Banking Awareness Quiz for SBI Clerk Mains - Part 4

banking awareness
Ques 1.
Under the Credit Guarantee Trust for Medium & Small Enterprises, loans and advances to Educational Institution are :
(a) covered
(b) not covered
(c) CGTMSE is silent about covering the loans to Educational Institutions
(d) none of the above

Ques 2.
When a Bank Guarantee is invoked by the beneficiary either in writing or by telex or telegram, the Bank issuing the Guarantee:
(a) will have to effect payment without delay or demur
(b) will have to pay within three working days
(c) Will pay after being satisfied that the beneficiary suffered loss
(d) none of the above

Ques 3.
"Claused  Bill of  Lading" is one which indicates :
(a) no defects in packaging or condition of goods
(b) defective condition of package and goods
(c) no documents attached to it
(d) None of the above

Ques 4.
" Cost Overrun " Means :
(a) Remaining constant in Project Cost
(b) escalation in Project Cost
(c) Decrease in Project Cost
(d) None of the above'

Ques 5.
" Dark Block" is an Area :
(a)   where literacy rate is below 15 per cent
(b) where people below the poverty line are more than 90 per cent
(c) where underground source of water is not available
(d)  where more than 85 per cent exploitation has taken place on the available underground water

Ques 6.
" Hedging" denotes :
(a) Protecting against fluctuations/ uncertainty  risk in forex markets
(b) credit risk assessment in respect of advances
(c) Speculative buying/selling of foreign currency
(d) None of the above

Ques 7.
"Working Capital Gap " means :
(a) excess of current assets over current liabilities other than bank borrowings
(b) excess of current assets over current liabilities including WCTL
(c) excess of  current assets over current Liabilities
(d) none of the above

Ques 8.
By " Repository " we mean :
(a) Balance held in non currency chest branch
(b) same as currency chest
(c) a part of Currency Chest
(d) None of the above

Ques 9.
Code of Bank's Commitment deals with our commitments in the area of :
(a) Sanction of advances
(b)  steps taken against Frauds
(c) Standard Banking practices in customer services
(d) None of the above

Ques 10.
Currency Chest is the property of :
(a) State Bank of India
(b) Government of India
(c) Reserve Bank of India
(d) None of these

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