Indian Economy - Mock Test 5

Question 41

Which one of the following statements correctly describes the meaning of legal tender money

A) The money which is tendered in courts of low to defray the fee legal cases B) The money which a creditor is under compulsion to accept in settlement of his claims C) The metallic money in circulation in a country D) None of these

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Question 42

Net balance maintained in current account by co-operative banks with …. Are not treated as cast for the purpose of CRR/SLR?

A) SBI B) IDBI Bank Ltd C) Canara Bank D) All of the above

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Question 43

Primary (Urban)Co-operative Banks is required to classify an asset as non performing if the interest and /or installment of principal remain overdue for a period of more than?

A) 90 days B) 180 days C) 360 days D) 270 days

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Question 44

The common features of all the agricultural credit societies in the country is that?

A) the persons living in cities and town are their members B) the agriculturists are their members C) only small and marginal farmer are their members D) all of the above

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Question 45

A central co-operative bank is generally headquartered at?

A) an important town of the district B) state capital C) same place which is the headquartered of the district D) the place where from the central govt. is run

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Question 46

The primary function of a Central Co-operative banks is to?

A) mobilize the resource in the district for financing its members to the maximum extent possible B) to channelize the flow of funds from the state co-operative banks C) Both of these D) None of these

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Question 47

Co-operative Banks in India have a?

A) two tier system B) three tier system C) four tier system D) five tier system

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Question 48

Co-operative banks in India do not finance rural areas under?

A) Farming B) Cattle C) Milk D) Small scale units

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Question 49

Co-operative Development Banks was set up by?

A) NABARD B) RBI C) SBI D) Central Govt

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Question 50

Co-operative Banks in India are registered under?

A) Banking Laws ( Co-operative Societies )Act.1965 B) Banking Regulation Act,1949 C) Companies Act,1956 D) None of these

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