961.Question ID: 133
Right Answer: 3Reserve Bank of India Act, 1934 is the legislative act under which the Reserve Bank of India was formed on 1st April, 1935.Question ID: 126
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: 2The Reserve Bank of India, the nation's central bank, began operations on April 01, 1935. The RBI was nationalized on January 1, 1949 under the terms of the Reserve Bank of India (Transfer to Public Ownership) Act.Question ID: 73
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: 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: 3National Electronic Funds Transfer (NEFT) NEFT is electronic funds transfer system, which facilitates transfer of funds to other bank accounts in other bank branches across the country.Question ID: 142
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: 2Reserve Bank of India acts as a bankers bank.Question ID: 117
Right Answer: 4National Bank for Agriculture and Rural Development is an apex supervisory body for overall supervision of regional rural banks and apex cooperative banks in India. It is under the jurisdiction of Ministry of Finance, Government of India.Question ID: 121
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