part 2

7. Who regulates the money circulation in India?
(A) State Bank of India
(B) Reserve Bank of India
(C) NABARD
(D) Commercial Banks
Ans : (B)

8. Which of the following is not an organized sector in India?
(A) Nationalised Banks
(B) Regional Rural Banks
(C) Cooperative Banks
(D) Chits and Money lenders
Ans : (D)

9. Who will settle the grievances of customers of banks?
(A) Reserve Bank of India
(B) State Bank of India
(C) Local Courts
(D) Ombuds Men
Ans : (D)

10. Who introduced the Banking Ombudsmen Scheme?
(A) ARBI
(B) SBI
(C) Ministry of Finance
(D NABARD
Ans : (A)

11. When was OMBUDS MEN SCHEME first introduced?
(A) November 2006
(B) October 1981
(C) June 1995
(D) January 1998
Ans : (C)

12. Which was the firth Bank corporated by the Indians? (1881)
(A) Imperial Bank of India
(B) State Bank of India
(C) Avadh Commercial Bank
(D) Reserve Bank of India
Ans : (C)

13. When was the Avadh Commercial Bank established?
(A) 881
(B) 1894
(C) 1898
(D) 1899
Ans : (A)