MEDIUM
Earn 100

Why is the offering of 'teaser loans' by commercial banks a cause of economic concern?
1. The teaser loans are considered to be an aspect of sub-prime lending and banks may be exposed to the risk of defaulters in future.
2. In India, the teaser loans are mostly given to inexperienced entrepreneurs to set up manufacturing or export units.
Which of the statements given above is/are correct?

50% studentsanswered this correctly

Important Questions on Indian Economy

EASY
General Awareness>Economy>Indian Economy>Money and Banking
Which section of the RBI Act empowers the Central Government to supersede the RBI board and issue directions considered to be "necessary in the public interest to the RBI, after consulting the Governor of the bank?
EASY
General Awareness>Economy>Indian Economy>Money and Banking
Merchant discount rate refers to _____.
EASY
General Awareness>Economy>Indian Economy>Money and Banking
The amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda (BoB) came into effect from_____.
EASY
General Awareness>Economy>Indian Economy>Money and Banking
In which year was the Reserve Bank of India established?
EASY
General Awareness>Economy>Indian Economy>Money and Banking
For Commercial Banks lending the 'Priority Sector' denotes:
EASY
General Awareness>Economy>Indian Economy>Money and Banking
The Imperial Bank of India was renamed as ________ in 1955.
EASY
General Awareness>Economy>Indian Economy>Money and Banking
In which year was NABARD established?
MEDIUM
General Awareness>Economy>Indian Economy>Money and Banking
In January 2019, the Union Cabinet headed by Prime Minister Narendra Modi approved a capital infusion of ₹ _____ in state-owned Export-Import Bank of India (EXIM Bank) to expand its business.
EASY
General Awareness>Economy>Indian Economy>Money and Banking
India's legitimate currency is _____.
EASY
General Awareness>Economy>Indian Economy>Money and Banking
Which of the following is NOT a nationalised bank?
EASY
General Awareness>Economy>Indian Economy>Money and Banking
In October 2019, RBI gave its approval to the Government of ______ to create a new bank by amalgamating the District Co-operative banks (DCBs) with its State Co-operative Bank.
EASY
General Awareness>Economy>Indian Economy>Money and Banking
On 2nd January, 2018, Parliament passed NABARD (Amendment) Bill, 2017 which provides that Union Government alone must hold atleast how much capital share of NABARD? 
EASY
General Awareness>Economy>Indian Economy>Money and Banking
‘The Name you can Bank Upon’ is the slogan of which of the following banks?
EASY
General Awareness>Economy>Indian Economy>Money and Banking
Which of the following banks is NOT a public sector bank?
MEDIUM
General Awareness>Economy>Indian Economy>Money and Banking
Which of the following statements is NOT true about the Export-Import Bank of India (EXIM Bank)?
EASY
General Awareness>Economy>Indian Economy>Money and Banking
Which of the following is not a Nationalized bank?
MEDIUM
General Awareness>Economy>Indian Economy>Money and Banking
Where is the head office of Vijaya Bank situated?
MEDIUM
General Awareness>Economy>Indian Economy>Money and Banking
G. BabitaRayudu took charge as an Executive Director for which of the following organizations in January2020?
EASY
General Awareness>Economy>Indian Economy>Money and Banking
On 2 January 2018 Parliament passed NABARD (Amendment) Bill, 2017, which seeks to transfer share capital held by _____ to the Union Government.
EASY
General Awareness>Economy>Indian Economy>Money and Banking

For how many months is a cheque valid from the date of issue?

1. 1 month
2. 2 months
3. 3 months
4. 6 months