1.The creation of over the counter exchange of India (OTC) would help the introduction of a multi-tiered
Exports
Securities
Small Scale Industries
Housing
2.Truncation of cheque means
The cheque in the paper form will be retained by the collecting banker and he will submit only a computerised statement to the Clearing House
Entire clearing operations would be done only through computers
Cheque will be scanned and the electronic image, instead of physical cheque, will be transmitted in the clearing cycle
Debiting the drawer's account through internet banking
3.What is a convertible Bond?
It is a mix of Debt and Equity
Bond holder has an option to convert debt into equity on a fixed date
The conversion price is predetermined
All of the above
4.What are External commercial Borrowings?
Indian companies can borrow on global market through Bank loan or issue of debt paper
The debt can be repaid by reconversion of rupee funds into foreign currency
A and B both
None of the above
5.What is Gilts?
Securities issued by government or Treasuries
They do not have any credit Risk
A and B both
None of the above
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