Banking Questions & Answers (Compiled from UPSC, SSC ,PSC ,IBPS previous question papers)

According to which guidelines did the Government pick up the entire SBI shares held by the RBI?
ANational Stock Exchange of India
BSecurities Commission
CFinancial Regulations
DSecurities and Exchange Board of India (SEBI)

Which of the following is true about the restrictions on RBI?
A(i) It is not to compete with the commercial banks.
B(ii) It is not allowed to pay interest on its deposits.
C(iii) It cannot engage directly or indirectly in trade.
D(iv) It cannot acquire or advice loans against immovable property.
E(v) It is prohibited from purchasing its own shares or the shares of any other bank or any company or granting loans on such security.
F
( only (i),(ii),(iii), and (iv)
( only (v)
( all the above

C( only (ii), (iii), (iv), and (vii)
D( only (i) , (v), and (vi)
E
F(vii) State Bank of Travancore
(iv) State Bank of Mysore (v) State Bank of Patiala (vi) State Bank of Saurashtra
(i) State Bank of Bikaner and Jaipur (ii) State Bank of Hyderabad (iii) State Bank of Indore

The main objectives of the Export-Import Bank (EXIM Bank) are:
A(i) to ensure an integrated and coordinated approach to solving the problems of exporters
B(ii) to provide special attention to capital goods export and export of technical services
C(iii) to tap domestic and overseas markets for resources, undertake development and finance activities in the areas of exports.
D(iv) to provide financial assistance to the exporters and importers and act as the principal financial institution for coordinating the working of other institutions engaged in financing exports and imports.
E(v) to provide refinance facilities to commercial banks and financial institutions against their export-import financing activities
F
( both (i) and (ii)
( only (iii), (iv), and (v)
( All the above

The new privately-owned domestic banks that started functioning with the approval of the RBI as per the issue of guidelines in January 1993 include:
A(i) UTI Bank Ltd. (Registered Office : Ahmedaba
B(ii) IndusInd Bank Ltd. (Pun
C(iii) ICICI Bank Ltd. (Barod
D(iv) Global Trust Bank Ltd. (Secunderaba
E(v) HDFC Ltd. (Mumbai)
F(vi) Centurion Bank Ltd. (Since amalgamated with HDFC Bank in 2008) (Panaji)
(vii) Bank of Punjab Ltd. (Chandigarh)
(viii) Times Bank Ltd. (Faridaba
(ix) IDBI Bank Ltd. (Indor
(x) Development Credit Bank Ltd. (Mumbai)
( both (i) and (viii)
( only (ii), (iii), (iv), (v), (vi), (vii), (ix), and (x)
(None of the above
( All the above

Which one of the subsidiary banks was merged with the State Bank of India on August 13, 2008?
AState Bank of Hyderabad
BState Bank of Indore
CState Bank of Mysore
DState Bank of Saurashtra

The subsidiary banks attached to the State Bank are:
A(i) State Bank of Bikaner and Jaipur (ii) State Bank of Hyderabad (iii) State Bank of Indore
B(iv) State Bank of Mysore (v) State Bank of Patiala (vi) State Bank of Saurashtra
C(vii) State Bank of Travancore
D
E( only (i) , (v), and (vi)
F( only (ii), (iii), (iv), and (vii)
( All the above