JAIIB Quiz for the day 24.02.2020

JAIIB Quiz for the day 24.02.2020

Definition of Bank

As per Banking Regulation Act, 1949 Section 5 (B) Defined accepting deposits from the public for the purpose of loans and investments. (JAIIB Quiz)

Reserve Bank of India https://www.rbi.org.in/

RBI Image

Reserve Bank Of India was started at 1934. Reserve Bank of India is the primary regulator of the banking system. RBI is the Central Bank for the country. RBI has many roles. But two distinct roles are

  • Monetory policy (to control the inflation)
  • Licensing and Supervising  the  of Bank and Non Banking Finance Company

Money Market instruments

Money Market Instruments

  • Money market instruments means, which its maturity period is less than 1 year, those instruments are called money market instruments.
  • Corporate’s (Public Limited) short term bonds are called as Commercial paper
  • Government ‘s  short term bonds are called as  are treasury bills (91 days,182 days, and 364)

Type of Banks

  • Commercial Banks means any bank performing banking business for making profit those are called as commercial Banks.
  • Based on formation Banks are classified as Public Sector Banks (including RRB), Banking Companies, Co- Operative banks and Foreign banks  –

 

JAIIB Quiz for the day - 24.02.2020
Q 006. Who of the following is currently governor of Reserve bank of India?
A. Dr Y.V. ReddyB. Dr. D. SubaraoC. Dr. Urjit R. PatelD. Dr. RaghuramRajanE. sakthi kantha Dhas
Q 007. Which of the following cannot be included in the money market:
A. Call or notice moneyB. Corporate securitiesC. Certificate of depositD. Treasury billsE. None of the above
Q 008. What is the amount of paid-up capital and reserves to qualify for being classified as a scheduled bank as per original guidelines?
A. One lakhB. Five lakhC. Twenty five lakhD. Fifty lakhE. None of the above
Q 009. Which of the following is part of the money market?
A. Bonds issued by the Govt.B. Bonds issued by public sector undertakingsC. Term moneyD. DebenturesE. All the above
Q 009. Which of the following is part of the money market?
A. Bonds issued by the govt.B. Bonds issued by public sector undertakingsC. Term moneyD. DebenturesE. All the above
Q 010. The first nationalization of banks was on:
A. 19 July 1969B. 19 July 1970C. 15 July 1970D. 16 Aug. 1969E. None of the above

 

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JAIIB Quiz – Answer – 21.02.2020: 1-D, 2-E, 3-D, 4-D, 5-D https://moveacademy.in/jaiib-quiz-for-the-day-21-02-2020/

 

This Post Has 3 Comments

  1. Sangeetha

    6-E,7-A,8-C,9-E,10-A

  2. piolin

    6-e 7-a 8-c 9-e 10-b

  3. Radha Lakshmi SBI

    Nice

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