200+ MCO'S RELATED TO BANKING TERMINOLOGY By-HARSHIT SHUKLA Sp Adobe Spark
17. NBFCsare an important part of the Indian financial system. What is the full form of this term? (a) New Banking Financial Companies (b) Non-Banking Financial Companies (c) Neo Banking Financial Confederation (d) Non-Banking Fiscal Companies (e) All of these BCSBI stands for (a) 18. Banking Codes and Standards Board of India (b) (c) (d) (e) What does the term 'bancassurance' mean ? (a) Assurance from the bank to its account holder Banking Credit and Standards Board of India Banking Codes and Service Board of Inida. Banking Credit and Service Board of India. None of these 19. (b) (c) (d) regarding safety of his money A special product designed by the bank Selling of insurance policies by banks Understanding between banks and 2 insurance None of these (e) SEZ stands for: (a) (b) (c) (d) 20. Southern Economic Zone South European zone Special Economic Zone Special Eastern Zone None of these (e) The abbreviation IRDA stands for: (a) Industrial Research and Development Authority of 21. (b) Insurance Research and Development Authority of India
22. Hard Currency is defined as Ce*^: (a) which can hardly be used for international transactions (b) (c) (d) which is used in times of war which loses its value very fast traded in foreign exchange market for which demand is persistently relative to the supply (e) The terms "bull" and "bear" are used in the: (a) (b) (c) (d) (e) We read a term 'ECB' in the financial newspapers. What is the full form of ECB? (a) Essential Credit and Borrowing (b) Essential Commercial Borrowing (c) External Credit and Business (d) External Commercial Borrowing None of these 23. Bihar Government's Animal Husbandry Department Income Tax Department CBI Stock Exchange None of these 24.
25. Green Banking means (a) financing of irrigation projects by banks (b) (c) (d) development of forestry by banks financing of environment friendly projects by banks development of Railway by banks (e) DTAA stands for (a) (b) (c) (d) (e) The rate at which the Reserve Bank of India lends to the commercial banks in very short term against the backing of the Government securities is known as? (a) Bank rate (c) Reverse Repo (d) Discount rate None of these 26. Direct TariffAvoidance Agreement Double Taxation Avoidance Agreement Direct Taxation Avoidance Agreement Double Tariff Avoidance Agreement None of these 27. (b) Repo rate
27. The rate at which the Reserve Bank of India lends to the commercial banks in very short term against the backing of the Government securities is known as? (a) Bank rate (c) Reverse Repo (d) Discount rate (e) None of these A letter of credit (LC) wherein the credit available to the customer gets reinstated after the bill is paid is known as? (a) Back to back LC (b) Red clause LC (c) Backto front LC (d) Revolving LC (e) None of these Which of the following is not an imperfect note? (a) Washed note (b) Bleached note (c) Mutilated note (d) Oilednote (e) None of these Which of the following is not shown as an asset in the balance sheet of a BanK? (a) Investment (c) Cash Balances with other banks (d) Borrowings (e) None of these (b) Repo rate 28. 29. 30. (b) Advances
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