Banking Awareness Quiz - Part 127

Ques 1.
"Disguised unemployment" Denotes:
(a) a situation where workers are disguised
(b) a situation where too many workers are doing a limited amount of work.
(c) a situation where workers are doing a limited amount of work
(d) None of the above

Ques 2.
Expand "FINO":
(a)  Fiscal Information Network Organization
(b) Financial Initiative  for Network Operations
(c) Financial Information  Network operation ltd
(d)None of the above

Ques 3.
Expand " LIBOR":
(a) London Inter-bank Offered Rate
(b) Legal Indian Borrowal Rate
(c) FEDAI Approved rates
(d) ID rate for PCFC

Ques 4.
Expand " NEFT":
(a) National Emergency Fund for Traders
(b) National Electronic fund Transfer
(c) National  Emergency Fund Transfer
(d)  National Electronic Financial Trust

Ques 5.
Expand :P.I.O" in relation  to Right  to Information, 2005 :
(a) Public Information Officer
(b)  Principal Information Officer
(c) Press Information Officer
(d) None of these

Ques 6.
Foreign Trade Policy is Framed by :
(a) RBI
(b) EXIM Bank
(c)  DGFT
(d) Ministry of Commerce, Government of India.

Ques 7.
The "bank rate " is :
(a) Free to fluctuate according to the forces of demand and supply
(b) Set by the Reserve Bank of India 
(c) set by the Reserve Bank of India as directed as directed by the Union Ministry of Finance
(d)  Set by the Reserve Bank of India as directed as directed by the Indian Banks' Association 

Ques 8.
The term "exchange arbitrage " is the :
(a) Arbitration of exchange disputes
(b) Simultaneous buying selling of foreign exchange to make a profit because interest rates vary in different countries
(c) Simultaneous   purchase of a currency in one market  and its sale in another market wit a view to realise  profit 
(d) buying of foreign currency to realise a future profit when it appreciates

Ques 9.
The law  regarding negotiable instruments is contained in :
(a) The Bill of Exchange Act, 1881
(b) The Banking Regulation Act, 1949
(c) The Cheques Act, 1881
(d) The Negotiable Instruments Act, 1881

Ques 10.
" Black Revolution " is associated with :
(a)Tea plantation
(b) Coffee Plantation
(c) Rubber Plantation
(d) Printing Ink

Ques 11.
"channel Financing" means:
(a) Financing  of supply-delivery chain, i.e.., dealer of identified large corporate entities financed by  banks
(b) Laying  of agriculture canals
(c) Financing through NBFCs
(d) None of the above

Ques 12.
"from 61' is associated with :
(a) Persons not in receipt to taxable income
(b) persons with agricultural income
(c)  both A and B
(d) None of the above

Ques 13.
Which one of the following is not correctly matched ?
(a) Rural Credit  :  NABARD
(b) Industrial      :  SIDBI
(c) Rural Poverty :  SJSRY
(d) Disguised       : Subsistence unemployment agriculture 

Ques 14.
"Red Clause " Letter of Credit is :
(a) when opening bank advises the advising bank to give advance to the exporter
(b) when advising bank informs the opening bank about credit given to exporter
(c) all the clauses are printed in red
(d) none of the above

Ques 15.
A bank normally does not have to deal with an issue related to :
(a) Payments and settlement system
(b)  constractual rights of creditors
(c) intellectual  property right
(d) cases of insolvency

Ques 16.
Which of the following is the most important contributing factor affecting the  profitability of banks:
(a) Deteriorating productivity
(b) Heavy establishment expenses
(c) Huge "dead  credit" on sick industries and the mounting losses on rural branches
(d)Heavy  losses on investment port-folio

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