1. Fiscal deficit is?
(a) Total income less Govt.
borrowing
(b) Total payments less
total receipts
(c) Total payments less
capital receipts
(d)
Total expenditure less total receipts excluding borrowing
2. In the capital market,
the term arbitrage is used with reference to?
(a) Purchase of
securities to cover the sale
(b) Sale of securities
to reduce the loss on purchase
(c)
Simultaneous purchase and sale of securities to make profits from price
(d) All of the
above
3. The stance of RBI
monetary policy is?
(a) Inflation control
with adequate liquidity for growth
(b) Improving credit
quality of the Banks
(c) Strengthening credit
delivery mechanism
(d)
All of the above
4. Currency Swap is
an instrument to manage?
(a) Currency risk
(b) Interest rate
risk
(c) Currency and
interest rate risk
(d)
Cash flows in different currency
5. “Sub-prime”
refers to?
(a) Lending done by
banks at rates below PLR
(b) Funds raised by the
banks at sub-Libor Rates
(c) Group of banks which
are not rates as prime banks as per Banker’s Almanac
(d)
Lending done by financing institutions including banks to customers not meeting
with normally required credit appraisal standards
6. Many a time we
read a term MSS in relation to banking transactions. What is the full form of
MSS?
(a) Money Stabilization
Scheme
(b)
Market Stabilization Scheme
(c) Maturity and
Standardization Service
(d) Money Stabilization
Service
7. RBI’s open market
operation transactions are carried out with a view to regulate?
(a) Liquidity in the
economy
(b) Prices of essential
commodities
(c) Inflation
(d)
All of the above
8. Open market operations,
one of the measures taken by RBI in order to control credit expansion in the
economy means?
(a)
Sale or purchase of Govt. securities
(b) Issuance of
different types of bonds
(c) Auction of
gold
(d) None of the
above
9. The bank rate means?
(a) Rate of interest
charged by commercial banks from borrowers
(b) Rate of interest at
which commercial banks discounted bills of their borrowers
(c) Rate of interest
allowed by commercial banks on their deposits
(d)
Rate at which RBI purchases or rediscounts bills of exchange of commercial
banks
10. What is an Indian
Depository Receipt?
(a) A deposit account
with a Public Sector Bank
(b) A deposit account
with any of depositories in India
(c)
A denominated in Indian currency and are issued by a domestic depository and
the underlying equity shares are secured with a custodian
(d) None of the above
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