Description : A financial instrument is called a 'primary security' if ii represents the liability of : (1) some ultimate borrower (2) the Government of India (3) a primary cooperative bank (4) a commercial bank
Last Answer : (1) some ultimate borrower Explanation: Instruments (certificates) issued by the ultimate borrower are called primary securities. Instruments issued by intermediaries on behalf of the ultimate borrower are ... the business / project of the borrower for which the credit facility has been extended.
Description : Bank rate is that rate on which - (1) Any bank lends money to an individual (2) State Bank of India gives loan to the rural banks (3) Central Bank of Country lends money to the commercial banks (4) Rural bank gives loan to cooperative societies
Last Answer : (3) Central Bank of Country lends money to the commercial banks Explanation: Bank rate, also referred to as the discount rate, is the rate of interest which a central bank charges on the loans and ... reserve bank, while the repo rate is the rate at which the banks borrow from the central bank.
Description : Bank rate is that rate on which– (1) Any bank lends money to an individual (2) State Bank of India gives loan to the rural banks (3) Central Bank of Country lends money to the commercial banks (4) Rural bank gives loan to cooperative societies
Last Answer : Central Bank of Country lends money to the commercial banks
Description : Refinance facility is provided by NABARD. Which institutins can avail it. (a) Commercial Bank. (b) Regional Rural Banks. © State Cooperative Banks. (d) All of the above.
Last Answer : (d) All of the above.
Description : During last five years, which of the following Institutions have extended the largest amount of fresh credit for agriculture in India among all the institutions given in the list ? (A) ... Cooperative Banks (D) Primary Agricultural Credit Societies (E) Regional Rural Banks and Local Area Banks
Last Answer : (E) Regional Rural Banks and Local Area Banks
Description : In India, which bank has the highest share in the disbursement of credit to agriculture and allied activities? a) Cooperative Banks b) Regional Rural Banks c) Commercial Banks d) Microfinance institutions
Last Answer : Answer- c
Description : A provision in some loans that allows the borrower to change the interest rate from fixed to variable or Vice Versa is termed as __________ A. Convertible Bond B. Convertible Clause C. Convertible Security D. None of the Above
Last Answer : B. Convertible Clause Explanation: A provision that can be found on some bonds allowing the bondholder to exchange their debt into common stock.
Description : Which of the following is not an apex institution? (a) SIDBI. (b) NABARD. © SBI. (d) State Cooperative Bank.
Last Answer : © SBI.
Description : What is Infinite Liability Cooperative Society ?
Last Answer : Infinite Liability Co-operative Society is a type of co-operative organization where the liability of the members is not limited by their purchased shares or in any other way. The members ... collectively responsible for the debts of the association. Such associations are not seen in Bangladesh.
Description : What happens if you make your final mortgage payment but the primary borrower on the mortgage is deceased?
Last Answer : It is not a matter of who is on the note, it is who is on the deed. This would probably change according to state laws. The house might have needed to go into probate upon the holder of the deed’s death. In some states it just automatically goes to the spouse (in the absence of a will.)
Description : A principal purpose of a letter of representation from management is to a. Remind management of its primary responsibility for financial statements. b. Serve as an introduction to company personnel and ... . d. Confirm in writing management's approval of limitations on the scope of the audit
Last Answer : Remind management of its primary responsibility for financial statements.
Description : A principal purpose of a letter of representation from management is to a. Serve as an introduction to company personnel and an authorization to examine the records. b. Discharge the auditor ... the scope of the audit. d. Remind management of its primary responsibility for financial statements.
Description : A type of loan, where the bank or the lending institution provides the borrower with a loan that helps the borrower to pay off his all previous debts is termed as ________ A. Debt Recovery B. Debt Settlement C. Debt Management D. Debt Consolidation
Last Answer : D. Debt Consolidation Explanation: Debt consolidation is a form of debt refinancing that entails taking out one loan to pay off many others.
Description : A prospect means 1. any customer who walks into the bank 2. an employee of the bank 3. a customer who is likely to be interested in bank's product or service 4. a depositor of the bank 5. a borrower of the bank
Last Answer : a customer who is likely to be interested in bank's product or service
Description : Name the Cooperative that provides milk, vegetable and pulses at controlled rate decided by government of Delhi: a. Amul b. Kendriya Bhandar c. Mother Dairy d. None of these.
