Q1. Account of a domestic bank abroad (say, of SBI outside
India) is called:
A.
NOSTRO account
B.
VOSTRO account
C.
LORO account
D.
MIRROR account
Q2. “His Account with us” is called:
A.
NOSTRO account
B.
VOSTRO account
C.
LORO account
D.
MIRROR account
Q3. “Your account with us” is called:
A.
NOSTRO account
B.
VOSTRO account
C.
LORO account
D.
MIRROR account
Q4. Relationship between two banks which have mutual
accounts with each other, or one of them having account with the other is
called:
A.
NRI Banking
B.
Relationship Banking
C.
Correspondent Banking
D.
Universal Banking
Q5. CHIPS (Clearing House Inter-bank Payment System) is a
major payment system in:
A.
Europe
B.
USA
C.
UK
D.
Singapore
Q6. UID numbers are used to identify the beneficiary
account, by which of following payment systems:
A.
SWIFT
B.
CHIPS
C.
CHAPS
D.
FEDWIRE
Q7. The FEDWIRE payment system is operated by:
A.
Bank of England in UK
B.
Federal Reserve Bank in US
C.
European Central Bank in Europe
D.
Reserve Bank of Australia in Australia
Q8. Foreign Currency Non-Resident (Bank) FCNR (B) can be
opened as
A.
Saving bank or Current account
B.
Recurring deposit account for a fixed period of
1 year to 5 years.
C.
Term deposit account for a fixed period of 1
year to 5 years.
D.
Term deposit account for a fixed period of 1
year to 3 years.
Q9. Who is a non-resident as per provision of FEMA 1999 :
A.
A person who has gone abroad for a tour.
B.
A person who is staying abroad for more than 180
days in a year.
C.
A person who is staying abroad.
D.
A person who is not resident
Q10. NRI can not make investment in which of the following:
A.
Govt. Securities
B.
Small saving scheme and Public Provident Fund
C.
Treasury bills
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