Govt Exams Adda: Banking and Financial Awareness Quiz No. 4

Greetings to all members of GEA family, Banking and Finance Quiz No. 4 has been uploaded for practice.
Enjoy.

Instruction:

Total questions : 15.
Time alloted : 5 minutes.
1 mark for every correct answer.
Negative marking of , 0.25 mark for every wrong question.
Click on Start button below to start your quiz.
Test will be submitted automatically if the time expired.
Click on Get Result button at the last of the quiz to submit your answers.

1. Payment of a crossed cheque can be made ?

A.	Through clearing account of a bank	B.	Only in cash
C.	Both in cash and through clearing account of a bank	D.	Through all of the above
E.	None of the above

2. A demand draft issued by one bank branch on another branch is legally ?

A.	Cheque	B.	Delivery order
C.	Promissory note	D.	Supply bill
E.	None of these

3. Currently banks claim that they have achieved 100% CBS. What are they referring to ?

A.	It means all their branches are technology driven with core banking solutions	B.	It suggests complete banking services
C.	It is an indication of customized banking services	D.	All of the above
E.	None of the above

4. An asset reconstruction company looks for business from banks. What do you understand from this statement ?

A.	These companies assist banks in getting potential clients for big ticket loans	B.	Asset reconstruction companies buy bad debts at a discount from banks
C.	Banks identify potential borrowers for infrastructure lending by these companies	D.	Banks sell their bad debts to these companies
E.	None of these

5. Which of the following is a public sector bank ?

A.	HDFC bank	B.	HSBC
C.	SIDBI	D.	YES Bank
E.	IDBI bank

6. Banks fix separate cash limit and overall spending limit for each credit card. What is the disadvantage in withdrawing cash on credit cards ?

A.	Cash withdrawn means the credit balance is reduced	B.	An amount is charged by the bank as cash withdrawal fees
C.	Less time is given for payment as compared to other debits for purchases	D.	Cash withdrawal fees together with service tax is charged to the card holder
E.	None of these

7. Many Indian corporates are expecting to launch their new banking company. How is this possible ?

A.	By tying up with foreign banks as joint ventures	B.	Applications have been sent to the Finance ministry for approval
C.	RBI has announced new norms for issuing licences for opening banks	D.	Weak banks may be taken over
E.	None of these

8. Banks earn income from fee based activities. Which of the following qualify as fee based business ?

A.	Issue of demand drafts	B.	Doing foreign exchange business
C.	Selling insurance products	D.	Providing demat accounts
E.	None of these

9. From the banking perspective the use of ATM can be called _________?

A.	Branchless banking	B.	Internet banking
C.	Mobile banking	D.	Personal banking
E.	None of these

10. Banks are not comfortable in lending to the infrastructure sector. What are the reasons for this ?

A.	Banks find it difficult to fund infrastructure projects of 15 years and more	B.	Infrastructure projects require large scale funding
C.	Infrastructure financing becomes a asset liability problem for banks	D.	All of the above
E.	None of the above

11. Which of the following identifies itself as a foreign exchange transaction ?

A.	Payment through debit cards	B.	Negotiating inland bills of exchange
C.	Purchase of foreign currency	D.	All of the above
E.	None of the above

12. Third party usage of ATMs has been restricted to certain number of withdrawals/balance enquiries per month. What does it mean ?

A.	Only card holders can use ATMs and not their representatives	B.	Customer of one bank can use ATMs of other banks upto a specified number without any charge
C.	ATMs of other banks can be used within a limit on payment of fees	D.	Use of ATMs of all banks restricted to specified number
E.	None of these

13. Which of the following is at times mentioned as a direct debit facility ?

A.	ECS	B.	EFT
C.	RTGS	D.	IMPS
E.	None of these

14. When a consumer durable item is financed by a bank what kind of charge does the bank have over the primary security ?

A.	Pledge	B.	Hypothecation
C.	Assignment	D.	Lien
E.	None of these

15. Which of the following cards require the monthly outstandings in the card account to be paid in full within the due date of payment every month?

A.	Charge card	B.	Add on card
C.	Co branded card	D.	Debit card
E.	None of these

Scorecard

Score	:
Total Number of Questions	:
Total Number of Attempted Questions	:
Total Number of Unattempted Questions	:
Total Number of Correct Answers	:
Total Number of Wrong Answers	:
Correct answers:

Govt Exams Adda

Banking and Financial Awareness Quiz No. 4

Answer

Answer

Answer

Answer

Answer

Answer

Answer

Answer

Answer

Answer

Answer

Answer

Answer

Answer

Answer

No comments:

Post a Comment