Saturday, June 13, 2015

Day 54 - Questions


Day 54 - Depository Receipts ADR, GDR

( Depository Receipts - ADR, GDR )


Recommended Study links - (Go through these topics before attempting MCQs)


1.  Suppose, a company publicly listed in New York Stock Exchange (NYSE) wants to raise money from India. It may list its securities (stocks or equities) in Bombay Stock Exchange (BSE). Now Indian investors can buy the securities in the form of -
a.  Fixed Deposits
b.  Depository Receipts
c.  Bullion
d.  None of the above

2.  Expand ADR
a.  All-India Depository Receipts
b.  American Domestic Receipts
c.  American Depository Receipts
d.  All-India Domestic Receipts

3.  Expand GDR
a.  Global Domestic Reports
b.  Global Depository Receipts
c.  General Depository Receipts
d.  None of the above

4.  Which of the following is/are correct steps for issuance of Depository Receipts?
a.  The shares of the foreign company (which the DR represents) are delivered and deposited with the custodian bank (bank that facilitates the company's DR)
b.  On receipt of the delivery of shares, the custodian bank creates DR and issues to investors in the country
c.  These DRs are then listed and traded in the local stock exchange of the investors' country
d.  All are correct





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Friday, June 12, 2015

Day 53 - Questions


Day 53 - Banking Ombudsman

( Banking Ombudsman )


Recommended Study links - (Go through these topics before attempting MCQs)


1.  The purpose of Banking Ombudsman is -
a.  credit resolution of individuals
b.  customer complaints resolution
c.  forex management
d.  human resource management of banks

2.  Which of the following banks are covered under the Banking Ombudsman scheme?
a.  Scheduled Commercial Banks (SCBs)
b.  Regional Rural Banks (RRBs)
c.  Scheduled Primary Cooperative Banks
d.  All of the above

3.  Which of the following is true regarding Banking Ombudsman?
a.  Ombudsman scheme is first introduced in 1995 under Section 35A of Banking Regulation Act, 1949
b.  Ombudsman is a quasi-judicial authority, who has legal power to summon both the parties (bank and its customer) to facilitate the resolution of complaint through mediation
c.  Currently, there are 15 Banking Ombudsmen offices in India
d.  All are true

4.  If a customer is not satisfied with the resolution provided by Ombudsman, he can approach -
a.  Governor of RBI
b.  Deputy-governor of RBI
c.  CMD of respective banks
d.  Finance Minister of India

5.  Which of the following needs to be satisfied before filing a complaint in Ombudsman scheme?
a.  One month passes after filing complaint in bank
b.  Bank rejects the complaint of the customer
c.  Customer is not satisfied with the reply from the bank
d.  Any of the above





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Thursday, June 11, 2015

Day 52 - Questions


Day 52 - Line of Credit, Letter of Credit

( Line of Credit, Letter of Credit )


Recommended Study links - (Go through these topics before attempting MCQs)


1.  Line of Credit is generally provided to business house on which type of account?
a.  Savings Account
b.  NRO Account
c.  Demat Account
d.  Cash Credit Account

2.  Which of the following is not true regarding Line of Credit?
a.  Line of Credit is given to the corporate for business purpose
b.  Line of Credit is a loan/advance facility (credit) with a max. limit (line)
c.  Line of Credit is generally provided in Cash Credit (CC) accounts
d.  No collateral is needed by the corporate to avail the Line of Credit facility

3.  Letter of Credit is a facility used for the purpose -
a.  Loan / advance for SMEs
b.  Letter for guarantee of payment in international trade
c.  Letter from government to avail credit by the farmers
d.  None of these

4.  Which of the following is related with Letter of Credit?
a.  Line of Credit
b.  Bill of Lading
c.  Bill Discounting
d.  NOSTRO accounts

5.  Which of the following is correct difference/s between Letter of Credit and Bank Guarantee?
a.  In Letter of Credit, amount is paid only if the contract is satisfied; whereas in Bank Guarantee, amount is paid only if the contract is breached
b.  Letter of Credit insures a transaction proceeds as planned; Bank Guarantee insures from loss or damage due to non-performance by the other party
c.  Both (a) and (b)
d.  None of the above





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Wednesday, June 10, 2015

Day 51 - Questions


Day 51 - NOSTRO, VOSTRO, LORO

( NOSTRO, VOSTRO, LORO Accouints )


Recommended Study links - (Go through these topics before attempting MCQs)


1.  Which of the following is true regarding NOSTRO Accounts?
a.  Domestic bank account maintained in a foreign country with a foreign bank
b.  Foreign bank account maintained in our country with a domestic bank
c.  Third party bank account maintained in a foreign country with a foreign bank
d.  None of the above

2.  Which of the following is true regarding VOSTRO Accounts?
a.  Domestic bank account maintained in a foreign country with a foreign bank
b.  Foreign bank account maintained in our country with a domestic bank
c.  Third party bank account maintained in a foreign country with a foreign bank
d.  None of the above

