Practice Banking System in India Questions and Answers

• What is the value of per unit of inventory if the firm uses absorption costing? Direct material cost per unit = Rs.3 Direct Labour cost per unit = Rs.4 ...
• Which of the following is a modern technique of managerial accounting?
• Under the _________ method, the semi variable costs are not classified into fixed and variable costs.
• A company incurred direct material costs of Rs.100,000, direct labour cost of Rs.68,000, variable overheads of Rs.24,000 and fixed overheads of Rs.1,50,000...
• Which of the following is not a feature of the cellular manufacturing?
•   The amount payable on application on every security shall not be less than how much of the nominal amount of the security?
• Where an application is made by the transferor alone and relates to partly paid shares, the transfer shall not be registered, unless the company gives the ...
• The unpaid or unclaimed dividend lying in the Unpaid Dividend Account has to be transferred to the IEPF after how what period?
• An independent director can be appointed for a tenure up to ________
• What is the minimum number of members required to form an Audit committee of the Board?
• The president of the NCLT and the chairperson and Judicial members of the NCLAT are appointed in consultation with whom?
• Which of the following is not-non planned expenditure?
• What is monetary base?
• Calculate NNPfc from GNPmp = 5069, Consumption of fixed capital = 626, indirect tax = 475, subsidies = 49
• Which of the following statements is incorrect regarding Phillips’s curve?
• Which of the following statements is correct if the demand function is D = 18-3P?
• The theory dealing with fiscal ______ is where the federal is trying to align government expenditure with government revenue.
• Which the following is not the reason for demand pull inflation?
• A substandard asset is such that it has remained in the NPA status for a period of less than or equal to ____________ .
• As per Recovery of Debts due to Banks and Financial Institutions Act 1993, any case referred to the Debt Recovery Tribunal should be settled within _______...
• The Asset Reconstruction Companies (ARCs) in India are established as per the provision of which among the following?
• ____________ of the Negotiable Instrument Act 1881 deals with the dishonor of cheques and the consequences, thereon.
• A stale is cheque is such that it is presented after ____________ from the date of its issue, at the bank.
• In the banking parlance, CTS stands for –
• The committee that recommended setting up Small Finance Banks in India was headed by –
• The headquarters of the European Investment Bank are situated in –
• With reference to the NBFCs, consider the following statements: 1. It is a company registered under the Companies Act, 1956 2. NBFC cannot accept demand ...
• Which one of the following statements is true Cooperative Banking?
• FIFP is the new online single point interface of the Government of India for investors to facilitate Foreign Direct Investment, what is the full form of FI...
• Which of the following is an alphanumeric code that facilitates electronic funds transfer in India?
• As per the current FDI policy, the foreign shareholding in private sector banks is allowed up to?
• Which of the following central bank is not the members of the Asian Clearing Union?
• In which of the following facility the borrower can take money out as needed until the limit is reached, and as money is repaid, it can be borrowed again?
• Which of the following gives the recommendations to the government on top-level appointments like full-time Directors, non-Executive Chairman in Public Sec...
• Which of the following system enabling the citizens of the country to utilize any ATM of a connected bank?
• The regional offices of Securities and Exchange Board of India (SEBI) is not located in which one of the following locations?
• Which specific institutions in India does not qualify as Market Infrastructure Institutions?
• What is the maximum time period given to the states to repay the Ways and Means Advances extended to them by the RBI?
• Which among the following is/are NOT covered under the insurance cover issued by the Deposit Insurance and Credit Guarantee Corporation (DICGC)?
• What is the maximum amount that can be borrowed by banks under the Marginal Standing Facility (MSF) route?