1. RBI allowed the Indian companies to issue ________ to nonresident Share holders as bonus.
a. Convertible preference shares
b. Convertible non preference shares with penalty
c. Non Convertible preference shares as bonus
d. Irredeemable preference shares
e. All of these
2. Which of the following is ‘material alteration’ of a negotiable instrument?
a. Converting an order cheque to bearer cheque
b. Converting a bearer cheque to order cheque
c. Crossing of an uncrossed cheque
d. Writing an amount on a blank cheque
e. Putting a signature on the back of a cheque
c. Crossing of an uncrossed cheque
d. Writing an amount on a blank cheque
e. Putting a signature on the back of a cheque
3. What is the full form of the term PMI? It is an indicator of business activity_________ both in the manufacturing and services sectors.
a. Purchasing Market Index
b. Purchasing Management Index
c. Purchasing Monitors' Index
d. Purchasing Managers' Index
e. None of these
4. The European Central Bank announced to permanently discontinue production of 500euro bill recently. The ECB is headquartered at_________
a. London, UK
b. Rome, Italy
c. Madrid, Spain
d. Frankfurt, Germany
e. Paris, France
5. ASBA (Application Supported by Blocked Amounts) used with the help of banks associated with ____________
a. Capital market
b. Loans
c. World Bank Grants
d. Ponzi Schemes
e. Share Market
6. While discussing investments, there is a mention of short term government security. What is this a. investment?
a. Debenture
b. Mutual Funds
c. Treasury Bill
d. Share
e. Subsidiaries
7. Which of the following domestic card schemes was created to fulfill the Reserve Bank of India’s desire to have a domestic, open loop, and multilateral system of payments in India?
a. RuPay
b. PayPal
c. BitCoin
d. RuPee
e. None
8. RBI has recently allowed banks to provide loans with tenures of up to ___________ years to exporters to help them ensure capital flows to fulfill long term contracts.
a. 8
b. 5
c.10
d. 4
e. 9
9. What is meant by Public Sector Bank ?
a. The bank run by the government having the Directors elected by the public
b. Banks should not sell the shared to public
c. Government of India or RBI or both have the least shares of 51% in that bank
d. More people visit these banks
e. These banks distribute free money to public
10. Under the RTGS the beneficiary branches receive the funds as soon as funds are transferred by the remitting bank.As per RBI guidelines the beneficiary bank is expected to credit the beneficiary’s account within_______
a. Six hours of receiving the funds transfer message
b. A few seconds of receiving the funds transfer message
c. Twenty Four hours of receiving the funds transfer message
d. Forty Eight hours of receiving the funds transfer message
e. Half an hours of receiving the funds transfer message
2. Converting an order cheque to bearer cheque
3. Purchasing Managers' Index
4. Frankfurt, Germany
5. Capital market
6. Treasury Bill
7. RuPay
8. 10
9. Government of India or RBI or both have the least shares of 51% in that bank
10. half an hours of receiving the funds transfer message
