In the world of commodity exchanges-the' concept of A standard contract to buy or sell a specified commodity at a certain date in future and at a market driven price is known as [UBI PO 2010]
Future contract
Forward contract
Market contract
None of these
Correct Answer :
A. Future contract
Related Questions
The primary objective of Unit Trust of India is:
to assist the industries in financial difficulties
to diffuse the benefit of development among the masses
to accumulate funds for public investment expenditure
to promote the investment habit among those who have not been able to diversify investment risk
All of the following are subsidiaries of the State Bank of India, except:
State Bank of Bikaner and Jaipur
Central Bank of India
State Bank of Hyderabad
State Bank of Patiala
Which of the following is not an asset held by commercial banks?
Bills of exchange
Current account deposits
Credit balances with the Reserve Bank
Money lent at short notice
The Imperial Bank of India, after nationalisation was given the name of:
Reserve Bank of India
Bank of India
State Bank of India
Indian Overseas Bank
If the cash-reserve ratio is lowered by the Central bank, what will be its effect on credit creation?
Decrease
Increase
No change
None of these
Consider the following statements:
1. ICICI Bank is the largest private sector bank in India.
2. Postal life Insurance is the oldest life insurance organization in India.
Which of the statements give above is/are correct? [IAS 2005]
1 only
2 only
Both 1 and 2
Neither 1 nor 2
Which of the following combinations is correct? [IFS 1989]
NABARD-Industrial Loans
IDBI-Short term loans
RBI-Long term finance
RRB-Agricultural finance
The place where bankers meet and settle their mutual claims and accounts is known as : [Bank PO 1993]
treasury
clearing House
collection Centre
dumping Ground
Which of the following organisations prepare rural credit plans on annual basis for all districts in India, which in turn form the base for annual credit plans of all rural financial institutions? [RBI Grade B Officer 2011]
SIDBI
NABARD
RBI
Indian Bank's Association
What is the difference between Debentures and Equity?
Debentures are sealed bonds acknowledging that money has been borrowed; equity is a shareholder's share voting rights in proportion to his shareholding
An equity shareholder cannot withdraw his amount whereas debentures can be withdrawn by taking back the amount
Equity shareholding is more risky, compared to debentures which are bound to return good interest on the principal
Both debenture and equity holders have the right of voting irrespective of the proportion of holdings but debentures are of lower value than equity
Which of the following constitute short-term sources of finance for small scale industries?
1. Private money lenders
2. Loans by commercial banks
3. Credit Guarantee schemes
4. National Small Industries Corporation
1, 2 and 3
1 only
1, 2 and 4
1, 2, 3 and 4
In the world of commodity exchanges-the' concept of A standard contract to buy or sell a specified commodity at a certain date in future and at a market driven price is known as [UBI PO 2010]
Future contract
Forward contract
Market contract
None of these
Basel Committee has given its recommendations on which of the following aspects of banking operations? [RBI Grade B Officer 2011]
Marketing of bank products
Priority sector lending
Risk Management
All of the above
Which of the following is the Banker of the Banks? [Railways 1995]
IDBI
SBI
RBI
SBI and RBI
Who is responsible for the collection and publication of monetary and financial information?
Finance Commission
Finance Ministry
Reserve Bank of India
Auditor and Comptroller General of India
The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following? [IAS 2007]
State Bank of India
Reserve Bank of India
ICICI Bank
Life Insurance Corporation of India
The main difference between shares and debentures is :
debentures can only be issued after shares
shareholders receive dividend on shares whereas debenture holders receive interest on debentures
debentures can be partly converted into shares whereas shares cannot be converted into debentures
shareholders are the owners of the company whereas debenture holders are the creditors of the company
Which of the following is now a punishable offence by a Bank Account holder ? [Bank PO 1990]
If a cheque is not crossed
If a post-dated cheque is issued
If a cheque drawn by him is dishonoured for insufficiency of funds in his account
Issuing a cheque without signature
Which of the following is called a 'banker's cheque' ? [CDS 2002]
Demand draft
Debit card
Pay order
Fixed deposit
The main function of the Exim Bank is:
to help RBI in the regulation of foreign exchange
to prevent unlicensed transaction
to promote exports and curtail imports
to conserve foreign exchange
In order to be scheduled to the Reserve Bank of India, a bank should have capital and reserve of not less than:
1 lakh
5 lakhs
10 lakhs
50 Iakhs
According to the RBI directions, a NBFC (Non-Banking Finance Company) must possess a Net-owned Fund of the amount:
minimum Rs.5 lakh
minimum Rs. 10 lakh
minimum Rs. 25 lakh
minimum Rs. 50 lakh
Which one of the following is not a feature of Limited Liability Partnership firm? [IAS 2010]
Partners should be less than 20
Partnership and management need not be separate
Internal governance may be decided by mutual agreement among partners
It is a corporate body with perpetual succession
The arguments to support opening up of the Insurance sector in India were:
1. It will provide wider choice to customers
2. It will infuse competition and efficiency
3. It will widen the base of long term funds
4. It will improve balance of payments position
Choose the correct answer from:
1, 2
2, 3
1, 2, 3
1, 2, 3 and 4
The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called: [IAS 1998]
SBRC (Statutory Bank Ratio)
SLR (Statutory Liquid Ratio)
CBR (Central Bank Reserve)
CLR (Central Liquid Reserve)
Which of the following is not true about the Reserve Bank of India?
It regulates the currency and credit system of India
It maintains the exchange value of the rupee
Foreign exchange reserves are kept by RBI
One rupee notes and coins are issued by RBI
The oldest stock exchange of India is :
Bombay Stock Exchange
Ahmedabad Stock Exchange
Bangalore Stock Exchange
Hyderabad Stock Exchange
Bouncing of cheques has become an offence. What is the punishment for the same:
6 months imprisonment
1year imprisonment
2 years imprisonment
3 years imprisonment
Consider the following financial institutions of India:
1. Industrial Finance Corporation of India (IFCI)
2. Industrial Credit and Investment Corporation of India (ICICI)
3. Industrial Development Bank of India (IDBI)
4. National Bank for Agriculture and Rural Development (NABARD)
The correct chronological sequence of the establishment of these institutions is : [IAS 2002]
1, 2, 3, 4
2, 3, 4, 1
3, 4, 1, 2
4, 1, 2, 3
Consider the following statements: [IAS 2004]
1. The National Housing Bank, the apex institution in housing finance in India, was set up as a wholly owned subsidiary of the Reserve Bank of India
2. The Small Industries Development Bank of India was established as a wholly owned subsidiary of the Industrial Development Bank of India
Which of the statements given above is/are correct?
1 only
2 only
Both 1 and 2
Neither 1 nor 2