Last Answer : c. Mother Dairy
Description : Regional Rural Banks arc sponsored by (1) Nationalized Commercial Bank (2) Reserve Bank of India (3) State Bank of India (4) Government of India
Last Answer : (1) Nationalized Commercial Bank Explanation: The Narasimham committee conceptualized the foundation of regional rural banks in India. Five regional rural banks were set up on October 2. 1975. There ... Bank. United Bank of India and United Commercial Bank, which sponsored the regional rural banks.
Description : Regional Rural Banks are sponsored by (1) Nationalised Commercial Bank (2) Reserve Bank of India (3) State Bank of India (4) Government of India
Last Answer : Nationalised Commercial Bank
Description : )The government set up a committee headed by the Chairman, Central Board of Direct Taxes some time back to go into - (1) codification of tax laws (2) the entire structure of tax ... generation of black money, its transfer abroad and bringing back such money into India's legitimate financial system
Last Answer : (4) aspects of generation of black money, its transfer abroad and bringing back such money into India's legitimate financial system Explanation: The Central Board of Direct Taxes (CBDT) ... steps to prevent generation of illicit funds through transactions in property, bullion and equity market.
Description : The government set up a committee headed by the Chairman, Central Board of Direct Taxes some time back to go into - (1) codification of tax laws (2) the entire structure of tax ... generation of black money, its transfer abroad and bringing back such money into India's legitimate financial system
Last Answer : aspects of generation of black money, its transfer abroad and bringing back such money into India’s legitimate financial system
Description : The monetary policy is India is formulated by - (1) Central Government (2) Industrial Financial Corporation of India (3) Reserve Bank of India (4) Industrial Development Bank of India
Last Answer : (3) Reserve Bank of India Explanation: Monetary policy is the process by which monetary authority of a country, generally a central bank controls the supply of money in the economy by exercising its control ... Bank of India (RBI). is so designed as to maintain the price stability in the economy.
Description : The monetary policy is India is formulated by (1) Central Government (2) Industrial Financial Corporation of India (3) Reserve Bank of India (4) Industrial Development Bank of India
Last Answer : Reserve Bank of India
Description : In monetary terminology, what is called the 'monetary base' or 'high powered money'? a) the total assets of RBI b) the total liability of RBI c) the total debt of the government d) the total foreign exchange of RBI
Last Answer : b) the total liability of RBI This includes the currency (notes and coins in circulation and vault cash of commercial banks) along with the deposits held by the Government of India ad commercial banks with RBI.
Description : Excerpt from Part One of which book: People today face this persistent question in new and pressing ways. Communities are exposed to the risks of uncertainty, and suffer the grave consequences of ... the ultimate solution to the problem of the proper instrument of government Fill up the blank
Last Answer : Green.
Description : Bank Rate refers to the interest rate at which - (1) Commercial banks receive deposits from the public (2) Central bank gives loans to Commercial banks (3) Government loans are floated (4) Commercial banks grant loans to their customers
Last Answer : (2) Central bank gives loans to Commercial banks Explanation: Bank rate is the interest rate at which a nation's central bank lends money to domestic banks. Often these loans are very short in duration.
Description : In the hand instrument formula, 13-80-8-14, the number 14 represents the a. width of the blade b. blade length c. blade angle d. primary cutting edge angle e. none of the above.
Last Answer : c. blade angle
Description : Which of the following cannot be called as a debt instrument as referred in financial transactions? A. Certificate of Deposits B. Bonds C. Stock D. Commercial Paper
Last Answer : C. Stock Explanation: Debt instruments are assets that require a fixed payment to the holder, usually with interest. Examples of debt instruments include bonds (government or corporate) and mortgages.
Description : Which one of the following does not deal with export promotion? (1) Trade Development Authority (2) Mineral and Metal Trading Corporation (3) Cooperative Marketing Societies (4) State Trading Corporation of India
Last Answer : (3) Cooperative Marketing Societies Explanation: Cooperative marketing is just an extension and application of the philosophy of cooperation in the area of agricultural marketing. It is a process of ... between the producer and the consumer, thus getting the maximum price for their produce.
Description : Which one of the following does not deal with export promotion? (1) Trade Development Authority (2) Minerals and Metals Trading Corporation (3) Cooperative Marketing Societies (4) Slate Trading Corporation of India
Last Answer : (3) Cooperative Marketing Societies Explanation: According to the Reserve Bank of India, co-operative marketing is a co-operatove association of cultivators formed primarily for the purpose of helping ... based. The commodity-based societies related to grapes, oranges, banana, pomegranate, etc.
Description : In which state of India the famous cooperative AMUL is situated? a. Gujarat b. Maharashtra c. Delhi d. M P.
