Banking and Financial Institutions MCQs

IBAI was incorporated as a company under Section 25 of the Companies Act, 1956. What is the meaning of 'B' in IBAI?

Consider the following statements about India INX: 1. India INX is India's first international exchange. 2. It will work for 22 hours in a day, working from sunrise to sunset, i.e., starting when Japan exchanges begin and close when the US markets end. 3. India lNX is a wholly owned subsidiary of the Bombay Stock Exchange (NSE). Which of the statements given above is/are correct?

FEMA provides that a person becomes a resident if he stays in India for . . . . . . . . or more in the previous year.

A contract that pledges payment of an agreed amount to the person on the happening of an event covered against, is technically known as

A bank is called as a Scheduled Bank when

Bank deposit refers to

Government policy to raise income by additional taxes and allocation of expenditure is called:

Which of the following methods help in the risk management?

The World Trade Organization (WTO) formally commenced work