Banking awareness quiz 29

Banking awareness quiz
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Q 1)AMFI is an industry standards organisation in India in the mutual funds sector,What is the full-form of AMFI ?

Act of Mutual Funds in India
Assignment of Mutual Funds in India
Association of Mutual Funds in Industry
Association of Mutual Funds in India

Q 2)Which of the following is false ?

RBI request to commercial banks not to give loans for unproductive purpose which does not add to economic growth but increases inflation is known as 'Moral Suasion'

the cheque is returned by the bank with the reason "funds insufficient" or "Exceeds arrangement". This is known as 'Bouncing of a cheque'.

the capital adequacy ratio not ensure that banks can absorb a reasonable level of losses before becoming insolvent

Demat Account refers to a dematerialised account for individual Indian citizens to trade in listed stocks or debentures.

Q 3) A list of all of a country’s international transactions for a given time period, usually one year is knows as ____________ .

Balance of Payments
Tade amount
FEMA
Balance of remittances

Q 4)What is the code is used particularly in International transfer of money between banks ?

IFSC CODE
SWIFT Code
MICR CODE
MMID

Q 5)What are the short term security to be soldby Govt. of India to raise temporary money for cash management needs ?

Treasury bills
Commercial bills
Cash Management Bills
Dated securities

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