____is a Current Account Maintained by one Domestic Bank on behalf of other domestic bank in foreign bank in foreign currency A. BSBDA B. CA C. LORO Account D. Mirror Account E. None of the Above

____is a Current Account Maintained by one Domestic Bank on behalf of other domestic bank in foreign bank in foreign currency A. BSBDA B. CA C. LORO Account D. Mirror Account E. None of the Above
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1 Answer

Answer :

C. LORO Account Explanation: LORO Account is a Current Account Maintained by one Domestic Bank on behalf of other domestic bank in foreign bank in foreign currency.
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Local currency account maintained by a local bank for a foreign (correspondent) bank is termed as _________ A. Nostro Account B. Vostro Account C. LORO Account D. Mirror Account E. None of the Above

Description : Local currency account maintained by a local bank for a foreign (correspondent) bank is termed as _________ A. Nostro Account B. Vostro Account C. LORO Account D. Mirror Account E. None of the Above

Last Answer : B. Vostro Account Explanation: Local currency account maintained by a local bank for a foreign (correspondent) bank is termed as Vostro Account.

Which of the following refers to an account that a bank holds in a foreign currency in another bank? A. Nostro Account B. Vostro Account C. LORO Account D. Mirror Account E. None of the Above

Description : Which of the following refers to an account that a bank holds in a foreign currency in another bank? A. Nostro Account B. Vostro Account C. LORO Account D. Mirror Account E. None of the Above

Last Answer : A. Nostro Account Explanation: Nostro account refers to an account that a bank holds in a foreign currency in another bank.

_________ is an account maintained in foreign currency with an Authorised Dealer Bank. A. Exchange Earners‘Foreign Currency Account B. Exchange Eligible Foreign Currency Account C. Earners‘ Eligible Foreign Currency Account D. Earners‘ Exchange Foreign Currency Account E. Equity Exchange Foreign Currency Account

Description : _________ is an account maintained in foreign currency with an Authorised Dealer Bank. A. Exchange Earners Foreign Currency Account B. Exchange Eligible Foreign Currency Account C. Earners ... Account D. Earners Exchange Foreign Currency Account E. Equity Exchange Foreign Currency Account

Last Answer : A. Exchange Earners‟Foreign Currency Account Explanation: Exchange Earners‘ Foreign Currency Account (EEFC) is an account maintained in foreign currency with an Authorised Dealer Bank (Category – I Bank) in foreign exchange.

By which rate is the domestic current rate of currency converted into foreign currency? A. Bank Rate B. CRR C. Stock Exchange Rate D. Repo Rate E. Exchange Rate

Description : By which rate is the domestic current rate of currency converted into foreign currency? A. Bank Rate B. CRR C. Stock Exchange Rate D. Repo Rate E. Exchange Rate

Last Answer : E. Exchange Rate Explanation: An exchange rate aka a (foreign-exchange rate, forex rate, FX rate or Agio) between two currencies is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country‘s currency in terms of another currency.

What are the other deposit accounts can be opened by an individual in where one holds „Basic Savings Bank Deposit Account‟? A. Fixed Deposit B. Recurring Deposit C. Another BSBDA D. Both A and B E. None of the Above

Description : What are the other deposit accounts can be opened by an individual in where one holds „Basic Savings Bank Deposit Account‟? A. Fixed Deposit B. Recurring Deposit C. Another BSBDA D. Both A and B E. None of the Above

Last Answer : D. Both A and B Explanation: One can have Term/Fixed Deposit, Recurring Deposit etc., accounts in the bank where one holds ‗Basic Savings Bank Deposit Account.

How many Basic Savings Bank Deposit Account(BSBDA) can be opened by an individual? A. One B. Two C. Three D. Four E. None of the Above

Description : How many Basic Savings Bank Deposit Account(BSBDA) can be opened by an individual? A. One B. Two C. Three D. Four E. None of the Above

Last Answer : A. One Explanation: An individual is eligible to have only one ‗Basic Savings Bank Deposit Account‘ in one bank.

