Banking – II Answers

16 Imperial bank ofIndiawas later renamed as Ans) SBI
17  M.D. Mallya is the Chairman of which of these banks? Ans) Bank ofBaroda
18  SDR, the currency of the IMF, is in the form of Ans) Book keeping entry only
19  Who declares the Credit Policy of India? Ans)Reserve Bank ofIndia
20  Which state was in news for passing a Bill for regulating Micro Finance Institutions recently? Ans) Andhra Pradesh
21 What is full form of NBFC as used in financial sector? Ans) New Banking and  Finance Corporation
22 Narshimhan Committee is related to Ans) Banking
23 Which of the following public Sector Banks had minimum Gross NPA in year 2010 among all public sector banks? Ans)Punjaband  Sind Bank
24 Malegam Committee has recommended capping of interest rate of micro finance institution at; Ans) 24%
25 Which among the following body promoted securities Trading Corporation of India Limited (STCI) jointly with the Public sector Banks? Ans) Reserve bank OfIndia
26 An agreement whereby an issuing Bank at the request of the Importer undertakes to take payment to the exporter against stipulated documents for overseas trading? Ans)Letter of Credit
27 Which among the following correctly defines the Net Interest Income (NII) for banks? Ans) Difference between interest earned and interest paid
28 When there is an inflationary trend in the economy what would be trend in the pricing of the Bank products? Ans) Increasing trend
29 Which of the following banks launched 24 hour operating e-banking lounge in Chennai in April 2011? Ans)  Indian Bank
30 Bajaj Auto announced its tie-up with which bank to offer inventory finance to its dealers? Ans)  State Bank ofIndia

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