1. For which of the following, the Reserve Bank of India has stipulated the maximum capital adequacy requirement? (3)
1.Private sector banks
2.Banks that undertake insurance business
3.Local Area Banks
4.Scheduled Commercial Banks
5.None
2.When the Reserve Bank of India (RBI) is the lender of last resort, what does it mean? (3)
1.RBI advances money to public whenever there is any emergency
2.Commercial banks give fund to the RBI
3.RBI advances necessary credit against eligible securities
4.All of the above
5.None
3.Which of the following conditions must be fulfilled before a bank is included in the Second Schedule to the Reserve Bank of India Act? (5)
1.It must be a State cooperative bank or a company as defined in the Companies Act, 1956 or an institution notified by the Central Government in this behalf or a corporation or a company incorporated by or under any law in force in any place outside In
2.It must satisfy the Reserve Bank of India that its affairs are not being conducted in a manner detrimental to the interests of the depositors
3.It must have a paidup capital and reserves of an aggregate value of not less than Rs. 5 lakh
Only (1)
4.All of the above
4.What is macroeconomics? (1)
1.macro economics deals with economic activities of the level of an economy as a whole
2.it deals with only a segment of an economy
3.it deals with both 1 and 2
4.none
5.Only 2
5.Which of the following banks was first to establish merchant banking business in India? (5)
1.ABN Amro Bank
2.Citibank
3.HDFC Bank
4.Standard chartered
5.Grindlays Bank
