Banking Quiz:Parts6 [Banking]

Banking Quiz:Part 6

Q1.In respect of which one of the following areas, YH Malegam Committee has submitted its recommendation?
A.Teaser loans
B.Advances to agriculture
C.Interest on Micro finance loans
D. Rural development

Q2.What is Bank assurance?
A. a composite financial service offering both bank and insurance products
B. a bank deposit scheme exclusively for employees of insurance companies
C. an insurance scheme to insure bank advances
D.All of the above

Q3.In which of the following fund transfer mechanisms, can funds be moved from one bank to another and where the transaction is settled at current time without being bunched with any other transaction?
A. NEFT
B. TT
C. EFT
D. RTGS

Q4.In India Co-operative bank have a
A. three-tier system
B. four-tier system
C. five-tier system
D. two-tier system

Q5.Which of the following is the popular name of the norms by which a bank satisfies itself about the coustomer’s identity and activities?
A. Basel norms
B. KYC norms
C. Service norms
D. Lending norms

Q6.Which of the following is not the part of the scheduled banking structure in India?
A. Public Sector Banks
B. Regional Rural Banks
C. Moneylenders
D. Private Sector Banks

Q7.The New Capital Adequacy Framework prescribed for the banks in known as
A. Monetary Policy
B. Basel Accord
C. KYC Norms
D. Credit Policy

Q8.Which of the following is not a banking/finance related term?
A. Diffusion
B. Exposure limit
C. EMI
D. Held to Maturity

Q9.What is ‘Branch Banking System’?
A. the bank’s huge financial resources enable it to carry on tis activities on a large scale throughout the country
B. a large bank carries on banking business through a large network of branches spread all over the country
C. Both ‘2” and ‘3”
D. All of the above

Q10. Credit history of the borrowers is provided be which of the following organisations?
A. ARCIL
B. RBI
C. SEBI
D. CIBIL