Banking and Foreign Exchange

Which of the following is the central bank of India?

• State Bank of India

• Reserve Bank of India

• Punjab National Bank

• HDFC Bank

When was the Reserve Bank of India established?

• 1935

• 1947

• 1950

• 1965

Which is the largest commercial bank in India?

• ICICI Bank

• HDFC Bank

• State Bank of India

• Punjab National Bank

Which of the following best describes the relationship between a banker and a customer when the customer opens a savings account?

• Hypothecator and Hypothecatee

• Creditor and Debtor

• Bailor and Bailee

• Trustee and Beneficiary

When a bank collects a cheque on behalf of the customer, it acts as a ------

• Debtor

• Agent

• Principal

• Trustee

Which type of bank is primarily focused on providing loans and financial support to the agricultural sector?

• Commercial Bank

• Cooperative Bank

• Regional Rural Bank

• Development Bank

What is the primary function of the Banking Ombudsman in India?

• Issue currency notes

• Resolve complaints of customers against banks

• Approve bank loans

• Regulate interest rates

Which of the following is NOT a function of commercial banks in India?

• Accepting deposits

• Granting loans

• Issuing currency notes

• Providing locker facilities

What does NEFT stand for?

• National Electronic Funds Transfer

• National Emergency Fund Transfer

• National Electronic Fiscal Transfer

• National Economic Funds Transfer

A cheque that is crossed with two parallel lines, either with or without additional words like 'Account Payee', is known as a ------

• Bearer cheque

• Bearer cheque

• Crossed cheque

• Blank cheque