Banking AFCAT Questions

AFCAT Indian Economy

Banking MCQ Questions


13.
Regional Rural Banks were established under the provisions of an Ordinance promulgated on the 26th _____ 1975 and the RRB Act, 1976
A.
July
B.
August
C.
September
D.
October
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ANSWER :
C. September
14.
RRBs are jointly owned by
A.
Gol
B.
The concerned State Government
C.
Sponsor Banks
D.
All the above
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ANSWER :
D. All the above
15.
From the previous question, the issued capital of a RRB is shared by the owners in the proportion of 50%, _____% and 35% respectively
A.
15
B.
16
C.
17
D.
18
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ANSWER :
A. 15
16.
_____ is a financial entity which belongs to its members, who are at the same time the owners and the customers of their bank.
A.
Public sector banks
B.
Private banks
C.
Foreign banks
D.
Co-operative banks
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ANSWER :
D. Co-operative banks
17.
_____ were provided greater autonomy to function in a competitive environment and frame independent policies based on broad framework provided by RBI.
A.
Public sector banks
B.
Private banks
C.
Foreign banks
D.
Co-operative banks
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ANSWER :
A. Public sector banks
18.
According to the banking, BPLR stands for
A.
Banking Prime Lending Rate
B.
Benchmarked Payment Lending Rate
C.
Benchmarked Prime Lending Rate
D.
Banking Payment Lending Rate
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ANSWER :
C. Benchmarked Prime Lending Rate