Banking Awareness MCQ-106

Banking Awareness quiz RRB,IBPS Clerks,SBI PO mains,Bank Exams

In International Banking terms, “Appreciation” of Rupee means ______

[A] Excess of exports over imports [B] Purchasing power of rupee has come down [C] Availability of less foreign currency vis-a-vis rupee [D] Excess of imports over exports [E] Availability of more foreign currency vis-à-vis rupee

The following are main objectives of the SEBI

[A] to protect interest of investors [B] to promote the development of security market [C] to regulate the security market [D] all of the above [E] None of the above

Normally banks accept fixed Deposits for a maximum period of:

[A] 5 years [B] 7 years [C] 10 years [D] 20 years [E] None of these

The Foreign exchange of India is kept with

[A] SBI [B] ECGC [C] RBI [D] NABARD [E] None of these

If you buy a financial instrument in one market in order to sell the same instrument in another market at higher price, it will be called as:

CASA is basically the combination of Current account and saving account deposits with a Bank. Why do the Banks put greater emphasis on mobilizing a high CASA ratio?

[A] In order to fulfill RBI stipulation for it [B] It helps reduction in average cost of funds [C] These are stable deposits [D] These help Banks maintain a healthy asset-liability ratio [E] None of the Above

[A] Finance extended to packing materials [B] Finance extended to an importer to pack the goods imported [C] Finance extended to warehouses for keeping the goods packages [D] Finance extended to an exporter to meet the cost of buying and/or making products ‘to be exported [E] None of these

The main mandate of Payments Banks is to offer which of the following?