Which is the 1st foreign commercial bank in the country ?

Which is the 1st foreign commercial bank in the country ?
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Answer :

Standard Chartered Bank is the first foreign commercial bank in the country.
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Mark correct option a) The resetting of the credit meter of the franking machine will be done at the POb) Cut out labels with frank impression on them for prepayment of postage cannotbe used for insured articlesc) The 2nd class articles treated as 1st class mail in sorting are Greetins/ Regd Newspapers/ Wedding invitationsd) The duty of taxing postage on foreign articles rest entirely with the office of foreign exchange of the country of postinge) All the above

Description : Mark correct option a) The resetting of the credit meter of the franking machine will be done at the PO b) Cut out labels with frank impression on them for prepayment of postage cannot be used ... articles rest entirely with the office of foreign exchange of the country of posting e) All the above

Last Answer : e) All the above

Under flexible exchange rate system, the exchange rate is determined by - (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies

Description : Under flexible exchange rate system, the exchange rate is determined by - (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies

Last Answer : (2) the forces of demand and supply in the foreign exchange market Explanation: A floating exchange rate is a type of exchange rate regime wherein a currency's value is allowed to ... by the foreign-exchange market through supply and demand for that particular currency relative to other currencies.

Under flexible exchange rate system, the exchange rate is determined by (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies

Description : Under flexible exchange rate system, the exchange rate is determined by (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies 

Last Answer :  the forces of demand and supply in the foreign exchange market

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

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.

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

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

What two basic sources of hybrid Foreign Military Sales and Direct Commercial Sales are?

Description : What two basic sources of hybrid Foreign Military Sales and Direct Commercial Sales are?

Last Answer : Need answer

Open market operations of RBI refer to buying and selling of - (1) Commercial bills (2) Foreign exchange (3) Gold (4) Government bonds

Description : Open market operations of RBI refer to buying and selling of - (1) Commercial bills (2) Foreign exchange (3) Gold (4) Government bonds

Last Answer : (4) Government bonds Explanation: OMOs are the market operations conducted by the Reserve Bank of India by way of sale/ purchase of Government securities to/ from the market with an objective to ... are tight, the RBI will buy securities from the market, thereby releasing liquidity into the market.

Which type of foreign investment is considered as unsafe? (1) Foreign Direct Investment (FDI) (2) Portfolio Investment (3) NRI deposits (4) External commercial borrowing

Description : Which type of foreign investment is considered as unsafe? (1) Foreign Direct Investment (FDI) (2) Portfolio Investment (3) NRI deposits (4) External commercial borrowing

Last Answer : (2) Portfolio Investment Explanation: Portfolio Investments are considered unsafe. These are investments in the form of a group (portfolio) of assets, including transactions in equity securities, such as ... which allows an investor to exercise a certain degree of managerial control over a company.

Which of the following institutions do not hold a banking license? A. Small Banks B. Foreign Banks C. Commercial Banks D. NBFCs

Description : Which of the following institutions do not hold a banking license? A. Small Banks B. Foreign Banks C. Commercial Banks D. NBFCs

Last Answer : D. NBFCs Explanation: Non-banking financial companies, or NBFCs, are financial institutions that provide banking services, but do not hold a banking license. These institutions are not allowed to take deposits from the public.

Which allows banks and other financial institution to auction residential or commercial properties to recover loans? A. Industrial Disputes Act 1947 B. Foreign Exchange Management Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Description : Which allows banks and other financial institution to auction residential or commercial properties to recover loans? A. Industrial Disputes Act 1947 B. Foreign Exchange Management Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Last Answer : D. SARFAESI Act, 2002 Explanation: The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (also known as the SARFAESI Act) is an ... allows banks and other financial institution to auction residential or commercial properties to recover loans.

