BANKING QUIZ PART -18 [For BANK & INSURANCE EXAMS]

BANKING QUIZ PART -18

Q1. A worldwide financial messaging network which exchanges messages between banks and financial institutions is known as ?
A. CHAPS
B. SWIFT
C. SFMS
D. Non of these

Q2. Technological Advancement in the recent times has given a new dimension to banks, mainly to which one of the following aspects?
A. New Age Financial Derivatives
B. Service Delivery Mechanism
C. Multilevel Marketing
D. Anywhere Banking


Q3.What is the full form of ‘ULIP’ ?
A. Unit Loan & Investment Plan
B. Unit Linked Insurance Plan
C. Uniformly Loaded Investment Plan
D. Universal Life & Investment Plan


Q4.Insurance service provided by various banks is commonly known as ______ ?
A. Investment banking
B. Portfolio management
C. Merchant banking
D. Bancassurance


Q5.Open market operations of RBI refer to buying and selling of:?
A. Commercial bills
B. Foreign exchange
C. Government bonds
D. Gold


Q6.The term plastic money applies to____ ?
A. Currency notes impregnated with plastic thread
B. Credit cards mainly issued by the banks
C. Bank draft made of plastic coated paper
D. None of these


Q7.The interest rate at which the RBI lends to commercial banks in the short terms to maintain liquidity is known as ?
A. Interest rate
B. Repo rate
C. Bank rate
D. Reverse repo rate


Q8.Non- performing asset (NPA) in banks means ?
A. Bank deposits which are not invested
B. Capital asset not in use
C. Loans in which interest or principal amount is not recovered
D. Loan interest rate loans


Q9. LIBOR stands for? ?
A. London India Bank Offer Rate
B. London-India Bureau Of Regulations
C. Liberal International Bank Official Ratio
D. London Inter Bank Offered Rate


Q10. SARFAESI Act related to ?
A. Bad loans recovery
B. Regulation of Foreign banks
C. Fixation of interest rates
D. Acquisition of small banks