MCQs on Banking Affairs -23

1. Bancassurance is ________
(a) an insurance scheme to insure bank deposits
(b) an insurance scheme exclusively for the employees banks
(c) a composite financial service offering both bank and insurance products
(d) a bank deposit scheme exclusively for employees of insurance companies



2. 'Sugam' is a scheme launched for
(a) Small tax payers
(b) Pensioners getting old age pension
(c) Big corporate houses
(d) Getting all sorts of permission / clearances for small exporters


3. Certificates of Deposits can be issued for a minimum period of _______
(a) 1 year
(b) 6 months
(c) 3 months
(d) 45 days


4. The Investment Fluctuation Reserves (IFR) created by Banks will hep them in managing
(a) Interest Rate Risk
(b) CRR
(c) SLR
(d) Foreign Currency Account


5. Many a time we come across a term in banking sector "Retail Banking". What does it really mean ? 
(a) Entirely to agricultural sector only
(b) Only to individual customers in an integrated manner
(c) Only to Self Help Groups for their Survival
(d) Only to big corporate and business houses



6. In a company the use of proce sensitive corporate information by the company people to make gains or cover loss known as ?
(a) Insider trading
(b) future trading
(c) Foreign Trading
(d) Stock Trading


7. A currency swap is refer to __________________
(a) A spot sale of currency combined with a forward repurchase of the same currency-as part of single transaction.
(b) A forward sale of currency combined with a forward repurchase of the same currency -as part of a single transaction.
(c) A forward sale of currency combined with a forward repurchase of the same currency - in two different transactions
(d) All of these


8. The bank rate means ____________
(a) Rate of Interest charged by commercial banks from borrowers
(b) Rate of Interest at which commercial banks discounted bills of their borrowers
(c) Rate of interest allowed by commercial banks on their deposits
(d) Rate at which RBI purchases or re-discounts bills of exchange of commercial banks



9. Expand the term IFRS
(a) Indian Financial Reporting Standards
(b) Indian Financial Reporting Systems
(c) International Financial Reporting Standards
(d) International Financial Reporting Systems



10. Fixing of charges for various types of services like issuance of demand draft etc. except cheques collection provided by urban co-operative banks is done by
(a) Reserve Bank of India
(b) the Indian Bank's Association
(c) NABARD
(d) the bank itself which should not be out of line with the average cost of providing the services



11. The main objective of Land Development Bank is:
(a) Providing investment credit for agriculture. 
(b) Providing crop loans to the farmers. 
(c) Developing allied activities in rural and semi-urban areas. 
(d) Creating good social relations in the residents of rural and semi-urban areas. 



12. Who issues treasury bills? 
(a) Reserve Bank of India, as the agent of the Central Government 
(b) Any govt. deptt. of state and central 
(c) Any Commercial Bank 
(d) All of the above 


13. Commercial paper 
(a) fully secured instrument 
(b) unserved money market instrument 
(c) partly secured paper 
(d) All of the above 



14. Bill of Exchange, Promissory Notes and Cheques are defined as 
(a) Negotiable Instruments 
(b) Trust Receipts 
(c) Documents of Title to goods 
(d) None of the above 



15. Which of the following do not enjoy scheduled bank status with RBI?
(a) State co-operative banks 
(b) Regional rural banks  
(c) Foreign banks in India 
(d) District Cooperative banks 

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