Banking Quiz Banking Quiz 5 November 25, 2011February 16, 2012 hari babu seo trainer 0 Comment Banking Quiz 5 1. Security printing press was established in 1982 at? HyderabadKolkataBombayNew Delhi2. State Bank of India's new floating rate of deposit is directly linked to?Bank RateInflation RateBase RateBPLR3. The banker-customer relationship in credit card payment is?Principal-agentCreditor-debtorAgent principalDebtor-creditor4. Scheduled banks are those?Bank Nationalization Act -1969Includued in the 2nd schedule of the Banking Regulation Act-1949Includued in the 2nd schedule of the Reserve Bank of India Act -1934Includued in the 2nd schedule of the Companies Act-19565. The system of note issue followed by the RBI is?Maximum fiduciary systemProportional reserve systemMinimum fiduciary systemMinimum reserve system6. Six private sector banks were nationalised on April 15, 1980, whose reserves were more than?400 crores100 Crores300 croresRs. 200 crores7. The base rate is set by?RBI in consultation with GovernmentIndividual banksGovernment of IndiaRBI8. The following is classified as a public sector bank?Local area bankICICI Bank Axis BankIDBI Bank Ltd9. The rate at which the Reserve Bank of India lends to the commercial banks in very short term against the backing of the Government securities is known as?Discount rateBank rateReverse RepoRepo rate10. The purpose of which is to make credit of available to essential sectors of the economy according to national priorities?Comprehensive Credit ControlSelective Credit Control (SCC)Reserve fundMaintenance of cash reserve
