Deck 5: Banking and Insurance

Question 1

When did RBI introduced lead banks schemes

A)1969
B)1968
C)1967
D)1966

Answer 1

1969

Question 2

The banking activities performed by foreign multinational banks in a country

A)Core banking
B)E-Banking
C)Off Shore Banking
D)Islamic Banking

Answer 2

Off Shore Banking

Question 3

Name the banking facility of 24 hours based on the voice processing facility available with bank computers

A)Tele banking
B)Internet Banking
C)ATM
D)Core Banking

Answer 3

Tele banking

Question 4

The settlement system which settle transaction on a one to one basis without adjusting debits against credits

A)Real time settlements
B)Gross Settlement
C)Net settlements
D)None of these

Question 5

In which year banking Ombudsman scheme introduced by RBI

A)1996
B)2006
C)1991
D)1995

Question 6

Which of the following is not an innovative services

A)Merchant Banking
B)Factoring
C)Accepting deposits
D)Leasing

Question 7

………………………refers to a banking transactions routed through internet

A)Mobile banking
B)Online banking
C)Off shore Banking
D)None of these

Question 8

NPA stands for …………………………………………….

A)Net profit Assessment
B)None Performing Asset
C)Non Participating Asset
D)None of these

Question 9

CORE Banking means ………………………………………

A)Centralized online real time exchange
B)Centralized offshore real-time Easy fund
C)None of these
D)Classification of real-time E-Banking

Question 10

The use of technology and telecommunication systems in banking services is known as ………………………………

A)Internet banking
B)Off shore banking
C)Hi-tech banking
D)None of these

Question 11

EFT stands for ……………………………………………….

A)Easy Fund Transfer
B)Electronic Fund Transfer
C)Equity fund Transfer
D)None of these

Question 12

Name the electronic machine which is operated by the customer to make deposits and withdraws

A)Cash vending machine
B)ATM
C)POS Terminal
D)Payment gateway

Question 13

The method of banking that allows customers to perform banking transactions through a bank's website hosted in the internet

A)Internet banking
B)Mobile banking
C)Hi-tech Banking
D)None of these

Question 14

The mechanism by which a person can make purchases without immediate cash payment

A)Credit banking
B)ATM Card
C)Payment card
D)None of these

Question 15

…………………………….Card which helps a person to purchase Goods and services and makes payment from his own deposit a/c

A)Credit card
B)Debit card
C)ATM card
D)none of these

Question 16

……………………………………….Is a valid contract between the insured and the insurer

A)Policy
B)Insurance
C)Warranties
D)None

Question 17

From the following, which is not a type of risk

A)Speculative risk
B)Fundamental
C)Dynamic
D)Quantitative Risk

Question 18

………………………………………….means to make good the actual loss and nothing more than the actual loss

A)Indemnity
B)Subrogation
C)Contribution
D)None

Question 19

In insurance the risk is ………………………………………

A)Certain
B)Uncertain
C)Both (A) and (b)
D)None

Question 20

From the following which is not a miscellaneous insurance?

A)Motor
B)Third party
C)Social
D)Burglary

Question 21

Marine insurance is for one year or for a …………………………….Specified period

A)Voyage
B)Year
C)Loss
D)None

Question 22

The life insurance contract is expressed in a document known as ………………………………….

A)Premium
B)Policy
C)Indemnity
D)None

Question 23

……………………………………………….is a voluntary termination of the contract by the policy holder

A)Report
B)Surrender
C)Prospectus
D)Couer

Question 24

…………………………………………….is concerned with overseas trade

A)Life insurance
B)Non life insurance
C)Marine Insurance
D)Fire Insurance

Question 25

……………………………………….means good or commodities carried in a ship

A)Hull
B)Cargo
C)Fright
D)Premium