A bank that handles affairs of another bank which has no legal standing in the jurisdiction is called

A. a merchant bank.

B. a client bank.

C. an off-shore bank.

D. a correspondent bank.

What is a valuation date?

A. The date on which the assessing officer assess the wealth tax

B. 31st March

C. 1st April

D. 1st January

Premium under endowment plans equals

A. risk premium+ savings element +expenses

B. risk premium +expenses

C. risk premium +saving element

D. none of these

"When a customer deposits cheque with a bank for clearing, the customer becomes a _______."

A. Debtor

B. Principal

C. Creditor

D. Agent

Any property inherited by a female Hindu from her husband or from her father in law, in the absence of any son or daughter of the deceased shall go to…..

A. Heir of mother

B. Heir of father

C. Heir of Husband

D. Heir of Sister

In Money laundering, a transaction involving cash used to buy high value goods,property or business assets is an example of which stage?

A. Layering

B. Placement

C. Integration

D. Confirmation

Which of the following is not one of the assumptions of the CMT?

A. All investors have the same one-period time horizon.

B. There are no personal income taxes.

C. There is no interest rate charged on borrowing.

D. There are no transaction costs.

A ____________ mortgage binds himself to repay the mortgage money on a certain data transfer the mortgaged property absolutely to the mortgager.

A. Anomalous mortgage

B. English mortgage

C. Reverse mortgage

D. Usufructuary mortgage

Which of the following is/are the role of Investment Bankers?

A. (a) and (b)

B. (a), (b) and (d)

C. (a) and (d)

D. (b), (c) and (d)

Stock broker’s human capital is _________ to stock market as compared to a school teacher

A. Less sensitive

B. Sensitive at par

C. More sensitive

D. No correlation

X, a shopkeeper says to Y, who manages his business – “Sell nothing to Z unless he pays you ready money, for I have no opinion of his honesty”. Can Z claim against X for defamation?

A. Yes, he can

B. No, if the statement has been said in the good faith

C. No, because it has not been published

D. None of the above

Foreign currency borrowings raised by Indian corporate from outside India are called

A. GDR

B. ADR

C. ECB

D. IDR