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Banking Quiz Set- 7

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Q1. Consider the following statements :
(1) Instant Money Transfer (IMT scheme is launched by Bank of India. )
(2) It allows withdrawal of funds to individuals from its ATMs without an account in the bank.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
(e) None of these

Q2. Which of the following constitutes a significant portion of banks’ lending portfolios?
(a) Credit finance
(b) Foreign Exchange
(c) Consumer finance
(d) Money laundering
(e) None of these

Q3. The Purchasing Managers’ Index (PMI) is a venture of ___?
(a) HDFC
(b) HSBC
(d) EXIM Bank of India
(e) None of these

Q4. Which of the following committee is associated with the review of Insider Trading Regulations?
(a) Sodhi Committee
(b) Sinha Committee
(c) Tarapore Committee
(d) Chandrashekhar Committee
(e) None of these

Q5.Nachiket Mor committee has submitted its recommendations which are related to:
(a) Insider Trading
(b) Financial Inclusion
(c) Micro Financing
(d) Macro Financing
(e) None of these

Q6. The services provided by merchant bankers includes :-
I. management of mutual funds.
II. public issues.
III. dealing with the corporate clients and advising them on various issues.
Select the correct answer using the codes given below
(a) Only I
(b) I and II
(c) II and III
(d) All of these
(e) None of these

Q7. 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

Q8. What do you understand by ‘Para Banking’ services?
(a) Eligible financial services rendered by banks
(b) Utility services provided by banks
(c) Services provided through business correspondents
(d) Services provided to armed force personnel
(e) None of these

Q9. In case where the loan is sanctioned by the bank against the borrower submitting the fake/forged documents and thus, playing fraud on the bank, such a loan is to be treated in the bank’s books as a ……..asset, even when there is recovery in the account as per the repayment schedule approved by the bank at the time of sanctioning the loan.
(a) standard
(b) sub-standard
(c) doubtful
(d) loss
(e) None of these
Answer:- (d) loss asset

Q10. The right to retain possession only of those goods in respect of which the dues have arisen is called ?
(a) particular lien
(b) general lien
(c) right of set off
(d) All of these
(e) None of these



1)Both 1 and 2

2) Consumer finance


4)Sodhi Committee

5) Financial Inclusion

6)All of these

7) Only (1)

8)Eligible financial services rendered by banks .

9) loss asset

10)particular lien


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