BUSINESS QUIZ PACK - 14

Q No.01 : Name India's largest Mutual Fund scheme which recently had a troublesome run and make the investors unhappy?
ANS : US 64 from UTI
Q No.02 : Name this famous personality who founded Pratichi Trust with the use of his Nobel Prize money?
ANS : Amartya Sen
Q No.03 : Who is the first woman became the President of Madras Chamber of Commerce?
ANS : Mallika Srinivasan
Q No.04 : What is known as the purchase of insurance against losses because of currency fluctuations?
ANS : Hedging
Q No.05 : If you are going for a 'Forward Contract' what will you do?
ANS : Sell or Purchase a specified amount of a foreign currency at a fixed rate of exchange for delivery or settlement on a specific time limit
Q No.06 : Which successful investor is popularly known as "The Oracle of Omaha"? And his famous quote is "Rule No.1: Never loss money, Rule No.2: Never forget the Rule No.1"
ANS : Warren Buffet
Q No.07 : Which is India's first Equipment Bank launched recently by SREI International Finance Ltd.?
ANS : Quipo
Q No.08: Currency trivia. In India where is the Paper for the currency manufactured?
ANS : Security paper Mill at Hoshangabad, Madya Pradesh
Q No.09 : What do you call when a firm's actual bank balance is greater than the balance shown in the firm's book?
ANS : Payment Float
Q No.10 : What is ANCOM?
ANS : Andean Common Market covering Bolivia, Chile, Colombia, Ecuador, Peru and Venezuela
Q No.11 : Who created SDR, Special Drawing Rights, in 1967 which deals with the reserve of international assets whose value is based on the widely used currencies?
ANS : International Monetary Fund
Q No.12 : Which word was derived from the French word Bougette meaning 'Little Bag'?
ANS : Budget
Q No.13 : What is known as the ' Slash Fund '?
ANS : Money spent for payment towards the influential persons for the benefit of organizations
Q No.14 : What does 'Asset Tripping ' mean?
ANS : Buying a company to sell its assets
Q No.15 : Which is the only country having paper currency and have no coins and it introduced cheque only in 1997?
ANS : Vietnam
Q No.16 : This agreement was introduced in 1946 that each government pledged to maintain a fixed exchange rate for its currency. This arrangement supposed to reduce the risk involved in international trade and transactions. Name the agreement ?
ANS : Bretton Woods Agreement
Q No.17: In financial lingo what is a “ Bridge Loan "?
ANS : Temporary finance provided until the availability of long-term arrangements
Q No.18 : What is a ' Credit Crunch '?
ANS : Supply of credit falls, though there is sufficient demand
Q No.19 : What is the rate of interest at which short-term funds are exchanged between banks in London called?
ANS : LIBOR, London Interbank Offered Rate
Q No.20 : What is known as the working balance in foreign currency maintained by a bank in Country X with its correspondent bank in Country Y to facilitate delivery or receipt of currencies?
ANS : Nostro Account
Q No.21 : Who is known as the Father of modern Economics?
ANS : Adam Smith
Q No.22 : Which country's foreign market is known as 'Rembrandt Market'?
ANS : The Netherlands
Q No.23 : Where is the European Central Bank located?
ANS : Frankfurt
Q No.24 : In 1921 the three Presidency Banks in India named Bank of Bengal, Bank of Bombay and Bank of Madras were amalgamated to form which other Bank?
ANS : Imperial Bank of India
Q No.25 : Which is India's first Credit Rating Agency set up jointly by LIC, GIC, UTI, ICICI and Asian Development Bank in January 1988?
ANS : Credit Rating Information Services of India Limited, CRISIL
Q No.26 : In money market, what is the term used for the non-convertible paper money?
ANS : Fiat Money
Q No.27 : What are the Bonds that carry low ratings with correspondingly higher yields called?
ANS : Junk Bonds
Q No.28 : Which country's currency is known as Drachma, which in Greek means 'to grasp'?
ANS : Greece
Q No.29 : If you file the 'chapter number 11' in USA in the name of your company what would you do?
ANS : Filing Bankruptcy
Q No.30 : CAMEL is an effective system of rating by the banks. The model insists five main criteria and based on these the financial health is evaluated on a scale of highest to lowest, 1 to 5. In that A means 'asset quality', M means 'management' and L for 'liability', then what are C and E refer?
ANS : Capital adequacy and Earnings