What is the minimum initial deposit required for opening a Basic Savings Bank Deposit Account(BSBDA)? A. 500 B. 1000 C. 100 D. No initial deposit

Description : What is the minimum initial deposit required for opening a Basic Savings Bank Deposit Account(BSBDA)? A. 500 B. 1000 C. 100 D. No initial deposit

Last Answer : D. No initial deposit Explanation: There is no requirement for any initial deposit for opening a BSBDA.

Banks can not generally accept interest-free deposits. which of the following is an exception to this rule? A. Current Account B. Savings Account of Minors C. Deposit from Minority groups D. BSBDA E. None of the Above

Description : Banks can not generally accept interest-free deposits. which of the following is an exception to this rule? A. Current Account B. Savings Account of Minors C. Deposit from Minority groups D. BSBDA E. None of the Above

Last Answer : A. Current Account Explanation: Banks cannot accept interest free deposits other than in current account.

Maximum balance in the BSBDA small account should not exceed ______ rupees at any time A. 50000 B. 100000 C. 200000 D. 300000 E. None of the Above

Description : Maximum balance in the BSBDA small account should not exceed ______ rupees at any time A. 50000 B. 100000 C. 200000 D. 300000 E. None of the Above

Last Answer : A. 50000 Explanation: Maximum balance in the BSBDA small account should not exceed fifty thousand rupees at any time.

The Inward Correspondence Register concerning Public Complaints maintained in Record Offices in the Selection Grade should be checked personally by the Record Officer or the Officer authorized in this behalf: (A) Daily (B) One in a week (C) Once in a fortnight (D) Once in a month

Description : The Inward Correspondence Register concerning Public Complaints maintained in Record Offices in the Selection Grade should be checked personally by the Record Officer or the Officer authorized in this behalf: (A) Daily (B) One in a week (C) Once in a fortnight (D) Once in a month

Last Answer : (B) One in a week

BSBDA Small accounts are valid for a period of _________ A. 3 months B. 4 months C. 12 months D. 6 months E. None of the Above

Description : BSBDA Small accounts are valid for a period of _________ A. 3 months B. 4 months C. 12 months D. 6 months E. None of the Above

Last Answer : C. 12 months Explanation: Small accounts are valid for a period of 12 months initially which may be extended by another 12 months if the person provides proof of having applied for an Officially Valid Document.

The ratio of foreign rates to domestic rates measured in the 'same' currency is known as:a) Real exchange rateb) Nominal exchange ratec) Superfluous exchange rated) None of the above

Description : The ratio of foreign rates to domestic rates measured in the 'same' currency is known as: a) Real exchange rate b) Nominal exchange rate c) Superfluous exchange rate d) None of the above

Last Answer : a) Real exchange rate

____is a general purpose high level language: a) C++ b) C c) Java d) None of These

Description : ____is a general purpose high level language: a) C++ b) C c) Java d) None of These

Last Answer : b) C

A ____is a group of devices that store digital data: a) circuits b) register c) bit d) None of The Above

Description : A ____is a group of devices that store digital data: a) circuits b) register c) bit d) None of The Above

Last Answer : b) register

A(n) ____is a document that lets you know what questions to expect when you are testifying. a.written report b.affidavit c.examination plan d.subpoena

Description : A(n) ____is a document that lets you know what questions to expect when you are testifying. a.written report b.affidavit c.examination plan d.subpoena

Last Answer : c.examination plan

An account which is maintained by depositing undistributed parts of profit for future needs is known as ________ A. Savings Account B. Current Account C. Reserve Account D. None of the Above

Description : An account which is maintained by depositing undistributed parts of profit for future needs is known as ________ A. Savings Account B. Current Account C. Reserve Account D. None of the Above

Last Answer : C. Reserve Account Explanation: Funds taken out of earnings to provide for anticipated future payments is called Reserve Account.

The currency notes on behalf of the Central Government are issued by whom ? -SST 10th

Description : The currency notes on behalf of the Central Government are issued by whom ? -SST 10th

Last Answer : The currency notes on behalf of the Central Government are issued by the Reserve Bank of India (RBI) only.

