Banking And Financial Institutions - Study Mode

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[#466] The risks involved in paying a post-dated cheque are:

(A) the drawer may issue other cheques which bear a date prior to the date of such a cheque and if the balance is insufficient, the bank may be held liable

(B) an Attachment Order may be received attaching the balance in the account

(C) the drawer may become insolvent or die

(D) the drawer may stop payment

Correct Answer

(D) the drawer may stop payment

[#467] The different forms of IMF assistance are given below. Identify the one which is mainly meant for Less Developed Countries (LDCs)

(A) Credit Tranche Drawing

(B) Extended Fund Facility

(C) Compensatory Financing Facility

(D) Structural Adjustment Facility

Correct Answer

[#468] Which one of the following is not the objective of UTI?

(A) To give everyone a chance to indirectly own shares and securities in a large number of select companies

(B) To maximize mobilization of people's savings by making insurance linked savings adequately attractive

(C) To channelize the pooled savings into productive out-lets

(D) To mobilize savings of the community by offering savers the triple benefits of safety liquidity and profitability of investments

(E) To mobilise savings of the community by offering savers the triple benefits of safety, liquidity and profitability of investments

(F) To channelise the pooled savings into productive outlets

(G) To provide finance under hire purchase finance and housing finance to its members

(H) To give everyone a chance to indirectly own shares and securities in a large number of select companies

Correct Answer

(B) To maximize mobilization of people's savings by making insurance linked savings adequately attractive
(G) To provide finance under hire purchase finance and housing finance to its members

[#469] Currency chest balance will be periodically verified by

(A) Bank's own officials

(B) RBI officials

(C) Both A and B

(D) Officials of AG's office

Correct Answer

[#470] Match the items of List-I with List-Il . List-I List-II a. Future 1. Consists of purchase or sale of commodities in two different markets with the expectations that a future change in price in one market will be offset by an opposite change in the other market b. Swap 2. A contract in which a seller agrees to deliver an asset to a buyer at a predetermined price at some future date as privately negotiated c. Hedging 3. A contractual agreement for exchanging a steam of payments with opposite and matching needs, to reap the benefit arising due to market discrepancies d. Forward 4. A contract covering the purchase and sale of physical commodities or financial instruments for future delivery on a future exchange floor

(A) a-4, b-3, c-2, d-1

(B) a-1, b-2, c-3, d-4

(C) a-2, b-1, c-3, d-4

(D) a-4, b-3, c-1, d-2

Correct Answer

(D) a-4, b-3, c-1, d-2