IBPS Clerk RBI Act & BR Act — practice questions
53 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice IBPS Clerk RBI Act & BR Act in the app →CRR is maintained by banks under which provision?SLR is maintained by banks under which provision?Under Section 31 of the RBI Act, who may issue a promissory note payable to bearer on demand?Nomination facility for deposit and locker accounts is provided under which sections of the BR Act?These Directions are issued under which Act?The Banking Regulation Act was enacted in the year:Commercial banks are defined under which section of the BR Act?Which of these is excluded from the definition of a commercial bank?The Bank Rate is published under which Act?The Reserve Bank of India Act dates from:The Bank Rate is published under which section of the RBI Act?Which Act amended sections 45ZA, 45ZC and 45ZE of the BR Act?The Banking Companies Nomination Rules came into force on:Nomination in deposit accounts follows sections 45ZA, 45ZB and:Nomination for safe deposit lockers follows sections 45ZC to:An account kept for a proprietorship business is deemed to be:At account opening, a bank must inform the customer about:A customer declining nomination must give the bank a written:If the customer will not sign that declaration, the bank must:Can an account be denied only because nomination was refused?In a simultaneous nomination, a nominee's death makes ineffective the:Acknowledgement of a nomination form must be given within:A rejected nomination request must be answered in writing within:A passbook of an account with a nominee carries which legend?Besides the legend, the passbook must also show the:Which scheme is outside these settlement of claims directions?Paying a nominee on the depositor's death is treated as a valid:Payment on a nomination made under some other law gives the bank:A request to transfer an account to another branch must be acted on:Which section lists the business the Reserve Bank may transact?Which section lists the business the Bank may not transact?Under section 19 the Bank may not allow interest on:Under section 19 the Bank may not become the owner of:Under section 19 the Bank may not purchase the shares of any:Section 20 obliges the Bank to manage which liability of the Union?Under section 21 the Central Government deposits its cash balances:Government business of a State is taken up by the Bank under:A scheduled bank means a bank included in which schedule?Section 42 requires a scheduled bank to keep with the Bank an average:Which chapter of the Act deals with credit information?Section 45-IA bars a company from non-banking finance business without a:Regulations under section 58 are made by the Central Board with the:Which section of the Act sets out penalties?Which section lets the Central Government supersede the Central Board?Which section confers the sole right to issue bank notes?Which section allows a note series to cease to be legal tender?Which section covers the assets of the Issue Department?Which section deals with obligations in respect of rupee coin?Which section governs transactions in foreign exchange?Which section provides for the appointment of agents?Section 45Z provides that its Chapter shall do what to other provisions?Which section requires publication of a consolidated statement?Which section gives the Bank power of direct discount?