GK and Banking Awareness

1.The Infrastructure Development Bank of India has its Headquarter in

New Delhi Mumbai Bangalore (Bengluru) Kolkata

2.The guarantor of a customer's account has the right to

inspect of a customer's account has the right be provided with the statement of the account be informed only about the extent of his liability be provided with all the information about the way the account is conducted

3.The term "Balance of Trade" means

A point where the values of imports and exports are equal The term is used with reference to bilateral trade agreements with the countries of CIS Block the difference between the cost of the imports and exports of a country the difference between the total of transactions with foreign countries in trade, services and capital

4.The term "bank money" is used to denote

loans and advances granted by the commercial banks demand deposits used as money, i.e., deposits withdrawable by cheques loans granted by the Reserve Bank of India to the commercial banks money provided by the Reserve Bank of India to the Government

5."Multi - Currency basket" means

a number of international currencies to which the value of SDRs is linked selected international currencies to which the value of Asian Monetary Unit is linked number of major international currencies to which the external value of the Indian rupree is linked the name given to a group of West European currencies