Q41: Direct quotation is also known as
- A. home currency quotation
- B. foreign currency quotation
- C. currency quotation
- D. American quotation
Answer
Answer A. home currency quotation
Q42: The difference between buying rate and selling rate is the gross profit for the bank and is known as the
- A. bid rate
- B. offer rate
- C. spread
- D. swap
Answer
Answer C. spread
Q43: The selling rate is also known as
- A. bid rate
- B. offer rate
- C. spread
- D. swap
Answer
Answer B. offer rate
Q44: The buying rate is also known as the
- A. bid rate
- B. offer rate
- C. spread
- D. swap
Answer
Answer A. bid rate
Q45: The features of the commercial paper are
- A. It is an unsecured instrument issued in the form of promissory note
- B. The highly rated corporate borrowers can raise short term funds through this instrument
- C. It is an additional instrument to the investing community
- D. All of the above
Answer
Answer D. All of the above
Q46: Which of the following is used for International Monetary Transfer?
- A. RTGS
- B. NEFT
- C. SWIFT
- D. None of these
Answer
Answer C. SWIFT
Q47: One of the items is not related with e-banking
- A. Demand draft
- B. SPMS
- C. ECS
- D. ATM
Answer
Answer A. Demand draft
Q48: What is OTP in credit card transaction?
- A. Odd Transaction Password
- B. Owner is Trading Pass code
- C. One Time Password
- D. One Time Pin code
Answer
Answer C. One Time Password
Q49: Banking ombudsman may reject the complaint
- A. immediately after receipt
- B. after hearing both parties
- C. at any stage
- D. None of the above
Answer
Answer C. at any stage
Q50: Currency chest balance will be periodically verified by
- A. Bank own officials
- B. RBI Officials
- C. Both (a) and (b)
- D. Officials of AG’s office
Answer
Answer C. Both (a) and (b)
Q51: Which of the following is not the fund-based business of commercial banks?
- A. D.P. Operation
- B. Loans
- C. Deposits
- D. Depositing Bills
Answer
Answer A. D.P. Operation
Q52: India has been witnessing high rate of inflation because
- A. Public expenditure and money supply both are continuously increasing
- B. The agricultural and industrial sectors have not performed adequately
- C. Both agricultural and administered prices have been hiked
- D. All of the above
Answer
Answer D. All of the above
Q53: Which one among the following has not started commercial banking?
- A. SIDBI
- B. IDBI
- C. ICICI
- D. UTI
Answer
Answer A. SIDBI
Q54: Banking in India has its origin. as early as___period
- A. Vedic
- B. Moughal
- C. British
- D. None of these
Answer
Answer C. British
Q55: Find out the odd one out of the following
- A. State Bank of India
- B. Reserve Bank of India
- C. Union Bank of India
- D. Central Bank of India
Answer
Answer B. Reserve Bank of India
Q56: Which one of the statements
- A. Institutional infrastructure facilities makes intelligence
- B. STC is the chief canalizing agent for export and import of agriculture products
- C. lIPO organizes trade fairs and exhibitions
- D. Letter of credit does not indicate that the bank will pay the value of imports to the exporter.is not true?
Answer
Answer D. Letter of credit does not indicate that the bank will pay the value of imports to the exporter.is not true?
