(Please dont answer using search engines :). Answers are given in the comments :) )
- Which Business / Industry word has been derived from French / Italian word meaning “Bench”?
- RBI : India ; __________ : Germany
- If Bank of England was 2nd of its types to be established in 1694, which was the first one established in 1668 and in which country?
- What is laissez faire banking?
- In response to fraudulent ______________, the legislatures in Barcelona and Lerida passed the first laws governing banking in Catalonia in 1300 and 1301, respectively. The law in Barcelona provided stringent rules to punish those bankers facing ______________: they should be publicly denounced, not only in the streets of Barcelona but also in all the towns where they had done business. They could not open any exchange or bank thereafter, and would be imprisoned and kept on bread and water. Fill in the blank.
- All the major private banks in New York has been using “CHIPS “ for Electronic fund transfer ,loans, trade etc. What does Federal reserve use for the same purpose while dealing with the depository financial institutions?
- Which was the first chartered Modern bank ?
- The word comes from the its usage for “Pawnshop” in middle ages. There is a British company by the name. And many UK streets are named after this word. What is it?
- What does the following words mean with relevance to Islamic banking?
Riba , Murabaha, Takaful, Sukuk, Others ( Mudharabah, Wadiah, Musharakah, Murabahah, Ijarah) - DBS bank Launched IB Asia on May 07, 2007 after receiving approval from Monetary authority of Singapore with Vince cook as the CEO of the new entity. What are we talking about?
- Connect Meezan bank, Al Rajhi bank, DMI trust .
- The Medici and Pitti families were Involved with earliest banking systems of which city ?
- They were responsible for the earliest Europe wide banking 1100-1300 AD. who are they ?
- The following picture is a bond issued by the first joint stock company of the world . Which company is it ?
- Which was the first modern USA bank ?
- Which Family, rather known as an international banking and financial dynasty are we talking about in the following coat of arms?
- If you rank the banks of the world by Market capitalization, which country are the first two banks from? And which bank would come first in terms of Number of people employed?
- Identify :
- Who was the first governor of RBI?
- Identify this building of the institution that was created to fund in 1800s the war of Lord Wellesey against Tipu Sultan and Marathas.
9 comments:
1 Which Business / Industry word has been derived from French / Italian word meaning “Bench”?
Ans : Banks (From Banque(French) or Banca (Italian)): Money changer’s table.
2 RBI : India ; __________ : Germany
Ans: Bundebank
3 If Bank of England was 2nd of its types to be established in 1694, which was the first one established in 1668 and in which country?
Ans : Sverigis Riksbank (Sweden) : First Central bank in the world.
4 What is laissez faire banking?
Ans: Banking with less or no regulation. The free-banking years of 1837 to 1863 are also known as the Wildcat Banking era.
5 In response to fraudulent ______________, the legislatures in Barcelona and Lerida passed the first laws governing banking in Catalonia in 1300 and 1301, respectively. The law in Barcelona provided stringent rules to punish those bankers facing ______________: they should be publicly denounced, not only in the streets of Barcelona but also in all the towns where they had done business. They could not open any exchange or bank thereafter, and would be imprisoned and kept on bread and water.
Ans : Bankruptcy
6 All the major private banks in New York has been using “CHIPS “ for Electronic fund transfer ,loans, trade etc. What does Federal reserve use for the same purpose while dealing with the depository financial institutions?
Ans: Fedwire
7 Which was the first chartered Modern bank ?
Ans. : The first modern bank was founded in Italy at Genoa in 1406, its name was "Banco di San Giorgio" (Bank of St. George).
8 The word comes from the its usage for “Pawnshop” in middle ages. There is a British company by the name. And many UK streets are named after this word. What is it?
Ans: Lombard. a type of banking that originated with the prosperous northern Italian region of Lombardy (hence the name).
9 What does the following words mean with relevance to Islamic banking?
Riba , Murabaha, Takaful, Sukuk, Others ( Mudharabah, Wadiah, Musharakah, Murabahah, Ijarah)
Ans :
Riba : Usury (charging high interest)
Murabaha is defined as a particular kind of sale, compliant with shariah, where the seller expressly mentions the cost he has incurred on the commodities to be sold and sells it to another person by adding some profit or mark-up thereon which is known to the buyer. It is one of the most popular modes used by banks in Islamic countries to promote riba-free transactions
Takaful is an Islamic insurance concept which is grounded in Islamic muamalat (banking transactions), observing the rules and regulations of Islamic law.
This concept has been practised in various forms for over 1400 years. It originates from Arabic word Kafalah, which means "guaranteeing each other" or "joint guarantee"
Sukuk is the Arabic name for a financial certificate but can be seen as an Islamic equivalent of bond
Amongst the common Islamic concepts used in Islamic banking are profit sharing (Mudharabah), safekeeping (Wadiah), joint venture (Musharakah), cost plus (Murabahah), and leasing (Ijarah).
10 DBS bank Launched IB Asia on May 07, 2007 after receiving approval from Monetary authority of Singapore with Vince cook as the CEO of the new entity. What are we talking about?
Ans: Islamic Bank of Asia.
11 List of Islamic Banks :
12 The Medici and Pitti families were Involved with earliest banking systems of which city ?
Florentine
13 They were responsible for the earliest Europe wide banking 1100-1300 AD
Knights Templar
14 The following picture is a bond issued by the first joint stock company of the world . Which company is it ?
Dutch East India Company
15 Which was the first modern USA bank ?
Bank of North America
16 Which Family, rather known as an international banking and financial dynasty are we talking about in the following coat of arms?
Ans: Rothschilds
17 If you rank the banks of the world by Market capitalization, which country are the first two banks from? .
China (Industrial and commercial Bank of China and China Construction Bank)
Largest employer : SBI
18 Identify :
John Pierpont Morgan, Jr., became a prominent figure in international finance and investment banking. His father, John Pierpont Morgan, was a well-known U.S. industrial magnate, financier, and philanthropist
19 Who was the first governor of RBI?
Sir Osborne smith
Identiry
20 Headquarters of SBI established in early 1800s as Bank of Bengal mainly to fund General Wellesey’s war against Tipu Sultan and Marathas
a very well made quiz....i got 3 right answers although :-)
Dear,
RBI : India ; __________ : Germany
is Ans: Bundebank then RBI : India ; __________ : Russia for What ?
Please ans
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