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MCQs

Total Questions : 461 | Page 2 of 47 pages
Question 11.

A Bank's 'fixed deposit' is also referred to as a

  1.    Term Deposit
  2.    Savings Bank Deposit
  3.    Current Deposit
  4.    Demand Deposit
  5.    Home Savings Deposit
 Discuss Question
Answer: Option A. -> Term Deposit
Question 12.

Which of the following services relate to execution of transaction directly with consumers, rather than corporations of other banks?

  1.    Wholesale Banking Services
  2.    Industrial Banking Services
  3.    Investment Banking Services
  4.    Corporate Banking Services
  5.    Retail Banking Services
 Discuss Question
Answer: Option D. -> Corporate Banking Services
Question 13.

Derivative Contracts that give the buyer the right, but not the obligation to buy or sell the underlined asset is known as

  1.    Contract Trade
  2.    Contract Exchange
  3.    Contract Futures
  4.    Contract Options
  5.    None of these
 Discuss Question
Answer: Option C. -> Contract Futures
Question 14. NABARD is responsible for regulating and supervising the functions of
  1.    Investment and Industrial Finance Banks
  2.    Co operative and Regional Rural Banks
  3.    Overseas Banking Units
  4.    Private Sector Banks
  5.    Reserve Bank of India
 Discuss Question
Answer: Option B. -> Co operative and Regional Rural Banks
Question 15. EMI in banking sector stands for
  1.    Equated Monthly Instalment
  2.    Equal Monthly Increment
  3.    Equated Money Instalment
  4.    Equalised Money Instalment
  5.    Equating Month Instalment
 Discuss Question
Answer: Option A. -> Equated Monthly Instalment
Question 16.

The arrangement under which banks sell insurance products acting as the agents of the respective companies is called

  1.    Insurance Joint Venture
  2.    Bancassurance
  3.    Hybrid Insurance Model
  4.    Insurance Broking
  5.    Outsourcing
 Discuss Question
Answer: Option B. -> Bancassurance
Question 17. CASA ratio of bank indicate the
  1.    Bank deposits (current and savings)
  2.    High value deposit
  3.    Non performing
  4.    Bank loan
  5.    None of these
 Discuss Question
Answer: Option A. -> Bank deposits (current and savings)
Question 18.

The Electronic Funds Transfer at Point of Sale (ESTPOS) is an electronic payment system based on

  1.    Internet Banking
  2.    Account Payee Cheques
  3.    Letter of Credit
  4.    Debit and Credit Cards
  5.    Order and Bearer Cheques
 Discuss Question
Answer: Option D. -> Debit and Credit Cards
Question 19.

Which of the following institutions is regarded as the 'Lender of the Last Resort' by banks in India?

  1.    State Bank of India
  2.    The State Treasury
  3.    Reserve Bank of India
  4.    World Bank
  5.    Department of Financial Services
 Discuss Question
Answer: Option C. -> Reserve Bank of India
Question 20.

The concept of 'Micro Credit' essentially concentrates on

  1.    consumption smoothness
  2.    safe place for savings
  3.    accepting deposits
  4.    provision of credit to the poor
  5.    facility to transfer money
 Discuss Question
Answer: Option D. -> provision of credit to the poor

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