www.ThinkITI.com

Home
MCQ
Search
Free Apps
Important
Study Groups
Contact Us
Policy

Home
MCQ
Objective Questions
GK
GK Set-1
Economics
Banking System
152

Banking System MCQ (GK Set-1) with Answers

152) The main business of banks is to accept deposits from the public. However, a bank can refuse to permit opening an account on behalf of _______:

Undesirable persons

Artificial persons

Arrested persons

Convicted persons

Answer is:

Undesirable persons

Banking System MCQ (GK Set-1) with Answers

For more MCQ's Click Here

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

153) Banks are required to monitor transactions of suspicious nature for reporting to the authorities under anti- money laundering measures. The purpose of reporting is:

Combating finance of terrorism

To check hawala transactions

To check the inflow of crime money

All the above

Answer is:

All the above

154) Acceptance of deposits by non - banking financial companies is regulated by RBI under:

Non - banking financial companies acceptance of public deposits (Revenue Bank) directions 1998

Non - banking financial companies acceptance of government deposits (Revenue Bank) directions, 1998

Non - banking financial companies acceptance of public deposits (Revenue Bank) directions, 1998

Non- banking financial companies acceptance of deposits money lenders (Revenue Bank) directions, 1998

Answer is:

Non - banking financial companies acceptance of public deposits (Revenue Bank) directions 1998

155) If a company, which is not a non - banking financial company wants to collect public deposits, it is governed by ___ Act:

RBI Act 1934

Banking companies Act

Companies Act 1956

Central Government

Answer is:

Companies Act 1956

156) Companies whose main business is not financing or lending are permitted to accept deposits under section 45(s) of RBI Act only from:

Public

Relatives in the from of loans

Friends

All of the above

Answer is:

Relatives in the from of loans

Banking System MCQ (GK Set-1) with Answers

For more MCQ's Click Here