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Banking Awareness Quiz : Part 102

Published on Friday, February 26, 2016
banking awareness quiz
Ques 1.
The methods of credit control by the Reserve Bank of India may be  broadly  divided  into two parts. These are :
(a) open and close 
(b) quantitative and qualitative 
(c) monetary and fiscal 
(d) rural and urban 

Ques 2.
What is the minimum number  of directors  in a public limited company :
(a) 2
(b) 3
(c) 5
(d) 7

Ques 3.
'Pure Banking,' Nothing Else' is a slogan raised by :
(a) ICICI Bank
(b)HDFC Bank
(c) SBI
(d) UTI Bank

Ques 4.
'Smart Money '  is a term  used for :
(a) Internet Banking 
(b) Cash with Public
(c) Cash with Bank 
(d) Credit Card

Ques 5.
The government has allowed  issue of Long -term  Bonds for Insurance Companies and others upto :
(a) 10 years 
(b) 15 years 
(c) 25 years 
(d) 30 years 

Ques 6.
Discount on issue of shares is a:
(a) revenue loss
(b) capital loss
(c) deferred revenue expenditure
(d) revenue  and capital loss both

Ques 7.
Which of the  following  committee recommanded a separate Act, for securitisation and Reconstruction  of financial Assets and Enforcement of security Interest Act.
(a) Rangarajan committee
(b) T.R. Andhyarajuna Committee
(c) Narashimham Committee
(d) Nayak Committee

Ques 8.
What are the Rights available to a secured creditor :
(a) To sell the assets 
(b) File application with DRT  for recovery of full or remaining dues.
(c) To Proceed against the guarantee
(d) All of the above

Ques 9.
The significance of index  linked bonds is :
(a) It provides protection against inflation rate rise 
(b) It is inbuilt in the process
(c) Both A and B 
(d) none of the above

Ques 10.
Which of the following is not credit substitute :
(a) commercial Paper 
(b) Mortgage Loan
(c) Corporate Bond
(d) Certificate of Deposit

Ques 11.
The difference between  a bond and Loan is :
(a) The loan has normally fixed rate of interest. Bond  price is depended on market interest rate movements 
(b)Bonds are more liquid 
(c) Yield to maturity value can be known easily  in a bond
(d) All of the above

Ques 12.
Advanced payment of tax is in the nature of :
(a) Asset 
(b) Liability
(c) Prepaid Expenses
(d) Revenue Expenses

Ques 13.
CSO has changed its base year National Income estimation. The new base year is :
(a) 1990-91
(b)2004 -05
(c) 1994-95
(d) 1995-96

Ques 14.
First share  market in India was established in :
(a) Delhi 
(b) kolkata
(c) Mumbai 
(d) Chennai

solutions :

Ans 1. Quantitative and qualitative

Ans 2. 7

Ans 3. SBI

Ans 4. Credit Card

Ans 5. 25 Years

Ans 6. Capital loss

Ans 7. T.R.Andhyarajuna  Committee

Ans 8. All of the above

Ans 9. Both A and B

Ans 10. Mortgage Loan

Ans 11.All of the above

Ans 12. Prepaid Expenses

Ans  13.  2004- 05

Ans 14. Mumbai

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Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

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