5:13 AM Wed 10 Jan . . . . LTE @ 91% Yahoo Mail| 3 Best Amapiano X Dashboard X Course Hero X *45990675 2,73 X Make and recei X Pay As You Go, X D CampusERP X + col.dpuerpin 0 76 . .. 4 The Commercial Banks in India are governed by: O Reserve Bank of India Act, 1934 Indian Companies Act, 1956 Indian Banking Regulation Act, 1949 Securities and Exchange Board of India Act, 1993 5 What was the State Bank of India called before it was created through SBI Act? Bank of Hindustan Bank of Madras Imperial Bank of India O Imperial Bank of Calcutta 6 Which of these is a money market instrument? Bond Debenture Stock certificate O Certificate of deposit 7 In which type of market securities with less than one-year maturity are traded, are classified as money market capital market transaction market O global market 8 In which year was The Banking Regulation Act passed in India? O 1947 1935 1949 1965 Submit Assignments Cancel vas nation5:14 AM Wed 10 Jan . . . . LTE @ 90% col.dpuerpin 9 Imperial Bank of India was nationalized in which year? 1945 1955 1949 1965 10 Which of the following activity is not permissible for NBFC? O loans and advances acquisition of shares insurance business O construction of immovable property 11 Non- Banking Financial Companies are engaged in activities of : O Hire purchase Agriculture Industry Sale and Purchase of immovable property Lease 12 Open Market Operations means: Sale of agricultural products in the government regulated Mandis. Sale and purchase of bonds and securities to the commercial banks by the RBI. Sale and purchase of bonds and securities by the RBI to the government. O Sale and purchase of bonds and securities by the commercial banks to the customers. 13 Which of the following section of Banking Regulation Act, 1949 deals with licensing of banking companies? Section 18 Section 21 O Section 22 Section 23 14 Central bank has monopoly in: Commercial banking functions Submit Assignments Cancel y5:14 AM Wed 10 Jan ull LTE @ 90% @) col.dpuerp.in L i Central bank has monopoly in: (O Commercial banking functions (O lIssue of currency (O providing loans and advances (O custody of reserves E Who has been given the power under the Banking Regulation Act 1949 to grant license to banks? O RBI () State Government () Central Government () Ministry of finance E The services rendered by a banker as an agent of his customers are called: (O Principal services (O Agency services (O General utility services (O Social services n Which agency regulates and supervises NBFCs? () Finance Ministry O SEBI O RBI () Commerce Ministry E In order to protect the interests of investors and regulate the working of stock exchanges, the Government in 1988 set up the: O SEBI O sipBI O RBI (O Bank of India E India is a member of the International Monetary Fund since : () 1934 Submit Assignments 5:15 AM Wed 10 Jan . . . . LTE @ 90% col.dpuerpin 19 India is a member of the International Monetary Fund since 1934 1935 1945 1949 20 The unorganized financial system includes Commercial Banks O Merchant Banks O Indigenous Banks Private Banks 21 The organized financial system includes Commercial Banks Indigenous banks Foreign banks Indian Banks 22 All banks registered under the are considered co-operative banks. O Banking Regulation Act 1949 The Bankers' Books Evidence Act-1891 Cooperative Societies Act, 1912 O Companies Act 1956 23 The Urban Credit Cooperatives are also commonly known as O Urban Cooperative Banks Cooperative Banks National Banks Private banks 24 Facility of E-banking is provided through Telephone Submit Assignments Cancel5:15 AM Wed 10 Jan .. . . LTE @ 90% col.dpuerpin 24 Facility of E-banking is provided through Telephone Debit cards Internet Credit cards 25 LIC is primarily a money market intermediary. True False 26 A commercial bank's business model relies on receiving a higher interest rate on the loans (or other assets) than the rate it pays out on its deposits (or other liabilities True O False 27 There is no difference between primary deposit and secondary deposit of a commercial bank. O True O False 28 Commercial banks are the backbone of modern economy. True O False 29 The primary co-operative credit society is an alliance of borrowers and non-borrowers living in a particular location. O True False 30 Credit money is created by the central bank of a country. O True False Submit Assignments Cance5:16 AM Wed 10 Jan LI ul LTE @ 90% (@ col.dpuerp.in Credit money is created by the central bank of a country. O True O False Assignment: 2 Instructions: Assignment 2 is based on the following text/paragraph of case study/situational exercise etc. You first need to read this text and then answer the following MCMR i.e. Multiple choice multiple response questions. Number of Questions: 5 Each question carries 2 Mark All Five Questions are Mandatory. Attempts: 1 Activities of the commercial banks in India