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Financial_Institutions___Banking_7

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38. Initial Quantum of resources of IMF were contributed by members according to :-

Quotas fixed for members SDR fixed for members Population Wealth of the nation

LIST OF ATTEMPTED QUESTIONS AND ANSWERS Multiple Choice Single Answer Question Zero Coupon Bonds are issued at a :Correct Answer Discount to face value Your Answer Discount to face value

Select The Blank Question An ________ letter of credit cannot be canceled by the buyer without the seller's consent. Correct Answer Irrevocable Your Answer Irrevocable

Multiple Choice Single Answer Question Which of the following institution was set up as a subsidy of RBI in 1964? Correct Answer IDBI Your Answer IDBI

Select The Blank Question HDFCs loans were linked up with________. Correct Answer Planned Savings Your Answer Planned Savings

Multiple Choice Multiple Answer Question IDA lends to poor countries :Correct Answer By borrowing from IBRD , By lending at 0% interest. , For periods up to ten years Your Answer By borrowing from IBRD , By lending at 0% interest. , For periods up to ten years True/False Question

HDFC was set up by NHB.

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Correct Answer False Your Answer False

True/False Question

IMF discourages excessive use of its resources by imposing a surcharge on large loans. Correct Answer True Your Answer False

Multiple Choice Multiple Answer Question Functions of a Bank's H.O. include:Correct Answer Liaison with RBI , Evolve Policies , Vigilance & Control Your Answer Liaison with RBI , Evolve Policies , Vigilance & Control

Multiple Choice Multiple Answer Question Post Offices are popular for mobilizing small savings of the public due to :Correct Answer Wide network , Tax concessions , Saftey of funds Your Answer Wide network , Tax concessions

True/False Question

In case of T-Bills potential investors have to put in competitive bids. Correct Answer True Your Answer True

Multiple Choice Single Answer Question The apex institution in the field of foreign trade in India is :Correct Answer EXIM Bank Your Answer EXIM Bank

Multiple Choice Single Answer Question NABARD was established on the recommendations of :Correct Answer CRAFICARD Your Answer CRAFICARD

Select The Blank

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Question Period of Holiday Insurance is ________.

Correct Answer Six months or less Your Answer Six months or less

Multiple Choice Single Answer Question Financial institutions deal in :Correct Answer Financial assets Your Answer Financial assets

Multiple Choice Multiple Answer Question R B I issues currency notes against the security of:Correct Answer Gold bullion , Foreign securities , GOI securities Your Answer Gold bullion , Foreign securities , GOI securities

Select The Blank Question AFC's membership consists of commercial, cooperative banks and DFIs including ________. Correct Answer EXIM bank Your Answer EXIM bank

Multiple Choice Single Answer Question SIDCs & SIICs give loans ,guarantees & :Correct Answer Lease finance Your Answer Lease finance

Multiple Choice Multiple Answer Question Bonds issued by institutions through SPVs to execute infrastructure projects are :Correct Answer MSR Dev.Corporation , MKV Dev. Corporation. , SSN Nigam Ltd Your Answer SSN Nigam Ltd , MSR Dev.Corporation , MKV Dev. Corporation.

Select The Blank Question SCICI provides domestic & foreign loans for capital equipment and________ services. Correct Answer Technical Your Answer Technical

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Multiple Choice Single Answer Question Certificate of deposit is a :Correct Answer Usance promissory note Your Answer Usance promissory note

True/False Question

Banks authorised to deal in foreign exchange are known as Authorised Dealers. Correct Answer False Your Answer False

Select The Blank Question The Premium of ________ is obtained through obligatory reinsurance premium. Correct Answer GIC Your Answer GIC

Multiple Choice Multiple Answer Question A member's IMF Quota determines its :Correct Answer Financial commitment , Voting power , Drawing power Your Answer Financial commitment , Voting power , Drawing power

Multiple Choice Multiple Answer Question The main objective of ICICI was :Correct Answer To augment export finance in India , To channelise World Bank's funds to industries in India , To help in building up a Capital Market in India Your Answer To augment export finance in India , To channelise World Bank's funds to industries in India , To help in building up a Capital Market in India Select The Blank Question The HDFC was set up in 1977 by the ________. Correct Answer ICICI Your Answer ICICI

Multiple Choice Single Answer

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Question A company issues CP to save on :-

Correct Answer Interest cost Your Answer Interest cost

Multiple Choice Multiple Answer Question Duties of an International Banking unit cover :Correct Answer Granting lines of Credit , Handling foreign currency , Handling Doc. credits Your Answer Handling foreign currency , Handling Doc. credits , Granting lines of Credit Multiple Choice Single Answer Question Commercial Papers are issued by :Correct Answer Corporates Your Answer Corporates

True/False Question

The currency notes issued by RBI are legal tender everywhere in India without any limit. Correct Answer True Your Answer True

Select The Blank Question The term ________ refers to the act of a bank extending finance to the seller against a letter of credit. Correct Answer Negotiation Your Answer Negotiation

True/False Question

NIDHIS are Trading Organisations.

Correct Answer False Your Answer False

Multiple Choice Multiple Answer Question From time to time RBI has issued :Correct Answer Straight coupon bonds , Inflation linked bonds , Zero coupon bonds Your Answer Straight coupon bonds , Inflation linked bonds , Zero coupon

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bonds

Multiple Choice Multiple Answer Question SFCs provide finance to :Correct Answer Corporates , Partnerships , Proprietary firms Your Answer Corporates , Partnerships , Proprietary firms

Multiple Choice Single Answer Question DICGC also provides :Correct Answer Security to deposits Your Answer Guarantee to banks

Match The Following Question Small Savings Gen.Insurance Life Insurance Mutual fund

Correct Answer Chit Funds NICo of India Ltd. LIC of India Ltd UTI

Your Answer Chit Funds NICo of India Ltd. LIC of India Ltd UTI

Select The Blank Question Financial markets are the centres that provide facilities for buying and selling of ________. Correct Answer Financial claims and services Your Answer Goods and services

Multiple Choice Multiple Answer Question Tourism promotes :Correct Answer Credit Card Business , International remittances , Travellers' Cheques Your Answer Credit Card Business , International remittances , Travellers' Cheques Multiple Choice Multiple Answer Question The major area of AFC's specialisation included Crop Production as well as:Correct Answer Crop Planning , Plant Protection , Farm Management

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Your Answer Crop Planning , Plant Protection , Farm Management

True/False Question

CP is a usance promissory note hence it can be negotiated by endorsement & delivery. Correct Answer True Your Answer False

Select The Blank Question The extent of powers enjoyed by a branch depends on the size of its ________. Correct Answer Business Your Answer Business

True/False Question

Banks lend to corporates directly.

Correct Answer True Your Answer True

True/False Question

SCICI is a member of the OTCEI.

Correct Answer True Your Answer True

Select The Blank Question In a Bank, the investment decisions are taken at ________ level. Correct Answer Head Office Your Answer Head Office

Match The Following Question NABARD AFC Ltd HUDCO

Correct Answer Rural Development Consultancy Housing

Your Answer Rural Development Consultancy Housing

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NCDC Development of Cooperatives Development of Cooperatives

True/False Question

Banks issue Guarantees on behalf of their clients.

Correct Answer True Your Answer True

Multiple Choice Single Answer Question NonBanking Financial Companies are :Correct Answer Financial institutions Your Answer Financial institutions

Multiple Choice Single Answer Question A record of the holdings of GOI dated securities of each holder is contained in :Correct Answer SGL pass book Your Answer SGL pass book

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