Find the odd man out from the following:
a. National Bank for Agriculture and Rural development
b. Industrial Finance Corporation of India
c. Industrial Investment Bank of India
d. IDBI bank
Ans – d
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Which amongst the following is not term deposit issued by commercial banks?
a. Current account
b. Fixed deposit
c. Recurring deposit
d. Reinvestment deposit
Ans – a
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Find the odd man out from the following:
a. Non resident external account
b. Non resident ordinary account
c. FCNR account
d. Savings bank
Ans – d
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The minimum period for opening FCNR deposit account is ……
a. Six months
b. Three months
c. One year
d. Two years
Ans – c
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The cases of deceased depositors where the claims have been received and are pending beyond the stipulated period are required to be reported to which of the following?
a. Board of Directors of the bank
b. Ombudsman
c. Reserve Bank of India
d. Customer Service Committee of the Board
Ans – d
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Which of the following can be taken as part of Off-balance sheet items?
a. Take out finance in the books of the taking over institution
b. Outstanding foreign exchange contracts
c. Open position in gold
d. All the above
Ans – d
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Initial Public Offering (IPO) means that an unlisted company makes to the public for the first time (i) a fresh issue of securities, (ii) offers its existing securities for sale
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)
Ans – d
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The legal status of a mutual fund is in the form of a ……
a. Partnership firm
b. Proprietorship
c. Joint stock company
d. Trust Ans – d
Sales of an MSE unit for the previous year were Rs.200 lac. These are projected at Rws.300 lac for next year. As per Nayak Committee, the level of minimum bank working capital limits to be sanctioned would be ……
a. Rs.40 lac
b. Rs.60 lac
c. Rs.20 lac
d. Rs.100 lac
Ans – b
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A forward exchange contract is a firm contract for the purchase/sale of a specified quantity of a stated foreign currency at a predetermined exchange rate between the bank and its (i)
exporters, (ii) importers
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)
Ans – d
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Forfaiting enables the exporter to avoid the following risks (i) interest-rate risk, (ii) currency
risk, (iii) credit risk and political risk
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans – d
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A computer network is used for which of the following?
a. To share date
b. To share software
c. To share hardware
d. All the above
Ans – d
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