Which statute governs external commercial borrowing? e) Foreign Exchange Maximization Act, 1972 f) Foreign Exchange Management Act, 1999 g) Foreign Exchange Minimization Act, 2004 h) Foreign Exchange Regulation Act, 1972

Description : Which statute governs external commercial borrowing? e) Foreign Exchange Maximization Act, 1972 f) Foreign Exchange Management Act, 1999 g) Foreign Exchange Minimization Act, 2004 h) Foreign Exchange Regulation Act, 1972

Last Answer : f) Foreign Exchange Management Act, 1999

Which of the following transactions is included in the current account balance of the Balance of payments statement? (a) Foreign direct investments. ; (b) Portfolio investments.; (c) External commercial borrowings. ; (d) Dividends earned on portfolio investments

Description : Which of the following transactions is included in the current account balance of the Balance of payments statement? (a) Foreign direct investments. ; (b) Portfolio investments.; (c) External commercial borrowings. ; (d) Dividends earned on portfolio investments

Last Answer : (d) Dividends earned on portfolio investments

What do you mean by a mixed economy? a) Modern and traditional industries b) Public and private sectors c) Foreign and domestic investments d) Commercial and subsistence farming

Description : What do you mean by a mixed economy? a) Modern and traditional industries b) Public and private sectors c) Foreign and domestic investments d) Commercial and subsistence farming

Last Answer : Answer- b

Open market operations of RBI refer to buying and selling of (1) Commercial bills (2) Foreign exchange (3) Gold (4) Government bonds

Description : Open market operations of RBI refer to buying and selling of (1) Commercial bills (2) Foreign exchange (3) Gold (4) Government bonds

Last Answer : Government bonds

Which type of foreign investment is considered as unsafe? (1) Foreign Direct Investment (FDI) (2) Portfolio Investment (3) NRI deposits (4) External commercial borrowing

Description : Which type of foreign investment is considered as unsafe? (1) Foreign Direct Investment (FDI) (2) Portfolio Investment (3) NRI deposits (4) External commercial borrowing 

Last Answer : Portfolio Investment

Which is the 1st private bank in Bangladesh ?

Description : Which is the 1st private bank in Bangladesh ?

Last Answer : 1st Private Bank in Bangladesh Arab Bangladesh Bank Limited.

Should Consumers Choose 1st PREMIER Bank?

Description : Should Consumers Choose 1st PREMIER Bank?

Last Answer : First PREMIER Bank is a bank based out of Sioux Falls, South Dakota. What First PREMIER is best known for is its offering of credit cards. In fact, First PREMIER is in 10th place for ... very expensive credit cards, this bank offers a number of products and services that consumers can benefit from.

Pakistan State Bank started working on 1st July 1948 with the help of Rs: A. Thirty Millions B. Twenty Millions C. Thirty Five Millions D. None of these

Description : Pakistan State Bank started working on 1st July 1948 with the help of Rs: A. Thirty Millions B. Twenty Millions C. Thirty Five Millions D. None of these

Last Answer : ANSWER: A

Pakistan State Bank started working on 1st July 1948 with the help of Rs: A. Thirty Millions B. Twenty Millions C. Thirty Five Millions D. None of these

Description : Pakistan State Bank started working on 1st July 1948 with the help of Rs: A. Thirty Millions B. Twenty Millions C. Thirty Five Millions D. None of these

Last Answer : ANSWER: A

Shweta deposits a certain amount on 1st January and 1st July (Same amount on both days) in a bank that offers 5% compound interest, compounded half-yearly. Shweta gains interest of Rs.121 at the end of the year. How much money did Shweta deposit? a) 1200 b) 1300 c) 1400 d) 1500 e) 1600

Description : Shweta deposits a certain amount on 1st January and 1st July (Same amount on both days) in a bank that offers 5% compound interest, compounded half-yearly. Shweta gains interest of Rs.121 at the end of the year. How much money did Shweta deposit? a) 1200 b) 1300 c) 1400 d) 1500 e) 1600

Last Answer : Let the amount be P Half yearly rate = 5/2 = 2.5% For the deposit on January, Amount = P (1 + 2.5 / 100)2 For the deposit on July, Amount = P (1 + 2.5 /100) We can solve the question by ... Amount in July = 1600 1.025 = 1640 So total interest = 81 + 40 = 121 Required answer is 1600 Answer: e)

From which of the following banks did Madan Mohan Malaviya take loans for financing "The Hindustan Times"? (SSC CGL 1st Sit. 2013) (a) State Bank of India (b) Punjab National Bank (c) Bank of Maharashtra (d) Bank of Baroda

