1.In banks, the technology pushes the delivery of services out of bank and the focus shifts from cost reduction to (3)
(1) increase of interest
(2) reduction of employees
(3) maintaining market position
(4) reduction of salaries
(5) betterment of management
2.Bills rediscounting scheme of IDBI is available to commercial banks for obtaining refinance in respect of (3)
(1) trade bills, arising out of genuine commercial transactions, discounted by banks
(2) government supply bills
(3) bills discounted which are drawn by the suppliers of machinery when machinery is sold on deferred payment terms
(4) All of the above
(5) None of the above
3.The note issue system in India is based on (2)
(1) Gold Deposit System
(2) Minimum Reserve System
(3) Proportional Reserve System
(4) Simple Deposit System
(5) None of the above
4.What are the two important functions of Banks? (4)
(1) Accepting deposits
(2) Lending monies and/or investment of funds
(3) Recruitment of sub-staff
(4) (1) and (2)
(5) All of the above
5.The Regulatory Authority for Regional Rural Banks is (1)
(1) RBI and NABARD
(2) Sponsoring Bank
(3) State Government and Central Government and Sponsoring Bank in the ratio of 15 : 50 : 35
(4) All of the above
(5) None of the above
