Banking and Insurance (Part 26)

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

 (1) Guarantee reciept

 (2) Hundi

 (3) Promissory Notes

 (4) (1)&(2) are true

 (5) (1),(2)&(3) are true

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

 (1) Current account

 (2) Saving account

 (3) Term Deposit account

 (4) Reccuring Account

 (5) none of the above

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

 (1) endorsement

 (2) & delivery

 (3) & procurement

 (4) (1)&(2) are true

 (5) (1)&(3) are true

(254) The prominent Bond issuing PSU are :-

 (1) MTNL

 (2) SAIL

 (3) NTPC

 (4) (1)&(2) are true

 (5) (1),(2)&(3) are true

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

 (1) Wide network

 (2) Tax concessions

 (3) Saftey of funds

 (4) (1)&(2) are true

 (5) (1),(2)&(3) are true

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

 (1) PPL

 (2) SADAF

 (3) SIDF

 (4) All the above

 (5) none of above

(257) CRR and SLR are ________ reserves.

 (1) Personal

 (2) Stock

 (3) Public

 (4) Statutory

 (5) none of above

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

 (1) Error free

 (2) Revocable

 (3) Irrevocable

 (4) All the three

 (5) none of above

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

 (1) Pay off

 (2) Cash transaction

 (3) Credit transaction

 (4) (1)&(2) are true

 (5) (1),(2)&(3) are true

(260) IDA lends to poor countries :-

 (1) By borrowing from IBRD

 (2) By lending at 0% interest

 (3) For periods up to ten years

 (4) (1)&(2) are true

 (5) (1),(2)&(3) are true

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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