GK Quiz ► Banking Awareness

1. The headquarters of Asian Clearing Union(ACU) is ______
A. Tehran, Iran
B. Baghdad, Iraq
C. Male, Maldives
D. Dhaka, Bangladesh
E. None of these

2. Which of the following is not a member of ACU?
A. Bhutan
B. Singapore
C. Maldives
D. Bangladesh
E. None of these

3. The maximum value that can be stored in any prepaid card (issued by banks and authorised non-bank entities) at any point of time is ________
A. Rs. 40,000
B. Rs. 25,000
C. Rs. 20,000
D. Rs. 50,000
E. None of these

4. Foreign nationals of non-Indian origin resident in India, can acquire immovable property in India except ______ countries.
A. 5
B. 8
C. 12
D. 10
E. None of these

5. __________ are also issued under the Market Stabilization Scheme(MSS).
A. Certificate of Deposit
B. Treasury bills
C. Commercial Paper
D. All of these
E. None of these

6. CIN stands for __________.
A. Call Investment Number
B. Call Identification Number
C. Credit Identification Number
D. Credit Investment Number
E. Challan Identification Number

7. How many digits are there in CIF?
A. 6 digits
B. 7 digits
C. 9 digits
D. 8 digits
E. None of these

8. Authorised Money Changers (AMCs) are entities, authorised by the Reserve Bank under _____ of the Foreign Exchange Management Act, 1999
A. Section 15
B. Section 10
C. Section 14
D. Section 20
E. None of these

9. The minimum Net Owned Funds (NOF) required for consideration as FFMC for single branch is _________
A. Rs. 12 lakh
B. Rs. 10 lakh
C. Rs. 50 lakh
D. Rs. 25 lakh
E. None of these

10. The minimum Net Owned Funds (NOF) required for consideration as FFMC for multiple branch is ________
A. Rs. 12 lakh
B. Rs. 10 lakh
C. Rs. 50 lakh
D. Rs. 25 lakh
E. None of these



Answers:

1. A
2. B
3. D
4. D
5. B
6. E
7. B
8. B
9. D
10. C