How many saving accounts can be opened by a guardian on behalf of a minor? a) Only one account can be opened on behalf of one minor by one guardian i.e either mother or father b) Only two account can be opened on behalf of one minor by both the father and mother c) No min limit d) None of these

Description : How many saving accounts can be opened by a guardian on behalf of a minor? a) Only one account can be opened on behalf of one minor by one guardian i.e either mother or father b) Only two account can be opened on behalf of one minor by both the father and mother c) No min limit d) None of these

Last Answer : a) Only one account can be opened on behalf of one minor by one guardian i.e either mother or father

Which among the following is correct characteristics about proxy server: a) A proxy server may act as a firewall by responding to input packets in the manner of an application while blocking other packets. b) A proxy server is a gateway from one network to another for a specific network application c) It performs its tasks or functions as a proxy on behalf of the network user; d) All of the Above e) None of These

Description : Which among the following is correct characteristics about proxy server: a) A proxy server may act as a firewall by responding to input packets in the manner of an application while blocking other packets. b) A ... as a proxy on behalf of the network user; d) All of the Above e) None of These

Last Answer : d) All of the Above

What is Foreign Currency Account ?

Description : What is Foreign Currency Account ?

Last Answer : The foreign currency account is the deposit of foreign currency by the native citizens residing abroad. These accounts are conducted in foreign currency.

An ____is a signed document submitted to an officer, where a person makes a sworn statement regarding her personal information. -SST 10th

Description : An ____is a signed document submitted to an officer, where a person makes a sworn statement regarding her personal information. -SST 10th

Last Answer : An Affidavit is a signed document submitted to an officer, where a person makes a sworn statement regarding her personal information.

June is to July as ____is to may?

Description : June is to July as ____is to may?

Last Answer : August

____is used to control the cache with two new control bits not present in the 80386 microprocessor. What are the bits used to control the 8K byte cache? a) CR0, CD, NW b) CR0, NW, PWT c) Control Register Zero, PWT, PCD d) none

Description : ____is used to control the cache with two new control bits not present in the 80386 microprocessor. What are the bits used to control the 8K byte cache? a) CR0, CD, NW b) CR0, NW, PWT c) Control Register Zero, PWT, PCD d) none

Last Answer : d) none

Which one of the following statements is false ? (A) A ‘Demat Share’ is held by the depository on behalf of the investor whereas a ‘Physical Share’ is held by the investor himself (B) There is no stamp duty on the transfer of ‘Demat Shares’ from one account to another (C) The ‘Demat Share’ does not have a folio number, distinctive number or certificate number like a ‘Physical Share’ (D) The ‘Demat Share’ cannot be converted into a ‘Physical Share’

Description : Which one of the following statements is false ? (A) A Demat Share' is held by the depository on behalf of the investor whereas a Physical Share' is held by the investor himself (B) There is no ... number like a Physical Share' (D) The Demat Share' cannot be converted into a Physical Share'

Last Answer : Answer: The ‘Demat Share’ cannot be converted into a ‘Physical Share’

PPF account can be opened a) only one single b) One minor account on behalf of the minor c) A only d) Both the A and B Ans:d 97. Mark the correct option

Description : PPF account can be opened a) only one single b) One minor account on behalf of the minor c) A only d) Both the A and B And B

Last Answer : d) Both the A and B

PPF account can be opened by a) An individual adult can on his own name b) An individual on behalf of minor c) Both the A & B d) None of these

Description : PPF account can be opened by a) An individual adult can on his own name b) An individual on behalf of minor c) Both the A & B d) None of these

Last Answer : c) Both the A & B

The transaction relating to the business managed by the department on behalf of the government are included in -------------------- a. Major account heads b. remittance and debt sections of the account c. None of these

Description : The transaction relating to the business managed by the department on behalf of the government are included in -------------------- a. Major account heads b. remittance and debt sections of the account c. None of these