Description : From which of the following banks did Madan Mohan Malaviya take loans for financing "The Hindustan Times"? (SSC CGL 1st Sit. 2013) (a) State Bank of India (b) Punjab National Bank (c) Bank of Maharashtra (d) Bank of Baroda

Last Answer : (b) Punjab National Bank

1. Where did India play its 1st one day international match? 2. Which is the largest Public Sector Bank in India? 3. If CO2 concentration in the blood increases, what will breathing? 4. If the dew point is below freezing, it is referred to which point? 5. Where are the Relics of Buddha preserved?

Description : 1. Where did India play its 1st one day international match? 2. Which is the largest Public Sector Bank in India? 3. If CO2 concentration in the blood increases, what will breathing? 4. If ... Which type of coal represents the first stage of formation of coal? 20. Which Sikh Guru fought Mughals?

Last Answer : Answer : 1. Headingley 2. State Bank of India 3. Increase 4. Frost point 5. In Stupa 6. By the test of reasonableness 7. 6500 k 8. Badminton 9. Zonda 10. Kalidasa 11. 1948 12. Liver 13. 1959 14. Foehn 15. Karpurmanjari 16. Zinc 17. RBI 18. Gonds 19. Peat 20. Guru Gobind Singh

How much can an Indian citizen save in a foreign bank without the permission of the Reserve Bank ?

Description : How much can an Indian citizen save in a foreign bank without the permission of the Reserve Bank ?

Last Answer : An Indian citizen can save up to লাখ 1 million in a foreign bank without the permission of the Reserve Bank .

Did Alexander Hamilton favored bank notes or taxes on imported foreign goods?

Description : Did Alexander Hamilton favored bank notes or taxes on imported foreign goods?

Last Answer : Need answer

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 !

What is the name of the director Absa Bank Foreign Remittance Department?

Description : What is the name of the director Absa Bank Foreign Remittance Department?

Last Answer : Need answer

Is Dr. Steve O. Louw director of Absa bank foreign remittance department?

Description : Is Dr. Steve O. Louw director of Absa bank foreign remittance department?

Last Answer : Need answer

What is cross rate ? (A) A rate of exchange derived from central bank (B) A rate of exchange between two currencies, other than those that form a market's principal rates (C) A rate of exchange derived from the quotations for buying currencies (D) A rate of exchange quoted by a dealer in foreign exchange for selling currencies

Description : What is cross rate ? (A) A rate of exchange derived from central bank (B) A rate of exchange between two currencies, other than those that form a market's principal rates (C) A rate of ... for buying currencies (D) A rate of exchange quoted by a dealer in foreign exchange for selling currencies

Last Answer : Answer: A rate of exchange between two currencies, other than those that form a markets principal rates

Which one of the following is not a function of the central bank in an economy? (1) Dealing with foreign exchange (2) Controlling monetary policy (3) Controlling government spending (4) Acting as a banker's bank

Description : Which one of the following is not a function of the central bank in an economy? (1) Dealing with foreign exchange (2) Controlling monetary policy (3) Controlling government spending (4) Acting as a banker's bank

Last Answer : (3) Controlling government spending Explanation: A central bank, reserve bank, or monetary authority is a public institution that manages a state’s currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries.

)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 laws including the question of imposition of bank tax (3) the concerns of the foreign investors in India with regard to taxation matters (4) aspects of generation of black money, its transfer abroad and bringing back such money into India's legitimate financial system

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.

Cabinet Committee on Economic Affairs (CCEA) cleared the proposal of Axis Bank for increasing foreign shareholding limit from existing 62 per cent to ____ per cent. A) 70% B) 84% C) 74% D) 65% E) None of these

Description : Cabinet Committee on Economic Affairs (CCEA) cleared the proposal of Axis Bank for increasing foreign shareholding limit from existing 62 per cent to ____ per cent. A) 70% B) 84% C) 74% D) 65% E) None of these

Last Answer : C) 74% Explanation: Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi cleared the proposal of Axis Bank for increasing foreign shareholding limit from existing 62 per cent to 74 per cent.

