Feb 18, 2009

BizQuiz #22

Which word was derived from the french word Bougette meaning ‘Little Bag’?

Who created SDR, Special Drawing Rights, in 1967 which deals with the reserve of International Assets whose value is based on widely used currencies?
International Monetary fund.

In financial Lingo, What is a ‘Bridge Loan’?
Temporary finance provided until the availability of Long term Arrangements.

What is the rate of Interest at which short term funds are exchanged between banks in London called?
LIBOR, London Interbank offered rate.

Which is first india’s first credit rating agency set up jointly by LIC, GIC, UTI, ICICI and Asian Development Bank in January 1988?
CRISIL – credit rating information services of india limited.

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