Saturday, 27 August 2016

Banking and Financial Awareness for RBI/IBPS Exams


Q1. If the Bill of Exchange is not honored on the due date, there is always a change the drawer will become liable on the bill. This is called a Contingent Liability. What does it  mean? 
(a) A liability that will only arise if a certain event occurs
(b) A liability that will remain valid until the debtor pays his debt 
(c) Both (a) and (b) 
(d) Interest or principal of loan amount is defaulted for 3 to 12 months 
(e) None of the above 

Q2. What is the time period to mark a loan asset as non-performing? 
(a) 1 year non-payment of interest or principal of loan amount 
(b) months non-payment of interest or principal of loan amount 
(c) 3 months non-payment of interest or principal of loan amount 
(d) All of the above
(e) None of the above 

Q3. What is the full form of SARFAESI Act? 
(a) Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest
(b) Securitization and Restructurization of Financial Assets and Enforcement of Security Interest 
(c) Securitization and Reconstruction of Financial Assets and Enforcement of Securitization Interest 
(d) All of the above
(e) None of the above 

Q4. Which of the following is/are Asset Reconstruction Companies (ARC)? 
(a) ARCIL 
(b) ACRE 
(c) Phoenix ARC Pvt. Ltd. 
(d) All of the above 
(e) None of the above 

Q5. Which of the following is not a sector for Priority Sector Lending (PSL)? 
(a) Agriculture and Allied Activities 
(b) Large Industrial Sector
(c) Weaker Section 
(d) Micro Credit
(e) None of the above 

Q6. Mobile Wallet is a type of - 
(a) Debit Card 
(b) Credit Card 
(c) Prepaid Card 
(d) All of the above
(e) None of the above 

Q7. Which type of ATMs can be provided by NBFCs? 
(a) Bank-owned ATMs 
(b) WLAs
(c) BLAs 
(d) All of the above
(e) None of the above

Q8. Letter of Credit is generally used for - 
(a) International trade
(b) Domestic trade 
(c) Foreign Exchange 
(d) All of the above
(e) None of the above 

Q9. Initially who provides Bill of Lading to whom? 
(a) Seller to Carrier 
(b) Carrier to Seller 
(c) Carrier to Buyer 
(d) Seller to Buyer
(e) None of the above

Q10. Which of the followings provide maximum return to the banks? 
(a) Loans and advances
(b) Reserves 
(c) Investments 
(d) Deposits of Customers 
(e) None of the above

Q11. Expand IASB?
(a) International Accounting Standards Board
(b) Indian Accounting Standards Board 
(c) Internal Accounting Standards Bureau 
(d) Indian Accounts Standards Board
(e) None of the above

Q12. VAT stands for? 
(a) Value Added Tax
(b) Value After Tax 
(c) Volume And Tax 
(d) Vehicle Aand Time
(e) None of the above

Q13. INFINET stands for?
(a) Internal Financial Networking 
(b) International Financial Networking 
(c) Indian Financial Network
(d) Inland Financial Network
(e) None of the above

Q14. What is securitization? 
(a) A process which converts conventional credit into tradable Treasure Assets 
(b) Credit receivable of the Bank can be converted into Bonds i.e., pass through certificates 
(c) These certificates can be traded in the market 
(d) All of the above
(e) None of the above

Q15. The advantages of securitization for a Bank is? 
(a) It provides liquidity to the issuing Bank 
(b) The Bank capital does not get blocked 
(c) Securitisation proceeds can be used for fresh lending
(d) All of the above
(e) None of the above










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