Banking and Economy

1.Which of the following organisations/ agencies controls the monetary policy of our country?

SEBI

Planning Commission 

RBI 

Union Ministry of Finance

2.Negative lien is

a right of the bank to take possession of all the assets hypothecated to the bank in the case of default by the borrower a special type of lien on the shares of public limited companies 

a declaration of the borrower to the effect that his assets are free from encumbrance and that he shall not encumber or dispose them of without bank's permission

None of the above

3.What is securitisation?

A process which converts conventional credit into tradable Treasure Assets 

Credit receivable of the Bank can be converted into Bonds, i.e. pass through certificates 

These certificate can be traded in the market 

All of the above

4.Busy Season Credit Policy refers to the period

February - August 

June - December 

March - September 

October -March

5.Consumer Protection Act, 1986 does not cover

failure to open accounts 

failure to issue drafts

sanction of loans

ATMs