Last Answer : b. remittance and debt sections of the account

Deposits under Foreign Currency Non-Resident(FCNR) scheme can be accepted for a minimum of________ A. Six months B. Three months C. One year D. 15 days E. None of the Above

Description : Deposits under Foreign Currency Non-Resident(FCNR) scheme can be accepted for a minimum of________ A. Six months B. Three months C. One year D. 15 days E. None of the Above

Last Answer : C. One year Explanation: The deposits should be accepted under the Foreign Currency Non-Resident(FCNR) Scheme for the following maturity periods: One year and above but less than two years Two years ... above but less than four years Four years and above but less than five years Five years only

What is the full form of FCCB? A. Foreign Currency convertible Bond B. Foreign Currency credit Bond C. Financial Consortium and Credit Bureau D. Future Credit and Currency Bureau E. None of the Above

Description : What is the full form of FCCB? A. Foreign Currency convertible Bond B. Foreign Currency credit Bond C. Financial Consortium and Credit Bureau D. Future Credit and Currency Bureau E. None of the Above

Last Answer : A. Foreign Currency convertible Bond Explanation: Foreign currency convertible bonds (FCCBs) are a special category of bonds. FCCBs are issued in currencies different from the issuing company‘s domestic currency. A convertible bond is a mix between a debt and equity instrument.

Deposits under Foreign Currency Non-Resident(FCNR) scheme can be accepted for a minimum of _______ A. 15 days B. 3 months C. 6 months D. 1 year E. 7 days

Description : Deposits under Foreign Currency Non-Resident(FCNR) scheme can be accepted for a minimum of _______ A. 15 days B. 3 months C. 6 months D. 1 year E. 7 days

Last Answer : D. 1 year Explanation: Term Deposit with maturity of minimum 1 year & maximum 5 years can be opened under Foreign Currency Non-Resident(FCNR) scheme.

In International Banking terms,”Appreciation” of Rupee means ________ A. Excess of exports over imports B. Purchasing power of rupee has come down C. Availability of less foreign currency vis-a-vis rupee D. Excess of imports over exports E. Availability of more foreign currency vis-a-vis rupee

Description : In International Banking terms,”Appreciation” of Rupee means ________ A. Excess of exports over imports B. Purchasing power of rupee has come down C. Availability of less foreign currency vis-a-vis rupee D. Excess of imports over exports E. Availability of more foreign currency vis-a-vis rupee

Last Answer : C. Availability of less foreign currency vis-a-vis rupee Explanation: Currency Appreciation refers to increase in the value of domestic currency in terms of foreign currency. The domestic currency becomes more valuable and less of it is required to buy the foreign currency.

A foreign currency denominated bond issued by foreign company in Singapore is known as ______ A. Yankee bond B. Bulldog bond C. Uridashi bond D. Husao bond E. Lion City bond

Description : A foreign currency denominated bond issued by foreign company in Singapore is known as ______ A. Yankee bond B. Bulldog bond C. Uridashi bond D. Husao bond E. Lion City bond

Last Answer : E. Lion City bond Explanation: Lion City bond foreign currency denominated bond issued by foreign company in Singapore.

Under a pegged exchange-rate system, which does not explain why a country would have a balance-of payments deficit? A. Very high rates of inflation occur domestically B. Foreigners discriminate against domestic products C. Technological advance is superior abroad D. The domestic currency is undervalued relative to other currencies

Description : Under a pegged exchange-rate system, which does not explain why a country would have a balance-of payments deficit? A. Very high rates of inflation occur domestically B. Foreigners ... . Technological advance is superior abroad D. The domestic currency is undervalued relative to other currencies

Last Answer : The domestic currency is undervalued relative to other currencies

An EEFC account can be held only in the form of ________ A. Savings Bank Account B. Deposit Account C. Current Account D. Both (B) and (C) E. None of the Above

Description : An EEFC account can be held only in the form of ________ A. Savings Bank Account B. Deposit Account C. Current Account D. Both (B) and (C) E. None of the Above

Last Answer : C. Current Account Explanation: An EEFC account can be held only in the form of a current account. No interest is payable on EEFC accounts.

