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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.

3. Non bank financial institutions undertake fund and non fund based activities.

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.
[D]None of the above

6. An ________ letter of credit cannot be canceled by the buyer without the seller's consent.
[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
[C]Bill of Exchange
[D]None of the above

9. A company issues CP to save on
[D]None of the above

10. The Premium of ________ is obtained through obligatory reinsurance premium.

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".

14. Mutual fund has main entities like
[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