Who cancelled Sahara Mutual Fund license on 28th July’15?
Answer: B
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Consider the committee as the step by the RBI to check the functioning of the Micro Finance Institutions (MFIs) operating in India.
Answer: C
Malegam is the chairman of the National Advisory Committee on accounting standards. It was appointed chairman of the famous Malegam Committee (subcommittee of the RBI Central Board of Directors) set up to study issues and concern in the Micro Finance Institution. The committee submitted its report to the RBI in jan., 2011.
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Which one of the following Banks in India had started the special promotional and developmental activities to meet the twin objectives of balanced regional development and accelerated industrial growth in the country?
Answer: B
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Which of the following is/are treated as like artificial currency:
Answer: A
SDR is known as artificial currency of IMF. GDR and ADR are known as financial instruments. So in the above option (a) is correct about the artificial currency. GDR and ADR are financial instruments so they are not an artificial currency.
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Objective of monetary policy is to:
Answer: D
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Which of the following are to be followed by Commercial Banks for risk management?
Answer: A
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NAB CONS refers to:
Answer: B
NABARD consultancy services is a wholly owned subsidiary promoted by NABARD and is engaged in providing consultancy in all spheres of agriculture, rural development and allied areas. NAB CONS leverages on the crore competence of the NABARD in the areas of agricultural and rural development.
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When RBI is the lender of last resort what does it mean?
Answer: A
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Consider the following statements regarding BASEL Standards:
1. Under BASEL-II, banks and financial institutions have to reserve money in a fixed amount to tackle international financial risks.
2. Under Basel-III tier – 3 capital has to be maintained as earlier which is used for market risk.
Which of the above statement is/are correct?
Answer: A
Objective of Basel-2 is to ensure that capital allocation is more risk sensitive. Enhance discloser requirement which will allow market participants to assess the capital adequacy of an institution. Basel-2 is the second of the BASEL Accords which are recommendation on banking laws and regulation issued by Basel committee on banking supervision.
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Which of the following statement is incorrect
Answer: B
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