When was RBI established?
Answer: A
Reserve Bank of India was established in April, 1935 with a capital of 5 cr.
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The RBI sanctioned the amalgamation of the Centurion Bank with the HDFC Bank on ______.
Answer: A
The RBI sanctioned the amalgamation of the Centurion Bank with the HDFC Bank on May 23, 2008.
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Deposits mobilised by the banks are utilised for.
(i) loans and advances
(ii) investment in government and other approved securities in fulfilment of liquidity stipulation
(iii) investment in commercial paper, shares, debentures up to stipulated ceilings
Answer: C
Deposits mobilised by the banks are utilised for loans and advances, investment in government and other approved securities in fulfilment of liquidity stipulation, and investment in commercial papers, shares, debentures up to stipulated ceilings. After the nationalisation of major commercial banks in the country, there has been marked expansion in their business, both with regard to the bank deposits as well as the bank credit. The accretion of deposits was primarily on account of time deposits which increased substantially despite the downward movement of the interest rates and reflected the “safe haven†sentiment.
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Which was the second bank in India with limited liability?
Answer: A
Banking is over 130 years' old in India. The first bank with limited liability managed by Indians was Oudh Commercial Bank founded in 1881. Subsequently, Punjab National Bank was established.
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Which one of the subsidiary banks was merged with the State Bank of India on August 13, 2008?
Answer: D
The State Bank of Saurashtra was merged with State Bank of India on August 13, 2008 as the RBI sanctioned the amalgamation.
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'Subprime lending' is a term applied to the loans made to ___________________________.
Answer: A
These loans are characterized by higher interest rates, poor quality collateral, and less favorable terms in order to compensate for higher credit risk.
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Imperial Bank of India was nationalised in _______.
Answer: B
The largest bank, the Imperial Bank of India, was nationalised in 1955.
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When did the nationalisation of major banks happen?
Answer: D
In the early years of independence the number of bank offices was very small. The process of expansion gathered momentum after the nationalisation of the major banks in July, 1969. At the end of March, 2009 there were over 80,547 scheduled commercial bank offices in India excluding the administrative offices. The major thrust in branch expansion in the country has come only from the public sector banks. Meanwhile, the RBI has liberated its branch licensing policy and given full freedom to nationalised banks for opening new branches.
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What is the full form of CBS?
Answer: A
Core Banking Solution (CBS) is a delivery channel for quick and fast delivery.
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What is the expanded form of the term ALM used in banking sector?
Answer: B
ALM is the practice of managing risks that arise due to mismatches between the assets and liabilities.
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