Banking and Insurance (Part 26)

18 Mar 2015

(251) Bills of Exchange and ________ are Money Market Instruments.

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 (1) Guarantee reciept

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 (2) Hundi

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 (3) Promissory Notes

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 (4) (1)&(2) are true

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 (5) (1),(2)&(3) are true

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(252) Account where lump sum investment is made for specific period is :-

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 (1) Current account

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 (2) Saving account

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 (3) Term Deposit account

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 (4) Reccuring Account

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 (5) none of the above

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(253) CP is a usance promissory note hence it can be negotiated by  ______.

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 (1) endorsement

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 (2) & delivery

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 (3) & procurement

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 (4) (1)&(2) are true

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 (5) (1)&(3) are true

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(254) The prominent Bond issuing PSU are :-

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 (1) MTNL

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 (2) SAIL

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 (3) NTPC

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 (4) (1)&(2) are true

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 (5) (1),(2)&(3) are true

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(255) Post Offices are popular for mobilizing small savings of the public due to\r\n:-

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 (1) Wide network

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 (2) Tax concessions

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 (3) Saftey of funds

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 (4) (1)&(2) are true

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 (5) (1),(2)&(3) are true

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(256) For a focus on the SSI Sector in 1986 IDBI created :-

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 (1) PPL

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 (2) SADAF

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 (3) SIDF

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 (4) All the above

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 (5) none of above

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(257) CRR and SLR are ________ reserves.

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 (1) Personal

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 (2) Stock

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 (3) Public

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 (4) Statutory

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 (5) none of above

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(258) An ________ letter of credit cannot be canceled by the buyer without the\r\nseller’s consent.

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 (1) Error free

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 (2) Revocable

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 (3) Irrevocable

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 (4) All the three

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 (5) none of above

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(259) A Transaction on “payment later” basis is a :-

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 (1) Pay off

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 (2) Cash transaction

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 (3) Credit transaction

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 (4) (1)&(2) are true

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 (5) (1),(2)&(3) are true

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(260) IDA lends to poor countries :-

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 (1) By borrowing from IBRD

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 (2) By lending at 0% interest

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 (3) For periods up to ten years

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 (4) (1)&(2) are true

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 (5) (1),(2)&(3) are true

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Answers : (251) 3 (252) 3 (253) 4 (254) 5 (255) 5 (256) 3 (257) 4 (258) 3 (259)\r\n3 (260) 5

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