Banking and Insurance (Part 23)

15 Mar 2015

(221) The currency notes issued by RBI are legal tender everywhere in India\r\n_____.

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 (1) with limit of 50 crorers

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 (2) with limit of 100 crorers

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 (3) without any limit

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 (4) (1)&(2) are true

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 (5) (1),(2)&(3) are true

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(222) The financial Assistance provided by the IMF enables member countries to\r\n:-

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 (1) Rebuild resources

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 (2) Stabilise currencies

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 (3) Pay for imports

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 (4) (1)&(2) are true

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 (5) (1),(2)&(3) are true

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(223) The term ________ refers to the act of a bank extending finance to the\r\nseller against a letter of  credit.

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 (1) Credit finance

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 (2) Balancing

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 (3) Negotiation

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 (4) Over Draft

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 (5) None of above

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(224) Soft Loan Scheme for modernisation is provided by :-

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 (1) IFCI

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 (2) ICICI

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 (3) SIDBI

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 (4) (1)&(2) are true

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 (5) (1),(2)&(3) are true

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(225) Under MIGA the World bank offers various forms of _____ Insurance.

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 (1) Political

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 (2) Social

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 (3) Public

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 (4) (1)&(2) are true

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 (5) (1),(2)&(3) are true

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(226) Commercial Papers are issued by :-

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 (1) Corporates

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 (2) Private

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 (3) Government

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 (4) RBI

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 (5) none of above

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(227) Investment on a monthly basis and repayment on due date is made in :-

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 (1) Fixed deposite

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 (2) Saving Account

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 (3) Recurring deposit

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 (4) Current Account

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 (5) None of the above

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(228) IDBI was delinked from RBI and it became autonomous in the year :-

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 (1) 1973

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 (2) 1974

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 (3) 1975

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 (4) 1976

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 (5) 1977

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(229) The largest member of the IMF is the :-

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 (1) Canada

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 (2) China

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 (3) U.S.A.

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 (4) Russia

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 (5) None of above

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(230) The foreign currency account maintained by an authorised dealer with its\r\ncorrespondent abroad is :-

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 (1) Vastro Account

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 (2) Capital Account

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 (3) Nostro Account

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 (4) (1)&(2) are true

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 (5) (1),(2)&(3) are true

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Answers : (221) 3 (222) 5 (223) 3 (224) 5 (225) 1  (226) 1 (227) 3 (228) 4 (229) 3 (230) 3

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