1. Expand “NEFT”‘?
A.National Emergency Fund For Traders
B.National Electronic Fund Transfer
C.National Emergency Fund Transfer
D.National Electronic Financial Trust
2. Expand “PIO” in relation to Right to Information, 2005?
A.Public Information Officer
B.Principal Information Officer
C.Press Information Officer
D.None of these
3. Foreign Trade Policy is framed by?
A RBI
B.EXIM Bank
C.DGFT
D.Ministry of Commerce, Government of India
4. In money market, which of the following is not traded?
A.Shares and Debentures
B.Certificate of Deposit
C.Commercial Paper
D.Treasury Bills
5. In NRE account, rate of interest is linked to?
A.LIBOR
B.Bank
C.PLR
D.RBI
6. In the Money market operations, the item widely accepted is?
A.Inter Bank Participation Certificates
B.Certificate of Deposits
C.Treasury Bills
D.None of the above
7. To meet a significant increase in demand for bank credit, a bank may?
A.make use of excess reserves
B.borrow from other banks
C.borrow from the Reserve Bank of India
D.All of the above
8. 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 by the Union Ministry of Finance
D.set by the Reserve Bank of India as directed by the Indian Banks’ Association
9. 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 with a view to realise a profit.
D.buying of foreign currency to realise a future profit when it appreciates
10. 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
Banking Awareness Quiz for Bank Exam: 30...
