Deck 6: Banking and Financial Terms

Question 1

Which of the following NBFC converted itself into a commercial Bank?

A)tata finance
B)reliance capital trust
C)birla mutual
D)kotak mahindra

Answer 1

kotak mahindra

Question 2

Which is the current revision & year of UCPDC?

A)ucpdc 500, 1993
B)ucodc 400, 1993
C)ucpdc 300, 1973
D)none of these

Answer 2

ucpdc 500, 1993

Question 3

The rate of which discounting the bills of first class banks is done by RBI is called

A)bank rate
B)prime lending rate
C)loan rate
D)discounting rate

Answer 3

bank rate

Question 4

Banking ombudsman has been constituted under which act?

A)banking regulation act
B)rbi act
C)sbi act
D)copra

Question 5

The major objective of ……..was to ensure financial safety, soundness, and solvency of banks

A)prudential norms
B)risk norms
C)profit norms
D)none of these

Question 6

A unit of the Unit Trust of India is a

A)share
B)debenture
C)negotiabl
D)instrument

Question 7

Indian Banks Association (IBA) has a common net working system forsharing the ATM facilities in Mumbai, which is known as

A)atm network
B)shared payment network system
C)cash network
D)none of these

Question 8

Arbitrage is

A)buying and selling in two markets simultaneously
B)a rate of interest
C)a fe
D)arbitrage is a dispute

Question 9

E E F C denotes

A)exchange earners foreign currency account
B)importer's account with bank
C)account maintain
D)by a exporter with rbi

Question 10

For which of the following currencies is the Indian rupee quotedagainst 100 units of the foreign currency

A)deutsche mark
B)pound
C)japanese yen
D)us dollars

Question 11

Exchange risk in case of foreign currency Non Resident (Banks)scheme (FCNB) is borne by

A)rbi
B)depositor
C)govt.of india
D)concerned bank

Question 12

Consortium Advances refer to

A)concurrent borrowings
B)multiple financing
C)joint financing by more than one bank
D)financing of consignment business

Question 13

NABARD refinance for financing Self Help Groups is to the extent of

A)25%
B)50%
C)75%
D)100%

Question 14

The term Allonge refers to

A)the sheets of paper used in writing a deed
B)the stamps affixed on document
C)a sheet of paper attach
D)to mortgage deed for the purpose of witness

Question 15

……………is a system of banking in which one bank carries on its business through a network of branches spread all over the country.

A)chain banking
B)unit banking
C)branch banking
D)none of these

Question 16

As the credit card gives the overdraft facilities and additional………….power to customer.

A)lending
B)deposit
C)borrowing
D)creating

Question 17

…........represents short-term loans granted either to the discount houses or to other banks which are obtainable at call.

A)balance with other banks
B)money at call and short notice
C)bills discount
D)cash in hand

Question 18

Banking ombudsman means

A)person appointed to recover dues from defaulting borrowers
B)a person to whom customer can approach for redress of his grievances
C)a person appoint
D)to settle dispute between employees and management

Question 19

NGO is the term associated with

A)shg
B)pmry
C)seeuy
D)agri.advances

Question 20

Full form of SLR

A)statutory liquidity ratio
B)state level recovery
C)sundry leverage ratio
D)state liquidity reserve

Question 21

C.R.A.in banking parlance stands for

A)credit rating association
B)credit rating agency
C)credit risk assessment
D)none of these

Question 22

E.P.S.in share market stands for

A)earning per share
B)electronic payment system
C)employee pension scroll
D)equated payment system

Question 23

The Securitization and Reconstruction of Financial Asset and enforce of Security Interest Act came into force from

A)21.08.02
B)21.06.02
C)21.07.02
D)21.12.02

Question 24

The powers of the Board of Directors to borrow from the bank are mentioned in

A)article of association
B)memorandum of association
C)special resolution
D)a & b

Question 25

The currency Euro has been introduced w.e.f.

A)01.01.99
B)01.01.2000
C)01.08.99
D)01.03.99