Banking and Economy

1."Primary Deficit" refers to

Fiscal Deficit minus Interest Payments Budget Deficit minus Interest Payments Monetary Deficit minus Interest Payments Deficit Financing by 91 -day ad hoc treasury bills

2.Banker may reduce lending risk by

Ensuring that there will be no default on account of lack of willingness to pay on the part of the borrower Ensuring that there will be no problem of liquidity with the borrower Obtaining adequate security all of the above

3.Bankers have to maintain secrecy of customers accounts as per the provisions of

Banking Companies Act, 1970 Negotiable Instruments Act, 1881 Banking Regulation Act, 1949 None of the above

4.Banking Code & Standards Board of India (BSSBI) has been set up for providing details of banking and to create awareness of banking. BCSBI has been set up by

SBI RBI Ministry of finance None of these

5.A mortgage involves

transfer of ownership transfer of possession transfer of interest All of the above