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Saturday, October 22, 2011

Financial Institutions and Banking Quiz - 2

1. Account where lump sum investment is made for specific period is
[A]Term Deposit account
[B]Savings account
[C]Current account
[D]Recurring deposit



2. The Capital of NABARD is subscribed by World Bank.
[A]TRUE
[B]FALSE
[C]
[D]



3. Non bank financial institutions undertake fund and non fund based activities.
[A]TRUE
[B]FALSE
[C]
[D]



4. Mutual Funds provide the benefits of ________.
[A]Portfolio management
[B]Long term returns
[C]Short term returns
[D]Wealth management



5. CRR and SLR are ________ reserves.
[A]Cash
[B]Depository
[C]Statutory
[D]None of the above



6. An ________ letter of credit cannot be canceled by the buyer without the seller's consent.
[A]Irrevocable
[B]Revocable
[C]Both A and B
[D]None of the above



7. A Transaction on "payment later" basis is a
[A]Cash transaction
[B]Credit transaction
[C]Void transaction
[D]Invalid transaction



8. A Bill in banking parlance means a
[A]Credit note
[B]Bonds
[C]Bill of Exchange
[D]None of the above



9. A company issues CP to save on
[A]Interest
[B]Tax
[C]Expenses
[D]None of the above



10. The Premium of ________ is obtained through obligatory reinsurance premium.
[A]GIC
[B]LIC
[C]RBI
[D]SBI



11. Basic Life insurance policies include
[A]Term insurance
[B]Annuity contracts
[C]Pension plans
[D]All of the above



12. Long term debt instruments have a maturity of
[A]Over one year
[B]Less than one year
[C]One year
[D]Six months



13. Cancellation of a Guarantee is known as "revocation".
[A]TRUE
[B]FALSE
[C]
[D]



14. Mutual fund has main entities like
[A]Sponsor
[B]Trust
[C]Asset Management company
[D]All of the above



15. Financial Services offered by PFC does not include
[A]Term loans
[B]Lease finance
[C]Loan Syndication
[D]Insurance



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