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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) Government of India, for the first time .nationalised 14 large commercial banks in the year
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) When the Reserve Bank of India announced an increased of the Cash Reserve Ratio (CRR), what does it means?
4) 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
5) Which of the following terms indicates a mechanism used by commercial banks for providing credit to Government?
6) Which of the following Indian Banks is not a Nationalised Bank?
7) What is the animal of the insignia of the RBI?
8) The major aim of devaluation is to
9) Currency note of ? 2 denomination and above are liabilities of
10) Which among the following is an asset for a Commercial Bank?
11) 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?
12) Priority sector lending by banks in India constitutes the lending to
13) In India, the first bank of limited liabilities managed by Indians and founded in 1881 was
14) 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?
15) The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called
16) The basic aim of Lead Bank Scheme is that
17) In India, the interest rate on saving accounts in all nationalised banks is fixed by
18) Which among the following rural banks has been named after a river?
19) A scheduled bank is the one which is included in the
20) Open market operations of Reserve Bank of India refers to
21) 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?
22) 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
23) Which among the following currencies is the costliest?
24) 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
25) In India, the interest rate on savings accounts in all the nationalised commercial banks is fixed by
26) Which of the followings is called a ‘Banker’s Cheque’?
27) 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
28) Which of the following is the most important component of the liabilities of Commercial Bank in India?
29) Which of the following Public Sector Bank’s emblem figures a dog and the words ‘faithful friendly’ in it?
30) The sixth economic census is being done in 2011. What was the year of the first economic census?
31) Whose signature is found on one rupee notes in India?

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