Bank’s Promotion Exam – Question Set – RBI BR NI Acts- Part 2

Bank’s Promotion Exam – Question Set – RBI BR NI Acts- Part 2

We are giving you Part 2 of RBI BR & NI Acts.

Friends, when we study some topic and didn’t revise it, we forget them in a day or two. To memorize the concept, repeated revision of topic is necessary.

This free question paper set has been made keeping in mind to make you remember important points about a topic which can be asked in upcoming promotion exam. I would suggest to utilize this free question paper set in following way.

  1. After studying the topic, go through the questions and attempt it.
  2. If you are not knowing the answer, guess it and right option will be shown instantly with green background.
  3. This way you will know right answer instantly.
  4. Go through whole question bank of almost 50 questions and see your result.
  5. Don’t be de-motivated if score is less for the first time.
  6. Positive thing is that you have covered 50 important points about the topic.
  7. Attempt for the 2nd time and see the difference.
  8. And in 3rd attempt, you will be in position to score more than 95% and you will have good grasp of the topic.

Best Wishes…

Results

#1. ___________ of BR Act 1949 deals with disposal of non-banking assets.

#2. ___________ of BR Act 1949 deals with prohibition of trading.

#3. As per Sec-11 of BR Act 1949 what is the minimum Paid up Capital and Reserve requirement for Domestic Banks

#4. As per Sec-11 of BR Act 1949 what is the minimum Paid up Capital and Reserve requirement for Foreign Banks(except Mumbai or Kolkata)?

#5. As per Sec-11 of BR Act 1949 what is the minimum Paid up Capital and Reserve requirement for Foreign Banks which has business in Mumbai or Kolkata or in both the city?

#6. Sec-17 of BR Act 1949 deals with __________.

#7. Sec-18 of BR Act 1949 deals with __________.

#8. Sec-25 of BR Act 1949 deals with __________.

#9. Sec-30 of BR Act 1949 deals with __________.

#10. Which of the following section of BR Act 1949 deals with licensing of Banking companies?

#11. Which of the following section of BR Act 1949 deals with restriction on opening of new branch and transfer of existing place of business?

#12. Which of the following section of BR Act 1949 empowers RBI to undertak inspection of any Bank?

#13. Which of the following section of BR Act 1949 gives power to RBI to issue direction to the banks in public interest or in the interest of banking policy so that banking is not conducted in a manner that is detrimental to the interest of the depositgors and also secures proper management of banking company?

#14. Which of the following section of BR Act 1949 prescribes that Balance sheet and profit & loss account must be prepared as on last working day of March every year in the format given in schedule-III of the Act?

#15. ___________ of BR Act 1949 deals with return of paid instruments to the customer.

#16. Which of the following section of BR Act 1949 deals with Amalgamation of Banking Companies?

#17. Sec-45(Y) of BR Act 1949 deals with ____________.

#18. Which section of BR Act 1949 deals with nomination in Deposit accounts?

#19. Which section of BR Act 1949 deals with nomination in Safe Custody accounts?

#20. Which section of BR Act 1949 deals with nomination in Locker accounts?

#21. As per which section of BR Act 1949. Rate of interest charged by banks shall not be reopened by any court on the ground that the rate of interest charged by banks is excessive?

#22. ___________ of BR Act 1949 deals with claim by nominee in Deposit accounts.

#23. ___________ of BR Act 1949 deals with claim by nominee in Safe Custody accounts.

#24. ___________ of BR Act 1949 deals with claim by nominee in Locker accounts.

#25. No Banking company can hold shares in another company whether as pledgee mortgagee or absolute owner of an amount exceeding 30% paid up capital of that company or 30 % of its own paid up capital and reserves whichever is lower. The said provision are contained in______________.

#26. ___________ of BR Act 1949 deals with restriction on payment of Dividend.

#27. Drawing accepting making or issuing of any promissory note hundi or bill of exchange expressed to be payable to bearer on demand by a person other than the Reserve Bank of India or the Central Government is prohibited under

#28. Which of the following is the sole authority for issue of currency in India?

#29. One rupee notes and coins are issued by________.

#30. The opening of branches by banks is governed by the provisions of_____________.

#31. Bank rate means

#32. Which of the following do not fall within the functions of the Reserve Bank of India?

#33. Which section of Banking Regulation Act 1949 gives power to Reserve Bank to impose penalty?

#34. Which of the following falls under Section 11 of Banking Regulation Act 1949?

#35. Which section of Banking Regulation Act 1949 gives power to Central Government to make rules?

#36. Which section of Banking Regulation Act 1949 gives power to Reserve Bank to appoint chairman of the Board of directors appointed on a whole-time basis or a managing director of a banking company?

#37. Under which section of Banking Regulation Act 1949 banks are prohibited from opening a new branch without Reserve Bank of India’s approval?

#38. Under which section of Banking Regulation Act 1949 special provisions for Private Banking Companies directed?

#39. Which of the following section of Banking Regulation Act 1949 directs licensing of banking companies?

#40. Which section of Banking Regulation Act defines that no person other than a bank is authorized to accept deposits withdraw able by cheque?

#41. Procedure for amalgamation of banking companies is defined under section ____ of Banking Regulation Act 1949

#42. The law relating to negotiable instruments in India is contained in_________.

#43. How many sections are there in Negotiable Instruments Act 1881?

#44. A cheque has been defined under Sec________________.

#45. Which of the following is not a negotiable Instrument as per N.I. Act 1881?

#46. Which Section of N.I. Act 1881 defines a Negotiable Instruments?

#47. Which Section of N.I. Act 1881 defines a Promissory note?

#48. Which Section of N.I. Act 1881 defines a Bill of Exchange?

#49. Which Section of N.I. Act 1881 defines a Cheque?

#50. Which of the following is not a negotiable Instrument as per N.I. Act 1881?

Finish

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