An EEFC account can be held only in the form of a ________ A. Current Account B. Savings Bank Account C. loan Account D. All of the Above E. None of the Above

Description : An EEFC account can be held only in the form of a ________ A. Current Account B. Savings Bank Account C. loan Account D. All of the Above E. None of the Above

Last Answer : A. Current Account Explanation: An EEFC(Exchange Earners‘ Foreign Currency Account) account can be held only in the form of a current account. No interest is payable on EEFC accounts.

________ is a temporary pass through account held by a third party during the process of a transaction between two parties. A. Savings Bank Account B. Current Account C. Deposit Account D. Escrow Account E. None of the Above

Description : ________ is a temporary pass through account held by a third party during the process of a transaction between two parties. A. Savings Bank Account B. Current Account C. Deposit Account D. Escrow Account E. None of the Above

Last Answer : D. Escrow Account Explanation: Escrow Account: Account in which funds are accumulated for specific disbursements. It is a temporary pass through account held by a third party during the process of a transaction between two parties.

Banks issue a letter to beneficiary on behalf of its constituents like guarantee for making payment on their behalf on fulfilment of its terms and conditions. What is this arrangement known in banking context? A. Line of Credit B. Loan to Client C. Loan on Credit D. Letter of Credit

Description : Banks issue a letter to beneficiary on behalf of its constituents like guarantee for making payment on their behalf on fulfilment of its terms and conditions. What is this arrangement known in banking context? A. Line of Credit B. Loan to Client C. Loan on Credit D. Letter of Credit

Last Answer : D. Letter of Credit Explanation: A letter issued by a bank to another bank (especially one in a different country) to serve as a guarantee for payments made to a specified person under specified conditions.

How much money can be transferred from foreign account to a US bank account?

Description : How much money can be transferred from foreign account to a US bank account?

Last Answer : You can transfer any amount you like from one account to theother - you're only limited to physically carrying cash throughcustoms. It's the same in most countries - electronic transferscreate a ' ... its source.Carrying large amounts of cash without proof of its origin - willget you interrogated !

Reserve Bank of India has made it mandatory on the banks to discontinue the practice of stapling the currency note packets under _______ of the Banking Regulation Act, 1949 A. Section 35A B. Section 25A C. Section 15A D. Section 30A E. None of the Above

Description : Reserve Bank of India has made it mandatory on the banks to discontinue the practice of stapling the currency note packets under _______ of the Banking Regulation Act, 1949 A. Section 35A B. Section 25A C. Section 15A D. Section 30A E. None of the Above

Last Answer : A. Section 35A Explanation: The Reserve Bank of India has made it mandatory on the banks to discontinue the practice of stapling the currency note packets. It has issued a directive to banks under Section 35A of the Banking Regulation Act, 1949.

Paper Money issued on the credit of a bank or government is called ______ A. Commodity Money B. Representative Money C. Fiat Money D. Fiduciary currency E. None of the Above

Description : Paper Money issued on the credit of a bank or government is called ______ A. Commodity Money B. Representative Money C. Fiat Money D. Fiduciary currency E. None of the Above

Last Answer : D. Fiduciary currency Explanation: Fiduciary Money that depends for its value on confidence that it is an accepted medium of exchange. It originated as a paper certificate that was a promise to pay a certain amount of gold or silver to the bearer.

Domestic investment in 2013 is what percent of foreign investment in 2011? a) 176.5% b) 179.7% c) 181.6% d) 183.5% e) 152.3%

Description : Domestic investment in 2013 is what percent of foreign investment in 2011? a) 176.5% b) 179.7% c) 181.6% d) 183.5% e) 152.3%

Last Answer : e) 152.3%

What is the difference between the total domestic investment and the total foreign investment in the year 2011? a) Rs.6400 Crore b) Rs.6200 Crore c) Rs.6600 Crore d) Rs.7000 Crore e) Rs.7100 Crore

Description : What is the difference between the total domestic investment and the total foreign investment in the year 2011? a) Rs.6400 Crore b) Rs.6200 Crore c) Rs.6600 Crore d) Rs.7000 Crore e) Rs.7100 Crore

