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Debt Recovery Agent  ( DRA ) Exam Question and Answer :

Which of the following instruments is used by public to directly lend to the Government?

• (a) Bank Deposits
• (b) Public Provident Fund
• (c) T-Bills
• (d) Certificates of Deposit

nInter-bank call money refers to borrowing among banks for

• (a) Overnight
• (b) Two days
• (b) More than 14 days
• (c) Less than 14 days

Certificates of Deposits have to be of a minimum value of

• (a) Rupees 1 lakh
• (b) Rupees 10 lakh
• (c) Rupees 25 lakh
• (d) Rupees 1 crore

Commercial paper can be issued

• (a) By all corporates
• (b) By all corporates with net worth of at least Rs. 10 crores
• (c) By all corporates with net worth of at least Rs. 5 crores
• (d) Can be issued only by banks

Commercial Bills market is a part of

• (a) Organised money market
• (b) Unorganised money market
• (c) Stock market
• (d) None of the above

Which of the following statements is not true?

• (a) Call money market deals with overnight loans
• (b) As special cases, few FIs like LIC, UTI can borrow in the call money market
• (c) Call loans are made on a ‘clean’ basis
• (d) Is a part of organised money market

A scheduled commercial bank is one:

• (a) Which is included in the Second Schedule of the RBI Act 1934
• (b) Which is included in the Banking Regulation Act, 1949
• (c) Both (a) and (b)
• (d) None of the above

Indigenous bankers are regulated by

• (a) Reserve Bank of India
• (b) Ministry of Finance
• (c) Registrar of Co-operative Societies
• (d) None of the above

What is the current SLR requirements of banks?

• a)40% of the deposits
• b)25% of the deposits
• c)31% of the deposits
• d) None of the Above

What is the CRR currently prescribed by RBI ?

• a) 5.5%
• b) 6.0%
• c) 6.5%
• d) 7.0%