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GK
GK Set-1
Economics
Banking System
116

Banking System MCQ (GK Set-1) with Answers

116) Rural Infrastructure Development Fund (RIDF) is financed by:

Selected group of Public Sector Banks

Ministry of Rural Development

Reserve Bank of India

NABARD

Answer is:

NABARD

Banking System MCQ (GK Set-1) with Answers

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Related Banking System MCQ (GK Set-1) with Answers

117) Which of the following is not included in ’CAMELS’:

Capital Adequacy and Asset Quality

Management and Earing Performance

Employees Performance

Liquidity and Systems

Answer is:

Employees Performance

118) The term ’Merchant Banking’ connotes

Services rendered by banks for merchants and traders capital requirements to merchants covered under DICGC Guarantee Scheme

Telegraphic transfers effected by merchants

catering to the needs of corporate customers raising finance

All of the above

Answer is:

catering to the needs of corporate customers raising finance

119) RBI grants ’in-principle’ approval to Reliance Industries Limited to set up Payments Banks in the country. To which among the following RIL has partnered with for Payment Bank Licence?

LIC

SBI

Bajaj Capital

Apollo Munich

Answer is:

SBI

120) National Electronic Funds Transfer (NEFT) is a nationwide payment system facilitating one-to-one funds transfer. What is the limit on the amount that could be transferred using NEFT?

Rs. 2 lakh

Rs. 5 lakh

Rs. 10 lakh

No limit

Answer is:

No limit

Banking System MCQ (GK Set-1) with Answers

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