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.

_________ 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.

To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of India under ________ A. Payment and Settlement Systems (PSS) Act 2007. B. Foreign Exchange Management Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Description : To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of India under ________ A. Payment and Settlement Systems (PSS) Act 2007. B. Foreign ... Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Last Answer : A. Payment and Settlement Systems (PSS) Act 2007. Explanation: To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of ... PSS) Act 2007. Bharat Bill Payment Operating Units (BBPOUs) will be the authorised operational units.

____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

Description : ____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

Last 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.

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.

Which of the following is not a foreign bank working in India 1. HSBC 2. Barclays 3. Yes Bank 4. Standard Chartered5. None of these

Description : Which of the following is not a foreign bank working in India 1. HSBC 2. Barclays 3. Yes Bank 4. Standard Chartered 5. None of these

Last Answer : Yes Bank

________ set up for the purpose of financing, facilitating, and promoting foreign trade of India. A. Repco bank B. SBI C. EXIM bank D. HDFC

Description : ________ set up for the purpose of financing, facilitating, and promoting foreign trade of India. A. Repco bank B. SBI C. EXIM bank D. HDFC

Last Answer : C. EXIM bank

Which of these is not the function of World Bank? (a) To arbitrate on international trade disputes. (b) To help the member countries in the reconstruction and development of their countries. (c) To encourage private foreign investment and credit by guaranteeing repayment. (d) To promote long term balanced growth of international trade.

Description : Which of these is not the function of World Bank? (a) To arbitrate on international trade disputes. (b) To help the member countries in the reconstruction and development of their countries. ... and credit by guaranteeing repayment. (d) To promote long term balanced growth of international trade.

Last Answer : (a) To arbitrate on international trade disputes. 

Which one of the following is not a function of the central bank in an economy ? (1) Dealing with foreign exchange (2) Controlling monetary policy (3) Controlling government spending (4) Acting as a banker’s bank

Description : Which one of the following is not a function of the central bank in an economy ? (1) Dealing with foreign exchange (2) Controlling monetary policy (3) Controlling government spending (4) Acting as a banker’s bank

Last Answer : Controlling government spending

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 laws including the question of imposition of bank tax (3) the concerns of the foreign investors in India with regard to taxation matters (4) aspects of generation of black money, its transfer abroad and bringing back such money into India’s legitimate financial system

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

If Google opened a commercial bank, would you open an account with them?

Description : If Google opened a commercial bank, would you open an account with them?

Last Answer : No I wouldn’t trust them I’d keep all my money under my bed

Write two main functions of a commercial bank. -SST 10th

Description : Write two main functions of a commercial bank. -SST 10th

Last Answer : Accepting deposits from the individuals and providing loans to the entrepreneurs are the two main functions of a commercial bank.

Differentiate between Reserve Bank of India RBI and Commercial Bank. -SST 10th

Description : Differentiate between Reserve Bank of India RBI and Commercial Bank. -SST 10th

Last Answer : Difference between Reserve Bank of India and Commercial Bank :-

Which is the state owned commercial bank ?

Description : Which is the state owned commercial bank ?

Last Answer : BDBL is a state-owned commercial bank.

Which commercial bank is providing services as development partner of the government ?

Description : Which commercial bank is providing services as development partner of the government ?

Last Answer : Sonali Bank Commercial Bank is providing services as development partner of the government.

Which is the first commercial Indian bank for Indians ?

Description : Which is the first commercial Indian bank for Indians ?

Last Answer : The first commercial Indian bank for Indians is the Central Bank of India.

What is one of the major functions of a commercial bank ?

Description : What is one of the major functions of a commercial bank ?

Last Answer : One of the major functions of a commercial bank is to accept deposits.

Anyone heard of Mega International Commercial Bank?

Description : Anyone heard of Mega International Commercial Bank?

Last Answer : Mega International Commercial Bank Co., Ltd: Mega International Commercial Bank has come into being as a result of the merger of The International Commercial Bank of China and Chiao Tung Bank. ... ://en.wikipedia.org/wiki/Mega_International_Commercial_Bank 2. https://www.megabank.com.tw/en/about.asp