3.  Which of the following is true regarding LORO Accounts?
a.  Domestic bank account maintained in a foreign country with a foreign bank
b.  Foreign bank account maintained in our country with a domestic bank
c.  Third party bank account maintained in a foreign country with a foreign bank
d.  None of the above

4.  Which of the following best suits with NOSTRO Accounts?
a.  "Out account with you"
b.  "Your account with us"
c.  "Their account with them"
d.  None of the above

5.  Which of the following best suits with VOSTRO Accounts?
a.  "Out account with you"
b.  "Your account with us"
c.  "Their account with them"
d.  None of the above

6.  Which of the following best suits with LORO Accounts?
a.  "Out account with you"
b.  "Your account with us"
c.  "Their account with them"
d.  None of the above

7.  Which of the following account is/are generally maintained in Indian currency (INR)?
a.  NOSTRO
b.  VOSTRO 
c.  LORO
d.  Both (a) and (c)

8.  Which of the following account is/are generally maintained in foreign currencies?
a.  NOSTRO
b.  VOSTRO 
c.  LORO
d.  Both (a) and (c) 



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Tuesday, June 9, 2015

Day 50 - Questions


Day 50 - NRI Accounts

( NRI Accounts - NRE, NRO, FCNR(B) )


Recommended Study links - (Go through these topics before attempting MCQs)


1.  Expand NRO Account
a.  Non Residential Ordinary Account
b.  Non Residential Operated Account
c.  Non Residential Operation Account
d.  None of the above

2.  NRO accounts are -
a.  Rupee (INR) dominated
b.  US Dollar (USD) dominated
c.  Dominated by the currency of the country where the NRI will reside
d.  None of the above

3.  Select the purpose for which NRO accounts are opened?
a.  To park overseas savings remitted to India
b.  To maintain account in foreign currency
c.  To park Indian earnings, like rent, Indian salary, dividends, etc.
d.  None of the above

4.  Expand NRE Account
a.  Non Resident Earner Account
b.  Non Resident External Account
c.  Non Resident European Account
d.  Non Resident Entry Account

5.  NRE accounts can be opened by -
a.  Depositing foreign currency
b.  Depositing traveler's cheque
c.  Depositing Indian currency (INR)
d.  (a) or (b)

6.  Select the purpose for which NRE accounts are opened?
a.  To park overseas savings remitted to India
b.  To maintain account in foreign currency
c.  To park Indian earnings, like rent, Indian salary, dividends, etc.
d.  None of the above

7.  What is the full form of FCNR(B) Account?
a.  Foreign Currency Non-Resident Business Account
b.  Free Currency Non-Resident Business Account
c.  Fast Convertible Non-Resident Bank Account
d.  Foreign Currency Non-Resident Bank Account

8.  Which type of facility is provided in FCNR(B) accounts?
a.  Savings account facility
b.  Current account facility
c.  Fixed / Term account facility with 1 to 5 years maturity period
d.  All of the above

9.  FCNR(B) account is maintained in -
a.  Indian currency
b.  Foreign currency
c.  Either (a) or (b)
d.  None of the above





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Monday, June 8, 2015

Day 49 - Questions


Day 49 - LIBOR, MIBOR, MIBID

( LIBOR, MIBOR, MIBID )


Recommended Study links - (Go through these topics before attempting MCQs)


1.  Which of the following is/are Inter-bank offer rates?
a.  LIBOR
b.  MIBOR
c.  HIBOR
d.  All of the above

2.  Expand LIBOR -
a.  Liquidity Inter-Bank Offer Rate
b.  London Inter-Bank Offer Rate
c.  Liability Inter-Bank Offer Rate
d.  None of the above

3.  Select the odd one -
a.  LIBOR
b.  MIBOR
c.  MIBID
d.  TIBOR

4.  Which of the following is/are Inter-Bank Offer Rate of Indian origin?
a.  LIBOR
b.  MIBOR
c.  MIBID
d.  Both (b) and (c)

5.  While MIBOR is a benchmark rate for offering loans to other banks, which of the following is a benchmark rate for willing to take loans in India?
a.  LIBOR
b.  TIBOR
c.  MIBID
d.  None of the above

6.  Expand MIBID
a.  Major Inter-Bank Bid Rate
b.  Mumbai Inter-Bank Bid Rate
c.  Mumbai Inter-Bank Investment Deposit Rate
d.  Major Inter-Bank Investment Deposit Rate

7.  Which of the following products are linked with LIBOR/MIBOR?
a.  Call Money, Notice Money, Term Money
b.  Interest Rate Swaps (IRS)
c.  Forward Rate Agreements, Future Interest Rate
d.  All of the above





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SBI PO 2015 Preliminary Exam Admit Card




SBI PO 2015 Preliminary Exam Admit Card


SBI has released Admit Card / Call Letter of Preliminary Exam (Tier I) for Probationary Officer (PO). Download call letter from the following link -



Download link - Click me





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