FL Assessment-II

In which year was the Banking Regulation Act passed?

• 1949

• 1955

• 1959

• 1969

Which among the following is not a public sector bank?

• Allahabad Bank

• City Union Bank

• UCO Bank

• Vijaya Bank

What is the primary function of a bank?

1.  

   •  

• 1. Accepting Deposits

• • Fixed Deposits

• • Current Deposits

  •  

• • Savings Deposits

16. What is the process by which commercial banks create money?

17.  

• •  Accepting New Deposits

• • Through Cash Reserve Ratio

• •  Through Investing

• 16. Issue of Loans

11. Which of these are not a function of the Reserve Bank of India?

• 11. Currency printing

• • Credit Controller

• • Coin distribution

• • Foreign currency custodian

A check written with a future date is known by as _______________.

• Stale Cheque

• Outdate Cheque

• Expired cheque

• Postdated Cheque

______________ were assigned the critical role of delivering agriculture and rural credit.

• Co-operative Banks

• Commercial Banks

• Regional Rural Banks

• Development Banks

Under which sector will the banking sector fall?

• Agricultural sector

• Industrial sector

• Service sector

• market sector

What happens if a crossed cheque is presented for payment?

• It can be paid only through a banker

• It cannot be paid at all

• It can be paid across the counter in another bank

• It can be a dishonored cheque

___________ is an 11 character code for identifying the bank and branch in which an account is

held.

• MICR Code

• IFSC Code

• Cheque

• Account details