Quiz 383: India’s Finance, Banking & Economy for All Examinations

1. National Physical Laboratory is located at:
[A] Mumbai
[B] Pune
[C] Hyderabad
[D] New Delhi

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2. In which year the Bank of Baroda entered the capital market with an Initial Public Offering (IPO)?
[A] 1990
[B] 1992
[C] 1995
[D] 1996

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3. Which among the following function of RBI gives most clear indication that it is Bankers’ Bank in India?
[A] Issuance of Currency
[B] Ways & means advances
[C] Liquidity Adjustment Facility
[D] Maintenance of Currency Chests

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4. In context with banking in India, March 16, 1949 is a date which marks:
[A] Establishment of RBI
[B] Nationalization of RBI
[C] Banking Regulation act coming in Force
[D] Nationalization of Banks

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5. A Rs. 50 note with a * (star) in the number panel between the prefix and the serial number indicates that _________?
[A] This note has special security features
[B] This note was printed in a press outside India
[C] This note was printed by RBI to replace a defectively printed banknote
[D] This note is printed on international quality paper

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6. Consider the following: 
1. International Monetary Fund 
2. Word Bank 
3. World Trade Organization
4. US Treasury Department 
5. US Federal Bank 
Which among the above institutions were a part of Washington Consensus?
[A] 1 & 2
[B] 1, 2 & 3
[C] 1,2 & 4
[D] 1,2,3,4

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7. Hundies are normally __________?
[A] Cheque
[B] Bills of Exchanges
[C] Bills of Purchase
[D] Bills of Lading

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8. The Union Bank of India would like to use an account of State bank of India in Citibank of New York in dollars. For Union Bank of India it is a _________?
[A] NOSTRO account
[B] VOSTRO Account
[C] LORO Account
[D] Forex Account

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9. Which among the following body publishes Incoterms?
[A] World Trade Organization
[B] International Chamber of Commerce
[C] World Bank
[D] International Monetary Fund

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10. In which of the following situations, the current ratio, net working capital and debt equity ratio of a Bank will improve?
[A] If the bank realizes book debts in cash
[B] If the bank issues rights shares
[C] If the Bank issues bonus shares
[D] If the bank revalues its fixed assets

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Comments

  • Anonymous
    Reply

    useful

  • Anonymous
    Reply

    good work

  • Anonymous
    Reply

    commendable work

  • Anonymous
    Reply

    very very useful……………thanks

  • Anonymous
    Reply

    gr8 work.

  • Rohini
    Reply

    Its very gainful to read & the selection of questions are very important

  • rinu
    Reply

    thanks a lot sir for this knowledge :)