Which of the following is the deadline set by Reserve Bank of India for Indian Banks to complete their conformation to the Basel-II norms?

1. March 2018
2. March 2020
3. March 2016
4. March 2014
5. None of these

Sub-Prime lending refers to?

1. lending to the customers who are most value for the banks
2. lending to the people with less than standard credit status
3. lending to the customers who visit bank for the very first time
4. lending to the people who live a sub-standard life
5. None of these

When we deposit a cheque issued in your name in the bank, the bank always checks if the cheque has been crossed or not? Why is this done?

1. The bank insists on it only when the party wants the payment immediately and that too in cash only
2. This is the instruction of the RBI that all cheques of the amount of Rs 10,000 should be accepted only if they are crossed
3. It is a process by which the person who has issued the cheque comes know whether the cheque is encased or not
4. It seems that the money is deposited only in the account of the person in whose name the cheque has been drawn
5. None of these

A loan bearing low rate of Interest is known as?

1. Hard Loan
2. Soft Loan
3. Capital loan
4. Real Loan
5. None of these

A country is said to be in a debt trap if ?

1. It has to borrow to make interest payments on standing loans
2. It has to borrow to make interest payments on outstanding loans
3. It has been refused loans or aid by creditors abroad
4. The world bank charges a very high rate of interest on outstanding as well as new loans
5. None of these

Devaluation means ?

1. To reduce the value of home currency
2. To appreciate the value of home currency
3. To issue new currency in place of old currency
4. To lower the price of Goods for export
5. None of these

When a bank dishonors a cheque?

1. It is called withdrawing of the cheque
2. It is called return of the cheque unpaid
3. It is called settlement of the cheque
4. It is called nullifying of the cheque
5. It is called truncating of the cheque

Which of the following is not directly controlled by Reserve Bank of India?

1. Bank Rate
2. Base Rate
3. Repo Rate
4. CRR
5. SLR

Currency Swap is an Instrument to manage?

1. Interest rate risk
2. Currency Risk
3. Currency and Interest Rate risk
4. Cash flows in different currencies
5. All of the above

When the loan is guaranteed for purchase of white goods it is called?

1. White goods loan
2. Consumer durable loan
3. Business loan
4. Consumtion loan
5. Proprietary loan