Banking Awareness Part - 2 Answer
21.Correct Answer: D [All of the Above]
Notes:
A lease is a contract. It outlines the terms under which one party agrees to rent property owned by another party. It guarantees the lessee, also known as the tenant, use of an asset and guarantees the lessor, regular payments from the lessee for a specified number of months or years.
A lease is a contract. It outlines the terms under which one party agrees to rent property owned by another party. It guarantees the lessee, also known as the tenant, use of an asset and guarantees the lessor, regular payments from the lessee for a specified number of months or years.
22.Correct Answer: C [Farouk Irani]
Notes:
Leasing activity was initiated in India in 1973. The first leasing company of India, named First Leasing Company of India Ltd. was set up in that year by Farouk Irani, with industrialist A C Muthia. For several years, this company remained the only company in the country
Leasing activity was initiated in India in 1973. The first leasing company of India, named First Leasing Company of India Ltd. was set up in that year by Farouk Irani, with industrialist A C Muthia. For several years, this company remained the only company in the country
23.Correct Answer: B [1978]
Notes:
Deposit Insurance and Credit Guarantee Corporation (DICGC) is a subsidiary of Reserve Bank of India. It was established on 15 July 1978 under Deposit Insurance and Credit Guarantee Corporation Act, 1961 for the purpose of providing insurance of deposits and guaranteeing of credit facilities.
Deposit Insurance and Credit Guarantee Corporation (DICGC) is a subsidiary of Reserve Bank of India. It was established on 15 July 1978 under Deposit Insurance and Credit Guarantee Corporation Act, 1961 for the purpose of providing insurance of deposits and guaranteeing of credit facilities.
24.Correct Answer: B [ It empowers the government to issue directions to the RBI ]
Notes:
The Section 7 in the RBI Act empowers the government to issue directions to the RBI. Although this section has never been used by the central govt, it puts a restriction on the autonomy of the RBI.
The Section 7 in the RBI Act empowers the government to issue directions to the RBI. Although this section has never been used by the central govt, it puts a restriction on the autonomy of the RBI.
25.Correct Answer: A [16th March 1949]
Notes:
Banking Regulation Act, 1949 was enacted on 10 March 1949 and came to effect on 16 March 1949. This act regulated all banking firms in India.
Banking Regulation Act, 1949 was enacted on 10 March 1949 and came to effect on 16 March 1949. This act regulated all banking firms in India.
26.Correct Answer: B [Deutsche Bundesbank]
Notes:
Deutsche Bundesbank is the central bank of Germany. It is located in Frankfurt, Germany. It is a part of the European System of Central Banks (ESCB).
Deutsche Bundesbank is the central bank of Germany. It is located in Frankfurt, Germany. It is a part of the European System of Central Banks (ESCB).
27.Correct Answer: A [Punjab]
Notes:
The first Land Development Bank was started at Jhang in Punjab in 1920. This term is used for the banks which provide long term loans to promote use of land, agriculture etc.
The first Land Development Bank was started at Jhang in Punjab in 1920. This term is used for the banks which provide long term loans to promote use of land, agriculture etc.
28.Correct Answer: D [Mumbai]
Notes:
The headquarter of SBI is located in Mumbai, Maharashtra. The Government of India took control of the Imperial Bank of India in 1955 and renamed it as the State Bank of India.
The headquarter of SBI is located in Mumbai, Maharashtra. The Government of India took control of the Imperial Bank of India in 1955 and renamed it as the State Bank of India.
29.Correct Answer: C [Mumbai]
Notes:
HSBC Bank India has its operational head office in Mumbai. It is a foreign bank under the Banking Regulation Act, 1949. it is regulated by the Reserve Bank of India (RBI).
HSBC Bank India has its operational head office in Mumbai. It is a foreign bank under the Banking Regulation Act, 1949. it is regulated by the Reserve Bank of India (RBI).
30.Correct Answer: A [Jharkhand]
Notes:
Vananchal Gramin Bank (VGB) is a Regional Rural Bank (RRB) in the state of Jharkhand. The bank was established on 30 June 2006 with the amalgamation of the erstwhile Santhal Parganas Gramin Bank and erstwhile Palamau Kshetriya Gramin Bank under the provisions of RRB Act 1976.
