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February 1, 2017

GS Test-10-Indian Economy-Indian Commercial Banking System

Welcome to your Indian Economy Daily Test-10-Indian Commercial Banking System



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1) Which of the following is the most important component of the liabilities of Commercial Bank in India?
2) Consider the following statements
1. Global Trust Bank (GTB) has been amalgamated with the Punjab National Bank.
2. The second report of the Kelkar Committee dealing with direct and indirect taxes has maintained its original recommendation including the abolition of exemptions relating to housing loans.
Which of the statements given above is/are correct?
3) Which among the following currencies is the costliest?
4) A scheduled bank is the one which is included in the
5) The sixth economic census is being done in 2011. What was the year of the first economic census?
6) Consider the following statements
1.In India, the minimum denomination coin acceptable for transaction is 50 paise.
2.Coin below 50 paise is not a legal 9-tender for payment.
Which of the statements given above is/are correct?
7) With reference to India consider the following
1.Nationalisation of Banks
2.Formation of Regional Rural Banks
3.Adoption of village by Bank Branches
Which of the statements given above is/are correct about the Indian Banking System?
8) The major aim of devaluation is to
9) Which of the following constitute Capital Account?
1.Foreign Loans
2.Foreign Direct Investment
3.Private Remittances
4.Portfolio Investment
Select the correct answer using the codes given below
10) Consider the following liquid assets
1.Demand deposits with the banks
2.Time deposits with the banks
3.Savings deposits with the banks
The correct sequence of these assets in the decreasing order of liquidity is
11) Which among the following rural banks has been named after a river?
12) In India, the interest rate on savings accounts in all the nationalised commercial banks is fixed by
13) Which of the following Public Sector Bank’s emblem figures a dog and the words ‘faithful friendly’ in it?
14) Currency note of ? 2 denomination and above are liabilities of
15) Which among the following is an asset for a Commercial Bank?
16) Open market operations of Reserve Bank of India refers to
17) When the Reserve Bank of India announced an increased of the Cash Reserve Ratio (CRR), what does it means?
18) Whose signature is found on one rupee notes in India?
19) The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called
20) Consider the following statements
1.The National Housing Bank, the apex institution of housing finance in India, was set up as a wholly owned subsidiary of the RBI.
2.The Small Industries Development Bank of India was established as a wholly-owned subsidiary of the Industrial Development Bank of India.
Which of the statements given above is/are correct?
21) Which of the following terms indicates a mechanism used by commercial banks for providing credit to Government?
22) In India, the first bank of limited liabilities managed by Indians and founded in 1881 was
23) In India, the interest rate on saving accounts in all nationalised banks is fixed by
24) Which of the following Indian Banks is not a Nationalised Bank?
25) Consider the following statements
1.The maximum limit for house holding of India promoters in private sectors banks in India is 49% of the paid up capital.
2.Foreign Direct Investment (FDI) upto 49% from all sources is permitted in private sector banks in India under the automatic route.
Arrange the following correctly
26) Priority sector lending by banks in India constitutes the lending to
27) Which of the followings is called a ‘Banker’s Cheque’?
28) What is the animal of the insignia of the RBI?
29) The basic aim of Lead Bank Scheme is that
30) Government of India, for the first time .nationalised 14 large commercial banks in the year
31) Which of the following grants/grant direct credit assistance to rural households?
1.Regional Rural Banks
2.National Bank for Agriculture and Rural Development
3.Land Development Banks
Select the correct answer using the codes given below

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