Banking System MCQ (GK Set-1) with Answers

136) ATM cards are issued to a person who maintains any of following accounts with the bank

Answer is:

Both (a) and (b)

137) The Basic Committee has defined capital in two Tiers (Tier-I and Tier-II). Tier-I capital is known as

Answer is:

Core capital

138) Tier-II capital consists of

Answer is:

All of the above

Explanation:

Tier-II capital consists of
* undisclosed reserves and cumulative perpetual preference shares
* general provisions, loss reserves and revaluation reserves
* subordinated debt, hybrid debt capital instruments

139) Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable property except for its own use for a period of not more property. The RBI may extend this period for a further period of ______:

Answer is:

5 years

140) Which of the following stock exchange is derecognized by SEBI on 19.11.2014 on the allegations of serious irregularities in its functioning?

Answer is:

136) ATM cards are issued to a person who maintains any of following accounts with the bank

Both (a) and (b)

137) The Basic Committee has defined capital in two Tiers (Tier-I and Tier-II). Tier-I capital is known as

Core capital

138) Tier-II capital consists of

All of the above

139) Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable property except for its own use for a period of not more property. The RBI may extend this period for a further period of ______:

5 years

140) Which of the following stock exchange is derecognized by SEBI on 19.11.2014 on the allegations of serious irregularities in its functioning?

Delhi Stock Exchange