Banking Awareness Questions

1.The “bank rate “ is

free to fluctuate according to the forces of demand and supply set by the Reserve Bank of India set by the Reserve Bank of India as directed as directed by the Union Ministry of Finance Set by the Reserve Bank of India as directed as directed by the Indian Banks’ Association

2.The term “exchange arbitrage “ is the

arbitration of exchange disputes simultaneous buying selling of foreign exchange to make a profit because interest rates vary in different countries simultaneous purchase of a currency in one market and its sale in another market wit a view to realize profit buying of foreign currency to realize a future profit when it appreciates

3.The law regarding negotiable instruments is contained in

The Bill of Exchange Act, 1881 The Banking Regulation Act, 1949 The Cheques Act, 1881 The Negotiable Instruments Act, 1881

4.“Black Revolution “ is associated with

Tea plantation Coffee Plantation Rubber Plantation Printing Ink

5.“Channel Financing” means:

Financing of supply-delivery chain, i.e. dealer of identified large corporate entities financed by banks Laying of agriculture canals Financing through NBFCs None of the above