Vananchal Gramin Bank (VGB) is a Regional Rural Bank (RRB) in the state of Jharkhand. The bank was established on 30 June 2006 with the amalgamation of the erstwhile Santhal Parganas Gramin Bank and erstwhile Palamau Kshetriya Gramin Bank under the provisions of RRB Act 1976.
31.Correct Answer: C [HDFC Bank]
Notes:
HDFC (Housing and Development Finance Corporation) is the biggest private sector bank of India in terms of market capitalization.
HDFC (Housing and Development Finance Corporation) is the biggest private sector bank of India in terms of market capitalization.
32.Correct Answer: A [1994]
Notes:
The HDFC Bank was incorporated in 1994, with its registered office in Mumbai, India. HDFC (Housing Development Finance Corporation) is the largest private sector bank of India.
The HDFC Bank was incorporated in 1994, with its registered office in Mumbai, India. HDFC (Housing Development Finance Corporation) is the largest private sector bank of India.
33.Correct Answer: D [45]
Notes:
There are 45 foreign banks in India as of November 2018. There are a total of 286 branches operating in India by the foreign banks.
There are 45 foreign banks in India as of November 2018. There are a total of 286 branches operating in India by the foreign banks.
34.Correct Answer: C [RCS]
Notes:
Registration and Management activities are managed by Registrar of Cooperative Societies (RCS). These RCS operate in single-state and Central RCS (CRCS) in multiple states.
Registration and Management activities are managed by Registrar of Cooperative Societies (RCS). These RCS operate in single-state and Central RCS (CRCS) in multiple states.
35.Correct Answer: C [Anyonya Co-operative Bank Limited]
Notes:
Anyonya Co-operative Bank Limited (ACBL) located in the city of Vadodara in Gujarat, is the first co-operative bank in India. It was asked to stop most of its operation in 2007 by the Reserve Bank of India.
Anyonya Co-operative Bank Limited (ACBL) located in the city of Vadodara in Gujarat, is the first co-operative bank in India. It was asked to stop most of its operation in 2007 by the Reserve Bank of India.
36.Correct Answer: B [1976]
Notes:
Regional Rural Banks Act was passed in 1976 which aimed to set up RRBs to provide sufficient banking and credit facility for agriculture and other rural sectors.
Regional Rural Banks Act was passed in 1976 which aimed to set up RRBs to provide sufficient banking and credit facility for agriculture and other rural sectors.
37.Correct Answer: B [2001]
Notes:
Krishna Bhima Samruddhi Local Area Bank Ltd was established on 28th February 2001 with an area of operation comprising three contiguous districts of Mahbubnagar in Andhra Pradesh and Raichur and Gulbarga in the state of Karnataka.
Krishna Bhima Samruddhi Local Area Bank Ltd was established on 28th February 2001 with an area of operation comprising three contiguous districts of Mahbubnagar in Andhra Pradesh and Raichur and Gulbarga in the state of Karnataka.
38.Correct Answer: A [EXIM Bank]
Notes:
The Export-Import Bank of India (EXIM Bank) is a specialized financial institution, that was setup in 1982 for financing, facilitating and promoting foreign trade of India.
The Export-Import Bank of India (EXIM Bank) is a specialized financial institution, that was setup in 1982 for financing, facilitating and promoting foreign trade of India.
39.Correct Answer: A [New Delhi]
Notes:
National Housing for Banking or NHB is an apex financial institution for housing. Its headquarters are located at New Delhi.
National Housing for Banking or NHB is an apex financial institution for housing. Its headquarters are located at New Delhi.
40.Correct Answer: B [75%]
Notes:
The small Finance Banks have been mandated to extend 75% of their credit to priority sector lending. Further, at least half of these loans should be below Rs. 25 Lakh.
The small Finance Banks have been mandated to extend 75% of their credit to priority sector lending. Further, at least half of these loans should be below Rs. 25 Lakh.