Banking Awareness Quiz for today :-
Q1. BIS stands for:
a) Bank Information Settlements
b) Bank for International Standardization
c) Bank for International Settlements
d) None of The Above
Q2. Head office of BIS is situated at:
a) Geneva, Switzerland
b) Basel, Switzerland
c) Amsterdam, Netherlands
d) None of The Above
( Point to be Remember - Geographical name of Netherlands is Holland Like India is Bharat)
Q3. The Two representative offices of BIS are situated at:
a) Hong Kong and Mexico City
b) New Delhi and Islamabad
c) Washington D.C. and Nairobi
d) None of The Above
Q4. Which among the following is mission of BIS:
a) fostering discussion and facilitating collaboration among central banks
b) supporting dialogue with other authorities that are responsible for promoting financial stability
c) carrying out research and policy analysis on issues of relevance for monetary and financial stability
d) acting as a prime counter party for central banks in their financial transactions
e) Serving as an agent or trustee in connection with international financial operations
f) All of the Above
g) None of The Above
Q5. Actually BIS was established on:
a) 17 May, 1930
b) 17 May, 1931
c) 17 May, 1932
d) None of The Above
Q6. The number of central banks which are member of BIS are ______:
a) 70
b) 60
c) 80
d) None of The Above
Q7. Which among the following is not the member of BIS:
a) Sri Lanka
b) Pakistan
c) Nepal
d) Bangladesh
e) All of The Above
f) None of The Above
Q8. BIS was established due to:
a) The Bretton Woods Conference of 1930
b) The Hague Agreements of 1930
c) Both of The Above
d) None of The Above
Q9. SDR stands for:
a) Specific Draft Rights
b) Special Deposits Rights
c) Special Drawing Rights
d) None of The Above
Q10. Since ______, the BIS has published its accounts in terms of special drawing rights (SDRs):
a) 2005
b) 2004
c) 2006
d) None of The Above
Q11. ______is known as bank for central banks:
a) BIS
b) World Bank
c) IMF
d) None of The Above
Q12. Which among the following is correct about BIS:
a) BIS does not provide financial services to Individuals
b) BIS does not provide financial services to Corporations
c) BIS was created to administer the transaction of monies according to the Treaty of Versailles
d) All of The Above
e) None of The Above
Q13. General Manager of BIS is:
a) Christine Medeleine Odette Lagarde
b) Jaime Caruana
c) Jim Yong Kim
d) None of The Above
Q14. In _______the Basel Committee on Banking Supervision proposed a new capital adequacy framework to replace the current Basel Accord:
a) June, 1999
b) June, 2000
c) June, 2001
d) None of The Above
Q15. After replacing the current Basel Accord in June 1999 which was the new pillar for proposed framework:
a) Minimum Capital Requirements
b) Supervisory Review
c) Market Discipline
d) All of The Above
