Banking and Finance

Q 21. Debit card means

(A) Pay later
(B) Pay now
(C) Both of these
(D) None of these
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Q 22. ECS refers to ……………

(A) Easy Cash Service
(B) Electronic Clearing Service
(C) Electronic cash service
(D) Easy Clearing Service
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Q 23. CDM refers to ………….

(A) Cash Deposit Machine
(B) Credit Development Method
(C) Cash Development Method
(D) Cash Development Machine
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Q 24. Which bank was introduced first ATM machine in India?

(A) RBI
(B) HSBC
(C) PNB
(D) ICICI bank
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Q 25. EFT stands for……..

(A) Electronic Fund Transmission
(B) Electronic Fund Transfer
(C) Electronic Feature Transfer
(D) None of these
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Q 26. The RBI is totally autonomous and independent of the government.

(A) True
(B) False
(C) all
(D) none
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Q 27. RBI’s monetary policy has to sub serve the national, economic & social objectives

(A) True
(B) False
(C) all
(D) none
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Q 28. The RBI was established as a private shareholders bank

(A) True
(B) False
(C) all
(D) none
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Q 29. Globalization has increased the role of central bank.

(A) True
(B) False
(C) all
(D) none
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Q 30. Transparency improves accountability of CB.

(A) True
(B) False
(C) all
(D) none
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