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Current affairs Finance

Q.1 Currency of Thailand is___________.

(1) Rupee

(2) Ngultrum

(3) Baht

(4) Euro

(5) None of these

Q.2 Who was the second Governor of Reserve Bank of India?

(1) Sir C.D. Deshmukh

(2) Sir James Taylor

(3) Sir B.R. Rau

(4) L.K. Jha

(5) Sir Osborne Smith

Q.3 How much value would one get in exchange of soiled banknotes?

(1) Full value

(2) 90% of its value

(3) 60% of its value

(4) Bank note will not exchanged

(5) None of these

Q.4 Term ‘Balance of Payment’ is used in relation to which of the following?

(1) Tax collection

(2) Exports and Imports

(3) Annual sales of a factory

(4) Deficit in Union Budget

(5) None of these

Q.5 What is PULSE?

(1) An interbank electronic fund transfer network in USA

(2) An interbank communication system of Canada

(3) Name of interbank communication system in Japan

(4) An interbank electronic fund transfer network in Malaysia

(5) None of these

Q.6 What is Mirror Account?

(1) The account of a foreign bank, as maintained in the books of a bank in India.

(2) The account of a co-operative bank, as maintained in the books of a commercial bank in India.

(3) The account of a foreign bank.

(4) The account of a bank in India, as maintained in the books of a foreign bank.

(5) None of these

Q.7 Photograph in deposit accounts are obtained due to which of the following?

(1) To keep a check over frauds

(2) To avoid problems associated with large size transactions

(3) To comply with the directives of Goiporia Committee

(4) To comply with the money laundering guidelines

(5) For identification to ensure that benami accounts should not be opened

Q.8 The partner of a partnership firm wants to appoint a person to operate the account of the firm. Who should sign such mandate?

(1) All partners

(2) Main partners

(3) Major partners

(4) All but not minor

(5) None of these

Q.9 Where is the headquarters of Asian Development Bank located?

(1) Singapore

(2) Manila

(3) Kuala Lumpur

(4) Jakarta

(5) Shanghai

10. What is the full form of NEFT?

1) National Electronic Financial Transfer

(2) National Electronic Fund Transfer

(3) National Electronic Funds Transaction

(4) Nation Electronical Funds Transfer

(5) None of these

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