Which among the following defines a non performing asset?
a. In a loan account, the principal due has not been paid for more than ninety days
b. In a loan account, the interest due has not been paid for more than ninety days
c. Both (a. and (b. as mentioned above
d. Assets that have not been commented upon by the bank auditors
Ans – c
………………………………………
Which among the following committees had recommended Income Recognition and assets classification norms?
a. Rangarajan committee
b. Goiporia committee
c. Narasimhan committee
d. Jankiraman committee
Ans – c
………………………………………
What do you mean by the term called as “DRT”, when it comes to recovery of bank dues?
a. Debt Recovery Tribunal
b. Debtor recovery tribunal
c. Debt reminder tribunal
d. Debt recovery tariff
Ans – a
………………………………………
Which of the following has introduced “Banking Ombudsman” in our country?
a. Reserve Bank of India
b. Indian Bank’s association
c. National Institute of Bank Management
d. Indian Institute of Banking and Finance
Ans – a
………………………………………
Banking Ombudsman scheme has been introduced under the provisions of ……
a. Reserve Bank of India act
b. Banking regulation act
c. Indian contract act
d. Consumer protection act
Ans – b
………………………………………
What is the maximum period of time after which a customer of a bank can contact Banking Ombudsman, if he does not receive satisfactory response to his complaint?
a. One month b)Two months
c. Three months
d. One year
Ans – b
………………………………………
A complaint can be submitted before Banking Ombudsman within _of final decision by the bank?
a. Two months
b. Three months
c. Six months
d. Twelve months
Ans – d
………………………………………
In the term “CIBIL’, what do you mean by “B”?
a. Bank
b. Bureau
c. Borrower
d. Bench Ans – b
Which committee has recommended financing to self help group?
a. Kalia committee
b. Narasimhan committee
c. Vasu committee
d. Goiporia committee
Ans – a
………………………………………
When a currency is converted into any other currency without any limit and for any purpose, it is called as ……
a. Fully convertible
b. Partially convertible
c. Controlled convertible
d. Not at all convertible
Ans – a
………………………………………
Which of the following committees has recommended for capital account convertibility in our country?
a. A T Pannirselvam
b. S. Padmanabhan
c. S. Rangarajan committee
d. S. S. Tarapore committee
Ans – d
………………………………………
What is the necessity of foreign capital for a developing country like India?
a. It encourages savings in the country
b. It is helpful to solve the problem of balance of payment
c. It is helpful for economic development of a developing country
d. All the above
Ans – d