Challenger App

No.1 PSC Learning App

1M+ Downloads
------------ is a material alteration ?
Providing safe locker facility is a function of commercial banks
Short note given by a banker to point out reasons for the dishonor of a cheque is
----------is a condition in which there is an immediate decline in the availability of loan or credit.
------is the process by which illegal funds and assets are converted into legitimate fund and assets
Endorsement warns the endorsee that the endorser is an agent with limited authority.
Usually the banker open an account in I the name of the borrower and deposit the loan amount in it. This deposit is known
RBI reduces the validity period cheque from 6 months to 3 months with effect from
SARFAESI Act does not apply to loa debts below % of the loan given
If Customer of a bank could not balance to traced, the banker usually transfers the account and close the account.
If Customer of a bank could not b balance to traced, the banker usually transfers the account and close the account.
Fixed deposits receipt is ----------by endorsement.
CIBIL stands for
The nationalized bank with Punjab National Bank in 1993.
Two or more separate banks comes under a single management is known as
Public sector banks introduced the scheme of Differential Rate of Interest in the year
------banking is known as "Operation for the masses rather than for the classes
Lead bank scheme introduced by
Which part of the BR Act is applicable to Co-operative Banks?
Restructuring of loan will be a necessity in the point of view.
The Reserve Bank of India Bill was passed by the Legislative Assembly in:
Dr. Man Mohan Singh was appointed as the Governor of RBI in:
What is the parameter of L CAMELS?
International Monetary Funds currency is
A major drawback of the Maximum Fiduciary System is:
The Maximum Fiduciary System was introduced in:
Which system fixes the maximum number of notes that can be issued by the government?
In the Fixed Fiduciary System, RBI can issue currency without gold backing up to:
The Fixed Fiduciary (Partial Fiduciary) System was first introduced in:
Under the Proportional Reserve System in India, what percentage of notes was backed by gold and foreign assets?
The Proportional Reserve System requires that:
Under India’s practice, RBI initially followed which system till 1956?
Which principle provides elasticity in money supply?
The Banking Principle allows note issue against:
A major drawback of the Currency Principle is that it:
The Currency Principle states that:
Eligible bills of exchange and promissory notes held as reserves must be payable in
Maintains reserves for currency issue in all of the following EXCEPT
Which of the following is NOT a permissible reserve asset under Section 33 of the RBI Act?
The reserve requirements for note issue are laid down under which section of the RBI Act?
Which department of RBI is responsible for printing and issuing currency notes?
The legal basis of RBI’s authority to issue currency notes is provided under:
Which function ensures stability of Indian currency?
Controlling inflation in the economy is mainly achieved through:
Payment of interest on public debt is handled by RBI as:
Repo rate and bank rate are tools used by RBI under:
Commercial banks keep a part of their reserves with RBI due to its role as:
Which function of RBI makes it the “bank of banks”?
RBI acts as a banker to the government by:
Which monetary function of RBI relates to printing and issuing currency notes?