Banking exams, IBPS, SBI Banking Awareness – 03 Posted on July 2, 2020July 2, 2020 by admin 1 Created on July 02, 2020 By admin Banking exams, IBPS, SBI Banking Awareness - 03 1 / 10 1. Section 6(A) of B.R. Act has given the list of ancillary services which can be rendered by a Bank under the Banking Regulation Act. in the event that a Bank wants to undertake any other services (other than the list): A. The bank can seek authority from the RBI B. Board of directors of that Bank can decide the business suitable to the bank C. It can be decided by the Bank in the shareholders meeting D. Bank can do so if that business is notified by the Central Government as the lawful business of a Banking company 2 / 10 2. Banking Companies are prohibited under Sec 8 of banking Regulation Act to sell and purchase securities. Yet Banks are selling securities (of the customer) which are under pledge as permitted by: A. Indian Contract Act B. SARFAESI Act C. Government Notification D. Banking Regulation Act 3 / 10 3. Cryptocurrency is a _______ . A. Plastic Money. B. Digital Medium of Exchange C. Digital payment D. Both A & B 4 / 10 4. Computer Emergency Response Team India comes under ___________. A. Ministry of Communications and Information Technology B. Ministry of Commerce. C. RBI D. Department of Information & Technology. 5 / 10 5. Which country did not participated in the 44th World Economic Forum ? A. India B. Israel C. Iran D. None of these 6 / 10 6. Which panel is scrutinizing applications for new bank licences. A. P Chidamabram B. C.N.R. Rao Panel C. Bimal Jalan Panel D. Raghuram Rajan 7 / 10 7. Which one is not the most common objective of Banking regulations ? A. Systematic Risk Reduction B. Credit Allocation C. Prudential Objectives D. Market Discipline 8 / 10 8. Which statement is not correct about Capital Adequacy Ratio ? A. It is a thermometer of Bank’s Health. B. It is the ratio of its Capital to its Risk. C. It can indicate the Capacity of the Bank’s ability to absorb the possible losses. D. A good CAR makes vulnerable to the Depositors and lose faith in the banking system. 9 / 10 9. In which year India become a member of Financial Action Task Force ? A. 1978 B. 2000 C. 2010 D. 1994 10 / 10 10. __________ was appointed by PM in July 2012 to look into taxation of IT sector. A. Rangachary committee B. Bimal Jalan Committee C. C N R Rao Committee D. Damodran Committee Your score is The average score is 30% LinkedIn Facebook Twitter 0% Restart quiz
1. Section 6(A) of B.R. Act has given the list of ancillary services which can be rendered by a Bank under the Banking Regulation Act. in the event that a Bank wants to undertake any other services (other than the list):
2. Banking Companies are prohibited under Sec 8 of banking Regulation Act to sell and purchase securities. Yet Banks are selling securities (of the customer) which are under pledge as permitted by: