Banking Awareness Questions

1.What is Future Trading? 

1.It is nothing but a trade between any two stock exchanges wherein it is decided to purchase the stocks of each other at a fixed price throughout the year. 

2.It is an agreement between two parties to buy and sell an underlying asset in the future at a predetermined price. 

3. It is an agreement between a stock exchange that they will not trade the stocks of each other under any circumstances in future or for a given period of time.

only 1 only 2 only 3 All of these

2.Which of the following correctly describes the concept of 'Nuclear Bank' floated by International Atomic Energy Agency?

1. It is nuclear fuel bank to be shared by the entire nation jointly.

2. It is a facility to help nations in enrichment of uranium

3.It is an agency which will keep a close vigil on the nuclear programmer of all the nations

Only 1 Only 2 Both 1 and 3 only Only 3

3.One of the major emphasis of Basel II is that banks should have

Adequate Capital adequacy Ratio Only a few branches in urban centres More and more branches in rural areas Core banking mode of operations

4.The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form

Reserve Bank of India Imperial Bank of India Bank of India Union Bank

5.The period of twelfth 'Five-year plan' of India is

2009- 2014 2008- 2013 2007 - 2012 2012 - 2017