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Banking Quiz Set- 5

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Q1. In recent years it has been recognized increasingly that a large segment of the rural population is out of the reach of the formal banking services. Which of the following is the name of the concept floated to bring most of these rural persons in hte net of financial and banking services?
(a) Corporate Governance
(b) Financial Inclusion
(c) Wealth Creation
(d) Credit Management
(e) Risk Management

Q2.Which of the following is/are correct about the “Operational Risk’ as used in the field of banking?
(1) Risk of loss due to inadequate or failed internal process.
(2) Risk of loss due to natural calamities.
(3) Loss occurred due to non-compliance of legal procedures.
(a) Only (1)
(b) Only (2)
(c) Only (3)
(d) All (1), (2) & (3)
(e) None of these

Q3.Banks’ mandatory lending to farmers for agriculture, micro and small enterprises and other weaker sections here in banks are required to lend up to 40% of the loans is generally described as ?
(a) Para banking
(b) Sub-prime lending
(c) Retail lending
(d) Non-priority sector lending
(e) Priority sector lending

Q4.Very often we see in the advertisements published by Financing Institutes/Agencies stating the their products are given high or average Ratings. These Rating Agencies classify bonds/investments into how many categories?
(1) Low Risk
(2) Average Risk
(3) High Risk
a) Only (1)
(b) Only (2)
(c) Only (3)
(d) All (1), (2) & (3)
(e) None of these

Q5.In banking business, when the borrowers avail a Term Loan, initially they are given a repayment holiday and this is referred as ?
(a) Subsidy
(b) Interest Waiver
(c) Re-phasing
(d) Interest concession
(e) Moratorium

Q6. ‘Sub Prime Lending’ is a term applied to the loans made to ___?
(a) those borrowers who do not have a good credit history.
(b) those who wish to take loan against the mortgage of tangible assets.
(c) those who have a good credit history and are known to bank since 10 years.

(d) those borrowers who are most preferred customers of the Bank.
(e) None of these

Q7. A centralized database with online connectivity to branches, Internet as well as ATM network which has been adopted by almost all major banks of our country is known as ?
(a) investment banking
(b) core banking
(c) mobile banking
(d) national banking
(e) specialised banking

Q8. Which of the following agencies/ organisations in India maintains the Micro Finance Development and Equity Fund which was in news recently?
(a) Confederation of Industries in India (CII)
(b) Indian Bank’s Association (IBA)
(c) Small Industries Development Bank of India (SIDBI)
(d) Reserve Bank of India (RBI)
(e) National Bank for Agriculture and Rural Development (NABARD)

Q9. Which of the following is not a prerequisite for a promissory note?
(a) Drawn on a specified banker
(b) It should be unconditional
(c) It should be in writing
(d) It should be made and signed by the debtor
(e) It should be payable in the currency of the country

Q10. Which of the following banks has opened the country’s first “Cash Factory” in Lucknow which will issue currency notes to all its branches and ATM in the area?
(a) Bank of India
(b) Bank of Baroda
(c) State Bank of India
(d) Union Bank of India
(e) None of these

 

 

Answer:-

1)(b) Financial Inclusion

2)(a) Only (1) {Risk of loss due to inadequate or failed internal process. }

3) (e) Priority sector lending

4) (d) All (1), (2) & (3)

5)(e) Moratorium

6) (a) those borrowers who do not have a good credit history.

7) (b) core banking

8)(e) National Bank for Agriculture and Rural Development (NABARD)

9)(a) Drawn on a specified banker

10) (c) State Bank of India

 

 

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