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1. In order to be a member of the OECD, a country must: be at a high point of ec

ID: 2384086 • Letter: 1

Question

1.

In order to be a member of the OECD, a country must:

be at a high point of economic development and industrialization

be a member of the European Union

be a member of the North American Free Trade Agreement

belong to the United Nations

2.

Project finance refers to:

financing large-scale capital projects

financing IMF projects

financing WB projects

financing OECD (Organization for Economic Cooperation and Development) projects

3.

Which of the following made it legal for banking institutions to conduct both commercial and investment activity?

Gramm-Leach-Bliley Act

Federal Reserve Act of 1913

Glass-Steagall Act of 1933

FDIC Act of 1933

4.

The primary bank supervisory agency in Japan is the:

Bank of Japan

Resolution Trust Corporation

Bank of Tokyo

Financial Supervisory Agency (FSA)

5.

A major challenge facing western bankers in Islamic societies is due to the:

Bureaucracy

Inefficiency

Usury Law

Political instability

be at a high point of economic development and industrialization

be a member of the European Union

be a member of the North American Free Trade Agreement

belong to the United Nations

2.

Project finance refers to:

financing large-scale capital projects

financing IMF projects

financing WB projects

financing OECD (Organization for Economic Cooperation and Development) projects

3.

Which of the following made it legal for banking institutions to conduct both commercial and investment activity?

Gramm-Leach-Bliley Act

Federal Reserve Act of 1913

Glass-Steagall Act of 1933

FDIC Act of 1933

4.

The primary bank supervisory agency in Japan is the:

Bank of Japan

Resolution Trust Corporation

Bank of Tokyo

Financial Supervisory Agency (FSA)

5.

A major challenge facing western bankers in Islamic societies is due to the:

Bureaucracy

Inefficiency

Usury Law

Political instability

Explanation / Answer

Ans 1 In order to be a member of the OECD, a country must- Belong to United Nations Ans 2 Project finance refers to:Large scale capital Projects Ans 3 Which of the following made it legal for banking institutions to conduct both commercial and investment activity?-Gramm-Leach-Bliley Act-It removed the restrictions laid down by Glass-Steagall Act of 1933 seperating the investing and commercial banking functions. Ans 4 The primary bank supervisory agency in Japan is the: Financial Supervisory Agency (FSA) is the supreme regulatory authority for banks and other financial institutions in Japan. Earlier these functions were taken care by Ministry of Finance. Ans 5 A major challenge facing western bankers in Islamic societies is due to the:Political instability