Banking and Finance (Bank-PO General-Awareness): Questions 497 - 501 of 620

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Question number: 497

» Banking and Finance

Appeared in Year: 2014

MCQ▾

Question

Exim Bank has extended $7.76 mn line of credit to ________.

Choices

Choice (4) Response
a.

American bank

b.

Cuban Bank

c.

Japanese bank

d.

Korean bank

Question number: 498

» Banking and Finance

Appeared in Year: 2014

MCQ▾

Question

What purpose does the MICR number, which is present on a cheque, serve? (IBPS PO)

Choices

Choice (4) Response
a.

It is used to identify the genuineness of the cheque

b.

It is used to identify the bank branch

c.

It is nothing but a type of cheque number

d. Both a. and b. are correct

Question number: 499

» Banking and Finance

MCQ▾

Question

In broad outline, which among the following is not a way in which Bank For International Settlements pursues its mission?

Choices

Choice (4) Response
a.

Serving as an agent or trustee in connection with international financial operations.

b.

Acting as a prime counterparty for central banks in their financial transactions; and

c.

Promoting discussion and facilitating collaboration among international cooperative banks

d.

Supporting dialogue with other authorities that are responsible for promoting financial stability

Question number: 500

» Banking and Finance

MCQ▾

Question

Who has been appointed as non-executive Chairman of Credit rating agency ICRA?

Choices

Choice (4) Response
a.

Arun Duggal

b.

Bharat Doshi

c.

Shyam Srinivasan

d.

Romesh Sobti

Question number: 501

» Banking and Finance

MCQ▾

Question

A currency whose exchange rate tends to fall because of persistent balance of payment deficit is known as ________.

Choices

Choice (4) Response
a.

Gold Currency

b.

Soft Currency

c.

Hard Currency

d. Question does not provide sufficient data or is vague

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