Last Answer : a. Gujarat
Description : Indian Farmers Fertiliser Cooperative Limited, also known as IFFCO, is a small-scale fertiliser cooperative federation based in India which is registered as a Multistate Cooperative Society. Where is its headquarters? a. Nagpur b. New Delhi c. Hissar d. Bathinda
Last Answer : b. New Delhi
Last Answer : Cooperative Marketing Societies
Description : Which of the following can issue commercial paper for raising short term funds? A. Corporates B. Primary Dealers C. All-India Financial Institutions D. Both (B) and (C) E. All of the Above
Last Answer : E. All of the Above Explanation: A Commercial Paper (CP) is an unsecured money market instrument issued as a promissory note. It is a short-term funding tool that highly rated ... -India financial institutions (AIFIs) can use, typically to meet shortterm funding and working capital requirements.
Description : Distribution of food rains operates under a two her system with the introduction of - (1) Targetted Public Distribution System (2) The Consumers Cooperatives (3) The Cooperative Marketing Societies (4) The Service Cooperatives
Last Answer : (1) Targetted Public Distribution System Explanation: The Targeted Public Distribution System (TPDS) replaced the erstwhile PDS from June 1997. Under the new system a two tier subsidized pricing system was introduced to benefit the poor.
Description : The Mother Dairy is an important Cooperative in: a. Gujarat b. Punjab c. Haryana d. Delhi
Last Answer : d. Delhi
Description : The Mother Dairy is an important cooperative in . (a) Gujarat (b) Punjab (c) Haryana (d) Delhi
Last Answer : (d) Delhi
Description : Revamped Public Distribution System provides benefits to: (a) cities (b) remote and backward areas (c) self-help groups (d) cooperative societies
Last Answer : (b) remote and backward areas
Description : P D S is associated with: (a) fair price shops (b) cooperative stores (c) super bazars (d) none of the above
Last Answer : (a) fair price shops
Description : Krishak Bharati Cooperative Limited (KRIBHCO) is headquartered at? a. A Nagpur b. B Meerut c. C Jalandhar d. D Noida
Last Answer : d. D Noida
Description : Distribution of food rains operates under a two tier system with the introduction of (1) Targetted Public Distribution System (2) The Consumers Cooperatives (3) The Cooperative Marketing Societies (4) The Service Cooperatives
Last Answer : Targetted Public Distribution System
Description : Which of the below-mentioned institutes are linked with the financial sector of India controlled by the Reserve Bank of India (RBI)? a) Commercial Bank b) Money Lenders c) Stock Exchange Operations d) All the above
Description : Money supply is governed by the - (1) Planning Commission (2) Finance Commission (3) Reserve Bank of India (4) Commercial Banks
Last Answer : (3) Reserve Bank of India Explanation: In economics, the money supply or money stock, is the total amount of monetary assets available in an economy at a specific time. It is governed and ... Reserve Bank of India regulates money supply in India through its several policy rates and reserve ratios.
Description : A commercial bank law creates credit only if it has - (1) Cash in the vault (2) Excess reserves (3) Permission of Reserve Bank of India (4) (4) Cooperation of other banks
Last Answer : (1) Cash in the vault Explanation: A commercial bank is a profitseeking business, dealing in money and credit. It is a financial institution dealing in money in the sense that it accepts deposits of ... received as the deposits to needy people. So it creates credit from the cash deposits with it.
Description : Money supply is governed by the (1) Planning Commission (2) Finance Commission (3) Reserve Bank of India (4) Commercial Banks
Description : A commercial bank law creates credit only if it has (1) Cash in the vault (2) Excess reserves (3) Permission of Reserve Bank of India (4) Cooperation of other banks
Last Answer : Cash in the vault
Description : The indorser is excluded from his liability for dishonour of instrument towards his subsequent holder in case of A. Sans Recourse Endorsement B. Facultative Endorsement C. Sans Frais Endorsement D. None of the above.
Last Answer : B. Facultative Endorsement
Description : Tertiary food processing is the commercial production of what is commonly called? A. Primary food processing B. Secondary food processing C. Processed food D. Food processing
Last Answer : C. Processed food
Description : Which bank is called lender of the last resort? (a) Agricultural bank. (b) Industrial bank. © Commercial bank. (d) Central bank.
Last Answer : (d) Central bank.
Description : Which bank is called lender of the last resort? (a) Agricultural bank (b) Industrial bank © Commercial bank (d) Central bank
Last Answer : (d) Central bank