Banking And Financial Institutions - Study Mode
[#851] Off Shore Banking Unit is:
Correct Answer
(B) A unit which is situated in Special Economic Zones and deals in foreign currency only
[#852] A seller's market in which insurance is expensive and in short supply is termed as . . . . . . . .
Correct Answer
(C) Alternative market
[#853] Which one of the following development financial institutions in India has started the special refinance scheme for the resettlement and rehabilitation of voluntary retired workers of the National Textile Corporation of lndia?
Correct Answer
(A) IDBI
[#854] Assertion (A): The Central Bank of the country is responsible to maintain stability of the monetary standard which involves currency circulation. Reason (R): The Central Bank is the only authorised entity to do so.
Correct Answer
(C) (A) is true, but (R) is false
[#855] Capitalization of Reserves is carried out by issue of . . . . . . . . to the existing shareholders.
Correct Answer
(B) Bonus shares