Banking awareness quiz 7

Banking awareness quiz
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Q 1)When an NRI has returned from foreign country and if he want to maintain his foregin currency he has to open RFC account ,What is the fullform of RFC ?

Residential foreign currency account
Residnet foreign control account

Residnet foreign currency account
Residential foreign control account

Q 2)What is the minimum denomination for the issue of commercial paper ?

10,000
1.5 lakh
5 lakh
10 lakh

Q 3) What is the maximum amount you will get If your bank goes into liquidation where you have bank account ?

RS 50,000
Rs 1 lakh
Rs 2 lakh
Rs 1.5 lakh

Q 4)The ratio of current and saving account deposits to total deposits is known as ?

CISA ratio
CASA ratio
CASI RATIO
BANK RATIO

Q 5) Which of the following is false ?

Bombay stock exchange was established in the year of 1870

The minimum reserves in foreign exchange required by RBI is Rs 85 crore

Commerical paper is an unsecured money market instrument issued in the form of promissory note

RBI commenced its operations from April 1 ,1935

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