Banking and Insurance Quiz

1."Funded debt" means

all Government securities which are marketable on the stock exchange market 

all Government debt which is not marketable on the stock exchange market 

Government borrowings guaranteed by the Government 

Institutional borrowings guaranteed by the Government

2."Free port" denotes

a port where there are no restrictions on incoming and outgoing vessels 

a port where no licence is required for import of goods

a port which allows entry to goods without payment of import duty 

a port which allows free entry to goods which are to be re-exported

3."Free trade area" denotes

a group of countries which have decided to impose no duties of any kind on their imports 

a group of countries which have decided to impose no duties of any kind on imports from other members of the group 

an area where there are no restrictions of any kind on the trading activities 

an area where trade is free from kind of taxes

4."Floating debt" denotes

Government securities with no definite rate of redemption, but which may be redeemed any time at the discretion of the Government

that part of the public debt which consists of short- term borrowings by the Government 

Government securities which continue changing hands 

Government securities whose date of maturity falls within next five years

5."Treasury bills" means

salary bills drawn by Government officials on the treasury 

bills drawn by the Government contractors and other supplies on the treasury for the dues owed to them by the Government 

obligations of the Government of India issued by the Reserve Bank of India and payable normally ninety-one days after issue a node of drawings by the Treasury Officer on the Reserve Bank of India