Last Answer : c) Rs.6600 Crore

The Fair Deal was name, given to ____ programme of Harry Truman. (a) Foreign (b) Security (c) Domestic (d) All of these (e) None of these

Description : The Fair Deal was name, given to ____ programme of Harry Truman. (a) Foreign (b) Security (c) Domestic (d) All of these (e) None of these

Last Answer : (c) Domestic

A partnership between a domestic firm and a foreign firm is known as A)a joint venture. B)an international partnership. C)a multinational enterprise D)licensing. E)exporting

Description : A partnership between a domestic firm and a foreign firm is known as A)a joint venture. B)an international partnership. C)a multinational enterprise D)licensing. E)exporting

Last Answer : A)a joint venture.

An account for which a bank acts as an uninterested third party is termed as _______ A. Savings Account B. Current Account C. Reserve Account D. Escrow Account

Description : An account for which a bank acts as an uninterested third party is termed as _______ A. Savings Account B. Current Account C. Reserve Account D. Escrow Account

Last Answer : D. Escrow Account Explanation: An escrow account is a temporary pass through account held by a third party during the process of a transaction between two parties. Definition: An escrow account ... pass through account held by a third party during the process of a transaction between two parties.

Which of the following percentage of foreign exchange earnings can be credited to the EEFC account? A. 80% B. 90% C. 75% D. 95% E. 100%

Description : Which of the following percentage of foreign exchange earnings can be credited to the EEFC account? A. 80% B. 90% C. 75% D. 95% E. 100%

Last Answer : E. 100% Explanation: under EEFC account, a facility provided to the foreign exchange earners, including exporters, to credit 100 per cent of their foreign exchange earnings to the account. ... have to convert foreign exchange into Rupees and vice versa, thereby minimizing the transaction costs.

When there is an official change in the exchange rate of domestic currency, then it is called (1) Appreciation (2) Depreciation (3) Revaluation (4) Deflation

Description : When there is an official change in the exchange rate of domestic currency, then it is called (1) Appreciation (2) Depreciation (3) Revaluation (4) Deflation

Last Answer : (2) Depreciation Explanation: Revaluation is a calculated adjustment to a country's official exchange rate relative to a chosen baseline. The baseline can be anything from wage rates to the price of gold ... . central bank) can alter the official value of the currency. It is opposite of devaluation.

The balance of payments of a country is in equilibrium when the - (1) demand as well as supply of the domestic currency are the highest (2) demand for the domestic currency is equal to its supply (3) demand for the domestic currency is the highest (4) demand for the domestic currency is the lowest

Description : The balance of payments of a country is in equilibrium when the - (1) demand as well as supply of the domestic currency are the highest (2) demand for the domestic currency is equal to its supply (3) demand for the domestic currency is the highest (4) demand for the domestic currency is the lowest

Last Answer : (2) demand for the domestic currency is equal to its supply Explanation: When the balance of payments (BOP) of a country is in equilibrium, the surplus or deficit is eliminated from the ... currency is equal to its supply. The demand and supply situation is thus neither favourable nor unfavourable.

The balance of payments of a country is in equilibrium when the (1) demand as well as supply of the domestic currency are the highest (2) demand for the domestic currency is equal to its supply (3) demand for the domestic currency is the highest (4) demand for the domestic currency is the lowest

Description : The balance of payments of a country is in equilibrium when the (1) demand as well as supply of the domestic currency are the highest (2) demand for the domestic currency is equal to its supply (3) demand for the domestic currency is the highest (4) demand for the domestic currency is the lowest

Last Answer : demand for the domestic currency is equal to its supply

When there is an official change in the exchange rate of domestic currency, then it is called : (1) Appreciation (2) Depreciation (3) Revaluation (4) Deflation

Description : When there is an official change in the exchange rate of domestic currency, then it is called : (1) Appreciation (2) Depreciation (3) Revaluation (4) Deflation

Last Answer : Revaluation