Banking General Awareness- Development Banks Set 1

1.

By virtue of the amendment carried out by the Regional Rural Bank (Amendment) Act/1987, the Chairman of a Regional Rural Bank (RRB) is to be appointed by

Central Government State Government Sponsor bank in consultation with NABARD Reserve of Bank of India None of these

2.

Which of the following conditions are required to be fulfilled by a Regional Rural Bank (RRB) to be eligible for opening of new branches?

It should not have defaulted in maintenance of SLR and CRR during the last 2 years It should be making operational profits Its net worth should show improvement and its net NPA ratio should not exceed 8% Both [a] and [b] All of the above

3.

Which of the following is not a recommendation of the Narasimham Committee, 1991?

Reduction of CRR and SLR Phasing out directed Credit Programme Reduction of capital adequacy ratio Establishment of ARP fund Autonomy to public sector bank

4.

With a view to enlarge resources available to RRBs for a variety of purposes, especially in the context of programme of financial inclusion, general credit card etc. Reserve Bank advised that

Sponsor banks should provide them lines of credit at a reasonable rate of interest RRBs may borrow from/or place funds with other RRBs, including those sponsored by other banks, subject to counter party Credit Risk Policy and limits RRBs may enter into ready forward transactions in government securities with Subsidiary General Ledger (SGL), Constituent Subsidiary General Ledger (CSGL) account holders Both [b] and [c] All of the above

5.

Which of the following measures have been taken to enlarge resources available to RRBs?

Lines of credit at a reasonable rate of interest from sponsor banks Access to inter-RRB term money/ borrowings Access to repo/CBLO markets All of the above None of these

6.

Which of the following statements about Regional Rural Banks (RRBs) are correct?

Sponsor banks travellers cheques can be issued by RRBs RRBs can enter into arrangements with the sponsor banks for providing remittance facilities to its customers Where RRBs can afford the investment, they can install lockers also Both [a] and [b] All of the above

7.

Reserve Bank has permitted RRBs for opening/maintaining non-residents (ordinary/external) accounts in rupees and for acceptance of FCNR (2) deposits subjects to the condition that

the bank should have a positive net worth and earned net profit during the preceding year the bank should not have defaulted in maintenance of CRR/SLR requirements on more than three occasions during the preceding 2 years. net NPA level of the bank should not exceed 5% of the outstanding advances as on 31st March of the preceding year Both [b] and [c] All of these

8.

Out of total priority sector advances of RRBs, atleast ...... should be advanced to weaker sections.

0% 0% 0% 0% 1%

9.

The Regulatory Authority for Regional Rural Banks is

Sponsor Bank Central Government State Government RBI and NABARD All of the above

10.

The main resources of RRBs are

share capital deposit from the public borrowing from sponsor banks refinance from NABARD All of the above

Banking General Awareness- Development Banks Set 1

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Banking General Awareness- Development Banks Set 1

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