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Quiz on Section 17, created by kumar nikhil on 19/08/2017.

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Section 17

Question 1 of 15

1

How much intresrt RBI will pay on money deposited by central government

Select one of the following:

  • no interest

  • bank rate

  • base rate

  • repo rate

Explanation

Question 2 of 15

1

Bank can rediscount bills of exchange arising out of export of goods from India within?

Select one of the following:

  • 180 days

  • 90 days

  • 360 days

  • fifteen months

Explanation

Question 3 of 15

1

Bank can rediscount bills of exchange arising out of agriculture operations with in

Select one of the following:

  • fifteen months

  • 180 days

  • 90 days

  • 360 days

  • none of these

Explanation

Question 4 of 15

1

out of the two good signatures required in discounting of bills relating to cottage and small industries, one must be from?

Select one of the following:

  • Scheduled commercial bank

  • state cooperative bank

  • state cooperative bank or state financial corporation

  • state cooperative bank or state financial corporation or any financial institution

Explanation

Question 5 of 15

1

discounting of bills relating to cottage and small industries should be guaranteed by state government?

Select one of the following:

  • True

  • False

  • State government as well as one RRB

  • instead should be GUARANTEED BY central government

Explanation

Question 6 of 15

1

in case of bill of exchange drawn drawn for the purpose of holding or trading in g-sec and gov-sec , maturity shall be with in

Select one of the following:

  • 90 days

  • 180 days

  • 360 days

  • 1 year

Explanation

Question 7 of 15

1

loan given by Bank to any SCB or state co-operative bank against financing of agricultural operations, shall be repayable on expiry of fixed periods not exceeding

Select one of the following:

  • 180 days

  • 15 months

  • 12 months

  • 1 year

Explanation

Question 8 of 15

1

loan given to state financial corporations by Bank shall be repayable on the expiry of fixed periods not exceeding

Select one of the following:

  • 18 months

  • 15 months

  • 12 months

  • 9 months

Explanation

Question 9 of 15

1

loans made to state financial corporation shall not exceed

Select one of the following:

  • twice the paid up capital

  • equivalent to paid up capital

  • thrice the paid up capital

  • none of these

Explanation

Question 10 of 15

1

loans made to Industrial finance corporation shall be guaranteed by

Select one of the following:

  • central gov

  • state gov

  • either central or state gov

  • none of these

Explanation

Question 11 of 15

1

loans made to financial institution notified by central gov shall not exceed

Select one of the following:

  • 60% of share capital

  • 80% of share capital

  • 500% of share capital

  • 40% of share capital

Explanation

Question 12 of 15

1

loans to central warehousing and state warehousing shall not exceed respectively

Select one of the following:

  • 3 crore and fifty lakh

  • fifty lakh and 3 crore

  • fifty lakh for both

  • 3 crore for both

Explanation

Question 13 of 15

1

Loan making to dicgc and NHB determined by

Select one of the following:

  • central board

  • central gov

  • state gov

  • None

Explanation

Question 14 of 15

1

RBI can borrow money from other SCB for a period not more than

Select one of the following:

  • 15 days

  • 1 month

  • 3 month

  • 6 months

Explanation

Question 15 of 15

1

maximum amount that Bank can borrow

Select one of the following:

  • equal to capital of bank

  • twice the capital of bank

  • thrice the capital of bank

  • none of these

Explanation

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