Banking Awareness

1."Treasury bills" means

salary bills drawn by Government officials on the treasury

bills drawn by the Government contractors and other supplies on the treasury for the dues owed to them by the Government

obligations of the Government of India issued by the Reserve Bank of India and payable normally ninety-one days after issue a node of drawings by the Treasury Officer on the Reserve Bank of India

2."Token money" means

coins where the value of metal in them is equal to the value attached to them by law

coins where the value of metal in them is less then the value attached to them by law

coins where the value of metal in them is more than the value of metal attached to them by law

money represented by the tokens of specified values issued by the Reserve Bank of India

3."Bulls and Bears" term is used in

bullion markets 

vegetable markets 

stock exchange 

commodity markets

4.The definition of the priority sector was first formalised in 1972 by

Planning Commission 

National Development Council 

Reserve Bank of India 

Ministry of Finance, Government of India

5.Liquidity ratio is fixed by the Reserve Bank of India under the powers conferred on it by

Reserve Bank of India Act, 1934 

Companies Act, 1956

Banking Regulation Act, 1949 

Special Powers given by the Union Ministry of Finance