Indian Financial System & Commercial Banking Choose the correct answer from the alternatives given under

each question (a) If a person dies intestate, the person appointed by the court to take care of the property of deceased is called -----------(i) Executor (ii) Administrator (iii) Liquidator (iv) Receiver Which of the following documents require compulsory registration? (i) instrument of gift of immovable property. (ii) any transaction involving immovable property valued Rs.100/- or more. (iii) lease of immovable property for more than one year. (iv) all above. A maximum loan limit for small business enterprises to be classified as priority sector advance is ----------(i) Rs.5 lac (ii) Rs.10 lac (iii) Rs. 15 lac (iv) Rs.20 lac Which is the terminal year of Ninth Five-Year Plan of India? (i) 2001-2002 (ii) 2002-2003 (iii) 2003-2004 (iv) None of these Financial Institutions (FIs) issuing housing loans to individuals against the mortgage of residential housing properties are required to assign a risk weight of . (in addition to 2.5 per cent risk weight for market risk) (i) 40 per cent (ii) 50 per cent (iii) 60 per cent (iv) 75 per cent Recently, a committee on the functioning of RRBs has suggested to classify RRBs into four distinct categories and liquidation of the majority of category D. The Committee was headed by ---------(i) Dr. M.C. Bhandari (ii) Shri Y.C. Nanda (iii) Shri M.V.S. Chalapati Rao (iv) none of these Cross selling in retail banking means -------(i) selling products / services to an already existing customer or a non- competitive product of an insurance / housing company for a commission (ii) selling of products of other private sector banks by public sector banks (iii) selling of mutual funds of their associate / subsidiary concern (iv) selling of products through agents / dealers Non-scheduled Urban Co-operative Banks with NDTL of less than Rs.25 crore, have been asked by RBI to maintain .. per cent of SLR requirement in G-Secs. (i) 20 per cent (ii) 30 per cent (iii) 10 per cent (iv) none of these The Indian Banks Association (IBA) has recently suggested that loan applications in respect of loans upto Rs.25,000 to small borrowers should be disposed of ------(i) within one month (ii) within two weeks (iii) within one week (iv) within 15 days

(b)

(c)

(d) (e)

(f)

(g)

(h)

(i)

Special & Preferred Sector Finance Choose one of the four options in the following questions, which you consider correct (i) Which one of the policies sold by the ECGC does NOT cover the commercial risk held by the policyholder? (A) Overseas Investment Insurance (B) Construction Policy (C) Transfer Guarantee (D) All these (ii) A farmer with an operational holding of 10 acres grows bajra on 4 acres, green gram on 2 acres, maize on 3 acres and ladys finger on 1 acre in kharif. During rabi season he grows wheat on 3 acres, mustard on 3 acres and tomato on 2 acres. What is the cropping intensity on his farm during the year? (A) 100% (B) 200%) (C) 180% (D) None of these In the audit and inspection report of one Primary Co-operative Bank in Gujarat in 1995, not a single adverse remark was made regarding its agricultural lending. What could be the plausible reason for this? (A) The Bank had exceeded the targets of agricultural finance (B) There was no NPA in agricultural credit (C) Both A and B (D) None of these In respect of which one of the following credit institutions the indirect agricultural finance constitutes a larger percentage of its total lending as compared with each one of the remaining institutions given in the list? (A) LAMP (B) DCCB (C) Private Sector Commercial Bank (D) RRB For which one of the following programs the Government of India provides 100 percent grant for its implementation? (A) Drought Prone Area Programme (B) Desert Development Programme (C) Integrated wasteland Development Programme (D) All these Which one of the following crops has been covered by RKBY from the first year of its operation in India? (A) Orange (B) Onion (C) Tomato (D) All these The disbursal of money under the Buyers Credit Scheme of EXIM BANK of India is made. (A) Directly to the importer of goods (B) Only through the EXIM Bank or Central Bank of the Importers country (C) Party directly to the importer and partly through his EXIM or Central Bank (D) None of these One Commercial Bank in India gave Rs.600 crore to its RRBs by way of refinance during a particular year. How much of this amount would be treated as advances to weaker sections in the books of the sponsor Commercial Bank? (A) Rs.240 crore (B) Rs.600 crore (C) Rs 300 crore (D) Rs.90 crore

(iii)

(iv)

(v)

(vi)

(vii)

(viii)

Basic Accountancy Choose the correct answer out of the options given (a) Cost of white washing a new factory building is a -----(i) Capital Expenditure (ii) Revenue Expenditure (iii) Deferred Revenue Expenditure A credit sale transaction was wrongly entered in Purchases Journal. This is an error of -----(i) Omission (ii) Commission (iii) An intangible asset Goodwill is ----------(i) A fictitious asset (ii) A secret asset (iii) An intangible asset

(b) (c) (d)

According to the Accounting Standards Board of India, the Accounting Standards issued by them are -----------(i) Mandatory on all Accounting Procedures in India (ii) Mandatory for the Chartered Accountants of India (iii) Only Recommendatory by nature and not Mandatory on anyone Interest received in advance A/c, according to Accounting Equation Approach is ------(i) Asset Account (ii) Liability Account (iii) Revenue Account

(e)