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

(a) Savings Bank Accounts

(b) Current Accounts

Term Deposits

Both (a) and (b)

Answer is:

Both (a) and (b)

Banking System MCQ (GK Set-1) with Answers

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

Net capital

Gross capital

Working capital

Core capital

Answer is:

Core capital

138) 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

All of the above

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 ______:

2 years

4 years

5 years

6 years

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?

Bombay Stock Exchange

Delhi Stock Exchange

Calcutta Stock Exchange

Bangalore Stock Exchange

Answer is:

Delhi Stock Exchange

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