Banking and Finance (Bank-PO General-Awareness): Questions 357 - 359 of 620

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Question number: 357

» Banking and Finance

MCQ▾

Question

Money laundering occurs in three stages which includes placement, layering and Integration. Which statement/statements clearly defines the process fo “Layering”?

Choices

Choice (4) Response

a.

It refers to the initial point of entry for funds derived from any criminal activities

b.

It refers to the return of funds to the legitimate economy for later extraction

c.

It refers to the creation of a complex network of transactions which attempts to obsure the link between the initial point & the end of the laundry cycle.

d.

Question does not provide sufficient data or is vague

Question number: 358

» Banking and Finance

MCQ▾

Question

What are interest rate swaps?

Choices

Choice (4) Response

a.

Both the party pays floating interest rate.

b.

Both the party pays same interest rate.

c.

Both the party pays floating/fixed interest rate.

d.

None of the above

Question number: 359

» Banking and Finance

MCQ▾

Question

Inflationary trend in the economy is Increasing trend in the pricing of banking services. Trend inflation is tied to the behavior of monetary policy, while short-run fluctuations of inflation around trend reflect price setting dynamics, external shocks, and monetary policy.

Choices

Choice (4) Response

a.

Board for Industrial and Financial Reconstruction

b.

Bureau for Industrial and Financial Revolution

c.

Board for Investment and Format Reconstruction

d.

Board for Investment and Financial Redevelopment

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