Banking Awareness : Quiz 09
Banking Awareness : Quiz 09
Q.1) For stepping up the rate of economic development ______plans have been formulated:
a) 3 Years
b) 5 years
c) 10 Years
d) None of These
Q.2) The objectives of fiscal policy such as economic development, price stability, social justice etc. can be achieved only if the which of following tools of policy are effectively used:
a) Public Expenditure and Taxation
b) Borrowing and Deficit Financing
c) All of the Above
d) None of These
Q.3) The bank with which credit is available (to seller) called ______:
a) Delegated Bank
b) Nominated Bank
c) Any Bank
d) None of The Above
Q.4) If no bank is mentioned in the credit as nominated bank, then:
a) penalty can occur
b) all banks are nominated
c) cancellation of letter of credit
d) None of The Above
Q.5) Which among the following is correct about term ‘Revocable’ in Letter of Credit:
a) If buyer and Issuing Bank that established the Letter of Credit manipulate the Letter of Credit.
b) Any corrections made without informing or getting permission from the seller.
c) All LCs are irrevocable (Type of LC is obsolete).
d) All of The Above
Q.6) Which is correct about Irrevocable letter of credit:
a) only allows change or cancellation of the letter of credit by issuing bank with approval by the beneficiary.
b) All letters of credit governed by the current UCP are irrevocable letter of Credit.
c) Both of The Above
d) None of The Above
Q.7) Which among the following is correct about membership of ‘World Bank’:
a) 188 Countries (187 UN countries and Kosovo)
b) 188 Countries (187 UN countries and Monaco)
c) 188 Countries (187 UN countries and Vatican City)
d) None of The Above
Q.8) World Bank Group get its formal existence on:
a) 27 September, 1945
b) 27 October, 1945
c) 27 December, 1945
d) None of The Above
Q.9) The president is selected by the board of executive directors for a ____year, renewable term:
a) 5 Year
b) 3 Year
c) 4 Year
d) None of The Above
Q.10) The Executive Directors make up the ‘Board of Directors’ of the World Bank. They normally meet at least ______a week to oversee the bank’s business, including approval of loans and guarantees, new policies, the administrative budget, country assistance strategies and borrowing and financial decisions:
a) Thrice
b) Twice
c) Once
d) None of The Above
Q.11) The president of World Bank between (June 1946 – December 1946) was:
a) John J. McCloy
b) Eugene Meyer
c) James Wolfensohn
d) None of The Above
Q.12) Syndicate Bank was established in _____ in Udupi:
a) 1926
b) 1900
c) 1925
d) None of These
Q.13) Who among the following founded the Syndicate Bank:
a) Upendra Ananth ( A businessman)
b) Vaman Kudva (An engineer)
c) T M A Pai (A physician)
d) All of the Above
Q.14) MD and CEO of Syndicate Bank is:
a) Arun Shrivastava
b) Animesh Chauhan
c) T K Shrivastava
d) None of These
Q.15) Headquarter of Syndicate Bank is now situated at:
a) Shimla, Himachal Pradesh
b) Dispur, Assam
c) Manipal, Karnataka
d) None of These
