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Banking financial awareness Practice Questions & Answers

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In November 2017, RBI simplified ‘FEMA’ by putting all amendments under one notification. What does ‘E’ stand for in ‘FEMA’

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In November 2017, RBI simplified ‘FEMA’ by putting all amendments under one notification. What does ‘E’ stand for in ‘FEMA’
1). Enterprise
2). Exchange
3). Evaluate
4). Estate

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Who was the first governor of Reserve Bank of India?

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Who was the first governor of Reserve Bank of India?
1). C.D. Deshmukh
2). Osbourne Smith
3). B.R. Rau
4). James Braid Taylor

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Which bank has announced a new overdraft facility for Medium, Small and Micro Enterprises (MSME) based on their GST returns on 10, September 2018?

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Which bank has announced a new overdraft facility for Medium, Small and Micro Enterprises (MSME) based on their GST returns on 10, September 2018?
1). ICICI
2). Axis
3). HDFC
4). SBI

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Match the following. Term Meaning  1. Globalisation   a. Process of reducing or removing restrictions on international trade.  2. Privatisation   b. Process of interaction and integration among

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Match the following.

Term

Meaning

 1. Globalisation

  a. Process of reducing or removing restrictions on international trade.

 2. Privatisation

  b. Process of interaction and integration among the people, companies and government of different nations.

 3. Liberalisation

  c. transfer of a business, industry, or service from public to private ownership and control


1). 1-c, 2-a, 3-b
2). 1-b, 2-c, 3-a
3). 1-b, 2-a, 3-c
4). 1-c, 2-b, 3-a

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Which of the following is a customized contract between two parties to buy or sell assets on a specified price on a future date?

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Which of the following is a customized contract between two parties to buy or sell assets on a specified price on a future date?
1). Post date agreement
2). New trading
3). Forward contract
4). Insider trading