Static Banking Awareness Questions & Answers Pdf - 2

Question: 6

The Narasimhan Committee (1991) on financial reforms proposed for establishment of a

(A) United control by the apex institutions

(B) Two tier hierarchy of the Banking structure

(C) Three tier hierarchy of the Banking structure

(D) Four tier hierarchy of the Banking Structure

Question: 7

Before opening a new branch of a bank, banks are required to take mandatory permission/license from

(A) State Government

(B) Securities and Exchange Board of India

(C) Indian Bank Association

(D) Reserve Bank of India

Question: 8

Which of the following is NOT the part of the scheduled banking structure in India?

(A) Regional Rural Banks

(B) Money lenders

(C) Public Sector Banks

(D) Private Sector Banks

Question: 9

Which of the following products of a bank is specifically designed to provide financial help to children in their higher studies in India or in a foreign nation?

(A) Mortage Loan

(B) Educational Loan

(C) Corporate Loan

(D) Personal Loan

Question: 10

Bank deposits that can be withdrawn without notice are called

(A) Account payee deposits

(B) Demand deposits

(C) Variable deposits

(D) Fixed deposits