Q 73. Savings Accounts can be opened by
(a) All individuals fulfilling KY C norms
(b) All tax payers
(c) All individuals above the age of 18
(d) All businessmen
(e) All students below the age of 18
Answer : (a) All individuals fulfilling KY C norms
Q 74. Choose the correct sentence
(a) KYC norms are not applicable for Financial Inclusion
(b) Loans can be granted to students at a low rate of interest
(c) Home loans are not useful for public
(d) NRI customers are not profitable customers
(e) Online marketing is very costly
Answer : (b) Loans can be granted to students at a low rate of interest
Q 75. In a Savings Account, money can be deposited on
(a) Monthly basis
(b) As per the convenience of the depositor
(c) Annual basis
(d) In one lump sum
(e) Quarterly basis
Answer : (b) As per the convenience of the depositor
Q 76. Which of the following terms is not related to banking?
(a) Repayment
(b) Loan
(c) NPA
(d) Fasting
(e) Deposit
Answer : (d) In one lump sum
Q 77. Insurance cover for bank deposits in our country is provided by-
(a) SBI
(b) Government of India
(c) GIC
(d) LIC
(e) DICGC
Answer : (e) DICGC
Q 78. The Headquarters of International Monetary Fund (IMF) is in—
(a) Manila
(b) Paris
(c) Washington DC
(d) London
(e) Jakarta
Answer : (c) Washington DC
Q 79. What does the letter 'L' stands for in the term LAF commonly used in financial/economic news?
(a) Liquidity(b) Least
(c) Liabilities
(d) Long
(e) Liquid
Answer : (a) Liquidity
Q 80. Which of the following is not a primary function of a Bank?
(a) Granting Loans
(b) Collecting Cheques/Drafts of customers
(c) Facilitating import of goods
(d) Issuing Bank Drafts
(e) Selling Gold/Silver Coins
Answer : (c) Facilitating import of goods
Q 81. Which of the following represents correct meaning of 'REPO RATE’?
(a) Rate on which RBI sells Government Securities to Banks
(b) Rate for borrowing rupees by banks from RBI
(c) Rate offered by banks to their prime customers
(d) Rate applicable for grant of priority sector loans
(e) None of these
Answer : (b) Rate for borrowing rupees by banks from RBI
Q 82. Which bank is the banker to the Central Government?
(a) Central Bank of India
(b) Reserve Bank of India
(c) Punjab National Bank
(d) State Bank of India
(e) All of these
Answer : (b) Reserve Bank of India
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