Current Affairs(2014) Series 31
Q.1) The air exercise "Garuda-V" concluded successfully, recently. India conducted this exercise with which of the following countries?
1) Germany
2) France
3) US
4) Israel
5) None Of these
Correct Ans:
2
Solution:
India conducted the exercise "Garuda-V" with France.
Q.2) Bancassurance can be sold to _____.
1) all banks
2) all insurance companies
3) insurance agents
4) all existing and prospective bank customers
5) None Of these
Correct Ans:
4
Solution:
Bancassurance can be sold to all existing and prospective bank customers.
Q.3) The terms drawer, drawee and payee are associated with-
1) Cheques
2) Promissory notes
3) Delivery order
4) Hundies
5) None Of these
Correct Ans:
1
Solution:
The terms drawer, drawee and payee are associated with Cheques.
Q.4) What does DICGC insures?
1) Deposits of foreign government
2) Deposits of central and state government
3) Inter –bank deposits
4) Saving deposits of banks
5) None Of these
Correct Ans:
4
Solution:
The Deposit Insurance Credit Guarantee Corporation (DICGC) insures all deposits such as savings, fixed, current, recurring, etc.
Q.5) Commercial Paper is a money market security which is issued in the form of –
1) Bill of Exchange
2) Promissory Note
3) Draft
4) Bond
5) None Of these
Correct Ans:
2
Solution:
Commercial Paper is a money market security which is issued in the form of Promissory Note.
It was introduced in India in 1990. Corporates, primary dealers (PDs) and the All-India Financial Institutions (FIs) are eligible to issue CP.
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1) Germany
2) France
3) US
4) Israel
5) None Of these
Correct Ans:
2
Solution:
India conducted the exercise "Garuda-V" with France.
Q.2) Bancassurance can be sold to _____.
1) all banks
2) all insurance companies
3) insurance agents
4) all existing and prospective bank customers
5) None Of these
Correct Ans:
4
Solution:
Bancassurance can be sold to all existing and prospective bank customers.
Q.3) The terms drawer, drawee and payee are associated with-
1) Cheques
2) Promissory notes
3) Delivery order
4) Hundies
5) None Of these
Correct Ans:
1
Solution:
The terms drawer, drawee and payee are associated with Cheques.
Q.4) What does DICGC insures?
1) Deposits of foreign government
2) Deposits of central and state government
3) Inter –bank deposits
4) Saving deposits of banks
5) None Of these
Correct Ans:
4
Solution:
The Deposit Insurance Credit Guarantee Corporation (DICGC) insures all deposits such as savings, fixed, current, recurring, etc.
Q.5) Commercial Paper is a money market security which is issued in the form of –
1) Bill of Exchange
2) Promissory Note
3) Draft
4) Bond
5) None Of these
Correct Ans:
2
Solution:
Commercial Paper is a money market security which is issued in the form of Promissory Note.
It was introduced in India in 1990. Corporates, primary dealers (PDs) and the All-India Financial Institutions (FIs) are eligible to issue CP.
Current Affairs For 2015 SBI PO Exam / Bank IBPS online exam, Current Affairs of every month are covered here month wise,current affairs sbi po 2015, ibps exam,IBPS preparation, Preparation for IBPS, IBPS PO,IBPS PO MT, IBPS PO Clerk exam 2015, IBPS solved question answers, IBPS Exams in India, IBPS Material, IBPS online test, IBPS paper, IBPS
