Supervision over the depositories and stock exchanges is the role of:
RBI
IRDA
SEBI
PFRDA
Against which type of the following security, the banks can sanction loans:
commercial paper
certificate of deposit
FDR issued by other bank
none of the above
If a person wants to undertake trading on a stock exchange as a broker he has to fulfill which of the following conditions:
registration with RBI and membership of the concerned stock exchange
registration with SEBI and membership of the concerned stock exchange
registration with SEBI, membership of the concerned stock exchange and relevant educational qualification
registration with SEBI and membership of the concerned stock exchange and required financial strength.
In a book building issue, which of the following term relating to price match:
the price band – the range of price with in which the issue will be made
floor price – the price at which the share shall be actually issued
cut off price – the minimum price below which the share will not be issued
all the above
The responsibility to make investment in various types of securities for a mutual fund lies with which of the following:
sponsor
trustee
asset management company
custodians
The bancassurance business is convergence of:
branch and bank staff
banking and insurance
insurance products and the bank customers
all the above
In a bank guarantee, the banks undertake to guarantee the:
financial commitments of their borrowers only
performance of contracts by their borrowers only
financial commitments of their borrowers and performance of contracts by their borrowers
none of the above
A forward exchange contract is a contract between the bank and ____ for ____ of specified quantity of foreign currency:
bank, sale only
bank, purchase only
customer, sale only
customer, sale or purchase
In a situation of strategic alliance,
the alliance partners merge with each other
remain separate entities
one of the alliance partners, acquires the other
any of the above.
The minimum maturity period of Certificate of deposit as reduced from April 2005 is:
7 days
10 days
14 days
15 days
From an individual customer, which of the following documents can be accepted for the purpose of identification, under KYC guidelines of RBI:
telephone bill
ration card
voter identity card
any of the above
An amount of Rs.20000 deposited as cash by Sohan Lal has been posted by the bank in the account of Sohan Lal Mohan Lal. The relationship between bank and Sohan Lal Mohan Lal is that of:
debtor - creditor
creditor- debtor
trustee - beneficiary
agent - principal
When two accounts are combined for the purpose of final settlement of mutual debts, it is called:
particular lien
set off
implied pledge
appropriation
Which of the following cheques cannot be paid by the paying bank, if presented:
cheque is accidentally torn by collecting bank and bank confirms mutilation guaranteed
cheque is accidentally torn by the drawer and he confirms the mutilation
cheque is accidentally torn by the payee and he confirms that it happened by mistake and he takes responsibility for loss
none of the above
The banks permits the minors to open bank account subject to certain conditions:
the permission is with a view to meet the requirement of law
the permission is with a view to meet RBI directives
the permission is with a view to inculcate the habit of saving and thrift
all the above
What is the maximum validity period of a travellers’ cheque:
1 months
3 months
6 months
none of the above
Under turnover method of working capital calculation, the operating cycle is assumed on average for:
one month
two months
three months
six months
Within 60% target for micro enterprises within MSE advances, there are further targets for micro enterprises. Which of the following is correct:
40% points out of 60% points, should be given to micro enterprises with investment in plant and machinery and equipment up to Rs.5 lac
40% points out of 60% points, should be given to micro enterprises with investment in plant and machinery and equipment up to Rs.2 lac
20% points out of 60% points, should be given to micro enterprises with investment in plant and machinery and equipment above Rs.5 lac
20% points out of 60% points, should be given to micro enterprises with investment in plant and machinery above Rs.5 lac and equipment above Rs.2 lac
A loan has been sanctioned for development of fruit orchards. It shall be part of which of the following types of agriculture loans:
finance to horticulture
farm mechanization
land development
it is not an agriculture loan
Bank-B released a loan of Rs.35 lac to a partnership firm for purchase of fixed assets and for meeting working capital limits. The loan documents were signed by three partners at three different places on January 12, 2009, January 26, 2009 and January 25, 2009. Which among these will be the starting point for the purpose of validity of the documents for limitation purpose:
documents are not valid as these have been executed at different places
documents are not valid as these have been executed on different dates
limitation begins from January 12, 2009
limitation begins with reference to Jan 26, 2009