Q1. The
DICGC operates the Credit Guarantee Scheme for small scale industries on behalf
of the?
(a) LIC
(b) IBA
(c) Union Government
(d)
None of the above
(a) Cash-in hand and at bank
(b) Current assets
(c) Current liabilities and
provisions
(d)
Current assets minus current liabilities
Q3. “Window
dressing” means?
(a) The modern way of decorating a
branch office
(b) A decorative way of presenting
the Balance Sheet and Profit and Loss Account of a bank at its annual general
meeting
(c) Manipulation of accounts with a
view not to give the share holders a true and fair view
(d)
Is a strategy used by mutual fund and portfolio managers near the year or
quarter end to improve the appearance of the portfolio/fund performance before
presenting it to clients or shareholders
Q4. The
term-“co-obligant” means?
(a) A person who has guaranteed the
account of another person(s)
(b) A person who has executed an
indemnity bond in a bank’s favour
(c)
A person who has assumed obligations of contract jointly with other person(s)
(d) A person/business undertaking
opening a documentary letter of credit
Q5. The
term “dormant accounts” means?
(a) Accounts showing an average
balance of less than Rs. 100 during a half year
(b)
Accounts which remains inoperative for an extended period of time
(c) Accounts which have been blocked
under the exchange control regulations
(d) Loan/cash credit/overdraft
accounts which are considered irrecoverable
Q6. When
was the currency system in India converted into decimal system?
(a)
From 1st April, 1957
(b) From 1st April, 1959
(c) From 1st April, 1961
(d) From 1st April, 1963
Q7. Statutory
cash reserve ratio for scheduled banks is regulated by Reserve Bank of India
under powers conferred upon it by?
(a) Reserve Bank of India Act,
1934
(b)
Banking Regulation Act, 1949
(c) Companies Act, 1956
(d) Union Ministry of Finance
Q8. Net
Interest Income means?
a)
Interest generated from bank's assets less interest paid on liabilities
b) Interest earned on advances
c) Miscellaneous Income
d) None of the above
Q9. Kisan
Credit Card can be used for financing?
(a) Production needs
(b) Consumption needs
(c)
Both (a) and (b)
(d) None of the above
Q10. __________
is offered to individuals who wish to purchase or construct a house.
(a) Project Finance
(b) Business Loan
(c) Credit Loan
(d)
Home loan
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