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Banking and Financial Awareness for NABARD/SBI/IBPS

Banking and Financial Awareness for NABARD/SBI/IBPS |_2.1

1. The major shareholders in Asset Reconstruction Company of India Limited (ARCIL) other than SBI are? 

A .IDBI &Canara Bank
B. ICICI & HDFC
C. IDBI & HDFC
D. IDBI & ICICI



2. “Claused Bill of Lading” is one which indicates? 
A. no defects in packaging or condition of goods 
B. defective condition or shortfall of package and goods 
C. no documents attached to it 
D. None of the above
3. “Cost Overrun” means? 
A. Remaining constant in Project Cost
B. escalation in Project Cost 
C. decrease in Project Cost 
D. None of the above

4. “e-stamping” denotes? 
A. replacement of the traditional system of affixing postal stamps in postal services 
B. doing away with the need of banks to brand stamps on negotiable instruments manually 
C. sending message through e-mail, where no stamping is necessary 
D. replacing stamp duty required for payment of registration of properties and documents 

5. In which of the following situations can a bank issuing a Bank Guarantee may withhold payment of the Guarantee invoked by the beneficiary? 
A. when it is not satisfied that there was default on the part of the party because of which the beneficiary suffered 
B. bank can withhold payment of the guarantee upon being served an injunction by the Court restraining payment under the guarantee 
C. there is no provision for withholding payment of a Bank Guarantee when invoked 
D. None of the above 

6. Please identify the statement which is not true with respect to Guarantee Cover under Credit Guarantee Trust for Medium & Small Enterprise? 
A. retail traders are eligible for cover 
B. Small Road and Water Transport Operators are eligible for the cover 
C. Small Business entities, Professional & Self-Employed persons are eligible for cover
D. other service enterprises under the scope of Micro and Small Enterprise are eligible for the cover 

7. Invoice is a? 
A. Accounting document 
B. Legal document 
C. Commercial document 
D. All of the above
8. The currency of the issuance of the insurance policy? 
A. must be as the currency of the seller’s country 
B. must be same as the currency of the issuing bank’s country 
C. must be the same as that of the currency of the Letter Of Credit (LC) 
D. None of the above
9. Stand by Letter of Credit is a substitute of?
A. Letter of Credit 
B. Guarantee  
C. Advise note 
D. None of the above

10. Account payee crossing is addressed to? 
A. collecting banker 
B. paying banker 
C. payee 
D. All of the above

Banking and Financial Awareness for NABARD/SBI/IBPS |_3.1



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