Banking Awareness Questions & Answers – Part 6

26. Banks generally borrow funds from which of the following money markets to meet the mandatory Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) requirements as stipulated by the Central bank?
A. Notice Money Market
B. Call Money Market
C. Bill Market
D. Money Market
Answer:
B. Call Money Market

27. Which one of the following agency is a creditor’s rating agency?
A. ICRA
B. CARE
C. CRISIL
D. All of the Above
Answer:
D. All of the Above

28. The Know Your Customer (KYC) norms of opening a bank account has been relaxed for the accounts with minimum balance of
A. Rs.1,00,000/-
B. Rs.25,000/-
C. Rs.50,000/-
D. Rs.75,000/-
Answer:
C. Rs.50,000/-

29. The Bank for International Settlements (BIS) which provides the Banking supervision accords is located in which country
A. England
B. USA
C. France
D. Switzerland
Answer:
D. Switzerland

30. Which of the following is a Development Bank in India?
A. IFCI
B. IDBI
C. NHB
D. All of the Above
Answer:
D. All of the Above

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