81. Why is the offering to Teaser Loans by commercial banks a cause of economic concern?
    1. The teaser loans are considered to be an aspect of sup-prime lending and banks may be exposed to the risk of defaulters in futures.
    2. In India, the teaser loans are mostly given to inexperienced enterpreneurs to setup manufacturing of export units.
    Which of the statements given above is/are correct?

1. 1. 1 only

   
   
   

   2. 2 only

   
   
   

   3. Both 1 and 2

   
   
   

   4. Neither 1 nor 2

   
   
   

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   Correct Option: A

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82. Banks in India are categorized a Public Sector and Private Sector Banks. Which of the following types of banks are called Public Sector Banks?

1. 1. Those in which Government of India has a controlling stake

   
   
   

   2. Those which are giving services to poor sections of society like those living below poverty line, in remote areas or in different areas

   
   
   

   3. Those who are governed and regulated by the Reserve Bank of India only. Finance Ministry does not have any control over them

   
   
   

   4. Only those banks are called public sector whose shares are traded in Stock Markets. Others are private banks

   
   
   

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   Correct Option: A

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83. As per the news published in various financial newspapers, the RBI is reworking the roadmap on Capital Account Convertibility .If this is done who amongst the following would be able to invest in foreign projects or acquire assets outside India without any restrictions?
    1. Public Sector Banks.
    2. Companies which are registered in India.
    3. Government of India.
    4. Any individual.
    Codes

1. 1. Only 1

   
   
   

   2. Only 2

   
   
   

   3. Only 3

   
   
   

   4. All 1, 2 and 3

   
   
   

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   Correct Option: A

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84. The abbreviation NABARD stands for

1. 1. National Bank for Agricultural and Rural Development

   
   
   

   2. National Bank for Agricultural Refinance and Development

   
   
   

   3. National Board of Agricultural Research and Development

   
   
   

   4. National Academy of Banking of Agricultural Research and Development

   
   
   

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   Correct Option: A

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85. According to the World Bank Report India is a........

1. 1. Development Country

   
   
   

   2. Rich Country

   
   
   

   3. Developing Country

   
   
   

   4. Low Income Country

   
   
   

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   Correct Option: D

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