Banking Awareness : Quiz 26
Banking Awareness : Quiz 26
Q.1) Banking Ombudsman is appointed by __________:
a) Central Finance Minister
b) Reserve Bank of India
c) SEBI
d) None of The Above
Q.2) Which among the following is incorrect:
a) Banking Ombudsman is a senior official appointed by RBI.
b) The Offices of Banking Ombudsman is mostly situated at State Capitals.
c) All Scheduled Commercial Banks, Regional Rural Banks and Scheduled Primary Co operative Banks are covered under the Banking Ombudsman Scheme
d) None of The Above
Q.3) Banking Ombudsman is appointed for:
a) handling and redress banks complaints against customers’ behavior
b) handling and redress customer complaints against deficiency in certain banking services
c) providing decision on important banking operations like – CRR, SLR and MSF etc.
d) None of The Above
Q.4) Most Letter of Credit often used in International Trade. Letters of Credit are governed by rules promulgated by the:
a) International Chamber of Commerce
b) Uniform Customs and Practice for Documentary Credits
c) Both of The Above
d) None of The Above
Q.5) Letter of Credit is beneficial for which party:
a) Seller (Exporter)
b) Buyer (Importer)
c) Both of The Above
d) None of The Above
Q.6) Letter of Credit are usually issued by:
a) B1anks
b) Financial Institutions
c) Both of Above
d) None of The Above
Q.7) Besides the Banks and Financial Institutions, Letter of Credit can be issue by:
a) Insurance Companies
b) Mutual Funds
c) Both of Above
d) None of The Above
Q.8) Which among the following definitions are wrong:
a) Beneficiary – The company or individual who will receive the payment from buyer.
b) Issuing Bank – The bank which issues letter of credit to seller party
c) Advising Bank – (The bank where seller wants receipt of payment)
d) All of The Above
e) None of The Above
Q.9) A _____letter of credit allows the beneficiary to receive partial payment before shipping the products or performing the services. Originally these terms were written in red ink, hence the name. In practical use, issuing banks will rarely offer these terms unless the beneficiary is very creditworthy or any advising bank agrees to refund the money if the shipment is not made:
a) Simple
b) Red Clause
c) Black
d) None of The Above
Q.10) WTO stands for:
a) World Territory Organization
b) World Trade Organization
c) World Task Organization
d) None of The Above
Q.11) The last and largest GATT round, was the _____round:
a) Tokyo Round
b) Geneva Round
c) Uruguay
d) None of The Above
Q.12) Headquarter of GATT was:
a) Geneva, Switzerland
b) Nairobi, Kenya
c) Amsterdam, Netherlands
d) None of The Above
Q.13) Now, headquarter of WTO is located at:
a) Washington. D.C.
b) Geneva, Switzerland
c) Willington, New Zealand
d) None of The Above
Q.14) Which among the following is the main pillars for the WTO:
a) Agreement on Trade Related Aspects of Intellectual Property Rights (TRIPS)
b) General Agreement on Trade in Services
c) Both of The Above
d) None of The Above
Q.15) Which among the following is not an agency of United Nations:
a) International Monetary Fund
b) International Bank for Reconstruction and Development
c) World Trade Organization
d) None of The Above
