Q1. What is are the benefits of the Cheque Truncation System CTS introduced by the Reserve Bank of India 1 A physical cheque is not required to be issued by the account holder for payment purposes leading to improved logistical management 2 The system reduces the scope of loss of cheque instruments in transit from bank to bank resulting in better service to customers Which of the above is are correct

Q2. Inflow of foreign investments in India lead to Increase in Current Account Deficit CAD in the short term Crowding out in financial markets in the short term Which of the above is are correct

Q3. The project Financing of Energy Efficiency at MSMEs in India is an initiative of

Q4. Consider the following statements about the recently established Global Foreign Exchange Committee GFXC It was established as a research arm of International Monetary Fund IMF GFXC will enforce a FX Global Code that will legally regulate the manipulation of floating foreign exchange by Central Banks It will promote collaboration and communication among the local foreign exchange committees FXCs of member nations It will replace the institution of Bank of International Settlements BIS Indian government has boycotted GFXC due to its non democratic governance structure Select the correct answer using the codes below

Q5. The Banking Ombudsman Scheme is an expeditious and inexpensive forum for bank customers for resolution of complaints relating to certain services rendered by banks The Banking Ombudsman can receive and consider any complaint relating to which of the following deficiency in banking services Non adherence to prescribed working hours of banks Refusal to open deposit accounts without any valid reason for refusal Levying of charges without adequate prior notice to the customer Forced closure of deposit accounts without due notice or without sufficient reason Select the correct answer using the codes below