Banking and Financial Awareness for NABARD/SBI/IBPS

1. Expand IASB?
International Accounting Standards Board
Indian Accounting Standards Board
Internal Accounting Standards Bureau
Indian Accounts Standards Board

2. VAT stands for?
Value Added Tax
Value After Tax
Volume And Tax
None of the above

3. INFINET stands for?
Internal Financial Networking
International Financial Networking
Indian Financial Network
Inland Financial Network

4. What is securitization?
A process which converts conventional credit into tradable Treasure Assets
Credit receivable of the Bank can be converted into Bonds i.e., pass through certificates
These certificates can be traded in the market
All of the above

5. The advantages of securitization for a Bank is?
It provides liquidity to the issuing Bank
The Bank capital does not get blocked
Securitisation proceeds can be used for fresh lending
All of the above

6. Which of the following is true?
Surplus funds with banks can be invested in pass through certificates
This will be indirect expansion of credit portfolio
both A and B
None of the above

7. EOQ stands for?
Economic Order Quantity

8. MRO' means?
Money Rate Over
Maintenance Repair and Operating
More Rate Over
None of the above

9. Example of the product line of a Bank is?
Car loan
Personal loan
Home loan
Above all

10. The term “MSME” used in banking parlance means _____?
Mini, Small and Medium Enterprises
Micro, Small and Medium Enterprises
Mini scale Marketing Enterprises
Medium Scale Marketing Enterprises