1-Regional Rural Banks have been set up with the basic objectives of providing credit, deposit and other banking facilities to people in rural areas
2-Global Market means market of all major countries and their alliances
3-Inflation in India is measured on Wholesale Price Index (WPI) indexes/indicators
4-Which organizations /agencies works solely to monitor and arrange flow of agriculture credit in India ?
5-India’s first indigenous payment gateway is – India Pay
6-When the customer withdraws cash from ATM, the banker and customer relationship is – Debtor and Creditor
7-Regional Rural Banks were set up on the recommendations of Narasimham committee
8-The instrument which provides proprietary interest in company and which entitles a person to
dividend on profits, is called Share.
9-Service Area Approach is associated with Rural finance
10- Interest on Government securities on fixed basis is known as Coupon
11- In the first round 14 major banks with a liability base of 50 crore or more were nationalized
12-SLR is maintained as a percentage of Net demand and time Liabilities
13- The banking company has restriction to sanction loan to Directors of the bank
14-Issuing credit cards is a component of Retail banking
15-The base rate is set by Individual banks
16- State Bank of India’s new floating rate of deposit is directly linked to Base Rate
17- An increase in CRR by RBI leads to Decrease in lendable resources
18- What is meant by development Oriented Banking ?
Ans- Taking up the task of development of the economy by providing support to under privileged
sections of the society
19-RBI is known as lender of last resort because it comes to help banks in times of crisis
20-The term ‘BSR’ refers to Basic Statistical Returns