Monday, 24 April 2017

Banking Questions Test (MCQ)- 56



1.    What is the target of Export Credit for Indian Commercial Banks?
a.    12% of Adjusted Net Bank Credit
b.    12% of Credit Equivalent of Off Balance Sheet Exposure.
c.     12% of Adjusted Net Bank Credit or Credit Equivalent of Off Balance Sheet Exposure whichever is lower at the last day of previous financial year.
d.    12% of Adjusted Net Bank Credit or Credit Equivalent of Off Balance Sheet Exposure whichever is higher at the last day of previous financial year
2.    Invisible exports means export of ____.
a.    Services
b.    Prohibited Goods
c.     Unrecorded Goods
d.    Goods through smuggling

3.    The main function of IMF is to_____
a.    finance investment loans to developing countries.
b.    act as a private sector lending arm of the World Bank
c.     help solve balance of payments problems of member countries
d.    arrange international deposits from banks

4.    The difference between visible exports and visible imports is defined as_____.
a.    Balance of trade
b.    Balance of Payments
c.     Balanced terms of trade
d.    Gains from the trade

5.    What is the latest version of Uniform Customs and Practices for Documentary Credits?
a.    UCPDC 400
b.    UCPDC 500
c.     UCPDC 600
d.    UCPDC 700

6.    The foreign nationals employed in India holding valid visas are eligible to maintain which type of accounts with an Authorized Dealer Category - I (AD Category-I) bank in India.
a.    Non Resident Ordinary account.
b.    None Resident External account
c.     Resident Account
d.    Both (a) and (b) only

7.    Which of the following foreign currency account(s) can be opened by an NRI who returns to India after minimum continuous stay of one year outside India?
a.    FCNR
b.    RFC
c.     RFC (D)
d.    EEFC

8.    As per provision of FEMA, 1999 a resident of India is one who lives in India for:
a.    182 days during a financial year
b.    more than 90 days during a financial year
c.     more than 182 days during a calendar year
d.    more than 182 days during previous financial year

9.    Import of goods into India is controlled by:
a.    RBI
b.    Customs
c.     EXIM Bank
d.    DGFT

10. Under Liberalized Remittance Scheme, an individual can remit up to US D 200,000 in a financial year for :
a.    current account transactions only
b.    for capital account transactions only
c.     current or capital account transaction except by way of gift or donation
d.    any purpose except for which remittance is prohibited

Answer-
1
2
3
4
5
6
37
38
39
40
d
a
C
a
c
c
b
d
d
c
 
If anyone of you are facing any problem in any question, you could just ask in the comment box. We will try to help you according to your problem. 

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