part 19

73. Who is authorised to issue coin in India

a)   RBI

b)   Ministry of Finance

c)    SBI

d)   None of these

Ans: (b)

74. Bank can change interest rate without reference to its PLR in the following

a)Housing loans 

b) NRE/ FCNB deposits

c) Personal loans 

d)Educational loans

Ans: (b)

75. The maximum penal rate of interest that can be charged is restricted to

a)          2 %  

b)          3 %  

c)           Maximum spread announced over PLR 

d)          5 %

Ans: ( c )

76. Banks can change rate of interest beyond spread announced by them on advances granted to

a) Film companies 

b) Chit funds 

c) NBFC s 

   d) Hotels

Ans: ( c )

77. To which category of customers are banks prohibited to sanction loans against shares and debentures?

a)   Institutions 

b)   PSUs

c)    Banks

d)   Trust and endowments

Ans: (d)

78. What should be the method of valuation for advances against shares/debentures / bonds?

a)   Face value  

b)   Market price

c)    Book Value

d)   Average Value

Ans: (b)

79. Which kind of bills should not be discounted by banks as per RBI regulation?

a)   Customs duty   

b)   Installation charges

c)    Sale of goods   

d)   Purchase of books

Ans: (a)