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Banking Quiz Set- 8

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Q1. What is the significance of ‘Real-time’ in RTGS?
a. Funds will eventually be transmitted to beneficiary account
b. Funds will be settled in batches
c. Funds will be settled as soon as initiated
d. None of the above

Q2. What is the time period / validity for a Small Account without Official Valid Documents (OVD) ?
a. 6 months
b. 12 months
c. 18 months
d. 24 months

Q3. Which of the following is true regarding Marginal Standing Facility (MSF)?
a. Tenure is 1 day, and 1% of NDTL of banks is eligible for borrowing
b. Tenure is 1 day, and 2% of NDTL of banks is eligible for borrowing
c. Tenure is 30 days, and 1% of NDTL of banks is eligible for borrowing
d. Tenure is 30 days, and 2% of NDTL of banks is eligible for borrowing

Q4. Repo and Reverse Repo together is known as ?
a. Liquidity Assessment Facility
b. Liquidity Adjustment Facility
c. Liability Assessment Facility
d. Liability Adjustment Facility

Q5. Certificate of Deposits issued by banks ?
a. are of min. Rs. 1 lakh and multiple thereof, with maturity of 7 days to 1 year
b. are of min. Rs. 5 lakh and multiple thereof, with maturity of 7 days to 1 year
c. are of min. Rs. 1 lakh and multiple thereof, with maturity of 1 month to 1 year
d. are of min. Rs. 5 lakh and multiple thereof, with maturity of 1 month to 1 year

Q6. Which of the following instrument can be issued by any corporate?
a. Certificate of Deposits (CDs)
b. Commercial Papers (CPs)
c. Inter-Corporate Deposits (ICDs)
d. Gilt-edged securities

Q7. Which of the following arrangement is correct regarding risks (more risk to low risk) of instruments?
a. CD > CP > ICD
b. CD > ICD > CP
c. ICD > CP > CD
d. CP > ICD > CD

Q8. Which of the following is/are collateralized lending?
a. lending under repo rate
b. lending under reverse repo rate
c.lending under bank rate
d. both (a) and (b)

Q9. Demand Draft (DD) is a type of ?
a. Negotiable Instrument, but not precisely defined in NIA Act, 1881
b. Negotiable Instrument and precisely defined in NIA Act, 1881
c. Non-Negotiable Instrument, but not precisely defined in NIA Act, 1881
d. Non-Negotiable Instrument and precisely defined in NIA Act, 1881

Q10. Which of the followings is/are types of Hundis?
a. Sahyog
b. Darshani
c. Muddati
d. All of the above

 

 

Answer:-

1) Funds will be settled as soon as initiated.

2)12 months

3)Tenure is 1 day, and 1% of NDTL of banks is eligible for borrowing

4)Liquidity Adjustment Facility

5)are of min. Rs. 1 lakh and multiple thereof, with maturity of 7 days to 1 year

6)Inter-Corporate Deposits (ICDs)

7)ICD > CP > CD

8)both (a) and (b)

9) Negotiable Instrument, but not precisely defined in NIA Act, 1881

10) All of the above

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