Banking And Financial Institutions - Practice Test

[#206] Authorized Dealers for foreign exchange transactions are appointed by:

(A) Reserve Bank of India

(B) Government of India

(C) Individual Banks

(D) FEDAI

Correct Answer

(A) Reserve Bank of India

[#207] PIN in banking transaction is known as

(A) Postal Index Number

(B) Permanent Identification Number

(C) Personal Identification Number

(D) Public Interlocking Numeric

(E) Postal Index Number

(F) Permanent Identification Number

(G) Personal Identification Number

(H) Public Interlocking Numeric

Correct Answer

(C) Personal Identification Number
(G) Personal Identification Number

[#208] The single largest component of external debt is:

(A) Commercial borrowings

(B) Multilateral debt

(C) Short term debt

(D) NRI deposits

Correct Answer

(A) Commercial borrowings

[#209] Consider the following statements and select the correct option. Assertion (A): The impact of depreciating Indian Rupee leads to less competition for Indian firms from imports. Reason (R): The depreciating Indian Rupee results in downward pressure on inflation.

(A) Both (A) and (R) are correct

(B) (A) is false, but (R) is correct

(C) Both (A) and (R) are false

(D) (A) is true, but (R) is false

Correct Answer

(D) (A) is true, but (R) is false

[#210] According to the FDI Policy of the Government of India (2012), the FDI in banks is limited to

(A) 20% in Nationalised Banks and 74% in Private Sector Banks

(B) 20% in Nationalised Banks and 49% in Private Sector Banks

(C) 16% in Nationalised Banks and 74% in Private Sector Banks

(D) 49% in Nationalised Banks and 51% in Private Sector Banks

Correct Answer

(A) 20% in Nationalised Banks and 74% in Private Sector Banks

Banking And Financial Institutions - Study Mode

[#206] Authorized Dealers for foreign exchange transactions are appointed by:

Correct Answer

[#207] PIN in banking transaction is known as

Correct Answer

[#208] The single largest component of external debt is:

Correct Answer

[#209] Consider the following statements and select the correct option. Assertion (A): The impact of depreciating Indian Rupee leads to less competition for Indian firms from imports. Reason (R): The depreciating Indian Rupee results in downward pressure on inflation.

Correct Answer

[#210] According to the FDI Policy of the Government of India (2012), the FDI in banks is limited to

Correct Answer