FIM_Unit1

Which among the following is true about RBI:

• RBI administers the foreign exchange control

• Controls appointment, re-appointment, termination of appointment of the Chairman and chief executive officers of private sector banks

• Establishes specific institutions like NABARD to develop agricultural sector

• All of the above

IBBI stands for ?

• Insolvent and Bankrupt Board of India

• Insolvent and Bankruptcy Bank of India

• Insolvency and Bankruptcy Board of India

• Insolvency and Bankruptcy Bank of India

The state of not being able to pay one's debts or having an excess of liabilities over assets.

• insolvent

• bankrupt

• liquidation

• winding-up

Who appoints an insolvency professional to act as the

interim resolution professional for a corporate insolvency

resolution process?

a) The committee of creditors b) The corporate debtor

c) The National company law tribunal (NCLT)

• The committee of creditors

• The corporate debtor

• National company law tribunal

Appeal against decision of Lok Adalat can be filled in

• District court

• DRT

• LDM office

• No appeal can be filed

Which among the following is a facility extended by the Reserve Bank of India to the scheduled commercial banks (excluding RRBs) and primary dealers to avail liquidity in case of requirement or park excess funds with the RBI in case of excess liquidity on an overnight basis against a collateral of government securities including state government securities?

• Credit Authorization Scheme (CAS)

• Selective Credit Control (SCC)

• Open Market Operations (OMOs)

• Liquidity Adjustment Facility (LAF)

Which of the following is not a function of a commercial bank?

• Accepting deposits

• Issuing currency

• Advancing loans

• Credit creation

The credit policy of a bank does not deal-with

• Credit risk management

• Documentation standards

• Review and renewal of advances

• Outstanding balances in deposit accounts

the banker advances money against immovable property only when the property is __ to the banker

• Mortgaged

• Pledged

• Hypothecated

• None of these

Which of the following is/are functions of a financial system?

• Managing Portfolio adjustment

• Helping to reduce unemployment

• Channeling funds between lenders and borrowers

• Helping speculators to bet on price movements