Quiz 39: Basic General Knowledge → Bank PO

1. The rate at which RBI purchases or rediscounts bills of exchange of commercial banks is called?
[A] Repo rate
[B] Reverse repo rate
[C] Bank rate
[D] Base rate

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2. In the capital market, simultaneous purchase and sale of securities to reduce the loss on purchase is known as …..?
[A] Arbitrage
[B] Hedging
[C] Trend following
[D] Shorting

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3. Where do the Commercial Banks keep the liquid assets under the Statutory Liquidity Ratio?
[A] With RBI
[B] With other banks
[C] In the Market
[D] With Themselves

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4. The terms such as ‘placement, layering, integration of funds’ are related to which among the following?
[A] Fiscal Management
[B] Financial Stability
[C] Money Laundering
[D] Capital Market Trading

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5. Net Interest income is
[A] Interest earned on advances
[B] Interest earned on investments
[C] Total interest earned on advances and investment
[D] Difference between interest earned and interest paid

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6. “Interest rate risk” can be placed in which among the following categories?
[A] Credit risk
[B] Market risk
[C] Operating Risk
[D] All of above

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7. In an inflationary trend, the pricing of the bank products are:
[A] At increasing trend
[B] At decreasing trend
[C] No relevance of Inflation
[D] Constant

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8. Consider the following statements:
1. Foreign Exchange markets are dynamic and round the clock markets.
2. Some Foreign Exchange markets operate within a country’s time zone.
3. Foreign Exchange markets are used only for trade
Which among the above is/ are correct statements?
[A] Only 1
[B] 1 & 2
[C] 2 & 3
[D] 1, 2 & 3

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9. In which year Bombay Stock Exchange was established?
[A] 1865
[B] 1875
[C] 1880
[D] 1890

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10. In which year NSE was established?
[A] 1978
[B] 1985
[C] 1994
[D] 2000

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    For question 2, simultaneous sale and purchase of securities to reduce loss on purchase is hedging. Arbitrage is milking the opportunity to buy and sell securities having difference in prices in two different markets. I n arbitrage, people buy at low price and sell at high price pocketing the pure profit.

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