Which of the following statements are not correct in relation to pre-shipment credit in foreign currency?<br>Statement I It is a foreign currency loan available, both, to the importers and exporters.<br>Statement II It is self-liquidating in nature and can be liquidated by purchasing/discounting of bills.<br>Statement III Refinance from RBI is available to banks against pre-shipment credit in foreign currency.<br>Statement IV The interest rare shall not exceed 1.75% above six months, LIBOR for the initial period of one month.

Which of the following statements are true in context of scheduled banks?
1. All banks which are included in the Second Schedule to the Reserve Bank of India Act, 1934 are Scheduled Banks.
2. These banks comprise Scheduled Commercial Banks and Scheduled Co-operative Banks.
3. Scheduled Commercial Banks in India are categorized into five different groups - SBI, Nationalised Banks, Regional Rural Banks, Foreign Banks and Other Indian Scheduled Commercial Banks in the private sector.
4. Scheduled Co-operative Banks consist of Scheduled State Co-operative Banks and Scheduled Urban Co-operative Banks.

A

1, 2 and 3

B

2, 3 and 4

C

1, 2 and 4

D

1, 2, 3 and 4

Which of the following statement is correct?
1. The interest rate in international credit market is depended on the LIBOR rate.
2. LIBOR varies in countries due to difference in the supply demand of a particular currency.
3. LIBOR is a fixed interest rate at which banks give loans to each other.

A

Both 2 and 3

B

Both 1 and 3

C

Both 1 and 2

D

All of the above

RBI set up the Agricultural Refinance Corporation (ARC) in 1963 to work as a refinancing agency in providing medium term and long-term agricultural credit to support investment credit needs for agricultural development. In 1975, ARC was renamed as Agriculture Refinance and Development Corporation (ARDC) to give focused attention to credit offtake, development and promotion of the agricultural sector. Ultimately, NABARD was set by RBI in 1982 whose main function is that it:

A

directly lends and monitors the rural borrowers

B

refinances the banks extending rural finance

C

refinances the rural borrowers obtaining credit from banks

D

directly finances the rural borrowers and gets refinance from government

Consider the following statements:
A person who is not a member of Parliament
1. Cannot be appointed as a Minister.
2. Can be appointed as a Minister for six months.
3. Can be appointed as a Minister for six months term renewable by another six months.
4. Can be appointed as a Minister beyond six months on his election to either House of Parliament.
Which of the statements given above is/are correct?

A

2 and 4

B

2, 3 and 4

C

1 only

D

2 and 3

Defining green banking is relatively easy. It means promoting environment -friendly practices and reducing your carbon footprint from your banking activities. This comes in many forms : using online banking instead of branch banking; paying bills online, opening up CDs (certificates of deposit) and money market accounts at online banks instead of large multi-branch banks. A green bank takes the biggest steps to support local green initiatives. Any combination of the above personal banking practices can help the environment. In this respect, online banks and smaller community banks have better track records than larger banks .However, these larger banks may be induced to go green . According to the passage, larger, multi -branch banks .

A

can never become green banks .

B

can become green banks if they reduce the number of branches and eliminate the use of paper .

C

can become green banks if they can greatly reduce or eliminate carbon footprint form their banking activities.

D

can become green banks if they support local green initiatives

The interest charged on a loan is Tk. p per Tk. 1,000 for the first month and Tk. q per Tk. 1,000 for each month after the first month. How much interest will be charged during the first three months on a loan of Tk. 10,000?

A

30p

B

30q

C

20p+10q

D

10p+20q

The interest charged on a loan is Tk. p per Tk. 1000 for the first month and Tk. q for the Tk. 1000 for each month after first month.How much interest will be charged during the first three months of a loan of Tk. 10000?

A

10p+20q

B

p+2q

C

20p+10q

D

30q

The interest charged on a loan is p dollars per $1,000 for the first month and q dollars per $1,000 for each month after the first month. How much interest will be charged during the first three months on a loan of $10,000?

A

10p+20q

B

30q

C

30p

D

20p+10q

The interest charged on a loan is p dollars per $1,000 for the first month and q dollars per $1,000 for each month after the first month . How much interest will be charged during the first three months on a loan of $ 10,000?

A

10p + 20q

B

30q

C

30p

D

20p + 10q

Which of the following statement is correct?
Statement I In currency quotation, the first currency is the base Currency and the second currency is known as the quoted currency.
Statement II A currency pair is generally represented by using a hyphen or an oblique.

A

Both statements are correct

B

Both statements are incorrect

C

Statement I is correct, but Statement II is incorrect

D

Statement II is correct, but Statement I is incorrect