Banking Awareness Quiz for SBI Clerk Mains (Part - 11)

Ques 1.
Securitization  is :
(a) non - performing loans are acquired from banks and financial institutions at a discounted value and security receipts issued to them so that these loans are removed from their balance sheet enabling them to reduce the provision in respect of such loans and improve profitability.
(b)  converting the illiquid loans of banks and financial institutions by securitization companies into tradable  securities ,after they are acquired and sold to the investors .
(c)  A process of acuquisition of non -performing loans from banks nu a Securitization  company and convert them into tradable securities and sold to the investors.
(d) all of the above

Ques 2.
The expansion of BIFR,in the context  of the Indian Industry is :
(a) Board fro Industrial and Financial Reconstruction
(b) Bureau for Industrial and Financial Reconstruction
(c) Board for Investment and financial Reconstruction
(d) Bureau fro Investment and Financial Reconstruction

Ques 3.
Under section [S.2(h)] of the RTI Act,  2005 "Other Public authority " means:
(a) by notification issued or by order of the appropriate government
(b) all bodies owned , controlled or subsequently financed by the government
(c) all non government organization substantially financed by the Government
(d) all of the above

Ques 4.
Under the corporate Debt Restructuring (CDR) mechanism, loan assets of banks have been categorized which on of the following statement is not correct.
(a) Assets belonging to standard and sub- Standard category come under Category I
(b) asset belonging to Doubtful category come under Category 2
(c) Assets belonging to Doubtful and loss categories come under Category 2
(d) Out of total Loan Assets,90 per cent is Standard and sub-standard and Doubtful is 10 per cent this lot comes under Category I.

Ques 5.
Under which of the following ,methods of depreciation , amount of depreciation varies every year:
(a) Written Down Value Method
(b) Straight Line method
(c) Amount of deprection does not  vary on year to year basis
(d) None of the above

Ques 6.
What is "Stagflation ':
(a) inflation with growth
(b) Deflation with growth
(c) inflation after deflation
(d) inflation with depression

Ques 7.
What is true about 'white Card ":
(a) It is related to companies producing milk products
(b) It does not carry on its face, the brand of the issuer
(c) It is meant to covert money into the economy
(d) None of the above

Ques 8.
when we discuss Negotiated Dealing System. it denotes :
(a) Setllement of security dealing
(b) Trading in stock Markets
(c) Trading in Government Securities
(d) None of the above

Ques 9.
There is a joint account in the names of A and B , to be operated by both of them jointly . There is a debit balance of Rs 23,100 when the bank receives a notice of A's death :
(a) the amount can be recovered from B only
(b) the amount cam be recovered from the estate of the deceased A only
(c)  the amount can be recovered from B and/or the estate of the  decreased A
(d) None of the above

Ques 10.
Mohan, who will be 18 next December , approaches the bank for a loan of Rs 1,00,000 to be  repaid out of the property that will vest in him on his attaining majority :
(a)  the loan may be granted provided the value of the property in question is sufficient
(b) the bank's head office will approached for necessary guidance
(c) the loan may be granted provided, in addition to the security of the property in question a third party's guarantee is arranged 
(d) a minor's agreement being void ab -intitio the proposal in question will not be entertained.

Ques 11.
A cheque which was returned with the remarks: " Effects drawn against not yet cleared .Please present against " . has been represented and there are no funds in the account to pay it :
(a) the  cheque should be paid as the banker is under obigation to it 
(b) the cheque should be paid and the customer  asked to put the account in order
(c) the cheque should be returned with the answer : 'Refer to drawer "
(d) none of the above

Ques 12.
Many banks have adopted/;launched 'Core Banking Solution". Core Banking  Solution is : 
(a)  a marketing strategy adopted  by the banks
(b) A new type of ATM useful for  rural population
(c) A delivery channel for quick and fast delivery
(d) A new product launched  to hep senior citizens only as they are not able to visit branches/ATMs  frequently.

Ques 13.
"Order Nist" is :
(a) an order  to freeze or stop all transactions of the customer in his account
(b) also a direction to the banker to explain why the funds in the customer's account so freezed  should not be used fro payment of the Judgment debt
(c) Both A and B
(d) None of the above

Ques 14.
Bill of lading is a :
(a) Negotiable Instrument
(b) Non- negotiable Instrument
(c) Quasi-Negotiable Instrument
(d) None of the above

Ques 15.
If a Demand Promissory Note is obtained unstamped :
(a) penalty of 10 times the  deficiency has to be paid  and the proper stamp has to be affixed
(b) The Note has to be  presentable to the Collector/District Commissioner  for adjudication
(c) unstamped/under -stamped DP Note can never be rectified
(d) the  note has to be properly  stamped at the earliest

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