Banking and Finance 2 MCQs

M

Mr. Dubey • 52.26K Points
Coach

Q 71. India’s foreign exchange rate system is?

(A) Free float

(B) Managed float

(C) Fixed

(D) Fixed target of band

M

Mr. Dubey • 52.26K Points
Coach

Q 72. What is an Indian depository receipt?

(A) A deposit account with a public sector bank.

(B) It is a depository account with any of the depositories in India.

(C) An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company.

(D) None of the above is correct.

M

Mr. Dubey • 52.26K Points
Coach

Q 73. How many Scheduled Commercial Banks are there in India?

(A) 81

(B) 89

(C) 93

(D) 97

M

Mr. Dubey • 52.26K Points
Coach

Q 74. What is the minimum duration for which term money can be lent/borrowed in money market?

(A) 1 day

(B) 15 days

(C) 30 days

(D) 1 year

M

Mr. Dubey • 52.26K Points
Coach

Q 75. What is the maximum duration for which term money can be lent/borrowed in money market?

(A) 1 day

(B) 15 days

(C) 30 days

(D) 1 year

M

Mr. Dubey • 52.26K Points
Coach

Q 76. Which among the following is/are correct regarding Call Money?

(A) It is the money lent/borrowed for maximum period of 14 days

(B) No Collateral is required in Call Money transaction

(C) It is the money lent/borrowed for maximum period of 30 days

(D) Banks borrow primarily from the inter-bank (call money) market

M

Mr. Dubey • 52.26K Points
Coach

Q 77. Which among the following is/are correct regarding Money Market?

(A) Money Market is a market for short-term funds.

(B) Maturity in this market ranging from overnight to one year.

(C) The basic function of money market is to provide efficient liquidity position for commercial banks, financial institution, Mutual funds, insurance companies, corporate etc.

(D) Maturity in this market is above one year.

M

Mr. Dubey • 52.26K Points
Coach

Q 78. Commercial Bill is a type of_____.

(A) Promissory Note

(B) Cheque

(C) Stamp

(D) Bill of exchange

M

Mr. Dubey • 52.26K Points
Coach

Q 79. Which of the following act defines a Cheque?

(A) RBI Act 1934

(B) Negotiable Instrument Act 1881

(C) Banking Regulation Act 1949

(D) Companies Act 2013

M

Mr. Dubey • 52.26K Points
Coach

Q 80. Which is a type of crossing in a cheque?

(A) Negotiable Crossing

(B) Special Crossing

(C) Level Crossing

(D) Named Crossing