are expanding at a rapid space during the period after Independence. There is territorial as well as functional. Expansion of the activities of the bank. Banks which are conservative and conventionalin their approach have come out from their shell and face the challenges of planned economic growth. In recent years non-conventional sectors are receiving the attention of commercial banks in India. A better understanding of the implications of financing nonconventional sector by commercial banks is possible only if one looks back the position of commercial banks during the pre-nationalization era. Banking in India before nationalization. Commercial Banks are is the institutions that ordinarily accept deposits from the people and advances loans. Commercial Banks also create in India; such banks alone are called Commercial Banks which have been established in accordance with the provisions of the Banking Regulation Act, 1949. Commercial Banks may be Scheduled Banks of Non-scheduled Banks. Banking Regulation Act, (BR Act), 1949. According to Section 5(c) of the BR Act, 'a banking company is a company which transacts the business of banking in India. According to Reserve Banks of India Act 1934, 'A Scheduled Bank is that bank which has been included in the second schedule of the Reserve Bank'The commercial banks serve as the king pin of the financial system of the country. They render many valuable services. Commercial banks provide banking services to businesses and consumers through a network of branches. These banks are in business to make a profit for their owners and they are usually public limited companies managed by shareholders. In India, however, most of the top commercial banks are owned by the government. But many private commercial banks have been established in the recent years. Commercial banks are all-purpose banks that perform a wider range of functions such as accepting demand deposits, issuing cheques against saving and fixed deposits, making short-term business and consumer loans, providing brokerage services, buying and selling foreign exchange and so on. Which of these is not a commercial bank of India? (T)state Bank of India (T)Reserve Bank of India (D)Unit Trust of India Eousing Finance Development Corporation Limited Which of the following deposits are not accepted by commercial banks? (CJFixed deposit emand Deposit Submit Assignments 5:16 AM Wed 10 Jan . . . " LTE @ 90% col.dpuerpin the government. But many private commercial banks have been established in the recent years. Commercial banks are all-purpose banks that perform a wider range of functions such as accepting demand deposits, issuing cheques against saving and fixed deposits, making short-term business and consumer loans, providing brokerage services, buying and selling foreign exchange and so on. Which of these is not a commercial bank of India? OState Bank of India OReserve Bank of India Unit Trust of India Housing Finance Development Corporation Limited 3 Which of the following deposits are not accepted by commercial banks? OFixed deposit Demand Deposit Public account deposit Asset deposit Which of the following are types of Commercial banks: OForeign banks ORegional Rural Banks (RRB) Insurance Companies Reserve Bank of India 5 Identify the role of Commercial Banks from the following: Encouraging Thrift and saving Allocation of funds among different sectors, users and producers Issuing currency and distribution of currency Help the company in issue of IPO 6 Find two correct statements from the following: commercial Banks may be Scheduled Banks or Non-scheduled Banks. OBanking regulation act passed in 1953. Omost of the top commercial banks are owned by the public. According to Reserve Banks of India Act 1934; A Scheduled Bank is that bank which has been included in the second schedule of the Reserve Bank' Submit Subjective MCQ Assignments Dev Submit Assignments Cancel Development Cell5:12 AM Wed 10 Jan . . . " LTE @ 91% col.dpuerpin Campusinr Mankishi Redson Assignments OMBF302_FI&B Assignment Submission Last Date Time: Jan 10 2024 11:59PM Student Assignment: 1 Dashboard Instructions: My Profile . Number of Questions: 30 Maximum Marks: 30 G E-Resources . Each question carries 1 Mark. . All questions are compulsory. My Courses Attempts: 1 Online Assignments SCBs stand for Holiday List State Cooperative Banks State Credit Banks Student ID Card O Social Cooperative Board Society for Cooperative Business User Manuals Sign Out 2 "LIC Housing Finance" is an example: O Development Bank O NBFC Cooperative banks O Commercial Banks 3 Which is called the lender of last resort? Cooperative Banks O RBI O SBI O IDBI 4 The Commercial Banks in India are governed by: O Reserve Bank of India Act, 1934 Indian Companies Act, 1956 Indian Banking Regulation Act, 1949 Securities and Exchange Board of India Act, 1993 Submit Assignments Cancel