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Banking Test (Commerce)

Description: This test could be taken by all commerce and banking students studying XII standard and above.
Number of Questions: 25
Created by:
Tags: Commerce-Banking Money and Banking
Attempted 0/25 Correct 0 Score 0

The charge created in favour of the banker by the customer in case of movable goods handed over to the banker is called

  1. pledge

  2. hypothecation

  3. mortgage

  4. lien


Correct Option: A
Explanation:

 The charge created in favour of the banker by the customer in case of movable goods handed over to the banker is called pledge.

RBI was established on

  1. 01-04-1935

  2. 01-04-1947

  3. 01-04-1950

  4. 01-04-1900


Correct Option: A

A combination of the facility of savings and term deposits is known as

  1. unit deposits

  2. flexi deposits

  3. demand and term deposits

  4. none of these


Correct Option: B

Acquiring, owning, possessing or transferring any money for crime related purposes directly or indirectly is known as

  1. money transfer

  2. money laundering

  3. money stocking

  4. money hiding


Correct Option: B
Explanation:

 Acquiring, owning, possessing or transferring any money for crime related purposes directly or indirectly is known as money laundering

A financial contract that derives its value from another financial product/commodity is called

  1. commercial paper

  2. certificate of deposit

  3. derivatives

  4. stand by facility


Correct Option: C

Which of the following is a foreign rating agency?

  1. CRISIL

  2. ICRA

  3. Standard & Poor

  4. Bank of England


Correct Option: C

Which of the following can be called NBFC (Non-Banking Finance companies)?

  1. Housing Finance Companies

  2. Hire Purchase & Leasing Companies

  3. Investment Companies

  4. All of the above


Correct Option: D

Identify the retail banking products from the following.

  1. Credit Cards

  2. Bancassurance

  3. Home loans and personal loans

  4. All of the above


Correct Option: D

A deposit in which the investor deposits a certain sum every month and gets a sum comprising both the principal and the interest at maturity is known as

  1. Recurring or Cumulative deposit

  2. Savings deposit

  3. Fixed deposit

  4. Reinvestment deposit


Correct Option: A

Which of the following is used by RBI to reduce liquidity for purposes of controlling inflation?

  1. Forex Rate

  2. Bank Rate

  3. Interest rates

  4. CRR


Correct Option: D

Bank's ability to sell additional banking products for expanding the banking business is known as

  1. Cross selling

  2. Retail selling

  3. Wholesale selling

  4. None of these


Correct Option: A

Which of the following banks in India is called the first universal bank?

  1. SBI

  2. Bank of India

  3. Reserve Bank of India

  4. ICICI Bank


Correct Option: D

A process by which the receivables of one company or institution are sold to another financial institution is called

  1. factoring

  2. forfaiting

  3. forfeiting

  4. securitising


Correct Option: A

Charges created against immovables in favour of the banker is called

  1. pledge

  2. hypothecation

  3. mortgage

  4. lien


Correct Option: C

The limit for investment in plant and machinery in a manufacturing industry, called a micro enterprise, is

  1. Rs. 25 lakhs

  2. Rs. 50 lakhs

  3. Rs. 1 crore

  4. Rs. 5 lakh


Correct Option: A

SENSEX is a stock exchange index of

  1. Mumbai Stock Exchange

  2. National Stock Exchange

  3. OTCEI

  4. AMFI


Correct Option: A

The charge created in favour of the banker by the customer in case of movable goods where borrower continues his possession is called

  1. pledge

  2. hypothecation

  3. mortgage

  4. lien


Correct Option: B

Which of the following is necessary for opening a bank account?

  1. Photograph

  2. Introduction

  3. Initial amount to be deposited

  4. All of the above


Correct Option: D

The components of SLR are

  1. cash in hand

  2. gold owned by the bank

  3. balance with RBI in excess of the ones under Sec 42 of RBI Act

  4. all of the above


Correct Option: D

The securities issued by the government are called

  1. promissory notes

  2. gilt-edged securities

  3. government bills

  4. hot money


Correct Option: B

SEBI is constituted by the

  1. Central Government

  2. State Government

  3. RBI

  4. Prime Minister


Correct Option: A

Capital used for financing new projects/proposals/ideas involving new technology or new products which are risky but with a scope for very high returns is known as

  1. Tier II Capital

  2. Venture Capital

  3. Reserve Capital

  4. Authorised Capital


Correct Option: B

Which of the following American expressions is used to describe equity shares of higher/highest investment order?

  1. Blue chip

  2. Red chip

  3. Yellow chip

  4. Micro chip


Correct Option: A

The unit to be called a small scale industry shall have a maximum investment in plant and machinery of about

  1. Rs. 1 crore

  2. Rs. 25 lakh

  3. Rs. 5 lakh

  4. Rs. 5 crores


Correct Option: A

Which of the following is a part of micro credit?

  1. Term loan to a large scale industry

  2. Vehicle loan to urbanites

  3. Loans for real estates

  4. Loans to weaker sections of society


Correct Option: D
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